REGISTERED COMPANY NUMBER: 07271654 (England and Wales) REGISTERED CHARITY NUMBER: 1138808
Report of the Trustees and Financial Statements
Year Ended 31 March 2023 Southern Holderness Resource Centre
Southgates Chartered Certified Accountants 9 Market Place Hedon East Yorkshire HU12 8JA
Southern Holderness Resource Centre
Contents of the Financial Statements for the year ended 31 March 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 13 |
Southern Holderness Resource Centre
Report of the Trustees for the year ended 31 March 2023
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 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objective of the charity is to provide a Resource Centre for the use of the community of Withernsea and Southern Holderness.
Significant activities
Like many charities across the nation the cost of living crisis has significantly impacted us as well as the community we serve. The rising costs of everything has meant we have to act with due diligence and caution in our expenditure, whilst still aiming to fulfil our community commitments. As we all know this is not an easy task, but as a board of trustees working with the CEO we have maintained financial stability by being proactive, regularly reviewing anticipated need, and evolving a more efficient cost-effective practices.
Over the last two years, we have developed our organisation, and its people, and more importantly our ability to support our community. At the same time, we have enhanced our credibility and our reputation, locally, regionally and nationally as a positive example of a proactive community hub. We are determined that the next five years will be about focusing our efforts on lasting change, through supporting people and our community out of deprivation.
Our strategy is all about maximising our impact and ensuring that all aspects of our work deliver real progress to the goals set.
We will also adapt and develop our services to make sure we can truly support people who are facing multiple challenges and exclusion.
Through our strategic partnerships we have focused on the areas that have had the greatest impact on tackling social isolation, economic development and health and wellbeing. One of these partnerships with the Humber Learning Consortium related to the national multiply initiative. Our team recognised that engaging individuals onto numeracy provision when they are struggling with the cost of living crisis was not beneficiary's biggest priority. So by integrating a voucher system to be spent with the pantry as part of the activity, enabled 140 individuals to benefit. The huge success of this has been recognised across the county as well as central government with representative from the multiply team visiting the centre.
Volunteers
The trustees would like to thank all the staff and volunteers, whose commitment, dedication and support continuously shine out. All members of the committee have seen them tirelessly support the many activities that the centre has either delivered or hosted, going above and beyond the call of duty each and every day.
On behalf of the Southern Holderness Resource Centre Committee we would like thank all staff volunteers and stakeholders, as without their support Shores it would not be as it is today, bringing a variety of skills and qualities to our community. As a committee it is not only important to ensure that we have a social impact on our community, but we have a financial stability.
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Southern Holderness Resource Centre
Report of the Trustees for the year ended 31 March 2023
OBJECTIVES AND ACTIVITIES
Financial position
In the year ended 31st March 2023 the charity made a surplus of £34,911 (2022 - £16,579). The net assets of the charity were £129,209 (2022 - £94,298).
Future plans
To continue evolving this strategy, collaboration is paramount. So, we will continue to work closely with our colleagues across the public, private and voluntary sectors, showing how joined up thinking and joined up doing can make a positive and real difference for those in need.
We are extremely grateful to those who support Shores every year, who generously give their time, money and voice to why this amazing community deserves support, investment and respect. We will nurture and grow this support, developing those into the next generation of community leaders We also have an important responsibility to challenge some of the negative stereotypes of our community and showcase the positivity that thrives within area.
Internally, we will continue to develop our organisation in line with our values. We will enable staff to work in more flexible ways, emphasising multidisciplinary working within the organisation.
Above all, and crucial to our success, is that everything we do will always be informed by the experiences and insights of local people.
By joining forces in every way, we can, together we have the knowledge, solutions and power to make a real and positive difference to our community.
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 trustees form the Executive Committee of the charity. The members of the Executive Committee are elected at the Annual General Meeting by the members of the Charity.
Organisational structure
The board of trustees manages the Charity, and aims to consider strategic and management decisions at its meetings. Trustees are aware that any conflicts of interest are declared and minuted.
Induction and training of new trustees
New trustees undergo induction training, provided by the Chair/Vice Chair of the Executive Committee. The induction includes a discussion about the role and responsibilities of trustees, the activities, aims and objectives of the charity, the structure of the organisation, board of trustees, general procedures of the organisation.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
07271654 (England and Wales)
Registered Charity number 1138808
Registered office
29-31 Seaside Road Withernsea East Yorkshire HU19 2DL
Trustees
Mrs C Laycock Director/Trustee Mrs L Healing Director/Trustee Mrs A Illingworth Director/Trustee (resigned 31/7/2023) Mrs J Sturt Director/Trustee (resigned 20/9/2022) Mrs P Hart (appointed 24/5/2023) Miss C Hart (appointed 24/7/2023)
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Southern Holderness Resource Centre
Report of the Trustees for the year ended 31 March 2023
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Antony Rookes FCCA Southgates Chartered Certified Accountants 9 Market Place Hedon East Yorkshire HU12 8JA
Approved by order of the board of trustees on 21 December 2023 and signed on its behalf by:
................................................................. Mrs L Healing - Trustee
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Independent Examiner's Report to the Trustees of Southern Holderness Resource Centre
Independent examiner's report to the trustees of Southern Holderness Resource Centre ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.
