RE61STERED CQMPANY NUMBER: 07404469 (England and Wales} REGisfERED CHARtrY NUMBER: 1139747 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 JULY 2024 FOR MELTON LEARNING HUB Duncan &Toplis Limtted 26 Park Road Melton Mowbray Leicestershire LE1
MELTQN LEARNING HUB CONTENTS OF THE FINANCIAL STATEMEKrs FOR ThE YEAR ENDED 31 JULY 2024 Page REference and Admin15trative Detai15 Report ol thè TNstee5 2 to 19 Indèpendent Examiner's Report 20 Statement of Flnanclal Artiyltles 21 Balance Sheet 22 Cash Flow Ststement 23 Notes to the Cosh Flow Statement 24 Notes to the Financlal 5tBtements 25 to 33 Detailed Statement of Flnancial Activities 34 to 35
MELTON LEARNINfj HUB REFERENCE AND ADMINISTRATIVE DEfAILS FOR THE YEAR ENDED 31 JULY 2024 TRusfEES S E Butcher Iresigned 23.8.241 D F Clemer)ts L M Moore P M Pomett Chairperson P Saxby S W TaylorW1 Chair K M Theobald P CTreadwell . R whItnghaM REGISTERED OFFICE Melton Learnlng Hub Burton Road Melton Mowbray Leicestershire LE13 IDJ REGisfERED COMPANY NUMBER 07404469 {Enand and Wales) REGisfERED CHARITY NUMBER 1139747 INDEPENDENT EXAMINER Duncan & Toplls Umlted 26 Park Road Melton Mowbrav Leicestershire LE13 Irr BANKERS HSBC Bank PLC 17 High Street Mekon Mowbray Leicestershire LE0 Page I
Chair erson's Introduction The Melton Learning Hub has been running for 19 years now and the growth in the services we offer and qualifications learners achieve have been significant. What started as a small operation to prevent anti-social behaviour and truancy from the local secondary schools has become one of the most respected altemative education providers in Leicestershire. The focus of our report is usually on the education services we offer which generate the bulk of the Charity's income however this year is a significant one for our project- Engage. We have again been successful in a bid to the National Lottery Community Fund. This sees the Engage fund being able to continue for a further 4 year5 and expand its service into the Coalville area. We introduced the Engage team when tutors identified that the young people who attended our centre needed support around issues at home. The staff team felt they could not give the young people the time they and their families needed. We work closely with social services and family outreach workers, but their time is limited and we found many of our families were in a cycle of social services involvement. The original funding bid was submitted in partnership with another Community Interest Company but has progressed to being just the Hub leading sinGe the passing of our dear friend Andrew Lake. The Engage workers Joe Roughton and Kate Champneys have worked with over 400 young people in the 5 years the project has been running, supporting them and families to have a healthier dynamic thereby requiring less statutory agency involvement. We encourage you to look at the annual reports to see some of the amazing case studies from the project. The continued funding we have received from The National Lottery reflects the confidence they have in the value of this work and together we are building a match funded model that we hope will be the basis for its permanent establishment as part of the team. The annual report also is the opportunity to thank not only the large grant givers such as the Lottery but the personal grants we receive from local business people. This year we especially want to thank Steve Jones both on a personal level and his business EAPL for supporting us. The donation he gave us has allowed us to introduce a reward based system to encourage leaners to improve behaviour at centre. 10 positive lessons gets the leaners a reward! Encouraging young people to see that hard work pays. Company Number- 07404469 Registered Charity Number= 1139747
Pam Posnett MBE Chair of The Board of Directors Company Number- 07404469 Registered Charity Number= 1139747
The Melton Learnin Hub Re ort of the Trustees For the ear ended 31 Jul 2024 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 July 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). Ob"ectives and Activities The Melton Learning Hub (The Hub) is an alternative learning centre, offering young people a variety of vocational qualifications in practical subjects. The joint objectives reflect our combined aims now we have merged with Voluntary Action Melton. Our main objectives are: (a) To act as a resource for young people up to the age of 25 living in Melton Borough and surrounding areas by providing advice and assistance and organising programmes of physical, educational and other activities as a means of advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals; advancing the education of young people. relieving unemployment. (b) To help young people; especially, but not exclusively, through leisure time activities, so as to develop their capabilities so that they may grow to full maturity as individuals and members of society. (c} To promote social inclusion for the public benefit in Melton Borough and surrounding areas by preventing people from becoming socially excluded and assisting them to integrate into sociely. (d) To develop the capacity and skills of people who are socially excluded in Melton Borough and surrounding areas in such a way that they are better able to identify, and help meet their needs and to participate more fully in society. The significant activities undertaken to further the charitable objectives are set out in the Achievement and Performance section. The trustees have had due regard to the Charity Commission's guidance on public benefit. Company Number= 07404469 Registered Charity Number= 1139747
Structure Governance and Mana ement Governin document The organisation is a charitable company limited by guarantee, incorporated on 12 October 2010 and registered as a charity on 11 January 2011. The company was estsblished under a Memorandum of Association which established the objécts and powers of the charity and is govemed under its Articles of Association. The directors, who are the trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 1. It is our policy to undertake ongoing risk assessments and take such measures as are necessary to ensure the health and safety of staff, volunteers, families and members of the public who visit our premises and are involved in our work. anisational Structure The Board of Directors is the responsible authority for decision making of the charity. The Board meet every other month and re1ve monthly profit and loss updates. The Business Manager also provides a monthly update on the Charity's activity. Sarah Cox is the Business Manager and Lucie Larke is the Operational Manager. Together