THE DEPTFORD RAGGED TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FO
EXTENDING THE LEGACY BUILDING FOR THE FUTURE CREATING SPACE TO FLOURISH THE DEPTFORD RA-_GEI TRUST ANNUAL REPORT ANO JNAUDITEO FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025
CONTENTS OBJECTIVES AND ACTIVITIES ..................................... REVIEW OF THE YEAR................................................. CHURCH SERVICE5 CHURCH SMALL GROUPS 12 SERVING THE COMMUNITY....................................... 15 BEAR CUBS ESOL CLASSES DEPTFORD RAGGED SCHOOL ARCHIVE EVELYN COMMUNITY STORE FILM FESTIVAL BUILDING UPDATE .................................................... 18 FUNDRAISING FOR THE RAGGED PROJECT RISK.......................................................................... 19 POLICY ASSESSMENT TRUSTEES REPORT................................................... 22 INDEPENDENT EXAMINER'S REPORT ....................... 24 THE DEPTFORD RAGGED TRUST ANNUAL REP=RT AND UNAUOITED FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial stalements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in the financial Statements and comply with the Charity s governing document, the Charities Act 2011 and "Accounting and Reporting by Charities. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" leffective DI January 20191. THE DEPTFORD RA-_GEI TRUST ANNUAL REPORT ANO JNAUDITEO FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025
It's been another remarkable year for The Deptford Ragged Trust. the charitable arm of The Bear Church. Autumn 2024 marked a huge milestone the redevelopment of our building reached practical completion, and between September and Christmas, 33 young adults from Lewisham s temporary housing list, moved into their new homes. Our community has shown extraordinary vision. commilmenl and ownership, continuing to raise funds for the fit-out of the church and community spaces. Even while we ve been out of our'home, we ve stayed together- delivering all our projects. services and aclivilie5. and not only sU51aining but growing them, while running operations across four sites. Reading through the stories and impact shared in this report, I hope you 115ee what I see.. a vibrant, resilient community making a real difference in and around Deptford. Finally. my heartfelt thanks to our staff team, volunteers, parlners, and SLJpporlers- yOLJr generosity. energy and belief make all this possible. If you'd like lo get involved, give, or come and join us. we d love to hear from you Blessing5 Hugh Stickland Chair of Trustees 8th December 2025 THE DEPTFORD RAGGED TRUST ANNUAL REP=RT AND UNAUOITED FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025
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OBJECTIVES AND ACTIVITIES The Deptford Ragged Trust, the charitable arm of The Bear Church. is dedicated to extending the Legacy of fostering community and addressing the impact of poverty on people's lives. Today Wè are radically transforming our sile lo serve Dèpilord with allordable housing lor 18 to 35-year-olds. a community kitchen. a museum archive, and a new home lor the church and our activities. Itwill provide 3 dynBmic, mulii-use community hub that serves Ihe diverse needs ol Depllord, losleri ng connection. creaiivily. and support lor local residents. We provide a space lor refuge, learning. worship, and entertainment to local people in South East London. Our vision Ourvision Is lo create a home In the heart ol Depilord where everyone is welcomed, ca n g row and be parl ol a loving communily that cares lor our neiglbourhood and the wider world. We seek lo lovè God and love each other as we woFk out our mi5510n lo alleviate poverty. i501ation. Inequality, hardship. distre55, homele55ness, and sickness. The aims of the charity are: To advance Christian laiih and mission in and around Depiford in the London Eorough ol Lewisham, and Iso elsewhere in London, Ihe UK a nd the rest ol the woFld al the discretion ol the Iru51ee5. To relieve poverty. hardship, distres5, homelessnes5 fjnd sickness in Depllord and the surrounding area, and also elsewhere 8t the discretion of the trustees. Our history The Depilord Ragged Trust s rools trace back lo 1844, when The Depilord Ragged School was founded, 27 years before tho slate provided education lor all children. Established by eight Christian men and women in a loft above a Deptlord cowshed, the school aimed lo leach children to read and write, olien also providing food. The school was dedicated lo ragged children, so nBnied lor their worn clothing and bare feel who endured harsh condilions. To further or benefit the residents of Depilord and the surrounding 8re8 by associating logeiherthe said residen15 and the local authorities, voluntary and olher organisalions in a common ellorl lo -dvance educalion. and lo organise community ctivilies a nd provide 13cililies in the I nlerests 01 socia I welfare for recreation and leisure time occupation with the objective ol improving condilions ol life lorihe residents. To lu Illl other cha rilable purposes lor the benefit ol'.he people ol DeplloFd and the surrounding Grea, 3nd also across London and elsewhere al the discretion ol the trustees. The trustees have paid due regard lo guidance Issued byihe Charity Commission in deciding wh81 activities the Charity should underlake. In 1944, Ihe Ragged School Union became the Shallesbury Society. and The Depilord Ragged School evolved into the £haltesbu ry Ch ristian Cenlre. In 2007. il merged with The Bear Church, and in February 2018, The Depilord Ragged Trust CIO was formed lo continue supporting Ih05e In need In Depilord, and is regislered with the ChaFily Commission under number 1177319. See www.thebear.tv lor more. THE DEPTFORD RAGGED TRUST ANNUAL REP=RT AND UNAUOITED FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025
REVIEW OF THE YEAR Lewisham remains one of London's most disadvantaged boroughs, with 290/0 of residents and a third of children living in poverty. The Oepilord Ragged Trustfhe Bear workshops, and dillerenl sized rooms Church is commilled lo addressing lo host 20-200 people. li will be a home these challenges- supporting lor Ihe church and all our projects, as vulnerable adults and young families well a5 lor use by Depllord residents from low-lncome backgrou nds, and local grou ps. including Ihosewho are homeless. di58bled, have complex needs and Despite being without a permanent experience isolalion and loneliness. base, ourcommunity has shown remarkable resilience and we ve sustained our operations across four Evelyn Community Centre With a small stall team and more than 200 volunteers, we ve continued 10 serve thousand5 01 people from acr055 Deptlord and Lewisha m Our programmes include early years education, parenting classes, English lesson5 lor relugees and niigranls, community mea Is tackling food poverty Sunday Evenings- Evelyn Commun ity and Isolation. heritage projects. and Cenlre, Depilord a vibrant mix ol film and live music events. We also work In partnership Community Events- in the shell of our with other loca l organ isalions lo newly built church, Depilord slrengihen the social fabric ol our area. One ol our service users has said, when I come here each week, I loel In autumn 2024, our redevelopment reached practical completion. Thirty- Like I m coming home. three young adults experiencing That vision remains al the heart homelessness all on Lewish8m s ol everything, lo be a place ol temporary housing list moved into homecoming lorwhoeverw31ks the new sludio Ilals in Bear House. The through the door. next phase ol ourvision 15 to complete the Iil-oul ol our mulli-use lir51 and ground floor5paces. Including a community kitchen, a gallery space for Bear Cubs. English Fridays and Office- Leander CenlFe, Depllord SundayMorninys- Church of the Ascension. Blackhealh
