Company registration Iiumber.. 063i0349 Charity registration number.. 1121854 Stone Community Hub Ltd (A company limiied by guarantee) Annual Report alld Financial Statements for the Year Ended i l July 2020 Daryl Denson ACMA VAST The Dlldson Cejitre Hat]ley Stoke-on-Trei)t STI 5DD
Stone Community Hub Ltd Contents Reference and Administrative Details Chaimian's Report Twstees Report {incorporating the Directors. Report) 3to8 Independent Examiner'5 Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 12to24
Stone Community Hub Ltd Refer¢n¢¢ and Administrative D¢t#ils Patron Viscount Hugo S[dOn Trustees lan Fordham Kaihryn Platt Allan Sl)epherd Nicholas Frankish Johii Haine Simon Walsh Seeretary John Haine Senior Management Tearn ETnma Walton (from September 2019) Principal Office Frank Jordan Centre Liehfield Street Stone Stsffordshire ST15 8NA The charity is incotporated in EllgIEd. 063i0349 Company Registration Number Charity Registration Number 1121854 Banker5 Barclays Bank 45 High Street Stone Staffordshire ST15 8AQ Daryl Denson ACMA Independent Examiner The Dudson Centre Hanley Stoke-on-Trent STI 5DD Page I
Stone Community Hub Ltd Chairman's Report for the Year Ended 31 July 2020 Thank you for your interest in Stone Community Hub and welcome to our Annual Report for 201912020. This has beeii a year of 2 distinct parts. Between August 2019 and March 2020, The Hub continued to 5etve a growingF number of client5, while TnJ5tee5 M'orked with staff and volunteers on developmeiit of a new strategy that will eiiable us to increase the nuniber of services that we offer and reach more residents of Stoiie and surtounding areas. Duiing March, it became clear that the Pandemit would materially affect our core activity and the decision was taken to delay implementatioi) of the new strategy. suspend nom)al seivices and focus activity 01) the Food Bank for whicl) there was already an unprecedented deinand. During this latter period. we have beei) fortunate to enjoy the continuing support of staff and volunteers (both existing and new) at a time when we were often providing as man}. as 10 times the number of food parcels as in 'more nLim]al' times. We are unfortunately anticipating a further surge in demand once Govemment furlough schemes are phased L)Ut over the Climing weeks. Trustees would like to record their thanks to the growing number of Members and our many donors whose generosiry has enabled The Hub to continue its operations at a time when the usual fund-raising activities have been suspended due to Ihe Pandemic. We have been fortunate to receive emergency grant support from TO. Borough and county authorities and from sever81 other providers including a National Foundation. This income, together lth that from the continiiing generosiry of local residents, has enabled us to continue operations and sirengthen our reserves for what we expect 10 be a very uncertain period during which fund-raising and grant income will be increasingly hard to obtain. We 'OUld also like to place on record our appreciation of the support received from Stone Town Council that enabled us to continue operations at the Frank Jordan Centre diirin£ lockdo1 and expand into a second room when demand necessitated increased space for food storage and more working area due to social distancing requirements. We are plaiining for a return to 'more iionnal, 5ervice5 biit cannot yet tnake any realistic assessment of timing5. We are seein&T ali increase in the adverse effects of social isolation amongst ekistingF client5 and indeed Inore 'idely and we are workiiig to maintain what coiitacts we cali and looking at Iiew ways to help alleviate the issue whilst confonnin¥ to Government guideline5. Once we do restart 'norynal operatior15 , hopefully at Some point duringF 20?1. it will be in line with the iiew strategy and M'ill provide us witli a broader rangye of 5ervice5. My fellow Trustees and I would like to thank my predecessor as Chair. Allan Shepherd, for his work in steering The Hub through its often-difficult early years, and Judith Kelt for her work as a Trustee prior to her stepping down in January. We would also like to welcome Simoii Walsh who joined us as a Tnjstee iii May. I would like to conclude by thanking Viscount Hugo Sandon for his contii)uing support as Patron ol. The Hub and our many supptsrters in the local community as well as our staff, members and volunteers. for makii)g our work with clients possible. I hear many people say that Stone is a special place with a remarkable community spirit. Thai is most certainly true. On a personal note, l am coming to the end of my term of olTice as Chair and would like tl) thank you all for your supporr during whai have been ditTicult, yet rewarding times. lan Fordham Trustee Page 2
