RE615fERED COMPAf4Y NUMBER: 02919781 (England and Wales)
REGISTERED CHARITY NUMBER: 1042233
REPORT OFTHE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 20Z4
FOR
ROYDS COMMUNITY ASSOCIATION
R.'yds
A PLACE FOR EVERYONE
Thornas Coombs Llmlted
Statutory Auditor
Chartered Accountants
3365 The Pentagon
Century Way
Thorpe Park
West Yorkshire
LS15 8Z8

ROYDS COMMUNITY ASSOCIATION
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
Page
Reference and Administrative Details
Report of the Trustees
Report of the Independent Auditors
9 to 12
Statement of Financlal Activlties
Balance sheet
14
Cash Flow statement
15
Notes to the Cash Flow Statement
16
Notes to the Financlal Statements
17 to 28
Dqtailed Statement of Financial ACtiv￿eS

ROYDS COMMUNITY ASSOCIATION
REFERENCE AND ADMINISTRATIVE DEfAILS
FOR THE YEAR ENDED 31ST MARCH 2024
TRusfEES
A N Curtis
C J Dinsdale
J L Marriott
NSNurden
N I Shaper (resigned 11111241
LJWebb
COMPANY SECRETARY
C Vamev
KEY MANAGEMENT PERSONNEL
C Varney ICEOI
A Briggs (Finance Managerl
REGISTERED OFFICE
Royds Enterprise Park
Future Fields
Buttershaw
Bradford
B063EW
REGISTEREO COMPANY NUMBER
02919781 (England and Walesl
REGISTERED CHARifi NUMBER
1042233
AUDITORS
Thomas Coombs Limited
Statutory Auditor
Chartered Accountants
3365 The Pentagon
Century Way
Thorpe Park
Leeds
West Yorkshire
L515 8ZB
BANKERS
National Westminster Bank PLC
l Market St
Bradford
BDI IEG
Page I

ROYDS COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED SI￿ MARCH 2024
The trustees who are also directors of the charity for the purposes Df the Companies Act 2006, present their report wSth the financial
statements of the charity forthe yezrended 31st March 2024. The trustees have adopted the provlsions ofAccounting and Reporting
by Charities= Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Finantlal
Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 leffecttve l January 20191.
OBJECTIVES AND ACTIVITIES
Policiu and objecttves
The objethves of the charity are laid down in the Memorandum and Articles of Associatr'on:
To promote the benefit of the Inhabitants of the benefit area without dlsttnttion of sex. race or of political, rellglous or other
opinions by assocSadng together representatives of the sald inhabitants and various Other persons a common èffort to provide
facllltles in the interest of social welfare for recreation and leisure time octupation wlth the object of improving the conditions of Ilfe
for the said inhabStants.
To fdrry on for the beneNt of the community in the benefit area of the business of providlng and improving housing aid any
associated amenities for persons in necessitous circumstances upon temis approprlate to their mean5.
To promote any charitable purpose for the benefit of the inhabitsnts of the benefit area and in parkncular the advancement of
education and the relief of poverty.
To promote lor the benefit of the public, urban or rural regeneratSon in areas of social and economic deprivation by the rellef of
financial hardship, by the rellef of unemployment, by the advancement of education, training or retrninln& particularly arnong
unemployed people and providing unemployed people with work experience.
Aims of the Charity
To be a locally and nationally respected organisadon which supports communities and individuals to improve their quality of life. It
alms to bulld confidence and skills In others to enable them to tske control of their social, environmental and economic
circumstances.
We have complied wi+h the duty in section 4 of the Charities Act 2011 to have due regard to public benefft guidance published by
the Charity Commission. All our charitable activities are undertaken to further our charitable purposes for the public benefit.
The need for Royds
Our main area of community focus is the Royds ward. Royd5 ward is one of six wards in the Bradford South area. It contains the
communities of Buttershaw and Woodside and also includes parts of Wlbsey, Low Moor and Horton Bank Top
Our area is affected by multiple indicators of deprivation, the ward being ranked Ilth in the District for the Index of Multiple
Deprivation where l is the most deprlved and 30 is the least deprived. Royds continues wtth above distrirt average levels for
employment depriv?tion and educa￿On, skills and training deprivation.
- Safer neighbourhoods are sought due to high levels of crime from Anti-social Behaviour IASBI, Violence agalnst people to vehicle
securityi driving and illegal parking.
Life expectancyof the Ward is lowerthan the national average with high rates for respiratory disease, some cancers and depression.
Hospital admissions are hlgher than most other wards, parlicularly In relation t¢) Cancer, trauma, and is relattvely high in relation to
stroke, diabetes and hypertension. Residents have not engaged well with health services and do not have the same aspiration5 for
better health as other area5.
Child Heath and Education for the ward remains a challenge across obesity, school attendance and rates. The percentage of 16117
year olds not in education is the highest in the district.
Oble¢tives for the Year
Our objectives for the year were as follows..
To continue to offer grass roots, high quallty Services that help community member5 make positive changes for themselves and
their community.
-To bring communitres and service providersto8ether through a range of seasonal and specilic events held at ourcommunity centres
assets.
To develop and deliver quality programmes within the sector that focus on community enablement. Focussing on health and
employability.
-To develop and deliver Partnership-wide inidatlves across a nètwork of setvices providers and communities, enabling broaderaccess
to service5 across communities.
To develop key relationships and partnerships within the sertor to influence and inform policy, enhance programmes of delivery
that enable to the w,.-der network of communfty providers.
To be a financially viable and sustalnable organi5ation by increasing eamed intome and ensuring full c05t recovery In all funding
agreements.
To be a local, respected organisation with high quallty standards, people and social values.
Page 2

ROYDS COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024
OBJEcmiES AND ACTIVITIES
Strategie5 for achlevln8 oblecdves
The Board of Trustees, CEO and the management +eom have worked together during the year to develop a 3-year strategy for Royds.
The strategy focus areas are:
o Create an environment of community enablement.
o Provide a range of services and capabilities in the community.
o Develop strategically aligned partnerships for Royds Community Association, Area and Oistrict.
o Maintsln, develop, repurpose ph￿Ical assets and underpin with a Green Plan.
o Develop long-terrn financing strategy which enables stability to operations.
- Ourstratebryforachieving our aims and objectives involves review of exlsfjng prograrnmes based on regular monltoring, and scrutiny
of new programme proposa15 lo ensure they are in line wSth our overall objettlves and financial controls.
The resilience of Royd5 Enterprlse Park, and the tenants. alon8 Wlth lOng-te￿ planning withln the Community Strategy, allowing
future forgrowth, enrichment and enablernent in the community.
- To achieve the aims and objectives of the charity, programmes may be run as collaborattons, contracted or commissioned activity,
8rant funded activity, or as a result of earned income from our unrestricted income sources such as building5 and assets. Communty
services such as community centres, advice and community development are subsldlsed from unrestrirted profitable income. and
this ensures the charity can continue to meet local need.
Page 3

