REGISTERED COMPANY NUMBER.. 09122651 IEn8land and Wale51 REGISTERED CHARITY NUMBER.. 1163509 REPORT OF THE TRUSTEES AND UI4AUDITED FINANaAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR BROADSTAIRS TOWN TEAM LTD
BROADSTAIRS TOWN TEAM LTD CONTENTS OF THE FINANCIAL STATEMENT5 FOR THÉ YEAR ENDED 31 WRCH 2024 Page Relereno and admln15tratlve detal Chair's statement Report of the trustees IndepÈndtnt Ex¥m5nerf5 report Statement of FSnanclal Artl7ltl•s Balanc• she•t Note5 to the a¢¢ounts 9-15 Detalleil Statement of Flnan¢lal Artlvttles 16
BROADSTAIRSTOWN TEAM LTD REFERENCE AND ADMINsfRATIVE DEfAiiS FOR THE YEAR ENDED 31 MARCH 2024 TRusfEES Mrs K Cleverdon M5 K Millett Mr SJ Hardy Iresl8nation 28 Au8U5t 20231 Mrs PA Hardv Mrs SAWaiTrwr68hi (appointed 13 June 20231 Ms D N Short (appointed 19 July 20231 REGISTERED OFFICE 7 The Broadway 8roadstalrs Kent CTIO 2AD REGisfERED COMPANY NUMBER 09122651 IEngland and Wales) REGISTERED CHARITY 14UMBER 1163% INDEPENDENT EXAMINER Stephen Margetts 18 Upper Dane Road Mar8ate Kent cr9 2LX PaRe I
BROADsfAIRS TOWN TEAM LTD CHAIR'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2014 Iixal En838em•nt Our year began in and th the heart of OUT community as fits perfectlyvrith ouraims as a Eroup. we partlcipated In an inau8ural Town-wide comrnunity day. which saw a dwerse set of groups comir$8to8etherto Improve th the quallty of life and environment collertively for Broadstaiis. That supwrting of and collaboration with oihergroups continued throughout the year. We also happily accepted donation5 of time and ski115 from awrted businesses. both local and national and local colle8es and schools to help with projerts. The Broadstalrs Beacon, Thanet Community Ad Magazlne. Isle of Thanet News online both 68C Radlo Kent and Academy FM continued to support our projects by featuring and publicisin8 all the efforts of our many volunteers. TheSr 5upporr over the last 11 years has been tonsistentand arnazin& and we thank ihem for thelr bellef, support and amplrfication of what we try and do. Fundralsln8 The fundin8 we need to sustèln all our project5 and support us In making a difference is always front of Mind. This year we received and managed an enormous range and badth of funds and lundralsln8 and 8rants to help us. all of whlch we are enormously grateful for. From Tesco and Asda superrnarket tokens. through raffles. product sales, a lar8e crowdfundin8 campaign, individual donations, pub quizzes. one off donatlons. the proceeds ol a community preloved bookshelf. an u¢tion, grants from Natlonal Lottery, ouf Town Ctsuncll, natlonal ch¥ritable indivbdual and corporate trusts. From tiny 10 sl8nifieant donations and fundralsln& eveMhlng we raise goes to fund our carefully managed project5 and Inltlatlves and we are Sncredlbly proud and enorrnously 6rateful to everyone that has facilltated thai and brou8ht those project5 to Ilfe for Broad5tslrs and beyond. Sh Durlng the year we partnereil wilh The Keni & Medway Suicide Preventlon, as part ol theif klope Communlty Art Exhibltlon, to tourour Bowls ol Hope across Kent to bring hope and ralse awaieness of sukide prevention. We added an addltlonal tspenln£ day providin8 Quieter powered down Creatlve Frldays. This Is a chance to enjoy arts and wood related crafts, especlally for those that may find the busyThes5 ènd nolse of our Shed workshop days challenglng. We continued to dellver and develop our Nourlsh & Flour5sh pro8ramrne for Shedders and partnerèd with My Future Care Matters In dellverlng essential life plannlng for older a8e. We partnered wlth UKM&4 in the creation of a serles of wellbelng videos, alrned at Men, lor national dI5tributlon. Areas covered wer¢ bereavernent. livln8 wlth dementla. suicide prevention and soclal Isolation. Wlth the support of the Know Yotsr Nel8hbourhood Scheme. we launched ourcommuThity workshops where volunteers share their creative skllls. These were bespokè creaisve workslM)ps. centred around the In(Jt¥idual group's needs. and dellvered externally or In house. We now deliver to a host of commvnity groups including Carers Support East Kent. The Wlndmill Community Garden. Chan8ing Minds Kent. and Bradstow School. We went bu8 house crary with a communlty partnershipvAth Ihkwood Homes to