## Cardigan Centre
Charity number 1003087
A company limited by guarantee number 02608879
Annual Report and Financial Statements
for the year ended 31 March 2025
## Cardigan Centre
Annual Report and Financial Statements for the year ended 31 March 2025
|**Contents**|**Page**|
|---|---|
|Trustees' report|2 to 7|
|Examiner's report|8|
|Statement of financial activities|9|
|Balance sheet|10|
|Notes to the accounts|11 to 18|
## **Prepared by West Yorkshire Community Accountancy Service CIO**
1
## Cardigan Centre
## Trustees' report for the year ended 31 March 2025
## **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**
**Position Dates** Marian Charlton Co-chair Neil Walshaw Co-chair resigned 28 Jun 2024 David Nugent Treasurer Susan Buckle Kayleigh Brooks Talib Hussain Sophie Larner-Vincent appointed 29 Aug 2024
appointed 29 Aug 2024 Registered in England and Wales Registered in England and Wales
**Charity number** 1003087 **Company number** 02608879
## **Registered and principal address**
145-149 Cardigan Road Leeds LS6 1LJ
## **Bankers**
Unity Trust Bank Co-operative Bank Four Brindley Place P O Box 250 Birmingham Skelmersdale B1 2HB WN8 6WT
## **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.
2
## Cardigan Centre
## Trustees' report (continued) for the year ended 31 March 2025
## **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
- 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 or 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.
## **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.
3
## Cardigan Centre
## Trustees' report (continued) for the year ended 31 March 2025
## **Public benefit statement continued**
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**
This year has marked significant progress for Cardigan Community Centre in delivering on our charitable objectives through inclusive, empowering, and community-led work. In response to the ongoing challenges of the cost of living crisis, growing social inequality, and mental health pressures, we have continued to provide vital programmes that support wellbeing, encourage civic pride, and build resilience across generations.
## **Elders Connect**
Our Elders Connect group has grown stronger, supporting older people from diverse ethnic backgrounds. Weekly mindfulness and wellbeing sessions were held, addressing loneliness and mental health challenges. A highlight was our group trip to **Skipton** , offering a day of connection with nature, shared experience, and emotional rejuvenation. The year concluded with an **end-of-year celebration** where members reflected on personal growth and community belonging. The programme has reduced isolation and given elders a renewed sense of identity and purpose.
## **Youth Development**
Through targeted work with young people, we delivered a range of youth-led initiatives focused on life skills, personal development, and intergenerational connection. Young people were involved in decision-making, supporting activities such as community events, environmental projects, and volunteering. This participatory approach helped foster responsibility, creativity, and cross-cultural understanding. Many have gone on to further education, training, or employment, supported by our mentoring and pathways programme.
## **Cost of Living Project**
We responded swiftly to the cost of living crisis with tailored support for vulnerable individuals and families. Our project included access to emergency aid, benefit advice sessions, winter clothing distribution (in partnership with Leeds City Council), and warm spaces over the winter months. Over 400 people were supported, helping them maintain dignity and stability during a period of acute financial pressure. Feedback showed that our support alleviated both economic and emotional stress for many.
## **Community Streets – Bin Yard Renewal Project**
As part of our drive to create safer, greener, and more connected neighbourhoods, we piloted the **Community Streets Bin Yard Renewal Project** . Working with local residents, we transformed previously neglected bin yards into **safe, clean, and inviting shared spaces** . We installed **mindfulness planters** , community artwork, and provided seating to encourage neighbourly interaction. These improvements have reduced fly-tipping, improved the environment, and supported residents’ mental health and pride in place.
## **Health and Mindfulness – Partnership with the NHS**
Our strong partnership with local NHS teams has led to several co-designed projects that put **community wellbeing at the centre** . Initiatives have included:
- l **Mindfulness for Wellbeing** groups for residents managing long-term conditions
- l Workshops on **nutrition, managing stress, and movement**
- l Community health awareness events focused on reducing health inequalities
4
## Cardigan Centre
## Trustees' report (continued) for the year ended 31 March 2025
## **Achievements and performance**
These collaborations have helped reduce barriers to healthcare, empowered participants with practical tools for managing their health, and supported early prevention strategies within communities often underserved by mainstream services.
