## 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 2024
## Marsden Community Trust Limited
Annual Report and Financial Statements for the year ended 31 March 2024
|**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 14|
## **Prepared by West Yorkshire Community Accountancy Service CIO**
1
## Marsden Community Trust Limited
## 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**
Thomas Lonsdale Chair Martin Collett Jane Hurn Treasurer Gordon Bruce Adrian Lord Nathan Paul Secretary Desmond Hurley Lauren Ryall-Waite Louise Warwick Diane Ellis Joanne Warmington Alastair Hanson James Boothroyd Luke Matthews
Resigned 24 October 2023
Resigned 15 August 2023 Resigned 18 January 2024 Appointed 15 August 2023 Appointed 21 November 2023 Appointed 17 October 2023 Appointed 17 October 2023 Appointed 17 October 2023 Appointed 17 October 2023 Appointed 1 November 2023
**Charity number** 1168910 **Company number** 09392970
Registered in England and Wales Registered in England and Wales
**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
## **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.
2
## Marsden Community Trust Limited Trustees' report (continued) for the year ended 31 March 2024
## **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**
We have completed the capital works to Marsden Mechanics within this financial year, which helps to ensure the structural longevity of the building, improving its future outlook.
We have worked in conjunction with Kirklees Council to run a Place Standard consultation called “What Matters to Marsden” to work towards the improvement of Marsden for residents and visitors.
## **Financial review**
The net expenditure for the year was £16,733, including net income of £19,868 on unrestricted funds and net expenditure of £36,601 on restricted funds after transfers.
## **Reserves policy**
The charity's free reserves, excluding fixed assets, at the year end were £79,724.
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.
3
## Marsden Community Trust Limited Trustees' report (continued) for the year ended 31 March 2024
## **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 17/10/2024
J S Hurn (Trustee)
4
## 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 2024, which are set out on pages 6 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
22/11/2024
## **West Yorkshire Community Accountancy Service CIO**
Stringer House 34 Lupton Street Leeds LS10 2QW
5
## Marsden Community Trust Limited
## 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)
17,221
Room and hall hire
21,284
Library hire
1,388
Rental income
4,488
Services
4,133
Event income
34,530
Other income
3,732
Fundraising
4,267
Activity income
2,075
Bank interest
55
**Total income**
93,173
**Expenditure on:**
Salaries and NI
(3)
22,418
Payroll and pension costs
601
Activity costs
254
Rates
200
Insurance
3,800
Heat and light
252
Cleaning and waste
1,474
Repairs and maintenance
8,192
Stationery and office supplies
599
Advertising
2,009
Telephone and internet
1,409
Membership
570
Events and tickets
24,368
Fundraising
1,876
Licences
1,022
Independent examination costs
1,650
Legal and professional fees
797
Bank charges
962
Equipment
638
Depreciation
4,867
Volunteer expenses
-
Sundries
102
Loan interest
-
Bad debts
258
**Total expenditure**
78,318
**Net income / (expenditure)**
14,855
**Transfers between funds**
5,013
**Net movement in funds**
19,868
**Fund balances brought forward**
227,655
**Fund balances carried forward**
(4)
247,523|2024
Restricted
funds
£
15,312
-
-
-
-
-
-
-
500
-
15,812
20,369
-
4,321
984
-
11,603
-
6,814
3
1,951
-
-
128
233
-
-
300
-
184
-
510
-
-
-
47,400
(31,588)
(5,013)
(36,601)
73,239
36,638|2024
Total
funds
£
32,533
21,284
1,388
4,488
4,133
34,530
3,732
4,267
2,575
55
108,985
42,787
601
4,575
1,184
3,800
11,855
1,474
15,006
602
3,960
1,409
570
24,496
2,109
1,022
1,650
1,097
962
822
4,867
510
102
-
258
125,718
(16,733)
-
(16,733)
300,894
284,161|2023
Total
funds
£
18,807
17,139
1,324
4,019
2,962
25,877
541
4,055
5,182
67
79,973
42,625
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|
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
6
## Marsden Community Trust Limited
## Balance sheet
|as at 31 March 2024
2024
Unrestricted
£
**Fixed assets**
Tangible assets
(5)
167,799
**Total fixed assets**
167,799
**Current assets**
Stock
-
Debtors and prepayments
(6)
39,034
Cash at bank and in hand
(7)
45,274
**Total current assets**
84,308
**Current liabilities:**
**amounts falling due within one year**
Creditors and accruals
(8)
4,584
**Total current liabilities**
4,584
**Net current assets / (liabilities)**
79,724
**Net assets**
247,523
**Funds**
Unrestricted funds
247,523
Restricted funds
-
**Total funds**
247,523|2024
Restricted
£
-
-
-
-
36,638
36,638
-
-
36,638
36,638
-
36,638
36,638|2024
Total
£
167,799
167,799
-
39,034
81,912
120,946
4,584
4,584
116,362
284,161
247,523
36,638
284,161|2023
Total
£
171,766
171,766
-
67,706
65,862
133,568
4,440
4,440
129,128
300,894
227,655
73,239
300,894|
|---|---|---|---|
For the year ending 31 March 2024 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 are 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 17/10/2024
J S Hurn (Trustee)
