COMPANY REGISTRATION NUMBER: CE014815 CHARITY REGISTRATION NUMBER: 1179468 Borth Community Hub Company Limited by Guarantee Unaudited Financial Statements 31 March 2024 NTAN Chartered accountants 23 College Steel Lampeter SA48 70Y
Borth Community Hub Company Limited by Guaranlee Financial Slatemenls Year ended 31 March 2024 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Stalement of f inancial activities {including income and expenditure account} Statement ol f inancial position Statement ol cash flows 10 Notes to the financial slalements 11 The following pages do not form part ol Ihe financial statements Detailed statement of financial activities 22 Notes lo the detailed statement of financial activities 23
Borth Community Hub Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 March 2024 The trustees, who are also the directors lor the purposes of company law, present their report and the unaudited financial slalements of the eharity lor the year ended 31 March 2024. Reference and adminlstrative details Reglstered charity name Borth Community Hub Charity reglstr8tion number 1179468 Company registratlon number CE014815 Principal oflice and registered Borth Community Hub office Clarach Road Borth Ceredigion SY24 5LW The trustees Ms V. Joy Cook Mr R Jones Mrs R T Dalton Mr R Quant Mr H Hughes Mrs M Haynes Ms C Bainbridge Ms J Bal Isha Mrs M Griffilhs Ms S J Dalton (Resigned 1 January 20241 (Resigned 20 October 20231 (Appointed 10 January 20241 (Appointed 26 February 20241 Indendent ex8mlner Mrs Calrin M Skelton FCCA 23 College Steel Lampeler SA48 7DY structure, govemance and management Borth Communty Hub is a charitable incorporated organisalion (CIO registered number 11794681 governed by its conslilulion. 11 was registered as a CIO on 06.08.18. In January 2021 the CIO changed ils name from Borth Family Centre to Borth Community Hub as this better reflects the wider work of the charity across the community. The aims and objects ol the charity are in Borth and surrounding districls in the North ol Ceredigion.
Borth Community Hub Company Limited by Guarantee Trustees. Annual Report (Incorporaling the Director's Report) (continu Year ended 31 March 2024 Structure, governance and managemenl (¢ontiywed) Appointment of Trust¢e$ Trustees are appointed as sel out in the conslilulion of the charity. Professionals and seThice users within the community, who have a personal interest in the charity, are invited to join the management commitlee. Nomination forms are completed and applicants are voted onto the committee as appropriate. Committee members can also be co-opted when appropriate. Trustee Induction and Training As part ol induction all Iruslees are DBS Checked and shown the relevant documentation and policies and procedures regarding the running ol the Community Hub. Organlsatlon Slructure Trustees are consulted on all aspects of accounting, policies and procedures and involved in the decision-making regarding the day-to-day running ol the centre and funding applications and the long term vision lor the cenlre. The Manager is responsible lor keeping order ol files, ollice work and over- seeing all other day-lo-day aclimlies al the cenlre as well a8 the management ol stall, accounts, funding applications and strategic planning. Rlsk Management Borth Community Hub conducts risk assessments before undertaking any activities or events and ensures that appropriate DBS checks are undertaken for those working ¥Mth children or vulnerable adutts. Financial risks have been reviewed and procedures put in place accordingly. A reserves policy has been established in line with the identified risks.
Borth Community Hub Company Limiled by Guarantee Trustees. Annual Report (Incorporating the Direclor's Report) (eoniinued) Year ended 31 March 2024 Objectives and activities The objectives ol the charity are all about prevention, early inlervenlion. improving well beir¥J, resilience and reducing loneliness and isolalitsn. We run a Family Cenlre, Youth Club , Men's Shed, Community Café and a variety ol activities lor older adults. These include Walking4Wellbeing. Dementia Friendly Group and Creative Get Together Group. The constitution states the objective is- To advance education and protect and preserve emotional and psychological health by the provision ol a community hub lincluding a family cenlrel for the support ol those in need ol such facilities To establish the cornmunity hub and to maintain and manage the same Iwhelher alone or in co operatic)n with any local authority or other person or body) in furtherance ol these objects. The aims ol the Community Hub are lo reduce loneliness and isolation, foster a sense of bttlonging and provide support sessions and meaningful activities which have a positive Impact on health and wellbeing. Provide a sign posting service for those who require addition21 support beyond the scope of Borth Community Hub. The objectives lor the next year are to continue to=. provide activities and advice in a suitable way depending on the needs ol the community- Enhance the Youth Club focusing on young people's health and wellbeing. Enhance our actNities and services lor oldèr adults particularly reducing isolation and loneliness lor those who lind it difficult lo access services and activities by themselves. Continue to delwer and develop our Men's Shed Group. Continue to deliver and develop our Family Centre sessions and semces. Continue lo deliver our Community Café, Clothes Bank, Book Swop and our Warm Welcome Space under our Cost ol Living project.
