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2023-03-31-accounts

REGISTERED CHARITY NUMBER: 297569

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

THURROCK CHRISTIAN FELLOWSHIP TRUST

Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF

THURROCK CHRISTIAN FELLOWSHIP TRUST

CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 March 2023

Page
Report of the Trustees 1 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Cash Flow Statement 11
Notes to the Cash Flow Statement 12
Notes to the Financial Statements 13 to 24
Detailed Statement of Financial Activities 25 to 26

THURROCK CHRISTIAN FELLOWSHIP TRUST

REPORT OF THE TRUSTEES for the year ended 31 March 2023

The trustees present their report with the financial statements of the charity for the year ended 31 March 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

Thurrock Christian Fellowship is a Christian Church that meets for:

Over the year the Trust had involved itself in the following projects and activities in the pursuance of these main aims and objectives for the public benefit.

ACHIEVEMENT AND PERFORMANCE Charitable activities

TCF - A Christian Church

Thurrock Christian Fellowship is a small but vibrant, growing, local church in the borough of Thurrock, South Essex. We believe that God has called Thurrock Christian Fellowship (TCF) to help transform Thurrock, Essex and, ultimately the wider UK, with the message and person of Jesus Christ. Our aim is to serve God in creating a growing community of people who know and love Jesus Christ and whose lives encourage others to experience His message of hope and salvation.

We are particularly passionate about:

Our own Community Groups meet throughout the week at various locations across Thurrock and they are at the core of our life in TCF. Community Groups provide a place of belonging within the wider vision and help to anchor a sense of identity and purpose as well as encouraging accountability and service. It is here, that we also encourage our vision for mission starting in our everyday lives and reaching out through activities such as local forums, camping holidays, street evangelism or supporting Christian projects in the Balkans.

Once a month we suspend Community Group meetings and gather together for a 'Seeking God' meeting, where we worship, listen to the Holy Spirit speaking to us and pray about key issues relating to the church.

Page 1

THURROCK CHRISTIAN FELLOWSHIP TRUST

REPORT OF THE TRUSTEES for the year ended 31 March 2023

ACHIEVEMENT AND PERFORMANCE

TCF Ministry Staff

Thurrock Christian Fellowship has a team of four leaders:

John Freeman, Glenda Freeman, Gillian Cranefield and Andy Acreman. They take the main responsibility for directing and leading the church and meet formally at least once a month, sometimes with others. TCF has good relationships with other churches both local and further afield, and the input from their leaders and other key people has proved invaluable over the past year.

The TCF Administration consists of John Freeman and two other part time staff. Between them they are employed to provide administrative support to the whole of the TCF Church as well as to several main ministries including the TCF Preschool, Thurrock Foodbank, and the CAP (Thurrock) Debt Centre.

TCF Mission Budget

The Mission Budget is set at 10% of TCF's income for the previous year, therefore the amount allocated has decreased the last few years in line with the declining total income. We have supported the following:

Kosova - Our ministry in Kosova is focused into supporting Victory Church in the town of Gjakova, their leaders (Faton & Kajmelina Berisha) and the ministries they are involved in.

Albania - Here we support church leaders and missionary worker under the direction of Tomor & Miranda Ajeti from the Victory Church in Tirana.

School of Ministries - an international Christian organisation that trains church leaders across the world.

Treasure Children Forever Pre School - Corringham

Our Pre School caters for children aged 2 years to 5 years. It presently employs 21 regular staff, with 7 staff members providing cover for one-to-one support for 8 children with additional needs. The Pre School has grown in reputation for working with children with Special Education needs and is now working with children that have moderate to severe education and health needs. The Pre School continues to be fully subscribed. It has a very good reputation in the area with many recommendations from parents to family and friends.

The Pre School was last inspected by Ofsted on the 12th of May 2022 and received an overall 'Outstanding' for the third successive time. Below is a quoted from this latest inspection report.

"What does the early years setting do well and what does it need to do better?

The inspirational provider and dedicated staff team have a clear vision for what they want children to achieve. The extensive range of activities they provide is carefully tailored to children's precise needs, interests and what they need to learn next. The curriculum is ambitious and consistently embedded across the pre-school. As a result, all children, including those with special educational needs and/or disabilities (SEND), make very rapid progress. Staff place the utmost priority on developing children's communication and language skills. Young children take great pleasure from sharing stories with staff. They answer skilfully crafted questions very well, gaining information from carefully studying pictures. Pre-school children have many opportunities to speak in group situations, which they do with high levels of confidence. They are learning how to debate and come to a group decision, which supports their understanding of democracy.

