Altofts Community and Sports Foundation Limited (Limited by Guarantee) Incorporating The Bar At The Brig Limlted and Altofts Greenscapes Llmited Trustees Report and Accounts For The Year Ended 31 March 2024 Registered Charity Number 1142340 Alioft5 Community and Sports Foundatlon Limited Trustees Report and Accounts For The Year Ended 31 March 2024 Contents Page Charity information Trustees report Statement of trustees, responsibilities Independent Examiners Report Statement of financial services Balance sheet Notes to the accounts 9-10 Altofts Community ènd Sports Foundation Limlted Trustees Report and Accounts For The Year Ended 31 March 2024 Trustees David Norris David Parker David Large David Holmes Michael Honey Joanne Hepworth Paul Greatorex Lynn Greatorex Neil Greatorex Alfie Norris Timothy Johnson Nigel Widdop Chair Secretary David Parker Registered OfFice I St Mary's Road Altofts Wakefield West Yorkshire WF6 2JH Independent Examiner Hawkins 40-42 Castleford Road Normanton West Yorkshire WF6 2EE Bankers Virgin Money 81 Carlton Street Castleford West Yorkshire WFIO IBW Cornpany Registration Number 07525158 Charity Registration Number 1142340 Altofts Community and Sports Foundation Limited Trustees Report and Accounts For The Year Ended 31 March 2024 Alm5 and Objectives Our charity's aims as contained in the memorandum of association, are promoting and facilitation of health, social and community-based opportunities for all residents in the wider Altofts area. How our activitie5 deliver public benefit Our activitie5 deliver public benefit through the provision of safe internal community space to various groups and also to provide a base for our wider trading activities. Increases in both of these types of usage have seen our facilitie5 being viewewd locally as a Significant and accepted commurnity asset. This growth in usage has also generated a further increase in revenue generated by hire and through our trading subsidiary. As a Charity all profits from revenue are invested back into our facilities, bringing about a steady improvement in the overall condition of the the facility and leased land. Revenue increased by over £44,000 in the financial year. Our Charity continues to be able to demonstrate that our enterprise is sustainable and attractive to grant bodies. Over £7,000 of grants were secured in the financial year. Key community groups that Use our facility have been able to grow their membership and improve their offer to the wider community. These include.. Altofts Juniors Football Club Altofts Comrnunity Book Swap Castleford and District Lions Altofts Community Cycling Club Castleford Water Polo Club The Brigeteers Income from room hire and trading activities allows our Charity to meet some of the cost of utility bills which have resulted from the increased usage of our facilitv. Main Achievements During Year Our main achievement during the year has been further growth in the number of community groups using our facility during weekdays. A further achievement was the growth of our Bikes for Refugees scheme which operates by the donation of used bikes from within the community which are made roadworthy and donated to refugees. The scheme operate5 from funding received from the West Yorkshire Combined Authority. Altofts Community and Sports Foundation Limited Trustees Report and Accounts For The Year Ended 31 March 2024 Main Achievements During the Year Altofts Greenscapes Limited. an additional wholly owned trading subsidiary, continues to take full responsibility for the maintenance of sports pitches on lènd leased to our Charity and separating out of the associated financial and technical liabilitie5 associated with 5LJch activities. Other achievements have been mainly based upon further improvements to both the fabric and exterior of our main facility. Financial review This year has been the most succesful year since our charity was established in respect of increèsed monthly average revenue both from hire of the facilities and trading activities. Plan5 for future periods Plans for future periods our focused in three areas. Firstly, further key improvement5 to our facility in key areas such as secLJrity. sanitation and upgraded fixtures and fittings. These are aspects which can be funded directly throgh specific grants targeted at these areas. Growing usage as proof of our capability to meet the needs of a wider number of community groups is key too being successful in securing such grants. Additional improvements, which cannot be secured through grant5 will need to be funded through increased trading and fund raising. Secondly, to provide improved community open areas and sports pitches. Our Charity has recently secured a thirty-year lease on over eight acres of public open space around our facility. This area will require securing significant levels of funding some of which has already been secured from organisations such as Wakefield Council and FCC Waste. Thirdly, the closest to the aims of our charity, is increased usage of our facility and the external land by an increased number of residents Wlthin the wider Altofts area. Altofts Community and Sports Foundation Limited Trustees Report lincluding Director5, Report and A¢¢ounts1 For The Year Ended 31 Mar¢h 2024 Statement of Trustees, Responsibilities The trustees are responsible for preparing account5 in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Company law requires the trustees to preapre accounts aforeach finanacial year which give a true and fair view of the state of affairs of the charity and its Incoming resources and application of resources, including it5 net income and expenditure for the year. In preaparing these accounts the trustees are required to.. select Sultable accounting policies and then apply them conslstently,. make judgement5 and e5timate5 that are reasonable and prudent,- state whether applicable accounting 5tandard5 have been followed, subject to any material departures disc105ed and expalined in the accounts,. and prepare the accounts on the going concern basis unless it Is inappropriate to presume the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the finanacial p05tion of the charity and which enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed - Trustee Print Name - Trustee Date Inde endent Examiner's Re ort To The Trustees Of Altofts Communit ands orts Foundation Llmited We report on the accounts of Altoft5 Community and Sports Foundation Limited (Registered