Charity regislration number 507573 Company registratlon numbor 01219838 (England and Wales} WEST YORKSHIRE MANUFACTURING SERVICES LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
WEST YORKSHIRE MANUFACTURING SERVICES LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trusteos A. M Denford (Chairl G. J Short H. L Thornber J. Wrighl L. T Fleming S.C Bonfield (Appointed 1 May 20241 Secretsry S C Bonfield Sonlor management Mark Lewis Jacqueline Loftus Ann Dean Chief Executive Officer Centre Manager Finance Manager (Resigned December 20231 Charity number 507573 Company number 01219838 Reglstered offlco Kirkdale House Armylage Road Brighouse Wesl Yorkshire HD6 1QF Independent oxamlngr BK Plus Limited 52 Sl Johns Lane Halifax West Yorkshire England HX12BW Bankers Flagstone 1 st Floor Clareville House 26-27 Oxendon Street London Lloyds Bank PIC 1 sl Floor {Easl) 10 Gresham Street London Santander UK 2 Trilon Square Regent's Place London NW13AN Solicltors Chadwick Lawrence LLP 13 Railway Slreet Huddersfield HD1 1JS
WEST YORKSHIRE MANUFACTURING SERVICES LIMITED CONTENTS Page Trustees, report Independent examine¢s report Slalemenl of financial aclivilies Balance sheet Noles lo the financial statements 9.19
WEST YORKSHIRE MANUFACTURING SERVICES LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Ifustees who are also directors of the charily for Ihe purposes of the Companies AGI 2006, present their report with Ihe financial statements of the charity for the year ended 31st Maich 2023. The Irustees have adopted the Provisions of Accounting and Reportin9 by Charilies.. Statement of Recommended Piaclice applicable lo charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and RepubliG of Ireland (FRS 102) leffeclive 1 January 2019). Objectlves and actlviti88 The objectives of the charily are defined in ils Memorandum ofAssocialion and may be summaiised as follows'.- lo provide facilities for and undertake and assist in the provision ol indtsslrial & commercial Iraining., 10 generally supervise and further the industrial, commercial and general education of modern apprenlicaship trainees and persons seeking re-training and upskilling., to organise, co-ordinate and further all Iraining of the above industrial and commercial sectors within member and other companies and olher Ofganisalions for all levels of employees., lo provide, equip and carry on training centres, workshops. libraries. lecture rooms or other facilities for training and education,. lo provide advice and technical assistance for businesses and organisalions in Ihe carrying out by them of the. training of their own employees.. lo work in conjunclion wilh government bodies, technical colleges and other educational Of public aulhorities in the provision of induslfial and commercial training or education., where possible lo provide assistance by obtaining grants or otherwise and redislribulion to individuals employed or intending lo be employed in industry and commerce lo enable them lo a¢quire training or education., Public benefit We have referred lo the guidance contained in the Charity Commission'5 general guidance on public benefit when reviewing our aim and objeclives and in planning our future aclivilies. In particular, the trustees consider how planned aclivilies will conlribule to the aims and objectives they have sel. Achievements and performance Throughoul the year ended 31 March 2024 Ihe Charity's workshops. capilal equipment and facilities were consislenlly used for the training of apprentices involved in manulacluring and industry in accordance wilh the primary charitable objective, the training having been delivered and administered by Calderdale College, the Charity's tenant under an operating lease arrangement To supplement the income receivable from Calderdale College the Charity has provided generic Iraining courses such as First Aid and Health and Safely both directly and Ihrough a strategic wllaboralion with MAKE UK. Demand for the commercial hire of the remaining space and facilities has been and remains high lo Ihe exlenl that significant progress has been made towards the achievement of the Charity's primary financial goal which is to generate suffi'cient income in addition lo rental income fiom Calderdale College lo ensure that the Charity makes a small operating surplus The Charity's plans to directly deliver pre-lpprenliceship work familiarisalion courses and specialist courses in the familiarisalion with and use ol digital and specialist engineering equipment continue in the developrnenl phase, bul Iheir implernentation remain a priority Administratively, the Charity has increased Ihe size and diversily of the Board by recruiting an additional directors lo become Trustee and member of the Charity The Chafily's repulalion a5 a significant partner and influencer in Ihe manufacturing and engineering industry at large continues lo grow exponentially as evidenced by Ihe increasing number of invitations received by the Charity to lake a leading role in local. regional and nalional initiatives
