##
##
##
|||||Page|
|---|---|---|---|---|
|Reference and Administrative||Details ofthe Company,|its Trustees and Advisers||
|Trustees' Report||||2-10|
|Independent
Auditors'|Report|on the Financial Statements||11-14|
|Statement of Financial|Activities|||15|
|Balance Sheet||||16-17|
|Statement ofCash Flows||||18|
|Notes to the Financial|Statements|||19-37|
##
##
|Trustees||||Addan
Nicholas||Curtis, Chair ofTrustees|Curtis, Chair ofTrustees||
|---|---|---|---|---|---|---|---|---|
|||||John Lawrence||Marriott, Trustee|||
|||||Bernard
Lewis,||Trustee (resigned 15June||2021)|
|||||Laura Hobson,|Trustee||(resigned 18October 2021)||
|||||Leslie John Webb, Trustee|||||
|||||Helen Aldred, Trustee|||(resigned 21May 2021)||
|||||Teresa Maria McDonald, Trustee (resigned 15June 2021)|||||
|||||Rebecca Malin,||Trustee (resigned 31December 2021)|||
|||||Nicholas Joel Shaper, Trustee (appointed||||16March 2022)|
|Company|registered||||||||
|number||||2919781|||||
|Charity registered|||number|1042233|||||
|Registered||office||Royds Enterprise||Park|||
|||||Future Fields|||||
|||||Buttershaw|||||
|||||Bradford|||||
|||||West Yorkshire|||||
|||||BD63EW|||||
|Company|secretary|||Clair Varney (appointed|||1April 2021)||
|Chief executive officer||||Clair Varney (appointed|||1April 2021)||
|Independent||auditors||BHP LLP|||||
|||||New Chartford|House||||
|||||Centurion
Way|||||
|||||Cleckheaton|||||
|||||Bradford|||||
|||||West Yorkshire|||||
|||||BD193QB|||||
|Bankers||||National
Westminster|||Bank PLC||
|||||7Hustlergate|||||
|||||Bradford|||||
|||||West Yorkshire|||||
|||||BD11PP|||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2022|2022|2022|2021|
||Note|6|6|6|E|
|Income from:||||||
|Donations
and legacies|3|100,255||100,255|93,717|
|Charitable
activities|4|28,051|76,254|104,305|38,508|
|Other trading
activities|5|462,103||462,103|415,226|
|Totalincome||590,409|76,254|666,663|547,451|
|Expenditure
on:||||||
|Charitable
activities|6|540,889|43,073|583,962|708,093|
|Total expenditure||540,889|43,073|583,962|708,093|
|Net income/(expenditure)||49,520|33,181|82,701|(160,642)|
|Transfers between
funds|17|4,645|(4,645)|||
|Net movement
in funds before other||||||
|recognised gains/(losses)||54,165|28,536|82,701|(160,642)|
|Other recognised gains/(losses):||||||
|Actuarial
losses on defined benefit pension||||||
|schemes|||||(810,000)|
|Net movement
in funds||54,165|28,536|82,701|(970,642)|
|Reconciliation
offunds:||||||
|Total funds brought
forward||2,232,573|28,118|2260691|3,231.333|
|Net movement
in funds||54,165|28,536|82,701|(970,642)|
|Total funds carried forward||2,286,738|56,654|2,343,392|2,260,691|
##
##
||||||||2022||2021|
|---|---|---|---|---|---|---|---|---|---|
||||||Note||E||E|
|Fixed assets||||||||||
|Tangible assets|||||||3,432,900||3,488,355|
|Investments|||||12||1||1|
||||||||3,432,901||3,488,356|
|Current assets||||||||||
|Debtors|||||13|74,025||55,661||
|Cash at bank and|in|hand||||288,102||177,681||
|||||||362,127||233,342||
|Creditors: amounts||falling due within one year|||14|(1,417,789)||(1,409,379)||
|Net current
liabilities|||||||(1,055,662)||(1,176,037)|
|Total assets less current|||liabilities||||2,377,239||2,312,319|
|Creditors: amounts|falling||due after more than|||||||
