Trustees’ Annual Report for the period
From 1.1.2022 Period start date To 31.12.2022 Period end date
Charity name: Ringlestone Community Centre Development Group Charity registration number: 1154020
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | (1) To benefit the residents of Ringlestone, Springfield and the surrounding neighbourhood, in particular but not exclusively, children, young people, families, vulnerable adults and the elderly by associating together the said residents and the local authorities, St. Faith’s Church, voluntary and other organisations in a common effort to advance education, and to provide facilities in the interests of social welfare and for recreation and leisure time occupation with the objective of improving the conditions of life for the residents, for the benefit of the public. (2) To establish or secure the establishment of a community centre and to maintain or manage or co- operate with any statutory authority in the maintenance and management of such a centre for activities promoted by the charity in furtherance of the above objects. (3) To advance the Christian religion for the benefit of the public. (4) Any other object that is exclusively charitable under the laws of England and Wales. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The Charity trustees have been primarily engaged in working with the project team and contractors as the new Centre was being built throughout 2022, and raising funds to cover the costs of the new Centre. The Trustees have kept the local residents informed of the building progress and many local residents have commented favourably to the builders and contractors as they have watched the building take shape. The Contractors enabled a Christmas service to be held in the semi-completed Main Hall in December 2022, with lighting and decorations supplied, which was well attended by local residents. |
| Statement confirming whether the trustees have |
Para 1.18 | The Trustees have continued to have regard to the Charity Commission’s |
had regard to the guidance issued by the Charity Commission on public benefit
guidance on public benefit – completing the new Centre, to be known as St Faith’s Centre, will enable the Charity to deliver the services in their Objects.
Additional information (optional)
| Additional information (optional) | Additional information (optional) | Additional information (optional) |
|---|---|---|
| You may choose to include further statements where relevant about: | ||
| SORP reference | ||
| Policy on grant making | Para 1.38 | N/A |
| Policy on social investment including program related investment |
Para 1.38 | N/A |
| Contribution made by volunteers |
Para 1.38 | Volunteers have assisted the Trustees in fund-raising for the new Centre |
| Other |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | The main achievements of the charity have been to fundraise, secure grants and donations towards the building costs, and ensure the cashflow meets the requirement to pay the builder and other contractors, especially as the original projected costs increased significantly due to the impact of the Pandemic and the war in Ukraine on availability and cost of building materials. Decisions about interior fixtures and fittings have been required, to achieve best value while fulfilling what is needed to deliver an excellent building. Trustees have spent many hours working with the Contractors with regular site meetings as the building progressed. They have spent time preparing policies and procedures for when the building is finished and the Centre becomes operational. |
| Additional information (optional) You may choose to include further statements where relevant about: |
||
| Achievements against | Para 1.41 | Successful applications for grants and donations were made throughout the year, including S.106 developer contributions via |
| objectives set | Maidstone Borough Council. The principles of eco-friendly design, fixtures and fittings have been put into practice throughout the build including solar panels on the roof, a battery to store energy, insulation, triple-glazed windows, a timber-framed building. |
|
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | The accounts demonstrate the success of securing Income to meet the Building costs. |
| Investment performance against objectives |
Para 1.41 | Although interest rates were very low, some capital was held in a savings account to achieve additional funds. |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The invoices to meet building costs have all been paid when they were due; much of the building is complete and shown as a fixed asset in the accounts. The Charity has funds available at year end. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The bank balance will meet future building costs. The Trustees amended their policy to keep £1000 in reserve. |
| Amount of reserves held | Para 1.22 | Cash in hand at the bank at year end is £189k |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
Additional information (optional)
You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | Sources of funds, as detailed in the accounts, have been from individual donations, grants from trusts and S.106 grants from Maidstone Borough Council. Future revenue funding towards the cost of recruiting and hiring a Centre Manager has been secured from the National Lottery. |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | Available funds have been transferred to a savings account to earn some interest. |
