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Trustees’ Annual Report for the period
From 1.1.2023 Period start date To 31.12.2023 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 |
For the first half of 2023 the Trustees were engaged in working with the contractors to finish building St Faith’s Centre, the church and community centre, which was completed and handed over on Friday July 28th. The Bishop of Dover formally dedicated the Centre at a service on Sunday July 30thand the local KCC Member and great supporter of the project, Ian Chittenden, officially opened the Centre on September 30th. All the key contractors were invited to this event and honoured for their contribution to the completed Centre, which has drawn praise from many quarters, not least the local residents who have benefited from the Centre and will continue to do so. The principal Project |
| Lead and Chair of the Trustees, Rev Arthur Houston, continued to work hard, with others, to raise additional funds to cover the increased costs of completing the building. Loans from individuals and Canterbury Diocese totalling £302,000 were offered to help with cash flow, while further grants were sought, with a potential pay back period up to 3 and 8 years respectively. 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 watched the building take shape and be finished. Although still under construction the Centre was used as a polling station in May 23 and will continue to be the local polling station. St Faith’s Church has conducted regular services and restarted the Parent and Carer toddler group, Ringletots, at the Centre. The Trustees recruited and hired a Centre Manager in April 23, funded through a revenue grant from the National Lottery, who has been instrumental in some of the set-up of the building, and in attracting regular and one-off hirers. The Trustees agreed a 5-year contract with a local Nursery owner to set up a brand new daycare Nursery in the Centre which was opened by the Mayor of Maidstone on 30thSeptember. It finally received OFSTED registration and opened for business on 6th October 2023. |
||
|---|---|---|
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The Trustees have continued to have regard to the Charity Commission’s guidance on public benefit – completing St Faith’s Centre, moving St Faith’s Church services and activities to the Centre, recruiting a Centre Manager, recruiting volunteers, establishing new activities, opening a community café and FareShare food shop, providing a food bank, enabling the establishment of a daycare Nursery, opening up the Centre for hire and use by the local community, all of which demonstrate how the Charity is delivering services for public benefit in line with the Charity’s Objects in their Constitution. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference N/A Para 1.38 Policy on grant making
| Policy on social investment including program related investment |
Para 1.38 | The Trustees have successfully applied for grants to deliver services for the benefit of the community, including a food bank and a variety of social activities to build resilience. |
|---|---|---|
| Contribution made by volunteers |
Para 1.38 | Volunteers have continued to assist the Trustees in fund-raising for the new Centre, and following its opening new volunteers have been recruited and have become involved in offering refreshments through the café; running a varity of activities; setting up and managing a FairShare food shop; working on the garden area to prepare it for planting and completion; re- establishing Ringletots, the weekly parent/carer and toddler group which has grown and is flourishing. |
| 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 | • Working with the Contractors to complete the building of St Faith’s Centre • Fundraise, secure grants and donations towards the building costs, and ensure the cashflow met 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. • Made decisions about interior fixtures and fittings to achieve best value while fulfilling what was needed to deliver an excellent building. • Recruited and hired a Centre Manager to oversee the set-up and running of the building and its many activities and a cleaner from the local community • Contracted with a Nursery owner to hire the planned dedicated space for a daycare Nursery, one of the services highlighted as needed in surveys of the local community • Established a community café, starting small and increasing |
opening times and widening the food and drink offer over time • Recruited volunteers to help in the café and other activities • Celebrated 10 years since the Charity was established, with its main objective achieved of seeing a new Centre built and operational. All the above has created a resource for the local community which is the only one locally.
