REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements |
for the Year Ended 30 June 2024 |
for |
West Howe Community Enterprises |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements |
for the Year Ended 30 June 2024 |
for |
West Howe Community Enterprises |
West Howe Community Enterprises |
Contents of the Financial Statements |
for the Year Ended 30 June 2024 |
Page |
Report of the Trustees | 1 | to | 4 |
Independent Examiner's Report | 5 |
Statement of Financial Activities | 6 |
Balance Sheet | 7 | to | 8 |
Notes to the Financial Statements | 9 | to | 20 |
West Howe Community Enterprises (Registered number: 07715127) |
Report of the Trustees |
for the Year Ended 30 June 2024 |
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 30 June 2024. 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). |
The year 2023-2024 has been exciting in many ways. During the year we've had a full staff team. Not only have we recruited to a full complement but have also secured additional funding during the year to enable recruitment of a Fridge Coordinator. |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
To develop capacity and skills of the members of socially and economically disadvantaged community of West Howe. |
Creating opportunities, the advancement of education and training, particularly among unemployed people, providing people with work experience. |
Providing activities which promote social inclusion for the public benefit by preventing people from becoming socially excluded. |
Principal Activity |
The principal activity of the company is the operation of a charity shop and management of a community social centre to improve communications in the area of West Howe and make it a better place to live. To improve the quality of life for people in West Howe through creating opportunities for them to give, connect with each other, be active, learn something new and be confident in themselves and the wider community. |
Public benefit |
The trustees have had due regard to the Charity Commission guidance on public benefit. |
West Howe Community Enterprises (Registered number: 07715127) |
Report of the Trustees |
for the Year Ended 30 June 2024 |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
We continue to work with and through a number of partners to further our aims and improve the wellbeing of the community: |
Arts by The Sea (BCP) |
Citizens Advice |
The Dogs Trust |
Crescent View Preschool |
North Bournemouth Primary Care Trust |
Livewell Dorset |
Community Action Network (CAN) |
Poole Communities Trust (PCT) |
Bournemouth University (BU) |
B&P College |
SGN (Formerly Sovereign) |
Skills and Learning |
ISMAA Karate |
RCA Cheerleading |
Andys Man club |
The Parks Foundation |
BHLive Active Aim Community |
Headline numbers for 2023-2024 |
18,281 attendees in the Centre |
227 people accessed support through the Citizens Advice Mobile Van |
5,290 visits to the Community Fridge |
193 people have attended various Craft sessions |
693 adults and children have attended one off events at the Centre |
292 Men have attended their own weekly Men's Group |
65 families have got involved in Community Cooking sessions |
Some highlights of the year |
As a result of The Friendly Food Club delivering cooking activities last year, we have developed our own 'in house' cookery sessions delivered by our Community Cook Nicola Ellis. She delivered her first session for families. One mum was surprised to witness her son eating mushrooms for the first time and even enjoying them! Since then other groups within the Community have asked for sessions to be delivered for them, these include The Men's Groups, Over 55's and more family sessions in the holidays. |
Jessie, our Community Development and Volunteer Manager has developed a robust volunteering programme. The aim is to give our volunteers the opportunity to develop skills and confidence whilst benefiting from the training WHCE can offer. Here's what some of the volunteers have said: |
"Since coming I have built up my confidence and made some lovely friends. Met lots of nice people. Becoming a better person in myself. I am more confident and can speak to people. Before I didn't have a lot of confidence and didn't like going up to people to talk to them and now can go up to people and introduce myself." |
"My proudest moment was being asked to be a Volunteer Rep. This means I am a volunteer team leader and offer peer support to other volunteers, particularly if they have questions or there is an issue affecting them." |