Stone Community Hub Ltd Trustees Report {in¢orporating the Dir¢¢tor$' Report) The trustees, h0 are directors for the PUTP05es of company law, present the annual report together with the financial statements of the charitable coinpany for the year ended i l July 2020. Trustees lan Flirdham, Chair Kathryn Platt, Treasurer Allan Shepherd (resigned 5 Nowen)ber 2019 at)d appointed 18 November 2019) Nicholas Frankish Judith Kelt (resigned 31 January 2020) John Haine Simon Walsh (appointed 20 May 2020) Strueture, govermanee and management '&/ure ofgoverRing do¢uFuenl Stone Community Hub 15 a company limited by guarentee. It is opened under the rnles of its memorandum and articles of association adopted l August 2007 and amended by certificate of incorporation on change of iiame dated 3 February 2015. Reerulimenl omd appointment of Irustees Trustees set the Hub's goals and support staff to achieve them. These are volunthry positions that require attendance at regular Trustees meetings plus some preparatory and follow up work as required. Above all we are looking for enthusiasm, integrity and commitment. All our trustees should be.. committed to improving the lives L)f people in the Stone area villing to devote the necessary time and effort to their trustee responsibilities interested in contributing to the development of a small charity organisation possessed of good judgemeni. ready to speak their mind and willing tl) take a team approach to problem solvin£ and mallagement We welcom¢ approa¢he5 from intere%t¢d individuals. as well as advertisillg on charity s¢¢tor w¢bsit¢s {¢.g. do-it.org) and in local media and makillg direct approaches to profcs8ianal bodies and other voluntary organisations. W¢ take ¢are to r¢sp¢rt diversity and manag¢ any ¢onflicts of interest. Candidates are encouraged to visit the Hiib's web5lte and if possible, one of our sessions at the Frank Jordan Centre. Referees M'ill be approached to provide references as to the candidate's suitability for the role. Candidates are invited to meet with the Chair and the Treasurer, ai)d to attend a Trustees meetinLT as an obsetver. An existing Tn]stee can help with the Process or answer any queries. Imduciioll ulldlrainin£ Qflruslees New Trustees receive an information pack on the Hub's purposes, operations. fundraising activities and their own responsibilities. Trustees are encouraged to expand their skills through additional training or support. Page 3
Stone Community Hub Ltd Trustees Report {in¢orporating the Dir¢¢tors' Report) Objectives and aetivities Objects ond uims Our Aims and Objectives (as specified in the Memorandum of Association) are: a) To act as a resource for pcople living in Stone (Staffordshire). and district. by providing advice and assistance and organising progrdmmes and other activities as a means of.. advancing iii life and helping people by developing their skills. capacities and capabiliti¢s to enable them to participate in society. as independent, mature and responsible individuals., advancingF education. and providiiig recreational and leisure time activity in the interests of social welfare for people living in the area of benefit who have need by reason of their age, iiifitynity or disability, poverty or Social aiid economic Circumst)ceS '1th a view to improving the conditions of life of such persons. Publle beneJ71 Stone Community, Hub is a registered charity dedicated to improving the lives of residents of StL)ne and surrounding villages through support and advice. Our activities fall into 2 main are&s'. combating social isolation- drop-in cenire, people to talk to, crafting & refreshments,. reducing poverty and its effects- advice centre, job club & free emergency parcels During the summer holidays and at most s¢h(K)I holiday times we offer one session per week of parent l¢hild ¢raft or cookery. From March 2020 oiir activities have been limited by COVID-19 and resulting restrictions. We continued to run our Food Bank, meetijig a huge increase in demand, and kept in touch with client5 old and t]ew by telephone, email, social rnedia and it] person (respecting social distancing). In addition, we work in partnership with the following gTOUPS to help mutual clients.. Local Support Team (for team around the family meetings) Stafford and Rural Homes Womei)'s Aid The trustees confim) that they have complied with the requirements of section 17 of the Chariiies Act 2011 to have due regard to the public benefii guidance published by Ihe Charity Commission for England and Wales. u.se Of volunleers Withoiit the 5UPPOrt of our volunteers (22 in total) we would not be able to open or operate as we do. Our volunteers.. Make coffee & tea, answer the phone, talk to the people who come in, look after our IT systems, help repair people s coinputer5, help people with their cv'5, ¥iVe iiiterview advice aiid practice, ¥ive people lifts, help with cookery ¥roup5, uiipack and sort food doiiations, lielp prepare emer¥ency parcels, deliver einer¥eiicy parcels, help with admin, run craft 5e55ions and promote what we do. Patron The Trustees continue to benefit froin the support and advice of our Patron, Viscount Hu¥0 Sandon. Page 4