| A description of the principal risks facing the charity |
Para 1.46 | As building costs have increased significantly beyond the original projection, due to the impact of the Pandemic and the war in Ukraine on all construction projects, the Charity may face a shortfall in funds to complete the Centre. It is planned to request and draw on the offer of loans to cover any shortfall, from both individual donors and Canterbury Diocese while continuing to apply for additional grants. |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution of a Charitable Incorporated Organisation |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO - Foundation Model |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Trustees are appointed by the existing trustees having regard to skills and experience required. Trustees will be appointed for a period of 3 years. Of the trustees, at least 3 should live in the parish and 60% should be members of St Faith’s Church. The Priest-in-Charge of St Faith’s Church will automatically be a Trustee, ex- officio, for as long as they are in post. Ringlestone Community Association is entitled to appoint one trustee. |
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees |
Para 1.51 |
New trustees will be given a copy of the current version of the constitution; and a copy of the CIO’s latest Trustees’ Annual Report and statement of accounts. |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | The Trustees will elect a Chair, Secretary and Treasurer. Any decision may be taken either: at a meeting of the charity trustees; or by resolution in writing or electronic form agreed by all of the charity trustees, which may comprise either a single document or several documents containing the text of the resolution in like form to each of which one or more charity trustees has signified their agreement. |
| Relationship with any related parties |
Para 1.51 | The Charity works closely with St Faith’s PCC and is planning to draw up a joint Memorandum of Understanding as to how the 2 bodies will work together when the Centre is complete and operational. |
| Other |
Reference and Administrative details
| Charity name | Ringlestone Community Centre Development Group |
|---|---|
| Other name the charity uses | RCCDG |
| Registered charity number | 1154020 |
Charity’s principal address St Faith’s Centre, Moncktons Lane, Maidstone, ME14 2PY
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Rose Henn-Macrae | Chair | |||
| Canon Arthur Houston |
Ex-Officio as Priest-in- Charge of St Faith’s Church |
|||
| Liz Druker | Secretary | |||
| Keith Settle | Treasurer | |||
| Coral Stimson | Ringlestone Community Association |
|||
| Fran Butler | ||||
| Sir John Young | ||||
| Sue Shaw | Appointed March 22 | |||
| Dale Nurden | ||||
| Zoe Adams | Appointed May22 | |||
| Simon Rogers | March to September 2022 |
|||
– Corporate trustees names of the directors at the date the report was approved Director name N/A
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| N/A | ||
Funds held as custodian trustees on behalf of others
Description of the assets N/A held in this capacity
Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Rosemary Henn-Macrae Position (eg Secretary, Chair of Trustees Chair, etc) Date 14.10.24
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP
ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
LEVICKS Chartered Accountants and Business Advisers 61 London Road Maidstone Kent ME16 8TX
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
Page 1
Reference and administrative information
The first trustees were appointed by the Parochial Church Council of St Faith’s Church Maidstone. Additional trustees are appointed by the existing trustees.
During the year the following served as trustees of the charity
Rev Canon Arthur Houston Dale Nurden Rose Henn-Macrae Susan Shaw Keith Settle Elizabeth Druker Sir John Young Frances Butler Coral Stimson Zoe Adams
Bankers: Natwest Independent Examiner: J A Griggs FCA Levicks Chartered Accountants & Business Advisors 61 London Road, Maidstone, Kent ME16 8TX Registered charity number: 1154020 Registered Address: St Faith’s Centre Moncktons Lane Maidstone ME14 2PY Website: www.stfaithscentre.uk
Structure, governance and management
Ringlestone Community Centre Development Group was formed to build and develop a community centre both for worship and community use by the people of Ringlestone and Springfield Maidstone, replacing the old St Faith’s Hall in Ringlestone. The building project started with contractors on site from October 2021, and was completed in July 2023 and is now open for use. The charity is constituted as a Charitable Incorporated Organisation and registered with the Charity Commission on 1 October 2013.
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP Page 2 ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)
Trustees and Management
The recruitment of trustees is through clear communication with users of the centre and represents the diversity of the congregation and centre users through its spread of ages, experiences and cultural backgrounds. The method of appointment is laid out in the charity constitution. New members are given a general introduction and welcome, with specific explanations as required.
