St MINVER COMMUNITY HUB CIO Charity Account No 1187638 Annual Accounts Independent Examiner's Report Trustees, Annual Report for the Financial Year 06 April 2024 to 05 April 2025 Submitted by K Snelling, Hon Treasurer
Accounts for the eriod ended 5th A ril 2025 St Minyer Communi Hub CIO Registered Charity Number 1187638
St Minver Comrnunit Hub CIO Contents of the Accounts rthe eriod ended thA ril 2025 Page General information Independent Examiners Report Statement of Financial Activities Statement of Assets and Liabilities Notes to the Accounts
St Minver Communi Hub CIO General Information riod ended 5th A rll 2025 for the TRUSTEE AND CHAIR C Mould TRUSTEE & HON. TREASURER K Snelling TRUSTEE C B05well-Munday TRUSTEE D Witts TRUSTEE S Robertson ADDRESS Whispering Trees Rock Road St Minver Wadebridge Cornwall PL27 6PW Independent Examiner5 Brooks and Jeal Eddystone Road Wadebridge Cornwall PL27 7AL Page I
INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF ST MINVER COMMUNtrY HUB ao CHARITY NUMBER 1187638 This report is on the accounts of the charity for the period ended 5th April 2025 set out on pages 3-7. I report to the trustee5 on my examination of the accounts of the above charity"The Trust" for the period en¢Jed 5th April 2025. Responslbllltles and basls of report As the charity tru5tee5 of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carryirig out my examination, I have followed the applicable Directions given by the Charity Commission under section 1451511bl of the Act. Independent examlnerfs ststement I have completed my examination. I confirm that no materlal matters have come to my attention in connection with the examination which gives me cause to believe that in any material fespett.. accounting records were not kept in accordance wfth section 130 of the Act or the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn In order to enable a proper understanding of the accounts to be reached. Signed.. FJ Nicola Brooks ACA Date.. i. Brook5 & Jeal Chartered Accountants Eddystone Road W3debridge Page 2
St Minver Commun. Hub CIO ststement of Financial Act4vItiÈs For the Sod 6th A rll 2024 to 5th A ril 2025 Note 2024125 Z023124 Unre5trirted funds Unrestrkted funds Incomlng Resources General Donations Health Hub Receipt5 Skills Hub Receipts Fund Raising Events CIL Grant Receipts Bernard Sunley Grant Receipt Football Federation Grant Receipt Interest Received 27,500 6.122 18,082 41,495 4.698 13.540 668 77,230 35,0 25,000 6,215 Total Incoming Resour5 195,148 60.401 Resources Expended Heèlth Hub Payments Skills Hub Paymer Insuranee of F<tball Club Building Lease Payment for Playlng Field Website FSB Membership Fund Raising Leaflets and Tickets Bank Charges Accountancy Fees Depreciation on Equlpment 2,603 13,194 2,227 4,187 loo 116 70 245 81 750 5,015 22,059 105 I,iio 4,532 12,377 Total Resourcès Ejtpended 22,059 12,377 Net lncomellEXpendurèl 173,089 48.024 Corporation Tox Charge 1.181 Net Income after faxatlon 171,908 48.024 Total funds brought forward Total fttnds carrFed fonvard 227,529 399,437 179.505 227.529 Page 3
MIATrCOMMUnI HubCIO Notè 20W25 IOZ4115 Tots120W25 2023124 2023124 1023n4 r4sidrt•d R•strktsd Funds Totsl Funds Funds Total FlxedAsset$ Tangits Assets Tot81 Fixed Asets 249,466 249.466 249.466 249.466 90.949 ,949 90.949 90.949 CurreniA5sets Cvrrent Account Dep051t Account Frepaymen15 Total CurrentAssets 10.411 143,605 IOA2I 470,( 288 326,395 133.398 279 136.602 270.Q 279 274.143 154,315 326,395 4AO,710 137.541 136.602 Credlto¥s'. amountsf•lllDidue oneyeai 1.9J8 J,165 1,181 326 395 330,n9 961 961 PAYE creditor Corparationtaxcredftor Deferred Grant 1.165 i.ui 326,a95 326595 136,602 136.602 136,fA)2 137.563 NEtCurrenrAssets/LSabllltles 149.971 149,971 136.580 136,580 Total Assets l•ss Cumt Uabilit* 399,437 399A31 227529 227.529 n05 OttheCh•iity Unre5trkted Funds 399,437 399A37 227,529 227.529 Total Fund$ a.437 399,437 227,529 227.529 Signedon behawof theCIO". C Mould Trustee Chair Date-. 0810112025 KSAelllrh8 Tivstee and HotsTrÈè5urÈr Date.. 0810112D25 Page 4
