Charfty r•glstration number 1092910 IEngland and Wales) Company raglstratlon numbor 04337821 NUMBER ONE COMMUNITYTRUST (TW) LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Caladine Chorlered Cerlified Accountanls
NUMBER ONE COMMUNITY TRUST (TW) LTD LEGAL AND ADMINISTRATIVE INFORMATION Mr R F Horan Mr R Mole Mr P Pearce Rev Dr P T Sanlon Mr I Carson Chalr Rev Dr P818r Sanlon Secrotsry MrRMo Charlty numbor {England and Wales 1092910 Company number 04337821 Prlnclpal addr•Js 1 Rowan Tree Road Tunbrfdge Wells Kent TN2 5PX R•glst•rod offlc• 1 Rowan Trèè Rood Tunbridg8 W8118 K8nt TN2 5PX Ind•pend•nt •xamln•r Colln Dadswell FCA FCCA DChA Caladine Limi18d Chantry House 22 Upperton Road Eastboume East Sussex BN21 1BF 8ankern Unity Trust Bank PLC Four Bdndleyplace Bimlngh8m West Mldland8 812H8 Barclays 8ank PLC Tunbridge Wells Branch Leicester Leicestershir8 LE87 2BB
NUMBER ONE COMMUNITYTRUST (TW) LTD CONTENTS Page Chaiman's statement Twstees, report Statement of trusl8ès' responsibillties Ind8pèndent examinevs report Stat8ment of financial 8Ctlvlties Statement of financlal posllSon Notes to the financial statements 9-22
NUMBER ONE COMMUNITY TRUST (TW) LTD CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 Chalrnian's Report Thank you for your interest in Numb8r One. As a community focused charity we exist to S8iv8 the wmmunty that Ilves around us and l am thankful for the many people who give their tlme, skills, wisdom, finances and energy to make that happen. Thank you for all that you do. We remain thanlrful to Tunbridge Wells Presbylerian Church for their partnership in the work of Number One - helplng wlth volunteers, flnanc83 and leadership. We ar8 also Ihankful for a positive r8lationship wlth TWBC and KCC - we aPprat8 th8lr fflnancial and18gal support. This Is important as we move forwards to improve our buildings end prepare for a fvture when more p8ople have movèd onto the estste. KCC conlintse lo provide library s8rvice6 from the bulldlng and TWPC member8 have enjoyed welcomlng many new visitors to Ih8ir morning, evening and children's Sunday services. Thanks to a grant from TWBC and financi81 support from TWPC the buildlngs have been improved over the last year wlth naw r¢)ofs and entrlaYS. TWPC remain in dose partnership with Number One in all building & refurbishing works by provmling planning, flnance and volunteers. With wamest thanks and every blesslng for the year to come, Rev Dr Peter Sanlon Chalrman
NUMBER ONE COMMUNITYTRUST (TW) LTD TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present Iheir annual report and financial statements for the year ended 31 March 2025. The financial statèments have been prepared in accordance with thè accounting pollcies $81 out in note 1 10 the financial $tat8m8nts and comply wllh the trust's Memorandum and Arti¢les of Association, the Companbs Act 2006 and 'Accounting and Reporting by Charlties: Ststement of Recommended Practice applicable lo charlties preparfng Ihelr acnts in accord8nce wth the Flnanclal R8POrtlng Standard appllcable In the UK and R$publlc of Ireland (FRS 102r (effective 1 January 2019). ObJectlve8 and actlvttl•8 To promote any charitabla purpose for the ben6fil of the inhabitants in the Ramslye and Showfields areas of Tunbridge Wèlls generally. bul In parucular by the relief of povety, pre88rvation and protection of good health. advancement of education and training, advancernent of religlon, and the provislon of r8creallonal and lei8ure fadlities in the interests of social w81fare. We alm to deliver these Objects by the following and other powers Providing and managing propety for a communlly centre Provlding lacillU8s for Chdstian Worship Partnering wllh a ststutory authortty lo provide a Ilbrary withln our property Providing advice, research, and support to other charit185 Hiring arKI managlng propety for provislon of our communlly $eNlces. Public b8n8frt In settlng obj8Ctlves and plannlng for actlvitres, the Trustees have givon due consid8r8tion lo general gurdanco published by the Charity Commission relating to Publ benefit. A¢hlov•m•nts and p•rfomianeo Swnlfic8nl activltles and achiavemenls against obfftctives The trusteeg would like to thank all the stakeholders and partners who shar8 our vision to Support and empower local people In particular the Tunbridge Wells Borough Council, Kent County Council, Town & Country Housing Group and Peabody Group. Tho Communlty Hall and Hub have contlnued to offer a variety of activ1tS such as salsa, tango, Ilne danclng dasses, boxlng classes, YMCA Youth Club, Wealden Tai Chl, English as 8 2nd language dass8s , tabl8 tennls, Quiz nlghts el¢ as well as offering local peopla a v&nue for blrthday partles. Thls Is all facilitatgd by a volunteer from TWPC church who manages bookings. The library cnnlinues to provide 8 service four da a weèk and the calé reopened in Aprll 2024 on W8dnè$days from 10.00 10 12.00 servlng t88s 8nd coff88$ c8k88 and biscults wlth a play sa for chlklren. We also commenced a new partnership wlth Nourlsh Foodb2nk who support those struggling financially. With grants r8c6ived from The Ludlow Trust and a church In the USA we have 8180 r8furbighed th8 old pre h0o[ room for use as a youth club for the CDmmunlty The current building development will See our nelghbourhood looking very different and we continue to explore opportunlts'8s for further building work lo b8n8fit the communities we serve.