WEST YORKSHIRE MANUFACTURING SERVICES LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Financial revlew During the year the Charity has thoroughly reviewed its Finance and Invgstmenl Policy and procedures and ha5 created a Finance Sub Committee lo oversee, implement and manage Ihe same. The Trustees accordingly report the financial outcome in summary form as follows YIE 3113124 YIE 3113123 INCOME EXPENDITURE SURPLUS / (DEFICIT) £510,772 1£513,8891 (£3.117) £402.992 1£489,0491 (£86.057) CAPITAL £2,679,963 £2.683,001 As the Charity is approaching a 'break even, revenue posilton having re-eslablished i15eSf as a going concern. the focLbS of the reserves policy is lo safeguard the day-lo-day operations of the organisalion against unforeseen costs or circumstances and to make provision for the repair, mainlenance and refufbishmenl of the Charily 5 real 8slale and general infraslruGIuTe. In relation lo the former il was decided that an aggregate sum of £350.000 should be accessible and that specific amounts shoukl be designated for refurbishmènt projects. Consideration was given to appointing professional asset managers lo invesl Ihe balance of the Charily's cash reserves bul il was decided that given the limited amounts which could prudently be released for investment, the costs associated with suGh an appointment were prohibitive and that a lower fisk solulion should be implemented. The Boafd accepted a recommendation from ils Finance sub-committee lo open a managem&nl account wilh CAF approved Flagstone which incorporates a platform giving access lo a range of financial inslilulions offering short, medium and long term deposit accounts paying Interest at fixed rale5. The Chaiily accordingly now maintains a current account wilh Lloyds Bank and short lerm deposit accounl wilh Santander, which collectively hold the operating balance which is maintained al a figure in the region of £100.000. The balance of cash is held in and approximately 12 lixed rale deposit accounts with different institutions each containing up lo the protected balance 01 £85,000 and with malurily dales ranging from 3 mtsnths to 5 years lo ensure that the Charity will always have access lo capilal funds should they be fequired whilsl maximising the return Sn deposit inleresl. The Trustees accordingly report the Reserves and Investment position in summary form as follows... Capital at 3113124 £2.679.963 Less .' Fixed Assets Less .' Designated for EV chargers Less .' Designated lor replacement boiler Less . Designated for solar power I heal pump project Less Operating expenditure (£1,439,554) 1£5,0001 (£10,000) (£150,000) (£350,000) Balanco of undesignated reserves £725.409
WEST YORKSHIRE MANUFACTURING SERVICES LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure, governance and management Governing document West Yorkshire Manufacturing Services Limited is a company limited by guarantee governed by ils Memorandum and Articles of Association dated 28 April 1975 and amended to allow for current governance arrangemenls on 29 April 2003. It is registered as a charily with the Charity Commission. In Ihe main the company'5 membershlp is Individuals representing member compani6s. with exceptions al the discretion of the Executive Board. In the event of Ihe company winding up. each member agrees to contribute an amounl not exceeding £10 towards the payment of debts 8nd liabilities. Rlsk management The Iruslees have a duly to id8nlify and rèview the risks to which the charity is exposed and to ensure appropriate conlrols are in plac8 to provide reasonable assurance against Iraud and error. STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees (who are also the directors of West Yorkshir8 Manufa¢luring Services Llmited for the purposes of company lawl are rèsponsible for prèparing the Report of thé Trustees and th8 financial slalements in accordance with applicable law and