Charity registration number 1135528 (England and Wales) Company registration number 07137899 TALITHA KOUM COMMUNITY LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024
TALITHA KOUM COMMUNITY LTD LEGAL AND ADMINISTRATIVE INFORMATION Trustees G Baker Y Cross L Ramsey A Williams P G Harper Charity number (England and Wales) 1135528 Company number 07137899 Reglstered office The Hope Centre Wash Lane tnesham Ipswich Suffolk IP6 9JE Independent examlner Affinia {Ipswich) 80 Compair Crescent Ipswich Suffolk UK IP2 OEH
TALITHA KOUM COMMUNITY LTD CONTENTS Page Trustees, report Independent examinels report ststement of financial activities Statement of financial position Notes to the financial statements 8-15
TALITHA KOUM COMMUNITY LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 NOVEMBER 2024 The trustees present their annual report and ffinancial statements for the year ended 30 November 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to Gharities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)° (as amended for accounting periods commencing from 1 January 2019) Objectlves and activities Talitha Koum Community Limited has a Christian mission to reach out with love. compassion and practical support to women who are vulnerable because of circumstance. Based near Ipswich in Suffolk we provide.. Supported housing for women who are vulnerable due to life-challenges often leading to chaos and homelessness including a history of substance dependency or alcohol use, homelessness, mental health challenges and risk of abuse, violence, or persecution. Our purpose-built centre provides supported accommodation in a unique setting within a 2-a¢re wral site known as The TK Hope Centre.
TALITHA KOUM COMMUNITY LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Achievements and performance This year has been one of consolidation and growih. Our Service Manager, Tina Prince continues to both manage the Hope Centre and promote the charity within the local area. To enable her to focus on the strategic management, we have recruited a strong team throughout the year to run the centre operationally and to allow for future growth. The Hope Centre provides seven day a week staffing, with reduced weekend cover having a focus on a social or n activity. This has helped to provide consistency and continuity across the week. There is an on-call system for out of hours urgent issues. Of great significance this year, four women have been supported in moving on into independent living so fulfilling the aim of the charity. The women were able to make full use of the services provided by the support team to make the successful transition to independence in the community. This was achieved through individualised support plans and activities tailored to each woman's requirements. Two regular volunteers supplement Ihe work that the support team are doing. Activities are designed to reflect the skills that our residents will need to be successful when they are living independently and include budgeting, cooking, healthy lifestyles, physical and mental health wellbeing, application of benefits and signposting to other external setvices. During this year our occupancy rate has increased to an average of 10.5 residents per month so meaning the Hope Centre has been full for the majority of the time with a room only being vacant for a short space of time after one resident leaves and the room is being prepared for the next resident. We have been pleased to help fifteen women who benefited from time in our accommodation this year. Our outcomes for residents continue to be very good and have numerous testimonies from agencies and residents alike as to the positive impact we are having on women's lives. Through persistent liaison with the Housing Support team, there has been a significant increase in the level of housing benefil paid to the Hope Centre to reflect the ever-growing costs of running the Centre. This has helped to improve the sustainability of the charity's finances and so support the women in our care. In terms of future development, plans have been drawn up with architects and approved by the Trustees to provide an additional five rooms to bring us up to our maximum 16 rooms as allowable under our lease. The bwn has been demolished so providing room on the site. Flnancial review The accounts show that the charity had income of £197.773 12023.. £191,847) againsl expenditure of £200,389 (2023.. £192,111). Income in the previous financial period included a on&off legacy donation of just over £50,000. There was also an increase in housing benefit income of just over £39,000 due to increased occupanGy in the period. Of total income, donations, gifts, grants and fundraising represent 28 % 12023.. 44 % ), and housing support and resident income 720/0 (2023.. 56 % l. Our operational cost increase was largely due to an increase li staff costs, including costs to provide additional weekend cover. Unrestricted funds at the end of the year are sufficient to fund the ongoing operations. ReseeS policy Our reserves policy has remained at £42,000 of unrestricted funds at any time to cover potential liabilities. This figure represents approximately 3 months of forecast operational costs. We will continue to review and update our reserves policy as our seNice and financial position evolve.
