Registered Charity No= 1077457 Registered Company No.. 03762641 (England and Wales) REPORT AND ACCOUNTS for the year ended 31st March, 2023 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, 2023 Page Legal and Administrative Information Report of the Trustees Accountant's Report to the Trustees Statement of Financial Activities Balance Sheet Notes Forming Part of the Financial Statements 8t013 Detailed Statement of Financial Activities (including an Income and Expenditure Account) 14and 15 Page 1
Honicknowle Commnet Limited IA Company Limited by Guarantee) Legal and Administrative Information Charity Numbar 1077457 Company Registration Numbar 3762641 Secretary: Josephine Bussell Directors rustees: Angela Carthy Alison Richardson Josephine Bussell Cllr. Pam Buchan PCSO Kale Stanley Mark Parlett Hannah Edwards Mandy Winn Chair Treasurer Secretary Appointed 04122 ApFX)inted 09122 Registerad Office: 64 Little Dock Lane Honicknowle Plymouth PL5 2LZ Accountants: St. Kew Accountancy Ltd. Patto Owriak, Allen Park St. Kew Highway Bodmin Cornwall PL30 3AR Bankars: Barclays Bank PLC 50 Comwall Street Plymouth PL1 1LU Page 2
Honicknowle Commnet Limited REPORT OFTHE TRVSTEES lirhtotptsrating th& direCtOrS' report) fbrthè èndèd 31t Marth, 2023 The trustees pre5eni thÈir£nnual rÈport£long with thÈfin£nci£l $tstements for year ended 31$t Marth. 2023 The trustees. who are Èlso direc1$ forthe pufpo$eS ol comp8ny lÈw£nd vJho Served during the Yeara up to thèdate ol this rèportare Selouion page 1. STRUCTURE, GOVERNANCE AND MANAGEMENT G¢)vorning Documènt MÈmor£ndum 8ndArtitlÈs of As$oci8tion irtwor£ted 2hApril 19W Ès Èmended by speciÈl rolUtiOnS daled 23AUgust 1999, 26th June 20m Ènd 8th April 2M6. Rtruitmnt and Training of Trutè The members shall ¢&rry Out Èlecbon of the officers and ctmmittee mèmbets atthÈ Annual General Meeting Nomin&tion$ shall be m£dè in Ènd deliv&d to the secrètary. Eath nomin£tion MUSL be proposed Ènd sèconded by a votiny member of the As$oti8tion Ènd £ccomp8nied bythe written consent of the nominee. NwT¥t&£s 8re inducted lnttsthèwoing$ of the Chaiiiy during mÈeting5 hd on a monthlybasis. Organitional Mnwmèni Overall re$pon$ibililyforthe m£Thement of the Charity 1$ vèsted in the Trustees. Thè managemènt of the aSSOCi8tion sh£ll bÈ invÈSLÈd in £ ctmmittee consisting of mÈmbÈ as dèscribth on ptye 1. RISK MANAGEMENT The trustees Are rÈgponsiblÈfor thè managèmènt of the risk$ faced by the Ch8ity Therefore, the trusteeg have examined major$tr8teyiC. business WÈr£tion81 risk$ whith the th8fityf8ce$ Ènd tonfitm th8t $ySLems havè been Èstablished thalmonitor and Control these risk$ to $SelaVOId the P¢SIb impÈctthÈ$e Could havè in the future The keycOntlS used bythÈ Charity include-. al Fomal eaS for 811 tommiltee and B¢Fard meètings bl Comprehensivè stra91C planning. dgelIn9 and managemènt 8tttuntiny tl Established organiSÈtion£l Structure linès of repothng dl CIe8r8utknriSatTh And 8ppfovÈl lèvels The Trustee$ retogniSÈ, howevèr, th8Lthe$e $ystem$ can onlypvIde rÈÈ$on8blÈ, nt absolute ag¥ur8ntÈ th8t major risks h£ve been AdequatY m8n£yed R&sèrvè Pdicy HonitknoMdÈ Commnet Ltd 1$ tUrnY dependènt on Sutcesstul tunding bids to Su$tsin ILS chhitablè activities, ag ÈÈm& income alone would not Allow tritYt ctnbnue perdting This me8ng thalil there were to bÈ £ gap in the thaiiiy'$ funding 8OurtÈS it is likèly thalthe ch8ritywOuld havè LO ¢e down To avo clo$ufÈ if fundino difficulties wère to happen the Bo8rd of HOnkw1e CommnÈL Lld h8S 8greed to keèp £ cert£in level of finantial rèsefves to ensure th£t main opÈr£tions tan continue br a of 3 