Digitally Signed Document Document ID: F4CF14D9FC0DA5
Document Details:
| Filename: | 1. SC004HNS-Charities report - 22.2-CHA.PDF |
|---|---|
| Client of: | SKS Bailey Group Limited |
Signature Details
| Name: | Adrian Wilson |
|---|---|
| Email: | adrian.wilson1969@btconnect.com |
| Date & Time: | 05/05/2023 15:14:24 PM (BST) |
| IP Address: | 51.219.226.51 |
| Signing Statement: | Adrian Wilson agrees and approves the contents of this document. |
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| On behalf of: | SKS Bailey Group Limited |
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REGISTERED CHARITY NUMBER: 1176065
Report of the Trustees and
Financial Statements for the Year Ended 31 May 2022
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 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Statement of Financial Activities | 2 | ||
| Balance Sheet | 3 | ||
| Notes to the Financial Statements | 4 | to | 7 |
| Detailed Statement of Financial Activities | 8 |
Scartho Community Hub
Report of the Trustees for the Year Ended 31 May 2022
The trustees present their report with the financial statements of the charity for the year ended 31 May 2022. 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
Mr P Silvester Trustee Mr R Shepherd Trustee Mr L Bartlett Trustee
.
Approved by order of the board of trustees on 28 April 2023 and signed on its behalf by:
Mr P Silvester - Trustee
Page 1
Scartho Community Hub
Statement of Financial Activities for the Year Ended 31 May 2022
| 2022 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Charitable activities Charitable Activities 20,253 Investment income 2 - Total 20,253 EXPENDITURE ON Charitable activities Charitable Activities 9,521 NET INCOME 10,732 RECONCILIATION OF FUNDS Total funds brought forward 113,067 TOTAL FUNDS CARRIED FORWARD 123,799 |
2021 Total funds £ 36,975 1 |
|---|---|
| 36,976 | |
| 795 | |
| 36,181 76,886 |
|
| 113,067 |
The notes form part of these financial statements
Page 2
Scartho Community Hub
Balance Sheet
31 May 2022
| 2022 Unrestricted fund Notes £ CURRENT ASSETS Debtors 5 3,194 Cash at bank 135,187 138,381 CREDITORS Amounts falling due within one year 6 (14,582) NET CURRENT ASSETS 123,799 TOTAL ASSETS LESS CURRENT LIABILITIES 123,799 NET ASSETS 123,799 FUNDS 7 Unrestricted funds 123,799 TOTAL FUNDS 123,799 |
2021 Total funds £ - 115,047 115,047 (1,980) 113,067 113,067 113,067 113,067 113,067 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 28 April 2023 and were signed on its behalf by:
Mr P Silvester - Trustee
The notes form part of these financial statements
Page 3
Scartho Community Hub
Notes to the Financial Statements for the Year Ended 31 May 2022
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. INVESTMENT INCOME
| INVESTMENT INCOME | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| £ | £ | |||
| Interest received | - | 1 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 May 2022 nor for the year ended 31 May 2021.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 May 2022 nor for the year ended 31 May 2021.
continued...
Page 4
Scartho Community Hub
Notes to the Financial Statements - continued for the Year Ended 31 May 2022
| 4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Charitable activities Charitable Activities Investment income Total EXPENDITURE ON Charitable activities Charitable Activities NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other Debtor Prepayments 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors |
Unrestricted fund £ 36,975 1 36,976 795 36,181 76,886 113,067 2022 2021 £ £ 1,544 - 1,650 - 3,194 - 2022 2021 £ £ 3,124 - 11,458 1,980 14,582 1,980 |
Unrestricted fund £ 36,975 1 36,976 795 36,181 76,886 113,067 2022 2021 £ £ 1,544 - 1,650 - 3,194 - 2022 2021 £ £ 3,124 - 11,458 1,980 14,582 1,980 |
Unrestricted fund £ 36,975 1 36,976 795 36,181 76,886 113,067 2022 2021 £ £ 1,544 - 1,650 - 3,194 - 2022 2021 £ £ 3,124 - 11,458 1,980 14,582 1,980 |
|---|---|---|---|
| 36,976 | |||
| 795 | |||
| 36,181 76,886 |
|||
| 113,067 | |||
| 2021 £ - - - 2021 £ - 1,980 1,980 |
|||
Page 5
continued...
Scartho Community Hub
Notes to the Financial Statements - continued for the Year Ended 31 May 2022
7. MOVEMENT IN FUNDS
| At 1.6.21 £ Unrestricted funds General fund 113,067 TOTAL FUNDS 113,067 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 20,253 TOTAL FUNDS 20,253 Comparatives for movement in funds At 1.6.20 £ Unrestricted funds General fund 76,886 TOTAL FUNDS 76,886 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 36,976 TOTAL FUNDS 36,976 |
Net movement At in funds 31.5.22 £ £ 10,732 123,799 10,732 123,799 Resources Movement expended in funds £ £ (9,521) 10,732 (9,521) 10,732 Net movement At in funds 31.5.21 £ £ 36,181 113,067 36,181 113,067 Resources Movement expended in funds £ £ (795) 36,181 (795) 36,181 |
|---|---|
Page 6
continued...
Scartho Community Hub
Notes to the Financial Statements - continued for the Year Ended 31 May 2022
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.6.20 £ 76,886 76,886 |
Net movement in funds £ 46,913 46,913 |
At 31.5.22 £ 123,799 |
|---|---|---|---|
| 123,799 |
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 | 57,229 | (10,316) | 46,913 |
| TOTAL FUNDS | 57,229 | (10,316) | 46,913 |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 May 2022.
Page 7
Scartho Community Hub
Detailed Statement of Financial Activities for the Year Ended 31 May 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Investment income | ||
| Interest received | - | 1 |
| Charitable activities | ||
| Classes and events | 20,253 | 1,584 |
| Other income | - | 2,273 |
| Grants | - | 23,118 |
| covid grant | - | 10,000 |
| 20,253 | 36,975 | |
| Total incoming resources | 20,253 | 36,976 |
| EXPENDITURE | ||
| Charitable activities | ||
| Rates and water | 541 | - |
| Insurance | 330 | - |
| Light and heat | 5,654 | - |
| Telephone | 941 | - |
| Postage and stationery | 468 | - |
| Sundries | 251 | - |
| Cleaning | 86 | - |
| Premise Expense | 122 | - |
| 8,393 | - | |
| Support costs | ||
| Finance | ||
| Bank charges | 172 | 75 |
| Information technology | ||
| HMRC penalties | 200 | - |
| Other | ||
| Accountancy | 756 | 720 |
| Total resources expended | 9,521 | 795 |
| Net income | 10,732 | 36,181 |
This page does not form part of the statutory financial statements
Page 8