**REGISTERED COMPANY NUMBER: 09598558 (England and Wales) REGISTERED CHARITY NUMBER: 1169055** Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 May 2023 for Making A Difference To Maidstone McLean Reid Chartered Accountants 1 Forstal Road Aylesford Kent ME20 7AU Making A Difference To Maidstone Contents of the Financial Statements for the Year Ended 31 May 2023 |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|4| |**Independent Examiner's Report**||5|| |**Statement of Financial Activities**||6|| |**Balance Sheet**||7|| |**Notes to the Financial Statements**|8|to|17| Making A Difference To Maidstone (Registered number: 09598558) ## Report of the Trustees for the Year Ended 31 May 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 May 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society. ## **Significant activities** The trustees have regard to the guidance issued by the Charity Commission on public benefit. Page 1 Making A Difference To Maidstone (Registered number: 09598558) ## Report of the Trustees for the Year Ended 31 May 2023 ## **ACHIEVEMENT AND PERFORMANCE Charitable and fundraising activities** During the year paid staff Recruited: Operations Manager, Finance Manager, Shop Manager, Shop Assistant, Van Driver, Food Store Supervisor, IT Consultant. Due to the employment of a full time Operations Manager, and an increase in paid staff we employed the external services of an HR Company and all areas of Governance and Health & Safety were reviewed and improved. ## Charitable and Fundraising Activities: MADM continued to grow it's activities during the last 12 months, although frustratingly it incurred a £30,000 financial deficit for the second year in a row. The prior year deficit arose from the disruption of refocusing our trading and logistics into the new High Street store and it is pleasing to report that shop income recovered this year. The deficit this year can largely be explained by lower grant income and that was largely a matter of timing as substantial grant income was received in May 2023. Looking forward the Trustees have confidence that the 2023/24 financial year will show a return to a small surplus and enable reserves to be gradually rebuilt. When MADM was founded in 2015, receiving Charity Status in 2016, its primary focus was to help the homeless and those in addiction. Today it also supports those in need because of the increasing diverse areas of crisis and social isolation who are referred by various agencies including statutory services/local authority, the NHS, social/supported housing, Churches, other charities and many more. We liken MADM's Outreach activities to that of a first responder: establishing needs, prioritising and either supporting directly or signposting to another source of help and support. It blesses clients in many ways, often at no recordable financial cost to the charity, but taking up significant time and other resources to achieve. MADM's outreach services are not easily measured, however throughout the year we facilitated approx 900 attended appointments for individuals and families who are then supported with clothing, household goods, food or toiletries. Additionally emotional and practical help and advice is given to many who contact us by phone, where an appointment is not deemed necessary and therefore statistics are not captured. There are many appointments that are made, which then beneficiaries fail to attend. Often our support resembles a mentoring service offering advice, guidance and the varying aspects of life. Clients that live in crisis and addiction can need lengthy aid to help shape a positive and productive lifestyle. These clients' needs are often complex and need a bespoke approach which MADM aims to deliver with compassion and to treat