Registered charity number 1158360
Fallowfield Library & Community Resource Centre
Financial Statements
for the year ended 31st March 2023
Doc ID.. 8e593(M663b30961dda51888ad71c401b8f489bb

Fallowfield Library & Community Resource Centre Report of the trustees
for the year ended 31 March 2023
The trustees present their report and unaudited financial statements for the year ended 31st March
2023.
Reference and Administrative Information
Charity name..
Fallowfield Library & Community Resource Centre
other name by which it is known:
The Place at Platt Lane
Charity Registration Number:
1158360
Registered Office:
The Place at Platt Lane
Fallowfield Library {Ground Floor)
Platt Lane
Fallowfield
Manchester
M14 7FB
Trustees
Trustee Name
Samantha Barber
stuart Lynd
Zoe Goddard
Kamalpreet Kaur
Susanne Martikke
Thomas Williams
Shuab Gamote
Ali 11 as
Office
Chair
Treasurer
Ifan
Dates acted
01104122 to 31103123
01104122 to 31
03123
01104122 to 31103123
10108121 to 31
03/23
01]04122 to 31103123
10108121 to 31103123
01104/22 to 31
03123
15
io
22to31
03
23
Prlnclpal Staff
Robert Willis {Centre Development & Partnership Manager) April to September 2022
Lesley Brereton {Centre Development & Partnership Manager) September 2022 to April 2023
Lil Luckham (Support Assistant) Part Time
Independent Examiner
Paul Cowham FCA DChA
Green Fish Resource Centre
46 - 50 Oldham Street
Manchester
M4 ILE
Doc ID.. 8e593(M663b30961dda51888ad71c401b8f489bb

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                                                

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 



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  

##  

    

   

##  

  

##  

           

     

     

       

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!  

 



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  

                  

                                

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  

##  

##  

-    

-    

-   

-     

-  

  

##  

       

      

! 

! 

 

 



! 

  

##  

 

  

