REGISTERED COMPANY NUMBER: CE019440 (England and Wales) REGISTERED CHARITY NUMBER: 1186142
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2023
for
Cleobury Community Hub
Mitis Accountancy Ltd 1 Clerkenleap Cottages Bath Road Broomhall Worcester Worcestershire WR5 3HR
Cleobury Community Hub
Contents of the Financial Statements for the Year Ended 31 December 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 12 |
| Detailed Statement of Financial Activities | 13 |
Cleobury Community Hub (Registered number: CE019440)
Report of the Trustees for the Year Ended 31 December 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Cleobury Community Hub is a charitable incorporated organisation (CIO), a corporate body defined by the Charities Act 2011. It is controlled and governed by its Constitution
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
CE019440 (England and Wales)
Registered Charity number
1186142
Registered office
1 Lower Street Cleobury Mortimer Kidderminster Shropshire DY14 8BN
Trustees
Rev W Buck (resigned 27/7/23) Mrs L Castledine (resigned 7/12/23) N Davis S Harris (resigned 7/12/23) Mrs S Hill (resigned 21/6/23) R Kippin (resigned 2/5/23) Mrs L Lambert (appointed 2/3/23) (resigned 18/3/24) M Melluish (appointed 17/9/23) J Greaves (appointed 18/3/24) T Higginson (appointed 18/3/24) Ms K Bill (appointed 18/3/24) A Guest (appointed 8/5/24)
Independent Examiner
Simon Dryden FCCA Mitis Accountancy Ltd 1 Clerkenleap Cottages Bath Road Broomhall Worcester Worcestershire WR5 3HR
CHANGE OF NAME
The charitable company passed a special resolution on 31 July 2023 changing its name from St Mary's Youth Project to Cleobury Community Hub.
Page 1
Cleobury Community Hub (Registered number: CE019440)
Report of the Trustees for the Year Ended 31 December 2023
After many years as St Mary's Youth Project, in July 2023 we became Cleobury Community Hub, reflecting the work that goes on for ALL of the community. With this change came the opportunity to enhance our governance structure, including a small Board of Trustees to support the management team and a growing number of volunteers. We see 2023 as a very successful year. Thanks to the fantastic support we receive from individual donors who give regularly, local trusts and national grants, we added over £40,000 to our reserves in preparation for the next stage of our development plan. This should see us purchase our premises, the former Methodist Church and Hall, in mid-2024 and we already have structural designs and plans to develop the site and greatly increase the offering to our Community.
Approved by order of the board of trustees on 20 May 2024 and signed on its behalf by:
A Guest - Trustee
Page 2
Independent Examiner's Report to the Trustees of Cleobury Community Hub (Registered number: CE019440)
Independent examiner's report to the trustees of Cleobury Community Hub ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act 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 the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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
-
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.
Simon Dryden FCCA The Association of Chartered Certified Accountants
Mitis Accountancy Ltd 1 Clerkenleap Cottages Bath Road Broomhall Worcester Worcestershire WR5 3HR
20 May 2024
Page 3
Cleobury Community Hub
Statement of Financial Activities for the Year Ended 31 December 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 106,620 Other trading activities 2 49,022 Investment income 3 225 Total 155,867 EXPENDITURE ON Raising funds 123,159 NET INCOME 32,708 RECONCILIATION OF FUNDS Total funds brought forward 97,412 TOTAL FUNDS CARRIED FORWARD 130,120 |
Restricted funds £ 17,254 - - 17,254 8,594 8,660 - 8,660 |
2023 Total funds £ 123,874 49,022 225 173,121 131,753 41,368 97,412 138,780 |
2022 Total funds £ 97,228 45,262 67 |
|---|---|---|---|
| 142,557 | |||
| 112,557 | |||
| 30,000 67,412 |
|||
| 97,412 |
The notes form part of these financial statements
Page 4
Cleobury Community Hub (Registered number: CE019440)
Balance Sheet 31 December 2023
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 2,783 CURRENT ASSETS Debtors 8 7,167 Cash at bank 123,192 130,359 CREDITORS Amounts falling due within one year 9 (3,022) NET CURRENT ASSETS 127,337 TOTAL ASSETS LESS CURRENT LIABILITIES 130,120 NET ASSETS 130,120 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - - 8,660 8,660 - 8,660 8,660 8,660 |
2023 Total funds £ 2,783 7,167 131,852 139,019 (3,022) 135,997 138,780 138,780 130,120 8,660 138,780 |
2022 Total funds £ - - 97,412 |
|---|---|---|---|
| 97,412 - |
|||
| 97,412 | |||
| 97,412 | |||
| 97,412 | |||
| 97,412 - |
|||
| 97,412 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 5
continued...
Cleobury Community Hub (Registered number: CE019440)
Balance Sheet - continued 31 December 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 20 May 2024 and were signed on its behalf by:
A Guest - Trustee
The notes form part of these financial statements
Page 6
Cleobury Community Hub
Notes to the Financial Statements for the Year Ended 31 December 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance Computer equipment - 25% on cost
Taxation
The charity is exempt from corporation 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.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
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Cleobury Community Hub
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
2. OTHER TRADING ACTIVITIES
| Cleobury Mortimer school Primary purpose trading 3. INVESTMENT INCOME Deposit account interest 4. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Other operating leases |
2023 £ 4,408 44,614 49,022 2023 £ 225 2023 £ 928 6,000 |
2022 £ 2,369 42,893 |
|---|---|---|
| 45,262 | ||
| 2022 £ 67 2022 £ - 6,000 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 90,571 Other trading activities 45,262 Investment income 67 Total 135,900 EXPENDITURE ON Raising funds 105,900 NET INCOME 30,000 |
Restricted funds £ 6,657 - - 6,657 6,657 - |
Total funds £ 97,228 45,262 67 |
|---|---|---|
| 142,557 | ||
| 112,557 | ||
| 30,000 |
continued...
