Company registration numbci.: 05021440 Charily registration number.. 1103382 Cottingley Community Centre (A company limilcd by guaraTkleel Annu￿ R¢port and Financial Statements for Ihc Year Ended 31 Dccember 2024 Cottingley Community Centre Contents Truslcc5' Rcport 1103 Independent EkamineVs Report Siateiknent of Ftnaneial Activities Bal¥ncc Shc¢l Notes lo the Financial Sialem¢n15 710 16 Cottingley Community CeDtre Trustees, Report The trustees. who are directors foi. the purposes of company law, present the annual report together with the financial statements and avdilors, report of the charitable con]pany for thc year endcd 31 Dccembcr 2024. Trustee5 And offieer5 The trustees and oificers serving during the Ye￿ and since the year end were as follows.. Trustecs: Douglas Threlfall Anthony Hcsselwood Patricia Smith Jame5 Williams Brian Parker Steve Peers Revd Lindsay Pearson Rcvd Ar]drew Clarkc (resigned 30 Novcinber 2024) Challinor (rc5igned 18 March 2024) Strutturei governance and management Nuiiire ofgoverning dociitheml The Cottingley Community Centre is a coJnpany limfftled by guarantee. It was incorporated on 21 January 2004 and il beeame a registcred Charity on 26 April 2004. Its govcming document is its mcmorandum and articles of association. The name was changed from Thc Cottingley CornErstone Centrc in July 2018 in order lo emphasise the pU￿oSe of the Centre. Oryanistsliontsl striicliire The directors, who are a150 the Irustecs of thc charity, mccl on a regular basis to rcview progrcss. Their names arc Set out on page l. The vicar of St Michael & All Angels is an ex officio director. Thc Bishop of Bradford and the Churchivardens, actillg joiJrtly. of St Michael & ail Angels each nominate onc truslec and ihe Cottingle}' Parochial Church Council nominate ttvo ￿rthcr trustees. 5 trnslces arc appointed rcprescnling th community. All trustees are fully involved in the decisions of the charity. The trustees shall (unless oiherwise deterniined by ordinary resolution) number ten. A new trustec may be appointcd b), ordinary resolution pIovidLd il)¢ appointment does llot eause the nurrtber ofiruslees lo exceed len. All trustees receive appropriate induction and training in respect of their role. The trust¢es, in addition to the original subscribing member& are the members of the company. The Trustees work in sub committees for Finance & Risk, Property and Catering. The Centre employs a Centre manager. an administrative asststanl. housekeeping staff and caretaker to assist with ihe day to day opening and closing as nceded. Page Cottingley Community Centre Trustees, Report Relationships with related parties RelAted PArties The charity has continued to work in partnership with Bradford Melropolilan District Council, Cottingley PCC and the Lccds Diocesan Board of Finance. Mnjor risks ondm&ttngemeNI ofihose risks Finapicial viability The principal risk ol Ihe charity is that of not securing suffi¢ient rental income or causal users lo maintain the level of fi]nding required. Thc tru5tce5 have obtaincd profcssional advice and assistance in raising the r¢quir¢d ￿llds. The INstecs ar¢ ¢onslanily monitoring the ongoing position. The trus¢ees have identified other risks regularly review the mitigation of such. Objectives and activitie5 Objeds nii(l ftims Thc purpose of the charity is to provide facilities and servtces for the p¢opl¢ of Cottingley and Ihc neighhourhood thereof and to operate a comtnviiily cenlre for thal purpose. All branches of the locaI community are encouraged lo use thc centre. Public beiiefit The trustees confirni they have complied with the requirements of section 17 of the ch￿itIeS Act 2011 lo Iiave due regard to the public ben¢fit guidance published by the ch￿ltY Commission for England and Wales. Achievements and performance Throughout ihe year thc activilic5 of thc Ccntre have continued. The c&lcrinB is supported by stkff and s￿dentS of Becchcliffc School. The trusle¢s hav¢ been reviewing the use of the Centre by residents of Cottingley. The Summer Bash, Sequence dancing and the school holiday sports clubs vcry popul￿. Lcgal fees have been Incu￿ed in rcsolving anomalies arising in relation to lenaTJ¢ies and also car paTking leases nol having been properly transferred io new owners on sale ot thc privately owned houses and the collection of debts. The trustees continu¢ lo be grateful lo the staff and many volunteers who have assisted with the day lo day operation of the Centre. Financial review The unaudited f￿anCIal statements show the fllwicial tTansaclions for the year. The unrestricted surplus for the year arises due to the generous support of the Social Inyestmcnt Bu5inc55 [SIB} in making thc Ioall5 inlcrc5t frcc for an at￿￿allY reyiewed period. currently ending 31 March 2025 wlth an indication that this is likely to continue lo the end of the Kpa>qncnt terni. A repaymcnl holiday was also given for the second hdf of the year. Inteie51 would have b¢cn charged under the lern)s of ihe original agreement in ordeT of £64.812 (2023 £67,665). The unrestricted surplus of £51,571 {2023 £47,678) was applied in making loan rcpaymcnts ot £31,710 (2023 £63.420)- The resultant reserves will be used to fund fU￿re loan repayJnenls. Thc futt￿ look5 challcnging but Tnanageabl¢ with Ihc activity expected io be at least maintained at the current levels subject to continued support of The Social Investtnent Business [SJJ4]. Pagc 2 Cottingley Community Centre Trustees, Report Poli￿ on reserves The trustees, aim is lo hold a reserve of cash and net &ssets equivalenl to 6 months overheads. This will noi be achieved until incomc is generdted 5uificicnt lo meet Ihc original commitments iwt servicing the borrowing. Indemnity Insurance The charity paid insurance premiums to indemnify trust¢es from any loss arising from neglect or defaults of trustees or staff and any consequeni loss. Funds held as cu5todiAn trustee on behmlf of others Cottingley Communily Centre aets as a custodiaii for funds ratsed by Cottingley Community Parlnership ICCPJ. Al the ycar-end, £Nil (2023 - £2,969) were held by the charity on behalf orccp. Plans for futur¢ period5 Aimis aiid key ohjeclivesforfuthreperiorfs With the assistance of research into the needs of the ¢ommunity of Cottingley and lo incTease the itnpacl of the Communily Ccntre on the lifc and wellbeing of local re5idcnts an addilional slaff meTnbcr be recNiled to work on building relalionships with the local community and establishing appropriate eclivities. Bradford Coun¢il will be leaving the office5 8nd agents have been appointed to [￿d new tenants for the space. Small eompanies provision statement This rcpoffl has bccn prepared in accordance with the spe¢ial provisions rclating to companics subject to the small companies ￿Elme within Part 15 of the Companies Act 2006. The annual repo was approved by the trustees of the charity on 13 May 2025 and SI￿)ed on its behalf by.. Revd Tru indsay Pearson ee Page 3 Cottingley Community Centre Independent Examlner's Report to the trustees of Cottingley Community Centre ('tbe Company,) I report to the charity truslees on my examination of the accounts of the charity for the year ended 31 December 2024 which are set out on pages 5 to 16. Responsibiliti￿ 4nd basis of report As the charily's trustees of the Company {and also its directors for the PUTposes of company law) you are responsible for the prepoTation of the accounts in accordance with the requiiements of the Companies Act 2006 ('thc 2006 Act.). Having satisfied myself that the accounts of the Company are not required to be audiled under Part 16 of the 2006 Act and ar¢ cligible for independenl examinatio￿ I report in respe¢t of my cxamination of your charity's accounts as carried out und¢r section 145 of the Charities Act 2011 ('Ihe 201 l Act,). In carrying out my examination I have folloiyed the Directions given by the Charity Commission under section 