Company re8istratton nwnkr. 05021440 Charity rrgis¢ratÉon n1#nr.. 1103382 Cottingley Community Centre {AcompaBy limited by 8IIWWLt¢e) ADnuaE R¢rATrn •Dd Finwittl srnets forth¢ Yw EThJed 31 Dtccrob¢r 2023
Cotlingley COJnmuDity Centre Contents TTus¢¢es' Rwt I to3 sta*t of FiDancfftal Activities Notrsts>thc Slaf¢m¢Dts 710 17
Cotllngley CommRDity C¢ntre Tnsttt8' Report The trust¢¢4 ar¢ di]TS for the PurSe5 of comparly law. prwt)t the pOrt together with the fcIal aments 8T¥J auditots, port of Ihe chatitsbk cotBpany for th¢ ycaren¢J¢d 31 D¢<£Enr 2025. Trustèu and ollk•n The trusie¢5 aA(F offittrs the year and sitt¢ thE yew end follo Trn5tees.' Dou8las Threif811 Anthony HeI(M)d Pathcia Smith Jtsmes Willia BriAn Parker skve Peers Richard Worsley{fesiwl 9 Janw 2023) Rcvd Lindsay PearsOll{ap[1Trted 20 July 2023) Revd Athw Clark¢ (Op&1¢d 25 S¢pt¢mlKr 20231 RaY1rnd Edwards {rWied 25 Sepianber 2023) V81 Chlllifjor (resigned 18 Mch 2024) Th¢ Cthtingley Comrnunity Ctrth 15 a c4Jmpany lirNi¢ed by 8wth. It w&$ irwwratcd on 21 2004 and tt berIte a Te8iS¢¢rrd charity M 26 April 2004. Its governing doctmnt is its memorandum and artidt5 of aw¢iatron. The nllrne w&% ch¢d from Tk Cottingiey CometstonE Centre in July 201B in ord¢r to cmphasise thE PUfP05c of the The dlftr1o who are akn Ibe trvgte¢8 of the charity. meet regulsr b&8is to review prngrt. Th¢ir are Set out OAPAE¢ l. The vicarofst Nftehl & AN Ay14 is onex officio &e¢lr. The Bishop of Bradford and the CThUrchWaTde actin8iofrtty. of St Mi¢hl & all Ang¢15 ¢h Th)min trubtrt d the cOtti¢Y Phrwhial Chur¢h Cowjcil nomin8te two further truslees. 3 tsuse5 8t¢ apw>ADted rep¢1 the ¢Onu[hity. All trustces aTE fully involved in th¢ decisions of the rjwity. The Islee& sh1 IwLicJs othErwi5¢ dekmiined by ordinary twlution) Bumbtt teL A H¢w 4nJsi¢e may br Bppjinkd by i)rdirwy provid&1 th¢ app)ivlnKnt d$ not cause number of trustees to ex4zed te]L All tnwecs receive ¥propriate indllction and trainin8 resp¢¢t of their Tol¢. Thc frnstee4 addition to the origillaj 5ubscribin£ m¢mlKJ& att the )<Ts of th¢ Comparty. The Tfustees 1[& in sub i#)mmiltrs for HIL & Risl PKJperty Cthing. The Ceth employs a CentsE maDager, ¥thnie L8Si•thL lEokeeping 5thff aTh4 ¢arctsk¢r to als1 wlth the day to c10sts as ncetsJ.
Col¢ingley CommuDity Centre Trustees, Rert Relationshipj witb wltd pxrti¢J Reknted Partl The ¢hwÉty IJB5 rontittued to work in parther5hip with Btadford Metro1110 Distria Coun¢i( CottinBIey PCC ond Leeds Dioc¢wBoard of Fitipft. Al&rSS Flpwrtclolvlabllity The priuripjj risk of the clthTiry is that it will be unable w bring the sthme tts viability through Ik of IlJndiDg or The tru5tccs h&ve obtsined profOnal ttdvire alld a55i5tan¢e in raisitig th¢ requited The tnJ5te¢5 fOll5thntty moniiorithg the OD80ing w)sitiOAL Th¢ trusfres hfyve identified other risks alld rtgularty ¥1£W the miti8AtiO110f $LKIL ObJt¢tlw adivitk4 TILe purpose tsf the ¢harity to ph)vide &caltti¢5 artd S¢T¥ices for the p¢ople of Cottingley and tkn Rei8hbourtLoDd Ihtreof operalc a tommunity ¢entre for puryw. All branches ofthe local comfflunty are encowB8ed to us¢ th¢ ¢¥t)tr¢. P4bfic beMeJ71 The tru3ts¢5 colth that tbey bBYe ¢omp]ied with the requir¢m¢nts of lOll 17 of the Ch8ritiE$ Ad 2011 to bave due regardto the wblic bEn¢fit 8uidance pub115d ty the Cltarity Comrtii4sion for En8tand Rnd Wth. Athkvtrments nd performAte ThtouEhout th¢ y¢ar the activitiesof tt C¢mrE have con11ry •ltknugh thepi$l0 of a ¢&(é IM8 rethTrd to two dty$ per wcek followiDg th¢ resigDatÈon of the cat¢ring maDagcr. The ¢at¢ring i5 suprx>rted by stsff sThd¢nts of Bcechcliff¢ School. A mot)thly Friday Comrrtunty Lunch hp5 emblishcd. knov¢s have been A ¢h8il¢ftg¢ ill 2023 r¢5ultiDg in WO b¢iog cfttTi¢d out oll the tentsl propertw. AdditIonY all dooyswithin the ptemises l]ave bEenp[a(£dto current specifftatiOD. Undcr new£knBir the tsu8t¢cs are ieviewiAg th¢ plan with 8 view to m&kirtg bett¢r pr4)viston for Sl[S ofthe Collingl¢y Cornmty, The tru51¢cs coniilluti th b¢ wllt¢fi to the volunte¢rs who b&vc &8sis¢d with lh¢ day to dthy oiriion of the Flots¢l•l revkw 77LC unawjited fina181 s¢Tn show the firn¢la1 ttansaGtion5 for the ye. ThE unthcted surplus for thr year arises du¢ to the genemus gllpptsrt of Th¢ Social Jnvestnwbt Busine55 ISIBI ill m&kitig the loaD5 intere fre¢ for g annualty ffvi¢rd peno¢ curffntly tndiD8 3T March 2024. Inler¢5t would haye heett ¢harg¢d undcr th¢ temis of the origi&&t ugreemenl in thr order of £67.665 12022 £71,471). Thc UDrestridtd surplus of £47.678 (2022 £39.471) ThTs &ppli¢d inmakiog 1oaD repym¢]ts of£63.42012022 £63,420). The up by withdr&wa] The r¢sultsnt wetV¢5 will agBin be used to fiEnd fi#tw¢ IDlln Te The fllw Iotiks chaJl¢ngtng bui m&n8Eeable wtth activity ext*ckd to be at le&%t m¥inlainEd at th¢ cuTheRt kve15 subjc£4 to the c4)tsiitiued support ofThe SOCI lttv¢mm¢rtt Busine5B [SIB]. Pa8e 2
CotéiDgley Communlty Centre Trmstees. Report Th¢lrust¢¢s' aim is lo Frt)Id a Jrscrve of net a8s¢ts tqulvaient to 6 mo]Jths ove11rt Thts will nol be achieved JD1kmlty The chority piid in5uwance wemiwn5 to pmthb)mify tn¥5tcs from any ID5S rttyn neglect or (kfaults of or 8tr&nd any loss. Cotiin8l¢y CommuDity Centr¢ 8LIs &9 a Custodian for funds rai5¢d by Cotiillgky Comjnunity Pafillcrsbtp [CCPI At the ye8trerf £2,969 {2022- £2,969) wrt¢ heId by th¢ charity on bEhalfofCCP. Pl•D$ forfutsTe perlodi AIMI fjftdkey obJethÉ¥fvrfwthreperf•d5 vrith thc Iwstsre of arCh inlo the needs of the community of Coltin8ky and foltowing thE strate8ic &%view t4rEetpAJ bids for l¢Utp[jC¢ts WLII be rnad¢. Smalt comyo1¢s proybloj 8tstMt¢ttt Thi5 TeTxirt has been Prepued in accordance with the spccial T>TOVi$iOTh to Ly)mpanies slj¢ct to the smfyll ¢0mPBrC5 reeime within Part 15ofll Companw A¢t 2(rfJ6. Th¢ atla[ WwaS approvedty thcth]stee$ of¢ crwityots 9Iuty 2024 ar1 s¥dOn its tsIrbY.. Re d Lindsay F¢fin Ppgc 3
CottiDg]¢y Communlty Cetttre Independent EJmiDer's Report lo the truytees of Cottingley Community CeDtre {'¢ht Company I PDft to th¢ ¢Ewtty tnr5tees on my eXaMi10n oftho J¢ryJynts ofthe ¢lthTity the yeor ¢nd¢d 31 Dec¢mber 2023 which arc sct out on pa8es6 to 17. RwpowlbS1ilk$ h#iJ of rnport As th¢ ¢barity's trwstees ofthe Comp8my {DtMI akn its div¢¢torn for Ihe PUTP)se5 of compAtty lawl you at¢ Jr5P)D5ible fortkn Pp&tIo0 ofthe accourts in accordall the E¢qUints of& Comp1¢&ACt 21106 ('the 2(6 ALX,). Havin8 satisfied mystlf that accounts of the coMpY 8re [t required to b¢ suditd under Part l6 of ts 2006 Arl and e ¢ligibl¢ for itidwa(kni examiofjtts I r¢wt iD restdofmy eX1th ofyowrhgrlty'$4¢Wts &$ catried out under section 145 of th¢ cl111¢5 Aa 2011 {'thr 2011 Aet.). Io C&Trying my ExathiDatioD I bave followed th¢ Directions given by the Charity LomtDi55xon under s¢¢tion 14515Xb)of Ibe 2011 A£L Since the cornpanS 8toss ino>me exceeded £250.1100 your txa[ller must bea Drnber of a listed ID x¢tion 145 of the 2011 ACL IcoDfmn that qvAltficd to unthrfake th¢ becausc E am amtmt¢r of ICAEW. whtch is on¢ of the listed bodi¢& I have ¢ompleW my ex•mitiatI I wnfinll no hwe wme ty my 8tiethi¢m