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2025-08-31-accounts

Docusign Envelope ID: 44A9DD10-BC64-8DE7-8133-39540C9FBB60

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 2025

Docusign Envelope ID: 44A9DD10-BC64-8DE7-8133-39540C9FBB60

THE HASTINGS COMMUNITY TRUST

CONTENTS

Page
Legal and administrative information 1
Trustees' report 2-9
Statement of trustees' responsibilities 10
Independent auditors report 11-13
Statement of financial activities 14
Balance sheet 15-16
Cashflow statement 17
Notes to the accounts 18-29

Docusign Envelope ID: 44A9DD10-BC64-8DE7-8133-39540C9FBB60

THE HASTINGS COMMUNITY TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Paul Rackstraw (Chair)
Natalie Williams
Oliver Dyer
Theresa Mummery – appointed 10 December 2024
Martin Clarke – resigned 22 May 2025
Elizabeth Nevey – resigned 21 June 2025
Company members Paul Mann
Steve Young
Elders Paul Mann
Steve Young
Sam Akrasi
Paul Edworthy – resigned 30 April 2025
Richard Wilson
Charity number 1081252
Company number 3990390
Registered office Hastings Centre
The Ridge
Hastings
TN34 2SA
Senior statutory auditor Shona Wardrop C.A (Senior Statutory Auditor)
Chariot House
44 Grand Parade
Brighton
East Sussex
BN2 9QA
Solicitors DMH Stallard
The Portland Building
27-28 Church Street
Brighton
BN1 1RB
Bankers Barclays Bank Plc
South East Sussex Group
PO Box 78
TN34 1ZA

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Docusign Envelope ID: 44A9DD10-BC64-8DE7-8133-39540C9FBB60

THE HASTINGS COMMUNITY TRUST

TRUSTEES’ REPORT FOR THE 12 MONTHS ENDED 31 AUGUST 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

The trustees, who are also directors for the purpose of company law, who served during the period were:

Paul Rackstraw (Chair) Natalie Williams Oliver Dyer Theresa Mummery – appointed 10 December 2024 Martin Clarke – resigned 22 May 2025 Elizabeth Nevey – resigned 21 June 2025

Recruitment and appointment of trustees

The directors of the company are also charity trustees for the purposes of charity law and under the company’s articles are known as trustees.

The articles stipulate that a trustee must be aged 18 or over and acknowledge to the satisfaction of the trustees his or her acceptance of, and belief in, the Statement of Faith.

New trustees must be recommended by the existing trustees. Trustees may not receive any remuneration for being a trustee other than professional services provided as permitted by the articles. In practice trustees provide their services 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 Church 1066 (previously 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 practice, the members are drawn from the elders of King’s Church, subject to there being no conflict with other roles they fulfil.

Trustees are recruited from members of King’s Church of several years’ standing. They are chosen for their ability to contribute to the efficient and effective management of the charity’s business. Skills presently represented include management, commerce, property, engineering, law and communications. The trustees are alert to the need to expand their skill base as and when considered appropriate.

Trustee induction and training

Being appointed from members of King’s Church, new trustees already have a relationship with the existing members and trustees. They are invited to read previous minutes to familiarise themselves with the manner in which the Hastings Community Trust operates. They bring their own skills to the trustee board and are encouraged to expand these on an ongoing basis. Future new trustees will be required to familiarise themselves with the Charity Commission guidance via “The Essential Trustee”. Regular updates from Chariot House, provide opportunities for training seminars to which all our trustees have access.

Risk management

The trustees review the range of risks to which the charity is exposed in areas such as premises, children’s and young people’s work, safeguarding, pastoral, finance, reputation, data sharing, health & safety, and outreach. Advice is taken from suitablyqualified church members in these areas as well as from the charity’s accountants and other professional advisers. Policies for safeguarding children and vulnerable adults are published and are implemented. Financial management systems for cash handling and the authorisation of transactions are in place. Each area is subject to periodic review by comparison with best practice. Appropriate insurance is in place, via brokers competent in this field, to protect the interests of the charity, its employees and trustees. The trustees and senior managers make regular reviews of our risk register to assess current risks and identify new risks. Control measures are then established to mitigate the risks accordingly.

Pay and remuneration

The pay and remuneration of all staff is reviewed by the trustees on an annual basis.

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THE HASTINGS COMMUNITY TRUST

TRUSTEES’ REPORT (CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST 2025

Organisational Structure

Trustees

Meetings are held five times a year in which reports are received, as appropriate, from trustees and/or senior management team according to their areas of specialisation.

When necessary, subgroups are formed to address issues using church members and others, who are not trustees, but have specialised knowledge and skills. An example is the safeguarding team. A trustee is designated to oversee the work of each subgroup.

Elders (members)

The elders exercise day-to-day management of church affairs, supported by the senior management team. Although primarily spiritual, their leadership role encompasses the whole range of church activities. Two of the eldership team are company members.

Senior management team

The senior management team is comprised of two of the elders, the operations director and the finance director. They are responsible for the following areas: church activities and events, pastoral support, human resources, administration, finance, and the management of Hastings Centre Trading Ltd.

Related parties

King’s Church 1066 has a long and meaningful history with Newfrontiers www.newfrontierstogether.org a worldwide family of churches. In January 2025, King’s Church 1066 changed from one Newfrontiers “sphere” to another.

Through discussion with the leaders of NewGround (the previous sphere) and ChristCentral Churches, King’s Church 1066 made the transition from NewGround to ChristCentral. The move was carefully planned, timely and smooth. There was no noticeable impact on governance, finance, partnerships, reporting or the health of the charity.

ChristCentral Churches is a network (or family) of evangelical Christian churches that work together for mission, leadership, and church planting.