months. The m£in toncemg of the Board 8re to Ènsurè Th8t SL4ff c8n ctntinue wortting. prim8fily to secure newfunding, That mÈmbÈtsIseIctt uaets Ère supported to move on to other services. It i4 thouyhlthat rÈsefvÈs of £18,MO be needed ts continuè Nnniny for£t least threè months These resetves havè been built up from unrèstricted intomè. The lev ol rèsefves will bè revièwed Èvety SLK months and the policy Miewed annually. OBJECTIVESAND ACTivrriES The objectives of the charity in the year undèr rÈviewwerÈ al The relief of petsons fÈSidÈnt in Cityof Plwxouth with 8 rticuL£r rey8rd to HtsnitknoMdÈ 8nd the $uifounding are85 who Ère in ConditTh ol ne&, h8rdship and di5treSS. bl The &dvantÈmÈnt of eduC8bon lintluding pre-sthooll of persons re$e1Th HtsnitknoMdÈ 8nd the $uifounding areas. cl Prowding or assisting in the prowsion olfacilibÈS forretrÈÈtion and other IsurÈ time occupabon for thè Inhatnts ol Honicknowle Ènd Surrounding £re8S in the interest of sothal welfare the objects of improwfu conditions of lrfe forthe Said inhatan&. dl Any ttable purposè forthe genefdl benèfit of the inh£bitants of Honickntt and the $uifounding areas. P$ye 3
Honicknowle Commn•t Limitad REPORT OF THE TRUSTEES lincorporating the directors. report) for the year ended 31st March. 2023 ACHIEVEMENTS AND PERFORMANCE Honicknow18 Commnet Ltd is now approaching its 24th year of working in and closely with the local community. Our success has b88n built on our passion and commitment for making sure that all 88rwic8s we offer ar8 community led wth a focus on delivering s8rvices which provid8 OPPOrtuniti8s for both soci81 and p8rsonal development for all service users. W8 use a wide variety of delivery m8thods including one- one support, group work, consultation and peer r8S8arch. All of our provision is id8ntifi8d by local people, therefore it Is service us8r led. This 8nab18S US to channel resources to meet thos8 needs in the most appropriate way. Our focus has been based on delivering projects and supporting local people alongsid8 fundraising to ensure that We C8n continue to provid8 this Very much n8ed8d servic8. Our Youth Work provision for young people aged b8tW88n 10- 25 y88rs is delivered in line with Plyrnouth City Council's Youth Service Curriculurn Framework, in Ev8ry Childs Matters Outcom88 and the Hear by Right Stsnd8rds. STATEMENT OF TRUSTEES. RESPONSIBILITIES The directors 8re responsible for preparing th8 Annual R8POrt and financial stat8ment5 in accordanc8 with applic8bl8 law and regulations. Company law requir8S the directors to pr8par8 financial stst8ments for 8ach financial year. Under that law the directors hav8 elected to pr8pare the financial statements in accordance with Unit8d Kingdom Gen8rally Accepted Accounting Practice (United Kingdom Accounting Standards 8nd applicable lawl. The financial stat8m8ntS 8re required by18W to give a true and fair view of the state of affairs of the company and of the surplus or deficit of th8 company for th8t period. In preparing th8se financial 8tatern8nts, the directors ar8 r8quir8d to.. -sel8Ct suitable accounting policies and then apply th8m consistently., -mak8 judg8m8nts and 8Stimat8S that are r8asonabl8 and prudent., -prepar8 the accounts on the going concern basis, unless it is inappropriat8 to presum8 that th8 company will continue in business. Th8 directors are responsible for keeping proper accounting records that disclos8 Wlth r8asonab18 accuracy 8t any time the financial position of the company and 8nab18 th8m to 8nsur8 that the financial statements comply with the Comp8ni8s Act 2006. They 8r8 81so r8sponsibl8 for saf8guarding th8 assets of the company 8nd h8nc8 for taking reasonable steps for the pr8V8lltion and detection of fraud and other irregulariti8S. SMALL COMPANY PROVISIONS This r8POrt has been prepared in accordance with th8 small companies r8gim8 of th8 Companies Act 2006. 