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← Highfield Community Association-Keighley

2024-03-31-accounts

Highfield Community Association - Keighley

Charity number 1124828

A company limited by guarantee number 04488173

Annual Report and Financial Statements

for the year ended 31 March 2024

Highfield Community Association - Keighley

Annual Report and Financial Statements for the year ended 31 March 2024

Contents Page
Trustees' report 2 to 7
Examiner's report 8
Statement of financial activities 9
Balance sheet 10
Notes to the accounts 11 to 18

Prepared by West Yorkshire Community Accountancy Service CIO

1

Highfield Community Association - Keighley

Trustees' report for the year ended 31 March 2024

Reference and administrative details of the charity, its trustees and advisors

The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates

Position Dates Javaid Iqbal Chair from 14 June 2024 Diane Ramsden Chair to 14 June 2024 Roy Williams Shabana Din Sugheer Zeb Treasurer Saboor Ghazi Kate Toch Natasha Thomas

Appointed 14 June 2024 Resigned 26 October 2023 Resigned 7 December 2023 Appointed 14 June 2024 Resigned 13 September 2024

Charity number 1124828 Company number 04488173 Registered and principal address Bankers

Registered in England and Wales Registered in England and Wales

Highfield Community Centre HSBC Drewry Road 36 North Street Keighley Keighley BD21 2QG BD21 3SF

Independent examiner

Alan Dodd FCCA West Yorkshire Community Accountancy Service CIO Stringer House 34 Lupton Street Leeds LS10 2QW

Structure, governance and management

The charity is a company limited by guarantee and was formed on17 July 2002. It is governed by a memorandum and articles of association, last amended on 10 June 2019. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £1.

Method of recruitment and appointment of trustees

The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM.

2

Highfield Community Association - Keighley

Trustees' report (continued) for the year ended 31 March 2024

Objectives and activities

The charity's objects

Our charity's objects are to:

Further develop and benefit residents of Keighley specifically the neighbourhood of Highfield. Without distinction of sex, sexual orientation, race or political, religious or other opinions, by associating together residents, local authorities, voluntary and other organisations in a common effort to advance education and provide facilities in the interests of social welfare for recreation, leisure time occupation with the objective of improving the conditions of life for residents.

Maintain or manage or co-operate with any statutory authority in the maintenance and management of a community centre In Highfield for activities promoted by the charity in furtherance of the above objectives.

The charity's main activities

Highfield Community Association was incorporated in July 2002 and in April 2004 we moved into our current premises in The Highfield Centre. We lease approximately half of the Highfield Centre from Bradford Council.

Highfield Community Association aims to work for the public benefit and one of our main responsibilities is to provide the community, our customers, with the best possible service, whilst providing facilities and activities that improve their lives.

Public benefit statement

In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of education and community development.

Achievements and performance

Highfield Community Association aims to work for the public benefit and one of our main responsibilities is to provide the community, our customers, with the best possible service, whilst providing facilities and activities that improve their lives.

During the financial year we have been able to offer a number of courses including ESOL, English and Maths Functional Skills, Mental Health Awareness, Counselling, Sewing, Henna, Digital Skills, Food Hygiene and Living and Working in the UK. These courses have been delivered in partnership with Craven College, Keighley College, and the WEA.

Our bookings are gradually returning to pre-Covid levels however we have noticed that the cost of living is still influencing people’s standard of living. With the help of Bradford Council and the Household Support Fund we have continued to support our most vulnerable families and residents by providing food parcels and a warm meal twice a week.

