Registered Charity No: 1077457 Registered Company No: 03762641 (England and Wales)
REPORT AND ACCOUNTS
for the year ended 31st March, 2021
for
Honicknowle Commnet Limited
(A Company Limited by Guarantee)
Honicknowle Commnet Limited
(A Company Limited by Guarantee)
INDEX TO THE FINANCIAL STATEMENTS
for the year ended 31st March, 2021
| Page | |
|---|---|
| Legal and Administrative Information | 2 |
| Report of the Trustees | 3-4 |
| Accountant's Report to the Trustees | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes Forming Part of the Financial Statements | 8 to 13 |
| Detailed Statement of Financial Activities | 14 and 15 |
| (including an Income and Expenditure Account) |
Page 1
(A Company Limited by Guarantee)
Honicknowle Commnet Limited
Legal and Administrative Information
| Charity Number | 1077457 | ||
|---|---|---|---|
| Company Registration Number | 3762641 | ||
| Secretary: | Josephine Bussell | ||
| Directors/Trustees: | Angela Carthy | Chair | |
| Tony Millar | Vice Chair | Resigned Oct 20 | |
| Alison Richardson | Treasurer | ||
| Josephine Bussell | Secretary | ||
| Cllr. Pam Buchan | |||
| PCSO Kate Stanley | |||
| Laura Hacker | Resigned Oct 20 | ||
| Registered Office: | Honicknowle Green | ||
| Plymouth | |||
| PL5 3PX | |||
| Accountants: | Vickery Accounting Services | ||
| Patto Owriak, Allen | Park | ||
| St. Kew Highway | |||
| Bodmin | |||
| Cornwall | |||
| PL30 3AR | |||
| Bankers: | Barclays Bank PLC | ||
| 50 Cornwall Street | |||
| Plymouth | |||
| PL1 1LU |
Page 2
Honicknowle Commnet Limited
REPORT OF THE TRUSTEES (incorporating the directors' report)
for the year ended 31st March, 2021
The trustees present their annual report along with the financial statements for the year ended 31st March, 2021. The trustees, who are also directors for the purposes of company law and who served during the year and up to the date of this report are set out on page 1.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
Memorandum and Articles of Association incorporated 29th April 1999 as amended by special resolutions dated 23rd August 1999, 26th June 2000 and 8th April 2006.
Recruitment and Training of Trustees
The members shall carry out the election of the officers and committee members at the Annual General Meeting. Nominations shall be made in writing and delivered to the secretary. Each nomination must be proposed and seconded by a voting member of the Association and accompanied by the written consent of the nominee.
New Trustees are inducted into the workings of the Charity during meetings held on a monthly basis.
Organisational Management
Overall responsibility for the management of the Charity is vested in the Trustees. The management of the association shall be invested in a committee consisting of members as described on page 1.
RISK MANAGEMENT
The trustees are responsible for the management of the risks faced by the Charity. Therefore, the trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established that monitor and control these risks to lessen/avoid the possible impact these could have in the future.
The key controls used by the Charity include:
a) Formal agendas for all committee and Board meetings
b) Comprehensive strategic planning, budgeting and management accounting
c) Established organisational structure and lines of reporting
d) Clear authorisation and approval levels
The Trustees recognise, however, that these systems can only provide reasonable, not absolute assurance that major risks have been adequately managed.
Reserves Policy
Honicknowle Commnet Ltd is currently dependent on successful funding bids to sustain its charitable activities, as earned income alone would not allow the charity to continue operating. This means that if there were to be a gap in the charity’s funding sources it is likely that the charity would have to close down.
To avoid closure if funding difficulties were to happen the Board of Honicknowle Commnet Ltd has agreed to keep a certain level of financial reserves to ensure that main operations can continue for a period of 3 months.
The main concerns of the Board are to ensure:
That staff can continue working, primarily to secure new funding, That members/service users are supported to move on to other services.
It is thought that reserves of £15,000 would be needed to continue running for at least three months.
These reserves have been built up from unrestricted income. The level of reserves will be reviewed every six months and the policy reviewed annually.
OBJECTIVES AND ACTIVITIES
The objectives of the charity in the year under review were:
a) The relief of persons resident in the City of Plymouth with a particular regard to Honicknowle and the surrounding areas who are in condition of need, hardship and distress.
b) The advancement of education (including pre-school) of persons resident in Honicknowle and the surrounding areas.
c) Providing or assisting in the provision of facilities for recreation and other leisure time occupation for the inhabitants of Honicknowle and the surrounding areas in the interest of social welfare with the objects of improving conditions of life for the said inhabitants. d) Any charitable purpose for the general benefit of the inhabitants of Honicknowle and the surrounding areas.