LWn¢¢tl exatiiinalii¥J giviDg me caw t(> lIev& l. ttccounting teconls We not k¢pt ID respect of Cott]tigY Commlmtty C¢th as Tr4uircd by section 386 of the 2006 Ac¢ or 2. the accounts do aot vcord with those records; or 3. thc accounts th ntst wmply Mryth Iht acwunting rquinnents of s¢dETrJ 396 of th¢ 2006 Act oth¢r th8th any reqUire¢t that the give a *ue and fair view which is not a m&tt¢rconsideRd as p3rt of an iD&pendent examinlltl or 4. the acconIS have T1 prEpaTtd in a¢u)r<kn¢c with the nthods pri#¢lpk5 of the Stdem¢M of Recommend1 PrartiL% for e0ting And r¢porting by charities IftppjibYC to charit1¢5 Preparing thEtr arcouDts in accordancc M4lh thE Financial lie1Th8 stand}pplicable in Ihe UK ond Republic of Ireland IFRS 102)]. ve no conccnw 8nd h&Y¢ com¢ acr no oth¢rmau¢ts ID colln¢cttoD with ¢xamtn8tson ty whl¢h 4tt¢ntion Bhoum be drawn iti this fePDrt ord¢rtoen&bk aprop¢r uDd¢rsiBndiD8 of the k¢Gounts kn be Teached. Selinaj AnDitag¢ FCA Watson Buckle Limited Brhdford 9 July 2024 Page 4
Cottlllglry CommuMIty Ctntre Ststemena of Activit1 for the Ye8r Ended 31 Deeember 2023 (IneludiDg Ineome Dd Expendithre Account) Utyrestrictsd Rejtricted funds Tot•1 2023 T•tsl 21)22 G•Denl Note lrt¢om •Ddowments from D(pnati0Tr5 and legacies Other troding A¢tiviUes InveStsemS Clklritable activities 78,114 81.714 2,1101 154.294 90.837 810 85,553 3.302 153,300 108,993 1.130 154,294 90.837 810 321056 3.6 329.656 352.280 Raising fid Charilable tidivities (i.ioi) 1290.340) {307,416> 1290.340 (278.378) 278,378 (11.962) 11.962 Totsi ¢xpeodi¢ur• F4¢t mDvement ill f$ 47 678 39.316 Recondliln Total fd5 brought foThwd Totsl ¢ried foTNwd 659.177 480.596 1,139,713 1.095.950 706.795 472.234 1.179.1>29 ,139,713 The bT¢akdowtt for 2022 is shown innotr 19. Tr¢ noson pws 7 to 17 fomh an iThtegTal psn ofthe5¢ fmancial s15. Pa8e S
Cottingley Communlty Ctntre (Registration number: 115021440) Balaote Sh¢£t 43 at 31 DecU1b 2023 1023 2022 Note Fixed ajstts Twwibl¢ &K¢ts Current •sts Sto¢ks Debtors C&8h at bank attd tn hllnd 13 2,202,473 2,205.107 1,455 61.889 102.169 165J13 1.806 79,869 67,912 169,587 14 15 Creditors". falling dne one year et euyrent 5yets 16 15fi332 138 934 9,181 Total afJets Iw ¢MrrtDt IF#bilsti 2.211,656 2.235.760 Cre4Jitors: AD)outtts flli&B thit ft•r more OD• yeAr et •wts 17 1,032,627 1.096 047 ,139.713 Fuod$ of tb¢ ¢hArlty: R¢strlet Income funds R¢5tricted 472.234 480.596 UnTeslri¢ted fithts 706.795 659,117 Totsl 19 1179.029 1.139 713 For the fjDan¢iAI yew dIng 31 D¢¢¢]lllKr 2023 th¢ charity wag enti to exemptiom audit UDthr 8edioll 477 of the Companies Act 2006w¢latin8 to small comwi¢& Direcknr4 resp)DsibIliti.' Th¢ membon havr not reguiTrd the tharsty to obtsin an audit of its wunts for the year in qstion in accord with sution 476.. and The directo a¢kwwl¢d8e Ih¢ir R5pollsibilities for wJJ)plyitig with th¢ requirem¢tits of tl Act with t¢sp¢¢t to 8ccowrtin8 recorts preparatt of accoun The fllwiciat statements on pttges 5 to 17 were approved by the tntste¢$, od autholised for on 9 July 2024 amd signed on theirbehaTfby'. ADthony He$5Elwoud Tru5tce Th¢ tLOteson pw5 7 to 17 forni an inte8rn] part of fanCIal sthtemeajts. Page 6
