REGIsTED COMPANY NUMBER., 03491707 (England and WAles) REGISTEREI D CHARITY IYI'MBER: 1070198 REPORT OF THE I'RUSTEES AND UNAUDITED fiNANCIAL STATEMENTS fiOR THE YEAR ENDED 31 MARCH 2024 FOR HILLCREST COMMUNII'Y PARTNERSHIP Xeinadin 2 Uppertoii Gardens EastErf)urne East Siissex BN212AII
HILLCREST COMMUNIIY PARTNERSHIP CONTINTS ofi TIIE rtINATr4CIAL STATEMENTS riOR THEI YEI AR £1 NDED 31 MARCH 2024 Page Referenc¢ and AdmlDlstr#tive Detal Report ofthe Truste¢5 2 to 3 Independcllt Ei y4nJiner'$ Report StRtement of finAncinl Activities Ilnknllee Sheet 6 to 7 Note$ to th¢ fiinanclal Statements 8 10 13 DctAiled Statement of Flllaiicll Actlvlties 14 10 15
HILLCREST COMMUNITY PARTNERSHtp REI FERENCE AND ADMINISTRATIVE DEITAILS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTII ES Ms K M Parkinson Chaityerson (resigned 191512023) M5 H McLean. Knight (resigned 2718J2024) B Hitchen (resigned 21512023) Ms D Verschuren Chair (resigned 2519r2023) Ms L Lower Trustee (Signed 2718f2024) G McQiieen (apEK)inted 151912023) (resigned 2718r2024) Ms S J Curnwk (appointed 3011012024) W J Gil£s (aprA)inted 271812024) P Nolyi) (app)inled 2511012024) Ms M Siiinley (appointed 3IY1012024) A BIAiin (Tesiglled 2911012024) Ms E Jordan (resigned 191512023) Ms S R Liicas (resigned 26/912024) Ms P B Woolven (apy)inted 2712024) COMPANY SEI CRETARY K RAlderton REGisfERED ofiFICE Hillcrest Community Centre Bay VIR Road Newlinven East Susscx BN9 9LII REGISTERED COMPANY NUMLIER 03491707 (Ensland and Wales) REGISTERED CHARITY NUMBER 10701911 INDEPENDENT EXAMINER Xelli1n 2 Upperlon Gardens Bastr()iime East 8Li&sex BN212AFI Pag¢ I
HILLCREST Com(UNITy PARTNERSHIP (REI GisfiRED IqUMBER: 03491707) REPORT ofi THE TRUSTEE( S riOR THE YEAR NDED 31 MARCH 2024 The tNstees who are also directors of the dwrity for the purposes of Ihe Compnies Aci 2006, present their retK)rt with Ihe financial statements of the ch&rity for the year ended 31 March 2024. The tn]stees have adopted lh¢ provisions of AccoL)nling and Rewiting by Charilies: Siatement of Recnmended Practice applicable to charities pieparing their 8ccounls in aceordance with the financial Reporting Standard applicable in tbe UK and Republic of Iland (FRS 102) (effective l January 2019). FINANCIAL VI1 W The accounls show a net deficit of £54,349. At tFLe balance shee¢ date, the net assds ofthe charity amount tn £571,385 including Cash at bAnk and in hal of £100,334. The fi)iancial policy ss to ensure scale charges aTe sufficient to generate erM)ugh income io meet the rutming co8ls of ihe centr¢ without reliance sin8le grants. The tnjstees have Tevi¢wed the major busines5 and Operati)01 risks facing the charity. The strategy and ope¥ation81 plans take account of V411 issue5 $0 as to ensure the ¢ontinued opcralion of the Community Centre. 'Th¢ trustees. policy on reserves is to ensure that the charity's reserves are maintained at levels lo ensure IoiJ8 term viability of the Community Centre. Tlie Irusle¢s consider the level of rasmies at 31 March 2024 to be sufficient but al'e thlly aware of Ihe diificult d)ollenges ahead in the ¢uff¢nt ¢¢onomic climate. This i'eport has beeii prepared in accoi'dance with the special provisions of Part 15 of the Companics Act 2006, relal?n8 tu sm811 companies. The tNslees (who are also th¢ directors of Hillcrest Communily Partnership for the purposes of MpanY law) are i'esponsible foi. preparing Ihe financial slalemenls in accordaiice wilh Ihe United Kingdom Accounling Staiidards (United Kingdom Generally Accepted Acwunting Practice) 111)d applicable law and regulHlions. Company law ttquires