2023-03-31-accounts

Trustees’ Annual Report for the period

From 1/4/22 Period start date To 31/3/23 Period end date

Charity name: Sherburn Hill Hub

Charity registration number: 116126

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To establish and run a community building and to promote for the benefit of the inhabitants of sherburn hill and surrounding area the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities or for the public at large in the interests of social welfare and improving the conditions of life of the said inhabitants.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Running a community centre and café and outdoor leisure and recreation facilities for the benefit of the local community.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees have had regard to the guidance issued by the Charity Commission.

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	The charity has provided events, facilities and services to the local and wider community, such as health and well-being classes, exercise classes, youth projects, summer camps, warm spaces, healthy activities for the elderly, healthy easting for children, including free and low cost meals.

Financial Review

Review of the charity’s financial position at the end of the period	Para 1.21	The charity is working towards a long term break even point, with a view towards independent profit. Now that delayed billing by DCC has been dealt with the charity is more able to accurately track and project income and outgoings and adjust its costs and services accordingly, whilst increasing income through provision of services, and reducing costs through facilities improvements such as a new boiler and new solar panels and batteries.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The charity at present has some unrestricted funds but does not have defined reserves, but is working towards building up a reserve, as is good practice.
Amount of reserves held	Para 1.22	n/a
Reasons for holding zero reserves	Para 1.22	The charity has unrestricted funds it can use where needed, and is working towards funding itself independent of grants, which currently fund some staff roles fully or partially.
Details of fund materially in deficit	Para 1.24	See accounts for accounts info.
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	None. The charity may have to adjust it’s café’s opening hours to adjust to quiet and busy times and reduce costs on those days income is lowest, as a part of responsible management of the facility, whilst this still very new charity grows itself further.

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	N/A
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Standard process as per CIO templates.

Additional information (optional)

You may choose to include further statements where relevant about:

Reference and Administrative details

Charity name	Sherburn Hill Hub
Other name the charity uses	n/a
Registered charitynumber	116126
Charity’s principal address	Sherburn Hill Community Hub Front Street Sherburn Hill DH6 1PA

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 Poulton
	Aileen Scott
	WendyMartin	Chair
	David Hall	Treasurer

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

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
Accounta nt	Josh Herring	Priors Grange, High Pittington.
Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Accounts submitted 20 days late due to treasurer illness and school holidays related leave.

Declarations

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
	David Hall
	Treasurer
	20/2/24
	20/2/24

Charity Registration No. 1161236

Sherburn Hill Community Hub Unaudited Financial Statements For the period ending 31st March 2023

Sherburn Hill Community Hub For the period ending 31st March 2023

Legal and administrative information

Trustees

K Poulton A Scott W Martin S Hayton D Hall

Charity number 1161236 Registered office 30 Church Vale High Pittington Durham DH6 1AH Trading Address Sherburn Hill Community Hub Front Street Sherburn Hill Durham DH6 1PA

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Sherburn Hill Community Hub For the period ending 31st March 2023

Contents

Trustees report - 4

Statement of financial activities - 5

Balance sheet - 6

Notes to the financial statements - 8

3

Sherburn Hill Community Hub

For the period ending 31st March 2023

Trustees report

Trustees report attached separately

Trustees

K Poulton

A Scott W Martin S Hayton D Hall

The trustees’ report was approved by the Board of Trustees:

Signed:

Trustee: Date:

4

Sherburn Hill Community Hub For the period ending 31st March 2023

Statement of financial activities

Income and expenditure account

Notes Income from: Donations 2 Charitable activities 3 Total Income Expenditure on: Charitable activities 4 Total resources expended Net income for year/ Net movement in funds Fund balances at start of year Fund balances at end of year	2023 £ 1,524 142,124 143,648 116,755 116,755 26,893 110,004 136,897	2022 £ 1 85,024
		85,025
		85,327
		85,327
		(302) 110,306
		110,004

The statement of financial activities includes activities all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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Sherburn Hill Community Hub For the period ending 31st March 2023

Balance Sheet

Notes Fixed assets Tangible fixed assets 6 Current assets Debtors 7 Cash at bank and in hand Creditors: amounts falling due within one year 8 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year Net assets Income funds Retained funding Surplus/(Deficit)	2023 £ 3,186 89,617	£ 50,617 86,280	2022 £ - 60,703	£ 56,342 53,662
	92,803 (6,523)		60,703 (7,042)
		136,897 -		110,004 -
		136,897		110,004
		110,004 26,893		110,306 (302)
		136,897		110,004

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Sherburn Hill Community Hub

For the period ending 31st March 2023

Balance Sheet (continued)

The charitable company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2023.

The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small company’s regime.

The financial statements were approved by the Trustees on .........................

.............................

