**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:
- The advancement of education
- The protection of good health (both mental and physical)
- Relief of poverty and sickness
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:
- **Commitment** - to addressing disadvantage and making a real difference now and in the future
- **Knowledge** - in our understanding of local communities and local issues
- **Collaboration** - working together with individuals, families, companies, local and central government and third sector organisations
- **Accountability** - to our donors, partners and the local community
- **Transparency** - in the way we work, how we manage funds and the grant processes
- **Integrity** - being honest, open and reliable
- **Leading** - and promoting community engagement and enterprise
## **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:
- Elderly Persons Social Isolation Fund: There is approximately £23,800 left to distribute from this fund, we will be seeking projects which tackle isolation.
- Women's Fund: Funding has been approved for a "young Buds" programme a youth-led, community-driven project designed to provide a weekly empowerment, fitness, and personal development class for young people aged 8-16 in Normanton. The project builds upon successful pilot programs, creating a safe, inclusive, and engaging space where young people can develop physical skills, mental resilience, and confidence while having fun and forming positive friendships. Work is underway to identify other projects across the district to disperse the remaining balance of approximately £7,000
- Fuel Poverty Fund: a board decision to close this fund was made after the final balance of £18,878 was forwarded to Wakefield Council to distribute.
- Bed Poverty fund - launched in late 2024 this fund is used solely towards ending Children's Bed Poverty across the district. As funds are raised we then provide a grant to Zarach, to deliver beds across the whole district. By March 2025 we have successfully lifted 365 children out of bed poverty.
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
- Dogs homes
- Care homes
- Baby banks
- Neo natal unit
- Brownies, cubs, scouts, after school groups
- Schools
- Churches/Mosques
- City of Sanctuary - refugees
- Adult social care
- Memory Action Group - dementia care
- New Hall Prison
- SWYFT - South West Yorkshire Foundation Trust
- Mental health outreach workers
- WADAS - Domestic violence service
- One Umanh
- WDH - Wakefield District Housing
- AMC - Andy's Man Club
- WSK - Wakefield Street Kitchen
- Food Banks
- Community Centres
- Step Up
- Wakefield Pride
- Fieldhead Hospital
- Wakefield Technology For All
- Ey Up Charity
- Zarach
Page 2
**Community Foundation for Wakefield**
## **Report of the Trustees for the Year Ended 31 March 2025**
## **ACHIEVEMENTS AND PERFORMANCE – continued**
- Other charity retailers we support-
- My Eco Baby
`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:
- The Endowment Fund, currently valued at £477,429 (management fees 1.5% of capital value are charged annually)
- Funds available for grant-making (management fees of 10% or 15% are charged depending on the agreement)
- Give Box
- Membership and event fees (including Unsung Heroes)
## **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
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
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