Company registration number: 03900665 Charity re&allOn number.. 1089619 The Tin Hat Centre (A company limited by guarant¢¢) Annual Report and Financial Statements for the Year Ended 31 March 2024 *ADSRRAQ8' 2210612024 COMPANIES HOUSE A16 Community Aounting Plus Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL
The Tin Hat CeDtre Contents Ref¢renc¢ and Administrative Dethils Ttees, Report 2to5 Independeni Examinees Report Statement of Financial Activities 7t08 Balance Sheet Notes lo tbe FAnaociat Statements IOto20
The TID Hat Centre RefereDce and AdminAstrative Details Trustees Shirley Hawkins, Chair The Hoo. Joan Taylor, Vice Chair Cindy Rossiter kngela Elizabeth Peppard MicbaEI Hcal Senior Management TeAm Chris Tomlinson. Centre Manager Charity Reglstratiou Number 1089619 Company Rezlstradon Number 03900665 Reglstered Offlee Matthcw Holland Complex Chapel Road Selston Not(inghan1Te NG16 6BW Independent ExamlDer John oneD, cmployee of Community Accounting Plus Units l & 2 North West 41 Talboi Strect Nottingham NGI 5GL Pagc I
The Tln Hat Centre Trustees, Report The tnlstees, who are directors for the pwposes of company law. prcseni the annual report together witb the financial staTrments and auditors, rel of the clwitable company for the year ended 31 March 2024. Trustees Ind oftl¢¢r$ The trusTres and officers serving during the year and since the year end were as follows: Trustees: Sbirley Hawkins. Cbair The Hon. Joan Taylor, Vicc Chair Cindy Rossitcr Angela Elizabeth Peppard Michael Heal Amanda Collins (resi8n¢d l O May 2023) Strnctur4 governantt and m#n•£ement Nature ofgoverning documenl The charity is a company limitcd by guarantec and restered charity. It is operated under the ndes of its m¢moraDdum and article5 of association dated 22 December 1999, as amended by Special resolutlOD on 16 May 2001, 28 Octobcr 2001 and 16 October 2006. It has no share capital and the liability of cach member in the event of winding-up 1$ limit¢d to £1. Recruilmenl and appoinhnenl of Iruste Vacant positions are advertised on thc Tin Hat Ccntre websi(e, through social medi4 in house adveni8ingJ and ommuniry n¢wsJ¢tt¢TS. All applicauons Arr prescnted at a Trustee Mcctin8 and applicants undcrso an iufornjal interview prior to a decision being made. Objecrfvu and a¢dvld¢i Objects 41mS To provide the Parish of Selston and wider commutiity with an accessible multi-purpose facility focusing on education, trainiDg and community resources. Publlc beA¢J71 Commwiity Rnd college courscs; Community resources such as Foodbank and Library: Garden and Cafe. Health and wcll-beiDg via 88rdcDing groups, bealthy eating and Yoga; Social ¢v¢nts' Foodbank and warn] space. Advice and sigllposting. These activities benefit pubij'c by providing trainin8 and oppomll]ity to learn new skills, volunteering, essential support via Foodbank and warni space for thosc Struggling with foodlfucl povety. infonnation and advice. social 5pa¢¢. befriending. health and wcll4)eing. The trnstecs collfirnj that they have eomplied with th¢ requirements of section 17 of the Charities Act 2011 to have duc r¢8ard io the public benefit guidance published by the Cbarity Commission for Eugland and Wales. Page 2
The TID Hat Centre Trustees, Report Achievemnts And perfor0¢¢ Approximately 16,500 users came to the Ccntre over the last 12 months. 8,900 accessed colle8e or community courses. 2.040 accessed the Library; 110 familics supported through the Foodbank. 