## Wooldale Community Association
Charity number 1159314
## Annual Report and Financial Statements
for the year ended 31 March 2025
## Wooldale Community Association
Annual Report and Financial Statements for the year ended 31 March 2025
|**Contents**|**Page**|
|---|---|
|Trustees' report|2 to 4|
|Examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the accounts|8 to 11|
**Prepared by West Yorkshire Community Accountancy Service CIO**
1
## Wooldale Community Association
## Trustees' report for the year ended 31 March 2025
## **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**
**Name Position Dates** John Lightfoot Chair Holly Lightfoot-Wild Secretary Susan Boden Treasurer Gillian Flewers Jennifer Walton Andrew Dearnley Jennie Booth Mark Boden Appointed 13 May 2024 Christopher Lightfoot -Wild Emma Mitchell Ann Booth Appointed 7 October 2024 Mike Hirst Resigned 2 December 2024 William Pearson Resigned 2 September 2024 Tracy Quayle Resigned 27 August 2024 A Beaumont Resigned 13 May 2024 David Taylor Resigned 8 July 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 Yorkshire Building Society Unit 11-12 Kingsgate Shopping Centre PO Box 12892 4 Market Place Huddersfield Dunmow, Essex Honley HD1 2QB CM6 9DL Holmfirth HD9 6NY
## **Independent examiner**
Simon Bostrom FCIE **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 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 2025
## **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.
## **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 public is, in the opinion of the Trustees, confirmation of such public benefit. The Community Centre is hired by a wide range of groups including Preschool, Dance, Tutoring, Music, U3A, Crafts and Sports groups. We hold charity fundraising events and the Centre is regularly used as a Polling Station.
## **Achievements and performance**
We have kept our hire charges to a minimum rate to encourage new hirers and enable regular hirers to continue to use the centre. The number of hirers has increased this year.
We have decorated the two large rooms, replaced old curtains with blinds, repaired a radiator and replaced a water heater. We have received a lot of positive feedback. We have set up a new, improved website and multiple use cloud storage. We continue to look at making improvements to the centre building, including upgrades to comply with fire regs, accessibility improvements and repairs to the internal folding doors. We are currently organising repairs to the roof and installation of electric car chargers.
## **Financial review**
The net expenditure for the year was £2,804, including net expenditure of £804 on unrestricted funds and net expenditure of £2,000 on restricted funds after transfers.
3
## Wooldale Community Association
## Trustees' report (continued) for the year ended 31 March 2025
## **Reserves policy**
The charity's free reserves, excluding fixed assets, at the year end were £66,702.
We expect our receipts for the year Apr 2025-Mar 2026 to be approx. £35,000 primarily made up of hirers. This is a projected increase from last year because of better utilisation of the hired space due to the new improved website.
We are continuing to make improvements to the building, expected costs, as follows: -
Further roof repairs £15,000
Upgrades to comply with current fire regs. £ 5,000
Fire doors £ 4,000
Roller shutter £ 2,200
Accessibility improvements £ 3,000
Internal folding door repairs £ 3,000
With annual operational costs of £35,000 and expected receipts of £35,000, the trustees consider that reserves of £35,000 shoud be maintained, and any funds more than this amount will be used for the development of the centre. It will also enable the smooth running of the charity and an orderly winding up should the charity need to close.
The reserves policy and levels of reserves required are reviewed on a yearly basis as part of the annual budgetary process.
Approved by the board of trustees on 13/10/2025
Susan Boden (Trustee)
4
## 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 2025, which are set out on pages 6 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; or 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.
