Charity Registration No. 1081252 Company Registration No. 3990390 (England and Wales) THE HASTINGS COMMUNITY TRUST TRUSTEES, REPORT AND ACCOUNTS FOR THE 12 MONTHS ENDED 31 AUGUST 2024
THE HASTINGS COMMUNITY TRUST CONTENTS Page Le1 and admini5tratlve Information Trustees, report Statement of tru5tees' responsib511ties 10 Independent audltors report Statement of financial actNities 14 Balance sheet 15-16 Cashflow ststement 17 Notes to the accounts 18-31
THE HASTINGS COMMUNITY TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Martin Clarke (Chalr) Natalie Williams Oliver Dyer Paul Rackstrnw Ellzabeth Nevey Company members Paul Mann Steve Young Elder5 Paul Mann Steve Young Sam Akrasi 14ul Edworthy Richard Wilson Charlty number 1081252 Company number 3990390 Registered offlce Hastings Centre The Ridge Hastings TN34 2SA Senlor statutory audltor Shona Wardrop CA (Senlor Statutory Auditor) Chariot House 44 Grand Parade Brighton East Sussex BN2 9QA Solicitors Griffith Smlth 47 Old Steyne Brighton BNI INW Bankers Barclays Bank PIC South East Sussex Group PO Box 78 TN34 IZA
THE HASTINGS COMMUNITY TRUST TRUSTEES, REPORT FOR THE 12 MONTHS ENDED 31 AUGUST 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT The trustees, who are also directors for the purpose of company law, who served during the period were: Martln Clarke (Chair) Natslie Wllliam5 Oliver Dyer Paul Rackstraw Elizabeth Nevey Recrultment and appointment of trustees The director5 of the company are also charity trustees for the purposes of charity law and under the company's articles are known as trustees. The artlcles stipulate that a trustee must be aged IB or over and acknowledge to the satisfactlon of the trustees hls or her acceptance of, and belief In, the Statement of Faith. New trustees must be recommended by the exlsting trustees. Trustees may not receive any remuneration for being a trustee other than professlonal servlces provlded as permitted by the articles. In practice trustees provide their servlces free of charge. In the event that any charge was made this would be noted in the accounts. The charity operates under the name of King's Chlsrch 1066 (prevlously King's Church Hastings and Bexhill). The members of the charity must be members of King's Church 1066. New members can only be admitted with the approval of the trustees and other members. In pracuce, the members are drnwn from the elders of King's Church. subject to there being no confllct with other roles they fulfil. Trustees are recruited from member5 of King's Church of several years. st2ndlng. They are ch05en for their abllity to contribute to the efficient and effective management of the charity's business. Skllls presently represented include managemenL commerce, property. englneerin& law and communications. The trustees are alert co the need to expand thelr sklll base as and when consldered appropriate. Trustee induction and tralning Being appOind from members of King'5 Church, new trustees already have a relatlonship with the exlstlng members and trustees. They are Invlted to read previous minute5 to familiarise themselves with the manner In which the Hastings Communlty Trust operates. They brlng their own skills to the trustee board and are encouraged to exydnd these on an ongoing basis. Future new trustees will be requSred to familiarise themselves with the Charity Commission guldance via "The Essential frustee" Regular updates from Charlot Housq provide opportunlties for training seminars to which all our trustees have access. Risk management The trustee5 review the range of rlsks co whlch the charlty Is exposed in areas such a5 premlses, chlldren's and young people'5 work pastoral. finance, reputation. data sharin& health & safety, and outreach. Advice is taken from church members in these areas as well as from the charity'5 accountants and other professional adviser5. Policie5 for safeguarding children 2nd vulnerable adults are published and are implemented. Financial management systems for cash handling and the authorisation of transattions are in place. Each area is subject to periodic review by comparison with best practice. Appropriate insurance is in place, via brokers competent in thls field, to protect the interests of the charity, its employees and trustees. The trustees and senlor manager5 make regular reviews of our risk register to assess current rkS and identify new risks. Control measures are then established to mitigate the risks accordlngly. Pay and remuneration The pay and remuneration of all staff is reviewed by the trustees on an annual basis.
THE HASTINGS COMMUNITY TRUST TRUSTEES, REPORT (CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST 2024 Organlsational Structure Trustees Meetlngs are held five times a year in which reports are recetved. as appropriate, from trustees andlor senior management team according to their areas of speciali5ation. When necessary, subgroups are formed tr) address issues uslng church members and others, who are not trustees. but have specialised knowledge and 5kn11s. An example is the safeguarding team. A trustee Is deslgnated to oversee the work of each subgroLtp. Elders (member5) The elders exercise day-to-day management of church affalrs, SUPPOrted by the senlor management team. Although prlmarily spiritual, their leadershlp role encompasses the whole range of church 2Ctlvlties. Senior management team The senior managernent team Is comprlsed of two of the elders. the operations director and the finance director. They are responslble for the following areas.. church activities and events. pastoral support, human resources, admlnlstratlon, finance, and the management of Ha5tings Centre Trading Ltd. Review meetings are held weekly offerlng the elders, 5enlor management. core leaders and other staff the opportunity to review activities, pray and share particular needs and concerns. Related parties King's Church 1066 is part of New Ground (www.newgroundchurches.org), which has developed out of Newfrontlers (www.newfrontlerstogether.org), a worldwide famlly of churches with whom Klng's Church relates at various levels. Internatlonally there are over 1,500 NerOntIerS related churches in over 80 nations throughout the world. Nationally as part of over 250 UK churche5 involved in mission, outreach and disclpling. Regionally, by regular meetings with church leaders and other lolnt ventures. Locally worklng relationally wlth other churches. Klngs Church 1066 Is a member of the Evangelical Alllance, an association of mainstream UK Evan8ellcal churches. www.ea.or8.
THE HASTINGS COMMUNITY TRUST TRUSTEES, REPORT (CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST2024 OBJECTIVES AND ACTIVITIES The objectives of the charity (which is a public benefit entity) are to: advance the Christian faith by such means as the charity shall deterniine from time to time relieve persons who are in condition of need, hardship or dtresS educate and assist young people through their leisure time activtties to develop their physical. mental and spiritual capacity advance education in family life, in marriage and family relationship& and advance Christian religious education and training. Attivitie5 undertaken in seeking to achieve these objettive5 includ Church Sunday meetings Chlldren Youth Newday Discipleship groups Mid-week church life Communi Hope at Kin¥s Link-up Totz Klub Baby Basics Reflert CAP Mission Hastings Centre Alpha Overseas New FrontierslNew Ground Foodbank Connert Group5 Restore (formerly Anti- Human Trafficknng) TLG (Transforming Lives for Good) Warm s Transom Trust ce These have been formulated regarding the Charlty Commi£slon's guld2nce' generally• on public benefit and specifically on the advancement of religion. Achievements and performance Details of the activities undertaken in pursUIt of the objectives of King's Church 1066 as outtined above are as follows: CHURCH Future plans The elders are seeking to implement the agreed vision and stratrgy for the church through to 2025 ind beyond. This include5 proposals for extending the reach of the church beyond Hastings and Bexhill to the surrounding region known as ' 1066 Country" Hans to launch another meeting venue in Central St Leonards have gathered pace during the period. in conjunttion with the mid_week gathering5 continuing. a monthly Sunday meeting now takes Pla in a local primary school. From Septemberlottober 2024, these Sunday meetings will increase to weekly. Over the longer term, rnultiple other venues will be explored throughout the 1066 region. Regular preaching and news updates enable the church to be envisioned in this way. Sunday meeting5 Sunday meetings in all three locations (Hastings, Bexhill and Central St Leonards) continue in line with our charitable purp05e5. New visitors are regularly welcomed. Biblical te2chin& freedom to worship and the input from volunteer trams facilitates all aspects of the Sunday morning meetings. mid-week church life and prayer times. Children's and youth attivities have continued to thrive. Many church members volunteer with our community engagement projects such as Hastings Foodbank, Baby Ba51CS Hastings 2nd Rother. TLG. Restore. Reflect and Transom Trust A good number of volunteers from outside the church circle a150 volunteer with projects such as Hastings Foodbank and Baby Basic5. The Bexhill congregation continue to do well, and numbers are stron& There 15 a fijll programme of mid-week actNities including small groups. prayer and congregational meetings. We continue to explore the purchase of a permanent building in Bexhill.
