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← Royds Community Association

2025-03-31-accounts

REGISTERED COMPANY NUMBER: 02919781 (England and Wales) REGISTERED CHARITY NUMBER: 1042233

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

ROYDS COMMUNITY ASSOCIATION

Thomas Coombs Limited Statutory Auditor Chartered Accountants 3365 The Pentagon Century Way Thorpe Park Leeds West Yorkshire LS15 8ZB

ROYDS COMMUNITY ASSOCIATION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 8
Report of the Independent Auditors 9 to 12
Statement of Financial Activities 13
Balance Sheet 14
Cash Flow Statement 15
Notes to the Cash Flow Statement 16
Notes to the Financial Statements 17 to 30
Detailed Statement of Financial Activities 31

ROYDS COMMUNITY ASSOCIATION

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST MARCH 2025

TRUSTEES A N Curtis
C J Dinsdale
J L Marriott
N S Nurden
L J Webb
COMPANY SECRETARY C Varney
REGISTERED OFFICE Royds Enterprise Park
Future Fields
Buttershaw
Bradford
BD6 3EW
REGISTERED COMPANY NUMBER 02919781 (England and Wales)
REGISTERED CHARITY NUMBER 1042233
AUDITORS Thomas Coombs Limited
Statutory Auditor
Chartered Accountants
3365 The Pentagon
Century Way
Thorpe Park
Leeds
West Yorkshire
LS15 8ZB
KEY MANAGEMENT PERSONNEL C Varney (CEO)
A Briggs (Finance Manager)
BANKERS National Westminster Bank PLC
1 Market St
Bradford
BD1 1EG

Page 1

ROYDS COMMUNITY ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2025. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Policies and objectives

The objectives of the charity are laid down in the Memorandum and Articles of Association:

Aims of the Charity

The need for Royds Community Association

Objectives for the Year

Our objectives for the year were as follows:

Page 2

ROYDS COMMUNITY ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025

OBJECTIVES AND ACTIVITIES

Strategies for achieving objectives

The Board of Trustees, CEO and the management team have continued to deliver against the 3-year strategy developed in 2023. The strategy focus areas are:

We plan to review our Strategy in 2026 and will start the process in 2025.

Page 3

ROYDS COMMUNITY ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025

ACHIEVEMENT AND PERFORMANCE

Charitable activities

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 areas of work/activity are:

Landlord Services

Royds Enterprise Park

The Enterprise Park is the major source of unrestricted income for the charity which is generated from rental income, room hire and service charges. The Park has performed well throughout the year and are pleased to have maintained high levels of occupancy during the year across the Industrial Units and maintained a healthy waiting 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 meeting room space this period but we have developed strong relationships with our customers who continue to come back again and again to use our services. Looking ahead, Royds hope to build on our relationships to turn the current level position to an upturn during the next year.

The Enterprise Park continues to generate real jobs via its business tenants and the majority of these are taken by local residents.

Royds Healthy Living Centre

Royds continues to provide valuable primary care health services to local residents, particularly in the Buttershaw area, through the ownership of the Royds Healthy Living Centre which is tenanted by the Ridge Medical Practice.

Woodside Takeaway & Shops

In line with the Strategy, the decision was taken to sell these assets. Royds Community Association were pleased to be able to complete successful sales with both a serving tenant to create a stronger family business with local longevity and a new buyer looking to invest locally as a family.

Community Centres

Woodside Village Centre & Delph Hill Community Centre

Royds continues to provide support to the local community 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, Warm & Welcoming Space centres, Health Checks, Baby & Toddler Services, service drop-ins, craft groups, private parties, seasonal events and much more.

Royds Community Association have also been working with other local organisations and this year has seen the culmination of One In A Million become a long term, regular service provider within our Woodside Village Centre location. The team at One In A Million, will offer enhanced development opportunities for the youth community. We intend future joint activities through our aligned values and strategies.

Page 4

ROYDS COMMUNITY ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025

ACHIEVEMENT AND PERFORMANCE

Partnership Programmes & Networks

Royds works in partnership with many different organisations including, VCS Alliance and the NHS primary and secondary care services. We also work within the ward and across other programmes are in development including the Locality Plans with Bradford Council and subsequent Leadership Programmes across the region.

Wow Partnership

Royds has continued to operate as the Lead Anchor role within the Wow Partnership, with Scholemoor Beacon and Wibsey Community Gardens 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 Queensbury Wards. Royds is proud to deliver the role which provides a voice to the VCS organisations within the partnership area as well an opportunity for those organisations to benefit from support in health-based offerings within their communities. Royds intends to build on this partnership working to enable other community organisations to be heard.

Under the Partnership, Royds have continued to develop their input to the Core 20 plus 5 Reducing Inequalities programme.

The Health Checks programme has continued for a further year across the community centres and events within the area. The programme is fully supported by the Primary Care Network (PCN) and it is often referred for best practice principles. Over one thousand patients have been seen throughout the programme and counting.