81 For the period ended 31103123 the company Wds 8ntit18d to 8X8mPtion under section 477 of th8 Cornpani8s Act 2006. bl The Members hav8 not required th8 company to obtain an audit in accordanc8 With s8Ction 476 of the Cornpani8s Act 2006. Signed by ord8r of the dir8Ctors'. Signed Director Print Name Dat8d.. Pag8 4
REPORT OF THE EXTERNAL EXAMINER TO THE DIRECTORS OF Honicknowle Commnet Limited ON THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH, 2023 Res ective res onsibilities of directors and the extemal examiner As described on page 3, the company's directors are responsible for the preparation of financial statements. It is my responsibility lo state whether, as a result of my examination procedures, parbcular matters have come to my attention. Basis of Inde endent Examinerfs Re ort My examination was carried out in accordance wth 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 wth those records .11 also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as directors, conceming such mallers. 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. Inde ndent Examinerfs Statement In connection with my examination, no matter has come to my attention-. 1} which gives me reasonable cause lo believe that in any material respect the requirements lo keep accounting records in accordance with the Companies Act 2006 and lo prepare accounts which accord with the accounting records and to comply wth the accounting requirements of the Act have not been met.. or lo which, in my opinion, allenlion should be drawn in order to enable a proper understanding on the accounts to be reached. 2} Signed.. M. Vickery St. Kew Accountancy Ltd. Date.. 20th July, 2023 Page 5
Honlcknowle Commnet Llmlted Statement of Flnanclal Actlvltles Ilncludlng an Income and ExndIture Account) IA Company Limited by Guarantee) for the year ended 31st klarch. 2023 Total Funds 2023 Total Funds 2022 Notes Unrestricted Funds Designated Funds Reslricled Funds Incoming Resources Incoming resources from generating funds.. Activities lo generate funds Investment Income Incoming resources from charitable activities Other incoming resources 334 153.797 154,131 76.626 Total Incoming Resources 343 153.797 154,139 78.630 Resources Expended Charitable Activities Governan Costs 4.246 101.329 105,575 57 88.399 1.842 579 Total Resources Expended 579 4.246 101.329 1Q6,154 90.242 Net Incomin9 Resources.. Net movement in Funds -236 4.246 52.488 47,915 Total Funds at 1st April 2022 32.#9 1Y.130 226,358 237.970 Internal Transfer of Funds -3.000 3.000 Total Funds at 31st March 2023 2B.993 192.884 274,344 226.358 Page 6
Honicknowla Commnat Llmltad IA Company Limited by Guarant881 BALANCE SHEET AS AT 31ST MARCH, 2023 Not88 31103123 31103122 FIXED ASSETS Tangible Assets 174,884 180,020 CURRENT ASSETS Debtors & Prepaynents Cash at Bank & in Hand 453 107,855 153,566 154,056 108.308 CREDITORS.. Amounts falling due wilhin one year 54,593 61,968 NET CURRENT ASSETS 99,462 46.340 TOTAL ASSETS LESS CURRENT LIABILITIES 274,345 226.359 NET ASSETS 274,344 226.359 CAPITAL AND RESERVES Reslricled Funds ReseNes Designated Funds Unreslricled Funds 51,900 18,000 174,884 29,560 15.000 179.130 32.229 Profit and Loss Account 274,344 226.358 For the year ended 31103123 the companywas entilled to exemption under section 477 ofthe Companies Act 2006. The members have not required the cornpany to obtain an audit in accordan section 476 ofthe Companies Act 2006. The directors acknowledge their responsibiltyfor complJqng with the requiretnents of the Act respect to acounting records and forthe preparat of accounts. The accounts have been prepared in acCOr(lan wilh Ihe provisions applicable lo cornpanies subject lo small companEs' regime. ON BEHALF OF THE BOARD.. DireGtor Director Print Narne Print Narne Approved by the Board on". .Date -Dale Pag8 7
