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
ExpendIt￿re 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
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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