## Castleford Heritage Trust
Charity number 1116099
A company limited by guarantee number 05009303
Annual Report and Financial Statements
for the year ended 31 March 2022
Castleford Heritage Trust
Annual Report and Financial Statements for the year ended 31 March 2022
|**Contents**|**Page**|
|---|---|
|Trustees' report|2 to 4|
|Examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the accounts|8 to 14|
## **Prepared by West Yorkshire Community Accountancy Service CIO**
1
## Castleford Heritage Trust
## Trustees' report for the year ended 31 March 2022
## **Reference and administrative details of the charity, its trustees and advisors**
|The trustees during the financial year and up to and including the date the report was approved were:|The trustees during the financial year and up to and including the date the report was approved were:|The trustees during the financial year and up to and including the date the report was approved were:|
|---|---|---|
|**Name**|**Position**|**Dates**|
|Jane Walton|Chair||
|John Morrison|Treasurer||
|Tony Wallis|Vice-Chair||
|Mark Burns-Williamson|||
|David Wilders|||
|Meg Andrews|||
|John Munday|||
|Keith Emerick||Resigned 7 February 2022|
|Mandi Wilson|||
|Karen Tait||Appointed 12 April 2022|
|**Charity number**|1116099|Registered in England and W|
|**Company number**|05009303|Registered in England and W|
|**Registered and principal address**|**Bankers**||
|Queens Mill|Lloyds TSB||
|Aire Street|Westgate||
|Castleford|Wakefield||
|WF10 1JL|WF1 1JZ||
Registered in England and Wales Registered in England and Wales
## **Independent examiner**
E J Beverley FCCA Stringer House 34 Lupton Street Leeds LS10 2QW
## **West Yorkshire Community Accountancy Service CIO**
## **Structure, governance and management**
The charity is a company limited by guarantee and was formed on 7 January 2004. It is governed by a memorandum and articles of association amended on 7 June 2005 and 4 September 2006. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £1.
## **Method of recruitment and appointment of trustees**
The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM.
## **Objectives and activities**
## **The charity's objects**
The advancement of public education in the history of Castleford and the surrounding districts.
2
## Castleford Heritage Trust
## Trustees' report (continued) for the year ended 31 March 2022
## **Objectives and activities (continued)**
## **The charity's main activities**
Castleford Heritage Trust facilitates and enables community activities, learning and development for the benefit of local people and visitors. We use our heritage and culture as a vehicle for promoting regeneration and to assist and strengthen local communities. Based at Queen’s Mill, the Trust is a recognised established Community Anchor for Castleford and is part of the wider Community Anchors Network to benefit the people of Castleford and wider district.
Keeping in mind our aims and objectives, trustees continued to meet monthly and held one strategic planning meeting. All CHT progress, concerns, achievements and financial matters were reported, monitored and examined at trustee meetings.
## **Public benefit statement**
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of public education.
## **Achievements and performance**
We have been able to re-introduce face to face activities and events, as Covid restrictions have eased throughout the year. We have continued to deliver community activities for older people through our Connecting Communities project, and have returned to the Independent Living Schemes. We have remained a Help at the Hubs venue, supporting local people to access voucher schemes and hosting the Citizen’s Advice bureau on a weekly basis. We continue to receive room bookings for social and business events, and all our lettable spaces remain occupied.
## **Financial review**
The net income for the year was £52,916, including net income of £68,658 on unrestricted funds and net expenditure of £15,742 on restricted funds after transfers.
At the time of signing these accounts the charity has been impacted by the global Covid-19 virus. The trustees have reassessed the charity’s ability to continue for at least 12 months from the date that the accounts are approved and conclude that no material uncertainties exist that cast significant doubt on the charity’s ability to continue as a going concern.
## **Reserves policy**
The charity's free reserves, excluding fixed assets, at the year end were £28,025. This figure takes into account the long term liabilities of £35,778 which relate to a Bounce Back loan repayable over the next 9 years.
