Charity registration number 1128547
Company registration number 06763165 (England and Wales)
HEADS UP LEICESTER LIMITED
(FORMERLY CENTRE FOR FUN & FAMILIES LIMITED)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
HEADS UP LEICESTER LIMITED
(FORMERLY CENTRE FOR FUN & FAMILIES LIMITED)
LEGAL AND ADMINISTRATIVE INFORMATION
Chief Executive
Ms L Woodward
Trustees
Mr D Neville
Mrs A Peel
Mrs J Drake
Mrs M O'Hagan
Mr T E Render (Treasurer)
Charity number
1128547
Company number
06763165
Registered office
The Grove Community Hub
Cort Crescent
Braunstone
Leicester
LE3 1QZ
Independent Examiner
Rishi Chandarana FCA
BPC Chandarana+Co Limited
Chartered Accountants
Prebend House
72 London Road
Leicester
LE2 0QR
Bankers
TSB Bank PLC
The Roundway
284a Humberstone Lane
Leicester
LE4 9JN
HEADS UP LEICESTER LIMITED
(FORMERLY CENTRE FOR FUN & FAMILIES LIMITED)
CONTENTS
Page
Trustees' report
1 - 3
Independent examiner's report
4
Statement of financial activities
5
Statement of financial position
6
Notes to the financial statements
7 - 16
HEADS UP LEICESTER LIMITED
(FORMERLY CENTRE FOR FUN & FAMILIES LIMITED)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's memorandum and articles of association, the Companies Act 2006 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).

 

The trustees, after a thorough review of strategy undertaken in the latter part of the year and continuing into the following year (2023/24) decided that a re-branding of the charity was required to better reflect the focus of its work (within the original objectives) and the position and reputation of the charity in the City and County. It therefore formally changed the name of the charity to “Heads Up Leicester Limited” on 1 October 2023.

Objectives and activities

The charitable purposes of Heads Up Leicester Limited (“HUL”), as set out in the objects contained in the charitable company’s memorandum of association, are to:

 

Educate families and the public in better standards of child care, the importance of sound relations between parents and children for the maintenance and enrichment of family life and good interpersonal communication between adults and children particularly, though not exclusively within families, and to promote, maintain, improve and advance the education and welfare of families and their members being in need by reason of their circumstances or their physical, emotional or spiritual state.

The charity has been providing support and positive parenting to families since 1990. The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives, and in planning future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

Please see the link below for the current information on our services that are available.

www.headsupleicester.org.uk

Achievements and performance

2023-24 at a glance

During 2023/24 Heads Up Leicester ran more than 100 groups and workshops, supporting in excess of 750 children, young people and their parents/carers. The charity has continued to offer Early Intervention Mental Health support for young people aged 8-18 years via one to one support in schools (more than 60 YP at Primary and Secondary schools), and through groupwork including support to parents and carers. As a Reducing Parental Conflict delivery partner for the City and County Council, HUL provided a series of ‘Getting on Better’ online workshops for parents. The antenatal education and therapeutic playgroup offer expanded this year, from supporting teen parents, those with perinatal mental health needs or families where English is an additional language, to a universal antenatal education programme in Leicester City, a family telephone support service and two more therapeutic playgroups in areas of need.

HUL is proud to work alongside NHS, Local Authority and Voluntary Sector organisations on a number of collaborative projects, which has further strengthened our role as systems partners.

Financial review

The results for the year and the charity's financial position at the end of the year are shown in the attached financial statements.

HEADS UP LEICESTER LIMITED
(FORMERLY CENTRE FOR FUN & FAMILIES LIMITED)
TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -

The trustees have considered the Charity Commission's guidance on reserves and feel it prudent where feasible to hold the following sums as reserves for the following purposes. The trustees intend to review the reserves policy in its entirety before the end of the next accounting period.

 

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.

Structure, governance and management

The Centre for Fun and Families was registered as a charity on 17 May 1990, number 328640, under its constitution, which was adopted on 3 May 1990.

 

In December 2008, the Centre for Fun and Families was incorporated as a private company limited by guarantee which is also a registered charity and which took over all assets, liabilities and activities of the former charity on 1 April 2009. The charitable company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

 

The trustees, after a thorough review of strategy undertaken in the latter part of the year, and continuing into the following year (2023/24) decided that a re-branding of the charity was required to better reflect the focus of its work (within the original objectives), and the position and reputation of the charity in the City and County. It therefore formally changed the name of the charity to “Heads Up Leicester Limited” on 1 October 2023.

