REGISTERED COMPANY NUMBER: 04396846 (England and Wales)
REGISTERED CHARITY NUMBER: 1093388
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
FOR
ROMNEY MARSH COMMUNITY HUB
Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
Rye
East Sussex
TN31 7LJ
ROMNEY MARSH COMMUNITY HUB
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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Chair's Report |
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Report of the Trustees |
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Independent Examiner's Report |
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9 |
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Statement of Financial Activities |
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10 |
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Balance Sheet |
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11 |
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Cash Flow Statement |
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12 |
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Notes to the Cash Flow Statement |
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Notes to the Financial Statements |
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to |
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ROMNEY MARSH COMMUNITY HUB
CHAIR'S REPORT FOR THE YEAR ENDED 31 MARCH 2024
WebegantheyearbywelcomingournewChiefExecutiveLizTaylor.Whileitwasherfirst executive
leadership role Liz quickly settled in and has worked tirelessly to promote the activities of The Hub.
LizhasjoinedlocalgroupsincludingTheRomneyMarshPartnershipandtheIntegratedCareGroups for
RomneyMarshandFolkestoneandHytheDistricttoensurethatwehaveavoiceinmattersaffecting our
localelderlycommunity.ShehasalsojoinedwithourlocalConsortiumpartnerstoseeknew contract
opportunities with health and welfare commissioning groups.
Beingtheonlycharitysolelyfocussedonthehealthandwelfareoftheelderlypopulationinthe 100
squaremilesofRomneyMarshwehaveaclearfocusandaccordinglyhavebecomethe default
destination for our local Councils when they are looking to solve problems affecting our clients.
PostCovidourlocalPCNidentifiedaparticularproblemwithCancerdetectionratesonRomney Marsh.
TheyascribedtheproblemtopatientsmissingtheirScanappointmentsatlocalhospitalsbecause of
difficultyandexpenseoftravel.WithmoneyavailabletoKentCountyCouncilfromHMGovernment we
wereapproachedinlate2023toseeifwewouldbewillingtoorganiseandmanageaDialaRide service
acrossRomneyMarshtomakesureelderlypatientscouldmaketheirGPandPatientappointments. We
agreed to apply for funding and we were delighted to be awarded funding.
Neil McClure
Chair of Trustees
Page 1
ROMNEY MARSH COMMUNITY HUB (REGISTERED NUMBER: 04396846)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31March2024.The trustees
haveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Policies and objectives
TheCharity'sobjectistopromotethecareofover50yearoldresidents,inanymatterwhichisnowor in
thefuturedeemedbylawtobecharitable,withintheFolkestoneandHytheDistrictCouncilarea of
Romney Marsh.
Volunteers
Asacharitywerelyonthesupportofallofourvolunteerswhogivetheirtimeandexpertisefreely. We
have a range of volunteer roles.
OurWellbeingvolunteersrunthePopIncaféintheHub,supporttheWellbeingteamtoprovide activities
andcompanionshiptoourDaySupportclients.Volunteersactaschaperonesonthetransport we
provide. We have a core of volunteers who assist in the delivery of Community Meals.
AssistinginthecharityshopsinRyeandNewRomneyhaveprovidedvaluableworkexperience for
studentsandsomehavestayedtocontinuewiththevolunteering.Ourreceptionstaffaresupported by
ourvolunteersandwehaveagroupofvolunteerswithspecialistinterestsorexperiencewhosupport our
walking group, craft group and peer support groups.
In 2023/2024 we received 9,887 hours support from 90 volunteers.
OurdedicatedVolunteerConnectorworkedhardwiththeVolunteersandthestafftoensurewe achieved
the Investing in Volunteers quality standard.
Main activities undertaken to further the Charity's purposes for the public benefit
Allourcharitableactivitiesfocusontheneedsofolderpeopleandareundertakentofurther our
charitablepurposesforthepublicbenefit.AtRomneyMarshCommunityHubwehavetwogroups of
serviceusers;thosethatareover50andactiveolderpeopleandthosethatareintheirlate70s and
abovewhoarelessactiveandneedmoretraditionalsupport.Manyofthewardsthatourservice users
liveinareinthebottomthirdofthemostdisadvantagedcommunitiesintheUK,withaccessto services
featuring as a particular hardship in these areas.
Thecommunityhubbuildingisthecoreofourorganisation,butwealsorunarangeofactivities and
outreach services in the community. Services provided include:
-
A day service at The Hub for older people where they can access a range of activities and special
-
interest groups, as well as a hot meal at lunch time
-
Information and advice
-
Community dining
-
Home support with domestic cleaning
-
Wellbeing classes and groups
-
Peer Support Groups for Dementia, Diabetes and Cancer
-
Veterans Support Group
-
Foot and Ear Clinics
-
Memory Cafes for people affected by Dementia
Page 2
ROMNEY MARSH COMMUNITY HUB (REGISTERED NUMBER: 04396846)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE
Key performance indicators
Financialmanagement:AtTrusteemeetingstheCharity'suptodatefinancialactivityagainst budget,
cashflowandbankbalancesarepresentedbytheTreasurer.Anycontinuationfundingforservices which
are provided using the Charity's free reserves are made at the annual Budget meeting.
