CENTRE FOR THEOLOGY AND COMMUNITY LIMITED
REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2023
The Directors have pleasure in submitting the Report and Accounts for the year.
Objects of the charity
The object of the Centre for Theology and Community Limited is ‘to advance public knowledge and mutual understanding of the teachings, traditions and practices of different faith communities including promoting good relations between persons of different faiths in particular but not exclusively by providing education and training, developing a network in order to share good practice and experience, by facilitating supervised placements for students and by engaging in research.’
Our main area of operation is East London, and much of our work is with Christian congregations – equipping them to work with their neighbours for community transformation, through the practices of community organising, theological reflection and prayer, and helping them to use their resources more effectively to fulfil this mission. A key partner in this work is Citizens UK, and its local affiliate, London Citizens.
Government
The organisation is a charitable company limited by guarantee, incorporated on 15th June 2006 and registered as a charity on 21st November 2007. The company was established under a Memorandum of Association, which established its objects and powers, and is governed by its Articles of Association. In the event of the company being wound up, its members are required to contribute an amount not exceeding £1. Recruitment and appointment of members of the Trustee Board:
The directors of the company are also charity Trustees for the purposes of charity law. At the end of the first year, all Trustees are required to retire, and one third will do so at subsequent Annual General Meetings. The Trustees have all received training on their responsibilities, and the Chair of Trustees is responsible for the induction of new Trustees, when the occasion arises. This involves ensuring awareness of a Trustee's responsibilities, the governing document and the work of the charity. Organisational Structure:
The Trustees are responsible for setting policy and strategy. Day-to day management and running of the charity is delegated to Canon Dr Angus Ritchie, the Executive Director. The overall pay policy for staff is set by the Trustees, with benchmarking of pay to comparable roles in community organising and church leadership. The charity has no subsidiaries, but is a member of the Citizens UK community organising
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alliance. CTC has no direct volunteers, but supports churches and other organisations in recruiting and training volunteers for their community engagement. Membership:
The membership of the charity currently comprises John Deacon (Chair), Vanessa Conant, Cecilia Dewu and Josephine Canny.
Achievements and Performance
The Centre's work has continued to flourish and grow. Once again, the Trustees want to pay tribute to the dedication and creativity of the staff team and of the people and congregations with whom CTC works. The Centre’s growing impact is also a sign of the power of its methodology – developing local congregations and their leaders through community organising, rooted in theological reflectiom and prayer.
1. Organised Churches
CTC has three main strands of work focused on developing organising in Anglican, Roman Catholic and Pentecostal congregations.
Our work in the Church of England centres on a programme on Harnessing the Potential of Community Organising for Congregational Growth. The programme has funding from the Church of England!s Strategic Development Fund. It has exceeded its targets for numerical growth in local churches, as well as catalysing increased social action by church members and their neighbours. We are now in conversation with the Church of England about funding for roll-out work in other areas, and how best to disseminate the learning.
The Centre!s partnership with the Parish of St George-in-the-East continues to support the church on a parallel journey, and with St George’s, CTC is at the heart of the renewal of the Guild Church of St Katharine Cree in the City of London as a church focused on low-waged workers.
The William Seymour Programme has funding to accompany Pentecostal churches on a similar journey, and its work is also showing measurable growth in number, depth and social impact.
CTC has begun a three-year strategic partnership with the Oblates of Mary Immaculate Anglo-Irish Province, engaging in congregational development work in Roman Catholic congregations and reflecting on how such work exemplifies the “Synodal Journey” upon which Pope Francis has called the wider Church to embark.
2. Organised Leaders
The Wagstaff Course is a year-long evening class in faith and organising, and is now integrated into work with local parishes and congregations. It has continued to grow and develop, and we are now exploring how a “lighter” version of the course might be made accessible to a wider range of leaders. We are also developing training videos to disseminate the work over a much wider geographical area.
We continue to offer internships to graduates from outside east London, through our thriving Buxton Leadership Programme, and are continuing to explore how best to develop an Apprenticeship programme for non-graduates
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Our pioneering Chaplaincy at London Design and Engineering University Technical College (DLE UTC) continues to be a much-valued hub for developing young leaders, and we are exploring how it can become a resourcing hub for wider work.
