# **THE BOLTON WOODS CENTRE ANNUAL REPORT 2024–2025**
**A Year of Growth, Community Impact & Strategic Development**
## **1. Reference and Administrative Details**
The Bolton Woods Centre (BWC) is a registered Charitable Incorporated Organisation (CIO), serving the Bolton Woods and wider Bradford district. The Centre acts as a multi-purpose community hub offering social, educational, wellbeing and family support activities.
Registered Address: 71 Livingstone Road, Bradford, BD2 1BD
Legal Status: Charitable Incorporated Organisation (CIO)
Charity No: 1200230 | Company No: CE030119
## **Trustees Serving During the Year:**
- • Julie Whiting
- • Phillippa Blomfield – Resigned Feb 25
- • Hamid Miah – Resigned Feb 25
- • Kelly Eileen Walmsley
- • Michaela Shuttleworth
- • Cathy Hird (from March 2025)
- • Chairperson: Michaela Shuttleworth
## **2. Structure, Governance and Management**
The charity is governed by its CIO Constitution, which outlines trustee responsibilities, financial conduct, safeguarding duties, and meeting procedures. Trustees provide oversight, strategic vision and ensure regulatory compliance.
## **Sub-Committees Established in 2024–25:**
- • Finance & HR Oversight Committee
- • Operations & Health & Safety Group
- • Friends of the Group (FOG) – community voice network
- • Impact, Fundraising & Partnerships Committee
This governance strengthening reflects the rapid growth of the Centre, the expanded service delivery, and the need for robust oversight in preparation for long-term sustainability.
## **3. Objectives and Activities**
The core aim of The Bolton Woods Centre is to improve the quality of life for local residents through social welfare, education, health and wellbeing, and inclusive community-led programmes.
The Centre operates as a safe, warm and welcoming environment, offering opportunities for all ages, backgrounds and needs—including vulnerable adults, families facing hardship, and young people at risk of isolation.
## **4. Public Benefit Statement**
The trustees confirm that all activities carried out by the Centre for the year 2024–25 deliver clear public benefit in line with the Charities Act 2011. Over 400 weekly users engaged in services including youth work, adult social groups, food support, safeguarding interventions, community meals, placements, volunteering, training, and wellbeing activity.
## **5. Achievements and Performance**
## **5.1 Centre Growth Overview**
During this year, BWC experienced significant expansion in visitor numbers, programme reach, partnership working and community visibility. Services now support an average of 400 weekly visitors, across more than 15 different programme areas. Demand remains consistently high, demonstrating that the Centre is meeting a critical need in the area.
## **5.2 Programme Highlights (Feb–May 2025)**
- Wrose Carnival participation themed 'Woodland Magic'.
- Employment placement for an autistic young adult in BWC café.
- Shipley College placements supporting three learners.
- Holiday Activities & Food (HAF) programme engaging 90+ children.
- Youth Space Builder Project teaching trade and construction skills.
- 50+ monthly food parcels supporting families in hardship.
- Café serving 200+ affordable meals weekly.
- Launch of dementia support group 'Together in Time'.
- Women’s Health Network events with 60+ attendees.
- Community Diamond Award and invitation for Centre Manager to meet King Charles.
## **5.3 Programme Highlights (June–Nov 2025)**
- 16 emergency safeguarding cases and major multi-agency interventions.
- Scotland Residential transforming outcomes for 10 vulnerable young people.
- Summer Holiday Programme supporting 130 children.
- Two large-scale community trips for 70+ families.
- Construction of new outdoor youth building via trades programme.
- Purchase of minibus to improve accessibility.
- 300+ food parcels and return of 'Let’s Eat Together' weekly meals.
- Skills House partnership helping young adults into employment.
- Community trust repair following local policing issue.
## **6. Centre Manager’s Operational Update**
Significant operational pressures were navigated throughout 2024–25, including flooding, infrastructure damage, staffing gaps and heightened community need. The Centre maintained continuity of services by adapting space usage, investing in temporary heating, reallocating staff, and accelerating fundraising efforts.
## **Key Operational Developments:**
- • Major flood affecting meeting rooms, hallway and Allstar office space.
- • Boiler replacement required; interim heating sourced.
- • Improved storage capacity following clearance of legacy stock.
- • Digital infrastructure upgrades (WiFi hubs, phone system review).
- • Minibus funding secured; procurement underway.