 

In view of the deteriorating condition of the premises then occupied in Narborough Road, and their increasing unsuitability for the work of the charity, a move to The Grove, Braunstone, was made on 5 December 2023 to new leased premises of modern standard and much better suited to the work of Heads Up Leicester.

 

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr D Neville
Mr P Trickett
(Resigned 12 December 2023)
Mrs A Peel
Mrs J Drake
Mrs M O'Hagan
Mr J Haywood
(Appointed 1 April 2023 and resigned 12 December 2023)
Dr N Darko
(Appointed 1 April 2023 and resigned 19 September 2024)
Mr T E Render (Treasurer)
Mrs D R Miskella
(Appointed 3 July 2023 and resigned 24 April 2024)
Ms S Miskella
(Appointed 3 July 2023 and resigned 24 April 2024)

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

 

At each annual general meeting one-third of the trustees, or, if their number is not three or a multiple of 3, the number nearest to one-third must retire from office. The trustees to retire by rotation shall be those who have been longest in office since their last appointment.

HEADS UP LEICESTER LIMITED
(FORMERLY CENTRE FOR FUN & FAMILIES LIMITED)
TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -

The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

 

The company's current policy concerning the payment of trade creditors is to:

HUL has an organisational structure headed by the CEO, supported by a project manager and an admin and finance officer. The Board meets six times a year, and holds an annual “awayday” where strategic issues for the charity are considered in depth. There are two regular committees of the Board (Finance, Safeguarding) as well as specific meetings to deal with HR and Health & Safety issues, together with task and finish groups of directors and senior staff convened as required.

 

The Finance Committee meets on a monthly basis and consists of the Chief Executive, Finance Officer and two Directors. Monthly management accounts are presented to monitor performance to date, with Actual Versus Budget, Income & Expenditure, Forecast Income & Expenditure Versus Budget plus Projected Cashflow reports. Restricted Funds Analysis reports are produced for the various funding streams.

The board of trustees has carried out risk assessments and aims to lessen the risks to the charity as far as possible.

 

Funds held as custodian trustee

The charity's investment policy currently is to hold any reserves at the bank on deposit or in a specific account held at Monmouth Building Society.

The trustees' report was approved by the Board of Trustees.

Mr T E Render (Treasurer)
Trustee
Dated: 28 March 2025
HEADS UP LEICESTER LIMITED
(FORMERLY CENTRE FOR FUN & FAMILIES LIMITED)
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF HEADS UP LEICESTER LIMITED
- 4 -

I report to the trustees on my examination of the financial statements of Heads Up Leicester Limited (the charity) for the year ended 31 March 2024.

 

This report is made solely to the charity's trustees, as a body, in accordance with section 154 of the Charities Act 2011 (the 2011 Act) . My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work, for this report, or for the opinions I have formed.

 

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (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

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the ICAEW, which is one of the listed bodies.

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:

1

accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements 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; or

4

the financial statements 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 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.

Rishi Chandarana FCA
BPC Chandarana+Co Limited
Chartered Accountants
Prebend House
72 London Road
Leicester
LE2 0QR
Dated: 28 March 2025
HEADS UP LEICESTER LIMITED
(FORMERLY CENTRE FOR FUN & FAMILIES LIMITED)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
Notes
£
£
£
£
£
£
Income and endowments from:
Donations and legacies
3
1,252
-
1,252
4,559
-
4,559
Charitable activities
4
269,279
46,617
315,896
230,584
268,079
498,663
Investments
5
1,273
-
1,273
285
-
285
Other income
6
2,834
-
2,834
4,114
-
4,114
Total income
274,638
46,617
321,255
239,542
268,079
507,621
Expenditure on:
Charitable activities
7
245,292
67,393
312,685
210,097
249,361
459,458

Governance costs

10
7,978
-
7,978
3,648
-
3,648
Total expenditure
253,270
67,393
320,663
213,745
249,361
463,106
Net income/(expenditure) for the year/
Net movement in funds
21,368
(20,776)
592
25,797
18,718
44,515
Fund balances at 1 April 2023
91,086
20,776
111,862
65,289
2,058
67,347
Fund balances at 31 March 2024
112,454
-
112,454
91,086
20,776
111,862