ChristCentral churches generally share these characteristics:

King’s Church 1066 is a member of the Evangelical Alliance, an association of mainstream UK Evangelical churches. www.ea.org

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THE HASTINGS COMMUNITY TRUST

TRUSTEES’ REPORT (CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST 2025

OBJECTIVES AND ACTIVITIES

The objectives of the charity (which is a public benefit entity) are to:

Activities undertaken in seeking to achieve these objectives include:

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Church Community Mission
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Church
Community
Mission		 Church
Community
Mission		 Church
Community
Mission
Sunday meetings (various locations)
Prayer meetings
Children’s groups
Youth work
Newday
Discipleship groups
Mid-week church life		 Connect Groups
Hope at King’s
Totz Klub
Baby Basics
Reflect
CAP
Transom Trust
Foodbank
TLG (Transforming Lives for Good)		 Hastings Centre
Alpha
Overseas
Newfrontiers/ ChristCentral Churches

These have been formulated regarding the Charity Commission’s guidance; 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 outlined above are as follows:

CHURCH

Future plans

The elders are seeking to implement the agreed vision and strategy for the church through to 2030 and beyond. This includes proposals for extending the reach of the church beyond Hastings and Bexhill to the surrounding region known as “1066 Country”.

The launch of another Sunday meeting venue in Central St Leonards took place during the period, with weekly Sunday meetings being held in a local primary school.

Over the longer term, multiple other venues will be explored throughout the 1066 region. Regular preaching and news updates enable the church to be envisioned in this way.

Sunday meetings

Sunday meetings in all three locations (Hastings, Bexhill and Central St Leonards) continue in line with our charitable purposes.

New visitors are regularly welcomed. Biblical teaching, freedom to worship and the input from volunteer teams facilitates all aspects of the Sunday morning meetings, mid-week church life and prayer times. There is a full programme of mid-week activities including small groups, prayer and congregational meetings. Children’s and youth activities have continued to thrive.

Across all three venues, biblical topics and teaching are intentionally and prayerfully chosen to support people in all walks of life. Not only is this in relation to the preach series delivered to adults but also content that is relevant and engages children and youth in their sessions.

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THE HASTINGS COMMUNITY TRUST

TRUSTEES’ REPORT (CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST 2025

The online streaming of the Sunday meetings from the Hastings venue continues to support those who require an alternative to in-person gathering and to also provide easy access to those new to church who want to look in.

The Sunday weekly gatherings of the congregations, friends and visitors, along with the online community, are able to, on average, attract around 500 people each week.

Many church members volunteer with our community engagement projects such as Totz Klub, Hastings Foodbank, Baby Basics Hastings and Rother, TLG, Reflect and Transom Trust. A good number of volunteers from outside the church circle also volunteer with projects such as Hastings Foodbank and Baby Basics. We continue to partnership with a number of other agencies including Citizen’s Advice, Bexhill Foodbank, Christians Against Poverty, Homeless Unity Group and Churches Together in Bexhill.

In March 2025 a second property was purchased: the former Methodist Church in Sackville Road, Bexhill, is now the meeting place of the Bexhill congregation every Sunday. Mid-week activities such as prayer meetings, and Bexhill Totz Klub also take place in the building.

Children’s groups on Sundays

The Sunday children’s groups for children aged 0-11 have continued with 3 groups running in Hastings, also now 3 in Bexhill, and a small, emerging provision for the under 11s in the Central St Leonards congregation. The children have grown in their faith through the opportunities to explore Christianity with fun activities, Bible stories, worship and prayer times and a chance to question at a deeper level. Many children bring their friends to church and some children have attended out of interest, bringing their families 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 friendship draws up to 70 young people every week. Many of the teenagers are from families within the Hastings and Bexhill congregations but there is also a substantial number of guests. These regular events play a considerable role in developing the mental and spiritual capacity of the young people in our care.

In August 2025, we took around 80 young people to Newday, a summer camp festival organised by the Newfrontiers family of churches.

Discipleship groups

Various discipleship groups, which are an integral part of our church calendar, continue to support people who have been exploring the Christian faith, but they also offer opportunities to find out more about joining King’s Church, enrich marriages, develop parenting skills, and study the Bible.

In line with our charitable purposes, many individuals are able to find emotional and pastoral support, fellowship, and friendship through the various courses available.

Connect Groups

Connect groups 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 life, where emotional, physical and spiritual support is in place. Regular Bible teaching and prayer are frequent and important foundations of these groups.

Alpha

Alpha is an internationally-recognised course designed for those who wish to explore the Christian faith in greater depth. King’s Church runs the Alpha course several times a year. Visitors report the warmth and hospitality they receive helped them to feel safe and relaxed.

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THE HASTINGS COMMUNITY TRUST

TRUSTEES’ REPORT (CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST 2025

COMMUNITY

Totz Klub

Totz Klubs run all year in term time in Hastings and Bexhill and at 2 venues in neighbouring Battle (a small town in the region known as “1066 Country”). The groups provide safe, fun environments where children under 4 and their parents and carers can socialise and build friendships. There is always a wide range of excellent activities to explore, and a Bible story is read in each venue at the end of the sessions. All the groups are popular with regular attendees who give feedback on the excellence of the team and the activities.

Hope at King’s

This is a designated space in our building that is for use by community and social action projects that are alleviating local poverty. It is used every week by some of our own projects, such as Hastings Foodbank and Baby Basics, but is also available to other local charities and statutory agencies who are supporting local people facing poverty or injustice.

Reflect

The project offers pregnancy choices counselling and support. The volunteer teams also have opportunities to visit local secondary schools and other events.

