Charity number. 1155263 Thanington Neighbourhood Resource Centre Unaudited Trustees, report and financial ststements for the year ended 31 March 2024
Thanlngton Neighbourhood Resource Centre Contents Page Reference and administrative details of the charity, its Trustees and advisers Trustees. report Independent examiner's report Statement of financial activities Balance sheet Notes to the financlal statements 8-20
Thanington Neighbourhood Resource Centre Reference and administrative detalls of the charity, its Trustees and advisers for the year ended 31 March 2024 Trustees Mrs Charlotte Maccaul (Chair), Thanington Resident Mr Tim Goss {Treasurer) TBC Mr David Smith (Chairl. Thanington Resident Mr Paul Todd LLB, Thanington Resident (appointed 13 June 2024) Rev Nicholas White, Thanington Residenl Mr Fred Wood, Thanington Resident Mr Dane Buckman, Ward Councillor (appointed 13 June 2024) Ms Helen Todd, Thanington Resident Mr John Benqer, Thaninqton Resident Cllr Nick Eden-Green, Ward Councillor (resigned 13 June 2024) Mr Steven John Wright. Thaninglon Resident (resigned 12 December 2023) Graham Stuart Belsom Page (appoinled 6 May 2024) Ms Margaret Pau (appointed 6 Dember 2022, resigned 12 September 2023) Charity registered number 1155263 Principal officè Thaninglon Road Thanington Without Canterbury Kenl CT13XE Bankers Nat West 11 The Parade Canterbury Kent CT12SQ Independent Examiner Samantha Rouse FCCA DChA Montague Place Quayside Chatham Maritime Chatham Kent ME4 4QU Page 1
Thanington Neighbourhood Resource Centre Trustees. report for the year ended 31 March 2024 The Trustees present their annual report together with the financial statements of the charity for the year ended 31 March 2024. Objectives and activities a. Policies and objectives The charity's objectives are= 11 To promote the benefit of the inhabitants of the Parish of Thanington and the neighbourhood (referred to as 'the area of benefit,) without distinction of gender, sexual orientation, race or political, religious or olher opinions, by associating together the said inhabitants and local authorities, voluntary and other organisations in a common effort to advance education, the promotion of health and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants., 2) To establish or secure the establishment of the Thanington Neighbourhood Resource Centre (referred to as 'The Centre,) and maintain and manage the same (whether alone or in co-operation with any local authority or other person or body) in furtherance of these objects; 3) To promote such other charitable purposes for the Public Benefit as may from time to time be determined. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. b. Background Thaninglon Resource Centre is a highly sucSsful residenuuser-led charity, buill for the public benefit of Thaninglon residents {with a Single Regeneration Budget grant) in 2000. It is a much needed, multi-purpose, and fully accessible community building opposite the Thanington eslate., an identified area of disadvantageldeprivation, youth-cenlred crirne and anti-social behaviour, on the outskirts of Canlerbury. 11 is funded by a patchwork of temporary, annual funding-streams and charges for room hire. In 2006 with an annual footfall of almost 47,000, we had outgrown ourselves.. operating at maximum capacity 7-days a week (9am- 9pm), and needing to regularly run youth sessions oulside due to lack of internal space. Following an 'Options Review,, and with a capital grant from the BIG Lottery, we built a new 2 storey extension to cope with increased demand and to provide greater sustainability. With our new state-of-the-art training and meeting rooms 2nd all- inclusive office rental we hope to rely less and less on one-off grant awards. We also have an amazing 246sqm Youth space, which is decorated and run by our annually elected user-led Youth Committee. Since the Centre opened, there has been a marked reduction in crime and anti-social behaviour on the estate {over 50°/oJ and an overwhelming increase in community participation and cohesion. It has made lasling changes to the lives of local residents, and helped Ihem overcome the problems that often prevent them playing a full part in economic, social and community activities and generally improving their quality of life. We are a flexible responsive resour, which strengthens and supports the local community by providing non-stigmatising activities and services in a safe, non-judgmental environment - accessible to all residents regardless of age, status, race, beliefs or abilities. Our aims are to increase resident participation,. break down barriers, such as age-related divides- combat crime by facilitating family support and diversionary activities for young