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← Community Foundation For Wakefield

2025-03-31-accounts

REGISTERED COMPANY NUMBER: 06236043 (England and Wales) REGISTERED CHARITY NUMBER: 1121884

Community Foundation for Wakefield

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2025

Sanders Geeson Limited t/a Sanders Partnership Chartered Accountants 19 King Street The Civic Quarter Wakefield West Yorkshire WF1 2SQ

Community Foundation for Wakefield

Contents of the Financial Statements for the Year Ended 31 March 2025

Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9 to 10
Notes to the Financial Statements 11 to 21
Detailed Statement of Financial Activities 22 to 23

Community Foundation for Wakefield

Report of the Trustees for the Year Ended 31 March 2025

The Trustees present their report together with the financial statements for the year ended 31 March 2025.

OBJECTIVES AND ACTIVITIES

The Community Foundation for Wakefield District is dedicated to helping individuals, families and communities of the District through gifts and donations received from individuals, companies, trusts, public bodies, and other organisations. We work with philanthropists, businesses, and others to contribute into our Endowment Fund to achieve their charitable objectives. Through our Endowment Fund we support local voluntary groups to secure funding / grants for their work. We promote and celebrate Unsung Heroes who have made a major contribution to their community.

Objects for which the Charity was established

The promotion of any charitable purposes for the benefit of communities within the Wakefield Metropolitan District and in particular:

Other exclusively charitable purposes in the United Kingdom and elsewhere which are in the opinion of the Trustees beneficial to the community including those in the area of benefit.

Objectives and aims

Times, circumstances, environment and landscape change at an ever-increasing pace and so the Foundation needs to review its Vision, Mission and Values on a regular basis.

We have continued to review our current activities ensuring we remain relevant to the changing landscape of the area continuing to meet the needs of individuals, families and communities of the Wakefield District. We continue to be guided by our vision, mission and values detailed below;

Our Vision - to build strong and sustainable communities within the Wakefield District that and provide a caring and safe environment

Our Mission - to continue to develop the Foundation as a means of bringing donors and communities together.

Our Values - the Foundation strives to achieve the following core values in everything we do:

Strategic objectives

  1. Give Box development and expansion in both sales and indirect benefits

  2. Diversification of income streams, including grants, events, membership, lottery, etc.

  3. Maximise grassroot opportunities

  4. Relationship building with community groups, the third sector organisations, private companies, through effective communications and marketing

  5. Operate, economically, efficiently, and effectively, ensuring ongoing sustainability.

We have continued to work from our resourced 2 Year Action Plan as detailed in last year report, but added the focus on developing existing and new income streams to ensure we can continue to provide the level of support to our communities. This includes developing a friend of the foundation scheme and more community fundraising at events around the district. We have also started to explore online sales via Ebay as an additional income stream.

We are also exploring purchasing a van and additional warehouse storage to enable us to cope with increasing demand for our help.

ACHIEVEMENTS AND PERFORMANCE

The Give Box (similar to a Charity Shop but much more) is located in Trinity Walk, Wakefield's newest Shopping Centre and is our main source of finance. Although we have limited resources for grant giving, through the Give Box, we are able to continue meeting the needs of individuals and groups at grassroots level. We provide an enormous amount in terms of social benefit to those who have nowhere else to turn, repurposing donations, redistributing goods, which in financial terms equates to over £200,000 for the whole year, following on from £250,000 the previous year. For examples refer to our website www.wakefieldcf.org.uk

Page 1

Community Foundation for Wakefield

Report of the Trustees for the Year Ended 31 March 2025

ACHIEVEMENTS AND PERFORMANCE – continued Grant Funds:

Unsung Heroes Annual Awards Ceremony: This event isn't just an awards ceremony; it's a celebration of the incredible individuals in the Wakefield District who go above and beyond without expecting anything in return. All shortlisted heroes are honoured for their contributions, receiving certificates and trophies, along with complimentary tickets to the evening, ensuring everyone can enjoy the celebration of their efforts. What makes this night even more special are the awards: the People's Choice Award, where the public's vote determines the winner, Team of the Year Award, for the group in the District that's making the greatest impact, and the Overall Winner Award, which recognises exceptional dedication.

Other agencies / charities / groups we support and work with

Page 2

Community Foundation for Wakefield

Report of the Trustees for the Year Ended 31 March 2025

ACHIEVEMENTS AND PERFORMANCE – continued

o Well Project Shop Normanton o Wakefield Pride o The Recycle Yard o CAP o Kidz Aware o Bag Fairies o Uniform Bank

FINANCIAL REVIEW

Funding

Funding of core costs is generated through four key strands:

Financial statements

The financial statements have been prepared in accordance with the Companies Act 2006 and comply with the Statement of Recommended Practice on Accounting by Charities. The financial results for the Foundation are shown in the annexed financial statements.