From April 2023 our Play Ranger Scheme has been funded by The National Lottery enabling us to continue with the brilliant work they carry out supporting children aged 5 – 14 years. The work during the year has focused on engaging the young people with arts and crafts activities based on mental wellbeing, mindfulness, knitting and crochet, yoga, homework club, reading club, sports and games. With funding from Bradford Council Holiday Activities Fund we have been able to run activities during the school holidays, including family trips to Blackpool and the Yorkshire Wildlife Park, barge trips, cricket sessions in partnership with Dynamo and All Stars Cricket, cinema and bowling, and fun-filled park events at Cliffe Castle and Victoria Park which included free fairground rides, face painting and stalls. During the summer of 2023 we were supported by two students from Leeds Beckets University studying Youth & Community Work and again in January 2024 with three students. We have also had some work placement students from Keighley College who are studying Health & Social Care and some young people volunteering via the Duke of Edinburgh award.

3

Highfield Community Association - Keighley

Trustees' report (continued) for the year ended 31 March 2024

Achievements and performance (continued)

The funding from the National Lottery has also meant that we have been able to work with children aged 14 – 21 years. Our Excel Youth groups have participated in a variety of activities including cooking sessions, photography, work and leadership skills, rapping and music workshops, orienteering, climbing and rock scrambling, Bradford Youth Voice Skills training, and trips out. In February 2024 a workshop on how the UK Parliament works, how to get their voices heard with politicians and developing campaigning skills was delivered to the Excel youth and their parents. A group for those young people aged 16+ with additional needs, the Diamond Group, was also set up to help them with life skills such as cooking, mindfulness and trips out.

As well as our Play Ranger Project we have many other projects running. Bradford Council through the Local Community Support Grant (formerly known as Day Opportunities) enables us to work with older women (Colourful Lives Project), Bangla women (Asha project) and older men (Dekh Bhaal project). The groups meet weekly and have enjoyed trips out, gardening with help from Get Out More, exercise sessions, pampering, Arabic calligraphy workshops, and talks on health and wellbeing issues, such as Diabetes, alcohol and drug use, benefits advice, and of course the social side of meeting up each week just to chat.

We received money from Sport England which funded exercise sessions for women and girls, and sports events. Many of our ladies also had the opportunity to learn to ride a bike through Bradford Councils Cycling for Health Scheme. In March 2024, with funding from Bradford Council, activities took place in the Airedale Centre for International Women’s Day. VCS Alliance funding enabled us to set up ‘out of hours’ wellbeing drop in provision for men and women and funding from Leeds Community Foundation has supported women’s wellbeing and mental health.

Some of our other activities throughout the year have included a family fun day to celebrate King Charles III Coronation in May 2023, storytelling with magic tricks and puppets (as part of Bradford Council’s Family Literature Festival in June 2023), stay & play sessions, social chill and chat sessions, arts and crafts, coffee mornings, digital hub, WACA social prescribing clinics, Modality drop-in sessions and advice sessions, and regular exercise classes and sessions focusing around nutrition and health, which has helped over 40 women to lose weight and lead healthier lifestyles. Throughout the year we have held some very successful health days with Modality, health visitors, and community groups, looking at general health and wellbeing, blood pressure monitoring, diabetes awareness and flu vaccinations. Most of the sessions take part at the centre but we also use community venues including Eastwood School and Holycroft School.

In the main we receive no regular funding towards core costs so one of our main priorities remains to raise funds to improve our facilities, keep the centre running and offer more services to the community. We do receive a Community Buildings Grant from Bradford Council which also goes towards our core costs and from October 2022 we were successful in securing a 3-year grant from The Henry Smith Charity, which also helps towards some of our core costs. Our project work is funded by grants and our other main source of income, comes from hiring our rooms to organisations and private individuals. During the financial year our MUGA has again remained closed, it is need of repair and although we are looking for funding to replace the pitch and/or build a new facility, the rising cost of materials is not helping.

All the work we carry out would not be possible without the dedication and commitment of our staff, volunteers and Board of Directors. Our Board of Directors not only contribute their time but also energy and expertise. We would also not be able to continue without the support from the community and the help, advice and funding from our funders.