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THURROCK CHRISTIAN FELLOWSHIP TRUST

REPORT OF THE TRUSTEES for the year ended 31 March 2023

ACHIEVEMENT AND PERFORMANCE

Children with SEND are superbly supported to learn and develop. The special educational needs coordinator, parents and children's key person work in true partnership. They think carefully about how they can precisely meet each child's needs, both in the pre-school and at home. Children's individual education plans are expertly implemented into daily practice. Every small achievement children make is praised, shared and celebrated by all.

Partnerships with parents are exceptionally strong. Parents have the utmost praise for the pre-school and staff. They state they are very well informed about their children's progress and next steps in learning. Staff listen to parents, value their input and see them as partners. Many parents report how the provider and staff have worked with them to get the best possible support for children from external professionals. Parents say their children are exceptionally well prepared for moving on to school.

Children have many opportunities to learn how to develop healthy lifestyles. They carefully follow instructions on a displayed chart as they wash their hands. Children are meticulous with every step and talk about getting rid of germs. A local dentist visiting the pre-school is met by eager, excited children. They learn first-hand why they need to eat healthily and clean their teeth regularly. Children enjoy dressing up in personal protective equipment. Staff talk about how visits, such as this, break down barriers for children, as they have more understanding of what to expect when they visit the dentist.

Staff turnover is incredibly low. Despite this, the provider has robust recruitment and selection procedures in place. She identifies staff who are suitable and share her vision for high-quality care and education. Staff benefit from regular, constructive feedback about their practice and receive encouragement and coaching that further inspires them. Staff say that they feel highly valued and supported in their role by the provider and other colleagues."

The Pre School continues to remain in a healthy financial position and has a secure future. Although 2022/23 did see a reduction in numbers due to a knock-on effect from Covid. This did create a reduction in income. Which is thought to be a short term problem.

Staff training continues. In July 2022 the whole staff team undertook Paediatric first aid training and during the year various courses, including safeguarding, thereby ensuring we stay compliant with Ofsted requirements. This has been a mixture of online Supplied by Noodle now and face to face training.

Thurrock CAP Centre

Christians Against Poverty (CAP) is a national debt counselling charity working through a network of centres based in local churches across the UK. CAP offers expert financial advice and a route out of debt, in addition to its message of Christian hope through the gospel of Jesus Christ. Its services are free and are open to clients of all faiths or none.

Recent Developments.

TCF has an ongoing partnership with Christians Against Poverty ('CAP') nationally and has funded and hosted the CAP Thurrock Debt Centre for about eight years. At the end of the March 2021 financial year, our existing volunteer Debt Centre Manager tendered his resignation after working for seven years - as described in last year's Annual Report.

The post of Debt Centre Manager / Debt Coach has since been advertised on two occasions to date. There have been no suitable applications as yet. Given that a Debt Centre cannot function without a qualified Debt Coach, CAP nationally reluctantly took the decision, w.e.f. 31st May 2022, to impose a Temporary Closure on the Thurrock Debt Centre until a new Debt Centre Manager should be appointed. Given that no new appointee has yet come forward, the Thurrock Debt Centre was therefore closed permanently on 31st December 2022. Should a suitable Debt Centre Manager be appointed in the future, it would be a simple matter to reopen this Debt Centre.

Finances

One of the implications of the full closure of the Debt Centre is that TCF Trust does not pay CAP National any fees. We do, however, make a smaller monthly donation to support the organisation's work throughout the UK.

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THURROCK CHRISTIAN FELLOWSHIP TRUST

REPORT OF THE TRUSTEES for the year ended 31 March 2023

ACHIEVEMENT AND PERFORMANCE

Thurrock FoodBank

Each year when we reflect on the past 12 months it is always quite astonishing what we have been able to achieve with our resources. We continue to be blessed with a good base of volunteers. We simply couldn't exist without their dedication and service. We were so pleased to be able to thank them at an Afternoon Tea held at the Stifford Hotel. Sadly two of our longstanding volunteers responsible for coordinating our schools work and our business relations, Bernadette Terry & Sandra Sawle, stepped down from their positions. We have thanked them for their service to Thurrock Foodbank and wish them well for the future. Bernadette does still continue to volunteer at our Warehouse and at Store Collections.