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

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
HEADS UP LEICESTER LIMITED
(FORMERLY CENTRE FOR FUN & FAMILIES LIMITED)
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2024
31 March 2024
- 6 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
12
-
964
Current assets
Stocks
13
500
500
Debtors
14
41,895
945
Cash at bank and in hand
111,059
122,315
153,454
123,760
Creditors: amounts falling due within one year
15
(41,000)
(12,862)
Net current assets
112,454
110,898
Total assets less current liabilities
112,454
111,862
Income funds
Restricted funds
17
-
20,776
Unrestricted funds - general
112,454
91,086
112,454
111,862

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved by the Trustees on 28 March 2025
Mr T E Render (Treasurer)
Trustee
Company registration number 06763165
HEADS UP LEICESTER LIMITED
(FORMERLY CENTRE FOR FUN & FAMILIES LIMITED)
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -
1
Accounting policies
Charity information

Heads Up Leicester Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is The Grove Community Hub, Cort Crescent, Braunstone, Leicester, LE3 1QZ (previously 177-179 Narborough Road, Leicester, LE3 0PE until 4 December 2023).

1.1
Accounting convention

The accounts have been prepared in accordance with the charity's memorandum and articles of association, the Companies Act 2006 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 2016). 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 financial statements 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 board in furtherance of the general activities of the charity.

 

Restricted funds are subject to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

1.4
Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

 

Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants, where entitlement is not conditional on delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

 

Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.

 

Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts. Investment income is included when receivable.

 

1.5
Resources expended

Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.

HEADS UP LEICESTER LIMITED
(FORMERLY CENTRE FOR FUN & FAMILIES LIMITED)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 8 -

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

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

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.

Tangible fixed assets costing more than £100 are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment
25% per annum on a straight line basis.

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
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 the lower of replacement cost and cost.

1.8
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.

1.9
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 in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, 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 AND LIABILITIES

Basic financial assets and liabilities, which include debtors and creditors with no stated interest rate and receivables or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

 

HEADS UP LEICESTER LIMITED
(FORMERLY CENTRE FOR FUN & FAMILIES LIMITED)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 9 -
1.10
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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
Donations and legacies
2024
2023
£
£
Donations and gifts
1,252
4,559
HEADS UP LEICESTER LIMITED
(FORMERLY CENTRE FOR FUN & FAMILIES LIMITED)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 10 -
4
Charitable activities

Tenders & Commissioning

Department of Health and Social Care (Starting Well)

BBC Children in Need

Other small - restricted

Lloyds Bank Foundation for England and Wales

Training

Total
2024
Total
2023
£
£
£
£
£
£
£
£
Services provided under contract
268,379
-
-
46,617
-
-
314,996
457,418
Other income
900
-
-
-
-
-
900
41,245
269,279
-
-
46,617
-
-
315,896
498,663
Analysis by fund
Unrestricted funds - general
269,279
-
-
-
-
-
269,279
Restricted funds
-
-
-
46,617
-
-
46,617
269,279
-
-
46,617
-
-
315,896
For the year ended 31 March 2023
Unrestricted funds - general
222,192
-
-
-
-
8,392
230,584
Restricted funds
-
110,000
43,706
80,213
34,160
-
268,079
222,192
110,000
43,706
80,213
34,160
8,392
498,663
HEADS UP LEICESTER LIMITED
(FORMERLY CENTRE FOR FUN & FAMILIES LIMITED)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 11 -
5
Investments
Unrestricted
Unrestricted
funds
funds
general
general
2024
2023
£
£
Interest receivable
1,273
285
6
Other income
2024
2023
£
£

Room hire

-
848

Other

2,834
3,266
2,834
4,114
7
Charitable activities

Activities undertaken directly - unrestricted

Department of Health and Social Care (Starting Well)

BBC Children in Need

Other small - restricted

Lloyds Bank Foundation for England and Wales

Total
2024
Total
2023
£
£
£
£
£
£
£
Staff costs
195,894
-
-
25,281
-
221,175
268,666

Premises costs

12,854
-
-
-
2,847
15,701
16,291

Office expenses

8,908
-
-
14,630
-
23,538
35,656

Travelling

11,108
-
-
12,837
-
23,945
13,992

Room hire and associated costs

3,867
-
-
1,513
-
5,380
4,244

Sundry expenses

12,661
-
-
7,926
-
20,587
21,146

Payments made to third parties

-
-
-
2,359
-
2,359
97,203

Training costs

-
-
-
-
-
-
2,260
245,292
-
-
64,546
2,847
312,685
459,458
245,292
-
-
64,546
2,847
312,685
459,458
HEADS UP LEICESTER LIMITED
(FORMERLY CENTRE FOR FUN & FAMILIES LIMITED)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 12 -
8
Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year other than what is disclosed in note 19 and no trustees were reimbursed expenses (2023: None).