The Bear building project prf Leander Centre Church ol Ihe Ascension Li y4
REVIEW OF THE YEAR 35 21 years of Evening Service The Deptford Ragged School Archive Education, social change and innovation i n Deptford since 1844 years of The Bear Church 25 years of Bear Cubs £10.8m building redevelopment 33 new homes provided 96% funded 1,088 170 £4,200 donated to provide fruit & vegetables to the Evelyn Community Store IsociaL supermarketl meaLs served to alleviate food poverty people receive direct support each week Participants from.. 54 hours •?22•1)01)Q of Esoll classes in the year 45 language students 10 THE DEPTFORD RA-_GEI TRUST ANNUAL REPORT ANO JNAUDITEO FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025
6,273 152 126 new families registered125 % more than the previous year) contacts with children, parents and carers sessions averaging 41 peopLe per session THANKS We are deeply grateful for the unwavering support of our generous funder5 and all who are part of The Bear Church community. The following g ra nts have helped us re31ise our goals.. For the Ragged Project Isite redevelopmenl) QUAKER HOUSING TRUST Your conlFI bulions whether through g Fa nls. spon50r5hips. monthly giving, In-kind donations. or the gill ol time- have enabled us lo susl8in and expand our ellorls. allowing us lo make 8 lasting impact. £19,000 from QuBker HoLJsing Trusl LandAid £4.550 from L8 ndAid We extend ou r hearlleli tha nks lo the more than 200 volunteers who have made il p055ible lor us lo achieve all Ihal we have this year. For English Fridays IESOL Classes): Finally, we extend our hèarileli thanks lo all who have contributed anonymously lo Bear Cubs, The Ragged Project lredevelopmenil. and The Bear Church Your generosilyand dedication inspire us every day. HhxG £4,500 from the Lee Charity ol William Halclillè In Loving Memory of Declan Flynn Declan shared his deep knowledge ol housing, homelessness and fundraising, shapino our mission and slrengihening our impact. His vision, compassion and dedication continue to inspire ourwork. This yearwe mourned the death of Declan Flynn, whose life and work touched cou nlless pèoplè across Depllord and beyond. Declan was a long-standing member ol The Bear Church, CEO of Bench Outreach, Chai r ol Trustees lor J&9, and a passionate SLJpporler ol The Ragged Project. It was imp0551ble to walk with him down Depllord High £lreel wilhoul meeting someone who knew him, admired him, and had been helped by him. In h15 own woFds". "This project will be a protected a55et for the community. and my prayer 15 that it will become a model for other organisations to empower their communities." THE DEPTFORD RAGGED TRUST ANNUAL REP=RT AND UNAUOITED FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025 11
CHURCH SERVICES Sunday Morning Services at Church of We ve been exploring howSabb31h is nol a rilu3110 Ascension, Blackheath perform, bul a rhythm lo embody, logeiher. Throughout We ve conlinued working ourway through the gospel ol Scripture, Sabbath was always a collective practice- a Luke, alongside selling the Iherne ol Sa bbalh loF 2025. rhythm Ihal 10slered commu nily celebration, sha rèd rest and socialju51ice. The 53bbalh command says that ALL are to rest- your servants, the foreigners In your town and animals too. In Ihis we ve been thinking about howihe practice of sabbath extended dignilyand equity across the whole community. In Scriplure, God sanclilies lime by selling ap8rl the Sabb31h. The command lo make time holy Is an Invitation lo slop working and slarl resti ng. It s not just a pause from productivity bul an act ol Irusl., Irust Ihal God s resources are unlimited and that our worth isn't lied ID oulpul. Sabbath asks u5 to remember- alter six days ol labour- Ihal lile is not sustained by our own woFk. The theologian Waller Brueggemann c3115 Sabbath resistance a refusal lo be defined by-.he culture of now. This h85 feli particularly Important as we18ce the ongoing challenge ol r8isipg signilic8nl funds ID lil-oul our church so that we can rnove back in. Our children and youth groups follow the Urban Saints 'Energize pFogramme. In December 2024 WÈ recruited a Children and Youth Lèad lo develop our church-based lamilywork. The Sunday Evening Community Meal and Service at Evelyn Community Centre, Deptford On Sunday evenincs, we host a community gathering th81 combines 8 free, hot, nulrilious mealwilh a sale a nd welcoming space. It directly tackles food poverty while addressing social isolation and loneliness. A diverse group ol individuals have made Ihis gathering their own building friendships. supporting Sabbath recalibrales us. It loosens ourgrip on the things Ihal easily become idols- ourwork, our striving, our constant busyness. 11 reminds us th31 wholeness omes not from acquisition bul from restoration through our relationship wilh our creator. Sunday morning se Church ol the Asce e at 510n
one another. and finding belonging amid experiences ol homelessness, addiction, complex mental health needs, and irregul8 r migration. Th Is d Iversily rellecls our commitment to inclusive services that promote dignity and respect lorall. The Fneal is followed by 3n optional time lor relleclion, sharing, and worship. Vincent Inol h15 re31 namel, an elderlyAlrican Caribbean man, has been attending the Community Meal and Evening Service lor many years. A quiet, hard-ol-he8 ri ng ex-servicem8 n who listens laiihlully lo the B BC World Service, always asks lo pray lor peace. When the service paused over the summer, a member ol the lèam mel him on Ihe high slreel, whore he expressed how much he missed the weekly gatherings. His lailh and gentle presence embody what this space offers connection, comfort, and belonging. More than a meal, the Evening Service provides stability and compassion lor people who are olien excluded from the mainstream. It ollers a vital 58lely nel Bnd a springboard lor resilience helping people rebuild confidence, form 5upporlive Felalionships. and feel parl ol a community that values them. For 21 years. the Evening Service ha5 been run entirely by volunteers. Their dedication. trust, and deep local knowledge have sustained this vilalwork. We are hugely grateful lo Year 8 students from Deptlord Green School lor their collection in April ol non-perishable food items lor the community meal. Looking ahead, the leam has idenlilied the need lo secure funding and dedicated sl811 support lo ensure Ihe long-lerm suslainabilily ol the Sunday evening provision.
