Charlty RegIstr¢)n No. 1175385 SOUTH ESSEX COMMUNITY HUB ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
SOUTH ESSEX COMMUNITY HUB LEGAL AND ADMINISTRATIVE INFORMATION TNst• J Hindley M Clark O'Neil G Sandfrird D Solli$ T Taylor J Pennington (Appointed 20 July 20221 (Appointed 20 May 20221 (Appointed 1 May 20221 IAppoinl8d 20 April 20221 Charlty numb•r 1175385 Prlnclpal addr• 324-325 char11 Squa Soulhond on Sèa E888X SS2 SSP Ind•p•nd•nt •xamln•r P Aslafford FCCA 457 Souththurth Road Southgnd Soa Ess8x SS12PH
SOUTH ESSEX COMMUNITY HUB CONTENTS Pag• Trustees report Stal8m8nl of Trusloos r8sponslbilitioS Independent examin&rfs rgport Statgmont of ffinan¢ial aotiwties Balanca 8he•l Noto8 to tho finon¢io18t8t&m&nt$ 8-17
SOUTH ESSEX COMMUNITY HUB TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022 Th8 trustèes presènt their annual report and financial slatemènls for thè year ended 31 March 2022. The financial statements have been prepargd In accordanc8 with th6 accounting pollcles set out in note I to the finan¢lal stslemenls and comply with the charity's goveming documenl, the Charities Act 2011 and 'Accounting and Reporting by Charili85'. Statement of Recommended Pr8cti¢8 applicable to charities preparing Ihelr accounts in acmrdance wlth the Financial Repoiting Standard applicable in thg UK and Republlc ol Ireland IFRS 1021. laffeclivo 1 January 20191. Thè charlty18 reglsler•d England and Walgs under rgglslrafjon numbèr 1186951. Oblo¢tlv•s and a¢tlvltl•$ We're here lo promote and 8tr8ngthen community cohesion and to lend a helping hand through.. 0Sgital Incluslon Help to acce$$ lo1 $gNS¢es - Employabilhy 8UPPOrt and advice . Promotion of posSUve mantal w&llbaSng and physkal h&aith - Aclivilie$ for children and young pèopl Inlormabon on the management ol debt and to help lo improvo finandal ¢8pabillty - Volunleorlng opportunltlos Publ1¢ B•n•fft The TnJ8tees confim Ihit Ihtry have compllod with the duty In 8gcllon 17{Sl of the Charflle8 Act 2011 with regards 10 tho Chorille$ Commission guklance on public bonefil when r&vi6wlng the charlty's alms and objoctiva$ and planning future 8clivitl8s. Having regard lo Iho activi11gs ond achigvgmgnts of the chanty tha Tru8lee8 are of tho opinion th41 It conllnugs lo luMI ils cttar6tabl8 purpose. A¢hl•¥•m•nt• and p•rformanc• The charity has ntinUed lo deliver hlglFquallty $8rvlcè8 to thè lo1 eommunlty throughout th• ar. Our community Hub offer has supported engagement wlh over 4800 people. Our cora offer of Digi181 Inclusion ha8 supportei12102 peopl$ in the year. 56% of SECH servi¢8 usars have Ilttle or no access to thè inlernel., our proposal provides vStal support lo help people access digital services In Soulh8nd. Over 50% of ouf sgrvlco users live inwards ol high Social Deprivation within th8 top 10¥• Nallonally. The other prominent areas of Support ar6 Housing, Benefit and Job Support. Wè hav8 SUPPOrt8d ovar 160 émèrgèney food vouehèrs 8$ part ol the Southend Food Bank nefvrk. SECH has worked and developed its Youth Offèr In the North Road cha1, Wé art in the second year of Its developmenl. Our Youth offer ha5 had over 1100 engagements in the year., we are providing activiiles Monday to Friday ond Holiday activities in no term times. Our engagement levels per session have grown by 50% since $tartgd. We have supported thg d¢v¥lopmont of tha multicultur81 Southend group. a women's group of minorty communiti rtsming together lo share culture 8n¢J communlty activities. provKling a safg. supportivo ènvlronmgnt for womon. SECH h88 offered free acce38 to the chapel and helped the group to dovgk>p wor*iny in p¥rtnorship. Roach out to montal h&alth oparatlon$ In our chap81. providing mental health sUPPOrt groups lo communlty mernbern. We have partnered wlh other s9rvi$ and providtrrs to d&liv•r activiti8s and s8ssion$ in th• chopol. W• are working in a fully collaborative way and open lo new actlvilies lo support communlty needs. SECH has eUr0d lundin9 from the Henry Smith Foundation over three years £150,OChJ supporb'ng our communty Hub mod81 and towards cora costs. SECH ha5 beèn a leading m•mbor of th• ¢ommunlty In the development and estsbllshment of the Food Alliance. this partnership approach of food providers and stskeholders is tsking on Southend on Seas Food Poverty issues working collaboratively to tackle inequalities. The contsnued successful development of the SECH Community Hub Model provides ex¢ellenl value for money.
