REGISTERED COMPANY NUMBER: 07557971 (England and Wales) REGISTERED CHARITY NUMBER: 1143537
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
FOR
MYTHOLMROYD COMMUNITY ASSOCIATION
Cresswells 12 Market Street Hebden Bridge West Yorkshire HX7 6AD
MYTHOLMROYD COMMUNITY ASSOCIATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
| Page | Page | Page | |
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 | to | 13 |
MYTHOLMROYD COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of 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).
It is now 49 years since the people of Mytholmroyd decided to acquire a derelict chicken hut and convert it into a community centre providing accommodation for the Scouts, playgroup, youth club and a community hall.
The trustees are pleased to see that despite difficult economic conditions caused by Covid 19, utility costs and the cost of living crises the charity has maintained a steady growth during the year. Gym membership, classes and sports facility usage have grown; room hire and party bookings are starting to pick up. Despite the impact of Covid the trustees have been able to continue the investment in the centre. This has included work on the car park and redecoration within the centre.
OBJECTIVES AND ACTIVITIES Significant activities Groups and Organisations
Scout Group: The scout group has been unable to meet during long periods of the Covid virus. The trustees are pleased to see that the scouts are now able to meet in person. The range of activities and numbers have increased, and the scouts are now operating as normal.
Little Village Learners: The Little Village Learners have maintained strong numbers in all age groups, pre-school and after school clubs have strong numbers.
The Calder Valley Fell Runners: The fell runners have celebrated their 50th anniversary at the community centre and it was fantastic to be able to host their celebration. The fell runners maintain strong representation in all age groups and their training nights are well attended throughout the year. They are also continuing a run of success in regional, national and international competitions.
Mytholmroyd Weightlifting Club: It is good to see the weightlifting club able to start using their facilities again. The membership is starting to grow again as regular training is commencing. The club is maintaining a strong showing in all competitions and are looking to host events at the centre again.
A list of the present user groups and organisations are listed below.
Group Frequency Group Frequency 5 evenings & Scout Group weekends Slimming World Twice weekly Little Village Learners 5 days a week Elliot's Antique Fair Monthly Pre-school and after school club 5 days a week Table Tennis Weekly Calder Valley Fell Runners Weekly Weightlifting Club 5 times a week Karate Twice weekly Gym Daily Calderdale Cyclist Touring Group 4 weekends a year Fitness classes 38 classes a week Hebden Bridge Brass Pilates/yoga 4 times a week Band Twice yearly Hebden Bridge Probus Group Monthly Zumba 3 times a week Hebden Royd Saints Oct - Mar CI Adventures On-going Mytholmroyd Cricket Oct - Mar Ladies Keep Fit Weekly Weddings & birthdays Various Badminton club Weekly Walking football Twice weekly
Pilates/yoga Hebden Bridge Probus Group Hebden Royd Saints Mytholmroyd Cricket Weddings & birthdays Walking football
FINANCIAL REVIEW Reserves policy
The trustees purpose is to maintain its current policy of maintaining the reserves at a level of approximately six months operational expenditure.
Page 1
MYTHOLMROYD COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
07557971 (England and Wales)
Registered Charity number
1143537
Registered office
Mytholmroyd Community Centre Caldene Avenue Mytholmroyd Hebden Bridge HX7 5AF
Trustees
M Newsome Company Director R Haynes Company Director A R Heptinstall Trustee Mrs J D Clayton Trustee Mrs S Slater Trustee
Company Secretary
Independent Examiner
Cresswells 12 Market Street Hebden Bridge West Yorkshire HX7 6AD
ACKNOWLEDGEMENTS
The trustees wish to place on record their thanks to their conscientious staff, who ensure the efficient day to day running of the community and leisure centre. We also wish to thank Hebden Royd Town Council who support the Association and all members of the local community who continue to use the centre and thereby ensure it continued presence as part of local life.
Our thanks to John Dakin FCA, of Cresswells, our independent accountants.
