REGISTERED CHARITY NUMBER: 1180178
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
HESKETH BANK COMMUNITY CENTRE CIO
Hayes & Co St Andrews House 3 Tarleton Office Park Windgate Tarleton PR4 6JF
HESKETH BANK COMMUNITY CENTRE CIO
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 December 2024
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | ||
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
HESKETH BANK COMMUNITY CENTRE CIO
REFERENCE AND ADMINISTRATIVE DETAILS for the year ended 31 December 2024
| TRUSTEES | W Hall (Chair) |
|---|---|
| J Boyle (Vice Chair) | |
| Mrs G A Simpson (Secretary) | |
| Mrs D Earles (Treasurer) | |
| S Kirby | |
| A Earles | |
| P S Ralphs | |
| Mrs L Taylor (appointed 18.4.24) | |
| PRINCIPAL ADDRESS | Station Road |
| Hesketh Bank | |
| Preston | |
| PR4 6SR | |
| REGISTERED CHARITY | 1180178 |
| NUMBER | |
| INDEPENDENT EXAMINER | Hayes & Co |
| St Andrews House | |
| 3 Tarleton Office Park | |
| Windgate | |
| Tarleton | |
| PR4 6JF | |
| MAIN BANKERS | HSBC |
| 331 Lord Street | |
| Southport | |
| Merseyside | |
| PR8 1NJ |
Page 1
HESKETH BANK COMMUNITY CENTRE CIO
REPORT OF THE TRUSTEES for the year ended 31 December 2024
Hesketh Bank Community Centre is registered with the Charity Commission as a Charitable Incorporated Organisation (CIO) and was registered as such on 4th October 2018. Funds were transferred from the former unincorporated charity: Hesketh Bank Community Centre (Charity Number 521118) on 27th June 2019 to continue the work in the local area.
Hesketh Bank Community Centre provides facilities for groups and individuals from Hesketh Bank, Tarleton and surrounding areas to participate in a range of educational, social and recreational activities as well as working with and helping other organisations in the area to support the local community. The Community Centre is non denominational and has no restrictions for users.
OBJECTIVES AND ACTIVITIES
Public benefit
In meeting the objects of the Charity, the Trustees have considered the Charity Commission guidance on public benefit and are satisfied that the activities undertaken during the year have provided significant benefit to the public as described below.
FINANCIAL REVIEW
Reserves policy
Much of the charity's assets consist of amounts represented by buildings and capital spent, with reserves consisting of amounts in the current assets/cash. The trustees seek to control the level of liquid resources to meet short-term liabilities without the building up of excess amounts. the trustees consider a suitable level of free reserves to be £20,000, based on the average of six months operating costs (allowing for reduced costs after development works). The current level of free reserves is £15,582. Trustees will endeavour to maintain a healthy level of reserves during the current uncertain financial climate in which the charity is currently operating.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ W Hall (Chair) - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HESKETH BANK COMMUNITY CENTRE CIO
Independent examiner's report to the trustees of Hesketh Bank Community Centre CIO
I report to the charity trustees on my examination of the accounts of Hesketh Bank Community Centre CIO (the Trust) for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts 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.
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.
Anthony N Totham FCA. CTA
Hayes & Co St Andrews House 3 Tarleton Office Park Windgate Tarleton PR4 6JF
Date: .............................................