We have continued to deliver the Befriending and Volunteer Service which also falls into the Core 20 plus 5 Reducing Inequalities programme. The project has secured funding for a third year.

Social Prescribing Link Workers

Royds continue to manage the Social Prescribing Link Team on behalf of the PCN. The service continues to go from strength to strength across community services, GP practices and most importantly the community themselves in the partnership area.

Receiving over seventy referrals per month, mainly via GPs, the team of eight Social Prescribers work with patients to understand their non-medical concerns and network them into the available services within their community. Knitting together the patient need with the service provision, building the community engagement.

Arise Yorkshire Ltd

Royds is one of four equal partners with two nominated directors of the Arise Yorkshire Ltd regeneration company. Royds have provided the finance and portfolio support for sixteen properties. As a landlord, we are working through a programme of upgrades to improve the properties for tenants. We also continue to review our sales programme, where possible, working with existing tenants to give them opportunity to own their own home.

Royds Community Association (Subsidiary) Ltd

Royds wholly owned trading subsidiary for carrying out non-charitable activities. However, as the charity has not needed a separate vehicle to conduct any of its activities, Royds Subsidiary continues to be a dormant company. There is no activity against which to report for the year.

FINANCIAL REVIEW

Financial position

The charity's total income for the financial year 2024/25 year was £888,807 (2024 - £704,969), total expenditure, including depreciation, was £826,520 (2024 - £790,929) resulting in a surplus for the year of £62,287 (2024 yielded a deficit of £85,960).

Depreciation of £158,599 is included in the above figures.

The charity receives restricted funds either through contracting arrangements or in the form of grants from organisations, and generates unrestricted funds through rental income and provision of services in its buildings, as well as through the provision of consultancy support to third party organisations. The major funders during the year were Bradford Metropolitan District Council and Bradford VCS Alliance.

Reserves policy

The Board of Royds Community Association aims to develop a prudent level of reserves equivalent to three months normal trading costs.

Page 5

ROYDS COMMUNITY ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025

FINANCIAL REVIEW

Going concern

The accounts have been prepared on a going concern basis on the assumption that the charity is able to carry on operating as a going concern in the foreseeable future, which the trustees consider appropriate having regard to the following:

PLANS FOR THE FUTURE

We continue to build on the positive successes of the previous five years and will continue to build on this success in 2025/2026.

The delivery model for the charity is underpinned by the generation of surpluses from unrestricted income - primarily Royds Enterprise Park - to subsidise areas of work which 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 arrangements to attract funds and contracts.

Royds community buildings continue to be at the heart of our charitable delivery, providing economic and employment benefits at Royds Enterprise Park and our local shops, health benefits at the Royds Healthy Living Centre, community benefits at Woodside Village Centre and Delph Hill 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 acts as a bidding vehicle for larger, district wide programmes and contracts.

We are proactively working with our partners, particularly the NHS and ICB, as they work through implications of government changes. A number of key health projects are due complete their funding profile at the end of the next financial year and work is already underway to secure additional resources to allow the services to continue where appropriate. Royds Community Association, remains committed to deliver meaningful services in line with infrastructure changes throughout the year.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Charity constitution

Royds Community Association is a Registered Charity and a company limited by guarantee. It is governed by its Memorandum and Articles of Association. The charity has one trading subsidiary, which was dormant in this year. The charity is governed by a board 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 also members of the Charitable Company.

Page 6

ROYDS COMMUNITY ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure and decision making

The board meets bi-monthly and conducts its business against presented reports and trustee discussion. All decisions are minuted and action lists are compiled following meetings. The board meet annually to review its governance, delivery and future plans. The charity operates a series of committees which report to the full board.

The committees receive some delegated decision-making powers from the board from time to time. The Chief Executive Officer has delegated responsibility for day-to-day-decision making and for limited spending, both against polices agreed previously by the board.

Staffing structure

The day-to-day management of Royds 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 facilities area of work remains with the CEO.

Risk management

The charity continually reviews the major risks to which the charity is exposed. Where appropriate, the systems and procedures have been established to manage the risks that the charity faces. The CEO reports to all board meetings of the risk established as part of the annual business planning process. The charity has policies and governance structures for finance, health and safety, recruitment and selection, use of volunteers, equality of opportunity, quality management and risk assessment.

TRUSTEES' RESPONSIBILITY STATEMENT

The trustees (who are also the directors of Royds Community Association for the purposes of company law) 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 Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs 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