Charity Number 11423401 for the year ended 31 March 2024 which are Set out on pages 6 to 9. Res ectSve Re5 onsibilities of Trustees and Examiner The chaTlty's trv5tees are responsible fDr the preparation of the accounts. The charity's trustees consider that an audit 15 not required for this year under section 144 of the Charities Act 2011 (the Charitie5 Act) and that an independent eyamination is needed. It 15 our responsibility to.. examine the accounts under sertion 145 of the Charities Act to follow the procedures laid down in the general Directions given by the Charity Comm155ion l under section 14515llbl of the Charities Act I, and to state whether p8rticul3r matter5 have come to our attention. Basls of Inde endent Examiner's Statement Our examination was cèrried out in accordance with general direction5 given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the 3ccounts presented with those records. It also includes consideration of any unusual itÈrn5 or disclosures in the acounts and seeking explanation5 from you a5 trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair ' view and the report Is limited to those matters Set out in the statement below. Inde endent Examiner's Statement In connection with our examination. no mattèr has come to our attention.. 111 which gives us reasonable cause to believe that in any material respect, the requirements". to keep accounting records in accordance with section 130 of the Charitie5 Act,. and to prepare a¢count5 which accord with the accDLJnting records and comply with the accounting requirements of the Charitiè5 Act have not been met. or 121 to which, in our opinion, attention should be drawn in order to enable a PToper understanding of the accounts to be reached. Hawkins Normanton Date Altoft5 Community and Sports Foundation Limited Statement of Financial Activities ForThe Year Ended 31 March 1024 2024 Total Fund5 (Unrestricted) 2023 Total Funds Income Donations Grants Room Hire Other Income Income from Trading Companies 39,640 7,273 12,801 59 336,445 27,258 50,500 12,304 290,769 Total Income 396,218 380,834 Expenditure Cost of charitable activities Refurbishment costs Donation5 Cycling Trading companies costs Sundry expenses Amortisation Depreciation 18,661 3,096 277,287 118 306 8,220 18,263 6,185 258,881 13 306 7,683 307,688 291,331 Management and administation Costs Administation fees Consultancy fees Bookkeeping Lease of equipment Bank charge5 Loan Interest 43.454 10,000 4,800 12,887 4,480 894 5.573 391 4,228 292 Total Expenditure 370,462 315,556 Net movement in funds 25,756 65.278 Funds brought forward 145,475 80.197 171,231 145,475 Altofts Community and Sports Foundation Limited Balance Sheet As at 31 March 2024 Note 2024 2023 Tangible Assets Fixed assets 50,023 40,466 Current Assets Stock Prepayments Cash at bank Cash in hand 8,477 5,974 122.284 9,631 146,366 8,285 4,369 117,064 3,047 132,765 Current liabilities Creditor5 .' amounts falling due within one year 19,825 18,962 Net current assets 126,541 113,803 Total assets 176,564 154.269 Creditors.. amounts falling due after more one year 5,333 9,333 171,231 144,936 Funds Unrestricted Funds 171,231 145,475 Altofts Community and Sports Foundatlon Limited Balance Sheet As at 31 March 2023 The directors are satisfied that the company is entitled to exemption under Section 477 of the Companies Act 2006 and that no member or members have requested an audit pursuant to Section 476 of the Att. The directors acknowledge their responsibility for lil ensuring that the company keeps proper accounting records which comply with Section 386 of the Companies Act 2006,. and lill preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the finanacial year and its profit or1055 in accordance with the requirements of Sections 394 and 395 of the Companies Act 2006, and which otherwise comply with the requirements of the Act relating to the accpounts, so far as applicable to the company. Approval of the account5 The accounts were approved by the board of the trustees on and signed on their behalf by.. David Parker Signed Trustee Print Name 2211212024 Date Altofts Community and Sports Foundation Limited Note5 to the accounts Forthe year ended 31 March 2024 I Statutory Information Altoft5 Community and Sports foundation Limited is a charitable private limited company limited by guarantee. registered in England and Wales. The company's registered number and registered office address can be found on the Company information page. 2 Accounting policie5 2.1 Basis of accounting The accounts have been prepared under the historical cost convention unless otherwise stated in the relevant notes to the account5. The accounts have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities IFR51021. the Financial ReportinE Standard IFR51021 and the Companies Act 2006. 2.2 Income Recognition Income is recoEnised once the charitable company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Donations are recognised when they are received. 2.3 Expendituie Recognition Liabilities are recognised a5 expenditure a5 soon as there is a legal or constructive obligation committing the charitable company o that expenditure, it is probable that settletnent will be required and the amount of the obligation can be measured reliably. All expenditure Is 3ccounted for on an accruals basis. 2.4 Leasehold Land The Charitable company obtained a thirty lease on on 8 Acres of land. This will be written off over the period of the lease. 2.5 Tangible Fixed Assets Depreciation has been calculated to write off the value of the fixed assets over their expected economic lives. The rates applied are as follows. Fixtures, fittings and equipment 20% Ahoft5 Community and Sports Foundation Limited Notes to the accounts For the year ended 31 March 2024 3 Tangible Fixed Assets Leasehold Fixtures, Land Fittings and Equipmen" Total Cost or valuation At l April 2023 Additions Disposals At 31 March 2024 9,188 59,885 18,083 69.073 18,083 9,188 77,968 87,156 Depreciation At l April 2023 Depreciation for year Released on disposals 612 306 27,995 8,220 28,607 8,526 918 Net book value At 31 March 2024 36,215 37.133 8,270 41,753 50.023 At 31 March 2023 8.576 31,890 40,466 4 Creditors.. amounts falling due with in one year 2024 2023 Bank Loan Trade creditors social security and other taxes Accruals 4,000 9,169 2,836 3.820 4,000 6,948 5,559 2,455 19,825 18,962 5 Creditors: amounts falling due after more than one year 2024 2023 Bank Loan 5,333 9,333 io