OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← West Yorkshire Manufacturing Services Limited

2025-03-31-accounts

|

Charity registration number 507573 (England and Wales) Company registration number 01219838

WEST YORKSHIRE MANUFACTURING SERVICES LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

|

l

|

;

i : ,

WEST YORKSHIRE MANUFACTURING SERVICES LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

a a
Trustees AM
Denford (Chair)
G. J Short
H L Thornber
J Wright
L. T Fleming (Appointed 1 May2024)
S C Bonfield
SAGiangolini (Appointed 17April 2025)
Secretary SC Bonfield
Senior management Mark Lewis Chief Executive Officer
Charity number 507573
Company number 01219838
Registered office Kirkdale House
Armytage Road
Brighouse
WestYorkshire
HD6 10F
independent examiner BK Plus Limited
§2 St Johns Lane
Halifax
WestYorkshire
England
Hx1 2BW
Bankers Flagstone
{si Floor Clareville House
26-27 Oxendon Street
London
Lloyds Bank Pic
1st Floor (East)
10 Gresham Sireet
London
Santander UK
2 Triton Square
Regent's Place
London
NW1 3AN
Solicitors Chadwick Lawrence LLP
13 Railway Street
Huddersfield
HD11JS

==> picture [2 x 87] intentionally omitted <==

----- Start of picture text -----
:
;
----- End of picture text -----

==> picture [3 x 239] intentionally omitted <==

----- Start of picture text -----
:
;
:
----- End of picture text -----

a

|

|

|

|

WEST YORKSHIRE MANUFACTURING SERVICES LIMITED

CONTENTS

Page
Trustees' report 1-3
Independent examiner's report 4
Statement offinancial activities 5
Balancesheet 6
Notestothefinancialstatements 8-16

;

3 : | .

; :

WEST YORKSHIRE MANUFACTURING SERVICES LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS’ REPORT)

FOR THE YEAR ENDED 31 MARCH 2025 a

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2023. The trustees have adopted the provisions of 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) (effective1January 2019),

Objectives and activities

The primary objects of WYMS as set out in its governing documents, are restricted specifically, only for the public benefit.

.

To provide facilities for and undertake and assist in the provision of industrial and commercial training; and, so far as may legitimately and conveniently be done as an adjunct to the carrying out of the foregoing objects,

To provide, equip and carry on training cenires, workshops, libraries, lecture rooms or other facilities for training and education.

To provide appreciation and training courses classes and instruction of all sorts.

To provide advice and technical assistance for businesses and organisations in the carrying out by them of the training of their own employees and in the carrying out of mutual arrangements between two or more such businesses and/or organisations.

To work in conjunction with government bodies technical colleges and other educational or public authorities in the provision of industrial and commercial training or education.

The charity’s main activities during the year included:

All activities are undertaken to further the charity's purposes for the public benefit, as required by law.

Public benefit

We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

Achievements and performance

During the year, WYMS achieved several milestones:

.

The trustees are pleased with the progress made and recognise the dedication of staff, volunteers, and supporters.

-41-

| |

| : . . : , : .

WEST YORKSHIRE MANUFACTURING SERVICES LIMITED

TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Financial review

The charity's total income for the year was £594,944 with expenditure totalling £587,005 The main sources of income were rent, room hire, program delivery and investment income. Expenditure was primarily directed towards programme delivery, staff costs, and core operating expenses.

At year-end, the charity held cash reserves of £2,687,902 in line with its reserves policy, which is regularly reviewed to ensure financial stability and sustainability.

Y/E 31/3/25 Y/E 31/3/24
INCOME
EXPENDITURE
SURPLUS / (DEFICIT)		 £594,044
(£587,005)
£7,939		 £510,772
(£513,889)
(£3,117)
CAPITAL £2,687,902 £2,679,963

Reserves policy

The trustees have established a reserves policy to maintain sufficient funds to cover essential operational costs and unforeseen contingencies. The target level of reserves is reviewed annually, taking into account the charity's risk profile and future plans.