SOUTH ESSEX COMMUNITY HUB TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Flnanclal review The charity achieved total income of £268,572 12021 £174,541) with resourcos exp&ndod of £259,661 {2021 £180.7281. creating a surplus of £8,911 compared lo a defiat of £6.187 in 2021. The chartys finan position in March 2022 shows a strong posilion", however, this has been dug to the prudent use of unrestricted funds. which will counter the many challenges and financAal uncertainty we face in the coming ygar. With changes to local govommenl grants and additional communty nee(Is, we have taken steps to ensu w8 can confidentially conb'nue the expansion of thg sorvices wo offer and deliver ongoing long-temi projects. The Trustees have established that the serve policy of Ihe charity is the amount needed lo cover 12 weeks 0rab"fig costs. This indudes the costs of running tsvo sites, maintain 5 staff and over 20 volunteers and this would enable the hub to provide a continuity of SwvI to its ben&fiaries. Fund balances al the year end stand al £174.422 12021 - £165.5111 ol whid) £170,163 are unrestrid8d (2021 £168,656). This balance of unr8slrictgd fvnds is Considered to be suffKient to meet tho rs&rves policy of Ihe trustees. Pl•nnlng for ¢ontingen¢i¢$ Hubs.. The charity now leases premises and a short-temi room h1 to t9 the servt¢e8 of SECH to the heart of each local Mmunity wlhin Ihe town. Rgnls and ulllity cost will in¢reasè. Staff.. The work of SECH has been remarkable, considering we currenfjy have onty thrèe full-time staff members supported by a great team of Volunteer% and Trustees who all play a signiffcant part in service delivery. However, areas IA our administration may need ffwjre support with the existing structure, and a new stsff member will be required. Contract workers: Will be engaged during the pilot stage of project delivery suty'8et to k>ngevty of project these may be employed in the future. Level of Reserves.. Is maintained for a minimum riod of three months to allow for xp8ndilure on staff wages. rents arKI redundancy payments. The breathing sp8(*s project is in defi¢it 81 the end of the finan¢ial year as the project spanned over tsvo finanaal years and there is a timing drfference bettn expenditure requirements and receipt of the final Instslm&nl of Inm9. The tNsle85 have 8ssessod th¢ major risks to which the charty is oxksxad. and ore satisfied that systems are in place to miligale exposure to the major risks. Plans for future perfods SECH has taken 8 very positsve view of thg communws futurg ngeds. SECH PLts famili&s first., wg have ello¢live community cohesion at the heart of all we do. W$ will ¢ontinu¥ to '. "Deliver seNi¢ès that strangthan our community. Helping people in the Southend area to increase their skills. improve employment prosp8¢ts. and help them aecess the right services in their time of need.. We havè ppared to m1 the issues expected due to the long-term effects of the lockdown on mental healih and the well-being of children and young people. We have e$tabli$hod an addilional HUB which wlll focus on tho m¢ntsl heath and well-being of families and young people. We are looking to dèvèlop and èxp8nd our family Community htjb and offer to engage with the diverse communities in Southend. providing a space for communities lo interact arKJ work ¢ollaborativ&ly. Our youth provision bwll give a richness of opportunits'es to support the holistic development of individuals to en8ble all to achieve their best, to be their best and to move confk1ently and successfully on to their next stage in lrfe. Structure. governance and management The charity 18 controlled by its govemlng document, 8 deed of trust and constllules an unSn¢orporaled tharity.
