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2024-03-31-accounts

CHARITY REGISTRATION NUMBER: 285972

THANET COUNTRYSIDE TRUST FUND

UNAUDITED FINANCIAL STATEMENTS 31 MARCH 2024

STEPSTONE ACCOUNTANTS

Chartered Accountants 240 Reculver Road Herne Bay Kent CT6 6QR

THANET COUNTRYSIDE TRUST FUND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

CONTENTS PAGE
Trustees' Annual Report 1 – 3
Independent Examiner's Report to the Trustees 4
Statement of Financial Activities 5
Statement of Financial Position 6
Notes to the Financial Statements 7 - 15
The following pages do not form part of the Financial Statements
Detailed Statement of Financial Activities 17
Notes to the Detailed Statement of Financial Activities 18

THANET COUNTRYSIDE TRUST FUND

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Trustees present their report and the unaudited financial statements of the Charity for the year ended 31 March 2024.

Reference and Administrative Details

Registered Charity Name Thanet Countryside Trust Fund Charity Registration Number 285972 Principal Office Monkton Nature Reserve Canterbury Road Monkton Nr Ramsgate CT12 4LH Kent The Trustees during the period were: Mr Andrew Ogden (Appointed 11 October 2023) Mr Trevor Suffield (Appointed 11 October 2023) Mr Peter Sexton (Appointed 11 October 2023) Mr Trevor Shonk Mr John Way Mr David Mairs Mr Les Shonk Mr Geoff Orton (deceased 05.12.2023)

Independent Examiner N Loone ACA 240 Reculver Road Herne Bay Kent CT6 6QR

Structure, Governance and Management

The organisation was set up in 1973 and registered as a Charity on 14th January 1982.

The Charity is managed by the Trustees under the terms of the governing trust deed dated 14th October 1982 and since amended by a resolution dated 24th August 2011.

Objectives and Activities

- 1 -

THANET COUNTRYSIDE TRUST FUND

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024

Achievements and Performance

The trustees are delighted to report on remarkable year; visitor numbers for the calendar year to 31st December 2023 reached 9,679 and we are poised to pass 10,000 in 2024 for the first time in the trust’s history. Our progress continues to be volunteer-led, and the trustees thank all those who have given time and effort during the year.

Activities in 2023-24

Continuing our strategy of slowly rebuilding our services, we have been open to all on Tuesdays, Thursdays and at weekends but added Friday opening during school holidays and half-term breaks. With additional organised group bookings from schools and other organisations on Mondays and Wednesdays, we have facilitated 7-day opening on occasions. Aside from the superb volunteer effort, key to our revived fortunes has been the employment of a dedicated Education Officer; their success in a seasonal position led to a contract extension and, subsequently, a new contract with support from a further grant awards supplementing revenue from school visits, group trips and other events and activities. Valuable support continued to come from ‘working’ trustees and the management of operations was overseen by a part-time Centre Manager, a Reserve Warden and 2 General Assistants. With a growing cohort of volunteers, a parttime Volunteer Co-ordinator was employed in January 2024 to organise and allocate all tasks.

We have maintained strong links with local corporate partners (Cummins Power Systems, RiverOak Strategic Partners, Pfizers, Thanet Earth) and forged new relationships with other local businesses (e.g. Vattenfall) and organisations (e.g. Rotary and Inner Wheel).

Visitor numbers and education – 9,697 visitors came to the reserve in 2023 (calendar year), a figure that includes over 1,500 school children on 64 organised educational trips. These children were aged 5-18 years and came from 17 schools (including 8 Special Educational Needs schools), 14 of them located in Thanet. We have continued relationships with many local groups e.g. RSPB, Women’s Institutes, Horticultural Societies, University of the Third Age, uniformed associations (e.g. Guides and Scouts) and participated in the national Heritage Open Day events in September 2023. The recovery in membership levels continues; from a low of c.200 adults during 2021, numbers topped 1,000 in the financial year.

Outreach – a further 228 people were engaged through outreach activities; the work was supported by GlobalGiving in partnership with Cummins Power Systems.

Family activities – over 1200 children and families attended holiday/half-term sessions, ranging from guided walks and bug hunts to outdoor cooking workshops.

Volunteers – up to 59 volunteers helped each month, contributing over 11,000 hours of their time across the calendar year. These figures include Duke of Edinburgh Award students and corporate volunteer days from Cummins Community Involvement Team, Kent Stour Countryside Partnership and Broadstairs College. Conservation work continued throughout the period, adhering to the 2021-26 Management Plan for the reserve.