THE HASTINGS COMMUNITY TRUST TRUSTEES, REPORT (CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST2024 We work with. and support a number of other agencies in Bexhlll, including Bexhill Foodbanl Christians 4galnst Poverty. Homeless Unity Group and Churches Together in Bexhill. Acr05s both these venues. blblical toplcs and teachlng are Intentlonally and prayerfully chosen to support people In all walks of Ilfe. Not only 15 th15 In relation to the preach serles delivered to adults but also content that is relevant and engages chlldren and youth in thelr sessions. The online streamlng of the Sunday meetings from the Hastings venue continue5 to support those who require an alternatlve to in-person gathering and to also provlde easy access to those new to church who want to look in. The Central St Leonards venue now meets monthly on a Sunday morning, welcomlng those from the community to meetings and events. Th'e Sunday weekly gatherings of the congregations, frlends and Ylsltors, along wlth the online communlty. are able to. on averag< attract around 500 people each week Chlldr•n's groupg on Sundays The Sunday children'5 groups for chlldren aged O- I I have contlnued wlth 3 groups runnlng in Hastings and 2 in Bexhlll, and a small. emerging provision for the under 115 in the Central St Leonards congregatlon. The chlldren have grown In their faith through the opportunitles to explore Christianity with fun activities, Bible 5torie5, worship and prayer times and a chance to question at a deeper level. Many children bring thelr friends to church and some chlldren have attended out of Interesl bringing their familie5 to King's. Youth Friday Night Live (targeted towards a young demographic) continues to meet every Friday evening In term time. The combination of fun activities, biblical input small group discussion and friendshlp draws around 50-60 young people every week. Many of the teenagers are from families within the Hastings and Bexhill congregations but there Is also a substantlal number of guests. These regular events play a considerdble role in developing the mental and splrltual capacity of the young people In our care. In August 2024, we took around 80 young people to Newday. a summer camp festival organised by the New Frontiers famlly of churches. The thlrd year of runnlng the community initiatlve 'Light Night. durlng the firework season saw an increase in attendance with nearly 1000 people coming through the doors, including many unchurched young people and thelr families. Discipleship groups Variou5 discipleship groups, that are an Integral part of our church calendar. contlnue to support people who have been explorlng the Christian faith. but they also offer opportunities to find out more about joining King's Church, enrich marriages, develop parentlng skllls. and study the Bible. In line wlth our charitable purposes. many individua15 are able to find emotional and pastoral support. fell¢)wship. and friendship through che various courses available.
THE HASTINGS COMMUNITY TRUST TRUSTEES, REPORT (CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST2024 Connect Groups Connect group5 continue to be a key part of church life. These small groups (between 10 and 20 members in each) meet in people's homes across the community. The groups form an integral part of church Itfe. where emotional. physical and spiritua] support is in place. Regular Bible teaching and prayer are frequent 2nd important foundations of these groups. Alpha Alpha is an internationally-recogn15ed course designed for those who wish to explore the Christian faith In greater depth. King's Church runs the Alpha course several time5 a year. Visitors report the w3rmth and hospitality they receive helped them to feel safe and relaxed. COMMUNITY Link-up Link-up, launched in early 2023, meets on the first and third Thursday of every month. The coffee morninglcafé style setting gives people a safe space to meet others for friendship and refreshments, with the possibility of exploring the Christian faith. While popular and successful, it has been difficult to malntaln a volunteer team to continue with the groupi SO the decision was made to pause its operation during this year. Totz Klub Totz Klub5 run all year in term time in Ha5tings and Bexhill and at 2 venues in Battle. The groups provide safe. fun environments where children under 4 and their parents and carers can socialise and build friendships. There is i1y$ a wide range of excellent activities to explore. and a Bible story Is read in each venue at the end of the sessions. Al the groups are popular with regular attendees who give feedback on the excellence of the team and the activities. Hope at Klng's This is a designated space in our building that is for use by community and social attion projècts that ire alleviating local poverty. It is used every week by some of our own projects, such as Hastings Foodbank and Baby Basics, but 15 also available to other local charities and statutory agencies who are supporting local people facing poverty or injustlce. Reflect The project offers pregnancy choices counselling and support. The volunteer teams also have opportunities to visit local secondary schools and other event5. Baby Basic5 Community health vi51tors and midwives pick up Moses, baskets from the Baby Basics sessions run at the Hastings Centre. Each basket is full of items ready for when the baby arrives. New parents report that the gift makes all the difference as they welcome their new arrival. Restore (formerly Anti-Human Trafficking) Through Restore, in-person support is available, and we continue to play an active role working with local police, Migrant Help, and other partners to tackle modern slavery in the area, and raise awareness. as part of the local Discovery team, led by the police. Thi5 includes facilitating training and awareness-raising events in our building. Christians Against Poverty (CAP) Debt advice 2nd support is available to those in need of finanaal advice. A5 a church. we have also supporced the Bexhill CAP Debt Centre during this period. Transom Trust This inter-church projett now ha5 a growing number of bed spaces in properties (In Bexhill, as well as Hastin85) for men who were previously homeless or in situations of housing uncertainty. Each of the residents has received pastoral 5UPPOrt from the Transom team.
THE HASTINGS COMMUNITY TRUST TRUSTEES, REPORT (CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST 2024 Foodbank Hastings Foodbank continues to see increasing referral numbers. as people are affected by the cost-of-living crisis. as well as the ongoing impatt of the pandemic and changes to benef. Foodbank continues to Supply food parcels to local households in need. Many foodbank clients vocali5e their thanks for not only the practical support of food, but also for the welcome and warmth they receive. Partnership with Bexhill Foodbank and a satellite of H35tings Foodbank in Hawkhurst continue. Trnnsforming Lives for Good (fLG) TLG varly intervention coaching continues wtth I: I session5 in locxl primary schools. Coaching provides support in raising self- ayrdreness and building confidence. Many familie5 attend re8ular TLG family events with the coaches at the church throughout the year, which building good connections. The Klngs 1066 TLG team received recognition for the success of their work from the national TLG team. MISSION Hastings Centre Hastings Centre Trading Ltd continues to operate as a subsidiary of the charfty. with the four income streams being.. room hire. caterin& car parking and a coffee shop. Various branches of the NHS continue to hire spaces for clinics such as Pulmonary Rehabilitation and Blood Donation Services. During the period the DVSA have hired office Space for their examSners' team and their enforcement team. And day-to4ay regular hires inhknlt the building with dance and exercise classes, with many of the families making good use of the onsite coffee shop during their visits. Overseas We maintain strong friendship links wtth a Newfrontiers church in Mumbai. India and other overseas links in Montpellier. France; Davao, Philippines.. and Valencia, Spain. King's Church 1066 derives considerable benefit from these links through cultural exchange, a developing worldview, opportunities to assist in areas of need and providing valuable lessons in diversty. Travel opportunities have resumed wlth recent visits to the Philippines and India by some of the staff team and church volunteers. New Ground As part of the New Ground apostolic sphere of churches we continue to be linked to a range of overseas initiatives that the network is pursuing. New Ground is led by David Holden, who 15 based in Sidcup and who travels widely in support of these initiattves. Countrie5 Wlth whom we have New Ground links indude Fran. Brdzil. South Africa, Scotland, Guernsey, Belgium, the Netherland5, Switterland, Gerrnany and Romania.
