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← Canterbury Umbrella

2024-03-31-accounts

Registered number: 07990220 Charity number: 1153745

Canterbury Umbrella (A company limited by guarantee) _

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Unaudited

Trustees’ report and financial statements for the year ended 31 March 2024 -

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Canterbury Umbrella

(A company limited by guarantee)

Contents

Page
Reference and administrative details of the charity, its Trustees and advisers 1
Trustees’ report 2-4
Independent examiner's report 5
Statement offinancial activities 6
Balance sheet 7
Notestothefinancialstatements 8-24

Canterbury Umbrella

. )

(Acompany limited by guarantee)

Reference and administrative details of the charity, its Trustees and advisers for the year ended 31 March 2024

Trustees

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Mr B Gore (Resigned 2 November 2023) Mr D Baxter, Acting Chair Mr C Gay (Resigned 2 November 2023) Mrs S Stace (Resigned 21 November 2023) Mrs D Jackson Dr B Stott Mr P Nolan (resigned 25 May 2024) Ms C Clarke Mr D Milham, Treasurer Mrs T Taylor (appointed 2 November 2023) Mr M Taylor (appointed 2 November 2023)

Company registered number

07990220

Charity registered number

1153745

Registered office

The Umbrella Centre St Peters Place Canterbury Kent CT1 2DB

Company secretary

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Mr B Gore

Independent examiner

S M Rouse FCCA DChA Kreston Reeves LLP Chartered Accountants 37 St Margaret's Street Canterbury Kent CT1 2TU

Bankers

National Westminster Bank plc 11 The Parade Canterbury Kent . CT12DT

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Page 1

Canterbury Umbrella (A company limited by guarantee)

Trustees’ report

for the year ended 31 March 2024

The Trustees present their annual report together with the financial statements of the charity for the year 1 April 2023 to 31 March 2024. The Annual report serves the purposes of both a Trustees' report and a directors’ report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

Canterbury Umbrella exists to provide public benefit by:-

  1. promoting without distinction of sex, sexual orientation, race, or of political, religious or other opinions, any charitable purpose for the benefit of the inhabitants of Canterbury, Kent and the neighbouring villages and neighbourhood, and without prejudice, to the generality of the foregoing in particular;

  2. supporting people with mental or physical sickness, disability or disorder, and to support the aged;

  3. protecting and preserving mental and emotional health and stability;

. 4, providing public benefit through the community support centres supplying facilities for recreation, education, refreshment, companionship and general care, and residence, and to manage and maintain such centres for facilities so as to further the objects of Canterbury Umbrella.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance ‘Public benefit: running a charity (PB2)’.

The strategy adopted to meet the objective of the charity in delivering public benefit includes the Trustees continually evaluating and enhancing its range of activities and facilities which are made available to the members. Specifically this includes the introduction of counselling services, additional computer facilities and well maintained community support centre.

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Page 2

Canterbury Umbrella (A company limited by guarantee)

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Trustees’ report (continued)

for the year ended 31 March 2024

Achievements and performance

a. Review of activities

The charity continued to operate the Canterbury Umbrella Centre troughout the year. The Trustees have reviewed operations with the aim of making the charity financial sustainable for the long term.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details are in the accounting policies.

During the year, the charity had total incoming resources of £122,902 (2023 - £134,292) and total resources expended of £247,118 (2023 - £199,736). This deficit was anticiaptated, given the challenging financial circumstances and the Trustees have taken steps to reduce expenditure whilst aiming to increase regular income. , |

’ b. Reserves policy

The Trustees aim to maintain £30,000 in reserves to cover redundancy and other closure costs.

Structure, governance and management

a. Constitution

The charity is a company limited by guarantee and is constituted under a Memorandum of Association dated 14 March 2013 as amended by special resolution registered at Companies House on 5 September 2013 and is a registered charity.

b. Methods of appointment or election of Trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.

c. Organisational structure and decision making

A management committee which includes representatives of the members meets at least three-monthly. The Trustees are all ex-officio members of the management committee and meet separately on a regular basis taking responsibility for administering the charity and taking key policy decisions.

Canterbury Umbrella employs a Centre Manager, a chef, a catering assistant / cleaner. All other functions are carried out by a pool of volunteers.

Page 3

Canterbury Urnbretia

(A company limited by guarantee)

Trustees’ raport (continued) for the year ended 31 March 2024

Statement of Trustees’ responsibilities

The Trustees (who ere siso the directors af the chanty for (he purposes of company law) are reaponeible ta prepanng the Trustees’ report and (he financial staternents in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Ganeralty Accepted Accounting Practica).

