## Thanet Community Churches
Report and Accounts Year ended 31 August 2024
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
## **THANET COMMUNITY CHURCHES**
## **CHARITY INFORMATION**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
## **Trustees**
Paul Gammans (resigned 24th Jan 2025) Brian Lamberton
Edward Mussett (resigned 24th Jan 2025) David Parkinson (appointed 24th Jan 2025) Karon Wheeler (appointed 24th Jan 2025)
## **Key Staff**
Craig Prentice (Team Leader)
**Governing Document Charity Registration Number Principal Address**
CIO constitution dated May 2015
1163414
The Corner 60 Whitehall Road Ramsgate CT12 6DF
## **Independent Examiner**
Archie McDowall BA CA Stewardship 1 Lamb's Passage London EC1Y 8AB
## **Bankers**
Lloyds Bank plc CAF Bank Limited
|**Contents**|**Page**|
|---|---|
|Charity Information|1|
|Trustees' Annual Report|2-5|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Accounts|9-17|
|Detailed Statement of Financial Activities with Comparatives|18|
Page 1
**THANET COMMUNITY CHURCHES**
## **TRUSTEES' ANNUAL REPORT**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
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 2023 – December 2023 (Terms 1 & 2)**_
In August many of our programmes and groups had a well-deserved rest. However we took a large group of young people away to the Newday festival and the Corner Coffee House continued to serve local families in Ramsgate
In September, as we entered a new academic year, we restarted our programmes and groups. During this term we began the Colyer Fergusson-funded ‘Empower Project’. Throughout this year we ran a number of different tried and tested support groups for local people. The Pheonix 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. All of these groups were well attended.
We continued to make use of the funding opportunities from the Margate Early Learning Community and ran a number of outdoor ‘Stay & Play’ groups at our rapidly developing ‘Forget-Me-Not Allotment’ project in Margate. This area of Margate is fast becoming the centre of our work in Margate. Over this period we also ran a Harvest Festival event. We had planned for this to be delivered at the Forget-MeNot but this needed to be moved to the hall at the Corner due to poor weather.
topUP continued to support older adults over this period though the funding for this project is increasingly becoming difficult as the main funder, Orbit Housing, has significantly restructured the way projects can be financially support.
Our work with CAP Debt Help was paused in December during this season when the part-time Debt Centre Manager handed in her notice because she received an offer of full-time work with another employer. We will be considering how best to move forward with CAP Debt Help in the coming months.
We also began a new group for young men, attempting to help them grow in emotional, spiritual and physical fitness. This group grew over this period to some 15 young people.
It was during this season that we also began a termly-gathering to pray for and seek to support persecuted Christians around the world.
We also hosted a ‘Walk Thru the Bible’ event for the community which was reasonably well attended.
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 Margate we has a ‘messy nativity event’ at the Cliftonville Community Centre Hall. In Ramsgate we held our very popular Carols in the Park event with many 1000s of people coming to take part.
Page 2
**THANET COMMUNITY CHURCHES**
## **TRUSTEES' ANNUAL REPORT**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
## **Summary of the charity's main activities and achievements (continued)**
## _**January 2024 – April 2024 (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.
Sadly, it was decided during this week that we would need to close down the ‘Community Church Broadstairs’ church planting initiative. We had some unexpected challenges with the leadership team which made continuing with this plan impossible. We regrouped the people connected to the Broadstairs plant into the Ramsgate and Margate congregations. We will revisit to vision/plan to establish a Broadstairs church in the coming years.
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 2024, as there were limited funding opportunities. This meant that the project could close in April 2024. However, we received funding through the Kent Community Foundation for the project – £5,000. We were also awarded £4,000 from the Relational Mission Community. The funding was collected at a joint churches together service. We are able to keep the project for another year.
The Parenting Together Margate programmes at the Forget-Me-Not allotment continued to grow and thrive. Surprisingly, the poor weather didn’t appear to put families off coming to the outdoor play spaces.
In January a group of our young people attended a youth weekender at Carroty Wood in Tunbridge Wells organised by friends at The City Church, Canterbury.
In February we had some other of our friends from the City Church Canterbury come a provide some training for the church in evangelism – particularly evangelism ‘on the streets’ with those we don’t know yet. This was well received by those who attended.
It was also during this season that we began to encourage the church family to make use of the ‘i61m’ app and training, so we could grow to be a blessing to our neighbours, family and friends.
As a church family, once again we redoubled efforts to celebrate Easter with our community. In Margate we ran a set of family Easter celebration events using the popular Forget-Me-Not allotment space. In Ramsgate on Easter Sunday there was a large community fun day as part of the celebrations. For the Easter Sunday itself we baptised 6 new believers at a large Easter Sunday celebration at the Royal Harbour Academy School.
