Digitally Signed Document Document ID: F4CF14D9FC0DA5
## Document Details:
|**Filename:**|1. SC004HNS-Charities report - 22.2-CHA.PDF|
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|**Client of:**|SKS Bailey Group Limited|
## Signature Details
|**Name:**|Adrian Wilson|
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|**Email:**|adrian.wilson1969@btconnect.com|
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|**Date & Time:**|05/05/2023 15:14:24 PM (BST)|
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|**IP Address:**|51.219.226.51|
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|**Signing Statement:**|Adrian Wilson agrees and approves the contents
of this document.|
## Digital Certificate
The approved PDF file has been digitally certified. Please check the Digital Certificate information in your PDF viewer to verify the Digital Certificate authenticity and the PDF has not been tampered with.
|**On behalf of:**|SKS Bailey Group Limited|
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|**PDF digital certificate:**|IRIS Software Group Limited|
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|**Digital certificate issued by:**|GlobalSign|
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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