NUMBER ONE COMMUNITY TRUST (TW) LTD TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Chall•nges and Opportunitle8 With significanl buildlng work5 going on around us and many residenls movlng off the estate, Number On9 needs to remain a welcoming communlty space lo support those residents who remaln an(J new amvals Wo &njoy positive relationships with Iha dev81opers provid8 a Space Wha residents Can meet with the developer to addross any ¢onc8rns. Premlses Our buildings have be8n improved ov8r the last year with now roots and 8ntryway8 thanks 10 8 Th Borough Council grant and financlal and practlcal support from TWPC. The building worf(s have created cha116nges for paTklng and so we have secured our car park with barrièrs to ensure this is r8seN&d for Community Centre users only al a time where street parking Is difficult. Ther& have b&en some matters of vandalism - bathers and bollards ripped out. A closed clrcuit tv monitortng system was Installed, funded by the TW Borough Councll to help counter th18. Flnan¢lal revl•w R6suI¢ for the er The Ilnancial result for the ye8r was an overall surplu8 of £30,723 (2024.. deflcit of £82,165). Golng concem The truslees are satlsfled the ChatY Is 8 goln9 Concern however rlsing costs of employment, utillties and food m8an that it will be necessary to explore the costs faclng the charity in the comlng yèar more In depth. ROseS policy On 31 March 2025 our unrestricted free fes8rves stood at £43,66712024'. £3,275). Restricted reserves stand at £nll (2024.. £382). It Is our intention lo build up, from our annual surpluses, sufficient reserves lo ¢over 6 months rlomal running expenses Bgainsl unexpected falls in Income or increases In expenditur8. For major bullding or repair works we seek grants and donations and have received £83,000 in th8 last few mnlhs. Tunbrldge Wells Presbyterian Church. who partner with us, has a small bullding fund from whlch 80mg SUPPOrt to NOCT has 8lr8ady been made. Trustees meet regularly io dlscuss finances monitor c08ts and to pursue grants and donor8. 8afoguardlng NOCT supports our communty and as a necessary part of that work, comes Into dally contact with a wide range of vulnerable adults and children. All our stsff and tfustees are DBS checked to the hlohest levql permitied and thfe Is rf9ular trainlng lor all in contact wllh chlldren and vulnerable adults. NOCT has Safeguarding Pollcy and Procedures - these were updated and recommltted to In Feb 2022. Structure, governar¢ and managemenl The Irusl 1$ a company limited by guarantee. The tru51ees, who aro also th8 dlrectors for th8 purpose of cornpany law, and who served dunng the year and up lo Ihe dal8 of signature of the financial statements wgre.. Mr R F Horan Mr R Mole Mr P Pearce Rev Dr P T Sanlon MrA Tyt8r Mr I Carson {Reslgned 1 F8bruary 20251
NUMBER ONE COMMUNITY TRUST (TW) LTD TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Recmi¢ment and appointm8nt of trustees None of the Iru6tees has any beneficial interest in the company. All of the Irustèes are members of the company and guarantee to wntribute £1 In the event of a winding up. The trustees. report was approv8d by the Board of Trustees. Rev Dr P T Sanlon Trustee Daté.. 91101 tol
NUMBER ONE COMMUNITY TRUST (TW) LTD STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are 8150 Ihe director5 of Number One Comrnunity Trust ITW) Ltd for the purwse of company law, are responsible for preparing the Trustees, Report and the financial slatsmanls In accordance with applicable law and United Kingdom Accounting Standards (Unit8d Kingdom Generally Accepted Accounts'ng Practice). Company law requires the thjstees to prepare financial statements for each financial year whlch glve a true and fair View of the stsle of affalrs of the tNSt and of the incomlng resour¢e8 and application of resources, Including the income and 8xp&nditure, of the charileble Company for that year. In pr8paring Ih8se financlal statsm8nts, th8 trustees are required to. - select suitable accounting policies and then apply Ihem consi8tentiy', - obsee the methods and principles in the Charities SORP.. - make judgements and estimates that are reasonable and prudont. stale whether applicable UK Accounting standards have been followed, subjèct to any material departur8$ disdosed and explained in the financial statements- and prepare the financial statements on the going concem basis unless it 1$ Inappropriate lo prgsuma that the trust will continu8 in op8ration. Th8 trustO8$ are r8sponslbl8 for k88plng adequate accountlng records that dlsdose wrth r8asonablo accuracy at any time the flnanclal posrtlon of the trust and enable them to ensure that the financial stalgmant8 comply wlth the Comp8nies Act 21)06. Th8y are also respon5ibl8 for safeguardlng th8 assets of the trust and hence for taking reasonablè steps for the preventlon and det8Ction of fraud and other irregularftles.
