REGISTERED COMPANY Nu￿lBER. 08928970 (England and Wales) REGISTERED CHARITY NLTMBER: 1169079 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR MELTHAM CARLILE LIMITED SMH Shcards Vemon House 40 New North Road Hiidd¢rsfi¢ld West Yoikshire HDI 5LS MELTHAM CARLILE LIMITED CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 March 2024 Pagc Report of the Trustees Independent Examiner's Report Statement Ibf Financial Activities Balance Sheet Notes to the FinaThcial Statement5 10 to 16 Detailed Statement of Finaneial Aetivities 17 to 18 MELTHAM CARLILE LIMITED REPORT OF THE TRUSTEES for the year ended 31 March 2024 Th¢ trust￿$ who arc also dircctors of th¢ charity for thc purp08C8 1)f th¢ Compani¢s Act 2006, prcscnt th¢ir r¢port with thc financial statemenis of the charity for the year ended 31 MarLh 2024. The irustees have adopted the provisions of Accountinbw and ReportinbT by Cliaiities.. Stateinent of Recommended Practice applicable to chaTities prepaTing their account5 in accordance with the Fil￿]ela1 Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective I January 20191. OWECTIVE.S APID ACTIVITIES ObjeLtiVe5 atld aims l. The Company convcrtcd to a charity in Octobcr 2016 and changcd it% namc to Mcltham Carlilc Ltd. from Mcltham Carlilc CIC which was firsi incorpordted on 7th March 2014. Its objectives remain ihe same, as staled in the Articles. are to cany out activities which benefit the community in particular (without limitation) to acquire land, own, lease, let. chaibFe. dispos¢ of, transfcr and othcrwis¢ d¢al in r¢al propcrty (both l¢awhold and frc¢holdl,' and r¢pair, rcnovatc, cl¢an and rehabiliiate existing buildings within the community and make them accessible to the members of the coinmunity andlor allow the use oftheni for the benefit of the nieinber5 ofthe conllnunity. 2. The company is not for profit,. The company is not established or conducted for private gain.. any surplus or assets are Used principally for the benefit of the community. 3. There were three direciorltrustees at the company's lounding. Richard Noon. Charles Greaves and Paul White. This number lia5 groTh￿ as additional director/ttlLStees have joined, increasinb the connection5 to the wider coinmunity and strcngthcning thc cxpcrti%c and skill% of thc Board. It also dccidcd to inl'itc two dircctor% sclcctcd by and from Mcltham Town C.ouncil, in order to ensure close working relationships between the two organisations. These are currenily Cllr Jean Wrathall and CIIT Kate Buchanan. The Board also ha5 UP to three members selected by the Meltham Carlile Community Support Group. Thcsc ar¢ Ann Jurczyszyn and Pat O'Elricn. Stcph¢n Lamb has join¢d th¢ Eloard and as wcll as b¢ing an active member of the community also offers a wealth ol'expertise in audit and compliance. 4. The prineipal activity of the ¢ompanylcharity has been to acquire The C.arlile Institute in Meltham, a 'community asset transfer,, froim Kirklees Metropolitan Council (this was completed in 2014). and to renoi'ale, repair and remodel The Carlile Institute so that it functions tLS a multi-puryose coinmunity building. Funding was received in capital grant5 froin Kirklee5 Council, Mcltham Town Coiincil, Thc Vall¢}s Arca Committcc, Crossroads (a Mcltham bascd community charity) and mor¢ latterly from Power to Change (part of the Big Lottery). There have been other funds from donations and swinsorship and it]come generated froin use of t]ie space within the building. 5. We took possession of the building in July 2014 and have since created conrempornry spaees for a new Posi orrice, Library, To￿] Council offices, dance sthdio, a srnall business centre and three Colnm￿)1ty rooms which offer flexible spa¢¢s, including cvcnts and pcrfonnancc spa¢c in th¢ Jubilcc Room. Page I MELTHAM CARLILE LIMITED REPORT OF THE TRUSTEES for the year ended 31 March 2024 ACHIEVEMENT AND PERFORMANCE Our objectives for the year l. To ensure tiial theTe is full use of the building in ways that satisfy our aims and objectives. 2. Our other year lo year objectives remain, ILI manage the rooms and space in The Carlile Inslilule for the benefil ol the Meltham corninunity. 