2022-03-31-accounts - North Halifax Partnership Limited

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		Page
Report ofthe Trustees	1	to	13
Report ofthe independent Auditors	14	to	17
Statement ofFinancial Activities		18
Balance Sheet	19	io	20
Cash Flow Statement		21
Notes to the Cash Flow Statement		22
Notes to the Financial Statements	23	to	30
Detailed Statement ofFinancial Activities	31	to	32

					2022	2021
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes		f.	f,
INCOME AND ENDOWMENTS FROM
Donations and legacies			791,950	2,401	794,351	585,282
Charitable activities
Sure Start Children's Centres			1,874,062	1,098,216	2,972,278	2,896,726
Neighbourhood Management			65,000	216,085	281,085	250,842
Staying Well Project				73,250	73,250	55,000
Investment income			15	795	810	37
Other income						59,617
Total			2,731,027	1,390,747	4,12],774	3,847,504
EXPENDITURE ON
Charitable activities
Sure Start Children's Centres			2,705,881	1,113,579	3,819,460	3,493,768
Neighbourhood Management			30,467	158,370	188,837	245,392
Staying Well Project				57,606	57,606	63,785
Other			15,756		15,756	28,184
Total			2,752,104	1,329,555	4,081,659	3,831,129
NET INCOME/(EXPENDITURE)			(21,077)	61,192	40,115	16,375
Transfers between funds		12	51,087	(51,087)
Net movement in funds			30,010	10,105	40,115	16,375
RECONCILIATION	OF FUNDS
Total funds brought	forward		772,430	40,821	813,251	796,876
TOTAL FUNDS CARRIED FORWARD			802,440	50,926	853,366	813,251

				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	6			f,
FIXEDASSETS
Tangible assets	10	21,936	5,611	27,547	13,]11
CURRENT ASSETS
Cash at bank and in hand		876,848	72,970	949,818	896,817
CREDITORS
Amounts falling due within one year		(96,343)	(27,656)	(123,999)	(96,677)
NET CURRENT ASSETS		780,505	45,314	825,819	800,140
TOTAL ASSETSLESSCURRENT	LIABILITIES	802,441	50,925	853,366	813,251
NET ASSETS		802,441	50,925	853,366	813,251

FUNDS
Unrestricted funds:
General fund		563,150	588,255
Sure Start		177,012	163,430
Holiday Fund			3,158
Community budgets		62,279	17,587
		802,441	772,430
Restricted funds:
Ovenden and Mixenden	Initiative	15	3,654
Ward Forum Grants		13,190	8,507
Staying Well		17,374	11,948
Nursery Education Funding		4,122
Place Based Social Action		16,224	16,712
		50,925	40,821
TOTALFUNDS		853,366	813,251

				2022	2021
			Notes
Cash flows from operating	activities
Cash generated from operations				93,220	58,902
Net cash provided by operating activities				93,220	58,902
Cash flows from investing	activities
Purchase oftangible fixed assets				(40,234)
Interest received				15	37
Net cash (used in)/provided	by investing	activities		(40,219)	37
Change in cash and cash equivalents		in the
reporting period				53,001	58,939
Cash and cash equivalents	at the beginning of
the reporting period				896,817	837,878
Cash and cash equivalents	at the end	ofthe
reporting period				949,818	896,817

RECONCILIATION	RECONCILIATION	OFNET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	OFNET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	OFNET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
				2022	2021
Net income for the	reporting		period (as per the Statement ofFinancial
Activities)				40,115	16,375
Adjustments for:
Depreciation charges				25,798	26,060
Interest received				(15)	(37)
Increase in creditors				27,322	16,504
Net cash provided	by	operations		93,220	58,902

ANALYSIS OFCHANGES IN NET FUNDS
	At 1.4.21	Cash flow	At 31.3.22
Net cash
Cash at bank and in hand	896,817	53,001	949,818
	896,817	53,001	949,818
Total	896,817	53,001	949,818

