REGISTERED COMPANY NUMBER: 07989224 (England and Wales) REGISTERED CHARITY NUMBER: 1149402
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2023
FOR
OSGOLDCROSS FORUM LIMITED
Wyatt Morris Golland Ltd Park House 200 Drake Street Rochdale Lancashire OL16 1PJ
OSGOLDCROSS FORUM LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2023
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | ||
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
OSGOLDCROSS FORUM LIMITED
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 MARCH 2023
TRUSTEES
TRUSTEES E Beechey D Nicklin REGISTERED OFFICE Osgoldcross House Ferrybridge Business Park Fishergate Ferrybridge West Yorkshire WF11 8JR
REGISTERED COMPANY NUMBER 07989224 (England and Wales) REGISTERED CHARITY NUMBER 1149402 INDEPENDENT EXAMINER Wyatt Morris Golland Ltd Park House 200 Drake Street Rochdale Lancashire OL16 1PJ
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OSGOLDCROSS FORUM LIMITED (REGISTERED NUMBER: 07989224)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 MARCH 2023
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 30 March 2023. 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's principal objective as set out in its constitution is to work to improve the quality of life for all the community of Osgoldcross and the surrounding areas of Yorkshire
Significant activities
Our current project funding to extend youth and community activities is still running, the Company continues to operate and run youth provisions at various locations throughout southern North Yorkshire, Ferrybridge and into central Knottingley, West Yorkshire. We also offer detached youth work in these locations. We have been able to operate our full program in 2022/23 and are now seeing an increase in footfall at our provisions since the disruption from the pandemic. The Community Transport arm remained on hold in 2022/23. The luncheon club remains inactive since the pandemic, discussions have started to look at bringing this back in early 2024 along with regular afternoon teas to be led by young people. A befriending service is also something we are at the early stages of discussion, to look at starting some further work around this in early 2024 to link in with the warm spaces grants that are available locally.
Public benefit
In planning their objectives and activities for the year the trustees have considered the Charity Commission guidance on public benefit, including the guidance on public benefit and fee charging. The society relies on grants and the income from charges to cover its operating costs. In setting the level of charges the society gives careful consideration to the accessibility of the service for those on low income.
FINANCIAL REVIEW
Financial position
The charity had a deficit for the year on unrestricted funds of £2,367 which has been deducted from the reserves brought forward. The restricted reserves are £51,629 and unrestricted free reserves of the charity are £3,447.
Investment policy and objectives
The trustees have considered the most appropriate policy for investing funds and consider that a bank deposit account, serve the needs of the charity.
Reserves policy
It is the intention of the trustees to achieve a balance of free reserves equivalent to 3-6 months costs.
Going concern
There are no material uncertainties about the charity's ability to continue as a going concern.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is a company limited by guarantee and has no share capital, its governing document being its articles of association. It was registered as a charity on 22 October 2012.The Company's directors act as trustees for the charitable activities undertaken by the company. The sole purpose of the Company is to undertake charitable activities in accordance with its Articles of Association.The titles of Directors and Trustees are therefore interchangeable.
Organisational structure
The charity operations are conducted by the trustees and where necessary delegated to the Finance, Administration and Operations Manager.
Key management remuneration
Key management remuneration amounted to £47,723.
Approved by order of the board of trustees on 18 December 2023 and signed on its behalf by:
D Nicklin - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OSGOLDCROSS FORUM LIMITED
Independent examiner's report to the trustees of Osgoldcross Forum Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 March 2023.
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
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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
Patricia Richards FCA, DChA
Wyatt Morris Golland Ltd Park House 200 Drake Street Rochdale Lancashire OL16 1PJ
18 December 2023
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OSGOLDCROSS FORUM LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 MARCH 2023
| 2023 Unrestricted Restricted Total funds funds funds Notes £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies - 120,007 120,007 Other trading activities 2 7,942 - 7,942 Investment income 3 174 - 174 Total 8,116 120,007 128,123 EXPENDITURE ON Raising funds 4,159 - 4,159 Charitable activities Charitable activities 6,324 106,841 113,165 Total 10,483 106,841 117,324 NET INCOME/(EXPENDITURE) (2,367) 13,166 10,799 RECONCILIATION OF FUNDS Total funds brought forward 7,244 38,463 45,707 TOTAL FUNDS CARRIED FORWARD 4,877 51,629 56,506 |
2022 Total funds £ 58,914 4,777 1,942 65,633 4,080 112,151 116,231 (50,598) 96,305 45,707 |
|---|---|
The notes form part of these financial statements
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OSGOLDCROSS FORUM LIMITED (REGISTERED NUMBER: 07989224)
BALANCE SHEET 30 MARCH 2023
| Unrestricted Restricted funds funds Notes £ £ FIXED ASSETS Tangible assets 8 1,430 900 CURRENT ASSETS Debtors 9 1,501 - Cash at bank and in hand 9,238 50,729 10,739 50,729 CREDITORS Amounts falling due within one year 10 (7,292) - NET CURRENT ASSETS 3,447 50,729 TOTAL ASSETS LESS CURRENT LIABILITIES 4,877 51,629 NET ASSETS 4,877 51,629 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
2023 Total funds £ 2,330 1,501 59,967 61,468 (7,292) 54,176 56,506 56,506 4,877 51,629 56,506 |
2022 Total funds £ 3,106 1,333 47,424 48,757 (6,156) 42,601 45,707 45,707 7,244 38,463 45,707 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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.
