REGISTERED COMPANY NUMBER: 09122651 (England and Wales) REGISTERED CHARITY NUMBER: 1163509 REPORT OF THE TRusfEES AND UNAUDITED ANANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 *AB)URAS2' 29112rk022 COMPANIES HOUSE
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BROADSTAIRS TOWN TEAM LTD CONTENf5 OF THE FINANCIAL STATEMENY5 FOR THE YEAR ENDED 31 MARCH 2022 Page Rèfèrence and admknlstrative detslls thairfs ststement Rèport of the trustees Indpendnt Examlner's report Statement of Financial Activities Balance sheet Notes lo the accounts 9-15 Detalled Statement ot Flnandal Aclivitie5 16
8ROADSTAIRS TOWN TEAM LTO REFERENCE AND ADMJNSTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2022 TRUSTEES Mr5 K Cleverdon Ms K Millett MT S J Hardy Mrs P A Hardv REG15TEREO OFFICE 7 The Broadway Broadstairs Kent CTIO Z4D REGISTERED COMPANY NUMBER 09122651 (England and Wales) EGISTERED CHARifi NUMBER 1163509 INDEPENDENT EXAMINER Stephen Margetts 18 Vpper Dane Road Margate Kent CT9 2LX Page I
BROA05TAIRS TOWN TEAM LTD CHAIR'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2022 Whilst Covid 19 dld hamper lots of our activities as Town Team volunteers last year. and we were and are still mindful of our responsibilities to ensure everyone stays safe, the remainder of 2021 saw us bounce back to what will be a 'new normal, as a group. Our income from Shed produrt sales and community work. Shed membership fees antl fundraising have been topped up by donations and grants from Kent County Council, Philip and Connie Phillip5 Foundation and the Job Retention Stheme. During 2021 we searched for a new COrdInatOr to help take the Shed into its 9 year of operation. It remains a truly wonderful asset in our community. member numbers continue to climb and learnin85 from our pilot 'Novrish and Flourish, programme of information and workshops for members developed further this year thanks to a grant from KCC. Art classes. health and well-being sessions and participation in a significant post Covid well-being research project. The presentation by The Lady Colgrain, Lord LiÈutÈnant of Kent of The'Queen's Award for volunteerf Ithe equivalent of an MBE for volunteers) with the trophy and the Queens statement to Shed Heads took place in the Open air in July something we are all immensely proud of. Our fundraising efforts at our annual 'Mince Pie Open Dav brought over 150 visitors to The Shed to see what we do and help us sustain the project.. We still remain steadfast in our fundrai&n£ towards the badly needed new roof. We progre55ed thank5 to the special support of all our Gartlens Group volunteers. to maintainin8 9 sites in and around the town. The Loijisa Bay beds and the new team of volunteers that make them so special developed further too. Our first ever application to the Royall Horticultural Society tn the'lys Your Nei8hbourhood' category in the Spring in mearnt a visit from an RHS judge in July for gur assessment. Marty hours of preparation and planning culminated in thatjud8in8 day. The judge was extraordinarily impressed with the woik and the results refletted thai which was shared with the garden volunteers at a Thank You and certificate yving ceremony. A new Town Team initiative Tasty planters, devised and initiated byvolunteer Barbara Wallace saw us offer a new opportunity for volunteers to grow edible plants and seed sharing opportunities in the centre of town. The Project pilot will come to fruition with a planned launch in April. Another. new group of dedicated volunteers have come together, all al made possible by considerable investment and sponsorship by local businesses and grants. The 5 troughs have been made to measure at The Shed. Our Autumn and Winter litterpicks continued, a5 did multiple collaborations with other community organi5atlons. schools and the college. with Town Team supporting them vAth signpostin& advice, equipment loan, volunteer Cordination and support. The collaborations are an integral part of what we do- and this year was no exception. Thank you Pip, Simon. Debbie and Karen. For always being there. For carin& for eiving your precious time and knowledge to help us continue to make a difference. What Covid 19 and the challenges presented