REGISTERED COMPANY NUMBER: 06685276 (England and Wales) REGISTERED CHARrrY NUMBER: 1127597 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 FOR HEBDEN BRIDGE COMMUNTfY ASSOCIATION LTD Cresswells Accountants IUKI Llmlted Chartered Accountants and Statutory Auditors 12 Market street Hebden Bridge West Yorkshire HX7 6AD
HEBDEN BRIDGE COMMUNITY ASSOCIATION LTD CONTENTS OF THE FXNANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 Page Report of the Trustees I to 13 Report of the Indèpèndént Auditors 14 to 16 Statement of Financial Activities 17 Balance Sheet 18 to 19 Cash Flow Staternent 20 Notes to the Cash Flow Statement 21 N¢>te$ to the Financial Statements 22 to 34 Detailed Statement of Financial Activities 35 to 36
HEBDEN BRIDGE COMMUNfTh ASSOCIATION LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024 Thls has been another incredibly busy year for the AssocSation within the Town Hall and also in the wider cornmunity. Indeed, It's probably the first year when matters external to the Town Hall have dominated those inside when we conslder developments like Hope Chapel and Staying Well. Inside the Town Hall we remain fully let, our co-worker numbers have blossomed wlth the new space avallable in the old building, we have again over-performed our room hire expectations and we have had another bumper year for weddings and partles and the Café trade has been very strong. We have made good progress in ensuring that the financlal impacts of the withdrawal of Calderdale MBC from 3 of the 5 spaS they have previously leased from us have been minimised, and we have renovated 4 of the 5 spa$ to create much better working environments. We have Invested heavily in eneryy-efficiency measures across the Town Hall with LED lighting and solar panel upgrades and whilst these haven't seen dramatlc falls in usage land our utility costs are still very highl we are pleased with the progress made. Extemally to the Town Hall two rnajor projerts have domlnated our Dlrecterfs and other staff5 time: Hope Chapel and Staylng Well. There are specific sections glvlng more details tsn these >n the rest of this report but here we wanted to focus on the longer-term implications. The A$50Clation has been successful in ensuring the Town Hall is well utilised by tenants, co-workers and room hirers but we are at or close to capacity in all of these areas and demand continue5. We have often wondered about the what-if scenario of managing a second bullding and how that could be rnanaged and integrated as a development for the Association and Hope Chapel opens that as a posslbi1Sty. The energy Is all directed towards establishing how that might work financially and to ensure that risks to our core functions are approprlately managed. We do hope to be able to report on exciting developments later In 202412025. Staying Well has been part of the Association for 10 years but always wlth a latIVelY small financial tumover making it challenging to allocate the staffing $ourCeS appropriately. The financial effect of the new contracts detailed in the rest of thls port and their duratton mean that the Association will need to èdju5t the staffing balances and prlorltles as the contracts progres5. In that regard 202412025 is a key year to resolve these. We have been distratted from the blgger project for the old building which we have talked about extensively in recent years: thls will come back to the centre in the coming year. Lastlyi we must however continue to look foNard and bulld on our solld and sustslnable financial model. This Is the right time to review our Strategic Plan for 2025 although we expect to retain a focus on similar prloritSes.' Widen our reach with the Community outside the Town Hall. Create an environment that helps Businesses make new connections and thrlve,. and Keep the Town Hèll operating successfully and keep focused on our long-term viability. Flnallyi we want to trffer (>ur thanks to all our hardworking team of stsff and volunteers. We are also grateful to our members and the wider communlty In Hebden Brfdge for thelr contlnulng support and deep-rooted belief In our long-term success. Page I
HEBDEN BRIDGE COMMUNITY ASSOCIATION LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024 OBJECTXVES AND ACTIVMES Our Story In the autumn of 2012, the Hebden Bridge Community AssociatSon IHBCA) opened the doors to a new Town Hall in the heart of our vibrant town. The Town Hall, Hebden Brldge is the first asset-transferred communlty owned Town Hall and is a symbtsl of what a community can achieve when it pulls together with a common ambition and vlsion. Grade II Ilsted and dating from 1897, the Vlrtorian part of our bulldlng originally housed the town's council offices. In 2008 the HBCA was formed as a charity and cornpany IlmSted by guarantee. Through an innovative asset transfer, the HBCA acqL¢ired the councll offices from Calderdale Council. HBCA'5 vision was to transft)rm, what was at the tlme, a barely used bullding fallin9 Into disrepalr Into statè-of-the-art nt for communlty and creative enterprise putting it back at the centre of the town's civic life as The Town Hall. HBCA went on to raise E3.7m for a major development on the site and the addltions built in the 1960s were kn(>cked down to create Spa for a major new modem extension that would sit alongside and complement the origlnal building. In autumn 2012, a large new contemporary community and business bullding was opened offerlng a range of spaS for community, enterprise and recreational use. Our vlsion Innovative, creative, pioneering and enterprising. The Town Hall is the beatlng heart of Hebden Bridge's rich community, business and democratlc Ilfe. Our vlsion Is to make The Town Hall, Hebden Brldge much rn0 than just a bulldlng. We want the Ttswn Hall to become known locally and nationally ès a shining ex3mple of what can be achieved when people come together- united by a belief that people need each other, and that communlty Is Important. What we do The Town Hall is run by the HBCA, for the benefit of the communlty. It Is a pla to collaborate, Cate, meet and celebrate. Communlty is at the heart of what we do and who we are. Community-owned and managed by the HBCA, the Town Hall hosts and supports a diverse range of community activity. More than just bulldlngl we act as a creative connector maklng links, creab'ng new partnerships and opening up excitlng possSbllities. we' also home to a vibrant hub of knowledge intensive businesses. We work to help them to thrive and collaborate through business support, skills sharing and networking. We welcome all into our buildlng in the heart of Hebden Bridge Whe we offer.. a ran9e of spaces for community artivities, meetlngs, celebration5. 34 business units and two business lounges la co-working / hot-desking facillty). a friendlyi affordable café with rlverside terrace. special events, festiva15 and exhlbltions. Page 2
HEBDEN BRIDGE COMMUNrrY ASSOCIATION LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31sr AUGUST 2024 OBJECTIVES AND ACTIVMES staying Well Staying Well started in January 2015 as a pilot project in Hebden Bridge and 3 other localities across Calderdale before becoming a Borough-wide initiative from October 2016. Since then, the Association's responsibility has been covering all 4 Upper Calder Valley wards (Calder, Luddendenfoot, Ryburn and Todmordenl. It is a universal adult service focussed on engaging vulnerable people with community solutions to redu demand on more acute health & social care services. There ha5 been a developlng strategic initiative across Calderdale focussed on Integrating health and wellbeing for adults which we referenced in last year's report. This has encompassed Staying Well, and several different services funded by Calderdale MBC and others which focus on this field of work. In 202312024 this work has concluded, and we are pleased to report the outcomes here. Hebden Bridge Community Association and our Staying Well partners were identified as the Most Suitable Providers for the continuation of the Staying Well work. There has been a public procurement exercise and in sutnmer 2024 it was confirmed that we would be awarded a contract for a minimum of 3 years with the options for two one-year extensions - effertively a 5-year contract. The contrart commenced on 1st October 2024. In addition, 20231204 also saw the conclusion of another long projert development process the Calderdale Community Model of Support which has been driven by the West Yorkshire & Harrogate Cancer Alliance. This is focused on providing personalised support for people livin9 Wlth and beyond cancer with support more locally based in the community. This is not a medical service but seeks to bring all the expertise developed through Staying Well to improve outcomes for local people. This is a 3 year projert. These two developments bring additional financial resources and will lead to the employment of new staff are a significant step for the Association. To deliver Staying Well, Hebden Bridge Community Associatlon directly manages 2 Calderdale Council staff who have been seconded to U5.. Helen Doodson and Hayley Conlon. They receive referrals of clients, undertake l-l client work, and refer clients on into existing activities in the Upper Valley which meet the client's specific needs or wishes. They also work with community organisations across the patch to support them and connect them together. We have now recruited a new Project Co-ordlnator (Moni Noszkay) and a new Personalised Cancer Support worker (Claire Sullivan) both came into post in early 2025. As we look ahead the Integrated Neighbourhood Team IINTI approach is being rolled out across the region through the Primary Care Networks we will continue to engage with this and expert to play a significant rose in the Upper Valley's INT in the future. Staying Well Is a key strand of our Strategic Objertive of widening our reach into the community outslde the Town Hall. A home for vlbrant Community activity We have had another successful year in terms of room hire, use by the community and in delivering weddings and other special events. In particular, we have delivered a new record number of weddings during 202312024. Durbng 202312024 24 gmups (202212023 23 groups) used spaces in our building for regular weekly activities and public events. Many of these groups have been hiring rooms for several years and are well established in the Town Hall calendar. In addition to the weekly groups, another 16 groups (202212023 5 groups) used our spaces for monthly meetings, including a Diabetes prevention course, a new drop in for egal advice provided by a solicitor. Another 83 groups {202212023 122) used our rooms for ad-hoc events. For example, the National Trust hired the Waterfront Hall to hold a training day for volunteers, local charity shop held a board games day open to the public to test their donated games and we have hosted several student groups for visits. We have also developed a range of regular business users in terms of room hirers who come for periodic meetings, away day5 and the like Newground, Age Partnership, Bluefin and Barnardo's amongst others. Page 3
