Registered number: 06786448 **FAIRFIELD AND HOWLEY NEIGHBOURHOOD PROJECT DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** Carty & Co Accountants Ltd **Fairfield and Howley Neighbourhood Project Directors' Report and Unaudited Financial Statements For The Year Ended 31 March 2023** |**Contents**|| |---|---| ||**Page**| |Company Information|1| |Directors' Report|2| |Accountants' Report|3| |Income and Expenditure Account|4| |Balance Sheet|5| |Notes to the Financial Statements|6—7| |The following pages do not form part of the statutory accounts:|| |Detailed Income and Expenditure Account|8| **Fairfield and Howley Neighbourhood Project Company Information For The Year Ended 31 March 2023** **Directors** Mrs Alison Cullen Mr Roger Coasby Mr Peter Speed Mr Roger Jeffery Mr James Frangleton **Company Number** 06786448 **Registered Office** The Old School Fairfield Street Warrington Cheshire WA1 3AJ **Accountants** Carty & Co Accountants Ltd 234 Manchester Road WARRINGTON WA1 3BD Page 1 ## **Fairfield and Howley Neighbourhood Project Company No. 06786448 Directors' Report For The Year Ended 31 March 2023** The directors present their report and the financial statements for the year ended 31 March 2023. ## **Principal Activity** The Fairfield and Howley Neighbourhood Project (hereafter called The Old School) is a not-for-profit charity that aims to support, develop and encourage lifelong learning, creative arts and community activity. We do this by offering affordable, safe and accessible spaces and rooms for communities to hire and rent. We have been operating for over 10 years and have built up a good relationship with a wide variety of community groups and local charities in Warrington. This is one of our key strengths, in particular offering spaces on a long-term lease basis to charities such as Homestart, The Visually Impaired Centre, Creating Adventures and MacIntyre as well as room hire to U3A, scouts, dance troops, mums and tots etc. We are based in the heart of one of the more deprived areas of Warrington, Fairfield and Howley ward, one of the 6 wards in Warrington within the top 20% most deprived. We have been very flexible in terms of supporting local food insecurity initiatives, setting up the Bread and Butter programme to deliver from the building every Friday morning, as well as identifying this as a need for our local population we also, saw this as an opportunity to encourage the footfall of local people. One of our challenges has been people identifying the building as a community asset that can be utilised as a resource to support people in crisis and struggling though the cost-of-living crisis. We have also run the HAF programme from the centre which engaged new families local to the area. Working with partners at WVA we regularly deliver Soup & Chat to provide a safe space for people who are lonely and isolated to make social connections and for those struggling with heating bills to come in for a warm. The main challenge for The Old School in the last financial year has been the cost of running the building to keep it viable, the significant increase in the cost of running the building, and slow start in terms of groups returning after Covid, not all of them have and we have also found that some groups run less sessions as their members struggle to pay subs/fees. At the beginning of 2023 we increased our lease/rent cost, still keeping the spaces affordable but also to ensure we could cover costs. Last year we made the very difficult decision to have just one employee with support from a part time post to help with opening up and low-level maintenance. This has proved successful and we now run at a very small surplus, but without the capacity to develop relationships, promote the building and increase occupancy to full capacity. ## **Directors** The directors who held office during the year were as follows: - Mrs Alison Cullen - Mr Roger Coasby - Mr Peter Speed - Mr Roger Jeffery Mr James Frangleton ## **Small Company Rules** This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. On behalf of the board Mr Roger Coasby Director 27/12/2023 Page 2 ## **Fairfield and Howley Neighbourhood Project Accountants' Report For The Year Ended 31 March 2023** ## **Report of the Accountant to the directors of Fairfield and Howley Neighbourhood Project** These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2021. We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements. On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”. You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited. The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance. Signed 27/12/2023 Carty & Co Accountants Ltd 234 Manchester Road WARRINGTON WA1 3BD Page 3 ## **Fairfield and Howley Neighbourhood Project Income and Expenditure Account For The Year Ended 31 March 2023** |**Notes**
**TURNOVER**
**GROSS SURPLUS**
Administrative expenses
**OPERATING DEFICIT AND DEFICIT FOR THE**
**FINANCIAL YEAR**|**2023**
**£**
93,548
93,548
(101,792)