2.	DONATIO	NS AND LEGACIES
					2022	2021
						f.
	Donations				3,718	3,284
	Childcare	and group fees			790,633	581,998
					794,351	585,282
3.	INVESTMENT INCOME
					2022	2021
	Room hire	income			795
	Deposit account interest				15	37
					810	37
4.	INCOME	FROM CHARITABLE ACTIVITIES
					2022	2021
		Activity
	Grants	Sure Start Children's		Centres	2,972,278	2,896,726
	Grants	Neighbourhood	Management		281,085	250,842
	Grants	Staying Well Project			73,250	55,000
					3,326,613	3,202,568

5.	CHARITABLE AC	TIV	ITIES COSTS
					Support
				Direct	costs (see
				Costs	note 6)	Totalsf
	Sure Start Children's	Centres		3,016,998	802,462	3,819,460
	Neighbourhood Management			188,083	754	188,837
	Staying Well Project			56,976	630	57,606
				3,262,057	803,846	4,065,903
6.	SUPPORT COSTS
					Governance
				Management	costs	Totals
				f,
	Other resources expended				15,756	15,756
	Sure Start Children's	Centres		801,995	467	802,462
	Neighbourhood Management			749	5	754
	Staying Well Project			598	32	630
				803,342	16,260	819,602
7.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is stated after charging/(crediting):
					2022	2021
	Auditors' remuneration				7,440	7,080
	Depreciation - owned	assets			25,798	26,061

				2022	2021
Wages and	salaries			3,191,050	3,133,813
Other pension costs				112,275	109,496
				3,303,325	3,243,309
The average tnonthly		number ofemployees	during the year was as follows:
				2022	2021
Charitable	activities			165	132
Administrative				32	32
Governance				20	16
				217	180

	No employees received emoluments in exce	ss of660,000.
10.	TANGIBLE FIXEDASSETS
		Improvements	Fixtures
		to	and	Cotnputer
		property	fittings	equipment	Totals
	COST
	At 1 April 2021	56,612	22,585	78,802	157,999
	Additions			40,234	40,234
	At 31March 2022	56,612	22,585	119,036	198,233
	DEPRECIATION
	At 1 April 2021	51,640	22,081	71,167	144,888
	Charge foryear	4,972	126	20,700	25,798
	At 31March 2022	56,612	22,207	91,867	170,686
	NET BOOKVALUE
	At 31March 2022		378	. 27,169	27,547
	At 31March 2021	4,972		7,635	13,111

					2022	2021
Trade creditors					88,903	75,086
Accrued expenses					35,096	21,591
					123,999	96,677
MOVEMENT IN	FUNDS
				Net	Transfers
				movement	between	At
			At 1.4.21	in funds	funds	31.3.22
Unrestricted funds
General fund			588,255	(70,102)	44,997	563,150
Sure Start			163,430	14,492	(910)	177,012
Holiday Fund			3,158	(3,158)
Community budgets			17,587	37,692	7,000	62,279
			772,430	(21,076)	51,087	802,441
Restricted funds
Ovenden and Mixenden		Initiative	3,654	37,342	(40,981)	15
Ward Forum Grants			8,507	4,683		13,190
Staying Well			11,948	16,644	(11,218)	17,374
Nursery Education	Funding			(13,167)	17,289	4,122
Place Based Social	Action		16,712	15,689	(16,177)	16,224
			40,821	61,191	(51,087)	50,925
TOTAL FUNDS			813,251	40,115		853,366

		Incoming	Resources	Movement
		resources f	expeuded	in funds f
Unrestricted	funds
General fund		801,253	(871,355)	(70,102)
Sure Start		1,864,773	(1,850,281)	14,492
Holiday Fund			(3 158)	(3,158)
Conununity budgets		65,001	(27,309)	37,692
		2,731,027	(2,752,103)	(21,076)
Restricted funds
Ovenden and	Mixenden Initiative	155,777	(118,435)	37,342
Ward Forum	Grants	20,000	(15,317)	4,683
Staying Well		74,250	(57,606)	16,644
Nursery Education Funding		1,100,412	(1,113,579)	(13,167)
Place Based Social Action		40,308	(24,619)	15,689
		1,390,747	(1,329,556)	61,191
TOTAL FUNDS		4,121,774	(4,081,659)	40,115

