**REGISTERED COMPANY NUMBER: 8259045 (England and Wales) REGISTERED CHARITY NUMBER: 1151706** **REPORT OF THE TRUSTEES AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025** ## **FOR** **ILKLEY COMMUNITY ENTERPRISE LIMITED** Thomas Coombs Limited Statutory Auditor Chartered Accountants 3365 The Pentagon Century Way Thorpe Park Leeds West Yorkshire LS15 8ZB **ILKLEY COMMUNITY ENTERPRISE LIMITED** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|3|to|12| |**Report of the Independent Auditors**|13|to|16| |**Consolidated Statement of Financial Activities**||17|| |**Consolidated Statement of Financial Position**|**Consolidated & Charity**|18|| |**Consolidated Statement of Cash Flows**||19|| |**Notes to the Statement of Cash Flows**||20|| |**Notes to the Financial Statements**|21|to|32| |**Detailed Statement of Financial Activities**|33|to|34| **ILKLEY COMMUNITY ENTERPRISE LIMITED** ## **REPORT OF THE TRUSTEES** ## **FOR THE YEAR ENDED 31ST DECEMBER 2025** The Trustees are pleased to present their annual report together with the charity's financial statements for year ending 31st December 2025: these are also prepared to meet the Companies Act requirements for a director's report and accounts. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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** Our charity's purposes as set out in the objects contained in the company's Memorandum and Articles of Association, are: ## _**To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society.**_ The aims of our charity are to increase the levels of social and economic integration, independence and inclusion with a particular focus on people with learning disabilities and the elderly. ## **Principal activities** Our principal activities, in support of our aims and objectives, are as follows: - The support and development of adults with learning disabilities and/or autism through our Outside the - The delivery of care and support to enable people with learning disabilities, autism and/or other conditions, to enable them to live more independent lives in their own homes and in the community - The operation of an inclusive community café, a trading operation and workplace for the delivery of learning, skills development and support for people withe a learning disability - The provision of homecare services for older people, and others in need of additional support enabling them to live as independently, safely and healthily in their own homes. We also use grant or donated income to deliver specific projects and initiatives aligned with our overall objectives. ## **Public benefit** The Trustees have referred to the Charity Commission s guidance on public benefit when reviewing the charity's aims and objectives and in planning its current and future activities to achieve those objectives and aims. The Trustees believe that the charity is creating substantial public benefit through the services and activities it provides to people with learning disabilities and to older people, their support networks and the wider local community. Enabling greater independence, delivering new opportunities, supporting people in our client communities to have more fulfilled, healthier and inclusive lives as well as our work with employers, community groups, public bodies and local residents, provides clear and tangible public benefits, entirely in line with the charity's purpose, aims and objectives. ## **Our approach and values** As a registered charity and social enterprise, we work to deliver our charitable objects through our business operations: our trading activities generate the substantial majority of our income, and we reinvest any profits that we make back into our social mission and our community. We were founded by, and remain deeply rooted in our local community, nurturing links across the communities in which we work. We develop and leverage our community links to enhance opportunities and improve the inclusion, health and wellbeing of our clients and members, helping to deliver better lives for more people. Page 3 **ILKLEY COMMUNITY ENTERPRISE LIMITED** ## **REPORT OF THE TRUSTEES** ## **FOR THE YEAR ENDED 31ST DECEMBER 2025** Central to our approach to delivering our charitable objectives is the design and delivery of the highest quality services, products and opportunities for our members, clients, volunteers, customers and our local community. We recognise and value the contribution that can be made by all and are committed to treating everyone regardless of ability, age, gender, experience, status, faith or ethnic group with respect and to providing a positive, supportive and welcoming environment across all our business operations. Our core values, informing and underpinning all that we do, are as follows: _'Can do'_ - having a positive approach, taking responsibility, celebrating success and challenging when needed _Respect_ - always showing regard for the feelings and rights of others _Inclusion_ - friendly and welcoming to the whole community _Quality_ - delivering the highest standards in all our services and products Progression - committed to helping others to learn, develop and fulfill their potential _Enterprising_ - being creative, ambitious and bold in working to deliver our vision and purpose. ## **Overview of the year** The charity has had another successful year: whilst it has not been without challenges, in 2025 we achieved further growth, reach and impact across our operations, meaning that we positively changed the lives of more vulnerable people, remaining financially stable and sowing the seeds for future investment in the charity. Some of our highlights and key achievements included: - Engaging and supporting an average of 75 service users (OTB members) each week in our Outside the Box (OTB) day services and activities Over 600 OTB Choices sessions delivered - Further expansion in our Independent Living Service to support new clients (adults with a learning disability) to have greater independence including for some, for the first time, living in their own homes: we delivered over 15,000 hours of support 100% of parents/carers reported that they felt OTB provides high-quality services that have a positive impact - Over 20,000 customers served at our local community café, with 98% rating our menu offer, customer service and value for money as excellent or very good Providing the best quality care at home for an average of 50 clients each week and retaining our Care Quality Commission ratings of Outstanding for Care Quality and Good overall Launching our OTB Dine-In events, showcasing the talents and abilities of our members and successfully delivering 2 dining events attended by 90+ people Working in partnership with local community groups