Company registration number: 11258080 Charity registration number: 1196806
NORTHERN ROOTS (OLDHAM) LIMITED
UNAUDITED FINANCIAL
STATEMENTS 31 MARCH 2024
Northern Roots (Oldham) Limited
Financial Statements
Year ended 31 March 2024
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the Trustees | 6 |
| Statement of financial activities (including income and expenditure account) |
7 |
| Statement of financial position | 8 |
| Notes to the financial statements | 9 |
Northern Roots (Oldham) Limited
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 March 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.
Reference and administrative details
Registered charity name Northern Roots (Oldham) Limited 1196806
| Company registration number11258080 | Company registration number11258080 |
|---|---|
| Principal office and registeredOldham Council Alexandra Park | |
| office | Kings Road |
| Oldham | |
| OL82BH | |
| The trustees | A Jabbar |
| J Bland | |
| B Brownbridge | |
| G Koosar | |
| S Lockwood | |
| P Morton | |
| A Selby | |
| A Tyrer | |
| E Taylor | |
| Company secretary | Neil Jones |
| Independent examiner | ATS Accountants |
| 8 Rochdale Road | |
| Royton | |
| Oldham | |
| OL2 6QJ |
Northern Roots (Oldham) Limited
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
Structure, governance and management
Northern Roots was first incorporated as a company on 15 March 2018.
The registration as a charity was completed on 29 November 2021.
As a registered charity and a company limited by shares, the Company is governed by its Articles of Association, dated August 2019. These have not been changed since incorporation and were transferred over from the company to the charity in November 2021. The Trustees of the Charity are the Directors on Companies House.
It is registered with the Charity Commission with number 1196806.
Recruitment and appointment of Trustees
The Trustees aim for the highest possible standard of governance by ensuring that the charity has a governance framework that is appropriate to a charity of its size/complexity, stage of development, and its charitable objects, and reflects the diversity of its users. This framework is regularly reviewed, along with the Board's performance.
In consultation with the Chief Executive, the Board has the mix of skills and experience it requires to govern the charity well. The Board has access to, and will consider, relevant external professional advice and expertise when required.
All members of the Board receive appropriate induction on their appointment and continue to receive appropriate advice, information and training (both individual and collective). Trustees have a code of conduct and comply with it and there are mechanisms for the removal of Trustees who do not abide by the trustee code of conduct.
There is a minimum of nine Trustees allowed to sit on the Board, with a maximum of thirteen. The Board will have four council appointed Trustees with the remainder independently appointed. Trustees are appointed for a 36-month term. Appointments can be extended at the end of the term to a maximum of three terms. A Chair and Vice Chair will be appointed by the Trustees, for an initial term of three years, with potential to be extended for one further term of three years, to a maximum of six years.
None of the Trustees have any beneficial interest in the company. All the Trustees are members of the company and guarantee to contribute £1 in the event of winding up.
The Trustees, who are directors for the purpose of company law, present their annual report and the financial statements for the year ended 31 March 2024. There were four Board meetings from April 2023 to March 2024.
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Northern Roots (Oldham) Limited
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
Trustees
The Trustees who served during the year are as follows:
A Jabbar J Bland[1] B Brownbridge[2] S Lockwood[2] G Koosar[2] P Morton[1] A Selby[2] A Tyrer[1] E Taylor
The Board approved the formation of two sub committees to ensure the best possible governance and reporting structures from the management team to the Board. These are the Finance and Risk committee chaired by Allan Tyrer and the HR committee chaired by Stuart Lockwood.
1 - Denotes member of Finance and Risk committee
2 - Denotes member of the HR committee
Objectives and activities
The object of the Charity, as set out in its Memorandum and Articles of Association is to provide, maintain, protect, improve and equip the gardens, landscaped areas, woodlands, open spaces, playing fields and recreational amenity spaces within the Northern Roots site, and to advance the health and wellbeing and communal pride of local communities by promoting outdoor activities including horticulture and agriculture, land-based activities, recreation, amateur sport, arts, heritage and culture activities. All the charities activities are undertaken to further the charity’s purposes for public benefit.