Baby Basics

Community health visitors 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.

Christians Against Poverty (CAP)

Debt advice and support is available to those in need of financial advice. As a church, we have also supported the Bexhill CAP Debt Centre during this period.

Transom Trust

This inter-church project now has a growing number of bed spaces in properties (in Bexhill, as well as Hastings) for men who were previously homeless or in situations of housing uncertainty. Each of the residents has received pastoral support from the Transom team.

Foodbank

Hastings Foodbank continues to see increasing referral numbers, as people are affected by the cost-of-living crisis, as well as the ongoing impact of the pandemic and changes to benefits. Foodbank continues to supply food parcels to local households in need. Many foodbank clients vocalise 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 Hastings Foodbank in Hawkhurst continue. Plans are underway to establish another satellite foodbank in a local Hastings housing estate.

Transforming Lives for Good (TLG)

TLG early intervention coaching continues with 1:1 sessions in local primary schools. Coaching provides support in raising selfawareness and building confidence. Many families attend regular TLG family events with the coaches at the church throughout the year, which building good connections. The King’s 1066 TLG team received recognition for the success of their work from the national TLG team.

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THE HASTINGS COMMUNITY TRUST

TRUSTEES’ REPORT (CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST 2025

MISSION AND OUTREACH

Hastings Centre

Hastings Centre Trading Ltd continues to operate as a subsidiary of the charity, with the four income streams being: room hire, catering, car parking and a coffee shop. Various branches of the NHS continue to hire car parking space and rooms for training sessions and National Blood Donation Services. During the period the DVSA have hired office space for their examiners’ team and their enforcement team. And day-to-day regular hires inhabit the building with dance and exercise classes, with many of the families making good use of the onsite coffee shop during their visits.

The limited company’s directors are made up of some of two of the charity’s trustees, one company member and a senior employee.

Overseas

We maintain strong friendship links with 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 diversity.

ChristCentral Churches

ChristCentral is a family of churches served by an apostolic team led by Jeremy Simpkins. This team works with over 275 churches in more than 25 nations and is part of the wider Newfrontiers family. The network carries the prophetic call that ‘we can do more together than apart’ and serves many churches and church plants in various parts of the world.

ChristCentral churches are found in:

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THE HASTINGS COMMUNITY TRUST

TRUSTEES’ REPORT (CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST 2025

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 stewarding and management, children’s and youth activities and all the community activities of the charity.

The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

Principal funding sources

Voluntary all, income from Hastings Centre Trading Ltd, special gift days, Gift Aid.

Investment policy

King’s Church 1066 seldom has significant 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 more 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 funds, and free reserves.

Restricted funds

These represent donations for specific activities, and our policy is to expend these funds as quickly as possible to benefit the recipients. At 31 August 2025 the restricted funds stood at £604,970 (August 2024 - £377,386).

Designated funds

At various times it has been considered beneficial by the trustees to allocate reserves to particular projects. Budgets are prepared and expenditure distributed in line with these budgets. At 31 August 2025 the designated funds stood at £472,919 (August 2024 - £460,702).

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 £158,573 which equates to approx. 3.5 months of regular church income (August 2024 - £151,498).

The trustees are satisfied that the charity is a going concern and that there are no material uncertainties about the charity’s ability to continue in operation.

Minimum capitalisation policy

In common with other charities, King’s Church reviews 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.

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THE HASTINGS COMMUNITY TRUST

TRUSTEES’ REPORT (CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST 2025

Hastings Centre Trading Ltd has now been operating as a separate trading company since September 2014 and has established a strong local brand. The company is a wholly owned subsidiary of Hastings 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 trustees have taken all steps that they ought to have taken to make themselves aware of any information needed by the charity’s auditors for the purposes of their audit and to establish that the auditors are aware of that information.

A resolution proposing that Chariot House be reappointed as independent auditors of the charity will be put to the annual meeting. On behalf of the board of trustees,

Paul Rackstraw (Chair of Trustee’s)

Date: 08 May 2026

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THE HASTINGS COMMUNITY TRUST

STATEMENT OF TRUSTEES’ RESPONSBILITIES

Company law requires trustees to prepare accounts for each financial year which give a true and fair view of the charitable company's state of affairs at the end of the year and of its income and expenditure for that period.

In preparing those accounts, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them 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.

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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 'charitable company') (the ‘parent company’) and its subsidiaries (‘the group’) for the year ended 31 August 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement, 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 (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards 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 have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern.

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you were:

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, 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 this 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 understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report, included within the trustee’s annual report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion,

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE HASTINGS COMMUNITY TRUST (CONTINUED)

Responsibilities 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 being 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 misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, 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) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Based on our understanding of the charity and its activities, and through discussion with the trustees and management, we identified the principal risks and considered the extent to which these would have a material impact on the financial statements. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included 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 financial statements or that had a fundamental effect on the operations of the charity from our professional and sector experience.

We performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud, and reviewed significant or unusual transactions to identify their 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 relating to:

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE HASTINGS COMMUNITY TRUST (CONTINUED)

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission, or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Shona Wardrop C.A (Senior Statutory Auditor) for and on behalf of Chariot House Limited Chartered Accountants and Statutory Auditors 44 Grand Parade Brighton East Sussex BN2 9QA 08 May 2026 Date: .............................................