NUMBER ONE COMMUNITYTRUST (TW) LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NUMBER ONE COMMUNITY TRUST (TW) LTD I report lo the tru51ees on my examlnatlon of the financial statements of Number One Communty Twst ITW) Ltd (the trust) for th8 year end8d 31 March 2025. Ro$pon$lbllltlos and basis of faport As the trusteas of the twst {and also its directors for tha pury)oses of ¢ompany law), you arè reswnslble for the preparation of the financial statem8nts in accordanc8 Wth the rgquirements of the Companie$ Act 2006. Having satisfi8d mysèlf that the financial statements of the trust are not required to b8 8uditad under Part 16 of the Companies Act 2006 and ar8 ellglbl8 for independent examination, I report In respect of my examlnation of Ihe trust's financial statements carried out under séction 145 of the Charities Acl 2011. In carying out my examinatM)n I have followed th8 Directions given by the Charlty Commlssion under s8Ctlon 145151(bl of the Charitias Acl 2011. Ind•p•nd•nt •x•min•es slatoment I have completed My examination. I confirm that no matters have come to my attention in connection with tho 8xaminatlon giving me cause to believe that in any material respect.. accounting records w8r8 nol kept in resp8ct of the trust a$ quired by 88ction 386 of th8 Companies Act 2006. thè financial slatemenls do not accord wlth those records. or the financial stalemenl$ do not comply wSth the ac¢ountlng requlrements of sectson 396 of the Companlos Ad 2006 other than any requirement that the financlal slat8mentS give a truo and fair vlew, which 1$ not a matter considered 8S Part of an Indep8nd8nt 8X8minotion,' or the financial staloments have not been prepared In accordanc8 wllh the m8lhods and prlnciples of the Staternant of R8comm8ndèd Practice for accounting 8nd r8POrtlng by charities applicable to chartiies preparing their financi81 statements in accordance with the Financial R8POrting Slandard applicable in the UK and Rèpublic of Ireland (FRS 102). I have no concerns 8nd h8ve come across no other matters in connection with lh8 8xamination lo which attention should be drawn in thls report in order lo enable a proper under6tsnding of Ihe flnancial statements lo be re8ched. Colln Dad8w•ll FCA FCCA DChA Caladlne Limlled Ch8nlry House 22 Upperton Road Eastboume East Sussex BN21 16F Date.. 3011012025
NUMBER ONE COMMUNITYTRUST (TW) LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrostrlcted Restrlcted funds funds 2025 2025 Total Unrestrlcted Restrl¢t•d funds fund$ 2024 2024 Total 2025 2024 Notes In¢om8 from,. Dt)nats'ons and16gacie8 Charitable activities 37.424 53,872 78,000 115,424 53,872 14.450 77,824 14.450 79,434 1.610 Total In¢om 91,296 78,000 189,296 92,274 1,610 93.884 Exp•ndllure on: Provision of community cafe Pre-school Nur8ery Other activilles for the community Showlleld8 Hall 6,004 6,004 72,990 866 72.990 2.094 1.228 47,401 15,760 69,408 116,809 15,760 82.470 18,345 82,470 18,345 Total charltable expenditure 69,165 89,408 138,573 174,671 1,228 175,899 Other expendlture 10 150 Total expendltur• 69,1e5 69,408 138.573 174,821 1,228 176,049 Not Incom{expendI1ufèl 22,131 8,592 30.723 182,547) 382 182.165) Transfers betwe8n funds 17 8,974 (8,974) 253,022 (253,022> N•t mov•mont In fund• 31,105 {3821 30,723 170.475 1252,640} (82.165) Ra¢on¢lll8tlon of fvnds: Fund balances at 1 April 2024 252,210 382 252,592 81,735 253,022 334,757 Fund balance8 at 31 March 2025 283.315 283.315 252,210 382 252,592 The slalemenl of financial actSvitles Includès all g8ins and losses recognlsed In the year. All income and exp8ndibJre derive from continuing activits'es.
