CHARD COMMUNITY HUB CIC

Company limited by guarantee

Company Registration Number:
14246662 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 20 July 2022

End date: 31 March 2023

CHARD COMMUNITY HUB CIC

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

CHARD COMMUNITY HUB CIC

Balance sheet

As at 31 March 2023

Notes 8 months to 31 March 2023


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 15,609
Investments:   0
Total current assets: 15,609
Prepayments and accrued income: 0
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 15,609
Total assets less current liabilities: 15,609
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: ( 9,440 )
Accruals and deferred income: 0
Total net assets (liabilities): 6,169
Members' funds
Profit and loss account: 6,169
Total members' funds: 6,169

The notes form part of these financial statements

CHARD COMMUNITY HUB CIC

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 21 June 2023
and signed on behalf of the board by:

Name: Jason Hawkes
Status: Director

The notes form part of these financial statements

CHARD COMMUNITY HUB CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CHARD COMMUNITY HUB CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    8 months to 31 March 2023
    Average number of employees during the period 0

CHARD COMMUNITY HUB CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Financial Commitments

Our liabilities are solely based on conditional grant funding, where expenditure (and bank balance for that amount) must be spent according to specific grant conditions

COMMUNITY INTEREST ANNUAL REPORT

CHARD COMMUNITY HUB CIC

Company Number: 14246662 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

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

Consultation with stakeholders

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

Directors' remuneration

No remuneration was received

Transfer of assets

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