## **7. Volunteers**
The Centre’s 16 active volunteers continue to be central to service delivery—supporting café operations, running community events, assisting youth work, maintaining outdoor spaces, and contributing to Friends of the Group. BWC’s Volunteer Policy ensures clear expectations, training and recognition.
## **8. Equality, Diversity & Inclusion**
BWC remains committed to fairness, inclusivity and reducing barriers for marginalised groups. The Equality & Diversity Policy guides decision-making across recruitment, service design, safeguarding, community engagement and staff training.
## **9. Safeguarding**
Safeguarding continues to be a core organisational priority. This year included complex adult and child protection cases requiring coordinated multi-agency responses. Staff maintain compliance through safer recruitment, supervision, updated policies and annual training.
## **10. Data Protection and GDPR**
The Centre strengthened its GDPR compliance through improved data handling procedures, secure digital systems, updated privacy notices, retention schedules and staff training in line with the Data Protection Act 2018.
## **11. Health & Safety**
Monthly safety checks, fire drills, COSHH compliance and building maintenance formed part of the year's Health & Safety improvements. The 2024 H&S Policy remains fully implemented across all programme areas.
## **12. Financial Review (Accounts to Follow)**
Formal accounts will be appended once finalised. This year saw strengthened financial oversight, clear budget allocation to programme areas, and pursuit of new multi-year income streams. Secured grants included UKSPF Community Buildings funding, Wish Foundation, Healthy Urban Places research funding, and multiple corporate/local donations.
## **13. Risks and Future Priorities**
Key risks include the impending end of Lottery core funding in July 2026, rising community demand, building maintenance needs and staff capacity pressures. Trustees have prioritised
creating a three-year business plan, strengthening governance, diversifying income, and expanding community reach to BD3, BD4 and Heaton.
## **14. Acknowledgements**
The Centre extends heartfelt thanks to all trustees, staff, volunteers, funders, partners and residents whose commitment continues to make Bolton Woods a thriving, compassionate and resilient community hub.
## **15. Statement of Trustees' Responsibilities**
The trustees confirm they have complied with their duties under the Charities Act 2011, ensuring strong governance, safeguarding oversight, ethical financial stewardship and delivery of public benefit.
Company registration number: CE030119 Charity registration number: 1200230
## The Bolton Woods Centre
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 March 2025
## **The Bolton Woods Centre**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 4|
|Accountants' Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 14|
## **The Bolton Woods Centre**
## **Reference and Administrative Details**
**Trustees** Julie Whiting Kelly Eileen Walmsley Michaela Suzanne Versey Shuttleworth Reverend Tracy Amanda Milne Sharon Taylor Mr Christopher Horne Cathy Jane Hird **Charity Registration Number** 1200230 **Company Registration Number** CE030119
**Registered Office**
The charity is incorporated in England and Wales. 71 Livingstone Road Bradford BD2 1BD
Page 1
## **The Bolton Woods Centre**
## **Trustees' Report**
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 March 2025.
## **Objectives and activities**
## _**Public benefit**_
For the benefit of the public to maintain a community centre and provide activity sessions.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Julie Whiting Kelly Eileen Walmsley (appointed 16 June 2024) Phillippa Blomfield (resigned 3 February 2025) Hamid Miah (resigned 3 February 2025) Michaela Suzanne Versey Shuttleworth (appointed 16 June 2024) Reverend Tracy Amanda Milne (appointed 1 October 2025) Sharon Taylor (appointed 1 October 2025) Mr Christopher Horne (appointed 1 October 2025) Cathy Jane Hird (appointed 1 May 2025)
## **Structure, governance and management Financial instruments**
## _**Objectives and policies**_
The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
## _**Cash flow risk**_
The charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.
Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.
Page 2
## **The Bolton Woods Centre**
## **Trustees' Report**
## _**Credit risk**_
The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments.
The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies. The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
## _**Liquidity risk**_
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.
## **Statement of trustees' responsibilities**
The trustees (who are also the directors of The Bolton Woods Centre 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), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards, comprising FRS 102 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 charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can 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 for 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 charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Page 3
## **The Bolton Woods Centre**
## **Trustees' Report**
The annual report was approved by the trustees of the charity on 3 December 2025 and signed on its behalf by:
**.............................** ............ **Julie Whiting** Trustee
**----- Start of picture text -----**
.................................
**----- End of picture text -----**
**.................................** ........ Michaela Suzanne Versey Shuttleworth Trustee
Page 4
## **Chartered Certified Accountants' Report to the Trustees on the Preparation of the Unaudited Statutory Accounts of The Bolton Woods Centre for the Year Ended 31 March 2025**
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Bolton Woods Centre for the year ended 31 March 2025 as set out on pages 6 to 14 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/ rules-and-standards/rulebook.htm.