9
Employees
Number of employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
Charitable
13
14
Employment costs
2024
2023
£
£
Wages and salaries
201,821
240,058
Social security costs
13,759
19,055
Other pension costs
5,595
9,553
221,175
268,666
There were no employees whose annual remuneration was £60,000 or more.
10

Governance costs

2024
2023
£
£

Depreciation

964
1,148

Accountancy, book-keeping and payroll

7,014
2,500
7,978
3,648

Governance costs includes payments to the independent examiner of £4,000 (2023- £2,460).

11
Taxation

As a charity, Heads Up Leicester Limited is exempt from taxation on income and gains.

HEADS UP LEICESTER LIMITED
(FORMERLY CENTRE FOR FUN & FAMILIES LIMITED)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 13 -
12
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 April 2023
15,578
At 31 March 2024
15,578
Depreciation and impairment
At 1 April 2023
14,614
Depreciation charged in the year
964
At 31 March 2024
15,578
Carrying amount
At 31 March 2024
-
At 31 March 2023
964
13
Stocks
2024
2023
£
£
Finished goods and goods for resale
500
500
14
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
41,802
852
Other debtors
93
93
41,895
945
15
Creditors: amounts falling due within one year
2024
2023
Notes
£
£
Other taxation and social security
4,782
4,296
Deferred income
16
29,999
-
Trade creditors
852
5,943
Other creditors
1,367
123
Accruals and deferred income
4,000
2,500
41,000
12,862
HEADS UP LEICESTER LIMITED
(FORMERLY CENTRE FOR FUN & FAMILIES LIMITED)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 14 -
16
Deferred income
2024
2023
£
£
Other deferred income
29,999
-

Deferred income is included in the financial statements as follows:

2024
2023
£
£
Deferred income is included within:
Current liabilities
29,999
-
Movements in the year:
Deferred income at 1 April 2023
-
-
Resources deferred in the year
29,999
-
Deferred income at 31 March 2024
29,999
-
HEADS UP LEICESTER LIMITED
(FORMERLY CENTRE FOR FUN & FAMILIES LIMITED)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 15 -
17
Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
Movement in funds
Balance at 1 April 2023
Incoming Resources
Resources Expended
Balance at 31 March 2024
£
£
£
£
Lloyds Bank Foundation for England and Wales
2,847
-
(2,847)
-
Leicestershire County Council Funding
8,741
46,617
(55,358)
-
NHS Charity Together
9,188
-
(9,188)
-
20,776
46,617
(67,393)
-

Lloyds Bank Foundation for England and Wales

Support for socially isolated teen parents, from pregnancy through birth and beyond, in Leicester city.

 

Leicestershire County Council Funding - Charnwood Maternity Champions Project

To engage with women in Loughborough and surrounds to benchmark knowledge of available services, identify and understand barriers to accessing services, identify communities who may be particularly affected by the barriers/knowledge gap and to work with women and communities to identify, train and support Community Champions for pregnancy and beyond.

 

NHS Charity Together

To support health and wellbeing service for young people aged 8-18 years old who are experiencing low level mental health difficulties such as anxiety, worry, low mood and depression which affects their wellbeing.

 

 

 

18
Analysis of net assets between funds
Unrestricted funds
Restricted funds
Total
Unrestricted funds
Restricted funds
Total
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Fund balances at 31 March 2024 are represented by:
Tangible assets
-
-
-
964
-
964
Current assets/(liabilities)
112,454
-
112,454
90,122
20,776
110,898
112,454
-
112,454
91,086
20,776
111,862
HEADS UP LEICESTER LIMITED
(FORMERLY CENTRE FOR FUN & FAMILIES LIMITED)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 16 -
19
Financial commitments, guarantees and contingent liabilities

There is an ongoing dispute with the council in relation to the termination of a tenancy (Dilapidations Protocol) as per the tenancy agreement dated 21 March 2014 .There is a possibility of approximately £42,382 the company may have to pay in relation to this dispute however this is less certain and as a reliable estimate cannot be made no provision for this amount has been made in these financial statements.

20
Company limited by guarantee
The company is limited by guarantee with no share capital. The members of the charitable company are the trustees who are also the directors for the purpose of company law. In the event of the company being wound up, the liability of the members is limited to £1.
21
Related party transactions

During the year the charity paid Five Technology £1,905 (2023: £1,830) for IT maintenance services. Five Technology is managed by the son of Mr T Moore, a former trustee.

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