1,300 attendd ¢ommuDiry evts. 500+ advicc 2nd signposting. A huge thank you to each and every funder wbo bas supported us over the last year, We would simply not be able to function as we do without your cssential support. Special Thanks go to: The NAtionAI Lottery Community Fund Nottingharnshire Community Foundation Nottinghamshire County Council A5bfield Distrief Council Sainsbury's Gillots Funernl Directors ScLston Co-op MorrisoD5 Localgiving J.N. D¢rbyshir¢ Ttust Nottinghamshire Frcemasons Rotary of West Ashfield The Albert Hunt Trust The Thomas Farr charity L Ltsl Charity Pot SelsLon High School P. Hughes Construction Coalfiel(Ls Regcnerdtioo Tnt kna 2 Barbersbop and KoD8 Tattoo 8tydi0 Masonic Charitable Foundation undervQd C of E School Selstoll C of E School Brinsley with UDdenvood Church St Helens Church HollyhAII School SelstoD Mcthodist Church Fitially our wottdwful con]muaity and individual donators for all of your support over th¢ last 12 months. Page 3
The TID Hat Centre Trustees, Report Flnancial review Thanl(s to funders we are in an adquatc position CucUtIy. Pollcy on resenpe The TteeS have established a rescTves policy to CDsure that adequatc fimdiDg be kept in reserle in the event thar the project ceases duc to lack of funding, committee resignatioa or other ctrrnstances. The level of reserves will be monitored regularly and reviewed aDnuaily by the Monagcment Committ¢e. The charity now has res¢rvcs to covcr three months running costs. Prin¢ip41 risks and uncertainties Financial risky Termination of leases; Loss of fuoding. Page 4
The TID Hat Centre Trustees, Report ststement of Respon$lblllties The trustees (wbo are also the dir¢tor8 of The Tin Hat Centy¢ for th* pury08e8 of ¢omp•ny1ow) •re responsibl¢ for pr¢parin8 the trustees, r¢port and the financial statemcnts in accordance with applicable law and Uniled Kiogdom Aco)witin8 Statsdards (United Kin8dom G¢nernlly Ae¢epted AccA)untinB Pmtice), in¢ludin8 FRS 102 'The FinJn¢ial R¢portin8 std)rd applicable in the UK and R¢publi¢ of Irel•nd" Thc report ac¢owits have been prepared in accordance with the provigions in the Companies Act 2006 r¢lJtiDg to smll ¢ompmies. Company low requires the truste¢8 to Prepar¢ finan¢ial stst¢m¢nts for ¢Acb finftnciil y¢ar. Under company IAW the ttu51¢cs must noi approve thc finAD¢i41 stht¢m¢nts uni¢ss they are Satisfied that they 8J've a lrne and fair vi¢w of the state of affairs of the ¢haritabl¢ company and of the incorning Tcsources and application of resources, in¢luding it$ in¢orne ond expenditure. of Ihe ¢h8ritsble Company for that p¢riod. In preparing these fin¢111 gtsi¢m¢nts, th¢ trust¢¢g Ire required to.. Stleth Suitable iecounting policies and apply ¢on8isiently observ¢ th¢ methods aftd principl¢$ in th¢ chariti SO1. mok¢ judrnents ond estimates that ar¢ reasonable and prud¢n¢ sthte whether Plicable o¢¢ouotftng sthndard$, wmprising FRS 102 bave beeTh follow¢4 subje¢t to any rnateri departur¢g disclos¢d and explained ID the finaDcial slai¢menls' and prepare the fllwictal ststements on the 8Otn8 cojcern basls unless it is inappropriate io prwme that th¢ charitable coMpY will continue in busines5. The trustees are responsible for ke¢pin8 pmper accountlD8 records thot can di$close with reuonabl¢ accuracy at any lime the financial posits'on of the clwitable cornpany •nd enabl¢ th¢m to ¢n8ur¢ that th¢ fuwicial statements comply with the Companies Act 2006. They are also responsible for safegudID8 the Sets of the chari¢able compaDy hence for takinB reawnoble slep8 for th¢ prevention Ind detection of frdud and otbeT irre8uIArities, The tN8tees ar¢ re$pon8ibl¢ for th¢ maintenance and ini¢gn'ty of the ¢orpornic and fin•nci•l infornM¢ion included oo the ch8ritabl¢ companY8 website. Lcgiglalion governiD8 the pr¢pirntion •nd di$%minalion of fiJ•nCl 8lat¢m¢nts may diff¢r from1¢8islatioD in other jUTiidictioM. Small tomp•nle& provlsloft itstemenl This Teport has been prepared in a¢¢ord8nrx witb dse small compMie¥ r¢8ime und¢r th¢ Companies Act 2006. The thnual report was approved by the trustees of the ¢hArity ots 2//06/z¥and $i8ned on its behr by: Shirley Trust¢¢ aw Page 5
