The Hcart of Tamworth Community Project Independent Examiner's Report lior the year ended 31 December 2024 Report on the a¢¢ount8 of The Heart of Tamworth Community Project for th¢ year ended 31 December 2024, which are set out on pages 4 to 14. Respective responsibilities of trustees and examiner The charity's tn(ge8 responsible for the pr¢paration of the accounts. The charity's trnstees consider that all audi¢ is not required for this year under section 144(2) oi tbe Charities Act 20] I (the 2011 Act) Imd that an ind¢pendent examinatioll is needed it 18 my responsibility to., • examine the accounts under section 145 of the 201 l Act O to follow the procedure8 laid down in the general Directions given by the commission under section 145(5)(b) of the 2011 Act . Basis of independent examiner's report My examination was carried out in accordance with the general DiTection8 given by the Charity Con]mission. An exan]ination includes a review of the accounting record8 kept by the charity and a comparison of the accountg presented with those Te¢ords. It also includes consideration of any unusual items or dis¢losur¢s in the accowit8, and seeking explanations from you as twstees conGerning any such mattsrs. 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 accoullts prent a true and fair view, and the report is limited to those matters set out in the next statement Indepcndent examiner's statement In connection with my examination, no nkatter has Come to my attention: (l)whiGh gives me rea80nable cause to believe that in any material respect the requirern¢nts: to keep accounting Tecords ill accoriSance with section 130 of the 2011 Aot and to prepare accounts which accord with the accounting reKords and comply with the aLcounting requirements of the 2011 Act have iiot been ttt or {2)to w]]ich, ill my opinion, attention should be drawn in order to ¢nabl¢ a proper UnderstandAng Of the accounts to be reached John Faulkner CA, Independent Examincr 63 kniington Road Bolehall Tarnworth B77 3LN Date., 081141Tr)i-
To. TC Group sterling House 97 Lichfield Street Tamworth staffordshire B79 7QF Dear Sirs The following represenlations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider neceary in connection with your preparation of the charitable company's financial statements for the year ended 31 December 2024. These @nquiries have included inspection of supporting documentation where appropriate and ore sufficient to satisfy ourselves ha we can make each of the following representations. All representations are made to the best of our knowledge and belief. General We acknowledge Ihat the work performed by you is substantially less in scope than an audit performed In accordance with Internofional Standards on Auditing IUKI and thal you do nol express an audit opinion. 2 We have fulfilled our responsibilities as trustees as set out In the terms of your engagement under the Companies Act 2006 1 Charitie5 Act 2011 for preparing financial statement5 in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), for being satisfied that they give a true and fair view and for aking accurate representations to you, 3 All the transactions undertaken by the charitable company have been properly reflected and recorded in the accounting records. 4 All of the accounllng records and relaled flnanclal information, including minules of all managemenl and shareholder meetlngs, have been made available to you for Ihe purpose of your work. Internal conlrol and fraud 5 We acknowledge our responsibility for the design, implementation and maintenance of inlernal control system5 to prevent and detecl fraud and error. We have disclosed lo you the results of our risk assessment Ihat the financial statements may be misstated a5 a result of fraud. 6 We have disc105ed to you all instances of known or suspected fraud affecting Ihe enlity involving managemenl, employees who have a significant role in internal control or others thal could have a material effect on the financial stalements. 