REGISTERED CHARITY NUMBER: 1158364
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
FOR
THE PELHAM CIO
Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE
THE PELHAM CIO
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023
|
Page |
Page |
Page |
Report of the Trustees |
1 |
to |
5 |
Independent Examiner's Report |
|
6 |
|
Statement of Financial Activities |
|
7 |
|
Balance Sheet |
|
8 |
|
Notes to the Financial Statements |
9 |
to |
18 |
Detailed Statement of Financial Activities |
19 |
to |
20 |
THE PELHAM CIO
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2023
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended
31stMarch2023.ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordance with
theFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
TheObjectsofthecharityareinaccordancewithChristianprinciplesandforthepublicbenefit,to further
orbenefittheresidentsofSidley(Bexhill),EastSussexandsuchotherpartsoftheUnitedKingdom as
maybedecidedbythecharitytrustees,withoutdistinctionofsex,sexualorientation,raceorof political,
religious,orotheropinionsbyassociatingtogetherthesaidresidentsandthelocalauthorities, voluntary
andotherorganisationsinacommonefforttoadvanceeducationandtoprovidefacilitiesinthe interests
ofsocialwelfareforrecreationandleisuretimeoccupationwiththeobjectiveofimprovingthe conditions
of life for the residents.
InfurtheranceoftheObjects(butnotlimitedto)thetrusteesshallhavethepowertoestablishor secure
theestablishmentofacommunitycentreandtomaintainormanageorco-operatewithany statutory
authorityinthemaintenanceandmanagementofsuchacentreforactivitiespromotedbythecharity in
furtherance of the Objects.
NothinginthisconstitutionshallauthoriseanapplicationofthepropertyoftheCIOforpurposes which
arenotcharitableinaccordancewithsection7oftheCharitiesandTrusteeInvestment(Scotland) Act
2005 or section 2 of the Charities Act (Northern Ireland) 2008.
Public benefit
Thecharitytrusteescanconfirmthattheyhavefulfilledtheirdutytoconductandguidethecharity to
benefitthepublicusingtheirpowers,inaccordancewiththeObjectsandCharitableAimsoutlinedin the
Constitution.
Page 1
THE PELHAM CIO
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2023
ACHIEVEMENT AND PERFORMANCE
Charitable activities
ThePelhamcontinuedinitsmissiontoprovidepracticalsupportindiversewaysthroughdirect delivery
andeffectivepartnershipworking.Theyearhasbeenatimeofre-establishingroutines,partnerships and
activities as we adjust and respond to post-lockdown challenges and opportunities.
Here is a summary of our impact below:
A. The Coffee Lounge and Community Hub
TheCoffeeLoungeremainedacentralmeetingpointinthecommunitywelcomingpeopleintoThe Pelham
allthroughtheyear.Overthewintermonthsitprovidedavitalwarmspace,complementedby the
provisionofgiftedmealstothoseinneedofthem.Thisspaceistheheartbeatofthecharity,overseen by
staff and run by our dedicated and skilled team of 20 volunteers throughout the year.
Volunteering-Wehaveseenourvolunteersacrosstheorganisationgrowinskillsandconfidence, from
baristastorunningcoaches.MorethenhalfoftheCoffeeLoungeteamareadultswitha physical
disability, learning disability or autism.
CommunityHub-ThePelhamcontinuestoprovideahubforthelocalorganisationstodeliverand share
theiractivitiesandopportunitiesasaCommunityHub.Over50organisationshostedmeetings,events or
sessionsduringtheyearandcontributetoThePelhambeingaone-stop-shopforpracticalsupportin our
community.WeeklycommunityprojectsrunbyThePelhamwere'PelhamGrowz'(previouslyGreen gym),
whichsees8-12adultswithlearningdisabilitiesengageinourgardeningprojectandour 'Crafting
Connections'self-helpcraftgroup.TheTableTennisgroupisthrivingwith15+peopleeachsession, twice
a week.