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

Page 7

ROYD5 COMMUNrrY ASSOCIATION REPORT OFTrIE TRUSTEE5 FOR THE YEAR EPIDEO 31ST MARCH 102$ TRUSTEES, RESPONS6IL17Y STATEME14T. cortlntd The Trustees Iwho are also directors of Royds Community Association for the pwposes of company lawl aro responsibl• for preparing the Trustees. Report and the financial statements in accordance with applicable law and Uiyted Klngdom Accountlng St8nd4rds IVfiit¢d Kinedom Ger)Èralty A(eept¢d At¢0untyn8 PrèrtKek Company law requlres the Trustee5 to prepare fwlanckil staternents for each firtan(ial year. Under company law the Trustees must not approve the financial statements unle5S they are ￿l$fied ihat tw live a truè and fèir view of the state of affair5 of the tharitable cornparw and of the incomir( resource5 and application of rewurces. including the income ond expenditure, of the charitable company tor that penoa. In preparingthe5e bnanciai statement¥ the Tru5teo are required to.. - select sU￿table accouDting polithes and then apply them COns￿tenttr. . obseNe the rnethods and principles in the Charit￿& SORP.. - make judgments and accountin8 estimates that are reasOnal￿e and prudent; - k¥epare ihe financial statements on ihe concein basis wless it is inapwopriète to prestvne that the charitable compan¥wlll continue ln operation. The Trustees are respoftsityle fly keepin¥ odequate accourting records that are suffioent to slw and explain the charitable company's transactions and disclose with reasonable acoJra¢y at any ITme ihe finanoal ￿llion of the ¢harr¢able company and erbable them to ensure that the financi31 staterneThts ¢ornpty with the Cornpanies Ad 2TrJ6. They are also responsible for safe8uaTding the assets of the charitsble company and hence for takTrn8 reasonable steps for the prevention and detection of fraud and other wrellularities. AUDITOAS The auditor4 Thoma$ Coombs Ltn•led. will be propod lor re-apptyntment at the forthcomiT¥ AnThJal Ser*ral Meetin8. Approv￿ by ¢xderof the t¥)ard of tn•stees on 16th July 2025 and Si￿ed oft fts belo11 by. Ar&0 A N Curtis- Trusree Pa8e8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ROYDS COMMUNITY ASSOCIATION

Opinion

We have audited the financial statements of Royds Community Association (the 'charitable company') for the year ended 31st March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises 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 does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ROYDS COMMUNITY ASSOCIATION

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 10

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ROYDS COMMUNITY ASSOCIATION

Our responsibilities for the audit of the financial statements

Our objectives 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 Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the entity and industries in which it operates, we identified the principal risks of non-compliance with laws and regulations related to charitable trusts, the application of charitable funds and data protection. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities Act 2011.

We assessed the susceptibility of the company's financial statements to material misstatement and how fraud might occur, including through discussions with the directors, discussions within our audit team planning meeting, updating our record of internal controls, and ensuring these controls operated as intended. We determined the principal risks were related to posting journal entries to manipulate profits, and management bias in accounting estimates, especially accrued and deferred income.

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed audit procedures which included, but were not limited to:

At the completion stage of the audit, the engagement partner's review included ensuring that the team had approached their work with appropriate professional scepticism 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-compliance of laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement relating to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 11

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ROYDS COMMUNITY ASSOCIATION Use of our This report is made sokly to the Charitab￿ companws members as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has teen undertaken so that we might 5tste to the charitable company's members those matters we are required to state to them in an audr¢ors' report ano for no Oiher purpose. To the fullesi e￿ent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company the charitable company's members as a bodyi forour audit work. for thts report, or lor the opinions we have formed. C, . Dasuirf ClYistopher Darwin FCA Isenior Statutory Audrtorl lor and on behalf ofThomas Coomb5 Lim•ted Statutory Auditor Chortered Accountants 3365 The Pentagon Ceniury Way T￿rpe Park Leeds West Yorkshire LS15 8ZB 161hJuty 2025 Pap 12

ROYDS COMMUNITY ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Charitable activities
4
Landlord Services
Community Centre
Partnership Programme & Networks
Other income
Total
EXPENDITURE ON
Charitable activities
5
Landlord Services
Community Centre
Partnership Programme & Networks
Total
NET INCOME/(EXPENDITURE)
Transfer between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
-
562,946
47,121
7,559
179,993
797,619
645,636
111,249
50
756,935
40,684
9,064
49,748
2,220,630
2,270,378		 Restricted
funds
£
43,407
-
6,784
40,997
-
91,188
646
19,227
49,712
69,585
21,603
(9,064)
12,539
24,571
37,110		 2025
Total
funds
£
43,407
562,946
53,905
48,556
179,993
888,807
646,282
130,476
49,762
826,520
62,287
-
62,287
2,245,201
2,307,488		 2024
Total
funds
£
45,592
524,852
74,350
60,175
-
704,969
593,941
143,194
53,794
790,929
(85,960)
-
(85,960)
2,331,161
2,245,201