The TID Hat Centre Independent Examiner's Report to the trustees of The Tln Hat Centre ('the Compgny,) Independent examfner's report to the trustees of The Tin Hat Centre ('the Company,) I report to the cbarity tnL%tees Oll my examination of the accounts of the company for the year ended 31 March 2024. Respon$lbUltles and basis of report As the charity's trustees of the Company (3nd a150 Its directors for the purposes of company law) you are responsible for the preparauon of the accounts in accordance with the requirements of thc Compatiies 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 elAgible for independent examination, I report in respect of my examination of your charity's accounts as carried our under section 145 of Ihc Charities A¢t 2011 ('the 2011 Act,). In carying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 ACL Independent examlner's itstement I have completed my cxamination. I confinn that no matters have come to rny attention its CODJ)ection with the examination g]ving mc cause to beb'cve that in any tnaterial rcspcct: l. accountittg records were Dot kept in respect of the Company as required by section 386 of the 2006 Ac4 or 2. thc accounts do not accord with those records. or 3. thc accounts do not comply with the accounting requlrements of scction 396 of the 2006 Act oth¢r than any rcquirement that the accounts ve a 'lrne and fair, vi¢w wbith is not a matt¢r ¢oDsid¢rcd as part of an Andependenl examination. or 4. the accounts have not been prepared in accordance with the methods and principles of the Ststement of Recommended Practice for accounting and reporting by cbariLies [applicable lo ¢baritie8 preparin8 th¢ir accounts in Accordance with the Finan¢ial Reporting Standard applicable in the UK and Republic of trel8lld (FRS 102)]. I have no concerns and have come across no other matters in wnnection with the exAmination to wlu'ch attention should be drawn in this repon in order to enable a proper understanding of the accounts to be reached. John O'Brien Msc, FCCA. employee of ComTnunity A¢countinB Plus Fellow of tILe Association of Charity tndependent Examiners UniLq l & 2 North West 41 Tglbot Street Nottingbam NGI 5GL Page 6
The Tin Hat Centre Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income And Expenditure Account and Statement of Total Recognised Gains and Losses) Tot41 2024 Totil 2023 Unrestrlcted Re$trl¢t¢d Note Income and Endowrn¢Dts from: Donations and legacies Charitable activities Other trading activities InvesLYneni income 5,628 62,209 54,661 1.533 5,628 124,474 54,661 1,533 2,566 80,427 43,786 787 62.265 Totsl Income 124,031 62,265 186,296 127,566 Expendlture on: Charitable activiti¢B 121,189 94,670 215,859 183.677 Total Expendirure 121,189 94,670 215,859 183.677 Net incomel{expenditure) Transfers between funds 2,842 32,733 (32,405) 32,733 (29,563) (56,111) Nct movcmcnt in fuDds (29.891) 328 (29.563) (56,111) Reconclllatlon of fundi Totsl funds brou8ht for*vard 88,698 877 166 965,864 1021975 Tolal fiJnd5 carried forward 20 877 494 936301 All of the charity's activities derive from continuing operations during the above rwo periods. The funds breakdown for the period is shown ID note 20. The notcs on pages io to 20 foim an integral part of these fancial statemcnts. Page 7
The Tin Hat Centre Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised GAins and Losses) These are the figures for the previous aecountlng perlod and are Included for eomparative purpo$¢s Unrestrleted fuDd5 Resrrl¢ted funds Total 2023 Not¢ Income and Endowments from: Donations and legacies Charitable activities other trading activities Ittvescmenc ittcome 2,566 56,710 43,786 787 2.566 80,427 43,786 787 23.7J7 Totsl income 103,849 23,7l7 127,566 Expendlture on: Cbaritable activiti 134,360 49.317 183,677 Total expenditure 134,360 49,317 183,677 Net expenditure 30,511 25.600 56,111 Net movernent in fidS (30,511) (25.600) (56,111) Rtconclllatlon of fundi Total funds brou8ht fonwd 119,209 902.766 021975 Total funds carried fonvard 20 88.698 877 166 965 864 Tbc notcs OD pages i O to 20 form an in1¢gr part of these flliancial statcments. Page 8
