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← Castleford Heritage Trust

2024-03-31-accounts

Castleford Heritage Trust

Charity number 1116099

A company limited by guarantee number 05009303

Annual Report and Financial Statements

for the year ended 31 March 2024

Castleford Heritage Trust

Annual Report and Financial Statements for the year ended 31 March 2024

Contents Page
Trustees' report 2 to 7
Examiner's report 8
Statement of financial activities 9
Balance sheet 10
Statement of cash flows 11
Notes to the accounts 12 to 20

Prepared by West Yorkshire Community Accountancy Service CIO

1

Castleford Heritage Trust

Trustees' report for the year ended 31 March 2024

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: Name Position Dates Jane Walton Chair John Morrison Treasurer Tony Wallis Vice-Chair Mark Burns-Williamson David Wilders Meg Andrews John Munday Karen Tait John Bell Appointed 12 October 2023 Charity number 1116099 Registered in England and Wales Company number 05009303 Registered in England and Wales Registered and principal address Bankers Queens Mill Lloyds TSB Aire Street Westgate Castleford Wakefield WF10 1JL WF1 1JZ

Independent examiner

E J Beverley FCCA West Yorkshire Community Accountancy Service CIO Stringer House 34 Lupton Street Leeds LS10 2QW

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.

The charity is governed by nine trustees, plus a Membership Trustee, who is nominated to the board for a two year period by the membership of the charity.

Ten board meetings per year are held, plus the Annual General Meeting.

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.

New trustees are inducted by the Chair and are provided with a Role Description. They are asked to complete Declaration of Eligibility and Register of Trustees Interests forms and a Code of Conduct. Training needs will be discussed at induction and Board Skills Audits are undertaken when appropriate.

Trustees delegate the day to day running of the organisation to staff, and are presented at each meeting with progress and financial reports. Trustees are involved in the strategic planning for the charity.

2

Castleford Heritage Trust

Trustees' report (continued) for the year ended 31 March 2024

Objectives and activities

The charity's objects

The advancement of public education in the history of Castleford and the surrounding districts, including the support of local regeneration projects.

During 2023 the trustees investigated broadening the objects. The proposed objects have been accepted in principle by the Charity Commission.

On 14 March 2023 the Membership of the Charity voted to accept the proposed changes to the Charitable Objects, as recommended by the Charity Commission. The new objects are:

The advancement of public education in the history of Castleford and the surrounding districts, including the support of local regeneration projects.

To further or benefit the residents of Castleford and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation, with the objective of improving the conditions of life for the residents.

These new objects have been lodged with Companies House and are in the process of being updated with the Charity Commission.

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.

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

The renovations to the ‘heart of the mill’ (Towns Deal funding) are progressing well.

Over the period April 2023 to March 2024 we have delivered the following activities:

National Lottery Community Fund, Reaching Communities project provision:

3

Castleford Heritage Trust

Trustees' report (continued) for the year ended 31 March 2024

Achievements and performance (continued)

NOVA Wakefield District Limited – Help at the Hub venue offering:

Other community groups using the mill include:

Other community activities include:

Partnerships and Networks:

Volunteering Programme

We have volunteering opportunities in a range of areas, managed by our Volunteer Coordinator. In 2023/24, our volunteers provided 5,270 hours of support, this is equivalent to three full-time positions. Our shop in Castleford indoor market is completely run by volunteers, and sells a range of handmade crafts, including knitted and quilted goods created by our Knit and Natter and Quilt and Stitch groups.

Plans for future periods

By the end of March 2025, we plan to:

By the end of March 2026, we plan to:

4

Castleford Heritage Trust

Trustees' report (continued) for the year ended 31 March 2024

Plans for future periods (continued)

By the end of March 2027, we plan to:

2 Secure necessary grant funding

By the end of March 2025, we plan to:

By the end of March 2026, we plan to:

3 Other community activities

By the end of March 2026, we plan to:

By the end of March 2027, we plan to:

By the end of March 2028, we plan to:

4 Increase green energy provision

By the end of March 2026, we plan to:

By the end of March 2027, we plan to:

Financial review

The net income for the year was £193,534, including net income of £61,112 on unrestricted funds and net income of £132,422 on restricted funds after transfers.