The notes form part of these financial statements

Page 13

ROYDS COMMUNITY ASSOCIATION BALANCE SHEEr 31ST P•14RCH 2025 2025 Total funds 2024 Total Unrèstricted fvnds Restrkted fvnds Not FIXEDASSErs Tan￿ble assets Investments Investments Soc%al Investments properties 194A71 194A71 155,732 13 14 3A04.107 3.104.107 3,248.139 3.298,579 3,403,872 CURRENT ASSETS Debtors Cash at and in hand 15 43 333.547 58 370,658 138.942 181.402 37.111 391.990 37,111 429,101 320.344 CREDITORS Amountsfalling due within one year 16 1163h611 1163,6611 1211,2101 NET CURRENT ASSETS 228,329 37,111 Z65840 109.134 TOTALASSETS LESS CUIIRENT LIABILITIES Y￿26.￿18 37.111 3.$64.019 3.513.CKJ6 CREDITORS Amounts falling due ifter more than year 17 (3.5301 (35301 114,8051 PROVISIONS FOR UA8ILmE5 19 IL253.0001 (1253,oocI 11.253.0(Xl NET ASSETS 1270.378 37.111 1,307N89 2,245,201 FUNDS free reserves {eXclUdi￿ pension reseryel FrAed a55et reserve Pens￿)n reseNe Restricled funds 69,758 3,403,872 11,253,000) 24.571 3,298.579 I1.253￿00) 37,110 TOTAL FUP*JS 2.307,4 2.245.201 These financial stsiements have bten prepared in attordance wtth the provisions applicab￿ to tharitable companies subjea to the small companies regirne. The finartial statements were approved ￿ the 8oard of Tntstee5 and authorised for issue on 16thJ¥ly 2025 and were sened on its behalf by-. AN Curtls-TIu5tee The notesform part of these thoncial statements Pa8e 14

ROYDS COMMUNITY ASSOCIATION

CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of social investments
Sale of tangible fixed assets
Sale of social investments
Net cash provided by/(used in) investing activities
Cash flows from financing activities
Loan repayments in year
Net cash used in financing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning of
the reporting period
Cash and cash equivalents at the end of the
reporting period		 2025
£
73,501
73,501
(93,149)
(12,156)
-
231,993
126,688
(10,933)
(10,933)
189,256
181,402
370,658		 2024
£
39,054
39,054
(81,589)
(62,582)
559
-
(143,612)
(10,458)
(10,458)
(115,016)
296,418
181,402

The notes form part of these financial statements

Page 15

ROYDS COMMUNITY ASSOCIATION

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2025

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income/(expenditure) for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Profit on disposal of fixed assets
Loan interest
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Net cash provided by operations		 2025
£
62,287
158,599
(179,993)
-
80,499
(47,891)
73,501		 2024
£
(85,960)
139,954
-
688
(71,762)
56,134
39,054

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/24 Cash flow At 31/3/25
£ £ £
Net cash
Cash at bank and in hand 181,402 189,256 370,658
181,402 189,256 370,658
Debt
Debts falling due within 1 year (10,140) (243) (10,383)
Debts falling due after 1 year (14,805) 11,275 (3,530)
(24,945) 11,032 (13,913)
Total 156,457 200,288 356,745

The notes form part of these financial statements

Page 16

ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

1. GENERAL INFORMATION

Royds Community Association is a charitable company limited by guarantee, incorporated in England and Wales. The registered office is Royds Enterprise Park, Future Fields, Buttershaw, West Yorkshire, BD6 3EW.

The members of the charitable company are the Trustees named on page 1. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charitable company.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting 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 investments which are included at market value.

Going concern

The accounts have been prepared on a going concern basis on the assumption that the Charity is able to carry on operating as a going concern in the foreseeable future, which the trustees consider appropriate having regards to the following:

The major source of unrestricted income comes from rents and service charges at the Enterprise Park. The park has continued to perform well throughout the year and occupancy remains above 95%. The trustees see no reason for the success of the Park to diminish in the foreseeable future. The organisation also has long term tenants in the Healthy Living Centre and the shops at Woodside.

The exiting of the West Yorkshire Pension Fund during the year ended 31st March 2021 has resulted in the charity having a provision for a future liability of £1,253,000 in the financial statements. The Charity is in regular dialogue with the West Yorkshire Pension Fund and Bradford Metropolitan District Council to discuss this issue 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 take a reasonable amount of time to finalise. The trustees are confident that they will be able to finance whatever the final agreed position is.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the charities accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. 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 estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it 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 specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to donations received under GIft Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

continued...

Page 17

ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025

2. ACCOUNTING POLICIES - continued

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure is classified by activity as per the trustee report. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT where relevant.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Costs includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided to write off the cost less the estimated residual of tangible fixed assets by equal instalments over their estimated useful economic lives as follows:

Fixtures and fittings - 25% on a reducing balance basis
Plant and machinery - 25% on a reducing balance basis
Motor vehicles - 25% on cost
Freehold property - 2% on cost

Social investments

Social investments relate to property held to further the objectives of the Charity.

Social investment in property are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Costs includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided to write off the cost less the estimated residual of the assets by equal instalments over their estimated useful economic lives as follows:

Social investments in property - 2% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds 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 instruments

The charity has financial assets and financial liabilities of a kind that qualify as basic and complex financial instruments. Basic financial instruments are measured at their settlement value in the case of current assets and liabilities and at discounted settlement value in the case of creditors falling due after more than one year.

continued...

Page 18

ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit or loss.

Liabilities and Provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation, Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that 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.