us with as a community group. we faced together in 2021-2 and in a CUTIOUS way just cemented the bond between us. The way we Collective found solutions to ensure that our work with and for the Town also meanl that voltjrhteers could safely gather together again, biinging all the benefits that working together with and for our town to indidual5, and Éroups or local residents. Connerting people and providing tommunity projects has always been important to us and post pandemic and with nervousness about working together it was even more vital. Am sure we'll continue to build on our successes from the last year and enjoy and drive projert5 togethér to make our town even nicer. Whal a team we have. Kerry Millett Chair of Trustees Page 2
BROADSTAIRS TOWN TEAM LTD REPORT OF THE TRUSTEES FOR THE YEAR ENOED 31 MARCH 2022 The trustees who are also directors of the charity for the purposes of the Companies Act 2C06. present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice appltcable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 OBJEcllvES AND AcllviTIES Oblertlves and alms The objectives of the charity as stated in our governing document are: To promote for the benefit of the inhabitants of the town of Broadstairs and St Peters to advance edutation and to provide facilities in the interests of social welfare for recreation and leisure-time ¢xcupation with the objert of improving their condition5 of life,. To promote for the inhabitants of Broadstairs and St Peters the advancement of citizenship and community development through the promotion of volunteerin& community Èngagement and civic responsibility. by improving the 50cizI and community infrastrurture of underused recreational and public areas, induding our town. parks and beaches. To achieve these objertives our aim$ are to-. in5tig3te, participate in. exetute and promote volunteer-led projects for the benefit of the inhabitant5 of and visitors to Broadstairs and St Peters and to enhance our key features, buildings and High Street,. work with other community groups and the local authorities on relevant projetts where our knowledge. expertise. skills. enthu51a5m and volunteerfor¢e on add weight and delNery. We are a Broup of volunteers who thoose to work together forthe good of our town. We have come tO8ether to do positive thin85, where we can see ways we can help. to make our town even better than we already know it is. When planning our activities. the trustees have Considered the Charities Commis5ion'5 8uidan¢e on public benefjt. including the guidance'public benefit.. running a charity IPB21'. Signlflcant artivilies and achievements We endeavour to encourage all within our community to tske part in aur artmties. The Covid pandemic still had an èffrft on our activities this year due to the restnctions in place at the start of the year. However activities returned to normal during the year. Qur projert'8roadstairs Town Shed. is aimed primarily at older men. a group traditionally under represented in community and social activities. Lonellness. isolation and depression are high risk factors for this group. Thanet is the most deprived district in Kent and Broadstairs has the highest nurnber of over 65s in the county. SO the project fulfils a particularlv significant rolÈ within the county. Whilst initially aimed at older men we are pleased to welcome others to the 5hed- all are welcome. The 8roadstairs Town Shed offers older people the opportunity to take part in regular woodworking sessions and offers space for skills to be shared and learnt. friendships io be made and projects completed. Shedders pay membership fees to contribute to the running costs of the Shed. The start of the year lor the Shed WÈ still had'bubbles, in placè to redu Shedders contact with other people but everyone was very pleased to have the Shed back open in the normal way during thi5 year. It was good to be back to normal activities and raise money by selling products and working in the community. The Shedders have enjoyed being back working together. After belng delayed by the panderiiic. it wa5 good to get the Shedheads lour lead Sheddersl togetherto receive their well deserved Queens Volunteers Award- what an accolade! continued... Page 3
