REGISTERED CHARITY NUMBER: 1158364
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
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 2024
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Report of the Trustees |
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to |
5 |
Independent Examiner's Report |
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6 |
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Statement of Financial Activities |
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7 |
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Balance Sheet |
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8 |
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Notes to the Financial Statements |
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to |
18 |
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024
THE PELHAM CIO
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended
31stMarch2024.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.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
ThePelham'svisionistoenrichlivesinrealanddiversewaysandoverthelastyearwehavecontinued to
providepracticalsupportindynamicwaysthroughdirectdeliveryandeffectivepartnershipworking. The
yearhasbeenparticularlychallenginginthemidstofacost-of-livingcrisisforhouseholdsandalso for
charitableorganisations,increasingthedemandonservicesandprojectswithdiminishingresources to
deliverthem.Therefore,forThePelham,itledustofocusonourcoreactivitieswiththeneed to
consolidatebyreducingsomeoftheprojectsandstaffteamandmakesomedifficultdecisionsto sustain
thecharityforthelongterm.Itwaschallengingbutitwasalsoeffective,sothefinalpartoftheyear saw
the benefit of these changes, securing a steady foundation for the next financial year.
InMarchwewereinvitedtoattendTheHighSheriffofEastSussex'sAwardsandhadthehonour of
receiving an award "in recognition of great and valuable services to the community".
Here is a summary of our impact below:
A. The Coffee Lounge and Community Hub
WehavebeensuccessfulinkeepingthedoorsofThePelhamopenthroughoutallthechallengeswe faced,
eventhoughwehavehadtomakeafeworganisationalandprojectchanges.Moreover,wehave grown
ourpartnerships,sustainedalmostallourregulars,andhavebuiltnewconnectionstoo.Wenow have
over 60 partnerships using The Pelham as a base.
Page 1
THE PELHAM CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024
OurdedicatedvolunteerteamareattheheartofThePelham,andtheteamof25volunteershave served
faithfullyforanotheryear.Wehaveadiverseteamthatreflectsourcommunity,andtheymake the
charityfunctionaswellasitdoes.TheCoffeeLoungeisthefrontroomofThePelhamandcontinued to
servethispurposethroughalltheseasons.Duringtheyear,wesupported8volunteersinto paid
employment outside of The Pelham through employability training in the Coffee Lounge.
ForthewiderCommunityHub,wearenowontoourlastphaseofcapitaldevelopmentandhave secured
capitalfundingtoredevelopthetopfloorinthenextfinancialyear.Thiswillhousethecounselling service,
three hireable wellbeing rooms, a new office and a large store room.
B. RunningSpace- Championing life, Beating Suicide
ForRunningSpace,oursuicidepreventionproject,ourvisionremainstochampionlifeandbeat suicide.
WecontinuedtorunsessionsinBexhill,Ore(Hastings)andSittingbourne(EastKent),withover 170
runners engaging.
WehavedeliveredfoursafeTALKsuicidepreventiontrainingsessionsto50people,includingto GP
surgery front line staff, local residents and community partners.
OnSeptember10th,wehostedourthirdannual24hourWorldSuicidePreventionDayrunwithover 70
runners and walkers combining to raise awareness and support those impacted by suicide.
RunningSpacecontinuestogrowandinFebruary2024newRunningSpacesessionslaunchedin Pebsham
(Bexhill) and Ashburnham.
C. Youth Work (P84 Youth)
TheP84Youthgroupcontinuedtogrowinstrength,withovereightyyoungpeoplewhohavejoinedin our
activitiesoverthelastyearwithonaverage30attendingeachweek.Ourworkwithinthelocal secondary
schoolhasalsocontinued,partneringwiththeschool'spastoralcareteamonaMondaylunchtime and
providing a consistent presence in the school.
D. The Pelham Counselling Service
FollowingasuccessfulyearwithourCounsellingService,wecurrentlyhave9counsellorsand50 active
clients,includingthosefromaged11upwards.Thisyearhasseenthelaunchofgroupworksessionsin an
attempttoprovideanevenmoreaccessibleserviceforlocalpeopleinourcommunity.Weworked with
localpartnerstodelivercounsellingforemployeestooandexpandedourremoteofferto include
telephone, video call or walking sessions.