3. DONATIONS AND LEGACIES

Donations
Grants		 2025
£
-
43,407
43,407		 2024
£
12,887
32,705
45,592

Donation income includes a corporate gift aid donation of £nil (2024 - £12,887) from the the joint venture in which the charity participates, Arise Yorkshire Limited.

Grants received included in the above are as follows:

ICB
Climate Community
West Yorkshire Energy
Bradford Council Funding		 2025
£
25,000
-
15,100
3,307
43,407		 2024
£
-
18,000
5,000
8,905
32,705

continued...

Page 19

ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025

4. INCOME FROM CHARITABLE ACTIVITIES

Rents Received
Cafe Income
Other Income
2024		 Community
Landlord
Centre
Partnership
£
£
£
427,471
40,933
-
68,983
154
-
66,492
12,818
48,556
562,946
53,905
48,556
524,852
74,350
60,175		 2025
Total
activities
£
468,404
69,137
127,866
665,407
659,377		 2024
Total
activities
£
463,315
94,548
101,514
659,377

5. CHARITABLE ACTIVITIES COSTS

Landlord Services
Community Centre
Partnership Programme & Networks
2024
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Depreciation
Consultant
Rates and utilities
Insurance
Repairs and maintenance
Printing, postage & stationery
IT, telephone & internet
Legal and professional fees
Subscriptions
Bank interest & charges
Sundries
Cafe costs
Bad debts
Management charge
Funding expenses
Room hire cost		 Direct
Costs (see
note 6)
£
639,386
130,476
49,762
819,624
784,234		 Support
costs (see
note 7)
£
6,896
-
-
6,896
6,695
2025
£
374,495
158,599
3,663
64,301
28,931
84,386
7,312
10,314
19,050
3,645
4,081
14,380
37,396
(1,000)
5,182
-
4,889
819,624		 Totals
£
646,282
130,476
49,762
826,520
790,929
2024
£
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
4,000
11,626
2,733
784,234

6. DIRECT COSTS OF CHARITABLE ACTIVITIES

continued...

Page 20

ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025

7. SUPPORT COSTS

Support costs all relate to governance being auditors remuneration.

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025 2024
£ £
Auditors' remuneration 6,896 6,695
Depreciation - owned assets 51,943 31,065
Surplus on disposal of fixed assets (179,993) -
Depreciation of social investments 106,656 108,889

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024.

Trustees' donations

There were no trustees' donations received for the year ended 31st March 2025 nor the year ended 31st March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2025 nor for the year ended 31st March 2024.

10. STAFF COSTS

Wages and salaries
Social security costs
Contribution to defined contribution pension scheme		 2025
£
339,120
28,958
6,417
374,495		 2024
£
293,970
24,101
6,090
324,164

The average monthly number of employees during the year was as follows:

Management
Administrative and support		 2025
3
11
14		 2024
2
10
12

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2025 2024
£60,001 - £70,000 - 1
£70,001 - £80,000 1 -

The average full time equivalent of employees during the year was 12.0 (2024: 9.7).

continued...

Page 21

ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025

10. STAFF COSTS - continued

Remuneration and benefits received by key management personnel

The key management personnel of the charity include the Chief Executive Officer, Finance Manager and the Facilities Manager. The total employment costs to the Charity of the key management personnel during the year was £150,909 (2024 - £109,762).

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Landlord Services
Community Centre
Partnership Programme &Networks
Total
EXPENDITURE ON
Charitable activities
Landlord Services
Community Centre
Partnership Programme &Networks
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
24,642
524,852
66,405
9,372
625,271
593,941
123,073
157
717,171
(91,900)
9,576
(82,324)
2,302,954
2,220,630		 Restricted
funds
£
20,950
-
7,945
50,803
79,698
-
20,121
53,637
73,758
5,940
(9,576)
(3,636)
28,207
24,571		 Total
funds
£
45,592
524,852
74,350
60,175
704,969
593,941
143,194
53,794
790,929
(85,960)
-
(85,960)
2,331,161
2,245,201

continued...

Page 22

ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025

12. TANGIBLE FIXED ASSETS

Plant and
machinery
£
COST
At 1st April 2024
325,728
Additions
77,333
Disposals
(211,157)
At 31st March 2025
191,904
DEPRECIATION
At 1st April 2024
315,245
Charge for year
12,361
Eliminated on disposal
(210,586)
At 31st March 2025
117,020
NET BOOK VALUE
At 31st March 2025
74,884
At 31st March 2024
10,483		 Fixtures
and
fittings
£
428,830
15,816
(155,266)
289,380
288,537
36,982
(153,370)
172,149
117,231
140,293		 Motor
vehicles
£
13,000
-
-
13,000
8,044
2,600
-
10,644
2,356
4,956		 Totals
£
767,558
93,149
(366,423)
494,284
611,826
51,943
(363,956)
299,813
194,471
155,732

13. FIXED ASSET INVESTMENTS

Unlisted Unlisted
investments
£
COST
At 1st April 2024 and 31st March 2025 1
NET BOOK VALUE
At 31st March 2025 1
At 31st March 2024 1

There were no investment assets outside the UK.

