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← Broad Street Meeting Hall

2024-03-31-accounts

REGISTERED CHARITY NUMBER: 1112122

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

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 2024

Page
Report of the Trustees 1 to 2
Statement of Trustees' Responsibilities 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 14
Detailed Statement of Financial Activities 15

BROAD STREET MEETING HALL

REPORT OF THE TRUSTEES for the year ended 31 March 2024

The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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) work with and deliver for the increasingly diverse communities of Coventry and particularly Foleshill.

BSH continues to develop and deliver activities and services that meet local need, by working in partnership with other groups, organisations, and agencies.

Various grants throughout the year have also supported BSH with delivering new activities and services as well as maintaining the existing ones.

National Lottery Reaching Community Grant continued to cover salaries and training for the BSH team for part of the year.

Go Foleshill supported BSH again this year with a small grant for the Coronation Day celebrations, which saw the community come together for fun and activities.

VAC Innovation grant for mental health awareness activities was used to provide relaxation and support sessions.

Sports England (through HEX) provided a grant for activities that encourage people to get active in a new and innovative way by using djembe drums as part of their fitness routine.

Eveson Trust helped fund our core costs so that we could support and engage with isolated older people.

B&Q neighbourly grant will allow us to place planters on Broad Street after community consultation.

29th May 1961 Charitable Trust grant enabled BSH to upgrade the IT equipment at the hall for staff, volunteers and hall users.

The team at Broad Street Hall; the trustees, staff, and volunteers, will continue to work with and on behalf of people to help create a strong and caring neighbourhood. BSH will also continue to develop activities and services at Broad Street Hall to ensure that there will continue to be a community hub for the future, that meets local need.

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

Page 1

BROAD STREET MEETING HALL

REPORT OF THE TRUSTEES for the year ended 31 March 2024

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 (resigned 20.9.2024)

Independent Examiner

Harrison Beale & Owen Limited Chartered Accountants Seven Stars House 1 Wheler Road Coventry CV3 4LB

Approved by order of the board of trustees on 11 December 2024 and signed on its behalf by:

Ms B Nagra - Trustee

Page 2

BROAD STREET MEETING HALL

STATEMENT OF TRUSTEES' RESPONSIBILITIES for the year ended 31 March 2024

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 3

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 2024.

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

11 December 2024

Page 4

BROAD STREET MEETING HALL

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024

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
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
14
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
-
-
57,861
395
58,256
-
65,660
65,660
(7,404)
(120)
(7,524)
30,715
23,191		 Restricted
funds
£
-
59,964
-
-
59,964
37,747
26,466
64,213
(4,249)
120
(4,129)
970,104
965,975		 2024
Total
funds
£
-
59,964
57,861
395
118,220
37,747
92,126
129,873
(11,653)
-
(11,653)
1,000,819
989,166		 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

The notes form part of these financial statements

Page 5

BROAD STREET MEETING HALL

BALANCE SHEET 31 March 2024

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
14
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
919
4,045
26,760
30,805
(8,533)
22,272
23,191
23,191		 Restricted
funds
£
939,177
-
26,798
26,798
-
26,798
965,975
965,975		 2024
Total
funds
£
940,096
4,045
53,558
57,603
(8,533)
49,070
989,166
989,166
23,191
965,975
989,166		 2023
Total
funds
£
964,307
9,256
33,318
42,574
(6,062)
36,512
1,000,819
1,000,819
30,715
970,104
1,000,819

The financial statements were approved by the Board of Trustees and authorised for issue on 11 December 2024 and were signed on its behalf by:

B Nagra - Trustee

The notes form part of these financial statements

Page 6

BROAD STREET MEETING HALL

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024

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.

continued...

