Company Registration Numbèr.. CE019055
Charity Regi81ralion Number.. 1185603
NEW SPRINGS COMMUNITY PROJECT GROUP
(A CHARITABLE INCORPORATED ORGANISATIONI
ANNUAL REPORT AND FINANCIAL STATEMENTS
31 DECEMBER 2023

Company Flegi8lralion Number.. CE019055
Charity Registration Number, 1185603
NEW SPRINGS COMMUNITY PROJECT GROUP
CONTENTS
Trustees Report
Statement of Financlal A¢livities
Balance Sheet
Notes to the Financia5 Statement

Company R￿l$tratIOn Number.. GEO19055
Gharily Registration Number.. 1185803
NEW SPRINGS COMMUNITY PROJECT GROUP
TRUSTEES, REPORT
The Trustees, who are dlreclors for the purposes ol company law, preserEI the annual report together
with the financial statèments of the charitable company for Ihe year ended 31 December 2023.
ObJe¢tives and activities
Objects and aims
la) To further or benefit the residents on, and surrounding, the Springs estate in the Redv81es Ward of
East Bury. wilhoul distinction of sex, sexual orientation, race, or political, religious or other opinions by
associating together the said resident and local authorities, voluntary and other organisalions in a
common effort lo advance community development and 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.
Ibl To promote other such charitable purposes as may be determlned from tirne to ￿Me.
Public beneflt
The Trustees have considered the Charity Commission's general guidance on public benefit when
reviewing the Trust's aims and objectives and in planning future activities and setting the grant making
policy for the period. The Truslees have, in their view, mel the public benefit requirement by making
granls to individuals and institutions who are abl& lo further the charitys, objectives.
The Trustees confirm that they have complied with the requirements of section 17 of the Charities Acl
2011 to have due regard to the public benefit guidance published by the Charity Commission for
England and Wales.
Reference and Administrative Details
Charity Registration Number,.
Company Registration Number..
1185603
CE019055
The Charity is incorporated in England and Wales
Clo Springs TMC
55 Dorsel Drive
Registered affice-.
Bury
Lancashire
BL9 9DN

Company Registration Number.. CE019055
Charity Registralion Number., 1185603
NEW SPRINGS COMMUNITY PROJECT GROUP
TRUSTEES, REPORT
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows..
Trustees..
SALund
J A Green
J A frost
S Evans
E Horrock8
J McKennife
R Frost
Structure, governance and management
Financial instruments
Objectives and policies
The charity's activities expose it lo a number of financial risks, ir¢cluding credit risk, cash flow risk and
liquidity Trsk. The use of financial derivatives is governed by the charity's policies approved by the
board of Trustees, which provide wrillen principles on the used of financial derivatives lo manage
theses risks. The charity does not Ltse derivative financial instrumen15 for specu18tive purposes.
Cash flow rlsk
The charity's activities expose il primarily lo the financial risks of changes in foreign currency
exchange rates and Interest rates. The charity uses foreign exchange forward contracts and interest
rale swap contracts to hedge theses exposures.
Interest bearing assets 8nd liabilities are held al fixed rate lo ensure certainly of cash flows.
Credit risk
The charity's principle financial assets are bank balances and cash, trade and other receivables, ond
inveslmenls.
The charily's credit risk is primarily allributable lo ils trade receivables. The amounts presented in the
balance sheet are nel of allowances for doubtful receivables. An allowance for impairment is made
when there is an identified loss event which, bases on previous experience, id evidence of a reduction
in the recoverability of the cash flows.
Thg credil risk on liquid funds and derivative financial instruments is limited because Ihe
counterparties are banks wSth high credil~ratings assigned by international credil-raling agencies. The
charity has no significant concentration of credit risk, with exposure spread over a large number of
counterparties and customers.

Company Registration Number.. CE019055
Chartly Registration Number.. 1185603
Liquidity risk
In order to maintain liquidity lo ensure sufficient funds are available for ongoirEg operations and future
developments, the charily uses a mixture of long-term and short-term debt flnance.
Further delails regarding risky liquidity can be found in the statements of accounting policies in the
financial statement.