The trustees are confident that the long term liabilities will be covered by rental income in the period the liabilities fall due and therefore when considering the reserves of the charity also monitor the net current assets figure.
The Trustees of CHT will ensure that the unrestricted reserves held as at the year end Balance Sheet date will provide the charity with adequate financial stability and the means for it to meet its charitable objectives for the foreseeable future.
The trustees propose to maintain the charity’s unrestricted reserves at a level which is at least equivalent to six months normal annual operational expenditure having regards to its manner of operation and its contractually secured rental funding streams.
The trustees review the amount of reserves held at the quarterly balance sheet date that are required to ensure that they are adequate to fulfil the charity’s continuing obligations on a quarterly basis at their Board meeting.
3
## Castleford Heritage Trust
## Trustees' report (continued) for the year ended 31 March 2022
## **Statement of trustees' responsibilities**
The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.
Company law requires the trustees to prepare financial accounts 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 the year. In preparing these financial statements, the trustees are required to:
select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
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 accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.
Signed on behalf of the board of trustees on 20/10/2022
John Morrison (Trustee)
4
## Castleford Heritage Trust
## Independent examiner's qualified report to the trustees of Castleford
## Heritage Trust
I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2022, which are set out on pages 6 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 ('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 - matter of concern identified**
I have completed my examination. I have identified a matter of concern in my report because I have concerns that there has been material expenditure or action which appears not to be in accordance with the trusts of the charity.
The charity has received restricted funding which it has spent in accordance with the terms of that funding, however the purpose of that funding was wider than the charities current objects, incorporating social and educational work and support in the community. The community has always been at the heart of the charity, its original objects focusing on education in history and heritage but the activites have expanded, especially during the pandemic, to include social and welfare activities which currently fall outside the original objects. The charity is now in the process of setting new objects to incorporate the additional activities into its existing objects.
I confirm that no other material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
- 2 the accounts do not accord with those records; or
- 3 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
- 4 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
E J Beverley FCCA
06/12/2022
## **West Yorkshire Community Accountancy Service CIO**
Stringer House 34 Lupton Street Leeds LS10 2QW
5
## Castleford Heritage Trust
## Statement of Financial Activities
## (including summary income and expenditure account) for the year ended 31 March 2022
|Notes
2022
Unrestricted
funds
£
**Income from:**
Grants and donations
(2)
91,731
Sales and fees
6,368
Fundraising
720
Memberships
259
Room, studio, facilities hire
72,917
Miscellaneous income
296
Interest received
5
**Total income**
172,296
**Expenditure on:**
Salaries, national insurance and pensions
(3)
26,564
Payroll costs
1,456
Freelance worker
-
Travel and subsistence
30
Professional development
648
Events and activities
641
Phone, internet and postage
3,233
General consumables
76
Printing and stationery
1,231
Repairs, renewals and maintenance
16,851
Insurance
8,899
Accountancy and independent examination
1,320