-   

-     

-     

-      

-   

-      

-    

-     ~~~~  

-        

! 

!  

 



!   

      

 

 

 

   

   

 

               

! 

!  

 



  

      

      

      

   

    


 

 

     

  

  

 


 

 



Independent Examiner's Report to the trustees of
Fallowfield Library & Community Resource Centre
I report to the trustees on my examination of the accounts of Fallowfield Library & Community
Resource Centre (the Trust) for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011
Act and in carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under section 145(5){b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no materlal matters have come to my attentlon in
connection with the examinalion giving me cause to believe that in any material respect:
accountlng records were not kept in respect of the Trust as required by sectlon 130 of the
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable ￿qUirementS concerning the form and
content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other
than any requirement that the accounts give a 'trve and fair view which is not a matter
considered as part of an independent examination.
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.
Pa4d 60￿AQ4H
Paul Cowham MA FCA DChA
Green Fish Resource Centre
46 - 50 Oldham Street
Manchester
M4 ILE
251anuary 2024
Date.........................
Doc ID.. 8e593(M663b30961dda51888ad71c401b8f489bb

Fallowfield Library & Community Resource Centre
Statement of Financial Activities
(including Income and Expenditure account)
for the year ended 31 March 2023
Unrestricted
funds
Restricted
funds
Total funds
2023
Total fund5
2022
Note
Income
Donations and legacies
22,178
22,178
22,419
Charitable activities
62,631
42,002
104,633
96,381
Fees and other income
Investments
Total income
84,809
42,002
126,811
118,800
Expenditure
Charitable actlvltles
129,198
27,574
156,772
105,970
Total expendlture
129,198
27,574
156,772
105,970
Net Income/(expendlture) for the
year
(44,389)
14,428
(29,961)
12,830
Transfer between funds
Net movement In funds for the year
{44,389)
14,428
(29,961)
12,830
Reconciliation of funds
Total funds brought forward
142,057
142,057
129,227
Total funds carrled forward
97,668
14,428
112,096
142,057
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
io
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Fallowfield Library & Community Resource Centre
Balance sheet as at 31 March 2023
Note
2023
2022
Fixed assets
Tangible assets
12
18,928
21,550
Total fixed assets
18,928
21,550
Current assets
Debtors
Cash at bank and in hand
13
660
142,946
3,510
167,414
Total current assets
143,606
170,924
Liabilities
Creditors.. amounts falling
due in less than one year
14
(50,438)
(50,417)
Net current assets/(liabilities)
93,168
120,507
Total assets less current Ilabllltles
112,096
142,057
Net assets
112,096
142,057
Funds of the charlty
Restricted income funds
Unrestrlcted income funds
15
32,536
79,560
18,108
123,949
16
Total charlty funds
112,096
142,057
The notes on pages 12 to 20 form part of these accounts.
2211124
Approved by the trustees on
and signed on their behalf by:
Stuart Lynd
Name
Signed
li
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Fallowfield Library & Community Resource Centre
Notes to the accounts for the year ended 31 March 2023
Accounting policies
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in
the preparation of the financial statements are as follows:
a Basis of preparation
The financial statements have been prepared in accordance with 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 l January 2015) (Charities SORP {FRS 102)), the Financial Reporting
standard applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006.
The charity has applied Update Bulletin l as published on 2 February 2016 and does not include
a cash flow statement on the grounds that it Is applying FRS 102 section IA.
Fallowfield Library & Community Resource cent￿ meets the definition of a public benefit entity
under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value
unless otherwise stated in the relevant accounting policy note.
b Reconciliatlon wlth prevlous Generally Accepted Accountlng Prartlce
In preparing the accounts, the trustees have considered whether in applying the accounting
policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparatlve
Items was requi￿d. No such ￿Staternent was required.
c Preparatlon of the accounts on a golng concern basls
The trustees consider that there are no material uncertainties about the charity's ability to
continue as a going concern. The activities of the charity have been impacfed post year end by
to the Covid 19 pandemic, for example room hire income has been greatly reduced. However
the charity has been successful in attrarting additional grant income post year end and also has
a healthv level of reserves,
There are no key judgments which the trustees have made which have a significant effect on the
accounts.
The trustees do not consider that there a￿ any sources of estimation uncertainty at the
reporting date that have a significant risk of causing a material adjustment to the carrying
amount of assets and liabilities within the next reporting period.
12
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Fallowfield Library & Community Resource Centre
Notes to the accounts for the year ended 31 March 2023 (continued)
d Income
Income is recognised when the charity has entitlement to the funds, any performance conditions
attached to the item(s) of income have been met. it is probable that the income will be received
and the amount can be measured reliably.
Income from government and other grants. whether 'capital' grants or 'revenue' grants, is
recognised when the charity 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.
Income received in advance of a provlslon of a specified servlce is deferred until the crlteria for
income recognition are met.
e Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity
has control over the item, any conditions associated with the donated item have been met, the
receipt of economic benefit from the use by the charity of the item is probable and that
economlc benefit can be measured reliably. In accordance with the Charities SORP (FRS 102),
general volunteer time is not recognised; refer to the trustees, annual report for more
information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of
the value of the gift to the charity which is the amount the charity would have been willing to
pay to obtain services or facilities of equivalent economic benefit on the open market;
corresponding amount Is then recognlsed In expenditure In the perlod of recelpt.
f Interest recelvable
Interest on funds held on deposit Is Included when receivable and the amount can be measured
reliably by the charity; this is normally upon notification of the interest paid or payable by the
Bank,
g Fund accounting
Unrestricted funds are available to spend on activities that fvrther any of the purposes of
charitv.
Designated funds are unrestricted funds of the charity which the trustees have decided at their
discretion to set aside to use for a sDecific DufDOSe.
Restricted funds a￿ donations which the donor has specified are to be solely used for particular
areas of the charity's work or for specific projects being undertaken by the charity.
13
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Fallowfield Library & Community Resource Centre
Notes to the accounts for the year ended 31 March 2023 (continued)
h Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to
a third party, it is probable that settlement will be required and the amount of the obligation can
be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was
incurred,
i Tangible fixed assets
Fixed assets are stated at cost less accumulated depreciation. Individual items Costing less than
£500 are not capitalised.
Tangible fixed assets are depreciated on a straight line bas15 over their estimated useful lives as
Asset Category
Annual rate
Leasehold improvements
IOO/o
Office furniture & equipment
20%
l Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount
offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
m Cash at bank and In hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a
short maturity of three months or less from the date of acquisition or opening of the deposit or
similar account.
Credltors and provlslons
Creditors and provisions are recognised where the charity has a present obligation resulting
from a past event that will probably result in the transfer of funds to a third party and the
amount due to settle the obligation can be measured or estimated reliably. Creditors and
provisions are normally recognised at their settlement amount after allowlng for any trade
discounts due.
o Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic
financial instruments. Basic financial instruments are initially recognised at transaction value
and subsequently measured at their settlement value with the exception of bank loans which are
subsequently measured at amortlsed cost using the effective interest method.
p Penslons
The charity pays contributions to an employee's own scheme which is a Qualifying Workplace
Pension Scheme (QWPS).
14
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Fallowfield Library & Community Resource Centre
Notes to the accounts for the year ended 31 March 2023 (continued)
Legal status of the charity
The charity is a Charitable Incorporated Organisation (CIO), registration number 1158360.
Income from donations and legacies
Unrestricted Restricted Total 2023 Unrestricted Restricted Total 2022
In kind income from
One Manchester,
centre manager
other donations
22,078
loo
22,078
loo
22.264
155
22,264
155
Total
22,178
22,178
22,419
22,419
Income from charltable activities
Unrestricted Restricted Total 2023 Unrestricted Restricted Total 2022
Grants
Ambition for Aging
B&Q Foundation
The Big Life
Company
Covid Recovery
Fund
Forever
Manchester
GMMH Holiday
Hunger
GMMH Wellbelng
GMP Aris
MACC Ltd -
Volunteer funding
MCC - Finance
Shared Service
Centre
One Manchester
MCC Work and
skills team
Power to Change
Travis Perkins
Legacy Fund
Whalley Range
Community Forum
Grants no greater
than £500
500
soo
4,300
4,300
1,499
1,499
17,250
17,250
17,250
17,250
960
960
150
2,975
150
2,975
1,471
1,471
800
800
20,520
20,520
9,981
34,245
3,000
37,245
9,981
7,500
7,500
20,000
20,000
3,991
3,991
800
800
10,650
10,650
5,325
5,325
1,750
1,750
Fees from
Room hire
other feeslincome
22,725
1,236
22,725
1.236
11,780
356
11,780
356
Total
62,631
42,002
104,633
71,706
24,675
96,381
15
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Fallowfield Library & Community Resource Centre
Notes to the accounts for the year ended 31 March 2023 (continued)
Investment income
Unrestricted Restricted
2023
Unrestricted Restricted
2022
Income from bank
deposits
All of the charity's investment income arise5 from money held in interest bearing deposit accounts.
All investment income is unrestricted.
Analysls of expendlture on charltable artlvltles
Total 2023 Total 2022
Running the library and community resource centre (charitable activity)
In kind centre manager salary and on costs
Project/events cost
Depreciation
Repairs and renewals and equipment
Insurance
IT & social media costs
Professional services
Service charge
General office costs
Training costs
Travel and subsistence
Volunteer expenses
Wages and salaries
Other costs
Other governance costs
Independent examination & accountancy
22,078
33,314
4,560
649
1,025
22,264
11,126
4,193
2,886
1,003
959
3,287
49,538
685
2,780
220
35
36,656
1,045
27,489
896
437
33,159
708
900
850
156,772
105,970
2023
2022
Restricted expenditure
Unrestricted expenditure
27,574
129,198
9,567
96,403
156,772
105,970
16
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Fallowfield Library & Community Resource Centre
Notes to the accounts for the year ended 31 March 2023 (continued)
Net income/{expenditure) for the year
