REGISTERED CHARITY NUMBER: 1176065
Report of the Trustees and Financial Statements for the Year Ended 31 May 2021
for
Scartho Community Hub
SKS Bailey Group Limited Suite 9 Normanby Gateway Scunthorpe North Lincolnshire DN15 9YG
Scartho Community Hub
Contents of the Financial Statements for the Year Ended 31 May 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 10 |
| Detailed Statement of Financial Activities | 11 to 12 |
Scartho Community Hub
Report of the Trustees for the Year Ended 31 May 2021
The trustees present their report with the financial statements of the charity for the year ended 31 May 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charity's objectives and aims are to further and benefit the Scartho neighbourhood of North East Lincolnshire by way of the provision of social welfare and education activities centred on a community centre.
Public benefit
The trustees have had regard to the Charity Commission's guidance on public benefit.
Volunteers & partner agencies
The charity relies upon the valued support of its volunteers and partner agencies.
FINANCIAL REVIEW
Reserves policy
The Charity does not have a formal Reserves Policy.
Going concern
The trustees consider that the Charity will remain a going concern for at least one year from the date of their approval of the financial statements.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is a Charitable Incorporated Organisation (Association Model) and was registered on 19th February 2019.
Recruitment and appointment of new trustees
The Charity recruits new trustees by way of recommendation, induction and supervision until they are comfortable and effective in their role.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1176065
Principal address
Scartho Community Library St. Giles Avenue Grimsby N E Lincolnshire DN33 2HB
Trustees
P Silvester Trustee J Porter Trustee (resigned 09.02.21) R Shepherd Trustee T Furneaux Trustee (resigned 09.02.21) L Bartlett Trustee
Page 1
Scartho Community Hub
Report of the Trustees for the Year Ended 31 May 2021
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner
HN Sanderson FCIE SKS Bailey Group Limited Chartered Accountants Suite 9 Normanby Gateway Scunthorpe North Lincolnshire DN15 9YG
.
Approved by order of the board of trustees on 22 September, 2022 and signed on its behalf by:
.......................................................................... P Silvester - Trustee
Page 2
Independent Examiner's Report to the Trustees of Scartho Community Hub
Independent examiner's report to the trustees of Scartho Community Hub
I report to the charity trustees on my examination of the accounts of Scartho Community Hub (the Trust) for the year ended 31 May 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
HN Sanderson FCIE Chartered Accountants & Statutory Auditors SKS Bailey Group Limited Suite 9 Normanby Gateway Scunthorpe North Lincolnshire DN15 9YG
Date: 22 September 2022
Page 3
Scartho Community Hub
Statement of Financial Activities for the Year Ended 31 May 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies - Charitable activities Charitable Activities 36,975 Other trading activities 2 - Investment income 3 1 Total 36,976 EXPENDITURE ON Raising funds - Charitable activities Charitable Activities 795 Total 795 NET INCOME 36,181 RECONCILIATION OF FUNDS Total funds brought forward 76,886 TOTAL FUNDS CARRIED FORWARD 113,067 |
2020 Total funds £ 31 16,209 1,573 38 |
|---|---|
| 17,851 530 2,020 |
|
| 2,550 | |
| 15,301 61,585 |
|
| 76,886 |
The notes form part of these financial statements
Page 4
Scartho Community Hub
| Balance Sheet 31 May 2021 2021 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 115,047 CREDITORS Amounts falling due within one year 6 (1,980) NET CURRENT ASSETS 113,067 TOTAL ASSETS LESS CURRENT LIABILITIES 113,067 NET ASSETS 113,067 FUNDS 7 Unrestricted funds 113,067 TOTAL FUNDS 113,067 |
2020 Total funds £ 78,146 (1,260) 76,886 76,886 76,886 76,886 76,886 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. P Silvester - Trustee
The notes form part of these financial statements
Page 5
Scartho Community Hub
Notes to the Financial Statements for the Year Ended 31 May 2021
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
TAXATION
The charity is exempt from tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | |||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Coffee shop income | - | 1,306 | |
| Meal income | - | 267 | |
| - | 1,573 |
Page 6
continued...