the Iruslees to prepare financial slalemei)Is for ea¢h finan¢i81 year. Under comwiy law the tDJstees must not approve lh¢ financial sialemenls unless they are satisfied that ihey givc a true and fair view of tlie slate of affairs ofihe charitable company and of ils incorning Itsources and application of resources, including its income and expendibjre, forthat period. In preparing thGse fiii8ncial statement4 the tntstew are required to.. • Select suitable a¢¢ounting policies and apply them consistei)Ily' • observe the methods and principles in the Charities SORP. • make judgements and estimates that 8r¢ reasonable and prud)1. i state whether applicable UK Accounting Slandards have been followed, subject to any material departures disclosed and explained in the financial statements. and ' prepar¢ the financial statements on the goins concern basis lili1& it is in8ppropriate to presume that the charilable compaiiy will continue in business. The trnSte are responsible for keepin8 adequate accounting records that .¢ sufficient to show and explain the chatilable company's Iransactions and dis¢lose wilh reasonable accuracy Jt Bny lime the financial wsition ofthe charitable company and enable them ¢0 eL)sure that the financial slalernents comply with the Cornpanies Act 2006. They are also responsible for safeguarding the assets ofihe cliarilable ComrnY and h¢nce for taking reasonable step5 for th¢ prevention and deteclion of fraud and other irregiilarili&s. STRucfuRE, GOVERNANCEt AND MANAGEMENT Governillg doeuiiient The charity is controlled by its goveming docuuKnl. a de of tt, and cortstitutes a limited comp8ny, limited by guarantee, Hs defined by tlie Companies Act 2006. Page 2
HILLCIiESI' COMMUNII'Y PARTNIRSHIP (REGISTIREI l) NUMBER: 03491707) REPORT OF THE I'RUSTEI S FOR TEIE YEAR EfiDID 31 MARCH 21124 Cliarlty Constitutlon The charity is litnited by share capital, in¢orporated in. The address of its registered office is: Hillcre51 Community Cenli'e Bay Vue Road Newhaven East Sussex BN9 9LFI The pi'incipal place of busiiiess is: Hillcresl Community Centre Bay Vue Road Newhaven ast Sussex BN9 9LH Approved by ord¢r of the board of Itee$ on 12th December 2024 and Signed on ils belthlf by: P 0J4j Page 3
INDEPENDEN'f EXAMINER'S REPORT TO THE, TRUS"I"Elt s or HILLCl ST COMMUNITY PARTNERSHIP (REGisfE¢ RED NUMBER: 0349171b7) INDEIl)[INDFNT EXAMIIYER'S REIPORT TO THL TRUSTEES OF HILLCREST COMMUNITY PARTNEI RSHIP (REI GISTERED F41JMBER: 03491707 ) Independent examinels Teport lo the trustees ofFlillcrest Cominiinity Partnership Cthe Company,) We report to th¢ challty trust8 on my examination of th¢ accoui)ts ofihe ComparLy for the year ended 3 1 MaT¢h 2024. liesponsibilities and basis of report As ihe eharity's Irust¢es of th¢ Company (and also its directors for the pury)s¢s of company law) you are resrA)nsible for the pr¢paration of the accounts in accordance with the reqUIneI.8 of the Companies Act 20 ('the 2006 Act,). Flaving satisfied out3elves Ih&t the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. we rewjrt in respect of our examination of your eharity'5 accounts as carried out under Section 145 of the Charities Act 2011 ('Ilie 2011 Act')- In caTryillS Out our examination we have followed the Dire¢lions given by the Charity Commission wider Section 145(5) (b) of the 2011 Act. We confiirn that no maltPA3 have come to our attention in coniicclion with the ¢xamin8lion giving us asOnable eause to believe that in any n)aterial rGspecl: . accounting re¢or&8 were not kq)t 17) respect of the Compaiiy as required by Section 386 of the 2006 