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← Gap-A Thanet Community Project

2024-07-31-accounts

GAP - A THANET COMMUNITY PROJECT

TRUSTEES' ANNUAL REPORT AND EXAMINED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

GAP - A THANET COMMUNITY PROJECT

CONTENTS FOR THE YEAR ENDED 31 JULY 2024

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 - 17

GAP - A THANET COMMUNITY PROJECT

Page 1

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2024

The Trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 July 2024.

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 S Hearle Ex Officio Trustee (from 7/11/22 until 1/9/23) Rev C Matthewman Ex Officio Trustee (from 1/9/23) Rev R Bonner Chair Mrs J Shepherd Mr D Groves Treasurer Mr B Watson Mr J Jervis Secretary Mr M Jupp Staff Mrs O Bull Operations Manager Mrs A Pratt Deputy Operations Manager

Volunteers

Mrs J 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 2024

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 Operations Manager assisted by the Deputy Operations Manager, which are considered to be the charity's Key Management Personnel.

The Gap Project employs 4 salaried staff who are all part-time: an Operations Manager, a Deputy Operations Manager, A Café Manager and a Children’s & Family Co-Ordinator. There are also 4 sessional workers supporting the 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 seven key areas:

  1. Families & the under 5’s - One subsidised crèche sessions, a parent and toddler and baby focus group, home visits and and a new Down with Friends group for babies and toddlers with Down's Syndrome. 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 by working in partnership with other youth organizations. A new Wellbeing for Youth group. Working with schools and colleges to place students in 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.

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 2024

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.

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. Two thirds 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) located in Broadstairs High Street selling high quality used clothes and bric-a-brack. The charity owns 5,000 ordinary shares of £1 each in this company which are held in the name of Christopher Matthewman on behalf of the charity. The company statutory accounts for the year ended 31 December 2023 show a profit of £25,297 all of which has been gifted to the Gap Project charity.

Social Investment & Contribution of Volunteers

There are 140 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

Over the past year the Gap Project has :-

Numbers reached :

Families & under 5’s 182 families, 165 children Young People 31 Older People 118 – Armchair exercises 26 – Friday club & other groups 35 – Music group Special Needs 28 Education & IT 15 – Numeracy & Literacy 15 - IT Homeless 18 average daily numbers 156 – during the year Well-being 11 – 17 average weekly numbers 35 – during the year

GAP - A THANET COMMUNITY PROJECT

Page 4

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2024

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 £197,240 (2023 - £168,495) and expenditure was £178,540 (2023 - £158,072) giving a surplus for the year of £18,700 (2023 - £10,423). 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 for the year was from grants and the Gap Shop. Additional gifts, fees and individual donations resulted in a total income of £197,240. Expenditure of £178,540 for the year has supported the key objectives of each group and activity in the Gap Project as well as 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:

Signed on behalf of the Board of Trustees by :

Rev R Bonner -Chairman

Date : 30 November 2024

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 2024 which are set out on pages 6 to 17.

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 :

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 : 2 December 2024

GAP - A THANET COMMUNITY PROJECT

Page 6

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024

Unrestricted
funds
£
Notes
INCOME
Donations and grants
2
57,048
Charitable activities
3
94,076
Other trading activities
4
-
Investment income
5
1,590
TOTAL INCOME
152,714
EXPENDITURE
Cost of raising funds
17,364
Charitable activities
149,398
TOTAL EXPENDITURE
6
166,762
NET INCOME/(EXPENDITURE) FOR THE YEAR
BEFORE TRANSFERS
(14,048)
Transfers between funds
13
23,890
NET MOVEMENT IN FUNDS FOR THE YEAR
9,842
Balance as at 1 August 2023
77,577
BALANCE AT 31 JULY 2024
87,419		 Restricted
funds
£
44,526
-
-
-
44,526
-
11,778
11,778
32,748
(23,890)
8,858
15,859
24,717		 2024
2023
Total
Total
funds
funds
£
£
101,574
93,428
94,076
74,221
-
-
1,590
846
197,240
168,495
17,364
7,330
161,176
150,742
178,540
158,072
18,700
10,423
-
-
18,700
10,423
93,436
83,013
112,136
93,436

