REGISTERED CHARITY NUMBER: 1112122
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
FOR
BROAD STREET MEETING HALL
Harrison Beale & Owen Limited Chartered Accountants Seven Stars House
1 Wheler Road Coventry CV3 4LB
BROAD STREET MEETING HALL
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 March 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
BROAD STREET MEETING HALL
REPORT OF THE TRUSTEES for the year ended 31 March 2023
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. 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).
ACHIEVEMENT AND PERFORMANCE
The past year has seen Broad Street Hall [BSH] strengthen its position as a local community hub that accommodates and supports the diverse communities of Coventry and particularly Foleshill.
BSH has increased its delivery of activities and services by working in partnership with other groups, organisations, and agencies. This has helped facilitate advocacy and advice services, youth provision, older people's services, and our peer support program as well as entertaining activities and community events.
Various grants throughout the year have supported BSH in creating new activities and projects -
National Lottery Reaching Community Grant continued to cover salaries and assorted core costs as well as enabling BSH to provide assorted educational and non-educational activities for free.
Go Foleshill Youth Grant helped with setting up the female youth group that provides somewhere safe for young Muslims to enjoy sports, creativity, and time with their peers.
Heart of England 'Lets Create' Grant funded the Kadence community drumming group to produce a piece of music especially for the Jubilee celebrations, which used styles and sounds from the different nationalities of Foleshill.
Healthwatch Grant was part of a citywide project that ensured the opinions of the underrepresented and marginalised were collected and fed back to NHS services.
A Community Resilience Grant from Coventry City Council helped with the continuation of the Wellness Junction sessions providing physical, emotional, and mental wellbeing activities, support, and guidance.
The team at Broad Street Hall; the trustees, staff, and volunteers, will continue to work with and on behalf of local people to help create a strong and caring neighbourhood. The board of trustees will also continue to strengthen the strategic and operational position of Broad Street Hall to ensure that there will continue to be a community hub for the future.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes a charitable incorporated organisation.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1112122
Principal address Broad Street Hall Foleshill Coventry West Midlands
Trustees
Ms B Nagra (appointed 25.10.2023) A A Ali (appointed 26.9.2023) Dr N Seyedeh (appointed 12.9.2023) M Patel (appointed 12.9.2023) Ms S Dhillion B D Lea B Flatley
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BROAD STREET MEETING HALL
REPORT OF THE TRUSTEES for the year ended 31 March 2023
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner
Harrison Beale & Owen Limited Chartered Accountants Highdown House 11 Highdown Road Leamington Spa Warwickshire CV31 1XT
Approved by order of the board of trustees on 31 January 2024 and signed on its behalf by:
B D Lea - Trustee
B Flatley - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BROAD STREET MEETING HALL
Independent examiner's report to the trustees of Broad Street Meeting Hall
I report to the charity trustees on my examination of the accounts of Broad Street Meeting Hall (the Trust) for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Gregg Olner MPhil BA(Hons) FCA
Harrison Beale & Owen Limited Chartered Accountants Seven Stars House 1 Wheler Road Coventry CV3 4LB
31 January 2024
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BROAD STREET MEETING HALL
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities 4 Grant activities Hall activities Investment income 3 Total EXPENDITURE ON Charitable activities 5 Grant activities Hall activities Other Total NET INCOME/(EXPENDITURE) Transfers between funds 13 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 2,522 - 42,391 83 44,996 1,365 44,799 - 46,164 (1,168) 916 (252) 30,967 30,715 |
Restricted funds £ - 59,324 - - 59,324 59,400 53,809 - 113,209 (53,885) (916) (54,801) 1,024,905 **970,104 ** |
2023 Total funds £ 2,522 59,324 42,391 83 104,320 60,765 98,608 - 159,373 (55,053) - (55,053) 1,055,872 1,000,819 |
2022 Total funds £ 11,510 65,116 26,117 - 102,743 102,004 20,237 4,775 127,016 (24,273) - (24,273) 1,080,145 1,055,872 |
|---|---|---|---|---|
The notes form part of these financial statements
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BROAD STREET MEETING HALL
BALANCE SHEET 31 March 2023
| Notes FIXED ASSETS Tangible assets 10 CURRENT ASSETS Debtors 11 Cash at bank CREDITORS Amounts falling due within one year 12 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 2,284 9,256 25,237 34,493 (6,062) 28,431 30,715 30,715 |
Restricted funds £ 962,023 - 8,081 8,081 - 8,081 970,104 **970,104 ** |
2023 Total funds £ 964,307 9,256 33,318 42,574 (6,062) 36,512 1,000,819 1,000,819 30,714 970,105 1,000,819 |
2022 Total funds £ 966,827 1,012 92,519 93,531 (4,486) 89,045 1,055,872 1,055,872 30,967 1,024,905 1,055,872 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 31 January 2024 and were signed on its behalf by:
B D Lea - Trustee
B Flatley - Trustee
The notes form part of these financial statements
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BROAD STREET MEETING HALL
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost - Fixtures and fittings 20% on reducing balance Computer equipment - 20% on cost
Taxation
The charity is exempt from 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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Financial instruments
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.
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continued...
BROAD STREET MEETING HALL
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023
2. DONATIONS AND LEGACIES
| Donations Grants Grants received, included in the above, are as follows: Covid grants Other grants 3. INVESTMENT INCOME Deposit account interest 4. INCOME FROM CHARITABLE ACTIVITIES Activity Grants Grant activities Charitable rental income Hall activities Grants received, included in the above, are as follows: Other grants 5. CHARITABLE ACTIVITIES COSTS Grant activities Hall activities |
Direct Costs £ 60,765 91,544 152,309 |
|
|---|---|---|
continued...