7 We have also disclosed to you all information in relation to allegalions of fraud or suspected Iravd affecting the entity's financial statements communicated by current or former employees, analy5t5, regulators or others. Assets and Ilabllllles 8 The charitable company ha5 salisfactory title to all assets and there are no liens or encumbrances on the charilable company's assets. except for those that are disclosed in the notes to the financial statements. 9 All actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or disclosed as appropriate. 10 We have no plans or intentions that may materially alter the carrying value and where relevant the fair value measurements or classification of ossels and liabilities reflected in the financial statements,
Accountlng estlmates I I Significant assumption5 used by us in making accounting eslimates, including those measured at fair value, are reasonoble. Loans and arrangements 12 The charitable company has not granted any advance5 or credits to, or made guarantees on behalf of. trustees olher Ihan those disclosed in the financial statement5. Legal clalms 13 We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, hove been properly accounted for, and disclosed in, the financial staternent5. Law$ and regulatlon$ 14 We have di5c105ed to you all known instances of non-complionce or suspected non-compliance wilh laws and regulations whose effects should be considered when preparing the financial statemenls. Related parties 15 Related party relalionships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information conceming such relatior15hips and transactions and are nol aware of any other matters which require disclosure in order to comply with legislaliye and accounting standards requirements. Subsequent evants 16 All events subsequent lo the date of the financial statements which require adjustment or disclosure have been property accounted for and disclosed. Going concern 17 We believe that the charitable company's financial statements should be prepared on a going concem basis on the grounds that current and future sources of funding or support will be more than adequate for the charitable company's needs. We have considered o period of twelve months from the date of approval of the financial statements. We believe that no furlher disclosures relating lo Ihe charitable company's ability to continue as a going concem need to be made in the financial statements. Grants and donallons 18 All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of lerms or condition5 Iri the application of such income. We acknowledge our legal responsibilities regarding disclosure of information to you as preparers of the financial statements and confirm that so far as we are aware, there is no relevont information needed by you in connection with preparing your report of which you are unaware. Each trustee has taken all the step5 that he ought to have taken a5 a trustee in order to make themself aware of any relevant information and to establish that you are awore of that information. Your5 faithfully T G D Empson - Signed on beh If of the Tr slees 22 August 2025
REGISTERED COMPANY NUMBER: CE002102 (England and Wale$) REGISTERED CHAR[ NUMBER: 1157449 Report of the Trustees and Unaudlted Flnanclal Stalements for the Year Ended 31 D•c•mbèr 2024 for Heart Of Tamworth Community Project TC Group Sterling House 97 Lichfield Street Tamworlh staffordshlr9 B79 7QF
Hoarl Of Tamworth Communlty Projeel Contents of the Flnancial Statements for the Year Ended 31 D¢¢ember 2024 Page Report ofthe Trustees 1 to 3 Statement of Flnan¢lal A¢tlvities Balance Sheet Notes to the Flnanclal Statements 6 to 12 Detalled Statement of Flnanclal Actlvltlos 13 to 14