Reserves Policy

The reserves of the Foundation are composed of unrestricted, restricted and endowment funds. These funds are maintained at a sufficient level in order to allow the smooth operation of activities.

Unrestricted Reserves: The Trustees are committed to maintaining general reserves to ensure that core activities of the Foundation will continue into the future. The trustees consider that the minimum level of reserves required to meet our legal commitments if the Foundation ceased to operate and provide funds to cover unforeseen expenditure or an unexpected loss of income is £35,000. At 31 March 2025 the balance of unrestricted funds totalled £39,584 (2024: £49,174).

Restricted Reserves: The composition and movement in restricted reserves is shown in the financial statements. The restricted funds are held in the form of cash in bank accounts. The current level of restricted funds, and the ongoing funding arrangements relating to those funds, is sufficient to maintain the specific projects to which they relate. At 31 March 2025 the balance of restricted funds totalled £69,874 (2024: £94,994).

Endowment Fund: The Endowment Fund is a permanent capital fund, maintained in investments. The movement in the fund is shown in the financial statements. At 31 March 2025 the balance of endowment funds totalled £477,429 (2024: £481,127).

Investments

The trustees regularly review investments and investment policy, which are subject to professional management. The investment policy is to protect capital but maintain income of about 3.5% pa. This policy remains unchanged following the upheavals in the financial markets in the last and current financial year.

The management charge is 0.7% of the value of the funds invested.

Commitments

The trustees had made no commitments to future capital purchases, nor given any guarantees, at the balance sheet date.

Post Balance Sheet Events

The trustees are not aware of any events after the balance sheet date that have any material effect on the position presented in these financial statements.

Page 3

Community Foundation for Wakefield

Report of the Trustees for the Year Ended 31 March 2025

PLANS FOR FUTURE PERIODS

Wakefield District Community Foundation has been active for eighteen years. During this time, it has distributed over £2 million in grants to 3,000 beneficiaries, and in so doing has helped over 34,500 people. It has also provided over £450,000 in social benefit in the last 2 years.

As mentioned above due to the changing circumstances the Foundation is migrating from grant giving to more of a grassroots-based organisation, meeting individuals, families and communities needs, as a result of the cost of living crisis, high fuel costs, etc. This will be achieved through the Give Box development and expansion, diversification of income streams, maximising grassroot opportunities and connections, building relationships with charities and corporate partners. This includes our new relationship with a large online retailer who donate stock for us to redistribute. We plan to make greater use of social media and effective marketing including new platforms such as Tik Tok.

One recent initiative which the Foundation has been working on is how we can assist in addressing 'Bed Poverty'. Wakefield District is a 'hot spot' for childhood poverty i.e. children who do not have a bed to sleep in (statistics from Census, End Child Poverty Coalition and Barnardos' 'No crib for a Bed' report, indicate there are 6000 children in Wakefield District that do not have a bed). The implications are wide ranging as children who do not get a good night's sleep are not in the best situation to be engaged or learn at school. They can be perceived as lacking attention, not engaged, naughty, resulting in segregation, detention and then exclusion, etc.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Company was incorporated on 3rd May 2007, is constituted as a Company Limited by Guarantee and has Charitable Status. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £1. The governing instrument is the Memorandum & Articles of Association.

Appointment of Trustees

The Trustees are initially appointed by the Board and their appointment ratified at the next Annual General Meeting of the company's members.

Currently there are eight Trustees who are appointed for their professional, business or community experience in line with the Trust's need to ensure that it has all relevant expertise consistent with its principal role(s).

Trustees are appointed for a period of 3 years, after which they must stand for re-election, except that no trustee shall generally be eligible for re-election after completing three consecutive terms of office. The Articles provide for a minimum of three trustees and there is no maximum.

The Foundation has a relatively new Board of Trustees due to retirement of number of long serving Trustees. The current Trustees have a desire and commitment to see the Foundation have a greater impact and are fully involved and supportive. Their skills and experience complement one another and a skills based assessment is used when recruiting new Trustees to ensure any gaps are filled.

The Chairman is Richard Hodgson and Sir Rodney Walker is the Foundation's Honorary President, recognising his unique contribution to the support for the businesses and communities of Wakefield District.

Three new Trustees joined the Foundation during the period from April 2024. We are grateful to them all for their commitment and energy and are looking forward to working closely with our new appointments.

Organisation and Structure

Day to day management of the Trust's business is vested in the Executive Director (who is also Secretary to the Trustees) who reports to quarterly meetings of the Board.

The Executive Director is supported by the Trustees, Social Media Assistant, Senior Retail Manager, two Retail Managers, Executive Assistant and volunteers.

The Role of Volunteers

The Foundation is constantly seeking more support for its work across the District and in the Give Box.

Grant Making Policy

The basic criteria that apply to all open grant programmes are that groups must be based within the Wakefield Metropolitan District or, if based outside the area, must use the grants for the benefit of communities within the district. Unless otherwise stated, all funding streams are open to "not-for-profit" organisations whether formally incorporated or not. Potential recipients do not need to be a registered charity, as long as they have charitable aims and a structure in place to demonstrate that it is properly run.