Cottiogley Communlty Centre Not¢s to the Flnancknl StstemeDts for Ibe Year Ended 31 DecembEr 2023 Cb4rity sta5 Thc charity is liJpit¢d by guaTallte¢. in¢oryorated in EDgJaad and Wale4 and cOqveIlY does aot hav¢ 51ENre capitsl. Each of th¢ trustees ts liAbl¢ to contributs WTfLount excthbfjg £10 toward5 the &ssets of thc charity tl ev¢n¢ or liquidation. lkns¢ firwKiaJ wtre for isstr by the trsOn 9 July 2024. The Bddtess of its ttgistered offic¢ ts: Littl¢land5 CottiDg]¢y Bradford BD16 IAL 2 A¢rountiThg polirhs Suththary of 8ttifi¢nt accountlng Po¢14 and key #¢¢ouDtiD8estlm*tt The prillcipal 8cwuntin8 tK)Jicies applied in the prePtiOn of thE56 fla1 Jlatem¢nts are set out Trrtlow. These policies have b¢¢n con5iSteMIy 8ppliedto atlth¢ yeors prt5ented. wdegs otherwise Slttled. St•t•ry¢n¢ of ¢ompllAllC• The financial 5tstcJneJts have PTCWdred in a¢rordarttt with AccolIng ad Re[7n8 by ChaTi¢ics.' StsteMl of Recomm¢nd¢d Pra¢ti(¢ appJicabl¢ ¢0 £baritie5 ppaTillg their accounts in aCrd#t% with the Finan¢id RVItiR Standard 102 The FÈnHncial Repotltng Stsndsyd appTichbl¢ in the UK and Rtpublic of freTand {cffettive I IABuary 2015) and the CompauLes Act 2006. The cntity meets thr dcfjnitton ora public Ecnefil ¢nliiy under FBS 102. B&Jls of prer•(lO The fitriancial 5W2m¢nts have prTed thE historical COA conveotion in accordance applicable Uniled Kingdom A¢cOnIlg Stsndard8. A 8llmm of the prinripal acwunting pTrli¢ie4 wtsith h&Ye been aled ¢onsi&ttntty. eXp1 where set otst bEIow. Thecharity's fiwiotwl 4nd preSentsOn ¢rncy is the p)und sterlin tontern The trust5 COD5ider that thre are no m&tertal unctrlainlies a1 th¢ charity's abilty to coMinu¢ ts a BOiD8 wn¢¢m Jr any signifi(xnl ateasof untenainty th&t aff¢¢¢ the canyiJ)8 value of ]d by the charity. The flltaDciai have t¢eThpr¢p8ttd onthe 8oiti8 con1 knis the truste¢5 beE1c thAt this 15 appwpTiate. The trustees ffgularly monitor Jiquidity and ]1¢¥¢ th&t athivitie5 be Susthitd for the fotes¢¢8bl¢ firture ill light of the continuitig SttPPDrt of fi]nders. Thr fillld re¢oglli5c thaL since the majority of US¢TS rely on duECt or indwect GovernDwI Futsdlljg and givcn th¢ ¢utrent uBcettain¢y about l¢ve15 of f Fulldu etst8 Tllay 0ul whlch ate Outside their control snd which have an 8dv¢The effect on the viability ofthe centre. Eiethpti from prepAfi4g a fasb Ilow tement The cb8rkty hav¢ tskcll adYarÈW ofthE cxempion has Dot inthdEd a c¥Jh tIow slatct inthest 5t8lem¢n Page 7
CotlillRlty Commuwity Centrt Note8 to tht Finaacial Ststements for the Ytar Ended 31 December 2023 Fknnd structure Un5£t¢d illcome fimd5 arc gell1 aJr avaijabk fw tl tnLSte¢l furthew of the obi¢¢tives ofthe chanty. Re3trict¢d fun(b those doDated for use ill & pthicular or for gFfcific pryse& tk u of whi¢h is rcstricted to lh &TCa orwtrKA)se. ltttome eodowm¢4)ts Ail iDcom¢ recowMs¢d onc¢ tl% charity hag entillemcllt to the incom4 it is proboble thwt the iw)D% will b¢ Jwiv artd th¢ amourrt of the tncom¢ Irccivable ¢atL be rne95w reliably. Voluntary ITme is receiv1 by way of thnatio ad 8ifis is induded in illthe statem1 of t[Will¢S wILen rcceivabl¢. Donaied 5erYi¢¢s and facJlÈties are includ at the vdye to the charity where Ibi$ (4n qts&lltifred. The valuo or s¢rvices pn)vided by volunteers b&$ not b¢¢n i]ude¢L GifL8 dow¢d for resale are tticluded incoming yesow¢es within o¢rfvili¢5 for serffltrtg fvnd5 whEn Ib¢y 81¢ Grants wh¢rE tDtitkTrJ¢rt is noi condri101 on the deliv¢ry of a SPEcific FrfoTmance by tk chty arc reWls¢d when the cFwity beeom¢s Unlxynditiol]Y elltilled to the 8tattL Gr8nts ar¢ wJ)gttised WIKD the ¢h•tity aD Pthti¢kmeu¢ gndaDy ¢onditioDs linked to the grnnts t¢ mel. Wh¢re rrfornance condition8 are #ttached to the wt and are yel to thc in&)me is wistd as a liability 2nd illcludedonthe baJaDce sheet as defeed income to b¢r¢l¢ased. Incow fffom inve5tmcnts 1$ ind¥dEd in the year in which it is Tectivable. I Wendilu