SOUTH ESSEX COMMUNITY HUB TRUSTEES REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 The trusteès who seNed during the year and up lo the date of signature of the finanaal slatsments were: J Hindley M Clark A Moalllm A Wait0 A Hepworth Or C Miles M Fenn M O'Neil L Hyde G Sandford D Sollis T Taybr J P&nnlnglon (Resigned 11 October 20211 (Resigned 1 April 20211 (Resigned 1 April 20221 IRo$igned 8 Febwary 20221 IR¢$igned 1 May 20221 {ResSgned 4 November 2021) (Appointèd 20 July 20221 (Appointed 20 May 20221 (Appointed 1 May 2022) (Appointed 20 April 2022) The Charity 18 loolang to increase thè ple of the board and hav8 a makeup indusNe of South Essex divofsg communiliès. The tnjstees consider the best methods of attracting a diverse ran of Candidates with the skills the charity ne*ds. This may include 8dvertising in thè local andlor specialist press and using trustee brokerage servlces. Sh¢rt-listing and interviews take place against agreed criteria. Interviews are ¢arrigd out by a small panel of Irustses. and each candidate is asked similar questions trj ensurè a fair and obj'ective approach. Preferred candidates are idgntified and invited to join the trusltses. subject to references. formal vetting and approval by thg full truslee board. Unsuccessful candidates are notified and thankéd for thgir intgrosL twst8es dologate the responSi.I1ty of day to day opgr8tions to the fdlowing key persons: Dawd Preston- Hub Project Coordinator K8yAbbey- Bookkeeper Tho ¢harity th&n usas fr88lanea stall to deliver il's proiacts in the communty. The Trustees reportwas approved ty the Bo8r(l of Trustees. J Hindiey Dats.. 2oz3
SOUTH ESSEX COMMUNITY HUB STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2022 Tht tru81ee8 arè responsible for preparing the Twslees Report and ihe finarrial stat•ments in accordancg wlth applicablg law and Unlled Klngdom Accounting Standards {Uniled Kin9dom Generalty Accepted Accounting Pra¢ti¢el. The law appllcablè to d)arftlès in England and Wales requlr8$ the trtJ81888 lo prépare financial statements lor 8ach financial yéar which give a tru8 and fair view of the stat8 of affairs of the charity and of th& incoming rèSoUS and application of resources of thè ¢harlty for that year. In preparin9 Ihes• flnaneial $talem&nls, the Irustsès arè réquirèd lo.. - select suitable accounting poll¢ies and then apply them consislenlly; - obsèrve thé mèthod8 and principles in thè Chariti&s SORP; . make Judgements and esUm8tes Ihal are rea8onable and prud&nl' - $ts18 whelhor 8ppllcable accounung standards have been lollowed, subled to any materi81 departures dlsdoséd and explalned In the financial stalemenls., and ppart thè financlal slatsments on the 9e4ng wncom ba$1¥ unles811 is In8pproprlate lo presume that thè ehafity wlll conunuo In operalS0n. The tnJst88s ale responsible for k8eping sufficient accounllng records th81 disclose Wllh rea8¢nable accuracy al any Ilme the flnanclal po$lllon of Ihe charfty and enablè them lo en8urè that the financial slot6rnents compty w4th the Chariti88 Act 2011, the Charity (Accounts and Reports) Regulations 2008 and thg provlslons ol Ihe Irusl deed. Thay are also responsible for safeguarding the assets ol the charity and hencè for taking r8asonabl8 Steps lor the preventlon and detectlon of fraud and other Irregularlll•s.
