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← Warrington Wolves Community Foundation

2024-04-30-accounts

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REGISTERED COMPANY NUMBER: 05421006 (England and Wales) REGISTERED CHARITY NUMBER: 1110734

Report of the Trustees and Financial Statements For The Year Ended 30 April 2024

for

WARRINGTON WOLVES COMMUNITY FOUNDATION

Leavitt Walmsley Associates Limited Chartered Certified Accountants and Statutory Auditors

8 Eastway Sale Cheshire M33 4DX

Docusign Envelope ID: 563B1AA7-7148-45D1-B323-D299A7811B39Docusign�Envelope�ID:�D7FAB8C1-A223-4ADC-BEEE-BA36B400F4DC

WARRINGTON WOLVES COMMUNITY FOUNDATION

Contents of the Financial Statements For The Year Ended 30 April 2024

Page
Report of the Trustees 1 to 4
Report of the Independent Auditors 5 to 7
Statement of Financial Activities 8
Balance Sheet 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 19

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WARRINGTON WOLVES COMMUNITY FOUNDATION (REGISTERED NUMBER: 05421006)

Report of the Trustees For The Year Ended 30 April 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2024. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's objectives are for the benefit of the public generally and, in particular, the inhabitants of Warrington and Cheshire and their surrounding areas:

o to promote community participation in healthy recreation by providing facilities for the playing of Rugby League and other sports. The term 'facilities' refers to land, buildings, equipment and organising sporting activities;

o to provide and assist in providing facilities for sport, recreation or other leisure time occupation for such persons who have a need for such facilities by reason of their youth, age, ethnicity, infirmity or disablement, poverty or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving their conditions of life; and

o to advance the education of adults, young people and children through such means as the Trustees think fit in accordance with charity law.

Significant activities and achievements: charitable activities

The legacy of staging the Rugby League World Cup saw the National Governing Body and our Local Authority support our application to invest in an artificial pitch for community use. This was completed in time to stage the very first Rugby League Disability World Cup.

The facility is now in full use for our development work and is a quality training facility for our community clubs. The Foundation has funded a role to assist these clubs with their ambitions and to advocate the role they play in their communities.

Our Chair stood down as he was successful in his application for the mentioned role of Community Club Support Officer, abiding by our governance and so able to follow a passion and put forward his skills and experience. The Deputy Chair took on the role of Chair in the interim while a search for a new Chair and Finance Trustee was undertaken to contribute to the Game Plan.

Public benefit

The Trustees confirm they have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to the Charity Commission's general guidance on public benefit 'Charities and Public Benefit'.

STRATEGIC REPORT

Achievement and performance Fundraising activities

Warrington Wolves Community Foundation is committed to responsible fundraising practice and regular monitoring. As a member of the Fundraising Regulator, we agree to ensure the charity is legal, open, honest and respectful. These standards for fundraising are set out in the Code of Fundraising Practice. In particular:

o we will commit to high standards o we will be clear, honest and open o we will be respectful o we will be fair and reasonable o we will be accountable and responsible

The charity complies with General Data Protection Regulation and has a duty to protect members' data.

Financial review

General review

Income rose by 16% from £538k in 2023 to £624k in 2024 which is encouraging. However, expenditure on charitable activities increased from £634k to £667k. The current asset investment saw an overall increase of £4,041. Overall, there was in-year deficit on £40,136 compared to an overall deficit in 2023 of £96,060.

Fund balances reduced from £417k to £377k although cash at bank saw a small increase from £449k to £453k.

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WARRINGTON WOLVES COMMUNITY FOUNDATION (REGISTERED NUMBER: 05421006)

Report of the Trustees For The Year Ended 30 April 2024

STRATEGIC REPORT Financial review

Reserves policy

At 30 April 2024, the charity held reserves of £377,056 (2023: £417,192) of which £47,165 (2023: £25,150) is already committed through restricted funds as detailed in the notes to the financial statements. £2,589 has been carried forward in the fixed asset restricted fund. This leaves a balance of £327,302 (2023: £392,042) which is unrestricted. Whilst these funds are unrestricted, a significant proportion of them are set aside for specific projects.