BROADSTAIRS TOWN TEAM LTD AEPORT OF THE TRUSTEES- contlnued FOR THE YEAR ENDED 31 MARCH 2022 Signllkaht acti¥ltie5 and achlè¥emtnts- cont We lovè our town aTrJ we like 10 to l¢)ok its besi th volunteer litter wcking and gardening events. It Is always great and so satisfying to see the difference we can make ifwe pull together for the good of the towrL Our Gardèns Group have worked hard in a number of areas around the town includeing an area of unused land at the entrance to one our town's beaches and have improved this area. The group entered the RHS It's Your Neighbourhood Scheme for the first time in the summer and reCeId great feed back and scores. Tasty Planter is a pilot projert where planters made by the Town Shed have been set up in Pierremont Park with vegetables and other edible plants and flowers. The planters are maintained by volunteers and the produce is available to all. This.has resulted in a number of plant and Share èvents and excellent feedback and engagement from the community, includin8 many people who have never grown their own food before. STRUCTURE GOVERNANCE AMD MANAGEMENT GovernbnÈ document Broadstairs Town Team Limited was incorporated on 9 July 2014. The company is limited by guarantee and was established under a Memorandum of As%Kiation and 15 governed under ht5Articles of Association a5 amended on 14 July 2015. The company was registered as a charity on 11 September 2015. The company was dormant until l Ortober 2015, when the actbvlties and fvnds of the BroadstairsTown Team community Èroup were transferrèd to the charity. Recruitment and appolntment of new Iru5tees The directors of the eompany are also charity tnjstees forthe purposes of tharity law. Trustee5 are 5ubjÈtt to a rolling three vearly appointment and the chair is appoinied by the trustees. New trustees are appointed at the AGM. All trustees give their timè voluntèrily and reteive no benefits from the charity. Indurtlon and tr•lnSng of new trustees New trustee5 are already familiar with the prartical work of the tharity havin8 already become involved in existing projects. They are briefed on their legal obligation5 under charity and company law. the Charity Commission guidance on public benefit and the content of the Memorandum of Articles and Association. FINANCIAL REVIEW The results for the year show a deficit for the year of £139 on unrestrirted fund$12021: deficit £3.0121, leaving a balanee in the fund of E453 at the year end. Broad5tairs Town Shed is a restricted fund and has its own column in our accounts as it is our largest projert. During the year there wa5 a deficit of £7,53812021-. surplus £17,01818iving a balance on the fund of £54,453. With the Shed open again, we were able to raise funds through produrt 5ale5 and community work. Our Shedders continue to contribute to the running of thè Shed with membership fees. We also received grants during the yearwhich are detailed in the accounts. The Shed Roof fvnd had a surplus in the ye3r of £S.10S taking total funds raised to £12.522. We Still have further to 80 to raise the funds needed to repair the Shed's very leaky roof. This the the first year that the Gardens Group have had sFgnificant donations whith have been put to good use and there is a surplus on this fund for the year of £1,539. The shed Lift Fund shows a deficit for the year of E3.6(K) which is the depreciation for the year. Overall, the charity made a deficit of £4,52212021: surplus £10.4061. continued... Page 4
BROADSTAIRSTOWN TEAM LTD REPORT OF THE TRUSTEES- continued FOR THE YEAR ENDED 31 MARCH 2022 FINANCIAL REVIEW tontlnued Reserves The charity aims to keep reserves sufficient to cover three month5 running cost5. This report has been prepared in accordance with the spttial provisions of Part 15 of thÈ Companies Act 2006 relating to small companies. Approve by ordèr of the Board of trustees on 12 1ktvn6ef20I signed on its behalf by: Ms K Millett- trustee Pa8e 5
