Henderson Hub Company Limited
(A company limited by guarantee)
Report and Financial Statements
Year Ended 31 March 2024
Charity number 1171855
Company number 8733997

Henderson Hub Company Limited
Trustees, and Directors, Report
Year ended 31 March 2024
The Trustees present their report and financial statements forthe year ended 31"March 2024. This has a150 been
prepared to meet the requirements for a Directors. Report and Accounts for the purF)0ses of the Companies Act.
The financial statements have been prepared in accordan￿ with the accounting policies set out in Note I to the
accounts and comply with the Charites Act 2001. the Companies Act 2CKJ6. the Memorandum and Articles of
Association, 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 {FRS1021.
Table of Contents
Legal and Administrative Infomiation .
Objectives and Activities..................-......................-...-.......-...-.............-...-............... .
Achievements and Performance................................................................................... ............... .
Structure. governance and management...............................-.-..-.... .-........-......... .
Independent Examinerfs Report....
Statement of Financial Activities
Balance Sheet...........
Notes to the Accounts...................-.....-...........-........-........-..-........
io

The Trustees present their report and financial statements forthe year ended 315t March
2024. This has also been prepared to meet the requirements for a Directors, Report and
Accounts for the purposes of the Companies Act.
The financial statements have been prepared in accordance with the accounting policies set
out in Note I to the account5 and comply with the Charites Act 2001, the Companies Act
2006, the Memorandum and Articles of Association, and Accounting and Reporting by
Ch3rities- 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 (FRS1021.
Legal and administrative inforniation
Directors and Trustees
C Bradshaw (Resigned 10 October 2023}
A Stanley (Resigned 10 October 20231
T Sidaway
S Nakhal
E Stratton (Resigned 22 May 20231
T Marshall (Appointed 10 October 2023)
S Hoque {Appointed 10 October 2023)
J James {Appointed 16 February 20241
S Watts (Appointed 4 March 2024}
Registered Office
37 Marlowes
Hemel Hempstead
HPI ILD
Operating address
Henderson Hall
High Street
Abbots Langley
WD5 OAR
Accountants
Morgan Rose
37 Marlowes
Hemel Hempstead
HPI ILD
Independent
Examiner
Morgan Rose
37 Marlowes
Hemel Hempstead
HPI ILD
Charity Registration Number
1171855
Company Registration Number
8733997

Objects, Objertlves and Activities
Our Charitable objects are settled with the Charity Commission to be:
l. The provision of facilities for the use of the inhabitants of Abbots Langley and the
neighbourhood thereof, without distinction of political, religious or other opinions,
including use for meetings, lectures and classes and for other forms of recreation
and leisure time occupation. with the object of improving the conditions of life for
the said inhabitants.
2. The advancement of the arts for public benefit through the provisions of facilities
and other means to enable participation in a wide range of visual, literary and
performing arts.
Our strategic objectives to achieve this are-
To provide and encourage use of facilities at the Henderson Hall, including the
provision of meeting spaces, arts and performance spaces
To foster a wide range of activities for Abbots Langley and the neighbourhood
To ensure the sustainability of the Henderson Hub and its value to the community.
The Trustees have complied with the duty specified in Section 4 of the Charities Act 2011
relating to the public benefit requirement of the activitie5 of the Charity and to guidance
issued by the Charity Commission.
To manage this, the Trustees regularly review their activities to more effectively achieve
objectives and to more readily meet obligations.
Achievements and Performance
While Covid 19 restrictions were lifted a few years ago, this pandemic has social
consequences in various groups including elderly can exacerbate their unfavourable
situation. Some group of people changed their behaviour and thus spending less time in
social gather which in turn affected footfall in our programs.
We maintained the Elvira's café facility through the year and felt that it was important
to keep the facility running for its social v31ue as a place to meet. provided that it was not a
financial drain. Elvira's opened for four days a week, manned by one paid staff member per
shift along with volunteers.
Budgeted income was sSightly down on the year as we had forecast for a full year- choosing
to actively manage the risk. There has been the need to keep pricing and costs under
review with particular impact from energy costs- which not only affect such things as gas
and electricity- and which now represent something like IOYO of costs even after reducing
consumption by around 30Yo, but other consumables such as coffee too. Our pricing model
has had to adjust as inflation got a hold and we have sought to simplifying pricing and ask
tougher questions on operational aspects.

