Company EStratIOn number.. 09566460 Charity registration number. 1178906 Wilstockhub Annual Report and Financial Statements lor the Period from 1 May 2022 to 30 October 2023 •ADEIIR16* 2511012024 COMPANIES HOUSE A24 04
Wilslo¢khub Contents Reference and Administrative Delails Trustees, Rewt 2to7 Statement of Trustees, Responsibililtes Independent Examir*rfs Report slaternt of Financial Activities 10 Balan Sheet 11 Notes to the Financial SLqtements 12to18
Wilstockhub Reference and Administrative Details Trustees Mr A S E Bradford Mr R J Brown The Revd J Ha$l8m- Resigned 7 August 2023 MrsEAKay Mr M S Punni Mr W J Revans MrEJRyan Mrs L R Spelman-lves Prlnclpal Office 11 Willstock Way Wilstock Village North Petherton Somer5el TA5 2RR Company Registration Numbor 09566460 Charfty Reglstratlon Number 1178906 Ind¢pfrndent Examlner Mr G Roberts FCCA Maxwells Chartered Accountsnts 4 King Square Bridgwater Somersel TA6 3YF Page I Company registration number 09566460 Charity Registration number 1178906
Wilstockhub Trustees. Report The trustees. who are directors for the purposes of company law. present the annual report together with the financial statements of the Gharitable Company for the period from 1 May 2022 to 30 October 2023 Objectlves and actlvltles The charity's objects are for the public benefit. IA) To furtherthe benefrt of residents of Wilstock. Sttxkmoor and rts enwrons, without distinctlon of sex. sexual orientation. racAg or polrtical. religious or othei opinions by association of the said Trsidents. the Local Authorities. voluntary and other organisations in a common effort to advance edtJ¢ation and to provide facilities in the interests of social welfare, for the recreab'on and leisure time occupation with the objects ol improving the conditions of lrfe for the residents. (B) To prote¢t and safeguard the health of the public at large in Ihe wea of benefil by Ihe provision of antenatal care. parenting classes. access to health visitOT5 and such other support consistentwith thes& provIsnS that are charitable acc(Yding to the law of England and Wales. . General charitable servKes . Educats'onttraining Disability . The prevention of povety EnvironrnenVConservalionlHeritsge Economiclcommunity OevelopmentlEmployment Human rtghtslReligious or Racial HanY1Equa1ty or Diversity Who . Childrenlyoung people Elderlylold people People wilh disabilities . The general publiclmankind How . Makes grants to individuals . Provides BuildingslFa¢ilib'etslOpen $p8ce . Provides seThices . Provides advocacylAdV1nforrnation . Sponsors or undertakes research . Acts as an Umbla or resource body . Other charitsble adivities The trustees confinn that they have wmplted Wbth the requirements of section 17 of the Charities Act 2011 to have due regard to the wblic benefit guidance published by the Charity Commission for England and Wales. P&p2 Company registration number 09566460 Charity Registration number 1178906
Wilstockhub Trustees, Report Revlew of Developments, Actlvitles and Achlevements As mandated by our charitable stabjs, we are dedicaled to priorilising public benefit and adherirYJ to the requirements set forth by the CharFty CommissK)n. The toard of trustees is unwavèring in their Commitment to realise Ihe strategic Msion of Wilskhub. establishing a community centre that ser¥es as a I( winl for residents of Wilstock. Stockmoor arKI the wider community. Throughout this reFMJrting period, our efforts have been Lx)ncentrating on rasing the necessary funds of £1.5m to construct a commLJnity hub and we have made SignifinI Progress towards achieving this goal. We also concentrated on going out to tender and getting the groundworks started as this takes away ¢)ur biggest risk. Our jourrw So far... We were incredibly fortunate to receive a generous grft of land Irom Bloor Homes South West in 2020 which enabled us to advance with our plans to build a community hLb. All essential planning permissions have teen successlully secured, undersLoring our dedicats'on to being a communlty4ed initiative that calers to tjoth present and future needs. This project has been no easy feat but despjte having namgaled through unfamiliar territory and al times quite daunting and challenging, with detemination and perseveiance we saw each challenge as an opportunity tor growth. we have leamed a lot through this transfomative joumey and discovered the power ol persistence and continuous leaming. Every set back served as a steppingstone towards progress. The process of building something meaninglul for the community has been immensely rewarding, proving Ihat even amidst uertainty, passKJn4riven actions can lead to tarrfJible outcomes. We will keep going. Our deslinalion is to cullivate a wbranl commLJnity within Wilstwk & Stockmoor where individuals are eager to