## Cardigan Centre
Charity number 1003087
A company limited by guarantee number 02608879
Annual Report and Financial Statements
for the year ended 31 August 2022
## Cardigan Centre
Annual Report and Financial Statements for the year ended 31 August 2022
|**Contents**|**Page**|
|---|---|
|Trustees' report|2 to 6|
|Examiner's report|7|
|Statement of financial activities|8|
|Balance sheet|9|
|Notes to the accounts|10 to 17|
**Prepared by West Yorkshire Community Accountancy Service CIO**
1
## Cardigan Centre
## Trustees' report for the year ended 31 August 2022
## **Reference and administrative details of the charity, its trustees and advisors**
The trustees during the financial year and up to and including the date the report was approved were: **Name Position Dates** Marian Charlton Co-chair Neil Walshaw Co-chair David Nugent Treasurer Sue Buckle **Charity number** 1003087 Registered in England and Wales **Company number** 02608879 Registered in England and Wales **Registered and principal address Bankers** 145-149 Cardigan Road Unity Trust Bank Co-operative Bank Leeds Four Brindley Place P O Box 250 LS6 1LJ Birmingham Skelmersdale B1 2HB WN8 6WT
## **Independent examiner**
Simon Bostrom FCIE **West Yorkshire Community Accountancy Service CIO** Stringer House 34 Lupton Street Leeds LS10 2QW
## **Structure, governance and management**
The charity is a company limited by guarantee and was incorporated on 9 May 1991, and registered as a charity on 3 June 1991. It is governed by a memorandum and articles of association as amended by special resolutions on 29 September 2003, 26 September 2007 and 30 November 2010. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £1.
## **Method of recruitment and appointment of trustees**
The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM or co-opted by the elected trustees between such meetings. Two places on the board are reserved for appointed representatives of the founding organisations, South Headingley Community Association and Leeds City Council, provided that such appointees do not represent more than one-fifth of the total number.
2
## Cardigan Centre
## Trustees' report (continued) for the year ended 31 August 2022
## **Objectives and activities**
## **The charity's objects**
(a) To promote the benefit of the inhabitants of NW Leeds and the parts known as South Headingley and Burley in particular (hereinafter referred to as the 'area of benefit') without distinction of sex, sexual orientation, race or political, religious or other opinions, by associating together the said inhabitants and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of said inhabitants;
(b) To manage and maintain (whether alone or in co-operation with any local authority or other body or person) the premises known as 'Cardigan Centre' in furtherance of these objects, so long as they are demised to the company;
(c) to promote and support any other charitable activity in the area of benefit.
## **The charity's main activities**
We run a Community Centre in Northwest Leeds which is supporting a diverse range of people who access and use our facilities and services. We aim to prioritise the needs of the most disadvantaged residents in the neighbourhood. The Burley, Hyde Park and Headingley area is diverse of social and economic deprivation is varied by age ethnicity, inequality, language/cultural barriers and lack property ownership with poor housing with uncertain civic rights. Our work supports target groups and create new opportunities for the shared of life experience across group, individuals and communities of interest. Our aim is to build partnerships and to work across the neighbourhood with multi-agency working. and to make the best use of resources available. We would like to see and strongly support a community hub across the locality.
Specifically, this looks at
- l To promote the social, physical, emotional, mental and economic wellbeing of all members of our community.
- l To Support the development of new and existing community groups through our facilities of our building and services we provide.
- l To provide responsive services which are relevant to community needs to ensure sustainability through reducing over reliance on single source funding.
- l Rooted in the community to generate capacity building.
- l To develop and maintain an organisational structure which serves the needs of the Charity in a clear and cohesive way through good governance within the board and fit for purpose management structures.
- l To contribute to the wider community for neighbourhood improvements through campaigning and staying active in local forums and groups.
- l To Reduce our carbon footprint and recycle to improve where we can for the environment.
- l Communicate our mission services and achievements successfully to our partners and stakeholders
We have room and hall for hire to the community and other organisations. We are very popular with emerging and existing groups who find our facilities easy to access to due to use being centrally based in the city. This departments provides use with an income stream which in return supports our core costs in the organisation. The department also manages the building with its cleaning and maintenance in ensuring we meet health and safety standards.
3
## Cardigan Centre
## Trustees' report (continued) for the year ended 31 August 2022
## **Public benefit statement**
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit.
Our work with residents is enabling them to support them with their mental health and wellbeing due to the effect of Covid-pandemic. Having listened to residents we developed a new community strategy to support people with their concerns by providing mindfulness activities, walks and culture cooking as a therapy. This is improving the quality of life for our residents during difficult times especially with the cost of living and energy bills.