GAP - A THANET COMMUNITY PROJECT

Page 7

BALANCE SHEET AS AT 31 JULY 2024

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		 800
22,530
88,796
112,126
5,677		 2024
£
5,687
-
5,687
757
1,730
96,122
98,609
6,494
106,449
112,136
87,419
-
24,717
112,136		 2023
£
1,321
-
1,321
92,115
93,436
77,577
-
15,859
93,436

Approved and signed for issue by the Trustees on 30 November 2024.

Mr D Groves - Treasurer Rev R Bonner - Chairman

GAP - A THANET COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

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.

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.

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 2024

1 ACCOUNTING POLICIES

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.

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 2024

2 DONATIONS AND GRANTS

Unrestricted
funds
£
Donations
Gap Project Trading Co. Ltd - Donation
25,297
Queens Road Baptist Church
7,520
Other donations
11,231
Grants :
Kent Community Foundation
8,000
The National Lottery Community Fund
-
Philip & Connie Phillips Foundation
-
The Sylvia Adams Charitable Trust
-
Maurice & Hilda Laing Charitable Trust
-
Thanet District Council
-
Broadstairs & St Peter's Town Council
-
Kent County Council
-
Asda Foundation
-
The Albert Hunt Trust
-
CTIO Parochial Charities
-
Nationwide
-
Lawson Trust
-
Souter Charitable Trust
-
Colyer Fergusson Charitable Trust
5,000
Woodroffe Benton Foundation
-
The Woodward Charitable Trust
-
The Clothworkers' Foundation
-
The Barchester Charitable Foundation
-
The Henry Smith Charity
-
57,048
INCOME FROM CHARITABLE ACTIVITIES
Unrestricted
funds
£
Café income
78,266
Creche
3,841
Work Placements
-
Other fees receivable
11,969
94,076
OTHER TRADING ACTIVITIES
Summer Fayre
-
-		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
1,550
1,050
600
7,000
2,426
12,200
8,000
3,000
-
1,250
1,250
5,200
1,000
-
44,526
Restricted
funds
£
-
-
-
-
-
-
-		 2024
Total
funds
£
25,297
7,520
11,231
8,000
-
-
-
-
-
1,550
1,050
600
7,000
2,426
12,200
8,000
3,000
5,000
1,250
1,250
5,200
1,000
-
101,574
2024
Total
funds
£
78,266
3,841
-
11,969
94,076
-
-		 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
-
-

3 INCOME FROM CHARITABLE ACTIVITIES

4 OTHER TRADING ACTIVITIES Summer Fayre

5 INVESTMENT INCOME

Bank interest receivable

1,590

846

GAP - A THANET COMMUNITY PROJECT

Page 11

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

6
EXPENDITURE
Unrestricted
funds
£
Cost of raising funds
Card transaction charges
683
Wages and salaries
15,519
Equipment support
754
Publicity
408
17,364
Charitable activities costs
Wages and salaries
54,204
Café costs (adjusted for stock)
30,354
Other Community Centre activities
2,395
Household Support Fund
80
Travel and volunteer costs
1,712
Training
145
Repairs and renewals
1,023
Use of premises
17,340
Insurance
1,445
Subscriptions
1,595
Sundries
26
Cleaning
553
Depreciation
2,187
Support costs
Wages and salaries
20,216
Professional fees
5,685
Printing, Postage and stationery
2,742
Telephone
1,102
Bank charges
658
Governance costs
Wages and salaries
5,024
AGM costs
-
Independent Examiner's fee
912
149,398
Total expenditure
166,762		 Restricted
funds
£
-
-
-
-
-
-
2,384
8,573
-
821
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
11,778
11,778		 2024
2023
Total
Total
funds
funds
£
£
683
31
15,519
6,282
754
609
408
408
17,364
7,330
54,204
55,075
32,738
23,708
10,968
8,165
80
5,850
2,533
1,487
145
835
1,023
1,086
17,340
15,803
1,445
1,791
1,595
1,374
26
12
553
-
2,187
769
20,216
22,301
5,685
3,258
2,742
1,744
1,102
843
658
536
5,024
5,116
-
113
912
876
161,176
150,742
178,540
158,072

