Company Number: 5389427 (England and Wales) Charity Number: 1109588
The Clarke Foley Centre
Directors' report and accounts for the year ended 31st March 2024
The Clarke Foley Centre Year ended 31[st] March 2024
Contents
| Page | |
|---|---|
| Report of the Directors | 2-6 |
| Report of the Independent Examiner | 7 |
| Balance Sheet | 8 |
| Statement of Financial Activities | 9 |
| Notes to the Financial Statements | 10-14 |
1
The Clarke Foley Centre Year ended 31[st] March 2024
Directors Report for the Year Ended 31[st] March 2024
The Directors / Trustees of the Charity are pleased to present their annual report and the financial statements of the charity for the year ended 31 March 2024. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015).
Our purpose and activities
The Charity’s objects are:
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a) to maintain and manage (in co-operation with voluntary bodies) a centre in llkley formerly managed by The James Clarke and Sarah Foley Trust for the Elderly (and more recently known as The Clarke Foley Centre) situated in Cunliffe Road, llkley, LS29 9DZ and provide at the Centre facilities for recreation, education, or other leisure time occupations in the interests of social welfare for residents over the age of 50 years, of llkley, Addingham,Burley in Wharfedale, Menston and surrounding districts within the Metropolitan District of Bradford, without distinction of creed or colour and
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b) to provide a focal point and meeting place for members of the community and for groups whose object is to meet the needs of the neighbourhood and the community.
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c) to provide a focal point for voluntary effort given for the benefit of members of the community who may be disadvantaged.
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d) Nothing in clauses (a) to c) above inclusive shall authorise any non-charitable object or purpose.
Public Benefit
In shaping our objectives for the year and planning our activities, the Trustees confirm that they continue to have regard to the Charity Commission’s guidance on Public Benefit. The Charity is a public benefit entity.
Review of the main activities in the year ended 31 March 2024
The year ending 31 March 2024 has been a challenging time for the Centre.
We have experienced very substantial increases in the costs of food, energy and employee wages. We have seen a return in user groups and casual users of the Centre following the end of enforced closures during the Covid pandemic, but the Centre continues to operate in a very challenging economic environment.
We have made efforts to diversify the offerings and balance the books more, especially in the café. The café and kitchen refurbishment has completely changed the layout of the ground floor and we have responded to feedback about how that will look and feel over the next year.
Despite these difficulties the Centre has been able to continue to extend the range of activities on offer to the public.
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The Clarke Foley Centre Year ended 31[st] March 2024
Directors Report for the Year Ended 31[st] March 2024 (ctd)
Review of the main activities in the year ended 31 March 2024 (ctd)
The Clarke Foley Community Centre continues to operate in four main areas :-
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The community café is open to all members of the public. Over the year the café has extended the range and improved the quality, of its food and drink offering . It is staffed by employees and volunteers and is open from Monday to Saturday, plus Sundays when other events are taking place in the building.
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The Lunch Club that provides a subsidised two course meal to elderly people on Tuesdays and Thursdays. This is a major part of the week’s social contact for many of the participants. Up to 75 people per week are served at the Lunch Club. The food is prepared by appropriately qualified employees and is largely served by volunteers. We are assisted by the community bus charity with transport to the Centre. Clarke Foley Centre subsidises the charge for this transport service to enable as many people as practicable to afford to attend this social event and meal.
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The provision of a wide range of classes in such activities as art, keep fit, indoor bowling, dance and music groups. In the year we introduced a programme of entertainment, such as music tribute acts. In some cases these events have included afternoon tea for the attendees. Whilst the events are attended by our existing users of the Centre we are optimistic they will draw wider participation. We are making efforts to increase the numbers and diversity of users of the Centre.
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Rooms are rented out to many local educational and leisure groups. Current activities include U3A groups with a range of interests, Keep Fit for elderly people, an orchestra and the Ilkley Literature Festival.
Achievements and Performance
The Directors are constantly seeking to improve the facilities on offer to users of the Centre. The new audio-visual system in the large hall, including projector, drop-down screen and sound speakers is helping to professionalise our offerings especially to larger groups and for events and presentations .