TheChiefOfficeralongsidetheHeadofFinancemonitorstheincomeandexpenditurefor each
departmentattheendofeverycalendarmonth.Ifadepartmentisnotperformingaspredictedin the
budget,anyincrease/decreaseinactivitythatmayrequirefurtherdiscussionisreportedatthe next
Trustee meeting.
TheBoardofTrusteeshaveestablishedaFinanceSubCommittee,chairedbyTheTreasurer,with a
formalroletocarryoutadetailedreviewoftheCharity'sfinancesandriskmanagementand fundraising
andtoreporttoeachTrusteemeeting.TheSubCommitteealsocarriesoutadetailedreviewof the
Annual Budget for approval by the Board of Trustees.
Monitoringthecharity'sactivities:TheChiefOfficerprovidesawrittenreportatevery Trustee
meeting,outliningtheCharity'scurrentactivitiesandanyfuturethreatsoropportunities.Thenumber of
Trusteemeetingsheldinayearis6withaFinanceSubcommitteesmeetingheldbeforeeach Trustee
meeting.
FundingfromstatutorybodiescomeswithKeyPerformanceIndicators.Reportstothosebodies are
provided as required by the agreements.
Review of activities
Daysupportservice:WeofferDaySupportServicesonaTuesday,WednesdayandThursday. We
providetransporttothecentre,sothatpeoplecanparticipateinourdaysupportservice;thisis mainly
attendedbypeopleagedover70.Ourserviceuserstakepartinactivities,includingquizzes, interest
groups,artsessions,reminiscenceandchair-basedexercise.Theyalsohaveahotmealinour restaurant
atlunchtime,followedbyanendorphinraisingactivitylikeBingobeforetheygohome.Theyhave the
optionoftakinghomeapackedtea.Wehadatotalof2,169attendancesfortheyear2023/24, with
1,335 of those using our transport.
Informationandadviceservice:Weprovideconfidentialonetooneappointmentsandphonecalls in
theHubandoutinthecommunitytoanyonewhoneedssupport.Therewere1,377phonecalls made,
and2,506contactsmadewithpeoplewhoaccessedthisservice,whichisaimedathelpingthemto retain
theirindependence.Wesupportedindividualstoreviewandmaximisetheirbenefits(sothatthey could
pay for more support at home), obtain blue badges, access hardship payments and much more.
Communitydining:Weofferhotlunchesandasandwichteaviaahomedeliveryserviceto people
acrossTheMarshfivedaysaweek(weprovidefrozenmealsfortheeveningsandweekends).These are
mealsthatweprepareonsiteinourkitchen.Theservicealsoprovidesawelfarecheckon individuals,
offeringtheirfamiliespeaceofmind.Thisisaverypopularservice,wedelivered7,564mealsduring this
financial year.
Homesupportservice:Manyofourserviceuserswanttoremainintheirownhomes,butthey need
someextrasupporttodothis.Ourstaffhelpedwithdomesticchoresandshoppingon1,858 occasions
this year.
Wellbeingclassesandactivities:ThewellbeingandwellnesscontractstartedinApril2021. This
serviceprovidesopportunitiesforolderpeopletotakepartinexerciseclassesandactivitygroupsheld in
theHub.Inthisfinancialyearweintroducedmoreactivitiesasrequestedbyourserviceusers.In the
2023/2024 year we had a total of 8,750 attendances at our classes and activities.
Ourvariedrangeofactivitiesandclassesnowinclude:seatedexercise,seatedTaiChi,Pilates, Yoga,
Fitness, Tai Chi, Line Dancing, Walking, Singing, Craft, Art and Games.
Page 3
ROMNEY MARSH COMMUNITY HUB (REGISTERED NUMBER: 04396846)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
Fundraising activities and income generation
Fundraising activities for this year included:
-
The continuation of our 100 club
-
2 race nights which raised £2,045.68
-
Our 3 fayres we hold annually which raised £3,765.57
-
Our volunteers ran 4 Quiz Nights raising a total of £1,618.59
-
We held a number of themed lunches through the year, including: Coronation, Pie Day Friday and St
-
Patrick's Day. We raised a total of £1,965.56.
-InAugustourWellbeingteamembarkedonaTourDeFrancechallengeandcycledtheequivalent of
New Romney to Paris and back, raising £944.16.
-AnumberoflocalshopsandbusinesseshavenowtakencollectionpotsfortheHubandinthe year
2023/24 we raised £2,791.59 from them.
-OurSunflowercharityshopinRye,EastSussexandourshopinNewRomneyHighStreetare trading
well and providing a significant profit to support our charitable activities.