4

Highfield Community Association - Keighley

Trustees' report (continued) for the year ended 31 March 2024

Financial review

The net income for the year was £32,599, including net income of £57,323 on unrestricted funds and net expenditure of £24,724 on restricted funds.

Reserves policy

The charity's free reserves, excluding fixed assets, at the year end were £218,699.

Within this amount, funds have been designated by the trustees towards:

The total amounts so designated at the balance sheet date therefore were £85,000, leaving free reserves of £133,699, equating to 9.8 months of budgeted unrestricted expenditure, slightly above the upper range of the charity's reserves policy (see below).

Highfield Community Association needs reserves to:

Potential for short time working

Whilst the trustees have to take a prudent position and allow for redundancy in the event of a financial crisis the organisation does have a good relationship with its staff and the options of part-time working and short term lay-offs would also be considered. It should though be noted that increasingly funding is related to outputs and a move to part-time working could jeopardise some funding.

Reserves level

Highfield Community Association therefore aims to have reserves in the band of 50% -75% (6 - 9 months) of anticipated expenditure in order to meet these costs. Based on budgeted unrestricted expenditure of £162,900, this would equate to being between £81,450 and £122,175.

5

Highfield Community Association - Keighley

Trustees' report (continued) for the year ended 31 March 2024

Reserves policy (continued)

Maintaining a prudent level of reserves

In the event of reserves dipping below the target Highfield Community Association has set, then measures would be taken to restore the reserves. This could be achieved by increased fund raising, increasing earned income or reducing expenditure.

If reserves exceed 75% of expenditure Highfield Community Association will consider the likely expenditure over the next two years and aim of reserves to be less than 75% of turnover by the end of two years. This could be achieved by reducing fund raising, allocating less time staff time to earned income activities, reducing prices, or increasing "free" activities and so increasing expenditure. Increasing "free" activities could be one off in areas like courses or sports activities or expanding the organisation generally. In the latter case due attention will be paid to identifying funding that would sustain the expansion after the reserves had been brought below 75% of expenditure.

Monitoring and reviewing of reserves policy

The Board will consider current costs of closure and examine the level of reserves each year when setting the following year’s budget.

6

Highfield Community Association - Keighley

Trustees' report (continued) for the year ended 31 March 2024

Statement of trustees' responsibilities

The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.

Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and apply them consistently;

observe the methods and principles in the Charities SORP;

make judgements and estimates that are reasonable and prudent;

state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.

Approved by the board of trustees on 12/12/2024

Sugheer Zeb (Trustee)

7

Highfield Community Association - Keighley

Independent examiner's report to the trustees of Highfield Community Association - Keighley

I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2024, which are set out on pages 9 to 18.

Responsibilities and basis of report

As the charity's trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charitable company's gross income exceeded £250,000 your examiner must be a fellow of a body listed in section 145 of the 2011 Act.

I confirm that I am qualified to undertake the examination because I am a fellow of ACCA which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Alan Dodd FCCA

12/12/2024

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

8

Highfield Community Association - Keighley

Statement of Financial Activities

(including summary income and expenditure account) for the year ended 31 March 2024

