**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
Page 1
**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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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
Page 3
## **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
Page 4
## **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
Page 5
**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.
Page 6
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...
Page 7
**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...
Page 8
## **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|
||||||
||||||
||||||
||||||
||||||
||||||
continued...
Page 9
## **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...
Page 10
**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.
Page 11
## **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
Page 12