OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Centre For Theology And Community Limited

2024-03-31-accounts

Annual Report and Accounts

REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 MARCH 2024

Reference and Administrative Information

Charity Name: Centre for Theology and Community
Charity Registration Number: 1121648
Company Registration Number: 5848143
Registered Office and Operational Address: East Crypt
St George-in-the-East
14 Cannon Street Road
London E1 0BH
Board of Directors (Trustees): John Deacon (Chair)
Sr Mary Josephine Canny OA
The Revd Vanessa Conant
The Revd Cecilia Dewu
Averil Pooten Watan from 11thNov 24
Senior Management Team The Revd Canon Angus Ritchie
(Executive Director)
Marzena Cichon-Balcerowicz
(Director of Partnerships and
Development)
Independent Financial Examiner Derek Rodwell FCCA
Bankers The Co-operative Bank
1 Balloon Street
Manchester M4 4BE

Our aims and objectives

Purposes and Aims

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.’

Ensuring our work delivers our aims

The focus of our work has so far been on Christian congregations in east London, although there is an increasing interest in approach from those in a much wider geographical area, and from other religious and civic institutions (in particular mosques and migrant-led organisations).

Our approach has pioneered faith filled community organising - using the broad-based organising methodology of Citizens UK, but rooting it more deeply in theological reflection and the lived spirituality of local worshippers. This “roots down, walls down” approach is helping local churches and their leaders to develop deep relationships of mutual understanding, solidarity and trust with neighbours of other faiths – and discovering that to be a process that can happen at the same time as they grow in the understanding and practice of their own faith.

As a Centre engaged in research as well as action, our work streams develop in dialogue with our local congregations (from whom most of our Directors are drawn), and we are engaged in qualitative and quantitative research which both demonstrates the impact of our approach and helps us to develop it further.

Our three streams of work are:

Organised Churches – We work with churches to harness the potential of broad-based community organising to act with their neighbours from other religions and beliefs for the common good. We help to them understand why that is an integral part of their mission, and how the practice of broad-based community organsing can help them grow in number, depth and impact.

Organised Leaders – We train individual leaders emerging from these churches, and apprentices who want to work on our staff team. We help them to use the practices of community organising – when rooted in prayer and theological reflection – to connect their own action more deeply with their faith, and to work together with those of other religions and beliefs for the common good.

Page 2 ~~—~~ www.ctcuk.org

Organised Neighbourhoods – We help the churches with whom we work to develop deeper links with other local religious and civic institutions to act together for the common good – building hyper local broad-based community organising alliances and helping this work become financially sustainable for the long term.

A key partner in this work is Citizens UK, and its local affiliate, London Citizens.

How our activities deliver public benefit

These three streams of work deepen relationships of solidarity and trust within and across faith communities, develop the confidence and agency of those who live in some of England’s most socially diverse and economically deprived neighbourhoods, and enable them to both deepen their spiritual lives and take action together on issues of common concern.

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 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, Vanessa Conant, Cecilia Dewu, Josephine Canny and Averil Pooten Watan

~~—~~ www.ctcuk.org

Page 3 www.ctcuk.org

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.

This year has seen a significant expansion in our work with Roman Catholics, with our continuing strategic partnership with the Oblates of Mary Immaculate Anglo-Irish Province and a major research project on the “Three Rivers” of Synodality, Community Organising and Catholic Social Teaching” being funded by the Porticus Trust. This programme of participatory research is helping us articulate the impact of our existing work with east London churches, to explore the theological and spiritual foundations of “faith-filled community organising” and to develop future work with Roman Catholics.

Our work in the Church of England centres on a programme on Harnessing the Potential of Community Organising for Congregational Growth. The pilot project helped churches develop deeper relationships of mutual understanding, solidarity and trust with neighbours of other religions and beliefs – at the same time as it helped those churches grow in number, depth and impact. The Church of England has agreed to fund roll-out work in these and other areas, and research to articulate and disseminate the learning.

Two churches we have supported with particular intensity have been the Parish of St George-in-the-East (where community organising has strengthened relationships in a majority Muslim area, and led to significant social impact) and the Guild Church of St Katharine Cree in the City of London (which we have helped to reach out to low paid workers across the capital, with opportunities to both engage with the Christian faith and to organise as part of a multi-faith movement). In the past year, more of this work has transferred to staff within the churches rather than CTC employees – making the work locally owned and sustainable for the long term.

The William Seymour Programme is developing a parallel stream of work for Pentecostal churches, with three congregations supported in engagement in faith-filled organising over the past three years with support from the Halley Stewart and Hinchley Charitable Trusts. We are working to make the existing work locally owned and sustainable for the long term, and to move this work to scale in the way we have with Roman Catholic and Anglican engagement.

We have also been pleased to work with Bloomsbury Baptist Church, and hope this may be the beginning of a new stream of work with another denomination.

