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2023-08-31-accounts

Cardigan Centre

Charity number 1003087

A company limited by guarantee number 02608879

Annual Report and Financial Statements

for the year ended 31 August 2023

Cardigan Centre

Annual Report and Financial Statements for the year ended 31 August 2023

Contents Page
Trustees' report 2 to 5
Examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the accounts 9 to 16

Prepared by West Yorkshire Community Accountancy Service CIO

1

Cardigan Centre

Trustees' report for the year ended 31 August 2023

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

Name Position Dates Marian Charlton Co-chair Neil Walshaw Co-chair David Nugent Treasurer Sue Buckle Cllr Kayleigh Brooks Appointed 15 June 2023 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 2023

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;

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

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 2023

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 work streams; 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

Our ongoing community strategy has enable us to become a community resource for the communities we serve.. 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.

We developed 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.

Financial review

The net income for the year was £30,505, including net income of £38,520 on unrestricted funds and net expenditure of £8,015 on restricted funds after transfers.

Reserves policy

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.

The charity's free reserves, excluding fixed assets, at the year end were £72,666.

4

Cardigan Centre

Trustees' report (continued) for the year ended 31 August 2023

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 21/03/2024

David Nugent (Trustee)

5

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 2023, which are set out on pages 7 to 16.

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:

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

25/03/2024

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

6

Cardigan Centre

Statement of Financial Activities

(including summary income and expenditure account) for the year ended 31 August 2023

Notes
2023
Unrestricted
funds
£
Income from:
Donations and legacies
(2)
45,000
Fees from charitable activities
(3)
-
Other trading activities
(4)
75,002
Bank interest
179
Other income
2,535
Total income
122,716
Expenditure on:
Charitable activities
(5)
107,196
Total expenditure
107,196
Net income / (expenditure)
15,520
Transfers between funds
(6)
23,000
Net movement in funds
38,520
Fund balances brought forward
41,306
Fund balances carried forward
(6)
79,826		 2023
Restricted
funds
£
70,330
-
-
-
-
70,330
55,345
55,345
14,985
(23,000)
(8,015)
36,678
28,663		 2023
Total
funds
£
115,330
-
75,002
179
2,535
193,046
162,541
162,541
30,505
-
30,505
77,984
108,489		 2022
Total
funds
£
99,313
33,960
63,999
69
3,986
201,327
213,797
213,797
(12,470)
-
(12,470)
90,454
77,984

All incoming resources and resources expended derive from continuing activities.

7

Cardigan Centre

Balance sheet

as at 31 August 2023
2023
Unrestricted
£
Fixed assets
Tangible assets
(7)
17,970
Total fixed assets
17,970
Current assets
Debtors and prepayments
(8)
27,257
Cash at bank and in hand
(9)
58,720
Total current assets
85,977
Current liabilities:
amounts falling due within one year
Creditors and accruals
(10)
13,311
Total current liabilities
13,311
Net current assets / (liabilities)
72,666
Total assets less current liabilities
90,636
Creditors: amounts falling due after one year
(11)
10,810
Net assets
79,826
Funds
Unrestricted funds
79,826
Restricted funds
-
Total funds
79,826		 2023
Restricted
£
-
-
4,529
24,134
28,663
-
-
28,663
28,663
-
28,663
-
28,663
28,663		 2023
Total
£
17,970
17,970
31,786
82,854
114,640
13,311
13,311
101,329
119,299
10,810
108,489
79,826
28,663
108,489		 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

For the year ending 31 August 2023 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 are 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 21/03/2024

David Nugent (Trustee)

