Reglstered number.. 03946296 Charity number: 1102847 Sheppey Matters (A company limited by guarantee) Unaudited Trustees, report and financial statements for the year ended 31 March 2025 Sheppey Matters (A company Ilmlted by guarantee) Contents Page Reference and administratlve detalls of Ihe Charlty, its Trustees and Advisers Trust885' report Independent examiner's report statem8nt of fSnancial activitles 2.. 25 26 27 Balance sheet 28 statement of cash flows 29 Notes to the flnanclal statements 30-44 Sheppey Matlers (A Gompany limited by guarantee) Reference and admlnlstratlve detalls of the Charlty, It$ Trustees and Advisers for the year ended 31 March 2025 Trustees Michael John Brown, Chair (until 1211112024) Christine White. Chair (starting 1210412025) Kenneth Pugh Paul Murray MBE Joe Rook MBE, Chair (stsrting 1211112024, until 1010412025) (resigned 10 April 20251 Gar8th Dyson Evan Francis {appointed 10 Augusl 2025) Seshnie Naidoo {appointed 10 August 20251 Teresa Boag (appointed 1 October 2U25) Company registered number 03946296 Charity registered number 1102847 Reglslered offl¢e Sheppey Leisure Cenlre Broadway Sheerness Kent ME12 1HH Company secretary Nigel Martin Swale Borough Council Representative Elliott Jayes Accountants Kreslon R@eves LLP Chartered AccDunlant5 Marttime Place Quayside Chatham Maritima. Chatham Kent ME4 4QZ Page 1 Trustees, report for the year ended 31 March 2025 The Trustees present their annual report together with the audited financial statements of the Charity fortheyear 1 April 2024to 31 March 2025. The Annual report serves the purposes of both a Trustees, report and Directors, report undercompany Law. TheTrustees confirmthatthe Annual report and financial statements of the Charity comply with the current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice ISORP) 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}. Since the Charity quaLifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies underthe Comp£nies Act2006{Strategic Report and Directors, Report) Regulations 2013 has been omitted. Objectives and activitie8 a. Policles and objectives The objects of the Charity are: To promote and protect the good heaLth of people living on the IsLe of Sheppey, in particular by the provision of a healthy living centre. To advance education in the benefits of good heaLth and sociaLwell-being. To provide or assist in the provision of facilities in the interest of sociaLwelfare for recreation or other leisure time occupation of individuaLs who have need of such facilities because of theiryouth, age, disability, financial hardship, orsocial circumstanc8s. Sheppey Matters is an independent charity, and the Trustees meet 8t least four times a year to make major Policy decisions and review progress. Othertimes limited worliing groups are set up when a particuLartopic needs more detailed consideration bythe Trustees. The Chief Executive Off icer takes overall day-to-day responsibility for steering the charity in accordance with the strategic direction set bythe Trustees. He meets the chair of Shepp8y Matters on a regular basis and has a frequent email and teLephone contact between maetings. Administrative staff b8sed at Sheppey Healthy Living Centre IHLC) t8l. Il's a lantasbcpbrr*le betler by a WOrKI￿ team trot make the dre￿mV￿rk. I have beefj a￿￿9Dj ￿off 30 yeats arf am into compjters and en Ineer￿d. l also YK)¥. breakfast shows tr.e aub howon satur nKJhts. l am a rTwrEd lamilyman chldren. S(￿ Fxtye Yrt's ITIY icle fryw20 larfuitetse. I lo¥e I ffee(th o the S￿￿1 **wal8r blestyje.Tr￿*￿Qfwr4Y￿0¥hThl?at thgb&• has a unKiuecorMyJnity t(yJe*tErnes8th3t 've rtol experErKe(I anywhere else. It's fantast￿ how so many people rail together a5 well ash31d community eYentS8ndcelebratK of SheppeyFM ano Shep ey Mattws meanswe ¥wpJt to spritfYsth•NI WhenllleftxhcAY w18. Itwedvitha I￿atr¢ ent￿t0 10sYnte my(vMctyreyYy4x>w•*r￿0rrn as asl> Grub Hub Schools Partnership Report Thanks to the continued support of Minster Parish Council, Sheppey Matters has been able to sustain and expand its vital Grub Hub initiative, delivering free, hot, nutritious meals to families most affected by food poverty across the Isle of Sheppey. InitiaLly operating from