|
|
|
Company Limited by Guarantee |
|
|
|
|
|
|
|
COMPANY LIMITED BY GUARANTEE |
|
FINANCIAL STATEMENTS |
|
Page |
|
|
Trustees' annual report (incorporating the director's report) |
1 |
|
Independent examiner's report to the trustees |
8 |
|
Statement of financial activities (including income and expenditure account) |
10 |
|
Statement of financial position |
11 |
|
Notes to the financial statements |
13 |
|
|
|
COMPANY LIMITED BY GUARANTEE |
|
TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) |
|
Registered charity name |
Cornerstone Community Centre (Hove) |
|
Charity registration number |
|
|
Company registration number |
|
|
Principal office and registered |
Cornerstone Community Centre |
|
office |
Church Road |
|
Hove |
|
|
BN3 2FL |
|
|
|
||
|
|
||
|
|
(Resigned
|
|
|
|
||
|
|
||
|
|
||
|
|
(Resigned
|
|
|
|
(Resigned
|
|
|
|
||
|
|
(Appointed
|
|
|
|
(Appointed
|
|
|
|
(Appointed
|
|
|
|
(Appointed
|
|
|
Company secretary |
|
|
Independent examiner |
|
|
168 Church Road |
|
|
Hove |
|
|
East Sussex |
|
|
BN3 2DL |
|
|
|
|
Trustee |
|
|
|
COMPANY LIMITED BY GUARANTEE |
|
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
|
|
|
|
COMPANY LIMITED BY GUARANTEE |
|
STATEMENT OF FINANCIAL ACTIVITIES |
|
(INCLUDING INCOME AND EXPENDITURE ACCOUNT) |
|
2024 |
2023 |
|||
|
Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
|
|
Note |
£ |
£ |
£ |
£ |
|
Donations and legacies |
5 |
|
|
|
|
|
Charitable activities |
6 |
|
– |
|
|
|
Investment income |
7 |
|
– |
|
|
|
---------- |
--------- |
---------- |
---------- |
||
|
Total income |
|
|
|
|
|
|
---------- |
--------- |
---------- |
---------- |
||
|
Expenditure on charitable activities |
8,9 |
|
|
|
|
|
Other expenditure |
10 |
|
– |
|
– |
|
---------- |
--------- |
---------- |
---------- |
||
|
Total expenditure |
|
|
|
|
|
|
---------- |
--------- |
---------- |
---------- |
||
|
Net gains on investments |
11 |
|
– |
|
|
|
---------- |
--------- |
---------- |
---------- |
|
|
Net (expenditure)/income and net movement in funds |
|
(
|
(
|
|
|
---------- |
--------- |
---------- |
---------- |
|
|
Total funds brought forward |
|
|
|
|
|
---------- |
--------- |
---------- |
---------- |
|
|
Total funds carried forward |
|
|
|
|
|
---------- |
--------- |
---------- |
---------- |
|
|
|
|
COMPANY LIMITED BY GUARANTEE |
|
STATEMENT OF FINANCIAL POSITION |
|
2024 |
2023 |
||
|
Note |
£ |
£ |
£ |
|
Tangible fixed assets |
16 |
|
|
|
|
Investments |
17 |
|
|
|
|
---------- |
---------- |
|||
|
|
|
|||
|
Debtors |
18 |
|
– |
|
|
Cash at bank and in hand |
|
|
||
|
--------- |
--------- |
|||
|
|
|
|||
|
Creditors: amounts falling due within one year |
19 |
|
|
|
|
--------- |
--------- |
|||
|
Net current assets |
|
|
||
|
---------- |
---------- |
|||
|
Total assets less current liabilities |
|
|
||
|
---------- |
---------- |
|||
|
Net assets |
|
|
||
|
---------- |
---------- |
|||
|
Restricted funds |
|
|
||
|
Unrestricted funds |
|
|
||
|
---------- |
---------- |
|||
|
Total charity funds |
21 |
|
|
|
|
---------- |
---------- |
|||
|
|
|
COMPANY LIMITED BY GUARANTEE |
|
STATEMENT OF FINANCIAL POSITION (continued) |
