REGISTERED CHAiiffY NUMBFR: 1158372 REPORT OF THE 'fRUSTEES AND FINAI¥CIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 FOR COLNE CITADEL Ainsworths Limited Chartered Accountants Charter House Stan5field Street Nelson Lancashire BB9 9XY
COLNE CITADEL CONTENTS OF THI HNAI¥4CL4L STATEMENTS FOR THE YII AR ENDED 31ST AUGUST 2025 Page Report of the Trnstee8 Ito4 Independent Examiner's Report to the Members of Colne Citadel Staternent of Financial Activities Balan¢e Shest Notes to the Financial Statements 8t012
COLLYE CIT ADEL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025 FINANCIAL STATEIVLENTS AND TRUSTEES, RLI PORT The trustees present their annual report and w]audited fjnancial StateentS of tbe charity for the year ended 31$t August 2025. The fancial statements Gomply with the Charities Act 2011 and Reporting by Charities., Statement of Recommended Practice apphcable to charities pr¢parillg their accounts in acoordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) (effective 1st January 2015) - (Charlties SO1 (FRS 102)). REFERENCE ALYD ADMINISTRATIVEI DETAILS Regl8tered Charity number 1158372 Regtstered office Colne Citadel Market Place Colne BB8 OHY Trustees and key management G Whiteoak J Wbiteoak R Dougla8 G Melling K MatTion Role Chairperson Independent Examlner M SunterFCA Ainsworlhs Limited Chartered Accountants Charter House Stansfield Street Nelson Lancashire BB9 9XY Bankers SantandeT 3 Church Street Co]ne BB8 OEB Page I
COLNLI CITADEL REPORT OF THE TRUSTEES (CONTINUED) OR THE YEARENDED 31ST AUGUST 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisatiollal status Colne Citadel was registered as a charity on 27th August 2014 under the provisions of the Charities Act (Charity nurnber.. 1158372) and is governed by a trust deed. Organisational structure The Board cutTently consists of the trnstees and is responsible for key policy decisions and the effective governance of the organisation overall, The trn8t¢e8 take care of the day to day rLuming and legal requiretnents of the charity and the Board meels on a regul ba818, Recruitment and appointment of new trustees Trustees are appointed to refle¢t the skills required to support the Board and its range of activities. The tru8tees then]8¢lves appoint new Irustees ¢0 the Board and provid¢ appointees with a full orientation on the serri¢es provide the decision- aking processes of the cbarity and the roles and responsibilitie8 of a trnstee, including their legal obligations und¢r appliGable law8. Risk management The tteeS have examined the major strategic, business and operational risks which the Charity fa¢es and confirn tbat 8ySterns have been established to ensure that regular reports are produGgd that necessary steps can be takell to address any issues arising. OBJECTtVES AND ACTIVITIES The principal tivitieS of the charity are to further OT benefit the residents of Colne and 8urrounding areas, without distin¢tion of sex, Sexual orientstioffj race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a Gi)mmon effort to advance education and to provide facilitie8 in the interest8 of social welfare for recreation leisure tine occupation with the objective of improving the conditions OE life for the residents. Public benefit In setting out tbe charity's objectives and planning" ot activities the trustees have given careful ¢on8id¢ration to the Charity Commission's general guidance and section 17(5) of the Charities Act 2011. The trLi8te¢8 are confident that tlLe Charity offers 8ervi¢e8 of real and practical use to the local population and therefore complie8 with the responsibility placed oll all charities under the Charities Act 201 I to demonstrate a public benefit. ACHIEVEMENTS AND PERFORTrL4NCL On Nov Ist 2022- three years funding was granted from the Reaching Cornmunitie8 Fulld, Nalional Loltery. This enabled etnployment of a thll-time ¢¢ntre fvIanager to run, develop and expand our seThices to the community. Daytitne activities in the centre have increased from two days each week to six. W¢ hav¢ provided a safe. warm space, low cost, nu.tritious food as well as a great variety of group8 to cater for all abllities, ages aad needs. Vi81tor numbers have increased steadily from an average of 400 visitors each week to 625 vi8ltors. The llumber of visitors in crisis