IRIS Accounts Production v24.3.2.46 Other Company accounts True false Pounds 1.4.23 31.3.24 31.3.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035606002023-03-31035606002024-03-31035606002023-04-012024-03-31035606002022-03-31035606002022-04-012023-03-31035606002023-03-3103560600ns0:CharitableCompanyLimitedByGuarantee2023-04-012024-03-3103560600ns15:PoundSterling2023-04-012024-03-3103560600ns11:FRS1022023-04-012024-03-3103560600ns11:IndependentExaminationCharity2023-04-012024-03-3103560600ns11:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103560600ns11:FullAccounts2023-04-012024-03-3103560600ns11:CharitiesSORP2023-04-012024-03-3103560600ns16:EnglandWales2023-04-012024-03-3103560600ns11:RegisteredOffice2023-04-012024-03-3103560600ns0:Trustee22023-04-012024-03-3103560600ns0:Trustee12023-04-012024-03-3103560600ns0:Trustee32023-04-012024-03-3103560600ns0:Trustee42023-04-012024-03-3103560600ns0:Trustee52023-04-012024-03-3103560600ns0:Trustee62023-04-012024-03-3103560600ns0:Trustee72023-04-012024-03-3103560600ns11:CompanySecretary12023-04-012024-03-3103560600ns0:TotalUnrestrictedFunds2023-04-012024-03-3103560600ns0:TotalRestrictedIncomeFunds2023-04-012024-03-3103560600ns0:TotalUnrestrictedFunds2023-03-3103560600ns0:TotalRestrictedIncomeFunds2023-03-3103560600ns0:TotalUnrestrictedFunds2024-03-3103560600ns0:TotalRestrictedIncomeFunds2024-03-3103560600ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-03-3103560600ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2024-03-3103560600ns10:WithinOneYear2024-03-3103560600ns10:WithinOneYear2023-03-3103560600ns10:AfterOneYearns0:TotalUnrestrictedFunds2024-03-3103560600ns10:AfterOneYearns0:TotalRestrictedIncomeFunds2024-03-3103560600ns10:AfterOneYear2024-03-3103560600ns10:AfterOneYear2023-03-3103560600ns10:FurnitureFittingsToolsEquipment2023-04-012024-03-3103560600ns10:MotorVehicles2023-04-012024-03-3103560600ns10:ComputerEquipment2023-04-012024-03-310356060022023-04-012024-03-310356060012023-04-012024-03-310356060012022-04-012023-03-3103560600ns10:OwnedAssets2023-04-012024-03-3103560600ns10:OwnedAssets2022-04-012023-03-3103560600ns0:TotalUnrestrictedFunds2022-04-012023-03-3103560600ns0:TotalRestrictedIncomeFunds2022-04-012023-03-3103560600ns10:FurnitureFittings2023-03-3103560600ns10:MotorVehicles2023-03-3103560600ns10:ComputerEquipment2023-03-3103560600ns10:FurnitureFittings2023-04-012024-03-3103560600ns10:FurnitureFittings2024-03-3103560600ns10:MotorVehicles2024-03-3103560600ns10:ComputerEquipment2024-03-3103560600ns10:FurnitureFittings2023-03-3103560600ns10:MotorVehicles2023-03-3103560600ns10:ComputerEquipment2023-03-3103560600ns10:BetweenTwoFiveYears2024-03-3103560600ns10:BetweenTwoFiveYears2023-03-31
REGISTERED COMPANY NUMBER: 03560600 (England and Wales)
REGISTERED CHARITY NUMBER: 1076911














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

HIGHER FOLDS COMMUNITY CENTRE (LEIGH)
LTD

HIGHER FOLDS COMMUNITY CENTRE (LEIGH)
LTD






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Chairman's Report 1

Operating and Financial Review 2 to 3

Report of the Trustees 4 to 6

Independent Examiner's Report 7

Statement of Financial Activities 8

Balance Sheet 9 to 10

Notes to the Financial Statements 11 to 17

HIGHER FOLDS COMMUNITY CENTRE (LEIGH)
LTD

CHAIRMAN'S REPORT
for the year ended 31 March 2024

This has been a very successful year for the Community Centre and Nursery and we have seen growth in our impact across all areas
Our activities, the Nursery, Tiny Tots, Community Grocery, Kerry's Corner and the community activities we deliver ensure that we support over 400 people each week.
This number is growing as the cost of living crisis develops and people are still gaining confidence to venture out from home following the Covid pandemic.
The Board have supported management in developing new activities to ensure we have maximum social impact and operate the Charity in a business-like manner,
We have amazing staff who deliver our activities and they are a credit to the Centre and Nursery in what can be very difficult times.
I have to express my gratitude to all the funders who financially support to grow our activities and hope they will continue to support us over the coming months and years.