SOUTH ESSEX COMMUNITY HUB INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOUTH ESSEX COMMUNITY HUB I report lo the tru81ees my examinathjn of the finarKial statemonts of S¢xrth Essex Community Hub (tho tharity} for the year erKt•d 31 March %)22. R•#ponslbSlltl•s and b•$ls of r•port As the trustees of the charty you are reswnsitAe for the preparation of the finanwl ststemts in accordanco wAh the wulremgnts of th& CharSti8s Act 2011 Ithe 2011 Act). I rewrt In respect of my examinatbn of thts ¢harity's finanaal statements caffbed oul under se¢tKJn 145 of th• 2011 Act. In carrying OLrt my examination I have fdtowed all the applble Directsons gNen by the Chanty Commission under gtion 145(5Kbl of the 2011 Ac¢. Ind•p•nd•nt •x•mln•rf• •tal•m•nt Since the challty's gross income exceeded £250.000 your examiner must be a member of a body listod In sttJon 145 of the 2011 Art. I confirm that l am qUaIffi lo undertake tho examinatJn buSe l am a m8mb6r ol, which l¥ ono of thè116led bodéo8. Your attèntion Is drawn to Ihtr fact that the Ltsity ha8 Pf•PorwJ finonoal ststements in accordance wth Acc4wnling and Repo.n9 by Charitie$ prepaiing th&ir accounts in acc¢Kdance with thè Finanrjal ReportSng Stsndard appllcab in the UK and Republic of Ireland {FRS 1021 in preference to the ACCn'n9 and R8porbng by Charilies.. Statement of Recomm8nded Pr8Ctice issued on 1 AwS12005 th1th Ss referd to kn Ihe extsnt wuLgtion$ bul now t)ofjn thdrawn. l understsnd Ihat Ihl8 has bgon In order lor flnanclal statements to provtdè a truè and falr VI Sn a¢cordan¢4 with Gen6rallyAtteptod A¢Unting Pra¢tic8 effective for reporliThJ periods boginning on or 0ft8r 1 January 2015. I h&ve completed my ex8minolhJn. I confinn that M m•lters havo 4>Th to my attention in connacthryn wrfh tho examination glving mfr causg to boligve that in any matenal r¢spect: ?¢n.ng rncords w•ra not kapt In rosF of tha th817ty as by so¢(lon 130 of the 2011 Act: or the fln8ndal $tstgmgnts do rnt accord wth those records.. or the fin8noal st8t&ment$ do not with th& appiicabkn requiremts nc•m1ng th• form and conlenl of accounts sel out in the Charftio$ IACO?13 arKJ Repts> Regulati5 2008 other than any requlrnment that th• a¢rts give a tru8 and fair wew whith i8 not a mattor considered as part of an iThJ8pondgnt oxamlnaJon. I have no concem8 8nd h8ve o)m• acro$8 no other maller8 In ¢>)nnethn vAth the ex8minallon to whl¢h 8ttonlSon should be drawn in this report in to enable a mr nr513ndIng of U)e financial statements to be reached. tallord 457 South¢hurch Road Southend on Sea Essex SS12PH
SOUTH ESSEX COMMUNITY HUB STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Unr•stri¢ted R•strlct•d Total UnroStri¢t¢d R•$trfct•d fund¥ funds fi•nd$ funds 2022 2022 2021 2021 2021 Nots$ Incomè and endowmènts from: Donations and lega¢ies Charitablo a¢tithti¢s Other income 15 237.3S7 15 268,557 31.2(Kl 157.155 15,750 172.905 Total Incom• 237.372 31.200 268,572 158.791 15.750 174.541 Ex endlture on: Charilable actiwb85 201.251 57,969 259.220 113.726 67.002 180.728 10 441 Total resources exp•nded 201.692 57. 259.661 113.726 67,rMJ2 180.728 M•t Incomlngl{oiityoing) rn$OUfUS b¢lor• transf•rs 126.769) 8.911 151.252) 16.1871 Gross tsansfers belween fijnds {34.173} 34.1n {571 57 Net incomèll•xpenditure) for the yearl N•t mov•m•nl in funds 1.507 8.911 45.008 (51.1951 {8.1871 Fund balances at 1 April 2021 168.656 13.1451 16S.511 123.648 171,698 Fund balances at 31 March 2022 170.163 4.259 174,422 168.656 (3.1451 165,511 The ststsmont offinaoI actsVIt ludeS gains and ktsses rec£4lSed in the year. All income and expendilTe derivo from ¢onliMirtg ath"vilies.
