IDEAS HUB CHELMSFORD
Charity number 1164085
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] March 2022
Nicola Deackes
Independent Examiner
IDEAS HUB CHELMSFORD
CONTENTS
FOR THE YEAR ENDED 31 MARCH 2022
| Page | |
|---|---|
| Trustees Annual Report | 1-3 |
| Statement of financial activities | 4 |
| Balance Sheet | 5 |
| Notes forming part of the financial statements | 6-8 |
| Independent examination report | 9 |
IDEAS HUB CHELMSFORD
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31st MARCH 2022
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity Name and Number Ideas Hub Chelmsford 1164085
Admin address
20 Roxwell Road, Chelmsford, Essex, CM12PP E:hosts@ideashubchelmsford.org T:07880990443
Trustees
M M Noble – appointed 23.10.2015- reappointed 07/02/2018 Dr P Probert- appointed 23.10.2015- reappointed 02/04/2019 Ms K Fulcher- appointed 23.10.2015- reappointed 07/02/2018 Mr K Miller- appointed 15.12.2019
Independent Examiner
Nicola Deackes
Commencement of Activities
Activities commenced 23[rd] October 2015
STRUCTURE, GOVERNANCE, AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of Trust, and constitutes an incorporated charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES
The Ideas Hub Chelmsford became a charity on the 23[rd] October 2015. The Ideas Hub provides a community creative space and advancement of education for the wellbeing of residents. Chelmsford centre, not being a parished area (38% of Chelmsford residents, c. 70,000) offers no community purposed building. The Ideas Hub’s operating address has been, since October 2020, The Art Place in Meadows Shopping Centre.
IDEAS HUB CHELMSFORD
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31st MARCH 2022
_________________ Objectives and aims
The objectives and aims of the charity are to further or benefit the residents of Chelmsford and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreational and leisure time occupation with the objective of improving the conditions of life for the residents. In furtherance of these objects but not otherwise, the trustees shall have power to establish or secure the establishment of a community centre and to maintain or manage or co-operate with any statutory authority in the maintenance and management of such a centre for activities promoted by the charity in furtherance of the above objects.
Significant activities in the period
The following are a selection of the activities provided by the Ideas Hub in the period:
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Providing facilities in the interest of social welfare for recreational and leisure time occupation, including support for good Mental Health and provision of a safe space for the City by:
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Providing befriending sessions for chats as a once or recurring depending on need
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Providing services such as ESOL/ Legal service/ signposting that remove source of anxiety/ barriers that are an impediment to good Mental Health
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Providing daily creative activities & workshops: arts, crafts, wood and other creative activities for recovery towards and preservation of good mental health including building friendship support
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Providing a “connecting service”: by proactively, face to face and by email, connecting individuals to services, making services aware of other services their service users may benefit from and by supporting the local authorities with grassroot connecting and working in collaboration with other organisations.
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Providing “supported volunteering” for recovery from life upheaval, return to work, making friendships
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Providing a safe and inclusive space, particularly for young people and LGBTQ+ community
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oProviding emergency support where needed to Afghan Refugees -
Advancing education by:
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Delivering workshops and events aimed at improving inclusivity
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Providing a platform, opportunities to support young artists
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Providing career advice and support to access quality employability/ improve employability prospects
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Delivering STEAM projects directly in primary schools (to bypass parental barrier) aimed at increasing awareness of pupils at a key age about potential careers: “you can’t be what you can’t see”.
Note: The ideas Hub Chelmsford prides itself of not replicating what exists already but by establishing where the gaps are and by working at filling those gaps.
Public benefit
The following are a selection of the social impacts of the Ideas Hub during the period 1[st] April 2021 to 31[st] March 2022:
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Overall wellbeing of the residents
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The Ideas Hub’s activities and befriending sessions supported friendship development and recreational activities, hence providing better mental health and reducing loneliness - Weekly support of c.70 residents with workshops and 466 hours of 1:1 support for 540 residents
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The Ideas Hub supports organisations for the benefit of their service users - 140 hours of support to 45 organisations and formal partnership with Macmillan, West Essex Mind and EMAN
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The Ideas Hub’s ‘supported volunteering’ programme has an efficient by-product of tackling loneliness and re-skilling – 17 persons were supported through that scheme
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The Ideas Hub provided support to the Afghan refugees in Chelmsford on their demand - 96 Afghan refugees supported with MH and coordination of 12 organisations & a team of 12 volunteers
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Advancing education
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The Ideas Hub, this year, has provided STEAM workshops in Writtle infant and Junior school, using the historical 100[th] anniversary of the BBC, combining creativity, history and science and engineering – 217 children reached
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The Ideas Hub understand the importance of education for integration and development of English – 85 school applications for Afghan children
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The Ideas Hub provides career advice support for empowerment – 14 residents received this support of which 9 found a paid position
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The Ideas Hub is using education as a tool to build inclusion in Chelmsford. Ideas Hub Chelmsford ran a month long of educational workshops on LGBTQ+ in February.