CHURCH SMALL GROUPS We are committed to fostering a welcoming environment where individuals can find support and encouragement. The aim ol our rnid-week small groups is lo share Ille and grow In lailh together. Six group5 have run Ihisyear. Including., . Iiiiiil A group that vis115 a dillerenl reslauranl each month on Depilord High Sireel su pporling loc8 I businesses Two home-based groups who read the bible together and pray lor each other Two home-based groups who di5CU55 podcasts on current allairs, religion and society A daytime bible study group lorwomèn, held al a local calé J?
SERVING THE COMMUNITY Serving the surrounding neighbourhoods and residents is an essential part of our faith. Bear Cubs Bear Cu bs has continued lo oller early years education through four play sessions a week lor under-lives a nd their p8 renlslcarers. The three indoor, and one ouidoor, sessions pmvide the opporlunily lo learn through play, ma ke friend5, recèivè support and have adventure5. Weve done five librarylrips 8swell as our8nnual outing lo Charlion Lido. In the Spring term, we had our first visit lo Kew Gardens as part ol their Community Open SchemÈ. It rained and Ihe Irainswere delayed, bul we had a laDulous limel We also v1511ed Mudchule Farm. the Migration Museum and the Docklands Museum- alllree lo ourfarrilies. Over the course ol the year, we had 6,273 contacts with child ren, pa rents and carers across 152 sessions, averaging &1 people a session. We have run one p3Fenling coursewilh 14 paFenls taking paFI and 16 children In the creche. Th15year. we have had 126 new13 milies register with us. which is 250/D more than the previous yea r. We have seen an i ncrease In those discovering us online or al outdoor sessions. On Thursday morningswe go lo a dilleronl local green space and provide many outdoor activities Families ollen lind us in parks and then become regulars 31 the Indoor sessions. We have continued our'Build a Bear weeks a lew limes a term where we switch from Ihe usual loysel-up and plBywiih boxes, fabric and whaleverolher interesting things we can lind lo a background olworld Mus1C. This year saw ou r twenty lillh birthday. which we celebrated with a week ol parties and a trip to Horniman Museu m. They gave our13milies free lickels lo the Bullerlly House 3rd the Aquarium as a birthday gift. THE DEPTFORD RAGGED TRUST ANNUAL REP=RT AND UNAUOITED FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025 15
ESOL English Classes We have conlinued our English cl8£SeS predominanlly311ended byasylum seekers. refugee5 and local people who speak English as a second language. Everyone who comes wants lo i m prove Iheirspeaking and writing skills, as well as praclise reading and comprehension. The cl355 is also an opportunity lo be parl ol a warm. friendly community where friendships are made and any concern or issue can be brought. lill, Oursludenls come from many different places.. Alghanislan, Angola, 8r8zil, Chad, China, Erilrea, Ethiopia, FrancÈ, Gerogia, India, Iraq. Iran. S Korea. Morocco. Peru. Russia, Somalia. Sri Lanka, Turkey. U4raine and Vietnam. Many are completely newlo the area and are begi nners, others have lived a nd worked locally lor a long lime bul want a chance lo improve Iheir language skills. We had between 5 and 15 students al each class. vulnerable parents and Iheir children lo classl and the Refugee Council. In addition, Local Home Office accommodation olien refer families and individLials lo us, through Lewi5ham Connections. In July 2024 wewere given free Iickels by City Bridge Trust to visit Tower Bridge. A large grou p from the class spent the day exploring this historical landmark. enjoying the stunning views ol the Thames and the City Some ol our sludenls have pre-school children, and unlike other ESOL classes, we can accommodate them during the lesson by providing activitie5, toys and a volunleerto help occupythem while mum or dad Is learning. E50L students and their children have gained English skills in our class, helping them to access training, education and employment opporlunilies. Studen15 wilhoul conlacl wilh olher English speakers were exposed lo new 511ualion5 and gained confidence and self-esteem. Ma ny have a Iso been a ole lo access help and support with legal advice, writing letters to the Home Ollice and their MP, creating Cvs and so on. Our classes were taught by two experienced ESOL teachers, leaching advanced and beginners groups in the Same room, and the learners are also supported by IDurvolunleers from the church and local community. We are very grateful th31 The Lee Charity ol Willia Fn Hatclille gFanled us all the funds we needed lo pay the teachers salaries. We continue towork with social services Ila mily workers refer a.gd accom pany 16 THE DEPTFORD RA-_GEI TRUST ANNUAL REPORT ANO JNAUDITEO FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025
Deptford Ragged School Archive IDRSAI The Depilord Ragged SchoolArchive IDRSAI is 8 herilage outreach project with an archive collection ol objects which tell the history ol the Deptlord Ragged School and the parl il has played In the community ol Depilord since 1844. DRSAaims 8gd values. informed byihe listoryof the Depilord Ragged School, are to use the archive lo inspire community a rls projects in Depilord, and lo advocate lor children whose education is Impacted by poverty. The pFoiecl leader run5 the DRSA with a commilled group olvolunleers to support the deliveryol community aclivilies. The activities enable Ihe local community lo explcre the history ol Depilord a nd learn how the Depilord Ragged School sha ped the Depilord we know today. Evaluation has shown that this bu Ids a sense ol cornmunily and pride ol place. as Ioc31 people. uncover stories that happened wheFe they Live and go to school and In the streels they walk down every day. Community activities were delivered to 134 children, 29 8dulis and we worked with three volunteers., Workshops with year 7 al Cèlerham School as parl ol-.heir EDGE programme. suppoFling and training sludenls lo create an exhibition on the history ol their school. The collection is documented on www.ehive.com under Depiford Ragged School Archive. Pop-up exhibition and crall workshop al Creekside Discovery Cenlres Winter Open Day. K52 learn ing resou rces and teacher notes, Deptlord Ragged School Heritage Trail, lor Historic England, published online hiips..//h sloricongland.org.ukl educalionlschools-resources/ieaching-aclivilie51 depllord-herilage-Irail/ Attended.. Two SE Sa lon s Conversations for Cha nge. Brockley WE are here..We are on the move.. empowerment through visual and textile storytelling. Red Ribbon Living Well, IDepilord Peoples Heritage Museuml, Dopilord Lounge. IRSA Website.. vmw.depilordraggedschoolarchive.org.uk Inslagram.. fidepllord ragged school archive CHRISIMAS DEPTFOBD RAC*fkD SCHOOL AIiCHIV T>V.PTFORD WACtsF.DSLKUOL The Film Feslival We hosted and supported the New Cross and Deptlord Ilm Festival INXDIIII again this year. Our volunteers play key roles in creating this fabulDLJS local event Including Chairand Treasurer. We collaborated with New CF055 Learning Library 10 5creen'Mary3nd the Witches Flower lo an audience 0143 people. We also hosted a screening ol'Fremonl' 81 Ihe Leander Centre where we run ou r la nguage classes. The English Fridays proiocl manager gave the audiencè an InlFoduclion lo the project as well as InlFoducing the Film. a beautiful s10ry3boul an Afghan refugee and the universal longing lor home. Evelyn Community Store We have continued supporting the Evelyn Community Store, wh Ich exists lo alleviate food poverty in the local community. This year, we h8ve donated £100 perweek in fruit and vegetables lo the Evelyn Communily Store, £4,200 1 n lolal. Phil. from Depllord Ma rkel, continued lo sell us fruit a nd vegetables al wholesale prices and has taken on Iheweekly delivery In his van. THE DEPTFORD RAGGED TRUST ANNUAL REP=RT AND UNAUOITED FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025 17