8

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 2023

2 Donations and legacies
Asda Foundation
BARCA - Leeds
LCC Elders Connect
LCC Wards Based Iniative (WBI)
LCC MICE
LCC Small grants
LCC - Other grants
Leeds Community Healthcare Trust (LCHT)
National Lottery Community Fund (NLCF)
Tudor Trust Core funding
Tudor Trust Wellbeing
West Yorkshire Combined Authority (WYCA)
Voluntary Action Leeds
Better Connect Kickstart
Co-op Foundation
HMRC Coronavirus Job Retention Scheme
Other donations
3 Fees from charitable activities
Contract Income
Leeds Childrens Services
LCC ACLS
HAVA SLA
4 Other trading activities
Office and mailbox services
Room hire
Rental income		 2023
Unrestricted
funds
£
-
-
-
-
-
-
-
-
45,000
-
-
-
-
-
-
-
45,000
2023
Unrestricted
funds
£
-
-
-
-
2023
Unrestricted
funds
£
1,720
66,032
7,250
75,002		 2023
Restricted
funds
£
1,212
20,922
2,000
25,518
4,000
100
-
3,125
9,930
-
2,000
523
1,000
-
-
-
-
70,330
2023
Restricted
funds
£
-
-
-
-
2023
Restricted
funds
£
-
-
-
-		 2023
Total
funds
£
1,212
20,922
2,000
25,518
4,000
100
-
3,125
9,930
45,000
2,000
523
1,000
-
-
-
-
115,330
2023
Total
funds
£
-
-
-
-
2023
Total
funds
£
1,720
66,032
7,250
75,002		 2022
Total
funds
£
-
4,471
11,360
-
-
-
28,236
-
-
40,000
-
-
-
12,763
1,192
1,152
139
99,313
2022
Total
funds
£
23,105
6,546
4,309
33,960
4610
Total
funds
£
1,601
52,598
9,800
63,999

11

Cardigan Centre

Notes to the accounts continued

for the year ended 31 August 2023

5a Charitable activities expenditure detail
Salaries, NI and pensions
(5b)
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
5b Staff costs and numbers
Gross salaries
Social security costs
Employment allowance
Pensions		 2023
Unrestricted
funds
£
68,428
162
-
-
70
185
247
7,414
1,639
1,478
6,572
1,180
2,697
632
50
3,010
823
340
-
2,520
101
2,586
216
6,470
376
107,196		 2023
Restricted
funds
£
36,176
56
124
-
350
-
-
-
-
-
5,464
-
13,175
-
-
-
-
-
-
-
-
-
-
-
-
55,345		 2023
Total
cost
£
104,604
218
124
-
420
185
247
7,414
1,639
1,478
12,036
1,180
15,872
632
50
3,010
823
340
-
2,520
101
2,586
216
6,470
376
162,541
2023
£
102,499
5,652
(5,000)
1,453
104,604		 2022
Total
cost
£
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

The average number of employees during the year was 8.2, being an average of 5.1 full time equivalent (2022: 9.7, 7.9 FTE). There were no employees with emoluments above £60,000.

Defined contribution pension scheme 2023 2022
£ £
Costs of the scheme to the charity for the year 1,453 2,636
Amount of any contributions outstanding at the year end 318 281

12

Cardigan Centre

Notes to the accounts continued

for the year ended 31 August 2023

6 Restricted funds
BARCA Community and Youth
Groundwork UK
LCC Elders Connect
Everfit - Wellbeing Fund
LCC MICE
Tudor Trust
Voluntary Action Leeds
Wades's Charity - SOAR
LCHT Warm spaces
Asda Foundation
Tudor Wellbeing
Leeds Co-op
LCC Digital Leeds
WYCA
St. Chad's
LCC WBI
LCC Wellbeing grant
BARCA warm spaces funding
LCC Elders Connect
NLCF Elders Connect		 Balance b/f
£
4,321
1,166
8,620
1,020
-
14,402
-
2,294
-
-
1,183
2,500
925
-
247
-
-
-
-
-
36,678		 Incoming
£
20,422
-
-
-
4,000
-
1,000
-
3,125
1,212
2,000
-
-
523
-
25,518
100
500
2,000
9,930
70,330		 Outgoing
£
22,578
-
4,964
-
3,751
14,402
-
1,330
842
31
394
1,408
-
523
-
2,518
100
-
2,000
504
55,345		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(23,000)
-
-
-
-
(23,000)		 Balance c/f
£
2,165
1,166
3,656
1,020
249
-
1,000
964
2,283
1,181
2,789
1,092
925
-
247
-
-
500
-
9,426
28,663

Fund name

BARCA Community and Youth Groundwork UK LCC Elders Connect

Everfit - Wellbeing Fund LCC MICE Tudor Trust Voluntary Action Leeds Wades's Charity - SOAR LCHT Warm spaces Asda Foundation Tudor Wellbeing Leeds Co-op LCC Digital Leeds WYCA St. Chad's LCC WBI

LCC Wellbeing grant BARCA warm spaces funding LCC Elders Connect

NLCF Elders Connect

Purpose of restriction

To fund the delivery of youth work in the school on a weekly basis. To support crèche workers, under Tesco Bags for Life' scheme. To fund delivery of fruit and other products to elderly persons during extended lockdown periods.

