Company Registration Number- 04303404 The Charity Registration Number is 1090877 The Courthouse Project (Otley) Limited Report and Accounts 31 March 2025
The Courthouse Project (Otley) Limited Report and accounts for the year ended 31 March 2025 Contents Page Charlty Informatlon Trustees. Annual Report Statement of dlrector4' responslbllltl?• Independent Examlner'8 Report 10 12 Funds Statgmonts.". statement of Flnancial Actlvitles 14 statement of Flnanclal Actlvlt185 - Prlor Year slatem8nt 15 Movements In funds Rèv8nu8 Funds 16 Flxed Asset funds Income and Expendltur8 account Summary of funds 18 17 Balance sheet 19 Note8 to the accounts 20
The Courthouse Project iotleyl Limited Company Registration Number- 04303404 Trustees, Annual Report for the year ended 31 March 2025 The Trustees prtrsent thelr Report and Accounts for th& year ènded 31 Mar¢h 2025, thich also comprisès the DIrarS, Report required by the Companies Act 2006. Reference and admlnlstratlve detalls Tho charlty nama. The legal name ol the charity is.'- The Courthouse Project lotleyl Limited The charlty is al80 kno by Ils operallng namas, Otley Courthouse Arts and Resources Centra and Otlay Courthouse. The charlty's arnas opgratlon and UK cherltabl• rwlstratlon. The charlty reg181ered In England & W&le8 wblh the Charfly CommlBBSon In England & WaleB ICCEWI th charlty number 1090877 Leqal •tru¢turn ol the ¢harfty The governlng document of the charlly18 the Mernorandum and Artlcles of As80clallon eslab118hlng the company under company leg18181I0n. The Govemlno Document Is dated 2 March 2023. By operation ol law, all trustees are dlrectors under the Companles Act 2006 and all dlrectors are Iruslee8 under Chorltles leglslallon and have re8ponBlbllllle8, a8 8uch, under both cornpany and charbly leglBlallon. Th8 trustees are all Indlvldual9. Th• prlnclpal operatlnq addreBB, l•l•phon• number, •mall and w•b addr•s8•• of th• charlty are:. otley Courthou8e Courthou80 Street, Olley LS213AN Telephone 01943 467216 Emall addreBB dlrector@olleycourthouse.org.uk Web.. hltp'.Ilolleycourlhouse.org.uk The reglslered office ol the charity lor Companles Act purp088818 the Same 88 the operating addreBS shown above.
The Courthouse Project iotleyl Limited Company Registration Number- 04303404 Trustees, Annual Report for the year ended 31 March 2025 The Trustees In offl¢e on the date the report was approved were:. Lee Wellbrook Chalr Petei Earfe- Vice-chair Gill Leggat- Company Secretary Keith Seymour Pam Lamming Steve Baskerville Lesley Fidler The following persons $•ryed a$ Trustees during the y•ar ended 31 Mar¢h 2025 :. The trustees who served as a Iru81ee In the reportlng perfod Lee Wellbrook Chalr Peter Earfe VSce.chair Glll Leggal- Company Secretary Kèlth Sèymour Parn Lammlng Slevtr B88kervllla Lesley Fldler Davld Rob80n - Re8lgned 1911112024 Hazel Costello. Resigned 1911112024 Pelle Langll- Re81gned 1010712025 Al the Annual General Meellng three trustees wlll rellre as Iruslees, bul are ellolble lor reappolnlmenl. I the trustees are also members ol the chatlly. Objects and actlvltles of the charlty The purpose¥ ofthe charlty a¥ set out In Its qovernlnq document. The company18 regIsled as a ¢harltable ¢ompany Ilmlted by gu&r8nltre and was sel up by a Mtrmorandum of As$oclatlon on 12 October 2001. The Charlly's objects I'the Objec161 as sel out in the Mernorandurn ol Assoclalion conllnue lo be lo promote the benellt ol the Inhabllanls of Olley and $urroundlno ar&8 Ihtrrelnglltrr ¢alled 'lhe 8rea of benefll") thout d1511n¢llon ol Sex, sexual orienlalion, dlsablllly, race or ol pollllcal, religious or other opinlons, by associating together the said Inhabllanls and voluntary and other organlsallons a ¢ommon effort lo advance educallon and lo provlde facllllle8 In the Inleies18 018oclal wtrllartr lor rtrcreallon ond other lelsure.Ilm8 occupallon vllh the object ol Improvlng the condlllon8 of Ilfe lor the sald Inhabllanls.
The Courthouse Project iotleyl Limited Company Registration Number- 04303404 Trustees, Annual Report for the year ended 31 March 2025 The main actlvities undertaken In relatlon to those purposes durlng the year. The prlnclpal actlvity ol the company duilng the year was to provlde an arts and rèsour e&nI foi Otley. The year from April 2024 to March 2025 was the twenty.lirsl year ol the Courthouse's existence as an operating Arts and Resource eenlie. staffing The 8taffing p08111on a5 al the lime ol Ihl8 report wa8 a8 follows... 2 x Centre DSreclor8 liob share- 1.2 FfEI 1 x Marketing Specialist 1 x Volunteer Co-ordinator lx Finance Offlcer 1 x Programrner In addition, we have o rolallng group of thnlean$, bar & café $laff and cloanors Board and Bubcommittee meellng8 lake place every two month8, apart Irom FSnance and Staffing Bubcommlttee8 whlch are monthly. The flnon¢lo1 and operatlonal respon81bllllleg of each $ub¢ornmlllee are VI9w&d ro9ulat1y. Programme of Work We compelecl two full preoramme8 of even18 Ihrouohoul the year, th an Increa81no number ol Ih08e 8elllno out. Mu8lcally our prooramme con81gled of Cl8881cal Mu8lc118 evenlgl, Folk Mu81¢1251, Pop, Rock & J02z1141. We ¢onllnued lo draw arllsls ol national ren0, particularly for a smaller venue- Kathryn Roberts & Sean Lakernan, Ellza Carthy, The Sandy Denny Prolecl, Marl( Radcllffe & Davld Boardman, Tho Jo8hua Burnell 8and, The Alblon Chrl8lma8 8and, Martyn J08eph and MortSn Slmpson. Fllm remalns a maSnstay ol our programmlng th 64 111rn screenlngs (from art-house lo malnstrearnl In November we ran our annual lull week 0117 Sclence acllvllle8- the 16th Olley Sclence Fe8llval 8upplernenled by 3 SclerKe Cafes throuohoul thg year. The Courthouse conllnued to brbng nallonally known comlc8 to Otley- th a lolal of 6 Comedy gSgB lealurlng the Ilke& of Mark Thom09 and Alfle Moore. Our monthly De$lgner Craft F8lr8 were well 8upporled. Many ol our trvenlng8 provlde vllal $pa¢e for 8 range of Ioc81 partlclpalory art8 aellvllle8 and ho8led weekly Bra88 Band rehear8als and 4.a.week Dance classes. We look part In, supported, and hosted varlous fesllvals throughout the year, Includlng Otley Sclence Fesllval, Olley Wlldllfe Art Fesllv81, Olley Green F8lr and Hedlage Open Days. The Prlnce Henry School Band Nlghl was, as ever, a high energy evenlng. Our m¢nlhly arl exhlblllonB conllnue and are well recelved.
