Cardigan Centre
Charity number 1003087
A company limited by guarantee number 02608879
Annual Report and Financial Statements
for the period 1 September 2023 to 31 March 2024
Cardigan Centre
Annual Report and Financial Statements for the period 1 September 2023 to 31 March 2024
| 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
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Cardigan Centre
Trustees' report for the period 1 September 2023 to 31 March 2024
Reference and administrative details of the charity, its trustees and advisors
The trustees during the period and up to and including the date the report was approved were: Name Position Dates Marian Charlton Co-chair Neil Walshaw Co-chair resigned 28 Jun 2024 David Nugent Treasurer Susan Buckle Kayleigh Brooks Talib Hussain appointed 30 Nov 2023 Sophie Larner-Vincent appointed 29 Aug 2024
appointed 30 Nov 2023 appointed 29 Aug 2024
Charity number 1003087 Company number 02608879 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
Registered in England and Wales Registered in England and Wales
Independent examiner
Katy Sargeant ACA 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.
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Cardigan Centre
Trustees' report (continued) for the period 1 September 2023 to 31 March 2024
Objectives and activities
The charity's objects
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
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l To promote the social, physical, emotional, mental and economic wellbeing of all members of our community.
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l To Support the development of new and existing community groups through our facilities of our building and services we provide.
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l To provide responsive services which are relevant to community needs to ensure sustainability through reducing over reliance on single source funding.
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l Rooted in the community to generate capacity building.
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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.
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l To contribute to the wider community for neighbourhood improvements through campaigning and staying active in local forums and groups.
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l To Reduce or carbon footprint and recycle to improve where we can for the environment.
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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.
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.
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Cardigan Centre
Trustees' report (continued) for the period 1 September 2023 to 31 March 2024
Public benefit statement
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.
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l On an average of 50 people per week who attend our projects and classes for their personal development. We hire out our rooms to 18 self-managed community groups per week who provide personal development, learning, confidence building and fitness. This attracts another 300 people a week.
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l NHS Primary Care Network based at the centre who provide various clinics supporting the community with their health.
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l Developed new projects based on community needs with emphasis on health and wellbeing.
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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.
Financial review
The net expenditure for the period was £40,887, including net expenditure of £36,719 on unrestricted funds and net expenditure of £4,168 on restricted funds.
Reserves policy
The charity's free reserves, (the net unrestricted funds, including long term liabilities and excluding fixed assets), at the year end were £31,607. However, excluding the long term liabilities, the unrestricted net current assets, or the charity's working capital, was £41,494.
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.
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Cardigan Centre
Trustees' report (continued) for the period 1 September 2023 to 31 March 2024
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 14/8/2025
David Nugent (Trustee)
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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 period 1 September 2023 to 31 March 2024, 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:
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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
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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
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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.
Katy Sargeant ACA
14/8/2025
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
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Cardigan Centre
Statement of Financial Activities
(including summary income and expenditure account) for the period 1 September 2023 to 31 March 2024
| Notes 2024 Unrestricted funds £ Income from: Donations and legacies (2) - Other trading activities (3) 41,667 Bank interest 768 Other 272 Total income 42,707 Expenditure on: Charitable activities (4) 79,426 Total expenditure 79,426 Net income / (expenditure) (36,719) Fund balances brought forward 79,826 Fund balances carried forward (5) 43,107 |
2024 Restricted funds £ 17,378 - - - 17,378 21,546 21,546 (4,168) 28,663 24,495 |
2024 Total funds £ 17,378 41,667 768 272 60,085 100,972 100,972 (40,887) 108,489 67,602 |
2023 Total funds £ 115,330 75,002 179 2,535 193,046 162,541 162,541 30,505 77,984 108,489 |
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
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Cardigan Centre
Balance sheet
| as at 31 March 2024 2024 Unrestricted £ Fixed assets Tangible assets (6) 11,500 Total fixed assets 11,500 Current assets Debtors and prepayments (7) 20,060 Cash at bank 32,974 Total current assets 53,034 Current liabilities: amounts falling due within one year Creditors and accruals (8) 11,540 Total current liabilities 11,540 Net current assets / (liabilities) 41,494 Total assets less current liabilities 52,994 Creditors: amounts falling due after one year (9) 9,887 Net assets 43,107 Funds Unrestricted funds 43,107 Restricted funds - Total funds 43,107 |
2024 Restricted £ - - - 24,495 24,495 - - 24,495 24,495 - 24,495 - 24,495 24,495 |
2024 Total £ 11,500 11,500 20,060 57,469 77,529 11,540 11,540 65,989 77,489 9,887 67,602 43,107 24,495 67,602 |
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 |
|---|---|---|---|
For the period ending 31 March 2024 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 14/8/2025
David Nugent (Trustee)
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Cardigan Centre
Notes to the accounts
for the period 1 September 2023 to 31 March 2024
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, if 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
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.
