Wooldale Community Association
Charity number 1159314
Annual Report and Financial Statements
for the year ended 31 March 2021
Wooldale Community Association
Annual Report and Financial Statements for the year ended 31 March 2021
| Contents | Page |
|---|---|
| Trustees' report | 2 to 3 |
| Examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7 to 11 |
Prepared by West Yorkshire Community Accounting Service
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Wooldale Community Association
Trustees' report for the year ended 31 March 2021
Reference and administrative details of the charity, its trustees and advisors
The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates A Beaumont J M Hirst Treasurer D Taylor Appointed 25 September 2020 G Flewers Secretary J Walton J A Lockwood Chair A Dearnley J Booth Appointed 25 September 2020 W R Pearson Appointed 25 September 2020 Charity number 1159314 Registered in England and Wales Registered and principal address Bankers Wooldale Community Centre HSBC Robert Lane 2 Cloth Hall Street Wooldale Huddersfield Holmfirth HD1 2ES HD9 1XZ
Appointed 25 September 2020 Appointed 25 September 2020 Appointed 25 September 2020
Registered in England and Wales
Independent examiner
E J Beverley FCCA West Yorkshire Community Accounting Service Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The charity is a Charitable Incorporated Organisation (CIO) formed on 21 November 2014.
Method of recruitment and appointment of trustees
The trustees of the charity are appointed by the members at the AGM or by member groups during the year.
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Wooldale Community Association
Trustees' report (continued) for the year ended 31 March 2021
Objectives and activities
The charity's objects
To promote the benefits of the inhabitants of Wooldale and the neighbourhood without distinction of sex or of political, religious or other opinions and to provide facilities in the running of a Community Centre in the interests of social welfare for recreation and leisure time occupation for the said inhabitants.
The charity's main activities
The running of a Community Centre.
On 17th February 2017 the ownership of Wooldale Community Centre was transferred from Kirklees Council to the Association under an asset transfer agreement.
Public benefit statement
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit. The continued success, over 40 years, in providing a thriving and well run Community Centre for the benefit of all sections of the general public is, in the opinion of the Trustees, confirmation of such public benefit.
Achievements and performance
The year was significantly affected by Covid-19 resulting in most user groups unable to hire the Centre.
For most of the year we were able to provide the facility for a Pre-School to operate for the benefit of parents who had to carry on providing essential services during the various lockdowns.
The Association benefited from Government grants and Furlough receipts.
Opportunity was taken to carry out repairs and improvements to our children's playground, car park, heating and alarm systems.
Financial review
The net payment for the year was £1,741, including net income of £4,290 on unrestricted funds and net payment of £6,031 on restricted funds.
Corona virus impact
At the time of signing these accounts the charity has been impacted by the global Covid-19 virus. The trustees have reassessed the charity’s ability to continue for at least 12 months from the date that the accounts are approved and conclude that no material uncertainties exist that cast significant doubt on the charity’s ability to continue as a going concern.
Reserves policy
The charity's free reserves, excluding fixed assets, at the year end were £50,343 which includes designated funds of £5,000.
Sufficient reserves are required to ensure the continuing success of the well run and used centre.
Following the acquisition of the freehold land and buildings the trustees consider the reserves should always be in excess of £20,000.
Funds in excess of this amount will be used for the development of the Centre.
Signed on behalf of the board of trustees on 10/01/2022
J M Hirst
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Wooldale Community Association
Independent examiner's report to the trustees of Wooldale Community Association
I report to the charity trustees on my examination of the accounts of the CIO for the year ended 31 March 2021, which are set out on pages 5 to 11.
