Company registration number: 03114198 Charity registration number: 1050794 Aylesham And District Community Workshop Trust (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2025 Batchelor Coop Ltd The New Barn Mill Lane Ea5try Sandwich CT13 OJW
Aylesham And District Community Workshop Trust Contents Reference and Adrninistralive Details Trnstees, Report 2to7 Si*ement of Trustees, R¢sponsibiliti¢s Independent Examinels Report Statement of Financial Activities Ioto 11 Balance Sheet 12to13 Note5 to the Financial Statements 14to28
Aylesham And District Community Workshop Trust Reference and Administrative Details Chairpenon SMBottCBE Truste¢s A Doggett J Davies C Duffield J E Flaig S M Mamjan N H B Ratcliffe C Williams Cllr J L Pout Secretary E Barnes Charity Registration Iyumber 1050794 Company RegistratlOD Number 03114198 The charity is incorporated in England and Wales. Ackholt Road Aylesham Kent CT3 3AJ Registered Offiee Independent Examiner Batchelor Coop Ltd The New Barn Mill Lane Eastry Sandwich CT13 OJW Banker$ Lloyds Bank PLC 49 High Street Canterbury Kent CTI 2SE Page I
Aylesham And District Community Workshop Trust Trustees, Report The trustees, who are directors for the purposes of company law. present the annual report together with the financial sthtements and auditors, report of the charitable company for the year ended 31 March 2025. Objectives Ind activities Objects ond aims The principle object of the Charity is to benefit the persons of Aylesham and the nwal distrid with the objective of improving the quality of life for those persons, by providing or assisting in the provision of facilities for the advancement of education, recreation aTJd evnployment. Public benefil The trustees confirni that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public ben¢fit guidance published by the Charity Commission for England and Wales. Trustees and officers The trustees and officers rYing during the year and since the year end were as follows: TTUStees-. A Doggett J Davies C Duffield J E Flaig S M Mamjan N H B Ratcliffe C Willi8ms Cllr J L Pout (appointed I l Febwary 2025) S Manion (r¢5igned 26 November 2024) Chairperson: SMBottCBE S¢u¢tary: E Bames Page 2
Aylesham And District Community Workshop Trust Trustees, Report Rlsk nllgement The Trustees examine the major risks thai the charity faces each financial year and wheTC necessary seck to dcvclop systems to monitor and control these risks, lo mitigate any impact which they may have on the future of the charity. ChY4irpersoll's Statement I am pleased to present this year's Trustee Report, refiecting a pcriud of significant development, collaboratio and achievement across our organisalion. The past twelve months have seen our team respond wilh rcsilience and innovation to both opportunities and challenges. and l exlend my sincere thanks lo all staff, volunteers. parthers, and Ttustees for their continued dedication. Key Per50llntl and Staffing Throu£bout the year our core tea Emily, Lis4 Maria and lat¢r. lan. have provided leadership and operational support. We also welcorned three temporary staff members during November and December to assist with increased seasonal activity. Maria Mills departed ACT in September, and w¢ thank her for her invaluable Contributions. W¢ also thank our regular volunteer during the year Laura. and our regular ACT Crew members Rachel and Andy. who have supported our work throughout the y¢ar and contrAbuted to the su¢¢ess of various initiatives. There was increased actlvlty throughout the year around recwitment to support our growing areas of activity. In November 2024, the Tnt appointed Ian Blissett as Community Support and Safety Officer and lan CQDimenced his new role at the beginning of January 2025. Oc¢up&n¢y Occupancy remained consistently high throughout the year, reflecting the growing demand for our services and spaces. Str&t¢gic Partnerships 8Dd Collaborations Wc have actively pursued and devcloped strategic partnerships. notably with Aylesham Heritage. E&st Kent Collcge. Bechange, Social Enterprise Kent, East Kcnt Spatial Development Company, Coalfield Regeneration Trust, Aylesham Parish Council, Espressions Arts, Kcnt Cuunty Council. Futur¢ Foundry and th¢ Association of C.amerados. We have developcd new funding partnerships with The Kcnt Community Foundation. Dover District Council, and Colyer Ferguson Trust. Thcsc Lollaborations have helpcd to enrich our community offer and expanded our operational capacity. Discussions with Bechange regarding a potcnlial merger began in May and continued through the autum supported by a series of Trustee meeting5. Ultimatcly ihe decision was taken by Bechange to pause Ihe process bui the groundwork has bcen done should the opportunity to reconsider evcr arise. EKC officially moved onto the site in July. marking a new phase of collaborative working. Capital Projeets and Renovations Significant progress was made on the Coffee Shop and Kitchen renovation project, viith final works completed in January. This initiative was supported by surKessful funding applicalions to the Rural Prosperity Fund, DCMS, and Kent Community Foundation. Major works took place including creating a new entrance to the front of the main building and the uncovering of ihe original flooring in the ¢ommon room space. We were d¢light¢d to discover that this could be saved as this was not expected. Page 3