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Cardigan Centre
Notes to the accounts
for the period 1 September 2023 to 31 March 2024
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.
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Cardigan Centre
Notes to the accounts continued
for the period 1 September 2023 to 31 March 2024
| 2 Donations and legacies All Hallows BARCA - Leeds Asda Foundation LCC Elders Connect LCC Wards Based Iniative (WBI) LCC MICE LCC Small 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 3 Other trading activities Office and mailbox services Room hire Rental income |
2024 Unrestricted funds £ - - - - - - - - - - - - - - 2024 Unrestricted funds £ 536 37,060 4,070 41,666 |
2024 Restricted funds £ 400 16,978 - - - - - - - - - - - 17,378 2024 Restricted funds £ - - - - |
2024 Total funds £ 400 16,978 - - - - - - - - - - - 17,378 2024 Total funds £ 536 37,060 4,070 41,666 |
2023 Total funds £ - 20,922 1,212 2,000 25,518 4,000 100 3,125 9,930 45,000 2,000 523 1,000 115,330 2023 Total funds £ 1,720 66,032 7,250 75,002 |
|---|---|---|---|---|
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Cardigan Centre
Notes to the accounts continued
for the period 1 September 2023 to 31 March 2024
| 4a Charitable activities expenditure detail Salaries, NI and pensions (8c) Travel Recruitment 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 Independent examination Payroll charges Legal and professional fees Bank charges Depreciation Loan interest 4b Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions |
2024 Unrestricted funds £ 54,500 36 16 - 180 146 8,999 1,609 726 1,842 961 (347) 419 120 851 29 559 1,680 150 155 152 6,470 173 79,426 |
2024 Restricted funds £ 12,362 - 8 - - - - - - - - 8,924 - - 252 - - - - - - - - 21,546 |
2024 Total cost £ 66,862 36 24 - 180 146 8,999 1,609 726 1,842 961 8,577 419 120 1,103 29 559 1,680 150 155 152 6,470 173 100,972 2024 £ 64,318 4,101 (2,622) 1,065 66,862 |
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 |
|---|---|---|---|---|
The average number of employees during the year was 7.3, being an average of 3.8 full time equivalent (2023: 8.2, 5.3 FTE). There were no employees with emoluments above £60,000.
| Defined contribution pension scheme | 2024 | 2023 |
|---|---|---|
| £ | £ | |
| Costs of the scheme to the charity for the year | 1,065 | 1,453 |
| Amount of any contributions outstanding at the year end | 339 | 318 |
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Cardigan Centre
Notes to the accounts continued
for the period 1 September 2023 to 31 March 2024
| 5 Restricted funds BARCA Community and Youth Groundwork UK Elders Connect NLCF Elders Connect 23/24 Everfit - Wellbeing Fund LCC MICE Voluntary Action Leeds Wades's Charity - SOAR LCHT Warm spaces Asda Foundation Tudor Wellbeing Leeds Co-op LCC Digital Leeds St. Chad's BARCA Warm Spaces All Hallows Warm Spaces |
Balance b/f £ 2,165 1,166 3,656 9,426 1,020 249 1,000 964 2,283 1,181 2,789 1,092 925 247 500 - 28,663 |
Incoming £ 16,978 - - - - - - - - - - - - - - 400 17,378 |
Outgoing £ 18,074 - 1,403 - 764 - - - - 131 442 - 732 - - - 21,546 |
Transfers £ - - - - - - - - - - - - - - - - - |
Balance c/f £ 1,069 1,166 2,253 9,426 256 249 1,000 964 2,283 1,050 2,347 1,092 193 247 500 400 24,495 |
|---|---|---|---|---|---|
Fund name
BARCA Community and Youth Groundwork UK Elders Connect
NLCF Elders Connect 23/24 Everfit - Wellbeing Fund LCC MICE Voluntary Action Leeds Wades's Charity - SOAR LCHT Warm spaces Asda Foundation Tudor Wellbeing Leeds Co-op LCC Digital Leeds St. Chad's BARCA Warm Spaces All Hallows Warm Spaces
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 cover the cost of sessions for the Elders group and provide a warm space environment.