This report is made solely to the board of directors of The Bolton Woods Centre, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of The Bolton Woods Centre and state those matters that we have agreed to state to the board of directors of The Bolton Woods Centre, as a body, in this report, in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/ october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Bolton Woods Centre and its board of directors as a body for our work or for this report.
It is your duty to ensure that The Bolton Woods Centre has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and of The Bolton Woods Centre. You consider that The Bolton Woods Centre is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of The Bolton Woods Centre. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Smith Butler Ltd
3 December 2025
Page 5
## **The Bolton Woods Centre**
## **Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Other trading activities
4
Other income
5
Total income
**Expenditure on:**
Raising funds
Charitable activities
Total expenditure
Net income/(expenditure)
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
12
**Note**
**Income and Endowments from:**
Donations and legacies
3
Other trading activities
4
Other income
5
Total income
**Expenditure on:**
Charitable activities
Total expenditure
Net income/(expenditure)
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
12|**Unrestricted**
**funds**
**£**
5,274
5,772
14,429
25,475
(1,868)
(2,000)
(3,868)
21,607
21,607
9,211
30,818
**Unrestricted**
**funds**
**£**
200
50
10,270
10,520
(5,571)
(5,571)
4,949
4,949
4,262
9,211|**Restricted**
**funds**
**£**
79,023
-
-
79,023
-
(82,842)
(82,842)
(3,819)
(3,819)
3,820
1
**Restricted**
**funds**
**£**
38,289
-
-
38,289
(45,227)
(45,227)
(6,938)
(6,938)
10,758
3,820|**Total**
**2025**
**£**
84,297
5,772
14,429|
|---|---|---|---|
||||104,498|
||||(1,868)
(84,842)|
||||(86,710)|
||||17,788|
||||17,788
13,031|
||||30,819|
||||**Total**
**2024**
**£**
38,489
50
10,270|
||||48,809|
||||(50,798)|
||||(50,798)|
||||(1,989)|
||||(1,989)
15,020|
||||13,031|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 12.
The notes on pages 8 to 14 form an integral part of these financial statements. Page 6
## **The Bolton Woods Centre**
## **(Registration number: CE030119) Balance Sheet as at 31 March 2025**
|**Note**
**Current assets**
Debtors
9
Cash at bank and in hand
10
**Creditors: Amounts falling due within one year**
11
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds
**Total funds**
12|**2025**
**£**
3,743
81,558
85,301
(54,482)
30,819
1
30,818
30,819|**2024**
**£**
14,302
31,457|
|---|---|---|
|||45,759
(32,728)|
|||13,031|
|||3,820
9,211|
|||13,031|
For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements on pages 6 to 14 were approved by the trustees, and authorised for issue on 3 December 2025 and signed on their behalf by:
.........................................
Julie Whiting Trustee
.........................................
Michaela Suzanne Versey Shuttleworth Trustee
The notes on pages 8 to 14 form an integral part of these financial statements. Page 7
## **The Bolton Woods Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **1 Charity status**
The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation.
The address of its registered office is: 71 Livingstone Road Bradford BD2 1BD
These financial statements were authorised for issue by the trustees on 3 December 2025.
## **2 Accounting policies**
## **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)) (issued in October 2019) - (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**
The Bolton Woods Centre 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.
## **Exemption from preparing a cash flow statement**
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
## **Income and endowments**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Page 8
## **The Bolton Woods Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## _**Donations and legacies**_
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
## _**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**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
## **Government grants**
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
Page 9
## **The Bolton Woods Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Trade creditors**
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
## **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 income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Page 10
## **The Bolton Woods Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **3 Income from donations and legacies**
|Donations and legacies;
Donations from individuals
Grants, including capital grants;
Government grants
Grants from other charities
**Total for 2025**
**Total for 2024**|**Unrestricted**
**funds**
**General**
**£**
5,274
-
-
5,274
200|**Restricted**
**funds**
**£**
-
17,577
61,446
79,023
38,289|**Total**
**funds**
**£**
5,274
17,577
61,446|
|---|---|---|---|
||||84,297|
||||38,489|
## **4 Income from other trading activities**
|Trading income;
Sales of goods and services
**Total for 2025**
**Total for 2024**
**5**
**Other income**
Rental income
**Total for 2025**
**Total for 2024**|**Unrestricted**
**funds**
**General**
**£**
5,772
5,772
50
**Unrestricted**
**funds**
**General**
**£**
5,340
5,340
10,270|**Total**
**funds**
**£**
5,772|
|---|---|---|
|||5,772|
|||50|
|||**Total**
**funds**
**£**
5,340|
|||5,340|
|||10,270|
## **6 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
Page 11
## **The Bolton Woods Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **7 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries
Pension costs|**2025**
**£**
38,384
1,395|
|---|---|
||39,779|
No employee received emoluments of more than £60,000 during the year.