Compeny law requres the Trustees to prepare financial statements for each financial Under compeny law the Trestees must not approve the financial sistements unless thay are satiafied het they give a true and fair new of the state of affairs of the charity and of its incoming resources and appication of resources. including is mcome and expenditure. for that period. in preparing these financial statements, the Trustees are required to

by

S M Rouse

Canterbury Umbrella

(A company limited by guarantee)

Statement of financial activities (incorporating income and expenditure account) for the year ended 31 March 2024

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Restricted Unrestricted Unrestricted Total Total
funds funds funds funds
2024 2024 2024 2023
Note £ £ £ £
Income from:
Donations and legacies 4 48,240 25,517 73,757 71,629
Charitable activities 5 - 1,554 1,554 12,728
Other trading activities 6 - 46,222 46,222 48,917
Investments 7 - , 1,369 1,369 1,018
Total income 48,240 74,662 122,902 134,292
Expenditure on:
Raising funds 8 2,327 15,933 18,260 16,800
Charitable activities 53,807 175,051 228,858 182,936
Total expenditure 56,134 190,984 247,118 199,736
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Netexpenditure before net losses on .
investments (7,894) (116,322) (124,216) (65,444)
Net losses on investments - (1,105) (1,105) (2,833)
Net movement in funds (7,894) (117,427) (125,321) (68,277)
Reconciliation offunds: ;
Total funds broughtforward 191,980 207,407 399,387 467,664
Netmovement infunds (7,894) (117,427) (125,321) (68,277)
Totalfundscarriedforward 184,086 89,980 274,066 399,387

The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 8 to 24 form part of these financial statements.

Page 6

Canterbury Umbrella (A company limited by guarantee) Registered number: 07990220

Balance sheat as at 31 March 2024

Fixed assets Note 2028 2023
E
Tangible assets 1 _— —
nyssrmenss 12 ;
———		 132.311
Current assets axe 307 S64
a
investments
Cash aftbankand inhand		 13 §,808
60.666
43,924		 4784
mate
ae
110,395 102.322
Creditors: amounts falling due within one
' 14 (8,644). (10.439)
Net current assets 101,751 -gt.gga
Total netassets 274,066 390.387
Charityfunds
Restrictedfunds
Unrestrictedfunds		 15
15		 184,086
89,980		 191.980
207 407
Total funds 274,066 306.387

The charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in queston in accordance with section 476 afCompanies Act 2006. The Trusteesacknowledge their responsibdibes for comptying with the requirementsof the Act with respectto accounting records and preparation of financial staternents. , . L 7 _— The financial statements have been prepared in accordance with the provisions applicable to enthas subject the small companies regume. . - ; on os 7. The financial ents ware approved and authorised for iasue by the Trustees and signed behal (tte tds O Baxter Date: i] U tol The nates on pages 8 to 24 form part of these Snencial statements

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Canterbury Umbrella (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

1. General information

Canterbury Umbrella is a company limited by guarantee incorporated in England and Wales. The address of the registered office is The Umbrella Centre, St Peters Place, Canterbury, Kent CT1 2DB. Details of the principal activities are included in the Trustees' Report.

2. Accounting policies

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The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of lreland (FRS 102) and the Companies Act 2006.

Canterbury Umbrella meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

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2.2 Company status

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The charity is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.

2.3 Going concern

The Trustees have reviewed the cash reserves as at the year end and as at the date of approval of these financial statements, along with financial projections and forecasts. They consider that there will be sufficient funds to enable the charity to continue to operate for a period of at least 12 months from the date of approval of these financial statements. For this reason they continue to adopt the going concern basis in preparing the financial statements.

2.4 Income

All income. is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

2.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Page 8

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Canterbury Umbrella (A company limited by guarantee)

7

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Notes to the financial statements for the year ended 31 March 2024

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2. Accounting policies (continued)

2.5 Expenditure (continued)

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs and costs relating to the governance of the charity.

All expenditure is inclusive of irrecoverable VAT.

2.6 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.

2.7 Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

2.8 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives using the straight-line method.

Depreciation is provided on the following bases:

Freehold property - Over 50 Years Long-term leasehold property - Over the period of the lease ; Fixtures and fittings - 33% straight line Computer equipment - 33% straight line

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable.

2.9 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities incorporating income and expenditure account.

Page 9

Canterbury Umbrella {A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

2. Accounting policies (continued)

2.10 Operating leases

Rentals under operating leases are charged to the Statement of financial activities incorporating income and expenditure account on a straight line basis over the lease term.

