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← One Community Foundation Limited

2025-03-31-accounts

Charity registration number 1135258 (England and Wales)

Company registration number 7100811

ONE COMMUNITY FOUNDATION LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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ONE COMMUNITY FOUNDATION LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees 1H Brierley
J W Bell
JR Charlesworth
E Archer-Firth
J P Garside
Q Mahmood
AJ Raw
B Sykes
N TTaylor
JH Thornton
Chairman JW Bell
Finance Director B Sykes
Seniormanagement HAustin Chief executive officer
Charity number 1135258
Company number 7100811
Registered office 13 Railway Street
Huddersfield
United Kingdom
HDi 1JS
Auditor BK PlusAudit Limited
52 St Johns Lane
Halifax
West Yorkshire
England
HX1 2BW
Bankers National Westminster Bank Pic
8 Market Place
Huddersfield
West Yorkshire
HD1 2AL
Financial Advisers Robertson Baxter Limited
The Mill
150 Penistone Road
Shelley
Huddersfield
HDB 8JQ
Fund Managers CCLAInvestmentManagement
Senator House
85 Queen Victoria Street
London
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ONE COMMUNITY FOUNDATION LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Solicitors

Chadwick Lawrence LLP 13 Railway Street Huddersfield West Yorkshire HD1 1JS

ONE COMMUNITY FOUNDATION LIMITED

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CONTENTS

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Page
Chairman's Statement 1
Trustees' report 2-9
Statement oftrustees’ responsibilities 10
Independent auditor's report 11-14
Statement offinancial activities 15-16
Balance sheet 17
Statement ofcash flows 18
Notes{othefinancialstatements 19-39

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| ; oe ONE COMMUNITY FOUNDATION LIMITED | CHAIRMAN'S STATEMENT : FOR THE YEAR ENDED 31 MARCH 2025

: funds and grants awarded to us by other organisations for onward distributions across Kirklees. Our two key objectives remain: ¢ Increase (and not redirect) local giving * Make a sustainable improvement in local communities | The charity landscape continues to be shaped by rising demand for support, a complex funding environment, and : widening inequalities. Inflation may have stabilised this year, but its legacy persists—especially among communities : already under pressure. Many of the charities and grassroots groups we support are still navigating the : repercussions of higher operating costs, staffing constraints, and increased service demand. Against this backdrop, we secured further support from the Household Support Fund and other aligned bodies. Our | work to expand and stabilise funding sources led to a total grant allocation of £1,221,297 across 307 awards. Yet ; demand continues to outstrip available resources: of the 502 applications received, 196 were unsuccessful and many recipients only received partial funding. At the heart of our mission is making local philanthropy accessible and effective. Our donors—individuals, families, ) and institutions—are the driving force behind our work. Their continued trust empowers us to match funding with : community needs in a way that is both responsible and impactful. : We recognise that while issuing grants is a relatively straightforward task, the true labour lies in delivery. It is our : local partners who shoulder the responsibility of turning financial support into tangible outcomes. Their dedication, especially in times of limited capacity and and growing expectations, continues to inspire us all. | We remain grateful for our professional partners who support our work. Their contributions—in office space, legal : and financial services, payroll, and more—allow us to uphold both quality and efficiency. These collaborations demonstrate the power of sector-wide solidarity and philanthropy. : | also extend heartfelt thanks to our trustees, directors, volunteers, members and the tireless staff team, led by : Hayley, whose stewardship has helped us navigate the chalienges and opportunities of 2024/25 2024/25 with resilience and grace. From grants panel members to governance advisors, every individual involved plays a a vital role in our story. : It's a privilege to work alongside people so committed to supporting our local communities. As we adapt to new | regulations and shifting sector priorities, we we remain focused on our key objectives ! Joanne W Bell : Chair

I'm proud to present the annual report and accounts for One Community Foundation for the year 2024/25, a period marked by both challenge and transformation across the charity sector.

Our principal activity remains awarding grants to charitable causes—funded by income generated from our invested funds and grants awarded to us by other organisations for onward distributions across Kirklees. Our two key objectives remain:

We recognise that while issuing grants is a relatively straightforward task, the true labour lies in delivery. It is our local partners who shoulder the responsibility of turning financial support into tangible outcomes. Their dedication, especially in times of limited capacity and and growing expectations, continues to inspire us all.

We remain grateful for our professional partners who support our work. Their contributions—in office space, legal and financial services, payroll, and more—allow us to uphold both quality and efficiency. These collaborations demonstrate the power of sector-wide solidarity and philanthropy. | also extend heartfelt thanks to our trustees, directors, volunteers, members and the tireless staff team, led by Hayley, whose stewardship has helped us navigate the chalienges and opportunities of 2024/25 2024/25 with resilience and grace. From grants panel members to governance advisors, every individual involved plays a a vital role in our story. It's a privilege to work alongside people so committed to supporting our local communities. As we adapt to new regulations and shifting sector priorities, we we remain focused on our key objectives

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ONE COMMUNITY FOUNDATION LIMITED

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2025

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The trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's' Memorandum and Articles of Association, the Companies Act 2006 and “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).