ffWi5¢d once i¢gal or conSve obligation lo CxrKnditi. it 1$ PTobablc 8¢tt1¢mMt is required wtd th¢ amount t&n m¢a5ur¢d reliubly. AJI C0&5 ar¢ allOced lo the #ppltcable ¢xp¢ttditur¢ headrng Ibt 8ggr¢ga* similaf costs to that te80ry. IVher¢ $ts be dire¢¢ly altributed to pirticutar headings thcy have been allocated a basis consithnt with the use of ¥esource4 with central staff ¢J)5t5 allocated ott the b35i5 of titne sp¢JaL and depreciation chargcs alloc&tsd on th¢ of the ass¢t'$ use. Other vjsts ate allo¢attd byyed on the spw•d of5talTcosls. aGlivities that rai8¢ fund& Ch¢v¥¢oble odilrylles Charithble exprNdilure conwses thos¢ c03ts incwTed by th¢ charity in thE delivery of Èts acttviti¢$ 5crvices for its Fknefjcitries. It in¢lutk$ both ¢osts that be ajtocated directly 10 5u¢h aLXivities and those cosls of on itidirect D&tute necessary to support them. Pa8e 8
CottlDgky Commtynity CeDtre Notes to the IfiDnelal StstemtDts for the Ye•r Ended 31 De¢¢mber 2023 T4x•tion Thc charity is codered to Pas5 thc tests Sel out itt Paryaph I Schedule 6 of thE Ftace kn 2010 aYLd therefore it Jnccts the de[lU0 of a Latitabk CompY for UK ¢owtKTrrntion lax purw>s¢s. AcwrdiDgly. Ib¢ charity 15 W>tcntialty ex¢mpt from taxation io respt ofifitOffl¢ QT capltal satns received within c80ri¢5 ¢ov¢r¢d by Clwr 3 PArt I I of th¢ Cowation Tax Ad 2010 or Sectton 256 of the T&xalioo of CbgeAble GaiDs Aa 1992, to ext¢Dt thfti gu¢b $rlt orgains are applied extlusively to eharilable purp)& TAnglbk fixul #55ets Indivsdu&l fixed 5¢ts ar¢ ithltially T¢TI]e &t COJL le&8 Subwuent awvmuTfjt¢d Ip]lion and SubseqnI utatsd impft1rnt low& D¢preci4tvJD and AE#tsrtis4tioD Drpreci&tion is plovided on tangible r]xed to 11¢ off the wsl or valubti less gny egtimated residual valu4 ov¢rtheirexwtd u5¢fuT economic life a5 follo. Iwehoid orthtional proFrties- straight linr overthc lifc ofthe IEu¢ Fixtwes, fittig5 aDd wuipm¢th- 20% su8igbi litte Tang4I1e red 8sts held for inv¢stmEnt puiiKygeB u¢ wried the tsustr$' YHluetion artd ate tkn)t thprttiated. This is departurc from Ibe Comp1¢5 Ad 21Xt6 however tkn tEUYttts lieve depreuaiing th¢ asset pll)uld nDt wv¢ a tr and f8tr vitw beuse li is kld foriDvetstrwM¢ &tsd tsot for st{k Sto¢k b valued at th¢ lower of cosl alld ¢5tillwd 5¢lliD8 Ptice Ic&5 fOSt5 to compI¢t 1( after due ff¢g4rd for obsolel¢ ond shiw moYin8 SfvGLs. Cost 1$ d¢t¢miined using the fjrst-lft, fiN-ou¢ (FTFOI. Gov¢rttmeot EfADts Gov¢rnrkeTrt a¢r¢cogni b&scd on the accn]al aThJ ate meth at tlr fair vahx ofthe at 1Ved or r¢¢¢ivknl& Gfants ay¢ d&%5ified as Trlatillg ¢ither to VeDuC or 10 rnlating to reVene gre . trICQn over the Friod iti which the tt18t¢d costs are 88]sed. GTAtsts to &%ts ar¢ r¢LY)8D1d ov¢r th¢ ¢xpe¢td lifr tsf the Where part of a grgnt T¢]lg to #D is deferrf it is tecoKDi5gJ defetred Hire purthA¥E fmantt Ikases in whi¢b $vbsantial]y all the risks and ffwards of ownshIp aTeined by the lewr ¢tAtsifd asorErntinE kJsc& Rentals payobl¢ under op¢rnting Ic&w ate charged in thE Stalemeni of Financial Aclivilies on a strnighi line basis oveT the le•g¢ ttym. Fknatyciil instruments Thr rlwity only fjnancial wtd Itabitiiies of a Jund that qualify a5 b&¥ic firwjciat In$trthrlts. BLC f¢11[ In51ntmet initially reti)gllid &t trarL5action value hnd $ubE¢quently measured at their 5&tlem¢nt VBIU C8Jh and tash tquivleDts Cash and cth ¢quival¢nts compri5E rash on hand and ca]1 and otkn Short-l liquid investr that are reAdify wnv¢rtille to a knKbwn amount oft&h •nd are subject to on Insignificant riskof change in valuc.