Responsibilities and basis of report
As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the CIO's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act; 2 the accounts do not accord with those records; or
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3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
E J Beverley FCCA
12/01/2022
West Yorkshire Community Accounting Service
Stringer House 34 Lupton Street Leeds LS10 2QW
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Wooldale Community Association
Statement of Financial Activities
(including summary income and expenditure account) for the year ended 31 March 2021
| Notes 2021 Unrestricted funds £ Income from: Grants and donations (2) 23,650 Centre usage charges 9,328 Membership 7 Clothing sales 295 Investment income 499 Building Society interest 24 "100 Club" 390 Total income 34,193 Expenditure on: Salaries and NIC (3) 2,014 Water rates 388 Utilities 2,656 Repairs and maintenance 18,743 Printing, postage and stationery 201 Telephone 345 Advertising and publicity 92 Sundry expenses 491 Insurance 1,104 Cleaning 921 Licences 443 Independent examination 375 Legal expenses - Depreciation 2,509 Total expenditure 30,282 Net gains/(losses) on investments 379 Net movement in funds 4,290 Fund balances brought forward 54,882 Fund balances carried forward (4) 59,172 |
2021 Restricted funds £ 6,022 - - - - - - 6,022 3,322 - - 4,731 - - - - - - - - - 4,000 12,053 - (6,031) 236,031 230,000 |
2021 Total funds £ 29,672 9,328 7 295 499 24 390 40,215 5,336 388 2,656 23,474 201 345 92 491 1,104 921 443 375 - 6,509 42,335 379 (1,741) 290,913 289,172 |
2020 Total funds £ 4,567 19,362 52 466 504 76 570 25,597 5,389 411 3,677 2,369 171 390 - 254 1,266 1,161 452 365 691 6,436 23,032 (144) 2,421 288,492 290,913 |
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
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Wooldale Community Association
Balance sheet
| as at 31 March 2021 2021 Unrestricted £ Fixed assets Tangible assets (5) 8,829 Total fixed assets 8,829 Current assets Debtors and prepayments (6) 5,711 Short term investments (7) 29,620 Cash at bank and in hand (8) 24,235 Total current assets 59,566 Current liabilities: amounts falling due within one year Creditors and accruals (9) 8,853 Rent deposits 370 Total current liabilities 9,223 Net current assets 50,343 Net assets 59,172 Funds Unrestricted funds General unrestricted funds 54,172 Designated funds (10) 5,000 Total unrestricted funds 59,172 Restricted funds (4) - Total funds 59,172 |
2021 Restricted £ 230,000 230,000 - - - - - - - - 230,000 - - - 230,000 230,000 |
2021 Total £ 238,829 238,829 5,711 29,620 24,235 59,566 8,853 370 9,223 50,343 289,172 54,172 5,000 59,172 230,000 289,172 |
2020 Total £ 244,468 244,468 4,058 33,741 10,995 48,794 1,949 400 2,349 46,445 290,913 49,882 5,000 54,882 236,031 290,913 |
|---|---|---|---|
The financial statements were approved by the board of trustees on 10/01/2022
J M Hirst (Trustee)
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Wooldale Community Association
Notes to the accounts
for the year ended 31 March 2021
1 Accounting policies
Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.
Going concern
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
Incoming resources
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
Investments
Investments are stated at market value at the balance sheet date. The SOFA includes the net gains and losses arising on revaluations and disposals throughout the year.
Expenditure and liabilities
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Tangible fixed assets
Tangible fixed assets costing more than £250 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows: Freehold land: nil Freehold buildings: over 50 years Fixture and fittings: over 10 years
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Wooldale Community Association Notes to the accounts continued
for the year ended 31 March 2021
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
| 2 Grants and donations HM Revenue & Customs Holme Valley Parish Council Kirklees Council One Community Foundation Wooldale Pre-School Donations 3 Staff costs and numbers Gross salaries |
2021 Unrestricted funds £ - - 23,500 - - 150 23,650 |
2021 Restricted funds £ 3,322 2,000 - - 700 - 6,022 |
2021 Total funds £ 3,322 2,000 23,500 - 700 150 29,672 2021 £ 5,336 5,336 |
2020 Total funds £ - - - 2,700 1,491 376 4,567 2020 £ 5,389 5,389 |
|---|---|---|---|---|
The average number employees during the year was 2, being an average of 0.4 full time equivalent (2020: 2, 0.4 FTE). There were no employees with emoluments above £60,000.
| 4 Restricted funds Central England Co-operative Wooldale Pre-School Wooldale Community Centre Holme Valley Parish Council HMRC furlough grant |
Balance b/f £ 540 1,491 234,000 - - 236,031 |
Incoming £ - 700 - 2,000 3,322 6,022 |
Outgoing £ 540 2,191 4,000 2,000 3,322 12,053 |
Transfers £ - - - - - - |
Balance c/f £ - - 230,000 - - 230,000 |
|---|---|---|---|---|---|
Fund name Purpose of restriction
Central England Co-operative Wooldale Pre-School Wooldale community centre
Holme Valley Parish Council HMRC furlough grant
General donation which has been allocated to childrens play area. Donations towards the childrens play area upgrading.
The asset transfer is subject to the restriction that the building is for community use.