both Managers have delegated authority for day-to-day activities. Alison Smith is the Finance Officerfor the charity. For both Directors Meetings and Staff Meetings minutes are taken. Recruitment of Directors There has been no recruitment of new Directors this year. The charity advertises if new directors are required. We seek a broad spectrum of skills for the board. All directors are provided with the charity Commission guidan before they commence with us. As we are a charity that works with young people and vulnerable elderly people all Directors are DBS checked and receive Safeguarding training on a yearly basis. One Director stood down this year as they became a Driver for our transport scheme. Our thanks go to Sharon Brown who remains a friend of the charity. Awards Pay is determined by the board of Directors on a yearly basis. The Board takes into accountthe current financial position of the charity and market forces such as inflation. Yearly awards are modest to secure the position of the charity, however if a surplus is forecast yearly bonuses are determined by the Directors and awarded to staff. Company Number- 07404469 Registered Charity Number= 1139747
Workin To ether The Melton Learning Hub is in a strong position in relation to our assets and therefore we work collaboratively to support other local charities. An example of this is the use of our site by MENCAP for their Summer scheme. We do not charge to for this, as they meet our charitable aims in the work they do with young adults with learning difficulties. Through our foodbank work we support Oasis daycare and Brownlow School Wellbeing Hub ensuring young people across the town have access to food. This year we are seeking to purchase a small piece of land in partnership with the Indoor Bowls Club. This land will be developed as a Forest school for the use of all community groups in the town. Achievements and Performance Alternative Education This year has been full of projects at centre. Embedding the skills students learn through working as a team to complete projects is a great way of showing what a student can achi8ve. It is through the project work that soft skills of being in a team and communication are learnt. These are essential for any workplace. The below image is of the seating and firepit area the construction students developed this year. They designed, sourced, costed and constructed the area. This really improved the appearance of the top of our Hub site as well. Company Number- 07404469 Registered Charity Number= 1139747
Construction ro ect- icture of outside seatin Iiiip,I kl 111 bkV•¥diftlll Iliiiil Gardenin Horticulture skills classes are often benefjcial to our students who are doing Construction. We have had a number of previous students go into landscaping and we support learning a variety of practical skills that can be adaptable to a number of trades and professions. This year both art and craft students joined those in horticulture to further develop our site. It created a beautiful, vibrant environment for all our students and peaceful areas for them to enjoy breaks and lunchtime. Company Number- 07404469 Registered Charity Number= 1139747
Company Number= 07404469 Registered Charity Number= 1139747
Thanks to our Su orters This year cannot go by without us thanking two grant givers who have really helped us enhan the Hub site. It would be true to say that our Art shed was on its last legs. Our Thanks go to Steve Jones a local business man for his support in buying us a new shed and supporting our student reward scheme. Your support has been invaluable and meant so much to Lucie and the students. Our thanks must go out to Barratts who this year supported us not only with materials for our construction lessons but with the eXptIonallY ".4 generous help of replacing our Hub cent'S facias. They had seen better days and the work completed over the Summer period has really given the site a needed refresh. In particular, thank you Jess for overseeing all the work. Lucie with Steve's Art Shed- Thank you so much a charity we are so grateful for the support we have received but also the friendships we develop with local philanthropists. These are often long lived and we enjoy them returning to centre and being able to see how the students have developed with their support. Company Number- 07404469 RegiSted Charity Number- 1139747
Testimonials from schools Getting feedback from service users is essential to keep improving the offer we deliver here at the Hub. This year as part of our Annual Monitoring review conducted by NCFE some of our key providers were approached. The feedback we received included: "The work that Sarah and Lucie have done to ensure their provision is outstanding, is a credit to them. They will always be my benchmark for excellent alternative provision." Deputy Head of Roundhill Academy "Withoutyou and allyour time, AP would not be thriving as he is. Thankyou for never giving up on him. you are the best school we have had the pleasure of working with. Platform Childcare These comments reflect the commitment of our staff team and the work they do in supporting all of our students. Student Achievements The Hub is registered with NCFE as its exam board and we are proud of the ongoing achievements of our learners. The qualifications they achieve give access to further professional qualifications and college courses. Each year we develop further skills for the learners to develop. As an example construction has expanded to offer lessons in slabbing. scaffolding. plastering and rendering. All of these skills are beneficial for their future study and work. Pre aration for Life and Work This is our largest group of qualifications and we are always looking for new units to teach. The qualification ranges from Entry Level 3 through to Level 2 and as such can cater to a wide spectrum of ability. It also allows learners to progress during their tirne with us. QA Group Code Course Number of istrations Number of Certifications 37 Preparation for Lrfe and Work 6011108719 NCFE Level 1 Award Occupational studies for the work lace NCFE Level 1 Certificate Occu ational 46 Preparation for Life and Work 6011108810 17 17 Company Number= 07404469 Registered Charty Number= 1139747 Page | 10