the clients with dignity. Trustees are delighted by the response this brings, especially where the individual accepts the invitation to receive prayer, where we then see a breakthrough in their lives and decisions are made for positive life changes. Through the Charities activities MADM also seeks to help by providing volunteering opportunities to beneficiaries and local residents. This benefits both the individual and the charity. It is enlightening to see this enable people to rebuild their lives as they gain a more optimistic view of life, having a purpose and potentially getting back into work. Occasionally MADM itself is able to provide those employment opportunities. We held a rota of between 40-50 volunteers at any one time during the year. Developments during the year included the refurbishment of our former retail shop in Church Street into a Christian bookshop 'Living Word' and hub for community activities in response to the cost of living crisis. We also received funding to provide a 'Warm Space' for clients old and new to keep warm, meet others and enjoy a range of activities. We are excited by our plans to grow the role of the hub in future years. We received funding of £10,000 from Nationwide Building Society, for our new 'Home Maker' project. We continued to support the Ukranian Community in varying ways. MADM was selected as one of two local Charities to be chosen by Maidstone River Festival, which was held in July. A Partnership was formed with St Augustine's Academy, Oakwood Park, as MADM Outreach was approached by their Chaplain to receive Harvest Festival Food and to attend/speak at their Harvest Festival assembly. This then rapidly grew to receive monthly referrals from the Chaplain for families in need of Food from our Kings Pantry. Due to MADM continually working with referrals from KCC Early Help, we attended and supported their Christmas and Easter Parties; having PR stands plus blessing with food and purchasing 400 easter eggs. Following the success of both St Augustine's and increasing partnership with Early Help, we branched out with a new School Project; 'Beacon Of Hope' and stretched our services out to the wider local school network and due to an increase in School Uniform donations, we set up a School Uniform Bank. Leading up to Christmas we received Toys from two local Lidl Supermarkets 'Toy Banks' and MADM's own Toy Bank was birthed. This enabled us to bless out to individual families and varying partners. The new High Street store has progressed well since it was opened last year and is well supported with varying donations and has seen an increase in customers. Page 2 Making A Difference To Maidstone (Registered number: 09598558) ## Report of the Trustees for the Year Ended 31 May 2023 In addition to helping individual clients, MADM seeks to make a difference in Maidstone by supporting the circular economy. It does so by redirecting surplus food and goods to many local charities and food banks/larders. We have strong partnerships with several supermarkets to prevent food waste and other businesses who have surplus goods. MADM's philosophy is to leverage the varied surplus donations that we receive to reach some of the most in need in Maidstone through our diverse network of partnerships. As a result, the cost base is more akin to a logistics company than a traditional foodbank, which MADM is so much more than, and due to this we can provide a wide array of services. The logistical capabilities developed during the pandemic enable MADM to act as an efficient distribution hub for numerous diverse items. As part of our sustainability responsibilities, during the year MADM became the first Charity in Kent to work with Kent County Council, Resource Management and Circular Economy Department. We