The Courthouse Project iotleyl Limited Company Registration Number- 04303404 Trustees, Annual Report for the year ended 31 March 2025 Room hlre Tenants There have been some changes in occupants in our rented spaces, but, al the lime of llIng, all 12 rooms are fully lenanled. Weekly room hlre5 A wde range ol activities is supported by our room hire provision. As well as the music, choir and dance activities outlined above we also provide space lor Chalr 8a5ed Yoga, Mind & Body, Singing for the Brain, Foo11005e Dance, Ballroom with PSng Liem, Pilale5, Ladies Exercise, Courthouse Choir, Inspirats'ons Dance Ivarious dance styles for kids teens), Otley Brass Band, Tai Chi, Zumba Id, ChSppendale Singer8, Olley Wrller8, Rhythm Tirne, Crochet, PSC N Knits, InspSralion8 Darice Drama Class, and Olley Quaker8. Wg have ¢ontinu8d to lrnprov8 our facili@8. The c810 1$ open for r8oul8r hours and a new coffoe machlne h88 been in818118d. Follong a failure ol the rnain boiler, and a180 the fire alarm panel, both have been replaced and upgraded lo newer models. We are worklno wllh Ilkley IT on a proorarnmo lo revlew and upgrade our IT servicès to onsure that they are robust enough to do01 th the increasing dernand ol an expanding audience. We had a lire inspection in 2025, which, apart from a few recommendations Iwhlch wè are In tho proce9$ of Implorn6ntlngl, uavfj us a ¢l&an blll ol hoalth. Follon a suc¢esslul ¢rowdlunder campalgn In Autumn 2024, we are in the process of replacino the chalrs in the audilorlum with newer, Ilghler chalr8. We have In81alled a Shower and lollel n the Roblng Roorn Iwhlch doubl88 as a green room for vI8111ng perfoimer81. Tho maln actlvttle8 undertaken durlng the year to further the charlty 8 purpo80 for the publlc beneflL The tru8lee8 have had reoard lo the Charlly Comm5881on'8 guldance on publlc benelll In managlng the 8¢1Svllle8 of the charlty. The charlty Usually operates lo benefit the inhabllanls of Otley and surrounding area, unlllng Indlviduals and voluntary sector organ18allon8 In a cornmon effort lo advance educallon and lo provlde lacilllleB In the Inleresl8 lor recreallon and other leisure-ttme occupallon th the object of Improvlng the condltlons ol Ille and oivlng access lo all aspects of the arts, In partlcular bul not gxcIu8lvely v18ual arts, muslc, theatre, fllrn, dance and Ilteroture. Th• •hort t•rn7 and longer tern? alm8 and obJ•ctlve•. Our CUent lease Is now 4 years away from118 end dale so we are negollallng wllh Leed6 Clly Councll on 8 new leaBellea8e exlenslon. Our alm 1$ lo have a lease ol al ltrasl 20 year8 durallon In place In the ntrar lulure. We were unable lo source the funding for the major extenslon lo the rear of the Courthouse and Ihe8e bulldlngB have now been sold. However, the foyer exlenslon parl of the trxlenslon Is $1111 vlable and wtr are appIng for grants lo complete Ihls wrrk. The foyer exlenslon 11 include a public space for Otley Museum lo display some ol their arlefacls they have not had a publicly available dlsplay for sotlle years. We are plannlng a major audllodurn refresh. In addlllon lo the new chalrs, we are seeklng grants that 11 enable us lo replace the manually-erecled r8ked seallng wlh eleclronlcally-conlrolled raked seallng., upgrade the lighting,. and upgrade the sound 8yslern. We are worklng through the building audlt that was undertaken a few years ago. All the urgent actions have now been cornpleled, 80 we 11 now be looklng al how lo address the larger, more costly acllons le.g. roof refurblshmenl, repalr of the bell lower). We wdll continue lo review our audience reach and our audience demographic and identify means to widen our appeal. We 11 contlnue lo review land adapt, thre neeessaryl our position wthin the wider arts communlty.
The Courthouse Project iotleyl Limited Company Registration Number- 04303404 Trustees, Annual Report for the year ended 31 March 2025 The ¢harlty $ $trategles for aehlevlng fts alm$ and objectfve$ In the future. We continued lo Krrk wlh Arkle Boyce larchileclsl to develop our arnbilions lor an extension lo the foyer. We have oslablished conlacl8 wlh Lefjds City Qouncll'5 Asset department for the lease negotiations. We have signed up lo an audience survey service which will help with identifying and segmenting our eurrenl audience. We have Iiialled uslng a con8ullanoy company lo 8s5181 wlh idenlbty'ng grant provider5 and with submbtting grant applbcallons. The trial results are currently being reviewed. The contrlbutlon ofvolunteers durlnq the yoar. We welcorned Josephlne Leung as our new Volunteer Co-ordlnalor land also thank onfj of our trustees, Pam Larnmlng, lor underlaklng the role for a nurnber of months until we gol J08ephine in posll. Currently the Courthouse has 95 volunteers on the books and over half ol these are vory active and regularfy volunteer fraeh month. So lar this year volunteers have completed 48,250 hour8 01 work for the Courthouse equivalent lo 25 FTES. Thls includes receptlon and box offlce hours, Café, event stewards, house rnanagers and students tho volunteer here as parl of thelr Duke ol Edinburgh awards. Wo also havtr volunlfjer$ wh¢ ar0 Port of several committ008 holp or9onlse tho varlou$1orger even18 we hold throughout the year. Th• maln a¢hl•v•m•nts and porforman ofthe ¢harlty durlng the y•ar. Durlno the year the Income of the Charlly wa8 d18bur8trd a8 shown on Ihtr att8cheiJ Slalemenl ol Flnanclal Acllvllle8. Tralnlng Durbng the report pedod, we have run House Managbng Trabnlng, Calé Tralnbng, Box Office Tralnbng and FSr81 Abd Tralnlno whlch ha8 ncluded our volunteers. We have also run Irainlng on the new Ilre alarm system for our House Managers. Audlence Development We kept In regulèr touch th our audSence members Ihrouoh programmlno, goclAI medla and n•ws update8. We olso run a Frlend$ Scheme whlch18 malnlalnlng 116 level ol membershlp. AS noted above, we conllnue to revlew our oudlgnce 8pread and demographlc to ensure that reach 88 de ond dlvgr89 a populallon as POBBlble.
The Courthouse Project iotleyl Limited Company Registration Number- 04303404 Trustees, Annual Report for the year ended 31 March 2025 Economic Out uts Local lundral$lng Our monthly Craft fair, and regular Movie Matinee and Lunchtime Recital programme continues- all very Successfully. Other regular events Snclude the Plant 51all in May, the Carnival stall in June, the Buttercr088 Stall in October and the Chiislma8 Raffle. Ml were successful in spite of variable weather for the events held outside. There are also a variety of extra film events and talks put on Ihiough the year. Second hand book sales are steady and we continue lo receive a 8upply ol book8 from volunteers and publbc. The Fundraising group is very grateful for the 8UPPOrt from volunteers for all local fundraislno actlvities. By the year end had had raised a total of £2480. Fund•rB Cultural ProgrammeB al Leed8 CSty Council . £15,000 Icore Fundbngl Leeds Clvlc Trust £170 (Herltage Open Days) Otley Tow) Partnershlp- £3,000 Isclènce Fè$llvall Olley MICE Money £500 (Science Feslivall 011oy Town Coun¢ll - £400 IHollday Work$hop81 National Lollery Cornrnunily Fund £20,000 Ivolunleer Coordlnalor & Tralnlno for Volunteer81 Po$1 Codo Lottery - £70,000 (Coro Fundlng, ol whl¢h £2,500 was used In th18 flnanclal year lor In¢re88ed markellny effort and £3,600 lor ou180urclng grant applicallonsl Grant maklng polleles and how th•80 eontrlbutod to th• aehl•v•m•nt of th• eharlty¥ alms and obltIv•S durlng the year. The Courthouse Prolecl10118yI doe8 not make oran18 lo other organlBallon8. Structure, governancè and management ofthe charlty Th• m•thod8 U8•d to r•¢rult and appolnt n•w ¢harlty tru•t•••. Tru8tee8 ore appolnled by the exlstlng board members. O¢c8slonal recrullmenl takes place lo Idenllfy people are llIng lo tsnd for election as Dlreclors, and can contribute lo the Courthou8e. The pollcles •ndpmcedure8 for the Inductlon and tralnlnq of tru8te•s. New and polenllal Tru8lee8 are Ilr81 Invlled lo become lamlllar wllh the Courthouse In d8y-Io-day operallon and then lo observe a Board meeting. Once appointed, new Trustees are given an introduction pack thich includes a history ol the project,. airns and obleclives,. equality and diversity, safeguarding, and other policy docurnen18. Where approprlale and requested, they are a150 glven comprehenslve Irainlng lo enable them lo act as a 'house rnanager, whlch Includes hands on Iralnlng, all aspects of health and Balely and securlly, 5hadowng opporlunilies and Itten handouts. Where relevant, Trustee5 rnernber5 are also subject lo DBS checkB. The charity's organisational strucluro. Thls was establlshed in 2014 and ramolns the eurrenl bas18 of organlsatlon.
The Courthouse Project iotleyl Limited Company Registration Number- 04303404 Trustees, Annual Report for the year ended 31 March 2025 Otley Courthouse Organisational Structure - March 2024 Management Board (Centre Director and Trustees) Finance Inc Funding & Operations (Buildin85 + Health & Safet Pro8rarnminÉ Herlta8e Staffing MÈrk•tihi Policies FundraSsln Flnanee worker ?roKrammer marketn8 Work¢r Centre Director Cafe Stafl Cleanln Staff Te¢hnlc¥l Staff VoluAi•r idlnaior Bar Staff Volunt••r5- Cil•, R•c•piion. Mhn4B•rn, St•wird& H•ilEl81, Lccil FundrAl8lnii Scl•nci, Tpch. R•pilis, Ocvriiin& Publlcllv .Laura Barker-Bey .Abl Jame$ olunteer Coordl alor •JoBephlne Leung Th• ¢harlty a8 a part of a wld•r n•lwork. The bulldlng Is leased from Leed8 City Counell undèr a 25 year lease al nll considerallon. The lea8e explrès In 2029 and nèoellalSon9 are underway lo exlendlrenew the lease. The Courthouse Prolecl have Korked closely th, and acknowedge the past ond present osslslance ol, Leeds Clly Councll, Arts Councll Englaiid Yorkshlre and Otley fown Councll. The Courthous81s a key client of Leeds Clty Councll Culture Programme8, the councll's arts department. The organlsallon has an excellent relationship wlh Otley Town Council. We are members of the Music Venues Trust which conlinueB lo be a prirne Bource ol $upport and guidan¢8.
