Werneth and Freehold Communlty Development Project
Charity No. 1035594
Company No. 02889356
Trustees, Report and Unaudlted Accounts
31 March 2024

Werneth and Freehold Community Development Project
Contents
Pages
Trustees, Annual Report
Independent Examiner's Report
Statement of Finarbcial Activities
Summary Income and Expenditure Account
Balance Sheet
io
Statement of Cash flows
li
Notes to the Accounts
12
Detailed Statement of Financial Activities
20
PaRe I

Werneth and Freehold Community Development Project
Trustees Annual Report
Werneth and Freehold Community Development Project
The trvstees. who are a150 directors of the charity for the purpose5 of the Companies Act 2006.
present their report with the unaudited financial statements of the charity for the year ended 31
March 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 02889356
Charity No. 1035594
Registered and Prlncipal Offlce
14 Tamworth Street
Werneth
Oldham
OL9 7QU
Dlrectors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law.
The following Directors and Trustees served during the year:
Shirley Dickson
Stephanie Gill
Tina Graham
Linda Nuttall
Karen Whitworth
Key Management Personnel
Vice Chair
Treasurer
Tina Graham
Steph Gill
Secretary
Spon50ring Group representatlves
Freehold Community School.,
No nominations received
UK Islamic Mi55ion'.
No nominations received
Pakistani Cultural Association..
No nominations received
Werneth Jamia M05que:
No nominations received
Christ Church, Chadderton,.
Linda Nuttall
Margret Parret
Community Representatives:
Karen Whitworth
Tina Graham
Steph Gill
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Werneth and Freehold Community Development Projert
Trustees Annual Report
Co-options;
Senior Staff Members:
Yvonne Burtonwood -
Gayle Cooper-
Jill Griff iths
Project Co-ordinator
Early Years and Office Manager
Finance Manager
Accountants
Pennine Accounting Limited
109A Church Street
Littleborough
Lancashire
OL15 8AA
Bankers
Co-operative Bank PLC
POBox250
Delf House
Southway
Skelmer5dale
WN8 6WT
Structure, Governance and Management
The organisatlon is a charitable company, limited by guarantee, incorporated on 19th January 1994 and
registered as a Charity on 24th March 1994. The company was established under a Memorandum of
Association which established the objects and powers of the charitable company and is governed under its
Articles of Association. In the event of the company being wound up members are required to contribute an
amount not exceedin8 £1
Recrultment and Appolntment of Mana8ement Committee
The directors of the company are also charity trustees for the purposes of charity law and under the
company's Articles are known as members of the Management Committee. Under the requirement of the
Memorandum and Articles of Association the Mana8ement Committee shall comprise of not less than seven
and not more than twenty six members made up as follow5..
a} Up to three representatives may be appointed by each of the following groups:
UK Islamic Mission
Pakistani Cultural Association
Christ Church, Chadderton, Parochial Church Council
Freehold Community School
• Werneth Jamia Mosque
Such other groups a5 may be admitted to membership of the organisation from time to time.
b} Up to seven elected representatives of the communitv served by the Project, such representatives to be
elected at the Annual General Meeting, from amongst the membership.
cl Such person5 as may be co-opted by the Management Committee {not being more than one third of the
total number of the Management Committee) who shall have full voting rights.
Trustee Indurtlon and Training
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Werneth and Freehold Community Development Projert
Trustees Annual Report
New trustees are invited and encouraged to attend training sessions to familiarise themselves with the
charity and the context in which it operate5. These are jointly led by the Chair of the Management
Committee and the Project Co-ordinator and cover:
al The obligations of the Management Committee members
bl The main documents which set out the operational framework for the charity including the Memorandum
and Articles of Association
cl Resourcing and the current financial position as set out in the latest published accounts
d) Future plans and objectives.
There is also an annual meeting for the Management Committee to reflect and to do some forward planning.
Risk Managernent
Procedures are in place to ensure compliance with current legislation and good practice to erssure the health
and safety of staff, volunteers, service users and vlsitors to the Project. The staff work in different locations,
all premises and activities are risk assessed. All staff undertake relevant training to reduce rlsk.
The pre-school operates under the OFSTED framework and staff undertake training to ensure the high
standard of work is maintained.