WesuccessfullysecuredsmallgrantsfromanumberoffundersincludingKentCommunity Foundation,
NewRomneyTownCouncil,FolkestoneandHytheDistrictCouncil,KentCountyCouncil,SEK, Whitehead
Monkton,ActiveKentandMedway,ColeTrust,InmanCharity,andB&Q.Thisfundingpaidfornew chairs,
arefrigeratedcounterdisplayunit,anewcommercialfryer,exerciseequipment,fundstocontinueour Ex
Armed services group and funds to provide Warm Hub again this year.
Inadditiontooursmallgrantswealsosuccessfullyreceivedsubstantialfundingfrom:The National
Lottery,LittleChayneWindFarm,KentCountyCouncil,PaulaCarr,EdwardGosling,GarfieldWeston and
PCPhillipsFoundation.Thesefundshelpedustosecureanewminibus,startplanningforourDiala Ride
Service and support our general running costs.
FINANCIAL REVIEW
Reserves policy
TheTrusteeshavereviewedthereservesofthecharitablecompanyandhaveestablishedapolicy under
whichthefreereservesheldbythecharitablecompanyshouldbeapproximatelythreemonthsof the
annualresourcesexpended,thatisapproximately£120,000.Thisprovidesworkingcapitaland would
enablethecharitablecompanytocontinueoperationsintheeventofasignificantdropinfunding long
enough to reduce or cease its activities in an orderly manner.
Wehadapproximately8monthsofreservesbytheendofthefinancialyear.Aswemoveaway from
relianceonlocalgovernmentfinancedsupporttohavingtogeneratefundsfromthirdpartygrant giving
organisationsitisinevitablethatwemayrecordsmalldeficitsforthenextyearortwo,butTrustees are
well aware of the long term need to balance income and expenditure.
Going concern
Aftermakingappropriateenquiries,theTrusteeshaveareasonableexpectationthattheCharity has
adequateresourcestocontinueinoperationalexistencefortheforeseeablefuture.Forthisreason, they
continuetoadoptthegoingconcernbasisinpreparingthefinancialstatements.Furtherdetails regarding
the adoption of the going concern basis can be found in the accounting policies.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,deedoftrust,andconstitutesalimited company
limited by guarantee, as defined by the Companies Act 2006.
RomneyMarshCommunityHubisacompanylimitedbyguarantee,withoutsharecapital, incorporated
on 18 March 2002 and registered as a charity on 12 August 2002.
Thecompanywasestablishedunderthememorandumofassociation,whichsetsouttheobjects and
powers of the charity company and is governed by its Articles of Association.
The Charity is constituted under a Memorandum of Association dated 11 March 2002.
Page 4
ROMNEY MARSH COMMUNITY HUB (REGISTERED NUMBER: 04396846)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Method of appointment or election of Trustees
TrusteeswithsuitableexpertisearerecruitedtoassisttheexistingtrusteestomanageRMCH.It is
envisagedthatallTrusteeswillhaveaninterestinolderpeopleandanunderstandingofthe difficulties
some face in maintaining a fulfilling life.
AlloftheBoardofTrusteesarealsoDirectorsofthelimitedcompany.Inaccordancewiththe Charity's
ArticlesofAssociation,theHonoraryOfficersarere-electedeachyearandothermembersoftheBoard of
Trusteesretireinrotation.Onethirdofmembersretireeachyearandareeligibleforre-election. The
BoardofTrusteesareentitled,asmembers,toappointnewTrusteesduringtheyear.Thisisthen ratified
at the annual general meeting.
Organisational structure and decision-making policies
TheTrusteesmeetaminimumofsixtimeseachyear.Oneweekpriortothemeeting,Trusteesare sent
theChairandChiefOfficer'sReport,whichoutlinestheday-to-dayoperationsofRMCHsincethe last
meetingandkeyissuesforconsiderationbytheBoard.Thesereportsmayalsoincludespecific decisions
tobemadebytheTrustees.Anyfinancialreportsarealsosentoutoneweekpriortothe meetings
togetherwithMinutesoftheFinanceSubCommittee.Receivingreportspriortothemeetings allows
Trustees time to consider the content and request any further information they may require.
TrusteesadministertheCharityandcompany.TheTrusteeshaveadoptedaformalSchemeof Delegation
underwhichtheChiefOfficermanagestheday-to-dayoperationsofthecharity'sservices.The Trustees
arefamiliarwiththoseactivitiesandbearinmindCharityCommissionguidanceonpublicbenefit when
makingdecisions.Tofacilitateeffectiveoperations,theChiefOfficerhasdelegatedauthorityfrom the
Trusteesforoperationalmattersincludingfinance,employmentofstaff,recruitmentofvolunteers and
the provision of services.
DuringtheyeartheBoardofTrusteesinstitutedaformalStrategicReviewtoidentifythekey issues
confrontingtheelderlyresidentsofourlocalityandthewaysinwhichthecharitywouldneedto change
to help them meet these challenges. A formal 5 Year Strategic Plan will be published in late 2024.
