YOUR COMMUNITY HUB COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
09123504 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

YOUR COMMUNITY HUB COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

YOUR COMMUNITY HUB COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Turnover: 354,661 266,166
Cost of sales: ( 103,075 ) ( 23,361 )
Gross profit(or loss): 251,586 242,805
Administrative expenses: ( 267,836 ) ( 284,349 )
Other operating income: 13,500
Operating profit(or loss): (16,250) (28,044)
Profit(or loss) before tax: (16,250) (28,044)
Profit(or loss) for the financial year: (16,250) (28,044)

YOUR COMMUNITY HUB COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 54,047 74,071
Total fixed assets: 54,047 74,071
Current assets
Stocks: 4 3,218 3,562
Cash at bank and in hand: 14,392 10,362
Total current assets: 17,610 13,924
Creditors: amounts falling due within one year: 5 ( 14,761 ) ( 14,849 )
Net current assets (liabilities): 2,849 (925)
Total assets less current liabilities: 56,896 73,146
Total net assets (liabilities): 56,896 73,146
Members' funds
Profit and loss account: 56,896 73,146
Total members' funds: 56,896 73,146

The notes form part of these financial statements

YOUR COMMUNITY HUB COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 July 2024 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 9 January 2025
and signed on behalf of the board by:

Name: Nathan James Taylor
Status: Director

The notes form part of these financial statements

YOUR COMMUNITY HUB COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 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

YOUR COMMUNITY HUB COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

YOUR COMMUNITY HUB COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 200,236 40,670 240,906
Additions
Disposals
Revaluations
Transfers
At 31 July 2024 200,236 40,670 240,906
Depreciation
At 1 August 2023 126,165 40,670 166,835
Charge for year 20,024 20,024
On disposals
Other adjustments
At 31 July 2024 146,189 40,670 186,859
Net book value
At 31 July 2024 54,047 0 54,047
At 31 July 2023 74,071 0 74,071

YOUR COMMUNITY HUB COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Stocks

2024 2023
£ £
Stocks 3,218 3,562
Total 3,218 3,562

YOUR COMMUNITY HUB COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 6,796 4,003
Other creditors 7,965 10,846
Total 14,761 14,849

COMMUNITY INTEREST ANNUAL REPORT

YOUR COMMUNITY HUB COMMUNITY INTEREST COMPANY

Company Number: 09123504 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

Your Community Hub has further strengthened its fundraising activities to support its continuous running of local services and this year has seen it take on further community assets which have opened up significant fundraising opportunities year round. YCH benefiting both financially from income and the community by the underpinning of services with this sustainable financial strand of income.

Consultation with stakeholders

The company’s stakeholders remain local volunteers and community members who register at both community Hubs with over 90% living within a 2-mile radius of either Humberston or Grant Thorold Hub. The directors of the company live in the immediate vicinity and have developed the business model for the Hubs based on their experience of talking to other residents. With the incorporation of a suggestion box and 1/4 yearly consultations, we are able to drive the hubs forward creating a sustainable future for libraries and community Hub in the areas we work in.

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
9 January 2025

And signed on behalf of the board by:
Name: Nathan James Taylor
Status: Director