Charity Registration No. 1195788
Company Registration No. 13508050 (England and Wales)
WOODLEIGH IMPACT
REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
WOODLEIGH IMPACT
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr A H Clarke Mrs L D Clarke Miss I H Clarke Charity number 1195788 Company number 13508050 Registered office 114 Otley Road Guiseley Leeds West Yorkshire LS20 8LZ Independent examiner Peter Crowther FCA Peter Crowther & Co Chartered Accountants 9 Riverside Court Halifax West Yorkshire HX3 9LP Accountants RSM UK Tax and Accounting Limited Fifth Floor Central Square 29 Wellington Street Leeds LS1 4DL
WOODLEIGH IMPACT
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their report and financial statements for the year ended 31 December 2023.
The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Companies Act 2006 and 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) second edition - October 2019.
The full name of the charity is Woodleigh Impact and its principal operating address is 114 Otley Road, Guiseley, Leeds, West Yorkshire, LS20 8LZ.
Objectives and activities
The charity's objectives are primarily the prevention or relief of poverty and the protection and improvement of the physical and natural environment, including by raising awareness of the impact of climate change.
Woodleigh Impact is primarily a grant-making organisation and its day to day activities involve researching effective interventions in its chosen cause areas and then identifying charities or other organisations implementing these interventions effectively before then providing them with grants to continue their work. The charity does not accept unsolicited requests for funding but instead prefers to carry out its own independent research first before then approaching charities to discuss their funding requirements and whether they wish any support.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
This was the second year of operation for Woodleigh Impact and its key achievements included:
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Carrying out significant research into the causes of poor literacy within low income countries and the most promising interventions to address this which directly led us to identify a number of impactful organisations to whom we made grants.
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Identifying grant-making opportunities for the first time within the UK environmental space, specifically organisations seeking to address the problem of pollution in waterways.
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Introducing a learning and development programme for each employee in order to support them to fulfil their roles and enhance their personal development.
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Making fourteen grants during the year ranging from £450 to £40,000 each.
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Reviewing our performance throughout the year and making improvements to our grant-making strategy and internal processes to ensure we continue to make sound grant-making decisions within the constraints of finite staff resources.
Financial review
Donations in the year were £480,000 (2022 - £813,019) and resources expended were £174,907 (2022 - £188,203). Closing funds as at 31 December 2023 were £948,520 (2022 - £625,814).
Reserves policy
The policy on reserves is to retain sufficient funds to meet its charitable objectives. The balance held as unrestricted funds at 31 December 2023 was £948,520 (2022 - £625,814) and the trustees believe that these funds are adequate to enable the Charity to continue to pursue its charitable objectives.
Risk management
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
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WOODLEIGH IMPACT
TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023
Structure, governance and management
The company is limited by guarantee and registered as a charity under the Charities Act 2011. It is governed by its memorandum and articles of association dated 12 July 2021.
Any person can apply to become a member of Woodleigh Impact and must be approved by the Board. Each member agrees to contribute £1 in the event of the charity winding up.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of this report were:
Mr A H Clarke Mrs L D Clarke Miss I H Clarke
The directors of the company are its Trustees for the purposes of charity law and throughout this report are collectively referred to as the Trustees.
The Trustees were appointed because of their strong interest and commitment to improving people’s lives and the state of the natural world as well as their business and professional experience to date which means that they are well placed to make informed decisions about how to achieve the biggest potential impact with the charity’s finite resources. The Trustees ensure that between them they have the necessary skills and experience to govern the charity.
The Trustees meet regularly, manage all aspects of the business of the charity and may exercise all the powers of the charity.
Key management personnel remuneration
The trustees consider the board of trustees as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day to day basis. All trustees give their time freely and no trustee remuneration was paid during the year.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption.
The Trustees' Report was approved by the Board of Trustees and signed on its behalf by:
Adrian Clarke
..............................
Mr A H Clarke
Trustee Dated: ......................... 08/04/24
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WOODLEIGH IMPACT
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees (who are also the directors of Woodleigh Impact for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure of the charitable company for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
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WOODLEIGH IMPACT
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF WOODLEIGH IMPACT
I report on the financial statements of the charity for the year ended 31 December 2023, which are set out on pages 5 to 12.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity'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 2011 Act.
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the accounts present a 'true and fair view' and my report is limited to those specific matters set out in the independent examiner's statement.
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 reasonable cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do 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.
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants In England and Wales, which is one of the listed bodies.
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.
Peter Crowther
Peter Crowther FCA Chartered Accountant Peter Crowther & Co 9 Riverside Court Halifax HX3 9LP
Dated: ......................... 08/04/24
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WOODLEIGH IMPACT
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Unrestricted | Unrestricted |
||
| funds | funds | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 2 | 480,000 | 813,019 |
| Charitable activities | 3 | 9,642 | - |
| Investments | 4 | 7,971 | 998 |
| Total income | 497,613 | 814,017 | |
| Expenditure on: | |||
| Charitable activities | 5 | 174,907 | 188,203 |
| Net income for the year/ | |||
| Net movement in funds | 322,706 | 625,814 | |
| Total funds brought forward | 625,814 | - | |
| Total funds carried forward | 948,520 | 625,814 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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Company Registration No. 13508050
WOODLEIGH IMPACT
BALANCE SHEET
AS AT 31 DECEMBER 2023
| Notes Current assets Debtors 10 Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Income funds Unrestricted funds |
2023 £ 971 956,456 957,427 (8,907) |
£ 948,520 948,520 948,520 |
2022 £ - 631,483 631,483 (5,669) |
£ 625,814 |
|---|---|---|---|---|
| 625,814 | ||||
| 625,814 |
For the year ended 31 December 2023, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies and its members have not required the company to have an audit of its financial statements for the period in questions in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
08/04/24
The financial statements on pages 5 to 11 were approved and authorised for issue by the officers on ................. and signed on their behalf by:
Adrian Clarke
.............................. Mr A H Clarke Trustee
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WOODLEIGH IMPACT
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023
| Notes Cash flows from operating activities Net cash provided by operating activities 12 Cash flows from investing activities Interest received Net cash provided by investing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year |
2023 £ 7,971 |
£ 317,002 7,971 324,973 631,483 956,456 |
2022 £ 998 |
£ 630,485 998 |
|---|---|---|---|---|
| 631,483 - |
||||
| 631,483 |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
WOODLEIGH IMPACT
1 Accounting policies
Charity information
Woodleigh Impact is a private company limited by guarantee incorporated in England and Wales. The registered office is 114 Otley Road, Guiseley, Leeds, West Yorkshire, LS20 8LZ.