The investment represents 100% of the share capital of a dormant company, Royds Community Association (Subsidiary) Limited.

Royds Community Association (Subsidiary) Limited- Net assets at 31st March 2025: £1 (2024: £1).

In addition, the Charity is one of four members of Arise Yorkshire Limited. Reflecting the "company limited by guarantee" status of Arise Yorkshire Limited, no historic cost value is attributed to the interest held by the Charity. The net assets of Arise Yorkshire Limited at 31st March 2025 were £965,116 (2024: £852,702).

continued...

Page 23

ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025

14. SOCIAL INVESTMENTS PROPERTIES

COST
At 1st April 2024
Additions
Disposals
At 31st March 2025
DEPRECIATION
At 1st April 2024
Depreciation for year
Eliminated on disposal
At 31st March 2025
NET BOOK VALUE
At 31st March 2025
At 31st March 2024
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Amounts receivable in the ordinary course of business
Prepayments and accrued income
16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 18)
Creditors in the ordinary course of business
VAT
Other creditors
Accruals and deferred income		 2025
£
40,046
18,397
58,443
2025
£
10,383
70,561
17,759
29,029
35,929
163,661		 Social
investments
in
property
£
5,413,738
12,156
(96,011)
5,329,883
2,165,599
106,656
(46,479)
2,225,776
3,104,107
3,248,139
2024
£
45,452
93,490
138,942
2024
£
10,140
65,921
1,384
37,619
96,146
211,210

continued...

Page 24

ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025

17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

17.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025
2024
£
£
Bank loans (see note 18)
3,530
14,805
18.
LOANS
An analysis of the maturity of loans is given below:
2025
2024
£
£
Amounts falling due within one year on demand:
Bank loans
10,383
10,140
Amounts falling between one and two years:
Bank loans - 1-2 years
3,530
10,397
Amounts falling due between two and five years:
Bank loans - 2-5 years
-
4,408
19.
PROVISIONS FOR LIABILITIES
2025
2024
£
£
Provisions
1,253,000
1,253,000		 2025
£
3,530
2025
£
10,383
3,530
-		 2024
£
14,805
2024
£
10,140
10,397
4,408

The exiting of the West Yorkshire Pension Fund during the year ended 31st March 2021 triggered a final scheme valuation; this 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 Yorkshire Pension Fund and Bradford Metropolitan District Council to discuss 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 take a reasonable amount of time to finalise. The trustees are confident that they will be able to finance whatever the final agreed position is.

continued...

Page 25

ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025

20. MOVEMENT IN FUNDS

Unrestricted funds
Free reserves (excluding pension reserve)
Fixed asset reserve
Pension reserve
Restricted funds
Woodside Community Garden
Core20+5 Health Check
Core20+5 Befriending & Volunteer Project
Food Delivery and Wellbeing Check Pilot
Warm Spaces
WY Mayors Climate Community
Culture is Cohesion
Dress It Up
Maternity Circles
Stay and Play
Well Being Cafe
Women’s Health
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Income
received
£
Unrestricted funds
Free reserves (excluding pension reserve)
617,626
Fixed asset reserve
179,993
Pension reserve
-
Restricted funds
Woodside Community Garden
-
Core20+5 Health Check
-
Core20+5 Befriending & Volunteer Project
39,911
Food Delivery and Wellbeing Check Pilot
-
Warm Spaces
1,168
WY Mayors Climate Community
-
ABCD Dementia Friendly
350
Culture is Cohesion
500
Dress It Up
500
Enable Programme
15,100
Energy of Intention
990
Inn Churches
1,086
Maternity Circles
25,000
Stay and Play
1,365
Welcome Space
1,185
Well Being Cafe
3,233
Women’s Health
800
TOTAL FUNDS
888,807		 At 1/4/24
£
69,758
3,403,872
(1,253,000)
1,451
8,291
5,187
573
167
8,902
-
-
-
-
-
-
2,245,201
Resources
expended
£
(598,336)
(158,599)
-
(381)
(2,923)
(36,194)
(573)
(921)
(646)
(350)
-
-
(13,181)
(990)
(1,086)
(8,936)
(539)
(1,185)
(1,680)
-
(826,520)		 Net
movement
in funds
£
155,041
(105,293)
-
(381)
(2,923)
3,717
(573)
247
(7,791)
500
500
16,064
826
1,552
800
62,287
Transfers
£
135,751
(126,687)
-
-
-
-
-
-
(7,145)
-
-
-
(1,919)
-
-
-
-
-
-
-
-		 At
31/3/25
£
224,799
3,298,579
(1,253,000)
1,070
5,368
8,904
-
414
1,111
500
500
16,064
826
1,552
800
2,307,488
Movement
in funds
£
155,041
(105,293)
-
(381)
(2,923)
3,717
(573)
247
(7,791)
-
500
500
-
-
-
16,064
826
-
1,552
800
62,287

Transfers from restricted funds represent capital spending.

continued...

