Annual report for the year ended 31st March 2023
Financial Report
Challenges facing the Hub financial year ended 31[st] March 2023;
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Cost of gas, electricity and water has increased substantially
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Staff costs increase in line with cost of living
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Hub assistant employed to released Hub Manager’s time to focus on growth and funding
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Living Wage has also increased staff costs
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Hub heating system is failing and obsolete
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Extra expenditure due to Covid
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Regular hirers are slow to come back following pandemic
Financial review of the year
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Reserves of £76,194 were used towards costs of replacing the heating system
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Stage payments agreed with bulk of balance paid July 2023 leaving £2720 outstanding for retentions.
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Hub heating appeal was Launched and raise £25,284
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October cash flow forecast projected a loss (before the Hub heating appeal was launched) once impact of heating system cost was taken into account.
Future funding
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Need to go for grants
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Focus on fundraising activities – we need more volunteers/organisation
Reserves
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All Reserves were used for the boiler replacement. As a charity we are aware of the need to accumulate sufficient reserves as set out in the reserves policy
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We have several large of maintenance projects that will need funding in the near future
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The Trustees are working with the Hub Manager to rebuild reserves and find ways to raise funds through grants applications and fundraising
Chair’s Report
Activities included;
Hub Club launched
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A club for locals who felt socially isolated
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Luton Citizens Fund enabled purchase of board games and craft equipment
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The Hub was able to offer a member of staff to facilitate the group but needed volunteers for long term provision
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The group has gone on to run itself at the local pub
Warm Hub
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Response to increased heating cost crisis. Hub offered a warm space for people to come if they cannot afford to heat their home all day
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Supported with small grant from Council. Warm drinks were also available
Community Wildlife Garden
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The Wildlife Trust runs a regular gardening club, who plant and maintained the garden throughout the year
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The gardening club have grown beans, strawberries, tomatoes, and other vegetables
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We have plans to extend this to the front of the building but need more volunteers
Community Book Exchange
- The community book exchange encourages visitors to regularly swap books and donate others
Christmas
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Retired Community was back after lockdown
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We are planning this year's event and looking for sponsorship for refreshments and volunteers to help run
Work with the other groups and businesses in Bushmead and the wider community of Luton
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Inner Wheel Club of Luton North planted a rose in the community garden to celebrate World Day of Peace
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We are a collection point for old spectacles which are recycled and used across the world for those in need
Employee volunteering
- Employees from AstraZeneca volunteered to decorated the hall and helped improve the outside areas of the Hub
Hub Heating Appeal Fund
Launched October 2022
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Target £25,000 crowd funding
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Community engagement
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Fundraising activities
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Hirers support
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Large donations from Pre-school and Councillors fund
Currently the work needed…
Replacing all the guttering on the building £18,000 Current style of gutter is no-longer manufactured and too small for roof
Installing of interim heaters in the Manning Hall £2,000
Refurbishing the wooden floor in Manning Hall £4,000
Transforming a used office into a second meeting room by opening door onto corridor £6,000