B. RunningSpace- Championing life, Beating Suicide
RunningSpacesessionscontinuetorunsuccessfullyinBexhill&Oredirectly,aswellasour satellite
franchiseinSittingbourne.Duringtheyear,wealsoranoneofthesessionsfromthelocalprimary school
playground,andequippedwithbuggies,wereabletoreachparentsandcarersinanewway.Oneof the
highlightsoftheyearwasoursecondannualWorldSuicidePreventionDaytoraiseawarenessfor suicide
preventioninourcommunity.Togetherover62walkersandrunnersjoinedtocomplete76lapsand over
304milesaroundSidley.Thiswasatotalofover684,000stepswithlapsgoingouteveryhourfor 24
hours.WeattendedtheNationalSuicidePreventionAllianceConferenceandourannualretreataspart of
theCinnamonNetworkbusinessincubationprogramme.OurProjectAssistantworkedupuntil February
2023,beforetherolewasstoppedtoduefundingissues.ThedeliveryofsafeTALK,asuicide prevention
trainingcontinuedonaregularbasis.17participantscompletedtheHastingsHalfMarathoninMarch this
yearandtogethermanagedtoraiseover£3000throughCrowdfunding,reachinganimpressive 185
online supporters.
C. Youth Work (P84 Youth)
Theweeklyafter-schoolclubcontinuedtoprovideasafespaceforlocalsecondaryschoolaged students,
averaging30attendeeseachweek.Overthecourseoftheyear,wehadover90differentyoung people
comethroughthedoors.Inthesummertheyouthgroupcompletedasponsoredwalktoraisemoney for
asocialenterprisecoffeecompanysupportingvictimsofmodernslavery.ThePelhamyouthworker and
teamcontinuesworkingaspartofaCommunityPastoralgroupwithinthelocalsecondaryschoolon a
Monday lunchtime, alongside churches and other youth support agencies.
D. The Pelham Counselling Service
TheCounsellingServicestrengthenedandgrewovertheyear,with5sessionalcounsellors working
alongsidetheCounsellingServiceLeadand3counsellorsintraining.Over49clientswerereferred over
theyear,aswellover44childrenandyoungpeople,whowereabletobepartofaprojectproviding six
fundedsessions.WereceivedreferralsfromlocalstatutoryandVCSEpartners,aswellas self-referring
client and individuals form within The Pelham community.
E. The Pelham Building Enterprise
ThePelhamBuildingEnterpriseprovided,throughtheCharity'stradingsubsidiary,paid traineeship
placementsto20youngpeopleduringthis12-monthperiod,resultinginover1000paiddays'work. This
wasworkingasthesocialvaluecontractortwonationalhousingdevelopers(BovisHomes& Barratt
Homes), for whom The Pelham acts as their agent overseeing the delivery of their social value.
Page 2
THE PELHAM CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023
F. The Pelham Building Enterprises Ltd
DuetothesuccessfultradingactivitiesofThePelhamBuildingEnterpriseasacommunityproject, a
limitedcompanywasformed.Thecompanyisawhollyownedsubsidiaryofthecharity,sothatall assets
arelockedintobenefitthecommunity.Thecompanyturnoverwas£29,288resultinginan operating
profitof£4,514.50%oftheseprofitswillbedonatedtothecharityinthenextfinancialyear,with the
other 50% being held as retained earnings to invest in the next years' activities.
Wewouldliketothankourgenerousandsupportivefundersfortheirsupportandresourcesfor The
Pelhamtodeliveranimpactonthelivesoflocalpeopleandthecommunity,withthefollowing grants
received during the 2022/23 financial year:
- Local
o Ashburnham Thanksgiving Trust
- Regional
o Chalk Cliff Trust
o Ernest Kleinwort Charitable Trust
o NHS Sussex ICB
o Homity Trust
o Jempsons Foundation
o East Sussex Women of the Year Fund
o Rother District Council
o Southern Housing (was Optivo)
o Sussex Community Foundation
o Kent Community Foundation
- National
o Aviva
o Benefact Trust
o Bernard Sunley
o Biffa Award
o LOCASE
FINANCIAL REVIEW
ItistheaimofthetrusteesandCEOtostrategicallybuildreservestoanadequatelevel,inorder to
sustainthefinancialhealthofthecharity.Futureexpenditurewillbefocusedaroundonthe core
objectivesofThePelhamandprojectswillbeprioritisedbasedontheresourcesandfundingavailable, as
well as the needs of the community.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
ThecharityisgovernedinaccordancewithitsConstitution,dated15thJune2016,andinthelegal and
charityregulationsasaregisteredcharityandaCharitableIncorporatedOrganisation(CIO).The charity
currentlyhas4trusteesaswellasarecognisedofficer,whofulfilstherolesCEO.Overthisfinancial year,
there were six trustees' meetings.