Objectives and activities

One Community is a non-profit organisation that provides independent funding for voluntary community action throughout Kirklees. The Foundation was incorporated in 2009, and was registered as a charity in March 2010.

The aim of the organisation is to inspire organisations and individuals to invest in the local community in order to establish a number of endowment / charitable funds. We connect people who care with causes that matter.

Working with our donors, we award funding to community groups supporting children, adults, older people and people living with disabilities to take part in initiatives promoting community cohesion, education, sports, health; and many other local good causes.

The Foundation provides a trusted and professional service to enable philanthropic giving and guarantees good stewardship of funds. Over time the funds will generate increasing levels of income which will be utilised to provide grants for non-profit groups. The funding required to help local voluntary groups far outstrips what we can so far provide, and so we continue to seek donations.

We aiso welcome gifts in the form of legacies, land, property, trusts and shares. We are grateful to our existing donors for their generosity and we have welcomed several new donors this year.

We are extremely grateful to our professional partners for supplying us with the following services free of charge:

Without this help, and general support in all areas, the Foundation would find progress extremely difficult.

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| Achievements and performance | Significant activities and achievements against objectives ! Review of the year The 2024/25 financial year has been defined by both persistent challenges and remarkable progress. As the legacy : of the cost-of-living crisis continues to affect individuals and families across our region, One Community Foundation has remained resolute in its mission to provide vital support to those most in need, This commitment was : exemplified through our administration of the Dewsbury Moor project, funded by Big Loca! through the National Lottery. Dewsbury Moor is one of the most deprived areas of Kirklees, and we are proud to have played a role in delivering resources and opportunities that make a tangible difference to the lives of local residents. We recognise the resilience and dedication of our staff, volunteers, partners, and supporters, whose collective : efforts have enabled us to respond with compassion, agility, and purpose, | Public Benefit & Community Impact in line with our charitable objectives, the main activity of the organisation is to award grants to charitable causes from income that is received or generated, generated, | The Trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have | due regard to the public benefit guidance published by the Charity Commission for England and Wales. | We have delivered tangible public benefit through:

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Do ONE COMMUNITY FOUNDATION LIMITED TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

in line with our charitable objectives, the main activity of the organisation is to award grants to charitable causes from income that is received or generated, generated,

* Providing grants to charitable causes

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Financial Overview

Despite ongoing funding pressures, we have maintained financial stability through:

Prudent financial management and cost controls followed by regular review of our plans

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Strategic planning to mitigate risks associated reduced public funding

Diversification of income streams, including new grant partnerships and developing plans for community fundraising

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ONE COMMUNITY FOUNDATION LIMITED

TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and Highlights

Our work in Dewsbury Moor with Big Local will have a tasting positive and more importantly sustainable impact in the area, we will close out of this project by the end of 2025 however the legacy of infrastructure support for groups in the area will run for at least 2 years

Increased Outreach: To better address the heightened needs, we have expanded our outreach, ensuring that more organisations who support vulnerable people are aware of the support available to them.

Enhanced Support Services: We have funded initiatives aimed at providing comprehensive support, including financial literacy, and mental health resources, to help beneficiaries build resilience.

Community Partnerships: Strengthening our collaborations with local organisations has allowed us to leverage additional resources and expertise, enhancing the overall impact of our grants.

Committed to supporting small organisations: During the year we deepened our commitment to supporting small, constituted grassroots organisations many who are volunteer lead and not of a size to become a registered charity but who are delivering significant impacts locally, by introducing funds designed specifically for them.

Looking Ahead

As we move forward into 25/26 our priorities include

Financial Summary

Total Applications Processed: 502 Total Grants Awarded: 307 Total Amount Distributed: £1,221,297

Members of a national network Although we are an independent organisation, we are part of a wider, national Community Foundation movement. We are an accredited member of UKCF who act as a national voice for Jocal communities.

They are the membership organisation for the UK’s 47 accredited community foundations: the only national network of charitable funders with a physical presence in every part of the UK.

Collectively Community Foundations are the 4th largest funder in the UK.

UKCF has a single purpose — to support community foundations and our mission is therefore to provide inspirational leadership and advocacy at a national level for community foundations across the UK by delivering training, resources and a national profile to enhance and sustain their support of local communities.

UKCF Accreditation

The Foundation holds Quality Accreditation (QA), which allows One Community to distribute national funding programmes across Kirklees. The QAS5 accreditation took place in July 2021. Although the Charity Commission no longer formally endorses this accreditation scheme, the assessment system is based on a series of recommendations made by the Charity Commission and covers areas such as governance and financial management. One Community were pleased to be awarded its accreditation for the fifth time.

