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← Romney Marsh Community Hub

2025-03-31-accounts

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 2025

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 2025

----- Start of picture text -----
Page
Chair's Statement 1
Report of the Trustees 2 to 9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12 to 13
Cash Flow Statement 14
Notes to the Cash Flow Statement 15
Notes to the Financial Statements 16 to 26
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ROMNEY MARSH COMMUNITY HUB

CHAIR'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

The year ending 31 March 2025 was one of rapid progress and challenges.

The Board of Trustees completed a comprehensive strategic review and in October 2024 published a 5 year plan for the future of the charity. We took available information from Council and NHS sources to profile the residents of The Romney Marsh area. We then identified likely needs that would need to be met to help the older residents enjoy a fulfilled and healthy life and built them into the plan.

The Plan set out six strategic goals:

Almost immediately we were confronted by a series of opportunities that while challenging moved us forward in achieving those defined goals.

For a long- time we have sought to expand our trading activities, to create funds to support our charitable activities, as part of our financial resilience plans. The opportunity arose to acquire a lease in New Romney high street which allowed us to open a high-profile charity shop, to complement our shop in Rye.

Soon afterwards we identified a very attractive opportunity to create a second Hub, including a café/restaurant, in a seaside location in Greatstone. Our team went to work and refurbished the building, with financial support from local sponsors, and opened the Hub on the Beach This has both extended our reach in the community and created a potentially vibrant trading opportunity.

The third opportunity arose when we were approached by Kent County Council about creating a local transport hub with financial support from HM Government. After some research, it was clear the most urgent need was to provide a service which would allow residents to attend their hospital and GP appointments. Thus, we started a new community Dial a Ride membership service, branded 'The Marsh Bee' which quickly attracted users.

In an ideal world these three new ventures would have spread out over a longer period and I must thank our senior leadership team, staff and volunteers for their considerable efforts to deliver a step change in our activities.

Going into the year The Trustees had identified the need to implement a new accounts system to replace our previous cash accounting processes. The combination of new cloud- based software with enhanced management information allied to a significant expansion in our activities placed great strain upon the system which has resulted in a delay in producing these accounts. Thankfully we have now recruited a suitably qualified accounts officer who is gradually bringing the system up to scratch.

The year has been one of investment in broadening the range and reach of our activities, this has inevitably diminished our reserves, but we believe this will payback in future.

In a recent report, Where People Meet*, the importance of Community Hubs to secure the resilience of local communities was emphasised. Comments like ''not a nice-to-have'' and ''a place of Pride'' indicated the importance of supporting the estimated 21,000 community hubs across the country.

We are grateful for the support of our local Councils and other funding bodies, as we move ahead with our aim of placing our activities at the heart of our community. I would like to take the opportunity to thank our Board of Trustees for their work in compiling our strategic plan and in promoting and supporting our activities

Neil McClure FCA Chair of Trustees

Page 1

ROMNEY MARSH COMMUNITY HUB (REGISTERED NUMBER: 04396846)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

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 March 2025. 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

Our Charitable Object

The Charity's object is to promote the care of over 50-year-old residents, in any matter which is now or in the future deemed by law to be charitable, within the Folkestone and Hythe District Council area of Romney Marsh.

Our Purpose and Core Values

In October 2024, the Trustees published a 5-year plan for the charity which identified our purpose, core values and priorities:

Our Purpose:

Our Core Values:

Our Priorities:

Our Volunteers

We are deeply grateful for the dedication and generosity of our volunteers, who remain at the heart of everything we do at the Community Hub. Between April 2024 and March 2025, our volunteers contributed an incredible 13,081 hours of their time across a wide range of roles. These included supporting our two charity shops, assisting at the Hub on the Beach, working with our day support clients, keeping the refurbished garden at the Hub under control, acting as chaperones on client transport, supporting the clients at our memory cafes, helping with administrative tasks, fundraising, leading community walks, and-new this year-driving for the Marsh Bee transport service.

Page 2

ROMNEY MARSH COMMUNITY HUB (REGISTERED NUMBER: 04396846)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

OBJECTIVES AND ACTIVITIES

Main Activities undertaken to further the Charity's purposes for the public benefit

Supporting our community

The Romney Marsh Community Hub is proud to be located at the heart of the Marsh and to play an active role in supporting the local economy. Our commitment to the community extends beyond the services we provide-every member of staff at both the Hub and the Hub on the Beach lives on the Romney Marsh.