We have counteracted the risk of inadequate fundlng by looking to some long-term funding schemes.
Organisatlon Structure
The Werneth and Freehold Community Development Project has a Management Committee of members
who meet every eight weeks. These members are representatives from local residents and organisations.
The committee is representative of the local community in terms of its mix of people from different ethnicity,
cultures, religions, Bender and a8e. The committee are responslble for the strategic dlrection/policies of the
charity,
The day to day management is delegated to the Project Co-ordinator and senior staff team. The Co-ordinator
Is also responsible for ensurin8 that the charity delivers services specified by funders and key performance
indicators are met.
It is the responsibility of the Project to deliver quality services which respond to the needs specif led by the
local community.
Policies to achieve oblectlves
The Project aims to meet the needs of the people of the Freehold area of the Werneth Ward and the
surroundin8 area5 of Oldham This area is one of serious social and economic disadvantage. The Project
works on community development principles, supporting people and meeting their need to be valued and
SUPPOrted and, in particular, enabled to work individually or corporately to improve the quality of their lives.
The Project aims to reduce inequality and disadvantage, and to promote understanding and friendship across
potential and actual barriers of race, culture, and religion. It is making a small contribution to the more just
multi-cultural society, to which it is in our common interest to aspire.
The Project meets its aims through the employment of staff, the development of partnerships with other
agencies and by the use of volunteers and trainees on placement.
The Werneth and Freehold Community Development Project Limited IWFCDPI is committed as an equal
opportunities employer to eliminating all forms of discrimination, whether based on race. sex, disability,
sexual orientation, age or religious belief. both through its work, and through its employment policy and
practices. We consider such forms of discrimination to be demoralising for those who are affected and
divisive and degrading for those who practice discrimination.
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Werneth and Freehold Community Development Project
Trustee5 Annual Report
Development, activities and achievement5 in the year
The following section 8ive5 an overview of our work full details in annual report.
As the Project Co-ordinator l am very proud of the whole staff team, management committee and volunteers
for the difference they make every day and the hard work they have done this year.
WFCDP continues to use its, practicallf inancial and human resources to 5UPPOrt the delivery of the charities
aims and objectives, which is vital in these challenging times due to the cost of living crisis.
Development Work
Our priorities for the year have been:
Health and well being involving 8ardening, walking groups, cookery class, advice sessions around cooking
on budget. Mental wellbeing red ucing isolation and conf idence building through our common interest
groups.
WFCDP had funding to run a popular confidence building programme with the aim of getting people back
into employment, training , or further education
In partnership with Oldham Lifelong Learning we have ran arrange of classes including English, sewing ,
craft
Our Support for women/ familie5 living in difficult circumstances continued and our worker is available for
one to one support throughout the week.
• Support famllies and individuals to access available schemes such as foodbanks , digital access , clothes,
food package.
Our volunteer programme restarted and we welcomed students on placement from local college and
universities.
We have ran many events bringing communlties together across different culture and generations
Mens work began in the evenings through partnership work with new volunteers
Work wlth Chlldren (2-11 years}
We continue to manage the Panda Pre-school Playgroup operatin8 from Christ Church Community Rooms.
We are allowed up to 41 children per session 5 mornings and 3 afternoons a week, term tlme onlv.
In our second Pre-school in Coppice. we are allowed 20 children per session and open 5 mornings and 5
afternoons per week, term time only.
Partnership Work
Partnership work is one of WFCDP strength5. We work with a range of both statutory and voluntary
organisations. These include Oldham life Lon8 Learnin8, Christ Church, OMBC, Great Places Housing , Oldham
Women Network partner5, Oldham Poverty Group, Local district team and Oldham Action Together.
Staff Training and Prolect Development
Staff have undertaken various courses and professional development throughout the year.
We have worked to raise our profile in the community, we have formalised our 'branding' for both the
organisation and the pre-schools.
We have updated WFCDP web pa8e .
Senior staff team Project Co-ordinator, Finance Manager,Early Years and Office Manager.
Staff team 2 x Pre-school Managers, 2 x Deputy Managers and 10 x Assistants,4 development workers.
administrator apprentice and a cleaner.
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Werneth and Freehold Community Development Projett
Trustees Annual Report
The management committee have supported the project throughout the year and as always their support
has been invaluable during this time.
Public Benef it
The trustees have had regard to the guidance on public benef it published by the Charity Commission.
Financial Matters
General funds showed a surplus of £4,614 in the year. At the year-end general funds carried forward were
£146,422 and restricted f unds carried forward were £71,237
We are continuing with last year's f unding strategy which continues to Measure the current impact and we
have undertaken a risk assessment for the coming year. We have a monthly review of our funding position.
We have secured new funding streams this year and a rented rooms to a company 3 days a week. Core
funding is also continuing in 2023124 and the Trustee5 consider the financial position of the Project to be
sat15factory.
Reserve5 Policy
The Trustees have reviewed the organisation's need for reserves and consider that a minimum of three
month's running costs should be retained in general funds. At the year end the general f unds met this tar8et.
Under our reserves policy trustees designated funding to enhance the work of the charity.
ConcSuslon
The Project has continued to maintain and develop its work in accordance with its agreed priorities.
Audit ExemptSons
The trustee5 have decided to take advantage of the audit exemption provisions of the Companies Act.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and to enable them to ensure that the financia I statements
comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the
charlty and hence taking reasonable steps for the prevention and detection of fraud and other irre8ularitles.
The above report ha5 been prepared in accordance with the provisions applicable to companies SLtbject to
the small companies regime as set out in Part 15 of the Companies Act 2006 and In accordance with the
Charities SORP IFRS 1021.
51gned on behalf of the board
Tina Graham
Trustee
27 November 2024
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Werneth and Freehold Community Development Project
Independent Examiners Report
Independent Examiner's Report to the trustees of Werneth and Freehold Community Development Project
I report to the charity trustees on my examination of the financial statements of Werneth and Freehold
Community Development Project for the year ended 31 March 2024.
Responsibilities and basls of report
As the charity's trustees of the company land also its directors for the purposes of company lawl YOLA are
responsible for the preparation of the financial statements in accordance with the requirement5 of the
Companies Act 20061'the 2006 Act.
Having satisfied myself that the f inancial statements of the Charity 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 financial statements as carried out under section 145 of the Charities Act 2011 {'the 2011 Act'l.
In carryi ng out my examination I have followed the Direction5 given by the Charity Commission under section
145151 Ibl of the 2011 Act.
Independent examlner's statement
As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a
member of FMAAT, which is one of the listed bodies.
I have completed my examination. I can confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe..
accounting records were not kept in accordance with section 386 of the 2006 Act , or
• the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements under section 396 of the 2006
Act other than any requirement that the financial statements give a 'true and fair, view which is not
matter considered as part of an independent examination; or
the financial statements 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 (FR5 1021.
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 financial
statements to be reached.
lan Cunningham FMAAT
Penni ne Accounting Llmlted
109A Church Street
Littleborough
Lancashire
OL15 8AA
27 November 2024
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Werneth and Freehold Communlty Development Project
Statement of Financial Activities
for the year ended 31 March 2024
Unrestricted
funds
2024
Restricted
funds Total funds Total f unds
2024
2024
2023
Notes
Income and endowments
from:
Donations and legacie5
Charitable activities
39,801
367.877
407,678
332,007
Total
39,801
367,877
407.678
332,007
Expenditure on:
Charitable activities
34,126
365,336
399,462
314,520
Total
34,126
365,336
399,462
314,520
Net gains on investments
Net Income
5,674
2,542
8.216
17,487
Transfers between funds
11,0861
1,086
Net income before other
gainsl(losse51
4,588
3,628
8,216
17,487
Other galns and losses
Net movement in funds
4,588
3,628
8,216
17,487
Reconclliation of funds:
Total funds brought forward
141,808
67,635
209,443
191,956
Total funds carrled forward
146,396
71,263
217,659
209,443
PaAe 8

Werneth and Freehold Community Development Project
Summary Income and Expenditure Account
for the year ended 31 March 2024
2024
2023
Income
407,678
332,007
Gross Income for the year
407,678
332,007
Expenditure
399,462
314.520
Total expendlture for the year
Net income before tax for the year
399,462
314,520
8,216
17,487
Net Income for the year
8,216
17,487
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Werneth and Freehold Community Development Projert
Balance Sheet
at 31 March 2024
Company No.