Page 26

ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025

20. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
Free reserves (excluding pension reserve)
Fixed asset reserve
Pension reserve
Restricted funds
Royds Befriending Service
Well Being Cafe
Woodside Community Garden
Core20+5 Health Check
Core20+5 Befriending & Volunteer Project
Food Delivery and Wellbeing Check Pilot
Warm Spaces
WY Mayors Climate Community
TOTAL FUNDS		 At 1/4/23
£
155,740
3,400,214
(1,253,000)
9,995
14,512
1,451
2,249
-
-
-
-
2,331,161		 Net
movement
in funds
£
(85,982)
3,658
-
(9,995)
(14,512)
-
6,042
5,187
573
167
8,902
(85,960)		 At
31/3/24
£
69,758
3,403,872
(1,253,000)
-
-
1,451
8,291
5,187
573
167
8,902
2,245,201

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
Free reserves (excluding pension reserve)
Fixed asset reserve
Pension reserve
Restricted funds
Royds Befriending Service
Well Being Cafe
Care Homes Community Links
Combined Funds Cost of Live Support
Core20+5 Health Check
Core20+5 Befriending & Volunteer Project
Food Delivery and Wellbeing Check Pilot
Jer Lane
Kings Coronation
Warm Spaces
Welcome Spaces
WY Mayors Climate Community
Youth and Community Chest Woodside
TOTAL FUNDS		 Income
received
£
625,271
-
-
-
1,190
7,000
2,880
8,100
34,554
1,150
-
398
4,215
1,261
18,800
150
704,969		 Resources
Transfers
expended
£
£
(576,658)
(134,595)
(140,513)
144,171
-
-
(9,995)
-
(15,702)
-
(7,000)
-
(2,880)
-
(2,058)
-
(29,367)
-
(577)
-
(268)
268
(452)
54
(4,048)
-
(1,261)
-
-
(9,898)
(150)
-
(790,929)
-		 Movement
in funds
£
(85,982)
3,658
-
(9,995)
(14,512)
-
-
6,042
5,187
573
-
-
167
-
8,902
-
(85,960)

continued...

Page 27

ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025

20. MOVEMENT IN FUNDS - continued

Restricted funds

Woodside Community Garden - A kickstart project to redevelop the gardens at Woodside to create a fruit and flower garden for the local community to enjoy at face value, enhance the well being cafe service during the 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.

ABCD Dementia - ABCD Funding is small grants funding offered through the WOW Community Partnership, focussing on Health concerns in the district. Royds were successful in securing a small grant to help create a more Demential Friendly physical and supportive enviroment at Woodside Village Centre.

Combined Funds Cost of Living support - Working with local schools in the Royds area and continuing work previously undertaken by local ward officers of the council. Royds secured funding to purchase warm packs from the Green Doctors to ensure that every child in need, as defined by their school, received a pack including, hat, gloves, scarf, hot water bottle and fleece blanket. The project ran for 8 weeks and successfully reached participant levels of over 200 children.

Core20 + 5 Befriending & Volunteer Project - One of the priority projects of the WOW Partnership. Two years funding secured to deliver a befriending and volunteer service across the partnership area of Royds, 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.

Core 20+5 Community Health checks - 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 checks including, height, weight, heart, cholesterol and other simple blood tests in conjunction with The Five Parks PCN across events throughout the Partnership area including, Royds, Great Horton, Wibsey and parts of Queensbury and Little Horton.

Culture is cohesion - We are delighted to have received £500 in funding from BD25 to support a one-day community event scheduled for the summer of 2025. This event is a meaningful opportunity to strengthen community ties and honour the unique character of Woodside.

Dress it up - Funding received under the Bradford City of Culture 2025 programme of grant rounds. The small grant was awarded to support a focussed event improving the community garden in the park, with fun and creative activities for all ages. It’s a wonderful opportunity for residents to connect, collaborate, and take pride in shaping a greener, more beautiful Woodside together.

Enable programme - The ENABLE Programme is funded by Groundwork UK with support from the West Yorkshire Combined Authority. This funding was specifically targeted at addressing barriers to employment. Developed in response to a recognised lack of experience and confidence among young people entering the workforce, the ENABLE Programme was designed to provide tailored employability support, mentoring, and practical skill development. The programme benefitted from strong collaboration with local community organisations, and business networks.

Energy of intention: Funded by Leeds University and in conjunction with Bradford City of Culture funding; the Energy of Intention project brought Bradford communities together through creative and cultural activities that enhanced wellbeing, built skills, and strengthened local connections. This project explored how positive intention can change the way people see themselves and their surroundings using photography and simple wellbeing journaling, participants took time to notice, reflect, and connect with their environment and with each other.

Food Delivery and Wellbeing Check Pilot - ABCD Grant funding to operate a pilot scheme for local residents to request a wellbeing check which includes the option 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 check for the individual to allow signposting to other services.

continued...