NUMBER ONE COMMUNITY TRUST (TW) LTD STATEMENT OF FINANCIAL POSITION AS AT31 MARCH 2025 2025 2024 Notos Flx•d a83•ts Proparty, plant and equlpment Investments 12 13 239.647 248,934 239.648 248,935 Current a**ats Trade and other receivables Cash at bank and in hand 14 21,127 37,151 6,222 11,624 58.278 114,6111 17.846 {14.1891 Current Ilabllltle• 15 N•t curronl a880ts 43,667 3.657 Total a••ets 1088 ¢urr•nt Ilabllltle• 283.315 252.592 Tho lund• ol th• tru81 Restricted income funds Unrestrlctsd funds 17 18 382 252.210 283,315 283,315 252,592 The company Is entitled to the exémption from the audit requir8m8nt contalned In section 477 of th8 Companie$ Act 2006, for Ihe year ended 31 March 2025. The director acknowledges hls f88ponslbillt488 for complylng with the requlr9men18 of the Compani85 Act 2008 wlth respect to accounllng records and the pr8parallon of flnanclal stalements. Thè members have not required the company lo obtsin an audit of its financial statements for the year In que$tlon In aco)rdanc8 with sectlon 476. These financial statements have been prepared in accordance with the provision8 applicabFe lo compani88 8ubJ"e¢t to the small compani8s reglme. Qglio l L)ir The financial ststemenls were approved by the trust888 on ......................... /q/k Rev Dr P T Sanlon Trustso Company reglstrdtton number 04337821 (England and Wales)
NUMBER ONE COMMUNITY TRUST (TW) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ountlrw pollclo0 Company Inforniatlon Number One Community Trust ITW) Ltd is a pdvale Company Ilmited by guarantee Incorporated In England and Wales. The register0d office is 1 Rowan Tree Road. Tunbrldge Wells, Kent, TN2 5PX. 1.1 Basls of preparatlon The financial ststemenls have been prepared in accordance wlth the trust's Memorandum and Artides of Association, the Companies Act 2006. FRS 102 Yhè Financial Reporting Standard 8pplicable in the UK and Republic of Ireland. ("FRS 102.) and the Charitlas SORP "Accountlng and Reporting by Charities.. Statement of Recommended Practice applicable to charitles preparing their accounts in accordance wllh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}. (effects've 1 January 20191. Th8 trust is a Public Benefit Enlty as d8fined by FRS 102. The tNs1 has t8ken advantage of the provlslons in the SORP for ¢harlt18s not to prepa a St8t8mant of Cash Flows. The financial $18t8mènts are pr&p8red In stertlng, whlch is the functlonal currency of the trust. Monetary amounts In thèse financlal statements arè rounded to the nearnst £. The financial stat8ménts h8V8 b66n pr&pared under the historical cost convention. Th8 principal accounling pollcies adopted are set out b810w. 1.2 Golng contsrn Al the lime of approving the financial statements, the trustees have a reasonabl8 expect81ion that the trust has adequate resourc8s lo contlnue in oporalional exlslence for the foreseeable future. Thus th8 trustees continue to adopt the going concem basis of 8ccthintlng in pr8parlng the financial slatemenls. 1.3 Charhable lund• Unrestrlcted funds 8re 8vailablg for u8e at the dlscretion of the trustees in furtherance ol their charllable objectives. Restricted funds are subject to 8peclfic condlllons by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out In the notes to the flnancial statements. 1.4 Income Income is rewgnised vthen lh8 trust 18 legally 8ntitled lo it after any pgrfomiancè conditions have bean met. the amounts can be measured relIab, and It is probabl8 that income will be receNed. Cash donations are recognlsed on recelpt. Other donatlons are recognised once th8 trust has been notlfied of the donation, unless perfomiance conditions require deferral of the amunt. Income tax recoverable In relalion to dt)natrons received under Gift Aid or deeds of covenant is recognisod al the time of the donalion. Grants are recognlsed In the financial statem8nts in the pertod in which they are r8celved unless material and related to a spedflc perlod, when they are deferred to the balance sheet and carried forward to the next aCtnting peTlOd. Int8r8St of funds h81d on deposit is included when receivable and the amount can be measured reliabty. This Is nomially upon notificatlon of Ihe interest pald or payable by th8 bank.
