Thanet Community Churches
Report and Accounts Year ended 31 August 2025
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
THANET COMMUNITY CHURCHES
CHARITY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2025
Trustees
Brian Lamberton David Parkinson Karon Wheeler
Key Management
Craig Prentice (Team Leader) Nathan Prentice (Elder)
Governing Document
CIO constitution dated May 2015
Charity Registration Number Principal Address
1163414
The Corner 60 Whitehall Road Ramsgate CT12 6DF
Independent Examiner
Nick Spear ACCA 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 2025
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 2024 – December 2024 (Terms 1 & 2)
As is the case most years, during August many of our programmes and groups have a well-deserved rest. We did however, take 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 continued with the Colyer Fergusson-funded ‘Empower Project’. Throughout this year we ran 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. All of these groups were well attended.
The topUP project, which is funded by the Pargiter Trust, through the Kent Community Foundation, and also by the Relational Mission Community, continued to support older adults over this period.
In September we took on a ‘year-out’ student through the ‘ID programme’ in our church Network. The 18-year-old was freely accommodated by a couple in the church and volunteered for around 16 hours a week, primarily helping in work with teenagers.
We continued to engage with children and families from both our Ramsgate base, The Corner, and also our Margate allotment project. Though we didn’t receive any new funding from Save the Children’s Margate Early Learning Community, we continued to run Stay & Play groups and engaged in the network. We did begin conversations with a Margate primary school about joint working and applied for funding for a project, but we were unsuccessful in the bid.
Our work with CAP Debt Help had been paused since December, but we began having conversations with other church leaders across Thanet to get this work restarted.
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 had a ‘walk thru nativity event’ at our allotment. And 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 2025
Summary of the charity's main activities and achievements (continued)
January 2025 – April 2025 (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.
Our various projects got back up and running after the Christmas break but sadly the part-time member of staff overseeing the topUP project moved on into full-time employment elsewhere. We recruited a new member of staff to the post by the end of this period.
During this period, we received the funding from the Dorothy Kerin Trust to build new structures on our allotment project in Margate. We were awarded £33,500 to build a new large Cabin on the site, a gazebo and a reflection hut. The building work started in the next term.
In January we ran an Alpha course at The Corner, which became our best attended Alpha course that we have ever run.
The Margate congregation relocated their Sunday gatherings to the Millmead Children’s Centre during this period. And we began conversations with the management team there about other partnership opportunities.
As a church family, once again we celebrated Easter with our community. In Margate we ran a set of family Easter celebration events using the popular 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 10 new believers at a large Easter Sunday celebration at the Royal Harbour Academy School.
May 2025 – August 2025 (Terms 5 & 6)
After the Easter break our programmes resumed. The new member of staff began overseeing the topUP project.
Sadly, by the end of this period, both this new member of staff and also the member of staff overseeing the ‘Empower’ programmes, both handed in their notice. Both found full time work elsewhere. This second member of staff had been with us for around 8 years, working on a number of different fundedprojects, so this was a big blow to the team. We celebrated their work and said goodbye at a summer party.
The CAP Debt Help Project gathered enough financial support from a group of 5 churches to restart this important work. We began the process of recruiting a Debt Centre Manager during this period.
A single person was recruited to take on the part-time role of Debt Centre Manager, but also the parttime roles of ‘topUP’ and ‘Empower’ for the final periods of their funding (topUP – a few months; Empower – a year).
During this period the building work at our allotment-base began. We constructed a gazebo-covered area for small groups, cooking and eating; a reflection hut next to the pond for counselling and prayer; and a large (40+ person capacity) wood cabin where we could gather groups of people. We renamed the site, ‘The Cabin’, which has become ‘the home and centre of mission’ for the Margate congregation. We moved a number of our Margate-based activities to the base including our Sunday services during the bright and dry weather.
Page 3
THANET COMMUNITY CHURCHES
TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
Summary of the charity's main activities and achievements (continued)
Having worked with Thanet District Council who lease the allotment spaces to us, we have signed an ‘Outside Space Management Agreement’ such that we can run a broader project from the base. This also means that we can hire the space out to other community partners and make a small income.
We intend to install a log-burner later this year to allow The Cabin to be used throughout the year.
Also during this period, we set out on teaching the church family a new ‘discipleship structure’ called Practising the Way. Our hope is that it will give existing church members and new people a foundation for life-long discipleship.
In July/August of this year, once again, we took a group of young people to the Newday 2025 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 building of our new base – The Cabin. But it has also been challenging seeing a number of our project team move on into full-time employment.
The reopening of The Thanet Cap Debt Centre gives us great hope for the end of 2025.
This all 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 £29,632, to £279,829, and expenditure decreased by £39,544, to £225,324. As a result surplus for the year increased by £9,911, to £54,595, and the charity's net assets increased by the same amount, to £244,147. Net current assets increased by £24,719, to £205,361.
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 £125,269, and the charity is complying with its reserves policy.