Heart Of Tamworth Community Project Report of the Trustees for the Yaar Endod 31 Do¢omber 2024 The trustees who are also directors of the charity for Ihe purp0888 of the Companl8s Act 2006, pr6s6nt thelr report Nvlth the flnanclal stalements of the charity for the year ended 31 December 2024. The trustèes have adoptad the provlslons of Accounting and Reporting by Charltles.. Statement of Recommended Praclice applicable to chariti88 pr6paring their accounts In accordancè rith the Financlal Reportlng Slandard appllcable In the UK and Ropublic of Ireland (FRS 102) leffeclive 1 January 2019). OBJECTIVES AND ACTIVITIES ObjectEves and acllvltles Charitable purposes.. Thls can be summarised a8 'providlng educatlonal and s(la1 facilitles almed al relieving poverty within th& lown of Tamworlh and surrounding area,. Full objectives ar8 avallable on th6 Charity Commlsslon webslle, Acllvllles.. The charlty fa¢illtates, or delivers. a range of activities covering all age groups from pre-school children through to older peoplo, as well as provlding meeting facilltie$ and volunteers who supporl the charily's own and partner-18d actlv1118S, Most of thgsa sèrvlces are delivered al the ¢ommunlty centres attached lo Sa¢red Heart and St John's churches. Achievements and performance., During 2024, much of Ihe charivs WO once again focused on 8UPPOrtlng peop18 across the local Community a8 they .struggled with the impact of the costwof-living, in-work poverty. job insecurfly, houslng L8suos. Isolation and loneliness and more. Thls support was generally of a very practic81 nature such as tackling food povety through a communlly pantry. or other initiatives such as provlslon of a wami space or emergency f(K)d parcels. We conlinu&d to introduc8 new prolect8 to addr8ss soclal isolation and lonellness - issues which wero frequently rais8d during an exiensive community consultation 8xercis8 carrled out in 2022. Followlng thls consultation exercise, the trustees undertook a review of tho charity's Strategy a1 this resulted in a new, three-year slralegy coverlng the period 2022-25. It places wellbeing (be that emotional, physical or envlronm8ntal) at the heart of the charity's work. Throughout 2024 the ¢harlty's wot* remained aligned to the pritIeS identifiad In Ihls 8tralegy. The refurbished facilities at the Sacred Heart site continue to attract mora partner organisatlons to co-lo¢ale to deliver much-needed service8 and support tr) Ihe local community. The charivs ambltlon lo croat6 a community hub Is well on the way to belng a¢hleved wlth around 40 activities and services operating each week. During 2024 Hoart of Tamworth continued to operate a ¢ommunity café and community food pantry. However, tho community pantry {which was only 8ver m8anl to b& a temporary, post-pandemic facility) was not fit for purpose in the longer-term. During 2023 work commenc8d ta build a new panlry and also a communlly pro-loved cknthing store. This wa8 8 gignificanl inveslmenl for Ihe charity. These new fa¢llttles opened in the summer of 2024 and provide valuable support for people in need. Both buildin9S have been constructed to a very high standard and offer customers and volunteers an environment which Is attractive. safe and professlonal. Tr6ating our sarvice users dlgnlty Is Important and these new shops have received 8xlrem8Fy positiv8 f88dback. We ar8 grateful to the organlsations who provided funding, materials and other support lo enable u8 to complete this project. Th8 new shops have contribuled to f(K)tfall Increasing acro&8 the 811e and. as a rèsult, we arè signposting mor¢ service users to the suppr)rt available within our community hub. As evar. tho charity is grateful for th8 tremendous support of ils volunteers who help to deliver a wide, ond eVerrowIng range of services, run the community café and new shops and asslsl with all manner of 8cllvilie3. Wlthout the 8UPPOrt of c.140 committed individuals, Heart of Tamworth would r1 be able to daliv8r such a comprehenslve range of support for people in need acr055 the Tgmworth area. In Novémber we were delighted to See the contribution made by our volunteers r6cognisad wilh The King's Award for Voluntary S¢rvlc&. Thls award is th9 8quivalent of an MBE and the highest honour a voluntary 0JaniSation can recelve. Publlc bonoflt Durfng tha pèriod the trustees have cornplied wllh Iheir duly to have due regard lo the guldance on public ben&fft published by the Ch8rtty Comml$$lon In exorcising their powers or duties. FINANCIAL REVIEW Reserves pollcy The Iruslees, poll¢y Is to retain an overall SUlUs. Page 1