3. Organised Neighbourhoods
We continue to deliver the Near Neighbours Programme in eastern London for HM Government and the Church Urban Fund, and have a particular focus on the way community organising can help to create and deepen relationships across faiths and cultures. In east London, the programme is blending the approach of broad-based community organising with that of asset-based community development in ways that are mutually beneficial.
Last winter, our neighbourhood organising work also involved supporting churches and other groups in developing “Warm Welcome” hubs – and exploring how they could lead on to deeper, long-term relationship-building and action for justice.
All of our action is rooted in theological reflection and prayer. We continue to produce blogs, reports and books to equip congregations and their leaders – and our 2021 conference with Pope Francis has been a catalyst for conversations about future research partnerships, and ways to share resources and insights more widely.
.
Future Plans
The Trustees look forward to the future with confidence, with each of CTC’s areas of work in 2022-3 providing a basis for deeper work in east London in the years ahead – and a greater sharing of learning with partners in other places.
In planning all these activities, the Trustees have had regard to the guidance on public benefit issued by the Charity Commission in December 2008.
Financial Review
The Charity's accounting period ended on 31 March 2023. Unrestricted free reserves at 31 March were £68k (up from £15k in 2022). The unrestricted surplus of £53k means that we have more than achieved the target of 3 months of free reserves (see reserves note below).
Principal Funding Sources
The main funders for the year and income relating to the year for each funder are outlined in the accounts.
Conflicts of Interest
The Trustees regularly review potential conflicts of interest, and will be mindful of this in the recruitment and training of any new Trustees in the year ahead.
Investment Policy
The funds received during the period under review were not sufficient to justify separate investment.
Reserves Policy
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The Trustees recognize the need for a reasonable level of reserves to protect the charity from fluctuations in funding and sudden emergency requirements. As indicated last year, our aim has been to build up free unrestricted reserves to three months"#unrestricted costs. This would indicate a target of £11k based on 2022/23 unrestricted expenditure. Free, unrestricted reserve levels at the end of 2022/23 were at £64k which is well above the target level.
The total funds of the Centre were £154k at 31[st] March 2023, comprising £78k of unrestricted and £76k of restricted funds.
Trustees therefore consider it to be appropriate to prepare the financial statements on a going concern basis as the charity is able to meet its day to day working capital requirements and this is not expected to change in the next year.
Risk Statement
The Centre conducts an annual review of operational risks. Key risks identified, and action taken to mitigate them, are as follows
-
Human resources (HR) - As the organisation grows, we have instigated new line management and staff support processes, and have outsourced our HR to Peninsula, whose package of support legal indemnity insurance.
-
Safeguarding – We continue to review our safeguarding policy and its effective implementation regularly, which is particularly important with our increased work with young people and our wide range of partnership working.
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Finance – Our financial resilience has been substantially strengthened by inhouse training of more staff in fundraising, and in monitoring and evaluation, and this has led to a substantial increase in both our income and our unrestricted reserve levels. With the appointment of Cecilia Dewu as Treasurer, there is now a Trustee with particular responsibility for financial oversight.
-
Operations review – We are undertaking a wider review of operations, developing a Senior Management Team under the Director so that responsibilities are shared more widely.
Directors' Responsibilities
Charity law requires us as Directors to prepare financial statements for each accounting year which give a true and fair view of the state of the charity and of its income and expenditure for the year.
-
Select suitable accounting policies and apply them consistently
-
Make judgements and estimates that are reasonable and prudent
-
State whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts.
-
4.Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business.
We are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the company and enable us to ensure that the financial statements comply with the Companies Act 2006. We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
Preparation of the report
This report of the Board of Trustees has been prepared taking advantage of the small companies exemption of section 415A of the Companies Act 2006.
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This report was approved by the directors on Monday 18 December 2023 and signed on their behalf by
John Deacon: Secretary
Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF Centre for Theology and Community Limited ('the Company')
Independent examiner’s report to the Trustees of The Centre for Theology and Community Ltd
I report on the financial statements of the charitable company for the year ended 31 March 2023, which comprise the statement of financial activities, balance sheet, related notes and are set out on pages 8 to 15.
Respective responsibilities of trustees and examiner
The charity’s trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 145 of the Charities Act 2011 (the 2011 Act). The charity is required by company law to prepare accrual based accounts.
