2023-03-31-accounts - Marsden Community Trust Ltd

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Marsden Community Trust Limited

Charity number 1168910

A company limited by guarantee number 09392970

Annual Report and Financial Statements

for the year ended 31 March 2023

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Marsden Community Trust Limited

Annual Report and Financial Statements for the year ended 31 March 2023

Contents	Page
Trustees' report	2 to 5
Examiner's report	6
Statement of financial activities	7
Balance sheet	8
Notes to the accounts	9 to 14

Prepared by West Yorkshire Community Accountancy Service CIO

Marsden Community Trust Limited

Trustees' report for the year ended 31 March 2023

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

Mark Crowe Thomas Lonsdale Chair Diane Barkley Martin Collett Jane Hurn Treasurer Sheila Bates Gordon Bruce Katherine Shackleton Adrian Lord Nathan Paul Secretary Ian Swallow Desmond Hurley Lauren Ryall-Waite Charity number 1168910 Company number 09392970 Registered and principal address Bankers Marsden Mechanics Hall The Co-operative Bank Peel Street P O Box 250 Marsden Skelmersdale Huddersfield England HD7 6BW WN8 6WT

Resigned 31 May 2022

Resigned 17 January 2023

Resigned 31 May 2022

Resigned 17 January 2023

Resigned 15 August 2023 Resigned 17 January 2023 Appointed 27 January 2023 Appointed 15 August 2023

Registered in England and Wales 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 company limited by guarantee and was formed on 16 January 2015. It is governed by a memorandum and articles of association as amended by special resolution on 21 July 2016. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £1.

Method of recruitment and appointment of trustees

The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM.

Marsden Community Trust Limited

Trustees' report (continued) for the year ended 31 March 2023

Objectives and activities

The charity's objects

To advance heritage generally and/or preserve, for the benefit of the general public, the historical, architectural and constructional heritage existing in and around Marsden in buildings (including any structure or erection, and any part of a building as so defined) of particular beauty or historical, architectural or constructional interest;

To advance the arts, culture, education, health and well-being by (but not restricted to) the provision of facilities in which these activities can take place for the benefit of the public in Marsden and/or those who, by reason of their youth, age, infirmity or disability, financial hardship or social and economic circumstances, have need of such facilities.

To provide or assist in the provision of recreational facilities for the public at large.

To advance environmental protection and improvement in Marsden through the provision, maintenance and/or improvement of public open space and other public amenities and other environmental and regeneration projects (but subject to appropriate safeguards to ensure that the public benefits so arising clearly outweigh any private benefit thereby conferred on private landowners)

To further such other exclusively charitable purposes according to the law of England and Wales as the Directors in their absolute discretion from time to time determine.

The charity's main activities

Marsden Community Trust exists to take on assets and run them for the benefit of Marsden, West Yorkshire, and the surrounding areas.

Public benefit statement

The Trust devotes most of its energy to ensuring that the community of Marsden has a robust and welcoming community centre in the Mechanics. This provision benefits all Marsden residents owing to its inclusiveness but special efforts are made to welcome the disadvantaged, for instance those living with dementia. During the Covid period, the Mechanics also played an important part in provision of a food bank for those in difficulty. These and other initiatives benefit people directly but there is also the less tangible benefit to the ambience of the village and its economic performance as a tourism destination that results from the noble presence of this fine building at the heart of the village.

Achievements and performance

Over last winter, we have received funding from Power to Change, of which part was used to provide a Warm space with food available 3 times per week for 3.5 months.

Marsden Community Trust Limited

Trustees' report (continued) for the year ended 31 March 2023

Financial review

The net expenditure for the year was £230,109, including net income of £1,458 on unrestricted funds and net expenditure of £231,567 on restricted funds after transfers.

Reserves policy

The charity's free reserves, excluding fixed assets, at the year end were £55,889.

The charity aims to build reserves to cover 6 months operating expenditure for the purpose of ensuring the smooth running of the charity and to enable an orderly winding up should the charity need to close.

Going Concern

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.

Marsden Community Trust Limited Trustees' report (continued) for the year ended 31 March 2023

Statement of trustees' responsibilities

The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.

Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and apply them consistently;

observe the methods and principles in the Charities SORP;

make judgements and estimates that are reasonable and prudent;

state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.

approved by the board of trustees on 17/10/2023

Jane Hurn (Trustee)

Marsden Community Trust Limited

Independent examiner's report to the trustees of Marsden Community Trust Limited

I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2023, which are set out on pages 7 to 14.

Responsibilities and basis of report

As the charity's trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 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 company as required by section 386 of the 2006 Act; or 2 the accounts do not accord with those records; or
3 the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

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

03/11/2023

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

Marsden Community Trust Limited

Statement of Financial Activities

(including summary income and expenditure account) for the year ended 31 March 2023

Notes 2023 Unrestricted funds £ Income from: Grants and donations (2) 12,032 Room and hall hire 17,139 Library hire 1,324 Rental income 4,019 Services 2,962 Event income 25,877 Other income 541 Fundraising 4,055 Activity income 1,872 Bank interest 67 Total income 69,888 Expenditure on: Salaries and NI (3) 19,218 Pension (3) 1,187 Payroll and pension costs 622 Activity costs 355 Rates 469 Insurance 3,232 Heat and light - Cleaning and waste 1,223 Repairs and maintenance 8,980 Stationery and office supplies 511 Advertising 1,584 Telephone and internet 1,467 Membership 270 Events and tickets 19,593 Fundraising 551 Licences 1,038 Independent examination costs 1,320 Legal and professional fees 361 Bank charges 478 Equipment 273 Depreciation 4,938 Volunteer expenses 120 Recruitment - Return to grant funder - Sundries 281 Loan interest 44 Total expenditure 68,115 Net income / (expenditure) 1,773 Transfers between funds (315) Net movement in funds 1,458 Fund balances brought forward 226,197 Fund balances carried forward (4) 227,655	2023 Restricted funds £ 6,775 - - - - - - - 3,310 - 10,085 20,598 1,622 94 1,982 1,242 - 8,115 - 202,390 - 171 - - 1,080 - - - 573 - - - - - - - 4,100 241,967 (231,882) 315 (231,567) 304,806 73,239	2023 Total funds £ 18,807 17,139 1,324 4,019 2,962 25,877 541 4,055 5,182 67 79,973 39,816 2,809 716 2,337 1,711 3,232 8,115 1,223 211,370 511 1,755 1,467 270 20,673 551 1,038 1,320 934 478 273 4,938 120 - - 281 4,144 310,082 (230,109) - (230,109) 531,003 300,894	2022 Total funds £ 330,807 20,935 882 4,377 2,027 22,099 119 3,419 2,082 3 386,750 23,460 1,068 540 2,233 1,139 2,569 8,556 437 7,696 142 1,773 1,366 252 18,250 587 1,685 900 998 984 594 4,938 33 495 490 - - 81,185 305,565 - 305,565 225,438 531,003

All incoming resources and resources expended derive from continuing activities.

Marsden Community Trust Limited

Balance sheet

as at 31 March 2023 2023 Unrestricted £ Fixed assets Tangible assets (5) 171,766 Total fixed assets 171,766 Current assets Debtors and prepayments (6) 67,706 Cash at bank and in hand (7) (5,640) Total current assets 62,066 Current liabilities: amounts falling due within one year Creditors and accruals (8) 6,177 Total current liabilities 6,177 Net current assets / (liabilities) 55,889 Net assets 227,655 Funds Unrestricted funds 227,655 Restricted funds - Total funds 227,655	2023 Restricted £ - - - 73,239 73,239 - 73,239 73,239 - 73,239 73,239	2023 Total £ 171,766 171,766 67,706 67,599 135,305 6,177 6,177 129,128 300,894 227,655 73,239 300,894	2022 Total £ 176,704 176,704 287,607 155,916 443,523 89,224 89,224 354,299 531,003 226,197 304,806 531,003

For the year ending 31 March 2023 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).

The financial statements were approved by the board of trustees on 17/10/2023

Jane Hurn (Trustee)

Marsden Community Trust Limited

Notes to the accounts

for the year ended 31 March 2023

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.

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 £500 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 and buildings: over 50 years Fixtures and Fittings: over 5 years Equipment: over 4 years

Pensions

The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.