ROYDS COMMUNifi ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 315T MARCH 2024
ACHIEVEMENT AND PERFORMANCE
Charitable artlvities
The charity continues to provide Services to its beneficiaries and strives to improve on the current offer and to create new services
based on demand or need. Our main are35 of worklactivity are..
Landlord Setvices to Royds Enterprise Park, Healthy Living Centre & Woodside Village Centre.
Cofflmunity Centres at Woodside and Delph Hill
- Consorknum and Gateway Programmès
Landlord Servlces
Royds Enterprise Park
The Enterprise Park is the major source of unrestricted income for the charltywhich is generated from rental income. room hSre and
Service charges. The Park ha5 perforrned well throughout the year and are pleased to have maintained hSgh levels of occupancy
during the year across the Industrial Units and maintained a healthy wawhng list for our units.
Within the Head Office location we also secure resource from tenanted Offices and Meeting Rooms. The year has seen a flattening
in the take of up meetin8 room space thls period but we have developed strong relaifonships with our customer5 who continue to
come back again and again to use our services. Lookin8 ahead, Royds hope to build t)n our relationship5 to turn the current level
positton to an upturn during the next year.
The Enterprise Park continues to 8enerate real jobs via its business tenants and the majority of these are taken by local residents.
Royds Healthy Uvlnl Centre
Royds continues to provide valuable primary Ca￿ health services to local residents, particularly in the Buttershaw a￿a, through the
ownership of the Royd5 Healthy Living Centre which Is tenanted by the Ridge Medical Practice.
Woodslde Takeaway & Shops
Landlord provisrons are offered within Woodside estate. alongside our Community Centre, offering a suite of community assets. It is
important to Royds to ensure that the assets continue to offer a benefit to the Cornmunity of Wood5ide 3nd are therefore managed
well. To ensu￿ community commitment is retained within our physical assets. we have been working with current and *uturetenants
on the future of these properties.
Comrnunit Centres
Woodside Village Centre & Delph Hill Community Centre
Royds continues to provide suppart to the local cornmunity of Woodside & Delph Hill through the ownership of the respective
community centres. Within the centres we offer a wide range of services directly, through 3rd parties and for the general public.
During the year we have been proud to continue to offer, Well Being Cafes, on-site public cafe5, Bradford Youth Services, Service
drop-ins, craft groups. private partre5, seasonal events and much rnore.
The centre5 have benefited from eouncil-led funding in the offerin8 of Warm/Welcoming Spaces.
The scope to continue with the gr85s roo.s communlty Services is great and whilst funding remalns an underlylng challenge in the
area we continue to look for innovative fundin& partnerships, volunteers and wider programmes to continue to offer services that
the communit(es need and deserve and to make those much needed services sustainable.
Page 4

ROYDS COMMUNITY ASSOCIATION
REPORT OF ThE TRUSTEES
FOR THE YEAR ENDED 31sr MARCH 2024
ACHIEVEMENT AND PERFORMANCE
Partnershlp Programme5 & Network5
Royds works in partnershlp wlth many different organisations including, VCS Alllance and the NHS primary and secondary care
services. We also work within the ward and acr05S Other programmes are In development including the Locality Plan5 With Bradford
Council and subsequent Leadership Programmes atross the region.
Wow Partnership
In Bradford, Al￿dare and Craven, the nadonal model of Community Partnerships wa5 3dopted to drlve forward local declsion rnaking
and partnership worklng, focu5sed Dn populations of between 30,(M)O and 60,000 these are called Community Partnerships. The
dlstrlet has 10 Community Partnershlps In Bradford and 3 In AWC centred around small groups of GP Practices.
Within these Communities, a range of different agencles work together In partnership to deliver Health and Care service to their local
population. Eath area is coordinated by a Communlty Partnership leadership team comprlsing of different agencSes. Each of these
leadership teams require VCSE representation, known as the VCS Anchor.
Royds has continued to operate as the Lead Anchor role within the Wow Partnership, with Scholernoor Beacon offering deputy
support. The role is key In working alongside other health care providers across the partnership area which includes Royds, Wibsey,
Great Horton and parts of Little Horton and Queen5bury Wards. Royds Is proud to dellver the role which provlde5 a voice to the VCS
organlsatior.s within the partnership area as well an opportunlty for those organisations to beneflt from support in health-ba5ed
offerings within thelr communities. Royd$ 5ntends to build on this partnership worklng to enable other community organisations to
be heard.
Under the Partnershlp, Royds have continued to develop their input to the Core 20 plus 5 Reducing Inequalities programme.
The Health Checks programme ha5 continued for a further year acr055 the communlty centres and events within the area. The
programme is fully supported by the Primary Care Network IPCNI and it is often referred for best practr'ce principles. Over one
thousand pattents have been seen throughout the programme and counting.
We have also delivered the Befrlending and Volunteer Service which also falls into the Core 20 plus 5 Reducing Inequalities
programme. Already confirmed to run for a second year, the programme has signed up twenty-seven volunteer5 to date and
supported eighty-live Service users.
Soclal Prescrlblng Llnk Workers
Royds continue to manage the Social Prescribing Link Team on behalf of the PCN. Ori8inating withln a priority project of the Wow
Partnership, the team Is now 5UStainable In Its own right and contr.nues to go from strength to strength across tommunlty services,
GP practices and most importantly the community themselves in the partnership area.
Receivlng over seventy referrals per month, malnly via GPS, the team of seven Social Prescribers work wlth patients to undèrstand
their non-medical concerns and nehvork thèm into the available seThices within thelr community. Knitknng tQ8ether the patient need
with the service provision. bul,'dinB the community engagement.
Arise Yorkshlre Ltd
Royds is one of four equal partner5 Wlth tr40 nominated directors of the Arise Yorkshire Ltd re8eneration company. The programme
of selling properties when available has cOn￿nUed throughout the year resulting at a slightly Slower pace due to the availability of
property and the market dynamlcs. We have also taken the step to contart tenants about possible purchase. The programme will
continue throughout the nèxt period.
Royds Communlty A550clatlon Isubsldiaryl Ltd
Royds wholly owned trading subsldiary for carrying out non-charitable athvltles. However, as the charity has not needed a separate
vehicle to condurt any of its activities, Royds Subsidlary Continues to be a dormant company. There 15 no activlty agalnst which to
report for the year.
Page 5

ROYDS COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH Z024
FINANCIAL REVIEW
Finandal posltlon
The charity's total incL)me for the financial year 2023124 year was £704.969 12023 £682,935), total expendlture, including
depreciation, was £790,92912023- £695,1661 re5ultlng in a deficit for the year of £85.96012023 ylelded a small deficit of £12,231).
Depreciation of E139.954 is included in the above figures.
The charlty receives restricted funds either through contracting arrangements or In the form of grants from orBanisadons, and
generates unrestricted funijs through rental income and provision of 5ervtces in Its building5, as well 85 through the provision of
consultancy 5UPPOrt to thlrd party Organisa￿on$. The major funder5 durlng the year were Bradford Metropolitan District Council and
Bradford VCS Alllance.
Reserves pollcy
The Board of Royds Communlty As50ciatton aims to develop a prudent level of reserves equivalent to three rnonths normal trading
costs. Based on budgeted costs for the year ended 315L March 2025 this is a figure of £167,349 lapproxlmately £167.0001.
We believe that thi5 is approprlate for the follow5ng reasons:
- Covering any unforeseen emèrgency or other unexpected need for funds.
-Absorbing any short term 5et-back5 or unexpected day-to-day operational costs.
Ability to Invest in staff or costs to enable u5 to deliver new servlce5.
Planned commitments that cannot be met by future income alone.
Free reserves as at 31st March 2024 were £69,758 12023: £155.7401. The ¢haritsble companvs intention is to 8enerète annual
surpluses in the medlum term to reach the targeted reseNe5 level. Plans are In place during the first quarter of 24125 to bring the
reserves back In line through asset consolldation.
Golng Concern
The accounts have been prepared on a golng concern bas15 on the assumption that the charity is able to carry on operating as a going
concern in the foreseeable future, which the trustee5 consider appropriate having regard to the following..
The major source of unrestricted income comes from rents and service char8es at the Enterprise Park. The park has continued to
perform well and occupancy remains above 95% across the estate. The trustees see no reason for the success of the Its landlord
assets to dlminish in the foreseeable future.
Glven the uncertainty surrounding the public sector reduction in funding, the trustees remaln confident with a vlew to mitigating
any potential loss in Income. The trustees are confident at this stage that the rental income can be retained or replaced with little
effect on the budget.
If funding for the project5 IS cut, then the service provision will reduce accordingly and corresponding expenditure wlll be reduced.
The exiting of the West Y0r￿h1re Pension Fund during the year ended 31st March 2021 has resulted in the Charity having net
liabillties of £1,158,671 lif fixed assets of £3,403,872 a￿ excludedl at 3151 March 2024. The trustees are confident that they have
finance options available to them should they be required.
PLANS FOR THE FUTURE
The charity has had over a decade of financially successful years (after depreciationl and wlll cont'nue to build on this posltive succe55
In 2024/25 in the key areas of health, the economy and community enablement.
The dellvery model for the charlty is underpinned by the generation of surpluses from unrestricted income
prlmarily Royds
Enterprise Park - to subsldise areas of work whlch are unable to generate income such as community or youth support, and this
continues to allow the charity to deliver against its charitable objectives within a stable financial model. We will continue to work
with partners to address local issues and needs and continue to develop collaborative arran8ement5 to attract funds and contracts.
Royds community building5 continue to be at the heart of OLFr charitable delivery. providin8 econom1¢ and employment beneflts at
Royds Enterprise Park and our local shops, health benefits at the Royds Healthy Living Centre, community benefits at Woodside
Village Centre and Oelph Hlll Centre.
Our key collaborative model Is Arise Yorkshire Ltd, a company limited by guarantee. formed by Royds and three partners of similar
size and make up. which atts as a bidding vehicle for larger, district wide programmes and contracts.
Par.Trnershlp with other organisations rernains a key part of our delivery strategy.
Royds are cOn￿nUInE to perform well under the Cost of Living challenges and are weil placed and exclted to move into 2024125 and
deliver some re211y great progrzmmes In the community.
Page 6

