2025-03-31-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 2025

Marsden Community Trust Limited

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 14

Prepared by West Yorkshire Community Accountancy Service CIO

Marsden Community Trust Limited

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 Martin Collett Chair Thomas Lonsdale Resigned 25 October 2024 Jane Hurn Treasurer Adrian Lord Lauren Ryall-Waite Resigned 15 April 2025 Louise Warwick Diane Ellis Secretary Joanne Warmington Alastair Hanson James Boothroyd Luke Matthews Resigned 3 January 2025 Gillian Logan Appointed 14 June 2025 Anthony Sprawson Appointed 19 November 2024 Charity number 1168910 Registered in England and Wales Company number 09392970 Registered in England and Wales Registered and principal address Bankers Marsden Mechanics Hall The Co-operative Bank Triodos Bank Peel Street P O Box 250 Deanery Road Marsden Skelmersdale Bristol Huddersfield England BS1 5AS HD7 6BW WN8 6WT

Resigned 3 January 2025 Appointed 14 June 2025 Appointed 19 November 2024

Registered in England and Wales Registered in England and Wales

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 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 2025

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

Marsden Mechanics has had a transformative year, strengthening its role as a creative and community - driven hub. We delivered a year-long cultural and wellbeing programme shaped by local consultation, with over 4,000 engagements across 146 free workshops. Activities included a youth theatre, community choir, storytelling sessions, cooking classes and games groups, offering accessible opportunities for connection, learning and wellbeing. Our Grassroots Live Music Programme hosted six diverse events featuring genres from South Indian Raga to Drum and Bass, engaging over 700 attendees and supporting 63 artists. We also launched Tenterhooks, a public poetry and art project with Simon Armitage, which celebrated Marsden’s character and connected the community through creative expression. The Mechanics has proven its ability to respond to community needs with ambition and care. This year’s work leaves a lasting legacy and a solid foundation for future growth.

Financial review

The net expenditure for the year was £88, including net income of £9,240 on unrestricted funds and net expenditure of £9,328 on restricted funds after transfers.

Reserves policy

The charity's free reserves, excluding fixed assets, at the year end were £93,217.

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.

Marsden Community Trust Limited

Trustees' report (continued) for the year ended 31 March 2025

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 16/10/2025

Martin Collett (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 2025, 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.

Simon Bostrom FCIE

11/11/2025

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 2025

Notes 2025 Unrestricted funds £ Income from: Grants and donations (2) 20,042 Room and hall hire 18,439 Library hire 216 Rental income 4,488 Services 2,207 Event income 41,988 Other income 5,849 Fundraising 3,986 Activity income 1,717 Bank interest 101 Total income 99,033 Expenditure on: Salaries,, NIC and pensions (3) 28,798 Payroll charges 613 Activity costs 147 Rates 576 Insurance 4,418 Heat and light 1,150 Cleaning and waste 1,751 Repairs, maintenance and refurbishment 11,957 Stationery and office supplies 1,186 Advertising 940 Telephone and internet 1,217 Membership 578 Events and tickets 25,829 Fundraising 513 Licences 1,490 Independent examination 1,650 Legal and professional fees 457 Bank charges 2,975 Equipment 583 Depreciation 4,253 Volunteer expenses 272 Sundries 258 Bad debts 11 Training 282 Total expenditure 91,904 Net income / (expenditure) 7,129 Transfers between funds (4) 2,111 Net movement in funds 9,240 Fund balances brought forward 247,523 Fund balances carried forward (4) 256,763	2025 Restricted funds £ 100,769 - - - - - - 857 - - 101,626 19,236 - 1,967 1,306 - 13,235 - 48,096 108 9,126 - - 14,928 - 68 - 137 - 426 - 210 - - - 108,843 (7,217) (2,111) (9,328) 36,638 27,310	2025 Total funds £ 120,811 18,439 216 4,488 2,207 41,988 5,849 4,843 1,717 101 200,659 48,034 613 2,114 1,882 4,418 14,385 1,751 60,053 1,294 10,066 1,217 578 40,757 513 1,558 1,650 594 2,975 1,009 4,253 482 258 11 282 200,747 (88) - (88) 284,161 284,073	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

All incoming resources and resources expended derive from continuing activities.