NUMBER ONE COMMUNITY TRUST (TW) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcle• {Contlnu•d) 1.5 Expondlturo Liabilities a recognised when there is an obligation at the balance sh88t date as a result ol a past event, it is probable that a transfer of 8conomic benefit will be required In s8tUement, and the amount of the setuement can be estimated rellably. Liabilities are recognlsed al the amount anticipated to be paid to settle the debt or the amount It has recelved as advanced payments for thé gi)ods or services It must provide. Expenditure is rQgnised once there is a legal or con6tru¢live obligation to transfer onoMiC benefft to a third party, tt Is probable that a tr8n$fer of economic ben8fits will be r8quired In settlement, and the amount of the obligation Can be measured r6liably. Expenditure is classified by actlvlty. The costs of &a¢h activity 8re made up of the lotal of direct costs and shared costs. including support costs involved in urKlortaking each activity, DI¢t costs attributable lo a single activty are allo¢ated directiy lo that activity. ShAred costs which contribute to more than on8 activity and support costs which are not attnbutab18 to a single activity are apportloned betsveen those activities on a b8s1$ consistent with the us8 ol resources. Central staff Gosts are alkjcated on the basis of Ilme sp8nl, and depreciation charges are allocal8d on the portion of tho as581'5 us8. All expendlture Is Induslv8 of Irrecoverable VAT. 1.6 Propertyi plant and oqulpmont Propety, pl8nl and equipment are Initially measured at cost 8nd subsequenlly measured at cost or valuallon, net of depreclation and any Imp8irrnent losses. Tho trL18t has elécted not to capllalise any Itxad as$ets with a cost of less than £500, but instead to recognise thes8 in 8xponditUfe for the year. Dèpreciation is recognised so as to wrrte off the cost or valuation of a88ets legs their residual values over their useful lives on the following basl8.' Freehold18nd and lIdIng$ Showfiélds Improvements Kitchen equlpment Showfield Hall equlpm8nt Office equipment Webslte costs 2% per annum 33YD per annum 20Vo per annum 20Vo per annum 25% per annum 339/0 per annum The gain or loss arlsing on the dlsposal of an asset Ss determlned as the difference betw8en the sale proceeds 8nd the carying value of the asset. and is recognised in the statem8nt of financial activities. 1.7 Non4urrent Investments Investm8nls in subsidiaries are inlllalty measured at Cost and 8ub8equently measured at cost less any accumulat8d Impairment losses. A subsidiary 1$ an ènllty controlled by the trust. Control is thè power to govem the financSal and op8ratlng policles of Ihe entity so as to obtain benefits from its actlvltles. 1.8 Impalrment of non-currnnt a8••t8 At each reporting 8nd dat8, the trust reviews the carrying amounts of ils tangible assets to d8temine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, tha recoverable amount of the asset is estlmated In order to detemiine the exient of the impairment loss (rf any>. 10-
NUMBER ONE COMMUNITY TRUST (TW) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcle* (Contlnu•d) 1.9 Cash and rA•h equlval•nt• Cash and cash equivalents include cash in hand. deposits held at call with banks. other short4erm liquid Investments with orfginal maturities of thw months or less, and bank overdrafts. 88nk ov8rdrafts are shown wlthin borrowings In current liabilities. 1.10 Fln8nel•l Instrumonts The trust has elected to apply the provlslons of Section 11 'Basl¢ Financlal Instruments. and Section 12 '0ther Flnanclal Instruments l$su8s' of FRS 102 lo all of Ils fin8n¢lal instruments. Financial instruments a r8cognis6d in the trust's be18nce sheet when the trust becomes party to the contractual provision5 of the instrument. Financlal assets and liabllitles 8r• off881, wllh the net amounts presentèd In the financial stal&ments. when therè is a legally enforce8bl8 right to set off the rec(KJnised amounts and there is an Intention to settl6 on a n61 basis or lo roalise th8 a888t and Settle the liability simultan8ously. aasle Ilnanclal •s$•ts Baslc flnanclal a88els, 1¢h Include trade and other recelvabbs and cash and bank bal8nc88, arè Inltlally measured at transacllon pce Including transactlon costs and ar8 subsequently carri8d at amortlsed cost using the effectlve Interest method unless the arrangement constitules 8 financing iransaction, where the transaction Is measured al th8 present value of the future recelpls di$count8d at 8 market rale of interest. Financi81 assets cl888ified a8 r8ceivablg within one year are not amortised. 