Simon Bostrom FCIE
18/11/2025
## **West Yorkshire Community Accountancy Service CIO**
Stringer House 34 Lupton Street Leeds LS10 2QW
5
## Wooldale Community Association
## Statement of Financial Activities
## (including summary income and expenditure account) for the year ended 31 March 2025
|Notes
2025
Unrestricted
funds
£
**Income from:**
Donations
1,175
Centre usage charges
28,260
Membership
59
Clothing sales
129
Investment income
1,261
Building society interest
476
Event income
639
**Total income**
31,999
**Expenditure on:**
Salaries and NIC
(2)
6,095
Utilities
9,364
Repairs and maintenance
8,183
Printing, postage and stationery
62
Advertising and publicity
94
Office and other expenses
1,368
Insurance
2,188
Cleaning
581
Licences
202
Independent examination
924
Depreciation
3,002
**Total expenditure**
32,063
Net (losses) on investments
(740)
**Net income / (expenditure)**
(804)
**Fund balances brought forward**
86,375
**Fund balances carried forward**
(3)
85,571|2025
Restricted
funds
£
2,000
-
-
-
-
-
-
2,000
-
-
-
-
-
-
-
-
-
-
4,000
4,000
-
(2,000)
218,000
216,000|2025
Total
funds
£
3,175
28,260
59
129
1,261
476
639
33,999
6,095
9,364
8,183
62
94
1,368
2,188
581
202
924
7,002
36,063
(740)
(2,804)
304,375
301,571|2024
Total
funds
£
405
23,368
48
187
1,154
519
-
25,681
6,773
8,288
231
138
188
516
1,427
1,300
146
924
7,002
26,933
3,263
2,011
302,364
304,375|
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
6
## Wooldale Community Association
## Balance sheet
|as at 31 March 2025
2025
Unrestricted
£
**Fixed assets**
Tangible assets
(4)
18,869
**Total fixed assets**
18,869
**Current assets**
Debtors and prepayments
(5)
5,164
Current asset investments
(6)
43,572
Cash at bank and in hand
(7)
19,845
**Total current assets**
68,581
**Current liabilities:**
**amounts falling due within one year**
Creditors and accruals
(8)
1,879
Rent deposits
-
**Total current liabilities**
1,879
**Net current assets**
66,702
**Net assets**
85,571
**Funds**
Unrestricted funds
85,571
Restricted funds
-
**Total funds**
85,571|2025
Restricted
£
214,000
214,000
-
-
2,000
2,000
-
-
-
2,000
216,000
-
216,000
216,000|2025
Total
£
232,869
232,869
5,164
43,572
21,845
70,581
1,879
-
1,879
68,702
301,571
85,571
216,000
301,571|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
218,000
304,375|
|---|---|---|---|
The financial statements were approved by the board of trustees on 13/10/2025
Susan Boden (Trustee)
7
## Wooldale Community Association
## Notes to the accounts
## for the year ended 31 March 2025
## **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 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
## **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.
8
## Wooldale Community Association
## Notes to the accounts continued
## for the year ended 31 March 2025
|**2 Staff costs and numbers**
Gross salaries|2025
£
6,095
6,095|2024
£
6,773
6,773|
|---|---|---|
The average number of employees during the year was 1.4, being an average of 0.3 full time equivalent (2024: 2, 0.4 FTE). There were no employees with emoluments above £60,000.
|**3 Restricted funds**
Wooldale Community Centre
Friends Holme Valley Fund|Balance b/f
£
218,000
-
218,000|Incoming
£
-
2,000
2,000|Outgoing
£
4,000
-
4,000|Transfers
£
-
-
-|Balance c/f
£
214,000
2,000
216,000|
|---|---|---|---|---|---|
## **Fund name**
Wooldale Community Centre
Friends Holme Valley Fund
## **Purpose of restriction**
The asset transfer is subject to the restriction that the building is for community use.
Planning to launch regular events at the centre
|**4 **
**5 **|**Tangible assets**
**Cost**
At 1 April 2024
Additions
At 31 March 2025
**Depreciation**
At 1 April 2024
Charge for year
At 31 March 2025
**Net book value**
At 31 March 2025
At 31 March 2024
**Debtors and prepayments**
Debtors
Prepayments|£
71,803
-
71,803
49,932
3,002
52,934
18,869
21,871
Fixtures
and fittings|£
200,000
-
200,000
32,000
4,000
36,000
164,000
168,000
Freehold
buildings|£
50,000
-
50,000
-
-
-
50,000
50,000
2025
£
2,977
2,187
5,164
Freehold
land|Total
£
321,803
-
321,803
81,932
7,002
88,934
232,869
239,871
2024
£
10,287
1,650
11,937|
|---|---|---|---|---|---|
9
## Wooldale Community Association
## Notes to the accounts continued
## for the year ended 31 March 2025
|**6 Current asset investments**
Market value bought forward
Disposals in year
Add: net gain/ loss on revaluation
Carrying (market) value at end of year
**7 Cash at bank and in hand**
Cash at bank
Cash in hand
**8 Creditors and accruals**
Creditors
Accruals
Taxation and social security|2025
£
44,312
-
(740)
43,572
2025
£
21,694
151
21,845
2025
£
865
924
90
1,879|2024
£
41,548
(500)
3,263
44,311
2024
£
11,130
71
11,201
2024
£
1,607
924
124
2,655|
|---|---|---|
## **9 Related party transactions**
## **Trustee expenses**
No trustee received any expenses during this year or the previous year.