Notes
2024
Unrestricted
funds
£
Income from:
Grants and donations
(2)
6,537
Sales and fees
58,823
Bank interest
5,806
Contributions from activities
35,590
Total income
106,756
Expenditure on:
Salaries, NI and pension
(3)
16,799
Payroll charges
1,669
Service charges - utilities
16,030
Travel
226
Training
-
Building maintenance
5,137
Building rates
934
Cleaning
1,150
Beneficiaries expenses and activities
18,028
Equipment, materials and warranties
212
Insurance
4,622
Telephone and postage
966
Photocopying and printing
1,175
Stationery
3
Independent examination
1,782
Professional fees
810
Vehicle costs
1,231
Computer equipment and maintenance
1,045
Furniture and fish tank
200
Other expenses
533
Books, journals, subscriptions and licences
714
Café, tuck shop and vending machine
464
Volunteer expenses
29
Bad debts
-
Depreciation
18,986
Total expenditure
92,745
Net income / (expenditure)
14,011
Transfers between funds
43,312
Net movement in funds
57,323
Fund balances brought forward
370,087
Fund balances carried forward
(4)
427,410		 2024
Restricted
funds
£
311,256
-
-
-
311,256
183,798
1,026
-
276
1,474
1,219
-
421
92,176
561
-
2,240
2,280
200
-
-
-
3,258
896
55
2,148
-
640
-
-
292,668
18,588
(43,312)
(24,724)
97,249
72,525		 2024
Total
funds
£
317,793
58,823
5,806
35,590
418,012
200,597
2,695
16,030
502
1,474
6,356
934
1,571
110,204
773
4,622
3,206
3,455
203
1,782
810
1,231
4,303
1,096
588
2,862
464
669
-
18,986
385,413
32,599
-
32,599
467,336
499,935		 2023
Total
funds
£
229,829
49,501
1,171
15,108
295,609
170,542
2,749
13,431
2,077
945
7,400
2,752
1,775
63,176
403
3,671
4,037
3,890
321
1,854
733
1,077
1,501
219
1,686
1,532
106
441
231
21,427
307,976
(12,367)
-
(12,367)
479,703
467,336

All incoming resources and resources expended derive from continuing activities.

9

Highfield Community Association - Keighley

Balance sheet

as at 31 March 2024
2024
Unrestricted
£
Fixed assets
Tangible assets
(5)
208,711
Total fixed assets
208,711
Current assets
Debtors and prepayments
(6)
14,395
Cash at bank and in hand
(7)
285,713
Total current assets
300,108
Current liabilities:
amounts falling due within one year
Creditors and accruals
(8)
81,409
Total current liabilities
81,409
Net current assets / (liabilities)
218,699
Net assets
427,410
Funds
Unrestricted funds
General unrestricted funds
342,410
Designated funds
(4b)
85,000
Unrestricted funds
427,410
Restricted funds
-
Total funds
427,410		 2024
Restricted
£
-
-
-
72,525
72,525
-
-
72,525
72,525
-
-
-
72,525
72,525		 2024
Total
£
208,711
208,711
14,395
358,238
372,633
81,409
81,409
291,224
499,935
342,410
85,000
427,410
72,525
499,935		 2023
Total
£
227,697
227,697
33,669
265,979
299,648
60,009
60,009
239,639
467,336
347,281
22,806
370,087
97,249
467,336

For the year ending 31 March 2024 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who are also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).

The financial statements were approved by the board of trustees on 12/12/2024

Sugheer Zeb (Trustee)

10

Highfield Community Association - Keighley

Notes to the accounts

for the year ended 31 March 2024

1 Accounting policies

Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year.

No changes have been made to the accounts for previous years.

Going concern

The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, if it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.

Grants and donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.

Expenditure and liabilities

Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.

Taxation

As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.

Tangible fixed assets

Tangible fixed assets costing more than £1,000 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows:

Fixtures and fittings: 25% Equipment:20% Motor vehicles: 25% Leasehold improvements: 5%

Pensions

The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.

11

Highfield Community Association - Keighley

Notes to the accounts

for the year ended 31 March 2024

1 Accounting policies continued

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

Leases

Rents under operating leases are charged on a straight line basis over the lease term or to an earlier date if the lease can be determined without financial penalty.