ACL. or 2. the accounts do rK)t accord willi diose records-, or 3. the accounts do not comply with the accoiintin8 requiremail8 of Seclion 396 of Il)e 2006 Acl other than any requirement that tkle account& give a true and fair view whicli 18 nol 8 matter considered as part of Sn independent examination. and 4. the accounts have not been pr¢p&Ed in accordancewiih the mhOdS and principlu ofthe Statement of Recommended Practice for aceounting and reporting by charilieg {applicabl¢ to ch8rities preparing th¢ir accounts in accordance with the FinaThcial Reporting Standard applicable in the UK and Republic of ]land (F 102)). We confitm that thcre are no other mattcrs lo which your altailion slKJuld be drnwn to enable a Fyoper understanding of the a¢counts to be reached. Xeinadin Xeinadin 2 Upperlon Gardens Eastboume East SLIS5ex BN212AH Pag¢ 4
HILLCl sr COMMUNITY PAHTNLRSHIP STATEMENT or HNANCIAL AcfiviTIF riOR THE YEAR NDED 31 MARCH 2024 2024 2023 Total nds Unreslricted fi]nd Not&s INCOME AND ENDOWMENTS FROM Donations and legacies 43,832 33,851 466 108,753 345 88.982 Othd. tradin8 activities Other income 153.051 123.178 Total EXPENDITURE ON Raising funds 146,260 202,368 Ch4ritable Acuvitles General 5,032 2.164 207,400 148,424 Tot#1 NEI T INCOMEI{EXPlI NDITURE) (54,349) (25,246) RFCONCILIATION OF fi UiYDS Total funds brought fotwird 625,734 650,980 TOTAL fiUNDS CARRIED foRWARD 571,385 625,734 The notes fom) part of financial ststemenls Page S
HILLCREST COMMUNITY PIlRTNEiISHtp srATCMENT or rilNANC.IAL ACTIVITIES riOR TIIE YEAR LPIDE< D 31 MARCH 2024 2024 Unrestricted nd 2023 Total nds Noles INCOME AP4D II NDOWMENTS FROM Donalions and le8aci&% 43,832 33,851 466 108,753 345 88,982 other trading activiti Other income 153,051 123,178 Tollll EXPEI NDITURf, ON Raising fvnds 146,260 202,368 Chmrltllblc aetlvitles Genei'al 5,032 2,164 207,4Crf) 148,424 Tot81 NII T INCOMEI(fXPENDITURE) (54,349) (25,246) RECONCILIATION OTr fiUNDS Tot&1 funds brought fOrw.d 625,734 650,980 T(yfAL FU]YDS CARRIED FORWARD 571,385 623,734 The notes fomi part of these fin8ncial ststanenls Page 5
HILLCRCI gr COMMUNITY PARTE4LRSHtP OiEGisfERf¥D TrIUMBEI IL. 03491707) BAI.ANCE SHII ET 31 NL4RCH 2024 2024 2023 rotal runds Unrestricted fund Notes FIXED ASSETS Tangible assets 464,829 482,480 CIJRREI T4T ASSETS Debtors C&8h at bank and in hand 15.248 100,334 19,879 129,035 115.582 148,914 CREDITORS Amounts falling due withirt one year (9,026) (5,660) NET CURRENT ASSETS 106,556 143,254 I'OTAL ASSEfTS LESS CURRENT LIABILITIEI S 571,385 625,734 ]YET ASSLITS 571,385 625,734 io Unrestricted ndS 571,385 625,734 TOTAL FUNDS 571,385 625,734 The charilable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for th¢ yew. ended 31 March 2024. The members have not required the company to oblaii) ali audit of its financial statemeDts for the year ended 31 March 2024 in accordan¢¢ with Section 476 of the Compaiiies Act 2006. The trustees acknowled8e their responsibililies for (a) ensuring that the ¢hxrilable company keeps 8ccouiilin8 rewrd8 that comply with Sections 386 and 387 of the Compani¢s Act 2006 and preparing finencial slalemerils which Eive a true and fair view of ihe stste of affaitB of the charitable company as at the end of each fmancial year and of its surplus or deficit for each financial year in accordance with Ihe requirements of Sections 394 and 395 and which oil)eJwise comply wilh Ihe requirement5 of the Companies Act 2006 relatiiig to fiiiancial 51alemenls, so far as applicable lo the eharilable MPanY. (b) The notu fomi part of ihe5e fiTiancial stslemenls Page 6 eontinued...
