Glusburn Community & Arts Centre {A Company Charity limited by guarantee) Annual Report & Financial Statements for the year ended 31st March 2025 {Registered Charity Number.. 1143053) {Registered Company Number.. 075841101 Independent examination services Glusburn Community & Arts Centre IA Company Charity Ilmltèd by guarantee) Contents Index Page Directors (Trustees) Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Accounts Trustees. Annual Report From: April 1st 2024 March 31 sl 2025 The Board of Trustees, who are also Directors of the charity for the purpose of the Companies Act 2006, present their annual report and financial statements for the year ended March 31st 2025. The financial statements comply with the Companies Act 20C6 and Accounting and Reporting by Charities, Statement of Recommended Practice ISORP 20151. Charity's full name Glusburn Community & Arts Centr¢ Registsred Company number 07584110 Registered Charity number 1143053 Objectives and activities Summary of the purposes of the charity set out in its govorning document To establish & run a village hall & lo promote for the benefit of the inhabitants of the area, without distinction of sex,sexual orientstion, age, disability, nalionalily. race or political,religious or other opinions, the provision of facilities for education, recreation or Other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infimiity, or disablement, financial hardship or social & economic circumstances or for the public al large in the interests of social welfare & with the object of improving the conditions of life of the said inhabilanls. The trustees consider that they have complied with their duties lo have due regard to the public benefit guidance published by the Charity Commission. Sumrnary of the maln actlvltles In relation to those purpose8 tor the public benefit and summary of the main a¢hiovements of the charity l am pleased to say that il has been another successful year for our organisalion. Despite the continuing economic challenges. we've managed lo keep our heads above water financially- no small achievement in the current climate and a testament to the hard work and diligence of everyone involved. As ever, our building has presented ongoing challenges. We continue lo develop plans and seek funding to address these Issues, and while progress can be slow. our determination remains unwavering. This year. we submitted an application to the Community Ownership Fund. While this particular bid was unfortunately unsuccessful, we did see some welcome success with the Shared Prosperity Fund - a Govemmenl initiative administered by North Yorkshire Council. This. together with generous support from Glusburn and Crosshi115 Parish Council, enabled us lo undertake a major refurbishment of the Auditorium balcony. The project involved the complete ienewal of the Ilmber flooring and carpet and inslallalion of new sealing- a signrficant upgrade that has transformed the space. Our dedicated team of staff continlte lo be a cornerstone of our success. The caretaking team have once again pulled logother lo manage what is often a seven day a week operation. with flexibility and professionalism. Meanwhile, our centre management team has worked hard to attract new hirers, nurture existing relationships, and develop our programming of shows and aclivilies. Their efforts are paying dividends. Our events programme has gone from strength to strength. We are now proudly offering a line-up that stands shoulder-to-shoulder with other regional arts venues. The calibre of talent we've welcomed- including some recognisable celebrity names- speaks volumes about how far we've come. As an Arts Cenlre, we have taken a major slep forward, and it is something we should all be incredibly proud of. None of this would be possible wilhoul our fantastic team of volunteers. They are the beating heart of our events, supporting front-of-house operations, checking tickets. and running the bar. Their dedication, time. and good spirit make such a difference, and we are immensely grateful for everything they do. I would also like to extend heartfelt thanks to our dedicated trustees. Their lime, care. and commitment often go unseen. but their role in overseeing our direction, safeguarding our values, and supporting our staff is invaluable. Their contributions ensure that we remain true to our purpose while continuing to grow and thrive. Finally, I musl take a moment lo pay tribute to our outgoing Treasurer, Bernard. In his lime as treasurer. he has been the steady hand on the financial tiller. With unwavering attention lo detail, sound judgement, and a clear sense of fisc81 responsibility, Bernard has kept us grounded when our ambitions have Lxcasionally outpaced our means. His guidance has been instrumental in keeping us financially stable and ensuring the suslainabilily of our work. Bernard, thank you for everything you have done- your legacy will be fell for years to cc*ne. A$ we look ahead lo another year. I remain confident in our ability lo meet challenges, embrace opportunities, and Continue to be a vitsl and valued part of our communlty. Thank you to all our supporters, partners, staff, volunteers, and trustees for your continued ￿lief in what we do. Together, we look forward to building on this yearfs achievements and creating an even brighter future. Financial review Review of the charity's financial position at the end of the period There was a surplus of £48,903 for the year with unre51ricted res8rves al £106,642 at 31 March 2025. Ststsmènt explaining the policy for holding reserves stating why they are held The Iruslees have adopted as their reseNes policy that they should seek to maintain the sum of £35,000 as a reserve against short term financial difficulties. The specific aims of the reserve are - .' £16,500 to pay three months salaries,. £5.500 to pay on-going costs. ulililies, ratss elc., £7.000 to pay the annual insuran bill and £6,000 in case of emergency repairs and contingencies Amount of reserves held Al 31 sl March 2025 unrestricted reserves amounted to £106.642, however £60,616 of this is represented by depreciable assets. Reasons for holding zero reserves Not relevant Funds materlally In deficit None Explanation of any uncertainties about the ¢harlty contlnuing as a going conc8rn None currently structure. overnance and mana ement Description of the charity's trusts Type of gov•ming document Charitsble Trust deed How the charity is constitut Charity + a Company limited by Guarantee Trustee $ele¢tion methods Glusburn Parish Council- One trustee. Other trustees appointed Reference and administration details Charity's full name Glusburn Community & Arts Centre Other names the charity is known by Glusburn Institute Charity's principal address Colne Road Glusburn Via Keighley Postcode BD20 8PJ Names of the trustees who mana e the charl Trust88 name Office lif any) Date$ #Gted if not lor whole year Name of person lor bodyl entitled its appotnt trustee Jason Smith Michael Gott Bernard Peel Roy A￿00d Judith Daft Steven Daft Malcom Gott Janice Hilchon Susan Ingham David Openshaw Michael Oulhwaite Anthony Silson Chair VI￿ Chai¥ Treasurer Resigned 18 Juty 2024 Funds held as custodian trustees on behalf of others Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charitys objects Detsils of arrangements for safe custody and segregation of such assets from Ihe charity's own assets Glusbum Institute Held on behalf of residents of Glusburn & Cross Hills. 