We have made further improvements to the garden areas at the front and rear of the building but had to change the design to match local advice from the Police. We have been working with professional advisers, statutory bodies and contractors to this effect.
The Board of Directors meets on a regular basis, usually at least bi-monthly, to review progress on the extension of activities, improvements to the building, finance control, fund-raising, staff issues and compliance with our statutory obligations.
The Board of Directors would like to extend their thanks to all of the staff and volunteers who work tirelessly to keep the Centre providing its service to the community.
Our volunteers
The Clarke Foley Centre relies on voluntary help. We are greatly indebted to the commitment of the many volunteers.
Financial review
The attached financial statements show net outgoing resources for the year of £51,864 (23: £48,253). Investment realised and unrealised gains totalled £29,022 compared to the prior year loss of £32,648 Unrestricted reserves at the year end were £418,189 (23: 460,340).
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The Clarke Foley Centre Year ended 31[st] March 2024
Directors Report for the Year Ended 31[st] March 2024 (ctd)
Reserves Policy
In line with our charitable objectives and to continue to provide for the needs of our beneficiaries and our employees, the Board of Directors has agreed that an adequate level of Unrestricted Reserves should be maintained. In accordance with the Reserves Policy adopted on 05 February 2021, the Board considers it would be prudent for Unrestricted Reserves not committed or invested in tangible fixed assets to be within the range of £100,000 to £150,000. The range is not considered excessive in order to allow the charity to continue its support to the community.
Going Concern
The accounts have been prepared on a going concern basis. The Trustees have followed the Financial Reporting Council – Guidance on the going concern basis of accounting and reporting on solvency and liquidity risks (April 2016) in conducting their review.
Reference and administrative details
The Charity’s registered name is The Clarke Foley Centre.
The Charity’s registration number is 1109588.
The Charity’s registered address is The Clarke Foley Centre, Cunliffe Road, Ilkley, LS29 9SZ.
Our advisers
The Charity’s bankers are Barclays Bank (Shipley).
The Independent Examiner is D Collier, FCIE, of Wharfedale Accountancy, 10 Marlborough Square, Ilkley.
Directors and Trustees
The Directors who served during the year under review were:
| S Hyde | |
|---|---|
| A Simpson | Resigned 1stDecember 2023 |
| J Finnerty | |
| D Damant (Chair) | Resigned 31stMarch 2024 |
| J Redding | Appointed 1stDecember 2023 |
| A Booth | Appointed 2ndFebruary 2024 |
| O Thompson | Appointed 2ndFebruary 2024 |
| R Whitemore | Appointed 2ndFebruary 2024 |
| I Ashman | Resigned 20thSeptember 2024 |
At the AGM on 1[st] December 2023 J Finnerty, S Hyde, I Ashman, D Damant, T Lynam and R Wholley offered themselves for re-election and all were reappointed.
4
The Clarke Foley Centre Directors' Report for the year ended 31st March 2024 (continued)
Directors Report for the Year Ended 31[st] March 2024 (ctd)
Governing Document
The company is limited by guarantee, with the liability of the directors not exceeding £10. The company is trustee of the endowment assets of the James Clarke and Sarah Foley Trust for the Elderly.
The freehold property is vested in the name of the Official Custodian for Charities who holds it on behalf of the James Clarke and Sarah Foley Trust for the Elderly.
Brewin Dolphin Limited, the companies’ investment managers, hold the investments in both the Endowment Fund and the Unrestricted Fund, as trustee for the Clarke Foley Centre.
The James Clarke and Sarah Foley Trust for the Elderly, though dormant, exists as a registered charity but will be treated as forming part of the company in line with Part 8 (accounting) of the Charities Act 2011.
Trustee induction and training
New trustees undergo briefings on their legal obligations under charity and company law, the Charity Commission guidance on public benefit and to inform them on the constitution, committee and decision-making processes and recent financial performance of the Charity.
They meet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.
Risk Management
During the year the Board of Trustees examined the major strategic, business and operational risks which the Charity faces, and these risks and their mitigation are regularly reviewed.
