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2022-12-31-accounts

REGISTERED COMPANY NUMBER: 04321455 (England and Wales) REGISTERED CHARITY NUMBER: 1091558

Report of the Trustees and Financial Statements

Year Ended 31 December 2022

St. Stephen's Neighbourhood Centre Ltd.

Southgates Chartered Certified Accountants 9 Market Place Hedon East Yorkshire HU12 8JA

St. Stephen's Neighbourhood Centre Ltd.

Contents of the Financial Statements for the year ended 31 December 2022

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 13

St. Stephen's Neighbourhood Centre Ltd.

Report of the Trustees for the year ended 31 December 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims Mission Statement

"What we can do TOGETHER"

By working with the local community, Local Authority and other organisations we provide facilities to give everyone the opportunity to realise their talents and potential in order to create, together, a vibrant community for the common good.

Mission Implementation

We have set out our realistic Mission Statement which provides our aims and objectives going forward whilst maintaining the history and inspiration of the St Stephen's Community.

Encourage Partnership working Expand user involvement Raise self-esteem and social inclusion Act as advocates for our community Listen to our community to identify our needs Encourage diversity of groups Encourage volunteers to develop their skills Ensure continued monitoring and evaluation of our work.

The main focus of the work of the SSNC during the year was the same as in previous years:- to provide Youth Workers, who work alongside other local agencies, to support young people in the community. It also continues to support the Housebound Group by acting as host to their activities and offers the Hall for hire for activities or parties as prescribed by the needs of the community.

The trustees confirm they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning their activities for the year.

The trustees have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to public benefit, guidance as published by the Charity Commission.

FINANCIAL REVIEW

Principal funding sources

The principal funding sources for the charity's activities have been provided by way of grant and contract income from: Big Local Grant, Ward funding, Food Project Grant, and Fairshare grant as well as Hall rental income

Investment policy and objectives

Aside from retaining a prudent amount in reserves each year most of the charity's funds are spent in the short term so there are few funds available for long term investment.

As with most Charitable Organisations 2022 has been another challenging year but we have maintained our focus on our Ethos of helping those less fortunate and offering a centre of help. After a short period of closure at the beginning of the Pandemic we moved our lunch club and after school food offering to food parcels and delivering activity packs. Following a meeting of the NYA and Government we were allowed to reopen our Youth Programme to limited numbers and for those from disadvantaged backgrounds. As we work on a deprived estate we continued this approach through into 2022, including offering a summer programme of activities and food for our families and young members. This approach has allowed us to keep in touch with those of our young people who might have been lost.

Our links to our Lunch club members was re-established with food deliveries and phone contacts and the Centre acted as a drop in for those struggling with Internet connections.

Page 1

St. Stephen's Neighbourhood Centre Ltd.

Report of the Trustees for the year ended 31 December 2022

FINANCIAL REVIEW

Reserves policy

The Management Committee are examining the charity's requirements for reserves in light of the main risks to the organisation. It has established a policy where by the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 3 to 6 months of the expenditure. The reserves are needed to meet the working capital requirements of the charity and the Management Committee are confident that at this level they would be able to continue the current activities of the charity in the event of a significant drop in funding.

FUTURE PLANS

Our plans remain unchanged in that we intend to continue our progress to sustainability and therefore only look for funding in relation to Projects that cannot generate their own income.

We will still look;

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

The Directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting.

The current Management Committee has a range of skills and knowledge that contribute to the management of the organisation. In an effort to maintain their broad skills mix, members of the Management Committee are requested to complete an annual skills audit and update it each year, where gaps are identified appropriate training is provided.

Organisational structure

The SSNC is independent of St Stephens Parish but shares a campus and an ethos. The SSNC has the use of its buildings on a peppercorn rent from the Diocese of Middlesbrough as a contribution to its work. The Centres' values are based upon Christian principles, but open to people of all or no faith. These core principles are Respect, Tolerance, Community, Care and Outreach.

The SSNC has a Management Committee of up to eight members who meet monthly and are responsible for the strategic direction and policy of the charity. At present the Committee has eight members from a variety of professional backgrounds relevant to the work of the charity. The Secretary also sits on the Committee but has no voting rights. There is an Executive Board which has delegated powers and meets monthly to review finances, funding bids and activities. Task Groups cover issues such as Health & & Safety, Finance, Personnel and Community Links.