SOUTH ESSEX COMMUNITY HUB BALANCE SHEET ASAT31 MARCH 2022 2021 Flxed a8i•t• Tangibl8 assets 11 6.S13 Curr•nt a•s•t• Dèblor5 Cash al bank aThJ in hand 12 2,159 174.474 1.800 159,027 176.633 180.827 Cr•ditorn: amounts f•lllDg du• wlthln on• y•ar 13 18.1941 (1.8291 N•t Current assets 168,439 158.998 Total aH•ts l••• ¢urr•nt114bllltl 174,422 165,511 In¢om• fund• Rastrictad furwjs Unreslrfcled funds 14 4.259 170.163 13.145) 168.656 174,422 185.511 27.01. 13 The finandal stal8m8nts approved by the Truste ......................... J Hindley Tfu•ts•
SOUTH ESSEX COMMUNITY HUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accountlng pollcl•s Charity informatlon South Essex Community Hub 1$ a unlncorporated charitable entity. 1.1 A¢¢ountlng conv•nllon The financial statements have been PPared in ac¢ordance with the charitys goveming document. thg Charities Act 2011, FRS 102 The Financial Reporting Standard applicable in the UK and Republic ol Iland. I"FRS 102.1 and the Charities SORP "A¢wuntiThJ and Reporting by Charities.. Statgment of Re¢ommended Practice opplicable to chariles preparing their 8ccounts in accordan with the Finan¢i81 Reporting Standard applicable in the UK and RepubliG of Ireland IFRS 1021. (effective 1 January 20191. The charity is a Publlc Benefit Entity as defin•d by FRS 102. The charity has taken advantage of the provisions in the SORP for thariti83 not to prepare a Ststemenl of Cash Flows. Tha financial statèments hav8 d8P8rt8d from the Charitie8 (A¢cwnts and Reports) Regulations 2008 only to the extent required lo provide a true and fair view. This departura has invofv$d following the Statement of Recommended Practice for charities applying FRS 102 rathèr than the versKJn of the Statemant of Rgcommendgd Practlce which Is referred to in the Regulations but vthith has since been withdrawn. The financial st8temènts are prèpared in stsrfing, whi¢h 1$ the functional ujrrency of the Charity. Monetary amunts in these fina81 staternents are rounded to the nearest £. The financial statements have been prepared under the hi$tori¢al cost w)vontK)n, modthed lo includ8 th9 revaluation of freehold propeities and lo include investrnent properties and certain financAal instruments 01 fair value. The prinapal accounts'ng policies adopled are set out b8k)w. 1.2 Golng c¢ncorn Al the lime of approving the financial 3tatèmenls. the Iruslees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable fvlure. Thus the trustsos conkn'nue to adopt the going ¢on¢em basis of accounting in preparing the financial statements. 1.3 Chrltsbl• funds Unrèstricted funds a avallabte for use at the disuetion of the trustees In further8n¢e of thelr charitable obje¢bves. Restn"¢tea ftJtx1s are subject to specific conditions by donors as to how they may be used. The purposes and uses of th& rgstridod funds are Set out in the rK)tes to th8 financial statements. Endowmenl fvnd$ are subject to speaffic c4Jndition8 by donors that the capitsl must be maintained by thé charity. 1.4 Incom• Income is recognised when the charity is legally entiued to it aft8T any perfomance condili¢)n$ havè been me( tha amounts can ba measured rèliably. and it is probable that ino)me will bè r6¢6ived. Cash donations are recognised on receipt. Other donations are reLwnised once thè charty has been notified of the donatitsn. unless porfom)ancg oonditions r8quir8 deferral of the am¢Junt. Income tax recoverable in relation to donation5 receivgd under Gifl Aid or d¥¥d$ of ¢ov$nant is r•¢ognis8d at thè tim of th8 donation. Legacies are rogniSèd on raeaipt or otheMis8 if the charity has be&n notified of an impanding distribution. the arnounl 15 knowTJ. and roceipt i$ 0xp•d. If th• amount is not known, 18ga¢y is tr93t as contingent asset.
