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2021-03-31-accounts

REGISTERED CHARITY NUMBER: 1187528

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2021 for Bournville Hub CIO

Bournville Hub CIO

Contents of the Financial Statements for the Year Ended 31 March 2021

Page
Contents of the Financial Statements 1
Report of the Trustees 2 - 5
Report of the Independent Examiners 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 - 13

1

Bournville Hub CIO

Report of the Trustees for the Year Ended 31 March 2021

The trustees present their report with the financial statements of the charity for the period ended 31st March 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "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)".

OBJECTIVES AND ACTIVITIES

The objects of Bournville Hub CIO are to further or benefit the residents of Bournville and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for the residents.

In order to further these objects, the charity runs the community building known as Bournville Hub. It runs a year-round programme of events for the residents of Bournville.

The charity has a small staff team and relies on the support of volunteers from the local community to run their events.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document

Bournville Hub is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission on 23 January 2020.

It is governed by a board of trustees. All newly appointed trustees are given, in the view of the trustees, sufficient training and have enough knowledge to control and effect the charity's governance, strategy and operations effectively. Trustees are recruited, on the basis of having a broad range of knowledge and experience across the board of trustees.

ACHIEVEMENTS AND PERFORMANCE

The activities of the charity were previously operated by Busy Parents Network CIC which decided that these operations would be best run by a charity. Busy Parents Network CIC therefore transferred the operations and associated grant income to the charity.

The activities of the charity during this first accounting period have been severely curtailed by the Covid-19 pandemic. The charity pivoted to provide frontline Covid-19 Emergency Response including setting up and running a food parcel scheme during Lockdown 1. The charity was awarded the Birmingham Lord Mayor’s Award for community service for their agile response to serving the local community during the pandemic. It was not possible to run events during the accounting period due to social distancing restrictions.

The Trustees have had regard to the Charity Commission’s guidance on public benefit in running its operations.

2

Bournville Hub CIO

Report of the Trustees for the Year Ended 31 March 2021

ACHIEVEMENTS AND PERFORMANCE - continued

Risk Management

The Trustees have examined the major strategic and operational risks which the charity faces and confirm that systems have been established to monitor those risks so that the necessary steps can be taken to lessen them. The key risks are:

FINANCIAL REVIEW

Financial Overview

These are the first set of accounts prepared for the Charity.

The charity made a surplus across all funds of £52,005 of which £3,609 is to be carried forward forward for restricted purposes.

The charity’s principal sources of income included office rental of £4,088, grants of £74,099 and donations of £3,947.

Expenditure is analysed in detail on page 11 of these accounts.

At the close of the financial year, the charity maintained unrestricted reserves amounting to £48,396.

Reserves policy

The trustees have adopted a reserves policy of maintaining between 3 and 6 months running costs within general unrestricted reserves, the current level of reserves meets this requirement.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements.

FUTURE PLANS

During 2022, Trustees have plans to maximise the opportunities for community engagement around the Queen’s Diamond Jubilee in June and the Commonwealth Games being hosted in Birmingham in Summer 2022. The charity will partner with other community stakeholders to maximise community impact.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is a Charitable Incorporated Organisation with a foundation constitution and is registered with the Charity Commission in England.

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Bournville Hub CIO

Report of the Trustees for the Year Ended 31 March 2021

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1187528 (England and Wales)

Registered office

27 Sycamore Road Bournville Birmingham B30 2AA

Trustees

Moira Wright Sarah Mullen John Dolan

Accountants and Independent Examiners

SAB Accountancy Services Ltd 102 Hamstead Road Great Barr Birmingham B43 5BN

Bankers

The Co-Operative Bank Plc P.O. Box 250 Skelmersdale WN8 6WT

4

Bournville Hub CIO

Report of the Trustees for the Year Ended 31 March 2021

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees are responsible for preparing the report of the trustees and the financial statements in accordance with applicable law and United Kingdom accounting standards (United Kingdom Generally Accepted Accounting Practice).

In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 7 March 2022 and signed on its behalf by:

Sarah Mullen Trustee

5

Bournville Hub CIO

Report of the Independent Examiners for the Year Ended 31 March 2021

We report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2021 which are set out on pages' 7 to 13

Responsibilities and basis of report

As the charity trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

We report in respect of our examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out our examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

We have completed our examination. We confirm that no material matters have come to my attention in connection with the examination giving us cause to believe that in any material

  1. accounting records were not kept in respect of the charity as required by section 130 of the

  2. the accounts do not accord with those records; or

  3. 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.

  4. 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)).

We 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.

Steven Breese ACMA, CGMA SAB Accountancy Services Ltd 102 Hamstead Road Great Barr Birmingham B43 5BN

26 February 2022

6

REGISTERED CHARITY NUMBER: 1187528

Bournville Hub CIO

Statement of Financial Activities for the Year Ended 31 March 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
CHARITABLE ACTIVITIES
Other trading activities
4
Total
EXPENDITURE ON
Charitable activities
Charitable activities
6
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2020-21
Unrestricted
funds
£
54,595
4,088
58,683
10,287
10,287
48,396
-
48,396		 2020-21
Restricted
funds
£
23,951
-
23,951
20,342
20,342
3,609
-
3,609		 2020-21
Total
funds
£
78,546
4,088
82,634
30,629
30,629
52,005
-
52,005

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

7

REGISTERED CHARITY NUMBER: 1187528

Bournville Hub CIO

Balance Sheet As at 31 March 2021

Notes
FIXED ASSETS
Tangible Fixed Assets
10
CURRENT ASSETS
Cash at bank and in hand
Debtors
8
CREDITORS
Amounts falling due within one year
5
NET CURRENT ASSETS/(LIABILITIES)
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
9
Unrestricted funds
Restricted funds		 2020-21
Unrestricted
funds
£
559
47,904
3,533
51,437
3,600
-
47,837
48,396
48,396
48,396
-
48,396		 2020-21
Restricted
funds
£
-
3,609
-
3,609
-
3,609
3,609
3,609
-
3,609
3,609		 2020-21
Total
funds
£
559
51,513
3,533
55,046
3,600
-
51,446
52,005
52,005
48,396
3,609
52,005

The trustees acknowledge their responsibilities with respect to the accounting records and the preparation of the accounts.

