Greenacre5 Community Association CIO Charity No. 1169731 Tru5tees' Report and Unaudited Account5 31 March 2025
Greenacres Community Association CIO Content5 Page5 Tru5tees' An n ual Report Independent Examiner'5 Report Statement of Financial Activitie5 Balance Sheet Notes to the Acccunts io Detailed Statement of Financial Activities 17 Page I
Greenacres Community Association CIO Trustees Annual Report Greenacres Community A550ciation The trustees present their report with the unaudited financial statements of the charity for the year ended 31 Mareh 2025. REFERENCE AND ADMINISTRATIVE OETAILS Charity No. 1169731 Principal Office Greenacre5 Community Centre Gal land Street Greenacres Oldham OL4 3EU Trustees The following trustees served during the year: Karen Ashley Christian Bradley l im Carrigan Rachel Graham Jill Griffith Gillian Hall Anna Kennedy SLJe Lakenby Reddy Lenge Steven Molloy Joan ne Whitelev Val Wynn (Resigned 18 June 20241 Accountants Pennine Accounting Limited 109A Church Street Littleborough Lanca5hire OL15 8AA Bankers Virgin Money Iforrnerly The Yorkshire Bank) 47 Market Place Oldham OLI 3AD Page 2
Greenacres Community Association CIO Trustees Annual Report structure, Governance and Management Greenacres Com munity Association IGCAlis a Charitable Incorporated Organisation ICIOI, re8lStered charity number L169731. Fallowing the adoption of the con5tilUtion the CIO wa5 registered on 18th October 2016 and activities commenced on 1st Apri5 2017. Following the transfer of assets from the predecessor organization (Greenacres Community Association charity number 1017907) The object of the CIO is , To fu rther or benefit the residents of Greenacres and surrounding neighbourhood5, Wlthout distinction of sex, Sexual orientation, race, disability, age or of PDI itical, religiou5 Qr other opinions, by associating together the said residents and the local a uthoriiies, voluntary and other organi53tions, in a common effort to advance education and to provide facilities in the interest of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for residents In furtherance of this object but not otherwise the trustee5 shall have power To establish or secure the establ ishment of a Corn munity Centre and to maintain or manage or cooperate with any statutory authority in the maintenance and managemer5t of Such a centre for the activities promoted by the charity in furtherance of the above object. Recruitment and Appointment of Trustees Under the constitution the number of trustees must be a minimum of three and a rnaximum of twelve. The members or the trustee5 may at any time decide to appoint a new cha rity trustee provided the maximtjm is not exceeded. Trustee Induction and Training New trustee5 are i nvited a nd encouraged to attend sessions to familiarize them5elve5 Wlth the charity and the context in which it operate5. These a re facilitated by existing trustees of the management Com mittee with rhe support of information input from the core Staff tea m. In particular, the induction would cover l Th e obligations of trustees 2. Specific roles and responsibilities. 3. The governing documents, constitution and charity documentation. 4. Resources available and awareness of current financial position. 5. Examination of bi-monthly f inancial report and pu blished accounts. 6. Future, Strategic planning i ncluding funding bids, fina ncial forecast5 and objectives. 7. Annua I planning/vi5ioning session for Management Committee and core staff. Risk Management Procedures are In place to ensure compliance with current legislation and good praccice to ensure the health and safety of staff, volunteers. and members of the public usi ng the services a nd general public when sharing public space, All staff undertake relevant training, demonstration of activities to minimise risk. We have worked to minimise risks to the Services we offer through insufficient funding by exploring longer term funding programmes. The organisation cor)tinues to work to devise a lon8 term strategic approach to allow f or the diversif ication of funding and sustainability of GCAS work. Organisation Structure Page 3
Greenacres Community Association CIO Trustees Annu31 Report The trustees meet bi-monthly. All meetings are minute. Centre Manager (Job 5harel also attend these meetings. In addition, GCA has finance and personnel 5ubgrouos meeting a5 required. The trustees include representatives from group based at or runni ng from the centre. The trustees are responsi ble for the strategic direction and development and implementation of policies within the organization. Oay to day management is delegated to the Centre Manager Ilob Share} Policies to achieve objectives GCA meet5 these aims through the employment of a core team, sessional and casual pool o* Staff and the development of working partnerships Wlth other agencies across the borough. GCA also works with a nd volunteers. GCA has a full and active commitment to eouality of opportunity. GCA is committed a5 an equal opportunities employer to eliminating all forms of discrimination, whether based on race, gender, disability, sexual orientation age or religious belief, both through the work of the organisation and through the implementation and review of its. equ31 opportunities policy. GCA plays an active role in challenging such forms of discrimination The trustees h3ve had regard to the Charity Commission guidance on public benefit. Development, activities and achievements for this year. The following Section Elves up to date information about GCAS development, activltie5 and achievement5 in the last year. To offer affordable cpmmunlty space and support to devèlop activities GCA provided practical support, Eommunitv Space and human resource5 to support 3 range of community grou ps on a regular ba515. GCA through the operation ancl management of Greenacres Community Centre. together with its tenants offer a wide range of health and wellbeing classes, education and leisure opportunities, family sessions, pre-school, before and after school club, cooking courses and regular comrn unity open days. GCA works to brin8 communities together acr055 different cultu res 2nd generations to create more regular and more meaningfu l interaction5. GCA also rents space for private parties and community celebrations Greenacres Community Centi e is home to other registered charities Men Behaving Dadly and Oldham Plav Action GrDUP and to registered Community Interest Companies ICICI Skills4AII, Reddy Com puting, WIFI North West, Calm Ahead, Relax Kids. To businesses Laugh 'n' Learn Pre-school and Before and After School Club and Haven 5ecuritv. The centre is a150 Used by Thai Kwan Do, Yoga. Wee Bs parent and toddler groups, Mystique Dance Troup, KM Dance and Paper Craft Group. Greenacres directly delivers regular activities including a keep fit grou p, Over 505 lunch club, morning yoga. family groups and art groups. The Centre is open 7 days a week with groups in from 7.30 arn up to 9pm weekday5. Consultation and 'stockta ke, to support an a pplication to the Community Ownership Fund showed 470 people use the centre on a regular weekly basis with in excess of 2000 individua15 coming to Ehe centre for activities and specia l event5 this year. Cornmunlty Development GCAs core work 15 funded a5 a commission through Oldham Council to provide and support the effective use of the community facility. GCA also play5 a vital role workin8 With groups using community development, community action and soci31 enterprise principles and models. Page 4
Greenacres Community Association CIO Trustees Annual Report Direct Support to volunteers and Community groups GCA conti nues to support the community groups and their vo1unteer5 by providing information and relevant practical help to fulfil joint objectives. Partnership Work GCA has a wide range of strong collaborations, both long standing and more recent partnership5. GCA continues to Work in key partnership5 Wlth Action Together, Old ham Life Long Learning, Worker5 Educational Association, Oldham Play Action Group, Men Behaving Dadly, Oldham Council, East Oldham District Team, GCA are one of Oldham'5 Ct)mmunity Health Champions group. GCA is a partner with Action Together i n the distribution of Household Support Funding with Small grants and shopping voucher5. GCA 3150 operates a small food pantry for people strugglirig due to the cost of living crisis. GCA operates a CDmmunity fridge to reduce food waste and receives regular donations from ALDI and occasional items othcr supermarkets. Asset Transfe Ouring the year, the charity successfully secu red the transfer of the lease for the premises it occupies. The lease is a peppercorn lease with a term of 99 years, provid1 ng long-term security for the charity's operation5. In accordance with accounti ng standards, the lease has been recognised in the financial statement5 as a donation of facilitie5, reflecting its signif icant benefit to the charity. Finance Matters and Reserves Policy GCA recorded an overall deficit for the financial year. At the year end. funds carried forward to the next financial yeaf comprised unrestricted reserves of £183,3 11 and restricted reserves of £4,734. The trustees have reviewed GCAS need for reseTves in line with guidance issued by the Charity Commission and have therefore designated thi5. GCA used £ 62,500 expenditures as match for the successful Community Ownership Fund aoplicaLion for essential repairs to the build ing and re-modelling of the toilets. Other reserves designated f or building improvement5 have also been used to faci litate th is phase of works. The trustees consider that, in addition, GCA requires at least six months running costs Should be retained to ensu re that the CIO can run efficiently