PROJECT COLT ACCOUNTS AND ANNUAL REPORT FOR THE YEAR ENDED 30APRIL2025
PROJECT COLT
Independent Examiner’s Report to the Trustees of Project Colt for the year ended 30 April 2025
I report to the trustees on my examination of the accounts of Project Colt for the year ended 30 April 2025.
Responsibilities and basis of report
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act')
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
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2 the accounts do not accord with those records; or
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3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
……………………………..
Samantha. J. Sutcliffe FCCA Torevell Dent Ltd Chartered Certified Accountants 1 - 3 St Anns Place Pellon Lane Halifax HX1 5RB
PROJECT COLT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2025
| Notes Income and endowments from: Grants 2 Donations and legacies Other Bank Interest Total 6 Expenditure on: Charitable Activities Management and Administration Support Costs Other Total 6 Net income/(expenditure) 6 Total funds brought forward Transfer between funds Total funds carried forward |
Unrestricted Funds £ 33,858 71 33,929 - 449 3,357 - 3,806 30,123 2,059 25,677 57,859 |
Restricted Funds £ 195,654 30,000 225,654 118,189 26,151 188 975 145,503 80,151 83,668 (25,677) 138,142 |
Total Total Funds Funds 2025 2024 £ £ 195,654 157,397 63,858 2,669 - 400 71 98 - 259,583 160,564 118,189 109,995 26,600 5,653 3,545 1,900 975 975 149,309 118,523 110,274 42,041 85,727 43,686 - - 196,001 85,727 |
|---|---|---|---|
PROJECT COLT INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 APRIL 2025
| INCOME Interest and dividends receivable Donations - non gift aid Donations - gift aid Grants Transfers from Colt Enterprise (Calderdale) Ltd EXPENDITURE Gifts to volunteers Volunteer Expenses Awards and grants Advertising and marketing Refreshments Programme costs and consultancy Accounting fees Bookkeeping fees Legal and professional fees Wages and salaries Pension contributions Subscriptions Training costs Printing, stationery and postage Rent payable Repairs and maintenance DTPR and programme costs Travelling expenses Bank charges and interest payable Telephone and computer Depreciation NET SURPLUS/(DEFICIT) |
Unrestricted Restricted Total Funds Funds Funds £ £ £ 71 - 71 33,858 30,000 63,858 - - - - 195,654 195,654 - - 33,929 225,654 259,583 Unrestricted Restricted Total Funds Funds Funds £ £ £ - 67 67 - 94 94 - 69 69 - 1,598 1,598 - - - - 27,117 27,117 - 975 975 - 5,236 5,236 - 2,860 2,860 - 70,966 70,966 - 514 514 - 1,403 1,403 - 188 188 675 - 675 - 13,500 13,500 - 19,244 19,244 - - - - 344 344 79 - 79 370 1,327 1,697 2,682 - 2,682 3,806 145,503 149,309 30,123 80,151 110,274 Year Ended 30 April 2025 |
Year Ended 30 April 2024 |
|---|---|---|
| Unrestricted Restricted Total Funds Funds Funds £ £ £ 98 - 98 1,909 - 1,909 760 - 760 - 157,397 157,397 400 - 400 |
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| 3,167 157,397 160,564 |
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| Unrestricted Restricted Total Funds Funds Funds £ £ £ 30 20 50 - - - 11 - 11 - - - 15 - 15 - 18,543 18,543 - 975 975 - 5,592 5,592 - - - - 75,763 75,763 - 984 984 - 374 374 - 946 946 535 34 569 35 7,718 7,753 472 - 472 - 1,900 1,900 - 1,324 1,324 61 - 61 600 166 766 - 2,425 2,425 |
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| 1,759 116,764 118,523 |
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| 1,408 40,633 42,041 |
PROJECT COLT BALANCE SHEET
FOR THE YEAR ENDED 30 APRIL 2025
| Note FIXED ASSETS Equipment3 CURRENT ASSETS Grants receivable Other debtors Loan to Colt Enterprise (Calderdale) Ltd Cash at bank Cash in hand CURRENT LIABILITIES Accruals5 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES FINANCED BY Opening reserves - Unrestricted Surplus/(Deficit) for the year - Unrestricted Transfers between reserves Closing Reserves - Unrestricted Opening reserves - Restricted Surplus/(Deficit) for the year - Restricted Transfers between reserves Closing Reserves - Restricted |
8,496 9,495 52,000 - 127,300 464 189,259 (1,754) (1,754) 187,505 196,001 2,059 30,123 25,677 57,859 83,668 80,151 (25,677) 138,142 196,001 Year Ended 30 April 2025 |
Year Ended 30 April 2024 | Year Ended 30 April 2024 |
|---|---|---|---|
| 9,495 52,000 - 127,300 464 189,259 (1,754) (1,754) 2,059 30,123 25,677 83,668 80,151 (25,677) |
- 1,531 78,081 112 79,724 (2,925) (2,925) 651 1,408 43,035 40,633 |
8,928 76,799 |
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| 85,727 | |||
| 2,059 83,668 |
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| 85,727 |
The financial statements were approved by the Trustees on ….......................... and signed on their behalf by:-
………………………
Trustee
PROJECT COLT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2025
1. ACCOUNTING POLICIES
a) Accounting Convention
The Financial Statements have been prepared under the historic cost basis of accounting, and are in accordance with applicable accounting standards, the Charities SORP (FRS 102) and the Charities Act 2011.
b) Income and endowments
All income and endowments are included in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
c) Expenditure
All expenditure is accounted for on an accruals basis as a liability is incurred and includes VAT which cannot be fully recovered.