The Courthouse Project iotleyl Limited Company Registration Number- 04303404 Trustees, Annual Report for the year ended 31 March 2025 The tru$tsé$'bank and advlsors 8•nker Co-operative Bank The Charity Bank Ltd Flnanclal revlew Investment perfomiance agalnst the Investment obJectlv•s. The Courthouse Prglect Iotleyl does ngt Invest Its funds. Th• ¢harlty'• flnanclal posltlon at thg end of th• y•ar end•d 31 Mar¢h 2025 The financlal position ol the charlty at 31 March 2025 and comparatlve6 lor the prlor perlod, a8 more fully detalled In the account6, can be $ummarls¢d a8 lollow8'.- 2026 2024 N•t Exp•ndltur• 124,0541 132,8e91 Unreslricled Rovonuo Funds avollablo for th ganeral purp0808 of the charlty De&lgnaled Flxed Aajet Fund 19,804 33,433 141,218 161.022 151.842 186.076 R•8trlct•d fund• Ra8trlctad FIX A$&•l Fund$ Tot•1 Re*lrt¢ted Fund• 22,716 22,716 22716 Totsl Fund• 183738 Flnan¢lal r•vl•w orth• po$ltlon at th• r•portlng dat•, 31 Mar¢h 2025. The tru81ee5 consider the flnanclal performance by the charlly durlng the year lo have been 8all8fa¢lory. The Charlly18 conllnulnu lo lake the follon 81ep8 lo further Improve performance:. 1.Working hard lo malnlain, or reduce, all 8pendlng largel8. 2.Workino hard lo Increase the organlsallon's income through room hlre, box offlce ond bar ond cale sales lo enable the erganisation to rnake realistic transfers to reserves on an Bnnu81 basis. 3,Exploring new p08slbllilles for Income generallon Including new way8 of uslng Space wlhln The Courthouse whSch meet our charitable aims. 4.Idenlifying new grant providers lo a551sI th facilities improvement and bullding enhancernenl projects. 5.Extendino the use of our new 8ox Office system to improve our marketlng, lundralslng and audience reach. 6.Working wlh all identified parties, and with all CourlhouBe users land potential users) lo progress our development plans. 7.Devlglng 8nd Implgmentlng slrategles lo grow audlences reach and spread.
The Courthouse Project iotleyl Limited Company Registration Number- 04303404 Trustees, Annual Report for the year ended 31 March 2025 Poll¢los on re$erve$. The Courthouse's policy is lo enable il to build and maintain sufficient capital reserves lo provide cover lor the inevitable Iluclualions n revenue Income, thus ensuiing continuity in the piov15ion of the Centie'5 seivice5 and, In Ilne wth Art8 Gouncil England recommendations and the practice of other arts and community organisations, lo aim to have £60,000 in reserves thich represents SIX month's spending. The tree unre81rlcled re8erve8 8131 $1 March 2025 were £19,804 Al March 2024 the Ilgure was £33,433 Avallablllty and adequacy ofa¥sets of each of the funds The board of Iruslees18 8allslled that the ¢harlVs o$sel$ In each fund are avallable and adequate to lulfil Ils obligatlons In re8P8et ol each fund. Rl•k• and un¢•rtalntl•• faclng th• ¢harlty The Courthouse Project has oporaled Ihrouohoul lo mlnlmI8e r18k8, Ilnanclal and olhotWge, and ha8 al all Ilme8 taken advl(x from experts In the relevant field. A cornprehenslve financial syslern 1 8aleguards has been eslabllshed, and the organlsalion, flnan¢68 are monltor&d agalnsl laruÈls on a monthly ba81s 8nd any noctrssary ¢hange$ and 8dlustm6nl$ made lo ènsur6 the organisalion's financlal security. All areas of the bullding have been subject lo risk assessments and the necessary steps taken lo rnlnlrnlze dsks IdenlS118d. The bulldlng has fully alarmed flre and 8e¢urlty 8y$lem8, whlch arfj remote monllored by ESS. Th$ organisalion recognizes and accepts the vulnerabililles ol some volunteers and has support, Iralning and clear syslerns in place, lo angure that any rlsks are mlnlm8llsed and over8oen by pald 81aff. Due lo our IncreaBlno rellance on out IT 8yslem8, we have entered In to 8 servlce contract th a local IT Bervlce orgarilBallon 80 that our IT support Is on a more prolesslonal loollng. 11 conllnues to be expected that all Courthous8 acllvltles are clearly seen as the responslblllty of a 8pecllled 8ub-commlltee. Fbnanclal delegalbon ha8 al80 been revlewed and 1SnanGSal delegalbon to Bub-commltteeB IB clearly framed by our annual budget. Our most Immedlate uncertalnlles are'.- 1.The negollallons over the lea8e th Leed8 Clly Councll- negollalSonB are under way and Beem POBlllve bul are yel lo be completed, 2.CornpelllSon for audlence 8hare, room hbre and lenencl88 from other Blmllar art8 organlBallon8 both thIn Olley and trom nearby locatlons. Sustalnablllty The Courthouse Project is continually reVIeng ils procedures lo ensure that energy consumpllon and waste producllon are kept lo 8 mlnlmum, and local resourclng of good8 and 8ervlces1s carded out whenever p0881ble. Plan8 For the Futurn Summary of plans for the future an(1 the trustees. per8p•etlve of the future dlrectlon of the charlty. The Trustees, plans lor the next year will continue lo be focused on onabllng the organlsation to survive and thrive al a lime ol economic uncertaSnly and lo prepare prudently lor the effects of local government cuts. Measure5 I11 include careful budgeting and financial monitoring, trimmlng any unnecessary spending and Increased marketlng of the evenlng programme, KrkShop actlvltles and room hlre. However, we will look lo invest in certain areas (new IT servbces, improved auditorium facllilles, Increased marketing hours) whère we seè that a longor term bonalil 11 arlso. We ère an equal opwrtunity organlsatlon and are commltted to a working envlronment that Is free from Any form ol disttlmlnatlon on the grounds ol colour, race, elhnicily, religion, sex, sexual orienlalion or disability. We wll make reasonable adjuslmenls lo meet the nèeds of staff Arè, or bècomè, dl$abled.