|**Details of remuneration and benefits**
**Legal authority**
Jennifer Walton
Governing document|2025
£
5,056
5,056|2024
£
4,606
4,606|
|---|---|---|
## **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.
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 2025
|2025
2024
Unrestricted Unrestricted
funds
funds
£
£
**Income**
Donations
1,175
405
Centre usage charges
28,260
23,368
Membership
59
48
Clothing sales
129
187
Investment income
1,261
1,154
Building society interest
476
519
Event income
639
-
**Total income**
31,999
25,681
**Expenditure**
Salaries and NIC
6,095
6,773
Utilities
9,364
8,288
Repairs and maintenance
8,183
231
Printing, postage and stationery
62
138
Advertising and publicity
94
188
Office and other expenses
1,368
516
Insurance
2,188
1,427
Cleaning
581
1,300
Licences
202
146
Independent examination
924
924
Depreciation
3,002
3,002
**Total expenditure**
32,063
22,933
Net gains/(losses) on investments
(740)
3,263
**Net income / (expenditure)**
(804)
6,011
**Transfers between funds**
-
10,000
**Net movement in funds**
(804)
16,011
**Fund balances brought forward**
86,375
70,364
**Fund balances carried forward**
85,571
86,375|2025
Restricted
funds
£
2,000
-
-
-
-
-
-
2,000
-
-
-
-
-
-
-
-
-
-
4,000
4,000
-
(2,000)
-
(2,000)
218,000
216,000|2024
Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
4,000
4,000
(4,000)
(10,000)
(14,000)
232,000
218,000|2025
Total
funds
£
3,175
28,260
59
129
1,261
476
639
33,999
6,095
9,364
8,183
62
94
1,368
2,188
581
202
924
7,002
36,063
(740)
(2,804)
-
(2,804)
304,375
301,571|2024
Total
funds
£
405
23,368
48
187
1,154
519
-
25,681
6,773
8,288
231
138
188
516
1,427
1,300
146
924
7,002
26,933
3,263
2,011
-
2,011
302,364
304,375|
|---|---|---|---|---|
11
## Wooldale Community Association
Charity number 1159314
## Annual Report and Financial Statements
for the year ended 31 March 2025
## Wooldale Community Association
Annual Report and Financial Statements for the year ended 31 March 2025
|**Contents**|**Page**|
|---|---|
|Trustees' report|2 to 4|
|Examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the accounts|8 to 11|
**Prepared by West Yorkshire Community Accountancy Service CIO**
1
## Wooldale Community Association
## Trustees' report for the year ended 31 March 2025
## **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**
**Name Position Dates** John Lightfoot Chair Holly Lightfoot-Wild Secretary Susan Boden Treasurer Gillian Flewers Jennifer Walton Andrew Dearnley Jennie Booth Mark Boden Appointed 13 May 2024 Christopher Lightfoot -Wild Emma Mitchell Ann Booth Appointed 7 October 2024 Mike Hirst Resigned 2 December 2024 William Pearson Resigned 2 September 2024 Tracy Quayle Resigned 27 August 2024 A Beaumont Resigned 13 May 2024 David Taylor Resigned 8 July 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 Yorkshire Building Society Unit 11-12 Kingsgate Shopping Centre PO Box 12892 4 Market Place Huddersfield Dunmow, Essex Honley HD1 2QB CM6 9DL Holmfirth HD9 6NY
## **Independent examiner**
Simon Bostrom FCIE **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 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 2025
## **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.
## **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 public is, in the opinion of the Trustees, confirmation of such public benefit. The Community Centre is hired by a wide range of groups including Preschool, Dance, Tutoring, Music, U3A, Crafts and Sports groups. We hold charity fundraising events and the Centre is regularly used as a Polling Station.
## **Achievements and performance**
We have kept our hire charges to a minimum rate to encourage new hirers and enable regular hirers to continue to use the centre. The number of hirers has increased this year.
We have decorated the two large rooms, replaced old curtains with blinds, repaired a radiator and replaced a water heater. We have received a lot of positive feedback. We have set up a new, improved website and multiple use cloud storage. We continue to look at making improvements to the centre building, including upgrades to comply with fire regs, accessibility improvements and repairs to the internal folding doors. We are currently organising repairs to the roof and installation of electric car chargers.
## **Financial review**
The net expenditure for the year was £2,804, including net expenditure of £804 on unrestricted funds and net expenditure of £2,000 on restricted funds after transfers.
