REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements |
For The Year Ended |
31st December 2023 |
for |
Save Hemsby Coastline |
(A Company Limited by Guarantee) |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements |
For The Year Ended |
31st December 2023 |
for |
Save Hemsby Coastline |
(A Company Limited by Guarantee) |
Save Hemsby Coastline |
Contents of the Financial Statements |
For The Year Ended 31st December 2023 |
Page |
Report of the Trustees | 1 | to | 3 |
Statement of Financial Activities | 4 |
Balance Sheet | 5 |
Notes to the Financial Statements | 6 | to | 9 |
Save Hemsby Coastline (Registered number: 09359377) |
Report of the Trustees |
For The Year Ended 31st December 2023 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st December 2023. 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 |
The objectives of the charitable company are for the benefit of the community, the preservation of human life and property and for the protection of the environment, to provide, preserve, maintain and/or improve sea defences and flood protection measures in the area of Hemsby, Great Yarmouth, Norfolk. |
Significant activities |
During the year no sea defence work was carried out by the charity which continued it's fundraising efforts so as to be ready to act when needed. |
Public benefit |
In all its activities and decision making by the trustees of the charitable company, they have taken into consideration the Charity Commissions guidance in respect of Public Benefit. |
Volunteers |
There are a considerable number of people who give up their time to assist Save Hemsby Coastline and enables the charity to fund raise in order to enable the charity to fund further costal defence work. |
FINANCIAL REVIEW |
Financial position |
At 31 December 2023 Save Hemsby Coastline had unrestricted funds of £36,432 (2022 £31,279). |
Going concern and Covid-19 |
Our charity fundraising was been hit hard by Covid, as we had been unable to sell merchandise nor to place collection pots in key locations around the village.This severely impacted our income for 2021 and 2022. In 2023 we have been able to be more active with regards fundraising but have not been able to return to pre covid levels. |
We have maintained and enhanced connections and communication with key stakeholders via the use of remote working technologies such as Zoom. |
Progress towards our objective is slow and steady but importantly still happening. |
When and if normality returns we will need to work on rebuilding our local fundraising capabilities, and while we hope for large donations in the meantime as we have low outgoing and no paid employees we are lucky to be in a financial position to continue our work. |
Taking the above actions into consideration, the Trustees believe that Save Hemsby Coastline is still a going concern and the financial statements have been prepared accordingly. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
Charity constitution |
The charities constitution is as per the Memorandum and Articles of Association dated 17 December 2014 as amended by Special Resolution registered at Companies House on 29 March 2018. |
Recruitment and appointment of new trustees |
The charitable company is always looking for people who have the time and skill set to assist it in reaching it's objectives. When suitable people are identified they are invited to a meeting of the trustees where the history and future plans are discussed. It enables the trustees to get to know potential new trustees. After this meeting the trustees would hold a vote (in camera) to decide whether they are appointed as new trustees. |
Save Hemsby Coastline (Registered number: 09359377) |
Report of the Trustees |
For The Year Ended 31st December 2023 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Organisational structure |
There must be a minimum of two directors with no maximum number. The directors are also the trustees of the charitable company. Those appointed must be a natural person aged 16 years or over and may not appoint an alternative director or anyone to act on their behalf at meetings of the directors. |
The directors shall manage the business of the charity and may exercise all the powers of the charity unless they are subject to any restrictions imposed by the Companies Acts, the articles or any special resolution. |
Wider network |
The charitable company has meetings with Great Yarmouth Borough Council and the Eastern Coastal Management Group to participate in the wider debate about coastal defences on the East Coast. |