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ps ONE COMMUNITY FOUNDATION LIMITED | TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Volunteers

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We are very grateful for the significant contribution made by our volunteers throughout the organisation, for administration support, grant panel participation, and for serving as both members and trustees. Our office volunteers, Sarah Brierley and Louis Whittle-Adams, for their work processing grant applications and website design and content. Their support is greatly valued and plays a vital part in the continued success of the Foundation.

Fundraising disclosures

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The Foundation is committed to seeking funding from a wide range of sources, ensuring that income streams are diversified and One Community is not overly reliant on any single source of funding.

Endowment Fundraising

The Foundation continues to seek ways of attracting endowment and charitable donations in cash or in kind, mainly through legacies, major donations and the transfer of dormant trusts.

| New funding programmes | The Foundation continues to seek ways of attracting endowment / charitable funds, and charitable donations in | cash or in kind, mainly through legacies, major donations and the transfer of dormant trusts. | Grant making : In 2024/25, the Foundation awarded 306 grants with a value of £1,221,297 (2023/24: 388 grants, with a value of | £1,701,320). | Year Number of of Value of Regular Regular Capital Appreciation Appreciation Total _ValueValue _of

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| Year Number of of Value of Regular Regular Capital Appreciation Appreciation Total _ValueValue _of
Grants Grants Drawdown Awarded
| 2017/18 174 £472,062 £30,707 £202,768
| 2018/19 206 £317,071 £30,707 £347,778
2019/20 251 £293,083 £13,329 £306,412
| 2020/21 462 £1,156,335 £8,541 £1,164,876
| 2021/22 249 £685,577 £19,760 £705,337
2022/23 321 £1,027,269 £63,889 £1,091,158
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2023/24 388 £1,641 ,085 £60,235 £1,701 ,320
2024/25 307 £1,178,272 £43,025 £1,221,297
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: No single grant awarded was material to the accounts. | All grants awarded during the year met the objectives and aims of the charity. | Supporting Kirklees communities | One Community has the local expertise to enable donors to effectively reach the small, front-line charities and community groups that are making a positive difference in Kirklees. The Foundation offers individual donors, companies and grant making trusts a unique local giving service; which is simple, personal and successful.

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ONE COMMUNITY FOUNDATION LIMITED TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

We know the local charities in Kirklees, their strengths and what they can achieve if they get the support they need - support that our stakeholders can provide, by:

‘ Establishing a named fund to support their giving interests

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Endowment funds
: Baxter Family Fund
Charlesworth Community First Fund
- Davy Grassroots Fund
- Deighton and Brackenhall Initiative Grassroots Fund
- General Grassroots Fund
- General Community First Fund
‘ Hazel Charlesworth Community First Fund
- John L Brierley Limited Grassroots and Community First Funds
- Kirklees Community First Fund
: Kirklees Police Community First Fund
- Longley Farm Grassroots and Community First Funds
‘ Midway Equities Community First Fund
- Stephen Wood Community First Fund
- Westerman Bequest Grassroots Fund
- Be More Mandy Fund
 Longley Hott Wind Farm
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Charitable funds

: The General Fund

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Flow-through funds
- Bright Green Community Trust
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Financial review

Total incoming resources for the year decreased to £1,548,092 (2024 : £1,940,897 ), Total resources expended decreased to £1,437,703 (2024 : £1,887,434) and net expenditure was £237,514 (2024 : income £148,570). The net assets of the charity at 31 March 2025 were £3,923,800 compared with £4,161,314 at 31 March 2024.

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oe ONE COMMUNITY FOUNDATION LIMITED | TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

| Reserves policy | The trustees have agreed a reserves policy which ensures a cash reserve of at least six months current expenditure : on operating costs to cover any unexpected eventualities. Reserves are kept to a minimum so that monies can be : distributed to fund the causes supported by the charity. | | | Investment policy The objective of the investments is to create a portfolio with the capital investment preserved, but also to generate | as much income as possible to distribute to good causes. The performance of the investments have a direct result : on the distributable income of the charity, and, with this in mind, a moderately cautious approachPp to investment risk | is taken.

The trustees regularly compare and assess the risk in the investment portfolio against the desired level of risk.

Structure, governance and management

Nature of governing document

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The charity is governed by its governing document and constitutes a company limited by guarantee, as defined by the Companies Act 2006.

The governing instrument under which the company operates is its Memorandum and Articies of Association dated 9 December 2009 as modified by a written resolution dated 24 February 2010.

The trustees are treated as directors for Companies Act purposes.

The liability of the members is limited to £10 each. Accumulated funds are not distributed to the members.

| The trustees, who are also the directors for the purpose of company law, and who served during the year and up to : the date of signature of the financial statements were: | H Brierley JW Bell : JR Charlesworth | E Archer-Firth Q Mahmood | J P Garside : M A Peacock (Resigned 16 July 2024) AJ Raw B Sykes N T Taylor JH Thornton

| Recruitment and appointment of trustees ) Any person who is willing to act as a trustee, and Is permitted by law to do so, may be appointed to be a trustee, by : ordinary resolution or by a decision of the trustees. Trustees appointed by a decision of the trustees shall be : required to retire from office at the subsequent annual general meeting unless they are appointed by an ordinary | resolution of members, members, who are recruited to provide a representation of the the whole of Kirklees community. | Organisational structure | Hayley Austin (CEO) Permanent , Beata Zbrojny Permanent Grants Officer, Ellie Harriss Grants Officer, Permanent Hannah Taylor Grants Manager Dewsbury Moor, Fixed Term Appointment. Sarah Brierley Grants Officer Volunteer, Louis Whittle-Adams Website design and content, Volunteer.

