REGISTERED CHAIUTY NUTrIBER: 1158372 REPORT OF THE TRUSTEES AND FINNcIAL STATEII IENTS FOR THE YEAR ENDED 31ST AUGUST 2024 FOR COLNE CITADEL Ainsworths Limited Chartered Accountants Charter House Stansfield Streei Nelson Lancashire BB9 9XY
COLNE CITADEL CONTENTS OF THE FINANCIAL STATEIIENTS FOR THE YEAR ENDED 31ST ALGUST 2024 Page Report of the Trustees Ito4 Independent Examiner's Report lo the Members of Colne Citadel Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8t012
COLNE CITADEL REPORT OF THE TRLSTEES FOR THE YEAR ENDED 31ST AUGUST 2024 FINL MCIAL STATEINIE1Ts AND TRUSTEES, REPORT The trustees present their annual report and unaudiied fan(la1 statements of the charity for the year ended 31" August 2024. The fmancial slaiements comply with the Charities Act 2011 and Reporting by Charities.. Statement of Recornmended Practice applicable to charities preparintr their accounls in accordance with the Financial Reponing Standard applicable tn the United Kinudotn and Republic of Ireland (FRS 10?) (effective 1° January ?015) - (Charities SORP (FRS 102)). REFERENCE ADLNIILN ISTRATIVE DETAILS Registered Charity number 1158372 Registered office Colne Citadel Market Place Colne BB8 OHY Trustees and key management G Whileoak J Whiteoak R Dou(ylas G Melling A F Haworth Role Chairperson Independent Examiner M Sunter FCA Ainsworths Limited Chartered Accountants Charter House Siansfield Street Nelson Lancashire BB9 9XY Bankers Santander 3 Church Street Colne BB8 OEB Page I
COLNE CITADEL REPORT OF THE TRUSTEES (COLNTINLED) FOR THE YEAR EINDED 31ST AUGUST 2024 STRLTCTURE, GOVERNAINCE AND lALAGE1ENT Organisational status Colne Ciladel was registered as a charity on 27 August ?014 under the provisions of the Chartlies Act (Charity number.. 1158372) and is governed by a trusi deed. Organisational structure The Board cUentlY consists of the trustees and is responsible lor key policy decisions and the effective governance of the organisation overall. The trustees take care of the day to day nmnitLg and legal requirements of the charity and the Board Tneets on a regular basis. Recruitmellt and appoIntellt of new trustees Trustees are appointed to reflect the skills required to support the Board and its rallge of activities. The tsleeS thernselves appoint new tNstees to the Board and proi'ide appointees with a full orientation on the services provided, the decision- making processes of the charity and the roles and responsibilities of a inLStee, including tbeir legal obligations under applicable laws. Risk mallagement The Irusiees haTr'e examined the major strategic, business and operational risks which the charity faces and Conf that syslems have been established to ensure that regular reports are produced and that necessary steps can be taken to address any issues arising. 0EcTIvEs AND ACTIVITIES The principal activities of the charity are to further or benefit the residents of Colne and surmunding areas, Without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said reqidents and the local authorities, voluntary and other organisations in a common effort to advance education and lo provide facilities in ihe interests of social welfare lor recreation leisure time occupation with tbe objectii'e of improving the conditions of life for the residents. Public benefit In setting out the charity's objectives and planning of activities the trnstees have given carefijl consideratkon to the Charity Commission's general guidance and section 17(5) of the Charities Act 201 l. The tmstees are confident that the charity offers services of real and praclical use to the local population and therefore complies with the responsibility placed on all charities under the Charities Act 201 I to demonslrate a public benefit. ACHIEVETrIENTS AND PERFORMANCE On Nov I st 2022- three years funding was granted from the Reaching Communities Fund, National Lottery. This enabled employnienl of a full-time centre Manager to run, develop and expand our services to the community. Daytime activit?es in the centre have increased from two days each week to six. We have provided a safe. warn] space. low cosL nutritious food as well as a great variety of groups to cater for all abilities. ages and needs. Visitor numbers have increased steadily from an average of 400 visitors each week to 625 visitors. The