Page 4

Community Foundation for Wakefield

Report of the Trustees for the Year Ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT - continued

Appropriate due diligence is always carried out as part of the assessment process. In order to ensure that grants awarded are used effectively, all recipients are required to submit monitoring and evaluation forms, and random inspection visits are arranged. The Foundation has recently adopted the "Principles of Grant Reporting" as recommended by IVAR, the Institute for Voluntary Action Research.

RISK MANAGEMENT

The Foundation has produced a detailed Risk Management Policy. With significant operational changes continuing to take place, the policy is reviewed on an annual basis.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

06236043 (England and Wales)

Registered Charity number 1121884

Registered office

13 Upper York Street Wakefield West Yorkshire WF1 3LQ

Trustees

Richard Hodgson (Chair) Marie Szczepanski Louise Pearson (resigned April 2024) Simon Cowling (resigned April 2024) Natalie Glover Jenna Fan Charlotte Stone (resigned June 2024) Jonathan Scott Anna Arulampalam-tanna (appointed December 2024) Darren Byford (appointed December 2024) Cheryl Kidd (appointed December 2024)

President

Sir Rodney Walker

Executive Director & Company Secretary Lisa Milburn

Independent Examiner Alan Dodd FCCA West Yorkshire Community Accountancy Service CIO Stringer House 34 Lupton Street Leeds West Yorkshire LS10 2QW

Bankers

Virgin Money (formerly Yorkshire Bank plc) 6-10 Northgate Wakefield West Yorkshire WF1 1TA

Page 5

Community Foundation for Wakefield

Report of the Trustees for the Year Ended 31 March 2025

REFERENCE AND ADMINISTRATIVE DETAILS – continued

Solicitors

Chadwick Lawrence LLP Paragon Business Village Red Hall Crescent Wakefield WF1 2DF

Investment Managers

Rathbone Investment Management Port of Liverpool Building Pier Head Liverpool L3 1NW

Approved by order of the board of trustees on 22[nd] January 2026 and signed on its behalf by:

.............................................................................. Mr R Hodgson - Chair of Trustees

Page 6

Independent Examiner's Report to the Trustees of Community Foundation for Wakefield

Independent examiner's report to the trustees of Community Foundation for Wakefield ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the 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 Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  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.

Alan Dodd, FCCA

West Yorkshire Community Accountancy Service CIO Stringer House 34 Lupton Street Leeds West Yorkshire LS10 2QW

Date: 27[th] January 2026

Page 7

Community Foundation for Wakefield

Statement of Financial Activities for the Year Ended 31 March 2025

Unrestricted
Restricted
Endowment
fund
funds
funds
Notes
£
£
£
INCOME AND ENDOWMENTS
FROM
Donations and legacies
2
23,783
25,105
-
Other trading activities
3
129,311
-
-
Investment income
4
-
-
14,278
Total
153,094
25,105
14,278
EXPENDITURE ON
Raising funds
Raising donations and legacies
5
110,338
927
4,055
Other trading activities 6
52,346
-
-
162,684
927
4,055
Charitable activities
7
Grassroots Endowment
-
-
7,152
Fuel Poverty
-
20,876
-
Wakefield Fund
-
-
-
Haribo Happiness Together
-
7,669
-
Prosper Fund
-
-
-
Care Packages
-
6,536
-
Bed Poverty
-
20,000
-
Workshops (WMDC)
-
344
-
Total
162,684
56,352
11,207
Net gains/(losses) on investments
-
-
(642)
NET INCOME/(EXPENDITURE)
(9,590)
(31,247)
2,429
Transfers between funds
18
-
6,127
(6,127)
Net movement in funds
(9,590)
(25,120)
(3,698)
RECONCILIATION OF FUNDS
Total funds brought forward
49,174
94,994
481,127
TOTAL FUNDS CARRIED FORWARD
39,584
69,874
477,429		 2025
Total
funds
£
48,888
129,311
14,278
192,477
115,320
52,346
167,666
7,152
20,876
-
7,669
-
6,536
20,000
344
230,243
(642)
(38,408)
-
(38,408)
625,295
586,887		 2024
Total
funds
£
85,850
118,281
11,868
215,999
102,748
35,511
138,259
6,901
27,750
6,055
53,705
300
2,444
-
-
235,414
33,697
14,282
-
14,282
611,013
625,295