Company Registration Number,. CE019055
Charlty Reoi31ralion Nurnb8r'. 1185603
NEW SPRINGS COMMUNITY PROJECT GROUP
TRUSTEES, REPORT
statement of trustees, responsibilitles
The trustees (who are also the directors of New Springs Community Project Group for the purposes of
company lawl are responsible for preparing the Iruslees, report 8nd financial slalemenls in
accordan￿ with applicable law and Unil8d Kingdom Accounting Standards (United Kingdon generally
Accepted Accounting Praclicel, including FRS 102 'The Financial Reporting Slandaid applicable in
the UK and Republic of Ireland
Company law requires the trustees to prepare a financia5 slalemenl for each financial year. Under
company law the trustees must not approve the financial stalemenls unless they are 581isfied that they
give a true and Fair view of the slate of affairs of tha charitable company and of the incoming
resources and application ol résources, including ils income and 8xpendilure, of the charitable
company for that period. In preparing Ihese fillancial statements, the Iruslees are required to..
sel8cI suitable accounting polscie8 and apply them consistently.,
observe methods and principles of the Chafbties SORP.,
make jydgemenls and eslimales that are reasonable and prudent..
slate whether applicable accounting standards, comprising FRS 102 have been followed,
subject lo any material departures disclosed and explained in the financial stalemenl,. and
prepare the financial slalements on the going CDncern basis unless il is inappropriate to
presume that the charitable company will continue in business.
The trustees are responsitjle for keeping proper accounting records that can disclose with reasonable
accuracy 81 any lime the financial position of the charitable company and enable them lo ensure that
the financial slalemenls compty with the Companies Act 2006. They are also responsible for the
safeguarding of the assets of the charitable company and hence for taking reasonable steps for the
prevention and detection of fraud and other iryegularilies.
The trustees are responsible for the mainl8nance and integrity of the corporate and financial
information included on the charitable Company's website. Legislation governing the preparatitsn and
dissemination of financial slat8menls may differ from legislation in other jurisdictions.
The annual report was approved by the trustees of the charity on l &.la.4...ao.ILF
And signed on ils b&half by..
SALund
Trusl&e

Cornpany Registration Number.. CE019055
Charity Reg*5tration Number.. 1185603
NEW SPRINGS COMMUNITY PROJECT GROUP
Independent examlner's report to the trusteos of New Sprlngs Communlty Project Group Trust,
I report to the trustees on my examination of the accounts of the N8w Springs Community Project
Group Ithe TrtJst} for the year ended 31 December 2023.
Responsibili118s and basi8 of r8POrt
As the charity Irust8es of the Trusl you are responsible for th8 pr8parabon of the accoun18 in
accordance with the raquirements of the Charities Act 20111'lhe Acl'l.
I report in respect of my oxaminalion ol the Trust's accounts carried out under S. 145 of the 2011 Act
and in carrying out my examination I have followed all the applicable Directions given by the ChaTiIy
Gomrnission under s, 145(5llb} of the Act.
Indepondenl examiner's slalement
I have Completed my examination. I confirm that no material matters have come to my alleFtlion in
connection with the examination giving rne cause lo believe that in any material respect..
111 accounting records were not kept in respect of the Trust as required by section 130 of the Act.,
or
121 the accounts do not accord wllh those records., or
131 the accounts do not comply with the applicable requirèments ¢oncerning the form and conlenl
of accounts $81 out in the Charities (Accounts and Réportsl Regulations 2008 other than any
requirement that the accounts give a 'ltue and fair view which is not a maller considered as
part of an independent examination.
I have no concerns and have come across no other matters in conno¢tion with the examinalKJn lo
which attention should bè drawn in this report in order to enable a propel understanding of th8
accoLinls lo be reached.
Sigrted..
Name..
Date-
cJL4

