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2023-08-31-accounts

CHARITY REGISTRATION NUMBER 523702

HALLAM COMMUNITY AND YOUTH ASSOCIATION

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

HALLAM COMMUNITY AND YOUTH ASSOCIATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr G Blincow
Mr A G Bone
Mr P E Curtis
Mr I P Saunders
Mr J A Coomer
Chairman Mr I P Saunders
Treasurer Mr J A Coomer
Secretary Mrs H Shenton
Charity number 523702
Principal address Hallam Grange Crescent
Fulwood
Sheffield
S10 4BD
Independent examiner M Mealing BSc FCCA
UHY Hacker Young
6 Broadfield Court
Broadfield Way
Sheffield
S8 0XF
Bankers NatWest Bank plc
42 High Street
Sheffield
S1 2GE

HALLAM COMMUNITY AND YOUTH ASSOCIATION

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 18

HALLAM COMMUNITY AND YOUTH ASSOCIATION

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 AUGUST 2023

The trustees present their annual report and financial statements for the year ended 31 August 2023.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011 and “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 January 2019)”.

Objectives and activities

The objects of the association are to promote the benefit of the inhabitants of the districts of Lodge Moor and Fulwood, Sheffield and the neighbourhood, to acquire and maintain land for development and use as a playground and sports field and to establish a community centre for activities promoted by the association in the furtherance of the above object.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

An annual magazine outlining all the section activities is produced and distributed to approximately 5000 homes within the local area. Almost all the groups are organised and run by volunteers whose work is much appreciated by the trustees. The trustees openly encourage all sections to look for new ideas to improve their sections and to maintain their high level of results within their activities.

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the charity continues and that the appropriate training is arranged. It is the policy of the charity that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

HALLAM COMMUNITY AND YOUTH ASSOCIATION

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

Achievements and performance

Our last fire safety inspection recommended upgrades should be made to our Hall fire alarm system. These upgrades have now been carried out and involved a new alarm control panel, associated wiring and new emergency push buttons. The cost was partially alleviated by the award of a Sheffield City Council (SCC) Ward Pot Grant.

HCYA has formed a new Section for the improvement and re-wilding of small areas of local land owned by Sheffield City Council. The objectives of the new Section include “identifying such local pockets of unused land and liaising with SCC for permission and assistance, both financially and advisory, to develop these areas as Community WildSpaces.”

In February this year we submitted an application to SCC for the field containing the Spider Park to be awarded “Local Green Space” designation. If successful, this would provide Spider Park with another layer of protection against future development, alongside existing Green Belt status. Hallam Cricket Club submitted a parallel application for their adjoining field and cricket pitches.

The Hall Wi-Fi has been upgraded and our broadband provider altered. Both changes should allow users to receive a much better signal throughout all areas of the Hall.

The national “Warm Space” initiative, begun over last winter in response to cold weather and higher fuel bills, inspired HCYA to open the Hall to local residents on Wednesday mornings for ‘coffee and a friendly informal chat’. This is open to any local residents regardless of whether they are members or not.

All Sections are now running normally. Our Community Fete in July was the usual well-attended success, and our community magazine was delivered to local residents, as usual in May.

Financial review

The trustees consider the financial position of the charity overall to be satisfactory.

The trustees aim to keep sufficient working reserves to cover six months unrestricted expenditure. This is considered adequate should major repairs to the premises be required that are not covered by insurance.

At 31 August 2023 the actual level of reserves was £167,345 (2022: £168,024), consisting of tangible fixed assets of £85,092, designated reserves of £10,237 and £72,016 of freely available general reserves.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.

HALLAM COMMUNITY AND YOUTH ASSOCIATION

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

Structure, governance and management

The charity was established by a charitable trust deed.

The trustees who served during the year were: Mr G Blincow Mr A G Bone Mr P E Curtis Mr I P Saunders Mr J A Coomer

New trustees are appointed to the committee as considered necessary by a majority of existing trustees.

The association is managed by monthly meetings of the trustees, officers, representatives of sections and other appointed members.

The association's constitution states that it is to be non-party in politics and non-sectarian in religion. There are no political or charitable contributions made by the association.

Asset cover for funds

Note 19 sets out an analysis of the assets attributable to the various funds and a description of any trusts. These assets are sufficient to meet the charity's obligations on a fund by fund basis.

The trustees' report was approved by the Trustees.

