## Portobello Community Forum
## Charity number 1139980
A company limited by guarantee number 05513959
## Annual Report and Financial Statements
for the year ended 30 September 2023
Portobello Community Forum
Annual Report and Financial Statements for the year ended 30 September 2023
|**Contents**|**Page**|
|---|---|
|Trustees' report|2 to 5|
|Examiner's report|6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes to the accounts|9 to 13|
## **Prepared by West Yorkshire Community Accountancy Service CIO**
1
## Portobello Community Forum
## Trustees' report for the year ended 30 September 2023
## **Reference and administrative details of the charity, its trustees and advisors**
The trustees during the financial year and up to and including the date the report was approved were: **Name Dates**
Philippa Lockhart Ruth McCallum David Boulton Wendy Humphrey Sarah Coates Hannah Smith
## **Charity number**
**Charity number** 1139980 **Company number** 05513959
Resigned 8 February 2024 Appointed 2 February 2023 Registered in England and Wales Registered in England and Wales
## **Registered and principal address Bankers**
238 Barnsley Road The Co-operative Bank Sandal PO Box 220 Delf House Wakefield Southway WF2 6EL Skelmersdale WN8 6WT
## **Independent examiner**
E J Beverley FCCA **West Yorkshire Community Accountancy Service CIO** Stringer House 34 Lupton Street Leeds LS10 2QW
## **Structure, governance and management**
The charity is a company limited by guarantee and was formed on 20 July 2005. It is governed by a memorandum and articles of association as amended by special resolution as registered at Companies House 1 December 2010. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £1.
## **Method of recruitment and appointment of trustees**
The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM.
## **Objectives and activities**
## **The charity's objects**
To relieve the needs of the residents of Portobello, Wakefield, who are socially and economically disadvantaged by the provision of assistance, services and facilities in order to improve their conditions of life.
To further or benefit the residents of Portobello, Wakefield and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by association together the said residents and the local authorities, voluntary and other organisations in the common effort to advance education and to provide facilities in the interest of social welfare for recreation, leisure time occupation with the objective of improving the condition of life for the residents.
To further any other charitable purpose or purposes.
2
## Portobello Community Forum
## Trustees' report (continued) for the year ended 30 September 2023
## **The charity's main activities**
PCF provides a small charity on this deprived estate to co-ordinate public sector and voluntary and charitable funds, people and resources, so that the community benefits to the maximum. We manage and facilitate a programme of regular and one off events out of the Portobello Community Centre.
## **Public benefit statement**
In setting our objectives and planning our activities our trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular economic and community development.
For example, the Hampers of Hope project and TLG Make Lunch Holiday Lunch Club have contributed to the relief of poverty.
All the groups which meet regularly at the Community Centre, the Portobello Centenary Garden Party and the Heritage Lottery funded Silk Flags project have provided community development.
## **Achievements and performance**
Portobello Community Centre is a hive of activity for its community and surrounding areas. Sarah Cutts is employed 15 hours per week and Laura Truter 4 hours per week.
During this time period the following groups met at the centre and some create a regular revenue stream:
Sewcial Sewing Club, Junior and Senior Youth Club, Karate, Craft and Photography Group, Merrie City Singers, PCF Drop In, Alcoholics Anonymous, Portobello Toddler Group, Sewcial Knitters and Modellers, Strong Tower Christian Centre and African United Society.
Karate became so popular they had to leave our venue to find a larger one.
Every school holiday we run a TLG Holiday Lunch Club once a week, providing a hot meal and activities for families. This is increasing in its popularity and we are seeing families come back each holiday. In the past year we have served around 250 meals, held a Light Party in October half term and a Christmas Celebration with carols and Father Christmas - giving presents to all the children who attended. Aldi Vouchers were delivered to around 40 families over the Christmas Holidays.
We held our 3rd Portobello Gala in August. Unfortunately it was torrential rain and we had to take the activities into the Community Centre and the Rainbow Cafe. It was a successful day, with lots of stalls run by Portobello Community Groups. We had exotic animals, a face painter, balloon modeller, a henna tattoo artist, a DJ and an open mic and Mr & Mrs Yorkshire hosted the event brilliantly moving between the 2 locations. Hot dogs, cakes and teas and coffees were served by the church and Yasmin, a local caterer - blessing us with her time for free. The residents were very grateful we still went ahead.
This year we have obtained the following funding:
Warm Spaces Funding started in Winter 2022 - this funding has been a huge success and enabled us to run some great Family Activity sessions: including Family Fitness & Food, Family Drama & Storytelling, Creative Fun with the Hepworth and Film Nights. We had 127 people access our Warm Spaces.