The Trustees carefully manage the financial position and will continue to take appropriate advice where necessary. The Trustees, together with the CEO, continue to seek new sources of unrestricted income to boost the charity's free reserves to an appropriate level. This is to provide sufficient funds to cover management, administration and support costs and to respond to unexpected events in the short-term with disruption to the charity's activities.

Our reserves policy takes into consideration:

o Risk of unforeseen emergencies o Risk of unforeseen operational costs o Uncertainty over future income o Planned spending commitments that cannot be met by future income alone o An amount to cover short-term deficits in cash budgets

The Trustees carry out an annual review of the charity's reserves policy.

Going concern

The Trustees have prepared these financial statements under the going concern basis. The Trustees do not believe there is any material uncertainty in respect of going concern.

The Trustees have considered the level of funds held and the expected level of income and expenditure for the forthcoming 12 months from the date of approval of these financial statements. In the Trustees' opinion, the budgeted income and expenditure is sufficient with the level of reserves to enable the charity to continue as a going concern for the foreseeable future.

Principal risks and uncertainties

The charity relies heavily on income sourced from events and donations. There is a risk that donations fall or an event (or a number of events) may be unable to continue, resulting in a loss of income. To mitigate these risks, the Trustees actively promote events throughout the Warrington and Cheshire area to ensure all events are successful and seek to attract new partners to enable the charity to continue to generate charitable income.

Future plans

The Interim Chair and the Board of Trustees have provided a platform for the introduction of a new Chair and Finance lead roles which will be appointed at the next AGM.

The direction of growth has also highlighted the priorities in our Health and Well-being Education delivery, backed by a strong revenue strategy.

Once the new Chair is in place, the Board will embark on developing a new five-year strategy with the strong foundations that have been implemented this year.

It has been another challenging year for all charities and their communities; using the power of our engagement, we continue to provide positive activities that change lives and show an intention to grow our work.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Warrington Wolves Community Foundation was incorporated on 11 April 2005. It is a company limited by guarantee and is governed by its Memorandum and Articles of Association. The charity is registered with the Charity Commission for England and Wales.

Recruitment and appointment of new trustees

New Trustees are briefed on their legal obligations under charity and company law and the Trustees' decision-making process.

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WARRINGTON WOLVES COMMUNITY FOUNDATION (REGISTERED NUMBER: 05421006)

Report of the Trustees For The Year Ended 30 April 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure

Following events that have affected our personnel and a review of the risk assessment of impact, an internal review of our structure brought about change. The role of Foundation Director was changed to CEO and a new role established in General Manager, all being internal appointments.

An Executive Team has been created to include both roles and the Finance Manager, supporting the strategic link and vision of the Board. These again were significant decisions in the strengthening and sustainability of the Foundation as a catalyst for growth.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The Trustees are aware of factors both within and outside of the charity's control that are relevant to the achievement of its objectives, including relationships with employees, key partners and donors. The charity has a risk management strategy in place which comprises:

o Annual reviews of risks which the charity may face

o Discussion of risks in each trustee meeting

o Establishment of systems and procedures to mitigate those risks identified

o Implementation of procedures designed to minimise any potential impact on the charity should risks materialise

The charity continually monitors its safeguarding practices to ensure they remain of utmost importance across all delivery areas. The charity ensures that all staff are suitably qualified and trained in this area and regularly review the policy and procedures to ensure all risk areas are adequately covered.

The risk register is reviewed by the full Board annually and reviewed as an item of Agenda at Board meetings. Each Key Pillar group has responsibility for potential risks linked to their area of expertise.