Organisational information
The Ideas Hub Chelmsford is managed and run by an average of 70 volunteers from a wide variety of cultures and backgrounds.
Ideas Hub Chelmsford is a self-financing charity, independent from Local Authority financial support. Most of its income for the tax year 2021-2022 came from grants and income generated from providing a platform to local artists and crafters to sell their work. The Ideas Hub has been provided with a rent-free space to provide a creative community space for recreational activities and support such as signposting and Face to Face conversations. The Ideas Hub is also heavily involved in the grassroot cultural local scene, working in partnership with local cultural organisations, Ignite Chelmsford (Council-Led). Ideas Hub facilitated community outreach for the British Science Festival in September and delivered a community light parade in February to bring people together with children as focal point for the 100[th] year anniversary of broadcasting.
Ideas Hub Chelmsford secured a grant of £98,000 over two years from the National Lottery heritage Fund and an additional 54K in grants for the benefit of Chelmsford residents.
Final Overview and Plans for the Future
The Ideas Hub’s target for the next tax year is to:
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Grow its work on inclusion
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Grow its support for 11-18
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Maintain its delivery of befriending, signposting and support sessions and creative activities/ workshops to support residents’ wellbeing
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Maintain its support to refugees
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Maintain its work in primary school to raise children aspirations, building long-term resilience
Reserve Policy
The trustees agree that a minimum sum of £5,000 is retained to act as a reserve to ensure the health of the charity.
Approved by order of the board of trustees on and signed on its behalf by:
Mr K Miller - Trustee
IDEAS HUB CHELMSFORD
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31st MARCH 2022
| Total Funds | Prior Period Total Funds |
||
|---|---|---|---|
| Notes | 2022 £ |
2021 £ |
|
| Incoming resources Incoming resources from generated funds Donations and grants Charitable Activities Activities for generating funds Total incoming resources |
3 2 |
110,158 79,850 190,008 |
67,092 16,304 83,397 |
| Resources expended Cost of generating funds Charitable activities Trading costs Charitable activities Total resources expended |
4 5 |
26,677 109,790 136,467 |
9,108 36,538 45,646 |
| Net incoming/(outgoing) resources before transfers |
53,541 | 37,751 | |
| Gross transfers between funds Net incoming/(outgoing)resources Net movement in funds Total funds brought forward at 1st April 2021 Total funds carried forward at 31st March 2022 |
- 53,541 53,541 55,247 108,788 |
- 37,751 37,751 17,496 55,247 |
The notes on page 6-8 form part of these financial statements
IDEAS HUB CHELMSFORD
BALANCE SHEET
FOR THE YEAR ENDED 31st MARCH 2022
| Notes 2022 £ Fixed assets Tangible assets 8 - Current assets Debtors Bank balance Cash on hand 7 1,500 120,978 720 123,198 Creditors: amount falling due within one year 6 14,410 Net current Assets Total assets less current liabilities 108,788 108,788 Funds of the charity Restricted funds Unrestricted funds Total Funds 27,535 81,253 108,788 These financial statements were approved by the Board of Trustees on and were signed on their behalf by K.Miller |
2021 £ 1,194 - 56,845 230 |
|
|---|---|---|
| 57,075 | ||
| 284 | ||
| 56,791 | ||
| 57,985 27,517 30,468 |
||
| 57,985 |
Signed KEVIN MILLER - TRUSTEE
Date: 30/01/23
IDEAS HUB CHELMSFORD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2022
1.Accounting policies
1.1 Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statements on Recommended Practise 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 2015)- (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006. Recommended Practice (SORP) issued in October 2000, revised 2005.