The end of the calendar year also saw a change in our Hub Manager with a new
appointment providing new energy for the new financial year. The Hub managerfs hours
were reduced and a second marketing manager role was created to support the Hub
manager and focus on marketing.
The Village Hall and Community Arts
The Henderson Hub preserves and promotes the established function of the Henderson
Memorial Hall as the Village Hall of Abbots Langley, a hall for the use by the inhabitants of
the village for meetings, classes and other leisure activities, as enshrined in the first object
of our charity. The nature of the building makes it the only suitable space for performing
arts in the eastern region of the Three Rivers district and its Use by performance-based
community groups, sits alongside community uses, such as regular clubs and meetings. The
hall accommodates up to 140 people plus ancillary accommodation.
We are proud to host a range of activities including:
Exhibitions, Textiles Se55ions; Children's Art Classes; Pottery Classes; Sourdough Classes; Art
Taster Classes; Yoga Classes; Watford Magicians, Meetings and Awards Shows; Live & Local
Music Nights; Comedy Nights. Community Cinema. Coffee Mornings including-
bereavement support and for local MP surgery,. Private Film Night for the Monday Club- a
social club for adults with learning difficulties; Recording sessions for a local singer's album;
Abbots Langley Gilbert & Sullivan Society
Abbots Langley Gilbert & Sullivan Society, Cassio Productions, Abbots Langley Players and
Centralians PSayers rehearsals and play weeks- Dance classes; Party Hires,. Fizz Kids Family
Magic Shows; Michael Jackson Tribute Show; Captain Calamity storytelling session for kids.
Resources
We have a mix of volunteers and paid staff all of whom make a great and welcome
contribution with their enthusiasm and energy. We could not do this without all those who
provide this support and we want to take this opportunity to say 'thank you. to everyone
who has played their part this year.
One of the Covid pandemic legacies was last year identified as being a shift in our
volunteering resource. This has continued to be difficult. The advent of younger people
recorded last year has not lasted as their world has opened up again. The volunteer group
who now manage Elvira's is a very positive initiative and how that works will play out during
this next period.
Financial review
The financial year ending 31 March 2024. income was £92,280 (2022123, £108,064) and
expenditure £88,149 (2022123, £119,550), meaning a small surplus of £4,131 was generated
12022/23. - £11,486).
Although we forecast late last year, estimating a EIOK plus deficit, we have managed to turn
a corner. This was po55ibly largely due to cost savings by negotiating utility services and

generating increased revenue from hall hire and events, which in turn contributed to more
takings at Elvira's. We send our gratitude to all Hub stakeholders including our members
and volunteers who are working tirelessly to achieve this. Please note that this result
includes a grant from ALPC.
Despite this yearfs result, we are predicting a challenging couple of years due to a change in
approach from ALPC. Our next application will only support project funding and will be the
last application we can make in the next 2-year period. Funding therefore needs to be
reviewed as a matter of urgency. The development of a funding strategy is underway and
our new management team have made some developments and suggestions in this area.
A new model for hire costs has been presented to the board for consideration alongside
suggested adjustments for the future to optimise income and support the cultural sector
Reserves
The Trustee5 have agreed that the Charity should seek to retain between three and six
months of the coming yearfs expenditure budget in unrestricted reserves. As at 31 March
2023, unrestricted reserves were £42,828, representing equivalent to around six months of
planned expenditure for the 2024125 financial year (expenditure budget for 2024/25 set at
£77,112). The Trustees are satisfied that the reserves are adequate at thi5 time.
Structure. governance and management
Governing document
Henderson Hub is a company limited by guarantee, governed by its Articles of Association. It
is registered as a charity with the Charity Commission. Membership is open to persons who
support the aims and objectives of the Charity and who are willing to pay the annual
subscription, subject to approval by the Director5. Each Member has agreed to contribute
EIO (ten pound only} in the event of the Charity winding up.
Appointment of Trustees
As set out in the Articles of Association Trustees and Directors are elected at the Annual
General Meeting with one third retiring each year and a need for four or more.
Trustee induction and training
Trustees have developed (with mixed success it must be said) procedures for the
recruitment, induction and training of new Trustees.
Prospective Trustees are introduced to Henderson Hub by means of discussion and acting as
an Observer alongside existing Trustees before appointment; this assists with understanding
the objects of the charity and the role of Trustees.

