Registered number.. 4385681 Charity number.. 1094701 THANET COMMUNITY DEVELOPMENT TRUST LIMITED (A Company Limited by Guarantee and a Charity) Trustees, Report and Finanaal Statements For the Thanet Community DevelopmentTrust Limlted Year Ended 31 March 2025
THANET COMMUNITY DEVELOPMENTTRUST LIMITED IA Company Limited by Guarantee and a Charity) Contents Page Chairman's Statement Trustees. Report Independent Examinerfs Report Statement of Financial Artivities Balance Sheet io-ii Notes to the Flnan¢ial Statements 12-19
THANET COMMUNITY DEVELOPMENTTRUST LIMITED IA Company Limited by Guarantee and a Charity) Chairman's Statement Forthe Thanet Community Development Trust Limited Year Ended 31 March 2025 Thanet Community Development Trust Accounts 2024-2025 Welcome to the Chair's Report for the 2024-2025 Thanet Trust Annual Account5. l am pleased and proud to present another Chairfs Report for the Thanet Community Development Trust. We have continued to deliver all of our social inclusion projects Itwo History Clubs per week, two Craft Clubs per week and a monthly Friendship Clubl. and both Ramsgate and Margate lob Clubs remain in full force. All of these clubs are in addition to our accredited training courses, for example, our ever-popular Construction Skills Certification Scheme ICSCSI. and our expandir>g suite of first aid courses, which run continuously throughout the year, helping people increase their skills, find work and change their lives. Our stability is underlined by my being able to say that yet again our core Trustees have all remained in place. as have all of our key staff. in fact. our Trustee members have increased bv one as we welcomed the excellent Joel Hooper to the team. l am very proud of these achievements and wish to pay due tribute both to my fellow Trustees and a150 to our dedicated and hard-working staff for their roles in our success in this remarkable year. Each and every one of our funders is important to us. We appreciate your support and would like to pass on the thanks of all of our beneficiaries whose live5 you have changed for the better. Specifically, I would like to mention: Colyer-Fergusson Charitable Trust Forrester Family Trust Francis Winham Foundation Garfield Weslon Foundation Grocers Charity John Swire 1989 Charitable Trust Kent Community Foundation Lawson Trust National Lottery Philip and Connie Phillips Foundation Thanet District Cour)cil Tudor Trust Worshipful Company ofweavers And many other smaller funders.
THANET COMMUNITY DEVELOPMENT TRUST LIMITED IA Company Limited by Guarantee and a Charity} As I look forward, I believe I can safely predict another year of widespread effective community devplopmp.nt from both Thanet Trust and its 515ter organisation, Kent Enterprise Trust. We will endeavour to improve Ihe lives of ihose in East Kent who can be helped by our services while ensuring our own sustainability into the long term. Thank you for reading this report. Richard Chapman Chair Thanet Trust
THANET COMMUNITY DEVELOPMENTTRUST LIMITED IA Company Limited by Guarantee and a Charity) Trustees. Report For the Thanet Community Development Trust Limited Year Ended 31 March 2025 Trustees: Richard Chapman Barbara Sims Keith Single Ralph Hoult OBE Pauline Smith Joel Hooper Chair Vice Chair Treasurer - Trustee - Trustee (resigned 10 October 20241 -Trustee ts-oined 16 January 20251 As Trustees of TCDT, we are responsible for preparing this report for inclusion irt the annual accounts. In so doin& we hope that it sets out for the audience the charitvs purpose, how we work towards that purpose, and what our work has achieved. The Trustees (who are also Direttors of the charity for the purpose of the Companies Attl present their annual report together with the financial statements of Thanet Community Development Trust Limited Ithe Charity) for the year ended 31 March 2025. The Trustees confirm that the Annual Report and financial statements of the Charity comply with the current statutory requirements. the requirements of the ChariVs governing document and the provisions of the Statement of Recommended Practice ISORPI "Accounting and Reporting by Charities" issued in March 2015. The Trustees have given due consideration to the Charty Commission's published guidance on the Public Benefit requirement under the Charities Act 2011. Strurture, governance and management CONSTrruTION Thanet Community Development Trust Limited is registered at Companies House as a charitable company limited by guarantee and was set up by a Trust deed on I" March 2002. the registered number is 04385681. The or8anisation was also created as a charity on 21 November 2(K12 and is registered with the Charity Commission under number 1094701. st METHOD OF APPOINTMENT OR ELEcnoN OF TRUSTEES The management of the Charity is the responsibility of the Trustees, who are elected and co-opted under the terms of the Trust deed. ORGANISATIONAL STRucfuRE AND DECISION MAKING The charity is organised $0 that the Trustees meet regularly to manage its affairs. Day-to-day responsibility is then delegated to the Chief Executive. Objectives and Activities POLICIES AND OBJECTIVES The aim of the Trust 15 stated as.- Thanet Community Development Trust, and the organi5ations which flow from it, will be socially based and not-for-private-gain in that any profits realised will be reinvested in the community. Its central aim will be to develop and improve the communities of Thanet. however defined. Priority will be given to people, groups and areas identified as in some Way disadvantaged.
