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2024-03-31-accounts

Charity registration number 1175385

SOUTH ESSEX COMMUNITY HUB ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

SOUTH ESSEX COMMUNITY HUB

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees M Clark
G Sandford
D Sollis
J Pennington
Andrew Wright (Appointed 02 February 2024)
Charity Number 1175385
Principal Address 324-325 Chartwell Square
Southend-on-Sea
Essex
SS2 5SP
Independent Examiner Mohammed Bakhareba FCCA
128 City Road
London
EC1V 2NX

SOUTH ESSEX COMMUNITY HUB

CONTENTS

TRUSTEES REPORT - 4 -
STATEMENT OF TRUSTEES RESPONSIBILITIES - 14 -
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES - 15 -
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE - 17 -
BALANCE SHEET - 19 -
NOTES TO THE FINANCIAL STATEMENTS - 21 -

SOUTH ESSEX COMMUNITY HUB

TRUSTEES REPORT

FOR THE YEAR ENDED 31 MARCH 2024

South Essex Community Hub Registered Charity No: 1175385

Trustee Annual Report 2024

1. Reference and Administration

1.1 Name and Registration

2. Structure, Governance and Management

3. Activities

4. Achievements and Performance

5. Financial Review

SOUTH ESSEX COMMUNITY HUB

SOUTH ESSEX COMMUNITY HUB

TRUSTEE REPORT

FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)

1. Reference and Administration

South Essex Community HUB or SECH is a Registered Charity, No: 1175385 registered with the Charity Commission on 26[th] October 2017.

324-325 Chartwell Square

Southend-on-Sea

Essex

SS2 5SP

Malcolm Clark Chair John Pennington Vice Chair Andrew Wright Trustee Gillian Sandford Trustee

Gemma Fisher COO James Hunt Manager

Lloyds Bank

SOUTH ESSEX COMMUNITY HUB

79 High St

Buckinghamshire

HP5 1BT

2. Structure, Governance and Management

The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). The Trustees confirm that they have complied with the duty in section 17(5) of the Charities Act 2011 with regards to the Charities Commission guidance on public benefit when reviewing the charity’s aims and objectives and planning future activities.

With regard to the activities and achievements of the charity, the Trustees are of the opinion that it continues to fulfil its charitable purpose.

South Essex Community Hub is a registered charity set up to support the communities of South Essex and enable them to thrive.

The aim of the South Essex Community Hub is to ensure residents of Southend have online support and information support, by understanding the needs of the communities within the city and offering warm spaces and access to computers and trained staff in collaboration with other local service providers.

We are here to promote and strengthen community cohesion and support all members of our community in our Help In Hub through:

SOUTH ESSEX COMMUNITY HUB

2.4 Trustee Selection Methods

There must be at least 3 Charity Trustees. The maximum number is 10.

In accordance with the Constitution, Trustees are appointed or re-appointed for the term of three (3) years by resolution passed at a properly convened meeting of the management committee. In appointing trustees, due consideration is given to ensuring that between them they have the skills and experience necessary to manage the charity effectively and in accordance with Charity Law.

The Trustees who served during 2024 and up to the date of signature of the financial statements were:

2.5 Recruitment and Appointment of Trustees

The Charity is looking to increase the profile of the board and have a make-up inclusive of South Essex diverse communities. The Trustees consider the best methods of attracting a diverse range of candidates with the skills the charity needs. This may include advertising in the local and/or specialist press and using Trustee brokerage services. Short-listing and interviews take place against an agreed criteria. Interviews are carried out by a panel of Trustees, and each candidate is asked similar questions to ensure a fair and objective approach. Preferred candidates are identified and invited to join the Trustees, subject to references, formal vetting and approval by the full Trustee board. Unsuccessful candidates are notified and thanked for their interest.

2.6 Organisational Structure

The Trustees delegate the responsibility of day to day operations to the following key persons:

Gemma Fisher Chief Operating Officer Anwar Adam Bookkeeper

SOUTH ESSEX COMMUNITY HUB

The Charity then uses freelance staff to deliver its projects in the community.