Towards the Elders Connect project. Provision of an exercise tutor to deliver sessions to older people. Towards warm room capital equipment, materials and consumables. 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. To fund staff costs of a crèche for accredited childcare courses. Towards the cost of providing warm spaces. Warm spaces funding.
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Cardigan Centre
Notes to the accounts continued
for the period 1 September 2023 to 31 March 2024
| 6 7 **8 ** |
Tangible assets Cost At 1 September 2023 Additions At 31 March 2024 Depreciation At 1 September 2023 Charge for year At 31 March 2024 Net book value At 31 March 2024 At 31 August 2023 Debtors and prepayments Debtors Prepayments Accrued income Other debtors Creditors and accruals Bank loans and overdrafts Trustee loan Creditors Accruals Fees income received in advance Taxation and social security Other creditors |
£ 147,474 - 147,474 147,474 - 147,474 - - Leasehold buildings |
£ 184,960 - 184,960 184,240 720 184,960 - 720 Plant & machinery |
£ 25,292 - 25,292 8,042 5,750 13,792 11,500 17,250 2024 £ 18,007 1,020 - 1,033 20,060 2024 £ 1,719 5,500 30 2,478 1,474 - 339 11,540 Fixtures, fittings & |
Total £ 357,726 - 357,726 339,756 6,470 346,226 11,500 17,970 2023 £ 17,058 199 4,529 10,000 31,786 2023 £ 1,707 5,500 1,200 3,137 - 1,449 318 13,311 |
|---|---|---|---|---|---|
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Cardigan Centre
Notes to the accounts continued
for the period 1 September 2023 to 31 March 2024
| 9 Creditors: amounts falling due after one year Bank loans |
2024 £ 9,887 9,887 |
2023 £ 10,810 10,810 |
|---|---|---|
10 Related party transactions
Trustee expenses
No trustee received any expenses during this period or the previous year.
Trustee remuneration and benefits
No trustee received any remuneration or benefit during this period or the previous year.
Remuneration and benefits received by key management personnel
The total employee benefits received by key management personnel were £24,619 (previous year: £39,024).
| 11 Operating leases Within one year In the second to fifth years inclusive Over five years from the balance sheet date Expected future minimum lease payments over the remaining life of the lease, analysed into the period in which the commitment falls due: |
2024 £ 1,342 1,678 - 3,020 |
2023 £ - - - - |
|---|---|---|
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Cardigan Centre
Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the period 1 September 2023 to 31 March 2024
| 2024 2023 Unrestricted Unrestricted funds funds £ £ Income Donations and legacies - 45,000 Other trading activities 41,667 75,002 Bank interest 768 179 Other 272 2,535 Total income 42,707 122,716 Expenditure Charitable activities 79,426 107,196 Total expenditure 79,426 107,196 Net income / (expenditure) (36,719) 15,520 Transfers between funds - 23,000 Net movement in funds (36,719) 38,520 Fund balances brought forward 79,826 41,306 Fund balances carried forward 43,107 79,826 |
2024 Restricted funds £ 17,378 - - - 17,378 21,546 21,546 (4,168) - (4,168) 28,663 24,495 |
2023 Restricted funds £ 70,330 - - - 70,330 55,345 55,345 14,985 (23,000) (8,015) 36,678 28,663 |
2024 Total funds £ 17,378 41,667 768 272 60,085 100,972 100,972 (40,887) - (40,887) 108,489 67,602 |
2023 Total funds £ 115,330 75,002 179 2,535 193,046 162,541 162,541 30,505 - 30,505 77,984 108,489 |
|---|---|---|---|---|
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