Mr I P Saunders

Chairman Dated: 2 November 2023

6 Broadfield Court Broadfield Way Sheffield S8 0XF

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HALLAM COMMUNITY AND YOUTH ASSOCIATION

I report to the trustees on my examination of the financial statements of Hallam Community and Youth Association (the charity) for the year ended 31 August 2023.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

M Mealing BSc FCCA UHY Hacker Young

Chartered Accountants

Dated: 2 November 2023

HALLAM COMMUNITY AND YOUTH ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2023

Unrestricted Unrestricted Unrestricted Total Unrestricted Unrestricted Unrestricted Total
funds funds 2023 funds funds 2022
general designated general designated
Notes £ £ £ £ £ £
Income and endowments from:
Voluntary income 3 8,069 - 8,069 5,450 - 5,450
Charitable activities 4 26,261 25,362 51,623 24,196 21,512 45,708
Bar income and
fundraising activities 5 12,677 - 12,677 20,347 - 20,347
Interest received 6 504 - 504 25 - 25
Other income 7 1,478 - 1,478 5,008 - 5,008
Total income 48,989 25,362 74,351 55,026 21,512 76,538
Expenditure on:
Raising funds 8 8,814 - 8,814 13,751 - 13,751
Charitable activities 9 48,715 17,501 66,216 35,242 14,876 50,118
Total resources
expended 57,529 17,501 75,030 48,993 14,876 63,869
Net
(outgoing)/incoming
resources before (8,540) 7,861 (679) 6,033 6,636 12,669
transfers
Gross transfers
between funds 7,651 (7,651) - 4,734 (4,734) -
Net (expenditure)/income
for the year/
Net movement in funds (889) 210 (679) 10,767 1,902 12,669
Fund balances at 1
September 2022 157,997 10,027 168,024 147,230 8,125 155,355
Fund balances at 31
August 2023 157,108 10,237 167,345 157,997 10,027 168,024

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

HALLAM COMMUNITY AND YOUTH ASSOCIATION

BALANCE SHEET

AS AT 31 AUGUST 2023

Notes
Fixed assets
Tangible assets
14
Current assets
Stocks
16
Debtors
17
Cash at bank and in hand
Creditors: amounts falling due within
one year
Other creditors
18
Net current assets
Total assets less current liabilities
Income funds
Unrestricted funds
Designated funds
19
General unrestricted funds		 2023
£
1,685
13,223
70,215
85,123
2,870
10,237
157,108		 £
85,092
82,253
167,345
167,345
167,345		 2022
£
2,200
11,437
70,279
83,916
1,929
10,027
157,997		 £
86,037
81,987
168,024
168,024
168,024

The financial statements were approved by the Trustees on 2 November 2023

Mr I P Saunders Trustee

HALLAM COMMUNITY AND YOUTH ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

1 Accounting policies

Charity information

Hallam Community and Youth Association is a registered charity. The principal address is Hallam Grange Crescent, Fulwood, Sheffield, S10 4BD.

1.1 Accounting convention

The accounts have been prepared in accordance with the charity's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

HALLAM COMMUNITY AND YOUTH ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

1 Accounting policies

(Continued)

Government grants are recognized at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts and other sales related taxes.

1.5 Resources expended

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Resources expended, inclusive of irrecoverable VAT, are recognised in the year in which they are incurred and are analysed in the statement of financial activities according to the nature of the expense. No costs have been apportioned.

Costs of generating funds comprises those costs directly attributable to specific fundraising events and are included in bar and fundraising costs.

Charitable activities comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes costs that can be directly allocated to such activities and those costs of an indirect nature that are necessary to support them.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examination fees and costs linked to the strategic management of the charity.

HALLAM COMMUNITY AND YOUTH ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

1 Accounting policies

(Continued)

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold property

Fixtures, fittings & equipment

All leasehold property costs are depreciated over the term of the lease - 40 years from September 1996 15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss, if any.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in income/(expenditure) for the year, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately, unless the relevant asset is carried in at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.8 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

HALLAM COMMUNITY AND YOUTH ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

1 Accounting policies

(Continued)

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the charity becomes party to the contractual provisions of the instrument.

Financial assets are offset, with the net amounts presented in the accounts when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.

If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in net income/(expenditure) for the year.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in net income/(expenditure) for the year.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

HALLAM COMMUNITY AND YOUTH ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Leases

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, 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 experience 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 periods.

3 Voluntary income

2023 2022
£ £
Membership subscriptions, donations and gifts 8,069 5,450

HALLAM COMMUNITY AND YOUTH ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

4 Charitable activities

2023 2022
£ £
Community centre activities and hall hire 51,273 45,368
Other income 350 340
51,623 45,708
Analysis by fund
Unrestricted funds - general 26,261 24,196
Unrestricted funds - designated 25,362 21,512
51,623 45,708
5 Bar income and fundraising activities
2023 2022
£ £
Non-charitable trading activities 12,677 20,347
6 Interest received
2023 2022
£ £
Interest receivable 504 25
7 Other income
2023 2022
£ £
Coronavirus exceptional support grants receivable - 2,937
Sheffield City Council Ward Pot Grant 1,478 2,071
1,478 5,008