The Tln Hat Centre (RegistrAtioD number: 03900665) Balanee Sheet as 1131 Mgreh 2024 2024 2021 Not¢ Flxed a88tts TanEible assets 12 853,007 861.333 Current •JRts Debtors Ca5b at bank #nd in hand 13 10,162 10221 108 698 104.410 118,919 Credlton: Anwunts falling due wllhln one yer J5 17.388 et rrellt Auets 81,294 101,531 Net #Mets 936 Funds of tbe ¢barlty: RHtrl¢t¢d In¢ome fund• Reri¢t¢d funds 20 877,494 877.166 Uorestrleted In¢om• fundi Unrestricted fiuMIs 58.807 88,698 Totsl 20 936.301 For the yeAr ending 31 March 2024 the charity was tntitled to cxemption from audit under Section 477 of the Compaoies Act 2006 relitin8 to small ¢ompatii¢s. Dire¢tOrn' Teyin8ibilitie8: The members have Dot required the charity to obtsin an audit of its a¢CQUDts for the year iti quesiion in accordance with section 476. and The dir¢¢tors thowledge their responsibiliti¢3 for wmplying with the requir¢ments of th¢ Act with T¢8pect to accounting rccwds and ihe preparation of 4cco)mts. These fitwici81 sts*m¢nts hwve becn prepared in COrdnce with the special provisions relati1)8 to compjni subje¢t lo thc 8mAII companiès rtsime within Part I S of the Companies Act 2006. The financial Ststements on pages 7 to 20 were approved by the trusiees. and authorised for issu¢ on 2//96lz. ¥ . Signed on their bebalf by: Shirley Ha Tnlee The note5 on pages 10 kn 20 forni an inte part of these fu)8ncial stalements. Page 9
The Tin Hat Centre Notes to the Financial Statements for the Year Ended 31 March 2024 l Atcountlng poll¢ies Summary ofslgnlfi¢ant ic¢ouDdng polldes 2nd key 4eeountlng eit5mAtes The principal accounting policies applted in the preparation of tbesc financi81 statemcnts are sct out below. These policies have been cot)sistcntly applied to the ycus prcscnt¢ unless otherwise stated. Staternent of compliance The financial statejnents bave be¢n prepared in accordance with Accounting and Reporting by Charities: Statcment of Recornmended Practice (applicable to Charities preparing their accounts in aCrdance with the Financial Reporting StsDdard applicable io the UK and Republic of Ireland (FRS 102)) (issucd in October 2019) (Charities SORP (FRS 102)), the Financial R¢porting Stalldard applicable in the UK and Republic of Ireland (FRS 102) and thc Companics Act 2006. Basls ol preparatlon The Tin Hat Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are ioitially recolSed at historical cost or rxansaction value unless otherwtse stated in the relevant aeeountillg policy noles. Going conctrn The financial ststcments havc been prepared on a Boing concern basis. The tsus1c assess wh¢th¢r the use of going con¢¢m 18 appropriaf¢ i.e, wb¢th¢r th¢re arc any material uncertainties related to events or conth'tions that may c8St significant doubt on the ability of the cbarity to continue as a going concern. The tnteeS make this a5sessmeDt in respect of a period of one year from the date of approval of the fthonci&l slatements. Eiempdon from preparlng * eash llow $tst¢ment Under the exemption available to 8ma]ler charities the Board of Trustees has chosen oot to include a SÉa¢ement of Cash Flow5 within tbe financial SleMentS. lTr¢ome and endowments Volunlary income including donations, gitis, Icga¢ies aud grants that provide core funditig or are of a general nature is recognised when tbe charity has entitlement to the incom4 it is probable that the