live. work. play and leam - a concept known as plaMaking. Investing wi1skub will not only ¢reate a valuable community assel but also inspire residents tolh current and prospective to leverage all that we collectively hold dear in fostering everyone's health. happiness and overall well- being. Our work wthin the Wilstock & Stockmoor communilies is slill driven by five core principles: Connecting, beir¥J active, taking noti by li*ening. leaming and giving to olhers for a vibrant environment that promotes qualty of lile. Actlvllle6 undertaken Nature events. We continue to keep workiTrJ lowards achievirvJ net zero ¢artrx)n emissions through events promoting a healthier lifestyle with environmentsl eThJagement, (Jimmunty involvenEnt in local produ cultivation, and education on recycling practices. Wilstockhub's environmental & conservation ami is known as'Lithe nature folk, A mulligenerats'onal idea. Looking after our local environment, gardenirg. growing fruit and vwJ. helping bees, butterflies and wildlife. being taught by older people to younger people makes it a muttigenerational project. promoting mental and physical wellbeing for all ages keeping everyone active, taking notice of the environment around them and how rt can be enhanced looking after and nurturing our natural wortd. We will all leam from each other and keep leaming. giving lime for each other breeding happiness. contentment. belonging and helping to eradicate bneliness. Page 3 Company registralion number: 09566460. Charity reglstration nurnr: 117W306
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Wilstockhub Trustees. Report It is amazing what okler folk can teach Irttle folk and little folk always see the extraord¥wy in the ordinary. We have already seen the impact on helpirg people's Mental health. We extended invrtalion$ to Migrant young families fiving in a hotel 1 mile away to join in with communty activities. many of them came and were so grateful. the ¢hildren were so happy it melied our hearts. That one small step made a huge difference to Ih8ir innocent lives. We sourced their home country's treats too. Quite a lot have been integrated wrto local nurserieslschools. The '8ig Lunth. is our most SUS1u1 event throughout the year. attracting over 500 people. inging them t(NJdher is tnJly wonderhjl as there is a lot ol loneliness and isolation within our community. This is an annual event where we fundraise and the MMUnty get on board knowing every penny is going towards the pr¢Jgression of the communty hub. it is a perfect opporttjnity lo talk to people and showcase the wogression to date usir¥J an exhibition stand and il keeps us up to date. listening and confimiing their needs are still the same or new ideas. People also approach us about hiiing the hub. We held lots ot other events building a strong following as well as gainirvJ new volunteers. Partnership Working Livewesl Housing As¢lation. we have 40% social housng in our mixed houslng development. 11 is great lo work with Livewest keeping nnected wth their residents and giving support where we can. BIwT Homes South West, we conlinue a great friendly working relationthip with them and are grateful lor dl thr help and advice when needed. Quantock Landscape Partnerthip Scheme. fund&J by the National H8ritage Lottery comes to an end March 2025, We have thoroughly enjoyed working 1 them and leamt a lot, we will continue the natural environment activities leaming within our community and keep the connection with the Quantock hills whid) is precious to all who live hefe and tyjr community hub will sit al the f¢x>t ofland a view of the Quantock hills. It has been very imrortant to keep doing events in the LY)mmunity, it keeps us conne¢*ed with our benefiaaries including prospective, it builds trust and loyalty keeping and encouraging new end useTS. There are a lot of Veterans past & seNng living in the Mmunity who Come to chal wlh us wantir¢g to help aThJ ofler Iheir services which is really useful to U5 now and in the future. They want a place to belong and need access to servws and to b8 abl& to socialise hthin th8 community. . 2021 Peer revlewed jwrnal article in intemational sludy- TelherirtsJ Natural Capitsl and Cullural Capilal for a More Sustainable Post-COVID-19 Worfd.. 2022- Eden Communiti8s Case Study- Getting thg County Celebraltng. 2022- BBC News Points West- Wilstockhub story & The Big Royal Lunch. 2023- knveWest- 'Doorstep to NeighLKMJrho(Ml Nature ErKJagement'_ Social Value pilot project 2023- QuantiKk Hills Nalional Landscape'old Places, New Fa$.. Nalional report wh did not work 80 well Page 4 Company registration nurnber.. 09566460. Charity regislralon number.. 1178906