Mark Kendrick
Chairman of Committee the Management

HIGHER FOLDS COMMUNITY CENTRE (LEIGH)
LTD

OPERATING AND FINANCIAL REVIEW
for the year ended 31 March 2024

Overview, Progress and Plans for the Community Centre, Nursery and Community Grocery

Introduction
The Community Centre is located on the Higher Folds estate in Leigh, Lancashire, postcode WN7 2UB. 3,395 people live on Higher Folds, the area is considered "deprived", borne out by these statistics:



Area of Social Impact

Higher Folds Area

England Average
HF is Worse than England
Average
Children aged 0-19 inlow
income families

27%

19%

Yes
Living with a limiting long
term illness

28%

18%

Yes
Households with no
central heating

1%

3%

No
Overall crime rate is lower
than England

-

-

No
Have no formal
qualifications

23%

18%

Tes
In full time employment -
ages 16-74

64%

69%

Yes
Have no car 31% 24% Yes



To summarise, many families are living with low income, many individuals have very poor health, educational aspiration is low and those with no car are often forced to use the very limited public transport to reach reasonably priced shops over 2 miles away.

Our work on the Higher Folds estate
We always work to support those living with low income or long-term illness, begin the education of young people, in our early years nursery, helping them to prosper at school and in further education, leading to better employment opportunities, give older people activities to reduce loneliness and stimulate their minds and at the same time give everyone access to low-priced, high-quality food and household goods.

At the same time the Centre and Nursery must strive to be financially self-sufficient. The Centre will always need grant support for specialist projects, however it is imperative for the Nursery and Community Grocery, both community businesses, to be financially self-sufficient.

Areas of activity our work covers
Tiny Tots - Sessions for 0-2-year-old children and parents to develop pre- Nursery skills and good parenting practice.
Higher Folds 2-Year-Olds and Pre-school Nursery - educating children to be school ready
Higher Folds Community Grocery - to address food poverty in the area
Addressing the Cost-of-Living crisis on Higher Folds
Community activities for residents
Kerry's Corner CIC - community activities, crafts and socialising
Journey to New Zero - reducing our carbon footprint and energy costs for residents and the Centre
Management of the business - covering staff, building management, financial management, marketing and other elements of operating a community business

Contact and social media marketing details
E: dave@higherfolds.co.uk
T: 01942 674548
W: www.higherfolds.co.uk
Facebook: www.facebook.com/HigherFoldsCommunityCentre
Twitter: www.twitter.com/Higher_FoldsCC
Instagram: www.instagram.com/higherfolds_cc
LinkedIn: www.linkedin.com/company/higher-folds-community-centre

HIGHER FOLDS COMMUNITY CENTRE (LEIGH)
LTD

OPERATING AND FINANCIAL REVIEW
for the year ended 31 March 2024




Financial summary
On 31 March 2024, the Community Centre had a bank and cash balance of £125,443 including appropriate reserves, in line with charity commission guidelines with the balance for designated projects. Other grants continue to be applied for and awarded to us for our work.

Management Board Trustees and Employees
On 31 March 2024 there are:
- 6 Trustees are members of the Management Board and 1 Wigan Council Advisory member
- 7 members of Nursery staff
- 2 Community Grocery staff
- 2 Community Centre staff

These are supported by volunteers across all areas.

Summary
The Community Centre, Grocery and Nursery are thriving community businesses, under the broader leadership and management of Higher Folds Management Committee. They support the people of Higher Folds and address both their day to day and longer-term issues with committed, talented, and well-trained staff. Financially the business is robust, and the business operation and planning are done using tried and trusted methods with support and guidance from experts in the relevant fields, including Wigan Council Early Years, The National Lottery, Power to Change, Coalfields Regeneration Trust, Goldman Sachs, and Express IT amongst others.