Achievements and performance
The past year has been a period of consolidation, learning and growth for Northern Roots. In the last twelve months Northern Roots has increased its revenue by continuing to work with the Esmee Fairbairn Foundation while also securing its first grants from the National Heritage Lottery Fund, the Greater Manchester Environment Fund and the Oglesby Charitable Trust, two further grants from the Halpin Trust and devolved funds from the Shared Prosperity Fund.
This has enabled it to make improvements to the Northern Roots site, creating the first phase of the Urban Farm, and harvesting and selling crops for the first time. The Charity created a new community garden and continued with general improvements and maintenance across the 160 acre site.
The National Lottery funding has enabled Northern Roots to recruit a diverse team of community champions from the local area and to empower them to lead a range of activities for local communities. It also funded the pilot phase of the Natural Health Service social prescribing programme which has subsequently secured two further commissions, enabling the service to continue. The Charity has also extended and expanded its educational work, supporting disadvantaged, local young people to remain in education and training..
The Charity has improved its staffing structure. Building on the leadership team recruited in 2022, it has now recruited and embedded an expanded staff team including growers, a ranger, a social prescribing lead, creative producers and support staff. In order to deliver our charitable purposes revised applications have been submitted for planning permission for the Visitor Centre, Forestry Skills Centre, Play area and Urban Farm. This has led to the initial development of the second phase of the Urban Farm, and commencement of initial works for the construction of the Visitor Centre Complex.
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Northern Roots (Oldham) Limited
Trustees' Annual Report (Incorporating the Director’s Report) (continued)
Year ended 31 March 2024
Financial review
The Board of Trustees have tasked the day to day running of the charity to a management team headed by Anna da Silva as Chief Executive.
The Trustees are pleased with the financial performance of the Charity in the year 2023/24. The results show a deficit of £6,379. The deficit generated is mainly attributable to restricted funds received in advance in 2022/23 and used this year. Northern Roots completed two restricted funds programmes to a value of £97,356 and part completed a third costing £33,750. Further funds for restricted programmes have been received in advance for use in 2024/25 to the value of £83,393. The results ensured Northern Roots was able to increase its continuity fund by £54,377 which may be reinvested in in the near future as agreed by the Board. The Trustees have put in place a robust budget for 2024/25 which will build on the excellent results achieved to date.
Policy on Reserves
The Trustees have an established policy, whereby they designate a reserve fund 'Continuity Fund' which will enable the charity to continue, for a period of time, its current activities in the event of a significant reduction in annual funding. This is reviewed on a regular basis as it is obviously necessary to consider how the funding will be replaced or activities modified should such circumstances arise. The current policy of the Board is a target level of this fund equivalent to six months total budgeted costs and to attempt to increase it gradually to nine months total budgeted costs.
The target of six months' budgeted costs based on the 2024/25 budget, equates to £292,626 and the actual balance of the Continuity Fund at 31 March 2024 was £291,783 (March 23 £237,406). There is a shortfall of just £853 on the target set by the Trustees for this fund. As a new charity the Trustees are happy that we are so close to meeting this target so early in the charity’s existence. The funds that have been received so far may be required for reinvestment during the early building phase of the charity. The Trustees are happy with the progress and will continue to take such measures that will allow the Continuity Fund to be grown in the future, in line with the charity's objectives.
Principal risks and uncertainties
Northern Roots is a highly ambitious programme. The risks are high in the build phase of the early years. The high-risk elements for 2024/25 will be securing the funding to build the charity in the years leading up to the site becoming self-sustainable. This includes securing the funds for phase 2 farm and new visitor experiences. The charity has appointed an experienced Chief Executive to lead its management team, and the Trustees are confident that the funding will be secured.
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Northern Roots (Oldham) Limited
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
Plans for future periods
Over the coming year the charity will look to secure an additional £4million for capital and revenue projects. This will enable it to establish the second phase of the Urban Farm, planting and harvesting more crops grown on site. In order to do this, it will seek to enhance the team with additional growers. It will seek further commissions to extend and expand the Natural Heath Service programme. It will deliver a six-week community led festival and at least three further creative events for the community. A critical priority will be to continue with construction of the Visitor and Forestry Skills Centres, with a target completion date of December 2025. The charity continue to build the charity’s capacity to successfully operate Northern Roots as a visitor destination and community asset once the first phase of the capital build is complete.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ exemption.