to provide new events and activities including an OTB Gourmet Syrian evening with Road to Damascus Our members taking part in BBC Contains Strong Language a weekend celebrating poetry, spoken word, and performance as part of Bradford City of Culture 2025 Developing and launching new websites for Outside the Box and Carers and Companions Expanding our community volunteer team Successfully completing our 3-year National Lottery- funded Working Lives project - Upgrading our training kitchen providing new facilities for our cooking and baking courses Promoting the creativity and talents of our members with local exhibitions including OTB Portraits exhibition and special showcases as part of Learning Disability Week and Autism Acceptance Week Implementing new digital systems to support improved efficiency and service responsiveness including digital social care records Page 4 **ILKLEY COMMUNITY ENTERPRISE LIMITED** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025** ## **Significant activities** We deliver our purpose through a number of operations. This year, these have included: ## **Outside the Box Community Café** Awarded Best Café 2025 award in the Ilkley Business Awards, our inclusive community café continued to be a popular and highly valued place for customers and local groups. We have also developed our profile as an events venue with a wide range of celebrations, meetings, classes and events being hosted by the café and at The Arcade. Alongside this, the café continued to provide the key setting for delivery of our Working Life service, supporting our members to gain work experience, employability skills, to develop their confidence, social skills and to be highly visible in the local community. This unique and award-winning model continued to receive glowing feedback from customers and delivered real impact on our OTB members. _loves her time at OTB. Thank you for creating an amazing place enabling her to grow in confidence, develop many skills, make friends and develop social skills in a friendly, caring and, all(parent)_ ## **Outside the Box Member Services (OTB Choices)** Our portfolio of education, training, work experience and supported opportunities for people with a learning disability and/or autism (our members) helped more than ever from our client community to lead more independent, fulfilled and healthy lives. Delivered by our team of tutors and Support Workers, supported by service management, OTB Choices provided an extensive range of courses, workshops and projects spanning health and wellbeing, the world of work, visual and performing arts and skills development to members from across the local area, including from Bradford, Leeds and North Yorkshire local authority districts. Showcasing the achievements and capabilities of our members formed a key part of our work over the year, including: - Our new Dine-In events, which are planned and delivered with members including our catering, baking, Skills+ and Working Life members - The OTB Portraits exhibition of work created by our arts, crafts and photography groups We continued to get consistently positive feedback from our OTB members and their families on the difference made by our service provision. Page 5 **ILKLEY COMMUNITY ENTERPRISE LIMITED** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025** ## **Carers and Companions** Through this wholly owned and controlled subsidiary business, we deliver homecare and support to elderly people and people with health conditions, physical and learning disabilities. During 2025 we continued to build on our Care Quality Commission (CQC) rated 'outstanding' care quality and market-leading reputation, delivering excellent care and support to those in need in our local community. Our team of highly committed and skilled Community Carers provided much valued care and support to many elderly people, enabling them to continue living in their own homes as independently and healthily as possible. Our Independent Living Service (ILS) team provided home and community support to clients, helping adults with a learning disability to move into and thrive in their own supported independent living homes, pursue their life goals and be active, safe and involved in an extensive range of community activities. During 2025, we continued to achieve growth in this service, with families actively choosing us to deliver support to their loved ones. ## **Workforce and volunteers** During 2025, through the delivery of business targets, we have continued to create new employment opportunities and to safeguard the jobs of our employees. As our services have expanded so our staff team has also grown and we now employ 60 people, many of them local residents of Ilkley and the surrounding we offer highly competitive terms, flexibility together with extensive training, development and employee support. We could not achieve the success we have without the commitment of our employees and our community volunteers. Our diverse team of volunteers has grown over the period, and we have continued to benefit from the rich mix of skills, expertise and time provided to us by our volunteers. We had over 30 regular community volunteers providing circa. 4,000 volunteer hours to the charity in 2025, a sizable and very much valued contribution to our work. We thank all our employees for their continued commitment and contribution to the work of the charity and express our sincere appreciation to our volunteers for providing their time, skills and experience to our charity. ## **PLANS FOR FUTURE PERIODS** of living and inflationary pressures and the severe financial constraints on local authorities including social care budgets, rising operational and employer costs, more complex service demand and regulatory changes, are all impacting the charity, as well as the sector as a whole. Moreover, our experience during 2025 has been that recruitment, both of staff and volunteers, has become increasingly demanding, with cost pressures on salaries, competition for talent and a significant downturn in levels of volunteering/regular volunteering (63% of small UK charities report difficulty in recruiting volunteers) from pre-pandemic levels. In response to these challenges we remain focused on rigorous budget management, strong governance and a proactive approach to income growth and diversification, alongside a consistent focus on best quality and impactful services for the people that we serve. Page 6 **ILKLEY COMMUNITY ENTERPRISE LIMITED** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025** Specific plans include: - Growing our service offer including through local area expansion and securing new clients and members. This includes working in partnership with Otley Common, launching