## **GAP - A THANET COMMUNITY PROJECT** **TRUSTEES' ANNUAL REPORT AND EXAMINED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023** **GAP - A THANET COMMUNITY PROJECT** ## **CONTENTS FOR THE YEAR ENDED 31 JULY 2023** ||**Pages**| |---|---| |Trustees' Annual Report|1 - 4| |Independent Examiner's Report|5| |Statement of Financial Activities|6| |Balance Sheet|7| |Notes to the Financial Statements|8 - 16| **GAP - A THANET COMMUNITY PROJECT** Page 1 **TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2023** The Trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 July 2023. The financial statements comply with the Charities Act 2011 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 (FRS 102). ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Charity Registration Number** 1084622 ## **Principal Address** Queens Road Baptist Church Queens Road Broadstairs Kent CT10 1NU ## **Key Management Personnel** ## _**Trustees (executive committee)**_ Rev Dr S Cave Chair (until 7.11.22), Ex Officio Trustee Rev R Bonner Chair (from 7.11.22) Mrs J Shepherd Treasurer (until 2.4.23) Mr D Groves Treasurer (from 2.4.23) Mr B Watson Mr J Jervis Secretary Mr M Jupp _**Staff**_ Mrs G Corker General Manager Mrs O Bull Operations Manager Mrs A Pratt Deputy Operations Manager ## **Volunteers** Mrs Jeanette Harris ## **Bankers** Lloyds Bank Plc CCLA Investment Management Limited ## **Independent Examiner** Mr S J Wren FCCA Accountancy Matters (Kent) Limited The Marlowe Innovation Centre Marlowe Way Ramsgate Kent CT12 6FA **GAP - A THANET COMMUNITY PROJECT** Page 2 **TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2023** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The GAP Project was registered as a charity on 11 January 2001 and serves the deprived community of Thanet in East Kent. The Project is inclusive and engages with all ages and backgrounds. The charity is an unincorporated association governed by its Constitution formulated on 26 September 2000 and amended 7 February 2005. Trustees are appointed by the executive committee and meet on a monthly basis with further ad hoc meetings being called as necessary. The responsibility for all operational activity, service quality and development, within a budget set and monitored by the board of trustees was held by the General Manager assisted by the Operations Manager until the end of February 2023, after that date the responsibility was given to the Operations Manager assisted by the Deputy Operations Manager. Gap employed five salaried staff who are all part-time; a General Manager (until 28/2/2023), an Operations Manager, a Deputy Operations Manager, a Bookkeeper (until 9/6/2023), a Café Manager, a Funding Manager (from 01/03/23 to 31/08/2023) and a Children’s & Family Co-ordinator. There are also four sessional workers supporting groups and activities. ## **OBJECTIVES AND ACTIVITIES** As recorded in the constitution The Gap Project’s charity objectives are:- _To run a community project which will promote and further the well-being and quality of life, relieve poverty where possible, improve family relationships and advance educational opportunities of a wide age range of people, particularly the disadvantaged and vulnerable in the Thanet community? It is based on Christian principles, non-judgemental and holistic in its purposes. In these objects it seeks to work with other agencies, both statutory and voluntary._ The trustees have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing their aims and objectives and in planning future activities. In particular the trustees consider how planned activities will contribute to the charity’s aims and objectives. The Gap Project serves the deprived community of Thanet in East Kent which is the most deprived local authority in Kent. The Project is inclusive and engages with all ages and backgrounds. ## _**Our full weekly programme fulfils eight key areas:**_ 1. **Families & the under 5’s -** Two subsidised crèche sessions, a parent and toddler and baby focus group, home visits and parenting courses. A Family Café on the first Monday of every month. Activity days during the school holidays. A yearly family camping weekend. **2. Young