Otley Old People's Welfare Centre 207385 Trustees Annual Report The Charity continues to provide premises for a range of of services which are mainly for the older citizens of Otley Service users pay rent. I addition part of the building is leased to another local charity Otley Action for Older People. The building was renovated in 2020 and remains in good condition. David Wilkinson Secretary and Trustee 27 January 2025 Registered Charity number: 207385 OTLEY OLD PEOPLE'S WELFARE COMMITTEE ACCOUNTS YEAR ENDED 31 MARCH 2024 OTLEY OLD PEOPLE'S WELFARE COMMIThEE Registered Charity no. 207385 TRUSTEES REPORT YEAR TO 31 MARCH 2024 Reference and Administration details Charity Name otley Old People's Welfare Committee Registered Charity Number 207385 Charity's Principal Address clo BFE Brays Ltd Building Society Chambers Wesley Street Otley LS211AZ Names of Ihe Charity Trustees who manage the Charity Mr David Wilkinson {Secretary> Mr Laurence Bentley (Treasurer) Mr David Robson Mr Colin Campbell Mr Alan K Pratt Structure, Governance and Management Type of governing document Constitution Constitution of the Charity Association Objectlve and Activities Objectives of the Charity The general good of all older people in the old Urban District of Otley by providing facilities for physical and mental recreation, furthering health, relieving povety, distress or sickness. Main activities in relation to the objectives The Charity provides a permanent building comprising a main hall, adjacent smaller meeting rooms and kitchen facilities for older people to gather for social creational and culinary purposes. Access is open to all on a day-to-day basis. The building also has offices and facilities for service providers. Achievements and Performance Main activities during the year The Trustees feel that they achieved their objeclives in the year under review. The building re-opened in the Sumrner of 2021 following refurbishment works and activities are returning to normal following the Covid-19 pandemic. OTLEY OLD PEOPLE'S WELFARE COMMITTEE Registered Charity no. 207385 TRUSTEES REPORT (continued) YEAR TO 31 MARCH 2024 Financial Review The Charity's policy on reserves The Trustees aim to keep sufficient reserves in hand to keep the building in a good state of repair. Approved by the Committee and slgned on their behalf by: /L>I,L D8vid Wilkinson Secretary Laurence Bentley Hon Treasurer Date: OTLEY OLD PEOPLE'S VVELFARE COMMITTEE Registered Charity no, 207385 STATEMENT OF FINANCIAL ACTIVITIES YEAR TO 31 MARCH 2024 NOTES UNRESTRICTED FUNOS RESTRICTED FUNDS 2024 TOTAL FUNDS 2023 TOTAL FUNDS INCOME Charitable Activities 32255.00 32255.00 28095.00 Investments 1939.23 1939.23 1432.05 TOTAL £ 34194.23 £ 34194.23 £ 29527.05 EXPENDITURE Charitable Activities 21717.34 27171.34 20448.18 Other 2518.00 2518.00 1830.00 TOTAL £ 24235.34 £ 24235.34 £ 22278.18 NET INCOME (EXPENDITURE) 9958.89 9958.89 7248.87 Transfers be￿een Funds Gains (Losses) on Investments 6345.11 6345.11 1877.04 ) Net movement in Funds 16304.00 £ 16304.OQ £ 5371.83 RECONCILIATION OF FUNDS Total Funds brought forward 489450.37 £ 1592.21 491042.58 48560.75 TOTAL FUNDS CARRIED FORWARD £ 505754.37 1592.21 £ 507346.58 £ 491042.58 OTLEY OLD PEOPLE'S WELFARE COMMITTEE Registered Charity no. 207385 BALANCE SHEET AT 31 MARCH 2024 NOTES 2024 TOTAL FUNDS 2023 TOTAL FUNDS FIXED ASSETS Freehold building refurbishment costs 391676.28 391676.28 Investments 74542.62 48197.51 TOTAL FIXED ASSETS £ 466218.90 £ 439873.79 Prepayments 2067.16 3942.53 Loan to Otley Older People's Trust Ltd 150.00 150.00 Cash at Bank General Account Building Account 43801.31 1592.21 52652.05 1592.21 TOTAL CURRENT ASSETS 47610.68 58336.79 CURRENT LIABILITIES Sundry creditors { 2733.00 ) ( 418.00 1 Rent received in advance for the next year 3000.00 3000.00 ) NET CURRENT ASSETS £ 41877.68 £ 55918.79 TOTAL ASSETS LESS CURRENT LIABILITIES 508096.58 494792.58 LONGER TERM LIABILITIES Rent received in advance beyond the next year 750.00 3750.00 1 TOTAL NET ASSETS £ 507946.58 £ 491042.58 THE FUNDS OF THE CHARITY Restricted Sncome Funds 1592.21 1592.21 Unrestricted Funds 505754.37 489450.37 TOTAL CHARITY FUNDS £ 507346.58 £ 491042.58 OTLEY OLD PEOPLE'S WELFARE COMMIThEE Registered Charity no. 207385 NOTES TO THE ACCOUNTS YEAR TO 31 MARCH 2024 NOTE 2024 UNRESTRICTED 2024 RESTRICTED 2024 TOTAL 2023 TOTAL INCOME CHARITABLE ACTIVITIES Letting of Rooms £ 32255.00 £ 32255.00 £ 28095.00 INVESTMENT INCOME Dividends on COIF Income Units 1697.49 1697.49 1403.14 Bank Interest 241.74 241.74 28.91 1939.23 £ 1939,23 £ 1432.05 EXPENDITURE CHARITABLE ACTIVITIES Building Running Costs & Insurance 21717.34 £ 21717.34 £ 20448.18 OTHER Legal & Professional Costs 2518.00 2518.00 1830.00 FIXED ASSETS Freehold Building Refurbishment 2024 TOTAL 2023 TOTAL Cost of Refurbishment brought forward 391676.28 389342.28 Costs this year 2334.00 Cost carried fO￿ard £ 391676.28 £ 391676.28 Note: The original cost of Ihe building is not known having been built some sixty years ago. INVESTMENTS COIF Charities Investment Fund 3648.22 (2023 2575.53) Income Units at bid market value (original cost not known) £ 74542.62 £ 48197.51 During the year an additional 1072.70 units were purchased at a cost of £20000 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Otley Old People's Weware Committee On accounts for the year ended 31 March 2024 Charity no (if any) 207385 Set out on pages 1to5 I report to the trustees on my examination of the accounts of the above charity {Ihe Trusf) for the year ended 3110312024 Rasponsibilitles and As the charity trustees of the Trust, you are responsible for the preparation basis of report 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 carying out my examination, I have followed the applicable Directions gNen by the Charity Commission under section 145{5)(b) of the Act. I have completed my examination. I confimi that no material matters have come to my attention (other than that disclosed below ") in connection with the examination which gives me cause to believe that in, any material respect: accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's ststement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of Ihe accounts to be reached. Please delete the words in the brackets if they do not apply. Signed: Date: 28 January 2025 Name: Anthony Bradbury Relevant professional qualification{s) or body (if any): FCCA Address: Hollings Crowe Storr 14 Beech Hill Otley LS213AX Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32. Independent examination of charity accounts: directions and guidance for examiners).