REGIS'ILRED CHARtn' h"UMBER: 1197374 Rermjrt oftbt Trustres I1￿￿dIted Finanti*l Stst•hMts fortht V'é*r Fhdtdjl March 21124 for PRL5-roN C'OMMIINITI" HI, Skm Chartered Atr(wnthnts 5 l¥incklei Mouni Street Prc#on la￿C￿h1Te PR18BU PIthSTO.I COM.MUI%ITI' HUB Conlthts of the FiD%n¢YaJ 51#iemrnts FOR THE I'EAR ENDEDJI %IARCH 2024 Report of the Trwttts I to 2 IRdryettdffjt Ex¥m￿er,¥ Re￿rt St*lerneot of Fi**n¢ial Aetivilies B*l•nee Sl Notes th the f&Mtiti•l Stst•nents 6 to 10 Drf•ded of Fiwamy*l Aclivitits 11 to 12 PRLsfoh CUMML'Pain' HL.B Re￿rt tsfiht Tr￿le¢S FOR THE )'EAR E%DEDJI MARC.H 2Q24 The trLt#¢¢5 prew)t their rewt wtth th¢ fin￿1￿ of the ¢14rity for th¢ ye4r ended I l Mareh 20?4. The $ttts have adoF4ed the provisioDs of A¢¢ouniing and Rerthting by Chariiies.. SW¢M￿l of Recofftmended Pr￿tIce applicable ￿ charities pYtpHrin8 their in ¥%ith the Fin￿1￿1 Rep)rting typlKxble in th¢ UK and Republtc of Ireland ITrRS 10?) leffeaiw¢ l JanLW)'_W191. OPJEcfii'ES A￿D AcfiN'ITIES Oblttiives And #ims As our first year under the new CIO W. we have ¢UKinucd w provide the seTVi¢¢5 fw the Community Fridge. and we have over 350 regis*¥d wrs with ovtt l(K) serviLY Us￿5 us¢d the ser¥Kts weekly. As wr knk kn review ow Scr¥1￿ *MI the ¢urrtM pb¥)m d*llen8es with moderni5in8 the racilities bein8 2 Fiority. Our aim Mn81￿ ty upd*r our¢urrent l•nk ato UFrfl* ow kith servw and wirin8 the rLK)f. Our Iong.leTh objeaive WEm4itts th¢ same. 10 pn)vid¢5ervitts ￿ cwl(vl L￿mmUn￿ and the residents. TheCh￿Ie￿$¢s FQSI Covid with cos¢ of livity8 aNI hiBh a*rgy c4)rrtinw w tlke its ￿11 ￿ thecommunity we serve. S*nilkMnt A¢livities . FIxKlbank. scr¥ing tlw that fxt &p?wali( - WorfKin¥ with pn)vide Heahh & W¢llbein¥ S¢r¥itts . FIn￿￿wellTrg to 8OOn CQW5es that will hep Ihtm dtyekw Ind 85PME them to bdteroppMthnitie& STRIICTI IRV.. CA)1'ERliA￿(E AND %IAliAf.EMEN'T Guvemlfil lThe ¢lxn"ty is torrtroll¢d by its ts¥)vernin8 * sknd of tru￿ (L¥￿FI￿te$ an unincoryKK*d chwity. RÈF'LRE*I C.'F.' A.IDADMI.yisfRA"fivE DL'I"AIL Regl%tertd C'harity numbtr 1197.774 PrI￿rIpAl Iddmi ￿rn￿l Strt Pr¢slon l.aocashire PRI 4YE Trustees MT Ali AAAII S M Zubair M Amla laptK>inted 114Q3 K Ishrat lapwinted 11*23 Independent Eumlner SK,V Chartered A¢Lxiunw Pe￿￿5 House 5 Wimrkley C￿rt Mount Sbyet pre￿On Lancashir¢ PR I8BLi PRESTO￿ c￿MM￿￿1T). HUB Re&￿rt OfthtTr￿1¢e& FOR THE I'EAR £h'DED 31 hlARCH 2024 l1ik..Ff { ?olA Approved by orderof the trKANloftrus*esiN)..... .. . ........ ...._ - signed on its ￿half by.. MT Ali-Ttys INdeptBde*t EumiDtrfs Repjrt lo the of Prtstso C".ornmunit)' Hub Independent t￿￿1￿¢￿5 ¥t￿rt ¢0 the tThslees of Preston Commwbitv H￿b l TV)rt to the charity In￿tt5 on my examination of the &LwnL% of C(¥nmunity Hub (the Trvstl for th year endtd 31 March_￿24. Rel￿nsibIlItI￿ #NI buis ofreport As the ¢lwity trustees of the Tnw Yt￿ we y¢sw￿lb1e for th¢ of the wxounts in %cord￿ with ¢he requitcments of thc Chan"ti¢s Act Jll I Ilhe Act'l. J y)rt in resr¢¢t of My ex*miwI￿ of the Tru5t¥ cArt Secti(m 14$ of the Act •Dd in canying QUI m) examinati￿ I hve foljowed all 4ylicable Dirt¢rwMs 8iven by the Charity Commissioth uThkr Seaion 14515Mbi of the Ath. l kn%'e (￿11￿1e1td lh> examitwion. l ¢onfTh th* hay¢ my a￿￿tIOn in ¢￿￿¢1#￿)n with the eX*nin￿lOn giving me csust ky believe th* in thy rnatell￿ rryea: c(wnitng rec￿￿¥ were kept in r¢sM of th¢ TnN as rwuir*l iry Sen in C￿er ￿enAble a prvrrtrutt&rskndin8of th¢ to be r¢*hcd. Shamirn MalMMn¢d The Ins(ilute of C.Iwered in En8land ￿ Waks .gKM Chart¢red Accountants PegasL15 Hou 5 Il'inckley Cwrt Mouni Stre Pre51on Laft¢&%hi PRI 8BII P4e3 PRTrSfON COMMtililTI' HUB Stsiemen¢ of Fin*ttfial Arti%•iits FOR THE 1'KARE￿DED3I MARCH2 20?4 2023 Totaj ds INCOME AND ErytM)W.MEM5 FROM Donationsarmt lewies 54,794 107.017 Invcstmert lljc 30.514 5¢N) 30,655 Tol*l 85.808 138.172 EXPENDITI'.RE ON Charit*bk artivities ProvÈsion of services 95262 8&666 NET INCOMEI(EXPEP¥Dtri:,RE) {9.454) 49.51 RECOYCILIATION OF FUNILS Total fijkds FADughi fon¥ard 49.X TOTAL Fu￿Ds CARRIED FORWARD 40.052 49506 The ￿XeS f(Yrn ofth¥t fin•Kial swtsn¢ PRFsrO￿ co.MMLII'ITI' HL'B 31 ,%IARCH 2024 2024 2023 Tot8[ fimds UntY*ri¢tsJ fimd FIXED ASSETS T￿8]ble assets 8.893 5.148 CURRENT A&SETS Cash M bank Ind in hffjd 33,079 45.318 C'RLDI'I'UIIS AnM)w)ts f&llin8 within (X￿ye# {1.9201 19601 NET CIIRRENT A&SETS 31.159 44J58 TOTAI. A%SETS LFSSCIIRRFNT LIABILITI£S 40.052 49.51kS NET ASSETS 40,05? FiINDS Unresiritxed funds 40.052 49.506 TOTAL FIINDS 40.051 49.5(K> The finan¢?al stAth¢nts ty the 8oArd of Tn￿lS 8nd wtknrised for iswje and kn sis￿d ￿ its behalf by: M T Ali- Trustee . Zub4"r. S M Zubair. TNs*e PRESTON CDMMLINITI, HLIB ¢5 lo tht Finallcial St*itments FOR THE I'EAR ENDED3J ,IIARCH 21124 ACCOUNTING POLICIES Basts of prtparingthe fthancill st*tements "nje financial st*ments ofthe eh&ip4. y'hidj is a wblic bEnefit eth¢ty under FRS 101 have iyen rryared in )rda￿¢ wtth tl* Chariit¢5 SORP IFRS IO'I '.4awting and RetK)rring by Chariiies.. Statemerti of Recommethted Pwti¢¢ ap￿1￿ble to chariiies prrywtn8 their *£ounts in ￿rdance wÈth the Firkanti Rewrting Siatthd appli(Jbk UK and Republic of IFRS 10?) letyectiir l j￿￿ary ?019I', Financt81 Rep￿ittg Stsndard 102 Tr Flrotsci￿ Rep)rting s￿￿19[d applI￿le in the LTK and Republic of I[eL￿d, and th¢ Charitits Aa 2011. The fina￿la1 beffi under th¢ Itist￿]￿ ¢bligation can be reliabl). EX￿￿lIu[e is *coun*d for on an atm￿5 basi5 and has iyen classified under headings that aggrewe all c05t reknj ￿ the (a*gory. ll'he￿ L%>sts eannot b¢ direcdy allri￿ted to FthtLiÈlar Win&* the). been atkx*d ￿ &tivities on 2 b&sis C￿￿15¢t￿t Wtth the vse of T*Jgible fixed *55rtJ Depreci￿]0￿ ts at tl* folk>wing alm￿ r*s in order to WTire off eath assth over its estimthl us¢thl Motor Vehicles- 2(*/D Reducin¥ bal Ftxi¥res& Fittin8s- Red￿ing balam Office E4uipmthi- Reducing balance T*salion The charity 15 exanpt fr4)m rax its charithl¢ ￿]vItIes. Fund *ctountia% Unr¢StriCt￿ ¢an be ￿ed in acctrdwe with ¢hm"thbJeil>i￿tl4'¢5 * ihE di￿retK¥￿ of thetru5te¢s. Restrithed funds can onl* be t￿¢￿ for w￿ular restridth pur￿ within th¢ objeds of th¢ eharity. R¢strictions afise when wified by the donoror when fiumls are fdi5d r(YPn￿￿hr￿tr1cta pllry￿. Furth¢rexplanatKSn of the twU￿t and PWPk)s¢ ofe*h fithd is th¢ rw to the financial Ststsnents. ci)ntinued... PRFsfoh COMMUNITI, HL,. FOR THE I'EAR E%DED31 MARCH 2024 JNVEsfMENT IYCO.ME 2024 2￿23 Rents receivedTrlall Hir¢ 30.081 433 30.535 30.514 30.655 TRi1￿.E£S, REMUNERATION AliD BLNEfr715 In fK[xird￿Y with ¢lwity ￿8￿18￿ it is (r￿f¥Th￿d PAknm>l Tahir Ali. & Iruslcc of Pre￿on Community Hub. ha5 r￿tiVed remunerati(m for seryice5 Provb￿ ￿ the charity durin8 the fÈnanciaJ year ?0•4. The reMUnernti￿. I￿￿lIng £14,1•J I•OJ* . £7.￿￿ wnsuItyKy 5eryicc4 arwj the *rms of the arrangem¢rf were rypro%'￿ by the of thLStCe5 in with the ch&tity's wlicies on ¢nIs￿e There were rw) ¢1￿mS paid yarerbtsl JI Marth 2024 nor for tht year ended 31 Mw¢h 2023. cOMPARATI￿.L5 FOR TIIE STATEMEwf OF FINANC'IAL AcfiviTIES Unrcslric*d INCDME AND ENLX)WMENIS FROM tk)n&ions and kwi¢5 107.017 Inv¢¥imeni inLxThe 30.655 5(K) Tothi 138.172 EXPENDITiIRE ON C'h*rft•blt x¢tlvities Provision of s¢rvice5 88.666 NET INCOME 49.506 TOTAL FUNDS CARRIED FORWARD 49,506 o)¢ltinU￿l... PREsfoi4 COMMLI￿"￿l, HUB Notts lo thE Fin*ntiil &attments- toDtinucd FOR THE YEAR ENDED31 ￿lARCH 2024 TANGIBLE FI.KED ASSETS Fixtwes ritttngs vehicles E4Lttpnent Totsts c( Ai l Awil J)23 Additions Di4Wts 4J35 3.768 6,435 7,168 11.500} At 31 March 2￿4 &103 12.103 DEPRECIATION Ai l April ?0?3 Charge for year Eliminated on dis 1,287 