THE HASTINGS COMMUNITY TRUST TRUSTEES, REPORT (CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST2024 FINANCIAL REVIEW The activities described above are possible only as a result of church members giving freely of their time and money. Volunteer activity is particularly important in the areas of meeting stewdrding and managemenL children's and youth activities and all the community attivities of the charity. The trustees consider that there are no material uncertainties about the charity's ability to continue a5 a going concem. Principat funding sources Voluntary all. income frorn Hasting5 Centre Trading Ltd. special gift daysj Gift Aid. Investment policy Kings Church 1066 seldorn slgnificant surplus funds that are not required month-by-month. Cash balances are held in interest-bearing accounts with our bankers. In these circumstances. there is no requirement for a rnore developed investment policy. Reserves policy. The trustees review the reserves policy regularly in line with Charity Commission guidelines. King's Church maintains three levels of reserves: restricted funds. designated fund5. and free re5erYe5. Restricted fund5 These represent donations for specific activities arsd our policy is to expend these funds as quickly a5 possible to benefit the recipients. At 31 August 2024 the re5trirted funds stood at £377,386 (August 2023 - £280,066). Designated ndS At various times It has been considered beneficlal by the trustees to allocate reserves to particular projects. Budgets are prepared and expenditure distrlbuted in line wlth these budgets. At 31 August 2024 the designated funds stood at £460,702 (August 2023 - £447.170). Free reserves Free reserves are undesignated, and the charity's policy is to maintain these at a level between two to three months of regular church income. The year-end reserves figure is £151.498 which equates to approx. 3.5 months of regulir church income (August 2023 - £97,383). The trustee5 are satisfied that the charity is a going concern and that there are no marIal uncertainties about the charity's ability to continue in operation. Minimum capitalisation policy In common with other charities, King's Church review5 carefully whether or not to capitalise expenditure on an individual basis to ensure a fair value is shown in the balance sheet. Generally. we do not capitalise items below £ 1,000.
THE HASTINGS COMMUNITY TRUST TRUSTEES, REPORT (CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST 2024 Hastings Centre Trading Ltd has now been operating as a separate trdding company since September 2014 and has established a strong local brand. The company is a wholty owned subsidiary of Hasting5 Community Trust Over the last year the activities for which the Hastings Centre is hired out have been reviewed to maintain profitability, with a particular review on staffing levels and increasing efficiency in operating systems. Independent auditors All the trustee5 have taken all steps that they ought to have taken to make themselves aware of any information needed by the chariW5 auditors for the purposes of their audit and to establish that the auditors are aware of that information. A resolutton proposing that Chariot House be reappointed a5 independent auditors of the charity will be put to the annual meeting. On behalf of the board of trustees. Paul Rackstraw 2 2 May 2025
THE HASTINGS COMMUNITY TRUST STATEMENT OF TRUSTEES, RESPONSBILITIES Company law requires the trustees to prepare accounts for each financial year which give a true and fair view of the charitable companls state of affair5 Lt the end of the year and of its income and expenditure for that period. In preparing those accounts, the trustee5 are required to= selett suitable accounting policies 2nd then apply them consistently. make judgements and estimates that are reasonable and prudent prepare the accounts on the going concern basi5 unle55 It is inappropriate to presume that the company will continue in busine5S. The trustees are responsible for keeping proper accounting records which disclose with reasonible accuracy at any time the financial position of the charitable company and to enable d)em to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 10
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE HASTINGS COMMUNITY TRUST Opinion We have audited the financial statements of The Hastings Community Trust (the 'charit2ble company'l (the 'parent company) 2nd its subsidiaries (*he group.) for the year ended 31 August 2024 which comprise the Statement of Financial Activities, the Balance Sheet the Cash Flow St3temen¢ and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (Unitsd Kingdom Generalty Accepted Accounting Practi). In our opinion the financial statements: ve a true and fair view of the state of the group's and of the parent company's affair5 a5 of 31 August 2024 and of the group's incoming resources and application of resources. including its income and expenditure. for the year then have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared irb accordance with the requirements of the Companies Act 2006. Ba515 for opinion We conducted our audit in accordance with International Stsndard5 on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements Section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial Statements in the UK including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we hive obtsined is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern. We have nothing to report in respert of the following matters in relation to which the ISAS (UK) require us to report to you were: the trustees, use of the going concern basis of accounting in the preparation of the finincial 5tstements is not appropriate., or the trustees have not disclosed In the financlal statements any identified materiai UnrtaInt[e5 that may cast significant doubt about the group's or the parent companls ability to continue to adopt the going concern basis of accounting for a period of at let twelve months from the date when the financlal statements are authorised for issue. Other information The trustees are responsible for the other information. The other information comprises the information included in the Annual Repor¢ other thin the financial statements and our Fieport of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otheTwise expficitly stated in our reporL we do not express any lorm of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other infr)rmation and, in doing so. consider whether the other information is matrrially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such matertal incon515tencie5 or apparert material mi5Statements. we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If. based on the work we have performed, we conclude that there is a material misstatement of thi5 other information. we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception In light of the knowledge and understsnding of the charitable company and it5 environment obtained in the course of the audi¢ we have not identified material misstatements in the directors. repor¢ included within the tru5tee'5 annual report. We have nothing to report in respect of the following matter5 in relation to which the Companie5 Act 2006 requires us ta report to you if, in our opinion, adequate accounting records have not been kep¢ or return5 adequate for our audit have not been reIved from brdnches not visited by us. or the financial statements are not In agreement wlth the accounting record5 and returns. or certain disclosures of trusteesldirector5' remunerdtion specified by law are not made-, or we have not recelved all the information and explanatlons we require for our audi( or the trustees were not entitled to prepare the financial statements in accordance with the Small companies, regime and take advantage of che small companies, exemptions in preparing the trustees, report and from the requirement to prepare a strategic report. 11