There is a finance committee consisting of the chair, the treasurer and suitably experienced nominated trustees which meets from time to time to make decisions about practical administration and to monitor finances.
Objectives and activities
The objects of the charity are:
-
(1) To benefit the residents of Ringlestone, Springfield and the surrounding neighbourhood, in particular but not exclusively, children, young people, families, vulnerable adults and the elderly by associating together the said residents and the local authorities, St Faith’s church, voluntary and other organisations in a common effort to advance education, and to provide facilities in the interests of social welfare and for recreation and leisure time occupation with the objective of improving the conditions of life for the residents, for the benefit of the public.
-
(2) To establish or secure the establishment of a community centre and to maintain or co-operate with any statutory authority in the maintenance and management of such a centre for activities promoted by the charity in the furtherance of the above objects.
-
(3) To advance the Christian religion for the benefit of the public
-
(4) Any other object that is exclusively charitable under the Laws of England and Wales
Achievements and performance
Construction of the new church and community centre, St Faith’s Centre, began in October 2021 and was expected to be completed by the end of 2022 at first, later revised to July 2023 largely due to delays in the material supply chain and complexity of the building.
We continue to have good local community links with the Ringlestone Community Association who are firmly represented in the Ringlestone Community Centre Development Group.
Financial Review
Restricted funds stand at £1,191,970 and are detailed in the financial statements. Gross income of £867,632 was received, the majority of which has been used to fund the construction of the new community and worship centre in Ringlestone. Cash funds of £189,305 were carried forward into 2023/24. Some of this is to be used to complete the building of the centre. Any surplus funds will be used for ongoing maintenance and enhancement of the centre.
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP Page 3 ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)
Reserves Policy
The trustees aim to build a healthy balance if possible on unrestricted funds to cover emergency situations that may arise. To date, all income received by the charity has been raised in respect of establishment of the centre. The centre is now open for use and so able to generate unrestricted income to be used for the continued maintenance and upkeep of the building and its facilities.
Arthur Houston
5 March 2024
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF Page 4 RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP FOR THE YEAR ENDED 31 DECEMBER 2022
I report on the accounts of the Ringlestone Community Centre Development Group for the year ended 31 December 2022 which are set out on Page 5 to 12.
Respective responsibilities of trustees and examiner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the General Directions given by the Charity Commissioner under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
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 the seeking of 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
In connection with my examination, no material matters have come to my attention which give me cause to believe that in any material respect:
-
the accounting records were not kept in accordance with section 130 of the 2011 Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of the accounts other than any requirement to show a ‘true and fair’ view, which is not a matter considered as part of an independent examination.
I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
61 London Road J A Griggs FCA Maidstone LEVICKS Kent Chartered Accountants & Business Advisers ME16 8TX
23 July 2024
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP Page 5
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
| Unrestricted | Restricted | ||||
|---|---|---|---|---|---|
| Funds | Funds | Total | |||
| 2022 | 2021 | ||||
| Note | £ | £ | £ | £ | |
| INCOME FROM: | |||||
| Donations and legacies | 3 | - | 252,813 | 252,813 | 191,272 |
| Charitable activities | - | - | - | - | |
| Investments | 4 | - | - | - | 612 |
| Other | 5 | - | 614,819 | 614,819 | - |
| _____ | ______ | ______ | ______ | ||
| TOTAL INCOME | - | 867,632 | 867,632 | 191,884 | |
| _____ | ______ | ______ | ______ | ||
| EXPENDITURE ON: | |||||
| Charitable activities | 6 | - | 746 | 746 | 464 |
| Other | 7 | - | 1,140 | 1,140 | - |
| _____ | ______ | ______ | ______ | ||
| TOTAL EXPENDITURE | - | 1,886 | 1,886 | 464 | |
| _____ | ______ | ______ | ______ | ||
| NET INCOME/(EXPENDITURE) | - | 865,746 | 865,746 | 191,420 | |
| AND MOVEMENT IN FUNDS | |||||
| RECONCILATION OF FUNDS: | |||||
| Balances brought forward | - | 326,224 | 326,224 | 134,804 | |
| _ | ______ | ______ | ______ | ||
| Balances carried forward | - | 1,191,970 | 1,191,970 | 326,224 | |
| _ | ______ | ______ | ______ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP
Page 6
BALANCE SHEET
AS AT 31 DECEMBER 2022
| Note FIXED ASSETS Tangible assets CURRENT ASSETS: 8 Cash at bank LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR 9 TOTAL NET ASSETS CHARITY FUNDS 10 Unrestricted Restricted 11 |
2022 £ 1,004,605 189,305 1,193,910 1,940 1,191,970 - 1,191,970 1,191,970 |
2021 £ 120,521 205,703 |
|---|---|---|
| 326,224 - |
||
| 326,224 | ||
| - 326,224 |
||
| 326,224 |
The trustees confirm, in accordance with the Charitable Incorporated Organisations (General) Regulations 2012, that at the year end the CIO did not have any outstanding guarantees to third parties nor any debts secured on the assts of the CIO.
