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2026-03-31-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 2026

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 2026

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 7
Report of the Independent Auditors 8 to 10
Statement of Financial Activities 11
Balance Sheet 12
Cash Flow Statement 13
Notes to the Cash Flow Statement 14
Notes to the Financial Statements 15 to 29

ROYDS COMMUNITY ASSOCIATION

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST MARCH 2026

TRUSTEES A N Curtis
C J Dinsdale
J L Marriott
N S Nurden
S Tarique
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)
S Green (Community Operations 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 2026

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 2026. 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 2026

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 whilst developing an updated 3-year plan which is intended to provide continuity from April 2026. Common themes across the respective strategies are:

ACHIEVEMENTS 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 continues to be the major source of unrestricted income for the charity which is generated from rental income and room hire. The Park has continued to perform well throughout the year despite changes in the mix of tenants. We are pleased to have maintained high levels of occupancy during the year across the Industrial Units and continue to manage a healthy waiting list for our units.

Within the Head Office location we also secure resource from tenanted offices and meeting rooms. Take up of our meeting room space has also been positive throughout the year with stronger relationships with health training organisations resulting in higher yields within the year. Looking ahead, Royds hope to continue to build on these foundations with existing and new clients.

The Enterprise Park continues to generate real jobs via its business tenants and many of these are taken by local community members.

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 Partners from the Ridge Medical Practice.

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 range of community services directly and through 3[rd] parties as well as wider services 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 welcome working with other partners organisations and have continued their relationship with One In A Million and new relationship with Sanctus Boxing.

Page 3

ROYDS COMMUNITY ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2026

ACHIEVEMENTS AND PERFORMANCE

Partnership Programmes & Networks

Royds works in partnership with many different organisations including, VCS Alliance and the NHS primary and secondary care services via the ICB. 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 successfully delivered for a third year of the programme, however funding has now ceased and actions are being taken to continue the services through other means from the 2026/27 financial year.

Social Prescribing Link Workers

Royds continue to manage the Social Prescribing Link Team on behalf of the local PCN, Five Parks. 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 one hundred referrals per month, mainly via GPs, the team of 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

Following changes in the year, Royds is one of three 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. During the forthcoming year the current strategy of portfolio reduction will come under review to ensure it continues to meet the expectations of the Partners.

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 2025/26 year was £741,728 (2025 - £888,807), total expenditure, including depreciation, was £862,821 (2025 - £826,520) resulting in a deficit for the year of £121,093 (2025 yielded a surplus of £62,287).

Depreciation of £159,157 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 ICB.

Reserves policy

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

Page 4

ROYDS COMMUNITY ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2026

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 2026/2027 with a renewed approach defined within the 2026-2029 Strategy.

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, 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 two 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 Bradford Metropolitan District Council, ICB and VCS Alliance, 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 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 5

ROYDS COMMUNITY ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2026

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 finances. We also employ a Community Operations Manager, ensuring that our community resources are managed effectively and community projects are delivered in a fit for purpose manner.

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. Under company law the Trustees must not approve the financial statements unless they are satisfied that they 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 these 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.

Page 6

ROYDS COMMUNITY ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2026

TRUSTEES' RESPONSIBILITY STATEMENT - continued

In so far as the trustees are aware:

AUDITORS

The auditors, Thomas Coombs Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 29[th] July 2026 and signed on its behalf by:

.............................................................................. A N Curtis - Trustee

Page 7

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 2026 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 8

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.

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.

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

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our knowledge of the business and sector, enquiries of directors and management, and review of regulatory information and correspondence. We communicated identified laws and regulations throughout the audit team and remained alert to any indication of non-compliance through the audit.

We discussed with directors and management the policies and procedures in place to ensure compliance with laws and regulations and otherwise prevent, deter and detect fraud.

Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations identified as potentially having a material effect on the financial statements. Our procedures included review of financial statement information and testing of that information, enquiries of management and examination of documents, analytical procedures to identify unusual or unexpected relationships that may indicate fraud, and procedures to address the risk of fraud through director or management override of controls.

At the completion stage of the audit, the engagement partner's review included ensuring the audit team had approached their work with appropriate professional scepticism and thus the capacity to identify non-compliance with laws and regulations and fraud.

The primary responsibility for the prevention and detection of fraud rests with those charged with governance and management, and we cannot be expected to detect non-compliance with all laws and regulations. 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. In addition, 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.