INDEPE140ENT EXAMINER5 REPORTTO TIIETRVSTEESOF 8ROAD¥tAIASTOWN TEAM LTD IndependenteKaminerfs repOrtt0thÈtnlées of Broadsi¥wsTownT¢am Ltd I report tothe £haritytrusteeson my examination of the acmunts of the ccthpany for the yearended YI March 2022 whith are set out on pages 7 to IS. Responsibilities and basis of report Asthe charity trustees ofthe companyland a0 its dirertorsfotthe wrposes of cornpany lawl you are resFK)n5ible for the preparatiorb olthe ac¢ounts in a1coidaeTrth the reouireffnts ofthe Companies Aci lhe 2ffi6 Att'l. Hawn8 satisfled myselfthat theaccountsof the companyarerKt required w be audited der Part 16 of the 2¢KJ6Act4nd are ellEible for independent exorninalion, I report in re5pe(t of my txamination of your company's accounts as £affied out under section 145 of the Charities Act 2011 Ithe 2011 ACVI. In carrwn&out myexaminatian I have followed thÈ direttions given by the Ch3rity Comrnis5ion under settion 14515llbl of ihe 2011 kl. Independentexamlnerfs staiemeni I havecornpleted myexamn3tion. I conftrm that no rnatter5 have tome to myattention ln conneaion th the examlnatiM gi¥inÉ me cause ro bdieve that ir• any material respert.. l accounting recordswere rKSt kept in respect of the companya5 required by Sett 386 of the 2006 Art,. or 2 the accovnt5 do not 3ccDrd wth those records.. or 3 the accounts do nDt cornplywith the acctyjniine requirement5 of section 396 of Ehe 2006Act otherthan any requirement that the a£count58i¥ea fair whith isnoi a matter considered a5 part of an independent examination." or 4 the accounts have been prepared in accordae1th the meth(#Js and yinrAple5 of the Staternentof Recommended Practice for actounting Tepothng by charities applicable to charities Pfeparing their accounts in accordance with ihe Financial 8eponing Standard applK3ble in the UKand Republitof Ireland IFRS 1021. I have no cancerns and have tome acr¢>ss noothèrmattÈts in connethon wTth the examinatH)n to which attention should be drawn in this report in order to enable a proper vnder5tandin8 of the accountsto bÈ TÈ3thed. Signed.. Stephen Mar8etts 18 Upper Dane Road Margate Kent CT9 2LX Date.. Pale 6
BROADSTAIRS TOWN TEAM LTD STATEMENT OF FINANaAL ACTIVMES FOR THE YEAR ENDED 31 MARCH 2022 Unrestricted funds Restricttd fvnds Broadstalrs Town Shed 2022 Total lund5 2021 Total fvnd5 Note5 INCOME AND ENOOWMENfs FROM Donations and legacies 7.477 14.714 22,191 31,621 Charltabk attIvI*S Shed product sales and coiiimunity work Shed membership fees Friends of the Shed 5,834 8,491 5,834 8.491 i.oii 8,523 2S Other trading activities 2.704 2,704 Total 10,181 29,039 39,220 41,180 EXPENDITURE ON Raising funds 156 156 263 Charltable actlvltles Broadstairs Town Shed The Station Crew Garden5 Group Tasty Planters Cornmunitysupport Litterpickin8 36.577 40,177 25,021 305 362 3.131 139 3.131 139 4,823 139 139 Total 139 7,026 36.S77 43,742 30.774 INCOME I IEXPENDITUREI 11391 3.155 17.5381 14.5221 10,406 Transfers between funds Net movement in funds 1139) 3.155 17,5381 {4,5221 RECONCIUAnON OF FUNDS Totsl funds brought forward 592 14,767 61.991 77,350 66,944 TOTAL FUNDS CARRIED FORWARD 453 17.922 54.453 72.828 77.350 The notes fomi part of these financial rtatement5 Page 7
BROADSTAIRS TOWN TEAM LTD BALANCE SHE 31 MARCH 2022 Unreslrirted Re5trirted Broad5tair5 lunds nds Town Shed 2022 Total funds 2021 Total funds Notes FIi(ED ASSETS Tangible assets 7,918 11.518 17.976 CURRENT ASSETS Debtor5 Cash at bank and in hand 4.464 58.286 62.750 4.429 55,899 60.328 453 453 14.322 14.322 43.511 47,975 CIIEDITORS Amounts falling due within l year io {1.4401 11,4401 19541 NET CUARENT ASSETS 453 14.322 46,535 61,310 59,374 TOTAL ASSETS LESS CURRENT UABILITIES 453 17.922 54,453 72,828 77,350 NET ASSETS 453 17.922 54,453 72,828 77.350 FUNDS Unrestricted fvnds Restrirted funds 453 72.375 592 76,758 TOTAL FUNDS 72,828 77.350 The charitable company is entitled to exemption from audit under 5e¢tion 477 of the Companies Act 2006 for the year ended 31 March 2022. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Sertion 476 of the Companies Act 2¢X6. The trustees acknowledge their responsibilities for lal ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Art 2006 and Ibl preparing financial ststements whith give a true and fair view of the state of aflair5 Of the charitable company as at the end of each financial year and of it5 surplus or deficit for each financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the . requirements of the Companies Act 2Crf)6 relating to financial statements, so far zs applicable to the chariiable company. These financial statements have been preparèd in accordzntÈ with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 12 December 2022 and were signed on its behalf by: rustee K Cleverdon- Trustee The notes form part of these financial statèments PaRÈ 8