Organisation
The Hub managerfs hour5 were reduced and a second marketing manager role wa5 created
to support the Hub manager and focus on promoting the Hub and it's events. The combined
skillset of both managers offers the Hub a wider range of skills to benefits the Hub, with
minimal increase in cost. Also the two managers cover for each other when needed eg
during annual lease. The role of the Marketing manager is supported by ALPC for Six
months. At the end of the end of the financial year, it is still under this support.
The Board of Trustees meets quarterly. or more frequently as the need arises. Board
meetings consider reports from the Manager and reviews more strategic issues including
compliance, governance and future strategy. Following the resignation of the chair and
secretary at the last AGM new directors were appointed broadening the skillset of the
Board which now includes Technology, Law, Accountancy. Engineering along with amateur
dramatics.
Related porties
The Charity has a close relationship with Abbots Langley Parish Council, who act as the
Foundation Trustees of the Henderson Hall, and with the Henderson Memorial Hall Trustees
who are a registered charity and act as the Management Trustees. These parties act as the
landlord for the Henderson Hub Company lease over the Henderson Hall.
Risk management
The Trustees have in place 3 number of policies and procedures to manage risk. These are
kept under periodic review with operational matters, health and safety and financial risk a
subject matter at each quarterly meeting. Directors are involved in banking activity, staff
engagement and any longer-term contract, such as the leasehold tenure of Henderson Hall.
The Trustees also ensure that full insurance is in place and review the requirements
annually and as required should circumstances change.
Trustees, responsibilities in relation to the financial statements:
The Trustees (who are Directors of Henderson Hub Company Limited for the purposes of
company lawl are responsible for preparing a Trustees annual report and financial
statement in accordance with applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year
that give a true and fair view of the state of affairs of the charitable company and of the
incoming resources and application of resources for that period. In preparing the financial
statements, the trustees are required to:
Select suitable accounting policies and then apply them consistently
Observe the methods and principles in the applicable Charities SORP
Make judgements and estimates that are reasonable and prudent
State whether applicable accounting standards have been followed, subject to any
material departures being disclosed and explained in the financial statements

Prepare the financial statements on the going concern basis unless it is inappropriate
to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with
reasonable accuracy at any time the financial position of the charity and to enable them to
ensure that the financial statements comply with the Companies Art 2006, and applicable
Charities (accounts and reports) Regulations. They are also responsible for safeguarding the
assets of the charity and taking reasonable steps for the prevention and detection of fraud
and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and
financial information included on the charitable company's website. Legislation in the
United Kingdom governing the preparation and dissemination of financial statements mav
differ from legislation in other jurisdictions.
The directors, have taken advantage of Section 477 of the companies Act 2006 which
exempts the company from an audit.
The charity is required to have an Independent Examination in accordance with the
provisions of the Charities Act 2011.
By
r of the board of trustees and signed on their behalf by
S Nakhal
Chair of Trustees 3nd Director
0711112024

I report on the accounts of the Henderson Hub Company Limited for the year ended 31
March 2024, comprising Statements of Financial Activities of the charity, Balance Sheet and
supporting Notes.
Respective responsibilities of trustees and examiner
As the charit￿5 trustees of the Company (who are also the directors of the company for the
purposes of company lawl. you are responsible for the preparation of the accounts in
accordance with the requirements of the Companies Act 2006 ("the 2006 ACV'I.
Having satisfied myself that the accounts of the Company are not required to be audited for
this year under Part 16 of the 2006 Act and are eligible for independent examination, I
report in respect of my examination of your charitrfs accounts as carried out under section
145 of the Charities Act 2011 {-the 2011 Act"). In carrying out my examination, I have
followed the Directions given by the Charity Commission (under section 145{5){b) of the
2011 Act.
Independent Examiner's statement
I have completed my examination. I confirm that no material matters have come to my
attention which gives me cause to believe that:
accounting records were not kept in accordance with section 386 of the Companies Act
2006; or
the accounts do not accord with such records; or
the accounts do not comply with relevant accounting requirements under section 396 of
the Companies Act 2006 other than any requirement that the accounts give a 'true and
fairf view which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the Charities SORP (FR5102).
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 o
the account5 to be reached.
Stev
ump
ys ACA
hartered Accountants
1202

Henderson Hub Company Limited
Statement of Financial Activities
(including income and expenditure account)
for the year ended 31 March 2024
2024
2023
Unrestricted Restricted
funds
funds
Notes
Total funds
Total
Income
Donations
2,089
2,089
3,230
Grants
20,000
600
20,600
20,600
Charitable activities
69,591
91,680
69.S91
84,234
Total income
600
92,280
108,064
Expenditure
Charitable activities
85.575
2,574
2,574
88.149
119.550
Total expenditure
85,575
88,149
119,550
Net Income/(Expenditure) and net movement
in funds for the year
6,105
(1,9741
4,131
(11,486)
Reconciliation of Funds
Total funds brought forward
Total funds carried forward
36,723
33,600
70.323
81,809
42,828
31,626
74.454
70,323

Henderson Hub Company Limited
Balance Sheet
As at 31 March 2024
2024
2023
Unrestricted
funds
Restricted
fund5
Notes
Total Funds
Total
Fixed Assets
Tangible assets
Total Fixed Assets
io
31,626
31,629
33.636
31.626
31.629
33.636
Current Assets
Bar Stock
200
200
200
Debtors
li
3,629
3.629
7,325
Cash at bank and in hand
51.914
51,914
46.069
Total Current Assets
55,743
55.743
53,594
Liabilltles
Cfeditors
falling due within one year
Net Current Assets
12
{12,918)
42,825
112,9181
42,825
{16,9071
36.687
Net Asset5
42.828
31.626
74,454
70.323
The funds of the charity
14
Unrestricted income funds
42.828
42,828
36,723
Restricted income funds
31,626
31,626
33,600
42,828
31,626
74,454
70,323
For the year ending 31 March 2024 the company was entitled to exemption from audit under 5477 of the
Companies Act 2006 relating to small companies. The member5 have not required the company to obtain an
audit of its accounts for the year in question in accordance with s476.
The directois acknowledge their responsibilitie5 for complying with the requirements of the Act with respect
to accounting records and the preparation of accounts. The accounts have been prepared in accordance with
the provisions applicable to companies subject to the small companies, regime.
Approved by the board of trustees on 7th November 2024 and signed on their behalf by
Eowid
Ndkknl

Henderson Hub Company Limited
Notes to the accounts for the year ended 31 March 2024 {continuedl
Unrestrirted
funds
2024
Restricted
fvnds
2024
Total Funds
2024
Total
2023
5 Income from donations
Donation
2,089
2,089
2,089
2.089
3,230
3.230
Unrestrirted
funds
2024
Restricted
funds
2024
Total Funds
2024
Totsl
2023
6 Income from grants
Abbots Langley Parish Council
Three Rivers District Council
Government- Furlough scheme
20,000
20.000
600
2,000
20,000
600
20,600
2,600
Unrestrirted
funds
2024
Restricted
funds
2024
Total Fund5
2024
Total
2023
7 Income from charvtable artivities
Income from hall hire
Income from Upstairs room hire
Foyer café
Bar takings
Event income lincluding ticket sales)
Income from equipment hire
Company Membership Fees
Associate Members Fees
Advertising sales
Bank Interest Received
Other income
14,983
3,030
31,912
9,509
9.726
40
380
14.983
3.030
31,912
9,509
9,726
40
380
20,219
36,690
9,065
17,316
240
li
li
69,591
69,591
84,234
io