8aslc fln•nclal Il•bllldo$ Basic fin8ncial liabilities, including trad8 8nd oth8r payables and bank loans are Initlally recogni88d at tr8ns8ctlon prlce unl8ss the arrangement constitutes 8 flnancing transaction, where the debt instrument Is measured al the prèsent value of the future payments discounted al a market rale of Intorosl, Flnanckgl Ilablllts'88 cla881fied a5 payable withln one year are not amortised. Debt instruments are sub8equenlly carried at amortised cost, using the effective interest rale meth(MJ. Trad8 payables are oblig8tlons to pay for goods or servlc8s that have been acquired in the ordinary cours8 of operatlons from suppliers. Amounts payable are classlfled as current Ilabllltle8 If payment Is due within one year or lèss. If not, they are presented as nOnQuent Ilabilltle8. Trade payables are recognlsed inltlally at transaction price and sub8equ8ntly m888ured at amortised cost Using the effective int8r8s1 metht)d. Derecognltlon of flnancl•l Il•bllltl•• Financial liabilitie$ are derewnised when the trust's contractual obllgations expire or are discharged or cancelled. 1.11 Employ•• b•n•fit• The cost of any unused holiday 6nlltlemenl is recognised In the perlod in which the employee's seNicès are recelved. Temination benefits are recognised immediately as an expènse when th8 trust is dèmonstrably committed to terminat8 the empk)yment of an employeè or to provide temiin8tlon beneflts. 1.12 Retlrement benefits Payments to defin8d Contribution retlrèment benèfft schemes are charged as an expènse as they fall du8. 11
NUMBER ONE COMMUNITY TRUST (TW) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Crltlcal ac¢ountlng e8tlmato8 and Judgèm•nts In the applicatlon of the trust's accountlng policies, the InJst8es are requlred lo make Judgement$, estlmates and assumptions al)out the canying amount of ass8ts and liabilities that are not roadily apparent from other sources. The estimates and associatèd assumptions are based on historfcal expèrlence and olher factors that are considered to b8 r818vant. Actual results May dlffer from these 8Stlmat8S. Th8 8slimatss 8fKI undedying assumptlons ar8 revi8w8d on an ongoing basis. R8vislon$ to accounting estimates are recognised In the perlod In whlch the 8stimalé is revised where the revlsion affe¢ts only that perlod, or in th8 perlod of the revlsion and future perfods where the revlsion 8ffe¢ls both curront and futur8 periods, Incom• from donatlons and légael•• Unro8trfct•d R••trlct•d fund8 fund• 2025 2025 Tolal Unrestrlcted R•strlcl•d fvnd• lund8 2024 2024 Totsl 2025 2024 DatIOnS and gifts Grants 37.424 13,000 65,000 50.424 65,000 14.450 14,450 37,424 78,000 115,424 14,450 14,450 Donatlons and g11ts Donations Profit share from subsldiary 1,612 13,000 14,612 1.361 1,381 35,812 35,812 13,089 13.089 37,424 13,000 50,424 14,450 14.450 Grants Tunbridge W611s Borough Council 65,000 65,000 65,000 65,000 12-
NUMBER ONE COMMUNITYTRUST (TW) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from charltable •ctlvlll¢• UnrestrScted Restrlctod fund8 funds 2025 2025 Total Unrostrlctad Restrl¢t•d funds funds 2024 2024 Total 2025 2024 Provlslon ot communlty caf• Cafe sales 2,634 2.634 30,526 30.526 PrvJehool P4ur8ery Pre-school utilities ¢ontrtbution 1.610 1,610 Oth•r actlvltl•• for the communlty Charltable rental 5ncome 21.804 Other Income 4,740 21,804 4.740 24.376 3.137 24,376 3.137 Shownold* Hall Communlty c8ntre hlre 24.694 24.694 19,785 19,785 53,872 53,872 77,824 1,610 79,434 13-