12

Highfield Community Association - Keighley

Notes to the accounts continued

for the year ended 31 March 2024

2 Grants and donations
BMDC - Community Buildings grant
BMDC - Community Development
BMDC - Cost of Living support
BMDC - Early Help and Prevention
BMDC - Food Parcels and Warm Spaces
BMDC - HAFP Summer, Christmas and Easter
BMDC - International Women's Day 2024
BMDC - Keighley Area Coordinator's Office
Henry Smith Charity
KAWACC
Keighley Healthy Living
Keighley Town Council
Leeds Community Foundation
National Lottery - Empower and Excel
Sport England
VCS Alliance
Yorkshire Energy Doctor
Bettys and Taylors Family Fund
BMDC - Platinum Jubilee Community grant
BMDC - Youth Worker
Power to Change Trust
Other donations
3 Staff costs and numbers
Gross salaries
Social security costs
Employment allowance
Pensions		 2024
Unrestricted
funds
£
4,238
1,475
-
-
-
-
-
-
-
-
-
-
-
-
-
-
250
-
-
-
-
574
6,537		 2024
Restricted
funds
£
-
-
9,933
33,431
40,069
46,514
400
5,000
23,150
1,025
4,990
3,000
6,046
109,665
963
27,070
-
-
-
-
-
-
311,256		 2024
Total
funds
£
4,238
1,475
9,933
33,431
40,069
46,514
400
5,000
23,150
1,025
4,990
3,000
6,046
109,665
963
27,070
250
-
-
-
-
574
317,793
2024
£
192,409
8,848
(5,000)
4,340
200,597		 2023
Total
funds
£
2,500
-
4,500
31,306
28,950
60,430
-
-
44,200
-
-
-
14,988
-
3,854
22,669
-
5,000
400
1,000
10,000
32
229,829
2023
£
163,087
8,457
(5,000)
3,998
170,542

The average number of employees during the year was 19.7, being an average of 7.4 full time equivalent (2023: 17.5, 6.4 FTE). There were no employees with emoluments above £60,000.

Defined contribution pension scheme 2024 2023
£ £
Costs of the scheme to the charity for the year 4,340 3,998

13

Highfield Community Association - Keighley

Notes to the accounts continued

for the year ended 31 March 2024

4a
Restricted funds
International Women's Day 2024
Cost of Living Support (2)
Cost of Living Support (1)
Early Help & Prevention
Holiday Activities and Food
Household Support Fund
Keighley Area Co-ordinator
Keighley Healthy Living
Keighley Town Council
Leeds Community Foundation
KAWACC
Power to Change
Sport England
The Henry Smith Charity
National Lottery
Two Riding Community Foundation
VCS Alliance
Youth Offer
2040 Vision Consultation
Transformation Fund
Near Neighbours
International Women's Day 2020		 Balance b/f
£
-
-
4,500
4,977
4,038
3,621
-
-
-
9,247
-
3,730
3,854
28,260
-
4,122
20,219
900
250
7,000
2,400
131
97,249		 Incoming
£
400
9,933
-
33,431
46,514
40,069
5,000
4,990
3,000
6,046
1,025
-
963
23,150
109,665
-
27,070
-
-
-
-
-
311,256		 Outgoing
£
400
9,253
4,240
26,277
42,516
36,868
-
-
3,000
9,297
-
1,300
3,912
42,042
71,404
2,079
37,430
-
250
-
2,400
-
292,668		 Transfers
£
-
(680)
(260)
(7,020)
(3,597)
(3,388)
-
-
-
(3,978)
-
-
(550)
(4,730)
(4,000)
(1,080)
(6,898)
-
-
(7,000)
-
(131)
(43,312)		 Balance c/f
£
-
-
-
5,111
4,439
3,434
5,000
4,990
-
2,018
1,025
2,430
355
4,638
34,261
963
2,961
900
-
-
-
-
72,525

Fund name

International Women's Day 2024 Cost of Living Support (2)

Cost of Living Support (1)

Early Help & Prevention

Holiday Activities and Food

Household Support Fund

Keighley Area Co-ordinator Keighley Healthy Living Keighley Town Council Leeds Community Foundation KAWACC

Purpose of restriction

International Women's Day event.

To provide support to households and individuals to help reduce the cost of living, from December 2023.

To provide support to households and individuals to help reduce the cost of living, to 1 August 2023.