Safeguarding (Child Protection) is under Hull City Council's Disclosure Barring Services. The point of reference for St Stephen's Neighbourhood Centre is B. V. France.

Page 2

St. Stephen's Neighbourhood Centre Ltd.

Report of the Trustees for the year ended 31 December 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Induction and training of new trustees

New trustees are invited and encouraged to attend a series of short training sessions to familiarise themselves with the charity and the context within which it operates. These are jointly led by the Chair of the Management Committee and the Chief Officer of the charity and cover:

A Question and Answer pack has been produced drawing information from various Charity Commission publications signposted through the Commissions guide "The Essential Trustee" as a follow up to the secessions. This is distributed to all new and existing trustees along with the Memorandum and Articles and the latest financial statements. Feedback from new trustees about their induction is also collected.

In relation to training, each year all of the staff are assessed and courses attended. The Project Manager also ensures monthly discussions are held with the staff to identify training issues. Are view of training needs has been undertaken to ensure that all of the staff are up to date with current regulations.

Related parties

The charity is conscious of the needs of the community and the changes to local and national targets.

Wherever practicable the charity is guided by local and national policy.

Networking and Partnerships are encouraged in the development of the Centre.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The Management Committee has conducted are view of the major risks to which the charity is exposed. A risk register has been established and is updated periodically. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Significant external risks to funding have led to the development of a strategic plan, which will allow for the diversification of funding and activities.

Internal control risks are minimised by the implementation of procedures for authorisation of all financial transactions.

Policies and procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to the Centre.

The charity is an equal opportunities organisation and is committed to a working environment that is free from any form of discrimination on the grounds of colour, race, ethnicity, religion, sex, sexual orientation or disability. The charity will make reasonable adjustment to meet the needs of staff or volunteers who are or become disabled. Volunteers are an important resource in undertaking our work. All staff and volunteers with the charity undertake a DBS check prior to commencement of work or trusteeship.

All our trustees give their time freely and no remuneration was paid to them in the year.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

04321455 (England and Wales)

Registered Charity number

Registered office

96 Annandale Road Greatfield Estate Hull HU9 4LA

Page 3

St. Stephen's Neighbourhood Centre Ltd.

Report of the Trustees

for the year ended 31 December 2022

Trustees

Mrs S Dunne - Solicitors Clerk B V France - Director Rev C J D Larwood - Retired P Rawson - Retired Mrs D M Thompson – House Wife K Critchon - Trustee (appointed 20/7/2022)

Trustees are elected for a 3 year term. The trustees up for re-election this year were Mr B France and Mr P Rawson. Both have been re-elected.

Company Secretary

Mrs D M Thompson

Independent Examiner

Antony Rookes FCCA Southgates Chartered Certified Accountants 9 Market Place Hedon East Yorkshire HU12 8JA

Approved by order of the board of trustees on 27 September 2023 and signed on its behalf by:

Mrs D M Thompson - Trustee

Page 4

Independent Examiner's Report to the Trustees of St. Stephen's Neighbourhood Centre Ltd.

Independent examiner's report to the trustees of St. Stephen's Neighbourhood Centre Ltd. ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.

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:

  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.

Antony Rookes FCCA

Southgates Chartered Certified Accountants Hedon

27 September 2023

Page 5

St. Stephen's Neighbourhood Centre Ltd.

Statement of Financial Activities

for the year ended 31 December 2022

Unrestricted
Restricted
funds
funds
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2,806
59,754
Charitable activities
Scheme projects
20,260
-
Investment income
2
7
-
Total
23,073
59,754
EXPENDITURE ON
Charitable activities
Scheme projects
27,633
41,739
NET INCOME/(EXPENDITURE)
(4,560)
18,015
Transfers between funds
9
(2,151)
2,151
Net movement in funds
(6,711)
20,166
RECONCILIATION OF FUNDS
Total funds brought forward
52,629
16,744
TOTAL FUNDS CARRIED FORWARD
45,918
36,910		 2022
Total
funds
£
62,560
20,260
7
82,827
69,372
13,455
-
13,455
69,373
82,828		 2021
Total
funds
£
57,553
15,072
2
72,627
59,566
13,061
-
13,061
56,312
69,373

The notes form part of these financial statements

Page 6

St. Stephen's Neighbourhood Centre Ltd.

