Registered Charity No: 1077457 Registered Company No: 03762641 (England and Wales)
REPORT AND ACCOUNTS
for the year ended 31st March, 2022
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, 2022
| 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
Honicknowle Commnet Limited (A Company Limited by Guarantee)
Legal and Administrative Information
| Charity Number | 1077457 | |
|---|---|---|
| Company Registration Number | 3762641 | |
| Secretary: | Josephine Bussell | |
| Directors/Trustees: | Angela Carthy | Chair |
| Alison Richardson | Treasurer | |
| Josephine Bussell | Secretary | |
| Cllr. Pam Buchan | ||
| PCSO Kate Stanley | ||
| Mark Parlett | Appointed April 2021 | |
| Registered Office: | Honicknowle Green | |
| Plymouth | ||
| PL5 3PX | ||
| Accountants: | St. Kew Accountancy Ltd. | |
| 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, 2022
The trustees present their annual report along with the financial statements for the year ended 31st March, 2022. 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, 2022
ACHIEVEMENTS AND PERFORMANCE
Honicknowle Commnet Ltd is now approaching its 24th 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 31/03/22 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
REPORT OF THE EXTERNAL EXAMINER TO THE DIRECTORS OF
Honicknowle Commnet Limited
ON THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH, 2022
Respective responsibilities of directors and the external examiner
As described on page 3, the company's directors are responsible for the preparation of financial statements. It is my responsibility to state whether, as a result of my examination procedures, particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with the general directions given by the Companies Act 2006. An examination includes a review of the accounting records kept by the company and a comparison of the accounts presented with those records . It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as directors, concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention: 1) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with the Companies Act 2006 and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met: or 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding on the accounts to be reached.
Signed:…………………………
M. Vickery St. Kew Accountancy Ltd.
Date: 20th July, 2022
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, 2022
| 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 £ 5 70 - 75 - 1,842 1,842 -1,767 33,996 - 32,229 |
Designated Funds £ - - - - - 4,246 - 4,246 -4,246 198,376 - 194,130 |
Restricted Funds £ - - 78,555 - 78,555 84,153 - 84,153 -5,598 5,598 - - |
Total Funds 2022 £ - 5 78,626 - 78,630 88,399 1,842 90,242 -11,611 237,970 - 226,358 |
Total Funds 2021 £ - 42 91,093 - |
|---|---|---|---|---|---|
| 91,135 | |||||
| 86,262 -521 |
|||||
| 85,741 | |||||
| 5,394 232,576 - |
|||||
| 237,970 |
Page 6
Honicknowle Commnet Limited
(A Company Limited by Guarantee)
BALANCE SHEET AS AT 31ST MARCH, 2022
| 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 |
£ £ 31/03/22 180,020 453 107,855 108,308 61,968 46,340 226,359 226,358 - 15,000 179,130 32,229 226,358 |
£ £ 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 |
£ £ 31/03/21 184,827 432 82,599 83,031 29,887 53,144 237,970 237,970 5,598 15,000 183,376 33,996 237,970 |
|---|---|---|---|
| 237,970 |
For the year ended 31/03/22 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, 2022
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, 2022