Charitable activities comprises of the costs of running the projects and activities.
It includes both costs that can be allocated directly to such activities and indirect cost necessary to support them.
Other costs comprises the direct costs of the Charity that are not related to charitable activities or fund generation.
d) Fixed Assets
Fixed assets are included at cost less accumulated depreciation.
Depreciation is provided to write off the cost or valuation, less estimated residual values of all fixed assets except freehold land, over their expected useful lives.
It is calculated at the following rates:
Equipment 20% on cost
e) Taxation
The charity is exempt from tax on its charitable activities.
f) Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
PROJECT COLT FOR THE YEAR ENDED 30 APRIL 2025
2. GRANTS
| FUNDERS Anton Jurgens Ashworth 24 Awards for All 2024 Garfield Weston Henry Smith Charity Henry Smith Charity 2025 Lottery/Heritage Lloyds (revenue) 2024 Lloyds (revenue) 2025 Reaching Communities Reaching Communities Yr 3 Screwfix Scurrah Wainwright 2024 Tabhair FP Trusthouse CFFC Grant Community Foundation Postcode Neighbourhood Parter Trust The Brelms Trust (Yr 1 of 3) Morrisons Community Spaces Morrisons (Capital) Colt Enterprise (Calderdale) Ltd |
Opening Balance Grant Grant Transferred Closing Balance As at 1 May 2024 Receipts Expenditure to Unrestricted As at 30 April 2025 £ £ £ £ £ 5,000 - 5,243 (243) - - 3,000 2,500 - 500 19,867 - 18,049 - 1,818 3,174 20,000 3,717 - 19,457 10,456 22,500 13,213 (9,236) 10,507 - - 45,000 1,097 - 43,903 11,318 - 9,963 1,355 - 2,676 - 11,912 9,236 - - - 25,000 10 - 24,990 15,979 10,537 19,454 7,062 - - 10537 4,046 - 6,491 - 5,000 4,953 47 - 4,500 - 4,500 - - 3,750 5,000 5,000 - 3,750 - 10,000 8,525 - 1,475 - 1,080 - - 1,080 - 25,000 23,656 - 1,344 - 5,000 1,667 - 3,333 - 8,000 8,000 - - 6,948 - - 6,948 - - 30,000 - - 30,000 |
|---|---|
| 83,668 225,654 145,503 - 25,677 138,142 |
PROJECT COLT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2025
3. TANGIBLE FIXED ASSETS
| Cost At 1 May 2024 Additions At 30 April 2025 Depreciation At 1 May 2024 Charge for year At 30 April 2025 Net Book Values At 30 April 2024 At 30 April 2025 4. DEBTORS AND PREPAYMENTS Donation receivable from Colt Enterprise Loan to Colt Enterprise (Calderdale) Ltd 5. CREDITORS - DUE WITHIN ONE YEAR Trade creditors PAYE/NIC Other creditors |
Equipment £ 19,196 2,250 21,446 10,268 2,682 12,950 8,928 8,496 2025 £ 52,000 - 52,000 2025 £ - 1,754 1,754 |
Total £ 19,196 2,250 |
|---|---|---|
| 21,446 | ||
| 10,268 2,682 |
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| 12,950 | ||
| 8,928 | ||
| 8,496 | ||
| 2024 £ 1,531 |
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| 1,531 | ||
| 2024 £ 1,755 - 1,170 |
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| 2,925 |
PROJECT COLT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2025
6 MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Restricted Funds TOTAL FUNDS |
Incoming resources 33,929 225,654 259,583 |
Resources Movement expended in funds £ £ (3,806) 30,123 (145,503) 80,151 (149,309) 110,274 |
|---|---|---|
7 ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Tangible fixed assets Current Assets Current Liabilities Net assets 30th April 2025 |
Unrestricted Funds £ 57,859 57,859 |
Restricted Totals Funds £ £ 8,496 8,496 131,400 189,259 (1,754) (1,754) 138,142 196,001 |
|---|---|---|
8 RELATED PARTY DISCLOSURE
During the year none of the trustees was paid by the organisation (2024: none) for administrative services.
9 TRUSTEES' REMUNERATION AND BENEFITS
There was no trustees remuneration or other benefits for the year ended 30 April 2025 (2024:£nil)
10 TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 30 April 2025 (2024:£nil)