Registered Charity Number 1154893 BARMOOR HUB CIO (A CHARITABLE INCORPORATED ORGANISATION) REPORT AND ACCOUNTS For the year ending 31 March 2024
BARMOOR HUB CIO (A CHARITABLE INCORPORATED ORGANISATION) YEAR ENDED 31 MARCH 2024 TRUSTEES, REPORT As the Board of Trustees, we present our report and financial statements for the year to 31 March 2024. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Number 1154893 Registered Office Barmoor Hub, Main Road, Bar Moor. Ryton NE40 3AG Independent Examiner Mr Pete O'Hara FCA, Chartered AcGounlant, 26 La Sagesse, Jesmond, Newcastle upon Tyne NE2 3AF STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Documents Bamioor Hub CIO was established as a Charitable Incorporated Organisation (CIO) on 5 December 2013. As a CIO it is govemed by its constitution and Articles of Association. Structure and Governancel Board of Trustees The charity currently has a board of eight non-executive Trustees. The Trustees of Barmoor Hub CIO during the year and to the date of signing this report were as follows.. Tamatha Aucott Ania Caink Barry Nevrton Helen Blackhurst Rachel Lawson Kathleen Mccartney Diane Fisher Abbey Wood-Dobby Joanna Jackson Liam Harrison Resigned 18 July 2023 Resigned 31 March 2023 Resigned 21 March 2023 - Appointed 19 September 2023 - Appointed 19 September 2023 - Appointed 27 February 2024 Recruitment and Appointsnent of Board of Trustees In selecting indNiduals for appointment, the Trustees aim to ensure that the Board has the skills, knowledge and eXerien needed for the effecttve administration of the charity and is as diverse as possible. Trustees are elected to the Board based on discussions and recommendations offered by Trustees and outside advisors to the organisation. as well as through a range of advertising channels.
BARMOOR HUB CIO (A CHARITABLE INCORPORATED ORGANISATION) YEAR ENDED 31 MARCH 2024 TRUSTEES, REPORT STRUCTURE, GOVERNANCE AND MANAGEMENT (CONTINUED) Trustee Induction and Training Trustees are provided WFth a range of resources to support their understanding of Barmoor Hub's activities and outlining Trustee duties and responsibilities. OBJECTIVES AND ACTIVITIES Charitsble Purpose, Aims & Objectives Bamioor Hub CIO'S charitable purpose is the provision, development and rna1ntenan of a ntre for the use and benefit of the inhabitants of Ryton and the surrounding area within the West of Gateshead without distinction of sex, political, religious or other opinions, in a common effort to advan education and to provide facilities in the Interests of social welfare, for recreation and leisure-time occupation with the objects of improving the conditions of life for the said people. The charity provides, develops and maintains a ntre for the use and benefit for people living in the Ryton and Crawcrook area within the west of Gateshead. The centre has a programme of activities that include youth provision, arts and crafts, wellbeing sessions and mentoring. Public Benefit The Trustees understand and have discussed the implications of the provisions of the Charities Act 2006, which requires all charrties to be able to demonstrate that they are established for public benefit and have had due regard to the public benefit guidan issued by the Charity Commission. The Trustees believe that the charity meets both of the key principles. Princi le 1- There must be an Klentifiable benefit or benefits The benefits from our work are enshrined in our objectives to support the communty within Ryton and the surrounding areas: Creating employrnent and training opportunities., Improving education and skills leaming opportunities; Improving local environment. Improving health and well-being,. Stimulating growth., Reducing social isolation in our rural community., Facilitating inter-generational communication- Improving the lives and life chances of local people; Provide a safe, inGlusive environment for young people with SEND to thrive. Princi le 2 - Benefit must be to the ublic or a section of the ublic Each element of our work is able to provide beneftl to the public in general.