Henderson Hub Company Limited
Notes to the accounts for the year ended 31 March 2024 Icontinuedl
VTrrÈstrlcted
funds
Restrirted
funds
Total funds
Total
2024
2024
2024
2023
8 Expenditure on charitable artivities
Bar stock
Licencing
Café consumables
Event production
Film hire costs
Materials for events
Hire of hall
Salaries and related costs
Depreciation
Advertisin£
Bank charges
Business rate5
4.096
1.818
10,686
4.068
1.781
4,096
1,818
10,686
4,068
1.781
5,343
1,398
14,640
7,415
3,365
18
305
51.647
2.114
265
29,870
33
265
29.870
2.007
1,974
177
177
7,436
2,786
1,116
226
471
8.559
2,630
1,556
26
1,139
782
7,530
1,000
560
8.673
7.436
2,786
1.116
226
752
915
6.458
Insurance
Telephone and internet
Stationery
Marketing
Removal of trade waste
Maintenance
Rent payable on hall
Purchase of equpment
Professional fees
Bad Debt
Other
752
915
7.058
600
1.894
9,965
1,146
78
1,894
9,965
1.146
78
380
85.575
2,574
88.149
119,550
9 Net income for the year
This is stated after charging-
2024
2023
Operating leases
Depreciation
Accountancy fees
2.007
8.364
2.114
4,087
li

Henderson Hub Company Limited
Notes to the accounts for ihe year ended 31 March 2024 (continued)
10 Tangible fixed a55et5
Unrestricted
Funds
Re5trirted
Funds
Leasèhold
ifflprove-
rnents
Plant and
Equipment
Total
Cost
at l April 2023
Additions
at 31 March 2024
9,347
45.393
54,740
9.347
45.393
54.740
Depreciatlon
at l April 2023
Charge for the year
at 31 March 2024
9.311
33
9,344
11,793
1.974
13,767
21.104
2.007
23,111
Net Book Value
at 31 March 2024
31,626
31,629
at 31 March 2023
36
33,600
33,636
Unrestrirted
funds
Restrlcted fund5 Total funds
Total
11 Oebtors
2024
2024
2024
2023
Trade Debtors
Other debtors
Owing to Restrirted Fund
1,775
1,853
1.775
1,853
6.707
618
3,628
i.628
,i25
12 Creditoys falling due within a year
2024
2024
2024
2023
Ti3de creditors
Other creditors
Hall booking deposits
Accrua15
Taxation and pension cost due
Wage5 due
Deferred hall hire income
i.oii
2.263
i.oii
2,263
2,757
1.428
1.320
199
1,320
199
2,480
688
8.125
12,918
8,125
12,918
9,554
16,907
12

Henderson Hub Company Limited
Notes to the accounts for the year ended 31 March 2024 (continued)
13
Deferred hall hire income
Deferred hall hire income comprises advance booking for the hall.
Balance at l April 2023
Amount released to income
Amount credited in year
Balance at 31 March 2024
9,554
114,9831
13.554
8,12S
14
Analysi5 of charltable funds
Unrestricted fund5
Balance
Balance
I ApTiI
2023
Expendi-
ture
31 March
Income
2024
Unrestrirted funds
36.723
91.680
{85,5751
42,828
Restricted funds
BalaTrte
l April
2023
Balance
Eypendi-
ture
31 March
2024
Income
Capital works
Total restricted funds
33,6(Ki
33.600
12.5741
12,5741
31.626
31,626
600
13

Henderson Hub Company Limited
Notes to the accounts for the year ended 31 March 2024 (continued)
15
Operating leases
The charity had minimum lease payment5 payable under operating leases as set out below.
Not later than a year
Laterthan a year and not later than 5 years
Later than 5 years
1,000
13,000
18,000
14