REGISTERED COMPANY Tr4UMBER: 06786448 (England and Wal) RF.GISTERED CHARITY NUMBER: 1128606 Report oftbe Trusttts and Unaudited Financial Ststements for the Yejr Ended 3A Mthrcb 2024 for Fairfield And Howley Neighbourbood Project Voisey & Co LLP Chartered Accountants 8 Winmarleigh Street Warrington Cheshire WAI IJW
Fairfield And Howley Trieighl)ourhiM)d Project Conttnts of tht Financial Statements for the Year EDded 31 March 2024 Page Report of the Trngtees I to 2 Independent ExamineT'S Report Stalement of Financial ActiYitie5 Balance Sheet Notes to the Financial Statements 7 to 12 Detailed Statement of Fin8ncial Activities 13
Fairfjeld And Howley Neighbourhood Projtet Report of the Trustees for the Year Ended 31 March 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006. present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. StsteTnenL of Recommended Prnctice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland {FRS 102) (effective I January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The FaÈrfield and Howley Neighbourho(xl Project (hereafter called The Old School) is a not-for-profit charity that aims to support, develop and encourage lifelong learning, creative ans and community aclivity. We do this by offering affordable. safe and accessible spaces and rooms for cotntnunithes to hire and rent. ACHIEVEMENT AND PERFORMANCE Charitable activities We have been operating for over 10 years and have buih up a gId relationship wilh a wide variety of community groups and local charities in Warrington. This is one of out key sirengihs. in particular offering Spaces on a long-term lease basis io charities such as Hornestart. The Visually Impaired Centre, Creating Adventures and Maclntyre as well as room hire to U3A, scout5, dance troops, mums and tots etc. We are based in the heart of one of the more deprived are&$ of Warrington, Fairfield ond Howl¢y ward, one of the 6 Wdrds in Warrington within th¢ top 2/0 most deprived. We have been very flexible in temis of supporting local food insecurity initiatives, setting up the Bread and Butter programme to deliver from the building every Friday morning. as well &5 identifying this a% a need for our local population we also. saw this as an opportunity to encourage the footfall of local pIe. One of our Challenges has been people identifying the building as a community asset that can be utilised as a resource io suptM)rt wple in ¢risis 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 aTea. Working with partners at WV A we regularly deliver Soup & Chal to provide a 5af¢ space for PEople who are lonely and isolated to make social connections and for those strnggling with he*ing bills to come in for a warni. The main chall¢nge for The Old Schwl in the last financial year h&$ been the Cost of rurLning the building to kttp it viable, the significant increase in the cost Of tunning the building. and slow start In tertns of wups retuming after Covid, noi all of them have and we have also found that some group5 run less sessions as rheir mem1rS struggle 10 pay subslfees. At the beginning of 2023 we increased our leaselrent cos4 still keeping the spaces affordable but also to ensure we could cover costs. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing doeument The charity is controlled by its governing documenL a deed of tr¢ and cOnMite$ a limited company. limited by guarantee, as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 06786448 {Eng]and and Wales) Registereil Charity nuThber 1128606 Registered offite The Old School Fairfield Street Warrtnglon WAI 3AJ Page I
Fairfield And Howlty f4eighbourhood Project Report of the Trustees for the Year Ended 31 March 2024 Truste¢5 A Cullen Chief officer (resigned 22.2.24) F Patterson (appointed 1.12.23) D Podmore (appointed 1.12.23) R Coasby (resigned 1.8.24) Independent Examiner Voisey & Co LLP Chartered Accountants 8 Winmarleigh Street Warrington Cheshire WAI IJW Approved by order of ihe board of tsi]stees on 16 December 2024 and signed on its behalf by.. Itif50n- Irusl Page 2
IndepeDdeNt Examiner's Report to the Trustees of Fairfield A Trd Ho*lty Neighl)ourho(wJ Project Independent examiner's report to the trustee5 of Fairfield And Howley r4eighbourh)d Projeet {'the Cornpany,) I report to the charity trustees on my examination of the accounts of the ComEYdny for the year ended 31 March 2024. Re5POn5ibilities and basig of report As the charity's trustees of the Company {and also its de¢l015 for the pUSeS of Company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 Cthe 2006 A¢t'l. Having satisfied myself that the accounts of the Company are noi required to be audited under Part 16 of the 2006 Act and are eligible for independent exarnination, I report in res¢1 of my examinati¢)n of your charitgs accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission wider Seciion 145(5) (b) of the 2011 Act. Independent examiner's statement I have ¢ornpleted my examination. I confjrni that no matters have come to rny attention in colectIOn with the examination giving me caus¢ to believe-. accounting records were not kept in respect of the Company as requirtd by Section 386 of the 2006 Act. or the accounts do not accord with those records- or the accounts do not cornply with the accounting requirements of Section 396 of the 2006 Act other than any requirernent thai the accounts give a true and fair view which is not a matter considered as part of an independent examination. or the accounts have not been prepared in accordance with the methi)d5 and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in a¢cordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)). I have no concems and have come across no other matter5 in connection with the examination to which att¢ntion should be drawn in this report in order to enable a Proper understhnding of the accounts to be reached. Jonathan Urnigton BA ACA Voisey & Co LLP Chartered Accountants 8 Winmarleigh Street Warrington Cheshire WAI IJW 16 December 2024 Page 3