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THE HASTINGS COMMUNITY TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT FOR THE 12 MONTHS ENDING 31 AUGUST 2025

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12 months
Unrestricted Designated Restricted Total to 31 August
funds funds funds 2025 2024
Notes £ £ £ £ £
Income and endowments from:
Donations and legacies 2 538,613 93,043 641,345 1,273,001 1,108,697
Charitable Activities 3 15,304 - 1,669 16,973 20,459
Other trading activities 4 588,696 - - 588,696 573,308
Investments 5 - 28,916 - 28,916 24,231
Total Income and endowments £ 1,142,613 £ 121,959 £ 643,014 £ 1,907,586 £ 1,726,695
Expenditure On: 6
Raising Funds 474,263 1,237 7,489 482,989 416,526
Charitable activities:
Church 570,789 43,816 28,253 642,858 487,116
Community 150,142 586 102,057 252,785 177,663
Mission 69,620 75 248,595 318,291 519,170
Total charitable expenditure 790,552 44,477 378,905 1,213,934 1,183,949
Total Expenditure 1,264,814 45,714 386,394 1,696,923 1,600,475
Net Income/(expenditure) (122,202) 76,245 256,620 210,664 126,220
Transfers between funds £ 93,064 £ (64,028) £ (29,036) - -
Net movement in funds (29,138) 12,217 227,584 210,664 126,220
Fund balances at 31 August 2024 £ 1,135,660 £ 460,702 £ 377,386 £ 1,973,748 £ 1,847,528
Fund balances at 31 August 2025 £ 1,106,522 £ 472,919 £ 604,970 £ 2,184,412 £ 1,973,748
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The statement of financial activities also complies with the requirements for an income and expenditure accounts under the Companies Act 2006 and includes all gains and losses recognised in the year. All of the above figures were derived from continuing activities.

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THE HASTINGS COMMUNITY TRUST

CONSOLIDATED BALANCE SHEET AS AT 31 AUGUST 2025

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2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 10 2,196,276 1,662,894
Current assets
Debtors 12 142,737 59,992
Cash at bank and in hand 679,646 838,480
822,383 898,472
Creditors: amounts falling due within
one year 13 (170,962) (76,929)
Net current assets 651,421 821,543
Total assets less current liabilities 2,847,697 2,484,438
Creditors: amounts falling due after
more than one year 14 (663,285) (510,690)
Net assets £ 2,184,412 £ 1,973,748
Income funds
Restricted funds 16 604,970 377,386
Designated funds 17 472,919 460,702
Other charitable funds 1,106,522 1,135,660
£ 2,184,412 £ 1,973,748
-
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The accounts were approved by the Board on: 08 May 2026

Paul Rackstraw Chair of Trustees

The Hastings Community Trust, a company limited by guarantee. Registered in England No. 3990390 Registered as a charity No. 1081252

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THE HASTINGS COMMUNITY TRUST

(Company Number: 3990390)

BALANCE SHEET AS AT 31 AUGUST 2025

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2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 10 2,196,276 1,662,894
Investments 11 1 1
Current assets
Debtors 12 229,515 126,750
Cash at bank and in hand 612,320 780,030
841,834 906,780
Creditors: amounts falling due within
one year 13 (150,051) (70,412)
Net current assets 691,784 836,368
Total assets less current liabilities 2,888,061 2,499,264
Creditors: amounts falling due after
more than one year 14 (663,285) (510,690)
Net assets 2,224,775 £ 1,988,573
Income funds
Restricted funds 16 604,970 377,386
Designated funds 17 472,919 460,702
Other charitable funds 1,146,886 1,150,484
2,224,775 £ 1,988,573
----- End of picture text -----

The accounts were approved by the Board on: 08 May 2026

Paul Rackstraw

Chair of Trustees

The Hastings Community Trust, a company limited by guarantee. Registered in England No. 3990390 Registered as a charity No. 1081252

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of accounts

These account have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

16

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THE HASTINGS COMMUNITY TRUST

CONSOLIDATED CASHFLOW STATEMENT AS AT 31 AUGUST 2025

----- Start of picture text -----
2025 2024
£ £
Cash flows from operating activities:
Net Income/(expenditure) 210,664 126,220
Adjustments for:
Depreciation 56,208 50,276
(Increase)/Decrease in Debtors (82,745) (7,023)
Increase/(Decrease) in Creditors 94,033 (9,077)
Net cash generated from operating activities 278,160 (160,396)
Cash flows from Investing activities:
Purchase of tangible fixed assets (589,590)
Net cash used in investing activities (589,590) -
Cash flows from Financing activities:
Repayment of Loans (87,404) (40,965)
Interest Free Loans received in year 240,000
Net cash used in financing activities 152,596 (40,965)
Net increase/(decrease) in cash and cash equivalents (158,834) 119,431
Cash and cash equivalents at beginning of year 838,480 719,049
Cash and cash equivalents at end of year 679,646 838,480
Analysis of changes in net debt
Cash and cash equivalents
Cash at bank and in hand 679,646 838,480
-
----- End of picture text -----

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THE HASTINGS COMMUNITY TRUST

