2022-08-31-accounts - The Hastings Community Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Page
Legal and administrative		information
Trustees' report			2-9
Statement of	trustees'	responsibilities	IO
Independent	auditors	report	I I-I3
Statement of	financial	activities	l4
Balance sheet			I5- I6
Cashflow statement			l7
Notes to the	accounts		I8-32

Trustees			Martin Clarke	(Chair)	(Chair)	(Chair)
			Fiona Webb up		to	April 2022
			Natalie Williams
			Ollie Dyer
			Andrea Harwood			up to May 2022
			Paul Rackstraw		from May 2022
Company	members		Paul Mann
			Steve Young
Elders			Paul Mann
			Steve Young
			Sam Akrasi
			Aled Cousins	up to December 202I
Charity number			108I252
Company	number		3990390
Registered	office		Hastings Centre
			The Ridge
			Hastings
			TN34 2SA
Senior statutory		auditor	John Thacker	FCA DChA
			Chariot House
			44 Grand Parade
			Brighton
			East Sussex
			BN2 9QA
Solicitors			Griffith Smith
			47 Old Steyne
			Brighton
			BNI INW
Bankers			Barclays Bank	Plc
			South East Sussex			Group
			PO Box78
			TN34 IZA

							12 months
			Unrestricted	Designated	Restricted	Total	to 31 August
		Notes	fundsf	fundsf	fundsf	2022f	2021f
Income and endowments	from:
Donations and legacies			437,642	35,592	210,062	683,296	720,628
Charitable Activities			10,457			10,457	383
Other trading activities			440,716			440,716	314,674
Investments Total Income and endowments			67 f888,882	f35,592	f210,062	67 f 1,134,536	132 f 1,035,817
~Edit 0
Raising Funds			330,589			330,589	348,797
Charitable activities:
Church			400,087	1,574	13	401,674	387,383
Community			89,221	15,413	74,428	179,062	124,084
Mission			111,863	19,157	217,093	348,113	197,497
Total charitable expenditure			601,171	36,144	291,534	928,849	708,964
Total Expenditure			931,760	36,144	291,534	1,259,438	1,057,761
Net Income/(expenditure)			(42,878)	(552)	(81,472)	(124,902)	(21,944)
Transfers between funds			f44,148	f(37,173)	f (6,975)
Net movement in funds			1,270	(37,725)	(88,447)	(124,902)	(21,944)
Fund balances at 31 August	2021		f1,144,926	f422,762	f 306,920	f1,874,608	f 1,896,552
Fund balances at 31 August	2022		f1,146,195	f385,038	f218,473	f1,749,706	f 1,874,608

						Notes	2022		2021f
Fixed assets
Tangible assets						10		1,750,949		1,787,812
Investments						10
Current assets
Debtors						12	102,024		141,727
Cash at bank and		in hand					567,064		699,547
							669,088		841,274
Creditors: amounts			falling	due within
one year						13	(80,891)		(131,522)
Net current assets								588,197		709,752
Total assets less		current liabilities						2,339,147		2,497,565
Creditors: amounts			falling	due after
more than one year						14		(589,441)		(622,957)
Net assets								61,749,706		f'. 1,874,608
Income funds
Restricted funds						16		218,473		306,920
Designated funds						17		385,038		422,762
Other charitable	funds							1,146,195		1,144,926
								61,749,706		E 1,874,608
The accounts were approved				by the Board on	if	May 2023

						2022		2021
					Notes
Fixed assets
Tangible assets					10		1,750,949		1,787,812
Investments
Current assets
Debtors					12	102,678		166,284
Cash at bank and		in hand				526,916		646,974
						629,594		813,258
Creditors: amounts			falling	due within
one year					13	(72,522)		(110,879)
Net current assets							557,072		702,380
Total assets less		current		liabilities			2,308,022		2,490,193
Creditors: amounts			falling	due after
more than one year					14		(589,441)		(622,957)
Net assets							1,718,581		F 1,867,235
Income funds
Restricted funds					16		218,473		306,920
Designated funds					17		385,038		422,762
Other charitable	funds						1,115,071		1,137,553
							1,718,581		E 1,867,235

				2022	2021
				6	6
Cash flows from operating	activities:
Net Income/(expenditure)				(124,902)	(21,944)
Adjustments for:
Depreciation				46,110	45,925
(Increase)/Decrease in Debtors				39,703	(13,915)
Increase/(Decrease) in Creditors				(50,631)	27,228
Net cash generated from operating		activities		(89,719)	37,294
Cash flows from Investing activities: Purchase of tangible fixed assets				~9,247	~45,455
Net cash used in investing	activities			(9,247)	(48,455)
Cash flows from Financing	activities:
Repayment of Bank Loan				(33,516)	(6,938)
Net cash used in financing	activities			(33,516)	(6,938)
Net increase/(decrease) in	cash and		cash equivalents	(132,483)	(18,099)
Cash and cash equivalents	at beginning		ofyear	699,547	717,646
Cash and cash equivalents	at end of		year	567,064	699,547
Analysis ofchanges in net debt
Cash and cash equivalents
Cash at bank and in hand				567,064	699,547

			Unrestricted	Designated	Restricted	Total	Total
			funds	funds	fundsf	2022f	2021f
Donations and Legacies			K437,642	E35,592	K210,062	6683,296	f720,628
Donations	and Legacies
Unrestricted	funds:
Weekly and	monthly	offerings				371,398	387,819
Tax repayments						66,105	72,604
Grants and	other income					139	69,167
						6437,642	E529,590
Designated	funds:
Weekly and	monthly	offerings and giR days				34,485	(95,076)
Tax repayments						1,107
Grants and	other income
						635,592	E(95,076)
Restricted	funds:
Weekly and	monthly	offerings				150,808	172,470
Tax repayments						13,468	13,182
Grants and	other income					45,786	100,462
						E210,062	f'.286,114

Income	from Charitable Activities
		Unrestricted	Designated	Restricted	Total	Total
		funds	funds k	'funds 6	2022 6	2021f
Income	from activities to
further	charity's objects	E10,457			610,457	f.383

Unrestricted
Book sales		2
Regular activities	3,210	381
Special events	7,247	0
	610,457	L383

	4	Income	from other Trading	from other Trading	from other Trading	from other Trading	Activities	Activities
										Unrestricted	Designated	Total	Total
										funds E	funds	2022	2021f
		Trading	Activities		- Hastings		Centre			K 440,716		6440,716	6314,674
	5	Income	from Investments
												2022	2021f
		Investment		receivable		- unrestricted		fund				67	132
		Investment		receivable		—designated		fund					0
												K67	6 132
6		Expenditure
									Staff	Depreciation	Other	Total	Total
									costs		costs	2022	2021
										E	6	K	E
		Costs of		Raising funds
		Costs of	activities		to raise funds				200,149	18,594	111,846	330,589	348,797
		Charitable activities
		Church
		Activities		undertaken		directly			89,714	4,010	25,913	119,637	155,330
		Support	costs						212,038	14,685	55,315	282,038	232,054
		Total							301,752	18,695	81,228	401,675	387,384
		~C
		Activities		undertaken		directly			114,551	5,413	17,702	137,666	92,221
		Support	costs						21,361	1,103	18,931	41,395	31,862
		Total							135,912	6,516	36,633	179,061	124,083
		Mission
		Activities		undertaken		directly			1,696	100.00	307,952	309,748	166,696
		Support	costs						30,729	2,205	5,431	38,365	30,801
		Total							32,425	2,305	313,383	348,113	197,497
									470,089	27,516	431,244	928,849	708,964
									670,238	46,110	K543,090	K 1,259,438	E 1,057,761


Institutions:						2022
						E
Ashburnham	Christian		Trust			565
Newground	(NF Kent		&Borders)			20,000
Jubilee+						1,200
Transforming	lives for		good (TLG)			900
Trussell Trust						360
CAP						3,336
Transom Trust						2,262
Total						28l, i~2K
Trustees
The following	related	party transactions		were made during	the period:

The average	monthly number ofemployees during the period was:
		2022	2021
		Number	Number
Direct charitable		10	11
Direct (Hasting	Centre Trading)	10	10
Administrative		22	17
		42	38
Employment	costs
		2022	2021
			E
Wages and salaries		589,383	539,583
Social security	costs	41,935	38,380
Other pension	costs	38,920	33,343
Ex-Gratia payments			14,781
		670,238	6626,087

Tangible fixed assets
	Freehold		Plant and	Fixtures,	Total
	Property		equipment	fittings and
				office
				equipment
				E
Cost
At 1 Sept 2021	2,646,588		325,966	57,884	3,030,438
Additions	9,247				9,247
At 31 August 2022	2,655,835		325,966	57,884	3,039,685
Depreciation
At 1 Sept 2021	858,776		325,966	57,884	1,242,626
Change for the year	46,110				46,110
At 31 August 2022	904,886		325,966	57,884	1,288,736
Net book value
At 31 August 2022	E1,750,949	E			E1,750,949
At 31 August 2021	f 1,787,812				f 1,787,812

