Werneth and Freehold Community Development Project Charity No. 1035594 Company No. 02889356 Trustees, Report and Unaudited Accounts 31 March 2025
Werneth and Freehold Community Development Project Contents Pa8es Trustees, Annual Report Independent Examiner's Report Statement of Financial Activlties 2to7 Summary Income and Expenditure Account Balance Sheet io li Statement of Cash flows 12 Notes to the Accounts 13to20 Detailed Statement of Financlal Activities 21to22 Page I
Werneth and Freehold Community Development Project Trustees Annual Report Werneth and Freehold Community Development Projert The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudlted financial statements of the charity for the year ended 31 March 2025. REFERENCE AND ADMINISTRATIVE DETAILS Company No. 02889356 Charlty No. 1035594 Prlnclpal Office 14 Tamworth Street Werneth Oldham OL9 7QU Registered Office 14 Tamworth Street Werneth Oldham OL9 7QU Dlrectors and Trustees The Directors of the charitable company are its Trustees for the purposes of charlty law. The followin8 Dlrectors and Trustees served during the year: Shirley Dickson Stephanle Glll Rachel Graham Tlna Graham Shazad Khadim Linda Nuttall Margaret Perrett Karen Whitworth (Resigned 29 January 20251 (Appointed 29 January 2025} Key Management Personnel Chair Treasurer Karen Whitford Tina Graham Stephanie Gill Secretary Sponsoring Group representatlves: Freehold Community School: UK Islamic Mission: No nominations received No nominations received No nominations received Pakistani Cultural Association: Page 2
Werneth and Freehold Community Development Project Trustees Annual Report Werneth Jamia Mosque: Christ Church, Chadderton: No nominations received Linda Nuttall Margret Parret Communlty Representatives: Karen Whitford Tina Graham Shazad Hussain Steph Gill Rachel Graham Senlor Staff Members: Yvonne Burtonwood Gayle Cooper Jill Griffiths Project Co-ordinator Early Years and Office Manager Flnance Manager Accountants Pennlne Accounting Limlted 109A Church Street Llttleborough Lancashlre OL15 8AA Bankers Co-operatlve Bank PLC POBox250 Delf House Southway Skelmersdale WN8 6WT STRucfuRE, GOVERNANCE AND MANAGEMENT The organisation 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 Associatlon. In the event of the company being wound up members are required to contribute an amount not exceeding £1 RECRUITMENT AND APPOINTMENT OF MANAGEMENT COMMirrEE 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 Management Committee shall comprise of not less than seven and not more than twenty six members made up as follows: Page 3
Werneth and Freehold Community Development Project Trustees Annual Report al 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 as may be admitted to membership of the organisation from time to time. bl Up to seven elected representatives of the community 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 INDucfioN AND TRAINING New trustees are invited and encou raged to attend training sessions to familiarise themselves with the charity and the context in which it operates. 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 charlty including the Mernorandum and Articles of Association cl Resourcing and the current financial position as set out in the latest published accounts dl Future plans and objectives. There is also an annual meeting for the Management Commlttee to reflect and to do some forward planning. RISK MANAGEMENT Procedures are in place to ensure compliance wlth current legislation and good practice to ensure the health and safety of staff, volunteers, service users and visltors to the Project. The staff work in different locations, all premises and activltles are rlsk assessed. All staff undertake relevant training to reduce risk. 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 fundin8 by looking to some long-term funding schemes. ORGANISATION 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 ethnicityi cultures, religions, gender and age. The committee are responsible for the strategic direction/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 ensuring that the charity delivers services specified by funders and key performance indicators are met. It 15 the responsibility of the Projett to deliver quality services which respond to the needs specified by the local community. Page 4