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | Successful applications for grants and donations were made throughout the year, including additional S.106 developer contributions via Maidstone Borough Council and a Crowdfunding campaign which met its financial objectives, and elicited support from a wider group of donors. 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, level access throughout, a play and garden space to the rear of the building. The Centre has been completed and opened for use. |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | The accounts demonstrate the success of securing Income to meet the Building costs, including additional grants and loans. |
| 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 | The Trustees agreed to set up a Finance Committee to oversee all matters relating to the cost of construction and running the Centre. |
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; the building was completed and is 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 | A balance has been held to meet the final retained Architect and contractor costs and in order to repay the outstanding loans, as well as restricted funds to employ the Centre Manager and specific activities. The trustees aim to build a healthy balance if possible on unrestricted funds to cover emergency situations that may arise. 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. |
| Amount of reserves held | Para 1.22 | Cash in hand at the bank at year end is £338,536 |
| 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, including a Crowdfunding campaign and a Gift Day, grants from trusts and S.106/CIL grants from Maidstone Borough Council for both building costs and revenue costs of delivering some services; hire fees from regular and one-off bookings of rooms in the Centre; donations towards the cost of food and drink from the café and the FareShare shop, both of which are open to anyone coming into the Centre. Revenue funding towards the cost of recruiting and hiring a Centre Manager comes from the National Lottery and is paid in instalments to cover 2 years’ costs. Ongoing regular monthly giving from a small number of individuals. |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | A new Charity Account was opened in December 23 including a savings account. Available and retained funds have been transferred to this account to earn some interest. |
| As building costs increased significantly beyond the originalprojection, due to the |
| A description of the principal risks facing the charity |
Para 1.46 | impact of the Pandemic and the war in Ukraine on all construction projects, the Charity faced a shortfall in funds to complete the Centre. However, the Trustees were successful in applying for additional grants, securing additional donations from the Crowdfuning campaign and individual donations and were able to draw on the offer of loans to cover the shortfall in cash flow, from both individual donors and Canterbury Diocese while continuing to apply for additional grants which are ongoing beyond 2023. As a result the building was completed, all contractors were paid, and the financial risk to the charity was eliminated as the Trustees were able to pay all invoices and establish ongoing activity which will generate unrestricted income. |
|---|---|---|
| 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 are 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 |
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. The Trustees set up a Finance Committee in February 23 and propose to set up a People and Resources Committee in 2024 as more people become involved in working or volunteering in the Centre. Grant funders will require reports as to how their grants have been spent, including footfall and use of the Centre by the community. |
| Relationship with any related parties |
Para 1.51 | The Charity works closely with St Faith’s PCC as the Centre is also the Parish Church of St Faith and drew up a jointly agreed Memorandum of Understanding in July 2023 as to how the 2 bodies will work together. This may be reviewed and amended if agreed by both parties. |
| Future plans | The Trustees proposed a 6-month strategic plan in September 2023 and will continue |
to review activities and local need to shape future plans.
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 | ||||
| Dale Nurden | ||||
| Zoe Adams | ||||
– 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) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| Rosemary Henn-Macrae | ||
Chair of Trustees |
||
| 31.10.24 | ||
| 31.10.24 |
CHARITY NUMBER: 1154020
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP
ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 DECEMBER 2023
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 2023
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 ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)
Page 2
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. The centre is now open providing a meeting place for local community groups, a community café and food bank and worship centre.
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 £2,046,238 and are detailed in the financial statements. Gross income of £894,415 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 £338,536 were carried forward into 2024/25. 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, and to run the activities of the centre now it is open.
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP Page 3 ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)
Reserves Policy
The trustees aim to build a healthy balance if possible on unrestricted funds to cover emergency situations that may arise. 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.
Keith Settle
Trustee on behalf of the board of trustees
22 October 2024
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF Page 4 RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP FOR THE YEAR ENDED 31 DECEMBER 2023
I report on the accounts of the Ringlestone Community Centre Development Group for the year ended 31 December 2023 which are set out on Page 5 to 16.