Marsden Community Trust Limited

Notes to the accounts continued

for the year ended 31 March 2023

1 Accounting policies continued

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 Cuckoos Nest Garfield Weston HMRC Job Retention Scheme (JRS) Keyfund Kirklees Council Marsden Community Trust Trading National Lottery Community Fund (TNL) One Community Power to Change Trust Other donations 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions	2023 Unrestricted funds £ - - - - - 10,440 - - - 1,592 12,032	2023 Restricted funds £ 630 1,380 (5,264) 10,000 29 6,775	2023 Total funds £ 630 - - - 1,380 10,440 (5,264) - 10,000 1,621 18,807 2023 £ 40,848 1,564 (1,564) 1,776 42,625	2022 Total funds £ 674 20,000 1,364 4,100 95,273 2,606 199,219 3,000 - 4,571 330,807 2022 £ 23,460 462 (462) 1,068 24,528

The average number of employees during the year was 4.3, being an average of 1.6 full time equivalent (2022: 2.8, 1.1 FTE). There were no employees with emoluments above £60,000.

Defined contribution pension scheme	2023	2022
	£	£
Costs of the scheme to the charity for the year	1,776	1,068
Amount of any contributions outstanding at the year end	135	340

Marsden Community Trust Limited

Notes to the accounts continued

for the year ended 31 March 2023

4 Restricted funds Balance b/f £ Cuckoos Nest 58 Ward Councillor funding 199 Ward councillor funding (2) 1,064 One Community (4) 3,469 Garfield Weston 15,709 TNL - Reaching Communities 1,646 Keyfund Northern Impact Fund 4,100 Power to Change Trust - TNL community fund 193,955 Kirklees Council 84,606 Kirklees Council (2) - Donations re toilet refurbishment - Colne Valley Anchor Network - 304,806	Incoming £ 630 - - - - - - 10,000 (5,264) - 1,380 29 3,310 10,085	Outgoing £ 630 - - 1,923 15,709 1,646 4,100 5,794 126,412 84,606 1,147 - - 241,967	Transfers £ - - - - - - - - - - - 315 - 315	Balance c/f £ 58 199 1,064 1,546 - - - 4,206 62,279 - 233 344 3,310 73,239

Fund name Purpose of restriction Cuckoos Nest

£1,000 towards heating repair, £1,000 towards glazing in the small room, £670 towards the toilet refurbishment and £209 towards a fridge. Towards Ping sessions.

Ward Councillor funding Ward councillor funding (2)

Towards repair work to conservatory and fire doors, purchase and replace display boards, paint for meeting rooms and reception area, + 2 days professional time for finishing prep work and top coat of painting.

One Community (4) Garfield Weston

Towards a Tea Dance, a Memory Cafe and a Stay and Play group. This money is part of a larger grant agreement involving The National Lottery - Reaching Communities, and Kirklees Council.

TNL - Reaching Communities Keyfund Northern Impact Fund

Revenue funding to go towards covering utility costs.

Grant related to our bridge funding to cover the loan interest charges, any surplus being available for any use.

Power to Change Trust

Towards core costs and providing a warm space 3 mornings a week with entertainment and refreshments to support the local community.

TNL community fund

Towards the Marsden Mechanics Resilience Project over 3 years for capital works to the building, utility costs and salary for the Community and Business Development Manager role.

Kirklees Council

A capital grant towards the refurbishment of the Mechanics Institute in Marsden.

Kirklees Council (2) Donations re toilet refurbishment

Towards the charity market stall.

Towards the refurbishment and upkeep of the toilets in the Mechanics Institute. In previous years donations for this purpose have been included in unrestricted but have now been transferred into this restricted fund.

Colne Valley Anchor Network

Funding towards a joint venture to provide specific community activities.

