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 State￿entS of tbe charity for the year ended 31$t August 2025. The f￿ancial 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 t￿￿teeS 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 f￿anCial 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 LU￿estrICted 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 t￿d 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