Wilstockhub Trustees, Report We tried everything to get the youth on board with the Nature activities but failed miserably with the maj'ority as they fe it was too boring. so this is something we really want to work on to get them involved, It is hard for the Youth as we have no building for them to use. the novelty of doing things in tents has wom off. They have said they are excited to be hawng a Youth club in the hub. We have been trying to get a communty Lottery to take off but it has been very slow. We intend to leaflet through doors as other forms of social media are not working. It is hard to know if the reason is because of the Cost of living. Having spoken to different groups doing the same in their communities, it takes twne to get going. We will persisL Structure. governance and management Istockhub is a private ts)mpany limited by guarantee without capital share. The c¢Jmpany was incorporaled in April 2015 and is registered in EnglarKI Wales with company number 09566460. The company obt&ned charitable slatus in July 2018 with - charity number 1178906. The 9)verning document is the memorandum and articles of association. The trustees can confim that they have complied with the requirements of 5eclion 4 of the charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. The trustees are respKJnsible for the generaf control and management of the charity. All truste8s give their lim& freely and rtteive no renumeration or other financial benefit. Board meetings are held four limes a year wilh additional meetings nVened as required for decision making and matters arising between the four regular meetings. The Wilstockhub holds an Annual General meeli and aims to always be open and accountable. FurthemK)re, the trustees.. Understand their role and responsibililies. Remain informed ol charMJed to the charty law and regulation. Are committed lo Ihe charity's cause lo help deliver its purFoses etiVely. Are satisfied any risks thal have been identified that systems are in place. Ensure Insuran is in plac% as is publ liability. Keep the finances under review. Flnanclal revlew The trustees are respsIble for ke8ping prOr aeojunting records disclose yth reasonab18 aUracY at any ts'me the financial wsition of the char4ty and enable them to ensure that the flnancial ststements comply with the Charities Act 2011. Income lor the year amounted to £422.623 and. alier exFenditure tolaling £33.8411he balance of retained funds was £399,822. These funds comprise mainly cash at the tiank and fixed assets as al the balance sheet date. The amount accumulating in Ihe bank accounl is earrnark for future spend such as on furlher design Work for the hub and gen8ral community eragernenI. Decisions on how to spend mor*y are iaken at board meetings and dl actlvrties considered wilhin the parameters of the risk regster and against our charitable oth'ects. Page 5 Company registration number: 09566460. Charity registralion number: 11789)6
Wilstockhub Trustees. Report Reserves pollcy As a relatively new charity still establishing levels of inojme. we have rL)t yet created a formalised reserves licY. However, it sh(MJld te noted that we do not have any creditors or linancial commitments and therefore we can curtail our expendrture to ensure a healthy reserves18vel is maintained. As the charity develops. we would anticipate our annud expenditure to grow and consequently holding a reserve equivalent to six months 'expenditure would appear prudent whilst the aTd considers the establishment of a formal policy. This policy will involve a review of anticipated spending against known levels of irme, to determine our reserves requirement. Ovgrview The fourth year operating as a charlty has teen exciting and we know the best Is yet to Come. Tbo What: Our aim is to build a communlty hub in a new developmenl, currently housirKJ 5,000 residents with no community facilities. building a hub will prowde a way to deliver muthple services to meet the needs of Mjnty. The Why: Having held multiple community consultations of different teS to reach 1 age groups and making sure, everyone has an equal voice. we have found the vision together. We are a COMffnity-1ed proj&ct. This has formed the design of the building, it will be fit for purpose, th"nging in vital services which are greatly needed to make a change to people's lives whilst also enabling the Ictal economy lo ttourish by encouraging and wholly supporting sorid enterprise. The dltteren¢e we wlll make: A community hub will be the beating heart of the MMunIty, inspiring and emwwering people, giving everyone inclusively. opporbjnities to improve Iheir quality of life addressing health and menlal wellL*ing, social inclusion to help combat loneliness aThJ isolation, giving a sense ol bèlonging and identsty and taking pride in the pla they dl live. This will allow people to live in a multigenerational nnected wmmunity. we believe that social infrastructure is part of liwng in a healihy scKiety. Working with partners such as Local Authorities. Police. Developers, Housing Associations, and others we continue to glow on the platform we created and stay strong. We continue to gain essential skills and leam more. Building more skills and Confiden in going fon¥ard tog8ther. You never stop leaming. The Trustees still enjoy an excellent relationship as a team keeping us strong and loyal to our cause, we draw on each other's strengths arKI skills. We are all happy and proud with what we have achieved so lar on our joumey tcxJether. The facl that we can sèe the dFfference in the PToject's progression is so rewarding it keeps us motivated and dedicatèd. Good leadership, a clear strategy and engagement make it successful. ALx)ve dl we love our community. The Trustees understand ts struggle Yth tiringing in Ihe fulIng, (capital being the hardest) lo allow us to deliver our objects. We are committed to working wilh funders to support our clear need. Once we have achieved our goal. we will work to become suslainable and self-supp)rting. We will inswre the comnKJnity lo connect arKJ protect our natural environmert walk, cycle, reduce our carbon footprint and womote the value aj diversity of rtalure. Pago 6 Company registrabon number: 09566460. Charity registration number.. 1178906
Wilsiockhub Trustees, Report We will be growing fruit and veg in the community grounds involwTWJ thè community from the beginning and erUrage them lo nurture and sow what they seed. The buildirwj will be environmentally friendly. Imlstock and Stod(moor is a new develowient of over 2.000 homes with another SOO planned. Placed either side of a natural county park (fiooj zone) Wilstock village is out on an arm a mile down the road from Slod(moor. We are well located just off the M5. Junctton 24 whith is Ide for travelling to work down to Exeter of up to Bristol and beyond. We are on the edge of the Quanlc¢k hills- an area ol tstandIng natural Beauty. There is a gC mix of housing. Employment opportunities are high. we have the new nwlear kx)wer Statn- Hinkl8y Point C, only 13 miles away. peoFle have moved here from all areas of the country and Europe. S rniles away We have a gianl state- of- the- art battery cell manufacturing facility which will be built crèatsrKJ up to 4,000 jobs. Unfortunately, S106 monies intendgJ for us were diverted to highways, leaMrwJ 5.000 peopfè and growing without any communty facilities. We worked in partnership with 'Locality 'the national organisation for 'Action on comnwnits'es 'who produced an 'Evidence ot need 'retxJrt which o)nlirmed we need a community building. We would Ilke to thank everyone vtho has suptx)rted us and believe in our vision. A huge thank you goes lo.. North Petherton Town Coundl Sedgemoor District Council. (Recently abolishedl. Hinkley Point C. Somerset County Council ISCC agreed post this year end) Garfield Weston £500.000 £350,000 eJoo.000 £194.000 £100,000 With professional guidance of our constrLJCtion agents - Bailey Parb)ership. we have a procurement strategy in pla for Cost management. Quality Assurance. Supplier Diversty and Risk Management. Fulure developments The Trustees will continue to make progress ¥th grant applications. We will constantly review value engineering. We will ntinUe growing our human side lo the brand Ixjilding on the trusl we have masntained so far, We desperately want to start building a community hub! The annual report was approved by the trustees of the charity on 23 October 2024 and signed on its behalf by.. MrEJRyan Tntstee Mrs L R Spelman-lves Trustee Page 7 Company registrati( number: 09566460. Charty registration number.. 1178906
Wilstockhub statement of Trustees. Responsibilities The trustees (who are also the directors of Wilstockhub for the purposes of ¢ompany lawl are responsible for preparing the trustees, report and the financial ststemenls in accordance with the United Kingdom Awounling Stsndards '(Uniled Kingdom Generally AcLepled Accounting Practice) and applicabte law and gulab.0n$. Comparby law requires the trustee5 to prepare financial statements for each financlal year. Under company law the tnjstees must not approve the financial slatemenls unless they are satisfied thal they give a tnje and f8ir view of the state of affai of the charitable company and of its incoming resources and application of resources. including its in)Me and expenditure. for that period. In preparing these financial statements. the trustees are required to: select suitable accounting policies and appty them consistenty: observe the methcrtjs and principles in the Charilies SORP. make judgements and estimates that are reasonable and prudent; stste whether applicable UK Accounting Standards have been followed. subAect