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2023-08-31-accounts

Thanet Community Churches

Report and Accounts Year ended 31 August 2023

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

THANET COMMUNITY CHURCHES

CHARITY INFORMATION

FOR THE YEAR ENDED 31 AUGUST 2023

Trustees

Key Staff

Governing Document Charity Registration Number Principal Address

Independent Examiner

Bankers

Paul Gammans Brian Lamberton Edward Mussett Craig Prentice (Team Leader) CIO constitution dated May 2015 1163414 The Corner 60 Whitehall Road Ramsgate CT12 6DF Archie McDowall BA CA Stewardship 1 Lamb's Passage London EC1Y 8AB Lloyds Bank plc CAF Bank Limited

Contents Page
Charity Information 1
Trustees' Annual Report 2-6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10-19
Detailed Statement of Financial Activities with Comparatives 20

Page 1

THANET COMMUNITY CHURCHES

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 AUGUST 2023

The trustees have pleasure in submitting the Report and Accounts for the year.

Objects of the charity

The charity is a charitable incorporated organisation and is governed by its Constitution. The objects of the charity, as set out in the governing document, are to advance the Christian Religion, in particular by seeking to be a community that loves God, loves each other and loves Ramsgate, to advance education and relieve poverty and hardship.

Summary of the charity's main activities and achievements

To further the above objects and vision, the charity's main activities and achievements were as follows:

August 2022 – December 2022 (Terms 1 & 2)

As we entered a new academic year in September, we redoubled our efforts to make the most of the final year of the Community Evangelist role in Margate – funded by the Laing Family Trusts and the Willats trust. Our worker recruited new volunteers to help with the Fresh Start programme, CAP Debt Help service and the CAP Money Coaching courses.

In August we received funding from ‘Save the Children’s’ ‘Margate Early Learning Community (MELC)’ to develop 2 programmes for families with children under 5. We were awarded funding to:

Over these months we saw the project launched and rapidly grow as a successful set of programmes engaging with many hundreds of local families.

As we approached the winter, there were many reports about the national ‘cost of living crisis’. There was a threat that many people in Thanet would have to choose between ‘eat or heat’. We set up a ‘Warm Welcome Space’ at the Corner a few days and early evenings each week. We recruited and trained volunteers to staff this project. Though we had some visitors it was clear by early January that this service was not really needed.

Over the Christmas period we celebrated the season in a variety of ways. We had a church family service and party and we also had a series of community events. In Broadstairs we had an evening Carol singing event at a small pub. In Margate we hired in some live animals for a set of Live Nativity events at the allotment. In Ramsgate we held our very popular Carols in the Park event with many 1000s of people coming to take part.

January 2023 – April 2023 (Terms 3 & 4)

We began the new calendar year with a week of prayer. Most of the growing church family got involved in some way.

Page 2

THANET COMMUNITY CHURCHES

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 AUGUST 2023

Summary of the charity's main activities and achievements (continued)

Our various projects got back up and running after the Christmas break, but there was some anxiety about how the topUP project would continue after April 2023, as there was limited funding opportunities. This mean that the project may close in April 2023. However, we received funding through the Kent Community Foundation for the project – £5,000 from the Dulverton Foundation for which we were very grateful. Kent Community Foundation gave us an additional £1,000 for Covidrecovery. We were also awarded £5,000 from Orbit Housing for the project. This was a large reduction in funding from them, but we were also very grateful for this. Likewise, our local church network – the Relational Mission Community gave us £5,000 towards the project. The funding was collected at a joint churches together service.

The new set of Parenting Together Margate programmes at the Margate allotment continued to grow and thrive. Surprisingly, the poor weather didn’t appear to put families off coming to the outdoor play spaces.

The funding was due to come to an end at the end of March 2023, but though some elements of the project did cease, we were able to continue some of the Stay & Play groups both at the allotment and Cliftonville Community Centre.

As a church family we made extra efforts to celebrate Easter with our community. In Margate we ran a set of family Easter celebration events using the popular allotment space. In Broadstairs we used a partnering school and children’s centre to run an Easter Trail – this was very well attended and received by the community. In Ramsgate on Easter Sunday there was a large community fun day as part of the celebrations.

For the Easter Sunday itself we baptised a number of new believers over two services – one in Ramsgate and one in Margate.

Over this season, the Community Church Broadstairs small group began to meet on the 4th Sunday of each month and started to experiment with using the Callis Children’s Centre as a possible location and community base.