GAP - A THANET COMMUNITY PROJECT

Page 12

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

7 INFORMATION REGARDING EMPLOYEES

INFORMATION REGARDING EMPLOYEES
Wages and salaries
Redundancy
Sub contract
Social security costs
Employer pension contributions
Employment Allowance		 2024
2023
£
£
90,784
86,300
-
1,250
2,123
-
5,315
4,204
1,495
1,224
(4,754)
(4,204)
94,963
88,774

The average monthly head count was 8 (2023 - 10) staff.

The average number of employees based on full time equivalents was 4 (2023 - 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 £46,214 (2023 - £37,994).

8 FIXED ASSETS

Cost
As at 1 August 2023
Additions
As at 31 July 2024
Depreciation
As at 1 August 2023
Charge for the year
As at 31 July 2024
Net book value
As at 31 July 2024
As at 31 July 2023		 Fixtures &
fittings
£
5,697
6,553
12,250
4,538
2,025
6,563
5,687
1,159		 & equipment
£
929
-
929
767
162
929
-
162
Computers		 Total
£
6,626
6,553
13,179
5,305
2,187
7,492
5,687
1,321

9 INVESTMENTS

The charity owns 5,000 (2023 - 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 Christopher Matthewman on behalf of the charity. The company's statutory accounts for the year ended 31 December 2023 show a profit of £25,297 (31.12.22 - £25,746) with total funds of £30,297 (31.12.22 - £30,746). As at 31 July 2024, profits of £25,297 (31.7.23 - £25,746) have been gifted to the charity.

GAP - A THANET COMMUNITY PROJECT

Page 13

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

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
5,687
-
Current assets
87,409
-
Current liabilities
(5,677)
-
Net assets as at 31 July 2024
87,419
-
ANALYSIS OF NET ASSETS BETWEEN FUND - PREVIOUS YEAR
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
-		 2024
£
3,996
-
-
18,534
22,530
2024
£
2,106
1,094
-
2,477
-
5,677
Restricted
funds
£
-
24,717
-
24,717
Restricted
funds
£
-
15,859
-
15,859		 2023
£
419
70
-
1,241
1,730
2023
£
2,408
1,139
286
2,661
-
6,494
Total
£
5,687
112,126
(5,677)
112,136
Total
£
1,321
98,609
(6,494)
93,436

GAP - A THANET COMMUNITY PROJECT

Page 14

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

13 MOVEMENT IN FUNDS
Restricted funds
Senior Citizens
Homeless & Insecure Housing
Families and Under 5's fund
Well-being Café
Family Café
Community Café
Ukraine Drop In/support
Web Group fund
Wellbeing For Youth
Down With Friends
Friday Club
Total Restricted funds
Designated fund
Unrestricted general funds
Total funds		 As at
1 08 2023
£
9,906
-
-
4,110
-
-
1,600
243
-
-
-
15,859
-
77,577
93,436		 Income Expenditure
£
£
-
(2,625)
19,200
(2,360)
9,250
(1,021)
3,000
(1,143)
2,150
(1,230)
5,200
-
-
-
1,250
(1,123)
2,426
-
1,050
(623)
1,000
(1,653)
44,526
(11,778)
-
-
152,714
(166,762)
197,240
(178,540)		 As at
Transfers
31 07 2024
£
£
(7,281)
-
(7,493)
9,347
-
8,229
(2,536)
3,431
-
920
(5,200)
-
(1,600)
-
(370)
-
(63)
2,363
-
427
653
-
(23,890)
24,717
-
-
23,890
87,419
-
112,136

RESTRICTED FUNDS

Senior Citizens

A grant of £9,906 was received in the previous year from Philip & Connie Phillips Foundation. This provided funding towards the costs of salary, therapist fees and rents for our Friday Club, Singing 4 Wellbeing (dementia friendly) and Sit & Be Fit classes. These groups are essential for those suffering from loneliness, isolation, bereavement, illness and health issues. the transfer to unrestricted funds represents a contribution towards the rent and salary costs for running these projects.