THANET COMMUNrrY DEVELOPMENTTRUST LIMITED IA Company Limited by Guarantee and a Charity) Achievements and performance GOING CONCERN The Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason. they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. REVIEW OF A1VITIEs In line with its stated policy objectives above. TCDT has continued to support its beneficiaries even in these continually challenging operating environments. The Trust continues to deliver all of our social inclusion projects (two History Clubs per week, two Craft clubs per week and 2 twice-monthly Friendship tlubl, and both RamsEate and Marg3te Job Club5 remain in full force. All of these clubs are in addition to our accredited training courses. which run continuously throughout the year, helpinB people change their lives. Our stability is underlined by our being able to say that we have increased the number of Trustees by one. and yet again, our staff have all remained in place. All contracts undertaken have resulted in successful performance, and there have been no shortfalls in funding or clawbacks as a result of non-performance. Financial Review RESERVES POUCY The company endeavours to keep at least two to three months, running costs in reserve to allow for late receipt of income. This is calculated by deducting the element of reseNes relating to the leasehold property. the Hereson Centre, from the totsl reserve figure. INCOME Grant funding is mainly through graDt-making bodies and service delivery contracts, and our bids for funding target those sources with activities in the key areas in which the company specialises. The trustees would like to express their appreciation to all of the funders who have contributed to the income and for their ongoing and generous support. EXTRAORDINARY ITEM During the period, the Trustees closed a dormant company (Thanet Community Development Company) to which the Trust was linked.
THANET COMMUNITY DEVELOPMENT TRUST LIMITED IA Company Limited by Guarantee and a Charity} Other FUNDS HELD AS CUSTODIAN The company does not act as a custodian trustee for others. All of the assets referred to in the accounts belong to the charity. Trust assets cannot be disposed of without the consent of the trustees in a regular meeting. In preparing this report, the Trustees have provided by section 415A of the Co t3ge of the small compan5 exemption5 This report was approved by and gned on their behalf by Signature: Name:
irv r•r4G Position: <aJSYL+o Date". Ig ?o3S
THANET COMMUNITY DEVELOPMENTTRUST LIMITED IA Company Limited by Guarantee and a Charity) Independent Examinerfs Report For the Thanet Community Development Trust Limited Year Ended 31 March 2025 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE THANET COMMUNir DEVELOPMENT TRUST LIMITED I report on the financial statements of the Charity for the Thanet Comtnunity Development Trust Limited Year ended 31 March. 2025. which are set out on pages 9- 18. This report 15 made solely to the Charit5 Trustees. as a body. in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the CharitVs Trustees those matters 1am required to state to them in an Independent Examinerfs Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body. for my work or for this report. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act 20111"the ACV'I. The charity's trustees consider that an audit is not required for this year under section 144 of the Att and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the Charities Act, to follow the applicable Directions given by the Charity Commission (under section 145151{bl of the Act, and to state whether particular matters have come to my attention. BASIS OF INDEPENDEMf EXAMINER'S REPORT My examination was carrled out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently no opinion is given as to whether the accounts present a 'true and fairf view and the report is limited to those matters set out in the statement below.