number of visitors in crisis or requesting assistance with food support, fmancial dityiculties or mental health issues has increased significantly-possibly exacerbated by the cost-of-living crisis. For thts reason we have employed an Assistant Manager part-time to assist with crisis intervention as well as increased activities. Funding was secured to employ a part-time catering assistant to ensure we could cater for increased demand, open on Saturdays for breakfast as well as free up time for management to assist vtsitors and coordinate centre activities. Visitors in need of additional support are signposted lo other agencies such as debt services. housing needs or referred to the Social Prescribing or Integrated Board Team. Volunteer opportunities have increased. We now have 30 volunteers-whereas last year we had 16. Many of our volunteers were previously service users. Training of Volunteers has been provided by Lancashire Adult Learning. All volunteers have received travel or food expenses when appropriate. Our free, professional counselling service now has 18 Counsellors providing one-to-one sessions. The number of counbelling hours provided to our community has doubled lo almost 160 hours per month. At the request of local schools un eac In some ego erapy sessions w Ic ] are very popular. Page 2
COLNE CITADEI. REPORT OF THE TRUSTEES (COLNTILYLED) FOR THE YEAR ENDED 31ST AUGUST 2024 ACHIEVEIENTs AND PERFORLILINCE {CONTLYUED} We facilitate over 20 groups regularly- some of which are provided by other agencies wod(ing in partnership including stroke awareness, Integrated care board team who pmvide Nurse apEx>intments al our centre and health advice, substance misuse services, Narcotics Anonymous, fraud and scam preveniion . We ourselves run Art and Craft group, Mindfulness, Movement to music, peer support groups and nwiy other wellbeing groups. Rental income has increased. We hire out space at low cost lo other services which benefit our Community. Various improvemenis have been made lo our premises including new tables and chairs. new Wi-Fi system, new boiler, storage, vhite goods, installation of planters for growing vegetables and foodbank shed in the garden. We are currently in the process of having an entire reroof and render and have recently installed new windows, to keep energy costs down. Throughout the year we have held monihly social events- many in the evening/ weekend and to coincide with National or local events such as the King's coronation, Colne Gala, and Colne Blues Festival. This year we celebrate being opening 10 years and we hold a Citadels goi Talent event and A Peaky Blinders fundraiser. We have distributed over £7000 in food support on behalf of Pendle Borough Council to members of our community experiencing financial hardship, in the last 12 months. It has been a very busy year. Feedback and testimonies from visitors leads us to believe that Service users have felt welcomed, accepted, supported and safe in our centre. Future plans For the next twelve months we aim to continue our present groups and services. We will continue to network and build up links with other statutory and conununity organisations. We are offering extra support groups in December and we believe a group may be using us to open on Christmas day. We WTII continue to source fidIng and involving our community in planning of future services. FINANCIAL REVIEW The attached 5tatemellt of fanCIal activities shows how funds were raised and applied during the year. This Slatement separates funds which the charity controls itself (unrestricied funds) from those that have to be spent in a manner detem]ined by the donor (restricted funds). During the year ended 3 l August 2024 incotning resources amounted to £157,102 while resources expended amounted 10 £145,078. The net result for the year was a surplus of £12,0?4 which was an increase in unrestricted reserves to £32,334. Reserves policy It is the policy of the charity to maintain unrestricted funds, which are free reserves of the charity, at levels which equate to an excess of its projected needs for the forthcoming year, thereby providing sufficient funds to cover management, administration and support costs and enable the ongoing developmenl of projects. The trnstees believe the net asset position is wfficient to satisfy such tequiremenls alihough these levels of free reserves are reviewed on a regular basis. Risk assessment The trustees review the major risks faced by the charity during their regular meetings and conflnn there are systems in place to miligate them. Internal risks are minimised by the segregation of duties and procedures for authorisation of all transactions. Acknowledgements The trustees would like lo express thanks to all the charity's employees and volunteers. Page 3