or requesting assistance with food sypport, fjllancial di£ficultie8 or tnental health issues has increased 8ignificantly-possibly exi1Gerbated by the cost-of-living crisis. For this reason, we have employed an Assistant Manager part-time to assist with crlsis interventiott as well as increased activities. Funding was seclired lo employ a part-time catering assistant to ¢nsur¢ we could Gater for ittGrea8ed demand, open on Saturdays for breakfast as well as free up tinLe for management to assist V181tors and ¢oordinate centr¢ activiti¢8. Vi8ltor8 in need of additional support are Signposted to otber agencie8 such as debt 8ervices, housing n¢¢d8 or referred to the Social Prescribing or Integrated Board Tea. Volunteer opportunities have increased. We now have 30 volimteers-whereas last yearwe had 16. Many of our volunteers were previously Service users. Training of Volunteers has been provided by Lancasbire Aduli. LeartLing. All volunteers have received travel or Eood expenses when appropriate. Our frge, professional coun8¢lling service now provid¢s over 200 a year. This a5 quadnipled in the last 3 years. Page 2
COLNE crrADEL I PORT OF THE TRUSTEES (CONTtNUED) FOR THE YEAR ENDED 31ST AUGUST 2025 ACHIEVEMEL¥TS AND PERFORTrIALYCE (COLYTILNUED) We facilitate over 20 groups regularly- Some of which are provided by other agencies working in partnership including stroke awareness, Integrated care board team WI provide Nurse appointments at our centre and health advice, substance isuse 8ervice8, Narcotics Anonymous, fraud alld scatn preventiort. We ourselve8 run Art and Craft groups, Mindfulness, peer support groups and many other wellbeing group8. Rental income has continued. We hire out space at low cost to other services which benefit our cornmunity. Various improvements have been made to our prethi8e8 including new tables and chairs, new Wi-Fi system, new boiler, storage, white goods, illstallation of planters for growing vegetables and foodbank sbed in the garden. We have recently had a 11 re roof and windows. It has been a very busy year. Feedback and testimonies from visitors leads us lo believe that Service users have felt welcomed, accepted, supported and safe in our centre. Future plans For the next twelve rnonths we aim to continue our present Lryoups and services and increase our Fornlal and InfoTrn&I Partner8hips. We will ¢ontinue to network and build up lilllis with other stathtory and con]munity organisations, We will Continue to source fill]ding alld involving our collllnunity in planning of seLvices, FINANCIAL REVIEW The attached statement of fanCial activities shows bow funds were raised and applied during the year. This statement Separates funds which the chfjrity controls itself (unrestricted funds) from those tbat have to be Spent in a manlleT determined by the donor (restricted funds). During the year ended 3 1st August 2025 incoming resources amounted to £133,519 while resourGgs expended amoiulted to £161,049. The net result for the year was a deficit of £27,5.10 which was largely due to restricted inco¢ of £28,400 received in th8 Previous year being Spent in the curr¢nt year. Current year perforniance has seen an in¢reas¢ in the LUestrICted funds of £870. The significant spend in the current y¢ar is due to large repairs being carried out, including roofLng costs of £34,680. Reserves po]icy It is the policy of tbe Charity to n]ainlain unrestricfrd fLmds, which are free reserves of the charity, at levels which equate to an exces8 of its projected needs for the forthcolning year, th¢reby providing sii£Ficient tunds lo cover management, administration and support C08ts and enable the ongoing development of pioj¢¢¢8. Th¢ trustees believe the nel asset position is suffiGienl lo sat18fy suGh requirements although these levels of fr¢e reserve8 are r¢vi¢w¢d on a regular basis. Risk assessment The trnstees review the major risks faced by the charity during their regular meetings and confmn tbere are systems in place to mitigate the]n. Internal risks are Jninimised by the segregatioll of dutie8 td pIocedures for authorisation of all transactions. Acknowledgements The trustees would like to express tlw)ks to all the charity's employees and volunteers. Page 3