Heart Of Tamworth Communlty Project Report of the Trustees for the Year Ended 31 December 2024 FINANCIAL REVIEW In common wlth many charities, during 2024 the need for support continued lo incr8ase, unfortunately at a lim8 when it remalns Challenylng to secure furKling. Grant income was largely detived from smaller 8ward8 Ihan In pr&vious ygars and r8fl6ct8d the nèed to obtain funding for spe¢lFlc projects. FUTURE PLANS The e¢onomi¢ situatlon r&malns a cause for concern, with the ongolng cost-of-living cri8is causing hardship, particularly amongst people who wer& already experlenclng tho Impact cf poverty and deprivatlon. Slmilarly. in-work poveriy is a challenge for many in our communlty. The charlly wlll Gontlnue to support local pgople in a very practlcal manner to address food poverty, soclal Isolallon and issugs $u¢h a$ homelessness. During 2025 a further communlty consultatFon axerci58 wlll be carrled out and the resuSls of this wll inform a new, Ihree-year strategy for the period 2025-28. The trustaes remain focused on provldlng support whiGh meets Identified needs. STRUCTURE, GOVERNANCE AND MANAGEMENT Govornlng documont Thg charlty Is controlled by Its govaming document, a deed of tru81, and constituies a limited company, Ilmited by guaranlee, as defined by the Compani8s Act 20D6. Chaiily Consti110n The charity is a Charitabl8 Incorporat8d Organlsatlon {ClO}. It has a single tier stru¢ture and as such the IrusleeS are the member$ of the charily. Recruitment and appointment of new trustees The mgnagemenl mmIttee, whith generally megts every two months, ar8 thè charfty's trusteès. There musl be a minimum of five, and a maximum of eight appointed truste9s. on8 &x officio trustee and a mlnlmum of one, and maximum of 0, nomlnated truslees. The parish pri8St for th8 parfsh of St John's, curr8ntiy Fr. Michael Whlte, shall automatically {ex offi¢iol b8 a charity Intee. The parish council of St John Tamworth may appolnl on8 nominated charfty trustee, currentty R. Charles. Father Hudson's Sociely (a charity which operatss acr08S the gr8atér W> Midlands region) may also appoint one nominated tharity trustee, ourrenlly vacant. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number CE002102 (England and Wale51 Reglstergd Charity number 1157449 Registered office Sacred Heart Community Centre Silver Link Road Glascoto Tamworth Staffordshlr B77 2EA Trusteos Ms C Smlth {reslgnad 7.7.25) T G El Empson s H M Bolger R Berry Ireslgned 15.8.251 R R Charle6 Dr S P P8aple (re51gn8d 31.1.251 M White Ms V Woodley (r88lgned 30.6.241 Ms E Pugh {appointed 20.5.251 M5 J Massey {appoinled 20.5.25) Ms J Shaw {appcinled 20,5.251 Ms C W Qulnn (appolnted 25.3.251 Page 2
Haart Of Tamworlh Community Project Report of the Trustees for the Year Ended 31 Decernb&r 2024 STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees (who are also Ihe directors of Heart Of Tamworth Community Project for the purposes of company law) are rosponsible for preparing the Report of Ihe TDJslees and th8 financlal statemenls in accordance wrth applicable law and United lQngdom Accountlng Standards (United Kingdom Generally Accepted Accounting Practice). Company law requ1$ the tNst8eB to prepare flnancial 8tstements for ea¢h financial yoar which give a truè and f8lr view of the state of affairs of the charitable company and of the incoming resource8 and 8pplicalion of r8sour¢es, includlng th8 Income and expenditure, of the charltable company for that p8riod, In preparing those financlal statements, the trustegs are required lo selèct suitable accounting policies and then apply Ihem consistently., observe th@ n)èlhods and prlnclplès in the Charlly