Stone Community Hub Ltd Trustees Report {in¢orporating the Dir¢¢tors' Report) Aehicvcmcnts and performance In Autiimn 2019 ..e w¢rc vcry well supported by local schools in their Harvest collections, with stock levels in the food bank topped up magnificently. At Christmgs we provided a fabulous three-course festive lun¢h to over 60 clients, with amazing support financially and in-kind from local businesses and organisations - 'hICh mcant that the financial cost to the Hub was miniinal. A local Cllbs graup were 0nd¢rllY supportive - Cubs. parcntslcarers and the leaders prepared over ?0 shoe boxes full of gFoodies. H,hich, to(Tether '1th other kind donation5. made it Possible to gFive a gift box to all clients who attended. We were a150 very lucky to have beeii joiiied on the day by four of the boys, who as Santa'5 little helper5 were ali amazing help oil the day- a total credit to themselves ai)d their group. Our Winter Woiiderland craft session held in January 2020 was a big hit with almost 50 local childret] and adults enjoying a Creative l)oui of winter-based crafts. Generally, demand for our services continued to rise pre-COVID. Our weekly hot meal "Hub Grub" on a Monday was particulaily populai and we w'ere, at times, l)unting to find enough chairs to seat everytsnel We very much focused on rdising awaieness of the serviLes provided on social media ai)d in the local press which led to a steady increase ii) footfall ai)d new clients visiting us. The Coronavirus pandemic and March's national lockdown gave us no option but to suspend the majoriry of our nomial support services, and concentrate on providing individual support to existing and new Clients as well as emergency food parcels from our Food Bank. During the w,hole of 2018-19 we provided 297 food parcels. In 2019-?O the number was 1.304. of which 1.015 from March 20ih to i I si July. Of this 1.015, 761 were delivered by volunteers to local residents who were unable to collect a parcel from us for a variety of reasons, including shielding. When COVID hit and the lockdOn aS announced. li was very quickly apparent that life was going to be very different for us at the Hubl Within two weeks of lockdown starting. demand for emergency parcels rose dramatically. going from around 20 parcels a week for Ihe first two weeks to double that in the eekS that followed for a short time, steadily increasing eek on M'eek. The peak demand for parcels was between the start of May to mid-june wheii 'ere providing around 70 parcels a week. By the end of July, demand had dropped slightly to around 60 parcels a week. Urgent a¢tion had to be taken very shortly into lockdow) where we were severely la¢king in space to be able to socially distance from each other. and indeed to fit all stock levels in our one room. Urgent discussions were held with Stone Council who very kii)dly agreed to gFive us free 115e of the adjacent St. Michael'5 Suite. Diie to the Inas5ively-increased space, we were able to gFet Tnore volunteer5 ill to help pack parcels and rail two packing lines which wa5 very effective and efficieiit. At the start of lockdowii, Tnany of our existingF volunteers were unable to contiiiue to help us for vari0115 reasons. A recruitment drive wa5 held via social Tnedia: the Stone Helpline and Siipport Staffordshire, resiilting iii Inore than 40 new volunteers to help pack parcels and deliver to people in Stone ai)d surtounding villages. Page 5
Stone Community Hub Ltd Trustees Report {in¢orporating the Dir¢¢tors' Report) Diiring lockdown, the level of 5UPPOrt from local people, businesses aiid other orgFanisations was absolutely brilliant, Iiecessary but brilliant. There Th'as a con5taiit stream of people knockingF on the door with financial donations, doiiations of food: toiletrie5, paper gFoods, craft item5, book5, jigsaw5. toy5 etc. The 5UPPOrt from local cafés, piibs aiid re5taurai)ts amazing, with so Inany contacting us to empty their fridge5 and store cupboards of stock that would have bFone to waste. Thi5 Stock wa5 50 very much iieeded and welcoine. Some highlights-. Costa Coftee travelled aroui)d all of their stores in the local area including those based in shops to eollect their stocks of drinks. si)acks, cakes etc. and donate to us. The Staftordshire Football Association emptied the drii)ks and si)ack stocks from their club houses to us together with a huge bag full of new footballs which were given oui to local children with food parcels. Stone Rotary ieamed up with Lee Walker Butchers and All Seasons Greengrocers to prlivide a supply of enL)ugh fresh meat, eggs and fruitlveg for all parcels per week ai no financial cost to the Hub. Stone Round fable have provided regular donations of much-needed supplies. Omua Foods in Leek gave us a large supply of cheese and butter w,hich 'aS gratefully received. Our supemiarkets in Stone have been an absolute lifeline. M&S donaie food to us three times a week, with Aldi and the Co-op once a week each. We were also fortiinate to be nominated as one of the Co-op's Ihree local causes in October 2019, and this has been a great fundraising source as well as fomiing closer links with the Eccleshall Road store. Morrisons, and their Community Chgmpion in particular. have worked so hard 10 support us. with in-store donation points. putting together bags of go(ds we are in need of. and donating a whole pallet of supplies every week for the first three months of the pgndemic. A vehicle hire finn in Newcastle very kindly helped us out '1th collecting these donations from Morrisons in one of their lorries. and unpacked for lls in the food bank. after one of