the Sheppey Healthy Living Centre alongside the foodbank, the programme transitioned in January 2025to a more decentralised and community-embedded approach, working directlywith: Minster Primary School Thistle Hill Community Centre Rose Street School Richmond Primary Seashells Children's Centre Queenborough Primary School Each partner site receives 30 freshly prepared meals weekly, empowering them to distribute meals directly to famiLies they identify as most in need. Trustees, report for the year ended 31 March 2025 These schooLs are uniquely placed to understand the clrcumstances of theirfamilies much betterthan Sheppey Matters. From fluctuating income and benefit delays to housing instability and mental health challenges, schools witness the full picture. By entrustingthem with the allocation of these meaLs, the support reaches families who may not traditionally engage with external services, butwho are nevertheless in urgant need. This method has improved targeting, reduced stigma, and strengthened trust in the community. unit En 6 schoolslcentres actively involved in weel of the 2011 Act. Independenl examiner's statement Slnce the Charllvs gross income axce8ded £250,000 your examiner musl be a member of a body lislgd In section 145 of the 2011 Act. I confirm that l am quallfied to undertake the examinatlon because l am a member of tha Association of Certified Chartered Accountants, which is one of th8 listed bodies. I have completed my examination. I confirm that no matters have come to my attenlion in connection with the examination giving me cause lo believe.. accounting records were not kept in respBCt of the Charity as required by section 386 of the 2006 Act.. or the accounts do not accord with those r8cords', or the account5 do not comply with the accounting r8quirements of section 396 of the 2006 Acl other than any requirement that the accounts give a 'true and fair, view whlch is not a matter considered as part of an ind8pendent examinalion- or the accounts have not been prepared in accordance wlth the methods and princip18s of th8 Statement of Recommended Practice fDr accounting and reporting by charities lapplicable to charities preparing their accounts in accordance with tho Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}1. 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 propar understanding of the accounts to be reached. This report is made solely to the Charitls Trustees, as a body. in accordance with Part 4 of the Charilies (Accounts and Reports) RegulatlDnS 2DQ8. My work has boon undertaken so that I might state to the Charitls Trustees those mallers l am requSred to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permilled by law, I do not accept or assume rasponsibility to anyone other than the Charity and the Gharitys Trustees as a body, for my work or for this report. Signed: Samantha Rouse A7n2.- Dalad: 10 November 2025 FCCA DChA Kreston Reeves LLP Chartered Accountants Maritime Place Quayside Chatham Maritime Chatham Kent ME4 4QZ Page 26 Sheppey Matters (A company limited by guaranto8) Statement of financial activities (Incorporating income and expendlture ac¢ountl for the year ended 31 March 2025 Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Total funds 2024 Note Income from: Donations and legacies Charitable activities Inv&slm8nts Other income 3,247 44,991 5,652 535,087 93,431 538,334 138,422 5,652 416,824 158,750 3,691 69 Tolal income 53,890 628,518 682,408 579,334 Expendlture on: Charitable activities 72,923 609.635 682,558 632,151 Total expenditure 72,923 609.635 682,558 632,151 Net movement In funds 119,033) 18,883 (150) 152,8171 Reconciliation of funds: Total funds brought forward Net movement in funds 86,091 {19,033} 304,522 18,883 390,613 {150) 443,430 (52,8171 Total funds Carrled forward 67,058 323,405 390,463 390,613 The Statement of financial activities includes all gains and losses recognised in the year. Tha notes on pages 30 to 42 forrn part of these financial slatements. Page 27 Sheppey Matters (A Gompany limited by guarantee) Registered number: 03946296 Balance sheet as at 31 March 2025 2025 2024 Note Fixed assets Tangible assets Current assets 31,981 48,401 Debtors Cash at bank and in