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2024-03-31-accounts

REGISTERED COMPANY NUMBER: 04333000 (England and Wales) REGISTERED CHARITY NUMBER: 1147469

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2024

for

North Huyton Communities Future

Haines Watts Statutory Auditor 3rd Floor Pacific Chambers 11-13 Victoria Street Liverpool Merseyside L2 5QQ

North Huyton Communities Future

Contents of the Financial Statements for the Year Ended 31 March 2024

Page
Report of the Trustees 1 to 3
Report of the Independent Auditors 4 to 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 16
Detailed Statement of Financial Activities 17

North Huyton Communities Future

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: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

OBJECTIVES AND ACTIVITIES

The objectives of the organisation are based around continuing and sustaining the regeneration programme begun under the area's New Deal for Communities programme.

This work includes project management of the major housing regeneration programme, distribution of a small grants programme, management of two community centres, support of two community-based delivery organisations, ownership and management of a small residential property portfolio that houses households mostly nominated by Knowsley's Housing Options Service.

ACHIEVEMENT AND PERFORMANCE

NHCF has continued to support community development in the North Huyton area through its funding of its highly successful Small Change Grants Programme.

In 2023/24 thirteen local community groups were supported through this long-established programme.

In addition, the company continued to support two key community organisations, HIYA and L14, whose community and youth-based programmes are targeted in specific areas of North Huyton.

HIYA operates out of one of NHCF's two community buildings, the Hillside Neighbourhood Centre, while L14 is based in the other, the GATE Community Centre.

Both buildings are now managed through these respective community organisations, who continue to offer free usage of the centres to local community groups and so subsequently host a multitude of clubs and events.

NHCF was successful this year in being awarded nearly £1m from the Youth Investment Fund to build a youth-based facility as an extension to the GATE Community Centre. Work started in November 2023 and is due to be completed in July 2024.

The company owns and lets out twelve properties in the area, which is helping to sustain the company long term.

NHCF continues to project manage the Revive housing development programme and has overseen another rise in properties built and sold this year taking the total to over 1000 under this banner.

FINANCIAL REVIEW

Financial position

The charity made a surplus in the year of £570,463 (2023: deficit of £224,973), with reserves of £2,396,608 (2023: £1,826,145) at the year end.

Reserves policy

No amount of reserves is required to be held as the Charity holds no debt and has no future funding needs.

Page 1

North Huyton Communities Future

for the Year Ended 31 March 2024

Report of the Trustees

FINANCIAL REVIEW

The organisation continues to be retained as the project managers of the Revive scheme for which it receives an annual fee.

However, its main income stream over the last 10 years has been from its returns on land sold through the Revive programme.

The company has worked with Partners to maximise the land receipts of previous phases which helps sustain the company in the short turn while the final phase is prepared for sale in 2024/25. The organisation has enacted significantly costs reductions in previous years which has enabled the organisation to fully support the grants and centre development, which is where the company's focus will be over the next few years.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

NHCF is a company limited by guarantee and a registered charity. The organisation is run through a Board of seven members, six of which are local nominated residents that represent the six sub estates that make up the designated area in which it operates.

The other member is a local councillor who are nominated from Knowsley Metropolitan Borough Council.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

04333000 (England and Wales)

Registered Charity number

1147469

Registered office

The Gate 600 Princess Drive Huyton Knowsley L14 9NQ

Trustees

P G Lankertis A C Mason K W McGlashan D G Storey B M Thompson F McCann

Auditors

Haines Watts Statutory Auditor 3rd Floor Pacific Chambers 11-13 Victoria Street Liverpool Merseyside L2 5QQ

Page 2

North Huyton Communities Future

Report of the Trustees

for the Year Ended 31 March 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Company Secretary

Haines Watts Statutory Auditor 3rd Floor Pacific Chambers 11-13 Victoria Street Liverpool Merseyside L2 5QQ

PUBLIC BENEFIT REQUIREMENT

The trustees of North Huyton Communities Future confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of North Huyton Communities Future for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements 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 that period. In preparing those financial statements, the trustees are required to

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 statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Haines Watts, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

....................................................................

K W McGlashan - Trustee

Page 3

Report of the Independent Auditors to the Members of North Huyton Communities Future

Opinion

We have audited the financial statements of North Huyton Communities Future for the year ended 31 March 2024 which comprise Statement of Financial Activities, Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

In our opinion the financial statements:

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Page 4

Report of the Independent Auditors to the Members of North Huyton Communities Future

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 5

Report of the Independent Auditors to the Members of North Huyton Communities Future

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We assessed the susceptibility of the company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the company engagement team included:

Despite the audit being planned and conducted in accordance with ISAs (UK) there remains an unavoidable risk that material misstatements in the financial statements may not be detected owing to inherent limitations of the audit, and that by their very nature, any such instances of fraud or irregularity likely involve collusion, forgery, intentional misrepresentations, or the override of internal controls

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Michael Forshaw FCA (Senior Statutory Auditor) for and on behalf of Haines Watts Statutory Auditor 3rd Floor Pacific Chambers 11-13 Victoria Street Liverpool Merseyside L2 5QQ

Date: .............................................