As one of the largest private employers in the area, we are proud to contribute directly to local employment and economic stability. Wherever possible, we prioritise sourcing goods and services from local suppliers and contractors. Examples of this is the installation of our new fire and security alarm system and of our solar panels, where we chose local contractors based on the Marsh to carry out the required work.

Our Services

Primary users of the charity's services today are:

Although the community hub building, located in New Romney, is the core of our organisation, we also run a range of activities and outreach services in the community. Services provided include the following:

Page 3

ROMNEY MARSH COMMUNITY HUB (REGISTERED NUMBER: 04396846)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

OBJECTIVES AND ACTIVITIES

Our Infrastructure

Over the last 12 months, we have been able with support from our local community and with funding via local councils to invest substantially in our physical infrastructure.

Page 4

ROMNEY MARSH COMMUNITY HUB (REGISTERED NUMBER: 04396846)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

FINANCIAL REVIEW

Financial Management

A decision was made by Trustees to move the charity's trading activities into a wholly owned subsidiary, Romney Marsh Community Hub Trading Limited, as it was necessary to register these activities for VAT. During the year, the trading of the two charity shops and The Hub on the Beach were recorded through this Company. The plan is that all profits generated through trading activities will be donated at the end of the year to the charity.

At Trustee meetings, the Charity's up to date financial activity against budget, cash flow and bank balances are presented and discussed. Any continuation funding for services which are provided using the Charity's free reserves are made at the annual Budget meeting.

The Chief Executive, together with her Senior Leadership Team, monitors the income and expenditure for each department at the end of every calendar month. If a department is not performing as predicted in the budget, any increase/decrease in activity that may require further discussion is reported at the next Trustee meeting.

The Board of Trustees have established a Finance Sub Committee whose formal role is to carry out a detailed review of the Charity's finances and risk management and fundraising and to report to each Trustee meeting. The Sub Committee also carries out a detailed review of the Annual Budget for approval by the Board of Trustees.

At the beginning of the financial year, a decision was taken to upgrade the financial systems and to move to a cloud-based accounting system allowing management to access information more freely. Unfortunately, several complications, not least difficulty in securing banking for the trading subsidiary that would allow integration into the new system, proved difficult. The establishment of the new system was subcontracted to a bureau, but over time proved expensive compared to the previous system. We continued to struggle to find a solution, which has resulted in a delay in producing these accounts, but with the recent hiring of a new suitably qualified accounting officer we have brought the accounts processing in house.

Monitoring the charity's activities - The Chief Executive provides a written report at every Trustee meeting, outlining the Charity's current activities and any future threats or opportunities. The number of Trustee meetings held in a year is 6 with Finance Sub-committee meeting held before each Trustee meeting.

Funding from statutory bodies comes with Key Performance Indicators. Reports to those bodies are provided as required by the agreements.

Page 5

ROMNEY MARSH COMMUNITY HUB (REGISTERED NUMBER: 04396846)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

FINANCIAL REVIEW

Fundraising activities and income generation

Fundraising activities for this year included:

Again, this year, we successfully secured small grants from a number of funders including Kent Community Foundation, New Romney Town Council, Folkestone and Hythe District Council, Kent County Council, SEK, Active Kent and Medway, MacMillan and the Co-op. This funding paid for new equipment and subsidised some of our classes, plus funds to continue our Veterans Support Group, our Diabetes support group, and to provide Warm Hub again this year.

In addition to our small grants, we also successfully received substantial funding from: The National Lottery, HM Government Rural Transport support funding via Kent County Council, Henry Smith Trust, Little Cheyne Wind Farm, Kent County Council, Paula Carr, Edward Gosling, Garfield Weston, Grassroots via Folkestone Hythe District Council, HM Government Rural Prosperity Fund, and PC Phillips Foundation. These funds helped us to secure a new minibus, start planning for our Marsh Bee(previously known as Dial a Ride) Service, install solar panels at The Hub, and support our general running costs.

Reserves policy

The Trustees have reviewed the reserves of the charitable company and have established a policy under which the free reserves held by the charitable company, defined as unrestricted current assets less unrestricted current liabilities, should equate to 3 months of unrestricted expenditure on charitable activities that is approximately £145,000. This provides working capital and would enable the charitable company to continue operations in the event of a significant drop in funding long enough to reduce or cease its activities in an orderly manner.