NOTES TO THE ACCOUNTS

FOR THE 12 MONTHS ENDED 31 AUGUST 2025

1 Accounting policies
1.1 Basis of preparation
The financial statements have been prepared in accordance with the charity’s governing
document, the Companies Act 2006 and “accounting and reporting by Charities; Statement
of Recommended Practice applicable to charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019)
The financial statements are prepared in sterling, which is the functional currency of the charity
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. Assets and liabilities
are initially recognised at historical cost or transactions value unless otherwise stated in the relevant accounting policy.
The principal accounting policies adopted are set out below.
The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern
and have considered a period of 12 months from the date of signing of the accounts.
1.2 Income and endowments
All incoming resources are included in the statement of financial activities when the charity's entitlement to
the income is probable and the amount can be quantified with reasonable accuracy. The following specific policies
are applied to particular categories of income:
Voluntary income is received by way of grants, legacies, investment income, fundraising, donations and gifts and is
included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on
the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to
the grant.
Where appropriate, donated services and facilities are included at the value to the charity where this can
be quantified. The value of services provided by volunteers has not been included in these accounts.
Investment income is included when receivable.
1.3 Income Recognition
Income is recognised in the Statement of Financial Activities when the charity is entitled to the income, the amount can be
measured reliably, and it is probable that the income will be received.
Donations and legacies
Recognised when the charity has confirmation of entitlement and the value can be established with reasonable certainty.
Grants and contract income
Recognised when any performance‑related conditions have been met or when the charity has an unconditional right to the
income. Where income is subject to conditions that have not yet been satisfied, it is deferred.
Income from charitable activities
Recognised as the related goods or services are delivered.
Investment income
Recognised on a receivable basis once the amount can be measured reliably. The charity applies the accruals basis of accounting,
recognising income in the period to which it relates rather than when cash is received.
1.4 Expenditure
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT
which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of raising funds comprise the costs associated with attracting voluntary income and the costs
of trading for fundraising purposes.
Charitable activities comprises those costs incurred by the charity in the delivery of its activities for its
beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an
indirect nature necessary to support them.
All costs are allocated between expenditure categories of the SOFA on a basis designed to reflect the
use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on
an appropriate basis as described within note 6.
1.5 Tangible fixed assets and depreciation
Fixed assets (excluding investments) are stated at cost less accumulated depreciation. Depreciation is
provided at rates calculated to write off the cost less estimated residual value of each asset over its
expected useful life, as follows:
Freehold land is not depreciated
Freehold buildings
2% Straight Line Basis
Plant and equipment
15% Straight Line Basis
Fixtures, fittings and office equipment
15% Straight Line Basis
1.6 Pensions
The charity operates a defined contribution pension scheme under which contributions by employees and
by the company are held in trust funds separate from the charity's finances. The pension cost charge
represents the contributions payable by the charity under the rules of the scheme.

18

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THE HASTINGS COMMUNITY TRUST

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST 2025

1 Accounting policies (continued):
1.7 Fund Accounting
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes
and uses of the restricted funds are set out in the notes to the accounts.
Designated funds comprise funds which have been set aside at the discretion of the trustees for specific
purposes. The purposes and uses of the designated funds are set out in the notes to the accounts.
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the objectives of
the charity.
**1.8 ** Public Benefit entity
The charitable company meets the definition of a public benefit entity under FRS102.
**1.9 ** Taxation
As the charity’s activities fall within the exemptions afforded by the provisions of the Corporation Tax Act 2010 and s256 of the
income or capital gains received to the extent that such income or gains are applied exclusively to charitable purposes.
**1.10 ** Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions
about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and associated
actual results may differ from these estimates. Assumptions are based on historical experience and other factors considered to be
relevant. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognised in the period in which the estimate is revised where the revision only affects that period, or in the period of the revision
and future periods where the revision affects both. The Trustees consider that the most material judgement applied was with regard
to the depreciation charged.
**1.11 ** Financial instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments
are initially recognised at transaction value and subsequently measured at their settlement value.
Debtors
Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the
amount prepaid net of any trade discounts.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result
in measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any
trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

19

Docusign Envelope ID: 44A9DD10-BC64-8DE7-8133-39540C9FBB60

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE 12 MONTHS ENDED 31 AUGUST 2025

----- Start of picture text -----
2 Income from Donations and Legacies
Unrestricted Designated Restricted Total Total
funds funds funds 2025 2024
£ £ £ £ £
Donations and Legacies £ 538,613 £ 93,043 £ 641,345 £ 1,273,001 £ 1,108,697
Donations and Legacies
Unrestricted funds:
Weekly and monthly offerings 455,301 465,817
Tax repayments 83,311 76,185
Grants and other income - -
£ 538,613 £ 542,002
Designated funds:
Weekly and monthly offerings and gift days 92,090 29,242
Legacies - -
Tax repayments 953 865
Grants and other income - -
£ 93,043 £ 30,107
Restricted funds:
Weekly and monthly offerings 332,419 234,192
Tax repayments 50,265 15,003
Grants and other income 258,661 287,393
£ 641,345 £ 536,589
3 Income from Charitable Activities
Unrestricted Designated Restricted Total Total
funds funds funds 2025 2024
£ £ £ £ £
Income from activities to
further charity's objects £ 15,304 - 1,669 £ 16,973 £ 20,459
Charitable Activities
Unrestricted funds:
Book sales - -
Regular activities 8,211 11,626
Special events 7,092 8,833
£ 15,304 £ 20,459
Restricted funds:
Regular activities 1,669 -
£ 1,669
----- End of picture text -----

20

Docusign Envelope ID: 44A9DD10-BC64-8DE7-8133-39540C9FBB60

THE HASTINGS COMMUNITY TRUST

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST 2025

----- Start of picture text -----
4 Income from other Trading Activities
Unrestricted Designated Total Total
funds funds 2025 2024
£ £ £ £
Trading Activities - Hastings Centre 588,696 - £ 588,696 £ 573,308
5 Income from Investments
2025 2024
£ £
Investment receivable - unrestricted fund - -
Investment receivable - designated fund 28,916 24,231
£ 28,916 £ 24,231
6 Expenditure
Staff Depreciation Other Total Total
costs costs 2025 2024
£ £ £ £ £
Costs of Raising funds
Costs of activities to raise funds 285,703 20,514 176,772 482,989 416,526
Charitable activities
Church
Activities undertaken directly 178,854 10,166 117,841 306,861 227,039
Support costs 224,139 10,348 101,510 335,997 260,075
Total 402,993 20,514 219,351 642,858 487,116
Community
Activities undertaken directly 109,262 8,714 72,546 190,522 134,739
Support costs 24,546 5,195 32,523 62,263 42,922
Total 133,808 13,909 105,069 252,785 177,663
Mission
Activities undertaken directly 10,033 121.00 242,024 252,178 485,988
Support costs 31,546 1,150 33,417 66,113 33,182
Total 41,579 1,271 275,441 318,291 519,170
578,379 35,694 599,861 1,213,934 1,183,949
864,082 56,208 £ 776,633 £ 1,696,923 £ 1,600,475
----- End of picture text -----

Auditors' remuneration for the year amounted to £10,000 in respect of the audit of the group companies.

