Improving Ilkley
Charity no. 1193192
Trustees Annual Report and Accounts Period ended 31[st] January 2025
Improving Ilkley
Accounts for the period ended 31[st] January 2025
Report of the Board of Trustees/Directors for the period ended 31 January 2024
The Trustees are pleased to present their annual report together with the charity’s financial statements for period ending 31st January 2025.
Structure, governance and management
Improving Ilkley is a CIO registered with the Charities Commission on the 22[nd ] January 2021.
Governing Document: Charitable Incorporated Organisation (Foundation Structure) Whose Only Voting Members Are its Trustees
All Trustees give their time voluntarily and receive no benefits from the charity.
Our Trustees
Joanne Jarvis Matthew Ward Louise Hepworth Wood
Vision
To promote any charitable purpose for the benefit of the public, in the neighbourhood of Ilkley in West Yorkshire, and the surrounding area (hereinafter called the area of benefit). To promote the effective use of resources for charitable purposes by charitable and non-charitable bodies for the benefit of the public in the area of benefit by co-ordinating, encouraging and facilitating co-operation and partnership between third sector, statutory and other relevant bodies.
Activities in 24/25
The primary activities in this financial year have been the starting and managing of the work to deliver the new Ilkley Town fountain. The project completed funding during this year and work began with a completion date of February 2025. There is a proposed formal opening in April 2025. Due to the success of phase 1 a feasibility study and plan for phase 2 is in development.
Our supporters and donors:
We would like to thank our principal benefactors for project 2:
Ilkley Town Council BMDC Ilkley BID
Improving Ilkley
Accounts for the period ended 31[st] January 2025
Report of the Board of Trustees/Directors for the period ended 31 January 2025
In preparing the financial statements, the trustees are required to:
• Select suitable accounting policies and then apply them consistently; • Observe the methods and principles in the Charities SORP; • Make judgements and estimates that are reasonable and prudent; • Adhere to agreed procedures for managing conflicts of interest; • State whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and • Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity’s website.
Financial Review
The charity has, through the successful grant applications, individual donations and fundraising activities secured a positive financial outcome.
Principal Funding Sources
The main income streams for the charity comprised of grant applications. Other income was received from several sources including fundraising activities; donations from individuals, businesses and local community groups.
Reserves Policy
The Trustees' policy is that the Charity should have sufficient unrestricted reserves to enable it to meet its financial obligations as and when they fall due without prejudicing the ability of the Charity to raise funding and commit expenditure to its objectives.
The Trustees carefully considered the financial obligations of the company and have determined a reserve policy that is aimed at protecting a minimum reserve whilst managing funds to ensure that they are appropriately used to support the Charities aims. These are reviewed on an annual basis.
Aside from retaining a prudent level of reserves each year, the charity’s funds will be invested in activities to further the objects as set out in our Memorandum and Articles of Association. The Board is committed to reinvesting any surplus funds, will on an annual basis review the charity’s investment priorities and agree relevant investments to meet identified needs and opportunities aligned to our objects.
Risk Policy
The trustees have a risk management strategy that comprises:
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An annual review of the principal risks and uncertainties that the charity faces;
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the establishment of policies, systems and procedures to mitigate those risks identified in the annual review; and
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the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.
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Improving Ilkley
Accounts for the period ended 31[st] January 2025
Administrative information:
Improving Ilkley – Registered Charity (CIO) 1193192
Contact details
Tel: 01943603348
Independent Examiner Jody Kendall ACA
Administration Address: Moorlands Maxwell Road ILKLEY West Yorkshire LS29 8RP
Bankers: Virgin Money
Matthew Ward - Trustee Signed on Behalf of the Trustees
Date
16/06/2025
Improving Ilkley
Accounts for the period ended 31[st] January 2025
Independent Examiners Statement
Respective responsibilities of trustees and examiner
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/01/2025.
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts 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 145(5)(b) of the Act.
Basis of 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 which gives me cause to believe that in, any material respect:
·the accounting records were not kept in accordance with section 130 of the Charities Act; or
·the accounts did not accord with the accounting records; or
·the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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
Signed
Date
16/6/25
Improving Ilkley
Accounts for the period ended 31[st] January 2025
Year ended 31st January 2025
| Income Grants and Donations - Fountain Charitable activities Other Total income Expenditure Project costs - Flower Beds Project costs - Fountain Administrative expenses Total expenditure Net income/(expenditure) Net movement in funds Fund balances brought forward Fund balances carried forward |
YE 31st Jan 2025 £ 86,728 800 416 87,944 (350) (81,785) (320) (82,455) 5,489 5,489 2,045 7,534 |
YE 31st Jan 2024 3,222 - 348 |
|
|---|---|---|---|
| 3,570 | |||
(300) (2,724) (298) |
|||
| (3,322) | |||
248 |
|||
| 248 | |||
| 2,045 | |||
2,293 |
Improving Ilkley
Accounts for the period ended 31[st] January 2025
| Balance Sheet Year ended 31st January 2025 Fixed assets Tangible assets Investments Total fixed assets Current assets Debtors and prepayments Short term investments Cash at bank and in hand Total current assets Current liabilities: amounts falling due within one year Creditors and accruals Total current liabilities Net current assets / (liabilities) Total assets less current liabilities Creditors: amounts falling due after one year Net assets Funds Unrestricted funds Restricted funds Endowment funds Total funds Signed on behalf of the Trustees: |
Unrestricted £ - - - - - 8,082 8,082 (300) (300) 7,782 7,782 - 7,782 7,782 - 7,782 |
31st Jan Restricted 2025 £ £ - - - - - - - - - - - 8,082 - 8,082 - (300) - (300) - 7,782 - 7,782 - - - 7,782 - 7,782 - - - 7,782 |
31st Jan 2024 £ - - |
|---|---|---|---|
| - | |||
| - - 2,493 |
|||
| 2,493 | |||
| (200) | |||
| (200) | |||
| 2,293 | |||
| 2,293 | |||
| 2,293 | |||
| 2,293 - |
|||
| 2,293 | |||
Matthew Ward – Trustee Date 16/06/25
Improving Ilkley Accounts for the period ended 31[st] January 2025
1 Accounting Policies
Charity status
The charity is a CIO and consequently does not have share capital.
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
Improving Ilkley meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
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.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Staff costs
The charity has no employees and no Trustees received any remuneration or benefit during this or the previous year.
Improving Ilkley
Accounts for the period ended 31[st] January 2025
2 Independent Examination Fee
The fee for independent examination of the accounts was £100 (Prior year: £100).
3 Contracted costs
There were no contracted costs as at the year end, or prior year end.
4 Grants and donations
Donations were made via the charity JustGiving page which managed the fundraising process. Donations over £250 attracted a named place in the fountain installation. An auction of donated pieces of art was held in and raised £12,000.
5 Volunteers
For the fountain project a ‘Fountain Delivery Group’ was established. This group has an open membership and members gave time and expertise without compensation. The group numbered 5 in addition to trustees. Meetings were held regularly and decisions made by vote, in the instance of a hung decision, the trustees had the casting vote. All volunteers have agreed to remain for phase2 of the development.