Company regis￿￿110￿ llum￿T.. 05021440 CIIoTity ￿KIstTatlOR nutnbcr.. 1103382 Cottingley Community Centi'e IA company liinit¢d by gyataiiiee A1￿U#l Re￿)rt and Fiti&nLia] rur the Yw En(kd 31 Decemkr 2022 CottiDEley Community Centre Contents I'￿ste¢s, Report 1[￿¢pCnrtCllI Exami￿c¢S Rcporl Stsiemehi of F￿anCial Activities Bajajicc SIK¢t Notes io Ilie financial SIAteiJJeiiis 710 17 Cottingley Community Centre Trustee5' Report Thr tru51¢ts, Ivlio are dircciors f¢)r ￿1# PUTtJtss¢s of cotnpaTry laiy. present ih¢ amiual Teport logclhcr with the financial stdtsrnEnts of charitable compaJ)y for ihc ycaT cndcd 31 DeLrmtKT 2022. Trustees Itkd The truslLY5 and uffic¢rs ￿rYIng during the year artd singe th¢ y¢ar¢nd We￿ as follows.. Tn)stee5'. Duknulgs I'hTelfall Anthoiiy Hessehvood PatriLiil Smith Javnes W>lliams Rayft￿nd P.dwhrds Brian Pa]ker Val Challinor Kichard WoT51ey (re%igncd 9 Januxry 20231 %tcve Peers lappoinlcd 20 JanuaTy 20221 Stru¢tuYt* gover]hante And mAth*gtm¢nt ofgoveniin8 dociiJM&nl The Coiiingjey Coffttllijttity Centre is a comp&ny limited by EiIHrwJtcc. It ivds incorpDr8ttd on 21 Jfjniwry 2(KJ4 and it becamc a reEiskr¢d cliaTity on 26 April 21M)4. Its governit¥ do¢thncnt is ilx iiieJnoEandum articles of associaiiu]L The twnt ivas changed fmm T1￿ Cottingley Corncrstonc Ccntre in Jul). 2018 in ordtrto ¢mphasisc t1￿ purpose of Ihc Lcntrc. OTganis&lioiiolslnirture lljc dircctors, who arc Iru5te¢s of thc cherity, mctt ott a r¢gvlar basis lo review progress. Thtir nomE5 arc SEI out on page l. Bs, agTr-Ltnenl ii?Ih th¢ Bishop ot. Brodford the victsr &cls 85 Chainli￿n and Cl.-l) of the &niTC tnr up to hvo day5 prr 1￿ck.'[he￿ a vacancy in the posi thTOU8houi 2022 and RaYn￿￿O Edwards- ha5 a5 chair. 'l-li¢ BL5hop ol-Bradfvrd and Ihe Churthwardens. aLling joinily. of Sl Mitba¢l & all Ankr15 each noinini2te one I￿￿[ee and ihe Cottingley Parochial Ch￿ch CouncTI nDTninatc tw) fithhcr tnjslees. 5 tllL%lce% aTC appoinlcd representing ihe coiwiiuaily. A]1 Iruslees are fully involvtd in the decisions of the Lh￿ilY. The Irustc£s shall (unless other%%rys¢ (kiertnined by ordinary rcsoluiionl nJtnheT tcn. A truslec Inay bc appointcd hy ordiDJry resolultan provided Ihc appDinltneni doEE nol cause the numbei uftrus1ees to exceed l¢n. All Irusiees leLYÈve appTupriale i[￿ur110n and training n Irspc￿ of thcir ￿lIe.'1'he Iw51ce& in additian io the Original 5ulkscTibu)g mcmtrKrs, ar¢ the mLmbcri of thc cotnpany. TheTrus1¢¢5 i¥ork in sub cominilt¢ts for Hil Finance & Risk. Property 4txl Catcrit The Cejth ejnploys a Centre manager. an adtninistraiiv¢ aSsi￿￿t ¢ot¢ring njanager. li()u$cke¥ping staff caretaker to assist ivith thc day kn day opening and closiiig ￿ lleedcd. PHg¢ I Cuttlnglcy Community Centre Trustee5' Report Rtlationshlp$ with related partie3 RelRted PHrtie% I'hc chkuily has conllnt￿d to ivork in partn¢'rship with Bradford M#ltopolilan Di%lriGt Council. Lotlinglty Ifc and th¢ Leeds Dioce&an BodTd of Fin￿￿￿. M¢TjOTrisk5 amdniftiifflgemenl oflhose rlbhs I'hc priiKipRI risk of the ehJrity is th&t it will b¢ iinabk to bring the wheme lo finoiicial viabiliiy Ihrough lack or funding or usels. Thc tnisiees have obiained profvs5io￿l advice assislance in raising lh¢ r¢quw¢d fund& The tnjstees are consiantly monitoring the ongoing position. Thc Iriislces have identified othtr risks and rBguiarly T¢view the tniligalion olsuth. Objetlives #L'tlvitiES Owetts 'I"h¢ pilry￿se of Ihe charily is lo provide tacililies *id sErYices foi people of Cottingky aiid Uie neighbourhood thcreof and to opcrate a community cenite for ihat pury(>se. All branEhes of the local