HIGHER FOLDS COMMUNITY CENTRE (LEIGH)
LTD (REGISTERED NUMBER: 03560600)

REPORT OF THE TRUSTEES
for the year ended 31 March 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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
Objectives and aims
The objectives of the Charity are to provide benefits for the inhabitants of Higher Folds in Leigh, Wigan, without distinction of sex, or of political, religious or other opinions. By associating with the local authorities, voluntary organisations and the local inhabitants in the following manner:

(a) To advance education for the public benefit by providing advice and guidance upon questions of housing, social welfare benefits, unemployment, health and related topics.

(b) To relieve sickness and preserve and protect the good health of persons resident in the area of benefit.

(c) The advance of education and training of young people and adults with particular reference to equipping them for employment and facilitating their obtaining work in industry, commerce and the professions.

(d) To provide in the interests of social welfare, facilities for the recreation and leisure time occupation with the object of improving the conditions of life of persons who have need of such facilities by reason of their youth, age, infirmity or disablement, poverty or social economic circumstances

Significant activities
During the year the 2 years old and early years pre-school nursery provision has continued to support children during the pandemic and the new community food business has been an invaluable support to isolated people and families facing food poverty. Overall, the organisation has re-imagined it's activities during the pandemic and has made significant strides in supporting families and individuals and working with local public agencies during this very difficult period.

Public benefit
During the year the Charity directly operated a community food shop and a nursery facility as well as providing space for a range of activities consistent with its charitable objectives. The Charity was also a source of employment with most staff being employed from within the local area.

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.

STRATEGIC REPORT
Achievement and performance
Charitable activities
As previously mentioned, our work is always targeted at people facing both short- and long-term issues in their lives and our charitable activities cover from birth and throughout people's lives. Our activities include early years education, a community grocery to address food poverty, later life activities through Kerry's Corner and other health and social activities for people of all ages.

Fundraising activities
As an organisation we always strive to be financially sustainable, and we go some considerable way towards this. However, as we strive to meet the needs of residents and their inability to pay for many activities, we inevitably must raise funds through grants.

During 2023-24 as well as considerably increasing our trading income through the Grocery and Nursery, we benefitted greatly from grants to deliver our projects, mostly targeted at supporting families in need through the cost of living crisis.

A special thank you must be made to funders, including the National Lottery, The Coalfields Regeneration Trust, Children In Need, Garfield Weston, Power to Change, School for Social Entrepreneurs and more.

HIGHER FOLDS COMMUNITY CENTRE (LEIGH)
LTD (REGISTERED NUMBER: 03560600)

REPORT OF THE TRUSTEES
for the year ended 31 March 2024


STRATEGIC REPORT
Achievement and performance
Internal and external factors
The early years Nursery has continued to grow in numbers and it is reflected in our Ofsted "Good" rating that we are giving pre-school children an excellent start to their education, thanks to the commitment and skills of our nursery practitioners.
Our Community Grocery has been a great success, we feed many people on the estate with high-quality, low-cost food. A special thanks must go to Fareshare, Waterfields Bakery and other organisations who donate food to us for redistribution.

Lastly, and not least, a special thanks to all our volunteers in all areas of our activities including support, guidance and positively responding to local issues by our Management Committee, and volunteers in Nursery, Grocery and other areas, who support our paid staff in carrying out our great work.

Financial review
Going concern
The Trustees have assessed the charity's current income and financial projections for income and expenditure in the forward 12 months, taking account of the ongoing effects of the pandemic and cost-of-living crisis and have concluded the Charity will have sufficient funds to operate as a going concern over the next 12 months.

Principal risks and uncertainties
Cash flow risk
The Community Centre carefully manages it's cashflow to ensure the organisation remains financially viable.

Credit risk
The Charity's principal financial assets are bank balances, and cash, trade and other receivables, and investments.

The Charity's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.

The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.

The Charity has no significant concentration of credit risk, with exposure spread over many counterparties.

Liquidity risk
To maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance.