Professional fees
1,648
Bank charges
202
Sundry
2,077
Depreciation
15,687
Utilities
25,966
Cost of sales
2,824
Subscriptions
522
Equipment
600
Loan interest
1,479
**Total expenditure**
111,954
**Net income / (expenditure)**
60,342
**Transfers between funds**
8,316
**Net movement in funds**
68,658
**Fund balances brought forward**
391,623
**Fund balances carried forward**
(4)
460,281|2022
Restricted
funds
£
49,652
-
-
-
-
-
-
49,652
44,661
-
-
88
-
4,496
5
236
416
4,293
-
-
670
-
941
-
-
-
224
1,048
-
57,078
(7,426)
(8,316)
(15,742)
87,391
71,649|2022
Total
funds
£
141,383
6,368
720
259
72,917
296
5
221,948
71,225
1,456
-
118
648
5,137
3,238
312
1,647
21,144
8,899
1,320
2,318
202
3,018
15,687
25,966
2,824
746
1,648
1,479
169,032
52,916
-
52,916
479,014
531,930|2021
Total
funds
£
157,090
5,633
-
206
57,190
94
-
220,213
58,941
1,226
1,500
945
-
763
2,055
223
1,928
13,761
5,908
1,320
468
199
230
14,547
17,466
1,204
82
233
1,477
124,476
95,737
-
95,737
383,277
479,014|
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
6
## Castleford Heritage Trust
## Balance sheet
|as at 31 March 2022
2022
Unrestricted
£
**Fixed assets**
Tangible assets
(5)
432,256
**Total fixed assets**
432,256
**Current assets**
Debtors and prepayments
(6)
9,790
Cash at bank and in hand
(7)
121,477
**Total current assets**
131,267
**Current liabilities:**
**amounts falling due within one year**
Creditors and accruals
(8)
67,464
**Total current liabilities**
67,464
**Net current assets / (liabilities)**
63,803
**Total assets less current liabilities**
496,059
**Creditors: amounts falling due after one year**
(9)
35,778
**Net assets**
460,281
**Funds**
Unrestricted funds
460,281
Restricted funds
-
**Total funds**
460,281|2022
Restricted
£
-
-
-
71,649
71,649
-
71,649
71,649
-
71,649
-
71,649
71,649|2022
Total
£
432,256
432,256
9,790
193,126
202,916
67,464
67,464
135,452
567,708
35,778
531,930
460,281
71,649
531,930|2021
Total
£
439,436
439,436
3,997
198,654
202,651
10,011
10,011
192,640
632,076
153,062
479,014
391,623
87,391
479,014|
|---|---|---|---|
For the year ending 31 March 2022 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).
The financial statements were approved by the board of trustees on 20/10/2022
John Morrison (Trustee)
7
## Castleford Heritage Trust
## Notes to the accounts
## for the year ended 31 March 2022
## **1 Accounting policies**
## **Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.
## **Going concern**
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
## **Incoming resources**
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
## **Grants and donations**
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
Donated goods for resale are valued at the amount actually realised upon their sale.
Donated assets, facilities or services are valued at their estimated value to the charity. This is the price that the charity estimates it would pay in the open market for equivalent items; or services and facilities of equivalent utility to the charity.
## **Expenditure and liabilities**
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
## **Taxation**
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
## **Tangible fixed assets**
Tangible fixed assets costing more than £500 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows: Freehold land and buildings: over 50 years Fixtures and fittings: over 6 years Computer equipment: over 3 years Equipment: over 4 years
8
## Castleford Heritage Trust
## Notes to the accounts
for the year ended 31 March 2022
## **1 Accounting policies continued**
## **Pensions**
The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
## **Leases**
Rents under operating leases are charged on a straight line basis over the lease term or to an earlier date if the lease can be determined without financial penalty.
9
## Castleford Heritage Trust
## Notes to the accounts continued
## for the year ended 31 March 2022
|**2 Grants and donations**
WMDC - Connecting communities
WMDC - loss of income
WMDC - covid business grant
WMDC - heritage day
WMDC - Wordfest
