REGISTERED CHARITY NUMBER: 1171165
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 September 2022
for
The Community Hub
Martin+Heller 5 North End Road London NW11 7RJ
The Community Hub
Contents of the Financial Statements for the Year Ended 30 September 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
The Community Hub
Report of the Trustees for the Year Ended 30 September 2022
The trustees present their report with the financial statements of the charity for the year ended 30 September 2022. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES Objectives and aims
Charitable objects:
To provide a range of trainings, advice and relationship building services and opportunities for vulnerable people.
The relief of poverty amongst persons in conditions of need, hardship, and distress.
To assist and support needy people in the interest of social welfare, designed to improve their conditions of life.
To further the education of deprived young adults through the continued development of their capabilities, skills and understanding in subjects of educational value.
The promotion of any other exclusively charitable objects and purposes such as the trustees see fit, provided that they are regarded as charitable by the law of England and Wales.
Our aims:
Many individuals between us, are living in challenging circumstances and deprived environments. Without the right support and interventions, they struggle to cope with their issues and often daily challenges. Whether their struggle is poverty, vulnerability and social isolation, family breakdown, bereavement, illness, learning disabilities or communication difficulties, every person needs someone to guide them to tackle their situation.
We unite people who are vulnerable and lonely.
We unite people who need a friend to talk to. We unite people to share and communicate.
By bringing them together, we enable them to transform their lives into a brighter experience.
We believe that through guidance and support in a safe space, offering support and rapport, there is a scope for transformation in their lives.
Our mission:
To support vulnerable young people, adults and the elderly through invigorating activities in a safe, calm and relaxing environment giving them the opportunity to unwind from their daily struggles and hardships.
Our vision:
To empower deprived and disengaged people with skills and resilience to combat and succeed in their challenges and imbue them with hope for a better future.
Page 1
The Community Hub
Report of the Trustees
for the Year Ended 30 September 2022
OBJECTIVES AND ACTIVITIES
Significant activities
To support young parents who are struggling to parent their children who have additional needs.
To engage NEET young people in personal development, team building and communication skills training thus supporting them into employment.
To link socially isolated and low-income immigrants, who lack community support and feel vulnerable and uniformed in their new environment, through social support groups.
To provide a range of weekly social programmes to elderly people who are lonely, vulnerable and face physical challenges.
To provide a relationship coaching programme to young people to guide and support them at the brink of marriage with continued support after marriage.
Telephone advice line offering a confidential support service.
Public benefit
The Trustees confirm their compliance with the duty to have due regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activities.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
What we have delivered this year:
35 elderly people supported and invigorated through the Wellboost healthy life programme.
30 elderly people benefitted through the Wellboost sport programme.
45 young people experienced a change in their personal development and received individualised guidance, resulting in their employment.
85 young parents received support, guidance and referrals for their child/ren with additional emotional needs.
30 vulnerable young people, mostly immigrants, were united and supported through our Links programme.
FINANCIAL REVIEW
Principal funding sources
The charity's activities are supported by a mixture of funding streams including private donations, grants from trusts and users' contributions. The results for the period are shown in the attached financial statements.
Reserves policy
The trustees are working towards building reserves of at least 3 months' operating costs in order to protect services where there are uncertainties as to whether funding will continue and to ensure adequate cash flow for the organisation's needs.
FUTURE PLANS
The charity's aims and targets for the coming year are to continue expanding on its current services and programs.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Charity constitution
The Community Hub is a registered charity and a charitable incorporated organisation. The Trustees are responsible for governance of the organisation. Induction and training are provided for new trustees. None of the trustees have any beneficial interest in the charity.
Page 2
The Community Hub
Report of the Trustees
for the Year Ended 30 September 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate any perceived risks.
The trustees continually review the risks that the charity may be exposed to and take appropriate action as required.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 1171165
Principal address
122 Kyverdale Road London N16 6PR
Trustees
Mr J Baumgarten (resigned 22.12.22) Mr A Klein Mr A Cullish (resigned 12.10.21) Mrs M Davidovitz Mrs R Ehrnfeld (appointed 12.10.21) Mrs S Silbiger (appointed 12.10.21) Mrs R Heller (appointed 12.10.21)
Independent Examiner
Mr A Heller FCA Martin+Heller 5 North End Road London NW11 7RJ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................................... Mr A Klein - Trustee
Page 3
Independent Examiner's Report to the Trustees of The Community Hub
Independent examiner's report to the trustees of The Community Hub
I report to the charity trustees on my examination of the accounts of The Community Hub (the Trust) for the year ended 30 September 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr A Heller FCA
Martin+Heller 5 North End Road London NW11 7RJ
Date: .............................................