"Being part of the community and working alongside the team of staff and volunteers at the Henry Brown has been a great experience for me. After 18yrs of not working because of my disability I have been accepted and helped, supported by everyone. Encouraged to learn new skills to further my education in life and to be able to support my community in many ways." |
West Howe Community Enterprises (Registered number: 07715127) |
Report of the Trustees |
for the Year Ended 30 June 2024 |
"The way the charity is runs means we will help people implement their ideas and there is support to do this." |
"I've settled in as if I've always been here. My kids said I should have done it years and years ago. I just love it here, I'm so pleased." |
Fundraising activities |
In the past 12 months our Charity shop income has increased, the shop continues to open 3 days a week and receives donations, enabling regular rotation of stock. Tracy, Shop Manager, has a reliable group of volunteers and they join in with the activities in the Centre. |
The Cafe is experiencing a quieter period. We are working with the community to ensure we deliver the right model in the future. Unfortunately, the main cooker in the Cafe area broke, we have just received some grant funding to replace this, and it is hoped that some of the events such as Sunday Lunch, Lunch Clubs will restart soon. The Cafe has generated an income of £16,042 over the past 12 months. |
In the past 12 months we have increased our Venue Hire and the income generated for the same 12 months is £17,798. Our event income is just under £4,000. |
Our current funding with TNL is now in its final year. We are working hard with the Board, staff group and our volunteers to ensure that our plans for the coming 5 years and beyond are sustainable. Our business planning will evidence not only the growth that has already taken place but also the future vision of WHCE and the Community it represents. |
The Charity have been successful in the 1st phase of the Community Asset Transfer (CAT) of the building. Work is underway now to produce a Business Plan and negotiate with the local authority in Phase 2 of the CAT. This will coincide with the next potential round of TNL funding, so it is critical the Charity decides on the most appropriate model for the future of the Community of West Howe. |
FINANCIAL REVIEW |
Financial Position |
Total income for the year has increased to £203,802 (2023 - £154,175) and the total expenditure for the year was £186,788 (2023 - £142,074) giving the charity a surplus of £17,014 (2023 - £12,101). This has resulted in unrestricted funds of £42,063 (2023 - £40,048) and restricted funds of £105,223 (2023 - £90,224) at the year end. |
Reserves policy and going concern |
The Trustees aim to maintain £40,000 of unrestricted funds as a reserve to cover expenditure in case of an unexpected fall in income. At the year end, the charity had free reserves (unrestricted reserves less fixed assets) of £38,434 (2023: £38,950). |
Going concern |
The trustees are aware that the National Lottery funding, which covers a large proportion of the wages cost, runs until June 2025 and further funding is not yet secured. However applications have been made and the outcome of this is expected soon. The trustees are optimistic that further funding will be secured. |
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. |
Recruitment and appointment of new trustees |
New trustees will be appointed by the existing trustees. The induction process will involve the new trustees receiving a copy of our governing deed and a copy of The Charity Commissions Guidance "The Essential Trustee - What you need to know" and "Charities and Public Benefit". |
We recognise that the Board is holding some Trustee 'vacancies' and will recruit to reinforce the skills and knowledge in this next year. |
West Howe Community Enterprises (Registered number: 07715127) |
Report of the Trustees |
for the Year Ended 30 June 2024 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Independent Examiner |
I M Rodd BSc FCA FCCA |
Ward Goodman Audit Services Ltd |
4 Cedar Park |
Ferndown Industrial Estate |
Wimborne |
Dorset |
BH21 7SF |
SMALL COMPANY PROVISIONS |
This report has been prepared in accordance with the small companies regime under the Companies Act 2006. |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
West Howe Community Enterprises |
Independent examiner's report to the trustees of West Howe Community Enterprises ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2024. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |
I M Rodd BSc FCA FCCA |
Ward Goodman Audit Services Ltd |
4 Cedar Park |
Ferndown Industrial Estate |
Wimborne |
Dorset |
BH21 7SF |
18 March 2025 |
West Howe Community Enterprises |
Statement of Financial Activities |
(Incorporating an Income and Expenditure Account) |