United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Practic8). Company law requires the trustees lo Prepa financial slalemenls for each financial year which give a true and fair view of the stale of affalrs of Ihe charitable company and of the incoming resources and application of resources, Including the Incom8 and expenditure, of the charitable company for that periofl. In preparing those financSal slalements, the Irusle6s are required to se18cI suitable accounting policies and then apply them consistently: observe the methods and principles in the Charity SORP., make judgernenls and estimates that are reasonable and prudent,. prepare the financial slalements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The Iru$tees afe responsible for keeping proper accounting records which disclose with reasonable accuracy al any lim8 the financial position of the charitable company and lo enable them lo ensure Ihal the financial statements comply with the Companies AGI 2006. They are also responsible for safeguarding Ihe ass8ls of lh8 charitable Gompany and hence for taking reasonable steps for the prevention and detection of fraud and olhar iiregularili8S. Approved by order of the board of trustees on and signed on Ils behalf by.. A M Denford - Trtsslee
WEST YORKSHIRE MANUFACTURING SERVICES LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
WEST YORKSHIRE MANUFACTURING SERVICES LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WEST YORKSHIRE MANUFACTURING SERVICES LIMITED I report to the charity Irustees on my examination of Ihe accounts of the Company for Ihe year ènded 31 st March 2023. Responsibllities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law> you are rèsponsible for the preparation of the accounts in accordance wilh the requiremenls of Ihe Companies Act 2006 {'Ihe 2006 Acl'l. Having satisfied myself thal the accounts of the Company are not requiTed lo be audited under Part 16 of the 2006 Act and are eligible foi independenl examinalion, I report in respect of my examination of your Charity's accounts as carried out undei Section 145 of the Charities Ad 2011 {'Ihe 2011 Acl'l. In carrying oul my examinalion I have followed the Directions given by the Charity Comrnission under Seclion 145151 (b) of the 2011 Act. Independgnt examinefs statsment Since your charity's gross income exceeded £250.000 your examiner must be a member of a listed body. I can confirm Ihal l am qualified to undertakè the examination because l am a member of the Inslilule of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examinalion. I confirm that no matters have come lo my allenlion in connection with the examination giving me cause lo believe. accounting records were nol kept in respect of the Charity as requiTed by section 386 of the 2006 Act., or the financial slatements do not accord with Ihose records; or the financial slalemenls do not comply with Ihe accounting requirements of section 396 of the 2006 Ad other than any reqlsiremenl that the a¢counls give a true and lair view which is not a maller considered as part of an independent examinalion; or the financial slalements have not been prepared in accordance wllh Ihe methods and principles of the Slalement of Recommended Practice for accounting and reporting by charilies applicable lo Ghafilies preparing Iheir accoLtnls in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102}. I have no concerns and have come across no other matlers in connection with the examination lo which allenlion should be drawn in this report in order lo enable a proper under51anding ol Ihe financial statements lo be reached. BK Plus Limited Iivs 52 Sl Johns Lane Halifax Wesl Yorkshir8 HXI 2BW England 16 oc4obts 201KI
WEST YORKSHIRE MANUFACTURING SERVICES LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds 2024 Unrestricted funds 2023 Noles Income and endowments from: Donations and legacies Charilable activities Investments Other income 5,749 461,098 40,284 3.641 22,560 364,030 16,402 Total tncome 510.772 402,992 Expenditure on: Raising funds Charitable activities 1.158 512.731 489.049 Totsl expendituro 513.889 489,049 Not oxpendllure and movement In funds (3,1171 186,0571 Re¢onclllatlon of funds: Fund balances al 1 April 2023 2,883,080 2.769,058 Fund balances at 31 March 2024 2,679,963 2,683,001 The slalement of financial activities indudes all gains and losses recognised in the year. All in¢om8 and expenditure defive from continuing aclivilies. The notes on pages 910 19 form part of these financial slalemenls.