iticome will be reccived and thc arnount can be measured with sufficient reliability. l)onatio1 and legacles Donacions are Tccognised when the charity has been notified in writing of both the amount and settlernent date. JD the event that a donation is subject to ndItiOnS that Iequire a Jevel of performance by the chariry before the ¢barity is eJ)titled to thc funds, the incomc is deferred and not recognised until either those CODditions arc fiWy mel or the fulfilmenl of those condits'oDS is wholly within the control of the charity it is probable that these conditions will be fidfllled ill the reportin8 pcriod. Grants re¢ei¥qble Grants arc rccogniscd wb¢n the ¢harity has att ¢ntitl¢mcnt to the fimds and any ¢onditioos linked to the grants have been meL Where perfornian¢e Conditions are atlached to the grant and are yet lo be mel the income is recognised as a liability and included on the balance sbeet a5 defertred incom¢ to be released. Page 10
The TID Hat Centre Notes to the Financixl Statements for the Year Ended 31 Mareh 2024 Deferred income Deferred income represents amounts received for tllre periods and is released to incoming resources in the peTiod for which, it has been received. Such income is only deferred when.. - The donor specifies that the wt or donation rn81 only bc 5¢d in future accounting periods. or The donor has imposed conditions which musi be met befoTe thc chJrity has uncondilional ¢ntitl¢ment. Exptndltuye All expenditure is recognised once there is a Icgal or constructive obligation to that expenditure, it is probable settlement is required aDd the amount can bc measured reliably. All costs are allocated to the applicable ¢xptnditure heading that a8gregal¢ similar costs to thai ¢aiegory. Where costs cannot bc directly attribuied to particular heading5 they bave been allocatcd oll a basis CODSiStent with the use of resourccs, with central staff osts allocated on the basis of time spent. and depreciation charges allocatcd on the portion of thc assct's use. Other suppor¢ ¢osts are allocai¢d based on the spread of staff oosts. Chdrlioble aiyivili Ch4ritablt expenditure wmpri8¢8 those costs incurred by the cbarity in the delivery of its activities and seryirxs foT its beneficiaries. It includes both costs that can be allocat¢d directly sucb activities and those costs of an indirect nature necessary co support them. Government grants Govenunent grants are recognised based on the accnjal model atsd arc measured at the fair value of the asset rcccived or Teccivablc. Grants arc classified a5 relatiD8 either lo revenue or to assets. Grants relatin8 ¢0 revenue ar¢ recogniscd in income ovcr the pcriod in which thc relatrd costs aTC recolS¢d. Grants relats'n8 to asscts a recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is reColS¢d as deferred income. T&xtlon Th¢ charity is considered to pass the (csts set out in Paragraph I Scbedule 6 of thc Ftnance Act 2010 and th¢r¢fore li meets the dcfinitioo of a charltablc compaDy for UK corporation thx purposes. Accordingly, the ¢h8riry is potentially ex¢mpt from tsxation in respcct of income or capital gains Tcceived within catcgories covered by Chapter 3 Part I l of the Corporation Act 2010 or Section 256 of th¢ Taxation of ChaTgeable Gains Act 1992, to the extent thai such income or gains are apptied exCl81velY to charitabl¢ purposes. T4nglble flxed asset$ Indivith]al fixed assets costing £500.00 or more are initially rccorded at cosl less any subscqucnt accumulated deprcciation and subs¢qucnt aumulated impainnent losses. Deprecit6on 2nd amortisation Depreciation is provided on tangible fixed assets so as to lte off the cost or valuation, le&$ atty estimated residual value, over their expec(ed usefijl economic life as follows.. Asset class Land & buildings General equipment IT equipment Building improvements Fixtur&8 & fittings Depreciation method and rate l 0/0 straigbt line 200/0 straigbt Ilne 33.3 D/0 Straight line IOO/o straigbt line 250/ts Straight line Pagell
