Registered Charity No.. 1077457 Registered Company No. 03762641 (England and Wales) REPORT AND ACCOUNTS for the year ended 31st March, 2024 for Honicknowle Commnet Limited (A Company Limited by Guarantee)
Honieknowle Commnet Limited (A Company Limited by Guarantee) INDEX 10 THE FINANCIAL STATEMENTS for the year endod 31st March, 2024 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 Ihe Flnancial Statements 8t013 Detailed Statement of F-inancial Activities (including an Income 4nd Expenditure Account) 14 and 15 Page 1
Honicknowle Commnet Limitsd (A Company Limited by Guarantee) Legal and Administrative Information Charlty Number 1077457 Company Reglstratlon Niimbèr 3762641 Secretary: Josephine Bussell DirectorslTrustaas: Angela Carthy Alison Richardson Josephine Bussell Mark Parlett PCSO Kate Stanley Hannah Edwards Cllr. Pam BuGh8n Mandy Winn Chair Tred'iurer SecrL'tary Vice-Lhair Resigned March 24 Resigned M8rch 24 Registered Offlce: 64 Little Dock Lane Honicknowle Plymouth PL5 2LZ Accountants: St. Kew Accountancy Ltd. Patto Owriak, Allen Park St. Kew Highway Bodmin Cornwall PL30 3AR Bankers: Barclays Bank PLC 50 Cornwall Street Plymouth PL11LU Page 2
Honlcknowlg Commnet Limiled REPORT OF THE TRUSTEE8 Ilnc¢otsratlng tho dlrectors, Port) fortho par ended 318t March, 2024 The trustees prvJent thwr aiinual teport8long wrth the financ4al statement8 for Ihe year gndad 31st March. 2024. The tru5tee5, who ale a180 directors for wrp059s of CL)mpany law and who 8eNed during Ihe year and up lo th¢ dots of thls iepDrt are setout On page 1. STRUCTURE. GOVERNANCE AND MANAGEMENT Gov$rnSng Document Momor8ndurn aThJ Artide8 oIA880¢i8tion Incorporated 29th April 1999 as amandwj by Sp1?1 roSoluon£ dated 23wl Augu8t 1999, 28th June 2000 and 8th April 2008. R•crulim¢nt and Trnlnlng of Trustse8 The member8 shall carry out the election Of the offlcers and committ88 rnember5 at tho Annual General MeelirK. N()mlnalbns sho11 ba mgde In wAttng and delivered to Ihe Secrèlary Each nomination must ba proposed and SecOed by a voung m8mberof lh8 AssE¢iion and accompanbd by Iho wrltten consentolthe nomlrw. NawTrustoe8 are induCd Ii)10thg )rkIrS of tha Chadty durlng meeting8 hdd op monthly basls. Organl8atlonal Man•gernfi.It Overall rpOnSIbIlity for the m3n8gemonl of the Charity 1$ vested In the Trusteey. The rnanaq8rn0nt ofthe a880Ci8IDn Shall bè Invested In 8 MMItt04 conlstlng of member5 ol de8criLwd on page 1. RISK MANAGEMENT T trusleeB are responslbkj lor Ihe managfjmenl ol Ihe ri8k8 la¢od by the Chaiity, Therelore, the tru5ts85 havp examined the maj¢i strategic, bu31rS 8nd ¢ratIOl ii8k8 which th8 charty faces and.mflrm that systèm8 h8v been eslabli8hed th81 moriilDr and control th88e ri8Ks lo I958er Javd the POBSible impa¢l th68e could have in Ihe luturo. Tho key control8 u8ed by thr, Gharlty Includi.. al Formal ag•ndag for all ¢tyiimlttee and Bo8rd maetlngs bl Comprehensive Strategic plgnnlng, budgeting and managfftneTIt 8¢wunllng cl Estal$had organlg0liM&i 8lruclure and lines of fepDth'ng dl Claar aulhorlsation and wi,provo1 levds The TnJitee8 r8cognlse, hO.vgr, that Ihe8e system8 can ¢nly provide r81wn8è, not ab$olut• a&?uranc• that major risks hgvg been adequately managed. Re4er¥as Poll¢y Honickn1e C¢ynmn•t Ltd iy curfeDIty depen¢9nt on succe8$lul fundlng to 8U8taln Its charilable 8ctlvltle&, as èamed Incom? alone would not allN the ch8Nty to continuo operating, This rneans th81 if there were 10 b& 9 gap In the charity'8 fundlng