In recognition of the more uncertain economic conditions comprising both a reduction in the number of local authority contracts and reduced grant funding the trustees intend to develop the charity's trading activities to help underwrite its ongoing costs.

As a result of our considerable roll out of new activities and venues during the year our reserves at year end were £32,578. Attention will be given to rebuilding these reserves within our strategic priority of building long term sustainable financing.

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Page 6

ROMNEY MARSH COMMUNITY HUB (REGISTERED NUMBER: 04396846)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

PLANS FOR FUTURE PERIODS

Given the significant changes in the charity's operations in the 24/25 financial year, the Trustees now look to consolidate our activities, while always being aware of new needs that we might be called upon to help meet.

Our Chief Executive represents the charity on a wide range of local and county-wide committees and organisations including The Romney Marsh Partnership, the local Integrated Care Partnership and the new Community Health initiative.

The Trustees attach great importance to these partnerships to ensure our voice, and that of our users, is heard and that we can have a hand in designing local services to ensure they meet the needs of the older population of Romney Marsh.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

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

Romney Marsh Community Hub is a company limited by guarantee, without share capital, incorporated on 18 March 2002 and registered as a charity on 12 August 2002.

The company was established under the Memorandum of Association, which sets out the objects and powers of the charity company and is governed by its Articles of Association.

During the year, the Trustees undertook a wide-ranging governance review which concluded that some administrative provisions within the Articles of Association, particularly those defining the members of the charity, the appointment of trustees, and the organisation of General Meetings would benefit from an update. New Articles of Association were approved by the Company in General Meeting on 30 January 2026 and will be filed at Companies House and Charities commission with these accounts.

Method of Appointment or Election of Trustees

Trustees with suitable expertise are recruited to assist the existing trustees to manage RMCH. It is envisaged that all Trustees will have an interest in older people and an understanding of the difficulties some face in maintaining a fulfilling life.

All of the Board of Trustees are also Directors of the limited company. In accordance with the Charity's existing Articles of Association, the Honorary Officers are re-elected each year and other members of the Board of Trustees retire in rotation. One third of members retire each year and are eligible for re-election. The Board of Trustees are entitled, as the members, to appoint new Trustees during the year.

Organisational Structure and Decision-Making Policies

The Trustees meet a minimum of six times each year. In the week prior to the meeting, Trustees are sent the Chair and Chief Executive's Report, which outlines the day-to-day operations of RMCH since the last meeting and key issues for consideration by the Board. These reports may also include specific decisions to be made by the Trustees. Any financial reports are also sent out one week prior to the meetings together with Minutes of the Finance Sub Committee which meets bi-monthly. Receiving reports prior to the meetings allows Trustees time to consider the content and request any further information they may require.

Trustees administer the Charity and company. The Trustees have adopted a formal Scheme of Delegation under which the Chief Executive manages the day-to-day operations of the charity's services. The Trustees are familiar with those activities and bear in mind Charity Commission guidance on public benefit when making decisions. To facilitate effective operations, the Chief Executive has delegated authority from the Trustees for operational matters including finance, employment of staff, recruitment of volunteers and the provision of services.

During the year, the Board of Trustees instituted a formal Strategic Review to identify the key issues confronting the elderly residents of our locality and the ways in which the charity would need to change to help them meet these challenges. A formal 5 Year Strategic Plan for 2024-2029 was published in October 2024 and will be formally reviewed in Q2 of 2026.

Page 7

ROMNEY MARSH COMMUNITY HUB (REGISTERED NUMBER: 04396846)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Policies adopted for the induction and training of Trustees

A Prospective Trustee will first meet with the Chief Executive to undergo an orientation programme, as set out in the Trustee Induction Policy, which includes an introduction to how the charity operates its day-to-day activities. A Committee of any two trustees will then meet acting as a Nominations Committee who will meet with the Prospective Trustee and the Chief Executive. Before a final nomination for appointment is made to the Board a meeting with the Chair of Trustees will then take place. Links to relevant guidelines published by the Charity Commission, copies of Chief Executive Reports to Trustee meetings, and copies of previous minutes of Trustee meetings are provided. A Resolution for appointment as a Trustee will then be put to a meeting of Trustees and if appointed the trustee will then become a member.