HILLCREST COMMUNITY PARTNERSHIP (RECISTF.Rf.D NUMBKR: 03491707) BALANCC SHEET- eontinued 31 MARCH 2024 These fu)ancial sl&tements have been prepared in accordance wilh ihe provisions applicable to charitsble eompaiiies siibjeet to the small compaiiies regime. Tbe financial statements wer¢ approved by the Board of Tw51ew and authorised for issu¢ on 12th December 2024 and V4eYe signed on it5 behalf by: rfJ.i.- tyio p WJGil&s- rust¢e lkne not¢s fomi part of Iliese financial st81ements Pagc 7
HILLCRES'f COMMUNITY PARTNERSHIP T40TlI S TO THE FINANCIAL STATE11 NTS roR THE YFAR ENDED 31 MARCH 2024 ACCOUNTING POLICIEI S IJ*sis of preparing the finJnciRI st¥4temeDts Hillcrest Cominunity Partnership meets the definitioi) of a public benefit entity under FRS 102. Assets and liabilities are initially reoognised at historical cost or Iransaction v&lue unless oth¢rwise stated in the relevant ac¢ounting tK)licy notes. Income All inconie is recognised in ihe Statement of Financial Aclivities once Ihe charity has enlitlement to the tunds, it is probable tbat the incomewill be received and ihe aInlDt (%n be measured reliably. % XP¢Dditurc Liabilities are recognised ag expendire as soon as Il)eTe is a legal or conslructive obligation committing the charity lo thaL expenditur< il is probable thai a transfer ol economic benefits will be required in settlement and the amount of the obli8ation can be meawred reliably. fxpenditure is accounted for on an accruals basis and has been olassified under hrddings thp¢t aggreg&te all c05l relaid io the caiegory. Where costs cannot be directly attributed to particular headings they have been 011ocHled to activitie5 on a basis con$istent with the use of resoiirces. Tnnglble Ilxcd agsels Depreciation is ptrivided at the followin8 annual ratc4 in order io write off each assel over its ¢gtimated useful life. ImpDvements to FrtY Plant and machin¢ry FIxr¢S and fittings Lndividuul fixed assets are initially recorded at cost. le48 any subsequent accumulato depreciolion and subseguenl a¢cumulated impairn]•)I loqse5. IO% on reducii)g balance 25 % on rediiciiig balance 20% on rvjuciiig balance TaxAtlon The charity is exempt rM corporation tax on its charilHble &ctiviti&s. riund fi¢eountlD£ Unreslrictcd fvnds can be used in accordance with Ilie charil&ble objectives at the discretion of the lrn$iee8. Restricted funds can only be used for pthicular resiricled PUTpOs wilhiTh the obje¢ts of the charity. Restri¢tiong arise when specified by the donor or when fvnds 8r¢ raised for parti¢ular restricted purposes. Further expl8n8tion of the n8tur¢ ond puryse of eacli fiiiid is included in the note5 to the financiaj statements. Resejyeb development ' Expenditure on research and developm1 is written OIT in the y¢8r in which it is incutted. Forelgn eiirreneleg Assets and liabililies in foreign currencie5 are IrdiisIHled inio sterling ai tl)e rdtes of exchange ling at the balance sheet date. Trdnsaclions in foreign currencies are translated into gterling at the rdte of exchange ruling at tlle date of transaction. Exchange diff'¢nee$ are ke into accounl in arriving at Ihe operating r&8ult. Hlre piirchase thnd leasing eommltments Rentals paid under operatin8 leases arc chaTged to Il)e Statement of Financial Activities on a straight lin¢ basis over the p¢riod olthe lease. Pension ¢ostS l)Dd other post-r¢tirement ben¢fl15 The chasitable company operates a defiued conli'ibiiti(yn lS1on schenie. Contributions payable to th¢ charitable company's pension schane aTr charged to Ilie Slate[Dt of FInclaI Activities in the period to which they iElate. Page X conlinued..-