7
## Marsden Community Trust Limited
## 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.
## **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.
8
## Marsden Community Trust Limited
## Notes to the accounts
for the year ended 31 March 2024
## **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.
## **Stock**
Stock is valued at the lower of cost and net realisable value.
9
## Marsden Community Trust Limited
## Notes to the accounts continued
## for the year ended 31 March 2024
|**2 Grants and donations**
Cuckoos Nest
Kirklees Council
Marsden Community Trust Trading
National Lottery Community Fund (TNL)
Power to Change Trust
One Community
Other donations
**3 Staff costs and numbers**
Gross salaries
Social security costs
Employment allowance
Pensions|2024
Unrestricted
funds
£
-
-
11,566
-
-
-
5,655
17,221|2024
Restricted
funds
£
6,626
-
5,659
-
3,000
27
15,312|2024
Total
funds
£
6,626
11,566
5,659
-
3,000
5,682
32,533
2024
£
41,080
1,638
(1,638)
1,707
42,787|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|
|---|---|---|---|---|
The average number of employees during the year was 4, being an average of 1.8 full time equivalent (2023: 4.3, 1.6 FTE). There were no employees with emoluments above £60,000.
|**Defined contribution pension scheme**|2024|2023|
|---|---|---|
||£|£|
|Costs of the scheme to the charity for the year|1,707|1,776|
|Amount of any contributions outstanding at the year end|-|135|
|Amount of any contributions prepaid at the year end|-|-|
10
## Marsden Community Trust Limited
## Notes to the accounts continued
## for the year ended 31 March 2024
|**4 Restricted funds**
Balance b/f
£
Cuckoos Nest
58
Colne Valley Anchor Network
3,310
Kirklees Council - Warm spaces
-
Kirklees Council - Markets
233
One Community (4)
1,546
Ward Councillor funding
199
Power to Change Trust
4,206
TNL community fund
62,279
Donations re toilet refurbishment
344
Ward councillor funding (2)
1,064
73,239|Incoming
£
-
500
6,626
-
3,000
-
-
5,659
27
-
15,812|Outgoing
£
-
1,874
3,994
233
2,607
-
2,397
35,230
1
1,064
47,400|Transfers
£
(58)
(852)
(2,632)
-
-
-
(1,471)
-
-
-
(5,013)|Balance c/f
£
-
1,084
-
-
1,939
199
338
32,708
370
-
36,638|
|---|---|---|---|---|
**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.
The transfer relates to the small balance on the fund being transferred to unrestricted with the permission of the funder.
Colne Valley Anchor Network
Kirklees Council - Warm spaces
Kirklees Council - Markets One Community (4) Ward Councillor funding Power to Change Trust
TNL community fund
Funding towards a joint venture to provide specific community activities. The transfer relates to room hire charges relating to this fund. To provide a warm space in the Library at Marsden Mechanics. The transfer relates to the room hire cost of using the library.
To enable Marsden Markets to take place a number of times in the village. Towards a Tea Dance, a Memory Cafe and a Stay and Play group. Towards Ping sessions.
Towards core costs and providing a warm space 3 mornings a week with entertainment and refreshments to support the local community. The transfer relates to the room hire cost and cost of activities.
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.
Donations re toilet refurbishment Towards the refurbishment and upkeep of the toilets in the Mechanics Institute.
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.