Honlcknowle Commnet Llmited NOTES TO THE FINANCIAL STATEMENTS for tha yèar endad 31st March, 2023 1. ACCOUNTING POLICIES.. Accounting Policies The principal accounting policies are summ8ri88d b8low. Th8 accounting policies have b88n applied consi8t8ntly throughout the year and the pr8C8ding year. Basis of Accounting The financial statements have been prepared und8r the historical cost convention and on an Accruals basis, in accordanc8 Wlth the Financial Reporting Standard for Sma118r Entit188 leffective April, 20081, the Statement of Recommended Practice'Accounting and Reporting by Charities. issued in March, 2005 ISORP 2(K)51 and the Companies Act 20(. Incoming Resources l incoming r8sources 8re includ8d in the 8t8tement of financial 8Ctivities when the charity 18 entiued to th8 income and the 8mounl can be quantified with r8asonab18 accuracy. The following 8P8cific poIici8s ar8 applied to particular categories of incom8'. Grants, including grants for th8 purpose of fixed as88ts, are recognised in full in the statement of financial activities in the y8ar in which th8y are r8ceivabl8. Income from investments is included in th8 year in which it is r8ceivabl8. Resources Expended R8sourc8s 8XP8nded are recognised in the P8riod in which they ar8 incurred. Resources expend8d includ8 8ttributab18 VAT which can not be recovered. Charitable expenditure comprises those C081s incurred by th8 charity in the d81ivery of it8 activities and seroic8s for its b8neficiari88. It includ8s both cost8 that can be allocated directly and those of an indirect natur8 n8c88sary to support them. Unrestricted Funds Unr881ricled funds are donations or other general incom8 receivab18 or gen8rated for the obj8Cts of th8 charity without further specified purp088 and are available as g8neral funds. Designated Funds D8signat8d funds are unrestricted funds eamiark8d by the management committ88 for particular purpos88. Restricted Funds R8Stricted fund8 are to be u88d for sp8cific purposes as laid down by th8 donor. Exp8nditure which m88ls these criteria is charg8d to the fund, tether with a fair allocation of management and support costs. Tangible Fixed Assets Tangible Fix8d Assets are stated at cost18ss accumulated d8preciation. For valuation purpos88, depreciation is c81culated at the following annual rates, in order to write off 8ach as88t Over its 8stima18d u88ful life.. Fixtur8s, Fittings and Equipm8nt.'- Property:. 25ts/D OV8r four year8 on a straight lin8 basis. on a reducing balance. Page 8
Honicknowle Commnet Limited NOTES TO THE FINANCIAL STATEMENTS for the year 8nded 31st March, 2023 2. DONATIONS 3110312023 Totsl 3110312022 Total Unrestrlcted Restrfcted General donations 200 200 200 200 3. CURRENT ASSETS: Cash and Bank 3110312023 3110312022 Barclays- Business Premium Accounl11201 Barclays- Community Account Barclays- Business Premium Accounl13261 Pelly Ca8h 99,844 49,167 4,382 173 7,319 20,019 80,373 144 153,566 107,855 4. INCOMING RESOURCES FROM ACTIVITIES TO FURTHER THE CHARITYS OBJECTS Unrestrlcted Restricted Funds Funds 3110312023 Totsl 3110312022 