Borth Community Hub Company Limited by Guarantee Trustees, Annual Report (Incorporating Ihe Director's Report) f¢ontinued) Year ended 31 March 2024 Objectlves and actlvities (¢ontitrw¢dJ Public Benefit The charity serves the public by providing a service- To families Mriih children aged 0-4 years10-11 during school holidays) through Borth Family Centre. This includes our Clothes Hub and Book Swop. - To young ppIe aged 11 to 17 through Borth Youth Club To older adults through Borth Caring Community including our Dementia Friendly Group, Creative Gel Together Older adult group and Walking4Wellbeing. To men through our Men's Shed group To the whole community through our weekly community café and our oiher Cost 01 Living Project activities including our Warm Welcome Space. The centre also works closely wth other like-minded organisations and therefore is able lo sign-post families and individuals ol all ages in need to other professionals. By providing this service we preserve and protect health and relieve stress wthin family relationships and households. strategic report The following sections lor achievements and performance and financial review form the strategic report of the charity.
Borth Community Hub Company Limited by Guaranlee Truslees, Annual Report (Incorporaling the Director's Report) {contimwl? Year ended 31 March 2024 Achlevements and perforrnance This financial year Borth Community Hub received funding lor a third year from a People and Places National Lottery 3 year Grant. This granl enabled us lo run all our core seNices including Borth Family Centre, Borth YoLJth Club, Borth Men's Shed and activities for older adults. A grant from Moondance enabled us lo continue to employ a financial and admin support workerl volunteèr co-ordinator. We received 8 small amount of funding from ihe Welsh Government via Ceredigion County Council from a variety ol support funds. These included Direct Food Support Scheme, Discretionary Homeless Fund and Food Poverty Fund. We used these funds lo support the most vulnerabl& in this cost-ol-living crisis alld expanded our capacvcy in our Community Calé and Warm Welcome Space. We received funding from Families First via Plant Dewi to deliver family support and family acliwlies through our Family Centre work. We ran sessions lor families wth children aged O 10 4 years throughout the year and increased the number ol sessions throughout the summer by running ould(K)r play sessions on two days a week for families with children aged O 10 11 years. We also received funding from the Welsh Govemment Patlnlinder project and were able to deliver parenting support courses and additional sessions lor families. Several grants were awarded by CAVO. A Caring Communilies granl to fund mlnlbus hire and transport lo enable many older adults to reach us after our bus service was signili¢antly reduced to a two hourly service. Additional amounts ol funding were also received lor Community First Aid and our participation in Ihe Anchor Group in Ceredigion which is run by CAVO. We began work on achieifjng an Investing in Volunteers Award. CAVO funded support with this process. We received funding from a Cost ol Living Lottery Grant which enabled us to employ a Cost ol Living Co-ordinator ro expand our Community Cale, Warm Space Provision and our support. A Food Partnership Ceredigion grant enabled us to train two members of stall in Community Food and Nutrition Level 2 and to dèvelop and deliver a programme ol cookery courses to teach the basi¢s of healthy allordable food. We were supported by the NHS Community Dietitian in this project who also trained staff in facilitation skills. Stall and volunteers received training on a wide range ol subjects to ensure we are able to deliver a high standard ol through age support. This training induded First Aid , Mental Health First Aid, Breast Feeding Support training, Family Links Parenting Support and Welcome lo the World Training, Level 3 and Level 2 Food Safety and Allergy Awareness, Walk Leader and Loand Walk Leader Training, GroBrain Baby and Toddler Training. Elk5an Speech and Language Training and Modern Slavery. The charity continued to be managed by a team of Trustees drawn from a wide range ol professions and backgrounds. The eharity employed a Family Gentre Manager, a Family Support Worker, Youth Workers, a Men's Shed Co-ordinator, Play Workers. an admin and tinanci supwrt worker, cleaner and a Cost ol Living Co-ordinalor.