Aylesham And District Community Workshop Trust Trusteesl Report Another major project, completed in early 2025, was the lighting upgrades to the Main building, Veranda building and exterior lighting. These workg were extensive and were delivered to timescales and within budget despite thc problems that often arise with retrofitting old buildings. The completion L)f this work means the building is in a better position to meet the new cnvironmental legislation for sustainability that came inlo force in 2025. This requires non-residentif41 buildings to meet stricter energy efficiency standards by January 2027. Other renovations also included asbestos works. redecoration of downstairs spaces. and exlernal lightitig upgTades to the Veranda and Main Building and the completion of the EICR (5 yearly checks) across the site. We extend our thanks to all of the contractOT5 who worked so well with us on thcsc projects. We are especially proud that all of the major works wcre undertaken by local busillesses. following tender processcs. Imd in line with our policy to try and work as locally as possible. A particular 'thank you, ga¢s out to both McaTS and Amey who pmvided time and materials free of chargc that re5ulied in the Common Room, Coffee Shop and Community HQ and Main Hall spaces being redecoratcd (Mears). We also thank the Dulux Dccoralion Centre for their generous donalion ol paints to help with this work. Other external improvcments were also delivered such as laying a new path to the Phconix slatue and clearing and re-surfacing the old boys entrance so it Could b¢ broughi back into Tegular use and pot hoRe filling in the r¢aT car park (Amey), Funding and Grants We were successful in 5ecuTing multiple grants totalling just OV¢T £150,000. including.. . £40.000: RuTal Prosperity Fund (Dover District Coun¢il)- renovation work for the coffee shop & kitchen £49,986.. Department of Culture. Media & Spon & Groundwork UK - lighting and energy efficiency improvements . £13,500: Kent Community Foundalion- Coffee Shop & Kitchen . £1.600'. Community Investment Fund {Dover District Council) - Co-working space • £4,994.. Social Ent¢ry)rise Kent- Creative Coffee Mornings delivered by Espression Arts CIC . £15,000: Colyer Ferguson - Engagement and website upgrade . £25.000: Coalfield Regeneralion Trust - for th¢ Kent Coalfield Community Fund Community Impaet We have held several events and initiaiives: • The Kent Coalfield Community Fund (CRT) and Ayle5ham Community Grant Fund: The collaboration with the Coalfields Regeneration TTUSt to deliver the Keni Coalfjeld Community Fund completed it5 7th year. The Fund provided an annual grant fund of £25.000 from the CRT to 5UPPOrt projects that benefit tbe communities of the Kent Coalfield. ACT adtllinister this fund and also providc our own small grant fund of £5,000 to support community projects. Lal groups that bcncfitted in Ihe year included Kent Miners Museum and Kcnt School of Fashion. . Miners Stsikc 40th Commemoration Evenl Imay): This landmaTk event broughi together generntions of local residents to honour the Icgacy of the mining community. fostering intergenerational dialoguc and pride in local heritage. Dovcr Youih Festival Fringe Activities {Octobcr}: Dclivered in parlnership with Future Foundry, thes¢ activitie5 cngaged young people in ¢r¢alive and cultural experiences, promoting inclusion and aspiralion. Model Railway Event (February): A new major periodic event that attracted families and enthusiasts. strengthening community ties and offering educational value. Community Showcase ai AGM (November).. Feathring contributions from the Coalfield Regen¢Tation Trust and Kate Flannery from ihe Orgr¢av¢ Truth and Jwtice Campaign. this event celebrated local achievements and provided a platforni for community voices. Development of a Memorial for Lawrence Knight.. In colEaboration with his family, we began work on a lasling tribule to a resp¢¢ted community figure, reinforcing our commitmenl to remernbran¢e and local identity. Page 4
Aylesham And District Community Workshop Trust Trustees, Report . Coffee Shop and Kitchen Renovation: Beyond infrastru¢ttire, this project created a ivelcoming space for social inleraction, training, and employment, with recruitment of local peopl¢ into the new roles created. Co-working Space Development: This initiative supports local entrepreneurs, freelancers, and Community groups by providing affordable, accessible workspace, Contributing to economic resilience. • Partnership with Espressions: Through the Winter Well Fund applica¢ion, we initiated a new collaboration aimed at addressing seasonal hardship and promoting wellbeing. • Aylesham Rural Pantry.. This now established ¢ollaboration Continues to deliver a much needed service in the village supporting people through the costf-11vIng Grisis and helping tr) address food waste. These examples reflect our ongoing commitment to making a meaningful differ¢nce in the lives of those serve. Our work this year has had a tangible and positive impact on the lo¢al community, with several initiatives and events contributing to social cohesion, wellbeing, and opportunity. The figures below reflect the scale and reach of our wo, demonstrating our commitment to delivering rneaningful outcomes for the community. Governance And Systems This year we have continued to improve our systems, financial accounting and inforn]ed decision making. The appraisal process for staff was completed in October and will be repeated annually. We took the decision to improve our financial recording and reporting system by investing in Xero. The integration to Xero began in February, following Staff training sessions. A new business plan for the Coffee Shop was developed with support from a local business consultant and Shapes. Lease adjustments with KCC were ¢on¢luded in August. and we explored new collaborations