Company tegistration number.. 05178677 Clwity registration nunther.. 1110395 Hyndburn Voluntary & Community Resource Centre Ltd. (A company limiled by guarantec) Atjnual Report and Financial Ststements for the Year Ended 30 September 2024 I st Floor. Block C The Wharf Manchester Road Burnley Lanca5hire BBII IJG
Hyndburn Voluntary & Communfity Resource Centre Ltd. Contents Reference and Administrative Details Trustees, Report 2to4 Independent Examinerfs Report Statement of Financial A¢iiviti¢s Balance Sheet Notes lo the Financial Statements 8trJ13
Hyndburn Voluntary & Communlty Resource Centre Ltd. Reference and Administrative DetAlls Trustees Mrs A P Rowland Mr5 E L Barker Mr G Coglan Mr G Mason Mrs J Bury Mrs K Orn)erod Mrs P Dobson Mr M H Lceming Mr R Cocklin Mr T Preston Charlty ReglstrAdon Number 1110395 Company Registratlon Number 05178677 Registered Office St James Old School Cannon Street Accrington Lancashire BB5 2ER Independenl Examlner KM 1st Floor. Block C The Wharf Manchesrer Road Bumley L4ncashire BRII IJG Banker Virgin Money 25 Manchester Road Burnlcy Lancashire BBII IHX Page I
Hyndburn Voluntary & Community Resource Centre Ltd. Trustees, Report The Irustees, who are direclors for the purposes of company law, present tbe annual r¢port togethtt with the financial sthlements of the charitable company for th¢ year ended 30 September 2024. Trustees And officers The trustees and officers serving during the year and since the year end weTe as follows.. Trustccs.. Mrs A P Rowland Mrs E L Bark¢r Mr G Coglan Mr G Mason (appOind 17 FAarch 20251 Mrs J Ilury Mrs K Orn]erod {appoinied l Febrnary 2025) Mrg P Dobson Mr M H Leeming (appointed l February 2025) Mr R Cocklin (appointed l February 2025) Mr T Prcsft {appointcd 17 March 2025) A new managcr Andrew has ¢om¢ on board. He hay experience of grants and funding, and is helping to make sure the building is covered oft all days with a member of the Managennt team. Cuts have been taken in pay to other members of the team lo enable Ihis. ObJ¢ctlves And A¢tlvltles The objects ol-the charity are.. for the benefit of the public in Hymdburn and surrounding area: { l ) The promotion of the effective use of resources for charitable purposes and non<haritable bodies: and (2) In the intere515 of social welfare, to improve the conditions of lif¢ of the inhabitants of the area of benefit Ihout distinction of political, religious or other opinions: in particular but not exclusively by the provision and maintenance of a community resource centre. The ¢harity achieves ils objects by the operation of the Resourcc Centre An Accrington. which is let on a 25 year lease, with no rent, frorn Hyndburn Borough Council. Flnanclal revlÈw The charity's rccurring income eonqists of rent reccivcd from community groups and other users. This sowce of income has increased from the prior year due increased activity. The trustees consider it prudent io hold unrestricted rerVeS to enable it to perforni its operations. The level of unrcstricted reserves on 30 Scplcinber 2024 was £18.33], which reinains in excess of 3 months norn] resources expended. The trus*es consider this level of reserves is sufficient. Publlc beneflt The trustees confirm that thcy have complied with the rcquirements of section 17 of the Charitie5 Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Walcs. Page 2
Hyndburn Volulltary & Communlty Resource Centre Ltd. Trustees, Report Achlevements and performAnct The principal funding source conlinues to bc rent ree£ived on the hire of hall. The building is still noi being used to Capacity. Works on the roof have now been completed and so hopeIlY all leaks will stop. A new fire alami systern has been instsllcd and further IT equipment has been purchased and installed to help enhance the training facilities. In lernis of general up keep. we have now had the windows cleaned every six months. small maintenance work h&s been completed to irnmprove communal areas; and, we have had the deeorator in to paint out new board room which fits up to 14 people, we hav¢ hirn booked in again later this year to painl the first-floor landing and generally rnaintain communal areas. Activities takins place inLlude'. Dance Syndrome {Dowms Syndrome Dancers), Red Rose Recovery rnn a craft group one morning, a men8 group and a first aid course open to all. There are also iwo narcotic% groups, Accrington Blind society(they complete th¢ talking books for the blind, a service that Is a lifeline to many). Furtherniore, there is also a spirityal awareness group: fire safety training sessions. and. a Warm Space which takes place on a