Page 9

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

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.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has 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 charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Christopher Darwin FCA (Senior Statutory Auditor) for and on behalf of Thomas Coombs Limited Statutory Auditor Chartered Accountants 3365 The Pentagon Century Way Thorpe Park Leeds West Yorkshire LS15 8ZB 29[th] July 2026

Page 10

ROYDS COMMUNITY ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2026

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Charitable activities
4a
Landlord Services
Community Centre
Partnership Programme &Networks
Other income 4b
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
£
32,000
561,950
42,101
16,500
-
652,551
676,969
92,817
22
769,808
(117,257)
6,307
(110,950)
2,270,378
2,159,428		 Restricted
funds
£
69,714
-
14,610
4,853
-
89,177
1,111
12,368
79,534
93,013
(3,836)
(6,307)
(10,143)
37,110
26,967		 2026
Total
funds
£
101,714
561,950
56,711
21,353
-
741,728
678,080
105,185
79,556
862,821
(121,093)
-
(121,093)
2,307,488
2,186,395		 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

The notes form part of these financial statements

Page 11

ROYDS COMMUNITY ASSOCIATION

BALANCE SHEET 31ST MARCH 2026

Notes
FIXED ASSETS
Tangible assets
12
Investments
Investments
13
Social investments – freehold property
14
CURRENT ASSETS
Debtors
15
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
17
PROVISIONS FOR LIABILITIES
19
NET ASSETS
FUNDS
20
Free reserves (excluding pension reserve)
Fixed asset reserve
Pension reserve
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
155,395
1
3,030,267
3,185,663
70,537
284,719
355,256
(128,491)
226,765
3,412,428
-
(1,253,000)
2,159,428		 Restricted
funds
£
-
-
-
-
-
26,967
26,967
-
26,967
26,967
-
-
26,967		 2026
Total
funds
£
155,395
1
3,030,267
3,185,663
70,537
311,686
382,223
(128,491)
253,732
3,439,395
-
(1,253,000)
2,186,395
226,765
3,185,663
(1,253,000)
26,967
2,186,395		 2025
Total
funds
£
194,471
1
3,104,107
3,298,579
58,443
370,658
429,101
(163,661)
265,440
3,564,019
(3,530)
(1,253,000)
2,307,488
224,799
3,298,579
(1,253,000)
37,110
2,307,488

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 29[th] July 2026 and were signed on its behalf by:

............................................. A N Curtis - Trustee

The notes form part of these financial statements

Page 12

ROYDS COMMUNITY ASSOCIATION

CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2026

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of social investments
Sale of social investments
Net cash (used in)/provided by 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		 2026
£
(1,383)
(1,383)
(14,359)
(32,830)
-
(47,189)
(10,400)
(10,400)
(58,972)
370,658
311,686		 2025
£
73,501
73,501
(93,149)
(12,156)
231,993
126,688
(10,933)
(10,933)
189,256
181,402
370,658

The notes form part of these financial statements

Page 13

ROYDS COMMUNITY ASSOCIATION

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2026

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

Net (expenditure)/income for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Loss/(profit) on disposal of fixed assets
(Increase)/decrease in debtors
Decrease in creditors
Net cash (used in)/provided by operations
2.
ANALYSIS OF CHANGES IN NET FUNDS		 2026
£
(121,093)
159,156
951
(12,097)
(28,300)
(1,383)		 2025
£
62,287
158,599
(179,993)
80,499
(47,891)
73,501
At 1/4/25 Cash flow At 31/3/26
£ £ £
Net cash
Cash at bank and in hand 370,658 (58,972) 311,686
370,658 (58,972) 311,686
Debt
Debts falling due within 1 year (10,383) 6,870 (3,513)
Debts falling due after 1 year (3,530) 3,530 -
(13,913) 10,400 (3,513)
Total 356,745 (48,572) 308,173

The notes form part of these financial statements

Page 14

ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2026

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 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.

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 15

ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2026

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. 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.

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...

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ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2026

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 Statement of Financial Activities as a finance cost.

3. DONATIONS AND LEGACIES

2026
£
Donations
32,000
Grants
69,714
101,714		 2025
£
-
43,407
43,407

Donations income includes a corporate gift aid donation of £32,000 (2025: £nil) from the joint venture in which the charity participates, Arise Yorkshire Limited

Grants received included in the above are as follows:

ICB
West Yorkshire Combined Authority
Bradford Council Funding		 2026
£
65,164
-
4,550
69,714		 2025
£
25,000
15,100
3,307
43,407

continued...