people -** Supporting our local youth, working in partnership with other youth organisations. School, Colleges, Duke of Edinburgh and Work placements. **3. Older people -** A Friday club with a range of activities including craft, games & guest speakers. Armchair exercise classes on Mondays and Thursdays. Music4Wellbing group is open to everyone but focuses on supporting individuals with Dementia. **4. Additional needs -** ‘Web’ (Welcome Everybody) meets twice a month in the evening for adults with learning disabilities. They enjoy physical, vocational, creative and recreational activities. We also provide many work placements in the Café and volunteering opportunities across the project for adults with **5. Education & Training -** IT help Support & advice, certificated sessions twice a week. Accessed by adults in the community especially older and vulnerable people and those isolated from technology. We also have adult literacy and numeracy classes for people who struggle in these areas. **6. Homeless/Community Support Drop-In -** A drop-in 2 weekday afternoons, (2:30-4:30pm), offering a hot meal, shower, laundry and resettlement/addiction support in partnership with two local charities. **GAP - A THANET COMMUNITY PROJECT** Page 3 **TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2023** **7. Wellbeing Café -** A group where we focus on physical, emotional, social, spiritual and intellectual wellbeing. This group is diverse in age, ethnicity, gender and ability. Meets weekly on a Monday. **8. Ukraine Support Group** - A weekly drop-in session for people housed in Thanet under the Homes for Ukraine scheme. We provide refreshments and a welcoming, comfortable place to meet with KCC support workers. ## _**There are two Social Enterprises:**_ **1. Gap Community Café -** Open Monday to Saturday 9am-2pm. A popular hub located at the heart of the local community serving hot and cold food and beverages. 60% of the volunteers have additional needs or long-term health conditions. All profits are used by the charity for the benefit of the GAP Project. **2. Gap in the Market Shop -** A shop (a company owned by the charity called Gap Project Trading Company Limited, incorporated in England & Wales with company number 9696909) in the High Street gifting all the profits to the Gap project. ## **Social Investment & Contribution of Volunteers** The charity owns 5,000 ordinary shares of £1 each in its wholly owned subsidiary company Gap Project Trading Company Limited which is incorporated in the United Kingdom (Company Reg No. 9696909). The shares are held in the name of Stephen Cave on behalf of the charity. The company's statutory accounts for the period ended 31 December 2022 show a profit of £25,746 with total funds of £30,746. In this financial year profits of £25,746 have been gifted to the charity. There are 170 volunteers working in the Gap Project and a further 18 in the Gap in the Market shop. 40% of the volunteers have a learning disability or a long-term condition. Staff offer one-to-one support when required and are often involved in advocacy, attending appointments, advice and support. Volunteers support all the groups and activities. Many bring a wealth of skills and experience that enables the project to function with a high level of expertise. ## **ACHIEVEMENTS AND PERFORMANCE** The General Manager retired at the end of February 2023 and the management of the organisation was taken over by the Operations Manager and a newly appointed Deputy Operations manager who commenced in May 2023. After February 2023 the General Manager undertook a reduced part time role as the Fundraising Manager until the end of August 2023. When examining the needs of the new organisational structure the trustees decided to employ a self-employed Finance Officer rather than a Bookkeeper. Over the past year the Gap Project has :- - Provided support each day to a wide range of vulnerable people - Provided advice and support to people in crisis daily - Kept close contact with our volunteers and project users - Grown all groups and activities to their full capacity following to the Covid pandemic - Running three blocks of 10-week sessions of the