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
29 October 2024
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP Page 5 STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
| Unrestricted | Restricted | ||||
|---|---|---|---|---|---|
| Funds | Funds | Total | |||
| 2023 | 2022 | ||||
| Note | £ | £ | £ | £ | |
| INCOME FROM: | |||||
| Donations and legacies | 3a,b,c | 1,501 | 878,035 | 879,536 | 252,813 |
| Charitable activities | 3a | 14,645 | - | 14,645 | - |
| Investments | 3b | - | 234 | 234 | - |
| Other | 3c | - | - | - | 614,819 |
| _ | ______ | _ | _ | ||
| TOTAL INCOME | 16,146 | 878,269 | 894,415 | 867,632 | |
| _ | ______ | _ | ______ | ||
| EXPENDITURE ON: | |||||
| Charitable activities | 3a,b,c | 7,928 | 24,001 | 31,929 | 746 |
| Governance | 3a,c | 1,250 | - | 1,250 | 1,140 |
| _ | ______ | _ | _ | ||
| TOTAL EXPENDITURE | 9,178 | 24,001 | 33,179 | 1,886 | |
| _ | ______ | _ | _ | ||
| NET INCOME/(EXPENDITURE) | 6,968 | 854,268 | 861,236 | 865,746 | |
| AND MOVEMENT IN FUNDS | |||||
| RECONCILATION OF FUNDS: | |||||
| BALANCES BROUGHT FORWARD | - | 1,191,970 | 1,191,970 | 326,224 | |
| 1 JANUARY 2023 | |||||
| __ | __ | __ | __ | ||
| BALANCES CARRIED FORWARD | 6,968 | 2,046,238 | 2,053,206 | 1,191,970 | |
| 31 DECEMBER 2023 | __ | __ | __ | __ |
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 2023
| Note | 2023 | 2022 | |||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| FIXED ASSETS | 4 | 2,016,569 | 1,004,605 | ||
| CURRENT ASSETS | |||||
| Debtors | 5 | 4,470 | - | ||
| Cash at bank | 338,536 | 189,305 | |||
| ____ | ___ | ||||
| 343,006 | 189,305 | ||||
| ____ | ___ | ||||
| LIABILITIES: AMOUNTS | 6 | ||||
| FALLING DUE WITHIN ONE | 4,369 | 1,940 | |||
| YEAR | |||||
| ____ | ___ | ||||
| TOTAL NET CURRENT ASSETS | 338,637 | 187,365 | |||
| LIABILITIES: AMOUNTS | 7 | ||||
| FALLING DUE IN OVER ONE | 302,000 | - | |||
| YEAR | |||||
| ___ | ____ | ||||
| TOTAL NET ASSETS | 2,053,206 | 1,191,970 | |||
| ___ | ____ | ||||
| CHARITY FUNDS | |||||
| Unrestricted | 6,968 | - | |||
| Restricted | 10 | 2,046,238 | 1,191,970 | ||
| ___ | ____ | ||||
| 2,053,206 | 1,191,970 | ||||
| ___ | ____ |
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 assets of the CIO.
We approve these accounts and confirm we have made available all relevant records and information for their preparation.
Keith Settle (Treasurer) Dale Nurden (Trustee)
22 October 2024 28 October 2024
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
Page 7
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.
Shop and café income is recognised when received.
Room hire is recognised as receivable.
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.
Charitable activities includes those costs directly related to the running of the centre and the activities provided.
Governance costs includes those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examination.
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP
Page 8
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES (continued)
e) Tangible fixed assets and depreciation
Fixtures, fittings and office equipment where the charity is free to dispose of such assets is 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.
Leasehold Community and Worship 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. TRUSTEE REMUNERATION AND EXPENSES AND RELATED PARTY TRANSACTIONS
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 £1,000.
Aggregate loans to the charity by trustees amounted to £32,000.