with EKC arowid work experience and community engagement. Marketing and Communications Phase one of our webslte update wa5 completed in August, with further planning for marketing and communications projects initiated in January and a new professional collaboration created with Not Another Marketing Agency who are guiding and supportlng Ihe upgrade project. Key Challenges and Socio-Economic Context This year. our organisation operated within a ¢omplex and shifting socio-economic landscape, which presented several notable ¢hallenge5- Cost of Living Crisis.. The ongoing financial pressures on households impacted both our servi¢¢ users and stsff. Increased demand for community support seyvices, coupled with constrained personal and organisational budgets, required us to adapi quickly and creatively to maintain service delivery. . Funding Competition and Delays: With many charities and community organisations seeking limited fvnding, competilion for grants intensified. Application processes became more rigorous, and delays in fvnding decisions affe¢t¢d project tlmelines and planning ¢¢rtainty. Stsffing PressuTes'. Recruitment and retention were affected by broader labour market challenges, including wage intlation and reduced availability of skilled candidates. This led to extended re¢ruitment period5 and the need for temporary stsffing solutions. Page 5
Aylesham And District Community Workshop Trust Trust$, Report Infrastructure and Maintenance Costs: Rising costs in materials and contractor services impacted our renovation projects, requiring careful budget management and phased implementation to ensure completion without ¢ompromising quality. . Digital Transforn)ation Demands: The need to modernise systems (e.g.. Xero integration. website updates) was accelerated by external expectstions and internal efficiency goals, placing additional pressure on stsff capacity and requiring external support. Desplte these challenges, our team demonstrated remaTkable adaptability and commiknenL ensuring that our strategic goals remained on track and that our community continued to receive hIghU2]ity 5UPPOrt and engagement. tA)oking Ahegd As we move into the next year, our focus will Temain on slrengthening partnerships, enhancing our community offer. and ensuring fmancial sustainability. The successful completion of key projects and the integration of new systems position us well for conlinued growth and impact. On behalf of the Board of TNslees. I thank cveryone involved for their unwavering commitment and look forward to another year of progress and collaboration. Disclosure of inforniation ¢0 independent examiner Each tmstee h&8 taken steps that they ought to have tsken as a tste¢ in order to make themselves aware of any infornjation relevent to the independent examination. and to establish that the ¢harity's independent examiner is aware of that inforniation. The trustees confirnj that there is no relevant infomjation that they know of and of which they know the independent examiner is unaware, Structure? governance and management Nalure ofgoverning docupvenl The wmpany is registered as a charitable company Limited by Guarnntee and w&8 set up by a Memorandum of Association on 16 October 1995. Recruilntenl and appoinlmenl of Irustee The Trust has policies and procedures in place for the reclln induction and training of new trustees. This policy is under review. Orgonisationfjl slruethre The management of the charity is the responsibility of the Trustees who are elected and co-opted under the ternis of the Memorandum and Articles of Association of the company. They forni a board of Director5 which is responsible for the general control of the charity. TrustseslDirectors are volunteers. give their time freely and eive no remuneration or other financial benefits in respect of their voluntary position, save that reasonable eXnSeS {notably travel) may be paid. Trust¢¢sDirectors meet together on a regular basis. Day to day management of the charity and ils assets are delegated to paid stsff and volunteers. The annual Teport w&$ approved by the trustees of the charity on 25 November 2025 atld signed on its behalf by". Page 6
AY1haM And District Community Workshop Trust Trustees, Report SMBottCBE Chairperson Page 7
Aylesham And District Community Workshop Trust Statement of Trustees• Responsibilities The tsvstees (who aTe a]so the directors of Aylesham And District Community Workshop Trust for the purposes of company law) are resnSIble for preparing the trustees, report and the fmancial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom G¢nerdlly Accepted Accounting PrdCti¢e). including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trnstee5 to prepare financial statements for each financial year. UT]der company law the ITUStees must not approve the financlal statemenls unles5 they are satisfied that they give a true and fair vlew of the state of affaiTS of the rharitable company and of ihc incoming resources and application of resources, including its income and expenditure. of the charitabl¢ company for that period. In preparing these financial statements. the trustees are r¢quAred to., select suitable a¢¢ounting policies and apply them consistently. observe the melhods and principles in the Charities SORP. make judgements and estimates ihat are reasonable and prudent" stale whether appli¢abl¢ accounting standards, comprising FRS 102 have been followed, subje¢t to any material departures disclosed and explained in the financial statements" and prepare the financial statements on the going concern basis unless it is inappropriate to presume that tbe charitsble company will continue in business. The trnstees are responsible for keeping proper accounting records thot can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies A¢t 2006. Th¢y are also responsible for safeguarding the assets of the charitsble company and hence for taking reasonable steps for ihe prevention and detection of fraud and other irr¢gularAti¢s. The tn15tees ar¢ responsible for the maintenance and inlegrity of the Corporate and financial inforniation included on the charitable company's website. Legislation governing the preparation and diss¢mination of financial statements may differ from legislation An other jurisdictions. Page 8