The trustees' annual report was approved on and signed on behalf of the board of trustees by:
Trustee
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Independent Examiner's Report to the Trustees of Northern Roots (Oldham) Limited
Year ended 31 March 2024
I report on the Financial Statements of the Charity for the year ended 31 March 2024 which are set out on pages 7 to 18.
Respective responsibilities of trustees and examiner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) or under Regulation 10 (1) (a) to (c) of The Charities Accounts (Scotland) Regulations 2006 (the 2006 Accounts Regulations) and that an independent examination is needed. The charity is required by company law to prepare accrued accounts and I am qualified to undertake the examination by being a qualified member of the Chartered Institute of Public Finance and Accountancy.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act);
-
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(1) Which gives me reasonable cause to believe that in any material respect the requirements
-
to keep accounting records in accordance with section 44(1)(a) of the 2005 Act; and
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to prepare accounts which accord with the accounting records, comply with the accounting requirements of the section 44(1)(b) of the 2005 Act; and
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Shahed Alam BSc (Hons) CPFA
On behalf of ATS Accountants
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Northern Roots (Oldham) Limited
Statement of Financial Activities
( Including Income and expenditure account )
Year ended 31 March 2024
| Note Income and endowments Donations and legacies 4 Charitable activities 5 Total income Expenditure Expenditure on charitable activities 6,7 Total expenditure Net income/(expenditure) Transfer between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
2024 2023 Unrestricted funds Restricted funds Total funds Total funds £ £ £ £ 192 - 192 2 354,522 196,217 550,739 633,741 |
|---|---|
| 354,714 196,217 550,931 633,743 |
|
| 300,338 256,973 557,310 462,793 |
|
| 330,338 256,973 557,310 462,793 |
|
| 54,377 (60,756) (6,379) 170,950 |
|
| - - - - |
|
| 54,377 (60,756) (6,379) 170,950 237,406 164,256 401,662 230,712 |
|
| 291,783 103,500 395,283 401,662 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 18 form part of these financial statements.
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Northern Roots (Oldham) Limited
Statement of Financial Position
31 March 2024
| Note Fixed assets Tangible fixed assets 13 Current assets Debtors 14 Cash at bank and in hand Creditors: amount falling due within one year 15 Net current assets Total assets less current liabilities Net assets Funds of the charity Share capital Restricted funds 17 Unrestricted funds 18 Total charity funds 19 |
2024 2023 £ £ 30,526 33,328 74,454 81,661 340,322 308,544 |
|---|---|
| 414,776 390,205 49,919 21,771 |
|
| 364,857 368,074 |
|
| 395,383 401,762 |
|
| 395,383 401,762 |
|
| 100 100 103,500 164,256 291,783 237,406 |
|
| 395,383 401,762 |
For the year ending 31 March 2024 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 company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime
These financial statements were approved by the board of trustees and authorised for issue on and are signed on behalf of the board by:
P Morton Trustee
The notes on pages 9 to 18 form part of these financial statements
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Northern Roots (Oldham) Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General Information
The charity is a public benefit entity and a private company limited by shares, registered in England and Wales and a registered charity In England and Wales. The address of the registered office is Oldham Council, Alexandra Park, Kings Road, Oldham, OL8 2BH.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)} and the Companies Act 2006.
3. Accounting policies
Basis of preparation
Northern Roots {Oldham) is a company limited by shares in the United Kingdom. The address of the registered office is given in the company information on page 2 of these financial statements. The nature of the charity's operation and principal activities are set out in the Trustees' report.
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 1 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.
Northern Roots 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.
Going concern
These accounts have been prepared on the going concern basis, and the Trustees consider that no material uncertainties exist, after due regard to the measures put in place by the Trustees in respect of future costs savings and financial projections as highlighted in the Trustees report. The Board have approved a 3 year strategic forecast to ensure the charity continues to grow. As a result, the Trustees consider that the charity has sufficient reserves to meet liabilities as the fall due for a period of at least twelve months from the date of signing the accounts.