|one year|||||15||(33,847)||(51,628)|
|Total net assets|||||||2,343,392||2,260,691|
|Charity funds||||||||||
|Restricted funds|||||17||56,654||28,118|
|Unrestricted
funds||||||||||
|Unrestricted
funds|excluding|||pension asset|17|3,539,73S||3,485,573||
|Pension reserve|||||17|(1,253,000)||(1,253,000)||
|Total unrestricted|funds||||17||2,286,738||2,232,573|
|Total funds|||||||2,343,392||2,260,691|
##
##
##
||||2022|2021|
|---|---|---|---|---|
||||f.|E|
|Cash flows from operating|activities||||
|Net cash used in operating|activities||214,569|64,650|
|Cash flows from Investing|activities||||
|Purchase oftangible fixed|assets||(92,186)|(90,904)|
|Proceeds from sale oftangible fixed assets|||2,469|5,783|
|Net cash used in investing|activities||(89,717)|(85,121)|
|Cash flows from financing|activities||||
|Cash inflows from new borrowing||||50,000|
|Repayments
of borrowing|||(14431)|(7333)|
|Net cash (used in)/provided|by financing activities||(14,431)|42,667|
|Change in cash and cash equivalents||in the year|110,421|22,196|
|Cash and cash equivalents|at the beginning
ofthe year||177,681|155,485|
|Cash and cash equivalents|at the end ofthe year||288,102|177,681|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Unrestd cted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2022|2022|2022|2021|
|||||f|f|f|f|
|Government|grunts|||||||
|Coronavirus|Job Retention||Scheme grant|224||224|25,143|
|Coronavirus|exceptional|support||100,031||100,031|68,574|
|||||100,255||100,255|93,717|
|Total 2021||||84,519|9,198|93,717||
##
##
||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2022|2022|2022|2021|
||||f||f|f|
|Income from charitable|activities|—Health 8|||||
|Advice|||28,051|76,254|104,305|38,508|
|Total 2021|||6,985|31,523|38,508||
##
##
##
##
|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2022|2022|2021|
|||||f|6|E|
|Enterprise|||Park|412,663|412,663|343,247|
|Delph|Hill Centre|||||220|
|Healthy||Living Centre||38,100|3' 100|58,296|
|Shops||||11,340|11'340|13,463|
|||||462,103|462,103|415,226|
|Total|2021|||415,226|415,226||
##
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2022|2022|2022|2021|
|||6|6|6|6|
|Health &Advice||17,189|38,120|55,309|132,608|
|Cost of Generating|Funds|523,700|4,953|528,653|575,485|
|||540,889|43,073|583,962|708,093|
|Total 2021||584,706|123,387|708,093||
##
##
##
|||Activities||||
|---|---|---|---|---|---|
|||undertaken||Total|Total|
|||directly|Support costs|funds|funds|
|||2022|2022|2022|2021|
|||f|f|f|f|
|Health &Advice||55,309||55,309|132,608|
|Cost ofGenerating|Funds||528,653|528,653|575,485|
|||55,309|528,653|583,962|708,093|
|Total 2021||132,608|575,485|708,093||
##
##
##
##
##
|||Costs of|||
|---|---|---|---|---|
|||generating|Total|Total|
|||funds|funds|funds|
|||2022
f|2022f|2021
E|
|Staff costs||171,745|171,745|120,798|
|Depreciation||137,435|137p435|129,153|
|Facilities Manager||||65,553|
|Consultant||8,417|8/17|7,302|
|Interim
CEO||||63,367|
|Other staff costs||2,292|2,292|2,215|
|Security||||31,303|
|Rates and utilities||46,235|46,235|39,478|
|Insurance||29,387|29,387|23,658|
|Repairs and|maintenance|67,470|67,470|67,315|
|Printing,
postage and stationery||7,051|7,051|3,278|
|IT,telephone|and internet|12,684|12,684|7,143|