The Courthouse Project iotleyl Limited Company Registration Number- 04303404 Trustees, Annual Report for the year ended 31 March 2025 Equal opportunltes and employment of dlsabled persons We are an equal opportunity organisalion and are committed lo a working environment that is free from any form ol discrimination on the giound8 01 colour, race, olhniclly, religion, 58X, 8exual orfenlallon or di8abS1ity. We will make reasonable adluslmen15 to meet the needs of staff tho are, or become, disabled. Detalls of The Independent Examlner Rob Woolley FCCA,CTA Chartered CertS1Sed Accountant Crown House York Road Shlptontrorpe Y043 3PF 8tat•m•nt of the Dlrn¢tors' and Trust••s' Re$pon$lbllltl•s The choilly'$ Irus108s aio re8ponslble for the preparallon ol th& a¢coun18 In accordance th the lermg ol the Companlos Act 2QO6, the Charllles Act 2011 and the Charilles (Accounts and Reports) Regulations 2008. Notwllhslandino the explidl requirement in the exlanl slaluloiy regulallon5,Ihe Charllles IAccounl$ and Report81 Regulallon8 2008, to prepare the flnanclal 51alernen18 In accordance with the SORP 2005, In view of the lacl that the SORP 2005 has been withdrawn, the Trustees delermlned lo Interpret th18 re5POll81blllly a8 requlilng them lo lollow current best pracllce and prepare the accoun18 8ccordlno lo the FRS 102 SORP (Statement ol Recommended Pracllce for Accounllng and Reportlng by Charltlesl 2019, IThe SORPI, In parucular, the CornpanleB Act 2006 and charlly law requlre the 8oard of Tru8lees lo prepare Ilnanclal slalemenl8 for each flnanclal year knthlch glve a true and falr vlew of the state ol affalrs of the charlty as at the gnd ol the flnanclal y&ar and ol the Surplu$ or defldl of the charlly. In preparlng IhoBe flnanclal 81alernenls the 8oard 18 requlred lo lo prepare the account8 In accordance th Unlled Kln9dom Generally Accepted Accounllng Practlce Iunlled Klngdom Accounllng Standard8 and appllcable lawl. 8ele¢l 8ullable a¢¢ounllny pollole8 and apply them ¢on$l8lenlly', make judgements and eslSmale5 that are rea80nable and prudent., prepare the financlal slalemenls on the golng concem ba81s unless11 58 Inapproprtale lo presurne that the charlly wlll continue In buslne88', slate whether applicable accounllng standards and slalemenls of recommended pracllce have been followed, sublecl lo any material departure8 d15closed and explalned In the flnanclal 81alomenl6', The law requires that the Iruslees must not approve the accounts unless they are satisfied that they give a true and fair view of the State ol affalrs of th¢ charlty and of the surplus or deflclt ol the eharfty for the year. The Trustèes are also responslble lor m8lntalnlng 8dequal& accountlng records whleh dlsclose wlth reasonable accuracy at any tlm8 the financial position ol the charity and lch are sufficient lo show and explain the charity's transactions and enable Ihern lo ensure that the Ilnanclal statements coThply th the Companles Act 2006 and ¢omply MAth regulallon5 made under Charldes Aet. They are also responsible for safeguarding the assets ol the charity and hence for taking reasonable steps for the prevention and dele¢llon of fraud and other IrregularS1I08. The Trustees are also responsible lor the contents of the Trustees, report, and the statutory responsibility of the Independent Examinei in relation lo the Trustees. report is lirniled lo exarninlng the report and ensuring that , on the lace of the report, there ale no material inconsistencies wth the figures disclosed in the financial slalemenls. 10
The Courthouse Project iotleyl Limited Company Registration Number- 04303404 Trustees, Annual Report for the year ended 31 March 2025 Method of prnparatlon ol a¢¢ount$- Small company provlslons The financlal slalemenl8 are Sel out on pages 14 10 35. The flnanclal slalemenls have been prepared Implementlng the FRS 102 SORP Islalernenl ol Recommended Practbce lor Accounting and Reporting by Chariliesl 2019, IThe SORPI, and in accordance wth the Financial Reporting Standard 102, leffeclive 151 January 20161 These financial slalements have been prepared In accordance th the provlslons in Part 15 01 the Companies Act 2008. applieable lo companSeB subject lo tre small companle5 regime. Th1$ report wa$ gpproved by the board ol tru$lefjg on 25 Novomber 2025. Peter Earfe DlreGtor and Tru$lee
The Courthouse Project (Otley) Limited Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 March 2025 I report to the Tnjslees on my examinallon of the financial statements of the charitable company on pages 14 10 35 for the year ended 31 March 2025 which have been prepared in accordance with the Charities Act 2011 {the Acll and with the Financial Reporting Standard 102, leffeclive 1 sl January 20161 as modified by FRS 102 SORP (Statement of Recommended Pra¢llce for Accounting and Reporting by Charlllesl 2019, {The SORP}, published by the Charity Commlsslon in England & Wales {CCEWI , and under the hlslortcal cost convenllon and the accounllng policies set out on page 20. Respectlve responslbllltles of the Trustees and the Independent Examlner and the basls of the report As deg¢rlbed on page 10, you, the ¢haritable company's Trugtees, who are algo the Dire¢tor$ of the Company for the purposes of Company law, are responslble for the preparation of the flnanclal slalementg in accordance with the Companies Act 2006. the Charities Act 2011 and all other applicable law and with United Klngdom Gonerally Accepted Ac¢ountlng Practlce, applicable to smaller entitieg, and for being Satisfled that ltte financial slalemenls giv8 a true and falr vi8W. The Trustees conslder that the audll requlremenl of Secllon 144111 of the Charlti88 Act 2011 Ith8 Act} do88 not apply, and that there 1$ no requlremenl In the memorandum and articles of the charlty for the conductlng of an audll, and that the accounts do not requlre an audlt In accordance wlth Part 16 of the Companles Act 2006 and that no member or membars have requested an audll pursuant lo Section 476 of the Companles Act 2006. As a consequence, the Trustees have elected that the financial gtatemenls be subject lo Independent examination. Having sallsfled myself that the flnanclal slalemenls are not Tequlred lo be audlled undeT any legal provlslon, or Othe198, and are ellglbla for Independent examlnailon,11 Is my respon91blllty to... al exarnlne the 1Snanclal 61alemen18 of the charlty under Secllon 145 of the Act., b) follow the applicable procedures In the Directions given by the Charity Commlsslon under secllon 14515llbl of the Act. Basls of Independent Examlner's Statement and scope of work undertaken Slnce the charitable companls gross income exceeded £250,000, the charitable company's examiner must be a member of a body listed in section 145 of the Act. I confirm that l am qualified to undertake the examlnalion because 18m an authoriged member of Chartered Certlfied Accountant whlch is one of the listed bodies, I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commisslon under section 14515llb} of the Act selling out the duties of an Independent examiner In relation to the conducting of an independent examlnallon. An Independent examination includes a review of the accounllng records kept by the charitable company and of the accounting systems employed by the charitable company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures In the financlal slalements, and seeking explanations from you, as Trustees, concerning such mallers. The purpose of the examination Is to establish as far a5 possible that there have been no breaches of chadly leglslallon and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial slalemenls comply wlh the SORP. The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected lo audit lesls or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide 12
The Courthouse Project (Otley) Limited Consequently, I do not express an audit oplnion on the view given by the financial statements, and In particular, I express no opinion as to whether the financial statements give 2 true and fair vlew of the affairs of the charity, and my report is limited lo the matters set out in the statement below. I planned and performed my examination $0 as to satisfy myself that the objectives of the independent examlnallon are achleved and before finali5ing the report l obtalned wrlllen assurances from the Tru5tee5 of all material mallers. Independent Examlner's Statement, Report and Oplnlon Subject to the limitations upon lthe scope of my work as detailed 8bove, I have completed my examination.. and can confirm that... The accounts of Ihls charllable company are not required to be audited under Part 16 of the Companies Act 2006; Th1$ 18 a report In respect of an examlnation carried out under 145 of the Act and in accordance with Dlrectlons given by the Charity Commi$$lon under Secllon 14515llbl of the Act whl¢h may be appli¢able', and that no materlal mallers have ¢ome lo my attention In ¢onne¢tion wlth the examinallon glvlng me cause lo believe that In any material respect:. a¢¢ountlng records were not kept In respect of the charlty as requlred by Secllon 386 of the Companles Act 2006 and Section 130 of The Charllies Act 2011., the flnanclal slalements do not accord wlth those records., or the flnanclal slalements do not comply wllh the appllcable requlrements concernlng the fomi and content of accounts set out In section 396 of the Companles Act 2006 other than any requlremenl that the accounts Glve 'Irue and falr, vlew. whlchlg not 8 matter consldered 89 Part of an Independent examlnailon., have not been prepared In accordance with the methods and principles get out in the FRS 102 SORP (Statement of Recommended Pracllce for Accounting and Reporting by Charlllesl 2019, (The SORPI. I have no concems and have come across no other matters In connectlon with the examlnallon lo which attentlon should be drawn In thls report In order to enable a proper understandlng of the flnanclal Slalements to be reached. Slgned:. Rob Woolley FCCA,CTA- Independent Examlner Chartered Certified Accountant Crown Houge York Road Shiptonthorpe Y043 3PF Th1$ report was slgned on 25 November 2025 13