Financial review

A healthy combination of revenue sources has enabled the trust to work towards financial stability in challenging circumstances; the ‘cost of living crisis’ has been managed through careful cost-cutting where possible and increased profitability per visitor. Membership subscriptions and entrance fees were held at previous levels and all retail operations continue to run at ‘pocket money’ prices in recognition of the difficulties experienced in the local area.

- 2 -

THANET COUNTRYSIDE TRUST FUND

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024

Any surplus brought forward from the previous financial year was used on agreed charitable expenditure and specific projects and new grant applications were focused on core costs, including salary support. It is the intention to grow income from all operations to the point where financial stability is achieved and all overhead can be covered without grant support.

In real terms, our operating income from activities at the reserve grew from £49k in 2022-23 to over £62k this financial year and the balance of overall income comprised £130k from the donors and further competitive grant applications for core costs and/or specific projects (including the completion of the Environmental Education Centre). Our sources of operating income were from second-hand book sales (all donated), membership subscriptions, entrance fees (including school groups and organised visits) and café/gift shop sales. All areas of retail activity showed impressive growth and is testament to the commitment and hard work of volunteers and staff. Particular thanks are offered to our Treasurer, Sharon Wilkins, for her work on the accounts and, Nicole Loone, our Independent Examiner.

Donors and supporters – we are indebted to all donors and grant-makers that supported us in the financial year. In addition to monies raised from local communities, members and visitors via our collection boxes, we received grant awards, funding and donations from the following: -

*Denotes grants towards the Environmental Education Centre Project; £102,730 raised for capital elements of the project, with a further £30,000 for education resources, salary and overhead.

Expenditure was carefully managed; in accordance with our charitable objects, the Trustees continued to use the legacy monies from 2022 for a range of much-needed repairs and renewals, together with infrastructure additions and improvements, that have enhanced the visitor experience. Funding for some conservation work has been awarded through the Countryside Stewardship Scheme, with some hedge-laying completed in January 2024 and further works anticipated for the winter of 2024-25. A notable addition during the financial year was the installation of solar panels as a source of renewable energy; this was made possible through the extension of the grant from Veolia (Landfill Community Fund) to cover this work.

Eligible components of capital expenditure totalling £98,884 on the Environmental Education Centre and other infrastructure were capitalised to the balance sheet.

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THANET COUNTRYSIDE TRUST FUND

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Trustees thank Mrs Sharon Wilkins, Treasurer, for all her work on the accounts.

Plans for Future Periods

The major ambition for 2023-24 to create an Environmental Education Centre has been realised on the site of the now defunct Thanet Observatory. Work commenced in November 2023 and the structure was completed in March 2024; with minor ‘finishing touches’ to be applied, it is anticipated that the facility will be available for use from May 2024. Although the primary use of the facility is for our educational programmes, it is anticipated that a wide range of events and sessions.

Strengthening our organisational capacity and creating opportunities for new staff members will become a pressing concern in 2024 to cope with the increasing activity at the reserve.

We have continued to work on completing all projects for which unrestricted funds are held. We continue to seek new funding and alternative income sources to carry on our recovery in 2023-24, with a focus on educational work and encouraging access to the reserve. The Thanet district remains amongst the most deprived communities nationally and we are committed to providing educational opportunities for local children. The authority is on the cusp of the lowest decile nationally on measures of deprivation, with Kent’s highest figures for children eligible for free school meals and high levels of adult unemployment.

We remain committed to providing access for all to the nature reserve and, as part of future consideration, we will address methods of facilitating wheelchair access into the reserve. Any required alterations will take into account issues of disturbance of nature and encroachment onto key habitats.

We will continue to grow our main sources of retail income and will focus on increasing our school and group visits as these represent vital revenue streams going forward. We will endeavour to develop new income-generating activities, while at the same time being mindful of our expenditure in doing so. We are committed that any future surplus income will be reinvested into the work of the Trust and the upkeep of Monkton Nature Reserve, to maintain its viability for present and future generations. Our financial position remains strong.

In addition to the conservation value of Monkton Nature Reserve, we continue to focus on the health and welfare benefits of visits to the reserve, particularly for vulnerable people and those with mental health problems. We recognise that close association with nature is essential for well-being; and that these benefits are gained not only by our visitors but also by our numerous volunteers. The reserve is, and will continue to be, our major asset.