Page 17

ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2026

4a. INCOME FROM CHARITABLE ACTIVITIES

Rents Received
Cafe Income
Other Income
2025		 Community
Landlord
Centre
Partnership
£
£
£
449,573
36,485
-
70,213
-
-
42,164
20,226
21,353
561,950
56,711
21,353
562,946
53,905
48,556		 2026
Total
activities
£
486,058
70,213
83,743
640,014
665,407		 2025
Total
activities
£
468,404
69,137
127,866
665,407

4b. OTHER INCOME

Other income of £179,993 in the prior year was in relation to the gain on sale of social investment freehold property. There were no such disposals this year and therefore other income is £nil.

5. CHARITABLE ACTIVITIES COSTS

5.
CHARITABLE ACTIVITIES COSTS
Landlord Services
Community Centre
Partnership Programme &Networks
2025
6.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Depreciation
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
Room hire cost
Loss on sale of assets		 Direct
Costs (see
note 6)
£
667,580
105,185
79,556
852,321		 Support
costs (see
note 7)
£
10,500
-
-
10,500		 Totals
£
678,080
105,185
79,556
862,821
819,624 6,896
2026
£
388,049
159,157
60,759
25,995
104,179
4,113
12,803
21,250
6,359
3,207
14,860
37,002
1,039
6,564
6,035
950
852,321		 826,520
2025
£
374,495
160,592
62,308
28,931
84,386
7,312
10,314
22,713
3,645
4,081
14,380
37,396
(1,000)
5,182
4,889
-
819,624

continued...

Page 18

ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2026

7. SUPPORT COSTS

Support costs all relate to governance being auditors remuneration.

8. NET INCOME/(EXPENDITURE)

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

Auditors' remuneration
Depreciation - owned assets
(Deficit)/surplus on disposal of fixed assets
Depreciation of social investments		 2026
£
10,500
52,486
950
106,670		 2025
£
6,896
51,943
(179,993)
106,656

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2026 nor for the year ended 31st March 2025.

Trustees' donations

There were no trustees' donations received for the year ended 31st March 2026 nor the year ended 31st March 2025.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2026 nor for the year ended 31st March 2025.

10. STAFF COSTS

Wages and salaries
Social security costs
Contribution to defined contribution pension scheme		 2026
£
344,642
36,865
6,542
388,049		 2025
£
340,850
28,958
6,417
376,225

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

Management
Administrative and support		 2026
3
11
14		 2025
3
11
14

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

2026 2025
£60,001 - £70,000 1 1

The average full time equivalent of employees during the year was 10.4 (2025: 12.0).

continued...

Page 19

ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2026

10. STAFF COSTS

Remuneration and benefits received by key management personnel

The key management personnel of the charity include the Chief Executive Officer, Finance Manager and Community Operations Manager. The total employment costs to the Charity of the key management personnel during the year was £133,203 (2025 - £150,909).

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Landlord Services
Community Centre
Partnership Programme &Networks
Other income
Total
EXPENDITURE ON
Charitable activities
Landlord Services
Community Centre
Partnership Programme &Networks
Total
NET INCOME/(EXPENTIURE)
Transfers 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		 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

continued...

Page 20

ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2026

12. TANGIBLE FIXED ASSETS

Plant and
machinery
£
COST
At 1st April 2025
191,904
Additions
950
Disposals
(44,448)
At 31st March 2026
148,406
DEPRECIATION
At 1st April 2025
117,020
Charge for year
18,777
Eliminated on disposal
(44,436)
At 31st March 2026
91,361
NET BOOK VALUE
At 31st March 2026
57,045
At 31st March 2025
74,884
13.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1st April 2025 and 31st March 2026
NET BOOK VALUE
At 31st March 2026
At 31st March 2025		 Fixtures
and
fittings
£
289,380
13,409
(24,125)
278,664
172,149
31,353
(23,188)
180,314
98,350
117,231		 Motor
vehicles
Totals
£
£
13,000
494,284
-
14,359
-
(68,573)
13,000
440,070
10,644
299,813
2,356
52,486
-
(67,624)
13,000
284,675
-
155,395
2,356
194,471
Unlisted
investments
£
1
1
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 2026: £1 (2025: £1).