02889356
Notes
2024
2023
Flxed assets
Tangible assets
Current assets
Debtors
io
801
2,066
236.517
238,583
129,1411
209,442
Cash at bank and in hand
247,363
248,164
130,5061
Creditors: Amount falling due within one year
li
Net current assets
217,658
Total assets less current liabilitle5
217,659
209,443
Net a55ets excludlng pension asset or liabillty
217,659
209,443
Total net assets
217,659
209,443
The funds of the charity
Restrlcted funds
Restricted income funds
12
71,263
71,263
67,635
67,635
Unrestrlcted funds
General fund5
12
146,396
141,808
146,396
141,808
Reserves
12
Total funds
217,659
209,443
These accounts have been prepared in accordance with the special provlsions of Part 15 of the Companies
Act 2006 relating to small companles.
For the year ended 31 March 2024 the company was entitled to exemption under section 477 of the
Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit In accordance with section 476 of the
Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act
2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 27 November 2024
And signed on its behalf by..
Tina Graham
Trustee
27 November 2024
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Werneth and Freehold Community Development Project
Statement of Cash flows
for the year ended 31 March 2024
2024
2023
Cash flows from operating activities
Net income per Statement of Flnancial Artlvlties
8,216
17,487
Adjustments for:
Other gainsllosses
Decrease in trade and other receivables
Increase in trade and other payables
1,265
1,176
7,101
6,582
Net cash provlded by operatlng activities
10,657
31,171
Net cash from Investlng actlvltles
Net cash from flnancing activities
Net Increase in cash and cash equivalents
10,657
31,171
Cash and cash equlvalents at the beginnlng of the year
236,517
205,345
Cash and cash equivalents at the end of the year
247,174
236,516
Components of cash and cash equivalents
Cash and bank balances
247,363
236,517
247,363
236,517
Pa2e 11

Werneth and Freehold Community Development Project
Notes to the Accounts
for the year ended 31 March 2024
l Accountlng pollcles
Basis of preparation
The f inancial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Sta ndard applicable in the UK and Republic of Ireland IFRS 1021 (effective I
January 20151 Icharities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 and the Companies Act 2006.
Change In basls of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since
last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the
general objects of the charitv.
These are unrestricted funds earmarked by the trustees for particular purposes.
These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
These are available for use subject to restrictions imposed by the donor or through
terrns of an appeal.
Designated funds
Revaluation funds
Restricted funds
Income
Recognition of
income
Income is included i n the Statement of Financial Activities ISOFAI when the charity
becomes entitled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure 15
expendlture
reported gross In the SOFA.
Donations and
legacies
Voluntary income received by way of grants, donations and gifts is included in the
the SOFA when receivable and only when the Charity has unconditional
Èntitlement to thÈ income.
Tax reclaims on
Income from tax reclaims is included in the SOFA at the same time a5 the
donations and gifts gift/donation to which it relates,
Donated service5
These are only included in income (with an equivalent amount in expenditure)
and facilitie5
where the benefit to the Charity is reasonably quantifiable, measurable and
material.
Volunteer help
The value of any vol unteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gain5111ossesl on
This includes any gain or loss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
Gains/llossesl on
investment assets
This includes any gain or loss on the sale of investments.
PaRe 12

Werneth and Freehold Community Development Project
Notes to the Account5
Expenditure
Recognition of
expenditure
Expenditure is recognised on an accruals basis. Expenditure includes any V AT which
cannot be fully recovered, and is reported as part of the expenditure to which it
relates.
Expenditure on
These comprise the costs associated with attracting vol untary income, fundraising
raising funds
trading costs and investment management costs.
Expenditure on
These comprise the cost5 incurred by the Charity in the delivery of its activities and
charitable activities services in the furtherance of its objects, including the making of grants and
governance costs.
All grant expenditure is accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
These include those costs associated with meeting the constitutional and statutory
requirements of the Charity, including any audit/independent examination fees,
costs linked to the strategic management of the Charity, together with a share of
other administration costs.
Other expenditure These are support costs not allocated to a particular activity.
Grant5 payable
Governance costs
Taxation
The charity is exempt from corporation tax on Its charitable activities.