Fairfield And Howley Neighbourhood Project Statement of Financial Aetivitics {IDcorporating an Income and Expenditure Aeeount) for the Year Ended 31 March 2024 31.3.24 UteStricted fund 31.3.23 Total nds Notes INCOME AND ENDOWMENTS FROM Charitable activities Grants 4,892 Other trading activities 74,344 88.656 Total 74,344 93,548 EXPENDITURE or4 Other 82.574 101,792 NET IIYCOMEI(EXPEf4DITURE) (8.230) (8,244) RECONCILIATION OF FUNDS Total ft]nds brought foTward 10,216 18.460 TOTAL FUNDS CARRIED FORWARD 1,986 10,216 The noies forni part of these fmancial slatements Page 4
Fairfield And Howley Neighbourhood Project Balance Sheet 31 March 2024 31.3.24 Unrestrirted fund 31.3.23 Total fi]nds Notes FIXED ASSETS Tangible assets 11.663 13,721 CURRENT ASSETS Debtors Cash at bank and in hand 490 4,068 2,125 3.477 4,558 5,602 CREDITORS AFTrounts falling due within one yvar {14,235) (9,1071 NET CURRENT ASSETS (9,677) (3,505) TOTAL ASSETS LESS CURRENT LIABILITIES 1,986 10,216 P4ET ASSETS 1.986 10,216 FUNDS Unrestricted fijnds 10 1.986 10,216 TOTAL FUNDS 1,986 10,216 The chariiable company is entitled to exe]nption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company 10 obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring thai the charitable company kfeps accounting records thai comply with Sections 386 and 387 of the Companies A¢t 2006 and preparing fmancial staiements which give a true and fair view of the state of affair5 of the charitable Company as at the end of each financial year and of its sury)lus or deficit for each financial )'ear in accorthce with the requirements of Sections 394 and 395 and wthich otherwise comply with ihe requirements of the Companies Act 2006 relating to firwicial 5tatetnents, so far as applicable to the charitable company. {b) The note5 form part of these financial sthtements Page 5 continued...
Fairfield And Howley Neighbollrhood Project Balance Sheet- continued 31 March 2024 These financial statements have been prepared in accordance with the provi510t15 applicable to charitable compaDi¢5 subject to the small companies regime. Tht financial statements were approved by the Board of Trustecs and authorised for issue on 16 December 2024 and were signed on its behalf by.. ItiTSOn- [nlL The notes foTm part of these financial Statements Page 6
Fairfield And Howley Neighbourhood Project Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparin8 the financial statements The fanCial statements of the charitable company, whi¢h is a publi¢ benefit eniity under FRS 102, have been prepared in accordance with the Charitie5 SORP (FRS 102) 'Accouniing and Reporting by Chariiies.. Statement of Recommended Practice applicable to chariiies preparing their accounts in accordance with the Financial Reporting Standard applieable in the UK and Republic ol Ireland {FRS 1021 (effective l January 20191,, Financial Reporting Standard 102 'fhe Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Aci 2006. The financial statements have trKen prepared under the historical cost cor]vention. Income All income is recognised in the Statement of FiTtancial Activities once the charity h&5 entitlement to the fund5, it IS probable that the income will be received and the amounr can be Eneasured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constrnctive obligation committing the charity to that expenditure, it is probable that a transfer of economtc benefits will be qUired tn settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings thai aggrega all cost related to the caiegory. Where cosrs cannot be directly attributed to particular heading5 they have been allocated to activitie5 on a b&sis con5i5teT]t with the use of resources. Tangible fixed #s5et$ DepratIon is provided at the following annual rdtes in ordeT to write off each asset over its estimated useful life. T8xation The charity is exempt from corporation tsx on its charitsble activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the di%retion of the trstee9. Restricted fund5 can only be used for parti¢ular restricted purposes Wlthin the objects of the charity. Restrictions arise when specified by tbe donor or when ndS are rnised for particular restricted purposes. Further explanation of th¢ natur¢ and purpose of each fild is included in the notes to the fanCial statements. Pension c051s and other p05t-retiremeDt benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the ¢table company'5 pension schelne are charged to the Swemeni of Financial Activities in the period to which they relate. Page 7 ontinued...