HILLcR COMMUNI'fY PARTNERSHIP NOTES TO THEI filNANCtAL STATEMEI NTS- continuul r4OR THE YEI AR ENDED 31 MARCH 2024 OTHER TRADING ACTIVITIES 2024 Unrestricted funds 2023 Total 466 345 Fundraising events RAiSc. fiUNDS Illveslment mJnag¢ment costs 2024 UnKstricted fun(t8 2023 Total fjjnds 852 18,337 (1,206) 27,920 Siibsciiptions and Lieences PrortY repairs 19,189 26,714 NEI T INCOMfl(tXPEI NDITURE) Net incomel(expenditure) is slated after charging1(¢dIll[Ig). 2024 2023 D¢preciation- owned gssets Hire of p18nt and machinery 18,169 467 19,804 473 TRUSTEE¢ Sl REMUNERATION AND BENLI Fl'l's There were no trust, remuneration or other bcn¢fi18 lor th¢ year ended 31 2024 Ir for th¢ year ended 3 l March 2023. Trustse5' expenses Th¢re were no lntees, expenses paid for ihe year eiicleil 31 March 2024 nor for the year ended 31 March 2023. COMPAIiATIVES foR THE STAJ'EI lYT or riNANCIAL ACTIVITIES Unrestricted fund INCOMEI AND F.NDOwNrS FROM Donations and legacies 33.851 345 88,982 Other tradin8 activitias Othw income 123,178 Total EXPENDITURE ON Raising funds 146,260 Charitable aetivlties General 2,164 P8ge 9 conlinued...
HILLCREST COMMUNrrY PARTNERSHIP NOTES TO THE II"INANCIAL STATEMENTS - Conlinueil riOR THE% Y[I ARII NDED 31 MARCH 2024 COMPARATIVES FOR THE STAI'EMENT OF fiNANCIAL AcfiviTIES- eontinucd Unrestricted nd 148.424 Total Tr4EIT INCOMEI(EXPENDITURE) (25,246) IiECONCILIATION OF FUNDS 'rotal thnds brought forw8rd 650,980 TOTAL FUNDS CARRIED FORWARD 025,734 TANGIBLE f1 D ASSCTS Iiiiprovements Fixtures and rittings Plant and madiinery priiperty Totals COST At l April 2023 Additions 843,863 518 715,232 19,919 127 108.712 391 109,103 844,381 At 31 March 2024 715.232 20,046 Dll PRECIATION At l April 2023 Ch8rge for year 95,464 2,721 361,383 18,169 252.717 13.752 13,202 1,696 98,185 379,552 Ac 31 March 2024 2CJ6,469 14,898 NEI'f BOOK VALUE At 3l March 2024 464,829 448.763 5,148 10,918 13,248 482,480 At 31 March 2023 4CI2.515 6.717 DEBTORS 2024 2023 Amounts falling due within oney¢ar. Trade debtors other debtor5 VAT Prepayments 14.941 150 7.200 150 1,061 153 157 15,248 8,564 P&ge I continued..
HILLCREST COMMUNITY PARTNERSHIP NOTLI S TO IHE FINANcL STATFMENTS- eontinueil FOR TJ4J£ AR ENDED 31 MARCH 2024 DEIITORS- eontlDued 2024 2023 Amoiints falling due alier more Ihan one year: Amounts owed by participating inteKsts 11,315 11.315 15,248 19,879 Aggregate anv)unts CREDITOIIS: AMOUNTS FALLING DUE WITIIIN ONE YEAR 2024 2023 4,309 3,499 1218 4.776 'ri'ade credilors VAT Other creditors Accrued expenses 164 720 9,026 5,660 io. MOVEMf4NT IN fuNDS Nd movement in fvnds At 3113124 Al 114r23 Unrestrlcted funds General fvnd 371,385 625,734 {54,349) 571,385 TOTAL FUNDS 625,734 (54,349) Net movement in fund8, included in the alve are a% fiillTrws: Incoming .Resoui¢es resources expended Movement in funds Unrestrlcted funds General fund 153,051 (207,400) (54,349) TOTAL fuNDS 153,051 (207.400) (54,349) Pagell continued..