Total Fees Grants.. Children In Need Lloyds Bank Lloyds- Bump and Beyond Peopl&s Health Trust Big Lollery Plymouth Odopus Project laccru&d to 231241 Plymouth Ladies Charity Clarion Ambassadors. Project Teseo Bags of Hèlp Lotal Giving IFare8har81 Soil Association Donations 35,530 27,250 21,3 17,447 52,074 35,530 27,250 21,396 17,447 52,074 34,107 22.350 10.178 5,337 100 100 4.167 1.166 1.000 150 200 200 153,796 153,996 78.554 S. OTHER INCOMING RESOURCES Unrestrlcted Restrfcted Fund8 Fund8 3110312023 Total 3110312022 Total Sundry 70 70 Pag8 9
Honicknowle Commnet Limited NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st March, 2023 6. COSTS OF CHARITABLE ACMVITIES Unrestrlcted Deslynated Restrlcted 3110312023 3110312022 Fund Fund Fund Totsl Total Charitable Actiwlies 4,246 101,329 105.575 88,399 4,246 101,329 105.575 88,399 7. GOVERNANCE EXPENDITURE Unrestrlcted Deslynated Restrlcted 3110312023 3110312022 Fund Fund Fund Totsl Total 579 579 527 579 579 527 8. NET INCOMINGIIOUTGOINGI RESOURCES FOR THE YEAR Unrestricted Deslynated Restrlcted 3110312023 3110312022 Fund Fund Fund Totsl Total Th18 Is slat&d attar charging-. Aoxunlants, R&muneralion Depreciation 579 579 5.136 527 5,410 5,136 579 5,136 5.715 5,937 9. STAFF COSTSAND NUMBERS Staff c0818 w&r8 as follows.. 3110312023 3110312022 Salaries and wages Tax and Nl Pensions 69,061 11,087 2,955 54,134 7,991 2,106 80,148 62,126 No &mploy8e received emoluments of mor& than £60,00012022 non&l. Pag8 10
Honicknowle Commnet Limited NOTES TO THE FINANCIAL STATEMENTS for th8 y83r 8nded 31st March, 2023 The av&rage w&&kly number of Èmployees during th8 year, calculal&d on the basis of full lime Èquivalents, was as follows.. 3110312023 No 3110312022 No Full TIM8 Part Tim& 10. TAXATION The charitY8 activities should fall Mthin the Èxemptions afforded by the provi8ion8 of the Income and Corporation Taxes Act 1988. Accordingly. there is no taxation charge in these accounts and we have applied for dormancy. 11.TRANSACMONS WITH THE TRUSTEES During the year the company did not reimbur8& trustees. exp8nditure. 12. TANGIBLE FIXED ASSETS Land & Buildings Fixtur8S, Fittings & Equipment Total Brought Forward Additions Fully D&pre(#ated 212,306 4,655 216.961 As al 318t March, 2023 212.306 4,655 216.961 Depreclatlon Brought Forward Charge for th& rIOd Fully D&preciated 33,176 4,246 3,765 890 36.941 5.136 As al 318t March, 2023 37,422 4,655 42.077 Net B¢M)k Value.. As al 3181 March, 2023 174.884 174.884 Net Book Value.. As al 1st April, 2022 179.130 890 180.020 13. DEBTORS.. Amounts falllng due wlthln one year 3110312023 3110312022 Trade Debtors Prepayments 490 453 490 453 Pag811
Honicknowle Commnet Limited NOTES TO THE FINANCIAL STATEMENTS for th8 ar 8nd8d 31st March, 2023 14. CREDITORS.. Amounts falllng due wlthln one ye8r'. 3110312023 3110312022 Trade Creditors 2,438 1,532 GrantAccruals'. Big Lottery- Reach Out Children in Need P8opl8s' Health Trust pop Lloyds Bump and Beyond 23,543 17,361 6,251 5,000 22,783 8,988 7,270 21,396 54,593 61,968 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestrlcted Deslgnated Restrlcted Funds Funds Funds Reserves Funds Total Funds Tangible fixed 88S8ts Current ass8t8 174,884 18,(KlO 174,884 154,056 54,593 84,153 $4,593 51,900 Net as8els as at 31st March, 2023 9.560 192.884 51.900 274,344 16. MOVEMENTS IN FUNDS Incomlng Outgolng Resources Resources Restrlcted Funds 114122 Transfers 3113123 Gr8nts'. Children In Need Lloyds Bank Lloyds Bump 8nd Beyond Peoples Health Trust Big Lollery Plymouth Ladies Charity 35,530 27,250 21,396 17,447 52,074 100 21,880 13,650 27,250 21,396 17,447 41,074 100 11,000 TOTALS 153,796 101,897 51,900 Deslgnatsd Fund8 Closure and Redundaney Costs Capit81 Asset IBuildingl 15,000 179,130 3,000 18,000 174,884 4,246 194,130 4,246 3,000 192,884 Unrestrlcted funds: Unr8Strieled Funds 32,229 343 -3,000 29,560 Totsl Unrestrlcted Funds 32,229 343 -3,000 29,560 Totsl Funds 226,358 154,138 106,154 274,344 Page 12