people (the highest percentage of the local population),. provide opportunities for training and learning., and to improve access to health, well-being alld other public services. Our resources are mainly targeted on the needs of residents such as settled travellers, lonelyoung parenls., low inGome families,. people experiencing exclusion and educational disadvantage, i.e. those who are unemployed, young people involved in and on the edge of crime, disabled and older people, those who are in need of basic skills and those with entrenched problems such as homelessness and addiction. We strive to pay at least the 'Living Wage, to 8 local people, we have over 35 volunteers and our 10 Trustees are made up of 7 Thanington residents (plus 3 professionals), who all reflect the make-up, lifestyles and needs of the local area. Page 2
Thanington Neighbourhood Resource Centre Trustees. report (continued) for the year ended 31 March 2024 Achievements and perfom)ance a. Activities undertaken and achievements to further the charity's purposes for the public benefit 2023-2024 saw the Charity still continuing to recover from Government restrictions due to Covid-19. Over the 12 months we gradually increased our bookings, almost to full capacity but still not quite returning to the numbers in 2019 pre-covid, as some organisations continued with on-line rather than face-to-face meetings. There was a marked increase in counselling sessions especially for young people, to help deal with the backlog from the Covid lockdowns. We also operated as a vaccination clinic. With the major increase in energy prices and the cost of living, the needs of families on the estaie meant we needed to continue to provide much-needed emergency food tables for 6 days a week, as well as offering toiletries, cleaning, personal hygiene products, supermarket vouchers, nappies and money for fuel. The hot meals for children project began on 23rd April 2023 when a local charity provided us with frozen meals for children who could not eat hot meals at home and the Rotary club purchased tables, chairs, and a microwave oven to enable families to eat on the premises. We also provided 'warm SpaS, for many people of all ages when necessary, The Age UK Dementia Café returned. and we continued to provide a weekly meeting place for unattached Albanian minors. We held an Easter disco and party for local children and young people, and an amazing 'street party. with entertainment for the King's Coronation in May. plus our usual family picnic and fun day for over 200 local residents, with inflalables, stalls and hot food in August. We continued with our free youth club sessions and homework clubs for 50 weeks of the year and our annual summer programme for our children and young people. This included.. several coach trips to Howletts Zoo, karting for the seniors, Flip Out for the Juniors and 'Fright Night, at Thorpe Park. All highly subsidised for our families lo enable them lo try experiences that they would never have had or been able to access or afford otherwise. We also managed to have an amazing Hallowe'en fancy dress party in October, a Christmas talent contest, Christmas quiz and a Christmas disco and Santa's grotto. Of course, we also continue to provide training for staff and volunteers, and daily advocacy for residents, including help with housing, finance, Wills and Powers of Attorney, eviction and support with court appearances. The Centre operates as a polling station, also offers space for example, Weight Watchers, toddler groups, driving tests for those over 70, family celebrations, Wakes, children's parties and Baby showers, as well as our very popular family bingo evenings. In April we took on two 17-year-old Trainee members of the team, both of whom live on the Thanington estate and in December 2023 we were able to secure them an Apprenticeship with UCAN for 2 years. This provides levels 1 &2 Maths and English as well as a Play Work qualification. As Truslees it's been another very challenging year, but many good things have been achieved too, our staff team have been amazing despite being 2 staff down at times. We were extremely lucky to have made it through to April 2024, and to have Ihe opportunity to try to recover and become susiainable,. a massive thank you to everyone especially our wonderful staff and volunteers. Financial review a. Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. b. Reserves policy The organisation is aware of the vulnerability of its funding and has adopted a Reserves Policy, which sets out how restricted, unrestricted and designated funds will be handled. Ideally operational reserves should equate to 6 months of unrestricted expenditure, which equates to approximately £110,000. Current general reserves exceed this level, standing at £190,388. Page 3
