Company registration number: CE016763 Charity registration number: 1182385
High Hopes for Halliwell-Being
(A company limited by share capital)
Annual Report and Financial Statements
for the Year Ended 31 December 2021
| Reference and Administrative Details | 1 |
|---|---|
| Strategic Report | 2 |
| Trustees' Report | 3 to 6 |
| Accountants' Report | 7 |
| Statement of Financial Activities | 8 to 9 |
| Balance Sheet | 10 to 12 |
| Notes to the Financial Statements | 13 to 21 |
Graham Darcy Gilian Hamilton 1182385 CE016763 The charity is incorporated in England. St Pauls Community Centre Halliwell Road Bolton BL1 8BP Jackson Accounts & Book Keeping Services Ltd The White House Suite 16 42-44 Chorley New Road Bolton Lancashire BL1 4AP
Page 1
The trustees, who are directors for the purposes of company law, present their strategic report for the year ended 31 December 2021, in compliance with s414C of the Companies Act 2006.
The strategic report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Sharman Scott Trustee
......................................... Gilian Hamilton Company secretary and trustee
......................................... Rodger Petch Trustee
......................................... Elizabeth Bomber Trustee
......................................... Susan Pilling Trustee
......................................... Graham Darcy Chairman and trustee
Page 2
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 December 2021.
The objectives of the charity are to benefit the residents of Halliwell, Crompton and the surrounding area without distinction of sex, sexual orientation, race, political, religious or other opinions, by associating together the said residents and the local authoities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for the residents.
Its primary purpose is to carry out various activities in the Halliwell area of Bolton, focusing on maximising the use of St Paul's Community Centre for the purposes of education and provide facilities in the interest of social welfare.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Sharman Scott Gilian Hamilton Rodger Petch Elizabeth Bomber Susan Pilling Graham Darcy Chairman: Graham Darcy Secretary: Gilian Hamilton
Page 3
The charity was established as a Charitable Incorporated Organisation (CIO) and is governed by its constitution dated 24th July 2018. It immediately applied to be registered with the Charity Commission, but due to delays in registering new CIO the formal registration as Charity number 1182385 became effective 8th March 2019.
The Trustees are either elected or nominated. Elected Trustees are appointed by the members in accordance with the constitution. Nominated Trustees are appointed by one of the Appointing Bodies, as listed on Page 1. The current Trustees are listed on Page 1. The minimum number of trustees is one and maximum number is six. At each AGM one-third of the Trustees must retire and are eligible for re-appointment by members. The retiring Trustee shall be those having served the longest period in their current term, if more than one-third has served for the same length of time this should be decided by the lot.
The curent Trustees were selected on the basis that they were committed to the concept of the CIO and have an appropriate range of skills to ensure that the charity can develop. The Trustees are committed to developing appropriate policies for Trustee recruitment, induction and continuing training. In the meantime, information regarding governance and suitable training oppurtunities is forwarded to Trustees and a budet is made available to fund specific training oppurtunities that might arise and to pay for external advice where there is a gap in Trustees expertise.
The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
Page 4
The trustees (who are also the directors of High Hopes for Halliwell-Being for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and 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.
Page 5
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Sharman Scott Trustee
......................................... Gilian Hamilton Company secretary and trustee
......................................... Rodger Petch Trustee
......................................... Elizabeth Bomber Trustee
......................................... Susan Pilling Trustee
......................................... Graham Darcy Chairman and trustee
Page 6
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of High Hopes for Halliwell-Being for the year ended 31 December 2021 as set out on pages 8 to 21 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Accounting Technicians AAT), we are subject to its ethical and other professional requirements which are detailed at https://www.aat.org.uk/membership/standards-requirements/professional-ethics].
This report is made solely to the Board of Directors of High Hopes for Halliwell-Being, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of High Hopes for Halliwell-Being and state those matters that we have agreed to state to the Board of Directors of High Hopes for Halliwell-Being. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than High Hopes for Halliwell-Being and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that High Hopes for Halliwell-Being has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of High Hopes for Halliwell-Being. You consider that High Hopes for Halliwell-Being is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of High Hopes for Halliwell-Being. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Jackson Accounts & Book Keeping Services Ltd The White House Suite 16 42-44 Chorley New Road Bolton Lancashire BL1 4AP Date:.............................