E. The Pelham Building Enterprise
ThePelhamBuildingEnterprisetraineeprogramendedafteratwo-yearproject,havingsupported 21
previously unemployed young people into work, providing 1200 paid days work in total.
F. The Pelham Building Enterprises Ltd
Thetradingsubsidiaryofthecharitywassuccessfulincompletingarangeofworkinthe community,
includingthefirstservicecontracttomanagesomeallotmentsforthetowncouncil.Indoingso we
createdlocaljobsandwereabletodonate£2,256.50ofprofitbacktothecharity,whichisthestart of
developing a new long term self-funding avenue.
Supporters, funders and local partners
Wewouldliketothankourgenerousandsupportiveindividualdonorsandfundersfortheirsupport and
resourcesforThePelhamtodeliveranimpactonthelivesoflocalpeopleandthecommunity,with the
following grants received during the 2023/24 financial year:
-- Local
o Ashburnham Thanksgiving Trust
Page 2
THE PELHAM CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024
o Rotary Club of Senlac
o Rotary Club of Bexhill
o Bexhill Lions
o Heart of Sidley
o De La Warr Pavilion
- Regional
o Ernest Kleinwort Charitable Trust
o Goodnews Evangelical Mission (GEM)
o Homity Trust
o Making it Happen - ESCC, SCDA, RVA
o NHS Sussex ICB
o Rother District Council
o Rother Community Safety Partnership - Joint Action Group
o Southern Housing
o Southover Manor Trust
o Sussex Community Foundation
o Sussex Police
- National
o Bernard Sunley
o Biffa Award
o Let Yourself Trust
o LOCASE
o The National Lottery Community Fund - Reaching Communities
o The National Lottery - Community Organisations Cost of Living Fund
FINANCIAL REVIEW
Totalincomefortheyearwas£361,496(2023:£362,633),andtotalexpenditurefortheyear was
£411,119 (2023: £471,944). This result in a net deficit for the year of £49,623 (2023: deficit £109,311).
Itisthepolicyofthecharitytomaintainreservesequaltobetween3and6monthsexpenditure. This
amount has been designated and forms the Sustainability fund.
Asattheyearendtotalreservesamountedto£646,113(2023:£695,736).Ofwhich£47,360 (2023:
£46,275)relatedtorestrictedfunds,and£566,707(2023:£598,853)hadbeendesignatedwhich includes
thepropertyfund.Thefreereservesofthecharityattheyearendamountedto£32,046 (2023:
£50,608).
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.
Page 3
THE PELHAM CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
ThepowerofappointingneworadditionalTrusteesisvestedintheTrustees.Priortoappointment, new
trusteeswouldbeintroducedtotheworkingsofthecharity,givenaroledescriptionandadvisedof their
responsibilities.
Organisational structure
Duringthecourseofthefinancialyear,thecharityemployed21staffmembers.Sixteenofthestaff were
workingonthegeneralinfrastructure,operationsandprojectdeliveryofthecharity,madeupof the
full-timeCEOandallotheremployeesworkingparttime.AsateamthiscoveredtheCommunity Hub,
CoffeeLounge,P84Youth,RunningSpace,BuildingEnterprise,CounsellingService.Fiveofthe employees
were paid trainees as part of The Pelham Building Enterprise on fixed term contracts.
Inadditiontothisnumber,wecontractedin3sessionalprojectworkersworkingonThePelham Building
Enterprise,PelhamGrowzandCraftingConnections.Duringthecourseoftheyearall3ofthese projects
concluded,aswellastheteamcontractedtodeliverthem.Wealsohad8sessionalcounsellors working
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
Mr Andrew Garlick
Ms Jane Dicker (resigned 9/5/2024)
Mr Jeremy Hocking
Mrs Lynette John-Roberts (appointed 16/1/2024)
CEO - Mr Oliver Jeffs
The CEO is not 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
Page 4
THE PELHAM CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Bankers
HSBC , 4 Robertson Street, East Sussex, TN34 1HW
Approved by order of the board of trustees on 28th November 2024 and signed on its behalf by:
Mr Jeremy Hocking - 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 2024.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsin accordance
with the requirements of the Charities Act 2011 ('the Act').