music group for people living with dementia - Re-establishing the funding strategy to meet the current demand for grants and donations - �Worked closely with local agencies, both voluntary and statutory, schools and other community groups, including the Hearing clinic, local counselling Health Charity, The RISE team, Citizens Advice Bureau, Sanctuary Floating Support. Ageless Thanet, Fare-share Kent and Thanet Volunteer Bureau and KCC (homes for Ukraine). **GAP - A THANET COMMUNITY PROJECT** Page 4 **TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2023** ## **Numbers reached** : Families & under 5’s 130 families, 123 children Young People 20 Older People 145 – Armchair exercises 29 – Friday club & other groups 41 – Music group Special Needs 47 Education & IT 35 – Numeracy & Literacy 24 - IT Homeless 25 – 35 average daily numbers 186 – during the year Well-being 30 – 40 average weekly numbers 45 – during the year ## **FINANCIAL REVIEW** ## **Financial position** The results of the charity for the year are set out in the Financial Statements. Overall the total income for the year was £168,495 (2022 - £155,964) and expenditure was £158,072 (2022 - £142,749) giving a surplus for the year of £10,423 (2022 - £13,215). We continue to prepare the accounts on an accruals basis as we feel that this better represents the financial status of the charity and gives clarity to funders. ## **Principal funding sources** Principal funding sources for the year were £93,428 (2022 - £94,132) grants and donations, fees and takings £74,221 (2022 - £61,763). Expenditure has supported the key objectives of providing groups, activities, and individual support for the deprived community of Thanet. ## **Reserves Policy and going concern** The trustees review the level of reserves periodically to ensure the charity is managed efficiently and to provide a buffer for uninterrupted services. It is their policy to maintain unrestricted funds at a level which equates to between three and six months expenditure. This provides sufficient funds to cover management, administration and running costs ## **DEVELOPMENT PLANS** These include: - Continue to develop our support for the elderly. - Develop a group for teenagers with Special Educational Needs - - Relaunch our services to the community through the use of advertising, social media & forums - Redevelopment of website Signed on behalf of the Board of Trustees by : Rev R Bonner -Chairman Date : 20 November 2023 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF** Page 5 **GAP - A THANET COMMUNITY PROJECT** I report to the trustees on my examination of the accounts of the charity for the year ended 31 July 2023 which are set out on pages 6 to 16. ## **Responsibilities and basis of report** As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect : - 1 accounting records were not kept in respect of the charity as required by section 130 of the Act; or - 2 the accounts do not accord with those records: or - 3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirements that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. **S J Wren FCCA Accountancy Matters (Kent) Limited Chartered Certified Accountants The Marlowe Innovation Centre Marlowe Way Ramsgate Kent CT12 6FA** Date : 20 November 2023 **GAP - A THANET COMMUNITY PROJECT** Page 6 ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2023** |**Unrestricted**
**funds**
**£**
**Notes**
**INCOME**
Donations and grants
2
54,879
Charitable activities
3
74,221
Other trading activities
4
-
Investment income
5
846
**TOTAL INCOME**
129,946
**EXPENDITURE**
Cost of raising funds
7,330
Charitable activities
142,687
**TOTAL EXPENDITURE**
6
150,017
**NET INCOME/(EXPENDITURE) FOR THE YEAR**
**BEFORE TRANSFERS**
(20,071)
Transfers between funds
13
28,952
**NET MOVEMENT IN FUNDS FOR THE YEAR**
8,881
Balance as at 1 August 2022
68,696
**BALANCE AT 31 JULY 2023**
77,577|**Restricted**
**funds**
**£**
38,549
-
-
-
38,549
-
8,055
8,055
30,494
(28,952)
1,542
14,317
15,859|**2023**
**2022**
**Total**
**Total**
**funds**
**funds**
**£**
**£**
93,428
94,132
74,221
61,763
-
-
846
69
168,495
155,964
7,330
6,449
150,742
136,300
158,072
142,749
10,423
13,215
-
-
10,423
13,215