deliver 50 bughou5es to local schoolg and communlty groups. We switched èll Il&hts to LEO. We dellvered Menial Health Flrst Ald tralning to our volunteer5 to enable them to act asa first poirit of contact, and support, for any of our Shedders in need. All of thi515 of course t>n top of our usual woodworkin8 artivitiesl Litterpick5 April saw ourfirst titterpick of the season lone of 20 during whlch wecollected over 350 bags of rubbishl. We stopped for the summer period as usual and reconvened in Ottober. Addttional fundlng was raiseil foi new kit too- which we have lenl OLrt to 8 separate other Community 8roups thisyear. to dotheir bittoo and amplifyourwor Page 2
BROADSTAIRS TOWN TEAM ITD CHAIR'S STATEMENT- continued FOR THE YEAR ENDED 31 MARCH 2024 Tasty Planter5 This year saw an extension of this fabulous and well-loved project into a second site in 5t. Peteds village. The tearn a150 held 4 more'seed swap and plant share, cornmunity sessions. giving away l and I tum recelvingl hundreds of thousands of plants and seeds. encouraging people of all aees to have a go at growing theirown at horne and sharingthe love of working together as 5rn011 youps to make big differences. Garden> Our 8 sites continue to flourish thanks to the unerring dedication and donation of time from our volunteerB3rdens teams. Thls yearfs RHS'lt's Your Nel8hbourhood judging happened in June. and In October, the[ efforts were rewarded yet 8831n wfth 'Outstanding' classtfication on several of the gardens. even beating their marks from last year. We hosted even more talks and gatherings of local garden enihuslasts and experts to share our passion for plants and 8ardening.Particular 3ttention was given this year to the sustainability and practits across all the site wè maintaln and focusing very much on encoura85n8 wildlife too. Guest volunteers joined u5 for many sessions helping Wlth the heavler work too. Thanks Never enou8h thanks can ever be given to everyonèthat doe5 their part to make a difference. What a team we have bullt. Karen - your wisdom. wit. support and knowled8e Is yn5urpassed. You are the best partner in a double act we could have forthe group and ourcommunllv. Plp. your humour, patience and ever-improvlngwebsite building knowledge Is wonderful. Your insight and experiencè In the health sector and wlth protocols and process and pa5tor41 issues ts Invaluable and l appreciate everythln8 you do. Sue, your dedlcatlon, love of plants. dlplomatk, pastoral and horticultural skllls I couplea with an ever-lmproving ability to 'do' funding appllcatlons and reportin811 is fabulous ind much appreclated. You are a verywdlued Trustee. Deborah, your love of gettln8 your hands dlrty and drivln8 and runnin8 picks, li•lsln8wlth multiple other 6roups and no nonsense 'can do, attttude Is a hy8e a55et to us. We are veryqrateful. A slde Thanks too, to Slmon for taklTh8 up the relns asa lon8.Standln8 supervolunteerto support and ryn some of our plcks 15 Worthy ol a specl•l mention too. Posts¢rlpt- sln¢e y•ar¢nd Mar¢h 31, 2024, at po5nt of submiulon: Two 518niflcant project5 Started in pre¥KTrus years came to fryilion after ourytarnd- hele Is an update too ltsr the record of fabulous post March milestones.. Shed Roof Our long-standing campaign to'Raise the Roof forThe Shed culminated in applying lorand being successful In our bld to add to the hard-earned and restricted funds raTrsed by The Shed Itself over 6 years. That wa5 cornpleted by an extraordinary 8rant from The Community Clvnership fund. We can now flnally make the buildinB properly watertl8ht, re- wired, warrn and rnost importantly supplernenteil bylhe InallatiOn of solar panels. That will make a significant dIffence to the Shed'5 overhead ener costs now and for its luture. Qutte an achievement, and partular Thanks go to Helen, for her dedicatSon. knowle.dEe. tenèc5tv and orobert mana£ement ski115 before durinE after the installatlon wa5 COrnDlete. May was our 10th annfversary. what a milestone. Infomiation and •ducation sign at Broadway 8anks. We launched a campai8n to help us'desi8n a si8n'. It was in response io constant enoulry from locals to Share our plant knowledge, 8arden'hacks' and experiences of worklng In a susialnatsle way 10 encoura8e smart community 8ardenin8 and wildlife. That $18n was co-funded byTown Council and a donation from the Creatlve Isle Community Rail Pannership, INetwork Rail and Tumer Contempornry workin8 tO8etherF ond it will final be installed and due to be unveiled In Nov ber'24. Kerry Mil t Chair Page 3