Fairfield And Howley Neighbourhood Project Notes to the Financial Statements- tontiThued for the Year Ended 31 imarch 2024 OTHER TRADIP*G AcfivITIES 31.3.24 31.3.23 Room hire income 74,344 88,656 NET INCOMEI(EXPENDITURE) Net income/(expenditure) is stated after chargingl(crediting): 31.3.24 31.3.23 Depreciation- owned assets 2,058 2.422 TRUSTEES, REMUNERATION AND BENEFITS There were no thjsitts, remuneration or other benefts for the year ended 31 Mareh 2024 nor for the year ended 31 March 2023. Trustees, txptThses There were no tNstees' eXnSeS paid for the y¢yr ¢nded 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS The average monthly number of employees during the year was as follo.. 31.3.24 31.3.23 Centre manager No employees received emoluments in excess of £60,(M)O. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted fund INCOME AND ENDOWMENTS FROM Charitable actlVLties Grants 4,892 Other trading activities 88,656 Total 93,548 EXPENDITVRE ON Other 101,792 Page 8 continued...
Fairfield And Howley Neighbourho Project Notes to the Financial Statements- continued for the Year Ended 31 March 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACtIVITIES- eontinued Ulwestricted fund NET INCOMEI(EXPENDITURE) (8,244) RECONCILIATION OF FUNDS Total ndS brought forward 18,460 TOTAL FUNDS CARRIED FORWARD 10,216 TANGIBLE FIXED ASSETS Fixtures ng leasehold Plant aDd achinery ttings Totals COST Ai l April 2023 and 31 March 2024 50,711 8.549 25,835 85,095 DEPRECIATION Ai l April 2023 Charge for year 50.711 6,543 301 14,120 1.751 71.374 2,058 At 31 March 2024 50.71 15,877 73,432 NET BOOK VALUE At 31 March 2024 1,705 9,958 11.663 At 31 Mah 2023 2.006 13,721 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors 490 2.125 Page 9 continued...
Fairfield ADd Howley Neighbourhood Project Notes to the Financial StsteThtnts- colltinued for the Year Ended 31 March 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade treditorg Social security and other taxes Accruals and deferred income 10,649 2.686 5,908 3,199 14,235 9,107 io. MOVEMENT IN FUNDS Net ovetnent in fvnds At 31.3.24 Ai 1.4.23 Unrestricted funds Generdl fund 10.216 (8,230) 1,986 TOTAL FUNDS 10.216 (8,230) 1,986 Net movement in fids, included in the above are as follows: Incotning resources Resources expended Movement in funds Unrestricted funds General fund 74J44 (82,574} {8,230) TOTAL FUNDS 74.344 (82,574) (8,230) Comparatives for movement in funds Net movement in funds At 31.3.23 At 1.4.22 Unrestrieted funds General fund 18.460 (8.244) 10,216 TOTAL FUNDS 18,460 (8,244) 10.216 Page 10 continued...
Fairfield And Howley Neighbourhood Project Notes to Ihe Financial St#ttmtnts- continued for the Year Ended 31 March 2024 io. MOVEMENT IN FUNDS- continued Comparative net movemeni in funds, included in the atrKTrve are as follows= Incoming resources Resources expended Movement in fvnds Unrestrieted fund5 General fund 93,548 (101,792) {8,244) TOTAL FUNDS 93,548 (101,792) 18,244) A current year 12 months and prior year 12 mQDths combined position is as follows: Net movement in funds At 31.3.24 At 1.4.22 Unre5trlettd funds General fi]nd 18.460 (16,474) 1,986 TOTAL FUNDS 18.460 (16,474) 1.986 A current year 12 months and prior year 12 months combtned net moyemeni in fiu)d5, included in ihe above ar¢ as follows= Incoming resources Resources expended Movement in funds Unrestricted funds General fund 167,892 (184,366) (16,4741 TOTAL FUNDS 167,892 (184.3661 (16,474) Page 11 continued...
Fairfield And Howle) f4eighl)ourhiKbd Projef t Notes to the Financtal Statements- Continued lor the Year Ended 31 March 2024 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 Matth 2024. Page 12
F3irfield And Howle). Neighbourhood Project Detailed Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 IF4COME ATr4D ENDOWMENTS Other trading activities Room hire income 74.344 88,656 Charitable activities Grant income 4,892 Total incoming r¢50urces 74,344 93,548 EXPENDITURE Support £05ts Management Wages Social security Pensions Rates and water Insurance Light and heat Telephone Postage and stationery Advertising Repairs and renewals Computer costs Subscriptions Subcontracior costs Household and cleaning 21,844 504 468 3,021 7,570 16,627 2.584 1,514 110 7,467 397 284 800 14.770 34,248 3.094 1,166 14,909 2,491 578 661 19,135 156 7,166 15.033 77,960 98,637 Other Plant and machinery Fixtures aTJd fittings 301 .757 354 2,067 2.058 2.421 Governance costs Accountancy fees Legal fees 1.080 1,476 630 104 2,556 734 Total r¢sourc¢s expended 82,574 101,792 Net expenditure 18.230) (8,244) Thi5 page does not forni part of the swuwry financial statements Page 13