Homeless & Insecure Housed Drop in

We received a grant of £7,000 from The Albert Hunt Trust towards all costs associated with this twice a week drop-in (Operation Manager’s salary, rent, food, clothing costs etc.). Hot meals and desserts are provided, while offering shower and laundry facilities and a food parcel once a week. A £12,200 grant was also received from Nationwide towards all the core costs, consumables etc as per above, to ensure the continued running of our essential drop-in sessions.

Families and Under 5's fund

A grant was received from The Lawson Trust for £8,000 again, supporting all our Families and Under 5’s groups with essential care cost funding. A £1,250 grant received from The Woodward Trust was also used to support all the Families and Under 5’s work with core cost support.

Well-being Café

Grants were received in a previous year from the Phillips Foundation (£4,200) and The National Lottery Community Fund (£9,550) and a grant of £3,000 was received in the current year from Souter Charitable Trust to support the running of a wellbeing café for people struggling with isolation/mental health issues, loneliness, isolation, bereavement etc.

GAP - A THANET COMMUNITY PROJECT

Page 15

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

RESTRICTED FUNDS - Cont'd

Family Café

Asda Foundation provided us with a £600 grant that was used towards the cost of providing free hot meals and desserts for all children and parents attending monthly Family Café sessions (spent over approx.4 sessions).

KCC via Broadstairs Town Council provided us with a grant of £1,550 which is being used towards healthy food vouchers and nappy costs for families struggling with the Cost-of-Living Crisis in our local community.

Café

A grant for £5,200 was received from The Clothworkers’ Foundation to cover the cost of a new essential kitchen cooker hood to comply with new legislation. The cooker hood has been treated as a fixed asset and therefore is shown on the balance sheet and therefore a transfer has been made to unrestricted funds representing the cost of it.

Ukraine Drop-In

A grant was received last year from Kent County Council Homes for Ukraine for £2,000. The grant was to be used 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. There was an amount unspent of £1,600 and it was agreed with the Funder that this could be used to support the Gap Project generally and therefore this amount has been transferred to general funds.

WEB Group fund

The Woodroffe Benton Foundation provided funding of £1,250 towards all costs for our WEB group, which, meets fortnightly and is for adults with additional needs. Funds went towards the Operations Manager’s salary, rental and consumables.

Wellbeing For Youth

A grant for £2,426 has been received from CT10 Charities towards all costs for our new Wellbeing for Youth group set up this year. The group supports teenagers with many wellbeing issues and this funding allows for a trained therapist to run courses and be available at drop-ins.

Down with Friends

A grant was received from KCC for £1,050 for our new Down with Friends group, started in January 2024. This group is for babies and children with Down’s Syndrome, providing support, sensory play, therapy etc. for them and their families. The funding is going towards activities, speaker and refreshment costs.

Friday Club

A grant of £1,000 was provided by The Barchester Charitable Foundation, providing funds towards the cost of travel, activities and refreshments for our Friday Club.

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.

GAP - A THANET COMMUNITY PROJECT

Page 16

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

MOVEMENT IN FUNDS - PREVIOUS YEAR

Restricted funds
Senior Citizens
Homeless fund
Families and Under 5's fund
Wellbeing café fund
Household Support fund
Ukraine Drop In/support
Web Group fund
Music Group fund
Total Restricted funds
Designated fund
Project Development
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 - PREVIOUS YEAR

Senior Citizens

A grant of £9,906 was received last year 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 during the year ended 31 July 2022 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 last year 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 during the year ended 31 July 2022 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 last year 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 17

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

RESTRICTED FUNDS - PREVIOUS YEAR

Ukraine Drop-in

A grant was received last year 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 last year 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.

14 RELATED PARTY TRANSACTIONS

Other than receiving a donation of £25,297 (2023 - £25,746) 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.