BROADSTAIIS TOWN TEAM LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also dlrectors of the charity forthe puryx)ses of the CompaniesAct 2Ci16. present their report with the financial Statements of the charityforthe year ended 31 March 2024. The tnJstees have adopted the provlslons of Accountin8 and Reporting by Charities.. Statement of Recommended practiaPpIlCable to charities preparing thelr accounts in accordance wlth the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 OWECtIVES AND ACTIVITIES Objectives and oirn5 The oblectlves of the charfly as stated in our 8overnin8 ¢Jocurnent ère.. To prornote for the benefit of the iThhabitants ol the town ol Broad5tairs and St Peters to advance education and io provlde lacilltles in the Interests o150cial welfare for recreation and leisure-time occupation with the object of improving their conditions of lrfe., To promoteforthe inhabitantsof Broadstsirs and St Petersthe advancement of clIenS1p and community development through the promotion of voluThteÈfin& communlty engagement and civK re5pon5ibility. by ImprovinB the social and community infrnstructure of underused recreational and publlc areas. intludlng ourtown, parks and beaches. To achleve these oblectlves our alms are to.. Instlgate. partlclpate execute and prom¢xe volunteer-led pro1lS for the benefit of the Inhabltanis of and vlsltors to BrDad5tairs and St Peters aThd to enhance our key features, buildings and High Street- work with other comrnunity 8Toups and the local authorities on relevant prolect$whe our knowledge. expertlse. skllls. enthuslasm and volunteerforce can add weight and delivery. We are a group of volunteers who ch005e tg worktQ8ether forth good of our iown. We have come rogether to do posltlve things, where we can see ways we can help. to make our town even better than we already know It15. When plannln8 our artlvlties. the trustees have considered thè Charitiès Commlsslon's 8uldance on publlc beneflt. Includlngthe 8uidantÈ'publit btnefit.. running a charty IP821'. $18nMturf •ttlvltI and a¢hlevements We endeavourio encourage all wsihln our communlty to take part In ourattiwiies. Our project'BroadstaSrs Town Shed. Is almed pAmarily at older men. a group tradllionally under represented In £ommunlty and social actlvities. Lonellness. Isolatlon and depresslon are hi6h rlsk factors for this 8roup. Thanet is the most deprSved distrlct in Kent and Broadstairs has the highest number of over 655 in the county, $0 the project fulfils a particularlv slgnlflcant role wlthln the county. Whllsi Inltlally almed at older men weare pleased to welcome others to the Shed- all are welcome. The Broadstair5 Town Shed offers older people the opportunity to take part in re8ular woodworking sessions and offers space for ski115 to be shared and learnt. friendships to be Made and projects completed. Shedder5 pay mèmbership lees to contrSbute to the runnin8 Costs of the Shed. But the Shed is so much more than woooknrkirrfj. We have a Nourish Fk)urish programrre for our Shedde¥s which provid8s wll-being SUPPOrt lor our Shedder Our town 8nd lik• to lo look its l)95t with liw P1 gard•nin9 •v•nts. It 15 a•y$ gr•at fun and so satisfying to see rhe difference we can make if we pull together for the good of the town. Our Gardens Group now have eight sites around the town which ourvolunteergardeners maintsin- it make so much difference to how the town look5. Su5tainablity is an important part of what thls group do. This year we were awarded 'Outstandine' by the Royal Horticultural Societyon a number of ¢)urgardens. Tasty Planters is a project where planters made by the Town Shed have been Set up in Pierremont Park and St Peter5 Wlth vegetable$ and other edlble plants and flowers. The planiers a maintained by volunteer5 and the producels avallable to all. This has resulted In a number of plant and share events and excellent feedback and engagement from the comn)unlty, ncludSng many people who have nevergrown theirown food before. continued... Page4