83,013
69,798
93,436
83,013| |---|---|---| **GAP - A THANET COMMUNITY PROJECT** Page 7 ## **BALANCE SHEET AS AT 31 JULY 2023** |**Notes**
**FIXED ASSETS**
Tangible assets
8
Investments
9
**CURRENT ASSETS**
Stock
Debtors and prepayments
10
Cash at bank and in hand
**CURRENT LIABILITIES**
Creditors: amounts falling due within one
year
11
**NET ASSETS**
12
Represented by:
**FUNDS OF THE CHARITY**
Unrestricted general fund
13
Designated fund
13
Restricted funds
13
**TOTAL FUNDS**|757
1,730
96,122
98,609
6,494|**2023**
**£**
1,321
-
1,321
757
1,493
83,368
85,618
3,149
92,115
93,436
77,577
-
15,859
93,436|**2022**
**£**
544
-| |---|---|---|---| ||||544
82,469| ||||83,013| ||||68,696
-
14,317| ||||83,013| Approved and signed for issue by the Trustees on 20 November 2023. Mr D Groves - Treasurer Rev R Bonner - Chairman **GAP - A THANET COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023** Page 8 ## **1 ACCOUNTING POLICIES** ## **a) Basis of accounting** The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011. GAP - A Thanet Community Project meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. - b) **Preparation of the accounts on a going concern basis** Due to the availability of reserves carried forward as at the end of the financial year, the trustees have a reasonable expectation that the charity has adequate resources to continue as a going concern. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. ## c) **Income** Grants receivable - grants made to finance the activities of the Charity are credited to the statement of financial activities (SOFA) accounting in the period to which they relate. Other income - other income, including donations, gifts and bank interest are included as they were received. Deferred income - income received before the balance sheet date in respect of contract activities to be carried out after the balance sheet date will be reflected within deferred income on the balance sheet. - d) **Expenditure** All expenditure is accounted for on an accruals basis and includes VAT where applicable. Expenditure has been included under expense categories that aggregate all costs for allocation to activities. Charitable expenditure - comprises those costs incurred by the charity in the delivery of its activities and services for beneficiaries. It includes both those costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them, including governance costs (costs associated with meeting the constitutional and statutory requirements of the charity and includes the Independent Examiners fee). ## e) **Depreciation of fixed assets** Tangible fixed assets costing more than £250 are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life of 4 years. **GAP - A THANET COMMUNITY PROJECT** Page 9 **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023** ## **1 ACCOUNTING POLICIES** - f) **Fund accounting** Unrestricted funds are grants, donations and other incoming resources receivable by the charity without further specified purpose and are available as general funds. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The aim of each restricted fund is set out in the notes to the financial statements. - h) **Significant judgements and estimates** No significant judgements or estimates have had to be made by the Trustees in preparing these financial statements. **GAP - A THANET COMMUNITY PROJECT** Page 10 **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023** ## **2 DONATIONS AND GRANTS** |**Unrestricted**
**funds**
**£**
**Donations**
Gap Project Trading Co. Ltd - Donation
25,746
Queens Road Baptist Church
3,842
Other donations
10,291
**Grants :**
Coronavirus Job Retention Scheme
-
Kent Community Foundation
-
The National Lottery Community Fund
-
Philip & Connie Phillips Foundation
-
The Sylvia Adams Charitable Trust
5,000
Maurice & Hilda Laing Charitable Trust
-
Thanet District Council
-
Broadstairs & St Peter's Town Council
-
Kent County Council
-
Asda Foundation
-
The Albert Hunt Trust
-
The Henry Smith Charity
10,000
Garfield Weston Foundation
-
54,879
**3**
**INCOME FROM CHARITABLE ACTIVITIES**
**Unrestricted**
**funds**
**£**
Café income
61,785
Creche
5,732
Work Placements
-
Wages recharged