We approve these accounts and confirm we have made available all relevant records and information for their preparation.
Keith Settle – Treasurer
Arthur Houston – Trustee
5 March 2024
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP NOTES TO THE ACCOUNTS
Page 7
FOR THE YEAR ENDED 31 DECEMBER 2022
1. ACCOUNTING POLICIES
a) Basis of preparation and assessment of going concern
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard FRS 102 and the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.
b) Funds structure
General funds represent the funds of the charity that are not subject to any special restrictions regarding their use and are available for application on the general purposes of the charity. Funds designated for a particular purpose by the charity are also unrestricted. Funds designated for a particular purpose by persons or organisations independent of the charity are treated as restricted funds.
c) Income recognition
Donations are recognised when received by the charity treasurer.
Income tax recoverable on gift aid donations is recognised as it accrues.
Grants and Legacies to the charity are accounted for as soon as the charity is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the charity is probable.
Interest is accounted for when received. Interest received on monies held which include restricted and unrestricted funds, is allocated between those funds on a proportional basis.
d) Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis.
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP NOTES TO THE ACCOUNTS (CONTINUED)
Page 8
FOR THE YEAR ENDED 31 DECEMBER 2022
1. ACCOUNTING POLICIES (cont’d)
e) Tangible fixed assets and depreciation
Fixtures, fittings and office equipment where the charity is free to dispose of such assets written off in the SOFA as incurred where expenditure does not exceed £500.
Depreciation is provided on the cost less residual value over the anticipated useful economic life of the asset at the following rates. Where residual value exceeds cost no depreciation is provided.
Community centre – nil Fixtures and fittings – 15% reducing balance
f) Current assets
Amounts owed to the charity at the year end are shown as debtors, less provision for amounts that may prove uncollectible.
g) Current liabilities
Creditors and accruals represent sums irrevocably committed for payment prior to the balance sheet date which were not settled at that date.
2. STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES, AND THE COST OF KEY MANAGEMENT PERSONNEL
The charity does not have any employees and no key management personnel are paid by the charity.
No charity trustee or related party to the charity or trustees has been paid or is payable remuneration or expenses from the funds of the charity.
There were no donations made to the charity, by trustees, with conditions attached.
The aggregate of trustee donations without conditions was £13,170.