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Cleobury Community Hub
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund funds £ £ RECONCILIATION OF FUNDS Total funds brought forward 67,412 - TOTAL FUNDS CARRIED FORWARD 97,412 - 7. TANGIBLE FIXED ASSETS Plant and Computer machinery equipment £ £ COST Additions 474 3,237 DEPRECIATION Charge for year 119 809 NET BOOK VALUE At 31 December 2023 355 2,428 At 31 December 2022 - - 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Accrued income 4,173 Prepayments 2,994 7,167 |
Total funds £ 67,412 |
|---|---|
| 97,412 | |
| Totals £ 3,711 928 2,783 - 2022 £ - - - |
continued...
Page 9
Cleobury Community Hub
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
| 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Pension creditor Accrued expenses 10. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Sound system fund Double glazing fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Rent fund Hub development fund Sound system fund Double glazing fund TOTAL FUNDS |
At 1/1/23 £ 97,412 - - - 97,412 Incoming resources £ 155,867 6,000 2,594 500 8,160 17,254 173,121 |
2023 2022 £ £ 481 - 2,541 - 3,022 - Net movement At in funds 31/12/23 £ £ 32,708 130,120 500 500 8,160 8,160 8,660 8,660 41,368 138,780 Resources Movement expended in funds £ £ (123,159) 32,708 (6,000) - (2,594) - - 500 - 8,160 (8,594) 8,660 (131,753) 41,368 |
2023 2022 £ £ 481 - 2,541 - 3,022 - Net movement At in funds 31/12/23 £ £ 32,708 130,120 500 500 8,160 8,160 8,660 8,660 41,368 138,780 Resources Movement expended in funds £ £ (123,159) 32,708 (6,000) - (2,594) - - 500 - 8,160 (8,594) 8,660 (131,753) 41,368 |
2022 £ - - |
|---|---|---|---|---|
| - | ||||
| 8,660 | ||||
| 41,368 |
continued...
Page 10
Cleobury Community Hub
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1/1/22 £ Unrestricted funds General fund 67,412 TOTAL FUNDS 67,412 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 135,900 Restricted funds Rent fund 6,000 Ukraine fund 657 6,657 TOTAL FUNDS 142,557 A current year 12 months and prior year 12 months combined position is as follows: At 1/1/22 £ Unrestricted funds General fund 67,412 Restricted funds Sound system fund - Double glazing fund - - TOTAL FUNDS 67,412 |
Net movement At in funds 31/12/22 £ £ 30,000 97,412 30,000 97,412 Resources Movement expended in funds £ £ (105,900) 30,000 (6,000) - (657) - (6,657) - (112,557) 30,000 Net movement At in funds 31/12/23 £ £ 62,708 130,120 500 500 8,160 8,160 8,660 8,660 71,368 138,780 |
Net movement At in funds 31/12/22 £ £ 30,000 97,412 30,000 97,412 Resources Movement expended in funds £ £ (105,900) 30,000 (6,000) - (657) - (6,657) - (112,557) 30,000 Net movement At in funds 31/12/23 £ £ 62,708 130,120 500 500 8,160 8,160 8,660 8,660 71,368 138,780 |
|---|---|---|
| - | ||
| 30,000 | ||
| At 31/12/23 £ 130,120 500 8,160 8,660 138,780 |
continued...
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Cleobury Community Hub
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
10. 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 Restricted funds Rent fund Ukraine fund Hub development fund Sound system fund Double glazing fund TOTAL FUNDS |
Incoming resources £ 291,767 12,000 657 2,594 500 8,160 23,911 315,678 |
Resources Movement expended in funds £ £ (229,059) 62,708 (12,000) - (657) - (2,594) - - 500 - 8,160 (15,251) 8,660 (244,310) 71,368 |
Resources Movement expended in funds £ £ (229,059) 62,708 (12,000) - (657) - (2,594) - - 500 - 8,160 (15,251) 8,660 (244,310) 71,368 |
|---|---|---|---|
| 8,660 | |||
| 71,368 |
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
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Cleobury Community Hub
| Detailed Statement of Financial Activities for the Year Ended 31 December 2023 INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Grants Other trading activities Cleobury Mortimer school Primary purpose trading Investment income Deposit account interest Total incoming resources EXPENDITURE Raising donations and legacies Other operating leases Insurance Light and heat Telephone and internet Software and stationery Sundries Plant and machinery Computer equipment Other trading activities Purchases Wages Social security Pensions Administrative expenses Maintenance charges Total resources expended Net income |
2023 £ 45,732 7,142 71,000 123,874 4,408 44,614 49,022 225 173,121 6,000 2,126 3,231 1,083 2,406 50 119 809 15,824 19,538 78,284 1,369 3,916 10,186 2,636 115,929 131,753 41,368 |
2022 £ 34,909 5,235 57,084 |
|---|---|---|
| 97,228 2,369 42,893 |
||
| 45,262 67 |
||
| 142,557 6,000 1,016 2,615 762 428 1,541 - - |
||
| 12,362 15,485 60,295 9,117 5,774 5,739 3,785 |
||
| 100,195 | ||
| 112,557 | ||
| 30,000 |
This page does not form part of the statutory financial statements
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