WEST YORKSHIRE MANUFACTURING SERVICES LIMITED BALANCE SHEET AS Af 31 MARCH 2024 2024 2023 Notes Fixed assets Tangible a55els Investments 13 14 1.439.554 1,491,478 1,439,554 1,491,479 Current assets Debtors Cash at bank and in hand 15 62,149 1,253,553 49,G98 1,227,432 1,315,702 1.277,130 Creditors: amounts falling due within one yaar 16 175,293) 183,608) Ngt current assets 1,240,409 1,193,522 Total assets le$5 current liabllltles 2.679,963 2,685,001 Creditors: amounts fallirbg due after moro than one year 17 (2,000) Net assets excludlng pension Ilabllity 2,679,963 2,683,001 Not assets 2.679.963 2,683,001 The funds of tho charlty Unreslri¢led funds 2,679,963 2,683,001 2,679,963 2,683,001 The notes on pages 9 10 19 form part of these financial slatemenls. The Company is entitled lo the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The directors acknowledge Iheir responsibilities for complying with the requirements of Ihe Companies Act 2006 with respect lo accounting records and the preparation of financial slalemenls. The members have not required the company lo obtain an audit of ils financial statements for the year in queslion in accordance with section 476. These financial stalemenls have been prepared in accordance wilh the provisions applicable to companies subject to the small Companies regime.
WEST YORKSHIRE MANUFACTURING SERVICES LIMITED BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2024 Th8 charitsble company is enlilled lo exemplion from audit under Section 477 of the Companies Act 2006 for tho year ended 31st March 2023. The members have not required the company to obtain an audit of its financlal Statements for the year ended 31 sl March 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for {a} ensuring that the charitable company keeps accounting records that comply wlth Sections 386 and 387 of the Companies Act 2006 and preparing financial slalemenls which glve a true and fair view of Ihe slate of affairs of the charitable company as al the end of èach financlal year and of ils surplus or deficit for each financial year in accordance with the requlremenls of Sections 394 and 395 and which olherwlse comply with the requirements of the Companies Act 2006 relaling lo financial stalernenls, so far as applicable to the charitable company. {b} These financial slalements have been prepared in accordanc8 with the provisions appllcable lo charitable companies subject to the small companies regim8. Th8 flnancial statements were approved by the Board of Trustees and 8ulhori$ed for issue on were signed on its behalf by.. A. M D8nford (Chairl Trusteo Company reglslralion number 01219838 (England and Wales)
WEST YORKSHIRE MANUFACTURING SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Basis of preparing the flnancial statements The financial slalements of the charilable company, which is a public benefit enlily under FRS 102, have been prepared in accordance with the Charities SORP (FRS 1021 'AGGounling and Reporting by Charities.. Slatemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in Ihe UK and Republic of Ireland {FRS 1021 (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Slandard applicable in the UK and Republic of Ireland, and Ihe Companies Act 2006. The financial statements have been prepared under the historical cost convention. with the exception of investments which are included al market value. 1.1 Accountlng convention The financial slalemenls are prepared in sterling, which is the functional currency of the charity. Monetary amounts in Ihese financial stalemenls are rounded lo the nearesl £. The financial slalemenls have been prepared under the historical cost convention. Imodified lo include the revaluation of freehold properties and lo include investment properlie5 and certain financial instruments at falr valuel. The principal accounting policies adopted are sel out below. 1.2 Going concern At the time of approving the financial slalements. the Iruslee5 have a reasonable expectation that the charily has adequate resources lo continue in operational exislen¢e for the foreseeable future. Thus the trustees onlinue lo adopt the going concern basi5 of accounting in preparing the financial slalemenls. 1.3 Charitable funds Unreslricled funds are available for use at the discretion of the trustees in furtherance ol their charitable objeclives. Reslricled funds are subject to specifiG condilions by donors or gianlors as lo how Ihey may be used. The purposes and uses of Ihe reslricled funds are sel out in the noles lo Ihe financial slatemenls. Endowment funds are subject lo specific conditions by donors that the capital must be maintained by the ¢harily. 1.4 Income Income is recognised when the charily is legally entitled lo il after any performance condilions have been met, the amounts Gan be measured reliably, and it is probable that income will be reived. Cash donations aré recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of Ihe amount. In¢ome lax recoverable in relation lo donalions received under Gift Aid or deeds of covenant is recognised al the lime of the donation. Legacies are recognised on receipl or otherwise if the charity has been nolified of an impending dislribulion, the amount is known, and receipt is expected. If the amount is not known, the legacy is tTealed as a conllngenl asset.