Co¢tip8l¢y Commutiity Centre Noles to the F¢11 steellts for the Y¢4r Elld 31 Dec¢mber 2(123 Debtorj D¢btors ate reOiSed iDitidly they become du¢ at th¢ ti>JLW pritt Th¢y aft 5ubswueAtly m¢&%ured at athortiKd rost Using the effeLtiv¢ itit¢ft51 r4te uJetho¢ Ie55 proyision fw ]mlIenL A pwvisron for impllinnent of debtors is ¢st8blish¢d wlxn there 1$ obje¢tiv¢ Cvidcnce that the ¢harity wm not be able to colJ¢¢t oll due acwrding to the original tern ofthe debtor& Credllo Creditors arc obli8atiotts to pay for goods and services that h4v¢ becn aCqUid by the chvrrity. Creditorn ore inatialty gnised at thtt8rLWtion 1¢¢ b%quenlIY meVd amorti&rd cost Usin8 th¢ ¢[[1¢ Inte51 method. 3 l#eo)n* frnm dona¢ioD$ •nd leg4ti Total 20 Totsl 2022 CenerAI R¥¢ricted Donations and le8acses' Donalio GrAnts. including witsl Erwm. fiovernment Cirant ntaing Ints 69.194 69.194 72,720 2.0(Xl 10,835 (920 78.114 3,600 J2.520 85.555 4 IDtme other tTxdiDgAetlv5tlt• Unr•¥lrk1 T•tal 2023 Tolal 21122 Cener81 FundraisiftB ¢v¢ttts 2.IXII 2.001 3.302 5 IDvgs¢m¢Dts Unrestrl¢t¢d ruDds Geaer31 Tot•1 2023 Total 2022 Inlcr¢5t trteivablr th similar income. Inlerest receivable otybank depTrsil8 Ir¢wm¢ from rents 1,199 153.095 205 153.095 153,095 154,294 154.294 153.300 Page io
Cottlngky CommuDity Ctntre Notej to tbe Fin&DelaR Ststements for the Year Ended 31 DeeenbbeT 2023 6 Inwm¢ from tharltabk artivtheJ Unrestrktsd funds Totsi 2023 Tot•1 2022 GeneNI S8te& rwm hire 8nd a¢tiYfty inwme 90,837 90,837 108.993 7 Oth¢r thtome Uorejirict Tot 2023 Totsl 2022 C•o¢rAI 810 810 8 Expendlthre rauing ftymds ) Costs Of tr•di rtivlllos Tfrtsl 21 Tolal 2022 FuthisinE i.ioi i.ioi 9 Expeadllur• on ¢hYitsble cti¥iti¢s Unrestri¢i¢rt f¥ods Tfjtsl 2023 Totsl 2022 CeDerAI RÉ*tritted Op¢rntiEkg costs Pternises ¢05ts LO interest Deptecialionetc. 133.329 75,314 67.665 11.400 144,729 164.395 75.314 68,918 67,665 71.471 1632 632 290.340 307.416 562 278,378 11,962
Cotthi2l¢y Commtsnlty Centre Note& to the FlnaDdsl Ststements for tho Year Ended 31 December 2(tt3 10 Net rypurr¢J Net ij]ng for the year include: 2023 2022 tkpTBCiationof fiKrd sets IDdcF¢ndeni examin&s fc¢ 2,632 2.990 2.632 11 Trn¥t¢# r¢mutrAll•ty txpense5 No Iru norany persons CODD wkth have ree¢iYed aDy remuneration from the clh&rily dLwiDg thcyw. No tecS have tt1ved any Ycimbwstd exptnses orY other btncfits frum the chority Ih]ring Ihe ye•r. 12 Stsff eojts Th¢ pgymll ¢0Sts wm¢ 0$ follo8.. Employwent Wages and saiwies etc Social securtty cosL8 Pensir>n co 96,848 1,714 1,890 100,452 104.919 .742 1.837 108,498 Thc llK)Athly avera8e number of persotL8 {includin8 gerrior mBrwt I Icadership teAml ernpIoycd by thc charity dwing th¢ y¢ar¢xpT¢sxd &$ lim¢ ¢quiv8]¢MS hs follow" 2023 21J22 r40 No employe¢ Ttteived emOlunl of Thre th £60,000 thirin8 th¢ y¢ar. The tal employe¢ orth¢ k¢y p¢rnmlofth¢ ¢lwity w¢r¢ (2022. £KIl). Page 12