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BROAD STREET MEETING HALL
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023
6. SUPPORT COSTS
| SUPPORT COSTS | |
|---|---|
| Governance | |
| costs | |
| £ | |
| Hall activities | **7,064 ** |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
8. STAFF COSTS
| Wages and salaries The average monthly number of employees during the year was as follows: Admin and operational staff No employees received emoluments in excess of £60,000. 9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 11,510 Charitable activities Grant activities - Hall activities 26,117 Total 37,627 EXPENDITURE ON Charitable activities Grant activities 1,371 Hall activities 20,237 Other 4,775 Total 26,383 NET INCOME/(EXPENDITURE) 11,244 |
2023 £ 57,025 57,025 2023 3 Restricted funds £ - 65,116 - 65,116 100,633 - - 100,633 (35,517) |
2022 £ - - 2022 2 Total funds £ 11,510 65,116 26,117 102,743 102,004 20,237 4,775 127,016 (24,273) |
||
|---|---|---|---|---|
continued...
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BROAD STREET MEETING HALL
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023
| 9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ RECONCILIATION OF FUNDS Total funds brought forward 19,723 TOTAL FUNDS CARRIED FORWARD 30,967 10. TANGIBLE FIXED ASSETS Fixtures Freehold and property fittings £ £ COST At 1 April 2022 1,012,303 17,168 Additions 22,229 - At 31 March 2023 1,034,532 17,168 DEPRECIATION At 1 April 2022 62,591 3,702 Charge for year 20,691 2,693 At 31 March 2023 83,282 6,395 NET BOOK VALUE At 31 March 2023 951,250 10,773 At 31 March 2022 949,712 13,466 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments and accrued income |
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ RECONCILIATION OF FUNDS Total funds brought forward 19,723 TOTAL FUNDS CARRIED FORWARD 30,967 10. TANGIBLE FIXED ASSETS Fixtures Freehold and property fittings £ £ COST At 1 April 2022 1,012,303 17,168 Additions 22,229 - At 31 March 2023 1,034,532 17,168 DEPRECIATION At 1 April 2022 62,591 3,702 Charge for year 20,691 2,693 At 31 March 2023 83,282 6,395 NET BOOK VALUE At 31 March 2023 951,250 10,773 At 31 March 2022 949,712 13,466 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments and accrued income |
- continued Restricted funds £ 1,060,422 1,024,905 Computer equipment £ 6,825 - 6,825 3,176 1,365 4,541 2,284 3,649 2023 £ 3,131 6,125 9,256 |
Total funds £ 1,080,145 |
|
|---|---|---|---|---|
| 1,055,872 | ||||
| Totals £ 1,036,296 22,229 1,058,525 69,469 24,749 94,218 964,307 966,827 2022 £ 1,012 - 1,012 |
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continued...
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BROAD STREET MEETING HALL
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| Taxation and social security Other creditors |
2023 £ 1,490 4,572 **6,062 ** |
2022 £ 790 3,696 |
| 4,486 |
13. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||||||
|---|---|---|---|---|---|---|---|
| Unrestricted funds General fund Restricted funds Property fund Reaching Communities Go Foleshill Youth Grant Heart of England Community Foundation/ Art Council Wellness Junction Activities Healthwatch Capital TOTAL FUNDS Net movement in funds, included in the above ar Unrestricted funds General fund Restricted funds Property fund Reaching Communities Go Foleshill Youth Grant Heart of England Community Foundation/ Art Council Wellness Junction Activities Healthwatch Capital TOTAL FUNDS |
At 1.4.22 £ 30,967 972,696 15,317 566 - 9,035 - 27,291 1,024,905 1,055,872 e as follows: |
Net movement in funds £ (1,168) (20,691) (15,317) (565) 28 (5,224) 132 (12,248) (53,885) (55,053) Incoming resources £ 44,996 - 43,538 2,520 8,060 2,418 2,788 - 59,324 104,320 |
Transfers between funds £ 916 (755) - (1) (28) - (132) - (916) - Resources expended £ (46,164) (20,691) (58,855) (3,085) (8,032) (7,642) (2,656) (12,248) (113,209) (159,373) |
At 31.3.23 £ 30,714 951,250 - - - 3,811 - 15,043 |
|||
| 970,105 | |||||||
| 1,000,819 | |||||||
| Movement in funds £ (1,168) (20,691) (15,317) (565) 28 (5,224) 132 (12,248) (53,885) (55,053) |
|||||||
| (53,885) | |||||||
| (55,053) |
continued...
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BROAD STREET MEETING HALL
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
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BROAD STREET MEETING HALL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2023
| INCOME AND ENDOWMENTS Donations and legacies Donations Grants Investment income Deposit account interest Charitable activities Grants Charitable rental income Total incoming resources EXPENDITURE Charitable activities Wages and HR Rent and rates Light and heat Insurance Maintenance and cleaning Stationery and office expenses Activities and classes Project related expenditure Sundries Freehold property Fixtures and fittings Computer equipment Other Loss on sale of tangible fixed assets Support costs Governance costs Accountancy and legal fees Total resources expended Net expenditure |
2023 £ 277 2,245 2,522 83 59,324 42,391 101,715 104,320 57,025 4,352 9,777 1,972 15,410 1,898 34,300 - 2,826 20,691 2,693 1,365 152,309 - 7,064 159,373 (55,053) |
2022 £ 423 11,087 11,510 - 65,116 26,117 91,233 102,743 - 4,800 5,680 1,994 3,411 4,352 - 75,138 40 20,246 3,367 1,365 120,393 4,775 1,848 127,016 (24,273) |
|---|---|---|
This page does not form part of the statutory financial statements
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