Policies adopted for the induction and training of Trustees
Newtrusteesundergoanorientationprogramme,assetoutintheTrusteeInductionPolicy, which
includesmeetingtheChiefOfficerandanexistingTrusteetodiscusshowthecharityoperates its
day-to-dayactivities.LinkstorelevantguidelinespublishedbytheCharityCommission,copiesof Chief
OfficerReportstoTrusteemeetings,andcopiesofpreviousminutesofTrusteemeetingsare provided.
NewTrusteesvisittheRMCHsitetomeetstaff,othertrustees,volunteersandclientsto familiarise
themselveswiththoseinvolvedwiththecharity'swork.Trusteesarealsoencouragedtoattend relevant
training events.
Pay policy for key management personnel
Seniorstaffpaygradesarecomparedtootherlocalcharitystaffwithsimilarresponsibilities.Staff pay
increasesarebasedontheanticipatedgrantincomechargedforserviceincomeandtheprevious year's
overallfinancialposition.Anyagreedpercentageincreaseisawardedtoallstafffollowingthe annual
budgetmeeting,exceptwhenlegislation,suchastheminimumwageincrease,isimplementedand any
knock-on effect on differentials.
Related party relationships
There were no party related relationships.
Page 5
ROMNEY MARSH COMMUNITY HUB (REGISTERED NUMBER: 04396846)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Financial risk management
The Trustees have a risk management strategy/plan which comprises:
-
An annual rolling programme to review the risks the Charity may face.
-
The establishment of systems and procedures to mitigate those risks identified in the plan.
-
The implementation of procedures designed to minimise any potential impact on the Charity should
-
those risks materialise.
The key controls used by the Charity include:
-
Formal agenda for the Trustee Meetings
-
Detailed strategic planning, budgeting and management accounting
-
Established organisational structure and lines of reporting
-
Formal lines of reporting
-
Clear authorisation and approval levels
-
Register of risks
OneofthekeyelementsinthemanagementoffinancialriskistheestablishmentofaReserves Policy
and a regular review process to ensure adequate long-term assurance of operational services.
Page 6
ROMNEY MARSH COMMUNITY HUB (REGISTERED NUMBER: 04396846)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Plans for future periods - The coming year
WiththeresignationofourChiefExecutiveJonWilsonBEMinMarch2023andtheappointmentof his
replacementLizTaylorinMay2023anewleadershipgroupwasconstitutedincludingthe Operations
Manager Derek Ruby.
WhilewehadnotanticipatedhavingafulltimeChiefExecutiveandfulltimeOperationsManager as
thingshasevolvedthishasprovidedaflexibilityofoperationswhichhasallowedtheCharityto take
opportunities as they arose and to implement at speed.
In2024/25alongsidethedevelopmentofaformal5yearstrategytobepublishedinOctober2024 we
areplanninganumberofsignificantadditionstoouractivitiesinparttoaddressourfundingneedsand in
part to provide services away from our main Hub in New Romney
InMarch2024wesignedanagreementwithKentCountyCounciltolaunchaDialaRideservice across
RomneyMarshforthoseunabletomaketheirGPorHospitalappointments.TheMarshBeeservice will
launchinearlyOctoberandifsuccessfulwehopetoexpandittoprovideawiderrangeofdestinations eg
travel hubs, for elderly residents of Romney Marsh living in isolated locations.
InAugust2024weopenedTheHubontheBeach,atCoastalDriveGreatstone.Thisprovidesa café
facilityoverlookingthebeachandacommunityspacewherewecanexpandourrangeof activities
including exercise and wellness classes
AsourSunflowercharityshopinRyebecamemoresuccessfulwereachedtheVATregistrationlimits. In
ordertoaccommodatethiswehaveestablishedaVATregisteredtradingsubsidiarywhichwillpass all
tradingprofitstosupportthecharity'sactivities.Withinthissubsidiarywehaveopenedanewshop in
NewRomneyHighStreetandhaverecentlysignedtheleaseonasecondmuchlargershopina prime
location. The profits from our trading activities are key elements in our strategy to diversify our income.
Trustee priorities for the Charity continue to be:
-
Improving Health & Wellbeing through the implementation of the KCC contract in partnership with
-
Social Enterprise Kent
-
Preventing Loneliness and Isolation
-
Providing practical help at home
-
Informing and empowering older people
-
Improving infrastructure and support for volunteers
-
Making the Hub a centre for the local community and widening its use. One example of this has been
-
the installation of an automatic launderette by the front door of The Hub which is already being well used and generating additional funds
-
Improving our efficiency and fiscal sustainability
-
The launch of a Legacy giving campaign to generate additional financial resources.