|Finance support||4,750|4,750|2,125|
|Professional|fees|||362|
|Subscriptions||1,215|1,215|1,155|
|Loss on disposal oftangible fixed assets||7,737|7,737||
|Bank interest|and charges|4,146|4,146|3,221|
|Sundries||4,318|4,318|2,726|
|Cafd costs||23,771|23,771|5,333|
|||528,653|528,653|575,485|
|Total 2021||575,485|575,485||
##
##
##
||||2022|2021|
|---|---|---|---|---|
||||6|E|
|Wages and salaries|||191,634|206,693|
|Social security costs|||15p800|16,703|
|Contribution|to defined contribution|pension schemes|8,213|7,848|
||||215,647|231,244|
|Management||
|---|---|
|Health and Advice||
|Administration|and support|
|2022|2021|
|---|---|
|No.|No.|
|10|10|
##
##
##
||Freehold|Plant and||Fixtures and||
|---|---|---|---|---|---|
||property
f|machinery
f|Motor vehicles
f|fittings
f|Total|
|Cost or valuation||||||
|At 1April 2021|5,213,857|344,945||352,928|5,911,730|
|Additions|63,905|1,151|13,000|14p130|92,186|
|Disposals||(22,288)||(47,486)|(69,774)|
|At 31March 2022|5,277,762|323,808|13,000|319,572|5,934,142|
|Depreciation||||||
|At 1April 2021|1,845,777|322,820||254,778|2,423,375|
|Charge for the year|104,277|5,272|2,844|25,042|137,435|
|On disposals||(19,508)||(40,060)|(59,568)|
|At 31March 2022|1,950,054|308,584|2,844|239,760|2,501,242|
|Net book value||||||
|At 31March 2022|3,327,708|15,224|10,156|79,812|3,432,900|
|At 31March 2021|3,368,080|22,125||98,150|3,488,355|
##
##
##
|Investments
in|
|---|
|subsidiary|
|companies|
|f|
##
|Name|||||Company|Principal activity|Class of|Holding|
|---|---|---|---|---|---|---|---|---|
||||||number||shares||
|Royds Community||Association|(Subsidiary)||4497758|Dormant|Ordmary|100N|
|Limited|||||||||
|The financial|results ofthe subsidiary|||for the|year were:||||
|Name||||||||Net assetsf|
|Royds Community||Association|(Subsidiary)||Limited||||
|Debtors|||||||||
||||||||2022|2021|
||||||||f|f|
|Due within one yeor|||||||||
|Trade debtors|||||||34,211|37,330|
|Prepayments|and|accrued income|||||39,814|18,331|
||||||||74,025|55,661|
##
##
|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||f|f|
|Bankloans||||||9,666|6,316|
|Otherloans||||||7p333|7,334|
|Trade creditors||||||51,930|41,469|
|Other taxation|and social|||security||14,056|15,995|
|Other creditors||||||1,300,936|1,306,300|
|Accruals and deferred|||income|||33p868|31,965|
|||||||1,417,789|1,409,379|
|Creditors: Amounts||falling due after more than|||one year|||
|||||||2022|2021|
|||||||f|f|
|Bankloans||||||33,847|51,628|
|Financial instruments||||||||
|||||||2022|2021|
|||||||f|f|
|Financial assets||||||||
|Financial assets|measured|||at fair value through|income and expenditure|288,102|177,681|
##
##
##
##
##
||||Balance at 1|||Transfers|Balance at31|
|---|---|---|---|---|---|---|---|
||||April 2021|Income|Expenditure|in/out|March 2022|
||||6|||6|6|
|Unrestricted|funds|||||||
|General funds|||3,485,573|590,409|(540,889)|4,645|3,539,738|
|Pension reserve|||(1,253,000)||||(1,253,000)|
||||2,232,573|590,409|(540,889)|4,645|2,286,738|
|Restricted funds||||||||
|New Horizons|||16,736|39,362|(14,527)||41,571|
|Jer Lane||||1,496|(676)||820|
|Lock Down Local Arts,||Crafts, Trips|||(317)|607|290|
|Woodside Community||Garden||2,350|(429)||1,921|
|Wibsey Park|Exercise|||500|(1,440)|||
