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2023-03-31-accounts

Company registration number: 03900665 Charity registration number: 1089619

The Tin Hat Centre

(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2023

Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

The Tin Hat Centre

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6 to 7
Balance Sheet 8
Notes to the Financial Statements 9 to 18

The Tin Hat Centre

Reference and Administrative Details

Trustees Shirley Hawkins, Chair The Hon. Joan Taylor, Vice Chair Cindy Rossiter Angela Elizabeth Peppard Michael Heal Senior Management Team Chris Tomlinson, Centre Manager, from 26/05/2022 Paulette Sturman, Centre Manager, until 18/04/2022

Charity Registration Number 1089619 Company Registration Number 03900665 Registered Office Matthew Holland Complex Chapel Road Selston Nottinghamshire NG16 6BW Independent Examiner John O'Brien, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

Page 1

The Tin Hat Centre

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2023.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: Shirley Hawkins, Chair The Hon. Joan Taylor, Vice Chair Cindy Rossiter Angela Elizabeth Peppard Michael Heal (appointed 15 January 2023) Amanda Collins (appointed 15 January 2023 and resigned 10 May 2023) Matthew Pike (resigned 15 January 2023) John Evans (resigned 11 October 2022)

Structure, governance and management

Nature of governing document

The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated 22 December 1999, as amended by special resolution on 16 May 2001, 28 October 2001 and 16 October 2006. It has no share capital and the liability of each member in the event of winding-up is limited to £1.

Recruitment and appointment of trustees

Vacant positions are advertised on the Tin Hat Centre website, through social media, in house advertising, and community newsletters. All applications are presented at a Trustee Meeting and applicants undergo an informal interview prior to a decision being made.

Objectives and activities

Objects and aims

To provide the Parish of Selston and wider community with an accessible multi-purpose facility focusing on education, training and community resources.

Public benefit

Volunteering opportunities; Food bank; Community library; Community Café; Befriending; Adult education; Lunch clubs; Health and well-being. These activities increase skills and confidence, reduce isolation, enhance physical and emotional well-being and promote good mental health.

Page 2

The Tin Hat Centre

Trustees' Report

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Achievements and performance

A community Hub offering educational courses, cooking classes, community library, food bank, citizens advice, free meals for the most vulnerable, community courses, community café, community garden.

Huge thanks to our funders for their donations enabling the Tin Hat Centre to continue offering our essential services and continue to be the Community Hub for Selston and surrounding areas.

Financial review

Thanks to our funders we are in an adequate financial position currently.

Policy on reserves

The Trustees have established a reserves policy to ensure that adequate funding be kept in reserve in the event that the project ceases due to lack of funding, committee resignation or other circumstances. The level of reserves will be monitored regularly and reviewed annually by the Management Committee. The charity now has reserves to cover three months running costs.

Principal risks and uncertainties

Financial risks Termination of leases; Loss of funding.

Other risks Resignation of staff; Resignation of Trustees.