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheAct and
incarryingoutmyexaminationIhavefollowedallapplicableDirectionsgivenbytheCharity 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
29th November 2024
Page 6
THE PELHAM CIO
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
21,679
Charitable activities
Charitable activities
68,306
Projects
-
Other trading activities
3
-
Investment income
4
627
Total
90,612
EXPENDITURE ON
Raising funds
5
1,695
Charitable activities
6
Charitable activities
120,157
Projects
-
Total
121,852
NET INCOME/(EXPENDITURE)
(31,240)
Transfers between funds
17
(19,467)
Net movement in funds
(50,707)
RECONCILIATION OF FUNDS
Total funds brought forward
649,461
TOTAL FUNDS CARRIED FORWARD
598,754 |
Restricted
funds
£
2,131
93,242
175,511
-
-
270,884
2,471
81,913
204,883
289,267
(18,383)
19,467
1,084
46,275
47,359 |
2024
Total
funds
£
23,810
161,548
175,511
-
627
361,496
4,166
202,070
204,883
411,119
(49,623)
-
(49,623)
695,736
646,113 |
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 |
|
|
|
|
The notes form part of these financial statements
Page 7
THE PELHAM CIO
BALANCE SHEET 31ST MARCH 2024
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
£
598,470
10
598,480
24,817
14,068
38,885
(38,612)
273
598,753
-
598,753 |
Restricted
funds
£
-
-
-
-
47,360
47,360
-
47,360
47,360
-
47,360 |
2024
Total
funds
£
598,470
10
598,480
24,817
61,428
86,245
(38,612)
47,633
646,113
-
646,113
598,753
47,360
646,113 |
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 |
|
|
|
|
|
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
28th November 2024 and were signed on its behalf by:
Mr Jeremy Hocking - 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 2024
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
Thecharityhastakenadvantageofthefollowingdisclosureexemptioninpreparingthese financial
statements,aspermittedbyFRS102'TheFinancialReportingStandardapplicableintheUK and
Republic of Ireland':
the requirements of Section 7 Statement of Cash Flows.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey 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.
continued...
Page 9
THE PELHAM CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024
1. ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothe charity's
pensionschemearechargedtotheStatementofFinancialActivitiesintheperiodtowhich they
relate.
2. DONATIONS AND LEGACIES
Donations
Gift aid
3.
OTHER TRADING ACTIVITIES
Coffee lounge
Kickstarter
4.
INVESTMENT INCOME
Deposit account interest
5.
RAISING FUNDS
Other trading activities
Purchases
Bad debts
Fundraising costs |
2024
£
19,793
4,017
23,810
2024
£
-
-
-
2024
£
627
2024
£
-
1,157
3,009
4,166 |
2023
£
19,620
1,684 |
2023
£
19,620
1,684 |
|
|
21,304 |
|
|
|
2023
£
23,418
6,580 |
|
|
|
29,998 |
|
|
|
2023
£
253
2023
£
15,106
-
2,807 |
2023
£
253 |
|
|
17,913 |
|
continued...
Page 10
THE PELHAM CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024
6. CHARITABLE ACTIVITIES COSTS
6. |
CHARITABLE ACTIVITIES COSTS |
|
|
|
|
|
|
Support |
|
|
|
Direct |
costs (see |
|
|
|
Costs |
note 7) |
Totals |
|
|
£ |
£ |
£ |
|
Charitable activities |
196,849 |
5,221 |
202,070 |
|
Projects |
204,762 |
121 |
204,883 |
|
|
401,611 |
5,342 |
406,953 |
7. |
SUPPORT COSTS |
|
|
|
|
|
|
Governance |
|
|
|
Finance |
costs |
Totals |
|
|
£ |
£ |
£ |
|
Charitable activities |
1,647 |
3,574 |
5,221 |
|
Projects |
121 |
- |
121 |
|
|
1,768 |
3,574 |
5,342 |
|
Support costs, included in the above, are as follows: |
|
|
|
|
Governance costs |
|
|
|
|
|
|
2024 |
2023 |
|
|
|
Charitable |
Total |
|
|
|
activities |
activities |
|
|
|
£ |
£ |
|
Accountancy and examination fees |
|
3,476 |
1,560 |
|
Legal and professional fees |
|
98 |
1,394 |
|
|
|
3,574 |
2,954 |
8. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31stMarch2024nor for
the year ended 31st March 2023.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31stMarch2024norfortheyear ended
31st March 2023.
continued...