Marsden Community Trust Limited

Balance sheet

as at 31 March 2025 2025 Unrestricted £ Fixed assets Tangible assets (5) 163,546 Total fixed assets 163,546 Current assets Debtors and prepayments (6) 14,643 Cash at bank and in hand (7) 89,819 Total current assets 104,462 Current liabilities: amounts falling due within one year Creditors and accruals (8) 11,245 Total current liabilities 11,245 Net current assets / (liabilities) 93,217 Net assets 256,763 Funds Unrestricted funds 256,763 Restricted funds - Total funds 256,763	2025 Restricted £ - - - 27,310 27,310 - - 27,310 27,310 - 27,310 27,310	2025 Total £ 163,546 163,546 14,643 117,129 131,772 11,245 11,245 120,527 284,073 256,763 27,310 284,073	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

For the year ending 31 March 2025 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 16/10/2025

Martin Collett (Trustee)

Marsden Community Trust Limited

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.

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

for the year ended 31 March 2025

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.

Marsden Community Trust Limited

Notes to the accounts continued

for the year ended 31 March 2025

2 Grants and donations Arts Council England (ACE) Bernard Sunley Foundation Co-op Foundation Cuckoos Nest Huddersfield Common Good Trust Land Yacht Regatta Marsden Community Trust Trading National Lottery Community Fund (NLCF) West Yorkshire Combined Authority (WYCA) Kirklees Council One Community Other donations 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions	2025 Unrestricted funds £ - - - - - - 17,235 - - - - 2,807 20,042	2025 Restricted funds £ 18,883 5,000 500 2,139 5,000 16,816 - 10,385 33,512 - - 8,534 100,769	2025 Total funds £ 18,883 5,000 500 2,139 5,000 16,816 17,235 10,385 33,512 - - 11,341 120,811 2025 £ 45,990 2,063 (2,063) 2,044 48,034	2024 Total funds £ - - - - - - 11,566 5,659 - 6,626 3,000 5,682 32,533 2024 £ 41,080 1,638 (1,638) 1,707 42,787

The average number of employees during the year was 4.5, being an average of 1.7 full time equivalent (2024: 4, 1.7 FTE). There were no employees with emoluments above £60,000.

Defined contribution pension scheme	2025	2024
	£	£
Costs of the scheme to the charity for the year	2,044	1,707
Amount of any contributions outstanding at the year end	213	216

Marsden Community Trust Limited

Notes to the accounts continued

for the year ended 31 March 2025

4 Restricted funds Arts Council England Co-op Foundation Cuckoo's Nest - Refurb. Colne Valley Anchor Network FOMP Donations MC Lights Donations NLCF Awards for All One Community NLCF Reaching Communities Donations re. toilet refurb. WYCA - Rural Ward Councillor funding Power to Change Trust WYCA - Accessibility Land Yacht Regatta Cuckoo's Nest - Christmas	Balance b/f £ - - - 1,084 - - - 1,939 32,708 370 - 199 338 - - - 36,638	Incoming £ 18,883 500 1,000 - 2,738 5,844 10,385 - - 11,722 30,996 - - 2,516 16,816 226 101,626	Outgoing £ 18,883 79 1,000 1,084 617 2,790 1,347 1,939 29,959 12,092 30,996 199 338 2,501 4,908 111 108,843	Transfers £ - - - - - (155) (1,941) - - - - - - (15) - - (2,111)	Balance c/f £ - 421 - - 2,121 2,899 7,097 - 2,749 - - - - - 11,908 115 27,310

Fund name

Arts Council England Co-op Foundation Cuckoos Nest Colne Valley Anchor Network FOMP Donations

MC Lights Donations

NLCF Awards for All

One Community NLCF Reaching Communities

Donations re. toilet refurb.

WYCA - Rural Ward Councillor funding Power to Change Trust

WYCA - Accessibility

Land Yacht Regatta Cuckoo's Nest - Christmas

Purpose of restriction

Towards the Grass roots music project. Towards the cost of the stay and play project. Towards the cost of refurbishing the toilets.

Funding towards a joint venture to provide specific community activities. Donations from a variety of sources towards the general maintenance of Marsden Park and Friends of Marsden Park activities.

Donations from a variety of sources towards Marsden Christmas Lights activities. The transfer relates to effective room hire.

Towards the costs of the 5 groups requested by the community. The transfer relates to effective room hire.