sourc 18 Ilkety tat th• ch8rlty would rovg to doBe down. To avold closura rf lundlng ul1188 to happen the Board of Honkknowle C.4mmnet Ltd h83 aureed to kaap a certain thl ¢YflnBndal meNe$ to ensure that rnaln opti"atiDn8 can continu8 lor 8 Period of 3 month8. The main ¢oncefn8 of the 8<i¥rd are to énsu.. That staff can ci Il)tinue working, prim9rlly to 6ecure n8w fundlng, That members1¥?rvi¢e u8er6 ore 8UPPOrted to move on to other seNus. It is thought that rel•rS LI8,0 would b& needed to cnn? Nnning for at léait the rnonth8. These reserve5 h8¥e teen bullt up from vnrestrScted Incom0. The level of merveo wll b raeWed every Six months the policy ffjVwd annually. OBJECTIVES AND AcnvifiES TrÈ Objecte9 of the chaiili. In the year undèr reeW were.. al The relief ol Pljpltons Sident in thé Cty of Plymouth with a parti¢ul8r regard lo HonlcknoWe an.S the surrourxjlng ar who are in condttlon of need, Iifyrdship and dlstress, bl The adv8nc&iienl of educat (including pr&8chooll of persons resldent in HDnlcknowle anrl hp suffoundlng arèas. cl Provkllng orEJy818tln9 In thè provision of f8¢Sllties for rreall0Th 8nd I'.ther leisure tim8 occupayon forllip. inhabitants of 110nknl• and th8 surroundirrfj areas in the interest ol social wdfare wth Ihe objècts of Improvirtg condition$ of Iwe for Ihe said inh8*1ants. dl Any charttat4& rJuFpose fDr tha general bOnt01 th& inhalitants of HonICknle and the surf¢undlng ireas. Page 3
Honicknowle Commnet Llmlted REPORT OF THE TRUSTEES {Incorpor2ting the dlractors. report) for thè yèar anded 31st March, 2024 ACHIEVEMENTS AND PERFORMANCE Honicknowle Commnet Ltd i<., now approaching its 25th y88r of wort(ing in and olosèly vhth th8 local cornmunity. Our success has been built on our passion and ccmmitrn8nt for making sure Ihat all sorvices we off6r are commuiiity led wilh a focus on delivering services which provid8 opportunities for both social and personal 14avalopm@nt for all sèrvicè users. W8 use a wide variety of delivery methods induding one- one support, group work, consultstion and peer résèarch. All of our provision is identifi'ed by l¢)cal p8opI8. 118r8f0re il is sèNic& US8r18d. This enables us to channel résources to méat those needs in the m )st gppropriate way. Our focus has been b3s6d on delivering project3 ancl supporting local p80ple 8iongside fundraising to 8nsure that we can Lontinue lo provide this very much needed service. Our Youth Work provision fo.. young people aged betsveen 10- 25 y8ar8 is d81ivered in line with Plymouth City Council's Youlfl seiCe Curriculum Framework, in Every Childs Matters Outcomes and the Hear by Right Standards. STATEMENT OF TRUSTEES. RESPONSIBILITIES The diréctors are responsiblu for preparing the Annual Réport and financial slatemenls in accordanc8 with applicable law and r6gul:31ions. Company law require5 the dirgclors to prepgre financial statsments for each financial year, Und8r that law tha direcltsr8 have 818clerl to prepare the fi'nancial statements in acc(Irdancè with United Kingdom Generally Acceptsd Accounti+ig Practi {United Kingdom Accountsng Sb'ndards and 8pplicabl8 lawl. Tho financial ststements are tTJquired by law to give a true and fair view of the slate of affair3 of the company 8nd of thè surplus i i- d6ficit of the company for that Period. In praparing these financial slatem8nls, the directors are required lo.. -select suitable ar..runtsng policies and then apply them consistently, -mak8 judgemenlia and estimates that are