St Minver Communit Hub CIO Note5 to the Acc(wnt5 for the riod ended 5th A il 2025 Basls of Preparailon 1.1 Basis of Accountln8 These accounts have been prepared under the historical tost convention with item5 recognised at cost or transaction value unless otherwise stated in the relevant notes to these 3ccounts. The accounts have been prepared in accordance with the Charitie5 Act 2011. The charity constitutes a public benefit entity. 1.2 Going Concern The accounts have been prepared on a going concern basis which the Trustees consider to be appropriate for the following reason.. The trustees review all income, expenditure and financiol commitments at the monthly Board meetings to confirm that funding is available to cover committed expenditure and ensure that the CIO is operating as a going toncern. The trustees confirm that throughout this accounting period, the accounts and cash flow charts for the build of the new Community Hub building show that the CIO has operated, and continues to operate, as 8 going concern. The trustees are satisfied that the charity has adequate resources to remain in operational existence for at least twelve months from the date of approval of the accounts and have therefore prepared the accounts on a going concern basis. Related Party Transartlons The Chair of Trustee5, Carol Mould is a Cornwall County Councillor and a significant amount of funding to the CIO is via Cornwall Council. Carol has made a declaration of interest to both Cornwall Council and the CIO, and she has had no involvement in the allocation of SPF and CIL funding to the St Minver CommL¢nity Hub CIO. The trustees are satisfied that this does not lead to any conflict of interest or relationship with related parties. No trustees remuneration has been paid in the year. During the year expenses of £892.01 were reimbursed to C Boswell-munday, and £66.98 to D Witts. These expenses were for purchases of materials and equipment required for the day to day running of the facilities that the CIO is managing. The trustees review all actions and transactions at the monthly Board meetings to identify any conflicts of interest or relationship with related parties. The trustees confirm that during this accounting period there were no conflicts of interest or relationships with related parties. Page 5
St Minver Communi Hub CIO Note5 to the Accounts for the riod ended 5th A il 2025 Health Hub Runnin Income Medical Prartice Podiatrist costs 2024125 2023124 5,122 1,000 6,122 4,698 Total 4,698 Expenditure Insurance Electricity Cleaning Maintenance Total 490 745 1,368 364 508 1.320 35 2,603 2,227 Skllls Hub Runnin In¢ome Room Hire Payments Parish Council Rent Cornwall Council Grant Volunteer Cornwall Grant University of Plymouth Donation Events entry payments Total Costs 2024125 2023124 758 2,000 2,535 5,000 5,000 10.000 670 335 13.540 1,324 18,082 Expendlture Water Electricity Business Rates BT Internet Equipment Maintenance Insurance Software Services Stationery Wages including pension Event Running Costs Total 236 668 108 619 971 1,118 204 757 105 707 167 178 274 375 1,760 279 7,480 748 265 13,194 4,187 Page 6
St Mlnver Communl tothe AJnIS for th• Hub CIQ endAd 5th 112025 Flxed Assets 2024125 2024125 1024125 Ur1cd Unrestritted Re5tritted Funds 2024125 2023124 Tot&1 t05t Freehold At 6th April 2024 Additions Grant Received Disposals At 5th April 2025 22,659 7,242 -4,828 72,822 483,354 -322,236 95,481 21,Z76 490,596 211,876 -327,064 -137,671 25,073 233,940 259,013 95,481 De reciation At 6th *)ril 2024 Charge for the year 0poS215 At 5th April 2025 4,532 5,015 4.SJ2 5,015 4,532 9,547 9,547 4,532 Net 8ook Value at 5th April 2025 15,526 233.940 249,466 90,949 Net Bookvalue at 5th April 2024 18,127 72.822 90,949 90.949 The fixed asset addtion comprise5the cost 5pentfrom 6th April 2024 to 5th April 2025 on constrLttin£ the new Community Hub building, includin8 IlTrte8ral equIpmt additlons. Two thirds of the cost1£327,0641 funded frorn the SPF Grant fundlng oF£516.857 received in 2024n5, ènd the further one thir(11£163,53ZI match funded frorn CIO reser¥es. The remalninÉ £1,793 of the the SPF Grant funding received in 2024125 15 further deferred income reserved for future build Costs of the new Community Hub Building. taklng total deferred income a5 at 5th April 2025 to £326.395. The totsl cost of the project. in the reglon of El,150.TrW, wlll be shown asa fixed asset in the financial reportfor 2025126 and will be depreciated at the rate of 2% perannu¢p commencin¥ in the f&nanci?l year 2025126 s and debt There are no Euarantee5gwen bythe CIO. There Is no debt outstandin8 at 5th Apnl 2025. and no chae on any ofthe CIO assets. The SPF Grant Agreemtnt include5 3 draw b3£kc13use that Sn the event that the new Community Hub Building is not tomfved some orall of tIFe SPF Grant may have to be repatd. The riskof this becoming a liability is rated as very low. P38e 7