Aylesham And District Community Workshop Trust Independent Examiner's Report to the trustees of Aylesham And District Community Workshop Trust ('the Company,) I report to the charity truslees on my examination of the aOuntS of the Company for the year ended 31 March 2025. Re$poDsibilities 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 pr¢paration of the accounts in accordan¢e wllh the requirements of the Companies Act 2006 ('the 2006 A¢t'). Having satisfied myself that the accounts of the Company are not required to be audited und¢r Part 16 of the 2006 Acl and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under se¢tion 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 5e¢tion 145{5)(b) of the 2011 Act. Independent examiner's statement Since the Company's gr055 inrome exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 201 l Act. l ¢onfIm that I am qualified to undertake the examination because l am a member of the Association of Accounting Technicians, which is one of the listed bodies. I have completed my examination. I confirm that no matters have ¢ome to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of Aylesham And District Community Workshop Trust as required by section 386 of the 2006 Act: or 2. Ihe accounts do not accord with those records. or 3. the accounts do not comply wilh fhe accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which 15 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 [appli¢able to charitie5 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 n)atters in COnntIon with the examination to which attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. Martin Roby FFVIAAT Bat¢helor Coop Ltd The New Barn Mill Lane Easty Sandwich CT13 OJW 27 November 2025 Page 9
Aylesham And Distriet Comn)unity Workshop Trust Statement of Financial Aetivities for the Year Ended 31 March 2025 (Including Incon)e and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricttd funds Restricted funds Total 2025 Note Income and Endowments from: Charitable activiti¢s Other trading activities Investment income 188,077 )10.940 4,847 132,888 320.965 110,940 4,847 Total income 303,864 132,888 436,752 Expendithre on: Charitable a¢tivities {276,789) (45,095) (321,884) Total expenditure {276,789} (45,095) (321,884) Net income Transfers between funds 27,075 54,093 87,793 (54,093) 114.868 Net movement in funds 81,168 33,700 114,868 Reconciliation of ndS Total fimds brought forward 316,797 1,980,847 2.297,644 Total funds Cated forward 19 397,965 2,014.547 2,412,512 The notes on pages 14 to 28 form all integral part of these financial statements. Page 10
Aylesham And District Community Workshop Trust Statement of Financial Aetivities for the Year Ended 31 March 2025 (Ineluding Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Total 2024 Note Jncome 8nd Endowments frnm: Charitsble tiVitieS Other trading activities Investment income 160,995 103,982 3,408 3Q,000 190.995 103,982 3,408 Total income 268,385 30,000 298,385 Expenditure on: Raising funds Charitable activities (5.555) (255,548) {5,555) {305,149) {49:601) Total expenditure (261,103) {49,601) {310,704) Net income/{expenditure) Transfers between fund5 7.282 (22,038) (19,601) 22,038 (12.319) Net movement in funds (14,756) 2,437 (12,319) Reconciliation of hnd$ Total funds brought fonvard 331,553 1,978.410 2.309,963 Total funds carried fonvard 19 316.797 1,980,847 2,297,644 All of the charity's activities derive from continuing operations during the above two peTiods. The ndS breakdown is shown in nole 20, The notes on page5 14 to 28 forn] an integral part of these financial stat¢m¢nts. Page 11
Aylesham And District Community Workshop Trust (Registration number: 03114198) Balance Sheet as at 31 March 2025 2025 2024 Note Fixed assets Tangible assets Investments 12 13 1,079,633 1,185,000 ,035,893 1,185,000 2,264,633 2,220,893 Current assets Debtors Cash at bank and in hand 14 15 35,958 300,281 20,158 223,490 336,239 243,648 Creditors: AmouDts falling due wiihin one year 16 {127,006) (119,588) Net eurrent assets 209.233 124,060 Tot#1 aSts less eurrent liabilities 2,473.866 2,344,953 crlIr5. Amounts falling due after more th4n one year 17 {61,354) 2,412.512 (47,309) Net assets 2,297.644 Funds of the charity: Restricted income funds Restrirtd fijnds Revaluation reserve 1,479,547 535,000 1.445.847 535.000 Total restricted funds 2,014,547 1.980.847 Unrestricted income funds Unrestricted funds 397,965 316,797 Tot#1 funds 19 2,412,512 2.297.644 The notes on pages 14 to 28 fonn an integral part of these financial statements. Page 12
Aylesham And District Community Workshop Trust (Registration number: 03114198) Balance Sheet as at 31 March 2025 For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Dire¢tors' responsibilitie5'. The members have not required the charity to obtsin an audit of its accounts for the year in question in accordance with section 476. and The directors acknowledge their responsibilities for complying with the requirements of the A¢t with respect to accounting records and the preparation of accounts. The financial statements on pages 10 to 28 were approved by th¢ trnstees, and authorised for issue on 25 November 2025 and signed on tbeir behAlf by: E Barnes Company S¢¢T¢tary The notes on pages 14 to 28 forni an integral part of these financial statements. Page 13