Accounting convention
The financial statements have been prepared under the historical cost convention with items recognised at cost of transaction value unless otherwise stated in the relevant note(s) to these financial statements.
The accounts 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) second edition - October 2019 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006. The accounting policies as disclosed have been applied consistently throughout the current and preceding year.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The charity constitutes a public benefit entity as defined by FRS102 and has therefore applied the relevant public benefit requirement of FRS102.
Going concern
The trustees have reviewed the expected cash outflows for the charity against expected cash inflows and assets held for 12 months from the approval of these financial statements. The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern, and therefore have concluded that it is appropriate to use the going concern basis in the preparation of these accounts.
Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Donations are recognised when the charity has been notified in writing of both the amount and settlement date.
Investment income is accounted for in the accounting period in which it is receivable.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Charitable expenditure comprises costs incurred by the charity in delivery of its activities and objectives. It includes both costs directly attributable to activities and indirect costs necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include independent examination fees and costs linked to the strategic management of the charity.
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WOODLEIGH IMPACT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
1 Accounting policies (Continued)
Financial instruments
The charity only has basic financial assets and liabilities of a kind that qualify as basic financial instruments. These are initially recognised at transaction value and subsequently at settlement value.
Taxation
The charity meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is partially exempt from taxation in respect of income or capital gains to the extent that such income or gains are applied exclusively to charitable purposes.
Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Donations and legacies
| Donations and gifts 3 Charitable activities Services provided under contract 4 Investments Interest receivable |
2023 £ 480,000 2023 £ 9,642 2023 £ 7,971 |
2022 £ 813,019 |
|
|---|---|---|---|
| 2022 £ - |
|||
| 2022 £ 998 |
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WOODLEIGH IMPACT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
5 Charitable activities
| Other Costs Staff Costs £ £ Staff costs - 36,276 Travel - - Legal fees - - Consultancy fees - - Subscriptions 608 - Insurance 207 - 815 36,276 Grant funding of activities (see note 6) 135,254 - Share of governance costs (see note 7) 2,562 - 138,631 36,276 6 Grants payable Grants to institutions (6 grants): Simplex Health river testing for community groups Read for Life Collaborative School Network Greenworld Education & Research Hospice for Africa University of Sheffield / Staveley Sustainability Network Animal Think Tank Marys Meals Peepul Centre for Policy Solutions |
Total 2023 £ 36,276 - - - 608 207 37,091 135,254 2,562 174,907 2023 £ 15,200 40,000 20,000 15,029 40,025 5,000 - - - - 135,254 |
Total 2022 £ 22,781 3,068 5,160 2,574 34 207 |
|---|---|---|
| 33,824 151,979 2,400 |
||
| 188,203 | ||
| 2022 £ - - - 20,000 - - 30,000 40,000 39,979 22,000 |
||
| 151,979 |
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WOODLEIGH IMPACT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
7 Governance costs
| Governance costs | ||
|---|---|---|
| Accountancy Independent examiners fees Analysed between: Charitable activities |
2023 £ 1,782 780 2,562 2,562 |
2022 £ 1,620 780 |
| 2,400 | ||
| 2,400 |
8 Trustees
None of the trustees (or any persons connected with them) received or waived any remuneration or benefits from the charity during the year (2022 - £nil). No trustees received payments (2022 - £nil) in respect of travel costs reimbursed. The trustees are considered to be the key management personnel of the charity.
9 Employees
Number of employees
| 2023 | 2022 | ||
|---|---|---|---|
| Number | Number | ||
| 2 | 1 | ||
| Employment costs | 2023 | 2022 | |
| £ | £ | ||
| Wages and salaries | 29,762 | 15,628 | |
| Social security costs | 4,915 | 2,900 | |
| Other pension costs | 1,599 | 710 | |
| 36,276 | 19,238 | ||
| 10 | Debtors | ||
| 2023 | 2022 | ||
| Amounts falling due within one year: | £ | £ | |
| Prepayments and accrued income | 971 | - |
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WOODLEIGH IMPACT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
| 11 Creditors: amounts falling due within one year Other taxation and social security Other creditors Accruals and deferred income 12 Reconciliation of net income to net cash flow from operating activities Nert income for the reporting period (as per the statement of financial activities) Adjustments for: Investment income recognised in statement of financial activities Movements in working capital: (Increase) in debtors Increase in creditors Net cash provided by operating activities |
2023 £ 1,074 450 7,383 8,907 2023 £ 322,706 (7,971) (971) 3,238 317,002 |
2022 £ 1,707 1,562 2,400 5,669 2022 £ 625,814 (998) - 5,669 630,485 |
|---|---|---|
13 Related party transactions
During the year, the charity received donations from the trustees and a company owned by the trustees totalling £480,000 (2022 - £813,019).
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