COLNE CITADEL REPORT OF THE TRUSTEES (COLNTI)UED) FOR THE YEAR EL¥DED 31ST AUGUST 2024 STATELNIENT OF TRLSTEEES, RESPONSIBILITIES Under charity law, the trustees are responsible for preparing the Report of the Trustees and the fmancial statements for each financial year which show a lrne and Fair view olthe state of affairs of the charity and of the excess of income over expenditure for that period. In preparing these fmancial statements. generally accepted accounting practice entails that the trustees: select suitable accounting policies and then apply them consistently. make judgements and estimates that are reasonable and prudent; stale whether Ibe recommendations of the Statement of Recommended Practice have been followed, subject lo any material departures disclosed and explained in the fmancial statements; slate whether the fmancial statements comply with the In1 deed, subject to any material departures disclosed and explained in the fmancial statements; and prepare the fanciaL statements on the going concern basis unless it is inappropriate to presume that the charity will continue its activities. The trustees are required lo act in accordance with the trust deed olthe charity, within the framework of trust law. They are responsible for keepin proper a¢counlints records, sufficient to disclose at any time, with reasonable accuracy, the financial position of the charity at that time, and to enable theni to ensure that, where any statements of accounts are prepared by them under the Charities Act 2011 and the applicable Charity (Accoullts and Reports) Regulations, those statements of accounts comply with the requirements of regulations under those provistons. The trustees also have a general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and delect fraud and other irregularities. The trnstees are responsible for the maintenance and integrity of the charity and fmancial infomiation included on the charity's website. Charity requirements This report has been prepared in accordance with requirements set down by the Charities SORTr (FRS 102). ON BEHALF OF THE BOARD: ileoak- Trustee Dated.. 9th October 2024 J Whiteoak - Trustee Dated: 9 October 2024 Page 4
INDEPEIDENT EXATrItYERS REPORT TO THE TrIETrIBERS OF COLNE CITADEL I report on the accounts of Colne Citadel for the year ended 31" August 2024, which are set out on pages 6 to 12. Re5pectiTr'e responsibilities of the trustee5 alld eTazniner The charity's Iruslees are responsible t-or the preparation of the accounts. The charity's trnstees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independenl examination is needed. Having satisfied that the Charity is not subject to an audit under section 144(2) of the 201 l Act and is eligible for independent examination, il is my responsibility to: _ Examine the accounts under section 145 of the ?01 l Act; To follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and To stale whether particular matters have come to my atiention. Basis of independent examiner's report My examination was carried out in accordance Wlth the General Direciions given by the Charity Cornmissioner. An examination includes a review of the accounting records kepl by the charity and a con]parison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the a¢¢ounts, and the seeking of explanations from you as tnleeS concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a 'true and fair view and the report is limited to those matters sel out in the statern¢nt below. Independent examiner's statement In connection with nly examination. no Dtter has come to my attention: Which gives me reasonable cause to believe tbat. in any material respect. the requirements: (a) to keep aecounting records in accordance with section 130 of the 2011 Act- and (b) to prepare accounts which accord wtth the accounting records. comply with the accounting requirements of the ?0 I l Act have not been met. or To which, irl my opinion, attention should be drawn in order io enable a proper understanding of the accounts to be reached. Mark Sunter FCA Ainsworths Limited Charter House Siansfield Street Nelson Lancashire BB9 9XY Dated.. 9th October 2024 Page 5
