CHARITY REGISTRATION NO. 1032305
COMPANY REGISTRATION NO. 02796002 (England and Wales)
KIRKLEES COMMUNITY ASSOCIATION
TRUSTEES, REPORT AND AUDITED CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

KIRKLEES COMMUNITY ASSOCIATION
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Pages
Trustees, Report
Statement of trustees, responsibilities
Report of the Independent Auditors
7-10
Consolidated Statement of Financial Activities
li
Consolidated Balance Sheet
12
Charity Balance Sheet
13
Consolidated Cash Flow Statement
14
Notes to the Financial Statements
15-29

KIRKLEES COMMUNITY ASSOCIATION
TRUSTEES, REPORT IINCLUDING DIREcfoRS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees, who are also the Directors of the charity for the purposes of the Companies Act 2006. submit their
report and audited consolidated accounts for the year ended 31 March 2025.
The accounts have been prepared in accordance with the Companies Art 2006, the Charities SORP IFR51021
Accounting and Reporting by Charities Statement of Recommended Prartice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 102 effective l January 20191 and Financial Reporting Standard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland. The company is a Public Benefit Entity as defined by FRS 102.
COMPANY STATUS
The company (registered number 027960021 which is a registered charity Icharity Registration number 10323051
is limited by guarantee without share capital. The company is controlled by iys governing document the
Memorandum and Articles of Association.
ORGANISATIONAL STRucfuRE
A Management Board of up to 12 Directors controls the Association including up to 6 individuals nominated by
Kirklees Metropolitan Council IKMCI and up to 6 Community Directors. Board meetings are held 6 times per
annum.
During the year the company controlled a subsidiary company Kirklees Housing Association IKHAI as KCA
nominees constituted a majority of the Directors of KHA.
During the year resignations were received frorn Cllrs Eric Firth and Paul Moore. The Board wishe5 to record its
sincere thank5 to Eric and Paul for their contribution. particularly Eric who had served for 15 years. In September
2025 the resignation of Tony Hood a long standing Community Director with 14 years service was received. Again
the Board records it's Sincere thanks to Tony.
Cllrs Tyler Hawkins and Munir Ahmed were appointed to the Board in June 2024, and Philip Lucitt was appointed
in August 2025.
Mike France was appointed to the Board in September 2024, he then resigned in November 2025.
Staff support is provided by a combination of Rachael Renton as Projert Officer, Nicki Cartwright and Martin
Bennett. The Board wishes to record ivs thanks to all three for their enthusiasm and commitment to supporting
the work of KCA.
A comprehensive induttion pack with specific information about KCA and more general information about the
role of a Trustee in a Charitable body is provided to new Trustees.
PRINCIPAL A￿1VITIEs
The principal activities of the Group are to promote community benefit in the Kirklees area primarily through the
provision of social and affordable housing.

KIRKLEES COMMUNITY ASSOCIATION
TRUSTEES, REPORT ICONTINUED} (INCLUDING DIREcfoRS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
REVIEW OF A￿1VITIEs
The portfolio of social rent and affordable homes continues to be in high demand due to the level of housing
need in the district. The improvement in capacity has allowed more work to take place on reviewing and
updating policie5 and a55et data with particular regard to recent and planned future legislation relating to both
social and general landlords. This includes reviewing the 5pecific5 of the working arrangement5 betweerb KCA and
KMC. The Board is particularly pleased to note that the five S106 properties acquired by KHA in 2022123 were
fully let during the year under review.
PLANS AND KEY OBJEcfivES FOR THE FUTURE
The Board intend5 to continue to seek and create opportunitie5 Wlth the key objective being to create the
flexibility to take advantage of any potential asset acquisitions or disposals on appropriate term5. The primary
criteria for assessing such opportunities will be the contribution that an intervention can make in active 5UPPOrt
of Kirklees Council's housing policies.
The key priorities therefore are=
continuing to identify partnership working opportunities with a particular focus on specialist provider5 of
accommodation for vulnerable groups where there is a shortage of 5Ultable provision in Kirklees
maintaining the financial and other resource capaaty of KCA to respond on a pragmatic basis to opportunities
that arise
maintaining the existing stock to a high standard. We continue to populate the Asset Management System
recently acquired with relevant data about the properties to improve the basis of OLbr decision making on stock
investment.
PUBLIC BENEFIT
The Board refers to the general guidance provided by the Charity Commission in making decisions on ivs aims
arbd objectives and specific projects. Working for the benefit of the resident5 of Kirklees. particularly those with
higher leve15 of need. The provision of good quality affordable housing to families and individua15 is a direct
public benefit which helps to alleviate poverty and social exclusion. Allocations to the propertie5 are mainly via
the Council's Choice Based letting system which asse55es housing need. Most rents are set with reference to the
Local Housing Allowance rates for Kirklees.
KCA also invests to support the wider community infrastructure as evidenced by the contribution made to the
new MUGA facility at Fieldhead school which will also benefit residents of the KCA properties on the estate.
FUNDRAISING
The KCA Group does not carry out fundraising activity.