Senior management team

Mr N Kelly - CEO Mr J Howes - Health and Wellbeing Manager Mr L Mitchell - General Manager Mrs D Blackburn - Finance Manager

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

05421006 (England and Wales)

Registered Charity number

1110734

Registered office

Halliwell Jones Stadium Winwick Road Warrington Cheshire WA2 7NE

Trustees

Mr P M Astley (resigned 20.7.23) Mr S G Browne Ms K N Houghton Mr S A Hurst (resigned 15.11.23) Ms P M Kitto (resigned 7.2.24) Mr P Macleod (resigned 8.6.23) Ms T Phillips Ms K J Simpson Mr A Yates Mrs J M Preston (appointed 20.3.24)

Company Secretary

Ms D Blackburn

Page 3

WARRINGTON WOLVES COMMUNITY FOUNDATION (REGISTERED NUMBER: 05421006)

Report of the Trustees For The Year Ended 30 April 2024

REFERENCE AND ADMINISTRATIVE DETAILS Senior Statutory Auditor

Steven John Collings FCCA

Auditors

Leavitt Walmsley Associates Limited Chartered Certified Accountants and Statutory Auditors 8 Eastway Sale Cheshire M33 4DX

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Warrington Wolves Community Foundation for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Leavitt Walmsley Associates Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 26 September 2024 and signed on the board's behalf by:

Ms K N Houghton - Trustee

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Report of the Independent Auditors to the Members of Warrington Wolves Community Foundation

Opinion

We have audited the financial statements of Warrington Wolves Community Foundation (the 'charitable company') for the year ended 30 April 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

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Report of the Independent Auditors to the Members of Warrington Wolves Community Foundation

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations

The audit engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations. To that end, the audit engagement team identified laws and regulations applicable to the charitable company through discussions with the management team and from our knowledge and understanding of the charity as well as the charity sector as a whole.

We focussed on specific laws and regulations which we considered had a direct impact on the financial statements or the operations of the charitable company. This included consideration of:

o Companies Act 2006 o Charities Act 2011 o Health and Safety legislation o Child safety o General Data Protection Regulations o Fundraising regulation

We assessed the extent of compliance with laws and regulations identified above through inquiries of management and inspection of documentation, including correspondence.

Susceptibility of the financial statements to material misstatement, including by way of fraud

We assessed the susceptibility of the charitable company's financial statements to material misstatement, including obtaining an understanding of how fraud may occur by:

o inquiring of management as to any known actual, suspected and alleged fraud; o testing journal entries to identify unusual transactions;

o assessing whether judgements and assumptions used in preparing the financial statements indicated potential bias; and

o investigated the rationale behind significant or unusual transactions.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is we would become aware of non-compliance. International Standards on Auditing (UK) also limit the audit procedures required to identify non-compliance with laws and regulations to inquiry of management and the inspection fo regulatory and legal correspondence (if any).

Material misstatement that arises due to fraud can be harder to detect than misstatements which arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

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Report of the Independent Auditors to the Members of Warrington Wolves Community Foundation

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Steven John Collings FCCA (Senior Statutory Auditor) for and on behalf of Leavitt Walmsley Associates Limited Chartered Certified Accountants and Statutory Auditors 8 Eastway Sale Cheshire M33 4DX

26 September 2024

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WARRINGTON WOLVES COMMUNITY FOUNDATION