The notes form part of these financial statements

Page 8

Community Foundation for Wakefield

Balance Sheet 31 March 2025

Notes
FIXED ASSETS
Tangible assets
13
Investments
14
CURRENT ASSETS
Debtors
15
Cash at bank and in hand
CREDITORS
Amounts falling due within one year 16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
18
Unrestricted funds
Restricted funds
Endowment funds
TOTAL FUNDS		 Unrestricted
fund
£
-
-
-
6,208
43,047
49,255
(9,671)
39,584
39,584
39,584		 Restricted
funds
£
-
-
-
-
69,901
69,901
(27)
69,874
69,874
69,874		 Endowment
funds
£
-
477,171
477,171
-
258
258
-
258
477,429
477,429		 2025
Total
funds
£
-
477,171
477,171
6,208
113,206
119,414
(9,698)
109,716
586,887
586,887
39,584
69,874
477,429
586,887		 2024
Total
funds
£
546
480,869
481,415
2,439
156,071
158,510
(14,630)
143,880
625,295
625,295
49,174
94,994
481,127
625,295

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 9

Community Foundation for Wakefield

Balance Sheet - continued 31 March 2025

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 22[nd] January 2026 and were signed on its behalf by:

............................................. Mr R Hodgson - Trustee

............................................. Mrs M Szczepanski - Trustee

The notes form part of these financial statements

Page 10

Community Foundation for Wakefield

Notes to the Financial Statements for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The presentational currency for the charitable company is the pound sterling (£). All financial information has been presented to the nearest (£), unless otherwise stated.

Going concern

The cost of living crisis and high inflation, following on from the Coronavirus pandemic, have significantly disrupted individuals' personal lives and businesses' economic prospects in the UK and across the globe. Despite the increased difficulties in the economy we have focused on our strengths for generating income to support the needs of the district. We have continued to prepare the accounts on a going concern basis and deem this appropriate given our ongoing reviews of our forecast and available funds. We do not consider that a material uncertainty about our going concern status currently exists in view of our financial resources compared with our financial obligations. In making this assessment we have considered the likely trading conditions for a period of twelve months from the date of our approval of these accounts.

Government grants

Government Grants received from Wakefield Metropolitan District Council (WMDC) for the provision of workshops are recognised in income in the period in which the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

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.

Donated goods for resale are recognised once the charity has control over the item, any conditions associated with the donated items have been met, the receipt of economic benefit from the use of the item is probable and that economic benefit can be measured reliably through the sale in the shop as the Charity considers it impractical to estimate the fair value on receipt of the goods due to the high volume and low value nature of the products.

Donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Raising funds

Costs of generating funds are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of the charitable activity of awarding grants and project development.

Governance costs

Governance costs represent those incurred in connection with compliance with constitutional and statutory requirements.

continued...

Page 11

Community Foundation for Wakefield

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES - continued

Tangible fixed assets

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of the assets over their expected useful lives on a straight line basis, as follows:-

Computer Equipment 33%

All fixed assets are initially recorded at cost.

Taxation

The charity is exempt from corporation tax on its charitable activities by virtue of section 505 of the Income and Corporation Taxes Act 1988. The charitable company is not VAT registered and therefore does not recover any attributable value added tax.

Fund accounting

Monies earmarked by donors or by the terms of an appeal for particular projects are accounted for separately, as a Restricted Fund. The notes to the accounts show the movements and balances on any such restricted funds. Unrestricted funds may be spent on any legitimate charitable aim as laid down in the Foundation’s Memorandum of Association.

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.

Stock

The Charities SORP (FRS 102) states that donated goods for resale must be recognised at fair value ‘where practicable’. The Charity considers it impractical to estimate the fair value of goods donated for sale in the Foundation’s shop due to the high volume and low value of these items. The value of these goods to the charity is instead recognised when they are sold in the shop.

Operating lease commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease

Fixed asset investments

Investments are stated at fair value as at the balance sheet date. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.

2. DONATIONS AND LEGACIES

Donations
Gift aid
Grants
Grants received, included in the above, are as follows:
Wakefield Council
Other grants		 2025
£
28,118
-
20,770
48,888
2025
£
670
20,100
20,770		 2024
£
30,986
814
54,050
85,850
2024
£
-
54,050
54,050

During the current year £670 of the grant income received was in the form of Government grants from Wakefield Metropolitan District Council for the provision of workshops, during the prior year £nil of the grant income received was in the form of Government grants. There were no unfulfilled conditions and other contingencies attaching to grants at 31st March 2025.

continued...

Page 12

Community Foundation for Wakefield

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

3. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
Shop income
Management fees and service charges
Support Club Membership
Event sponsorship
Other income		 2025
£
88,578
12,925
300
27,358
150
129,311		 2024
£
84,422
10,606
300
22,953
-
118,281

4.

