WEST OLDHAM TRUST

Company limited by guarantee

Company Registration Number:
07006913 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

WEST OLDHAM TRUST

Contents of the Financial Statements

for the Period Ended 31 August 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

WEST OLDHAM TRUST

Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 59,101 63,853
Cost of sales: ( 27,176 ) ( 29,626 )
Gross profit(or loss): 31,925 34,227
Distribution costs: 0 0
Administrative expenses: 0 0
Other operating income: 0 0
Operating profit(or loss): 31,925 34,227
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 31,925 34,227
Tax: 0 0
Profit(or loss) for the financial year: 31,925 34,227

WEST OLDHAM TRUST

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 8,188 9,483
Investments:   0 0
Total fixed assets: 8,188 9,483
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 160,122 127,112
Investments:   0 0
Total current assets: 160,122 127,112
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 1,480 ) ( 1,690 )
Net current assets (liabilities): 158,642 125,422
Total assets less current liabilities: 166,830 134,905
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 166,830 134,905
Members' funds
Profit and loss account: 166,830 134,905
Total members' funds: 166,830 134,905

The notes form part of these financial statements

WEST OLDHAM TRUST

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 15 May 2025
and signed on behalf of the board by:

Name: Vicki Sainsbury
Status: Director

The notes form part of these financial statements

WEST OLDHAM TRUST

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 10% on cost The company carries tangible fixed assets in the balance sheet using the depreciated historic cost method.

    Other accounting policies

    ACCOUNTING POLICIES Basis of preparing the financial statements These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standardapplicable in the UK and Republic of Ireland' and the Charities SORP (FRS 102) as well as the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income Pitch rental is recognised once an activity has taken place. Prior to the booking, monies received are recognisedas deferred income until the contractual obligations to the customer have been fulfilled. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing thecharity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement andthe amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis andhas been classified under headings that aggregate all cost related to the category. Where costs cannot bedirectly attributed to particular headings they have been allocated to activities on a basis consistent withthe useof resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 10% on cost The company carries tangible fixed assets in the balance sheet using the depreciated historic cost method. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictionsarise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Financial instruments Financial Instruments are classified and accounted for according to the substance of the transaction as either afinancial asset, liability or equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after all liabilities have been deducted. Cash at bank is classified as a basic financial instrument and is measured at face value. Creditors and accruals are financial instruments and are measured at amortised cost.

WEST OLDHAM TRUST

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

WEST OLDHAM TRUST

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 12,953 12,953
Additions 0 0
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 31 August 2024 12,953 12,953
Depreciation
At 1 September 2023 3,470 3,470
Charge for year 1,295 1,295
On disposals 0 0
Other adjustments 0 0
At 31 August 2024 4,765 4,765
Net book value
At 31 August 2024 8,188 8,188
At 31 August 2023 9,483 9,483

WEST OLDHAM TRUST

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 965 917
Other creditors 515 773
Total 1,480 1,690