## Wooldale Community Association
Charity number 1159314
## Annual Report and Financial Statements
for the year ended 31 March 2024
## Wooldale Community Association
Annual Report and Financial Statements for the year ended 31 March 2024
|**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 10|
## **Prepared by West Yorkshire Community Accountancy Service CIO**
1
## Wooldale Community Association
## Trustees' report for the year ended 31 March 2024
## **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**
J Lightfoot Chair A Beaumont J M Hirst Treasurer D Taylor G Flewers Secretary J Walton J A Lockwood A Dearnley J Booth W R Pearson H Lightfoot-Wild T Quayle S Boden C Lightfoot -Wild E Mitchell
Appointed 11th December 2023 Resigned 13th May 2024
Resigned 8 July 2024
Appointed 16 October 2023 Resigned 15th November 2023 Appointed 16 October 2023
Appointed 11th December 2023 Appointed 8th January 2024 Appointed 11th December 2023 Appointed 5th February 2024
## **Charity number**
1159314
Registered in England and Wales
## **Registered and principal address**
Wooldale Community Centre Robert Lane Wooldale Holmfirth HD9 1XZ
## **Bankers**
HSBC CCLA Fund Managers Ltd Unit 11-12 Kingsgate Shopping Centre PO Box 12892 Huddersfield Dunmow HD1 2QB Essex CM6 9DL
## **Independent examiner**
E J Beverley FCCA Stringer House 34 Lupton Street Leeds LS10 2QW
## **West Yorkshire Community Accountancy Service CIO**
## **Structure, governance and management**
The charity is a Charitable Incorporated Organisation (CIO) association formed on 21 November 2014 and amended on the 14 May 2024 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 Trustees or member groups during the year.
2
## Wooldale Community Association
## Trustees' report (continued) for the year ended 31 March 2024
## **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 Association benefited from grants towards the installation of new boilers.
## **Financial review**
The net income for the year was £2,011, including net income of £16,011 on unrestricted funds and net expenditure of £14,000 on restricted funds after transfers.
## **Reserves policy**
The charity's free reserves, excluding fixed assets, at the year end were £64,504.
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 03/06/2024
James Michael 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 2024, which are set out on pages 5 to 10.
## **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
20/09/2024
## **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 2024
|Notes
2024
Unrestricted
funds
£
**Income from:**
Grants and donations
(2)
405
Centre usage charges
23,368
Membership
48
Clothing sales
187
Investment income
1,154
Building Society interest
519
**Total income**
25,681
**Expenditure on:**
Salaries and NIC
(3)
6,773
Water rates
973
Utilities
7,315
Repairs and maintenance
231
Printing, postage and stationery
138
Telephone
203
Advertising and publicity
188
Sundry expenses
313
Insurance
1,427
Cleaning
1,300
Licences
146
Independent examination
924
Depreciation
3,002
**Total expenditure**
22,933
Net gains/(losses) on investments
3,263
**Net income / (expenditure)**
6,011
**Transfers between funds**
10,000
**Net movement in funds**
16,011
**Fund balances brought forward**
70,364
**Fund balances carried forward**
(4)
86,375|2024
Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
4,000
4,000
-
(4,000)
(10,000)
(14,000)
232,000
218,000|2024
Total
funds
£
405
23,368
48
187
1,154
519
25,681
6,773
973
7,315
231
138
203
188
313
1,427
1,300
146
924
7,002
26,933
3,263
2,011
-
2,011
302,364
304,375|2023
Total
funds
£
10,945
21,792
43
198
1,211
311
34,500
6,175
601
3,356
8,060
168
457
121
799
1,502
1,030
256
803
5,284
28,612
(2,328)
3,560
-
3,560
298,804
302,364|
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
5
## Wooldale Community Association
## Balance sheet
|as at 31 March 2024
2024
Unrestricted
£
**Fixed assets**
Tangible assets
(5)
21,871
**Total fixed assets**
21,871
**Current assets**
Debtors and prepayments
(6)
11,937
Current asset investments
(7)
44,311
Cash at bank and in hand
(8)
11,201
**Total current assets**
67,449
**Current liabilities:**
**amounts falling due within one year**
Creditors and accruals
(9)
2,655
Rent deposits
290
**Total current liabilities**
2,945
**Net current assets**
64,504
**Net assets**
86,375
**Funds**
Unrestricted funds
General unrestricted funds
86,375
Designated funds
(10)
-
Unrestricted funds
86,375
Restricted funds
-
**Total funds**
86,375|2024
Restricted
£
218,000
218,000
-
-
-
-
-
-
-
-
218,000
-
-
-
218,000
218,000|2024
Total
£
239,871
239,871
11,937
44,311
11,201
67,449
2,655
290
2,945
64,504
304,375
86,375
-
86,375
218,000
304,375|2023
Total
£
229,693
229,693
10,434
41,548
23,067
75,049
2,008
370
2,378
72,671
302,364
60,364
10,000
70,364
232,000
302,364|
|---|---|---|---|
The financial statements were approved by the board of trustees on 03/06/2024
James Michael Hirst (Trustee)
6
## Wooldale Community Association
## Notes to the accounts
## for the year ended 31 March 2024
## **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, if 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
## **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
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
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.
7
## Wooldale Community Association
## Notes to the accounts continued
## for the year ended 31 March 2024
|**2 Grants and donations**
Holme Valley Parish Council
One Community Bright Green Fund
British Heart Foundation (BHF)
Other donations
**3 Staff costs and numbers**
Gross salaries|2024
Unrestricted
funds
£
-
-
-
405
405|2024
Restricted
funds
£
-
-
-
-
-|2024
Total
funds
£
-
-
-
405
405
2024
£
6,773
6,773|2023
Total
funds
£
5,000
5,000
590
355
10,945
2023
£
6,175
6,175|
|---|---|---|---|---|
The average number of employees during the year was 2, being an average of 0.4 full time equivalent (2023: 2, 0.4 FTE). There were no employees with emoluments above £60,000.
|**4 Restricted funds**
Wooldale Community Centre
Holme Valley Parish Council
One Community Bright Green Fund
**Fund name**
Wooldale Community Centre
Holme Valley Parish Council|Balance b/f
Incoming
Outgoing
Transfers
Balance c/f
£
£
£
£
£
222,000
-
4,000
-
218,000
5,000
-
-
(5,000)
-
5,000
-
-
(5,000)
-
232,000
-
4,000
(10,000)
218,000
**Purpose of restriction**
The asset transfer is subject to the restriction that the building is for
community use.
To purchase new heating equipment. The transfer relates to moving fixed
asset cost to unrestricted funds.|
|---|---|
One Community Bright Green Fund To purchase new heating equipment. The transfer relates to moving fixed asset cost to unrestricted funds.
|**5 **|**Tangible assets**
**Cost**
At 1 April 2023
Additions
At 31 March 2024
**Depreciation**
At 1 April 2023
Charge for year
At 31 March 2024
**Net book value**
At 31 March 2024
At 31 March 2023|£
54,623
17,180
71,803
46,930
3,002
49,932
21,871
7,693
Fixtures
and fittings|£
200,000
-
200,000
28,000
4,000
32,000
168,000
172,000
Freehold
buildings|£
50,000
-
50,000
-
-
-
50,000
50,000
Freehold
land|Total
£
304,623
17,180
321,803
74,930
7,002
81,932
239,871
229,693|
|---|---|---|---|---|---|
8
## Wooldale Community Association
## Notes to the accounts continued
## for the year ended 31 March 2024
|**6 Debtors and prepayments**
Debtors
Prepayments
**7 Current asset investments**
Market value bought forward
Disposals in year
Add: net gain/ loss on revaluation
Carrying (market) value at end of year
**8 Cash at bank and in hand**
Cash at bank
Cash in hand
**9 Creditors and accruals**
Creditors
Accruals
Taxation and social security
**10 Designated funds**
Balance b/f
Incoming
£
£
Boiler fund
10,000
-
10,000
-
**Fund name**
**Reason for designation**
Boiler fund
Towards replacement boiler.|Outgoing
£
10,000
10,000|2024
£
10,287
1,650
11,937
2024
£
41,548
(500)
3,263
44,311
2024
£
11,130
71
11,201
2024
£
1,607
924
124
2,655
Transfers
£
-
-|2023
£
9,081
1,353
10,434
2023
£
43,876
-
(2,328)
41,548
2023
£
22,935
132
23,067
2023
£
1,118
792
98
2,008
Balance c/f
£
-
-|
|---|---|---|---|
## **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|2024
£
4,606
4,606|2023
£
4,199
4,199|
|---|---|---|
## **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.
No trustee received any other remuneration or benefit during this or the previous year.
9
## Wooldale Community Association
## Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2024
|2024
2023
Unrestricted Unrestricted
funds
funds
£
£
**Income**
Grants and donations
405
355
Centre usage charges
23,368
21,792
Membership
48
43
Clothing sales
187
198
Investment income
1,154
1,211
Building Society interest
519
311
**Total income**
25,681
23,910
**Expenditure**
Salaries and NIC
6,773
6,175
Water rates
973
601
Utilities
7,315
3,356
Repairs and maintenance
231
8,060
Printing, postage and stationery
138
168
Telephone
203
457
Advertising and publicity
188
121
Sundry expenses
313
799
Insurance
1,427
1,502
Cleaning
1,300
1,030
Licences
146
256
Independent examination
924
803
Depreciation
3,002
1,284
**Total expenditure**
22,933
24,612
Net gains/(losses) on investments
3,263
(2,328)
**Net income / (expenditure)**
6,011
(3,030)
**Transfers between funds**
10,000
590
**Net movement in funds**
16,011
(2,440)
**Fund balances brought forward**
70,364
72,804
**Fund balances carried forward**
86,375
70,364|2024
Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
4,000
4,000
-
(4,000)
(10,000)
(14,000)
232,000
218,000|2023
Restricted
funds
£
10,590
-
-
-
-
-
10,590
-
-
-
-
-
-
-
-
-
-
-
-
4,000
4,000
6,590
(590)
6,000
226,000
232,000|2024
Total
funds
£
405
23,368
48
187
1,154
519
25,681
6,773
973
7,315
231
138
203
188
313
1,427
1,300
146
924
7,002
26,933
3,263
2,011
-
2,011
302,364
304,375|2023
Total
funds
£
10,945
21,792
43
198
1,211
311
34,500
6,175
601
3,356
8,060
168
457
121
799
1,502
1,030
256
803
5,284
28,612
(2,328)
3,560
-
3,560
298,804
302,364|
|---|---|---|---|---|
10