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP
Page 9
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
3. (a) UNRESTRICTED FUND – GENERAL FUND
| INCOME Donations & legacies: Donations Charitable activities: Room hire Shop sales Investment income: Bank interest TOTAL INCOME EXPENDITURE Charitable activities: Hall hire catering Light and heat Cleaning Administration costs Bank charges General expenses Depreciation Governance Independent examination TOTAL EXPENDITURE NET INCOME / EXPENDITURE AND MOVEMENT OF FUNDS BALANCE BROUGHT FORWARD 1 JANUARY 2023 BALANCE CARRIED FORWARD 31 DECEMBER 2023 |
2023 2022 £ £ 1,501 - _ 13,166 - 1,479 - _ _ 14,645 - _ _ - - _ _ 16,146 - _ _ 420 - 2,799 - 2,096 - 2,091 - 131 - 357 - 34 - _ _ 7,928 - _ _ 1,250 - _ _ 9,178 - _ _ 6,969 - - - _ ___ 6,968 - |
|---|---|
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP Page 10 NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
3. (b) RESTRICTED FUNDS
| INCOME Donations and legacies: Donations Income tax recovered Grants Investment income: Bank interest TOTAL INCOME EXPENDITURE Charitable activities: Café costs Shop purchases Advertising Website costs General expenses Parent and toddler group Singing Repairs and maintenance Wages Training Light and heat Depreciation Governance Independent examination TOTAL EXPENDITURE NET INCOME/EXPENDITURE AND MOVEMENT IN FUNDS BALANCES BROUGHT FORWARD 1 JANUARY 2023 BALANCES CARRIED FORWARD 31 DECEMBER 2023 |
Build Fund £ 44,828 8,644 777,813 234 831,519 - - - - - - - - - - - 3,230 - 3,230 828,289 1,182,839 2,011,128 |
Media/ Publicity Fund £ - - - - - - - 694 1,001 - - - - - - - - - 1,695 (1,695) 9,131 7,436 |
Centre Manager Fund £ - - 37,500 - |
|---|---|---|---|
| 37,500 | |||
| - - - - 50 - - - 13,870 220 - 384 - |
|||
| 14,524 | |||
| 22,976 - |
|||
| 22,976 |
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP Page 11 NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
3. (b) RESTRICTED FUNDS (continued)
| INCOME Donations and legacies: Donations Income tax recovered Grants Investment income: Bank interest TOTAL INCOME EXPENDITURE Charitable activities: Café costs Shop purchases Advertising Website costs General expenses Parent and toddler group Singing Repairs and maintenance Wages Training Light and heat Depreciation Governance Independent examination TOTAL EXPENDITURE NET INCOME/EXPENDITURE AND MOVEMENT IN FUNDS BALANCES BROUGHT FORWARD 1 JANUARY 2023 BALANCES CARRIED FORWARD 31 DECEMBER 2023 |
Resilience Fund £ - - 3,500 - 3,500 640 - - - - - 400 195 - - - - - 1,235 2,265 - 2,265 |
Community Fund Ringletots Fund £ £ - - - - 4,500 1,250 - - 4,500 1,250 658 - 1,575 - - - - - - - - 1,084 - - - - - - - - - - - - - - 2,233 1,084 2,267 166 - - 2,267 166 |
Total Funds £ 44,828 8,644 824,563 234 |
|
|---|---|---|---|---|
| 878,269 | ||||
| 1,298 1,575 694 1,001 50 1,084 400 195 13,870 220 - 3,614 - |
||||
| 24,001 | ||||
| 854,268 1,191,970 |
||||
| 2,046,238 |
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP Page 12
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
3. (c) RESTRICTED FUNDS - COMPARATIVE
| . (c) RESTRICTED FUNDS - COMPARATIVE | |
|---|---|
| Media/Publicity Fund Build Fund £ £ INCOME Donations & legacies: Gift aid donations - 30,960 Income tax recoverable on gift aid donations - 29,933 Donations - 6,586 Grants 5,000 180,334 _ _ 5,000 247,813 _ _ Other: S106 grant - 208,091 St Faith’s Church sale proceeds - 372,429 Sale of St Faith’s Church investment - 24,185 Transfer of St Faith’s Church CCLA account - 10,114 _ _ - 614,819 _ _ TOTAL INCOME 5,000 862,632 _ _ EXPENDITURE Charitable activities: ACRE subscription - 60 Bank charges - 11 Website 369 - Administration - 187 Depreciation - 119 _ _ 369 377 _ _ Governance: Independent examination - 1,140 _ __ TOTAL EXPENDITURE 369 1,517 NET INCOME/EXPENDITURE AND MOVEMENT OF FUNDS 4,631 861,115 BALANCE BROUGHT FORWARD 1 JANUARY 2022 4,500 321,724 _ BALANCE CARRIED FORWARD 31 DECEMBER 2022 9,131 1,182,839 |
Total £ 30,960 29,933 6,586 185,334 _ 252,813 _ 208,091 372,429 24,185 10,114 _ 614,819 _ 867,632 _ 60 11 369 187 119 _ 746 _ 1,140 _ 1,886 |
| 865,746 326,224 __ 1,191,970 |
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP Page 13 NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
4. TANGIBLE FIXED ASSETS
| Cost Balance 1 January 2023 Additions Balance 31 December 2023 Depreciation Balance 1 January 2023 Provision for the year Balance 31 December 2023 Net book value 31 December 2023 Net book value 31 December 2022 5. DEBTORS Room hire |
