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: - 1 accounting records were not kept in respect of the Charity as required by section 130 of the Act; or - 2 the accounts do not accord with those records; or - 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| |||**3,167**
**157,397**
**160,564**| |||**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| |||**1,759**
**116,764**
**118,523**| |||| |||**1,408**
**40,633**
**42,041**| ## **PROJECT COLT BALANCE SHEET** ## **FOR THE YEAR ENDED 30 APRIL 2025** |**Note**
**FIXED ASSETS**
Equipment**3**
**CURRENT ASSETS**
Grants receivable
Other debtors
Loan to Colt Enterprise (Calderdale) Ltd
Cash at bank
Cash in hand
**CURRENT LIABILITIES**
Accruals**5**
**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| ||||**85,727**| ||||2,059
83,668| ||||**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| |||**12,950**| |||8,928| |||**8,496**| |||**2024**
**£**
1,531| |||**1,531**| |||**2024**
**£**
1,755
-
1,170| |||**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)