INVESTMENT INCOME

Interest receivable on fixed asset investments
Dividend income
Property income distribution dividend
RAISING DONATIONS AND LEGACIES
Staff costs
Rent, rates and utilities
Insurance
Postage and stationery
Sundries
Advertising
Travel
Website hosting
Professional fees
Training & networking fees
Room hire and event costs
Accountancy
Subscriptions
Bank charges
Investment management costs
Depreciation
Support costs		 2025
£
4,511
8,932
835
14,278
2025
£
57,739
2,697
1,637
359
198
9,369
596
5,696
4,459
667
21,858
3,398
566
-
4,055
546
1,480
115,320		 2024
£
3,181
8,139
548
11,868
2024
£
26,811
3,471
1,304
439
1,157
6,535
1,415
3,858
27,898
687
17,267
2,858
415
12
3,801
1,160
3,660
102,748

5. RAISING DONATIONS AND LEGACIES

continued...

Page 13

Community Foundation for Wakefield

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

6. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
Purchases
Staff costs
Card machine charges
Marketing
Rent, rates and utilities
Repairs
Sundry expenses		 2025
£
451
42,070
1,416
1,164
5,138
720
1,387
52,346		 2024
£
105
28,156
1,181
25
5,274
627
143
35,511

7. CHARITABLE ACTIVITIES COSTS

Grassroots Endowment
Fuel Poverty
Haribo Happiness Together
Care Packages
Bed Poverty
Workshops (WMDC)
GRANTS PAYABLE
Grassroots Endowment
Fuel Poverty
Wakefield Fund
Haribo Happiness Together
Prosper Fund
Care Packages
Bed Poverty
Workshops (WMDC)
The total grants paid to institutions during the year was as follows:
The Well Project
Featherstone Rovers Foundation
Wakefield Council Fuel Poverty
Management Fee - Surviving Winter Fund
Tigers Trust
Management Fee - Endowment Fund
Trinity Mission
Haribo Happiness Together Management Charge
Go Pop CIC
Speak With It
Blossom Training
Empath Action CIC
Open Country		 Grant
funding of
activities
Direct
(see note
Costs
8)
Totals
£
£
£
-
7,152
7,152
-
20,876
20,876
-
7,669
7,669
5,786
750
6,536
-
20,000
20,000
-
344
344
5,786
56,791
62,577
2025
2024
£
£
7,152
6,901
20,876
27,750
-
6,055
7,669
53,705
-
300
750
-
20,000
-
344
-
56,791
94,711
2025
2024
£
£
-
200
-
5,000
18,878
25,000
1,998
2,750
-
4,995
7,152
6,901
-
1,000
2,682
-
-
4,997
-
4,892
-
4,925
-
4,920
-
4,965		 Grant
funding of
activities
Direct
(see note
Costs
8)
Totals
£
£
£
-
7,152
7,152
-
20,876
20,876
-
7,669
7,669
5,786
750
6,536
-
20,000
20,000
-
344
344
5,786
56,791
62,577
2025
2024
£
£
7,152
6,901
20,876
27,750
-
6,055
7,669
53,705
-
300
750
-
20,000
-
344
-
56,791
94,711
2025
2024
£
£
-
200
-
5,000
18,878
25,000
1,998
2,750
-
4,995
7,152
6,901
-
1,000
2,682
-
-
4,997
-
4,892
-
4,925
-
4,920
-
4,965
62,577
2024
£
6,901
27,750
6,055
53,705
300
-
-
-
94,711
2024
£
200
5,000
25,000
2,750
4,995
6,901
1,000
-
4,997
4,892
4,925
4,920
4,965

8. GRANTS PAYABLE

continued...

Page 14

Community Foundation for Wakefield

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

8. GRANTS PAYABLE - continued

The Creative Art House
Senior Citizens
Leeds United Foundation
Canal & River Trust
Management Fee - Wakefield Fund
Havercroft & Ryhill Community Learning
Smawthorne Community Church
Wakefield Street Kitchen
Wrenthorpe Assist
Airedale Foodbank
Management Fee - Prosper Fund
Prosper Wakefield District
Lifelong Learning Workshop - Management Fee		 4,987
-
-
-
-
-
-
-
-
-
750
20,000
344
56,791		 4,987
4,085
4,939
5,000
655
200
1,000
1,000
1,000
1,000
300
-
-
94,711

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):
2025 2024
£ £
Depreciation - owned assets 546 1,160

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

11. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Shop
Office		 2025
£
96,424
1,762
1,623
99,809
2025
5
2
7		 2024
£
54,242
-
725
54,967
2024
4
1
5

No employees received emoluments in excess of £60,000.

The total employee benefits received by key management personnel were £51,118 (2024: £29,178).

Contributions to the defined contribution pension scheme during the year were £1,623 (2024: £725). At the balance sheet date outstanding contributions were £388 (2024: £326).

continued...