and continue to work to meet the needs of its Users. After deducting the above designdted funds, the balance of unrestricted Igenerall reserves at the year end met this target, Thi5 policy wÈll be ronewed annu 311y by the trustees. It is the opinion of the Trustees of GCA that the current a55ets are adequate to meet its obligation5 on 3 fu nd by fund basis. Conclusion GCA ha5 continued to maintain and develop its work in accordance with its agreed prioritie5. Statement of tru5tees' responsibilities in relation to the financial statements The charity trustees are responsible for preparing a tru5tees' annual report and financial statements in accordance with applicable law and U nited Ki ngdom Accounting Standards (United Kingdom Generallv Accepted Accou nling Practicel. Pa8e 5
Greenacres Community A550ciation CIO Trustee5 Annual Report The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the fin3 ncia I position of the charity and to enable thern to ensure thai the financia I statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, a nd the provisions of the Trtjst deed. The Trustees are a150 responsible for safeBuarding the a55ets of the charity and hence taking reasonable steps for the preve ntion and detection of fraud and other irregularities. Signed on behalf of the charity's trustees Karen Ashley Trustee IS January 2026 Page 6
Greenacres Community Association CIO Independent Examiner5 Report Independent Examiner's Report to the trustees of Greenacres Community A55ociation CIO I report to the trustees on my examination of the financial 5latements of Greenacre5 Community Association CIO for the year ended 31 March 2025. Responsibilities and ba5[5 Qf report As the charity's trustees you are responsible for the preparation of the financial statements i n accordance with the requirements of the Charities Act 20111'the Act, I, I report in respect of my examination of the charity's fina ncial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Indepenflent examiner's statement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the exami nation giving me cause to bel ieve that in any material respert.. the accounting iecords were not kept in respect of the charity as required by Section 130 of the Act,. or • the financial statements do not accord with those records,, or the financial statements do not comply with the applicable requi rements concerning the form and content of financial Statements set out in the Charities (Accounts and Report51 Regulations 2008 other than any requirement that the financial statements give a 'true and fai r, view wh ich 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 ordef to en able a proper understanding of the financi31 Statement5 to be reached. Angelika Gacek MAAT Pennine Accounting Limited 109A Church Street Littl eborough Lancashire OL15 8AA 15 january 2026 a2 Ji Page 7
Greenacres Community Association CIO statement of Financial Activities for the year ended 31 March 2025 Unrestricted funds 2025 Restricted funds Total tunds Total funds 2025 2025 2024 Notes Incorne and endowrnents from.. Donation5 and legacies Charitable activities 13.314 72.360 13,314 129,535 987 57,17S 225,689 Total 85,674 57,175 142,849 226,676 Expenditure on: Charita ble activities other 84,446 10,000 70,580 155,026 10,000 201.143 Total 94.446 70,580 165,026 201,143 Net gains on investment5 Net (expènditurellincome Transfers between fund5 18,7721 113,4051 {22, 1771 25,533 12.9531 2,953 Net (expenditurel/income before other gains1(losses) 111,7251 110,4521 122,1771 25,513 Othergains and losses Net movement in funds 111,7251 110,4521 122,1771 25,533 Reconciliation of funds: Total funds brought forward 195,036 15,186 210,222 184,689 Total funds carried forward 183,311 4,734 188,045 210.222 Page 8
Greenacres Community Association CIO Balance Sheet at 31 March 2025 Charity No. 1169731 2025 2024 Current assets Deblors Cash at bank and in hand 833 13,669 208,009 221,678 111,4561 210,222 192,709 193,542 15,4981 Creditors: Arnount falling due within one year Net current assets 188,044 Total asset5 less current liabilitie5 Net assets excluding pension asset or liability 188,044 210,222 188,044 210,2Z2 Total net asset5 188,044 210,222 The funds of the ¢harity Restricted funds Restricted income funds li 4,734 4,734 15,186 15,186 Unrestricted fund5 General fund5 Designated funds li 72,477 110,834 86,804 108,232 195,036 183.311 Reserves li 210,222 Total fund5 188,044 Approved by the trustees on IS january 2026 And signed on their behalf by.. Karen Ashlev Trustee 15 january 2026 Page 9