A Full 5 year Strategic Plan for the Charity will be published in October 2024.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
04396846 (England and Wales)
Registered Charity number
1093388
Registered office
Sunflower House
Rolfe Lane
New Romney
Kent
TN28 8JR
Page 7
ROMNEY MARSH COMMUNITY HUB (REGISTERED NUMBER: 04396846)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
Trustees
R F Constable (resigned 5/7/2023)
Cllr Mrs C J Waters
Cllr Mrs C Metcalfe
Ms V A Butt
Ms W P Richley (resigned 7/12/2023)
N J McClure
R A Joynes (appointed 27/6/2023)
Miss E Taylor (appointed 25/6/2023) (resigned 24/7/2023)
Ms A Clayson (appointed 3/11/2023)
Ms K M Gowing (appointed 13/8/2024)
Ms M Howard-Healy (appointed 25/3/2024)
Ms J D Oliver (appointed 3/11/2023)
Ms P Rolfe (appointed 3/11/2023)
P C Webb (appointed 1/7/2024)
Ms C Cooper (appointed 3/11/2023) (resigned 7/12/2023)
Ms P Lefevre-Jones (appointed 3/11/2023) (resigned 7/12/2023)
M O'Connor (appointed 3/11/2023) (resigned 22/7/2024)
Independent Examiner
David Ashby FCCA
Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
Rye
East Sussex
TN31 7LJ
Bankers
National Westminster Bank Plc
High Street
Ashford
Kent
TN24 8SH
ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompanies Act
2006 relating to small companies.
Approved by order of the board of trustees on 20 December 2024 and signed on its behalf by:
N J McClure - Trustee
Page 8
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
ROMNEY MARSH COMMUNITY HUB
Independentexaminer'sreporttothetrusteesofRomneyMarshCommunityHub ('the
Company')
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 March 2024.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act
2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16 of
the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').In carrying
outmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionunder Section
145(5) (b) of the 2011 Act.
Independent examiner's statement
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalisted body.
IcanconfirmthatIamqualifiedtoundertaketheexaminationbecauseIamamemberofthe Association
of Chartered Certified Accountants, which is one of the listed bodies.
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentionin 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)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
David Ashby FCCA
The Association of Chartered Certified Accountants
Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
Rye
East Sussex
TN31 7LJ
23 December 2024
Page 9
ROMNEY MARSH COMMUNITY HUB
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024
Notes
INCOME AND ENDOWMENTS FROM
Grants and donations
3
Charitable activities
6
Day Centre
Other trading activities
4
Investment income
5
Other income
Total
EXPENDITURE ON
Charitable activities
7
Day Centre
NET INCOME/(EXPENDITURE)
Transfers between funds
17
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
Unrestricted
funds
£
30,680
333,580
24,025
3,825
19,372
411,482
446,193
(34,711)
65,244
30,533
914,730
945,263 |
Restricted
funds
£
380,369
-
-
-
-
380,369
333,142
47,227
(65,244)
(18,017)
34,717
16,700 |
2024
Total
funds
£
411,049
333,580
24,025
3,825
19,372
791,851
779,335
12,516
-
12,516
949,447
961,963 |
2023
Total
funds
£
329,296
276,815
1,332
1,717
1,500
610,660
675,763
(65,103)
-
(65,103)
1,014,550
949,447 |
|
|
|
|
|
The notes form part of these financial statements
Page 10
ROMNEY MARSH COMMUNITY HUB (REGISTERED NUMBER: 04396846)
BALANCE SHEET 31 MARCH 2024
Notes
FIXED ASSETS
Tangible assets
13
CURRENT ASSETS
Debtors
14
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
17
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Unrestricted
funds
£
741,562
96,739
134,465
231,204
(27,506)
203,698
945,260
945,260 |
Restricted
funds
£
-
65,459
32,766
98,225
(81,522)
16,703
16,703
16,703 |
2024
Total
funds
£
741,562
162,198
167,231
329,429
(109,028)
220,401
961,963
961,963
945,260
16,703
961,963 |
2023
Total
funds
£
728,719
26,914
222,108
249,022
(28,294)
220,728
949,447
949,447
914,730
34,717
949,447 |
|
|
|
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006
for the year ended 31 March 2024.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
20 December 2024 and were signed on its behalf by:
N J McClure - Trustee
The notes form part of these financial statements
Page 11
ROMNEY MARSH COMMUNITY HUB
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024
Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
Net cash used in investing activities
Change in cash and cash
equivalents in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the
end of the reporting period |
2024
£
(28,006)
(28,006)
(50,296)
19,600
3,825
(26,871)
(54,877)
222,108
167,231 |
2023
£
(38,263)
(38,263)
(47,776)
1,500
1,717
(44,559)
(82,822)
304,930
222,108 |
|
|
|
The notes form part of these financial statements
Page 12
ROMNEY MARSH COMMUNITY HUB
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
Net income/(expenditure) for the reporting period (as per
the Statement of Financial Activities)
Adjustments for:
Depreciation charges
Profit on disposal of fixed assets
Interest received
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash used in operations |
2024
£
12,516
37,224
(19,372)
(3,825)
(135,284)
80,735
(28,006) |
2023
£
(65,103)
30,185
(1,500)
(1,717)
1,030
(1,158)
(38,263) |
|
|
|
2. ANALYSIS OF CHANGES IN NET FUNDS
Net cash
Cash at bank and in hand
Total |
At 1/4/23
£
222,108
222,108
222,108 |
Cash flow
At 31/3/24
£
£
(54,877)
167,231
(54,877)
167,231
(54,877)
167,231 |
|
|
|
The notes form part of these financial statements
Page 13
ROMNEY MARSH COMMUNITY HUB
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1. STATUTORY INFORMATION
RomneyMarshCommunityHubisacharitableprivatecompany,limitedbyguarantee, registered
inEnglandandWales.Thecompany'sregistrationnumber,charityregistrationnumber and
registered office can be found in the Report of the Trustees.
2. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'Accountingand Reporting
byCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheir accounts
inaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicof Ireland
(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.The financial
statements have been prepared under the historical cost convention.
INCOME
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
thefunds,itisprobablethattheincomewillbereceivedandtheamountcanbemeasured reliably.
Anyincomingresourcesreceivedinanaccountingperiodthatrelateexclusivelytofutureyears are
deferred on the balance sheet.
Grantsthatdonotspecifyanyfutureperformance-relatedconditionsarerecordedwhenthe grant
proceedsarereceivedorreceivable.Anygrantthatimposesspecifiedfuture performance-related
conditionsisrecognisedonlywhentheperformance-relatedconditionsaremet.Grants received
before the revenue recognition criteria are satisfied are recognised as a liability.
EXPENDITURE
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.
TANGIBLE FIXED ASSETS
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.
Freehold property |
- 1% on cost |
Equipment |
- 15% on reducing balance |
Fixtures and fittings |
- 25% on reducing balance |
Minibuses |
- 25% on reducing balance |
TAXATION
The charity is exempt from corporation tax on its charitable activities.
FUND ACCOUNTING
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular
restricted purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
continued...
Page 14
ROMNEY MARSH COMMUNITY HUB
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
2. ACCOUNTING POLICIES - continued
HIRE PURCHASE AND LEASING COMMITMENTS
RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitieson a
straight line basis over the period of the lease.
PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayable to
thecharitablecompany'spensionschemearechargedtotheStatementofFinancialActivities in
the period to which they relate.
DEBTORS
Tradeandotherdebtorsarerecognisedatthesettlementamountdueafteranydiscount offered.
Prepaymentsarevaluedattheamountprepaidattheyearendaftertakingaccountof any
discount due.
CREDITORS AND PROVISIONS
Creditorsandprovisionsarerecognisedwherethecharityhasapresentobligationresultingfrom a
pasteventthatwillprobablyresultinthetransferoffundstoathirdpartyandtheamountdue to
settletheobligationcanbemeasuredorestimatedreliably.Creditorsandprovisionsare normally
recognised at their settlement amount after allowing for any discounts due.
3. GRANTS AND DONATIONS
Donations
Gift aid
Grants |
2024
£
30,530
147
380,372
411,049 |
2023
£
35,224
285
293,787 |
|
|
329,296 |
Grants received, included in the above, are as follows:
4.
Other grants
OTHER TRADING ACTIVITIES
Fundraising events
Cafe income |
2024
£
380,372
2024
£
922
23,103
24,025 |
2023
£
293,787 |
2023
£
293,787 |
|
|
|
2023
£
1,332
- |
|
|
|
1,332 |
continued...
Page 15
ROMNEY MARSH COMMUNITY HUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
5. INVESTMENT INCOME
5. |
INVESTMENT INCOME |
|
|
|
|
|
|
|
|
2024 |
2023 |
|
|
|
|
£ |
£ |
|
Deposit account interest |
|
|
3,825 |
1,717 |
6. |
INCOME FROM CHARITABLE ACTIVITIES |
|
|
|
|
|
|
|
|
2024 |
2023 |
|
|
Activity |
|
£ |
£ |
|
Charitable activities |
Day Centre |
|
333,580 |
276,815 |
7. |
CHARITABLE ACTIVITIES |
COSTS |
|
|
|
|
|
|
|
Support |
|
|
|
|
Direct |
costs (see |
|
|
|
|
Costs |
note 8) |
Totals |
|
|
|
£ |
£ |
£ |
|
Day Centre |
|
141,905 |
637,430 |
779,335 |
8. |
SUPPORT COSTS |
|
|
|
|
|
|
|
|
Governance |
|
|
|
Management |
Finance |
costs |
Totals |
|
|
£ |
£ |
£ |
£ |
|
Day Centre |
624,501 |
5,278 |
7,651 |
637,430 |
9. |
NET INCOME/(EXPENDITURE) |
|
|
|
|
|
Net income/(expenditure) is |
stated after charging/(crediting): |
|
|
|
|
|
|
|
2024 |
2023 |
|
|
|
|
£ |
£ |
|
Depreciation - owned assets |
|
|
37,225 |
30,185 |
|
Other operating leases |
|
|
19,143 |
16,053 |
|
Surplus on disposal of fixed assets |
|
|
(19,372) |
(1,500) |
|
Independent examination and accounts |
|
|
1,808 |
1,935 |
10. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2024nor for
the year ended 31 March 2023.