(8,244)|**2022**
**£**
84,539| |---|---|---| |||84,539
(117,698)| |||(33,159)| The notes on pages 6 to 7 form part of these financial statements. Page 4 ## **Fairfield and Howley Neighbourhood Project Balance Sheet As At 31 March 2023** |**Notes**
**FIXED ASSETS**
Tangible Assets
**4**
**CURRENT ASSETS**
Debtors
**5**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within**
**One Year**
**6**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
Income and Expenditure Account
**MEMBERS' FUNDS**|**2023**
**£**
**£**
13,721
13,721
2,125
3,477
5,602
(9,107)
(3,505)
10,216
10,216
10,216
10,216|**2023**
**£**
**£**
13,721
13,721
2,125
3,477
5,602
(9,107)
(3,505)
10,216
10,216
10,216
10,216|**2022**
**£**
**£**
15,942
15,942
603
13,525
14,128
(11,610)
2,518
18,460
18,460
18,460
18,460|**2022**
**£**
**£**
15,942
15,942
603
13,525
14,128
(11,610)
2,518
18,460
18,460
18,460
18,460| |---|---|---|---|---| |||13,721
(3,505)||15,942
2,518| ||5,602
(9,107)||14,128
(11,610)|| |||||| |||10,216||18,460| |||10,216||18,460| |||10,216||18,460| |||10,216||18,460| For the year ending 31 March 2023 the 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 company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors 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. On behalf of the board Mr Roger Coasby Director 27/12/2023 The notes on pages 6 to 7 form part of these financial statements. Page 5 ## **Fairfield and Howley Neighbourhood Project Notes to the Financial Statements For The Year Ended 31 March 2023** ## 1. **General Information** Fairfield and Howley Neighbourhood Project is a private company, limited by guarantee, incorporated in England & Wales, registered number 06786448. The registered office is The Old School, Fairfield Street, Warrington, Cheshire, WA1 3AJ. ## 2. **Accounting Policies** ## 2.1. **Basis of Preparation of Financial Statements** The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. ## 2.2. **Turnover** Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. ## **Sale of goods** Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. ## **Rendering of services** Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably. ## 2.3. **Tangible Fixed Assets and Depreciation** Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: |Leasehold|100| |---|---| |Plant & Machinery|15| |Fixtures & Fittings|15| ## 3. **Average Number of Employees** Average number of employees, including directors, during the year was: 2 (2022: 4) ## 4. **Tangible Assets** ## **Land & Property** |**Cost**
As at 1 April 2022
Additions
As at 31 March 2023
**Depreciation**
As at 1 April 2022
Provided during the period
As at 31 March 2023
**Net Book Value**
As at 31 March 2023
As at 1 April 2022|**Leasehold**
**£**
50,711
-|**Plant &**
**Machinery**
**£**
8,549
-|**Fixtures &**
**Fittings**
**£**
25,634
201|**Total**
**£**
84,894
201| |---|---|---|---|---| ||50,711|8,549|25,835|85,095| ||50,711
-|6,189
354|12,052
2,068|68,952
2,422| ||50,711|6,543|14,120|71,374| ||-|2,006|11,715|13,721| ||-|2,360|13,582|15,942| Page 6 ## **Fairfield and Howley Neighbourhood Project Notes to the Financial Statements (continued) For The Year Ended 31 March 2023** ## 5. **Debtors** |.
**Debtors**||| |---|---|---| |**Due within one year**
Trade debtors
.
**Creditors: Amounts Falling Due Within One Year**
Trade creditors
Other taxes and social security|**2023**
**£**
2,125
2,125
**2023**
**£**
5,908
3,199
9,107|**2022**
**£**
603| |||603| |||**2022**
**£**
6,674
4,936| |||11,610| ## 6. **Creditors: Amounts Falling Due Within One Year** ## 7. **Company limited by guarantee** The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1. Page 7 ## **Fairfield and Howley Neighbourhood Project Detailed Income and Expenditure Account For The Year Ended 31 March 2023** |**TURNOVER**
Sales
Grant Income
**GROSS SURPLUS**
**Administrative Expenses**
Wages and salaries
Subcontractor costs
Staff training
Travel expenses
Rent
Rates
Light and heat
Repairs and maintenance
Cleaning
Insurance
Printing, postage and stationery
Advertising and marketing costs
Telecommunications and data costs
Accountancy fees
Legal fees
Depreciation of plant and machinery
Depreciation of fixtures and fittings
Sundry expenses
**OPERATING DEFICIT AND DEFICIT FOR THE**
**FINANCIAL YEAR**|**2023**
**£**
**£**
88,656
4,892
93,548
93,548
34,248
7,166
156
-
-
3,094
14,909
19,135
15,033
1,166
578
661
2,491
630
104
354
2,067
-
(101,792)
(8,244)|**2023**
**£**
**£**
88,656
4,892
93,548
93,548
34,248
7,166
156
-
-
3,094
14,909
19,135
15,033
1,166
578
661
2,491
630
104
354
2,067
-
(101,792)
(8,244)|**2022**
**£**
**£**
62,673
21,866
84,539
84,539
45,157
5,442
420
16
375
2,753
14,651
23,524
7,658
1,047
655
1,312
2,416
832
8,565
416
2,397
62
(117,698)
(33,159)|**2022**
**£**
**£**
62,673
21,866
84,539
84,539
45,157
5,442
420
16
375
2,753
14,651
23,524
7,658
1,047
655
1,312
2,416
832
8,565
416
2,397
62
(117,698)
(33,159)| |---|---|---|---|---| |||93,548
93,548
(101,792)||84,539
84,539
(117,698)| |||||| |||(8,244)||(33,159)| Page 8