	The year end Net C	The year end Net C	urr	ent Asset position was f1.
12	Consolidated
	Debtors				2022f	2021f
	Trade debtors				102,024	141,727
					E102,024	E 141,727
	Hastings	Community		Trust
	Debtors				2022f	2021f
	Trade debtors				80,547	85,286
	Owed by	Subsidiary	company		22,131	80,998
					E102,678	E 166,284

Creditors:	amounts	falling due within one year
			2022	2021
			E	E
Bank loan			48,120	50,216
Interest free loans				7,000
Trade creditors			8,626	56,556
Taxes and social security costs			12,010	2,356
Accruals			12,135	15,394
			E80,891	E 131,522
Hastings	Community	Trust
			2022	2021
			E	E
Bank loan			48,120	50,216
Interest free loans				7,000
Trade creditors			6,230	28,235
Taxes and social security costs			12,037	(16)
Accruals			6,135	25,444
			E72,522	E 110,879
Creditors: amounts		falling due after more than one year
			2022	2021
			E	E
Bank loan			577,441	610,957
Interest free loans			12,000	12,000
			E589,441	E622,957
Analysis	ofloans
Bank loan			625,561	661,173
Interest free loans			12,000	19,000
Total repayable			E637,561	E680,173
Amounts	due after more than 5years		384,961	410,095
Amounts	due with 2 to 5years		204,480	212,863
Repayable	after more	than one year	E589,441	E 622,957
Amounts	due within one year		48,120	57,216
			E637,561	E680,173

Comparativ	e	figures	for	Re	stricted Funds
								Movement	offunds
						Balance at	Incoming	Resources		Transfers	Balance at
						1 Sept 20	resources	expended			31 August
											2021
ESCC Defra							57,227		(48,804)		8,423
Bexhill Fund							2,500				2,500
EFT Fresh	Food Grant						6,050		(5,674)	(376)
Venues						108,814	32,571		(41,523)	(50,000)	49,863
Community	Action		Hub			97,059	31,590		(3,452)	(125,197)
Orissa
Hastings Furniture			Services			114			(114)
Dragonflies						29			(59)	30
Baby Basics						8,802	2,652		(2,898)		8,555
Bootfairs						487					487
MacMillan	Nurses					48					48
Children's	Work					2,390					2,390
StLeonards		Community		Group		405	3,100		(460)		3,045
Mumbai Children's			Centre			17,210	8,111				25,320
Newground						139					139
Link Lunch						1,000.00					1,000
Youth						1,271.00					1,271
Anti-Trafficking						1,231	10		(461)		780
Discovery	Anti-Trafficking					1,643					1,643
Association	ofCarers						518				518
Foodbank						57,637	133,000		(74,638)	(2,204)	113,795
Foodbank	Covid					18,504	308		(2,842)		15,971
FBActs 435						610	120				730
Philippines							500			13,000	13,500
Foodbank	Crisis Fund					5,000	2,047		(304)		6,743
Defra Grant						1,772	0		(1,536)		235
Social Action		Defra	Admin		Grant	7,541	0		(7,737)	196
Social Action		Covid				18,246	2,808		(6,089)		14,965
Social Action		Gift Day				33,936	2,994		(2,091)		34,839
Community	Engagement					2,345			(2,698)
Ghana						160					160
Xtrax						3,028			(3,100)
						E389,421	E 286,114	f:(204,480)		E(164,135)	E306,920

							Movement	offunds
					Balance at	Incoming	Resources		Transfers	Balance at
					1 Sept 21	resources	expended			31 August
										2022
										E
ESCC Defra					8,423			(8,423)
Bexhill Fund					2,500				(500)	2,000
Venues					49,863	13,409		(24,300)	(522)	38,450
Baby Basics					8,555	2,185		(3,591)		7,149
Bootfairs					487					487
MacMillan Nurses					48					48
Children's Work					2,390			(290)		2,100
St Leonards Community			Group		3,045	107		(3,151)
Mumbai Children's		Centre			25,320	2,201		(4,052)		23,470
Newground					139	125		(7,000)	7,000	264
Link Lunch					1,000			(234)		766
Youth					1,271			0		1,271
Anti-Trafficking					780	57.75		(715)		122
Discovery Anti-Trafficking					1,643			(270)		1,372
Association of Carers					518	1,744		(2,309)	47
Foodbank					113,795	90,863	(136,453)		1	68,206
Foodbank Covid					15,971			(14,271)		1,700
FBActs 435					730					730
Philippines					13,500	3,292		(28,500)	12,000	292
Foodbank Crisis	Fund				6,743	1,200		(3,129)		4,814
Defra Grant					235			(235)
Social Action Covid					14,965	373		(1,430)	(6,000)	7,907
Social Action Gift Day					34,839	68		(2,300)		32,607
Ghana					160					160
Welcome Berlin						3,000		(3,000)
CSL Donation						200				200
Cousins Philippians						2,379		(7,150)	10,648	5,877
Mission GD 2022						46,967			(46,967)
Ukraine						1,680		(19,000)	17,320
HVA Small Grants						2,000		(2,000)
Household Support						15,950		(15,950)
ESCC Household		Support		Income May2022		6,513				6,513
EFT Household	Support		May2022			15,750		(3,782)		11,968
					L 306,920	E210,064	E(291,535)		E (6,975)	E218,473