SOUTH ESSEX COMMUNITY HUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accounlng pollclo¥ (C¢)ntlnued) Grant ineomè is r•c£)gnised the charity is legally entived to it after any performance oJndltion$ have en meL the amounts can be measured reliabty. and it is probab that Inne 11 be rece>ved Th8 charty rathas ¢)n tho uso of vc1lmtas to run activths. The (arity cannot t4ac4 a monetsry value on thr contribution and not induded as income to the charity. 1.5 Exp•ndltur• Expendire is reco9nised there is a legal or fJY)strth obligation lo transfer erx)rK)mSc benefit to a third paty, it is probable that a transfer of eCx)n0 beneffts be requirad in sgttlomenL and the amount of the obligation can be measured rlay. Expenditure is dassified by activity. The costs of eath activity aro madg up of the totsl of direct eosts and shared costs, Iuding SUPPOrt costs involvèd in undertakiNJ eath acttvty. Direct costs attributabla to a single activity are alhxaled directy to that a(ivty. Shared costs wthich contribute to rn(e than one activty and support costs which are not attributable lo a gngl¢ activity apportione(J befv4e8n those activities on a basis eot)sistÈnt the ust of resoufeAS. Central staff u)sts are a4¢xated on the basis ol time spanl. and depreciation charges are allocated on Fortion of Ihe asseys le. Expenditijre on Charitse aCtNitS inchjdes all expendibjre diredy rdated to acts$ undertaken lo fvrther the l)ure and athieve the objectives of the tharity and their associated support ¢>)sts. Other expenditure represents those ilems rnt falling into ary other heading. 1.6 Tonglblo fix•d 0$sots Tangiblé fixed a&%ets ? initially measured al cost atyj $ubwuenty mgasurod at ¢ost or valuation. nel of deprBcrats)n and any impaimient kjsses. tkprgoation is rèccgnised so as to write off the cost or valualKffl of assets less ther redUal value$ over th¢ir Useful lives on the fr)liowng bases: Fixtures and fftlings Computsrs 25% redurirvJ baknce 40% redwryj ba[• The ga or k)55 8ri5ing on ts diswsal of an awt ts detlAd as the ditference beh¥een the sal8 woeA8d$ and the caYing value of the and 1$ rwnisod in th• slatamant of financial athits•s. 1.7 Impairment of tlx•d •ss¢ts At ea( pOrn9 end date. the charity revièvS the ¢8rrwng 8mwnts of its tsngible assets lo delemiine whether 1$ any indtiOn that Ihose assets have suffered an impainnent If any such indication exists, the rw)vèrdble amoLmt of the asset is estimated in der to deterynine extent of the impaim)ènt loss (if any). 1.8 Cash and ¢ash ul¥•I•nts Ca$h and cash equivalents indLth cash in hand, deposTt5 held 81 ¢811 th banks. ¢)thor 3h¢rt4erm liquid invtsstments wth ginal maturities of three ITthS or less, and bank oveTdraft& Bank overthafts we shown within borTowings in rrent li*¥tities.
SOUTH ESSEX COMMUNITY HUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accountlng polScl•s IContSnu•dl 1.9 Flnan¢l•l In8trumènts The ¢h8rity ha$ elected lo apply the provisions of S*¢tion 11 'Basic FinanrAal Instruments. and S8ction 12 'Other Finanaal Instruments Issues, of FRS 102 to all of it8 finanrjal instruments. Financial Énstrum$nls are rewni5ed in the charitys balanco shoet when the charity becomgs paty to th8 contractual provision5 of the instrument. Financial ass91$ and liabilities are offset, with the net amounts P$&nIell in the financial slatements, vthon there is a legally enforceable rvJht to set off the recognised amtsunts and there is an intention to settitr on a net bas$ or to realise the ass&t and settle the liaknlity simultaneously. 8aslc Iln•n¢l•l a$s•ts Basic finanual assets. which indud8 debl()15 cash and bank balances. are initially measured al transaction price including transaction costs and are subsequently earrfed al amortised ¢>xI using the effective interest method unless the arrangemgnt constitutes a financin9 transaction. where the transaction is measurèd at the prasènt Value of the future re¢eipls discounted at a market rate of interesL Financial assets classified as receivable within one year are not aMorsed. 8151¢ financial liabilili•s Basic financial liabilities, induding creditors and bank loans are initially re¢ogni$ed at trdnsaction price unless the arrangement constitutes a financing transaci'on, wh8rè tha dabt instrument is measured at the prasant valuè of th8 fvlur& p8ymènts diso)untsd al a markgl ryate of interest. Financial liabilities classrfied as payable thin on8 yéar are not amortis8d. Debt instruments are subsequenlly caryiad at amortisèd cost, using the effective interest rat8 mglh¢xl. Trade creditors are obligations to pay for goods or $èrvices that hava b8èn aequirod in the ordinary course of operations from suppliers. Amounts p8y8ble are ciassified as liabilitiès rf payment is due within one year or less. If not, they are presented as nonrycurrent liabilitles. Trade creditors are recognis¢d inilally at trarksaction price and subsequendy measured al amorts'sed ¢os¢ uslng Ihe effedve interest method. D•r•cognttlon of financlalllabllftlos Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.10 Employ09 ft¢fits Th$ ¢ost of any unusgd holiday antitlement is recognised in Ihe period in which the employee's services are ro¢eivod. Terrninalion benefits ar$ r9¢ogni$ imm&diatèly as an axpènsa wh8n the charity is demonstrably committod to temiinate the employment of an employee orto provide temiination benefits. 1.11 R•tlrèm•nt ban•ffts Payments to defined conlribulion rebremont b¥nofit sch&m&s ara charyd as an èxpensa as thay fall due. 10-
SOUTH ESSEX COMMUNITY HUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Critical •¢¢ounting estirnat•s and Audg•kMnts In the application of the tharivs acojunting polKies. the Iwstees wuir&J to make judgemènts, eslimales and assumptions about the carfying amount of assets and liatslities that are not readity apparent from other SOLrces. The estimates and assffiat8d #ssumpts'ons are based on historical oxperience and other that are ¢onsidere(I to be rèJe¥anL Actual resulis may dffter from these esb"mates. The estimates and i1nderfn9 assumptic# are revid on an ong(Mng basis. ReVisiS to acCnting estimates are re(y)gnised in the per)d in whh the estimate is r8vis8d where the revision affects only that period, or in the pericNJ of the rewsion future where the revision affects both cunI and fulwe perbds. Donatlons and l•gaei Unrestrlcted Unrostricted funds fund$ 2022 2021 Donabons and gifts 15 796 Charitabl activities 2022 Project income SerwcEs provided under ojntra PerformancB related grants 435 60.000 208.122 7,300 120.000 45.605 268.557 172,905 Anatysis by fund Unrestricled fun<ls Rèstricted funds 237,357 31.200 157.155 15.750 268.557 172.905 Ottr inc4mtr Tolal Unrestrthd funds 2022 2021 Othèr income 11