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP Page 9 NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
| 2022 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|
| £ | £ | £ | |||||
| Unrestricted | Restricted | Total | |||||
| 3. | DONATIONS AND LEGACIES | ||||||
| Gift aid donations | - | 30,960 | 56,253 | ||||
| Income tax recoverable on gift aid donations | - | 29,933 | - | ||||
| Donations | - | 6,586 | 14,363 | ||||
| Grants | - | 185,334 | 120,656 | ||||
| ______ | _____ | ______ | |||||
| - | 252,813 | 191,272 | |||||
| ______ | _____ | ______ | |||||
| 2022 | 2022 | 2021 | |||||
| £ | £ | £ | |||||
| Unrestricted | Restricted | Total | |||||
| 4. | INVESTMENT INCOME | ||||||
| Deposit account interest | - | - | 612 | ||||
| _____ | _____ | ______ | |||||
| 5. | OTHER | ||||||
| S106 grant | - | 208,091 | - | ||||
| St Faith’s Church sale proceeds | - | 372,429 | - | ||||
| Sale of chattels | - |
- | |||||
| Sale of St Faith’s Church investment BP shares | - | 24,185 | - | ||||
| Transfer of St Faith’s Church CCLA account | - | 10,114 | - | ||||
| _____ | _____ | _____ | |||||
| - | 614,819 | - | |||||
| ______ | _____ | ______ | |||||
| 6. | CHARITABLE ACTIVITIES | ||||||
| ACRE subscription | - | 60 | 52 | ||||
| Bank charges | - | 11 | - | ||||
| Advertising | - | 369 | - | ||||
| Legal costs | - | - | 412 | ||||
| Administration | - | 187 | - | ||||
| Depreciation | - | 119 | - | ||||
| ______ | _____ | ______ | |||||
| - | 746 | 464 | |||||
| ______ | _____ | ______ |
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP Page 10 NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
| 2022 | 2022 | 2021 | |
|---|---|---|---|
| £ | £ | £ | |
| Unrestricted | Restricted | Total | |
| 7. OTHER | |||
| Independent examiners fees | - | 1,140 | - |
| _____ | _____ | _____ | |
| - | 1,140 | - | |
| _____ | _____ | _____ | |
| 8. TANGIBLE FIXED ASSETS |
| Cost Balance b/f Additions Balance c/f Depreciation Balance b/f Provision for the year Balance c/f Net book value 31 December 2022 Net book value 31 December 2021 |
Community & Worship Centre 120,521 883,404 1,003,925 - - - 1,003,925 120,521 |
Fixtures & Fittings - 799 799 - 119 119 680 - |
Total 120,521 884,203 |
|---|---|---|---|
| 1,004,724 | |||
| - 119 |
|||
| 119 | |||
| 1,004,724 | |||
| 120,521 |
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP
Page 11
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
9. LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors - | independent examination | 1,140 | - |
| - | reimbursement to St Faith’s Church | 800 | - |
| ______ | ______ | ||
| 1,940 | - | ||
| ______ | ______ |
10. ANALYSIS OF NET ASSETS BY FUND
Year ended 31 December 2022
| Year ended 31 December 2022 | |||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| Fund | Funds | Funds | |
| £ | £ | £ | |
| Fixed assets | |||
| Tangible assets | - | 1,004,605 | 1,004,605 |
| Current Assets | |||
| Cash at bank | - | 189,305 | 189,305 |
| Current liabilities | - |
(1,940) | (1,940) |
| ______ | ______ | ______ | |
| Fund balance |
- |
1,191,970 |
1,191,970 |
| Year ended 31 December 2021 | |||
| Fixed assets | |||
| Tangible assets | - | 120,521 | 120,521 |
| Current Assets | |||
| Cash at bank | - | 205,703 | 205,703 |
| ______ | ______ | ______ | |
| Fund balance |
- |
326,224 |
326,224 |
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP
Page 12
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
11. RESTRICTED FUNDS
The restricted fund represents the construction costs of the Ringlestone Community and Worship Centre .
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP
ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
LEVICKS Chartered Accountants and Business Advisers 61 London Road Maidstone Kent ME16 8TX
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
Page 1
Reference and administrative information
The first trustees were appointed by the Parochial Church Council of St Faith’s Church Maidstone. Additional trustees are appointed by the existing trustees.