New Trustees visit the RMCH site to meet staff, other trustees, volunteers and clients to familiarise themselves with those involved with the charity's work. Trustees are also encouraged to attend relevant training events.

Pay policy for key management personnel

Senior staff pay grades are compared to other local charity staff with similar responsibilities. Staff pay increases are based on the anticipated grant income charged for service income and the previous year's overall financial position. Any agreed percentage increase is awarded to all staff following the annual budget meeting, except when legislation, such as the minimum wage increase, is implemented and any consequential effect on differentials. At the beginning of the 24/25 financial year the Chief Executive Officer and her Deputy both waived their entitlement to a pay increase.

Related party relationships

There were no related party relationships.

Financial risk management

The Trustees have a risk management strategy/plan which comprises:

The key controls used by the Charity include:

One of the key elements in the management of financial risk is the establishment of a Reserves Policy and a regular review process to ensure adequate long-term assurance of operational services.

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 8

ROMNEY MARSH COMMUNITY HUB (REGISTERED NUMBER: 04396846)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Trustees

Mrs C J Waters Mrs C Metcalfe Ms V A Butt N J McClure R A Joynes Ms A Clayson Ms K M Gowing (appointed 13/8/2024) Ms M Howard-Healy Ms J D Oliver Ms P Rolfe P C Webb (appointed 1/7/2024) M O'Connor (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

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 31 March 2026 and signed on its behalf by:

N J McClure - Trustee

Page 9

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ROMNEY MARSH COMMUNITY HUB

Independent examiner's report to the trustees of Romney Marsh Community Hub ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

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.

David Ashby FCCA The Association of Chartered Certified Accountants

Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers Rye East Sussex TN31 7LJ

31 March 2026

Page 10

ROMNEY MARSH COMMUNITY HUB

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Grants and donations
3
68,128
Charitable activities
6
Day Centre
262,157
Other trading activities
4
26,421
Investment income
5
3,501
Other income
-
Total
360,207
EXPENDITURE ON
Charitable activities
7
Day Centre
577,777
NET INCOME/(EXPENDITURE)
(217,570)
Transfers between funds
19
69,945
Net movement in funds
(147,625)
RECONCILIATION OF FUNDS
Total funds brought forward
945,260
TOTAL FUNDS CARRIED FORWARD
797,635		 2025
Restricted
Total
funds
funds
£
£
371,495
439,623
-
262,157
-
26,421
-
3,501
-
-
371,495
731,702
272,902
850,679
98,593
(118,977)
(69,945)
-
28,648
(118,977)
16,703
961,963
45,351
842,986		 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

The notes form part of these financial statements

Page 11

ROMNEY MARSH COMMUNITY HUB (REGISTERED NUMBER: 04396846)

BALANCE SHEET 31 MARCH 2025

Notes
FIXED ASSETS
Tangible assets
13
Investments
14
CURRENT ASSETS
Debtors
15
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one
year
17
NET ASSETS
FUNDS
19
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
788,010
100
788,110
123,965
12,571
136,536
(103,958)
32,578
820,688
(23,053)
797,635		 Restricted
funds
£
-
-
-
63,797
55,568
119,365
(74,014)
45,351
45,351
-
45,351		 2025
Total
funds
£
788,010
100
788,110
187,762
68,139
255,901
(177,972)
77,929
866,039
(23,053)
842,986
797,635
45,351
842,986		 2024
Total
funds
£
741,562
-
741,562
162,198
167,231
329,429
(109,028)
220,401
961,963
-
961,963
945,260
16,703
961,963

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 12

ROMNEY MARSH COMMUNITY HUB (REGISTERED NUMBER: 04396846)

BALANCE SHEET - continued 31 MARCH 2025

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 31 March 2026 and were signed on its behalf by:

N J McClure - Trustee

The notes form part of these financial statements

Page 13

ROMNEY MARSH COMMUNITY HUB

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest element of hire purchase
payments paid
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of fixed asset investments
Sale of tangible fixed assets
Interest received
Net cash used in investing activities
Cash flows from financing activities
Capital repayments in year
Net cash provided by financing 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		 2025
£
(47,025)
(1,253)
(48,278)
(85,488)
(100)
-
3,501
(82,087)
31,273
31,273
(99,092)
167,231
68,139		 2024
£
(28,006)
-
(28,006)
(50,296)
-
19,600
3,825
(26,871)
-
-
(54,877)
222,108
167,231