Having satisfied myself that the charity is not subject to audit under part 16 of the 2006 Companies Act and is eligible for independent examination, it is my responsibility to:
-
examine the financial statements under section 145 of the 2011 Act;
-
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
This report, including my statement, has been prepared for and only for the charity’s trustees as a body. My work has been undertaken so that I might state to the charity’s trustees those matters that I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to any other than the charity and the charity’s trustees as a body for my examination work, for this report or for the statements that I have made.
Basis of independent examiner’s report
My examination was carried out in accordance with the 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 you as 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 fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in Section 145 of the 2011 Act. I confirm that I an qualified to undertake the examination because I am a member of the Chartered institutute of Certified Accountants which is one of the listed bodies.
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I have completed by examination. I confirm that no matter has come to my attention:
-
which gives me reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with section 386 of the Companies Act 2006 and section 130 of the 2011 Act ; and
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- to prepare accounts which accord with the accounting records, comply with the accounting requirements of the Companies Act 2006 and Regulation 8 of the Accounts Regulations and the 2011 Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Derek Rodwell FCCA, (Fellow of the Chartered Association of Certified Accountants) Impact the Future Ltd, Bennett Verby, 7 St Petersgate, Stickport, Cheshire, SK1 1EB
Date: 19[th] December 2023
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CENTRE FOR THEOLOGY AND COMMUNITY LIMITED
Statement of Financial Activities
FOR THE YEAR ENDED 31 MARCH 2023
Summary Income and Expenditure Account
| Note INCOME AND ENDOWMENTS FROM Donations, grants and legacies 2 Incoming resources from charitable activities Fee and consultancy income Total income and endowments 3 EXPENDITURE ON Charitable activities Organised Churches Organised leaders Organised Neighbourhoods Clean For Good Total expenditure Net Movement in Funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted Restricted Total Unrestricted Restricted Total Funds Funds Funds Funds Funds Funds 2023 2023 2023 2022 2022 2022 £ £ £ £ £ £ 39,349 377,700 417,049 12,189 373,383 385,572 105,001 0 105,001 102,740 0 102,740 |
|---|---|
| 144,350 377,700 522,050 114,929 373,383 488,312 33,826 237,164 270,990 20,305 220,490 240,795 55,820 41,352 97,171 47,017 28,999 76,016 1,619 73,119 74,738 (757) 123,342 122,585 0 0 0 45,611 0 45,611 |
|
| 91,265 351,634 442,899 112,177 372,830 485,007 |
|
| 53,085 26,066 79,151 2,752 553 3,305 25,257 49,444 74,701 22,505 48,891 71,396 |
|
| 78,342 75,510 153,852 25,257 49,444 74,701 |
Movements on reserves and all recognised gains and losses are shown above.
The notes on page 11-15 form part of these accounts.
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CENTRE FOR THEOLOGY AND COMMUNITY LIMITED
BALANCE SHEET
FOR THE YEAR ENDED 31 MARCH 2023
| Note FIXED ASSETS Investments 5 Tangible assets CURRENT ASSETS Debtors 6 Cash at bank 7 CURRENT LIABILITIES Liabilities falling due within one year 8 Net Current Assets/(Liabilities) NET ASSETS/(LIABILITIES) FUND BALANCES Unrestricted funds 10 General Funds Restricted Funds 10 |
Unrestricted Restricted 2023 2022 Funds Funds £ £ £ £ 10,000 0 10,000 10,000 237 0 237 325 |
|---|---|
| 10,237 0 10,237 10,325 38,775 44,728 83,503 42,021 32,771 43,781 76,552 77,354 |
|
| 71,546 88,509 160,055 119,375 |
|
| 3,440 13,000 16,439 54,999 |
|
| 68,107 75,509 143,616 64,377 |
|
| 78,342 75,510 153,852 74,701 |
|
| 78,342 78,342 25,257 75,510 75,510 49,444 |
|
| 78,342 75,510 153,852 74,701 |
For the period ended 31 March 2023, the company was entitled to the exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
Responsibilities of directors/trustees:
a. The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with Section 476 of the Companies Act - however, in accordance with Section 145 of the Charities Act 2011 the accounts have been examined by an independent examiner whose report forms part of this document.