NUMBER ONE COMMUNITY TRUST {TW) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendltur• on charltablo aclivltles Provlslon of Olh•r a¢tlvltla8 Shown•lds ¢ornmunity foy th Hall cafe communlty Total 2025 2025 2025 2025 Dlrect costs Staff costs Depreciatson and irnpaimient Stock purchases Rent Ral8s and water Gas and electriclty Repalrs and renewals Insurance Tglephon8 and Inlgmet Other admin costs Cl6aning suppllas and $ervices 6,144 8,993 120 6,144 16,649 2.594 8,000 2.504 7.977 75,131 2,883 2,391 1,159 5,053 2,288 2,474 5,368 6,OCN) 161 1,081 2,343 4,405 73,231 2,883 2.391 1,158 5,053 2,491 6,004 106,721 15,760 128.485 8har• of 8UPPOrt and povornanco costs (SM nota 61 Support Governance 331 9,757 331 9.757 6,004 116.809 15,760 138.573 Analysls by fund Unr8s1rlcted funds Restrfcted funds 6,004 47,401 69,408 15,780 69,165 89,408 6,004 116,809 15,760 138,573 14-
NUMBER ONE COMMUNITY TRUST (TW) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on charltablo actlvltl•$ Iconllnued) Provlou• year: Provlslon of Pre4choolOther actlvltl•• Showneld8 communlty Nursery for tho Hall cafo communlty Total 2024 2024 2024 2024 2024 Dlr•d cost• Stsff cost$ Deprèciation and impairnient Stock purchases Rent Rat05 and wat8r Gas and electricity Repairs and ren8wals Insurance Telephone and intemet Slatlonery, post and ¢omput9r costs W8Ste s8rvlc8s ProlecVEvent 8xpen3e8 Other 8dmln co819 Advertising & Marketing costs Clèaning supplies and services Casual wages 56,813 2,288 13,417 27.008 9,263 1.344 362 2,939 84,181 14,490 14.772 6.088 3.038 13.459 8.494 3,689 2,187 352 2.908 600 1,092 1,000 1,155 231 11 6,088 3.038 1,228 855 4,163 4,793 148 2.698 3.689 2,048 352 2,908 600 1,074 1,000 988 231 139 18 167 72,990 2.094 64,307 18,345 157,736 Share of Support and gov•rnanc• costs Is•• not• 6) Support Governance 6,089 12,074 6,089 12.074 72,990 2,094 82,470 18.345 175,899 Analysli by lund Unrestricted funds Restrict8d funds 72,990 866 1,228 82,470 18,345 174.671 1,228 72,990 2,094 82.470 18,345 175.899 15-
NUMBER ONE COMMUNITY TRUST (TW) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allated to actlvlU¢8 2025 2024 Architecturel services Governance costs 331 9.757 6,089 12,074 10,088 18,163 Other 8Ctivrties for the Community 10,088 18,163 2025 2024 Gov•rnanc• costs ¢omprl8•: Independent examlnatlon fee8 Lagal and professional Book k8eping Accountsncy 1,000 1,000 70 9,004 2,000 6,757 2,000 9,757 12,074 N•t mov•m•nt In funds 2025 2024 Tho net nwernent In funds 18 81ated 8ft8r chargingl(cr8ditingl'. Fees payable for the Indep8nd8nt examlnatlon of the chadty6 flnanclal ststernents Depreciation of t)wned propgty, plant and equlpment 1,000 16,649 1,000 14,490 Trusta•8 None of the Irustaes (or any p8r80ns connècted with thèm) rèceived any rernuneration or beneffts from tho trust dunng ihe yèar. Employe08 The 8vèraga monthly number of employees duTlng the y8ar w8S'. 2025 Numbor 2024 Numb•r
NUMBER ONE COMMUNITY TRUST (TW) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Employoes (Contlnuodl Employment cost• 2025 2024 Wages and salarles Other pension costs 6,144 83,045 1,136 6,144 84.181 There were no employees whose annual remuneration was more than £80.000. 10 Other •xpandltur• Unro$trlcl•d Unr•slrl¢tsd fund8 funds 2025 2024 Penalties 150 11 Taxatlon The charity18 oxempi Irom tsxallon on Its actlvities b8cau89 all Its income18 applled for charitsble purpose8. 17-
NUMBER ONE COMMUNITY TRUST (TW) LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Flxed a8get Investment• Other Investments Cost or valuatlon At 1 April 2024 & 31 IAarch 2025 Carrylng amount Al 31 March 2025 At 31 March 2024 2025 2024 Other Investments mprIse.. Note• Inveslm8nt$ in subsKllarl8s 21 14 Trade and othor r•colvabl•8 2025 2024 Amounts falllng du• wlthln oné yèar: Trade receivables Amounls owed by subsldlary und8rtaking8 Other receivables Prepayments and accrued income 1.714 17,715 20 1,678 2.952 1.903 20 1,347 21,127 6,222 15 Curront Ilabllltl•• 2025 2024 Trade payables Other payables Accruals and deferred income 11,511 100 3,000 11,089 100 3.000 14,611 14,189 16 Retlr•mont benefil •ch•mo8 2025 2024 Defined contrlbutlon sch•m•s Charge to profft or loss in SpeCt of deffined contribution sch8mes 1,136 Thé trust operates a defined contribution penslon sch8me for all qu81fying employees. The assets of the schem6 8re held separately from those of tho trust in an independently administered lund. 19-
