Registered charity number: 1192590
James Hutchison trading as Elson Community Library & Hub
Unaudited Accounts
31 December 2022
James Hutchison trading as Elson Community Library & Hub Contents
| Page | |
|---|---|
| Business information | 1 |
| Approval statement | 2 |
| Charirman's report | 3 |
| Chartered Accountants' report | 4 |
| Profit and loss account | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7 |
James Hutchison trading as Elson Community Library & Hub Business Information
Trustees
Janice Almond - Chair Jane Henry Karen Hutchison Linda Hall Malcolm Swire David Sekules Kelly Briggs Richard Earle
Treasurer
James Hutchison
Accountants
Accountably Limited 1st Floor, Unit 12 Compass Point Ensign Way Hamble Southampton Hampshire SO31 4RA
Business address
136 Chantry Road Elson Gosport Hampshire PO12 4NG
1
James Hutchison trading as Elson Community Library & Hub
Approval statement
I approve the accounts which comprise of the Profit and Loss Account, the Balance Sheet and the related notes. I acknowledge my responsibility for the accounts, including the appropriateness of the applicable financial reporting framework as set out in note 1, and for providing Accountably Limited with all information and explanations necessary for their compilation.
James Hutchison
……………….
2
James Hutchison trading as Elson Community Library & Hub
Chairman's Report for the year ended 31 December 2022
As we have come to the end of the year 2022 what a great year it has been. We have grown from strength to strength and this is due to the fact that we have an amazing team of Volunteers and Trustees, along with our admin assistant Jenny who is one of our greatest assets.
Our treasurer (Jamie Hutchison) does an amazing job along with being our project manager and is always looking for sources of funding to increase our accounts. Also we have an events volunteer (Chris Belcher-Banes) who over the last year has organised, with support, many evening events and craft fayres which has provided us with a brilliant amount of income which gives us the ability to then organise free events for children and elderly members.
Our membership has grown during this time and we have a great variety of members which includes children of all ages and adults including the elderly.
As our members know we are always busy with a continuing programme of growth and we will continue in 2023 to support our community groups with free access to the library and hub. The essence of our hub is that, wherever possible, we try to include any groups who enquire about using our hub. Most groups we require payment from but we provide free sessions for Mental Health and Domestic Abuse meetings.
Without all our volunteers, who most have been with us since opening the hub, we would not have achieved the level we have reached so far and long may it continue. It is a thriving and well used part of our local community and we have received many compliments since opening.
We all look forward to continuing with our success in the year to come.
Jan Almond Chair of the Trustees Elson Community Library & Hub Telephone 07950 836823 jan@janalmond.co.uk
3
James Hutchison trading as Elson Community Library & Hub
Chartered Accountants' report to James Hutchison on the unaudited accounts of James Hutchison trading as Elson Community Library & Hub
In accordance with the engagement letter dated 10 February 2023, we have prepared for your approval the accounts of James Hutchison trading as Elson Community Library & Hub for the year ended 31 December 2022 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the entity's accounting records and from information and explanations you have i
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with ICAEW Technical Release TECH08/16AAF.
Accountably Limited Accountants
1st Floor, Unit 12 Compass Point Ensign Way Hamble Southampton Hampshire SO31 4RA
……………….
4
James Hutchison trading as Elson Community Library & Hub Profit and Loss Account
for the year ended 31 December 2022
| Turnover Direct costs Gross profit Expenses Wages, salaries and other staff costs Rent, rates, power and insurance costs Repairs and renewals of property and equipment Telephone, fax, stationery and other office costs Advertising and business entertainment costs Accountancy, legal and other professional fees Depreciation and loss/(profit) on sale Other business expenses (Loss)/profit |
2022 £ 38,352 11,017 27,335 11,535 8,237 6,608 2,238 - 1,722 1,541 360 32,241 (4,906) |
2021 £ 52,650 5,186 |
|---|---|---|
| 47,464 | ||
| 3,999 5,375 668 1,657 879 291 1,542 440 |
||
| 14,851 | ||
| 32,613 |
5
James Hutchison trading as Elson Community Library & Hub Balance Sheet
as at 31 December 2022
| Notes Fixed assets Fixtures, fittings, equipment and machinery 3 Current assets Stock and work in progress Bank/building society balances Cash in hand Other current assets and prepayments Current liabilities Deferred income Other liabilities and accruals Net current assets Net assets Capital account Balance at start of period Net (loss)/profit |
358 31,963 220 275 |
2022 £ 4,623 23,084 |
- 26,516 20 - |
2021 £ 6,164 26,449 |
|---|---|---|---|---|
| 32,816 | 26,536 | |||
| 9,050 682 |
- 87 |
|||
| 9,732 | 87 | |||
| 27,707 | 32,613 | |||
| 32,613 (4,906) |
- 32,613 |
|||
| 27,707 | 32,613 |
6
James Hutchison trading as Elson Community Library & Hub Notes to the Accounts for the year ended 31 December 2022
1 Accounting basis
The accounts have been compiled on a basis that enables profits to be calculated in accordance with UK Generally Accepted Accounting Practice and that provides sufficient and relevant information to enable the completion of a tax return.
2 Profit and loss account analysis
| Turnover Grants Donations received Sales Membership Other income Collection boxes Room hire Tea room Community events Direct costs Purchases Increase in stocks Wages, salaries and other staff costs Wages and salaries Pensions Employer's NI Staff training and welfare Rent, rates, power and insurance costs Rates Light and heat Cleaning Repairs and renewals of property and equipment Repairs and maintenance Telephone, fax, stationery and other office costs Telephone and internet Postage Stationery and printing Software Other insurance costs |
2022 £ 11,075 3,040 7,001 713 241 1,550 2,089 4,820 7,823 38,352 11,375 (358) 11,017 10,986 330 200 19 11,535 690 6,515 1,032 8,237 6,608 572 159 608 427 472 2,238 |
2021 £ 41,808 1,382 4,437 355 - 774 445 1,652 1,797 |
|---|---|---|
| 52,650 | ||
| 5,186 - |
||
| 5,186 3,272 322 405 - |
||
| 3,999 | ||
| 339 4,469 567 |
||
| 5,375 | ||
| 668 | ||
| 352 295 882 128 - |
||
| 1,657 |
7
James Hutchison trading as Elson Community Library & Hub Notes to the Accounts for the year ended 31 December 2022
| Advertising and business entertainment costs Advertising and PR Accountancy, legal and other professional fees Accountants fees Other legal and professional Depreciation and loss/(profit) on sale Depreciation Other business expenses Other expenses |
- 962 760 1,722 1,541 360 |
879 |
|---|---|---|
| 291 - |
||
| 291 | ||
| 1,542 | ||
| 440 |
8
James Hutchison trading as Elson Community Library & Hub Notes to the Accounts
for the year ended 31 December 2022
- 3 Plant, machinery and motor vehicles
| Plant, machinery and motor vehicles | ||
|---|---|---|
| Cost At 1 January 2022 At 31 December 2022 Depreciation At 1 January 2022 Charge for the year At 31 December 2022 Net book value At 31 December 2022 At 31 December 2021 |
Plant and Fixtures, fittings machinery & equipment £ £ 469 7,237 469 7,237 94 1,448 94 1,447 188 2,895 281 4,342 375 5,789 |
Total £ 7,706 |
| 7,706 | ||
| 1,542 1,541 |
||
| 3,083 | ||
| 4,623 | ||
| 6,164 |
9