hand 12 14.147 369,744 32.818 341,247 383,891 374,065 Current liabilities Creditors.. amounts falling due within one year 13 {25,409) 131,853) Net current assets 358,482 342,212 Total net assets 390.463 390,613 Charity funds Restricted funds Unrestricted funds 14 323.405 67,058 304,522 86.091 14 Total funds 390,463 390,613 The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial slatements have been prepared in accordan￿ with the provisions applicable to enlilies subject to the small companies regime. e fi ancial statements were approved and authorised for issue by the Trustees and signed on their behalf by. Michael John Brown Trustee Date.. /o/i i /z&)¥r The notes on pages 30 to 42 form part of these financial statements. Page 28 Sheppey Matters IA Company limited by guarantee} statement of cash flows for the y8ar ended 31 March 2025 2025 2024 Cash flows from operating actlvltles Net cash used in operaling activiti&s Inolo 161 22,845 {49,560) Cash flows from investing actlvltle$ Dividends, intèrests and rents from investmenls Purchase of tangible fixed assets 5,652 3,433 {4,674} Net cash provlded byllused In) Investing a¢tlvltles 5,652 (1,241) Cash flows from flnancing activities Net cash provided by financlng a¢tlvlties Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 28,497 {50,8011 392.048 341,247 Cash and cash equlvalents at Ihe end of the year (note 17) 369,744 341,247 The notes on pages 3010 42 form part of these financial statements Page 29 Sheppey Matters (A company limited by guarantee) Notes to th8 financial statements for the year ended 31 March 2025 General Inforniation Sheppey Matters is a charitable company limiled by guarantee incorporated in Engl8nd and Wales. The registered office is Sheppey Leisure Centre. Broadway, Sheerness, Kent, ME12 1HH. Th8 principal activities of the Charity are as set out in the Trustees, Report, Ac¢ountlng policies 2.1 Basls of preparatlon of financial statements The financial statements have been prepared in accordance with the Charities SORP {FFiS 1021 Accounting and Reporting by Charities: Statement of Recommended Practice applicable lo charities preparing thair accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 2019), the Financial Reportlng Standard applicable in Ihe UK and Rapublic of Ireland IFRS 102} and the Companies Act 2006. Sh8ppey Malt8rs meets the definition of a public benefit entily under FRS 102. Assets and1Sabilities are initially recognised at historical cost or transaction value unless otherwlse statad in the relevant accounting policy. The accounts are presented in round sterling. 2.2 Company status The Charity is a company limited by guarantee. The members of the Ch8rity are the Trustees named on page 1. In the event of the Charity being wound up, Ihe liability in respect of the guarantee is limited lo £1 per member of the Charity. 2.3 Golng concern The Trustees assess wh8ther the us8 of going concem is approprfate i.e. wh8th8r th8re are any materÉal uncertainti&s re18ted to events or conditions that may cast significant doubt on the ability of the Charily to continue as a going concern. The Trustegs make this assessment in respect of a period of at least one year from the date of aulhorisation for issue of the financial stalements and have concluded Ihat the Charity has adequate resources to continue in operational exislence for the foreseeable future and there are no material unGertainties about the Charity's ability lo continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial stalemenls. 2.4 Income All income is recognised once the Charity has entitlement lo the income, it is probable that the income will be received and th8 amount of income receivable can be measured reliably. Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purpos8s but not expended during the period is shown In the relevant funds on the Balan￿ sheet. Where income is received in advance of entitlement of receipl, its recognition is deferred and included in creditors as deferred income. Whare entitlement occurs before income is received, the income 15 accrued, Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at th& time of Ih@ donation. Income tax recoverable In relation lo investment income is recognlsed at the tlme the investm&nt income is receivable. Paga 30 Sheppey Malters (A company Ilmlted by guarantee) Notss to the financlal statements for the year 8nded 31 March 2025 A¢countlng pollcles (contlnuedl 2.5 Expenditure Expanditure is recognised once there is a legal or conslructive obligation to transfer economic benefll to a Ihird party, it is probable thal 2 transfer of economic benafits will be required in seltlemont and Ihe amount of the obligation can be measured reliably. Expenditure Dn charitable activit16s is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2,6 Interest receivable Interest on funds held on deposit is includgd wh6n r6c@ivabl& and tha amount can be mE+asured reliably by the Charity,, this is normally upon notification of the interest paid or payable by tha institution with whom the funds are deposited. 2.7 Taxation The Charity is considered to pass the tests sat out in Paragraph 1 Schedule 6 of Ihe Finance Act 2010 and therefore it meets the definilion of a charilabl8 company for UK corporation tax purpose8. Accordingly, the Charity is potentlally exempt from taxation in respect of Income or capital gains received within catggories covered by Chapter 3 Part 11 of the Corporation Tax Act 2Q10 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such incomo or gains are applied exclusively to charltable purposes. 2.8 Tangible fixed assets and depreciation Tangible fixed assets costing £2.000 or more are capilalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumul2ted impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be Included in the measurement of cost. At each reporting date the Charfty assesses whether there is any indication of Impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the Garrying amount exceeds the recoverable amount. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimaled useful lives on the following bases: Motor vehicles Fixtures and fittings 5 years straight line 5 years straight line 2.9 Debtors Trade and other debtors are recognised at the settlement amount. Prepaymenls are valued at the amount prepaid. Page 31 Sheppey Matters (A company limited by guarantee) Note8 to th& financial stat8ments for the year ended 31 March 2025 Accounting pollcles {contlnued) 2.10 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short malurity of three months or less from the dale of acquisltion or opening of Ihe deposit or similar account. 2.11 Llabilities and provisions Liabilities are recognised when thera is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefil will be requlred In sattlemant, and the amount of tho settlement can b8 estimated reliably, Llabilities are recognis9d at the amount th8t the Charlly anticipates it wlll pay to settle the debt or th& amount it has rgcaived as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of th8 time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate thal reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 2.12 Financial instruments The Charlty only has financial assets and flnancial liabilities of a kind that qualify as basic financial instrumenls. Basic financial instruments are initially r9cognised al transaction value and subsequently measured at Ihelr settlemenl value. 2.13 Penslons The Ch8rity operates a defined contribution pension scheme and the pension charge represents the amounts payable by Ihe Charity to the fund in respect of the year. 2.14 Fund a¢counting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of tha general objectives of the Charity and which have not been designated for other pU￿OSe$. Designated funds comprise unrestricted funds thal have been set aside by the Trustees for particular purposes. The aim and use of each designated fvnd is set out in the notas to the financial statements. Restricted funds are funds which are ID be used in accordance with specific restrictions imposed by donors or whiGh have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against tha specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Page 32 Sheppey Matters (A Company Ilmlted by guarantee) Notes to the financial statements ft)r the y8ar ended 31 March 2025 Crltlcal accountlng estimates and areas of judgement