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 18 December 2023 and were signed on its behalf by:
D Nicklin - Trustee
The notes form part of these financial statements
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OSGOLDCROSS FORUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2023
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.
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.
| Plant and machinery | - at varying rates on cost |
|---|---|
| Motor vehicles | - 25% on reducing balance |
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
3.
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Tuck shop income | 3,555 | 777 |
| Employment allowance | 4,387 | 4,000 |
| 7,942 | 4,777 | |
| INVESTMENT INCOME | ||
| 2023 | 2022 | |
| £ | £ | |
| Deposit account interest | 174 | 1,942 |
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continued...
OSGOLDCROSS FORUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2023
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 776 | 1,036 |
| Deficit on disposal of fixed assets | - | 409 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 March 2023 nor for the year ended 30 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 March 2023 nor for the year ended 30 March 2022.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Full time Part time No employees received emoluments in excess of £60,000. |
2023 2 2 4 |
2022 2 2 4 |
||
|---|---|---|---|---|
| 2022 | 2021 | |||
| £ | £ | |||
| Wages | 66,220 | 64,395 | ||
| Social security | 4,388 | 4,350 | ||
| Pension | 2,325 | 2,327 | ||
| Freelance workers | 1781 | |||
| 74,714 | 71,072 | |||
The social security was covered by the employment allowance
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies - Other trading activities 4,777 Investment income 1,942 Total 6,719 EXPENDITURE ON Raising funds 4,080 Charitable activities Charitable activities 7,562 Total 11,642 |
Restricted funds £ 58,914 - - 58,914 - 104,589 104,589 |
Total funds £ 58,914 4,777 1,942 65,633 4,080 112,151 116,231 |
|---|---|---|
continued...
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OSGOLDCROSS FORUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2023
| 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds funds £ £ NET INCOME/(EXPENDITURE) (4,923) (45,675) RECONCILIATION OF FUNDS Total funds brought forward 12,167 84,138 TOTAL FUNDS CARRIED FORWARD 7,244 38,463 8. TANGIBLE FIXED ASSETS Plant and Motor machinery vehicles £ £ COST At 31 March 2022 and 30 March 2023 35,805 17,029 DEPRECIATION At 31 March 2022 35,805 13,923 Charge for year - 776 At 30 March 2023 35,805 14,699 NET BOOK VALUE At 30 March 2023 - 2,330 At 30 March 2022 - 3,106 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Prepayments 1,501 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Other creditors 892 Accrued expenses 6,400 7,292 |
Total funds £ (50,598) 96,305 45,707 Totals £ 52,834 49,728 776 50,504 2,330 3,106 2022 £ 1,333 2022 £ 947 5,209 6,156 |
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continued...
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OSGOLDCROSS FORUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2023
11. MOVEMENT IN FUNDS
| Net At movement 31.3.22 in funds £ £ Unrestricted funds General fund 7,244 (1,193) Tuck Shop - (1,174) 7,244 (2,367) Restricted funds WYCA Capital 1,200 (300) Youth on the Move 37,263 13,466 38,463 13,166 TOTAL FUNDS 45,707 10,799 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 4,387 Tuck Shop 3,729 8,116 Restricted funds WYCA Capital - Youth on the Move 120,007 120,007 TOTAL FUNDS 128,123 Comparatives for movement in funds Net At movement 31.3.21 in funds £ £ Unrestricted funds General fund 12,167 (1,990) Tuck Shop - (2,933) 12,167 (4,923) Restricted funds WYCA Capital 1,600 (400) Youth on the Move 82,538 (45,275) 84,138 (45,675) TOTAL FUNDS 96,305 (50,598) |
Transfers between At funds 30.3.23 £ £ (1,174) 4,877 1,174 - - 4,877 - 900 - 50,729 - 51,629 - 56,506 Resources Movement expended in funds £ £ (5,580) (1,193) (4,903) (1,174) (10,483) (2,367) (300) (300) (106,541) 13,466 (106,841) 13,166 (117,324) 10,799 Transfers between At funds 30.3.22 £ £ (2,933) 7,244 2,933 - - 7,244 - 1,200 - 37,263 - 38,463 - 45,707 |
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continued...
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OSGOLDCROSS FORUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2023
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Tuck Shop Restricted funds WYCA Capital Youth on the Move TOTAL FUNDS |
Incoming resources £ 4,006 2,713 6,719 - 58,914 58,914 65,633 |
Resources Movement expended in funds £ £ (5,996) (1,990) (5,646) (2,933) (11,642) (4,923) (400) (400) (104,189) (45,275) (104,589) (45,675) (116,231) (50,598) |
|---|---|---|
Warwick Wheels / Community Transport
In the past funds have been provided to run a low cost community transport service for the area. The project was run in partnership with Big Local, Metro-WYCA Community Transport Delegated Fund and North Yorkshire Council (NYCC). Funds have been provided to purchase and maintain vehicles, employ a transport co-ordinator and for project support costs which are deemed appropriate by the Big Local Partnership.The current balance remaining on the fund is represented by the vehicle purchased and is being reduced by the annual depreciation on the vehicle. Provision of this service remained on hold during the year.
Youth on the Move
3 year Continuation funding from the National Lottery, of Youth on the Move - A longer term project for young people to provide free open access youth provisions for young people 5 - 19 years old, 25 years old with additional needs. Working in small villages in North Yorkshire and West Yorkshire the outcomes are to promote active lifestyles, increase young people's happiness and contentment, combat social isolation and develop young people's social skills in a safe and secure environment.
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 March 2023.
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