BUILDING UPDATE I n 2017, the previous IehoLderS ol our sile gave notice of their intention lo sell the land. To prevent Il Imm being sold lo private developer5 and lo conti nue the legacy ol 180 years ol servicè lo the local community, we raised E756.000 with help from 13 mily, friends. other churches. and gr3nl-making Irusl£ lo buylhe freehold. This achievement rellecls how much local people value the support we provide Ihrough ourwide range ol aclivilies. commun ity kitchen, outdoor space, a community arts sludiol workshop, and a home lor the Depllord Ragged Trust Archive. This space will provide connection, support, and hope- all under one roof. and community fundraising conlinue lo make an incredible Impact. contributing 45010 of total lu nds raised. We extend ou r hearifelt thanks lo everyone who has donated, and lo all the inspiring individuals and groups who have gone the exlra mile lo raise Funds- from runn ng hall marathons, h051ing Chrislma5wrealh-making workshops. and hiking the Camino Way. lo organising quizzes, donating old bank notes and coins. hosting cream leas, selling trolley coins, launching albums, and donating royalties from strèamed mLJSiC and downloads. In 2022. the life- expired building was demolished, and conslruclion began on a new six-slorey, low-caFbon building desig ned lo house a Inlegraled church and community cenlre. The partnèrship modelwe ve created with J49 la newly formed pioneering housing a550cialion 149 spacel. Lewisham Counci I, the Greater London Authority, and the local community is keylo achieving meaningful outcomes. We are learning how community and faith groups can unilewiih local and regional government lo address social problems. Im3ginalion. empathy, and social responsibility are being combined with the worlds of policy, planning, management, and finance lo build something profoundly ImpacilLJI. In summer 2024 the redevelopment reached praclical completion and we are delighted lo report that 33 residents a re now settled and living In Bear House. However. we know that housing Is just the beginning and Ihal more musl be done lo IGckle the rool causes ol homelessness and poverty. And 50 we continued 10 seek funding lor the next key stage ol our redevelopment project- lo lil out the ground and first floor and create a lully accessible, vibra nl. mulli- purpose community and church hub. It will include a 18 THE DEPTFORD RA-_GEI TRUST ANNUAL REPORT ANO JNAUDITEO FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025
RISK Our trustees take a proactive and systematic approach to identifying, assessing, and managing risks. They ensure that systems and controls are in place lo provide Feasonable assuFance again51 fraud, error, and operational disruption. and lo safeguard the chaFIlys 8ssels, reputation, and long-lerm suslainabilily. A comprehen51ve Risk Regisler Is maintained and regularly reviewed, assessing the Li keli hood and Impact ol key risks and the measures in place to milioale Ihem..4isks are monitored continuously, with emerging issues identified early and addressed promptly. Key Risks for 2025126 1. Inflationary Pressures and Budget Management Pers151enl I nllalion and rising cos15 conlinue lo lesl financial resilience. Income and expenditure are closely mon ilored. a nd sa18 ry reviews 8 re undertaken prudently to ensu re 18ir pay. Although cong regalional giving remains stable, reliance on voluntary donalior.s poses a risk il income falls. The Charity mainlains reserves covering al le351 Ihree months ol coFe c0515. Where possible, Full Cost Recovery is included in funding bids to support long-term suslainabilily. Financial controls are clearly defined lo ensure accounlabilily, Iran5paFency, and conlidenlialily. Financial reports are reviewed al each Finance Sub- Committee meeting and submilled lo Trustees lor approval. The annual Budget Is agreed by the end ol January. ahead ol the financial yearslarling 1 April 2. Fundraising lor the Building Project A key priority is raising E463,931 lo complele Ihe lil- out ol the church and community space. Successful completion is essential lo lulure growth and outreach. A structured fundraising plan and largeled donor engagement are In place, supported bywider church income-generalion activities. Key policies, including Safegu8 rding, Data Protection, Health & Salèiy, and Financial Procedures, are reviewed an nua Ily lo rellecl changes i n legislalion and best pFaclice. Sale systems ol work are embedded across all operations. and risk assessments are conducted lor non-standard or one-off aclivilies, such as away days, community p"ogrammes, and outreach projects. 3. Dependence on Key Funders and Donors Changes In lunder priorities or reductions In giving could allect lina ncial slabilily. Trustees mai nlai n strong relationships with lunders, 8 lign obieclives, report impacl clearly, ard continue lo divèrsily income through gran15 and Individual giving. Truslees review risks under live pri ncipa I head ings.. 1. Regulatory- safeguarding, health and 53lely, da13 proleclion. and employrnenl law. 4. Governance and Board Capacity While not currently a concern, the lo££ ol experienced Iruslees or dilliculiy recruiting new members could reduce oversight. The Board reg ul8 rly reviews Ils skills matrix, u nderlakes 5ucce55ion pl8 nni ng, and recruits periodically lo rema in elleclive a nd divÈFse. 2. Financial- Iraud, loss ol dala or oxperlise, and long-lerm viabilily 3. Operational - food hygiene, mainten3 nce. and day-lo-day delivery. 5. Safeguarding, Health & Safety, & Compliance Safeguarding children. young people. and vulnerable adults MaInS a key governa nce priority. Regular audits. training, and reporling proceduresare in place. Health and safely compliance, Including food hygiene and building safely, is reviewed routinely with named leads pmviding oversight. 4. Oryanisational - ma nagemenl ol resource5. governance. and systems. 5. Insurable - property, accident, and business continuity. THE DEPTFORD RAGGED TRUST ANNUAL REP=RT AND UNAUOITED FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025 19
- Staff and Volunteer Wellbeing and Retention The Charity depends on dedicated stall and volunteers. Burnout. turnover. or recruilmenl challenges could allecl delivery. Wellbei ng, flexi ble worki ng, supervision, and recognition are promoted lo sustain molivalion. Volunleer5 receive training and support lorsale. elleclive engagemenl.