Balance Sheet

31 December 2022

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
7
21,858
CURRENT ASSETS
Cash at bank and in hand
25,320
CREDITORS
Amounts falling due within one year
8
(1,260)
NET CURRENT ASSETS
24,060
TOTAL ASSETS LESS CURRENT LIABILITIES
45,918
NET ASSETS
45,918
FUNDS
9
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
725
36,410
(225)
36,185
36,910
36,910		 2022
Total
funds
£
22,583
61,730
(1,485)
60,245
82,828
82,828
45,918
36,910
82,828		 2021
Total
funds
£
30,835
39,738
(1,200)
38,538
69,373
69,373
52,629
16,744
69,373

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 27 September 2023 and were signed on its behalf by:

D M Thompson - Trustee

The notes form part of these financial statements

Page 7

St. Stephen's Neighbourhood Centre Ltd.

Notes to the Financial Statements for the year ended 31 December 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 5% on cost
Fixtures and fittings - at varying rates on cost
Computer equipment - 25% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. INVESTMENT INCOME

Deposit account interest
3.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 2022
£
7
2022
£
10,772		 2021
£
2
2021
£
10,490

Page 8

St. Stephen's Neighbourhood Centre Ltd.

Notes to the Financial Statements - continued for the year ended 31 December 2022

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.

Trustees' expenses

There were no trustees' expenses paid in the year ended 31st December 2022 nor in the previous year.

5. STAFF COSTS

The average monthly number of employees during the year was as follows:

Number of project staff
Number of management staff
Number of trustees
Number of other staff		 2022
4
1
6
1
12		 2021
4
1
5
-
10

No employees received emoluments in excess of £60,000.

6.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
102
57,451
Charitable activities
Scheme projects
15,072
-
Investment income
2
-
Total
15,176
57,451
EXPENDITURE ON
Charitable activities
Scheme projects
22,523
37,043
NET INCOME/(EXPENDITURE)
(7,347)
20,408
Transfers between funds
16,837
(16,837)
Net movement in funds
9,490
3,571
RECONCILIATION OF FUNDS
Total funds brought forward
43,139
13,173
TOTAL FUNDS CARRIED FORWARD
52,629
16,744		 Total
funds
£
57,553
15,072
2
72,627
59,566
13,061
-
13,061
56,312
69,373

Page 9

St. Stephen's Neighbourhood Centre Ltd.

Notes to the Financial Statements - continued

for the year ended 31 December 2022

7. TANGIBLE FIXED ASSETS

Improvements
to
property
£
COST
At 1 January 2022
203,174
Additions
631
At 31 December 2022
203,805
DEPRECIATION
At 1 January 2022
173,277
Charge for year
10,104
At 31 December 2022
183,381
NET BOOK VALUE
At 31 December 2022
20,424
At 31 December 2021
29,897
8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accrued expenses
9.
MOVEMENT IN FUNDS

At 1.1.22
£
Unrestricted funds
General fund
43,239
Lunch Club - unrestricted
9,390
Thompson Donations
-
52,629
Restricted funds
Youth Outreach
9,370
Celebrate Funding and Ward Funding
763
Welcome Club
86
Rank Foundation
380
James Reckitt Grant
2,162
Good Things Foundation
685
Winter Warmer Project
270
Jubilee Lottery
528
Lunch Club and Kitchen
2,500
16,744
TOTAL FUNDS
69,373		 Fixtures
and
fittings
£
27,369
1,889
29,258
26,884
215
27,099
2,159
485
Net
movement
in funds
£
(5,430)
364
506
(4,560)
(11,521)
1,518
2,592
-
16,000
(685)
6,934
2,178
999
18,015
13,455		 Computer
equipment
Totals
£
£
14,297
244,840
-
2,520
14,297
247,360
13,844
214,005
453
10,772
14,297
224,777
-
22,583
453
30,835
2022
2021
£
£
1,485
1,200
Transfers
between
At
funds
31.12.22
£
£
(2,151)
35,658
-
9,754
-
506
(2,151)
45,918
2,151
-
-
2,281
-
2,678
-
380
-
18,162
-
-
-
7,204
-
2,706
-
3,499
2,151
36,910
-
82,828

Page 10

St. Stephen's Neighbourhood Centre Ltd.