Recruitment and appointment of new trustees
ThepowerofappointingneworadditionalTrusteesisvestedintheTrustees.Priortoappointment, new
trusteeswouldbeintroducedtotheworkingsofthecharity,givenaroledescriptionandadvisedof their
responsibilities.
Page 3
THE PELHAM CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
Duringthecourseofthefinancialyear,thecharityemployed35staffmembers.Thirteenofthe staff
wereworkingonthegeneralinfrastructure,operationsandprojectdeliveryofthecharity,madeup of
the full-time CEO and twelve part-time employees.
AsateamthiscoveredtheCommunityHub,CoffeeLounge,PelhamGrowz,CraftingConnections, P84
Youth, RunningSpace, Building Enterprise, Counselling Service.
TwentyoftheemployeeswerepaidtraineesaspartofThePelhamBuildingEnterprise,withafurther two
employees through the Government's Kickstart Scheme, working on social media and housekeeping.
Inadditiontothisnumber,wecontractedin3sessionalprojectworkersworkinginThePelham Building
Enterprise,PelhamGrowzandCraftingConnections.Wealsohad7sessionalcounsellorsworking within
The Pelham Counselling Service.
Risk management
Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandto ensure
appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1158364
Principal address
The Pelham
Holliers Hill
Bexhill-on-Sea
East Sussex
TN40 2DD
Trustees
Mr Robert Harper
Mrs Anna Cole (resigned 15/10/2022)
Mr Andrew Garlick
Mrs Molly Reuter (resigned 19/7/2022)
Ms Jane Dicker (appointed 19/5/2022)
Mr Jerry Hocking (appointed 17/11/2022)
Treasurer - Mrs Lori Young
CEO - Mr Oliver Jeffs
Neither the treasurer nor the CEO are a trustee of the charity.
Independent Examiner
Mr Richard Appleyard FCA
Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE
Bankers
HSBC, 2 Devonshire Road, Bexhill-on-Sea, East Sussex, TN40 1AT
Page 4
THE PELHAM CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023
Approved by order of the board of trustees on 30th January 2024 and signed on its behalf by:
Mr Robert Harper - Trustee
Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE PELHAM CIO
Independent examiner's report to the trustees of The Pelham CIO
IreporttothecharitytrusteesonmyexaminationoftheaccountsofThePelhamCIO(theTrust)for the
year ended 31st March 2023.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsin accordance
with the requirements of the Charities Act 2011 ('the Act').
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145ofthe Act
andincarryingoutmyexaminationIhavefollowedallapplicableDirectionsgivenbythe Charity
Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalisted body.
IcanconfirmthatIamqualifiedtoundertaketheexaminationbecauseIamamemberoftheInstitute of
Chartered Accountants in England and Wales, which is one of the listed bodies.
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattention 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 Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
Mr Richard Appleyard FCA
Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE
30th January 2024
Page 6
THE PELHAM CIO
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023
Unrestricted
Restricted
funds
funds
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
18,671
2,633
Charitable activities
Charitable activities
42,879
132,687
Projects
-
135,512
Other trading activities
3
29,998
-
Investment income
4
253
-
Total
91,801
270,832
EXPENDITURE ON
Raising funds
5
15,689
2,224
Charitable activities
6
Charitable activities
76,832
101,232
Projects
2,196
273,771
Total
94,717
377,227
NET INCOME/(EXPENDITURE)
(2,916)
(106,395 )
Transfers between funds
17
(808)
808
Net movement in funds
(3,724)
(105,587 )
RECONCILIATION OF FUNDS
Total funds brought forward
653,183
151,864
TOTAL FUNDS CARRIED FORWARD
649,459
46,277 |
2023
Total
funds
£
21,304
175,566
135,512
29,998
253
362,633
17,913
178,064
275,967
471,944
(109,311 )
-
(109,311 )
805,047
695,736 |
2022
Total
funds
£
22,438
103,925
232,570
40,062
11 |
|
|
399,006 |
|
|
33,079
106,638
194,282 |
|
|
333,999 |
|
|
65,007
- |
|
|
65,007
740,040 |
|
|
805,047 |
The notes form part of these financial statements
Page 7
THE PELHAM CIO
BALANCE SHEET 31ST MARCH 2023
Notes
FIXED ASSETS
Tangible assets
11
Investments
12
CURRENT ASSETS
Debtors
13
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one
year
15
NET ASSETS
FUNDS
17
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Unrestricted
funds
£
598,853
10
598,863
48,944
36,725
85,669
(8,071)
77,598
676,461
(27,000 )
649,461 |
Restricted
funds
£
-
-
-
-
46,275
46,275
-
46,275
46,275
-
46,275 |
2023
Total
funds
£
598,853
10
598,863
48,944
83,000
131,944
(8,071)
123,873
722,736
(27,000 )
695,736
649,461
46,275
695,736 |
2022
Total
funds
£
599,279
10
599,289
22,756
184,243
206,999
(1,241)
205,758
805,047
-
805,047
653,183
151,864
805,047 |
|
|
|
|
|
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
30th January 2024 and were signed on its behalf by:
Mr Robert Harper - Trustee
The notes form part of these financial statements
Page 8
THE PELHAM CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance
withtheFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancial statements
havebeenpreparedunderthehistoricalcostconvention,withtheexceptionofinvestments which
are included at market value.