The Cardigan Centre works mainly in Northwest Leeds, with an emphasis on the inner-city neighbourhoods. All residents can benefit from Cardigan Centre’s services.
The Cardigan Centre improves the aspirations of local people by accommodating in the public building community groups which organise a wide range of educational and recreational activities; leasing offices to small businesses; running several specialist workstreams; organising community events; and providing information and office services. This multi-purpose approach enables the Cardigan Centre to operate as a ‘community hub’ across the neighbourhood and to adjoining areas.
## **Achievements and performance**
We developed a new a Strategy to enable us to become a community resource. This was reviewed because of Covid-19 with our priorities shifting towards community work in response to Covid. A commitment to preparing the charity for the challenges in a post Covid era and our mission. Working closely with the trustees a new plan was developed that enabled us to prioritise us becoming financially sustainable.
Developing a funding strategy to apply for grants to keep the charity afloat has been a sound judgement. We were successful in receiving various grants, to include commissioned work, and securing rental income with new tenants due to the revamp and improved facilities during Covid. These grants have allowed us to sustain our core building costs and develop new community work.
- l On an average of 45 people per week who attend our courses and classes for their personal development. We hire out our rooms to 15 self-managed community groups per week. This brings in over 200 people a week to use our facilities that ensures their group run effectively. The centre is inclusive to everyone and that people who attend come from all sections of the community with regard to diversity, age, and religion.
- l We developed new projects based on community needs. An example is that the fruit delivery has had a ripple effect in creating in residents’ involvement as both volunteers and beneficiaries.
- l Working closely with partners to develop a strategy in responding to environment improvement and now to the cost-of-living crisis and energy bills, the trustees, staff and Abdul are working on plans and initiatives that will support our community.
We have a network of community leaders, partners, and stakeholders who we have established a positive working relationship. A focal group is the Neighbourhood Forum which is a hub for the meeting of community activities, local charities ward councillors, Universities and landlords. From this hub partnerships are developed and sustained where we have recently had an active relationship with Canopy Housing, Hyde Park Source, Park Lane Properties, Left Bank, Schools, Better Leeds Communities and Hyde Park Picture House etc.
Our Friends of the Cardigan Community Centre Group is represented by members of various people in the neighbourhood, which is now meeting regularly to develop ideas for future activities. The group have a passion for community development and the needs of the neighbourhood.
4
## Cardigan Centre
## Trustees' report (continued) for the year ended 31 August 2022
## **Financial review**
The net expenditure for the year was £12,470, including net expenditure of £10,629 on unrestricted funds and net expenditure of £1,841 on restricted funds after transfers.
## **Reserves policy**
The Centre’s total net current assets at 31 August 2022 stand at £85,692 of which £49,014 is unrestricted. The trustees believe the Society has sufficient funds to fulfil both its obligations to the restricted funds and to continue its ongoing work and development.
The reserves policy is to maintain funds between 3 and 6 months of future budgeted expenditure for the purpose of enabling the smooth running of the charity and to enable an orderly winding up should the charity need to close.
5
## Cardigan Centre
## Trustees' report (continued) for the year ended 31 August 2022
## **Statement of trustees' responsibilities**
The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.
Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:
select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.
Approved by the board of trustees on 2/3/2023
David Nugent (Trustee)
6
## Cardigan Centre
## Independent examiner's report to the trustees of Cardigan Centre
I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 August 2022, which are set out on pages 8 to 17.
## **Responsibilities and basis of report**
As the charity's trustees of the charitable 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 charitable 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 ('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**
I have completed my examination. I confirm that no material 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 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; or
- 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 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 accounts to be reached.