Plans for future periods Looking ahead, WYMS plans to:

The trustees remain committed to the charity's mission and will continue to work towards achieving its objectives in the coming year.

Structure, governance and management

Governing document

WYMS is a company limited by guarantee governed by its Articles of Association (the last variation of which was adopted on 4 December 2024) which outline the process for appointing trustees and managing the charity's affairs. The board of trustees meets regularly to oversee activities, monitor compliance, and ensure the charity's objectives are met. New trustees are provided with training as necessary to fultit their duties effectively. The board reviews governance arrangements annually to ensure continued good practice.

Risk management

The trustees maintain a risk register and regularly assess the principal risks facing the charity, including financial, operational, and reputational risks. Controls and mitigation strategies are in place, and the board Is committed to ensuring the ongoing resilience of the organisation.

~2-

|

: : . : | :

;

WEST YORKSHIRE MANUFACTURING SERVICES LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The trustees (who are also the directors of West Yorkshire Manufacturing Services Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to 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.

:

This-_ by the Board of Trustees on 12 November 2025 and signed on its behalf by:

AM Denford - Chair of Trustees

-3-

, :

; : ,

Ce

WEST YORKSHIRE MANUFACTURING SERVICES LIMITED

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WEST YORKSHIRE MANUFACTURING SERVICES LIMITED eee | report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2023,

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfled myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act'). In carrying out my examination i have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

:

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. | can confirm that | am qualified to undertake the examination because | am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

BK Plus Limited

.

.

52 St Johns Lane Halifax West Yorkshire HX1 2BW England

eee ~4‘

|

. :

WEST YORKSHIRE MANUFACTURING SERVICES LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

a

Unrestricted Unrestricted
funds funds
2025 2024
Notes £ £
Income and endowments from:
Donations and legacies 2 12,088 5,749
Charitable activities 3 512,239 461,098
Investments
Otherincome		 4
5		 51,764
18,853		 40,284
3,641
Total income 594,944 510,772
Expenditure on:
Raisingfunds 6 709 1,158
Charitable activities 7 586,296 512,731
Total expenditure 587,005 513,889
Netincome/(expenditure) andmovement infunds 7,939 (3,117)
Reconciliation of funds:
Fund balances at 1 April2024 2,679,963 2,683,080
Fundbalancesat31March2025 2,687,902 2,679,963

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from contlnuing activities.

The notes on pages 8 to 16 form part of these financial statements.

a . 5 .

7

| :

.

;

WEST YORKSHIRE MANUFACTURING SERVICES LIMITED

BALANCE SHEET AS AT 31 MARCH 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 13 1,385,646 1,439,554
Current assets :
Debtors 14 84,847 62,149
Cash at bank and in hand 1,306,728 1,253,553
Creditors: amountsfalling duewithin 15 1,391,575 1,315,702
one year (89,319) (75,293)
Net current assets 4,302,256 1,240,409
Total assets less current liabilities 2,687,902 2,679,963
The funds ofthe charity .
Unrestricted funds 17 2,687,902 2,679,963
2,687,902 2,679,963

The notes on pages 8 to 16 form part of these financial statements.

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476,

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financialoo statements were approved by the Board of Trustees and authorisedafor issue on ---------.(--__----and[t[t[t0dS were signed on its behalf by:

AM Dentford (Chair) Trustee

;

,

Company registration number 01219838 {England and Wales)

-6»

:

: : ;

WEST YORKSHIRE MANUFACTURING SERVICES LIMITED

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2025

==> picture [465 x 261] intentionally omitted <==

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |2025|2024| |Notes|.|£|£|£|£| |Cash|flows|from|operating|activities| |Cash|generated|from|operations|20|32,616|24,837| |Investing|activities| |Purchase|of tangible|fixed|assets|(44,539)|(38,515)| |Proceeds|from|disposal|of tangible|fixed| |assets|13,333|417| |Proceeds|from|disposal|of subsidiaries|-|1| |Investment|income|received|51,764|40,284| |Net cash|generated|from|investing|activities|20,558|2,187| |Net|cash|generated|from|financing|activities|-|-| |Net|increase|in|cash|and|cash|equivalents|53,174|27,024| |Cash|and|cash|equivalents|at|beginning|of year|1,253,553|1,227,432| |Cash|and|cash|equivalents|at end|of year|1,306,728|1,253,553|

----- End of picture text -----

The notes on pages 8 to 16 form part of these financial statements.

