Charity Registration No. 1161236
Sherburn Hill Community Hub Unaudited Financial Statements For the period ending 31st March 2025
Sherburn Hill Community Hub For the period ending 31st March 2025
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 2025
Contents
Trustees report - 4
Statement of financial activities - 5
Balance sheet - 6
Notes to the financial statements - 8
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Sherburn Hill Community Hub
For the period ending 31st March 2025
Trustees report
Trustees report attached separately
Trustees
K Poulton – resigned June 2023
A Scott – resigned September 2023
W Martin S Hayton D Hall
The trustees’ report was approved by the Board of Trustees:
Signed:
Trustee: Date:
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Sherburn Hill Community Hub For the period ending 31st March 2025
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 |
2025 £ 2,006 153,410 155,416 157,405 157,405 (1,989) 121,664 119,675 |
2024 £ 3,258 206,338 |
|---|---|---|
| 209,596 | ||
| 224,829 | ||
| 224,829 | ||
| (15,233) 136,897 |
||
| 121,664 |
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 2025
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) |
2024 £ 1,679 77,730 |
£ 42,161 77,514 |
2023 £ 3,417 69,025 |
£ 50,508 71,156 |
|---|---|---|---|---|
| 79,409 (1,895) |
72,442 (1,286) |
|||
| 119,675 - |
121,664 - |
|||
| 119,675 | 121,664 | |||
| 121,664 (1,989) |
136,897 (15,233) |
|||
| 119,675 | 121,664 |
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Sherburn Hill Community Hub For the period ending 31st March 2025
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 2024.
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 2025
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 2025
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 Outdoor Equipment 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 2025
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 2025
Notes to the financial statements (continued)
2 Donations and Legacies
| Donations Charitable activities: Income Unrestricted Bingo Room Hire Café Catering Income Café Sales Event Income Grants Received Fundraising Raffle Management income Other Income Pre school group Restricted CDCF Durham AAP Durham County Council National Lottery Community Fund Shadforth Parish Council Total* Unrestricted Restricted |
2025 £ 2,006 2,006 2025 918 44,534 4,514 35,644 494 450 492 - 6,221 - 19 93,284 2025 8,000 100 15,208 35,156 1,662 60,126 2025 93,284 60,126 153,410 |
2024 £ 3,258 |
|
|---|---|---|---|
| 3,258 | |||
| 2024 £ 1,046 47,834 3,640 45,124 1,464 97,864 262 41 8,008 1,056 - 206,338 2024 £ - - - - - 2024 £ 206,338 - 206,338 |
3 Charitable activities: Income
*The National Lottery Community Fund - RC North East and Cumbria Region”
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Sherburn Hill Community Hub For the period ending 31st March 2025
Notes to the financial statements (continued)
4 Charitable activities: Expenses
| Accountancy Advertising Cleaning Computer Costs Depreciation Events General Maintenance Grounds Maintenance HR Services Insurances Legal and Professional Fees Licensing Office and Admin Expenses Pension Printing, Postage and Stationery Purchases Raising Funds Repairs and Renewals Subscriptions Sundries Telephone Training Uniform Utilities Wages Waste |
Charitable Activities 2025 £ 1,008 60 1,673 13 13,383 590 14,440 4,916 2,444 1,453 - 1,030 2,630 186 190 26,086 660 494 143 18 124 31 89 13,359 72,196 191 157,405 |
Charitable Activities 2024 £ 2,436 2,653 2,399 619 16,703 884 38,560 1,115 2,249 1,452 320 384 5,459 1,113 90 31,916 333 250 173 397 114 133 138 32,049 82,374 515 |
|---|---|---|
| 224,829 |
5 Employees
Average number of employees: 2025: 8 2024: 6
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Sherburn Hill Community Hub For the period ending 31st March 2025
Notes to the financial statements (continued)
6 Tangible Assets
| Cost At 1 April 2024 Additions At 31 March 2025 Depreciation At 1 April 2024 Charged during year At 31 March 2025 Carrying amount At 31 March 2025 At 31 March 2024 7 Debtors Amounts due within 1 year Trade debtors |
Outdoor Equipment £ 1,596 - 1,596 299 324 623 973 1,297 |
Fixtures & Fittings £ 94,650 4,536 99,186 45,438 13,059 58,497 40,689 49,211 2025 £ 1,679 1,679 |
Total £ 96,245 4,536 |
|
|---|---|---|---|---|
| 100,781 | ||||
| 45,737 13,383 |
||||
| 59,120 | ||||
| 51,661 | ||||
| 50,508 | ||||
| 2024 £ 3,417 |
||||
| 3,417 |
8 Creditors: amounts falling due within 1 year
| Amounts due within 1 year Accruals Trade creditors Other creditors Other taxation and social security |
2025 £ 720 188 142 845 1,895 |
2024 £ - - 849 436 |
|---|---|---|
| 1,285 |
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Trustees’ Annual Report for the period
From 01/04/2024 Period start date To 31/03/2025 Period end date
Charity name: Sherburn Hill Hub
Charity registration number: 1161236
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 Christmas parties, Summer and Easter Fayres, Karate classes, youth projects, summer camps, gardening groups, art and craft groups, healthy eating for children, including 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. We have an established procedure to accurately track income and expenditure and adjust costs and services accordingly, whilst increasing income through provision of services. |
|---|---|---|
| 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 will continue to strive to reduce costs on those days income is lowest, as a part of responsible management of the facility. |
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 |
Reference and Administrative details
| Charity name | Sherburn Hill Hub |
|---|---|
| Other name the charity uses | N/A |
| Registered charity number | 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 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| WendyMartin | Secretary | |||
| David Hall | Treasurer | |||
| Sarah Hayton | ||||
– Corporate trustees names of the directors at the date the report was approved Director name N/A
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| N/A |
Funds held as custodian trustees on behalf of others
Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
Exemptions from disclosure
Reason for non-disclosure of key personnel details
N/A
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