The Courthouse Project (Otley) Limited - Statement of Financial Activities for the year ended 31 March 2025 Statement of Flnanclal Actlvlties (Includlng the Income and Expendlture Account for the year ended 31 March 2025, as required by the Companies Act 2006) SORP Ref Current year Unrestricted Funds Current year Restricle(I Funds Current year Totsl Funds Prior Year Total Funds 2025 2025 2025 2024 Income & Endovmients from: Donatlong & Legacles Charitable aclivllieg Other trading acllvities Investments A1 44.067 305,165 2,481 3,548 30.000 74,067 305,165 2,481 3,546 64,888 270.240 1,588 A4 Total Income 355,259 30,000 385,259 336,718 Expèndlture on.. Ralslng fvnds Charllable acllvllles B1 B2 1.435 377,878 1,435 407,878 99 369.488 30,000 Total expendlture 379,313 30,000 409,313 369,587 Net Income l (Expendlture) for the year 124,0541 124,064) 132,869) Transfers between funds Net Income after transfers A-B 124,0541 124,054) 132,869) Net movement In funds 124,0541 124,054) 132,869) Reconclllatlon of funds'.- Total funds brought forward 185,074 22,716 207,790 240,659 Total funds carrled forward 161,020 183736 207 790 The 'SORP Ref indlcaled above Is the cla9sificallon of income gel out in the formal SORP documents. As requlred by paragraph 4.60 of the SORP, the brought fotward and carrled fOard funds above have been agreed lo the Balance Sheet. A separate Slalemenl of Total Recognised Galns and Losses Is not requlred as this statement Includes all reoognlsed galns and lo$se$. All activities derive from Continuing operations The notes attaGhed on pages 20 to 35 form an integral part of Ihese accounts. 14
The Courthouse Project (Otley) Limited - Statement of Financial Activities for the year ended 31 March 2025 The Courthouse Project (Otley) Limited - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP Prior Year Prior Year Prior Year Totsl Fun(Is SORP Ref Unrestricte(I Funds Restricted Funds 2024 2024 2024 Income from: Donatlons & Legacies ChaTilable activities Other trading acllvitl8S Investments A1 34,888 270,240 1,588 30,000 64,888 270,240 1,588 Total Income 306,718 30,000 336,718 Expendltur• on.. Raising funds Charitable acllvliies B1 B2 99 339.488 99 369,488 30,000 Total expendlture 339,587 30,000 369,587 Net expendlture for the year 132,8691 132,869) Transfers between funds Net Income after transfers 132,8691 132,8691 Net movement In funds 132,8691 132,869) Reconclllatlon of fund5'.. Total funds brought forward 217,943 22,716 240,659 Total funds carrkd forward 185,074 22,716 207,790 All activities derive from continuing operations A separate Slalemenl of Total Recognised Galns and Losses 1$ not required as Ihls statement includes all renIsed galns and lo$$e$. The notes attached on pages 20 to 35 form an integral part of these accounts. 15
The Courthouse Project (Otley) Limited - Statement of Financial Activities for the year ended 31 March 2025 The Courthouse Project (Otley) Limited - Resources applied in the year ended 31 March 2025 towards fixed assets for Charity use:. 202S 2024 Funds generated In the year as detailed In the SOFA Resources applled on funotional fixed asgels 124.0541 127,1461 132.8691 {7141 Net resources available to fund charitable activities 51,200 33,583 The resources applled on flxed assets for Charlty use represents the cost of addltlons less proceeds of any dlsposal$. Movements in revenue and capital funds for the year ended 31 March 2025 Revenue accumulated funds Unrestrlcted Restrlcted Funds Funds 2025 2025 Total Funds 2025 Last year Total Fund5 2024 Accumulated funds brought forward 33,433 33,433 36,107 Recognlged galns and losses before transfers 124,0541 124,064) 132,8891 9,379 9,379 2,238 IFromllTo revenue funds 10,425 10,425 31,195 Closlng revenue funds 19,804 19,804 33,433 Fixed asset funds Deslgnated Funds 2025 Restrlcted Funds 2025 Total Fund# 2025 L#it y•*r Total Fund# 2024 At 1 April Transfer Ilo} revenue funds Transfer from revenue funds - asset additions At 31 March 151,642 137,5711 27,146 141,217 22,716 174,358 137,571) 27,146 163,933 205,552 131,9091 714 174,357 22,716 The purposes of the transfers to fixed asset funds are described in Note 27 to the accounts and under the accounting policy 'Accounling for capital grants and fixed asset funds,. The notes attached on pages 20 to 35 form an integral part of these accounts. 16
The Courthouse Project (Otley) Limited - Statement of Financial Activities for the year ended 31 March 2025 Summary of funds Unrestrlcted Restrlcted and Funds Deslgnated funds Total Funds Last Year Total Funds 2025 202S 2025 2024 Revenue accumulated funds Fixed asset funds 19,804 141.217 19,804 163,933 33,433 174,357 22,718 Total funds 161,021 22,716 183,737 207,790 The notes attached on pages 20 to 36 form an Integral part of these accounts. 17
The Courthouse Project (Otley) Limited - Statement of Financial Activities for the year ended 31 March 2025 The Courthouse Project (Otley) Limited Income and Expenditure Account for the year ended 31 March 2025 as required by the Companies Act 2006 2026 2024 Income Income from operations Interest Tecelvable 381,713 336.694 3,546 24 Gross Income In the year before exceptlonal Items 385,259 336,718 Gross Income In the year Includlng exceptlonal Items 385,259 336,718 Exp•ndltur• Charllable expendlture, ex¢ludlng depre¢lallon and amortlsallon Depreclatlon and amortlsatlon Fundraiging costs Governance costs Reallsed losses on dlsposals of 50Glal Investments wttlch are programme related 366,840 37,671 1,435 3,335 334,404 31,909 99 3,175 Total expenditure in the year 409,181 369,587 Net Income before tax In the flnanclal year 123,9221 132,8691 Tax on surplus on ordlnary activltles Net Income after tax In the flnanclal year 123,922) 132,869) Retained surplus for the financial eyar 23,922 32,869 All activltles derive from ¢ontlnuing operatSons In accordance wllh the provlsions of the Companies Act 2006, the headings and subheadlngs used in the Income and Expendlture account have been adapted to reflect the speclal nature of the charlly's acilvllle5. The notes attached on pages 20 to 35 form an integral part of Ihese accounts. 18
The Courthouse Project (Otley) Limited - Balance Sheet as at 31 March 2025 SORP Note Ref 2025 2024 Fixed assets Tanglble assets 13 A2 141,217 151.642 Current assets stocks Debtors Cash at bank and in hand Total current asset8 B1 15 B2 B4 2,978 12,740 202,323 218,041 3,202 9,870 128,925 141.997 Credltors: amounts falllng due wlthln one year 17 C1 175,520 85,848 Net Current assets 42,521 56,149 Total net as8et8 of the charlty 183,738 207,791 Total net a•set• of the charlty are funded by the fund$ of the ¢harSty, as follows:. Restrlcted fund• Restrlct8d Flxed Assèt Funds 24 D2 22,716 22,716 Restrlcted Revenue Funds 24 D2 Unre8trlct?d Funds Unrestrlcted Revenue Funds 24 D3 19,804 33,433 Deslgnated Funds Designated Flxed Asset Funds 24 D3 141,218 151,642 Total charlty fund8 183,738 207,791 The 'SORP Ref, Indlcated above Is the classiflcation of Balance Sheet Stems as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have bèen agreed lo the SOFA.. The dlrectors are satlsfled that the company Is entltled to exemptlon from the requlrement to obtaln an audlt undèr section 477 of the Companies Act 2006. The members have not requlred the company to obtaln an audlt Sn accordance wlth sectlon 476 of the Act. The dlrectors acknowledge thelr responslbllities for complylng wllh the requlrements of the Companies Act 2006 wlth respect to accountlng records and the pr8paratlon of accounts. The charity IS Subject to Independent Examination under Charity legislation, and the report of the Independent Examiner is on page 13. The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies A 2006. applicable to companies subject to the small companies regime. Lee Wellbrook Trustee Approved by the board of trustees on 25 November 2025 The notes attached on pages 20 to 35 form an integral part of these a¢¢ounts. 19