Statement of Directors’ Responsibilities
Company and Charity law requires the Directors (the Trustees) to prepare financial statements for each financial year which give a true and fair view of the state of the Charity’s affairs and of the income and expenditure and surplus or deficit for the year. In preparing those financial statements, the Directors are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on a going concern basis unless it is inappropriate to assume that the Charity will continue in operation.
The Directors are responsible for:
- keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the accounts comply with the Charities Act 2011, Companies Act 2006 and UK Generally Accepted Accounting Practice.
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The Clarke Foley Centre Directors' Report for the year ended 31st March 2024 (continued)
Directors Report for the Year Ended 31[st] March 2024 (ctd)
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safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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the maintenance and integrity of the corporate and financial information included on the charitable company’s website in accordance with legislation in the UK.
The Clarke Foley Centre
Ilkley, West Yorkshire
6[th] December 2024
S Hyde (Chair)
On Behalf of the Board
6
Independent Examiner's Report to the Directors of the The Clarke Foley Centre
I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2024 which are set out on pages 8 to 14.
Responsibilities and basis of report
As the charity's trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the charitable company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Charity Independent Examiners. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the Charities SORP (FRS102).
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.
Signed:
David Collier FCIE Wharfedale Accountancy 10 Marlborough Square Ilkley LS29 8PU
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The Clarke Foley Centre Year ended 31[st] March 2024
| Company Number: 5389427 Balance Sheet as at 31st March 2024 | Company Number: 5389427 Balance Sheet as at 31st March 2024 | Company Number: 5389427 Balance Sheet as at 31st March 2024 | Company Number: 5389427 Balance Sheet as at 31st March 2024 | Company Number: 5389427 Balance Sheet as at 31st March 2024 | Company Number: 5389427 Balance Sheet as at 31st March 2024 |
|---|---|---|---|---|---|
| Note | 2024 | 2023 | |||
| £ | £ | £ | £ | ||
| FIXED ASSETS | |||||
| Tangible assets for use by the company | 4 | 246,462 | 191,945 | ||
| INVESTMENTS | |||||
| Endowmentfund | 5 | 479,510 | 464,627 | ||
| Reservefund | 6 | 114,241 | 227,327 | ||
| CURRENT ASSETS | 840,213 | 883,899 | |||
| Stock | 1,302 | 2,510 | |||
| Debtors | 8 | 31,448 | 16,107 | ||
| Cash at bank and in hand | 9 | 56,705 | 52,596 | ||
| 89,455 | 71,213 | ||||
| CURRENTLIABILITIES | |||||
| Creditors: amounts due within | |||||
| one year | 10 | 18,841 | 21,444 | ||
| 18,841 | 21,444 | ||||
| NET CURRENT ASSETS | 70,614 | 49,770 | |||
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 910,827 | 933,670 | |||
| CAPITAL ACCOUNT | |||||
| Endowmentfunds | 5 | 479,510 | 464,627 | ||
| Restricted funds | 11 | 13,128 | 8,703 | ||
| Unrestricted funds | 418,189 | 460,340 | |||
| 910,827 | 933,670 |
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
The financial statements were approved by the Board of Directors on x and signed on their behalf by:
6[th] December 2024
(Chair) The notes on pages 8 to 14 form part of these accounts.