The Tin Hat Centre Notes to the Flnancial Statements for the Year Ended 31 March 2024 Trade debtors Trade debtors are amounts due from customers for merchandise sold or services perfornied in the ordinary cour5¢ of busiD¢ss. Trade debtors are recognised initially at the transacrion price. They are subsequenily measured at amortised cost using the effective interest method. less provision for iEDpaim]enL A provision for the Ampalnnent of trad¢ debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original teTms of the receivables. Cash and cAsh equivalents Cash and casb equivalents compris¢ cash on hand and call deposits, and other short-tenn highly liquid investtnents that are readily convertible to a kno1£ amount of cash and are subject to an insignificani risk of change in value. Trade credlton Tradc crcditors are obligations io pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accouttts payable are Classified as currenc iiabilitt'es if the chariry do¢s not have 8n unconditional nght. at th¢ cnd of th¢ reporttog pwiod, to dcfer scttlem¢nt of the cr¢th'tor for at Iwt twclvc months after the reportiog date. If there is an unconditiooal right ts) defer settiemeot for at least twelve months after the reporting daic, they are presented as non-current liabilities. Trade crcditors krc recognised initially at the transaction price and subsequently measured at amortised cost using the effective intcrcst method. Fund structhre Unrestiicted income funds arc 8cneral funds that are availablc for use at thc tsustces, dtscretion in fiwthcrance of the objectives of the cbarity. Restri¢i¢d income fiinds are those grants for usc in a particular area or for specific purposes, the use of which 18 rcstrlcted to that area or purpose. PeDsloDS and other post rttlrement obligazloD8 The cbarity operates a defined contribution pension scheme. The &8sets of the scheme are held separately from those of the charity. Pcn5iOn Costs charges in the Statemen( of Financial Activities Tepresent the contributions payablc by the cbarity during the year. Page 12
The Tln Hat Centre Notes to the Financlal Statements for the Year Ended 31 March 2024 2 Income from donatlon$ l¢gi¢l Unrestrleted funds General Total 2024 Totsl 2023 Donations and IcgaGies' Donations from companies. tTusts and similar procceds Donations from indiv1thIS Graots, includijjg capital grants; Govemment grants 4,000 1.128 4.000 1,128 2,566 500 500 5,628 5.628 2,566 3 Ineome from charltable 2cdvlrfes Unrestrleted funds General Restrlcted fuDds Total 2024 Total 2023 Grants & donations Rcnt & setvices Worksbop income Ensurdnce claim Other income 62,265 62,265 56,808 23,717 54,430 54Q 1,740 56,808 3,942 1,459 3,942 1.459 62.209 62,265 124.474 80,427 Page 13
The Tfin Hat Centre Notes to tbe Financial Statements for the Year Ended 31 March 2024 4 Grants & donitlon$ Unrestrlded funds Restricted funds Totsl Asbfield District Council Selslon Parish Council National Ltt¢ry Community Fund NGED Sundry donations Albert Hunt Ttust Nottinghamshire CowTrty Council Lush Nottinghamshire Community Foundation Fr¢emasons Thomas Farr Clwity J. N. Dcrbyshire Tnjsi Gillotts 500 500 200 37,585 8,860 1,448 4,000 5,100 2,000 500 200 5,000 2,000 500 200 37,585 8,860 320 1,128 4,000 5,IlJO 2,000 500 200 5,000 2.000 500 5 Incorne from other tradlng actlvltl Unrestrl¢ted Totzl 2024 Total 2023 Gencral Trading incomc; Café sales Local fundraising 51.232 3,429 51,232 3,429 42,452 54,661 54,661 43,786 6 Investment income Unrestrl¢ted TotAI 2024 Total 2023 Gener Interest receivable and Simil income" Interest receivable on bank deposits 1.533 ,533 787 Page 14