COLNE CIT ADEL PORT OF THE TRUSTEES (CONTIPIUED) OR THE YEARENDED 31ST AUGUST 2025 STA TEMENT OF TRUSTEEES, RESPONSIBILITIES Under clwity law. the trustees are responsible for preparing the Report of the Trustees and the financial statement8 for each firtancia] year which 8how a true and fair view of the state of affairs of the clwity and of the excess of income over expenditure for that period. In preparing these Flljancial 8tatements, generally accepted accounting practice elltails that the trustees., Belect suitable accounting policies and ihen apply them consistently. make judgements and estimates tbat are reasonable and prudent; state whether the re¢ommendation8 Of the Statement of Recommended Practice bave been followed, subject to any mat&ial departures disclosed and explained in the financial statements. state whether the financial statements comply with the tsvst deed, subject to any material departLues disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its activities. The trnstees are required to act in accordauce with the trnst deed of the charity, within the frdmework of trust law. They are responsible for l<eeping proper accourtting records, sufftcient lo disclose at any tirne, with reasonable accuracy, the financial position of the charity at that time, and to enable them to ensure that, where any statements of aecounts ar prepared by them under the Charkties Act 2011 and the applicable Charity (Accounts and Reports) Regulation8, those statettLents of accounts comply with the requirements of regulations under those provisions. The trustees also have a general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Clwity and to prevent and detect fraud and other irregularities. The ttustees are responsible for the maintenance and inlegrity of the charity and financial inf0mtiOn included on the charity's website. Charity requirements This report has been prepared in accordance with requiretnents set down by the ChIlIeS SORP (FRS 102). ON BEHALF OF THE BOARD: iteoak - Trustee Dated.. 5th November 2025 J vAiteoak - TtU8tee Dated.. 5, Novernb 2025 Page 4
INDEPEIYDEIYT £XAMILYERS REPORT TO MK1VJBRs OF COLNE CITADEL I report on the account8 of CoIne Citadel for the year ended 31st August 2025, which are set out oll pages 6 to 12. Respective responsibilities of the trustees and examiner The charity's trnstees are responsible for the preparation of the accounts. The charity's trnstees consider that an audi¢ is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examinaticTrn is needed. Having satisfied that the Charity is not subject to an audit under section 144(2) of the 2011 Act and is eligible for independent exan]ination, it is my responsibility to.. Examine the accounts under section 145 of the 2011 Act. To follow the procedures laid down in the general Duections given by the Charity Commission under section 145(5)(b) of the 2011 Act. and To stste whether particular matter8 have come to my attention. Basis of independent examiner's report My examinatson was carried oiit in ao¢ordance witb the General Directions given by the Charity Commissioner. An examination inoludes a review of the accountmg r¢cords kept by th¢ Charity and a comparison of the accounts presented with those records, It also includes consideration of any unusual items or disclosures in the a¢¢ount8, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidenc¢ tbat would be required in an audit and, Consequently, no opinion is given as to whether the CoUnt8 present a 'true and fair view, and the report is litnited to th08¢ matters set out in the statsment below. Independellt examlner's statement Ill connection with my examination, no thatter has come to my attention., Which gives me reasDnable cause lo believe thal in any material respect, the requirements., (a) to Iieep accounting records in a¢¢ordance with section 130 of the 2011 Act. and Ib) to prepare a¢¢ounts whi¢h accord wilb the ac¢ounting TordS, ¢omply with the aGGountlllg rf quirements of the 2011 Act have not been met. or To which, itt my opinion. attention should be drawi in OTder to enable a proper understanding of the accounts to be reaGhed. Mark Sunter FCA Ainswordls Lilted Charter House Stansfleld Street Nelson Lancashire BB9 9XY Dated: 51b Novetnber 2025 Page 5
