for the Period Ended 31 July 2021
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 July 2021
Principal activities of the company
Additional information
The results for the year are set out on page 3, the income and expenditure account. The deficit was anticipated as the excess expenditure was funded by grants received during earlier years.
Directors
The directors shown below have held office during the whole of the period from
1 August 2020 to 31 July 2021
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2021 | 2020 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | ( | ( |
Operating profit(or loss): | ( | ( |
Profit(or loss) before tax: | ( | ( |
Profit(or loss) for the financial year: | ( | ( |
As at
Notes | 2021 | 2020 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Debtors: | 4 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 5 | ( | ( |
Net current assets (liabilities): | ( | | |
Total assets less current liabilities: | | | |
Total net assets (liabilities): | | | |
Members' funds | |||
Profit and loss account: | | | |
Total members' funds: | | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 July 2021
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Valuation information and policy
Other accounting policies
for the Period Ended 31 July 2021
2021 | 2020 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 July 2021
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 August 2020 | | | ||||
Additions | | | ||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 July 2021 | | | ||||
Depreciation | ||||||
At 1 August 2020 | | | ||||
Charge for year | | | ||||
On disposals | ||||||
Other adjustments | ||||||
At 31 July 2021 | | | ||||
Net book value | ||||||
At 31 July 2021 | | | ||||
At 31 July 2020 | | |
for the Period Ended 31 July 2021
2021 | 2020 | |
---|---|---|
£ | £ | |
Other debtors | | |
Total | | |
for the Period Ended 31 July 2021
2021 | 2020 | |
---|---|---|
£ | £ | |
Taxation and social security | | |
Other creditors | | |
Total | | |
Bearwood Community Hub CIC was established on 12 July 2018 following the successful completion of a coworking and creche pilot led by residents in Bearwood, Sandwell, and a community day which invited Iocal residents to explore ideas for setting up a community hub on Bearwood's high street, Bearwood Road.Mission: To consistently enable every person in Bearwood and surrounding areas to connect, collaborate and create in ways that are right and beneficial for them, and in ways that foster belonging and self-determination.Vision: An open-to-all community hub sustained by a welcoming and happy, productive and professional workspace for commuters, homeworkers and business owners. A place where everyone can connect, create and collaborate.Strategic progressThe year 2020-2021 has been one of significant strategic development. Whilst we delivered what activities we could during the Global Pandemic lockdowns, we put significant effort into our strategic development as an organisation, including policies and processes such as: HR, with a comprehensive employee handbook; Health and Safety policies and processes; partnerships with St Mary's Church Bearwood and the Diocese of Birmingham (detail below); delivery and strategic relationships with local partner organisations, including frontline, arts and community services.In the financial year 2020-2021 we recruited our first Community Engagement Lead, in September 2020. At the same time, funding allowed for our freelance Director to move to PAYE status. The Community Engagement Role enabled us to focus on delivery despite thepandemic, whilst Director Sally Taylor could focus on funding and building strategy. Intervention Architects completed their Feasibility Study for us.In April 2021 The Church of England informed Bearwood Community Hub CIC that due to longstanding issues of a declining congregation at St Mary's, where the Hub was to be located they would no longer be able to enter into a long term (over 10 years) lease arrangement, but would be happy to discuss a shorter arrangement while a process of revitalisation at St Mary's was to be trialled. This fundamentally changed the basis of our architectural feasibility work and funding prospects and so we have, for the moment, put any renovation considerations aside. The work that was undertaken, however, remains important in the way that we use it to inform our understanding of what our community wants, and in that we have shared the study with the new Church leadership, the Diocese and Sandwell MBC regeneration and planning team.In May and June 2021 a tenancy agreement with the St Mary the Virgin Church Parochial Church Council was drafted, with the help of representatives from the Diocese of Birmingham. This came into effect just before the end of this reporting period, in July 2021.In July 2021 funding success for the next 12 months, thanks to the Holiday Activities and Food Programme, SCVO Epic Programme and outstanding moral and financial support from local partners Smethwick Church Action Network and Sandwell Churches Link, we were able to open our doors to our community at the end of July 2021, for coworking, a playscheme for children on benefits related free school meals, and our long-awaited Bearwood Community Bakery for refugee and migrant women.Focus of activitiesThe primary focus of our activities was building our engagement and our stabilising our organisation to be able to open our doors in late July 2021. Mid June to mid July was an intensive period of activity following news that our funding bids to deliver a summer playscheme and community bakery was successful. The focus was preparing the building for use, including a kitchen that would conform to regulations, clearing the large hall and purchasing bakery, coworking and playscheme equipment ready for use.The impact of our work is documented and evaluated in our 2021 Impact Report, available on Our website athttps:/www.bearwood.cc/s/Bearwood-Community- Hub-CIC-Annual-Report-20202021.pdf.A summary of the activities we were able to deliver during the pandemic lockdowns is as follows (engagement levels in brackets):2x Seasons of Online Trade School (42)High Street Garden renovation with Princes Trust (16 volunteers, 9 were aged 18-24 NEET)1x Sew and Chat (about the potential of the hub) (5)Bearwood Bonds in-depth street conversations (24 people across seven streelts)8x Bearwood Coffee Mornings Online (45)2x Bearwood Business Network online (21)5x Online Bakery session for women who have sought sanctuary (11)Evaluation surveys 2021 (73)Series of one to one financial resilience sessions for women with Your Money Your Way CIC (5)Bearwood Young Persons Design Company project completionBearwood Tapestry partnership with We Are Bearwood: 2 x online sew and chat sessions, 100participants5x Online Art Workshops with professional artists (35)Fortnightly Dip into a Book with a Hub online shared reading group (13 regular participants,more occasional).10 x Outdoor play group sessions delivered by Wild Lives Forest School and New BabyNetwork CIC (43)Bearwood Street Network whatsapp group created connecting multiple streets across the neighbourhood for sharing information, encouragement, materials and equipment. Street-based collections for Smethwick Foodbank guidance published for local residents, resulting in significant uplift in donations.
The CIC's stakeholders are all members of the community who all live, work or visit in Bearwood. Information on funding news and development plans were shared online during this financial year, as per the previous year. Bearwood Bonds was an action learning pilot in which we were able to talk on the doorstep with residents despite the lockdown. This enabled muchneeded social connection and its impacts on loneliness, but was also vital in informing us about our community's needs during this time, where willing volunteers were who we could call upon, and also involved signposting to services such as benefits advice for those in financial crisis. As is always the case with our approach, a number of activities were enabled by us but suggested and led by our stakeholders, including Dip into a Book, Outdoor playgroup, Trade School.
Directors remuneration is disclosed in the accounts. There were no other transactions or arrangements in connection with the remuneration of directors, which require disclosure.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
29 April 2022
And signed on behalf of the board by:
Name: Sally Taylor
Status: Director