Scartho Community Hub
Notes to the Financial Statements - continued
for the Year Ended 31 May 2021
3. INVESTMENT INCOME
| INVESTMENT INCOME | |||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Interest received | 1 | 38 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 May 2021 nor for the year ended 31 May 2020.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 May 2021 nor for the year ended 31 May 2020.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 31 |
| Charitable activities | |
| Charitable Activities | 16,209 |
| Other trading activities | 1,573 |
| Investment income | 38 |
| Total | 17,851 |
| EXPENDITURE ON | |
| Raising funds | 530 |
| Charitable activities | |
| Charitable Activities | 2,020 |
| Total | 2,550 |
| NET INCOME | 15,301 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 61,585 |
| TOTAL FUNDS CARRIED FORWARD | 76,886 |
continued...
Page 7
Scartho Community Hub
Notes to the Financial Statements - continued for the Year Ended 31 May 2021
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| £ | £ | |||
| Other creditors | 1,980 | 1,260 | ||
| 7. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.6.20 | in funds | 31.5.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 76,886 | 36,181 | 113,067 | |
| TOTAL FUNDS | 76,886 | 36,181 | 113,067 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 36,976 | (795) | 36,181 | |
| TOTAL FUNDS | 36,976 | (795) | 36,181 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.6.19 | in funds | 31.5.20 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 61,585 | 15,301 | 76,886 | |
| TOTAL FUNDS | 61,585 | 15,301 | 76,886 |
continued...
Page 8
Scartho Community Hub
Notes to the Financial Statements - continued for the Year Ended 31 May 2021
7. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 17,851 | (2,550) | 15,301 |
| TOTAL FUNDS | 17,851 | (2,550) | 15,301 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.6.19 | in funds | 31.5.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 61,585 | 51,482 | 113,067 |
| TOTAL FUNDS | 61,585 | 51,482 | 113,067 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 54,827 | (3,345) | 51,482 |
| TOTAL FUNDS | 54,827 | (3,345) | 51,482 |
continued...
Page 9
Scartho Community Hub
Notes to the Financial Statements - continued for the Year Ended 31 May 2021
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 May 2021.
Page 10
Scartho Community Hub
Detailed Statement of Financial Activities
for the Year Ended 31 May 2021
| 2021 | 2020 | 2020 | |
|---|---|---|---|
| £ | £ | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies | |||
| Donations | - | 31 | |
| Other trading activities | |||
| Coffee shop income | - | 1,306 | |
| Meal income | - | 267 | |
| - | 1,573 | ||
| Investment income | |||
| Interest received | 1 | 38 | |
| Charitable activities | |||
| Printing | - | 271 | |
| Classes and events | 1,584 | 11,934 | |
| Other income | 2,273 | 622 | |
| Grants | 23,118 | 3,382 | |
| Covid grant | 10,000 | - | |
| 36,975 | 16,209 | ||
| Total incoming resources | 36,976 | 17,851 | |
| EXPENDITURE | |||
| Other trading activities | |||
| Purchases | - | 530 | |
| Charitable activities | |||
| Telephone | - | 25 | |
| Postage and stationery | - | 28 | |
| Sundries | - | 148 | |
| Cleaning | - | 911 | |
| Cash differences | - | (91) | |
| Entertainment and prizes | - | 66 | |
| Repairs and renewals | - | 144 | |
| - | 1,231 | ||
| Support costs | |||
| Finance | |||
| Bank charges | 75 | 159 |
This page does not form part of the statutory financial statements
Page 11
Scartho Community Hub
Detailed Statement of Financial Activities
| Finance Other Accountancy Total resources expended Net income |
for the Year Ended 31 May 2021 2021 2020 £ £ 720 630 795 2,550 36,181 15,301 |
for the Year Ended 31 May 2021 2021 2020 £ £ 720 630 795 2,550 36,181 15,301 |
|---|---|---|
| 2,550 | ||
| 15,301 |
This page does not form part of the statutory financial statements
Page 12