HEBDEN BRIDGE COMMUNITY ASSOCIATION LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024 OBJECTIVES AND ACTIVITIES We are pleased with the diversity of the community groups using the Town Hall and we are delighted to host such a wide range of activities suitable for all ages, stage5 and interests. There remain a range of attivit1es for everyone from the community. We are also pleased, as ever, and in spite of everything, to have several groups try out new initiatives in the Town Hall. This year we have accommodated a new performance-based initiative who have been rehearsing for their 2025 national tour. A home for vlbrant ¢ommunlty artlvlty {¢ont...) It is vital that we continue to offer support to a wider range of community activity- acting as a broker; making relevant introductions between voluntary groups, individuals and businesses and helping them to share information and skills- supporting groups to develop and grow- and creating an environment where new collaborations can develop and grow. Families use our spaces to come together and celebrate important occasions or to rernember loved ones. In 2023124 we hosted- 22 weddings and civil partnerships - a varied range of large and small ceremonies, some with large receptions, some with just celebratory drinks. 12 parties and other celebrations - with a huge range from baby showers, children's parties, celebrations of significant birthdays, wedding anniversaries and retirements. Our building fulfils an important civic funrtion. Hebden Royd Town Council is based at The Town Hall and, along with Erringden, Wadsworth, Blackshaw Head and (much less frequently} Heptonstall Parish Councils, use our spaces regularly for full council and committee meetings. Festivals and special events The Town Hall was born with the vision to make it the building into a centre of civic life the range of special events held he over the years along with the building's role as the hub for many of Hebden Bridge's are testament to the delivery of this vision. Some of the highlights thfjs year have been Steampunk Weekend; a Simon and Garfunkel Tribute band. theatrical and musica5 productions from Heroica Theatre. we have hosted multiple markets two of the ever popular Hebden Bridge Wl Rag Markets, our annual Prlnt Fair, Milltown Arts, Open Studios and various Christmas Fairs. We have provided a room for a local high school to hold exams in and we have hosted Covid vaccination clinics in the Waterfront Hall on Sundays to ease the pressure on local NHS surgeries. We have hosted several pop-up displays in our reception area by local groups to raise awareness and promote participation. These include Shared Lives, and Breast Cancer Awareness. Exhlbitions During 202312024 we hosted 13 exhibitions each with a speclal connettion to the area and to local people. These included.. Hebden Bridge Little Theatre celebrated their centenary with an exhibition of photos of productions, actors. behind the scenes staff and activities. It was very Snteresting and well received. Pennine Heritage ran an exhibition on the After Alice proJert and we also hosted a Heptonsta51 Museum / Coiners Exhibition. Our annual exhibitions by Hebden Brldge Camera Club and the Print Fabr. Milltown Arts held two exhibitions. Sand In Your Eye. Various local artists.. Christopher Foster, Rachel Elwell and Jess Kidd. Our exhibition programme is designed to both bring a range of people Into the buildingi often for the flrst time which introduces them to our building and our offer, and it provldes interest and engagement for our regulars and visitors to the town. Page 4
HEBDEN BRIDGE COMMUNITY ASSOCIATION LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024 OBJECTIVES AND ACTIVITIES The Town Hall Café Limlted The Town Hall Cafe Limited was incorporated on 2nd February 2016 {Cornpany No. 99815421 as subsidiary of Hebden Bridge Communlty Association. This action was taken to ensu the Assoclatlon continues to meet our charltable objectives and responsibilities. The Cafe reports accounts as a separate cornpany.. 202312024 Is the nlnth year of trading (with 8 full years tfading). There Is a detalled agreement Setting out the relationship between Hebden Bridge Communlty Association and the Town Hall Café Limited originally signed off by the respectlve organisatlon's Boards in the autumn of 2016 which 15 updated annually and agreed by the respertive Boards. The Association retains ownershlp and SponsIbl11ty for the capital assets of the Cafe and because of this conslders the capital investment needs of the Café on an annual basis. Our goal is to take a proartive approach to capltal asset replaMent. The Associatlon and the Café continue to invest in other Improvements intemally and externally in order to develop our Café and Catering offer. Once again we must specifically thank our volunteer Jane and her partner lan who have done an amazing job in malntainlng them throughout the year.. thanks to all. This has been a good yearfs tradlng In the Café ènd performance has been above our expectations. We are dellghted tts record that the Café made a £9,796 surplus in the 202312024 (see Note 9 to the Accounts). The Memorandum and Artlcles of Association of the Town Hall Cafe Limited set out that any profits of the Café shall be applled to either (il cate a general reseNe for the continuation and development of the Company, or lil) to make payments to Hebden BrSdge Ctsmmunity Association. The Cafe's surplus from 202312024 wlll be donated to the Association. Supporting local businessès Over the year we have continued to look for ways to support local businesses to grow and thrlve startlng with those who are business tenants and co-workers but also looklng beyond to the wider ltscal Hebden Bridge economy. Our bulldlng Includes offices and business units with hlgh-speed dedicated fibreline. We Invested In a slgnifi¢ant upgrade to our firewall systems during the year In order to Improve the security of connectivity for our buiSding users. We have a full building wlth 34 unlts occupied at the end of 202312024. In last yearfs report we noted that a second cts-worklng space opened in Septernber 2023. Thi5 15 based in one of the rooms Sn the old building formerly occupied by Calderdale MBC. This enabled us to significantly boost our numbers of co-workers whlch we had been limiting because of capacity issues. Our Budget expectatlon was to achieve 35 users by the end of the Financial Year, a number we achieved comfortably. At the end of this financlal year, we We delighted to be able to open a new dedicated-de5k offer in another of the rooms forn)erly occupied by Calderdale MBC Ithis was for former Town Clerk's ofFicel. Thi5 is a business offer mid-way both in terms of both pricing and the offer betsveen a tenant and a co-worker and enables 4 people tts share the room with higher levels of inclusive access to our hireable rooms ft)r private Matter and lockable facilities in the room. Our Budget expectation is to completely fill this by the end of the Financial Year 202412025. Our tenant turnover has once again been low during most of the year and once again we end the year with the majority of our business tenant5 based in the creative and digitsl industries in line with our ERDF grant requIrnents. Page 5
HEBDEN BRIDGE COMMUN ASSOCIATION LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024 OBJECTXVES AND ACtIvrrIES Hope Chapel In spring 2024 the Association were asked to a5SlSt Hope Chapel CIO and the Yorkshire Baptist Associatlon in the rnanagement of Hope Chapel In Hebden Bridge. The Chapel is Grade 11 listed and bullt in 1857 and MaInS a promlnent building on the maln road. Thi5 request was formalised from 1st May 2024 on a Ilcence to occupy basls for an initial S-month temi to the end of September 2024. This agreement came at the end of a complicated period of change for Hope Chapel CIO over the previous year. There had been a marketing exercise in spring 2023 looking to sell the bulldSngi the Church stopped meeting in summer 2023 and responsibility for the building then passed to the Yorkshi Baptist Assoclation. An agreemént had been ached wlth The Bridge at Hope Chapèl CIC. which had been created to take on responsibility for the Chapel from October 2023, but by spring 2024 the challenges of managing the building arhd making it financially sustainable meant that agreement was coming to an end. The Assoclatlon's goal was to establish whether it was feasible to make the Chapel flnanclally viable and if so to find the way to an agreement to manage the Chapel on a long-lease basis. The Trustees and staff have responded positively to the challenge and believe that there are way5 to make the Chapel financially vlable. The licence to occupy is being rolled forward on a monthly basis and draft Heads of Terms are belng negotlated. There is much to do, and it is of course posslble that a way foNard cannot be agreed, but the Trustees are particulady mindful of one of our charitable objects - the preservation of bLJlldlngs or site5 of historlc or architectural importance and believe that every avenLJe should be explored to see If a resolution can be found. The Trustees are grateful to Hebden Royd Town Council who have provlded financia5 support through a Community grant to enable the Association to secure some detailed legal advice. Our wider role in the community During 202312024 our Executive Director continued to serve on the Hebden 8rldge & Mytholmroyd Town Development Board. This is a reoular meeting bringing together Calderdale & Town Councillors, local businesses, and the vc>luntary and community sector to look at key issues affecting the local area wlth a specific focus on the economy. Our Executive D1ctOr serves as community representative. Those familiar with Hebden 8rldge's recent history will be aware of our flood story arising from the Boxing Day 2015 and February 2020 floods. We are ready to respond agaln should the need arise. Our Executive Director is a regular attendee at the Hebden Bridge Flood Allevlation Scheme meetings, again ès a community representative. We continue to try and clarify our role and improve our abllity to respond to near-miss flood events and In this gard are grateftjl to a Calderdale MBC Ward Forum grant whlch has enabled u5 to purchase a walkie-talkie to facilitate improved communlcatlons during near-flood events. Européan Regional Development Fund In our 201412015 report we set out the detalled outputs from our European Reglonal Development Fund IERDFI projert which was an Investment of £1.25 million in the overall capital project of CatIng the modern extension to the exlsting Town Hall and invested funds to support the development of enterprise aspects of our development. In 201512016 & 201612017 we completed 'Article 55" returns to ERDF.. these were a method of ensuring the sound and efficient use of the EU budget and in particular to avold grant fundlng more than is necessary in respert of revenue-generatln9 projects when a loan m5ght have been more appropriate. Those returns showed the Associatlon had maintained delivery aligned to the original plans and within the tolerances of the grant funding requirements. We have not been asked to cornplete an Artlcle 55 return Sin, but we contlnue to monitor and ensure we maintain alignment wlth the original plans for the life of the pmject whlch Is up to 20 years. Running our building and developing our team During the year we have continued to work to improve our administrative Systems and pollcles, develop our staff team, support our volunteers, and maintain the bulldlng. We estlmate an average daily footfall of 300ppl into the Town Hall, meanlng an annual footfall of roughly 90,DOO. It Is a daily challenge to keep the btJildin9 in a good condition. The Trustees are gratefvl to our cleaner and cataker Tom & Jo, our Facilities Co-ord5nator James, and our Duty & Event Officer5 who continue to deliver a clean and well-maintained building for all to enjoy. Page 6