SORP- make judgetnents and estimates that arg r8asonable end prudent., prepare the fina181 statements on the going con¢6rn basis unless It Is inappropriate to presumè that the charitable company will continue in business. The trustaès are responslble for keeping proper accounling rrdS whlch disclose wlth reasonable accuracy at any time the linanclal posllion of the charllable company and to enable them lo engura that the financlal statements comply with the Companies Act 2006. They are also responsible for safeguarding the ass8ts of the charltable company and hence for taking reasonabl8 8t8ps for th8 prevention and election of fraud and other irr8gularille8. Approved by order of the board of truslees on ... and signed on its behalf by.. T G ti Empstsn- Trus Page 3
Heart Of Tamworth Communty Project Balance Sheet 31 December 2024 2024 Total funds 2023 Total fijnds Unreslrlcled fund Restrl¢ted funds Notes FIXED ASSErs Tanglble a$8ets 425,455 425,455 482,845 CURRENT ASSETS Debtors Cash at bank and In hand 1,828 139,929 1,828 150,268 2,188 182,061 10,339 141,757 10,339 152,096 184,249 CREDITORS Amounts falling due wthin one year {18,862) 12,0131 {20.875> (17,508) NET CURRENT ASSETS 122,895 8,326 131,221 166,741 TOTAL AssEfs LESS CURRETrrr LIABIUTIES 548,350 8.326 556,676 649,586 NET ASSETS 548.350 8,326 556,676 649.586 FUND8 Unrestricted funds Rethcted funds 10 548,350 8,326 583,476 66,110 TOTAL FUNDS 556,676 649,586 Th8 charitabl8 company 18 entitled to exemption from audlt under Section 477 of th8 Companies Act 2006 for the year ended 31 December 2024. The members have t requlred the company to oblain an audit of its financial statetnents for th& year end8d 31 December 2024 In ac¢ordan¢e wllh Sedlon 476 of the Companies Act 2006. The trustees acknowledge Ihelr responslbllltlos for (a) 8nsuring that the charitable company keeps accounting records that compty th SeGtlons 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of th8 State Of affairs of the charitable company as al the end of each financial year and of its surplus or deficit for each financial year in accordance wllh the roquSrements of Sectjons 394 and 395 and which otherwise comply with the requirements of Ihe Companies Act 2006 relating to financial statements. so far as applicable to the oharilable company. (b} Th888 financi81 statements have been pr8pared in accordance wllh the provlsions applicabl8 to charilablg companies subject to the small companies regime. The financlal s nt W8re approved by the Board of Trustees and authorised for issue on . and wore sign8d on its b8half by.. T G D Empson -Trustee The notes fom) part of these financial statements Page 5
Heart OF Tamworth C¢Mmunity Project Notes to the Financial Statements forthe Year Ended 31 DeGembeT 2024 ACCOUNTING POLICIES Bas1¥ of preparfng the financial Statements The financial slalemenls of Ihe charitable company, which is a publlc ban6fil gnllty undèr FRS 102, have been prepared in accordan with the Charllles SORP (FRS 1021 'Accounling and R8portlng by Charllles.. Statemenl of Recommended Practice applicgble lo charities preparing their accounts in accordance wlth Finanolal Reporllng Standard appllcable Iri the UK and Republic of Ireland (FRS 102) {effeclive 1 January 2019),, Financial Reporting Standard 102 The Flnancial Rewrling Standard applicable In the UK and Republlc of Ireland, and th& Compan16s Act 2006. Tha finandal slalomenls hav8 be&n propared under the hlstortcal cost convention. Income All income is recognised in the Slatemenl of Flnanclal Actsvilies once th8 charlty has gntitlemant to the funds, it 15 probable that the income will be received and the amount can b6 measurad reliabty. Donations ar8 recognised on receipt. Inme lax recoverable in relation to donation8 received under Gift Aid Is recognls8d al thè tlmè of donation. Other income 18 measured at th8 fair valu8 of the conslderation received or re¢eivable and represents amount8 receivable for goods and services provided in the