During the year the following served as trustees of the charity
Rev Canon Arthur Houston Dale Nurden Rose Henn-Macrae Susan Shaw Keith Settle Elizabeth Druker Sir John Young Frances Butler Coral Stimson Zoe Adams
Bankers: Natwest Independent Examiner: J A Griggs FCA Levicks Chartered Accountants & Business Advisors 61 London Road, Maidstone, Kent ME16 8TX Registered charity number: 1154020 Registered Address: St Faith’s Centre Moncktons Lane Maidstone ME14 2PY Website: www.stfaithscentre.uk
Structure, governance and management
Ringlestone Community Centre Development Group was formed to build and develop a community centre both for worship and community use by the people of Ringlestone and Springfield Maidstone, replacing the old St Faith’s Hall in Ringlestone. The building project started with contractors on site from October 2021, and was completed in July 2023 and is now open for use. The charity is constituted as a Charitable Incorporated Organisation and registered with the Charity Commission on 1 October 2013.
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP Page 2 ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)
Trustees and Management
The recruitment of trustees is through clear communication with users of the centre and represents the diversity of the congregation and centre users through its spread of ages, experiences and cultural backgrounds. The method of appointment is laid out in the charity constitution. New members are given a general introduction and welcome, with specific explanations as required.
There is a finance committee consisting of the chair, the treasurer and suitably experienced nominated trustees which meets from time to time to make decisions about practical administration and to monitor finances.
Objectives and activities
The objects of the charity are:
-
(1) To benefit the residents of Ringlestone, Springfield and the surrounding neighbourhood, in particular but not exclusively, children, young people, families, vulnerable adults and the elderly by associating together the said residents and the local authorities, St Faith’s church, voluntary and other organisations in a common effort to advance education, and to provide facilities in the interests of social welfare and for recreation and leisure time occupation with the objective of improving the conditions of life for the residents, for the benefit of the public.
-
(2) To establish or secure the establishment of a community centre and to maintain or co-operate with any statutory authority in the maintenance and management of such a centre for activities promoted by the charity in the furtherance of the above objects.
-
(3) To advance the Christian religion for the benefit of the public
-
(4) Any other object that is exclusively charitable under the Laws of England and Wales
Achievements and performance
Construction of the new church and community centre, St Faith’s Centre, began in October 2021 and was expected to be completed by the end of 2022 at first, later revised to July 2023 largely due to delays in the material supply chain and complexity of the building.
We continue to have good local community links with the Ringlestone Community Association who are firmly represented in the Ringlestone Community Centre Development Group.
Financial Review
Restricted funds stand at £1,191,970 and are detailed in the financial statements. Gross income of £867,632 was received, the majority of which has been used to fund the construction of the new community and worship centre in Ringlestone. Cash funds of £189,305 were carried forward into 2023/24. Some of this is to be used to complete the building of the centre. Any surplus funds will be used for ongoing maintenance and enhancement of the centre.
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP Page 3 ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)
Reserves Policy
The trustees aim to build a healthy balance if possible on unrestricted funds to cover emergency situations that may arise. To date, all income received by the charity has been raised in respect of establishment of the centre. The centre is now open for use and so able to generate unrestricted income to be used for the continued maintenance and upkeep of the building and its facilities.
Arthur Houston
5 March 2024
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF Page 4 RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP FOR THE YEAR ENDED 31 DECEMBER 2022
I report on the accounts of the Ringlestone Community Centre Development Group for the year ended 31 December 2022 which are set out on Page 5 to 12.
Respective responsibilities of trustees and examiner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the General Directions given by the Charity Commissioner under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
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 the seeking of 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
In connection with my examination, no material matters have come to my attention which give me cause to believe that in any material respect:
-
the accounting records were not kept in accordance with section 130 of the 2011 Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of the accounts other than any requirement to show a ‘true and fair’ view, which is not a matter considered as part of an independent examination.