May 2023 – August 2023 (Terms 5 & 6)

After the Easter break we resumed our activities across Thanet and started a number of new initiatives.

For the growing number of teenage young men in the church family we started a group that incorporated Christian teaching and also physical fitness and wellbeing – ‘Mind, Body, Spirit Fitness (though the group has come to be called ‘Jehovah’s Fitness’ amongst the participants).

We also began an Alpha course just before Easter and this was continued with a number of guests across this term.

Page 3

THANET COMMUNITY CHURCHES

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 AUGUST 2023

Summary of the charity's main activities and achievements (continued)

With the emerging CCB church planting small group, we began running a ‘Stay and Play’ group for families in Broadstairs, using the Callis Grange children’s centre. This began to become quite popular with many of the small group giving their time.

During this term we were also very pleased to hear that Colyer Fergusson had agreed to fund the next 3 years of the ‘Empower Project’. Where from September we will run a number of different tried and tested support groups for local people. The Phoenix project supports women escaping cycles of domestic abuse. CAP Money Coaching seeks to equip people with the tools needed to oversee a balance budget. And Fresh Start which seeks to empower people to break free from life-controlling habits.

It was also in this term that we received the good news that the Dorothy Kerin trust have awarded us funding to create an outdoor seating area and class room at the Corner. We will build a large Gazebo/class room area, as well as a paved seating area with BBQ and covered pergola. This will help us develop our work into the community in Ramsgate.

Also during this term we worked with the Space Hive Fund crowd-funding platform to raise money for the groups at the allotment – now called the ‘Forget-me-not Allotment’. We ran a series of events including a quiz which raised money, which was then match funded by the NHS and Kent County Council. This money will be spent funding staff to oversee Stay & Play sessions at the allotment in September.

In July/August of this year we took a group of young people to the Newday 2023 Christian youth festival. A great time was had by all.

This year we have also seen significant growth in our community impact, particularly through life and mission in Margate. We are so grateful for all the support we have received from funders and supporters that has enabled this.

Looking to the near future, we are excited about relaunching the Community Church Broadstairs plant with their own Sunday gathering based at the Callis Grange Children’s Centre.

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Structure, Governance and Management

Responsibility for setting policy and for determining the parameters within which the charity should operate rests with the trustees who meet regularly to monitor the activities of the charity. Responsibility for the day to day operation of the charity has been delegated to a senior management team led by Craig Prentice. New trustees are appointed by the existing trustees and are provided with appropriate training to undertake the role they occupy within the church.

Page 4

THANET COMMUNITY CHURCHES

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 AUGUST 2023

Financial review

During the year income increased by £111,326, to £320,017, and expenditure increased by £44,880, to £278,407. As a result surplus for the year increased by £66,446, to £41,610, from a deficit the previous year of £24,836, and the charity's net assets increased by the same amount, to £144,869. Net current assets increased by £29,723, to £131,208.

The significant increase in income and expenditure was largely as a result of the expansion of the Parenting Together project in Margate, following the receipt of grant funding from Save the Children early in the financial year.

Reserves policy

The trustees have determined that the charity should aim to hold net unrestricted current assets of no less than £50,000 (which equates to about 3 months' of unrestricted expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held net unrestricted current assets of £52,251, and the charity is complying with its reserves policy.

Key risks and uncertainties

The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.

Responsibilities of trustees under charity law

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material

departures disclosed and explained in the financial statements; and

  1. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that 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 and the Charity (Accounts and Reports) Regulations 2008. 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.

Page 5

THANET COMMUNITY CHURCHES

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 AUGUST 2023

Approval

This report was approved by the trustees and signed on their behalf by:

Brian Lamberton

_______ Brian Lamberton (Jun 26, 2024 16:08 GMT+1) BRIAN LAMBERTON

Jun 26, 2024 Date: _______

Page 6

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

THANET COMMUNITY CHURCHES ('the Charity')

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 August 2023 on pages 8 to 20 following, which have been prepared on the basis of the accounting policies set out on pages 10-12.

Responsibilities and basis of report

As the charity’s trustees of the Charitable Incorporated Organisation] you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants of Scotland, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. 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.