collected from Tovil and Allington household waste recycling sites; furniture/household items that otherwise would have been turned into waste. This gave us an enormous opportunity of being part of the UK waste reduction strategy, whilst blessing our 'Lovingly Restored' Project to repurpose, which are then sold in our charity shop or gifted as part of our Outreach work. All the achievements outlined above would not have been possible without the support of so many: our staff and volunteers; our partners; the grant making bodies, both repeat funders and new, that have answered our prayers; the shoppers who have supported our new shop; and last but by no means least, all those personal and business donors who have gifted us money, food, and surplus items for us to sell or bless others with. Maidstone Borough Council recognised and we quote "our important and selfless work being done to help improve the lives of others living and working across the Borough" and presented us with the Winner of the 'Compassionate Community Award'. Trustees would like to extend sincere and heartfelt gratitude to all who have believed in us and made it possible. Trustees are pleased with the progress made this year and look forward to further growth in the next 12 months - there are plenty of ideas in the pipeline that will extend the scope and reach of the help we offer to those in our local community. Whilst MADM has a strong Christian ethos it is open to all of those in need who are referred to us either by helping them through our range of programmes or by signposting them to other sources of support, irrespective of race, creed, faith or colour. ## **FINANCIAL REVIEW** ## **Reserves policy** This has been the charity's seventh year of operation. Trustees have worked hard to bring increased stability to the charity's fund-raising activities and the level of income continues to grow and is more stable, although some volatility remains. The Trustees are mindful of the need to balance the help offered to clients and to build sufficient reserves to protect the charity from income volatility. Trustees consider that the level of funding necessary to protect the charity from the risk of income volatility is at least 6 months of costs. They take the view that at least 50% of income is stable and the balance would need to come from reserves. With annual costs in the region of £400k and income running at £300k pa, to cover £200k of costs would require £125k of reserves in addition to £75k of income. Following 2 years of deficits, reserves at the balance sheet date were just £84k and Trustees are working to rebuild reserves over the next few years and continue to explore ways of reducing the charity's dependence on volatile forms of income and increasing more reliable funding for its services. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is governed by its governing document, its memorandum and articles of association dated 19th May 2015 as amended by special resolution registered at Companies House on 5th September 2015. The charity constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **Recruitment and appointment of new trustees** At each annual general meeting one third of the trustees must retire from office. The charity may by ordinary resolution appoint a person who is willing to act to be a trustee. ## **REFERENCE AND ADMINISTRATIVE DETAILS** **Registered Company number** 09598558 (England and Wales) Page 3 Makln ADiff dsttsn lered nu Re ort ol thé Tr￿st rEnd Re0￿￿ra11 Charlty numb•r 11￿55 Reg￿tsred offl 49 Church Street Maldstone Kent ME14 1DS Trusts•s Mrs O A 88dzrah Direclor I￿￿gned 7.10.221 Mrs B J Glbbs D￿Ctor(leS￿Jntsd 16.8.231 Mrs A M Sidwell Oirector Mlss J C Amson Trustag Mrs K V James ToJstè8 lappolnted 17.4.231 MrJ G A Myles