North Tendring Chrlstian Initiatlves North Tendring Christian Initiatives Trustees, Report and Accounts for the year ended 31st August 2024
North Tendring Christian Initiatives Report of the Trustees for the period to 31 August 2024 Trust Information ststUS North Tendring Christian Initiatives {NTCI) is a Charitable Incorporated Organisation ICIOI that was set up on 24th February 2015 and re8lStered with the Charity Commission (registration number 1161372). NTCI operates under the two operational names of Peninsular Youth Ministries (PYMI and The Hub. Trustees Michael Dew Revd. Tom Osborne Revd. David fitley Revd. Paul Greenland 2214124- 1618/24 Chair Reglstered Address Modena Station Road Gt Bentlev Essex C07 8U Hon. Treasurer Anna Sallis Independent Examlner John Baker
North Tendring Christian Initiatives Report of the Trustees (continued) for the period to 31 August 2024 Object The object of the CIO is to advance and practice the Christian religion for the public benefit in accordance with the Basis of Faith contained in the Appendix to this Constitution (Apostles Creed) by: 11) offering a resource of trained youth workers to the schools, youth groups, churches and other organisations in North East Essex and the surrounding area; {21 providing a safe meeting place in Manningtree that will be open to all teenagers living in Manningtree and the surrounding area; 13) providing a facility in Manningtree through which visitors can obtain access to support, information, advice, Credit Union facilities and similar services; (41 providing money management courses and other services as need may arise within Manningtree and the surroundlng area. Organlsational Strurture NTCI has two operations, Peninsular Youth Ministries IPYM) and The Hub, both of which are re8lStered with the Charities Commission. NTCI has a Board of Trustees that meets once every three to four months to discuss the mission, the image, the administration and the financial position of the organisation. The work for the running of the NTCI is delegated under operational procedures to a management committee. The committee members are appointed from cler8y and lay people from the churches of North Tendrin8. There is also delegation to the Treasurer who is responsible for banking, for keeping the accounting records and for financial matters generally. Online banking transactions need to be authorised by any two people drawn from nominated Trustees and officials. Cheques over the value of £100 require two signatures. Support Support for the work of PYM continued to be ecumenical, with churches of almost every denomination across North Tendring being involved through the participation of members of the clergy and through the support of many lay people, in a variety of ways.
North Tendring Christian Initiatives Report of the Trustees {continued) for the period to 31 August 2024 Trustees and Officers Revd. Paul Greenland 2214/24 resigned 1618/24. PYM Operational Report The Trustees continue to discuss the future of the Trust and the Youth Work provision. It 15 hoped that new Trustees can be attracted to help with this. The Hub Operatlonal Report The onlygroup that has used the Hub regularly are the Credit Union. The Hub Is a valuable asset within Manningtree Town and the Trustees are aware of the need to make more use of this. The building 15 made available for local community events such as the Christmas Market and Earth Festival as wel l as occasional local church meetings and charities. Risk Analysls It Is one of the responsibilities of the Trustees to ensure that all reasona ble actlon is taken to assess the operational and other rlsks that may arise and to rninimise them. Accordingly, NTCI's overall risk analysis is reviewed periodically and operational proced ures are in use to minimise risk and to requ ire risk analyses to be carried for all events and activities in both operations.
North Tendring Christian Initiatives Report of the Trustees (continued) for the period to 31 August 2024 Accounting Records Each operation, PYM and The Hub, is separately funded and separate accounting record5 are kept of income and direct costs. There is some common administration but these costs are minimal so an apportionment of these costs is unnece55ary. Basls of Accountln8 These accounts have been prepared on an accruals basis. PYM Financlal Revlew Expenditure was £437 (2022123: £461) the expenditure relates to bank fees and a proportion of the insurance costs. Donations were £820 (2022/23: £622). The reserves stand at £6,290 (2022123: £5,907). The Hub Financlal Review The financial reserves of The Hub a5 at 31 August 2024 were £134,187 (2022123: £134,769) decrease of £582. Of this, £120,0(X) is the property reserve which reflects the historic value of the Hub premises. The remaining £14,187 represents the general fund balance. General income durln8 the period was £2,051 (2022123: £2,220). The Income received consisted of contributions from individual donatlons and a grant from Lawford Parish Council. All gift aid due is included in the accounts. General expenditure durin8 the period was £2,63312022123: £2,741), the expenditure represent5 the operating cost5 of running the Hub with some maintenance works. Safety checks were carried out on both fire and electrical equipment. Reserves The Trust aims to have funds to cover the annual expenditure that is unavoidable i.e. insurance, electricity standing charges and safety checks required for the Hub premises.
North Tendring Christian Initiatives Report of the Trustees (continued) for the period to 31 August 2024 Statement of Trustees, Responsibilltles Charity law requires the Trustees to prepare accounts for each financial period which give a true and fair view of the state of affairs of the Charity and of the profit and loss of the Charity for the period. In preparing these accounts, the Trustees are required to: select suitable accounting policies and then apply them consistentlv; make adjustments and estimates that are reasonable and prudent; and prepare the accounts on the going concern basis unless it is inappropriate to presume that the Charity wlll contlnue In operation. The Trustees are responsible for keeping proper accounting records which disclose wlth reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the accounts comply with the requirement5 of the Charities Act. 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. The Trustees confirm that the accounts comply with current statutory requirements and those of the Charity's Trust Deed. Approved by the Board of Trustees and signed on behalf of the Trustees by Rev Tom Osborne Chair and Trustee
North Tendring Christian Initiatives Report of the Independent Examiner to the Trustees of the North Tendring Christian Initiatives CIO I report on the accounts of the Trust for the year ended 31st August 2024, which are set out on pages 8 to 13. Respective responsibilities of the Trustees and the independent examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Directlons 8lven by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention. Basls of Independent examlnerfs statement My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the account5 presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fairf view and the report is limited to those matters set out in the statement below. Independent examlnerfs statement In connection with my examination, no material matters have come to my attention whlch gives me cause to believe that in, any material respect- accountlng records were not kept in accordance with section 130 of the Charities Act or the accounts do not accord with the accounting records I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the account5 to be reached. John Baker Manningtree, Essex Date of signature
North Tendring Christian Initiatives Statement of Financial Activities for the year ended 31 August 2024 3ty0812024 PYM The Hub 31/0812023 Total Total Notes Incomingand endowrnents from: Donations and legacies Charitable activities Other trading activitles Investments Other Totsl Incomlng r•sOur5 675 1,250 1,925 2,020 629 193 145 311 io 2,051 456 io 2,871 820 1842 Expendlture on: Raislng funds Charitable actlvities Other Totsl resource5 expended 407 2,603 30 2,633 3,010 3,142 io 437 3,070 3,202 Net Income/leMpendlturel 383 15821 1199) 13601 Recondllatlon of funds: Total fund5 brought forward 134,769 140,676 141,036 Totsl funds Carrled f orward 6 290 134,187 140,477 140,676 All gains and losses in the period are included above; accordingly, a statement of total realised gains and losse5 has not been prepared.
North Tendring Christian Initiatives Balance Sheet as at 31 August 2024 3110812024 PYM The Hub 3110812023 Total Total Notes Flxed assets Tangible assets 120,tLx) 120,1XYI 120,rAx) Current assets Debtors Cash at bank and in hand 6,2• 6.29) 14.187 14,187 20,477 20,477 20.676 20,676 Current Ilabllltles Creditors Totsl assets less currerrt Ilabllltles 6,290 14,187 20,477 20,676 Credltors falllng due after one year Total net assets/llabllltles 29) 14.187 20,477 20,676 Funds Unrestricted general fund 14,187 Capltal fund 120,OCQ Total funds 15 6,290 134,187 The notes on pa8es 10 to 13 form part of these accounts. 290 20,477 120,IXQ 140,477 20,676 120,IXXI 140,676 Approved by the Trustees and signed on behalf of the Trustees by: v Tom Osborne Chalr and Trustee
North Tendring Christian Initiatives Notes to the Accounts For the year ended 31 August 2024 l. Accounting Pollcles Basis of Preport7tion oAAccounts The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) {effective l January 2015) - {Charities SORP FRS 1021, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (September 20151 and the Companies Act 2006. Assets and liabil ities are in itial ly recognised at historical cost or transaction value unles5 otherwise stated in the relevant accounting policy or note. The Hub and Peninsular Youth Mlnlstrles IPYM) operations are regarded as separate, each with its own purpose, its own image, Its own funding and its own direct costs. Separate accounts are kept for all but common admlnlstratlve costs which are minimal and no apportionment is necessary. Incominq Resources Income is recognised in the period in which the Trust is entitled to receipt and the amount can be measured with reasonable certainty. Some donations are made In response to a request for finance to fund a particular activity, but without them being restricted to that purpose. These are included in the appropriate category under Voluntary Income and are not deducted from the cost of the activity for which donated, Resources Expended Expenditure is recognised when payment 15 made and is analysed a5 follows.. costs of generating funds comprise the costs associated with attracting voluntary income and the costs of income generation; charitable expenditure comprises expenditure including d irect staff costs attributable to the Trust's cha ritable activitie5," and governance costs are ad ministrative, insurance and secretarial costs and those arising from compliance with constitutional and statutory requirements. Funds Unrestricted funds are available to the NTCI to carry out its charitable objectives. Restricted fvnds are funds that have restrictions imposed by donors and can only be applied for the particular purposes specified by the donors. 10
North Tendring Christian Initiatives 2 Donations and legacles 3ty0812024 PYM The Hub 3110812023 Total Total Grants Recelvable (see note 71 Donations and Gifts- Indlviduals Glft Aid on Donations and Gifts Donations and Gifts - Churches Donation from Other Organisations l(M) no Ick) 1,260 315 410 1,295 315 540 135 250 1,250 250 1,925 675 2,020 3 Charltable Actlvltles There was no income from charitable activltles during the period. 4 Other trading artlvltles 3110812024 PYM The Hub 3V0812023 Total Total Other Income {donations for refreshments) 629 629 5 Investments 3V0812024 PYM The Hub 3110812023 Total Total Bank interest recelved 145 311 456 193 6 Other There was no other income In the year,
North Tendring Christian Initiatives 7 Grants Received A breakdown of the grants received in 23/24 as per note 2 3V0812024 PYM The Hub 3110812023 Total Total Restrlrted Lawford Parish Council 100 loo 410 410 8 Raising Funds There were no fund raising actlvities in the year. 9 Charitable Activltles Youth workers Operational costs Admln Total PYM The Hub 407 152 2,450 2,857 152 3,010 PYM The Hub 431 431 145 145 2,566 2,997 2,711 3,142 10 Other The Other expenditure relates to banking fees. 11 Employee Informatlon There are no paid employees. 12 Trustees Remuneratlon and Related Party Tran5actlons The Trustees receive no remuneration for acting as Trustees and no expenses were submitted. 12
North Tendring Christian Initlatives 13 Tangible assets As per the requirements under the SORP, the historic cost of the Hub is shown. 14Analysis of Funds Unrestricted Funds General Fund PYM The Hub Total As at 31 August 2023 Income Expenditure Transfers As at 31 August 2024 5,907 14,769 820 2,051 (4371 12,6331 20,676 2,871 {3,0701 6,290 14, 187 20,477 Property Fund PYM The Hub Total As at 31 Au8USt 2023 Incorne Expenditure As at 31 August 2024 I20,¢? o,ocx) 120,000 120,(XI) Total funds as at 31 August 2024 6,290 134.187 140,477 13