studies for the work la NCFE Enty level 3 0upational studies for the work lace NCFE Entry Level Award in Occupational Studies for the work lace NCFE Level 2 award in Occupational studies for the work lace NCFE Level 2 Exploring Occupational Studies for the work lace NCFE Level 1 Exercise Studies NCFE CACHE Level 1 Award in Caring for children NCFE Level 1 award in Em lo abil NCFE Level 1 award in personal and social develo ment Preparation for Life and Work 6011118619 18 18 Preparation for Life and Work 6011118610 58 55 Preparation for Lrfe and work 6011142411 Preparation for Life and work 6011149716 10 Level 1 Exercise Studies childcare 500rT99719 12 5001901010 Employability 6011468011 10 10 Personal and social Development 50110672rT Creative sub.ects Arts and Media 5001845419 NCFE Level 1 Award in Graphic Desi NCFE Enty level in Creative Craft En NCFE level 2 certificate in Hertta e Craft NCFE Level 1 in Creative Craft 15 13 Arts and Media 6001494413 31 30 Arts and Media 60113232121HTC Arts and Media Arts and Media 6011336010 19 17 60113360101COO NCFE Level 1 Award in Creative Craft Cooke NCFE Level 1 Award in Textiles 21 21 Arts and Media 6011336010rrEX Company Number- 07404469 Registered Charity Number= 1139747
Arts and Media 6011336112 NCFE Level 2 Award in Creative Craft NCFE Level 2 award in Cookery NCFE Level 1 Award in Herita e Craft Arts and Media Arts and Media 60113361121COO 601133601HTC Functional Skills Functional Skills Functional Skills 6031505210 NCFE Entry level 3 En lish NCFE Entry Level 2 in Mathematics NCFE Level 2 En lish NCFE Level 1 in Mathematics NCFE Entry level 2 in lish NCFE Level 1 lish NCFE Entry Level 1 in En lish NCFE Entry level 3 in Malhematics 14 6031505312 Functional Skills Functional Skills 6031505414 6031505516 10 Functional Skills 6031505618 11 Functional Skills Functional Skills 6031505811 6031505913 Functional Skills 6031506111 14 13 These are a really positive set of results for our students this year and this continued success is why schools are choosing to place their students with us. Our goal is always to look at the option of supporting a GCSE curriculum for Maths and English. Recruiting teachers in this area for schools is challenging and even more so for alternative education providers. We encourage you all to look at students work by following the link: htt s:Ilwww.facebook.cornlmelton.learnin hublvideos1326961235003371 Company Number= 07404469 Registered Charity Number= 1139747
The Venue- Foodbank The Hub continues to operate a foodbank service both to its own students and families across the district. We work closely with local schools and pre-schools to support families in need. Through our Community transport service we have also identified a growing number of elderly, vulnerable residents who have required our support. Although the funding from the Household fund has reduced in the amount awarded from LCC we continue to support large numbers of young people and their families. We work with Oasis Pre-school" The Grove and Help the Isolated to distribute the food we receive from Fare share. Youth Club This year we are able to report that youth Clubs are back and not only one but three. This has been a long time coming and shows the perseverance of the team to deliver a service we know the community value. SEND Thanks to our Engage team and Lead Worker Joe this offer has been so popular we have over 40 families attending ntre each Monday evening. The group not only offer activities for the children but the families also support each other. This year the group organised an ovemight camp to Cuckoo Farm in Rutland. It was wonderful as the Dedicated Safeguarding Lead to visit the site and see children running around with their Makaton's (a devi used to aid communication for non-verbal children) communicating with each other. For many families this was only achievable through the support they gave each other. Company Number= 07404469 Registered Charity Number- 1139747
Girls Grou Kate and Ruth run our group with 25 members attending each Thursday. The group not only have activities at ntre but also go to the theatre and take part in creative workshops at Kick up the Arts in Melton town centre. The group continues in its success and notably the support it gave one girl with an appeal for a local school placement. Frida Youth Club This is the youth club we have all pushed for. Before COVID our youth clubs were funded by the Police and Crime Commissioner and we had over 120 members. Obtaining funding for such clubs has been really challenging. Thanks to the Rotary Club of Melton Mowbray we have been able to re-introduce a monthly open session at the Venue. We offer two different sessions a younger one for 8-12 year olds and a second for 13-16 year olds. The sessions have been massively over subscribed Melton Borou h Communi Trans ort Scheme The scheme continues to seek new drivers and this is the biggest threat to the continuation of the seNice. We have advertised repeatedly for new drivers but it is clear people are working longer and when they do retire still might have caring responsibilities for example with grandchildren. We are ever grateful for the work our volunteer drivers do. Our Community Transport Driver - Dave Bennett retir8d this year having worked for us for 10 years. This followed 30 years of service in the Leicestershire police service. After all these years working for our community he deserves a rest, however he has committed to coming back as a volunteer driver. Communit Trans ort Breakdown of Communi 30th June 2024 Trans ort Scheme Journe s 15tJul 2023- Communi Trans ort e of Journe Social Car Non- wheelchair user Wheelchair assen er ourne Carer ourne Total social Number of Journe 2533 88 59 2680 ourne Company Number- 07404469 Registered Charity Number= 1139747
Trips to attend Hosprtal (Section 256) e of Journe Non wheelchair oume Wheelchair ourne Carer Joume Total Total "ourne Number of Journe 1339 114 134 1587 4267 s for the scheme 148 'obs we could not fulfil due to a lack of drivers. Volunteers The Hub supports and values its volunteer team. The community transport scheme relies heavily on our volunteers, and we are always on the search for new recruits to the service. We currently have 18 volunteer drivers. Last year we attended the Volunteer recruitment event run by MBC to try and add to our numbers. We were also supported by Melton Vale Sixth Form academy with a student producing a recruitment video for social media. The Hub has a small team of volunteers that currently help run the youth clubs and HAF schemes we offer. En We have been successful this year in our bid to the Communlty Lottery for funding to sustain and develop services for the next 4 years. The addition sees a new member of staff join the team and Kate move across to Coalvill&. The continued funding sees the value placed in the service not only by local schools and families but also the Lottery themselves. We are so pleased that there is recognition that young people need this level of support. Our annual report for Engage can be seen on the website. Holida Activities and Food Summer Scheme HAF The Melton Learning Hub has run the HAF summer scheme for a number of years. This is our opportunity to share with the communty any surplus we have made over the year. HAF is a funded programme however the charity chooses to fund additional activities during the scheme. This year due to the poor weather we had lots of fun and exciting indoor trips. The group was able to go to Planet Bounce, Wollaton Hall, ten pin bowling and a private screening at a cinema - all at no cost to the families and young people. The scheme itself supports young people to eat healthily and engage in a sporting activity for 4 hours a day, 4 days a week, for 4 weeks of the summer holiday. Company Number- 07404469 Registered Charty Number- 1139747 Page | 15