21

Docusign Envelope ID: 44A9DD10-BC64-8DE7-8133-39540C9FBB60

THE HASTINGS COMMUNITY TRUST

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST 2025

7 Institutional Grants

The following institutional grants were paid in the year:

Institutions:
Newground (NF Kent & Borders)
Christ Central
TLG
Jubilee+
CAP Bexhill-on-Sea
Hastings & St Leonards CAP
Transom Trust
Baby Basics
Total		 2025
£
6,667
19,000
900
1,200
2,000
2,000
2,000
300
34,067

8 Trustees

The following related party transactions were made during the period:

Natalie Williams (trustee) is also CEO and Trustee for Jubilee+, on the advisory committee for TLG (Transforming lives for good). Transactions between these entities and The Hastings Community Trust in the year amounted to a £1,200 to Jubilee+ and £900 to TLG.

With the exception of those noted above none of the trustees (or any person connected with them) received any remuneration or reimbursed expenses during the period.

9 Employees

Number of employees

The average monthly number of employees during the period was:

Direct charitable
Direct (Hasting Centre Trading)
Administrative
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
10
10
19
39
2025
£
748,108
63,973
52,001
864,082		 2024
Number
10
10
18
38
2024
£
662,478
51,480
46,534
£ 760,492

Remuneration

During the reporting period the average number of employees was 39. Only 10 of these persons were working full time and no one received benefits of more than £60,000 in the year. The total employee benefits received by the key management personnel (6), was £244,724 (Gross Pay, Eer's NI & Eer's Pension).

(In FY 2024, 4 persons in total at a cost of £156,504). One-off Exgratia payment in the year totalled £4,500

22

Docusign Envelope ID: 44A9DD10-BC64-8DE7-8133-39540C9FBB60

THE HASTINGS COMMUNITY TRUST

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE 12 MONTHS ENDED 31 AUGUST 2025

10
Tangible fixed assets
Cost
At 1 Sept 2024
Disposals
Additions
At 31 August 2025
Depreciation
At 1 Sept 2024
Disposals
Charge for the year
At 31 August 2025
Net book value
At 31 August 2025
At 31 August 2024		 Vehicles
£
20,828
20,828
16,663
4,165
20,828
-
£
4,165		 Freehold
Property
£
2,655,835
549,755
3,205,590
997,106
49,773
1,046,879
£ 2,158,711
£ 1,658,729		 Plant and
equipment
£
325,966
(325,966)
6,500
6,500
325,966
(325,966)
387
387
£ 6,113
-		 Fixtures,
fittings and
office
equipment
£
57,884
(57,884)
33,335
33,335
57,884
(57,884)
1,882
1,882
£ 31,452
-		 Total
£
3,060,513
(383,850)
589,590
3,266,253
1,397,619
(383,850)
56,208
1,069,976
£ 2,196,276
£ 1,662,894

11 Investments

The charity has an investment of £1 representing its 100% ownership of all the ordinary shares of £1 each in Hastings Centre Trading Ltd (Company number 05222534), previously a dormant company, which commenced active trading on 1 Sept 2014.

For year ending 31 August 2025, Hastings Centre Trading Ltd Income totalled £588,696, expenditure was also £591,529 the year, therefore resulting in a loss of £2,833

The year end Net Current Asset position was £1.

12
Consolidated
Debtors
Trade debtors
Hastings Community Trust
Debtors
Trade debtors
Owed by Subsidiary company		 2025
£
142,737
£ 142,737
2025
£
127,433
102,079
£ 229,513		 2024
£
59,992
£ 59,992
2024
£
37,536
89,214
£ 126,750

23

Docusign Envelope ID: 44A9DD10-BC64-8DE7-8133-39540C9FBB60

THE HASTINGS COMMUNITY TRUST

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE 12 MONTHS ENDED 31 AUGUST 2025

----- Start of picture text -----
13 Consolidated
Creditors: amounts falling due within one year
2025 2024
£ £
Bank loan 49,869 49,869
Interest free loans 50,000 -
Trade creditors 29,610 5,690
Taxes and social security costs 31,294 17,949
Accruals 10,189 3,421
£ 170,962 £ 76,929
Hastings Community Trust
2025 2024
£ £
Bank loan 49,869 49,869
Interest free loans 50,000 -
Trade creditors 10,838 2,305
Taxes and social security costs 31,274 17,293
Accruals 8,069 945
£ 150,051 £ 70,412
14 Creditors: amounts falling due after more than one year
2025 2024
£ £
Bank loan 461,285 498,690
Interest free loans 202,000 12,000
£ 663,285 £ 510,690
Analysis of loans
Bank loan 511,154 548,559
Interest free loans 252,000 12,000
Total repayable £ 763,154 £ 560,559
Amounts due after more than 5 years 261,811 299,214
Amounts due with 2 to 5 years 401,475 211,476
Repayable after more than one year £ 663,285 £ 510,690
Amounts due within one year 99,869 49,869
£ 763,154 £ 560,559
----- End of picture text -----

The loan is secured on the freehold property.