lappcffjled 28.11.221 Indep•nd•nt Ex•mln•r lan M Reid FCA M¢Lean Reid Charte￿& At￿nts￿￿ 1 Forslal Road A￿eSfOrd K¢nt ME20 7AU This repDrt ha$ been wepar8d h accordan￿ wlh th8 8peaal w0v1￿OnS of PArt 15 of th8 c(￿Pan￿9$ Act 21W]6 relatkng to smal £t)m￿l￿8. Approved by order ofthe board oflN$t885 C￿ 28 February 2024 and dgned ￿ it8 behall by.. Mrs A M Sldwall- Trustee Pag8 4 In Examin akln iff8re the Trust T M iijston d•pond•rt gxamln•es r•port to trusts08 of Maklng A Dlhrnnco To M•idston• Dh• Compan￿> I reportto the charty truglees on my èxam6nBtion of the aco)wts oftho Comp8nyfor Ihe year ended 31 M8y2023. Rmponilblltlos and ba•18 of roPQrt As th8 charivs tnjstees clth• Cornpary land Its dlrèraors for tho wrposos ofeoryary lawl you are resp)n$ible fr the prepwation ofth¢ acuAnts Hi 8CX))rdance the requiren￿nIS ofthe Act 2￿6 Iyhe 20￿ Att). Ha¥lr¥J s8tisfi8d MY￿1[ thal the of the Company are r￿ requlred lo auditod wpjer Pert 16 of the 20C6 Acl and are ovoibb for independenl exam￿oI10n, I rek¥A f8SPg¢t of my examlnakn of y￿r accounts as carri8d out undèr Sectkn 145 01 tho CharflgB Act 2011 Cth• 2011 ACVI. In carry￿9 ¢yJt my èxamlnat*n I hpve foNrAv•J Ihe Dlrnctions gN8n ty the ChartyCommi￿cffj underS•clon 145(5) Ibl 01￿ 2011 Act. Ind•p•ndont oxamln*rt• $tat•ment Since your ¢*ariVs gross irMY￿& oxceeded £2SO,000 your examiner must ba a momb8r of a bo*. I con CDrtf ihat l am to undertake èxaminal'on t*C8us• l am 8 ments of the InSt￿￿e of Chartéred Awwntwts In EryJl*)d and W8l&s, whk* 1$ one oltho Ilst8d bod￿. I h2ve comFAeled rny 8xarnYob"on. I coTrfirrn that no mattws have come to my attentk)n (n conneL*ioTr w￿h 8xarninati)n gI￿r￿ cwse to bdleve.. acwunts.ng rac0￿5 were not kept tsi faSPèt* ofth8 Company a6 r￿￿red by S8cts￿ 386 ofthe Acl,. or the accounts do not a¢(Iwd th¢3S¢ reoYdB: or the gccounls dD nol compty wilh th8 acwuntsng wuiremonts of S8dion 396 of the kt oth•r than any r￿ul￿ment that th8 8vounts gfve a tN¢Tr and faSr ￿ch is a Matter ojnsidered as part of an independentexamtnation.. or thB accounts have not prepared in aecordBFV with the mglmdg And prifia￿es tsl th8 Sl8tsment I Recommended Prac￿￿ for 8ecounJry and reportlrKJ by ¢*arifb8 larFl¢ablg to charitias ￿Pamg thwr accounts In accordar￿ wth the Hnandal Rop)rting St￿dar￿ appHcabb kn Ihe UK and oflreland {FRS 10211. I have no concems and have Con* attoss no other matters ffi Conn￿￿￿ the examination to attantk)n should be dra¥Yn In Ihis rep￿ in ordw to en8bl6 8 pfDPW under81aThJbY4 ol ihe Aecounts to be rexhed. lan M Roid FCA Mci¢en R￿d Ch8rt8red Accountants 1 Forstal Road Alesft>td ME20 7AU 28 Februvy 2024 Pagè S ## Making A Difference To Maidstone ## Statement of Financial Activities for the Year Ended 31 May 2023 |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
24,875
Other trading activities
2
208,579
Investment income
3
181
**Total**
233,635
**EXPENDITURE ON**
Raising funds
4
135,600
**Charitable activities**
Administration
121,820
Outreach expenditure
2,230
**Total**
259,650
**NET INCOME/(EXPENDITURE)**
(26,015)
**RECONCILIATION OF FUNDS**
Total funds brought forward
63,223
**TOTAL FUNDS CARRIED FORWARD**
37,208|Restricted
funds
£
74,489
-
-
74,489
43,374
30,389
4,840
78,603
(4,114)
51,196
47,082|2023
Total
funds
£
99,364
208,579
181
308,124
178,974
152,209
7,070
338,253
(30,129)
114,419
84,290|2022
Total
funds
£
131,069
170,248
10
301,327
158,262
164,295
8,996
331,553
(30,226)
144,645