HALLAM COMMUNITY AND YOUTH ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

8 Raising funds

2023 2022 2022
£ £
Other bar and fundraising costs 8,484 13,341
Staff costs 330 410
Bar and fundraising costs 8,814 13,751
8,814 13,751
9 Charitable activities
2023 2022
£ £
Depreciation and impairment 7,233 6,785
Section activity expenditure 17,501 14,876
Maintenance of building 1,560 3,537
Cleaning 9,181 7,966
Repairs and renewals 3,171 3,169
Hire of facilities 1,575 1,163
Light, heat and water 12,626 5,425
Ground rent 1,000 1,000
Insurance 3,734 2,954
Postage and stationery 4,218 132
Bank charges 479 927
Miscellaneous 1,266 358
Broadband 1,332 656
64,876 48,948
Share of governance costs (see note 10) 1,340 1,170
66,216 50,118

HALLAM COMMUNITY AND YOUTH ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

10 Support costs

Support costs
Support Governance 2023 Support Governance 2022
costs costs costs costs
£ £ £ £ £ £
Independent examiner's
fee - 1,340 1,340 - 1,170 1,170
- 1,340 1,340 - 1,170 1,170
Analysed between
Charitable activities - 1,340 1,340 - 1,170 1,170

11 Trustees

None of the trustees (or any persons connected with them) received any remuneration or any other benefits from employment with the charity or any related entity during the year, but one of them was reimbursed a total of £500 (2022 - £325) for expenses on behalf of the charity.

12 Employees

Number of employees

The average monthly number of employees during the year was:

2023 2022
Number Number
Bar Staff 1 1
Employment costs 2023 2022
£ £
Wages and salaries 330 410

There were no employees whose annual remuneration was £60,000 or more.

13 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

HALLAM COMMUNITY AND YOUTH ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

14 Tangible fixed assets
Leasehold Fixtures, fittings Total
property & equipment
£ £ £
Cost
At 1 September 2022 247,154 34,405 281,559
Additions - 6,288 6,288
At 31 August 2023 247,154 40,693 287,847
Depreciation and impairment
At 1 September 2022 167,198 28,324 195,522
Depreciation charged in the year 5,712 1,521 7,233
At 31 August 2023 172,910 29,845 202,755
Carrying amount
At 31 August 2023 74,244 10,848 85,092
At 31 August 2022 79,956 6,081 86,037
15 Financial instruments 2023 2022
£ £
Carrying amount of financial assets
Debt instruments measured at amortised cost 8,354 8,317
Carrying amount of financial liabilities
Measured at amortised cost 2,870 1,929
16 Stocks 2023 2022
£ £
Bar stock 1,685 2,200

HALLAM COMMUNITY AND YOUTH ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

17 Debtors
2023 2022
Amounts falling due within one year: £ £
Trade debtors 8,354 8,317
Prepayments and accrued income 4,869 3,120
13,223 11,437
18 Other creditors falling due within one year
2023 2022
£ £
Trade creditors 1,560 759
Accruals and deferred income 1,310 1,170
2,870 1,929

HALLAM COMMUNITY AND YOUTH ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

19 Designated funds

The income of the charity includes the following designated funds which have been set aside out of unrestricted funds for specific sections:

Movement in funds Movement in funds Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Transfers Balance at Incoming Resources Transfers Balance at
1 September resources expended 1 September resources expended 31 August 2023
2021 2022
£ £ £ £ £ £ £ £ £
Art group 6,324 3,573 (1,337) (1,530) 7,030 4,523 (1,974) (1,500) 8,079
Badminton 24 1,004 - (1,000) 28 1,777 - (1,800) 5
Bowling - 314 - (314) - 464 - (464) -
Gardening 267 - - - 267 10 - - 277
Pilates - 670 - (670) - 640 - (640) -
Yoga 10 - - - 533 3,626 (2,700) (1,449) 10
Tai Chi - 1,288 (682) (284) 322 824 (100) (1,046) -
Westside Wine 876 6,926 (6,562) (252) 987 6,666 (6,542) (252) 859
Wine Guild 624 5,490 (4,755) (500) 860 6,832 (6,185) (500) 1,007
8,125 21,512 (14,876) (4,734) 10,027 25,362 (17,501) (7,651) 10,237

Income received by each section is treated as designated income by the trustees. Excess funds not required to cover section expenditure are remitted to the unrestricted fund at the discretion of the trustees periodically.

Sufficient resources are held in an appropriate form to enable the funds to be applied in accordance with their purpose.

HALLAM COMMUNITY AND YOUTH ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

20 Analysis of net assets between funds

Analysis of net assets between funds
Unrestricted
Designated		 Total Unrestricted Designated Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
£ £ £ £ £ £
Fund balances at 31 August 2023 are represented by:
Tangible assets 85,092 - 85,092 86,037 - 86,037
Current assets/(liabilities) 72,016 10,237 82,253 71,960 10,027 81,987
157,108 10,237 167,345 157,997 10,027 168,024