-7-

|

: :

;

WEST YORKSHIRE MANUFACTURING SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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 lreland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

1.1 Accounting convention

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounis in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adapted are set out below.

1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial staternents.

1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

;

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

Cash donations are recognised on receipt. Other donations are recognised ance the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

-~8-

;

; : : : :

WEST YORKSHIRE MANUFACTURING SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

4 Accounting policies

.

(Continued)

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any Impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings Straight line over50 years ,
Plantand equipment Straight line over4 /8years
Fixtures and fittings Straight line over3 years
Computers Straightlineover3years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party io the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

;

-Q-

, : :

| | |

: | :

WEST YORKSHIRE MANUFACTURING SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

eee

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument Is measured at the present value of the future payments discounted at a market rate of interest. Financial Ilabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods ar services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current ltabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received,

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Unrestricted Unrestricted
. funds funds
2025 2024
£ £
Grants 12,088 5,749
Grants
Calderdale Business Trust - 2,000
Leeds City Councit 8,338 -
Calderdale College 3,750 3,749
12,088 5,749

:

eee

-10-

:

|

;

. :

WEST YORKSHIRE MANUFACTURING SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

ee

3 Income from charitable activities

==> picture [441 x 141] intentionally omitted <==

----- Start of picture text -----
|||||| |---|---|---|---|---| |Unrestricted|Unrestricted| |funds|funds| |2025|‘2024| |£|£| |General|charitable|activities| |Room|hire|income|36,594|30,336| |Catering|income|22,173|20,707| |Course|income|100,657|84,765| |Tenancy/licence income|352,815|325,290| |512,239|461,098|

----- End of picture text -----

4 Income from investments

==> picture [465 x 226] intentionally omitted <==

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Unrestricted|Unrestricted| |funds|funds| |2025|2024| |£|£| |Interest|receivable|51,764|40,284| |5|Other|income| |,|Unrestricted|Unrestricted| |funds|funds| |2025|2024| |£|£| |Net|gain|on|disposal|of tangible fixed|assets|13,333|417| |Other|income|5,520|3,224| |18,853|3,641|

----- End of picture text -----

6 Expenditure on raising funds

==> picture [442 x 60] intentionally omitted <==

----- Start of picture text -----
|||| |---|---|---| |Unrestricted|Unrestricted| |funds|funds| |2025|2024| |£|£| |Investment management|709|1,158|

----- End of picture text -----

-11-

:

;

|

|

; :

WEST YORKSHIRE MANUFACTURING SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

7 Expenditure on charitable activities

General
charitable
activities		 General
charitable
activities
2025 2024
£ £
Direct costs
Staffcosts 203,274 214,816
Depreciation and impairment 98,446 91,421
Premises costs 70,231 51,230
Repairs and maintenance costs 27,683 21,812
Computer repairs and maintenance
Office costs		 26,833
12,951		 10,326
19,309
Motorand travel costs 1,010 582
Staffwelfare and recruitment 2,625 37
Training costs 85,215 70,788
Legal and professional fees (395) -
Advertisingandmarketing
Finance costs		 15,937
839		 3,628
379
frrecoverableVAT 21,911 16,356
Other costs 3,324 2,572
569,884 503,256
Share ofsupportand governance costs (see note 8)
Support		 16,412 9,475
586,296 512,731
Analysis byfund
Unrestricted funds 586,296 512,731
8 Support cosis allocated to activities
2025 2024
£ £
Governance costs 16,412 9,475
Analysed between:
Generalcharitableactivities 16,412 9,475

.