Provision of an exercise tutor to deliver sessions to older people. Towards warm room capital equipment, materials and consumables. To fund employment of a general manager.

Warm spaces funding. Delivery of free break activities to children and families. Warm spaces funding. Warm spaces funding for 2023/ 24. To support staff and volunteer wellbeing.

To assist the ESOL cafe, which ran alongside courses delivered. To fund digital equipment to deliver learning sessions. For changing from halogen lights to LEDs.

To fund staff costs of a crèche for accredited childcare courses.

Towards installing solar panels and replacement of a fire door. The transfer relates to the solar panels which will be depreciated in unrestricted funds. To support staff and volunteer wellbeing. Towards the cost of providing warm spaces. To cover the cost of sessions for the Elders group and provide a warm space environment.

Towards the Elders Connect project.

13

Cardigan Centre

Notes to the accounts continued

for the year ended 31 August 2023

7
8
9
**10 **		 Tangible assets
Cost
At 1 September 2022
Additions
At 31 August 2023
Depreciation
At 1 September 2022
Charge for year
At 31 August 2023
Net book value
At 31 August 2023
At 31 August 2022
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 and overdrafts
Creditors
Accruals
Taxation and social security
Other creditors		 £
147,474
-
147,474
147,474
-
147,474
-
-
Leasehold
buildings		 £
184,960
-
184,960
183,520
720
184,240
720
1,440
Plant &
machinery		 £
2,292
23,000
25,292
2,292
5,750
8,042
17,250
-
2023
£
17,058
199
4,529
10,000
31,786
2023
£
82,854
-
82,854
2023
£
1,707
1,200
3,137
1,449
5,818
13,311
Fixtures,
fittings &
t		 Total
£
334,726
23,000
357,726
333,286
6,470
339,756
17,970
1,440
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

14

Cardigan Centre

Notes to the accounts continued

for the year ended 31 August 2023

11 Creditors: amounts falling due after one year
Accruals for grants payable
Bank loans		 2023
£
10,810
10,810		 2022
£
9,148
9,148

12 Related party transactions

Trustee expenses

No trustee received any expenses during this year or the previous year.

Trustee expenses

During the year x trustees were paid a total of £y in respect of travel (previous year: w trustees and £z).

Remuneration and benefits received by key management personnel

The total employee benefits received by key management personnel were £39,024 (previous year: £39,929).

Other transactions with trustees or related parties
2023
£
Marian Charlton
5,500
5,500
13 Operating leases
2023
£
Within one year
-
In the second to fifth years inclusive
-
Over five years from the balance sheet date
-
-
14 Funds held as agent
Balance b/f
Incoming
Outgoing
£
£
£
Leeds Community Healthcare Trust
-
21,875
21,875
-
21,875
21,875
Fund name
Additional information
Leeds Community Healthcare T
Description of transaction
The charity administered the distribution of funding on behalf of
Community Healthcare trust to 7 other local charities.
Expected future minimum lease payments over the remaining life of the
lease, analysed into the period in which the commitment falls due:
Loan to charity
Name of trustee		 2022
£
5,500
5,500
2022
£
558
-
-
558
Balance c/f
£
-
-
Leeds

15

Cardigan Centre

Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 August 2023

2023
2022
Unrestricted Unrestricted
funds
funds
£
£
Income
Donations and legacies
45,000
139
Fees from charitable activities
-
33,960
Other trading activities
75,002
63,999
Bank interest
179
(369)
Other income
2,535
3,986
Total income
122,716
101,715
Expenditure
Charitable activities
107,196
114,644
Total expenditure
107,196
114,644
Net income / (expenditure)
15,520
(12,929)
Transfers between funds
23,000
2,300
Net movement in funds
38,520
(10,629)
Fund balances brought forward
41,306
51,935
Fund balances carried forward
79,826
41,306		 2023
Restricted
funds
£
70,330
-
-
-
-
70,330
55,345
55,345
14,985
(23,000)
(8,015)
36,678
28,663		 2022
Restricted
funds
£
99,174
-
-
438
-
99,612
99,153
99,153
459
(2,300)
(1,841)
38,519
36,678		 2023
Total
funds
£
115,330
-
75,002
179
2,535
193,046
162,541
162,541
30,505
-
30,505
77,984
108,489		 2022
Total
funds
£
99,313
33,960
63,999
69
3,986
201,327
213,797
213,797
(12,470)
-
(12,470)
90,454
77,984

16