Aylesbam And District Community Workshop Trust Notes to the FiJ)ancial Statements for tbe Year Ended 31 March 2025 I Charity status The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the tlustees is liable to contribute an amount not ex¢¢¢ding £10 towards the assets of the Charity in ihe event of liquidation. The address of its registered office is: A'ckholÉ Road Aylesham Kent CT3 3AJ These financial statements were authorised for iS5u¢ by the trustees on 25 November 2025. 2 Accounting policie5 Surnm#ry of signifjeant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are sel out below. These policies have bn consistendy applied to all the years presented, unless othenvise stated. Statement of ¢omplianc¢ The fJnancia] ststements have been prepared in accordance with A0tIng and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordonce with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) {issued in October 2019) (Charities SORP {FRS 102)), the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) and the Companies Act 2006. Basis of preparation Aylesham And District Community Workshop TNst meets the definilion of a public benefit entity under FRS 102. Assets and liabilities are initially reCols¢d at historical cost or transaction value unless otherwise stated in the relevant a¢¢oullting policy notes. Going concern The trustees consider that there are no material uncertaintics about ihe charity's ability to continue as a going con¢eTn nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Inton)e and endowments All income is recognised once the charity has entitlement to the income, it is probable that the income will be received, and the amount of in¢om¢ r¢¢eivable can be rn¢asured reliably. Income derived from the provision of goods or services is stated after any discounts and net of VAT. Grants reeeivable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where perforn)ance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheel as deferred income to be released. Page 14
Aylesham And District Community Workshop Trust Notes to the Financial Statements for the Year Ended 31 March 2025 Jnveslment income Dividends are recognised once the dividend has been declared and notifLcation has been received of the dividend due. xpenditure All expendire is recognised once there is a legal or constructivc obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular heading5 they have been allocated on a basis consistent with the use of resource5, With central slaff costs allocated on the basis of time spent. and depreciation charges allocated on the portion of the asset's use. Other support Costs are allocated based on the spread of staff wsts. Rui.singfunds These are costs incurred in attracting voluntary income, the management of investments and Ihose incurred in trading activities that raise funds. Charifable oclivili Charitable expenditure comprises those costs incurred by the Charity in the delivery of it5 activities and service5 for its beneficiaries. It in¢ludes both costs that can b¢ allo¢ated directly to such activities and those costs of an indirect nature n¢Ge$sary to support them. Gron¢provisions Provisions for grayjts are made when the intention to make a grant ha5 been communicated to the recipient but there is un¢ertainty about either the timing of the grant or the amount of grant payable. Support costs Support Costs include Central functions and have been allocated to activity cost categories on a basis consistent with the use of resources. for example, allocating property ¢osts by floor areas, or per capila, staff ¢osts by the time spent and other costs by their usage. Governonce ¢osts These include the costs attributabl¢ lo the Charity's compliance with constitutional and statutory requirements, including audit, strategic management and trnstees meetings and reimbursd expenses. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore il meets the definition of a charitable company for UK cory)oration tax purposes. Accordingly, the charity is potentially exempt from taxation in re5pecl of income or capital gains receivcd within Gategories covered by Chapter 3 Part I l of the Corpordtion Tax Act 2010 or Section 256 of the Taxation ol. Chargeable Gains Act 1992. to the extent that such income OT gains are applied exclusively to charitabl¢ purposes. Tangible fixed issets Individual fixed assets C05ting £500.00 or more are initially recorded at cost. Depreciation and amortis¥tion Depreciaiion is provided on tangible fixed assets so to ivrite off the cost or v&lualion. less any estimated residual value. ovw their expected useful economic life as follows: Pagc 15