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The Clarke Foley Centre Year ended 31[st] March 2024
Statement of Financial Activities for the year to 31st March 2024
| Note | Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | ||
| £ | £ | £ | £ | £ | ||
| Incoming resources | ||||||
| Incomingresourcesfromgeneratedfunds | ||||||
| GrantIncome | 9,000 | 9,000 | 10,109 | |||
| Donations | 10,178 | 1,000 | 11,178 | 8,134 | ||
| Friends ofClarkeFoley | 8,680 | 8,680 | 0 | |||
| IncomefromCharitableActivities | 3 | 261,355 | 261,355 | 228,814 | ||
| 0 | ||||||
| Investmentincome | 5,432 | 19,068 | 24,500 | 28,325 | ||
| 0 | ||||||
| Other income | 1,312 | 1,312 | 1,388 | |||
| TOTAL INCOMING RESOURCES | 286,957 | 10,000 | 19,068 | 316,025 | 276,770 | |
| Resources expended | ||||||
| Costs ofGeneratingFunds | ||||||
| Investmentmanagement costs | 2,690 | 4,655 | 7,345 | 5,667 | ||
| 0 | ||||||
| Charitable activities | 3 | 354,370 | 5,575 | 359,945 | 318,756 | |
| Governance costs | 600 | 600 | 600 | |||
| TOTAL RESOURCES EXPENDED | 357,660 | 5,575 | 4,655 | 367,890 | 325,023 | |
| Net (outgoing)/incomingresources | (70,703) | 4,425 | 14,413 | (51,865) | (48,253) | |
| Transfers between funds | 19,068 | (19,068) | 0 | 0 | ||
| NET(OUTGOING) RESOURCES | (51,635) | 4,425 | (4,655) | (51,865) | (48,253) | |
| Realised gains/(losses) | 7,866 | 4,723 | 12,589 | 3,951 | ||
| Unrealised gains/(losses) | 1,617 | 14,816 | 16,433 | (36,599) | ||
| NET MOVEMENT IN FUNDS | (42,151) | 4,425 | 14,883 | (22,843) | (80,901) | |
| FUND BALANCES BROUGHT FORWARD | ||||||
| AT 1st APRIL 2023 | 460,340 | 8,703 | 464,627 | 933,670 | 1,014,571 | |
| FUND BALANCES CARRIED FORWARD | ||||||
| AT 31st MARCH 2024 | 418,189 | 13,128 | 479,510 | 910,827 | 933,670 |
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The Clarke Foley Centre Year ended 31[st] March 2024
Notes to the accounts
1. ACCOUNTING POLICIES
1.1 Basis of Preparation of accounts
The accounts are prepared under the historical cost convention with the exception of investments which have been valued at market value and include the results of the company’s operations which are described in the Directors’ report and all of which are continuing.
The accounts have been prepared in accordance with the Statement of Recommended Practice for charity accounts.
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cashflow statement on the grounds that it qualifies as a small company.
1.2 Tangible fixed assets for the use by the company and depreciation
Tangible fixed assets for use by the company are stated at cost less depreciation.
Capitalisation threshold is £500.
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Freehold buildings 50 years straight line basis Furnishings and equipments 10 years straight line basis
1.3 Income
Voluntary income, donations and letting income are accounted for on a receivable basis.
1.4 Value added tax
The Charity was registered for Value Added Tax on 1st November 2009 and accounts for the tax on a quarterly basis.
1.5 Going Concern
The Trustees are of the understanding that there are no material uncertainties about the charities ability to continue as a going concern.
1.6 Donated Goods or Services
Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.
1.7 Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
1.8 Valuation of Investments
Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments.
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The Clarke Foley Centre Year ended 31[st] March 2024
Notes to the accounts (ctd)
1.9 Investment gains and losses
This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
2. RELATED PARTY TRANSACTIONS
Under section 96(5) of the Charities Act 1993, the James Clarke and Sarah Foley Trust for the Elderly, though dormant, exists as a registered charity but will be treated as forming part of the company for the purposes of Part 8 (accounting) of the Charities Act 2011.
No director received any remuneration or expenses as they act on a voluntary basis.