BARMOOR HUB CIO (A CHARITABLE INCORPORATED ORGANISATION) YEAR ENDED 31 MARCH 2024 TRUSTEES, REPORT OBJECTIVES AND ACTIVITIES (CONTINUED) Reserves Policy The Trustees have reviewed the charty's needs for reserves in line with the guidan issued by the Charity Commission. The Trustees aim to firstly hold a level of unrestricted Reserves which enables the charity to have sufficient financial resources to meet various liabilities which would crystallise rf Barmoor Hub's funding were to be withdrawn andlor it were Unab to continue operating. At present, the Trustees estimate that the Unrestricted Reserves required for such purposes amount to approximately £8,000. If possible, the Trustees then aspire to retain an additional allowance of £5,000 to £10,000 to enable the charity to respond flexibly to issues or appropriate initiatives which might be identrfied outside of its annual budgeting process. The required level of Reserves is therefore in the range of £13,000 to £18,000. Bamioor Hub currently has total Unrestricted Reserves of £39,467 at 31 March 2024. The Trustees have previously agreed to designate various sums to facilitate budgeting but have agreed to release all such funds in 2023124 as they do not truly reflect the Charity Commission's definition of Designed Funds. Free Reserves, defined as Unrestricted Funds minus Designated Funds. minus the value of Tangible Fixed Assets {£2,032) are £37,435, thereby providing a degree of additional contingency. The Trustees regularly review specific liabilities at each Board meeting. The Reserves Policy is re- visited by the Board annually in the light of progress against budget arKJ is updated at the time of drafting the annual accounts. Investsnent Policy The charity has the power under the Memorandum and Articles of Association to make any investment which the Trustees see fit.
BARMOOR HUB CIO (A CHARITABLE INCORPORATED ORGANISATION) YEAR ENDED 31 MARCH 2024 TRUSTEES, REPORT OBJECTIVES AND ACTIVITIES (CONTINUED) Risk Management The Trust*s of the charrty regularly revsew the major govemance, operational and financial risks which the charty faS as part of its annual business planning prOsS and confimi that systems have been established to mrtigate these risks. Barmoor Hub has a risk management strategy in pla that comprises.. an annual review of the strategic risks the charrty may face via the business plan the establishment of systems and procedures to mitigate identrfied nsks the implementation of procedures desKJned to minimise any potential impad on the charity should those risks materialise. The Trustees are satisfEd that appropriate financial systems arKI controls are in pla, together with appropriate employment policies and praCtIS and building-related prosseS and procedures. The Trustees consider the key risk facing the charty at Ihis time and the mitigating actions taken to be as follows: the financial risks arising rf the organisation is unable to attract sufficpnt furKling to supplement the modest eamed in(x>rne the charty is able to generate - to that end the charity maintains strong working relationships with key funders and has a pipeline of applications for funding bKIs The Trustees also manage the general financial risks by ensuring that: prudent budgets are set for each financial year the charity maintains a low cost-base ACHIEVEMENTS AND PERFORMANCE Summary of the Charity's Main Achievements During the Year Barmoor Hub strives to remain an asset in the communty arKI act as a PNOtal hub for health, recreation, social interaction. and general 11-beIng. Thanks to funding from the National Lottery Cornmunty Fund, the SICG (Sustainability, Initiative, Communication, Gr0h) project has made SUnrfnt strides and posittvely impacted our community. This funding has allowed us to employ a Project Co-ordinator, marking the first staff employment in many years. It has also set the stage for furttrEr grovrth and development, bringing hope and optimism for a brighter future. Wrth the introduction of the Project Co-ordinator, we have strategically invested in health and safety, employment law, and accountancy to ensure the ntre,5 sustainable growth. We have also equipped the Project Co-ordinator with essential tools, including a laptop, monitor screen and Rernarkab 2 notepad. to enhan their effectiveness in driving the project forward.
