**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|