THANET COMMUNITY DEVELOPMENTTRUST LIMITED IA Company Limited by Guarantee and a Charity) Independenl EKaminees Report For the Thanet Community Development Trust Limited Year Ended 31 March 2025 INDEPENDENT EXAMINER'5 STATEMENT In connection with my examination. no material matters have come to my attention which Eive5 me cause to believe that in. any material respect= the accounting records were not kept in accordance with section 130 of the Charities Act- and the accounts did not accord with the accounting records- and the accounts did not comply wtth the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2(XJ8 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered a5 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 3ccount5 to be reached. Signed- Mr H C Kemp FCA Kemps Chartered Accountants 42A High Street Broadstairs Kent CTIO IJT
THANET COMMUNITY DEVELOPMENTTRUST LIMITED {A Company Limited by Guarantee and a Charity) Statement of Financlal Actlvities (Incorporating Income and Expenditure Account) Forthe Thanet Community Development Trust Limited Year Ended 31 March 2025 Restrirted Funds 2025 Total Funds 2025 Total Funds 2024 Note INCOMING RESOURCES Incoming Resources from Gener3ted Funds Voluntary Income Activities for Generating Funds Investment Income Other Income 37 269.129 1.108 37 269,129 1,108 262 221,641 1,703 TOTAL INCOMING RESOURCES 270,274 270,274 223,606 RESOURCES EXPENDED Cost of Generating Funds Direct Project Costs Governance Costs Direct costs Support Costs 38.724 982 239,260 5.395 38,724 982 239,260 5,395 47,477 3,961 166,387 5.741 TOTAL RESOURCES EXPENDED 284,361 284,361 223,566 DEFICIT {14,087) (14.087) 40 Extraordinary Items 16 22,633 Movement in total funds for the year- Net in¢ome/lexpenditure) for the charity year 17 (14,087) {14,087) (22,593) Total Funds at l April 2024 549.887 549.887 572,480 TOTAL FUNDS AT 31 MARCH 2025 535,800 535,800 549.887
THANET COMMUNITY DEVELOPMENTTRUST LIMITED IA Company Limited by Guarantee and a Charity} Balance Sheet As at 31 Marth 2025 2025 2024 Note FIXED ASSErs Tangible Assets= Non-realisable Value of Remaining Lease of Building io 441.666 447,060 CURRENT ASSETS Debtor5 Cash at Bankand In Hand li 36.990 68,344 29,991 155.603 105.334 185.594 CREDITORS: Amounts Falling Due Within One Year 12 11.198 82.767 NET CURRENT ASSETS 94,134 102,827 TOTAL ASSETS LESS CURRENT LIABILITIES 535.800 549,887 NET ASSErs 535.800 549.887 CHARITY FUNDS Restricted Funds 14 535,800 549,887 TOTAL FUNDS 535,800 549,887 The Trustees consider that the Charity is entitled to exemption from the requirement to have an audit under the provisions of Section 477 of the Companies Act 20D61'the Act.) and members have not required the Charity to obtain an audit for the Thanet Community Development Trust Limited Year in question in accordance with Section 476 of the Act. io
THANET COMMUNIIY DEVELOPMENT TRUST LIMITED {A Company Limited by Guarantee and a Charity) Balance Sheet (continued} As at 31 March 2025 The Trustees acknowledge their responsibilities for al ensuring that the Charity keeps accounting record5 that comply with sections 386 and 387 of the Companies Act 2016 and bl preparing financial statements which give a true and fair view of the state of affairs of the Charity as at 31 March 2025 and of its net resources expended for the Thanet Community Development Trust Limited in accordance with the requirements of Sections 394 and 395 of the Act and which otherwise comply with the requiremer)t5 of the Companies Act 2006 relating to financial statements, so far 35 applicable to the Charity. These financial statements have been prepared in accordance with the special provisions of Part IS of the Companies Art 2006 relatinE to charitable small companies and in accordance with the Financial Reporting Standard The financial statem behalf by: by the Board of Trustees on ..................... and signed on their K Single The notes of pages 12 to 18 form part of these financial statements. li