Page 15

Community Foundation for Wakefield

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted Unrestricted Restricted Restricted Endowment Endowment Total
fund funds funds funds
£ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 28,531 57,319 - 85,850
Other trading activities 118,281 - - 118,281
Investment income - - 11,868 11,868
Total 146,812 57,319 11,868 215,999
EXPENDITURE ON
Raising funds
Raising donations and legacies 98,947 - 3,801 102,748
Other trading activities 35,511 - - 35,511
134,458 - 3,801 138,259
Charitable activities
Grassroots Endowment - - 6,901 6,901
Fuel Poverty - 27,750 - 27,750
Wakefield Fund - 6,055 - 6,055
Haribo Happiness Together - 53,705 - 53,705
Prosper Fund - 300 - 300
Care Packages - 2,444 - 2,444
Total 134,458 90,254 10,702 235,414
Net gains on investments - - 33,697 33,697
NET INCOME/(EXPENDITURE) 12,354 (32,935) 34,863 14,282
Transfers between funds - 5,058 (5,058) -
Net movement in funds 12,354 (27,877) 29,805 14,282
RECONCILIATION OF FUNDS
Total funds brought forward 36,820 122,871 451,322 611,013
TOTAL FUNDS CARRIED FORWARD 49,174 94,994 481,127 625,295
13. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 April 2024 and 31 March 2025 3,996
DEPRECIATION
At 1 April 2024 3,450
Charge for year 546
At 31 March 2025 3,996
NET BOOK VALUE
At 31 March 2025 -

continued...

Page 16

Community Foundation for Wakefield

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

13. TANGIBLE FIXED ASSETS – continued

At 31 March 2024
14.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 April 2024
Additions
Disposals
Revaluations
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
There were no investment assets outside the UK.
Rathbones Investment Management
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Gift aid tax recoverable
Prepayments and accrued income
16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
Other creditors
Accrued expenses and deferred income		 546
Listed
investments
£
480,869
14,278
(17,334)
(642)
477,171
477,171
480,869
2025
2024
£
£
477,171
480,869
477,171
480,869
2025
2024
£
£
5,838
-
150
150
220
2,289
6,208
2,439
2025
2024
£
£
5,809
2,700
388
1,657
3,501
10,273
9,698
14,630

During the prior year the Foundation received advanced income in connection with events scheduled for after the balance sheet date, this is recognised in deferred income until the Foundation is entitled to the income. There was no deferred income in the current year.

17. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year

2025 2024
£ £
277 86

continued...

Page 17

Community Foundation for Wakefield

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

18. MOVEMENT IN FUNDS

Net
movement
At 1.4.24
in funds
£
£
Unrestricted funds
General fund
49,174
(9,590)
Restricted funds
Fuel Poverty
19,565
(20,432)
Elderly Persons' Social Isolation Fund
23,803
-
Yorkshire Health Charity Fund
8,569
(10,000)
Sir Rodney Walker Fund
2,693
-
Women's Fund
14,113
(600)
Wakefield Fund
496
-
Haribo Happiness Together
19,949
(7,669)
Barratt Fund
1,108
(1,108)
Prosper Fund
28
2,741
Landsec Fund
2,420
(2,420)
Mazars Fund
750
-
Arnold Clark Fund
1,500
-
Bed Poverty Fund
-
7,741
WDH Fund
-
500
94,994
(31,247)
Endowment funds
Grass Roots
481,127
2,429
TOTAL FUNDS
625,295
(38,408)
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
153,094
(162,684)
Restricted funds
Fuel Poverty
444
(20,876)
Yorkshire Health Charity Fund
-
(10,000)
Women's Fund
-
(600)
Haribo Happiness Together
-
(7,669)
Barratt Fund
-
(1,108)
Prosper Fund
5,750
(3,009)
Landsec Fund
-
(2,420)
Bed Poverty Fund
17,741
(10,000)
WDH Fund
500
-
Lifelong Learning
670
(670)
25,105
(56,352)
Endowment funds
Grass Roots
14,278
(11,207)
TOTAL FUNDS
192,477
(230,243)		 Transfers
between
At
funds
31.3.25
£
£
-
39,584
867
-
-
23,803
2,880
1,449
368
3,061
1,440
14,953
-
496
(12,280)
-
-
-
-
2,769
-
-
-
750
-
1,500
12,852
20,593
-
500
6,127
69,874
(6,127)
477,429
-
586,887
Gains and
Movement
losses
in funds
£
£
-
(9,590)
-
(20,432)
-
(10,000)
-
(600)
-
(7,669)
-
(1,108)
-
2,741
-
(2,420)
-
7,741
-
500
-
-
-
(31,247)
(642)
2,429
(642)
(38,408)

continued...