our volunteers who had a van had to go back to work. Many local residents donated their NHS food parcels to us. allowing us to re-distribute supplies where they were most needed. Many people very kindly agreed for a food collection point to be held outside their house for people to donate B&M donated £1,500 for stock. We have a150 worked with other food banks and charities to help each other out and swap stock that we didn't need throu¥hout. 155ue5 We have been contacted by so many new clients needing help who, for one reason or another. find themselves in dire financial straits and cannot afford supemarket supplies for themselves and their families. We would nomially never come into contact with then). In terms of the food parcels, the number of clients we now support far outweighs the number we supported pre-COVID but we suspect there are still many people locally who desperately need help but haven't asked for it. We continue to use social media to promL)te whal we do and to encourage people to get in touch with us to see how w'e can help. A key issue that the Hub seeks to address is social isolation. Throughout lockdom'n we have been concerned by the damaging effect of enforced isolation. As a Drop-in centre we don't always have contsct details for clients, but where 'e do, we have been in regular Contact with them to offer ongoing siipport and Check on hom, they are coping with the 'neiv nomial" Obviously, Ihe social isolation will have particiilarly hit those who have been shielding very hard and we look forward to a time we can address this. Page 6
Stone Community Hub Ltd Trustees Report {in¢orporating the Dir¢¢tors' Report) Fundraising Actii'ities Membership.. RegFular giving increased by 29Q/o in the year. We thank our member5 for their steady support in the past year. Expai)dii)g our membership scheTne is a priority for the coming year. Donations= In reaction to the COVID-19 crisis and our appea15 for support, donation5 (from members, noi)-members, individuals and organisations) increased hugely in the year. Doi)ations were received ii) tash. by eheque, direct to our bank account, via our Golden Giving page and through our Facebook page. We also received generous in-kind support froin local organisations towards stocking ai)d iunnii)g the Food Bank. Events and Activities.. Our annual fundraiser at Sandon Hall. planned for late March 2020. had to be cancelled due to lockdown. The autumn Quiz at Granvilles raised £4?], and Morrisons and their customers again supported us with another best-ever'bag pack" result L)f £652. A Lymestone Brew'ery evening raised £198, and we are very grateful to supporters M,ho respectively ran a maraihon. submitted to a head shave and undertook a running challenge raising £? ?96 between them. Grants.- We received 14 grants in 2019120. compared with 6 in the previous year. The increase was due to the contribiition of a grant-writing team {.Idenlng the range of applications, and increasing the number of applications made) and successful bids for COVID-19 funding from local and national funders. Funders £7,500 Coronavirus Support Fund- coronavirus £9,927 Stafford Borough Council (2 grants) - coronavirus £2,600 Donald Forrcstcr Trust £2,000 Albert Hiiiit Trust £1,527 Housing Plus Group - coronavirns £1,104 Co-op Local Community Fund £1,350 Staffordshire Coiint), Council {2 grants) - coronavirns £1,000 Rowle}' Trust- holiday hiinger £1,000 Staffordshire Coinmunity Foundation- coronaviru5 £400 NelboUr]Y - coronavirlls £iOO Marsh Christian Trust £200 Rowley Trust- coronavirus Financial review We had budgeted a small surplus for the year 2019120. Significantly.increased incoine from grants and doi)ations, and below-budget costs (partly due to suspending activities due to COVID-19 restrictions}, more than offset the cancellaiioii or rundraising events fron) Marcl) onwards. At year end we recorded a surplus of £28,912, with strong reserves of 24 months of expenditure. A further £5,(X)O has been invested ii) a Charities Fixed Interest Fui)d managed by CCLA Investment Management Ltd. one of the UK'S largest charity fund managers. At 31 July 2020 this investment was valued at £10,646 (book cost £1 0,000). Policy oil re.serves The Trustees recobFni5e the need to manage prudently the finances of the organisation and protect the positioi) of potential creditors and employees by.. Eiisuring iii)restricted reserves to the equivalent of a minimum of 3 months, budgFeted expenditure plu5 restricted ndS and; PuttingF in place corrective action should the level of reserves fall below this level and,. Trig¥ering an orderly closure of the organisatioi) and the tennination and settlement of coi)tracts should unrestricted financial reserves fall below I month's budgettd expenditure. Page 7
Stone Community Hub Ltd Trustees Report {in¢orporating the Dir¢¢tors' Report) Small Company Statement This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Con)paiiies Act ?006. The annual report Mas approved by the trustees of the charity oi) . 31312021 and signed oi) its behalf by.. lan Fordham TTUStee Page 8