## _**May 2024 – August 2024 (Terms 5 & 6)**_
After the Easter break we resumed our activities across Thanet and started a number of new initiatives during our ‘month of mission’ in June and July. These included opening a Friday night pop- up Pizzeria, which we called L’Angolo’s (Italian for Corner) in the new outdoor space at the Corner. These popular nights were also followed by ‘My Songs, My Strory’ evenings where we invited different singers to take a night and perform a number of live songs followed by their story of their faith journey.
Also, during this ‘month of mission’ we carried out 100s of ‘10:5:1’ Spirituality Surveys with the general public. We asked people to give us 10 minutes of their time, answer 5 simple questions and for doing so they would receive a chocolate bar or sweet treat. This exercise gave us lots of very interesting info about our community and led to a number of invites to our wider work.
Also, during this ‘month of mission’ we trialled a programme that we called ‘5-minutes peace’. Parents who had children in the coffee house were invited to leave their children with our volunteer ‘baby-sitters’ in our of our lounges, whilst they went through to our prayer space for some peace & quiet.
Page 3
## **THANET COMMUNITY CHURCHES**
## **TRUSTEES' ANNUAL REPORT**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
## **Summary of the charity's main activities and achievements (continued)**
Also, during this ‘month of mission’ we showed a series of Football world cup games on the big telly in the Coffee House.
It was also in this term that we received some further good news that the Dorothy Kerin trust have awarded us funding to build a new cabin at the Forget-Me-Not Allotment in Margate.
In July/August of this year, once again, we took a group of young people to the Newday 2024 Christian youth festival. A great time was had by all.
This year has been very good in many ways, particularly the steady growth in Margate and the ‘Month of Mission’. But it has also been incredibly challenging and disappointing, following the closing down of the Broadstairs church plant initiative.
That being said, we are so grateful for all the support we have received from funders and supporters that has enabled our work and the growth we have seen.
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.
## **Financial review**
During the year income decreased by £10,554, to £309,462, and expenditure decreased by £13,629, to £264,778. As a result surplus for the year increased by £3,075, to £44,684, and the charity's net assets increased by the same amount, to £189,553. Net current assets increased by £49,435, to £180,642.
## **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 £108,999, and the charity is complying with its reserves policy.
Page 4
**THANET COMMUNITY CHURCHES**
## **TRUSTEES' ANNUAL REPORT**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
## **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
5. 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.
## **Approval**
This report was approved by the trustees and signed on their behalf by:
BGL _____________________________________ BGL (Jun 23, 2025 15:12 GMT+1) BRIAN LAMBERTON Jun 23, 2025 Date: _________________________
Page 5
## **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 2024 on pages 7 to 18 following, which have been prepared on the basis of the accounting policies set out on pages 9-11.
## **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 24, 2025 15:23 GMT+1)
Archie McDowall BA CA Institute of Chartered Accountants of Scotland Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: Jun 24, 2025
Page 6
## **THANET COMMUNITY CHURCHES**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
|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
£
114,430
117,442
201
232,072
176,774
176,774
55,298
(565)
54,733
58,315
113,048|Restricted
Funds
£
77,389
-
-
77,389
88,004
88,004
(10,615)
565
(10,050)
86,554
76,504|Total
Total
Funds
Funds
2024
2023
£
£
191,819
219,446
117,442
100,189
201
381
309,462
320,016
264,778
278,407
264,778
278,407
44,684
41,609
-
-
44,684
41,609
144,869
103,260
189,552
144,869|
|---|---|---|---|
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 9-17 form part of these accounts.
Page 7
## **THANET COMMUNITY CHURCHES**
## **BALANCE SHEET**
## **AS AT 31 AUGUST 2024**
|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
£
4,049
4,049
500
31,098
104,041
135,640
(26,640)
108,999
113,048
107,189
5,860
113,048
-
113,048|Restricted
Funds
£
4,861
4,861
-
-
71,643
71,643
-
71,643
76,504
-
-
-
76,504
76,504|Total
Funds
2024
£
8,910
8,910
500
31,098
175,684
207,283
(26,640)
180,642
189,553
107,189
5,860
113,048
76,504
189,552|Total
Funds
2023
£
13,661|
|---|---|---|---|---|
|||||13,661|
|||||500
12,734
145,227|
|||||158,461
(27,253)|
||||||
|||||131,208|
||||||
|||||144,869|
|||||52,455
5,860|
|||||58,315
86,554|
|||||144,869|
The financial statements were approved by the Board of Trustees and were signed on its behalf by:
## BGL
--------------------------------------BGL (Jun 23, 2025 15:12 GMT+1) BRIAN LAMBERTON
Jun 23, 2025 Date: ___________________
Charity number: 1163414
The notes on page 9-17 form part of these accounts.