5

Castleford Heritage Trust

Trustees' report (continued) for the year ended 31 March 2024

Reserves policy

The charity's free reserves, excluding fixed assets, at the year end were £5,686.

This figure takes into account the long term liabilities of £26,445 which relate to a Bounce Back loan repayable over the next 8 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.

6

Castleford Heritage Trust

Trustees' report (continued) for the year ended 31 March 2024

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.

approved by the board of trustees on 17/10/2024

John Morrison (Trustee)

7

Castleford Heritage Trust

Independent examiner's 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 2024, which are set out on pages 9 to 20.

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

Since the charitable company's gross income exceeded £250,000 your examiner must be a fellow 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 fellow of ACCA which is one of the listed bodies.

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:

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

22/10/2024

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

8

Castleford Heritage Trust

Statement of Financial Activities

(including summary income and expenditure account) for the year ended 31 March 2024

Notes
2024
Unrestricted
funds
£
Income from:
Donations and legacies
(2)
15,112
Charitable activities
(3)
6,761
Other trading activities
(4)
96,945
Other
(5)
1,794
Total income
120,612
Expenditure on:
Raising funds
(6)
-
Charitable activities
(7)
141,464
Total expenditure
141,464
Net income / (expenditure)
(20,852)
Transfers between funds
81,964
Net movement in funds
61,112
Fund balances brought forward
431,038
Fund balances carried forward
(8)
492,150		 2024
Restricted
funds
£
426,162
-
752
-
426,914
-
212,528
212,528
214,386
(81,964)
132,422
175,151
307,573		 2024
Total
funds
£
441,274
6,761
97,697
1,794
547,526
-
353,992
353,992
193,534
-
193,534
606,189
799,723		 2023
Total
funds
£
170,779
9,634
89,731
55
270,199
208
195,732
195,940
74,259
-
74,259
531,930
606,189

All incoming resources and resources expended derive from continuing activities.

9

Castleford Heritage Trust

Balance sheet

as at 31 March 2024
2024
Unrestricted
£
Fixed assets
Tangible assets
(9)
486,464
Total fixed assets
486,464
Current assets
Debtors and prepayments
(10)
11,208
Cash at bank and in hand
(11)
31,750
Total current assets
42,958
Current liabilities:
amounts falling due within one year
Creditors and accruals
(12)
10,827
Total current liabilities
10,827
Net current assets / (liabilities)
32,131
Total assets less current liabilities
518,595
Creditors: amounts falling due after one year
(13)
26,445
Net assets
492,150
Funds
Unrestricted funds
492,150
Restricted funds
-
Total funds
492,150		 2024
Restricted
£
-
-
3,552
304,021
307,573
-
-
307,573
307,573
-
307,573
-
307,573
307,573		 2024
Total
£
486,464
486,464
14,760
335,771
350,531
10,827
10,827
339,704
826,168
26,445
799,723
492,150
307,573
799,723		 2023
Total
£
422,043
422,043
37,690
189,893
227,583
12,326
12,326
215,257
637,300
31,111
606,189
431,038
175,151
606,189

For the year ending 31 March 2024 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 are 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 17/10/2024

John Morrison (Trustee)

10

Castleford Heritage Trust

Statement of cash flows

for the year ended 31 March 2024

Cash flows from operating activities:
Net cash provided by (used in) operating activities
Cash flows from investing activities:
Bank interest
Purchase of tangible fixed assets (excluding donated assets)
Net cash provided by (used in) investing activities
Cash flows from financing activities:
Repayments on borrowing
Cash inflows from new borrowing
Net cash provided by (used in) financing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
Cash and cash equivalents at the end of the reporting period
Adjustments for:
Depreciation charges
Bank interest
Interest payable on loan finance
(Increase) / decrease in debtors
Increase / (decrease) in creditors
Net cash provided by (used in) operating activities
Analysis of cash and cash equivalents
Notice deposits (less than 30 days)
Total cash and cash equivalents
Reconciliation of net movement in funds to net cash flow
from operating activities
Net movement in funds for the reporting period (as per the
statement of financial activities)
Cash in hand		 2024
£
238,046
27
(86,687)
(86,660)
(5,507)
-
(5,507)
145,878
189,893
335,771
2024
£
193,534
22,266
(27)
842
22,930
(1,499)
238,046
2024
£
28
335,743
335,771		 2023
£
8,267
5
(5,880)
(5,875)
(5,625)
-
(5,625)
(3,233)
193,126
189,893
2023
£
74,259
16,093
(5)
958
(27,900)
(55,138)
8,267
2023
£
58
189,835
189,893

11

Castleford Heritage Trust

Notes to the accounts

for the year ended 31 March 2024

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, if 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.