Page 3
Honicknowle Commnet Limited
REPORT OF THE TRUSTEES (incorporating the directors' report)
for the year ended 31st March, 2021
ACHIEVEMENTS AND PERFORMANCE
Honicknowle Commnet Ltd is now approaching its 23rd year of working in and closely with the local community. Our success has been built on our passion and commitment for making sure that all services we offer are community led with a focus on delivering services which provide opportunities for both social and personal development for all service users. We use a wide variety of delivery methods including one- one support, group work, consultation and peer research. All of our provision is identified by local people, therefore it is service user led. This enables us to channel resources to meet those needs in the most appropriate way. Our focus has been based on delivering projects and supporting local people alongside fundraising to ensure that we can continue to provide this very much needed service.
Our Youth Work provision for young people aged between 10- 25 years is delivered in line with Plymouth City Council’s Youth Service Curriculum Framework, in Every Childs Matters Outcomes and the Hear by Right Standards.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The directors are responsible for preparing the Annual Report and financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements, the directors are required to:
-select suitable accounting policies and then apply them consistently;
-make judgements and estimates that are reasonable and prudent;
-prepare the accounts on the going concern basis, unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the small companies regime of the Companies Act 2006.
a) For the period ended 31/03/21 the company was entitled to exemption under section 477 of the Companies Act 2006.
b) The Members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
Signed by order of the directors:
……………………………………. Signed Director
……………………………………. Print Name
Dated:…………………………….
Page 4
AEPORT OF THE EXTERNAL EXAMINER TO THE DIRECTORS OF Htsni¢kntswl• Commnet Limited ON THE ACCOUNTS FOR THE YEAR ENDED JIST RcH, 2021 tl¥• r•8 n8lbllltl•• of dlroctor8 and th• external •xamlner A8dewbwl on pa9e 3, the (x)mpanys dir&tors are resronsib for the preparat of finanoal stslemwts 11 Is ffly re5wn51tr1ty to statewhether. as a result of rny examinatyon procedures, partular matters have come 10 my attenti. ¥R8 My examination w8s card out in xcordèncewith the genetal direcbon5 given by the Companies Act 2LNJ6 An &xaminatw)n includes a review of Ihe a¢xounting records kept by the cryhpsny a compari50n oflhe accowts presented with those records It alw includes considerat of any unusual iterns ordisc105ure$ In the accounts and 8eekin9 explaTrabonE from you as direGlors. Conrning such matsr Thtr re8 und8ttsken do not provide all thee¥enCe Ihgiwld be requlred In an audit and consequently I do not eXpSS an Opini On the viesv given by the a¢tts. Inde ndent Examlnerfs In (x)nnection my examination. no matter has come to my attenlKJn." whiGh gNes me rea50n8ble cause beIVe th8t In any material respectthe iequirements to keepac¢ounb"ng recuds a¢cordantswlh the comnE5Act 2006 and lo prere ac¢ounlswhich accordwith the accounting records and to compty with the accounliro requiremnts of theAct have mt been mel.. or to which, In my opinion, attenbon should bedrawn in order to enable a propw under81andin9 on unISt0 b8 reaLed. 21 Srgn8d.' . Vickery Vickery Acffjunmg ServKes 20th June. 2021 Page 5
Honicknowle Commnet Limited
Statement of Financial Activities (including an Income and Expenditure Account)
(A Company Limited by Guarantee)
for the year ended 31st March, 2021
| Notes Incoming Resources Incoming resources from generating funds: Activities to generate funds Investment Income Incoming resources from charitable activities 4 Other incoming resources 5 Total Incoming Resources Resources Expended Charitable Activities 6 Governance Costs 7 Total Resources Expended Net Outgoing Resources: Net movement in Funds Total Funds at 1st April 2020 Internal Transfer of Funds Total Funds at 31st March 2021 |
Unrestricted Funds £ 42 - - 42 -3,479 -521 -4,000 4,042 25,954 4,000 33,996 |
Designated Funds £ - - - - - 4,246 - 4,246 -4,246 206,622 -4,000 198,376 |
Restricted Funds £ - - 91,093 - 91,093 85,495 - 85,495 5,598 - - 5,598 |
Total Funds 2021 £ - 42 91,093 - 91,135 86,262 -521 85,741 5,394 232,576 - 237,970 |
Total Funds 2020 £ 9,000 295 78,773 8,250 |
|---|---|---|---|---|---|
| 96,317 | |||||
| 97,344 505 |
|||||
| 97,849 | |||||
| -1,532 234,108 - |
|||||
| 232,576 |
Page 6
Honicknowle Commnet Limited
(A Company Limited by Guarantee)
BALANCE SHEET AS AT 31ST MARCH, 2021
| Notes FIXED ASSETS Tangible Assets 12 CURRENT ASSETS Debtors & Prepayments 13 Cash at Bank & in Hand 3 CREDITORS: Amounts falling due within one year 14 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS CAPITAL AND RESERVES Restricted Funds 16 Reserves 16 Designated Funds 16 Unrestricted Funds 16 Profit and Loss Account |
£ £ 31/03/21 184,827 432 82,599 83,031 29,887 53,144 237,970 237,970 5,598 15,000 183,376 33,996 237,970 |
£ £ 31/03/20 189,411 555 70,186 70,741 27,576 43,165 232,576 232,576 - 19,000 190,700 22,876 232,576 |
£ £ 31/03/20 189,411 555 70,186 70,741 27,576 43,165 232,576 232,576 - 19,000 190,700 22,876 232,576 |
|---|---|---|---|
| 232,576 |
For the year ended 31/03/21 the company was entitled to exemption under section 477 of the Companies Act 2006.