for the Year Ended 30 June 2024 |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 3 |
Other trading activities | 4 |
Total |
EXPENDITURE ON |
Raising funds | 5 |
Charitable activities | 6 |
Community centre | 59,603 | 119,672 | 179,275 | 131,745 |
Total |
NET INCOME |
Transfers between funds | 15 | (713 | ) | 713 | - | - |
Net movement in funds |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 130,272 |
West Howe Community Enterprises (Registered number: 07715127) |
Balance Sheet |
30 June 2024 |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 11 |
CURRENT ASSETS |
Debtors | 12 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 13 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 15 |
Unrestricted funds | 40,048 |
Restricted funds | 90,224 |
TOTAL FUNDS | 130,272 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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. |
West Howe Community Enterprises (Registered number: 07715127) |
Balance Sheet - continued |
30 June 2024 |
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 |
West Howe Community Enterprises |
Notes to the Financial Statements |
for the Year Ended 30 June 2024 |
1. | LEGAL FORM |
West Howe Community Enterprises is a private charitable company, that is limited by guarantee and is incorporated in England and Wales. The registered office is noted on the company information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the 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. |
Income |
All income (including government grants) 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. |
Charitable activities |
Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. |
Governance costs |
These include the cost attributable to the Charity's compliance with constitutional and statutory requirements, including audit, strategic management and Trustee's meetings and reimbursed expenses. |
Irrecoverable VAT |
Irrecoverable VAT is charged against the category of resources expended for which it was incurred. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Fixtures and fittings | - |
Computer equipment | - |
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. |
West Howe Community Enterprises |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
2. | ACCOUNTING POLICIES - continued |
Fund accounting |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
Pension costs and other post-retirement benefits |
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
Cash and cash equivalents |
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of and are subject to an insignificant risk of change in value. |
Trade creditors |
Trade creditors are obligations to pay for goods or services that have ben acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date, they are presented as non-current liabilities. |
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. |
Debtors |
Trade debtors are recognised at the settlement amount due after any trade discount offered. |
Prepayments are valued at the amount prepaid net of any trade discounts due. |
3. | DONATIONS AND LEGACIES |
2024 | 2023 |
£ | £ |
Donations |
Grants |
Grants received, included in the above, are as follows: |
2024 | 2023 |
£ | £ |
Lottery | 119,310 | 91,735 |
Dorset Community Foundation | 11,090 | 5,000 |
Dorset PCC | 3,058 | - |
BCP Council | - | 2,073 |
Other grants | 500 | 9,334 |
133,958 | 108,142 |
West Howe Community Enterprises |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
4. | OTHER TRADING ACTIVITIES |
2024 | 2023 |
£ | £ |
Cafe income |
Shop income |
Venue Hire income | 9,485 | 795 |
Other income | 6,061 | 5,525 |
5. | RAISING FUNDS |
Other trading activities |
2024 | 2023 |
£ | £ |
Purchases |
6. | CHARITABLE ACTIVITIES COSTS |
Direct | Support |
Costs | costs | Totals |
£ | £ | £ |
Community centre | 174,027 | 5,248 | 179,275 |
7. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2024 | 2023 |
£ | £ |
Depreciation - owned assets |
Independent examination | 2,142 | 2,040 |
The above costs are the support costs of the charity. |
8. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023. |
West Howe Community Enterprises |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
9. | STAFF COSTS |
2024 | 2023 |
£ | £ |
Wages and salaries |
Social security costs |
Other pension costs |
136,556 | 102,613 |
Included in the above staff costs is key management remuneration of £42,735 (2023: £37,606). |
The average monthly number of employees during the year was as follows: |
2024 | 2023 |
Contracted staff |
10. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Other trading activities |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Community centre | 42,352 | 89,393 | 131,745 |