Financial reporting standard 102 - reduced disclosure exemptions
Thecharityhastakenadvantageofthefollowingdisclosureexemptionsinpreparingthese financial
statements,aspermittedbyFRS102'TheFinancialReportingStandardapplicableintheUK and
Republic of Ireland':
the requirements of Section 7 Statement of Cash Flows.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
thefunds,itisprobablethattheincomewillbereceivedandtheamountcanbe measured
reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.
Fixtures and fittings- 10% on reducing balance
No depreciation is provided on the cost of the freehold land and buildings.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular
restricted purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
Pension costs and other post-retirement benefits
Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayableto the
charity'spensionschemearechargedtotheStatementofFinancialActivitiesintheperiod to
which they relate.
continued...
Page 9
THE PELHAM CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023
2.
DONATIONS AND LEGACIES
Donations
Gift aid
3.
OTHER TRADING ACTIVITIES
Coffee lounge
Kickstarter
Building enterprises
4.
INVESTMENT INCOME
Deposit account interest
5.
RAISING FUNDS
Other trading activities
Purchases
Kickstarter costs
Fundraising costs
PBE costs
6.
CHARITABLE ACTIVITIES COSTS
Charitable activities
Projects |
Direct
Costs
£
173,982
275,967
449,949 |
|
2023
£
19,620
1,684
21,304
2023
£
23,418
6,580
-
29,998
2023
£
253
2023
£
15,106
-
2,807
-
17,913
Support
costs (see
note 7)
£
4,082
-
4,082 |
2022
£
19,877
2,561
22,438
2022
£
18,790
5,454
15,818
40,062
2022
£
11
2022
£
12,176
4,121
861
15,921
33,079
Totals
£
178,064
275,967 |
2022
£
19,877
2,561 |
2022
£
19,877
2,561 |
|
|
|
|
|
22,438 |
|
|
|
|
|
|
2022
£
18,790
5,454
15,818 |
|
|
|
|
|
|
40,062 |
|
|
|
|
|
|
2022
£
11
2022
£
12,176
4,121
861
15,921 |
2022
£
11 |
|
|
|
|
|
33,079 |
|
|
|
|
|
454,031 |
|
|
continued...
Page 10
THE PELHAM CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023
7. SUPPORT COSTS
SUPPORT COSTS |
|
Governance
Finance
costs
£
£
Charitable activities
1,128
2,954
Support costs, included in the above, are as follows: |
Totals
£
4,082 |
|
|
Governance costs
Governance costs |
|
|
|
2023 |
2022 |
|
Charitable |
Total |
|
activities |
activities |
|
£ |
£ |
Accountancy and examination fees |
1,560 |
990 |
Legal and professional fees |
1,394 |
- |
|
2,954 |
990 |
8. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31stMarch2023 nor
for the year ended 31st March 2022.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31stMarch2023norforthe year
ended 31st March 2022.