BARMOOR HUB CIO (A CHARITABLE INCORPORATED ORGANISATION) YEAR ENDED 31 MARCH 2024 TRUSTEES. REPORT ACHIEVEMENTS AND PERFORMANCE (CONTINUED Summary of the Charity's Main Achievements During the Year IConL) Improvements have been made in slreamlining our r¢)om hire procedure and establishing a SharePoint system to store all our policies and documents electronically, moving away from a paper-heavy systern. This year, the centre's maintenance has consisted of replacing the leakirYJ sports hall roof and installing new PVC doors to the rear of the building lo prevent heat from leaving the area. To sustain and grow the centre's offer, we have adivety engaged with our current users; we thank them for their continuing support. We have also engaged wrth additional third parties to offer diverse activities. This includes a nursery, a valuable addrtion to the ntre. attracting new families from the area's new housing estates and filling a gap in service that the local council was unable to address in the long term. We have also developed wortshops with social and interest goals, such as parent arKI baby groups, Italian classes and free courses for our group leaders, volunteers, and the WKJer community. By leveraging government funding reSoUrs, we have partnered wrth Gateshead Adult Leaming Skills and Eden Training Academy to provide educational opportunitES for undersep4ed community members, including cooking on a budget, food hygiene and driver theory leaming. An open day was organised to warmly welcome current memtr5 and attract new participants to explore and partake in our activities. We have actively pursued developing and preserving relationships with existing and new volunteers to foster communty involvement. Networking and collaborating with other local community groups has been an invaluable asset to the centre. We have been involved in helping to Co-ordinate a volunteer network in Crawcrook and Ryton. By providing meeting Spa for over 30 different volunteer organisations, we have worked together to develop a comprehensive lthat's on guide for the area. Fundraising has performed eXptiOnallY well this year. The commfftee has witnessed a significant increase in Income, specifically from the book library. Through enhanced presentation efforts and collaboration wrth a neighbouring charty called 'The Men's Shed,, this area has become significantly more appealing to users. Another sucSsful fundraising income Starn has been established in the forni of a FundraisirvJ clothing bank. The Committee have supported implementation of various social projects to maintain the community through drFficuFt economic circumstances, such as providing food boxes to families throughout the year and during Christmas, addressing period poverty, organising workshops related to interests and mental health, and establishirYJ a warm spaces café. We have experienced fluctuations in our commlttee structure with the departure of our Treasurer, Chairperson, and an additional committee member. The posts were filled quickly by actively advertising and engagirKJ With the communty. Financial Review The outturn for the year is an unrestncted surplus of £7.015, leaving Unrestricted Funds at 31 March 2024 of £39,467.
BARMOOR HUB CIO (A CHARITABLE INCORPORATED ORGANISATION) YEAR ENDED 31 MARCH 2024 TRUSTEES, REPORT FUTURE PLANS Moving forward, we have applied for funding to continue the Project Co-ordinator role for three years. The Committee has assisted with preparing documentation for a sucSsful youth provision funding application with NE Youth; the Youth Club will begin in the new financial year. In addition, the project supports 'The Hub Group, (our SEND Youth Group) by providing additional paKI workers from NE Youth and funding for engaging activrties. We are also actively looking at deva5oping our outdoor space to provKle further Spa to extend our offer to the communty.