Approved by order of the board of trustees on 23rd December 2024 and signed on its behalf by:
Mrs S Slater - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MYTHOLMROYD COMMUNITY ASSOCIATION
Independent examiner's report to the trustees of Mytholmroyd Community Association ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr John Dakin
Cresswells 12 Market Street Hebden Bridge West Yorkshire HX7 6AD
23rd December 2024
Page 3
MYTHOLMROYD COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 190,698 Charitable activities Trading 68,588 Other trading activities 2 104,039 Other income - Total 363,325 EXPENDITURE ON Raising funds (343) Other 311,037 Total 310,694 Net gains/(losses) on investments 6,031 NET INCOME 58,662 RECONCILIATION OF FUNDS Total funds brought forward 91,709 TOTAL FUNDS CARRIED FORWARD 150,371 |
Insurance claim £ - - - 7,857 7,857 - 7,857 7,857 - - - - |
Restricted fund £ - - - - - - - - - - 10,003 10,003 |
2024 Total funds £ 190,698 68,588 104,039 7,857 371,182 (343) 318,894 318,551 6,031 58,662 101,712 160,374 |
2023 Total funds £ 63,642 58,183 90,770 34,501 247,096 875 215,558 216,433 (4,801) 25,862 75,850 101,712 |
|---|---|---|---|---|
The notes form part of these financial statements
Page 4
MYTHOLMROYD COMMUNITY ASSOCIATION
BALANCE SHEET 31ST MARCH 2024
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 6 5,397 Investments 7 1 5,398 CURRENT ASSETS Stocks 8 1,433 Debtors 9 2,008 Cash at bank and in hand 143,705 147,146 CREDITORS Amounts falling due within one year 10 (2,173) NET CURRENT ASSETS 144,973 TOTAL ASSETS LESS CURRENT LIABILITIES 150,371 NET ASSETS 150,371 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
Insurance claim £ - - - - - 12,105 12,105 (12,105) - - - |
Restricted fund £ - - - - - 10,003 10,003 - 10,003 10,003 10,003 |
2024 Total funds £ 5,397 1 5,398 1,433 2,008 165,813 169,254 (14,278) 154,976 160,374 160,374 150,371 10,003 160,374 |
2023 Total funds £ 5,397 1 5,398 1,090 3,824 113,380 118,294 (21,980) 96,314 101,712 101,712 91,709 10,003 101,712 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.
-
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 5
MYTHOLMROYD COMMUNITY ASSOCIATION
BALANCE SHEET - continued 31ST MARCH 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 23rd December 2024 and were signed on its behalf by:
S Slater - Trustee
The notes form part of these financial statements
Page 6
MYTHOLMROYD COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - over 15 years
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| Sport facility receipts Sundry receipts Bar takings |
2024 £ 50,122 8,724 45,193 104,039 |
2023 £ 43,295 5,687 41,788 90,770 |
|---|---|---|
continued...
Page 7
MYTHOLMROYD COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st March 2024 nor for the year ended 31st March 2023.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
5.
| Employees No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Insurance funds claim £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 63,642 - Charitable activities Trading 58,183 - Other trading activities 90,770 - Other income - 34,501 Total 212,595 34,501 EXPENDITURE ON Raising funds 875 - Other 181,057 34,501 Total 181,932 34,501 Net gains/(losses) on investments (4,801) - NET INCOME 25,862 - RECONCILIATION OF FUNDS Total funds brought forward 65,847 - TOTAL FUNDS CARRIED FORWARD 91,709 - |
2024 12 Restricted fund £ - - - - - - - - - - 10,003 10,003 |
2023 12 Total funds £ 63,642 58,183 90,770 34,501 247,096 875 215,558 216,433 (4,801) 25,862 75,850 101,712 |
|---|---|---|
continued...
Page 8
MYTHOLMROYD COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024
| 6. TANGIBLE FIXED ASSETS COST At 1st April 2023 and 31st March 2024 DEPRECIATION At 1st April 2023 and 31st March 2024 NET BOOK VALUE At 31st March 2024 At 31st March 2023 7. FIXED ASSET INVESTMENTS MARKET VALUE At 1st April 2023 and 31st March 2024 NET BOOK VALUE At 31st March 2024 At 31st March 2023 There were no investment assets outside the UK. 8. STOCKS Stocks 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Amounts owed to group undertakings Pensions Accruals and deferred income |
2024 £ 1,433 2024 £ 2,008 2024 £ 1,420 482 271 12,105 14,278 |
Freehold property £ 181,393 175,996 5,397 5,397 Shares in group undertakin £ 1 1 1 2023 £ 1,090 2023 £ 3,824 2023 £ 1,107 733 178 19,962 21,980 |
|---|---|---|
Included in the above is monies received from the insurance policy for the damage caused in the floods. At the balance sheet date the amount still to be spent was £12,105 (2023 £19,962)
continued...