- Cybersecurity and Data Prolection Growing relia nce on cloud-based systems increases exposu re lo dala loss or cyberattack. Controls include strong passwords, reslricled access, secure storage, slall Iraining, and regular updates, ensuring compliance with GDPR and data protection laws.
- Reputational Risk and Public Confidence Any safeguarding. financial, orgovernance lapse could harm reputation and trust. Mitigation includes transparency, loslering a culture ol open communication, strong inlernal controls and adherence lo high ethical and governance standards.
- Multi-site Operations and Continuity Activities currently span four siles. each with dislincl logistics, costs, and relationships. This requ Ires strong coordination and goodwill. Sustaining molivalion, vision, and allendance depends on leadership, shared purpose, and continued landlo"d support. Posilive Felalionships with h051 venues and Fegular communication help ensure stability and a unified Identity across locations. 20 THE DEPTFORD RA-_GEI TRUST ANNUAL REPORT ANO JNAUDITEO FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025
LOOKING TO 2025-2026 AND BEYOND Our aspiration for the coming year is to finish the building redevelopment so that we can move back in and open the doors. New multi-purpose auditorium sealing 200 lor The Bear Church and communily use. 2. Bear Kitchen- a social meeling place IDr the cornmunily ollering skills training and work experience. commercial catering facilities and good quality healthy food. Our plans foran integrated church and community centre are coming together aswe enter the home stretch ol what Is, for us. a opce-in-8-lifeliTe project. In our new building, we will nurture the local community and provide practical supporl and engagement 3clivilies lor local families. children and young people, refugees 3 nd asylum seekers. homeless people, and others In need. Our community services positively i mpacl the lives ol under-resourced people living in Depilord lin the bollom 10010 on the Indices ol Deprivalionl and Souih Easl London. 3. The Evening Service- community meal lor those who experience food poverty and social Isolation. 4. New18cililies lor Bea r Cubs pre-school parent/ C8rer and toddler group and parenting classes. 5. Enlerlainmenl facilities- lor BearLive lo showcase live mu51c, film, arl ènd Ihealre. 6. Wellbeing se5510n5 - P5a Ims and SIFelches, pa renting su pporl. mentoring lor the re51dents of Bear House. Once compleled, The Depilord Ragged TrusUThe Bea r Church will 13cililale the service5 we currenllyoller and extend our ollerto provide opportunities lor learning, enterprise, play, cre8livily, personal development, mprovemenls in wellbeing, and a greater sense ol belonging. 7. We will continue to employ one lull-lime and nine part-lime staff members forthe coming year. THE DEPTFORD RAGGED TRUST ANNUAL REP=RT AND UNAUOITED FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025 21
TRUSTEES REPORT The trustees of The Deptford Ragged Trustl The Bear Church are a dedicated group of individuals who bring diverse skills, experience, and commitment to their roles. They are responsible for overseeing the church's strategic direction and governance, ensuring that we remain true to our charitable objectives while operating effectively and sustainably. The company s current policy concerning the payment of trade creditors is to". settle the terms ol payment with su ppliers when agreeing the terms ol each Iransaclion. ensure that suppliers are made aware ol the terms ol payment by inclusion ol the relevant terms in conlracls". and Pay In accordance wilh Ihe companys conlraclu31 and other legal obligations. Over the past year, the trustees have focused on steering the organisalion through the redevelopment ol our sile. During a period ol significant economic challenge, they have priorilised financial stability and 5uppoFled the chuFch s mission 10 Serve our ommunity. Each yea r, aller reviewing the budgel. the Iruslee5 delegate the running ol the church and trust lo the leadership teams. The Bear Leadership Team. Led bythe church leader Ide laclo CEOI, and Including one member ol the Iruslees, lo oversee the day-lo-day running ol all aspects ol the church, including the finances, aclivilies, building. employrnent and 5aleguarding. The trustees meet regularly lo review the progres5 ol the redevelopment, legal requirements, and the church s aclivilies, assess risks, and make informed decisions Ihal align wilh our mission and v8lues. Their The Bear leadership team delegates powers lo the commilmenl lo Ir8nsparency, accounlabilily, and finance team. the buildings team. the services teams. ethical governance underpins all ol IheirwoFk, and they and each ol the teams that run 8clivilies. continue lo work closelywilh the leadership team lo navigate the opporlunilies and challenges ahead. Notably.. Bear Cubs, English Fridays, Depllord Ragged School Archive, Global Icross-cu Iiural workersl and Be3rLive. The trustee board at the time ol writing.. Philippe Granger lappoinled 04.06.20241 2. Chinemerem McDonald lappoinled 06.10.20251 3. Kaly Nyman 4. Michelle Powell lappoinled 6.10.20251 Hugh Slickland Ichairl 6. Dr. Rachel Thomas The board ol Iruslees is th8 nklul lor the commitment and hard work ol stall and the 200+ volunteers who often go beyond the call ol duly lo serve other5 in this commun ily. The board recognises the Invaluable financial support from members of the church ond other donors who have contributed generously lo this work. Employees Stall have been employed during the year in the following roles. Church Leader, Assislanl Church Leader. Church O perèlions Co-ordinators (covered by two parl-time rolesl, Finance Officer, Digital Content Officer, Cleaner, Bear Cubs M8n8ger, Bear Cubs Project Worker, Bea r Cubs Admi nislralor and Children and Youlh Lead. All conlraclod stall are employed underThe Depllord Ragged Trust Pay and Pension5 Policy The Church Leader Is employed al 40 hours 7. Sheree Urquharl (resigned 13.06.241 The governi ng docJment/conslitulion is provided lo all Iruslees and m8de available lo others on request. The compa ny's current policy concerning the payment ol trade creditors is lo follow the CBI s Prompt Payers Code Icopios arè available from the CBI, Centre Point, 103 New Oxford Street, London WCIA 10UI. 22 THE DEPTFORD RA-_GEI TRUST ANNUAL REPORT ANO JNAUDITEO FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025