The notes form part of these financial statements

Page 14

ROMNEY MARSH COMMUNITY HUB

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net (expenditure)/income for the reporting period (as per
the Statement of Financial Activities)
Adjustments for:
Depreciation charges
Profit on disposal of fixed assets
Interest received
Interest element of hire purchase and finance lease rental
payments
Increase in debtors
Increase in creditors
Net cash used in operations
2.
ANALYSIS OF CHANGES IN NET FUNDS
At 1/4/24
£
Net cash
Cash at bank and in hand
167,231
167,231
Debt
Finance leases
-
-
Total
167,231		 2025
2024
£
£
(118,977)
12,516
39,040
37,224
-
(19,372)
(3,501)
(3,825)
1,253
-
(25,564)
(135,284)
60,724
80,735
(47,025)
(28,006)
Cash flow
At 31/3/25
£
£
(99,092)
68,139
(99,092)
68,139
(31,273)
(31,273)
(31,273)
(31,273)
(130,365)
36,866

The notes form part of these financial statements

Page 15

ROMNEY MARSH COMMUNITY HUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Romney Marsh Community Hub is a charitable private company, limited by guarantee, registered in England and Wales. The company's registration number, charity registration number and registered office can be found in the Report of the Trustees.

2. 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, with the exception of investments which are included at market value.

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. Any incoming resources received in an accounting period that relate exclusively to future years are deferred on the balance sheet.

Grants that do not specify any future performance-related conditions are recorded when the grant proceeds are received or receivable. Any grant that imposes specified future performance-related conditions is recognised only when the performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.

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.

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||| |---|---| |Freehold property|- 1% on cost| |Improvements to property|- 5% on cost| |Equipment|- 15% on reducing balance| |Fixtures and fittings|- 25% on reducing balance| |Minibuses and motor vehicles|- 25% on reducing balance|

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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.

continued...

Page 16

ROMNEY MARSH COMMUNITY HUB NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS

The interest element of these obligations is charged to the Statement of Financial Activities over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

DEBTORS

Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid at the year end after taking account of any discount due.

CREDITORS AND PROVISIONS

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts due.

3. GRANTS AND DONATIONS

Donations
Gift aid
Grants
Grants received, included in the above, are as follows:
Grants
4.
OTHER TRADING ACTIVITIES
Fundraising events
Cafe income		 2025
£
50,044
2,492
387,087
439,623
2025
£
387,087
2025
£
-
26,421
26,421		 2024
£
30,530
147
380,372
411,049
2024
£
380,372
2024
£
922
23,103
24,025

continued...

Page 17

ROMNEY MARSH COMMUNITY HUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

5.
INVESTMENT INCOME
Deposit account interest
6.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Charitable activities
Day Centre
7.
CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
Day Centre
140,226
8.
SUPPORT COSTS
Management
Finance
£
£
Day Centre
685,893
4,181
9.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Other operating leases
Surplus on disposal of fixed assets
Independent examination and accounts		 2025
£
3,501
2025
£
262,157
Support
costs (see
note 8)
£
710,453
Governance
costs
£
20,379
2025
£
39,040
4,484
-
3,708		 2024
£
3,825
2024
£
333,580
Totals
£
850,679
Totals
£
710,453
2024
£
37,225
19,143
(19,372)
1,808

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

continued...

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ROMNEY MARSH COMMUNITY HUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

----- Start of picture text -----
|||| |---|---|---| |11.|STAFF COSTS| |2025|2024| |£|£| |Wages and salaries|478,794|446,957| |Social security costs|26,589|21,699| |Other pension costs|7,474|6,646| |512,857|475,302|

----- End of picture text -----

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

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |Day Centre|30|30|

----- End of picture text -----

There are no employees who received total employee benefits (excluding employer pension costs) of more than £60,000.