TRUSTEES' EXPENSES
Therewerenotrustees'expensespaidfortheyearended31March2024norfortheyear ended
31 March 2023.
continued...
Page 16
ROMNEY MARSH COMMUNITY HUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
11. STAFF COSTS
2024
£
Wages and salaries
446,957
Social security costs
21,699
Other pension costs
6,646
475,302
The average monthly number of employees during the year was as follows:
2024
Day Centre
30 |
2023
£
374,355
18,761
5,076 |
|
398,192 |
|
2023
25 |
Therearenoemployeeswhoreceivedtotalemployeebenefits(excludingemployerpension costs)
of more than £60,000.
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Grants and donations
Charitable activities
Day Centre
Other trading activities
Investment income
Other income
Total
EXPENDITURE ON
Charitable activities
Day Centre
NET INCOME/(EXPENDITURE)
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
Unrestricted
funds
£
35,510
276,815
1,332
1,717
1,500
316,874
410,627
(93,753)
43,753
(50,000)
964,727
914,727 |
Restricted
funds
£
293,786
-
-
-
-
293,786
265,136
28,650
(43,753)
(15,103)
49,823
34,720 |
Total
funds
£
329,296
276,815
1,332
1,717
1,500
610,660
675,763
(65,103)
-
(65,103)
1,014,550
949,447 |
|
|
|
|
continued...
Page 17
ROMNEY MARSH COMMUNITY HUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
13. TANGIBLE FIXED ASSETS
COST
At 1 April 2023
Additions
Disposals
At 31 March 2024
DEPRECIATION
At 1 April 2023
Charge for year
Eliminated on disposal
At 31 March 2024
NET BOOK VALUE
At 31 March 2024
At 31 March 2023 |
Freehold
property
£
803,372
-
-
803,372
154,746
7,722
-
162,468
640,904
648,626 |
Equipment
£
43,875
3,375
-
47,250
16,881
4,555
-
21,436
25,814
26,994 |
Fixtures
and
fittings
£
41,620
-
-
41,620
28,670
3,238
-
31,908
9,712
12,950 |
Minibuses
Totals
£
£
79,037
967,904
46,921
50,296
(6,495)
(6,495)
119,463
1,011,705
38,888
239,185
21,710
37,225
(6,267)
(6,267)
54,331
270,143
65,132
741,562
40,149
728,719 |
|
|
|
|
|
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accrued expenses |
2024
£
17,934
133,298
10,966
162,198
2024
£
14,158
6,573
83,114
5,183
109,028 |
2023
£
13,647
80
13,187 |
|
|
26,914 |
|
|
2023
£
15,834
5,392
3,145
3,923 |
|
|
28,294 |
16. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due a
Within one year
Between one and five years |
s follows:
2024
£
15,492
20,900
36,392 |
2023
£
13,750
2,292 |
|
|
16,042 |
continued...
Page 18
ROMNEY MARSH COMMUNITY HUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
17. MOVEMENT IN FUNDS
Net
movement
At 1/4/23
in funds
£
£
Unrestricted funds
General fund
186,011
2,511
Fixed assets
728,719
(37,225)
914,730
(34,714)
Restricted funds
CEO Support
2,500
(2,500)
Wellbeing Contract
-
6,217
Hub
13,010
(12,524)
Assets
-
65,244
Admin
-
10,000
Volunteer
10,500
(10,500)
Dementia
8,707
(8,707)
34,717
47,230
TOTAL FUNDS
949,447
12,516
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
411,482
Fixed assets
-
411,482
Restricted funds
CEO Support
-
Wellbeing Contract
109,470
Hub
-
Assets
65,244
Admin
105,666
Volunteer
17,500
Dementia
79,489
Community Meals
3,000
380,369
TOTAL FUNDS
791,851 |
Transfers
between
funds
£
15,176
50,068
65,244
-
-
-
(65,244)
-
-
-
(65,244)
-
Resources
expended
£
(408,971)
(37,225)
(446,196)
(2,500)
(103,253)
(12,524)
-
(95,666)
(28,000)
(88,196)
(3,000)
(333,139)
(779,335) |
At
31/3/24
£
203,698
741,562
945,260
-
6,217
486
-
10,000
-
-
16,703
961,963
Movement
in funds
£
2,511
(37,225)
(34,714)
(2,500)
6,217
(12,524)
65,244
10,000
(10,500)
(8,707)
-
47,230
12,516 |
|
|
|
continued...
