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 2024
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 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | to | 5 |
| Notes to the Financial Statements | 6 | to | 12 |
| Detailed Statement of Financial Activities | 13 |
Cleobury Community Hub (Registered number: CE019440)
Report of the Trustees for the Year Ended 31 December 2024
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 2024. 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
N Davis L Lambert (resigned 18/3/24) M Melluish A J Greaves (appointed 18/3/24) T Higginson (appointed 18/3/24) 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
Approved by order of the board of trustees on 19 March 2025 and signed on its behalf by:
A Guest - Trustee
Page 1
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 2024.
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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
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
19 March 2025
Page 2
Cleobury Community Hub
Statement of Financial Activities for the Year Ended 31 December 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 109,152 Other trading activities 2 47,861 Investment income 3 1,406 Total 158,419 EXPENDITURE ON Raising funds 116,027 NET INCOME 42,392 RECONCILIATION OF FUNDS Total funds brought forward 130,120 TOTAL FUNDS CARRIED FORWARD 172,512 |
Restricted funds £ 96,055 - - 96,055 8,020 88,035 8,660 96,695 |
2024 Total funds £ 205,207 47,861 1,406 254,474 124,047 130,427 138,780 269,207 |
2023 Total funds £ 123,874 49,022 225 |
|---|---|---|---|
| 173,121 | |||
| 131,753 | |||
| 41,368 97,412 |
|||
| 138,780 |
The notes form part of these financial statements
Page 3
Cleobury Community Hub (Registered number: CE019440)
Balance Sheet 31 December 2024
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 81,401 CURRENT ASSETS Debtors 8 5,858 Cash at bank 92,870 98,728 CREDITORS Amounts falling due within one year 9 (7,617) NET CURRENT ASSETS 91,111 TOTAL ASSETS LESS CURRENT LIABILITIES 172,512 NET ASSETS 172,512 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 93,986 - 2,709 2,709 - 2,709 96,695 96,695 |
2024 Total funds £ 175,387 5,858 95,579 101,437 (7,617) 93,820 269,207 269,207 172,512 96,695 269,207 |
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 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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
continued...
Page 4
Cleobury Community Hub (Registered number: CE019440)
Balance Sheet - continued 31 December 2024
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 19 March 2025 and were signed on its behalf by:
A Guest - Trustee
The notes form part of these financial statements
Page 5
Cleobury Community Hub
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 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.
Page 6
continued...
Cleobury Community Hub
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
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 |
2024 £ 5,378 42,483 47,861 2024 £ 1,406 2024 £ 1,185 3,000 |
2023 £ 4,408 44,614 |
|---|---|---|
| 49,022 | ||
| 2023 £ 225 2023 £ 928 6,000 |
5. 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.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 106,620 Other trading activities 49,022 Investment income 225 Total 155,867 EXPENDITURE ON Raising funds 123,159 NET INCOME 32,708 |
Restricted funds £ 17,254 - - 17,254 8,594 8,660 |
Total funds £ 123,874 49,022 225 |
|---|---|---|
| 173,121 | ||
| 131,753 | ||
| 41,368 |
continued...
Page 7
Cleobury Community Hub
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund funds £ £ RECONCILIATION OF FUNDS Total funds brought forward 97,412 - TOTAL FUNDS CARRIED FORWARD 130,120 8,660 7. TANGIBLE FIXED ASSETS Land and Plant and Computer buildings machinery equipment £ £ £ COST At 1 January 2024 - 474 3,237 Additions 172,642 593 554 At 31 December 2024 172,642 1,067 3,791 DEPRECIATION At 1 January 2024 - 119 809 Charge for year - 237 948 At 31 December 2024 - 356 1,757 NET BOOK VALUE At 31 December 2024 172,642 711 2,034 At 31 December 2023 - 355 2,428 |
Total funds £ 97,412 138,780 Totals £ 3,711 173,789 177,500 928 1,185 2,113 175,387 2,783 |
Total funds £ 97,412 |
|---|---|---|
| 138,780 |
Included in cost or valuation of land and buildings is freehold land of £172,641 which is not depreciated.