BROADSTAIKS TOWN TEAM LTD REPORTOFTHE TRUSTEES- continued FOR THE YEAR ENDEO 31 MARCH 1024 STRucfuRE GOVERNANCE AND PAANAGEMENT GoverniThg docum•nt Broadstairs Town Team Limtted was Incorporated on 9July 2014. The company is lirnited by guarantee and was established under a Memorandum of AÉsociation and is govemed under its Arti¢l¢s of Agtotiation alamond on 14 July 2015. The company was re8lStered as a charity on 11 September 2015. The company was dormant untll l October 2015. whèn the attivltles and funds of the 8roadstairs Town Team community8fOUP were trarssferred to the charity. Rotruitment and appointment of ne4¥trust•e$ The dlrector5 of the company are also charfly trusiees for ihe purwses of charfty law. Trustees are subject io a rolllng three yearly appointment ènd the chair is appointed by the trustees. New trustees ale appolnted at the AGM. All trustees 8lvè thelT time voluntarlly and recelve no beneflts from the chartty. Inductlon and tralnlngof nèw trust#s New trustees are already familiar with the practical work of the ctsnty havingalready t)ecome involved in exlsting projects. They are briefed on their legal obligations under charity ènd company law. the Charity Q>rnmission guidance on publl beneflt and the content ol the Memorandum of Artldes and Association. FINANCIAL REVIEW The results for the year show ¥ erlt for the year ol E378 on unrestrlcted funds12023.. deflclt £1391, leav5n8 a balance In the fund of £1.949 at the year end. 8roadstalrs Town sh Is a restrlcted fund and has Its own column In ouraccounts as It Is our lar8est prolett. Durln8 the year there was a surplus of £26.09312023: £5A181 &In a balaKe on the fund of E86,364 at the year end. The Shed Roof fund had a 5urplu5 Sn the year of £18,01412023.. £9,255> iakingtotal lunds rèlsed to £39,791. The Gardens Group havè a Surplus for the year of £3.09212023.. £2.9411 and a balance In ihe fund at the year end of £7.572. The Tasty Planters project has a surplu5 for the year of £45212023.. deflctt £821 and a balance the fund at the year end of £370. Overall, the charlty madè a surplu5 Of £47,27312023: £16.09518nd has funds carrled forward of £136,196. R¢s•rv•$ The charlty alms to keep reserve5 sufficlent to cover three months runnln8 COSIS. Thlg report has been preparèd in accordance wf(h the spec181 provisions of Part 15 of the Companies Art 2006 relatin8 to small companles. Approved byorderofthe 8oard of trustees on 18k¢knèw202Ltrand sl8ned on Its behalf by.. Kerry Mille - trustee Pa8è 5
INDEPENDENT EXAMINERS REPORTTO THE TRUSTEES OF BRoADSTR5 TOWN TEAM LTD Independent exarniner's reportto thetnee$ of Broadstairs Tovm Team Ltd I report to the charity trustees on my examination of the accounts of the company for the yeaT ended 31 March 2024 which are set out on pages 7 to 15. R•sponslbillti•s artd basi5 of r•port As the charity trust of the company land also its directors forthe purwses of company lawl you are responslble for the preparation of the accounts in accordance with the requirements of the Companies Act 2¢J161'thÈ 26ACt,1. Having satislied myself that the accounts of the company a Dot required tts be auditeLI under Part 16 of the 2(N)6 Act and are eli8ible for Indendent Èxamination. I report in respett of my e¥Mination of yourcornp3nrfs accounts as carried out under section 145 of the Charities Art 20111.thè 2011 Art'l. lfi tarryin8 Out my exarnination I have followed the directions Iven by the Charlty Commission under 5ertion 14515llbl of the 2011 Act. Indèpendent examlner's statement I have completed my examination. I confirm that no matters have to my attentlon In conTrectlon with the examination glvlng me cause to belleve that In any material respect= l accounting records were not kept in respect of the comyny •$ required by 3ertSon 386 ol the 2( Act- or 2 the a¢¢ount5 do not accord wlth those records.. or 3 the accoLtnts do tlot cornply w5th the accountlng reqJlreThntS of 5ertlon 396 of the 2CIJ6 Act otherthan any requirernent that the accounts Elve a'true and fair Vie which is not a matterconsidered as part of an independent examinatlon.. or 4 the occounts have not prepared In accordarKe ¥th th methods •nd prlfi¢lpJe$ of the Statement of RecOmThded Practlce for atcountlfi8 and reportifi8 by ¢haritle5 applicable to charities preparin6 their atttsunt5 In accordance with the Flnanclal Repx)rtlng Standard applkable In th UK and Rèpubllt of Iland (FR5 1021. I have no concerns aThd have come across no other matters In ¢onne£tion with tht èxaminaiion to which attention should be dr4wn In thls report In orderto enable a proper unders14ndlQf the •¢¢ounts to be reached. Slgned.. Stephen Mar8etts 18 Ljpper Oane Road Margate Kent cr9 2LX Date.. Q,JA g, PatÈ 6