COLNE CIT ADEL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR EIYDID 31ST AUGUST 2025 Unrestrleted funds Restrlcted funds 2025 2024 Notes INCOMING RESOURCES Donations and grants Rents received Fundraising Other income Interest r¢¢¢ived 36,819 3,003 73,302 110,121 3,003 126,038 4,049 2,120 24,499 396 20,073 322 20,073 322 TotAI Incomlng resourees 60,217 73,302 133,519 157,102 RESOiiRCES EXPEM)ED Chaiitable acttvities 59,347 101,702 161,049 145,078 Total resources expended 59,347 101,702 161049 145 078 NET MOVEMEL¥T IIY FUIYDS 870 (28,400) (27,530) 12,024 IIECONCILIATION OF FUTrIDS Tolal funds brought forward 32,334 28,400 60,734 48,710 TOTAL FUF4DS CARRIED FORWARD 60,734 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities. The notes form part of these fjnancial statements Page 6
COLNE CITADEL BALANCE T AT 31ST AUGUST 2025 2025 2024 Notes FIXTD ASSETS Tangible setS 9,385 5,896 9,385 5,896 CURREINT ASSETS Cash at bank 24,131 55,666 24,131 55,666 CREDITORS Amounts falling due witbin one year NET CURRENT ASSETS 312 828 23,819 -54,838 TOTAL ASSETS LESS CURREIYT LIABILITES 33,204 60,734 NET ASSETS 33,204 60,734 FUNDS Restricted Unrestricted 28,400 32,334 33,204 TOTAL FUNDS 33,204 60,734 The FllMncial stateLnent5 were approved by the Board of Trustees on 5, November 2025 and were signed on its behalf by.. Ivhiteoak Trnstee J Whlteoalc Trustee The notes fonn part of these financial staternents Page 7
COLNE CITADEL NOTES TO THE.FINANCIAL STATEMENTS FOR THE ITAR ENDED 31ST AUGUST 2025 ACCOUNTING POLICIES Statutory information Colne Ciladel is registered with the Cb&rity Commission in England, The registered charity number and address an be found in the Report of the Trustees on page I, Basi8 of preparation The accounts (fmancial statements) have been prepared in acoordance with the Staternen.t of Recotnmended Practice.. Accounting and Reporting by Charities preparing their a¢¢ounts in accordance with th¢ Financial Reporting Standard applicable in the UK and Republic of Irttld (FRS 102) and the Financial Reporting Standard appliGable in the United Kingdorn and Republic of Ireld (FRS 102) and th¢ Charities Act 2011 and UK Generally A¢¢epted Pra¢tic¢ &s it applies from l st January 2015. The financial statements have been prepared on a going concern basi8. Coll80lidation The charity ha8 elected to tak¢ exemption from the requirements to prepare con801idated aocount& as perniitted by Charities SORP (FRS 102). Cash flow The ¢lJarity is exempt from the r¢quiren]ent to prepare a cash flow statement as it qualifies &8 a small entity. Incoming resources All incorning resources are in¢luded on the Staterrtent of Financial Activities when tb¢ charity 18 legally entided to the inGome and the amount can be quantified with reasonable accuracy. In¢om¢ fronl donations, legacies, fLmdraising and sitnilar incornittg resources are included in the year in which they are receivable. Any incotlle received for specific purpose is accounted for as restricted thnds whell receivable. Resources expended Expea(Liture ib accounted for on an accruals basis (inclusÉve of attributable value added tax which cannot be recovered) attd has been classified linder the principal categories related to the cost. Costs allocated to activities in the furtherance of the charity's objects are those directly associated with acllleving tbe Charity's goals. Governance costs are those incurred in connection with Éhe n]anagement of the company'8 assets, organisational administration and compliance with congtitulional and statutory reQuireentS. Where ¢osts cannot be directly attributed to particular headings they have been allocated to activities on a basis consistenl with the use of resources. Fund aecountlng Unrestricted fLinds are available for use at the discretion of the trustees in the furtherance of the general activities oEthe charity. Surplus fimds can be allocated to restricted projects if the lrnstees believe they are required. RestriGted fund8 are funds subject to specific restriction irnposed by the donors for Éhe purpose of any appeal in which the fLU]ds are raised and only be used for particular purpose within the objects of the charity. Tangible fixed assets Depreciation 18 provided at Ibe following annual rates in order to write off each asset over its estin]ated useful life. Fixtures and fittings 150/0 reducing balance The notes forni part of these fmancial stat¢m¢nts Page 8