coiniiiunity air cncouragcd to th¢ c¢Thi1f. P&blic bemeJ71 The Irusiees confjrjn thai they I￿¥¢ cojnplied ivilh the requitemertls of strlioii 17 of thr Ckngritj¢5 Act 2011 lo have d T¢g4rd to the public bcnefit guidancc published by thc Charity Commission for England and W&lc%. Achievemthts and pe[form￿￿te lThroU￿10ut the ycar thL activities of IhL' have become more Ethbli51i¢d folloiving the pandemic. I'.wtfall into tt café ha5 slow to incit￿ but the number of i&ken oui Mere maintained up tD thE rthd of the ycar and IhEtL ceased. In a bid to rcduce carbon foolprinl and save costs Ihe lighliiig Ilroughoul the Ceijlre has been upgraded. Fentuig has been etecied in one of the ouidooT gJ¢a5 to iTnptOV¢ 5afety/secuTity and pycvcnt dumping of nibbish. Theii has been a stat￿¢&$ tsxnsition orscrvi￿5 providcd in tkne Centre from 141.-r to New Cl%iicb'.% lJ4t&dford & Disirietl Ltd. The Iiiiyl¢¢s continu¢ lo be grdteful to Ihe many volthnleers i%tho have Assis*d with the day ￿ day o￿T￿li0& uf th¥ l.'cnirc and delivcry of Tneals. review 'I'hE unaudited flllancial statement.% show Ihe fiiiancial trdiiS?etii)iis for the year. The unrrslricicd surplu5 for thc ycaT due tu ihe 8¢nerous 5UPPOrt of Th¢ Social Inve5tmelll Blis]￿¢58 ISIBI in making ihc loans inle￿￿ free foi ttn aimuall). reyieiyed perÈod. Lurrerttl). endin8 31 March 2024. Inl¢]r51 wuuld havt been charged under t1￿ lerms of the original agr¢¢n￿￿t in the order of £71,471 12021 £75,276}. Thc surplus of £43,473 {2021 £76,4)24) applied in making loan r¢payJn¢nt5 of£63,42012021 £63,420). Tlie reyJIia￿ rese￿$ will again be used to fimid fuluTe loan r¢pa>Thcnts. The fiilure looks challen£in¥ but I￿nd￿¢￿b]e iviih ￿lIVi1). exp¢ct¢d lo b¢ approathU￿ "tLorJnal levels" by quarter 4 of 2023 5ubjcct to th¢ coniinued SUPPDrt of Th¢ Social IThvcsttncni I1￿￿1￿¢5S I.%IBI. P&g¢ 2 Cottingley Community Ctntre Trustees, Report Policy Teserves TJJC Irusiees. alln is io hL)Id a re*rve (if cash I￿￿ net a55et5 ¢quivaleN 10 6 n￿nths Overhe￿8. This will not be iGhievcd urtil incoin¢ 1% gcncralcd %ufficicnl io tnccl Ihc original coiiimi¢menls iii Servicing Ihe Mrmwing. Indemnity In￿aneL Th¢ Lharity puid insuranLe pr¢iniutlls to illdemnify irusle¢s fivm any loss nri5ing frnm ncglcct or defaults of trLJStees or slaff and any cnrLEcqu¢DI 1055. for fufure period5 Aiwi.T fiNrfkey objecliveslorfiifvireperitsds With Ihe assistance of8lT3 lli¢ Irusl¢¢s aim lo research Ilw J*eds olik comniunily of Cotlingley wil11 a vtew lo Jnthng 14rg¢led funding bids for pariicular project8: thi8 h&* been Malled duc to th¥" vKancy in cr.o and siaff illnL*8. A review of caierin£ is being uhd¢rtakcn folloiving the resign2tintt of csitring mahoger to Start her café in Bitigiey. Sm*ll eumphhie5 provÉsioik statement This report ha% bccn r>repared in ativrdancc iyiih Ihc %PEcial p]DVTrSiOtJs relating to compaThi¢s siibj¢ci lo the small cojnpanies regin]e iviihin Part IS of the Coillpanies Acl 2006. lThe anniial reptyrt was approved by the IT￿￿<￿"$ ofiliL ch&r21y on 12 Jiine 2023 and signed on ils behaifby.. RA)qntrnd Edward5 Trustee Pagc 3 Cottingley Community Ce￿¢￿e Independent Examiner's Report to the trustees of CottiDgley Community Cenlre ('the Company,) I report lo Ihc charity IT￿letS tm my cxaminaiioo of th¢ a¢¢ounts Of lh¢ charily for the year ellded 31 tkeeJJiber 2022 whicli aTe sel uul ()n pJg¢s 6 to 17. Responsibilities bssis ofreport A% thL ehariiy'% tru%iec% of thL CO￿panY latld it% dir¢ctoTr for tk PUTwses of compaiiy laiyl you re5POtLsible rorihe pr¢paraiion of the accounts in aLLOtdanLe the TeguireTD¢nts of the Companics Act 20061.tlk 