Charity registration number: 1176851
Bishops Hull Hub CIO
(A charity limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 October 2024
Bishops Hull Hub CIO
Charity number: 1176851
Annual reports and financial statements for the year ended the 31 October 2024
Contents
| Contents | |
|---|---|
| Trustees Report | 3 to 4 |
| Independent Examiner's Report | 5 |
| Receipts and payments | 6 |
| Statement of assets and liabilities | 7 |
| Notes to the Financial Statements | 8 onwards |
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Charity number: 1176851
Bishops Hull Hub CIO
Annual reports and financial statements for the year ended the 31 October 2024
Trustees Report for the Year Ended 31 October 2024
Trustees Report
For Bishops Hull Hub CIO
Formerly Bishops Hull Hub Ltd
Charity Registra�on Number: 1176851
List of Trustees during the year:
Jonathan David Lee (Chair) David Roberts Gurr (appointed 1 March 2024)
Kathleen Frith (appointed 1 June 2024)
Richard Holland
Leanne Lee
Kathryn Cooper (appointed 1 March 2024)
Claire Plumbly (resigned 1 March 2024)
Ma�hew Chappell (resigned 1 March 2024))
Governance
without dis�nc�on of sex, sexual orienta�on, race or of poli�cal, religious or other opinions by associa�ng together the residents and the local authori�es, voluntary and other organisa�ons in a common effort to advance educa�on and to provide facili�es in the interests of social welfare for recrea�on and leisure �me occupa�on, with the objec�ve of improving the condi�ons of life for the residents..
Objec�ves and ac�vi�es
The principal purpose of the charity is to provide and manage a facility, in the form of a village hall, to further the educa�on and leisure opportuni�es for our community,
The Hub is available for hire from all of the community for use by all from all backgrounds and demographics. Bishops Hull Hub are proud of the diversity and range of people who are able to use and benefit from the facility.
The Charity also provides a free facility to local groups such as a baby group, the local School PTA and a Youth Club to further support the local community.
The volunteers of the charity operate a monthly community cafe and events such as Christmas Santa event, Easter trail and quiz nights to provide entertainment and social engagement for the residents.
a memorial garden in the village for the enjoyment of the villagers.
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Charity number: 1176851
Bishops Hull Hub CIO
Annual reports and financial statements for the year ended the 31 October 2024
Trustees Report for the Year Ended 31 October 2024 - continued
have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievements and Future Plans
The year has seen a steady increase in the number of regular groups using the facility, including a weekly Church Mee�ng. The trustees have invested further in the facility with maintenance such as a complete redecora�on of the hall, the replacing of the entrance gates and the surfacing of the entrance road to improve accessibility.
Detailed plans have been drawn up and approved for the crea�on of a Sensory Garden in the grounds of the Hub, to benefit the residents of the village and the Trustees will be seeking grants to enable the work to be carried out.
Grants are also being sought to enable the installa�on of solar ba�eries.
Addi�onal work planned is the installa�on of further security to avoid unwelcome encampments and also the making of further accessibility improvements.
Financial Review
The trustees aim to maintain free cash reserves in unrestricted funds at a level which equates to approximately twelve months of the minimum required expenditure, to maintain the facility without genera�ng funds from its normal charitable ac�vi�es over the twelve-month period.
At the year end the charity had £34,529 of free, and £605 of restricted, cash reserves (2023: £15,394 All free). This amount is more than the 12 months running costs best prac�se reserve policy set out by the charity. The addi�onal surplus is being accrued to help fund future plans and any large unforeseen maintenance costs.
The annual report was approved by the trustees of the charity on……………………… and signed on its behalf by: 4th June 2025
………………………………………….. Trustee
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Charity number: 1176851
Bishops Hull Hub CIO
Annual reports and financial statements for the year ended the 31 October 2024
Independent Examiner's Report to the trustees of Bishops Hull Hub CIO
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 October 2024 which are set out on pages 6 onwards.
Respective responsibilities of trustees and examiner
As the charity's trustees of Bishops Hull Hub CIO, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“The Act”).