9. STAFF COSTS
Wages and salaries
Social security costs
Other pension costs |
2023
£
235,796
7,871
4,277
247,944 |
2022
£
170,517
5,542
3,217 |
|
|
179,276 |
The average monthly number of employees during the year was as follows:
|
2023 |
2022 |
Average number of employees |
19 |
12 |
No employees received emoluments in excess of £60,000.
continued...
Page 11
THE PELHAM CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023
10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
15,190
Charitable activities
Charitable activities
37,579
Projects
180
Other trading activities
24,244
Investment income
11
Total
77,204
EXPENDITURE ON
Raising funds
17,158
Charitable activities
Charitable activities
52,809
Projects
274
Total
70,241
NET INCOME
6,963
Transfers between funds
240
Net movement in funds
7,203
RECONCILIATION OF FUNDS
Total funds brought forward
645,979
TOTAL FUNDS CARRIED FORWARD
653,182
11.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1st April 2022 and 31st March 2023
595,024
DEPRECIATION
At 1st April 2022
-
Charge for year
-
At 31st March 2023
-
NET BOOK VALUE
At 31st March 2023
595,024
At 31st March 2022
595,024 |
|
Restricted
Total
funds
funds
£
£
7,248
22,438
66,346
103,925
232,390
232,570
15,818
40,062
-
11
321,802
399,006
15,921
33,079
53,829
106,638
194,008
194,282
263,758
333,999
58,044
65,007
(240)
-
57,804
65,007
94,061
740,040
151,865
805,047
Fixtures
and
fittings
Totals
£
£
8,007
603,031
3,752
3,752
426
426
4,178
4,178
3,829
598,853
4,255
599,279 |
Total
funds
£
22,438
103,925
232,570
40,062
11 |
|
|
|
399,006 |
|
|
|
33,079
106,638
194,282 |
|
|
|
333,999 |
|
|
|
65,007
- |
|
|
|
65,007
740,040 |
|
|
|
805,047 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
continued...
Page 12
THE PELHAM CIO
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023
12. FIXED ASSET INVESTMENTS
FIXED ASSET INVESTMENTS |
|
|
Shares in |
|
group |
|
undertakin |
|
£ |
MARKET VALUE |
|
At 1st April 2022 and 31st March 2023 |
10 |
NET BOOK VALUE |
|
At 31st March 2023 |
10 |
At 31st March 2022 |
10 |
The Pelham CIO owns 100% of the share capital of The Pelham Building Enterprises Limited.
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Trade debtors |
48,944 |
19,547 |
|
Other debtors |
- |
1,791 |
|
Tax |
- |
1,418 |
|
|
48,944 |
22,756 |
14. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Trade creditors |
5,061 |
1,231 |
|
Other creditors |
3,010 |
10 |
|
|
8,071 |
1,241 |
15. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
|
|
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Other creditors |
27,000 |
- |
16. |
LOANS |
|
|
|
An analysis of the maturity of loans is given below: |
|
|
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Amounts falling due within one year on demand: |
|
|
|
Other loans |
3,000 |
- |
|
Amounts falling between one and two years: |
|
|
|
Other loans - 1-2 years |
3,000 |
- |
|
Amounts falling due between two and five years: |
|
|
|
Other loans - 2-5 years |
9,000 |
- |
continued...
Page 13
THE PELHAM CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023
16. LOANS - continued
Amounts falling due in more than five years:
Repayable by instalments:
Other loans more 5yrs instal
17.
MOVEMENT IN FUNDS
At 1/4/22
£
Unrestricted funds
General fund
20,975
Designated property fund
599,279
Designated sustainability fund
32,929
653,183
Restricted funds
Special projects
1,372
Staff fund
52,265
RunningSpace
44,543
Pelham Growz
2,320
Basement project
18,260
Crafting Connections
988
Pelham Counselling Service
12,211
Tudor Trust wellbeing
87
GEM Youth Work
7,191
JAG
1,112
PBE trading
9,897
Workshop
1,618
CAP money course
-
151,864
TOTAL FUNDS
805,047 |
Net
movement
in funds
£
(2,741)
(426)
253
(2,914)
-
(24,174 )
(39,045 )
(1,727)
(17,250 )
(2,040)
1,562
(87)
(8,537)
145
(13,132 )
(3,002)
890
(106,397 )
(109,311 ) |
2023
£
15,000
Transfers
between
funds
£
(808)
-
-
(808)
(1,372)
-
-
(593)
-
1,052
-
-
1,346
(1,009)
-
1,384
-
808
- |
2022
£
-
At
31/3/23
£
17,426
598,853
33,182
649,461
-
28,091
5,498
-
1,010
-
13,773
-
-
248
(3,235)
-
890
46,275
695,736 |
|
|
|
|
continued...