BROA0S7AIRS TOWN TEAM LTD NOTES TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 MARCH 2022 I ACCOUNTING POUCIES Basls of preparlng the financial staiements The finart¢ial statements of the charitable company. which is a public benefit entity under FR5102, have been prepared in accordance with the Charhties SORP IFRS1021 'Accounting and Reporting by Chartties-. Statemènt of Recommended Practice applicable to charities prèparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of lieland. and the Companies Act 20C6. The account5 have been prepared under the historical Cost convention. A55et5 and liabilities are initially recognised at histortcal cost ortransaction value unless othenwise ststed in the relevant accounting policy noielsl. The atcount have been prepared on a going concern basis as no material UnrtaIntieS exist. Income Income is recognised when the charity has entitlement to the funds. any performance conditions attachèd to the rtems have been met. it is probable that the intomt will be received and the amount can be measured reliably. Income from government and other grant5. whether capital or revenue, is recognised when the charity has entitlement to the funds. any performaAce tornditions attached to the funds have been met. it 15 probable that the income will be received and the amount can be measured reliably and 15 not deferred. Expendlture Liabilities a recognised as expenditure as soon as there is a legal or construrtive obligation ¢ommittin8 the charity to that expenditure. it is probable that a transfer of economic benefrts will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to that cate80ry. Where costs cannot be dirertly attributed to particular headings they have been allotatÈd to artivities on a basis consistent wrth the use of resources. Tangible fixed assets Tangible fixed assets are included at cost less depre¢iation and impairment. Depreoation has been calculated to write off the tangible fixed assets over their expected useful lives as follows: 10 years Improvements to property 3 years Computer5 5 years Other plant and machinery Taxat5on The charity 15 eyempt from corporation tax on its charitsble activities Fund account5ng Unrestricted lunds Can be used in accordance with the Charitable objectives and the di5cTetion of the trustees. De518nated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are to be solely used for particular projects being undertaken by the charity. Penslon costs and other post-rÈtirement benèfft5 The charitable company operates a defined contribution pen$Tr scheme. Contributions payable to the charitablè company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ontinued... The notes form part of these financial statements Page 9
BROADSTAIRSTOWN TEAM LTD NOTES TO THE FINANaAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2022 I ACCOUNTING POUCIES- contlnued Donated goods Donated Zoods are re¢ogftised as in¢ome when the Charity has Control over the item. any conditon5 a550ciated with the tiansfer have been met. the receipt of economic benefit from the ¢Jse by the Charity of the item is probable and that economic benefit can be measured reliably. Donated goods are recogni5ed on the bas15 of the value of the donation to the charity which is the amount the charity would have been willing to pay on the open market. In accordance with the Charities SORP IFR51021. the general volunteer time is not retognised. Current assets and liabilitie5 Debtors are recogni5ed at the settlement amount due. Prepayments are valued at the amount prepaid. Cash at bank and cash in hand includes cash and short term highly liquid investments. Creditors and provisions are recognised where the charity has a present obliiation resultirt8 from a past event that wlll probably result in the transfer of funds to a third party and the amout due to settle the obligation can be measured or estimated reliably. Creditors and provbsions are normally recognised at their Settrnent amounL 2 DO•JATIONS AND LEGlEs 2021 2021 Donatrons Giants 6,013 8,701 14.714 S.S70 26,051 31,621 Grants ieeeived included in the above, are as follows: 2022 2021 Kent Community Foundation The Hobson Charity TDC Co¥id-19 grant Job Retention Scheme Kent County Council Philip and Connie Phillips Foundation 3,664 2.000 10,000 10,387 1.701 2.000 8,701 26.051. 