|
|
|
Trustee |
|
|
|
COMPANY LIMITED BY GUARANTEE |
|
NOTES TO THE FINANCIAL STATEMENTS |
|
Short leasehold property |
- |
25 years from 1993
|
|
|
Fixtures and fittings |
- |
|
|
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
|
£ |
£ |
£ |
||
|
Donations - general |
90 |
– |
90 |
|
|
Donations - food bank |
– |
7,898 |
7,898 |
|
|
Grants receivable - food bank |
– |
13,010 |
13,010 |
|
|
---- |
--------- |
--------- |
||
|
|
|
|
||
|
---- |
--------- |
--------- |
||
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
|
£ |
£ |
£ |
||
|
Donations - general |
500 |
– |
500 |
|
|
Donations - food bank |
– |
9,904 |
9,904 |
|
|
Grants receivable - food bank |
– |
19,111 |
19,111 |
|
|
---- |
--------- |
--------- |
||
|
|
|
|
||
|
---- |
--------- |
--------- |
||
|
Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
||
|
£ |
£ |
£ |
£ |
||
|
Income from lettings |
|
|
|
|
|
|
--------- |
--------- |
--------- |
--------- |
||
|
Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
||
|
£ |
£ |
£ |
£ |
||
|
Bank interest receivable |
7,337 |
7,337 |
6,695 |
6,695 |
|
|
Other interest receivable |
– |
– |
38 |
38 |
|
|
------- |
------- |
------- |
------- |
||
|
|
|
|
|
||
|
------- |
------- |
------- |
------- |
||
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
|
£ |
£ |
£ |
||
|
General |
104,244 |
– |
104,244 |
|
|
Yoga |
– |
– |
– |
|
|
Food bank |
– |
31,131 |
31,130 |
|
|
Support costs |
2,160 |
– |
2,161 |
|
|
---------- |
--------- |
---------- |
||
|
|
|
|
||
|
---------- |
--------- |
---------- |
||
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
|
£ |
£ |
£ |
||
|
General |
102,249 |
– |
102,249 |
|
|
Yoga |
– |
905 |
905 |
|
|
Food bank |
– |
18,254 |
18,253 |
|
|
Support costs |
2,253 |
– |
2,253 |
|
|
---------- |
--------- |
---------- |
||
|
|
|
|
||
|
---------- |
--------- |
---------- |
||
|
Activities undertaken directly |
Support costs |
Total funds 2024 |
Total fund 2023 |
||
|
£ |
£ |
£ |
£ |
||
|
General |
104,244 |
– |
104,244 |
102,249 |
|
|
Yoga |
– |
– |
– |
905 |
|
|
Food bank |
31,130 |
– |
31,130 |
18,253 |
|
|
Governance costs |
– |
2,161 |
2,161 |
2,253 |
|
|
---------- |
------- |
---------- |
---------- |
||
|
|
|
|
|
||
|
---------- |
------- |
---------- |
---------- |
||
|
Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
||
|
£ |
£ |
£ |
£ |
||
|
Entertaining |
|
|
– |
– |
|
|
---- |
---- |
---- |
---- |
||
|
Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
||
|
£ |
£ |
£ |
£ |
||
|
Gains/(losses) on other investment assets |
|
|
|
|
|
|
--------- |
--------- |
------- |
------- |
||
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Depreciation of tangible fixed assets |
249 |
312 |
|
---- |
---- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Independent examination of the financial statements |
1,200 |
1,200 |
|
------- |
------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Employer contributions to pension plans |
2,347 |
3,096 |
|
--------- |
--------- |
|
|
|
|
|
|
--------- |
--------- |
|
|
2024 |
2023 |
|
|
No. |
No. |
|
|
Number of staff - administrative |
2 |
3 |
|
---- |
---- |