11 is a separate bul linked charity. Nam¢ of Com an Secreta Name Bernard Peel Dates acted if notfor whole 88r Trusteè res onsibilities in relation to flnanclal statements Company law requires the dlreclors Ilrusleesl lo prepare financial slatèm&nts for each financial year. whlch give 8 true and fair vlew of the slate of affairs of the company and of1he income and expenditure of the Company for the year. In preparing those financlal statements, the directors {trustees} are requlred lo: - Selgct sultatrfe accounting Fdiaes and then apply them consistently.. - Obs8rve tha mathods and principles of tho Charities SORP - Make judgements and estimates that are reasonable and prudent., - Stale whether applicable accounting standards have been followed. sublect to any matsrial departures disclosed and explained in the financial ststements. - Prepar8 th6 financial statements on the going conc%m basls Unl￿ it is inapprO￿ate lo presume that the companywill continuè on that basis. The directors (trustees) are responsible for keeping proper accounting reD)rds which disdose with reasonable accuracy al any lime th& financial position of thg company and to enable them lo ensure that the financial statements compy with thè Companies Act 2IXJ6. They are also responsible for safeguarding th& assets ofthe company and hencè for taking reasonablè staps for the prevention and detectltsn of fraud and other irregularities. Members of the Board of Trustees. who are Directors forthe purpose of company law, and Tru51ees for the purpose of charity law. who served during the year and up to the dale of thls r8POrt are set on page 4. Dlsclosure of Infomiatlon In so far as the Trustees are aware- - The￿ is no relevant information of which the Charity's Independent Examlner is unawar¢-, -The Tnjstees have tsken the necessary steps to be aware of th8 information. which would be relevant for independent examination purposes and havo communicated them to the independent Examiner. Ex8mptlons The trusleos havo taken advantsge of the exemplicffl available to small companles, Induding the audit exemptlon {as detailed on the balan￿ sheet). De¢l4ratlon The trustees declare thatthey ha￿ approved the Trust•es Annual R•port and Accounts Slgned on behalfof the CharIty￿ trustees Slgnature Full Name Position Dato Independent examlnerfs report to the trustees of Glusburn Communlty & Arts Centre I report on the accounts of: Glusburn Communlty & Arts Centre forthe year ended: 31 March 2025 which are set out on pages 7 to 19. Responsibilitie5 and basis of report As the charitvs trustees of the Company {and a150 its directors for the purpose5 of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'}. Having satisfied myself that the accounts of the Company are not required to be audlted under Part 16 of the 2006 Act and are eligible for Independent examination, I report in respect of mv examination of your charitvs accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act.). In carrying out my examination I have followed the Direction5 given by the Charity Commission under section 145(5) (b) of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no materlal matters have come to my attention in connettion with the examination givin8 me cause to believe that in any materlal rèspect: l accounting records were not kept In respect of the Trust as required by section 386 of the Act; or 2 the accounts do not accord with those records 3 the accounts do not comply wlth the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part Df an independent examlnation; or 4 the accounts have not been prepared in accordance with the method5 and principles of the Statement of Recommended Prartice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appllcable In the UK and Republic of Ireland IFRS 102). I have no concerns and have come across no other matters In connection with the examlnation to whlch attentlon should be drawn In thls report in order to enable a proper understandin8 of the accounts to be reached. 