Notes
INCOME AND ENDOWMENTS
FROM
Donations and legacies
3
Charitable activities
6
Charitable activities
Other trading activities
4
Investment income
5
Total
EXPENDITURE ON
Raising funds
7
Charitable activities
8
Charitable activities
Total
Net gains on investments
NET INCOME/(EXPENDITURE)
Transfers between funds
20
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD		 Statement of Financial Activities
For The Year Ended 30 April 2024
Restricted
Unrestricted
Restricted
fixed
fund
fund
assets
£
£
£
46,061
60,837
-
-
177,206
-
196,906
133,808
-
8,787
-
-
251,754
371,851
-
40,665
1,157
-
275,221
348,679
907
315,886
349,836
907
2,888
-
-
(61,244)
22,015
(907)
(3,496)
-
3,496
(64,740)
22,015
2,589
392,042
25,150
-
327,302
47,165
2,589		 Statement of Financial Activities
For The Year Ended 30 April 2024
Restricted
Unrestricted
Restricted
fixed
fund
fund
assets
£
£
£
46,061
60,837
-
-
177,206
-
196,906
133,808
-
8,787
-
-
251,754
371,851
-
40,665
1,157
-
275,221
348,679
907
315,886
349,836
907
2,888
-
-
(61,244)
22,015
(907)
(3,496)
-
3,496
(64,740)
22,015
2,589
392,042
25,150
-
327,302
47,165
2,589		 30.4.24
Total
funds
£
106,898
177,206
330,714
8,787
623,605
41,822
624,807
666,629
2,888
(40,136)
-
(40,136)
417,192
377,056		 30.4.23
Total
funds
£
65,146
192,197
280,673
-
538,016
24,553
609,523
634,076
-
(96,060)
-
(96,060)
513,252
417,192

Unrestricted
fund
£
46,061
-
196,906
8,787
251,754
40,665
275,221
315,886
2,888
(61,244)
(3,496)
(64,740)
392,042
327,302
Restricted
fund
£
60,837
177,206
133,808
-
371,851
1,157
348,679
349,836
-
22,015
-
22,015
25,150
47,165

The notes form part of these financial statements

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WARRINGTON WOLVES COMMUNITY FOUNDATION (REGISTERED NUMBER: 05421006)

Balance Sheet
30 April 2024
30.4.24 30.4.23
Notes £ £
FIXED ASSETS
Tangible assets 15 2,589 -
CURRENT ASSETS
Debtors 16 124,099 159,410
Investments 17 44,041 40,000
Cash at bank 452,788 449,003
CREDITORS 620,928 648,413
Amounts falling due within one year 18 (246,461) (231,221)
NET CURRENT ASSETS 374,467 417,192
TOTAL ASSETS LESS CURRENT LIABILITIES 377,056 417,192
NET ASSETS 377,056 417,192
FUNDS 20
Unrestricted funds 327,302 392,042
Restricted funds 49,754 25,150
TOTAL FUNDS 377,056 417,192

The financial statements were approved by the Board of Trustees and authorised for issue on 26 September 2024 and were signed on its behalf by:

Ms K N Houghton - Trustee

The notes form part of these financial statements

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WARRINGTON WOLVES COMMUNITY FOUNDATION

Cash Flow Statement
For The Year Ended 30 April 2024
30.4.24
Notes
£
Cash flows from operating activities
Cash generated from operations
1
(1,506)
Net cash used in operating activities
(1,506)
Cash flows from investing activities
Purchase of tangible fixed assets
(3,496)
Interest received
8,787
Net cash provided by investing activities
5,291
Change in cash and cash equivalents in
the reporting period
3,785
Cash and cash equivalents at the
beginning of the reporting period
449,003
Cash and cash equivalents at the end of
the reporting period
452,788		 30.4.23
£
(109,284)
(109,284)
-
-
-
(109,284)
558,287
449,003

The notes form part of these financial statements

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WARRINGTON WOLVES COMMUNITY FOUNDATION

Notes to the Cash Flow Statement For The Year Ended 30 April 2024

1.
RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
30.4.24
£
Net expenditure for the reporting period (as per the Statement of
Financial Activities)
(40,136)
Adjustments for:
Depreciation charges
907
Interest received
(8,787)
Interest on unlisted investment
(1,153)
Gain on current asset investment
(2,888)
Decrease/(increase) in debtors
35,311
Increase in creditors
15,240
Net cash used in operations
(1,506)
30.4.23
£
(96,060)
46
-
-
-
(124,791)
111,521
(109,284)