THANET COMMUNITY DEVELOPMENT TRUST LIMITED IA Company Limited by Guarantee and 3 Charity) Notes to the Financial Statements For the Thanet Community Development Trust Limited Year Ended 31 March 2025 ACCOUNTING POUCIES Basis of preparation of financial statements The financial statements of the Charity which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) leffective l January 20151., Financial Reporting Standard FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical costs convention. Company status The Charity is a company limited by guarantee. The members of the company are the Trustees named on page 4. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the Charity. Fund accounttng General funds are restricted. Investment income, gains and losses are allocated to the appropriate fund. Incoming Resource5 All incoming resources are included in the Statement of Financial Activities when the Charity has entitlement to the funds. certainty of receipt and the amount can be measured with sufficient reliability. Donated services or facilities. which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party. Income tax recoverable in relation to donations received under Gift Aid75rfjcEdffjf covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is recogni5ed at the time the investment income is receivable. 12
THANET COMMUNITY DEVELOPMENT TRUST LIMITED IA Company Limited by Guarantee and a Charity) Notes to the Financial Statements For the Thanet Community Development Trust Limited Year Ended 31 March 2025 Turnover Turnover comprises revenue recognised by the Charity in respect of goods and services supplied during the year exclusive of Value Added Tax. Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less depreciation and impairment. The Trustees carry out an impairment review on an annual basis. Depreciation is provided at rates calculated to write off the cost of fixed assets over their experted useful lives on the following basis.. Lnerm Leasehold Property snerm Leasehold Property Plant and machinery Fixtures and fittings Oftice equipment Other fixed assets Over remaining life of the lease Over remaining life of the lease 25% Reducing Balance 15% Reducing Balance 20% Reducing Balance 25% Reducing Balance DONATION, LEGACIES AND SIMILAR INCOMING RESOURCES Restrfrted Funds 2025 Total Funds 2025 Total Funds 2024 Donations 37 37 262 ACTIVITIES FOR GENERATING FUNDS Restricted Fund5 2025 Total Funds 2025 Total Funds 2024 Income from activities 269.129 269.129 221,641 Direct Project Cost5 38,724 38,724 47,477 Net income from artivities for generating fvnds 230,402 230,402 174,164 13
THANET COMMUNITY DEVELOPMENTTRUST LIMITED IA Company Limited by Guarantee and a Charity) Notes to the Financial Statements For the Thanet Community Development Tntst Limited Year Ended 31 March 2025 INVESTMENT INCOME Restricted Funds 2025 Total Funds 2025 Total Funds 2024 Bank Interest Receivable 1,108 1,108 1,703 GOVERNANCE COSTS Restricted Funds 2025 Total Funds 2025 Total Funds 2024 Governance Auditors, non audit costs Governance expense- Bank Charges 654 654 3,134 827 328 328 982 982 3,961 DIREcr cosrs Activities 2025 Total 2025 Total 2024 Building Cost- Inc Rents Wages and salaries National insurance Pension cost Bonuses 42.419 160.134 12,543 12.811 11.353 42,419 160,134 12,543 12.811 11.353 29,596 115,681 8,947 9,350 2,813 Subtotsl 239.260 239,260 166,387 14
THANET COMMUNITY DEVELOPMENT TRUST LIMITED IA Company Limited by Guarantee and a Charity) Notes to the Financial Statements For the Thanet Community Development Trust Limited Year Ended 31 March 2025 SUPPORT COSTS Activities 2025 Total 2025 Total 2024 Depreciation Bad debt 5.395 5,395 5,741 5,395 5,395 5,741 NET OUTGOING RESOURCES This is stated after charging: 2025 2024 Depreciation of tangible fixed assets: Owned by the charity 5,395 5,741 Pen5i0n cost5 12,811 9,350 STAFF COSTS Staff costs were a5 follows: 2025 2024 Wages and salaries Social security costs Other pension costs Bonuses 160,134 12.543 12.811 11.353 115.681 8,947 9.350 2.813 1%.841 136,791 During the year, no Trustees received any remuneration with the exception of Ralph Hoult OBE whose services are retained on an ad hoc basis due to his unique specialist knowledge of early Ramsgate relating to the Trust's History Club and Heritage projects. In the year ended to March 2025 Ralph was paid the sum of £4.160 12024 £4.1601 which is contained within 'Direct Project Costs,. 15