HEBDEN BRIDGE COMMUNITY ASSOCIATION LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024 OBJEcfIvES AND ACTIVITIES Running our building and developing our team (cont..) In 202312024 we completed the following major refurbishment / repalr projeets= We have corrTrpletely upgraded all the lightlng In the Town Hall tts LED fi'tting5 and we also upgraded the solar photovoltaic 115 on the roof to more efficient models than those initially installed. We are grateful to the C()mmunity Foundation for Calderdale for the funds we reiVed from them for this projert.. we have also invested In these from our accumulated reserves. Our Intention is to reduce the overall carbon foOtpnt of the Town Hall adding to the replacement of the solar them)al tubes last year. We have completed the necessary repairs to a further stretch of the coplng stones around the new buildlng - we a nearly at the end of this marnmoth repair programme. We also completed the refurbishment of the former Town Clerk's oflice in the old bulldlng whlch became vacant In the summer of 2023 when Hebden Royd Town Council moved downstairs in the old building. The most exciting element of thSs was uncovering, and restoring, the original parquet fltstsring in the room which had been carpeted over at some point. This year we have added some new round tables to our room hire equipment - this means we have almost reached the end of our wholesale rep1arnent of the tables originally purchased for the bulldlng. Finally, we have upgraded the Intruder alarm systems for the building. Day to day responslblllty for the Association rests with the Executive Director: Graham Mynott. Over the course of 202312024, the Association employed Verity Herrington (Events Manager), James Cragg (Facilltles & Bullding Manager), lo Norris (Caretaker); Christine Wright (Administrator), Tom Lockett (Cleaner) and Ellle (Book-keeperl. The followlng permanent Cafe staff were also employed during the year by the Assoclatlon.. Amber Roberts (Catering Manager), Dave Glover, Kelly Westem and Naoml Marshall. We have continued our broad approach to our duty and events work covenng work outslde offlce hours work, evenings, and weekends but we have adjusted during this year to ensure we can properly support the increasing number of weddlngs, receptions and larger partie5 in our diary. We have now added new roles to provlde specific support to our key events-related staff (Verity and Amber) Sam Doty is now employed as Events Co-ordinator and at the end of the year we engaged Ailsa Wilson as Catering & Events Co-ordinator. In addition, we continue to have a regular and changing pool of casual staff who we call upon when necessary to support our work in both the Café and in our Events / Duty team. Over the course of the year, we have sald goodbye to several staff.. Rebekah Cathcart, Arron Adèms and Sian Fawcett in the Cafe and Corrin Adams and Rick Hlll in our Events & Duty tearn. It is important t(> recognise the role of Rebekah who has been one of our joint Catering Manager5 With Amber since 2017 and prior to that deputised in the Café to our previous Cafe Supervisor indeed Rebekah has been ernployed by the Association Sin 2014 and was an employee for almost exactly 10 years. The Trustees wish to express their thanks to Rebekah for her exceptional servi. This year wee invested in stsff tralnlng coverlng FSrst Ald at Work and Food HygSene amongst others. The staff team are supported in their work by our fantastic team of volunteers who lead on our reptIOn function, welcomlng people into the building. The building wouldn't land doesn't) function as effectlvely wlthout them. In September 2023 we had 19 volunteers for reception duty. We have malntalned thls number over the year. M05t of the volunteers cover a regular weekly shift of two hours. Others prefer to be on standby to cover holiday5 and time off. The Trustees would like to extend grateful thanks to all our Volunteers for their time and commitment. The Tnjstees also wanted to specifically thank Jan Scott who contlnued to offer wonderful support to both the staff team and the volunteer team throughout the year. During this year our financial procedures and the facilitie5 rnanagement has continued the annual process of improvement and refinement, and as a board of trustees we work with monthly rnanagement accounts to keep on top of financial performance. Our facilities coordinator scrutinises maintenance wntacts and building overheads at contract renewal and the staff team work to keep office costs to a minirnum. Page 7
HEBDEN BRIDGE COMMUNrtY ASSOCIATION LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024 OBJECTIVES AND ACTIVITIES Our challenges We have three maln Challeng going forward. Firstly.. the ¢ontinuing need to StOre the old buildlng. The fabrlc of the bulldlng still needs much attention, and we want to increase wider public usage. We have struggled to make prtsgress on the next stsge of our Projert Development Plans (funded by the Architectural Heritage Fund) this year. The staffing capacity to pursue that work has been imparted by the fooJs on other major projects: the renovations of 3 units in the old bulldSng that Calderdale MBC and the Police have vacated,. and . Hope Chapel have particularly impacted capacity. Secondly- financial 5U5tainability. It's neady S years slnce we put In place a new sustainable loan agreement with Calderdale MBC which replad the arrangements, we had wlth Soclal Investment Buslness. Our baseline position is more stable, but the year-on-year external impacts contlnue especlally the challenges of managSng the utilities bills for the Town Hall. It is for this reason that we have spent resources and committed staff tlme to the major energY-ductl0ll projects detailed above under 'Running our Building" We must also recognise that the building is close to capacity this means our abllity to generate higher levels of income is StrICted to ralslng prlces or curtailing expenditure and given the external pressures on staff costs and utilities as aladY mentioned It Is a contlnual challenge to maintain our financial sustalnabi1Sty. Our thlrd prlorlty Is sustainability in the widest sense. We have aladY mentloned the drlve to reduce our carbon emissions, and we are expecting new challenge5 to arise in the future with the potential impacts on the building arising from flood alleviation scheme which we must consider and prepare for. What next? Our last strategic Plan ran from 2022-2024 and is overdue for a refresh which will be taken ft)rward in 2025. It had 3 strategic objectlves.. we do not expert these to change much in the revised Strategy.. Widen our reach with the Community through the continuatlon and development of the Staying Well,. buildlng on the legacy of Hebden Bridge Partnership and our commitments to contlnue their work,. securing our role as a community hub (including our p051tion as an emergency hub for Hebden Bridge),. and further developing our membership scheme. We are likely to add a priorfty within he relatlng to Hope Chapel in the next iteration. Create an environment to enable businesses to thrive here through maintsining the quality of our business unit offer,. delivering and malntalning our co-working packages and taking advantage of opportunlties to expand the space we make avallable for this within the building,. and continuing to develop our wider relationships with local business groups In the town and across the District. Keep the Town Hall operating suCcesslIV with a focus on our long-term viability through fttrther developments to enhan the event, catering and room hire offer we make and taklng forward the options arising from our AHF funded Project Development work on the old building. Page 8
HEBDEN BRIDGE COMMUNITY ASSOCIATION LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024 srRATEGIC REPORT Reserves poll The Board of Trustees reviews Hebden Bridge Community Association's reserves policy annually. There are two categories of reserves.. the General Fund and Restricted Funds. General Fund In considering the level of the General Fund that Hebden Bridge Community Association should aim to hold, a range of factors needs to be considered including the main risks to the organisation. The overall aim Ss to distribute funds quickly to our charitable activities, whilst maintalning a prudent level of reserves to ensure stability and flexibility. It is assumed that on occasions fluctuations will occur in both income and requirements for funding which cannot be fully anticipated in the planning process. Therefore, Hebden Bridge Community Association has established a reserves policy whereby general unrestricted funds which have not been designated for specific purposes should be at least 12 months of expenditure. The Soard has also identified 3 areas where funds previously identified as general unrestricted should now be designated for specific purposes and recorded as such in Hebden Bridge Community Association's Accounts: In the light of the Boxing Day 2015 and February 2020 floods and our continuing Snability to secure insurance cover for our basement contents, the Board have a goal to establish a designated Flood Fund of £45,000. As at 31 August 2024 the balance of this fund was £20,000 1£15,000 as at 31st August 2023). The Association has not been "out of pocket" in the aftermath of the Boxing Day 2015 or February 2020 floods: this fund has been designated because we cannot be certabn that we will be so fortunate in the future. The Board have a long-standing commitment to designate a property reserve fund to allow for future replacement costs once the initial depreciation charges arising from the new build tailed off. In addition, as identified elsewhere, the Association continues to identify issues with the fabric of the old and new parts of the Town Hall. As a result of this the Board have a goal to establish a Property Reserve Fund of £101,186 (representing £53,086 for the old Town Hall and £48, 100 for the newl. As of the 31st August 2023 £40,000 has been allocated {£23,000 for the Old Town Hall & £17,000 for the new).. at 31st August 2023 this was £30,000 in total, split £17,250 and £12.750 respettively) Café Fixed Assets the fixed assets in the Café remain in the ownership of Hebden Bridge Community Association. The Café makes a monthly payment las detailed in the annually updated agreement between Hebden Bridge Community Association and the Town Hall Cafe Limited). This was orlginally based on analysis of the cost of all Café-related assets to date. The Association has completed its scheduled year-end exercise of comparing the Fixed Asset charged to the Café against the actual Fixed Asset depreciation. The charity continues to try to identify and exploit opportunities to develop unrestrirted fundingi Wlth an emphasis on continuing to diversify the income streams Hebden Bridge Community Association accesses throLJgh further developing the charity's contracting and commissioning of services and increasing our fundraising income. The aim is for Hebden Bridge Community Association to increase the level of commissioned income, corporate income, individLJal giving and events income and thereby generate sufficient income to maintain our loan repayments due and enable us to deliver a programme of Improvements to the old building over the coming years. Restricted Funds Restricted funds are subjert to speclfic conditions imposed by donor5. We aim to minimise the levels of restricted funds, but balances arise due to timing differences between receipt of the income and expenditure on the specified purpose. Most restricted funds have a relatively short timescale for spending, but these timescales don't always fit neatly into our financial years, so are often unspent funds at the Year End. The ERDF restricted fund operates very dlfferently and will remain on our books for some time. Princlpal fundln9 sources The Trustees aim to priorit15e applications for grants and other funds to supplement the operational income from the running of the Town Hall over the next 12 months. During this year the Trustees have maintained an investment of £IOO,000 cash reserve. Page 9