Page 7

BROAD STREET MEETING HALL

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024

2.
DONATIONS AND LEGACIES
Donations
Grants
Grants received, included in the above, are as follows:
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
£
37,747
83,532
121,279		 2024
£
-
-
-
2024
£
-
2024
£
395
2024
£
59,964
57,861
117,825
2024
£
59,964
Support
costs (see
note 6)
£
-
8,594
8,594		 2023
£
277
2,245
2,522
2023
£
2,245
2023
£
83
2023
£
59,324
42,391		 2023
£
277
2,245
2,522
2023
£
2,245
2023
£
83
2023
£
59,324
42,391
101,715
2023
£
53,199
Totals
£
37,747
92,126
129,873

continued...

Page 8

BROAD STREET MEETING HALL

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024

6. SUPPORT COSTS

2024 2024
£
Legal fees 3,620
Independent examiner fee 4,974
8,594

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

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.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2,522
Charitable activities
Grant activities
-
Hall activities
42,391
Investment income
83
Total
44,996
EXPENDITURE ON
Charitable activities
Grant activities
1,365
Hall activities
44,799
Total
46,164		 2024
£
44,378
44,378
2024
3
Restricted
funds
£
-
59,324
-
-
59,324
59,400
53,809
113,209		 2023
£
57,025
57,025
2023
3
Total
funds
£
2,522
59,324
42,391
83
104,320
60,765
98,608
159,373

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

continued...

Page 9

BROAD STREET MEETING HALL

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024

9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
NET INCOME/(EXPENDITURE)
(1,168)
Transfers between funds
916
Net movement in funds
(252)
RECONCILIATION OF FUNDS
Total funds brought forward
30,967
TOTAL FUNDS CARRIED FORWARD
30,715
10.
TANGIBLE FIXED ASSETS
Fixtures
Freehold
and
property
fittings
£
£
COST
At 1 April 2023 and 31 March 2024
1,034,532
17,168
DEPRECIATION
At 1 April 2023
83,282
6,395
Charge for year
20,691
2,155
At 31 March 2024
103,973
8,550
NET BOOK VALUE
At 31 March 2024
930,559
8,618
At 31 March 2023
951,250
10,773
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Prepayments and accrued income		 - continued
Restricted
funds
£
(53,885)
(916)
(54,801)
1,024,905
970,104
Computer
equipment
£
6,825
4,541
1,365
5,906
919
2,284
2024
£
4,045
-
4,045		 Total
funds
£
(55,053)
-
(55,053)
1,055,872
1,000,819
Totals
£
1,058,525
94,218
24,211
118,429
940,096
964,307
2023
£
3,131
6,125
9,256

continued...

Page 10

BROAD STREET MEETING HALL

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Taxation and social security
Other creditors		 2024
£
1,135
7,398
8,533		 2023
£
1,490
4,572
6,062

13. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years
In more than five years		 2024
£
5,760
23,040
64,320
93,120		 2023
£
-
-
-
-

14. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Property fund
Reaching Communities
Wellness Junction Activities
Capital fund
B&Q fund
29th May 1961 Charitable Trust
TOTAL FUNDS		 At 1.4.23
£
30,715
951,250
-
3,811
15,043
-
-
970,104
1,000,819		 Net
movement
in funds
£
(7,404)
(20,691)
18,852
(3,931)
(5,775)
2,296
5,000
(4,249)
(11,653)		 Transfers
between
funds
£
(120)
-
-
120
-
-
-
120
-		 At
31.3.24
£
23,191
930,559
18,852
-
9,268
2,296
5,000
965,975
989,166

continued...