Leasehold Community & Worship Centre 1,003,925 991,971 1,995,896 - - - 1,995,896 1,003,925 |
Fixtures & Fittings 799 23,641 24,440 119 3,648 3,767 20,673 680 2023 £ 4,470 __ |
Total 1,004,724 1,015,612 2,020,336 119 3,648 3,767 2,016,569 1,004,605 2022 £ - ___ |
|---|---|---|---|
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP
Page 14
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
6. LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Other creditors -independent examination | 2,390 | 1,140 |
| -Reimbursement to St Faith’s church | - | 800 |
| -Light and heat | 1,979 | - |
| __ | ___ | |
| 4,369 | 1,940 | |
| __ | ___ |
7. LIABILITIES: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Loan from St Faith’s PCC | 200,000 | - | |
| Personal loans | 102,000 | - | |
| __ | ___ | ||
| 302,000 | - | ||
| __ | ___ | ||
| 8. ANALYSIS OF NET ASSETS BY FUND | |||
| Year ended 31 December 2023 | |||
| Unrestricted | Restricted |
Total | |
| Fund | Fund | Funds | |
| £ | £ | £ | |
| Fixed assets | |||
| Tangible assets | 191 | 2,016,378 | 2,016,569 |
| Current assets | |||
| Debtors | 4,470 | - | 4,470 |
| Cash at bank | 5,536 | 333,000 | 338,536 |
| Current liabilities | |||
| Creditors | 3,229 | 1,140 | 4,369 |
| Creditors over one year | - | 302,000 | 302,000 |
| _____ | __ | __ | |
| Fund balances | 6,968 | 2,046,238 | 2,053,206 |
| _____ | __ | __ |
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP
Page 15
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
8. ANALYSIS OF NET ASSETS BY FUND (continued)
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 | |||
| Creditors | - | 1,940 | 1,940 |
| _____ | __ | __ | |
| Fund balance | - | 1,191,970 | 1,191,970 |
| _____ | __ | __ |
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP Page 16 NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
9. STAFF COSTS
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Salaries & benefits | 15,509 | - |
| Employers national insurance | - | - |
| Pension costs | - | - |
| __ | ___ | |
| 15,509 | - | |
| __ | ___ |
The average number of employees during the year was 2 (2022 – nil). None were paid more than £60,000.
10. RESTRICTED FUNDS
Building fund
This represents the construction costs of Ringlestone Community and Worship Centre.
Media/Publicity fund
Grants received to fund publicity and advertising for the new centre including set up and maintenance of the website.
Centre manager fund
Monies received to fund the post of centre manager.
Resilience fund
Funding from Maidstone Borough Council for projects supporting the local community through the cost of living crisis.
Community fund
Funding from Maidstone Borough Council to support community based projects including school meals in the holidays and a food larder.
Ringletots fund
Grants in support of the Ringlestone parent and toddler group.
CHARITY NUMBER: 1154020
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP
ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 DECEMBER 2023
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 2023
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 ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)
Page 2
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. The centre is now open providing a meeting place for local community groups, a community café and food bank and worship centre.
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 £2,046,238 and are detailed in the financial statements. Gross income of £894,415 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 £338,536 were carried forward into 2024/25. 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, and to run the activities of the centre now it is open.
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP Page 3 ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)
Reserves Policy
The trustees aim to build a healthy balance if possible on unrestricted funds to cover emergency situations that may arise. 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.
Keith Settle
Trustee on behalf of the board of trustees
22 October 2024
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF Page 4 RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP FOR THE YEAR ENDED 31 DECEMBER 2023
I report on the accounts of the Ringlestone Community Centre Development Group for the year ended 31 December 2023 which are set out on Page 5 to 16.