BARMOOR HUB CIO (A CHARITABLE INCORPORATED ORGANISATION) YEAR ENDED 31 MARCH 2024 TRUSTEES, REPORT STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees are responsible for managing the business of the charity and may exercise all the powers of the charity unless restricted by the Charities Act or the constitution of the charity. The Trustees are responsible for the preparation of the financial statements for each financial year which show a true and fair view of the state of affairs of the charity as at the balan sheet date and of its Incoming resources and application of reSoUrs, including income and expendrture, for the financial year. In preparation of the financial statements the Trustees should follow best practice and.. 1. Select suitable accounting policies and apply them. 2. Make judgements and exercises that are reasonable arKJ prudent. 3. ppare the financial statements on a going cOnM basis unless it is inappropriate to assume that the charrty will continue on that basis. The Trustees are SPonSible for maintaining proper accounting records, which disclose with reasonable accuracy at any time the financial posrtion of the charity. The Trustees are also responsib for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. DECLARATIONS This report has been prepared in accordan with the Staternenl of Recommended Practice: Accounting and Reporting by Charrties (issued in March 2005 by the Charities Commission England and Wales). report was approved by the Board of Trustees on 16 July 2024 and signed on its behalf by.. Rachel Lawson Chair
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS ON THE UNAUDITED ACCOUNTS OF BARMOOR HUB CIO FOR THE YEAR ENDED 31 MARCH 2024 I hereby report to the Trusteeslmembers of Barnoor Hub CIO (Charity Registration Number 1186728) on the accounts for the year ended 31 March 2024 set out on pages 10 to 20. Responsibilities and basis of report As the charity's Trustees (and also its diredors for the purposes of company law), you are responsible for the preparation of the accounts in accordanGe wrth the requirements of the Companies Act 20CE {'the 2006 Act.). Having satisfied myself that the accounts of the charty are not required to be audited under Part 16 of the 2006 Act arKI 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 urKler section 145{5) (b) of 2011 Act. Independent Examiner's Statement I have completed my examination. I confirm that no matters have come to my attention in connection wrth the examination givin9 me cause to believe" accounting records were not kept in resped of the chanty 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 sedion 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 accordan wrth the methods or principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing tPEir accounts in accordan wrth the Financial Reporting Standard applicab in the UK and Republic of Ireland (FRS102)). I have no cOnmS and have come across no other matters in connection wrth the examination to which attention shoukj be drawn in this report in order to enable a proper understanding of the accounts to be reached. Pets O'Hara, FCA, Chartered Accountant Fellow of the Instituts of Chartered Accountsnts in England & Wales 26 La Sagesse, Jesmond, Newcastle upon Tyne NE2 3AF 16 July 2024
BARMOOR HUB CIO (A CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF FINANCIAL ACTIVITIES YEAR TO 31 MARCH 2024 Note Unrestricted Funds Restricted Funds Total 2024 Total 2023 Income Income from Charrtable Activilies 43,686 43,686 42,260 Income frorn Grants. Donations & Legacies 35,989 35,989 32,904 Total Income 43,686 35,989 79,676 75,164 Expenditure Expenditure on Raising Funds 987 987 833 Expenditure on Charitable Activities 35,684 68,784 104,468 40,252 Total Expenditure 36,671 68,784 105,455 41,085 Net Incomel(Expenditure) 7,015 (32,795> (25,780) 34,079 Balance brought forward 32,452 37,379 69,831 35,752 Balance carried forward 13 £39,467 £4,584 £44.051 £69,831 The notes on pages 12 to 20 fOn part of the financial statements. There are no recognised gains and losses during the year other than as shown above All the activities for the year are continuing activities. 10
BARMOOR HUB CIO (A CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF FINANCIAL POSITIONIBALANCE SHEET At 31 MARCH 2024 Notes 2024 2023 Flxed Assets Tangible Fixed Assets 10 2,032 Current Assets Stocks Debtors Cash at Bank and In Hand 12 4,085 41,892 45,977 69,831 69,831 Creditors: Amounts Falling Due Within 1 Year (3,958) Net Current Assets 42,019 69,831 Totsl Net Assets £69 831 Represented By: Unrestricted Funds - General Unrestricted Funds - Designated 14,15 14,15 39,467 20,371 12,081 32,452 39,467 Restricted Funds 14.15 4,584 37,379 £44,051 £69,831 The notes on pages 12 to 20 fomi part of the financial statements. The financial statements were approved by the Board, and authorised for issue, on 16 July 024 and signed on its behalf by: Rachel Lawson Chair
