## **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
2
**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.
5
**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|
6
**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**
7
**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.
8
**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.
9
**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.
10
**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**
11
**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
12
**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|
13
(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