REGISTERED COMPANY NUMBER: 05818938 (England and Wales) REGISTERED CHARITY NUMBER: 1114978
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2025
for
Community, Heritage, Arts and Media Project Limited
Xeinadin Humber Limited 117 - 119 Cleethorpe Road Grimsby North East Lincs DN31 3ET
Community, Heritage, Arts and Media Project Limited
Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
Community, Heritage, Arts and Media Project Limited
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
The charity's objectives are to advance the education of the general public in the history of North Lincolnshire through the use of arts and media activities including music, dance, visual arts, photography, video, drama and electronic media forms. The historic archive is used to be an inspiration for a variety of documentary, arts and media activities.
ACHIEVEMENTS AND PERFORMANCE
The charity fulfilled its objectives and aims through the use of its heritage collection and community engagement, enabled through the provision and accessibility of its heritage and community buildings, such as 51 Fleetgate, the Assembly Rooms and the Maltby Lane Hub.
FINANCIAL REVIEW
Reserves policy
The committee's policy is to maintain reserves so that in the event of a winding up they are sufficient to meet employee entitlements and other commitments.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
The charity recruits trustees to be representative of local community organisations.
Organisational structure
The charity is managed by the trustees who meet regularly.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05818938 (England and Wales)
Registered Charity number
1114978
Registered office
Hub Maltby Lane Barton-Upon-Humber DN18 5PY
Trustees
N C Turner D A Watson T Needham (appointed 27.3.25) Ms A Clayton (resigned 5.11.24)
Page 1
Community, Heritage, Arts and Media Project Limited
Report of the Trustees
for the Year Ended 31 March 2025
REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary Ms S Turner
Independent Examiner
Xeinadin Humber Limited 117 - 119 Cleethorpe Road Grimsby North East Lincs DN31 3ET
Approved by order of the board of trustees on 29 January 2026 and signed on its behalf by:
N C Turner - Trustee
Page 2
Independent Examiner's Report to the Trustees of Community, Heritage, Arts and Media Project Limited
Independent examiner's report to the trustees of Community, Heritage, Arts and Media Project Limited ('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
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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
Mark Stothard
The Institute of Chartered Accountants in England and Wales
Xeinadin Humber Limited 117 - 119 Cleethorpe Road Grimsby North East Lincs DN31 3ET
29 January 2026
Page 3
Community, Heritage, Arts and Media Project Limited
Statement of Financial Activities
for the Year Ended 31 March 2025
| 31.3.25 | 31.3.24 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Charitable activities | |||||
| Community Activites | 57,767 | - | 57,767 | 62,568 | |
| EXPENDITURE ON | |||||
| Raising funds | 9,532 | - | 9,532 | 7,616 | |
| Charitable activities | |||||
| Community Activites | 42,780 | - | 42,780 | 71,081 | |
| Total | 52,312 | - | 52,312 | 78,697 | |
| NET INCOME/(EXPENDITURE) | 5,455 | - | 5,455 | (16,129) | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 15,689 | - | 15,689 | 31,818 | |
| TOTAL FUNDS CARRIED FORWARD | 21,144 | - | 21,144 | 15,689 |
The notes form part of these financial statements
Page 4
Community, Heritage, Arts and Media Project Limited
Balance Sheet
31 March 2025
| 31.3.25 | 31.3.24 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 5 | 6,065 | - | 6,065 | 7,064 |
| CURRENT ASSETS | |||||
| Stocks | 6 | 3,000 | - | 3,000 | 2,875 |
| Cash at bank and in hand | 15,482 | - | 15,482 | 8,930 | |
| 18,482 | - | 18,482 | 11,805 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 7 | (3,403) | - | (3,403) | (3,180) |
| NET CURRENT ASSETS | 15,079 | - | 15,079 | 8,625 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 21,144 | - | 21,144 | 15,689 | |
| NET ASSETS | 21,144 | - | 21,144 | 15,689 | |
| FUNDS | 8 | ||||
| Unrestricted funds | 21,144 | 15,689 | |||
| TOTAL FUNDS | 21,144 | 15,689 |
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
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 5
continued...
Community, Heritage, Arts and Media Project Limited
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 29 January 2026 and were signed on its behalf by:
N C Turner - Trustee
The notes form part of these financial statements
Page 6
Community, Heritage, Arts and Media Project Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
1. 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.