normal course of th& charity, net of discounts and VAT. Expenditure Liabilities are recognised as expenditure as soon as th8re 18 a legal or con8lrucllv& obligallon commlttlng the thaiily to that expDndilure, it is probable that a transf8r of economic bgnefits will be requlred In settlgmenl and Ihe amount ol the obllgatlon can be measured rellably. Expenditure is accounted for on an accruals basls and has been classified under headings Ihal aggregate all cost related to Ihe category. Where costs cannot be direclly attributed lo partlcular haadlngs they have been allo¢ated lo acllvtties on a basis consistent Imth the use of resources. Tangible fixod assets Depreciation is providad al the following annual ratgs In ord8r to lIe off each asset over Its estimated useful life. Tangibl8 fixed assels are stated at hlstorlcal cost less accumulated depreciation. Historical cost includes &xp6ndltur8 that Is dlroctly allrlbulabla lo brlnglng the asset to Ihe location and condition necessary for it lo b& capable of operating in th8 mann8r intended by managgment. Depreciation is ¢harged $0 as lo allocate the cost of ass8ts over their eslimaled useful Ilves. D6preclatSon is provided on the following basis.. Property 14 years Plant and Machlnory 100k stralght Ilno Fixture8, Fitting8 and Equipment 10°A or 20 /0 straight line Computers 330h Straight line The gain or loss on the disposal of an asset is determined as the difference batween the sale proc06ds and the ¢atyng value of the as58t and 15 recognised In the net iw)comel{expenditure} for the year. Taxatlon Tho charity Is exempt from corptsration 18x on Its charltable activities, Fund accounllng Unrèstrlcted funds can b8 used in accordance wlth Ihe charitable objectives at the discretion of the trustoes. R68trict8d funds can only b8 used for partlcular restricted purposes withln the objects of the charity. Restiictions arise when specified by the donor or when funds arg ralsad for partl¢ular r8Strict8d purposes. Further explanation of the nature and purpose of each fund Is Included in the notes to the financlal slatemenls. Going Con¢ern At the lime of approving the accounts, the trustees conllnuts lo adopt th& going concern basls of accounting In pr8parlng the accounts, Page 6 conlinued...
Hèart Of Tamworlh Communlty Project Notes lo tho Flnan¢lal Statom•nts - contlnuad for the Year Ended 31 December 2024 ACCOUNTING POLICIES - Contlnued Debtor8 D6btors are measured on Inltlal recognltlon al settlement amount after any dlscounts or amounts advanced by the charity. Subsequently they are measured at the cash or other consideration expected lo be r&celv6d. Cash and cash equivalents Cash and ¢ash equivalents include cash iri hand and deposils held wilh bank8. Llabllltle6 Provisions for liabilities gre measured on recognition of its hisloricel co8t and then $ub8equenlly measure at th8 best estimate of the amount required lo settle the obligallon at the reportlng date. Transfer between funds All grants and donations which are restricted or designated are held under restricted funds. When a capital Item Is purchased, the value is transferred betsveen the funds, unless It is reslrl¢ted in perpetully. OTHER TRADING ACTIVITIES 2024 2023 Shop Income R8ntal income Cafe income 45,700 26,988 121,205 29,457 21,191 115,445 193,893 166,093 NET INCOMEI{EXPENDITURE) Net Incomel(exp8nditurel Is stated after ch8rgingl(crnditing}: 2024 2023 Depreciation - owned assets Surplus on disposal of fixed asset8 56,672 (78) 57,131 TRUSTEES. REMUNERATION AND BENEFITS There were no trust8es' remuneration or other benefits for the ygar ended 31 Dec8mber 2024 nor for th8 yèar ended 31 De¢emb8r 2023. Trustses, gxpgnses No truslee recelved any payments other than reimbursement for expenses Incurred wholly and eluSIVelY on behalf of the Charity. STAFF COSTS The average monthly numb8r of employe85 during the y8ar was as follows.. 2024 2023 Communlty office Cafe No employaas received emolum&nt8 in gxcess of £60,000. Page 7 continued...