TALITHA KOUM COMMUNITY LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Major risks The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Plans for future perlods Aims 2024125 The need for our services remains high (sadly) with referral volumes far outstripping our available rooms hence we need to press fotward with the next stage in the development of our site so that we Gan help more women in need. We have received a positive response to a Pre Planning Application for an additional five residents which provides for more self-contained living accommodation to better prepare our residents in their move to independent living. This will be a significant investment in our site for which we will need to build our reserves and undertake major fvJnd-rai5ing initiatives to bring to fruition. These plans are the next stage of the development of our wonderful site in Wilnesham. Once the site development work is concluded some additional staffing will required to cover for 5 additional residents. We also plan to offer the opportunity to live at the Hope Centre to young women leaving the care system from 18 years old. We hope to reduce the risk to this group which can so often can find the sudden transition from care to independent living very difficult. We can give them the opportunity to have supported accommodation as a 'haIaY house" to full independence. As we look to the new year, we wish to strengthen our cross-agency collaboration to further improve the long-term outcomes for our residents. A focus on maximising occupancy in the year ahead is also key as thi5 provides a strong basis for our future financial planning Structure. governance and management The charity is a company limited by guarantee. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were.. G Baker Y Cross L Ramsey A Williams I Cameron P G Harper {Resigned 29 January 2025) None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
TALITHA KOUM COMMUNITY LTD TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 We are thankful to Ihe wide Tange oi local busineB8es, Cornmunty Groups, Churche8, friends. individuals. and other funders that have supported us erther financial or though giving Itir time throughout the year. We had another well supported and successful Golf Day hosted by SuFerstructures thi8 year from whom we have enpyed IofVJ tenn 8UPPOrt and collaborats'on. As a charity with a strong & dear Christian ethos we are strongty supported in prayer from our wde ba8e of surporters be they indrviduals or churthes. this is a wtal foundation for our work. The tru8tee8' r t was approved by the Board ofTrutstees. G Baker Trustee Dated.. I S 015
TALITHA KOUM COMMUNITY LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TALITHA KOUM COMMUNITY LTD I report to the trustees on my examination of the financial statements of Talitha Koum Community Ltd (the charity) for the year ended 30 November 2024. Responslbilitles and basis of report As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. You are satisfied that the financial statements of the charity are not required by charity or company law to be audited and have chosen instead to have an independent examination. Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity's financial statements carried out under section 65 of the Charities Act (Northern Ireland) 2008 and section 145 of the Charities Act 2011. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65{9)(b) of the Charities Act {Northern Ireland} 2008 and the Directions given by the Charity Commission under section 145(5}(b) ofthe Charities Act 2011. Independent examlner's statement I have completed my examination. I confirm that no matters have Come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006. the financial statements do not accord with those records., or the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination- or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concems and have Come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Daniel Farrow {ACA) Affinia Ilpswich) 80 Compair CreSnt Ipswich Suffolk IP2 OEH UK
TALITHA KOUM COMMUNITY LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 NOVEMBER 2024 Unrestricted funds 2024 Unrestrlcted funds 2023 Notes Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments Qlher income 49,078 142,198 2,568 1,587 84,489 102,612 965 1,032 2,749 Total income 197,773 191,847 Expenditure on: Raising funds Charitable activities 250 200,139 25 192,086 Total expendlture 200,389 192,111 Net expenditure and movement in funds (2,616) (264) Reconclliation of funds: Fund balances at 1 December 2023 659,281 659,545 Fund balances at 30 November 2024 656,665 659,281 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditur8 derive from continuing activities.
TALITHA KOUM COMMUNITY LTD STATEMENT OF FINANCIAL POSITION AS AT 30 NOVEMBER 2024 2024 2023 Notes Flxed assets Tangible assets 14 547,674 534.615 Current assets Debtcffs Cash at bank and in haThl 15 750 110,305 3.936 126,212 111,055 130,148 Creditors: amounts falllng due wlthln one year 16 (2,084) (5,482) Net ¢urfenl assets 108.991 124,866 Total assets less current IlaNlltles 656.665 659,281 The funds of the charlty Unrestrieted lunds IB 656.665 659,281 656,665 659,281 The ¢cmpany is ertted to the exempt from the audit requirement contslned in 88ction 477 of Companie8 Act 2C4J6, ftK year ended 30 November 2024. Thè direct(Ys acknowlethJe their respcmsibilities for complying wth the requirernents of Ihè Ctynpaiyes Act 2IXI8 f88pect to accounting records and the preparation of financial 8tatements. The member8 have not wuired the company to otrtain an awjit of its financial statements forthe year in question in acry)rdance wth section 476. The8e financid statements have been preparwj in ac(rdanCe with the provi8ion8 apF4ieabl8 to oompanie8 8ubiect to the s11 companies regime. The financial statements were approved by the truste8s on .. G Baker Trustee Company registration numker 07137899 (England and Wale$)
TALITHA KOUM COMMUNITY LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 Accounting policies Charity information Talitha Koum Community Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is The Hope Centre, Wash Lane, Witnesham, Ipswich, Suffolk, IP6 9JE. 1.1 Accounting convention The fi'nancial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities SORP "Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a statent of cash flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financial ststements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trLBtees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Designated funds are unrestricted funds eamiarked for a particular project. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the ¢harity. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts Can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at Ihe lime of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amounl is not known, the legacy is treated as a contingent asset.