2. DONATIONS
| General donations | 31/03/2022 31/03/2021 Unrestricted Restricted Total Total £ £ £ £ - - - - |
|---|---|
| - - - - |
3. CURRENT ASSETS: Cash and Bank
| Barclays - Base Rate Reward Account Barclays - Community Account Barclays - Business Premium Account Petty Cash |
31/03/2022 31/03/2021 £ £ 80,373 50,369 20,019 27,153 7,319 4,919 144 158 |
|---|---|
| 107,855 82,599 |
4. INCOMING RESOURCES FROM ACTIVITIES TO FURTHER THE CHARITY'S OBJECTS
| Fees Grants: Children In Need Lloyds Peoples Health Trust Big Lottery Clarion Ambassadors' Project Tesco Bags of Help Local Giving (Fareshare) Soil Association Plymouth Ladies Charity |
Unrestricted Restricted 31/03/2022 31/03/2021 Funds Funds Total Total £ £ £ £ - - - - - 34,107 34,107 29,518 - 22,350 22,350 31,231 - 10,178 10,178 2,261 - 5,337 5,337 22,917 - 4,167 4,167 1,667 - 1,166 1,166 - 1,000 1,000 1,000 - 150 150 - - 100 100 - |
|---|---|
| - 78,555 78,555 88,593 |
5. OTHER INCOMING RESOURCES
| Sundry | Unrestricted Restricted 31/03/2022 31/03/2021 Funds Funds Total Total £ £ £ £ 70 - 70 - |
|---|---|
| 70 - 70 - |
Page 9
Honicknowle Commnet Limited
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st March, 2022
6. COSTS OF CHARITABLE ACTIVITIES
| Charitable Activities | Unrestricted Designated Restricted 31/03/2022 31/03/2021 Fund Fund Fund Total Total £ £ £ £ £ 1,842 4,246 84,153 90,241 85,667 |
|---|---|
| 1,842 4,246 84,153 90,241 85,667 |
7. GOVERNANCE EXPENDITURE
| **Unrestricted ** | Designated | Restricted | 31/03/2022 | 31/03/2021 |
|---|---|---|---|---|
| Fund | Fund | Fund | Total | Total |
| £ | £ | £ | £ | £ |
| 527 | - | - | 527 | 521 |
| 527 | - | - | 527 | 521 |
8. NET INCOMING/(OUTGOING) RESOURCES FOR THE YEAR
| This is stated after charging: Accountants' Remuneration Depreciation |
Unrestricted Designated Restricted 31/03/2022 31/03/2021 Fund Fund Fund Total Total £ £ £ £ £ 527 - - 527 521 - - 5,410 5,410 5,259 |
|---|---|
| 527 - 5,410 5,936 5,780 |
9. STAFF COSTS AND NUMBERS
| Staff costs were as follows: Salaries and wages Tax and NI Pensions |
31/03/2022 31/03/2021 £ £ 54,134 57,062 7,991 8,300 2,106 2,318 |
|---|---|
| 62,126 65,361 |
No employee received emoluments of more than £60,000 (2021 none).
Page 10
Honicknowle Commnet Limited
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st March, 2022
The average weekly number of employees during the year, calculated on the basis of full time equivalents, was as follows:
| Full Time Part Time |
31/03/2022 31/03/2021 No No 2 2 5 5 |
|---|---|
| 7 7 |
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, 2022 Depreciation Brought Forward Charge for the period Fully Depreciated As at 31st March, 2022 Net Book Value: As at 31st March, 2022 Net Book Value: As at 1st April, 2021 |
Land & Fixtures, Buildings Fittings & Total Equipment £ £ £ 212,306 4,052 216,358 - 603 603 - - - |
|---|---|
| 212,306 4,655 216,961 |
|
| 28,930 2,601 31,531 4,246 1,164 5,410 - - - |
|
| 33,176 3,765 36,941 |
|
| 179,130 890 180,020 |
|
| 183,376 1,451 184,827 |
13. DEBTORS: Amounts falling due within one year
| Trade Debtors Prepayments |
31/03/2022 31/03/2021 £ £ - - 453 432 |
|---|---|
| 453 555 |
Page 11
Honicknowle Commnet Limited
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st March, 2022
14. CREDITORS: Amounts falling due within one year:
| Trade Creditors Grant Accruals: Lloyds Bump and Beyond Children in Need Big Lottery - Reach Out Peoples' Health Trust |
31/03/2022 31/03/2021 £ £ 1,532 531 21,396 18,746 8,988 8,527 22,783 2,083 7,270 - |