Live Well Wakefield Small Grants - four free exercise classes ran and a well being class every week since September 2022. Sharon who ran the classes connected with people with a wide range of needs including dementia, bereavement, depression, social anxiety, diabetes, chronic kidney disease, high blood pressure and overweight and obesity. We saw 63 people access one of the 156 sessions.
Culture Grant - Made in Wakefield Small Grants - Gemma Whelan and Tina Shuker, two Community Artists, delivered a wonderful project called, Sow, Grow & Know. It was a series of Family activities around growing plants and vegetables, growing as an individual and sharing food. Bob Clayden, another community artist, assisted in one session and Grow Wakefield came along too. We worked with 20 people on this project.
3
## Portobello Community Forum
## Trustees' report (continued) for the year ended 30 September 2023
## **Financial review**
The net expenditure for the year was £4,534, including net expenditure of £1,669 on unrestricted funds and net expenditure of £2,865 on restricted funds after transfers.
## **Reserves policy**
The charity's free reserves, excluding fixed assets, at the year end were £16,274.
£1,022 of this amount has been designated by the trustees for specific purposes shown in note 7, leaving £15,252.
The charity has a reserves policy to hold at least 3 months expenses in reserve and not usually more than 6 months in order to enable the smooth running of the charity and to allow for an orderly winding up should the charity have to close.
4
## Portobello Community Forum Trustees' report (continued) for the year ended 30 September 2023
## **Statement of trustees' responsibilities**
The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.
Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:
select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.
Approved by the board of trustees on …………..……...…….
Signed: ………………..…………. (Trustee)
Name: ……………..…..………….
5
## Portobello Community Forum
## Independent examiner's report to the trustees of Portobello Community Forum
I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 30 September 2023, which are set out on pages 7 to 13.
## **Responsibilities and basis of report**
As the charity's trustees of the charitable 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 charitable 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 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2 the accounts do not accord with those records; or
- 3 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
- 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 [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.
Signed: …………………………………… Name: E J Beverley FCCA
Date: …………………….
## **West Yorkshire Community Accountancy Service CIO**
Stringer House 34 Lupton Street Leeds LS10 2QW
6
## Portobello Community Forum
## Statement of Financial Activities
## (including summary income and expenditure account) for the year ended 30 September 2023
|Notes
2023
Unrestricted
funds
£
**Income from:**
Grants and donations
(2)
6,588
Rent income
13,972
Other income
-
Contract
459
**Total income**
21,019
**Expenditure on:**
Building and activities management costs
15,430
Administration costs
1,330
Events and activities
824
Equipment and materials
78
Heat and light
3,604
Telephone and internet
305
Refuse collection and cleaning
554
Caretaking and maintenance
3,194
Insurance
1,862
Depreciation
2,080
Water
246
**Total expenditure**
29,507
**Net income / (expenditure)**
(8,488)
**Transfers between funds**
6,819
**Net movement in funds**
(1,669)
**Fund balances brought forward**
138,663
**Fund balances carried forward**
(3)
136,994|2023
Restricted
funds
£
24,788
-
162
-
24,950
-
780
20,216
-
-
-
-
-
-
-
-
20,996
3,954
(6,819)
(2,865)
12,237
9,372|2023
Total
funds
£
31,376
13,972
162
459
45,969
15,430
2,110
21,040
78
3,604
305
554
3,194
1,862
2,080
246
50,503
(4,534)
-
(4,534)
150,900
146,366|2022
Total
funds
£
28,067
12,287
144
-
40,498
9,483
1,981
26,037
798
1,928
482
556
4,129
1,686
2,080
226
49,386
(8,888)
-
(8,888)
159,788
150,900|
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
7
## Portobello Community Forum
## Balance sheet
|as at 30 September 2023
2023
Unrestricted
£
**Fixed assets**
Tangible assets
(4)
120,720
**Total fixed assets**
120,720
**Current assets**
Cash at bank and in hand
(5)
17,906
**Total current assets**
17,906
**Current liabilities:**
**amounts falling due within one year**
Creditors and accruals
(6)
1,632
**Total current liabilities**
1,632
**Net current assets**
16,274
**Net assets**
136,994
**Funds**
Unrestricted funds
General unrestricted funds
135,972
Designated funds
(7)
1,022
Unrestricted funds
136,994
Restricted funds
-
**Total funds**
136,994|2023
Restricted
£
-
-
9,372
9,372
-
-
9,372
9,372
-
-
-
9,372
9,372|2023
Total
£
120,720
120,720
27,278
27,278
1,632
1,632
25,646
146,366
135,972
1,022
136,994
9,372
146,366|2022
Total
£
122,800
122,800
28,100
28,100
-
-
28,100
150,900
138,663
-
138,663
12,237
150,900|
|---|---|---|---|
For the year ending 30 September 2023 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who are also the directors for the purposes of company law) 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 companies subject to the small companies’ regime and with FRS 102 (effective January 2019).