Friday,Nelson College come four days a week during tcrn) time lo make use of the troining rooms we have sel and, a new management office was created when ACT left in the previous year from the ftonl receipliort area. In the building we still have tenants all of which offer support to the community in various roles, Fundlng and Grants We &re hoping io secure funding for solar panels, TRVS for the heating and LED lighting. We have approached Hyndbum Council for this and they have in theory said this would be possible though this would have to be legally approved and ¢hecks made before pla¢ernent. All of tbese actions would reduce our oper&ting costs significantly. Struetsre? gOVernnce And manAgement The organisation is a charitable company limited by guarantee. incorporplted on 13 July 2004. 11 is governed by its Articles last revised in 2005. The trustees are in the final stages of converting from a company limiled by 8uarante¢ to a Charitable Incorporated Organisation. Recrllltment and appolntment of trustees The Trustees are appointed by existing trustees &8 vacancies arise andlor additional skills arc needcd. Rlsk Management The trustees have a duty to identify and revhew the risks to which the ¢harity is exposed and lo ensure appropriatc controls are in place to provide r¢a50nable agsurance against fraud and error. Page 3
Hyndburn Voluntary & Communfity Resource Centre Ltd. Trustees, Report Small companles provlslon statement This report has been preparcd in accordance with the small companies Tegime under the Companies Act 2006. The annual report was approved by tILe truslees of the charity on 29 May 2025 and signed on its behalf by: R LJI(6VL Dob Mr8 P Dobson TTUStee Pagc 4
Hyndburn Voluntary & Community Resource Centre Ltd. Independent Examiner's Report to the trustees of Hyndburn Voluntary & Communlty Resource Centre Ltd. ('the Compajiy,) I report to the charity IsleeS on rny cxamination of the accounts of the Company for th¢ y¢ar ended 30 September 2024. RespoDslbllldes and basli of report As the charity's trustees of the Company {aDd 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 saiisfied myself thai the accounts of ihe Company are not required to be audited under Part 16 of the 2006 Act and &rc cligÈble for independent examination. I rcport in respect of my examination of your charity's accounts as carricd out wider section 145 of the Charities Act 2011 ('the 2011 Act.). In carying out my examination I have followcd tbe Directions given by the ChaTity Commission und¢r Stion 145(5)(b) of the 2011 Act. Independent exAmlner'i ita¢emen¢ I h&ve completed my examinaiion. I eonfinn that no matters have come to my attention in Connection with the examination giving me cause to believe: accounting records were not kept in respect of Hymdburn Volunlary & Community Resource Centre Ltd. as required by section 386 of the 2006 Act. or 2. the accounts do not &ccord with those records. or 3. the accounts do not comply the accounting r¢quirem¢nts of section 396 of the 2006 Act other than any requiremenl that the accowits give a 'true and fair vievl which is not a matter considered as part of an independent examinAtion' or 4. the accounts have not been prepared in accordance with the method5 and principles of the Statement of R¢commcndcd Practice for a¢¢ounting and rcporling by charilics lappliL'able to chariliey preparing their accounts in a¢cordaThce with the Financial Reporting StandaTd &pplicablc in thc UK and Republic of Ireland (FRS 102)]. T have no concerns and have come across no other mat*rs in connection with the examination to which attention should be dravm in this report in order to enable a proper understanding of the accounts to bc rcachcd. Mark H¢a¢on FCCA FCIE DChA I st Floor, Block C The Wharf Manchester koad Burnley Iancashire BBI I IJG 29 May 2025 Page 5
Hyndburn Voluntary & Communlty Resource Centre Ltd. Statement of Flnancfial Actfivltles for the Year Ended 30 September 2024 Uncluding Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrlcted funds Total 21124 Unrestrlcted Restrl¢ted funds funds Total 2023 Note Income from: Charitable activities 59.020 59,020 117742 161431 Total income 59,020 59,020 43,689 117,742 161,431 Expendlture on: Charitsble activities 62,787 62,787 64,477 117.742 182219 Total expendiiure 62,787 64,477 17,742 182,219 Nel ¢xpendiruTe 20,788 Nel movement in funds (3.7671 {3.767} (20,788) (20,788) Reconclllation of funds Totsl funds brought forward 22,098 22.098 42,886 42.886 Total ndS carried forward 18.331 18,331 22,098 22,098 All of the charity's activities derive from continuin¥ operations during the above two periods, The funds breakdown for 2023 is shown in note 12. The notes on pages 8 to 13 forni an integral part of these financial statements. Page 6