Page 9
MYTHOLMROYD COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024
11. MOVEMENT IN FUNDS
| Unrestricted funds General fund Car park fund Restricted funds General Restricted TOTAL FUNDS |
At 1.4.23 £ 91,709 - 91,709 10,003 101,712 |
Net movement in funds £ 51,157 7,505 58,662 - 58,662 |
At 31.3.24 £ 142,866 7,505 150,371 10,003 160,374 |
|---|---|---|---|
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Insurance claim Car park fund TOTAL FUNDS |
Incoming resources £ 263,325 7,857 100,000 371,182 371,182 |
Resources expended £ (218,199) (7,857) (92,495) (318,551) (318,551) |
Gains and losses £ 6,031 - - 6,031 6,031 |
Movement in funds £ 51,157 - 7,505 58,662 58,662 |
|---|---|---|---|---|
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds General Restricted TOTAL FUNDS |
Net movement At At 1.4.22 in funds 31.3.23 £ £ £ 65,847 25,862 91,709 10,003 - 10,003 75,850 25,862 101,712 |
|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Insurance claim TOTAL FUNDS |
Incoming resources £ 212,595 34,501 247,096 247,096 |
Resources expended £ (181,932) (34,501) (216,433) (216,433) |
Gains and losses £ (4,801) - (4,801) (4,801) |
Movement in funds £ 25,862 - 25,862 25,862 |
|---|---|---|---|---|
continued...
Page 10
MYTHOLMROYD COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Car park fund Restricted funds General Restricted TOTAL FUNDS |
At 1.4.22 £ 65,847 - 65,847 10,003 75,850 |
Net movement in funds £ 77,019 7,505 84,524 - 84,524 |
At 31.3.24 £ 142,866 7,505 150,371 10,003 160,374 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Insurance claim Car park fund TOTAL FUNDS |
Incoming resources £ 475,920 42,358 100,000 618,278 618,278 |
Resources expended £ (400,131) (42,358) (92,495) (534,984) (534,984) |
Gains and losses £ 1,230 - - 1,230 1,230 |
Movement in funds £ 77,019 - 7,505 84,524 84,524 |
|---|---|---|---|---|
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st March 2024.
Page 11
MYTHOLMROYD COMMUNITY ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024
| INCOME AND ENDOWMENTS Donations and legacies Subscriptions Donations Other trading activities Sport facility receipts Sundry receipts Bar takings Charitable activities Rents receivable Function room rent Other income Insurance claim Total incoming resources EXPENDITURE Other trading activities Opening stock Closing stock Other Interest on overdue taxes Support costs Finance Bank charges Other Wages Social security Pensions Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Advertising Repairs and refurbishment |
2024 £ 427 190,271 190,698 50,122 8,724 45,193 104,039 21,563 47,025 68,588 7,857 371,182 1,090 (1,433) (343) - 3,067 120,567 2,670 1,357 4,740 5,106 16,127 659 50 1,791 2,162 127,774 283,003 |
2023 £ 533 63,109 63,642 43,295 5,687 41,788 90,770 19,733 38,450 58,183 34,501 247,096 1,965 (1,090) 875 40 3,013 96,185 1,161 1,232 2,645 5,235 6,700 662 17 2,105 2,328 63,071 181,341 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 12
MYTHOLMROYD COMMUNITY ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024
| Other Other trading activities Bar expenses Governance costs Accountancy and legal fees Subscriptions Total resources expended Net income before gains and losses Realised recognised gains and losses Realised gains/(losses) on fixed asset investments Net income |
2024 £ 23,379 2,717 6,728 9,445 318,551 52,631 6,031 58,662 |
2023 £ 26,217 1,716 3,231 4,947 216,433 30,663 (4,801) 25,862 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 13