Tan8ible flxed assets and depreclation
Depreclation is provided at the followin8 annual rates In order to write off each asset over its estimated
usef ul life:
Fixtures, Fittings, &
Equipment
33.3% Straight Line
Stocks
Stock Is Included at the lower of cost or net realisable value. Donated Items of stock 3re recognised at fair
value which Is the amount the charity would have been willlng to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equlvalents
Cash and cash equivalents comprise cash at bank and on hand, demand dep051ts with banks and other
short-term highly liquid investments with original maturities of three months or less and bank overdraft5.
In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integral part of the company's cash management.
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Werneth and Freehold Community Development Project
Note5 to the Account5
Trade and other creditor5
Short term creditors are measured at the transaction price. Other creditors and provisions are recogni5ed
where the charity has a present obligation resulting from a past event that will probably result in the
transfer of funds to a third party and the amount due to Settle the obligation can be measured or
estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowing for any trade discounts due.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of
ownership of an asset. the lease is treated as a f inance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classif led
as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the
inception of the lease or, if lower, at the present value of the minimum lease payments. The
corresponding liability to the lessor is included in the balance sheet date as a finance lease obli8ation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to
achieve a constant rate of interest on the remaining balance of the liability. Finance expense5 are
recognised immediately, unless they are directly attributable to qualifying assets, In which case they are
capitalised in accordance with the charity's pollcy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
In the event that lease incentives are received to enter into operating leases, such incentives are
recoénised a5 a liability. The aggregate benefit of incentives is recognised as a reduction of rental
expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a
pension plan under which the company pays fixed contributions into a separate entity. Once the
contributions have been pa id the company has no further payments obligations. The contributions are
reco
nised 3$ expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet.
The assets of the plan are held sepa rately f rom the company in independently administered funds.
Recelpt of donated goods, facllltles and 5ervi¢¢s
All donated good5, facilitie5 and services received are recognised within incoming resources and
expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
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Werneth and Freehold Community Development Project
Note5 to the Accounts
3 Statement of Financial Activlties - prior year
Unrestricted
funds
Restricted
fund5 Total funds
2023
2023
2023
Income and endowments from:
Charitable activitie5
44,079
287,928
332,007
Total
44,079
287,928
332,007
Expendlture on:
Charitable activities
49,854
264,666
314,520
Total
49,854
264,666
314,520
Net income
15,7751
23,262
17,487
Transfer5 between funds
27.833
127,8331
Net income before other
8alns/{losses}
Other gains and losses:
Net movement in funds
22,058
14,5711
17,487
22,058
14,5711
17,487
Reconciliation of funds:
Total funds brought forward
Total funds carrled forward
119,750
72,206
191,956
141,808
67,635
209,443
4 Income from donatlons and legacles
Total
Total
2024
2023
Restricted funds carried forward will be utilised In the current year.
5 Income from charltable actlvities
Unrestricted
Restrlcted
Total
Total
2024
2023
Oldham M8C- main service
provision
Panda Preschool
39,801
39,801
44,079
265.980
265,980
101,897
407,678
197,555
90,373
332,007
Other projects and services
101.897
39,801
367,877
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Werneth and Freehold Community Development Project
Notes to the Accounts
6 Expenditure on charitable activities
Unre5trlcted
Restrlcted
Total
Total
2024
2023
Expenditure on charitable
activities
Oldham M8C- main service
provision
Panda Preschool
34,126
34,126
49,854
242,390
122,946
242,390
122,946
198,306
66,360
Other projects and services
Governonce costs
34,126
365,336
399,462
314,520
7 Net income before transfers
2024
2023
This is stated after charging:
Independent Examiner's fee
8 Staff costs
1,140
950
2024
7,528
7,528
2023
Penslon costs
No employee received emoluments in excess of £60,000.
The average monthly number of full time equivalent employees during the year was as follows..