3. Activities

The trustees of SECH confirm that they have paid due regard to the guidance issued by the Charity Commission on public benefits in deciding what activities the charity should undertake.

4. Achievements and Performance

4.1 Outputs and Outcomes for the Charity Beneficiaries

The Charity has continued to deliver a range of high quality services for the local community throughout the year. Between April 2023 - April 2024 through our Community Hub, we had 6229 client engagements. We have had a 23% increase in service users compared to the previous year (22-23 - 5058, 23-24 - 6229). We have seen an 63% increase in the insurance of Food Vouchers issued since 2023. We saw the impact of the cost of living with service users. People are becoming unable to manage and needing additional support. SECH strengthened its partnerships with local businesses and organisations. We have been a partner in the Anchoring 2050 ambition project with Anchor organisation Mid and South Essex Foundation Trust. This project successfully supported over 100 people into employment within the NHS. SECH Help In Hub acted as the access point for people into the program providing digital and life skills sessions.

We have provided 455 one on one Basic Digital Skill sessions Over 68% of SECH users do not have access or regular access to the internet. 214 people were supported with Universal Credit applications. We completed 260 housing applications. 827 people were supported with Council Tax Reduction Applications. We issued 671 Food Vouchers, marking a 400% increase compared to 2022-2023. 719 people were supported with Job Searching. 95 people were supported with CV Writing and employability skills.

4.3 Youth Hub

The third year of our Youth Hub has been an excellent year. With the learning and development of the first year, we increased attendance by 50%. Our young people are progressing. We have young people who are achieving Jack Petchey awards. The support of young people re-engaging with education. The volunteer peer support with Duke of Edinburgh Awards and the film “In Our Own Words” which was coproduced with the Young People, both projects enabling expression of what the Youth Hub means to them.

SOUTH ESSEX COMMUNITY HUB

3150 Youth Engagements in 2023-2024, 39 young people helped with food support. 3 young people were supported back into Education. 5 young people received Outstanding Achievement awards from Jack Petchey Foundation.

We are looking forward to running School Holiday Activity in partnership with the HAF program. We plan to pilot the project during the spring half term and subject to positive outcomes a full program of activities will be held in the summer school holiday.

Nationwide Foundation - This funding was provided to support the housing crisis. This has allowed for more support to all the residents facing homelessness or a housing issue.

Access Foundation – This was a funded digital inclusion project within the community. We supplied free digital service, support and education to the community.

Albert Gubay Foundation – Funding was provided for housing and homeless support within the community.

Henry Smith – Strengthening Communities fund was given to support the delivery of service provided by South Essex Community Hub.

KFC Foundation – This funding paid for youth trips and food for South Essex Community Hub Youth Services.

TNL Youth Hub Year – Project funding for a youth service over three years this covers youth project and staff cost.

TNL Cost of Living Crisis – A cost of living support project was delivered at the Help In Hub and the funds support delivery of the service, staff and training.

Essex Community Foundation – Funding to support with running cost of the service provided at the Help In Hub and Chapel venue.

5. Financial Review

SOUTH ESSEX COMMUNITY HUB

The charity has no funds which are materially in deficit.

The Trustees have established the following Reserves Policy: 12 weeks operating cost.

Planning for contingencies Hubs: The Charity now leases two premises, and a short-term room hire to bring the services of SECH to the heart of each local community within the town. Rents and utility cost will increase.

The principal sources of funding are grants made to the charity by small and large charitable foundations.

In compliance with the Charities (Protection and Social Investment) Act 2016 all fundraising is carried out in a safe way which protects the public. We do not cold call or appeal to the public to sign up to longterm giving commitments other than providing options to do so on our website. The Charity does not make payments for fund raising activity and has never received a complaint related to fundraising activity.

All Trustees act in a voluntary capacity and do not receive any remuneration or material benefits from their service to the Charity.