145(5llb) of the 2011 Act. Independent eiaminer's statement Since the Company's gross income eX￿ded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confimi that T am qualificd to undcrtake the ex8minalion bccausc J am a wncmbcr of ICAEW, which is onc ofthe listed bodies. I have CO￿p1¢t¢d my cxamination. I confjrni that no matters have come to my attcntion in conncclion with the examination giving Tf]c cau5c lo believe.. accounting records were not kcpt in rcspect of Cottingl¢y ComTnunity Centre as required by section 386 of the 2006 Act,. or 2. Ihc accounts do not accord with those Tecords. or 3. the accounts do nol comply wffith the accounting requirements of section 396 of the 2006 Act other than any Tcquiirment that the accounts give a 'tTUC and fair view, which is not a matter considered as part of an independent examination,. OT 4. the accounts have not been prepared in accordance with the methods and prilhciples of the Statemenl of RecoTnfficndcd Practice for accounting and rcporting by charities [applicablc lo charilics prcparing their accounts fftn accordance wilh the Financial Reporting Stand8rd applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have comc across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper underslanding of the accounts to be rea¢hed. Mark C Wilcock FCA Independent Examiner Watson Buckle Limited Bradford 13 May 2025 Page 4 Cottingley CommunRty Centre Statement of FinanciAI Activities for the Year Ended 31 December 2024 (Including Income and Fxpenditure Account) Unrestricted funds Re5trieled funds TotAI 2024 TotRI 2023 General Note Income and endowments from Donations attd legacies Other trading activities Invcstments Charitable activities Other in¢omc 76,476 2,059 154,535 102,621 1,250 17,370 93.846 2.059 154,535 102,621 1,250 81,714 2.001 154.294 90,837 810 Total income and endowments 336,941 17,370 354,311 329,656 Expenditure Chari18ble activities (285.370) 51,571 (13.982) 3,388 (299,352) 54.959 (290.340) 39,316 Nel movement in funds Re¢onciliotion of funds Total fi￿d5 brought fonvard Total funds carried forward 706,795 472,234 1,179,029 1.139.713 758,366 475.622 1,233,988 1,179.029 The fimds breakdovm for 2024 is shown in note 18. The notes on pagc5 7 10 16 fom) an int¢£ral part of these financi&l slalemcnts. Page 5 Cottingley Community Centre (Registration number: 05021440) Balance Sheet as at 31 December 2024 2024 2023 Iyote Fixed asset$ Tangible assets 12 2,199,843 2,202.475 Current assets Stocks Debtors Cash at balth and in hand I,Q64 84.783 93,305 ,455 61,889 102,169 13 14 179,152 165,513 Creditors.. Amount5 fAlling due within one year Net current assets 15 144,090 156,332 35,062 9,181 Total assets less eurrent liabililies 2,234,905 (1.000,917) 1.233,988 2,211.656 Creditors: Amounts fallin2 due after more thAn one year Net assets 16 (1,032,627) 1,179,029 Funds of thc ebarity: Restricted incom¢ funds R¢slricted funds 475,622 472,234 Unrestricted income funds Unrc5tricted funds 758,366 706,795 Total funds 18 .233,988 1.179.029 For the financittl year cndiT]g 31 DecembEr 2024 thc charity was entitled io exeTnption from audit Under section 477 of the Comp8JTries Act 2006 relating to small companies. Dire¢lors' responsibilities.. The members havc not rcquired the charity lo obtain an audit of ils accounts for the year in question in accordancc with section 476,. and Thc dircctors acknowledge their rc5ponsibilities for complying with the requirements of thc Act with respect to accoijnting records and the prcpardtion of accounts. The fmancial statements on pages 5 to 16 were approved by the trustees, and authori5ed for issue on 13 May 2025 and signcd on their behalf by.. Anthony Hesselivood Trustee The notes on pages 7 to 16 forn) integral part ofthcse financial slalcmcnts. Page 6 Cottingley Community Centre Notes to the Financial Statements for the Year Ended 31 December 2024 I Charity statiis The charity is limit¢d by guarantee, incorporated in England