-
Other fees receivable
6,704
74,221
**4**
**OTHER TRADING ACTIVITIES**
Summer Fayre
-
-
**5**
**INVESTMENT INCOME**
Bank interest receivable
846|**Restricted**
**funds**
**£**
-
-
-
-
-
9,893
9,906
-
8,250
6,500
2,000
2,000
-
-
-
-
38,549
**Restricted**
**funds**
**£**
-
-
-
-
-
-
-
-
-|**2023**
**Total**
**funds**
**£**
25,746
3,842
10,291
-
-
9,893
9,906
5,000
8,250
6,500
2,000
2,000
-
-
10,000
-
93,428
**2023**
**Total**
**funds**
**£**
61,785
5,732
-
-
6,704
74,221
-
-
846|**2022**
**Total**
**funds**
**£**
24,858
7,875
14,906
1,493
4,500
9,550
4,200
-
-
5,000
-
-
1,000
7,000
10,000
3,750| |---|---|---|---| ||||94,132| ||||**2022**
**Total**
**funds**
**£**
51,087
6,854
136
-
3,686| ||||61,763| ||||-| ||||-| ||||69| **GAP - A THANET COMMUNITY PROJECT** Page 11 ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023** |**6**
**EXPENDITURE**
**Unrestricted**
**funds**
**£**
Cost of raising funds
Card transaction charges
31
Wages and salaries
6,282
Equipment support
609
Publicity
408
7,330
Charitable activities costs
Wages and salaries
55,075
Café costs (adjusted for stock)
23,708
Other Community Centre activities
5,960
Household Support Fund
-
Travel and volunteer costs
1,487
Training
835
Repairs and renewals
1,086
Use of premises
15,803
Insurance
1,791
Licenses and permits
288
Subscriptions
1,086
Sundries
12
Depreciation
769
Support costs
Wages and salaries
22,301
Professional fees
3,258
Printing, Postage and stationery
1,744
Telephone
843
Bank charges
536
Governance costs
Wages and salaries
5,116
AGM costs
113
Independent Examiner's fee
876
142,687
**Total expenditure**
150,017|**Restricted**
**funds**
**£**
-
-
-
-
-
-
-
2,205
5,850
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
8,055
8,055|**2023**
**2022**
**Total**
**Total**
**funds**
**funds**
**£**
**£**
31
275
6,282
5,766
609
-
408
408
7,330
6,449
55,075
50,500
23,708
25,255
8,165
7,115
5,850
-
1,487
419
835
249
1,086
2,450
15,803
13,650
1,791
1,764
288
159
1,086
1,015
12
57
769
461
22,301
22,582
3,258
463
1,744
2,326
843
923
536
456
5,116
5,580
113
-
876
876
150,742
136,300
158,072
142,749| |---|---|---| **GAP - A THANET COMMUNITY PROJECT** Page 12 **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023** ## **7 INFORMATION REGARDING EMPLOYEES** |**INFORMATION REGARDING EMPLOYEES**
Wages and salaries
Redundancy
Sub contract
Social security costs
Employer pension contributions
Employment Allowance|**2023**
**2022**
**£**
**£**
86,300
82,374
1,250
-
-
1,058
4,204
3,497
1,224
996
(4,204)
(3,497)
88,774
84,428| |---|---| The average monthly head count was 10 (2022 - 10) staff. The average number of employees based on full time equivalents was 4 (2022 - 4). No employee received remuneration of more than £60,000 during the year. No Trustees received remuneration or were reimbursed expenses during the year. The total employee benefits (including employers national insurance) of the key management personnel of the charity were £37,994 (2022 - £38,340). ## **8 FIXED ASSETS** |**Cost**
As at 1 August 2022
Additions
As at 31 July 2023
**Depreciation**
As at 1 August 2022
Charge for the year
As at 31 July 2023
**Net book value**
As at 31 July 2023
As at 31 July 2022|**Fixtures &**
**fittings**
**£**
4,151
1,546
5,697
3,932
606
4,538
1,159
219|**& equipment**
**£**
929
-
929
604
163
767
162
325
**Computers**|**Total**
**£**
5,080
1,546| |---|---|---|---| ||||6,626| ||||4,536
769| ||||5,305| ||||1,321| ||||544| ## **9 INVESTMENTS** The charity owns 5,000 (2022 - 5,000) ordinary shares of £1 each in its wholly owned subsidiary company Gap Project Trading Company Limited which is incorporated in the United Kingdom (Company Reg No. 9696909). The shares are held in the name of Stephen Cave on behalf of the charity. The company's statutory accounts for the year ended 31 December 2022 show a profit of £25,746 (31.12.21 - £24,858) with total funds of £30,746 (31.12.21 - £29,858). As at 31 July 2022, profits of £25,746 (31.7.22 - £24,858) have been gifted to the charity. **GAP - A THANET COMMUNITY PROJECT** Page 13 **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023** |**10 DEBTORS**
Trade debtors
Other debtors
Accrued income
Prepayments