## **8 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **9 Debtors**
|Trade debtors
Accrued income
Other debtors
**10 Cash and cash equivalents**
Cash at bank
**11 Creditors: amounts falling due within one year**
Trade creditors
Accruals|**2025**
**£**
-
-
3,743
3,743
**2025**
**£**
81,558
**2025**
**£**
-
54,482
54,482|**2024**
**£**
11,000
3,302
-|
|---|---|---|
|||14,302|
|||**2024**
**£**
31,457|
|||**2024**
**£**
8,888
23,840|
|||32,728|
Page 12
## **The Bolton Woods Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
|**12 Funds**
**Unrestricted funds**
General
**Restricted funds**
**Total funds**
**Unrestricted funds**
General
**Restricted funds**
**Total funds**|**Balance at 1**
**April 2024**
**£**
9,211
3,820
13,031
**Balance at 1**
**April 2023**
**£**
4,262
10,758
15,020|**Incoming**
**resources**
**£**
25,475
79,023
104,498
**Incoming**
**resources**
**£**
10,520
38,289
48,809|**Resources**
**expended**
**£**
(3,868)
(82,842)
(86,710)
**Resources**
**expended**
**£**
(5,571)
(45,227)
(50,798)|**Balance at 31**
**March 2025**
**£**
30,818
1|
|---|---|---|---|---|
|||||30,819|
|||||**Balance at 31**
**March 2024**
**£**
9,211
3,820|
|||||13,031|
## **13 Analysis of net assets between funds**
|**13 Analysis of net assets between funds**||||
|---|---|---|---|
|Current assets
Current liabilities
Total net assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
32,318
(1,500)
30,818
**Unrestricted**
**funds**
**General**
**£**
13,081
(3,870)
9,211|**Restricted**
**funds**
**£**
52,983
(52,982)
1
**Restricted**
**funds**
**£**
32,678
(28,858)
3,820|**Total funds**
**at 31 March**
**2025**
**£**
85,301
(54,482)|
||||30,819|
||||**Total funds**
**at 31 March**
**2024**
**£**
45,759
(32,728)|
||||13,031|
Page 13
## **The Bolton Woods Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **14 Analysis of net funds**
Cash at bank and in hand Net debt Cash at bank and in hand Net debt
|**At 1 April**
**2024**
**£**
31,457
31,457
**At 1 April**
**2023**
**£**
14,023
14,023|**At 31 March**
**2025**
**£**
31,457|
|---|---|
||31,457|
||**At 31 March**
**2024**
**£**
14,023|
||14,023|
Page 14
## **The Bolton Woods Centre**
## **Statement of Financial Activities by fund for the Year Ended 31 March 2025**
## **Unrestricted Funds**
||**Total**|**Total**|
|---|---|---|
||**Unrestricted**|**Unrestricted**|
||**Funds**|**Funds**|
||**2025**|**2024**|
||**£**|**£**|
|**Income and Endowments from:**|||
|Donations and legacies|5,274|200|
|Other trading activities|5,772|50|
|Other income|14,429|10,270|
|Total income|25,475|10,520|
|**Expenditure on:**|||
|Raising funds|(1,868)|-|
|Charitable activities|(2,000)|(5,571)|
|Total expenditure|(3,868)|(5,571)|
|Net income|21,607|4,949|
|Net movement in funds|21,607|4,949|
|**Reconciliation of funds**|||
|Total funds brought forward|9,211|4,262|
|Total funds carried forward|30,818|9,211|
This page does not form part of the statutory financial statements. Page 15
## **The Bolton Woods Centre**
## **Statement of Financial Activities by fund for the Year Ended 31 March 2025**
## **Restricted Funds**
|**Restricted Funds**|||
|---|---|---|
|**Income and Endowments from:**
Donations and legacies
Total income
**Expenditure on:**
Charitable activities
Total expenditure
Net expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**Restricted**
**Funds**
**2025**
**£**
79,023
79,023
(82,842)
(82,842)
(3,819)
(3,819)
3,820
1|**Total**
**Restricted**
**Funds**
**2024**
**£**
38,289|
|||38,289|
|||(45,227)|
|||(45,227)|
|||(6,938)|
|||(6,938)
10,758|
|||3,820|
This page does not form part of the statutory financial statements. Page 16
## **The Bolton Woods Centre**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2025**
|**Income and Endowments from:**
Donations and legacies (analysed below)
Other trading activities (analysed below)
Other income (analysed below)
Total income
**Expenditure on:**
Raising funds (analysed below)
Charitable activities (analysed below)
Total expenditure
Net income/(expenditure)
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**2025**