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Northern Roots (Oldham) Limited
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Judgements and key sources of estimation uncertainty
In the application of the charity's accounting policies, the Trustees are required to make judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experiences and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future period.
The Trustees do not believe that there are any estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.
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Northern Roots (Oldham) Limited
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there Is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value Is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by the charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes an expenditure that Is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation fess any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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Notes to the Financial Statements (continued)
Northern Roots (Oldham) Limited
Year ended 31 March 2024
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery 25% straight line Motor Vehicles 25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
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Year ended 31 March 2024
Northern Roots (Oldham) Limited
Notes to the Financial Statements (continued)
3. Accounting policies (continued)
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Donations and legacies
| Unrestricted | Total | Unrestricted | Total | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||
| 2024 | 2024 | 2023 | 2023 | |||
| £ | £ | £ | £ | |||
| Donations | 192 | 192 | 2 | 2 |
5. Charitable activities
| Partnership income Grants Events and sales Other Income Partnership income Grants Events and sales Other Income |
Unrestricted Funds Restricted Funds Total Funds 2024 £ £ £ 6,800 13,000 19,800 308,600 183,217 491,817 36,972 - 36,972 2,150 - 2,150 |
|---|---|
| 354,522 196,217 550,739 |
|
| Unrestricted Funds Restricted Funds Total Funds 2023 £ £ £ 45,125 - 45,125 409,930 175,420 585,350 654 - 654 2,612 - 2,612 |
|
| 458,321 175,420 633,741 |
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Northern Roots (Oldham) Limited
Notes to the Financial Statements (continued)
Year ended 31 March 2024
6. Expenditure on charitable activities by fund type
| Charitable activity Support costs Charitable activity Support costs |
Unrestricted Funds Restricted Funds Total Funds 2024 £ £ £ 254,248 232,761 487,009 46,089 24,212 70,302 |
|---|---|
| 300,338 256,973 557,310 |
|
| Unrestricted Funds Restricted Funds Total Funds 2023 £ £ £ 241,664 177,842 419,506 39,043 4,244 43,287 |
|
| 280,707 182,086 462,793 |
7. Expenditure on charitable activities by activity type
| Charitable activity | Activities undertaken directly Support costs Total funds 2024 Total fund 2023 £ £ £ £ 487,009 70,302 557,310 462,793 |
|---|---|
8. Analysis of support costs
| General office Governance costs Support costs - Depreciations |
Analysis of support costs activity Total 2024 Total 2023 £ £ £ 45,334 45,334 12,629 12,701 12,701 18,882 12,266 12,266 11,776 |
|---|---|
| 70,302 70,302 43,287 |
9. Net income/(expenditure)
Net income / (expenditure is stated after charging/(crediting)
| Depreciation of tangible fixed assets | 2024 2023 £ £ 12,266 11,776 |
|---|---|
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Northern Roots (Oldham) Limited
Notes to the Financial Statements (continued)
Year ended 31 March 2024
10. Independent examination fees
| Fees payable to the independent examiner for: Independent examination of financial statements |
2024 2023 £ £ 540 540 |
|---|---|
11. Staff costs
| Wages and salaries Social security costs Employer contributions to pension plans |
2024 2023 £ £ 298,461 213,498 22,261 13,932 6,289 2,992 |
|---|---|
| 327,011 230,422 |
The average head count of employees during the year was 15 (2023: 6 ). The average number of full-time equivalent employees during the year is analysed as follows:
| Project Management Grounds Management |
2024 2023 No. No. 5 4 4 2 |
|---|---|
| 9 6 |
One employee received employee benefits of more than £60,000 during the year (2023: 1).
The number of employees who emoluments fell within the following bands was:
| £60,000 - £70,000 | 2024 2023 No. No. 1 1 |
|---|---|
| 1 1 |
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity were received by the trustees during the year.