Werneth and Freehold Community Development Project Trustees Annual Report POLICIES TO ACHIEVE OBJEcfivES The Project aims to meet the needs of the people of the Freehold area of the Werneth Ward and the surrounding areas 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 dlsadvantage, and to promote understanding and friendship across potentlal and actual barriers of race, culture, and religion. It is making a small contribution to the more just rnulti-cultural societyi to which it is in our common interest to aspire. The Project meets its aims through the employment of staff, the development of partnership5 With other agencies and by the use of volunteers and trainees on placement. The Werneth and Freehold Community Development Project Limited IWFCDP) is committed as an equal opportunities employer to eliminating all forms of discrimination, whether based on race, sex, dlsabilitY• sexual orlentatlon, age or religious belief, both through its work, and through its employment pollcy and practices. We consider such forms of dlscrimlnatlon to be demoralislng for those who are affected and divlslve and degradin8 for those who practlce dlscriminatlon. DEVELOPMENT, AcfiviTIES AND ACHIEVEMENTS IN THE YEAR. The following section gives 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 dlfference they make every day and the hard work they have done thls year. WFCDP contlnues to use its, practicallflnanclal and human resources to support the delivery of the charities alms and objectives, which Is vltal in these challengln8 tlmes due to the cost of Ilving crlsls. Development Work Our prioritlse for the year has been: Health and well being involvlng 8ardenin& walking groups, cookery class, advice sessions around cooking on budget, Mental wellbeing reducln8 isolatlon and confidence bullding through our common Interest groups. WFCDP had fundlng to run a popular confldence bullding pro8ramme wlth the aim of gettlng people back Into employment, training, or further education. In partnership with Oldham Lifelong Learning we have ran arrange of classes includln8 English, sewlng , craft Our support for women/ familles Ilvlng In dlfficuSt circumstances continued and our worker is avallable for one to one support throughout the week. Support families and individuals to access available schemes such as foodbanks , dlgital access , clothes, food package. Our volunteer programme continued and we welcomed students on placement from local college and schools. We have ran many events bringing communities together across different culture and generations Mens work began in the evenings through partnership work with new volunteers from OPHA We had funding to issue direct support to households experiencing flnancial difficulties. We continue with partners to offer advice sessions and sUPPOrt from Family Hub, Citizen Advice and Early Help. Page 5
Werneth and Freehold Community Development Project Trustees Annual Report Work with children (2-Ilyearsl We continue to manage the Panda Pre-school Playgroup operating from Christ Church Community Rooms. We are allowed up to 41 children per session 5 mornings and 3 afternoons a week, term time only. In our second Pr&school in Coppice, we are allowed 20 children per session and open 5 mornings and S afternoons per week, term time only. We run our Minl Panda parent and baby sessions at WFCDP We ran a popular holiday provlsion for parents and children. Partnershlp Work Partnership work Ss one of WFCDP strengths. We work with a ran8e of both statutory and voluntary organisations. These include Oldham life Long Learning, Christ Church, OMBC, Great Places Housing, OPHA, Oldham Women Network partners,Great Places, First Choice Homes, Oldham Poverty Group, Local district team and Oldham Action To8ether. Staff Tralnln8 and Project 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'brandin8'. for both the organisation and the pre-schools. We have updated WFCDP web page. Staff and Projert Development Senior staff team Projett Co-ordinator, Finance Manager,Early Years and Office Manager Staff team 2 x Pre-school Managers, 2 x Deputy Managers and 10 x Asslstants,4 development workers, adrnSnlstrator apprentlce and a cleaner. The management committee have supported the project throughout the year and as always thelr support has been invaluable durin8 this time. We welcomed new members. Publlc Benefit The trustees have had regard to the 8uldance on public beneflt published by the Charlty Commission. FINANCIAL MAThERS General funds showed a surplus of £23,406 in the year. At the year-end general funds carried forward were £169,802 and restricted funds carried forward were £94,016. We are continuing with last yearfs funding Strategy which continues to measure the current impatt and we have undertaken a risk a55e5sment for the comin6 year. We have a monthly revlew of our funding posltlon. We have secured new fundlng streams this year and a rented rooms to a company 3 days a week. The Trustees consider the financial position of the Projett to be satisfactory. RESERVES POLICY The Trustees have reviewed the organisation's need for reserves and consider that a minimum of three month's running costs, aiming to six months should be retained in general funds. At the year end the general funds met this target. Under our reserves policy trustees designated fundlng to enhance the work of the charity. CONCLUSION The Project has continued to maintain and develop its work in accordance with its agreed prlorlties. Audit Exemptions The trustees have decided to take advantage of the audit exemption provlsions of the Companies Act. Page 6