COLNE CITADII L NOTES TO THE FINANCIAL STATLMENTS (CONTINUED) FOR THE YEAR ETr4DED 31ST AUGUST 2025 ACCOUNTING POLICIES (CONTINUED...) Taxation The trust is a registered charity and 18 therefore exempt frotll Inconle Tax and Corporation Tax un(kr the provisions of stion 505(1) of the Income and Corporation Taxes Act 1988. ET INCOME ALND EXPETrIDITURE FOR THEI YEAR Net incotne and expenditure is staled after charging.. 2025 2024 Depreciation Independent examiner's remunerntion., Independent examination f¢e8 Other arcountancy services 1,204 652 300 1,044 300 1,020 INCOME FROM DONATIONS ATrID GIL4NTS 2025 2024 Donations 7,049 4,717 Grants The Nation&1 Lottery Lancashire Environmental Fund Borough of Pendle Garfield Weston Foundation Albert Hunt Dowager Countle88 Eleanor Peel Trust Lancaster Foundation Eric Wright Amold Clark Lancashire County Council Neighbourly Sainsburys TK M&xx and Homesense Foulldation Colne Town Council Coille Blues Society Te P¢nJine Trust Apex Collaboratsve Awards for All Comrrtunity Foundation Other general grants 41,447 20J55 11,500 10,000 5,000 2,990 2,500 2,500 1,500 1,250 1,000 1,000 500 650 440 440 40,674 10,400 20,300 10,000 5,000 733 1,000 7,730 20,000 2,990 2,494 110,121 126,038 In¢om¢ from donations and grants totaling £73,302 {2024'. £12I,321) were re8tricted. The note8 forn] P<lrt of these fclaI statements Page 9
COLNE CITADEL OTES TO THE FINAINCIAL STATEMENTS (C0Tr4TINUED) FOR THE YEAR ENDED 31ST AUGUST 202S STAFF COSTS 2025 2024 Staffcosts.. Gmss wages Social security Pensions 59,818 56,248 2,948 2,680 62,766 58,928 Thé overage number of enzployEes during the year were asfollows.. Charitable services Management and admmislration L)UTing the year, no employee received remuneration iti excess of £60,000 The trustee8 and key management personal have received neither remuneration nor reinbursement of expenses durmg the period. RESOURCES EXPLI IYDED 2025 2024 Staff w&ges Coiins¢llors Food and consumables Voucknrs and donations Mis¢ellaneous expenses Ballk charge8 Insurance Accountancy fees Advertising Repairs and n]ntenance Motor and travel Utilities Otyice supplies Professional fees Telephone Training D¢preciation 62,766 2,044 16,679 11,737 2,987 142 573 1,344 225 43,880 1,339 5,790 S,776 1,710 1,414 1,379 1,264 58,928 16,060 20,966 17,549 5,034 139 862 1,320 1,006 6,921 941 7,644 3,638 1,730 1,084 216 1,040 161,049 145,078 Resour¢¢s expended totalling £101,702 (2024: £92,921) were restricted. The notes fomi part of these financial statements Page 10
COLNE CITADEL NOTES TO THE FINANCIAL STATEMENTS (CONTINUID) FOR THE YEIIR ENDED 31ST AUGUST 2025 TANGIBLE FIXED ASSETS Fixtures and fItng$ Total COST At Ibt September 2024 Additiolls Disp08al8 7,588 4,753 7,588 4,753 At 316t August 2025 12J41 12J41 DEPRECIATION At I. Septejnber 2024 Charge for ye Eliminated on disposal 1,692 1,264 1,692 1,264 At 3 1st August 2025 2,956 2,956 NET BOOK VALUE At 31$¢ August 2025 9,385 9,385 At 31" Ausu8t 2024 5,896 5,896 CREDITORS: AMOUNTS FALLING DUE WITI.JIN ONE YEAR 2025 2024 Social 8eGurity and other taxes Other creditorg 553 275 312 312 828 The notes forni part of these fancial statements Page 11
COLNE cADEL NOTES TO THE FINANCIAL STATEMELYTS (CONTINifED) FOR THE YEAR EL¥DED 31ST AUGUST 2025 ANALYSIS OF NET ASSETS BETEN FUNDS 202S Total funds 2024 Total Funds Unrestricted funds Reytricted funds Fixed assets Current assets Current liabilities 9J85 24,131 (312) 9,385 24,131 (312) 5.896 55,666 (828) 33204 33,204 60,734 MOVEMENT IN FUNDS Net movement In fllnds At 1.9.24 At 31.8.25 Unrestricted funds General 32J34 870 33,204 Restricted funds Lottery Funding Borough of Pendle Lanceshire Environmental Fund Awards for All 8,400 20,000 (8,400) (20,000) TOT AL FUNDS 60,734 (27,530) 33,204 Net movemen¢ in fLmds, included in the above are as follows: Incon)Ing resources Resouree8 RecognA8ed expended gains/(losses) Movement in funds Unrestrieted funds General 60,217 (59,347) 870 Restricted finds Lottery Funding Borough of Pendle Lancashire Environment&l Fund Award8 for All 41,447 11,500 20,355 (41,447) (11,500) (28,755) (20,000) (8,400) (20,000) 133,519 (161,049) (27,530) io. RELATD PARTY TRANSACTIONS During the Gurrent and prior year there have been no related party transactions. The notes forni part of the8e financial slat¢tnents Page 12