Estlmates and judgements are continually evaluated and are based on historical experiencG and other factors, including expectalions of future events thal are believed to be reasonable under the circumstances. Critical accounting estimates and assumptions- The Charity makes estimates and assumptions Concerning the future. Tho rosulling accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a signlficant risk of causing a material adjustment to Ihe carrying amounts of ass8ts and liabilities within the next financial year are discussed below. Tangible fixed assets Th8 Charity has r8cognised tangible fixed assets with a carrying valu8 of £32,380 at the reporting dale {see note 11), These assets are stated at their cost less provision for depreciation and impairment. The Charity's accounting policy sets out the approach to calculating depreciation for immaterial assels acquired. For material assets the Charity determines at acquisition reliable estimates for the useful life of the asset, its residual value and decommissioning costs. These estimates are based upon such factors as the expected use of the acquired asset and market condilions. At subsequent reporting dates the Trustèas consider whether there are any factors such as technological advancements or Changes in market conditions that indicate a need lo reconsider the estimates us8d. Wher& there are Indlcators that the carrylng value of tangible assets may be impaired the Charity und@rtak6s tests to determine Ihe recoverable amount of assets. Th688 t6sts require ostimales of the fair value of assets les5 C05t to sell and of their value in use. Wherever possible the estlmate of the fair value of assets is based upon Dbservable market prices less incremental cost for disposing of the asset. The value in use calculation is based upon a discounted cash flow Model, based upon the Charity's forecasts for the foreseeable future which do not include any restrucluring activities that the Charity is not yet commilled lo or significant future investments that will enhance the asset's performance, The recoverable amount is most sensitive to the discount rale used for the dlscounted cash flow model as well expecled fulure cash flows and the growth rate used for &xtrapolation purposes. Critical areas of judgement,. Lease commitments The Charity has entered Into a range of lease commitments in respect of plant and equipmenl. Tha classification of these leases as aithar financial or operating leases requires the Trustees to consider whether Ihe terms and conditions of each lease are such that the Charity has acquired the nsks and rewards associaled with the ownership of the undedying assets. Page 33 Sheppey Matters (A company Ilmlted by guarantee) Notes to the financial statements for the year onded 31 March 2025 Income from donatlons and legacles Unrestricted Restrl¢ted funds funds 2025 2025 Total funds 2025 Totsl funds 2024 Donations Grants 2,946 301 10,070 525,017 13,016 525,318 16.700 400,124 3,247 535,087 538,334 416,824 Total 2024 4,922 411,902 416,824 Income from charltable activities Unrestrlcted Restrlcted funds funds 2025 2025 Total fund5 2025 Tolal funds 2024 Charltable activities, se8 not8 22 44,991 92.431 138,422 158,750 Total 2024 47,831 110,919 158,750 Investment income Unrestricted funds 2025 Total funds 2025 Total funds 2024 Bank interest receivable Investment income 5,652 5,652 3,433 258 5,652 5,652 3,691 Total 2024 3,691 3,691 Page 34 Sheppey Matters (A company limited by guarantee> Not8S to th8 financial statements for the year ended 31 March 2025 other In¢omlng resources Unrestrlcted funds 2025 Total funds 2025 Total funds 2024 other income 69 Total 2024 69 89 Analysis of expendlture by actlvltles Direct costs 2025 Support costs 2025 Total funds 2025 Total funds 2024 Charitsble activlties (see Note 22) 678,590 3,968 682,558 632,151 Total 2024 627,481 4,670 632,151 Staff costs 2025 2024 Wages and salaries Social security costs Pension costs 428,622 21,062 8,653 382,477 18,543 8,247 458,337 409,267 The average number of persons employed by the Charlty during Ihe year was as follows: 2025 2024 No. Employees 31 28 Page 35 Sheppey Matt6rs (A company limited by guarantee) Notes to the financial siatements