REGISTERED CHARITY NUMBER: 1197374
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2025
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 2025
| 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 | 10 |
| Detailed Statement of Financial Activities | 11 | to | 12 |
PRESTON COMMUNITY HUB
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 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).
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.
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 K Ishrat
Independent Examiner
SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU
Page 1
PRESTON COMMUNITY HUB
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2025
Approved by order of the board of trustees on 27 January 2026 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 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 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
27 January 2026
Page 3
PRESTON COMMUNITY HUB
Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 69,722 Investment income 2 35,711 Other income - Total 105,433 EXPENDITURE ON Charitable activities Provision of services 119,454 NET INCOME/(EXPENDITURE) (14,021) RECONCILIATION OF FUNDS Total funds brought forward 40,052 TOTAL FUNDS CARRIED FORWARD 26,031 |
Restricted fund £ 57,645 - - 57,645 37,306 20,339 - 20,339 |
2025 Total funds £ 127,367 35,711 - 163,078 156,760 6,318 40,052 46,370 |
2024 Total funds £ 54,794 30,514 500 85,808 95,262 (9,454) 49,506 40,052 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
PRESTON COMMUNITY HUB
Balance Sheet 31 MARCH 2025
| Unrestricted Restricted fund fund Notes £ £ FIXED ASSETS Tangible assets 5 16,637 - CURRENT ASSETS Cash at bank and in hand 10,354 20,339 CREDITORS Amounts falling due within one year 6 (960) - NET CURRENT ASSETS 9,394 20,339 TOTAL ASSETS LESS CURRENT LIABILITIES 26,031 20,339 NET ASSETS 26,031 20,339 FUNDS 7 Unrestricted funds Restricted funds TOTAL FUNDS |
2025 Total funds £ 16,637 30,693 (960) 29,733 46,370 46,370 26,031 20,339 46,370 |
2024 Total funds £ 8,893 33,079 (1,920) 31,159 40,052 40,052 40,052 - 40,052 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 27 January 2026 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 2025
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 2025
2. INVESTMENT INCOME
| Rents received/Hall Hire Deposit account interest |
2025 £ 35,295 416 35,711 |
2024 £ 30,081 433 |
|---|---|---|
| 30,514 |
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 2024. The remuneration, totalling £14,123 (2023 - £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 2025 nor for the year ended 31 March 2024.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 54,794 |
| Investment income | 30,514 |
| Other income | 500 |
| Total | 85,808 |
| EXPENDITURE ON | |
| Charitable activities | |
| Provision of services | 95,262 |
| NET INCOME/(EXPENDITURE) | (9,454) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 49,506 |
| TOTAL FUNDS CARRIED FORWARD | 40,052 |
continued...
Page 7
PRESTON COMMUNITY HUB
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025
5. TANGIBLE FIXED ASSETS
| Fixtures and Motor Office fittings vehicles Equipment Totals £ £ £ £ COST At 1 April 2024 600 3,400 8,103 12,103 Additions - 7,923 2,000 9,923 At 31 March 2025 600 11,323 10,103 22,026 DEPRECIATION At 1 April 2024 396 500 2,314 3,210 Charge for year 77 544 1,558 2,179 At 31 March 2025 473 1,044 3,872 5,389 NET BOOK VALUE At 31 March 2025 127 10,279 6,231 16,637 At 31 March 2024 204 2,900 5,789 8,893 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 £ £ Other creditors 960 1,920 7. MOVEMENT IN FUNDS Net movement At At 1/4/24 in funds 31/3/25 £ £ £ Unrestricted funds General fund 40,052 (14,021) 26,031 Restricted funds General fund restricted - 20,339 20,339 TOTAL FUNDS 40,052 6,318 46,370 |
Totals £ 12,103 9,923 |
Totals £ 12,103 9,923 |
|---|---|---|
| 22,026 | ||
| 3,210 2,179 |
||
| 5,389 | ||
| 16,637 | ||
| 8,893 | ||
| 2024 £ 1,920 |
||
| 46,370 |
continued...
Page 8
PRESTON COMMUNITY HUB
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025
7. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 105,433 Restricted funds General fund restricted 57,645 TOTAL FUNDS 163,078 Comparatives for movement in funds At 1/4/23 £ Unrestricted funds General fund 49,506 TOTAL FUNDS 49,506 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 85,808 TOTAL FUNDS 85,808 |
Resources Movement expended in funds £ £ (119,454) (14,021) (37,306) 20,339 (156,760) 6,318 Net movement At in funds 31/3/24 £ £ (9,454) 40,052 (9,454) 40,052 Resources Movement expended in funds £ £ (95,262) (9,454) (95,262) (9,454) |
|---|---|
continued...
Page 9
PRESTON COMMUNITY HUB
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/4/23 | in funds | 31/3/25 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 49,506 | (23,475) | 26,031 |
| Restricted funds | |||
| General fund restricted | - | 20,339 | 20,339 |
| TOTAL FUNDS | 49,506 | (3,136) | 46,370 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds General fund restricted TOTAL FUNDS |
Incoming resources £ 191,241 57,645 248,886 |
Resources Movement expended in funds £ £ (214,716) (23,475) (37,306) 20,339 (252,022) (3,136) |
Resources Movement expended in funds £ £ (214,716) (23,475) (37,306) 20,339 (252,022) (3,136) |
|---|---|---|---|
| (3,136) |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 10
PRESTON COMMUNITY HUB
Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2025
| 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 Travel & Subsistence Donations paid Professional fees Software Cleaning Fixtures and fittings Motor vehicles Depn of Office Equipment Loss on sale of tangible fixed assets |
2025 £ 2 61,610 65,755 127,367 35,295 416 35,711 - 163,078 7,048 3,601 17,737 1,585 354 166 24,343 150 5,386 60,150 10,400 15,650 2,469 - 368 1,800 2,296 77 544 1,558 - 155,682 |
2024 £ (1) 37,495 17,300 54,794 30,081 433 30,514 500 85,808 3,527 1,854 13,154 1,494 173 445 20,438 1,260 7,190 14,756 8,000 14,124 3,694 1,320 - - - 96 680 1,447 650 94,302 |
|---|---|---|
Support costs
This page does not form part of the statutory financial statements
Page 11
PRESTON COMMUNITY HUB
Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2025
| Support costs Finance Bank charges Governance costs Accountancy and legal fees Total resources expended Net income/(expenditure) |
2025 £ 118 960 156,760 6,318 |
2024 £ - 960 95,262 (9,454) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 12