THE VETERANS HUB - WEYMOUTH AND PORTLAND C.I.C.

Company limited by guarantee

Company Registration Number:
11476071 (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

THE VETERANS HUB - WEYMOUTH AND PORTLAND C.I.C.

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE VETERANS HUB - WEYMOUTH AND PORTLAND C.I.C.

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 4,132 9,638
Total fixed assets: 4,132 9,638
Current assets
Stocks: 4 3,000 4,500
Debtors: 5 33,440 12,729
Cash at bank and in hand: 3,823 2,729
Total current assets: 40,263 19,958
Creditors: amounts falling due within one year: 6 ( 44,384 ) ( 38,793 )
Net current assets (liabilities): (4,121) (18,835)
Total assets less current liabilities: 11 ( 9,197)
Total net assets (liabilities): 11 (9,197)
Members' funds
Profit and loss account: 11 ( 9,197)
Total members' funds: 11 (9,197)

The notes form part of these financial statements

THE VETERANS HUB - WEYMOUTH AND PORTLAND C.I.C.

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.

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 13 March 2025
and signed on behalf of the board by:

Name: Susan Neate
Status: Director

The notes form part of these financial statements

THE VETERANS HUB - WEYMOUTH AND PORTLAND C.I.C.

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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Motor Vehicles 20% on a straight line basis Fixtures & Fittings 20% on a straight line basis

    Other accounting policies

    Stocks and Work in Progress Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

THE VETERANS HUB - WEYMOUTH AND PORTLAND C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 6 6

THE VETERANS HUB - WEYMOUTH AND PORTLAND C.I.C.

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 37,033 4,250 41,283
Additions 743 743
Disposals ( 4,250 ) ( 4,250 )
Revaluations
Transfers
At 31 July 2024 37,776 0 37,776
Depreciation
At 1 August 2023 29,095 2,550 31,645
Charge for year 4,549 4,549
On disposals ( 2,550 ) ( 2,550 )
Other adjustments
At 31 July 2024 33,644 0 33,644
Net book value
At 31 July 2024 4,132 0 4,132
At 31 July 2023 7,938 1,700 9,638

THE VETERANS HUB - WEYMOUTH AND PORTLAND C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Stocks

2024 2023
£ £
Stocks 3,000 4,500
Total 3,000 4,500

THE VETERANS HUB - WEYMOUTH AND PORTLAND C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Debtors

2024 2023
£ £
Prepayments and accrued income 24,056 975
Other debtors 9,384 11,754
Total 33,440 12,729
Debtors due after more than one year: 6,495 8,803

THE VETERANS HUB - WEYMOUTH AND PORTLAND C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 805 1,752
Taxation and social security 25,550 11,048
Accruals and deferred income 1,170 670
Other creditors 16,859 25,323
Total 44,384 38,793

COMMUNITY INTEREST ANNUAL REPORT

THE VETERANS HUB - WEYMOUTH AND PORTLAND C.I.C.

Company Number: 11476071 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

The Veterans Hub Weymouth and Portland has once again demonstrated its unwavering commitment to the local veteran community and wider community throughout the period of August 2023 to July 2024. This year has been marked by a continuation and expansion of core services, coupled with a series of impactful events and initiatives, solidifying the Hub's role as a vital lifeline for veterans and their families. At the heart of the Hub's activities are its regular drop-in sessions, which have seen a steady stream of veterans seeking connection, camaraderie, and support. These sessions have become a sanctuary, a place where shared experiences foster understanding and alleviate the sense of isolation that can often affect those who have served. Notably, the Hub has witnessed an increase in younger veterans seeking assistance, highlighting its growing relevance across generations. Recognising the multifaceted needs of veterans, the Hub has placed a strong emphasis on mental health and well-being. Partnerships with local mental health professionals have facilitated regular workshops addressing stress management, anxiety, and PTSD, providing veterans with valuable coping mechanisms. Peer support groups have also flourished, offering a safe space for the veteran and wider community to share their struggles and find solace in the understanding of their peers. Complementing these efforts, the Hub has organised outdoor activities, such as walks and recreational pursuits, promoting both physical and mental well-being. Practical assistance remains a cornerstone of the Hub's work. Throughout the year, numerous veterans have received invaluable support with housing applications, benefits claims, and employment searches. In times of hardship, the Hub has also provided emergency food parcels, ensuring that no family goes without basic necessities. Navigating the complexities of the healthcare system can be daunting, and the Hub has acted as a crucial guide, connecting veterans with appropriate services and resources. Community engagement has been a key focus, with the Hub actively participating in local events and initiatives. Seasonal events, such as the Christmas lunch and the summer BBQ, have provided opportunities for veterans, their families and the whole community, fostering a sense of belonging. The Hub has also actively raised funds through various events, ensuring the sustainability of its vital services. Furthermore, the Hub has used its social media presence to show the community the work it does, examples of this include showing the fishing trips for veterans, and the work done to support veterans with housing issues. Looking ahead, the Veterans Hub Weymouth and Portland remains committed to expanding its reach and impact. Plans are underway to enhance mental health and well-being programs, increase outreach efforts, and develop partnerships with local businesses to provide employment opportunities for veterans. The Hub will also continue to seek funding to ensure its long-term sustainability and expand its capacity to serve the growing needs of the veteran community. In conclusion, the Veterans Hub Weymouth and Portland has demonstrated its unwavering dedication to supporting veterans and their families. Through its comprehensive range of services and initiatives, the Hub has made a tangible difference in the lives of those who have served, fostering a stronger and more inclusive community.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The director’s remuneration information is within the note of the annual accounts. 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
13 March 2025

And signed on behalf of the board by:
Name: Susan Neate
Status: Director