Page 11
THE PELHAM CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024
9. STAFF COSTS
|
|
2024 |
2023 |
|
|
£ |
£ |
Wages and salaries |
191,232 |
|
235,796 |
Social security costs |
|
6,858 |
7,871 |
Other pension costs |
|
4,027 |
4,277 |
|
202,117 |
|
247,944 |
The average monthly number of employees during the year was as follows: |
|
|
|
|
|
2024 |
2023 |
Average number of employees |
|
14 |
19 |
No employees received emoluments in excess of £60,000.
Total amounts paid to Key Management Personnel during the year were £48,696 (2023: £46,176).
During the year £1,425 (2023: £nil) was paid in respect to termination payments.
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
18,671
Charitable activities
Charitable activities
42,879
Projects
-
Other trading activities
29,998
Investment income
253
Total
91,801
EXPENDITURE ON
Raising funds
15,689
Charitable activities
Charitable activities
76,832
Projects
2,196
Total
94,717
NET INCOME/(EXPENDITURE)
(2,916)
Transfers between funds
(808)
Net movement in funds
(3,724) |
Restricted
funds
£
2,633
132,687
135,512
-
-
270,832
2,224
101,232
273,771
377,227
(106,395)
808
(105,587) |
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) |
|
|
|
continued...
Page 12
THE PELHAM CIO
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024
10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -
Unrestricted
funds
£
RECONCILIATION OF FUNDS
Total funds brought forward
653,183
TOTAL FUNDS CARRIED FORWARD
649,459
11.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1st April 2023 and 31st March 2024
595,024
DEPRECIATION
At 1st April 2023
-
Charge for year
-
At 31st March 2024
-
NET BOOK VALUE
At 31st March 2024
595,024
At 31st March 2023
595,024
12.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1st April 2023 and 31st March 2024
NET BOOK VALUE
At 31st March 2024
At 31st March 2023 |
continued
Restricted
Total
funds
funds
£
£
151,864
805,047
46,277
695,736
Fixtures
and
fittings
Totals
£
£
8,007
603,031
4,178
4,178
383
383
4,561
4,561
3,446
598,470
3,829
598,853
Shares in
group
undertakings
£
10
10
10 |
|
|
|
|
|
|
|
|
|
|
The Pelham CIO owns 100% of the share capital of The Pelham Building Enterprises Limited.
continued...
Page 13
THE PELHAM CIO
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
Trade debtors
23,539
Other debtors
1,278
24,817
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
Trade creditors
5,061
Other creditors
33,551
38,612
15.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
£
Other creditors
-
16.
LOANS
An analysis of the maturity of loans is given below:
2024
£
Amounts falling due within one year on demand:
Other loans
31,763
Amounts falling between one and two years:
Other loans - 1-2 years
-
Amounts falling due between two and five years:
Other loans - 2-5 years
-
Amounts falling due in more than five years:
Repayable by instalments:
Other loans more 5yrs instal
- |
2023
£
48,944
- |
|
48,944 |
|
2023
£
5,061
3,010 |
|
8,071 |
|
2023
£
27,000 |
|
2023
£
3,000 |
|
3,000 |
|
9,000 |
|
15,000 |
continued...