Cottlngley CommuDIty Centre to the Flnan¢ial Statelnents for the Year Ended 31 December 2023 13 T•llble tlxe41 ets LoDg le4sehold I8 le4$ehold Flxtllre4 lfjv•stthenl op¢r2tlooo1 rittings property prnp¢rty eq¥lpwt Totsl Cost At l January 2023 At 31 D¢c¢mtrÉr2023 1,926.163 1,351,747 150,040 3,427,950 1.926.163 l J31.747 150,040 3,427.950 DepFoellltsn Ai I January 2023 Chw forthe y At 31 Ikcemr2025 1,1)72.803 150.040 1221843 1075.435 1223,475 N•t bookvilue At 31 De¢¢t)b¢r 2023 1.92l163 276,312 2,202,475 Al 31 Dcccmbcr 2t122 1.921163 278.944 2205.107 AU the ka5flv)Id proEW is charged in sUprt of bortowings •nd POntial grant clowba¢¥ shDuJd condElio rLOt be adhered kn. Thc tru5ttt5 bclicve that tht C05tof lon8 lease1Id rnvesimerts PToperty tepresethts A fiirmarket value. The V&Th ofih¢ long lesehold otVdt¢onal prnty is jww wtittets lo eStinHI value which is consided kn br ¢quiva]ent to its value to th¢ thwity. havinR I ¢Stabliskd thB CLWtent InMe 8¢n¢thn %vhith ¢wn be suslaitKd IIDM o[w8tU ofthe prnperty. 14 Deblorx 2023 2022 Trade debkns Ptepayment$ and a¢¢nJ¢d ill1Me Other debknTS 45.380 16359 Iso 39,609 17,458 61,889 79.869 15 C*9& And cmh equl¥al¢#ts 2D22 Cash onband Cash fit batsk 1.541 100,628 102,169 1,345 86.567 87.912 Page 13
Cot¢ingley CommuDity Centre 0ts8 to the FIDanctsl StstemeDts for the Yar Ended 31 December 2023 16 Crediton: wouDts fKIDg due Thrfthlu 2022 63.4J 18,284 9,718 3,319 61,591 136,332 63,420 13,976 9,549 3,214 48.775 138 934 Tradccrtdito Other tIon aDd social seority Other credilors A¢(a]S def¢ed inLYJme Included in the other twJlTs ai¥)ve Is E2.969 {2022- £2,969) beld on behaifof the CttIt}g Commutyty Partlletship whEre the chllrity a¢ts ¢ustodian for the funds. During the y¢Ar thr cfftwily receiv¢d fvnrfs of £NiR (2022- £Nil) ynd phld fi]Tbts of £Nll (2022. 11) on lthalfofthe CottiD8ley Commw Pjjtiu. Cr¢ditors due withht one yegr incl]¢5 the followiD8 ]i8btliti¢s, on whiGIL (lty has 8iv¢n by Ilt¢ clwity: 21J23 2022 63.420 LO borrowkD8s are sed0 the 1008 lewI}dP[0Erty. 17 Credltovs: mouHts f•lling due *fter on¢ ye•r 21123 2022 Logn5 and bornwin8S t.031627 1,096,047 Creditors fa1Tft thie after rfy)Y¢ IhgA o#¢ ycar illclud¢s the followiR8 liabiTi¢i¢4 on which se¢uTity ha8 b¢¢ veTJ by thr ¢hoTtty.' 2023 1.032.627 1.096,047 and bDrrowi¥ ar¢ seced onthe lomg kas¢hold PWIrty. Itlud¢d in tIK credi1015¢ the following allerTVL)Te than five yejts.. 2023 2022 Afi¢r mote th&ll five yeaT3 by imtftb 810.657 874.077 Pwgc 14