Stone Community Hub Ltd Independent Examiner's Report lo the trustees of Stone Community Hub Ltd I report to the charity trllstees on iny examination of the accounts of the charity for the year ended 31 July 2020 .hicli are set out on pabFe5 10 to 24. Respcetiwe responsibilities of trustees and examiner As tl)e charity's trustees of Stoi)e Communitj. Hub Ltd (and also it5 director5 for the putpose5 of company law) you are responsible for the preparation of the accoui)ts iii accordance with the requireTneiits of the Companies Act 2006 ('the 2006 Act'}. Having satisfied myself that the accounts of Stone Communitj. Hub Ltd are iiot required to be audited under Part 16 of the 2006 Act and are eligible for independent exarniiiation, I report iii respect of Tny exainination of }'our eharity's accounts as carried out ui)der sectioi) 145 of the Charities Act 2011 ('the 201 l Act'l. In carryii)g out my examinatioi) I have followed the Directions given by the Charity Commission under section 145(51(b} of the 2011 Act. Independent examiner's statement I havc complctcd my examination. I confim) that no matters have come to my attention in connection with the examination giviiig me cause to believe.. accounting records weie not kept ii) respect of Stone Coinmunity Hub Ltd as required by section i86 of the 2006 Act: or 2. the accounts do not accord with those records,. or 3. the accounts do not comply Th'ith the accountiiig requirement5 of 5ectioii 396 of the 2006 Act other than any requiremeiit that the accounts gyive a 'true and fair vieH which i5 not a inatter considered as part of an independent examination., or 4. 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 lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 10211. I have i)0 concems and have come across no other Inatters in connection with the examii)ation to which attention should be drawn in this report in ordei to enable a propel understanding of the accounts to be reached. Darvl Denson ACMA VAST The Dudson Centre Hanley Stoke-on-Trent STI 5DD Date.. 0910312021 Page 9
Stone Community Hub Ltd Statement of Finaneial Activities for the Year End¢d 31 July 2020 (Ineluding Income and Expenditure Account and Statement of Total Reeognised Gains and Losses) Unrestricted funds Restrieted funds Total 2020 Note Income and Endowments fro. Donations and legacies Other trading activiiies 56,927 3,744 3,270 60,197 3,744 Total income 60.671 3,270 63,941 Expenditure on.. Raising tunds Charitable activities 14301 (31,787) {430) (35,245} lJ.458} Total expenditure Gainsllosses on investtnent assets (32.217) 646 lJ.458} (35,675} 646 Net incomel{expenditure) 29,100 11881 28,912 Net movement in fvnds 29,100 11881 28,912 Reeoneiliation of funds Total funds brought forward 26.868 2,179 29,047 Total funds catTied fonvard 18 55,968 1,991 57,959 Unrestricted Restricted funds Total 2019 Note Income and Endowments fro. Donations and legacies Other trading aLtivities Other income 25.788 5.158 30,946 10.193 200 200 Total income i6,181 5,158 41,339 Expenditure on: Raising funds Charitable activities (4.656) 28,786 14.656) 33,071 4,285 Total expenditure 33,442 4,285 37,727 Net income 2,739 873 3,612 Net movement in ndS 2,739 873 3,612 Reconciliation of funds Total funds brought forward 24.129 1.306 25,435 Total funds carried fonvard 18 26,868 2,179 29,047 All of the charity's activities derive from continuing operations during the above two periods. The i)otes On pages 12 to 24 form an integral part of these financial statements. Page 10
Stone Community Hub Ltd (Registration numb¢r: 06330349) Balanee Sheet as at 31 July 2020 2020 2019 Note Fixed assets Tangible assets Investments 13 14 2,299 10,646 2,041 Current assels Dcbtors Cash at bank and in hand 15 16 2,936 46,000 2,812 25,397 ?8,209 Creditors: Amounts falling due within one year 17 13,922) 11 ?03) Net Current a$5ets 45,014 27,006 Net assets 57,959 29,047 Funds of the charity: Restricted income funds Restricted funds 18 ,991 2,179 Unrestricted income funds Unrestricted funds 55,968 26,868 Total funds 18 57,959 29,047 For the financial year ending 31 July 2020 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating io small companies. Directors, responsibilities.. The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to compaiiies subject to the 5niall coinpanie5 re¥iine. The financial statements on pages 10 10 24 were approved by the trustees, and authorised for issue on 31.312Q.21 . and signed on their behalf by.. lan Fordham Trustee The i)otes On pages 12 to 24 form an integral part of these financial statements. Page 11