-12-

|

|

;

|

i

: | :

WEST YORKSHIRE MANUFACTURING SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

==> picture [468 x 94] intentionally omitted <==

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |9|Net|movement|in|funds|2025|2024| |£|£| |The|net|movement|in|funds|is|stated|after|charging/(crediting):| |Fees|payable|for the|independent examination|of the|charity's|financial| |statemenis|4,620|4,400| |Depreciation|of owned|tangible|fixed|assets|98,446|91,421| |Profit on|disposal|of tangible|fixed|assets|(13,333)|(417)|

----- End of picture text -----

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

  1. Employees

The average monthly number of employees during the year was:

==> picture [444 x 394] intentionally omitted <==

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |2025|2024| |Number|Number| |Management|1|1| |Administrative|4|4| |Total|5|5| |Employment|costs|2025|2024| |£|£| |Wages|and|salaries|180,046|186,555| |Social|security|costs|11,172|13,432| |Other|pension|costs|12,056|14,829| |203,274|214,816| |The|number of employees whose|annual|remuneration|was|more than|£60,000| |is|as|follows:| |2025|2024| |Number|Number| |£70,001|- £80,000|1|1| |Remuneration|of key|management|personnel| |The|remuneration|of key management|personnel was|as|follows:| |2025|2024| |£|£| |Aggregate|compensation|104,860|150,322|

----- End of picture text -----

-13-

|

:

7 |

;

:

|

WEST YORKSHIRE MANUFACTURING SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

13 Tangible fixed assets

|

Tangible fixed assets
Freehold land
and buildings		 Plantand
equipment		 Fixtures and
fittings		 Computers Total
£ £ £ £ £
Cost
At 1 April 2024 2,303,937 795,411 667,577 4,740 3,771,665
Additions - - 35,580 8,959 44,539
Disposals - (60,000) - - (60,000)
At 31 March2025 2,303,937 735,411 703,157 13,699 3,756,204
Depreciation and impairment
At 1 April 2024 1,036,520 760,209 §33,765 1,618 2,332,112
Depreciatlon charged in the year 44,235 23,751 28,593 1,867 98,446
Eliminated in respect ofdisposals ~ (60,000) - - (60,000)
At 31 March 2025 1,080,755 723,960 562,358 3,485 2,370,558
Carrying amount
At 31 March2025 1,223,182 11,451 140,799 10,214 1,385,646
At31March2024 1,267,418 35,202 133,812 3,122 1,439,554

The Charity property had previously been used for training directly given by the Charity. The property is now being let to a third party training provider. As the Charity is a public benefit entity, the Trustees have taken the decisions to account for the property under FRS102 s16.3a.

14 Debtors

Debtors
2025 2024
Amountsfalling due within oneyear: £ £
Trade debtors 16,154 9,998
Otherdebtors 40,413 23,770
Prepayments and accrued income 28,280 28,381
84,847 62,149

:

:

==> picture [285 x 3] intentionally omitted <==

----- Start of picture text -----
Sennen
----- End of picture text -----

.

-14-

|

.

|

.

, | : | :

WEST YORKSHIRE MANUFACTURING SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

==> picture [465 x 202] intentionally omitted <==

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |15|Creditors:|amounts|falling|due|within|one|year| |2025|2024| |£|£| |Other taxation|and|social|security|.|5,787|8,888| |Trade|creditors|29,519|23,054| |Other|creditors|45,374|35,603| |Accruals|and|deferred|income|8,639|7,748| |89,319|75,293| |16|Retirement|benefit|schemes| |2025|2024| |Defined|contribution|schemes|£|£| |Charge|to|profit or loss|in|respect|of defined|contribution|schemes|12,056|14,829|