Page 3
HESKETH BANK COMMUNITY CENTRE CIO
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 25,926 Charitable activities Hall Hire 60,061 Events 3,485 HMRC - Gift Aid 5,892 Other income - Investment income 2 422 Total 95,786 EXPENDITURE ON Charitable activities Charity's Objectives 80,378 Property Development 34,332 Total 114,710 NET INCOME/(EXPENDITURE) (18,924) RECONCILIATION OF FUNDS Total funds brought forward 34,506 TOTAL FUNDS CARRIED FORWARD 15,582 |
Restricted fund £ - - - - - - - - - - - - - |
2024 Total funds £ 25,926 60,061 3,485 5,892 - 422 95,786 80,378 34,332 114,710 (18,924) 34,506 15,582 |
2023 Total funds £ 63,878 47,828 6,720 2,082 400 95 121,003 68,194 38,275 106,469 14,534 19,972 34,506 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
HESKETH BANK COMMUNITY CENTRE CIO
BALANCE SHEET 31 December 2024
| Unrestricted Restricted fund fund Notes £ £ CURRENT ASSETS Cash at bank and in hand 15,582 - NET CURRENT ASSETS 15,582 - TOTAL ASSETS LESS CURRENT LIABILITIES 15,582 - NET ASSETS 15,582 - FUNDS 5 Unrestricted funds TOTAL FUNDS |
2024 Total funds £ 15,582 15,582 15,582 15,582 15,582 15,582 |
2023 Total funds £ 34,506 34,506 34,506 34,506 34,506 34,506 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. W Hall (Chair) - Trustee
............................................. D Earles (Treasurer) - Trustee
The notes form part of these financial statements
Page 5
HESKETH BANK COMMUNITY CENTRE CIO
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Deposit account interest | 422 | 95 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
continued...
Page 6
HESKETH BANK COMMUNITY CENTRE CIO
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | fund | funds | |||
| £ | £ | £ | |||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 63,878 | - | 63,878 | ||
| Charitable activities | |||||
| Hall Hire | 47,828 | - | 47,828 | ||
| Events | 6,720 | - | 6,720 | ||
| HMRC - Gift Aid | 2,082 | - | 2,082 | ||
| Other income | 400 | - | 400 | ||
| Investment income | 95 | - | 95 | ||
| Total | 121,003 | - | 121,003 | ||
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Charity's Objectives | 68,194 | - | 68,194 | ||
| Property Development | 38,275 | - | 38,275 | ||
| Total | 106,469 | - | 106,469 | ||
| NET INCOME | 14,534 | - | 14,534 | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 19,972 | - | 19,972 | ||
| TOTAL FUNDS CARRIED FORWARD | 34,506 | - | 34,506 | ||
| 5. | MOVEMENT IN FUNDS | ||||
| Unrestricted funds | At 1.1.24 £ |
Net movement in funds £ |
At 31.12.24 £ |
||
| General fund | 34,506 | (18,924) | 15,582 | ||
| TOTAL FUNDS | 34,506 | (18,924) | 15,582 | ||
continued...
Page 7
HESKETH BANK COMMUNITY CENTRE CIO
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024
5. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 95,786 TOTAL FUNDS 95,786 Comparatives for movement in funds At 1.1.23 £ Unrestricted funds General fund 19,972 TOTAL FUNDS 19,972 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 121,003 TOTAL FUNDS 121,003 A current year 12 months and prior year 12 months combined position is as follows: At 1.1.23 £ Unrestricted funds General fund 19,972 TOTAL FUNDS 19,972 |
Resources Movement expended in funds £ £ (114,710) (18,924) (114,710) (18,924) Net movement At in funds 31.12.23 £ £ 14,534 34,506 14,534 34,506 Resources Movement expended in funds £ £ (106,469) 14,534 (106,469) 14,534 Net movement At in funds 31.12.24 £ £ (4,390) 15,582 (4,390) 15,582 |
|---|---|
continued...
Page 8
HESKETH BANK COMMUNITY CENTRE CIO
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024
5. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 216,789 216,789 |
Resources Movement expended in funds £ £ (221,179) (4,390) (221,179) (4,390) |
|---|---|---|
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
7. OTHER MONETARY LIABILITIES
Professional fees billed after year end £756 (2023 £720)
Page 9
HESKETH BANK COMMUNITY CENTRE CIO
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Grants Investment income Deposit account interest Charitable activities Hall Hire Events HMRC - Gift Aid Other income Total incoming resources EXPENDITURE Charitable activities Wages Consumable / operational costs Rates and water Insurance Light and heat Telephone Sundries Property development Bank charges Total resources expended Net (expenditure)/income |
2024 £ 11,721 14,205 25,926 422 60,061 3,485 5,892 - 69,438 95,786 45,341 23,055 1,411 1,436 7,958 431 599 34,332 147 114,710 114,710 (18,924) |
2023 £ 21,702 42,176 63,878 95 47,828 6,720 2,082 400 57,030 121,003 32,698 19,673 1,035 1,270 8,626 92 4,617 38,275 183 106,469 106,469 14,534 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 10