~~—~~ www.ctcuk.org

Page 4 www.ctcuk.org

2. Organised Leaders

The Wagstaff Course is a twelve session evening class in faith and organising, and is now integrated into work with local congregations. This year, we conducted a piece of participatory research into its impact, and piloted a shorter “Listen and Lead” course which is accessible to a wider range of leaders, and may encourage even more people to take up Wagstaff.

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

Our pioneering Multi Faith Chaplaincy at London Design and Engineering University Technical College (LDE UTC) in Newham continues to be a much-valued hub for developing young leaders. It has led on to the development of a School of Faith and Organising for young people from churches in Newham.

As part of our “roots down, walls down” approach, we have also developed multi-faith leadership trainings, including ones specifically focused on young leaders.

3. Organised Neighbourhoods

We have a growing range of programmes which build on our work with churches and their leaders, and help to develop hyper-local alliances with other religious and civic institutions to weave even deeper relationships of mutual understanding, solidarity and trust through faith-filled community organising.

With funding from the Mercers Company, we are deepening this work in two churches that have completed the Organising for Growth programme.

We have played a leading role in helping churches and other religious and civic institutions to harness the power of community organising in developing “Warm Welcome” hubs – and exploring how they could lead on to deeper, long-term relationship-building and action for justice.

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.

Page 5 ~~—~~ www.ctcuk.org

Future Plans

The Trustees look forward to the future with confidence, with each of CTC’s areas of work in 2024-5 providing a basis for deeper work in east London in the years ahead – and the expansion of key strands of our approach across other parts of England and Wales and other faiths and communities. In the year ahead, our increased focus on participatory research to evaluate our work will bear fruit in new reports and teaching programmes.

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 2024. Total income in the period came to £598k (2022/23 £522k) with expenditure of £585k (2022/23 £443k). There was a small deficit on unrestricted funds for the year of £9k (2022/23 £45k surplus).

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

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 £56k based on 2023/24 unrestricted expenditure of £225k. Free, unrestricted reserve levels (which exclude fixed assets) at the end of 2023/24 were at £51k which is just below the target level.

The total funds of the Centre at 31[st] March 2024 were £167k, comprising 61k of unrestricted and £106k 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.

Page 6 ~~—~~ www.ctcuk.org

Risk Statement

The Centre conducts an annual review of operational risks. Key risks identified, and action taken to mitigate them, are as follows

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.

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 company’s exemption of section 415A of the Companies Act 2006.

Signed by:

Name: John Deacon Date: 16 December 2024

www.ctcuk.org ~~a~~

Page 7 www.ctcuk.org

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 2024, which comprise the statement of financial activities, balance sheet, cash flow, related notes and are set out on pages 10 to 16.

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:

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.

Page 8

have not been met; or

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: 17[th] December 2024

Page 9

CENTRE FOR THEOLOGY AND COMMUNITY LIMITED

Statement of Financial Activities

FOR THE YEAR ENDED 31 MARCH 2024

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
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
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
12,057
382,819
394,876
31,349
385,700
417,049
203,224
0
203,224
105,001
0
105,001
215,281
382,819
598,100
136,350
385,700
522,050
103,550
137,056
240,606
33,826
237,164
270,990
114,260
51,371
165,631
55,820
41,352
97,171
6,878
171,640
178,518
1,619
73,119
74,738
224,688
360,067
584,755
91,265
351,634
442,899
(9,407)
22,752
13,345
45,085
34,066
79,151
70,342
83,510
153,852
25,257
49,444
74,701
60,935
106,262
167,197
70,342
83,510
153,852

Adjustment to comparatives

A grant of £8,000 received from the Civic Power Fund was incorrectly allocated to unrestricted income in 2022/23 and has been correctly shown above as restricted. See note 10

Movements on reserves and all recognised gains and losses are shown above.

The notes on page 13-16 form part of these accounts.

Page 10

CENTRE FOR THEOLOGY AND COMMUNITY LIMITED

BALANCE SHEET

FOR THE YEAR ENDED 31 MARCH 2024

Note Unrestricted Restricted Unrestricted Restricted 2024 2023
Funds Funds £ £
FIXED ASSETS £ £
Investments 5 10,000 0 10,000 10,000
Tangible assets 37 0 37 237
10,037 0 10,037 10,237
CURRENT ASSETS
Debtors 6 51,309 16,786 68,095 83,503
Cash at bank 7 13,396 95,128 108,524 76,552
64,705 111,914 176,619 160,055
CURRENT LIABILITIES
Liabilities falling due within one year 8 13,807 5,652 19,459 16,439
Net Current Assets/(Liabilities) 50,898 106,262 157,160 143,616
NET ASSETS/(LIABILITIES) 60,935 106,262 167,197 153,852
FUND BALANCES
Unrestricted funds 10
General Funds 60,935 60,935 70,342
Restricted Funds 10 106,262 106,262 83,510
60,935 106,262 167,197 153,852

For the period ended 31 March 2024, 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.

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: 16th December 2024

----- Start of picture text -----
TansDane ---------------------------------------
----- End of picture text -----

--------------------------------------John Deacon

Company number:

Charity number:

05848143

1121648

Page 11

Centre for Theology and Community Limited

Cash flow statement

For the year to 31st March 2024
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		 2024
£
200
0
15,408
3,020		 2024
£
13,345
18,628		 2023
£
200
0
(41,482)
(38,559)		 2023
£
79,151
(79,841)
(112)
31,973 (802)
76,552
31,972
108,524
0
0
0
76,552
31,972
108,524

Page 12

CENTRE FOR THEOLOGY AND COMMUNITY LIMITED

Notes to the Accounts FOR THE YEAR ENDED 31 MARCH 2024

1 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.

a) 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.

b) Other income and expenditure:

Investment income is taken into account when receivable.

c) 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.

d) 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

e) Pension costs:

The company operates a defined contribution scheme for certain employees. Pension premiums are charged as they are paid.

f) Taxation

The company is a registered charity and is exempt from taxation under the Income & Corporation Taxes Acts.

g) 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.

h) 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.

i) 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.

2
Voluntary income
Grants
General donations
3
Income by activity 2023-24
Grants
Donations
Fees and sales
Total
3
Income by activity 2022-23
Grants
Donations
Fees and sales
Total		 Unrestricted
Funds
£
9,150
2,907		 Restricted
Total
Unrestricted
Restricted
Total
Funds
2024
Funds
Funds
2023
£
£
£
£
£
380,719
389,869
26,692
383,554
410,246
2,099
5,007
4,657
2,146
6,805
12,057 382,819
394,876
31,349
385,700
417,051
General
Churches
Leaders
Neighbourhoods
Total
5,000
152,083
33,047
199,739
389,869
2,907
0
2,099
0
5,006
0
117,239
85,986
0
203,224
7,907
269,322
121,132
199,739
598,100
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

Page 13

4 EXPENDITURE BY ACTIVITY 2023-24

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
2023-24
2023-24
2023-24
2023-24
£
£
£
£
38,025
166,642
35,939
240,606
10,425
127,671
27,535
165,631
55,908
100,859
21,752
178,518
104,358
395,172
85,226
584,755
395,172
(395,172)
0
85,226
(85,226)
0
584,755
0
0
584,755

Note

Central and admin costs are allocated in proportion to the staff costs

EXPENDITURE BY ACTIVITY 2022-23

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

5 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
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
Total
Unrestricted
Restricted
Total
Funds
Funds
2024
Funds
Funds
2023
£
£
£
£
£
£
192,656
202,515
395,172
79,009
294,198
373,207
0
61,667
61,667
0
17,138
17,138
0
0
0
1
0
1
222
1,422
1,644
0
3,317
3,317
341
289
631
290
297
586
311
3,664
3,975
20
6,802
6,822
942
2,470
3,412
443
2,362
2,804
3,264
29,566
32,831
0
4,080
4,080
0
200
200
0
0
0
197,737
301,793
499,530
79,762
328,193
407,955
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
Funds
Funds
2023
Funds
Funds
2023
£
£
£
£
£
£
15,535
0
15,535
10,000
0
10,000
0
0
0
0
0
0
3,315
0
3,315
1,887
0
1,887
141
0
141
0
0
0
0
0
0
0
0
0
(58,274)
58,274
0
(23,442)
23,442
0
201
0
201
77
0
77
22,202
0
22,202
(2,546)
0
(2,546)
2,310
0
2,310
1,957
0
1,957
5,216
0
5,216
4,874
0
4,874
5,995
0
5,995
1,635
0
1,635
1,356
0
1,356
622
0
622
14,724
0
14,724
14,382
0
14,382
1,800
0
1,800
1,800
0
1,800
12,431
0
12,431
257
0
257
26,953
58,274
85,226
11,504
23,442
34,946
224,689
360,067
584,756
91,267
351,634
442,901

Note: The above figures include a charge of £1,800 for the preparation and independent examination of the annual accounts

Page 14

4 Staff & Trustees

& Trustees
Gross wages, salaries & benefits in kind
Employer's National Insurance costs (net of employers allowance)
Pension costs
Total staff costs		 2024
2023
£
£
365,495
307,072
28,423
20,997
14,173
11,333
408,091
339,402

The charity has 9.9 full time equivalent employed staff (2022/23: 9.1).

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 £56,530 (2023:£55,727).

No remuneration was paid to any trustee during the year nor to any person connected to them.