Outside the Box services to meet local need and demand in our neighbouring area of Otley. This will open up additional opportunities for people with learning disabilities in that area as well as for the Otley - Leveraging the full potential of our premises and catering operations including delivering local events for income generation and opportunities for our members and clients - Enhancing our links with local schools and colleges, including special schools, and other service providers, to strengthen our pipeline of new members and clients - Investing in the training, development and progression of our employees including to support retention and internal career progression (growing our own) - Strengthening our volunteer offer, recruitment and support including to reach younger people and to provide more flexible opportunities - Continuing to deploy digital technologies and systems to maintain/improve our operational effectiveness and efficiency, and reduce costs where appropriate - Actively pursuing opportunities for additional funding and/or value-adding collaborative activities Further strengthening our difference made and impact evaluation evidence base. Ensuring that we maintain high quality in our service delivery, are able to clearly evidence our impact and retain a focus on a person-centred approach that is enabling and empowering of our clients and members, will be ongoing priorities. As with many in the charity and social enterprise sector, we continue to face real challenges including a dynamic operating environment, recruitment difficulties and rising operational costs. These pressures require us to be ever more agile, efficient and innovative. The creativity, resilience and determination that were defining features of both the origins of the charity and our last 12 years of operation, will continue to underpin our work: ensuring our sustainability, growth and positive place and impact in our local community. Page 7 **ILKLEY COMMUNITY ENTERPRISE LIMITED** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025** ## **FINANCIAL REVIEW** ## **Financial Review** The charity, through the meticulous management of our cashflow, substantial success in securing grant and other funding and continuing service delivery through Outside the Box and Carers and Companions, generated a small surplus on unrestricted funds. Net surplus for the year was £21,016 including a net surplus of £23,318 on unrestricted funds and net deficit of £2,302 on restricted funds. Unrestricted reserves were £356,615 at year end. The major expenditure of the charity related to: the operation of Outside the Box (Café, Working Life and Choices); service delivery by Carers and Companions; and investment into the maintenance and refurbishment of The Arcade premises. ## **Principal funding sources** The main income streams for the charity comprised: trading income from OTB cafe; fee income for OTB member services; grant funding; and contributed trading income from Carers and Companions. Other income was from a number of sources including grants, corporate and individual donations. ## **Investment policy and objectives** Aside from retaining a prudent level of reserves each year, the charity's funds will be invested in activities to further the objects as set out in our Memorandum and Articles of Association. The Board is committed to reinvesting any surplus funds and will on an annual basis, as part of business planning, review the charity's investment priorities and agree relevant investments to meet identified needs and opportunities aligned to our objects. ## **Reserves policy** The charity implements a reserves policy, agreed by the Board, that addresses the main risks to the organisation, ensures that unrestricted funds and operating surpluses are maintained at a sufficient level to enable activities to be continued at a sustainable level in the event of significant changes in our business operation. The Trustees, taking account of Charity Commission guidance, a reasonable period of trading costs, wind up The upper level is set at £180,000 representing the projected unrestricted funds that the charity requires, based on a review of the budget for the forthcoming year and the risks associated with the delivery of that budget. As at the year end free reserves, which are calculated as unrestricted reserves less fixed assets and long term funding (over 1 year) and the Charity Bank account as noted below, are £143,632. The Trustees consider that these reserves are within the target range and are adequate to meet the forthcoming obligations of the charity. In line with our loan agreement with The Charity Bank, we retain £15,000 in a Charity Bank account. ## **Going concern** The Trustees and management team continually monitor performance, forecasts, anticipated cash flows and funding levels together with the political and economic environment, in order to manage the charity's future expenditure against its income, and ensure it remains able to meet its commitments. Having considered this the Trustees are of the opinion that the charity will remain viable for the foreseeable future. Page 8 **ILKLEY COMMUNITY ENTERPRISE LIMITED** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025** ## **Supporters and donors** We thank all those organisations who have provided us with financial support over the year including the following: The National Lottery Reaching Communities Fund; the ASAMMA Charitable Trust; and The Graham and Diane Smith Charitable Trust. We also thank all those who have made private donations to the charity. Your support is sincerely appreciated. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The organisation is a charitable company limited by guarantee, incorporated on 18 October 2012 and registered as a charity on 19 April 2013. The company was established under a Memorandum and Articles of Association identifying the objects and powers of the company and is governed by this document. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **The Board** The Directors of the company are also charity Trustees for the purposes of charity law and comprise the Board for the charitable company. All Directors/Trustees give their time voluntarily and receive no benefits from the charity. The following changes in Trustees/Directors occurred in period: Appointments Andrew Howarth January 2026 Resignations None The Board is well represented in terms of the expertise and skills necessary to effectively lead and manage the charity with our Trustee Directors providing a broad knowledge and skills base. This includes: - Mr Graham Smith (Chairman): successful businessman, Ex-Chair of numerous businesses involved in the health and charitable sectors in the UK and Europe; and providing substantial expertise in business strategy and growth, charity leadership, finance and investment, elderly care and special education; - Mrs Amanda Stainton: previously HR Director at Portakabin Ltd, Non-Executive Director of Leeds Teaching Hospital Trust and Chair of Governing Body at a local primary school, providing extensive HR and business expertise together with culture and organisational change skills; - Mr Michael Walker: a retired business services professional, long-serving volunteer at Outside the Box and active community volunteer including with Burley Festival, providing insights on volunteer engagement and support and our internal communications; - Ms Asia Munir: a director with leading law firm Walker Morris, headquartered in Leeds with a global client base, Asia brings substantial expertise in property law, commerciality and family experience of disability, all driving a strong commitment to supporting the development and growth of the charity; and - Mr Lewis Couth: a partner with leading law firm Walker Morris and part of the firm's Diversity and Inclusion Group, Lewis was recognised in the Legal 500 as 'a new generation of lawyer', with experience of charity governance and deep connections to West Yorkshire - Mr Andrew Howarth: operational lead for Otley Common, a vibrant social, cultural and entrepreneurial community hub in the neighbouring town of Otley, Andrew has wide experience in education, community development and volunteering together with extensive local knowledge. Page 9 **ILKLEY COMMUNITY ENTERPRISE LIMITED** ## **REPORT OF THE TRUSTEES** ## **FOR THE YEAR ENDED 31ST DECEMBER 2025** The Board is supported by our CEO, Louise Hale. One of the founders of the charity, Louise is highly qualified (MBA, PGCE in Adult Education) with over 40 years' experience in strategic, operational and consultancy roles in post-16 education, training and employment, business development, regeneration, research and competitive tendering and funding. We are committed to maintaining a broad and appropriate skills mix on the Board and to ensuring a diversity of membership that adequately reflects our overall business, the scope of our services and the needs of our members, volunteers, customers and stakeholders. Trustee opportunities are communicated through open recruitment, networking and invitation and appointments are approved at Board meetings in ## **Management and Structure** The Board is responsible for the strategic direction, leadership, management and policy of the charity. The Board is supported by the charity's Chief Executive Officer and an Accountant and Company Secretary (paid, part-time). The Board meets monthly and uses sub-groups e.g. finance, project development, quality, to support delivery of strategic and operational priorities with the charity's management team. The Chief Executive Officer and Business/Service Managers work to agreed levels of delegated authority reporting to the Board on a monthly basis. We monitor, and revise as appropriate, our organisational structure and staffing to ensure that we have the right resources, skills and expertise to fully deliver our charitable objects. ## **Induction and training of new trustees** Trustees are familiar, through their involvement with other charitable organisations and practical involvement with the charity, with both the obligations of Board members and the detailed operations of the charity. New Trustees are provided with appropriate induction and training and an annual review is implemented to identify and agree action to address training and support needs of all Board members. Page 10 **ILKLEY COMMUNITY ENTERPRISE LIMITED** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Related parties** The charity has a loan agreement with the Graham and Diane Smith Charitable Trust (G&DSCT), relating to the purchase of The Arcade premises. ## **Risk management** The Trustees have a risk management strategy that comprises: - A Risk Register with scheduled reviews of the principal risks and mitigations; - Policies, systems and procedures to mitigate identified risks: and - The implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise. The Board, at its monthly meetings, reviews safeguarding risks and issues, the currency of accreditations and training for relevant risks including health and safety, food hygiene and information security. These risks are managed by ensuring accreditation is up to date, having robust policies and procedures in place, and regular training for staff and volunteers working in all relevant operational areas. The Trustees also manage general financial risks arising, ensuring that: prudent budgets are set; strong financial controls are in place; regular management accounts are provided showing performance against budget; and contingencies are in place for actions to be taken if income targets are at risk. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Company number** 8259045 (England and Wales) ## **Registered Charity number** 1151706 ## **Registered office** Outside the Box Cafe The Arcade South Hawksworth Street Ilkley LS29 9DY ## **Company Secretary** Ms J Kendall ## **Auditors** Thomas Coombs Limited Statutory Auditor and Chartered Accountants 3365 The Pentagon Century Way Thorpe Park Leeds West Yorkshire LS15 8ZB Page 11 ILKLEY COMMUNI￿ ENTERPRSE LIMITED REFERENCE AND ADMINISTRATIVE DETAIiS Acknowled8ments The work and athievements of the charity would not be possible without the advice. support and generosity of many individuals, groups and organisations. We wish to express our thanks and appreciation for all those who support us. STATEMENTOF TRUSTEES, RESPONSIBIUTIES Company law requires the Board to prepare financial st3tements for each financial year that give a true and fair view of the state of affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources. including income and expenditure forthe financial year. In preparingthe financial statements, the Trustees are required to: Select suitable accounting polioes and then apply them consistentlyi Observe the methods and prinaples in the Charilie5 SORP.. Make judgements and estimates that are reasonable and prudent,. State whether applicable UK accounting standards have been followed. subject to any material departures disclosed and explained in ihe financial statements,- and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charilv will continue in business. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any tiwne the financial p051tlon of ihe charlry and to enable them TO ensure ThaT Ihe financial statements comply with the Companies Act 20(kS. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detertion of fraud and other irreRularities. The Trustees are responsible for the Maintenan￿ and integrfcy of the corporate and financial information. AuD￿ORs The auditors, Thomas Coombs Limited. will be proposed for re-appointment at the forthcoming Annual General Meeting. Approved oft of Trusteès ttn 24, June 2026 and signed on its behalf by.. (TrLrteel Pago 12 **ILKLEY COMMUNITY ENTERPRISE LIMITED** ## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ILKLEY COMMUNITY ENTERPRISE LIMITED** ## **Opinion** We have audited the financial statements of Ilkley Community Enterprise Limited (the 'charitable company') and its subsidiaries December 2025 which comprise the Consolidated Statement of Financial Activities, the Consolidated Statement of Financial Position, the Charity Statement of Financial Position, the Consolidated Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - December 2025 and of - ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group and charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. ## **Other information** The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ## **Opinions on other matters prescribed by the Companies Act 2006** In our opinion, based on the work undertaken in the course of the audit: - the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the Report of the Trustees has been prepared in accordance with applicable legal requirements. Page 13 **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ILKLEY COMMUNITY ENTERPRISE LIMITED** ## **Matters on which we are required to report by exception** In the light of the knowledge and understanding of the group and charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. ## **Responsibilities of trustees** As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the group and charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Page 14 **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ILKLEY COMMUNITY ENTERPRISE LIMITED** ## **Our responsibilities for the audit of the financial statements** Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Extent to which the audit was capable of detecting irregularities, including fraud Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our knowledge of the business and sector, enquiries of directors and management, and review of regulatory information and correspondence. We communicated identified laws and regulations throughout the audit team and remained alert to any indication of non-compliance through the audit. We discussed with directors and management the policies and procedures in place to ensure compliance with laws and regulations and otherwise prevent, deter and detect fraud. Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations identified as potentially having a material effect on the financial statements. Our procedures included review of financial statement information and testing of that information, enquiries of management and examination of documents, analytical procedures to identify unusual or unexpected relationships that may indicate fraud, and procedures to address the risk of fraud through director or management override of controls. At the completion stage of the audit, the engagement partner's review included ensuring the audit team had approached their work with appropriate professional scepticism and thus the capacity to identify non-compliance with laws and regulations and fraud. The primary responsibility for the prevention and detection of fraud rests with those charged with governance and management, and we cannot be expected to detect non-compliance with all laws and regulations. There are inherent limitations in the audit procedures described above and the further removed non-compliance of laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. In addition, the risk of not detecting a material misstatement relating to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Page 15 REPORT OF THE INDEPENDENT AUDITORSTOTHE MEMBERS OF ILKLEY COMMUNITY ENTERPRISE LIMITED ofour rawl This report is rnade solety to the charitable company's mernbeTS, as a bodyp in aC￿rdaTh￿ with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might gtate to the charitable company's Members those matiers we are required to state io them in an auditors, report and for no other purpose. To the fullesr exreni permitted by law. we do not accept or responsibility to anyone other rhan rhe charitable company and the charitable company's members as body, for our audit work. forthi5 report. or forthe opinion5 we have fortned. Christopher DapNin FCA15enior Statutory Audiiorl for and on behalf ofThomas Coombs Limited sratutory Auditor Chartered Accountants 3365 The PenI￿on Centuryway Thorpe Park Leeds West Yorkshire LS15 8ZB 25 June 2026 Page 16 ## **ILKLEY COMMUNITY ENTERPRISE LIMITED** ## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2025** |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Grants and donations
2
**6,700**
**Charitable activities**
3
Charitable activities
**1,613,914**
**Total**
**1,620,614**
**EXPENDITURE ON**
**Charitable activities**
4
Charitable activities
**1,597,296**
**NET INCOME/(EXPENDITURE)**
**23,318**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**333,297**
**TOTAL FUNDS CARRIED FORWARD**
**356,615**|**2025**
2024
Restricted
**Total**
Total
funds
**funds**
funds
£
**£**
£
**102,996**
**109,696**
170,974
**-**
**1,613,914**
1,383,953
**102,996**
**1,723,610**
1,554,927
**105,298**
**1,702,594**
1,439,657
**(2,302)**
**21,016**
115,270
**2,302**
**335,599**
220,329
**-**
**356,615**
335,599|**2025**
2024
Restricted
**Total**
Total
funds
**funds**
funds
£
**£**
£
**102,996**
**109,696**
170,974
**-**
**1,613,914**
1,383,953
**102,996**
**1,723,610**
1,554,927
**105,298**
**1,702,594**
1,439,657
**(2,302)**
**21,016**
115,270
**2,302**
**335,599**
220,329
**-**
**356,615**
335,599| |---|---|---| |||115,270
220,329| |||335,599| The notes form part of these financial statements Page 17 ILKLEY CthMMUNITY ENTERPRISE UMITED CONSOLIDATED STATEMENT OF FINANCIAL POSlnON 31ST DECEMBER 2025 Gr•up zrity 2025 2024 2025 2024 Not•5 FIXED ASSErs Tangl￿+ assets Invq5trnenrs 475,075 531,982 472.595 527,G20 13 475,075 531.982 472.YJ5 527.020 CURRENfASSErs Stoeks Oebto Cash at bank 14. 15 4,259 143,369 4,312 141,743 172.614 4.312 181045 137,785 188,312 143 273 329202 318,669 335,B44 324.142 CREDirops Amounts fallingdueTrMthin oneyear 16 I170￿70} 1182,5951 1178,8861 1188.1431 NETCURRENfASS￿S 136.074 156.958 135,999 TOTALLSSE15 LESS CURREKf UABILinES 6J8,707 668.056 629,553 663.019 CREoifoR5 Amounts falling du• after more than on• year 17 1277m21 1332.4571 1277.0921 1332,457) NET ASSE75 335,599 35Wi 330,562 fUNDS 31 Unrestricted f¥nds Re5friLted fvnds 356ffi15 333.297 2.302 35Wi 328,260 2.Y)2 TOTAL FUNDS CARRIED FORWARD 335,599 351461 330.562 These financial staterT*nts have bvn prepared in accordancewith the prov&5ors appllcabk to charttab￿ companie5 5ubje¢tto the small companie5 regirnè. atements were appr¢)ved by the Board 0fTr￿teeS and outhorisd for ￿u? on 24th June 2026 and wer4 siened on its Gr mrfth (Chalrl ste The notesfomi part of th•setlnanclal st*eni#nts Pale 18 ## **ILKLEY COMMUNITY ENTERPRISE LIMITED** ## **CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST DECEMBER 2025** |Notes