The financial statements were approved by the board of trustees on …………..……...…….
Signed: ……………...………….…. (Trustee)
Name: ……………..…..………….
8
## Portobello Community Forum
## Notes to the accounts
## for the year ended 30 September 2023
## **1 Accounting policies**
## **Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.
## **Going concern**
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
## **Incoming resources**
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, if it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
## **Grants and donations**
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
## **Expenditure and liabilities**
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
## **Taxation**
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
## **Tangible fixed assets**
Tangible fixed assets costing more than £1,000 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows: Freehold land: nil
Freehold buildings: over 50 years
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
9
## Portobello Community Forum
## Notes to the accounts continued
## for the year ended 30 September 2023
|**2 Grants and donations**
Nova Wakefield District Limited
Transforming Lives
Wakefield District Housing (WDH)
Wakefield Metropolitan District Council (WMDC)
Arts Council England
Asda Foundation
BPI Auctions donation
Other donations
**3 Restricted funds**
Balance b/f
£
Portobello Gala
1,041
Hardship Fund
1,368
Make Lunch/TLG
1,964
Live Well Project
7,159
Arts Council Funding
568
Warm Spaces Funding
-
Acts435
-
Christmas Appeal
-
Prosper Together Fund
-
Culture Grant
-
Make Lunch Family Support
-
Legacy fund
107
Heritage Lottery
30
12,237|2023
Unrestricted
funds
£
-
-
-
-
-
-
-
6,588
6,588
Incoming
£
4,200
186
2,802
-
-
9,289
215
2,758
250
5,000
250
-
-
24,950|2023
Restricted
funds
£
9,289
680
1,488
7,500
-
-
-
5,831
24,788
Outgoing
£
3,750
612
963
4,486
-
4,740
215
2,286
200
3,643
101
-
-
20,996|2023
Total
funds
£
9,289
680
1,488
7,500
-
-
-
12,419
31,376
Transfers
£
(540)
(25)
(443)
(1,872)
-
(3,278)
-
-
(50)
(611)
-
-
-
(6,819)|2022
Total
funds
£
8,000
-
850
1,965
6,629
675
6,000
3,948
28,067
Balance c/f
£
951
917
3,360
801
568
1,271
-
472
-
746
149
107
30
9,372|
|---|---|---|---|---|
## **Fund name**
Portobello Gala
Hardship Fund
Make Lunch/TLG
Live Well Project
Arts Council Funding Warm Spaces Funding
Acts435
Christmas Appeal
Prosper Together Fund
## **Purpose of restriction**
Funding to help with the costs of running Portobello Annual Gala. Transfer relates to moving costs to unrestricted funds for overheads.
To alleviate hardship on the Portobello Estate. Transfer relates to moving costs to unrestricted funds for overheads.
Towards a holiday lunch club and relieving food poverty. Transfer relates to moving costs to unrestricted funds for room rent.
Funding for an exercise and well being project. Transfer relates to moving costs to unrestricted funds for room rent.
Funding for a drama project celebrating the Queens Jubilee.
To provide a warm space with hot drinks and light refreshments. Transfer relates to moving costs to unrestricted funds for overheads, management fees and room hire.
Towards supporting individuals in the community to purchase higher value items like white goods, etc.
Donations to help Portobello families over Christmas with food or utility payments.
Hardship Fund to assist families during the cost of living crisis. Transfer relates to moving costs to unrestricted funds for overheads.
10
## Portobello Community Forum
## Notes to the accounts continued
## for the year ended 30 September 2023
## **3 Restricted funds (continued)**
**Fund name** Culture Grant
Make Lunch Family Support
## **Purpose of restriction**
Deliver a gardening and drama project for families called Sow, Grow and Know. Transfer relates to moving costs to unrestricted funds for overheads and management fees.
To help Make Lunch families with additional help throughout the cost of living crisis
Legacy fund Part of a Legacy given to Sandal Magna church given to further the work of the Job Club.