114,419| |---|---|---|---| The notes form part of these financial statements Page 6 AE¥ff ce To Maldston 18nce Sh 31 2023 Tolal funds 2022 Total Unr85tr1cted R•strkntad tund Notès FIXED A8SErs TarrfJiblo assets 14,015 26.4 40.505 29,971 CURRENT ASSErs Debtors Cash at bank antl in hand 10 14,720 37,174 14.720 S7,764 11.453 105,683 20,590 51,894 20,590 72,484 117,136 CREDITORS Amounts falkno due wthln one year 11 (28.6991 128,6991 (32,6881 NETCURRENT ASSETS 23,195 20,590 43,785 TOTALASSETS L&%8 CURRENT UABILMES 37210 47.080 114,419 NET ASSETS 37210 47.080 64.2 114,419 FUNDS Unr88trirI8d fu￿￿¥ Resth'etèd lunds 12 37.210 47,080 63,223 51,196 TOTAL FUNDS 84,290 114.419 The ¢harltsNo wmpany Is entiti8ol to exemptbTh frryn undw Se¢lon 477 of th• CompanN8$ Acl 2006 for tho y ended 31 May 2023. The members have not reouwed thè ccmpany to obtaln an audlt ol ts fina￿￿1 *ai8rn8nts fc¢ th& year ended 31 May 2023 In 8cccrfdancE vAth Section 478 ol th8 com￿￿ Act 20Cfj. Tho trLtstegs acknowledgg thdr respon$lbHW for la} 8n5uring th8t thg Ch￿tab￿ Corn￿Y k88P5 aCc￿￿tAlg reconls that compty w#h Section5 386 and 387 of the Ib} prepathg ffinancMI statements *Nch a bNe and falr IAthv ol Ihe Stats of affoir¥ of thè c*Jmpany 88 at the end ol eacfv finanud year an(J ol its surplus or defiot for each finanoal year in accordance reqUireM￿ts of S8thons 394 snd 395 and wkach otheMis8 compty wrth rnqU1r8m￿ts of the COrtwaTh￿S Ad 2006 rehting to financial 5tsterrnnts, X) f¥ a5 ap￿ica￿e bj thaIlab￿ c4)mpaTry. finaneAal Stat￿nts have been kyepared #i a￿Or￿a￿8 th the wovlsths applic8lA• to thaffjtable o)mpan S￿bject to the srnall compank8s regime. The fjnandal statements were approvwj by th? 8oard of Trustee¥ and fc* issue on 28 February 2W24 an(1 were S￿ed cn its behalf by.. Mrs A M Sidwell- Trus Th8 notss form pBrt 01thgB8 finan￿81 ￿taMentS P￿? Making A Difference To Maidstone Notes to the Financial Statements for the Year Ended 31 May 2023 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits 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 the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Short leasehold - 20% on cost Plant and machinery - 20% on cost Fixtures and fittings - 20% on cost Motor vehicles - 20% on cost ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. ## **Hire purchase and leasing commitments** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **2. OTHER TRADING ACTIVITIES** ||2023|2022| |---|---|---| ||£|£| |Shop income|208,579|170,248| Page 8 continued... Making A Difference To Maidstone ## Notes to the Financial Statements - continued for the Year Ended 31 May 2023 ## **3. INVESTMENT INCOME** |Deposit account interest
**RAISING FUNDS**
**Raising donations and legacies**
Support costs
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Other operating leases
Deficit on disposal of fixed assets|2023
£
181
2023
£
44,698
2023
£
10,815
77,888
-|2022
£
10
2022
£
32,865| |---|---|---| |||2022
£
6,084
81,696
711| ## **4. RAISING FUNDS** ## **5.** ## **6. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 May 2023 nor for the year ended 31 May 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 May 2023 nor for the year ended 31 May 2022. ## **7. STAFF COSTS** The average monthly number of employees during the year was as follows: ## **8.** |Administration
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
28,162
Other trading activities
170,248
Investment income
10
**Total**
198,420
**EXPENDITURE ON**
Raising funds
118,259
**Charitable activities**
Administration
123,007
Outreach expenditure
7,294
**Total**
248,560|2023
8
Restricted
funds
£
102,907
-
-
102,907
40,003
41,288
1,702
82,993|2022
8
Total
funds
£
131,069
170,248
10| |---|---|---| |||301,327| |||158,262
164,295
8,996| |||331,553| Page 9 continued... Making A Difference To Maidstone ## Notes to the Financial Statements - continued for the Year Ended 31 May 2023 |**8.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
fund
funds
£
£
**NET INCOME/(EXPENDITURE)**
(50,140)
19,914
**Transfers between funds**
(5,475)
5,475
**Net movement in funds**
(55,615)
25,389
**RECONCILIATION OF FUNDS**
Total funds brought forward
118,836