**Cash flows from operating activities**
Cash generated from operations
1
Interest paid
Net cash provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Net cash used in investing activities
**Cash flows from financing activities**
Bank loan repayments in year
Other loan repayments in the year
Net cash used in financing activities
**Change in cash and cash equivalents in the**
**reporting period**
**Cash and cash equivalents at the beginning of**
**the reporting period**
**Cash and cash equivalents at the end of the**
**reporting period**|**2025**
**£**
**89,065**
**(16,865)**
**72,200**
**(3,699)**
**(3,699)**
**(19,541)**
**(40,000)**
**(59,541)**
**8,960**
**172,614**
**181,574**|2024
£
134,251
(19,728)
114,253
(16,338)
(16,338)
(17,936)
**(**40,000)
(57,936)
40,249
132,365
172,614| |---|---|---| The notes form part of these financial statements Page 19 ## **ILKLEY COMMUNITY ENTERPRISE LIMITED** ## **NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST DECEMBER 2025** ## **1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES** |**Net income/(expenditure) for the reporting period (as per the Statement of**
**Financial Activities)**
**Adjustments for:**
Depreciation charges
Interest paid
Decrease/(increase) in stocks
Decrease/(increase) in debtors
(Decrease)/increase in creditors
**Net cash provided by operations**|**2025**
**£**
**21,016**
**60,606**
**16,865**
**53**
**(1,626)**
**(7,849)**
**89,065**|2024
£
115,270
60,587
19,728
(122)
(60,439)
**(**773)
134,251| |---|---|---| ## **2. ANALYSIS OF CHANGES IN NET DEBT** |At 1/1/25
Cash flow
**At**
£
£
**Net cash**
Cash at bank
**172,614**
**8,960**
**172,614**
**8,960**
**Debt**
Debts falling due within 1 year
**(59,638)**
**4,176**
Debts falling due after 1 year
**(332,457)**
**55,365**
**(392,095)**
**59,541**
**Total**
**(219,481)**
**68,501**|**31/12/25**
**£**
**181,574**
**181,574**
**(55,462)**
**(277,092)**
**(332,554)**
**(150,980)**| |---|---| The notes form part of these financial statements Page 20 **ILKLEY COMMUNITY ENTERPRISE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025** ## **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 £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. ## **Going concern** At the time of signing these accounts, having considered the economic climate, the Trustees expectations and intentions for the next 12 months, and the availability of working capital, the Trustees are of the opinion that the charity will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going concern basis. ## **Preparation of consolidated financial statements** The consolidated financial statements include the results of the charity and its subsidiary undertaking drawn up to the reporting date. All intra-group transactions, balances, income and expenses are eliminated on consolidation. ## **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. ## **- Incoming resources with related expenditure** Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SoFA. ## **- Client fee income** Members are invoiced at the end of each month for services used during that month, and recognised in the accounts in that month. ## **- Grants and donations** Grants and donations are included in the SoFA when the charity has unconditional entitlement to the resources. ## **- Contractual income and performance related grants** This is only included in the SoFA once the related goods or services have been delivered. ## **- Grants with performance conditions** Where the charity receives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the specified service or output has been met. ## **- Grants payable without performance conditions** These are only recognised in the accounts when a commitment has been made and there are no conditions to be met. Grants are released in line with the expenditure that meets the conditions of the grant. Where grants include the acquisition of fixed assets, the fixed assets are written off fully in line with the grant release. ## **- Tax reclaims on donations and gifts** Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which they relate. continued... Page 21 **ILKLEY COMMUNITY ENTERPRISE LIMITED** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2025** ## **1. ACCOUNTING POLICIES - continued** ## **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. ## **Goodwill** Goodwill, being amounts paid in connection with business acquisition, is amortised evenly over its estimated life of 4 years. ## **Tangible fixed assets** Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: Long leasehold 10 83 years Fixtures & fittings 3 years Computer equipment 3 years ## **Stocks** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## **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. ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **Donated goods** ## **- Gifts in kind** Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable. ## **- Donated services and facilities** These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. ## **- Volunteer help** continued... Page 22 **ILKLEY COMMUNITY ENTERPRISE LIMITED** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2025** ## **1. ACCOUNTING POLICIES - continued** ## **Financial instruments** The company only enters into liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, contractual provisions of the instrument. Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised. Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised. Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## **Investments** Fixed asset investments are stated at amortised cost. ## **Individual Income Statement** As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements ## **2. GRANTS AND DONATIONS** |Donations and legacies
Grants
Grants received, included in the above, are as follows:
BMDC
Access to work
National Lottery|Group
**2025**
2024
**£**
£
**19,100**
26,680
**90,596**
144,294
**109,696**
170,974
Group
**2025**
2024
**£**
£
**-**
7,000
**-**
4,280
**90,596**
133,014
**90,596**
144,294|Group
**2025**
2024
**£**
£
**19,100**
26,680
**90,596**
144,294
**109,696**
170,974
Group
**2025**
2024
**£**
£
**-**
7,000
**-**
4,280
**90,596**
133,014
**90,596**
144,294| |---|---|---| |||144,294| continued... Page 23 **ILKLEY COMMUNITY ENTERPRISE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2025** ## **3. INCOME FROM CHARITABLE ACTIVITIES** |Café - Takings