WEST YORKSHIRE MANUFACTURING SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policles Icontinued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligalion to transfer economic benefit lo third party. il is probable that a Iransfef of economic benefits will be required in selllemenl, and the amount of the obligation can be measured reliably. Expenditure is classified by aclivily. The costs of each aclivily are made up of the tolal of direct cosls and shared costs, incl(Jding support cosls involved in undertaking each aclivily. Oirecl costs allribulable lo a single activity are allocated directly lo that activity. Shared costs which contribute to more than one aclivily and support cos15 which are not allribulable lo a single aclivily are apportioned between Ihose activities on a basis consistent with Ihe use ol resources. Central staff costs are allocated on Ihe basis of lime spent, and deprèciation charges are allocated on the porlion of the assel's use. 1.6 Tangible ftxed assets Tangible fixed assets are initially m8asured al cosl and subsequently measured at cosl or valuation, net of depreciallon and any impairmenl losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual value5 over thèir useful lives on the following base5'. Freehold land and building5 Planl and equipment Fixtures and fillings Computers Straight line over 50 years Slraighl line over 4 18 years Slraighl line over 3 years Slraighl line over 3 years The gain or loss arising on the disposal of an asset is determined as the difference bekneen the sale proceeds ond the carrying value of the asset, and is recognised in Ihe slalemenl ol financial aclivilies, 1.7 Fixed asset invg$tment8 Fixed ossel investments ar8 initially measured al transaction price excluding Iransaclion cosls, and are subsequently measufed al fair value al each reporting dale. Changes in fair value are recognised in nel incomel(expendilure) for the year. Transaction costs are expensed as incurred. A subsidiary is an enlily controlled by the charity. Control is the power lo govern the financial and operating policies of the enlily so as to oblain benelils Irom ils aclivili8s. 1.8 Impairment of fixed assets Al each reporting end dale. the charily reviews the Garrying amounls of ils langible assets lo determine whether there is any indication Ihal Ih05e assets have suffered an impairm6nl loss. If any such iridicalion exis15, Ihe recoverable amount of the asset is eslimaled in order lo delermine the exlenl of Ihe impairment loss lif any). 1.9 Cash and Gash equivalents Cash and cash equivalenls include cash in hand. deposits held al call with banks. other shorl-lerm liquid inveslmenls with original malurilies of three months or less, and bank overdraft5. Bank overdrafls are shown within borrowings in current liabilities. fjo-
WEST YORKSHIRE MANUFACTURING SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcies (Continued) 1.10 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial In51rumenls' and Section 12 'other Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls. Financial inslrumonls are recognised in the charity's balance sheet when the charity becomes party lo the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presenled in the financial slalements, when there is a legally enforceable right lo sel off the recognised amounts and there is an inlenlion to sellle on a net basis or lo realise the asset and sellle the liability simultaneously. Basic Ilnanclal assets Basic financial assets, which include debtors and cash and bank balances, are inilially measured al transaction price including transaction costs and are subsequently carried al amorlised cost using the effective inleresl method unless the affangemenl conslilutes a financing Ifansaclion, where the Iransaclion is measured al the present value ol the future receipts discounted al a market rale of interest. Financial assets classified as receivable within one year are nol amortised. Basic finanelal liabililles Basic financial liabilities, including creditors and bank loans are inilially recognised al transaction price unless the arrangement conslilules a financing Iransaclion. wheie the debt inslrumenl is measured al the present value of the lulure payments discounted al a market rale of inleresl. Financial liabili1Ses classified as payable within one year are not amortised. Debt inslrurnenls are subsequently carried al amortised cost. using thè effective inlerest rale method. Trad8 creditors are obligations lo pay for goods or services thal have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as currenl liabilities if payment is due within one year or less. If not, they are presented as non-currenl liabililies. Trade creditor5 are recognised initially al transaction price and subsequently measured al amortised cost using the effective inlerest method, Derecognltlon of Ilnancial Ilabllitles Financial liabililies are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.11 Ernployee benefits The cost of any unused holiday entitlemenl is recognised in the period in which the employee's services are received. Termination benèfits are recognised immediately as an expense when the Gharily is demonstrably commilled to terminate the employment ol an employee or to provide termination benefits. 1.12 Retlrement benefits Payments to defined contribution retirement benefit schemes are chaiged as an expense as they fall due. 11
WEST YORKSHIRE MANUFACTURING SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Incomo from donalions and legacies Unrestricted funds 2024 Unrestrlctsd funds 2023 Donations and gifts Gran15 received, included in the above, are as follows.. 12,880 9,680 5.749 5.749 22.560 Grants recolvablg for core activltles Calderdale Business Trust Leed5 City Council - Digital Enterprise Calderdale College 2,000 2,000 7,880 3,749 5,749 9,680 Income from charltable activitles Unrestricted funds 2024 Unrestrlcted funds 2023 General charltable activitles Room hire income Catering income Course income Tenancy I licence income Membership fees in¢ome 30.336 20.707 84.765 325,290 14,020 10,205 77,580 258,265 3.960 461,098 364,030 Income from investment5 Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 40,284 16,402 12-
WEST YORKSHIRE MANUFACTURING SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Other Income Unrestrlcted Unrestricted funds funds 2024 2023 Nel gain on disposal of tangible fixed assets Other income 417 3.224 3.224 Expenditure on ral$lng funds Unrestrlcted Unrestrlcted funds funds 2024 2023 Inveslmenl management 1,158 13-
WEST YORKSHIRE MANUFACTURING SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on charllable activilie3 General charitable activitiBs 2024 General charitsble activities 2023 Direct Gosts staff costs Depreciation and impairment Premises Costs Repair5 and mainlenance costs Computer repairs, maintenance and liGences Office costs Motor and Iravel costs Slaff welfare and recruitment Training provision costs Consultancy costs Advertising and marketing Finance Gosls Irrecoverable VAT Olher costs 214,817 91,421 51,230 21,812 10.326 19,309 582 37 70,788 171,017 101,732 51,182 18,603 10,807 13.684 184 5,047 57.102 9.800 4.523 141 22,445 1,537 3,628 379 16,356 2,572 503,257 467,784 Share of 8UPPOrt and governance costs (see note 81 Support 9,474 21.265 512,731 469,049 Analysis by fund Unrestricled funds 512,731 489,049 Support costs allocated to activitles 2024 2023 Governance ¢osls 9,474 21,265 Analysed between: General charitable activities 9,474 21,265 14-
WEST YORKSHIRE MANUFACTURING SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Net movement in funds 2024 2023 The net movement in funds is staled after chaTgingllcredilingl'. Fees payable for the independent examination of Ihe charity's financial slalemenls Depreciation of owned tangible fixed asse15 Profil on disposal of tangible fixed assets 7,380 91,421 {4171 8,702 101,732 10 Trustees None of the Iruslees (or any persons connected wilh them) received any remuneration or benefits from the charity during the year. 11 Employees The average monlhSy number of employees during the yearwas: 2024 Number 2023 Number Managemenl Adminislralive Total Employmgnt Costs 2024 2023 Wages and salaries Social security costs Other pension costs 186,558 13,432 14,829 139,105 10,531 21,381 214.817 171,017 The number of employees whose annual remuneration was more than £60.000 is as lollows.. 2024 Number 2023 Number £70,001 - £80,000 Remuneration of key management personnel The remuneration of key management personnel was as follows.. 2024 2023 Ag9regale compensation 150,322 137,005 15-