HEBDEN BRIDGE COMMUNrrY ASSOCIATION LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31sr AUGUST 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Objectives and aim5 The charity is controlled by its governing document, a deed of trust, and constitutes a company, limited by guarantee, as defined by the Companies Act 2006. The company was incorporated on I September 2008 and received charitable status on 19 January 2009. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. The charity's objects are: l To further or benefit the residents of Hebden Bridge and the neighborhood, without distinrtion of sex, sexual orientation, race or Df political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance educatlon and to provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents. 2 To promote for the benefit of the public the urban or njral regeneration in areas of social and economic deprivation and In particular in Hebden Bridge and the neighborhood by all or any of the following means: the provision of financlal assistance, technical assistance or business advice or consultancy in order to provide training and employment opportunities for unemployed people in cases of financial or other charitable need through help (al in setting up their own business or Ib) to existing businesses the creation of training and employment opportunitbes by the provision of workspace, buildings, and / or land for use on favourable terms the maintenance, improvement, or provision of public amenities the preservation of buildings or sites of historic or architectural importance the provision of recreational facilities for the public at large and / or those who by reason of their youth, age, infirmity or disablement, financial hardship or soclal and economic circumstances have need of such facilities. the protertion or conservation of the environment The Trustees complete an annual exercise to consider whether the objects remain appropriate: no amendments were considered necessary durlng 202212023. The Trustees consider that the Staying Well project's reach across 4 Calderdale wards is within the charity object5. Ensuring our work delivers our aims Hebden Bridge Community Association's main document providing the framework for our Trustees to review our aims, objertives and progress on a regular basis is our Strategic Plan 2022-2024. Thls is overdue for a refresh and this will be taken forward In 2025. Future Income and ¢apltal needs We seek to maxlmize our income from all our revenue streams.. the hire of our spaces to both community and business users. business unit rental and co-workers using our hot-desking facilities. grant, trust and contract Income along with other fundraislng actlvity. profit distributbon from The Town Hall Café Limited (which is a subsidiary company that dlstributes profits back to the Association). Calderdale Council has continued to be an anchor tenant in the old bullding although the original 10-year lease agreement ha5 now ended and we have moved into a new lease agreement at a lower price with effett from November 2023. This has impacted our income more than expected during 202312024 because the budgeted expectations amund the timing of the change were shortened. We do however expect to recover the Shortfall by the end of FY 202412025. The resources available to HBCA will always be limited by the number of available business units and hireable spaces and so the charity relies on grants and donations to generate additional funds, for example for capital improvements to the building. Since February 2020, the Charity has managed loan commitments wlth Calderdale MBC as they have fallen due. Page 10
HEBDEN BRIDGE COMMUNITY ASSOCIATION LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Future income and ¢apital need5 (cont...) The trustees have looked at the requirements of the charity and agreed a serveS policy which seeks to build up general unrestricted funds to a position where they represent twelve months, operational costs. This would enable the charity to continue the current activities for a short term in the event of a significant drop in income. Plans for the future The Trustees continue to aim to prioritise the application for grants and other funds to supplement the operatlonal Income from the Town Hall over the next 12 months. Publle benefit The trustees have referred to the Charity Commission's general guidance on public benefit when reviewing the Association's aims and objectives and in planning fLJture activities. In partiCLJlar, the trustees consbder how planned activities will contribute to the aims and objectives they have set. Recrultment and appointment of new trustees The directors of the company are also charity trustees of the Association and are elerted by the membership of the Association. Trustees normally serve a three-year term and can serve a maximum of two terms before standing down for at least a year. Up to two co-options may be made by the Board at any one time before co-opted Trustees formally join the Board at the next available AGM. All trustees give their time voluntarily and receive no beneffit from the charity. Any expenses reclaimed are set out in note 5 to the accounts. The trustees try to maintain a broad set of skills on the Board and bring a good range of experience to the role. As can be seen under the Reference and Administratbve Details at the start of thls report, and as prefaced in our Trustees Report last year, we have welcomed two new Trustees (Paul Guy & Sue Barlow) during this year. Their dates of co-option are provided in the Reference and Administrative Details above: their appointments were confirmed at last year's AGM on the 23rd March 2024. Shortly after that meetingi we said goodbye to Damien Woolliscroft as a Trustee: Damien had left the area and didn't feel able to commit the time to the role. The current Trustees would like to put on record their thanks to Damien who served so ably during his time on the Board. At the forthcombng AGM {scheduled for March 202512 current Trustees will come to the end of their term and, having completed two full temis, are no longer eligible to Stand again. The Trustees always weScome speaking to interested parties about joining the Board: a recruitment process was launched in November 2024 just after the end of the year covered by this report. This process will continue through to the AGM. Organisational structure The board of trustees meets on a regular basis, and 12 board meetings were held in the perlod I September 2023 - 31 August 2024. The officer's group meetings referenced in last year's report were discontinued during 202312024. The Board can also meet informally from time to time and for training as required.. but there were none during 202312024. The Executive Director (who is not a trustee or dirertor of the Charity but is the Company Secretary) reports to the Trustees at every meeting providing written reports on progress in all areas of the Charity. The Trustees continue to receive information regarding the performance of the subsidiary: The Town Hall Cafe Limited (Company No. 9981542) on a regular basis. The Executive Director is a Dirertor of the Cafe and one of the Trustees takes an overview (but is not currently a Dlrector of the Café). The Café has Its own Board meetings as well. Page 11
HEBDEN BRIDGE COMMUNITY ASSOCIATION LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Induction and tralnlng of new trustees New trustees receive an Induction pack of information, providing the Memorandum and Articles, the latest Financial Statements, Policies and other governance documentation and usually have discussions one-to-one wlth the Chair and also with the Executive Director. All trustees are pointed to the Charities Commission guidance on the obligations and responsibilities of charity trustees and to Companies House for guidance on the obligations and responsibilities of company directors. Pay Policy The board of trustees consider the pay of the Executive Director and staff team annuallyi considering the nature of the charity, the overall financial posltion and benchmarking to similar roles in similar organisations where possible. Benchmarking was last conducted during 202112022 for some roles Sn the organisation. A formal written Pay Po5icy was adopted during 202012021. Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Board last undertook a risk management assessment in preparing the 2022-2024 Strategic Plan. This included consideration of the Charity Commission's latest guidance on the subjett. Policies are created and reviewed to ensure that risks are considered and managed, and staff. volunteers and Town Ha11 users are provided with inforrnation on health and safety. Our polbcy rev1ew process Is an ongoing priority in 202412025. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 06685276 (England and Wales) Registered Charity number 1127597 Regtstered office Hebden Bridge Town Hall St George's Street Hebden Bridge West Yorkshire HX7 7BY Trustees J Morris J E M Woodhouse W Lake A Gardner R Swindlehurst D Woolliscroft Iresigned 25.4.24) R Blackwell S Barlow {appointed 26.10.23) J I Scott (appointed 27.2.25) PCGUY Company Secretary G N Mynott Auditors Cresswells Accountants (UK) Limited Chartered Accountants and Statutory Auditors 12 Market Street Hebden Bridge West Yorkshire HX7 6AD Page 12
HEBDEN BRIDGE COMMUNrn ASSOCIATION LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024 STATEMENT OF TRUSTEES, RESPONSIBILrrIES The trustees (who are also the direttors of Hebden Bridge Community Association Ltd for the purposes of company lawl are sponsible for preparing the Report of the Trustees and the financial Statements In accordance with applicable law and Unlted Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting PractSce) including Financial Reportlng Standard 102 'The FlnancSal Reporting Standard applicable in the UK and Republic of Ireland.. Company law requires the trustees to prepare financial statements for each flnanclal year which give a true and fabr view of the state of affairs of the charitable company and of the Sncoming resources and appllcation of resources, including the income and expenditure, of the charitable company for that period. In pparIng those financial statements, the trustees are requId to select suitable accountlng policies and then apply them conslstentlyi observe the methods and principles in the Charity SORP. make judgements and e5tirnates that are reasonable and prudent; ppare the financial statements on the golng concem basis unles5 It is inapproprlate to pre5urne that the charitable company will continue in business. The trustee5 a responsSble for keeping proper accounting records which disclose wlth reasonable accuracy at any time the financial posltion of the charitable company and to enable them to ensu that the financial ststements comply with the Companies Art 2006. They are also responsible for safeguardlng the assets of the charitable company and hence for taking reasonable steps for the preventlon and detectlon of fraud and other Irregularities. In so far as the trustees are awa. there is no levant audlt Information of which the charitable company's auditors a unaware. and the trustees have taken all Steps that they ought to have taken tts make themselves aware of any relevant audit infomiation and to e5tabllsh that the auditors are awa of that Infomiation. AUDITORS The auditors, Cresswells Accountants IUKI Limited, wlll be proposed For re-appoSntment at the forthcoming Annual General Meeting. Report of the trustees, incts the company directors, on tln strategic repo approved by order of the board of trustees, as and slgned on the board'5 behalf by.. J Morrls - Trustee Page 13