2.11 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

2.12 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.13 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.14 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.15 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.16 Pensions

The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

Page 10

Canterbury Umbrella (A company limited by guarantee)

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Notes to the financial statements

for the year ended 31 March 2024

2. Accounting policies (continued)

2.17 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in , furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

: Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Net income/(expenditure)

This is stated after charging:

2022 2021
, £ £
,
Depreciation of tangible fixed assets:
-owned bythe charity 2,878 5,161
Independentexaminer'sfees 2,543 2,321

During the year, no Trustees received any remuneration (2023 - £NIL) During the year, no Trustees received any benefits in kind (2023 - ENIL) During the year, no Trustees received any reimbursement of expenses (2023 - ENIL)

Page 11

Canterbury Umbrella (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

4. Income from donations and legacies

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Restricted Unrestricted Total Total
funds funds funds funds
2024 2024 2024 2023
£ £ £ £
Donations 859 10,517 11,376 70,604
Grants 47,381 45,000 62,381 1,025
48,240 25,517 73,757 71,629
Total 2023 6,916 64,713 71,629
5. Income from charitable activities
Restricted Unrestricted Total Total
, funds funds funds funds
2024 2024 2024 2023
£ £ £ £
Yoga / Keep Fit - 1,554 1,554 1,728
Informal DayCare Grant - - - 11,000
- 1,554 1,554 12,728
Total 2023 86 12,642 12,728
6. Incomefrom othertrading activities
Incomefrom non charitable trading activities
Unrestricted Total Total
funds funds funds
2024 2024 2023
£ £ £
Lettings income 8,498 8,498 16,448
Lunches income 24,713 24,713 24,065
Fundraising activites, including Gala dinner 13,011 13,011 8,404
46,222 46,222 — 48,917
Total2023 48,917 48,917

5. Income from charitable activities

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Page 12

(A company limited by guarantee)

__ forNotes thetoyearthe endedfinancial31 Marchstatements2024

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7. Investment income

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. . Unrestricted Total Total
funds — funds funds
2024 2024 2023
£ £ O€£
Deposit interest 1,106 1,106 1,018
Income from unlisted investments 263 263 -
1,369 1,369 1,018
Total2023 1,018 1,018

8. Expenditure on raising funds

Costs of activities for generating funds

Restricted Unrestricted Unrestricted Total Total
funds funds funds funds
2024 2024 2024 2023
£ £ £ £
Lunches costs , 2,327 12,137 14,464 12,528
Fundraising activites, including Gala dinner
costs - 3,796 3,796 4,272
2,327 ~ 15,933 18,260 16,800
Total2023 1,710 15,090 — 16,800 °

Page 13

Canterbury Umbrella (A company limited by guarantee)

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Notes to the financial statements for the year ended 31 March 2024

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9. Charitable activities

Restricted Unrestricted Unrestricted Unrestricted Total Total
funds funds funds funds
2024 2024 2024 2023
£ £ £ £
Ground rent - ~ 1,350 1,350 1,400
Rates and water - 1,053 1,053 103
Light and heat - 11,468 11,468 10,046
Insurance 36 5,838 5,874 4,914
Maintenance 50,421 11,984 62,405 13,826
Salaries (see note 10) 2,000 112,000 114,000
Employer's national insurance - 3,053 3,053 3,053
Pension contributions - 1,725 1,725 2,002
Stafftraining - 516 516 936
Telephone - 1,379 1,379 1,162
Bookkeeping fees - 9,099 9,099 8,140
Postage, stationeryand advertising - 1,470 1,470 1,994
Volunteer expenses - 77 77 271
Sundryexpenses 470 2,196 2,666 5,217
Computercosts - 2,676 2,676 2,536
Member activities 1,513 1,746 3,259 6,697
Service charges - 1,367 1,367 1,346
Independent examiner's fees - 2,543 2,543 2,321
Depreciation 2,667 211 2,878 5,161
57,107 171,751 228,858 182,936
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Total2023 10,048 172,888 182,936

Page 14

Canterbury Umbrella (A company limited by guarantee)

Notes to the financial statements

for the year ended 31 March 2024

10. Staff costs

Staff costs were as follows:

2024 2023
£ £
Wages and salaries . 114,000 111,811
Social security costs 3,394 3,053
Contribution to defined contribution pension schemes 1,725 2,002
119,119 116,866

The average number of persons employed by the charity during the year was as follows:

2024 2023
No. _ No.
Part time 6 - 6

No employee received remuneration amounting to more than £60,000 in either year.