19 /1/2r Jeff Todd (FCA) Outsource independent examination services 24 First Avenue York Y0317YQ Date: Glusburn Commun5ty & Arts Centre Statement of Financial Activities for the year ended: 31 March 2025 Unrestrlcted funds Restricted funds Total 2025 Total 2024 Note Income and endowments from: Donations, grants and legacies Charitable activities Other trading aclivities Investment Income 316 130,015 19,848 241 1SO,420 71,223 71.539 130,015 19.848 241 221,643 37.848 98,778 18,544 1,308 156.478 3.4 Total income 71.223 Expenditure on". Charitable a¢tivitl&s 134,248 38,492 172.740 162,632 Total expenditure 134.24B 38,492 172,740 162,632 Net incomgllexpenditure) 16,172 32,731 48.903 6,1541 Gross transfers between funds 12 31.172 131,1721 Net movement In funds 47,344 1.559 48,903 {6,1541 Total funds brought forward 59.298 681.721 741,019 747,173 Total funds carried forward 106,642 683,280 789,922 741.019 Glusburn Communlty & Arts Centre Balance Sheet as at.. 31 March 2025 2025 2024 Flxed assets Tanglble a55ets 735.616 735.616 7C6,288 706,268 Totsl fixed assots Current a￿¢ts Stoc* 1.594 1.652 Debtors & prepayments Cash at bank and in hand 4,319 6,211 10 65,573 47.148 Totsl current a5set8 71.486 S5￿11 Curr*nt Llabllltlos: Amounts falling due withln one year Creditors and accruals 11 117,1801 120,2601 Net current a558ts 306 34,751 Net a55ets 789.922 741,019 Fund$ of the Charity un￿th¢￿d Funds (Generall 12 106,642 59.298 Re5th¢￿1 Funts 12 683,280 681,121 Total Funds ¢arrfed lorwaTd 12 & 13 789,922 741,019 The tru5te25are sat15fied thatthe company is entitredto exemption from the prov151onsofthe CornpaniesAct2006 (the Actl relating to the audlt of thefinanctal statemknts fOrtheyearbY￿rtuè Of 477, ènd that no MelT￿erOrmernbers have requested an3udit pursuantto sectlon 476 oftheAcL The dlrectors ltrusteesl acknowledgethelr responslbllitlÈs for.. il en5urinKthEcompany keep5 accountlng rethrds which comply%Yirh Saoions 386and387 ofthec0mpanlesArt2(￿6- and lil preparinKfinanrial strdteThents which glve a true and fairvrewofthestate of affalrsofthecompanyatthe end of eath finanual year and of ltsprofitand bss foreathfinan¢lalyearln Kcordance wlth the reoL4remerbts DFSettion5 394 and 395 and whlch othervrfse compty %Yllh the requlrèmentsof the ComparaesAct2(k)S relatsngto fina￿alstateMe￿ts, sofaras applicable to thecompany. The financtal statomeTrts have been prepared In accordance wththÈ3pecial PTovblon$ of Part 15 of the CompanlEs Act2￿6 relatlng srnall COMpa￿t5 and withthEAccountlngand Reportln8 byCh?ritie5.' Ststementof Recommended Prartlce applicableto charit￿5 eparfngtheirac (F& ro o r ¢0 N ¢5) ¢0 00￿ r£Dr￿0 (o Lrj * O O ou&￿￿*00) >￿ILl0￿0) ou) rD o) co (tr 10 ¢yJ ) Trj *oo 00 15) * O) v>0¢ ¢oV)￿ O ) v) (o (TJ ¢D Cf) Jo Lr> ry) In r Q CO Lr> o J 10 17) ¢5) Lrj (o p) ¢5) o sn o iot4 IYJ ￿ (O U> * L iripi ro u) ryj ID fw tn 00 ¢00 00 0) ¢0 O ¢J) (Y ¢0 (n o G) OtTr00￿ (O o ffj O 0 15) ro ) * o rD ￿ (TJ ￿ o UJ ￿ (Y) CD *n o) o Glusburn Community & Arts Centre Notes to the accounts for the year ended: 31 March 2025 5 Trustee expenses & examination fees 5.1 Trustee expenses No trustees re￿iVed a remuneration for services rendered during the year. nor were any trustees, out of pocket expenses reimbursed. 5.2 Fees for examination of the accounts 2025 2024 Independent Examinerfs fees for reporting on the accounts 1,150 1,150 other fees paid to the Independent Examiner 6 Slaff costs and emoluments 2025 2024 Gross wages, salaries and benefits in kind Employers National Insurance Employers pension 57,333 48.278 1,039 1,900 Average number ol employees 2.18 1.75 7 Tangible fixed assets Flxtures, flttings & equipment Freehold land & buildings Total 7.1 Cost or valuation Balance blfwd 97,628 34.157 675,000 772.628 Athlilions 34.157 Disposals Balance clfv 131785 676.000 806 785 7.2 Depre¢latlon Balance blfyvd 66.360 4.809 66,360 4,809 Charge for year Disposals Balance clfwd 71.169 71.169 7.3 Net book value Brought forwar ,268 675,000 Carrled forward 67S 000 735616 Ownership of the Glusburn Institute building was transferred to the charity on 1st February 2012. £0.5m was as recorded with the Land Registry at the time of the transfer and £175.000 was added at the lime of installing a new lift and toilets in 2020. The trustees consider this remains a fair estimate of the current value of the building. 