2006 Acl'l. Havijig s&tisfied myself thai the accouiits of the Conipony are Mi rcquircd 10 bc dudl￿d under Pgrt 1() ot the 200(1 Act and aTL' cligibli tor 1ndc[￿ndent ekllnitTratiDr4 1 repori iii resp¥cl ol'my ¢xaminaiioii uf yuw" LhJtily'5 dcLry)unts as catTied oui under seciion 145 ofihc Charitie% Act 2011 I'ih¢ 2011 Act'l. Tt) cnrryiThg out my exemination T h&ve follDwed Ihe Directions giY¢n by Iht Charity Lominission under seciioth 14515Mb)of the 2011 A¢1. Indeptndtnt exxmin¢r'5 Statement SinL¢ th¢ Cvmpan) 5 gross incojnc cxceeded £250,OW your ex8miner mu%t ￿ o mejn￿r of a ljody li51ed in Section 145 ofthc 2111 l Act. I confiiin thal l atn qualified to undertake th# ¢x#iiiinalion btLaUSC l atn ufIcAEW. whiLIJ is oiie of listed bodi¢s. J have completed exatnination. I confirm that no tnattcr5 hayc to my xttcntion in COn￿clin￿ with thc exanunglion giving me cause lo beli¢ve= l. accounting T￿OrdS wcrc not krpt irt resp¢d of C4)iiÉnglcy (:QmTtLiinity C¢nlFe rcquircd by .￿lion 386 of the 2006 Act: or 2. the accoullis do J)ol accord wiih diose re¢ord5,' or 3. the a¢¢vunts nul Lx)tnply with the accoui*i1￿ requircnienls of section 396 of Ihe 2006 Act other than nny Y¢qUiT¢in¢iil that tli¢ accoun1.% give A'irtJ¢ and fair vicw ivhich 1% not a tnaller considered 11 % Part af a)) iThdepend¢nt Ihe &ccouDts h4ve not been prepared in accordan￿ wth the meihod5 and piinckple5 of the Ststematt of RecotntnEnded I raclice for accouiigii￿ und rcpotting by LbaTiIiE5 IEipplicable lo ch￿111¥5 pr¢paiiryg iheii accowils in occoifji)n£e ivith th¢ FiiiuRciHI Reportiiig Slandard applicable in the UK &iid Tlepiiblic of Ir¢larLd IFKb 10211. I have no corsLeriis and Iiave come aLToss iio L)ther Inai(eYs iii coniie¢iion lsiih tli¢ exaininals01i lo which attention sh)uld be drawn in Ihls repDJI in ordeT to enablc a prOpcrUndcr￿4￿dlng of thc accounts. lo btt tcachcd. Selina J AITnitag¢ FCA In(kp¢ndent Examiner WtlSLTrli Buckle Limiied Brndford 12 Jun¢ 2023 Page 4 CottinglL'y Community Centre St8t¢men¢ of Financial A¢tiYities for tbe YeAr Elld¢d 31 Deoember 2022 (Io¢luding loeome •nd Eipeoditiire Aceount) Unrestrictcd funds Restricttd funds Totxl 2022 Tot#1 2021 pl￿te Intome tndowlli4ttts from DooJliQTh% Wjd 1¢8aci¢5 Otlier Irading acliviti¢5 Tnveslmcnts Charitabl¢ aGIiviiies ()th¢r T￿lome 75.508 3,302 153.30 1011.993 1,130 10.IM7 85.555 3.302 153.100 IO¥.YY3 1,130 166.051 599 153.104 76.642 Tol#l irttome èthdowments 342,233 10.047 352.280 396.396 Exptnditllre Rai5i)Ig funds Chariiable activities 1301.6611 15,7551 1307.4161 1319.4721 Tot*l exptndilure 302.762 5.755 308,517 319.472 Nel Jnovement ill fullds 39,471 4.292 43,763 76,924 Rttoh¢ilsRtion of fuhd5 Totsl fvnd5 bmught forwa￿1 619.646 476,3(M 1,095,950 1,019.026 Total fimds carried foThYard 659.117 480.596 .139,713 1.095.950 lknc fund5 breakdown for 2021 15 shDiYn in note 20. -nK rLOt¢5 on ￿￿¢5 7 to 17 form ?n int¢ErnI part of thES¢ fin&nri81 *atements. Page 5 Cottin%ley Comtnunity Cenlre (Registr&tion numbLY: 05021440) Balanee Sheet #5 al 31 December 2022 2022 2021 iyote Fixed a55ets TaThgible assets 13 2,20S.107 2,207,739 Currtnt fis$et$ Siocks Dcblors Cash ai bas]k a￿d in hand 1,806 79.869 %7.912 14 92.089 97,900 169.587 191,505 Creditors: Amoumts fglllng wlthin (b￿¢ year ly￿ turt*nt 49¥¢15 16 1138,9341 143,827 30.653 47,678 Total assets less turrent Itabilttie5 2235,76 2,255.417 Credilors: f811Tng Rfter more thAn year Nèt Asset¥ 17 11.096,0471 11,159,467) 1.095.950 vf the chArity'. Rostrieted ineoine funds RcslTicled funds 480,596 476.3fr1 Unrestricted intome funds Unr¢stricicd fw]ds 659,117 619.646 Tot*1 