Page 15

Canterbury Umbrella (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

11. Tangible fixed assets

Long-term
leasehold Fixtures and Computer
property fittings equipment Total
£ £ £ £
Cost or valuation
At 1 April 2023 258,478 37,148 6,330 301,956
At 31 March 2024 258,478 37,148 6,330 301,956
Depreciation
At 1 April 2023 83,552 37,069 6,142 126,763
Charge for the year 2,611 79 188 2,878
At 31 March 2024 86,163 37,148 6,330 129,641
Net book value
At 31 March 2024 172,315 - - 172,315
At31March2023 174,926 79 188 175,193

Included in freehold land and buildings is freehold land at valuation of £25,482 which is not depreciated.

As noted in the Trustees’ report, during the period, the charity sold property in St Peters Place, Canterbury.

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Canterbury Umbrella has leased land in St Peters Place, Canterbury from the Canterbury City Council, for a term of 99 years. The Canterbury Umbrella Centre has been erected on this land at a cost of £258,478. This lease was signed on 16 September 1991. The current annual rent is £1,200 per annum.

The rent is next due for review in September 2026.

12. Fixed asset investments

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Unlisted
investments
£
At 1 April 2023 132,311
Disposals (132,311)
At31March2024

Page 16

Canterbury Umbrella

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

13. Debtors

, 2024 2023
£ £
Trade debtors 45 351
Prepayments and accrued income - 6,763 4,413
5,808 4,764

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Page 17

Canterbury Umbrella

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

14. Creditors: Amounts falling due within one year

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2024 2023
£ £
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Trade creditors 438 2,491
Other creditors 469 462
Accruals and deferred income ; 7,737 7,486
8,644 10,439

The deferred income included within accruals can be broken down as follows:

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2024 2023
£ £
Deferred Income at 1 April 2023 — - 640
Amounts releasedfromprevious periods of (640)

Page 18

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Canterbury Umbrella (A company limited by guarantee)

;

Notes to the financial statements for the year ended 31 March 2024

15. Statement of funds

Statement of funds - current year

Balance at
Balance at 1
April 2023		 income Expenditure Transfers
in/out		 Gains/
(Losses)		 31 March
2024
£ £ £ £ £ £
Unrestricted
funds
Designated
funds
Buildings )
Maintenance
Fund 60,000 - - (60,000) - -
General funds
General Purpose
Fund 147,407 74,662 (190,984) 60,000 (1,105) 89,980
Total
Unrestricted
funds 207,407 74,662 (190,984) - (1,105) 89,980
Restricted
funds ;
Building Fund 174,924 - (2,611) - - 172,313
Art Group Fund 1,354 - - - (+ 1,354
Garden
Furniture Fund 731 - (347) - - 384
CCC Wellbeing
& Support
Fund 2,071 190 (500) - . - 1,761
Kent Community
Foundation
Fund 3 - (3) - - -
CCC Parent
Power Project
Fund 600 - (130) - - 470
The Percy Bilton
Charity Fund 40 - (40) - - -
Grand Lodge of a
Mark Masons - 45,582 (45,260) - - 322
Food Parcel
Fund 4,905 643 (2,327) - - 3,221
. Cafe Furniture
Fund 5,000 - (3,775) - - 1,225
; TheRotaryClub * 4,002 - 216 (758) - - 460

Page 19

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Canterbury Umbrella (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

15. Statement of funds (continued)

Statement of funds - current year (continued)

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||||||||| |---|---|---|---|---|---|---|---| |Balance|at| |Balance|at|1|Transfers|Gains/|31|March| |April|2023|Income|Expenditure|in/out|(Losses)|2024| |£|£|£|£|£|£| |Kent|Community|,| |Foundation|-|a| |Consultancy|450|-|-|-|-|450| |Streynsham's| |Trust|Kitchen| |Update|500|-|(383)|-|-|117| |Streynsham's| |Trust| |Interactive| |Whiteboard|400|||425|-|-|-|825| |St|Dunstans| |PCC|Flower| |Basket|-|184|-|-|-|184| |Ukraine| |Community| |Kobler|Trust A|-|1,000|-|-|-|1,000| |191,980|48,240|(56,134)|-|-|184,086| |Total|of funds|399,387|422,902|(247,118)|-|(1,105)|274,066|