Page 3

The Tin Hat Centre Trustees, Report StAt¢ment of Rt$pon5ibilitie# The trustees (who ar¢ atso the directors of The Tin Hat Centre for the purposes of company law) are responsibl¢ for preparing th¢ truste¢s' r¢port aDd the tjnantial statenjenls in a¢tordante Th'iih applicable law and Uttited Kingdom A¢¢ounling StandaTds (United Kingdom Generally Accepted A¢¢ounung Practicel, Including FRS 102 "The Fitian¢ial Reporting Standard applicable in the UK Republic of Iieland" The report a]]d account5 havc bccn prcpared in aecordat)ce with the provisions in rhe Componies Act 2006 rclatin8 lo small companie5. Company law te4UiTes the trust¢¢s ta prepar¢ financial stat¢men15 for each financial year. Under eompany law the truste¢s must noi approve the financial statenients unless they are satisfied that ihey give a true ond fair view of the state of affairs of the charitable company and of the sncojning resources and application of re50urc¢5. including its income and expenditure. of the charitable company for ihal period. kn preparing ihese financial Statements, the trLtstees are required to.. sele¢1 suitable ac¢oullting poli¢ies and apply them ¢onsist¢nily'. observe the methods and prtnciples in the Charities SORP,. make judgemenis and estimates ¢har are reasortable and prudeni; stst¢ whtther applicable aceounting standards. eomprising FRS 102 have been followed, subjeet to any matcrial dcparturcs disclosed and explained in the financial slatements,. and prepaie the flljancial statements on th¢ going concern basis unless it is inappropriale to presume that the charilable company will conlinue in business. The trustees are responsible for keeping proper accounting records that ean disclose with reasonable accllrdcy 4¢ athy lim¢ the financial posiiitsn ofthe ¢haritsble company and enable ih¢m to ¢nsure that th¢ finan¢ta] siai¢m¢ni$ comply with ilie Ctsmpanies Aci 2006. They aTe also reswnsible for safeguarding the assets of the ¢hariiable cotnpany and hence for taking reasonablt steps for the prevention and detection of fraud and othcr iTregulaTjties. The tnLStees are responsible for the maintenanc¢ and int¢grity of the Corporate and f]nancial infonnalion include4 oll the ¢haritable Company's website. L¢gislotion goveming the preporaiion and dissemination of financial statements Tnay differ froyn l¢gislatioD in otherjuri$di¢tioth$. Sm•ll comp•thle$ provl$lon Statement This report has been prepared in accordance with the 5rnall companies re8ime under the Companies Act 2006. Th¢ onnual r¢port was approved by the t￿$t¢¢$ of the ¢h8rity on. . . and signed on it5 behalf by.. Shirley H TnL%ree It) Page 4

The Tin Hat Centre

Independent Examiner's Report to the trustees of The Tin Hat Centre ('the Company')

Independent examiner’s report to the trustees of The Tin Hat Centre ('the Company')

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

......................................

John O'Brien MSc, FCCA, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners

Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

15/06/2023 Date:.............................

Page 5

The Tin Hat Centre

Statement of Financial Activities for the Year Ended 31 March 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Other trading activities
5
Investment income
6
Total Income
Expenditure on:
Charitable activities
7
Total Expenditure
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
20		 Unrestricted
£
2,566
56,710
43,786
787
103,849
(134,360)
(134,360)
(30,511)
(30,511)
119,209
88,698		 Restricted
£
-
23,717
-
-
23,717
(49,317)
(49,317)
(25,600)
(25,600)
902,766
877,166		 Total
2023
£
2,566
80,427
43,786
787
127,566
(183,677)
(183,677)
(56,111)
(56,111)
1,021,975
965,864		 Total
2022
£
21,362
89,101
22,451
112
133,026
(141,745)
(141,745)
(8,719)
(8,719)
1,030,694
1,021,975

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 20.

The notes on pages 9 to 18 form an integral part of these financial statements. Page 6

The Tin Hat Centre

Statement of Financial Activities for the Year Ended 31 March 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

These are the figures for the previous accounting period and are included for comparative purposes

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Other trading activities
5
Investment income
6
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
20		 Unrestricted
funds
£
21,362
51,920
22,451
112
95,845
(98,491)
(98,491)
(2,646)
(2,646)
121,855
119,209		 Restricted
funds
£
-
37,181
-
-
37,181
(43,254)
(43,254)
(6,073)
(6,073)
908,839
902,766		 Total
2022
£
21,362
89,101
22,451
112
133,026
(141,745)
(141,745)
(8,719)
(8,719)
1,030,694
1,021,975

The notes on pages 9 to 18 form an integral part of these financial statements. Page 7