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 responsibility for complying with the requirements of the Act with respect to acounting records and for the preparation of accounts.
The accounts have been prepared in accordance with the provisions applicable to companies subject to small companies' regime.
ON BEHALF OF THE BOARD:
| Director Print Name :-Date |
Director Print Name :-Date |
|
|---|---|---|
| Approved by the Board on: |
Page 7
Honicknowle Commnet Limited
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st March, 2021
1. ACCOUNTING POLICIES:
Accounting Policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
Basis of Accounting
The financial statements have been prepared under the historical cost convention and on an Accruals basis, in accordance with the Financial Reporting Standard for Smaller Entities (effective April, 2008), the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March, 2005 (SORP 2005) and the Companies Act 2006.
Incoming Resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Grants, including grants for the purpose of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.
Income from investments is included in the year in which it is receivable.
Resources Expended
Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which can not be recovered.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly and those of an indirect nature necessary to support them.
Unrestricted Funds
Unrestricted funds are donations or other general income receivable or generated for the objects of the charity without further specified purpose and are available as general funds.
Designated Funds
Designated funds are unrestricted funds earmarked by the management committee for particular purposes.
Restricted Funds
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of management and support costs.
Tangible Fixed Assets
Tangible Fixed Assets are stated at cost less accumulated depreciation.
For valuation purposes, depreciation is calculated at the following annual rates, in order to write off each asset over its estimated useful life:
Fixtures, Fittings and Equipment:25% over four years on a straight line basis. Property:2% on a reducing balance.
Page 8
Honicknowle Commnet Limited
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st March, 2021
2. DONATIONS
| General donations | 31/03/2021 31/03/2020 Unrestricted Restricted Total Total £ £ £ £ - - - - |
|---|---|
| - - - - |
3. CURRENT ASSETS: Cash and Bank
| T ASSETS: Cash and Bank | |
|---|---|
| Barclays - Base Rate Reward Account Barclays - Community Account Barclays - Business Premium Account Petty Cash |
31/03/2021 31/03/2020 £ £ 50,369 30,328 27,153 37,100 4,919 2,517 158 239 |
| 82,599 70,186 |
4. INCOMING RESOURCES FROM ACTIVITIES TO FURTHER THE CHARITY'S OBJECTS
| Fees Grants: Lloyds Children In Need Big Lottery Peoples Health Trust Local Giving (Fareshare) Clarion Ambassadors' Project PCC Councillors Esme Fairbairn Plymouth Ladies Charity PCC Fit and Fed Four Green 5. OTHER INCOMING RESOURCES Sundry |
Unrestricted Restricted 31/03/2021 31/03/2020 Funds Funds Total Total £ £ £ £ - - - 9,000 - 31,231 31,231 24,242 - 29,518 29,518 21,530 - 22,917 22,917 1,791 - 2,261 2,261 10,740 1,000 1,000 - - 4,167 4,167 5,939 - - - 400 - - - 2,083 - - - 300 - - - 11,648 - - - 100 |
|---|---|
| - 91,093 91,093 87,773 |
|
| Unrestricted Restricted 31/03/2021 31/03/2020 Funds Funds Total Total £ £ £ £ - - - 8,250 |
|
| - - - 8,250 |
Page 9
Honicknowle Commnet Limited
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st March, 2021
6. COSTS OF CHARITABLE ACTIVITIES
| Charitable Activities | Unrestricted Designated Restricted 31/03/2021 31/03/2020 Fund Fund Fund Total Total £ £ £ £ £ - 4,246 84,974 89,220 97,359 |