Page 8
## **THANET COMMUNITY CHURCHES**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
## **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 principles adopted in the preparation of the financial statements are set out below.
- a) Going concern The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
- b) Income 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:
- i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
- ii) Donated facilities, services and goods. Goods donated for distribution to beneficiaries are recognised as income when receivable at fair value (being an estimate of the amount it would cost to purchase those items). Facilities, services and goods donated for the charity's own use are recognised as income when receivable at their value to the charity.
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 9
## **THANET COMMUNITY CHURCHES**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
## **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
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
- General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.
## 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 Stocks of goods purchased for re-sale are stated at the lower of cost and net realisable value. Stocks of donated items held for distribution to beneficiaries are measured at fair value; stocks of goods donated for the charity's own use are valued at an estimate of their value to the charity.
Page 10
## **THANET COMMUNITY CHURCHES**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
## 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
**4**
**Income from charitable activities**
Building & room hire income
Coffee shop sales
Other income
**5**
**Investment income**
Bank interest|2024
£
103,766
77,822
10,231
191,819
2024
£
53,601
62,665
1,176
117,442
2024
£
201
201|2023
£
75,636
134,342
9,469|
|---|---|---|
|||219,446|
|||2023
£
48,370
50,623
1,196|
|||100,189|
|||2023
£
381|
|||381|
Page 11
## **THANET COMMUNITY CHURCHES**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
## **6 Charitable expenditure**
|**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 6c)
**b**
**Costs incurred on support & administration**
Governance costs
Independent examiner's fee
Administration
Contractor costs
Depreciation of tangible fixed assets
Insurance
**Total expenditure**|2024
£
122,725
6,361
12,361
13,298
14,359
21,284
4,042
7,448
201,878
3,565
205,443
3,780
3,780
7,778
38,693
4,751
4,333
59,335
264,778|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|
The fee payable to the independent examiner for preparing and examining the accounts was £3,780 (2023: £3,600); in addition the charity paid £1,329 (2023: £1,329) 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
1,800
2,400
Institutions
£
600
3,000
3,600|Individuals
£
-
1,165
1,165
Individuals
£
-
864
864
2024
£
1,800
600
2,400|2024
£
600
2,965|
|---|---|---|---|
||||3,565|
||||2023
£
600
3,864|
||||4,464|
||||2023
£
3,000
600|
||||3,600|
Page 12
## **THANET COMMUNITY CHURCHES**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
## **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 (2023: 16). 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 £31,581 (2023: £30,546).
No trustees received employment benefits in either the current or preceding year.
## **8 Tangible fixed assets**
|Cost
At 1 September 2023
Additions
Disposals
At 31 August 2024
Accumulated depreciation
At 1 September 2023
Charge for the year
Eliminated on disposal
At 31 August 2024
Net book value
At 31 August 2024
At 31 August 2023|Fixtures,
fittings and
equipment
£
19,004
-
-
19,004
5,342
4,751
10,093
8,910
13,661|Total
2024
£
19,004
-
-|
|---|---|---|
|||19,004|
|||5,342
4,751
-|
|||10,093|
|||8,910|
|||13,661|
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|2024
£
500
500|2023
£
500|
|||500|
Page 13
## **THANET COMMUNITY CHURCHES**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
## **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|2024
£
11,502
19,597
-
31,098
2024
£
175,554
130
175,684
2024
£
3,860
3,780
19,000
26,640|2023
£
2,712
9,366
656|
|---|---|---|
|||12,734|
|||2023
£
145,097
130|
|||145,227|
|||2023
£
3,653
3,600
20,000|
|||27,253|
## **13 Deferred income**
Deferred income comprises the following:
|Grants
20,000
(20,000)
19,000
19,000
Within one year
19,000
19,000
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|2024
£
20,000
(20,000)
19,000
19,000
19,000
19,000|2023
£
-
-
20,000|
|---|---|---|
|||20,000|
|||20,000|
|||20,000|
The deferred income relates to a grant which is funding a series of projects over a 3 year period as part of the 'Empower' fund. 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, which was released in the current period. Another grant of £19,000 was received in July 2024 which has been deferred for use in the 2024/25 accounting period. As this project and the expenditure related to the funding 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 (2023: £1,571) were payable to defined contribution personal pension schemes. Pension contributions of £295 were owing at the balance sheet date (2023: £295).