- b. The directors/trustees acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Directors and signed on their behalf on the by: 18th December 2023
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---------------------------------------
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--------------------------------------John Deacon
Company number: 05848143
Charity number:
1121648
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Centre for Theology and Community Limited
Cash flow statement
| For the year to 31st March 2023 Net income for the reporting period (as per statement of financial activities) Adjustments for: Depreciation charges Write off of assets (Increase)/decrease in value of debtors Increase/(decrease) in value of creditors Net cash from operating activities Cash flows from investing activities Purchase of fixed assets Increase/(decrease) in cash in year Reconciliation of net debt Cash and cash equivalents- Current accounts Deposit accounts Borrowings Debt due within one year Total |
2023 £ 200 0 (41,482) (38,559) |
2023 2022 2022 £ £ £ 79,151 3,305 352 0 (20,837) 26,863 (79,841) 6,378 (112) (488) (802) 9,195 opening cash flow closing 01/04/2022 2022/23 31/03/2023 76,552 802 77,354 0 0 0 |
2022 £ 352 0 (20,837) 26,863 |
2022 £ 3,305 6,378 (488) |
|---|---|---|---|---|
| 9,195 | ||||
| 76,552 802 77,354 0 0 0 |
||||
| 76,552 802 77,354 |
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CENTRE FOR THEOLOGY AND COMMUNITY LIMITED
Notes to the Accounts FOR THE YEAR ENDED 31 MARCH 2023
Accounting Policies
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless states in the relevant note(s). The Centre for Theology and Community Limted (the "Charity" or "Company") meets the definition of a public benefit entity under FRS 102. The financial statements are prepared under the historical cost convention, with the exception that investments are included at fair value.
The Trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Reconciliation with previous Generally Accepted Accounting Policies
In preparing the accounts, the Trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP (FRS 102), any restatement was required to comparative or opening balances. No adjustments were considered necessary.
Donated and grant income:
Donated income and grants receivable are generally taken into account when received by the charity. Grant funding is also recognised in situations where entitlement to the funding is obtained by the charity but where funds have not been received (see note 6). In addition, elements of grants are deferred where performance related conditions are not met by the end of the accounting year (see note 9). Income received in circumstances where a claim for repayment of tax has been or will be made to HM Revenue & Customs is grossed up for the tax recoverable. Any amount of tax reclaimed from HM Revenue & Customs but not yet received is shown within the charity's debtors.
Other income and expenditure:
Investment income is taken into account when receivable.
Funds:
Unrestricted funds are donations and other income received or generated for the objects of the charity without specified purpose and are available for purposes as directed by the trustees. Restricted funds are amounts received where the donor has specified the purpose for which it should be used.
Fixed assets and depreciation:
Fixed assets acquired for use by the charity are capitalised and depreciated over their estimated useful life unless they cost less than £500 when they are written off on purchase.
Depreciation periods are as follows:
Freehold land Not depreciated Freehold buildings Over 50 years Equipment Between 3 and 7 years
Pension costs:
The company operates a defined contribution scheme for certain employees. Pension premiums are charged as they are paid.
Taxation
The company is a registered charity and is exempt from taxation under the Income & Corporation Taxes Acts.
Cashflow statement
The company has taken advantage of the exemption provided by the Financial Reporting Standard 1 and has not prepared a Cash Flow Statement for the year.
Investments
Investments are a form of basic financial instrument and are initially recognised at their transactional value and subsequently measured at their fair value as at the balance sheet date. The Statement of Financial Activities inludes net gains and losses arising on revaluations and disposals throughout the year.
Going concern
The Trustees believe the charity to be a going concern because most staff members come with funding, and are only on contract for the period of that funding. The charity has managed to secure an increasing number of these grants which are guaranteed across several years.