Out of pocket expenses necessarily and reasonably incurred by trustees in promotion the purposes of the Charity are reimbursed at cost.

The Charity’s current resources are sufficient to meet its outgoings in accordance with its Financial Reserves Policy and all the indications are that this will remain the case for the foreseeable future. Total Net Assets at the end of the financial year were £267.818, representing less than 12 months of operating cost based on our current budget.

SOUTH ESSEX COMMUNITY HUB

The Trustees declare that:

The Charity has given no guarantees where potential liability under the guarantee is outstanding at the date of this statement.

The Charity has no debt outstanding at the date of this statement.

5.7 Cost Benefit Analysis

The fund balances at the end of the year stand at £273,887. Using a Cost Benefit Analysis tool developed for and used widely within public services for the appraisal and evaluation of interventions, the Charity has calculated its social value generated for our Community Hub Model. SECH contributes to an estimated total annual fiscal benefit of £105,000, and public value benefit of £212,212. The continued successful development of the SECH Community Hub Model provides excellent value for money.

5.8 The Future

SECH has taken a positive view to the future needs of the community. SECH puts families first; we have effective community cohesion at the heart of all we do. We will continue to deliver services that strengthen our community. We support people in the Southend area to increase their skills, improve employment prospects, and to access the right services at their time of need. We have prepared to meet the issues expected due to the long term effects of the credit crisis on mental health and the wellbeing of children and young people. We have established an additional HUB which will focus on the mental health and wellbeing of families and young people.

The financial position of the charity at March 2022 shows a strong position, however this has been due to prudent use of unrestricted funds which will be used to counter the many challenges and financial

5.9 Risk Assessment

The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. Plans for future periods SECH has taken a positive view of the community’s future needs.

The Trustee’s report was approved by the Board of Trustees.

SOUTH ESSEX COMMUNITY HUB

John Pennington Date January 23, 2025

Malcolm Clark Date January 23, 2025

SOUTH ESSEX COMMUNITY HUB

STATEMENT OF TRUSTEES RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2024

The trustees are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

SOUTH ESSEX COMMUNITY HUB INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOUTH ESSEX COMMUNITYHUB I report lo th9 tnjslegs on my 8x8minÈlèon of Ihe fflnarthl stalements of S¢yJih Essex Con¥nunity Hub (tr charity) for the year end￿ 31 Ma¥¢h 2024. R•sponslbllltl•g •nd b••ls of rop￿ As the trustoes Of￿ chaty you are respOn￿tA￿ tr tho prepara11￿ ofthe financial $tatwnents in acc(MtJ8rKx th the require1r￿nts ofthe ChanlièsAcl 2011 lthe 2011 Act). I report in resrrt of my gxaminaJon of thg charfty's fffiarrial statements ￿rrIed (wt uThJar sad)n 145 ofthe 2011 ACL In ¢aryiThJ out my exawninab'on I have Ic41vwèd all the applubkn Throctions given by ts Charity C(xnrn¢ssion under sectron 144SXbl of th8 2011 A¢L Independ•nt exa￿￿￿•¢8 statem•nt Your attention Is drawn to Ihe lact Ihat the thaity has prq)ared finarwia statem8nts in ￿arKe Acc￿nI￿)9 and Re￿)rting by Charlb8s prparing Ihwr &cwnts in acc(Kdani wth the Fwwncial Reporb"ng standard appI￿able in UK and Rewtsbc of Ir8larvJ IFRS 1021 in prefe￿￿& to the AC￿nti￿ and RepK)rbng by Charitieb.. stsiemant of Re0)mW￿ndBd Prth ￿ad on 1 2￿5 is refwred to In thg 8xlanl regulations but has now Lwn withdrawn. l under5tsnd that Ihis h85 drme li ordertr fKwiial sta1wn￿ to providè a twe and fair ViV4¥ in cortta￿e wth Generaly AcceFrted AccwntsrffJ Prnctre èffthe for reFortwvJ periods trfinnlThJ on or aftar 1 Jant4ry 2015. I have crynpleted my exanwnation. I CAJnfirn that no rnatters have oyne to my attention In cthnecon ilh the examlnation giviTrJ me cause to belwe that in aÉry rnaierial res￿." accounting ￿CordS were r￿1 kept in resFed of the thanty as requwed by 8ion 130 of the 2011 Aet,. or the fina￿81 Stalen￿1$ th) not aoxrd wilh those recvrds. L¥ the fina￿18$ stste[T￿tS (k) not cornpty the Wu1￿ments cortemthig the fonn and contenl of accounts set out in the Charilies IAc£ounts and Reportsl Regukbons 2008 otherthan any requirement that the ￿￿Unts gNe a arKI ts vi 1$ Thjia matter erridered as part ofan ￿nd￿ntht exanmnation. I have no and havo come acr055 no Lrther rnattern wth the exafflinabon to attention ShO￿d t it) thi8 ￿F￿￿t in ￿der10 enatrAe a undw5tWKlirwJ 0ftr￿ financaal Stat￿nts to be Mohamml Bakhareba FCCA 128 Cty Ro*J. L¢￿. EC1V 2NX 2210l.l..iois

