SETTLE COMMUNITY & BUSINESS HUB COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
10301271 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

SETTLE COMMUNITY & BUSINESS HUB COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 July 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SETTLE COMMUNITY & BUSINESS HUB COMMUNITY INTEREST COMPANY

Directors' report period ended 31 July 2023

The directors present their report with the financial statements of the company for the period ended 31 July 2023

Principal activities of the company

Settle Community and Business Hub provides a focal point and facilities to foster greater local community activity and bring residents, the local community, and smaller organisations together to improve community links, business networking and the quality of life for residents in Settle and surrounding villages. In this financial year our activities included;Allotment projectCommunity fridgeLiving Room social events at Settle Quakers twice a weekAdvocacy support and help with finances, especially energy and phone bills and social tariffsLow energy 'haybox ' cookery sessionsHosting monthly COBRA meetings for Settle organisationsOur office provides a venue for a range of groups and services including pop up banking with Barclays regular mental health support group craft and educational activities low cost room hire for businesses and community groupsBusiness support, training and liaison with other business organisations



Directors

The directors shown below have held office during the whole of the period from
1 August 2022 to 31 July 2023

Jo Rhodes
Christine Renshaw
Barry White
Jane Cotton


The director shown below has held office during the period of
1 August 2022 to 8 March 2023

Kenneth Cox


Secretary Barry White

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 March 2024

And signed on behalf of the board by:
Name: Jo Rhodes
Status: Director

SETTLE COMMUNITY & BUSINESS HUB COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 July 2023

2023 2022


£

£
Turnover: 54,960 50,092
Gross profit(or loss): 54,960 50,092
Administrative expenses: ( 53,122 ) ( 54,218 )
Operating profit(or loss): 1,838 (4,126)
Profit(or loss) before tax: 1,838 (4,126)
Profit(or loss) for the financial year: 1,838 (4,126)

SETTLE COMMUNITY & BUSINESS HUB COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 324 485
Total fixed assets: 324 485
Current assets
Debtors: 4 4,292 360
Cash at bank and in hand: 14,596 19,688
Total current assets: 18,888 20,048
Creditors: amounts falling due within one year: 5 ( 19,251 ) ( 22,410 )
Net current assets (liabilities): (363) (2,362)
Total assets less current liabilities: (39) ( 1,877)
Provision for liabilities: ( 62 ) ( 92 )
Total net assets (liabilities): (101) (1,969)
Members' funds
Profit and loss account: (101) ( 1,969)
Total members' funds: ( 101) (1,969)

The notes form part of these financial statements

SETTLE COMMUNITY & BUSINESS HUB COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 July 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.

This report was approved by the board of directors on 29 March 2024
and signed on behalf of the board by:

Name: Jo Rhodes
Status: Director

The notes form part of these financial statements

SETTLE COMMUNITY & BUSINESS HUB COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimateduseful life.Fixtures and fittings - 20% on reducing balanceComputer equipment - 33% on cost

    Other accounting policies

    TaxationTaxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.Current or deferred taxation assets and liabilities are not discounted.Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.Pension costs and other post-retirement benefitsThe company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SETTLE COMMUNITY & BUSINESS HUB COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 6 6

SETTLE COMMUNITY & BUSINESS HUB COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2022 324 1,199 679 2,202
Additions
Disposals
Revaluations
Transfers
At 31 July 2023 324 1,199 679 2,202
Depreciation
At 1 August 2022 243 795 679 1,717
Charge for year 81 80 0 161
On disposals
Other adjustments
At 31 July 2023 324 875 679 1,878
Net book value
At 31 July 2023 0 324 0 324
At 31 July 2022 81 404 0 485

SETTLE COMMUNITY & BUSINESS HUB COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Debtors

2023 2022
£ £
Trade debtors 2,813 0
Prepayments and accrued income 1,419 360
Other debtors 60 0
Total 4,292 360
Debtors due after more than one year: 0 0

SETTLE COMMUNITY & BUSINESS HUB COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 81
Accruals and deferred income 630 600
Other creditors 18,540 21,810
Total 19,251 22,410

Other creditors amount here is deferred revenue grants

COMMUNITY INTEREST ANNUAL REPORT

SETTLE COMMUNITY & BUSINESS HUB COMMUNITY INTEREST COMPANY

Company Number: 10301271 (England and Wales)

Year Ending: 31 July 2023

Company activities and impact

Settle Community and Business Hub provides a focal point and facilities to foster greater local community activity and bring residents, the local community, and smaller organisations together to improve community links, business networking and the quality of life for residents in Settle and surrounding villages. In this financial year our activities included; Allotment project Community fridge Public Living Room social events at Settle Quakers twice a week Advocacy support and help with finances, especially energy and phone bills and social tariffs Low energy 'haybox ' cookery sessions Hosting monthly COBRA meetings for Settle organisations Our office provides a venue for a range of groups and services including pop up banking with Barclays regular mental health support group craft and educational activities low cost room hire for businesses and community groups Business support, training and liaison with other business organisations

Consultation with stakeholders

Our stakeholders are local residents, businesses, community groups and charities but we also work closely with other organisations further afield to help them engage with our local community. Feedback forms and direct suggestions from visitors at our live and online events inform our plans and we try and respond to requests for workshops, activities and training.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £7,755.There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
29 March 2024

And signed on behalf of the board by:
Name: Jo Rhodes
Status: Director