BARMOOR HUB CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS At 31 MARCH 2024 Accountlng Policies Charity Infonnation Bamioor Hub CIO is a Charitable Incorporated Organisation. The registered office is Barmoor Hub, Main Road, Bar Moor, Ryton NE40 3AG. The charity is a public benefit entity. Basis of Accounting These financial staternents have been prepared in accordance with applicable United Kingdom aGGounting standards, including FinanGial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland, ('FRS 102,), and with the Statement of Recommended Practi (Charities SORP FRS 102) 'Accounting and Reporting by Charities" and the Charities Act 2011. The financial statements have been prepared on the historical cost basis, modified to include certain financial instruments 8t fair value. Advantage has been taken of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a statement of cashflows. The financial statements are prepared in sterling, which is the functional currency of the charity. Income All income. including grant income, is included in the Statement of Financial Activitie5 (SOFA), net of VAT, when the charty is legally entitled to it after any performan conditions have been met, the amounts can be measured reliably, and it is probable that income will be reived. Such income is only deferred when the donor or funder has specified that the grant or donation can only be used in future accounting years or where the donor or funder has imposed conditions which must be met before the charity has unconditional entitEement. Turnover is measured at the fair value of the consideration received or re1vable and represents amounts re1vable for services provided in the nonnal course of business, net of discounts, VAT and other sales related taxes. Income from Investments Interest receivable on fixed interest securities and bank deposits is included on an accruals basis. Expenditure All expenditure is aGcounted for on an accruals basis and is recognised when a liability is incurred. Costs of Raising Funds are those costs of seeking potential funders and applying for funding. Charitable activrties include expenditure associated with the provision of grant funding, research, advocacy and the direct provision of creative learning-related activities. This includes both the direct costs and support costs relating to these activities. 12
BARMOOR HUB CIO (A CHARITABLE INCORPORATED ORGANISATION> NOTES TO THE ACCOUNTS At 31 MARCH 2024 Accounting Policies (ConL) Expenditure (Cont) Support or Indirect costs are those costs incurred in support of the charitable objecttves. These have been allocated to the resources expended on a consistent basls that fairty reflects true use of those resources within the organisation, such as allocating staff costs by time spent and other costs by their usage. Govemance costs are those incurred in the governance of the charrty and its assets and are primarily associated with constitutional arKJ statutory requirements. Irrècoverable VAT All reSoUrS expended are classrfied under activity headings thal aggregate all costs related to the category. Irrecoverable VAT is charged against the category of resources experKled for which rt was incurred. Operating Leases The charity classifEs the lease of rtain printiro equipment as operating leases as the trtle to the equipment remains wrth the lessor. Rental charges are charged against income on a strawJht-line basis over the year of lease. Tangible Fixed Assets and Depreciation Depreciation is provKled on the fixed assets at rates calculated to write off the assets over their remaining useful lives as follows: offi & ICT Equipment Fixtures & Fittings over 3 years over 5 years A full year's depreciation charge is applied in the year of ac4uisition and no charge is made in the year of disposal. Impaimient of Fixed Assets At each reporting end date, the charity Vievr3 the carryirYJ amounts of rts tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairrnent loss (rf any). Cash and Cash Equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid investments wrth original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown wrthin borrowings in current liabilities. Fund Accounting The charity has a number of restricted income funds to account for situations in which a lunder requires that a grant must be spent on a particular purpose or where funds have been raised for a specFfic purpose. The aim and use of each restricted fund is set out in Note 13 to the financial statements. All other funds are considered Unrestricted Funds and are available for use at the discretion of the Trustees in furtherance of the general objedtves of the charity. 13