fuDd$ 20 1,139,713 1,095,950 Foi Ihe finattLi41 ye¥T ending 31 Deceinber 2022 the charity was enlitlcd to exemption from a4Jdit undcr section 477 of C.'ompanic5 Act 2006 telaliiig to 51nall companies. Di￿cloT1 Tesponsibiliiies: Tlw tR¢Jnbers liave noi requtred tk chariiy io obvAin audit of its accow)ts for lh¢ year in qu¢51ion in accordance with 5eclion 476; aDd The directo]¥ a¢knowledgc ttLL'ir rCspOn￿bi1IIl¢S for complying wqth the requiTeni¢nis of Ihtt Act wilh sYSPECt to accounting rcLk)rds and the prepaTation of aCCOLtnts. The fJnan¢ial stat¢mcnt5 on pagc5 5 to 17 ￿re approvcd by tht Iru5t¢e5. and atsthorised for issue ott 12 Jun¢ 2023 and stglled OJJ Iheit ￿h8]F by.. Jony Hebs¥livuud I n]%lce I'hL' notc$ on p48¢% 7 10 17 form an inlegral pftrt of these fInw￿la] ￿OI¢m¢￿t5. Page 6 Ctsttingley Community Centre Notes to tb¢ Fillancial Stat¢mellts for the Y¢Ar Ellded 31 December 2022 I ChRri*y Status The charity 15 IiBJiled by yuardnts¥. incotpornied in England and Walc& and consequently does not I￿ve share capilal. Lach of ihe trustecs is liable to ￿￿trIbUte an amount Mt cxcecding £10 tow4rd% ihe nf the clwiiy in IhB event of liouidalioTr. These fitthncial staiements were authorised for issue by the In￿le¢S on 12 Julle 2023. Th¢ ￿ddr￿S of its tegis¢er¢d oific¢ is.. CottiiiglLy 8radlorii IID16 IAL 2 At¢ounting po)ici¢3 SummAry of 5iEnifi¢#kt *ctouhting politiu a￿d key Rttounting e$limH¢es The principal accounting policic5 applicd in the picparation of tli¢s¢ fLnan¢i41 .%tgt¢in¢ttis Are s¢t b¢low. These poli¢i¢5 have bEen tonsigieijily applied tu all the years pr¢s*JJied, unless otlkerivise sialed. Sta¢emen¢ of compliance The financial Mat¢ments have been p￿p￿Ted in aLcord3nce iviih AccounlirtE a]xl RepDMiTrLT by Chariiies.. Sta*meni of ReL'omni¢nded I'raLlice applicable lo charilies PTepaTing their accounts in acCord￿cC with the Finuncial Rcw)llinK Stsnd4rd 102 '11)¥ Finon¢ial Ilep)ninE Standard applicAble iti the UK &lld Republic of Irel8nd {effecti¥e l January 2015} a[￿ th¢ CoiiipaN¢8 ALI 2006. The ertllly ineets the definiiiott of a public benetic entity ￿nder FRS 102. Basis of preparation The linancial slal¢m¢nis' have be¢n prep￿ed utKler the hibtorical Convention in accordance with applicable Uiiiied Kingdom Accounting SiandaTd5. A %u]nttiary of ihc principal accounlin8 ￿licles, Ivhi¢h have IK'en applied consislently, eK¢ept where noled. is sei oul beloiy. The Charity's fimciional and presenthtion currency is the pound slerlin& Cifltng ton¢er rhc tru%lccs considcr that there aT¢ no tM*Ti*I uncbmainties about the ch￿1¢y,S &bility io cont]￿ue as a goinE concern nor Jny si¥rllfL(W]t fjteas (Trf Uncert￿lItY thai affeci the carrying value Ola¥s￿S held by ihe clwAty. T[￿ f￿ancial stal¢tn¢nls have been PTepared on goin¥ concein bdsis arKi the trusites btliev¢ thai this is dpproprialc. The truEie¢s regularly monilor liquidity attd believe thai activiiics e8n bc suslaincd for the f0￿Cable fulure in light of the continuing suprrf)n of fi]nders. The funders r¢cognise thaL since the Diajurity of us¢rs Tely un direct OT indi[￿1 GovenJm¢iit lundillg and givcn thc Cu￿ent unccrtaiity ab(>ut Icve15 of future evcnts IlJ&y OCCUT wlii¢h a oiilsidc thcir coiitrol w]d ivhich hav¢ wi udv¢T* ¥tT¢¢i on the viubilily of tho centre. Extmptiun Irom prepariM¥ a ¢95h sfatemeDt The chaTity b&ve lakgtt advunldL¢ of exempiioji and has noi included a ￿5t1 flow sialenKnt in these financial stsiemetht& Pagc 7 Cottingley Commllnity Cen¢re Notes to th¢ Fillancial Statements for tbe Year Ended 31 D￿mber 2022 s(ru¢tMre u￿￿51[1¢t¢d inconK funds are general thnds thai