In addition, the Charity is one of three 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 2026 were £1,040,429 (2025: £965,116).

continued...

Page 21

ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2026

14. SOCIAL INVESTMENTS – FREEHOLD PROPERTY

COST
At 1st April 2025
Additions
At 31st March 2026
DEPRECIATION
At 1st April 2025
Depreciation for year
At 31st March 2026
NET BOOK VALUE
At 31st March 2026
At 31st March 2025
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

continued...

Page 22

ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2026

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

17.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 18)
18.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
19.
PROVISIONS FOR LIABILITIES
Provisions		 2026
£
-
2026
£
3,513
-
2026
£
1,253,000		 2025
£
3,530
2025
£
10,383
3,530
2025
£
1,253,000		 2025
£
3,530
2025
£
10,383
3,530

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. The trustees consider interest should not be accrued on the liability and so provision remains at the original £1,253,000.

continued...

Page 23

ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2026

20. MOVEMENT IN FUNDS

Unrestricted funds
Free reserves (excluding pension reserve)
Fixed asset reserve
Pension reserve
Restricted funds
Landlord:
WY Mayors Climate Community
Partnership:
Core20+5 Health Check
Core20+5 Befriending & Volunteer Project
Trailblazer
Maternity Circles
Community:
Woodside Community Garden
Warm Spaces
Culture is Cohesion
Dress It Up
Stay and Play
Well Being Cafe
Women’s Health
TOTAL FUNDS		 At 1/4/25
£
224,799
3,298,579
(1,253,000)
1,111
5,368
8,904
-
16,064
1,070
414
500
500
826
1,552
800
2,307,488		 Net
movement
in funds
£
1,968
(112,917)
-
(1,111)
(3,056)
(8,904)
15,000
(8,006)
(1,070)
(414)
(500)
(500)
(400)
(382)
(800)
(121,093)		 At
31/3/26
£
226,767
3,185,662
(1,253,000)
-
2,312
-
15,000
8,058
-
-
-
-
426
1,170
-
2,186,395

continued...

Page 24

ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2026

20. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
Landlord:
General reserve
Fixed asset reserve
Partnership – general reserve
Community – general reserve
Pension reserve
Restricted funds
Landlord:
WY Mayors Climate Community
Partnership:
Core20+5 Health Check
Core20+5 Befriending & Volunteer Project
Trailblazer
Inn Churches
Maternity Circles
Community:
Woodside Community Garden
Warm Spaces
Community Building Grant
Culture is Cohesion
Dress It Up
Stay and Play
Welcome Space
Well Being Cafe
Women’s Health
Bradford 2025 Woodside
Community Chest Woodside
TOTAL FUNDS		 Income
received
£
561,951
-
48,500
42,101
-
-
-
44,502
15,000
700
20,664
-
(406)
2,000
-
-
553
2,310
3,124
-
300
430
741,728		 Resources
Transfers
expended
£
£
(516,864)
(47,190)
(160,107)
47,190
(21)
-
(92,816)
6,307
-
-
(1,111)
-
(3,056)
-
(47,107)
(6,299)
-
-
(700)
-
(28,670)
-
(1,070)
-
-
(8)
(2,000)
-
(500)
-
(500)
-
(953)
-
(2,310)
-
(3,506)
-
(800)
-
(300)
-
(430)
-
(862,821)
-		 Movement
in funds
£
(2,103)
(112,917)
48,479
(44,408)
-
(1,111)
(3,056)
(8,904)
15,000
-
(8,006)
(1,070)
(414)
-
(500)
(500)
(400)
-
(382)
(800)
-
-
(121,093)

continued...

Page 25

ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2026

20. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1/4/24 in funds 31/3/25
£ £ £
Unrestricted funds
Free reserves (excluding pension reserve) 69,758 155,041 224,799
Fixed asset reserve 3,403,872 (105,293) 3,298,579
Pension reserve (1,253,000) - (1,253,000)
Restricted funds
Woodside Community Garden 1,451 (381) 1,070
Core20+5 Health Check 8,291 (2,923) 5,368
Core20+5 Befriending & Volunteer Project 5,187 3,717 8,904
Food Delivery and Wellbeing Check Pilot 573 (573) -
Warm Spaces 167 247 414
WY Mayors Climate Community 8,902 (7,791) 1,111
Culture is Cohesion - 500 500
Dress It Up - 500 500
Maternity Circles - 16,064 16,064
Stay and Play - 826 826
Well Being Cafe - 1,552 1,552
Women’s Health - 800 800
TOTAL FUNDS 2,245,201 62,287 2,307,488

continued...