Any person who is willing to act as a trustee, and Is permitted by law to do so, may be appointed to be a trustee, by ordinary resolution or by a decision of the trustees. Trustees appointed by a decision of the trustees shall be required to retire from office at the subsequent annual general meeting unless they are appointed by an ordinary resolution of members, members, who are recruited to provide a representation of the the whole of Kirklees community.

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\ ONE COMMUNITY FOUNDATION LIMITED \_ TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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Members

Membership is open to individuals and organisations that apply directly to One Community and are subsequently approved by the Trustees. Membership is intended to be representative of identified community interests in Kirklees. We are most grateful to all company members for their continued support, both financially and in terms of the time they have given up.

We have continued to strengthen our governance and operational frameworks to ensure transparency, efficiency, and ethical practice:

Policy list

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: governance training and kept informed about developments developments in charity law. Arrangements for setting key management personnel remuneration setting key management personnel remuneration key management personnel remuneration management personnel remuneration personnel remuneration remuneration The pay of Foundation staff is reviewed on a regular basis by the trustees. All trustees give their time freely and none received remuneration in the year. | Other matters : investment sub-committee | As the core activity of the charity is to manage endowment/ charitable funds to create revenue for the benefit of the : Kirklees community and voluntary groups, the trustees have adopted an investment strategy which will be reviewed on an annual basis.

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| | oe ONE COMMUNITY FOUNDATION LIMITED TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) : FOR THE YEAR ENDED 31 MARCH 2025

induction and training of trustees

Trustees are provided with an induction pack outlining their roles and responsibilities, offered appropriate governance training and kept informed about developments developments in charity law. Arrangements for setting key management personnel remuneration setting key management personnel remuneration key management personnel remuneration management personnel remuneration personnel remuneration remuneration The pay of Foundation staff is reviewed on a regular basis by the trustees.

The Board has appointed a specialist investment sub-committee to oversee the application of this strategy.

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The members of the Investment Committee as of 31 March 2025 are:

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Risk Management | The trustees have established a register 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 register is reviewed annually.

Auditor

’ In accordance with the company's articles, a resolution proposing that BK Plus Audit Limited be reappointed as : auditor of the company will be put at a General Meeting. i Disclosure of information information to auditor

Disclosure of information information to auditor Fach of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees’ report was approved by the Board of Trustees.

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JW Bell B Sykes
Trustee Trustee
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Date: SLA Arsicincen
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ONE COMMUNITY FOUNDATION LIMITED

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025

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The trustees, who are also the directors of One Community Foundation Limited for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently;

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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oo ONE COMMUNITY FOUNDATION LIMITED | INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ONE COMMUNITY FOUNDATION LIMITED | Opinion : We have audited the financial statements of One Community Foundation Limited (the ‘charity’) for the year ended : 31 March 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows : and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of lreland 2 (United Kingdom Generally Accepted Accounting Practice). | In our opinion, the financial statements: - give a true and fair view of the state of the charitable company’s affairs as at 31 March 2025 and of its : incoming resources and application of resources, including its income and expenditure, for the year then : ended; : - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; : and - have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion | We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Audifor's responsibilities for the audit of : the financial statements section of our report. We are independent of the charity in accordance with the ethical : requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical , Standard, and we have fulfilled our other ethical 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. | Conclusions relating fo going concern : in auditing the financial statements, we have concluded that the trustees' use of the going concem basis of : accounting in the preparation of the financial statements is appropriate. | Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going | concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsibie for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent | otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our : responsibility is to read the other information and, in doing so, consider whether the other information is materially ) inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are : required to determine whether this gives 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 information, | we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006 | In our opinion, based on the work undertaken in the course of our audit: : - the information given in the trustees' report for the financial year for which the financial statements are | prepared, which includes the directors’ report prepared for the purposes of company law, is consistent with the : financial statements; and - the directors' report included within the trustees’ report has been prepared in accordance with applicable legal requirements.

ONE COMMUNITY FOUNDATION LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF ONE COMMUNITY FOUNDATION LIMITED a

Matters on which we are required to report by exception

in the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www. frc.org.uk/auditorsresponsibilities, This description forms part of our auditor’s report.

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_ ONE COMMUNITY FOUNDATION LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) : TO THE MEMBERS OF ONE COMMUNITY FOUNDATION LIMITED

| Other matters Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: : * The engagement partner ensured that the engagement team collectively had the appropriate competence, | capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

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¢ Investigated the rationale behind significant or unusual transactions.