COLNE CITADEL STATELNIENT OF FINAP4CI.4L ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2024 Unrestricted funds Restricted funds 2024 2023 Notes INCOINILYG RESOURCES Donations and grants Rents received Fundraisin(F Other income Interest received 4,717 4,049 2,120 24,499 396 121,321 126,038 4,049 2,120 24,499 396 118,86? 10,924 5,501 11,611 177 Total incoming resources 35,781 121 J21 157,102 147,075 RESOURCES EXPENDED Charitable activities 52.157 92,921 145,078 121,488 Total resources expended 52,157 92,921 145,078 121,488 NET MOvE1IEY1 T FUNDS {16,376) 28,400 12,024 25,587 RECONCILIATIOLN OF FUNDS Total funds brought forivard 48,710 48,710 23,123 TOTAL FUNDS CARIUED FORWARD 32,334 28,400 60,734 48,710 The statement of fmancial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities. The notes fortn part of these financial statements Page 6
COLf*E crrADEL BALA.NCE SHEET AT 31ST AUGUST 2024 2024 2023 Notes FIXED ASSETS Tangible assets 5,896 3,695 5,896 3,695 CURRENT ASSETS Cash at bank 55,666 46,979 55,666 46,979 CREDITORS Amounts falling due within one year NET CURRELNT ASSETS 828 1.964 54,838 45,015 TOTAL ASSETS LESS CLRRENT LIABILITES 60,734 48,710 NET ASSETS 60,734 48,710 Restricted Unrestricted 28,400 32,334 48.710 TOTAL FUNDS 60,734 48,710 The fmancial statements were approved by the Board of Trustees on 9th October 2024 and were signed on its behalf by: hileoak Trnstee J rywhiteoak Trustee The notes forni part of these fllwicial statements Page 7
COLNE CITADEL 40TES TO THE FINL tsLYCIAL STATE.NIEYTS FOR THE YEAR EINDED 31ST AUGUST 2024 ACCOUNTING POLICIES Statutory information Colne Ciladel is registered with the Charity Commission in England. The registered charity number and address can be found in the Report of the Trustee5 on page l. Basis of preparation The accounls (financial statements) have been prepared in a¢¢ordan¢e with the Statement of Reconllnended Practice- Accounting and Reporting by Charities preparin(J their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Financial Reporting Standard applicable in the Uniled Kingdom and Republic of Ireland (FRS 102) and the Charities Ael 2011 and UK Generally Accepted Practice as il applies from 1st January 2015. Con501idation The charity has elected io take exemption from the requirements to prepare consolidated aOuntS as perniitted by Charities SORP (FRS 102). Cash flow The charity is exempt from the requirement to prepare a cash flow statement as it qualifies as a small entity. Incoming resources All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled lo the income and the amount can be quantified with reasonable accuracy. Income from donations, legacies, ndraISing and similar incoming resources are included in tbe year in which they are receivable. Any income received for specific Purpose is accounted for as restricted funds when receivable. Resources expended Expendire is accounted for on an accruals basis (inclusive of attributable value added tax which cannot be recovered) and has been classified under the principal categories related to the cost. Costs allocated to activities in the furtherdnce of the charity's objects are those directly a8sociated with achieving the charity's goals. Governance costs are those incurred in connection with the management of the company's assets, organisational administration and compliance with constitutional and statuiory requiretnents. Where costs Calol be directly attribuled to particular headings they have been allocated to activities on a basis consislent with the use of resources. Fund accounting Unrestricted fijnds are available for use at the discretion of the trustees in the furtherance of the general activities of the charlty. Surplus funds can be allocated to restricted projects if the trnstees believe they are requited. Restricted funds are funds subject to specific restriction imposed by the donor5 for the purpose of any appeal in which the funds are raised and can only be used for particular pUoSe within the objects of the charity. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over ils estimated useful life. Fixtures and fittings 15 /(k reducing balance The notes forni part of these fmancial statements Page 8