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. Plant and machinery - 33% on cost
Fixtures and fittings - 15% on a reducing balance
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs are valued of a first in first out basis.
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 7
Community, Heritage, Arts and Media Project Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
2. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.3.25 | 31.3.24 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 1,279 | 1,560 |
3. 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.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Charitable activities Community Activites 62,568 - EXPENDITURE ON Raising funds 7,616 - Charitable activities Community Activites 71,081 - Total 78,697 - NET INCOME/(EXPENDITURE) (16,129) - RECONCILIATION OF FUNDS Total funds brought forward 31,818 - TOTAL FUNDS CARRIED FORWARD 15,689 - |
Total funds £ 62,568 7,616 71,081 78,697 (16,129) 31,818 15,689 |
|---|---|
continued...
Page 8
Community, Heritage, Arts and Media Project Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
5. TANGIBLE FIXED ASSETS
| 5. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Fixtures | ||||
| Plant and | and | |||
| machinery | fittings | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 April 2024 | 33,797 | 37,173 | 70,970 | |
| Additions | 280 | - | 280 | |
| At 31 March 2025 | 34,077 | 37,173 | 71,250 | |
| DEPRECIATION | ||||
| At 1 April 2024 | 33,557 | 30,349 | 63,906 | |
| Charge for year | 255 | 1,024 | 1,279 | |
| At 31 March 2025 | 33,812 | 31,373 | 65,185 | |
| NET BOOK VALUE | ||||
| At 31 March 2025 | 265 | 5,800 | 6,065 | |
| At 31 March 2024 | 240 | 6,824 | 7,064 | |
| 6. | STOCKS | |||
| 31.3.25 | 31.3.24 | |||
| £ | £ | |||
| Stocks | 3,000 | 2,875 | ||
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.3.25 | 31.3.24 | |||
| £ | £ | |||
| Trade creditors | 1,651 | 1,560 | ||
| Accrued expenses | 1,752 | 1,620 | ||
| 3,403 | 3,180 |
continued...
Page 9
Community, Heritage, Arts and Media Project Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
8. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1.4.24 | in funds | 31.3.25 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 15,689 | 5,455 | 21,144 |
| TOTAL FUNDS | 15,689 | 5,455 | 21,144 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 57,767 | (52,312) | 5,455 |
| TOTAL FUNDS | 57,767 | (52,312) | 5,455 |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| At 1.4.23 | in funds | 31.3.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 31,818 | (16,129) | 15,689 |
| TOTAL FUNDS | 31,818 | (16,129) | 15,689 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 62,568 | (78,697) | (16,129) |
| TOTAL FUNDS | 62,568 | (78,697) | (16,129) |
continued...
Page 10
Community, Heritage, Arts and Media Project Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.23 | in funds | 31.3.25 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 31,818 | (10,674) | 21,144 |
| TOTAL FUNDS | 31,818 | (10,674) | 21,144 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 120,335 | (131,009) | (10,674) |
| TOTAL FUNDS | 120,335 | (131,009) | (10,674) |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 11
Community, Heritage, Arts and Media Project Limited
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 March 2025 | ||
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Charitable activities | ||
| Museum and related activities | 57,767 | 62,568 |
| Total incoming resources | 57,767 | 62,568 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Plant and machinery | 256 | 356 |
| Fixtures and fittings | 1,023 | 1,204 |
| Bank interest and charges | 283 | 199 |
| 1,562 | 1,759 | |
| Other trading activities | ||
| Bar purchases | 7,970 | 5,857 |
| Charitable activities | ||
| Premises costs | 2,911 | 3,012 |
| Insurance | 6,672 | 6,037 |
| Light and heat | 19,211 | 33,047 |
| Telephone | 297 | 522 |
| Repairs and renewals | 796 | 2,051 |
| Sundries | 628 | 1,172 |
| 30,515 | 45,841 | |
| Support costs | ||
| Governance costs | ||
| General finance and payroll | 10,483 | 23,560 |
| Accountancy | 1,782 | 1,680 |
| 12,265 | 25,240 | |
| Total resources expended | 52,312 | 78,697 |
| Net income/(expenditure) | 5,455 | (16,129) |
This page does not form part of the statutory financial statements
Page 12