Page 6

North Huyton Communities Future

Statement of Financial Activities

for the Year Ended 31 March 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
915,929
Investment income
4
42,785
Total
958,714
EXPENDITURE ON
Charitable activities
5
General charitable purpose
369,051
Governance costs
19,200
Total
388,251
NET INCOME/(EXPENDITURE)
570,463
RECONCILIATION OF FUNDS
Total funds brought forward
1,826,145
TOTAL FUNDS CARRIED FORWARD
2,396,608
CONTINUING OPERATIONS		 Restricted
fund
£
-
-
-
-
-
-
-
-
-		 31.3.24
Total
funds
£
915,929
42,785
958,714
369,051
19,200
388,251
570,463
1,826,145
2,396,608		 31.3.23
Total
funds
£
59,613
59,228
118,841
320,614
23,200
343,814
(224,973)
2,051,118
1,826,145

All income and expenditure has arisen from continuing activities.

The statement of financial activities includes all gains and losses recognised in the year.

The notes form part of these financial statements

Page 7

North Huyton Communities Future

Balance Sheet

31 March 2024

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
10
-
Investment property
11
2,316,856
2,316,856
CURRENT ASSETS
Debtors
12
43,445
Cash at bank and in hand
69,912
113,357
CREDITORS
Amounts falling due within one year
13
(37,229)
NET CURRENT ASSETS
76,128
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,392,984
DEFINED BENEFIT PENSION SCHEME
OBLIGATIONS
15
3,624
NET ASSETS
2,396,608
FUNDS
14
Unrestricted funds
TOTAL FUNDS		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-		 31.3.24
Total
funds
£
-
2,316,856
2,316,856
43,445
69,912
113,357
(37,229)
76,128
2,392,984
3,624
2,396,608
2,396,608
2,396,608		 31.3.23
Total
funds
£
-
1,977,350
1,977,350
43,445
25,670
69,115
(19,229)
49,886
2,027,236
(201,091)
1,826,145
1,826,145
1,826,145

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

.............................................

K W McGlashan - Trustee

The notes form part of these financial statements

Page 8

North Huyton Communities Future

Notes to the Financial Statements for the Year Ended 31 March 2024

1. COMPANY INFORMATION

North Huyton Communities Future ("the company" is a private company limited by guarantee incorporated in England and Wales. The company's registered number and registered office can be found on the Report of the Trustees.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

Going concern

The trustees have considered the likely level of income and expenditure for the foreseeable future. The Trustees are satisfied that the charity can meet its obligations as and when they fall due. accordingly, the going concern basis of preparation is appropriate for these financial statements.

Critical accounting judgements and key sources of estimation uncertainty

Defined benefit pension scheme obligations

Admission was ceased for the Local Government Pension Scheme on 31 March 2021. The present value of the Local Government Pension Scheme defined benefit scheme depends on a number of factors that are determined on an actuarial basis using a variety of assumptions. The assumptions used in determining the net costs (income ) for pensions include the discount rate. Any changes in this assumptions disclosed in note 15, will impact the carrying amount of the pension liability. Furthermore a roll forward approach which projects results from the latest full actuarial valuation performed at 31 March 2019 has been used by the actuary in valuing the pension liability at 31 March 2021. Any differences between the figures derived from the roll forward approach and a full actuarial valuation would impact on the carrying amount of the pension liability.

Revaluation of investment properties

The charity carries its investment properties at fair value, with changes in fair value being recognised in the Statement of Financial Activities. The charity uses external professional advisors to determine the fair value. The charity's investment properties were revalued by the trustees at the balance sheet date in reference to the external valuation.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Income from Government grants comprises grants received under the Local Business Support Scheme. Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the company has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

continued...

Page 9

North Huyton Communities Future

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in 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 that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Tangible fixed assets

Fixed assets acquired for the purpose of management and administration are calculated at cost, and depreciation is provided at the following rates, rates calculated to write off the cost of such assets over their expected useful lives.

Fixtures, fittings and office equipment 20% straight line basis

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Pension costs and other post-retirement benefits

The company operates a defined benefit pension scheme.

Legal status of the charity

The Charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

Financial Instruments

Basic financial assets, which include other debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including other creditors and pension creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debit instrument is measured at the present value of the future payments discounted at a market rate of interest.

continued...

Page 10

North Huyton Communities Future

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

3.
DONATIONS AND LEGACIES
Revive income
4.
INVESTMENT INCOME
Rents received
5.
CHARITABLE ACTIVITIES COSTS
General charitable purpose
Governance costs
6.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Auditors' remuneration		 Direct
Costs
£
369,051
-
369,051		 31.3.24
£
915,929
31.3.24
£
42,785
Support
costs
£
-
19,200
19,200
31.3.24
£
19,200		 31.3.23
£
59,613
31.3.23
£
59,228
Totals
£
369,051
19,200		 31.3.23
£
59,228
388,251
31.3.23
£
23,200

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

continued...

