REGISTERED CHARITY NUMBER: 1176065
Report of the Trustees and
Financial Statements for the Year Ended 31 May 2023
for
Scartho Community Hub
SKS Bailey Group Limited Suite 32/33 Normany Gateway, Lysaghts Way, Scunthorpe North Lincolnshire DN15 9YG
Scartho Community Hub
Contents of the Financial Statements for the Year Ended 31 May 2023
| 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 2023
The trustees present their report with the financial statements of the charity for the year ended 31 May 2023. 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 13 March 2024 and signed on its behalf by:
Mr P Silvester - Trustee
Scartho Community Hub
Statement of Financial Activities for the Year Ended 31 May 2023
| 2023 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Charitable activities Charitable Activities 21,234 EXPENDITURE ON Charitable activities Charitable Activities 21,829 Other 772 Total 22,601 NET INCOME/(EXPENDITURE) (1,367) RECONCILIATION OF FUNDS Total funds brought forward 123,799 TOTAL FUNDS CARRIED FORWARD 122,432 |
2022 Total funds £ 20,253 |
|---|---|
| 9,521 - |
|
| 9,521 | |
| 10,732 113,067 |
|
| 123,799 |
Scartho Community Hub
Balance Sheet
31 May 2023
| 2023 Unrestricted fund Notes £ CURRENT ASSETS Debtors 4 2,449 Cash at bank 137,311 139,760 CREDITORS Amounts falling due within one year 5 (17,328) NET CURRENT ASSETS 122,432 TOTAL ASSETS LESS CURRENT LIABILITIES 122,432 NET ASSETS 122,432 FUNDS 6 Unrestricted funds 122,432 TOTAL FUNDS 122,432 |
2022 Total funds £ 3,194 135,187 138,381 (14,582) 123,799 123,799 123,799 123,799 123,799 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 13 March 2024 and were signed on its behalf by:
Mr P Silvester - Trustee
Scartho Community Hub
Notes to the Financial Statements for the Year Ended 31 May 2023
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. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 May 2023 nor for the year ended 31 May 2022.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 May 2023 nor for the year ended 31 May 2022.
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Charitable activities | |
| Charitable Activities | 20,253 |
| EXPENDITURE ON | |
| Charitable activities | |
| Charitable Activities | 9,521 |
| NET INCOME | 10,732 |
Scartho Community Hub
Notes to the Financial Statements - continued for the Year Ended 31 May 2023
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other Debtor Prepayments 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors 6. MOVEMENT IN FUNDS At 1.6.22 £ Unrestricted funds General fund 123,799 TOTAL FUNDS 123,799 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 21,234 TOTAL FUNDS 21,234 |
Unrestricted fund £ 113,067 123,799 2023 2022 £ £ 584 1,544 1,865 1,650 2,449 3,194 2023 2022 £ £ 15,809 3,124 1,519 11,458 17,328 14,582 Net movement At in funds 31.5.23 £ £ (1,367) 122,432 (1,367) 122,432 Resources Movement expended in funds £ £ (22,601) (1,367) (22,601) (1,367) |
|---|---|
Scartho Community Hub
Notes to the Financial Statements - continued for the Year Ended 31 May 2023
6. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
At 1.6.21 £ 113,067 113,067 |
Net movement in funds £ 10,732 10,732 |
At 31.5.22 £ 123,799 |
|---|---|---|---|
| 123,799 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 20,253 | (9,521) | 10,732 |
| TOTAL FUNDS | 20,253 | (9,521) | 10,732 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.6.21 £ 113,067 113,067 |
Net movement in funds £ 9,365 9,365 |
At 31.5.23 £ 122,432 |
|---|---|---|---|
| 122,432 |
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 | 41,487 | (32,122) | 9,365 |
| TOTAL FUNDS | 41,487 | (32,122) | 9,365 |
Scartho Community Hub
Notes to the Financial Statements - continued for the Year Ended 31 May 2023
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 May 2023.
Scartho Community Hub
Detailed Statement of Financial Activities for the Year Ended 31 May 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Charitable activities | ||
| Classes and events | 21,234 | 20,253 |
| Total incoming resources | 21,234 | 20,253 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 8,387 | - |
| Rates and water | 355 | 541 |
| Insurance | 2,023 | 330 |
| Light and heat | 4,842 | 5,654 |
| Telephone | 539 | 941 |
| Postage and stationery | 560 | 468 |
| Sundries | 515 | 251 |
| Cleaning | 880 | 86 |
| Entertainment and prizes | 17 | - |
| Premise Expense | 157 | 122 |
| 18,275 | 8,393 | |
| Support costs | ||
| Management | ||
| Advertising | 886 | - |
| Finance | ||
| Bank charges | 203 | 172 |
| Information technology | ||
| HMRC penalties | - | 200 |
| Other | ||
| Accountancy | 817 | 756 |
| Bookkeeping | 2,420 | - |
| 3,237 | 756 | |
| Total resources expended | 22,601 | 9,521 |
| Net (expenditure)/income | (1,367) | 10,732 |