3
## Wooldale Community Association
## Trustees' report (continued) for the year ended 31 March 2025
## **Reserves policy**
The charity's free reserves, excluding fixed assets, at the year end were £66,702.
We expect our receipts for the year Apr 2025-Mar 2026 to be approx. £35,000 primarily made up of hirers. This is a projected increase from last year because of better utilisation of the hired space due to the new improved website.
We are continuing to make improvements to the building, expected costs, as follows: -
Further roof repairs £15,000
Upgrades to comply with current fire regs. £ 5,000
Fire doors £ 4,000
Roller shutter £ 2,200
Accessibility improvements £ 3,000
Internal folding door repairs £ 3,000
With annual operational costs of £35,000 and expected receipts of £35,000, the trustees consider that reserves of £35,000 shoud be maintained, and any funds more than this amount will be used for the development of the centre. It will also enable the smooth running of the charity and an orderly winding up should the charity need to close.
The reserves policy and levels of reserves required are reviewed on a yearly basis as part of the annual budgetary process.
Approved by the board of trustees on 13/10/2025
Susan Boden (Trustee)
4
## 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 2025, which are set out on pages 6 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; or 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.
Simon Bostrom FCIE
18/11/2025
## **West Yorkshire Community Accountancy Service CIO**
Stringer House 34 Lupton Street Leeds LS10 2QW
5
## Wooldale Community Association
## Statement of Financial Activities
## (including summary income and expenditure account) for the year ended 31 March 2025
|Notes
2025
Unrestricted
funds
£
**Income from:**
Donations
1,175
Centre usage charges
28,260
Membership
59
Clothing sales
129
Investment income
1,261
Building society interest
476
Event income
639
**Total income**
31,999
**Expenditure on:**
Salaries and NIC
(2)
6,095
Utilities
9,364
Repairs and maintenance
8,183
Printing, postage and stationery
62
Advertising and publicity
94
Office and other expenses
1,368
Insurance
2,188
Cleaning
581
Licences
202
Independent examination
924
Depreciation
3,002
**Total expenditure**
32,063
Net (losses) on investments
(740)
**Net income / (expenditure)**
(804)
**Fund balances brought forward**
86,375
**Fund balances carried forward**
(3)
85,571|2025
Restricted
funds
£
2,000
-
-
-
-
-
-
2,000
-
-
-
-
-
-
-
-
-
-
4,000
4,000
-
(2,000)
218,000
216,000|2025
Total
funds
£
3,175
28,260
59
129
1,261
476
639
33,999
6,095
9,364
8,183
62
94
1,368
2,188
581
202
924
7,002
36,063
(740)
(2,804)
304,375
301,571|2024
Total
funds
£
405
23,368
48
187
1,154
519
-
25,681
6,773
8,288
231
138
188
516
1,427
1,300
146
924
7,002
26,933
3,263
2,011
302,364
304,375|
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
6
## Wooldale Community Association
## Balance sheet
|as at 31 March 2025
2025
Unrestricted
£
**Fixed assets**
Tangible assets
(4)
18,869
**Total fixed assets**
18,869
**Current assets**
Debtors and prepayments
(5)
5,164
Current asset investments
(6)
43,572
Cash at bank and in hand
(7)
19,845
**Total current assets**
68,581
**Current liabilities:**
**amounts falling due within one year**
Creditors and accruals
(8)
1,879
Rent deposits
-
**Total current liabilities**
1,879
**Net current assets**
66,702
**Net assets**
85,571
**Funds**
Unrestricted funds
85,571
Restricted funds
-
**Total funds**
85,571|2025
Restricted
£
214,000
214,000
-
-
2,000
2,000
-
-
-
2,000
216,000
-
216,000
216,000|2025
Total
£
232,869
232,869
5,164
43,572
21,845
70,581
1,879
-
1,879
68,702
301,571
85,571
216,000
301,571|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
218,000
304,375|
|---|---|---|---|
The financial statements were approved by the board of trustees on 13/10/2025
Susan Boden (Trustee)
7
## Wooldale Community Association
## Notes to the accounts
## for the year ended 31 March 2025
## **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 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
## **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.
8
## Wooldale Community Association
## Notes to the accounts continued
## for the year ended 31 March 2025
|**2 Staff costs and numbers**
Gross salaries|2025
£
6,095
6,095|2024
£
6,773
6,773|
|---|---|---|
The average number of employees during the year was 1.4, being an average of 0.3 full time equivalent (2024: 2, 0.4 FTE). There were no employees with emoluments above £60,000.
|**3 Restricted funds**
Wooldale Community Centre
Friends Holme Valley Fund|Balance b/f
£
218,000
-
218,000|Incoming
£
-
2,000
2,000|Outgoing
£
4,000
-
4,000|Transfers
£
-
-
-|Balance c/f
£
214,000
2,000
216,000|
|---|---|---|---|---|---|
## **Fund name**
Wooldale Community Centre
Friends Holme Valley Fund
## **Purpose of restriction**
The asset transfer is subject to the restriction that the building is for community use.