15 8 Stock 2025 2024 Bar stock 1,594 1,652 Total 9 Debtors and prepayments 2025 2024 Amounts falllng due wlthln one year Trade debtors Accrued income Prepayments 3.450 4,405 800 1,006 6.211 869 4,319 10 Cash at bank and in hand Unrestricted Funds Restrlct9d Funds Totsl 2025 Totsl 2024 Current bank account Deposit account Cash in hand and petty cash Transaction platforms 21.256 40,827 2,439 1,051 65.573 21,256 40.827 2.439 1,051 6S.S73 21,251 23,285 2,612 47,148 11 Crgditors and accruals 2025 2024 Amounts falling due wlthln ono year Trade creditors Deferred income Accruals and deferred income 3,471 1,097 12,612 17,180 13,816 6,444 20.260 16 12 Analysis of funds 12.1 Movement of major funds 2025 Balance blfvid Incoming resources Outgolng resources Balance Transfers clfwLI Unrestricted Funds General funds 59,298 150,420 134.668 31,172 106.222 Restrlctgd Funds Glusburn Institute 675,000 675.000 NYC Shared Prosperity Fund Icommunrty Buildings) NYC- Anchor 20.000 174 119.8261 15,000 15,000 NYC Shared Prosperty Fund {Digilal Inclusion) Glusburn & Cross Hills Parish Council Pioneer Projects Bradford VCS Alliance- Anchor Bradford VCS Alliance - Wellbeing Bradford VCS Alliance (Bradford 2025 Sgcial Prescribing Award) 3,900 1.137 {1,992) 771 8,000 {8,0001 5.000 5.000 2.640 2,200 440 5,4Cfj 5,4(XS 10.812 2,590 280 2,310 Craven Communities Together (via Skiplon Step Into Action) 1,0( 1.000 Craven Communities Together Wicked Issues (via Skiplon Slep Into Action) Emmott and Bradley SELFA 3,333 3.333 1,225 90 1,225 90 Glusburn Youth Theatre Other donations 3.000 1,354 71,223 2,799 201 11,354 } {31,172 } 681,721 38,492 683,280 Total Funds 741,019 221.643 173,160 789,502 17 2024 Balance bl￿d Incoming resource$ Outyolng resources Balance Transfers vnrestrl￿ed Funds General funds 60.578 120,192 121.761 289 59.298 Restricted Funds Glusbum Institute Emmott and Bradley Parish Council Airedale Group CDC Pioneer North Yorkshire Council Bradtord project Bradford VCS Alliance 675,000 1,268 8,030 675,000 1.225 43 13,030 3.000 561 6,279 15.000 880 5.000 3.000 850 1,279 {289) 5,000 15,000 880 5.406 5,406 90 SELFA Glusburn Youth Theatre 168 78 2,000 36,286 2,000 40,871 886,595 1289} 681,721 Totsl Funds 747,173 166.478 162.632 741,019 12.2 Restrlcted Income funds held Glusburn Institute building Funds representing the net book value of the Glusburn Institute. NYC Shared Prosperity Fund (Community Bulldlngs) and Glusburn & Cross Hills Parish Council Towards balcony refurbishment North Yorkshire Council & Bradford VCS Alliance Anchor To support the operations of the Charity Pioneer projects To support the provision of a Wellbeing Café and Mental Health support through the Craven Mental Health and Wellbeing Hub Ne￿Ork Bradford VCS Alliance Wellbeing To support the Wellbeing Hub Network aeross Bradford District and Craven, helping to reduce health inequalities NYG Shared Prosperity Fund (Digital Inclusion) To support digital inclusion and develop a digital hub Bradford VCS Alliance {Bradford 2025 Soclal PrescribÉng Award) and Craven Communities Together (via Skipton Step Into Action) To support singing for health, wellbeing and dementia through Social Singalong Craven Comrnunities Together Wicked Issues (via Sklpton Step Into Action) To support community health and wellbeing. Emmott and Bradley To support the bowls club and other user groups SELFA In support of the cookery sessions ft)r young people 18 12.3 Transfers between funds These represent capital spending in the year in Tespect of the balcony refurbishment and purchase of equipment funded by grants made for these purposes. 13 Net assets between funds Unrestricted Fund$ Rgstrlcted Funds Total 2025 Balances at 31st March 2025 Fixed assets Current assets Current liabilities 60,616 63.206 117,1801 675,000 8,280 735.616 71.486 117,180) 106,642 683,280 789.922 Unrestricted Restrlctsd Funds Funds Total 2024 Balances at 31st March 2024 Fixed assets Current assets Current liabilities 31.268 55,011 20.260 66.019 675,WO 11,595 706,268 55,011 20,260 741.019 686 595 19