----- Start of picture text -----
||||| |---|---|---|---| |12.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES| |Unrestricted|Restricted|Total| |funds|funds|funds| |£|£|£| |INCOME AND ENDOWMENTS FROM| |Grants and donations|30,680|380,369|411,049| |Charitable activities| |-| |Day Centre|333,580|333,580| |-| |Other trading activities|24,025|24,025| |Investment income|3,825|-|3,825| |Other income|19,372|-|19,372| |Total|411,482|380,369|791,851| |EXPENDITURE ON| |Charitable activities| |Day Centre|446,193|333,142|779,335| |NET INCOME/(EXPENDITURE)|(34,711)|47,227|12,516| |Transfers between funds|65,244|(65,244)|-| |Net movement in funds|30,533|(18,017)|12,516| |RECONCILIATION OF FUNDS| |Total funds brought forward|914,730|34,717|949,447| |TOTAL FUNDS CARRIED FORWARD|945,263|16,700|961,963|

----- End of picture text -----

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ROMNEY MARSH COMMUNITY HUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

13. TANGIBLE FIXED ASSETS

COST
At 1 April 2024
Additions
At 31 March 2025
DEPRECIATION
At 1 April 2024
Charge for year
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
COST
At 1 April 2024
Additions
At 31 March 2025
DEPRECIATION
At 1 April 2024
Charge for year
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
14.
FIXED ASSET INVESTMENTS
MARKET VALUE
Additions
NET BOOK VALUE
At 31 March 2025
At 31 March 2024		 Fixtures
and
fittings
£
41,620
-
41,620
31,908
2,429
34,337
7,283
9,712		 Improvements
Freehold
to
property
property
Equipment
£
£
£
803,372
-
47,250
-
29,500
5,014
803,372
29,500
52,264
162,468
-
21,436
7,723
123
4,402
170,191
123
25,838
633,181
29,377
26,426
640,904
-
25,814
Minibuses
and motor
Computer
vehicles
equipment
Totals
£
£
£
119,463
-
1,011,705
48,784
2,190
85,488
168,247
2,190
1,097,193
54,331
-
270,143
24,302
61
39,040
78,633
61
309,183
89,614
2,129
788,010
65,132
-
741,562
Shares in
group
undertakin
£
100
100
-

There were no investment assets outside the UK.

continued...

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ROMNEY MARSH COMMUNITY HUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

14. FIXED ASSET INVESTMENTS - continued

The company's investments at the balance sheet date in the share capital of companies include the following:

Romney Marsh Community Hub Trading Ltd (Company number: 15570646)

Registered office: Sunflower House, Rolfe Lane, New Romney, Kent, TN28 8JR Nature of business: Operation of charity shops and trading

%
Class of share:
holding
Ordinary
100
31/3/25
£
Aggregate capital and reserves
(82,257)
Loss for the period/year
(82,357)
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
£
Trade debtors
19,018
Other debtors
161,338
Prepayments
7,406
187,762
16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
£
Hire purchase (see note 18)
8,220
Trade creditors
17,621
Social security and other taxes
9,733
Other creditors
135,169
Accrued expenses
7,229
177,972
17.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025
£
Hire purchase (see note 18)
23,053		 17/3/24
£
-
-
2024
£
17,934
133,298
10,966
162,198
2024
£
-
14,158
6,573
83,114
5,183
109,028
2024
£
-

continued...

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ROMNEY MARSH COMMUNITY HUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

18. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Gross obligations repayable:
Within one year
Between one and five years
Finance charges repayable:
Within one year
Between one and five years
Net obligations repayable:
Within one year
Between one and five years
Within one year
Between one and five years
In more than five years		 Hire purchase
contracts
2025
2024
£
£
10,336
-
28,384
-
38,720
-
2,116
-
5,331
-
7,447
-
8,220
-
23,053
-
31,273
-
Non-cancellable
operating leases
2025
2024
£
£
29,875
15,492
74,401
20,900
419
-
104,695
36,392

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ROMNEY MARSH COMMUNITY HUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

----- Start of picture text -----
19. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1/4/24 in funds funds 31/3/25
£ £ £ £
Unrestricted funds
General fund 203,698 (178,530) (15,543) 9,625
Fixed assets 741,562 (39,040) 85,488 788,010
945,260 (217,570) 69,945 797,635
Restricted funds
- -
Wellbeing Contract 6,217 (6,217)
Hub 486 (486) - -
Assets - 84,945 (69,945) 15,000
Admin 10,000 (10,000) - -
Volunteer - 11,667 - 11,667
Dementia - 11,667 - 11,667
Information and Advice - 7,017 - 7,017
16,703 98,593 (69,945) 45,351
TOTAL FUNDS 961,963 (118,977) - 842,986
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 360,207 (538,737) (178,530)
Fixed assets - (39,040) (39,040)
360,207 (577,777) (217,570)
Restricted funds
Wellbeing Contract 91,794 (98,011) (6,217)
Hub 3,000 (3,486) (486)
Assets 86,945 (2,000) 84,945
Admin 5,000 (15,000) (10,000)
Volunteer 25,000 (13,333) 11,667
Dementia 100,498 (88,831) 11,667
Marsh Bee 9,283 (9,283) -
Information and Advice 42,100 (35,083) 7,017
-
Peer Support - SEK 7,875 (7,875)
371,495 (272,902) 98,593
TOTAL FUNDS 731,702 (850,679) (118,977)
----- End of picture text -----