KIRKLEES COMMUNITY ASSOCIATION
TRUSTEES, REPORT ICONTINUED} (INCLUDING DIREcfoRS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
FINANCIAL REVIEW
During the year the principal source of income continued to be from rental income from the let properties. The
Group surplus for the year ending 31 March 2025 was £629k12024 deficit £326kl. The principal reason for the
surplus was a positive result from the annual revaluation of fixed assets an increase of £498k as compared with a
reduction last year of £387k. There was one disposal and one acquisition in the year. The rent increases agreed
as from April 2024 resulting in an operating surplus of £131k as compared with £33k for the previous year.
At 31 March 2025 the Group had fixed assets of £18.279m12024 £17.879ml due to the upward movement in the
valuation of the property Portfolio. Long term debt remained static. Cash at bank was £368k as compared with
£204k in 2024.
RISK MANAGEMENT
The Board regularly reviews and evaluates risk particularly in the light of new legislation relating to the rented
housing sector. The Board is aware of the impact of both general cost of living issues and welfare reform have on
our tenants ability to pay rent. Statistics on rent collection levels and arrears are presented to each Board
meeting. During 2024125 a new Asset Management package was purchased to improve the data that KCA holds
about it's properties with a view to targeting investment to continue to provide good quality homes which meet
all current and planned future legislative requirements.
Investment needs are now being addressed more promptly due to additional capacity and the acquisition of an
asset management IT system to replace the existing manual records over time.
In terms of welfare reform and the general economic constraints which impact on many of our tenants, KCA
seeks to maintain close links with the local support agencies including the local authority. The Council continues
to provide a rental guarantee in respett of the Fieldhead properties which mitigates KCA risk. Adeqvate provision
is made in the KCA budget for rent arrears and voids to further mitigate risk.
The Board keeps a close eye on the progress of new legislation impacting on landlords in respect of both the
form of tenancies which can be offered and the condition and ongoing maintainence of the properties provided.
As part of the Management Agreement with the Council a 24 hour repairs notification Servi￿ is provided to KCA
tenants. Our current and future investment strategies are attuned to the legislative requirements that we are
subject to. KCA'S aim is to provide good quality accomodation for it's tenants and it takes this very seriously as a
non profit making charity whose objective is to benefit the residents of Kirklees.
The Board 15 pleased to note the gradual reduction in interest rates over the last 12-18 months which are now
nearing a level at which further investment on acquisitions or the refinance of existing loan arrangements 15
becoming an option to consider.
RESERVES POLICY
The trustees aim to build up and retain liquid reserves equal to the Sinking Fund provision for the propertv
assets. At the year end the Group is holding unrestricted reserves of £11,472,02412024 £10,763,821). This
includes the designated Sinking Fund of £239.81912024 £239.8191 and a revaluation reseNe of £2,995,07712024
£2,533,873).
The Trustees intend to Use any surpluses generated to fund any future acquisitions. planned maintenance and to
provide a contingency to mitigate risk.

KIRKLEES COMMUNITY ASSOCIATION
TRUSTEES, REPORT ICONTINUED) (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
FUNDS
Designated funds are unrestrirted funds which are determined by a specific need to set aside funds to cover
future costs. The designated fund is a Sinking Fund set aside to cover planned replacement work within the
property assets.
Endowment funds represent income received for the purchase of properties where there is an obligation on the
charity to hold those assets for use in fulfilling ivs charitable objectives. If the properties are sold or no longer
used as social housing this funding is Potentially repayable.
DIRECTORS
The Directors of the company during the year were-
P. W. Rock Ichairl
D. M. Firth
R. C. Iredale
P. Johnson
N. Pinnock-Hamilton
P. D. McBride
E. Firth (resigned 27 June 20241
P. P. Moore (resigned 19 August 20241
A. Hood (resigned 18 September 20251
T. C. Hawkins (appointed 17 June 20241
M. Ahmed (appointed 27 June 20241
M. France lappointed 16 September 2024, resigned 30 November 20251
P. Lucitt was appointed as a Director after 31 March 2025 but prior to the date of this report on 12 August 2025.
Kirklees Metropolitan Council nominate"Council members"."Appointed company members" are appointed by a
majority of members. The Directors are not required to retire by rotation.
REFERENCE AND ADMINISTRATIVE D￿Alls
REGISTERED OFFICE
20 Moorland Rise
Meltham
Holmfirth
HD9 SNA
PRINCIPAL OFFICE
I, Floor
Civic Centre 3
High Street
Huddersfield
HDI 2TG

KIRKLEES COMMUNITY ASSOCIATION
TRUSTEES, REPORT {CONTINUED} (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
COMPANY SECRETARY
Paul Kemp
AUDITOR
DJH Audit Limited
Chartered Accountants and Statutory Auditors
The Glades
Festival Wav
Festival Park
Stoke-on-Trent
St3ffordshire
STI 5SQ
BANKERS
Co-operative Bank plc
Leeds Corporate Centre
14 King Street
Leeds
LSI 2HL
SOLICITORS
Ramsdens Solicitors LLP
Oakley House
l Hungerford Rd
Huddersfield
HD3 3AL
AUDITORS
The aLJditors, DIH Audit Limited, will be proposed for re-appointment at the forthcoming Annual General
Meeting.
STATEMENT OF DISCLOSURE TO AUDITOR
In so far as the TrLJStees are aware=
al there is no relevant audit information of which the charitable company s auditors are unaware, and
bl the Tru5tee5 have taken all the steps that they ought to have taken to make thern5elves aware of any relevant
audit information and to establish that the auditors are aware of such information.
Thi5 report h35 been prepared in aiiordance with the special provi510ns of the Companie5 Act 2006 relating to
small companies.
Approved by order of the Board of Tru5tee5 on
2210112026
and signed on it's behalf by..
M r P W Rock- Chair of the Board of Tru5tee5

KIRKLEES COMMUNITY ASSOCIATION
STATEMENT OF TRUSTEES. RESPONSIBIUTIES
FOR THE YEAR ENDED 31 MARCH 2025
The trustees, who are also the directors of Kirklees Community Association for the purpose of company law. are
responsible for preparing the Tru5tees' Report and the financial statements in accordance with applicable law
arbd United Kingdom Accounting Standaids (United Kingdom Generally Accepted Accounting Practicel.
Company law requires the trustees to prepare accounts for each financial year. Under company law the trustees
must not approve the financial statements unless they are satisfied that they give a true and fair view of the
state of affairs of the charitable company and the group, and of the incoming resources and application of
resources, including the income and expenditure. of the group and parent charitable company for that period. In
preparing those financial statements. the trustees are required to..
select suitable accounting policies and then 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 statement5-
prepare the account5 on the going concern basis unle55 it 15 inappropriate to presume that the charitable
company will continue in business.
The trustees are responsible for keeping proper accounting records that are sufficient to show and explain the
charitable company's and the group's transactions and which disclose with reasonable accuracy at any time the
financial position of the charitable company and the group, and to enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the
charitable company and the group, and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.