Page 4
THANET COMMUNITY CHURCHES
TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
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:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether the applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements; and
- 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:
Brian Lamberton
_______Brian Lamberton (Jul 12, 2026 21:30:30 GMT+1) BRIAN LAMBERTON Jul 12, 2026 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 2025 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 Association of Chartered Certified Accountants, 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:
-
accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
Nick Spear
Nick Spear (Jul 14, 2026 09:11:46 GMT+1)
Nick Spear ACCA Association of Chartered Certified Accountants Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: Jul 14, 2026
Page 6
THANET COMMUNITY CHURCHES
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2025
| 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 £ 104,630 111,802 145 216,577 183,053 183,053 33,524 19,787 53,311 113,049 166,359 |
Restricted Funds £ 63,252 - - 63,252 42,181 42,181 21,071 (19,787) 1,284 76,504 77,788 |
Total Total Funds Funds 2025 2024 £ £ 167,882 191,819 111,802 117,442 145 201 279,829 309,462 225,234 264,778 225,234 264,778 54,595 44,684 - - 54,595 44,684 189,553 144,869 244,147 189,552 |
|---|---|---|---|
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 2025
| 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 £ 36,651 36,651 500 20,701 135,064 156,266 (26,557) 129,709 166,359 161,919 4,440 166,359 - 166,359 |
Restricted Funds £ 2,135 2,135 - - 75,653 75,653 - 75,653 77,788 - - - 77,788 77,788 |
Total Funds 2025 £ 38,786 38,786 500 20,701 210,717 231,918 (26,557) 205,361 244,147 161,919 4,440 166,359 77,788 244,147 |
Total Funds 2024 £ 8,910 |
|---|---|---|---|---|
| 8,910 | ||||
| 500 31,098 175,684 |
||||
| 207,282 (26,640) |
||||
| 180,642 | ||||
| 189,552 | ||||
| 107,188 5,860 |
||||
| 113,048 76,504 |
||||
| 189,552 |
The financial statements were approved by the Board of Trustees and were signed on its behalf by:
Brian Lamberton
Brian Lamberton (Jul 12, 2026 21:30:30 GMT+1) --------------------------------------BRIAN LAMBERTON
Jul 12, 2026 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 2025
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 2025
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 25 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 2025
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 Income from charitable activities Building & room hire income Coffee shop sales Other income Investment income Bank interest |
2025 £ 100,241 57,500 10,141 167,882 2025 £ 52,611 57,808 1,383 111,802 2025 £ 145 145 |
2024 £ 103,766 77,822 10,231 |
|---|---|---|
| 191,819 | ||
| 2024 £ 53,601 62,665 1,176 |
||
| 117,442 | ||
| 2024 £ 201 |
||
| 201 |
4 Income from charitable activities
5 Investment income
Page 11
THANET COMMUNITY CHURCHES
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2025
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 |
2025 £ 121,728 4,574 11,565 16,336 11,345 19,622 6,963 5,795 197,927 2,967 200,894 3,420 3,420 6,208 5,611 5,101 4,000 24,340 225,234 |
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 |
The fee payable to the independent examiner for preparing and examining the accounts was £3,600 (2024: £3,600); in addition the charity paid £1,315 (2024: £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 £ 750 500 1,250 Institutions £ 600 1,800 2,400 |
Individuals £ - 1,717 1,717 Individuals £ - 1,165 1,165 2025 £ 500 750 1,250 |
2025 £ 750 2,217 |
|---|---|---|---|
| 2,967 | |||
| 2024 £ 600 2,965 |
|||
| 3,565 | |||
| 2024 £ 1,800 600 |
|||
| 2,400 |
Page 12
THANET COMMUNITY CHURCHES
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2025
7 Analysis of staff costs, the cost of key management personnel and trustee remuneration
The average monthly number of employees during the year was 9 (2024: 12). 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 £48,384 (2024: £31,581).
No trustees received employment benefits in either the current or preceding year.
8 Tangible fixed assets
| Cost At 1 September 2024 Additions Disposals At 31 August 2025 Accumulated depreciation At 1 September 2024 Charge for the year Eliminated on disposal At 31 August 2025 Net book value At 31 August 2025 At 31 August 2024 |
Land & Buildings £ - 34,976 - 34,976 - 350 350 34,626 - |
Fixtures, fittings and equipment £ 19,004 - - 19,004 10,093 4,751 14,844 4,159 8,910 |
Total 2025 £ 19,004 34,976 - |
|---|---|---|---|
| 53,980 | |||
| 10,093 5,101 - |
|||
| 15,194 | |||
| 38,786 | |||
| 8,910 |
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 November 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
| Purchased for re-sale, at cost | 2025 £ 500 500 |
2024 £ 500 |
|---|---|---|
| 500 |
Page 13
THANET COMMUNITY CHURCHES
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2025
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 |
2025 £ 1,328 19,373 - 20,701 2025 £ 210,587 130 210,717 2025 £ 3,957 3,600 19,000 26,557 |
2024 £ 11,502 19,597 - |
|---|---|---|
| 31,098 | ||
| 2024 £ 175,554 130 |
||
| 175,684 | ||
| 2024 £ 3,860 3,780 19,000 |
||
| 26,640 |
| 13 Deferred income Grants 19,000 (19,000) 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 Deferred income comprises the following: |
2025 £ 19,000 (19,000) 19,000 19,000 19,000 19,000 |
2024 £ 20,000 (20,000) 19,000 |
|---|---|---|
| 19,000 | ||
| 19,000 | ||
| 19,000 |
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 previous period. Another grant of £19,000 was received in July 2024 which was deferred for use in the current accounting period. A further £19,000 was received in August 2025 which has been deferred for use in the 2025/26 accouting period. As the expenditure relating to the funding was not incurred 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 £1,610 (2024: £1,571) were payable to defined contribution personal pension schemes. Pension contributions of £357 were owing at the balance sheet date (2024: £295).
