HINDSFORD COMMUNITY LINK (NW) LIMITED Trustees. Report and Financial Statements For the year ended 31 March 2024 Registered number: 07049857 Charity number: 1134399
HINDSFORD COMMUNITY LINK (NW) LIMITED CONTENTS FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS Legal and administrative information Page 1 Trustees, report Page 2 Independent Examiners, report Page 5 Statement of financial activities Page 7 Balance sheet Page 8 Notes forming part of the financial statements Page 10
HINDSFORD COMMUNITY LINK (NW) LIMITED LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2024 Trustees A. Milliken N. Worrall (Managing Directortrrustee) l.J. Mcdemott Company Secretary A. Milliken Nursery Manager K. Foster Company Registered Number- 07049857 Charity Registered Number- 1134399 Registered Office Hindsford Day Nursery Lodge Road Atherton Manchester M46 9BL Accountants Bloomfield's Bloomfield Court 76 Factory Street West Atherton, Manchester M46 OEF
HINDSFORD COMMUNITY LINK (NW) LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Reference and Administration Infonnation The Trustees, who are also the 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 the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities, issued in March 2005 and updated May 2008. Hindsford Community Link (NW) Limited is a company limited by guarantee and a charity registered with the Charity Commission for England and Wales under number 1134399. The Trustees of the charity and the principle advisers of the charrty are listed on page 1. Structure, Governance and Management The limited company is governed by its Memorandum and Articles of Association. Trustees were appointed initially by the Director and first Trustee, J. Adams. Subsequent and further appointments are made by the Board of Trustees. Objectives and Activities of the Charlty The main objectives of the charity are to give children the best possible start to their education by providing learning facilities for children aged O to 4 years 11 months. Achievements and Performance The charity continues to provide excellent facilities for the community as recognised by the 'Good' OFSTED inspector's port which was awarded in April 2022. Wigan Quality Standard Award and 'Healthy Early Years, setting. Financial Review The charity has been largely dependent on the provision of grant funding by the local authority and lotteries funding. These funds have been applied in the construction of the nursery building in which the charity actives are undertaken. The charity also receives fee income for certain services provided for children of pre-school age, which is applied in the furtherance of the charity's principal objectives. The charity's assets are all applied directly or indirectly for the main objects of the charity. The charity shall be partially dependent on the continued support of the grants funding bodies of the local authority (Wigan MBC} and, subject to the timely reIpt of this further grant funding, which is expected to be available to finance the future activities, the charity shall have sufficient funding and assets available to continue its main objects for the foreseeable future. Plans for Future Periods The charity will continue to provide excellent facilities for the education and advancement of children of pre-school age.
HINDSFORD COMMUNITY LINK (NW) LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Results and Dividends A summary of the results of the yearfs activities is incorporated in the Statement of Financial Activities. All revenue from the charitable activities are applied for the charitable object of the company. Directors and Trustees The directors and trustees during the year were as follows: l.J. Mcdermott A. Milliken N. Worrall (Managing Directorffrustee) Fixed Assets Acquisitions and disposals of fixed assets during the year are recorded in the notes to the financial statements. Statement of Directors, and Trustees, Responsibilities The directors and trustees are required by law to prepare the financial statements for each financial year which give a true and fair view of the financial activities of the charity and of its financial position at the end of the year. In preparing those financial statements the directors and trustees are required to: Select suitable accounting policies and then apply them consistently; Make judgements and estimates that are reasonable and prudent; Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will Gontinue in business. The directors and trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small Company Status 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.
HINDSFORD COMMUNITY LINK (NW) LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Signed by order of the Board of Trustees and the Directors A. Milliken Company Secretary Date 2024
HINDSFORD COMMUNITY LINK (NW) LIMITED INDEPENDENT EXAMINER'S REPORTTO THE DIRECTORS AND TRUSTEES OF HINDSFORD COMMUNITY LINK (NW) LIMITED Respective responsibilities of trustees and examiner The charity's trustees (who are also the directors of the company for the purpose of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charites Act 2011 (the Charities Act) and that an independent examination is needed. The trustees have acknowledged, on the balan sheet, their responsibilities for ensuring that the company keeps accounting records which comply with section 396 of the Companies Act 2006. and for preparing financial statements which give a true and fair view of the state of affairs of the company and of its surplus/(deficit) for the financial year. In accordance with the instructions, we have prepared the financial statements on pages 7 - 12 from the accounting records of the company and on the basis of information and explanations we have been given It is my responsibility to: Examine the accounts (under section 145 of the Charities Act) To follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and To state whether particular matters have come to my attention Basis of independent examiner's statement My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below. Independent examinerfs statement In the course of my examination, no matter has come to my attention 1. Which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements: To keep accounting records in accordance with section 130 of the Charities Act and S386 of the Companies Act 2006; and To prepare accounts which accord with the accounting records and comply with the accounting requirement of Section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities.; or 2. To which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
HINDSFORD COMMUNITY LINK (NW) LIMITED INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS AND TRUSTEES OF HINDSFORD COMMUNITY LINK (NW) LIMITED K Bloomfield CPAA For and on behalf of Bloomfields Accountants Limited Bloomfield Court 76 Factory Street West Atherton Manchester M46 OEF Date:...