I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
61 London Road J A Griggs FCA Maidstone LEVICKS Kent Chartered Accountants & Business Advisers ME16 8TX
23 July 2024
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP Page 5
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
| Unrestricted | Restricted | ||||
|---|---|---|---|---|---|
| Funds | Funds | Total | |||
| 2022 | 2021 | ||||
| Note | £ | £ | £ | £ | |
| INCOME FROM: | |||||
| Donations and legacies | 3 | - | 252,813 | 252,813 | 191,272 |
| Charitable activities | - | - | - | - | |
| Investments | 4 | - | - | - | 612 |
| Other | 5 | - | 614,819 | 614,819 | - |
| _____ | ______ | ______ | ______ | ||
| TOTAL INCOME | - | 867,632 | 867,632 | 191,884 | |
| _____ | ______ | ______ | ______ | ||
| EXPENDITURE ON: | |||||
| Charitable activities | 6 | - | 746 | 746 | 464 |
| Other | 7 | - | 1,140 | 1,140 | - |
| _____ | ______ | ______ | ______ | ||
| TOTAL EXPENDITURE | - | 1,886 | 1,886 | 464 | |
| _____ | ______ | ______ | ______ | ||
| NET INCOME/(EXPENDITURE) | - | 865,746 | 865,746 | 191,420 | |
| AND MOVEMENT IN FUNDS | |||||
| RECONCILATION OF FUNDS: | |||||
| Balances brought forward | - | 326,224 | 326,224 | 134,804 | |
| _ | ______ | ______ | ______ | ||
| Balances carried forward | - | 1,191,970 | 1,191,970 | 326,224 | |
| _ | ______ | ______ | ______ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP
Page 6
BALANCE SHEET
AS AT 31 DECEMBER 2022
| Note FIXED ASSETS Tangible assets CURRENT ASSETS: 8 Cash at bank LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR 9 TOTAL NET ASSETS CHARITY FUNDS 10 Unrestricted Restricted 11 |
2022 £ 1,004,605 189,305 1,193,910 1,940 1,191,970 - 1,191,970 1,191,970 |
2021 £ 120,521 205,703 |
|---|---|---|
| 326,224 - |
||
| 326,224 | ||
| - 326,224 |
||
| 326,224 |
The trustees confirm, in accordance with the Charitable Incorporated Organisations (General) Regulations 2012, that at the year end the CIO did not have any outstanding guarantees to third parties nor any debts secured on the assts of the CIO.
We approve these accounts and confirm we have made available all relevant records and information for their preparation.
Keith Settle – Treasurer
Arthur Houston – Trustee
5 March 2024
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP NOTES TO THE ACCOUNTS
Page 7
FOR THE YEAR ENDED 31 DECEMBER 2022
1. ACCOUNTING POLICIES
a) Basis of preparation and assessment of going concern
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard FRS 102 and the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.
b) Funds structure
General funds represent the funds of the charity that are not subject to any special restrictions regarding their use and are available for application on the general purposes of the charity. Funds designated for a particular purpose by the charity are also unrestricted. Funds designated for a particular purpose by persons or organisations independent of the charity are treated as restricted funds.
c) Income recognition
Donations are recognised when received by the charity treasurer.
Income tax recoverable on gift aid donations is recognised as it accrues.
Grants and Legacies to the charity are accounted for as soon as the charity is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the charity is probable.
Interest is accounted for when received. Interest received on monies held which include restricted and unrestricted funds, is allocated between those funds on a proportional basis.
d) Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis.
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP NOTES TO THE ACCOUNTS (CONTINUED)
Page 8
FOR THE YEAR ENDED 31 DECEMBER 2022
1. ACCOUNTING POLICIES (cont’d)
e) Tangible fixed assets and depreciation
Fixtures, fittings and office equipment where the charity is free to dispose of such assets written off in the SOFA as incurred where expenditure does not exceed £500.
Depreciation is provided on the cost less residual value over the anticipated useful economic life of the asset at the following rates. Where residual value exceeds cost no depreciation is provided.
Community centre – nil Fixtures and fittings – 15% reducing balance
f) Current assets
Amounts owed to the charity at the year end are shown as debtors, less provision for amounts that may prove uncollectible.
g) Current liabilities
Creditors and accruals represent sums irrevocably committed for payment prior to the balance sheet date which were not settled at that date.
2. STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES, AND THE COST OF KEY MANAGEMENT PERSONNEL
The charity does not have any employees and no key management personnel are paid by the charity.
No charity trustee or related party to the charity or trustees has been paid or is payable remuneration or expenses from the funds of the charity.
There were no donations made to the charity, by trustees, with conditions attached.
The aggregate of trustee donations without conditions was £13,170.