Thanington Neighbourhood Resource Centre Trustees. report (continued) for the year ended 31 March 2024 c. Risk management The Trustees have a duty to identify and review all risks to which the charity is exposed and to ensure that appropriate controls are in place to provide reasonable assuran against fraud and error. Internal risks relating to the proper management of the organisation are minimalized by the design and implementation of comprehensive policies and procedures appropriate to the size of the organisation. This includes stringent financial procedures that ensure the proper authorisation of all transactions. Structure, governance and management a. Constitution Thanington Neighbourhood Resource Centre is a registered charity, number 1155263, and is constituted as a Charitable Incorporated Organisation. It was established on l April 2014 to take over the activities of a former unincorporated charity. b. Methods of appointment or election of Trustees The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. statement ol Trusteès. rosponslbilitles The Trustees are responsible for pparing the Trustees, report and the financial statements in accordance with appllcable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclice). The law applicable to charities in England & Wales requires the Truslees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP (FRS 102)., make judgments and accounting estimates that are reasonable and pnjdent., state whether applicable UK Accounting Standards (FRS 102) have been followed, subject lo any material departures disclosed and explained in the financial stalements., prepare the financial statements on the going concern basis unless it is inappropriale lo presume that the charity will continue in business. The Truslees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transaclions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for Safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the oard of Trustees and signed on their behalf by-. Mr David Smith {Chair of Trustees) Date.. Page 4
Thanington Neighbourhood Resource Centre Independent examiner's report for the year ended 31 March 2024 Independent examiner's report to the Trustees of Thanington Neighbourhood Resource Centre {'the charity,) I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2024. Responsibilities and basis of report As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act')- I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145{5}(b) of the 2011 Act. Independent examiner's statement Your attention is drawn to the f8Ct that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities.. Stalement of Recommended Practice applicable to charities pparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charilies.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. l understand that this has been done in order for the 8ccounts to provide a true and fair view in accordance wilh the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019. I have completed my examination. I confirm that no matters have come to my allention in connection with the examination giving me cause to believe Ihat in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the 2011 Acl,. or the accounts do not accord with those records" or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair. view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed= Samantha Rouse Dated.. 20 December 2024 FCCA DChA Kreston Reeves LLP Chartered Accountants Montague Place Quayside Chatham Maritime Chatham Kent ME44QU Page 5
Thanington Neighbourhood Resource Centre Statement of financial activities for the year ended 31 March 2024 Unrestrlcted funds 2024 Restricted funds 2024 Total funds 2024 Tot21 funds 2023 Note Income from: Donations and legacies Charitable activities 6,250 142,982 2,643 20,348 1,624 26,598 144,606 2,643 45,562 132,548 1,024 Investments Total income 151,875 21,972 173,847 179,134 Expenditure on: Charitable activities 174.255 37,558 208,813 208,218 Total expendlture 171,255 37,558 208,813 208,218 Not movement in funds (19,3801 (15,5861 (34,966 (29,084) Reconciliation of funds: Total funds brought foTward Net movement in funds 209,768 (19,380) 33,154 (15,586) 242,922 (34,966) 272,006 (29,084) Total funds carried foThvard 190,388 17,568 207,956 242,922 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 8 to 20 form part of these financial statements. Page 6
