``` 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 ``` ||**`Page`**|**`Page`**|**`Page`**| |---|---|---|---| |**`Chair's Report`**||`1`|| |**`Report of the Trustees`**|`2`|`to`|`8`| |**`Independent Examiner's Report`**||`9`|| |**`Statement of Financial Activities`**||`10`|| |**`Balance Sheet`**||`11`|| |**`Cash Flow Statement`**||`12`|| |**`Notes to the Cash Flow Statement`**||`13`|| |**`Notes to the Financial Statements`**|`14`|`to`|`22`| ``` 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 ```