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE HASTINGS COMMUNITY TRUST (CONTINUED) Responsibilitie5 of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for belng satisfied that they give a true and fair view. and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatemen( whether due to fraud or error. In preparlng the financial statements, the trustee5 are responsible for assessing the group and the parent companls ability to contlnue as a going concern, discloslng, as applicable, matters related to going concern and uslng the going concern ba515 of accountlng unles5 the trustees elther intend to liquida the group or the parent company or to cease operations, or have no realistic altemative but to do so. Our responsibillties for the audit of the financial statements Our objectlves are to obtain reasonable assurance about whether the financial statements as a whole are free from materlal misstatemenL whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance Is a high level of assurance but Is not a guarantee that an audit conducted In accordance with ISAS (UK) wlll always detect a material misstatement when It exlsts. Misstatements can arlse from fraud or error and are consldered material If, Indlvldually or In the aggregate. they could reasonably be expetted to Influence the economlc declslons ol users taken on the ba515 of these financial statements. Irregularitie5, including fraud, are Instances of non-compllance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregul2ritie5, including fraud. Based on our understandlng of the charity and its activities. and through discussion with the trustees and mLn2gemenL we identified the principal rlsk5 and consldered the exnI to which these would have a material impact on the financial statements. In Identlfylng and assessing risks of material misstatement in respect of irregularities, including fraud and non- compliance with laws and regulations, our procedures Ineluded the following: We obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a material effect on the financral statements or that had a fundamental effect on the operatlons of the charity from our professlonal and settor experience. We performed analytical procedures to identify any unusual or unexpected relatlonshlps that may indicate risks of materlal misstatement due to fraud, and reviewed slgnificant or unusual transattlons to Identify thelr underlying supporting rationale. We inspected the minutes of meetings of those charged with governance, and made direct enquiries of management and the board of trustees concerning the charity's policies and procedures retating to: Identifyin& evaluating, and complying with laws and regulations and whether they were avnre of any instances of non- compliance. Detetting and respondlng to the risks of fraud and whether they have knowledge of any attual, suspected, or alleged fraud. The internal controls e5tabli5hed to mitigate risks related to fraud or non-compliance with laws and regulations. In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates were indicative of a potentlal bia5 and tested significant transactions that are unusual or those outside the normal course of business. We also discussed and reviewed the charity's business model and forward planning to assess going concern communicated applicable laws and regulations throughout the audit team and remained alert to any indicatlons of non-compliance throughout the audit reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance applicable laws and regulations. Carried out substantive testing on income and expenditure. Re-performed reconciliations of control accounts. and recalculatlng 1mS such as depreclation. 12
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE HASTINGS COMMUNITY TRUST (CONTINUED) Becduse of the inherent Simitations of an audiL there is a risk that we will not detect all irregularitie5, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increase5 the more that compliance with L law or regulation is removed from the events and tfdnsactions reflected in the financial statements, as we will be less likely to become aware of instances of non-complian. The risk is also greater regarding irregularities occurring due to fraud rather than error. as fraud involve5 intentional concealmen( forgery. collusion. omission, or misrepresentation. A fijrther description of our responsibilitie5 for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsrespon5ibilities. This description forms part of our Report of the Independent Auditor5. Use of our report This report is made solely to the charitable company's member5. as a body. in accordance with Chapter 3 of Part 16 of the Companies Att 2006. Our audit work ha5 been undertaken so that we might state to the charitable company'5 member5 those matters we are required to state to thern in an auditors, report and for no other purpose. To the fullest extent permltted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charltable company's members as a body. for our audit worl for this report or for the opinion5 we have formed. Shona Wardrop C.A (Senior Statutory Auditor) for and on behalf of Chariot House Limited Chartered Accountants and Statutory Audltors 44 Grand Parade Brighton East Sussex BN2 9QA aq 13
THE HASTINGS COMMUNITY TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT FOR THE 12 MONTHS ENDING 31 AUGUST 2024 12 months to 31 August 2023 Unre5triGted funds Dèsignated funds Restricted funds Total 2024 Notes Inryjme and endowments from: Donaticns and legacies Charitable Aclivit18S other trading activities Investments Totsl In¢om8 and 8ndowments 542.002 20,459 573A08 30.107 536,589 1.108,697 20.459 573.308 24,231 £ 1.726,695 1,054.701 24.5TI 445,912 3,150 £ 1.528.340 24231 £ 54,338 £ 1.134769 £ 536.589 Ex enditure On: Raising Funds 414,625 220 q.681 416.526 369.969 Charltablè actlvltles: Church Comrnunity Mission 464111 88,654 124386 2,042 21,963 88,940 317.809 487,116 177.663 519.170 461.443 155,117 443,989 75.975 Total charitable expendlture 677.15 78.086 428,712 1.183,949 1.060.549 Total Expendlture 1.091.776 78,306 430,393 1,600,475 1,430,518 Net Ineomellexpenditurel 43,993 {23868} 106,196 126,220 g7.822 Transfers b8lwè9n fund8 £ {20.6251 £ 37.500 £116.875) Net movement in funds 23,368 13,S32 89.320 126,220 97,822 Fund balances al 31 August 2023 £ 1.112.292 £ 447,170 £ 288,066 £ 1,847,S28 £ 1.749.706 Fund balances at 31 August 2024 £ 1,135.660 £ 460.702 £ 377,386 £ 1,973,748 £ 1.847.528 The siatement of fjnanclal activities also cornplles with thè reqU1MntS for an income and éxpendibjre acu)unts under the Companies Act 2006 and includes all gains and losses recognised in the year. l of the above figures were derived frorn continuhng activities. 14