Honlcknowl• Commnèt Llmltèd NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st March. 2023 17. CAPITAL COMMITMENTS The charity has no capital commitments as al 31st March 2023 or 31st March 2022. 18. COklPANY LIMITED BY GUARANTEE Honicknowle Comrnnet Ltd. Is a u)mpany limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes lo contribute such arnounl as rnay be required, not exceeding £1. 10 the assets of the charitable wmpany 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 mernber. 19. PURPOSES OF RESTRICTED FUNDS Grants... BVJ Lottery- Reach Out Funding for a covid recovery prograrn focusing on providing an outdoor space. supporting the communty and providing a food bank. Children In Need (The Hope Projectl To fund working with young women aged 13- 16 years who are al risk of, or irwolved in, sexual exploitation and have poor mental health. Lloyds Bank General undesvJnaled funding to support any aclwities orcosts that further the charitable purpose. Lloyds- Bump and Beyond A pilot projectworking with young and expectant mums prowding advice and support. People's Health Trust Funding a delivery program airned at supporting panI of children with autism. POP Ifullyaccrued lo 231241 Projecl'we Count Too. whKh is a new group aimed at supporting young men.: mental health. These notes form part of the financial statements Page 13
The followin es do not foi art of the statuto accounts. Honicknowle Commnet Limited Statement of Financial Activities {including an Income and Expenditure Account) IA Cornpany Litnited by Guarant881 for the year ended 315t March. 2023 2023 2022 Incomin R850urces Incoming resources from generating fund5= Activitie5 for Generating Funds.. Fees Investment Income Bank Int8r8st Receivable Total Incoming resourc85 from generating funds.. Incoming resources from charitable activitle5 Giant Funding Children In Need Lloyds- Bump and Beyond Lloyds Bank Peoples Health Trust Big Lottery pop Plymouth Ladies Charity Clarion Ambassadois, Project Tesco Bags of Help Local Giving (Faresharel Soil Association 35,530 21,398 27,250 17,447 52,074 34,107 22,3 10,178 5,337 100 100 4,167 1,166 1,000 150 153,797 78,555 Other incoming resources Donations Fundraising 200 HMRC Miscellan80US 134 70 334 70 Total Incoming Resources 154,139 78,630 Pag8 14
Honicknowle Commnet Limited Statement of Financial Activities (including an Income and Expenditure Account) IA Company Limited by Guaranteel for tha year anded 31st March. 2023 R8sourc8s Ex endèd Costs of Ganerating Funds: 2023 2022 Charitabl8 Activities Wages and Salaries Tax and Nl Pension Staff Travel Activities and Trips Materials Transport Catering Training Office Costs UtilitieslRates Telephone and Internel Memberships & SLJbscriplions Insurance Security Healthlcleaning Repairs and Maintenance Sundry Depreciation 69,061 11,087 2,955 54,134 7,991 2,106 30 2,878 3,171 1,615 1,065 150 1,495 5,802 891 595 1,339 3,313 1,229 1,427 185 768 5,779 741 393 1,433 343 179 329 203 510 5,410 5,136 Charitabla Activities Total Expanditure 105,574 89,715 Govarnanca Costs Independent Examination 579 527 Total Govamance Costs 579 527 Total Resources Expanded 106,154 90,242 Nat Incominglloutgoingl Resources for the Year: 47,985 -11,611 Page 15