25,809
**TOTAL FUNDS CARRIED FORWARD**
63,221
51,198
**9.**
**TANGIBLE FIXED ASSETS**
Short
Plant and
leasehold
machinery
£
£
**COST**
At 1 June 2022
15,284
4,874
Additions
9,796
-
At 31 May 2023
25,080
4,874
**DEPRECIATION**
At 1 June 2022
2,453
1,938
Charge for year
3,146
1,804
At 31 May 2023
5,599
3,742
**NET BOOK VALUE**
At 31 May 2023
19,481
1,132
At 31 May 2022
12,831
2,936
Motor
Computer
vehicles
equipment
£
£
**COST**
At 1 June 2022
13,000
2,597
Additions
6,866
977
At 31 May 2023
19,866
3,574
**DEPRECIATION**
At 1 June 2022
10,400
846
Charge for year
2,600
554
At 31 May 2023
13,000
1,400
**NET BOOK VALUE**
At 31 May 2023
6,866
2,174
At 31 May 2022
2,600
1,751|Total
funds
£
(30,226)
-
(30,226)
144,645
114,419
Fixtures
and
fittings
£
11,906
3,710
15,616
2,053
2,711
4,764
10,852
9,853
Totals
£
47,661
21,349
69,010
17,690
10,815
28,505
40,505
29,971| |---|---| Page 10 continued... Making A Difference To Maidstone ## Notes to the Financial Statements - continued for the Year Ended 31 May 2023 ## **10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |**10.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| |---|---|---|---|---| ||||2023|2022| ||||£|£| ||Other debtors||372|270| ||VAT||5,222|3,226| ||Prepayments||9,126|7,957| ||||14,720|11,453| |**11.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| ||||2023|2022| ||||£|£| ||Trade creditors||6,999|6,496| ||Social security and other taxes||-|2,348| ||Accrued expenses||21,700|23,844| ||||28,699|32,688| |**12.**|**MOVEMENT IN FUNDS**|||| ||||Net|| ||||movement|At| |||At 1.6.22|in funds|31.5.23| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|63,223|(26,013)|37,210| ||**Restricted funds**|||| ||Van|2,200|(2,200)|-| ||Colyer Fergusson - outreach assistant|10,000|(8,809)|1,191| ||Cobtree|5,361|(1,191)|4,170| ||Colyer Fergusson|200|(50)|150| ||All Churches Trust|2,738|(613)|2,125| ||Maidstone Borough Council|4,468|(4,468)|-| ||The Screwfix Foundation|4,403|(860)|3,543| ||B&Q|5,826|(984)|4,842| ||Beatrice Lang Trust - High Street refit|4,000|(637)|3,363| ||Mrs Smith & Mount Trust - book shop|||| ||refit/security system|5,000|(1,630)|3,370| ||The SMB Trust|2,000|(2,000)|-| ||Maidstone Borough Council|5,000|(833)|4,167| ||Benefact Trust - IT costs|-|1,446|1,446| ||Kent Police -IT costs|-|500|500| ||Asda Foundation|-|433|433| ||Nationwide - homemaker|-|8,401|8,401| ||Church Urban Fund|-|2,804|2,804| ||Neighbourly Lidl Community - food bank|-|225|225| ||Phillips Foundation - accommodation|-|4,350|4,350| ||Shanly Foundation - schools project|-|2,000|2,000| |||51,196|(4,116)|47,080| ||**TOTAL FUNDS**|114,419|(30,129)|84,290| Page 11 continued... Making A Difference To Maidstone ## Notes to the Financial Statements - continued for the Year Ended 31 May 2023 ## **12. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|233,635|(259,648)|(26,013)| |**Restricted funds**|||| |Van|-|(2,200)|(2,200)| |Colyer Fergusson - outreach assistant|2|(8,811)|(8,809)| |Edward Gostling Foundation|10,000|(10,000)|-| |Cobtree|-|(1,191)|(1,191)| |Colyer Fergusson|-|(50)|(50)| |All Churches Trust|-|(613)|(613)| |Maidstone Borough Council|-|(4,468)|(4,468)| |The Screwfix Foundation|-|(860)|(860)| |B&Q|-|(984)|(984)| |Beatrice Lang Trust - High Street refit|-|(637)|(637)| |Mrs Smith & Mount Trust - book shop|||| |refit/security system|-|(1,630)|(1,630)| |The SMB Trust|-|(2,000)|(2,000)| |Maidstone Borough Council|-|(833)|(833)| |Arnold Clark - core costs|2,500|(2,500)|-| |Benefact Trust - IT costs|2,500|(1,054)|1,446| |Tesco - food bank|500|(500)|-| |Local Giving Ltd - food bank|500|(500)|-| |Asda Foundation - refugee|1,500|(1,500)|-| |Kent Police -IT costs|500|-|500| |Cobtree - core costs|5,000|(5,000)|-| |Neighbourly Lidl Community Trust - food|||| |bank|500|(500)|-| |Asda Foundation|2,000|(1,567)|433| |Involve