arc available foi uEe at th¢ Irustces, discrction IJ) furt)￿rance of Ihtt objLcliv¢5 of thc charity. R¢51rict¢d income fut￿lS aTC Ihose dona*d for use in a parliLul£W area or for specific pury05t4 Ihe use of whieh is ricied to that 4u¢a orpurpose. Incoffte and ¢ndowmcnls All incomc is Ircognised ont¢ the chaTlty has enlitlcincTlI tu the incoTll& il is probable thai ihe in¢otn¢ ivill be r¢£eived kjmd ami)unl ofthe iiicorne receivablB b¢ mcasurcd rcliably. J)oNRIi0•5 ovdlegrtcl Vuluniary IllL￿J￿ IS teceiv¢d by way ofdonulioD5 and gifts 15 included iti fvll in the thtcmeni of fir￿￿￿la1 activitLC5 4then ri¥eiv8blc. Donated x'T¥iC¢S and faciliti¥s arc includ¢d al IIK valu¢ io the chaTily ivh¢re Ihis LaD be quan¢ifieJ. lli¢ va]u¢ ol 5¢rvices provitt and iliercfote il iueels ttle def￿]ilOn uf a cliaiilabk company for IJK (x>rpor&lion lax pU￿￿￿e8. Accordingly. Ihc Ghaiily is poientially exempt from tsxatioll in re5￿cl of inc<>ine (>r eapilal gains received within Cd*gories £overed by Chapter 3 Part I l of Ihe Cuiwiuliun T&x Act 201U ur Scction 256 uf Ihe alion of (:hY6tgcJblc Gains Act 1992. lo the exieni ihat such it)coj￿ orgains arc applied eKcliisively to charilablc pUrpu￿￿. Tangibte fixed assets Individual fixcd a55el.% are inilially recorded at C05t. Ic55 any subsequent accumulated d¢ptecialion and subs¢qu¢ni accumulated impainneni losses. Depreriwtloll And amortis¥tio DLpreciation ks provided on tkngible fixed asscts so as to wti* off the cost or valualion, less any esiimaicd ￿5)dual ¥alue. over their ¢XPEcl¢d iisefid economic lil¢ as lollows.. t£asehtrld opemiional wuprrtie5- SITaighi line ovei. Ik lif¢ of the IEa5C Fixtures. flllillgs and tquipincrti- 20¥0 sITaight litLC Tangible fLxed a*%cls held for inv¢stnKnl pup￿ses are carricd al thc tru%ie&8' valualion and are Dot depTe¢iated. T1￿8 is & departurc from the Cotnpanies Aei 2006 hoivever Ihe tTU51ees bBlicvc Iliai deprecialiiig the osscl would nui givc a tr fair vi¢iv because il ]% hcld IOT Lrtvemmcnt and not foT CDD5wnpljOn. Stock Siuck 15 valued at the loutT OF COA and eslimaled selling pricc Icss costs lo complet¢ and sell, 8fter duc Jrgard for obsolclc and slow mtsving stock5. Cosl is del¢mJio¢d vsiJ)g the fjrst-io first41Ut IFIFOI. Government Rranf$ CJovemm¢iit grants ate rccogniscd bascd on the accrual nindcl and art mca5ured at the fair vaille of the assei received or F¢c¢ivable. G￿15 8re classified as relating either to revenue or io a55¢ts. Ciranls Tela11￿8 lo Men￿ pJe recOgni￿d ir incotne ovci Ihc pcriod in ivhich ihc Tclatcd ¢(L%ts arc recogni%d. Iirllnts ￿l&tIng 10 &55et5 ar¢ rew¥Dised over thc expected uscful lifc of the assei. Wbere pan of a ￿l￿t r¢launE io all ￿et is defer￿d. il is recogrrised as d¢f¢rT¢d incon￿. Hire p￿¥th￿se And fin￿￿¢¢ 1.¢2ges in Nthich subsiantially a]1 risks and rewards uf oiviicrship are retained by the k.%sar a]e cla5%ifted as owaiing Icases. Re)it&ls payablc undcr OPCTaling leas¢5 aFC char8ed the Siatcmcnt ot FiJ)ancial Activiiies on a straighi line ba515 0ycrth¢ l¢w *rm. Financial in5trument5 -rhc charity only financial ass¢t5 and fu￿￿e1a1 IiAbiliiies of a kind that qualify ￿ basic finanLial instnMn¢nts. Basic fina￿191 instyiii)ienis are inLliall}' rewgnised at tratFsaciithi v21iie %ubEequenily measured at th¢ir s¢ttl¢meni value. Cash aod t05h equlvAleAts Cash L￿h ¥4uivaknts comprise cash on hknd ¥nel Lall dtposits, glid otlicT slioit-lcmi hi8111), liqiiid iiiveshnents that ttte tel￿][Y convertible to u knoivn amouttt ofcash atld arc 511bj¢¢t to On insiw]ifJcant risk of chanL¢ in value. Page 9 Cottingley Community Centre Notes to the Financial