|---|---|
| - 4,246 84,974 89,220 97,359 |
7. GOVERNANCE EXPENDITURE
| **Unrestricted ** | Designated | Restricted | 31/03/2021 | 31/03/2020 |
|---|---|---|---|---|
| Fund | Fund | Fund | Total | Total |
| £ | £ | £ | £ | £ |
| - | - | 521 | 521 | 505 |
| - | - | 521 | 521 | 505 |
8. NET INCOMING/(OUTGOING) RESOURCES FOR THE YEAR
| This is stated after charging: Accountants' Remuneration Depreciation |
Unrestricted Designated Restricted 31/03/2021 31/03/2020 Fund Fund Fund Total Total £ £ £ £ £ - - 521 521 505 - 4,246 1,013 5,259 844 |
|---|---|
| - 4,246 1,534 5,780 1,349 |
9. STAFF COSTS AND NUMBERS
| Staff costs were as follows: Salaries and wages Tax and NI Pensions |
31/03/2021 31/03/2020 £ £ 57,062 64,179 8,300 7,437 2,318 1,543 |
|---|---|
| 65,361 71,616 |
No employee received emoluments of more than £60,000 (2020 none).
Page 10
Honicknowle Commnet Limited
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st March, 2021
The average weekly number of employees during the year, calculated on the basis of full time equivalents, was as follows:
| Full Time Part Time |
31/03/2021 31/03/2020 No No 2 2 5 7 |
|---|---|
| 7 9 |
10. TAXATION
The charity's activities should fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts and we have applied for dormancy.
11.TRANSACTIONS WITH THE TRUSTEES
During the year the company did not reimburse trustees' expenditure.
12. TANGIBLE FIXED ASSETS
| Brought Forward Additions Fully Depreciated As at 31st March, 2021 Depreciation Brought Forward Charge for the period Fully Depreciated As at 31st March, 2021 Net Book Value: As at 31st March, 2021 Net Book Value: As at 1st April, 2020 |
Land & Fixtures, Buildings Fittings & Total Equipment £ £ £ 212,306 3,377 215,683 - 675 675 - - - |
|---|---|
| 212,306 4,052 216,358 |
|
| 24,684 1,588 26,272 4,246 1,013 5,259 - - - |
|
| 28,930 2,601 31,531 |
|
| 183,376 1,451 184,827 |
|
| 187,622 1,789 189,411 |
13. DEBTORS: Amounts falling due within one year
| Trade Debtors Prepayments |
31/03/2021 31/03/2020 £ £ - - 432 555 |
|---|---|
| 432 555 |
Page 11
Honicknowle Commnet Limited
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st March, 2021
14. CREDITORS: Amounts falling due within one year:
| Trade Creditors Grant Accruals: Lloyds Bump and Beyond Children in Need Big Lottery - Reach Out Clarion |
31/03/2021 31/03/2020 £ £ 531 1,740 18,746 18,504 8,527 5,666 2,083 - - 1,667 |
|---|---|
| 29,887 27,576 |
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Tangible fixed assets Current assets Current liabilities Net assets as at 31st March, 2021 16. MOVEMENTS IN FUNDS Restricted Funds Grants: Big Lottery Peoples Health Trust Lloyds Children In Need Clarion Ambassadors' Project Local Giving (Fareshare) TOTALS Designated Funds Closure and Redundancy Costs Capital Asset (Building) Unrestricted funds: Unrestricted Funds Total Unrestricted Funds Total Funds |
Unrestricted Designated Restricted Reserves Total Funds Funds Funds Funds Funds £ £ £ £ £ - 184,827 - - 184,827 63,884 13,549 5,598 - 83,031 29,887 - - - 29,887 |
|---|---|
| 33,997 198,376 5,598 - 237,970 |
|
| Incoming Outgoing 1/4/20 Resources Resources Transfers 31/3/21 £ £ £ £ £ - 22,917 22,917 - - - 2,261 2,261 - - - 31,231 25,633 - 5,598 - 29,518 29,518 - - - 4,167 4,167 - - - 1,000 1,000 - - |
|
| - 91,093 85,495 - 5,598 |
|
| 19,000 - - -4,000 15,000 187,622 - 4,246 - 183,376 |
|
| 206,622 - 4,246 -4,000 198,376 |
|
| 25,954 42 -4,000 4,000 33,996 |
|
| 25,954 42 -4,000 4,000 33,996 |
|
| 232,576 91,135 85,741 - 237,970 |
Page 12
Honicknowle Commnet Limited
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st March, 2021
17. CAPITAL COMMITMENTS
The charity has no capital commitments as at 31st March 2021 or 31st March 2020.