## **Impact and Wider Benefit to Society**
Our work this year has:
- l Directly supported over **1,000 beneficiaries**
- l Improved mental wellbeing across all age groups
- l Reduced social isolation and increased civic participation
- l Contributed to environmental sustainability through green interventions
- l Supported economic resilience in response to poverty and financial insecurity
## We have strengthened **social bonds between communities** , **bridged generational divides** , and
encouraged **shared ownership of public space** . The model we have developed is not only relevant locally but reflects best practices that can be replicated in other urban communities.
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.
On an average of 50 people per week who attend our projects and classes for their personal
- l 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.
- l NHS Primary Care Network based at the centre who provide various clinics supporting the community with their health.
- l Developed new projects based on community needs with emphasis on health and wellbeing.
- 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.
## **Conclusion**
2024–2025 has been a transformative year for Cardigan Community Centre. Our community-first approach, rooted in inclusion, wellbeing, and collaboration, has delivered meaningful impact. As we look ahead, we remain committed to building a more just, connected, and hopeful future for all.
5
## Cardigan Centre
## Trustees' report (continued) for the year ended 31 March 2025
## **Financial review**
The net expenditure for the year was £1,731, including net expenditure of £19,401 on unrestricted funds and net income of £17,670 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 £17,956. However, excluding the long term liabilities, the unrestricted net current assets, or the charity's working capital, was £26,210.
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.
On the basis of projected expenditure for 2025/26, this means reserves should be in the range of a minimum of £43k and a maximum of £86k.
Board recognises that the organisation’s free reserves have fallen over the course of the year and are behind target, following a significant restructure and redesign of our services. The rebuilding exercise continues and through judicious spending, effective fundraising, and expansion of its services. Board expects the reserves to grow slowly towards our current target.
6
## Cardigan Centre
## Trustees' report (continued) for the year ended 31 March 2025
## **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)
7
## 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 March 2025, which are set out on pages 9 to 18.
## **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**
Since the charitable company's gross income exceeded £250,000 your examiner must be a fellow 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 fellow of ICAEW which is one of the listed bodies.
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.
Katy Sargeant ACA
14/8/2025
## **West Yorkshire Community Accountancy Service CIO**
Stringer House 34 Lupton Street Leeds LS10 2QW
8
## Cardigan Centre
## Statement of Financial Activities
## (including summary income and expenditure account) for the year ended 31 March 2025
|Notes
2025
Unrestricted
funds
£
**Income from:**
Donations and legacies
(2)
45,400
Other trading activities
(3)
83,113
Bank interest
741
Other
-
**Total income**
129,254
**Expenditure on:**
Charitable activities
(4)
149,026
**Total expenditure**
149,026
**Net income / (expenditure)**
(19,772)
**Transfers between funds**
371
**Net movement in funds**
(19,401)
**Fund balances brought forward**
43,107
**Fund balances carried forward**
(5)
23,706|2025
Restricted
funds
£
68,180
-
-
-
68,180
50,139
50,139
18,041
(371)
17,670
24,495
42,165|2025
Total
funds
£
113,580
83,113
741
-
197,434
199,165
199,165
(1,731)
-
(1,731)
67,602
65,871|2024
Total
funds
£
17,378
41,667
768
272
60,085
100,972
100,972
(40,887)
-
(40,887)
108,489
67,602|
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
9
## Cardigan Centre
## Balance sheet
|as at 31 March 2025
2025
Unrestricted
£
**Fixed assets**
Tangible assets
(6)
5,750
**Total fixed assets**
5,750
**Current assets**
Debtors and prepayments
(7)
13,989
Cash at bank
31,218
**Total current assets**
45,207
**Current liabilities:**
**amounts falling due within one year**
Creditors and accruals
(8)
18,997
**Total current liabilities**
18,997
**Net current assets / (liabilities)**
26,210
**Total assets less current liabilities**
31,960
**Creditors: amounts falling due after one year**
(9)
8,254
**Net assets**
23,706
**Funds**
Unrestricted funds
23,706
Restricted funds
-
**Total funds**
23,706|2025
Restricted
£
-
-
-
42,165
42,165
-
-
42,165
42,165
-
42,165
-
42,165
42,165|2025
Total
£
5,750
5,750
13,989
73,383
87,372
18,997
18,997
68,375
74,125
8,254
65,871
23,706
42,165
65,871|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|
|---|---|---|---|
For the year ending 31 March 2025 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)