We offered a variety of sporting activities to engage young people in sports they might never have tried before. We visited an air rifle range, took groups magnet fishing and played foot golf as some examples, as well as traditional sporting activities. This year the scheme was praised due to the highly inclusive offer we deliver. The County HAF team noted that the scheme was inclusive, meeting an exceptional variety of need. The delivery of the scheme is a huge commitment by the staff team who go straight into delivery once tem ends. The Hub is also proud to support the local MENCAP Summer scheme by sponsoring one place for a family on their scheme. Financial Review The Melton Learning Hub is a company limited by guarantee, govemed by its memorandum and Articles of Association. It is a registered charity with the Charity Commission. Its main purpose is to promote charitable purposes for the benefit of the community and is contracted to act as a community hub, providing a range of services directly to the community. There were 9 trustees at the start of the financial year, each of whom agrees to contribute £10 in the event of the Charity winding up. The charity has operated a surplus this year and an allocation of this will be spent in accordance with the business plan on repairs and replacement of equipment. The income of the charity fluctuates yearly on the basis of the affordability of schools being able to send students to us. We are therefore heavily affected by the funding for education. The aim of the charity is to maintain its strong educational and wellbeing reputation so we are the alternative educator of choice to schools. The charity has had no significant financial events this year that would cause risk to the charity. We have adopted a 6 months operating cost Reserves Policy which can be viewed on our website. The Melton Leaming Hub currently operates a current account and a reserves account. It is only due to the financial stability of the charity that in the forthcoming year we intend to look at investing the reserves to maximise income. This is not a position the charity has been in previously and therefore we intend to only adopt a low-risk investment strategy. Company Number- 07404469 Registered Charity Number= 1139747
Princi al fundin sources Total incoming resources for the period amounted to £749,614, with total reSoUrS expended of £743,455, resulting in net incoming resources of £6,159 (2023: £81,796). The main sources of income for the charity continue to be that of invoiced income through providing teaching facilities, as well as donated income totslling £176,664, (2023: £268.880). During the year, the charity continued to be able to offer support and on site education to all of the students. Reserves Polic Reserves are defined as that part of the current assets freely available for general purposes, as opposed to fixed assets and monies held in restricted fvnds or designated for specific uses. At 31 July 2024 the free reserves were £696,602 (2023: £666,135). The charity has had no significant financial events this year that would cause risk to the charity. We have adopted a 6 rnonths operating cost Reserves Policy which can be viewed on our website. Plans for future eriods The Melton Learning Hub is in a secure financial place and therefore this has allowed us to expand our plans for the fvture. Next year will see the purchase of a piece of land within Melton Mowbray and the development of a Forest School facility. The school will be available to community groups for their use and we are working Closely with Melton MENCAP to ensure the site is fully aCSsible. This will require investment from the charity but we see it of meeting the charity's objectives and a very worthwhile investment. Next year we will be re-negotiating the lease of the Venue facility and we are looking at refurbishment of the site once this has been agreed. The Venue services have expanded and the site is seen as essential to the delivery of not only our education service but in particular our youth services. The Melton Learnin Directors Hub Trust Board and Com an Pam Posnett - Individual Member - Chairperson Kate Theobald - Individual Member Linda Moore- Individual Member Steve Taylor- Vice Chair Peter Treadwell - Individual member Company Number= 07404469 Registered Charty Number- 1139747
Rob Whittingham - Individual member Doug Clements - Individual member Paul Saxby- Individual member Sharon Butcher- Individual member (Resigned 2310812024) Thank ou to our Funders The Melton Learning Hub is extremely grateful to the following funding bodies who have helped and supported its work through the year: these funders have supported our activities against the objectives of the charity. The Melton learning Hub will always seek funding where the opportunity arises and the Funders, objectives meet the aims of the charity. Therefore, much of our fundraising is in response to particular funding streams being announced. This fundraising supports the charity in replacing equipment and materials where we would struggle to do so otherwise. The National Lottery's support for Engage is essential to this valuable service in the community. In the upcoming year we will be looking at the viability of applying for continued funding or identifying an altemate grant giver to maintain and develop the service. The Leicester, Leicestershire and Rutland Community Foundation. running costs) Transport Project - Leicestershire County Council- Delivery of Community Transport Steve Jones and the Sycamore Fund- for supporting material costs and the rewards programme we offer to students. Lastly for his purchase of Lucie's Art shed! All three Melton Rotary Clubs: The Melton Club, Aurora & Belvoir Clubs- sponsoring student of the year and helping fund our garden. National Lottery Community Fund- funding the Engage project Barratts- for materials to aid delivery of construction lessons. For replacing the facias on our site- the Hub Burton Road MEC- for their continued support of 19+ students as they move into further education or employment. Engage LOTTERY FUNDED Company Number- 07404469 Registered Charity Number= 1139747