18. COMPANY LIMITED BY GUARANTEE
Honicknowle Commnet Ltd. Is a company limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required, not exceeding £1, to the assets of the charitable company in the event of its being wound up whilst he or she is a member, or within one year after they cease to be a member.
19. PURPOSES OF RESTRICTED FUNDS
Grants: -
| Big Lottery - Reach Out | Funding for a covid recovery program focusing on providing an outdoor |
|---|---|
| space, supporting the community and providing a food bank. | |
| Local Giving (Fareshare) | To support the food bank and provide Christmas food parcels and gifts for |
| children in the local area. | |
| Children In Need (The Hope Project) To fund working with young women aged 13 – 16 years who are at risk of, | |
| or involved in, sexual exploitation and have poor mental health. | |
| Lloyds - Bump and Beyond | A pilot project working with young and expectant mums providing advice |
| and support. | |
| People's Health Trust | Funding a delivery program aimed at supporting parent of children with autism. |
These notes form part of the financial statements
Page 13
The following pages do not form part of the statutory accounts.
Honicknowle Commnet Limited
Statement of Financial Activities (including an Income and Expenditure Account)
(A Company Limited by Guarantee)
for the year ended 31st March, 2021
----- Start of picture text -----
2021 2020
£ £ £ £
Incoming Resources
Incoming resources from generating funds:
Activities for Generating Funds:
Fees - 9,000
- 9,000
Investment Income
Bank Interest Receivable 42 295
42 295
Total Incoming resources from generating funds: 42 9,295
Incoming resources from charitable activities
Grant Funding
Big Lottery -Reach Out 22,917 1,791
Peoples Health Trust 2,261 10,740
Lloyds Bump and Beyond 31,231 24,242
-
Local Giving (Fareshare) 1,000
Clarion Ambassadors' Project 4,167 5,939
Oasis Links - Esme Fairbairn - 2,083
Plymouth Ladies Charity - 300
PCC Fit and Fed - 11,648
PCC Councillors - 400
Children In Need 29,518 21,530
Four Green - 100
91,093 78,773
Other incoming resources
Donations - -
Fundraising - 186
HMRC - 7,704
Miscellaneous - 360
- 8,250
Total Incoming Resources 91,135 96,317
----- End of picture text -----
Page 14
Honicknowle Commnet Limited
Statement of Financial Activities (including an Income and Expenditure Account)
(A Company Limited by Guarantee)
for the year ended 31st March, 2021
Resources Expended
| Costs of Generating Funds: | 2021 | 2020 | |||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Charitable Activities | |||||
| Wages and Salaries | 57,062 | 64,179 | |||
| Tax and NI | 8,300 | 7,437 | |||
| Pension | 2,318 | 1,543 | |||
| Redundancy | - | 4,576 | |||
| Staff Travel | 32 | 58 | |||
| Activities and Trips | - | 1,561 | |||
| Materials | 1,817 | 2,240 | |||
| Transport | 192 | 590 | |||
| Catering | 697 | 1,389 | |||
| Training | 200 | 620 | |||
| Office Costs | 1,650 | 439 | |||
| Utilities/Rates | 4,403 | 5,001 | |||
| Telephone and Internet | 827 | 2,380 | |||
| Memberships & Subscriptions | 341 | 241 | |||
| Insurance | 1,288 | 1,237 | |||
| Recruitment/Advertising | 27 | 0 | |||
| Health/Cleaning | 335 | 148 | |||
| Repairs and Maintenance | 427 | 1,098 | |||
| Rent | - | 1,456 | |||
| Sundry | 45 | 305 | |||
| Depreciation | 5,259 | 844 | |||
| Charitable Activities Total Expenditure | 85,220 | 97,344 | |||
| Governance Costs | |||||
| Independent Examination | 521 | 505 | |||
| Total Governance Costs | 521 | 505 | |||
| Total Resources Expended | 85,741 | 97,849 | |||
| Net Incoming/(Outgoing) Resources for the Year: | 5,394 | -1,532 |
Page 15