In response to the risks of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from the financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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ONE COMMUNITY FOUNDATION LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MEMBERS OF ONE COMMUNITY FOUNDATION LIMITED

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by taw, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

(Senior Statutory Auditor)

For and on behalf of BK Plus Audit Limited, Statutory Auditor Chartered Certified Accountants 52 St Johns Lane Halifax AV. PivS Aidt Lumibed West Yorkshire HX1 2BW England - Date. V0¢G¢imbes 2028

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STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2025

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Current financial|year|Unrestricted|Restricted|Endowment|Total|Total| |funds|funds|funds| |2025|2025|2025|2025|2024| |Notes|£|£|£|£|£| |Income from:| |Donations|and|legacies|3|19,465|1,246,512|-|1,265,977|1,634,384| |Charitable|activities|4|162,694|-|-|162,694|186,129| |Investments|5|-|119,421|-|119,421|120,384| |Total|income|182,159|1,365,933|-|1,548,092|4,940,897| |Expenditure|on:| |Raising funds|6|33,563|135,161|13,165|181,889|215,255| |Charitable|activities| |Charitable|activities|7|142,657|78,749|-|221,406|186,114| |Other expenditure|7|-|1,216,297|-|1,216,297|1,701,320| |Total|charitable|expenditure|142,657|1,295,046|-|1,437,703|1,887,434| |Total|expenditure|176,220|1,430,207|13,165|1,619,592|2,102,689| |Net|gains/(losses)|on| |investments|13|-|(56,664)|(109,350)|(166,014)|310,362| |Net income/(expenditure)|5,939|(120,938)|(122,515)|(237,514)|148,570| |Transfers|between|funds|-|50,301|(50,301)|-|-| |Net|movement|in|funds|10|5,939|(70,637)|(172,816)|(237,514)|148,570| |Reconciliation|of funds:| |Fund|balances|at|1|April|2024|199,974|1,668,276|2,293,064|4,161,314|4,012,744| |Fund balances|at 31|March 2025|205,913|1,597,639|2,120,248|3,923,800|4,161,314|

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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes form part of these financial statements.

ONE COMMUNITY FOUNDATION LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Priorfinancial year Unrestricted Restricted Endowment Total
funds funds funds
2024 2024 2024 2024
Notes £ £ £ £
Income from:
Donations and legacies 3 41,608 4,592,776 - 1,634,384
Charitable activities 4 186,129 - - 186,129
Investments 5 - 420,384 - 120,384
Total income 227,737 1,713,160 - 1,940,897
Expenditure on:
Raising funds 6 47,151 157,008 11,096 215,255
Charitable activities 7 156,920 29,194 - 186,114
Otherexpenditure 7 - 1,701,320 - 1,701,320
Total expenditure 204,071 1,887,522 11,096 2,102,689
Netgains/(losses) on investments 13 - 101,986 208,376 310,362
Net income/(expenditure) 23,666 (72,376) 197,280 148,570
Transfers between funds (15,561) 15,564 ~ -
Netmovement infunds 10 8,105 (56,815) 197,280 148,570
Reconciliation offunds:
Fund balances at 1 April 2023 191,869 1,725,091 2,095,784 4,012,744
Fundbalancesat31March2024 199,974 1,668,276 2,293,064 4,161,314

ean

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| 7

ONE COMMUNITY FOUNDATION LIMITED

BALANCE SHEET

AS AT 31 MARCH 2025

: :

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 15 481 963
Investments 16 3,402,271 3,603,817
3,402,752 3,604,780
Current assets
Debtors		 17 114,668 75,839
Cash at bank and in hand 609,313 595,304
723,981 671,143
Creditors: amounts falling duewithin 18
one year (202,933) (114,609)
Netcurrentassets 521,048 556,534
Tota!assetslesscurrentliabilities 3,923,800
ee
—		 4,161,314
_
—————
Thefundsofthecharity
Endowmentfunds 20 2,120,248 2,293,064
Restricted incomefunds
Unrestricted funds		 21
22		 1,597,639
205,913		 1,668,276
199,974
3,923,800 4,161,314

The notes form part of these financial statements,

11/12/2025 The financial statements were approved by the trustees ono... eee

JW Bell B Sykes
Trustee Trustee

Company registration number 7100811 (England and Wales)

-17-

ONE COMMUNITY FOUNDATION LIMITED

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2025

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |2025|2024| |Notes|£|£|£|£| |Cash|flows|from|operating|activities| |Cash|absorbed|by|operations|26|(140,833)|(244,623)| |Investing|activities| |Purchase|of tangible|fixed|assets|-|(1,445)| |Purchase of investments|(83,312)|-| |Proceeds|from|disposal|of|investments|118,733|124,948| |Investment|income|received|119,424|120,384| |Net|cash|generated|from|investing|activities|154,842|243,887| |Net|cash|generated|from|financing|activities|-|-| |Net|increase/(decrease)|in|cash|and|cash| |equivalents|14,009|(736)| |Cash|and|cash|equivalents|at|beginning|of year|595,304|596,040| |Cash|and|cash|equivalents|at end|of year|609,313|595,304| |The|notes|form|part|of these|financial|statements.|