|Social Prescribers||||32,546|(25'684)||6,862|
|Football and|Flamenco||6,192|||(6,192)||
|Lung Cancer|||5,190||||Sp190|
||||28,118|76,254|(43,073)|(4,645)|56654|
|Total offunds|||2,260,691|666,663|(583,962)||2,343,392|
##
##
|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at|||Gains/|31March|
|||1April 2020|Income|Expenditure|(Losses)|2021|
|||E|E|6|E|E|
|Unrestricted
funds|||||||
|General
Funds -|all funds|3,563,549|506,730|(584,706)||3,485,573|
|Pension reserve||(443,000)|||(810,000)|(1,253,000)|
|||3,120,549|506,730|(584,706)|(810,000)|2,232,573|
|Restricted funds|||||||
|The LEAP Project||34,846|5,290|(40,136)|||
|ESF||23,428|(23,428)||||
|Football and Flamenco||6,380||(188)||6,192|
|Postcode Lottery||13,113||(13,113)|||
|Lung cancer||5,190||||5,190|
|New Horizons||27,827||(11,091)||16,736|
|Coronavirus
Job|Retention||||||
|Scheme|||9,198|(9,198)|||
|Other restricted|funds||49,661|(49,661)|||
|||110,784|40,721|(123,387)||28,118|
|Total offunds||3,231,333|547,451|(708,093)|(810,000)|2,260,691|
##
##
##
##
##
||Balance at 1|||Transfers|Balance at31|
|---|---|---|---|---|---|
||April 2021f|Income
f|Expendituref|In/out
f|March 2022
f|
|General funds|2,232,573|590,409|(540,889)|4,64S|2p286,738|
|Restricted funds|28,118|76,254|(43,073)|(4,645)|56,654|
||2,260,691|666,663|(583,962)||2,343,392|
|Summary offunds - prior year||||||
||||||Balance at|
||Balance at|||Gains/|31March|
||1April 2020
f|Income
f|Expenditure
f|(Losses)
f|2021f|
|General funds|3,120,549|506,730|(584,706)|(810,000)|2,232,573|
|Restricted funds|110,784|40,721|(123,387)||28,118|
||3,231,333|547,451|(708,093)|(810,000)|2,260,691|
##
##
##
||Unrestricted|Restncted|Totai|
|---|---|---|---|
||funds|funds|funds|
||2022|2022|2022|
||6|6|6|
|Tangible fixed assets|3,432,900||3,432,900|
|Fixed asset investments|1||1|
|Current assets|305,473|56,654|362,127|
|Creditors due within one year|(1,417,789)||(1A17,789)|
|Creditors due in more than one year|(33,847)||(33,847)|
|Total|2,286,738|56,654|2,343,392|
||Unrestricted|Restricted|Tote
I|
|---|---|---|---|
||funds|funds|funds|
||2021|2021|2021|
||E|E|6|
|Tangible fixed assets|3,488,355||3,488,355|
|Fixed asset investments|1||1|
|Current assets|205,224|28,118|233,342|
|Creditors due within one year|(1,409,379)||(1,409,379)|
|Creditors due in more than one year|(51,628)||(51,628)|
|Total|2,232,573|28,118|2,260,691|
##
##
##
|||||2022
6|2021f|
|---|---|---|---|---|---|
||Net income/expenditure
for the year (as per Statement||of Financial Activities)|82,701|(160,642)|
||Adjustments for:|||||
||Depreciation
charges|||137,435|129,153|
||Loss/(profit)
on the|sale offixed assets||7,737|(1,067)|
||Decrease/(increase)|in debtors||(18,364)|139,013|
||(Decrease) in creditors|||5,060|(41,807)|
||Net cash provided|by operating activities||214,569|64,650|
|21.|Analysis ofcash and cash equivalents|||||
|||||2022|2021|
|||||6|E|
||Cash in hand|||288,102|177,681|
||Totai cash and cash equivalents|||288,102|177,681|
|22.|Analysis ofchanges|in net debt||||
||||At 1April||At 31March|
||||2021|Cash flows|2022|
||||6|6|6|
||Cash at bank and in|hand|177,681|110,421|288,102|
||Debt due within 1year||(13,650)|(3,349)|(16,999)|
||Debt due after 1year||(51,628)|17,781|(33,847)|
||||112,403|124,853|237,256|
##
##
##
##
##