reasonable and prudent., -prepar8 the accoL41its on the going concem basis, unless it iii inappropriate lo presume that the rompany will continue in business, The dSrectors are r88ponsiblp. for keeping proper accounting records that di5dos6 with reasonable atcuracy at any time the finaricial position of the comp8ny and en8ble Ihp.m to ensure th81 Ihe financial stst8ments comply with th8 C,ompanles Act 2006. They are also r8sponsiJle for saf8guardiDg the assets of the company and hance for taking raasonable Steps for the prevents'on and detaction of fraud and olh8r irregularities. SPIiALL COMPANY PROVISIONS This report has bean pTeparÉ.d in accordanG8 wlth the small companies wim8 of the Comp8nies Act 2006. al For the period ended 31103124 the company was entitled to exemption under saction 477 of the Companies Ad 2CQ6. b) Thè Members have not required the company to obtsin an audit in accordance with section 476 of the Companies Act 20C6. Signed by order of the directiJ'. S.. Signed Director .(.AR..TA¥ rint Name Oated.. Paga 4
REPORT OF THE EXTERNAL EXAMINER TO THE DIRECTORS OF Honicknowle Commnet Limited ON THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH, 2024 Res ective res onsibilities of dlrector& and the external examiner As described on page 3, the company's directors are responsible for the preparation of fi'nanGial statements. It is my responsibility to state whether, as a result of my examination procedures, particular matters have corne to my attention, Basis of Inde endent Examingrfs Re My examination was cari led 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 comi)any and a comparison of the accounts presented with those records . It also includes ponsideration of any unusual items or disclosures in the accounts and seeking explanations from you as directors, coni;erning such matters. The procedures undertalfen do not provide all the evidence th8,. would be required in an audit and consequently I do not express an audit opinion on thp view given by the accounts. nde endent Examlner's Statement In connection with my examination, no matter has come to my attention.. which gives me reasonable cause to believe that in any material respect the requlrements to ke.ep accounting records in accordance with Ihe Comp8nies Act 2006 and to preparp accounts which accord with the accounting records and to comply with the £Jccounting requirements of the Act have not been met.. or to which, in my opiiiion, attention should be drawn in order to enable a proper understanding on tl'ie accounts to be reached. 2) Signed=,,,....-..... M. Vickery St. Kew Accountancy Ltd. 9th July, 2024 Page 5
Honicknowle Commnet Limlted ststement of Financlal Actlvltl•8 Ilncludlng an Incomo and Expendlture Accounti {A Company Llmlled by Guarant881 for tho y•ar ondgd 31•t Mareh, 2024 Total Funds 2024 Toial Funds 2023 Notes Untracted Funds De8lgn81ed Funds Restr¢ted Fund8 Incomlng Rg8oiir¢•8 Incoming re80urces from gonerallng funds.. Aclivitr'es lo generato funds Investment Incom8 Incoming resourcos from charltable activi118s Other incomlng resourGes 1.270 304 1.270 98110 9B,507 154.131 Tot•1 Incomlng R•Èoure•8 1.573 96,507 98.OBO 154,139 R•401¢0 Expond6d Chafilabte Activities Govamaiice C081s 4,246 104.838 597 108,882 105.575 679 Total R•$our¢•• Exwndod 4,246 105,233 109,479 106,1S4 N•t In¢omlng RMourC. N•i mov•mnt In Funds 1,573 4.248 -8,728 .11A90 47,985 Tothi Fund• at 1st ApTII 2023 29,seo 192.B84 61,gQO 274344 226,358 Int0rn41 Tran•for of Fund8 Tot•1 FIiAdo at 31•t M•rch 2024 31,133 188,038 43,174 282,94S 274.344 Page 6