Stone Community Hub Ltd Notes to th¢ Financial Statements for the Year Ended 31 Jul). 2020 Charity status The charity is a charity limited b}, guarantee and consequently does not have share ¢apital. Each of the members 15 liable to contribute ali amount not exceedingj £1 O towards the assets of the charity in the event of liquidation. 2 Accounting policies Summary ofsignifieant accounting polieies and key. aeeounting estimates The principal accounting policies applied in the prepargtion of these fingncial statements are set out below. These policies have been consistently applied to all the years presented, unless Otherw'ise stated. Statement of complianee The financial statements have been prepared in accordance with Accounting [d Reporting by Charities.. Statement of Recominet]ded Practice applicable to charities PTeparing their accoujits in accordance with the Fin[Cial Reporting Standard applicable in the UK ld Republic of Ireland (fRS 102) (effective l January 2019) - (Charities SORP (FRS 1021), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. They also comply with the Companies ALt 2006 and Charities ALt 2011. Basis of preparation Stone Cliniinunitv Hub Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recogni5ed at historical cost or transaction value unless otheNise stated in the relevant accounting policy notes. Going ¢on¢¢rn The trustees consider that there are no material uncenainties aboui the charity's ability to continue as a going concem nor any significant areas of uncertainly thai affeci the canying value of assets held by the Charity. Exemption from preparing a cash now 5tat¢ment The charity opied io adopt Bulleiin I published on 2 February 2016 and have therefore not included a cash flow siatemeni in these financial staiements. Income and endowment5 All income is recognised once the charity has entitlement to the income, li is probable Ihai the income will be received and the amount of the income receivable can be me&sured reliably. Donations are recognised when the charity ha5 been notified in WTiting of both thc amount and settlement date. In the event that a donation 15 siibject to conditions that reqiiire a level of perfonnance by the charity before the charity is entitled to the funds, the income is defetTed and not recOls¢d until either those conditions are fully et. or the fulfilment of those coiiditions 15 wholly .]thin the control of the charity and it is probable that these conditions will be fulfilled in the reportin¥ period. GruNts reeelv4ble Grants are recognised when rhe charity has an entitlement to the funds and any CL)nditions linked tl) the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is reclignised as a liability and included on the balance sheet as deferred income to be released. Page 12
Stone Community Hub Ltd Notes to th¢ Financial Statements for the Year Ended 31 Jul). 2020 InwE5tmenlincome Interest on fund5 held oil deposit 15 Iiicluded when receivable and the amount can be measured reliably by the charity; this 15 notrynally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend ha5 been declared and notification has been received of the dividend due. Expenditure All expenditure is recogniged once there is a legal or constructive obligation to that expenditure. it is probable settleinei)t is required and the amount can be Ineasured reliably. All costs are alloLated to the applicable expenditure heading that aggregate sin)ilar costs to that categonj. Where costs cannot be directly atiributed to particular headings they have been alloLated 01) a basis coi)sigtent with the use ol. resources. w'ith central staff Losts allocated on the basis of time spent. and depreciatioii charges allocated 01) the portion of the asset's use. Other support costs are allLKated based on the spread of stsff costs. Rai.suigfunds 'l-hc%e are costs incurred in attracting voliintary income, the management of investments and those incurred in trading activities Ihat raise nds. Chtsrltthble aeilvliles c.haritable expenditure Comprises those costs incurred by the charity in the delivery of its activities and services for its beneliciaries. It includes both costs that cai) be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audiL strategic management and trustees's meetings and reimbursed expenses. Government grants Government grants are reeognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs gre recognised. Grants relating to asseis are recognised over the expected useful life of the asset. Where part of a grant relgling to an asset is deferred, it is recognised as deferred income. Taxation The charity is considered to pass the tests sei out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation lax purposes. Accordingly, the charity is potentiallv exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of the Corporatioii Tax Act ?01 O or Section ?56 of the Taxatioii of Chargeable Gains Act 1992, to the extent that such incoine or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciatioii and subsequent accumulated impaitTrent 105se5. Depreciation and amortisation Depreciatioii is provided 011 tangible fixed as5et5 50 a5 to write off the cost or valuation, less any e5titnated residllal value, over their expected useful econotnic life as follom's.. Page 13