Risk management |
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
The above Trustees were also registered as directors of the company at Companies House. |
The following are Trustees registered with the Charity Commission, but are not directors of the company;- |
Lorna Bevan Thompson | Appointed 01.06.2023 |
Lesley Terriss | Appointed 01.06.2023 |
Christine Barnes | Appointed 14.06.2023 |
Jacqueline Brennan | Appointed 14.06.2023 |
Simon Measures | Appointed 14.06.2023 |
Kevin Jordan | Appointed 20.11.2023 |
COMMENCEMENT OF ACTIVITIES |
The company was registered as a charity on 5 April 2018 and took over the activities of any previous fundraising undertaken under the Save Hemsby Coastline name. All funds held at 5 April 2018 by previous entities were transferred to the charity on that day. |
Save Hemsby Coastline (Registered number: 09359377) |
Report of the Trustees |
For The Year Ended 31st December 2023 |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
Approved by order of the board of trustees on |
Save Hemsby Coastline |
Statement of Financial Activities |
(Incorporating an Income and Expenditure Account) |
For The Year Ended 31st December 2023 |
2023 | 2022 |
Unrestricted | Total |
fund | funds |
Notes | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 | ( |
) |
EXPENDITURE ON |
Raising funds | 3 |
Charitable activities | 4 |
Coastal defence work |
Governance costs |
Total |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 31,279 |
Save Hemsby Coastline (Registered number: 09359377) |
Balance Sheet |
31st December 2023 |
2023 | 2022 |
Unrestricted | Total |
fund | funds |
Notes | £ | £ |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 9 |
Unrestricted funds | 31,279 |
TOTAL FUNDS | 31,279 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
Save Hemsby Coastline |
Notes to the Financial Statements |
For The Year Ended 31st December 2023 |
1. | ACCOUNTING POLICIES |
Basis of preparation of financial statements |
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': |
• | the requirements of Section 7 Statement of Cash Flows. |
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. |
Taxation |
The charity is exempt from corporation 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. |
2. | DONATIONS AND LEGACIES |
2023 | 2022 |
£ | £ |
Donations | ( |
) |
Save Hemsby Coastline |
Notes to the Financial Statements - continued |
For The Year Ended 31st December 2023 |
3. | RAISING FUNDS |
Other trading activities |
2023 | 2022 |
£ | £ |
Opening stock |
4. | CHARITABLE ACTIVITIES COSTS |
Support |
Direct | costs (see |
Costs | note 5) | Totals |
£ | £ | £ |
Coastal defence work | 1,588 | - | 1,588 |
Governance costs | - | 408 | 408 |
1,996 |
5. | SUPPORT COSTS |
Governance |
costs |
£ |
Governance costs |
6. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31st December 2023 nor for the year ended 31st December 2022. |
Trustees' expenses |
During the year £194 (2022 £Nil) was paid to two trustees for re-imbursement of expenses incurred on behalf of the charity. |
7. | STAFF COSTS |
There were no staff costs for the year ended 31st December 2023 nor for the year ended 31st December 2022. |
The average monthly number of employees during the year was as follows: |
2023 | 2022 |
Directors |
Save Hemsby Coastline |
Notes to the Financial Statements - continued |
For The Year Ended 31st December 2023 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other creditors |
Accrued expenses |
9. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1/1/23 | in funds | 31/12/23 |
£ | £ | £ |
Unrestricted funds |
General fund | 31,279 | 5,153 | 36,432 |
TOTAL FUNDS | 5,153 | 36,432 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 7,149 | (1,996 | ) | 5,153 |
TOTAL FUNDS | ( |
) | 5,153 |
Comparatives for movement in funds |
Net |
movement | At |
At 1/1/22 | in funds | 31/12/22 |
£ | £ | £ |
Unrestricted funds |
General fund | 32,552 | (1,273 | ) | 31,279 |
TOTAL FUNDS | 32,552 | (1,273 | ) | 31,279 |
Save Hemsby Coastline |
Notes to the Financial Statements - continued |
For The Year Ended 31st December 2023 |
9. | MOVEMENT IN FUNDS - continued |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | (1 | ) | (1,272 | ) | (1,273 | ) |
TOTAL FUNDS | (1 | ) | (1,272 | ) | (1,273 | ) |
10. | RELATED PARTY DISCLOSURES |
During the year £50 (2022 £144) expenses were incurred by trustees on behalf of the charity. The 2023 and 2022 expenses were paid to the Trustees in the current year. |
11. | ULTIMATE CONTROLLING PARTY |
The company is controlled by its members. |