| Voluntary income Grants General donations Income by activity 2022-23 Grants Donations Fees and sales Total Income by activity 2021-22 Grants Donations Fees and sales Total |
Unrestricted Funds £ 34,692 4,657 |
Restricted Total Unrestricted Restricted Total Funds 2023 Funds Funds 2022 £ £ £ £ £ 375,554 410,246 5,000 371,153 376,153 2,146 6,805 7,189 2,230 9,419 |
|---|---|---|
| 39,349 | 377,700 417,051 12,189 373,383 385,572 |
|
| General 0 7,189 1,000 |
General Churches Leaders Neighbourhoods Total 0 253,874 70,807 85,565 410,246 4,657 0 2,146 0 6,804 0 44,951 53,550 6,500 105,001 |
|
| 4,657 298,825 126,504 92,065 522,051 |
||
| Churches Leaders Neighbourhoods Clean For Good Total 227,095 30,058 119,000 0 376,153 0 2,230 0 0 9,418 15,630 44,417 0 41,693 102,740 |
||
| 8,189 | 242,725 76,704 119,000 41,693 488,311 |
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EXPENDITURE BY ACTIVITY 2022-23
| Organised Churches Organised leaders Organised Neighbourhoods Allocation of staff costs including training,expenses, etc Allocation of central admin costs Totals |
Direct costs Staff costs Central admin costs Total costs 2022-23 2022-23 2022-23 2022-23 £ £ £ £ 13,749 235,216 22,025 270,990 3,736 85,436 8,000 97,171 17,262 52,555 4,921 74,738 |
|---|---|
| 34,747 373,207 34,946 442,899 373,207 (373,207) 0 34,946 (34,946) 0 |
|
| 442,899 0 0 442,899 |
EXPENDITURE BY ACTIVITY 2021-22
| Organised Churches Organised leaders Organised Neighbourhoods Clean For Good Allocation of staff costs Allocation of central admin costs Totals Analysis of costs Direct Charitable Costs Staff & Management costs Consultants Office costs Software & IT Printing, postage and stationery Projects - General Expenses Travel and subsistence Training/Development Event Costs Advertising Bad Debt Grant Payment See below Support Costs Rent, rates and utilities Office costs Software & IT Printing, postage and stationery Repairs and maintenance Overheads Event Costs Staff & Management costs Insurance Legal Costs General expenses Travel and subsistence Accountancy and payroll See note Independent Examination Training/Development Combined charitable activity cost |
Unrestricted Restricted Funds Funds £ £ 79,009 294,198 0 17,138 1 0 0 3,317 290 297 20 6,802 443 2,362 0 4,080 0 0 0 0 0 0 0 0 |
Direct costs Staff costs Central admin costs Total costs 2021-22 2021-22 2021-22 2021-22 £ £ £ £ 8,909 212,138 19,748 240,795 12,095 58,477 5,444 76,016 25,294 89,006 8,286 122,585 0 41,727 3,884 45,611 |
|---|---|---|
| 46,298 401,347 37,362 485,007 401,347 (401,347) 0 37,362 (37,362) 0 |
||
| 485,007 0 0 485,007 |
||
| Total Unrestricted Restricted Total 2023 Funds Funds 2022 £ £ £ £ 373,207 100,447 300,901 401,347 17,138 0 18,550 18,550 1 0 247 247 3,317 29 2,074 2,102 586 0 649 649 6,822 144 3,409 3,553 2,804 279 2,527 2,806 4,080 3,353 5,822 9,175 0 0 1,690 1,690 0 0 426 426 0 100 0 100 0 7,000 0 7,000 0 |
||
| 79,762 328,193 |
407,955 111,351 336,294 447,645 |
|
| Unrestricted Restricted Funds Funds £ £ 10,000 0 0 0 1,887 0 0 0 0 0 (23,442) 23,442 77 0 (2,546) 0 1,957 0 4,874 0 1,635 0 622 0 14,382 0 1,800 0 257 0 |
Total Unrestricted Restricted Total 2023 Funds Funds 2022 £ £ £ £ 10,000 12,000 0 12,000 0 37 0 37 1,887 5,108 0 5,108 0 0 0 0 0 0 0 0 0 (36,536) 36,536 0 77 405 0 405 (2,546) (3,566) 0 (3,566) 1,957 1,744 0 1,744 4,874 1,957 0 1,957 1,635 1,944 0 1,944 622 439 0 439 14,382 14,988 0 14,988 1,800 1,800 0 1,800 257 506 0 506 |
|
| 11,504 23,442 |
34,946 826 36,536 37,362 |
|
| 91,267 351,634 |
442,901 112,177 372,830 485,007 |
Note: The above figures include a charge of £1,800 for the preparation and independent examination of the annual accounts
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| Grants Community grants |
Institutions Individuals 2023 Institutions Individuals 2022 £ £ £ £ £ £ - - - 7,000 - 7,000 |
|---|---|
| - - - 7,000 - 7,000 |
| The main features of the grants made were: & Trustees Gross wages, salaries & benefits in kind Employer's National Insurance costs (net of employers allowance) Pension costs Total staff costs Oblates of the Assumption - Sister Therese Boraturamye's services, Chaplaincy support |
2023 2022 - 7,000 |
|---|---|
| - 7,000 |
|
| 2023 2022 £ £ 307,072 316,223 20,997 21,465 11,333 12,842 |
|
| 339,402 350,531 |
Staff & Trustees
The charity has 9.1 full time equivalent employed staff (2022: 10.0).