Stone Community Hub Ltd Notes to th¢ Financial Statements for the Year Ended 31 Jul). 2020 Asset cla55 Furniture & fittings Computer equipment Depreciation rnethod and rate 25 /0 reducing balance 25 /0 reducing balance Fixed assel investments Fixed asset investmeiits, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calLulated as the dierenCe between sales proceeds and their market value at the stan of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal. Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statemeni of Financial Activities based on the market value at the year end. Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of biisiness. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impaimient. A provision for the impaimient of trade debtors is established when there is objective evidence that the Charity will not be able to collect all amounts due according to the origijial tern]s of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call dep05lts, and other short-terni highlv liquid investsneiits that are readily convertible to a knowii arnount of cash and are subject to an insignifica]it risk of chaiige in valiie. Fund structure Unrestricted iiicotne funds are ¥eneral fuiids that are available for use at the trustees, di5crttioii in furtheraiice of the objectives of the charity. Restricted income funds are those donaied for use in a particular area or for specific purposes, the use of which is resiricted w ihai area or purpose. Pensions and other post retirement obligation5 The chariry operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributiolls to defined contribution plans are r¢cognised in th¢ Statement of Financial Activities when they are due. If contribution payments ¢xc¢ed th¢ contribution due for s¢rvi¢e, the ex¢ess is recognised as a prepayment. Page 14
Stone Community Hub Ltd Notes to th¢ Financial Statements for the Year Ended 31 Jul). 2020 3 Income from donations and legacies Unr¢5tricted Restricted fund5 Total 2020 General Donations and legacies: Donations from Climpanies. trusts and similar proceeds Gift aid reclaimed Grants, including capital grdnts., Govemment grdnts Grants from other charities 34,074 3,495 720 34,794 3,495 3,927 15,431 350 2,200 4.277 17,631 56,927 3,270 60,197 Unrestricted fund5 General Restricted fund5 Total 2019 Donatiolls and legacies: Donations from coinpanies, trusts and similar proceeds Gift aid reclaimed Grants. including capital grants., Govemment grants Regular giving and capital donations 14,855 2,448 1,180 16,035 2,448 3,978 3,978 8,485 8.485 25,788 5,158 30,946 4 Incorne from other trading activities Unrestricted fund5 General Total 2020 Local ndraIsing and street collection income 3,744 3,744 3,744 3.744 Unrestricted fund5 General Total 2019 Trading income; Sales of goods and services Local fundraising and street collection income 231 9.962 9,962 10,193 10,193 Page 15
Stone Community Hub Ltd Notes to th¢ Financial Statements for the Year Ended 31 Jul). 2020 5 Other income Unr¢5tricled fund5 General Total 2019 Fees and supplies 200 200 6 Expenditure on raising funds a) Costs of trading activities Unrestricted funds General Total 2020 Note Fui)draising trading ¢ogts', Fundraising 430 430 4?0 4iO Unrestricted fund5 General Total 2019 Note Fundraising trading costs., Fundraising 4,656 4,656 4,656 4.656 7 Expenditure otl charitable activities Unrestricted funds General Restricted funds Total 2020 Activities undertaken directly il,787 3,458 35,245 Unre5tri¢ted funds General Restricted fund5 Total 2019 Activities undertaken directly 28,786 4,285 33,071 Page 16
Stone Community Hub Ltd Notes to th¢ Financial Statements for the Year Ended 31 Jul). 2020 Activity undertaken directly 2020 Salaries Paj'roll Costs Rent Consumables Telephone & IT Insurat]ce & licences Equipment Travel & meeting expenses Training Miscellaneous Depreciaiion Indtp¢i)dei)t Examiners fee Repairs 19,010 270 7,381 3,169 19,010 270 7,381 3,169 7i2 945 945 946 946 105 105 45 245 1,765 582 50 45 245 1,765 582 50 35,245 Activity undertaken directlv 35,245 2019 Salaries Pay'roll Costs Rent Consumables 19,662 234 19,662 6,900 2,360 870 989 49 145 105 1,259 498 6,900 2,360 870 989 49 145 105 1,259 498 Telephone & IT Insurance & licences Equipment Travel & meeting ¢xp¢ns¢s Training Depreciation Independent Examiners fee 33,071 i3,071 £31,787 (2019 - £28,786) of the above expenditure was attributable to unrestricted funds and £3,458 (2019 £4,?85) to restricted funds. Page 17
Stone Community Hub Ltd Notes to th¢ Financial Statements for the Year Ended 31 Jul). 2020 8 Analvsis of governance and support eosts Governanee costs Unr¢5tricled fund5 General Total 2020 Independent examiner fees Examination of ihe financial staiements 58? 582 582 582 Unrestricted funds General Total 2019 Independent examiner fees Examination of the financial statenients 498 498 498 498 9 Government grants During the year the following govetnent grants were received.. Staffordshire County Council - £350 Staffordshire County Council - £1,000 Stafford Bortsugl) Council £2,927 The amL)unt of grants recognised in ihe financial statements was £4,277 (2019 - £3,978). There were no unfulfilled conditions or other contingencies in respect of government granis received. No other forn)s of govemment assistance were received by the organisation in the year. 10 Trllstets, remumerntion and expenses No trustees, nor any persons connected with them. have received any remuneration from the charity during the year. No trustees have received any reimbllr5ed expenses or any other benefits from the charity during the year. Page 18