and Wales, and consequently does not have Sha￿ capital. Each of the Iwstees is liablc to conthbute an amount nol cxcccding £10 towards the assets of ihe Ch￿lty in Ihc cvcnt of liquidation. These financial slalemenls wcrc authorised for issue by Ihc truslcc5 on 13 May 2025. The address of ils registered office is.. Littlelands Cottinglcy Bradford BD16 IAL 2 Accounting policies Summary of signifieAnt ACCOllnting policies And key accounting estimRte5 llie principal accounting policies applied Èn the preparalion of these Iinancial statements are set out below. These pDIicic5 havc bccn consislcntly applied to all thc years presented, unless otherwis¢ 51alcd. Stntement of eomplipnce The flnancial slalemenls have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Praclicc applicablc to charities prcparing their accounts in accordance with the Financial Rcporting Standard 102 The financtal Reporting Standard applicable in the UK 8nd Republic of Ireland (etrective l January 2015) and the Companies Aei 2006. The enlity meets the dcfinition of a public benefit cntity under FRS 102. BR515 of prepAration The financial stalemcnls have been prepared under the historical cost convention in accordance with applicable United KiJ)gdom Accounting Standaj'ds. A summary of the principa] accounting policie4 iyhich have been applied consistently, except where note￿ is sct out bclow. The Charity's functional and presentation currency is the pound sterling. Goin£ eoneern The Iruslees consider that theie are no material uncertainlÈes about the charity's abtlity to Continue as a going concern nor any significant areas of uncertainty that affect the carrying value of 2sse15 held by Ihc charity. The financial statemenls have been prepared on the going concem basis and the trustees believe that this is approprlate. The trustees regularly monilor liquidity and believe that aclivitlC5 can bc sustained for the foreseeable fitturc in light of the continuing support of funders. The funders recognise ihal, stnce the niajority of users rely on direct or indirect Governtneni funding and given the current uncertainty about levels of future funding, events may o¢cur which are outside their control and which havc an adverse effect on thc viability of thc centre. Exemption from preparin£ a cash flow statement Tlie charity has taken advantage of the exemption and has Thot included a cash Ilow statement tn these fAnaThcial slatcvncnts. Pagc 7 Cottingley Community Centre Note5 to the Financial Statements for the Year Ended 31 December 2024 Fund slructure Unrestricted inCOTnc funds are general thd5 that are available for usc at the trustees, discretion in fi￿beranCe of the objectives of the charily. Rcsts'icted income funds arc Ih05c donated for usc in a particular area or for 5pccific pu￿05¢5, thc use of which 15 restricted lo Ihal area or purpose. Income and endowments All income is re¢ognised once ihe charity has entitlement lo the income, it is probable that Ihe income will be received and Ihc amount of the income receivablc can be measured reliably. Doiioliniis oiidlegtscles Voluntary income is received by way of donations and gifts is included in thc statement of fIn￿CIal activilics Ivhen receivable. Donated services and facilities are included al Ihe value to the eharity where this can be quantified. The value of s¢rvices provided by voluiileers has not been included. Gifts donated for resale are included as incoming resources Yithtn activities for generdling funds when they ar¢ sold. Cninls receivllble Grants where enliilernenl is not condillonal on the delivery of a specific perforniance by the charity ar¢ recognised when thc charity becomes unconditionally entitled lo Ihc grant Grpnts are recognise(I when Ihc ch￿lty has 8n entttlcmcRt to the funds and &tty conditions linked to the grants havc becn met. Where performance conditions ar¢ attached to the grant and are yet to be met, the income As recognised as a liability and includcd