While our successful operation continues to rely on attracting visitors and creating income potential, our chief objective remains the husbandry of the reserve for the enjoyment of local communities. We are therefore cognisant not to damage or detract from the appeal of the reserve as a wildlife haven and are rigorous in protecting the site. Development will continue to be restricted to a limited area surrounding the Field Study Centre, which is more than adequate for current and predicted needs, enabling the habitats to grow and evolve naturally, in combination with necessary management of sensitive habitats and species. An issue of increasing concern will be the long-term effects of climate change and how this might affect our flora and fauna on the reserve; as part of our Management Plans for the reserve, careful husbandry of vegetation will become ever more critical, and the trust is aware that increased expenses through additional maintenance could result. Our current MP runs to the end of 2025 and our Reserve Warden is working on scenarios for longer periods than the current 5-year term.

In summary, we will continue to use any reserves judiciously in the uncertain circumstances, especially in the ongoing impact of the ‘cost of living crisis’. The trustees continue to meet quarterly for general business and to assess our position. We still aim to achieve self-reliance to cover essential overheads and look forward to finding partners for further project development, especially in our educational offering.

- 4 -

THANET COUNTRYSIDE TRUST FufiD TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 3] MARCH 2024 IlldependeDt Examiner Ms. Nicole Loone (Stepstone Accountants) Independent Exatniner was engaged as our Independent Examiner for the year. The Trustees, annual retX)rtW&8 approved on 16 January 2025 and ssgned on behalfofthe board of TTr￿tee$ by: Mr Trevor Shonk, Trukee -4a-

THANET COUNTRYSIDE TRUST FUND

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Note
Income and Endowments
Donations and legacies
4
Other trading activities
5
Investment income
6
Total Income
Expenditure
Expenditure on charitable activities
7,8
Total Expenditure
Net Income/(Expenditure) and Net
Movement in Funds
Reconciliation of Funds
Total funds brought forward
Total Funds Carried Forward		 2024
2023
Unrestricted
Restricted
Funds
FundsTotal FundsTotal Funds

£
£
£
£

80,748
100,735
181,483
178,753

9,908
--
9,908
6,275

662
993
1,655
531
91,318
101,728
193,046
185,559

127,177
17,389
144,566
127,661
127,177
17,389
144,566
127,661
(35,859)
84,339
48,480
57,898
160,064
159,636
319,700
261,802
124,205
243,975
368,180
319,700

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 7 to 14 form part of these financial statements. - 5 -

THANET COUNfRYSIDE TRUST FUND STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024 2024 2023 Note FIXED ASSE]5 Tangible fixed assets 247,lQ9 150,260 CURRENT ASSETS Debtors Cash at bank and in haThl 14 856 129514 1,341 169,00 130J70 113,027 CREDITOILS: amounts falling duewithin one year 15 9J02 901 NET CURRENT ASSETS 121,068 169,440 TOTAL ASSETS LESS CURRENT LIABILITIES 36&1811 319, 700 NET ASSETS 368,180 319, 700 FUNDS OF THE CHAiurY Restricted fijnds Unrestrirted funds 124305 243,975 100,604 J59,636 TOTAL CHARITY FUNDS 17 36S180 319, 700 These financial statements were approved by the Board of Trustees and authorisoj for issue on 161h January 2025, and are $i￿ed on behalf of the board by.. Mr Trev Trustee The Dotes on psges 7 to 14 form part of these fin8Dcial Statements.

THANET COUNTRYSIDE TRUST FUND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. GENERAL INFORMATION

The Charity is a public benefit entity and a registered Charity in England and Wales and is unincorporated. The address of the principal office is Monkton Nature Reserve, Canterbury Road, Monkton, Nr Ramsgate, Kent, CT12 4LH.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. ACCOUNTING POLICIES

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going Concern

There are no material uncertainties about the Charity's ability to continue.

Judgements and Key Sources of Estimation Uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund Accounting

Unrestricted funds are available for use at the discretion of the Trustees to further any of the Charity's purposes.

Designated funds are unrestricted funds earmarked by the Trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.

- 7 -

THANET COUNTRYSIDE TRUST FUND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES (continued)

Incoming Resources

All income is included in the statement of financial activities when entitlement has passed to the Charity, it is probable that the economic benefits associated with the transaction will flow to the Charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

Resources Expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible Assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings

- 8 -

THANET COUNTRYSIDE TRUST FUND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES (continued)

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the Charity are assigned to those units.