|
|
Short leasehold property |
Fixtures and fittings |
Total |
|
|
£ |
£ |
£ |
|
|
Cost |
|||
|
At 1 Oct 2023 and 30 Sep 2024 |
|
|
|
|
---------- |
--------- |
---------- |
|
|
Depreciation |
|||
|
At 1 Oct 2023 |
|
|
|
|
Charge for the year |
– |
|
|
|
---------- |
--------- |
---------- |
|
|
At 30 Sep 2024 |
|
|
|
|
---------- |
--------- |
---------- |
|
|
Carrying amount |
|||
|
At 30 Sep 2024 |
– |
|
|
|
---------- |
--------- |
---------- |
|
|
At 30 Sep 2023 |
– |
|
|
|
---------- |
--------- |
---------- |
|
|
Listed investments |
Other investments |
Total |
|
|
£ |
£ |
£ |
|
|
Cost or valuation |
|||
|
At 1 Oct 2023 |
917 |
163,278 |
164,195 |
|
Additions |
– |
– |
– |
|
Fair value movements |
– |
13,674 |
13,674 |
|
---- |
---------- |
---------- |
|
|
At 30 Sep 2024 |
917 |
176,952 |
177,869 |
|
---- |
---------- |
---------- |
|
|
Impairment |
|||
|
At 1 Oct 2023 and 30 Sep 2024 |
– |
– |
|
|
---------- |
---------- |
||
|
Carrying amount |
|||
|
At 30 Sep 2024 |
917 |
176,952 |
177,869 |
|
---- |
---------- |
---------- |
|
|
At 30 Sep 2023 |
917 |
163,278 |
164,195 |
|
---- |
---------- |
---------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Other debtors |
|
– |
|
---- |
---- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Accruals and deferred income |
|
|
|
Social security and other taxes |
– |
|
|
Other creditors |
|
|
|
------- |
------- |
|
|
|
|
|
|
------- |
------- |
|
|
At 1 Oct 2023 |
Income |
Expenditure |
Gains and losses |
At 30 Sep 2024 |
|
|
£ |
£ |
£ |
£ |
£ |
|
|
General funds |
219,304 |
101,408 |
(106,683) |
13,675 |
227,704 |
|
---------- |
---------- |
---------- |
--------- |
---------- |
|
|
At 1 Oct 2022 |
Income |
Expenditure |
Gains and losses |
At 30 Sep 2023 |
|
|
£ |
£ |
£ |
£ |
£ |
|
|
General funds |
225,170 |
94,293 |
(104,502) |
4,343 |
219,304 |
|
---------- |
--------- |
---------- |
------- |
---------- |
|
|
At 1 Oct 2023 |
Income |
Expenditure |
Gains and losses |
At 30 Sep 2024 |
|
|
£ |
£ |
£ |
£ |
£ |
|
|
Restricted Funds |
12,004 |
20,908 |
(31,131) |
– |
1,781 |
|
--------- |
--------- |
--------- |
---- |
------- |
|
|
At 1 Oct 2022 |
Income |
Expenditure |
Gains and losses |
At 30 Sep 2023 |
|
|
£ |
£ |
£ |
£ |
£ |
|
|
Restricted Funds |
2,148 |
29,015 |
(19,159) |
– |
12,004 |
|
------- |
--------- |
--------- |
---- |
--------- |
|
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
|
£ |
£ |
£ |
||
|
Tangible fixed assets |
997 |
– |
997 |
|
|
Investments |
177,869 |
– |
177,869 |
|
|
Current assets |
50,351 |
1,781 |
52,132 |
|
|
Creditors less than 1 year |
(1,513) |
– |
(1,513) |
|
|
---------- |
------- |
---------- |
||
|
Net assets |
227,704 |
1,781 |
229,485 |
|
|
---------- |
------- |
---------- |
||
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
|
£ |
£ |
£ |
||
|
Tangible fixed assets |
1,246 |
– |
1,246 |
|
|
Investments |
164,195 |
– |
164,195 |
|
|
Current assets |
56,356 |
12,004 |
68,360 |
|
|
Creditors less than 1 year |
(2,492) |
– |
(2,492) |
|
|
---------- |
--------- |
---------- |
||
|
Net assets |
219,305 |
12,004 |
231,309 |
|
|
---------- |
--------- |
---------- |
||