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 A￿1VITIEs 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 compan￿5 exemption5 This report was approved by and gned on their behalf by Signature: Name: >irv r•r4G Position: