Charity Registration No. 1161236
Sherburn Hill Community Hub Unaudited Financial Statements For the period ending 31st March 2026
Sherburn Hill Community Hub For the period ending 31st March 2026
Legal and administrative information
Trustees W Martin (resigned July 2025) S Hayton D Hall N Herbert (appointed July 2025) D Thompson (appointed August 2025) 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 2026
Contents
Trustees report -------------------------------------------------------------------------------------------------- 4 Statement of financial activities ----------------------------------------------------------------------------- 4 Balance sheet --------------------------------------------------------------------------------------------------- 5 Notes to the financial statements --------------------------------------------------------------------------- 8
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Sherburn Hill Community Hub
For the period ending 31st March 2026
Trustees report
Trustees report attached separately
Trustees
S Hayton
D Hall
N Herbert
D Thompson
The trustees’ report was approved by the Board of Trustees:
Signed:
Trustee: Date:
Statement of financial activities
Income and expenditure account
2026 2025 £ £
Notes
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Sherburn Hill Community Hub For the period ending 31st March 2026
| 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 |
976 143,892 175,173 (30,305) 119,675 89,370 144,8 68 175 , 173 |
2,006 153,410 157,405 (1,989) 121,664 119,675 155,416 157,405 |
|---|---|---|
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.
Balance Sheet
2026
2025
Notes
£
£
£
£
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Sherburn Hill Community Hub For the period ending 31st March 2026
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) |
775 60,270 |
31,621 57,749 |
1,679 77,730 |
42,161 77,514 119,675 - 121,664 (1,989) 119,675 119,675 |
|---|---|---|---|---|
| 61,045 (3,296) |
79,409 (1,895) |
|||
| 89,370 - |
||||
| 89 , 370 |
||||
| 119,675 (30,305) |
||||
| 89 , 370 |
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Sherburn Hill Community Hub For the period ending 31st March 2026
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 2026.
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 2026
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 2026
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 2026
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 2026
Notes to the financial statements (continued)
2 Donations and Legacies
Donations |
2026 £ 976 976 |
2025 £ 2,006 |
|---|---|---|
| 2,006 |
3 Charitable activities: Income
| Unrestricted Bingo Room Hire Café Catering Income Café Sales Event Income Exercise Class Grants Received Fundraising Management income Pre school group Restricted Believe Housing CDCF Durham AAP Durham County Council National Lottery Community Fund Shadforth Parish Council Sport England Unknown Total* |
2026 £ 1,373 44,460 5,685 33,573 311 94 - 37 6,220 52 2026 £ 960 - - 300 37,003 1,325 7,500 4,999 2026 £ 91 , 80 5 52,087 |
2025 £ 918 44,534 4,514 35,644 494 - 450 492 6,221 19 2025 £ 960 8,000 100 15,208 35,156 1,662 - - 2025 £ 93,284 60,126 |
|---|---|---|
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Sherburn Hill Community Hub For the period ending 31st March 2026
Notes to the financial statements (continued)
Unrestricted Restricted
91,807 93,284 52,087 60,126 143,894 153,410
*The National Lottery Community Fund - RC North East and Cumbria Region”
4 Charitable activities: Expenses
| Accountancy Advertising Cleaning Computer Costs DBS Check 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 2026 £ 720 - 1,775 149 22 10,540 - 29,382 557 2,256 1,794 860 1,202 8,802 786 163 28,087 406 - 498 - 452 1,247 - 12,632 72,321 522 175 , 173 |
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 |
|---|---|---|
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Sherburn Hill Community Hub For the period ending 31st March 2026
Notes to the financial statements (continued)
5 Employees
Average number of employees: 2026: 8 2025: 6
6 Tangible Assets
Outdoor Fixtures Total Equipment & Fittings £ £ £ Cost At 1 April 2025 1,596 99,686 101,281 Additions - - - 1,596 99,686 101,281 At 31 March 2026
Depreciation At 1 April 2025 Charged during year At 31 March 2026 Carrying amount At 31 March 2026 At 31 March 2025 7 Debtors Amounts due within 1 year |
623 243 730 866 973 |
58,497 10,297 30,891 2026 £ 68 , 794 4 1,189 |
69 , 660 |
|---|---|---|---|
| 59,120 10,540 31,621 |
|||
| 4 2 , 1 61 |
|||
2025 £ |
7 Debtors
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Sherburn Hill Community Hub For the period ending 31st March 2026
Notes to the financial statements (continued)
| Trade debtors | 775 775 |
1,679 |
|---|---|---|
| 1,679 |
8 Creditors: amounts falling due within 1 year
| 8 Creditors: amounts falling due within 1 year | ||
|---|---|---|
Amounts due within 1 year Accruals Trade creditors Other creditors Other taxation and social security |
2026 £ 720 188 - 2,388 3,296 |
2025 £ 720 188 142 845 |
| 1,895 |
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