NUMBER ONE COMMUNITYTRUST (TW) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Roslrfcted fvnd• The rèstricted funds of the chadty comprl$e the unexpended balances of donalk)ng 8nd grant8 held on trust subloct to speclfic conditlons by donors as to how thèy may be us8d. At 1 Aprll 2024 Incomlng Rosourcos r080urces axpondod Trnn$lors At 31 Mah 2025 Capital funds: Extension and refurbishment fund Prepschool Lease Ulilitses Conin'bution 78,000 169,026) (8,974) 382 (382) 382 78,000 169,408) 18,9741 Pr•vlous yoar: At l Aprll 2023 Incomlng ro8oureas R•$our¢•• •xpondod Tr4n$hrn Al 31 March 2024 Capitsl funds= Extenslon and refurbishment fund Pr&School Lease Utilrties Contribution 253,022 1253.022) 1,610 {1,2281 382 253.022 1,810 11,228) (253,022) 382 C•pltsl Funds.. Extenslon and r•furblshmont fund Fundlng was r8c8lv8d In the year for RUrbiShrnents to the Showfi8ld$ H811. The work was rArded out In the year and charged to th6 unrestricted fvnds. Th8re Is a transfer from restrfct8d to unrestrtcled funds In the yoar to reflact the expgndltur8 Incurr8d. Funding was received during th& y88r ended 31 M8rch 2004 specificalty lo Support th8 c0818 of constrvction. fitting out and furnishlng of the enlarged and refurbished promises for which th8 ch8r4ty was r88ponsible. All reslricted funding received was expended during the year ended 31 March 2005 with the costs being capitalised as an asset, to be wn'tten off ov&r the following years. In 2024 a transfer was made from restricted to unrestricied funds, representing the costs of the refurt)i8hed prèmises held for general purposes. The pre4chool lease utllltles contrlbutlon Is relates dlrectly to Ihe electridty and gas consumed by the pre- 3chool. Th8 Pre-school left in 2023. -20-
NUMBER ONE COMMUNITY TRUST (TW) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Unrestrlcted fund• The unreslrlct8d funds of the tharity compri88 th8 unexpended balances of donations and grants whlch are not subject lo specific conditions by donors and grantors as to how they may be used. Thes8 include deslgnated ndS which have been set aslde out of unrestricted funds by the trustees for 8P8¢ffic wrposes. At 1 Aprll 2024 Incomlng Rosourc8s r•8oiirc•s •xp•nd•d Transfers Al 31 March 2025 Gen6ral funds 252.210 91,296 169.165) 8,974 283,315 Prevlous year: At 1 Aprfl 2023 In¢omlng re•ources Ro•our¢•• •xpended Tran•fer• At 31 March 2024 G8neral funds 81,735 92.274 (174,8211 253,022 252.210 19 Analy•l• of not a•80ts b•tweon fund• Unre•trlcted fundi 202S Restrlcted fund8 2025 Total 2025 At 31 Mah 2025: Propety, plant and equlpmenl Investments Current assetsl{liabilllles) 239.647 239,647 43,687 43,667 283,315 283.315 Unrestrlcted funds 2024 Regtrlcted funds 2024 Totsl 2024 At 31 M•rch 2024: Property, plant and equipment Investments cuent assetrU{118blllties) 248.934 248,934 3,275 382 3,657 252,210 382 252.592 20 Related party tran•acllon8 The Trust received donatlons of £35,81212024'. £13,089) from its subsidiary, Number Oné Residenllal Limiled during the year. At 31 March 2025 £17.71412024'. £1,902) was due from Ihe subsidiary. Thera were no other disclosable r81aled party transactions during thè year (2024 - none). 21
NUMBER ONE COMMUNITY TRUST (TW) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Sub•ldlarfo• Thes8 financial stst8ments ar8 $8parate trust finandal slatemenls for Number One Communlty Trust (TWI Ltd. Details of the trusfs subsidiaries at 31 March 2025 are as follows.. Name of undertaklng Règlstsred offl¢• Nare of buslneol Cla88 of Yo Held 8haros h?Id Dlro¢t Indlrnet Number One Residenli81 Limited UK Residential letting Orginary Sh8r8S 11)0.00 The aggre9ale capital and reseN8s and th8 result for the yèar of subsidiaries excluded from consolldallon was as foll¢)ws'. Name of undortaklng Profltl(Lo••) Capltal and Resorv•• Number One ReSIdenal Llmited 35,812 22-