(HARITY ION Trustees. Annual Report for the period I Period start date Period end dale From 2024 To 05 2025 Section A Reference and administration details Charity name St Minver Community Hub CIO Other names charity is known by None Registered charity number (If any) 1187638 Charity's principal address Whispering Trees, Rock Road, St Minver Wadebridge Cornwall Postcode PL27 6PW Names of tho charity trustees who manage the charity Trust•0 name Offlce Ilf anyl Date8 acted if not for whole Name of pèwsan lor body) èntitled to a oint trustee CIO Board CIO Board Carol Mould Christine Boswell-MLsnday Keith Snelling David Witts Stuart Robertson Chair of Board Board Member Board Member &Treasurer Board Member CIO Board CIO Board Board Member CIO Board Names of the trustees for the charity, if any> (for example, any custodian trustees) Name Dates acted if not for whole ear None Names and addresses of advisers (Optional informatlon) of adviser Name Address None Name of chief executive or names of senior staff mèmbers (Optional informatlonl TAR March 2012
Section B Structure, governance and management Description of the charity's trusts Type of goveming document leg. trust oeed. constitulioi St Minver Community Hub CIO Governing Documentlconstitution issue V194 dated 419119 How the charity is Gonslituted Charitable Incorporated Organisation Trustee selection methods Appointed by the CIO Board of Trustees Additlonal governance Issues (Optional inforniationl You may choose to include additional information. where relevant, about-. The St Minver Community Hub Trustees are all unpaid Volunteers. During the period of this TAR all payments made to Trustees were for reimbursement of expenditure for purchases of materials and equipment required for the day to day running of the facilities that the CIO is managing. policies and procedures adopted for the induction and training of trustees., the charity's organisalional structure and any wider network with which the charity works., relationship with any relat8d parties., trustees, consideration of major risks and the system and procedures to manage them. The Chair of Trustees, Carol Mould, was a Comwall County Councillor throughout the period ofthis TAR and until May 2025. A significant source of funding for the new Community HLsb is from SPF and CIL funds managed by Cornwall Council. Carol Mould formally declared this interest to both Comwall Council and St Minver Community Hub CIO, and has had no involvement in the allo¢ation of SPF and CIL funding to the St Minver Community Hub CIO. The Trustees review all actions and transactions at the monthly Board Meetings to identify any conflicts of interest or relationship with related parties. The Truslees confirm that during the period of this TAR there were no conflicts of interest or relationships with related parties. The Trustees review all income, expendrture and financial commitment at the monthly Board meetings to confirm that funding is available to cover committed expenditure and ensure that the CIO is operating as a going concem. The Trustees confirm that throughout the period of this TAR the accounts and cashflow charts for the bLtild of the new Community Hub building and the ongoing operation of existing facilities show that the CIO haso rated and continues to o erate, as a oin concern. TAR March 2012
Section C ectives and activities To further or benefit the residents of St Minver and the neighbourhood, without distinrtion of sex, sexual orientation, race or of political, religious or other opinions by associaling together the 58id 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. Summary of thè objects of the eharity set out In its governing document In furtherano of the objectives the CIO activities are to establish or se¢ure the establishmenl of a community centre and to maintain or manage or cooperate with any statutory authority in the maintenance and management of such a centre for activities promoted by the CIO. Nothing in the CIO Constitution or the objectives shall authorise an application of the property of the CIO for any purposes that are not charitable in accordance with the Charities and Trustee Investment Acts. The raising of funds and the use of all funds raised to provide facilities and assistance to the residents to improve their quality of life. The principal activity is to provide and subsequently manage a new Community Hub building providing facilities for existing local groups and activities including the Guides, Scouts, Football Club, Parish Council and Health Hub but also having the Spa and facilities to accommodate many other groups and a¢livities recognising in particular the needs and wellbeing of the elderly and socially isolated members of the community. In respect of the objectives and activities of the CIO. thèse have been established and are being implemented with full regard to the guidan iSSLJed by the Charity Commission on public benefit. Summary ofthe main activlties undertaken for the public benefit in relation to these objects {inGlude withln this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit Addilional detalls of objectives and actiVFties (Optional infonnation} You may choose lo include further statements, where relevant, about. policy on grantmaking., policy programme related investment., contribution made by volunteers. TAR March 2012