Auditor's responsibilities for the 

audit of the financial statements 



KIRKLEES COMMUNITY ASSOCIATION
REPORT OF THE INDEPENDENT AUDITORS
TO THE MEMBERS OF KIRKLEES COMMUNITY ASSOCIATION
The other information comprises the information included in the annual report other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information contained
within the annual report.
Our opinion on the financial statements does not cover the other information and, eX￿pt to the extent
otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and. in doing so, consider whether the other information is
materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or
otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether this gives rise to a material misstatement in the financial
statements themselves. If, based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fact. We have nothing to report in this
regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit:
the information given in the trustees, report for the financial year for which the financial statements are
prepared is consistent with the financial statements,. and
the trustees, report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent charitable company and its
environment obtained in the course of the audit, we have not identified material misstatements in the trustees,
report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006
requires us to report to you if, in our opinion-
adequate accounting records have not been kept by the parent charitable company, or returns adequate for
our audit have not been received from branches not visited by us,. or
the parent charitable companws financial statements are not in agreement with the accounting records and
returns,. or
certain disclosures of trustees, remuneration specified by law are not made- or
we have not received all the information and explanations we require for our audit,. or
the trustees were not entitled to take advantage of the small companies exemptions from the requirement to
prepare a Strategic Report or in preparing the trustees, report.

KIRKLEES COMMUNITY ASSOCIATION
REPORT OF THE INDEPENDENT AUDITORS
TO THE MEMBERS OF KIRKLEES COMMUNITY ASSOCIATION
Responsibilities of trustees
As explained more fully in the Statement of Trustees. Responsibilities. the trustees. who are a150 the directors of
the charitable company for the purpose of company law. are responsible for the preparation of the financial
statement5 and for being satisfied that they give a true and fair view. and for such internal control as the trustees
determine is necessary to enable the preparation of financial statements that are free from material
misstatement. whether due to fraud or error.
In preparing the financial statement5. the tru5tee5 are responsible for a5se55ing the group's and the parent
charitable company's ability to continue as a going concern. disclosing. as applicable. matters related to going
concern and using the going concern basis of accounting unle5S the trustees either intend to liquidate the group
or the parent charitable company or to cease operations. or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statement5 a5 a whole are free
from material misstatement, whether due to fraud or error. and to Issue an auditor'5 report that include5 our
opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in
accordance with ISA5 IUKI will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be
expected to influence the economic decisions of useis taken on the basis of these financial statements.
Irregularities. including fraud. are instances of non-cornpliance with law5 and regulations. We design procedures
in line with our responsibilities. outlined above. to detect material misstatements in respect of irregularities,
including fraud. The extent to which our procedures are capable of detecting irregularitie5. including fraud is
detailed below..
As part of designing our audit, we determined materiality and assessed the risk of material misstatement in the
financial statements, whether due to fraud or error, and then designed and performed audit procedures
responsive to those risks. In particular, we looked at where the directors made subjective judgements such as
making assumptions on significant accounting estimates.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-
compliance with laws and regulations, our planning procedures included..
Gaining an understanding of the entity and its environment including the entity's legal and regulatory
framework, any fraud indicators and internal control system via both discussions amongst the engagement team
and with management,.
Enquiring of management whether there was any known, suspected or alleged fraud:
Evaluating management's incentives and opportunities for fraudulent manipulation of the financial statements
including the risk of override of controls: and
- The engagement partner ensuring that the engagement team collectively had the appropriate competence.
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.

KIRKLEES COMMUNITY ASSOCIATION
REPORT OF THE INDEPENDENT AUDITORS
TO THE MEMBERS OF KIRKLEES COMMUNITY ASSOCIATION
Based on our understanding of the company and its industry, the key laws and regulations we considered
included the UK Companies Act, Charities Act120111 and relevant tax legislation.
Auali proceoures penormea Dy tne engagement ieam Inciuaeo Dut were not Iimiteo to:
Evaluating and testing of the operating effectiveness of management's controls designed to prevent and detect
irregularities;
Discussing with the directors the policies and procedures in place regarding identifying and complying with laws
and regulations and whether they were aware of any instances of non-compliance:
Reviewing relevant meeting minutes:
Identifying and testing journal entries;
Designing audit procedures to incorporate unpredictability around the nature, timing or extent of our testing,.
and
Reviewing and testing the accounting estimates to minimise potential bias.
The primary responsibility for the prevention and detection of irregularities including fraud rests with both those
charged with governance and management. There are inherent limitations in the audit procedures described
above and the further removed non-compliance with laws and regulations is from the events and transactions
reflected in the financial statements the less likely we would become aware of such noncompliance. Also, the
risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting
from error, as fraud may involve deliberate concealment by, for example, forgery, intentional
misrepresentations or collusion.
A further description of our responsibilities is available on the Financial Reporting Council's website at..
https://www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members
those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest
extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the
company's members as a body, for our audit work, for this report. or for the opinions we have formed.
Craig Mclntyre (Senior Statutory Auditor)
For and on behalf of
2310112026
Date:.................................................
DJH Audit Limited
Accountants
The Glades
Festival way
Festival Park
Statutory Auditor
Stoke-on-Trent
Staffordshire
STI 5SQ
io

KIRKLEES COMMUNITY ASSOCIATION
CONSOLIDATED STATEMENT OF FINANCIAL AcfiviTIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted
funds
2025
Endowment
funds
2025
Totsl
Total
2025
2024
Notes
Income and endowments from:
Donations and legacies
Incoming resource5 from charitable
activities
Income from investments
Other income
Total income
178,9541
178,9541
163,5521
917.747
917.747
757,170
259,715
52.107
1.229,569
259,715
52,107
1.150,615
241,094
39,529
974,241
178,9541
Expenditure on:
Charitable activities
Net Ilossesl/gains on investments
Net Ideficitl/surplus
1.019,463
40,IM)I
250,107
1,019,463
40,001
171,153
940,924
1313,7681
1280,4511
178.954}
Other recognised gains/{105sesl:
Gains/llossesl on revaluation of fixed assets
Net movement in funds
458,096
708.203
458,096
629.249
145,4161
1325,8671
178.954}
Reconciliation of funds:
Brought fonvard
Total funds carried forward
10,763,821
11,472,024
4,21J4,625
4,125,671
14,968,446
15,597,695
15,294,313
14,968,446
li

KIRKLEES COMMUNITY ASSOCIATION {COMPANY NUMBER 02796002)
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Notes
Fixed assets
Tangible assets
Investment property
12
13,360,376
4,919,001
18,279,377
13,000,010
4,879,001
17,1179,UII
12
Current assets
Debtors
Cash at bankand in hand
13
221,950
367,703
58Y,653
116,813
204,035
320,841
Creditors
Amount5 falling due within one year
14
1933,2731
1567,3091
Net current assets/lliabilitiesl
Total assets less current liabilities
1343,6201
17,935,757
1246,4611
17,632,550
Creditors
Amounts falling due after more than one
year
15
12,338,062)
12,664,104)
Net assets
15,597,695
14,968,446
Funds
Endowment f unds
17
4.125,671
4,204,625
Unrestricted funds..
Designated funds
Gener31 unrestricted fLJnds
18
239,819
8.237.128
2.995,077
239,819
7,990,129
2,533,873
18
Revaluation reserve
18
11,472,024
15.597,695
10,763,821
14,968,446
These financial statements have been prepared in accordance with the provisions applicable to charitable companie5
subject to the small companies regime.
2210112026
The financial 5taternents were approved by the tru5tee5 on
Mr P Rock
Chair of the Board of Trustees
12

KIRKLEES COMMUNITY ASSOCIATION {COMPANY NUMBER 02796002)
CHARITY BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Notes
Fixed assets
Tangible assets
Investment property
12
12,544,376
4,041,001
Ib,5115,377
12, 185,010
3,967,001
16,152,Ull
12
Current assets
Debtor5 falling due within one year
Debtor5 falling due after one year
Cash at bankand in hand
13
13
445.308
889,139
352,326
1.686.773
370,814
796,895
201,Y87
L.369,696
Creditors
Amounts falling due within one year
14
1921,1681
1554,9911
Net current assetsllliabilitiesl
Total assets less current liabilities
765,605
17,350,982
814,705
16,966,716
Creditors
Amount5 falling due after more than one year
15
12,338.0621
12,664,104)
Net assets
15,012,920
14,302,612
Funds
Endowment funds
17
3.679. 171
3.758,125
Unrestricted funds..
Designated fund5
General unrestricted funds
18
239,819
8,136.816
2.957, 114
239,819
7,806,235
2,498,433
18
Revaluation reserve
18
11,333,74Y
15,012,920
IU,544,4117
14,302,612
119,5021
Company's Ilossll5urplu5 for the financial year
710,308
These financial 5taternents have been prepared in accordance with the provisions applicable to charitable
companies subject to the small companies regime.
The financial 5taternents were approved by the tru5tee5 on
2210112026
Mr P Rock
Chair of the Board of Trustees
13

KIRKLEES COMMUNITY ASSOCIATION
CONSOLIDATED CASHFLOW STATEMENT
AS AT 31 MARCH 2025
2025
2024
Notes
Cash flows from operating artivities:
Net cash provided by (used inl operating
activities
21
111,852
371,737
Cash flows from investing activities:
Purchase of tangible fixed assets
Proceed5 on disposal of tangible fixed assets
Net cash provided by (used in) investing
activities
1158,8661
166.000
131,1461
136,000
7,134
104,854
Cash flows from financing activities:
Repayments of borrowing
Interest paid
Net cash provided by (used in) financing
activitie5
1165.4171
1198,5761
1258.8301
1215,6831
1363,9931
1474,5131
Change in cash and cash equivalents in the
reF￿rtIng period
1245,0071
2,078
Cash and cash equivalents at the beginning of
the reporting period
Cash and cash equivalents at the end of the
reporting period
204,035
201,957
140,9721
204,035
Relating to:
Cash atbankand in hand
Bank overdrafts included within creditors due in less than one year
367,703
1408,6751
204,035
140.9721
204.035
14

KIRKLEES COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting Policies
1.1 Accounting convention
The financial statements have been prepared in accordance with the company's governing document, the
Companies Act 2006. the Charities SORP {FRS102) 'Accounting and Reporting by Charities= Statement of
Recommended Practice applicable to charities preparing their account5 in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191, and
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland,.
The company is a public benefit entity as defined by FRS 102.
The financial statements have been prepared under the historical cost convention, modified to include the
revaluation of freehold properties and to include investment properties at fair value. The principal accounting
policies adopted are set out below.
1.2 Going concern
The trustees have a reasonable expectation that the company ha5 adequate resources to continue in operational
existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting
in preparing the financial statements.
1.3 Basis of consolidation
The Consolidated Statement of Financial Activities. Consolidated Balance Sheet and Consolidated Cash Flow
Statement include the financial statements of the company and its subsidiary undertaking made up to 31 March
2025. Intra-group sale5 and profits are eliminated fully on con501idation. The entity ha5 taken exemption from
presenting its unconsolidated Statement of Financial Activities under section 408 of Companies Act 2006.
1.4 Charitable funds
Unrestricted fund5 are available for use at the discretion of the trustee5 in furtherance of their charitable
objectives unless the funds have been designated for other purposes.
Designated funds are unrestricted funds which are determined by specific need to set aside funds to fund future
costs within the charity.
The revaluation reserve represents the excesses arising from the revaluation of the freehold properties over the
original cost.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses
of the restricted funds are set out in the notes to the financial statements.
Endowment funds relate to government grants received for the acquisition of housing properties where there are
ongoing restrictions as to the use of those properties.
1.5 Incoming resources
All income is generated from the rendering of service5. Income is recognised when the company is legally entitled
to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable
that income will be received.
Donated assets and Services are included at the market value. or where unavailable. the value to the company
where this can be quantified.
Grants, including revenue Government grants. are included in the Statement of Financial Activities on a
receivable basis. The balance of incorne received for specific purposes but not expended during the year is shown
in the relevant funds on the balance sheet. Where income is received in advance of entitlement of receipt its
recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is
received. the income is accrued.
15

KIRKLEES COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Capital grants are recognised when receivable and not deferred over the life of the asset on which expended.
Grants receivable are included within donations and legacies.
1.6 Resources expended
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis.
1.7 Tangible fixed assets
Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation and any
impairment losses. Assets in the course of construction are stated at cost to date. The depreciation charge for the
period is recognised in the Statement of Financial Activities as a cost through the relevant fund. Depreciation is
provided at rate5 calculated to write off the cost or valuation less estimated residual value of each a55et over it5
expected useful life, as follows:
Social housing, Housing for social benefit- 1.75Yo on costlvaluation excluding cost/valuation attributed to land
Fixtures, fittings & equipment - 33.33% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and
the carrying value of the asset and is recognised in net incomellexpenditure) for the year.
Freehold properties acquired are either social housing or housing for social benefit. Freehold properties are
included on the balance sheet at their equivalent use value. If a property's carrying amount is increased as a
result of a revaluation, the increase is recognised in the Statement of Financial Activitie5 as an increase to the
relevant fund and accumulated in closing funds. The 'relevant fund" means the fund in which the property sits,
or the revaluation reserve. according to the following policy= Increases in value are added to the revaluation
reserve unless they relate to the reversal of a previously recognised revaluation loss which went through another
fund. Similarly, reductions in value are recognised in the revaluation reserve to the extent that they relate to an
amount previously recognised in the revaluation reserve; otherwise they will be recognised in the relevant other
fund. Hence the revaluation reseNe can never fall below zero overall or on a property by property basis.
At each reporting end date. the company reviews the carrying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such indication exists,
the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif any).
1.8 Investment properties
Investment properties are included in the balance sheet initially at cost and subsequently at their fair value. No
depreciation is provided on the investment properties.
16

## Basic financial assets 

## Basic financial liabilities 

## Derecognition of financial liabilities 



## Categorisation of housing properties 

## Valuation of investment property and freehold property 

## Useful economic lives of tangible fixed assets 



KIRKLEES COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Other income
2025
2024
Other income
52,107
52,107
39,529
39,529
Charitable artivities costs
2025
2024
Administration and governance costs
Professional fees
Bank fees
Insurance
Bank loan interest payable
Repairs to property
Property expenditure
Housing management fees
Bad debts
Net Igainl/loss on disposal of tangible fixed assets
Fixed asset impairments and related depreciation movements
Depreciation
Miscellaneous expenses
Bank overdraft interest
Sinking fund repairs to property
149,313
69,108
9,934
44,502
176,768
99,062
145,076
72,824
12,8201
125,668
59,391
9,857
38,158
190,264
50,588
139,905
72,139
22,769
136,0001
27,398
169,047
2,451
24,022
45,267
940,924
156,597
6,981
21,808
70,310
1.019.463
Governance costs includes payments to the auditors of £25,980 {2024-£20,41JOI for audit fees and £Nil12024-
£44,371) for non-audit fees.
Trustees
None of the trustees lor any persons connected with them) received any remuneration during the year. Trustees
had expenses of £Nil reimbursed to them during the year12024- £Nill.
Employees
There were no employees in either the current or previous year.
Surpluslldeficitl of parent charity
As permitted by Section 408 of the Companies Act 2006 and the concession in paragraph 397 of the Charities
SORP, a Statement of Financial Artivities and the Income and Expenditure Account of the parent charity is not
presented as part of these financial statements. The parent charity's profit for the financial year, not including
gains on revaluation of fixed assets, was £251,62712024-£24,4721.
The notes form part of these financial statements
19