Government Grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the Charity will comply with the conditions attaching to them and the grants will be received.

Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Financial Instruments

A financial asset or a financial liability is recognised only when the Charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

- 9 -

THANET COUNTRYSIDE TRUST FUND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES (continued)

Financial Instruments (continued)

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
DONATIONS
Donations
GRANTS
Grants receivable
SUBSCRIPTIONS
Membership Fees
OTHER DONATIONS AND LEGACIES
Entrance fees
Books
Talks and visits
Café Sales & other income		 Unrestricted
RestrictedTotal Funds
Funds
Funds
2024
£
£
£
9,761
–
9,761
18,000
100,735
118,735
10,190
–
10,190
11,758
–
11,758
13,125
–
13,125
5,563
–
5,563
12,351
–
12,351
80,748
100,735
181,483

- 10 -

THANET COUNTRYSIDE TRUST FUND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

4.
DONATIONS AND LEGACIES(continued)
DONATIONS
Donations
GRANTS
Grants receivable
SUBSCRIPTIONS
Membership Fees
OTHER DONATIONS AND LEGACIES
Entrance fees
Books
Talks and visits
Café sales & other Income
5.
OTHER TRADING ACTIVITIES
Unrestricted
Funds
£
Fundraising
220
Items sold, shop items/plants
9,688
9,908
6.
INVESTMENT INCOME
Bank interest receivable
Bank interest receivable		 4.
DONATIONS AND LEGACIES(continued)
DONATIONS
Donations
GRANTS
Grants receivable
SUBSCRIPTIONS
Membership Fees
OTHER DONATIONS AND LEGACIES
Entrance fees
Books
Talks and visits
Café sales & other Income
5.
OTHER TRADING ACTIVITIES
Unrestricted
Funds
£
Fundraising
220
Items sold, shop items/plants
9,688
9,908
6.
INVESTMENT INCOME
Bank interest receivable
Bank interest receivable		 Unrestricted
Restricted Total Funds
Funds
Funds
2023
£
£
£
105,139
–
105,139
–
34,745
34,745
8,203
–
8,203
8,807
–
8,807
9,779
–
9,779
5,946
–
5,946
6,134
–
6,134
144,008
34,745
178,753
Total FundsUnrestricted Total Funds

2024
Funds
2023
£
£
£

220
206
206

9,688
6,069
6,069
9,908
9,908
6,275
6,275
Unrestricted
RestrictedTotal Funds
Funds
Funds
2024
£
£
£
662
993
1,655
Unrestricted
Restricted Total Funds
Funds
Funds
2023
£
206
£
325
£
531

- 11 -

THANET COUNTRYSIDE TRUST FUND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

7. EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE

Nature Reserve
Nature Reserve		 Unrestricted
Restricted
Total Funds
Funds
Funds
2024
£
£
£
127,177
17,389
144,566
Unrestricted
Restricted
Total Funds
Funds
Funds
2023
£
£
£
92,021
35,640
127,661

8. EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE

Activities
Undertaken Total Funds Total Fund
Directly 2024 2023
£ £ £
Nature Reserve 144,566
144,566		 127,661
9. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2024 2023
£ £
Depreciation of tangible fixed assets 2,035 –
**10. ** INDEPENDENT EXAMINATION FEES
2024 2023
£ £
Fees payable to the Independent Examiner for:
Independent examination of the financial statements 750 750
**11. ** STAFF COSTS
The total staff costs and employee benefits for the reporting period are analyzed as follows:
2024 2023
£ £
Wages and salaries 32,821 27,201
Social security costs -- (864)
Pension costs
 400 39
33,221 26,376

- 12 -

THANET COUNTRYSIDE TRUST FUND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

11. STAFF COSTS (Continued)

The average head count of employees during the year was 3 (2023: 3). No employee received employee benefits of more than £60,000 during the year (2023: Nil).

12. TRUSTEE REMUNERATION AND EXPENSES

No remuneration or other benefits from employment with the Charity or a related entity were received by the Trustees.