StAt¢ments for the Year Ended 31 Deeember 2022 l)ebtor5 Debiors ate recogni8ed initially when they bEcoinc due al th¢ trallsaclion PFi¢e. They are subKqubnily m¢a8uted at mortiscd cosl usin8 ihe effeclive in*resi ra￿ tn¢thod. Icss piovision for impaitrneJ)t. A proYi5101J lor iinpairment ur btors is established i¥he# there objeelive evidence I1￿1 charily will llol be abk lo collect all aniouiils due according to the ()I'lLiinal iertns of the debioT5. Creditors CtcdTIoT8 are obligaiions lo pay lor g4)ods and services thai have been acqui]rd by Ihe chaiity. CT¢dit0I5 are inilially recogtiised At the tr8nsactioii pn'¢c and subsequ¢ntly tncasujtd al wnortised cosi using the cffeclive inte]EsI Jnethod. 3 Jn¢omt from donhtion$ and legacies Unrestrietod Total 2022 Total 2021 c¢￿er￿1 Rc5tricted DOllatio￿￿ gnd legaci Donalioi Grunt5. iiicludirtE ¢upilal grallts., Goverjjmenl gTaDts Cjrant T￿ling InL%ts 72.673 47 72.720 76.844 2,000 835 2,000 10.835 73.467 15.740 166,051 10.o(K 75.50¥ 10,047 85,555 4 Intome frDlll Other tradiDg kctivitit5 U￿restrIcted Total 2022 Total 2021 General Fundraising evcnis 3,302 3.302 599 5 lTrve%tThents Unrestrltted funds General TotAI 202Z Totsl 2021 Jterest r¢¢eivubl¢ si￿1]ar in¢omc- Iniercsl ￿CclVahIt on bank depo%ils Income Irom ren15 205 153.095 153,300 205 153,095 153.095 153.300 153,104 Page 10 Cottingley Community Centre Notes to the Financial Statements for the Year Ended 31 December 2022 6 Inenme frnjn chxrilllble actNitrEs VDre5trid¢d Tot&E 2022 Totul 2021 Cen¢r81 e$, loom hire and aciiviiy irtcome 108.993 108.993 76,642 7 Other incunie Unrestrictod f￿￿￿5 Generhl Total 2022 Total 2021 Insurnntc claiin 1.130 8 £xpeoditure r#i%irtE funds ) Costs of trAding Activities ijhrestritted Total 2022 GtnerAI Fundraising tradI￿g costs: undTaÉ%ing i.ioi 9 Exptnditure charit8ble activities Unrestriiled TotAI 2022 Total 2021 General Restricted Operaiin£ costs l)r¢mis¢s co*$ Loan intere ikpTeciaiioii eic. 159.Y 6¥,172 71,471 2.070 4.447 746 164.195 611.918 71,471 2.632 170,7110 70.679 75.276 2.737 562 301,661 5.755 307,416 319,472 10 Net illtomingloutgoillg re50urct¥ Nttt incoming rcsoiwcc5 for Ihc ycaT include.. P2Be 11 Cottingley Ci)Jnmllnity Ctn¢Te Trlotes to th¢ FiDancial Statements for th¢ Year Ended 31 December 2022 ZlJ22 2021 DepTe£iotiaD of fixed assets Ind¢p¢ndLnt examiiierfs lec 2.632 2,YOO 2,737 2,710 11 Trustees remutterAtiuTr oxpeD5es No irustLL& IiOT any PeT.Wll5 ￿￿IL¢1Cd with theni. have teceivLd any reniuncTation froin the charity during the yeaT. No Iruslccs have Icceivcd any rLimburstd cxpcn%.s OT aThy otlicr beiiefils Ironi Ihc chaiily duriiig 111¢ year. 12 StAff costs The aggregate payroll Ix)sis werc ll5 folloivs.. Employment 2022 2021 WaK¢s and sa1￿[e5 elc Social sccwity tosts Peiision costs 96.1148 1.714 104.919 1,742 1.837 108.49% 1,890 100,452 Thc Inonlhly averaEc nuEnbcT of PErsons (includin&b ￿ni￿r n￿L￿gett￿nI / lead¥tship t¢wnl employed by Ihe chariiy durinE the Ye￿ eXp￿ssed as fijll litrK equivalenis was as follows.. 2022 2021 Administration No employee received emDlum¥rtts of ]note Ihajj £60,000 dUrli￿ ihe year. Tk total emplDy* ben¥fi15 Dfihe key managthneni persDnttel of the ctmrity We￿ £Nil12021- £Nill. P#ge 12 Cottingley Cnmmunity Centre Notes to the FillaDei81 Statements for ihe Year Eod¢d 31 Deeember 2022 13 Tangible fixed assets leasehold Long le4s¢hold investment oper&tionfil property pr(kp¢riy Fixlur¢$, rittings 8thd equipmeDt Tolgl C05t At l Janubry 2022 1.926,163 ,351,747 150,040 3.427.950 At 31 D¢¢¢mber 2022 1,92fj,163 .351,747 150,0411 3,427,950 J)epre¢iAlion Al l Jatjitary 2022 ch.