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash At 1.5.23
Cash flow
At 30.4.24
£
£
£
Cash at bank 449,003
3,785
452,788
449,003
3,785
452,788
Liquid resources
Deposits included in cash -
-
-
Current asset investments 40,000
4,041
44,041
40,000
4,041
44,041
Total 489,003
7,826
496,829

The notes form part of these financial statements

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WARRINGTON WOLVES COMMUNITY FOUNDATION

Notes to the Financial Statements

For The Year Ended 30 April 2024

1. STATUTORY INFORMATION

Warrington Wolves Community Foundation is a private company limited by guarantee. It is incorporated in England and Wales under company number 05421006. The address of the registered office is provided in the Company Information page on page 1 of these financial statements.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', FRS 102 and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis on the basis that the trustees believe there are no material uncertainties that may call into question the charitable company's ability to continue as a going concern for at least 12 months from the date of approval of these financial statements.

In carrying out their assessment of going concern, the trustees have considered the level of funds held and the expected level of income and expenditure for a period of 12 months from the date of approval of these financial statements. The budgeted income and expenditure is considered to be adequate with the level of reserves for the charitable company to continue as a going concern.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Donations

For donations to be recognised, the charitable company must be notified of the amounts and settlement date in writing. If there are performance-related conditions attached to the donations, and this requires a level of performance to be achieved prior to entitlement, then income is deferred until those conditions are fully met, or the fulfilment of those conditions is within the control of the charitable company. It must also be probable (i.e. more likely than not) that the performance conditions will be fulfilled.

Trading activities

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

Government and other grants

Income from government and other grants is recognised at the fair value of the grant received or receivable. It is recognised when the charity has entitlement after any performance-relating obligations have been met; it is probable that the income will be received; and the amount can be measured reliably. If entitlement is not met, these amounts are deferred and presented within creditors: amounts falling due within one year as deferred income.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33% on cost

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WARRINGTON WOLVES COMMUNITY FOUNDATION

Notes to the Financial Statements - continued For The Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets

The company carries tangible fixed assets in the balance sheet using the depreciated historic cost method. Carrying amounts of fixed assets in the company's balance sheet are shown net of depreciation charges and, where applicable, provisions for impairment. Residual values of fixed assets are calculated on prices prevailing at the balance sheet date if the assets were of the age and condition expected at the end of their useful economic life. Profits or losses on the disposal of fixed assets are included in the calculation of profit for the period.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Financial instruments

Financial Instruments are classified and accounted for according to the substance of the transaction as either a financial asset, liability or equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after all liabilities have been deducted.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Statement of Financial Activities in expenditure.

3. DONATIONS AND LEGACIES

4.

Donations
Sponsorship
OTHER TRADING ACTIVITIES
Fundraising events
Coaching and activities
Contributions		 30.4.24
£
42,994
63,904
106,898
30.4.24
£
47,223
212,750
70,741
330,714		 30.4.23
£
23,535
41,611
65,146
30.4.23
£
40,168
181,834
58,671
280,673

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continued...

Docusign Envelope ID: 563B1AA7-7148-45D1-B323-D299A7811B39Docusign�Envelope�ID:�D7FAB8C1-A223-4ADC-BEEE-BA36B400F4DC