Towards upgrading of childrens play area.
Towards employees salaries whilst on furlough.
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Wooldale Community Association
Notes to the accounts continued
for the year ended 31 March 2021
| 5 6 7 8 **9 ** |
Tangible assets Cost At 1 April 2020 Additions At 31 March 2021 Depreciation At 1 April 2020 Charge for year At 31 March 2021 Net book value At 31 March 2021 At 31 March 2020 Debtors and prepayments Debtors Prepayments Short term investments Market value bought forward Additions in year Disposals in year Add: net gain on revaluation Carrying (market) value at end of year Cash at bank and in hand Cash at bank Cash in hand Creditors and accruals Creditors Accruals and 100 club monies |
52,197 870 53,067 41,729 2,509 44,238 8,829 10,468 Fixtures and fittings |
£ 200,000 - 200,000 16,000 4,000 20,000 180,000 184,000 Freehold buildings |
£ 50,000 - 50,000 - - - 50,000 50,000 2021 £ 4,069 1,642 5,711 2021 £ 33,741 20,000 (24,500) 379 29,620 2021 £ 24,204 31 24,235 2021 £ 8,478 375 8,853 Freehold land |
Total £ 302,197 870 303,067 57,729 6,509 64,238 238,829 244,468 2020 £ 2,821 1,237 4,058 2020 £ 13,885 20,000 - (144) 33,741 2020 £ 10,980 15 10,995 2020 £ 804 1,145 1,949 |
|---|---|---|---|---|---|
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Wooldale Community Association
Notes to the accounts continued
for the year ended 31 March 2021
| 10 Designated funds Boiler fund Fund name Boiler fund |
Balance b/f Incoming £ £ 5,000 - 5,000 - Purpose of restriction Towards a replacement boiler. |
Outgoing £ - - |
Transfers £ - - |
Balance c/f £ 5,000 5,000 |
|---|---|---|---|---|
11 Related party transactions
Trustee expenses
No trustee received any expenses during this year or the previous year.
Trustee remuneration and benefits
| Name of trustee Legal authority Jennifer Walton Governing document |
2021 £ 3,612 3,612 |
2020 £ 3,629 3,629 |
|---|---|---|
Jennifer Walton is a trustee and is paid for her work as a cleaner. (The Charity Commission has confirmed that as she was employed prior to being appointed a trustee, then their formal approval is not required).
No trustee received any other remuneration or benefit during this or the previous year.
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Wooldale Community Association
Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2021
| 2021 2020 Unrestricted Unrestricted funds funds £ £ Income Grants and donations 23,650 376 Centre usage charges 9,328 19,362 Membership 7 52 Clothing sales 295 466 Investment income 499 504 Building Society interest 24 76 "100 Club" 390 570 Total income 34,193 21,406 Expenditure Salaries and NIC 2,014 5,389 Water rates 388 411 Utilities 2,656 3,677 Repairs and maintenance 18,743 2,369 Printing, postage and stationery 201 171 Telephone 345 390 Advertising and publicity 92 - Sundry expenses 491 254 Insurance 1,104 1,266 Cleaning 921 1,161 Licences 443 452 Independent examination 375 365 Legal expenses - 691 Depreciation 2,509 2,436 Total expenditure 30,282 19,032 Net gains/(losses) on investments 379 (144) Net income / (expenditure) 4,290 2,230 Transfers between funds - 2,700 Net movement in funds 4,290 4,930 Fund balances brought forward 54,882 49,952 Fund balances carried forward 59,172 54,882 |
2021 Restricted funds £ 6,022 - - - - - - 6,022 3,322 - - 4,731 - - - - - - - - - 4,000 12,053 - (6,031) - (6,031) 236,031 230,000 |
2020 Restricted funds £ 4,191 - - - - - - 4,191 - - - - - - - - - - - - - 4,000 4,000 191 (2,700) (2,509) 238,540 236,031 |
2021 Total funds £ 29,672 9,328 7 295 499 24 390 40,215 5,336 388 2,656 23,474 201 345 92 491 1,104 921 443 375 - 6,509 42,335 379 (1,741) - (1,741) 290,913 289,172 |
2020 Total funds £ 4,567 19,362 52 466 504 76 570 25,597 5,389 411 3,677 2,369 171 390 - 254 1,266 1,161 452 365 691 6,436 23,032 (144) 2,421 - 2,421 288,492 290,913 |
|---|---|---|---|---|
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