ROYDS COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024
STRUCTURE, GOVERNANCE ANO MANAGEMENT
Goveming document
The charity is controlled by its governing document, a deed of tDJst, and constitutes a limlted company, limited by guarantee, as
defined by the Companies Act 2006.
Charlty con5tltution
Royd5 Community Association 15 a Re8lStered Charity and a company limited by guarantee. It 15 governed by its Memorandum and
Arkncles of Association. The charity has one trading subsidiary, which wa5 dormant in thi5 year. The charity is governed by a b03rd of
up to 10 trustees who are responsible for implementing the policies of the organisation. Trustees are on the board for an unlimited
period. All of the trustees are a150 members of the Charitable Company.
Organisational rtrutture and decision making
The board meet5 bi-monthly and conducts its busrness against presented reports and trustee discussion. All decisions are minLrted
and action lists are compiled following meetings. The board meet annually to review it5 governance. delivery and future plans. The
charity operates a series of comm."ttees which report to the full board.
- The Finance Committee meets monthly to consider rnanagement accounts, cash tlow and day-to-day linancial control.
- The Community Committee meets quarterly to consider the running of our community centres, our health, adult care and welfare
programmes, and the developrnent of the Charitv social aims.
The A55et Committee meets monthly to Consider the management of the charlty's buildings, maintenance and development. and
new capital programmes.
The committees re¢elve some delegated decision-making powers from the board trom time to time. The Chief Executive Officer has
delegated responslbility for day-to-day-decision making and for limited spending, both against poll¢es agreed prevlously by the
board.
Staffing structure
The day-to-day management of Royd5 is led by the organisation CEO. The CEO works closely with the Board to set and oversee the
delivery of our business strategy.
We employ a finance manager to oversee the core business. Our community projects are delivered by suitably trained and
experienced project staff. Royds Intends to increase its facilities team with the appointment of a Facilities Manager early in the next
period.
The oversight of the community and facllldes area of work remains with the CEO.
Rlsk management
The charity continually reviews the rna￿0r rlsks to which thè charwty is exposed. Where appropriate, the systems and procedures have
been established to rnanage the risks that the charity face5. The CEO reports to all board meetings of the risk established as part of
the annual business planning process. The charity has policie5 and governance structure5 for finance, health and safety. recruitment
and selection, use of volunteers. equality of opportunity, quality management and risk assessment.
TRUSTEES, RESPONSIBILITY STATEMENT
The trustees Iwho are a150 the directors of Royd5 Community Association for the purposes of company Izwl are responsible for
preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting
Standards (United Kingdom Generally Accepte(i Accounting Practice).
Company law require5 the trustees to prepare financial statements for each financial year which give a true and fair view of the state
of affair5 of the charitable company and of the incoming resources and application of resources. including the income and
expenditure, of the charitable company for that period. In preparing those financial statements. the trustees are required to
select 5Ultable accounting policies and then appty them consistently-
observe the methods and principles in the Charity SORP,.
rnake judgements and e5timate5 that are reasonable and prudenr
prepare the financial 5tatement5 on the goin8 concern basis unless it is inappropriate to presume that the charltable company
will continue In buslness.
Thè trustees are responsible for keeping proper accounting record5 which disclose with reasonable accuracy at any time the financial
positio,1 of the chzritable company and to enable them to ensure that the finzncial statements comply with the Companie5 Art 2006.
They are also responsible for safeguarding the a55et5 of the charltable company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularitre5.
Page 7

ROYDS COMfvIUNifi ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024
TRUSTEES, RESPONSIBILITY STATEMENT- ¢ontlnued
In so far as the trustees are aware..
there is no relevant audit informatton of which the charitable company's auditors are unaware,. and
the trustees have taken all step5 that they ought to have taken to make themselve5 aware of any relevant audit informatton and
to establish that the auditors are aware of that information.
TheTrustees (who are also direttors of Royd5 Community A550ciation forthe purposes of company lawl are responsible for preparirjg
the Tru5tees' Report and the financial 5tHtements in accordance with applitable law and United Kingdom Accounting Standards
(United Kingdom GÈnerally Accepted Accounting Practice).
Cornpany law requires the Trustees to prepare financial statements for each financial year. Under Company law the Trustees must
not approve the financial 5tatement5 unless they are satisfied that theygive a true and fairview of the state of affairs of the charitable
company and of the incomlng resources and application of resources, includlng the income and expenditure. of the charitable
company for that period. In preparing these financial ststements, the Trustees are ￿qUIred to..
select Suitable accountin8 policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
- makeludgments and accounting esrimates that are reasonable and prudent,.
prepare the frnancial statements on the Boing concern ba515 unless it is inappropriate to presume that the charltable company will
contsnue in operafjon.
The Trustees are responsible for keeping adequate accounting record5 that are sufficient to show and explain the charitable
Company's transaciions and disclose with reasonable accuracy at anytime the financial position of the charitable company and enable
them to ensure that the financial statements comply with the Companies Act 2006. They are a150 responsible for safeguarding the
a55et5 of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
AUDITORS
The audltors. Thomas Coombs Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.
Approved by order of the board of trusteès on 17th July 2024 and signed on Its behalf by..
A N Curb5- Trust
Page 8