KIRKLEES COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
10 Comparatives for the consolidated statement of financial activitie5
Unrestricted Endowment
fvnd5
funds
Total
Notes
Income and endowments from:
Donations and legacies
Incoming resources from charitable activities
Income from investments
Other income
Total income
12.2041
757,170
241.094
39,529
1.035.589
161,3481
163,5521
757,170
241,094
39,529
974,241
161,3481
Expenditure on:
Charitable activities
Net Ilossesl/gains on investments
Net {deficitl/surplus
940.924
1313.7681
1219.1031
940,924
1313,7681
1280,4511
161,3481
Other recognised gains11105ses1:
Gains/llossesl on revaluation of fixed assets
Net movement in funds
145.4161
1264.5191
145,4161
1325,8671
161,3481
Reconciliation of funds:
Brought forward
Total funds carried forward
11.028.340
10,763,821
4.265,973
4,204,625
15,294,313
14,968,446
11 Subsidiary company
Kirklees Housing Association IKHAI is deemed to be a subsidiary of the company by virtue of Kirklees Community
Association controlling KHA. At the year end four out of seven members of KHA were trustees of Kirklees
Community Association. KHA is a registered non-profit-making Housing Association, with registered number
IP031705. Its registered office is 1st Floor, Civic Centre 3, High Street, Huddersfield HDI 2TG. KHA disapplied the
requirement to have an audit of its financial statements in accordance with the Co-operative and Community
Benefit Societies Act 2014.
A summary of its results, which are incorporated in the consolidated financial statements, is shown below.
2025
2024
Turnover
Other operating income
Administrative expenses
ILossl/gain on revaluation of investment property
Loss on revaluation of fixed assets
Interest payable
IL055llsurplus for the year
100,706
288
199.3071
134,0001
2,522
151,2701
181.0611
66,122
183,0911
116,0001
11,4421
139,9541
174,3651
2025
2024
Gross assets
Total liabilities
Net assets
1,799,258
1,734,852
11.214.477) 11,069,011)
584,781
665,841
Share capital
Total reseNes
584,774
584.781
665,834
665.841
The notes form part of these financial statements
20

KIRKLEES COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12 Fixed Assets
Group
Investment
Properties
Social
Housing
Housing for
Social Benefit
Fixtures.
Fittings &
Equipment
Totsl
Cost or valuation
At l April 2024
Additions
Disposals
lrnpairment
Revaluation
At 31 March 2025
4.879.001
6,619,(MJO
158.866
1100,0001
6,381.010
675
17,879,686
158,866
iioo,0001
134,0001
375,500
675 18,280,052
134.0001
74,000
4,919,001
31,51X)
6,709,366
270,000
6,651,010
Depreciation
At l April 2024
Charge for the year
Eliminated on revaluation
At 31 March 2025
675
675
156,597
1156,5971
675
74,872
174.8721
81,725
181.7251
675
Carrying amount
At 31 March 2025
At 31 March 2024
4.919,001
4.879,001
6.709,366
6.619,000
6.651.010
6,381,010
18,279,377
17,879,011
Companv
Investment
Social
Housing
Housing for
Social Benefit
Fixtures,
Fittings &
Equipment
Properties
Totsl
Cost or valuation
At l April 2024
Additions
Disposals
Impairment
Revaluation
At 31 March 2025
3.967,1)01
5,804,CN)O
158,866
{100,cNJ)I
6,381,010
675 16,152,686
158,866
iioo,0001
74,000
4.041.001
30,500
5.893.366
270,000
6.651.010
374,500
16,586,052
675
Depreciation
At l April 2024
Charge for the year
Eliminated on revaluation
At 31 March 2025
675
675
155,074
1155,0741
675
73,349
173,3491
81,725
181.7251
675
Carrying amount
At 31 March 2025
At 31 March 2024
4,041,001
3,967,001
5,893,366
5,804,000
6,651,010
6,381,010
16,585,377
16,152,011
The notes form part of these financial statements
21

KIRKLEES COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The valuations were carried out by Bramleys on 31st March 2025. Bramleys are independent valuers. Valuations
were provided on a market value basis as defined by the Royal Institution of Chartered Surveyors Valuation -
Global Standards 2022. Compliance with the RICS Professional Standards and Valuation Practice Statements gives
assurance also of compliance with the International Valuation Standards IIVSI. The valuation has been undertaken
using the comparable and investment approaches with transactions of other similar type and quality of property
in the locality having been taken into consideration and an investment yield has been applied. The yield and
therefore valuation reflerts the nature of the tenancy and the rental income produced.
Investrnent properties were valued on a market value basis. or EUV-SH IExisting Use for Social Housing) if
occupied by a sitting tenant.
Social Housing and Housing for Social Benefit were valued on EUV-SH IExisting Use for Social Housing).
Bramleys considered the principle difference in EUV-SH basis of value is that the property will continue to be let
by a body pursuant to delivery of a service for the existing use and that the vendor would only be able to dispose
of the property to organisations intending to manage the housing stock in accordance with the regulatory body'5
requirement. This definition of value is therefore on the ba515 of the existing use for Social housing and reflects the
rental income stream.
If the revalued assets had not been revalued, they would have been carried at the following historic cost=
Group
Company
2025
2024
2025
2024
Investment properties
3,306,701
3.306,701
2,779,938
2,779,938
Social housing
7,407,254
7,348,389
6,484,534
6,425,669
Housing for social benefit
4,180,957
4,180,957
4,180,957
4,180,957
Fixed assets with a total carrying amount of £14,185,50012024- £13,963,0Tr)I have been pledged to secure
borrowings of the company. The company is not allowed to pledge these assets as security for other borrowings
or to sell them to another entity.
Housing for Social Benefit with a carrying amount of £810.00012024- £766.5001 relates to shared ownership
properties. The carrying amount is 50% ot the propertie5' total value. coriesponding to the company's ownership
percentage.
The value of land not depreciated was £3.365.CM)012024- £3.351.0361
The notes form part of these financial statements
22