**11 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Taxation and social security
Other creditors
Accruals
Deferred income
**12 ANALYSIS OF NET ASSETS BETWEEN FUND**
**General**
**Designated**
**funds**
**funds**
**£**
**£**
Fixed assets
1,321
-
Current assets
82,750
-
Current liabilities
(6,494)
-
**Net assets as at 31 July 2023**
77,577
-
**ANALYSIS OF NET ASSETS BETWEEN FUND - PREVIOUS YEAR**
**General**
**Designated**
**funds**
**funds**
**£**
**£**
Fixed assets
544
-
Current assets
71,301
-
Current liabilities
(3,149)
-
**Net assets as at 31 July 2022**
68,696
-|**2023**
**£**
419
70
-
1,241
1,730
**2023**
**£**
2,408
1,139
286
2,661
-
6,494
**Restricted**
**funds**
**£**
-
15,859
-
15,859
**Restricted**
**funds**
**£**
-
14,317
-
14,317|**2022**
**£**
252
70
-
1,171| |---|---|---| |||1,493| |||**2022**
**£**
1,526
747
-
876
-| |||3,149| |||**Total**
**£**
1,321
98,609
(6,494)| |||93,436| |||**Total**
**£**
544
85,618
(3,149)| |||83,013| **GAP - A THANET COMMUNITY PROJECT** Page 14 ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023** |**13 MOVEMENT IN FUNDS**
**Restricted funds**
Senior Citizens
Homeless fund
Families and Under 5's fund
Well-being Café
Household Support fund
Ukraine Drop In/support
Web Group fund
Music Group fund
Total Restricted funds
**Designated fund**
Unrestricted general funds
Total funds|**As at**
**1 08 2022**
**£**
-
6,750
-
5,428
-
-
2,139
-
14,317
-
68,696
83,013|**Income Expenditure**
**£**
**£**
9,906
-
-
-
18,143
-
-
-
6,500
(5,850)
2,000
-
-
-
2,000
(2,205)
38,549
(8,055)
-
-
129,946
(150,017)
168,495
(158,072)|**As at**
**Transfers**
**31 07 2023**
**£**
**£**
-
9,906
(6,750)
-
(18,143)
-
(1,318)
4,110
(650)
-
(400)
1,600
(1,896)
243
205
-
(28,952)
15,859
-
-
28,952
77,577
-
93,436| |---|---|---|---| ## **RESTRICTED FUNDS** ## **Senior Citizens** A grant of £9,906 was received from Philip & Connie Phillips Foundation in July 2023. The grant is to be used in three areas to fund social connection and fun activities between senior citizens who feel isolated or wish for more involvement through social events. Sit and be fit classes are held to promote strengthening and flexibility and musical-for-well being events are arranged especially for citizens suffering from dementia or Alzheimer’s ## **Homeless fund** Grants were received last year from The Albert Hunt Trust (£7,000) and Garfield Weston Foundation (£3,750), to support the work with adults who are homeless, insecurely housed or in financial need. Offering a shower, food, laundry and an opportunity to engage with other agencies giving resettlement/addiction support. ## **Families and Under 5's fund** Grants were received from the Maurice and Hilda Laing Trust of £8,250 and The National Lottery Community Fund of £9,893 - a total of £18,143 for the Families and Under 5s. The grants were used to provide baby focus, crèche facilities and safe play areas for toddlers. ## **Well-being Café** Grants were received last year from the Phillips Foundation (£4,200) and The National Lottery Community Fund (£9,550) to support the running of a wellbeing café for people struggling with isolation/mental health issues to meet and engage in activities together. ## **Household Support fund** A grant of £6,500 was received from Thanet District Council. The grant was used to assist families who were struggling financially to provide food via a food bank for their families and to help pay utility bills. There were strict rules and conditions under which help was given. **GAP - A THANET COMMUNITY PROJECT** Page 15 **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023** ## **RESTRICTED FUNDS - Cont'd** ## **Ukraine Drop-In** A grant was received from Kent County Council Homes for Ukraine for £2,000. The grant was used to further communication and support between and for Ukraine families who sought asylum in the UK in the Thanet area. The families were able to meet together in the café area and have access to people who could help with their difficulties in communication with the authorities and understanding bills etc. ## **WEB Group fund** Remaining funds from the grants received in previous years were used to support activities for adults with learning disabilities. ## **Music Group fund** A grant was received from Broadstairs Town Council for £2,000, to provide music events for people suffering from Dementia . People attended with their carers and the music acts as a soothing influence and promotes memories of times past. ## _**Transfers**_ The transfers from restricted funds to unrestricted funds represent the cost of running the projects and a contribution towards the costs of running the charity's core activities. ## **MOVEMENT IN FUNDS - PREVIOUS YEAR** |**Restricted funds**