Company Registration Number. CE019055
Charity Reglslration Number.. 1185603
STATEMENT OF FINACIALACTIVITIES
YEAR ENDED 31 DECEMBER 2023
INCLUDING INCOME AND EXPRENTITURE ACCOUNT AND STATEMENT OF TOTAL
RECOGNISED GAINS AND LOSSES)
Unrestrictod
funds
Restricted
funds
Total
2023
Note
Income 4Dd Endowments from:
Donations and legacies
576
17,003
17,579
Investment Income
827
827
Total Income
Expèndlture On:
Raising funds
Other expenditure
18804
Tol81 èxpenditure
Net expenditure
Transfer behmeen funds
Nel movement in funds
9,95
14,294
24,250
Reetsnciliation of funds:
Total funds brought fotward
23 823
Total funds carried fonward
14
75

Company Registration Number.. CE019055
Charity Registration Number.. 1185603
NEW SPRINGS COMMUNITY PROJECT GROUP
STATEMENT OF FINACIAL ACTIVITIES
YEAR ENDED 31 DECEMBER 2023
(INCLUDING INCOME AND EXPRENTITURE ACCOUNT AND STATEMENT OF TOTAL
RECOGNISED GAINS AND LOSSES}
Unrgstylcted
funds
Restrictad
funds
Total
2022
Income and Endowmènts from:
Denlalions and legacies
2,740
17,419
20,159
Investment Income
278
278
Total 1ncome
Expendltur6 On..
Raising funds
111,2941
111,2941
Other expenditure
Total expenditure
Net 8xpendilure
16,0981
11,3691
17,4671
Transfer beiween funds
Nal movement in funds
(3,1331
14,3341
17.4e7}
Reconclllatlon of funds-
Total funds brought forward
Total funds carried forward
All of the charity'8 activities derive from continuing operatlons during the above two perlods.

Company Registration Number.. CE019055
Chailty Regislralion Number.. 1185603
NEW SPRINGS COMPJIUNITY PROJECT GROUP
BALANCE SHEET
AS AT 31 DECEMBER 2023
IREGISTRATION NUMBER.. CEO1905SI
2023
2022
Fixed assets
Tangible assets
CuTront assets
3,408
4,009
Debtors
Cash al bank and in hand
15,751
21,614
Crodilors- Amounts falllng due withln onè yaor
Nèt assèts
Funds of the Charlty..
Restricted inGom& funds
Restricted lunds
7,304
20,670
UnrestTiftod Income funds
Unreslricled funds
Totsl funds
For the finan¢ial year ending 31 December 2(123 the charity was enliued to exemption from audti under sectson
477 of the Companies Acl 2Q06 relating lo small companies.
Director8. responsibilities
The members have not required the charity lo obtain an audit of Ils accounts for the year In quesllon In
accordance with section 476,. and
The directors acknowledge their responsibilities for complying with the requirements of the Act with
respect lo a¢counling records aRd piepar31ion of aGcounls,
The financial statements page 5- 14 were apprclved by the Tru51ees. and aulhorised for issue orb
lo.IUt..... and signed on their behalf by..
SALund
Trustee

Company Re9iStralion NumbeT'. QE019055
Charity Registration Number.. 1185603
NEW SPRINGS COMMUNITY PROJECT GROUP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OECEMBER 2023
1. Charity Status
The charity is a CIO (Charitable Incorporaled Organisation), incorporated in England and Wales,
and consequently does not have share capital. If the CIO is wound up, the members of the CIO have
no liability to contribute lo its assets and no persornal responsibility for settling its debts and liabilities.
The address of the registered office is..
Clo Springs TMC
55 Dorset Drive
Bury
Lancashire
BL9 9DN
2. A¢¢ounting policie5
Summary of significant accounting policies and key accounting estimates
The principal accounting polictes applied in the preparation of these financial slalements are sel out
below. These policies have be applied consistently to all the years presernted, unless Otherwise
staled.
statement of compliance
The financial statements have been prepared in accordance with Accounting arld ￿porting by
Charities.. Slalemenl of Recotnmended Practi￿ { applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021) (issued in October 20190 - (Charities SORP IFRS 10211, the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 1021 and Companies Acl 2006.
Basis of preparation
New Springs Community Project Group meets the definlllon of public benefit entity under FRS 102.
Assets and liabilities are initially recognised al hislorical cost or transition value unless otherwise
stated in the relevant accountancy policy notes.
Going concern
The Trustees consider that there are no material uncertainties about the charity's ability to continue
as 2 going concern nor any significant areas of uncertainly that affect the carrying value of assets
held by the charity.
Exemption from preparing a cash flow statement.
The charity opted to early adopt Bulletin 1 published February 2016 and have therefore not included
a cashflow statement in these fir¢ancial statements.