Aylesham And District Community Workshop Trust Notes to the Financial Statements for the Year Ended 31 March 2025 Asset class Plant and ma¢hinery Fixtu$ and fittings Freehold property Motor vehicles Leasehold improvements Investment asset Depreei*tion method and rate 250/0 reducing balance 150/0 reducing balance Not depreciated 250/0 reducing balance Straight line over 50 years Not dePlated Investment properties Investment property is carried at fair value. derived from the cuent Maet prices for comparable real ¢state detennined annually by the trustees. The Irustees use obseryable market PriC¢5, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Chang¢s in fair value are recognised in profil or loss. Trade debtors Trade debtois are amovnts due from customers for merchandise sold or servi¢es perfornied in the ordinary urse of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairnient. A provision for the impairnient of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original tern)s of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-temi highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade ereditors Trade creditors are obligations to pay for goods or service5 that have been acquired in the ordinary course of business from suppliers. Accounts payable arc classified &s current liabilities if the charlty does not have an uncondilional righi, at the end of the reporting period, to defer settlement of the creditor for ai least twelve months after the reporting date. If ihere is an unconditional right to defer settlement for at least twelve months after the reporting date. they are presented as non-current liabilities. Trade creditors are Tecognised initially at the transaction price and subsequently measured at amortised Cost using the effective interest method. Page 16
Aylesham And District Community Workshop Trust Notes to the Financial Statements for the Year Ended 31 March 2025 Borrowillgs Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Inter¢5t-bearing bom)wings are subsequently carried at amortised cos¢ with the difference between the proceeds, net of transa¢tion costs, and the amount due on redemption being recognised as a charge to the Statemenl of Financial Activities over the period of the relevant bornTrwing. Int¢r¢st expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the ch8rAty has an unconditional right to defer setilement of the liability for at least twelve months after the retM)rting date. Foreign exchange Transactions in foreign ¢urrencies are recorded at the rate of ex¢hange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at th¢ balan¢e sh¢¢t date are reported at the rales of exchavtge prevailing at that date. The results of oveTseas operations are translated at the averdge rdtes of ex¢hang¢ during the period and their balance sheets at the rates ruling at the balan¢¢ sheet date. Exchange differences arising on translalion of the opening net asset5 and re5ult$ of overseas operalions are reported in other comprehensive income and accumulated in equity (attributed to non-¢ontrolling interests as appropriate), Other exchange diffeTenc¢s are recognised in the Stalement of Financial Activities in the period in which they arise except for: l ) exchange differences on transactions enlered into to hedge certsin foreign Currency risks (see above). 2) exchange differences arising on gains or losses on non-monetary items which are rcwgnised in other comprehensive income; and 3) in the case of the consolidated financial statements, exchange differences on monetary items receivable from or payable to a foreign operation for which settlement is neither planned nor likely to occur (therefore forniing part of ihe net investment in the foreign opeTation). which are r¢cognised in other comprehen5iv¢ incomc and reported under equity. FuDd 5tructhre Unrestricted income funds are general funds that are available for use at the trustees discrction in furtheran¢e of the objectives of the charity. liestricted income fvnds are those donated for use in a parttcular area or for specific purposes, the use of which is Testricted to that area or puryose. Financial instruments Classification Financial assets and financial liabilitie5 ar¢ [tgnised when the rharity bewmes a party to the cfjnlractual provisions of the instrument. Financial Ilabilities and equity instruments are classified according to the substance of the conlractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. Page 17
Aylesham And District Community Workshop Trust Notes to the Financial Statements for the Year Ended 31 March 2025 Recognilion andnasremen¢ All financial assets and liabilities are initially mrasured at transaction price (including transaction costs), except for those financial a55ets classified as at fair value through profit or loss, which are initially measured at fair value (which is nornially the transactiOT] PTice excluding transaction costs). unless the arrangernent constitutes a financing transaction. If an arrangement constitht¢s a financing transaction. the financial &%set or financia] liability is measured at the presenl value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset in the ststement of financial position Whe and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derccognised when and only when a) the contractual rights to thc cash flows from the financial asset expiTe or are settled. b) the charity trdnsfers to another party substantially all of the risks and rewards of owlership of the fjnancial asseL or c) th¢ charity. despite having retained some. but not all, significant risks and r¢ward5 of ownership. has transferred control of the asset to another party. Financial liabilitie5 art der¢wgnis¢d only when the obligation specified in the contract is discharged. cancelled or expire5. Debt Inslruntents Debt instruments which meet the following condltions are subsequently measured at amortised cost USlDg the effective interest Method: (a) The contractual return lo the holder is (i) a fixed amount. (li) a positive fixed rate or a positive variable rate- or (iii) a combination of a positive or a negative fixed rate and a positive variable Tate. (b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt inslrnment is denominated, provided such links are