HILLCREST COMMUNrrY PARTNERSIIIP NOTFS TO THE FINANCIAL STATEMENTS- continu7 FOR THE% YEAR Lf4DED 31 MARCH 2024 MOVEMENT IN FUNDS- eontinued io. CompArAtlv¢s for movement Ill funds Net movem¢nt in futtds At 3 113123 Ai 114r22 Unrestricted funds General fjjnd 650,980 (25.246) 625,734 TOTAL FUNDS 650,980 (25.246) 625,734 Comparntive net movement in funds. included in Ilie AVe are as follows: Incoming resources Resources expended Movemcnt in ndS Unrutrieted thnds General fund . (25246) 123,178 (148,424) (148,424) (25,246) TiyfAL fiUNDS 123,178 A CUeTht yeai. 12 months and prior year 12 months c<Niil)ined py)sition is as follows: Net movement in fuiids At 3113124 At 114n2 UDrestrlcted funds Genernl fund 650,980 (79,595) 571 J85 571,385 TOTAL FUNDS 650,980 (79,595) A current ye8r 12 months and prior year 12 nK)nih8 ct7mbined net movement IA fvnd$, included ift the above are as follows.. Incomin8 resourc Resou expended Movement in fvnds Unrestrlcted Ilinds General fund (79,595) 276.229 (353,824) TOTAL 17UNDS 276,229 (355,824) (79,595) conlinued...
HII.LCIiEST COMMUNITY PARTNERSHIP NOTEI S TO THE FINANCIAL STATbMENfs- continw¢ ' FOR THE YEAR EI NDED 31 MARCI12024 RELATEI D PARTY DISCLOSURES Both past ond present Trustees ate tenants of the Cli . commercial rates as tliey would be for unrelated partie," ii. . In 811 case5 rents and service charges are at nomal Individual Trustees do not participate in diseussi(Mi tenan¢y witli whi¢h ihey are connected. 'lie. specifi¢ rentals and service charges related to any Pav
HILLCRLST COMMUNITY PARTNIRSHIP DETAILCI D STATIMENT ofi fANCIAL ACTIVITII.. IOR T1{ YE* AR Ef4DED 31 MARCH 21124 2024 2023 INCOMI AND ENDOWMCI NTS DOntIonS and legael Donations Gi'ants Subgeriptions 23,005 20,695 132 17,339 16,500 12 43.832 33,851 Other tYAding aetivltics Fundraising events 466 34S other income Rental income Photography incom¢ Other In¢orne 91,999 388 16.366 79,115 210 9,657 108,753 88,982 123.178 Total Incomlng resoiirces 153,051 EXPENDITURE Raislng doDRtlons And legftci¢s Rale8 and water Insurance Light 8nd h¢at Telephone Postage and statiorAery Cafe costs Cleanin8 Accountancy fees Legal and pffifessional fees Charitable donations TrAining Costs Expenses recharged to clients Health & Safety Fi'ethold property Plant and macl)inery Fixlure5 and fittings 11,987 6,793 28,658 1,426 4,061 10,345 2,866 7,123 248 8,647 6.475 12,328 1,094 3,070 2,625 4,500 ]J80 63 168 7,201 450 15,129 1,915 2,761 6,834 12,449 935 13,752 1,695 2.721 111,893 67,806 other trAdlng aetlvltles Wages Soci81 security Pensions Hire of plant and machinery 69,946 51,759 (1,317) 825 473 873 467 71,286 51,740 This pagedoes not forni prtofili, '.Ilory fmancip41 statements Pac.
HILLCREST COMMUNI'fY PARI'NERSHIP DE<TAILED STATF.METrrf OF fANcIAL ACTIVITI riOR THE Y£< AR INDED 31 MARCII 2024 2024 2023 Other trAdiDg aetivitles InvLgtm¢nt maDagtment eosts Siibscriplions and Licences Property repairs 852 18.337 (1,206) 27.920 19.189 26,714 Charitublt actlvltl¢s Staff welfare 1.333 150 Support costs MAnAgement Advertisin8 Sundri¢s 1,408 1,429 89 1.215 2,837 1.304 Fln&n¢¢ Bank charg&8 122 130 other IT Consumable & Software 740 580 Total resourc¢s expended 207,400 148,424 {54.349) (25,246) Net exp¢ndlthr¢ This page does not form ofil. IIFilory financial statements