----- End of picture text -----

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

17 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

==> picture [442 x 128] intentionally omitted <==

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |At1|April|Incoming|Resources|At|31|March| |2024|resources|expended|2025| |£|£|£|£| |General|funds|2,679,963|594,944|(587,005)|2,687|,902| |Previous|year:|At|1|April|Incoming|Resources|At|31|March| |2023|resources|expended|2024| |£|£|£|£| |General|funds|2,683,080|510,772|(513,889)|2,679,963|

----- End of picture text -----

18 Operating lease commitmenis

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

==> picture [443 x 51] intentionally omitted <==

----- Start of picture text -----
|||||| |---|---|---|---|---| |2025|2024| |£|£| |Within|one|year|2,760|2,778|

----- End of picture text -----

-15-

|

E

WEST YORKSHIRE MANUFACTURING SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

eee

19 Related party transactions

There were no disclosable related party transactions during the year (2024 - nane).

==> picture [470 x 226] intentionally omitted <==

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |20|Cash generated from|operations|2025|2024| |£|£| |Surplus/(deficit)|for the year|7,939|(3,117)| |Adjustments|for:| |Investment|income|recognised|in statement of financial|activities|(51,764)|(40,284)| |Gain on|disposal of tangible fixed assets|(13,333)|(417)| |Depreciation|and|impairment of tangible fixed|assets|98,446|91,421| |Movements|in working|capital:| |(Increase)|in debtors|(22,698)|(12,451)| |Increase/(decrease)|in|creditors|14,026|(8,315)| |(Decrease)|in deferred|income|-|(2,000)| |Cash generated from|operations|32,616|24,837| |21‘|Analysis|of changes|in|net funds|

----- End of picture text -----

The charity had no material debt during the year.

eee

~16-

| 7 |

; ; : - . :

Kirkdale House Armytage Road Brighouse West Yorkshire HD6 1QF

BK Plus Ltd 52 St Johns Lane Halifax West Yorkshire HX1 2BW

The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with your independent examination of the charity’s financial statements for the year ended 31/03/2025. These enquiries have included inspection of supporting documentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following representations. All representations are made to the best of our knowledge and belief.

—

  1. All the transactions undertaken by the charity have been properly reflected and recorded in the accounting records.

4, All the accounting records have been made available to you for the purpose of your independent examination. We have provided you with unrestricted access to all appropriate persons within the charity, and with all other records and related information requested, including minutes of all management and trustee meetings and correspondence with The Charity Commission.

  1. The financial statements are free of material misstatements, including omissions.

  2. The effects of uncorrected misstatements are immaterial both individually and in total.

Assets and liabilities

  1. The charity has satisfactory title to all assets and there are no liens or encumbrances on the charity’s assets, except for those that are disclosed in the notes to the financial statements.

  2. All actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or disclosed as appropriate.

  3. We have no plans or intentions that may materially alter the carrying value and, where relevant, the fair value measurements or classification of assets and liabilities reflected in the financial statements.

Accounting estimates

  1. The methods, data and significant assumptions used by us in making accounting estimates, and their related disclosures, are appropriate to achieve recognition, measurement and disclosure that is reasonable in the context of the applicable financial reporting framework.

.

| : i

Loans and arrangements

  1. The charitable company has not granted any advances or credits to, or made guarantees on behalf of, directors other than those disclosed in the financial statements.

Legal claims

  1. We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for and disclosed in the financial statements.

Laws and regulations

  1. We have disclosed to you all known instances of non-compliance or suspected non-compliance with laws and regulations whose effects should be considered when preparing the financial statements.

Related parties

  1. Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with legislative and accounting standards requirements.

Subsequent events

  1. All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed.

Going concern

  1. We believe that the charity's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charity's needs. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the charity's ability to continue as a going concern need to be made in the financial statements.

: : :

i

Grants and donations

  1. All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income.

Yours faithfully,

AM Denford (Chair) Signed on behalf of the board of trustees

Dated

|

: