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 pr￿ent 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 tt￿t 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 nece￿ary 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 a￿1 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 p￿ritIeS 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 eVer￿rowIng
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 r￿1 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 0￿JaniSation 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 SU￿lUs.
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 Consti￿110n
The charity is a Charitabl8 Incorporat8d Organlsatlon {ClO}. It has a single tier stru¢ture and as such the Iruslee*S 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
In￿tee. 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&gt 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 fina￿181 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 r￿rdS 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. In￿me 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 e￿luSIVelY 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
c￿0p 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 fu￿18
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 fOl￿W8.
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
F￿d 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 C￿b
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