IT fund
Homeless fund
Families and Under 5's fund
Wellbeing café fund
Youth Work fund
Web Group fund
Music Group fund
Total Restricted funds
**Designated fund**
Project Development
Unrestricted general funds
Total funds|**As at**
**1 08 2021**
**£**
1,208
-
-
484
2,000
3,292
1,745
8,729
5,000
56,069
69,798|**Income Expenditure**
**£**
**£**
-
(725)
15,750
-
5,500
-
13,750
(322)
-
(181)
-
(507)
-
(2,750)
35,000
(4,485)
-
-
120,964
(138,264)
155,964
(142,749)|**As at**
**Transfers**
**31 07 2022**
**£**
**£**
(483)
-
(9,000)
6,750
(5,500)
-
(8,484)
5,428
(1,819)
-
(646)
2,139
1,005
-
(24,927)
14,317
(5,000)
-
29,927
68,696
-
83,013| |---|---|---|---| ## **RESTRICTED FUNDS - PREVIOUS YEAR** ## **IT fund** A grant received last year of £1,208 from the Thomas Wall Trust to support training in IT Skills for Life, enabling people to learn skills for job searching, communication and shopping. ## **Homeless fund** Grants were received from The Albert Hunt Trust (£7,000) and Garfield Weston Foundation (£3,750), to support the work with adults who are homeless, insecurely housed or in financial need. Offering a shower, food, laundry and an opportunity to engage with other agencies giving resettlement/addiction support. A grant from Thanet District Council (£5,000) was given to support the food bank part of this work. **GAP - A THANET COMMUNITY PROJECT** Page 16 **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023** ## **RESTRICTED FUNDS - PREVIOUS YEAR - Cont'd** ## **Community Café** A grant for £4,000 was received from the National Emergencies Trust via the Kent Community Foundation COVID-19 Fund to support the reopening of the community café after pandemic restrictions were lifted. Increased costs were incurred due to extra cleaning and fewer people accommodated. The transfer to unrestricted funds is a contribution towards these costs. ## **Families and Under 5's fund** A grant was received from Kent Community Foundation to support the work with Under 5s. A grant was also received from Asda to facilitate the family café. ## **Well-being Café** Grants were received from the Phillips Foundation (£4,200) and The National Lottery Community Fund (£9,550) to support the running of a wellbeing café for people struggling with isolation/mental health issues to meet and engage in activities together. ## **Youth Work fund** Remaining funds from the grant received last year from the Gibbons Family Trust were used to support the in-house activities and recreational activities for young people. ## **WEB Group fund** Remaining funds from the grants received in previous years were used to support activities for adults with learning disabilities. ## **Music Group fund** Remaining funds from the grant received last year from WG Edwards Charitable Foundation were used to support music groups for people with dementia. ## _**Transfers**_ The transfers from restricted funds to unrestricted funds represent the cost of running the projects and a contribution towards the costs of running the charity's core activities. ## **DESIGNATED FUND - PREVIOUS YEAR** ## **Project Development** The trustees agreed that the priority in the immediate aftermath of Covid was to support core activities and that the £5,000 which had been designated for project development should be used to support the under 5s work. As funds become available, further project development activity will be considered. ## **14 RELATED PARTY TRANSACTIONS** Other than receiving a donation of £25,746 (2022 - £24,858) from the charity's trading subsidiary (Gap Project Trading Company Limited), there were no transactions with related parties during the year under review or the preceding year.