REPORT OFTHE INDEPENDENT AUDITORSTO THE MEMBERS OF
ROYDS COMMUNITY ASSOCIATION
Opinion
We have audlted the financial statements of Royd5 Community Association Ithe 'charitable company'l for the year ended
31st March 2024 which cornprise the Statement of Financial Activlttes, the Balance Sheet, the Cash Flow Statement and notes to the
linancial statements, including a summèry of significant accountin8 policies. The financial reporknng framework that has been applled
In their preparation is appllcable law and United Kingdom Accounting Standards Iunlted Klngdom Generally Accepted Atcounting
Pr8¢ticel.
In our opinion the financial 5taternent5'.
give a true and falr vlew Of the state of the charltable Company's affairs as at 31st March 2024 and of its incoming resources and
applicatton of resource5, including its income and expenditure. for the year then ended,.
have been properly prepared in accordance wlth United Kingdom Generally A¢¢epted Accounting Praclice,. and
have been prepared in accordance vllth the requirements of the Companies Act 2006,
Basls for opinion
We conducted our audlt In accordance with International Standards on Auditing IUKI IISAS IUKII and appllcable law. Our
responsibilities under those standards are further described In the Auditors, responslblllies for the audit of the financlal 5tstements
Section of our report. We are independent of the charitable tompany in accordance with the ethical requirements that are relevant
o our audit of the financlal staternents in the UK, Sn¢luding the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities In accordance with these requirements. We believe that the audlt evidence we have obtained is sufficient and
approprizte to provide a basls for our opinion.
Concluslons ￿lating to goin8 concern
In auditing the flnancial statements, we have concluded that the trustees, use of the going concern basis of accounting in the
preparation of the financlal statements is approprlate.
Based on the work we have performed, we have not Identified any material uncertaintie5 relating to events or conditions that,
individually or collecfjvely, may cast significant doubt on the charitable companvs ability to continue as a golng concern for a period
of at least trNelve month5 frorn when the financial statements are authorised for Issue.
Our responsibilities and the responsibilities ot thÈ trustees with respect to going concern are described in ihe relevant sections of
thls report.
Emphaslsofmatter
We draw attentlon to note 2 to the flnancial Statements which explain the directors assessment of uncertalntles arising in connection
with the charity's former membership of the West Yorkshire Pension Fund.
Other Inf0M￿tIOn
The trustees are responsible for the other information. The other information comprlses the information included In the Annual
Report. other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial Statements doe5 not covef the other information and. except to the extent otherwlse explicitly stated in
our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the linancial 5tztements, our ￿sponsibl11fy is to read the other In￿rMatiOn and. in doing so, tonsider
whether the other information is materially inconsistent wlth the finantial statements or our knowledge obtained in the audit or
otherwise appears to be materlally m15Stated. If we identify such material inconsistencies or apparent material misstatements, we
are required to determine whether thi5 gives rise to a material misstatement in the financial statements themselves. If. based on the
work we hzve performed, we conclude that there Is a materlal misstatement of this other information, we are required to report
that fact. We hève nothing to report in thi5 regard.
Oplnlons on other matters prescrlbed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the Report of the Trustees for the financial year for which the flnanclal statement5 are prepared is
consistent with the financi315tatements,' and
the Report of the Trustees h35 been prepared in accordance with appli(zble legal requirement5.
Page 9

REPORT OFTHE INDEPENDENT AUDITORS TOTHE MEMBERS OF
ROYDS COMMUNITY ASSOCIATION
Matters on whlch we are required to report by exceptlon
In the light of the knowledge 2nd understanding of the charitable company and its environment obtalned In the course of the audit.
we have not Identified material misstatements in the Report of thè Trustees.
We have nothing to report in respect of the following matters where the Companies Art 2006 requires us to report to you if, in our
opinion:
adeqdate accounknn8 records have not been kept or returns adequate for our audit have not been received from branches not
visited by us,. or
the financlal statements are not in agreement with the accounting record5 and returns; or
certain di5dosure5 of trustees, remuneration specified by law are not made.. or
we have not received all the InfOrMa￿On and explanations we require for our audit,. or
the trustees were not entitled to take advantage otthe small companies exemptton from the requirement to Prepa￿ a Strategic
Report or in preparing the Report Of the TrLLStees.
Responsibilities of trustee5
As explained more fully in theTrustees' Responsibili￿e$ Statement. thètrustees Iwho are also rhe direttors of the charitable companv
for the purposes of company lawl are responsible for the preparation of the financial statement5 and for being satisfied that they
give a tme and fair view, and for such internal control as the trustees determine is necessary tD enable the preparation of financial
Statements that are free from material mi55tatement. whether due to fraud or error.
In preparing the financial statements, the trustees are re5PDnsible for assessing the charitable company's abillty to continue a5
going concern, dSsc105ing, a5 applicable, matters related to going concern and uslng the going concern basis of accounting unless the
trustees either intend to liquidate the charitable company or to cease operation5. or have no realistic alternative but to do so.
Page 10

REPORT OF THE INDEPENDENT AUDITORS TOTHE MEMBERS OF
ROYDS COMMUNITY ASSOCIATION
Our responslblllties for the audit of the financial staternents
Our oblethves are to obtain reasonable assurance about whether the financial Statements as a whole are free from material
misstatement. whether due to fraud or error, and to issue a Report of the Independent Auditor5 that Includes ouropSnlon. Reasonable
assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will alway5 detect
a material mi55tatement when It exlsts. Misstatements can arise from fraud or error and are considered material if, individually or in
the aggregate. they could reasonably be expected to Snltuence the e¢onomlc declslons of users taken on the basis of these financlal
statements.
Irregularffjes, Includ1ng fraud, are Instances of non-compliante with laws and regulations. We design procedures in line with our
responsibilities, outlined above, to detect material mi5Statements in respert of irregularities, including fraud. The extent to whith
our procedures are capable of detecting irregularities, including fraud is detailed below..
Based on our understsnding of the entity and industries in which it operates, we Identified the prlncipal risks of non-compliance wlth
laws and regulations rÈlated to charltable trusts, the appllcatfon of charltable funds and data protectlon. We also consldered those
laws and regulations that have a dSre¢t Impact on the preparation of the financial statement5 such as the Charities Act zoii.
We assessed the suscepdblllty of the company's tlnanclal statements to material misststement and how fraud might occur, including
through discussions with the direttor5, discus5ion5 Wlthin our audit team planning meeting, updating our record of internal control5,
and ensuring these controls operated a5 intended. We deterrnirsed the principal risks were related to posting journal entries to
manipulate proflts, and management blas In accoundng esdmates, especially acuued and deferred income.
To address the risk of fraud through management bias and override of controls. we..
Performed analytical procedures to identify any unusual or unexpected relationshlps.
Identilied and tested journal entries and identified any significant transactions that were unusual or outside the normal course of
business.
Investlgated the ratlonale behlnd significant or unusual tiansactions.
Challenged assumptions and jud8ements made by management in determining significant accounting estimate5, in particular in
relation to accrued and deferred Income.
In response to the risk of irregularities and non-cornpliance with laws and regulations, we designed audit procedure5 which included,
but were not limited to..
-Agreeing financial statements dlsclosures to underlylng supportlng documentation.
- Discussion5 Wlth management of known or suspected instances of non-compliance with laws and regulations.
- Reading the minute5 of meetings of those charged with govemance.
Reviewing correspondence with HMRC and relevant regulators.
At the completion 5ta8e of the audit, the engagement partner's review included ensuring that the tearn had approached their work
with appropriate professlonal scepttc15m and thus the capacity to identify non-compliance with laws and regulations and fraud.
There are inherent limitations in the audit procedures described above and the further removed non-compliBnce of laws and
re8ulations Is from the event5 and transactions reflected in the financial ststements, the le55 likely we would become aware of it.
Also, the risk of not detecttng a materlal mlsstaiement reladng to fraud is higher than the risk of not detecting one resulting from
error. as fraud may involve deliberate Concealment.
A further descriptlon of our responsiblllfjes for the audlt of the flnan¢Sal statements Is located on the Flnanclal Reportlng Council's
website at www.frc.org.uVauditorsresponslbilÉknes. Thls description form5 part of our Report of the Independent Auditor5.
Page 11

REPORT OFTHE INDEPENDENT AUDITORS TO THE MEMBERS OF
ROYDS COMMUNITY ASSOCIATION
Use of our report
This report is made solely to the charitable company'5 members. as a body, in actordance with Chapter 3 of Part 16 of the Companies
Art 2006. Our audit work ha5 been undertaken so that we might state to the charitable company's members those matters we are
required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept
or assume responsibility to anyone other than the chaiitable company and the charitable company's members as a body, for our
audit worl for this repo¢ or forthe opinions we have formed.
C.
Christopher Darwln FC4 Isenior Statutory Auditorl
lor and on behalf of Thomas Coombs Limited
Statutory Auditor
Chartered Accountant5
3365 The Pentagon
Century Way
Thorpe Park
Leeds
West Yorkshire
LS15 8ZB
17th July 2024
Page 12