Company Regi81ration Number.. CE019055
Charfly Reglstralion Numb8r.' 1185603
NEW SPRINGS COMMUNITY PROJECT GROUP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Income and Endowmenls.
All income is recognised once Ihe charity has enlillement to income. it is possible that the income
will be received and the amount of Income receivable can be measures reliably.
Grants receivable
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 allached lo the grant and are yel
to be met, the income is recognised as a liability and included on the balance sheet as deferred
income lo be releasès.
Expendlture
Ail expenditure is recognised once there is a legal or constructive obligation lo that expenditure. It
is probabty settlement is required and the amount can be measured reliably. All costs are allocated
to the applicable expenditure heading that aggregate similar costs lo that cAlegory. Where costs
cannot be direclw atlribuled lo particular headings they have been allocated on a basis consislenl
with the use of resources.
Raising funds
These are the costs incurred in allracling voluntary income, the management of investments and
those incurred in trading activities that raise funds.
Support costs
Support costs include central functions and have been 811ocaled to activity cost categories on a
basis consistent with the use of resources, for example, allocating property costs by floor area, or
per capila, staff costs by the time spent on other costs by their usage,
Taxatlon
The charity is considertd to pass the tests sel out in paragraph 1 schedule 6 of the Finan￿ Act
2010 and therefore meets Ihe definitlDn of a charitable company for UK corporation tax purposes.
AcGordingly, the charity is potentially exempl from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 201 O or
Section 256 of the Taxation or Chargeable Gains Act 1992, to the extent that such income gains
are applied exclusively to charitable purposes.
Tangible flxed assets
Indwidual fixed assets are initially reGorded at cost, less and subsequent acGumu181ion
depreciation and subseqLJent accumulation impairment losses.

Company Regislratlon Number.. CEO19055
Ch8rity Registration Number.. 1185603
NEW SPRINGS COMMUNITY PROJECT GROUP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost of valuation, less any
eslimaled residual value, over their expected useful economic life as follows..
Depreciation method and rate
250/u straight line
25,￿ straight line
Asset class
Fixtures and fittings
Computer equipment
Trade debtor
Trade debtors are amounts due from customers for merchandise sold or services performed in the
ordinary course of business.
Trade debtors are recognised inillally at the transaction price. They are subsequenlly measuffd at
amortised cost using the effective interest method, less provision for impairment. A provision for
the impairment of trade debtors is established when there is objective evidence that the charity will
not be able lo collect all amounts due according to the original term of the receivable.
Cash and cash equivalents
Cash and cash equivalents comprise on hand and call deposits, and other short-term highty liquid
investments that are readiSy convertible to a known amount of cash and are subject to an
insignificanl risk of charige in value.
Fund structure
Unrestricted income funds are general funds that are available for used at the trustees discretion in
fuTtherance of the objectives of the charilyl
Reslricled income funds are those donated for the use in a particular area or for specific purposes,
the use of which is reslricted to thar area or purpose.
3 Income from donations and legacies
Income 2023
Restricted Grants
14,822
UTrreslricted Grants
Total for 2023
4 Investment Income
Unrest¥icled Funds
811
other
Total for 2023