Planning to launch regular events at the centre
|**4 **
**5 **|**Tangible assets**
**Cost**
At 1 April 2024
Additions
At 31 March 2025
**Depreciation**
At 1 April 2024
Charge for year
At 31 March 2025
**Net book value**
At 31 March 2025
At 31 March 2024
**Debtors and prepayments**
Debtors
Prepayments|£
71,803
-
71,803
49,932
3,002
52,934
18,869
21,871
Fixtures
and fittings|£
200,000
-
200,000
32,000
4,000
36,000
164,000
168,000
Freehold
buildings|£
50,000
-
50,000
-
-
-
50,000
50,000
2025
£
2,977
2,187
5,164
Freehold
land|Total
£
321,803
-
321,803
81,932
7,002
88,934
232,869
239,871
2024
£
10,287
1,650
11,937|
|---|---|---|---|---|---|
9
## Wooldale Community Association
## Notes to the accounts continued
## for the year ended 31 March 2025
|**6 Current asset investments**
Market value bought forward
Disposals in year
Add: net gain/ loss on revaluation
Carrying (market) value at end of year
**7 Cash at bank and in hand**
Cash at bank
Cash in hand
**8 Creditors and accruals**
Creditors
Accruals
Taxation and social security|2025
£
44,312
-
(740)
43,572
2025
£
21,694
151
21,845
2025
£
865
924
90
1,879|2024
£
41,548
(500)
3,263
44,311
2024
£
11,130
71
11,201
2024
£
1,607
924
124
2,655|
|---|---|---|
## **9 Related party transactions**
## **Trustee expenses**
No trustee received any expenses during this year or the previous year.
|**Details of remuneration and benefits**
**Legal authority**
Jennifer Walton
Governing document|2025
£
5,056
5,056|2024
£
4,606
4,606|
|---|---|---|
## **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.
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 2025
|2025
2024
Unrestricted Unrestricted
funds
funds
£
£
**Income**
Donations
1,175
405
Centre usage charges
28,260
23,368
Membership
59
48
Clothing sales
129
187
Investment income
1,261
1,154
Building society interest
476
519
Event income
639
-
**Total income**
31,999
25,681
**Expenditure**
Salaries and NIC
6,095
6,773
Utilities
9,364
8,288
Repairs and maintenance
8,183
231
Printing, postage and stationery
62
138
Advertising and publicity
94
188
Office and other expenses
1,368
516
Insurance
2,188
1,427
Cleaning
581
1,300
Licences
202
146
Independent examination
924
924
Depreciation
3,002
3,002
**Total expenditure**
32,063
22,933
Net gains/(losses) on investments
(740)
3,263
**Net income / (expenditure)**
(804)
6,011
**Transfers between funds**
-
10,000
**Net movement in funds**
(804)
16,011
**Fund balances brought forward**
86,375
70,364
**Fund balances carried forward**
85,571
86,375|2025
Restricted
funds
£
2,000
-
-
-
-
-
-
2,000
-
-
-
-
-
-
-
-
-
-
4,000
4,000
-
(2,000)
-
(2,000)
218,000
216,000|2024
Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
4,000
4,000
(4,000)
(10,000)
(14,000)
232,000
218,000|2025
Total
funds
£
3,175
28,260
59
129
1,261
476
639
33,999
6,095
9,364
8,183
62
94
1,368
2,188
581
202
924
7,002
36,063
(740)
(2,804)
-
(2,804)
304,375
301,571|2024
Total
funds
£
405
23,368
48
187
1,154
519
-
25,681
6,773
8,288
231
138
188
516
1,427
1,300
146
924
7,002
26,933
3,263
2,011
-
2,011
302,364
304,375|
|---|---|---|---|---|
11
## 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 2025, which are set out on pages 6 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; or 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.
Signed: …………………………………… Name: Simon Bostrom FCIE
18/11/2025
## **West Yorkshire Community Accountancy Service CIO**
Stringer House 34 Lupton Street Leeds LS10 2QW
5