**£**
84,297
5,772
14,429
104,498
(1,868)
(84,842)
(86,710)
17,788
17,788
13,031
30,819|**Total**
**2024**
**£**
38,489
50
10,270|
|---|---|---|
|||48,809|
|||-
(50,798)|
|||(50,798)|
|||(1,989)|
|||(1,989)
15,020|
|||13,031|
This page does not form part of the statutory financial statements. Page 17
## **The Bolton Woods Centre**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2025**
|**_Donations and legacies_**
Appeals and donations
UK Government grants
Grants - other agencies
**_Other trading activities_**
Sales of purchased goods
**_Other income_**
Rental income
Other income
**_Raising funds_**
Purchases
**_Charitable activities_**
Purchases
Direct costs
Direct costs met from restricted funds
Wages and salaries
Staff pensions (Defined contribution) - pension scheme 1
Light, heat and power
Light, heat and power met from restricted funds
Wages and salaries
Water rates
Insurance met from restricted funds
Repairs and maintenance
Repairs and maintenance met from restricted funds
Telephone met from restricted funds
Printing, postage and stationery
Printing, postage and stationery met from restricted funds
Trade subscriptions
Hire of other assets (Operating leases)
Hire of other assets (Operating leases) met from restricted funds
Cleaning met from restricted funds
Accountancy fees|**Total**
**2025**
**£**
5,274
17,577
61,446
84,297
5,772
5,772
5,340
9,089
14,429
(1,868)
(1,868)
(722)
(1,332)
(14,028)
(36,955)
(1,395)
3,813
(11,926)
(1,429)
(1,548)
(2,152)
(1,466)
(7,531)
-
-
(2,860)
(15)
-
-
(2,399)
(1,500)|**Total**
**2024**
**£**
200
30,789
7,500|
|---|---|---|
|||38,489|
|||50|
|||50|
|||10,270
-|
|||10,270|
|||-|
|||-|
|||(539)
(1,500)
(28,141)
-
-
(452)
(8,505)
-
-
(1,217)
(100)
(2,048)
(134)
(1,797)
(1,103)
-
(264)
(162)
(3,033)
(900)|
This page does not form part of the statutory financial statements. Page 18
## **The Bolton Woods Centre**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2025**
|Management fees
Management fees met from restricted funds
Bank charges
Bank charges met from restricted funds
Printing, postage and stationery|**Total**
**2025**
**£**
-
-
(71)
-
(1,326)
(84,842)|**Total**
**2024**
**£**
(515)
(316)
(43)
(29)
-|
|---|---|---|
|||(50,798)|
This page does not form part of the statutory financial statements. Page 19
Company registration number: CE030119 Charity registration number: 1200230
## The Bolton Woods Centre
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 March 2025
## **The Bolton Woods Centre**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 4|
|Accountants' Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 14|
## **The Bolton Woods Centre**
## **Reference and Administrative Details**
**Trustees** Julie Whiting Kelly Eileen Walmsley Michaela Suzanne Versey Shuttleworth Reverend Tracy Amanda Milne Sharon Taylor Mr Christopher Horne Cathy Jane Hird **Charity Registration Number** 1200230 **Company Registration Number** CE030119
**Registered Office**
The charity is incorporated in England and Wales. 71 Livingstone Road Bradford BD2 1BD
Page 1
## **The Bolton Woods Centre**
## **Trustees' Report**
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 March 2025.
## **Objectives and activities**
## _**Public benefit**_
For the benefit of the public to maintain a community centre and provide activity sessions.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Julie Whiting Kelly Eileen Walmsley (appointed 16 June 2024) Phillippa Blomfield (resigned 3 February 2025) Hamid Miah (resigned 3 February 2025) Michaela Suzanne Versey Shuttleworth (appointed 16 June 2024) Reverend Tracy Amanda Milne (appointed 1 October 2025) Sharon Taylor (appointed 1 October 2025) Mr Christopher Horne (appointed 1 October 2025) Cathy Jane Hird (appointed 1 May 2025)
## **Structure, governance and management Financial instruments**
## _**Objectives and policies**_
The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
## _**Cash flow risk**_
The charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.
Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.
Page 2
## **The Bolton Woods Centre**
## **Trustees' Report**
## _**Credit risk**_
The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments.
The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies. The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
## _**Liquidity risk**_
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.
## **Statement of trustees' responsibilities**
The trustees (who are also the directors of The Bolton Woods Centre 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), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards, comprising FRS 102 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 charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can 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 for 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 charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Page 3
## **The Bolton Woods Centre**
## **Trustees' Report**
The annual report was approved by the trustees of the charity on 3 December 2025 and signed on its behalf by:
**.............................** ............ **Julie Whiting** Trustee
**----- Start of picture text -----**
.................................
**----- End of picture text -----**
**.................................** ........ Michaela Suzanne Versey Shuttleworth Trustee
Page 4
## **Chartered Certified Accountants' Report to the Trustees on the Preparation of the Unaudited Statutory Accounts of The Bolton Woods Centre for the Year Ended 31 March 2025**
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Bolton Woods Centre for the year ended 31 March 2025 as set out on pages 6 to 14 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/ rules-and-standards/rulebook.htm.
This report is made solely to the board of directors of The Bolton Woods Centre, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of The Bolton Woods Centre and state those matters that we have agreed to state to the board of directors of The Bolton Woods Centre, as a body, in this report, in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/ october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Bolton Woods Centre and its board of directors as a body for our work or for this report.
It is your duty to ensure that The Bolton Woods Centre has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and of The Bolton Woods Centre. You consider that The Bolton Woods Centre is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of The Bolton Woods Centre. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Smith Butler Ltd
3 December 2025
Page 5
## **The Bolton Woods Centre**
## **Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Other trading activities
4
Other income
5
Total income
**Expenditure on:**
Raising funds
Charitable activities
Total expenditure
Net income/(expenditure)
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
12
**Note**
**Income and Endowments from:**
Donations and legacies
3
Other trading activities
4
Other income
5
Total income
**Expenditure on:**
Charitable activities
Total expenditure
Net income/(expenditure)
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
12|**Unrestricted**
**funds**
**£**
5,274
5,772
14,429
25,475
(1,868)
(2,000)
(3,868)
21,607
21,607
9,211
30,818
**Unrestricted**
**funds**
**£**
200
50
10,270
10,520
(5,571)
(5,571)
4,949
4,949
4,262
9,211|**Restricted**
**funds**
**£**
79,023
-
-
79,023
-
(82,842)
(82,842)
(3,819)
(3,819)
3,820
1
**Restricted**
**funds**
**£**
38,289
-
-
38,289
(45,227)
(45,227)
(6,938)
(6,938)
10,758
3,820|**Total**
**2025**
**£**
84,297
5,772
14,429|
|---|---|---|---|
||||104,498|
||||(1,868)
(84,842)|
||||(86,710)|
||||17,788|
||||17,788
13,031|
||||30,819|
||||**Total**
**2024**
**£**
38,489
50
10,270|
||||48,809|
||||(50,798)|
||||(50,798)|
||||(1,989)|
||||(1,989)
15,020|
||||13,031|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 12.
The notes on pages 8 to 14 form an integral part of these financial statements. Page 6
## **The Bolton Woods Centre**
## **(Registration number: CE030119) Balance Sheet as at 31 March 2025**
|**Note**
**Current assets**
Debtors
9
Cash at bank and in hand
10
**Creditors: Amounts falling due within one year**
11
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds
**Total funds**
12|**2025**
**£**
3,743
81,558
85,301
(54,482)
30,819
1
30,818
30,819|**2024**
**£**
14,302
31,457|
|---|---|---|
|||45,759
(32,728)|
|||13,031|
|||3,820
9,211|
|||13,031|
For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements on pages 6 to 14 were approved by the trustees, and authorised for issue on 3 December 2025 and signed on their behalf by:
.........................................
Julie Whiting Trustee
.........................................
Michaela Suzanne Versey Shuttleworth Trustee
The notes on pages 8 to 14 form an integral part of these financial statements. Page 7
## **The Bolton Woods Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **1 Charity status**
The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation.
The address of its registered office is: 71 Livingstone Road Bradford BD2 1BD
These financial statements were authorised for issue by the trustees on 3 December 2025.