Total |
NET INCOME |
Transfers between funds | (392 | ) | 392 | - |
Net movement in funds |
RECONCILIATION OF FUNDS |
Total funds brought forward | 38,683 | 79,488 |
TOTAL FUNDS CARRIED FORWARD | 40,048 | 90,224 | 130,272 |
West Howe Community Enterprises |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
11. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 July 2023 |
Additions |
At 30 June 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for year |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments and accrued income |
13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Social security and other taxes |
Other creditors |
Accrued expenses |
West Howe Community Enterprises |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
14. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2024 | 2023 |
£ | £ |
Within one year |
Between one and five years |
£6,083 in relation to lease payments is recognised as an expense in the Statement of Financial Activity in this financial year. |
15. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1.7.23 | in funds | funds | 30.6.24 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 40,048 | 2,728 | (713 | ) | 42,063 |
Restricted funds |
BCP Community Fund | 612 | (429 | ) | - | 183 |
BCP Defibrillator | 90 | - | - | 90 |
Bournemouth 2026 | 17 | (18 | ) | 1 | - |
Charities Aid Foundation | 2,952 | (971 | ) | - | 1,981 |
Cinema | 3,910 | (266 | ) | - | 3,644 |
DCF Neighbourhood Fund | 4,250 | (4,465 | ) | 215 | - |
Dorset Community Foundation | 239 | (239 | ) | - | - |
Dorset Council | 50 | (50 | ) | - | - |
Reaching Communities | 73,766 | 978 | - | 74,744 |
Sovereign Housing | 1,085 | (474 | ) | - | 611 |
BBC Skills | 2,369 | - | - | 2,369 |
Wheelie Inspired Project | 884 | - | - | 884 |
Reaching Communities - Fridge Co Ord | - | 18,532 | - | 18,532 |
DCF - BCP Thriving Communities | - | 1,685 | - | 1,685 |
DCF - BCP Food and Energy Support | - | (497 | ) | 497 | - |
GroundWork | - | 500 | - | 500 |
14,286 |
TOTAL FUNDS | 17,014 | 147,286 |
West Howe Community Enterprises |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
15. | MOVEMENT IN FUNDS - continued |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 69,844 | (67,116 | ) | 2,728 |
Restricted funds |
BCP Community Fund | - | (429 | ) | (429 | ) |
Bournemouth 2026 | - | (18 | ) | (18 | ) |
Charities Aid Foundation | - | (971 | ) | (971 | ) |
Cinema | - | (266 | ) | (266 | ) |
DCF Neighbourhood Fund | - | (4,465 | ) | (4,465 | ) |
Dorset Community Foundation | - | (239 | ) | (239 | ) |
Dorset Council | - | (50 | ) | (50 | ) |
Reaching Communities | 99,314 | (98,336 | ) | 978 |
Sovereign Housing | - | (474 | ) | (474 | ) |
Reaching Communities - Fridge Co Ord | 19,996 | (1,464 | ) | 18,532 |
DCF - BCP Thriving Communities | 1,800 | (115 | ) | 1,685 |
DCF - BCP Food and Energy Support | 9,290 | (9,787 | ) | (497 | ) |
Operation Relentless 2023 | 3,058 | (3,058 | ) | - |
GroundWork | 500 | - | 500 |
( |
) | 14,286 |
TOTAL FUNDS | ( |
) | 17,014 |
West Howe Community Enterprises |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
15. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net | Transfers |
movement | between | At |
At 1.7.22 | in funds | funds | 30.6.23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 38,683 | 1,757 | (392 | ) | 40,048 |
Restricted funds |
BCP Coastal Lottery | 180 | (572 | ) | 392 | - |
BCP Community Fund | - | 612 | - | 612 |
BCP Defibrillator | - | 90 | - | 90 |
Bournemouth 2026 | 92 | (75 | ) | - | 17 |
Charities Aid Foundation | 5,424 | (2,472 | ) | - | 2,952 |
Cinema | 3,916 | (6 | ) | - | 3,910 |
DCF Neighbourhood Fund | - | 4,250 | - | 4,250 |
Dorset Community Foundation | 1,000 | (761 | ) | - | 239 |
Dorset Council | - | 50 | - | 50 |
Reaching Communities | 65,495 | 8,271 | - | 73,766 |
Sovereign Housing | 128 | 957 | - | 1,085 |
BBC Skills | 2,369 | - | - | 2,369 |
Wheelie Inspired Project | 884 | - | - | 884 |
79,488 | 10,344 | 392 | 90,224 |
TOTAL FUNDS | 118,171 | 12,101 | - | 130,272 |
West Howe Community Enterprises |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
15. | 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 | 51,533 | (49,776 | ) | 1,757 |
Restricted funds |
BCP Coastal Lottery | - | (572 | ) | (572 | ) |
BCP Community Fund | 700 | (88 | ) | 612 |
BCP Defibrillator | 1,373 | (1,283 | ) | 90 |
Bournemouth 2026 | - | (75 | ) | (75 | ) |
Charities Aid Foundation | - | (2,472 | ) | (2,472 | ) |
Cherries Community Fund | 1,000 | (1,000 | ) | - |
Cinema | - | (6 | ) | (6 | ) |
DCF Neighbourhood Fund | 5,000 | (750 | ) | 4,250 |
Dorset Community Foundation | - | (761 | ) | (761 | ) |