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
29 October 2024
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP Page 5 STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
| Unrestricted | Restricted | ||||
|---|---|---|---|---|---|
| Funds | Funds | Total | |||
| 2023 | 2022 | ||||
| Note | £ | £ | £ | £ | |
| INCOME FROM: | |||||
| Donations and legacies | 3a,b,c | 1,501 | 878,035 | 879,536 | 252,813 |
| Charitable activities | 3a | 14,645 | - | 14,645 | - |
| Investments | 3b | - | 234 | 234 | - |
| Other | 3c | - | - | - | 614,819 |
| _ | ______ | _ | _ | ||
| TOTAL INCOME | 16,146 | 878,269 | 894,415 | 867,632 | |
| _ | ______ | _ | ______ | ||
| EXPENDITURE ON: | |||||
| Charitable activities | 3a,b,c | 7,928 | 24,001 | 31,929 | 746 |
| Governance | 3a,c | 1,250 | - | 1,250 | 1,140 |
| _ | ______ | _ | _ | ||
| TOTAL EXPENDITURE | 9,178 | 24,001 | 33,179 | 1,886 | |
| _ | ______ | _ | _ | ||
| NET INCOME/(EXPENDITURE) | 6,968 | 854,268 | 861,236 | 865,746 | |
| AND MOVEMENT IN FUNDS | |||||
| RECONCILATION OF FUNDS: | |||||
| BALANCES BROUGHT FORWARD | - | 1,191,970 | 1,191,970 | 326,224 | |
| 1 JANUARY 2023 | |||||
| __ | __ | __ | __ | ||
| BALANCES CARRIED FORWARD | 6,968 | 2,046,238 | 2,053,206 | 1,191,970 | |
| 31 DECEMBER 2023 | __ | __ | __ | __ |
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 2023
| Note | 2023 | 2022 | |||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| FIXED ASSETS | 4 | 2,016,569 | 1,004,605 | ||
| CURRENT ASSETS | |||||
| Debtors | 5 | 4,470 | - | ||
| Cash at bank | 338,536 | 189,305 | |||
| ____ | ___ | ||||
| 343,006 | 189,305 | ||||
| ____ | ___ | ||||
| LIABILITIES: AMOUNTS | 6 | ||||
| FALLING DUE WITHIN ONE | 4,369 | 1,940 | |||
| YEAR | |||||
| ____ | ___ | ||||
| TOTAL NET CURRENT ASSETS | 338,637 | 187,365 | |||
| LIABILITIES: AMOUNTS | 7 | ||||
| FALLING DUE IN OVER ONE | 302,000 | - | |||
| YEAR | |||||
| ___ | ____ | ||||
| TOTAL NET ASSETS | 2,053,206 | 1,191,970 | |||
| ___ | ____ | ||||
| CHARITY FUNDS | |||||
| Unrestricted | 6,968 | - | |||
| Restricted | 10 | 2,046,238 | 1,191,970 | ||
| ___ | ____ | ||||
| 2,053,206 | 1,191,970 | ||||
| ___ | ____ |
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 assets of the CIO.
We approve these accounts and confirm we have made available all relevant records and information for their preparation.
Keith Settle (Treasurer) Dale Nurden (Trustee)
22 October 2024 28 October 2024
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
Page 7
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.
Shop and café income is recognised when received.
Room hire is recognised as receivable.
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.
Charitable activities includes those costs directly related to the running of the centre and the activities provided.
Governance costs includes those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examination.
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP
Page 8
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES (continued)
e) Tangible fixed assets and depreciation
Fixtures, fittings and office equipment where the charity is free to dispose of such assets is 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.
Leasehold Community and Worship 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. TRUSTEE REMUNERATION AND EXPENSES AND RELATED PARTY TRANSACTIONS
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 £1,000.
Aggregate loans to the charity by trustees amounted to £32,000.