Archie McDowall

Archie McDowall (Jun 27, 2024 10:51 GMT+1)

Archie McDowall BA CA Institute of Chartered Accountants of Scotland Stewardship 1 Lamb's Passage London EC1Y 8AB

Jun 27, 2024 Date:

Page 7

THANET COMMUNITY CHURCHES

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 AUGUST 2023

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income and endowments
EXPENDITURE ON:
Charitable activities
6
Total expenditure
Net income/(expenditure)
Transfers between funds
15
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
15		 Unrestricted
Funds
£
105,594
100,189
381
206,164
208,594
208,594
(2,430)
5,551
3,121
55,195
58,316		 Restricted
Funds
£
113,853
-
-
113,853
69,813
69,813
44,040
(5,551)
38,489
48,065
86,554		 Total
Funds
2023
£
219,446
100,189
381
320,017
278,407
278,407
41,610
-
41,610
103,259
144,869		 Total
Funds
2022
£
124,376
84,315
-
208,691
233,527
233,527
(24,836)
-
(24,836)
128,095
103,259

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The notes on page 10-19 form part of these accounts.

Page 8

THANET COMMUNITY CHURCHES

BALANCE SHEET

AS AT 31 AUGUST 2023

Note
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Stock
9
Debtors
10
Cash at bank and in hand
11
CREDITORS: Amounts falling
due within one year
12
Net current assets / (liabilities)
TOTAL NET ASSETS
FUND BALANCES
15
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
6,074
6,074
500
12,734
65,203
78,437
(26,195)
52,241
58,316
52,456
5,860
58,316
-
58,316		 Restricted
Funds
£
7,587
7,587
-
-
80,024
80,024
(1,058)
78,967
86,554
-
-
-
86,554
86,554		 Total
Funds
2023
£
13,661
13,661
500
12,734
145,227
158,461
(27,253)
131,208
144,869
52,456
5,860
58,316
86,554
144,869		 Total
Funds
2022
£
1,775
1,775
500
23,887
80,640
105,027
(3,543)
101,485
103,259
49,335
5,860
55,195
48,065
103,259

The financial statements were approved by the Board of Trustees and were signed on its behalf by:

Brian Lamberton

Brian Lamberton (Jun 26, 2024 16:08 GMT+1)

BRIAN LAMBERTON

Jun 26, 2024

Date: _______

Charity number: 1163414

The notes on page 10-19 form part of these accounts.

Page 9

THANET COMMUNITY CHURCHES

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2023

1 Statutory Information

The charity is a charitable incorporated organisation registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The previous year's accounts were prepared using the receipts and payments basis but, this year, the charity was obliged to prepare its accounts using the accruals basis. The results for 2022, which are comparatives quoted in these accounts, have been restated using the accruals basis (see note 18 for details).

The principles adopted in the preparation of the financial statements are set out below.

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.

Page 10

THANET COMMUNITY CHURCHES

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2023

2 Accounting Policies (continued)

iii) Legacies. Income from legacies is recognised when a distribution is received from the estate or, if earlier, when the charity has been notified that a distribution will be made and the amount receivable can be measured reliably.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from the coffee shop operated by the charity and room hire.

Investment income represents income generated by the charity's assets and includes income from and bank interest.

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The cost of raising funds is not significant and has not been separately disclosed.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) Fund accounting

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Freehold land Is not depreciated (because it is not consumed by use)
Freehold buildings Over 50 years after taking account of the building's residual value
Leasehold improvements Over the lease term or, if shorter, expected useful life
Equipment Over 4 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

g) Stocks

Page 11

THANET COMMUNITY CHURCHES

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2023

h) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

i) Taxation

The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

j) Financial instruments

The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).

k) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

l) Critical accounting estimates and areas of judgement

The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.

3 Donations and legacies

Donations of cash and similar
Other grants receivable
Income tax recoverable		 2023
£
75,636
134,342
9,469
219,446		 2022
£
53,034
62,037
9,306
124,376
Income from charitable activities
Building & room hire income
Coffee shop sales
Other income
Investment income
Bank interest		 2023
£
48,370
50,623
1,196
100,189
2023
£
381
381		 2022
£
40,484
42,284
1,547
84,315
2022
£
-
-