TALITHA KOUM COMMUNITY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Accounting policies (Continued) 1.5 Expenditure Liabilities are recognised as resources expended where there is a legal or constructive obligation committing the Charity to the expenditure. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and buildings Fixtures and fittings Computers Not depreciated 25 OA Reducing Balance 20 Oh Straight Line The gain or loss arising on the disposal of an asset is determined as the difference beeen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairnient of fixed assets At each reporting end date. the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the exient of the impairment loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
TALITHA KOUM COMMUNITY LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 A¢countlng pollcles (Continued) Basic flnancial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities dassified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are Glassified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are reived. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to temiinate the employment of an employee or to provide termination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgement5, estimates and assumptions about the Carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experien and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which Ihe estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Donations and legacles Unrestricted Unrestricted funds nds 2024 2023 Donations and gifts Grants reiVed 48,262 816 81,555 2,934 49,078 84,489 10
TALITHA KOUM COMMUNITY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Income from charitable activities Unrestricted funds 2024 Unrestricted funds 2023 Charitable Activities Support Housing Service Income 142,198 102,612 Income from other trading activities Unrestricted Unrestricted funds funds 2024 2023 Fundraising events 2,566 965 Income from investments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 1,587 1,032 Other income Unrestrl¢ted Unrestricted funds funds 2024 2023 Other income 2,344 2,749 Other income represents monies received from the residents to purchase shopping and items on their behalf. The associated costs of this is included within Residential operating costs. 11
TALITHA KOUM COMMUNITY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Expendlture on raising funds Unrestricted Unrestrfcted funds funds 2024 2023 Fundraising and publicity Other fundraising Gosts 250 25 Expenditu on charitable activities Charitable Activities 2024 Charitable Actlvltles 2023 Dlrect costs staff costs Depreciation and impairment Insurance Computer Expenses Office Expenses Rent l Room Hire Sundry Expenses Training Expenses Travel and Expenses Residential Operating Costs 152,454 750 2,590 1,470 1,658 1,315 137,517 247 2,523 114 1,632 2,051 169 190 4,931 39,150 180 9,412 25,707 195,536 188,524 Share of support and governance costs (see note 10) Support 4,603 3,562 200,139 192,086 Analysis by fund Unrestricted funds 200,139 192,086 10 Support costs allocated to activities 2024 2023 Independent Examination Fee Legal Fees Payroll Costs 1,314 2,075 1,214 1,230 1,408 924 4,603 3,562 Analysed between: Charitable Activities 4,603 3,562 12-
TALITHA KOUM COMMUNITY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 11 Trustees None of the trustees {or any persons connected wtth them) received any remuneration or benefits from the Gharity during the year. 12 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Full time employees Part time employees Total 11 Employment costs 2024 2023 Wages and salaries Other pension costs 150,060 2,394 134,739 2,778 152,454 137,517 There were no employees whose annual remuneration was more than £60,000. 13 Taxatlon The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 13-
TALITHA KOUM COMMUNITY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 14 Tangible fixed assets Froehold land FixtUTe5 and and buildings fittings Computers Totsl Cost At 1 December 2023 Additions 533,909 11,940 574 1,869 698 535,181 13,809 At 30 November 2024 545,849 2,443 698 548,990 Depreciation and impalrment At 1 December 2023 Depreciation charged in the year 251 611 314 140 565 751 At 30 November 2024 862 454 1,316 Carrying amount At 30 November 2024 545,849 1,581 244 547,674 At 30 November 2023 533,909 323 383 534,615 The additions cost as stated above in respect to freehold land and buildings relates to the demolition of the old barn, levelling off and fencing and work to improve wheel chair access to the site. 15 Debtors 2024 2023 Amounts falllng due wlthln one year: Trade debtors Prepayments and accrued income 3,186 750 750 750 3,936 16 Credltors: amounts falling due within one year 2024 2023 Accruals and deferred income 2,064 5,482 17 Retirement benefit schemes 2024 2023 Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 2,394 2.778 14-
TALITHA KOUM COMMUNITY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 17 Retlrement benefit schemes (Continued) The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. 18 Unrestrlcted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At1 December 2023 Incomlng r8sour¢es Resources expended At30 November 2024 Designated Funds - Future development of site General Unrestricted Funds 49,298 609,983 {9,126) {191,263) 40,172 616.493 197,773 659,281 197,773 {200,389) 656,665 Prevlous year: At1 December 2022 Incoming resources Resources expended At30 November 2023 Funds allocated to future expansion of site General funds 85,759 573,786 (36,461) (155,650) 49,298 609,983 191,847 659,545 191,847 (192,111) 659,281 The designated funds have been allocated lo the future development of the site. Costs this year Snt on the development of the site are in relation to the demolttion costs relating to the old bank and work to level the area and extend the fencing. 19 Related party transactions Transactlons with related partles During the year the charity entered into the following transactions with related parties= The land which 15 leased to the charity on which the charity is run is jointly owned by Y Cross, a trustee of the charity. The lease terms limit the rental figure to a maximum of the current rental figure or the open market rental of the land for agricultural purposes only and therefore there are no beneficial terms resulting from Y Cross's position as a trustee. 15-