Page 14
THE PELHAM CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024
17. MOVEMENT IN FUNDS
Net
movement
At 1/4/23
in funds
£
£
Unrestricted funds
General fund
17,426
277
Designated property fund
598,853
(383)
Designated sustainability fund
33,182
628
Designated basement project
-
(31,763)
649,461
(31,241)
Restricted funds
Staff fund
28,091
(14,290)
RunningSpace
5,498
10,096
Basement project
1,010
(15,967)
Pelham Counselling Service
13,773
(3,988)
Youth
248
8,142
PBE trading
(3,235)
(2,375)
CAP money course
890
-
46,275
(18,382)
TOTAL FUNDS
695,736
(49,623)
Net movement in funds, included in the above are as follows: |
Transfers
between
funds
£
(13,857)
-
(5,610)
-
(19,467)
5,000
(6,100)
14,957
-
-
5,610
-
19,467
- |
At
31/3/24
£
3,846
598,470
28,200
(31,763)
598,753
18,801
9,494
-
9,785
8,390
-
890
47,360
646,113 |
|
|
|
Unrestricted funds
General fund
Designated property fund
Designated sustainability fund
Designated basement project
Restricted funds
Special projects
Staff fund
RunningSpace
Basement project
Pelham Counselling Service
Youth
PBE trading
TOTAL FUNDS |
Incoming
resources
£
89,983
-
628
-
90,611
22,655
69,578
46,274
56,596
33,204
18,323
24,255
270,885
361,496 |
Resources
expended
£
(89,706)
(383)
-
(31,763)
(121,852)
(22,655)
(83,868)
(36,178)
(72,563)
(37,192)
(10,181)
(26,630)
(289,267)
(411,119) |
Movement
in funds
£
277
(383)
628
(31,763)
(31,241)
-
(14,290)
10,096
(15,967)
(3,988)
8,142
(2,375)
(18,382)
(49,623) |
|
|
|
|
continued...
Page 15
THE PELHAM CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024
17. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
General fund
Designated property fund
Designated sustainability fund
Restricted funds
Special projects
Staff fund
RunningSpace
Pelham Growz
Basement project
Crafting Connections
Pelham Counselling Service
Tudor Trust wellbeing
GEM Youth Work
Youth
PBE trading
Workshop
CAP money course
TOTAL FUNDS |
At 1/4/22
£
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 |
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) |
Transfers
between
funds
£
(808)
-
-
(808)
(1,372)
-
-
(593)
-
1,052
-
-
1,346
(1,009)
-
1,384
-
808
- |
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 16
THE PELHAM CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024
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
Restricted funds
Staff fund
RunningSpace
Pelham Growz
Basement project
Crafting Connections
Pelham Counselling Service
Tudor Trust wellbeing
GEM Youth Work
Youth
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) |
|
|
|
|
Designated funds
PropertyFund:Thisfundrepresentsthewrittendownvalueofthecharity'sfixedassetsatthe year
end.
Sustainability Fund: This fund earmarks funds for the sustainability of the charity.
Stafffund:Thisfundrepresentsatransferfromthegeneralfundfromprioryearsurpluses towards
the salaries paid by the charity.
Basementproject:Thisfundrepresentstheadditionalexpenditureincurredrelatingtothecost of
carrying out improvements to make use of the basement in the charity's property.
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,PelhamCounsellingService,GEMYouth Work,
Youth,PBETrading,CAPMoneyCourse,WorkshopandBuildingEnterprises;thesefunds represent
specificprojectscarriedoutbythecharitytowardswhichspecificgrants,donationsand other
sources of funding are received for each specific project.
continued...
Page 17
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024
THE PELHAM CIO
17. MOVEMENT IN FUNDS - continued
Basementproject:Fundshavebeenreceivedtowardsthecostofcarryingoutimprovements to
make use of the basement in the charity's property.
Transfers between funds
Fundtransfersintheyearhavebeenmadefromunrestrictedfundstoclearoverspends on
restricted funds.
18. RELATED PARTY DISCLOSURES
Aggregate donations received by the Trustees during the year were £6,865.
AsattheyearendthebalanceoftheunsecuredloanrepayabletoMrRHarper(Trustee) was
£31,763(2023:£30,000).Duringtheyeartheinterestaccruedonthisloan,atarateequalto the
Bank of England base rate, amounted to £2,163 (2023: £nil).
Duringtheyear,£3,751waspaidtoThePelhamBuildingEnterprisesLimited(tradingsubsidiary of
theCharity)inrespecttobuildingworkrelatedservices.£13,888wasalsopaidto Rother
BookkeepingLimited(theDirectorsofwhicharerelatedpartiesoftheCharity),for bookkeeping
services to the Charity.
Page 18