Werneth and Freehold Community Development Projert Trustees Annual Report 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 financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime a5 set out in Part 15 of the Companies Act 2006 and in accordan wlth the Charities SORP IFRS 1021. Signed on behalf of the board Tina Graham Trustee 14 October 2025 Tina E Graham signed on 1611012025, 12'.57.'36 Bsr 1411012025 Page 7
Werneth and Freehold Community Development Project Independent Examiners Report Independent Examiner's Report to the trustees of Werneth and Freehold Communlty 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 2025. Responsibilltles and basis of report As the charity's trustees of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordanc@ with th@ rÈouirÈmpntg of tho Companies Act 20061'the 2LK)6 Act). Havlng satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are ell8ible for Independent examination, I report In respett of my examination of vour charity's financial statements as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ib) of the 2011 Act. Independent examlner's statement As the charity's gross income exceeded £250,00) your examlner 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 The Associatlon of Accountlng Technicians, which Is one of the listed bodies. I have completed my examination. I can confirm that no material matters have come to my attentlon in connection with the examination glvlng me cause to believe: accounting records were not kept in accordance with sectlon 386 of the 2006 Act . or the financial statements do not accord with those records,. or the financlal statements do not comply with the accounting requlrements under section 396 of the 2LK16 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 IFRS 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. Angelika Gacek (MA4T) Pennine Accountin8 Limited 109A Church Street Littleborough Lancashire OL15 8AA 14 October 2025 Pa8e 8
Werneth and Freehold Community Development Project Statement of Financial Activities for the year ended 31 March 2025 Unrestrirted funds 2025 Restrirted funds Total funds Total funds 2025 2025 2024 Notes Income and endowments from: Donations and legacies Charitable activities Investments 103,632 3,222 331,503 435,135 3,222 407,678 Totsl 106,854 331,503 438,357 407,678 Expenditure on: Charitable activities 83,373 308,825 392,198 399,462 Total 83,373 308,825 392,198 399,462 Net gains on investments Net Income 23,481 22,678 46,159 8,216 Transfers between funds 1751 75 Net Income before other 8alns/{losses) 23,406 22,753 46,159 8,216 Other gains and losses Net movement In funds 23.406 22,753 46,159 8,216 Reconclllatlon of funds: Total funds brought forward 146,396 71,263 217,659 209,443 Total funds carried forward 169,802 94,016 263,818 217,659 Page 9
Werneth and Freehold Communlty Development Project Summary Income and Expenditure Account for the year ended 31 March 2025 2025 2024 Income 435,135 407,678 Interest and investment income 3,222 Gross income for the year Expenditure 438,357 407,678 392,198 399,462 Total expenditure for the year Net income before tax for the year 392,198 399,462 46,159 8.216 Net Income for the year 46,159 8,216 Page 10
Werneth and Freehold Community Development Project Balance Sheet at 31 March 2025 Company No. 02889356 Notes 2025 2024 Fixed assets Tangible assets io Current assets Debtors Cash at bank and in hand li 2,824 294,560 297,384 133,5671 263,817 263,818 247,363 248, 164 130,506} 217,658 217,659 Credltors: Amount falling due within one year Net current assets 12 Total assets less current Ilabllltles Net assets ex¢ludin8 pension asset or Ilabllity Total net assets 263,818 217,659 263,818 217,659 The funds of the charlty Restrlcted funds Restricted income funds 13 94,016 94,016 71,263 71,263 Unrestrlcted funds General funds 13 169,802 146,396 169,802 146,396 Reserves 13 Total funds 263,818 217,659 These accounts have been prepared In accordance wlth the speclal provlslons of Part 15 of the Companies Act 2006 relatlng to small companies. For the year ended 31 March 2025 the company was entltled 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 responsibllities 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 14 October 2025 And signed on its behalf by: Tina Graham Trustee 14 October 2025 Tina E Grahom t8?f6926gL012025, 12.57:36 8ST Page 11
Werneth and Freehold Community Development Project Statement of Cash flows for the year ended 31 March 2025 2025 2024 Cash ftows from operatlng actlvltles Net income per Statement of Financlal Artlvitles 46,159 8,216 Adjustments for: Dividends, interest and rents from investments Ilncreasel/Decrease in trade and other receivables Increase in trade and other payables 13,2221 12,0231 3,061 1,265 1,176 Net cash provlded by operatlng activities 43,975 10,657 Cash flows from Investlng artlvltles Dividends, Interest and rents from Investments 3,222 Net cash from Investln8 actlvltles 3,222 Net cash from finan¢lng artlvltles Net Increase In cash and cash equivalents 47,197 10,657 Cash and cash equlvalents at the beglnnlng of the year 247,363 236,517 Cash and cash equlvalents at the end of the year 294,560 247,174 Components of cash and cash equlvalents Cash and bank balances 294,$60 247,363 294,560 247,363 Page 12