Thanington Neighbourhood Resource Centre Balance sheet as at 31 March 2024 2024 2023 Note Fixed assets Tangible assets Current assets 11 5,241 5,046 Debtors Cash at bank and in hand 12 12,443 191,997 7,013 234,069 204,440 241,082 Creditors.. amounts falling due within one year 13 (1,725) {3,206> Net current assets 202,715 237,876 Total net assets 207,956 242,922 Charity funds Restricted funds Unrestricted funds 14 14 17,568 190,388 33,154 209,768 Total funds 207,956 242,922 The financial stalements were approved and authorised for issue by the Trustees and signed on their behalf by.. Id Smith (Chair of Trustees) Date: The notes on pages 8 to 20 form part of these fi'nancial statements. Page 7
Thanington Nelghbourhood Resource Centre Notes to the financial statements for the year ended 31 March 2024 General information Thanington Neighbourhood Resour Centre is a charity registered in England, with the charity number 1155263. The charity's registered address is Thanington Neighbourhood Resource Centre, Thaninglon Road, Thanington Without, Canterbury, Kent CT1 3XE. The principal activity of the charity is to promote the benefit of the inhabitants of the Parish of Thanington and the neighbourhood. Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with Accounting and Reporting by Charities. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued In October 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fairf view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair, view. This departure has involved following the Chartties SORP {FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practi effective from 1 April 2005 which has since been withdrawn. Thanington Neighbourhood Resource Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or Iransaction value unless otheiSe stated in the relev8nt accounting policy. The financial statements are presented in British Sterling and 8re rounded to the nearest pound. 2.2 Going concern The Trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubl on the ability of the Charity to continue as a going conrn. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainlies about the Charity's ability lo continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements. 2.3 Income All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received. the income is accrued. Page 8
Thanington Neighbourhood Resource Centre Notes to the financial statements for the year ended 31 March 2024 Accounting policies (continued 2.4 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure on charitable activities is inCUrd on directly undertaking the activities which further the charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.5 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity., this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposiled. 2.6 Tanglble flxed assets and depreciation Tangible fixed assets costing £200 or more are capitalised and recognised when future economic benefils are probable and the cost or value of the asset can be measured reliably, Tangible fixed assets are initially recognised at cost. After recognition, under the c051 model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. DepCiatIon is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimaled useful lives, on a reducing balan basis. Depreciation is provided on the following basis.. Fixtures and fittings 25% 2.7 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any Irade discounts due. 2.8 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.9 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event. it is probable that a Iransfer of economic benefit will be required in selllement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to setlle the debt or the amount it has received as advanced payments for the go¢)Js or services it must provide. Page 9
ThanÉngton Neighbourhood Resource Centre Notes to the financial statements for the year ended 31 March 2024 Accountlng policies (continued) 2.10 Financial Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.11 Pensions The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year. 2.12 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for olher purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statemenls. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Critlcal accountlng estimates and areas of judgment Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events thal are believed lo be reasonable under the circumstances. Critical accounting estimates and assumptions: The charity makes estimates and assumptions Conrning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related aclual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below. Page 10
