REGISTERED CHARITY NUMBER: 1176065
Report of the Trustees and
Financial Statements for the Year Ended 31 May 2024
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 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
Scartho Community Hub
Report of the Trustees for the Year Ended 31 May 2024
The trustees present their report with the financial statements of the charity for the year ended 31 May 2024. 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
.
Page 1
Scartho Community Hub
Report of the Trustees for the Year Ended 31 May 2024
Approved by order of the board of trustees on 20 February 2025 and signed on its behalf by:
Mr P Silvester - Trustee
Page 2
Scartho Community Hub
Statement of Financial Activities
for the Year Ended 31 May 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Charitable activities Charitable Activities 24,097 EXPENDITURE ON Charitable activities Charitable Activities 16,097 Other 1,098 Total 17,195 NET INCOME/(EXPENDITURE) 6,902 RECONCILIATION OF FUNDS Total funds brought forward 122,432 TOTAL FUNDS CARRIED FORWARD 129,334 |
2023 Total funds £ 21,234 21,829 772 22,601 (1,367) 123,799 122,432 |
|---|---|
The notes form part of these financial statements
Page 3
Scartho Community Hub
Balance Sheet
31 May 2024
| 2024 Unrestricted fund Notes £ CURRENT ASSETS Debtors 4 2,403 Cash at bank 139,902 142,305 CREDITORS Amounts falling due within one year 5 (12,971) NET CURRENT ASSETS 129,334 TOTAL ASSETS LESS CURRENT LIABILITIES 129,334 NET ASSETS 129,334 FUNDS 6 Unrestricted funds 129,334 TOTAL FUNDS 129,334 |
2023 Total funds £ 2,449 137,311 139,760 (17,328) 122,432 122,432 122,432 122,432 122,432 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 20 February 2025 and were signed on its behalf by:
Mr P Silvester - Trustee
The notes form part of these financial statements
Page 4
Scartho Community Hub
Notes to the Financial Statements for the Year Ended 31 May 2024
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 2024 nor for the year ended 31 May 2023.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 May 2024 nor for the year ended 31 May 2023.
Page 5
continued...
Scartho Community Hub
Notes to the Financial Statements - continued for the Year Ended 31 May 2024
| 3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Charitable activities Charitable Activities EXPENDITURE ON Charitable activities Charitable Activities Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other Debtor Prepayments |
Unrestricted fund £ 21,234 21,829 772 22,601 (1,367) 123,799 122,432 2024 2023 £ £ - 584 2,403 1,865 2,403 2,449 |
|---|---|
Page 6
continued...
Scartho Community Hub
| Notes to the Financial Statements-continued | ||||
|---|---|---|---|---|
| for the Year Ended 31 May 2024 | ||||
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Trade creditors | 11,103 | 15,809 | ||
| Other creditors | 1,868 | 1,519 | ||
| 12,971 | 17,328 | |||
| 6. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.6.23 | in funds | 31.5.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 122,432 | 6,902 | 129,334 | |
| TOTAL FUNDS | 122,432 | 6,902 | 129,334 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 24,097 | (17,195) | 6,902 | |
| TOTAL FUNDS | 24,097 | (17,195) | 6,902 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.6.22 | in funds | 31.5.23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 123,799 | (1,367) | 122,432 | |
| TOTAL FUNDS | 123,799 | (1,367) | 122,432 |
continued...
Page 7
Scartho Community Hub
Notes to the Financial Statements - continued for the Year Ended 31 May 2024
6. 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 | 21,234 | (22,601) | (1,367) |
| TOTAL FUNDS | 21,234 | (22,601) | (1,367) |
| A current year 12 months and prior year 12 months combined position is as follows: | |||
| Net | |||
| movement | At | ||
| At 1.6.22 | in funds | 31.5.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 123,799 | 5,535 | 129,334 |
| TOTAL FUNDS | 123,799 | 5,535 | 129,334 |
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 | 45,331 | (39,796) | 5,535 |
| TOTAL FUNDS | 45,331 | (39,796) | 5,535 |
continued...
Page 8
Scartho Community Hub
Notes to the Financial Statements - continued for the Year Ended 31 May 2024
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 May 2024.
Page 9
Scartho Community Hub
| INCOME AND ENDOWMENTS Charitable activities Classes and events Total incoming resources EXPENDITURE Charitable activities Wages Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Cleaning Entertainment and prizes Premise Expense Support costs Management Advertising Finance Legal and professional fees Bank charges Other Accountancy Bookkeeping Total resources expended Net income/(expenditure) |
Detailed Statement of Financial Activities for the Year Ended 31 May 2024 2024 2023 £ £ 24,097 21,234 24,097 21,234 - 8,387 502 355 1,865 2,023 5,169 4,842 578 539 444 560 734 515 586 880 - 17 3,284 157 13,162 18,275 142 886 2,793 - 216 203 3,009 203 882 817 - 2,420 882 3,237 17,195 22,601 6,902 (1,367) |
|---|---|
This page does not form part of the statutory financial statements
Page 10