ROYDS COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST MARCH 2024
2024
Total
fund5
2023
Totsl
funds
Unrestricted
funds
RÈstricted
funds
Notes
INCOME AND ENDOWME￿5 FROM
Donadons and legacies
24,642
20.950
45,592
65,423
Charitable activitles
Landlord
Communitycentre
Partnership
524,852
66,405
9.372
524.852
74.350
60.175
549,748
48.889
18.875
7,945
50,803
Total
625,271
79,698
704,969
682,935
EXPENDITURE ON
Charitable activities
Landlord
Community Centre
Partnership
593,941
IZ3.073
157
593.941
i43.￿4
53.794
567,684
122,024
5,458
20,121
53.637
Totsl
717.171
73,758
790,929
695,166
NET INCOMEIIEXPENDfwRE)
Transfers between funds
{91,9001
9,576
5.940
(9.5761
185,9601
112,2311
20
Net movement In funds
182.324)
13,636}
(85,960}
112,2311
RECONCILIATION OF FUNDS
Total funds brought forward
2,302,954
Z8,Z07
2,331,161
2,343,392
TOTAL FUNDS CARRIED FORWARD
2,220,630
24,571
2,Z45,201
2,331,161
The notes tomi part of these financial statements
Page 13

ROYDS COMMUNITY ASSOCIATION
BALANCE SHEET
315T MARCH 2024
2024
Totsl
fund5
2023
Totsl
funds
Unregiricted
ftsnds
Restricted
funds
Notes
FIXED ASSETS
Tangible assets
Inv•stments
Investments
Social investments
12
155,732
155.732
105.767
13
14
3248.159
a.248,139
3,294.446
3,403m2
3,403.872
3.400.214
CURRENT ASSETS
Debtors
Cash at bank and in hand
15
138,942
156031
138.942
181A02
67,180
296,418
24.571
295,773
24,571
320.344
363.598
CREDITORS
Amounts falling due within one year
16
(211.210)
1211.210)
1155,5441
CURREf+lT ASSErs
84,563
24,571
109,134
208,054
TOTAL ASSEfs LESS CURRENT LIABILITIES
3,488,435
24.571
3,sia,006
3,608.268
CREDITORS
Amount5 falling due after more than one year
17
{14,8051
114,8051
124,1071
PROVISIONS FOR LIABILITIES
19
{1.253.0001
11,253,000)
11,253,0001
NET ASSETS
2,220,630
24,571
2,245,201
2,331,161
FUNDS
Free reserve5 lexcludlng pension reseNel
Fixed asset reserve
Pension reseNe
Restricted funds
20
69,758
3,403,872
11,253,000)
24,571
155,740
3,400,214
11,253,000)
28,207
TOTAL FUNDS
2.245,201
2.331.161
These financial statements have been prepared in accordance with the provisions appllcable to charitable companie5 subject to the
small companies regime.
The linanciBI statements were approved by the Board of Trustees and authorised for issue on 17th July 2024 and were Signed on its
behalf by..
A N Curtis- Trustee
The notes form part of these financial statemep.ts
P3ge 14

ROYDS COMMUNITY ASSOCIATION
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31ST MARCH 2024
2024
2023
Note5
Cash flows from operating artivitie5
Cash generated from operatfons
39.054
129.798
Net cash provided by operating activities
39,054
129.798
Cash flows from investing zctivitie5
Purchase of tangible lixed a55ets
Purchase of social investments
Sale of tangible fixed assets
181,5891
162.5821
559
130,1481
173.3941
Net cash used in investing activikne5
1143,612)
1103,5421
Cash flows from Ilnan¢lng a¢ti¥ltie5
Loan repayments in year
{10,458)
117,9401
Net cash used in financing arttvltles
IION581
117,9401
Change in cash and cash equivalents in the
reporting period
Cash and lash equivalents at the beglnnlng of
the reporting period
{115.016)
8,316
Z96.418
288,102
Cash and ¢a$h equlvalents at the end of the
repofdng perlod
181,402
296,418
The notes form part of these financial statements
Page IS

ROYDS COMMUNITY ASSOCIATION
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31ST MARCH 2024
RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM QPERATING AcrivmES
2024
2023
Net expenditure for the reportlng perlod las per the Statement of Ananclal
Activities)
Adjustmerrts for:
Depreciation charges
Loan interest
Ilntrea5el/decrease in debtors
Increaselldecreasel in credTtors
185.9601
112,2311
139.954
136.229
1,809
6.846
12,8551
171,762)
56,134
Net Cash provided by operations
39,054
129,798
ANALYSIS OF CHANGES IN NET FUNDS
At 114123
Cash flow
At 3113124
Net osh
Cash at bank and in hand
296.418
115,0161
18IA02
296.418
{115.0161
18L402
Debt
Debts falling due wlthin l year
Debts falling due after l year
110,6081
124.1071
468
9.301
{10,140)
114.8051
134,7151
9.770
24,9451
Total
261,703
{105,246)
156,457
The notes form part of these financial statements
Page 16

ROYDS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH Z024
GENERAL INFORMATION
Royds Communtty Association Is a charitsble company lirnited by guarantee, incorporated in England and Wales. The
registered office is Royds Enterprlse Park, Future Fields, Buttershaw, West Yorkshire. BD6 3EW.
The members of the charStable company are the Trustees named on page l. In the event of the charitsble tompa4y being
wound up. the liability in respect of the guarantee is limited to £1 per member of the charitsble company.
ACCOUNTING POLICIES
Basi5 of preparlng the financial statrments
The financial statements of the charitable company, which is a publrc benefit entity under FR5 102, have been prepared in
accordance with the Charities SORP IFRS 1021'Atcounting and Reporhng by Charrknes= Statement of Recommended Pracknce
applicable to chaiiknes prepaiing their account5 in 3ccordancewith the Financial Reporhng Standard applicable in the UK and
Repijblic of Ireland IFRS 1021 (effective l January 20191., Financial Reporknng Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared
under the historical cost convention, with the exception of investment5 which are included at market value.
Golng concern
The accounts have been prepared on a going concern basis on the assumphon that the Charity is able to carry on Dperatfng
a5 a going concern in the foreseeable future. which the trustee5 consider appropriate having regards to the following-
The Majorsour￿ of unrestricted income comes from rentS3nd service char8e5 at the Enterprise Park. The park has contlnued
to perform well throughout the pandemlc and occupancy remains above 95%. The trustees See no ￿ason for the success of
the Park to diminSsh In the foreseeable future. The organisation a150 has long term tenants in the Healthy Living Centre and
the shop5 at Woodside.
The exiting of the West Yorkshire Pension Fund during the year ended 31st March 2021 has resulted in the charity having a
provislon for a future liabllity of £1,253,000 in the financial statements. The Charity 15 in regular dialogue with the West
Yorkshire Pension Fund and Bradford Metropolltan Distrirt Council to discuss this issue and 15 confident that there will be no
short-term request from the West Yorkshire Penslon Fund to recover the liability. A number of options to ameliorate the
liability are belng discussed which, bytheir nature will tske a reasonable amount of time to flnalise. The trustees are confident
that they will be able to finance vthatever the final agreed position is.
Critical accountln8 ludgements and key sources of estlmètion uncertalnty
In the application of the charitres accounting policies. the trustees are required to make judgements, estimatos and
assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sour¢e5. The
estimates and associated assumptions are based on historical experience and other factors that are considered to be
relevant. Actual results may differ from these estimates.
The esLimates and underlying assumptions are reviewed on an ongoirkg basis. Revisions to accounting estimates are
re£ogni5ed in the period in which the estimate is revised. if the revision afferts anly that period, or in the period of the
revision and future periods if the revision affects both current and future periods.
Incorne
All irhcome is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, rt is probable
that the income will be received and the amount can be measured reliably.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specifi
purposes but not expended duringthe period is shown in the relevant funds on the 8alance Sheet. Where income is received
in advance of entitlement of receip¢ Its recognition is deferred and included in creditor5 as deferred income. Where
entitlement occurs before Sntome is received. the income 15 accrued.
Income tax recoverable in relation to donattons received under Glft Aid or deeds of covenant is recognised at the time of the
donation.
Income tax recoverable in relation to investment income is recogni5ed at the time the investment Income is receivablè.
Page 17
continued...