Page 7
| Grants 3 Donations & fundraising 4 Investment income 5 Rental income 6 Total income Charitable activities 8 Total expenditure Net income/(expenditure) Transfers between funds Net movement in funds Total funds brought forward Total funds carried forward 12 Grants 3 Donations & fundraising 4 Rental income 6 Total income |
17,744 10,825 5 16,882 45,456 (15,872) (15,872) 29,584 (91) 29,493 13,337 42,830 13,264 3,107 8,506 24,877 |
39,887 - - - 39,887 (42,795) (42,795) (2,908) - (2,908) 24,698 21,790 19,364 - - 19,364 |
57,631 10,825 5 16,882 |
|---|---|---|---|
| 85,343 | |||
| (58,667) | |||
| (58,667) | |||
| 26,676 (91) |
|||
| 26,585 38,035 |
|||
| 64,620 | |||
| 32,628 3,107 8,506 |
|||
| 44,241 |
The notes on pages 13 to 21 form an integral part of these financial statements. Page 8
| Charitable activities 8 Total expenditure Net income/(expenditure) Net movement in funds Total funds brought forward Total funds carried forward 12 |
(19,037) (19,037) 5,840 5,840 7,497 13,337 |
(25,431) (25,431) (6,067) (6,067) 30,765 24,698 |
(44,468) |
|---|---|---|---|
| (44,468) | |||
| (227) | |||
| (227) 38,262 |
|||
| 38,035 |
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2020 is shown in note 12.
The notes on pages 13 to 21 form an integral part of these financial statements. Page 9
| Cash at bank and in hand 10 11 Restricted funds Unrestricted funds 12 |
67,796 (3,176) 64,620 21,790 42,830 64,620 |
42,201 (4,166) |
|---|---|---|
| 38,035 | ||
| 24,698 13,337 |
||
| 38,035 |
For the financial year ending 31 December 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
For the financial year ending 31 December 2021 the charity was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies.
Directors' responsibilities:
The notes on pages 13 to 21 form an integral part of these financial statements. Page 10
-
The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
For the financial year ending 31 December 2021 the charity was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
-
The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The notes on pages 13 to 21 form an integral part of these financial statements. Page 11
The financial statements on pages 8 to 21 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
......................................... Sharman Scott Trustee
......................................... Gilian Hamilton Company secretary and trustee
......................................... Rodger Petch Trustee
......................................... Elizabeth Bomber Trustee
......................................... Susan Pilling Trustee
......................................... Graham Darcy Chairman and trustee
The notes on pages 13 to 21 form an integral part of these financial statements. Page 12
The charity is limited by share capital, incorporated in England. The address of its registered office is: St Pauls Community Centre Halliwell Road Bolton BL1 8BP
Authorised for issue date
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
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)) (issued in October 2019) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
High Hopes for Halliwell-Being meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Page 13
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Page 14
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Page 15
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of �nancial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.
Page 16
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
| Grants, including capital grants; Grants from other charities |
1,710 1,710 8,064 |
16,034 16,034 5,200 2,145 2,145 2,457 |
39,887 39,887 19,364 8,680 8,680 650 |
57,631 |
|---|---|---|---|---|
| 57,631 | ||||
| 32,628 | ||||
| 10,825 | ||||
| 10,825 | ||||
| 3,107 |
Page 17
| Interest receivable and similar income; Interest receivable on bank deposits Rental income |
5 5 16,882 16,882 8,506 |
5 |
|---|---|---|
| 5 | ||
| 16,882 | ||
| 16,882 | ||
| 8,506 |
| Allocated support costs |
1,321 3,645 |
14,551 15,392 |
42,795 25,431 |
58,667 |
|---|---|---|---|---|
| 44,468 |
Page 18
The charity is a registered charity and is therefore exempt from taxation.