3 OTHER TRADING ACTIVITIES 2022 2021 Fundraising events 2,704 9,712 4 frJET INCOMEIIEXPENDMJAEI 2022 2021 Net incomellexpenditurel is stated after charginpJlcreditinEI.. Depreciation- owned assets Independent èxamination 6.457 60 7.404 60 continLted... The notes form part of these financial statements Page 10
BROADSTAIRS TOWI4 TEAM LTD NOTE5TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED ai MARCH 202Z 5 TRUSTEES REMUNERATION AND BENEFITS None of the trustees received any remuneration or beneflts during the year. There were no trustees. expen5e5 paid for the year ended 31 March 2022 nor 31 March 2021. STAFF COSTS The average monthly number of employees during the year was.. Broadstairs Towrt Shed All projects 2022 2021 No employees received emoluments in ex¢ess of £60.IXKI. 7 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivmES Unrèstritted funds Restrfded fvnds Broadstalrs Town Shed 2021 Total funds INCOME AND ENDOWMENTS FROM Donations and le8acies 2.576 29,045 31.621 Charitable artlvitie5 Shed product sales and community work Shed membership fees Friends of the Shed i.oii 8.523 25 I,oii 8,523 25 Other trading activities Total 2.576 38,604 41,180 EXPENDITURE ON Raising funds 180 263 arltable actlvltles Broadstairs Town Shed The Station Crew Station Group Community Support 15 305 362 4.823 3.6LKI 21,406 25,021 305 362 4,823 Total 5.$88 21,586 30.774 NET INCOME I IEXPENOITUREI Transfers bètween funds Net Movement in funds RECONCIUATION OF FUNDS Total fund5 brought forward TOTAL FUNDS CARRIED FORWARD 13.0121 630 12,3821 13.6fy)1 16301 14,2301 17,018 10,406 17,018 10,406 2,974 592 18.997 14,767 44,973 61.991 66,944 77.350 continued.... The notes form part of these financial statements Pa8e 11
BROADSTAERS TOWN TEAM LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR E14DE0 31 MARCH 2022 8 TANG18LE FIXED ASSETS Improvements to property Plant and mathinery Total COST At l April 2021 and 31 March 2022 17.147 40.841 57,988 DEPRECIATrON AtIApril 2021 Charge for the year At 31 March 2022 8,656 3,6 12.256 31,356 2.857 34.213 40,012 6.457 46,469 NET 8OOK VAWE At 31 March 2022 4.891 8.491 6,628 9.485 11.519. 17,976 At 31 Marth 2021 9 DEBTORS: AMouf4TS FAWNG DUE WITHIN ONE YEAR 2022 2021 Prepayments and accrLsed income 4.464 4,429 10 cREDoRS. AMOUNTS FALUNG DUE WITHIN ONE YEAR 2022 20ZI Accruals and deferred income 1,440 954 11 MOVMENT IN FUNDS Transfers between fund5 Net rnovement funds At V412021 At 311312022 Uno#ricled funds General fund 592 11391 453 Restrirted funds BroadstairsTown Shed Turner and Dickens Mosaics Gardens Group Tasty Planlers Shed Lift Shed Roof Fund 61,991 Iso 17,5381 54,453 Iso 1,539- iii 3.600 12,522 72.375 1.539 iii 13,6LKII 5.105 14.3831 7,2 7,417 76.758 TOTAI FUNDS 77350 14.522) 72.828 ¢ontinved... The notès form part of these financial statements Page 12
BROADSTAIRS TOWN TEAM LTD NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR £NOED 31 MARCH 2022 11 MOVMENT IN FUI405- ¢ontlnued Incomin8 re50urce5 Resources expendÈd Movement in funds Unrestrktèd funds General fund 11391 11391 Restricted funds 8road5tairs Town Shed Gardens Group Tasty Planters Shed Lift Shed Roof Fund 29.039 4,670 250 136.5771 13,1311 11391 13,6001 11561 143.6031 17,5381 1,539 iii 13,61KII 5.105 14,3831 5,261 39.220 TOTAL FUNDS 39.220 (43.7421 14,522} Comparatlve5 for movement In fvnds Net movement i fvnds Transfers bètwte funds At 11412020 Al 311312021 Vnre5trlded funds General fund 2.974 13.0121 630 592 Re5trictd fujxls 8roadstairs Town Shed Turner and Dicken5 Mosai Thanet Hut Watch Shed Lift Shed Rotsf Fund 44.973 Iso 630 10.8fy) 7,417 63.970 17.018 61,991 Iso 16301 13,6001 7.2C 7,417 76.758 13,418 16301 TOTAL FUNDS 10.406 77.350 Intomlng resources Resources expended Movement in funds CompaTlvÈ net movement In lunds included al>o¥e: Unrestricted funds General fund 2,576 15,$881 13.0121 Restrlcted funds Broadstairs Town Shed Shed Lift 38.604 121,5861 13,6001 125,186 17,018 13.6001 13.418 38,604 TOTAL FUNOS 41.180 130.7741 10.406- continued... The notes form part of these financial statements Page 13
