Docusign Envélope ID.. 81 CD3A5(kBF8D4E93-9BF&28847A41100C Draft Financlal Statements at 06 February 2026 at 10=07.55 Charity registration number 1069483 (England and Wales) DOUGLAS VALLEYCOMMUNITY LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Do¢vsign Envelope ID: 81CD3A50-8F8D4E9>98F&2B847M1100C Draft Financial Slatements at 06 February 2026 at 10:07".55 DOUGLAS VALLEY COMMUNITY LIMITED LEGALAND ADMINISTRATIVE INFORMATION Trustees J Moodie M P Honor F B Vvalker C Ready D Rainford L Hunt J Sharratt M G Callaghan (Appolnted 20 September 2024) Charity number (England and Wales) 1069483 Independent examlner Cowgills Limited 1 st Fl¢Jor Waterside House Waterside Drive Mgan Lancashire WN3 5AZ
DocJJsign Envelope ID.. 81CD3A5CkBF8D4E93-9BFC-2B847A41100C Draft Financial Statements at 06 February 2026 at 10:07:55 DOUGLAS VALLEY COMMUNITY LIMITED CONTENTS Page Trustees report Independent examiners report Statement of financial activities Balance sheet Notes to the financial statements 6-14
Docusign Envelop& ID: 81CD3A5(kBF8D4E93_9BF&2B847A41100C Draft Flnanclal Statements at 06 February 2026 at 10:07-.55 DOUGLAS VALLEY COMMUNITY LIMITED TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the financial statements and comply with the charity's goveming document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charilies preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" The Trustees are delighted lo report Douglas Valley Community remains in a sound financial pcsition and continues to provide safe and affordable community space for lo¢al people across the Borough of Wigan and Leigh. Douglas Valley Community currently has a portfolio of 8 Community Centres recruiting local voluntary Community groups lo run these wherever possible. other5 are run under direcl DVC managemenl. Douglas Valley Community provides 8UPPOrt for community groups which use these venues to ensure their success and sustainability. Douglas Valley Communty offers SUPPOrt. expertise and a(Ivice to other assets across the borough which have been Iransf8rred to communiiy group5 through Wgan Council's Communrty Asset Transfer Programm8. Such assets include community centres. chapels, bowling greens, allotments and playing fields. Objectives and actlvltles - Ongoing direct management of 3 community centres. - Ongoing Capital Funding Programme investing in community assets. Update Capacity Building & Training Programme to support community organisations in running and managing their community buildings suc¢essftJlly. Continue lo promole competltive room hire cosls to ensure groups have aCsS to affordable space to deliver community activities. Ongoing work alongside partners to generate exlwnal income for community centr8S to enGouiage )Inancial independence and sustainability. Continue to provlde business planning expertise for Community Assel Transfer. Continue to carry out Social Impact Reviews each yèar to ensure community buildings are well us&J and meeting the n8eds ollhe community. Continue to carry out Annual Building Diagnostics to ensure community buildings remain cornpliant and fit for purpose. - Conlinue to promote environmental awareness and improvements. Douglas Valley Truslees believe Community centres play a hugely important part in local communities. offering space and hosting a vast range of services, public events arKI activities all contributing to community life. Communlty Asset Transfer DVC continues to work in partnership with Wigan Coun¢il to provide independent advice and expertise on the Community Asset Transfer Slrategy. lo make besl use of Council-owned land and property, and to support community and voluntary seclor organisations (VCFSE} as an essential partner for local people and communities, Wigan Council has a portfolio of G. 130 PTopertieslsites across the Borough which are used primarily by third parties for Community activities, These assets include a variety of buildings, including community cenlres and herilage assets, as well as those found in parks and open spaces. such as cafés, visitor centres, pavllions, playing fields, and fisheries. Managed and used by voluntary and community organisats'ons, DVC continues to work with groups arKI organisalions once the leaseiCense is completed to ensur8 a sm¢Jolh transition. In addits'on. DVC conducts annual building and organisational diagnostic reviews to ensure asset transfers meet their business plan outcomes and to identify where support may be required.