SOUTH ESSEX COMMUNITY HUB

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
funds
2024
Restricted
funds
2024
Notes
£
£
Income from:
Other income
718
-
Donations and legacies
3
19,056
-
Charitable activities
4
8,930
291,563
Total income
28,704
291,563
Charitable activities
5
173,859
48,255
Other expenditure
9
-
-
Total Expenditure
173,859
48,255
Net income/(expenditure)
(145,155)
243,308
Transfers between funds
-
-
Net movement in funds
-
-
Reconciliation of funds:		 Total
2024
Unrestricted
funds
2023
Restricted
funds
2023
£
£
£
718
19,056
6,477
-
300,493
56,415
157,800
320,268
62,892
157,800
222,114
36,820
182,520
-
108
-
222,114
36,928
182,452
98,154
25,964
24,652
-
(23,312)
23,312
-
2,652
(1,340)		 Total
2023
£
6,477
214,215
220,692
219,272
108
219,380
1,312
-
1,312

SOUTH ESSEX COMMUNITY HUB

Fund balances at 1 April
2023
Fund balances at 31 March
2024		 172,815
27,660		 2,919
246,227		 175,734
273,887		 170,163
172,815		 4,259
2,919		 174,422

175,734

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure is derived from continuing activities.

SOUTH ESSEX COMMUNITY HUB

BALANCE SHEET

AS AT 31 MARCH 2024

Notes
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at the bank and in hand
Creditors: amounts falling
due within one year
13
Net current assets
Total assets less current liabilities
The funds of the charity
Restricted income funds
14
Unrestricted funds		 £
2,104
267,447
269,551
1,733		 2024
£
6,069
267,818
273,887
4,258
269,629
273,887		 £
4,585
168,912
173,497
6,924		 2023
£
9,161
166,573
175,734
2,919
172,815
175,734

The financial statements were approved by the trustees on 22 January 2025.

J Pennington Malcolm Clark Trustee Trustee

SOUTH ESSEX COMMUNITY HUB 20-

SOUTH ESSEX COMMUNITY HUB

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

1. Accounting policies

South Essex Community Hub is an unincorporated charitable entity based at 324-325 Chartwell Square, Southend On Sea, Essex, SS2 5SP.

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland" (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations, but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

SOUTH ESSEX COMMUNITY HUB

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)

Grant income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

The charity relies on the use of volunteers to run activities. The charity cannot place a monetary value on their contribution and therefore not included as income to the charity

SOUTH ESSEX COMMUNITY HUB

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.

Expenditure on charitable activities includes all expenditure directly related to activities undertaken to further the purpose and achieve the objectives of the charity and their associated support costs.