Page 11

North Huyton Communities Future

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

8.
STAFF COSTS
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Average monthly number of employees
No employees received emoluments in excess of £60,000.
9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
59,613
Investment income
59,228
Total
118,841
EXPENDITURE ON
Charitable activities
General charitable purpose
320,614
Governance costs
23,200
Total
343,814
NET INCOME/(EXPENDITURE)
(224,973)
RECONCILIATION OF FUNDS
Total funds brought forward
2,051,118
TOTAL FUNDS CARRIED FORWARD
1,826,145		 31.3.24
£
39,327
4,596
1,777
45,700
31.3.24
1
Restricted
fund
£
-
-
-
-
-
-
-
-
-

continued...

Page 12

North Huyton Communities Future

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

10. TANGIBLE FIXED ASSETS

COST
At 1 April 2023 and 31 March 2024
DEPRECIATION
At 1 April 2023 and 31 March 2024
NET BOOK VALUE
At 31 March 2024
At 31 March 2023
11.
INVESTMENT PROPERTY
FAIR VALUE
At 1 April 2023
Additions
At 31 March 2024
NET BOOK VALUE
At 31 March 2024
At 31 March 2023		 Fixtures
and
fittings
£
32,040
32,040
-
-
£
1,977,350
339,506
2,316,856
2,316,856
1,977,350

The investment properties were valued on an open market basis in August 2022 by Bryan Gaskill Properties Limited

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Other debtors 43,445 43,445

continued...

Page 13

North Huyton Communities Future

Notes to the Financial Statements-continued
for the Year Ended 31 March 2024
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
Pension creditor
Accrued expenses
14.
MOVEMENT IN FUNDS
At 1.4.23
£
Unrestricted funds
General fund
1,826,145
TOTAL FUNDS
1,826,145
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
958,714
TOTAL FUNDS
958,714
Comparatives for movement in funds
At 1.4.22
£
Unrestricted funds
General fund
2,051,118
TOTAL FUNDS
2,051,118		 31.3.24
£
4,985
1,244
31,000
37,229
Net
movement
in funds
£
570,463
570,463
Resources
expended
£
(388,251)
(388,251)
Net
movement
in funds
£
(224,973)
(224,973)		 31.3.23
£
4,985
1,244
13,000
19,229
At 31.3.24
£
2,396,608		 31.3.23
£
4,985
1,244
13,000
19,229
2,396,608
Movement
in funds
£
570,463
570,463
At 31.3.23
£
1,826,145
1,826,145

continued...

Page 14

North Huyton Communities Future

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

14. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 118,841 (343,814) (224,973)
TOTAL FUNDS 118,841 (343,814) (224,973)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 At 1.4.22
£
2,051,118
2,051,118		 Net
movement
in funds
£
345,490
345,490		 At 31.3.24
£
2,396,608
2,396,608

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 1,077,555 (732,065) 345,490
TOTAL FUNDS 1,077,555 (732,065) 345,490

15. EMPLOYEE BENEFIT OBLIGATIONS

The company participated in the Merseyside Pension Fund which is a multi-employer scheme and is part of the Local Government Pension Scheme in England and Wales. This is a defined benefit pension scheme for qualifying employes and the benefits were set in line with Local Government Pension Scheme Regulations. Benefits varied depending on the employee's joining date and length of participation in the Fund.

The company made a contribution of £520,000 and £200,000 under part 64(5) of the LGPS regulations to exit the pension scheme in March 2022 and October 2022 respectively.

The company made a final deficit payment on the 6th June 2023 for the value of £204,715.

Page 15

continued...

North Huyton Communities Future

Notes to the Financial Statements - continued

for the Year Ended 31 March 2024

16. OTHER FINANCIAL COMMITMENTS

A charge over the land at Seel Road, Huyton is held by Knowsley Metropolitan Borough Council dated 13 December 2012.

A further fixed charge over a bank account is held by Wirral Borough Council dated 9 July 2014.

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

Page 16

North Huyton Communities Future

Detailed Statement of Financial Activities for the Year Ended 31 March 2024

INCOME AND ENDOWMENTS
Donations and legacies
Revive income
Investment income
Rents received
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Insurance
Telephone
Postage and stationery
Community participation
Thematics
Community Anchor Grants
Community Building Grants
Other miscellaneous expenses
Legal & Professional fees
Support costs
Governance costs
Auditors' remuneration
Total resources expended
Net income/(expenditure)		 31.3.24
£
915,929
42,785
958,714
39,327
4,596
1,777
14,144
3,443
2,347
14,710
101,037
84,714
55,095
725
47,136
369,051
19,200
388,251
570,463		 31.3.23
£
59,613
59,228
118,841
41,561
4,645
1,033
13,342
3,520
2,274
16,590
40,360
100,000
57,789
2,086
37,414
320,614
23,200
343,814
(224,973)

This page does not form part of the statutory financial statements

Page 17