Simon Bostrom FCIE
2/3/2023
## **West Yorkshire Community Accountancy Service CIO**
Stringer House 34 Lupton Street Leeds LS10 2QW
7
## Cardigan Centre
## Statement of Financial Activities
## (including summary income and expenditure account) for the year ended 31 August 2022
|Notes
2022
Unrestricted
funds
£
**Income from:**
Charitable activities
(2)
34,099
Other trading activities
(3)
63,999
Other income
3,548
Investment income
69
**Total income**
101,715
**Expenditure on:**
Charitable activities
(4)
114,644
**Total expenditure**
114,644
**Net income / (expenditure)**
(12,929)
**Transfers between funds**
(5)
2,300
**Net movement in funds**
(10,629)
**Fund balances brought forward**
51,935
**Fund balances carried forward**
(5)
41,306|2022
Restricted
funds
£
99,174
-
438
-
99,612
99,153
99,153
459
(2,300)
(1,841)
38,519
36,678|2022
Total
funds
£
133,273
63,999
3,986
69
201,327
213,797
213,797
(12,470)
-
(12,470)
90,454
77,984|2021
Total
funds
£
254,049
14,995
2,199
8
271,251
239,340
239,340
31,911
-
31,911
58,543
90,454|
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
8
## Cardigan Centre
## Balance sheet
|as at 31 August 2022
2022
Unrestricted
£
**Fixed assets**
Tangible assets
(6)
1,440
**Total fixed assets**
1,440
**Current assets**
Debtors and prepayments
(7)
19,726
Cash at bank and in hand
(8)
52,186
**Total current assets**
71,912
**Current liabilities:**
**amounts falling due within one year**
Creditors and accruals
(9)
22,898
**Total current liabilities**
22,898
**Net current assets / (liabilities)**
49,014
**Total assets less current liabilities**
50,454
**Creditors: amounts falling due after one year**
(10)
9,148
**Net assets**
41,306
**Funds**
Unrestricted funds
41,306
Restricted funds
-
**Total funds**
41,306|2022
Restricted
£
-
-
4,358
32,320
36,678
-
36,678
36,678
-
36,678
-
36,678
36,678|2022
Total
£
1,440
1,440
24,084
84,506
108,590
22,898
22,898
85,692
87,132
9,148
77,984
41,306
36,678
77,984|2021
Total
£
-
-
44,747
120,237
164,984
30,363
30,363
134,621
134,621
44,167
90,454
51,935
38,519
90,454|
|---|---|---|---|
For the year ending 31 August 2022 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).
The financial statements were approved by the board of trustees on 2/3/2023
David Nugent (Trustee)
9
## Cardigan Centre
## Notes to the accounts
## for the year ended 31 August 2022
## **1 Accounting policies**
## **Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.
## **Going concern**
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
## **Incoming resources**
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
## **Grants and donations**
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
## **Expenditure and liabilities**
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
## **Taxation**
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Tangible fixed assets costing more than £1,000 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows:
Freehold land: nil Freehold buildings: 7 to 20 years Fixtures, fittings and equipment: over 4 years Plant and machinery: over 3 to 5 years
## **Pensions**
The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.
10
## Cardigan Centre
## Notes to the accounts
for the year ended 31 August 2022
## **1 Accounting policies continued**
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
## **Leases**
Rents under operating leases are charged on a straight line basis over the lease term or to an earlier date if the lease can be determined without financial penalty.
11
## Cardigan Centre
## Notes to the accounts continued
## for the year ended 31 August 2022
|**2 Charitable activities income**
**Contract Income**
Leeds Childrens Services
LCC ACLS
HAVA SLA
Creche Service
**Grants**
Better Connect Kickstart
Co-op Foundation
HMRC Coronavirus Job Retention Scheme
Leeds City Council Covid relief
LCC City Academy Wellbeing Fund
LCC City East Academy
LCC City West Academy
LCC Healthy Fruit project
LCC Spen Lane YAF
LCC Weetwood YAF
LCC Woodbridges - Kirkstall
LCC Elders Connect
LCC Other grants
Power to Change
Sir George Martin Trust
Tudor Trust
Volition
Wades's Charity
Other grants and donations
**3 Other trading activities**
Office and mailbox services
Room hire
Rental income|2022
Unrestricted
funds
£
23,105
6,546
4,309
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
139
34,099
2022
Unrestricted
funds
£
1,601
52,598
9,800
63,999|2022
Restricted
funds
£
-
-
-
-
12,763
1,192
1,152
-
11,017