			Net	Transfers
			movemeut	between	At
		At 1.4.20	in funds	funds	31.3.21
Unrestricted funds
General fund		711,857	(137,947)	14,345	588,255
Sure Start			163,430		163,430
Holiday Fund		4,558	(1,400)		3,158
Community budgets		21,002	(11,355)	7,940	17,587
		737,417	12,728	22,285	772,430
Restricted funds
Ovenden and Mixenden	Initiative	8,264	6,040	(10,650)	3,654
Ward Fonun Grants		5,223	3,284		8,507
Staying Well		24,616	(8,784)	(3,884)	11,948
Nursery Education Funding			(5,773)	5,773
Project Twelve:31		937		(937)
Isolatioa Fund			7,940	(7,940)
Place Based Social Action		20,419	940	(4,647)	16,712
		59,459	3,647	(22,285)	40,821
TOTAL FUNDS		796,876	16,375		813,251

				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted	funds
General fund				679,435	(817,382)	(137,947)
Sure Start				1,832,677	(1,669,247 )	163,430
Holiday Fund					(1,400)	(1,400)
Conununity budgets					(11,355)	(11,355)
				2,512,112	(2,499,384)	12,728
Restricted funds
Ovenden and	Mixenden		initiative	174,106	(168,066)	6,040
Ward Forum Grants				20,000	(16,716)	3,284
Staying Well				55,001	(63,785)	(8,784)
Nursery Education		Funding		1,029,551	(1,035,324)	(5,773)
Isolation Fund				17,500	(9,560)	7,940
Place Based Social		Action		39,234	(38,294)	940
				1,335,392	(1,331,745)	3,647
TOTALFUNDS				3,847,504	(3,831,129)	16,375

		2022f	2021
INCOME AND ENDOWMENTS
Donations and legacies
Donatious		3,718	3,284
Childcare and group fees		790,633	581,998
		794,351	585482
Investment income
Room hire income		795
Deposit account interest		15	37
		810	37
Charitable activities
Grants		3,326,613	3,202,568
Other income
Insurance settlement			59,617
Total incoming resources		4,121,774	3,847,504
EXPENDITURE
Charitable activities
Wages		2,564,793	2,552,180
Pensions		87,261	89,011
Rates and water		8,296	657
Light and heat		75,859	65,119
Telephone		8,532	8,785
Postage and stationery		24,910	23,977
Advertising		1,815	1,156
Sundries		8,207	3,922
Stafftraining		21,688	15,710
Travel expenses		11,564	5,548
Cleaning and maintenance		154,350	97,135
Health snd safety		3,484	2,942
Cost ofdelivering	services	212,469	124,121
Nursery and group	food	59,463	44,656
Subscriptions and	registration	13,216	9,298
1Tcosts		6,150	5,162
		3,262,057	3,049,379

				2022	2021
Support costs
Management
Wages				626,257	581,633
Pensions				25,014	20,485
hlsuldnce				25,173	22,958
Telephone				16,851	17,016
Postage and stationery				10,044	7,869
Advertising				3,362	680
Sundries				845	353
Subscriptions	and registration			9,970	9,968
IT costs				59,398	61,135
Repairs and maintenance				630
Depreciation	ofimprovements		to property	4,972	4,972
Depreciation	offixtures It	fittings		126	168
Depreciation	ofcomputer	equipment		20,700	20,920
				803,342	748,157
Governance	costs
Auditors' remuneration				7,440	7,080
Legal fees				2,476	23,558
Recruitment				5,236	2,046
Bank charges				1,108	909
				16,260	33,593
Total resources	expended			4,081,659	3,831,129
Net income				40,115	16,375