This is stated after charging/{crediting):
2023
2022
Amortisation of intangible assets
Independent examiner's remuneration
accountancy
independent examination
Quickbooks support
4,560
4,193
450
450
400
450
staff costs
The charity one employee during the year. Management was provided by the trustees who received
no remuneration.
Staff costs during the year We￿ as follows:
2023
2022
Wages and salaries
Social security costs
Employers pension contributions
Staff expenses and training
33,494
28,829
2,117
2,185
28
135
33,629
33,159
Some of these costs are "in kind" costs. The Centre Development and Partnership Manager is an
employee of One Manchester Housing Trust (an independent organisation). 500/0 of the costs of this
individual were donated by One Manchester in the year (2022., 50%). The costs of the other
employee of the charity included in the above figure were £1 1,416 (2022: £10, 1321.
No employee has employee benefits in excess of £60,000 (2022: Nil).
The average number of staff employed during the period was l (2022: 1).
The average full time equivalent number of staff employed during the period was 0.3 {2022'. 0.3. )
The key management personnel of the charity comprise the trustees and the Centre Development
and Partnership Manager who is not employed by the charity. The total employee benefits of the
key management personnel of the charity were £44,156 (2022: £44,156).
Trustee remuneratlon and expenses, and related party transactlons
One trustee received remuneration for services to the charity of £1,415 {2022'. £735) on the year.
This was approved by the trustees. One trustee received any reimbursed travel and website hosting
expenses during the year of £196.89 {2022: Nil).
Aggregate donations from related parties were £nil (2022: £nil).
There are no donations from related parties which are outside the normal course of business and no
restricted donations from related parties.
No trustee or other person related to the charity had any personal interest in any contract or
transaction entered into by the charity, including guarantees, during the year (2022.. nil).
17
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Fallowfield Library & Community Resource Centre
Notes to the accounts for the year ended 31 March 2023 (continued)
10 Government grants
No government grants were received during the year or during the previous year.
11 Corporatlon tax
The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the
Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the
extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
12 Fixed assets: tangible assets
Leasehold Computers
Improvements & software
Fixtures &
fittings
Cost
Total
At l Aprll 2022
Additions
Disposals
37,190
2,669
1,938
39,859
1,938
At 31 March
37,190
4,607
41,797
Depreclatlon
At l Aprll 2022
Charge for the year
Disposals
16,735
3,719
1,574
841
18,309
4,560
At 31 March 2023
20,454
2,415
22,869
Net book value
At 31 March 2023
16,736
2,192
18,928
At 31 March 2022
20,455
1,095
21,550
18
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Fallowfield Library & Community Resource Centre
Notes to the accounts for the year ended 31 March 2023 (continued)
13 Debtors
2023
2022
Trade debtors
Other debtors
660
3,510
660
3,510
14 Creditors: amounts falllng due within one year
2023
2022
Accruals
Deferred income
50,438
50.417
50,438
50,417
15 Analysls of movement In restrlcted funds
Balance at
l April
2022
Llalance at
31 March
2023
Income
Expenditure Transfers
Ambition for Aging
Aris funding
B&Q Foundation
Covid Recovery Fund
Friends of Fallowfield - defib
GMMH Wellbeing
MCC Micro Grant
MCC - Finance Shared Servlce
Centre NIF
Travis Perklns Legacy Fund
Volunteers Funding
Winter wellbeing fund
1,471
4,300
17,250
250
1,499
(1,361)
iio
4,300
13,450
13,250
(17,050)
(250)
{2,426)
1,300
2,758
373
2,758
800
1,680
800
14,752
2,480
473
8,592
(327)
(6, 160)
18,108
42,002
(27,574)
32,536
19
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Fallowfield Library & Community Resource Centre
Notes to the accounts for the year ended 31 March 2023 (continued)
15 Analysis of movement in restrirted funds (continued)
Previous
reporting
Deriod
Balance at
l April
2021
Balance at
31 March
2022
Income
Expenditure Transfers
Ambition for Aging
Covid Recovery Fund
GMMH Hunger Holiday
GMMH Wellbeing
MCC Micro Grant
MCC - Finance Shared Service
Travi5 Perkin5 Legacy Fund
500
17,250
150
2,975
(500)
(4,000)
(150)
(1,675)
(242)
{3,000)
13,250
1,300
2,758
3,000
3,000
800
800
3,000
24,675
(9,567)
18,108
I ne Ddl¢ince¥ on resLricieu iunu¥ <1re <111 unexpenueu grtinls ior Lne cndfiLy s pfuJeLLS. I f¢1nsiers
from restricted funds occur when capital items are purchased and this satisfies the ￿$trictl0n on
the funding.
16 Analysls of movement In unrestrlcted funds
Balance at
l April
2022
Asat31
Expenditure Transfers March 2023
Income
General fund
Designated
fixed assets
Building
repalr fund
87,399
84,809
(124,638)
13,062
60,632
21,550
{4,560)
1,938
18,928
15,000
(15,000>
123,949
84,809
(124,638)
79,560
20
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Fallowfield Library & Community Resource Centre
Notes to the accounts for the year ended 31 March 2023 (continued)
16 Analysis of movement in unrestrirted funds (continued)
Previous
reporting
period
Balance at
l April
2021
Balance as
at 31 March
2022
Income
Expenditure Transfers
General fund
Designated
fixed assets
Bulldlng repalr fund
101,553
93,056
(92,210) { 15,000)
87,399
24,674
1,069
(4,193)
21,550
15,000
15,000
126,227
94,125
(96,403)
123,949
Designated fund
Fixed assets
These funds represent the net book valve of fixed assets which are not considered
to be Dart of free reserves
Bulldlng repair Thls is money earmarked to cover future repalrs to the building.
fund
17 Analysls of net assets between funds
General
fund
Designated Restricted
funds
funds
Total
Tanglble flxed assets
Net current assets1(liabilities)
18,928
74,240
18,928
93,168
18,928
Total
93,168
18,928
112,096
21
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