Having satisfied myself that the accounts of Bishops Hull Hub CIO are not required to be audited and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of Bishops Hull Hub CIO as required by section 130 of the Act; or
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the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
…………………………………………..
26/08/2025
Cooper Associates Accountants
40 St James Buildings, St james Street, Taunton, TA1 1JR
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Bishops Hull Hub CIO
Charity number: 1176851
Annual reports and financial statements for the year ended the 31 October 2024
Receipts and payments for the year ended 31 October 2024
| Receipts – Note 2 Fundraising events Hire of Hall Donations, legacies and grants Total Receipts Payments – Note 3 Cost of charitable activities Advertising Audit & Accountancy Fees Bad Debt Bank Fees Cleaning Consulting Depreciation Expense Flower show expenses Garden expenses General Expenses Insurance Interest Paid IT Software & Consumables Legal Expenses Light, Power, Heating Rates Repairs & Maintenance Subscriptions Telephone & Internet Loan capital repayments Other expenditure Total Payments Surplus / (deficit) for year |
2024 Un - restricted Restricted Total |
2023 Un - restricted Restricted Total |
|---|---|---|
| £ £ £ 11,698 - 11,698 27,184 - 27,184 1,958 1,041 2,999 - - - 40,840 1,041 41,881 2,398 400 2,798 - - - 163 - 163 - - - 491 - 491 3,334 - 3,334 - - - - - - 358 36 394 89 - 89 1,867 - 1,867 1,681 - 1,681 721 - 721 182 - 182 - - - 1,853 - 1,853 1,217 - 1,217 2,932 - 2,932 1,239 - 1,239 210 - 210 - - - - - - 18,735 436 19,171 22,105 605 22,710 |
£ £ £ 9,275 - 9,275 22,619 - 22,619 497 400 897 - - - |
|
| 32,391 400 32,791 5,053 400 5,453 22 - 22 435 - 435 64 - 64 633 - 633 3,888 - 3,888 408 - 408 7,515 - 7,515 - - - - - - 145 - 145 1,694 - 1,694 1,298 - 1,298 302 - 302 - - - 2,955 - 2,955 1,147 - 1,147 7,649 - 7,649 595 - 595 190 - 190 - - - - - - |
||
| 33,993 400 34,393 |
||
| (1,602) - (1,602) |
All the charity's activities derive from continuing operations during the above two periods.
The notes on pages 8 onwards form an integral part of these financial statements
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Bishops Hull Hub CIO Charity number: 1176851
Annual reports and financial statements for the year ended the 31 October 2024
Statement of assets and liabilities as at the 31 October 2024
| Current assets – Note 4 Prepayments Debtors Bank Cash Total current assets Fixed assets – Note 5 Buildings Fixtures & fittings Total fixed assets Total assets Current liabilities due in 1 year – Note 6 Accruals Deferred income Other creditors Playing Field Trust Loan BHPC Loan Total current liabilities due in 1 year Long term liabilities – Note 6 Playing Field Trust Loan due after 1 year BHPC Loan due after 1 year Total liabilities due in more than 1 year Total liabilities Net funds brought forward Surplus / (deficit) for period Net funds |
2024 2023 Unrestricted Restricted Total Total £ £ £ £ 927 2,605 34,479 605 35,084 15,344 50 - 50 50 |
|---|---|
| 34,529 605 35,134 18,926 570,499 570,499 570,499 12,020 12,020 12,020 |
|
| 582,519 - 582,519 582,519 |
|
| 617,048 605 617,653 601,445 |
|
| 1,591 1,215 2,400 750 750 750 531 531 531 |
|
| 1,281 - 1,281 6,487 4,500 4,500 5,250 47,346 47,346 47,892 |
|
| 51,846 - 51,846 53,142 |
|
| 53,127 - 53,127 59,629 |
|
| 541,816 - 541,816 543,418 22,105 605 22,710 (1,602) 563,921 605 564,526 541,816 |
The annual report was approved by the trustees of the charity on……………………… and signed on its behalf by: 4th June 2025 ………………………………………….. Trustee
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Bishops Hull Hub CIO Charity number: 1176851
Annual reports and financial statements for the year ended the 31 October 2024
Notes to the financial statements for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
During the year, the charity changed its basis of accounting from the accrual basis (in accordance with the Charities SORP FRS 102) to the receipts and payments basis, as permitted under the Charities Act 2011. The trustees made this change as the charity’s gross income for the year ended 31 October 2024 was below the £250,000 threshold and they considered that the receipts and payments basis is more appropriate and proportionate for the charity’s size and complexity. The trustees have not restated the prior year accounts which were prepared on an accrual’s basis and as such, the prior year information is not entirely comparable
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Income & expenditure recognition
All income & expenditure is recognised on the date the charity receives or pays it.