BARMOOR HUB CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS At 31 MARCH 2024 Accounting Policies {ConL) Taxation Barmoor Hub CIO is a registered charity arKI, as such. is not liab to taxation on tts income in the current year. Pensions Barmoor Hub contributes to a defined contribution pension scheme. Further details can be found in Note 8. For ttrE defined contribution scheme, the amount Charged to the Statement of Financial Activities in respect of pension costs is the contributions payab in the year. DIfferenS between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments in the balan sheet. Financial Instruments The charity has elected to appty the provisions of Section 11 '8asic Financial Instruments, arKI Section 12 '0ther Financial Instrument Issues, of FRS102 to all its financial instruments. The charity only has financial assets and liabilities of a kind that qualtfy as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Going Concern The Trustees believe that it is appropriate for the financial statements to be drawn up on a going conrn basis. Income from Charitable Activities Unrestricted Funds Restrictsd Funds 2024 2023 Shop & Catering Income Activrties Income Fundraising Incorne Roorn Hire Income Other Income 3,382 739 2,292 37,203 70 £43,686 3,382 739 2,292 37,203 70 £43,686 2.229 4,715 3,544 31,713 59 £42,260 The 2023 total of £42,260 related wholly to Unrestricted Funds. 14
BARMOOR HUB CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS At 31 MARCH 2024 Income from Grants, Donations & Legacies Unrestrictsd Funds Restricted Funds 2024 2023 Grant Income Cornmunty Foundation Gateshead Council - Crawcrook & Greenside Local Community Fund Gateshead Council - Warm Spaces Hilden Charitable Fund Gateshead Council - Fireworks Fund National Lottery Communty Fund - SICG National Lottery Communty Fund - Hub Group Post COVKJ Confiden Scholefiekl Trust Screwfix Foundation 12,000 51JJ 500 280 2,050 20,000 2.050 20,000 20,000 9.950 9,950 616 2,093 35,489 616 2,093 35,489 32,000 Donations CrowdfundinglDonations 500 500 904 904 500 £3S,989 £35,989 £32,904 Of the 2023 total of £32,904 £904 related to Unrestricted Funds and £32.000 to Restricted Funds. Expenditure on Raising Funds 2024 2023 Shop & Catering Costs Fundraising Events 987 182 651 £833 £987 The 2023 total of £833 related wholly to Unrestricted Funds. 15
BARMOOR HUB CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS AI 31 MARCH 2024 Expenditure on Charitsble Activities Unrestrictsd Funds Restricted Funds 2024 2023 Direct Costs Direct Project Cosls Activity Costs Salaries & On Costs 5,CE3 10,666 26,365 5,063 10.666 26,365 9,272 4,421 Support Costs Cleaning Depreciation Insuran Repairs & Maintenan Utilities Other Overhead Costs 11,035 561 1,657 4,531 8,235 4,514 11,035 661 1.657 31,121 8,235 4,514 9,743 100 1,408 4,959 6,495 3.479 26.590 Governance Costs Accountancy & Payroll HRIHealth & Safety Support 1,798 3,353 1,798 3.353 475 £35,684 £68,784 £104,468 £40,252 Of the 2023 total of £40,252, £35,127 related to Unrestricted Funds and £129,575 to Restricted Funds. 16
BARMOOR HUB CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS At 31 MARCH 2024 Net Incomel(Expenditure) 2024 2023 Net incomel(expenditure) is stated after chargingl{crediting): Independent Examiner - Examination Fees Depreciation of Owned Fixed Assets 900 662 475 Stsff Costs 2024 2023 Gross Salary Costs Employer's National Insuran Employer's Pension Contributions 25,899 466 £26,365 The average monthly number of stsff employed dunng the year was as follows: 2024 No. 2023 No. Operations and Management No employees reiVed rernuneration in eXsS of £60.000 in the year (2023: None). The total paid to key management personnel. defined as the Trustees, was £Nil (2023". £Nil}. No remuneration was paid lo or waived by TrusteeslDirectors in the year (2023: £Nil). No expenses were reimbursed to Trustees (2023: £Nil) in respect of their attendan at meetings of the charity. Pension Scheme Pension benefits are provided Ihrough a Group Personal Pension Scheme, which is a defined contribution scheme. The assets of the scheme are held separately from those of the company in a separately administered fund. In the year to 31 March 2024 Bannoor Hub made an employer's contribution of 3? of pensionab pay, provided that the employee rnakes a minimum contribLrtion of 50k. These amounts are paid over to the scheme on a monthly basis. No contributions were outstanding at 31 March 202412023: £Nil). 17