THE HASTINGS COMMUNITY TRUST CONSOLIDATED BALANCE SHEET AS A T31 AUGUST2024 2024 2023 Notes Flxed assets Tangiblè assels 10 1.662.894 1,713.170 Investmènts 11 Current assots Debtors Cash at bank and in hand 12 59,992 838,480 52.969 719,049 898.472 772,018 CreditOT5- amounts lalllng due wlthln one year 13 176.9291 186.0061 Net ¢urrent assets 821.543 686.012 Total assets les¥ Current liabilit185 2.484.438 2.399.184 Creditors: amounts falllng due after more than one year 14 (510.690) 1551,6551 Net a5ts £ 1.973.748 £ 1,847.528 Income funds Restricitd funds 16 377.386 288,066 Deslgnated funds 17 460.702 447,170 Other charitable funds 1.135,660 1.112.292 £ 1,973,748 £ 1,847,528 The accounts were approved by the Board on 22 May2025 Paul Rath5tsaw Chair of Trustees The Hasb"ng5 Community Trust, a company lirtlited by guarantee. Registered in England No. 3990390 Regi$18red as a charity No. 1081252 15
THE HASTINGS COMMUNITY TRUST {Company Number: 3990390) BALANCE SHEET ASAT31 AUGUST2024 2024 2023 Notes Flx¢d a858ts Tanglble assets 10 1,662,894 1.713.170 Inva8tm8nts 11 Currènt assets Debtors C8sh at bank and In hand 12 126.750 780,030 91,198 709,242 906,780 600,440 Cr•dltor•: amount• falling duo wlthln on• yoar 13 170N121 176,8681 Net Current assgt¥ 838.388 723,575 Totsl assets lèss curr•nt Ilabllltle• 2,499.284 2,436,746 Cr8dltors- amounts falllng due after morg than ong y•ar 14 {510,6901 1551,6551 Net Ass•ts 1,988,573 £ 1,885,090 In¢omo lund• Rwtrfcted funds 16 377,386 288.066 D8slgnat•d fund8 17 460,702 447,170 Olh¢r Charita0 funds 1,1 SO.484 1,149,854 1,988,573 £ 1,885,090 The accounts were proved by the Board on 22 May 2025 Paul R4ckstraw Chair of Trustees The Ha81ing8 Community Trust, a company limited by guarantee. Regtstered in England No. 3990390 Reglstered as a charity No. 1081252 Th8 Director5 aCknOedge their rèsponsibilities for compng wlth the requlrements of the Actwth respeet to aceounung records and preparatlon of accounts Thése account have bèèn praparèd in accordancè th thè provksK)ns applic8ble to eomp8nies subjeet to thè smo11 cornpar11¢5 regimg. 16
THE HASTINGS COMMUNITY TRUST CONSOLIDATED CASHFLOW STATEMENT ASA T31 AUGUST2024 2024 2023 Cash flows from operatÈng actlvitl85- Net Incomellexpenditurel 126.220 97.822 Adjustments for: Depreciation OncreaseyDecrease in Debtors Increa5ellDecreasel in Croditors 50.276 17,0231 19.0771 58,607 49,055 5.115 Net cash generated from operating activitles 160.396 210,598 Cash flows from Invasting activitlOS: Purchase of tangible fixed assets 20,828 Nèt eash used In Investln9 activities 120.8281 Cash flows from Flnancing activitias- Rèpayment of Bank Loan 140.9651 137.7861 Net cash used In finanGing adivitlès N8t increas81ld8er8asel In Cash and cash equSvalents 140.9651 119.431 137,7861 151,985 Cash 8nd cash equivalents at beglnnlng ol year 719.049 567,064 Cash and ¢a$h equlva18nts at end of yaar 838,480 719,049 Analysls of chang8s irt nèt dèbt Cash and cash equlvalents Cash at bank and in hand 838,480 719,049 17
THE HASTINGS COMMUNITY TRUST NOTES TO THE ACCOUNTS FOR THE 12 MONTHS ENDED 31 AUGUST2024 A¢countlng pollcles 1.1 Bas16 of preparallon The financial statèments have been PrePad in accordance wlth the charltvs governlng document, the Companles Act 2006 and"accounting and reportlng by Charltles- Statement of Recommended Practice applicable to charltie5 preparing ihelr accounts In accordan wlth the Flnanclal Reporting St3ndard applicable ID the UK and Republic of Ireland IFRS1021 leffectlve I january 20191 The financlal staternent5 are prepared in sterllng, whith Is the functlonal currency of the charlty Monetary amounts in these financlal statement5 are rounded to the nearest £. The ftnanclal statement5 have been prepared under the hlstorlcal cost conventlon. Assets and Ilabllltle5 are Inltlally recognlsed at historlcal cost or transactlons value unless otherwlse ststed In the relevant accountln8 poIIcy. Th• pdndpal accountlng policios adopted are set out below. Th¥ trLtstee$ c¢nslder that there are no materS81 uncertalntle$ aboLtt th ¢h&rlty'$ ablllty to ¢ontlnu8 8$ g golng concern anJ ¢on$ldarad a parfod of 12 months from Iha date ol slgnlng of Iha oceounls. 1.2 In¢omg and gndowm8nl• All Incomlng resources are Included In the 8latemenl of Ilnanctal 8Ct(vllles wh8n thè ch8ritl8 antlemant to the income is probable and the amount can be qu8nlified wllh reasonable accuracy. The followlng speclflc pollcles are app118d lo partlcular ca18gorf8s of Incom8'. Voluntary income Is recalved byway ol grants, legacles. Investment Income. fundra151ng. don8llon5 and glrts andls included In lull in the Statement ol Flnanclal AcbvllS8s ¥vhen receivable. Grants, where anlillement is not condlllonal on th& dèlivery ol 8 speofic p8rformanca by Ihè thaTIty, arg recognl3ed when the charlly becomes unconditionally enliued to the orant. Where appropriate, donated servlees ènd f8eilltles are includèd at thè vèlu8 to the ch8rlty where thls can be quanllfled. Tha value of servlces provlded by volunteers has not been Included In Ihese accounts. Investment Income18 Included when recelvable. 1.3 Expondllur• Exp9ndlturg Is recognlsed on an accruBI basls as a Ilablty Is Incurrad. Expendlluro Indudas any VAT vhich cannot be fully ro¢¢veT•d. and 18 reportod as part ol the expendlture to whleh It r8la(es. Costs ol ralslng funds comprlse the costs assoclated with altracttng voluntary Income and tha ¢os¢s ol trading for fundral8ing purposes. Charllable actlvltles comprfses those costs Incurred bythe chbrfty in ihe dellv8ry of115 activld8s for118 b8neficiari88. It includ88 both costs that can be 811ocaled dSreclly lo such activities and those costs ol an Indirect nature necessarylo support them. All costs 8re allocated between expenditure categories of Ihe SOFA on a basls deslgned to reflecl Iha use of the resource. Costs relating to a partieular activity are allocated directly, olhers are apportioned on an approprlate basls as descdbed wlthln note 6. 1.4 Tanglble fixed asset5 and depreclatlon Flxed assets lexcludlng Investmenlsl are stated al cost lèss accumulated depreciation. Depreclation ig provlded al ratss calculated to write off th8 cosl le86 estlmated residual value ol each asset over ils expected useful lrfe, as follows.. Freehold land Is not depreclated Freehold bulldings Plant and equipment Fixtures. fittings and offica equipment 2% Stralght Llne Basls 15% Slraighl LirLe BaS 15% Stralghl Llne Basls 1.5 Penslons The chBrity operates a deflned contrlbuilDn pensiDll scheme undervrfhith contributions by ernployee5 and by the company are held in trust funds separdte from the charitys finances. Th8 pension cost charge ropr8sents thè contrtbutions payabla by thè charity und8rth• rulèg of thè sehem8. 18