ROYDS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMEKfs - continued
FOR THE YEAR ENDED 3￿mARcH 2024
ACCOUNTING POLICIES- ￿n￿nUed
Expendlture
Expenditure Is recognlsed once there is a legal or constructive obligation to transfer economic benefit to a third party, it Is
probable that a transfer of economic benetits will be requlred in settlement and the amount of the obilgatton can be
measured reliabty.
Expenaiiure is dassined DV acrivity. The costs of each activity are made up ot the total oi direct eosts and shared costs,
includin8 5UPPOrt costs involved in underraklng each activity. Direct costs attributable to a single activityare allocated direttly
to that attivity. Shared costs whlch contribute to more than one activity and support costs which are not attributable to
single activity are apportioned between those activities on a basis conslstent wlth the use of resources. Central stsff costs
are allocated on the basis of tlme spent, and depreciation charges allocated on the porknon of the asset's Use.
Expenditure on charitable actr"vities is incurred on directly undertaklng the activitie5 which further the company's tsbjects"ves,
as well as any assoelated support costs.
All expenditure is inclusive of irrecoverable VAT.
Tangible fixed assets
Tangible fixed assets are stated at cost lor deemed costl or valuation less accumulated depreciation and accumulated
Impalrment losses. Costs includes costs directly attributable to making the asset capable of oper3tin8 as intended.
Depreciation is provided to write off the cost less the estimated residual of tangible ftxed assets by equal instalments over
thelr estlmated useful etonomic lives as follows..
Fixtures and fittings
plant and machinery
Motor vehicles
Freehold property
- 25% on a reducing balano basls
- 25% on a reducing balance bas15
- 25% on cost
- 2% on tost
Social investments
Social investments relare tt) property held to further the objectives of the Charity.
Social investment in property are stated at cost lor deemed costl or valuation less accumulated depreciation and
accumulated impairment losses. Costs include5 costs directly attributable to making the amet capable of operating as
intended.
Depreciation is provlded to wrSte off the cost le5$ the estimated residual of the assets by equal instalments over their
estimated useful economlc lfves a5 follow5-
Social investments in property
2% on ccst
Taxation
The charity is exempt from corporatfon tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion ol the trustees.
Restricted funds can only be used for particular restricted purposes within the object5 of the charity. Restrictions arise
when specified by the donor or when furhd5 are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Financial instrument5
The charity has financi31 assets and financial liabilitie5 of a kind that qualify as basic and complex financial instruments. Ba51C
finantial instruments are measured at their settlement value in the case of current assets and liabilities and at discounted
settlement value in the case of creditor5 fallin8 due after more than one year.
Page 18
continued..-

ROYDS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEfvIENTS- contlnued
FOR THE YEAR ENDED 31ST MARCH 2024
ACCOUNTING POLICIES- continued
Financlal Instruments
Deb+.ors and creditors with no stated interest rate and receivable or payable wlthln one year are recorded at transaction
price. Any losses arising from impairment are recDgnised in profft or loss.
Liabilities and PTovisions
Liabilities are recognised when there i5 an obligation at the balance sheet date as a result of 3 past event. it is probable that
transfer of economic benefit will be required in settlement and the amount of the settlement can be estimated reliably.
Liabllittes are ￿cOgnised at the amountthat the Charity anticipates itwlll payto settle the debt orthe amount it has recelved
as advanced payments for the goods or servlce5 It must provide.
Provisions are measured at the best estimate of the amount5 required to settle the obllgatton, Where the effect of the ttme
value of money is materlal, the provlslon Is based on the present value of those amounts. discounted atthe pre-tax discount
ratethat reflects the risks specific to the liability- The unwinding of the discount is recognised in the Consolidated Statement
of Financial Activities as a finance cost.
DONATIONS AND LEGACIES
2024
2023
Donations
Grants
12,887
32,705
59.256
6,167
45,592
65,423
Donation Income includes a corporate gift aid donatlon of £12,88712023 - £59.2561 from the joint ventL're in which thè
charity participates, Arise Yorkshire Limited.
Grants received included in the above are as follows..
2024
2023
Kickstart scheme
Climate Communlty
West Yorkshire Energy
Bradford Council Funding
6,167
18,800
5.000
8,905
32,705
6,167
Page 19
continued..

ROYOS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31ST MARCH 2024
INCOME FROM CHARITABLE AcfiviTIES
2024
Total
activitie5
2023
Total
activities
Community
Centre
Landlord
Partnership
Rents ReceNed
Cafe Income
Othèr Income
424,462
71.492
28A98
38053
23￿56
12.441
463315
94y8
101514
512,905
67,455
37,152
60,175
524,852
74.350
60.175
659.377
617.512
2023
549,748
48,889
18,875
617.512
CHARITABLE ACTIVITIES cosrs
Direct
Costs (see
note 61
Support
costs (see
note 71
Totals
Landlord
Community Centre
Partnership
587246
143,194
53,794
6,695
593.941
143.194
53,794
784,234
6,695
790,929
2023
688,666
6,500
695,166
DIRECT COSTS OF CHARITABLE ACTIVITIES
2024
2023
Staff costs
Depreclation
Consultant
Rate5 and utilities
Insurance
Repalrs and maintenance
Printin& postage & stationery
IT, telephone & internet
Legal and professional fees
Subscriptions
Bank interest & charges
Sundries
Cafp c05t5
Bad debt5
Management charge
Funding expense5
Room hire cost
324.161
139.954
22.347
78.935
26.849
77.491
4.787
13,850
3.152
1,586
1,228
16.197
54.154
1,184
271.255
136,229
7.620
54.895
32.040
87.299
5.172
9.168
10.164
1.803
5.471
11.871
45.653
5,367
11,626
2,733
4,659
784,234
688,666
SUPPORT COSTS
Support ¢05ts all relate to 8overnan¢e being auditors remuneration.
Page 20
continued...

ROYDS COMMUNrrY ASSOCIATION
NOTES TO THE FINANaAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31ST MARCH 2024
NET INCOMEIIEXPENDITURE)
Net incomellexpenditurel is stated after chargingllcrediting}'.
2024
2023
Audltors, remuneratlon
Depreciation- owned assets
Depreciation of soclal Investments
6￿5
31065
108889
6,500
29,573
106,656
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31st March 2024 nor for the year ended
31st March 2023.
Trustees, donat5ons
There were no trustees, donation5 recei¥ed forthe year ended 31st March 2024 northe year ended 31st March 2023.
Tru5tee5' expenses
There were no trustees, expenses paid for the year ended 31st March 2024 nor for the year ended 315t March 2023.
io.
STAFF COSTS
2024
2023
Wage5 and salaries
Social security costs
Contrlbutlon to deflned contribution pension scheme
293.970
24,101
6,090
245.754
20,628
4,873
324.161
271.255
The average monthly number of employees durlng the year was as follow5..
2024
2023
Management
Admlnlstrattve and support
io
Iz
li
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60.0(XJ was..
2024
2023
£60,001- £70,000
The average full time equivalent of employees durlng the year wa5 12.3512023: 9.241.
Remuneratlon and benefits re￿IVed by key management personnel
The key management personnel of the charity include the Chlef Executive Officer and Finance Manager. The total
employment costs to the Charity of the key management personnel durlng the year was £109,76212023- £101,870).
Page 21
continued...