Borth Community Hub Company Limiled by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Icontlnued) Year ended 31 March 2024 Flnanclal revlew Reserves Polley The trustees have reviewed the risks lacing the organisation and have determined that reserves 013 months, running costs should be held in order lo protect against the suddenlunexpecled loss ol funding or other unanticipated problems. This would equate to around £38.000. Reserves of £50,713 are held al present. The Iruslees have reduced the designated fund for the improvements lo Ihe insulation and heating ol the building and the installation of more sustainable and allordable healing systems to to £15,000. The work is planned to take place over the next couple ol years. Trustees review the reserves level at least annually and whenever new services are introduced. The trustees, annual report and the strategic report were approved on 20 January 2025 and signed on behalf of the board ol trustees by= RPQ Mr R Quant Trustee
Borth Community Hub Company Limited by Guarantee Independent Examiner's Report to the Truslees of Borth Community Hub Year ended 31 March 2024 I report lo the Iruslees on my examination ol the financial slalemenls of Borth Community Hub Ilhe charity) lor the year ended 31 March 2024. Responsibilities and basis of report As the trustees of the company land also ils directors lor the purposes of company lawl you are responsible lor the preparation ol the financial ateMentS in accordance with the requirements of the Companies Act 20061'lhe 2006 Act'l. Hawng satisfied myself that the a¢¢ounts ol the eompany are not required to be audited under Part 16 ol the 2006 Act and are eligible lor indep8ndenl examination, I report in respect ol my examination ol the charity's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Acl'l. In carrying out rny examination I have followed the Directions given by the Charity Commission under section 14515llbl ol 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 nol kept in respect ol the charity as required by section 386 01 the 2006 Act., or the financial $18tements cjo noi accord with those records,. or the financial slalements do not Comply with thè aceounting requirements of section 396 of the 2006 Act other than any requirement that the account8 give a'true and 18ir' view which is not a matter considered as part of an independent examination., or the financial statements have noi been prepared in accordance with the methods and principles of the Statement of Recommended Practice lor accounting and reporting by charities applicable lo Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other mallers in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding ot the accounts lo be reached. Cmskelton lJan 16, 2025 09.'33 GMT) Mrs Calrin M Skeyton FCCA Independent Examiner 23 College Steet Lampeter SA48 7DY
Borth Community Hub Company Limiled by Guaranlee Statement of Financial Actlvities (including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total funds 2023 Unreslricled funds Total funds Note Income and endowments Donations and legacies Other income 11.094 50 173,345 184.439 50 204,237 430 Total income 11,144 173.345 184,489 204,667 Expenditure Expenditure on charitable activities Total expendilure 2,745 173,278 173,278 176,023 176,023 145,330 2,745 145,330 Net Income and net rnovement In funds 8,399 67 8,466 59.337 Reconciliation of funds Total funds brought lonNard Totsl funds carried forward 57,314 65,713 81,768 139,082 79,745 139,082 81,5 147.548 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive Irom continuing actimties. The t)otes on pages 11 19 20 fom part ol these financial ststements.
Borth Community Hub Company Limited by Guaranlee Statement of Financial Position 31 March 2024 2024 2023 Note Current assets Cash at bank and in hand 147,548 139,082 139,082 139,082 Net current assets 147,548 Total assets less current1Sablllties 147,548 Funds ol the charity estricted lunés Unrestricted funds 81,835 65,713 147,548 81,768 57,314 Total charity funds 15 139,082 For the year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 ol the Companies A¢1 2006 relating lo small companies. Directors. responsibilities.. The members hav& not required the company to obtain an audit of its linancia statements lor the year in question in accordance wrth section 476- The directors acknowledge their responsibilities for Complng with the requirements ol the Act wth respect lo accounting records anij Ihe preparation ol financial statements. These financial staiemenls have been prepared in accordance with the provisions applicable to companies subject to the small comp[es, regime. These financial slalements were approved by the board of Iruslees and authorised for issue on 20 January 2025, and are signed on behalf ol the ard by: RPQ Mr Fl Quant Trustee The notes on pages 11 to 20 form part ol these financlal ststemenls.