## **2 Accounting policies**
## **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)) (issued in October 2019) - (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**
The Bolton Woods Centre 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.
## **Exemption from preparing a cash flow statement**
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
## **Income and endowments**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Page 8
## **The Bolton Woods Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## _**Donations and legacies**_
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
## _**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**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
## **Government grants**
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
Page 9
## **The Bolton Woods Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Trade creditors**
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
## **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 income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Page 10
## **The Bolton Woods Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **3 Income from donations and legacies**
|Donations and legacies;
Donations from individuals
Grants, including capital grants;
Government grants
Grants from other charities
**Total for 2025**
**Total for 2024**|**Unrestricted**
**funds**
**General**
**£**
5,274
-
-
5,274
200|**Restricted**
**funds**
**£**
-
17,577
61,446
79,023
38,289|**Total**
**funds**
**£**
5,274
17,577
61,446|
|---|---|---|---|
||||84,297|
||||38,489|
## **4 Income from other trading activities**
|Trading income;
Sales of goods and services
**Total for 2025**
**Total for 2024**
**5**
**Other income**
Rental income
**Total for 2025**
**Total for 2024**|**Unrestricted**
**funds**
**General**
**£**
5,772
5,772
50
**Unrestricted**
**funds**
**General**
**£**
5,340
5,340
10,270|**Total**
**funds**
**£**
5,772|
|---|---|---|
|||5,772|
|||50|
|||**Total**
**funds**
**£**
5,340|
|||5,340|
|||10,270|
## **6 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
Page 11
## **The Bolton Woods Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **7 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries
Pension costs|**2025**
**£**
38,384
1,395|
|---|---|
||39,779|
No employee received emoluments of more than £60,000 during the year.
## **8 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **9 Debtors**
|Trade debtors
Accrued income
Other debtors
**10 Cash and cash equivalents**
Cash at bank
**11 Creditors: amounts falling due within one year**
Trade creditors
Accruals|**2025**
**£**
-
-
3,743
3,743
**2025**
**£**
81,558
**2025**
**£**
-
54,482
54,482|**2024**
**£**
11,000
3,302
-|
|---|---|---|
|||14,302|
|||**2024**
**£**
31,457|
|||**2024**
**£**
8,888
23,840|
|||32,728|
Page 12
## **The Bolton Woods Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
|**12 Funds**
**Unrestricted funds**
General
**Restricted funds**
**Total funds**
**Unrestricted funds**
General
**Restricted funds**
**Total funds**|**Balance at 1**
**April 2024**
**£**
9,211
3,820
13,031
**Balance at 1**
**April 2023**
**£**
4,262
10,758
15,020|**Incoming**
**resources**
**£**
25,475
79,023
104,498
**Incoming**
**resources**
**£**
10,520
38,289
48,809|**Resources**
**expended**
**£**
(3,868)
(82,842)
(86,710)
**Resources**
**expended**
**£**
(5,571)
(45,227)
(50,798)|**Balance at 31**
**March 2025**
**£**
30,818
1|
|---|---|---|---|---|
|||||30,819|
|||||**Balance at 31**
**March 2024**
**£**
9,211
3,820|
|||||13,031|
## **13 Analysis of net assets between funds**
|**13 Analysis of net assets between funds**||||
|---|---|---|---|
|Current assets
Current liabilities
Total net assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
32,318
(1,500)
30,818
**Unrestricted**
**funds**
**General**
**£**
13,081
(3,870)
9,211|**Restricted**
**funds**
**£**
52,983
(52,982)
1
**Restricted**
**funds**
**£**
32,678
(28,858)
3,820|**Total funds**
**at 31 March**
**2025**
**£**
85,301
(54,482)|
||||30,819|
||||**Total funds**
**at 31 March**
**2024**
**£**
45,759
(32,728)|
||||13,031|
Page 13
## **The Bolton Woods Centre**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **14 Analysis of net funds**
Cash at bank and in hand Net debt Cash at bank and in hand Net debt
|**At 1 April**
**2024**
**£**
31,457
31,457
**At 1 April**
**2023**
**£**
14,023