KIRKLEES COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
13 Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
Other debtors
Amounts owed by subsidiary undertakings
Trade debtors
Prepayments and accrued income
15.996
191,235
40,836
213,237
445,308
178,976
23,371
168,467
370,814
31,748
115,331
163,075
17,464
99,349
116,813
2025
2024
2025
2024
Amounts falling due after more than one year:
Other debtors
Amourbts owed by subsidiary undertakings
58.875
889.139
796,895
Total debtors
221.950
116.813
1.334.447
1,167.709
The company ha5 previously provided a loan to Kirklee5 Housing Association Limited in the sums of £431.095,
£50.300. £245.000 and £IOO.000. In the period a new loan of £102.244 was provided. The loan5 are for a term of
twenty five years and interest is charged at 5% per annurn. The total amount outstanding at the year end was
£899,13912024.. £796.8951. As security the company holds a legal charge over la to le, 28a and 28b Branwell
Avenue. Batley. I Scarr Green Close. Meltham. and Valley Gardens. Paddock West Yorkshire. The loan5 are
repayable by 30 June 2029. 30 September 2037. 24 September 2039 and 11 March 2047.
14 Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
Bank loans and overdraft (see note 161
Trade creditors
Other creditors
Accruals and deferred income
722,243
153.571
456,(XY)
31.566
722,243
149.338
456,000
27,910
57.459
933,273
79.743
567,309
49,587
921,168
71,081
554,991
Included within creditors above is deferred income as follows..
Group
Company
2025
2024
2025
2024
Deferred income
19,259
19,259
19,259
19,259
Deferred income has arisen due to rentsl income being paid in advance. All of the deferred income in the prior
year was released in the current year.
15 Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
Bank loans and overdraft (see note 161
2,338,062
2,664,104
2,338,062
2,664.104
The notes form part of these financial statements
23

KIRKLEES COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
16 Loans and overdrafts
Group and companv
The following secured debts are included within creditors:
2025
2024
Bank loans and overdraft
3,060,305
3,120,104
Amounts included above which fall due after five years:
Payable by instalment5
1.856.351
2,006.905
The Co-operative Bank holds a first legal charge over the propertie5 at Heron Close, Ravensthorpe. Fieldhead,
Birstall and Oxford Road, Gomersal.
The Fieldhead property loans are repayable up to twenty years. All loans are repayable on an annual basis, and
capital repayment5 are variable over the term of the loan. Interest is charged at 1.875% above SONIA, which is
specific to the Fieldhead loan agreement.
The Unity Trust Bank hold a first legal charge over 13 properties located throughout Kirklees.
The Unity Trust Bank loan is repayable over 10 years. The loan is repayable on an annuity basis, and capital
repayments are varied over the term of the loan. Interest is charged at 1.75% above the bank's own base rate.
Handelsbanken hold a first legal charge over 19 properties at Huddersfield Road and Market Street, Holmfirth.
17 Endowrnent funds
Endowment funds represent income received for the purchase of housing properties where there is an obligation
on the charity to hold these assets for use in fulfilling the charity's objectives. If the properties are sold or no
longer used as social housin& this fund is repayable.
Group
Balance at
l April 2024
Transfers
between
funds
Balance at
31 March
2025
Incoming
resources
Resources
expended
Endowment fund
4,204,625
178,9541
4,125,671
Balance at
l April 2024
Transfers
between
fvnds
Balance at
31 March
2025
Companv
Incoming
resources
Resources
expended
Endowment fund
3.758,125
178,9541
3,679,171
The notes form part of these financial statements
24

KIRKLEES COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Comparatives for endowment funds..
Group
Balan￿ at
l April 2023
Incoming
re50urce5
Transfers
between
funds
Balance at
31 March
2024
Resour￿$
expended
4,265.973
161.3481
4,204,625
Balance at
l April 2023
Incoming
resources
Transfers
between
funds
Balance at
31 March
2024
Resources
Company
expended
3.819.473
161.3481
3,758,125
18 Unrestrirted funds
Group
Balance at
l April 2024
Net
Transfers
between
funds
Balance at
31 March
2025
movement
in fund
Designated fund
General unrestricted fund
Revaluation reseNe
239,819
7,990,129
2,533,873
10.763.821
239,819
8,237,128
2,995,077
11,472,024
246,999
461,204
708.203
Net movement in funds. included in the above, are as follows:
Resources
expended
Net gains
on
Gains on
revaluation
of fixed
assets
Net
Incoming
resources
movement
investrnents
in funds
Designated fund
General unrestricted fund
Revaluation reserve
1.229,569
11,019,463)
40,001
13,1081
461.204
458,096
246,999
461,204
708,203
1,229,569
11,019,463)
40,001
Comparatives for movement in unrestricted funds..
Balance at
l April 2023
Net
Transfers
between
funds
Balance at
31 March
2024
movement
in fijnd
Designated fund
General unrestricted fund
Revaluation reserve
158,812
8,290,239
2,579,289
11,028,340
145.2671
126,274
1173,8361 1126,2741
145.4161
1264,5191
239,819
7,990,129
2,533,873
10,763,821
The notes form part of these financial statements
25

KIRKLEES COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Comparative net movement in funds. included in the above, are as follows-
Incoming
resources
Resources
expended
Net1055es
Losses on
revaluation
of fixed
assets
Net
movement
in funds
on
investments
Designated fund
General unrestricted fund
Revaluation reseNe
145,2671
{895,6571
145,2671
1173,8361
145,4161
1264.5191
1,035.589
1313,7681
145,4161
145,4161
1.035.589
1940.9241
1313.7681
Companv
Balance at
l April 2024
Net
Transfers
between
fund5
Balance at
31 March
2025
movement
in fund
Designated fund
General unrestricted fund
Revaluation reserve
239,819
7.806.235
2,498,433
10,544.487
239,819
8,136,816
2,957,114
11,333,749
330.581
458,681
789,262
Net movement in funds. included in the above. are as follows=
Net gains
on
Gains on
revaluation
of fixed
assets
Net
Incoming
resources
Resources
expended
movement
investments
in funds
Designated fund
General unrestricted fund
Revaluation reserve
1.210.101
{950.4131
74.001
13,1081
458,681
455,573
330,581
458,681
789,262
1,210,101
1950,4131
74,001
Comparatives for movement in unrestricted funds
Balance at
l April 2023
Net
Transfers
between
funds
Balance at
31 March
2024
movement
in fund
Designated fund
General unrestricted fund
Revaluation reserve
158,812
7,801,422
2,542,407
10,502,641
145.2671
131,087
143.9741
41,846
126,274
1126,2741
239,819
7,806,235
2,498,433
10,544,487
The notes form part of these financial statements
26

