2024-04-30-accounts

PROJECT COLT

AND

COLT ENTERPRISE CALDERDALE LTD

REPORT AND FINANCIAL STATEMENTS

FOR YEAR ENDING 30th APRIL 2024

Charity Number: 1098268

Company Number: 5460328

VAT No: 106 4202 63

Contents

Legal and Administrative Information ......................................................................................... 2 Executive summary ................................................................................................................... 3 Annual Report – year ending April 2024 ....................................................................................... 4 Achievements and Performance ................................................................................................ 5 Case Study ............................................................................................................................... 5 Consulting With Our Community ............................................................................................... 5 Acknowledgements .................................................................................................................. 6 Financial Review ....................................................................................................................... 6 Looking Ahead .......................................................................................................................... 7

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Legal and Administrative Information

Charity Name: Project Colt

Charity Registration: 1098268

Company Registration: Colt Enterprise Calderdale Ltd

Registered Number: 5460328

Place of Operation: Elland Bridge, Elland, HX5 0SG

Management Committee

Simon Macaulay (trustee and director)

Danny Barker (trustee)

Jane Mitchell (trustee)

Paul McMahon (trustee)

Kieran Malko (trustee)

Lesley Maslen (trustee and director)

Senior Management

Jan de Villiers, Chief Executive O�icer

Emma Bainbridge, Project Manager

Russell Davies, Manager Colt Enterprise

Accountants - Torevell Dent Ltd 1-3 St Ann’s Place, Pellon Lane, Halifax HX1 5RB

Registered Number: 4923108

Bankers – Lloyds TSB for Colt Enterprise and RBS Bank and CAF Bank for Project Colt Charity

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Executive summary

2023 to our systems, structure, and people. In comparison, 2024 has been much quieter. We extend our gratitude to our board of trustees and directors. Your wisdom and support have been invaluable. Special thanks to Danny Barker, who served as Chair for several years and has now stepped down to trustee, and to Simon Macaulay, who has taken on the role of Chair. We look forward to your guidance.

In June 2023, I succeeded the leadership of Mary Spencer, who founded this project in 2003 and developed it into what it is today. Her tenacity, vision, and compassion have been inspirational. I am grateful for her and the board’s trust in me, and the opportunity to lead.

Our sta� levels have remained stable, bringing strength and stability to our team. Their dedication and love for the people we serve are relentless, inspiring me to do my best as well. Our new improved addiction recovery curriculum embedded well, and we are proud of it. This past year, over 60 volunteers have supported our work, dedicating varying amounts of time. We truly appreciate your contributions.

This past year has also brought some recognition with 2 awards for us as an organisation and 2 awards for volunteers. Well done to all.

As we look ahead, our mission stays the same as we strive to change lives for good. Just before Covid we dreamed about developing the mill into a destination, a place where one is valued, finds purpose and can grow. This is happening, and we are delighted about the results. Our footfall is increasing, our o�er is growing in depth and scope…we are excited about what the future holds.

Jan de Villiers CEO

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Annual Report – year ending April 2024

The Trustees of Project Colt, who are also the sole member of the charitable company, Colt Enterprise, for the purpose of the Companies Act, are pleased to present their annual report and financial statement for the year ending 30 April 2024. This report has been prepared in accordance with Part 8 of the Charities Act 2011 and constitutes a directors’ report.

What We Do….

Colt is Changing Lives for Good. Our mill is open to the community 6 days a week from 9.30am to 5pm, serving people from diverse backgrounds, including those struggling with addiction, mental

includes therapeutic support, volunteer and training placements, social and wellbeing groups, art and

organisations and businesses with a social purpose based in the mill, Colt has created an inclusive place for local people to find purpose and community in Elland.

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Achievements and Performance

This past year delivered a few awards. We were presented with the Kings Award for Voluntary Service, by the Lord Lieutenant Ed Anderson CBE. A great achievement by all the volunteers that contributed to making Colt what it is today. We were also presented with the Community Spirit Award in the Breakthrough of the year category. This is a local recognition through the Community Foundation for Calderdale. Two of our outstanding volunteers were also honoured through receiving the Volunteer of the Year Award from the Reuse network (Denise Evans) and Volunteer of the year award from the Community Foundation for Calderdale (Ameen Yousaf)

Case Study

In 2022, my life changed drastically. After a breakdown, I spent six months in The Dales, a mental health hospital. During this time, I lost my home and struggled with social interactions. Upon release, I moved into shared accommodation in Brighouse. My mental health support worker suggested visiting Project Colt for creative workshops. In July 2023, I met with a member of the team there, who o�ered me a volunteer role to help rebuild my confidence. I shared my passion for ceramics and past work as an artist. He supported me, hoping I might return to ceramics when ready. After five months, I completed a barista course, made new friends, and gained confidence. I started in housekeeping until Carly Breame set up her ceramic workshop and took me on as her assistant. I now work with Carly one day a week, and it feels like I’m back to my old self. Working with Carly has been incredibly rewarding, and I’m deeply grateful to her and Project Colt for their support over the past year.