Stone Community Hub Ltd Notes to th¢ Financial Statements for the Year Ended 31 Jul). 2020 I I Staff eosts The aggr¢gat¢ payroll costs were as follows.. 2020 2019 St8ff £0s¢s during the year were: Wages and salaries Pension costs 18,902 108 19,422 240 19,010 19,662 The mollthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalent5 was as folloM's'. 2020 No 2019 No Employees No employee received emoluments of more Ihan £60,000 during the year. The total employee benefits of the key management personnel of the charity were £9,236 (2019- £10,688). 12 Taxation The charity is a re¥istered charity and is therefore exeinpt from taxation. 13 Tangible fixed assets Furniture & ritting5 Total At l August 2019 Additions 5.Oi6 2,023 5,036 2,023 At 31 Jiily 2020 7,059 7,059 Depreciation At l August 2019 Charge fL)r the year 2,995 1,765 2,995 1,765 At 31 July 2020 4,760 4,760 Net book value At 31 July 2020 2.299 2,299 At31 July2019 2.041 2,041 Page 19
Stone Community Hub Ltd Notes to th¢ Financial Statements for the Year Ended 31 Jul). 2020 14 Fixed asset investments 2020 Other investments 10,646 Other investments Listed inwestmLlIts Total C05t or Valuation Gain on investment 646 10,000 646 10,000 Additions At 31 July 2020 10,646 lo,6 Net book value At 31 July 2020 10,646 10,646 The market value of Ihe listed investments at 31 July 2020 was £1 0,646 (2019 £Nil). The investments comprise 1,107.40 accumulation units in the CCLA Cl)arities Fixed li)tere5t Fui)d. 15 Debtors 2020 2019 Prepayments Accrued income 364 2.57? 364 2.448 2,936 2,812 16 Cash and cash equivalents 2020 2019 Cash at bank 46,000 25,397 17 Creditors: amounts falling due within one year 2020 2019 Other tsxatioi) and social security ACealS 71 3,851 29 1,174 3,922 Page 20
Stone Community Hub Ltd Notes to th¢ Financial Statements for the Year Ended 31 Jul). 2020 18 Funds Other re¢ogni8ed Balan¢¢ at gainsl{10sses) 31 .luly 2020 Balance al August 2019 Incoming resources Re50urce5 expended Unrestricted Gener1 General fund 26,868 60,671 132,217) 646 55,968 Restricted Rowley Trust Stone Town Coui)cil Stafford Borough Council Small Grant5 1.200 (200) (500) 1,000 500 456 (456) Stone Lions Club Staffordshire County Council Staffordshire Community Fund scvys Foodbank SARH Cares i50 350 1,000 (1,000) 195 195 89 273 223 (89) {273) (497) Stone Rotary 720 446 Total restricted 2,179 i,270 (i,458) ,991 Total funds 29.047 63.941 135,675) 646 57,959 Page21
Stone Community Hub Ltd Notes to th¢ Financial Statements for the Year Ended 31 Jul). 2020 Balance at I August 2018 Incoming resources Resource5 expended Balance at 31 July2019 Unrestricted funds Gener1 General fund 24,129 36,181 (i3,442) 26,868 Restricted Staffordshire County Council Stone Towii Couiicil Stafford Borough CounLil Small Grants 378 500 (378) 500 600 (144} (45} 456 443 Stone Lions Club 488 Per5iinmon Hoines ComTnunity Champions Staffordshire Community Fund scvys Foodbank SARH Cares Marks ai)d Spencers Stone Rotary Stafford BoroubFh Council 127 (127} 1367} (205) {45) (27) (500) 1447} 12,000} i67 200 200 195 124 10 89 300 500 670 2.(X)O 273 223 Total restri¢¢ed funds 1,306 5,158 14,?85) Total funds 25.435 41.339 (37,727) 29,047 Page 22
Stone Community Hub Ltd Notes to th¢ Financial Statements for the Year Ended 31 Jul). 2020 The specific purposes for which the funds are to be applied are as fLIIIows'. 2020 Stone Town Council- IT equipment. Siafford Borough Council Small Grants- Crafting for Calm. Sione Lions Club- for Bosom Buddies. Siaffordshire Community Foundation - COVID-19 emergency funding. Staffordshire Council for VoluntEry Youth Services (SCVYSI - Young people. Foodbank- restricted donations from multiple individuallcorporate donors. SARH Cares- Parent and Child craft and food bank. Stotje Rotsry- towards cost of weekly "Hub Grub" hot meal. Rowley Trust Holiday Hun¥er- funding for project to feed poor fatnilies durin¥ school holiday5. Rowley Trust cov1[19- to keep foodbank stocked. 2019 Staffordshire County Council - brnnded event banners and flags. Stone Town Council- IT equipment. Siafford Borough Council Small Grants- Crafting for Calm. Sione Lions Club- for Bosom Buddies. PersimmL)n House Community ChampiL)ns - funds for volunteer training and ongoing development for adult volullteers at the drop in centr¢. Staffordshire Community Fund - funds for the drop in centre. Staffordshire Coiincil for Voluntary Youth S¢rvi¢es (SCVYS) - Youth cafe and young people. Foodbank- restricted donations from multiple individuavcotporate donors. SARH Cares- Parent ai)d Child craft and food bank. Marks and Spencer- Parent and Child craft. Stone Rotary- towards Costs of Meekly "Hub Giub" hot Ineal. Stafford Borough Council kitchen refurbishinent. Page 23
Stone Community Hub Ltd Notes to th¢ Financial Statements for the Year Ended 31 Jul). 2020 19 Analvsis of net assets between funds Unrestricted Total funds 31 July 2019 General Designated Tangible fixed assets Fixed assei investments Current assets Current liabilities 2,299 10,646 46.945 13,922) 2,299 10,646 48,9)6 lJ.922} 1,991 Total i)et as5et5 55,968 1,991 57,959 Unrestricted funds General Total funds at 31 .luly 2019 Restricted fund5 Tangible fixed assets Current assets Current liabilities 2,041 26,030 (1,203) 2,041 28,209 11,203} 2,179 Total net assets 26,868 2,179 29,047 20 Related party transaetions There were no relaied parry transactions in the year. Page 24