KIRKLEES COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Comparatives for net movement in funds. included in the above. are as foll0v￿..
losses on
revaluation
of fixed
assets
Incoming
resources
Net losses
Net
movement
in funds
Resources
expended
on
investments
Designated fund
General unrestricted fund
Revaluation reserve
145,2671
1835,6911
145,2671
131,087
143,9741
41,846
1.032,546
165,7681
143,9741
143,9741
1,032,546
1880,9581
165,7681
The designated funds of the charity have been set aside out of unrestricted funds by the trustees in order to build
a sinking fund. A transfer into the sinking fund to cover maintenance and refurbishment of the properties held is
made annually based on 1% of the revalued cost of the properties.
General unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
The revaluation reseNe represents the excesses arising from the revaluation of the freehold properties over the
original cost less accumulated depreciation.
19 Analysis of net assets between funds
Group
Unrestricted Endowment
fvnd5
fvnds
Total
Fund balances at 31 March 2025 are represented by..
Tangible assets
Investment property
Current assetsllliabilitiesl
Long term liabilities
9.234.705
4,919,001
1343.6201
12,338,062)
11,472,024
4,125,671 13,360,376
4,919,001
1343,6201
12,338,062)
4,125,671 15,597,695
Company
Unrestricted Endowment
funds
funds
Total
Fund balances at 31 March 2025 are represented by..
Tangible assets
Investment property
Current assetsllliabilitiesl
Long term liabilities
8,865,205
4,041,001
765,605
12,338,062)
11,333,749
3,679,171 12,544,376
4,041,001
765,605
12,338,062)
15,012,920
3,679,171
The notes form part of these financial statements
27

KIRKLEES COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
20 Related party transactions
Group
Kirklees Metropolitan Council IKMCI is related to the group. KMC managed the company and group's properties
under a management contratt. KMC also provided maintenance and other miscellaneous services.
KMC guarantees the company's rent income on the Fieldhead properties to a level of 97.5%. For the current year
this represents approximately 30% of total income for the group. KMC provides to the Homes and Communities
Agency a performing guarantee that KCA will discharge and perform the grant conditions attached to any of the
Social Housing Grant that may be awarded for the redevelopment of the Fieldhead estate. At the year end this
guarantee covers the remaining grant included in the endowment fund.
Kirklees Stadium Development Lirnited IKSDLI 15 related a5 It provides key rnanagement personnel services to the
group.
Transactions with the directors are disclosed in note 7.
£ during
2025
69.330
103,963
72.001
17,232
£ during
2024
68.925
106,559
35.954
16,140
Balance at
31.03.25
17.559
18,573
18.090
Balance at
31.03.24
16,900
13,046
KMC - Property rnanagernent
KMC - Housing maintenance
KMC- Admin and governance support
KSDL- Admin and governance sUPPOrt
857
Companv
The company provides financial and administrative 5UPPOrt to Kirklees Housing Association IKHAI. the company's
subsidiary company. During the year the company also provided day to day financial a5515tance as in previous
years. The cornpany is owed further loans from KHA in respect of capital purchases. Finally, the company rented a
property to KHA, which it then rented out to a third party.
£ during
2025
12,C(10
£ during
2024
Balance at
31.03.25
12,000
Balance at
31.03.24
2,000
KHA- Financial and administrative support
KHA- Day to day financial assistance
- Costs paid
Costs reimbursed
Total outstanding
KHA- Loans
Interest receivable
Loan balance
KHA- Property rental received
12,168
9,908
2,857
2,607
2,412
181,236
178,976
51,270
39,954
105,185
899,139
1,712
74,915
796,895
1,495
18,256
21.125
The notes form part of these financial statements
28

KIRKLEES COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
21 Reconciliation of net income/(expenditurel to net cash flow from operating artivities
Group
2025
2024
Net income for the reporting period las per the statement of financial activities}
Adjustments for..
Net lossesllgainsl on investments
Fixed asset impairments and related depreciation movements
Depreciation
Interest payable on bank loans and overdraft
Gain on disposal of tangible fixed assets
Ilncreaselldecrease in debtors
Increase/ldecreasel in creditors
Net cash provided by (used inl operating activities
171,153
1280,4511
140,0011
313,768
27,398
169,047
214,286
136,0001
15,1071
131,2041
371,737
156,597
198,576
166,0001
1105,1371
1203,3361
111,852
22 Analysis of changes in net debt
At start
of year
Other non-
cash changes
At end
of year
Group
Cashflow5
Net cash:
Cash
204.035
204,035
163,668
163,668
367,703
367,703
Debt:
Bank overdraft
Loans falling due within one year
Loans falling due after one year
{303,0571
1152,9431
12,664,104)
13,120,104)
1105,6181
152,943
12,474
59,799
1408,6751
1313,5681
12,338,062)
13,060,305)
1313,5681
313,568
12,916,069)
223,467
12,692,602)
The notes form part of these financial statements
29