14,023|**At 31 March**
**2025**
**£**
31,457|
|---|---|
||31,457|
||**At 31 March**
**2024**
**£**
14,023|
||14,023|
Page 14
## **The Bolton Woods Centre**
## **Statement of Financial Activities by fund for the Year Ended 31 March 2025**
## **Unrestricted Funds**
||**Total**|**Total**|
|---|---|---|
||**Unrestricted**|**Unrestricted**|
||**Funds**|**Funds**|
||**2025**|**2024**|
||**£**|**£**|
|**Income and Endowments from:**|||
|Donations and legacies|5,274|200|
|Other trading activities|5,772|50|
|Other income|14,429|10,270|
|Total income|25,475|10,520|
|**Expenditure on:**|||
|Raising funds|(1,868)|-|
|Charitable activities|(2,000)|(5,571)|
|Total expenditure|(3,868)|(5,571)|
|Net income|21,607|4,949|
|Net movement in funds|21,607|4,949|
|**Reconciliation of funds**|||
|Total funds brought forward|9,211|4,262|
|Total funds carried forward|30,818|9,211|
This page does not form part of the statutory financial statements. Page 15
## **The Bolton Woods Centre**
## **Statement of Financial Activities by fund for the Year Ended 31 March 2025**
## **Restricted Funds**
|**Restricted Funds**|||
|---|---|---|
|**Income and Endowments from:**
Donations and legacies
Total income
**Expenditure on:**
Charitable activities
Total expenditure
Net expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**Restricted**
**Funds**
**2025**
**£**
79,023
79,023
(82,842)
(82,842)
(3,819)
(3,819)
3,820
1|**Total**
**Restricted**
**Funds**
**2024**
**£**
38,289|
|||38,289|
|||(45,227)|
|||(45,227)|
|||(6,938)|
|||(6,938)
10,758|
|||3,820|
This page does not form part of the statutory financial statements. Page 16
## **The Bolton Woods Centre**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2025**
|**Income and Endowments from:**
Donations and legacies (analysed below)
Other trading activities (analysed below)
Other income (analysed below)
Total income
**Expenditure on:**
Raising funds (analysed below)
Charitable activities (analysed below)
Total expenditure
Net income/(expenditure)
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**2025**
**£**
84,297
5,772
14,429
104,498
(1,868)
(84,842)
(86,710)
17,788
17,788
13,031
30,819|**Total**
**2024**
**£**
38,489
50
10,270|
|---|---|---|
|||48,809|
|||-
(50,798)|
|||(50,798)|
|||(1,989)|
|||(1,989)
15,020|
|||13,031|
This page does not form part of the statutory financial statements. Page 17
## **The Bolton Woods Centre**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2025**
|**_Donations and legacies_**
Appeals and donations
UK Government grants
Grants - other agencies
**_Other trading activities_**
Sales of purchased goods
**_Other income_**
Rental income
Other income
**_Raising funds_**
Purchases
**_Charitable activities_**
Purchases
Direct costs
Direct costs met from restricted funds
Wages and salaries
Staff pensions (Defined contribution) - pension scheme 1
Light, heat and power
Light, heat and power met from restricted funds
Wages and salaries
Water rates
Insurance met from restricted funds
Repairs and maintenance
Repairs and maintenance met from restricted funds
Telephone met from restricted funds
Printing, postage and stationery
Printing, postage and stationery met from restricted funds
Trade subscriptions
Hire of other assets (Operating leases)
Hire of other assets (Operating leases) met from restricted funds
Cleaning met from restricted funds
Accountancy fees|**Total**
**2025**
**£**
5,274
17,577
61,446
84,297
5,772
5,772
5,340
9,089
14,429
(1,868)
(1,868)
(722)
(1,332)
(14,028)
(36,955)
(1,395)
3,813
(11,926)
(1,429)
(1,548)
(2,152)
(1,466)
(7,531)
-
-
(2,860)
(15)
-
-
(2,399)
(1,500)|**Total**
**2024**
**£**
200
30,789
7,500|
|---|---|---|
|||38,489|
|||50|
|||50|
|||10,270
-|
|||10,270|
|||-|
|||-|
|||(539)
(1,500)
(28,141)
-
-
(452)
(8,505)
-
-
(1,217)
(100)
(2,048)
(134)
(1,797)
(1,103)
-
(264)
(162)
(3,033)
(900)|
This page does not form part of the statutory financial statements. Page 18
## **The Bolton Woods Centre**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2025**
|Management fees
Management fees met from restricted funds
Bank charges
Bank charges met from restricted funds
Printing, postage and stationery|**Total**
**2025**
**£**
-
-
(71)
-
(1,326)
(84,842)|**Total**
**2024**
**£**
(515)
(316)
(43)
(29)
-|
|---|---|---|
|||(50,798)|
This page does not form part of the statutory financial statements. Page 19