Further details regarding liquidity risk can be found in the statement of accounting policies in the financial statements.

Financial and risk management objectives and policies
The Charity's activities expose it to several financial risks including credit risk, cash flow risk and liquidity risk. The financial decisions taken to safeguard against the identified risks are governed by the Community Centre's policies and approved by the Board of Trustees. The policies provide written principles and guidelines to manage those risks

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees
The number of Trustees shall not be less than three, but is not subject to a maximum. The Chair of the Trustees is nominated and elected by the Board of Trustees. Trustees are recruited for their skills and expertise.


HIGHER FOLDS COMMUNITY CENTRE (LEIGH)
LTD (REGISTERED NUMBER: 03560600)

REPORT OF THE TRUSTEES
for the year ended 31 March 2024

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03560600 (England and Wales)

Registered Charity number
1076911

Registered office
Stirling Close
Higher Folds
Leigh
Gtr Manchester
WN7 2UB

Trustees
Ms H Dixon
M A Kendrick
Ms K H Knowles
D Orrell (appointed 27.11.23)
F B Walker
Ms S Yates
Ms K S Cunningham (resigned 21.3.24)

Company Secretary
Ms H Dixon

Independent Examiner
Ian Burns FCCA
Hayes & Co
Suite 2 Beswick House
Greenfold Way
Leigh
Lancashire
WN7 3XJ

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 23 December 2024 and signed on the board's behalf by:





M A Kendrick - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
HIGHER FOLDS COMMUNITY CENTRE (LEIGH)
LTD

Independent examiner's report to the trustees of Higher Folds Community Centre (Leigh) Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement - matters of concern identified
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination.

We have been engaged to report on the current year and note that there where errors in the prior year accounts.
We have,therefore, brought in comparative figures in respect of the prior year from the charity records and trial balance as provided by the Trust Accountant. We have not certified these figures and, in particular, have not been able to verify the split between the restricted and unrestricted funds as shown in the balance sheet for the prior year.

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

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; and
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.








Ian Burns FCCA

Hayes & Co
Suite 2 Beswick House
Greenfold Way
Leigh
Lancashire
WN7 3XJ

23 December 2024

HIGHER FOLDS COMMUNITY CENTRE (LEIGH)
LTD

STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 March 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 140 116,107 116,247 202,381

Other trading activities 2 55,344 117,526 172,870 145,087
Investment income 3 876 34,042 34,918 25,171
Total 56,360 267,675 324,035 372,639

EXPENDITURE ON
Raising funds 4 45,755 304,441 350,196 344,673


NET INCOME/(EXPENDITURE) 10,605 (36,766 ) (26,161 ) 27,966


RECONCILIATION OF FUNDS
Total funds brought forward 99,204 47,026 146,230 118,264

TOTAL FUNDS CARRIED FORWARD 109,809 10,260 120,069 146,230

HIGHER FOLDS COMMUNITY CENTRE (LEIGH)
LTD (REGISTERED NUMBER: 03560600)

BALANCE SHEET
31 March 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 9,818 7,270 17,088 13,091

CURRENT ASSETS
Debtors 10 1,603 - 1,603 1,030
Cash at bank and in hand 118,942 6,501 125,443 163,798
120,545 6,501 127,046 164,828

CREDITORS
Amounts falling due within one year 11 (4,501 ) (3,511 ) (8,012 ) (11,743 )

NET CURRENT ASSETS 116,044 2,990 119,034 153,085

TOTAL ASSETS LESS CURRENT
LIABILITIES

125,862

10,260

136,122

166,176

CREDITORS
Amounts falling due after more than one year 12 (16,053 ) - (16,053 ) (19,946 )

NET ASSETS 109,809 10,260 120,069 146,230
FUNDS 14
Unrestricted funds 109,809 99,204
Restricted funds 10,260 47,026
TOTAL FUNDS 120,069 146,230

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


HIGHER FOLDS COMMUNITY CENTRE (LEIGH)
LTD (REGISTERED NUMBER: 03560600)

BALANCE SHEET - continued
31 March 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 23 December 2024 and were signed on its behalf by:





M A Kendrick - Trustee





H Dixon - Trustee

HIGHER FOLDS COMMUNITY CENTRE (LEIGH)
LTD

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.


