**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
Page 1
## **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
Page 2
## **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:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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
Page 3
## **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
Page 4
## **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
- (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.
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
Page 5
**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|
Page 6
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...
Page 7
## **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|
|---|---|
continued...
Page 8
## **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|
|---|---|
continued...
Page 9
**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.
Page 10