BROADSTAIRS TOWN TEAM LTD STATEMENT OF FINANCIAL ACTivmES FOR TH£ YEAA ENOED 31 MARCH 2024 Unrestricted RestrKted Broadstairs funts fuwwts Town Shed 20Z4 Total nds 2023 Trtal fund5 INCOME AND ENDOWMEi¥fs FROM Donations and legacies 27.818 65.g05 93.763 67.775 Charitable aethltles Shed produrt sales and comrnunrty wo¥k Shed membership fees Tasty Planter Sponsorshlp 5,618 16.782 5,618 16,782 1,425 7,853 13.101 1,087 1.425 Other tradlng actlvltles 4,036 4,036 3.635 Total 33.279 88.305 121,624 93,451 EXPENDITURE ON Ralslng funds 3( 366 204 (rilable •ctlv511e5 Broadstèlrs Town Shed Gardens Group Tasty Plantèrs 62.212 62.212 10,178 1,177 41B 51,781 7.434 1,280 139 16,518 10.178 1.177 418 Jubllee MmUnV event Total 418 11.721 62,212 74,351 77.356 NET INCOME I IEXPENDITUREI 13781 21.558 26,093 47,273 16,095 Transfèrs betwèen funds Net movement In funds 13781 21.558 26.093 47.273 16,095 RECONCILIATION OF FUP4DS Total funds brought forward 2,327 26.325 60.271 88,923 72.828 TOTAL FUNDS CARRIED FORWARD 1.949 47.883 86.364 136,196 88,923 The notÈs fomi part of these fFnancial staterrents Page 7
BROADSTAIRS TOWN TEAM LTD BALANCE SHEET 31 MARCH 2024 Unrestrirted funds Restricted funds Broadstai Town Shed 2024Total funds 2023 Total fvnd5 Notes FIXED ASSETS Tan8ible assets 3.642 3.642 S,653 CURRENT ASSETS Debtor5 Cash at bank and in hand 6,188 77,635 83.823 6.188 127,670 133.858 5.686 79,825 85,511 1,949 1.949 4S,086 48.086 CREDITORS Amounts fallln8 due withln l year io 12031 11,ioii 11.3041 12.2411 NET CURRENT ASSETS 1.949 d7.883 82,722 132.554 83,270 TOTALASSETS LESS cullRE UABILMES 1.949 47,883 86,364 136.196 88,923 NET ASSETS 1.949 47,883 86,364 136,196 88,923 FUNDS Unrestrlcted funds Restrlcted fund5 1.949 134,247 313 88.610 TOTAL FUNDS 136,196 88.923 The charltable company Is entltled to exemptlon from audlt under Section 477 of the Companies Art 2006 lorthe year ended 31 March 2024. The rntmbers have not required the company to obtaift an audlt of Itsfinancial siatements ftyrthe year ended 31 March 2024 In accordance wlth Section 476 of the Companles Act 20C6. The trustee5 acknowlÈdgÈ thelr responslbllltles for lal ensuring that the charitable company keeps accountlng records that compty wlth Sertlans 386 and 387 of the Companies Aci 20[ and Ibl preparin8 financial statements which give a true and lair view of the state of affalrs of the charltable company as at the end of each flnanclal year and of its surplus or deficit lor each financial year in accordance wlth The requirements of Sections 394 and 395 and which otherwise comply with the reqU1ments of the Companies Act 2CK16 relatln8 to financial statements. so far as applicable to the charitable companv. These flnancial statements have been prepared In accordance wrth the provisions applioble to charttable compaTrles sublecr to the small compaThle5 re8lme. The flnanclal statements were approved by the Board of Trusiees and authorised for issue on If Pecornbei 202LF and ere signeil on rts behalf by.. K Mlllett rustee K Cleverdon- Trustee The notes form part of these financial statements Pa8e8
BROADSTAIR5 TOWN TEAM LTD NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MAROI 20Z4 I ACCOUNTING POLiaES 80515 of preparing the finanti¥l ststemer The flnancial statements of the charitable cornpany. which is a public bÈneFlt eThlity under FRS102. have been prepared in accordance with the Charitie5 SORP IFRS1021'Accountingand RerKJrting by Charities.. Statement of Recommended Practice applicable to charities preparing theif accounts in accordance with the Financial Reporting 5tsndard applicable n the UK and Republic of Ireland, and the Companles Act 2(Th. The accounts have been prepad under the historical C05t conventlon. A55ets and liabilities are Initially recognwl at historical cost ortrnnsaction value unless othenwlse stated in the relevant accounting policy notel51. The account have been prepared on o goingconM basls as no rnaterial un¢+rtalnties exist. Income Incorne is recognised when the chadty has entitlèm?nt to the lufids, any perf0mnCe condltlons attxhed to the Items have been ffet. It is probable that the Income wlll be reNed and the anK)unt Can be measurèd rellably. Income froffl 8overnment and othergrants. ¥¥hether capital or revenue, Is cOgniSed when the charlty has èntitlement to the funds, any perforrnance condltlons attached to the funds have been met, it Is probable that the income wlll bt receSved and the amount can be measured lIablY and Is not deferred. Exp•ndtture Uabilltles are reco8nlsed as expenditure as soon as the Is a legal orconsiructive obllgation commlttlng the charlty to that expenditure, It Is probable that a transfer of economic benefits will required In settlement and the amount of the obli8aiion can be rneasured reliably. Expenditure Is accounted for on an accruals b•sls and ha5 been classifled under headin8S that a88re8ate all cost related to that category. Where costs canThot bè dIrtlY attributed ¢0 partltulaf headln45 they have been all¢Xated to actlvltles on a basis coThsi5tent with the use of resources. Tan8lble flxed assets Tangible fixed assets are Included at cost less dtpYe¢l8tlon and Impaint. Depreclaiion has c¥l¢ulated to wrlte off the tan8ible fixed assets over their expertèd useful live5 as follows: 10 years Improverrvènt5 to property 3 years Computers 5 years Other plant and rnathinery T•Mtlon The charlty is exempt from corporatlgn tax on its charttsble actlvhles Fund a¢countln Unrestricted funds can be used In accordan with the charttable objettffts and the discretion of the trustees. De518nated funds are unStrICted funds of the charlty whlch the trustees have decided at their dlscretlon to set aslde to use for a specific purpose. Restrlcted funds zre to be s01t used for particular proietts beln8 undertaken bythe charfty. P•nslon ¢osts 4rvl oth•r poSt-r•t5r••ffj b•S The choritable company operates a defined contrlbution pension scheme. Contributions payable to the charitable cornpany's pension schen* a charged to the Statement ol Financial ActivStles In the period to which they relate. Dofiated goods Donated 8oods a COgnised as inco when the charity has control over the i(ern. any conditon5 associated wlth the trènsfer have been rnet. the receipt of economic tenefit from the use by the charity of the rf(em is proble and that economic benefr( can be measured rellabty. Donated Koods are recognised on the basis of the value of the donation to the chaty which 15 the amount the charttywould have been willingto pay on the OFeTh Market. In accordance with the Charities SORP IFRS1021. the general vdunteer t1 is not OgnIsed. continued... The notes fomi part of these fiftanclal statements Pa8• 9
BROADSTAIRS TOWN TEAM ITO NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YeAR ENDED 31 MARCH 2014 I ACCOUNnNG POUaES- continu Current assets and liabilf£ies Debtors are reco8nised at the settlement amount due. Prepayrnènts are valued at the amount prepaid. Cash at bank and cash In hand includescash and short tem highly Ilquid Investments. Creditors and provisions are recogni5ed where the charity has a present obli8ation resultin8 from a past event that wlll probably $It in the transfer ot funds io a third party and the amout duè to settle the obligation can be measured or estimate(I reliably. Creditors ènd provlslons are normally reco8nised at their settlement amount. 2 DONATIONS AND LeGACIES 2024 2023 DonatloTrs Grants 13,043 80,720 93,761 15,959 Sl,816 67.775 Grants recelved IncludeLI in theakne. are a5 follows- 2024 2023 Natlonal Lottery Communlty Fund Natlonal Lottery Know Your Nel8hbourhood 8road5tairs & St Peter5 Town Councll The Cole Charltable Tnjst The Stanley Smith IUKI Horticultural Trnst RHS Su5talnable Futures Grant Kent Cornmunlty FoundaiSon NBtional Lottery Asda Foundatlon Social Enterprise Keni Turner Contemporary 51anley Smlth UK Hortlcultural Twst Cornmun5ty Rall Network Groundwork- Tesco Stron8er Starts 40,SOO 13,060 S.290 500 27,000 2,295 1,000 600 2,500 8.421 iO,O(M) 3.890 14,000 1,000 soo 80.720 51,816 3 OThER TRADING ACTIVITIES 2024 2021 Fundra151n8 event5 4.036 3,635 4 NET INCOMEIIEXPENDITVREI 2024 2025 Net incomellexpenditurel is stated after charuinFJlcredttin8)'. Depreclatlon- owned assets Independent examination 2,010 80 6.753 60 ntinued... The notes fonn part of these financial statements Pagè 10