THE HASTINGS COMMUNITY TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST2024 Accounting pollcles l¢ontinuedl= 1.6 Fund Accounting Restricted funds ar8 subject to specific condit50ns by donors as io how they may be used. The purpose5 and uses of the r05tricled funds are set oul in th8 not8S to the ac(x>unis. Designatecl funds cornprise funds which have been Set aside at the discietbn of the trustees for speclfic purposgs. The purposes and uses of the deslonated funds are sel oul in the notes to the accounts. Unrestri¢¢ed funds aTe availablo for use at the discretion of the trustees in furtherance of the objectives of the charfty. 1.7 Public Bèn•fit èntity The charitable cornpany meets th8 definition of a public b8ngfit gntity under FRS102. 1.8 Taxatlon As the chari$ actiwlies fall within the exgmptions afft)rded bythe PTovisions of the CoTPOTatiorh TaxAct 2010 and 8256 of the incorne or capltal galns recelved to Ihe extent1hal such Income or galns are applled excluslvelyto tharftable purposes. 1.9 Critical accountrng •stimatos and judgements In the application ol th8 charivs accounting polici8s, lh8 Truste85 are required lo make judgements, estirnates and assumptions about the earr5qng value of assets and llabll1es that are not readlly apparent from olher SoUs. The esttmates and assoclated actual results may differ from these eslirnates. As8urnptionB are based on historical experience and other factors considered to be r818vant. rh8 8stirnal85 and underfng assumptions are revtewed on an ongoing basis. R8visioris to accounting 88tirn8tes are ré(x)gnised in tha padod in whlch the estimate Is r&vised wher& Iha rèvision only 8ff8cts that par11, or in thè pèriod of the revision and ftrture periods where the revlslon affects both. The Trustees eonsiderthat the most material judgement applied w8s wth regard to the deprec4alion charged. 1.10 Flnanclal Instruments The charity only has financlal assets and 1lab1lleS of a kind that qualify as basic financial instrurllents. Basic financial instNmant8 are initially recognised at tr3nsa¢lion value and subsequenuy measured al their setuement value. Dèbtors Trade and other debtors are recognised at ihe settlement amount due after any discount offere(l. Prepayments are valued at the amount pr8paid net ol any trsda discounls. Creditor5 and provisions Creditors and provisions are recognised where Ihe charity has a present obligation resulting from a past evertt that will probably rèstsjt in measured or estimated rellably. Creditors and provlsions are nomia]ly recognised attheir setttement amount after allowing for any trade discounts duè. Cash at bank and in hand Cash at bank and cash in hand includes rash and short krm highlyliquld Investments with a short maTity of Ihr2e months or less from Ihe date of acquisition or opening of the deposit or sirnil8r a(xounL 19
NOTES TO THE ACCOUNTS {CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST 2024 Income from Donations and Legacie5 Unrestricted funds Desigr funds Restricted funds Total 2024 Totaj 2023 Donations and Legacies £ 542.002 £ 30.107 £ 536,589 £ 1,108,697 £ 1.054.701 Donation5 and Legacles Unrestricted funds: Weekly and monthly offering8 Tax repayment5 Grants and other income 465,817 76.185 417,877 74.680 £ 542,002 £ 492.557 De$ignated fund$: W88kly and monthly offering5 and gift days Legacies Tax repayrnenls Grants and oth8r Income 29,242 38.988 110.468 1,150 865 £ 30,107 £ 150,606 Restricted funds.. Weekly and rnonthly offering5 T8x rap8ymants Grants and other Income 234,192 15,Q03 287.393 200.185 15,958 195,397 £ 536,589 £411,538 3 Income from Charitable Activitles UnrestrEctsd funds Déslgnatéd funds Rèstricted funds Totsl 2024 Total 2023 Income from activitles to further chariws obj8Cts £ 20.459 £ 20.459 £ 24,577 Charitable Activities UnrestrEctÈd funds: Book sales Regular activities SpeGial even15 11,626 8.833 13,257 11.320 £ 20.459 £ 24,577
THE HASTINGS COMMUNITY TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST 2024 4 Income from other Trading Activities Unrestrict funds Designated furhds Total 2024 Total 2023 Trading Activitl88- Hasting5 Centre £ $73.308 £ 573.308 £ 445.912 5 Income from Investments 2024 2023 Investment receivable- unrestrlcted fund Investsnent recelvable- deslgnated lund 3.059 91 24,231 £ 24,231 £ 3,150 6 Exp8nditur8 staff Depreclatlon ¢osts Other ¢o$ts Total 2024 Total 2023 Costs of Raising funds Costs of acdvllles to ralse funds 241,699 20,292 154,539 416,526 369,9 Charftablg actlvltles Church ActTvltles undertaken dlrecly Support Costs Totsl 191.247 192,055 383.302 9,4S6 12.868 22,324 26.336 SS,152 81h88 227.039 260 075 487.116 190.241 271,202 461,443 Activities undertakèn dir6cVy Support Costs Total 86,794 20.332 107.126 5,386 1.017 6,403 42,560 21.573 64,133 134.739 42.922 177.663 107,858 47,259 155.117 Mission Activities undertaken direcUy Support eosts Total 1.317 27.048 28.365 120.00 1.137 1.257 484.551 4,997 489.548 485.988 33,182 519.170 410.955 33,034 443,989 518.793 29.984 635,169 1,183,949 1,060,$49 760A92 50.276 £ 789.708 £ 1,600,475 £ 1,430,518 Auditor5. remuneration for the year amounted lo £10.000 in respect olthe 8udtt of the group companies. 21
THE HASTINGS COMMUNITY TRUST NOTES TO THE ACCOUNTS {CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST 2024 7 Insliiutlonal Grants The following institutional grants were paid in the y8ar Instituttons: 2024 Ashburnham Christ18n Trust Newground INF Kent & Borders) Newground Jubilee+ TLG Trussell Trust CAP Bexhillvon4ea Haslings & Sl Leonard5 CAP Transom Trust Charity For dS (Charity of the year 221231 Baby Basi Total 490 20.000 11.000 6,658 900 360 2.000 2,000 2,000 2,000 300 8 Trust••s The following rel8t8d party tran5aotlons were made durfng lh& period- Natle Willlams Itrusteel Is also CEO and Trustee forJvbi18e+. on lh8 adviscyy committée for TLG ITransfomiing Ilves for good}. TransacOnS be88n th8s8 entiti88 and The Hèstings CommunltyTrust In the year amounted to a £6,658 to Jubil88+ and £900 to TLC- With the excepllon of those noted above none of th& trustees lor any peTS(m conna¢ted wilh thaml reiVed any remuneration or reimbur88d exnsès during pèriod. 9 Employees Number ofernployeè5 The average monthly number of 8tnploy8es during thè pèriod was: 2024 Numbpr 2023 Number Direct charitable Dlrect IHa5ting Gentre Tradlng} Administrativ8 10 10 18 10 10 19 38 39 Ernplonent costs 2024 2023 Wage5 and 5alariEs Soci81 security cost5 Other pension costs 662,478 51,480 46,534 606,301 38,867 41,868 £ 687,036 760.492 RemunÈratSon Duririg thè reporting pariod th& average number of employees was 38. Only 8 of these persons were working lull limo and no ono received benefits of more th8n £60.000 in the year. The total employee bènèfits received by the key management personnel14 Elders). was £156,504 (Gross Pay, Eerfs Nl & Eerfs Pension). (ln FY 2023, 4 per80ns in total al a cost of £112.8461. 22