Other expenditure represents those items not falling into any other heading.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 25% reducing balance Computers 40% reducing balance

The gain or loss arising from the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the statement of financial activities.

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any)

SOUTH ESSEX COMMUNITY HUB

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is

SOUTH ESSEX COMMUNITY HUB

due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

The cost of any unused holiday entitlement is recognised in the period in which the employees’ services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminating the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2. Critical accounting estimates and judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

SOUTH ESSEX COMMUNITY HUB

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)

3. Income from donations and legacies

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Donations and gifts 19,056 6,477

4. Income from charitable activities

Unrestricted
funds
2024
Restricted
funds
2024
£
£
Charitable activities
Project income
8,930
-
Other income
718
-
Performance related
grants
-
291,563
9,648
291,563		 Total
2024
Unrestricted
funds
2023
Restricted
funds
2023
£
£
£
8,930
56,415
-
718
-
291,563
-
157,800
301,211
56,415
157,800		 Total
2023
£
56,415
157,800
214,215

SOUTH ESSEX COMMUNITY HUB

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)

5. Expenditure on charitable activities

Charitable Charitable
activities activities
2024 2023
£ £
Direct costs
Staff costs 148,523 125,512
Depreciation and impairment 3,092 2,225
Wages 228 4,084
Insurance 930 1,000
Rent and venue hire 21,600 21,600
Printing, postage & stationary 606 732
Legal and compliance 13,718 12,502
Repairs and renewals 5,777 5,234
IT and computer expenses 689 181
Equipment purchases 200 529
Telephone 1,695 2,982
Training costs 1,179 -
Marketing 519 -
Travel expenses 2,269 1,225
Project costs 5,000 31,281
Light & heat 7,438 5,115
Entertaining 2,186 186
Sundry expenses 3,567 109

SOUTH ESSEX COMMUNITY HUB

Share of support and governance costs (see note 6)
Governance
Analysis by fund
Unrestricted funds
Restricted funds		 219,220
2,894
222,114
173,859
48,255
222,114		 214,479
4,793
219,272
36,820
182,452
219,272

SOUTH ESSEX COMMUNITY HUB

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)

6. Support costs

Support
costs
Governance
costs
£
£
Accountancy fees
-
2,830
Independent Examiner’s
fee
-
-
Bank charges
-
64
-
2,894
Analysed between
Charitable activities
-
2,894		 2024
Support
costs
Governance
costs
£
£
£
2,830
-
2,927
-
-
1,800
64
-
66
2,894
-
4,793
2,894
-
4,793		 2023
£
2,927
1,800
66
4,793

4,793

7. Net income/(expenditure) for the year

This is stated after charging: 2024 2023
£ £
Operating leases 21,600 21,600
Depreciation 3,092 2,225
24,692 23,825

8. Trustees

None of the trustees received any remuneration for their role as trustees.

One member of the trustees was reimbursed for expenses as follows:

M Clark £3,221 for travel expenses (2023: £2,236)

SOUTH ESSEX COMMUNITY HUB

9. Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2024
7
2024
£
118,295
24,175
6,053
148,523		 2023
7
2023
£
120,600
2,681
2,231
125,512

There were no employees whose annual remuneration was more than £60,000.

SOUTH ESSEX COMMUNITY HUB

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)

10. Other expenditure

Unrestricted Unrestricted
funds 2024 funds 2023
£ £
Net loss on disposal of tangible fixed assets - 108

11. Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12. Tangible fixed assets

Fixtures
and fittings
Computers
£
£
Cost
At 1 April 2023
7,482
8,785
Additions
-
-
Disposals
-
-
At 31 March 2024
7,482
8,785
Depreciation and impairment
At 1 April 2023
3,667
3,440
Depreciation charged in the year
954
2,138		 Total
£
16,267
-
-
16,267

7,107
3,092

SOUTH ESSEX COMMUNITY HUB

Eliminated in respect of disposals
At 31 March 2024
Carrying amount
At 31 March 2024
At 31 March 2023		 -
4,621
2,862
3,816		 -
5,578
3,207
5,345		 -
10,199