HINDSFORD COMMUNITY LINK (NW) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted Re8trlcted funds funds 2024 2024 Total funds Total funds 2024 2023 Note INCOMING RESOURCES Grants received Transfers fromlto Deferred Income 208,924 208,924 196,953 180,054 180,054 233,968 Fundraising Bank Interesl Receivable Nursery Fees Received 188 437 142 127 TOTAL INCOMING RESOURCES 368 491 376 587 RESOURCES EXPENDED Direct Charitable Expenditure Consumables- Play Equipment and Food Training and Team Building Wages and NIC Pension Rates Insurances Light and Heat Telephone & Internet Printing, Postage & Stationery, & Computer Costs Repairs and Maintenance Bank charges and Interest Sundry and Cleaning Depreciation Staff Uniforms Licenses and Registration Fees Legal and Professional 19,118 889 281,483 8,416 2,585 2,387 11,146 2,072 19,118 889 281,483 8,416 2,585 2,387 11,146 2,072 15,503 977 269,098 8,285 2,784 2,193 10,323 1,240 79 23,347 422 4.543 1,821 1,274 79 23.347 422 4,543 10,301 1,274 2,343 47,304 266 3,053 10,622 1,463 8.480 3,110 3,110 4,272 362 692 371172 379 726 Other Expendlture Accountancy & Secretarial TOTAL RESOURCES EXPENDED 368 491 376 971 385 067 NET INCOMING I (OUTGOING) RESOURCES BEFORE TAXATION Taxation NET MOVEMENT IN FUNDS Fund balances at 1 April 2023 312 555 312 555 321035 FUND BALANCES AT 31 March 2024
HINDSFORD COMMUNITY LINK (NW) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Note FIXED ASSETS Tangible assets 352 627 342,326 352,627 CURRENT ASSETS Debtors Cash and bank in hand 1,500 245 065 1.500 228 471 246,565 229.971 CREDITORS.. Amounts falling due within one year Net currenl assets 179 305 TOTAL ASSETS LESS CURRENT LIABILITIES 521,631 530,111 CREDITORS.. Amounts falling due after one year 217 556 217 556 NET ASSETS 304 075 312 555 CHARITY FUNDS Restricted funds Unrestricted funds 304,075 312,555 The directors and trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of S.480 of the Companies Act 2006. No notice from the members under S.476 of the Companies Act 2006 requiring the company to have an audit has been deposited with the company. The directors and trustees acknowledge their responsibility for ensuring that the company keeps accounting records which comply with S.386 of the Companies Act 2006, and for preparing accounts. which give a Irue and fair view of the state of the affairs of the company at 3151 March 2024 and of its net expenditure for the year then ended in accordance with the requirements of S.396, but which otherwise comply with the requirements of the Act relating to the accounts so far as applicable to the company. The financial statements have been prepared in acrdanCe with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. These financial statements were approved by the Trustees on 2024 and signed on their behalf. by:
HINDSFORD COMMUNITY LINK (NW) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 EILkLL . WORRALL Director Date 2024 The notes on pages 10 to 12 form part of these financial statements. Company number 07049857
HINDSFORD COMMUNITY LINK (NW) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparation of financlal statements These accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities. The accounts have been prepared in compliance with the Statement of Recommended Practice on Charity Accounts. Income and Expenditure is recognised in the accounts on the accruals basis at the date on which an asset is recognized or a liability incurred. The company has taken advantage of the exemption in Financial Reporting Standard No. 1 from the requirement to produ a cashflow statement on the grounds that it is a small company. Income Income represents fees received, proedS from fundraising activities, bank interest and grants received and receivable for the financial year end and is atlributable to the one principal activity of the company, Tangible fixed assets and depreclation All fixed assets costing more than £500 are capitslised. Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases.. Buildings Fumiture and fixtures 2°/0 Straight line 15% Reducing balance Taxation The company is exempt from Taxalion on income arising from activities in carrying out, and investment income applied only for, the company's main charitable purpose. GRANTS RECEIVED Grants were received by the charity as follows- 2024 2023 Surestart & Local Authority Grants TOTAL EXPENDITURE 2024 2023 Is stated after charging:_ Depreciation of Tangible Fixed Assets: Owned Directors Remuneration 10,301 10,622 TAXATION There is no charge to Corporation Tax.
HINDSFORD COMMUNITY LINK (NW) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 TANGIBLE FIXED ASSETS Flxtures and Fittings Buildings Total Cost At 1 April 2023 Additions At 31 March 2024 66.265 445,889 512,154 512 154 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 53,301 106,671 159,972 115 151 170 272 Net book value At 31 March 2024 330 738 352 182 At 31 March 2023 339 218 352 182 DEBTORS 2024 2023 Due within one year: Prepayments CREDITORS: 2024 2023 Amounts falllng due wlthln one year: Tax and Social Security Accruals and Deferred income (Grants) 16.262 LONG TERM CREDITORS: 2024 2023 Amounts falling due after one year: Accruals and Deferred income {Grants}
HINDSFORD COMMUNITY LINK (NW) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Funds 2024 Restricted Funds 2024 Total Funds 2024 Total Funds 2023 Tangible fixed assets Net current assetsl(liabilities) Creditors.. Due after one year 38,251 304,075 342,326 352,627 179,305 179,305 177,484 217 556 217 556 217 556 Total 304 075 304 075 312 555 10. LIMITED BY GUARANTEE The company is limited by guarantee and does not have a Share Capital. Each member gives a guarantee to contribute a sum not exceeding £10 to the company should it be wound up. At 31st March 2024 there were 3 members.