Page 14
THE PELHAM CIO
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023
17. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Designated property fund
Designated sustainability fund
Restricted funds
Staff fund
RunningSpace
Pelham Growz
Basement project
Crafting Connections
Pelham Counselling Service
Tudor Trust wellbeing
GEM Youth Work
JAG
PBE trading
Workshop
CAP money course
TOTAL FUNDS |
Incoming
resources
£
91,548
-
253
91,801
67,999
10,303
1,645
64,287
1,152
23,630
-
-
145
100,781
-
890
270,832
362,633 |
Resources
expended
£
(94,289 )
(426)
-
(94,715 )
(92,173 )
(49,348 )
(3,372)
(81,537 )
(3,192)
(22,068 )
(87)
(8,537)
-
(113,913 )
(3,002)
-
(377,229 )
(471,944 ) |
Movement
in funds
£
(2,741)
(426)
253
(2,914)
(24,174 )
(39,045 )
(1,727)
(17,250 )
(2,040)
1,562
(87)
(8,537)
145
(13,132 )
(3,002)
890
(106,397 )
(109,311 ) |
|
|
|
|
continued...
Page 15
THE PELHAM CIO
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023
17. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
General fund
Designated property fund
Designated sustainability fund
Designated staff fund
Restricted funds
Special projects
Staff fund
RunningSpace
Pelham Growz
Basement project
Crafting Connections
Heat&Eat Bexhill
Pelham Counselling Service
Tudor Trust wellbeing
GEM Youth Work
JAG
PBE trading
Workshop
Building Enterprises
TOTAL FUNDS |
At 1/4/21
£
19,548
599,513
26,918
-
645,979
29,563
64,498
-
-
-
-
-
-
-
-
-
-
-
-
94,061
740,040 |
Net
movement
in funds
£
16,427
(474)
11
(9,000)
6,964
(1,831)
(5,983)
28,245
(942)
18,500
(1,694)
(2,483)
12,211
(1,913)
3,416
(22)
9,897
1,618
(976)
58,043
65,007 |
Transfers
between
funds
£
(15,000)
240
6,000
9,000
240
(26,360)
(6,250)
16,298
3,262
(240)
2,682
2,483
-
2,000
3,775
1,134
-
-
976
(240)
- |
At
31/3/22
£
20,975
599,279
32,929
- |
|
|
|
|
653,183
1,372
52,265
44,543
2,320
18,260
988
-
12,211
87
7,191
1,112
9,897
1,618
- |
|
|
|
|
151,864 |
|
|
|
|
805,047 |
continued...
Page 16
THE PELHAM CIO
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023
17. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Designated property fund
Designated sustainability fund
Designated staff fund
Restricted funds
Special projects
Staff fund
RunningSpace
Pelham Growz
Rye food bank
Basement project
Crafting Connections
Heat&Eat Bexhill
Pelham Counselling Service
Tudor Trust wellbeing
Family wellbeing fund
GEM Youth Work
JAG
PBE trading
Workshop
Building Enterprises
TOTAL FUNDS |
Incoming
resources
£
77,194
(1)
11
-
77,204
1,263
85,346
62,281
3,261
26,583
18,500
330
-
20,252
-
5,986
10,000
2,000
25,818
8,004
52,178
321,802
399,006 |
Resources
expended
£
(60,767)
(473)
-
(9,000)
(70,240)
(3,094)
(91,329)
(34,036)
(4,203)
(26,583)
-
(2,024)
(2,483)
(8,041)
(1,913)
(5,986)
(6,584)
(2,022)
(15,921)
(6,386)
(53,154)
(263,759)
(333,999) |
Movement
in funds
£
16,427
(474)
11
(9,000)
6,964
(1,831)
(5,983)
28,245
(942)
-
18,500
(1,694)
(2,483)
12,211
(1,913)
-
3,416
(22)
9,897
1,618
(976)
58,043
65,007 |
|
|
|
|
Designated funds
PropertyFund:Thisfundrepresentsthewrittendownvalueofthecharity'sfixedassetsat the
year end.