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Northern Roots (Oldham) Limited
Notes to the Financial Statements (continued)
Year ended 31 March 2024
| 13.Tangible fixed assets Plant and machinery Motor Vehicles Total Cost £ £ £ At 1 April 2023 47,490 - 47,490 Additions - 9,465 9,465 At 31 March 2024 47,490 9,465 56,955 Depreciation At 1 April 2023 14,162 - 14,162 Charge for the year 11,872 394 12,266 At March 2024 26,035 394 26,429 Carrying amount At 31 March 2024 21,455 9,071 30,526 At 31 March 2023 33,328 - 33,328 14.Debtors 15.Creditors: amounts falling due within one year 2024 2023 £ £ Trade creditors 12,687 325 Accruals and deferred income 35,730 20,563 Other creditors 1,502 883 49,919 21,771 16. Pensions and other post retirement benefits Defined contribution plans 2024 2023 £ £ Prepayments and accrued income 61,354 43,014 Other debtors 13,100 38,647 74,454 81,661 |
Plant and machinery Motor Vehicles Total £ £ £ 47,490 - 47,490 - 9,465 9,465 |
Plant and machinery Motor Vehicles Total £ £ £ 47,490 - 47,490 - 9,465 9,465 |
Plant and machinery Motor Vehicles Total £ £ £ 47,490 - 47,490 - 9,465 9,465 |
|---|---|---|---|
| 47,490 9,465 56,955 |
|||
| 14,162 - 14,162 11,872 394 12,266 |
|||
| 26,035 394 26,429 |
|||
| 21,455 9,071 30,526 |
|||
| 33,328 - 33,328 |
|||
| 2024 2023 £ £ 61,354 43,014 13,100 38,647 |
|||
| 74,454 81,661 |
|||
| 2024 2023 £ £ 12,687 325 35,730 20,563 1,502 883 |
|||
| 49,919 21,771 |
|||
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £6,289 (2023: £2,992).
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Northern Roots (Oldham) Limited
Notes to the Financial Statements (continued)
Year ended 31 March 2024
17. Analysis of charitable funds
Restricted funds
| The Halpin Trust 2 The Halpin Trust 3 Esmee Fairbairn National Lottery Oglesby 2 Oglesby 3 Green spaces Oldham Drug and Alcohol |
At 1 April 2023 Income Expenditure Transfers At 31 March 2024 £ £ £ £ £ 37,356 - (37,356) - - 66,900 - (33,750) - 33,150 60,000 - (60,000) - - - 112,824 (112,824) - - - 50,000 - - 50,000 - 5,000 - - 5,000 - 15,393 (13,043) - 2,350 - 13,000 - - 13,000 |
|---|---|
| 164,256 196,217 (256,973) - 103,500 |
| Positive Steps The Halpin Trust The Halpin Trust 2 The Halpin Trust 3 Esmee Fairbairn |
At 1 April 2022 Income Expenditure Transfers At 31 March 2023 £ £ £ £ £ 164,203 - (164,203) - - 6,719 - (6,719) - - - 48,520 (11,164) - 37,356 - 66,900 - - 66,900 - 60,000 - - 60,000 |
|---|---|
| 170,922 175,420 182,086 - 164,256 |
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Notes to the Financial Statements (continued)
Northern Roots (Oldham) Limited
Year ended 31 March 2024
18. Analysis of charitable funds Unrestricted funds
| General funds General funds |
At 1 April 2023 Income £ £ 237,406 354,714 |
Expenditure £ (300,338) |
Transfers At 31 March 2024 £ £ - 291,783 |
|---|---|---|---|
| At 1 April 2022 Income £ £ 59,790 458,323 |
Expenditure £ (280,707) |
Transfers At 31 March 2023 £ £ - 237,406 |
19. Analysis of net assets between funds
| Tangible fixed assets Current assets Creditors less than 1 year Net assets Tangible fixed assets Current assets Creditors less than 1 year Net assets |
Unrestricted Restricted Total Funds Funds Funds 2024 £ £ £ 22,627 7,899 30,526 319,175 95,601 414,776 (49,919) - (49,920) |
|---|---|
| 291,883 103,500 395,383 |
|
| Unrestricted Funds Restricted funds Total Funds 2023 £ £ £ 20,402 12,926 33,328 238,875 151,330 390,205 (21,771) - (21,771) |
|
| 237,506 164,256 401,762 |
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