Heritage Lottery To explore and document the 100 year heritage of Portobello Housing Estate.
|**Tangible assets**
**Cost**
At 1 October 2022
At 30 September 2023
**Depreciation**
At 1 October 2022
Charge for year
At 30 September 2023
**Net book value**
At 30 September 2023
At 30 September 2022|£
104,000
104,000
31,200
2,080
33,280
70,720
72,800
Freehold
Property|£
50,000
50,000
-
-
-
50,000
50,000
Freehold
Land|Total
£
154,000
154,000
31,200
2,080
33,280
120,720
122,800|
|---|---|---|---|
## **4 Tangible assets**
There is a charge registered on the property in favour of Wakefield Council, should the property ever cease to be used as a community centre the funding given to purchase the property is repayable.
|**5 Cash at bank and in hand**
Cash at bank
Cash in hand
**6 Creditors and accruals**
Accruals
Deferred income (see note below for analysis)
**Deferred income**
Nova - Me and menopause|2023
£
27,251
27
27,278
2023
178
1,454
1,632
Deferred to
next year
£
1,454
1,454|2022
£
28,007
93
28,100
2022
-
-
-
Released
from last year
£
-
-|
|---|---|---|
## **Item name Reason for deferral**
Nova - Me and menopause Work carried out in the next year
11
## Portobello Community Forum
## Notes to the accounts continued
## for the year ended 30 September 2023
|**7 Designated funds**
Youth Groups
Fresh Start|Balance b/f
£
99
1,076
1,175|Incoming
£
-
-
-|Outgoing
£
99
54
153|Transfers
£
-
-
-|Balance c/f
£
-
1,022
1,022|
|---|---|---|---|---|---|
|**Fund name**|**Reason**|**for**|**designation**|
|---|---|---|---|
|Youth Groups|Funding|for|Youth Groups.|
|Fresh Start|Funding|for|a ladies support group.|
## **8 Related party transactions**
## **Donations from trustees and related parties**
The total aggregate value of unconditional donations to the charity from the trustees or related parties was £6,186 (2022: £6,000).
## **Trustee expenses**
No trustee received any expenses during this year or the previous year.
## **Trustee remuneration and benefits**
No trustee received any remuneration or benefit during this year.
## **Other transactions with trustees or related parties**
|**Other transactions with trustees or related parties**
Wendy Humphrey
Sarah Coates
Trustee
Caretaking of the
community centre
Trustee
Caretaking of the
community centre
**Name of trustee**
**or related party**
**Relationship to**
**charity**
**Description of transaction**|2023
£
-
86
86|2022
£
40
40
80|
|---|---|---|
12
## Portobello Community Forum
## Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 30 September 2023
|2023
2022
Unrestricted Unrestricted
funds
funds
£
£
**Income**
Grants and donations
6,588
7,142
Rent income
13,972
12,287
Other income
-
144
Contract
459
-
**Total income**
21,019
19,573
**Expenditure**
Building and activities management
15,430
9,483
Administration costs
1,330
805
Events and activities
824
2,537
Equipment and materials
78
798
Heat and light
3,604
1,928
Telephone and internet
305
482
Refuse collection and cleaning
554
556
Caretaking and maintenance
3,194
4,129
Insurance
1,862
1,686
Depreciation
2,080
2,080
Water
246
226
**Total expenditure**
29,507
24,710
**Net (expenditure)**
(8,488)
(5,137)
**Transfers between funds**
6,819
166
**Net movement in funds**
(1,669)
(4,971)
**Fund balances brought forward**
138,663
143,634
**Fund balances carried forward**
136,994
138,663|2023
Restricted
funds
£
24,788
-
162
-
24,950
-
780
20,216
-
-
-
-
-
-
-
-
20,996
3,954
(6,819)
(2,865)
12,237
9,372|2022
Restricted
funds
£
20,925
-
-
-
20,925
-
1,176
23,500
-
-
-
-
-
-
-
-
24,676
(3,751)
(166)
(3,917)
16,154
12,237|2023
Total
funds
£
31,376
13,972
162
459
45,969
15,430
2,110
21,040
78
3,604
305
554
3,194
1,862
2,080
246
50,503
(4,534)
-
(4,534)
150,900
146,366|2022
Total
funds
£
28,067
12,287
144
-
40,498
9,483
1,981
26,037
798
1,928
482
556
4,129
1,686
2,080
226
49,386
(8,888)
-
(8,888)
159,788
150,900|
|---|---|---|---|---|
13