Company Regislrxtion Number.. CE019056
Chartly Regislratson Number., 1185603
NEW SPRINGS COMMUNITY PROJECT GROUP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
5 Fund Expenditure 2023
Bank
Petty Cash
Total
Reikityoga & Wellbeing Fund
Room Hire Fund
Post COVID Funding
Tenant Donation Expenditure
Chrislmas Fund
LurÉcheon Club Fund
Kitchen Fund
Defibrillator Fund
Ambition for Ageing Fund
Kids Club Fund
Garden Fund
GMCVO Micro Grarbl
Albert Hunt Trust Fund
Bury VGFA Grant Fulld
LMG Fund
COL Grant Fund
GM Fund
1,138.72
6.099.37
1,039.87
2,494.27
153.50
1,120.61
39.93
1,211.00
467.02
2,640.16
492.12
0.00
1,000.00
30.00
163.86
597.01
827.81
0.00
317.93
4.25
0.00
137.96
273.00
3.99
0.00
0.00
2,131.05
1,493.04
9.45
0.00
241.58
0.00
121.91
0.00
1,138.72
6,417.30
1,044.12
2,494.27
291.46
1,393.61
43.92
1.211.00
467.02
4,771.21
1,985.16
9.45
1,000.00
271.58
163.86
718.92
827.81
Total Expenditure
19,515.25
4,734.16
24,249.41
Operating Expendlture 2023
Stationary, Consumables etc.
Maintenance
Newsletters and Advertising
Website & Software
Telephone
Accountant Fees
Membèrship Fees
Rent & Utilities
Volunteer Related Expenses
149.40
22.68
291.43
312.24
466.79
1890.00
90.00
6660.02
406.95
Tolal for 2023

Company Registration Number.. CE019055
Charity Registration Number.. 1185603
NEW SPRINGS COMMUNITY PROJECT GROUP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
6 Net incomingloutgoing resources
Net outgoing resources for the year include..
2023
2022
Depreciation of fixed assets
7 Trustees Remuneration and expenses
No Iruslees, nor any person connected with them, have received and remuneration from Ihe charity
during the year.
No trustees have received any reimbursed expenses or any other benefit from the charity during the
year.
8 Independent examiner's remuneration
2023
2022
Examination of financial statements
9 Taxation
The charity is a registered charity and is therefore exempl from laxalion.
10 Tangible fixed assets
Furniture and
Equipment
Total
Cost
At 1 January 2023
At 31 December 2023
20510
Depreciation
Al 1 January 2023
Charge for the year
18,501
16.501
At 31 December 2023
Net Book Value
At 31 December 2023
At 31 December 2022
009

Company Regislrab'on Number.. CE019055
Charity Regislrallon Number.. 1185603
NEW SPRINGS COMMUNITY PROJECT GROUP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
11 Debtors
2023
2022
Other debtors
12 cash and equivalents
2023
2022
Cash al bank
13 Creditors: amounts failing due wlthln one year
2023
2022
14 Funds
Balance at
Balance at
January
2023
Incoming
Resour¢e$
Resources
31
expended
Transfers
December 2023
UnrestriGted funds
General
3,153
4,574
10,978
4,510
8,447
Restrlcted funds
18035
Total funds

Company Registration Number.. CE019055
Charity Registration Number.. 1185803
NEW SPRINGS COMMUNITY PROJECT GROUP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Balance at
Balance at
1 January
2022
Incoming
Resources
Resources
31
expended
Transfers
December 2022
Unrestricted funds
Gpneral
6,286
3,018
19,1161
2,965
3,153
Restrl¢ted funds
Totsl fund5
15 Analysls of net assets between funds
Unre5tYlctÈd
Funds
General
Total funds at
31 December
2023
Restricted
funds
Tangible lixed assets
Current assets
Current liabilities
8,447
900
7,304
15,751
900
Total net assets
Unrestrlcted
Funds
General
Total funds at
31 December
2022
Restiirted
funds
Tangible fixed assets
Current assets
Current liabilities
4,009
16,662
4,009
21,614
4,952
Total net assets

Company Regislralion Number.. CE019055
Charity Reglslrallon Number,, 1185603
NEW SPRINGS COMMUNITY PROJECT GROUP
NOTES TO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 DECEMBER
16. Analysis of net funds
At31
At 1 January
2023
December
2023
Cash al bank and in harKI
21 615
Nel debt
21
At 1 January
2022
December
2022
Cash at bank and in hand
Net debt
23
03