Marsden Community Trust Limited

Notes to the accounts continued

for the year ended 31 March 2023

5 6 7 8	Tangible assets Cost At 1 April 2022 Additions At 31 March 2023 Depreciation At 1 April 2022 Charge for year At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 Debtors and prepayments Debtors Amounts owed by subsidiary company Prepayments Accrued income Other debtors Cash at bank and in hand Cash at bank Cash in hand Creditors and accruals Bank loans and overdrafts Creditors Accruals Taxation and social security Other creditors	£ 2,389 - 2,389 1,059 598 1,657 732 1,330 Equipment	£ 196,892 - 196,892 22,075 3,937 26,012 170,880 174,817 Property	£ 2,580 - 2,580 2,023 403 2,426 154 557 2023 £ 6,347 6,440 839 54,080 - 67,706 2023 £ 67,291 308 67,599 2023 £ 1,737 1,868 2,360 77 135 6,177 Fixtures and Fittings	Total £ 201,861 - 201,861 25,157 4,938 30,095 171,766 176,704 2022 £ 5,115 2,906 965 278,561 60 287,607 2022 £ 155,831 85 155,916 2022 £ 85,000 2,079 1,805 - 340 89,224

Marsden Community Trust Limited

Notes to the accounts continued

for the year ended 31 March 2023

9 Related party transactions

Trustee expenses

No trustee received any expenses during this year or the previous year.

Trustee remuneration and benefits

No trustee received any remuneration or benefit during this or the previous year.

Other transactions with trustees or related parties

Other transactions with trustees or related p 10 Funds held as agent Poetry Group Ukraine Support Network Youth Club Subsidiary trading company Name of trustee or related party Relationship to charity Marsden Community Trust Trading	arties Balance b/f Incoming £ £ - 570 - 1,340 - 422 - 2,332 Donation from subsidiary trading company Description of transaction	2023 £ 10,440 10,440 Outgoing £ 95 500 - 595	2022 £ 2,606 2,606 Balance c/f £ 475 840 422 1,737

Marsden Community Trust Limited

Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2023

2023 2022 Unrestricted Unrestricted funds funds £ £ Income Grants and donations 12,032 17,844 Room and hall hire 17,139 20,935 Library hire 1,324 882 Rental income 4,019 4,377 Services 2,962 2,027 Event income 25,877 22,099 Other income 541 119 Fundraising 4,055 3,419 Activity income 1,872 2,082 Bank interest 67 3 Total income 69,888 73,787 Expenditure Salaries and NI 19,218 17,416 Pension 1,187 1,068 Payroll and pension costs 622 516 Activity costs 355 2,042 Rates 469 891 Insurance 3,232 2,569 Heat and light - 6,135 Cleaning and waste 1,223 330 Repairs and maintenance 8,980 6,373 Stationery and office supplies 511 142 Advertising 1,584 1,345 Telephone and internet 1,467 1,095 Membership 270 189 Events and tickets 19,593 16,960 Fundraising 551 587 Licences 1,038 771 Independent examination costs 1,320 900 Legal and professional fees 361 348 Bank charges 478 984 Equipment 273 467 Depreciation 4,938 4,938 Volunteer expenses 120 33 Recruitment - - Return to grant funder - - Sundries 281 - Loan interest 44 - Total expenditure 68,115 66,099 Net income / (expenditure) 1,773 7,688 Transfers between funds (315) 547 Net movement in funds 1,458 8,235 Fund balances brought forward 226,197 217,962 Fund balances carried forward 227,655 226,197	2023 Restricted funds £ 6,775 - - - - - - - 3,310 - 10,085 20,598 1,622 94 1,982 1,242 - 8,115 - 202,390 - 171 - - 1,080 - - - 573 - - - - - - - 4,100 241,967 (231,882) 315 (231,567) 304,806 73,239	2022 Restricted funds £ 312,963 - - - - - - - - - 312,963 6,044 - 24 191 248 - 2,421 107 1,323 - 428 271 63 1,290 - 914 - 650 - 127 - - 495 490 - 15,086 297,877 (547) 297,330 7,476 304,806	2023 Total funds £ 18,807 17,139 1,324 4,019 2,962 25,877 541 4,055 5,182 67 79,973 39,816 2,809 716 2,337 1,711 3,232 8,115 1,223 211,370 511 1,755 1,467 270 20,673 551 1,038 1,320 934 478 273 4,938 120 - - 281 4,144 310,082 (230,109) - (230,109) 531,003 300,894	2022 Total funds £ 330,807 20,935 882 4,377 2,027 22,099 119 3,419 2,082 3 386,750 23,460 1,068 540 2,233 1,139 2,569 8,556 437 7,696 142 1,773 1,366 252 18,250 587 1,685 900 998 984 594 4,938 33 495 490 - - 81,185 305,565 - 305,565 225,438 531,003