THANET COMMUNITY DEVELOPMENT TRUST LIMITED IA Company Limited by Guarantee and a Charity) Notes to the Financial Statements For the Thanet Community Development Trust Limited Year Ended 31 March 2025 srAFF cosrs continued The average monthly number of employees during the Thanet Community Development Trust Limited Year was as follows: 2025 No 2024 No Average Monthly Employees During the year no employee received remuneration arnountinE to more than £60,000. Expenses were paid to one or more Trustees during the year totalling £1.269 12024.. £1,902) for mileage, travel, use of home and broadband costs. io. TANGIBLE FIXED A5SEts L/Term snerm Leasehold Leasehold Plant & Property Property Machlnery Fixtures Office Fittings Equipment Other Assets Grand Total Cost At l April 2024 Additions Disposals 499.752 22,255 15,901 6.418 37,527 63,285 645,138 At 31 March 2025 499,752 22,255 15.901 6.418 37,527 63,285 645,138 Depreclation At l April 2024 Charge for the Year Disposal 59,097 22.255 15.631 67 5,834 88 32.956 914 61,979 198,078 326 5.394 At 31 March 2025 63,177 22,255 15.698 5.922 33,870 62,550 203.475 Net Book Value At 31 March 2025 436.575 203 496 3.657 735 441,666 At 31 March 2024 440,655 270 4,571 980 447,060 16
THANET COMMUNITY DEVELOPMENTTRUST LIMITED (A Company Limited by Guarantee and a Charitvl Notes to the Financial Statements For theThanet Community DevelopMentTnt Limited Year Ended 31 March 2025 ii. DEBTORS Amounts falling due wlthln one year 2025 2024 Trade debtors VAT Other debtors Prepayments and accrued income 34.294 29,112 244 2,452 244 635 36,990 29,991 12. CREDITORS Amounts falling due wlthln one year 2025 2024 Overdrafts Trade creditor5 Other creditors Other taxation and social security VAT Accruals Rent deposits held Deferred income 28,975 3,341 2,120 4,602 546 2.500 1.430 4,462 490 2,251 1,430 15.M3 11,198 55,952 13. DEFERRED INCOME Brought Forward Income Income Released Deferred Carried Forward Deferred Income 15.003 15,003 15.003 15,003 Deferred income relates to grant income recewed not spent out as projects are either ongoing or not scheduled until the next fiDancial year. 17
THANET COMMUNITY DEVELOPMENT TRUST LIMITED IA Company Limited by Guarantee and a Charity) Note5 to the Financial Statements For the Thanet Community Development Trust Limlted Year Ended 31 March 2025 14. STATEMENT OF FUNDS Brought Forward Incoming Resources Resources Expended Carried Fonvard Restricted funds Reserves 549,887 270,274 284,361 535,800 549,887 270.274 284,361 535,800 15. PENSION COMMITMENTS The Thanet Community Development Trust operates a defined contrlbutions pension scheme. The assets of the scheme are held separately from those of the Thanet Community Development Trust in an independently administered fund. The pension cost charge represents contributions totalling £12.811 {2024- £9.3501. 16. EXTRAORDINARY ITEMS 2025 2024 Bank Interest Solicitors Overdraft fees Companies House- closure TCDC Disrupted staff time 403 2,080 1,500 io 18.640 22,633 During the 2024 period the Trustees closed a dormant cornpany to which the Trust was linked. Because the bank account was linked to the dormant company the Trust's bankers froze the current bank account and the above costs in 2024 were incurred in connection with addressing this matter. The matter has been successfully resolved and all the frozen funds returned to the trust. 18
THANET COMMUNITY DEVELOPMENTTRUST LIMITED IA Company Limited by Guarantee and a Charity} 17. MOVEMENT IN TOTAL FUNDS FOR THE YEAR This year'5 1055 of £14.087 was generated due to a decrease in rental income of £7.2L)O against previous years and carrying over the £7,000 in bank charges from the previous year due to the extraordinary items we had in the 2023/24 accounts. If we did not have these factors, then we would have had an operating profit of £113. please note that our grant income of £269.129 for the year was the second-highe5t it has been in the previous 5 years. We were only £500 short of it being the highest grant income year. 19