on the balan￿ sheet as dCfe￿ed income to be r¢lcascd. Inveslmenl ineonie Income from inve51ments is included in the yeor in which it Is receivable. Expenditure All expenditure is ￿cOgniS¢d once ihere is a legal or constructive obligation to thai expenditure, it is probable settlement 15 rcquircd and the amount ran be measured reltably. All costs are allocaled lo thc applicable expendi￿re heading that aggrcgate similar costs to that category. Where costs cannot be directly attTibutcd to particular headings thcy havc bccii allocated on 4 basis consistent with thr usc of Ic50urces, with LeiilTal statTcosts allocated on thc basis of time speDI, and depreciation charges allocated on the portion of th¢ asset's use. Other support costs are allocated based on the spread ofstaff costs. Charliable ftclivili Charitable expenditure comprises those costs incurred by the charity in the delivery of ils acltvities and services for ils bencfiaiarics. It includes both costs that can be allocated directly 10 such activities ond thosc costs of 8n indirect nature ncccssary to 5UPPOrt them. Taxation The charity is Considered to pass the tests set out in Paragraph I Schedule 6 of the Finan￿ Act 2010 and therefore il meets the definition ot- a charitable company for UK Corporation tax purposes. Accordingly, the charity is potentially exempt fTOTn taxation in rcspect of incoTnc or capital gains received within categories covercd by Chapter 3 Part I l of the Corporation Tax Act 2010 or Scction 256 of the Taxation of Chargeable Gain5 Act 1992. to the Cxlcnl that such income or gains are applied exclusively lo charitable purposes. Page 8 Cottingley Community Centre Notes to the Financial Statements for the Year Ended 31 December 2024 Tangible r￿ed assets lJ]dividual fixed assets are initially recorded al cost, less any 5ub5cqucnt accumulated depreciation and subsequent accuinulated impairmenl losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets 50 as to write off ihe cost or valuation. less any estimated residual value, ovcr thcir cxpcct¢d uscful cconomic life as follows= Leasehold operational properties- 51raight line over ihe life of ihe lease rixturcs. fitting5 and equipment- 200/0 straight line Tangible fixed assets held for investment purposes are carried at the trusi¢es' valuation and are not depreciated. This is a departure fTom th¢ Companic5 Act 2006 however the trnstees believe thal dept¢ciating thc asscl would not givc a truc and fair view because it is held for investment and not for ¢onsumplion. Stock Stock is valued al the loiirr of cost and cstimatcd selling pi'ice less costs lo complete 2nd s¢ll, after due regard for obsol¢le and slow moving stocks. Cost is determined using ihe first-in, first-oul {fiFOI basis. Government grants Govemment grants are recognised ba5cd on Ihe accrual Imodel and are measured at the fair value of thE a55Ct re¢eivcd or receivable. Grants are Llassified as relating either to revenue or lo assets. Grants relating to revenue are recognised in incom¢ ovcr ihe pcriod in which the related costs Bre tecogniscd. GT8Jils rclating to an assets aiE recognised over the expected useful life of the assel. Where part of a gra￿1 relating lo an asset is deferred. it is recognised as deferred income. Hire purchase finance leases Leases in which substantially all the risks and rewards of ownership are retained by the les50r are classitied as operating leasc5. Rcnlals payable under operating leases are charged in the Statcfflcnt of Financial Activities on a straight line basis over the lease term. Financial instruments The rharity only has financial assets and financial liabilities of a kind Ihal qualify as basic financial in5trumcnls. Basic rinancial ins(rumenls are inilially recognised al transaction valuL and subsequently measured al their settlement value. Cash and cash equivalents Cash ￿ld cash equivalents comprise cash on hand and call deposils, alld oih¢r short-terni highly liquid