Members income
Carers and companions
Other income
**4.**
**CHARITABLE ACTIVITIES COSTS**
Charitable activities
**5.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
Direct costs
Overheads
Depreciation
Interest
**6.**
**SUPPORT COSTS**
Charitable activities
Support costs, included in the above, are as follows:
Auditors' remuneration
Auditors' remuneration for non audit work|Direct
Costs (see
note 5)
£
**1,691,044**||Group
**2025**
2024
**£**
£
**184,599**
196,152
**436,620**
380,388
**991,977**
807,413
**718**
-
**1,613,914**
1,383,953
Support
costs (see
note 6)
Totals
£
£
**11,550**
**1,702,594**
Group
**2025**
**2024**
1,351,494
1,163,859
262,078
184,483
60,607
60,587
16,865
19,728
**1,691,044**
**1,428,657**
Governance
costs
£
**11,550**
**2025**
2024
Charitable
Total
activities
activities
**£**
£
**11,550**
**11,000**
**-**
**-**
**11,550**
**11,000**| |---|---|---|---| ||||| continued... Page 24 **ILKLEY COMMUNITY ENTERPRISE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2025** ## **7. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): |Auditors' remuneration
Auditors' remuneration for non audit work
Depreciation - owned assets|Group
**2025**
2024
**£**
£
**11,550**
11,000
**-**
-
**60,607**
60,587| |---|---| ## **8. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31st December 2025 nor for the year ended 31st December 2024. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31st December 2025 nor for the year ended 31st December 2024. ## **9. STAFF COSTS** |Group
**2025**2024
**£**£
Wages and salaries
**1,083,336**
928,114
Social security costs
**102,350**
59,300
Other pension costs
**20,665**
17,252
**1,206,350**
1,004,666|Charity
**2025**2024
**£**£
**323,307**
341,389
**71,951**
39,306
**14,681**
11,016
**409,939**
391,710|Charity
**2025**2024
**£**£
**323,307**
341,389
**71,951**
39,306
**14,681**
11,016
**409,939**
391,710| |---|---|---| |||391,710| The average monthly number of employees during the year was as follows: |Service delivery staff
Support staff|Group
**2025**
**55**
**4**
**59**|
2024
55
2| |---|---|---| |||57| No employees received emoluments in excess of £60,000. The charity considers the key management personnel of the charity (in addition to the Trustees) to be the Chief Executive Officer (CEO), and the 5 Heads of Service lines. Payments were made to the personal company of the CEO in relation to services provided to the charity in that role in the sum of £58,000 (2024: £54,770). Remuneration paid to the Heads of Service lines, inclusive of employers social security and pension contributions, amounted to £161,974 (2024: 139,514). continued... Page 25 ## **ILKLEY COMMUNITY ENTERPRISE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2025** |**10.**
**COMPARATIVES FOR THE CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES**
2024
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
7,680
**Charitable activities**
Charitable activities
1,383,953
**Total**
1,391,633
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
1,267,377
**NET INCOME/(EXPENDITURE)**
124,256
**RECONCILIATION OF FUNDS**
Total funds brought forward
209,041
**TOTAL FUNDS CARRIED FORWARD**
333,297
**11.**
**INTANGIBLE FIXED ASSETS**
**Charity and Group**
**COST**
At 1st January 2025 and 31st December 2025
**AMORTISATION**
At 1st January 2025 and 31st December 2025
**NET BOOK VALUE**
At 31st December 2025
At 31st December 2024|2024
2024
Restricted
Total
funds
funds
£
£
163,294
170,974
-
1,383,953
163,294
1,554,927
172,280
1,439,657
(8,986)
115,270
11,288
220,329
2,302
335,599
Goodwill
£
**1,260**
**1,260**
**-**
-| |---|---| Intangible asset cost represents the original cost of goodwill acquired on the acquisition of businesses to further the charities activities. The cost has been fully amortised through the accounts subsequent to acquisition continued... Page 26 **ILKLEY COMMUNITY ENTERPRISE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2025** ## **12. TANGIBLE FIXED ASSETS** |**TANGIBLE FIXED ASSETS**||||| |---|---|---|---|---| |**Group**
**COST**
At 1st January 2025
Additions
At 31st December 2025
**DEPRECIATION**
At 1st January 2025
Charge for year
At 31st December 2025
**NET BOOK VALUE**
At 31st December 2025
At 31st December 2024|Long
leasehold
£
**836,447**
**-**|Fixtures
and
Computer
fittings
equipment
£
£
**107,140**
**7,721**
**1,671**
**2,028**||Totals
£
**951,308**
**3,699**| ||**836,447**
**316,243**
**51,085**
**367,328**
**469,119**
520,204|**108,811**
**96,975**
**7,382**
**104,357**
**4,454**
10,165|**9,749**
**6,108**
**2,140**
**8,247**
**1,502**
1,613|**955,007**| |||||**419,326**
**60,606**| |||||**479,932**| |||||**475,075**| |||||531,982| ## **Charity** Charity fixed assets are as above except with respect to Fixtures and fittings and Computer equipment, for which additions in the year were as above, depreciation £5051 and £1991 and Net Book value at 31[st] December 2025 £2,121 and £1,352 respectively. ## **13. FIXED ASSET INVESTMENTS** There were no investment assets outside the UK. The company's investments at the balance sheet date in the share capital of companies include the following: ## **Carers and Companions Limited** Registered office: England & Wales Nature of business: Homecare and independent living services ||%|||| |---|---|---|---|---| |Class of share:|holding|||| |Ordinary||**100**||| ||||**2025**|2024| ||||**£**|£| |Aggregate capital and reserves|||**15,643**|18,037| |Profit/(Loss) for the year|||**(883)**|10,689| The cost of the original acquisition of Carers and Companions Limited of £169,000 has been wholly amortised through the accounts subsequent to acquisition continued... Page 27 **ILKLEY COMMUNITY ENTERPRISE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2025** ## **13. FIXED ASSET INVESTMENTS (ctd)** The summary financial performance of the subsidiary is shown below: |Turnover
Cost of Sales and Administrative expenses
Net Profit
Amount gift aided to the charity
Retained in the subsidiary
The assets and liabilities of the subsidiary were:
Fixed and Current Assets
Current Liabilities
Total Net Assets
Aggregate share capital and reserves|**2025**
**£**
**991,977**
**991,360**
**617**
**1,500**
**(883)**
**133,408**
**(117,765)**
**15,643**
**15,643**|2024
**£**
807,513
730,635| |---|---|---| |||76,878
66,185
10,693
140,097
(122,060)
18,037
18,037| |**14.**
**STOCKS**
Stocks
**15.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Amounts owed by group undertakings
Prepayments and accrued income|Group
**2025**
**£**
**65,356**
**-**
**78,013**
**143,369**|2024
£
76,505
-
65,238
141,743|Charity and Group
**2025**
2024
**£**
£
**4,259**
4,312
Charity
**2025**
2024
**£**
£
**18,436**
27,288