Werneth and Freehold Community Development Project Notes to the Accounts for the year ended 31 March 2025 l Accounting policles Basls of preparation The financial 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 Standard applicable In the UK and Republic of Ireland IFRS 1021 leffective I January 20151 (Charities SORP IFRS 1021), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companles Act 2006. Change In basis of accountlng or to previous accounts There has been no change to the accounting policies (valuation rules and method of accounting) slnce last year and no changes have been made to account5 for previous years. Fund accountlng Unrestricted funds These are avallable for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestrlcted funds earmarked by the trustees for particular purposes. These are unrestricted funds whlch Include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subject to restrictlons imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of Income Income 15 included In the Statement of Financial Activities ISOFAI when the charity becomes entitled to, and virtually certain to recelve, the income and the amount of the income can be measured with sufflcient reliabillty. Income with related Where Income has related expendlture the income and related expenditure is expenditure reported gross in the SOFA. Donatlons and Voluntary Income recelved by way of grants, donations and gifts is Included In the the SOFA when receivable and only when the Charity has unconditlonal entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expendlture) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/llossesl on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets legacies Gains/{lossesl on investment assets This includes any gain or loss on the sale of investments. Page 13
Werneth and Freehold Community Development Projert Notes to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals ba515. Expenditure includes any VAT which cannot be fully recovered, and is reported a5 part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its actlvltles and charltable activities services in the furtherance of its objects, including the makin8 of 8fants 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 activlty. Grants payable Governance costs Taxatlon The charity Is exempt from corporation tax on Its charitable actlvities. Tanglble fixed assets and depreclatlon Depreclatlon is provided at the followin8 annual rates in order to wrlte off each asset over Its estlmated Useful life: Fixtures, Fittings, & Equipment 33.3% Straight Llne 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 equivalent5 comprise cash at bank and on hand, demand deposlts wlth banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowlngs 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. Trade and other creditors Short term creditors are measured at the transaction prlce. Other creditors and provisions are recognSsed 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. Page 14
Werneth and Freehold Communlty Development Project Notes to the Accounts 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 finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to chartty are classified 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 15 included in the balance sheet date as a finance lease obllgatlon. 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 expenses are recogni5ed immediatelyi unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy 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 Incentlves are recelved to enter Into operating leases, such incentives are reco8nlsed as a Ilability. The a88re8ate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. Penslon Costs The charity operates a deflned contribution plan for its employees. A defined contrlbution plan Is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributlons are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently admlnistered funds. Recelpt of donated goods, faclllties and servlces All donated goods, facilities and seNices received are recognised withln Incomlng resources and expenditure at an estimate of the value to the charity. 2 Company status The company is a prlvate company limited by guarantee and consequently does not have share capital. Page 15