perweek. all other stall are employed on a pro rala, parl-time basis. Parl-time hours ol contracted st811 are 142 hrs perweek, which equales lo 3.5 employees in regular employment. We also pay IWD teachers term- lime lorlhe English FFidays classes. and sessional creche workers lor Be3 r Cu bs Parenting Cou Fses. All stall, contracted or sessional. are employed al or a bove the London Living Wage. The law applicable lo charities in England and Wales requires the trustees to prepare financial statements loreach financial yearwhich give a true and lairview DI the slate ol 3113irs ol the Charity and ol the incDming resources 3 nd application ol resou Fces ol Ihe Charity lorlh31 year. In preparing these financial slalements, the IFu5tees are required lo.. Public Benef it The Trustees confirm th81 they have complied with their duly underseclion 4 01 the Charities Acl 201110 have due regard lo the Charity Commission s guid3nce on public benefit. The Depllord Ragged Trust exists lo advance the Christian lailh and lo relieve poverty, hardshi p. d Islress, sickness, and social isolation I n Depilord and beyond. It also promotes educalion, community paFlicipalion, and well-being lor people ol all background5, wilhoul distinction ol lailh, elhnicily. or £lalus. Through The Bear Church. the Trust provides a safe and welcoming environment where people can connect, learn, and thrive. li SeeS all who wish lo parlicipale, regardless ol whether they share the charity s lailh-based loundalion. All activities are delivered In line with the Charity Comm155ion 5 public benefit principles, namely providing an Identifiable benefit to the public and ensuring that benefit is av3ilable lo a wide section of the community. select 5uilable accounting policie5 and then apply them consistently. Observe the methods and principles In the Charities SORP. Makeiudgemenls and eslim8les that are reasonable and prudent. State wheiherapplicable accounting standards have been fol,owed, su bjecl 10 3 ny materi8 I departures disclosed and explained in the financial slalemenl5', and Prepare the financial 51alemenls on the going concern basis unle55 il 1£ Inappropriate lo presume that the charilywill continue In operation. The trustees 8 re responsible lor keeping sufficient accounting records Ihal disclose with reasonable accuracy al apy lime the financial pos11ion olthe Charity and enable them lo ensure that Ihe financial slalemenls complywilh thè Eharilie5Acl 2011, the Charity IAccou nts a nd Reporlsl Regu131ions 2008 and the provisions ol the trust deed. They are also responsible lor safeguarding the assets ol the Charity and hence lorlaking reasonable steps lor the prevention and detection ol fraud and other i Fregu lariliès. The Trust measures ils public benefit through regular feed back, case slud ies, and partnership5. Outcomes include reduced 1501alion, Improved Thenlalwellbeing, slrenglhened community cohesion. en hanced literacy and language skills, access lo housing and Increased opporlunilies lor families. Through Ils Integrated programme of worship, education, heritage. and social action, The Depilord Ragged Trust continues the 180-year legacy ol the original Depilord Ragged School- providing refuge, leaFning, and opportunity lor those mosl In need, and creating a vibrant, inclusive home in the heart ol Depilord. The Trustees. report was approved by the Board ol Trustees, 8 Dec 2025. Statemenl of trustees, responsibilities The Iruslees are responsible lor preparing the Trustees Report a nd the lina ncia I slalemenls in accordance with applicable law and United Kingdom Accounting Standards l United Kingdom Generally Accepted Accounting Praclicel. Mr. Hugh Slickland Chair of Trustees THE DEPTFORD RAGGED TRUST ANNUAL REP=RT AND UNAUOITED FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025 23
INDEPENDENT EXAMINER'S REPORT Independent examiner's report to the trustees of The Deptford Ragged Trust l Feporl lo the chaFily Iruslees on my examination ol the accou nts ol The Deptlord Ragged Trust (the Trus11 lor the year ended 31 March 2025. I have completed my examination. I confirm that no material mallers have come lo my allenlion In connection with the examination giving me cause lo believe that In any material respect.. accounting record5 were not kept In respect ol the Trust 35 required by Section 130 01 the Act., or Responsibilities and basis of report As the cha rily trustees of the Trust you are responsible lor the preparation ol Ihe accoun15 in accordance with the requirefflenls ol the ChariliesAcl 2011 I'ihe Acl'l. 2. the accounts do not accord with those records.. or 3. the accounts do not complywith the applicable requirements concerning the form and content ol accounts sel out In the Charities IAccounls and Repor151 Regulations 2008 olherihan any requirement that the accounts give a true and lair viewwhich Is not a malleF considered as part ol an independent examination. I report in respect ol my exami nation ol the Trust s accou nts c3 rried out u nder Section 145 01 the Act and In carrying out my examination I have followed all applicable Directions given byihe Charity Commission under Section 1&51511bl ol the Act. Independent examiner's statement Since you r charity s gross income exceeded £250,ODO your oxaminer musl be a momber ol a listed body. I can confirm Ihal13m qualified lo undeFlake the examination because l am a member ol the Institute of Ch3"lered Accounlanls In England and Wales, which Is one ol the listed bod ies. I have no concerns and have come across no other matters in connection with the examination lowhich alleglion should be drawn in this reporl In orderlo enBble a proper Ljnderslanding ol the accounts lo be reached. James Foskell BSC, FCA, DChA DUX Advisory Limited Chartered Accounta nts Kennel Club Housè Gatèhouse Way Aylesbu ry Buckinghamshire HP198DB 16/1212025 24 THE DEPTFORD RA-_GEI TRUST ANNUAL REPORT ANO JNAUDITEO FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025
The Deptford Ragged Trust Statement of Flnanclal Artlvltles for the Year Ended 31 March 2025 31.3.25 Total fund5 31.3.24 Total funds funds Unrestricted fund5 Re5tritted fund5 Notes INCOME AND ENDOWMENTS FROM Donation5 and legacies 153,759 115,442 269,201 560,215 Charitable activitie5 Charitable activities 33,448 45,775 79,223 71,939 Investment income 761 761 590 Total 187,207 161,978 349,185 632,744 EXPENDITURE ON Charitable activities Charitable activities 102,360 159,122 261,482 247,425 NET INCOME Transfers between funds 84,847 13,3321 2,856 3.332 87.703 385,319 14 Net movement In funds 81,515 6,188 87.703 385.319 RECONCILIATION OF FUNDS Total funds brought forward 50,597 1,734.943 1,785.540 1,400.221 TOTAL FUNDS CARRIED FORWARD 132,112 1,741,131 1,873.243 1,785,540 The notes form part of these financial statements THE DEPTFORD RAGGED TRUST ANNUAL REP=RT AND UNAUOITED FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025 25