----- End of picture text -----

-18-

| ps ONE COMMUNITY FOUNDATION LIMITED

: 1 Accounting policies Charity information One Community Foundation Limited is a private company limited by guarantee incorporated in England and : Wales. The registered office is 13 Railway Street, Huddersfield, HDi 1JS, United Kingdom. | 1.1 Basis of preparation : The financial statements have been prepared in accordance with the charity's governing document, the : Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP “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)". The charity is a Public Benefit Entity as defined by : FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary | amounts in these financial statements are rounded fo the nearest £. | The financial statements have been prepared under the historical cost convention, [modified to include the | revaluation of freehold properties and to include investment properties and certain financial instruments at fair | value]. The principal accounting policies adopted are set out below. | 1.2. Going concern | At the time of approving the financial statements, the trustees have a reasonable expectation that the charity | has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees : continue to adopt the going concern basis of accounting in preparing the financial statements. | 1.3 Charitable funds | Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable : objectives. | Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The

.

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

|

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

-19-

_

ONE COMMUNITY FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

ee

1 Accounting policies (Continued) Grants receivable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised asa liability and included on the balance sheet as deferred income to be released,

Donated services and facilities Where services or facilities are provided to the charity as a donation, that would normally be purchased from our suppliers, this contribution is included in the financial statements at its fair value. If fair value cannot be reliably measured, then the contribution is included at the cost to the donor or at the resale value of goods that are to be sold.

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.

Raising funds

There are costs incurred n attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Grant provisions

Provisions for grants are made when the intention to make a grant has been communicated to the recipient, and where there is certainty about the timing of the grant and the amount of grant payable.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment

33% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

The charity policy is to capitalise items of capital expenditure costing in excess of £400.

-20-

2 proceeds and their market value at the start of the the year, or their subsequent subsequent cost, and are charged or credited ? to the Statement of Financial Activities Financial Activities Activities in the period of disposal. disposal. | Unrealised gains and losses represent the movement in market vaiue during the year and are credited or charged to the Statement of Financial Activities based on market value at the year end. | 1.8 Impairment of fixed assets : At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine | whether there is any indication that those assets have suffered an impairment Joss. If any such indication | exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment : loss (if any). : 1.9 Cash and cash equivalents : Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid | investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.10 Financial instruments ) The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 | ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. | Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the : contractual provisions of the instrument. : Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when | there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net : basis or to realise the asset and settie the liability simultaneously. Basic financial assets | Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is | measured at the present value of the the future receipts discounted at a market rate of interest. Financial assets

e

7 ,

= ONE COMMUNITY FOUNDATION LIMITED : NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) | FOR THE YEAR ENDED 31 MARCH 2025 | 1 Accounting policies (Continued)

1.7 Fixed asset investments

Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the the year, or their subsequent subsequent cost, and are charged or credited to the Statement of Financial Activities Financial Activities Activities in the period of disposal. disposal.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method,

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payrnent is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

-24-

_

ONE COMMUNITY FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.11. Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received,

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Donations and gifts 615 135,245 135,860 22,958 - 22,958
Grants - 1,411,267 1,111,267 - 1,592,776 1,592,776
Membership fees 3,450 - 3,450 3,250 - 3,250
Donated goods and
services 15,400 - 15,400 15,400 - 15,400
19,465 1,246,512 1,265,977 41,608 1,592,776 1,634,384
Donations and gifts
Bright Green Community
Trust - 17,798 17,798 19,540 - 19,540
General Grassroots - 32,447 32,447 - - -
Thorton Family Fund - 30,000 30,000 - - ~
Kirklees Communities
Who Can - 30,000 30,000 - - -
Q Futures - 25,000 25,000 - - -
Other 615 - 615 3,418 - 3,418
615 135,245 135,860 22,958 - 22,958

~22-

a. ONE COMMUNITY FOUNDATION LIMITED

:

| |

:

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

:

)

3 Income from donations and legacies

(Continued)

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Grants
Household Fund - 714,400 714,400 - 714,400 714,400
Community Grants for
Climate projects - 15,924 15,924 - 307,837 307,837
Big Local Fund - 339,033 339,033 - 33,877 33,877
UKSPF Fund - 41,910 41,910 - 76,082 76,082
WYCAMayors Crisis
Fund - - - - 357,200 357,200
Other - - - - 103,380 103,380
- 1,111,267 1,111,267 - 1,592,776 1,592,776
4 incomefrom charitable activities
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Charitable activities
Fund management charges 162,694 186,129
5 income from investments
Restricted Restricted
funds funds
2025 2024
£ £
Other income 106,471 107,272
Interest receivable 12,950 13,712
119,421 120,384