to any material dep8rbJres disdosed and explained in the financial stalemenls" and prepare the financial stslements on the going cx)ncem basis unless it is inappropriate lo presume that the charitable company will conlinue in business. The trustees are responsible for keeping adequate accounting records that a sufficient to show and explain the charitsble company's Iransactions and disclose with reasonable accuracy at any trme the financial position of the chafitable company and enable them to ensure that the fin8n¢ial statements comply with Ihe Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hen for taking reasonable slep5 for the prevention and delection of fraud and other irregularities. Approved by the trustees of the charity on 23 Ocaober 2024 and signed on ils behalf by.. MrEJRyan Trustee Mrs L R Spelman-lves Trustee Page 8 Company registratson number.. 09566460. Charity registration numb8r- 1178906
Wilstockhub Independent Examiner's Report to the trustses of Wilstockhub I report on the financial statements of WilstoGkhub for the period from 1 May 2022 to 30 October 2023. which are set out on pages 10 to 17. Responsibilities and Basls of Report As the charity's Iruslees are responsible for the preparab'on of the financial ststemenls, you have elected lo subject the charity's financial statements lo independent examination under section 145 of the Charities A¢1 2011.11 is my responsibility to.. 1. Examine the ffinancial slaterrents under section 145 of the Charities Act 2011.. 2. To follow the proceduTes laid down In the General Directions given by the Charity Commiswon (under section 14515)Ib} of the Charlties Acll., and 3. To st*e whether any parti¢ular matters have come to my attenb'on. Scope of the Indepgndenl Examinatlon An independenl examination involves a review Of the accounting records kept by the charity and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosufes in the financial statements, and Seeking explanations from you as trustees concerning any such mallers. The procedures undertaken do not provide all the evidence that would be required in an audrt and, consequenuy. I do not express an audit opinion on the view given by the accounts. Independent examlner's statement In connection with my examination, no matter has come to my attenlh)n' 1. Which give5 reasonable cause to believe that. in any material respect, the requirements.. a. To keep accounting records in accordance with section 130 of the Charities Act., b. To prepare financial statements which accord with the accounting records and comply with the accounting requirements of the chanb.es Act.. have not been mel,. or 2. To which, in my opinion, attention should be drawn in Order to enable a proper understanding of the financial s ments lo be leached. Gavin Roberts ACA FCCA Maxwells Chartered Accountants 4 King Square Bridgwaler Sornerset TA6 3YF 24 October 2024 Page g
Wilstockhub Statement of Financial Activities for the Period from 1 May 2022 to 30 October 2023 (Including Income and Expenditure Account and Statement of Totsl Recognised Gains and Losses) Total 2023 Total 2022 Unrestrlcted Restrlcted ' InGomg and End0Vfflnts from: Donations and legacies Charitable activities 3.160 3.963 415.500 418.660 3.963 19,741 399 Total Income 415.500 422.623 20.140 Raising funds Charitable activities 15.469 15,469 2,695 14.308 Tolal Expenditure 18.372 15.469 33.841 Net incomel{8xpendTtur8) 11.249 400.031 388.782 Transfers belween hjnds 3.906 Net movement in funds Reconclllatlon of funds Total lunds brought forward Total fvnds carried forward 10 3,497 396.125 399.622 10,840 All ofts ¢hariV$ activities derive from continuing operations durfng the atove periods. The lunds break¢JJwn for 2022 is shown in Th)te 10. The notes on pages 12 to 17 form an integral part of these financial statements. Pag8 10 Company registration number: 09566460. Charity regislration number.. 1178906
Wilstockhub (Registration number: 09566460) Balance Sheet as at 30 October 2023 2023 2022 Flxed assets Tangible assets 227,695 5.256 Current assets Cash at bank and in hand 171.927 Net assets 399 622 10.840 Funds of th• ¢harlty: Restrfcted incomg funds Restft¢ted funds 396,125 Unrestrlcted Incomo funds Unrestricted funds Totsl lund$ 10 399.622 10.840 For the Period from 1 May 2022 to 30 October 2023 the charity was entitled to exemplion from audrt under section 477 of Ihe Companies A¢t 2006 relating to small companies. Dire¢tors' spOnSIbl11t1eS'. The members have not reqUId the Charity to obtsin an audil of its accounts for the year in question in aGcordance with sedion 476: and The directors acknowledge their responsibilities for complying Wbth the quIrernents of the Act with respect lo acwunts'ng recoriis and the preparation of arJ))unts. These aGwunts have been prepared in accordance with the provisions applicable to o?mpanies subject to the small companies regime. The financial statements on pages 10 to 17 were appToved by the trustees. and authorised for issue on 23 October 2024 and signed on their beh8W by-. MrEJRyan Trustee MrsLRS Trustee man-lves The rKfytes on pages 12 10 17 fo an integral part of these finaniial ststements. Page 11 Company registration number: 09566460. Charity regislrabon number: 11789