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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
Antony Rookes FCCA Southgates Chartered Certified Accountants Hedon
21 December 2023
Page 4
Southern Holderness Resource Centre
Statement of Financial Activities
for the year ended 31 March 2023
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 14,927 Charitable activities Charitable activities 73,723 Grant funded initiatives - Other trading activities 2 208,850 Investment income 3 261 Total 297,761 EXPENDITURE ON Raising funds Other trading activities 212,914 212,914 Charitable activities Charitable activities 81,603 Total 294,517 NET INCOME 3,244 RECONCILIATION OF FUNDS Total funds brought forward 94,298 TOTAL FUNDS CARRIED FORWARD 97,542 |
Restricted funds £ - 39,067 47,500 - - 86,567 - - 54,900 54,900 31,667 - 31,667 |
2023 Total funds £ 14,927 112,790 47,500 208,850 261 384,328 212,914 212,914 136,503 349,417 34,911 94,298 129,209 |
2022 Total funds £ 1,996 220,161 - 148,710 67 |
|---|---|---|---|
| 370,934 | |||
| 150,628 | |||
| 150,628 203,727 |
|||
| 354,355 | |||
| 16,579 77,719 |
|||
| 94,298 |
The notes form part of these financial statements
Page 5
Southern Holderness Resource Centre (Registered number: 07271654)
Balance Sheet
31 March 2023
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 8 5,239 CURRENT ASSETS Debtors 9 209,362 Cash at bank and in hand 166,614 375,976 CREDITORS Amounts falling due within one year 10 (283,673) NET CURRENT ASSETS 92,303 TOTAL ASSETS LESS CURRENT LIABILITIES 97,542 NET ASSETS/(LIABILITIES) 97,542 FUNDS 12 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - - 31,667 31,667 - 31,667 31,667 31,667 |
2023 Total funds £ 5,239 209,362 198,281 407,643 (283,673) 123,970 129,209 129,209 97,542 31,667 129,209 |
2022 Total funds £ 7,235 287,314 88,110 375,424 (288,361) 87,063 94,298 94,298 94,298 - 94,298 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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.
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 21 December 2023 and were signed on its behalf by:
............................................. Mrs L Healing - Trustee
The notes form part of these financial statements
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Southern Holderness Resource Centre
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 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.
Fixtures and fittings - 20% on cost Motor vehicles - 25% on reducing balance Computer equipment - 50% on cost
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.
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.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
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Southern Holderness Resource Centre
Notes to the Financial Statements - continued
for the year ended 31 March 2023
2. OTHER TRADING ACTIVITIES
| Training and support services Telephone, internet and fax Photocopying Rent Room hire Contracting Big local management INVESTMENT INCOME Deposit account interest NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Hire of plant and machinery Other operating leases |
2023 £ 120,484 296 81 25,519 5,588 10,169 46,713 208,850 2023 £ 261 2023 £ 3,238 515 2,235 |
2022 £ 43,047 406 68 34,851 2,237 44,384 23,717 148,710 2022 £ 67 2022 £ 2,693 1,350 5,051 |
|---|---|---|
3. INVESTMENT INCOME
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
5. 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.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2023 | 2022 | |
|---|---|---|
| Staff | 12 | 17 |
No employees received emoluments in excess of £60,000.
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Southern Holderness Resource Centre
Notes to the Financial Statements - continued for the year ended 31 March 2023
| 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 1,996 - Charitable activities Charitable activities 182,634 37,527 Other trading activities 148,710 - Investment income 67 - Total 333,407 37,527 EXPENDITURE ON Raising funds Other trading activities 150,628 - 150,628 - Charitable activities Charitable activities 166,200 37,527 Total 316,828 37,527 NET INCOME 16,579 - RECONCILIATION OF FUNDS Total funds brought forward 77,719 - TOTAL FUNDS CARRIED FORWARD 94,298 - 8. TANGIBLE FIXED ASSETS Fixtures and Motor Computer fittings vehicles equipment £ £ £ COST At 1 April 2022 25,219 1,200 3,417 Additions - - 1,242 At 31 March 2023 25,219 1,200 4,659 DEPRECIATION At 1 April 2022 19,817 300 2,484 Charge for year 1,459 225 1,554 At 31 March 2023 21,276 525 4,038 NET BOOK VALUE At 31 March 2023 3,943 675 621 At 31 March 2022 5,402 900 933 |
Total funds £ 1,996 220,161 148,710 67 |
|---|---|
| 370,934 | |
| 150,628 | |
| 150,628 203,727 |
|
| 354,355 | |
| 16,579 77,719 |
|
| 94,298 | |
| Totals £ 29,836 1,242 31,078 22,601 3,238 25,839 5,239 7,235 |
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Southern Holderness Resource Centre
Notes to the Financial Statements - continued for the year ended 31 March 2023