10
## Cardigan Centre
## Notes to the accounts
## for the year ended 31 March 2025
## **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.
11
## Cardigan Centre
## Notes to the accounts
## for the year ended 31 March 2025
## **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.
12
## Cardigan Centre
## Notes to the accounts continued
## for the year ended 31 March 2025
|**2 Donations and legacies**
All Hallows
BARCA - Leeds
Hamara
Leeds City Council (LCC)
The Tudor Trust
Together 4 Peace
Voluntary Action Leeds (VAL)
Other grants and donations
**3 Other trading activities**
Office and mailbox services
Room hire
Rental income|2025
Unrestricted
funds
£
-
-
-
-
45,000
-
-
-
45,000
2025
Unrestricted
funds
£
903
58,720
22,028
81,651|2025
Restricted
funds
£
4,200
26,180
25,000
6,500
-
3,500
2,500
300
68,180
2025
Restricted
funds
£
-
-
-
-|2025
Total
funds
£
4,200
26,180
25,000
6,500
45,000
3,500
2,500
300
113,180
2025
Total
funds
£
903
58,720
22,028
81,651|2024
Total
funds
£
400
16,978
-
-
-
-
-
-
17,378
2024
Total
funds
£
536
37,060
4,070
41,666|
|---|---|---|---|---|
13
## Cardigan Centre
## Notes to the accounts continued
## for the year ended 31 March 2025
|**4b 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
**4c Staff costs and numbers**
Gross salaries
Social security costs
Employment allowance
Pensions|2025
Unrestricted
funds
£
98,255
144
-
570
356
920
13,457
825
1,887
14,627
1,683
-
697
294
4,151
427
1,178
2,880
387
47
248
5,750
243
149,026|2025
Restricted
funds
£
25,046
10
538
-
-
-
-
-
-
-
-
22,721
-
-
1,824
-
-
-
-
-
-
-
-
50,139|2025
Total
cost
£
123,301
154
538
570
356
920
13,457
825
1,887
14,627
1,683
22,721
697
294
5,975
427
1,178
2,880
387
47
248
5,750
243
199,165
2025
£
118,885
7,426
(5,000)
1,990
123,301|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|
|---|---|---|---|---|
The average number of employees during the year was 8.1, being an average of 4.4 full time equivalent (2024: 7.3, 3.8 FTE). There were no employees with emoluments above £60,000.
|**Defined contribution pension scheme**|2025|2024|
|---|---|---|
||£|£|
|Costs of the scheme to the charity for the year|1,990|1,065|
|Amount of any contributions outstanding at the year end|376|339|
14
## Cardigan Centre
## Notes to the accounts continued
## for the year ended 31 March 2025
|**5 Restricted funds**
Hamara Inspiring Futures
BARCA Community and Youth
Groundwork UK
T4P - Community Streets
Elders Connect
NLCF Elders Connect 23/24
Everfit - Wellbeing Fund
LCC MICE
LCC UKSPF
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
University of Leeds|Balance b/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|Incoming
£
25,000
26,180
-
3,500
-
-
-
-
6,500
2,500
-
-
-
-
-
-
-
-
4,200
300
68,180|Outgoing
£
5,051
24,929
1,166
2,100
1,494
3,639
256
-
6,438
-
127
2,283
893
805
218
193
247
-
-
300
50,139|Transfers
£
-
-
-
(371)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(371)|Balance c/f
£
19,949
2,320
-
1,029
759
5,787
-
249
62
3,500
837
-
157
1,542
874
-
-
500
4,600
-
42,165|
|---|---|---|---|---|---|
## **Fund name**
Hamara Inspiring Futures BARCA Community and Youth Groundwork UK T4P - Community Streets
Elders Connect
NLCF Elders Connect 23/24 Everfit - Wellbeing Fund LCC MICE LCC UKSPF
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 University of Leeds
## **Purpose of restriction**
Towards the youth work project "Inspiring Futures".