The Tfin Hat Centre Notes to the Flnanclal Stxtements for the Year Ended 31 March 2024 7 Eypcndlture on thArltable gCtlvlrf¢$ UDre$trlcted ruDd5 General Restricted funds Total 2024 Total 2023 Bank charges Buff¢i & refre5hrnent provision Café supplies Clealltng & bYelle Depreciation Equipment Food supplies Insurance Licenses & subscriptsons Office supplies Printing & stationcry Profe88ion41 fee8 Pubb'catioos & subscriptions Ra(es Recruitrneot Repairs & maintmance Sundry expenses Telepbone, ADlernet & postage Trainin8 Travel & subsistence Utilities Volunteer expenses Wages, Nl & pensions Workshop expenses Gardcn Room hire 331 331 2,993 19,584 4,286 12.806 941 8,352 3,515 225 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 iio 104,902 971 2.993 19,159 346 12,110 468 8,352 425 3,940 696 473 3,515 29 777 6,274 695 1,833 29 777 6.274 695 1.833 6,025 10 2,259 1,986 8.011 10 2.259 12 91 23,861 370 116,279 ft2 50 8,689 41 l5,172 370 78,324 37,955 870 1,680 870 121,189 94.670 215,859 183 677 Page 15
The Tln Hat Centre Notes to the FIDancial Statements for the Year Ended 31 March 2024 8 Net incomingloutgofing re50urees Net outgoing resources for the year include: 2024 2023 Depreciation of fixed ass¢ts 12,806 9 Staff costs The awe8at¢ payroll costs were follows: 2024 2023 St#ff costs durlng Ibe ye•r were.. Wag¢s #nd salaries Social security costs Pension costs 113,669 1,023 1,587 l J 6,279 103,508 1,394 104,902 The monthly avcragc number of persons (includin8 senior maoagement t¢am) employed by th¢ charity durin8 Ihe year was as follows: 2024 2023 Average number of employees 5 (202J - 5) of the above employces participated An the Dered Contribution Pension Schetnes. Contributions to th¢ employcc PCDSiOll schmies for the ye3r totalled £1.587 (2023 - £1,394). No employee rcceivcd emoluments of more than £60,000 during the year. The total ernployee benefits of the key management personncl of the charity were £31,975 (2023 - £24,747). 10 Trustees remuneradon and expeDses No trustees, nor any persons connected with the have received any remuneration from the cbarity during the No trnstees have ieceivcd any reirnbursed expcnscs or any othcr bcncfits from the charity during the year. 11 Related party tr#nsa¢tloDS There were no Telated party transactions in the year. Page 16
The TID Hat Centre Notes to the Financlal Statements for the Year Ended 31 March 2024 12 Tanglble fIX $¢t$ Land and bulldingj General IT Bullding equlpmtnt Equipment improven)ents Flxtsres & rAtting8 Total Cost At l April 2023 Additions 1,073,700 161.447 3,480 11,685 10,000 1,494 1,258,326 3.480 At 31 March 2024 1.073,700 164.927 10,000 1,494 1261806 Depreclatlon At l April 2023 Charge for the year 214,740 161.447 11,685 5,000 1,121 393,993 10,737 696 1,000 373 12,806 At 31 March 2024 225,477 162,143 11,685 6,000 1,494 406,799 Net book valut At 31 March 2024 848,223 855,007 At 31 March 2023 858 960 373 864 333 13 Debtors 2024 2023 Trade debtors Prepayments 9,783 379 1,575 10,162 10,221 J4 Cash and equlvaleDts 2024 2023 Cash ort hand Cash at bank 688 93,560 512 108,186 94.248 108,698 15 CreditoN: #mounts falllng due wlthin ODe year 2024 2023 Trade creditor5 Other taxation and social security A¢¢n Deferred incom¢ 4,021 452 1,450 17,193 1243 1,785 14,360 23,116 17.388 Page 17