DocLfSign Envelope ID.. 81 CD3A50.BF8D4E93_9BFC-28847A4111MIC Draft Financial Statements at 06 February 2026 at 10:07:55 DOUGLAS VALLEY COMMUNITY LIMITED TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Ourwlderwork Douglas Valley Community contlnues to work with a range of local partners and stakeholders from the public, private, and voluntsry sectors. Through these partnerships, V provide a range of support s&tvices to help community organisalions effectively govem and manage their community assets. The Chair and Trustees of Douglas Valley Community see a continuing and expanding role for the organisation and would like to thank the staff and volunleers for their hard work ensuring the great success achieved over the past 12 months. The Chair and Trustees also thank partners Wigan Council and Wgan Metropolitsn Development Company for their ongoing support of the Charity. structure, govgmance and management The charity is a company limited by guarantee. The Memorandum and Articles of Association are therefor8 Ils governing document. It was incorporated in March 1994. and the MemorarKlum and Articles were amended in March 1998 and February 2007. This document specifies e1ve trustees {four nominated by Wgan Council. four representing the private commercial sector of the borough of Wgan. and four representing the Gommunlty of the borough of Wigan). New Iwstees receive a general induction in the origins, role and slructures of the charity. as well as their role and responsibilities under charity law and regulations, and under company law. Tralning for individuals or groups of trustees is given, as required, on more detailed issues such as the structure and interptatIOn of the accounts and other technical issues. The board of trustees has elected a Chair. Vice-chair and Treasurer. The Board generally meets six times per year with an elected officers meeting in the altemate months. There are Currently six serving Trustees. The Charity is actively looking to appoint new trustees. The trustees vtho served during the year and up to the dale of signature of the financlal statements were: J Moodi8 M P Honor F B Walker C Ready D Rainford L Hunt J Sharratt M G Callaghan (Appointed 20 September 2024) The trustees report was approved by Ihe Board of Trustees. r,4 LJdL F B Walker Trustee 6 February 2026
Do¢usign Envelope ID.. 81CD3A5CBF8D4E934BF2BS47m1l0CC Draft Financial Statements at 06 February 2026 at 10:07:55 DOUGLAS VALLEY COMMUNITY LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DOUGLAS VALLEY COMMUNITY LIMITED report lo the trustees on my exanNnation of the financial stalements of Douglas Valley Communty Limrted (the charity) for the year ended 31 March 2025. Responslbllltles and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements In accordance with the requirements of the CharitiesAct 2011. I report in respect of my examination of the charitls financial statements carried out under section 145 of the Charities Act 2011. In carying Out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011. Independenl examlnefs statement Your attention is drawn to Ihe fact that the Charity has prepared the financial statements in a¢¢ordanc8 with the relevant version of the Statement of Recommended Practice applicable lo charities preparing their financial statements in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ir&land (FRS 102) in preference to the Accounting and Reporting by Charilies.. Statement of Recommended Pra¢ti¢e issued on I April 2005 which is referred lo in the extant regulations but has now been thdraWn. l understand that this has been donè in order for the financial ststements to provide a tru8 and fair view in accordance with UK Generally Accepted Ac¢ountlng Practice. I have completed my examinatlon. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. a¢¢ouniing records were not kepl in respect of the charity as required by section 130 of the Charilles Act 2011. the financial statements do not accord wth those records., or the financial statements do nol Comply with the applicable requirements conceming the form and content of financial statements set out in the Charlties {AcGounts and Reports} Regulalions 2008 other than any requirement that the financial slatemenls give a true and fair view, which is not a matter considered as part of an independent examlnation. I have no concerns and have Come across no other matters in connection th the examination to whlch attenllon should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Cowgllls Llmlted 1st Floor Waterside Hous8 Waterside Drive Wigan Lancashire WN3 5AZ 6 February 2026