Heart Of Tamworth Communlty Project Note8 to the Flnanclal Statements - contlnuad for tha Y•ar Ended 31 December 2024 COMPARATIVES FOR THE STATEMEwf OF FINANCIAL ACTIVITIES Unrestricted fund Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 66.333 167,127 233,460 Other tradlng actlvities 166,093 166,093 Totsl 232,426 167,127 399,553 EXPENDITURE ON Raislng funds 141,470 85,13D 226,800 Charltable actlvltles Dlrecl Costs 51,504 38,379 89,883 Other 57,131 57,131 Total 250,105 123,509 373,614 NET INCOMEI{EXPENDITURE) Transfers between funds (17,679) 409 43,618 (409) 25,939 Net movement In funds (17,270) 43,209 25,939 RECONCILIATION OF FUNDS Total funds brought forward 600,746 22,901 623,647 TOTAL FUNDS CARRIED FORWARD 583,476 66,110 649,586 TANGIBLE FIXED ASSETS Fixtures Long leasehold Plant and machingry Computer equlpment flttings Tolals COST At 1 January 2024 Addilions Disposals 510,650 152.224 39.167 144 2,769 704,810 1214 (940) (940) At 31 December 2Q24 510,650 152,224 39.311 1,829 704,014 DEPRECIATION At 1 January 2024 Charge for year Eliminated on dlsposal 109,425 36,475 86,053 15,122 25.688 4.530 221.965 56,672 (78) 545 (781 Al 31 December 2024 145,900 101.175 30.218 1,266 278.559 NET BOOK VALUE Al 31 December 2024 364,750 51,049 9.093 563 425,455 Al 31 December 2023 401.225 86,171 13.479 1,970 482.845 Page 8 contlnued...
Heart Of Tamworth Communlty ProJe¢t Notes to the Flnan¢lal Statements- continued for the Year Ended 31 December 2024 DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 VAT Prepaymgnts 735 1,093 1,172 1,016 1,828 2,188 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Soclal so¢urlty and other taxes VAT other credltors Accruals and deferred income 4,468 2,013 13,959 435 1,127 15.946 435 20.875 17.508 10. MOVEMENT IN FUNDS Nel movement in funds Tran8f8r8 belw@en funds Al 31.12.24 Al 1.1.24 Unrostricted funds General 583.476 {33.962} {1,1641 548,350 Restricted funds Winter Warmers Lunch Club Befrlending Club Shop Buildlng SPF Fundlng from TBC M8mory Cafe c0p Lunch CILJb 32.238 6,869 9.429 3.393 13,839 542 {32,2381 16.0931 17,3201 14.5571 (14.8741 326 5,808 17761 2,109 1,164 (1.235) 868 6,584 776 66,110 158.9481 1,164 8.326 TOTAL FUNDS 649,586 192.910) 556,676 Net movement In funds, included in the above are as follows- Incomlng resources Resources expended Movèmont in fu18 Unrgstrictgd funds Gengral 243,123 (277,085) 133,9621 R9Stricted funds Wint8r Warmers Lunch Club Befrfendlng Club Shop Bulldlng SPF Fundlng from TBC Mamory Caf8 Co-op Lunch Club 132,238) 112,369) {7,320} 135,757) 167,374} {2,261) (2,192) 132,238} 16,0931 17,3201 14,5571 114,8741 326 5,808 6,276 31,200 52,500 2,587 8,000 100,563 (159,511 } 158,948) TOTAL FUNDS 343,686 1436,596} 192,9101 Page 9 continued...
Heart Of Tamworth Cr)mmunlty ProJe¢t Notes lo the Financial Statemgnts - continued for the Year Ended 31 December 2024 10. MOVEMENT IN FUND8 . continued ComparatlV¢8 lor movement in fund8 Net m()vement In funds Transfers belween funds At 1.123 31.12,23 Unr8strl¢ted funds Ganeral 600,746 {17.679) 409 583,476 R•$trl¢ted funds Wlnter Warmars Lunch Club Food Parc818 Befriending Club Shop Building SPF Funding from TBC Main Grants M8mory Cafe 4,542 4,497 417 27,696 2,372 14171 9,429 11,6071 14,048 18,4451 542 32,238 6.869 9,429 3.393 13,639 5,000 (4091 8,445 542 22,901 43,618 {409) 66.110 TOTAL FUNDS 623.647 25,939 649,586 Comparative nel movement in funds, included in the above are as follows,. Incoming resources Resources expgnd8d Movement In funds unr&Strfcl funds General 232,426 {250,105) {17,679> Restrlcled funds Wint8r Warmers Lunch Club F(xJd Parcels Befriending Club Shop Building SPF Fundlng from T8C Maln Grants Memory Cafo 33,353 12,250 1,000 10,000 66,000 24,9g9 18,983 542 (5,657) (9,878) 11,417) 1571) 167,607) 110,951 } 127,4281 27,696 2,372 (417) 9,429 (1,607) 14,048 (8.445) 542 167,127 {123,509} 43,618 TOTAL FUNDS 399.553 (373,614) 25,939 Page 10 contlnued...