not leveraged. (c) The contract may provide for a detrmiinable variation of the return to the holder during the life of the instrnment. provided that (i) the new rdte satisfies condition la) and the variation is not contingent on filture events other than {1) a change of a contractual variable rale- (2} to protect the holder against Credit deterioration of the issuer" (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law" or (li) the new rate is a market rate of interest and satisfies condition (a). (d) There is no conlrdctual provislon that could, by its ternis. result in the holder losing the principal amount or any interest attributable to the current period or prior periods. (e) Contractual provisions that pemiit the issuer to prepay a debt instmment or permit the holder to put it back to the issuer before maturity are nol contingent on tUre events. other than to prolect the holder against the credit deteriordtion of the issuer or a change in conlrol of ihe issuer, or to protect the holder or issuer aInst changes in levies applied by a central bank or arising from Ghang¢s in relevant taxation OT law. {fj Contractual provisions may perniit the extension of the terni of the debt instrument, provided tbat the r¢turn to the holder and any other contractual provision5 applible during the extended temi satisfy the conditions of paragraphs (a) to (¢). Page 18
Aylesham And District Community Workshop Trust Notes to the Financial Statements for the Year Ended 31 March 2025 Debt instrum¢nts that are Classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the OT other consideration expected to be paid or received, net of impainnent. With the exception of some hedging instruments, oth¢r debt instruments not meeting these conditions are measured at fair value through profit or loss. Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impainnent. Inweslments Investments in non-¢onv¢rtible pr¢feTence shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair valu¢ is reliably me&8urable) are measured at fair value through profit or loss. Wher¢ fair value cannot be measured reliably, investments are measured at cost less impaiment. tnveslments in subsidiaries and associates are measured at cost less impaim]ent. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shaTes issued plus fair value of other consideration. Any premium is ignored. Derivativefittancial inslrumenls The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes. Derivatives are initially recognised ai fair vaIue at thc date a derivative ¢onlra¢t is entered into and ar¢ subsequently r¢m¢asured to their fair value at each reporting date. The resulting gain or loss is re¢ognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument. in whi¢h event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship. Fair value measuremenr The best evidence of fair value is a quoted price for an identical &8set in an aotive market. Ivhen quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair valve as long as there has not been a Significant change in economi¢ ¢ir¢umstances or a significant lapse of time since th¢ transaction took place. If the market is not active and recent transactlons of an identical asset on their own are nol a good estimate of fair value, the fair value is estimated by using a valuation teGhniqu¢. 3 Income from chArit2ble activities Unrestricted funds General RestTlet¢d fund$ Total funds Charitsble activities 188,077 132,888 320,965 Total for 2025 188,077 132,888 320,965 Total for 2024 160.995 30,000 190,995 Page 19
Aylesham And Distriet Community Workshop Trust Note5 to the Financial Statements for the Year Ended 31 March 2025 4 Income from other tr4dlDg getivities Unrestritted funds General Total funds Property rental income 110,940 110,940 Total for 2025 110,940 110,940 Tot41 for 2024 103,982 103,982 5 Investment income Unrestricted funds General Tot21 2025 Total 2024 Interest Teceivable and similar income; Infrr¢st re¢¢ivable on bank deposits 4,847 4,847 3,408 Unrestricted funds General Total lunds Interest recelvable and similar income. Infrrest receivable on bank deposits 4,847 4.847 Total for 2025 4,847 4,847 Tot*1 for 2024 3,408 3,408 Page 20
Aylesham And District Community Workshop Trust Notes to the Financial Statements for the Year Ended 31 Mareh 2025 6 Expenditure on charitable activitie8 Unrestritted funds Gencral Restricted ds Total funds Note Charitable a¢tivities Grant funding of aclivilies Allocated support ¢osts Governance costs 245,236 (500) 11.371 20.682 42,181 {1,169) 4,083 287.417 {1,669) 15,454 20,682 Tolal for 2025 276.789 45,095 321.884 Tolal for 2024 255,548 49.601 305,149 7 Analysis of governance and support costs Governance costs UDre5tricted funds General Total funds Staff costs Other staff costs Allocated support costs 261 20.421 261 20,421 Total for 2025 20,682 20,682 Total for 2024 15,139 15,139 8 Grant-making Analysis of grants Grants to institstions 2025 2024 AnAIysis Grant5 awarded (1,669) 27,934 The support costs as50riat¢d with grant-making are £Nil (31 March 2024 - £Nil). Page 21