Designated funds:
Comparative figures for Designated	Funds
		Movement offunds
		Balance at	Incoming	Resources	Transfers	Balance at
		1 Sept 20	resources	expended		31 August
						2021
Relief		2,058		(1,682)	20,000	20,376
One-Off Gifts		148,785	(112,777)		(9,865)	26,143
Poor		120		(1,200)	3,000	1,920
Funds Transfer					59,865	' 59,865
Social Action		23,140	8,055	(24,119)	1,905	8,981
Foodbank		2,446			(2,446)
Social Projects		10,573				10,573
Overseas mission		3,564		(8,287)	10,800	6,078
Tithe Gift Day CAH 10%		2,945	3,452		(6,397)
Capital/Contingency		123,307	148		338	123,793
Building development		107,142	6,372		50,792	164,307
Tithe on Venues @10%		4,744	3,297		(7,312)	729
Tithe on Social Action GD @10'/		3,714	(3,623)		(91)
		432,537	(95,076)	(35,288)	120,589	422,762

These are designated	by the Trustees for particular	purposes.
	Movement offunds
	Balance at	Incoming	Resources	Transfers	Balance at
	1 Sept 21	resources	expended		31August
					2022
Relief/GOLF	20,376	5,410	(1,848)		23,937
One-Off Gifts	26,143	5,800		(10,343)	21,599
Poor	1,920		(1,200)		720
Funds Transfer	59,865		0	(28,322)	31,543
Social Action	8,981	12,424	(25,596)	4,800	610
Social Projects	10,573	8,000			18,573
Overseas mission	6,078		(6,000)	5,000	5,078
Capital/Contingency	123,793	12			123,805
Building development	164,307	1,483	(1,500)	(8,308)	155,982
Tithe on Venues @10%	729	2,463			3,192
	f422,762	6 35,592	E(36,144)	E(37,173)	E385,038

Analysis ofnet assets between funds	Analysis ofnet assets between funds
		Unrestricted	Designated	Restricted	Total
		funds	funds	funds
		K	K	K
Fund balances at	31 August 2022 are
represented by:
Tangible fixed assets		1,750,949			1,750,949
Current assets		65,578	385,038	218,472	669,088
Creditors: amounts	falling due within one
year		(80,891)			(80,891)
Creditors: amounts	falling due aRer more
than one year		(589,441)			(589,441)
		K1,146,196	K385,038	K218,472	K1,749,706

Comparative figures for S	tatement ofFinancial	Activities
		Unrestricted	Designated	Restricted	Total
		funds	funds	funds	2021
		K	K	K	K
Income and endowments	from:
Donations and legacies		529,590	(95,076)	286,114	720,628
Charitable Activities		383			383
Other trading activities		314,674			314,674
Investments		132			132
Total Income and endowments		K 844,779	K(95,076)	K286,114	K1,035,817
Ex enditure On:
Raising Funds		348,797			348,797
Charitable activities:
Church		383,178	4,185	20	387,383
Community		39,664	884	83,536	124,084
Mission		46,354	30,219	120,924	197,497
Total charitable expenditure		469,196	35,288	204,480	708,964
Total Expenditure		817,993	35,288	204,480	1,057,761
Net Incomei(expenditure)		26,786	~230.364	01,634	~21.944
Transfers between funds		43,545	120,589	(164,135)
Net movement in funds		70.331	~0,775)	(82,501)	~21,044)
Fund balances at 31 August	2020	K1,074,594	K432,537	K389,421	K1,896,552
Fund balances at 31 August	2021	K1,144,926	K422,762	K306,920	K1,874,608