Honlcknowle Commnet Limitsd {A Company Limited by Guarantee) BALAIICE SHEET AS AT 31ST MARCH, 2024 Notes 31103124 31103123 FIXEO ASSEVJ Tanuible Assets 12 170,638 174,884 CURRENT AS9ETS Debtors & Prepaymen16 Cash al Bank & in Hand 13 623 122,478 490 153,566 123,101 154,056 CREDITORS.. Amount8 falllng thIn one year 14 30,792 54,593 NET CURRENT A88ETS 92,309 89.4e2 TOTAL ASSETS LESS CURRETrTf LIAPI IUTIES 262.948 274.345 NET ASSETS 262.940 274,344 CAPITAL AND RESÉRVES Re51ricled Fund8 Rè£atV88 Oosignated Furnds Unraslrlcted FundB 16 43.175 18,000 170.638 31.133 51,900 18.000 174,884 29.580 16 Profll and Loss Account 282,946 274,344 For Ihe year enderl 31103124 tho compo by was enlrtkd to ¢x6mpllon und8r 8edion 477 ol the Compantas Acl 2006. Thg momr$ have nol requlred the Coiiipany lo obtain an audll In accordance wilh 88cllon 476 of the Companle8 Acl 20Ce. The ¢Jiredors aCknOwdge Iheir responslbility for eomplylng with thè requlrem8nts of the Aci with respect to 8¢0unling reoirds and for the pr8p8ralion ol accounts. The aco)unts have been prepared In a.0rdance with the provlslons appli¢•bl& lo CoMpanS subjact to small CDmpan1, Ipgirne. OM BEHALF OF THE 8OARD: Dlr•etor Dlrector Prlnt Print Nam8 Approved by the Board on -Date Page 7
Honlcknowle Commnet Limitsd NOTES TO TFIE FINANCIAL STATEMENTS for the year ended 31st mah, 2024 1. ACCOUNTING POLICIES: AuntIng Pollclos The prindpal gccountsng pollcles are summarlsed below. The accounllny pollcle8 have been applled conslslenlly Ihmughout the year 8nd the preceding year. easls of Aecountlng The financlal slaternents have betsn prepared under Il hl8lorfcal 81 convenlion and on an Accrua15 basis, In accordanc wllh the Flngncial Reportrng Standard for Smoller Enlilies {effecilv6 April, 20081, the Stalen)enl of Recommended Practice 'Accounllng and Repon0 by Charities, issued In March. 2005 ISORP 200518nd the Companle8 Act 2006. In¢omlng R•source8 I Incoming fe$our¢3 are Indudpd In the ytalement of fflnanclal acttvllles when the tharty Is ènlllled lo the income and tho amount can be quanlified wllh reasonable accuracy. The follovAng specnlc policles are applied to partlcular Lalegories of Incomg.. Gfants, Includlng grants for the purpose of fjxed 8s8e18, are recogni8ed In full in the $18temenl of flnanclal activities In the year in which they are receivable. Income from inve81ments18 Indu4ed In the year in whi¢h11 l& recelvable. RourceS Expondgd Resources 8xpended a recognised in Ihe wrlod in which Ihey are Incurrerj. Res'.&urce8 expended include attrlbutable vA"r whlch Gan nol be rgcov8red. Charitable oxpendi1u comprloe,., Ihose ¢0818 Incurred by the charlty In Ihe dellv8ry of it8 acllvllles and 8etvice8 for118 beneficlarles. li Includes both costs that Gan be allocated dire¢lly and Ihose of an indirect nalure ne¢es$ary lo siipport them. Unr06trl¢t•d Funds Unrestricted lunds are donations or other general Income CeIvabl9 or genefaled for the oble¢ts of th8 charity wilhoul further specified purpose and are available 85 general lunds. Do8lgnat•d Fund8 DeSnated funds are unre81rlcl811 funds eamiarked by the management committei! for partiaular purposes, Rostrl¢ted Fund¥ Re8lricled funds are lo be used fijr s@nc purpo8e8 88 laid down by the donor. EApondllur8 which m88ts these crilerla18 chaiqed lo the fijnd. together wlth a falr allocation ol management and 8UPPOrt cost8. Tanglbl• Flx•d A••ats Tanglble Flxed A6sels arg slated al cost less accumulated depTeclatlon. For valuation purposes, depreda+ion 1$ calculatsd al the followlng annual late8, in order lo write off each a58et over its e811maled useful Ilfe: Fixtures. Fittlngs and Equipment... Property'.