The Courthouse Project (Otley) Limited Notes to the Accounts for the year ended 31 March 2025 1 Accounting policies Pollcles relatlng to the pmductlon of the accounts. Basls of preparatlon and accountlng conventlon The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with ltte Financial Reporting Standard 102, leffeclive 1 st January 20161 and 'FRS 102 SORP Islalemenl of Recommended Practice for Accounting and Reporting by Chariliesl 2015, {a9 amended by the Bulletin issued in October 2018 and applicable to all accounting perlods beginning on or after 1 gt January 20191. IThe SORPI, publighed by the Charlty Commission In England & Wales ICCEWI effecllve January 2016. and in accordance with all applicable law in the charitls jurigdiclion of registration. except that the charity has prepared the financial statementg in accordance with the FRS 102 SORP Istalemenl of Recommended Practice for Accounting and Reporting by Charities) 2019. and applicable lo all accounting periods beginning on or after 1 sl January 2019, (The SORPI. In preference lo the previous SORP, the SORP 2005. wttioh has been withdrawn, nolwith$tanding the fa¢t that the extant slalutory regulatlon$, the Charities IAccounls and Reports} Regulations 2008 ref8T expllcilly lo the SORP 2005. This has been done lo accord wllh current best pracllce Measurement and esllmatlon - No malerlal estlmales have been made In the preparatlon of these flnanclal slalemenls, except In relallon to the valuallon of servSces and facilities provided in kind. Golng Concern Th8 charllable acllvltl8s are entlr8ly dependent on conllnuing grant ald and voluntary don8tlon8 as w811 as Iradlng revenues. Ag a consequence, the golng concern basls Is dependent on the future flow of these ijncertaln fundlng streams. Accordingly, the Trusleeg have oblalned forecasts and, after reviewlng the flnanclal forecasts for future perlods 10 31 March 2025, the Trustees are gatigfled that, al the time of approvlng the flnanclal gtatementg, It is approprlale lo adopt the golng concern basls In preparlng the flnanclal slatementg. Other than these mallers, the Truste88 are not aware of any material uncertalnlles about the charlty'8 ability lo continue as a golng concern. Rlsks and future assumptlons The charlty is 8 publlc benefit enllly. Pollcles relatlng to categorles of Income and Income recognltlon. Nature of Income Grogs income represents the value. net of value added lax and dlscountg, of goods provided to customers and work carrled out In regpecl of servlces provlded to customers. Categorles of Income Income is categorlsed as income from exchange Iransacllon$ l¢onlracl Inoomel and Income from non-ex¢hange Iran$aclions {giftsl, investment Income and oltter income, Income from exchange transactlons Is recelved by the cttarlty for goods or servlces supplled under contract or whe entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser. Income from a nonvexchange transaction is where the charity receives value from the donor without prov+ding equal value ill exchange, and includes donations of money, goods and services freely given without giving equal value in exchange. 20
The Courthouse Project (Otley) Limited Notes to the Accounts for the year ended 31 March 2025 Income recognltlon Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities {SOFAI on a receivable basis, when a transaction or other event results in an increase in the charity's assets or reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably. In¢ome subject lo terms and conditions which musl be mel before the chartly is entitled lo the resources is not recognised until the conditions have been mel. All income is accounted for grogs, before deducting any related fees or costs, Accountlng for deferred Income and Income recelved In advance Where terms and condillons r8lallng to Income have not been mel OT uncertalnty exists as to whether the charlly can meet any terms or condillons otheIs0 within its control, Income Is not recognlsed but is deferred as a liabllily until it is probable that the terms or conditions imposed can be mel. Any grant that Is sublecl lo performance-related condltlons recelved In advance of dellverlng the goods and $ervl¢es required by that condlllon, or is Subject lo unmel conditions wholly outside the control of the reclplenl ¢harlty, Is accounted for as a IlabS1ity and shown on the balance sheet as deferred Income. Deferred Income Is released to Income In the reportlng perlod In whlch the performan¢e-related or other condlllons that Ilmll recognlllon are met. When Income from a Grant or donallon ha3 not been recoanlsed due to the condlllons applylng lo the olft not belng wholly wllhin the control of the reclplent chaTlly, It15 dlsclosed as a contlngent a5581 If recelpt of the grant or donatlon Is probable once those condillons are mel. Where tlme related conditions are Imposed or Implied by a funder, then the Income Is apportloned lo the time periods concerned,and, where applicable, is accounted for as a Ilability and shown on the balance sheet as deferred Income. When grants are recelved In advance of the expendllure on the activlly funded by them, bul there are no specific time related condltions, then the Income Is not deferred. Any ¢ondltlon that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognlllon of the Income concerned, but a Ilablllly to any repayment 1$ recognlsed when repayment becomes probable. Donated goods, facllltles and serrflces Donated flxed assets 8re recognlsed at the current falr value. All such don8llons are recognlsed 88 don8tion Income, and debited lo fixed assets. Servlces provlded In klnd, such as the notional rent of buildlngs, Is shown both a5 nollonal income and as notional expenditure at an esllmated fair market value. Pollcles relatlng to expendlture on goods and servlces provided to the charlty. Recognltlon of Ilabllltles and expendlture A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.. Llabililles arlsing from future ftjndlng commllments and ¢onslru¢llve obllgations, Includlng performance related grants, where the timing or the amount of the future expenditure required lo settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased lo reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision s no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates. 21
The Courthouse Project (Otley) Limited Notes to the Accounts for the year ended 31 March 2025 Allocating costs to activities Dlrect costs that are speclfically related to an a¢tiv*ly are allocated lo that a¢livily. Shared dlrecl costs and support costs are apportioned between acllvitles. The basls for apportlonment, whlch Is conslslently applied, and proportlonate to the clrcumslances, IS Stafflng on the basis of time spent in connection wlh any particular activity. Stafflng on a per capita basis, based on the number of of people employed withln any partlular actlvlly. Premlses related costs - on the proportion of floor area occupied by a particular activlly. Non speclflc support costs - on the basis of the usage of resources, in terms of time taken, capaclty Used, request made or other measures Volunteers In accordance th the SORP, and In recognitlon of the dlfflculties In placing a monetary value ijn th8 conlrlbution from volunteers, the contribution of volunteers is not included wllhin the Income of the charity. However, the Iruslees value the slgnlflcanl contrlbullon made to the a¢tlvllles of the charlty by unpald volunteers and thls Is des¢rlbed more fully In Note7. Pollcles relatlng to assets, Ilabllltles and pmvlslons and other matters. Tanqlblo flxed assets Tanglble flxed assets are measured al Ihelr orlolnal cost value, or subsequent revaluallon, or If donated, a8 descrlbed above. Cost value Includes all costs expended In brlnglng the asset Into Its Intended worklng conditlon. Depreclalion has be8n provlded al the followlng rates In order lo wrlte off the assets lo th8lr anticlpaled resldual value ove esllmaled useful Ilve8. Leasehold premlses Offl¢e Equlpmenl Flxtures and Flllings 8nd non Offlce Equipment /0 Stralght line 25 0/0 Stralght Ilne 25 % reduclng balance Accountlng for capltal grants and flxed asset funds. Gifts of tangible fixed assets or grants of a capital nature, given for the purposes of acquiring specific agsels to be fully ulillsed In the furtherance of the objects of the charlly, are credited to flxed asset funds after the donated asset has been received or gums have been properly expended on the restricted purpose. Where the terms of the gift are mel once the asset is acquired, so allowing the charity lo use the asset on an unrestricted basis, including the right to receive the proceeds of any future sale of the asset on an unrestricted basis, then the fixed asset fund so created is categorised as a designated fixed asset fund. Arxountlng for capltal grants and flxed asset funds. {Contlnued) When assets are acquired for the furtherance of the charity's objects, ulilising the charity's own unrestricted fvnds, a Iramsfer is made from unreslricled funds to a designated fixed asset fund. 22
The Courthouse Project (Otley) Limited Notes to the Accounts for the year ended 31 March 2025 Whether acquired wlh unreslricled or reslricled funds, the asset acquired is initially shown in the balance sheet al the fvll cost of acquisition or subsequent revaluation. As the related assets are depreciated, in accordance with the depreciation policy,in order to reflect the dimunilion in the asset,a transfer is made from the relevant fixed asset fund8 lo either unrestricted or restricted revenue funds, as appropriate lo the terms of the original gift. if any. The effect of thls pollcy Is that the aggregate of all flxed asset funds shall equate to the nel book value of flxed assets. Following the change in accounting policy on depreclation in prior years, 8 transfer has been made in this year so th81 In the aggregate of all fixed asset funds shall equate to the nel book value of fixed assets. stocks and work In progress stock is valued al the lower of oogt and nel realisable value. Debtors Debtors are measured at Ihelr recoverable amounts al the balance sheet dale. Credltors and provlslons Credltors and provl$lons for Ilabllltles and charges are recognlsed and measured on a convenllonal accruals ba$ls when a contractual or other legal Ilability has been establlshed and can be Properly quanllfled. Flnanclal Instruments Includlng cash and bank balances Cash held by the charlly Is Included at the amount actually held and counted at the year end. Bank balance3, whether In credit or overdrawn, are shown at the amounts properly reconclled to the bank slalemenls. Penslons - deflned contrlbutlon schemes The charlty operat88 a deflned contrlbullon pension scheme. Contrlbullons are charged to the proflt and loss account as they become payable In accordance wlth the rules of the scheme. Fund Accounting Unrestricted funds are avallable for use 81 the discreilon of the trustees In furtherance of the general oblectlve8 of the charity. Designated fund8 8re unrestricted funds earmarked by the Trustees for partlcular purpoges. Restricted funds a subjected to reslrlclion5 on their expenditure imposed by the donor or through the terms of an appeal or as Implled by law. 2 Liability to taxation As a registered charity, the organisalion is exompt from income and corporation lax lo the extent that its income and gains are applied towards the charitable objects of the charity and for no other purpose. Value Added Tax is only partly recoverable by the charity, and is therefore included in the relevant costs in the Slalemenl of Financial Activities lo the extent it cannot be recovered. Value Added Tax is excluded from the Income shown in these accounts where such lax is accountable to HMRC. 23