Kent Limited - bookshop|500|(500)|-| |Neighbourly Lidl Community Trust- food|||| |bank|500|(500)|-| |Maidstone Borough Council - community|||| |resilience|2,500|(2,500)|-| |National Lottery - core costs|10,000|(10,000)|-| |Nationwide - homemaker|10,000|(1,599)|8,401| |Church Urban Fund|4,000|(1,196)|2,804| |Kent Community Foundation - core costs|5,382|(5,382)|-| |Kent County Council - Ukraine|750|(750)|-| |Benefact Trust - core costs|7,800|(7,800)|-| |Neighbourly Lidl Community - food bank|555|(330)|225| |Phillips Foundation - accommodation|5,000|(650)|4,350| |Shanly Foundation - schools project|2,000|-|2,000| ||74,489|(78,605)|(4,116)| |**TOTAL FUNDS**|308,124|(338,253)|(30,129)| Page 12 continued... Making A Difference To Maidstone ## Notes to the Financial Statements - continued for the Year Ended 31 May 2023 ## **12. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |**Unrestricted funds**
General fund
**Restricted funds**
Van
Kent Community Foundation
Colyer Fergusson - outreach assistant
Cobtree
KCF Sir Brandon Gough Trust
Albert Hunt
Henry Smith
Kent Police
Souter Trust
KCC Members Grant
Sir Philip Connie Foundation
Cole Trust
Colyer Fergusson
All Churches Trust
Maidstone Borough Council
The Screwfix Foundation
The Charles Jacob Charitable Trust
B&Q
Garfield Weston Foundation
The Dorcas Trust
Beatrice Lang Trust - High Street refit
Mrs Smith & Mount Trust - book shop
refit/security system
The SMB Trust
Maidstone Borough Council
**TOTAL FUNDS**|At 1.6.21
£
118,836
3,400
-
-
-
60
-
-
200
1,500
1,601
5,000
1,000
6,140
6,908
-
-
-
-
-
-
-
-
-
-
25,809
144,645|Net
movement
in funds
£
(50,138)
(1,200)
(451)
10,000
4,405
(90)
(178)
(174)
(200)
(1,500)
(1,701)
(5,505)
(1,032)
(5,940)
(4,358)
4,468
4,063
(14)
3,449
(99)
(31)
4,000
5,000
2,000
5,000
19,912
(30,226)|Transfers
between
funds
£
(5,475)
-
451
-
956
30
178
174
-
-
100
505
32
-
188
-
340
14
2,377
99
31
-
-
-
-
5,475
-|At
31.5.22
£
63,223
2,200
-
10,000
5,361
-
-
-
-
-
-
-
-
200
2,738
4,468
4,403
-
5,826
-
-
4,000
5,000
2,000
5,000| |---|---|---|---|---| |||||51,196| |||||114,419| Page 13 continued... Making A Difference To Maidstone ## Notes to the Financial Statements - continued for the Year Ended 31 May 2023 ## **12. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|198,420|(248,558)|(50,138)| |**Restricted funds**|||| |Van|-|(1,200)|(1,200)| |Kent Community Foundation|10,001|(10,452)|(451)| |Colyer Fergusson - outreach assistant|10,000|-|10,000| |Cobtree|5,001|(596)|4,405| |Comic Relief|400|(400)|-| |KCF Sir Brandon Gough Trust|-|(90)|(90)| |Albert Hunt|7,000|(7,178)|(178)| |Henry Smith|9,499|(9,673)|(174)| |Kent Police|-|(200)|(200)| |Souter Trust|-|(1,500)|(1,500)| |KCC Members Grant|1|(1,702)|(1,701)| |Sir Philip Connie Foundation|-|(5,505)|(5,505)| |Cole Trust|-|(1,032)|(1,032)| |Colyer Fergusson|-|(5,940)|(5,940)| |All Churches Trust|2|(4,360)|(4,358)| |Maidstone Borough Council|5,001|(533)|4,468| |The Screwfix Foundation|5,000|(937)|4,063| |The Charles Jacob Charitable Trust|2,500|(2,514)|(14)| |B&Q|5,001|(1,552)|3,449| |Garfield Weston Foundation|25,000|(25,099)|(99)| |The Dorcas Trust|2,501|(2,532)|(31)| |Beatrice Lang Trust - High Street refit|4,000|-|4,000| |Mrs Smith & Mount Trust - book shop|||| |refit/security system|5,000|-|5,000| |The SMB Trust|2,000|-|2,000| |Maidstone Borough Council|5,000|-|5,000| ||102,907|(82,995)|19,912| |**TOTAL FUNDS**|301,327|(331,553)|(30,226)| Page 14 continued... Making A Difference To Maidstone ## Notes to the Financial Statements - continued for the Year Ended 31 May 2023 ## **12. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Van
Colyer Fergusson - outreach assistant
Cobtree
KCF Sir Brandon Gough Trust
Albert Hunt
Henry Smith
Kent Police
Souter Trust
KCC Members Grant
Sir Philip Connie Foundation
