2025-01-01-accounts - The Corner House Family and Community Hub CIO

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Tab1

The Corner House Family and Community Hub CIO

Charity number: 1197336

Registered address: 1 Berner Street, Birkenhead CH41 4JY

Trustees

Kath Shaughnessy

Andrew Smith

Lisa McKevitt

Jane Egan

The report of the trustees year ended 1st January 2025

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 1 January 2025. 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.

In late 2023, following consultation with families, the trustees passed a resolution which proposed changing the charity’s name from Bee Early Years CIO to The Corner House Family and Community Hub CIO. This resolution was forwarded to the Charity Commission and we received approval for the name change from them at the beginning of February 2024. Objectives and activities

“TO ENHANCE THE DEVELOPMENT AND EDUCATION OF CHILDREN PRIMARILY UNDER STATUTORY SCHOOL AGE LIVING ON THE WIRRAL AND THE SURROUNDING AREA BY ENCOURAGING PARENTS TO UNDERSTAND AND PROVIDE FOR THE NEEDS OF THEIR CHILDREN THROUGH COMMUNITY GROUPS AND BY;

1. OFFERING APPROPRIATE PLAY, EDUCATION AND CARE FACILITIES AND TRAINING COURSES, TOGETHER WITH THE RIGHT OF PARENTS TO TAKE RESPONSIBILITY FOR

AND TO BECOME INVOLVED IN THE ACTIVITIES OF SUCH GROUPS, ENSURING THAT SUCH GROUPS OFFER OPPORTUNITIES FOR ALL CHILDREN WHATEVER THEIR RACE, CULTURE, RELIGION, MEANS OR ABILITY.”

2. ENCOURAGING THE STUDY OF THE NEEDS OF SUCH CHILDREN AND THEIR FAMILIES AND PROMOTING PUBLIC INTEREST IN AND RECOGNITION OF SUCH NEEDS.

Throughout 2024 we strived to meet these objectives with a weekly timetable of activities for local families. These groups were semi structured, underpinned by EYFS framework and delivered by highly qualified and experienced workers. These groups were complemented by a range of one off activities including events to celebrate Chinese New Year, Easter, Halloween and Christmas, events throughout school holidays and a rolling programme of infant massage courses. Over 800 families registered with us throughout the year. In addition we provided space for a local charity to provide evening and weekend activities, working with children and young adults with significant additional needs.

As our families continued to struggle with the cost of living crisis, twice a week we provided a warm hub space where families could stay before and after groups, and thanks to a grant from Wirral BC, in the latter half of the year we were able to provide warm lunches to eat in the centre or to take home.

Achievements

In addition to continuing to attract excellent attendance at groups, in excess of our monthly target of 80% capacity, we also used some of our unrestricted income to carry out

improvements to our building. This included painting the exterior and new signage, replacement of the ancient gas boiler for a new, much more efficient boiler, improvements to wiring and the installation of water on the first floor. As a result the building is more secure, warmer and meets current safety standards. We also completed the refurbishment of a room designed to encourage early language acquisition thanks to a grant from Awards for All.

Charity registration number: 1197336

THE CORNER HOUSE FAMILY AND COMMUNITY HUB CIO TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 JANUARY 2025

The Corner House Family and Community Hub CIO Contents

	Page
Trustees' Report	1—2
Independent Examiner's Report	3
Statement of Financial Activities	4
Comparative Statement of Financial Activities	5
Statement of Financial Position	6
Statement of Cash Flows	7
Notes to the Statement of Cash Flows	8
Notes to the Financial Statements	9—12

The Corner House Family and Community Hub CIO Trustees' Report For The Year Ended 1 January 2025

The trustees present their report and the financial statements for the year ended 1 January 2025.