investtnents ihat are readily convertible to a known ￿nOUn{ of cash and are subject lo an insignificant risk of change in value. Debtors Debtors are recognised initially when they become due at the transaction price. They subsequently measured at aTf]Orti5cd cost Using thc effective interest rate method, less provision foi impairmcnt. A provision for impaimient of debtors is eslablislied when there is objective evidence that the ch￿lty will not be able to collect a]1 amounts due according lo Ihe original lern)s of Ihc dcbtOTS. Creditors Creditors are obligations to pay for goods scrviccs Ihal havc bccn acquired by the charity. Creditors are initially recognised #l th¢ Iiansaction pricc and subsequently measured at amortised cost using Ihc cffccliv¢ Inte￿51 tncthod. Pagc 9 CottlDgley Community Centre Notes to the Financial Statements for the Year Ended 31 December 2024 3 Income from doDAtions nnd legacies Unrestrieted funds Total 2024 Ceneral Restricted 2023 Donations and legacies; Donations Grant& including capital grants. Grant making trusts 69,666 69,666 69,194 6.810 76,476 17.370 24.180 12,520 17.370 93,846 81,714 4 Income from other trading a¢tivities Unrestrieted TDtAI 2024 Total 2023 General Fundraising events 2.059 2,059 2,001 5 Investments Unrestrieted funds General Totyl 2024 'I'ot21 2023 Interest receivable and similar income. IntCTCSt rcccivablc on bank deposits Income from rents 1,440 153,095 .440 153.095 .199 153,095 154,535 154,535 154,294 6 Income from eharitable activities Unrestricted funds Total 2024 Total 2023 Ceneral Salcs, roorn hirc and activity income 102,621 102.621 90,837 Page 10 Cottingley Community Centre Notes to the Financial Statements foi. the Yeai. Ended 31 December 2024 7 Other incoine Uni'estricted fuiids Genei'al Total 2024 Total 2023 Insui7nee claim 1,250 1,250 810 8 Expeiiditure on chai'itAble activities Uni'esti'ieted funds Total 2024 TotAI 2023 General Resti'icted Opei'ating costs Pi'eniises costs Loan interest Depi'e¢iation etc. 144,667 73,821 64,812 2,070 13.420 158,087 73,821 64.812 2,6)2 144,729 75,314 67,665 2,632 290,340 562 285,370 13,982 299,352 9 Net ineomingloutgoing resources Net incomii)g resoui'ces for the yeai. include.. 2024 2023 Depre¢iatioi) of fixed assels Independent exaiiiiner's fee 2,632 3,140 2,632 2.990 10 Trustees i'emunei'ation And expeilses No trustees, noi. any persons connected with tliein, liave I'eceived any i'emunei'ation fi'om the cliarity dui'ing Ili¢ yeai.. No ti'ustees l)ave received aiiy reiillbuised expenses or any oilier beiiefits fiom the chai'ity dui'iiig Ilie yeai.. Page 11 Cottingley Comniunity Centre Notes to the Financial Statements for the Year Ended 31 Deceinber 2024 I I Staff costs The aggi'egate payi'oll costs were as follows: Employinent COSts 2024 2023 Wages and salai'ies etc Social security costs Pension costs 95,170 494 87,469 322 1,781 97.445 1,712 89,503 The i)unibei' of pei'soi)s (iiicluding sei)ioi' Inanagemeiit / leadersliip tean)) employed by the cl)arity dLlI'ing the year was as follows: 2024 2023 Adininisti'ation No employee I'eceived emolliiiients of mol'e than £60,000 during tlie year. Tl)e total employee bei)efits of tlie key Inanagenient personnel of tlie cliarity wei'e £Nil (2023 - £Nil}. Page 12 Cottingley Community Centre Notes to the Financial StatL'ments for the Year Ended 31 December 2024 12 Tangible fixed Rssets Long leasehold Long leasehold investment operational property property Fixture5, rjttings and equipment Total Cost Ai l January 2024 1,926,163 1,351,747 150.040 3,427,950 At 31 Dcccmber 2024 1,926,163 1,351,747 150,040 3,427,950 DeprecialioD Al l January 2024 Ch8rg¢ for the ycaT 1.075,435 2,632 150,040 1,225,475 2.632 At 31 December 2024 1,078.067 150,040 1,228.107 Net book value At 31 December 2024 1.926,163 273,680 2.199.843 At 31 December 2023 1,926,163 276,312 2,202.475 All the leasehold property is charged in suppori of borrowing& should conditions not be adhered io. The trustecs bBli￿￿ngS are securcd on the long lea5chold property. Included in thc crcdilors are the following a￿oun15 duc aftcr more than five years.. 