Projects to work with elderly women from the Bangladeshi and Pakistani communities, and elderly men from the South Asian community.

To support families, providing food parcels, meals and activity packs for children.

Extension of previous funding to support families by providing food parcels and warm spaces.

To support activities with young people.

To prevent isolation and loneliness and support healthy relationships. Community Photography Project. Women's wellbeing and mental health project. Keighley Association for Women and Children's Centre.

14

Highfield Community Association - Keighley

Notes to the accounts continued

for the year ended 31 March 2024

4a Fund name (continued) Power to Change

Sport England

The Henry Smith Charity National Lottery Two Riding Community Foundation VCS Alliance

Youth Offer 2040 Vision Consultation Transformation Fund

Near Neighbours

International Women's Day 2020

Purpose of restriction

Help with core staffing costs and cost of living allowance, and to improve buildings' energy efficiency.

To support provision of sporting offers for young people in the community

Towards running costs of the organisation. Empower and Excel - Activities for young people.

Series of six-week long cookery programmes for children. To provide an ‘out of hours’ wellbeing drop-in provision for men and women.

Funding for a youth worker conference.

To support work concerning the 2040 Vision consultation.

For quantity and topographical surveys, CAD design and engineering reports on the Multi Use Games Area (MUGA). The work was delayed due to Covid, and it has been difficult to source the appropriate surveys since. With the agreement of the funder, the grant has been transferred to unrestricted reserves.

To work in partnership with other agencies to transform fly-tipped areas into communal spaces.

To support International Women's Day 2020. The balance has been transferred to unrestricted funds for subsequent years' events.

Transfers relate to internal room hire charges and office costs, unless otherwise stated.

4b Designated funds

Building improvements Community Development Cost of Living/Warm Spaces

Balance b/f
£
22,806
-
-
22,806		 Incoming
£
-
-
-
-		 Outgoing
£
-
-
-
-		 Transfers
£
37,194
15,000
10,000
62,194		 Balance c/f
£
60,000
15,000
10,000
85,000

Fund name

Building improvements

Community Development

Cost of Living/Warm Spaces

Reason for designation

Towards community building improvements, to enable progress with renovating and redeveloping the MUGA (multi-use games area) which is currently closed.

To enable our community development work to continue after current external funding ceases, pending future funding opportunities.

To enable the continuation of provision of food parcels and at least two warm meals a week for a period of up to six months whilst we look for external funding.

15

Highfield Community Association - Keighley

Notes to the accounts continued

for the year ended 31 March 2024

5
6
7
**8 **		 Tangible assets
Cost
£
At 1 April 2023
285,666
Additions
-
At 31 March 2024
285,666
Depreciation
At 1 April 2023
69,980
Charge for year
14,284
At 31 March 2024
84,264
Net book value
At 31 March 2024
201,402
At 31 March 2023
215,686
Debtors and prepayments
Debtors
Prepayments
Other debtors
Cash at bank and in hand
Cash at bank
Cash in hand
Creditors and accruals
Creditors
Accruals
Deferred income (see note below)
Other creditors
Leasehold
Improvement		 £
38,577
-
38,577
38,577
-
38,577
-
-
Fixtures &
fittings		 £
86,905
-
86,905
74,894
4,702
79,596
7,309
12,011
Equipment		 £
4,999
-
4,999
4,999
-
4,999
-
-
2024
£
7,255
3,230
3,910
14,395
2024
£
354,767
3,471
358,238
2024
£
5,884
72,182
3,343
-
81,409
Motor
vehicles		 Total
£
416,147
-
416,147
188,450
18,986
207,436
208,711
227,697
2023
£
31,204
1,556
909
33,669
2023
£
264,333
1,646
265,979
2023
£
1,630
55,584
2,378
417
60,009

Deferred income comprises fees relating to periods after the end of the financial year.