BROADSTAJRS TOWN TEAM LTD NOTES TO THE RNANCIAL STATEMENTS- contiTh FOR THE YEAR ENDED 31 MARCH 2024 5 TRV5TEES REMUNERAnON AND 8ENEF]TS None of the trustees received any rernuneratKJn or benefits duiinKthe year. There werè rK) trustees, exnSeS pald for the year ended 31 March 2024 nor 31 March 2023. 6 STAFF COSTS The average monthly number of employee5 during the year was.. Broadstairs Town Shed All projects 2024 2023 No employees recelved emoluments ift excess of £60,0. 7 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcrNmES Unrestrirted funds Restrirtéd funds Broadstairs Town Shed 2023 Total funds INCOME AND ENDOWMENTS FROM Oonaiions and le8acies 34.730 33,045 87,775 Chariiable a<tlvrtles Shed product sales and communlty work Shed membershlp lees Tasty Planter 5ponsorshlp 7.853 13.101 7,853 13.101 1.087 1087 Othèr trading attivitiés 3.635 3,635 Total 39.452 53,999 93,451 EXPENDITURE ON Raisin6 fund5 204 204 Chorltable actl¥ltles Broadstairs Town Shéd Gardent5 Group Tasty Planters Litterplcking Jubilee Communlty Event 48.181 51,781 7,434 1.280 139 16.518 7.434 1.280 139 16,518 Total 139 29,036 48.181 77,356 NYT INCOME I IEXPENOITUREI 11391 10.416 5.818 16.095 Tr3nEfors b•tw*•n fut)ds Net Movemènt in fvnds RECONCILIATION OF FUNDS Totsl fuThJs brought forward TOTAL FUNDS CARRIED FORWARD 11391 2.013 453 2.327 10,416 12.0131 17.922 26.325 5.818 16,095 54,453 60.271 72,828 88,923 continued... The notes form part of these finaficial ststements a8è 11
BAOADSTAIRS TOWN TEAM LTD NOTES TO THE FINANCIAL STATEMEPItS- contimed FOR THE YEAR ENDED 31 MARCH 2024 8 TANGIBLE FIXED ASSETS Imprt)vements Ptsnt and to PTopertv machinery Totsl COST At l Aprll 2023 Additions At 31 March 2024 17.147 41.728 58.875 17,J47 41,728 58,875 DEPRECIAnON At l April 2023 Char8e lor the year At 31 March 2024 12,085 1,715 13,8(Kl 41.137 296 41.433 53,222 2,011 55,233 NET BOOK VALUE At 31 March 2024 3.347 5,062 295 3,642 5,653 At 31 March 2023 S91 9 DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Preyyrnents and iccrued incorne 6,188 5,686 10 CREDITORS.. AMOUNTS FALLING DUE WtfH114 ONE YEAR 2024 2023 A¢¢ruals and deferd Income 1,304 2.241 11 MOVEMENT111 FUNDS Trinsfw$ At 114lzoz3 In fvnds fvnds At 111312024 Unrestrlrted funds General fund 1327 13781 1,949 Restrlcted funds 8roadstair5 Town Shed Gardens Group Tasty Planters Shed Roof Fund Tumer and Dlckens Mosalcs 60,271 4,480 1821 21.777 150 6.596 26.093 3.092 452 18.014 86,364 7,572 370 39,791 150 134,247 47.651 TOTAL FUNDS 88,923 47.273 136.196 continued... The notes fomi part of these financial staternents age 12
BROAD5TAIR5 TOWN TEAM LTD NOTES TO THE FINANCIAL sTATEMEPS- o*rtiNed FOR THE YEAR ENDED 31 MARCH 2024 11 MOVEMENT IN FUNDS. wrtlnued Incomlng resour Resource5 expended Movement In funds Unrestrlrted funds General fund 14181 1378 Restrkted lunds Broadstairs Town Shed Gardens Group Tasty Planters shed Roof Fund 88.305 13,270 1,629 18,380 121,584 162,2121 110.1781 11.1771 13661 173,9331 26.093 3,092 452 18,014 47,651 TOTAL FUNDS 121.624 74,351 47,Z73 Comparatfves for fflovement In lunds Net Transfers At 11412011 funds funds At 3V312023 UM•strlrt4d funds General fund 139 2.013 2,327 Re5trlcled funds 8roadstaSrs Town Shed Gardens Group Tasty Planters Shed Lift Shed Roof Fund Turner and Dlckens M05alcs Jubllee Communty Event 54.453 1.539 iii 5.818 2,941 11931 13.6001 9.255 60,271 4,480 12.522 150 21.777 150 2.013 16.234 12,0131 2,013 72.375 86,596 TOTAL FUNDS 72,828 16,095 88.923 INomi Resources resources empended Movement In nd5 Comparatlve net mo¥ement In funds Intded abo¥e.' Unrestricted fvnds General fund Restrirtd funds Broadstairs Town Sh•d Gardens Group Tasty Planters Shed Lift Shed Roof Fund Jubilee Communily Event 1391 1139 53.999 10.375 1.087 148.1811 17.4341 11.2801 I3,6) 12041 116.5181 177,217 5.818 2,941 11931 I3.6} 9,255 2.013 16,234 9.459 18.531 93.451 TOTAL FUNDS 93,451 77.356 16,095 ¢ontinued.-- The notes foTm part of these financial statements Pa88 13