15 Share capital

The company is limited by guarantee and does not have share capital. The liability of each member is limited to a maximum of £10.

24

Docusign Envelope ID: 44A9DD10-BC64-8DE7-8133-39540C9FBB60

THE HASTINGS COMMUNITY TRUST

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE 12 MONTHS ENDED 31 AUGUST 2025

16 Restricted funds:

Comparative figures for Restricted Funds
Bexhill Fund
Venues
Charity for Kids
Baby Basics
Bootfairs
Children's Work
Mumbai Children's Centre
Newground
Link Lunch
Youth
Anti-Trafficking
Discovery Anti-Trafficking
Foodbank
FB Acts 435
Foodbank Crisis Fund
Social Action Gift Day
Ghana
CSL Donation
Cousins Philippines
ESCC Household Support Round 4
Financial Inclusion Grant Income
Foodbank Reserve Fund
(FSN) Household Support
Foodbank Christmas Fund
Foodbank Lottery Fund Grant
Foodbank Easter Fund
ESCC Household Support Round 5
Bexhill Building Gift Day 2023
EFT Food Grant
Venue Gift Day 2023
H&R Samaritans
Defra Vehicle (Foodbank)		 Balance at
1 Sept 23
£
2,000
2,805
1,740
5,449
486
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
-
-
-
-
-
-
-
-
-
8,331
£ 288,066		 Incoming
resources
£
-
-
54
1,931
1,555
-
15
12,633
-
1,125
-
-
108,068
200
-
50
-
-
8,023
37,576
47,814
-
20,230
6,250
133,188
6,250
33,271
35,184
9,345
72,260
1,568
-
£ 536,589
Mo		 Resources
expended
£
-
-
(1,794)
(5,662)
(1,922)
(52)
(5,029)
(11,000)
-
-
-
(49)
(68,957)
-
(8,006)
(13,541)
-
-
(13,135)
(63,987)
(30,780)
(6,250)
(18,910)
(5,093)
(118,401)
(6,250)
(5,454)
(3,065)
(9,345)
(29,544)
-
(4,166)
£ (430,393)
vement of funds		 Transfers
£
-
(2,805)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
8,125
-
-
-
-
-
-
-
-
19,182
-
(41,377)
-
-
£ (16,875)		 Balance at
31 August
2024
£
2,000
-
-
1,718
119
1,896
2,569
12,195
766
2,396
256
1,057
173,556
930
11,591
13,164
160
200
8,394
-
40,966
-
1,320
1,157
14,787
-
27,817
51,300
-
1,339
1,568
4,165
£ 377,386

25

Docusign Envelope ID: 44A9DD10-BC64-8DE7-8133-39540C9FBB60

THE HASTINGS COMMUNITY TRUST

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE 12 MONTHS ENDED 31 AUGUST 2025

16 Restricted funds (continued):

Bexhill Fund
Youth
Foodbank
Foodbank Crisis Fund
Social Action Gift Day
Financial Inclusion Grant Income
Foodbank Lottery Fund Grant
Bexhill Building GD 2023 (CAF)
Bexhill Building GD Feb 25 (CAF)
Other Funds		 Balance at
1 Sept 24
£
2,000
2,396
173,556
11,591
13,164
40,966
14,786
51,300
67,627
£ 377,386		 Incoming
resources
£
115,451
41,441
139,728
10,000
229,692
106,703
£ 643,015
Mo		 Resources
expended
£
(8)
(28,313)
(5,949)
(45,303)
(130,906)
(1,000)
(22,992)
(151,923)
£ (386,395)
vement of funds		 Transfers
£
(6,955)
(12,600)
(9,481)
£ (29,036)		 Balance at
31 August
2025
£
2,000
2,388
260,694
5,642
6,209
37,103
11,008
60,300
206,700
12,926
£ 604,970

Bexhill Fund

Fund created specifically from a one-off donation with the purpose of supporting social action projects focused towards the Bexhill Community.

Youth

This fund arose from specific donations for youth activities, which were unable to be spent during the previous and current year.

Foodbank

Since setting up the Foodbank a few years ago, we have received interest from individuals and churches around the town, many of whom donate food to regularly. Some, however, give donations to support the project. Over the past year we have seen increased support from the community and Government through donations

and Grants to support with the increased demand as a result of the coronavirus pandemic and now the cost of living crisis.

Foodbank Crisis Fund

This fund is derived from various one-off gifts specifically to support those who use the foodbank and are known to be in urgent need of support.

Social Action Gift Day

This fund was created to receive donations from a Gift Day in February 2020 specifically to raise money for social action projects.

Foodbank specific (Grants)

The last block of funds are generated from grants/donations given in support of foodbank, to highlight a few, grants were awarded from Trussell trust, East Sussex County Council, Foreshore Trust and Education futures trust. This includes a Van purchased through the Defra Grant.

Bexhill Building Gift Day(s) 2023 & Feb 2025

Fund created from donations towards raising funds for the Bexhill Building (Sackville Road) funds classified as "Capital Asset Funds"

Other Funds

These are funds with small balances held as restricted for specific purposes.

