## 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**
1
## 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.
2
## 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)
3
## 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:
- 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
- 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
4
## 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.
5
## 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)
6
## 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
7
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.
8
## 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|
|---|---|---|---|---|---|
9
## 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.
10
## 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|
|---|---|---|---|---|
11