13. TANGIBLE FIXED ASSETS

13. TANGIBLE FIXED ASSETS
Cost
At 1 April 2023
Additions
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2023
Carrying amount
At 31 March 2024
At 31 March 2023
14. DEBTORS
Trade Debtors
15. CREDITORS: amounts falling due within one year
Trade Creditors
Accruals		 Land and
Buildings
Fixtures and
Fittings
Total
£
£
£
150,260
37,875
188,135
–
98,884
98,884
150,260 136,759
287,019
–
–		 37,875
35,783
2,035
2,035
– 39,910
39,910
150,260 96,849
247,109
150,260 –
150,260
2024
2023
£
£
856
1,341
856
1,341
2024
2023
£
£
8,102
151
1,200
750
9,302
_901 _

16. GOVERNMENT GRANTS

No Government grants were received in the period (2023 nil)

- 13 -

THANET COUNTRYSIDE TRUST FUND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

17. ANALYSIS OF CHARITABLE FUNDS

Unrestricted Funds

Unrestricted Funds
General Fund
General Fund
Restricted Funds
Building Fund
Wages Fund
Building Fund
Wages Fund		 At
At
31 March
1 April 2023
Income Expenditure
2024
£
£
£
£
160,064
91,318
(127,177)
124,205
At
At 31 March
1 April 2022
Income Expenditure
2023
£
£
£
£
101,596
150,489
(92,021)
160,064
At
At
31 March
1 April 2023
Income Expenditure
2024
£
£
£
£
145,021
90,275
(6,907)
228,389
14,615
11,453
(10,482)
15,586
159,636
101,728
(17,389))
243,975
At
At 31 March
1 April 2022
Income Expenditure
2023
£
£
£
£
145,069
24,920
(24,968)
145,021
15,137
10,150
(10,672)
14,615
160,206
35,070
(35,640)
159,636

18. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Tangible fixed assets
Current assets
Creditors less than 1 year
Net Assets
Tangible fixed assets
Current assets
Creditors less than 1 year
Net Assets		 Unrestricted
RestrictedTotal Funds
Funds
Funds
2024
£
£
£
-
247,109
247,109
127,055
3,318
130,373
(2,850)
(6,452)
(9,302)
124,205
243,975
368,180
Unrestricted
Restricted
Total Funds
Funds
Funds
2023
£
£
£
–
150,260
150,260
160,965
9,376
170,341
(901)
–
(901)
160,064
159,636
319,700

- 14 -

THANET COUNTRYSIDE TRUST FUND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

19. ANALYSIS OF UNSPENT GRANTS
RESTRICTED GRANTS
Coyler-Fergusson
Postcode Society Trust
Global Giving (Cummins Power)
Kent Community Foundation
Nineveh Charitable Trust
Cummins Observatory Project
Others
TOTAL
UNRESTRICTED GRANTS
The City Charity – AWF
Swire Charitable Trust
Garfield Weston
TOTAL		 2024
£
2023
£
3,742
3,746
-
7,445
-
1,207
3,476
11,561
-
3,001
2,735
240
3,911
10,193
---------
30,871
---------
-
30,000
7,501
-
8,000
-
15,501
---------
30,000
---------

- 15 -

THANET COUNTRYSIDE TRUST FUND

MANAGEMENT INFORMATION FOR THE YEAR ENDED 31 MARCH 2024

The following pages do not form part of the Financial Statements.

- 16 -

THANET COUNTRYSIDE TRUST FUND

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

INCOME
Income and Endowments
Donations and Legacies
Donations
Grants receivable
Membership Fees
Entrance fees
Books
Talks and visits
Sundry income
Other Trading Activities
Fundraising
Items sold, shop items/plants
Investment Income
Bank interest receivable
TOTAL INCOME		 2024
£
2023
£
9,761
105,139
118,735
34,745
10,190
8,203
11,758
8,807
13,125
9,779
5,563
5,946
12,351
6,134
181,483
178,753
220
206
9,688
6,069
9,908
6,275
1,655
531
193,046
185,559

- 17 -

THANET COUNTRYSIDE TRUST FUND

NOTES TO THE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

EXPENDITURE
Nature Reserve
Activities Undertaken Directly
Wages and salaries
PAYE
Rates and water
Pensions
Light and heat
Repairs and maintenance
Insurance
Reserve equipment
Legal and professional fees
Telephone and postage
Other office costs
Depreciation
Other interest payable and similar charges
Reserve bird food and Habitat support
Advertising and website
Travel
IT Support & Equipment
Fundraising expenses
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)		 2024
£
2023
£
32,821
27,201
--
(864)
361
803
400
39
6,359
3,088
45,249
44,326
1,943
1,590
18,458
16,977
966
1,333
931
833
17,124
16,803
2,035
-
470
332
1,874
1,716
1,224
4,584
2,708
1,112
4,720
1,358
6,923
6,430
144,566
127,661
48,480
57,898

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