Docusign Envelope ID: 81CD3A5(hBF8D4E9>9BF&2B847A41100C Draft Financial Statements at 06 February 2026 at 10-07.55 DOUGLAS VALLEY COMMUNITY LIMITED STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds 2025 202S Total Unrestricted Restrlcted funds funds 2024 2024 Total 2025 2024 Notes Incoffte from: Donations and legacies Charitable activities Investments 32,500 83.20S 5,673 32,500 83.205 5.673 40,475 74,580 3.377 40,475 74,580 3,377 Total Income 121,378 121,378 118,432 118,432 ExpendItU on: Raising funds Charitable activities 70,874 63.134 10.397 81,271 63.134 74,777 51,447 45,417 120.194 51.447 Total expendlture 134,008 10,397 144,405 126,224 45,417 171.641 Net expenditure (12,630) {10.397) (23,027) (7.792) 145,417) (53,209) Other recognised galng and losses: Revaluation of tangible fixed assets 135.000 135,000 Net movement In funds 112,630) (10,397) (23,027) 127,208 {45,4171 81,791 ReconeiliatioTh of funds: Fund balances at 1 April 2024 621,549 27,981 649.530 494,341 73,398 567,739 Fund balances at 31 March 2025 608,919 17,584 626.503 621,549 27,981 649,530
Docu5Tgn Envelope 10.. 81CD3A5(kBF8D4E9BF&2B847A41loDc Draft Financial Statements at 08 February 2026 at 10:07:55 DOUGLAS VALLEY COMMUNITY LIMITED BALANCE SHEET ASAT31 MARCH 2025 2025 2D24 Notes Flxed assets Tangible assets 10 348.815 372,334 Current assets Debtors Cash at bank and in h8nd 11 10.237 280,011 6,771 276,233 290,248 283,004 Creditors: amounts falllng due wlthin on8 year 12 (12,560) (5,808) Net current assets 277,688 277,196 Total assets less current liabllltles 626,503 649,530 The funds of the ¢harlty Restricted income funds Unrestri¢ted funds 13 14 17,584 608.919 27,981 621.549 626,503 849.530 The financlal statements were approved by the trustees on 6 February 2026 F B Walker Trustee
Do¢usign Envelope ID: 81eD3AF8D4E9&9BF2B847A41l(X Draft Financial Statements at 06 February 2026 at 10:07:55 DOUGLAS VALLEY COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcSes 1.1 Accountlng convention The financial statements have been prepared in accordance with thè charitws goveming document, the Charities Act 2011. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Statemenl of Recommended Practice applicable to chaTities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" The charity is a Public Benefit Enlity as defined by FRS 102. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 ralher than the version of the Statement of Recommended Practice which is referred to in the Regulati¢XS but which has since been withdrawn. The financial slalements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to Ihe nearest £. The financial statements have been prepared under the historical tost convention. Imodified to include the revaluation of freehold properties and to indude inveslment properties and certain financial instruments at fair valuel. The principal accounting policies adopted are set out below. 1.2 Going concern Al the time of approving the financial statements, the truslees have a reasonable expectation that the charity has adequate resources to continue in operalional existence for the foreseeable future. Thus the trustees conlinue to adopt the going concem basis of accounting in preparing the financi81 slatemenls. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charilable objectives. Restricted funds are subject to specific condltions by donors or grantors as to how they may be used. The purposes and uses of the restrlcted funds are sel out in the notes to the financlal statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity, 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met. the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance Conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending dEtFibution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Docusign Envelope ID.. 81CD3A50-BF8D4E93-JBFC-2B847A41100C Draft Financial Statsments at 06 February 2026 at 10:07:55 DOUGLAS VALLEY COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Contlnued) 1.5 Expenditure Expenditure is recognised ontr there is a legal