Page 4
The Community Hub
Statement of Financial Activities
for the Year Ended 30 September 2022
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 4,335 94,090 EXPENDITURE ON Raising funds - - Charitable activities Charitable activities - 76,055 Other 361 2,885 Total 361 78,940 NET INCOME/(EXPENDITURE) 3,974 15,150 RECONCILIATION OF FUNDS Total funds brought forward 15,254 5,787 TOTAL FUNDS CARRIED FORWARD 19,228 20,937 |
30.9.22 Total funds £ 98,425 - 76,055 3,246 79,301 19,124 21,041 40,165 |
30.9.21 Total funds £ 100,239 1,252 107,395 439 109,086 (8,847) 29,888 21,041 |
|---|---|---|
The notes form part of these financial statements
Page 5
The Community Hub
Balance Sheet 30 September 2022
| Unrestricted Restricted fund fund Notes £ £ FIXED ASSETS Tangible assets 4 - 4,519 CURRENT ASSETS Debtors 5 65,787 15,113 Cash at bank - 1,305 65,787 16,418 CREDITORS Amounts falling due within one year 6 (46,559) - NET CURRENT ASSETS 19,228 16,418 TOTAL ASSETS LESS CURRENT LIABILITIES 19,228 20,937 NET ASSETS 19,228 20,937 FUNDS 7 Unrestricted funds Restricted funds TOTAL FUNDS |
30.9.22 Total funds £ 4,519 80,900 1,305 82,205 (46,559) 35,646 40,165 40,165 19,228 20,937 40,165 |
30.9.21 Total funds £ 2,504 5,400 13,497 18,897 (360) 18,537 21,041 21,041 15,254 5,787 21,041 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mr A Klein - Trustee
The notes form part of these financial statements
Page 6
The Community Hub
Notes to the Financial Statements for the Year Ended 30 September 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
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.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - straight line over 3 years
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds 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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2022 nor for the year ended 30 September 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2022 nor for the year ended 30 September 2021.
continued...
Page 7
The Community Hub
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
| 3. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| fund | fund | funds | ||
| £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 517 | 99,722 | 100,239 | |
| EXPENDITURE ON | ||||
| Raising funds | - | 1,252 | 1,252 | |
| Charitable activities | ||||
| Charitable activities | 222 | 107,173 | 107,395 | |
| Other | 439 | - | 439 | |
| Total | 661 | 108,425 | 109,086 | |
| NET INCOME/(EXPENDITURE) | (144) | (8,703) | (8,847) | |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 15,398 | 14,490 | 29,888 | |
| TOTAL FUNDS CARRIED FORWARD | 15,254 | 5,787 | 21,041 | |
| 4. | TANGIBLE FIXED ASSETS | |||
| Computer | ||||
| equipment | ||||
| £ | ||||
| COST | ||||
| At 1 October 2021 | 3,756 | |||
| Additions | 4,900 | |||
| At 30 September 2022 | 8,656 | |||
| DEPRECIATION | ||||
| At 1 October 2021 | 1,252 | |||
| Charge for year | 2,885 | |||
| At 30 September 2022 | 4,137 | |||
| NET BOOK VALUE | ||||
| At 30 September 2022 | 4,519 | |||
| At 30 September 2021 | 2,504 |
continued...
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The Community Hub
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 30.9.22 | 30.9.21 | |||
| £ | £ | |||
| Other debtors | 80,900 | 5,400 | ||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 30.9.22 | 30.9.21 | |||
| £ | £ | |||
| Trade creditors | 45,839 | - | ||
| Other creditors | 720 | 360 | ||
| 46,559 | 360 | |||
| 7. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | ||||
| At 1/10/21 | in funds | At 30/9/22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 15,254 | 3,974 | 19,228 | |
| Restricted funds | ||||
| Restricted fund | 5,787 | 15,150 | 20,937 | |
| TOTAL FUNDS | 21,041 | 19,124 | 40,165 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 4,335 | (361) | 3,974 | |
| Restricted funds | ||||
| Restricted fund | 94,090 | (78,940) | 15,150 | |
| TOTAL FUNDS | 98,425 | (79,301) | 19,124 |
continued...
Page 9
The Community Hub
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
7. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | |||
| At 1/10/20 | in funds | At 30/9/21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 15,398 | (144) | 15,254 |
| Restricted funds | |||
| Restricted fund | 14,490 | (8,703) | 5,787 |
| TOTAL FUNDS | 29,888 | (8,847) | 21,041 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 517 | (661) | (144) |
| Restricted funds | |||
| Restricted fund | 99,722 | (108,425) | (8,703) |
| TOTAL FUNDS | 100,239 | (109,086) | (8,847) |
| A current year 12 months and prior year 12 months combined position is as follows: | |||
| Net | |||
| movement | |||
| At 1/10/20 | in funds | At 30/9/22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 15,398 | 3,830 | 19,228 |
| Restricted funds | |||
| Restricted fund | 14,490 | 6,447 | 20,937 |
| TOTAL FUNDS | 29,888 | 10,277 | 40,165 |
continued...
Page 10
The Community Hub
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 4,852 | (1,022) | 3,830 |
| Restricted funds | |||
| Restricted fund | 193,812 | (187,365) | 6,447 |
| TOTAL FUNDS | 198,664 | (188,387) | 10,277 |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2022.
Page 11
The Community Hub
Detailed Statement of Financial Activities for the Year Ended 30 September 2022
| INCOME AND ENDOWMENTS Donations and legacies Donations Total incoming resources EXPENDITURE Charitable activities Professional and consultancy fees Computer & software Rent Food and events Printing, postage & stationary Staff training Support costs Finance Bank charges Other Computer equipment Governance costs Accountancy fees Total resources expended Net income/(expenditure) |
30.9.22 £ 98,425 98,425 30,183 - 20,475 15,895 4,397 5,105 76,055 1 2,885 360 79,301 19,124 |
30.9.21 £ 100,239 100,239 17,726 222 19,960 43,560 3,856 22,071 107,395 79 1,252 360 109,086 (8,847) |
|---|---|---|
This page does not form part of the statutory financial statements
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