2024 2023 After more than five years by instalm¢nls 778,947 810,657 Pagc 14 Cottingley Community Centre Notes to the Financial Statements for the Year Ended 31 December 2024 Borroivin2s due after five years Loans of £487,012 (2023 - £501,517) from Futurebuilders England accruc interest al 60h and are securcd by a Ch￿ge on all long leasehold property except ihe Medi¢al Centre. Repayrnenls are spread over a period of 25 years. Interest is currently bBing waivcd on thc5c loans to thc cnd of thc tcrn). A loan of £577.325 (2023 £594.530) from Futurebuilders England bears interest Futurebuilders England's slandard rate {cutTcntly 60/D). 13 repayablc over 26 year5 and is 5ccured on thc Medical Centre. Intcrcst is CUTrently bcing waived on these loans to the cnd of the Icm). 17 Commitments Other finaneial commitments The ¢ommitmenl beloH' relates to the toÉa] future minimum lease payments under a non-wicellable operating lease. The total amount of other fmancial commtlm¢nts not pmyided in the fmanciai statements W8s £3,774 (2023 - £7.901). Operating leases - lessor The lolal futwe IniT]imum Icase receipts (rents receivable), for each of the following pcriods.. 2024 2023 Not later than one year Lat¢r than onc year and not later than five year5 116,350 220,183 336,533 145,213 499.337 644,550 The contingent rents recognised as income during the year was £153.095 (2023 - £153,095) 18 Funds Balance ot 31 Deccmber Balxnce At I January 2024 Incoming resources Resoyrces expended 2024 Unrestricted fund5 Cicneral 706,795 336,941 {285,370 758,366 Restricted funds Property Holiday clubs l Youth 5POrts Oldci. people carc- Memory Lane Summer Bash Wa]In Spaccs PaTcnts' group 470,634 1,600 (562) (9,6001 {1120) (3,000) 470,072 2.000 1,150 10,000 1,970 3.000 1,000 1,400 1.000 1.400 Restricted 472,234 17,370 (13.982) 475.622 Total funds 1,179,029 354,311 (299,352 1,233.988 Page 15 Cottingley Community Centre Notes to the Financial Statements for the Year Ended 31 December 2024 BalAnce at 31 December 2023 Balance at Janmary 2023 Tncoming resources Re50urce5 expended Unrestritted funds General 659,117 326.056 278,378 706.795 Re$tTlCted funds Property Holiday clubs l Youth sports Restricted funds 471,196 9,400 (562) (11,400) 470,634 1,600 3,600 480,596 3,600 11,962) 472,234 Total funds 1.139,713 329,656 (290,340) 1,179,029 19 Analysis of net As$et$ between funds Unrestricted funds GenerAI Total funds at JI December 2024 Restricted funds Tangible r￿ed assets Current assets CurTCnt liabilities Creditors ovcr l ycar Total n¢t as5els as at 31 Dec¢mbcr 2024 1.729,771 173.602 (144,090) (1,000,917) 758,366 470,072 5,550 2,199,843 179,152 (144,090) (1.000,917 475,622 1.233,988 Unrestrieted funds Gentral Total funds at 31 December 2023 Restricted funds Tangible r￿ed assets Curr¢nt assets Current liabilitics Crcdi(ors ov¢r l ycar Total net assets as at 31 Dccember 2023 1.731,841 163,913 (156,332) (1,032,627) 470,634 1.600 2,202,475 165.513 (156,332) (1.032,6271 1,179,029 706,795 472.234 20 Re10ted pRrty trAnsactions During the year the charity made the following related party transactions.. Revd Lindsay Pcar50n, P%tricih Sjllith, VAI Challinor, Steve Peers, Doug Threlfall and JAn Hesselwood Rcvd Lii)dsay PcaTson, Patricia Smith, Val Challinor, Steve Pccrs, Doug Threlfall and Jan Hcsselwood were mcmbcis of the PCC of St Mich&el and All Angels, Cottingley throughout their term of office. The PCC Iwe the beneficial owners of the frcchold site on which Ihc long Icasehold preJni5cs (operational and inv¢5tmcnl properties) sland. None of the aforementioned can derive any personal benefit from their membership of the PCC. Ai the balance sheet date the amount due lo/from Rcvd Lindsay Pcarson. Palricia Smith, Val Challinor. Stev¢ Pecrs, Doug Threlfall and Jan Flesselwood ivas £Nil (2023 £Nil). Page 16