The Deptford Ragged Trust Balance Sheet 31 March 2025 31.3.25 31.3.24 Notes FIXED ASSETS Tangible asset5 io 1,771,834 1,713,454 CURRENT ASSErs Debtor5 Cash at bank li 3(X) 109,227 23,552 58,017 109,527 81,569 CREDITORS Amounts falling due within one year 12 18,1181 19,4831 NET CURRENT ASSETS 101,409 72,086 TOTAL ASSETS LESS CURRENT LIABILITIES 1,873,243 1,785,540 NET ASSETS 1,873.243 1,785.540 FUNDS Unrestricted funds Restricted funds 14 132.111 1,741,132 50,597 1,734,943 TOTAL FUNDS 1.873,243 1,785,540 The financial statements were approved by the Board of Trustees and authorised f()r issue on and were signed on its behalf by.. 8th DecembeF 2025 Mr H Stickland Trustee Hugh Siickland, Chair of Trustees 26 THE DEPTFORD RA-_GEI TRUST ANNUAL REPORT ANO JNAUDITEO FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025
The Deptford Ragged Trust Cash Flow Statement for the Year Ended 31 March 2025 31.3.25 31.3.24 Notes Cash flows from operating artivities Cash generated from operations 124,856 380,094 Net cash provided by operating activities 124,856 380,094 Cash flows from investing artivities Purchase of tangible fixed assets Interest received 173,6461 1458,8811 590 Net cash used in investing activities 173,6461 1458,2911 Change in cash and cash equivalents In the reporting period Cash and cash equivalents at the beginning of the reporting period 51,210 178,1971 58,017 136,214 Cash and cash equivalents at the end of the reporting period 109.227 58,017 THE DEPTFORD RAGGED TRUST ANNUAL REP=RT AND UNAUOITED FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025 27
The Deptford Ragged Trust Notes to the Cash Flow Statement for the Year Ended 31 March 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.25 31.3.24 Net income for the reporting period las per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Decreasellincreasel in debtors IDecreasel/increase in creditors 87,703 385,319 15,266 15,266 15901 120,4201 519 23,252 11,3651 Net cash provlded by operatlons 124.856 380,094 ANALYSISOF CHANGES IN NET FUNDS At 1.4.24 Cash flow At 31.3.25 Net cash Cash at bank 58,017 51,210 109,227 58,017 51,210 109,227 Total 58,017 51,210 109,227 The notes form part of these financial statement5 28 THE DEPTFORD RA-_GEI TRUST ANNUAL REPORT ANO JNAUDITEO FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025
The Deptford Ragged Trust Notes to the Flnanclal Statements for the Year Ended 31 March 2025 ACCOUNTING POLICIES Basis of preparing the finantial statements The financial statements of the charity, which 15 3 public benefit entity under FRS 102, have been prepared in accordance with the Charitie5 SORP IFRS 1021 '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 IFRS 1021 (effective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial Statements have been prepared under the historical cost convention. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Prattice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are presented in sterling (£1. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. Signrficant judgments and estimates In the application of the charity's accounting policies. management is required to make judgments. estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an on going basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. 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 reliablv. Expenditure Liabilities are recognised as expenditure as 500n as there 15 a legal or constructive obligation committing the charity to th3t expenditure, it is probable th3t a transfer of econornic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure 15 accounted for on an accrua15 basis and has been cla55ified under heading5 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. Charitable funds Unrestritted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they May be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. THE DEPTFORD RAGGED TRUST ANNUAL REP=RT AND UNAUOITED FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025 29
The Deptford Ragged Trust Notes to the Flnanclal Statements- contlnued for the Year Ended 31 March 2025 ACCOUNTING POLICIES- contlnued Tangible fixed assèts Gifts in kind of fixed assets are capitalized at their e5timzted market value and depreciated in accordance with the policy for that particular cla55 of asset. Depreciation is recognised so as to write off the cost or valuation of a55ets les5 their residual value5 over their useful lives on the following ba5es= Freehold land and buildings Office Equipment 50 years of Useful Life 5 years of Useful Life The costs of redeveloping the building will be written off over the remaining portion of the building's 50 year useful economic life. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. Taxation The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph I Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities. Fund accounting Unrestritted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the n(>tes to the financial statements. Foreign turrencies Assets 3nd liabilitie5 in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling 3t the rate of exchange ruling at the d3te of transaction. Exchange differences are taken into account in arriving at the operating result. Pension cost5 and other post-retirement benefits The ch3rity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-terrn highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. 30 THE DEPTFORD RA-_GEI TRUST ANNUAL REPORT ANO JNAUDITEO FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025
The Deptford Ragged Trust Notes to the Flnanclal Statements- contlnued for the Year Ended 31 March 2025 DONATIONSAND LEGACIES 31.3.25 Total funds 31.3.24 Total funds Unrestricted fund5 Restricted fund5 Donation5 Income tax recoverable on standing orders and gift 3id 130,968 107,530 238,498 520,271 22,791 7,912 30,703 39,944 153,759 115,442 269,201 560,215 INVESTMENT INCOME 31.3.25 Total funds 31.3.24 Total funds Unrestricted funds Restricted funds Interest receivable 761 761 590 INCOME FROM CHARITABLE ACTIVITIES 31.3.25 31.3.24 Activitv Charitable activities Ancillary trading income 79,223 71,939 CHARITABLE ACTIVITIES COSTS Support costs (see note 61 Direct Costs Totals Charitable activities 261,341 141 261,482 Direct Costs include fees of £2,35012024.. £2.3501 for the independent examination and £1,50012024.. £1,500) for other professional service5. THE DEPTFORD RAGGED TRUST ANNUAL REP=RT AND UNAUOITED FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025 31