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

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.

12

Castleford Heritage Trust

Notes to the accounts

for the year ended 31 March 2024

1 Accounting policies continued

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

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.

13

Castleford Heritage Trust

Notes to the accounts continued

for the year ended 31 March 2024

2 Donations and legacies
Grants:
NOVA
The National Lottery (TNL)
West Yorkshire Combined Authority
WMDC
UK Community Renewal Fund (UK CRF)
Donations
3 Charitable activities income
Sales and fees
4 Other trading activities
Fundraising
Room, studio, facilities hire
5 Other
Interest receivable
Other income
6 Raising funds
Marketing and publicity		 2024
Unrestricted
funds
£
-
13,575
-
-
-
-
1537
15,112
2024
Unrestricted
funds
£
6,761
6,761
2024
Unrestricted
funds
£
849
96,096
96,945
2024
Unrestricted
funds
£
27
1,767
1,794
2024
Unrestricted
funds
£
-
-		 2024
Restricted
funds
£
17,561
103500
4331
300,250
-
520
426,162
2024
Restricted
funds
£
-
-
2024
Restricted
funds
£
-
752
752
2024
Restricted
funds
£
-
2024
Restricted
funds
£
-		 2024
Total
funds
£
31,136
103500
4331
300,250
-
2057
441,274
2024
Total
funds
£
6,761
6,761
2024
Total
funds
£
849
96,848
97,697
2024
Total
funds
£
27
1,767
1,794
2024
Total
funds
£
-
-		 2023
Total
funds
£
10,050
57,375
-
92,000
10,040
1314
170,779
2023
Total
funds
£
9,634
9,634
2023
Total
funds
£
2,355
87,376
89,731
2023
Total
funds
£
5
50
55
2023
Total
funds
£
208
208

14

Castleford Heritage Trust

Notes to the accounts continued

for the year ended 31 March 2024

7 Charitable activities expenditure
Charitable activities
7a Support costs
Support cost type
Management and admin salaries
Accountancy and independent examination
Payroll costs
Loan interest
Bank charges
Memberships and subscriptions
7b Charitable activities expenditure detail
Salaries NI and pensions
(7c)
Payroll costs
Freelance worker
Travel and subsistence
Professional development
Events and activities
General consumables
Cost of sales
Equipment
Repairs, renewals and maintenance
Insurance
Utilities
Professional fees
Accountancy and independent examination
Bank charges
Loan interest
Phone, internet and postage
Printing and stationery
Subscriptions
New website
Sundry
Depreciation
Bad debts
Volunteer expenses		 Activities
undertaken
directly
£
317,624
317,624
Charitable
activity
£
24296
-
2666
-
-
1158
28,120
2024
Unrestricted
funds
£
49,162
2,666
-
140
593
266
999
4,051
-
22,302
11,182
10,593
23
2,574
325
842
7,932
1,984
983
-
1,152
22,266
1,429
-
141,464		 Support
costs
£
36,368
36,368
Governance
activity
£
4507
2574
-
842
325
-
8,248
2024
Restricted
funds
£
46,849
-
18,572
127
-
3,565
9
-
144
114,324
-
19,333
8,539
-
-
-
-
-
175
-
766
-
-
125
212,528		 2024
Total
cost
£
353,992
353,992
2024
Total
cost
£
28803
2574
2666
842
325
1158
36,368
2024
Total
cost
£
96,011
2,666
18,572
267
593
3,831
1,008
4,051
144
136,626
11,182
29,926
8,562
2,574
325
842
7,932
1,984
1,158
-
1,918
22,266
1,429
125
353,992		 2023
Total
cost
£
195,732
195,732
2023
Total
cost
£
21589
1848
1255
958
283
726
26,659
2023
Total
cost
£
72,705
1,255
2,006
544
224
2,045
507
4,066
-
11,961
9,588
47,518
9,039
1,848
283
958
7,328
1,627
726
4,875
536
16,093
-
-
195,732