erational and Financial Statement The Melton Leaming Hub continues to operate a sound financial accounting system in accordance with its status as a charty (1139747) Despite the ever-challenging financial dimate that charities are facing, our Charity remains in a sustsinable position. The focus of the Charity's financial position is to reduce the requirement for external funding and to ensure that all areas of operation are self-sustaining. In accordan with our reserve policy we retsin 6 months operating costs. Our Reserves policy can be viewed online. A copy of our year end accounts will be submitted to the charity commission and are available on request. Kate Theobald Finance Director Approved by order of the board of trustees on and signed on its behalf by: P M Posnett - Trustee Company Number= 07404469 Registered Charity Number- 1139747 Page | 19
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF MELTON LLqRNING HUB Independent examinèr's report to the trustee5 of Melton Learning Hub I'thè Company'l I report to the charity trustees my examinatSon of the accounts of the Company forthe year ended 31 July 2024. Responsibllltles and basis of report A5 the charity's trustees of the Company land also its directors for the purposes of compan¥ lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2LYJ6 Act'l. Havlng satisfied myself that the accovnts of the Company are not required to be audtted 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 Charitie5 Att 20111.the 2011 Act'l. In carrying out my examinatiOTI I have followed the Direction5 given by the Charity Commission under Section 145151 Ibl of the 2011 Act. Independent examlner'5 Statement Since your charbty's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake tle examination because l am a member of the Institute of Chartered Accountants in England and Wales. which 15 one of the listed bodies. I have completed my examination. I confirrn that no rnatters 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 tha accounts do not accord with those records: or the account5 do not comply with the accounting requlrements Df Sectlon 396 of the 2006 Art other than any requlrement that the accounts give a true and fair view which is not a matter considered as part of an independent examlnatlon,. or th2 accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Prartice 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 ot Ireland IFRS 1021). I have no Concerns and have come across no other matters In CDnnectlon with the e%amlnation to which attentlon should be drawn in thi5 report in order to enable a proper understsndin8 of the accounts to be reached. Niall Kingsley FCA The Institute of Chartered Accountant5 in England and Wales Duncan & Toplis Llmited 26 Park Road Melton Mowbray Leicestershire LE13 ITT Date.. Page 20
MELTON LEARNING HUB srATEMEhrroF HNANCIAL AcnvmES (INCORPORAnNG AN INCOME AND EXPENDtruRE ACCOUTrffj FOR THE YEAR ENDED 31JULY2024 2024 2023 Totsl funds Unrestricted fund5 Restricted fvnds Total fvnds Notes INCOME AND ENDOWMETrtT5 FROM Donations and legacies 22,718 153.946 176.664 268,880 Charitable activities Supporting young people Transport, cafe and sundry inccsme 535.838 535.838 28,476 486,828 39,723 28.476 Investment Income Other income 7,016 1.620 7.016 1,620 2,441 Totsl 567.192 182,422 749.614 797,872 EXPENDITURE ON Charitable activities Staff and volunteer costs Café and sundry expenses Administration Artivity costs Establishment expenses 421689 628 21.026 31484 59,898 136,128 558,817 628 24.534 67,060 92,416 SIO,161 14,116 22,916 43,212 125,671 3,508 34,576 32,518 Total 536.725 206.730 743.455 716,076 NET INCOME/IEXPENDITUREI 30.467 124,3081 6,159 81,796 RECONCILIATION OF FUNDS Total funds brought forward 666.135 8L949 748,084 666,288 TOTAL FUNDS CARRIED FORWARD 696,602 57,641 754.243 748,084 The notes form part of these financial statements Page 21
MELTON LEARNING HUB BALANCE SHEET 31 JULY 2024 2024 Total funds 2023 TDtal funds Unrestricted funds Restritted funds Notes FIXED ASSETS Tangible assets 12 gJ.363 90,363 99,784 CURRENT ASSET5 Debtor5 Cash at bank 13 41,708 S95,2 12,245 103,760 53.953 699,662 50.653 620,528 637,610 I16.5 753,615 671,181 CREDITORS Amounts falling due wlthin one year 14 131,3711 158.3641 189,7351 122,8811 NET CURRENT ASSErs 606.239 57.641 663,880 648,300 TOTAL ASSETS LESS CURRENT LIABILITIES 696.602 57.641 754.243 748,084 NET ASSErs 696,602 57,641 754,243 748,084 FUNDS Unrestricted funds Restricted funds 15 696,602 57,641 666,135 81,949 TOTAL FUNDS 754,243 748,084 The charltable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the yèar ended 31 July 2024. The members have not requi the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance wlth Sectlon 476 of the Companies Act 2006. The trustees acknowledge their responslbllities for ensuring that the charitable company keeps accounting record5 that ¢omply with Se¢tion$ 386 and 387 of the Companies Act 21X)6 and preparlng financlal statements which give a truè and fair view of thè stato of affair5 of the charitable cornpany a5 at the enEI of each financial year and of Its surplus or deficit for each financial year in a¢cordance with the requirements of Sectlon5 394 and 395 and which otherwise comply wilh the requirements of the Companies Act 2006 relating tv financial statements, so far as applicable to the charitable company. Ibl These financial statements have been prepared in accordance with the provisions applicable to charitable companie5 5ubje¢t to the small companies regime. The financial statements were approved by the Board of Trustee5 and authori5ed for issue on were signed on its behalf by.. 8.th.Apr.J 202Sand P M Posnett- Trustee The notes form part of these financial statements Page 22
MEITON LEARNIN6 HUB CASH FLOW STATEMENr FOR THE YEAR ENDED 31 JULY 2024 2024 2023 Notes Cash flow5 from operatinE artlvities Cash generated from operations 83,607 115.589 Net cash provided by operating activityes 83.607 115.589 Cash flows from investing artivities Purtha5e of tangible fixed assets Sale of tangible fixed assets Interest received 115,7391 4,250 7.016 163,5491 2,441 Net cash used In investing attlvities 14,4731 161,1081 Change in cash and cash equlvalents in the reporting period Cash and cash equiwalents at the beginnirg of the reponing period 79,134 54,481 620.528 566,047 Cash and cash Èquivalerbts at the end of the reporting period 699,662 620.528 Th2 riote5 form part ofthese finantial statements Page 23