Page 14
THANET COMMUNITY CHURCHES
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2025
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 CAP CCM Centre of Mission Our Space Aggregate of funds |
Opening balance 2025 £ 5,860 5,860 107,188 113,048 26,829 - 41,685 150 1,853 3,906 1,864 218 - - - 76,504 189,552 |
Incoming resources 2025 £ - - 216,577 216,577 - 8,000 - 250 19,000 152 - - 1,500 34,350 - 63,252 279,829 |
Outgoing resources 2025 £ - - (183,053) (183,053) - (7,821) (2,999) - (20,846) (4,415) - (218) - (5,883) - (42,181) (225,234) |
Transfers in the year 2025 £ (1,420) (1,420) 21,207 19,787 5,092 6,074 (10,914) - 1,000 4,811 18 - 1,650 (28,107) 588 (19,787) - |
Gains and losses 2025 £ - - - - - - - - - - - - - - - - - |
Closing balance 2025 £ 4,440 |
|---|---|---|---|---|---|---|
| 4,440 161,919 |
||||||
| 166,359 | ||||||
| 31,921 6,253 27,772 400 1,007 4,454 1,882 - 3,150 360 588 |
||||||
| 77,788 | ||||||
| 244,147 |
Analysis of net assets by fund
The assets and liabilities of the various funds were as follows:
| ysis of net assets by fund 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 £ £ 36,651 - 500 - 20,701 - 130,625 4,440 (26,557) - 161,919 4,440 Unrestricted Funds |
Restricted funds £ 2,135 - - 75,653 - 77,788 |
2025 £ 38,786 500 20,701 210,717 (26,557) |
| 244,147 |
Page 15
THANET COMMUNITY CHURCHES
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2025
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 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 86,554 144,870 |
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
In the previous year, 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) | |
| Creditors falling due after one year | - | - | - | - | |
| 107,188 | 5,860 | 76,504 | 189,552 |
Page 16
THANET COMMUNITY CHURCHES
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2025
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 correct prior year errors in fund allocations.
The Corner Fund relates to giving specifically for The Corner and its development. The transfer out of this fund is to correct prior year errors in fund allocations.
The Biblical Counselling fund has been set up for the benefit of those seeking counselling.
The Empower Fund provides funding for a range of community support initiatives, including the Phoenix Project, which supports women seeking to break free from cycles of domestic abuse; CAP Money Coaching, which equips people with the skills and tools needed to create and manage a budget; Fresh Start, which seeks to empower people to overcome lifecontrolling habits; and various other support groups serving local people.
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 'Forgetme-not' allotment. The transfer to this fund is to correct prior year errors in fund allocations.
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 CAP Fund is for an inter-church project running the Thanet CAP Debt Centre. Thanet Community Churches is taking the lead on overseeing the project, with income and relevant expenditure including the employment of the Centre Manager.
The CCM CoM Fund is for developing a Margate base from where the church can serve the community. The transfer out of this fund mainly relates to the capitalisation of a cabin, which is now unrestricted in use.
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 correct prior year errors in fund allocations.
16 Transactions with related parties
During the year the charity:
-
a) received donations totalling £13,328 (2024: £5,140) from related parties (which includes trustees, any other members of key management and anyone closely connected to them).
-
b) no expenses (2024: 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) Emma Prentice, who is closely related to Craig Prentice, who is a member of key management, received employment benefits totalling £3,312 (2024: £3,200) for providing employment services to the charity
-
d) Nathan Prentice, who is closely related to Craig Prentice, who is a member of key management, received employment benefits totalling £11,455 (2024: £6,724) 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 2025
| 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 2025 2025 £ £ 104,630 - 111,802 - 145 - 216,577 - 183,053 - 183,053 - - 33,524 - 21,207 (1,420) 54,731 (1,420) 54,731 (1,420) 107,188 5,860 161,919 4,440 Unrestricted funds |
Restricted 2025 £ 63,252 - - 63,252 42,181 42,181 21,071 (19,787) 1,284 1,284 76,504 77,788 |
Total 2025 £ 167,882 111,802 145 279,829 225,234 225,234 - 54,595 - 54,595 - - - 54,595 189,552 244,147 |
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 - - - 44,684 144,869 189,552 |
|||
|---|---|---|---|---|---|---|---|---|---|
Page 18