The charity's trustees consider than an audit is not required for this year, under Section 144 of the Charities Act 2011 (the Act). An independent examination is required as per section 145 of the Charities Act 2011 (the 2011 Act) and this is included on page 6 of these accounts.

The financial statements were approved by the Board of Trustees on 7 March 2022 and were signed on its behalf by:

Sarah Mullen Trustee

8

Bournville Hub CIO

Notes to the Financial Statements for the Year Ended 31 March 2021

1 ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity 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 2015)', 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.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then the income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

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 costs relating to the category. Where costs cannot be directly attributed to a particular heading they have been allocated to activities on a basis consistent with the use of resources. Expenditure is classified under the following activity headings:

Charitable activities - this comprises the direct costs of activities undertaken to further the purposes of the charity, including grants payable and all associated support costs.

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010.

Taxation

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

9

Bournville Hub CIO

Notes to the Financial Statements for the Year Ended 31 March 2021

1 ACCOUNTING POLICIES - continued

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, restricted funds are detailed on page 12 of these accounts.

Tangible Fixed Assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and Fittings - 12.5% on cost

Individual fixed assets costing £400 or more are capitalised at cost.

2 TRUSTEES REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021, this is the first reporting period.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021, except for reasonable out of pocket expenses. This is the first reporting period.

3 INCOME FROM DONATIONS AND LEGACIES

Donations
Secondments
Grants		 2020-21
£
3,947
500
74,099
78,546

4 INCOME FROM OTHER TRADING ACTIVITIES

Office Rental 2020-21
£
4,088

5 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accrued expenditure
Deferred income		 2020-21
£
625
2,975
3,600

10

Bournville Hub CIO

Notes to the Financial Statements for the Year Ended 31 March 2021

6 CHARITABLE ACTIVITIES COST

Direct costs
Premises Expenses
Food Parcels
Salaries
Internet
General admin
Subscriptions
Cleaning
Website Costs
Refreshments
Training
Computer & I.T Costs
Consultancy
Marketing
Fixtures & fittings dep
Support costs
TOTAL COSTS
7 STAFF COSTS AND ASSOCIATED EXPENSES
Wages and salaries
Social security costs
Other pension costs
The average number of employees during the year was as follows:
Full Time
Part Time		 2020-21
£
9,520
4,390
9,873
1,244
227
206
1,336
964
27
60
7
625
402
80
28,961
1,668
30,629
2020-21
9,489
180
204
9,873
2020-21
0
2
2

The key management personnel of the charity comprise the Trustees. Trustees receive no remuneration or other benefits from the charity.

8 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Prepaid expenditure
Trade debtors
Accrued income		 2020-21
£
617
2,500
416
3,533

11

Bournville Hub CIO

Notes to the Financial Statements for the Year Ended 31 March 2021

9 MOVEMENT IN FUNDS

At 31.03.2021
Unrestricted funds
£
General fund
48,396
Restricted funds
Awards for All
-
William Cadbury CT
1,500
Selly Oak NNS
397
Food Parcel Project
-
Heart of England
-
Charties Aid Foundation
1,712
Total Restricted Funds
3,609
Total Funds
52,005
Net movement in funds, included in the above are as follows:
Incoming
resources
Unrestricted funds
£
General fund
58,683
Restricted funds
Awards for All
10,000
William Cadbury CT
1,500
Selly Oak NNS
4,000
Food Parcel Project
2,951
Heart of England
3,000
Charties Aid Foundation
2,500
Total Restricted Funds
23,951
Total Funds
82,634		 Net
movement
in funds
At 23.01.2020
£
£
48,396
-
-
-
1,500
-
397
-
-
-
-
-
1,712
-
3,609
-
52,005
-
Resources
Movement
expended
in funds
£
£
10,287
48,396
10,000
-
-
1,500
3,603
397
2,951
-
3,000
-
788
1,712
20,342
3,609
30,629
52,005

The General fund represents unrestricted funds that can be utilised for charitable purposes as determined by the trustees.

12

Bournville Hub CIO

Notes to the Financial Statements for the Year Ended 31 March 2021

10 TANGIBLE FIXED ASSETS

Cost
At 23 January 2020
Additions
Disposals
At 31 March 2021
Depreciation
At 23 January 2020
Charge for the year
Additions
Disposals
At 31 March 2021
Net Book Value at 23 January 2020
Net Book Value at 31 March 2021		 Fixtures
and Fittings
£
-
639
-
639
-
80
-
-
80
639
559		 Total
£
-
639
-
639
-
80
-
-
80
639
559

11 COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES

There was no previous reporting period for which a comparative could be prepared.

12 LEASE COMMITMENTS

There were no operating lease payments committed beyond the year ended 31 March 2021, this is the first reporting period.

13 CAPITAL COMMITMENTS

There were no capital commitments at the date of approving these accounts.

13