BARMOOR HUB CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS At 31 MARCH 2024 10. Tangible Fixed Assets IT& Office Equipment Fixtures & Fittings Total Fixed Assets Cost At 1 April 2023 Additions in year Al 31 March 2024 921 921 1.773 1,773 2,694 2.694 Accumulated Depreciation At 1 April 2023 Charge for year At 31 March 2024 307 307 355 355 662 662 Net Book Value At 31 Njarch 2024 £614 £1,418 At 1 Atjril 2023 11. Debtors 2024 2023 Trade Debtors Prepayments 2,965 1.120 £4,085 12. Creditors - Amounts Falling Due Within One Year 2024 2023 Trade Creditor5 Olher Taxes & Social SecuriLy Costs Other Creditors- Grants To Be Refundpd Accruals 1,558 729 220 £3,958 13. Analysis of Net Assets between Funds Unrestricted Restricted Funds Funds 2024 2023 Fixed Assets Deblors Cash at Bank and In Hand Creditors - Due Within 1 Year 2,032 4085 37,308 3.958 £39,467 2.032 4,085 41.892 4,584 69,831 £4,584 £44,051 £69,831
BARMOOR HUB CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS At 31 MARCH 2024 14. Analysis of Charitable Funds Fund at 1 Income for Expenditure Fund at April 2023 Year for Year 31 March 2024 Unrestricted Funds Unrestricted General Fund 20,371 43,686 124,590) 39,467 Designated Funds Junior Youth Club The Hub Publicity Roof Fund Contingency Total Designated Funds 2.?56 1,698 787 1,173 6.167 12,081 12.256) 11,698) (7871 (1,173) 6,167 (12,081) Total Unrestricted Funds 32,452 43,686 (36,671) 39,467 Restricted Funds Community Foundation (Roofj Donations- Fireworks Gateshead Council - Crawcrook & Greenside Local Community Fund Gateshead Council - Fireworks Fund Gateshead Council - Warm Spaces Gateshead Council Covid Grant National Loltery Community Fund - Hub Group Post Covid Confidence National Lottery Community Fund SICG Scholefield TrLJSt ScreivFix Founoation Total Restricted Funds 12,000 (12,0001 {500) {1CXJ} 500 500 400 2,050 280 (2 0501 (2801 16,5531 (8.4751 6,553 9.950 1,475 18,826 20.000 (38,8261 616 2.093 35,989 616 2.093 4,584 37,379 (68,784) Total Funds £69,831 £79,675 £(105,455) £44.051 Name of Restricted Fund Description. Nature & Purpose of the Restricted Fund Community Foundation IROOQ Towards the costs ol roof repairs Donalions- Fireworks Towards the costs of a fireworks display Gateshead Council - Crawcrook & Greenside Local Community Fund Towards the cost of a dishwasher and washing machine Gateshead Council - Fireworks Fund Towards the costs of a fireworks display
BARMOOR HUB CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS At 31 MARCH 2024 14. Analysis of Charitable Funds (Cont.) Name of Restricted Fund Description, Nature & Purpose of the Restricted Fund Gateshead Council - Warm Spaces Towards the costs of a Warm Spaces offer Gateshead Council Covid Grant Towards costs incurred in recovering from the Covid-19 pandemic National Lottery Community Fund - Hub Group Post Covid Confidence Towards the costs of re-establishing the Hub Group post- Covid-19 National Lottery Community Fund - SICG Towards the costs of the SICG (Sustainability, Initiative, Communication, Growlhl project and the employment of a Project Co-ordinalor Scholefield Trust Towards the costs of a Kayaking activity day out for the inclusive group. ScrewFix Foundation Towards Ihe costs of mainlaining, repair and improving community facilities in the garden area. 15. Related Party Transactions Details of Trustees, remuneration and expenses are disclosed in Nole 8. In addition. one tenant of the charity is Little Adventurers Day Nursery, the Cenlre Manager of which, Abbey Wood-Dobby, was appointed as a Trustee of Barmoor Hub CIO from 19 September 2023. In the year to 31 March 2024, £9,216 in rental income and other fees were received frorn the Nursery. All rents for the tenanl were agreed at arm's length and are at the standard market rate, Trustees Rachel Lawson and Joanna Jackson run R&J Evenls, contracted by the charity lo deliver the Annual Firework Display, using funding received by the charily. Truslee Tamatha Aucoti. trading as Flowing Minds. supplies support work to the Barmoor Hub Inclusive Group. All contracts were agreed at arm's length and are al the standard markel rate. There were no other transactions In the year with related parties, such as are required to be disclosed under the Financial Reporting Slandard for Smaller Entities (Effective April 2008). {2023. None) 16. Financial Commitments No material financial commitments have been made in respect of future financial years.