WARRINGTON WOLVES COMMUNITY FOUNDATION

Notes to the Financial Statements - continued For The Year Ended 30 April 2024

5.
INVESTMENT INCOME
Deposit account interest
6.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Charitable activities
Grants received, included in the above, are as follows:
General
7.
RAISING FUNDS
Other trading activities
Bad debts
Refreshments
Fundraising expenses
8.
CHARITABLE ACTIVITIES COSTS
Charitable activities
9.
SUPPORT COSTS
Charitable activities
Support costs, included in the above, are as follows:
General support costs
Insurance
Telephone
Postage and stationery
Subscriptions
Training
IT support
Irrecoverable VAT
Professional fees
Service charges
Auditor's remuneration		 Direct
Costs
£
584,705
General
support
costs
£
40,062		 30.4.24
£
8,787
30.4.24
£
177,206
30.4.24
£
177,206
30.4.24
£
-
1,465
40,357
41,822
Support
costs (see
note 9)
£
40,102
Finance
£
40
30.4.24
Charitable
activities
£
8,557
242
1,837
4,642
7,482
728
5,853
4,550
3,000
3,171
40,062		 30.4.23
£
-
30.4.23
£
192,197
30.4.23
£
192,197
30.4.23
£
1,117
1,889
21,547
24,553
Totals
£
624,807
Totals
£
40,102
30.4.23
Total
activities
£
7,196
168
1,986
4,970
6,074
6,582
3,954
3,864
1,000
5,430
41,224

Page 14

continued...

Docusign Envelope ID: 563B1AA7-7148-45D1-B323-D299A7811B39Docusign�Envelope�ID:�D7FAB8C1-A223-4ADC-BEEE-BA36B400F4DC

WARRINGTON WOLVES COMMUNITY FOUNDATION

Notes to the Financial Statements - continued For The Year Ended 30 April 2024

9. SUPPORT COSTS - continued Finance

10.

SUPPORT COSTS - continued
Finance
30.4.24 30.4.23
Charitable Total
activities activities
£ £
Bank charges 40 -
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets 30.4.24
£
907		 30.4.23
£
-
Auditor's remuneration 3,171 5,430

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023.

12. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Administration
Service delivery		 30.4.24
£
310,339
18,496
15,550
344,385
30.4.24
2
13
15		 30.4.23
£
317,109
23,500
9,808
350,417
30.4.23
2
11
13

No employees received remuneration packages exceeding £60,000 (2023: None).

Key management personnel compensation

Compensation paid to key management personnel amounted to £94,681 (2023: £165,691).

Page 15

continued...

Docusign Envelope ID: 563B1AA7-7148-45D1-B323-D299A7811B39Docusign�Envelope�ID:�D7FAB8C1-A223-4ADC-BEEE-BA36B400F4DC

WARRINGTON WOLVES COMMUNITY FOUNDATION

Notes to the Financial Statements - continued For The Year Ended 30 April 2024

13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
64,199
Charitable activities
Charitable activities
129,582
Other trading activities
275,264
Total
469,045
EXPENDITURE ON
Raising funds
23,894
Charitable activities
Charitable activities
438,282
Total
462,176
NET INCOME/(EXPENDITURE)
6,869
RECONCILIATION OF FUNDS
Total funds brought forward
385,173
TOTAL FUNDS CARRIED FORWARD
392,042		 Restricted
fund
£
947
62,615
5,409
68,971
659
171,241
171,900
(102,929)
128,079
25,150		 Restricted
fixed
assets
£
-
-
-
-
-
-
-
-
-
-		 Total
funds
£
65,146
192,197
280,673
538,016
24,553
609,523
634,076
(96,060)
513,252
417,192

14. EMPLOYEE BENEFIT OBLIGATIONS

The National Employment Savings Scheme (NEST) is a government auto-enrolment workplace pension scheme and is available to employees of the charity. NEST is a defined contribution scheme that was created as part of the government workplace pension reforms under the Pensions Act 2008. The contributions are allocated between restricted and unrestricted funds on the same basis as salary expense.

During the year there were contributions paid of £15,550 (2023: £14,548). At the year end there was a liability owed of £1,674 (2023: £1,659).

15. TANGIBLE FIXED ASSETS

Computer
equipment
£
COST
Additions
3,496
DEPRECIATION
Charge for year
907
NET BOOK VALUE
At 30 April 2024
2,589
At 30 April 2023
-

Page 16

continued...