Hyndburn Voluntary & Communfity Resource Centre Ltd. (Registration number: 05178677) Balance Sheet as At 30 September 2024 2024 2023 Nott Flxed Sets Tangible as8eL8 2,270 1,000 Current assets Debtors Cash at bank arjd in hand 10 5.561 6.315 21,632 25,292 Credltors: Amounts fallln% due wlthln one year {5,571 4,194 Net Current assets 16,061 21,098 Net auets 18,331 22,098 Funds of the th2rlty: Unrestrftcted Ineome fuods UnTestri¢ted fvnds 18,331 22,098 TotAI fllndi 12 18.331 22.098 For the financial year endin8 30 September 2024 the charity was enliiled to exemption from audit under section 477 of the Companies Act 2c6 relating to Sn11 companie8. Directors, SponsIbl1]I1e8'. The membcrs h&ve not required the charity to obtsin an audit of ils accounts for Ihc ycat in qucsiion in accordance wih section 476- and I'he director.4 acknnwledge iheir respon4ibilitie8 for cornplying with the requirement$ of the Act with respect to accounting records and the preparation of accounts. The financial statements on pages 6 to 13 weie approved by the trustees, and &uthorised for issue on 29 May 2025 and signed on their behalf by: Mrs P Dobson Trn5t¢e The noles on pages 8 to 13 forn) aTr integral part of these financial statements. Page 7
Hyndburn Voluntary & Community Resource Centre Ltd. Not to the Ffinanclal Statements for the Year Ended 30 September 2024 I Charlty st4tuJ The Charity 18 limid by guarantee, incorporated in England. and ¢onsequenily does not have share capital. Each of the trllstees is liable to contribulc an amount not exceeding £1 towatds the assets of th¢ Charity in th¢ ¢v¢nl of liquidrltion, The address of ils regisiered office is.. St Janr5 Old School Cannon Street Accrington Lancashire BB5 2ER These financial stal¢m¢nis w¢r¢ authoris¢d for issu¢ by th¢ tru$t¢e$ on 29 May 2025. 2 Accountlng pollcles SummAry of Signltleant Ydccountlng pollcles and key aeeoundng e$¢lmat¢$ The principal acwuniing policies applied in the prepaTation of these financial slat¢iinis are set out below. Th¢s¢ policigs have been consistently applied lo all the years presented, unless otherwise sla¢¢d. Statement of ¢ompllAnee The financial sthiemenls h&v¢ been prepared in accordance with Accounling and Reporting by Charities.. Staternent 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)) (issued in October 2019) (Chariiies SORP {FRS 1021), the Financial Reportin8 Standard applicable in the UK and Republic of Ireland (FRS 102) aftd the Companies Act 2006. Basls of preparatlon Hyndburn Voluntary & Community Resource Centre Ltd. meets the definition of a public benefit entity under FRS 102. Assets aiid liabililt¢s are iiiilially recognised al historical cost or transaction value unless oiherwise statcd in the relevant accounting policy notes. Going concern The InLslce8 considcr that there are no material uncertainties about the charity's ability lo conlinue as a going concern nor any si8nifLcant are&8 of unccrlainty that affect the carrying value of assets h¢ld by the charity. Income All income is recognised once the charity has cntitlernent to the income, il is probable that the incorne will be received and the anK)unl of the income receivable can be measured reliably. Page 8
Hyndburn Voluntsry & Communlty Resource Centre Ltd. Notes to the Financial Statements for the Year Ended 30 September 2024 Expendlture All expenditure 18 recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the anwunt can b¢ measured reliably. All costs are allocated to the applicabl¢ expcnditure heading that aggrcgate similar costs to thglt catcgory. Where costs cannot be directly attributed to i)articular headings they have been allocated on a basis consistent with the use of resources. with central staff costs alloc84tcd on the basis of time spenl and depreciation charges allocated on the portion of the &sset'5 use. Other support costs are allocated based on the spread of staff costs. Chorlidble acdvlrfes Charitable expenditure comprises those Costs incurred by the ch&rity in the delivery of its activities and services for ILS beneficiaries. It includes both cosls that can bc allocatcd directly to such aclivitics and those costs of an indirect nature necessary lo support them. Governance costs These include the cost$ attributable lo the charity's cornpliance with constitutional and $th10ry requirements. Taxation The charity is considered to pass the tests sei out in Paragraph I Schedule 6 of the Finance Act 2010 and thergfore it meets