Borth Community Hub Company Limited by Guaranlee Statement of Cash Flows Year ended 31 March 2024 2024 2023 Cash flows from operatlng activities Net income 8,466 59,337 Adjustments for.. Interest payable and similar charges Cash generated from op&ralions 42 8,508 59,337 Interest paid Nel cash from operating activities 1421 8,466 59,337 Net Increase in cash and cash equlvalents Cash and cash equivalents at beginning of year Cash and cash equivalents al end of year 8,466 139,082 59,337 79,745 147,548 139,082 The notes on pages 11 to 20 form part of these Ilnanclal stslernenls. 10
Borth Community Hub Company Limited by Guarantee Notes lo the Financial Statements Year ended 31 March 2024 General information The charity is a public benefit entity and a privat& company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address ol the registèred off ice is Borth Community Hub. Clarach Road, Borth, Ceredigion, SY24 5LW. Stslement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Finanoal Reporting Standard applicable in the UK and the Republic ol Ireland,, the Statement ol Recommended Practice applicable lo charrties preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 Icharities SORP IFRS 10211 and Ihe Companies Act 2006. Accounting policies Basis of prep•ation The financial statements have been prepared on the recelpis and payments basis. Going concern There are no material uncert&nlies about the ¢haritls ability to continue. Judgemen18 and key sources ot eslimalion uncertainty The preparation of the financial statements requires management lo make judgements, estimates and assumptions that affect the arnounls reported. These eslimales and judgements are continually reviewed and are based on experi8nce and other factors, including expectations ol future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted tunds are available lor use al the discretion of the Iruslees to further any ol the charity's PLJrposes. Reslricled funds are subjected lo reslriclions on their expenditure declared by the donor or through the terms of an appeal, and tall into one ol bNo sub-classes." restricted income funds or enéowmenl funds. Incomlng resources All income is included in the statement ol financial activities when income is received by the charity. The following specific policies are applied lo particular categories ol income.. income from donations or grants is recognised when there is evdence ol enlillemenl lo the gift, the amount is received into the CIO funds. income from contracts lor the supply of services is recognised Mrilh the receipt of funds for the contracted serwce. This is classified as unrestricted funds unless there is a conlraclual requirement for il lo be spent on a particular purpose and returned if unspent, in which case it may be regarded as reslricled. 11
Borth Community Hub Company Limited by Guarantee Notes to the Financial Statements (continiyed) Year ended 31 March 2024 Accounting policies (¢Olllit)ued) Resources expended Expenditure is recognised on an cash basis. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings ol the statement ol financial activrbes lo which il relates= expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale ol donat goods. call "FlushPolieyP"l- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the bÈnelii ol ils beneliciaries, including those support costs and CDsls relaiing lo the governance ol the charity apportioned lo charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of ils expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use ol the resource. Direct costs attributable lo a single acb.vity are allocated directly to that actNity. Shared ¢osts are apportioned between the activities they contribute to on a reasonable, justrfiable and consislenl basis. OperatSng leases Lease payments are recognised as an expense over the lease lerm on a s[rahl-1lne basis. The aggregaie benefit ol lease incentives rs recognised as a reduction to expense over the lease term, on a slraighl-line basis. Flnancial instrumenls A financial asset or a financial liability is recognised only when the charity becornes a party to the contractual provisions ol the instrumeni. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently mè8sured al the cash or other consideration expected lo be paid or retered and noi discounted. Debt instruments are subsequently measured at amortised eost. Where investments in shares are publicly traded or Iheir fair value Can otherwise be measured reliably, the investment is subsequently measured al fair value with changes in lair value recognised in income and expenditure. All other such investments are subsequently measured al cost less impairment. Other financial instruments, including derivatives. are initially recognised al lair value, unless payment lor an asset is deferred beyond normal business terms or financed al a rale ol interest that is not a market rate. in which ease the assel is measured at the present vJue ol the future payments discounted al a market rate ol interest lor a similar debl instrument. 12
Borth Communily Hub Company Limited by Guaranlee Notes to Ihe Financial Statements (contlnuedj Year ended 31 March 2024 Accounting policies (wjllnuod) Financial instruments {contlnuedJ Other financial instruments are subsequet)Ily measured ai lair value, wth any ehanges recInised in th& statement ol financial aclivities, with the exception ol hedging instrLJments in a designated hedging relationship. Financial assets that ar& measured al cost or amortised cost are reviewed for objective eiadence of impairment at the end ol each reporting dale. 11 there is objective evidence of impairment, an impairment loss is recognised under the appropriate headFng in the statement ol financial activities in which the initial gain was recognised. For all equity instruments regardless ol signili¢an¢e, and other financial assets that are individually significant, these are assessed inclividually lor impa1rment. Other financial assets are eilher assessed individually or grouped on the basis ol similar credit risk characteristies. Any reversals of impairment are recognised immediately, lo the exlenl that the reversal does not result in a carryfjng amount of the linancial asset that exceeds what the ¢arrying amount would have been had the impairment not previously been recognised. Limited by guarantee If the CIO is wound up, the mernbers of the GIO have no liability lo contribute lo ils assets and no personal reswnsibilty for settting ff(s debts and liabilities. t)onations and legacies Unrestricted Funds Restricted Total Funds Funds 2024 Donations Donations 8nd grft Donations lo Red Cross Appeal 10.983 10,983 GTants Grants receivable Grants repayable 111 180,004 16,6591 173,345 180,115 16,6591 184,439 11,094 Unrestricted Funds Restricted Total Funds Funds 2023 Donations Donations and grfi Donations to Red Cross Appeal 8.957 8,957 641 641 13
Borth Community Hub Company Llmited by Guarantee Notes to the Flnancial Statements (Gontinutrdl Year ended 31 March 2024 Donations and legaciès (Mntlnuedj Unreslricled Funds Restricle(i TO1 Funds Funds 2023 Grants Grants receivable Grants repayable 900 193,739 194,639 9,857 194,380 204,237 An amount of £6,659 havg been repaid during the year due lo underspend on the restricted project. Other Income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Cenler Hire 50 50 430 430 Expenditure on charitable activities by lund type Unrestricted Funds Reslricled Total Funds Funds 2024 Charitable Actwity Support costs 2,739 167.930 5,348 173.278 170,669 5,354 178,023 2,745 Unrestrided Funds Restricted Total Funds Funds 2023 Charitable Aetivty Support Costs 1,734 142,459 1,137 143,596 144.193 1,137 145.330 1,734 Expenditure on charitable activities by activity type A¢livities undertaken directly Support eosls Total lunds 2024 Total fund 2023 Charitable Activity Governance costs 170,669 170,669 5,354 144,193 1,137 145,330 5,354 5,354 170,669 176,023 14
Borth Community Hub Company Limited by Guarantee Notes to the Financial Statements (¢antlnued? Year ended 31 March 2024 Analysis of support costs Analysis ol support costs Tolal 2024 Total 2023 Governance costs 5,354 5.354 1,137 10. Net incorne Net income is slated after chargingllcreditingl.. 2024 2023 Operating lease rentals 3,000 3,000 11. Independent examination lees 2024 2023 Fees payable lo the independent examiner lor= Independent examination ol the financial slalemenls Other linancial services 2,070 1,200 1,254 888 3,270 2,142 12. Stafl ¢osts The total staff costs and employee benefits lor the reporting period are analysed as follows.. 2024 2023 Wages and salaries Other employee benefits 120,754 115,479 120,754 135,564 The average head count ol employe&s during the year was 1312023." 131- The average number of lull-lime equivdent employees during the year is analysed as IDIIows= 2024 No. 2023 No. Number ol staff 13 No employee recer(ed employee benefits of more than £60,000 during the year12023= Nill. 13. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity tsr a related entity were received by the trustees during the yèar. 15
