WAKEFIELD TRINITY COMMUNITY TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 COMPANY NUMBER 05899518 (ENGLAND & WALES)
WAKEFIELD TRINITY COMMUNITY TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 CONTENTS Page Officers and professional advls&rs The Trustees, report ststement of financial activities (Incorporating income and expendlture account) and statement of total recognlsed galns and losses Balance sheet Notes to the flnanclal statements Independent Examine¢s report to the members
WAKEFIELD TRINITY COMMUNITY TRUST OFFICERS AND PROFESSIONAL ADVISERS Reference and Admlnlstratlve Informatlon Company registration number 5899518 Charity registration number 1119077 Registered office Belle Vue Doncaster Road Wakefield WF15EY Operatlonal address Belle Vue Doncaster Road Wakefield WF15EY Trustees Denlse Teal David Castle Eric Tlmmins Accountants C W Dix Limited Accountants & Buslness Advisors 4 Silkwood Court Wakefield WF5 9TP
WAKEFIELD TRINITY COMMUNITY TRUST THE TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The trustees, who are also directors of the charity for the purposes of the Companies Act, have pleasure in presenting their report and financial statements of the company for the year ended 31 August 2024. GOVERNING DOCUMENT Wakefield Trinity Community Trust is a company limited by guarantee governed by its Memorandum and Articles of Association dated 8th August 2006 and operates as Wakefiedl Trinity Community Foundation. It is registered as a charity with the Charity Commission. The company currently has five trustees. RECRUITMENT AND APPOINTMENT OF TRUSTEE BOARD The Company may from tim& to time by ordinary resoludon increase or decrease the number of trustees on the Board. Any member of the Board so appointed shall hold office only until the next following annual general meeting and shall be then eligible for reappointment. TRUSTEES INDUCTION AND TRAINING Each new trustee is given educational booklets.. "Directors & Secretaries guide" booklet GBA1 issued by Companies House educates trustees on the legal duties and responsibilities of Ihe company director under company law. "Charities & Fund raising" booklet CC20 issued by Charities Commission ensures trustees are aware of the legal duties and responsibilities under Charity law, ORGANISATIONAL STRUCTURE The Company currently has a Board of Trustees consisting of three members who set Company policy. In addition nominated persons implement Company policy on a day to day basls. The Trust has recently appointed a number of new trustees who along with existing irustees are already cornmiting considerable time, effort and skill to the g0veMan of the organisation. RISK MANAGEMENT The Tmstees have a rlsk management strategy which comprises of an annual review of tha risks the Charity may face. OBJECTIVES AND ACTIVITIES Wakefield Trinity Community Foundation is the charitable arm of Super League's Wakefield Trinity Over the last 16 years, we have pledged our tlme and dedication to use the power of the Rugby League and physical activity to inspire our community. creats'ng lasting legacies for people within it. Wakefield Trinity has played an inlegral part in the life of the people of Wakefield and surrounding cornmunities since its formation in 1873. Sport has a unique ability to raise the spirits and unite different ages, gender, ethnicities and social economi¢ groups in a shared passion. The engagem&nt potential of Sport and of Wakefield Trinity provides opportunitles wlthin our communty to deliver posib've outcomes to people of all ages. The work of the charitable trust is focused around four key areas, namely Rugby League, Education, Youth Engagement and Heritage & Community Projects. The work of the trust occurs across the Wakefield Dlstrict and beyond focusing on all age ranges from 4 years old to 85 years old.