Page 18

Community Foundation for Wakefield

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

18. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement
At 1.4.23
in funds
£
£
Unrestricted funds
General fund
36,820
12,354
Restricted funds
Fuel Poverty
27,358
(8,982)
Elderly Persons' Social Isolation Fund
23,803
-
Yorkshire Health Charity Fund
6,191
-
Sir Rodney Walker Fund
2,390
-
Women's Fund
12,925
-
Wakefield Fund
6,551
(6,055)
Haribo Happiness Together
43,653
(23,704)
Barratt Fund
-
1,108
Prosper Fund
-
28
Landsec Fund
-
2,420
Mazars Fund
-
750
Arnold Clark Fund
-
1,500
122,871
(32,935)
Endowment funds
Grass Roots
451,322
34,863
TOTAL FUNDS
611,013
14,282
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
146,812
(134,458)
Restricted funds
Fuel Poverty
18,768
(27,750)
Yorkshire Health Charity Fund
-
-
Women's Fund
-
-
Wakefield Fund
-
(6,055)
Haribo Happiness Together
30,001
(53,705)
Barratt Fund
1,500
(392)
Prosper Fund
2,300
(2,272)
Landsec Fund
2,500
(80)
Mazars Fund
750
-
Arnold Clark Fund
1,500
-
57,319
(90,254)
Endowment funds
Grass Roots
11,868
(10,702)
TOTAL FUNDS
215,999
(235,414)		 Transfers
between
At
funds
31.3.24
£
£
-
49,174
1,189
19,565
-
23,803
2,378
8,569
303
2,693
1,188
14,113
-
496
-
19,949
-
1,108
-
28
-
2,420
-
750
-
1,500
5,058
94,994
(5,058)
481,127
-
625,295
Gains and
Movement
losses
in funds
£
£
-
12,354
-
(8,982)
-
-
-
-
-
(6,055)
-
(23,704)
-
1,108
-
28
-
2,420
-
750
-
1,500
-
(32,935)
33,697
34,863
33,697
14,282

continued...

Page 19

Community Foundation for Wakefield

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

18. MOVEMENT IN FUNDS - continued Purpose of Restricted Funds

Fuel Poverty Fund

A campaign was run each year to raise money to help older and vulnerable people to stay warm and fed during the winter months. The campaign began as a vehicle for generous pensioners to 're-cycle' their winter fuel payments and has progressively developed into a giving portal for anyone who wants to help vulnerable people. Community Foundations have significant local reach and distribute all donations to people in need. Those donating nationally can request that their donation is forwarded to their local Community Foundation if they wish.During the year the board decided to close the fund after forwarding the remaining balance to Wakefield Council to distribute.

Elderly Persons Social Isolation Fund

This fund was started in 2016 following an anonymous donation of £150k to be devoted to: "helping older people overcome loneliness and thus make a bigger contribution to society" but with very few other strings attached. Rounds I to III are now complete. Initially, £30k was utilised as match funding for the Haribo Happiness Together Fund in year 1 (2022-23) but for the second year match funding was raised from another source. As a result a residual balance has been retained and will be used to support similar activity, as and when required.

Women's Fund

A new Women's Fund was established in the spring of 2019. The purpose of the fund is to support Women and Young Girls who are in need and help them top achieve their full potential. Following a lunch at Hatfield Hall, a number of people signed up to become founder-donors with a very generous donation of £5k from Irene Dorner, a committed philanthropist who comes from the North East and has helped their Community Foundation in a similar way.

Wakefield Fund

This fund was established in the spring of 2020 and funded from trading profits from the retail outlet in the Trinity Walk Shopping Centre - the Community Give Box - which opened in November 2019. Due to the Coronavirus Pandemic the fund was paused in April 2020 and resumed in April 2021 before pausing again in April 2022. Trustees have established that this fund will be devoted to providing small grants to community groups and individuals who find it difficult to source support elsewhere.

Endowment Funds

From the Foundation's launch in 2008 the organisation participated in the Grassroots Grant Programme, part of which was an Endowment Match Challenge. This challenge was one of the first of its kind in the UK and was funded by the then Office of the Third Sector in the Cabinet Office.

The Wakefield Foundation raised £365,276 through the endowment match challenge, the value of which has subsequently moved in line with changes in market value. Rathbones Investment Management are the Foundation's investment advisers and charge a management fee of 0.7% annually (+ VAT) on the fund value.

WDHCS (Yorkshire Health Charity)

Wakefield District Hospitals Contributory Scheme contributed £75k to the Foundation's Endowment Fund and this was matched by the Government of the day's Grassroots Grants Endowment Challenge Fund. The annual income accruing to the fund from its share of the interest earned as part of the endowment is being held by the Foundation for the purpose of awarding grants. WDHCS asked that the interest accumulated until such time as it reached at least £10k, at which point discussions would take place as how best to use the fund with the decision this year being to contribute it towards Bed Poverty.

Sir Rodney Walker Fund

Sir Rodney Walker, the Foundation's president, was also one of the first to contribute to the Endowment Fund with a donation of £10k which was matched with £10k from government. Sir Rodney has asked that the share of endowment interest earned by the fund should be retained until such time as he decides how he wishes this to be spent.

Haribo Happiness Together Fund

The Haribo Happiness Together Fund was launched during 2021, with a core aim to support projects that brought together older and younger generations, so that relationships could be forged and various skills shared between the two groups.

The first rounds of the fund were active in 2022/23 and grants for 2023/24 were approved in early April 2024. The fund has now ceased with the remaining balance transferred to the Bed Poverty Fund

continued...