Within land and buildings is a restricted grant from The National Lottery of £75,000. This grant has a restriction of 5 years from 31 August 2024 and as such is being released to the general fund under a straight line basis for the duration of the restriction.
continued...
Page 8
Cleobury Community Hub
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
| 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Accrued income Prepayments 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Pension creditor Accrued expenses 10. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Hub development fund Sound system fund Double glazing fund TOTAL FUNDS |
At 1/1/24 £ 130,120 - 500 8,160 8,660 138,780 |
2024 £ 278 1,416 4,164 5,858 2024 £ 4,153 2,897 567 - 7,617 Net movement in funds £ 42,392 88,055 (20) - 88,035 130,427 |
2023 £ - 4,173 2,994 7,167 2023 £ - - 480 2,542 3,022 At 31/12/24 £ 172,512 88,055 480 8,160 |
2023 £ - 4,173 2,994 |
|---|---|---|---|---|
| 7,167 | ||||
| 2023 £ - - 480 2,542 |
||||
| 3,022 | ||||
| 96,695 | ||||
| 269,207 |
continued...
Page 9
Cleobury Community Hub
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
10. MOVEMENT IN FUNDS - continued
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 TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Sound system fund Double glazing fund TOTAL FUNDS |
Incoming resources £ 158,419 3,000 93,055 - 96,055 254,474 At 1/1/23 £ 97,412 - - - 97,412 |
Resources Movement expended in funds £ £ (116,027) 42,392 (3,000) - (5,000) 88,055 (20) (20) (8,020) 88,035 (124,047) 130,427 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 |
|---|---|---|
continued...
Page 10
Cleobury Community Hub
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 155,867 Restricted funds Rent fund 6,000 Hub development fund 2,594 Sound system fund 500 Double glazing fund 8,160 17,254 TOTAL FUNDS 173,121 A current year 12 months and prior year 12 months combined position is as follows: At 1/1/23 £ Unrestricted funds General fund 97,412 Restricted funds Hub development fund - Sound system fund - Double glazing fund - - TOTAL FUNDS 97,412 |
Resources Movement expended in funds £ £ (123,159) 32,708 (6,000) - (2,594) - - 500 - 8,160 (8,594) 8,660 (131,753) 41,368 Net movement At in funds 31/12/24 £ £ 75,100 172,512 88,055 88,055 480 480 8,160 8,160 96,695 96,695 171,795 269,207 |
Resources Movement expended in funds £ £ (123,159) 32,708 (6,000) - (2,594) - - 500 - 8,160 (8,594) 8,660 (131,753) 41,368 Net movement At in funds 31/12/24 £ £ 75,100 172,512 88,055 88,055 480 480 8,160 8,160 96,695 96,695 171,795 269,207 |
|---|---|---|
| 8,660 | ||
| 41,368 | ||
| At 31/12/24 £ 172,512 88,055 480 8,160 |
||
| 96,695 | ||
| 269,207 |
continued...
Page 11
Cleobury Community Hub
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
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 Hub development fund Sound system fund Double glazing fund TOTAL FUNDS |
Incoming resources £ 314,286 9,000 95,649 500 8,160 113,309 427,595 |
Resources Movement expended in funds £ £ (239,186) 75,100 (9,000) - (7,594) 88,055 (20) 480 - 8,160 (16,614) 96,695 (255,800) 171,795 |
Resources Movement expended in funds £ £ (239,186) 75,100 (9,000) - (7,594) 88,055 (20) 480 - 8,160 (16,614) 96,695 (255,800) 171,795 |
|---|---|---|---|
| 96,695 | |||
| 171,795 |
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
Page 12
Cleobury Community Hub
Detailed Statement of Financial Activities for the Year Ended 31 December 2024
| 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 Fundraising costs Plant and machinery Computer equipment Other trading activities Purchases Wages Social security Pensions Administrative expenses Maintenance charges Total resources expended Net income |
2024 £ 63,083 7,124 135,000 205,207 5,378 42,483 47,861 1,406 254,474 3,000 216 4,246 670 1,315 365 4,775 238 948 15,773 20,396 75,564 793 3,702 6,815 1,004 108,274 124,047 130,427 |
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 |
This page does not form part of the statutory financial statements
Page 13