Wooldale Community Association
Charity number 1159314
Annual Report and Financial Statements
for the year ended 31 March 2022
Wooldale Community Association
Annual Report and Financial Statements for the year ended 31 March 2022
| 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 Accountancy Service CIO
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Wooldale Community Association
Trustees' report for the year ended 31 March 2022
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 A Beaumont J M Hirst Treasurer D Taylor G Flewers Secretary J Walton J A Lockwood Chair A Dearnley J Booth W R Pearson 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
Registered in England and Wales
Independent examiner E J Beverley FCCA West Yorkshire Community Accountancy Service CIO Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The charity is a Charitable Incorporated Organisation (CIO) association formed on 21 Nov 2014 and is governed by a constitution.
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 2022
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 a number of user groups unable to hire the Centre for part of the year.
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.
Financial review
The net income for the year was £9,632, including net income of £13,632 on unrestricted funds and net expenditure of £4,000 on restricted funds after transfers.
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 £64,793 which includes designated funds of £10,000.
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.
Approved by the board of trustees on 09/01/2023
J M Hirst (Trustee)
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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 2022, 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:
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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
18/01/2023
West Yorkshire Community Accountancy Service CIO
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 2022
| Notes 2022 Unrestricted funds £ Income from: Grants and donations (2) 11,113 Centre usage charges 19,098 Membership 11 Clothing sales 217 Investment income 934 Building Society interest 103 "100 Club" - Total income 31,476 Expenditure on: Salaries and NIC (3) 4,768 Water rates 666 Utilities 3,613 Repairs and maintenance 3,057 Printing, postage and stationery 295 Telephone 157 Advertising and publicity 115 Sundry expenses 128 Insurance 1,300 Cleaning 1,190 Licences 428 Independent examination 375 Depreciation 1,408 Total expenditure 17,500 Net gains/(losses) on investments (744) Net income / (expenditure) 13,232 Transfers between funds 400 Net movement in funds 13,632 Fund balances brought forward 59,172 Fund balances carried forward (4) 72,804 |
2022 Restricted funds £ 1,210 - - - - - - 1,210 810 - - - - - - - - - - - 4,000 4,810 - (3,600) (400) (4,000) 230,000 226,000 |
2022 Total funds £ 12,323 19,098 11 217 934 103 - 32,686 5,578 666 3,613 3,057 295 157 115 128 1,300 1,190 428 375 5,408 22,310 (744) 9,632 - 9,632 289,172 298,804 |
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 |
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
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Wooldale Community Association
Balance sheet
| as at 31 March 2022 2022 Unrestricted £ Fixed assets Tangible assets (5) 8,011 Total fixed assets 8,011 Current assets Stock - Debtors and prepayments (6) 4,923 Short term investments (7) 43,876 Cash at bank and in hand (8) 18,036 Total current assets 66,835 Current liabilities: amounts falling due within one year Creditors and accruals (9) 1,564 Rental deposits 478 Total current liabilities 2,042 Net current assets 64,793 Net assets 72,804 Funds Unrestricted funds General unrestricted funds 62,804 Designated funds (10) 10,000 Unrestricted funds 72,804 Restricted funds - Total funds 72,804 |
2022 Restricted £ 226,000 226,000 - - - - - - - - - 226,000 - - - 226,000 226,000 |
2022 Total £ 234,011 234,011 - 4,923 43,876 18,036 66,835 1,564 478 2,042 64,793 298,804 62,804 10,000 72,804 226,000 298,804 |
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 |
|---|---|---|---|
The financial statements were approved by the board of trustees on 09/01/2023
J M Hirst (Trustee)
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Wooldale Community Association
Notes to the accounts
for the year ended 31 March 2022
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 2022
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 Kirklees Council Holme Valley Parish Council Wooldale Pre-School Donations 3 Staff costs and numbers Gross salaries |
2022 Unrestricted funds £ - 10,667 - - 446 11,113 |
2022 Restricted funds £ 810 - - - 400 1,210 |
2022 Total funds £ 810 10,667 - - 846 12,323 2022 £ 5,578 5,578 |
2021 Total funds £ 3,322 23,500 2,000 700 150 29,672 2021 £ 5,336 5,336 |
|---|---|---|---|---|
The average number of employees during the year was 2, being an average of 0.4 full time equivalent (2021: 2, 0.4 FTE). There were no employees with emoluments above £60,000.