MELTON LEARNING HUB NOTES TO THE CASH FLOW STATEMENT FOR THEYEAR ENDED 31JULY 2024 RECONCILIATION OF INCOME TO NFf CASH FLOW FROM OPERATING AcriwnES 2024 2023 Net income for the reporting period (as per the Statement of Finandal Activltlesl Adjustmènts for: Depreciation charge5 IProfitlllos5 on disposal of fixed assets Interest received Increase in debtors Increase in creditors 6,159 81.796 22,530 11,6201 17,0161 (3,3001 66,854 26,920 23,214 12,4411 133,7301 19,830 Nèt cash provlded by operatlon5 83,607 115,589 ANALYSIS OF CHANGES IN NET FUNDS At 1.8.23 Cash flow At 31.7.24 Net cash Cash at bank and in hand 620,528 79,134 699,662 620,528 79,134 699,662 Total 620.528 79,134 699,662 The notes form part of these financial statements Page 24
MELTON LEARNING HUB NOTES TO THE FINANCIAL STATEME15 FOR THE YEAR ENDED 31 JULY 2024 ACCOUTrrnNG POUCIES Basis of preparing the financral statements The financial statements of the charttable company, which is a public benefit entty undèr FRS 101 have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charstie5: 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 IFRS 1021 (effective l January 20191.. Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Art 2006. The financial statements havè been prepared under the historical cost convention. The financial statements contsin inforn)ation about Melton Learning Hub as an individual charitsble company. The financial 5tstemÈnts are presentèd in £ Sterfing and are rounded to the nearest pound. Melton Learning Hub is a private limited company. limÉted by guarantee. incorporated in England and Wales. Its restered office is Burton Road, Melton Mowbray, Leice5tershSre. LE13 IDJ The charitsble company is a public benefrt entity as defined by FR5102. The accounts have been prepared on a going concem basis which the trustees consider approprlate Income All income is recognised in the Ststemeftt of Financial Activities once the tharity has entitlement to th? fvnds. it Is probable that the income will be received and the amount can be measUd lIablY. Income from government and other ETants is recogni5ed at fair value when the charity has entitlement after anv performance conditions are met, it is probable that the income will be retèived and the amount can be measured relIab. 11 entltlement is not met then these amounts are deferred. Donated servlces and facilbties Donated professlonal seryices and donated fadlrties arè recoBnlsed as income when the charlty has control over the Item, any conditions a550ciated with the donated item have been met. the receipi of economic benefit from the use by the charlty of the item is pbabIe. and that economic benefrt can be measured reliably. In accord?nce with the Charit(e$ 50RP IFRS 1021, the time of our volunteers Is not conised. Please refer to the trustees, annual report for rnore informatlon about their contrlbution. Exptnditure Liabilities ?re recogni5ed as expendlture as soon as there is a legal or construttive obligation commlttlnB the charty to that eKpendfture, it Is pr¢bable that a transfer of economic benefits will be required In settlement and the amount of the obligation can be measured reliably. EXpendure is accounted for on an aciruals basis and has been classifièd under headings that aEgregate all c05t related to the c8tegory. whe costs cannot be directly attributed to particular headings they have been allocated to attivities on a basis conststent with the use of resource Tangible fixed assets Depreciatlon Is provided at the following annual rates in order to write off each asset over Its estimated useful life. Fixture5 and ffttings Motor vehicles 12.5% reducing balance 25% reduang balance Taxation The ¢harity is exempt from corporatlon tay on tts charitsble actrvities. Fund accounting Unrestricted fund5 can be used In attOrdan with the eharttable objectives at the discretion otthe trustees. Restrirted funds can only be used for particular restrirted purposes within the objeLts of the Charity. Restrictions arlse 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 note5 to the financial ststements. Page 25 continLtèd...
MELTON LEARNING HUB NOTES TO THE FINANCIAL STATEMENTS- continued FOR THEYEAR ENDED 31 IULY 2024 ACCOUNnNG POLICIES-continued Pèn$lon costs and other post-retlrement bÈnefits 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. Debtors and creditors receNable I payable within one year Debtors and creditors with no statÈd interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are COgnised in expenditure. DONATIONS AND LEGACIES 2024 2023 Voluntary income 176,664 268,880 uNRESTRlED RESTRICTED 2U24 TOTAL 2023 TOTAL General 818 Lottery Leicestershire County Council Leic & Rutland Community Fund Rau5ing Trust LGBT David Wilson Foundation Prichard Minlbus Rotary Youth Sycamore Fund 22,719 22,719 11,584 64,617 121,757 83,213 73,519 3,343 10,235 11,632 861 15,000 24,292 64,617 83,213 3,343 1,250 1,522 1,250 1,522 22,719 153,945 176,664 268,880 Included within donations is £l,00012023: £NIL l in respett of donated facilities and seryices. Included wlthln grants receivable above and under charitable activities are the following amounts: Loicestershire County Council £64,50612023: E73,5191 Leicester5hlre & Rutland Community Foundation £3,34312023: £10,2351 Big Lottery £64,29612023.' E121,7571 Which are government grants as definèd by the SORP INVESTMENT INCOME 2024 2023 Deposit accounl interest 7,016 2,441 Page 16 continued...
MELTON LEARNIN6 HUB NOTES TO THE FINANCIAL sfATEMEhTfs- continued FOR THE YEAR ENDED 31 JULY 2024 INCOME FROM CHARrrABLE AcrivmES 2024 2023 Attivty Supportingyoung people InvoicÈd income Tran5POrt, oféand sundry income 535.838 486,828 TrdnSPOrt, Cafe and sundry income 28,476 39,723 564.314 526,551 CHARrrA8LE AcnvmES C0515 Support Costs Isee note 61 Dirett Costs Totsls stsff and volunteer costs Café and sundry expensès Administration Activity costs Estsblishment expenses 558,817 628 10,450 57.876 92,416 558.817 628 24,534 67,060 92,416 14.084 9,184 720.187 23.268 743,455 SUPPORT COSTS Govemance e05ts Management Finance Totats Administration Actwity costs 9,420 9,184 424 4.240 14.084 9.184 18,604 424 4,240 23,268 Included wlthln support costs 15 Insurance, telephone expen5e5, P05t arKI stationery and advertislng costs. NET INCoMEI{EXPENDUREj Net Income/lexpendr(urel15 ststed after char8ing11cdfftngj. 2024 2023 Depreciation- owned assets 5urplus/ldeficttl on disposal of fixed assets 22.530 11,620} 26,920 23,214 INDEPENDEKf EXAMINERS, REMUNERATION 2024 2023 Accounts & Independent examination fees 4.240 3,900 Page 27 CDntinued...