Borth Community Hub Company Limited by Guarantee Notes to the Financial Stalemenls i¢oniAntwl) Year ended 31 March 2024 14. Statement of assets and liabilities 2024 2024 2024 2023 Cash Funds Oeblors Fixed Assets leslimaled market value) Creditors 65.713 2.001 16.000 14221 81,835 147,548 2.001 16.000 {2.8151 139,082 305 16,000 111,3481 12,3931 15. Analysis of charitable funds Unrestrlcted funds At 31 March 202 At 1 April 2023 Income Expendrfture Transfers General funds Youth, Emotional Health & Wellbeing Youth Cymru Reachoul Repairs & Improvements Fund Running Costs 24,750 11.144 12.7451 123,0001 10,149 2,000 564 2.000 564 30,000 115.0001 38,000 15,000 38,000 57.314 11,144 12,7451 65,713 At 31 March 202 Ai 1 April 2022 Income Expenditure Transfers General funds Youth, Ernolional Health & Wellbeing Youth Cymru Reachout Repairs & Improvements Fund Flunning Costs 46.187 9,387 18341 129,9901 24,750 2,000 564 2.000 900 19001 30.000 30,000 48.751 10,287 11.7341 10 57,314 A transfer has been made to a ring fenced running cost fund in the unrestricted fund. The amount was agreed by the btsard during the year sel at £38,000 lo be reviewed annually. A Iransler has been made reducing the building fund by £15,000. in light of the increase amount required towards the running costs fund, understanding ol required repair and ol the CIO financial wsilion. 16
Borth Communily Hub Company Limited by Guarantee Notes lo the Financial Statements (contlnue Year ended 31 March 2024 1 S. Analysis of charitable funds {toniinu8d) Restrieted lunds At 31 March 202 Al 1 April 2023 Income ExpenditUTe Transfers Big Lottery Caring Communities Protect and Repair Caring Communities Families First Plant De Families First Families First Youth Club Warm Welcome Youth Emotional Health and Wellbeing Friends in Need Lottery Covid CAVO Youth led grant Dementia Friendly Group Lollery lop up Summer ol Fun TAF Course Ukrainian Community Cale and Actihqlies Bevan Borth Carnival Cambrian Railways CAVO Community First Aid Training Ceredigion Household Support Funding Comic Relief Direct Support Grant Discretionary Homeless Fund Food Poverty Mind Our Futures ConsuFtation Moondance Other Pathfinder 44,466 115,022 1111,5771 47,911 5,700 15.7001 2,407 2,407 2,181 200 12,1811 12001 207 116 12071 194 310 3,049 1910) 2,139 877 18771 500 500 11,0001 5,923 15,0451 878 943 1,124 19431 11,1241 2,354 18.129 1,000 19231 114,6651 2,431 3,464 2,500 12,5001 17
Borth Community Hub Company Limited by Guarantee Notes lo the Financial Slatemenls (contlnued) Year ended 31 March 2024 15. Analysls of charitsble funds (¢OAllnu¢d) Penparcau Community Hub Potter Trust Awards 4 All Warm Hub Grant CAVO Anchor Group CAVO Transport CAVO Transport M&n Cost ol Living lottery Direct food support scheme 2 Families First summer activities Mind Aber CIC Partneriaeth Bwyd Ceredigion 359 1,000 13591 1971 903 1,000 1,000 7,403 29.052 1,000 11,0001 14,7861 113,5161 2,617 15,536 2.107 2,107 300 500 13001 15001 5,000 173.345 14,8681 1173,2781 132 81,768 81,835 Al 31 March 202 At 1 April 2022 Income Expendfture Transfers Big Lottery Caring Communities Protect and Rep&r Caring Communities Families First Plant Dewi Families First Families First Youth Club Warm Welcome Youth Emotional Health and Wellb&ing Friends in Need Lollery Covid CAVO Youth led grant Dementia Friendly Group Lollery top up Summer ol Fun TAF Course Ukrainian Community Cale and Aclivilies Bevan 14.136 112,606 182,2761 44,466 8,860 18,8601 12,8141 12,2941 14,2501 2.814 2.234 60 4,250 858 {8581 2,668 10 2.181 878 12611 2,407 {101 2,181 200 16781 207 560 207 116 14441 12,2861 2,286 262 12621 1,032 5,000 11,0321 11,9511 3,049 18