|---|---|
| 61,968 29,887 |
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Tangible fixed assets Current assets Current liabilities Net assets as at 31st March, 2022 |
Unrestricted Designated Restricted Reserves Total Funds Funds Funds Funds Funds £ £ £ £ £ 890 179,130 - - 180,020 93,308 - - 15,000 108,308 61,968 - - - 61,968 |
|---|---|
| 32,229 179,130 - 15,000 226,358 |
16. MOVEMENTS IN FUNDS
| Restricted Funds Grants: Children In Need Lloyds Peoples Health Trust Big Lottery Clarion Ambassadors' Project Tesco Bags of Help Local Giving (Fareshare) Soil Association Plymouth Ladies Charity TOTALS Designated Funds Closure and Redundancy Costs Capital Asset (Building) Unrestricted funds: Unrestricted Funds Total Unrestricted Funds Total Funds |
Incoming Outgoing 1/4/21 Resources Resources Transfers 31/3/22 £ £ £ £ £ - 34,107 34,107 - - 5,598 22,350 27,948 - - - 10,178 10,178 - - - 5,337 5,337 - - - 4,167 4,167 - - - 1,166 1,166 - - - 1,000 1,000 - - - 150 150 - - - 100 100 - - |
|---|---|
| 5,598 78,555 84,153 - - |
|
| 15,000 - - - 15,000 183,376 - 4,246 - 179,130 |
|
| 198,376 - 4,246 - 194,130 |
|
| 33,996 75 1,842 - 32,229 |
|
| 33,996 75 1,842 - 32,229 |
|
| 237,970 78,630 90,242 - 226,358 |
Page 12
Honicknowle Commnet Limited
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st March, 2022
17. CAPITAL COMMITMENTS
The charity has no capital commitments as at 31st March 2022 or 31st March 2021.
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, 2022
----- Start of picture text -----
2022 2021
£ £ £ £
Incoming Resources
Incoming resources from generating funds:
Activities for Generating Funds:
Fees - -
- -
Investment Income
Bank Interest Receivable 5 42
5 42
Total Incoming resources from generating funds: 5 42
Incoming resources from charitable activities
Grant Funding
Children In Need 34,107 22,917
Lloyds 22,350 2,261
Peoples Health Trust 10,178 31,231
Big Lottery 5,337 1,000
Clarion Ambassadors' Project 4,167 4,167
-
Tesco Bags of Help 1,166
-
Local Giving (Fareshare) 1,000
Soil Association 150 -
Plymouth Ladies Charity 100 29,518
78,555 91,093
Other incoming resources
Donations - -
- -
Fundraising
HMRC - -
Miscellaneous 70 -
70 -
Total Incoming Resources 78,630 91,135
----- End of picture text -----
Total Incoming Resources
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, 2022
Resources Expended
| Costs of Generating Funds: | 2022 | 2021 | |||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Charitable Activities | |||||
| Wages and Salaries | 54,134 | 57,062 | |||
| Tax and NI | 7,991 | 8,300 | |||
| Pension | 2,106 | 2,318 | |||
| Staff Travel | 30 | 32 | |||
| Activities and Trips | 2,878 | - | |||
| Materials | 3,171 | 1,817 | |||
| Transport | 1,615 | 192 | |||
| Catering | 1,065 | 697 | |||
| Training | 150 | 200 | |||
| Office Costs | 1,495 | 1,650 | |||
| Utilities/Rates | 5,802 | 4,403 | |||
| Telephone and Internet | 891 | 827 | |||
| Memberships & Subscriptions | 595 | 341 | |||
| Insurance | 1,339 | 1,288 | |||
| Recruitment/Advertising | - | 27 | |||
| Health/Cleaning | 329 | 335 | |||
| Repairs and Maintenance | 203 | 427 | |||
| Sundry | 510 | 45 | |||
| Depreciation | 5,410 | 5,259 | |||
| Charitable Activities Total Expenditure | 89,715 | 85,220 | |||
| Governance Costs | |||||
| Independent Examination | 527 | 521 | |||
| Total Governance Costs | 527 | 521 | |||
| Total Resources Expended | 90,242 | 85,741 | |||
| Net Outgoing/(Incoming) Resources for the Year: | -11,611 | 5,394 |
Page 15