Objectives and Activities

Additional Note

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 1 January 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

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by

guarantee, as defined by the Companies Act 2006

Reference and Administrative Details

Trustees

Mrs K Shaughnessy Mrs L McKevitt Mrs J Egan Mr A Smith

Charity Number

1197336

Principal Address

1 Berner Street Birkenhead Wirral Merseyside CH41 4JY

Independent Examiner

Lindsay Woods Lindsay Woods Accountants Ltd FMAAT AATQB

Page 1

The Corner House Family and Community Hub CIO Trustees' Report (continued) For The Year Ended 1 January 2025

The trustees' report was approved by the board of trustees and signed on its behalf by:

Mrs K Shaughnessy Mrs L McKevitt Mrs J Egan Trustee Trustee Trustee

Mr A Smith Trustee 07/10/2025

Page 2

The Corner House Family and Community Hub CIO Independent Examiner's Report to the Trustees of The Corner House Family and Community Hub CIO For The Year Ended 1 January 2025

I report to the trustees on my examination of the accounts of The Corner House Family and Community Hub CIO (the Trust) for the year ended 1 January 2025.

Responsibilities and Basis of Report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“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 carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and contents 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.

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.

Lindsay Woods 07/10/2025

Page 3

The Corner House Family and Community Hub CIO Statement of Financial Activities For The Year Ended 1 January 2025

Unrestricted funds £ 30,435 14,029 14,662	Restricted funds £ - 10,400 -	2025 Total funds £ 30,435 24,429 14,662	2024 Total funds £ 9,931 35,368 5,578
59,126	10,400	69,526	50,877
(58,461)	(9,505)	(67,966)	(39,374)
665	895	1,560	11,503
665 14,430	895 25,755	1,560 40,185	11,503 28,682
15,095	26,650	41,745	40,185

The notes on pages 8 to 12 form part of these financial statements.

Page 4

The Corner House Family and Community Hub CIO Comparative Statement of Financial Activities For The Year Ended 1 January 2025

Unrestricted funds £ 9,931 14,774 5,578	Restricted funds £ - 20,594 -	2024 Total funds £ 9,931 35,368 5,578
30,283	20,594	50,877
(18,584)	(20,790)	(39,374)
11,699	(196)	11,503
11,699 2,731	(196) 25,951	11,503 28,682
14,430	25,755	40,185

The notes on pages 8 to 12 form part of these financial statements.

Page 5

The Corner House Family and Community Hub CIO Statement of Financial Position As At 1 January 2025

Unrestricted funds £ 26,984	Restricted funds £ -	2025 Total funds £ 26,984	2024 Total funds £ 26,984
26,984 6,361 6,749	- - 26,651	26,984 6,361 33,400	26,984 6,610 31,591
13,110 13,111	26,651 26,650	39,761 39,761	38,201 38,201
40,095	26,650	66,745	65,185
(25,000)	-	(25,000)	(25,000)
15,095	26,650	41,745	40,185
		26,650 15,095	25,755 14,430
		41,745	40,185

Mrs K Shaughnessy Trustee 07/10/2025

The notes on pages 8 to 12 form part of these financial statements.

Page 6

The Corner House Family and Community Hub CIO Statement of Cash Flows For The Year Ended 1 January 2025

Notes Cash flows from operating activities Net cash generated from operations 1 Interest paid Net cash generated from operating activities Cash flows from financing activities Proceeds from new bank borrowings Increase in cash and cash equivalents Cash and cash equivalents at beginning of year 2 Cash and cash equivalents at end of year 2	2025 £ 1,880 (71) 1,809 - 1,809 31,591 33,400	2024 £ 4,983 (90)
		4,893
		25,000

		29,893 -
		29,893

Page 7

The Corner House Family and Community Hub CIO Notes to the Statement of Cash Flows For The Year Ended 1 January 2025

1. Reconciliation of income to cash generated from operations

1. Reconciliation of income to cash generated from operations
Net income Adjustments for: Interest expense Movements in working capital: Decrease/(increase) in trade and other debtors Net cash generated from operations	2025 £ 1,560 71 249 1,880	2024 £ 11,503 90 (6,610)
		4,983

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

Cash at bank and in hand 3. Analysis of changes in net funds Cash at bank and in hand Debts falling due after more than one year	As at 2 January 2024 £ 31,591 (25,000)		2025 £ 33,400 Cash flows £ 1,809 -	2024 £ 31,591
				As at 1 January 2025 £ 33,400 (25,000)
	6,591		1,809	8,400

3. Analysis of changes in net funds

Page 8

The Corner House Family and Community Hub CIO Notes to the Financial Statements For The Year Ended 1 January 2025

1. General Information

The Corner House Family and Community Hub CIO is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1197336. The principal address is 1 Berner Street , Birkenhead , Wirral , Merseyside, CH41 4JY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements 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 Charities Act 2011.