2,872
5,083
-
4,073
1,562
3,629
11,360
-
-
-
40,000
-
-
4,471
99,174
2022
Restricted
funds
£
-
-
-
-|2022
Total
funds
£
23,105
6,546
4,309
-
12,763
1,192
1,152
-
11,017
2,872
5,083
-
4,073
1,562
3,629
11,360
-
-
-
40,000
-
-
4,610
133,273
2022
Total
funds
£
1,601
52,598
9,800
63,999|2021
Total
funds
£
46,210
34,120
14,228
812
-
1,308
27,443
2,750
10,950
8,989
5,015
1,940
10,158
10,440
8,988
-
1,238
20,000
3,000
42,000
2,000
2,460
-
254,049
2021
Total
funds
£
373
14,622
-
14,995|
|---|---|---|---|---|
12
## Cardigan Centre
## Statement of Financial Activities
## (including summary income and expenditure account) for the year ended 31 August 2022
|**4 Charitable activities expenditure**
Salaries, NI and pensions
4a
Freelance and external staff
Travel
Recruitment
Redundancy costs
Training and other costs
Rates
Water
Heat and light
Insurance
Trade waste
Repairs, maintenance and security
Cleaning and consumables
Room hire and project delivery costs
Telephone
Printing, postage and stationery
IT maintenance and consumables
Subscriptions and fees
Operating lease payments
Bad debts
Independent examination
Payroll charges
Legal and professional fees
Bank charges
Depreciation
Loan interest
**4a Staff costs and numbers**
Gross salaries
Social security costs
Employment allowance
Pensions|55,971
-
398
252
16,993
443
768
220
5,481
1,901
1,734
8,416
1,554
11,151
758
427
1,370
60
1,178
135
2,400
185
1,594
197
720
338
114,644|93,083
-
226
150
-
270
-
-
-
-
-
-
-
5,424
-
-
-
-
-
-
-
-
-
-
-
-
99,153|149,054
-
624
402
16,993
713
768
220
5,481
1,901
1,734
8,416
1,554
16,575
758
427
1,370
60
1,178
135
2,400
185
1,594
197
720
338
213,797
2022
£
141,421
9,997
(5,000)
2,636
149,054|189,734
989
920
120
12,096
1,183
392
173
4,806
2,101
1,627
3,103
1,201
10,167
702
759
1,359
571
3,225
130
2,160
358
1,285
179
-
-
239,340
2021
£
176,154
13,897
(4,000)
3,683
189,734|
|---|---|---|---|---|
The average number of employees during the year was 9.7, being an average of 7 full time equivalent (2021: 21.7, 11.3 FTE). There were no employees with emoluments above £60,000.
|**Defined contribution pension scheme**|2022|2021|
|---|---|---|
||£|£|
|Costs of the scheme to the charity for the year|2,636|3,683|
|Amount of any contributions outstanding at the year end|-|-|
13
## Cardigan Centre
## Notes to the accounts continued
## for the year ended 31 August 2022
|**5 Restricted funds**
Coronavirus Job Retention
Tudor Trust
Tudor Wellbeing
Leeds Co-op
LCC City Academy
LCC East Academy
LCC West Academy
Spen Lane YAF
Weetwood YAF
Woodbridges YAF
Groundwork UK
LCC Digital Leeds
Everfit - Wellbeing Fund
Wades's Charity - SOAR
St. Chad's
Better Connect
Elders Connect
BARCA Community and Youth|Balance b/f
£
-
13,231
1,917
1,308
344
1,914
(124)
2,845
3,010
3,036
1,166
925
1,020
3,359
247
-
4,321
-
38,519|Incoming
£
1,152
40,000
-
1,192
11,017
2,872
5,083
4,073
1,562
3,629
-
-
-
-
-
12,763
11,798
4,471
99,612|Outgoing
£
1,152
38,829
734
-
11,361
4,786
4,959
6,918
4,572
6,665
-
-
-
765
-
12,763
5,499
150
99,153|Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
(300)
-
-
(2,000)
-
(2,300)|Balance c/f
£
-
14,402
1,183
2,500
-
-
-
-
-
-
1,166
925
1,020
2,294
247
-
8,620
4,321
36,678|
|---|---|---|---|---|---|
**Fund name** Coronavirus Job Retention
Tudor Trust Tudor Wellbeing Leeds Co-op LCC City Academy LCC East Academy LCC West Academy Spen Lane YAF Weetwood YAF Woodbridges YAF Groundwork UK LCC Digital Leeds Everfit - Wellbeing Fund Wades's Charity - SOAR
St. Chad's Better Connect Elders Connect
BARCA Community and Youth
## **Purpose of restriction**
To facilitate the retention of employees where activities had to be suspended or cut back due to Covid restrictions.
To fund employment of a general manager. To support staff's wellbeing during Covid-19
To assist the ESOL cafe, which ran alongside courses delivered. To fund the delivery of youth work in the school on a weekly basis. To fund the delivery of youth work in the school on a weekly basis. To fund the delivery of youth work in the school on a weekly basis. To fund youth events and activities. To fund youth events and activities. To fund youth events and activities.
To support crèche workers, under Tesco Bags for Life' scheme. To fund digital equipment to deliver learning sessions.
Provision of an exercise tutor to deliver sessions to older people. Delivery of free break activities to children and families. The transfer relates to room hire internal charges.