Decorating is an almost yearly task!
Election of Officers
Chair and Secretary– Dave Coupe re-elected Treasurer – Alan Mason re-elected.
| BUSHMEAD COMMUNITY HUB | BUSHMEAD COMMUNITY HUB | 1169398 | ||
|---|---|---|---|---|
| Receipts andpayments accounts | CC16a | |||
| For the period from |
01/04/2022 | To | 31/03/2023 |
| Section A Receipts and payments | Section A Receipts and payments | Section A Receipts and payments | ||||||
|---|---|---|---|---|---|---|---|---|
| A1 Receipts | Unrestricted funds to the nearest £ 121,676 28,141 1,000 1,621 341 11,503 - 76,194 240,476 - - - 240,476 |
Restricted funds to the nearest £ - - - - - - - - - - - - |
Endowment funds to the nearest £ |
Total funds to the nearest £ 121,676 28,141 1,000 1,621 341 11,503 - 76,194 240,476 - - - 240,476 |
Last year to the nearest £ |
|||
| HALL HIRE | 121,676 | - - - - - - - - - |
121,676 | 87,214 | ||||
| DONATIONS | 28,141 | 28,141 | - | |||||
| GRANTS | 1,000 | 1,000 | 29,634 | |||||
| SUNDRIES | 1,621 | 1,621 | 660 | |||||
| INTEREST ON DEPOSIT | 341 | 341 | 374 | |||||
| ROOM HIRE DEPOSITS | 11,503 | 11,503 | 7,940 | |||||
| INCOME FROM GOVMT GRANTS | - | - | 2,631 | |||||
| TRANSFER FROM RESERVES | 76,194 | 76,194 | ||||||
| Sub total(Gross income for AR) |
240,476 | 240,476 | 128,453 | |||||
| A2 Asset and investment sales, (see table). |
||||||||
| - | - - - |
- | ||||||
| - | - | - | ||||||
| Sub total | - | - | - | |||||
| Total receipts A3 Payments |
||||||||
| - | 240,476 | 128,453 | ||||||
| GRANTS | 632 | - - - - - - - - - |
632 | 0 | 402 | |||
| REPAIRS/MAINTENANCE | 9,457 | - | 9,457 | 6,552 | ||||
| BUILDING IMPROVEMENTS | 3,306 | 3,306 | 9,433 | |||||
| WAGES & STAFF COSTS | 70,471 | - | 70,471 | 60,480 | ||||
| LIGHT & HEATING | 24,572 | - | 24,572 | 12,247 | ||||
| WATER & SEWERAGE | 2,216 | - | 2,216 | 847 | ||||
| CLEANING | 6,411 | - | 6,411 | 3,707 | ||||
| TELEPHONE/BROADBAND/IT | 2,721 | - | 2,721 | 1,022 | ||||
| STATIONERY | - | - | - | 1,462 | ||||
| ROOM HIRE DEPOSITS REFUNDED | 10,606 | 10,606 | 5,979 | |||||
| BUSINESS RATES | 738 | 738 | 493 | |||||
| FIRE & SAFETY | 2,895 | 2,895 | 2,167 | |||||
| GENERAL COSTS | 12,897 | 12,897 | 12,036 | |||||
| BOILER REPLACEMENT | 83,748 | - | 83,748 | - | ||||
| **Sub total ** | 230,670 | - | - | 230,670 | 116,827 | |||
| A4 Asset and investment purchases, (see table) |
||||||||
| - | - - - |
- | ||||||
| - | - | |||||||
| **Sub total ** | - | - | - | |||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
||||||||
| - | 230,670 | 116,827 | ||||||
| 9,806 | - | 9,806 |
11,626 | |||||
| - - |
- | - | ||||||
| 74,164 | - | 140,552 |
CCXX R1 accounts (SS)
16/01/2024
1
Section B Statement of assets and liabilities at the end of the period
| Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets |
Signature Alan Mason Details Details CASH CASH - RESERVES Details Details Total cash funds (agree balances with receipts and payments account(s)) Details |
Unrestricted funds Restricted funds to nearest £ to nearest £ 74,164 - - - 74,164 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name ALAN MASON |
Endowment funds to nearest £ |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
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| Date of approval |
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| Alan Mason | ALAN MASON | 29/09/2023 | |
CCXX R2 accounts (SS)
16/01/2024
2
CHARITY COMMISSION FOK, ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report R•port to th• tru8t•e•l m•mb•r4 of Bushmead Communrty Centre On accounts for th• yèar ended 31 March 2023 Chorlty no 111 anyl 1169398 Sèt out on pag•• I report to the trustees on my 8xamination of the accounts of th8 above charity {'the Trust.) for the year end8d 3110312023. Rospon8lbllltlo8 and As the charrty trustees of the Trust, you are responsible for the preparation b•#ls of roport ol the accounts In accordance with the r8quirement8 of the Charities Act 2011 {'Ihe Act.). I report in respect of my examination of the Trust's accoun16 carried out under secllon 145 of thè 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 14515)Ib) of the Ad. I h8ve compleled my examination. I confirm that no material matters have Gome lo my attention lolher Ihan that digc108ed below ') in connection with the examination which gives me cause lo believe that in. any material respect.. accounting records were not kept in accordance with sedion 130 of the Act or the accounts do not accord with the arxounting records Independent examln•rf• 8tatsment I have no cor+cern$ and have Come across no olher matter8 in connection with the examination lo which attention should be drawn in ord8r to enable a proper understanding of the accounts to be reached. Please delete th8 words in the brackets if they do nol apply Name: awrence Patt8rson Relèvant professional quallflcatlon{81 or body (If any>: Treasurer l Trustee Raynham Way Community Centre Address: 66 Ealon Green Road Luton Beds LU2 9JE IER October 2018
Section B Disclosure Only complete if the examiner needs lo highlight matters of concern (see CC32. Independenl examination of charity accounts., diredions and guidance for examiners). Glve hèrè brief detalls of any itoms that the examinor wlshe8 to dlsclose. NIA IER October 2018