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
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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
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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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