| 4 Restricted funds Wooldale Community Centre Government furlough grant Donations re defibrillator |
Balance b/f £ 230,000 - - 230,000 |
Incoming £ - 810 400 1,210 |
Outgoing £ 4,000 810 - 4,810 |
Transfers £ - - (400) (400) |
Balance c/f £ 226,000 - - 226,000 |
|---|---|---|---|---|---|
Fund name
Purpose of restriction
Wooldale Community Centre
Government furlough grant Donations re defibrillator
The asset transfer is subject to the restriction that the building is for community use.
Towards employees salaries whilst on furlough.
Towards the purchase and instillation of a defibrillator. The transfer relates to moving costs to unrestricted funds for the fixed assets bought during the year for the general use of the charity.
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Wooldale Community Association
Notes to the accounts continued
for the year ended 31 March 2022
| 5 6 7 8 **9 ** |
Tangible assets Cost At 1 April 2021 Additions At 31 March 2022 Depreciation At 1 April 2021 Charge for year At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 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 |
£ 53,067 590 53,657 44,238 1,408 45,646 8,011 8,829 Fixtures and fittings |
£ 200,000 - 200,000 20,000 4,000 24,000 176,000 180,000 Freehold buildings |
£ 50,000 - 50,000 - - - 50,000 50,000 2022 £ 3,678 1,245 4,923 2022 £ 29,620 15,000 - (744) 43,876 2022 £ 17,846 190 18,036 2022 £ 1,189 375 1,564 Freehold land |
Total £ 303,067 590 303,657 64,238 5,408 69,646 234,011 238,829 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 |
|---|---|---|---|---|---|
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Wooldale Community Association Notes to the accounts continued
for the year ended 31 March 2022
| 10 Designated funds Boiler fund Fund name Boiler fund |
Balance b/f Incoming Outgoing Transfers Balance c/f £ £ £ £ £ 5,000 - - 5,000 10,000 5,000 - - 5,000 10,000 Reason for designation Towards replacement boilers, with a further £5000 being set aside during the year. |
|---|---|
11 Related party transactions
Trustee expenses
No trustee received any expenses during this year or the previous year.
| Details of remuneration and benefits Jennifer Walton Gross pay |
2022 £ 3,839 3,839 |
2021 £ 3,612 3,612 |
|---|---|---|
Reason for remuneration
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).
Legal authority for the payment
The legal authority for the payment is via a provision within the charity's governing document.
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 2022
| 2022 2021 Unrestricted Unrestricted funds funds £ £ Income Grants and donations 11,113 23,650 Centre usage charges 19,098 9,328 Membership 11 7 Clothing sales 217 295 Investment income 934 499 Building Society interest 103 24 "100 Club" - 390 Total income 31,476 34,193 Expenditure Salaries and NIC 4,768 2,014 Water rates 666 388 Utilities 3,613 2,656 Repairs and maintenance 3,057 18,743 Printing, postage and stationery 295 201 Telephone 157 345 Advertising and publicity 115 92 Sundry expenses 128 491 Insurance 1,300 1,104 Cleaning 1,190 921 Licences 428 443 Independent examination 375 375 Depreciation 1,408 2,509 Total expenditure 17,500 30,282 Net gains/(losses) on investments (744) 379 Net income / (expenditure) 13,232 4,290 Transfers between funds 400 - Net movement in funds 13,632 4,290 Fund balances brought forward 59,172 54,882 Fund balances carried forward 72,804 59,172 |
2022 Restricted funds £ 1,210 - - - - - - 1,210 810 - - - - - - - - - - - 4,000 4,810 - (3,600) (400) (4,000) 230,000 226,000 |
2021 Restricted funds £ 6,022 - - - - - - 6,022 3,322 - - 4,731 - - - - - - - - 4,000 12,053 - (6,031) (6,031) 236,031 230,000 |
2022 Total funds £ 12,323 19,098 11 217 934 103 - 32,686 5,578 666 3,613 3,057 295 157 115 128 1,300 1,190 428 375 5,408 22,310 (744) 9,632 - 9,632 289,172 298,804 |
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 |
|---|---|---|---|---|
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