ROYDS COMMUNITY ASSOCIAnoN
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31ST MARCH 2024
ii.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AalVrnE5
Unrestricted
funds
Restricted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
65,423
65.423
Charltable artlvltles
Landlord
Community Centre
Partnership
54Y,748
41,396
13,851
549,748
48,889
18,875
7.493
5,024
Total
670,418
12,517
682,935
EXPENDITURE ON
Charitable a¢tivities
Landlord
Community Centre
Partnership
567,684
95.887
75
567,684
122,024
5.458
26,137
5,383
Total
663,646
31,520
695,166
NET INCOMEI{EXPENDITURE)
Transfers between funds
6,772
9,444
119.(K)31
19,4441
112.2311
Net movement in funds
16,216
128,4471
112,2311
RECONCILIATION OF FUNDS
Total fvnds brought fO￿ard
2,286.738
S6,654
2,343,392
TOTAL FUND5 CARRIED FORWARD
2,302,954
28,207
2,331,161
12.
TANGIBLE FIXED ASSETS
Fixture5
and
flthngs
Plant and
machinery
Motor
vehitles
Totals
C05T
At 1st April 2023
Additions
Disposals
323.808
1,920
349,720
79,669
15591
13,000
686.528
81.589
{SS91
At 31st March 2024
325.728
428,830
,000
767,558
DEPREc￿￿oN
At 1st April 2023
Charge for year
312,391
2,854
262,926
25.611
5,444
1600
580.761
31,065
At 31st Marth 2024
315.245
288,537
8.044
611M26
NET BOOKVALUE
At 31st March 2024
10,483
140.293
4,956
155,732
At 315t March 2023
11.417
86,794
7,556
105,767
Page 22
Continued..

ROYDS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024
13.
FIXED ASSET INVESTMENT5
Unlisted
Investments
MARKET VALUE
At 1st April 2023 and 31st March 2024
NETBOOK VALUE
At 31st March 2024
At 31st March 2023
There were no investment 85sets outside the UK.
The Investment represents 100% of the share capital of a dormant company, Royds Community Association Isubsidiaryl
Umited.
Royds Community AssocSatfon Isubsidiaryl Limlted- Net assets at 31st March 2024.. £112023.. £11.
In addition, the Charity is one of four members of Arlse Yorkshire Limited. Reflecting the "company limited by guarantee"
status of Arise Yorkshire Llmited, no historic cost value is attributed to the interest held by the Charity- The net assets of Arise
Yorkshire Llmited at 31st March 2024 were £852,70212023: £903,980).
soaAL INVESfMENrs
14.
Social
investments
property
MARKETVALUE
At 1st April 2023
Additions
5,351,156
62.582
At 31st March 2024
5A13,738
PROVISIONS
At 1st April 2023
Provision for year
2,056,710
103.889
At 31st March 2024
2,165.599
NET BOOK VALUE
At 31st March 2024
3,248,139
At 31st March 2023
3,294,446
Page 23
continued...

ROYDS COMMUNrrY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024
15,
DEBTORS.. Amoubifs FALLING DUE WITHIN ONE YEAR
2024
2023
Amounts reteivable in the ordinary course of business
Prepayrnents and accrued income
45,452
93,490
45,816
21,364
138,942
67,180
16.
CREDITORS: AMoUTr￿s FALLING DUE WITHIN ONE YEAR
2024
2023
Bank loans and over(Irafts (see note 181
Creditors in the ordlnary course of business
VAT
Other Creditors
Accruals and deferred income
10,140
65,921
1,384
37,619
96,146
10.608
62,052
13,978
30,726
38,180
211.210
155,544
17.
CREDITORS: AMOUTrtrs FALLING DUE AFTER MORETHAN ONE YEAR
2024
2023
Bank loan5 (see note 181
14.805
24,107
18.
IOANS
An analysls of the maturity of loans Is given below..
2024
2023
Amount5 falling due wlthin one year on demand..
Bank loans
10,140
10,608
Amounts falling between one and two year5:
Bank loans- 1-2 years
10.397
10,162
Amounts falling due between two and five year5:
Bank loans- 2-5 years
4,408
13,945
19.
PROVISIONS FOR LIABILITIES
2024
2023
Pension provision
1.253,000
1.253,000
The exiting of the West Yorkshire Pen5i0n Fund during the year ended 31st March 2021 triggered a final Scheme valuation..
thls showed a deficit giving rise to a charge on the charity which
is shown as a liability provision In the accounts. The
Charity is in regular dialogue with the West YorkshSre PensSon Fund and Bradford Metropolitan Distrlct Council to discu55
ultimate settlement and is confident that there will be no short-term request from the West Yorkshire Pension Fund to
recover the liability. A number of Options to ameliorate the liability are being discussed which, by their nature. will tske a
reasonable amount of time to finalise. The trustees are confident that they wlll be able to finance whatever the final agreed
position is.
Page 24
continued...

ROYDS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31ST MARCH 2024
20.
MOVEMENTIN FUNDS
Net
movement
in funds
At
3113124
At 114/23
Unrestrictad lunds
Free reserves (excludin8 pension reserve)
Fixed asset reserve
Pension reserve
155,740
3,400,214
11,253,000)
185,982
3.658
69.758
3,403,872
11,253,OCIOI
Re5trirted fund5
Royds Befrlending Service
Well Belng Cafe
Woodslde Communlty Garden
Core20+5 Health Check
Corè20+5 Befriending & Volunteer Project
Food Delivery and Wellbeing Check Pilot
Warm Spaces
WY Mayor5 Climate Communlty
9.995
14,512
1,451
2,249
19,9951
114,5121
1,451
8,291
5,187
573
167
8,902
6,042
5,187
573
167
8,902
TOTAL FUNDS
2,331,161
185,9601
2,245,201
Net movement in funds, included in the above are as follows..
Income
received
Resources
expended
Transfers
Movement
in funds
Unrestrlrted funds
Free reserves lexcluding pension reserve)
Fixed asset reserve
Pension reserve
625,271
1576,6581
1140,5131
1134,5951
144,171
185,9821
3.658
Restrirted funds
Royds Befriending Service
Well Being Cafe
Care Homes Community Links
Combined Funds Cost of LIVÈ Support
Core20+5 Health Check
Core2045 Befriendin8 & Volunteer Project
Food Delivery and Wellbeing Check Pilot
Jer Lane
Kings Coronation
Wam Spaces
Welcome Spaces
WY Mayors Climate Communitv
Youth and Communlty Chest Woodside
19,9951
115,7021
17,0001
12,8801
12,0581
129,3671
15771
12681
14521
14,048
11,2611
9,99SI
114.5121
1,190
7,000
2,880
8,l¢XI
34,554
I,￿0
6,042
5,187
573
268
398
4,215
1,261
18,800
150
167
19,8981
8.902
11501
TOTAL FUNDS
704
29
Page 25
continued...