for the year ended 31 March 2025 staff costs (¢ontinued} The average headcount expressed as full-timg equivalents was.. 2025 2024 FTE equivalent employees 16 16 No employea r8celved ramuneration amounting to more than £6C),000 in ellher year. Durlng the year the Charity's kay manag8m8nl personnel recelved remuneratlon and ben6fits, including ernployerfs national insurance contributions, amounting to £84,474 (2024: £86.3951- 10. Trustees, remuneratlon and expenses During the year, no Trustees received any remuneration or other ben8fits12024- £NIL). During the year ended 31 March 2025, no Trustee expenses have been incurred (2024- £NIL). 11. Tanglble flxed assets Motor Flxtures and vehlcles f ittings Total Cost or valuation At 1 April 2024 135,225 61,371 196,596 At 31 March 2025 135,225 61,371 196,596 Depreclatlon At 1 April 2024 Charge for the year 94,332 13,631 53,863 2,789 148,195 16,420 At 31 March 2025 107,963 56,652 164,615 Net book value At 31 March 2025 27,262 4,719 31,981 Al 31 March 2024 40,893 7,508 48,401 Page 36 Sheppey Matters (A company Ilmlted by guarantee) Notes to the flnancial statements for the year end8d 31 March 2025 12. Debtors 2025 2024 Due within one year Trade debtors Prepayments and accrued income 10,742 3,405 28,741 4,077 14,147 32,818 13. Credltors: Amounts falllng due wlthln one year 2025 2024 Trade creditors Other tsxation and social security Other creditors Accruals and deferred income 14,147 5,399 1,392 4,471 11,911 6,003 1,646 12,293 25,409 31,853 Page 37 Sheppey Matters (A company Ilmltod by guarantee) Notes to the flnancial statemenls for the year ended 31 March 2025 14. Statement of funds statement of funds - current year Balanco at 31 March 2025 Balance at 1 April 2024 Income Expendltur8 Unrestrlcted funds Deslgnated funds Redundancy Reserve Fixed Asset Funds 45,234 15,950 45,234 2,319 {13,631) 61,184 (13,631) 47,553 General funds Ganeral Funds (see note 22} 24,907 53,890 (59,292} 19,505 Tolal Unrestrict8d funds 86,091 53,890 {72,923) 67,058 Restrict8d funds Restricted Funds Ise@ note 22) 304,522 628,518 1609,6351 323,405 Total of funds 390,613 682,408 1682.558) 390,463 The nalure and purpose of restricted funds have been included in the Trustees, Report, alongside the nature and purpose of designated funds. Page 38 Sheppey Matlers (A company limited by guarantee} Notes to the financial statements for the year ended 31 March 2025 14. Statement of funds (continued) statement of funds - prior year Balance at 31 March 2Q24 Balance at 1 April 2023 Transfers inlout Income Expenditure Unrestricted funds Deslgnated funds Redundancy Reserve Fixed Asset Funds 11.450 58,865 4,500 15,950 45,234 (13,631) 70,315 (13,631) 4,500 61,184 General funds General Funds (see nole 22) 9,159 56,513 137,031} 13,734} 24,907 Total Unrestricted funds 79,474 56,513 150,662) 766 86,091 Restrlcfed funds Restrlcted Funds (see nole 22) 363,956 522,821 (581,489) 1766) 304,522 Total of funds 443,430 579,334 (632,151) 390,613 Page 39 Sheppey Matters (A company Ilmlted by guarantee) Notes to the flnancial statements for the year endod 31 March 2025 15. Analysls of not assets between funds Analysis of net assets between funds . current year Unrestrlcted Reslricted funds funds 2025 2025 Total funds 2025 Tangible fixed assets Current assets Creditors due within one year 31,981 60.188 {25,1111 31,981 383,891 {25,409) 323,703 1298) Total 67,058 323.405 390,463 Analysls of net assets betwe8n funds - prior year Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year 48,171 61,487 123,567) 230 312,578 {8,286} 48,401 374.065 131,853) Total 86,Q91 304,522 390,613 Reconciliation of nèt movement In funds to net cash flow from op6rating activities 2025 2024 Nel expenditure for the ygar (as per Statement of Financial Activities} (150) {52,817} Adjustment5 for,, Depreciation charges Dividends, interests and rents from investments Increase in debtors Incr&asel{d@crease) in creditors 16,420 (5,6521 18,671 (6,444) 15,598 (3,433) (7,878) 11,030) Net cash provided byl{used In) oparatlng activities 22,845 {49,5601 Page 40 Sheppey Matters (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2025 17, Analysls of cash and cash equlvalents 2025 2024 Cash In hand 389.744 341,247 Total cash and cash equlvalents 369,744 341,247 18. Analysls of changes in net debt At 1 April 2024 Cash flows At 31 March 2025 Cash at bank and in hand 341,247 28,497 369,744 341,247 28,497 369,744 19. Pension commitments The Charity operates a defined contribution pension scheme. Th8 assets of the scheme are held sep8rately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £8,65312024', £8,247>. There were no amounts payable to the fund at the Balance sheet dale (2024: £NII). 