for the Period Ended 31 March 2023
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
As at
Notes | 8 months to 31 March 2023 | ||
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| £ | ||
Fixed assets | |||
Intangible assets: | | ||
Tangible assets: | | ||
Investments: | | ||
Total fixed assets: | | ||
Current assets | |||
Stocks: | | ||
Debtors: | | ||
Cash at bank and in hand: | | ||
Investments: | | ||
Total current assets: | | ||
Prepayments and accrued income: | | ||
Creditors: amounts falling due within one year: | | ||
Net current assets (liabilities): | | ||
Total assets less current liabilities: | | ||
Creditors: amounts falling due after more than one year: | | ||
Provision for liabilities: | ( | ||
Accruals and deferred income: | | ||
Total net assets (liabilities): | | ||
Members' funds | |||
Profit and loss account: | | ||
Total members' funds: | |
The notes form part of these financial statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2023
Basis of measurement and preparation
for the Period Ended 31 March 2023
8 months to 31 March 2023 | ||
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Average number of employees during the period | |
for the Period Ended 31 March 2023
The Chard Community Hub was largely conceived in 2021. It opened its doors for the first time on the High St in May 2022 and became a Community Interest Company in June the same year. After years of public sector austerity, the Covid Pandemic and energy price increases alongside other negative impacts upon the UK economy it became clear that some people were suffering unacceptably in Chard. Homelessness is on the increase, more people using the Lords Larder and many other forms of hardship and the public sector was struggling more and more to keep pace with it. As a result, the idea of the Hub came about as a way of trying to assist those in need using lessons learned from the Communities brilliant response to the Covid Pandemic through the work of the Covid Community Support group and the volunteers that made it work so effectively.The Hub is open for limited hours on most days and provides a drop-in service for advice and signposting; arts and craft groups; sewing and repair clubs; a community fridge and food pantry; specialist drop-in clinics (Police, Motor Neurone Disease, Abri Housing Association, NHS services etc).We provide a school uniform exchange service, sell donated items very cheaply and run several events every year at times like Christmas, Halloween or during town fairs and carnivals.Our income comes mainly from grants for specific purposes, public donations, events and small sales. We are completely voluntary and no-one receives any remuneration. All capital is either invested in meeting grant requirements or to manage our overheads (rent, bills equipment etc)In that first year, we had over 600 visits to our Community Fridge, 49 visits to the Food Pantry, carried out 82 sewing repairs and 52 item repairs. We gave advice or referral information to 846 visitors, held 69 arts and crafts sessions, hosted 650 visitors at events and had 14 drop-ins at Police sessions
The Chard Community Hub's main stakeholders are the service users and our volunteers. Service users are asked their views in a variety of ways e.g repair form comments, verbal feedback at service use point and Information from Community Plan survey carried out in 2023. This feedback is largely very positive with requests for more specific services for early years and the elderly and extending our opening hours. In order to meet the increase in demand we have moved to larger premises. We are planning wider provision, specifically for early years, in partnership with the local secondary school and conducting a volunteer recruitment drive.Regarding consulting our volunteers, we send out a news bulletin once a month and always request feedback. We hold a quarterly meeting for all volunteers to input their ideas into future plans. The last one was held 20.11.23. Issues raised very much focussed on image and communication and these were the directors key responses.Things done:i) New signage for the new premises has been commissioned.ii) The directors agreed to concentrate on getting existing groups and opening hours consistent and working well before we expand too much.iii) advertise for some additional help in the following areas: Caretaking, Social Media, Admin, Communication, Cleaning, Events, Building maintenancePlanned:i) Appoint a communications Director and a volunteer co-ordinator ii) Adult learning – especially Literacy and Numeracy – plans to deliver this are underway.iii) Early years provision will be a priority. iv) New premises Launch event v) Hub operational review due in March
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
22 January 2024
And signed on behalf of the board by:
Name: Rosalind Hall
Status: Director