Page 12

THANET COMMUNITY CHURCHES

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2023

6 Charitable expenditure

a
Costs incurred directly on specific activities
Employment costs
Rent
Maintenance
Utilities
Equipment and resources
Coffee shop costs
Ministry expenses
Miscellaneous expenses
Grants payable (note 8c)
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee
Administration
Contractor costs
Depreciation of tangible fixed assets
Insurance
Total expenditure		 2023
£
150,132
16,390
14,260
16,533
12,497
19,167
1,942
8,740
239,660
4,464
244,124
3,600
3,600
9,917
12,016
4,751
3,999
34,283
278,407		 2022
£
136,275
5,930
11,741
13,528
6,748
14,596
2,764
4,989
196,570
5,940
202,510
1,776
1,776
8,653
16,300
592
3,697
31,017
233,527

The fee payable to the independent examiner for preparing and examining the accounts was £3,600 (2022: £1,776); in addition the charity paid £1,329 (2022: £1,088) to Stewardship for payroll bureau services.

c Grants payable

Grants for UK and overseas mission
Grants for the relief of poverty
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants for the relief of poverty
The charity's principal grants to institutions comprised:
Christians Against Poverty
Grants to institutions for less than £1,000 each		 Institutions
£
600
3,000
3,600
Institutions
£
920
3,618
4,538		 Individuals
£
-
864
864
Individuals
£
-
1,402
1,402
2023
£
3,000
600
3,600		 2023
£
600
3,864
4,464
2022
£
920
5,020
5,940
2022
£
3,000
1,538
4,538

Page 13

THANET COMMUNITY CHURCHES

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2023

7 Analysis of staff costs, the cost of key management personnel and trustee remuneration

The average monthly number of employees during the year was 15.6 (2022: 11.8). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the trustees and the key staff named on the Charity Information page. Total employment benefits payable to key management for the year were as follows:

During the year key management received employment benefits totalling £30,546 (2022: £28,702).

No trustees received employment benefits in either the current or preceding year.

8 Tangible fixed assets

Cost
At 1 September 2022
Additions
Disposals
At 31 August 2023
Accumulated depreciation
At 1 September 2022
Charge for the year
Eliminated on disposal
At 31 August 2023
Net book value
At 31 August 2023
At 31 August 2022		 Fixtures,
fittings and
equipment
£
2,366
16,638
19,004
592
4,751
5,342
13,661
1,775		 Total
2023
£
2,366
16,638
-
19,004
592
4,751
-
5,342
13,661
1,775

In addition, the charity occupies The Corner, 60 Whitehall Road, Ramsgate, on the basis of a lease at a peppercorn rent of £1 per annum from the freeholder, the Maurice and Hilda Laing Charitable Trust. The lease is due for renewal in 2026 and the charity has no reason to expect that it will not be renewed. However, the charity's interest in the property cannot be reliably valued, although the current insurance value of the building and contents, including those referenced above is £1,547,803.

9 Stock

Stock
Purchased for re-sale, at cost 2023
£
500
500		 2022
£
500
500

Page 14

THANET COMMUNITY CHURCHES

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2023

10 Debtors

Falling due within one year:
Trade debtors
Tax recoverable
Prepayments and accrued income
Total debtors
11
Cash at Bank and in Hand
Cash at bank with immediate access
Petty cash
12
Creditors: liabilities falling due within one year
Other creditors
Accruals
Deferred income		 2023
£
2,712
9,366
656
12,734
2023
£
145,097
130
145,227
2023
£
3,653
3,600
20,000
27,253		 2022
£
350
19,492
4,045
23,887
2022
£
80,510
130
80,640
2022
£
297
3,246
-
3,543

13 Deferred income

Deferred income comprises the following:

Grants
-
20,000
20,000
Within one year
20,000
20,000
Amount deferred in year
The income deferred at the period end will be released to income over the following periods:
Amount released to income
Balance at the beginning of the reporting period
Balance at the end of the reporting period		 2023
£
-
-
20,000
20,000
20,000
20,000		 2022
£
-
-
-
-
-
-

A grant of £20,000 was received in July 2023 to find a series of projects under the 'Empower' fund with effect from September 2023. As this project and the expenditure does not commence until after the balance sheet date, and the grant remains repayable to the funder if it is not expended, it has been categorised as Deferred Income in these financial statements.

14 Pension commitments

During the year employer’s pension contributions totalling £1,571 (2022: £1,578) were payable to defined contribution personal pension schemes. Pension contributions of £295 were owing at the balance sheet date (2022: £297).