No staff received salaries at a rate of more than £60,000 per annum. Angus Ritchie is considered to be key management personnel.
Total remuneration paid to key management as defined by the SORP is £55,727 (2022:£55,471).
No remuneration was paid to any trustee during the year nor to any person connected to them.
Tangible Fixed Assets
| Cost At 1 April 2022 Additions At 31 March 2023 Accumulated Depreciation At 1 April 2022 Charge for the year At 31 March 2023 Net book value At 31 March 2023 At 1 April 2022 |
Program related Investments Computer equipment Total & furniture 2023 £ £ 10,000 3,429 13,429 - 112 112 |
|---|---|
| 10,000 3,541 13,541 |
|
| - 3,104 3,104 - 200 200 |
|
| - 3,304 3,304 |
|
| 10,000 237 10,237 10,000 325 10,325 |
The charity has a program related investment in the unlisted share capital of Clean for Good Ltd. The £10,000 investment is less than 20% of the issued share capital and does not therefore constitute a subsidiary, joint venture or associate of the Charity. The Trustees assessed the fair value of the company based on the net book value as at the balance sheet date and projected income for the next accounting period.
| Debtors and Prepayments Trade debtors Accrued income |
2023 2021 £ £ 22,125 21,184 61,378 0 |
|---|---|
| 83,503 21,184 |
Accrued income represents amounts receivable where entitlement for grant funding is obtained by the charity, normally when the offer of funding is communicated in writing by the grantor, but payment has not been received by the year end.
| Cash at Bank and in Hand Bank operating accounts Creditors: liabilities falling due within one year Trade creditors Taxation and social security Accruals Deferred Income (Note 9) Other creditors |
2023 2022 £ £ 76,552 77,354 |
|---|---|
| 76,552 77,354 |
|
| 361 11,983 0 463 16,078 12,246 0 3,000 0 445 |
|
| 16,439 28,136 |
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Deferred Income Opening Income released Income Closing balance in year deferred balance £ £ £ £ Donation and grant income deferred 3,000 (3,000) 0 3,000 (3,000) 0 0
The deferred income at the year end primarily reflects the element of grants received in the year or previous years with performance related conditions which had not been completed until after the accounting period had ended.
Restricted Funds
The restricted funds represent amounts received for specific purposes and the movements in the year are as follows:
| Closing | Closing | Incoming | Outgoing | Closing | Closing | Incoming | Outgoing | Closing | |
|---|---|---|---|---|---|---|---|---|---|
| balance | resources | resources | balance | resources | resources | balance | |||
| 2021 | 2022 | 2022 | 2022 | 2023 | 2023 | 2023 | |||
| £ | £ | £ | £ | £ | £ | £ | |||
| Bishop of Durham | 0 | 2,500 | (2,500) | 0 | 2,500 | (2,500) | 0 | ||
| Buxton 180 | 0 | 2,042 | (2,042) | 0 | 1,700 | (1,700) | 0 | ||
| Camellia Trust | 4,909 | 10,000 | (14,909) | 0 | 12,500 | (6,500) | 6,000 | ||
| Church of England- SDF | 3,192 | 78,081 | (81,273) | (0) | 78,182 | (73,995) | 4,186 | ||
| Church Urban Fund (Near Neighbours) | 15,668 | 49,000 | (64,195) | 474 | 0 | (474) | 0 | ||
| Citizens UK | 0 | 5,000 | (5,000) | 0 | 0 | 0 | 0 | ||
| Diocese of Chelmsford | 0 | 6,000 | (6,000) | 0 | 6,615 | (6,615) | 0 | ||
| Hinchley Charitable Trust | 0 | 7,500 | (7,500) | 0 | 7,500 | (7,500) | 0 | ||
| Individual donations | 0 | 188 | (188) | 0 | 446 | (446) | 0 | ||
| James Knott Trust | 0 | 8,000 | (5,635) | 2,365 | 2,500 | (4,865) | 0 | ||
| Lillian Nash | 0 | 6,000 | (6,000) | 0 | 6,000 | (3,717) | 2,283 | ||
| Lombard Parish | 24,891 | 0 | (24,891) | 0 | 0 | 0 | 0 | ||
| London Community Land Trust | 0 | 5,000 | (3,957) | 1,043 | 0 | (1,043) | 0 | ||
| London Diocesan Fund | 0 | 6,300 | (6,300) | 0 | 6,615 | (6,615) | 0 | ||