5 Tangible Fixed Assets

Cost
At 1 April 2023
Additions
At 31 March 2024
Accumulated Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 1 April 2023		 Program related
Investments
Computer
equipment
Total
& furniture
2024
£
£
10,000
3,541
13,541
-
-
-
10,000
3,541
13,541
-
3,304
3,304
-
200
200
-
3,504
3,504
10,000
37
10,037
10,000
237
10,237

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
Prepayments		 2024
2023
£
£
61,729
22,125
6,000
61,378
366
0
68,095
83,503

6 Debtors and Prepayments

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
Accruals		 2024
2023
£
£
108,524
76,552
108,524
76,552
9,473
361
9,985
16,078
19,458
16,439

8 Creditors: liabilities falling due within one year

10 Restricted Funds

The restricted funds represent amounts received for specific purposes and the movements in the year are as follows: The restricted funds represent amounts received for specific purposes and the movements in the year are as follows: The restricted funds represent amounts received for specific purposes and the movements in the year are as follows: The restricted funds represent amounts received for specific purposes and the movements in the year are as follows: The restricted funds represent amounts received for specific purposes and the movements in the year are as follows:
Closing Incoming Outgoing Closing Incoming Outgoing Closing
balance resources resources balance resources resources balance
2022 2023 2023 2023 2024 2024 2024
£ £ £ £ £ £ £
Bishop of Durham 0 2,500 (2,500) 0 0 0 0
Buxton 180 0 1,700 (1,700) 0 1,809 (1,809) 0
Camellia Founation 0 12,500 (6,500) 6,000 12,500 (18,500) 0
Church of England- SDF (0) 78,182 (73,995) 4,186 27,000 (14,996) 16,190
Church Urban Fund (Near Neighbours) 474 0 (474) 0 0 0 0
Civic Power Fund 0 8,000 0 8,000 32,000 (5,056) 34,944
Diocese of Chelmsford 0 6,615 (6,615) 0 0 0 0
Hinchley Charitable Trust 0 7,500 (7,500) 0 7,500 (7,500) 0

Page 15

Individual donations
James Knott Trust
Lillian Nash
London Community Land Trust
London Diocesan Fund
Mercers Company
Near Neighbours (CUF)
Oblate of Mary Immaculate- Anglo-Irish
Three Rivers Project
Sanctuary Website
Sir Halley Stewart
St George in the East Buxton Leadership
St Katherine's Cree
St Thomas Church
Trust For London
Total		 0
446
(446)
0
290
(290)
0
2,365
2,500
(4,865)
0
0
0
0
0
6,000
(3,717)
2,283
0
(1,566)
717
1,043
0
(1,043)
0
0
0
0
0
6,615
(6,615)
0
0
0
0
0
0
0
0
30,000
(30,000)
0
0
27,565
(27,565)
0
31,239
(31,239)
0
223
30,000
(13,700)
16,523
30,000
(46,523)
0
0
0
0
0
85,388
(49,767)
35,621
0
3,000
(3,000)
0
0
0
0
0
19,793
(19,793)
0
29,688
(20,097)
9,591
2,365
0
(2,365)
0
0
0
0
33,343
142,784
(130,946)
45,181
0
(45,181)
0
0
0
0
0
15,404
(12,747)
2,657
9,631
30,000
(38,295)
1,336
80,000
(74,796)
6,540
49,443
385,700
(351,634)
83,510
382,819
(360,067)
106,262

Adjustment re comparatives

£8,000 received from the Civic Power Fund was incorrectly allocated to unrestricted income in 2022/23 and has been correctly shown above as restricted

The Bishop of Durham grant is towards the co-ordination of the Buxton programme

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 Foundation grant 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 Civic Power grant is towards neighbourhood organising work

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 Mercers Company grant is towards neighbourhood organising

The grant from the Oblate of St Mary Immaculate was given towards CTC’s work with Roman Catholic churches and migrant workers The Three Rivers Project is researching the relationship between Synodality, community organising and Catholic Social teaching

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 St Thomas Church grant is for the Migrant Voices 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.

11 Analysis of Net Assets between Funds

Analysis of Net Assets between Funds
Fixed Assets
Current assets
Current liabilities
Net Assets		 Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
2024
2024
2024
2023
2023
2023
10,037
0
10,037
10,237
0
10,237
64,705
111,914
176,619
63,545
96,510
160,055
(13,807)
(5,652)
(19,459)
(3,440)
(13,000)
(16,440)
60,935
106,262
167,197
70,342
83,510
153,852

12 Events since the year end

None

13 Members

Each member of the company commits to contribute if the charity is wound up an amount of £1.

14 Related Party Transactions

The Rev Vanessa Conant is a trustee and is also the Vicar at St Mary’s Walthamstowe. St Mary's received income from CTC in 2023/24 of £6,250 (21/22 £12,500) to help cover the staff costs for the project 'Harnessing the Power of Organising for Church Growth'

Page 16