Page 15

THANET COMMUNITY CHURCHES

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2023

15 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Mission Partners
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Church Planting
Top-UP Project
The Corner (St Ben's)
Biblical Counselling
Their First 1000 Days in Ramsgate
Parenting Together Margate
Parenting Together Ramsgate
Special Offering
Our Space
Aggregate of funds		 Opening
balance
2023
£
5,860
5,860
49,335
55,195
28,664
13,522
4,691
150
875
(4,992)
4,937
218
-
48,065
103,259		 Incoming
resources
2023
£
-
-
206,164
206,164
-
11,000
31,000
-
-
60,050
103
-
11,700
113,853
320,017		 Outgoing
resources
2023
£
-
-
(208,594)
(208,594)
-
(10,517)
(450)
-
(875)
(46,001)
(3,176)
-
(8,794)
(69,813)
(278,407)		 Transfers
in the year
2023
£
-
-
5,551
5,551
(1,835)
(566)
-
-
(3,150)
-
-
-
(5,551)
-		 Gains and
losses
2023
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Closing
balance
2023
£
5,860
5,860
52,456
58,316
26,829
13,439
35,241
150
-
5,907
1,864
218
2,906
86,554
144,869

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Tangible fixed assets
Stock
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
6,074
-
500
-
12,734
-
59,343
5,860
(26,195)
-
52,456
5,860
Unrestricted Funds		 Restricted
funds
£
7,587
-
-
80,024
(1,058)
86,554		 2023
£
13,661
500
12,734
145,227
(27,253)
General
funds
£
6,074
500
12,734
59,343
(26,195)
52,456
144,869

Page 16

THANET COMMUNITY CHURCHES

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2023

15 Funds (continued)

In the previous year the movements in the charity's funds were as follows:

Designated Funds
Mission Partners
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Church Planting
Top-UP Project
The Corner (St Ben's)
Biblical Counselling
FCSS (JAM)
Town & Country
Their First 1000 Days in Ramsgate
Parenting Together Margate
Parenting Together Ramsgate
Special Offering
Aggregate of funds		 Opening
balance
2022
£
5,860
5,860
68,080
73,939
31,579
8,715
4,676
150
7,869
(248)
1,414
-
-
-
54,156
128,095		 Incoming
resources
2022
£
-
-
152,597
152,597
-
19,654
15
-
9,250
-
15,000
-
10,938
1,238
56,095
208,691		 Outgoing
resources
2022
£
-
-
(181,562)
(181,562)
-
(14,847)
-
-
(10,031)
-
(15,074)
(4,992)
(6,001)
(1,020)
(51,965)
(233,527)		 Transfers
in the year
2022
£
-
-
10,221
10,221
(2,915)
-
-
-
(7,089)
248
(465)
-
-
-
(10,221)
-		 Gains and
losses
2022
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Closing
balance
2022
£
5,860
5,860
49,335
55,195
28,664
13,522
4,691
150
-
-
875
(4,992)
4,937
218
48,065
103,259

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Tangible fixed assets
Stock
Debtors
Cash at bank and in hand
Creditors falling due within one year
Creditors falling due after one year		 General
Designated
funds
funds
£
£
-
-
500
-
19,842
-
32,535
5,860
(3,543)
-
-
-
49,335
5,860
Unrestricted Funds		 Restricted
funds
£
1,775
-
4,045
42,245
-
-
48,065		 2022
£
1,775
500
23,887
80,640
(3,543)
-
General
funds
£
-
500
19,842
32,535
(3,543)
-
49,335
103,259

Page 17

THANET COMMUNITY CHURCHES

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2023

15 Funds (continued)

The Church Planting fund is a fund that the church members tithe specifically to see and resource churches to be planted. The transfer was written into the funding bids for the Community Church Margate Evangelist role as this position was created to enable the effective planting of the Margate Church.

The Top-UP Project is funded by Orbit Housing and seeks to relieve poverty for older adults. The project focuses on Orbit customers who are over 55, informing them of the benefits they are entitled to and empowering them to apply. This has been extended with further funding from Orbit (£5,000), Town & Country (£5,000, to include a focus on their clients), the Relational Mission Community Fund (£5,000) and Kent Community Foundation/Dulverton Trust Fund (£6,000). The transfer covers project

The Corner Fund relates to giving specifically for The Corner and its development.

The Biblical Counselling fund has been set up for the benefit of those seeking counselling.