The Tln Hat Centre Notes to the Financlal Statements for the Year Ended 31 March 2024 16 Charity StatUS The charity is a company limited by guarantee and consequently does not have share Gapitsj. Each of the trustces is liable to contribute an amowit not exceeding £1 towards thc assets of the charity in the event of Itquidation. 17 Taxodon The chaliry is a registered charity and is th¢r¢for¢ ex¢mpt from taxarion. J8 Fees payable to IDd¢peudeDt exandner During the pcrkod, the fee5 payable (excluding VAT) to the ¢harity's independent examiner Community Accounting Plus are analyscd as follow5.. 2024 2023 Indcpendeni examination Other financial services 930 972 840 841 ,902 1,681 J9 An*lysls ofnet assets between funds Unreitrlct¢d 2Q24 Total funds General Re$trlcted Tangible fixed assets Currcnt &ssets Current liabilities 855,007 22,487 855,007 104,410 23,116 81,923 23,116 To1 nei assets 58,807 877,494 936.301 Unrestrltted 2023 Total funds Gen¢r41 Resttl¢ted Tangtble fixed assets Currenl asscts Current liabilities 864,333 12,833 864,333 118,919 17.388) 106,086 17,388 Total net assets 877 166 Page 18
The Tin Hat Centre Notes to the Flnanelal Statements for the Year Ended 31 March 2024 20 FuDds Balance at 31 M&rch 2024 Balante al I April 2023 Incoming resources Resources expended Transfers UDrestrlc¢ed funds General General Fwid 88,698 124,031 (121,189) (32.733) 58,807 Restricled lunds Millenium Commission BefrieDdin8 Tin Hat Knitting group Rthc¢, Rcusc. R¢cycle Fund Conunuoity Hub Food Plan Colnmunity social activities Lottery Café Room bAre Boccia Foodbank cOP Climmunity Fund Magic Littl¢ Grant Community Matters Environmental {Lush) Cost of living (NCC) 864,333 594 142 (12,110) 2.784 855,007 594 242 loo 590 9.298 (246) (4,486) (1,301) (65,737) (672) (5,007) (1,457) (43) (645) {1,268) 1,698 4,8l2 3,699 5,000 37,585 700 3.020 28,152 28 190 1,976 43 1,797 519 8,860 2,000 8,215 732 3,302 Total re$trlcted funds 877,166 62 265 94,670 32,733 877,494 Tot21 funds 965,864 186296 215,859 936,301 The transfer from the Gencraj fund to thc Millenium Commission represents the net book valuc of a fix asset. Th¢ transf¢r from thc Gcn¢ral fimd to thc Lo(tcry Café and Foodbank fulld is to ¢ovcr th¢ deficit OD thicsc activities. Thc specific purposes for which the funds arc to bc applicd are as follows: Th¢ Millenium Commission OD 20101103 created a legal charge ov¢r the leaschold land and buildings at Chapel Road and all red assets held by the con)p8ny on the property now or in the future. Befriending - to provide fiiendly socia] conthct through a group befrieDding Service Io Teduce feeling of loneliness and iDrJ¢ase motivation and CODfidence. Tin Hat Knitting ollp - to purch&se wool for the knitting group to fundrdise ftir the ¢ornmunity. Lottery Cafe - fimding towards salaries of 3 stsff in the Café and help toward utilities. Magic Little GTant- for the garden project. Foodbank- for the food bank supplies. Comrnunity Hub Food Plan (Notts Coun¢y Council) - funding for the Food bank supplies, free meals in th¢ Café. Page 19
The Tin Hat Centre Notes to the Flnanclal Statements for the Year Ended 31 March 2024 Reduce Reuse Recycle - to purcbase recyclable Gups Ctc. for the cafe. Community social activities- promote social engagemeut for vulneTable people. Community Matters & Cost of living (NCC) - fimding towards warm space for those struggling with foodjfuel poverty Room hire Boccia - fi)nding for room hire for Boccia group. Environmental (Lush) - fundin8 for the garden. These are the figurts for the previous aCCOUDting perlod #Dd are Included for comparative purposes Balance at I Incomfing Resourccs Bglance at 31 Aprll 2022 resources expended March 2023 Unrestrlcted funds General General Fund 119209 103,849 (134,360) 88.698 Restrlcted Millenium Commission Befriendin8 Tin Hat Knitting group Redu, Reuse. Recycle Fund Community Hub Food Plan tA)ttery Café Foodbank Co*OP Community Fund Magic LAttle Grant Total restrlcted fyTbd8 877,334 594 142 590 17,038 3,070 498 3.5LX) (13,001) 864,333 594 142 590 9,298 (7.740) (26,287) (308) (1,524) (457) 23,217 190 1,976 43 500 902.766 23,717 49,317) 877,166 Totsl tsnds 1,021,975 127,566 183 677 Page 20