3. CHARITABLE RESOURCES
Incoming Resources
| Room Hire Café Functions Clubs and classes Other income |
2024 2024 2024 2023 Unrestricted Restricted Total £ £ 108,436 - 108,436 78,417 111,401 - 111,401 104,844 9,416 - 9,416 8,408 15,934 - 15,934 17,946 16,168 - 16,168 19,198 |
|---|---|
| 261,355 - 261,355 228,814 |
Resources Expended
| Café Clubs and classes Staff costs Building overheads Administrative expenses |
2024 2024 2024 2023 Unrestricted Restricted Total £ 52,396 1,200 53,596 41,567 10,618 - 10,618 11,256 208,871 - 208,871 172,415 50,482 - 50,482 67,375 32,003 4,375 36,378 26,143 |
|---|---|
| 354,370 5,575 359,945 318,756 |
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The Clarke Foley Centre Year ended 31[st] March 2024
Notes to the accounts (ctd)
4. TANGIBLE FIXED ASSETS
| Cost At 1st April 2023 Additions At 31st March 2024 Depreciation At 1st April 2023 Charge for the year At 31st March 2024 Net Book Value at 31st March 2024 Net Book Value at 1st April 2023 |
Property Furnishings and equipment Total £ £ £ 429,460 64,954 494,414 43,027 24,512 67,539 |
|---|---|
| 472,487 89,466 561,953 |
|
| 241,469 61,000 302,469 9,140 3,882 13,022 |
|
| 250,609 64,882 315,491 |
|
| 221,879 24,583 246,462 187,991 3,954 191,945 |
Included in the cost of the freehold property is land costing £15,574 which has not been depreciated.
Capital Commitments
There were no Capital Commitments as at 31[st] March 2024 (23: none)
5. ENDOWMENT FUND
| Opening Fund Balance Purchases less sales in the year Profit/(Loss) on changes of investments in the year Change in uninvested cash Unrealised gain/(loss) on investments Portfolio Management Fees Closing Fund Balance |
2024 2023 £ £ 464,627 485,548 (12,578) (3,662) 4,723 5,240 12,578 3,662 14,816 (21,733) (4,655) (4,428) |
|---|---|
| 479,510 464,627 |
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The Clarke Foley Centre Year ended 31[st] March 2024
Notes to the accounts (ctd)
6. RESERVE FUND
| Opening Fund Balance Purchases less sales in the year Profit/(Loss) on changes of investments in the year Change in uninvested cash Unrealised gain/(loss) on investments Closing Fund Balance . STAFF COSTS Salaries and wages Employer NI Employer Pension |
2024 2023 £ £ 227,327 247,913 (120,424) (1,726) 7,866 (1,290) (2,145) 1,138 1,617 (18,708) |
|---|---|
| 114,241 227,327 |
|
| 2024 2023 £ £ 199,136 165,706 6,761 4,513 2,974 2,196 |
|
| 208,871 172,415 |
7. STAFF COSTS
Average number of staff paid in the year 20 (2023: 20) Highest paid employee received salary and benefits of under £60,000.
8. DEBTORS
| Letting Debtors Prepayments Taxation and social security |
2024 2023 £ £ 17,123 12,847 2,983 3,260 11,342 - |
|---|---|
| 31,448 16,107 |
9. CASH AT BANK AND IN HAND
| Cash at bank Cash in hand Stockbrokers |
2024 2023 £ £ 55,517 45,306 858 3,089 330 4,201 |
|---|---|
| 56,705 52,596 |
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The Clarke Foley Centre Year ended 31[st] March 2024
Notes to the accounts (ctd)
10. CREDITORS
| Trade creditors Accruals and deferred income Taxation and social security Sundry creditors |
2024 2023 £ £ 3,151 827 10,663 11,893 4,440 7,105 587 1,619 |
|---|---|
| 18,841 21,444 |
11. RESTRICTED FUNDS
Restricted Funds are made up of two elements.
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grants received by the Charity where the amount can only be used for a designated purpose.
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amounts raised by fundraising where it is solely for a particular project.
| Fund | 1stApril 2023 Received in the year £ £ |
Spent in the Year 31stMarch 2024 £ £ |
|---|---|---|
| Garden Co-op for Technology BMDC - Coronation Round Table - Flooring Ilkley Town Council – Bid Writing Rotary - Chiller 12. INDEPENDENT EXAMINERS FEES Independent Examiners Fee |
6,387 - 2,316 - 200 2,800 6,000 1,000 |
6,387 - 2,316 200 - - 2,800 4,375 1,625 1,000 - |
| 8,703 10,000 |
5,575 13,128 |
|
| 2024 2023 £ £ |
||
| 600 600 |
13. POST BALANCE SHEET EVENTS
There are no post Balance Sheet events to report.
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The Clarke Foley Centre Year ended 31[st] March 2024
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