- 25% over four years on a slralghl line basis. 2•10 on a reduc¢ng balance. Res•rvo8 and Doslgnatèd Fun$ To avoid dosure, fUndIng diffiry,I;les were to happen. the Board of Honicknowle Gommn81 Ltd. has agfeed to keep a cerlain18vel of financlal reserve8 to ensure that maln operations can continue for a period of 3 months, The maln concerns of the Board ,aie to ensure.. Currenlty funding has been secuiwd bul. If dlfflcLJIUe8 were lo arise, then il has bgan caloJl8led that reserves of £18,000 would be nef.ded lo conlinug running for at lea813 months. These reserves have béen buill tsD from unf881ricted income. The fevel of reserves will be revi(.wed every 6 rnonlhs and the policy reviewed annually. The capital assel valuation of the. premlses used reflects the purchase price less dny aCMu4a1ed depreciatson. 11 doe:: not rgpresent any bank lund5 physicalty hetd. Page 8
Honicknowle Commnet Limited NOTES TO 1,4E FINANCIAL STATEMENTS forthe year 8nd8d 313t March. 2024 2. DONATIONS 3110312024 3110312023 Total Total Unr88trlctod R8strlcted G8n&ral donations 203 203 200 2D3 203 200 3. CURRENT ASSETS: Cash anij Bank 3110312024 3110312023 Barclays- Busln8ss Premium A¢counl11201 Barclays- Community Account Barclays- Bu5ine35 Pffjmium Accounl13261 Petty Cash 103,400 14.583 4,435 99,844 49,167 4,382 173 122,478 163,566 4. INCOMING RESOURCES FROM ACTIVITIES TO FURTHER THE CHARITY'S OBJECTS Unr08tricted Restrlcted 3110312024 3110312023 Fund8 Funds Total Total Fee8 Grants: Children In Negd Lloyds Bank Lloyds- Bump and Bayond Pèoplas Health Trust 80 Lott8ry Ptyrnoulh Octopus Project {accrLbud lo 23124> Ptyrnoulh Ladies Charity Donations 17,381 17,361 35.530 27,250 21,398 17,447 52.074 15,578 58.5ti 5,000 16,578 58,568 5,000 100 200 203 203 203 96.507 96,710 153,996 S. OTHER INCOMING RESOUR(.'E8 Unra8trlcted Restrlctod 3110312024 Funds Fundg Total 3110312023 Total Sundry 101 101 101 101 Page g
Honlckncwle Commnet Limited NOTES TO THE FINANCIAL STATEMENTS for the yéai ended 318t March, 2024 . COSTS OF CHARITABLE ACTiiiinES UnroStricted Dosignated Rèstrlctsd 3110312024 3110312023 Fund Fund Fund Total Totsl Charltable A¢tlvilie$ 4,246 104,636 108,882 105.575 4,246 104,636 108,882 105,575 7. GOVERNANCE EXPENDITURE Unrestrictsd Daslgnatsd R•Btrictod 3110312024 3110312023 Fund Fund Fund Total Totsl 597 597 579 597 597 579 8. NET INCOMINGIIOUTGOINGI FIESOURCES FOR THE YEAR Unrestrlctsd Deslgnated Restrlckd 3110312024 3110312023 Fund Fund Fund Total Totsl Thi5 18 slatad after charging.. Accountants, Remuneration Depr8ciallon 597 597 4.246 579 5.136 4.246 S97 4,248 4,843 5,715 g. STAFF COSTS AND NUMBER8 staff costs wore as follows.. 3110312024 .1110312023 SalArles and waa8s Tax and Nl Pensions 69,654 9.164 2,556 69,081 11,087 2,955 78,818 80,148 No èmployee rgGoived emolumonLt: of more than £60.00012023 nonel- Page 10