8ROADSTAIRSTOWN TEAM LTD NOTES ro THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2022 11 MOVMENT IN FUNOS- continu A current year 12 months and prioryear 12 months combined position 15 as follows: 14et Translers bètweèn funds movement In funds At 11412020 At 311312022 Unre51rirted funds General fund 2.974 13.1511 630 453 Re5trkted fvnds Broadstalrs Town Shed Turner and Dickens Mosaics Thanet Hut Watch Gardens Group Tasty P13riters Shed Lift Shed Roof Fund 44.973 150 630 9,480 54.453 Iso 16301 1.539 iii 17,2001 5.105 9,035 1,539 iii 3,600 12,522 72,375 10,8C 7.417 63.970 16301 TOTAL FUNDS 66.944 72.828 A current year 12 months and prior yèar 12 months combined net movement in funds. included in the above: Incoming Resource5 M4wement UrCeS expended in fund5 Unr*stYlcted funds General fund 2.576 15,7271 13,1511 Restrkted lunds Broadstairs Town Shed Turner and Dickens Mosaics Gardens Gro¢Jp Tasty Planters Shed Lift shed Roof Fund 67.643 IS8,163} 9,480. 4,670 250 13,1311 11391 17,2001 11561 168,7891 1.'539 iii:. 17,200) 5,105 9.035 5.261 77.824 TOTAL FUNDS 80WO (74,5161 SA84 12 RELATÉD PARTYTRANSAcnoNS Cleverdon& a company of which one of our trustees is a director. provided payroll and other services free of charge. continued... The notes forni part of these financial statements Page 14
8ROADSTAIRS TOWN TEAM LTD NOTE5 TO THE FINANCIAI STATEMENTS- tontlhued FOR THE YEAR ENDED 31 MARCH 2022 13 RESTRICTED FUNDS Broad5talrs Town Shed Thi5 fund 15 Used to run the Shed which provides a space for member5 to work together on woodworking and metal working projects for the good of the community and to learn. share and socialise together. shed Uft A fund to finance the installation of a lift at Broadstairs Town Shed. The lift was purchased in 2019 and this fvnd now represents the net book value of the lift. Turner and Olckens Mosaks The Turner and Dickens Mosaic5 are located in 5t Peters and are part of the Tumer and Oicken5 Walk. This fund is for the upkeep of the mosaics. Thanet Hut Watch This fund is money raised for signage to improve the 5ecurrty and safety of our beaches and bea¢h huts. The group finished and unspent fund5 were agree to be transferred to Unrestricted Funds. Shed Roof Fund This fund is for money being ralsed to repalr1repla the old and leaky roof of the 8roadstairs Town Shed building. Gardens Group This fund is to be spent on the Bardens maintained around Broadstairs by out team of gardeners. Tasty PlanteTS The fund if for the Set up and maintenance of planters in public areas with vegetables and other edible plants to entourage ihe community to grow its own produce. The notes form part of these financial statements Pa8e IS
. BROADSTAIAS TOWN TEAM LTD DETAILED STATEME1oF FINANCIALAcfiviTIES FOR THE YEAR ENDED 31 MARCH 2012 Broadstalrs ToTwn Shed Shed Shed Ganlens Grnup Lltter Tasty pi£kinK Planter 2022 Total INCOME Oonations and legacies Grants Charilable activities Shed produ¢t sales and community work Shed membership fees Fundrasshng Total 6.013 8.701 2.557 4.670 250 13,490 8,701 5.834 8.491 5.834 8,491 2,704 39.220 2.704 5.261 29.039 4.670 250 EXPENDITURE ON Raising fund5 Charitable artlvlties Materials Small tools Stationery Refreshments Wages Credit eard charges Queens Award event Health and safety Sundry Llght and heat Security Insurance Computer expenses Printer rental Rates and water Repairs and maintenance Training Telephone and internet Marketing Depreciation 156 156 2,617 16S iii 46 17,074 21 343 382 134 5.445 251 1.157 330 288 362 3,337 S40 727 .342 2,857 36.529 1.693 4,310 165 iii 46 17.074 21 343 507 171 5,445 251 1.157 330 125 37 362 3,337 540 727 531 6.457 42,173 189 3.6 Support costs Insuran¢e Independent examination Website and marketin¥ 838 105 105 1,048 60 305 1,413 245 1,087 30 139 30 139 48 Total expenditure 36.577 156 3.131 139 139 43,742 Net surpluslldefitit for the year) 17.5381 5.105 13.6LXII 1,539 11391 iii 14,5221 Page 16