REPORT OF THE INDEPENDENT ALIDITORS TO THE TRUSTEES OF HEBDEN BRIDGE COMMUNrrY ASSOCIATION LTD Opinlon We have audited the financial statements of Hebden Bridge Community Association Ltd (the 'charitable company'l for the year ended 31st August 2024 which comprise the Ststement of Financial Actlvlties, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of signSflcant accounting policSes. The financial reporting framework that has been applied in their preparation is applicable law and United Klngdorn Accounting Standards (Unlted Kingdom Generally Accepted Accounting Practlcel, including Financial Reporting Standard 102 'The Financlal Reporting Stsndard applicable in the UK and Republic of Ireland,. In our oplnion the financial statements.. glve a true and fair view of the stste of the charitable company's affair5 as at 31st August 2024 and of its incoming resources and application of resources, includlng its income and expenditure, for the year then ended- have been properly pfftpared in accordance with United Kingdom Generally Accepted Accounting Prartice, including Flnanclal Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,; and have been ppared in accordance with the requlrements of the Companles Act 2006. Basi5 for oplnlon We conducted our audit in accordance with Intemational Stsndards on Auditing (UK) IISAS (UK)) and applicable law. Our responslbilities under those standards are further described In the Auditors, responsibilities for the audit of the financlal staternents section of our report. We are independent tsf the charitable company in accordance wlth the ethical requlrements that are relevant to our audlt of the financial statements irl the UK, Including the FRC'S Ethlcal Standard, and we have fulfilled our other ethlcal responsibilities In accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Condusions relatrng to going concern In auditing the financial statements, we have concluded that the tnjstees, use of the golng concern basls of accounting In the preparation of the financial ststements Is appropriate. Based on the WO we have performed, we have not identified any material UnrtaIntleS relatSng to events or condltlons that, individually or collectivelyi may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financ5al statements are authorised ftsr issue. Our responsibilities and the responsibilitles of the trustees wlth respect to going concem are descrlbed in the relevant sections of this report. Other Information The trustees are responsible for the other informatlon. The Other infomiatlon ¢omprises the information Included in the Annual Report, other than the flnancial statements and our Report of the Independent Auditor5 thereon. Our oplnlon on the financial statements does not cover the other information and, except to the extent otherwlse explicitly stated In our report, we do not exp$$ any forni of assuran conclusion theOn. In connertion with our audlt of the financial statements, our responsibility is to read the other information and, in doing so, conslder whether the other Information is materlally inconsistent wlth the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misststed. If we identify such material inconsistencles or apparent rnateal misstatements, we are required to determirTre whether thls give5 rise to a material misstatement In the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other infomiatlon, we are required tt) report that fact. We have nothing to report in this regard. Matters on which we are required to report by exceptlon We have nothing to report in respect of the following matters where the Charltles (Acwunts and Reports) Regulatlons 2008 requires us to report to you if, in our oplnlon.. the information glven In the Report of the Trustees is inconsistent In any material respect with the financial statements- or the charitable company has not kept adequate accounting records. or the financlal staternents are not In agreement with the accountlng records and returns,. or we have not received all the information and explanations we require for our audit. Page 14
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF HEBDEN BRIDGE COMMUNITY ASSOCIATION LTD Responsibilities of trustees As explained more fvlly in the Ststement of Trustee5' Responsibilities, the trustees (who arè also the dirertors of the charitable company for the purposes of company law) are responsible for the preparation tsf the financial statements and for being satlsfied that they glve a true and falr view, and for such Intemal control as the trustees determlne Is necessary to enable the preparation of financial statements that a free from material mlsstatement, whether due to fraud tsr emr. In preparing the financial statements, the trustees are responsible for assessing the charitable company's abllity to continue as a go5ng concem, discloslng, as applicable, matters related to going concern and using the going concem basis of accounting unless the trustees either intend to Ilquldate the charftable company or to cease operatlons, or have no realistic alternative but to do so. Our responslbllitles for the audlt of the financial ststements We have been appointed as auditors under Section 144 of the ChatIeS Art 2011 and report In aceordance with the Act and relevant regulations made or hèvlng effect theunder. Our objectives are to obtain reasonable assurance about whether the flnanclal statements as a whole are free from material misstatement, whether due to fraud or error, and to Issue a Report of the Independent Auditors that Includes our oplnlon. Reasonable assurance Is a hlgh level of assurance, but is not a guarantee that an audSt conducted in accordance wlth ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or errtsr and are considered materlal If, Indivldually or in the aggregate, they could reasonably be expected to Influence the economlc declslons of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularitles, Includlng fraud is detailed below.. In identifying and assessTng risks of material misstatement in respect of Irregularities, including fraud and non-compliance with laws and regulations, our procedures include the following.. we obtained an understanding of the legal and regulatory framework5 applicable to the Company and the sector in which It operates. We determined the following laws and regulations were most slgnificant.. The Companies Act 2006, FRS 102 and Health and Safety Act. we obtained an understanding of how the Company Is complying with those legal and regulatory frameworks by making inquiries to the management. we assessed the susceptibility of the company's financial statements to material mSsstatement including how fraLJd might occur. Audlt procedures performed by the audit team included.. identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud. understandSng how those charged with govemance considered and addressed the potentlal of override of controls or other inappropriate influentr over the financial reporting process. challenging assumptions and judgements made by management in its significant accounting estimates. identifying and testing joumal entrles. assessing the extent of compliance with the relevant laws and regulations. A ftjrther descrlptlon of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This descriptlon forms part of our Report of the Independent Auditors. Page 15
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF HEBDEN BRIDGE COMMiINrrY ASSOCIATION LTD Use of our report This report Is made solely to the chatable Company's trustees, as a bodyi In accordance wlth Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we mlght state to the charitable company's trustees those matters we are required to state to them an auditors. report and for no other purpose. To the fullest extent perrnitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or ft>r the opinions we have formed. Cresswe115 Accountants (UK) Umlted Chartered Accountants and Statutory Auditors Eliglble to act as an auditor In terms of Sectlon 1212 of the Companles Act 2006 12 Market Street Hebden Bridge West Yorkshire HX7 6AD Date.. Page 16
HEBDEN BRIDGE COMMUNITY ASSOCXATION LTD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2024 2024 Total funds 2023 Total funds Unrestricted hjnds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 15,450 139,112 154,562 211,908 Charitable activities Income from Businesses Tenants Communlty Weddings and events Operational Refijrbishment & Improvements 13,131 198.323 44,300 25,689 26,343 13,131 198,323 44,300 25,689 26,343 11,770 205,231 40,525 23,990 32,525 3,367 Total 323,236 139,112 462,348 529,316 EXPENDITURE ON Charitable activities Tenants Communlty Wedding5 and events Operational CMBC - Staying Well Repairs Refurblshment & Improvements Regular Serviclng Micro Comrnissionlng Tt Active Calderdale Other Restricted Architertural Herltage Fund Climate Emergency Crucible staylng Well 2 Mental Health & Well being Hope 40606 - Warm Spaces 151 {345) {561 346,631 30,517 330 1,571 20,342 18,524 16,930 12,329 8,587 2,500 5,171 315,525 9,862 (9781 325,387 1978) 245 245 18,974 18,974 6,005 6,005 15,989 15,989 8,568 6,720 11,867 4,098 8,568 6,720 11,867 4,098 658 16,038 658 16,038 Total 335,402 78,169 413,571 463,182 NET INCOME/(EXPENDThURE) (12,166) 60,943 48,777 66,134 RECONCILIATION OF FUNDS Total funds brought fOard 2,304,934 1,134,456 3,439,390 3,373,256 TOTAL FUNDS CARRIED FORWARD 2,292,768 1,195,399 3,488,167 3,439,390 The notes forni part of these finanaal statements Page 17
HEBDEN BRIDGE COMMUNrrY ASSOCIATION LTD BALANCE SHEET 31ST AUGUST 2024 2024 Totsl funds 2023 Total funds Unrestricted funds Restricted funds Notes FXXED ASSETS Tangible assets Investments 11 2,729,698 12 996,114 3,725,812 3,713,692 2,729,699 996,114 3,725,813 3,713,693 CURRENT ASSETS Debtors Cash at bank and in hand 13 43,178 126,443 43,178 325,728 56,875 312,915 199,285 169,621 199,285 368,906 369,790 CREDThORS Amounts falling due wlthin one year 14 170,836} (70,836) {91,235) NET CURRENT ASSETS 98,785 199,285 298,070 278,555 TOTAL ASss LESS CURRENT UABILITIES 2,828,484 1,195,399 4,023,883 3.992,248 CREDfroRS Amounts falling due after more than one year 15 (535,715) {535,715} 1552,858) NET ASSETS 2,292,769 1, 195,399 3,488,168 3,439,390 FUNDS Unre5trirted funds.. General fund Designated fund Flood Fund Property Reserve Fund 18 1,827,182 405,587 20,000 40,000 1,832,141 427,793 15,000 30,000 2,292,769 2,304,934 Restricted funds: ERDF CMBC - Staying Well Co-op Funds Access Grant Micro-cornmissioning Staying Well Artive Calderdale Other Restricted 40603 - Climate Emergency 40605 - Staying Well 40604 - ArtSve Calderdale 40606 - Warm Spaces Crucible 40607 - Mental Health & Wellbeing 996,113 1,004,091 {12,785) 2,204 1,045 8,070 1,849 10,746 8,568 48,125 14,866 2,847 44,830 2,185 1,029 2,065 1,363 136,433 14,866 38,110 3,235 1,195,399 1,134,456 TOTAL FUNDS 3,488, 168 3,439,390 The notes fom) part of these flnancSal statements Page 18 continued...