Towards a Tea Dance, a Memory Cafe and a Stay and Play group. 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 from a variety of sources towards the refurbishment and upkeep of the toilets in the Mechanics Institute.

Towards the cost of refurbishing the toilets.

Towards Ping sessions.

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

Towards the cost of automation of one of the doors and T loops in the building. The transfer relates to a minor underspend that the funder has allowed to be transferred to unrestricted funds. Towards the Tenterhooks poetry project. Towards late night Christmas openings.

Marsden Community Trust Limited

Notes to the accounts continued

for the year ended 31 March 2025

5 6 7 8	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 Amounts owed by subsidiary company Prepayments Accrued income Cash at bank and in hand Cash at bank Cash in hand Creditors and accruals Creditors Accruals Fee income received in advance Taxation and social security Other creditors Class 4	£ 2,389 - 2,389 2,253 136 2,389 - 136 Equipment	£ 196,892 - 196,892 29,949 3,937 33,886 163,006 166,943 Property	£ 3,480 - 3,480 2,760 180 2,940 540 720 2025 £ 6,466 6,795 1,382 - 14,643 2025 £ 116,644 485 117,129 2025 £ 3,309 2,613 5,110 - 213 11,245 Fixtures and Fittings	Total £ 202,761 - 202,761 34,962 4,253 39,215 163,546 167,799 2024 £ 3,033 11,566 3,035 21,400 39,034 2024 £ 81,847 65 81,912 2024 £ 563 3,697 - 108 216 4,584

Marsden Community Trust Limited

Notes to the accounts continued

for the year ended 31 March 2025

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 £34,617 (previous year: £32,160).

Other transactions with trustees or related parties Subsidiary trading company Donation from subsidiary trading company Name of trustee or related party Relationship to charity Description of transaction Marsden Community Trust Trading Limited	2025 £ 17,235 17,235	2024 £ 11,566 11,566

The sum relates to the profit generated by trading subsidiary and is donated to the charity under the terms of a covenant.

10 Funds held as agent Poetry Group Ukraine Support Network Youth Club	Balance b/f £ 345 124 1,920 2,389	Incoming £ 1,000 - 1,000 2,000	Outgoing £ 1,000 - - 1,000	Balance c/f £ 345 124 2,920 3,389

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 2025

2025 2024 Unrestricted Unrestricted funds funds £ £ Income Grants and donations 20,042 17,221 Room and hall hire 18,439 21,284 Library hire 216 1,388 Rental income 4,488 4,488 Services 2,207 4,133 Event income 41,988 34,530 Other income 5,849 3,732 Fundraising 3,986 4,267 Activity income 1,717 2,075 Bank interest 101 55 Total income 99,033 93,173 Expenditure Salaries,, NIC and pensions 28,798 22,418 Payroll charges 613 601 Activity costs 147 254 Rates 576 200 Insurance 4,418 3,800 Heat and light 1,150 252 Cleaning and waste 1,751 1,474 Repairs, maintenance and refurb. 11,957 8,192 Stationery and office supplies 1,186 599 Advertising 940 2,009 Telephone and internet 1,217 1,409 Membership 578 570 Events and tickets 25,829 24,368 Fundraising 513 1,876 Licences 1,490 1,022 Independent examination 1,650 1,650 Legal and professional fees 457 797 Bank charges 2,975 962 Equipment 583 638 Depreciation 4,253 4,867 Volunteer expenses 272 - Sundries 258 102 Bad debts 11 258 Training 282 - Total expenditure 91,904 78,318 Net income / (expenditure) 7,129 14,855 Transfers between funds 2,111 5,013 Net movement in funds 9,240 19,868 Fund balances brought forward 247,523 227,655 Fund balances carried forward 256,763 247,523	2025 Restricted funds £ 100,769 - - - - - - 857 - - 101,626 19,236 - 1,967 1,306 - 13,235 - 48,096 108 9,126 - - 14,928 - 68 - 137 - 426 - 210 - - - 108,843 (7,217) (2,111) (9,328) 36,638 27,310	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	2025 Total funds £ 120,811 18,439 216 4,488 2,207 41,988 5,849 4,843 1,717 101 200,659 48,034 613 2,114 1,882 4,418 14,385 1,751 60,053 1,294 10,066 1,217 578 40,757 513 1,558 1,650 594 2,975 1,009 4,253 482 258 11 282 200,747 (88) - (88) 284,161 284,073	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