Page 19
ROMNEY MARSH COMMUNITY HUB
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
17. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
General fund
Fixed assets
Restricted funds
Transport Costs
CEO Support
Hub
Assets
Admin
Volunteer
Dementia
TOTAL FUNDS |
At 1/4/22
£
253,599
711,128
964,727
250
13,125
770
1,808
14,000
19,870
-
49,823
1,014,550 |
Net
movement
in funds
£
(63,565)
(30,185)
(93,750)
(250)
(10,625)
12,240
41,945
(14,000)
(9,370)
8,707
28,647
(65,103) |
Transfers
between
funds
£
(4,023)
47,776
43,753
-
-
-
(43,753)
-
-
-
(43,753)
- |
At
31/3/23
£
186,011
728,719 |
|
|
|
|
914,730
-
2,500
13,010
-
-
10,500
8,707 |
|
|
|
|
34,717 |
|
|
|
|
949,447 |
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Fixed assets
Restricted funds
Transport Costs
Strategic Recovery Fund
CEO Support
Wellbeing Contract
CMS
Advocacy
Hub
Assets
Admin
Volunteer
Snug in the Hub
Dementia
TOTAL FUNDS |
Incoming
resources
£
316,874
-
316,874
-
5,742
10,000
109,991
3,000
892
34,519
41,945
-
26,170
11,300
50,227
293,786
610,660 |
Resources
expended
£
(380,439)
(30,185)
(410,624)
(250)
(5,742)
(20,625)
(109,991)
(3,000)
(892)
(22,279)
-
(14,000)
(35,540)
(11,300)
(41,520)
(265,139)
(675,763) |
Movement
in funds
£
(63,565)
(30,185)
(93,750)
(250)
-
(10,625)
-
-
-
12,240
41,945
(14,000)
(9,370)
-
8,707
28,647
(65,103) |
|
|
|
|
continued...
Page 20
ROMNEY MARSH COMMUNITY HUB
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
17. MOVEMENT IN FUNDS - continued
TheRomneyMarshCommunityHub-Wehavereceived£25,000fromtheGarfield Weston
Foundationforgeneralcorecosts,£3,000fromFolkestone&HytheDistrictCouncilaspartof the
UKsharedProsperityfund,£10,000fromtheNationalLotteryand£7,000fromFolkestone& Hythe
DistrictCouncilforcorerunningcosts.£5,000fromPaulaCarrtosupporttheDiabetic Peer
SupportGroup.TobuyourclientsChristmaspresentsandtopayfortheirChristmasmealat the
Hubwereceived£775.12fromtheCo-Opand£484fromSocialEnterpriseKent.ToImprove the
decorationoftheHubandtoensureheatingisservicedwereceived£10,000from B&Q
Neighbourly Building Fund (the majority will be spent after March 2024).
Assets-£1,255wasreceivedfromFolkestone&HytheDistrictCounciltopurchasea new
commercialfryer.£37,988.80wasreceivedfromKentCountyCouncil£2148.80wasto purchase
additionalchairsandacountertopchillerforthePopinCaféand£35,840towardsthepurchase of
anewminibus.£1,000wasreceivedfromWhiteheadMonktontopurchaseanewfreezer. £25,000
was given from Edward Gosling towards the new minibus.
WarmHub-wereceived£53,666fromtheNationalLotterytocovercorecostsoverthewinter at
theHubwhichenabledustoprovideawarmspaceagain.Thismoneyalsoallowedusto purchase
appliancesthatsaveenergyforheatingandcookingtohandouttothemembersofthe community
whoneededthemthemost.£1,500wasalsoreceivedfromTheColeCharitableTrustto provide
hot drinks and snacks while the Warm Hub was operating.
VolunteerManagementandVolunteers-KentCommunityFoundation£5,000andPC Philips
Foundation£10,000gavefundstowardsthesalarycostsoftheVolunteerConnector.Age UK
Ashford, Hythe and Lyminge gave £2,500 towards volunteer meals.
Dementia-AgeUKHerneBay£89,046tohire2fulltimeDementiaCoordinatorsandonepart time
Dementiaorganiser.TheRightWorshipfulMayorofNewRomneygave£1,500forthe Dementia
TourbusexperienceandFolkestone&HytheDistrictCouncilgave£250foractivitiesat Dymchurch
Memory café.
TRANSFERS BETWEEN FUNDS
Thetransfersbetweenfundsareinrelationtorestrictedfundsthathavebeenreceivedinorder to
purchase fixed assets. Fixed assets are held as unrestricted assets in the financial statements.
18. CONTINGENT LIABILITIES
Thecharityreceivedgrantstotalling£160,000towardstheconstructionoftheDayCentre from
KentCountyCouncilandFolkestoneandHytheCouncil(formerlyShepwayDistrictCouncil) in
1994/95.Intheunlikelyeventthatthepropertyceasestobeadaycarecentreorthefreehold is
soldwithnoreplacementfacilitybeingacquired,theaforementionedgrantswill become
immediately refundable in full.
19. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
continued...
Page 21
ROMNEY MARSH COMMUNITY HUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
20. COMPANY GUARANTORS
The extent of each guarantee is limited to £1. The company guarantors are the serving trustees.
Page 22