11
## Marsden Community Trust Limited
## Notes to the accounts continued
## for the year ended 31 March 2024
|**5 **
**6 **
**7 **
**8 **|**Tangible assets**
**Cost**
At 1 April 2023
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
**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**
Creditors
Accruals
Taxation and social security
Other creditors|£
2,389
2,389
1,657
596
2,253
136
732
Equipment|£
196,892
196,892
26,012
3,937
29,949
166,943
170,880
Property|£
2,580
3,480
2,426
334
2,760
720
154
2024
£
3,033
11,566
3,035
19,757
1,643
39,034
2024
£
81,847
65
81,912
2024
£
563
3,697
108
216
4,584
Fixtures
and Fittings|Total
£
201,861
202,761
30,095
4,867
34,962
167,799
171,766
2023
£
6,347
6,440
839
54,080
-
67,706
2023
£
65,554
308
65,862
2023
£
1,868
2,360
77
135
4,440|
|---|---|---|---|---|---|
12
## Marsden Community Trust Limited
## Notes to the accounts continued
for the year ended 31 March 2024
## **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.
## **Remuneration and benefits received by key management personnel**
The total employee benefits received by key management personnel were £32,160 (previous year: £31,702).
|**Other transactions with trustees or related parties**
**10 Funds held as agent**
Balance b/f
Incoming
£
£
Poetry Group
475
-
Ukraine Support Network
840
-
Youth Club
422
1,920
1,737
1,920
Subsidiary trading
company
Donation from subsidiary
trading company
**Name of trustee or**
**related party**
**Relationship to**
**charity**
**Description of transaction**
Marsden Community
Trust Trading|2024
£
11,566
11,566
Outgoing
£
130
716
422
1,268|2023
£
10,440
10,440
Balance c/f
£
345
124
1,920
2,389|
|---|---|---|
13
## 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 2024
|2024
2023
Unrestricted Unrestricted
funds
funds
£
£
**Income**
Grants and donations
17,221
12,032
Room and hall hire
21,284
17,139
Library hire
1,388
1,324
Rental income
4,488
4,019
Services
4,133
2,962
Event income
34,530
25,877
Other income
3,732
541
Fundraising
4,267
4,055
Activity income
2,075
1,872
Bank interest
55
67
**Total income**
93,173
69,888
**Expenditure**
Salaries and NI
22,418
20,405
Payroll and pension costs
601
622
Activity costs
254
355
Rates
200
469
Insurance
3,800
3,232
Heat and light
252
-
Cleaning and waste
1,474
1,223
Repairs and maintenance
8,192
8,980
Stationery and office supplies
599
511
Advertising
2,009
1,584
Telephone and internet
1,409
1,467
Membership
570
270
Events and tickets
24,368
19,593
Fundraising
1,876
551
Licences
1,022
1,038
Independent examination costs
1,650
1,320
Legal and professional fees
797
361
Bank charges
962
478
Equipment
638
273
Depreciation
4,867
4,938
Volunteer expenses
-
120
Sundries
102
281
Loan interest
-
44
Bad debts
258
-
**Total expenditure**
78,318
68,115
**Net income / (expenditure)**
14,855
1,773
**Transfers between funds**
5,013
(315)
**Net movement in funds**
19,868
1,458
**Fund balances brought forward**
227,655
226,197
**Fund balances carried forward**
247,523
227,655|2024
Restricted
funds
£
15,312
-
-
-
-
-
-
-
500
-
15,812
20,369
-
4,321
984
-
11,603
-
6,814
3
1,951
-
-
128
233
-
-
300
-
184
-
510
-
-
-
47,400
(31,588)
(5,013)
(36,601)
73,239
36,638|2023
Restricted
funds
£
6,775
-
-
-
-
-
-
-
3,310
-
10,085
22,220
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|2024
Total
funds
£
32,533
21,284
1,388
4,488
4,133
34,530
3,732
4,267
2,575
55
108,985
42,787
601
4,575
1,184
3,800
11,855
1,474
15,006
602
3,960
1,409
570
24,496
2,109
1,022
1,650
1,097
962
822
4,867
510
102
-
258
125,718
(16,733)
-
(16,733)
300,894
284,161|2023
Total
funds
£
18,807
17,139
1,324
4,019
2,962
25,877
541
4,055
5,182
67
79,973
42,625
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|
|---|---|---|---|---|
14