The Courthouse Project (Otley) Limited Notes to the Accounts for the year ended 31 March 2025 3 Winding up or dissolution of the charity If upon winding up or dlssolution of the charity there remain any as$et5, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund Shall be transferred to some other charitable body or bodles havlng similar objects to the charity. 4 Significance of financial instruments to the charitys position There are no financial instruments that are relevant to the performance or position of the charity, S Net Surplus l (Deficit) before tax in the financial year 2025 2024 The nel surpluslldeficit} before tax In th8 flnancial year is staled after charging Depreclallon of owned flxed assets Pension costs 37.571 1,159 31,909 1,131 8 Donated goods, services and facilities Current y•ar Unre8trict•d Fund8 202S Current y•ar R•slrlct•d Fund• Current yèar Total Fund• Prlor Yèar Total Funds 2025 2025 2024 Included In Legacles and Donatlons... Glfts In klnd. donated $8rvlce$ and facllllles 30,000 30,000 30,000 30,000 30,000 30,000 7 The contribution of volunteers Otley Courthouse has 97 a¢tlve volunteers. Trtey are an essentlal part of the organlsallon and take on a range of rdes- recepllonlst5, cafe workers, bar staff, stewards at evenlng and daytime events, house manaolng al evenlno and dayttme events, technical support, day lo day flnancial Support and redecorating and repalr. 8 Staff costs and emoluments Salary costs 2025 2024 Grosg Salarleg excludlng trustees and key management personnel Employer's National Insurance for all staff Employer's operallno costs of deflned contribullon pension Schemes 94,144 410 1,159 84,954 1,131 Total salarles, wages and related costs 95,713 86,086 Numl)ers of full tlme employees or full tlme equlvalenls 2025 2024 The average number of lolal staff employed in the year was The average number of part time staff employed in the year wa5 The average number of full lime staff ernployed in the year was The estimated full lime equivalent number of all staff employed in the year was 24
The Courthouse Project (Otley) Limited Notes to the Accounts for the year ended 31 March 2025 Staff Costs and emoluments (Continued) The esilmated equlvalent number of full tlme staff deployed In dIffert actlvltles In the year was... Engaged on Gharitable a¢tivities Engaged on publicity activities Engaged on management and administration The estlmated full tlme equlvalent number of all staff employed as above Neither the trustees nor any persons connected wllh them have received any remuneration from the charity or any related entity, ellher in the current or prlor year. No 8mploy8es recelved emoluments lexcludlng pension costsl In exc8ss of £60,000 per annum. 9 Defined contribution pension schemes The Pension sch8me has been set up under the Auto enrolm8nl provislons with NEST Pensions and offered to all employe88, and conlrlbutiong are pald on qualified earnings. Employers conlrlbutions are due of 3Wo from Aprll 2019. Any Ilabllllles and 8ssets as8oclat8d wlih the scheme are Shown under d8blors and credltors. 10 Remuneration and payments to Trustees and persons connected with them and Trustees, expenses No trustees or person8 connected wllh them recelved any femuneratlon or were relmbursed expenses from the charlly, or any related entity. 11 Deferred income - Unrestricted and Designated funds Openlng Oef•rrals Rel•a8•d R•celved Deferred from prlor ye•r8 le86 releas•d In year at year end Advance Tlckel sales Grants, donations and other un-regtrlcted funds 40,959 140,959) 43,798 95,576 43,798 95.576 Total 40,959 40,959 139,374 139,374 202S 2024 These deferrals are Included In credltors 139,374 40,959 25
The Courthouse Project (Otley) Limited Notes to the Accounts for the year ended 31 March 2025 12 Deferred income - Restricted funds onIng Deferral$ Released Recèived Deferred Irom prlor years le$$ rèleased in year at yèar end SF Grant8 Donallon for development costs 3.000 22,716 13,000) 12,500) 20,216 20,216 Total 25,716 15,500) 20,216 20.216 2025 2024 These deferrals are Included In credltors 20,216 25,716 The deferrals Included In credltor$ relate to fundlng spe¢ifled by the funder$ a$ relallng to $peclfl¢ perlod$ and represent lttose parts of restrlcted funds whlch relate to perlods subsequent to the accounting year end and are treated as grants In advance, or, alternatively ,where there are conditions which musl be fulfllled prlor lo entltlement or use of the reslrlcled fund$ by the charlly . they also Include AdvanGed Ticket sales. 13 Tangible fixed assets Fumllur•, Flxtur•8 & Offlcè Equlpment Land and Bulldlngs Plant & Machlnery Total Cost At 1 Aprll 2024 Addition8 685,322 93,294 27,146 62,343 840.959 27,146 At 31 March 2026 686,322 120,440 62,343 868,105 Depreclatlon At 1 Aprll 2024 Charge for the year 547,167 27,413 79,807 10,158 62,343 689,317 37,571 At 31 March 2025 574,580 89,965 62,343 726,888 Net book value At 31 March 2025 110,742 30,475 141,217 At 31 March 2024 138,155 13,487 151,642 26
The Courthouse Project (Otley) Limited Notes to the Accounts for the year ended 31 March 2025 14 Stocks & Work In Progress 2025 2024 Stock5 before write downs 2,978 3.202 2,978 3,202 Analysls of the carrylng value of stocks and work In progross by actlvltles Stocks 2025 2024 Actlvlty Main Charllable acllvlties 2,978 3,202 2,978 3,202 15 Debtors 2025 2024 Trade debtors Prepayments and accrued Income Other debtors 1,251 372 11,117 12,740 1,901 1,016 6.953 9,870 16 Contingent asset 2025 2024 Amounts lotalllng £NIL {2024- £NILI pald In 8dv8nce for tlcket 98les are held In 8 cllent account In the ch8rlty's favour by a thlrd paty tlcketlng agency and there Is a contlngent asset for thlg amount If the events concerned proceed In the subsequent perlod. These amounts have not been Inoluded In the 8¢¢0unts, 17 Creditors: amounts falling due within one year 2025 2024 Trade creditors Accruals Deferred Income - Unreslricled & deslgnaled funds Deferred Income - Restricted funds PAYE, NIC VAT and other taxes 816 12,138 139,374 20,216 3,176 616 18,558 40,958 25,718 175,520 85,848 18 Pension commitments 2025 2024 Pension commllments under defined beneflvdeflned contribullon schemes within one year within IMO to five years In over five years 1,250 1,350 1,400 1,200 1,600 1,600 commitment per annum commitment per annum 4,000 4,400 27
The Courthouse Project (Otley) Limited Notes to the Accounts for the year ended 31 March 2025 19 Financial ¢ommitments under operating leases 2025 2024 At the year end the ¢harlty had annual Commltments under non-cancellable operatlng leases as set out below: Operallng leases whlch explre.. within one year within Iwo to five ye8rs - 8nnu81 commitment 1,660 20 Contingent liabilities There were no ¢ontinoent lialbilllle$ at the year end. 21 Income and Expenditure account summary 2025 2024 At 1 Aprll 2024 Proflt I (Lossl for the year after lax 240,342 123,9221 273,211 132.869} At 31 March 2025 216,420 240,342 22 Related party transactions One Iruslee was paid a sum of £2,278 {2024 - £1,419) lo assist wlih sound and Ilghtlng technology al gome publlc events. The Iruslees conslder these amounts appropriate and there was no reasonable 81ternalive. There were no other Iransacllons wlth related parties. 23 Particulars of how particular funds are represented by assets and liabilities At 31 March 2025 Unre8trlcl•d fund• O•slgnated fund• ReBtrlct•d fund• Total Fund• Tanglble Flxed Assets Current Assets Current Llabilltles 120,2181 218,041 1175,5201 141,218 20,216 141,217 218,041 1175,5201 141218 183738 At 1 Aprll 2024 Unrestrlcled funds Deslonated funds Restricted Total Fundi fundB Tangible Fixed Assets Current Assetg Current Liabilities 151,642 151,642 141,997 185,8481 119.281 185,8481 22,716 33,433 151,642 22,716 207,791 28
The Courthouse Project (Otley) Limited Notes to the Accounts for the year ended 31 March 2025 24 Change in total funds over the year as shown in Note 23 , analysed by individual funds Funds brought Movement in forward from funds in 2025 2024 Funds carried forward to 2026 Tran$fÈr6 between fund$ in 2025 See Note 25 See Note 26 Unrestrlctod and deslgnated funds... Unrestrlcted Revenue Funds Degignaled Flxed Asset Funds 33,433 151.642 124,054) 10,425 {31,1951 19,804 120,447 Total unrestrl¢ted and deslgnated funds 185,075 140,251 24,054 20,770 Restrlcted funds... Restricted Flxed Asset Funds Scienc8 Festival Fund 22,716 22,716 Total restrlctèd funds 22,716 22,716 Total charlty funds 207,791 162,967 24,054 20,770 25 Analysis of movements in funds over the year as shown in Note 24 other Galns & Losses 2025 Income Expendlture Movement In funds 2025 2025 2026 Unrostrlctgd and deslgnatod funds... Unrestricted Revenue Funds Restrlcted funds... Glft In Klnd nollonal rent 355,259 <379,313) 124,0541 30,000 130,000} 385 259 409 313 26 Details of transfers between funds in the year as shown in Note 24 The transfers shown in note 24 above are:. 2025 Tollfroml Unrestricted Revenue Funds in accordance wllh the accounting policy'Accounling for capital grants and fixed asset funds,. Tollfroml Designated Flxed Asset Funds Tollfroml Restrictod Fixed Asset Funds 10,425 {31,1951 Net transfers {20.770) The transfers are all made In ¢ompllan¢e wllh the a¢counllng pollcy note on the grant funding of assets. 29