SOUTH ESSEX COMMUNITY HUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Oth•r in¢(Mn• (Contlnu•d) Charltabl• actlvltl•s charl1ab Ch•ritabl• Exp•ndlture Expendlturn 2022 2021 staff o)sts Depreciation and impairment Wages Insuranc Rent and venue hire Emergency supplies Printing, postage & stationery Legal and compliance Repairs and renewals IT and mpUter expenses Equipment purchases Telephone Travd exper Proje¢t Costs Light & hoat EntertainitvJ Sundry expenses 105.979 2.737 117,191 2.754 718 21,600 21.003 7,050 430 4,750 4,354 6,855 1.325 1,498 12,020 1,431 5,140 2.655 724 91.114 5,216 152 1.490 10.295 1.350 254.510 179.048 Share of govemance ¢osts noto 71 4.710 1,680 259,220 180,728 Analysis by fund Unrèstrict8d funds R&$trictsd funds 201.251 57,969 113,726 67,002 259.220 180.728 12-
SOUTH ESSEX COMMUNITY HUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Support costs Support G¢)vwnan¢e 2022SuFWt $ts Gtsvemance 2021 Audit fees IndeFendent Examin8Vs fge Bank charges 2.246 2.246 2.4CiI 4.710 4.710 1.680 Analysed betsn Charits& activities 4,710 4.710 1.680 Trustee8 None of the trustees recewed any remuneration for their ro as tnjstees. The folkmng truths TeceNed remuneralion for semces provhded lo the Charity in order to deliver projects: M Clark £8.25012021- £8.742) The f(4knving trustfjos reCeid thg fdlwng &xpwses: M Clark £596 {2021".£3461 J H1ndY £5012021."£nill Employees The average monthty number of emF4oyees duriry the year was: 2022 Numb•r 2021 Numbor Employment ¢osts 2022 2021 Waw and salaries Social security costs Other nSIOn costs 102.271 2,498 1,210 117.191 105,979 117.191 Thèrg were rKJ employees whose annual rOmLThrnl than £60.000. 13-
SOUTH ESSEX COMMUNITY HUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 10 Othor Unr•strlctsd fund$ Total 2022 2021 Nel loss on disposal of tangible fixed asséts 441 11 T•nglbl• flx•d •sMts Flxlur•• •nd Ilttlng• Total Colt Al 1 AprOI 2021 Additions D18ptssal8 8.349 343 13C>oi 2.918 9.267 2.647 18801 {3601 Al 31 March 2022 6.392 4,862 11.254 D•pr•clatlon and Smpalrni•nt Al l April 2021 Depreciation charged in the year Eliminated in respect ol disposal$ 1,587 1,201 175) 1,167 1,535 11441 2.754 2.736 219 Al 31 March 2022 2,713 2.558 5,271 Crylng amount At 31 March 2022 3,679 2.304 5,983 Al 31 M8rch 2021 4,762 1,751 6,513 12 D•btor• 2022 2021 Amounts flllng du• wlthln on• y•ar: Prepaymgnts And accrued income 2,159 1,800 13 Credltorn: •mounts falllng due wEthln one year 2022 Olher taxation and sodal sgcurlty Trade (yeditors Accruals and deferred income 378 4,431 3,385 129 700 1.000 8.194 1,829 14-
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SOUTH ESSEX COMMUNITY HUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 13 Analysis ol not a$80ts betn funds Unrestricted Restrfcted fund$ fund$ 2022 2022 Totsl Unreslrictsd Restricted funds funds 2021 2021 Totsl 2022 2021 Fund Wan¢è8 at 31 March 2022 ar8 raprasantad by.. Tangibl8 assets Current assetsllliabilities) 5.217 164.946 5,983 188,439 6,513 162,143 6,513 158.998 3.493 13,145) 170,163 4.259 174.422 168,656 13.145) 165,511 16 Op•ratln91oas• ¢ommitm•nts A¢ the reporting end date thg charity ha(1 outstanding commitments lor fijture minimum lease payynonts under non.cancellable operating leases, which fall due as foJlows= 2022 2021 Within one year Between two and five ygars 3,600 21.600 3,800 3,600 25,200 The c*arity holds a short torm Igase for property at th& Vithria Sh¢)pping Centre al a rent of £21.600 pgr annum terminating in May 2022. The chanty also holds a S year1&¥$o for th¥ N(xth Road Cha1 which is at a popper¢om rent. 17 Rèlatèd party transacil¢)ns R•muneratlon of key manaymgnt p¢rsonng1 The romunoratk)n of key managgmont pgrsonngl is as fc41¢)ws. 2022 2021 Aggragata coMpenSatn 31,179 2,256 16-
SOUTH ESSEX COMMUNITY HUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 17 R•lal•d party transa¢tlons Icontlnuedl Transactlons wlth r•lat8d partl•$ During the year the charity entered into the following transactions with f8Lat8d partie8.' S•rvlc•s rne•iv•d from rntat•d parties 2022 2021 Entiti&s wth $harod koy management personr 8,875 4.500 8,875 4.500 The chartty purchased consultsncy serv¢es lotslling £8,875 from NGD Productions Limited for whom D. Preston is a director from 1st November 2021. D. Sollis. a d1Ctor of NGD Prthyvetions Limited. became Tnjstee of the charity on 20th May 2022. 17-
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