**==> picture [202 x 51] intentionally omitted <==**
## **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.