Werneth and Freehold Community Development Prolect Notes to the Accounts 3 Statement of Financlal Actlvltles - prior year Unrestricted funds Restrlcted funds Total funds 2024 2024 2024 Income and endowments from: Charitable activities 39,801 367,877 407,678 Total 39,801 367,877 407,678 Expendlture on: Charitable activities 34,126 365,336 399,462 Total 34,126 365,336 399,462 Net Income 5,674 2,542 8,216 Transfers between funds {1,0861 1,086 Net income before other gains/llosses) Other galns and losses: Net movement In funds 4,588 3,628 8,216 4,588 3,628 8,216 Reconclllatlon of funds: Total funds brought forward Total funds carrled forward 141,808 67,635 209,443 146,396 71,263 217,659 4 Income from donatlons and legacles Total 2025 Total 2024 Restricted funds carried forward will be utilised in the current year. 5 Income from charitable artlvitles Unrestrlcted Restrlrted Total Total 2025 2024 Oldham MBC- main service provision Panda Preschool Other projects and services 103,632 103,632 39,801 260,474 71,029 331,503 260,474 71,029 435,135 265,980 101,897 407,678 103,632 Page 16
Werneth and Freehold Communlty Development Project Notes to the Accounts 6 Income from investments Unrestricted Total Total 2025 2024 3,222 3,222 3,222 3,222 7 Expenditure on charltable artivities Unrestrlcted Restrlrted Total Total 2025 2024 Expenditure on charitoble octivities Oldham MBC- main servlce provision Panda Preschool Other projects and services Governance costs 83,373 83,373 34,126 237,975 70,850 237,975 70,850 242,390 122,946 83,373 308,825 392,198 399,462 8 Net Income before transfers 2025 2024 Thls Is stated after char8lng: Independent Examiner's fee 9 Staff costs 1,140 1,140 2025 8,114 8,114 2024 Penslon costs 7,528 7,528 No employee recelved emolument5 In excess of £60,000. The average monthly number of full time equivalent employees durin8 the year was as follows: 202S Number 21 2024 Number 21 21 21 The charity provides a defined contrlbution Workplace Pension scheme with NEST Page 17
Werneth and Freehold Community Development Project Notes to the Accounts 10 Tangible fixed assets Fixtures, Flttings, & Equipment Total Cost or revaluation At l April 2024 At 31 March 2025 25,217 25,217 25,217 25,217 PFFfFFiiiipn Inq impairmont At l April 2024 At 31 March 2025 25,216 25,216 25,216 25,216 Net book values At 31 March 2025 At 31 March 2024 11 Debtors 2025 2024 Trade debtors Prepayments and accrued Income 606 2,218 2,824 200 601 801 12 Credltors: amounts falllng due wlthin one year 2025 2024 Trade creditors Other taxes and social security Other creditors Accruals 3,593 1,604 27,108 1,262 33,567 8,420 20,446 1,640 30,506 Page 18
Werneth and Freehold Community Development Project Notes to the Accounts 13 Movement in funds Incomlng resources At31 March 2025 (including At l Aprll other 2024 8ains/losses) Resources Gross transfers expended Rosiricrod fund£: Restrfcted income funds: Panda Preschools Small Grants FCHO & C05t of Living & Action Together ODAP 71.262 260,474 34,429 (237,975) (34,174) 93,761 255 16,700 19,9(K) 116,7001 119,976} 75 Totol 71,263 331,503 1308,825} 75 94,016 Unrestrlcted fvnds: General lunds 146,396 106,854 183,373} 1751 169,802 Total funds 217,659 438,357 1392,198} 263,818 Purposes and restrictions In relation to the funds., Restricted funds: Panda Preschools Small Grants FCHO & Cost of Living & Action Together ODAP Pre-school Health & Wellbeln8 through dlet and exercise Children and families with Cost of Livlng Families in crisis 14 Analysls of net assets between funds Unrestricted funds Total Flxed assets Net current assets 263,817 263,818 263,817 263,818 15 Reconciliation of net debt At31 March 2025 At l Aprll 2024 Cash flows Cash and cash equivalents 247,363 247,363 47.197 47,197 294.560 294,560 Net debt 247,363 47, 197 294,560 Page 19
Werneth and Freehold Community Development Projert Notes to the Accounts 16 Related party dlsclosures Controlling party The company is limited by guarantee and has no share capital; thus no single party controls the company. Page 20
Werneth and Freehold Community Development Project Detailed Statement of Financial Activities for the year ended 31 March 2025 Unrestrirte d funds 2025 Restrlrted funds 2025 Total funds Total funds 2025 2024 Income and endowments from: Charitable activities Oldham MBC- main servlce provision Panda Preschool Other projects and servlces 103,632 103,632 39,801 260,474 71,029 331,503 260,474 71,029 435,135 265,980 101,897 407,678 103,632 Investments 3,222 3,222 3,222 3,222 Totsl Income and endowments 106,854 331,503 438,357 407,678 Expenditure on: Charitable activities Oldham MBC- main service provislon Panda Preschool Other projects and servlces 83,373 83,373 34,126 237,975 70,850 308,825 237,975 70,850 392,198 242,390 122,946 399,462 83,373 Total of expendlture on charltable activities 83,373 308,825 392,198 399,462 General administratlve costs, Including depreclation and amortlsaiion Depreciation of Flxtures, Fittings, & Equipment Total expenditure Net 8ains on investments 83,373 308,825 392,198 399,462 Net Income 23,481 22,678 46,159 8,216 Transfers between funds {751 75 Net income before other galnslllosses) Other Gains 23,406 22,753 46,159 8,216 Net movement in funds 23,406 22,753 46,159 8,216 Reconciliation of funds: Total funds brought forward 146,396 71,263 217,659 209,443 Page 21
Werneth and Freehold Community Development Projert Detailed Statement of Financial Activities Total funds carried forward 169,802 94.016 263,818 217,659 Pa8e 22
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