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Page 20

Canterbury Umbrella (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

15. Statement of funds (continued)

Statement of funds - prior year

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Balance|at| |Balance|at|Gains/|31|March| |1|April|2022|Income|Expenditure|(Losses)|2023| |£|£|£|£|£| |Unrestricted|funds|_| |Designated|funds| |Buildings|Maintenance|Fund|60,000|-|-|-|60,000| |;|General|funds|;| |General|Purpose|Fund|210,928|127,290|(187,978)|(2,833)|147,407| |Total|Unrestricted funds|270,928|127,290|~—« (187,978)|(2,833)|207,407| |Restricted|funds| |Building|Fund|177,536|-|(2,612)|-|174,924| |Art Group|Fund|1,746|351|(743)|-|1,354| |Garden|Furniture|Fund|1,154|-|(423)|-|731| |CCC|Wellbeing|&|Support| |Fund|2,071|-|-|-|2,071| |Kent Community|Foundation| |Fund|96|-|(93)|-|3| |CCC|Parent|Power|Project| |Fund|600|-|-|-|600| |The|Percy|Bilton|Charity|Fund|1,360|-|(1,320)|-|40| |Food|Parcel|Fund|6,425|604|(2,124)|-|4,905| |Cafe|Furniture|Fund|5,000|-|-|)|-|5,000| |The|Rotary Club|298|5,147|(4,443)|-|1,002| |Kent|Community|Foundation|-| |Consultancy|450|-|-|-|450| |Streynsham's|Trust|Kitchen| |Update|-|500|-|-|500| |Streynsham's|Trust|Interactive| |Whiteboard|-|400|-|-|400| |196,736|7,002|(11,758)|-|191,980| |Total|of funds|467,664|134,292|(199,736)|(2,833)|399,387|

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Page 21

Canterbury Umbrella (A company limited by guarantee)

Notes to the financial statements

for the year ended 31 March 2024

Designated funds

The Building Maintenance Fund represents funds that the Trustees have set aside for future significant costs relating to the maintenance of the buildings.

Restricted funds

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The Building Fund represents donations and funds raised for the specific purpose of building the Canterbury Umbrella Centre.

The Art Group Fund represents monies raised for running the art group at the Centre.

The Garden Furniture Fund represents monies received to purchase new garden furniture for the outdoor areas.

The CCC Wellbeing & Support Fund represents monies received to support promotion costs to attract new members.

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The Kent Community Foundation Fund represents monies received with regards to a telephone support worker along with direct phone costs, supervision and video equipment.

The CCC Parent Power Project Fund represents monies received for a young person's support programme.

The Percy Bilton Charity Fund represents monies received to purchase laptops and laptop storage.

The Website Development Fund represents monies received to support website development costs.

The Food Parcel] Fund represents donations received for the purpose of providing food parcels.

The CCC Rise Development Programme Fund represents monies received for 2021/22 staff salaries.

The Cafe Furniture Fund represents monies received for tables and armchairs for the cafe.

The Rotary Club Fund represents monies received for the provision of support for Ukrainian refugees.

The KCF Fund for Consultancy represents monies received for the provision of consultancy services for the charity.

)

The Streynsham's Trust Kitchen Update Fund represents monies received for the kitchen.

The Streynsham's Trust Interactive Whiteboard Fund represents monies received for an interactive whiteboard. ;

The St Dunstans PCC Flower Basket Fund represents monies received for flower baskets.

The Ukraine Community Kobler Trust A Fund represents monies received ro support the use of the Centre by Ukranian families.

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Page 22

Canterbury Umbrella

;

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

|

16. Analysis of net assets between funds

Analysis of net assets between funds - current year

Restricted Unrestricted Total
funds funds funds
2024 2024 2024
£ £ £
Tangible fixed assets 172,315 - 172,315
Current assets 41,771 98,624 110,395
Creditors due within oneyear - (8,644) (8,644)
Total 184,086 89,980 274,066
Analysis of net assets betweenfunds - prior period
, Restricted Unrestricted Total
funds funds funds
2023 2023 2023
£ £ £
Tangible fixed assets 174,982 211 175,193
Fixed asset investments - 132,311 132,311
Current assets 16,998 85,324 102,322
*
Creditors due within one year - (10,439) (10,439)
Total
;		 191,980 207,407 399,387

17. Pension commitments

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity and amounted to £1,725 (2023: £2,002).

At the year end, £481 (2023: £479) was payable to the pension fund and is included within other creditors.

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Canterbury Umbrella

(A company limited by guarantee)

Notes to the financial statements

for the year ended 31 March 2024

18. Operating lease commitments

At 31 March 2024 the charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:

2024 2023
£ £
Within 1 year 2,274 2,632
Between 1 and 5 years 4,800 5,874
.
Later than 5 years 73,800 75,000
Total 80,874 83,506

19. _ Related party transactions

There were no transactions with related parties during the year (2023 - none).

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