3. To raise sufficient funds to pay for the building's running costs. 4. To rai%c additional capital funding in ordcr to pay for continucd rcpair and ￿tllrC rcnovation8 work8 to thc In8ti￿tc. 5. To employ both volunteers and contractor5 to clean. maintain as well a5 prepare and r00rn5 for comrnunity uses. 6. To coniinue io provide a home for the relocated Town Library. Post Office and Meltham To￿1 Council in ihe building. 7. To %upport both nc￿. and cxisting community activiticq and groups with quality 8pacc wcll as cnablc thcm to dcvclop and improve. Our objectives and achievements during the year l. FIn[￿lia11Y we've nvt received dlly grants ur extenud fin[￿Li￿al support this yeat. All our inLume hds Lorne from rents. k￿d feesldonations at the Tnstitute, which confirnis that our community business is self-sU5tainable without financial support from other agencies. 2. It our tenth year, l￿d we are on top of the imprO￿t￿ellt worLs to the building. We have contillued with relatively minor repairs that are inevitable with a building of this nature. We have not progressed the project to extend the building, partly due to Ivwei lor Lommunity but alsv db Wt punder what Illdy work btst for ub in the luture. 3. Meltharn Town Council and ihe Town's Library are back in full operation in the building and alongside the Post Office are a very iTnportant parts of tsui COTnmunity offeT. 4. The community businesdchariry continues to perfL)mi very well. We have mainrained our community nerwork in Meltham and this help5 us respond elYeLtiv¢ly to of the needs ot. the local community. We continue to be indebted to the h￿rd Ivork and ci)mmitment of Richard Noon M,hi) been tirele%s in his pursuit of our goals, but al%0 with the exemplary .%upport from both the Board members and other volunteers in our Community Support QTroup for which we are very grateful. Page 2 MELTHAM CARLILE LIMITED REPORT OF THE TRUSTEES for the year ended 31 March 2024 FINANCIAL REVIEW Review of the year I. As stated earlier, our principal activity 15 to ￿0Vate and inodetnise The CaTlile Institute, so that it functions as a multi-usc community building. Sincc thc bcginning of thc projcct wc have rcccivcd just %hort of £500,000 in capital grants from ihe sources listed in the introduction. We have spent more than Ihis on Wlirks io renovate and remodel the building. with the balance coiniiibF from our tradin¥F Llctivity lie rents and donations) 2. Our balance sheet now indicates that we have net assets of c£340,000. the main part of ￿hleh is the building. Much of the buildin¥F 15 used for conununity purposes whicli lia5 a low con]mercial value and hence our cutTent property valuatioii of £276,000 is lowcr than thc amount spcnt on renovation. Ncvcrthclcs%, wc now havc a significantly improved and rcpaircd building which is functioning to a high level and jusi under £107.000 cash at ihe bank and in hand. 3. Our r¢nts and fccs havc bccn slightly low¢r tliis ycar which was Inainly du¢ to turnov¢r of tcnants in th¢ Bi￿]ll¢s$ C¢ntrc and at the same lime we have had higher costs in repairs and renewals of £10,355 (£6,0(K) higher), which was as a C0115equence ofchanbFes to our bTas supply, new ¥a5 boiler5 and electrical works. De5Plte our net income beinbT nearly £9.0(M) down comparcd with thc prcvjo￿8 year our ca8h rcscrvc8 havc grown by ovcr £1 I,(K)O. 4. We still have some niggling issues with dtainage and general repair, and inevitable with a building of this agFe we'll need to k¢¢p inv¢sting in rcpairs and improv¢mcnts in th¢ futur¢. Wc want to ¢ontinuc th¢ possibility of ¢xt¢nding th¢ building to provide some additional space. 5. In conclu8ion thc community busincsg/¢harity i8 in good financial health with thc a%sct of a tran%fornicd Carlilc In8titutc: which is horne to a myriad of cominunity services and a range of rth)ms enabling wide and varied cominunity aciii'ities and event5. We now have very healthy resetve5 and the prospect of generating a continuous 5uryIu5 in fvture years. FUTURE PLANS l. We aim to build on our earlier successes and where possible increase our repenue from rents and fee5 from both the commercial and community activities, as well as increasing the amount and variety of community aciivities and events within the Institute. 