￿ fvr the ye .070,171 2.632 150.040 ,220.211 2.632 At 31 Decemkr 2022 1.072,803 150.040 1222,843 Net book v&lue At 31 DeLemb¢r 2022 1,926,163 278,944 2.205.107 At 31 Decembcr 2021 1,926,163 281,576 2,207,739 All thc leaEchold pr(>pcrty i.% chatgEd in wppot¢ of b(ktroivings polcntial grant cl4wba¢k Should ¢onditions not be adhered 10. Th¢ trus1¢ts b¢li¢v¢ Ihat th¢ ty)51 of long l¢as¢tLold itLV¢5ttntnts prop¢rty represents a fair tnart(¢l value. Ttk Val￿ of th¢ long lea￿hDId opcration&l PTOPCrty i% noiy iVFittcn doivn to ils esliTnated [r￿[ke1 valuc which is considered to be equivalent to ils valiie to liie charity, having now eslablisbed the current incoine generation which c8th be siL4ained fjvjn OP¢rnling ofttL¢ P￿PertY. 14 Debtor5 2022 2021 Trade debtors Prep&ymenls and &ecnJed income Other dcbtQTS 59,609 17,458 2,XU2 79,122 12,7¥1 79.869 92.089 IS C#$h artd ¢#sh eqUiVAlents 2022 2021 sh on hand Cash ai IMDk 1,345 86.567 1,321 96,579 87,912 97,9011 16 Creditor5: Xmounts f8lling due within one yeur Page 13 Cottingley C<>mmunity Centrt Notes ¢0 ¢kne Fingncial Statem¢nts for the Year Ended 31 Deeember 2022 2022 2021 l.Dan.% and borroivings '1'17de crcdilors olljer t￿tion and ￿tI)I s¢ciirity Oih¢r creditors Aecruals and deferred incojne 63,420 13,976 9,349 3,214 48,775 63.420 13.077 9.409 3,482 54,439 13¥,934 143.X27 Included in ihe other c¥ediiors aix)ve is £2,969 {2021- £2,969) lield on bEhalf of th¢ Cotiinglcy CoTnTnunity Partnership Ivhere the ch)rily acts as Custodian fot the luRd5. L)Iiring tlie year Ilie charity receiv¢d lullds of £Nil12021 £201 and pald fujids of£Nil12021 _ £861 oji beliall'olihe Ctsiiinbjley Cotnmunity Parthership. Creditors due wihin one year includcs iht follo11￿ng liabilities, on ivhich s¢curity lias ￿en given by Ik charity.. 2022 2021 Loans and Ix)rn)winBs 63,420 63.420 iAi¥ns and ix)Trowiw are secured on tlK long lease1￿Id property. 17 Crtditors: amounts falling d¥e sfttr one year 2022 2021 LA)ans a[￿ bom>wings 1,096.047 1.159.467 Creditors allyjunls Idling due aftcr morc than one ycaT include5 the follomyng liabillli￿ 14lJtch 5tt1Wity has been giv¢n by lh¢ charily.. 2022 21I2J Loun5 and tM)rroiviii& 1.fl96,047 1,159,467 IA>ans apd knrrowing5 &re sccurtd on th¢ long leasehold PTOPerty. ItLcludcd in the credilur¥ th¢ folloiving atnuwits di1¢ aftermore than five years". Z022 211ZI After more th&n fJv¢ years by It￿1r[￿lIS 874.077 937.497 Borrowings due after five years Loan5 of £530,52712021- £559.5381 from Fulurebuildery Engl￿￿ accrue ￿terest at 6% and a]r 5¢rured by a charge on all long le￿hOld p￿￿TlY ¢xceo the Medical C¢nlre. ￿payMe[￿S are spread over a period of 25 yeor5. Interest is curJEntl)' i￿Ing waived on Ihcsc loans to Marth 2024. A loan of £628.94n 12(121 £663.3491 frotn Futurebuilders I."Nglaiid beats inlCTC￿ fulurelJu¥ldttrs England'¥ stsnd3Td r#1¢ ILutrtttily 6Ytsl, is repayabl¢ over 26 ye￿￿ and 15 5ecuT¢d on the m￿ical Ctlltre. InteTCSt is currcnlly i￿7n8 ivaived 011 Ihcsc IooJk8 io March 2024. Pagc 14 CuttlD¥ley Community CeDÉre Notes lo Ihe FAnaJhcial 5tatemellts for the Year Eoded 31 December 21122 18 Commilment% Other fillnncilll ru￿￿11ments The LOtntni￿neiiI below relai¢s 10 Ihe total future ITLiliitnum lejse paymenis undera tLon-caJicellable 0￿ratITIg l¢a*. l-he iolal amouni of othcr financial camtnilrncnls rjtsi PTovidcd in thc financial 518lenKnls £12.029 (2021 £15.71M}. Oper#ting Itfi$es- lessor I'he total fuiure min11n￿￿ lea% receipts Iretlts reeeiviblel, for eaeji of the following periods.. 