Taxation
The charity is a registered charity and is therefore exempt from taxation.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Depreciation
During the 2024 accounting year the charity changed the basis of its accounts from accruals basis to receipts and payments basis. All assets up to the 31 Oct 2023 are held at historic cost less depreciation and shown in the Statement of Assets and Liabilities. All future asset purchases will be shown in the Statement of Assets and Liabilities at cost.
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Bishops Hull Hub CIO
Charity number: 1176851
Annual reports and financial statements for the year ended the 31 October 2024
Notes to the financial statements for the year ended 31 October 2024
2 Receipts
Fundraising events income
| Café income Village lottery Event income Flower show Total fundraising events income |
2024 2023 £ £ 3,413 3,307 2,746 2,448 - 3,520 5,539 - 11,698 9,275 |
|---|---|
All events income was fully unrestricted in 2023 & 2024 accounting years.
Donations, grants and legacy receipts
| Other revenue Grant income HMRC Gift Aid Regular donations Total cash funds |
2024 2023 Un- restricted Restricted Total Un- restricted Restricted Total £ £ £ £ £ £ - 641 641 227 - 227 - 400 400 - 400 400 1,958 - 1,958 - - - - - - 270 - 270 |
|---|---|
| 1,958 1,041 2,999 497 400 897 |
3 Payments
Cost of charitable activities
| ost of charitable activities | |
|---|---|
| Cost of goods sold Direct expenses Village lottery prizes Youth club expenses Total cash funds |
2024 2023 Un- restricted Restricted Total Un- restricted Restricted Total £ £ £ £ £ £ - - - 714 - 714 1,712 400 2,112 3,620 400 4,020 662 - 662 719 - 719 24 - 24 - - - |
| 2,398 400 2,798 5,053 400 5,453 |
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Bishops Hull Hub CIO Charity number: 1176851
Annual reports and financial statements for the year ended the 31 October 2024
Notes to the financial statements for the year ended 31 October 2024
4 Bank and cash balances
Cash and cash equivalents includes cash in hand and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
5 Fixed assets
Assets held at transition from Accruals Accounting to Receipts and Payments Accounting are held at historic cost less accumulated depreciation in the Statement of Assets and Liabilities. All further assets are recorded as expenses in the Receipts and Payments account in the period in which they are paid for. They are then included in the Statement of assets and liabilities at each year end.
6 Liabilities
A loan of £49,975 from HM Treasury was received in 2020 and is repayable over 49 years at a fixed interest rate of 2.67% for the duration of the loan. At the 31 Oct 2024 there was 45 years and £47,878 remaining (2023: £48,423). £531 of this is due within 1 year.
A second loan of £7,500 was received from Bishops Hull Playing Field Trust in 2021. It is repayable over 10 years and is interest free. At the 31 Oct 2024 there was 7 years and £5,250 remaining (2023: £4,250). £750 of this is due within 1 year.
7 Trustees remuneration and expenses
During the year the charity made the following transactions with trustees:
£1,438 (2023: £1,292) of expenses were reimbursed to 5 (2023: 4) trustees during the year in respect of fundraising expenses and professional fees. No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. Donations made by the trustees without any conditions attached totalled £1,155 for the year (2023: £140).
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