Page 26

ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2026

20. MOVEMENT IN FUNDS - continued

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
Woodside Community Garden
Core20+5 Health Check
Core20+5 Befriending & Volunteer Project
Food Delivery and Wellbeing Check Pilot
Warm Spaces
WY Mayors Climate Community
ABCD Dementia Friendly
Culture is Cohesion
Dress It Up
Enable Programme
Energy of Intention
Inn Churches
Maternity Circles
Stay and Play
Welcome Space
Well Being Cafe
Women’s Health
TOTAL FUNDS		 Income
received
£
617,626
179,993
-
-
-
39,911
-
1,168
-
350
500
500
15,100
990
1,086
25,000
1,365
1,185
3,233
800
888,807		 Resources
Transfers
Movement
expended
in funds
£
£
£
(598,336)
135,751
155,041
(158,599)
(126,687)
(105,293)
-
-
-
(381)
-
(381)
(2,923)
-
(2,923)
(36,194)
-
3,717
(573)
-
(573)
(921)
-
247
(646)
(7,145)
(7,791)
(350)
-
-
-
-
500
-
-
500
(13,181)
(1,919)
-
(990)
-
-
(1,086)
-
-
(8,936)
-
16,064
(539)
-
826
(1,185)
-
-
(1,680)
-
1,552
-
-
800
(826,520)
-
62,287

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 and completed after some final seasonal activity early 2025.

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 Dementia Friendly physical and supportive environment at Woodside Village Centre.

Bradford 2025 Woodside - BD25 awarded us a small grant to deliver a community youth cinema event for Halloween. Spookside Cinema hosted 35 children aged between 6yrs and 11yrs. The children were engaged with the movie selection, Monster House and enjoyed Halloween themed arts and crafts, food, drinks.

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. The Funding ended on 31st March 2026 and the services delivered will be novated subject to alternative funding sources.

Community Building Grant - City of Bradford Metropolitan District Council awarded a small grant to support building improvements. Funds were spent on four projects including fire doors, emergency lighting, anti-vandal wall pack. The grant runs over two financial periods.

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ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2026

20. MOVEMENT IN FUNDS - continued

Community Chest Woodside - Bradford District Council awarded a small grant via the Community Chest scheme to support Woodside Village Centre to deliver a 6 week Cooking on a Budget project, empowering local residents with practical cooking skills, helping prepare healthy, affordable meals during a time of rising food and energy costs. Through budget-friendly recipes and smart shopping tips, the project aimed to reduce food insecurity, improve nutrition, and promote independence.

Core 20+5 Community Health checks - ICB funded within the Core20+5 programme delivered from 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. The service is now in it's 4th year.

Culture is cohesion - Funding from the BD25 City of Culture programme. The service delivered 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 in South Bradford.

Dress it up - Funding received under the Bradford City of Culture 2025 programme . The small grant was awarded to support a focussed event improving the community gardens in Woodside, 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.

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 - Royds were successful in securing a small grant to help through the WOW Partnership small grants funding to support the Stay & Play service. The service aims to create a welcoming and supportive space for young parents and their children, particularly those who may be experiencing social isolation.

Trailblazer - A programme commissioned by the VCS Alliance Bradford. Enabling Community Partnership anchors to develop a communication cascade plan alongside developing community voice and opportunity for co-design and participatory developments with the community in relation to health concerns and opportunities.

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 are awarded 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.

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ROYDS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2026

20. MOVEMENT IN FUNDS - continued

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 since 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.

Well Being Cafe - the provision of fortnightly healthy eating lunch service for 55+ age group. This service funded through a combination of small grants funding and service user subscriptions. This year the team were pleased to secure additional funding from the Tesco Stronger Starts fund

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 completed all activities in August 2025.

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.

Transfer between funds

The transfer of funds from Core20+5 Befriending & Volunteer Project and Warm Spaces to unrestricted community funds represents projects that came to an end before the total income could be utilised. This income is still intended to be put towards community projects in the upcoming year and will be funded by Royds Community Association until additional support and funding can be found.

21. RELATED PARTY DISCLOSURES

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 £15,166 (2025 - £8,332).

Gift aid donations received were £32,000 (2025 - £nil).

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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