```
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`**
||**`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`|
```
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
```