The Courthouse Project (Otley) Limited Notes to the Accounts for the year ended 31 March 2025 27 The purposes for which the funds as detailed in note 24 are held by the charity are:. Unrestrlcted and doslgnated funds... These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject lo charity legislation, are free from all restrictions on their use. Unrestricted Revenue Funds The purpose of these fvnds Is described under the accountlng pollcy 'Accounting for capllal grants and fixed asset funds,. Thls year the fund has been Increased by £27,146 to reflect assets purchased, and reduced by the transfer out of depreciation of £37,571 as explained under accounting policies. Deslgnaled Flxed Asset Funds Restrkled fund¥.'. The purpose of these funds Is described under the accounting policy 'Accounting for capllal grants and fixed asset funds,. This year there have boen no specific grants or restricted donallons for fixed assets. As all preOu$1Y reslricled a99el$ have now mel the terms of their inllal ¢ondlllons then there can be a transfer of ltte fund lo the designated fixed asset fund. Restricted Flxed Asset Funds As In previous year8 Olley Courthouse delivers a week long programme of Science related events Ifor the public, as well as School Shows) in November. Funding is cblalned from 8 variety of sources. Due lo the Covld pandemic, the funds received In thig year wer8 carried fOard lo b8 spent In the subsequent perlods. Sclence Festlval Fund Glft In Klnd notlonal rent Notlonal rent for premlses provlded by Leeds Clty Councll valued al £30,000 Funds have been donated tolalllng £50,000, of whlch £20.216 remaln, that are for the purpose of carrying out feaslbllly study and project work of developing a larger theatre on a slle adjacent to the current theatre. Any Development of new theatre .Reslrlcled fees or costs relating lo this project are paid from this fund. Due lo change fixed asset funds In circumstances Ihls wlll not now happen due to the land been sold off. A decision will be made lo transfer the funds lo another re8lricled fund or released to un-restricted funds. 28 Ultimate controlling party The charlty18 under the control of Ils leg81 members. 30
The Courthouse Project (Otley) Limited Detailed analysis of income and expenditure for the year ended 31 March 2025 as required by the SORP 2015 This analysis Is classsified by conventional nominal descrlptions and not by activity. 29 Donations and Legacies Current year Unrestricled Funds 2026 Current year Restricted Funds 2025 Current year Total Funds Prlor Year Total Funds 2026 2024 Donations and gifts from individuals Gift Ald reftjnds Small donations Individually less than £1000 Total donatlons and glfts from indlvlduals 1,334 4,061 5,395 1,334 4,061 5,395 2,107 4,461 6,568 Kevonue grants & donations trom public bodies Small grants Indiv5dually19s8 than £1000 Arts Fundlng Lèeds city Councll - Cor8 fundSng Otl8y Town Councll L86ds 20231 M6ntorlng programmè Sclence Fesllval 16,862 15,000 16,862 15,000 1,580 9,000 300 4,000 4,000 3,500 Dgfgrred Income bmught ftirnard... IT Grant amortised Sclence F8sltval Dev8lopment Incomè 10,000 Total publlc sector revenue grants 35,862 35,862 24,380 Revenue grants & donatlons from non publ1¢ bodles Frlends of th& Courthouse 2,810 2,810 3,940 Total prlvate sector revenue grants 2,810 2,810 3,940 In the prior year, £500 was restricted. Gifts Sn klnd, donated $ervSce$ and facllltSes Leeds city Councll - Notional Rent 30,000 30,000 30,000 Total donated goods and servlces 30,000 30,000 30,000 In the prior y&ar, the amount of £30,000 was r&slrlcled. Total Donations and Legacies A1 44,067 30,000 74,067 64,888 31
The Courthouse Project (Otley) Limited Detailed analysis of income and expenditure for the year ended 31 March 2025 as required by the SORP 2015 30 Income from charitable activities - Trading Activities Current year Unrestrlcted Funds 2026 Currenl year Restrlcted Funds 2025 Current year Total Funds Prior Year Total Fund$ 2026 2024 Primary purpose and ancillary tradlng Prlmary purpose trading Sale of goods and services in accordanc& with th& charitls objects PrlmaTv purpose tradlnq - Tlcket Sales Ancillary trading in support of charitable obj8cls L6111ng of property for charllab18 purposes Other Charitabl& Actlviti8s 62,779 197,257 6.302 38,827 62,779 197,257 6,302 38,827 54,967 172,808 4,949 37,516 Total Prlmary purpose and anclllary tradlng 305,165 305,165 270,240 All prlor yéar transacllons In Ihls cal8gory wèr8 unrèslrlctèd, 31 Total Income from charltable actlvltles Current year Unrestrlcted Funds Current year Restrlcted Funds Current year Total Funds Prlor Year Total Funds 2026 44,067 305,165 202B 30,000 2026 74,067 305,165 2024 64,888 270,240 Total donallons and legacles Total Incom8 from charltab18 tradlng Total from charltable actlvltles 349,232 30.000 379,232 335,128 32 Income from other, non charitable, trading activities Current year Unrestricted Funds 2026 Current year Restricted Funds 2025 Current year Total Funds Prior Year Total Fund$ 2026 2024 Income from fundraising events 2,481 2,481 1,588 Total from other activities 2,481 2,481 1,588 All prior year transactions in this category were unrestricted, 32
The Courthouse Project (Otley) Limited Detailed analysis of income and expenditure for the year ended 31 March 2025 as required by the SORP 2015 33 Expenditure on charitable activities- Direct spending Current year Unrestricled Funds 2026 Currenl year Restricted Funds 2025 Current year Total Funds Prior Year Total Funds 2026 2024 Spend from grants awarded Developmenl costs of future projects Gifts in kind, donated services and facilities 8,385 30,000 30,000 30,000 Total direct spending 82a 30,000 30,000 38,385 34 Expenditure on charitable activities- Charitabla trading Current year Unrestrlcted Fundy Current year Re5trlcted Funds Current year Total Funds Prlor Year Total Funds 2026 202S 2028 2024 Cost of goods for primary purpose tradlng Costs of ancillary trading to benefit beneficiaries Cost of goods for ancillary trading Marketing and advertising of primary purpose trading Gross wages and salaries - charltable tradlng aclivilies Total charltable tradlng costs 156,053 156,053 132,163 19,115 19,115 19,740 4,399 4,399 3,922 6,686 6,686 186,253 5,427 B2b 186,253 161,252 In the prior year all amounts were unrestricted. 33
The Courthouse Project (Otley) Limited Detailed analysis of income and expenditure for the year ended 31 March 2025 as required by the SORP 2015 35 Support costs for charitable activities Current year Unrestricted Funds Current year Restricted Funds Current year Tolal Funds Prlor Year Total Funds 2026 2026 2026 2024 Employee costs not Included In dlrect costs Salaries - Administratlve staff Defined contribution pension cosl - admln staff Employers, Nl Administrative staff Training and welfare - staff Freelance fees 87,590 1,159 410 138 7,394 87,458 1,159 410 138 7,394 78,077 1,131 1,450 435 6,758 Volunteer costs Travel and subsistence - volunteers 45 45 50 Premlses Expenses Rates and water charges Room Hire Light heat and power Cleaning and waste management Premises repairs, renewals and mainlenance Alarm and security costs Property insurance Additional building repairs 1,914 1,914 2,108 14,268 3,232 14,268 3,232 9,087 3,572 2,959 5,074 2,959 5,074 4,533 5,289 5,401 5,401 2,002 Admlnlstratlve overh8ads Telephone, fax and internet Postage Slationery and printing Membership subscriplions Software licences and expenses Equipment,rep8irs,expenses and maintenance Licences & Permits 1,506 899 3,436 11,743 488 1,506 899 3,436 11,743 466 1,401 1,079 2,637 9,570 880 200 200 180 Support costs for eharftable actlvitles {Contlnuedl Pmfesslonal fees pald to the Audltor or Independent Examiner In addltion to audlt and examination fees Company House 34 13 Flnanclal costs Bank charges Bad debts written off Depreciation & Amortisation in total for the period 2,851 2,851 4,515 37,571 37,571 31,909 Support costs 188,290 188,158 166,676 Total support costs 188,290 188,158 166,676 All prior year transactions in this category were unrestricted. 34
The Courthouse Project (Otley) Limited Detailed analysis of income and expenditure for the year ended 31 March 2025 as required by the SORP 2015 36 Other Expenditure - Governance costs Current year Unrestricled Funds Current year Reslricted Funds Current year Total Funds Prior Year Total Funds 2026 2025 2026 2024 Independent Examiner's fees Trustees, indemnily insurance 2,750 585 2,750 585 2,600 575 Total Governance costs 3,335 3,335 3,175 All prlor yfjar tran$acllon$ in Ihls category wore unro$lrlctod, 37 Total Charitable expenditure Current year Unrestrlcted Funds 2025 Currnnt year Restrlcted Funds 2025 Current year Total Funds Prlor Year Total Funds 2025 2024 Tolal direct spendlng Tolal charitable Irading costs Tolal support costs Total Governance costs B2a B2b B2d B2e 30,000 30,000 186,253 188,158 3,335 38,385 161,252 166,676 3,175 186,253 188,290 3,335 Total charltable expendlture B2 377,878 30,000 407,746 369,488 In the prior year, of the total of £369,488 an amounl of £43,800 was restricted. 38 Expenditure on ralsing funds and costs of investment management Current year Current year Unrestylcted Rèstricted Funds Funds Current year Total Funds Prlor Year Total Funds 2026 202S 2026 2024 Fundraising Tradlng costs 1,435 1,435 99 Total fundralslng costs B1 1,435 1,435 99 All prlor year transactlons In Ihls category were unr&slrlct8d. 35