The charity is a Public Benefit Entity as defined by FRS 102.

3. Income from Donations and Legacies

3. Income from Donations and Legacies
	2025	2024
	Unrestricted	Unrestricted
	funds	funds
	£	£
Donations and gifts	30,435	9,931

4. Income from Other Trading Activities

Unrestricted funds £ 14,029 -	Restricted funds £ - 10,400	2025 Total funds £ 14,029 10,400
14,029	10,400	24,429
Unrestricted funds £ 14,774 -	Restricted funds £ - 20,594	2024 Total funds £ 14,774 20,594
14,774	20,594	35,368

Page 9

The Corner House Family and Community Hub CIO Notes to the Financial Statements (continued) For The Year Ended 1 January 2025

5. Other Income

5. Other Income
Rental and other income from property 6. Analysis of Expenditure Raising funds Raising funds 7. Support Costs Employee costs Premises expenses General administration Interest payable	2025 2024 Unrestricted funds Unrestricted funds £ £ 14,662 5,578 2025 Activities undertaken directly Support costs (see note 7) Total £ £ £ 9,505 58,461 67,966 2024 Activities undertaken directly Support costs (see note 7) Total £ £ £ 13,578 25,796 39,374 2025 Raising funds £ 33,532 18,615 6,243 71 58,461	2025 Unrestricted funds £ 14,662		2024 Unrestricted funds £ 5,578
					2025 Total £ 67,966
	Activities undertaken directly £ 13,578		Support costs (see note 7) £ 25,796		2024 Total £ 39,374
					2025 Raising funds £ 33,532 18,615 6,243 71
					58,461

Page 10

The Corner House Family and Community Hub CIO Notes to the Financial Statements (continued) For The Year Ended 1 January 2025

Employee costs Premises expenses General administration Interest payable	2024 Raising funds £ 8,911 15,918 877 90
	25,796

8. Average Number of Employees

Average number of employees during the year was: NIL (2024: )

9. Tangible Assets

9. Tangible Assets
Cost As at 2 January 2024 As at 1 January 2025 Net Book Value As at 1 January 2025 As at 2 January 2024 10. Debtors Due within one year Prepayments and accrued income 11. Creditors: Amounts Falling Due After More Than One Year Bank loans	2025 £ 6,361 2025 £ 25,000	Land & Property Freehold £ 26,984
		26,984
		26,984
		26,984
		2024 £ 6,610
		2024 £ 25,000

Page 11

The Corner House Family and Community Hub CIO Notes to the Financial Statements (continued) For The Year Ended 1 January 2025

12. Loans

An analysis of the maturity of loans is given below:

Amounts falling due between one and five years: Bank loans 13. Movement in Funds As at 2 January 2024 £ Unrestricted funds General: General unrestricted fund 14,430 Restricted funds Restricted 25,755 Total funds 40,185 As at 2 January 2023 £ Unrestricted funds General: General unrestricted fund 2,731 Restricted funds Restricted 25,951 Total funds 28,682	Income £ 59,126 10,400	2025 £ 25,000 Expenditure £ (58,461) (9,505)	2024 £ 25,000
			As at 1 January 2025 £ 15,095 26,650
40,185	69,526	(67,966)	41,745
As at 2 January 2023 £ 2,731 25,951	Income £ 30,283 20,594	Expenditure £ (18,584) (20,790)	As at 1 January 2024 £ 14,430 25,755
28,682	50,877	(39,374)	40,185

14. Related Party Disclosures

Page 12

I report to the trustees on my examination of the accounts of The Corner House Family and Community Hub CIO (the Trust) for the year ended 1 January 2025.

Responsibilities and Basis of Report

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

Independent Examiner's Statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and contents 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.

Lindsay Woods Accountants