| Cash at bank Accruals General Designated |
12,637 700 13,337 24,698 38,035 |
41,601 3,855 45,456 39,887 85,343 |
(14,551) (1,321) (15,872) (42,795) (58,667) |
67,796 3,176 - (91) (91) - (91) |
42,201 | ||
|---|---|---|---|---|---|---|---|
| 4,166 | |||||||
| 39,687 3,143 |
|||||||
| 42,830 21,790 |
|||||||
| 64,620 |
Page 19
| General Designated Current assets Current assets |
5,546 1,951 7,497 30,765 38,262 |
14,356 10,521 24,877 19,364 44,241 |
(15,392) (3,645) (19,037) (25,431) (44,468) |
(15,392) (3,645) (19,037) (25,431) (44,468) |
(63) 63 - - - 67,796 42,201 |
(63) 63 - - - 67,796 42,201 |
4,447 8,890 |
|---|---|---|---|---|---|---|---|
| - - |
13,337 24,698 |
||||||
| - | 38,035 | ||||||
| 67,796 42,201 |
67,796 | ||||||
| 42,201 |
Page 20
| Cash at bank and in hand Net debt Net debt |
42,201 42,201 |
(42,201) (42,201) - |
- |
|---|---|---|---|
| - | |||
| - |
Page 21
| Grants Donations & fundraising Investment income Rental income Total income Charitable activities Total expenditure Net income Transfers between funds Net movement in funds Total funds brought forward Total funds carried forward |
17,744 10,825 5 16,882 45,456 (15,872) (15,872) 29,584 (91) 29,493 13,337 42,830 |
13,264 3,107 - 8,506 |
|---|---|---|
| 24,877 | ||
| (19,037) | ||
| (19,037) | ||
| 5,840 - |
||
| 5,840 7,497 |
||
| 13,337 |
This page does not form part of the statutory financial statements. Page 22
| Grants Total income Charitable activities Total expenditure Net expenditure Net movement in funds Total funds brought forward Total funds carried forward |
39,887 39,887 (42,795) (42,795) (2,908) (2,908) 24,698 21,790 |
19,364 |
|---|---|---|
| 19,364 | ||
| (25,431) | ||
| (25,431) | ||
| (6,067) | ||
| (6,067) 30,765 |
||
| 24,698 |
This page does not form part of the statutory financial statements. Page 23
| Grants (analysed below) Donations & fundraising (analysed below) Investment income (analysed below) Rental income (analysed below) Total income Charitable activities (analysed below) Total expenditure Net income/(expenditure) Transfers between funds (analysed below) Net movement in funds Total funds brought forward Total funds carried forward |
57,631 10,825 5 16,882 85,343 (58,667) (58,667) 26,676 (91) 26,585 38,035 64,620 |
32,628 3,107 - 8,506 |
|---|---|---|
| 44,241 | ||
| (44,468) | ||
| (44,468) | ||
| (227) - |
||
| (227) 38,262 |
||
| 38,035 |
This page does not form part of the statutory financial statements. Page 24
| UK Government grants UK Government grants UK Government grants Grants - other agencies Donated services Donated services Interest on cash deposits Rental income Telephone and fax Sundry expenses Legal and professional fees Wages and salaries Wages and salaries Staff pensions (Defined contribution) - pension scheme 1 Staff training Rent Light, heat and power Light, heat and power Insurance |
1,710 36,639 16,034 3,248 57,631 2,145 8,680 10,825 5 5 16,882 16,882 (10) (34) (512) (30,977) - (564) (120) (6,000) (678) (1,583) (164) |
8,064 19,364 5,200 - |
|---|---|---|
| 32,628 | ||
| 2,457 650 |
||
| 3,107 | ||
| - | ||
| - | ||
| 8,506 | ||
| 8,506 | ||
| - - (1,200) (18,250) (8,064) (313) (185) (1,500) (503) (1,599) (419) |
This page does not form part of the statutory financial statements. Page 25
| Insurance Equipment & fixtures Equipment & fixtures Equipment & fixtures Printing, postage and stationery Printing, postage and stationery Cleaning Cleaning Costs relating to charitable activities Costs relating to charitable activities Costs relating to charitable activities Travel and subsistence Advertising Recruitment & payroll admin Recruitment & payroll admin Funds - Transfer from another fund Funds - Transfer from another fund Funds - Transfer from another fund Funds - Transfer to another fund Funds - Transfer to another fund |
(1,267) - (5,159) (1,837) (113) (40) (148) (1,009) (1,321) (4,346) (2,024) (12) (376) (150) (223) (58,667) (91) - (91) - 91 |
(1,251) (3,512) (1,936) (752) (72) (107) (2,255) (641) (133) (1,400) (200) - - (98) (78) |
|---|---|---|
| (44,468) | ||
| - (63) - 63 - |
This page does not form part of the statutory financial statements. Page 26