2022 2021 145.184 559.942 224.585 929,711 Not latcrthan one year l.atci than ycaT arKJ not la￿r than fjve ￿&r5 Later ihat) rtvc years 153,095 552,559 91.991 797,645 The coniingetil r¢Dt5 r¢cognisYil as itlcome during Ihe Ye￿ ivas £153.095 {2021- £153,095) 19 Contln2etht liabilitits 'Ihere is 8 coThlingeni littbiSiiy of £315,582 in relation lo a legal charge held again%t the lea%cliDld property kno%4ffi as Q>iiingley Commuwty Cci]tT¢. Liiilelllods. CtsttinLley, (Previously knoivn as The Cottingley Cornerston¢ Certire, Lilllel￿d￿ Cullinglcyl. Thi5 Irgal ilidrge is iii relaiion ￿ a 8Tant PTovided lo IhB cliarity hy Bi8 LA)ttery l.uiid for Ilic Col￿TuC111jll and ￿￿bIshmenTS of thc PFOP¢rty attd thB estsbli8htnEnL the gtant is repayable in fi]11 if ibe ctwity is in breach of t1￿ grani Londitioiis ￿Y lim¢ pi'ivr Iv ili¢ ¢xpir4tlOD of the grdiii ￿ri0￿ Ivhieli is 2U y¢ars Irotn 23 Junt 2008. Sinec thc ytar cnd The Big Lottcry l-.und have stated ihai they longcr rcquirc Ihis charge aiKi steps aT¢ being tsken to Irgist¢r th¢ 5alisfa¢iion. Pdge 15 Cottinglcy Comnjunity Cen¢re Notes to the Fin3n¢ial Statemellts for tbe Year Ended 31 De¢ember 2022 20 Funds BAlante fit 31 De¢em￿r Balance at I JxnuHry 2022 Resour¢ty expended resourLts Unrestrict Geiieral 619,646 341233 1302,7621 659.117 Rt5trieled fund5 Pro￿rtY Food bank 140lidJy clubs l Youih sports Job cliib 471.758 50 3.750 746 15621 (971 (4,350) 746 471.196 47 10,000 9,400 Restricttd 476.304 10,047 15,755 480.596 Tot&1 fllnd$ 1.095,950 352.280 IJ08,517 .139,713 11?18nce at 31 Decefftber Bal4Lce at I JxnuHry 21121 lll¢oming re5outtes Resourtes expended 2021 UDrestrieted fu￿d$ (icncTal 541,083 385.487 {306.924) 619.646 Restrieted funds Pro￿TlY Food bank Holiday club8 l Yothli Sports Joh cliib 472,425 72 4,700 746 16671 47t,758 50 3,750 746 269 10.000 110.950} Restrieted f￿ndS 477,943 10.269 111.908 476,3U4 Ttblxt fund5 1.019.026 395.756 318,8321 1.095.950 Pag¢ 16 Cottingley Community Centre Note5 to the Financial Statements for the Year Ended 31 December 2022 21 Analysis of net assets between fund5 Unrtstricttd fundg Gentral Total funds at 31 Dceember 2022 Restricted fvnds Tangible fixed assets CuTrent assets 1,733,911 160,187 {138,934) (1.096,0471 471,196 9,400 2.205,107 169,587 (138,934) {1.096,047) Current liabilities Ci'¢ditors over l year Total net a5set5 as at 31 DeceinbeT 2020 659,117 480,596 1,139,713 Unrestricled funds General Total funds at JI December 2021 Re5tricled fund5 Tangible fixed assets Current assets Current liabilities Creditois over l year 1,735,981 185.745 1142,6131 ,159,467) 471,758 4,546 2,207,739 190,291 {142,6I3) 11,159,467) Total net assets 619,646 476,304 1,095,950 22 Related party transactions Dui'ing the year the Lharily Inade the following related paity transactions.. Patricia Smith, Val Challinor, Steve Peel's and Doug Threlfall Patricia Smith, Val Challinor. Steve Peers and fjoug Threlfall were meinb¢r5 of the PCC of St Michael and All Ang¢l$, Cottingley throughout their term of office. The PCC ar¢ the ben¢fici31 Ow￿£r5 of the freehold site on which the l(Jng leasehold preinises (operational and investinent pi'operties) stand. None of the aforeinentioned ¢an derive any personal benefit from their Imeinbership of the PCC. At Éhe balancc sheet date the amount due tolfrom Pab'icia Smith, Val Challinor, Steve Peers and Doug Threlfall was £Nil (2021 £Nil). J T Hendry (M Hendry spouse) Received reinunerdlion of £Nil Q021 £3.496) froin Ctsttingley Community Centre for providing housekeeping services to the charity. At the balance Sheet date the amoullt due tolfroih J T Hendry was £Nil (202 I - £Nil). M Hendiy was a trustee up to 31 Deceinbei. 2021. Page 17