6,069
9,161

SOUTH ESSEX COMMUNITY HUB

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)

13.
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
14.
Creditors
Amounts falling due within one year:
Other taxation and social security
Trade creditors
Accruals and deferred income		 2024
£
-
2,104
2,104
2024
£
-
234
1,500
1,733		 2023
£
2,320
2,265
4,585
2023
£
445
1,443
5,036
6,924

15. Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £

SOUTH ESSEX COMMUNITY HUB

Nationwide Foundation year 1
Access Foundation
Albert Gubay Foundation year 1
Henry Smith
KFC Foundation
TNL Youth Hub year 1
TNL Cost of Living Crisis
Essex Community Foundation
TNL Community Fund
Jack Petchey Foundation		 -
-
-
-
-
-
-
-
780
2,139
2,919		 25,000
21,000
24,470
50,000
2,500
89,637
47,855
5,000
-
-
265,463		 4,310
-
7,982
-
12,235
-
48,293
-
409
-
63,109
-
16,418
-
5,054
54
-
-
-
-
157,810
54		 20,690
13,018
12,235
1,707
2,091
26,528
31,437
-
780
2,139
110,572

SOUTH ESSEX COMMUNITY HUB

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)

Previous year:

At 1 April Incoming Resources Transfers At 31 March
2022 resources expended 2023
£ £ £ £ £
Heritage Lottery Fund – Breathing 767 - (847) 80 -
Space
Henry Smith Trust – Pontins Holiday - 50,000 (50,006) 6 -
Awards 4 All – Wellbeing and Life 14 - (18) 4 -
Skills Mentoring
Coronavirus Community - - - - -
Support for Youth Support The 3,478 - (3,500) 22 -
National Lottery
Community Fund - 88,100 (110,445) 23,125 780
Charles French - 1,500 (1,500) - -
Garfield Weston - 15,000 (15,046) 46 -
Sported Foundation Barclays - 500 (529) 29 -
Jack Petchey Foundation - 2,700 (561) 2,139
4,259 157,800 (182,452) 23,312 2,919

16. Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

SOUTH ESSEX COMMUNITY HUB

At 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
General funds 172,815 28,704 (173,859) - 27,660
Previous year:
At 1 April Incoming Resources Transfers At 31 March
2022 resources expended 2023
£ £ £ £ £
General funds 170,163 62,892 (36,928) (23,312) 172,815

SOUTH ESSEX COMMUNITY HUB

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)

17. Analysis of net assets between funds

Fund balances at 31 March 2024 are represented by:
Tangible assets
Current assets/(liabilities)
Previous year:
Fund balances at 31 March 2023 are represented by:
Tangible assets
Current assets/(liabilities)		 Unrestricted
2024
£
5,590
22,070
27,660
Unrestricted
2023
£
8,364
164,451
172,815		 Restricted
2024
£
479
110,093
110,572
Restricted
2023
£
797
2,122
2,919		 Total
2024
£
6,069
267,818
138,232

Total
2023
£
9,161
166,573
175,734

18. Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2024 2023
£ £

SOUTH ESSEX COMMUNITY HUB

Within one year
Between two and five years		 21,600
3,600
25,200		 21,600
27,000
46,800

The charity holds a short-term lease for property at the Victoria Shopping Centre at a rent of £21,600 per annum terminating in May 2025.

The charity also holds a 5-year lease for the North Road Chapel which is at a peppercorn rent.

SOUTH ESSEX COMMUNITY HUB

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)

19. Related party transactions

Transaction with related parties

During the year the charity entered the following transactions with related parties:

Services received from related parties
Entities with shared key management personnel		 2024
£
5,500
5,500		 2023
£
5,625
5,625

The charity purchased consultancy services totalling £5,500 (2023 - £5,625) from NGD Productions Limited, for whom D. Sollis is a director from 1[st] November 2021.