4 income from charitable activities

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ONE COMMUNITY FOUNDATION LIMITED

~

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

8 Grants payable

Grants payable
Other Other
expenditure expenditure
2025 2024
£ £
Grants to institutions:
The Charlesworth Fund 13,231 -
The Davy Fund 5,632 4,471
The Deighton and Brackenhal! Fund 5,807 -
The General Funds (61,167) 41,832
Bright Green CommunityTrust Fund 16,331 18,045
The Westerman Fund 2,234 -
The Hazel Chariesworth Fund 8,244 -
The Longley Farm Fund 5,008 §,628
The StephenWood Fund 7,917 -
The Kirklees Police Fund 2,759 -
The Kirklees Fund 35,087 -
Jimmy Dickinson Fund 15,500 9,671
The Hirst Brierley Fund 7,341 9,500
The Thornton Family Fund 116,302 126,800
Collective Power Fund - 4,240
The Brierleyfund 4,439 “
Midway Equities fund 2,720 -
Household Fund 642,960 643,816
Community Grants - 99,075
Community Grants - For Climate 77,480 279,852
Grassroots 39,564 52,482
Local Care 12,000 52,509
Heckmondwike Fund forthe Needy Sick 4,602 -
WYCA - 321,478
Heckmondwike Women's Patriotic Guild 355 -
Thornton & RossAnti Knife Crime - 31,921
Baxter Family fund 1,068 -
Collective Powerfund 3,474 -
Big Locai fund 205,000 -
UKSPF fund 41,910 -
Parish Fund 500
1,216,298 1,701,320

No grants awarded were material to the accounts this year (2024: 8).

~26-

|

| |

ONE COMMUNITY FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

9 Support costs allocated to activities

----- Start of picture text -----
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Charitable|Total| |activities| |2025|2024| |£|£| |Governance|8,400|8,400| |2025|2024| |Governance|costs|comprise:|£|£| |Audit|fees|8,400|8,400| |8,400|8,400| |10|Net|movement|in|funds|2025|2024| |£|£| |The|net|movement|in|funds|is|stated|after|charging/(crediting):| |Fees|payable|for|the|audit|of the|charity's|financial|statements|8,400|8,400| |Depreciation|of owned|tangible|fixed|assets|482|482|

----- End of picture text -----

11. =‘Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

During the year the charity has purchased trustees liability insurance, at a cost of £351.

12. Employees

The average monthly number of employees during the year was:

----- Start of picture text -----
|||||| |---|---|---|---|---| |2025|2024| |Number|Number| |Staff (Average|headcount)|5|6| |Employment|costs|2025|2024| |£|£| |Wages|and|salaries|159,275|130,575| |Social|security|costs|3,806|5,823| |Other|pension|costs|521|3,029| |163,602|139,427|

----- End of picture text -----

-97-

ONE COMMUNITY FOUNDATION LIMITED

pm

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

12 Employees

(Continued)

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel The remuneration of key management personnel was as follows:

Aggregate compensation

2025 2024
£ £
53,934 59,814

13 Gains and losses on investments

Restricted Endowment Total Restricted Endowment Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
Gains/(losses) arising on: £ £ £ £ £ £
Revaiuation of
investments (151,646) - (151,646) 289,327 - 289,327
Sale ofinvestments 94,982 (109,350) (14,368) (187,341) 208,376 21,035
(56,664) (109,350) (166,014) 101,986 208,376 310,362

14 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

15 Tangible fixed assets

Tangible fixed assets
Computer
equipment
£
Cost
At 1 April 2024 3,085
Disposals (1,640)
At 31 March 2025 1,445
Depreciation and impairment
At 4 April 2024 2,122
Depreciation charged in the year 482
Eliminated in respect ofdisposals (1,640)
At 31 March 2025 964
Carrying amount
At 31 March 2025 481
At31March2024 963

,

| | — ONE COMMUNITY FOUNDATION LIMITED | | NOTES TO THE TO THE THE FINANCIAL STATEMENTS STATEMENTS | | FOR THE YEAR ENDED 31 MARCH 2025

| | | | : | | | |

| | |

NOTES TO THE TO THE THE FINANCIAL STATEMENTS STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

16 Fixed asset investments

:

----- Start of picture text -----
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |Listed|Unlisted|Total| |investments|investments| |£|£|£| |Cost|or valuation| |At|1|April 2024|3,575,217|28,600|3,603,817| |Additions|83,312|-|83,312| |Valuation|changes|(151,646)|-|(151,646)| |Disposais|(130,912)|(2,300)|(133,212)| |At 31|March 2025|3,375,971|26,300|3,402,271| |Carrying amount| |At|31|March|2025|3,375,971|26,300|3,402,271| |At 31|March|2024|3,575,217|28,600|3,603,817| |2025|2024| |Listed|investments|included|above:|£|£| |Listed|investments|carrying amount|3,375,971|3,575,217| |17|Debtors| |2025|2024| |Amounts|falling|due|within|one|year:|£|£| |Prepayments|and|accrued|income|114,668|75,839| |18|Creditors:|amounts|falling|due|within|one|year| |2025|2024| |£|£| |Other|taxation|and|social|security|3,297|3,284| |Other|creditors|26,775|26,328| |Accruals|and|deferred|income|172,861|85,000| |202,933|114,609| |19|Retirement|benefit|schemes| |2025|2024| |Defined|contribution|schemes|£|£| |Charge|to|profit|or|loss|in|respect|of defined|contribution|schemes|521|3,029|