ROYDS COMMUNITY ASSOCIATION
OTES TO THE FINANCIAL STATEMENTS - contlnued
FOR ThE YEAR ENDED 31ST MARCH 2024
20.
MOVEMEKf IN FUNDS- contlnued
Comparatives for movement in funds
Net
movement
in fundg
At
3113/23
At 114122
Unrestrlcted fund5
Free reserves lexcluding pension reseNel
Fixed asset reserve
Pension reserve
106,837
3.432,901
11.253,0001
48,903
132,6871
155.740
3.400,214
11,253,000)
Re5trirted funds
New Horlzons
Royds Befriending Service
Well Belng Cafe
Jer Lane
Lock Down Local Arts, Craft5, Trips
Woodside CommunityG3rden
Social Prescribers
Lung Cancer
Core20+5 Health Check
41,571
141,5711
9,995
14,512
18201
12901
14701
16,8621
15,1901
2,249
9,995
14,512
820
290
1,921
6,862
5,190
1,451
2,249
TOTAL FUNDS
2,343,392
112,2311
2,331,161
Comparative net movement in funds. included in the above are as follows:
Income
received
Resources
expended
Transfers
Movement
In funds
Unrestricted funds
Free resefyes (excluding pension reserve)
Fixed asset reserve
Pension reserve
670,418
1527.4171
1136.2291
194,0981
103.542
48.903
132,6871
Restrirted fund5
New Horizons
Royds Befriending Service
Well Bein8 Cafe
Jer Lane
Lotk Down Local Arts, Crafts, Trips
Woodside Community Garden
Social PreKribers
Lung Cancer
Core20+5 Health Check
Covid Support Cost of Living Crisis
Sports Youth and Community Centre
Warm Spaces DH
Wami Spaces Woodside
Youth and Community Chest DH
Youth and Communlty Chest Woodside
141.5711
14.428
27,143
141,5711
9,995
14,512
18201
12901
4701
16.8621
15,1901
2.249
52
2.766
14,4851
115,3971
18201
12901
14701
12,6081
14,2S41
15,1901
5.024
1.500
675
1,000
12,7751
11,5001
16751
11,(MJoi
11,0001
12501
12501
250
250
TOTAL FUNDS
Page 26
cor)tinued...

ROYDS COMMUNITh ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31ST MARCH 2024
MOVEMENT IN FUPJDS- con15nued
Restricted funds
Royds Befriending Jervl-e - the provision of a face to face and telephone befriending services across the Royds area. The
setvice was provided underthe New Horizons umbrella funded underthe Day Opportunitiesgrant with 8radford Councll and
now is a stsndalone seNice under the same funding structure which is assessed annually. During 2023 this service was closed
and any seNi¢e users transferred to the WOW Partnershlp BefrlendlnE Project.
Well Being Cafe - the provision of monthly healthy eating lunch service for SS+ age group. The ser¥ice was provided under
the New Horizons umbrella funded under the Day Opportunities grant with Bradford Council. This is now a standalone service
operated through a service user small fee and ad hoc top up funding either from locally sourced grants or community fund
raising events.
Woodside Cornmunity Garden- A kick5tart projettto redevelop the gardens at Wood5ide to create a fruit and flower garden
forthe lotal communityto enjoy atfacevalue. enhance the well being cafe service duringthe summer months and to educate
on the simplicity of growing fruit and flowers to improve general well being. The activity was funded through the Climate
Action Fund. Bradford South.
Core 20+5 Health Check (formerly Diabetes Health Checkl Confirmed as a priority project in 2023/24 the original Health
checks project has secured funding for a further two years within the WOW Partnership. The Community Health Checks
provide base core Ihecks including, height, weigh( hearL cholesterol and other simple blood tests in conjunction with The
Five Parks PCN across events throughout the Partnership area includln& Royds, Great Horton. Wibsey and parts of
Queensbury and Little Horton.
Core 20+5 Befriending &Volunteer Project- Oneof the prlority projects of the WOW Partnership.Two yearsfunding secured
to deliver a befrienains and volunteer service across the partnership area of Royd5, Great Horton, Wibsey, Queensbury and
little Horton. The Services Provides face to face, telephone and buddy service primarily, but not limited to, 55+ service users.
Food Delivery & Wellbeing Check Pilot ABCD Grant funding to operate a pilot stheme for local residents to request
wellbeing check which includes the optton of securing a food parcel for an agreed period of time. The pilot was formed from
recognising that people were unable to physically get to locations to collect food but also to enable an understanding of
need, reducing dependency. allowing specific inclusion items and a general wellbeing chetk fur the individual to allow
signposting to other services.
Warm Spaces Woodside- Warm Spaces are a Grant Fund offered by Bradford Metropolitan District Council a5 a result of the
tost of living crisis. The grants were award to organlsatlons support of allowing community assets to be used to en3ble
residents to benefir from a warm space with access to hot drinks, snack5 and Wifi for internet access. Royds secured the
funding to enable regular times throughoLrt the week for these facilities to be avallable at both its Wood5ide and Delph Hill
Centres from Decembei through to March 2023. It is intended to confjnue offering similar services at both centres
throughout the forth-cO￿ln8 year in line with funding opportunities to do $0.
WY Mayors Climate Community - As part of our Green strategy, a funding application made to tackle the efficiency of our
communwty centres at Wood5ide and Delph Hill. The main project covers the upgrading of all internal and external I ghting
to LED which as well as climate benefits also helps reduce the costs of operations at the centres. A small amount of the grant
also allow5 Lhe instsllation of bike rack5 to encourage travel ta the centres by bike. The project continues into the 24125
financial year.
Gèneral funds
Fixed asset reser¥e- this represents the net book value of soci31 investment properry which is held to enable third pathes to
undertake activitie5 that contribtste tu the charitable objecrives of Royds Community Association. Accordingly the trustees
Collsider it appropriate to separate it from general free reserves.
Pension reserve as discussions concerning the charge for exiting the West Yorkshire Pension Fund continue. the trustees
consider It appropriate to separate thls from General fund free re5erve5.
Transfers between funds
The transfer between the WY Mayors Climate Community and general fund represents the fulfilrnent of the restriction
through the purchase of iangible fixed assets, costs whlch were not expensed to the SOFA.
Page 27

ROYDS COMMUNrrY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS- contlnved
FOR THE YEAR ENDED 31ST MARCH 2024
21.
CAPITAL COMMITMENTS
The Charity was contracted to capital expendlture of £55.388 at the balance sheet date. These amounts have been provlded
for In the financial statements.
RELATED PARTY DISCLOSURES
Trustees are required to declare all relevant interests with which they are connected and in accordarKe with the Charity's
licy withdraw from dècisions where a conflirt of interest arises. Some Trustees use their expertise in areas affecting
Royd5 Community A55ociation. but no Trustee had any significarrt personal financial Interest in contrart5 With the Charity
during the year.
The following related party transactions have occurred durlng the year:
Arise York5hlre LlmltÈd
Arise Yorkshire Limlted Is a joint venture company in which Royds Community Association 1$ a partner.
Recharges of accountancy and administrative services totslled £10.20912023- £13,021).
Gift aid donations recelved were £12,88712023- £59,2561-
MEMBERS. LIABILITY
Each member of the charltable company undertakes to contribute to the assets of the company in the event of It being
wound up whlle he/she is a member, or within one year after he/she ceases to be a member, such amount as may be
required. not exceeding £1 for the debts and liablllties contracted before he/she cea5e5 to be a member.
Page 28

ROYDS COMMUNITY ASSOCIATION
DETAILED STATEMENT OF FINANCIAL AcnviTIES
FOR THE YEAR ENDED 31ST MARCH 2024
2024
2023
INCOME AND ENOOWMENTS
Donatlons and lega¢les
Donations
Grants
12,887
32,705
59,256
6.167
45.592
65,423
Charltable artl¥ilies
Rents Received
Cafe Income
Other Income
463,315
94.548
101,514
512,905
67,455
37,152
659,377
617,512
ToLIl incoming resources
704.969
682,935
EXPENDITURE
Charitable acllvltSes
Staff costs
Depreciation
Consultant
Rates and utilities
Inwrance
Repair5 and maintenance
Prlnting, postage & stadonery
IT, telephone & Internet
Legal and professional fees
Subscriptr'ons
Bank interest & charges
Sundrie5
Cafe costs
Bad debts
Management charge
Funding expenses
Room hire cost
324.161
139.954
22,347
73,935
26,849
77A91
4,787
13,850
3,152
1.$86
1228
16.197
54,154
1.184
4.OLh)
11.626
2.733
271,255
136,229
7.620
54.895
32,040
87.299
5.172
9,168
10,164
1,803
5,471
11,871
45,653
5,367
4.659
784.234
688,666
Support costs
Governance costs
Auditors, rernuneration
6.695
6,500
Total resources expended
790,929
695,166
Net expenditure
185.960)
112.2311
This page does not form part of the statutory financial statement5
Page 29