Thanington Neighbourhood Resource Centre Notes to the financial statements for the year ended 31 March 2024 Income from donations and legacies Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Donations Grants 6.250 2,552 17,796 8,802 17,796 14,512 31,050 6,250 20,348 26,598 45,562 Totsl 2023 11,797 33.765 45,562 Income from charitable actlvltles Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Room Hire Catering Events Youth Club Fundraising other Income Changing Room Maintenance 120,895 14.318 391 3,274 2,104 2,000 120,895 14,348 2,015 3,274 2,104 2,000 110,726 11,652 2,118 4,271 1,781 2,000 1,624 142,982 1,624 144,806 132,548 Total 2023 131,335 1,213 132,548 Investment income Unrestricted funds 2024 Total funds 2024 Total funds 2023 Bank interest 2,643 2,643 1,024 Page 11
Thanington Neighbourhood Resource Centre Notes to the financial statements for the year ended 31 March 2024 Analysis of expenditure by activities Activities undertaken directly 2024 Support costs 2024 Total funds 2024 Total funds 2023 Charitable Activities 185,421 23,392 208,813 208,218 Total 2023 187,104 21.114 208,218 Analysis of direct costs Charitable activities 2024 Total funds 2024 Total funds 2023 Staff costs Cost of events Catering and refreshments Equipment Youth activities Equipment hire 164.573 7,929 9,111 12 2,550 1.246 164,573 7,929 9,111 12 2,550 4,246 166,984 7,838 8,234 167 2,430 1,451 185,421 185,421 187,104 During the year, direct costs of £37,058 were incurred for restricled purposes (2023.. £9,520). Page 12
Thanington Neighbourhood Resource Centre Notes to the financial statements lor the year ended 31 March 2024 Analysis of expenditure by activities {continued) Analysls of support costs Charitable activities 2024 Total funds 2024 Total funds 2023 Depreciation Advertising Light and heat Printing, postsge and stationery Travel expenses Waste management Telephone and computer Accountancy and independent examination Bank charges Insurance and licences Maintenance Volunteer expenses General expenses 1.746 103 1.746 103 7,268 692 405 1,888 3,280 1,452 1,131 1,304 3,174 292 660 1,681 300 7,268 692 405 3,941 431 485 1,811 2,822 1,320 995 1,591 4,926 81 730 1,888 3,280 1.452 1,131 1,304 3,171 292 660 23,392 23,392 21,114 During the year, support costs of £500 were incurred for restricted purposes (2023.. £61). Independent examinerfs remuneration The independent examinerfs remuneration amounts to an independent examiner fee of £726 P023 £660), and accountancy fees of £726 (2023 - £660). Staff costs 2024 2023 Wages and salaries Social security costs Contribution to defined contributs'on pension schemes 158,023 5,755 795 159,851 6,266 867 164,573 166,984 Page 13
Thanington Neighbourhood Resource Centre Notes to the financial statements for the year ended 31 March 2024 Staff costs (continued) The average number of persons employed by the charity during the year was as follows.. 2024 2023 Charitable Activilies Governan 10 10 No employee received remuneration amounting to more than £60.000 in either year. The Trustees consider the Board of Trustees and the senior management team comprise the key management personnel of the charity in charge of directing, controlling, running and operating the charity on a day lo day basis. As detailed below, no Trustees received remuneration during the year. The remuneration lo key management personnel totalled £69,804 {2023'. £62,262. 10. Trustees, remunÉratlon and expenses During the year, no Trustees received any remuneration or other benefits {2023 - £NIL). During the year ended 31 March 2024, expenses totalling £nil were reimbursed or paid directly to Trustee (2023 - £Nil). 11. Tangible flxed assels Fixtures and fittings Cost or valuatlon Al 1 April 2023 Additions 43,408 1,941 At 31 March 2024 45,349 Depreclatlon At 1 April 2023 Charge for the year 38.362 1,746 At 31 March 2024 40,108 Net book value At 31 March 2024 5,241 At 31 March 2023 5,046 Page 14
Thanington Neighbourhood Resource Centre Notes to the financial statements for the year ended 31 Djlarch 2024 12. Debtors 2024 2023 Due wilhin one year Trade debtors Other debtors Prepayments and accrued income 10,626 35 1,782 4,173 115 2,725 12,443 7,013 13. Creditors: Amounts falllng due wlthln one year 2024 2023 Trade creditors Other creditors 1,068 657 1,897 1.309 1,725 3,206 Page 15
Thanington Neighbourhood Resource Centre Notes to the financial statements for the year ended 31 March 2024 14. Statement of funds Statement of funds - current year Balance at 31 March 2024 Balance at 1 April 2023 Transfers inlout Income Expenditure Unrestricted funds Designated funds Fixed asset fund Emergency costs fund 5,015 15,000 226 5,241 15,000 20,015 226 20,241 General funds General Fund 189,753 151,875 (171,255) (226) 170,147 Total Unrestrlcted funds 209,768 151,875 {171,255} 190,388 Restricted funds Lions Club Junior Youth Club Events CEH Fund CEH Community Activities and Projects Family Bingo Emergency Fund Rotary 701 211 14,471 3,500 (358) (13,2461 (840) (16,210) 554 4,547 3,160 1,479 3,322 500 17,689 2,425 174 8,176 167 {2,214) (1,666) {2,560) 1464 211 120 7,074 423 1,612 1,458 720 33,154 21,972 (37,558 17,568 Tolal of funds 242,922 173,847 (208,813) 207,956 Page 16