Page 14
## **THANET COMMUNITY CHURCHES**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
## **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
Empower
Parenting Together Margate
Parenting Together Ramsgate
Special Offering
Our Space
Aggregate of funds|Opening
balance
2024
£
5,860
5,860
52,455
58,315
26,829
13,439
35,241
150
-
5,907
1,864
218
2,906
86,554
144,869|Incoming
resources
2024
£
-
-
232,072
232,072
-
5,000
44,880
-
19,000
8,509
-
-
-
77,389
309,462|Outgoing
resources
2024
£
-
-
(176,774)
(176,774)
-
(18,875)
(38,436)
-
(17,147)
(10,510)
-
-
(3,036)
(88,004)
(264,778)|Transfers
in the year
2024
£
-
-
(565)
(565)
-
436
-
-
-
-
-
-
129
565
-|Gains and
losses
2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|Closing
balance
2024
£
5,860|
|---|---|---|---|---|---|---|
|||||||5,860
107,188|
|||||||113,048|
|||||||26,829
-
41,685
150
1,853
3,906
1,864
218
-|
|||||||76,504|
|||||||189,552|
## **Analysis of net assets by fund**
The assets and liabilities of the various funds were as follows:
||Unrestricted Funds|Unrestricted Funds|||
|---|---|---|---|---|
||General|Designated|Restricted||
||funds|funds|funds|2024|
||£|£|£|£|
|Tangible fixed assets|4,049|-|4,861|8,910|
|Stock|500|-|-|500|
|Debtors|31,098|-|-|31,098|
|Cash at bank and in hand|98,182|5,860|71,643|175,684|
|Creditors falling due within one year|(26,640)|-|-|(26,640)|
||107,189|5,860|76,504|189,553|
Page 15
## **THANET COMMUNITY CHURCHES**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
## **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
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
103,260|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
52,455|
|||||||58,315|
|||||||26,829
13,439
35,241
150
0
5,907
1,864
218
2,906|
|||||||86,554|
|||||||144,869|
## **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
£
£
6,074
-
500
-
12,734
-
59,343
5,860
(26,195)
-
-
-
52,455
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)
-
52,455|||
|||||144,869|
Page 16
## **THANET COMMUNITY CHURCHES**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
## **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 **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. The transfer to this fund is to ensure the fund is not in deficit.
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.
**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 **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-me-not' allotment.
The **Parenting Together – Ramsgate** Fund is for parenting projects in Ramsgate. This was started with funding from a 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. The transfer to this fund is to ensure the fund is not in deficit.
## **16 Transactions with related parties**
During the year the charity:
- a) received donations totalling £5,140 (2023: £3,600) from trustees.
- b) no expenses (2023: nil) were paid to, or for, the trustees in relation to carrying out duties associated with being trustees; reimbursements for expenses incurred when acting as agent for the charity or incurred when undertaking employment duties not connected with serving as a trustee are not included in this disclosure.
During the year the charity also made the following payments to, or for, related parties:
- c) Nadine Lamberton, who is closely related to Brian Lamberton, who is a trustee, received employment benefits totalling £nil (2023: £9,121) for providing media services.
- d) Emma Prentice, who is closely related to Craig Prentice, who is a member of key management, received employment benefits totalling £3,200 (2023: £3,123) for providing employment services to the charity
- e) Nathan Prentice, who is closely related to Craig Prentice, who is a member of key management, received employment benefits totalling £6,724 (2023: £6,815) for providing employment services to the charity
Except as disclosed in note 7 'Analysis of staff costs', there have been no other transactions with related parties during the year.
Page 17
## **THANET COMMUNITY CHURCHES**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
|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
2024
2024
£
£
114,430
-
117,442
-
201
-
232,072
-
176,774
-
176,774
-
-
55,298
-
(565)
-
54,733
-
54,733
-
52,455
5,860
107,188
5,860
Unrestricted funds|Restricted
2024
£
77,389
-
-
77,389
88,004
88,004
(10,615)
565
(10,050)
(10,050)
86,554
76,504|Total
2024
£
191,819
117,442
201
309,462
264,778
264,778
-
44,684
-
44,684
-
-
-
44,684
144,869
189,553|||General
Designated
2023
2023
£
£
105,593
-
100,189
-
381
-
206,163
-
208,594
-
208,594
-
-
(2,431)
-
5,551
-
3,120
-
3,120
-
49,335
5,860
52,455
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
320,016
278,407
278,407
-
41,609
-
41,609
-
-
-
41,609
103,260
144,869|
|---|---|---|---|---|---|---|---|---|---|
Page 18