To fund staff costs of a crèche for accredited childcare courses. Kickstart apprenticeship funding.
To fund delivery of fruit and other products to elderly persons during extended lockdown periods. The transfer relates to room hire internal charges.
To fund the delivery of youth work in the school on a weekly basis.
14
## Cardigan Centre
## Notes to the accounts continued
## for the year ended 31 August 2022
|**6 **
**7 **
**8 **
**9 **|**Tangible assets**
**Cost**
£
At 1 September 2021
147,474
Additions
-
At 31 August 2022
147,474
**Depreciation**
At 1 September 2021
147,474
Charge for year
-
At 31 August 2022
147,474
**Net book value**
At 31 August 2022
-
At 31 August 2021
-
**Debtors and prepayments**
Debtors
Prepayments
Accrued income
Other debtors
**Cash at bank and in hand**
Cash at bank
Cash in hand
**Creditors and accruals**
Bank loans repayable within one year
Trade creditors
Accruals
Deferred income (see note below for analysis)
Taxation and social security
Other creditors
**Deferred income**
Children's Services contract income received in advance
Leasehold
buildings|£
182,800
2,160
184,960
182,800
720
183,520
1,440
-
Plant &
machinery|£
2,292
-
2,292
2,292
-
2,292
-
-
2022
£
13,114
173
4,358
6,439
24,084
2022
£
83,872
634
84,506
2022
£
9,979
1,835
2,593
-
1,199
7,292
22,898
Deferred to
next year
£
-
-
Fixtures,
fittings &
t|Total
£
332,566
2,160
334,726
332,566
720
333,286
1,440
-
2021
£
22,610
1,237
20,900
-
44,747
2021
£
119,603
634
120,237
2021
£
5,833
4,131
3,346
11,553
-
5,500
30,363
Released
from last
year
£
11,553
11,553|
|---|---|---|---|---|
15
## Cardigan Centre
## Notes to the accounts continued
## for the year ended 31 August 2022
|**10 Creditors: amounts falling due after one year**
Accruals for grants payable
Bank loans|2022
£
9,148
9,148|2021
£
44,167
44,167|
|---|---|---|
## **11 Related party transactions**
## **Trustee expenses**
No trustee received any expenses during this year or the previous year.
## **Trustee remuneration and benefits**
No trustee received any remuneration or benefit during this or the previous year.
## **Remuneration and benefits received by key management personnel**
The total employee benefits received by key management personnel were £39,929 (previous year: £38,755).
|**12 Operating leases**
Within one year
In the second to fifth years inclusive
Over five years from the balance sheet date
**13 Funds held as agent**
Balance b/f
Incoming
Outgoing
£
£
£
HAVA funds - project 1
10,911
13,406
24,317
HAVA funds - project 2
14,789
-
14,789
25,700
13,406
39,106
Expected future minimum lease payments over the remaining life of the
lease, analysed into the period in which the commitment falls due:|2022
£
558
-
-
558
Transfers
£
-
-
-|2021
£
1,116
558
-
1,674
Balance c/f
£
-
-
-|
|---|---|---|
## **Fund name**
## **Additional information**
HAVA funds - project 1 To promote regeneration in the Hawksworth Wood, Abbeydale & Vespers areas of Leeds. HAVA funds - project 2 To deliver projects around Crime reduction Education Health & Wellbeing
16
## Cardigan Centre
## Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 August 2022
|2022
2021
Unrestricted Unrestricted
funds
funds
£
£
**Income**
Charitable activities
34,099
121,120
Other trading activities
63,999
14,995
Other income
3,548
2,199
Investment income
69
8
**Total income**
101,715
138,322
**Expenditure**
Charitable activities
114,644
118,539
**Total expenditure**
114,644
118,539
**Net income / (expenditure)**
(12,929)
19,783
**Transfers between funds**
2,300
540
**Net movement in funds**
(10,629)
20,323
**Fund balances brought forward**
51,935
31,612
**Fund balances carried forward**
41,306
51,935|2022
Restricted
funds
£
99,174
-
438
-
99,612
99,153
99,153
459
(2,300)
(1,841)
38,519
36,678|2021
Restricted
funds
£
132,929
132,929
120,801
120,801
12,128
(540)
11,588
26,931
38,519|2022
Total
funds
£
133,273
63,999
3,986
69
201,327
213,797
213,797
(12,470)
-
(12,470)
90,454
77,984|2021
Total
funds
£
254,049
14,995
2,199
8
271,251
239,340
239,340
31,911
-
31,911
58,543
90,454|
|---|---|---|---|---|
17