26

Docusign Envelope ID: 44A9DD10-BC64-8DE7-8133-39540C9FBB60

THE HASTINGS COMMUNITY TRUST

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE 12 MONTHS ENDED 31 AUGUST 2025

17 Designated funds:

Comparative figures for Designated Funds
Relief/COLF
One-Off Gifts
Poor
Funds Transfer
Social Action
Social Projects
Overseas mission
Capital/Contingency
Building development
Interest Received
Tithe on Venues @ 10%		 Movement of f
Balance at
1 Sept 23
£
18,125
109,285
1,200
50,950
5,157
28,573
(853)
97,549
137,183
-
£ 447,170		 unds
Incoming
resources
£
7,870
-
25.00
-
15,085
200.00
4,235.00
-
1,714
23,656
1,553
£ 54,338		 Resources
expended
£
(8,896)
(1,800)
(1,200)
(50,950)
(8,915)
-
(6,000)
-
-
(545)
-
£ (78,306)		 Transfers
£
-
(25,501)
968
50,501
-
(16,773)
9,000
20,625
-
-
(1,320)
£ 37,500		 Balance at
31 August
2024
£
17,100
81,984
994
50,501
11,326
12,000
6,382
118,174
138,897
23,111
233
£ 460,702

These are designated funds earmarked by the Trustees for particular purposes.

Relief/COLF
One-Off Gifts
Poor
Funds Transfer
Social Action
Social Projects
Overseas mission
Capital/Contingency
Building development
Bexhill Building (Capital Asset Fund)
Interest Received
Tithe on Venues @ 10%		 Movement of f
Balance at
1 Sept 24
£
17,100
81,984
994
50,501
11,326
12,000
6,382
118,174
38,897
100,000
23,111
233
£ 460,702		 unds
Incoming
resources
£
4,405
24,000
-
15,606
22,708
1,150
28,916
25,174
£ 121,959		 Resources
expended
£
(10,727)
(300)
(12,081)
(15,000)
(6,000)
-
(1,606)
-
£ (45,714)		 Transfers
£
-
(15,957)
(43,464)
-
5,618
-
-
(10,225)
£ (64,028)		 Balance at
31 August
2025
£
10,778
90,027
694
7,037
14,851
19,708
6,000
118,174
40,047
100,000
50,421
15,182
£ 472,919

27

Docusign Envelope ID: 44A9DD10-BC64-8DE7-8133-39540C9FBB60

THE HASTINGS COMMUNITY TRUST

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE 12 MONTHS ENDED 31 AUGUST 2025

17 Designated funds (continued):

The purpose of each designated fund is as follows:

Relief/COLF

This fund exists to provide relief for the poor and needy within the fellowship, the fund has been increased in the year to reflect an anticipated increased need in light of the cost of living crisis.

One-Off Gifts

This fund was created from various large one-off donations.

Poor

Fund specifically for supporting various one-off needs identified within our Church family and local area.

Funds Transfer

Fund created with the purpose of covering future costs associated with FY 2025 including cost of Intern and transfer from Venue fund to support Bexhill & St Leonards venues.

Social Action

Fund specifically for social action staff costs, Reflect, CAP, Syrian resettlement and TLG.

Social Projects

Created from the transfer of prior year retained earnings from Hastings Centre Trading Ltd to support Social Projects.

Overseas mission

Another fund created by a tithe from the Building fund, this will support those in positions of need who are working abroad, particularly in church planting and mission.

Capital/Contingency

Originating from staff changes in 2010 resulting in reduced costs, these have been added to by budgeted savings to provide a cashflow resource and to allow for future costs and/or developments.

Building development

This fund was established for the acquisition and refurbishment of the property known as "The Hastings Centre". Its ongoing use is related to developing the building in order to provide suitable resources for the community.

Bexhill Building (Capital Asset Fund)

Amount utilised to cover some of the cost with purchasing Bexhill Building (Sackville Road)

Interest Received

Fund created from Interest received from cash held.

Tithe on Venues @ 10%

Fund created from 10% tithe on donations into the Venue fund, to be used on local projects/support as when required. fund closed in the year.

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Docusign Envelope ID: 44A9DD10-BC64-8DE7-8133-39540C9FBB60

THE HASTINGS COMMUNITY TRUST

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE 12 MONTHS ENDED 31 AUGUST 2025

18 Analysis of net assets between funds

Fund balances at 31 August 2025 are
represented by:
Tangible fixed assets
Current assets
Creditors: amounts falling due within one
year
Creditors: amounts falling due after more
than one year		 Unrestricted
funds
£
2,196,276
(255,507)
(170,962)
(663,285)
£ 1,106,522		 Designated
funds
£
-
472,919
-
-
£ 472,919		 Restricted
funds
£
-
604,970
-
-
£ 604,970		 Total
£
2,196,276
822,383
(170,962)
(663,285)
£ 2,184,412

19 Related party transactions

There were no related party transactions other than those listed in note 7.

20 Comparative figures for Statement of Financial Activities

Income and endowments from:
Donations and legacies
Charitable Activities
Other trading activities
Investments
Total Income and endowments
Expenditure On:
Raising Funds
Charitable activities:
Church
Community
Mission
Total charitable expenditure
Total Expenditure
Net Income/(expenditure)
Transfers between funds
Net movement in funds
Fund balances at 31 August 2023
Fund balances at 31 August 2024		 Unrestricted
funds
£
542,002
20,459
573,308
0
£ 1,135,769
414,625
463,111
88,654
125,386
677,151
1,091,776
43,993
(20,625)
23,368
£ 1,112,292
£ 1,135,660		 Designated
funds
£
30,107
-
-
24,231
£54,338
220
2,042
69
75,975
78,086
78,306
(23,968)
37,500
13,532
£ 447,170
£ 460,702		 Restricted
funds
£
536,589
-
-
-
£ 536,589
1,681
21,963
88,940
317,809
428,712
430,393
106,196
(16,875)
89,320
£ 288,066
£ 377,386		 Total
2024
£
1,108,697
20,459
573,308
24,231
£ 1,726,695
416,526
487,116
177,663
519,170
1,183,949
1,600,475
126,220
-
126,220
£ 1,847,528
£ 1,973,748

29