HIGHER FOLDS COMMUNITY CENTRE (LEIGH)
LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. OTHER TRADING ACTIVITIES
2024 2023
£    £   
Sale of Food and Clothes 55,596 43,411
Nursery related income (incl.local authority grants) 117,274 101,676
172,870 145,087

3. INVESTMENT INCOME
2024 2023
£    £   
Room hire 34,918 25,171

4. RAISING FUNDS

Raising donations and legacies
2024 2023
£    £   
Support costs 317,378 290,960


Investment management costs
2024 2023
£    £   
Administrative expenses 92 181
Repairs and maintenance 9,832 28,438
9,924 28,619

Aggregate amounts 350,196 344,673

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Companies house penalty 150 -
Depreciation - owned assets 5,016 19,653
Hire of plant and machinery 2,975 5,951
Other operating leases 2,543 2,275


HIGHER FOLDS COMMUNITY CENTRE (LEIGH)
LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.


7. STAFF COSTS
2024 2023
£    £   
Wages and salaries 204,773 207,395
Social security costs 4,746 176
Other pension costs 2,039 2,330
211,558 209,901

The average monthly number of employees during the year was as follows:

2024 2023
Nursery Staff 7 -
Community Grocery Staff 2 -
Community Centre Staff 2 -
11 -

No employees received emoluments in excess of £60,000.

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 202,381 - 202,381

Other trading activities 145,087 - 145,087
Investment income 25,171 - 25,171
Total 372,639 - 372,639

EXPENDITURE ON
Raising funds 344,673 - 344,673


NET INCOME 27,966 - 27,966


RECONCILIATION OF FUNDS
Total funds brought forward 71,238 47,026 118,264


HIGHER FOLDS COMMUNITY CENTRE (LEIGH)
LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
£    £    £   
TOTAL FUNDS CARRIED FORWARD 99,204 47,026 146,230

9. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 13,004 19,740 - 32,744
Additions 4,751 - 4,262 9,013
At 31 March 2024 17,755 19,740 4,262 41,757
DEPRECIATION
At 1 April 2023 9,753 9,900 - 19,653
Charge for year 1,303 2,460 1,253 5,016
At 31 March 2024 11,056 12,360 1,253 24,669
NET BOOK VALUE
At 31 March 2024 6,699 7,380 3,009 17,088
At 31 March 2023 3,251 9,840 - 13,091

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,603 1,030

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 13) 2,700 2,700
Trade creditors - 4,920
Social security and other taxes 3,026 3,378
Other creditors 486 745
Accrued expenses 1,800 -
8,012 11,743


HIGHER FOLDS COMMUNITY CENTRE (LEIGH)
LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 13) 16,053 19,946

13. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year on demand:
Bank loans 2,700 2,700
Amounts falling due between two and five years:
Bank loans - 2-5 years 16,053 19,946

14. MOVEMENT IN FUNDS
Net
movement At
At 1.4.23 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 99,204 10,605 109,809

Restricted funds
Restricted fund 47,026 (36,766 ) 10,260

TOTAL FUNDS 146,230 (26,161 ) 120,069

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 56,360 (45,755 ) 10,605

Restricted funds
Restricted fund 267,675 (304,441 ) (36,766 )

TOTAL FUNDS 324,035 (350,196 ) (26,161 )


HIGHER FOLDS COMMUNITY CENTRE (LEIGH)
LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

14. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 71,238 27,966 99,204

Restricted funds
Restricted fund 47,026 - 47,026

TOTAL FUNDS 118,264 27,966 146,230

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 372,639 (344,673 ) 27,966

TOTAL FUNDS 372,639 (344,673 ) 27,966

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.4.22 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 71,238 38,571 109,809

Restricted funds
Restricted fund 47,026 (36,766 ) 10,260

TOTAL FUNDS 118,264 1,805 120,069

HIGHER FOLDS COMMUNITY CENTRE (LEIGH)
LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

14. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 428,999 (390,428 ) 38,571

Restricted funds
Restricted fund 267,675 (304,441 ) (36,766 )

TOTAL FUNDS 696,674 (694,869 ) 1,805

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.