HEBDEN BRIDGE COMMiINrrY ASSOCIATION LTD BALANCE SHEET- continued 31ST AUGUST 2024 The charitable company is entitled to exemption from audSt Lsnder Secbon 477 of the Companies Act 2006 for the year ended 31st August 2024. The members have not deposlted notice, pursuant to Section 476 of the Companies Art 2006 requiring an audit of these ftnancSal statements. The trustees acknowledge their responsibilities for (al ensuring that the charitable cornpany keeps accounting CordS that comply with Sections 386 and 387 of the Companies Art 2006 and preparing financial statements which give a true and falr view of the state of affalrs of the charltable company as at the end of each financial year and of its surplus or deficit for each financial year in accordan with the requirements of Sertions 394 and 395 and which otherwise omply with the quirementS of the Companies Act 2006 re5ating to flnancial statements, so far as applicable to the charltable company. {b) These financial statements have been audlted under the requlrements of Sectlon 145 of the Charltles Att 2011. The fina clal statements w approved by the Board of Trustees and authorised for issue on and were signed on its behalf by: J Morris Trustee The notes form part of these financSal statements Page 19
HEBDEN BRIDGE COMMUNITY ASSOCIATION LTD CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST AUGUST 2024 2024 2023 Notes Cash flows from operating activltles Cash generated from operations Interest paid 103,859 112,605) 106,613 {14,669) Net cash provided by operating actlvStles 91,254 91,944 Cash flows from investing adivities Purchase of tangible f5xed assets Sale of tangible fi'xed assets (61,298) 136,2641 Net cash used in investlng attivities {61,298) (36,263) Cash flows from financing artivltles Loan repayments in year {17,143) (17,143) Net cash used In flnancing activities 117,143) {17,143) Change in cash and cash equivalènts in the reporting period Cash and cash equivalents at the beginnlng of the reporting period 12,813 38,538 312,915 274,377 Cash and cash equivalents at the end of the reporting peri*xl 325,728 312,915 The notes form part of these financial statements Page 20
HEBDEN BRIDGE COMMUNTfY ASSOCIATION LTD NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST AUGUST 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATXNG ACTIVITIES 2024 2023 Net incorn¢ for the reportlng period (as pèr the Statement of Financial Activities) Adjustments for: Depreciation charges Loss on disposal of fixed assets Interest paid Decreasel{increase) in debtors DeCage in creditors 48,778 66,134 49,178 42,090 1,310 14,669 18,294) 19,296) 12,605 13,697 120,3991 Net cash provided by operatlons 103,859 106,613 ANALYSIS OF CHANGES IN NET DEBT At 1.9.23 Cash flow At 31.8.24 Net cash Cash at bank and In hand 312,915 12,813 325,728 312,915 12,813 325,728 Debt Debts falling due within l year Debts falllng due after l year 117,143) {552,858) (17,143) 1535,715) 17,143 1570,001) 17,143 1552,8581 Total 1257,0861 29,956 1227,1301 The notes form part of these financial statements Page 21
HEBDEN BIUDGE COMMUN ASSOCXATION LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 ACCOUNTING POUCIES Basis of preparlng the financial statements The financial statement5 of the charitable companyi which is a public benefit entlty under FRS 102, have been ppared in accordance with the Charitie5 SORP (FRS 1021 'Accounting and Reporting by Charltles: Statement of Recommended Practice applicable to charities preparing thelr accounts in accordantr with the Flnancial Reportlng Standard appllcèble in the UK and Republic of Ireland IFRS 1021 leffertive l January 20191., FinancSal Reporting Standard 102 'The Financlal Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Art 2006. The financlal statements have been prepared under the historical cost convention, wlth the exception of investments which are Included at market value. The charitable company meets the definltion of a public benefit entity under FRS 102. The functional and presentation currency of the charitsble company is consldered to be pound steding (£1 because that IS the currency of the pMary economlc environment In with the company operates. the financial statements have been prepared using round pounds only. Preparation of consolldated financlal statements The financial statements contaln information about Hebden Brfdge Communlty Associatlon Ltd as an individual company and do not contaln consolidated financial information as the parent of a group. The charity is exernpt under Section 39912A) Of the Companies Act 2006 from the requ1ments to prepare consolidated financial statements. Income All Income is recognlsed in the Statement of Financial Activities once the charSty has entitlement to the funds, it is probable that the Inctsme will be recelved and the amount can be measured reliably. Income is the amount derived from the provision of goods / serv1, and stated after trade discounts, other sales taxes and net of VAT. Donations and grants a CognIsed when the charitable company has been notified in writing of both the amount and settlement date. In the event that a donation or grant is subject to conditlons that requlre a level of perf0rrnan befo the charltable company is entitled to the funds, the Income is allocated to a separate $trIcted fund and recognised a5 those conditions are met. Dividends a recognised once the divldend has been declared and notification has been received of the dividend due. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructlve obligation committing the charity to that expendlture, It is probable that a transfer of economie benefits will be required in settlement and the amount of the obligatlon can be meastjred lIablY. Expenditure is accounted for on an accruals basls and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to actlvlties on a basis consistent with the use of sourCes. Grants offered subject to conditions which have not been met at the year end date a noted a5 commitment but not accrued as expenditure. Tangible fixed assets Depreclation is provided at the followlng annual rates In order to write off each asset over Its estlmated useful Ilfe. Ltsng leasehold Fixtures and flttSngs Computer equipment over the term of the lease 25% on cost 25Wo on cost Tangible fixed assets are Snltlalty corded at cost. Taxatlon The charity Is exempt from corporation tax on it5 charitsble artivities. Page 22 continued...
HEBDEN BRIDGE COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCXAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2024 ACCOUNTING POLICIES - contlnued Fund accounting Unrestricted funds can be used in accordan with the charitable objertives at the discretlon of the trustee5. Restricted funds can only be used for particular restrirted purposes within the objetts of the charity. Restrictions arise when specified by the dtsnor or when fiknds a raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial ststements. Pension costs and other post-retirement benefit$ 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 Artivities in the period to which they relate. Invèstménts in subsidiary undertakings Investments in subsidiary undertakings are initially cOrded at costs with consideration taken ft)r any dirninution in value with 15 expected to be permanent. DONATIONS AND LEGACIES 2024 2023 Donations Grants Dividends from subsidiary 4,753 139,109 10,700 3,526 205,685 2,697 154,562 211,908 Grants received, included in the above, are a5 follows: 2024 2023 CMBC - Staying Well other Operational UnstriCed Micro-commissioning Staying Well Aciive Calderdale other Restricted Architectural Heritage Fund Climate Emergency Warm Spaces Crucible staying Well 2 Mental Health & Wellbeing Other grants 17,747 29,375 12,241 7,258 18,779 34,146 8,972 (10,750) 2,847 50,000 9,870 1,383 16,037 94,234 7,333 (7,495) 52,817 139,109 205,685 Page 23 continued...