Docusign Envelope ID: 563B1AA7-7148-45D1-B323-D299A7811B39Docusign�Envelope�ID:�D7FAB8C1-A223-4ADC-BEEE-BA36B400F4DC

WARRINGTON WOLVES COMMUNITY FOUNDATION

Notes to the Financial Statements - continued For The Year Ended 30 April 2024

16.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments and accrued income
17.
CURRENT ASSET INVESTMENTS
Unlisted investments
18.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
VAT
Other creditors
Accruals and deferred income
19.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Restricted
fund
fund
£
£
Fixed assets
-
-
Current assets
362,331
258,596
Current liabilities
(35,029)
(211,431)
327,302
47,165
20.
MOVEMENT IN FUNDS
At 1.5.23
£
Unrestricted funds
General fund
392,042
Restricted funds
Restricted funds
25,150
Restricted fixed assets
-
25,150
TOTAL FUNDS
417,192		 Restricted
fixed
assets
£
2,589
1
(1)
2,589
Net
movement
in funds
£
(61,244)
22,015
(907)
21,108
(40,136)		 30.4.24
£
96,211
4,334
23,554
124,099
30.4.24
£
44,041
30.4.24
£
27,398
5,268
8,918
1,674
203,203
246,461
30.4.24
Total
funds
£
2,589
620,928
(246,461)
377,056
Transfers
between
funds
£
(3,496)
-
3,496
3,496
-		 30.4.23
£
139,881
5,416
14,113
159,410
30.4.23
£
40,000
30.4.23
£
21,196
5,924
7,456
2,628
194,017
231,221
30.4.23
Total
funds
£
-
648,413
(231,221)
417,192
At
30.4.24
£
327,302
47,165
2,589
49,754
377,056

Page 17

continued...

Docusign Envelope ID: 563B1AA7-7148-45D1-B323-D299A7811B39Docusign�Envelope�ID:�D7FAB8C1-A223-4ADC-BEEE-BA36B400F4DC

WARRINGTON WOLVES COMMUNITY FOUNDATION

Notes to the Financial Statements - continued For The Year Ended 30 April 2024

20. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted funds
Restricted fixed assets
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS
Comparative net movement in funds, included in the
Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS		 Incoming
Resources
resources
expended
£
£
251,754
(315,886)
371,851
(349,836)
-
(907)
371,851
(350,743)
623,605
(666,629)
At 1.5.22
£
385,173
128,079
513,252
above are as follows:
Incoming
resources
£
469,045
68,971
538,016		 Gains and
Movement
losses
in funds
£
£
2,888
(61,244)
-
22,015
-
(907)
-
21,108
2,888
(40,136)
Net
movement
At
in funds
30.4.23
£
£
6,869
392,042
(102,929)
25,150
(96,060)
417,192
Resources
Movement
expended
in funds
£
£
(462,176)
6,869
(171,900)
(102,929)
(634,076)
(96,060)

Page 18

continued...

Docusign Envelope ID: 563B1AA7-7148-45D1-B323-D299A7811B39Docusign�Envelope�ID:�D7FAB8C1-A223-4ADC-BEEE-BA36B400F4DC

WARRINGTON WOLVES COMMUNITY FOUNDATION

Notes to the Financial Statements - continued For The Year Ended 30 April 2024

20. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Restricted funds
Restricted fixed assets
TOTAL FUNDS		 At 1.5.22
£
385,173
128,079
-
128,079
513,252		 Net
movement
in funds
£
(54,375)
(80,914)
(907)
(81,821)
(136,196)		 Transfers
between
funds
£
(3,496)
-
3,496
3,496
-		 At
30.4.24
£
327,302
47,165
2,589
49,754
377,056

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
720,799
(778,062)
Restricted funds
Restricted funds
440,822
(521,736)
Restricted fixed assets
-
(907)
440,822
(522,643)
TOTAL FUNDS
1,161,621
(1,300,705)		 Gains and
Movement
losses
in funds
£
£
2,888
(54,375)
-
(80,914)
-
(907)
-
(81,821)
2,888
(136,196)

21. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 April 2024.

Page 19