or constructtve obligation to transfer economic benefit to a third party, it is probable that a Iransfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliaLty. Expenditure is classified by activity. The costs of each adivity are made up of Ihe totsl of dir1 costs and shared costs, including support costs involved in undertaking each activity- Direct costs atlrlbutaÈ to a single activity are allocated directly to that activity- Shared costs which contribute to more than one a¢tivily and support costs which are not attributable lo a single activty arè apportioned betsveen those activitEs on a basis consist6nt with the use of iesourc&s. Central slaff costs are alltxated on the basis of time spent, and depreciation charges are allocated on the portion of Ihe asset's use. 1.6 Tangible flxed assets Tangible ffxed assets are initially measured at cost and subsequently measured at cost or valuation. not of depreciation and any impairment108ses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over thelr useful lives on the followin9 bases.. Freehold prop8ty Long leasehold Plant and machinery Fixture6 and frttlngs Computer equipment 4% on cost 100h on cost 10% on cost 33.3% on cost The gain or loss arising on the disposal of an asset is determined 8$ the differen beeen the sale proce8ds and the carying value of the assel, and is recognised in the statement of financial activitie5. Properties (including improvements to property) are included at valuation. All remaining assels are included al cost. Freehold property has not been depreciated on the basis that the depreciation charge would be immaterial to the financial statements and the freehold property is revalued on a gUlar basis. 1.7 Impaimient of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to detemlne whether Ihere is any indication that those assets have suffered an impairment loss. If any such indicalion exists, the recoverable amount of the asset is estlmated in order to determine the extent of the Impaimient loss (if any). 1.8 Cash and cash equlvalents Cash and cash equivalents include ca3h in hand, deposits held at call with banks. other short-term liquid investments with original maturities of three months or16ss, and bank overdraft$. Bank overdTafts are shown within borrowings in current liabilities.
Docusign Envelope10.' 81cD3A50-BF8D4E93-98F&2B847A411c Draft Financial Statements at 06 February 2028 at 10:07:55 DOUGLAS VALLEY COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Continuedl 1.9 Flnanclal Instruments The ¢harity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'other Financial Inslruments Issues, of FRS 102 lo all of its financial inslruments. Financial instruments are recognised in the charitys balance sheet when the charity becomes paty to the contractual provisions of the insliument. Financial assets and liabilities are offset, wilh the net amounts presented in the financial statements, when there is a legally enforceable right lo set off the recognised amounts and there is an intention to settle on a nel basis or lo realise the assel and setue the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances. are Initially measured at transaction pri including transaction costs and are subsequently carried at amortised cost using the effèctive interest method unless Ihe arrangement constitutes a financing Iransaclion, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as rec8ivable within one year are not amortised. Baslc flnanclal liabllltles Basic financial liabilities. includlng creditors and bank loans are initially recognlsed at transaction price unles5 the arrangement constitutes a financing transaction, where the debl instrument is measured at the present value of the future paymen15 discounted al a market rate of interest. Financial liabilities classlfled as payable within one year are not amortised. Oebl instruments are subsequently carried al amortised cost. using the effective interest rate method. Tiade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilitie5 if paymont is due within one year or less. If not, they are Presented as non-current liabilities. Trad8 creditors are recognised initially at transaction price and subsequenlly measured at amorbsed cost using the effective interest method. Derecognition ol flnanclal Ilablllties Financial liabilities are derecognised when the charity's contraclual obligations expire or are discharged or cancelled. 