16

Notes to the accounts continued

Highfield Community Association - Keighley

for the year ended 31 March 2024

9 Related party transactions

Trustee expenses

During the year one trustee was paid a total of £30 in respect of travel (previous year: no trustees and £nil).

Trustee remuneration and benefits

No trustee received any remuneration or benefit during this or the previous year.

Remuneration and benefits received by key management personnel

The total employee benefits received by key management personnel were £41,509 (previous year: £40,119).

Other transactions with trustees or related parties
Fazeela Hanif
10 Operating leases
Within one year
In the second to fifth years inclusive
Over five years from the balance sheet date
Expected future minimum lease payments over the remaining life of the
lease, analysed into the period in which the commitment falls due:
Manager
Purchase of materials from
a business in which the
Manager is involved.
Name of trustee
or related party
Relationship to
charity
Description of transaction		 2024
£
1,855
1,855
2024
£
1,829
305
-
2,134		 2023
£
497
497
2023
£
3,007
2,134
5,141

17

Highfield Community Association - Keighley

Statement of Financial Activities including comparatives for all funds

(including summary income and expenditure account) for the year ended 31 March 2024

2024
2023
Unrestricted Unrestricted
funds
funds
£
£
Income
Grants and donations
6,537
2,532
Sales and fees
58,823
49,501
Bank interest
5,806
1,171
Contributions from activities
35,590
15,108
Total income
106,756
68,312
Expenditure
Salaries, NI and pension
16,799
61,948
Payroll charges
1,669
2,749
Service charges - utilities
16,030
13,431
Travel
226
194
Training
-
603
Building maintenance
5,137
4,488
Building rates
934
2,752
Cleaning
1,150
1,629
Beneficiaries expenses and activities
18,028
2,045
Equipment, materials and warranties
212
403
Insurance
4,622
3,671
Telephone and postage
966
2,855
Photocopying and printing
1,175
790
Stationery
3
321
Independent examination
1,782
1,854
Professional fees
810
733
Vehicle costs
1,231
1,077
Computer equipment and maintenance
1,045
200
Furniture and fish tank
200
219
Other expenses
533
1,107
Books, journals, subs and licences
714
1,532
Café, tuck shop and vending machine
464
(4)
Volunteer expenses
29
72
Bad debts
-
-
Depreciation
18,986
21,427
Total expenditure
92,745
126,096
Net income / (expenditure)
14,011
(57,784)
Transfers between funds
43,312
39,601
Net movement in funds
57,323
(18,183)
Fund balances brought forward
370,087
388,270
Fund balances carried forward
427,410
370,087		 2024
Restricted
funds
£
311,256
-
-
-
311,256
183,798
1,026
-
276
1,474
1,219
-
421
92,176
561
-
2,240
2,280
200
-
-
-
3,258
896
55
2,148
-
640
-
-
292,668
18,588
(43,312)
(24,724)
97,249
72,525		 2023
Restricted
funds
£
227,297
-
-
-
227,297
108,594
-
-
1,883
342
2,912
-
146
61,131
-
-
1,182
3,100
-
-
-
-
1,301
-
579
-
110
369
231
-
181,880
45,417
(39,601)
5,816
91,433
97,249		 2024
Total
funds
£
317,793
58,823
5,806
35,590
418,012
200,597
2,695
16,030
502
1,474
6,356
934
1,571
110,204
773
4,622
3,206
3,455
203
1,782
810
1,231
4,303
1,096
588
2,862
464
669
-
18,986
385,413
32,599
-
32,599
467,336
499,935		 2023
Total
funds
£
229,829
49,501
1,171
15,108
295,609
170,542
2,749
13,431
2,077
945
7,400
2,752
1,775
63,176
403
3,671
4,037
3,890
321
1,854
733
1,077
1,501
219
1,686
1,532
106
441
231
21,427
307,976
(12,367)
-
(12,367)
479,703
467,336

18