Consulting With Our Community

We always want to hear what our community needs are as we shape our o�er. Some of what they told us is captured below. We asked people how important it is to keep Bridgefield Mills running as a community building. 80% of 371 respondents indicated that the building is important to the community with comments such as “a vital hub”, “a wonderful space that helps many”, “needed for people from all walks of life”, “made such a positive mark on the Elland area.” The top five activities that people think are important were 1) community café, 2) a home for Project Colt and other charities, 3) recycled furniture and household goods, 4) a safe and warm place for everyone to come to, 5) training, volunteer and work opportunities.

What do you like most about Project Colt?

1. “I love the atmosphere of Colt, it is such a welcoming place, and each visit is unique, there are lots of stories to be heard by individuals and it is quite rightly so. A very well-respected community establishment.”

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1. “Their non-judgemental, constant support for people. Also, not just for people in need but also for their families/ friends who may be in need of support or a listening ear as they are struggling due to the impact of service users’ addictions/ past addictions.”

2. Havercakes! And all the wonderful people - I always feel happy when I leave even if I didn’t when I arrived.

365 out of 371 people will recommend Project Colt to people

but all of it builds on our existing o�er, highlighting that people would love to see more of the activities and training programmes we already have on o�er, and perhaps some expansion into family activities.

Acknowledgements

As well our incredible sta� and volunteers we want to acknowledge our collaborators who have been an incredible asset as they delivered services to the wider community - they are the barber, horticulturalist, ceramicist, artists, baristas, food providers, bike maintenance guys, and upcyclers. We applaud and thank you.

To achieve long term sustainability, we continue to build our infrastructure and funding base. Lloyds Bank Foundation, Henry Smith Charity, Garfield Weston Foundation, Reaching Communities and Community Foundation for Calderdale have continued to be the backbone of our financial support. These, along with several other funders, enable us to keep our core o�er running and growing, and we would like to express our gratitude to all our donors and supporters for their generosity and belief in our mission.

A BIG thank you to our many supporters and partners

CFFC - VCS Support Fund, General Fund, Harnessing the Power of Communities, Cost of Living Fund, Sovereign Health, Active Calderdale, Lower Valley Staying Well Community Fund, Heritage Lottery Fund, Cost of Living Fund – Lottery, Morrisons, Anton Jurgen Charitable Trust, Mayors Safer Community Fund, Tabhair Foundation, Supporting Stronger Neighbourhoods, DCMS, Awards for All, Calderdale Council Highway and Engineering Services, Scurrah Wainright Charity, Anglo Recycling, South West NHS Foundation.

Financial Review

During the year several ideas and projects have taken o� and come to completion. This is evident in the appearance of the building and the expansion of services and of course filters through to the finance systems which have needed to adapt as time has gone on to accommodate new schemes and ways of working. While this hasn’t been straight forward all areas have pulled together to streamline processes and implement systems designed to protect the business and improve e�iciency. We are moving towards operating increasingly robust systems, these improvements which for example include: implementation of stock checking /valuation process for new stock for resale,

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intervals.

Looking Ahead

We continue to develop a sense of community rooted in working together. When you visit us, you will hopefully see and experience this. Key goals for us include;

• Purchase the mill to secure our future and establish a long-term community hub for the people of Calderdale

• Develop our wider community o�er in scope and depth

• Help more people recover from addiction and the destruction it causes to them and their family’s lives

thankful. As we move into the next year, we are excited and hopeful about what might be.

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PROJECT COLT ACCOUNTS AND ANNUAL REPORT FOR THE YEAR ENDED 30 APRIL 2024

PROJECTCOLT Independent Examlner's Report to1heTn￿teeS of Projed Cott lorthe yearended30Aprll2024 I report lo the truslees on my examinalion otthe accounts of Ihe Projeci Cott forihe yearended 30AprS12024. Responslbllltles and basls olr•port As the charlty trustees of Ihe TA￿1 you are responsible forthe preparatlon olthe accounts In accordance wfth the requlremènts ofthe cha￿lleSAc1 2011 {IheArtI I report In respect ol myexamination of the Trusfsaccounts carried out urKlersectlon 145 ofthe 2011 Act and in carrylnq out my examlnalion I have lollowed ail the applicable Directions gNen bythe char￿ Commlsslon under sectlon 1451511bl of the Act. Independ8nl examlnefs stalemenl I have completed myexamlnation. I conflrm that no material matlers have come to my attentlon In connectlon wbth the exèmlnauon gMn8 me cause to tyell￿ that In ￿materIal respect: l accountlng records were nol kept In respect ol Ihe Trust as requlred by sectlon of the Act: or 2 the accounts do not accord wth I￿se records: or 3 the accounts do not complywllh Ihe applicable requlrement5 concemlng the form aThl content of accounts set out In the Charilles (Accounts and Reports) Reguiallijns 21XJ8 oihei than any requlremenl that the accourts gfve a Irue and falrvievl *thlch Is not a matter con5hJered as part ol an Independent examination. I have no concerns and have come across no Oiher matters In connecllon wlh ihe examlnatlon to whlch altentlon should be drawn in thls report in order lo enable a pioper understandlng ol the accounts lo be reached. ntha.J. Sutcl FCCA Torevell Dent Ltd Chartere<l CertllledAc¢ounlants 1.3 St Anns Place Pellon Lane Hallfax HX15R8 Dale: .....

PROJECTCOLT STATEME•if OF FINANCIAL ACTNMES FOflTHE YEAR ENDED 30 APRIL2024 Totsl Funds 2024 Total Funds 2023 Unrestrlcted Funds Restrleted Funds Notes Grants Don*lons and legacles cnher .Bank Interest 157.397 157.397 2,669 110,229 8,356 Total 3,167 157,397 180,564 119,849 Charitsble ActNllies Management and Administiation Support Costs Other 108,297 109.995 5.653 i.￿0 975 115,572 4,148 7,645 1.400 61 975 Totsl 759 116.764 118,523 128,765 N•t Incom81(expendltyrel 1.408 42,041 18.9161 Total funds brought forward 651 43,035 52.602 Transferbetwpen funds Totsllund5 urrfed loTrvard 1059 81727 43,686

PROJECT COLT BALANCE SHEET FOR THE YEAR ENDED30APRIL 2024 Notes Year Ended 30 r112024 Year Ended 30 12023 FIXED ASSETS Equlpmeni 8.928 193 CURRENT ASSETS Deblors Cash at bank 1.531 78.193 79.724 1,531 47.368 48.899 CURRENT LIABILMES • wlthln one ￿ar 12.9251 15,4061 76.799 43.493 NET CURRENT ASSETS 85.727 43.688 TOTAL ASSETS LESS CURRENTLIABILITIES Unrestrfcted Restrlcted 2,059 651 43,035 85,727 43,688 3111 or2024 The Ilnanclal statements were approved bythe Trustees on............................. and slgned on thelf behall by.- Tru5t•e

PROJECTCOLT NOTES TOTHE ACCOUNTS FOR THE YEAR ENDED 30APRIL2tr24 I.ACCOUNTING POLICIES •) A¢¢ountlngconventlon The Financial Statements have been prepared underthe historK cosl basis of accounting. and are in accordance with applicable accounting standards. the Charities SORP IFRS 10213nd the Charrties Act 2011. b) Income and wdowments All income and endowments are Inc[￿led In the ststement of financial aclmties when the charity is legally entilled to the income and the amount can be quantllled with ieasonable accuracy. C) expendllur• All expenditure is accounted for on an aC¢n￿lS basls as a IlabllHy Is Incurred and InclLKlesVATwhlch cannot be fulty recovered. CharRable aclbAtles comprfses of the costs Of runlli￿ the projects and ac1fvrt￿S. It InclLKles both costs that can be altocated ¢Jirecttyto such actmtles and indirect cost nece5saryto support them. Othef Costs comprlses the direct costs of Ihe Charity that ￿e nol rewed lo Char￿able act￿lI1eS orfund generatlon. dl Flxed As$•ts Flxed assets are Included at eosl less accumulated depre¢lation. Depreclallon Is prov6ded to write off the cost orvalualTron. less estlmated resldual value5 of allfSxed assets except freehold land. overtheir expected useful Ihes. It is calculaled at thetoilowlng iales: Equlpment 20% on cosl el Taxatlon The charltyls exempt from tax on Sts charitable aclml 11 Fund Accounllng Unrestricted fund5 can be used In accordancewllh the charitable ob1ec1p￿S at thediscTetion of thetrustee5. Restricted l￿d$ can only be used lor partiCLknT restricted purposes wiihin ihe objectsol the charlty. Restrictions arise when 5pe¢ified bythe donorOrwt￿1ufidsare ralsed for partltuiar Testricted purposes.