The Deptford Ragged Trust Notes to the Flnanclal Statements- contlnued for the Year Ended 31 March 2025 SUPPORT COSTS Finance Charitable activities 141 TRUSTEES, REMUNERATION AND BENEFITS There were no trustee5' remuneration or other benefit5 for the year ended 31 March 2025 nor for the year ended 31 March 2024. STAFF COSTS 31.3.25 31.3.24 Wages and salaries Social security costs Other pension costs 128,198 1,929 10,076 125,141 2,086 11,341 140,203 138,568 The average monthly number of employees during the year was as follows.. 31.3.25 12 31.3.24 Average number in the year No employees received emoluments in excess of £60.000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM D(>nation5 and legatie5 154,513 405.702 560.215 Charitable activities Charitable activities 26,319 45.620 71.939 Investment income 590 590 Total 180,832 451,912 632,744 EXPENDITURE ON Charitable activities Charitable activities 173,805 73,620 247,425 NET INCOME 7.027 378,292 385,319 32 THE DEPTFORD RA-_GEI TRUST ANNUAL REPORT ANO JNAUDITEO FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025
The Deptford Ragged Trust Notes to the Flnanclal Statements- contlnued for the Year Ended 31 March 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- ¢ontlnued Unrestricted fund5 Restricted fund5 Tot81 funds RECONCILIATION OF FUNDS Total funds brought forward 43,570 1,356,651 1,40D,221 TOTAL FUNDS CARRIED FORWARD 50,597 1,734,943 1,785,540 io. TANGIBLE FIXED ASSETS Fixtures and Freehold property Totals COST At l April 2024 Additions 1,771,312 73,646 7,021 1,778,333 73,646 At 31 March 2025 1.844,958 7,021 1,851,979 DEPRECIATION At l April 2024 Charge for year 60,795 14,287 4,084 979 64,879 15,266 At 31 March 2025 75,082 5,063 80,145 NET BOOK VALUE At 31 March 2025 1.769,876 1,958 1.771,834 At 31 March 2024 1.710.517 2.937 1.713,454 ii. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Gift Aid Receivable 300 23,552 THE DEPTFORD RAGGED TRUST ANNUAL REP=RT AND UNAUOITED FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025 33
The Deptford Ragged Trust Notes to the Flnanclal Statements- contlnued for the Year Ended 31 March 2025 12. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Taxation and Social security Other creditors 4.268 3.850 4,498 4,985 8,118 9,483 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.25 Total funds 31.3.24 Total funds Unrestricted funds Restricted funds Fixed assets Current assets 74,236 65,993 18,1181 1,697,598 43,534 1,771,834 109,527 18,1181 1,713,454 81,569 19,4831 132,111 1,741,132 1,873,243 1.785,540 14. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.3.25 At 1.4.24 Unrestricted funds General fund 50.597 84,846 13,3321 132,111 Restrlcted funds Bear Cubs Fund Building project fund English friday fund DRSA projects fund Social projects fund 40,043 1.690,403 958 2,771 768 11071 7,195 11311 39,936 1,697,598 827 2.771 14,1001 3.332 1,734,943 2,857 3,332 1,741,132 TOTAL FUNDS 1,785,540 87,703 1,873,243 34 THE DEPTFORD RA-_GEI TRUST ANNUAL REPORT ANO JNAUDITEO FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025
The Deptford Ragged Trust Notes to the Flnanclal Statements- contlnued for the Year Ended 31 March 2025 14. MOVEMENT IN FUNDS- contlnued Net movement in funds. included in the above are a5 follows.. Incorning resources Resources expended Movement in funds Unrestricted funds General fund 187,207 1102,3611 84,846 Restricted funds Bear Cubs Fund Building project fund English friday fund Social projects fund 45,758 111,781 4,439 145,8651 1104,5861 14,5701 14,1001 11071 7,195 11311 14,1001 161,978 1159,1211 2,857 TOTAL FUNDS 349,185 1261,4821 87,703 Comparatives for movement In funds Net movement in funds At 31.3.24 At 1.4.23 Unrestrlcted funds General fund 43,570 7,027 50,597 Restricted funds Bear Cubs Fund Building project fund English friday fund DRSA projects fund Social projects fund 39.052 1.308.472 1,196 3,188 4,743 991 381,931 12381 14171 13,9751 40.043 1,690.403 958 2,771 768 1,356,651 378,292 1,734,943 TOTAL FUNDS 1,400,221 385,319 1,785,540 THE DEPTFORD RAGGED TRUST ANNUAL REP=RT AND UNAUOITED FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025 35
The Deptford Ragged Trust Notes to the Flnanclal Statements- contlnued for the Year Ended 31 March 2025 14. MOVEMENT IN FUNDS- contlnued Compar3tive net movement in funds. included in the above are a5 follows.. Incorning resources Resources expended Movement in funds Unrestricted funds General fund 180,832 1173,8051 7,027 Restricted funds Bear Cubs Fund Building project fund English friday fund DRSA projects fund Social projects fund 45,578 401,736 4,373 144,5871 119,8051 14,6111 14171 14,2001 991 381,931 12381 14171 13,9751 225 451,912 173,6201 378,292 TOTAL FUNDS 632,744 1247,4251 385,319 15. RELATED PARTY DISCLOSURES Expenses are on occasion reimbursed to the Trustees and key management personnel in the instance that such expenses are incurred wholly on the Church's behalf. Reimbursement of expenses to Trustees and Key Management Personnel amounted to £ £33,65912024.. £42.3671. The Trustees, key management personnel and their families also contribute to the Church's income through donatitsns. These are unrestricted in nature and are considered confidential by the Church. The cumulative contributions by trustees. key management personnel, their family and other related parties to the Church's general fund in the year amounted to £45,184.12024.. £47,410). The Church also pays a housing allowance in respect of the housing of the Church Leader as she is required to be living within the pastoral catchment area of the Beal Church. The amount5 are payable monthly and are set out within the Pastoral Pay Policy. which are agreed by the Trustees. The Church has paid rent of £1,700 per month 1£20,400 per annuml 12024.. £20,400) for Church Leader's accommodation (see Note 13 above). However, the Church Leader contributed £600 per month for 12 months1£7,200 per annuml12024..£8,310 per annuml to the Church in respect of the rent. 36 THE DEPTFORD RA-_GEI TRUST ANNUAL REPORT ANO JNAUDITEO FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025
THE DEPTFORD RAGGED TRUST ANNUAL REP=RT AND UNAUOITED FINANCIAL STATEklENTS FOR YEAR ENDED 31 MARCH 2025 37
THE CHARITABLE TRUST OF THE 3EAR CHURCH The Deptford Ragged Trust The Shaftesbury Christian Centre, Frankham Street, London. SE8 4RN Charity No. 1177319