Aylesham And District Community Workshop Trust Notes to the Financial Statements for the Year Ended 31 Mar¢h 2025 Below are details of material grants made to institutions 2025 2024 Name of institution A&SWWS Ayle5ham & Snowdown Bowls Ayl¢sham Arts Club Aylesham Heritage Aylesham Scouts Group Bechange Betteshangar Colliery Welfare Betteshangar Bowls Club Bettehangar Colllery Welfare Band Chislet Colliery Welfare E&E Heritage Group E&E Village Hall Elvington Community C¢ntre Green Howards Hillside House Allotment Kent Community Coal Court Kent Miners Kent School of Fashion Mongeham Pship Group Snowdown Colliery RFC Snowdown Colliery Welfare Band Snowdown Maje Voice Choir Woodpecker Court Activity Charitable activities Charitable activities Charitable adivities Charitable activities Charitable activities Charitable activitie5 Charitable athivities Charitsble activities Charitable activities Charitable activities Charitable activitie5 Charitable activities Charitable activities Charitable a1VItIeS Charitsble activities Charitable activities Charitable activities Charitable activities Charitable a¢tivities Charitable activities Charitable activities ChaTitable activities Charitable activities (1,000) 2,194 304 1,531 225 (23) (500) 5,568 1.440 3,322 899 500 2,100 2,302 (I,000} 500 3,200 (4,125) 2.979 1,133 (48} 200 4.429 1.866 (1,731 27,934 {1.669) 9 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any other benefits from the chartty during the year. Page 22
Aylesham And District Community Workshop Trust Notes to the Financial Statements for the Year Ended 31 March 2025 10 Staifcosts The monthly average number of peTsoll5 {inGluding senior management I leadership team) employed by the charity during the year expressed as full time equivalents was as follows: 2025 No 2024 Average number of employees No employee received emoluments of more than £60,000 duriTJg the year. 11 Taxatiott The charity is a registered charity and is therefore exempt from taxation. 12 Tangible fixed assets Land and buildings Furniture and equipment Other tsngible rixed asset Motor vehicles Total Cost At l April 2024 Additions 426,790 230,521 84,323 5,350 1.297.713 1,960,374 At 31 Mah 2025 426,790 314,844 5,350 1,297,713 2,044.697 Depreciation At l April 2024 Charge for the year 219.557 14,540 4,992 89 699,932 25,954 924,481 40,583 At 31 Mar¢h 2025 234.097 5,081 725,886 965,064 Net book value At 31 Mar¢h 2025 426,790 80.747 269 571,827 1.079,633 At 31 March 2024 426,790 10,964 358 597,781 1,035,893 Page 23
Aylesham And Distriet Community Workshop Trust Notes to the FinancAal Statements for the Year Ended 31 March 2025 13 Fixed asset inva8tments 2025 2024 tnvestment prop¢rti¢s 1,185,000 1,185,000 Inveslment properties Investment properties Cost or Valuation At l April 2024 1,185.000 Provision At 31 March 2025 Net book value At 31 March 2025 1.185,000 At 31 March 2024 1,185,000 The Investment properties were subject to a f0rn121 valuation by an independent valuer in NovembeT 2023. The trustees consider that the fair value of investment properties would not have been materially different to this valuation at the Balance Sheet date. 14 Debtors 2025 2024 Trade debtors Prepayments Other debiors 32,759 2,023 1,176 14,942 1,905 3,311 35,958 20.158 15 Cash #nd ¢a$h equivalents 2025 2024 Cash at bank 300,281 223,490 Page 24
Aylesham And District Community Workshop Trust Notes to the FinaneiaI Statements for the Year Ended 31 March 2025 16 Creditors: Amounts falling due wfithln one year 2025 2024 Bank loans Trade creditOT5 Other loans Other taxation and social security VAT Other creditors Accruals 24,129 7,898 8,326 2,695 io.oio 62,370 11,578 22,515 4,764 17,238 67.913 7,158 127,006 119.588 17 Creditors: amounts falling due after one year 2025 2024 Bank loans Other loans 23,180 38,174 47.309 61,354 47,309 18 Pension and other sthemes Defined contribution pension scheme The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the Gharity lo the scheme and amounted to £3,8J6 {2023 - £4,000). Page 25
Aylesham And District Community Workshop Trust Notes to the Financial Statements for the Year Ended 31 March 2025 20 Related party transaetions During the year the charlty made the following related party transactions: S Manion (one of the trustees) During the year the company charged rent and utilities of £4,740 (2024 - £4,740) to a business operated by S Manion. These transactions were carried out al aTrn5 l¢ngth on nornial commercial tern]s. At the balance sheet date the amount due from S Mlon was £660 {2024- £360). Beeh2nge (a company in which A Dogget is the manager and J Flaig is a Trustee) During the year the company charged rent and utilitTe5 of £1 0,601 (2024 - £11,550) and awarded grant funding totalling £Nil (2024 - £5,500) to Be¢hange. Although the rent is not charged at a commercial Tate these transactions were carried out at arnis length in accordance with the charity's objects During the y&qr the company obtained services from B¢¢hange totslling £714 (2024 - £948).. At the balanGe sheet date the amount due from Bechange was £2,770 (2024- £4,444 due to). BAtchelor Coop Ltd (thc independent examiner) Durlng the year the company charged rent of £3,900 (2024 - £3,900) to Batchelor Coop Ltd. These transactions were carried out at arnis length on nonnal cornmercial ternis. At the bance sheet date the amount due to Batchelor ap Ltd wa5 £348 (2024 - £288). Page 27
Aylesham And District Community Workshop Trust Notes to the Financi¥41 Statements for the Year Ended 31 March 2025 21 Analysi5 of net assets between funds Unrestricted Total funds 31 March 2025 GeDeral Restricted Tangible fixed assets Fixed asset investments cUent assets Current liabilities Creditors over l year 168,619 911,014 1,185,000 34.047 (54.161) (61,354) 1,079,633 1,185.000 336,239 (127,006) (61,354) 302,192 (72,845) Total net &ssets 397,966 2,014,546 2,412,512 Unreslricled Total funds 31 March 2024 General Restricted Tangible fixed assets Fixed asset investments Current assets CueTht liabilities Creditors over l year 175.121 860,772 1,185,000 27.001 (44,616) (47,309 1.035,893 1,185,000 243,648 (119,588) {47,309) 216,647 (74,972) Total net assets 316,796 1,980,848 2,297,644 Page 28