BRoADSTR5 TOWN TEAM LTD NOTES TO THE FINANCIAL STATEMENTS- contied FOR THE YEAR ENDED 31 MARCH 2024 11 MOVEMENT IN FUNDS- wrtinued A ¢urrentyear IZ rnonth5 and prityyear 11 month5 combintd poslllon Is as follo. Net TraIr5 mo¥emert in betwèen funds fund5 At V412022 At 311312024 Unresirtrted lunds General fund 517 2.013 1.949 Restrlcted funds Broadstairs Town Shed Gardens Group Tasty Planters Shed Llft Shed Roof Fund Turner and Dlckens Mo1¢$ Jubllee Communlty Event 54,453 1,539 iii 31.911 6.033 259 13,f£l)I 27,269 86,364 7,572 370 12.522 150 39.791 150 2.013 2,013 72,375 134,247 TOTAL FUNDS 72,828 136,196 A current year 12 months and prlor year 12 months tomblned net movement In lunds, Included the atthe.. Incomi Res¢ur¢es Movement In expended fvnds Unrestrirted funds General fund 5S7 517 Restrlcted funds 8roadstalrs Town Shed Gardens Group Tasty Planters Shed Lift Shed Roof Fund Turner and Dicken5 Mosalcs Jubilèe Comrnunity Event 142.304 23.645 2,716 1110,3931 117,6121 12.4571 13,6CX)I 15701 31,911 6,033 259 I3,6> 27,269 27,839 16,S181 1151,1501 2,013 63,885 215.035 TOTAL FUNDS 215,075 1151.7071 63.368 12 REL4TED PARTYTRANSACnONS CV9rdOn$. a Company of which one of our trustee5 is a dirertort wovided payvoll and other services free of charye. continued... The notes fom part of these financial Materr*nts Page 14
BROADSTAIRSTOWN TEAM LTD NOTESTOTHE FINANCIAL STATEMENTS. continued FOR THÉ YEAR ENDED 31 MAR(H 2024 13 REsfRICTED FUNDS Broadstalrs Town Shed This fund Is used to run the Shed which provides a space for rnernbers to work tt>gether on woodworking and metsl workin8 projects for the go¢)d ol the community and to leam. share and sl311se together. Shed Llft A fund to finance the Installation of a lift at BroadstairsTown Shed. The Ilft was purchased in 2019 and this fund now represents the nèt book value of the lfft. Tumer and Dickens Mosai TheTurner and Dickens Mosaks are located in St Peters and are part of theTurnerand Dlckens Walk. Thls fund Is for the upkeep of the mosalcs. Shed Roof Fund This fund Is for money bein8 raised to repalrlreplacethe old and teaky roof ol the 8roadstairs Town Shed bulldlng. Gartlens Group Th55 fund is to be spent on the gardens rnaintained around Broadstalrs by outieam olgardeners. Tasly Planters The fund If for the sei up and malnienance of planters In public areaswlth ve8etables and other edible plants to encourage the commuThltytO 8row Itsi>wn produce. Jubllee Communlty E¥ent An event to celebrate the Plotlnum Jubllee of Queen Elizabeth11, Includlng thetollectlon of people's memorle5 over the period ol her reign. The notesfmn part of thesefinancial statements Pag@ IS
BROADSTAIRS TOWN TEAM LTD DETAiLED STATEMENT OF FINANCIALAcnvrnES FOR THE YEAR ENDED 31 MARQI 2024 Brtsad#alrs Town Shed Shed Gardens Hanter Group 2024 Total 2023 Total Litterpickinz INCOME Donations and legacies Grants Charitable activities Shed product sales and community work Shed membership fees Tasty Planter sponsorship Fundraising Total 6.955 58.950 1.844 4.C4JO 12.51K) 9.270 204 13,043 80,720 15,959 51,816 5,618 16.782 5,618 16,782 1,425 4,036 121,624 7.853 13,101 1.087 3,635 93,451 1.425 4,036 18,380 88.305 13.270 1,629 EXPENDITURE ON Raisin8 funds Charitable artlvities Materials Contractor cost5 Roorn hire Jubilee event productson Small tools Statlonery Refreshments Travel Wages Credit card charge5 Health and safety Art Classes Sundry Trainer5 Li8ht and heat Security Insurance Computer expenses Printer rental Rate5 and water Repairs and maintenan Training Telephone and internet Marketlng Depreciation 366 366 204 7,653 5.616 969 14.238 2.704 201 10.753 201 1,200 8.898 2,639 77 2,012 2.039 167 338 27 29.132 71 109 3.240 1,157 500 7,630 2527 1.282 623 288 1.968 365 2.343 167 415 27 29,132 71 591 3,240 1.367 500 7,630 2,527 1.282 623 77 16,920 61 439 1.251 1.719 98 12,540 484 1,215 741 288 375 1,390 1,968 365 531 495 2,010 62.152 531 622 2,010 72,842 830 5.160 6,753 75.745 107 20 9.589 i.ioi Support costs Insurance Computerexpenses Marketing Sundry Independent examination 577 72 187 140 15 721 187 1.227 15 80 1,143 12 589 76 418 1,407 Total expenditure 62,212 366 10.178 1.177 418 74.351 77,356 Net surpluslldeficit forthe yearl 26,093 18,014 3.092 452 13781 47.273 16,095 Page 16