REGISTERED CHARITY NUMBER: 1197374
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2023
for
PRESTON COMMUNITY HUB
SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU
PRESTON COMMUNITY HUB
Contents of the Financial Statements FOR THE YEAR ENDED 31 MARCH 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 8 |
| Detailed Statement of Financial Activities | 9 |
PRESTON COMMUNITY HUB
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
As our first year under the new CIO Model, we have continued to provide the services for the Community Fridge, and we have over 350 registered users with over 100 service users that used the services weekly.
As we look to review our current services and try to update the current property challenges with modernising the facilities being a priority.
Our aim remains to update our current Food bank area, update our kitchen services and repairing the roof.
Our long-term objective remains the same, to provide services to our local community and the residents.
The challenges post Covid with cost of living and high energy prices continue to take its toll on the community we serve.
Significant activities
-
Foodbank - serving those that face food deprivation
-
Working with partners to provide Health & Wellbeing Services
-
Empowering People to go on courses that will hep them develop and aspire them to better opportunities.
FUTURE PLANS
In 2023-2024 we are looking to hold -
-
Job Fair - Every 6 months
-
Health & Wellbeing Events - Every 6 months
-
Further courses that allow our community to upskill the current skill set
-
Digitalisation - Improving Skills
-
Youth Services
-
Home Working Club
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1197374
Principal address
Samuel Street Preston Lancashire PR1 4YE
Trustees
M T Ali A A Ali S M Zubair M Amla (appointed 1/4/23) K Ishrat (appointed 1/4/23)
Page 1
PRESTON COMMUNITY HUB
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner
SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU
Approved by order of the board of trustees on 5 February 2025 and signed on its behalf by:
M T Ali - Trustee
Page 2
Independent Examiner's Report to the Trustees of
Preston Community Hub
Independent examiner's report to the trustees of Preston Community Hub
I report to the charity trustees on my examination of the accounts of Preston Community Hub (the Trust) for the year ended 31 March 2023.
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 Act and in carrying out my examination I have followed all 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 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.
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.
Shamim Mahomed The Institute of Chartered Accountants in England and Wales
SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU
5 February 2025
Page 3
PRESTON COMMUNITY HUB
Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2023
| Unrestricted | ||
|---|---|---|
| fund | ||
| Notes | £ | |
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 107,017 | |
| Investment income | 2 | 30,655 |
| Other income | 500 | |
| Total | 138,172 | |
| EXPENDITURE ON | ||
| Charitable activities | ||
| Provision of services | 88,666 | |
| NET INCOME | 49,506 | |
| TOTAL FUNDS CARRIED FORWARD | 49,506 |
The notes form part of these financial statements
Page 4
PRESTON COMMUNITY HUB
Balance Sheet 31 MARCH 2023
| Unrestricted | ||
|---|---|---|
| fund | ||
| Notes | £ | |
| FIXED ASSETS | ||
| Tangible assets | 4 | 5,148 |
| CURRENT ASSETS | ||
| Cash at bank and in hand | 45,318 | |
| CREDITORS | ||
| Amounts falling due within one year | 5 | (960) |
| NET CURRENT ASSETS | 44,358 | |
| TOTAL ASSETS LESS CURRENT | ||
| LIABILITIES | 49,506 | |
| NET ASSETS | 49,506 | |
| FUNDS | 6 | |
| Unrestricted funds | 49,506 | |
| TOTAL FUNDS | 49,506 |
The financial statements were approved by the Board of Trustees and authorised for issue on 5 February 2025 and were signed on its behalf by:
M T Ali - Trustee
S M Zubair - Trustee
The notes form part of these financial statements
Page 5
PRESTON COMMUNITY HUB
Notes to the Financial Statements FOR THE YEAR ENDED 31 MARCH 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. 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.
Motor Vehicles - 20% Reducing balance Fixtures & Fittings - 20% Reducing balance Office Equipment - 20% Reducing balance
Taxation
The charity is exempt from 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.
Page 6
continued...
PRESTON COMMUNITY HUB
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2023
2. INVESTMENT INCOME
| Rents received/Hall Hire Deposit account interest |
£ 30,535 120 |
|---|---|
| 30,655 |
3. TRUSTEES' REMUNERATION AND BENEFITS
In accordance with charity regulations, it is confirmed that Mohammed Tahir Ali, a trustee of Preston Community Hub, has received remuneration for consultancy services provided to the charity during the financial year 2023. The remuneration, totalling £7,900, was paid for consultancy services, and the terms of the arrangement were approved by the board of trustees in accordance with the charity’s policies on trustee remuneration.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023.
4. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Fixtures | ||||
| and | Motor | Office | ||
| fittings | vehicles | Equipment | Totals | |
| £ | £ | £ | £ | |
| COST | ||||
| Additions | 600 | 1,500 | 4,335 | 6,435 |
| DEPRECIATION | ||||
| Charge for year | 300 | 120 | 867 | 1,287 |
| NET BOOK VALUE | ||||
| At 31 March 2023 | 300 | 1,380 | 3,468 | 5,148 |
| CREDITORS: AMOUNTS FALLING DUE WITHIN | ONE | YEAR | ||
| £ | ||||
| Other creditors | 960 |
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
6. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||
|---|---|---|
| Net | ||
| movement | At | |
| in funds | 31/3/23 | |
| £ | £ | |
| Unrestricted funds | ||
| General fund | 49,506 | 49,506 |
| TOTAL FUNDS | 49,506 | 49,506 |
continued...
Page 7
PRESTON COMMUNITY HUB
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2023
6. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 138,172 138,172 |
Resources Movement expended in funds £ £ (88,666) 49,506 (88,666) 49,506 |
|---|---|---|
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
Page 8
PRESTON COMMUNITY HUB
Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2023
| INCOME AND ENDOWMENTS Donations and legacies Gifts Donations Grants Investment income Rents received/Hall Hire Deposit account interest Other income Sundry Receipts Total incoming resources EXPENDITURE Charitable activities Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Events/Activities Advertising Motor Expenses Repairs & Renewals Rent Consultancy Training Travel & Subsistence Donations paid Fixtures and fittings Motor vehicles Depn of Office Equipment Support costs Governance costs Accountancy and legal fees Total resources expended Net income |
£ (1) 49,240 57,778 107,017 30,535 120 30,655 500 138,172 1,268 1,776 10,425 902 1,299 199 25,390 615 5,657 16,641 8,700 7,900 375 3,272 2,000 300 120 867 87,706 960 88,666 49,506 |
|---|---|
This page does not form part of the statutory financial statements
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