WAKEFIELD TRINITY COMMUNITY TRUST THE TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 FINANCIAL REVIEW The trading results for the year, and the Trust's financial position at the end of the year ar8 shown n the attached tinancial statements. The challénge to the Trust is to build the financial position and genepte both restrlcted and unrestricted funds from as many sources as possible to deliver greater impact within the community. TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS Company law requires the Trustee Board to prepare financial statements for each financial year which give a true and fair view of the stsle of affairs of the ch8ritable company as at the balance sheet date and of its Incoming resources and application of resources, including Income and expenditure, for the financial year. In preparing those financial ststements, the trustee board should follow best practice and.. Select suitable accounting policies and then apply them consistently,. - Make judgements and estimates that are reasonable and prudent., and Prepare the financial statements on the going concern basls unless it is inappropriate to assume that the company will continue on that b8SIS. The Trustee Board Is responsible for maintaining proper 8ccounting records whlch dlsclose wrth reasonable accuracy at any tlme the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustee Board is also responsible for safeguarding the assets of the charitable company and h6n¢e for taking reasonable steps for the prevention and detectlon of fraud and other irregularities. MEMBERS OF THE TRUSTEE BOARD Members of the Trustee Board, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are set oul on page 1. Reglstered office: Belle Vue Doncaster Road Wakefield WF15EY Approved by the trustees on SAgned by order of e Trustees 2025
WAKEFIELD TRINITY COMMUNITY TRUST STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2024 Note Unrestricted Restrlct•d Total Funds Total Funds Funds Fund8 2024 2023 INCOMING RESOURCES Grants Donations & fund raising Sponsorship 223,175 223,175 223,662 1,500 277,240 189,458 11.478 223,662 1,500 TOTAL INCOMING RESOURCES 225,162 223,175 448,337 478,176 CHARITABLE EXPENDITURE Trading cost of goods sold Cost of charitsble activities Governance costs 135,014 3.334 323,651 458,665 3,334 486,184 TOTAL RESOURCES EXPENDED 138,348 323,651 461,999 486,256 NET INCOMING (OUTGOING) RESOURCES FOR THE YEAR BEFORE TRANSFERS 86,814 {100,476) (13,862) (8,080) TRANSFERS BETWEEN FUNDS (100,476) 100,476 NET MOVEMENT IN FUNDS FOR THE YEAR 113,662) (13,662) (8,080) Balance brought forward at 1 September 2023 98,807 98,807 106,887 Balance carried foThvard at 31 August 2024 85,145 85,145 98,807
WAKEFIELD TRINITY COMMUNITY TRUST BALANCE SHEET AS AT 31 AUGUST 2024 2024 2023 Nots Flxed a8$0t8 T8nglble assets 12,664 14,244 Current a88Ot8 Cash at bank and In hand 115,016 84,862 115,016 84,862 Credltor8: Amounts falllng due wlthin one year 42,535 299 Net current assets 72,481 84,563 Total assets less current Ilabllitlos 85,145 98,807 Fund8 of the eharlty Unrestricted funds Restricted funds 85,145 98,807 85,145 98,807 The Trustee$ consider that the company 15 enlilled to exemptlon from the requirement to have an audlt under the provisions of section 477{1) of the Companies Act 2006. Members have not qUired the company, under section 476 of the Companies Act 2006, to obtain an audlt for the year ended 31 August 2024. Trustees acknowledge their responsibilities for ensurlng that the company keeps accounting records which comply with sectlons 386 and 387of the Companies Act 2006 and for preparlng accounts which give a true and fair vlew of the state of affairs of the company as at 31 August 2024 and of Its surplus for the year then ended in accordance with the requirements of section 396 and which othevwise comply with the requirements of the Act r81ating to the accounts so far as applicable to the company, The financial statements which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companles Act 2006 were approved by the board on 11(31 and are signed on its behalf. Trustee The notes on pages 6 to 8 form part of Ihese financial statements.