MELTON LEARNINfj HUB NOTES TO THE FINANCIAL STATEMEKfs- continued FOR THEYEAR ENDED 31JULY Z024 TRUSTEES, REMUNERATION AND BENEFITS There were no trustee5' remuneration or other benefrts for the year pnded 31 July 2024 nor for the year ended 31 July 2023. TTUStees' expen5ÈS There wpre no trusrees, expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023. io. STAFF COSTS 2024 2023 Wages and Salaries Social security costs Other pension costs 489,442 37,013 15,458 441,831 34,150 16.299 541.913 492,280 Volunteer costs paid during the year of £16,90412023 £17.881) The average monthly number of employèès during the year was as follows: 2024 17 2023 18 Employees No employees received emolurnents in excess of £60,000. ii. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfivThiES Unre5tritted funds Restricted funds TDtal funds INCOME AND ENDOWMENTS FROM DonatSon5 and legacies 11.584 257,296 268,880 Charitable a¢¢ivities Supporting young people Tran5POrt, café and Sundry Income 486,828 36,231 486,828 39,723 3,492 Investment income 2.4vII 2,441 TDtal 537,084 260.788 797,872 EXPENDITURE ON Charitable artivities Staff and volunteer costs Café and sundry expenses Administration Activity Costs Establishment expen5e5 389.159 114 17,995 31.595 87,099 121,D02 14,D02 4,921 11,617 38,572 510,161 14,116 22,916 43,212 125,671 Total 525,962 190.114 716,076 NET INCOME Transfers between fvnds 11,122 36,360 70.674 136,3601 81,796 Net movement in funds 47,482 34,314 81,796 RECONCILIATION OF FUNDS TDtal fund5 brought forward 618,655 47,633 666,288 Page 28 continued...
MELTON LFARNING HUB NOTES TO THE FINANCIAL STATEMENTS- corrtinued FOR THE YEAR ENDED 31 JULY 2024 ii. COMPARATniES FOR THE 5rATEmETr OF F114ANCIAL AmmES- continued UnrÈ5trirted fvnds Restrttted fund5 Totsl funds TOTAL FUNDS CARRIED FORWARD 666,137 81.947 748,084 TANGIBLE FIXED ASSErs Fixtures and fittings Motor vehicles Totals COST At l August 2023 Addf(ion5 Dlsposals 42,283 4,139 139,081 11,600 113,9991 181.364 15,739 113,9991 At 31 July 2024 46,422 136,682 183,104 DEPRECIATION At l August 2023 Char8e for year Elirninated on disposal 20,413 2.949 61,167 19,581 111,3691 81,580 22,530 111,3691 At 31 July 2024 23.362 69.379 92,741 BOOK VALUE At 31 July 2024 23.060 67,303 90,363 At 31 July 2023 21,870 77.914 99.784 iy. DEBTORS: Amoufvifs FALLING DUE wrrHIN ONE YEAR 2024 2023 Trdde debtors Other debtors Prepayments 37.896 596 15,461 43.024 L428 6,201 53,953 SO,653 Page 29 continued...
MELTON LEARNING HUB NOTES TO THE FINANCIAL ATEMEKfs- continued FOR THEYEAR ENDED 31JULY 2024 14. CREDITORS: Amouwfs FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors social security and other taxes Other creditors Accruals and deferred income 5,413 7,8D7 1.158 75,357 5,516 9,305 1,112 6,948 89,735 22,881 Delerred Income 2024 2023 D*ferred income is included within: Creditor5 due within one year 56.972 3,048 56,972 3,048 The movement in deferred Income during the year was as follows.. Grants received.. Total deferred Income at l Aug[t 2023 Arnounts received in year Amounts credited to statement of financial activsties 3,047 193,390 1139,4651 3,048 227,880 1227,8801 56,972 3,048 Inccme from grants received has been dèferred where time related performance conditions have not been met, 15. MOVEMENT IN FUNDS Net movement in funds At 31.7.24 At 1.8.23 Unrestrirted funds General fund Minibu5 Fund Replacernent vehicle fund 609,921 53,763 2,451 30,467 640,388 53,763 2,451 666,135 30,467 696,602 Restricted funds Big Lotterv Leice5ter5hire County Council Leic5 & Rutland Communlty Foundation Berhardil Dereham Reid Trust MMBC Lottery David Wilson Foundation Rotary Youth Sycamore Fund 32,925 23.102 8,772 9,200 4,215 3,735 122,453) 4,925 {S.4981 10,472 28,027 3,274 9,200 4,215 113 1,250 1,090 13,6221 1,250 1,090 81,949 124,3081 57,641 TOTAL FUNDS 748,084 6.159 754,243 Page 30 continued...
MEITON LEARNING HUB NOTES TO THE FINANCIAL srATEMEfs- continued FOR THE YEAR ENDED 31 JULY 2024 15. MOVEMEKf IN FUNDS- continued Net movement in fitnds. included in the above A as follows: Incoming resources Resources expended Movement in funds Uhrestricted funds General fvnd 567.192 1536,7251 30.467 Resrrirted funds Big Lottery Lelcestershire County Council Leics & Rutland Community Foundation David Wilson Foundation Rotsry Youth Sycamore Fund 64.616 111,691 187,0691 1106,7661 18,8411 13.6221 122,4531 4,925 15.4981 13.6221 1.250 1,090 1,250 1,522 14321 182,422 1206.7301 124,3081 TOTAL FUNDS 749,614 1743,4551 6.159 Comparatives for rnovement in fund5 Net movement In funds Transfers betrjeen fvnds At 31.7.23 At 1.8.22 Unrestricted ftind5 General fund Minlbus Fund Replacement vehicle fund 562,441 53.763 2.451 11.120 36,360 609,921 53,763 2,451 618.65S 11.120 36.360 666.135 Restr5cted funds Big Lottery Leicestershi County Council Leics & Rutland Community Foundation Berhardi/ Dèreham Reid Trust MM8C Lottery David Wilson Foundation B Prichard Minibus 15.352 20.897 2,011 9,200 173 17573 3,088 6,761 32,925 23,102 8,772 9,200 4,215 3.735 18831 4.042 14,920 24.292 111,1851 124,2921 47,633 70,676 136.3601 81,949 TOTAL FUNDS 666,288 81.796 748,084 Page 31 continued...