Wilstockhub Notes to the Financial Statements for the period from 1 May 2022 to 30 October 2023 I Charity status The chanty is limited by share capitsl. The address of tts registered office 1$.. 11 Willstock Way Wilstock Village North Petherton Somerset TA5 2RR These financial stateff*nts We authorised for issue by the trustees on 23 October 2024. 2 Attountlng pollcles Summary of slgnlflcant accounllng pollcles and key accountlng •sllmate8 The princip81 accounting policies applied in the preparation of these financial statements are sel out below. These polici8s have b8en cortsistenlly applied to all the years presented. unless otherwise staled. Stalement of cornpllance The financial statements have been prepared in aceL)rdance with Accounting and Reporting by Charities.. Statement of Recommended Practi¢e applicable to charities preparing their accounts in accordance with the Financial ReFX)rting Standard applicable in the UK and Republic of Ireland IFRS 102) {effective 1 January 20191- (Charities SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and update Bulletin 1 and 2. Thgy also comply with the Companies Acl 20C6 and Charilies Act 2011. Basls of preparatlon Wilsto¢khub meets the definr(ion of a public benefrt entty und8r FRS 102. Assets an¢J liabilities a initially recognised at historical cost or transadion value unless othernise stated in the relevant a¢xounling policy notes. Income and endowmenls All income is recognized once the charty has entement lo the income, il is probably Ihat Ihe income will be reIVed and the affunt of the income can be measured reliably. Page 12 Company registration number.. 09566460. Charity registration number". 1178906
Wilstockhub Notes to the Flnanclal Statemenls for the Perlod from 1 May 2022 to 30 October 2023 Donations and legacles Donations are rec%)gnized when the charbty has been notified in writing of both the amount and setuement date. In the event that a donation is subj'ect to litiOnS that require a level of perfomance by the charity before the charity is entitled to the funds. the income is defeffed and not recognized until either those conditions are frjlly mel. or the fulfilment of those cx)nditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the rep)rting period. Grants recelv•ble Grants are recognized when the charity has an entrfement to the funds and any condttions linked to the grants have been mel. Where performance conditions are attached lo the grant and are yel to be met. the income is recognized as a liability and included on the balance sheet as deferred income to be released. Expendire All expenditure is cOgnised once Ihere is a legal or constructive obligation to that expenditure. il is probable Settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where Costs cannot be directly attributed lo particular headings they have been allocated on a basis consistenl with the Use of resources, with central staff costs allocated on the basis of tsme spent. and depreciation charges allocated on the portion of the asset's use. Other support costs a allocaled based on the spread of staff costs. Irrecoverable VAT is charged against the catew of resources expended for which it was incurred. Ralsing funds These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise fvnds. Charltable actlvltles Charitsble expenditure comprises those cx)sts incuffed by Ihe Charity in the delivery of it5 activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary lo support them. Taxatlon The charity is considèred to pass the tests set out in Paragr8ph 1 Schedule 6 of the Finance Act 2010 and thef0 It meets tt7e definition of a ¢haritsble company for UK corporation tsx purposes. Accordingly, the charity is potentially exempl from taxation in respect of income or capital gains received within categories covered by Ch8Pter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively to ¢haritsble purposes. Tangible fixed assets Individual fixed assels (x)sting £100.00 or more are inrtially recorded at cost. Depreclatlon and amortlsatlon Depreciation is provided on tsngible fixed assets so as to wyite off the rA)sL less any estimated residual value. over their expected useful economic lrfe as follows: Page 13 Company regislration number.. 09566460. Charity registration number.. 1178906