WEST YORKSHIRE MANUFACTURING SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Taxation The charity is exempl from taxation on ils activities because all its income is applied for charilable purposes. 13 Tangible fixed assets Fre¢hold land and buSldlngs Plant and Flxturos and 94ulpm•nt Ilttlng$ Compulors Total Cost Al 1 April 2023 Addilions Disposals 2.303.937 799,181 630.567 37,010 3,235 3,736,900 1.505 38,515 (3,7501 {3.7501 At 31 March 2024 2,303.937 795,411 667,577 4.740 3.771,665 DepreGiatlon and impairment Al 1 April 2023 Depreciation charged in the year Elimina18d in respect of disposals 992,284 44,235 740.980 22,979 13,750) 510,367 23,398 809 2.244,440 809 91,421 (3,750) Al 31 March 2024 1.036,519 760,209 533,765 1,618 2,332,111 Carrying amount Al 31 March 2024 1,267,418 35.202 133,812 3,122 1.439,554 Al 31 March 2023 1,311,652 57,199 120,200 2,427 1,491,478 The Charity properfy had previously been used for Ifaining diredly given by the Charity. The property is now being let lo a third party Iraining provider. As the Charity is a public benefil 8nlily, the Trustees have taken lh8 decisions lo account for the property under FRS102 s16.3a. 14 Flxed asset Investments other investments Cost or valualion Al 1 April 2023 Disposals {1) Al 31 March 2024 Carrying amount Al 31 March 2024 Al 31 March 2023 16-
WEST YORKSHIRE MANUFACTURING SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Flxed asset Investments (Continued) 2024 2023 Other inveslmenls comprise.. Notes Inveslmenls in subsidiaries The investment brought forward of £1, was held in the trading company Kifkdale Business Servi¢&s Ltd. This subsidiary company was dormant and dissolved at Gompanies House on 23 May 2023. 15 Debtors 2024 2023 Amounts falllng due withln one year: Trade debtors Other debtors Prepayments and accrued income 9,998 23,770 28,381 26,969 3.103 19.626 62,149 49.698 16 Credllors: amounts falllng duo withln one year 2024 2023 Othèr taxation and social security Trade creditors Olher creditors A¢¢ruals and deferred income 8,888 23,054 35,603 7.748 20,770 52,313 10,525 75,293 83.608 17 Credltors: amounts falllng due after more than one year 2024 2023 Notss Deferred income 18 2,000 18 Defgrrèd Income 2024 2023 Other deferred income 2.000 Deferred income is included in the financial slatements as follows= 17-
WEST YORKSHIRE MANUFACTURING SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Deferred Income (Conllnued) 2024 2023 Deferred income is Included wilhin". Non-currenl liabilities 2,000 Movements in the year.. Deferred income at 1 April 2023 Released from previous periods 2,000 (2,000) 4,000 {2,000> Deferred income at 31 March 2024 2,000 19 Retirement benefit schemes 2024 2023 Deflned Contrlbutlon schomgs Charge to profit or loss in respe¢l of defined conlribulion schemes 14,829 21,381 The charily operates a defined conlribulion pension scheme for all qualifying employees. The asse15 of the scheme are held separately from those of the charily in an independently administered fund. 20 Unrestrlcted funds The unrestricted funds of the charily comprise the unexpended balance5 of donations and grants which are nol subject lo specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been sel aside out Df unreslricled funds by the trustees for specific purpose3. At 1 April 2023 Incoming resources Resources At 31 March expendod 2024 General funds 2,683.080 510,772 {513,889) 2,679,963 Prevlous ygar: At 1 April 2022 Incomlng resources Resources At 31 March oxpended 2023 General funds 2,769.058 402,992 1489,049} 2,683,001 18-
WEST YORKSHIRE MANUFACTURING SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Operating lease commitments Lessee At the reporting end dale the charity had oulslanding commitments for fulure minimum lease payments under non-cancellable operaling leases. which fall due as follows.. 2024 2023 Within one year Between two and five years 2,778 3,586 2.778 2,778 6,364 22 Related party transactlons There were no disclosable related party transactions during the year (2023 - none). 19-