HEBDEN BRIDGE COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2024 INCOME FROM CHARITABLE ACTIVZTIES Tenants Business Communlty Weddings and events Rental income & room hire Recharge of facllltles other income 185,940 12,383 13,131 44,300 25,689 198,323 13,131 44,300 25,689 Operatlonal Reftjrblsh 2024 2023 Rental income & room hire Recharge of facilities Other Income 7,966 1,735 16,642 277,026 14,118 16,642 268,311 37,242 13,927 26,343 307,786 320,685 CHARITABLE ACTIVITIES COSTS Grant funding of attivities (see note 51 Support costs (see note 6) Direct Costs Totals Operational CMBC - Staylng Well Repairs Regular Servicing Micro Commissioning Tl Other Restricted Climate Emergency Cruclble staying Well 2 Mental Health & Well being Hope 40606- Warm Spaces 298,777 (9781 245 18,974 2,563 24,046 325,386 (978) 245 18,974 6,005 15,989 8,568 6,720 11,867 4,098 658 16,038 6,005 15,989 8,568 3,720 11,867 2,981 658 16,038 3,000 1,117 376,839 12,685 24,046 413,570 GRANTS PAYABLE 2024 2023 Operational Micro Commlsslonlng Tt Crucible Mental Health & Well being 2,563 6,005 3,000 1,117 9,443 12,685 9,443 The total gTrnts paid to instltutions during the year was as follows.. 2024 2023 Mental Health & Wellbelng 9,685 Page 24 continued...
HEBDEN BRIDGE COMMUNrtY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2024 SUPPORT COSTS Governance costs Management Totals Operational 12,605 11,441 24,046 Support costs, included In the above, are as follows: Management 2024 2023 Total activlties Operatlonal Bank loan Inte5t 12,605 14,669 Governance cogts 2024 2023 Total attivities Operational Auditors, remuneration Accountancy & bookkeeping fees Legal fees 3,000 5,502 2,939 3,642 8,973 14,786 ii,Hi 27,401 NET INCOME/(EXPENDrruRE) Net Incomellexpenditurel is stateij after charging/lcredlting)'. 2024 2023 Auditors, remuneration DepreciatSon - owned assets Deflcit on disposal of fixed assets 3,000 49,178 3,642 50,592 1,310 TRUSTEES, REMUNERATXON AND BENEFITS There We no trustees, remuneration or other benefits for the year ended 31st August 2024 nor for the year ended 31st August 2023. Trnstees. expènses There We no trustee5' expenses paid for the year ended 31st August 2024 nor for the year ended 315t ALJ¢JUSt 2023. STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 156,682 8,117 7,620 155,838 6,763 7,282 172,419 169,883 Page 25 continued...
HEBDEN BRIDGE COMMUNrrY ASSOCIATION LTD NOTES TO THE FINANCXAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGusf 2024 srAFF COSTS - contlnued The average monthly number of employees durfng the year was as follows: 2024 12 2023 io Catering Cleaning Admlnlstration li 12 25 24 No employees received emoluments in excess of £60,000. The Remuneratlon of the executlve director (who Is neither a board member or trustee) was £37,486 (2023.. £34,934). Staff costs of £124,079 (2023.. £114,830) were incurred in respect of the subsldiary undertaklng and a5 such these costs have been transferred to the subsidiary undertaking. 10. COMPARATJVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES UnreStCted funds Restrlcted fund5 Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 33,435 178,473 211,908 Charitable activities Income from Businesses Tenant5 Community Weddings and events Operational Refurblshment & Improvernents 11,770 205,231 40,525 23,990 32,525 3,367 11,770 205,231 40,525 23,990 32,525 3,367 Total 350,843 178,473 529,316 EXPENDITURE ON Charltable artivities Tenants Community Weddings and events Operational CMBC Staylng Well Repairs Refurbishment & Improvements Regular Servicing Micro Commlssloning Tt Active Calderdale Other Restricted Archltectural Heritage Fund Climate Emergency Crucible 151 (3451 1561 337,188 151 1345) 156} 346,631 30,517 330 1,571 20,342 18,524 16,930 12,329 8.587 2,500 5,171 9,443 30,517 330 1,571 20,342 18,524 16,930 12,329 8,587 2,500 5,171 Totsl 359,181 104,001 463,182 NET INCOME/(EXPENDThURE) 18,338) 74,472 66,134 RECONCILIATION OF FUNDS Total funds brought forward 2,313,272 1,059,984 3,373,256 Page 26 ontinued...
HEBDEN BRIDGE COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2024 10. COMPARATIVES FOR THE STATEMENT OF FXNANCIAL ACTIVITIES - continued Unrestrirted Restricted nds funds Total funds TOTAL FUNDS CARRIED FORWARD 2,304,934 1.134,456 3,439,390 11. TANGIBLE FXXED ASSETS Fixtures and fittirbgs Long leasehold Computer equlpment Totals COST At 1st September 2023 Additions 4,030,164 31,462 192,303 25,881 68,181 3,955 4,290,648 61,298 At 31st August 2024 4,061,626 218,184 72,136 4,351,946 DEPRECIATION At 1st September 2023 Charge for year 365,682 41,110 147,848 4,306 63,426 3,762 576,956 49,178 At 31st August 2024 406,792 152,154 67,188 626,134 NET BOOK VALUE At 31st August 2024 3,654,834 66,030 4,948 3,725,812 At 31st August 2023 3,664,482 44,455 4,755 3,713,692 12. FIXED ASSET INVESTMENTS Shares in group undertakings MARKET VALUE At 1st September 2023 and 31st August 2024 NET BOOK VALVE At 31st August 2024 At 31st August 2023 There were no investment assets outside the UK. The company's Investments at the balan sheet date in the share capltal of eompanles include the followlng.. The Town Hall ca Limited Registered offi¢e.' Hebden Bridge, Town Hall, St George Street, Hebden Brfdge, HX7 7BY Nattjre of business.. Café Class of share.. Ordinary htslding loo 2024 2023 Agggate capital and reserves Profit for the year 15,872 9,796 16,776 10,700 Page 27 continued...
HEBDEN BRIDGE COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS - continu¢d FOR THE YEAR ENDED 31ST AUGUST 2024 13. DEBTORS: AMOUNTS FALLING DUE WThHIN ONE YEAR 2024 2023 Trade debtors Amounts owed by group undertaklngs Other debtors Prepayments and accrued Income 18,916 7,354 45 16,863 38,341 1,134 708 16,692 43,178 56,875 14. CREDITORS: AMOUNTS FALLING DUE WHIN ONE YEAR 2024 2023 other loans (see note 16) Trade creditors Social security and other taxes VAT other credltors Accruals and deferred Income 17,143 4,084 4,457 14,473 5,992 24,687 17,143 10,044 2,616 8,731 25,104 27,597 70,836 91,235 15. CREDrroRS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 other loans (see note 16) 535,715 552,858 16. LOANS An analysis of the MatUty of loans is given below: 2024 2023 Amounts falllng due within one year on demand.. Calderdale NBC loan 17,143 17,143 Amounts falling between one and two years- Calderdale MBC loan 17, 143 17,143 Amounts falllng due beeen two and five years: Calderdale MBC loan Calderdale MBC loan 15,000 51,429 15,000 51,429 66,429 66,429 Amounts falling due in rn0 than flve years.. Repayable by instalments.. Calderdale NBC loan Calderdale MBC loan 15,000 437,143 452,143 15,000 454,286 469,286 Page 28 Continued...
HEBDEN BRIDGE COMMUNfTY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2024 17. SECURED DEBTS The followlng secured debts are Included wlthln credltors: 2024 2023 Calderdale MBC loans 552,858 570,OQI Other loans are secured by way of a charge over the leasehold hebden bNdge council off1tt5 {title number WYK9324461 and a fixed and floating charge over all property or undertaking of the company- 18. MOVEMENT IN FUNDS Net movement In funds Transfer5 between funds At 31.8.24 At 1.9.23 Unrestricted fund$ General ftjnd Designated fvnd Flood Fund Property Reserve Fund 1,832,141 427,793 15,000 30,000 10,041 (22,206) 115,0001 1,827,182 405,587 20,000 40,000 5,000 10,000 2,304,934 {12,1651 2,292,769 Restricted funds ERDF CMBC - Staying Well Co-op Funds Access Grant Mi¢m-Commlsslonlng Staylng Well Active Calderdale Other Restricted 40603 - Cllmate Emergency 40605 - Staylng Well 4D604 - Active Calderdale 40606- Warm Spas Crucible 40607 - Mental Health & Wellbeing 1,004,091 112,785) 2,204 1,045 8,070 1,849 10,746 8,568 48,125 14,866 2,847 44,830 (7,9781 18,725 1191 1161 (6,0051 (1,849) (9,383) {8,568) 82,368 996,113 15,940) 2,185 1,029 2,065 1,363 5,940 136,433 14,866 {2,847) {6,720) 3,235 38,110 3,235 1,134,456 60,943 1,195,399 TOTAL FUNDS 3,439,390 48,778 3,488,168 Page 29 continued...