Wilstockhub Notes to the Financlal SLements for the Period from 1 May 2022 to 30 October 2023 Ass•t ¢lass Equipment Assets under constructKn Depreciation method and rate Straight line over f¢)ur to nine years Cash and cash equivalents Cash and cash equivalents comprise cash on hand and caN deposits. and other short-term highly liqutd investments that are readily convertible tr) a known amoursl of cash and are subjecl to an insignificant risk of change in value. Fund structure Unrestricted income funds are general fvnds that are avalable for use at the trustees'5 disryelion in furtherance of the objectives of the charity. Restricted income lunds are those donated for use in a particular area or for specific purposes, the use of which is $trIcted to that aa or purpose. 3 Income from donations and legacie8 Unrestrlcted funds Total 2023 Total 2022 Restricted Grants. indlIng capital grants., Grants 3.160 3,160 415 500 415.500 418.660 418.660 19.741 19.741 The income from grants was £418.660 12022 £19.741) of which £3,160 {2022 £8,890) was attributable to unrestricted fvnds and £415.50012022 - £10,851) attributsble to $tricted funds. 4 Income from charltablo actlvltles Total 2023 Total 2022 399 The income from Charitable a¢tivities was £3.963 (2022 - £399) of which £3.96312022 - £399) was attributable to unrestricted funds and £Nil (2022- £Nil1 was attn'butable to r8slricted funds. Pag6 14 Company registrab'on number.. 09566460. Charity registratson number: 1178906
Wilstockhub Notes to the Financial Statements for the Period from 1 May 2022 to 30 October 2023 5 Expèndlture Ralslng funds expendlture Total 2023 Total 2022 Basls of allocatlon Direct Fundraising expenses Charitable actlvitles oxpendlture UnTestrfcted nds R•stricted Total Basis of alloration Direct Direct Direct Direct G•noral fvnds funds CoThputer costs Depreciation of equipment Insuran Legal and professional Purchases and sundry equipment Direct Printing postage and stationery Usage 212 1,759 479 1,923 212 1,759 479 1,923 12,731 1,268 12.731 1,268 Total for 2022 4.547 9.761 14.308 Expenditure on raising funds was £15.46912022: £2.695) of which £Nil was unrestricted (2022: £Nil) 8nd £15.469 was restricted (2022: £2,695). Expenditure on charitable activrties was £18.372 {2022: £14.308) of which £4,547 was unrestriGted (2022.. £4,527) and £Nil VRS restricted {2022: £9,761). Expenditure in the current and prior year Includes legal and Fffofessional fees for the deslgn and planning of the proposed communlty hub. 6 Trustees remuneration and expenses No twstees. nor any persons connected with them. have reiVed any remuneration from the charity during the year. Page 15 Cffiipany registration number: I)9566460. Charty registration number.. 1178906
Wilstockhub Notes to the Financlal Stal•ments for lh• Perlod from 1 May 2022 to 30 October 2023 No trustees have recelved any 1MbUrSed expenses or any other benefits from the chartty durrng the year. The trustees are the key management personnel of the charity. 7 Taxatlon The charity is a gIStered tharty and is therefr*e exempt from tsxation. Tangible fixod assots A8ts under construction Equipment Total Cost At 1 May 2022 Additions 9,616 9,616 224.198 224.198 At 30 October 2023 224 198 233814 Depreclatlon At 1 May 2022 Charge for the year 1.759 At 30 October 2023 Nel l>ook value At 30 Odober 2023 224 198 227 695 At 30 April 2022 Cash and cash equlvalents 2023 2022 Cash at bank 171.927 Page 18 Company registralicrf) number: 09566460. Charity registralion number: 1178906
Wilstockhub Notes to the Financial Statements for the Period from 1 May 2022 to 30 October 2023 10 Funds Current pgrlod Balance at 1 May 2022 In¢oming resour¢es Resources Transfer Balan¢e at 30 expendedbotween funds Octob0r 2023 Unreslrlcted fund$ General 10.840 7,123 (18.3721 3,9C 3,497 Rèstrictèd funds 415500 396 125 Total funds 10.840 422.623 33.841 399.622 Prlor y•ar Balance at 1 May 2021 Incoming OUrCeS R&sourcos Balance at 30 •xpend•d Aprfl 2022 Unreslricted funds General 6.098 9.289 {4.5271 10,840 R•strfcted funds 10.851 12.456 Total funds The swcific purposes for vthith the furwjs are to be applied are as follows.. Sedgemoor District Council - To b8 used in connection with deslgn and ¢onstru¢tlon work on the Wiistockhub building. Page 17 Company registration number: 09566460. Charity registration number.. 1178906
Wilstockhub Notes to the Financial Statements for the Period from 1 May 2022 to 30 October 2023 11 Analysis of net assets between funds Current yaar Unrestrlcted funds Restricted Total funds Tangible fixed assets Current assets 3.497 224,198 171.927 227,695 171.927 Total nel assets Prior year 3.497 396.125 Unrestrlcted funds Restricted Totsl funds Tangible fixed assets Current assets 5.256 5.584 5,256 Total net assets 10.840 10,840 Pa8e 18 Company registration number.. 09566460. Charty registration number.. 11789