Borth Community Hub Company Limiled by Guarantee Notes lo the Financial Statements (c<mllnu¢d) Year ended 31 March 2024 15. Analysis ol charitable funds {conrfnu&d) Borth Carnival Cambrian Railways CAVO Community First Aid Training Ceredigion Household Support Funding Comic Relief Direct Support Grant Discretionary Homeless Fun Food Povety Mind Our Futures Consultation Moondance Other Pathfinder Penparcau Community Hub Poller Trust Awards 4 All Warm Hub Grant CAVO Anchor Group CAVO Transport CAVO Transport Mpin Cost ol Living lollery Direct food support scheme 2 Families First summer activities Mind Aber CIC Partneriaelh Bwyd Ceredigion 144 1,400 11441 15231 877 500 500 1,074 9,932 1,645 11,0741 14,8871 11,6451 878 5,923 1,875 14,610 11.8751 114,6101 3,000 19,486 641 2,500 16461 114,4131 11,7691 13,0521 2,354 18,129 13,058 1,128 552 359 1,000 359 1,000 4,564 14,5641 11,0001 1,000 30,994 194,380 1143.5961 81,768 16. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Current assets 65,713 81,835 147,548 Unreslrict Funds Restricted Total Funds Funds 2023 Current assets 57.314 81,768 139,082 19
Borth Community Hub Company Limlted by Guarantee Notes to the Financlal Slatemenls (¢onzinued) Year ended 31 March 2024 17. Analysis ol change$ in net debt At At 1 Apr 2023 Cash flows 31 Mar 2024 Cash al bank and in hand 139,082 8,466 147,548 18. Operating lease commitments The lolal future minimum lease payments under non-cancellable operating leases are as follows: 2024 2023 Not later than 1 year Later than 1 year and not later than 5 years Later than 5 years 3,000 12,000 42,000 3,000 12,000 45,000 60,000 57,000 The CIO has leased the premises ol Borth Community Hub from Ceredigion County Gouncil lor a period 0125 years from 14 March 2018. As at 31 March 2024 the annual rent was £3,000 p.a. subject lo period Teview.
Borth Community Hub Company Limited by Guarantee Management Information Year ended 31 March 2024 The following pages do not fom part of the financial statements. 21
Borth Community Hub Company Limiled by Guarantee Detailed Statement ol Financial Activities Year ended 31 March 2024 2024 2023 Income and endowments Donations and legacies Donats'ons and gift Donabons lo Fled Cross Appeal Grants receiwable Grants repayable 10,983 8,957 641 194,639 180,115 16.6591 184,439 204,237 Other income Cenler Hire 50 430 Total incomg 184.489 204,667 Expenditure Expenditure on charltable activities Wages and salaries Other post-retiremenl benefits Operating leases Light and heal Repairs and mwntenan Insurance Other establishment Other motor/travel costs Legal and Professional lees Telephone Other office costs Other interest payable and similar charges Training Funday Lunch Club Outreach Direct charitable activily 1 Oiher costs of sessions & events Direct charitable activity 1 General Expenses Direct charitable aclimty 1 Resources Direct charitable acliNqty 1 Donation lo Red Cross 120.754 115,479 3,000 5,510 3,362 2,435 1,413 2,870 7,532 2,158 1,875 42 1,516 1.119 3,335 261 8.630 842 5,599 3,770 176,023 3,000 4,331 953 1,960 1,038 456 1,137 t,476 804 1,047 1,119 3,140 261 1,716 165 5,394 1,769 145,330 Tolal expenditure 176,023 145,330 Net 1Thrne 8,466 59,337
Borth Community Hub Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 31 March 2024 2024 2023 Expenditure on chaTitable activities Charitable Activity Activities undertaken directly Direct charitable activity 1 wag&slsalaries Direct charitable activity 1 other employee benefits Direct charitable a¢livily 1 operating leases Direct charitable activity 1 light & heal Direct charitable activity 1 repairs & maintenance Direct charitable activity 1 insurance Direct charitable activity 1 other eslablishmenl Oirecl charitable activity 1 other molorllrav&l costs Advertising and Website Direct charitable activity 1 telèphone Direct charitable activity l other office costs Direct charitable activity l Training Direct charitablè activity 1 Fun day Costs Direct charitable activity 1 Lunch Club Direct charitable activity 1 Outreach Direct charitable activity 1 Other costs of sessions & events Direct charitable activity 1 General Expenses Direct charitable activity 1 Resources Direct charitable activity 1 Donation to Red Cross 120,754 115,479 85 3,000 4.331 953 1,960 1.038 456 3,000 5,510 3,362 2,435 1,413 2,870 2,220 2,158 1,875 1.516 1,119 3.335 261 8.630 842 5,599 3,770 170,669 1,476 804 1,047 1,119 3,140 261 1,716 5,394 1,769 144,193 Govemance costs Governance costs- accountancy lees Governance cosls- legal and other professional lees Governance sIs- other finance costs 4,538 774 42 740 397 5,354 1,137 Expenditure on Charitable activities 176.023 145,330