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP Page 9 NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
| 2022 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|
| £ | £ | £ | |||||
| Unrestricted | Restricted | Total | |||||
| 3. | DONATIONS AND LEGACIES | ||||||
| Gift aid donations | - | 30,960 | 56,253 | ||||
| Income tax recoverable on gift aid donations | - | 29,933 | - | ||||
| Donations | - | 6,586 | 14,363 | ||||
| Grants | - | 185,334 | 120,656 | ||||
| ______ | _____ | ______ | |||||
| - | 252,813 | 191,272 | |||||
| ______ | _____ | ______ | |||||
| 2022 | 2022 | 2021 | |||||
| £ | £ | £ | |||||
| Unrestricted | Restricted | Total | |||||
| 4. | INVESTMENT INCOME | ||||||
| Deposit account interest | - | - | 612 | ||||
| _____ | _____ | ______ | |||||
| 5. | OTHER | ||||||
| S106 grant | - | 208,091 | - | ||||
| St Faith’s Church sale proceeds | - | 372,429 | - | ||||
| Sale of chattels | - |
- | |||||
| Sale of St Faith’s Church investment BP shares | - | 24,185 | - | ||||
| Transfer of St Faith’s Church CCLA account | - | 10,114 | - | ||||
| _____ | _____ | _____ | |||||
| - | 614,819 | - | |||||
| ______ | _____ | ______ | |||||
| 6. | CHARITABLE ACTIVITIES | ||||||
| ACRE subscription | - | 60 | 52 | ||||
| Bank charges | - | 11 | - | ||||
| Advertising | - | 369 | - | ||||
| Legal costs | - | - | 412 | ||||
| Administration | - | 187 | - | ||||
| Depreciation | - | 119 | - | ||||
| ______ | _____ | ______ | |||||
| - | 746 | 464 | |||||
| ______ | _____ | ______ |
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP Page 10 NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
| 2022 | 2022 | 2021 | |
|---|---|---|---|
| £ | £ | £ | |
| Unrestricted | Restricted | Total | |
| 7. OTHER | |||
| Independent examiners fees | - | 1,140 | - |
| _____ | _____ | _____ | |
| - | 1,140 | - | |
| _____ | _____ | _____ | |
| 8. TANGIBLE FIXED ASSETS |
| Cost Balance b/f Additions Balance c/f Depreciation Balance b/f Provision for the year Balance c/f Net book value 31 December 2022 Net book value 31 December 2021 |
Community & Worship Centre 120,521 883,404 1,003,925 - - - 1,003,925 120,521 |
Fixtures & Fittings - 799 799 - 119 119 680 - |
Total 120,521 884,203 |
|---|---|---|---|
| 1,004,724 | |||
| - 119 |
|||
| 119 | |||
| 1,004,724 | |||
| 120,521 |
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP
Page 11
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
9. LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors - | independent examination | 1,140 | - |
| - | reimbursement to St Faith’s Church | 800 | - |
| ______ | ______ | ||
| 1,940 | - | ||
| ______ | ______ |
10. ANALYSIS OF NET ASSETS BY FUND
Year ended 31 December 2022
| Year ended 31 December 2022 | |||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| Fund | Funds | Funds | |
| £ | £ | £ | |
| Fixed assets | |||
| Tangible assets | - | 1,004,605 | 1,004,605 |
| Current Assets | |||
| Cash at bank | - | 189,305 | 189,305 |
| Current liabilities | - |
(1,940) | (1,940) |
| ______ | ______ | ______ | |
| Fund balance |
- |
1,191,970 |
1,191,970 |
| Year ended 31 December 2021 | |||
| Fixed assets | |||
| Tangible assets | - | 120,521 | 120,521 |
| Current Assets | |||
| Cash at bank | - | 205,703 | 205,703 |
| ______ | ______ | ______ | |
| Fund balance |
- |
326,224 |
326,224 |
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP
Page 12
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
11. RESTRICTED FUNDS
The restricted fund represents the construction costs of the Ringlestone Community and Worship Centre .