| Near Neighbours (CUF) | 0 | 0 | 0 | 0 | 27,565 | (27,565) | 0 | ||
| Oblate of Mary Immaculate- Anglo-Irish | 0 | 5,000 | (4,777) | 223 | 30,000 | (13,700) | 16,523 | ||
| Sanctuary Website | 0 | 0 | 0 | 0 | 3,000 | (3,000) | 0 | ||
| Sir Halley Stewart | 0 | 9,897 | (9,897) | 0 | 19,793 | (19,793) | 0 | ||
| St George in the East Youth organising | 0 | 5,000 | (5,000) | 0 | 0 | 0 | 0 | ||
| St George in the East Buxton Leadership | 0 | 9,375 | (7,010) | 2,365 | 0 | (2,365) | 0 | ||
| St George in the East- resource churches | 0 | 16,000 | (16,000) | 0 | 0 | 0 | 0 | ||
| St George in the East- Wagstaff Evening Sc | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| St Katherine's Cree | 0 | 92,500 | (59,157) | 33,343 | 142,784 | (130,946) | 45,181 | ||
| Trust For London | 0 | 50,000 | (40,369) | 9,631 | 30,000 | (38,295) | 1,336 | ||
| Total | 48,660 | 373,383 | (372,600) | 49,444 | 377,700 | (351,633) | 75,510 |
The Bishop of Durham grant is towards the co-ordination of the Buxton programme an
The Buxton 180 fund relates to donations in support of interns and staff working on the Buxton Leadership Programme and those who supervise them. The Camellia Trust fund is supporting the advancement of the affordable housing campaign in Shadwell.
The grants from the Church of England are towards harnessing the potential of community organising for congregational growth
The Church Urban Fund is funding CTC’s delivery of the Near Neighbours programme which seeks to promote engagement across faiths and cultures in eastern London.
The Citizens UK grant went towards neighbourhood organising
The Diocese of Chelmsford gave a grant towards the running of the multi-faith chaplaincy at London Design and Engineering University Technical College The Hinchley Charitable Trust gave towards the development of community engagement in pentecostal churches and the Buxton leadership programme
The James Knott Trust grant is for community organising training for churches engaging with food poverty The Lilian Nash Will Fund is supporting theological education
The London Community Land Trust Grant went towards the neighbourhood organising project
The grant from the Oblate of St Mary Immaculate was given towards CTC’s work with Roman Catholic churches and migrant workers
The grant from the Sir Halley Stewart Trust went toward the Pentecostal learning and Buxton leadership projects
The grants from St George in the East are towards mentoring on church growth and action for affordable housing, Buxton Leadership scheme and the youth organising programmes
The grant from St Katherine's Cree went towards the Eastminster Project
The Trust for London grant went towards the cost of a community organising and co-design project to develop two adjacent pieces of land for permanent genuinely affordable homes, new spaces for the community, and potentially temporary accommodation for homeless people.
Analysis of Net Assets between Funds
| Fixed Assets Current assets Current liabilities Net Assets |
Unrestricted Restricted Total Unrestricted Restricted Total 2023 2023 2023 2022 2022 2022 10,237 0 10,237 10,325 0 10,325 71,545 88,510 160,055 39,589 79,787 119,375 (3,440) (13,000) (16,440) (24,656) (30,343) (54,999) |
|---|---|
| 78,342 75,510 153,852 25,258 49,444 74,701 |
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Events since the year end None
Members
Each member of the company commits to contribute if the charity is wound up an amount of £1.
Related Party Transactions
The Rev Vanessa Conant is a trustee and is also the Vicar at St Mary’s Walthamstowe. St Mary's received funding from CTC in 2022/23 of £12,500 (21/22 £12,500) to help cover the staff costs for the project 'Harnessing the Power of Organising for Church Growth'
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