Annual Report and Accounts – Birch Park Community Hub
Financial Year 1[st] January 2024 to 31[st] December 2024
Trustees
Nerpal Singh (Chair) 21[st] November 2022 Arshad Mahmood (Trustee) 3[rd] October 2023 Tony Farbrother (Trustee) 23[rd] September 2023
Contact Informaton
Address: 83 Birchover Road Nottingham NG8 4BW Phone: 07736589821
Email: info@birchparkch.org Website: www.birchparkch.org
Bankers
Lloyds Bank PLC 233-235 Main Street
Bulwell
Nottingham NG6 8EZ
Annual Report
The trustees of Birch Park Community Hub are pleased to present our first full year of accounts as previously we were operating as an independent charity, but we didn’t have a bank account until much later in 2023. We were therefore operating through Nottingham City Council supporting us via accepting to take payments and pay expenses until our bank account was opened. Once we became fully operational the city council transferred the balance of our account, which amounted to just over £6600 during this financial year.
Whilst we have developed a lot during this financial year, we are still grateful to receive support from Nottingham City Council who have paid our utilities and also not charged us rent during this year. We anticipate that this support will come to an end and we need to be prepared to absorb such additional running costs, which we need to be mindful of going forward.
The trustees are pleased that we are able to support a range of activities which includes public meetings with Nottinghamshire Police to talk with residents about community safety, regular bookings from voluntary sector organisations who provide a range of activities including Holiday Activity Fund provision using the centre and park to keep children engaged and fed during school holidays through to parties and celebrations for the local community. We are consistently talking to local residents to understand what they want from the centre and are dedicated to provide what the local community need.
Public Beneft
Our constitution states that we were founded “to further the benefit of the residents of Birchover park and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious, or other opinions by associating together the said residents, the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation”. We believe that all of our activities contribute to the public benefit to all residents who live in the area around our centre and park.
Income and Expenditure Accounts
| Income | |
|---|---|
| Type | Amount |
| Donations | £300.10 |
| Grants | £8,811.34 |
| Room Hire | £9,925.00 |
| £19,036.44 | |
| Expenditure | |
| Broadband/Phone | £563.28 |
| Capital Items/Computers | £1,804.00 |
| Food/Refreshments | £2,300.82 |
| Governance | £35.00 |
| Insurance | £471.65 |
| Maintenance | £2,366.30 |
| Marketing | £162.99 |
| Professional Fees | £125.00 |
| Building Security | £1,932.00 |
| Sessional Workers | £4,266.37 |
| Stationary | £207.47 |
| Sundry Expenses | £339.69 |
| TV license | £211.92 |
| Waste | £235.44 |
| Website Hosting | £125.00 |
| Refund from room hire | £50.00 |
| £15,196.93 |
Reserves
The trustees report that we received an income of £3,839.51 above our expenditure, which is therefore held in reserves and meets the good practice target of at least 3 months running costs. Whilst this is putting us in a good position, due to paying additional costs around utilities and rent going forward this may be challenging to maintain unless we also secure further grant or rental income going forward to finance these additional responsibilities.