Page 20

Community Foundation for Wakefield

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

18. MOVEMENT IN FUNDS - continued

Barratt Fund

This fund was established to assist in the provision of items to include in care packages and support for residents in need in the Wakefield District when are unable to provide them with the items that they require such as duvets, kitchen appliances and crockery from the donations we have received.

Prosper Fund

This fund was established to assist in the provision of items to include in care packages and support for residents in need in the Wakefield District when are unable to provide them with the items that they require such as duvets, kitchen appliances and crockery from the donations we have received.

Landsec Fund

This fund was established to assist in the provision of items to include in care packages and support for residents in need in the Wakefield District when are unable to provide them with the items that they require such as duvets, kitchen appliances and crockery from the donations we have received.

Mazars Fund

This fund was established to assist in the provision of items to include in care packages and support for residents in need in the Wakefield District when are unable to provide them with the items that they require such as duvets, kitchen appliances and crockery from the donations we have received.

Arnold Clark Fund

This fund was established to assist in the provision of items to include in care packages and support for residents in need in the Wakefield District when are unable to provide them with the items that they require such as duvets, kitchen appliances and crockery from the donations we have received.

Bed Poverty Fund

Launched in late 2024 this fund is used solely towards ending Children's Bed Poverty across the district. Funds raised are granted to Zarach, to deliver beds across the whole district. By March 2025 we have successfully lifted 365 children out of bed poverty.

Lifelong Learning

Wakefield Council pledged to provide lifelong learning opportunities for residents and this fund has been used to run workshops at no charge for residents across the district.

19.

RELATED PARTY DISCLOSURES

During the prior year the charity made a grant to Go POP CIC of £4,997. Go POP CIC is a Community Interest Company in which the trustee J Fan has control. No other Trustees are connected to any bodies that received grants from the charity for the years ending 31st March 2025 or 31st March 2024.

During the year the charity received accountancy services relating to the preparation of the financial statements and regular management accounts from The Sanders Partnership costing £2,803 (2024: £2,858), it also received payroll services costing £595 (2024: £475), and access to bookkeeping software for £91 (2024: £79). At the balance sheet date £540 (2024: £511) was owing. The Sanders Partnership is a trading name of Sanders Geeson Limited which is a company in which the trustee M Szczepanski has significant influence.

There are no other related party transactions.

20. ROLE OF VOLUNTEERS

Volunteers are playing an increasing role in the Foundation's activities. In addition to supporting the retail shop Managers at the Community Give Box during the opening hours, other volunteers provide support with marketing and social media, administration and event management. As the organisation broadens its reach and develops as a community resource, other roles are likely to be added including technical support, photography, and the collection and distribution of donated goods.

continued...

Page 21

Community Foundation for Wakefield

Detailed Statement of Financial Activities for the Year Ended 31 March 2025

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Grants
Other trading activities
Shop income
Management fees and service charges
Support Club Membership
Event sponsorship
Other income
Investment income
Investment income
Total incoming resources
EXPENDITURE
Raising donations and legacies
Wages
Pensions
Rent, rates and utilities
Insurance
Postage and stationery
Sundries
Advertising
Travel
Website hosting
Professional fees
Training & networking fees
Room hire and event costs
Accountancy
Subscriptions
Bank charges
Investment management costs
Computer equipment
Other trading activities
Other direct costs
Wages
Pensions
Card machine charges
Marketing
Rent, rates and utilities
Repairs
Carried forward		 2025
£
28,118
-
20,770
48,888
88,578
12,925
300
27,358
150
129,311
14,278
192,477
56,467
1,272
2,697
1,637
359
198
9,369
596
5,696
4,459
667
21,858
3,398
566
-
4,055
546
113,840
451
41,719
351
1,416
1,164
5,138
720
50,959		 2024
£
30,986
814
54,050
85,850
84,422
10,606
300
22,953
-
118,281
11,868
215,999
26,251
560
3,471
1,304
439
1,157
6,535
1,415
3,858
27,898
687
17,267
2,858
415
12
3,801
1,160
99,088
105
27,991
165
1,181
25
5,274
627
35,368

This page does not form part of the statutory financial statements

Page 22

Community Foundation for Wakefield

Detailed Statement of Financial Activities

for the Year Ended 31 March 2025

Other trading activities
Brought forward
Sundry expenses
Charitable activities
Items to donate
Grants to institutions
Support costs
Governance costs
Independent examiners fee
Total resources expended
Net expenditure before gains and losses
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments
Net (expenditure)/income		 2025
£
50,959
1,387
52,346
5,786
56,791
62,577
1,480
230,243
(37,766)
(642)
(38,408)		 2024
£
35,368
143
35,511
2,444
94,711
97,155
3,660
235,414
(19,415)
33,697
14,282

This page does not form part of the statutory financial statements

Page 23