2. Any surplus in our earnings from revenue activities will SUPLX)rt fvnher improvemenis to Ihe building. We now have si¥nifiLant reserves whiLh will not only fijnd future Tepair wotks. renewals but fund pobsible exten&ions to the buildin¥. 3. We will continue to ensure ihat The Carlile Instirute is managed efficienily and effectively for the benefit of the Town's residents. 4. The Board will keep under review our governance m￿je1 in order to ensure that it is fjt for purplise and is effectively engFagFed with the conununity and is commensurate with our chuTitable ststus. 5. We will continue to meet monthly and recruit further DireciLirslTrustees where this will strengthen our collective skills and expertibe a5 well as improve our community netwoik. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is conirolled by its governing documeni. a deed of trus¢ and consiilutes a limited company, limited by guarantee. a5 defined by the Companie5 Act 2006. We are a company limited by guardntee. with chariiable status and have the same tx)ard sirucmre that we envisaged from the stall H'ith a BoaTd of nine DireCtorrrt￿StC£s. This includes the orig4n￿l three fuundingF members, twu Board mernbers Icctcd by Mcltham Town Council cv¢ry four y¢ars, thr¢¢ m¢mbcrs s¢l¢ct¢d by Th¢ M¢ltham Carlilc Support Group and the fina] member, selecied by the Lhair. to pro￿lde partiLular skills that may be missing from ihe Board. Page 3 MELTHAM CARLILE LIMITED REPORT OF THE TRUSTEES for the year ended 31 March 2024 STRUCTURE, GOVERNANCE AND ￿￿NAGEMENT Decision making The Board meets monthly with regular rq￿rtS on r]n8nces. progress on refurbisliment work5, manageinent of buildingFs. including hcalth and safcty i8%uc.%: govcmancc is%ucs and updatc% from thc Support Ciroup on thc community activitic% and events. Ivider netsvork We dts nut have empluyees, relyiii¥ inbtead on vijlunteers to maird¥e the ddminibtration uf the Lhdtity the management of tlie building. Most of this work is undertaken by Richard Noon and Paul Wliite undeT t]ie gllidance of tlie Board. We have contractors for cleaning and maintenan¢e of the fire safety and security of the building. We also employ Sheards, Cl)artered AcLountants. for advice and annual accounts,. Ridle}, ai)d Hall, Solicitors. lor legal adviLe and lease document%; Bram]ey￿, Chartered s￿￿eYorS, for advice on rental.￿ and PToperty valuations. From the start we have hdd a wide network ivithin our Lommunity ai)d have enLouraged community volunteets to supwrt both the management of the project and the building, as well as ill developing and running new community activities and events in the building. Much of this has been successfully abhiei'ed by the Meltham C'.arlile Support Group whose ieinbtrbhip is open and inclusive and weltoines anyone committed to sustaining the futUTe of The Carlile Institute. This group meets monthly, organi%e% events and tnanage% the letting of the community room% en%uring the roorns are prepared for activities and events. The group also promote The Carlile Institute and its OPPLlrtuniiies to the wider comrnunity. REFERENCE AND AD￿lINISTRATtVE DETAIL8 Re%istered Company number 08928970 (England and Walc%) Registered Charity Dumber 1169679 Registered office Carlile Institute 54 Huddersfield Roud Meltham Holrnfirth West Yorkshire HD9 4AE Trustees Ms K Iliichanan C R Greaiies Mrs A JurczyszJTr) S Lamb RJNoon P G White MTS J Wrathall Mrs P F O'Btien Page 4 MELTHAM CARLILE LIMITED REPORT OF THE TRUSTEES for the year ended 31 March 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner SMH Slieards Vcrnon HO￿sC 40 New North Road Huddersfield W¢%t Yorkshir¢ HDI 5LS Approvcd by ordcr of thc board of trn%tcc% on 28 March 2025 and %igncd on its bchalf by.. P Ci Whitc- Truqtce Page 5 INDEPE.NDEINT EMMINER'S REPORT TO THE TRUSTEES OF MELTHAM CARLJLE LIMITED Independent examiner's report to the trustees of Meltham Carlile Limited I'the Company,) I re[￿)￿ to the charity irustees on my examination of the accliunts of the Company for the year ended 31 March 2024. Responsihilities and basis of rep(brt Ab th¢ Lh