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ROMNEY MARSH COMMUNITY HUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

19. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Fixed assets
Restricted funds
CEO Support
Wellbeing Contract
Hub
Assets
Admin
Volunteer
Dementia
TOTAL FUNDS		 At 1/4/23
£
186,011
728,719
914,730
2,500
-
13,010
-
-
10,500
8,707
34,717
949,447		 Net
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		 Transfers
between
funds
£
15,176
50,068
65,244
-
-
-
(65,244)
-
-
-
(65,244)
-		 At
31/3/24
£
203,698
741,562
945,260
-
6,217
486
-
10,000
-
-
16,703
961,963

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

Unrestricted funds
General fund
Fixed assets
Restricted funds
CEO Support
Wellbeing Contract
Hub
Assets
Admin
Volunteer
Dementia
Community Meals
TOTAL FUNDS		 Incoming
resources
£
411,482
-
411,482
-
109,470
-
65,244
105,666
17,500
79,489
3,000
380,369
791,851		 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)		 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

Wellbeing - We received £91,794 from Kent County Council via a long term contract with Social Enterprise Kent to provide wellness and wellbeing services in the community.

Hub - We received £3,000 via Folkestone Hythe District Council as the final part of a 3 year UK Shared Prosperity Fund.

continued...

Page 24

ROMNEY MARSH COMMUNITY HUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

19. MOVEMENT IN FUNDS - continued

Assets - We received a grant via Kent County Council from HM Government Rural Transport scheme to buy vehicles and pay start up costs of the Marsh Bee Dial a Ride service, we received £29,500 from Folkestone Hythe District Council under HM Government Rural Prosperity Fund to pay for solar panels that were installed on the roof of The Hub at Rolfe Lane, we received £2,000 from Romney Marsh Rotary which allowed us to replace the fencing around The Hub at Rolfe Lane, improving security and we received £2,000 from The Masonic Centre at Dymchurch which allowed us to install a video screen and soundbar into The Hub at Rolfe Lane.

Admin - We received £5,000 from Folkestone Hythe District Council to pay core costs.

Volunteer - We received £20,000 from The National Lottery to pay for our volunteer manager and £5,000 from Kent Community Foundation to cover volunteer connector costs.

Dementia - We continued to receive funding via Age UK Herne Bay to hire full time Dementia Coordinators and a part time Dementia organiser. In addition, we received £3,774 from Skipton Building Society.

Marsh Bee - In addition to the funding via KCC we received £4,200 from Kent and Medway NHS Social Care Partnership Trust towards costs of taking patients to their hospital appointments.

Information and Advice - We received £42,100 from The Henry Smith Trust.

Peer Support - We received £4,000 from Social Enterprise Kent and £3,875 from Macmillan Cancer Support to help fund our peer support activities.

TRANSFERS BETWEEN FUNDS

The transfers between funds are in relation to restricted funds that have been received in order to purchase fixed assets. Fixed assets are held as unrestricted assets in the financial statements.

20. CONTINGENT LIABILITIES

The charity received grants totalling £160,000 towards the construction of the Day Centre from Kent County Council and Folkestone and Hythe Council (formerly Shepway District Council) in 1994/95. In the unlikely event that the property ceases to be a day care centre or the freehold is sold with no replacement facility being acquired, the aforementioned grants will become immediately refundable in full.

21. RELATED PARTY DISCLOSURES

Romney Marsh Community Hub Trading Ltd (Company Number: 15570646) is a wholly owned subsidiary of Romney Marsh Community Hub.

At the end of the accounting period, there was an amount owed by Romney Marsh Community Hub Trading Ltd of £86,030.

continued...

Page 25

ROMNEY MARSH COMMUNITY HUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

22. COMPANY GUARANTORS

The extent of each guarantee is limited to £1. The company guarantors are the serving trustees.

Page 26