COLNE CITADEL NOTES TO THE FILN.4NCIAL STATEIllEYI TS (CONTLNUED) FOR THE YEAR ELIDED 31ST AUGLST 2024 ACCOUNTING POLICIES (COliTINUED...) Taxation The trust is a registered charity and is therefore exempt from Income and Corporation Tax under the provisions of Section 505(1) of the Income and Corporntion Taxes Act 1988. NET INCOTrIE AND EXPENL DITURE FOR THE YEAR Net income and expenditure is stated after charging: 2024 2023 Depreciation Jndependenl examiner's remuneration." Independent examination fees Other accountancy services 652 652 300 1,020 300 1,020 INCOLIE FROM DONATIONS AND GRANTS 2024 2023 Donations 4,717 3.055 Grants The National Lottery Borough of Pendle Awards for All Lancashire Environmental Fund Garfield Weston Foundation The Pennine Trust Eric Wright Community Foundation Colne Town Council Lancashire County Council Jurgens Trust Duchy Benevolent Fund J H Rausing Trnsl SPX Foundation Neighbourly Sainsburys Bauer Radio Cash for Kids Other general Eranls 40,674 20,300 20,000 10,400 10,000 7,730 5,000 2,990 1,000 733 44,314 34,933 io,000 3.240 1,000 3.680 5.000 3,000 2,500 2,000 1,605 1,300 3,235 2,494 126,038 118,862 Income from donations and grants totaling £121,321 (2023: £115,807) were resiricted. The note5 forni part of these fmancial sthtements Page 9
COLNE CITADEL NOTES TO THE FILYANCIAL STATLNILNTS (COI%TLNtUED) FOR THE YEIiR EINDED 31ST AUGUST 2024 STAFF COSTS 2024 2023 Staffcosts.. Gross wages Social security Pensions 56,248 36.232 2.680 1,560 58,928 37,792 The average number ofemployees during the year were asfollows.. No Charitable services Managetlleni and administration During the year. no employee received remuneration in exce&s of £60,000 The trustees and key management personal have received neither remuneration nor reimbutsement of expenses during the period. RESOURCES EXPENDED 2024 2023 Staff wages Counsellors Food and consumables Vouchers and donations Miscellaneous expenses Bank charges Insurance Accountancy fees Advertising Repairs and maintenance Motor artd travel Utilities Post and stationery Professional fees Telephone Training Depreciation 58,928 16,060 20,966 17,549 5,034 139 862 lJ20 1,006 6,921 941 7,644 3,638 1,730 1,084 216 1,040 37,792 18,017 27,418 11,882 2,561 116 600 ,320 1,305 5,179 2,301 4,790 2,052 1,567 1.081 2,855 652 145,078 121,488 Resources expended totalling £92,921 (2023: £115,807) were restricted. The noles fortn part of these financial statements Page 10
COLNE CITADEL *OTES TO THE FTh ATr#CIAL STATEIIIELNTS (CONTINUED) FOR THE YEAR ELNDED 31ST AUGLST 2024 TANGIBLE FIXED ASSETS Fixtures and rittings Total COST Ai I" September 2023 Additions Disposals 4.347 3,241 4,347 3,241 At 31 st August 20?4 7,588 7,588 DEPRECIATIOI At 151 September 2023 Charge for year Eliminated on disposal 652 1,040 652 1,040 At 31" August 2024 1,692 1,692 NET BOOK VALUE At 3 Ig August 2024 5,896 3,695 At 315¢ August 2023 3,695 3,695 CREDITORS: thIOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Social security and other taxes Other creditors 553 275 736 1,228 828 1,964 The notes forni part of these fmancial statements Pagell
COLNE CITADEL NOTES TO THE FIINANL CIAL STATEIllEJTS (CONTINUED) FOR THE YEAR EINDED 31ST AUCL:ST 2024 ANALYSIS OF I%ET ASSETS BETIVEEN FUNDS 2024 Total funds 2023 Total Funds Unrestrieted funds Restricted funds Fixed assets Current assets Current liabilities 5,896 27,266 (828) 5,896 5),666 (828) 3,695 46,979 {1,964) 28,400 32J34 28,400 60,734 48,710 NIOVEMENT IN FUINDS Net movement in funds At 1.9.23 At 31.8.24 Unrestricted funds General 48.710 {16,376) 32,334 Restricted funds General Lancashire Environmental Fund Awards for All 8,400 20,000 8,400 20,000 TOTAL FUNDS 48,710 12,024 60,734 Net movement in funds, included in the above are as follows: Incoming resources Resources Recognised expended gaill51(losses) Movement in funds Unrestrieted funds General 35,781 (52,157) (16,376) Restricted finds General Lancashire Environmental Fund Awards for All 90,921 10,400 20,000 (90,921) (2,000) 8,400 20,000 157,102 {145,078) 12,024 The notes forni part of these financial statements Page 12