the defmition of a chatitable company for UK corporation tax purposes. Accordinsly. the charity is Poteniially exempt from thxaiion in respeci of income or capitsl gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Charg¢able Gain$ Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tinglble flxed gssets Individual fixed assels coslin8 £500.00 or rnore are initially recorded at cost, less any subsequent accllrnulated dcprcciation and subsequcnl accumulated impairmcnt losses. Depreclation Dcprcciation is provided on langible fixed &ssets so as to write off the ¢ost or Valuatio less any estimated residual value. over their expected useful economic life as follows.. Asset cla$$ Plant and equipment Fixtures &nd fittings Computer equipment DepTe¢larfon method and rate 15f*/o per annum reducing balance basis 15D/o per annum reducing balance basis 33Yo per annum on cost Trade debtors Trade debiors are amounts duc for 8¢rvic¢s p¢rforn)ed in the ordinary course of business. Trade creditors Tre creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from supplieTS. Accounts payable are classified as current liabilities if the charity does not have an unconditional righL At the end of the reporting period, to defer settlement of the creditor for &t least twelve Months after the reporting date. If there is an unconditional right ¢0 defer scttlement for at least twelve Months after the reporting date, they are presented as nott-current liabilitie5. Page 9
Hyndburn Voluntary & Cornmunflty Resource Centre Ltd. Notes to the Flnancial Statements for the Year Ended 30 September 2024 Fund structure Unrestricted income funds are general fijnds that are available for use at the tNstees discretion in furtherance of Ihe objectives of the charity. 3 Income from charltAble actlvltles Unrestrlcted fundg General Toial 2024 Totsl 2023 Rents received Building refurbishmeftt 59,020 59,020 43,689 117,742 59,020 161431 4 Expenditure on charltAble Actlvltles Ullrestrl¢ted funds General Total 2024 Tutal 2023 Note Community cenlre expenses Staff costs Governanc¢ ¢0gts 36.507 22,346 3.934 36.507 22,346 3,934 153.019 24,425 4.775 62,787 62,787 182.219 5 Analys18 of governance And support Costs Governance ¢05ts Unrestricted funds General Total 2024 Total 2023 Independent examinerfs fee Accountancy fee Legal fecs 1,500 2,4UO 34 1,5(Kl 2.400 34 1.500 2.375 900 3.934 3,934 4.775 Page 10
Hyndburn VOlntary & Communlty Resource Centre Ltd.
Notes to the Financial Statements for the Year Ended 30 September 2024
6 Tru$tees remullerAtlon And expenses
No Irustces. nor any per50n5 cOnnted with the have received any Temunerrltion from the charity during the
year.
No Inlstees have Teceived any reimbursed expenses or any other benefits from tb¢ charity during the year.
7 St4ff colts
The aggregate payroll costs were a5 follows:
2024
2013
Stgtf cogts durlDg the year were:
Wagcs And &alaTiCS
24.425
The monthly average number of persons (including genior manasem¢nl I leadership team) employed by the
charity duTing the y¢ar
Hyndburn Voluntary & Community Resource Centre Ltd. Notes to the Financial Statements for the Year Ended 30 September 2024 9 T¥4ngible red assets Furniture and equlpment Total Cost At l October 2023 Additions 25.414 3,526 25.414 3,526 At 30 September 2024 28,940 28.940 Deprecladon At l October 2023 Charge for the year 24,414 2,256 24.414 2.256 At 30 September 2024 26,670 26.670 Net book value At 30 September 2024 At 30 September 2023 1.000 10 Debtors 2024 2023 Trade debtors Oiher debtors 5.501 60 6.216 99 5,561 6.315 I Creditors: amounts falling due within one year 2024 2023 Trade creditors OEhcr taxation and social security Oiher creditors Accruals 221 440 3,213 1,697 2.109 363 ,722 5,571 4.194 Page 12
Hyndburn Voluntary & Community Resource Centre Ltd. Notes to the Flnancfial Statements for the Year Ended 30 September 2024 12 Fund$ Bgl%nce at 30 September 2024 BalAnce at I October 2023 Ineomln2 resources Resourees expended Unrestrleted funds General 22,098 59.020 62,787 18,331 Bal*net At 30 September 2023 Balance at I October 2022 Incomlng resources Resources expended Unrestricted fvnds General 42,886 43,792 (64,580) 22,098 Restricted funds 117742 117,742 Tot21 fllDdi 182 322 13 An#ly$ls of n¢t alts between fund8 Unrestrlcted fundi General Totsl funds At 30 Septemher 2024 Tangible fixed assets Curremt ass¢t5 Current liabilities 2,270 21.632 5,571) 2,270 21,632 (5,571 Total net assets 18,331 18.331 Unrestricted funds General Total funds 1¢ 30 September 2023 Tangible fixed asseL8 Current assets cUent liabilities I,O(K> 25,292 25,292 4,194 Totsl net assets 22,098 22.098 Page 13