----- End of picture text -----

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

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ONE COMMUNITY FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

22 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April Incoming Resources Transfers At31 March
2024 resources expended 2025
£ £ £ £ £
General funds 199,974 182,159 (176,220) - 205,913
Previous year: At 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
General funds 191,869 227,737 (204,071) (15,561) 199,974
~+Analysis of net assets between funds
Unrestricted Restricted Endowment Total
funds funds funds
2025 2025 2025 2025
£ £ £ £
At 31 March 2025:
Tangible assets 481 - - 481
Investments - 1,221,610 2,180,661 3,402,271
Current assets/(liabilities) 205,432 376,029 (60,413) 521,048
205,913 1,597,639 2,120,248 3,923,800

23 ~+Analysis of net assets between funds

.

ONE COMMUNITY FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

23 ~=Analysis of net assets between funds

(Continued)

Unrestricted Restricted Endowment Total
funds funds funds
2024 2024 2024 2024
£ £ £ £
At 31 March 2024:
Tangible assets 963 - - 963
Investments - 1,299,657 2,304,160 3,603,817
Current assets/(liabilities) 199,011 368,619 (11,096) 556,534
199,974 1,668,276 2,293,064 4,161,314

-~ 37 -

ONE COMMUNITY FOUNDATION LIMITED

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

24 Purposes of funds

The specific purposes for which the funds are to be applied are as follows:

The different types of fund are as follows:

The Grassroots Funds - These were established under the last Labour Government, and offered donors the incentive of a 100% match. Funds set-up under this scheme are all permanent endowments.

Community First Funds - These funds arose from the Conservative Government's successor programme to ‘Grassroots’, and benefitted from a 50% match. These funds are included in endowment funds in these financial statements, as they are operated as endowment funds but with the modification that fund growth in excess of the Retail Price Index may be transferred to restricted funds for the purpose of grant giving, at the option of the donor.

Endowment and Charitable Funds - Following the match funding programmes operated by Labour and Conservative Governments, the Foundation is now working with donors to establish permanent endowments, or charitable funds.

Flow Through Funds - These funds are given to us to distribute as grants - which are used for immediate effect, (often spent within one year).

Specific details of individual funds are as follows:-

The John L Brierley Limited Grassroots and Community First Funds - (The Grassroots element is a permanent endowment; the Community First component is a charitable fund). Both generate income to be given as grants to support voluntary and community groups across Kirklees.

The Charlesworth Community First Fund - This fund supports voluntary and community groups operating principally in the following post code areas: HD 1, HD3 and HD7; although the fund will also consider supporting voluntary groups operating anywhere in Kirklees..

The Davy Grassroots Fund « This is a permanent endowment generating income to be given as grants across Kirklees to encourage participation of young people in sport, with an emphasis on team sports and activities.

The Deighton and Brackenhall Initiative Grassroots Fund - This is a permanent endowment generating income to be given as grants to benefit voluntary and community groups operating in the Deighton & Brackenhall areas of Huddersfield.

The General Grassroots Fund - This is a permanent endowment generating income to be given as grants to further the general activities of the charity.

The Hazel Charlesworth Community First Fund ~ This fund supports voluntary and community groups in Kirklees, with a particular interest in Lindley.

The Longley Farm Grassroots and Community First Funds ~- (The Grassroots element is a permanent endowment; the Community First component is a charitable fund). Both funds generate income to be given as grants primarily to support artistic and cultural activities in the following areas: Holmfirth, Austonley, Upperthong, Holme, Cartworth, Wooldale, Hepworth, Fulstone and Netherthong.

25 ~—~‘Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

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ONE COMMUNITY FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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||||||||| |---|---|---|---|---|---|---|---| |26|Cash absorbed|by operations|2025|2024| |(Deficit)/surplus|for the|year|(237,514)|148,570| |Adjustments|for:| |Investment income|recognised|in|statement|of financial|activities|(119,421)|(120,384)| |Loss/(gain)|on|disposal|of investments|14,479|(33,467)| |Fair value|gains|and|losses|on|investments|151,646|(289,327)| |Depreciation|and|impairment|of tangible|fixed|assets|482|482| |Movements|in working|capital:| |(Increase)|in|debtors|(38,829)|(12,990)| |increase|in|creditors|88,324|62,493| |Cash|absorbed|by operations|(140,833)|(244,623)| |27|~=Analysis|of changes|in|net|funds|

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The charity had no material debt during the year.

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