REGISTERED REGISTERED COMPANY NUMBER: 08733997 (England and Wales) COMPANY NUMBER: 08733997 (England and Wales) REGISTERED REGISTERED CHARITY NUMBER: 1171855 CHARITY NUMBER: 1171855
REPORT REPORT OF THE TRUSTEES AND OF THE TRUSTEES AND FINANCIAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR FOR
HENDERSON HENDERSON HUB COMPANY LIMITED HUB COMPANY LIMITED (A (A COMPANY LIMITED BY GUARANTEE) COMPANY LIMITED BY GUARANTEE)
E E Dessai & Co Limited Dessai & Co Limited Chartered Chartered Accountants Accountants Congress Congress House Office 10 House Office 10 4th Floor, 14 Lyon Road 4th Floor, 14 Lyon Road Harrow Harrow Middlesex Middlesex HA1 2EN HAI 2EN
HENDERSON HENDERSON HUB COMPANY LIMITED HUB COMPANY LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025 FOR THE YEAR ENDED 31 MARCH 2025
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Report Report of the Trustees of the Trustees 1 1 to to 4 4
Independent Examiner's Report Independent Examiner's Report 5 5
Statement of Financial Activities Statement of Financial Activities 6 6
Balance Balance Sheet Sheet 7 7 to to 8 8
Notes Notes to the Financial Statements to the Financial Statements 9 9 to to 16 16
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HENDERSON HUB COMPANY LIMITED (REGISTERED NUMBER: 08733997) HENDERSON HUB COMPANY LIMITED (REGISTERED NUMBER: 08733997) REPORT REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025 FOR THE YEAROF ENDEDTHE TRUSTEES31 MARCH 2025
The The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their 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) accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES OBJECTIVES AND ACTIVITIES
Our Charitable objects are settled with the Charity Commission to be: Our Charitable objects are settled with the Charity Commission to be:
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- The provision of facilities for the use of the inhabitants of Abbots Langley and the neighbourhood thereof, without 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 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. of recreation and leisure time occupation, with the object of improving the conditions of life for the said inhabitants.
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The advancement of the arts for public benefit through the provisions of facilities and other means to enable 2. The advancement of the arts for public benefit through the provisions of facilities and other means to enable participation participation in a wide range of visual, literary and performing arts. in a wide range of visual, literary and performing arts.
Our strategic objectives to achieve this are: Our strategic objectives to achieve this are:
To To provide and encourage use of facilities at the Henderson Hall, including the provision of meeting spaces, arts provide and encourage use of facilities at the Henderson Hall, including the provision of meeting spaces, arts and performance spaces and performance spaces To foster a wide range of activities for Abbots Langley and the neighbourhood 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. 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 The Trustees have complied with the duty specified in Section 4 of the Charities Act 2011 relating to the public benefit requirement of the activities of the Charity and to guidance issued by the Charity Commission. requirement of the activities 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 To manage this, the Trustees regularly review their activities to more effectively achieve objectives and to more readily meet obligations. meet obligations.
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HENDERSON HUB HENDERSON HUB COMPANY LIMITED (REGISTERED NUMBER: 08733997) COMPANY LIMITED (REGISTERED NUMBER: 08733997) REPORT REPORT OF THE TRUSTEES OF THE TRUSTEES FOR FOR THE YEAR ENDED 31 MARCH 2025 THE YEAR ENDED 31 MARCH 2025
ACHIEVEMENT ACHIEVEMENT AND PERFORMANCE AND PERFORMANCE
The Henderson Hub had a very successful year. We started a new strategy last year of expanding the services to we The Henderson Hub had a very successful year. We started a new strategy last year of expanding the services to we offer to the community; this has been a successful formula of increasing our offering to the community while offer to the community; this has been a successful formula of increasing our offering to the community while contributing contributing towards our financial sustainability. towards our financial sustainability.
We We hired two staff members to oversee Elvira's coffee shop. This has enabled Elvira's to open for two more days a week hired two staff members to oversee Elvira's coffee shop. This has enabled Elvira's to open for two more days a week (Tuesdays and Saturdays). Additionally, Elvira's started to offer events for the community eg Quiz nights (Quiz Fizz) (Tuesdays and Saturdays). Additionally, Elvira's started to offer events for the community eg Quiz nights (Quiz Fizz) and afternoon tea. We are currently looking at expanding the Saturday hours to include the lunch service. This and afternoon tea. We are currently looking at expanding the Saturday hours to include the lunch service. This expansion in Elvira's offering to the community has reflected well in contribution to covering our costs. expansion in Elvira's offering to the community has reflected well in contribution to covering our costs.
We also hired a dedicated marketing manager to work along the Hub manager. Initially on payroll, then changed to We also hired a dedicated marketing manager to work along the Hub manager. Initially on payroll, then changed to freelance freelance with the Hub manager's hours increased by 5 hours to total of 20 hours a week to cover some of the marketing with the Hub manager's hours increased by 5 hours to total of 20 hours a week to cover some of the marketing work by the Hub manager while the marketing manager focusses on specialised marketing tasks. Having a dedicated work by the Hub manager while the marketing manager focusses on specialised marketing tasks. Having a dedicated marketing manager significantly improved our social media presence. We increased our Instagram followers and started marketing manager significantly improved our social media presence. We increased our Instagram followers and started posting on TikTok and migrated our website to the .org.uk domain from the .com domain used mainly by commercial posting on TikTok and migrated our website to the .org.uk domain from the .com domain used mainly by commercial organisations. Our marketing efforts also increased the occupancy in the building has resulted in signing new hirers for organisations. Our marketing efforts also increased the occupancy in the building has resulted in signing new hirers for example the family pantomime Rapunzel, and regular hirers eg Hartbeeps. Again this expansion has contributed example the family pantomime Rapunzel, and regular hirers eg Hartbeeps. Again this expansion has contributed financially to our costs. financially to our costs.