To fund the delivery of youth work in the school on a weekly basis. To support crèche workers, under Tesco Bags for Life' scheme. Towards cleaning up neighbourhood bin yards. The transfer is to recognise a contribution towards the Centre's overheads.
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. Digital equipment and accessories to increase digital inclusion for their service users Warm spaces funding. Delivery of free break activities to children and families. Warm spaces funding. Warm spaces funding. 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.
Towards costs of attending an inclusivity event.
15
## Cardigan Centre
## Notes to the accounts continued
## for the year ended 31 March 2025
|**6 **
**7 **
**8 **|**Tangible assets**
**Cost**
£
At 1 March 2024
-
Additions
-
At 31 March 2025
-
**Depreciation**
At 1 March 2024
-
Charge for year
-
At 31 March 2025
-
**Net book value**
At 31 March 2025
-
At 31 March 2024
-
**Debtors and prepayments**
Debtors
Prepayments
Other debtors
**Creditors and accruals**
Bank loans and overdrafts
Trustee loan
Creditors
Accruals
Fees income received in advance
Other creditors
Class 4|£
147,474
-
147,474
147,474
-
147,474
-
-
Leasehold
buildings|£
184,960
-
184,960
184,960
-
184,960
-
-
Plant &
machinery|£
25,292
-
25,292
13,792
5,750
19,542
5,750
11,500
2025
£
11,556
1,220
1,213
13,989
2025
£
1,738
5,500
539
5,842
5,002
376
18,997
Fixtures,
fittings &|Total
£
357,726
-
357,726
346,226
5,750
351,976
5,750
11,500
2024
£
18,007
1,020
1,033
20,060
2024
£
1,719
5,500
30
2,478
1,474
339
11,540|
|---|---|---|---|---|---|
16
## Cardigan Centre
## Notes to the accounts continued
## for the year ended 31 March 2025
|**9 Creditors: amounts falling due after one year**
Bank loans|2025
£
8,254
8,254|2024
£
9,887
9,887|
|---|---|---|
## **10 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 £34,964 (previous year: £24,619).
## **Other related party transactions**
|**Loans**
**Name of trustee or related party**
Marian Charlton
Loan to charity
**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:|2025
£
5,500
5,500
2025
£
1,176
294
-
1,470|2024
£
5,500
5,500
2024
£
1,342
1,678
-
3,020|
|---|---|---|
17
## Cardigan Centre
## Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2025
|2025
2024
Unrestricted Unrestricted
funds
funds
£
£
**Income**
Donations and legacies
45,400
-
Other trading activities
83,113
41,667
Bank interest
741
768
Other
-
272
**Total income**
129,254
42,707
**Expenditure**
Charitable activities
149,026
79,426
**Total expenditure**
149,026
79,426
**Net income / (expenditure)**
(19,772)
(36,719)
**Transfers between funds**
371
-
**Net movement in funds**
(19,401)
(36,719)
**Fund balances brought forward**
43,107
79,826
**Fund balances carried forward**
23,706
43,107|2025
Restricted
funds
£
68,180
-
-
-
68,180
50,139
50,139
18,041
(371)
17,670
24,495
42,165|2024
Restricted
funds
£
17,378
-
-
-
17,378
21,546
21,546
(4,168)
(4,168)
28,663
24,495|2025
Total
funds
£
113,580
83,113
741
-
197,434
199,165
199,165
(1,731)
-
(1,731)
67,602
65,871|2024
Total
funds
£
17,378
41,667
768
272
60,085
100,972
100,972
(40,887)
-
(40,887)
108,489
67,602|
|---|---|---|---|---|
18