15

Castleford Heritage Trust

Notes to the accounts continued

for the year ended 31 March 2024

Staff costs and numbers
Gross salaries
Social security costs
Employment allowance
Pensions		 2024
£
94,812
3,883
(3,883)
1,199
96,011		 2023
£
72,089
2,025
(2,025)
616
72,705

7c Staff costs and numbers

The average number of employees during the year was 8, being an average of 4.2 full time equivalent (2023: 7.3, 3.4 FTE). There were no employees with emoluments above £60,000.

Defined contribution pension scheme
Costs of the scheme to the charity for the year
8 Restricted funds
Balance b/f
£
-
140
Nova - Courtyard
15,410
TNL - Know your neighbourhood
-
WMDC - Lets get cooking
104
TNL - Digital fund
414
-
Power to Change
1,792
TNL - Reaching Communities Yr 1
29,268
TNL - Reaching Communities Yr 2
-
WMDC - Towns Deal (1)
90,000
WMDC - Towns Deal (2)
-
WMDC - Towns Deal (3)
-
WDHCS
782
3,000
32,802
WMDC - WordFest
-
WMDC - Heritage day
1,314
WMDC - Website
125
WYCA - Energy Saving
-
175,151
WMDC - Water wheel
NOVA- Better Neighbourhoods for
Wakefield
Boat Festival
Wheel of Light
WMDC - Connecting communities		 Incoming
£
520
-
-
26,250
-
-
18,313
-
19,125
58,125
-
100,000
200,000
-
-
-
250
-
-
4,331
426,914		 Outgoing
£
167
-
1,569
10,997
-
-
752
-
27,865
39,963
61,750
35,171
34,294
-
-
-
-
-
-
-
212,528		 2024
£
1,199
Transfers
£
-
-
-
-
-
-
(17,561)
-
-
-
-
(60,072)
-
-
-
-
-
-
-
(4,331)
(81,964)		 2023
£
616
Balance c/f
£
353
140
13,841
15,253
104
414
-
1,792
20,528
18,162
28,250
4,757
165,706
782
3,000
32,802
250
1,314
125
-
307,573

16

Castleford Heritage Trust Notes to the accounts continued for the year ended 31 March 2024

8 Restricted funds (continued)

Fund name Purpose of restriction Boat Festival Towards a Boat Festival WMDC - Connecting communities To run events and classes for the older generation to tackle loneliness and encourage friendships and participation. The transfer relates to room usage charges. Nova - Courtyard Support Hub funding to cover the cost of groundworks for the Courtyard project. TNL - Know your neighbourhood Empowering communities to take sustained action on volunteering WMDC - Lets get cooking Towards a project about cooking healthy nutritional meals. TNL - Digital fund Towards digital equipment. NOVA- Better Neighbourhoods for Implement energy saving measures and encourage cycling to support Wakefield greener, cleaner and climate-ready neighbourhoods. The transfer relates to the purchase of a cycle shelter and 3 heating/air conditioning units capitalised for the general use of the charity. Power to Change Delivering and supporting a wide range of community provision that supports community wellbeing and will be increasingly more accessible and inclusive, actively engaging with the diversity in our communities and dismantling barriers to involvement. TNL - Reaching Communities Yr 1 Delivering and supporting a wide range of community provision that supports community wellbeing and will be increasingly more accessible and inclusive, actively engaging with the diversity in our communities and dismantling barriers to involvement. TNL - Reaching Communities Yr 2 As above WMDC - Towns Deal (1) For the improvement of Queens Mill WMDC - Towns Deal (2) For the improvement of Queens Mill The transfer relates to the purchase of a new lift which has been capitalised for the general use of the charity. WMDC - Towns Deal (3) For the improvement of Queens Mill WDHCS For expenses relating to Covid-19. Wheel of Light Sensory equipment for learning space (once developed). WMDC - Water wheel Match funding towards the restoration of Queens Mill to ensure the restoration can be completed and complementary skills/training and educational outcomes achieved. WMDC - WordFest Towards a heritage day. WMDC - Heritage day Towards improving the website. WMDC - Website Towards improving the website. WYCA - Energy Saving Improve energy efficiency by installing air conditioning units and LED light bulbs. The transfer relates to the purchase of heating/air conditioning units capitalised for the general use of the charity.