20. Operating lease commitments At 31 March 2025 the Charity had commitments to make future minimum lease payments under non- cancellable operating lèases as follows.. 2025 2024 Not later than 1 yaar Later than 1 year and not later than 5 years 3,992 3,992 3,992 7,984 7,984 11,976 Pag8 41 Sheppey Matters (A company Ilmlted by guarantee) Notes to the financial statem8nts for the year ended 31 March 2025 21. Related party transactlons One of the Trustees, P Murray is a150 a trustee of Swale CVS, with C White K Pugh and being an employee of Swale CVS. During the financial year, Sheppey Matters incurred expenditure with Swale CVS of £38,088 (2024: £39,660} and received income of £Nil (2024., £2001. All of these transa¢lions were conducted at arm's length. At the balance sheet date Sheppey Matters owes £5,625 to Swal& CVS12024: was owed £1,465). C While is also a director of Children and Families. During the financial year Sheppoy Matters has incurred axp8nditure of £Nil (2024: £36) and received income of £Nil12024'. £701 with this organisation, All of these transactions were conducted at arm's length. Thare were no amounts outstandlng at the Balance sheet date. (2024.. £Nil). P Murray is also a director of Swalg Gommunity Leisure. During the financlal year Sheppey Matters has Incurred expenditure of £10,031 (2024: £10,017) and received income of £Nil (2024.. £3.435) with this organisation. All of these transactions were conducted at arm's length. Al the balance sheel date Sheppey Matters is owed £Nil {2024.' £445). P Murray and N Martin are also trustees of Age UK Sheppey. During the financial year Sheppey Matters has incurred expenditure of £13,340 (2024. £1,202} and received income of £Nil 12024.. £30) with Ihis organisation. All of these transactions were conducted at arm's length. There were no amounts outstanding at the Balance sheet date. (2024: £Nil). P Murray is also a Iruslae of Eastern Sheppey Communily Hub. Durlng Ihe financial year Shopp8y Matters has incurred expenditure of £200 {2024: £125) with this organi8ation. All of these transactions were conducted al arm's length, At the balance sheet date Sheppey Matters is owed £Nil12024.' £1251. P Murray is also a trustee of Sheerness Youth Club. During the financial year Sheppey Matters has incurred expenditure of £45012024.. £NIII wilh this organisation. All of these transactions were conducted al arm's length. Al the balance sheet date Sheppey Matters is owed £NIl12024.' £Nil), There were no other related party transactions in the current or prior year. P8ge 42 TLDaR L•￿￿Y Try1￿11￿ Fu bu ¢hu￿￿ P￿d￿h1￿ % Sheppey Mattors Notes to the flnancial statements For th8 yaar ended 31 March 2025 23. Unrostricted funds . Centre funds Total 2025 Total 2024 Funds brought forward Ineomo and endowmgnts from Grants Donatlons Rciom Hire Travel and Membevhip Services I Work Undertaken Investment Incom8 Other Income 301 2,946 44,241 750 4,923 46,155 (1,122) 1,581 3,691 q,285 5,652 Total Income 53,890 56,513 Expenditure on Bad Debls Bank Charg88 and Interest Computer Expenses Depreciation Goods Given as Granls Hall l Rocim Hire Insurance Legal and Professional Feés Management Fees Motor and Travel Postage, Printing, Photocopying and Stationery Repairs, Maintenance and Equipment Staff Costs Sundry Expenses Telephone and IntÉmet Trair)ing Utilities Work Undèrtaken 7,020 {2081 6,216 15,368 {50} {6,241} 558 235 119 16,190 (3911 (22,815) 660 11901 3,613 43,689 {2,8211 522 219 162 5,577 52,126 11,501) 248 1521 452 Subtolal 72,713 45,992 Support costs Auditors, remuneration Auditors, remuneration - non-audlt 210 4,670 Subtotal 210 4,670 Net movement in funds 119,033) 5,851 Transfers between funds 766 FLtnds carrled forward 67,058 86,091 Page 44