We invested into the Hub's building and equipment. We purchased new A3 colour laser printer/copier, new dishwasher, We invested into the Hub's building and equipment. We purchased new A3 colour laser printer/copier, new dishwasher,
new till, new reliable and fast mesh wifi system, new laptop, new iPad to process exhibition payments, new lighting new till, new reliable and fast mesh wifi system, new laptop, new iPad to process exhibition payments, new lighting desk, and various appliances for Elvira's. We also repaired the double-sided clock at the front of the building and desk, and various appliances for Elvira's. We also repaired the double-sided clock at the front of the building and carried out various electrical and lighting upgrades in Elvira's and the main Hall. Additionally, we refurbished the new carried out various electrical and lighting upgrades in Elvira's and the main Hall. Additionally, we refurbished the new dressing room; we replaced the collapsing ceiling, put up new floor, carpeted the stairs leading to the dressing room and dressing room; we replaced the collapsing ceiling, put up new floor, carpeted the stairs leading to the dressing room and furnished it with dressing tables mirrors... etc. The majority of the spending on the building and equipment was covered furnished it with dressing tables mirrors...etc. The majority of the spending on the building and equipment was covered by external funding with minimal impact on our core cashflow. by external funding with minimal impact on our core cashflow.
We also reviewed our operational contracts. We switched all of our utility contracts to new suppliers with better rates We also reviewed our operational contracts. We switched all of our utility contracts to new suppliers with better rates and ensured that we are receiving the appropriate charity discounts. We also cancelled the redundant part of the music and ensured that we are receiving the appropriate charity discounts. We also cancelled the redundant part of the music license covering Elvira’s. The payroll was brought in house. We switch to a new accountant. And we moved our license covering Elvira's. The payroll was brought in house. We switch to a new accountant. And we moved our financial reserves into a teared bond and easy access accounts to earn interest. These operational steps has reduced financial reserves into a teared bond and easy access accounts to earn interest. These operational steps has reduced waste, ensured better service received and contributed to our financial stability. waste, ensured better service received and contributed to our financial stability.
Overall, in the financial year ending 31st March 2025 we had a surplus of over £10k which was added to our reserves. Overall, in the financial year ending 31st March 2025 we had a surplus of over £10k which was added to our reserves.
Resources Resources We have a mix of volunteers and paid staff all of whom make a great and welcome contribution with their enthusiasm We have a mix of volunteers and paid staff all of whom make a great and welcome contribution with their enthusiasm and and energy. We could not do this without all those who provide this support and we want to take this opportunity to say energy. We could not do this without all those who provide this support and we want to take this opportunity to say ‘thank 'thank you' to everyone who has played their part this year. you' to everyone who has played their part this year.
FINANCIAL REVIEW FINANCIAL REVIEW Financial position Financial position The financial year ending 31 March 2025, income was £111,667 (2023/24, £92,280) and expenditure The financial year ending 31 March 2025, income was £111,667 (2023/24, £92,280) and expenditure £100,952(2023/24, £88,149), meaning a surplus of £10,715 was generated (2023/24, £4,131). £100,952(2023/24, £88,149), meaning a surplus of £10,715 was generated (2023/24, £4,131).
Although we budgeted this year to be breaking even, we have managed to turn a comer. This was possibly largely due Although we budgeted this year to be breaking even, we have managed to turn a corner. This was possibly largely due to offering more programs, employing required staffs, savings through supplier negotiation, increasing Elvira's takings to offering more programs, employing required staffs, savings through supplier negotiation, increasing Elvira's takings and generating higher revenue from hall hire and events . We send our gratitude to all Hub stakeholders including our and generating higher revenue from hall hire and events . We send our gratitude to all Hub stakeholders including our members and volunteers who have been working tirelessly to achieve this. We would also like to thank Late Jean Susan members and volunteers who have been working tirelessly to achieve this. We would also like to thank Late Jean Susan Slade Slade Tomson, who lived in Abbots Langley for many years, for a generous donation of £5000 during this financial Tomson, who lived in Abbots Langley for many years, for a generous donation of £5000 during this financial year. year. Despite Despite this year's result, we are predicting a challenging couple of years due to a change in approach from ALPC. Our this year's 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 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 period. Funding therefore needs to be reviewed as a matter of urgency. The development of a funding strategy is underway underway and our new management team have made some developments and suggestions in this area. and our new management team have made some developments and suggestions in this area.
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HENDERSON HENDERSON HUB COMPANY LIMITED (REGISTERED NUMBER: 08733997) HUB COMPANY LIMITED (REGISTERED NUMBER: 08733997) REPORT REPORT OF THE TRUSTEES OF THE TRUSTEES FOR FOR THE YEAR ENDED 31 MARCH 2025 THE YEAR ENDED 31 MARCH 2025
FINANCIAL FINANCIAL REVIEW REVIEW Reserves Reserves
The The Trustees have agreed that the Charity should seek to retain between three and six months of the coming year's Trustees have agreed that the Charity should seek to retain between three and six months of the coming year's expenditure expenditure budget in unrestricted reserves. As at 31 March 2025, unrestricted reserves were £55,516, representing budget in unrestricted reserves. As at 31 March 2025, unrestricted reserves were £55,516, representing more more than six months of planned expenditure for the 2025/26 financial year (expenditure budget for 2025/26 set at than six months of planned expenditure for the 2025/26 financial year (expenditure budget for 2025/26 set at £101,302). £101,302). The Trustees are satisfied that the reserves are adequate at this time The Trustees are satisfied that the reserves are adequate at this time
STRUCTURE, STRUCTURE, GOVERNANCE AND MANAGEMENT GOVERNANCE AND MANAGEMENT Governing Governing document document
Henderson Henderson Hub is a company limited by guarantee, governed by its Articles of Association. It is registered as a charity Hub is a company limited by guarantee, governed by its Articles of Association. It is registered as a charity with with the Charity Commission. Membership is open to persons who support the aims and objectives of the Charity and the Charity Commission. Membership is open to persons who support the aims and objectives of the Charity and who who are willing to pay the annual subscription, subject to approval by the Directors. Each Member has agreed to are willing to pay the annual subscription, subject to approval by the Directors. Each Member has agreed to contribute contribute £10 (ten pound only) in the event of the Charity winding up £10 (ten pound only) in the event of the Charity winding up
Recruitment Recruitment and appointment of new trustees and appointment of new trustees
As As set out in the Articles of Association Trustees and Directors are elected at the Annual General Meeting with one set out in the Articles of Association Trustees and Directors are elected at the Annual General Meeting with one third third retiring each year and a need for four or more retiring each year and a need for four or more
Organisation Organisation
The The Hub manager's is responsible for arranging hall hires and overseeing other responsibilities in the Hub. The Hub manager's is responsible for arranging hall hires and overseeing other responsibilities in the Hub. The marketing marketing manager is responsible for promoting the building, Elvira's and the events held. Elvira's Manager is manager is responsible for promoting the building, Elvira's and the events held. Elvira's Manager is responsible responsible for Elvira's. for Elvira's.
The The Board of Trustees meets quarterly, or more frequently as the need arises. Board meetings consider reports from the Board of Trustees meets quarterly, or more frequently as the need arises. Board meetings consider reports from the Hub Hub Manager and Elvira's Manager and reviews more strategic issues including compliance, governance and future Manager and Elvira's Manager and reviews more strategic issues including compliance, governance and future strategy. strategy.
Induction Induction and training of new trustees and training of new trustees
Trustees Trustees have developed (with mixed success it must be said) procedures for the recruitment, induction and training of have developed (with mixed success it must be said) procedures for the recruitment, induction and training of new new Trustees. Trustees.
Prospective Prospective Trustees are introduced to Henderson Hub by means of discussion and acting as an Observer alongside Trustees are introduced to Henderson Hub by means of discussion and acting as an Observer alongside existing existing Trustees before appointment; this assists with understanding the objects of the charity and the role of Trustees. Trustees before appointment; this assists with understanding the objects of the charity and the role of Trustees.
Related Related parties parties
The The Charity has a close relationship with Abbots Langley Parish Council, who act as the Custodian Trustees of the Charity has a close relationship with Abbots Langley Parish Council, who act as the Custodian Trustees of the Henderson Henderson Hall, and with the Henderson Memorial Hall Trustees who are a registered charity and act as the Hall, and with the Henderson Memorial Hall Trustees who are a registered charity and act as the Management Management Trustees. These parties act as the landlord for the Henderson Hub Company lease over the Henderson Hall Trustees. These parties act as the landlord for the Henderson Hub Company lease over the Henderson Hall
Risk Risk management management
The The Trustees have in place a number of policies and procedures to manage risk. These are kept under periodic review Trustees have in place a number of policies and procedures to manage risk. These are kept under periodic review with with operational matters, health and safety and financial risk a subject matter at each quarterly meeting. Directors are operational matters, health and safety and financial risk a subject matter at each quarterly meeting. Directors are involved involved in banking activity, staff engagement and any longer-term contract, such as the leasehold tenure of Henderson in banking activity, staff engagement and any longer-term contract, such as the leasehold tenure of Henderson Hall. Hall. The The Trustees also ensure that full insurance is in place and review the requirements annually and as required should Trustees also ensure that full insurance is in place and review the requirements annually and as required should circumstances circumstances change. change.
REFERENCE REFERENCE AND ADMINISTRATIVE DETAILS AND ADMINISTRATIVE DETAILS Registered Registered Company number Company number 08733997 08733997 (England and Wales) (England and Wales)
Registered Registered Charity number Charity number 1171855 1171855
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HENDERSON HUB COMPANY LIMITED (REGISTERED NUMBER: 08733997) HENDERSON HUB COMPANY LIMITED (REGISTERED NUMBER: 08733997)
REPORT REPORT OF THE TRUSTEES OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FOR THE YEAR ENDED 31 MARCH 2025
Registered Registered office office
C/o C/o Edessai & Co Congress House Edessai & Co Congress House
14 14 Lyon Road, Office 10, 4th Floor Lyon Road, Office 10, 4th Floor
Harrow Harrow Middlesex Middlesex HA1 HA1 2EN 2EN
Trustees Trustees SMA S M A Hoque Director Hogue Director J J C James Director C James Director
S Nakhal Director S Nakhal Director S A Watts Director S A Watts Director
T T G R Marshall Director (resigned 4.1.25) GR Marshall Director (resigned 4.1.25)
T T M Sidaway Trustee (resigned 7.11.24) M Sidaway Trustee (resigned 7.11.24)
Company Company Secretary Secretary
Independent Independent Examiner Examiner
Elias Elias Dessai ACA Dessai ACA
E E Dessai & Co Limited Dessai & Co Limited Chartered Chartered Accountants Accountants Congress Congress House Office 10 House Office 10 4th 4th Floor, 14 Lyon Road Floor, 14 Lyon Road Harrow Harrow Middlesex Middlesex HA1 HA1 2EN 2EN Approved Approved by order of the board of trustees on by order of the board of trustees on AW) \Lor5. and and signed on its behalf by: signed on its behalf by:
and signed on its behalf by:
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INDEPENDENT INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EXAMINER'S REPORT TO THE TRUSTEES OF HENDERSON HENDERSON HUB COMPANY LIMITED HUB COMPANY LIMITED
Independent Independent examiner's report to the trustees of Henderson Hub Company Limited ('the Company') examiner's report to the trustees of Henderson Hub Company Limited (‘the Company’) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities Responsibilities and basis of report and basis of report
As As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the 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. Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent Independent examiner's statement examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the I have completed my examination. I confirm that no matters have come to my attention in connection with the examination examination giving me cause to believe: giving me cause to believe:
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; accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. 2. the accounts do not accord with those records; or the accounts do not accord with those records; or 3: 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an requirement that the accounts give a true and fair view which is not a matter considered as part of an independent independent examination; or examination; or
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- the accounts have not been prepared in accordance with the methods and principles of the Statement of the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Recommended Practice for accounting and reporting by charities (applicable to charities preparing their Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS (FRS 102)). 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should I have no concerns and have come across no other matters in connection with the examination to which attention should be be drawn in this report in order to enable a proper understanding of the accounts to be reached. drawn in this report in order to enable a proper understanding of the accounts to be reached.
Elias Dessai ACA Elias Dessai ACA The Association of Chartered Certified Accountants The Association of Chartered Certified Accountants
E E Dessai & Co Limited Dessai & Co Limited Chartered Accountants Chartered Accountants Congress Congress House Office 10 House Office 10 4th Floor, 14 Lyon Road 4th Floor, 14 Lyon Road Harrow Harrow Middlesex Middlesex HA1 HA1 2EN 2EN Date:..........1.?../..!..'./. Date: sneha cD
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HENDERSON HENDERSON HUB COMPANY LIMITED HUB COMPANY LIMITED
STATEMENT STATEMENT OF FINANCIAL ACTIVITIES OF FINANCIAL ACTIVITIES FOR FOR THE YEAR ENDED 31 MARCH 2025 THE YEAR ENDED 31 MARCH 2025
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|2025|2025|2024|2024|
|Unrestricted|Unrestricted|Restricted|Restricted|Total|Total|Total|Total|
|fund|fund|fund|fund|funds|funds|funds|funds|
|Notes|Notes|£|£|£|£|£|£|£|£|
|INCOME|INCOME AND ENDOWMENTS FROM|AND ENDOWMENTS FROM|
|Donations|Donations and legacies|and|legacies|2|2|7,463|7,463|24,279|24,279|31,742|31,742|22,689|22,689|
|Charitable|Charitable activities|activities|4|4|
|-|
|Charitable|Charitable activity|activity|77,725|77,725|-|77,725|77,725|69,580|69,580|
|Investment|Investment income|income|3|3|2,200|2,200|-|-|2,200|2,200|11|11|
|Total|Total|87,388|87,388|24,279|24,279|111,667|111,667|92,280|92,280|
|EXPENDITURE ON|EXPENDITURE|ON|
|Charitable|Charitable activities|activities|5|5|
|Charitable|Charitable activity|activity|74,700|74,700|26,252|26,252|100,952|100,952|85,575|85,575|
|-|-|-|
|Charitable|Charitable activity restricted|activity|restricted|-|-|-|2,574|2,574|
|Total|Total|74,700|74,700|26,252|26,252|100,952|100,952|88,149|88,149|
|NET|NET INCOME/(EXPENDITURE)|INCOME/(EXPENDITURE)|12,688|12,688|(1,973)|(1,973)|10,715|10,715|4,131|4,131|
|RECONCILIATION OF FUNDS|RECONCILIATION|OF|FUNDS|
|Total|Total funds brought forward|funds brought|forward|42,828|42,828|31,626|31,626|74,454|74,454|70,323|70,323|
|TOTAL|TOTAL FUNDS CARRIED FORWARD|FUNDS CARRIED FORWARD|55,516|55,516|29,653|29,653|85,169|85,169|74,454|74,454|
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The The notes form part of these financial statements notes form part of these financial statements
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HENDERSON HUB COMPANY LIMITED (REGISTERED NUMBER: 08733997) HENDERSON HUB COMPANY LIMITED (REGISTERED NUMBER: 08733997)
BALANCE BALANCE SHEET SHEET 31 MARCH 2025 31 MARCH 2025
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|2025|2025|2024|2024|
|Unrestricted|Unrestricted|Restricted|Restricted|Total|Total|Total|Total|
|fund|fund|fund|fund|funds|funds|funds|funds|
|Notes|Notes|£|£|£|£|£|£|£|£|
|FIXED|FIXED ASSETS|ASSETS|
|Tangible|Tangible assets|assets|11|11|3,074|3,074|29,653|29,653|32,727|32,727|31,629|31,629|
|CURRENT|CURRENT ASSETS|ASSETS|
|Stocks|Stocks|12|12|750|750|-|750|750|200|200|
|Debtors|Debtors|13|13|3,802|3,802|-|-|3,802|3,802|1,925|1,925|
|Prepayments|Prepayments and accrued income|and|accrued|income|1,480|1,480|-|-|1,480|1,480|1,703|1,703|
|Cash at bank and in hand|Cash|at bank|and|in hand|65,109|65,109|-|-|65,109|65,109|51,914|51,914|
|71,141|71,141|-|-|71,141|71,141|55,742|55,742|
|CREDITORS|CREDITORS|
|Amounts|Amounts falling due within one year|falling|due|within|one|year|14|14|(18,699)|(18,699)|-|-|(18,699)|(18,699)|(12,917)|(12,917)|
|NET CURRENT ASSETS|NET CURRENT ASSETS|52,442|52,442|:|52,442|52,442|42,825|42,825|
|TOTAL ASSETS LESS CURRENT|TOTAL|ASSETS|LESS|CURRENT|
|LIABILITIES|LIABILITIES|55,516|55,516|29,653|29,653|85,169|85,169|74,454|74,454|
|NET ASSETS|NET ASSETS|55,516|55,516|29,653|29,653|85,169|85,169|74,454|74,454|
|FUNDS|FUNDS|16|16|
|Unrestricted|Unrestricted funds:|funds:|
|Unrestricted fund|Unrestricted|fund|55,516|55,516|42,828|42,828|
|Restricted|Restricted funds:|funds:|
|Restricted Fund|Restricted|Fund|29,653|29,653|31,626|31,626|
|TOTAL FUNDS|TOTAL FUNDS|85,169|85,169|74,454|74,454|
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The The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended ended 31 March 2025. 31 March 2025.
The The members have not required the company to obtain an audit of its financial statements for the year ended members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
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The The trustees acknowledge their responsibilities for trustees acknowledge their responsibilities for
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(a) (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and Companies Act 2006 and
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(b) (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 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 charitable company. 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements The notes form part of these financial statements
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continued... continued...
HENDERSON HUB COMPANY LIMITED (REGISTERED NUMBER: 08733997) HENDERSON HUB COMPANY LIMITED (REGISTERED NUMBER: 08733997)
BALANCE BALANCE SHEET - continued SHEET- continued 31 31 MARCH 2025 MARCH 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject subject to the small companies regime. to the small companies regime.
The The financial financial statements statements were were approved approved by by the the Board of Trustees Board of Trustees and and authorised authorised for for issue issue on on AGM} ..... I yy j 2005 ....... and and were signed on its behalf by: were signed on its behalf by:
The notes form part of these financial statements The notes form part of these financial statements
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HENDERSON HENDERSON HUB COMPANY LIMITED HUB COMPANY LIMITED NOTES NOTES TO THE FINANCIAL STATEMENTS TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR THE YEAR ENDED 31 MARCH 2025
1. 1. ACCOUNTING POLICIES ACCOUNTING POLICIES
Basis Basis of preparing the financial statements of preparing the financial statements
The The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. convention. Income Income All All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it 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. is probable that the income will be received and the amount can be measured reliably.
Expenditure Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been been classified under headings that aggregate all cost related to the category. Where costs cannot be directly 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 attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. resources.
Tangible fixed assets Tangible fixed assets
Depreciation Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful is provided at the following annual rates in order to write off each asset over its estimated useful life. life.
Leasehold property fixture and fitting at 7% of written down value and for equipment over the 3 years from the Leasehold property fixture and fitting at 7% of written down value and for equipment over the 3 years from the date date of purchase. of purchase.
Stocks Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving moving items. items.
Taxation Taxation The The charity is exempt from corporation tax on its charitable activities. charity is exempt from corporation tax on its charitable activities.
Fund accounting Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 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. 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. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 9 Page 9
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HENDERSON HENDERSON HUB COMPANY LIMITED HUB COMPANY LIMITED NOTES NOTES TO THE FINANCIAL STATEMENTS - continued TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 FOR THE YEAR ENDED 31 MARCH 2025
2 2 . DONATIONS AND LEGACIES DONATIONS AND LEGACIES
| 2025 2025 |
2024 2024 |
||||
|---|---|---|---|---|---|
| Unrestricted Unrestricted |
Restricted Restricted |
Total Total |
Total Total |
||
| funds funds |
funds funds |
funds funds |
funds funds |
||
| £ £ |
£ £ |
£ £ |
£ £ |
||
| Donations Donations |
6,099 6,099 |
- - |
6,099 6,099 |
2,089 2,089 |
|
| Grants Grants |
1,364 1,364 |
24,279 24,279 |
25,643 25,643 |
20,600 20,600 |
|
| 7,463 7,463 |
24,279 24,279 |
31,742 31,742 |
22,689 22,689 |
||
| Unrestricted Unrestricted |
Restricted Restricted |
||||
| Funds Funds |
Funds Funds |
Total funds Total funds |
Total Total |
||
| Income from Grant includes Income from Grant includes |
2025 2025 |
2025 2025 |
2025 2025 |
2024 2024 |
|
| £ £ |
£ £ |
£ £ |
£ £ |
||
| Abbots Langley Parish Council Abbots Langley Parish Council |
764 764 |
22,629 22,629 |
23,393 23,393 |
20,000 20,000 |
|
| Three Rivers District Council Three Rivers District Council |
600 600 |
1,650 1,650 |
2,250 2,250 |
600 600 |
|
| 1,364 1,364 |
24,279 24,279 |
25,643 25,643 |
20,600 20,600 |
Restricted grant for the year are made up of £22,629 received from Abbots Langley Parish Council for funding Restricted grant for the year are made up of £22,629 received from Abbots Langley Parish Council for funding of marketing and advertisement activity, help with running of Elvira's cafe, Interior and Exterior lighting and of marketing and advertisement activity, help with running of Elvira's café, Interior and Exterior lighting and Interior Interior decoration of Upstairs at Hub-Workshop refurbishment work, and £1650 received from Three Rivers decoration of Upstairs at Hub-Workshop refurbishment work, and £1650 received from Three Rivers District Council towards insulation project of building and the community facilities. District Council towards insulation project of building and the community facilities.
3. 3. INVESTMENT INCOME INVESTMENT INCOME
| INVESTMENT INCOME INVESTMENT INCOME |
||||
|---|---|---|---|---|
| 2025 2025 |
2024 2024 |
|||
| Unrestricted Unrestricted |
Restricted Restricted |
Total Total |
Total Total |
|
| funds funds |
funds funds |
funds funds |
funds funds |
|
| £ £ |
£ £ |
£ £ |
£ £ |
|
| Deposit account interest Deposit account interest |
2,200 2,200 |
____: - |
2,200 2,200 |
11 11 |
| INCOME FROM CHARITABLE ACTIVITIES INCOMEFROM CHARITABLE ACTIVITIES |
||||
| 2025 2025 |
2024 2024 |
|||
| Charitable Charitable |
Total Total |
|||
| activity activity |
activities activities |
|||
| £ £ |
£ £ |
|||
| Income from hall hire Income from hall hire |
18,427 18,427 |
14,983 14,983 |
||
| Income from upstairs room hire Income from upstairsroom hire |
5,040 5,040 |
3,030 3,030 |
||
| Coffee Shop taking Coffee Shop taking |
36,416 36,416 |
31,912 31,912 |
||
| Bar taking Bartaking |
7,908 7,908 |
9,509 9,509 |
||
| Company membership fee Company membership fee |
510 510 |
380 380 |
||
| Event income Event income |
9,364 9,364 |
9,726 9,726 |
||
| Associate Member fee Associate Member fee |
60 60 |
40 40 |
||
| 77,725 77,725 |
69,580 69,580 |
INCOME INCOME FROM CHARITABLE ACTIVITIES FROM CHARITABLE ACTIVITIES
Page Page 10 10
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HENDERSON HENDERSON HUB COMPANY LIMITED HUB COMPANY LIMITED NOTES NOTES TO THE FINANCIAL STATEMENTS - continued TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 FOR THE YEAR ENDED 31 MARCH 2025
5. 5. CHARITABLE CHARITABLE ACTIVITIES COSTS ACTIVITIES COSTS
| CHARITABLE ACTIVITIES COSTS CHARITABLE ACTIVITIES COSTS |
|||
|---|---|---|---|
| Direct Direct |
Support Support |
||
| Costs (see Costs (see |
costs (see costs (see |
||
| note 6) note 6) |
note 7) note 7) |
Totals Totals |
|
| £ £ |
£ £ |
£ £ |
|
| Charitable activity Charitableactivity |
100,961 100,961 |
(9) (9) |
100,952 100,952 |
DIRECT DIRECT COSTS OF CHARITABLE ACTIVITIES COSTS OF CHARITABLE ACTIVITIES
| Unrestricted Unrestricted |
Unrestricted Unrestricted |
Restricted Restricted |
Restricted Restricted |
|||||
|---|---|---|---|---|---|---|---|---|
| Funds Funds |
Funds Funds |
Total funds Total funds |
Total Total |
|||||
| 2025 2025 |
2025 2025 |
2025 2025 |
2024 2024 |
|||||
| £ £ |
£ £ |
£ £ |
£ £ |
|||||
| Staff costs Rent, Rates and water Insurance Staffcosts Rent, Ratesandwater Insurance |
24,812 1,996 3,038 24,812 1,996 3,038 |
8,100 0 0 8,100 0 0 |
32,912 1,996 3,038 32,912 1,996 3,038 |
29,870 472 2,786 29,870 472 2,786 |
||||
| Light and heat Light and heat |
5,807 5,807 |
0 0 |
5,807 5,807 |
7,141 7,141 |
||||
| Telephone Telephone |
1,021 1,021 |
0 0 |
1,021 1,021 |
1,116 1,116 |
||||
| Postage and stationery Postage and stationery |
2 2 |
0 0 |
2 2 |
226 226 |
||||
| Advertising Advertising |
863 863 |
1,000 1,000 |
1,863 1,863 |
752 752 |
||||
| Sundries Sundries |
117 117 |
0 0 |
117 117 |
78 78 |
||||
| Bar Stock Bar Stock |
3,333 3,333 |
0 0 |
3,333 3,333 |
4,095 4,095 |
||||
| Licencing Licencing |
1,074 1,074 |
0 0 |
1,074 1,074 |
1,818 1,818 |
||||
| Cafe consumables Cafe consumables |
13,264 13,264 |
0 0 |
13,264 13,264 |
10,687 10,687 |
||||
| Event Production Event Production |
2,818 2,818 |
2,000 2,000 |
4,818 4,818 |
4,068 4,068 |
||||
| Film hire cost Film hire cost |
680 680 |
0 0 |
680 680 |
1,781 1,781 |
||||
| Materials for events Materials for events |
75 75 |
0 0 |
75 75 |
9 9 |
||||
| Hire of hall Hire ofhall |
115 115 |
0 0 |
115 115 |
265 265 |
||||
| Removal of trade waste Removal oftrade waste |
936 936 |
0 0 |
936 936 |
915 915 |
||||
| Maintenance Maintenance |
4,547 4,547 |
12,608 12,608 |
17,155 17,155 |
7,058 7,058 |
||||
| Small equipment Small equipment |
460 460 |
420 420 |
880 880 |
1,894 1,894 |
||||
| Professional fee Professional fee |
8,446 8,446 |
0 0 |
8,446 8,446 |
9,965 9,965 |
||||
| Bad debts Bad debts |
55 55 |
0 0 |
55 55 |
1,146 1,146 |
||||
| Depreciation Depreciation |
1,400 1,400 |
1,974 1,974 |
3,3374 3,3374 |
2,007 2,007 |
||||
| 74,859 74,859 |
26,102 26,102 |
100,961 100,961 |
88,149 88,149 |
7. 7. SUPPORT COSTS SUPPORT COSTS
Finance Finance
Charitable activity Charitable activity
Page 11 Page 11
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HENDERSON HENDERSON HUB COMPANY LIMITED HUB COMPANY LIMITED
NOTES NOTES TO THE FINANCIAL STATEMENTS - continued TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR THE YEAR ENDED 31 MARCH 2025continued
7. 7. SUPPORT SUPPORT COSTS - continued COSTS- continued
Support Support costs, included in the above, are as follows: costs, included in the above, are as follows:
Finance Finance
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|||||||||
|---|---|---|---|---|---|---|---|
|2025|2025|2024|2024|
|Charitable|Charitable|Total|Total|
|activity|activity|activities|activities|
|£|£|
|Bank|Bank charges|charges|(9)|-|
|8.|8.|NET|NET INCOME/(EXPENDITURE)|INCOME/(EXPENDITURE)|
|Net|Net income/(expenditure) is stated after charging/(crediting):|income/(expenditure)|is|stated|after|charging/(crediting):|
|2025|2025|2024|2024|
|©|£|£|£|
|Depreciation|Depreciation - owned assets|- owned|assets|3,373|3,373|2,007|2,007|
----- End of picture text -----
9. 9. TRUSTEES' TRUSTEES' REMUNERATION AND BENEFITS REMUNERATION AND BENEFITS
There There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 31 March 2024. March 2024.
Trustees' Trustees' expenses expenses
There There were no were no _ trustees’ trustees' expenses paid expenses paid for for the year ended 31 March 2025 the year ended 31 March 2025 nor nor for the for the year ended year ended 31 31 March 2024. March 2024.
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|.COMPARATIVES|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|FOR THE|STATEMENT|OF|FINANCIAL|ACTIVITIES|
|Unrestricted|Unrestricted|Restricted|Restricted|Total|Total|
|fund|fund|fund|fund|funds|funds|
|£|£|£|£|£|£|
|INCOME|INCOME AND ENDOWMENTS FROM|AND|ENDOWMENTS|FROM|
|Donations|Donations and legacies|and|legacies|22,089|22,089|600|600|22,689|22,689|
|Charitable|Charitable activities|activities|
|Charitable|Charitable activity|activity|69,580|69,580|-|-|69,580|69,580|
|Investment|Investment income|income|11|11|-|-|11|11|
|Total|Total|91,680|91,680|600|600|92,280|92,280|
|EXPENDITURE|EXPENDITURE ON|ON|
|Charitable|Charitable activities|activities|
|Charitable|Charitable activity|activity|85,575|85,575|-|85,575|85,575|
|-|
|Charitable|Charitable activity restricted|activity|restricted|-|2,574|2,574|2,574|2,574|
|Total|Total|85,575|85,575|2,574|2,574|88,149|88,149|
|NET|NET INCOME/(EXPENDlTURE)|INCOME/(EXPENDITURE)|6,105|6,105|(1,974)|(1,974)|4,131|4,131|
----- End of picture text -----
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continued... continued...
Page Page 12 12
HENDERSON HENDERSON HUB COMPANY LIMITED HUB COMPANY LIMITED NOTES NOTES TO THE FINANCIAL STATEMENTS - continued TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 FOR THE YEAR ENDED 31 MARCH 2025
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FORTHE STATEMENTOFFINANCIALACTIVITIES- continued |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FORTHE STATEMENTOFFINANCIALACTIVITIES- continued |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FORTHE STATEMENTOFFINANCIALACTIVITIES- continued |
|
|---|---|---|---|
| Unrestricted Unrestricted |
Restricted Restricted |
Total Total |
|
| fund fund |
fund fund |
funds funds |
|
| £ £ |
£ £ |
£ £ |
|
| RECONCILIATION OF FUNDS RECONCILIATION OF FUNDS |
|||
| Total funds brought forward Total fundsbrought forward |
36,723 36,723 |
33,600 33,600 |
70,323 70,323 |
| TOTAL FUNDS CARRIED FORWARD TOTAL FUNDSCARRIED FORWARD |
42,828 42,828 |
31,626 31,626 |
74,454 74,454 |
| TANGIBLE FIXED ASSETS TANGIBLE FIXED ASSETS |
|||
| Long Long |
Plant and Plantand |
||
| leasehold leasehold |
machinery machinery |
Totals Totals |
|
| £ £ |
£ £ |
£ £ |
|
| COST COST |
|||
| At 1 April 2024 At 1 April 2024 |
45,393 45,393 |
9,347 9,347 |
54,740 54,740 |
| Additions Additions |
- - |
4,471 4,471 |
4,471 4,471 |
| At 31 March 2025 At 31 March 2025 |
45,393 45,393 |
13,818 13,818 |
59,211 59,211 |
| DEPRECIATION DEPRECIATION |
|||
| At 1 April 2024 At 1 April 2024 |
13,767 13,767 |
9,344 9,344 |
23,111 23,111 |
| Charge for year Charge foryear |
1,973 1,973 |
1,400 1,400 |
3,373 3,373 |
| At 31 March 2025 At 31 March 2025 |
15,740 15,740 |
10,744 10,744 |
26,484 26,484 |
| NET BOOK VALUE NET BOOKVALUE |
|||
| At 31 March 2025 At 31 March 2025 |
29,653 29,653 |
3,074 3,074 |
32,727 32,727 |
| At 31 March 2024 At 31 March 2024 |
31,626 31,626 |
_____3 3 |
31,629 31,629 |
| STOCKS STOCKS |
|||
| 2025 2025 |
2024 2024 |
||
| £ £ |
£ £ |
||
| Bar Stock Bar Stock |
750 750 |
200 200 |
|
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|||
| 2025 2025 |
2024 2024 |
||
| £ £ |
£ £ |
||
| Trade debtors Trade debtors |
3,652 3,652 |
1,775 1,775 |
|
| Other debtors Other debtors |
150 150 |
150 150 |
|
| 3,802 3,802 |
1,925 1,925 |
Page Page 13 13
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HENDERSON HUB COMPANY LIMITED HENDERSON HUB COMPANY LIMITED NOTES NOTES TO THE FINANCIAL STATEMENTS - continued TO THE FINANCIAL STATEMENTS- continued FOR FOR THE YEAR ENDED 31 MARCH 2025 THE YEAR ENDED 31 MARCH 2025
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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|14.|14.|CREDITORS:|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|AMOUNTS|FALLING|DUE|WITHIN|ONE YEAR|
|2025|2025|2024|2024|
|3|£|£|£|
|Bank|Bank loans and overdrafts (see note 15)|loans|and|overdrafts|(see|note|15)|4,135|4,135|2,263|2,263|
|Trade|Trade creditors|creditors|1,973|1,973|1,011|1,011|
|Social|Social security and other taxes|security|and|other|taxes|431|431|126|126|
|Pension|Pension payable|payable|80|80|73|73|
|Accrued|Accrued expenses|expenses|1,800|1,800|1,320|1,320|
|Deferred|Deferred Hall Hire income|Hall|Hire|income|10,280|10,280|8,124|8,124|
|18,699|18,699|12,917|12,917|
|15.|15.|LOANS|LOANS|
|An analysis of the maturity of loans is given below:|An|analysis|of the|maturity|of loans|is|given|below:|
|2025|2025|2024|2024|
|£|£|£|£|
|Amounts falling due within one year on demand:|Amounts|falling due|within|one|year|on|demand:|
|Credit|Credit card|card|4,135|4,135|2,263|2,263|
|16.|16.|MOVEMENT|MOVEMENT IN FUNDS|IN|FUNDS|
|Net|Net|
|movement|movement|At|At|
|At|At 1.4.24|1.4.24|in|in funds|funds|31325|31.3.25|
|£|£|£|£|£|£|
|Unrestricted funds|Unrestricted|funds|
|Unrestricted|Unrestricted fund|fund|42,828|42,828|12,688|12,688|55,516|55,516|
|Restricted funds|Restricted|funds|
|Restricted|Restricted Fund|Fund|31,626|31,626|(1,973)|(1,973)|29,653|29,653|
|TOTAL|TOTAL FUNDS|FUNDS|74,454|74,454|10,715|10,715|85,169|85,169|
|Net|Net movement in funds, included in the above are as follows:|movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Incoming|Resources|Resources|Movement|Movement|
|resources|resources|expended|expended|in|in funds|funds|
|£|£|£|£|£|£|
|Unrestricted funds|Unrestricted|funds|
|Unrestricted fund|Unrestricted|fund|87,388|87,388|(74,700)|(74,700)|12,688|12,688|
|Restricted|Restricted funds|funds|
|Restricted|Restricted Fund|Fund|24,279|24,279|(26,252)|(26,252)|(1,973)|(1,973)|
|TOTAL|TOTAL FUNDS|FUNDS|111,667|111,667|(100,952)|(100,952)|10,715|10,715|
----- End of picture text -----
Page 14 Page 14
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HENDERSON HENDERSON HUB COMPANY LIMITED HUB COMPANY LIMITED NOTES NOTES TO THE FINANCIAL STATEMENTS - continued TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 FOR THE YEAR ENDED 31 MARCH 2025
16. 16. MOVEMENT MOVEMENT IN FUNDS - continued IN FUNDS- continued
Comparatives Comparatives for movement in funds for movement in funds
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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Net|Net|
|movement|movement|At|At|
|At 1.4.23|At|1.4.23|in|in funds|funds|31.3.24|31.3.24|
|£|£|£|£|£|£|
|Unrestricted|Unrestricted funds|funds|
|Unrestricted fund|Unrestricted|fund|36,723|36,723|6,105|6,105|42,828|42,828|
|Restricted|Restricted funds|funds|
|Restricted|Restricted Fund|Fund|33,600|33,600|(1,974)|(1,974)|31,626|31,626|
|TOTAL FUNDS|TOTAL|FUNDS|70,323|70,323|4,131|4,131|74,454|74,454|
|Comparative|Comparative net movement in funds, included in the above are as follows:|net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Incoming|Resources|Resources|Movement|Movement|
|resources|resources|expended|expended|in|in funds|funds|
|£|£|£|£|£|£|
|Unrestricted|Unrestricted funds|funds|
|Unrestricted fund|Unrestricted|fund|91,680|91,680|(85,575)|(85,575)|6,105|6,105|
|Restricted|Restricted funds|funds|
|Restricted|Restricted Fund|Fund|600|600|(2,574)|(2,574)|(1,974)|(1,974)|
|TOTAL FUNDS|TOTAL FUNDS|92,280|92,280|(88,149)|(88,149)|4,131|4,131|
----- End of picture text -----
A current year 12 months and prior year 12 months combined position is as follows: A current year 12 months and prior year 12 months combined position is as follows:
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|Net|Net|
|movement|movement|At|At|
|At|At 1.4.23|1.4.23|in funds|in|funds|31.3.25|31.3.25|
|£|£|£|£|£|£|
|Unrestricted|Unrestricted funds|funds|
|Unrestricted fund|Unrestricted|fund|36,723|36,723|18,793|18,793|55,516|55,516|
|Restricted funds|Restricted|funds|
|Restricted|Restricted Fund|Fund|33,600|33,600|(3,947)|(3,947)|29,653|29,653|
|TOTAL|TOTAL FUNDS|FUNDS|70,323|70,323|14,846|14,846|85,169|85,169|
----- End of picture text -----
Page Page 15 15
continued... continued...
HENDERSON HUB COMPANY LIMITED HENDERSON HUB COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued NOTES TO THE FINANCIAL STATEMENTS- continued FOR FOR THE YEAR ENDED 31 MARCH 2025 THE YEAR ENDED 31 MARCH 2025
16. 16. MOVEMENT MOVEMENT IN FUNDS - continued IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: as follows:
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Incoming|Incoming|Resources|Resources|Movement|Movement|
|resources|resources|expended|expended|in|in funds|funds|
|£|£|£|£|£|£|
|Unrestricted funds|Unrestricted|funds|
|Unrestricted|Unrestricted fund|fund|179,068|179,068|(160,275)|(160,275)|18,793|18,793|
|Restricted|Restricted funds|funds|
|Restricted|Restricted Fund|Fund|24,879|24,879|(28,826)|(28,826)|(3,947)|(3,947)|
|TOTAL|TOTAL FUNDS|FUNDS|203,947|203,947|(189,101)|(189,101)|14,846|14,846|
----- End of picture text -----
17. 17. RELATED RELATED PARTY DISCLOSURES PARTY DISCLOSURES
There There were no related party transactions for the year ended 31 March 2025. were no related party transactions for the year ended 31 March 2025.
Page Page 16 16