17

Castleford Heritage Trust

Notes to the accounts continued

for the year ended 31 March 2024

9
10
11
12
**13 **		 Tangible assets
Cost
£
At 1 April 2023
22,949
Additions
1,731
At 31 March 2024
24,680
Depreciation
At 1 April 2023
15,565
Charge for year
4,702
At 31 March 2024
20,267
Net book value
At 31 March 2024
4,413
At 31 March 2023
7,384
Debtors and prepayments
Debtors
Prepayments
Accrued income
Other debtors
Cash at bank and in hand
Cash at bank
Cash in hand
Creditors and accruals
Bank loans and overdrafts
Creditors
Accruals
Deferred income (see note 15 for analysis)
Creditors: amounts falling due after one year
Bank loans
Equipment		 £
479,056
60,072
539,128
69,603
12,115
81,718
457,410
409,453
Property		 £
33,379
24,884
58,263
28,173
5,449
33,622
24,641
5,206
2024
£
7,621
2,502
4,554
83
14,760
2024
£
335,743
28
335,771
2024
£
4,666
454
5,707
-
10,827
2024
£
26,445
26,445
Fixtures
and Fittings		 Total
£
535,384
86,687
622,071
113,341
22,266
135,607
486,464
422,043
2023
£
18,109
2,125
7,333
10,123
37,690
2023
£
189,835
58
189,893
2023
£
4,666
466
6,429
765
12,326
2023
£
31,111
31,111

14 Security over assets

The Council of the City of Wakefield have a charge in place on Queens Mill dated 9 March 2023 in relation to the grant funding for the improvements to Queens Mill over the period from 9th March 2023 to 31 December 2025.

18

Castleford Heritage Trust

Notes to the accounts continued

for the year ended 31 March 2024

15 Deferred income
Sales invoices
Item name
Reason for deferral
Sales invoices
April 2023 activities invoiced in March 2023		 Deferred to
next year
£
-
-		 Released
from last
year
£
765
765

16 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 total employee benefits received by key management personnel were £15,451 (previous year: £13 506)

Other transactions with trustees or related parties
Sarah Bell
17 Operating leases
Within one year
In the second to fifth years inclusive
18 Funds held as agent
Balance b/f
Incoming
£
£
Castleford Town Centre Partnership
53
-
53
-
Fund name
Additional information
Castleford Town Centre Partnership
Expected future minimum lease payments over the remaining life of the
lease, analysed into the period in which the commitment falls due:
Daughter in law of a
trustee
Employed by the charity
Name of trustee
or related party
Relationship to
charity
Description of transaction
For Castleford in Bloom		 2024
£
6,437
6,437
2024
£
324
-
324
Outgoing
£
-
-		 2023
£
2,440
2,440
2023
£
432
324
756
Balance c/f
£
53
53

19

Castleford Heritage Trust

Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2024

2024
2023
Unrestricted Unrestricted
funds
funds
£
£
Income
Donations and legacies
15,112
13,268
Charitable activities
6,761
9,634
Other trading activities
96,945
89,731
Other
1,794
55
Total income
120,612
112,688
Expenditure
Raising funds
-
-
Charitable activities
141,464
141,427
Total expenditure
141,464
141,427
Net income / (expenditure)
(20,852)
(28,739)
Transfers between funds
81,964
(504)
Net movement in funds
61,112
(29,243)
Fund balances brought forward
431,038
460,281
Fund balances carried forward
492,150
431,038		 2024
Restricted
funds
£
426,162
-
752
-
426,914
-
212,528
212,528
214,386
(81,964)
132,422
175,151
307,573		 2023
Restricted
funds
£
157,511
-
-
-
157,511
208
54,305
54,513
102,998
504
103,502
71,649
175,151		 2024
Total
funds
£
441,274
6,761
97,697
1,794
547,526
-
353,992
353,992
193,534
-
193,534
606,189
799,723		 2023
Total
funds
£
170,779
9,634
89,731
55
270,199
208
195,732
195,940
74,259
-
74,259
531,930
606,189

20