**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: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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