The Tin Hat Centre (Registration number: 03900665) Balance Shttt as at 31 March 2023 2023 2022 Note Fixed assets Tan¥iblc assets 12 864,333 877,334 Current amets Debtors Cash a¢ bank and in hand 13 14 10,221 108,698 2,362 161,173 163,S35 118.919 Creditor5: Amounis falliDg due within one year Nei current asset5 15 {17.3881 (18,894) 101,531 144,641 Net 455ets 965,864 1,021.975 Fund$ of the charlty: Restricted income funds Restri¢ied funds 20 877,166 902,766 Unrestri¢ted income fund5 Unrestri¢led funds 88,698 119,209 Total funds 20 965,864 1,021.975 For the financiil year ending 31 March 2023 the cknity was entitled to exemption from audit under section 477 of tbe Con)panies Act 2006 relating to small ¢ornpanies. Directors, responsibilitics.. The memkrs have not required the ¢hariiy to obtain an audit of its account$ for the year in question in ac¢ordancc with section 476." and The directors acknowl¢dg¢ their res]x>nsibiliiies for complying with the Icquirem¢nts of the A¢t with respect 10 accouniittg record$ and the pr¢paralion of a¢¢ount5. These flnancial slaiements have been prepared in accordance with the special provisions Telaiing to ¢ompat)ies subject to the small companies re¥ime within Part 15 of the Companie5 Aet 2006. The fJnJncial stat¢m¢nts on pages 6 to 18 were approved by the trustees, and authoTised for issue on /4.,.&.:.23 and signed on their behalf by.. Shirley Ha Trusiee The notes on pages 9 to 18 fomi an integral part of these finan¢iJl staiements. Pag¢ 8

The Tin Hat Centre

Notes to the Financial Statements for the Year Ended 31 March 2023

1 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

The Tin Hat Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The financial statements have been prepared on a going concern basis.

The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Page 9

The Tin Hat Centre

Notes to the Financial Statements for the Year Ended 31 March 2023

Deferred income

Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

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 to such activities and those costs of an indirect nature necessary to support them.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Land & buildings 1% straight line
General equipment 20% straight line
IT equipment 33.3 % straight line
Building improvements 10% straight line
Fixtures & fittings 25% straight line

Page 10

The Tin Hat Centre

Notes to the Financial Statements for the Year Ended 31 March 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Restricted income funds are those grants for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity. Pension costs charges in the Statement of Financial Activities represent the contributions payable by the charity during the year.

2 Income from donations and legacies

Donations and legacies;
Donations from individuals
Grants, including capital grants;
Government grants		 Unrestricted
funds
General
£
2,566
-
2,566		 Total
2023
£
2,566
-
2,566		 Total
2022
£
1,195
20,167
21,362

Page 11

The Tin Hat Centre

Notes to the Financial Statements for the Year Ended 31 March 2023

3 Income from charitable activities

Unrestricted
funds
General
£
Grants & donations
-
Rent & services
54,430
Workshop income
540
Insurance claim
1,740
56,710
4
Grants & donations
National Lottery Community Fund
Local Giving Ltd
Sundry donations
5
Income from other trading activities
Trading income;
Café sales
Local fundraising		 Restricted
funds
£
23,717
-
-
-
23,717
Unrestricted
funds
£
-
-
2,566
2,566
Unrestricted
General
£
42,452
1,334
43,786		 Total
2023
£
23,717
54,430
540
1,740
80,427
Restricted
funds
£
23,167
500
50
23,717
Total
2023
£
42,452
1,334
43,786		 Total
2022
£
37,181
51,734
186
-
89,101
Total
£
23,167
500
2,616
26,283
Total
2022
£
21,536
915
22,451

Page 12

The Tin Hat Centre

Notes to the Financial Statements for the Year Ended 31 March 2023

6 Investment income

Interest receivable and similar income;
Interest receivable on bank deposits
7
Expenditure on charitable activities
Unrestricted
funds
General
£
Bank charges
225
Buffet & refreshment provision
-
Café supplies
15,588
Cleaning & hygiene
3,171
Depreciation
-
Equipment
91
Food supplies
-
Insurance
2,723
Licenses & subscriptions
33
Office supplies
512
Printing & stationery
315
Professional fees
5,661
Publications & subscriptions
519
Rates
2,233
Recruitment
81
Repairs & maintenance
6,834
Sundry expenses
359
Telephone, internet & postage
1,168
Training
221
Travel & subsistence
108
Utilities
10,362
Volunteer expenses
100
Wages, NI & pensions
83,954
Workshop expenses
102
134,360		 Unrestricted
General
£
787
Restricted
funds
£
-
4,208
443
490
13,001
303
3,599
-
-
-
-
-
-
290
-
1,033
20
-
242
130
3,731
10
20,948
869
49,317		 Total
2023
£
787
Total
2023
£
225
4,208
16,031
3,661
13,001
394
3,599
2,723
33
512
315
5,661
519
2,523
81
7,867
379
1,168
463
238
14,093
110
104,902
971
183,677		 Total
2022
£
112
Total
2022
£
270
2,200
10,456
3,511
25,957
1,317
612
2,648
20
534
434
6,807
173
-
-
3,710
454
1,191
238
282
11,948
43
67,990
950
141,745