WAKEFIELD TRINITY COMMUNITY TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 1. ACCOUNTING POLICIES The financial statements have been prepared under the historical cost oonventlon, and In accordance with the Statement of Recommended Practlce (SORP) Accounting and Reporting by Charities, published In October 2005, applicable accounllng standards and the Companies Act 2006, and in accordance wlth the Financial Reporting Standard for Smaller Entlties ( effective April 2008). The prlnclpal accounllng policies adopted in the preparatlon of the financial statements are as follows: Grants recelvabla Grants receivable are credited to the Statement of Financial Activities in the year to which they rélate. Donatlon8 Donations are Included in the statement of financlal activities in the year in which they are received. Interèst recelvable Interest re1vable is included in the Ststement of Flnancial Actlvltbs in the year in which it is receivable. Resources expended Resources expended are included In the Statement of Financial Activitles on an accruals basis. Inclusive of any VAT which cannot be recovered. Other tanglble flxed assets Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their estimated useful lives on the following bases- Plant & equlpment 150kn per annum reducing balance basls Fund accounting Funds held by the charity are either.. Unfestricted Income: these are funds which can be used In accordanco with the charitable objectives at the dlscretion of the trustees. Restricted income.. these are funds that can only be used for particular restricted purposes wlthln the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Once these restrictions have been met the remaining balance is transferred to Ihe general fund. 2. TURNOVER The turnover and surplus is attributable to the one princlpal activity of the company. The turnover was all in the United Kingdom. 3. GRANTS Unrestrlcted Restrictèd Total Funds Total Funds Funds Funds 2024 2023 Grants recelved 223,175 223.175 277,240
WAKEFIELD TRINITY COMMUNITY TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 4. COSTS OF CHARITABLE ACTIVITIES Unre8trlcted Restricted Total Fund8 Total Funds Funds Funds 2024 2023 Payroll costs NCS Programma HAF Speciallst Funding servIs Wakefield Trlnity Ladies Rugby League LUFC Foundatlon Inclusion Rugby League Facilities rental Course fees & training Travel Costs Facility hire Promotions and advertising Printing, postage, stationery & telephones Insurance Donations - other charities Equipment Dance and Dance Equipment Subscriptions Miscellaneous Depreciation 260,651 260,651 367,334 3,586 1.610 808 20,550 12,935 39,016 12,759 808 20,550 12,935 39,016 12,759 63,000 1,540 3,463 1,020 1,483 1,739 538 2,668 1,945 25,347 216 7,407 1.580 8,884 17,933 2,785 60,000 760 6,302 1,058 63,000 1,540 3,463 1,020 1,483 1,739 538 2,668 1,945 25,347 216 7,407 1,580 1,537 1,390 8,077 216 5,109 1,583 135,014 323,651 458,665 486,164 S. GOVERNANCE COSTS Unrestrlcted R•strlcted Total Funds Total Funds Funds Fund8 2024 2023 Recruitment costs Bank charges 3,241 93 3,241 93 3,334 3,334 92 6. TAXATION The company is a registered charity and is not liable to corporation tax.
WAKEFIELD TRINITY COMMUNITY TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 7. TANGIBLE FIXED ASSETS Plant & Equipment Total COST At 1 September 2023 Additions 38,066 38,066 At 31 August 2024 38,066 38,066 DEPRECIATION At 1 September 2023 Charge for period 23.822 1.580 23,822 1,580 At 31 August 2024 25,402 25,402 NET BOOK VALUE At 31 August 2024 12,664 12,664 At 31 Augusl 2023 14,244 14,244 8. CREDITORS: Amounts falllng du8 Withln one year 2024 2023 Accruals & deferred Income 42.535 42,535 299
WAKEFIELD TRINITY COMMUNITY TRUST INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES ON THE FINANCIAL STATEMENTS OF WAKEFIELD TRINITY COMMUNITY TRUST We report on the accounts of Wakefield Trlnity Community Trust for the year ended 31 August 2024 Respectlve responslbllttles of Irustses and •xamlngr The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under sections 144 and 145 of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed. It is our responsibility to: examine the accounts (under section 145(3) of the 2011 Act)" to follow the prOdreS laid down in the General Directions given by the Charity Commisslon (under section 145(5} of the 2011 Act; and to stale whether particular matters have com@ to our attentton. Basls of independent examlner's report Our examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees Conrning any such matters. The procedures undertaken do not provide all the eviden that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts. Independent examiner's slatsment In connection wlth our examination, no matter has come to our attention.. (1) which gives us reasonable cause to believe that in, any material respect, the requirements: to keep accounting records in accordance with section 130 and 131 of the 2011 Act; and to prepare accounts which accord with the accounting records and compw with the accounting requirements of the 2011 Act have not been met; or (2 to which, in our opinion, attention should be drawn in order to enable a proper understsnding of the acc nts to be reache C W Dix Limi Accountants & Business Advlsors 4 Silkwood Court Wakefield WF5 9TP