1.447 131)01 13001 Ai 31 .March 2024 396 500 1314 3.210 ET BOOK %'ALVE At.3 l .M2rch ?024 204 5.789 8.893 At.11 March iJso 5.148 CREDITORS: AMOUNTS FALLING DUE WITHlh ONE I'EAR 2024 2023 Other cr￿11￿15 MOVEMEYf IN FUNDS K>vemeni At 31n124 At 114r23 Utsre5tri¢led Gene￿ tu#d 495¢ {9.4541 40.052 TOTAL FU.YDS 49.X (9,454) 40,052 Nct movemetrt In inclLMkd in the atx*ve are &5 folknls: Irthmin8 Movement ITr fvnds cxperthd iinres¢ricted funds Getieral fiEnd 15J08 95262> 9.4541 TOTAL FUNDS 85.808 95.26? {9.4$4} PRESTOh" CDM.ML'WITI' HUB "otrs lo the Fin*ntiil StstemtTrts- eontirtued FOR THE trEAR E,YDED31 MARCH 2024 MOI'EMEYf IN FiINDS-eoolini CompRAtivt5 forthoven￿￿t Nct nK)vern¢ni 3113ll3 Llnrestri¢¢ed fu General lurtd 49J06 49.506 TOTAL FU.YDS 49J06 49.506 COmpar￿1¥t w ll￿VeMent in in th aknve S￿ a5 folknth. I￿￿mIng Rwurces Movement eXpe[￿d in funds uoresti7¢t￿ cJen￿ fuThl 138.172 {88.6661 49. TOTAL FLINDS 188.6661 49.506 A tirreftt ycar 12 month5 aTrJ Fvkyyear 12 (y)mbiwJ is 85 folb)ws: Net .4t 311)124 At 114r22 in furN Unre51ricted fu Ge4)¢￿ fuod 40.052 40.(￿2 TOT.4L FUYDS 40,052 A ¢urrerrt year 12 m(8llts and yrar 12 m(MmI￿ cunbsned Jwcment in fiEnd% included th¢ al￿ve ¥e as loll I￿N￿l￿g Reg)urc¢s Movement in fv￿J5 uRre￿ided Generaj fund 223.980 (183.9281 40,052 TOTAL FVYDS 1183.928 40,052 (X)Minued... PRES7Oh COM.ML'Nm' HL'B FOR THE I"EAR EP*"DED31 MARCH 21124 REL4TED PARTY DISCiDSLRES Page 10 PRFsfoi% COMMUNITI, HIIB Det*ikd Ststrment dFIn*￿ill Activities FOR THE YEAR ENDED31 MARCH 2024 2024 2023 IP4'COME AND ENtK)Il'MEYrs Don*tions •ffjd Iw¢• Gifts 37.495 17.-I(Ml 49.240 57.778 54,794 107.017 Rents rec¢ive4bHall Hir¢ Dwii ¥¢ouni in*r 30,081 433 30.533 30.514 30.655 Other income Receipts s( Totsl ineomlllg r￿urCes 85.808 138.1 r2 EXPENDITURE Ch•rit*blt 1rt5vltle Rates and water lJisurnnLY Li8hi ark4 he Telephone Post￿e *Jd 5ts1ionery Sundri¢s EVen￿ActIVItIeS Adverti¥in¥ Motor EX￿nY Rep￿r$ & Renew811 Reni Consultsn¢y Trainin Tr#vel & S￿￿￿1￿cl￿e Donations paid Fixtur¢5 and fittings Motor vehiil¢s tkpTr of oifice EqUip￿ent IA)55 on sale of trngibl¢ fixa asycts 3.527 1.854 13.1£4 1,494 17.1 445 20.4J8 I,? 7,191 1.268 1.776 10,425 12 25,-34) 615 5,657 16.641 8,700 14.124 .175 3272 3.694 i?0 1.447 650 94J02 87,706 SuptA>rt thsts Go￿tr￿N￿e costs A￿Oun* and ftes This py DL* ronofthe Sts¢um fim*iaf 5tstahcnts Pdgeil PRIts-fON CDMML,NITY HL,B Dd*Aled St#t¢meDt of FinxNiaJ Artiviiies FOR THE I'EAR Eh'DED 31 IMARCH 2•24 2024 2023 95,?6? 88.666 Net{eArthjitUr¢Y￿cwt 19.4541 49,506 Page 12