Dorset Council | 834 | (784 | ) | 50 |
Reaching Communities | 91,735 | (83,464 | ) | 8,271 |
Sovereign Housing | 2,000 | (1,043 | ) | 957 |
102,642 | (92,298 | ) | 10,344 |
TOTAL FUNDS | 154,175 | (142,074 | ) | 12,101 |
West Howe Community Enterprises |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
15. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined position is as follows: |
Net | Transfers |
movement | between | At |
At 1.7.22 | in funds | funds | 30.6.24 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 38,683 | 4,485 | (1,105 | ) | 42,063 |
Restricted funds |
BCP Coastal Lottery | 180 | (572 | ) | 392 | - |
BCP Community Fund | - | 183 | - | 183 |
BCP Defibrillator | - | 90 | - | 90 |
Bournemouth 2026 | 92 | (93 | ) | 1 | - |
Charities Aid Foundation | 5,424 | (3,443 | ) | - | 1,981 |
Cinema | 3,916 | (272 | ) | - | 3,644 |
DCF Neighbourhood Fund | - | (215 | ) | 215 | - |
Dorset Community Foundation | 1,000 | (1,000 | ) | - | - |
Reaching Communities | 65,495 | 9,249 | - | 74,744 |
Sovereign Housing | 128 | 483 | - | 611 |
BBC Skills | 2,369 | - | - | 2,369 |
Wheelie Inspired Project | 884 | - | - | 884 |
Reaching Communities - Fridge Co Ord | - | 18,532 | - | 18,532 |
DCF - BCP Thriving Communities | - | 1,685 | - | 1,685 |
DCF - BCP Food and Energy Support | - | (497 | ) | 497 | - |
GroundWork | - | 500 | - | 500 |
79,488 | 24,630 | 1,105 | 105,223 |
TOTAL FUNDS | 118,171 | 29,115 | - | 147,286 |
West Howe Community Enterprises |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
15. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 121,377 | (116,892 | ) | 4,485 |
Restricted funds |
BCP Coastal Lottery | - | (572 | ) | (572 | ) |
BCP Community Fund | 700 | (517 | ) | 183 |
BCP Defibrillator | 1,373 | (1,283 | ) | 90 |
Bournemouth 2026 | - | (93 | ) | (93 | ) |
Charities Aid Foundation | - | (3,443 | ) | (3,443 | ) |
Cherries Community Fund | 1,000 | (1,000 | ) | - |
Cinema | - | (272 | ) | (272 | ) |
DCF Neighbourhood Fund | 5,000 | (5,215 | ) | (215 | ) |
Dorset Community Foundation | - | (1,000 | ) | (1,000 | ) |
Dorset Council | 834 | (834 | ) | - |
Reaching Communities | 191,049 | (181,800 | ) | 9,249 |
Sovereign Housing | 2,000 | (1,517 | ) | 483 |
Reaching Communities - Fridge Co Ord | 19,996 | (1,464 | ) | 18,532 |
DCF - BCP Thriving Communities | 1,800 | (115 | ) | 1,685 |
DCF - BCP Food and Energy Support | 9,290 | (9,787 | ) | (497 | ) |
Operation Relentless 2023 | 3,058 | (3,058 | ) | - |
GroundWork | 500 | - | 500 |
236,600 | (211,970 | ) | 24,630 |
TOTAL FUNDS | 357,977 | (328,862 | ) | 29,115 |
The specific purposes for which the funds are to be applied are as follows: |
BBC Skills fund is part of the West Howe Regeneration Partnership agreement. |
Wheelie Inspired Project is restricted for the community bike scheme. |
Sovereign Housing - Local initiative to support entry courses to improve skills and increase independence in the West Howe area. |
Cinema - restricted for community cinema activities and associated costs. Funding will be spent once current social distancing restrictions are no longer in place and the project can be safely set up. |
Dorset Community Foundation - to fund support for projects for those affected by the Covid pandemic. |
Reaching Communities - to cover salary and some governance costs for the charity. |
Reaching Communities - Fridge Co Ord - to fund a 2 year fixed contract for a part time Fridge Co Ordinator |
Bournemouth 2026 - for the provision of youth club services. |
West Howe Community Enterprises |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
15. | MOVEMENT IN FUNDS - continued |
Charities Aid Foundation - for the delivery of mental health sessions. |
Dorset Council - for purchase of fridges and freezers. |
BCP Community Fund - for community fridge project supplies. |
BCP Defibrillator - to fund the purchase of a defibrillator and associated costs. |
DCF Neighbourhood - to fund the community fridge project. |
DCF BCP Thriving Communities - to fund redecoration costs |
DCF BCP Food and Energy Support - to fund Community Cook sessions offering cooking tuition |
Operation Relentless 2023 - to fund installation of CCTV |
GroundWork - to fund work with children/families linked to food |
Descriptions for comparative purposes only |
BCP Coastal lottery - Purpose of grant is for #stayhome activities and befriending during lockdown. |
Cherries Community Fund - for purchase of equipment and furnishings. |
Transfers between funds |
Transfers have been made from general to restricted funds to cover any overspend on the fund. |
16. | RELATED PARTY DISCLOSURES |
There were no related party transactions for the year ended 30 June 2024, nor in the the prior year. |