Page 11

BROAD STREET MEETING HALL

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024

14. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Property fund
Reaching Communities
Go Foleshill Youth Grant
Wellness Junction Activities
Capital fund
HEX fund
B&Q fund
Eveson Trust
29th May 1961 Charitable Trust
TOTAL FUNDS		 Incoming
resources
£
58,256
-
26,570
365
8,540
-
5,328
2,296
11,865
5,000
59,964
118,220		 Resources
Movement
expended
in funds
£
£
(65,660)
(7,404)
(20,691)
(20,691)
(7,718)
18,852
(365)
-
(12,471)
(3,931)
(5,775)
(5,775)
(5,328)
-
-
2,296
(11,865)
-
-
5,000
(64,213)
(4,249)
(129,873)
(11,653)		 Resources
Movement
expended
in funds
£
£
(65,660)
(7,404)
(20,691)
(20,691)
(7,718)
18,852
(365)
-
(12,471)
(3,931)
(5,775)
(5,775)
(5,328)
-
-
2,296
(11,865)
-
-
5,000
(64,213)
(4,249)
(129,873)
(11,653)
(4,249)
(11,653)

Comparatives for 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 fund
TOTAL FUNDS		 At 1.4.22
£
30,967
972,696
15,317
566
-
9,035
-
27,291
1,024,905
1,055,872		 Net
movement
in funds
£
(1,168)
(20,691)
(15,317)
(565)
28
(5,224)
132
(12,248)
(53,885)
(55,053)		 Transfers
between
funds
£
916
(755)
-
(1)
(28)
-
(132)
-
(916)
-		 At
31.3.23
£
30,715
951,250
-
-
-
3,811
-
15,043
970,104
1,000,819

continued...

Page 12

BROAD STREET MEETING HALL

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024

14. MOVEMENT IN FUNDS - continued

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

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 fund
TOTAL FUNDS		 Incoming
resources
£
44,996
-
43,538
2,520
8,060
2,418
2,788
-
59,324
104,320		 Resources
Movement
expended
in funds
£
£
(46,164)
(1,168)
(20,691)
(20,691)
(58,855)
(15,317)
(3,085)
(565)
(8,032)
28
(7,642)
(5,224)
(2,656)
132
(12,248)
(12,248)
(113,209)
(53,885)
(159,373)
(55,053)

The general fund transfer in the year was made to remove a deficit balance on a restricted fund.

Restricted funds

Property fund holds the property owned by the charity; the meeting hall.

Reaching Communities has helped pay for salaries, training and community activities and engagement.

Go Foleshill Youth is to develop Youth Activities in partnership with All Nations Centre and Coventry Faith Foundation.

Heart of England Community Foundation/Art Council was to celebrate the Queen's Jubilee with a Musical Performance at a Community Day.

Wellness Junction Activities have been supported by different grants to allow the Broad Street Hall to run different emotion, physical and mental health sessions. This year, this included a grant from the Community Mental Health Transformation VCSE Innovation Fund of £8,540, which was used specifically to raise awareness about mental health within the BAME community.

Healthwatch allowed us to participate in a heath Survey of underrepresented and marginalised groups.

Capital fund is made up of lots of different grants obtained for the new premises and has been used for Fixtures, Fittings and Furnishing.

HEX is funding from Sports England to provide activities that encourage people to get active in a new and innovative way. The money was used for Djembe drumming sessions which continue.

B&Q fund is a grant distributed by Neighbourly to put planters and benches outside the hall to enable the community to sit and chat, grow and harvest herbs and introduce a green space.

Eveson Trust originates from a grant given to cover core costs to help us continue our work providing activities and services to the elderly and isolated.

continued...

Page 13

BROAD STREET MEETING HALL

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024

14. MOVEMENT IN FUNDS - continued

29th May 1961 Charitable Trust is a grant given to allow us to update our IT equipment and software for staff and volunteers, to enable better, more modern systems.

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

Page 14

BROAD STREET MEETING HALL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024

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
Sundries
Freehold property depreciation
Fixtures and fittings depreciation
Computer equipment depreciation
Support costs
Governance costs
Accountancy and legal fees
Total resources expended
Net expenditure		 2024
£
-
-
-
395
59,964
57,861
117,825
118,220
44,378
5,600
8,256
1,964
15,215
1,532
19,078
1,045
20,691
2,155
1,365
121,279
8,594
129,873
(11,653)		 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)

This page does not form part of the statutory financial statements

Page 15