Page 13

The Tin Hat Centre

Notes to the Financial Statements for the Year Ended 31 March 2023

8 Net incoming/outgoing resources

Net outgoing resources for the year include:

Depreciation of fixed assets
9
Staff costs
The aggregate payroll costs were as follows:
Staff costs during the year were:
Wages and salaries
Pension costs		 2023
£
13,001
2023
£
103,508
1,394
104,902		 2022
£
25,957
2022
£
67,089
901
67,990

The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:

Average number of employees 2023
No
9		 2022
No
8

5 (2022 - 4) of the above employees participated in the Defined Contribution Pension Schemes.

Contributions to the employee pension schemes for the year totalled £1,394 (2022 - £901).

No employee received emoluments of more than £60,000 during the year.

The total employee benefits of the key management personnel of the charity were £24,747 (2022 - £20,940).

10 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

11 Related party transactions

There were no related party transactions in the year.

Page 14

The Tin Hat Centre

Notes to the Financial Statements for the Year Ended 31 March 2023

12 Tangible fixed assets

Land and
buildings
£
General
equipment
£
IT
Equipment
£
Building
improvements
£
Cost
At 1 April 2022
1,073,700
161,447
11,685
10,000
At 31 March 2023
1,073,700
161,447
11,685
10,000
Depreciation
At 1 April 2022
204,003
160,557
11,685
4,000
Charge for the
year
10,737
890
-
1,000
At 31 March 2023
214,740
161,447
11,685
5,000
Net book value
At 31 March 2023
858,960
-
-
5,000
At 31 March 2022
869,697
890
-
6,000
13 Debtors
Trade debtors
Prepayments
14 Cash and cash equivalents
Cash on hand
Cash at bank
15 Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Accruals
Deferred income		 Land and
buildings
£
General
equipment
£
IT
Equipment
£
Building
improvements
£
Cost
At 1 April 2022
1,073,700
161,447
11,685
10,000
At 31 March 2023
1,073,700
161,447
11,685
10,000
Depreciation
At 1 April 2022
204,003
160,557
11,685
4,000
Charge for the
year
10,737
890
-
1,000
At 31 March 2023
214,740
161,447
11,685
5,000
Net book value
At 31 March 2023
858,960
-
-
5,000
At 31 March 2022
869,697
890
-
6,000
13 Debtors
Trade debtors
Prepayments
14 Cash and cash equivalents
Cash on hand
Cash at bank
15 Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Accruals
Deferred income		 Land and
buildings
£
General
equipment
£
IT
Equipment
£
Building
improvements
£
Cost
At 1 April 2022
1,073,700
161,447
11,685
10,000
At 31 March 2023
1,073,700
161,447
11,685
10,000
Depreciation
At 1 April 2022
204,003
160,557
11,685
4,000
Charge for the
year
10,737
890
-
1,000
At 31 March 2023
214,740
161,447
11,685
5,000
Net book value
At 31 March 2023
858,960
-
-
5,000
At 31 March 2022
869,697
890
-
6,000
13 Debtors
Trade debtors
Prepayments
14 Cash and cash equivalents
Cash on hand
Cash at bank
15 Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Accruals
Deferred income		 Fixtures &
fittings
£
1,494		 Total
£
1,258,326
1,258,326
380,992
13,001
393,993
864,333
877,334
2022
£
691
1,671
1,494
747
374
1,121
373
747
2023
£
8,646
1,575
10,221
2023
£
512
108,186
108,698
2023
£
1,243
-
1,785
14,360
17,388
2,362
2022
£
1,067
160,106
161,173
2022
£
1,704
173
2,657
14,360
18,894

Page 15

The Tin Hat Centre

Notes to the Financial Statements for the Year Ended 31 March 2023

16 Charity status

The charity is a company limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

17 Taxation

The charity is a registered charity and is therefore exempt from taxation.