Thanington Neighbourhood Resource Centre Notes to the financial statements for the year ended 31 March 2024 14. Statement of funds (continued) Statement of funds - prior year Balance at 31 March 2023 Balance at 1 April 2022 Transfers inlout Income Expenditure Unrestricted funds Designated funds Fixed asset fund Emergency costs fund 5,015 15,000 5,015 15,000 20,015 20,015 Géneral funds General Fund 244,234 144,156 (198,637) 189,753 Total Unrestrlcted funds 264,249 144,156 (198,637) 209,768 Restricted funds YOF Cookery Grant JH Summer Activities Lions Club Junioryouth Club Calendar Projects Events CEH Fund CEH Community Activities and Projects Family Bingo Emergency Fund Rotary 750 122 g36 865 1.810 (750) {59) 1,500 265 (1,563) <500) {103) 701 2,560 {1,810) 3,322 500 500 17,689 17,750 {61) 2,196 206 872 3.100 1,208 10,155 500 (2,930) {1,240) {2,851) {333) 59 2,425 174 8,176 167 7,757 34,978 {9,581) 33,154 Total of funds 272,006 179,134 (208,218) 242,922 Page17
Thanington Neighbourhood Resource Centre Notes to the financial statements for the year ended 31 March 2024 14. Statement of funds <continuedl Purpose of designated funds The Fixed Asset Fund represents Ihe value of fi'xed assets at the year end. The Emergency Costs Fund represents monies set aside to cover emergency costs arising such as urgent repairs, increases in utilities etc. Purpose of restricted funds The C.C.C. Rise Grant is a grant received from Canterbury City Council for the provision of youth services for the local community. The YOF Cookery Grant fund is to be used for the purchase of cooking equipment and ingredients for cookery sessions with Youth Club members. The Lions Club fund comprises funds and donations received to help further youth activities, The Junior Youth Club fund is used to fund youth sessions, outings and equipment. The Calendar Projects fund is to be spent teaching the Youth Club members photography skills and to produce a calendar which they could then sell to raise funds. The CEH Fund is to enable the provision of a homework club for local children and to support local families. The Awards for All fund comprises funding for a youth dub project looking at ways to tackle ganglknife and gun culture among young people. The Family Bingo fund provides a regular prize Bingo for the local community. The Emergency Fund comprises donations received to assist with COVID-19 issues. The Winter Poverty Grant fund comprises grant funding distributed by Canterbury City Council to assist those in need with utility bills, home essentials etc. The JH Summer Activities fund is to enable local community activities and projects. 15. Summary of funds Summary of funds - current year Balance at 31 March 2024 Balance at 1 April 2023 Transfers inlout Income Expenditure Designated funds General funds Restricted funds 20,015 189,753 33,154 226 20,241 170,147 17,568 151,875 21.972 {171,255) {37,558} (226) 242,922 173,847 (208,8131 207,956 Page 18
Thanington Nelghbourhood Resource Centre Notes to the financial statements for the year ended 31 March 2024 15. Summary of funds (contlnued) Summary of funds - prior year Balance at 31 March 2023 Balance at I April 2022 Transfers inlout Income Expenditure Designated funds General funds Restricted funds 20,015 244,234 7.757 20,015 189,753 33,154 144,156 34,978 (198.6371 (9,581) 272,006 179,134 (208,2181 242,922 16. Analysls of net assèts between funds Analysls ol net assels between funds - current period Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year 5,241 186,872 (1,725) 5,241 204,440 {1,725 17,568 Total 190,388 17,568 207,956 Analysis of net assets between funds - prlor period As restated As restated Unrestricted Restricted funds funds 2023 2023 Total funds 2023 Tangible fixed assets Current assets Creditors due within one year 5,046 207.928 (3,206) 5,046 241,082 (3,206) 33.154 Total 209.768 33,154 242,922 The above table has been re-stated to reflect the appropriate Net Asset split of restricted funds in the prior year. Page 19
Thanington Neighbourhood Resource Centre Notes to the financial statements for the year ended 31 March 2024 17. Pension commitments The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by Ihe group to the fund and amounted to £795 12023 - £8671- No amounts were due to the scheme at the balan sheet date (2023 - £Nil). 18. Related party transactions The charity has not entered into any related paty transaction during the year (2023: £nill, nor are there any outstanding balances owing beeen related parties and the charity at 31 March 2024 (2023= £nil). Page 20