Sustainability Fund: This fund earmarks funds for the sustainability of the charity.
Stafffund:Thisfundrepresentsatransferfromthegeneralfundfromprioryear surpluses
towards the salaries paid by the charity.
Restricted funds
Special projects: This fund is for donations received for various projects of low value.
Staff fund: This fund contains grants specifically towards staff costs of the charity.
RunningSpace,PelhamGrowz,CraftingConnections,Heat&EatBexhill,PelhamCounselling Service,
TudorTrustwellbeing,Familywellbeingfund,GEMYouthWork,JAG,PBETrading,CAP Money
Course,WorkshopandBuildingEnterprises;thesefundsrepresentspecificprojectscarriedout by
thecharitytowardswhichspecificgrants,donationsandothersourcesoffundingarereceived for
each specific project.
Basementproject:Fundshavebeenreceivedtowardsthecostofcarryingoutimprovements to
make use of the basement in the charity's property.
continued...
Page 17
THE PELHAM CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023
17. MOVEMENT IN FUNDS - continued
Transfers between funds
Atransferwasmadeof£593.44fromtherestrictedpelhamgrowzprojectfundtothe crafting
connections project fund as the pelham growz project had closed.
Atransferwasmadeof£1,371.79fromtherestrictedspecialprojectsfundtothe workshop
project fund.
Transfersof£458.26and£12.07weremadefromthegeneralfundtocraftingconnections and
workshopprojectrespectively.Therewasalsoatransferof£338.13adefromthegeneralfund to
youth fund (JAG).
Priorto2021/22,withtheexceptionofthestafffund,allotherrestrictedfundswere grouped
togetherasa"specialprojectfund".At1April2021transfersweremadeoutofthisfundto each
individual restricted fund in order to show each fund on the face of the accounts.
18. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st March 2023.
Page 18
THE PELHAM CIO
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Other trading activities
Coffee lounge
Kickstarter
Building enterprises
Investment income
Deposit account interest
Charitable activities
Room hire
Management fees
Grants
Car parking
Projects
Other
Total incoming resources
EXPENDITURE
Other trading activities
Goods for resale
Kickstarter costs
Fundraising costs
PBE costs
Charitable activities
Wages
Social security
Pensions
Project costs
Insurance
Light, heat and rates
Coffee lounge and kitchen repairs
Cleaning and waste management
Repairs and maintenance
Carried forward |
2023
£
19,620
1,684
21,304
23,418
6,580
-
29,998
253
39,081
1,477
131,787
2,895
135,368
470
311,078
362,633
15,106
-
2,807
-
17,913
235,796
7,871
4,277
68,515
3,342
8,371
1,191
2,668
90,029
422,060 |
2022
£
19,877
2,561 |
|
|
22,438
18,790
5,454
15,818 |
|
|
40,062
11
21,629
500
234,598
2,505
76,359
904 |
|
|
336,495 |
|
|
399,006
12,176
4,121
861
15,921 |
|
|
33,079
170,517
5,542
3,217
87,631
3,256
4,916
1,037
3,371
5,391
284,878 |
This page does not form part of the statutory financial statements
Page 19
THE PELHAM CIO
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023
|
2023 |
2022 |
|
£ |
£ |
Charitable activities |
|
|
Brought forward |
422,060 |
284,878 |
Training and wellbeing |
4,651 |
1,382 |
Office costs |
6,238 |
4,339 |
Travel |
2,622 |
1,380 |
Equipment repairs |
2,668 |
1,704 |
Bookkeeping |
8,848 |
4,768 |
Miscellaneous expenses |
2,436 |
841 |
Bank charges |
- |
165 |
Fixtures and fittings |
426 |
473 |
|
449,949 |
299,930 |
Support costs |
|
|
Finance |
|
|
Finance charges |
1,128 |
- |
Governance costs |
|
|
Accountancy and examination fees |
1,560 |
990 |
Legal and professional fees |
1,394 |
- |
|
2,954 |
990 |
Total resources expended |
471,944 |
333,999 |
Net (expenditure)/income |
(109,311 ) |
65,007 |
This page does not form part of the statutory financial statements
Page 20