The FCSS Fund was funded by Orbit to deliver the Financial Capability Support Service. This was later renamed this JAM (Just About Managing) . This project was to help Orbit residents understand and manage their money more effectively and finished in March 2022. The project ran during the height of the Covid Pandemic and it was agreed with the funder that the staff member (employed with the funding) and the management oversight of the project, as well as other budgeting cost could be incorporated into our ‘Covid Response’ for our service users. At the end of the project funds were transferred into the General Fund to cover these management, office and advertising costs.

The Town & Country Fund is funded by the housing association for the delivery of 'CAP Money' and 'TopUp' programmes.

Their First 1000 Days in Ramsgate is a small Kent County Council funded project, in partnership with Fegans, seeking to provide advice, information, support and inspiration to local parents with young children. It uses social media to engage with young local parents. It seeks to support parents who have experienced their own ‘adverse' childhood experiences. The transfer to the General Fund covers the cost of hiring 'The Corner' and associated project managment costs.

The Parenting Together – Margate Fund is for parenting projects in Margate. A grant from Save the Children’s Margate Early Learning Community – Innovation Fund was received in October 2022 and subsequent crowdfunding achieved for the 'Forget-menot' allotment. The transfer covers project management costs incurred by the General Fund.

The Parenting Together – Ramsgate Fund is for parenting projects in Ramsgate. This has been started with funding from KCC Early Help Grant of £10,938.

The Special Offering Fund is to help people in situations of hardship and/or crisis

The Our Space fund is a partnership with Fegans, funded by Save the Children, to create a group for parents to have 'time out' for their own mental health and wellbring, and be supported in their parenting, while their children are also cared for safely and effectively in a happy and nurturing learning environment.

Page 18

THANET COMMUNITY CHURCHES

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2023

17 Transactions with related parties

During the year the charity:

During the year the charity also made the following payments to, or for, related parties:

Except as disclosed in note 7 'Analysis of staff costs', there have been no other transactions with related parties during the year.

18 Reconciliation with previously reported funds

In the previous year the charity prepared its accounts using the receipts and payments basis; in the current year the charity's income exceeded £250,000 and so it is now obliged to use the accruals basis for the preparation of its accounts. The comparatives presented in these accounts have been re-stated using the accruals basis and a reconciliation with the reserves and results reported previously follows:

Reconciliation of reserves
Previously reported reserves, at 31 August
Adjustments arising from use of accruals basis:
Inclusion of previously excluded fixed assets
Inclusion of previously excluded debtors
Inclusion of previously excluded stock
Inclusion of previously excluded creditors
Re-stated reserves, at 31 August		 2022
£
80,640
1,775
23,887
500
(3,543)
103,259		 2021
£
98,384
-
32,121
500
(2,910)
128,095

Reconciliation of results

Previously reported results
Adjustments arising from use of accruals basis:
Capitalised expenditure less depreciation
Movements in debtors resulting in the recognition of more / (less) income
Movements in stock resulting in the recognition of more / (less) income
Movements in creditors resulting in the recognition of less / (more) expenditure
Re-stated results		 2022
£
(17,744)
1,775
(8,234)
-
(633)
(24,836)

Page 19

THANET COMMUNITY CHURCHES

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 AUGUST 2023

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income and endowments
EXPENDITURE ON:
Charitable activities:
6
Total Expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
15
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed assets
14
Other gains/(losses)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
15
Actuarial gains/(losses) on defined benefit pension
schemes		 General
Designated
2023
2023
£
£
105,594
-
100,189
-
381
-
206,164
-
208,594
-
208,594
-
-
(2,430)
-
5,551
-
3,121
-
3,121
-
49,335
5,860
52,456
5,860
Unrestricted funds		 Restricted
2023
£
113,853
-
-
113,853
69,813
69,813
44,040
(5,551)
38,489
38,489
48,065
86,554		 Total
2023
£
219,446
100,189
381
320,017
278,407
278,407
-
41,610
-
41,610
-
-
-
41,610
103,259
144,869		 General
Designated
2022
2022
£
£
68,282
-
84,315
-
-
-
152,597
-
181,562
-
181,562
-
-
(28,966)
-
10,221
-
(18,745)
-
(18,745)
-
68,080
5,860
49,335
5,860
Unrestricted funds		 Restricted
2022
£
56,095
-
-
56,095
51,965
51,965
4,130
(10,221)
(6,091)
(6,091)
54,156
48,065		 Total
2022
£
124,376
84,315
-
208,691
233,527
233,527
-
(24,836)
-
(24,836)
-
-
-
(24,836)
128,095
103,259

Page 20