PROJECTCOLT NOTES TOTHE ACCOUNTS FOR THE YEAA ENDED 30 APRIL21f24 2. GRANTS Openlng Balancè As at l May 2023 Grant Recelpts Grant Grant Cioslng Balance Expendlture Amortlsotlon As at 30Apr112024 Anton Jurgens Awards forAll 2022 Awards torAll 2024 Garfleld Weston Henry Smilh Chadty Lloyds Icapllal equlpment} Lloyds Irevenuel 2021 LI0￿5 Irevenuel 2023 LI0￿15 Irevenuel 2024 Lottery Fund Morrisons Icapltall Reachlng ComM￿lI1e5 Scurrah Walnwright 2024 Slr George Martln Tabhair 19.867 15.CM)O 19.867 3,174 10,456 4,920 13.4( 193 16.746 47.950 20.753 20.753 22,324 25,OthJ 9,962 9,180 18.888 2,676 11.318 2.232 15.979 4,500 1.250 3.750 035 157,397 iU.339 83,668 R•ieas•of Grants to proflts:. Expendlture In ￿ar a5 above Amorti5ation in year as above 114,339 2.425 Tolal per Accounts 118.764

PROJECT COLT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30APRIL2024 &TANGABLE FIXED ASSETS Equlpment Totsl Cost At l May 2023 Additions At 30 April 2024 8.036 11.160 19,196 8.036 11,160 19,196 D•pre¢latlon Al l May 2023 Charge toryear At 30 April 2024 2.425 10,268 2,425 10268 N•1 8ookValu At 30Aprll 2023 193 193 AI 30 Aprfl 2024 8,928 B,928 DEBTORS AND PREPAYMENTS 2024 2023 Loan to Cott Enterpdse Icalderdalel Ltd 1.531 L531 1.531 L531 5. CREDITORS. DUE WITHIN ONE YEAR 2023 Trade credltors PAYEINIC Other cleditors 1.755 2.677 1,170 2.925 1.5CM)

PROJECT COLT NOTES TO THE ACCOUNTS FOR THE YEAR ENDEO 30 APRIL 2024 6 MOVEMENT IN FUNDS Incomlng resource5 Resources Movement expended In funds Unrestrl¢ted fvnds Genefallund 3.167 {1.7591 1.408 R•slrlcl•d funds Restrlcted Grants Isee note 2 atsol 157.397 1116,7641 TOTAL FUNDS (118,5231 42,041 7 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestrfcled Fundj Restrkted Funds Tolals Tangible flxed asseis Current Assets Current LlabllltSes 8,928 77.665 12.925) 8.928 79.724 12.9251 2.059 Net assets 30th Aprll 2024 2.059 85.727 8 RELATEO PARTYDISCLOSURE Dufing the year none of Ihe Iru5tees was paid tylhe organlsatlon {2023- none) for admlnisiral￿e seNi¢es. 9 TRUSTEES. REMUNERATION AND BENEFITS There was no tnjstees remuneration or other benefits for the year ended 30 April 202412023:£nlll 10 TRUSTEES. EXPENSES There were ￿ trustees. expenses paid forlhe year ended 30 April 202412023:£nill

PROJECTCOLT INCoMEA￿EXP£wD1rUAE ACCOI FOR THEVEAR ENDED30APRIL21124 Ve¥ErthoIp￿2D24 Uni•sirtcted Restilcted Tol4 Fundl Y¢•fEr￿0￿ApthXI23 UnFeMrlcted Resirttied Tol•l Funds FwrAII tere51 and dfvldendsiicelvobie Donatlons- non Oft ahj Donatlons- Olt ald Grants Translersfrrm Coil Efflerprbelcaidudaiellid Tax recNeied onglftahldonaiior IS7.￿? 157.397 107.979 110.229 1,200 157,397 160.564 107,979 Its,849 Urmtrict•d R•irtct•d Fun F￿dI Fub)d• Gllts lovolunie•rs Award8 and 8rant$ NewfacllhaiorlupcJYUng thiertlsln8¥nd maikg¢1 Relreshment¥ Co41sdtancyand de¥tlopmeM AccDuntln8lets eookkeep11￿iIl5 lrf8larKJ proless1o￿lIMS Wages and sa￿￿•$ Employers NIC P￿S1On contrlbutl)ns 20 614 li li 500 121 16 15 1&5d3 975 128 18,860 1,500 2.185 1.500 71.498 227 878 363 424 1.225 17.960 975 IOD 1.400 2,195 71,498 878 374 374 67 81 918 7.115 Trainingtosts plint￿6, stalloneryaThlposta8• Athrtpayabla Insurance Repalr5and maliiienwce DTPR and programmecosts Iwaveliln8expen5es Barchargts and kniere$tpayabk• 78l•pM)De aThY computer Dekweclal￿n 7.718 iO.M5 4n 472 7.PA5 1,591 1.324 61 291 61 57 531 1.676 114764 iU.623 10,959 1¥785 IfTSURPLUSIIDEFiciri 041 17, 918