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP
Page 9
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
3. (a) UNRESTRICTED FUND – GENERAL FUND
| INCOME Donations & legacies: Donations Charitable activities: Room hire Shop sales Investment income: Bank interest TOTAL INCOME EXPENDITURE Charitable activities: Hall hire catering Light and heat Cleaning Administration costs Bank charges General expenses Depreciation Governance Independent examination TOTAL EXPENDITURE NET INCOME / EXPENDITURE AND MOVEMENT OF FUNDS BALANCE BROUGHT FORWARD 1 JANUARY 2023 BALANCE CARRIED FORWARD 31 DECEMBER 2023 |
2023 2022 £ £ 1,501 - _ 13,166 - 1,479 - _ _ 14,645 - _ _ - - _ _ 16,146 - _ _ 420 - 2,799 - 2,096 - 2,091 - 131 - 357 - 34 - _ _ 7,928 - _ _ 1,250 - _ _ 9,178 - _ _ 6,969 - - - _ ___ 6,968 - |
|---|---|
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP Page 10 NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
3. (b) RESTRICTED FUNDS
| INCOME Donations and legacies: Donations Income tax recovered Grants Investment income: Bank interest TOTAL INCOME EXPENDITURE Charitable activities: Café costs Shop purchases Advertising Website costs General expenses Parent and toddler group Singing Repairs and maintenance Wages Training Light and heat Depreciation Governance Independent examination TOTAL EXPENDITURE NET INCOME/EXPENDITURE AND MOVEMENT IN FUNDS BALANCES BROUGHT FORWARD 1 JANUARY 2023 BALANCES CARRIED FORWARD 31 DECEMBER 2023 |
Build Fund £ 44,828 8,644 777,813 234 831,519 - - - - - - - - - - - 3,230 - 3,230 828,289 1,182,839 2,011,128 |
Media/ Publicity Fund £ - - - - - - - 694 1,001 - - - - - - - - - 1,695 (1,695) 9,131 7,436 |
Centre Manager Fund £ - - 37,500 - |
|---|---|---|---|
| 37,500 | |||
| - - - - 50 - - - 13,870 220 - 384 - |
|||
| 14,524 | |||
| 22,976 - |
|||
| 22,976 |
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP Page 11 NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
3. (b) RESTRICTED FUNDS (continued)
| INCOME Donations and legacies: Donations Income tax recovered Grants Investment income: Bank interest TOTAL INCOME EXPENDITURE Charitable activities: Café costs Shop purchases Advertising Website costs General expenses Parent and toddler group Singing Repairs and maintenance Wages Training Light and heat Depreciation Governance Independent examination TOTAL EXPENDITURE NET INCOME/EXPENDITURE AND MOVEMENT IN FUNDS BALANCES BROUGHT FORWARD 1 JANUARY 2023 BALANCES CARRIED FORWARD 31 DECEMBER 2023 |
Resilience Fund £ - - 3,500 - 3,500 640 - - - - - 400 195 - - - - - 1,235 2,265 - 2,265 |
Community Fund Ringletots Fund £ £ - - - - 4,500 1,250 - - 4,500 1,250 658 - 1,575 - - - - - - - - 1,084 - - - - - - - - - - - - - - 2,233 1,084 2,267 166 - - 2,267 166 |
Total Funds £ 44,828 8,644 824,563 234 |
|
|---|---|---|---|---|
| 878,269 | ||||
| 1,298 1,575 694 1,001 50 1,084 400 195 13,870 220 - 3,614 - |
||||
| 24,001 | ||||
| 854,268 1,191,970 |
||||
| 2,046,238 |
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP Page 12
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
3. (c) RESTRICTED FUNDS - COMPARATIVE
| . (c) RESTRICTED FUNDS - COMPARATIVE | |
|---|---|
| Media/Publicity Fund Build Fund £ £ INCOME Donations & legacies: Gift aid donations - 30,960 Income tax recoverable on gift aid donations - 29,933 Donations - 6,586 Grants 5,000 180,334 _ _ 5,000 247,813 _ _ Other: S106 grant - 208,091 St Faith’s Church sale proceeds - 372,429 Sale of St Faith’s Church investment - 24,185 Transfer of St Faith’s Church CCLA account - 10,114 _ _ - 614,819 _ _ TOTAL INCOME 5,000 862,632 _ _ EXPENDITURE Charitable activities: ACRE subscription - 60 Bank charges - 11 Website 369 - Administration - 187 Depreciation - 119 _ _ 369 377 _ _ Governance: Independent examination - 1,140 _ __ TOTAL EXPENDITURE 369 1,517 NET INCOME/EXPENDITURE AND MOVEMENT OF FUNDS 4,631 861,115 BALANCE BROUGHT FORWARD 1 JANUARY 2022 4,500 321,724 _ BALANCE CARRIED FORWARD 31 DECEMBER 2022 9,131 1,182,839 |