MELTON LEARNING HUB NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31JULY Z024 15. MOVEMENT IN FUNDS- continued Comparative net movement in Funds, included in the above are as follows: Incoming resource5 Resources expended MovÈment in funds Unrestricted funds General fund 537.084 1525.9641 11,120 Restritted funds Big Lottery Leicestershire County Council LeScs & Rutland Communkty Foundation MMBC Lottery Rausing Trust David Wilsvn FoLrndation LGBT Fundraising B Prichard Minibu5 121.757 77,011 10,235 1104,1841 173.9231 13,4741 4,042 111,6321 1801 18611 17,573 3,088 6,761 4,042 11,632 Is,000 861 24,292 14,920 24,292 260,788 1190,1121 70,676 TOTAL FUNDS 797,872 1716,0761 81,796 Bl8 Lottery Thls 15 funding for OLtr Engage family and YOLrth support workers. The prDject was in its final year in 2023, however wa5 renewed for 4 more years from July 2024. The youth workers support young people and their farnilies through bereavementl separation and behaviour Issues. the projert Is subject ol a separate annual report which Is put on our website each year, Leicestershlre County Councll Supported us through their Shire grant programme. The grant supported the work of the Engage Project by funding running Costs such as fuel and activitie5 Wlth the young people. This is made up of several different restricted fund5 covering the Household fund, Minibus and Grants for the transport scheme, Leic & Rutland Communlty FoundatiDn They give numerous streams of funding. This year the funding was towards the Engage project and in partl¢ular support for oldèr young people who needed further qualifications and support to access employment. Berhardll Dereham Reld Trusl Thi5 is a private donation to Community transport. It is for the purpose of repairing the wheelchair vehicle and funding deod rnlleage. It has not needed to be used 50 far. MMBC Lottery This is from thè community lottery. can be used for any cf the charities aims. David Wllson Foundation Thi5 wa5 to build a constructlon shed and Dutdoor plastering shÈd. fundlng is for constructio>n purposes. The shed was completed within the 2023 year end and expenditure of £11,185 wa5 capitali5ed within fixed assets. A related transfer was made from the David Wilson Foundation Fund to the General fund in 2023 to recogni5e this asset a5 now being availablè for general charitable purposes. B Prlchard Minibus This was from an individual who donated £24,292 in towards a minibus within the 2023 year end. The minibu5 was purchased within the year and capttalised within the fixed assets. A related transfer of £24,292 wa5 made to recognise this asset a5 now being available for general charitable purpose5_ Rotary Youth This is fron the Rotary for u5 to opeTate a youth club. The funding is used for materials, staffing and volunteer rewards. Sycamore Fund Thls was awarded wtihln the year for materials and student rewards. Page 32 ontinued...
MELTON LEARNING HUB NOTES TO THE FINANCIAL $fATEMErs- continued FOR THE YEAR ENDED 31 JULY 1024 RELAYED PARTY DISCLOSURE5 P.M Posnett is a county councillor. Within the Leicestershire County Council fund in 2024 are Shires grants received of £NIL 12023= £4,000) from the county council. P.M Posnett is not involved with the dècision makFng of thesÈ grants. Page 33
MELTON LEARNING HUB DETAILED STATEMENT OF FINANCIAL AcllviTSES FOR THE YEAR ENDED 31 IULY 2024 2024 2023 INCOME AND ENOOWMENTS Donatlons and legaciès Voluntary income 176,664 268,880 Investment Income Deposit accDunt interest 7.016 2,441 Charitable actlvltie5 Invoiced income TranspDrt, café and sundry income 535,838 28,476 486,828 39,723 564,314 526,S51 Other Income Gain on sale of tan8ible fixed assets 1,620 Total Incoming resource5 749,614 797.872 EXPENDITURE Charitable 3rtlvltles Wage5 SocSal 5ecurlty Pensions Rates and water Light and heat Sundrles Cafe expenses Legal and profe55ional fees Accountancy Rent Repalrs and renewals Travel expenses Cleaning Training materSals Exam fees Volunteer expenses Donations paid Fixtures and fittings Motor vehicle5 Loss on Sale of tangible fixed assets 489,442 37,013 15,458 1,364 5.345 2,364 441,831 34,150 16,299 1,262 5,372 13,348 14,116 3,837 4,798 13,010 16,952 21,293 5,595 26,725 7,704 17,881 2,225 8,225 12,964 14.487 27,055 6,934 47,827 7,949 16,904 2,100 2,949 19,582 948 25,972 23,214 720.187 694,307 Support Costs Management In5uran¢e Telephone Postage and Stationery Advertising 9,184 4,421 4,999 8,783 4,043 4,381 500 18,604 17,707 Thi5 page doe5 not form part of the 5tstutory financial staternents Page 34
MELTON LEARNING HUB DETAILED STATEMENT OF RNANCIAL AcnvmES FOR THE YEAR ENDED 31 JULY 2024 2024 2023 Management Finance Bank charges 424 162 Governance costs Independert erdminers, remuneration 4,240 3,900 Totsl resource5 expended 743,455 716.076 Net in¢ome 6.159 81,796 This page does not form part of the statutoryfinancial statsments Page 35