Cole Trust
Colyer Fergusson
All Churches Trust
The Screwfix Foundation
The Charles Jacob Charitable Trust
B&Q
Garfield Weston Foundation
The Dorcas Trust
Beatrice Lang Trust - High Street refit
Mrs Smith & Mount Trust - book shop
refit/security system
Maidstone Borough Council
Benefact Trust - IT costs
Kent Police -IT costs
Asda Foundation
Nationwide - homemaker
Church Urban Fund
Neighbourly Lidl Community - food bank
Phillips Foundation - accommodation
Shanly Foundation - schools project
**TOTAL FUNDS**|At 1.6.21
£
118,836
3,400
-
-
60
-
-
200
1,500
1,601
5,000
1,000
6,140
6,908
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
25,809
144,645|Net
movement
in funds
£
(76,151)
(3,400)
1,191
3,214
(90)
(178)
(174)
(200)
(1,500)
(1,701)
(5,505)
(1,032)
(5,990)
(4,971)
3,203
(14)
2,465
(99)
(31)
3,363
3,370
4,167
1,446
500
433
8,401
2,804
225
4,350
2,000
16,247
(60,355)|Transfers
between
funds
£
(5,475)
-
-
956
30
178
174
-
-
100
505
32
-
188
340
14
2,377
99
31
-
-
-
-
-
-
-
-
-
-
-
5,024
-|At
31.5.23
£
37,210
-
1,191
4,170
-
-
-
-
-
-
-
-
150
2,125
3,543
-
4,842
-
-
3,363
3,370
4,167
1,446
500
433
8,401
2,804
225
4,350
2,000| |---|---|---|---|---| |||||47,080| |||||84,290| Page 15 continued... Making A Difference To Maidstone ## Notes to the Financial Statements - continued for the Year Ended 31 May 2023 ## **12. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Van
Colyer Fergusson - outreach assistant
Edward Gostling Foundation
Cobtree
Comic Relief
KCF Sir Brandon Gough Trust
Albert Hunt
Henry Smith
Kent Police
Souter Trust
KCC Members Grant
Sir Philip Connie Foundation
Cole Trust
Colyer Fergusson
All Churches Trust
Maidstone Borough Council
The Screwfix Foundation
The Charles Jacob Charitable Trust
B&Q
Garfield Weston Foundation
The Dorcas Trust
Beatrice Lang Trust - High Street refit
Mrs Smith & Mount Trust - book shop
refit/security system
The SMB Trust
Maidstone Borough Council
Arnold Clark - core costs
Benefact Trust - IT costs
Tesco - food bank
Local Giving Ltd - food bank
Asda Foundation - refugee
Kent Police -IT costs
Cobtree - core costs
Neighbourly Lidl Community Trust - food
bank
Asda Foundation
Involve Kent Limited - bookshop
Neighbourly Lidl Community Trust- food
bank
Maidstone Borough Council - community
resilience
National Lottery - core costs
Nationwide - homemaker
Church Urban Fund
Kent Community Foundation - core costs
Kent County Council - Ukraine
Benefact Trust - core costs
Neighbourly Lidl Community - food bank
Phillips Foundation - accommodation
Shanly Foundation - schools project
**TOTAL FUNDS**|Incoming
resources
£
432,055
-
10,002
10,000
5,001
400
-
7,000
9,499
-
-
1
-
-
-
2
5,001
5,000
2,500
5,001
25,000
2,501
4,000
5,000
2,000
5,000
2,500
2,500
500
500
1,500
500
5,000
500
2,000
500
500
2,500
10,000
10,000
4,000
5,382
750
7,800
555
5,000
2,000
167,395
609,451|Resources
Movement
expended
in funds
£
£
(508,206)
(76,151)
(3,400)
(3,400)
(8,811)
1,191
(10,000)
-
(1,787)
3,214
(400)
-
(90)
(90)
(7,178)
(178)
(9,673)
(174)
(200)
(200)
(1,500)
(1,500)
(1,702)
(1,701)
(5,505)
(5,505)
(1,032)
(1,032)
(5,990)
(5,990)
(4,973)
(4,971)
(5,001)
-
(1,797)
3,203
(2,514)
(14)
(2,536)
2,465
(25,099)
(99)
(2,532)
(31)
(637)
3,363
(1,630)
3,370
(2,000)
-
(833)
4,167
(2,500)
-
(1,054)
1,446
(500)
-
(500)
-
(1,500)
-
-
500
(5,000)
-
(500)
-
(1,567)
433
(500)
-
(500)
-
(2,500)
-
(10,000)
-
(1,599)
8,401
(1,196)
2,804
(5,382)
-
(750)
-
(7,800)
-
(330)
225
(650)
4,350
-
2,000
(151,148)
16,247
(669,806)
(60,355)| |---|---|---| Page 16 continued... Making A Difference To Maidstone Notes to the Financial Statements - continued for the Year Ended 31 May 2023 ## **13. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 May 2023. ## **14. GOING CONCERN** No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors. Page 17