THE HASTINGS COMMUNITY TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST 2024 10 Tanglbja flxed asset8 Fr•ehold Proporty Plant and équipment Flxturès. flttlngs and offlce equlpment Total Vehlcles Cost At 1 Sept 2023 AddltionB 20.828 2,655,835 325.966 57.884 3,060,513 At 31 August 2024 20,828 1655,83S 325.966 57,884 3,060,513 O•precl8tlon Al 1 Sept 2023 Change for the year 12.497.00 4.166 950,996 46,110 325,966 57,884 1.347.343 50.276 At 31 August 2024 16,663 99Y,106 325.966 57.884 1,397,619 Net book valu¢ At 31 August 2024 £4,165 £ I,e58,729 £ 1,662,894 At 31 August 2023 8.331 £ 1.T04,839 £ 1,713.170 11 Investment• The charlty has an Investment ol E1 representSng Its 100% ownershSp ol Bll the ordlnary Share8 of £1 each In Hgslings Centra Trodlng Ltd (Company number 052225341, prevlousty a dormant compgny, wh(ch Commenced active trading on 1 Sept 2014. For year ending 31 August 2024, Hasllngs Centre Trading Ltd Income lotslled £554,680, expendllure w88 also £531,942 thè •r. theraforo rosultlng In 8 profil of £22,738. Thg ya8r gnd Not Curr8nl Ass81 POBIUon was £1. 12 Consolldot•d Debtors 2024 2023 Tradè dablors 59,092 S2,989 £ 59,992 £ 52,969 Ha5tlng5 Communlty Trust D•blors 2024 2023 Trade debtors d by Subsidiary company 37,536 89,214 34,670 56.528 £ 126,750 £ 91.198 23
THE HASTINGS COMMUNITYTRUST NOTES TO THE ACCOUNTS {CONTINUED} FOR THE 12 MONTHS ENDED 31 AUGUST 2024 13 Consolidated Credltor5-. amounts falling due withln one year 2024 20Z3 Bank loan Intest fe loans Trade creditors Taxes and soclal securfty costs Aruar5 49.869 49.060 5,690 17.949 3,421 7.200 16,416 13,330 £ 76,929 £ 86.006 Hastings Community Trust 2024 2023 Bank loan Intèrast free loans Trade creditors Taxes and social securlty costs Arual$ 49.869 49,060 2,305 17.293 945 3,315 16,416 8,075 £ 70,412 £ 76,866 14 Cr•ditors". amounts falllng due after more than on& year 2024 2023 Bank toan Interest fre8108ns 49B,690 12.000 539.655 12,000 £ S10.690 £ 5S1.655 Analysis of loans Bank toan Interest free loans $48.559 f2,lJOO 588.715 12,(M)O Total repayable £ 560.559 £ 600.715 Amoun15 dup after Thore than 5 years Amounts due wlh 2 to 5 years 299,214 211,476 343,417 208,238 Repayable after more than one year £ 51D.690 £ 551.655 Amount5 due wthin onB year 49,869 49.060 £ 560.559 £ 600,715 The loan is secured on the freehold Property. 15 Share PItal The Company Is limlted by guarantee and does not have share capttal. The Ilabllltyof each member Is lirnited to a rnaximum of £10. 24
THE HASTINGS COMMUNITh TRUST NOTES TO THE ACCOUNTS (CONTINUED} FOR THE 12 MONTHS ENDED 31 AUGUST2024 16 Restricted lunds: Comparatlve flgures lor Re5trlGted Fund8 Movement of funds Re50urce5 expended Balance at 1 Sept22 Incomlng resources Transfers Balance at 31 August 2023 Bexhill Fund Venues Charityfor Kids Baby Basi Bootfairs Macmillan Nur58S Children's Wod( Mumbai Chlldren's Centre Newground Llnk Lunch Youth Anll-Tcafficklng Dis¢overy Anti-Trafficking Foodbank Foodbank Covid FBA¢ts 435 Phillpplnes Foodbank Cri818 Fund Soc4al Action Covid Social Acuon Gift Day Ghana CSL Donation Cousins Philippians Ukralne Wam Sp8ce ESCC Household Support Incorne MaY2022 EFT Household Support Maf2022 Foreshore Trust Trussell Trust Winter Support Grant Tnjssel Trust Em8rg8ncy Support Grant EFT Jan 2023 Round 4 ESCC Household Support Round 3 ESCC HousehDld Support Round 4 Finanaal Inclusion Grant Incom8 Foodbank Reserve Fund Defra Vehide (Foodbankl 2,000 38.450 2,000 2,805 1.740 5,449 486 17,805 2.410 2.383 1.200 1481 128,4501 16701 14.0831 11.201) 125.0001 7,149 487 48 2,100 23,470 264 766 1,271 122 1,372 68,206 1,700 730 292 4.814 7.907 32,607 160 200 5,877 11521 116,0001 110,OIXII 1,948 7,583 10.562 766 1,271 256 1.106 134,446 113 20,298 160 {251 12661 182,0411 I1.7(? 148.281 730 21.500 18.750 18 121,7921 (3.9671 (8,9101 {4,9671 19,597 Ig841 26.655 160 200 5,381 1,050 290 100 16.252 {12,8501 12901 11001 122.7451 112,0671 (6,0001 {4,9461 119,9691 117,7491 {9,0001 118,4711 111.1641 117.0071 11,304 6,513 11.968 1211 99 6.000 5,000 20.CX)O 17,750 9.000 18.463 37.576 40.938 6.250 8.331 1541 1311 26.411 23.932 6.250 8.331 £ 218.473 £ 419,871 £ {336,5831 £113.6961 £ 288,066
THE HASTINGS COMMUNITY TRUST NOTES TO THE ACCOUNTS {CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST 2024 16 Rostrlcted fund5 Icontinuedl.. Movement of fvnds Resources exp8nded Balance at 1 Sept 23 In¢omitvJ resourcos Transfer5 Balance at 31 August 2024 Bexhill Fund V8nu&s Charity for Klds Baby B85iCS Booffairs Children's Work Mumbal Chlldren's Centre NewgTound Llnk Lunch Youth AnlkTrafflcklng Discovery Anti-Trafficking Foodbank 2.000 2.805 1.740 5.449 2.LlOO 12.8051 (1,7941 {5,6621 11.9221 1521 {5,0291 111.0001 i) 1.718 119 1,896 2.569 12.19$ 766 2,396 256 1,057 173,556 930 11.891 13.164 160 200 8.394 1.931 1,555 1,948 7.583 10,562 766 1,271 256 1.106 134,446 730 19,597 26,655 160 200 5,381 26,411 23,932 6,250 15 12,633 1,125 1491 168.9571 108,068 200 FB A¢ls 435 Foodbank Cri8is Fund Soaal Action Grft D8y Ghana CSL Donauon Cousins Philippines ESCC Household Support Round 4 Financi81 Inclusion Grant Income Foodbank Reserve Fund (FSNI Housahold Support Foodb8nk Chri5tma5 Fund Foodbank Lottery Fund Grant Foodb8nk Easter Fund ESCC Household Support Round 5 Bexhill Building Gift Day 2023 EFT Food Grant Venue Gift Day 2023 H&R Samaritans Defra Vehlde (Foodbankl 18.0061 113.5411 8.023 37,576 47.814 113,1351 183,9871 130.7801 16,2501 118,9101 15.0931 1118.4011 16,2501 15.4541 13,0651 19.3451 {29,5441 8,125 40,966 20,230 6.250 133.188 6.250 33,271 35,184 9.345 72,260 1.568 1,320 1,157 14,787 27,817 51,300 19,182 141,3771 1,339 1,568 4.165 8.331 14.1661 £1430,3931 £ 288,066 £ 536.589 £116,875) £ 377,386
THE HASTINGS COMMUNITY TRUST NOTES TO THE ACCOUNTS {CONTINUED) FOR THE q2 MONTHS ENDED 31 AUGUST 2024 16 RestrlciÈd fund5 Icontlnuedl: Bexhljl Fund Fund created specificallyfrom a one-off donation with the purpose of supporling social action projeds focused towards the Bexhill Community. Venues This Fund was created from donations received from Gift Day 17 and Gift Day 19. Specifically lor the Costs associated with planling new churth venuels) narn81y Bexhlll (which launched In January 20181 and Sl Leonards-on-sea. (Closed in Ihe yearl Charit of The Year We have a 'Charity of the Yeaff. which was'charily for Kids" in 2023."H&R Samaritans. Sn 2024. si Project for the practical support of vulnerable mothers and Ih¢ir new-bom babl85. Orfglnally under designated, mov8d to Restrtcled a5 now Teceiying donation5 dir8cUy in support of the project. 8ootfalrs Any funds ralsed al Bootfairs are tLI be pald across lo IheiT nornina¢ed ¢haritse& Fund created from donation giv8n 5pèc5fieallyfor Chlldren's Work. Mumbai Chlldren's C The chlldren In the nrg and n'.gage group815-11 year-oldsl regularly give to support ihese children's projects in India. We alsts recelved donallons in the year in support of the ongoing Crisis in India as a result of the pandeml Ne rou Newground donation gen9ra19d 8t Gift Days speclficallyfor Newground. Llnk Lunch Fund created from a gift direcYfor the Llnk lunch group.