Page 28

ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025

20. MOVEMENT IN FUNDS - continued

Maternity circles -Commissioned by the Start for Life programme, Maternity Circles in South Bradford forms one of 17 Maternity circle programmes covering the Bradford District. Sessions are delivered within the CP7 WOW Partnership footprint to support women and families from pregnancy through to early years (0–2). To ensure accessibility, the team work from local Family Hubs, covering key maternity topics such as antenatal and postnatal care, safer sleeping, and smoking in pregnancy. Professionals from the wider network are invited to attend, enabling families to access advice and, where appropriate, be referred into other local services.

Stay and play - ABCD Funding is small grants funding offered through the WOW Community Partnership, focussing on Health concerns in the district. Royds were successful in securing a small grant to help. A successful bis was made to secure a small amount of funding to support our Stay and Play sessions, running up until July 2025. The sessions aim to create a welcoming and supportive space for young parents and their children, particularly those who may be experiencing social isolation. By providing regular opportunities to connect, play, and engage in community activities.

Warm Spaces- Warm Spaces are a Grant Fund offered by Bradford Metropolitan District Council as a result of the cost of living crisis. The grants were award to organisations in support of allowing community assets to be used to enable residents to benefit from a warm space with access to hot drinks, snacks and Wifi for internet access. Royds secured the funding to enable regular times throughout the week for these facilities to be available at both its Woodside and Delph Hill Centres from December through to March 2023. It is intended to continue offering similar services at both centres throughout the forth-coming year in line with funding opportunities to do so.

Welcoming Space- Renamed from Warm Spaces, this is a Household Support Fund offered by Bradford Metropolitan District Council as a result of the cost of living crisis. The grants were extended from 2022/2023 to organisations in support of allowing community assets to be used to enable residents to benefit from a welcoming space with access to hot and cold drinks, snacks and Wi-Fi. This funding allowed both centres to offer regular times throughout the week for these facilities to be available from March to September 2023 and again from October 2023 to March 2024. The funding has been extended into the new financial year

Well Being Cafe - the provision of monthly healthy eating lunch service for 55+ age group. The service 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.

Women's health - This grant is administered by the VCS Alliance, on behalf of Bradford District and Craven Health and Care Partnership, with support from the Women’s Health Network. The purpose of the grant is to empower local voluntary organisations, charities, and community groups to deliver targeted projects aimed at improving the health and wellbeing of women within the local area. Royds has been awarded funding under this initiative and is delivering sessions focused on key priority areas outlined in the national Women’s Health Strategy. These areas include: Menstrual health and gynaecological conditions,Fertility, pregnancy, pregnancy loss, and postnatal support, Menopause, Mental health and wellbeing, Cancers and The health impacts of violence against women and girls. The project will deliver during 2025.

WY Mayors Climate Community- As part of our Green Strategy, a funding application made to tackle the efficiency of our community centres at Woodside and Delph Hill. The main project covers the upgrading of all internal and external lighting 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 allows the installation of bike racks to encourage travel to the centres by bike. The project continues into the 24/25 financial year.

General funds

Fixed asset reserve - this represents the net book value of social investment property and other fixed assets which is held to enable third parties to undertake activities that contribute to the charitable objectives of Royds Community Association. Accordingly the trustees consider 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 this from General fund free reserves.

continued...

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ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025

21. RELATED PARTY DISCLOSURES

Trustees are required to declare all relevant interests with which they are connected and in accordance with the Charity’s policy withdraw from decisions where a conflict of interest arises. Some Trustees use their expertise in areas affecting Royds Community Association, but no Trustee had any significant personal financial interest in contracts with the Charity during the year.

The following related party transactions have occurred during the year:

Arise Yorkshire Limited

Arise Yorkshire Limited is a joint venture company in which Royds Community Association is a partner.

Recharges of accountancy and administrative services totalled £8,332 (2024 - £10,209).

Gift aid donations received were £NIL (2024 - £12,887).

22. MEMBERS' LIABILITY

Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while 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 liabilities contracted before he/she ceases to be a member.

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ROYDS COMMUNITY ASSOCIATION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
Charitable activities
Rents Received
Cafe Income
Other Income
Other income
Gain on sale of social investment properties
Total incoming resources
EXPENDITURE
Charitable activities
Staff costs
Depreciation
Consultant
Rates and utilities
Insurance
Repairs and maintenance
Printing, postage & stationery
IT, telephone & internet
Legal and professional fees
Subscriptions
Bank interest & charges
Sundries
Cafe costs
Bad debts
Management charge
Funding expenses
Room hire cost
Support costs
Governance costs
Auditors' remuneration
Total resources expended
Net income/(expenditure)		 2025
£
-
43,407
43,407
468,404
69,137
127,866
665,407
179,993
888,807
374,495
158,599
3,663
64,301
28,931
84,386
7,312
10,314
19,050
3,645
4,081
14,380
37,396
(1,000)
5,182
-
4,889
819,624
6,896
826,520
62,287		 2024
£
12,887
32,705
45,592
463,315
94,548
101,514
659,377
-
704,969
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
4,000
11,626
2,733
784,234
6,695
790,929
(85,960)

This page does not form part of the statutory financial statements

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