Trustee:

Chairty No. 1161236

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Sherburn Hill Community Hub For the period ending 31st March 2023

Notes to the financial statements

1 Accounting policies

Company information

Sherburn Hill Community Hub is a Charity Incorporated Organisation incorporated in England and Wales. The registered office is 30 Church Vale, High Pittington, Durham, DH6 1AH. The trading address is Sherburn Hill Community Hub, Front Street, Sherburn Hill, DH6 1PA.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

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Sherburn Hill Community Hub For the period ending 31st March 2023

Notes to the financial statements (continued)

1.4 Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.

1.5 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in net income/(expenditure) for the year.

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

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Sherburn Hill Community Hub For the period ending 31st March 2023

Notes to the financial statements (continued)

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.9 Taxation

The charity is exempt from corporation tax on its charitable activities.

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Sherburn Hill Community Hub For the period ending 31st March 2023

Notes to the financial statements (continued)

2 Donations and Legacies

Donations Charitable activities: Income Bingo Room Hire Café Catering Income Café Sales Event Income Grants Received Other Income		2023 £ 1,524 1,524 2022 £ 63 45,843 1,336 26,467 - 65,643 2,772 142,124	2022 £ 1
			1
			2022 £ - 19,358 - 3,003 1,122 60,289 1,252 85,024

3 Charitable activities: Income

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Sherburn Hill Community Hub For the period ending 31st March 2023

Notes to the financial statements (continued)

4 Charitable activities: Expenses

Accountancy Advertising Cleaning Computer Costs Depreciation General Maintenance Grounds Maintenance HR Services Insurances Legal Fees Licensing Office and Admin Expenses Other Professional Fees Payroll Expenses Pension Printing, Postage and Stationery Purchases Raising Funds Recruitment Repairs and Renewals Software Subscriptions Sundries Taxes Telephone Training Utilities Wages Waste	Charitable Activities 2023 £ 1,056 563 5,327 2,260 14,787 12,493 312 2,950 1,330 1,332 162 642 - - 495 212 17,160 660 68 9,892 60 301 752 - 65 224 3,024 48,788 1,850 116,755	Charitable Activities 2022 £ - 434 2,077 367 14,247 18 2,580 525 1,054 2,233 159 1,219 4,195 19 1,476 52 2,325 606 - 550 - - 2,421 2,906 17 - - 45,848 -
		85,327

5 Employees

Average number of employees: 2023: 7 2022: 6

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Sherburn Hill Community Hub For the period ending 31st March 2023

Notes to the financial statements (continued)

6 Tangible Assets

Cost At 1 April 2022 Additions At 31 March 2023 Depreciation At 1 April 2022 Charged during year At 31 March 2023 Carrying amount At 31 March 2023 At 31 March 2022 7 Debtors Amounts due within 1 year Trade debtors 8 Creditors: amounts falling due within 1 year Amounts due within 1 year Trade creditors Other creditors Other taxation and social security	Fixtures & Fittings £ 70,589 9,062 79,651 14,247 14,787 29,034 50,617 56,342 2023 £ 3,186 3,186 2023 £ 2,379 859 3,285 6,523		Total £ 70,589 9,062
			79,651
			14,247 14,787
			29,034
			50,617
			56,342
			2022 £ -
			-
			2022 £ - 4,059 2,983
			7,042

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(HARITY COMMISSION FOR ENGLANO AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustees Sherbum Hill Hub On accounts for the year ended 3110312023 Charity no (if any) 1161236 Set out on pages I report lo the twslees on my examination of the accounts of the abov8 charity {'the Trust") for the year ended 3110312023. Responsibilitles and basis of report As Ihe charity's trustees. you are responsible for the preparation of the accounts in accordance with Ihe requirements of the Charities Act 2011 I'the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5Xb) of the Act. Independent examlner's statement I have completed my examination. l ¢onfimi that no material matters have come lo my attention in connection with the which gives me cause to believe that in, any material r&spect= the accounting records were not kept in accordance with section 130 of the Charities Act., or the accounts did not a¢cord with the accounting records., or the accounts did not comply with the applicable requirements conceming the form and content of aG¢ounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any réquirement that the accounts give a 'true and fair, view which is not a rnaller considered as part of an independent examinalion. I have no concems and have come across no other matters in connection with the examination to whith attention should be drawn in this report in order to able a proper understanding of the accounts to be reached. Signed: Date: Name: Fl Relevant professional qualification{s) or body (if any}: Address: I I f(J IER Oct 2018

Section B Disclosure Only complele il the examiner needs lo highlight material mallers ol concern (see CC32, Independent examination of charity accounts-. directions and guidance for examiners). Glve here brief details of any items that the examiner wishes to disclosè. IER Oct 2018