Section D Achievements and performance Summary ofthe main achievements of the charlty during the year In this fifth year of operation the main achievement$ of the CIO are'.- Progressing the build of the new Community Hub. During the period of this TAR the extemal structure has been completed and internal rtIng out commenced. Completion of the Project is scheduled for early 2026. Managing the flow offunds from the SPF and CIL grants, and the raising of further funding through operation of existing facilities, grant applications, events and donations. Continuing to finance and manage an interim Health Hub that is used by the Wadebridge and Camel Estuary practi to continue to provide a local nurse led medical service and prescription service for some 1100 local residents after the local surgery Glosed. Continuing to manage a Mini Hub providing facilities for local people to meet socially, hold events and undertake skills training. Employment of a full time Hub Manager, on a salary that exceeds the Living Wage, with responsibility for organising all ongoing activities in the presently available facilities, preparing for the organisation of activities in the new Community Hub, and Pursuing fund generating activities. Section E Financial review Through the ongoing fund raising and Community Hub build phases of the project the CIO policy on reserves is to only commit to the next phase of the Project when funds are immediately available to ensure that the phase can be completed. Brief statement of the charity's policy on reserves The established rental agreements with the users of the Snterim Health Hub and the Mini Hub generate income that exceeds the ongoing costs. Reserves al the end of the financial year 24125 exceeded the annual running costs. Reserves for the ongoing operation of the Community Hub will be established as it becomes operational based on, and as a minimLtm, the annual committed running costs. A full set of Policies for ongoing operation of the Hub are in preparation and will fully address the future reserves Details of any funds materially in deficit There are no funds in deficit. TAR March 2012
Further financial revièw details (Optional infonnation) You may choose to include additional information, where relevant about.. The CIO sources of funding through the phases of the project to completion of the new community hub building are local fundraising events, donations, grants and rental payments for facilities already available. For running and maintaining the new facilities the funding will be from ongoing rental agreements, rèalistic charges for th8 use of the premises and the surplus from the planned Community Café. the charity's principal sources of funds (including any fundraising)., how expenditure has supported the key objectives of the charity.. inveslment policy and objectives including any ethical inveslment policy adopted. Expenditure to date covers four aspects of the CIO objectives. Upfront costs of building design, planning permission and legal issues to progress building of the Community Hub. Deposits and progress payments for the build of the new Community Hub Providing and managing an interim Health Hub that is used by the Wadebridge and Camel Estuary Practice to continue to provide a local nurse led medical service and prescription service for some 1100 local residents after the local surgery closed. Providing and Managing a Mini Hub for local people to meet socially, hold events and undertake skills training The CIO has no investments and has no intention to make any All funds raised are held in reputable current and deposit bank accounts until such time as they are used to pay for operational costs of the Interim Health Hub and Mini Hub, or fund the next phase of the ro ect. Section F Other optional information Section G Declaration The trustees de¢laTr that they have approved the trustees, report above. Signed on behalf of the charity's trustees Slgnature($l Full namels} Position (eg Secretary, Chair, etcl Carol Mould Christine Boswell-munday Trustee and Chair of Board Trustee and Board Member Date 8° January 2026 TAR March 2012