Honlcknowle Commnet Limited NOTES TO TH," FINANCIAL STATEPIIENTS for the yeai. ended 31st March, 2024 The average weakty number of 8n'.ploy8es dunng the year. calculated on the basis of full ts'mé uivalenl8, was as follows: 3110312024 3110312023 No No Full fime Part Time 10. TAXATION Th8 charlty's actlvrties 8hould fall within thè 8xemplion$ afforded by tha provision8 of the Income and Corporallon Taxe8 Act 1988. Accordlngty, there18 no laxallon charge in the8e accounls and we have applied for domiancy. 11.TRANSACTIONS WITH THE TIIUSTEES During the ye8r tho company did not reimburse tru8lee8' eypgndilure. 12. TANG18LE FIXED ASSET8 Land & Buildings Fixlur8S, Filling6 & Equipment Total 8roughl Forwafd Addlllons Fully Depreciat•d 212,306 212,306 A8 at 31st March, 2024 212,306 212,306 Dèpreclatlon Brought Foard Chargè for the period Fully Depreciated 37,422 4,246 37,422 As al 31st Mar¢h, 2024 41,668 41,668 Nat Book Value: A¥ al 31 st March, 2024 170,638 170.638 Not Book Value., As at 1st )rI1, 2023 174,884 174.884 13. DEBTORS: Amounts falllng flue wlthln ona year 3110312024 3110312023 Trade Debtors Prepayments 623 490 623 490 Pag&11
Honicknowle Commnet Limited NOTES TO THE FINANCIAL STATEMENTS for tho yoar andod 31st March, 2024 14. CREDITORS: Amounts falllng due wlihln one year: 3110312024 3110312023 Trade Creditor3 1.594 2.438 Grant Accruals: Big Lottery - Reach Out Children in Need Peoples, Health Trust pop 13,648 16,660 23,543 17,361 6,251 5.000 30,792 54.593 15. ANALYSIS OF NET ASSFTS BETWEEN FUND8 Unrèstrlcted Design•t•d Re8trictsd Funds Fund8 Funds Re8erves Funds Total Funds Tangible fixed assets Current assels Current liabilitie8 170,638 170,638 123,101 30,792 61,926 30,792 43,175 18,000 Net assets as at 3181 March, 1024 31,134 170,638 43,175 18,000 262,946 18. MOVEMENT8 IN FUNDS Incomlng Outgoing Resource8 Rosourc•8 ReBlrlctsd Funds 01104123 TranBfern 3113124 Grants: Childron In Need Big Lottèry Peoples Health TNst pop Lloyds Bank 13,650 11,000 17,361 58,568 15,578 31,011 53,644 15,578 5,000 16,924 27,25D 27,250 TOTALS 51,900 96,507 105,233 43,174 Deslgnated Fund8 Closure and Redundgncy Cost.8 Capital Asset (Buiklingl 18.000 174.884 18,000 170,638 192,884 4,246 188,838 Unr8gtrlcted funds: unstrICted Funds 29,560 1,573 31.133 Total Unr88tr1ctsd Funds 2g,560 1,573 31,133 Total Funds 274,344 98,080 104,479 262,945 Page 12
H0nicknoe Commnet Limited NOTES TO THE FINANCIAL STATEMENT8 for the year ended 31st March, 2024 17, CAPITAL COMMITMENTS The charity has no capital conimiimertls a$ a13181 Marth 2024 or 318t March 2023. 18. COMPANY LIMITED BY IJUARANTEE Honlcknowle Commnet Ltd. Is a company Ilmlled by guarantee and accordingly does not have a share capltal. Every member of the cornpany undertakes lo contribute such amount as may be requlred, not exceedlng £1. 10 the assets of the tharit8ble company In Ihe event of Its belng wound up whllst he or she is a membef. or wllhln one year 8fter they ca8se lo bp. a member. 19. PURPOSES OF RESTRICTED FUNDS Grents: . Blg Lottery- Reach Out Fundlng lor the conllnuallon of a i>)rnmb4ily garden provislon, 8UPPOrting the community and provlding a food bank. Children In Need IT1 Fu8lori Projed, To fund worklng wlth young peoplg qged 13- 18 years who are al rl8k of, or invofved In, sexual explollatlon or crlmlnal explottalion and 8nll-80¢ial behavloL Lloyd$ Bank General und881gnated fundlng lo Bupport any a¢tlvbtles or ¢¢sl$ that furth&r the charitable purpose. Uoyds. Bump and Beyond A pllol project worklng 7thlh young and expeetanl mum$ provldlng advlca and support. P80ple's Health Trust Funding a dellvery program almed al Sui."po.n0 parent of ¢hlldren with au118m pop Prolecl'we Counl Too, whlch Is a new giDUP aimed al 8UPPOrtlng young rnen,: men181 health. The8e nr)t¢s form part of the financlsl 8talements Page 13