1.2 Incoming resources
Income from donations and grants, including capital grants, is included in incoming resources when these are receivable.
When donors specify that donations and grants, including capital grants are for a restricted purpose, this income is included in incoming resources of restricted funds when receivable.
1.3 Resources expended and recognition of liabilities
All expenditure is incurred on a receipts and payments basis. The majority of costs are directly attributable to the specific Charitable activities.
Liabilities are recognised on the receipts and payments basis in accordance with the Charity Commission accounting principles for small charities.
Management and administration of the charity represent costs incurred in the management of the Charity’s assets, organisational administration and compliance with Charitable and statutory requirements
1.4 Depreciation
Depreciation is provided to write of the cost of fixed assets over their expected useful
All assets 33% Straight Line
1.5 Fund Accounting
Funds held by the Charity are either:
Unrestricted general funds- These are funds which can be used in accordance with the Charitable objects at the discretion of the Trustees
Restricted funds - These are funds that can only be used for particular restricted purposes within the objects of the Charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
IDEAS HUB CHELMSFORD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2022
| FOR THE YEAR ENDED 31st MARCH 2022 | ||
|---|---|---|
| 2. Charitable Activities Sponsorship Fundraising sales (commissions on sales) Events/ projects Space hire Fundraising from services Other Fundraising |
Total 2022 £ 1,470 48,014 2,142 22,058 - 6,166 79,850 |
Total 2021 £ - 6,222 2,127 1,808 300 5847 16,304 |
| 3. Grants and Donations Donations Grants |
Total 2022 £ 6,267 103,891 110,158 |
Total 2021 £ 11,789 55,303 67,092 |
| 4. Fundraising trading costs Staff costs Operational costs |
Total 2022 £ 21,822 4,855 26,677 |
Total 2021 £ 6,680 2,428 9,108 |
| 5.Charitable activities Advertising Post & Stationary Utilities Insurance IT costs Rent Sundries Assets Maintenance Projects Volunteer training Volunteer expenses Workshop expenses Professional fees Depreciation |
Total 2022 £ 250 389 4,396 926 1,869 - 407 - 3,176 94,405 5 863 889 1,490 725 109,790 |
Total 2021 £ 1,070 1,093 1,504 892 532 1,076 352 1,087 3,818 23,812 397 119 135 650 832 37,369 |
___________
IDEAS HUB CHELMSFORD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2022
6. Creditors
Accruals: £284 in 2021, £14,410 in 2022
7. Debtors
None in 2021, £1500 in 2022
8. Tangible fixed Assets (Fixtures and Fittings)
Addition in year up to 31 March 2021: £1,087
Less Depreciation of £362 = Remaining balance of £725
Less Depreciation of £725= Remaining balance of 0
9. Going Concern
The charity is operating on a going concern basis
10. Related Parties
There were no related parties during the year
11. Restricted Funds
No comparative figures are included in these accounts as no restricted funds were received or spent in either period
IDEAS HUB CHELMSFORD
INDEPENDENT EXAMINER’S REPORT
FOR THE YEAR ENDED 31st MARCH 2022
I report on the accounts of Ideas Hub Chelmsford for the year ended 31 March 2022 which are set out on pages 4 to 8.
Respective responsibilities of trustees and examiner
The Charity’s Trustees are responsible for the preparation of the accounts. The Charity’s Trustees consider that an audit is not required for this year (under section 144 (2) of the Charities Act 2011 (The Act) but that an independent examination is needed.
It is my responsibility to:
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Examine the accounts under section 145 of the Charities Act,
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To follow the procedures laid down in the General Directions given by the Charity Commissioners (Under section 145(5)(b) of the Charities Act, and
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To state whether particular matters have come to my attention.
Basis of the independent examiner’s Statement
My examination was carried out in accordance with the General Direction given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the account presented with those records. It also includes considerations of any unusual items or disclosures in the accounts and seeking explanation from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, nothing has come to my attention which gives me cause to believe that:
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The accounting records were not kept in accordance with section 130 of the Charity Act; or
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The accounts did not accord with the accounting records; or
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The accounts did not comply with the applicable requirements concerning the form and content set out in the current Charities (Accounts and Reports) Regulations.
I have come across nothing during my examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts.
NICOLA DEACKES
Date: 24/01/23
Nicola Deackes
Independent Examiner