Greenacres Community Association CIO Notes to the Accounts for the year ended 31 March 2025 l Accounting policies Basls of preparation The financial statements have been prepared in accordance with Statement of Recommended Practice.. Accounting and Reporting by Charities prepari n8 their accounts in accordance with the Financial Reporting Standard applicable in the U K and Republic if Irela nd IFRS 1021 issued on 16 July 2014 and the Financial Reporting Standard applicable in the U nited Kingdom and Republic of Ireland IFRS la21 and the Charities Act 2011. Change in basis of accounting or to previous accounts There has been no change to the accounting policiei (valuation rules and method of accounting) since last year and no changes have been made to account5 for previous year5. Fund accounting Unrestricted funds These are ava ilable for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trustees for particular purp05es. These are unrestricted f unds which incl ude a revaluation reserve representing the restatement of investment assets at their market value5. These are ava ilable for use subject to restrictions imposed by the donor or through terms of an appeal. Dosignated funds Revaluation funds Restricted funds Incorne Recognition of income Income is included in the Statement of Financial Activities15oFAI when the cha rity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliabilitv. Income with related Where income ha5 fela 4ed expenditure the income and related expenditure is expenditure reported gross in the SOFA. Donations and legacies Voluntary income received by way of grants, donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts gift/donation to which it relate5. Donated services These are only included in income (with an equivalent amount in expenditurel and facilitie5 where the benefit to the Charity is reasonably quantifia ble, measu rable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is i ncluded in the accounts when receivable. Gains/(losse51 on This includes any gain or loss resulting from revaluing investment5 to market value revaluation of fixed at the end of the year. assets Gains/llosse51 on investment assets This includes a ny gain or loss on the sale of investments. Page 10
Greenacres Co¥nmunity Association CIO Notes to the Ac£ount5 Expenditure Rocognition of expenditure ExpendItre 15 rerognised on an accruals basis. Expe nditure includes any VAT which Cannot be fully recovered, and is reported as part of the expenditure to wh ich it relate5. Expenditure on These comprise the Costs a550Cl3ted with attracting voluntary income, fundraising ra ising furids trading c05ts and investment management costs. Expenditure on These comprise the Costs incurred by the Charity in the delivery of its activitie5 and haritable activities services in the furtherance of its objects, including the making of gra nts and governance costs. Al I grant expenditure is accounted for on an actual paid basi5 plus an accrual for grants that h3ve been a pproved by the trustees at the end of the year but not yet paid These i nclude those cost5 associated with meeting the con5titution31 and statutory requirements of the Charity, Includ ing any audit/independent exam ination fees, costs li nked to the strategic management of the Charity, together with a share of other admin istration costs. These are support Costs not allocated to a particular activity, Grants paydble Governance costs Other expenditu re Taxation The charity is exempt frorn tax on its charitable activities. Freehold investment propertv Investment properties a re measured initia51y at cost and subsequently at fai r value at each balance sheet date and are not deprecièted. All ga ins or105ses are taken to the Statement of Financial Activities 35 they arise. Trade and other debtor5 Trade and other debtors are recognised al the settlement amount due after any trade discou nt offered. Prepayments are valued at the amount prepaid net of any trade d iscount5 due. Cash and cash equivalents Cash and cash equivalents comprise casb at bank a nd on hand, demand deposits with banks and other short-term highly liquid investrnents with origin31 maturities of three month5 or less and bank overd rafts. In the statement of fi nancial position. bank overdf afts are shown wilhin borrowing5 or current lia bilities. In the statement of Cash Flows, cash and cash equivalents are shown net of bank overdraft5 that are repayable demand and form an integral part of the company's cash management. Trade and other creditors Slort term creditors are measured at the transaction price. Other creditors and provisions are recognised where the ch3 rity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measu red or estimated rel iably_ Creditors and Pfovisions are normally recognised at their settlement amount after a Ilowing for any trade discounts due. Receipt of donated goods, facilities and services Al I donated goods. facilities and services received a-, e recognised with in i ncoming resources and expenditure at an estimate of the value to rhe charitv. Pag2 11