18 Fees payable to independent examiner

During the period, the fees payable (excluding VAT) to the charity’s independent examiner Community Accounting Plus are analysed as follows:

Independent examination
Other financial services		 2023
£
840
841
1,681		 2022
£
800
795
1,595

19 Analysis of net assets between funds

Unrestricted

Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 General
£
-
106,086
(17,388)
88,698
Unrestricted
General
£
-
138,103
(18,894)
119,209		 Restricted
£
864,333
12,833
-
877,166
Restricted
£
877,334
25,432
-
902,766		 2023
Total funds
£
864,333
118,919
(17,388)
965,864
2022
Total funds
£
877,334
163,535
(18,894)
1,021,975

Page 16

The Tin Hat Centre

Notes to the Financial Statements for the Year Ended 31 March 2023

20 Funds

Unrestricted funds
General
General Fund
Restricted funds
Millenium Commission
Befriending
Tin Hat Knitting group
Reduce, Reuse, Recycle Fund
Community Hub Food Plan
Lottery Café
Food bank
Co-op Community Fund
Magic Little Grant
Total restricted funds
Total funds		 Balance at 1
April 2022
£
119,209
877,334
594
142
590
17,038
3,070
498
3,500
-
902,766
1,021,975		 Incoming
resources
£
103,849
-
-
-
-
-
23,217
-
-
500
23,717
127,566		 Resources
expended
£
(134,360)
(13,001)
-
-
-
(7,740)
(26,287)
(308)
(1,524)
(457)
(49,317)
(183,677)		 Balance at 31
March 2023
£
88,698
864,333
594
142
590
9,298
-
190
1,976
43
877,166
965,864

The specific purposes for which the funds are to be applied are as follows:

The Millenium Commission on 20/01/03 created a legal charge over the leasehold land and buildings at Chapel Road and all fixed assets held by the company on the property now or in the future.

Befriending - to provide friendly social contact through a group befriending service to reduce feeling of loneliness and increase motivation and confidence.

Co-op Community Fund - to provide workshops.

Tin Hat Knitting group - to purchase wool for the knitting group to fundraise for the community. Lottery Café - funding towards salaries of 3 staff in the Café and help toward utilities.

Magic Little Grant - for the garden project.

Food bank - for the Food bank supplies.

Community Hub Food Plan (Notts County Council) - funding for the Food bank supplies, free meals in the Café.

Page 17

The Tin Hat Centre

Notes to the Financial Statements for the Year Ended 31 March 2023

These are the figures for the previous accounting period accounting period and are included for comparative purposes
Balance at 1 Incoming Resources Balance at 31
April 2021 resources expended March 2022
£ £ £ £
Unrestricted funds
General
General Fund 121,855 95,845 (98,491) 119,209
Restricted
Millenium Commission 903,291 - (25,957) 877,334
Befriending 1,665 1,650 (2,721) 594
Tin Hat Knitting group 42 100 - 142
Reduce, Reuse, Recycle Fund - 1,000 (410) 590
Community Hub Food Plan - 17,038 - 17,038
Café equipment (Freemasons) - 606 (606) -
Lottery Café - 11,583 (8,513) 3,070
NCC Covid 19 fund 2,343 - (2,343) -
Neighbourly - 1,000 (1,000) -
Food bank - 700 (202) 498
Co-op Community Fund 1,393 3,207 (1,100) 3,500
Cllr Divisional fund 80 297 (377) -
Active Notts 25 - (25) -
Total restricted funds 908,839 37,181 (43,254) 902,766
Total funds 1,030,694 133,026 (141,745) 1,021,975

Page 18