Cottlnglty Commuttlty Ctntrt Notes to th¢ Finan¢ial StatemeDts for the Year Ended 31 December 2023 BorrowlDpthie ifterfive Y tA)an5 of £50I.5I712022- £530.527) from FUtubu11de[S En8iBAd ac¢n intrtest 6%and aTr 5ecuted by a charge on all lojjg IEaSelLold Frolty ¢xc¢pt the Medic41 CeDtre. RepayIenl8 are sp&d over a period of 25 year5. Inlere51 is ¢wYently b¢ÈNg {y¢d on thest lojns to l Deithr2024. A loan 4)f £594.530 (2022 - £62&940) frorn Futurebuilders ETrglaFtd be4Ts 7ntetest Fuiurebuil&rs EngJaNJ's 5tsndard f8t¢ l¢umdy 6%), is ttp&y8ble over 26 ye4rs Illd 19 Steurtd on t Medittj Centre. Inte51 Ag tU¢1Y ting waived onth¢3¢ loan3 10 l DK¢D)b¢r 2024. 18 Comthitmthts (hher ftIl commitmeDIs The Ix)Jnmiknt klow laStO tk total futwc miniMt le paymerkts aJK)IL¥b1e oWiDg I The of other fmanci o)mil noi pTrvidcdxnth fila1 stst¢m¢nts £7.901 (21122. £II029). OpeT4tiDg lu3es- kssor Thokntaj future mltiimum lease t¢eeipts (Tents weivableA for¢&ch of th¢ followiog riOdS: 2022 Not l*rthth one y L&terthanone year aDd tHter thgo five yeBYS 145.213 499,337 153.095 551559 91.991 797.645 644.550 The contingent rents regnIsed InMe d¥rin8the y¢4rw £153.093 {2022- £IJ3.095) Pagc 15
CotthiRky CoAmuLIty Centre NoteB to th¢ St#tem¢Dts for the Year Ended 31 Deeember 21123 19 Futtds Bxlant¢ gt31 D•coADb•r Bal•Dte It J kn¢oming JID¥ry2•23 expehd¢d 2fr23 Gerthl 659,117 326.056 78.378 704795 Rtstritted funds Propeffy Holiday clubs l Youth 48 471.196 9,4(Kl (5621 11.4tXI 470,634 480,596 {Rl,962} 472.234 Total fwnd9 1.139.713 329636 1.179.029 BlADee It 31 Dtcember BAlnt¢it I J8TrN•ry 2022 Incoming rsDurees Rejout5 UaTutrkt¢d G¢TrI 619.646 341233 302,762 659 117 471.758 (5621 {97) 14J50> 746 471,196 Food bwtrk HoEid&y clubs Iyouth SIS Job club 4? 10.(KK 3.750 746 9,400 Resirlcted funds 476.304 5,755 T•tal fvnds 1,095,950 352280 30&517 1.139.713 Page 16
Cottlnglry Communlty Cetttr¢ NoteJ to the FinaD¢i41 St•temuts for Ibe Year Ended 31 De¢ember 21123 2fl ADtttyJig ftrf net behrn fuNd¥ u11¢¢¢0 Total fuDdB at 3A December 2023 CeDerl Tawblc fLryed a55¢ts Cwr¢nt a5s¢ts 1.731.841 163,913 {156.3321 1,032.627 470.634 2202,473 165,513 (136.33Z) .032.627) 1.179.029 CtEditors oyw l y Total net P55ets &8 31 DeLmlxr 2020 706.795 472.234 UDrestritted Totsl ¢ Re81rl¢t•d 31 Dt¢eJttbEr runds ZO22 Gneril Taoybl¢fwd assets Cunrtst ws¢ts cnt liabiiiiies Cr¢diÈon ov¢r l y TOts1J 8¢ts ,733,9ll 160.187 (13&9341 Im6,047 659.lJ7 471,196 1205.107 169.587 (13&934) 1,096,047 J.139.7J3 480.596 21 Rtlttd party trns#tllthms Dwillg thr y¢aT th¢ chlty math the following lated partyttansacttons.. Rtvd Idttds•y PtÈrtsDy Patricli S•kh, ¥glChIllr, StevePeus *ttd Thrf1 R¢vd Litiw P¢8r$0 Patricia s[Dit Vai Clmitiryor. Steve Pr$ Doug Thr¢lfall We JTL¢mbets of thB FCC of Michael a1 AU Angels. COttiY througkn¥t thcsr terni of offi The PCC are the Fwfic&al owws ofthe fr¢ehold site on wthidj the long k&thld pmn15 (op¢rntional and ir¥v¢5tTrth propertits) 8tan(L None of the aforementioTred dtY¢ personat bcrtefrt f[0 tsiT M¢MbeiP of th¢ PCC. At the bRtance slleet daee the due tolftom Revd Lindw Patrici2 Smit14 V8E Chfijlinor, St¢v¢ P¢¢n and Doug ThreifalJ lI{2022- WII. Pase 17