Total £ 30,960 29,933 6,586 185,334 _ 252,813 _ 208,091 372,429 24,185 10,114 _ 614,819 _ 867,632 _ 60 11 369 187 119 _ 746 _ 1,140 _ 1,886 |
| 865,746 326,224 __ 1,191,970 |
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP Page 13 NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
4. TANGIBLE FIXED ASSETS
| Cost Balance 1 January 2023 Additions Balance 31 December 2023 Depreciation Balance 1 January 2023 Provision for the year Balance 31 December 2023 Net book value 31 December 2023 Net book value 31 December 2022 5. DEBTORS Room hire |
Leasehold Community & Worship Centre 1,003,925 991,971 1,995,896 - - - 1,995,896 1,003,925 |
Fixtures & Fittings 799 23,641 24,440 119 3,648 3,767 20,673 680 2023 £ 4,470 __ |
Total 1,004,724 1,015,612 2,020,336 119 3,648 3,767 2,016,569 1,004,605 2022 £ - ___ |
|---|---|---|---|
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP
Page 14
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
6. LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Other creditors -independent examination | 2,390 | 1,140 |
| -Reimbursement to St Faith’s church | - | 800 |
| -Light and heat | 1,979 | - |
| __ | ___ | |
| 4,369 | 1,940 | |
| __ | ___ |
7. LIABILITIES: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Loan from St Faith’s PCC | 200,000 | - | |
| Personal loans | 102,000 | - | |
| __ | ___ | ||
| 302,000 | - | ||
| __ | ___ | ||
| 8. ANALYSIS OF NET ASSETS BY FUND | |||
| Year ended 31 December 2023 | |||
| Unrestricted | Restricted |
Total | |
| Fund | Fund | Funds | |
| £ | £ | £ | |
| Fixed assets | |||
| Tangible assets | 191 | 2,016,378 | 2,016,569 |
| Current assets | |||
| Debtors | 4,470 | - | 4,470 |
| Cash at bank | 5,536 | 333,000 | 338,536 |
| Current liabilities | |||
| Creditors | 3,229 | 1,140 | 4,369 |
| Creditors over one year | - | 302,000 | 302,000 |
| _____ | __ | __ | |
| Fund balances | 6,968 | 2,046,238 | 2,053,206 |
| _____ | __ | __ |
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP
Page 15
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
8. ANALYSIS OF NET ASSETS BY FUND (continued)
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 | |||
| Creditors | - | 1,940 | 1,940 |
| _____ | __ | __ | |
| Fund balance | - | 1,191,970 | 1,191,970 |
| _____ | __ | __ |
RINGLESTONE COMMUNITY CENTRE DEVELOPMENT GROUP Page 16 NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
9. STAFF COSTS
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Salaries & benefits | 15,509 | - |
| Employers national insurance | - | - |
| Pension costs | - | - |
| __ | ___ | |
| 15,509 | - | |
| __ | ___ |
The average number of employees during the year was 2 (2022 – nil). None were paid more than £60,000.
10. RESTRICTED FUNDS
Building fund
This represents the construction costs of Ringlestone Community and Worship Centre.
Media/Publicity fund
Grants received to fund publicity and advertising for the new centre including set up and maintenance of the website.
Centre manager fund
Monies received to fund the post of centre manager.
Resilience fund
Funding from Maidstone Borough Council for projects supporting the local community through the cost of living crisis.
Community fund
Funding from Maidstone Borough Council to support community based projects including school meals in the holidays and a food larder.
Ringletots fund
Grants in support of the Ringlestone parent and toddler group.