Hoart Of Tamworth Community Project Notes to the Flnancial Statements- continued for the Year Ended 31 De¢ember 2024 10. MOVEMENT IN FUNDS- contlnued A current year12 months and prior year12 months combined posrtion Is as fOlW8. Net movement in funds Transfors between funds Al 31.12.24 At1.1.23 Unreslricted funds General 6,746 {51,6411 {755} 548,350 Restricted funds Wlnter Wamier8 Lunch Club Fd Parcels Befri8nding Club Shop Building SPF Funding from TBC Main Grants Memory Cafe Co-op Lunch Club 4,542 4,497 417 (4,542) (3,721) (417) 2,109 (6,164> (826) (8,445} 868 5,808 (776) 2,109 5,000 1,164 1409} 8,445 (1,235> 776 6,584 22,901 115,330) 755 8,326 TOTAL FUNDS 623,647 {66,971) 556,676 A cuffent year 12 months and prlor year 12 months comblned net movement in fvnds. included in the abovè are as follows.. Incomlng resources Resources expondod ovement In funds Unrèstrl¢tèd funds General 475.549 (527.1901 (51,641) Restrlct6d funds Winl8r Warmers Lunch Cb Food Parcels Befriending Club Shop Building SPF Fundlng from TBC Maln Grants Memory Cafa Co-op Lunch Club 33,353 18,526 1,000 10,000 97.200 77,499 18,983 3,129 8,000 (37.8951 (22,2471 11A171 17,8911 1103,3641 (78,3251 127.4281 12,2611 {2,192) 14.542) 13.7211 14171 2.109 {6,1641 18261 18,4451 868 5.808 267,690 1283,020 115,330) TOTAL FUNDS 743,239 (810,210> (66,971) Page11 Continued...
Heart Of Tamworth Communlty ProJ¢¢t Detalled Statement of Financial Activities for the Year Ended 31 December 2024 2024 2023 2023 INCOME AND ENDOWMENTS Donatlons and logacles Donations Grants l Funding 36,475 15,122 4,970 584 104,317 45,476 91,874 141,586 149,793 233.460 57,131 othor trading activities Shop income Rental income Cafè income 45,700 26.988 121,205 29.457 21,191 1 fj5,445 193.893 166,093 1 373,614 Total Incomlng r8sour¢os 343.686 399.553 25.939 EXPENDITURE Ral8lng donatlong and lega¢l86 Winter Warmerg Summ8r Schem Befriending Club Food Parr*ls Firewalk Lunch Club Bulldlng Wotl< Other Donattons l Dgductions 15,247 7,801 7,320 5,657 8,639 571 8,311 2,257 9,878 67,607 (110) 14,561 60.062 4,110 108,991 102,920 Ofher trading adivitie5 Shop expenditure Cafe expendriure 30,670 50,967 14,673 109,007 81,637 123,680 Charltable actlvltles Wages Rates and water Insurance Light and heat Telephone Poslage and stationery Adv8rtlslng Sundrl Computer and Softwar8 Repairs and Maintenanoè Motor Expenses Recnjltment and Training Premises Expenses Clearilng CharitablelFund Raislng Professior)al Faes 120,233 190 1,952 16,628 1,072 45,057 2.196 12,869 368 257 1,625 3,183 3,738 693 1.002 983 6,562 7.914 3,436 5,220 3,381 3,225 1.425 1,404 19.170 7.455 7,007 1,013 189,375 89.883 Thls page does not fomi part of the slalulory financial 8tatements Page 13