**137,570**
127,014
**32,306**
27,747
**188,312**
182,045| |---|---|---|---| continued... Page 2 **ILKLEY COMMUNITY ENTERPRISE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2025** ## **16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** Group Charity |**2025**
**£**
Bank loans and overdrafts (see note 18)
**15,462**
Other loans (see note 18)
**40,000**
Trade creditors
**68,999**
Social security and other taxes
**24,671**
VAT
**2,805**
Other creditors
**-**
Accruals and deferred income
**18,633**
**170,570**
**17.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**

Bank loans (see note 18)
Other loans (see note 18)
**18.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Charity Bank loan
Nat West Bank loan
G & D Smith Charitable Trust loan
Amounts falling between one and two years:
Charity Bank loan
Nat West Bank loan
G & D Smith Charitable Trust loan
Amounts falling due between two and five years:
Charity Bank loan
Nat West Bank loan
G & D Smith Charitable Trust loan|2024
£
19,638
40,000
74,491
20,416
3,310
-
24,740
182,595

|**2025**
2024
**£**
£
**15,462**
19,638
**40,000**
40,000
**88,650**
97,928
**20,419**
16,267
**2,805**
3,310
**-**
-
**11,550**
11,000
**178,886**
188,143
Charity and Group
**2025**
2024
**£**
£
**197,092**
212,457
**80,000**
120,000
**277,092**
332,457
Charity and Group
**2025**
2024
**£**
£
**10,188**
8,990
**5,274**
10,648
**40,000**
40,000
**55,462**
59,638
**11,086**
9,683
**-**
4,998
**40,000**
40,000
**51,086**
54,681
**38,346**
34,490
**-**
-
**40,000**
80,000
**78,346**
**114**,490|**2025**
2024
**£**
£
**15,462**
19,638
**40,000**
40,000
**88,650**
97,928
**20,419**
16,267
**2,805**
3,310
**-**
-
**11,550**
11,000
**178,886**
188,143
Charity and Group
**2025**
2024
**£**
£
**197,092**
212,457
**80,000**
120,000
**277,092**
332,457
Charity and Group
**2025**
2024
**£**
£
**10,188**
8,990
**5,274**
10,648
**40,000**
40,000
**55,462**
59,638
**11,086**
9,683
**-**
4,998
**40,000**
40,000
**51,086**
54,681
**38,346**
34,490
**-**
-
**40,000**
80,000
**78,346**
**114**,490| |---|---|---|---| ||||59,638| ||||9,683
4,998
40,000| ||||54,681| ||||34,490
-
80,000| ||||**114**,490| continued... Page 29 **ILKLEY COMMUNITY ENTERPRISE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2025** ## **18. LOANS - continued** |**18.**
**LOANS - continued**||| |---|---|---| ||Charity and Group|| ||**2025**|2024| ||**£**|£| |Amounts falling due in more than five years:||| |Repayable by instalments:||| |Charity Bank loan|**147,660**|162,280| Bank loans consist of a mortgage loan from the Charity Bank towards the acquisition of Victoria Arcade, the charity's leasehold property, and a Nat West bounce back loan, to assist working capital during the Covid pandemic. The Charity Bank loan is repayable by instalments over 20 years, ending September 2038, bears interest at 3.5% above Bank of England base rate, and is secured as explained at note 20. A condition of the loan is to hold £15,000 in a bank account at the Charity Bank, which is included within Cash at Bank. The Nat West loan is repayable by instalments over 5 years, ending June 2026 and bears interest at 2.5%. Other loans represents a loan from The Graham and Diane Smith Charitable Trust. Further to a re-negotiation on 6th December 2023 the terms of the loan were amended and it is now repayable by instalments over 5 years ending December 2028, and bears no interest provided the repayment terms are met. ## **19. LEASING AGREEMENTS** The charity has lease commitments in relation to the underlying ground rent on its leasehold premise of £20,000 per annum, to expire June 2111. ## **20. SECURED DEBTS** The following secured debts are included within creditors: |
Charity Bank loan|Charity and Group
**2025**
2024
**£**
£
**207,280**
216,443| |---|---| Secured loans consist of a loan from the Charity Bank, which is secured by a fixed and floating charge on the property of the charity, a deposit of £15,000 held at the Charity Bank, and other assets and undertakings of the charity. ## **21. MOVEMENT IN FUNDS - GROUP** |**Unrestricted funds**
General fund
**Restricted funds**
National Lottery
Donations
**TOTAL FUNDS**|Net
movement
At
At 1/1/25
in funds
31/12/25
£
£
£
**333,297**
**23,318**
**356,615**
**2,302**
**(2,302)**
**-**
**-**
**-**
**-**
**2,302**
**(2,302)**
**-**
**335,599**
**21,016**
**356,615**|Net
movement
At
At 1/1/25
in funds
31/12/25
£
£
£
**333,297**
**23,318**
**356,615**
**2,302**
**(2,302)**
**-**
**-**
**-**
**-**
**2,302**
**(2,302)**
**-**
**335,599**
**21,016**
**356,615**| |---|---|---| |||**-**| |||**356,615**| continued... Page 30 **ILKLEY COMMUNITY ENTERPRISE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2025** ## **21. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |||Incoming|Resources|Movement| |---|---|---|---|---| |||resources|expended|in funds| |||£|£|£| |**Unrestricted funds**||||| |General fund|**1,620,614**||**(1,597,296)**|**23,318**| |**Restricted funds**||||| |National Lottery||**90,596**|**(92,898)**|**(2,302)**| |Donations||**12,400**|**(12,400)**|**-**| |||**102,996**|**(105,298)**|**(2,302)**| |**TOTAL FUNDS**|**1,723,611**||**(1,702,594)**|**21,016**| |**Comparatives for movement in funds**||||| ||||Net|| ||||movement|At| |||At 1/1/24|in funds|31/12/24| |||£|£|£| |Unrestricted funds||||| |General fund||209,041|124,256|333,297| |Restricted funds||||| |National Lottery||9,288|(6,986)|2,302| |Donations||2,000|(2,000)|-| |||11,288|(8,986)|2,302| |TOTAL FUNDS||220,329|115,270|335,599| |Comparative net movement in funds, included in the above are as follows:||||| |||Incoming|Resources|Movement| |||resources|expended|in funds| |||£|£|£| |Unrestricted funds||||| |General fund|1,391,633||(1,267,377)|124,256| |Restricted funds||||| |Access to Work||4,280|(4,280)|-| |ASAMMA Charitable Trust||15,000|(15,000)|-| |National Lottery||133,014|(140,000)|(6,986)| |Donations||11,000|(13,000)|(2,000)| |||163,294|(172,280)|(8,986)| |TOTAL FUNDS|1,554,927||(1,439,657)|115,270| continued... Page 31 **ILKLEY COMMUNITY ENTERPRISE LIMITED** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2025** ## **21. MOVEMENT IN FUNDS - continued** Restricted Donations represent funds received in respect of specific members of the charity to meet funding requirements for services delivered. The National Lottery fund represents funds received under a 3-year award to meet specific service delivery projects, with an emphasis on health, well-being and employability. ## **22. RELATED PARTY DISCLOSURES** As described at note 18 included in the accounts is a loan from The Graham and Diane Smith Charitable Trust (TGDSCT) of £120,000. Graham Smith is a Trustee of the charity. The Loan is subject to a formal agreement approved by the Trustees and management. Page 32