Nova - help at the hubs
Nova - Response support grant
Nova and Featherstone Rovers
Nova - courtyard
Power to Change
The National Lottery
Business Interruption grant
Loan amount written off
Other donations
**3 Staff costs and numbers**
Gross salaries
Social security costs
Employment allowance
Pensions
Wakefield and District Health and Community
Support (WDHCS)|2022
Unrestricted
funds
£
-
15,479
2,667
-
-
9,600
3,000
2,030
-
-
-
-
-
57,500
1,455
91,731|2022
Restricted
funds
£
48,500
-
-
560
400
-
-
-
-
-
-
-
-
-
192
49,652|2022
Total
funds
£
48,500
15,479
2,667
560
400
9,600
3,000
2,030
-
-
-
-
-
57,500
1,647
141,383
2022
£
70,972
1,998
(1,998)
253
71,225|2021
Total
funds
£
48,000
13,956
46,000
1,234
-
4,800
1,500
-
19,000
10,000
10,000
350
1,000
-
1,250
157,090
2021
£
58,743
1,822
(1,822)
198
58,941|
|---|---|---|---|---|
|The average number of employees during the year was 8.5, being an average of 3.2 full time equivalent|The average number of employees during the year was 8.5, being an average of 3.2 full time equivalent||
|---|---|---|
|(2021: 7.1, 3.1 FTE). There were no employees with emoluments above £60,000.|||
|**Defined contribution pension scheme**|2022|2021|
||£|£|
|Costs of the scheme to the charity for the year|253|198|
10
## Castleford Heritage Trust
## Notes to the accounts continued for the year ended 31 March 2022
|**4 Restricted funds**
Wheel of Light
WMDC - Connecting communities
WMDC - Lets get cooking
WMDC - Website
WMDC - heritage day
WDHCS
The National Lottery
Power to Change
Nova - courtyard
WMDC - Wordfest
WMDC - Water wheel|Balance b/f
£
35,747
3,000
12,381
104
5,000
1,156
782
2,423
7,798
19,000
-
87,391|Incoming
£
192
-
48,500
-
-
560
-
-
-
-
400
49,652|Outgoing
£
2,290
-
49,108
-
-
402
-
1,312
3,186
380
400
57,078|Transfers
£
-
-
(4,799)
-
-
-
-
(697)
(2,820)
-
-
(8,316)|Balance c/f
£
33,649
3,000
6,974
104
5,000
1,314
782
414
1,792
18,620
-
71,649|
|---|---|---|---|---|---|
## **Fund name**
## **Purpose of restriction**
WMDC - Water wheel
Wheel of Light WMDC - Connecting communities
WMDC - Lets get cooking WMDC - Website WMDC - heritage day WDHCS The National Lottery
Power to Change
Nova - courtyard
WMDC - Wordfest
Match funding towards the restoration of Queens Mill to ensure the restoration can be completed and complementary skills/training and educational outcomes achieved.
Sensory equipment for learning space (once developed).
To run events and classes for the older generation to tackle loneliness and encourage friendships and participation. The transfer relates to room usage charges.
Towards a project about cooking healthy nutritional meals. Towards improving the website.
Towards a heritage day.
For expenses relating to Covid-19.
Towards digital equipment. The transfer relates to the purchase of walkie talkies which have been capitalised.
Towards digital equipment. The transfer relates to the purchase of CCTV which has been capitalised. Support Hub funding to cover the cost of groundworks for the Courtyard project.
To run a Wordfest event in October 2021.
11
## Castleford Heritage Trust
## Notes to the accounts continued
## for the year ended 31 March 2022
|**5 **|**Tangible assets**
**Cost**
At 1 April 2021
Additions
At 31 March 2022
**Depreciation**
At 1 April 2021
Charge for year
At 31 March 2022
**Net book value**
At 31 March 2022
At 31 March 2021|£
16,372
697
17,069
8,485
2,805
11,290
5,779
7,887
Equipment|£
479,056
-
479,056
50,439
9,582
60,021
419,035
428,617
Property|£
25,569
7,810
33,379
22,637
3,300
25,937
7,442
2,932
Fixtures
and Fittings|Total
£
520,997
8,507
529,504
81,561
15,687
97,248
432,256
439,436|
|---|---|---|---|---|---|
## **Security over assets**
A loan of £115,000 was made to the charity by Alison Drake, chair of the trustees on 19 April 2013. The loan is secured on the property owned by the charity by a legal charge.
Following the death of Alison Drake the loan transferred to the beneficiaries of her will. During the year 50% of the loan was written off, the balance of the loan remains repayable April 2022.