THE HASTINGS COMMUNITY TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST2024 16 Restrfcted fund5 IcontlnUEdl'. Youth Thi5 fund arose from specific donations loryouth aclivitses. which were unae to be spent during the previous and Gurrent ar. An-TraffickIn & Discove Anti-Traffickin These Fund were created to supportAnli-Trafficking iniliatwe5 in our surrounding area. Ihese aGliwties have been funded by the Social Action Fund along with some financiaj supporl from lh8 local Police and Counal. Foodbank Since setting up the Foodbank a few years ago, we have Ye1vE Interest from Indlvlduals and d)urthes around the town, many of whom donate food to regularfy. Some. howgvgr. give donations to support the proj9¢t. Over the past year we have seen increased support from Ihe community and Govemmenl through donations and Grants to support with the Increased demand as a resutt of the coronavirus pandemic and now the cost of INlng crisis. FB Acts 435 Fund to track donallons gfven through this scheme to support specif¢c needs of indlvtdual coming through Foodbank. Examples of support Include applIan repalrs and fijmlture needs. Cousins Phsli ines Fund created from donatlons recelved to support a Church family currèntly ¥vorking Daveo Alive Church plant in the Philipines. F dbank Crrsi Fund ThSs fund Is derived from varlous one-off glfts speclffcallyto support those who use the foodbank and 8r6 known to bè in urgent need of supporL Soclal Action Glft Da This fund was created to re1ve donations from a Gift Day in February 2020 spticifieallyto r8ise mon8yfor gocial action projects. Ghana Fund created specificallyfrorn a gift direcuy given to support Ghana the lp{en10f whleh Is yet to be declded. CSL Fund derived from a tsne-off donatton specrflcalty fortaxl fares for Individuals nee(fing tran8POrt to Churth from St Leonards community. Cousins Phili irtts Fund ¢atEd IDllowing donabons raised to support a lamijyfor our Church relocating to the Philippin8s to help support a Church plant out there. Foodbank s ecific Grants The last block of funds are generated from granlsldonations given in support of foodbanK to hlghlight a few, grants wwe awarded from Trussell trust, Easl Sussex County Counal, Foreshore Trust and Education fuiures trust. This include5 a Van purchased Ihrou9h the Defra Grant. Bexhill Buildrn Gift Da 2023 Fund ¢ated from donations towards raising funds lor the future intended Purchase of a building lor the Bexhill congregation. Venue Gift Da 2023 Fund created from donab.ons to support new venues {Bexhill and St Leonards). 28
THE HASTINGS COMMUNITY TRUST NOTES TO THE ACCOUNTS {CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST 2024 17 Designated fund5- Comparatlve flgures for Deslgnated Funds overnent of funds Balance at 1 Sept 22 Incornlng resources Resources expended Transfers Balance at 31 August 2023 RelieflCOLF One-off Gifts Poor Funds Transfer Social Action Soraal Projects Overseas mlssion CapitallConting8ncy Building development Ttthe on Venues @ 10% 23.937 21,599 720 31.543 610 18,573 5.078 123,805 155,982 3,192 12.925 115,668 118.7351 12.0321 11,2001 131.5431 (12.3531 18,125 109,285 1.200 50.950 5.157 28,573 ie531 97,549 137.183 {25,9501 1,680 50,950 11.6801 10,000 5.069 126,7021 120,0001 15,0691 1880 {11,0001 446 1.201 1.877 385,038 150.697 {76,863} 111,7021 447,170 These sre dèsignated funds eamiarked by the Trustees for parbculaT purp08e& Movement offunds 8aTan¢e at 1 Sèpt 23 Incoming resources Resources expended Transfèrs Balan¢8 at 31 August 2024 RelieflCOLF One-off Gifts Potsr Funds Transfer Swal Action $al Projects Overseas tni5sion Capilallcontingency Buildin9 development Intest ReiVed rilhe on Venues @ 10% 18.125 109285 7.870 {8,8961 (1,8001 {1,2001 150,9501 (8,9151 17.100 81,984 994 50.501 11,326 12.000 6,382 118,174 138.897 23,111 233 125,5011 968 50.501 25 50.950 5.157 28.573 18531 97.549 137.183 15,085 200 4.235 {16.7731 9,000 20,625 (6.0001 1.714 23.656 1.553 {5451 11.3201 £ 447,170 £ 54,338 £178,306) £ 37.500 £ 460.702 29
THE HASTINGS COMMUNITY TRUST NOTES TO THE ACCOUNTS {CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST 2024 17 Deslgnated funds Icontlnuedl: The purpose of each designated fund 5s as follows: This fund ex15ts to provlde rellef for thg poor and needywthin the fvltowshlp. the fund h8$ been Increased In the year to reflect an 8nllclp8ted in¢r¢as8d ne8d in light of the cost of [Ing crlsls. On¢.Off Glft$ Thls fund was created from warlous largè Dn•-off donation5. Fund sp8clflcally for supportlng vartOU8 one-off needs Idenllfied wllhln our Church famlly and l¢)ral area. Fund$ Fund cr8at8d with thè purpose of covering future costs assoclaled wjth FY 2024 In¢1udlng cost of Intern and Iransler from Venue fund to suppori Bexhill v8nué. cial Action Fund spocifically for soclal acllon Staff costs, Reflect, CAP, SyTlan re8elllemonl and TLG. Soclol P •¢t8 Created from thè transf•r of prior year rela5ned earnlngs from H@6llngs Centra Tradlng Ltd to 6UPPOrt Soclal Projects. rse Anoth8r fund cr081ad by a Ilthe from the Bullding fund. Ihls wlll support tho86 in po8ilron8 of need who are worklng Abroad, partlcularly In church planting and ml88ion. onl anc Orfglnallng from 8t8ff change9 In 2010 resultlng in reducèd eostg, Ihtssè have beèn addod to by bu¢geled Savlngg to provlda a CAshflow r8sourc8 and to allow lor lulure costs 8ndlor d•velownents. din develo ment This fund was establlshed for the acqulsillon and refurbishmenl of the properly known a$"Th8 H881ing8 Cènlra.. 11$ ongoln9 usè Is rèlat8d to dav8lop5ng tha bulldlng In ord8r to provlde 8u118bl8 r8sourc•s for the community. Fund cr88led from Interest recelved Irom cash held. theo ues Fund crèated from 10'h tllh8 on donations into the Venue fund, lo be used on local prolectslsupport ag en roquir8d. fund ck*sed In the y88r. 30
THE HASTINGS COMMUNITY TRUST NOTES TO THE ACCOUNTS {CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST 2024 18 Analysis of net assets between funds Unreslrl¢ted funds Deslgnated funds Restrlcted funds Total Fund balances at 31 August 2023 are represented by.. Tanglble flxed assets Current assets Creditor8'. amounts falllng éue ono year Credltors.. amounts falllng due after moTe th8n on8 year 1,662,894 60,384 1.662.894 898,472 460,702 377,386 176.9291 176.929) {510.6901 1510,890) £ 1,135.6Sg £ 480,702 £ 377.386 £ 1.973.748 19 R•lated party transadlon¥ Th¥re wgro no rg18t8d party transactlons other than tho66 li6tèd in no16 7. 20 Comparatlvo flgur¢* for Statèmènt of Flnanclal Actlvltl•• Unr•stri&d funds D•8lgnatod funds R•strlctod funds Total 2023 Ineomfr and endow Donations And legacies Ch8rftable Acllvllles Olher Irading activities Investments Total Ineomo and •ndowm•nts ts fro 491557 24,STI 445,912 3,059 £ 966,105 150,606 411,538 4,054,701 24,577 445,912 91 £ISO.697 £411,538 £ 1,528,340 Ral$ing Funds 364,909 S.060 369.969 arltable Church Communlty Misslijrt vlll85'. 435.919 82,870 141.708 24,578 63,108 235,503 461.443 155,117 443,989 9,139 86,778 Totsl ¢harltable oxpendltura e60,497 76.863 323,189 1,060,549 Total Expandlture 1,025A06 76.863 32B.249 1.430,518 Net Incomo118xpèndlturo1 Transfers befvveen funds 159.3011 25.398 73,834 (11,7021 83,289 3,69 97.822 N8t movernent In funds 33.903 62.132 69,593 97.822 Fund balaneès at 31 August 2022 £ 1.146.195 £ 385,038 £ 218,473 £ 1,749.706 FurKI balances at 31 August 2023 £1.112292 £ 447,170 £ 288.066 £ 1,84728 31