1.10 Employae beneflts The cost of any unused holiday entitlement Is recognised in Ihe period in which the employee's Se1¢e$ are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee 01 to provide temination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Docusign Envelope ID.. 8lcD3A5F8D4E9VJBF&2B847A41loOc Draft Flnancial Statements at 06 February 2026 at 10'.07'.55 DOUGLAS VALLEY COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Crttlcal accounting estlmates and judgements In the appli¢alion of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of asseis 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 ests'mates. 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 where the revision affects cnly that period. or in the perlod of the revision and future periods where the revision affects both current and future periods. Income from donatlons and legacies Unrestrictad Unrestrlcted funds funds 2025 2024 Grants 32,500 40,475 Income from charltsble actlvltles Unrestrlcted Unrestricted funds funds 2025 2024 Income Room hire Miscellaneous income (including cafe) 51,077 32,128 65.306 9,274 83,205 74,580 Income from investm8nts Unrestrictod Unrostrlctgd funds funds 2025 2024 Deposil 8c¢ount interest 5,673 3,377
Docusign EnveEopè ID.. 81CO3A5F8O4E934BFC-2B847A41loOc Draft Financial Statements at 06 February 2026 at 10:07:55 DOUGLAS VALLEY COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on ralslng funds Unrestrlcted Restricted funds funds 2025 2025 Total Unrestrlcted Restricted funds funds 2024 2024 Totsl 2025 2024 Fundralslng and publlclty Staff costs Compuler Costs Telephone Postage and station8ry General expenses Bad debt provision Accountancy fees Depr8¢lation Subscriptions & donations 42,930 2,059 523 815 2,059 360 1,605 20,523 42,930 2,059 523 815 2,059 360 1,605 23.520 7.400 41,394 2,789 502 399 1,599 3.360 1,713 20,521 2,500 41,394 2.789 502 399 1,599 3,360 1,713 23.518 44,920 2,997 7.400 2,997 42,420 70,874 10,397 81.271 74,777 45,417 120,194 Expenditure on charitable a¢tivltles 2025 2024 Dlrect costs Staff costs Rates and water Repairs and maintenance Light and heat Telephone Other building costs Sundry expenses 9,994 11,331 20,781 13,166 3,014 1,424 3,444 9,011 10,852 16,600 9.070 3,039 1,450 1,425 63.134 51,447 Analysls by fund unstrICted funds 63,134 51,447 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefils from Ihe charity during the year. 10-
Docusign Envelope ID.. 81cD3A5O-BF8D4E9BFC-2Be47A41lOoc Draft Financial Statements at 06 February 2026 at 10:07:55 DOUGLAS VALLEY COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Employees The average monthly number of employees during th8 year was.. 2025 Number 2024 Number Managed cenlres Management Total There were no employees whose annwal remuneration was mofe than £60.000. 11
Docusyjn Envelope ID.. 8lCD3A5MF8D4E9BFc-2B847A4ll 7J
Doujsign Envelope ID.. 81 cD3A5BF8D4E9BFC-2B847A411ooc Draft Financial Statements at 06 February 2026 at 10:07:55 DOUGLAS VALLEY COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Debtors 2025 2024 Amounts falling due vdthln one year: Trade debtors 10,237 6,771 12 Credltors: amounts falllng due within one year 2025 2024 other creditors Accruals and deferred income 12,560 5.808 12.560 5,808 13 Restrlcted funds The reslrlcted funds of the charity comprise the unexpended balances of donalions and grants held on Irust subject lo specific conditions by domr5 as to how they may be used. At 1 April Resources At 31 March 2024 expended 2025 27,981 (10,397> 17,584 Prevlous year: At 1 April Resources At 31 March 2023 gxpended 2024 73,398 (45,417) 27,981 14 Unreytrlcted funds The unrestricted funds of the charity comprise the Lnexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 Aprll 2024 Incoming Resour¢es At 31 March resources expended 2025 General fvnds Revaluation reserve 486,549 135.000 121,378 (134,008) 473,919 135,000 13-
Docusign Envebpe10: 81cD3A5fF8D4E9>9BF&2B847A4jlo0c Draft Financlal Statements at 06 February 2026 at 10".07:55 DOUGLAS VALLEY COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Unrestricted funds {Contlnuedl Prevlous year: At 1 April 2023 Incoming resources Resources At 31 MarGh expended 2024 General funds Revaluation reserve 494.341 118,432 {126,224) 486,549 135,000 14-