2021-03-31-accounts

To

Trustees' Annual Report for the period

Period start date Period end date 1st April 2020 31st March 2021

From

Section A Reference and administration details

Charity name Other names charity is known by Registered charity number (if any) 1161236

Sherburn Hill Hub (CIO)

Charity's principal address

30 Church Vale Durham Postcode DH6 1AH

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole **year **	Name of person (or body) entitled to appoint trustee (ifany)
	Kathryn Pouton	Chair
	WendyMartin	Secretary
	David Hall	Treasurer
	Sarah Hayton	Trustee

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

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Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
Accounting/Accounts Software	Josh Herring	Priors Grange, High Pititngton.

Name of chief executive or names of senior staff members (Optional information)

Rebecca Ashby – Community Centre and Development Manager

Section B Structure, governance and management

Description of the charity’s trusts

Foundation CIO Type of governing document (eg. trust deed, constitution) CIO How the charity is constituted

• (eg. trust, association, company)

Apart from the first charity trustees, every trustee must be appointed for a term Trustee selection methods of three years by a resolution passed at a properly convened meeting of the (eg. appointed by, elected by) charity trustees.

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

• policies and procedures adopted for the induction and training of trustees;

• the charity’s organisational structure and any wider network with which the charity works;

• relationship with any related parties;

• trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

The objects of the CIO are to establish and run a Community Building and to promote for the benefit of the inhabitants of Sherburn Hill and surrounding area (“area of benefit”), without distinction of sex, sexual orientation, age, disability, nationality, race or political, religious or other opinions, the provision of facilities and activities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic

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circumstances or for the public at large in the interests of social welfare and with the object of improving the conditions of life of the said inhabitants.

• We successfully agreed with the County Council to transfer a former primary school building Sherburn Hill to our Charity and this period has been progressing the necessary works, lease and other related documents for SHHUB to take on the Head lease of the building, and sub lease part of the building to another organisation called Ethicare who will then pay SHHUB a competitive rent and share other specified costs. Completion and signing of the lease have been delayed by COVID-19 Pandemic impacts.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

• We share the site with the County Council’s One point Service who are opening a family centre in the neighbouring former Sure Start building and we hope to work in partnership with them for the foreseeable future.

Additional details of objectives and activities (Optional information)

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You may choose to include further statements, where relevant, about:

• policy on grantmaking;

• policy programme related investment;

• contribution made by volunteers.

Section D Achievements and performance

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Section D Achievements and erformance p

• Successfully carrying out community events for consultation, fun Summary of the main and village improvement such as litter picks. achievements of the charity • Successfully completing a business plan. during the year • Successfully progressing agreement to transfer a building from the council under lease to be used as a community centre. • Successful start of a new youth Project based at the centre.

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Section E Financial review

Brief statement of the

charity’s policy on reserves

The charity does not yet have a policy on reserves but in effect the money originally transferred from the previous community association are restricted for use in bringing about a new community centre. Any grants received are restricted, as are some donations. A formal reserve will be created out of the originally transferred funds and built up from unrestricted income dependent on level of excess income generated.

Details of any funds materially in deficit

None

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

• the charity’s principal sources of funds (including any fundraising);

• how expenditure has supported the key objectives of the charity;

• investment policy and objectives including any ethical investment policy adopted.

• The charity’s principal sources of funds (including any fundraising):

• Durham County Council Grant(s)

• County Durham Community Foundation

How expenditure has supported the key objectives of the charity so far:

• Undertaken refurbishment works on the new building – (the monies were paid direct from DCC to their workmen and contractors so did not go through SHHUB);

• In the next financial period monies will be provided for wages for a new Community Centre Manager, a new play area, and monies towards running costs for upto two years.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date
	David Hall	Wendy Martin
	Treasurer	Secretary
	24/1/2021
	24/1/2021

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Sherburn Hill Community Hub

Balance Sheet Report

To: 31 March, 2021

ASSETS
Fixed Assets
0030 - Office equipment and IT - Cost	180.00
0040 - Fixtures and fittings - Cost	213.67
	Total Fixed Assets	£393.67
Current Assets
1200 - Bank Account	110,157.70
	Total Current Assets	£110,157.70
	TOTAL ASSETS	£110,551.37
LIABILITIES
Current Liabilities
	Total Current Liabilities	£0.00
Future Liabilities
	Total Future Liabilities	£0.00
	TOTAL LIABILITIES	£0.00
	TOTAL NET ASSETS	£110,551.37
EQUITY

22 Oct 2021 15:29

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Net Profit / Loss	110,551.37
Net Profit / Loss (prior year(s))	38,323.90
Net Profit / Loss (current year)	72,227.47
	TOTAL EQUITY	£110,551.37

22 Oct 2021 15:29

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Sherburn Hill Community Hub

Profit and Loss Report

01 April, 2020 - 31 March, 2021

Sales
4900 - Other income 50.00
4940 - Rental Income 2,500.00
4950 - Donations 913.03
4960 - Grants Received 80,512.64
Total Sales	£83,975.67
Direct Expenses
5060 - Other Direct Expenses 1,375.00
5080 - Grants Awarded 7,500.00
Total Direct Expenses	£8,875.00
GROSS PROFIT / LOSS	£75,100.67
Overheads
7510 - Postage and Carriage 4.40
7630 - Business Insurance 648.80
7800 - Repairs and Renewals 2,220.00
Total Overheads	£2,873.20
NET PROFIT / LOSS	£72,227.47

22 Oct 2021 15:26

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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Raport to the trusteesl members of Shurbum Hill Communty Hub (CIC) On accounts for the year ended 3110312021 Charity no (rf any) 1161236 Set out on pages NIA I rèport to the trustees on my examination of the accounts of the al)ove charity ('the Trusf} for the year ended 3110312021. Responslbllltles and basls of report As the charilys trustees, you are responsible for the pr8paration of the accounts in accordance with the requirements of the Charities Act 2011 (Yie Acr). I report in respect of my examination of the Trusfs accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have f￿lowed all the applicable Directions given by the Charity Commission under section 145(5){b) of th8 Act. Indèpendent I have completed my examination. I confirm that no material matters have examlner's statement come to my attention in Connection with the examination which gives m8 cause lo believe that in, any matenal respect: the accounting records Y￿re not kept in accordance with section 130 of the Charities Act., or the accounts did not accord with the accounting records. or the accounts did not comply with the applicable requirements con￿mIng 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 matt8r considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in (Kder to enable a proper undetstsnding of the accounts to be reached. Slgned." Date: 0910112022 Namo: Joshua Herring Relevant professlonal qualiflcatlon(s) or body (If anyl: NIA Address: 218 Priors Grange High Pittington. Durham DH6 1DE IER Oct 2018