2024
2023
Number
23
Number
21
21
23
The charity provides a defined contribution Workplace Pension scheme with NEST
9 Tan8lble fixed assets
Flxtures,
Flttlngs, &
Equlpment
Total
Cost or revaluation
At l April 2023
At 31 March 2024
Depreclation and
impairment
At l April 2023
At 31 March 2024
25,217
25,217
25,217
25,217
25,216
25,216
25,216
25,216
Net book values
At 31 M3rch 2024
At 31 March 2023
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Werneth and Freehold Community Development Project
Notes to the Accounts
10 Debtors
2024
2023
Trade debtors
Prepayments and accrued income
200
385
601
1,681
2,066
801
11 Creditors:
amounts falling due within one year
2024
2023
Trade creditors
Other creditors
Accruals
Deferred income
8,420
20,446
1,640
6,997
20,686
1,451
30,506
29,141
P3Re 17

Werneth and Freehold Community Development Project
Note5 to the Accounts
12 Movement in funds
Incomlng
resources
At31
March
Resources
Gross
transfers
(including
At l Aprll
other
2023 galns/lossesl
expended
2024
Restricted funds:
Restricted income funds:
Panda Preschools
Small Grants
FCHO & Cost of Living &
Action Together
Digital Inclusion
Resilience Fund
Domestic Violence
NLDC Life Long Learning
National Lottery
47,672
973
265,980
1242,3901
12,0001
71,262
1,027
1731
4,047
12,000
171
3,023
20,075
120,0001
14,048
112,0501
120,3621
16,5261
157,9601
121
50
20,362
3,500
57,960
Total
67,635
367,877
1365,3361
1,086
71,263
Unrestrlcted funds..
General funds
141.808
39,801
134,126)
{1.0861
146,396
Total funds
209,443
407,678
1399,4621
217,659
Purposes and restrictions in relation to the funds..
Restricted funds:
Panda Preschools
Small Grants
FCHO & Cost of Living &
Action Together
Digital Inclusion
Resilience Fund
Domestic Violence
NLDC Life Long Learning
National Lottery
13 Analysls of net assets between funds
Pre-school
Health & Wellbeing through diet and exercise
Children and families with Cost of Livin8
Children and families with Cost of Living
Cost of Living Support
Families in crisis
Community based classes & training
Health & Wellbeing & Training
Unrestrlcted
funds
Re5tri¢ted
funds
Total
Fixed assets
Net current assets
217,632
217,633
26
217,658
217,659
26
PaRe 18

Werneth and Freehold Community Development Project
Notes to the Accounts
14 Reconcillatlon of net debt
At31
At l April
2023
March
2024
Cash flow5
Cash and cash equivalents
236,S17
236,517
10,846
10,846
247,363
247,363
Net debt
236,517
10,846
247,363
15 Commitments
Operatlng lease commitments
Annual commitments under non-cancellable operating leases are as follows.,
2024
Land and
buildings
2024
2023
Land and
buildlngs
2023
Other
Other
Operating leases with expiry date..
Within one year
360
360
16 Related party dlsclosures
Controlllng party
The company is limited by guarantee and has no share capital; thus no slngle party controls the company.
PaRe 19

Werneth and Freehold Community Development Projert
Detailed Statement of Financial Activities
for the year ended 31 March 2024
Unrestrlcte
d funds
2024
Restricted
fund5
Total funds
2024
Total funds
2023
2024
Income and endowments from..
Charitable activities
Oldham M8C- main service
provision
Panda Preschool
Other projects and services
39,801
39,801
44,079
265,980
101,897
367,877
265,980
101,897
407,678
197,555
90,373
332,007
39,801
Total Income and endowments
39,801
367,877
407,678
332,007
Expenditure on:
Charitable activities
Oldham M8C- main service
provision
Panda Preschool
Other projects and services
34,126
34,12S
49,854
242,390
122,946
365.336
242,390
122,946
399,462
198,306
66,360
314,520
34,126
Total of expenditure on charltable
activities
34,126
365,336
399,462
314,520
General administrative costs,
including depreciation and
amortisation
Depreciation of Fixtures, Fittings,
& Equipment
Total expenditure
Net gains on Investments
34.126
365,336
399,462
314,520
2.542
8,216
17,487
Net income
5,674
Transfers between funds
11,0861
1,086
Net income before other
gainsl(losses)
Other Gains
8,216
17,487
4,588
3,628
Net movement in funds
4,588
3,628
8,216
17,487
Reconclliation of tunds:
Total funds brought forward
141,808
67,635
209,443
191,956
Total funds carrled forward
146,396
71,263
217,659
209,443
Pa￿e 20