|**6 Debtors and prepayments**
Trade debtors
Prepayments
Accrued income
Other debtors
**7 Cash at bank and in hand**
Cash at bank
Cash in hand
**8 Creditors and accruals**
Bank loans and overdrafts
Trade creditors
Accruals
Deferred income (see note below for analysis)
Other creditors|2022
£
5,316
1,895
60
2,519
9,790
2022
£
192,401
725
193,126
2022
£
4,666
1,359
3,809
130
57,500
67,464|2021
£
1,199
1,022
-
1,776
3,997
2021
£
198,513
141
198,654
2021
£
2,800
4,001
3,210
-
-
10,011|
|---|---|---|
12
## Castleford Heritage Trust
## Notes to the accounts continued
## for the year ended 31 March 2022
|**9 Creditors: amounts falling due after one year**
Bank loans
Other creditors
**Deferred income**
Invoice for cleaning costs
**Item name**
**Reason for deferral**
Invoice for cleaning costs
April costs invoiced in March|2022
£
35,778
-
35,778
Released
from last
year
£
-
-|2021
£
39,200
113,862
153,062
Deferred to
next year
£
130
130|
|---|---|---|
## **10 Related party transactions**
## **Trustee expenses**
No trustee received any expenses during this year or the previous year.
## **Trustee remuneration and benefits**
No trustee received any remuneration or benefit during this or the previous year.
## **Remuneration and benefits received by key management personnel**
The key management personnel of the charity include the trustees and Chief Officer. The total employee benefits received were £12,233 (previous year: £10,960).
No trustee received any remuneration or benefit in this capacity during this or the previous year.
## **11 Operating leases**
|Within one year
In the second to fifth years inclusive
Expected future minimum lease payments over the remaining life of the
lease, analysed into the period in which the commitment falls due:|2022
£
432
756
1,188|2021
£
432
1,189
1,621|
|---|---|---|
13
## Castleford Heritage Trust
## Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2022
|2022
2021
Unrestricted Unrestricted
funds
funds
£
£
**Income**
Grants and donations
91,731
67,298
Sales and fees
6,368
5,633
Fundraising
720
-
Memberships
259
206
Room, studio, facilities hire
72,917
57,190
Miscellaneous income
296
94
Interest received
5
-
**Total income**
172,296
130,421
**Expenditure**
Salaries, national insurance and pens
26,564
20,230
Payroll costs
1,456
1,226
Freelance worker
-
-
Travel and subsistence
30
314
Professional development
648
-
Events and activities
641
400
Phone, internet and postage
3,233
1,807
General consumables
76
195
Printing and stationery
1,231
1,761
Repairs, renewals and maintenance
16,851
10,985
Insurance
8,899
5,908
Accountancy and independent exam
1,320
1,320
Professional fees
1,648
468
Bank charges
202
199
Sundry
2,077
230
Depreciation
15,687
14,547
Utilities
25,966
14,466
Cost of sales
2,824
1,204
Subscriptions
522
82
Equipment
600
95
Loan interest
1,479
1,127
**Total expenditure**
111,954
76,564
**Net income / (expenditure)**
60,342
53,857
**Transfers between funds**
8,316
10,080
**Net movement in funds**
68,658
63,937
**Fund balances brought forward**
391,623
327,686
**Fund balances carried forward**
460,281
391,623|2022
Restricted
funds
£
49,652
-
-
-
-
-
-
49,652
44,661
-
-
88
-
4,496
5
236
416
4,293
-
-
670
-
941
-
-
-
224
1,048
-
57,078
(7,426)
(8,316)
(15,742)
87,391
71,649|2021
Restricted
funds
£
89,792
-
-
-
-
-
-
89,792
38,711
-
1,500
631
-
363
248
28
167
2,776
-
-
-
-
-
-
3,000
-
-
138
350
47,912
41,880
(10,080)
31,800
55,591
87,391|2022
Total
funds
£
141,383
6,368
720
259
72,917
296
5
221,948
71,225
1,456
-
118
648
5,137
3,238
312
1,647
21,144
8,899
1,320
2,318
202
3,018
15,687
25,966
2,824
746
1,648
1,479
169,032
52,916
-
52,916
479,014
531,930|2021
Total
funds
£
157,090
5,633
-
206
57,190
94
-
220,213
58,941
1,226
1,500
945
-
763
2,055
223
1,928
13,761
5,908
1,320
468
199
230
14,547
17,466
1,204
82
233
1,477
124,476
95,737
-
95,737
383,277
479,014|
|---|---|---|---|---|
14