Greenacres Community Association CIO Notes to the Accounts 2 Statement of Financial Activities prior year Unrestricted funds Restricted fund5 Total f unds 2024 2024 2024 ncome and endowment5 from.. Donations and legacies Charitable activities 987 987 225,689 100,341 125,348 Total 101,328 125,348 226,676 Expenditure on: Charitable activities 90,601 110,542 201,143 Total 90,601 110,542 201,143 Net income 10,727 14,806 25,533 Net income before other gains/llossesl Other gains and losses: Net movement in funds 10,727 14,806 25,533 10,727 14,806 25,533 Reconciliation of fund5. Total funds brought forward Total funds carrled forward 184.309 380 184.689 195,036 15,186 210,222 3 Income from donation5 and legacies Unrestricted Total Total 2025 2024 3,315 9,999 13,314 3,315 9,999 987 13,314 987 Donated goods, facilities and services received Total 2025 Total 2024 Donated Facilities - Lease Reduction 9,999 9,999 Page 12
Greenacres Community Association CIO Note5 to the Accounts 4 Income from charitable activities Unrestricted Restricted Total Total 2025 2024 50,044 35,223 43,692 576 141,011 37,395 43,904 3,379 225,689 Grants 17.1311 35,223 43,692 576 57,175 Activities Rent31 Other 72.360 57,175 129,535 5 Expenditure on charitable activities Unrestricted Restricted Total Total 2025 2024 Expenditure on churitoble activities 80,018 75,008 110,542 87,481 3,120 Grants 9,438 75.008 70,580 Activities Other Governance cosfs 84,446 70,580 155,026 201,143 6 Other expenditure Unrestricted Total Total 2025 2024 10,000 10,000 10,000 10,000 Premises COSt5 7 Staff costs No employee received emoluments in excess of E60,000. 8 Debtor5 2025 2024 Trade debtors 833 833 13,569 13,669 9 Creditors.. amounts falling due withi n one year 2025 2024 Trade creditors Other taxes and social securitv Other creditors Accruals Deferred income 49 1,390 4,059 848 805 9.795 11,456 5,498 Page 13
Greenacres Communtty Association CIO Notes to the Accounts 10 Deferred Income Movement of the deferred income shown in Creditors.. omount5folling due wirhin one yeur 2025 2024 At l April Released in current year Deferred in curfent year At 31 March 9,795 19,7951 9,795 9,795 Page 14
Greenacres Community Association CIO Notes to the Accounts 11 Movement in funds Incoming resources At31 Resources Gross transfers (including At l April other 2024 gains/1055esl March 2025 expended Restricted funds: Restricted income funds.. Action Together ASDA Communitv Community Fridge IHUBBU81 Forever Manchester Corgi Caper5 5E5 Fund A wards For Al I "Eurovision" Small Grant5 19,609 iii 47,380 (69,8301 2,841 Iiioi 4,188 19,6151 1,116 iio 4,188 18Q 9,795 17501 366 Total 15.186 57,175 (70.5801 2,953 4,734 Unrestricted funds: General funds 86,804 82,837 (94,2111 12,9531 72,477 Designated funds: Get Fit Saturday & Lunch Paper Crafting Re-ordering & re-furbishment of build ing 8,202 30 2,837 12351 10,804 30 ioo,ooo loo,000 Total 108,232 2,837 12351 110,834 Total funds 21Q,222 142,849 1165,0261 188,045 Purp05e5 and re5triction5 in relation to the fund5'. Restricted funds.. Action Together ASDA CommL¢nity Community Fridge IklU88U81 Forever Manchester Corgi Capers SES Fund Award5 For All Eurovision" Small Grants Designated funds- Get Fit saturday & Lunch Paper Crafting Re-ordering & re-furbishment of building Intended acquisition of Community Centre building by asset tra nsfer Page IS
Greenacres Community Association CIO Notes to the Accounts 12 Analysis of net assets between funds Unrestricted funds Total Net cu rrent assets 188,044 188,044 182,044 188,044 13 Reconciliatton of net debt At31 At l April 2024 March Cash flow5 2025 Cash and cash equivalents 208,009 208,009 115,3001 115,300} 192.709 192,709 Net debt 208,009 115,3001 192,709 Page 16
Greenacres Community Association CIO Detailed Statement of Financial Activities for the year ended 31 Marth 2025 Unrestricte d fund5 2025 Restricted funds Total funds 2025 Total funds 2024 20Z5 Income and endowments from.. Donations and legacie5 3,31S 9,999 13,314 3,315 9,999 13,314 987 987 Charitable activities Grants 17,1311 35,223 43,692 576 72,360 57,175 50,044 35,223 43,692 576 141,011 37,395 43,904 3,379 225,689 Activities Rental OtheF 57,175 129,535 Total income and endowments 85,674 57,175 142,849 226,676 Expenditure on: Charitable activities Grants 9,438 75,008 70,580 80,018 75,008 110,542 87.481 3,120 201,143 Activities Other 84,446 70,580 155,026 Total of expenditure on charitable activities 84,446 70,580 155,026 201,143 Premises costs Rent 10,000 10,000 10,000 10,000 10,000 10,000 Total of expenditure of other costs Total expenditure 94,446 70,580 165,026 201,143 Net gains on investment5 18,7721 113,4051 122,1771 25,533 Net lexpenditure)lincorne Transfers between funds 12,9531 2,953 Net lexpenditure)/income before other gainslllossesl Other Gains 111,7251 110,4521 122,1771 25,533 Net movement in funds (11,7251 110,4521 122,1771 25,533 Reconciliation of funds: Total funds brought forward 195,036 15,186 210,222 184,689 Total funds carried forward 183,311 4,734 188,045 21J,222 Page 17