HEBDEN BRIDGE COMMUN ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31ST AUGUST 2024 18. MOVEMENT IN FUNDS- eontinued Net movement in funds, included In the above are as follows.. Incomlng resource5 Resour5 expended Movement In funds Unrestrlctod funds General fund Designated fund 323,236 1313, 195) (22,206) 10,041 {22,2061 323,236 {335,4011 (12,165) Restricted fund$ ERDF CMBC Staying Well Co-op Funds Access Grant Micro-commissloning Stsying Well Active Calderdale Other Restricted 40603 - Cllmate Emergency 40605 - Staying Well 40606 - Warm sPas Crucible 40607 - Mental Heèlth & Wellbeing (7,978) 978 (19) (16) {6,005} {1,8491 {15,9891 18,568) (11,867) (16,038) 16,720) {4,0981 {7,9781 18,725 119) {16) 16,005) 11,849} {9,3831 (8,5681 82,368 (2,847) 16,720) 3,235 17,747 6,606 94,235 13,191 7,333 139,112 {78,169) 60,943 TOTAL FUNDS 462,348 1413,570) 48,778 Page 30 continued...
HEBDEN BRXDGE COMMUNITY ASSOCIATION LTD NOTES TO THE FXNANCIAL STATEMENTS- contiTrued FOR THE YEAR ENDED 31ST AUGUST 2024 18. MOVEMENT IN FUNDS - continued Comparntives for movement in fund$ Net movement in funds At 31.8.23 At 1.9.22 Unrestricted funds General fund Designated fvnd Flood Fund Property Reserve Fund 1,840,479 427,793 15,000 30,OL)O 18,338) 1,832,141 427,793 15,OLIO 30,000 2,313,272 (8,3381 2,304,934 Restricted funds ERDF CMBC - Stsylng Well Flood Flood Stories Co-op Funds Access Grant Micro-commissioning Staying Well Actlve Calderdale Other Restritted Architectural Herftage Fund 40603 - Climate Emergency 40605 - Staying Well 40604 Active Calderdale 40606 - Warm Spo$ Crucible 1,012,594 {2,268) 580 326 2,222 1,061 19,337 (8,5031 1,004,091 110,5171 {12,785) {580} 1326) {18) (16) (11,267) 1,849 3,410 3,021 113,2491 48,125 14,866 2,847 44,830 2,204 1,045 8,070 1,849 10,746 7,336 {3,021) 21,817 8,568 48,125 14,866 2,847 44,830 1,059,984 74,472 1,134,456 TOTAL FUNDS 3,373,256 66,134 3,439,390 Page 31 continued...
HEBDEN BRIDGE COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2024 18. MOVEMENT IN FUNDS- ¢ontinued Comparntive net movement In funds, included in the above are as follows.. Incoming resources Resources expended Movement In funds Unrèstricted funds Gertreral fvnd 350,843 (359,181) {8,3381 Restricted funds ERDF CMBC - Staying Well Flood Flood Stories Co-op Funds Access Grant Micro-Commi5sioning StsySng Well Actlve Calderdale Other Restcted ArchitectLJral Heritage Fund 40603 - Climate Emergency 40605 Staylng Well 40604 - Active Calderdale 40606 - Warm Spaces Crucible 18,5031 123,6421 (5801 (3261 {18) (16) (18,524) 116,9301 112,3291 18,587) 12,500) {6,875) 18,503) (10,517) {5801 (3261 1181 {16) (11,267) 1,849 3,410 3,021 {13,249) 48,125 14,866 2,847 44,830 13,125 7,257 18,779 15,739 11,608 110,749) 55,000 14,866 2,847 50,001 (5,1711 178,473 {104,001) 74,472 TOTAL FUNDS 529,316 (463,1821 66, 134 A current year 12 months and prior year 12 months combined posltion is as follows: Net movement in ftjnds Tran5fer5 between funds At 31.8.24 At 1.9.22 Unrestrirted funds General fund Designated fund Flood FLJnd Property ReSee Fund 1,840,479 427,793 15,000 30,000 1,703 {22,2061 (15,ODO} 1,827,182 405,587 20,000 40,000 5,000 10,000 2,313,272 120,5031 Restricted funds ERDF CMBC - Staylng Well Co-op Funds Access Grant Micro-Cornmi5sioning Staylng Well other Restricted 40603 - Climate Emergency 40605 - Staying Well 40604 - Active Calderdale Crucible 40607 - Mental Health & Wellbelng 2,292,769 1,012,594 12,268} 2,222 1,061 19,337 7,336 21,817 116,481) 8,208 (37) (32) 117,272 } (5,9731 121,8171 130,493 14,866 38,110 3,235 996,113 (5,940) 2,185 1,029 2,065 1,363 5,940 136,433 14,866 38,110 3,235 1,062,099 133,300 1,195,399 TOTAL FUNDS 3,373,256 114,912 3,488,168 Page 32 continued...
HEBDEN BRIDGE COMMUNITY ASSOCIATION LTO NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2024 18. MOVEMENT IN FUNDS- contlnued A current year 12 months and prior year 12 months combined net movement In funds, Included In the above are as follows= Incoming resources Resources expended Movement in fLJnds Unrestricted funds General fund Designated fund 674,079 (672,3761 122,2061 1,703 (22,206) 674,079 1694,5821 (20,503) Restricted funds ERDF CMBC Staying Well Co-op Funds Access Grant Micro-Commis5ioning Staying Well Artive Calderdale Other Restrlcted 40603 - Cllmate Emergency 40605 - Staying Well 40604 - Atiive Calderdale 40606 - Warm Spaces Crucible 40607 - Mental Health & Wellbetng (16,4811 {22,6641 1371 1321 {24,5291 {18,7791 {28,3181 {11,0681 (18,7421 (16,481) 8,208 (37) (32) (17,272) 30,872 7,257 18,779 22,345 110,749} 149,235 14,866 16,038 50,001 7,333 15,973) (21,817) 130,493 14,866 {16,038) {11,891) (4,098) 38,110 3,235 305,977 1172,677) 133,300 TOTAL FUNDS 991,664 1876,752) 114,912 Designated fund In 2010 the leasehold buIdIng known as Hebden Bridge Town Hall was gifted to the charity by CMBC the value of the gift in 2010 was £450,000. Flood Fund This fund has been deslgnated to ensure that the associatlon can met any unlnsured costs Incurred by future floods. Property Reserve This fund ha5 been designated to allow for future replacement costs to buildings, plant equiprnent and fixture5. ERDF 15 represented by grants received in order to aid the building of the extension to the town hall. CMBC Staying Well The Staying Well scheme was set up to ensure older people and people with dementia have somewhere to go to socialise and interact wlth others. The grants glven are for the admlnlstratlon of this scheme within Hebden Bridge. Flood Stories This is a grant from Community Foundation for Calderdale which was given to tell stories about the flood including the Waving not Drowning Film, Flood Stories for the Map Chair and to tell HBCA'S own story. Page 33 continued..
HEBDEN BRIDGE COMMUNITY ASSOCIATION LTD NOTES TO THE FINANCIAL STATEMENTS - ¢offttinued FOR THE YEAR ENDED 31ST AUGUST 2024 19. RELATED PARTY DISCLOSURES The charitable company has taken advantage of exemption, under the terms of Flnanclal Reportlng standard 102 'The Financial Reporting Standard applicable in the UK and Republlc of Iland,, not to disclose related party transactions wlth wholly owned subsidiaries within the group. The were no other related party transactions for the year ended 31 August 2024. Page 34
HEBDEN BRIDGE COMMUNITY ASSOCIATION LTD DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2024 2024 2023 INCOME AND ENDOWMENTS Donations and le9acies Donations Grants DSvidends from subsidiary 4,753 139,109 10,700 3,526 205,685 2,697 154,562 211,908 Charitable activities General other income 295,965 11,821 306,941 10,467 307,786 317,408 Total incoming resources 462,348 529,316 EXPENDITURE Charitable artivitiès Wages Social security Pensions Rates and water Insurance Llght and heat Telephone Postage and statlonery Advertising Sundries Repairs & malntenan Cleaning Computer repairs & maintenance Licences Room hi Subscription5 Employee & volunteer expenses Employee training Bad debts Bank & paypal charges Contrlbution towards operational costs Long leasehold fixture5 and fittings Computer equipment Loss on sale of tangible fixed assets Grants to in5titutlons 156,682 8,117 7,620 8,627 15,228 60,376 278 1,613 10,471 143 28,777 10,966 17,383 1,076 155,838 6,763 7,282 7,362 12,651 53,112 357 1,714 4,469 995 53,403 9,418 16,456 753 26,082 1,260 1,844 4,278 1,729 1,386 2,079 (137) 3,223 4,232 33,117 4,322 3,762 29.284 8,502 4,304 1,310 9,443 12,685 389,524 421,112 Support costs Management Bank loan interest 12,605 14,669 Govérnance costs Auditors, remuneratlon Carried forwvard 3,000 3,000 3,642 3,642 Thls page does not form part of the ststutory ftnancial statements Page 35
HEBDEN BRIDGE COMMUNITY ASSOCIATION LTD DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGiIST 2024 2024 2023 Governance costs 8rought forward Accountancy & bookkeeping fees Legal fees 3,000 5,502 2,939 3,642 8,973 14,786 11,441 27,401 Totsl reSoUrS expended 413,570 463,182 Net income 48,778 66,134 This page does not form part of the statutory financial statements Page 36