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Other debtors Loan - Shores Homecare Limited Loan - Shores Community Diner Limited Loan - Seaside Radio Limited VAT Prepayments The loans included in the amounts above are all due after one year. 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other loans (see note 11) Trade creditors Social security and other taxes Other creditors Credit card Accruals and deferred income 11. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Loan - Southern Holderness Resource Centre (un-incorporated) 12. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds National Lottery - Community Fund TOTAL FUNDS |
At 1.4.22 £ 94,298 - 94,298 |
2023 £ 86,018 2,233 21,940 41,805 46,659 7,651 3,056 209,362 2023 £ 277,837 1,560 2,301 228 9 1,738 283,673 2023 £ 277,837 Net movement in funds £ 3,244 31,667 34,911 |
2022 £ 151,463 793 20,505 51,904 45,218 1,782 15,649 287,314 2022 £ 277,837 6,590 2,451 228 8 1,247 288,361 2022 £ 277,837 At 31.3.23 £ 97,542 31,667 129,209 |
|---|---|---|---|
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Southern Holderness Resource Centre
Notes to the Financial Statements - continued
for the year ended 31 March 2023
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 297,760 Restricted funds Big Local 2,500 ERYC - South Holderness food bank 20,000 ERYC - Bike Hub 2,800 ERYC - Blue Door 2,124 National Lottery - Community Fund 47,500 ERYC - Easter 1,800 ERYC - Brew at two 4,849 ERYC - Active Withernsea 4,995 86,568 TOTAL FUNDS 384,328 Comparatives for movement in funds At 1.4.21 £ Unrestricted funds General fund 77,719 TOTAL FUNDS 77,719 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 333,408 Restricted funds ERYC - Bike Hub 25,200 ERYC - Craft Cupboard 2,451 ERYC - Pod Squad 4,875 ERYC - Blue Door 5,000 37,526 TOTAL FUNDS 370,934 |
Resources expended £ (294,516) (2,500) (20,000) (2,800) (2,124) (15,833) (1,800) (4,849) (4,995) (54,901) (349,417) Net movement in funds £ 16,579 16,579 Resources expended £ (316,829) (25,200) (2,451) (4,875) (5,000) (37,526) (354,355) |
Movement in funds £ 3,244 - - - - 31,667 - - - 31,667 34,911 At 31.3.22 £ 94,298 94,298 Movement in funds £ 16,579 - - - - - 16,579 |
|---|---|---|
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Southern Holderness Resource Centre
Notes to the Financial Statements - continued for the year ended 31 March 2023
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.4.21 | in funds | 31.3.23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 77,719 | 19,823 | 97,542 | |
| Restricted funds | ||||
| National Lottery - Community Fund | - | 31,667 | 31,667 | |
| TOTAL FUNDS | 77,719 | 51,490 | 129,209 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Big Local ERYC - South Holderness food bank ERYC - Bike Hub ERYC - Craft Cupboard ERYC - Pod Squad ERYC - Blue Door National Lottery - Community Fund ERYC - Easter ERYC - Brew at two ERYC - Active Withernsea TOTAL FUNDS |
Incoming resources £ 631,168 2,500 20,000 28,000 2,451 4,875 7,124 47,500 1,800 4,849 4,995 124,094 755,262 |
Resources Movement expended in funds £ £ (611,345) 19,823 (2,500) - (20,000) - (28,000) - (2,451) - (4,875) - (7,124) - (15,833) 31,667 (1,800) - (4,849) - (4,995) - (92,427) 31,667 (703,772) 51,490 |
|---|---|---|
13. RELATED PARTY DISCLOSURES
Southern Holderness Resource Centre (un-incorporated)
A charity with shared trustees.
At 1st April 2014 the company took over the charitable activities of Southern Holderness Resource Centre, an unincorporated charity with common trustees. The un-incorporated charity retained the freehold property from which the charitable company continues to perform its activities.
The company received loan finance from Southern Holderness Resource Centre with a balance of £277,837 outstanding at the year end.
Shores Community Diner Limited
A company with shared directors.
During the year the company made sales to Shores Community Diner Limited valuing £538. These transactions took place on normal commercial terms. There was a balance of £48,829 owing at the year end.
The company provided loan finance to Shores Community Diner Limited with a balance of £41,805 owed at the year end.
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Southern Holderness Resource Centre
Notes to the Financial Statements - continued for the year ended 31 March 2023
13. RELATED PARTY DISCLOSURES - continued
Shores Homecare Limited
A company with shared directors.
During the year the company made sales to Shores Homecare Diner Limited valuing £11,034. There was a balance of £33,377 owing at the year end.
The company provided loan finance to Shores Homecare Limited with a balance of £21,939 owed at the year end.
Seaside Radio Limited
A company with shared trustees.
The company provided loan finance to Seaside Radio Limited with a balance of £46,658 owed at the year end.
14. LIMITED BY GUARANTEE
The company is Limited by Guarantee. Every member undertakes to contribute an amount not exceeding £10.00 to the company's assets if it should be wound up while he or she is a member or within one year of ceasing to be a member.
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This page does not form part of the statutory financial statements
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