Notes to the Financial Statements - continued for the year ended 31 December 2022

9. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Lunch Club - unrestricted
Thompson Donations
Restricted funds
Youth Outreach
Celebrate Funding and Ward Funding
Welcome Club
James Reckitt Grant
Good Things Foundation
Winter Warmer Project
Jubilee Lottery
Lunch Club and Kitchen
TOTAL FUNDS		 Incoming
resources
£
19,050
2,023
2,000
23,073
17,903
5,214
3,999
16,000
-
10,005
5,634
999
59,754
82,827		 Resources
Movement
expended
in funds
£
£
(24,480)
(5,430)
(1,659)
364
(1,494)
506
(27,633)
(4,560)
(29,424)
(11,521)
(3,696)
1,518
(1,407)
2,592
-
16,000
(685)
(685)
(3,071)
6,934
(3,456)
2,178
-
999
(41,739)
18,015
(69,372)
13,455

Comparatives for movement in funds

Net Transfers
movement between At
At 1.1.21 in funds funds 31.12.21
£ £ £ £
Unrestricted funds
General fund 34,670 (7,913) 16,482 43,239
Lunch Club - unrestricted 8,469 921 - 9,390
Thompson Donations - (355) 355 -
43,139 (7,347) 16,837 52,629
Restricted funds
Youth Outreach 8,930 17,670 (17,230) 9,370
Celebrate Funding and Ward Funding 763 (146) 146 763
LPM 119 - (119) -
Welcome Club 914 (414) (414) 86
Rank Foundation 380 - - 380
James Reckitt Grant 1,382 - 780 2,162
Good Things Foundation 685 - - 685
Winter Warmer Project - 270 - 270
Jubilee Lottery - 528 - 528
Lunch Club and Kitchen - 2,500 - 2,500
13,173 20,408 (16,837) 16,744
TOTAL FUNDS 56,312 13,061 - 69,373

Page 11

St. Stephen's Neighbourhood Centre Ltd.

Notes to the Financial Statements - continued for the year ended 31 December 2022

9. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 13,991 (21,904) (7,913)
Lunch Club - unrestricted 1,085 (164) 921
Thompson Donations 100 (455) (355)
15,176 (22,523) (7,347)
Restricted funds
Youth Outreach 48,686 (31,016) 17,670
Celebrate Funding and Ward Funding 2,275 (2,421) (146)
Welcome Club - (414) (414)
Winter Warmer Project 1,990 (1,720) 270
Jubilee Lottery 2,000 (1,472) 528
Lunch Club and Kitchen 2,500 - 2,500
57,451 (37,043) 20,408
TOTAL FUNDS 72,627 (59,566) 13,061

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1.1.21 in funds funds 31.12.22
£ £ £ £
Unrestricted funds
General fund 34,670 (13,343) 14,331 35,658
Lunch Club - unrestricted 8,469 1,285 - 9,754
Thompson Donations - 151 355 506
43,139 (11,907) 14,686 45,918
Restricted funds
Youth Outreach 8,930 6,149 (15,079) -
Celebrate Funding and Ward Funding 763 1,372 146 2,281
LPM 119 - (119) -
Welcome Club 914 2,178 (414) 2,678
Rank Foundation 380 - - 380
James Reckitt Grant 1,382 16,000 780 18,162
Good Things Foundation 685 (685) - -
Winter Warmer Project - 7,204 - 7,204
Jubilee Lottery - 2,706 - 2,706
Lunch Club and Kitchen - 3,499 - 3,499
13,173 38,423 (14,686) 36,910
TOTAL FUNDS 56,312 26,516 - 82,828

Page 12

St. Stephen's Neighbourhood Centre Ltd.

Notes to the Financial Statements - continued for the year ended 31 December 2022

9. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 33,041 (46,384) (13,343)
Lunch Club - unrestricted 3,108 (1,823) 1,285
Thompson Donations 2,100 (1,949) 151
38,249 (50,156) (11,907)
Restricted funds
Youth Outreach 66,589 (60,440) 6,149
Celebrate Funding and Ward Funding 7,489 (6,117) 1,372
Welcome Club 3,999 (1,821) 2,178
James Reckitt Grant 16,000 - 16,000
Good Things Foundation - (685) (685)
Winter Warmer Project 11,995 (4,791) 7,204
Jubilee Lottery 7,634 (4,928) 2,706
Lunch Club and Kitchen 3,499 - 3,499
117,205 (78,782) 38,423
TOTAL FUNDS 155,454 (128,938) 26,516

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2022.

Page 13