Thurrock Foodbank continues to deliver a fantastic service to the people of Thurrock, providing them hope for a better future. As we are part of the Trussell Trust Pathfinder Programme we have developed and implemented new strategies to ensure people are not only getting help with food but also signposting them to ensure people get the help they need for their situation. We are continuing to explore new ways of interacting with partnering agencies to ensure the community of Thurrock know where to come for the required help.

The generosity of the public remains overwhelming, and we receive many generous donations of both food and money. Our business contacts also remain generous with some large donations from Howard Tenens, DP World and Amazon UK.

The continued good work of Foodbanks continues to be well publicised via our social media channels and has been a great platform for getting continued help and support. We have maintained our good relationships with Tesco, Sainsburys, ASDA, and Morrisons, as well as the local CO-OP's. We continue to receive weekly donations from Amazon UK, often filled with 'weird and wonderful' food items. We are also investing in our social media platforms to make our social media more informative and interactive.

The interaction with various Thurrock Council teams, Local Area Co-ordinators, and other referral agencies, remains key to our work. As such, as part of the Pathfinder strategy we have been able fund a Referral Agency Co-ordinator. This enables us to work with other agencies and to initiate a direct link for some of our clients to the Homeless Team, Mental Health Team etc.. These relationships demonstrate the difference that we are able to make to the lives of families and individuals across Thurrock who are in desperate need.

This has enabled to get more involved with individuals to ensure they are getting the right support from these agencies to help them progress out of the situation. Some recent cases that we specifically were involved in resolving were Domestic Violence and Homelessness.

We have maintained strong partnerships local schools & colleges who support us throughout the year, especially at Harvest and Christmas time. We hosted five people on a Work Experience week, as well as hosting the Proximity Church 'MADE' program, and also with the Youth Offending Unit, who are bringing along young people that need to serve the community service. We look forward to continuing developing that relationship into the ongoing years.

Statistics:

In 2022/23 we served 10,357 people 4,731 of which were children. This was an increase of 24% from the previous year. 56% of the people served we single people or single parent families. The Cost-of-Living Crisis clearly had a dramatic affect on the usage of the foodbank.

Peter Newall - Operations Manager Thurrock Foodbank

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THURROCK CHRISTIAN FELLOWSHIP TRUST

REPORT OF THE TRUSTEES for the year ended 31 March 2023

FINANCIAL REVIEW

Financial position

The Trustees, Advisors and Administrators have worked hard over this year in all areas of financial accounting and controls to ensure that the finances of TCF are used effectively in our ministry. The members of TCF have continued to give generously and, as always, God has been gracious to us all. In addition to the church's income from tithes, offerings and hall rental, fundraising is received through offerings, including a monthly 'Special Offering', which is an opportunity for members to contribute directly to a Foodbank collection, as well as the Thurrock CAP Debt Centre and the Poor & Needy Fund. In this context, including Preschool fees, we are thankful for total 'Incoming Resources' of £728,330 Against this our total 'Outgoing Resources' amounted to £718,575, leaving us at a surplus over the year of £9,755.

At the end of the year, there was a total of £438,618 in the TCF bank accounts.

Reserves policy

The Trustees have reviewed the Reserves Policy and consider it prudent to keep sufficient reserves to cover any unforeseen circumstances such as redundancy etc. These reserves are not invested in tangible assets but are kept restricted in line with the TCF Business Policy. The ongoing aim is to have sufficient funds to cover the total staff wages for a period of 3 months, and we are working towards this target incrementally. Currently, there is a sum of £62,600 that has been set aside.

SPACIOUS PLACE VISION

The TCF Leadership and Trustees have an ongoing vision to establish multi-functional support and outreach 'hub', named 'The Spacious Place'. This vision includes our existing church, our preschool, Foodbank, CAP Centre and other 'ministries', but is not limited to these in the future. It is based upon the goodness of heaven coming to earth, and specifically to this part of Thurrock, for the benefit of all the local residents, whether they are part of TCF or not. The integration and symbiosis of all the above ministries is a first step in this vision being fulfilled. Our principal resources for this vision rest upon God and people, but there will also be a significant need for buildings and financial resources to make this vision possible.

This year, on 1st February 2023, we were able to open our 'Spacious Place Community Café' to the public, having appointed a full-time Café Manager, Mr Phil Grove. This is his report covering the initial two-month period from its opening to 31st March 2023:

We have opened 3 days a week (Tuesdays, Wednesdays, and Thursdays) since 1st Feb 23

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Page 5

THURROCK CHRISTIAN FELLOWSHIP TRUST

REPORT OF THE TRUSTEES for the year ended 31 March 2023

The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. During the 2022/23 financial year, we investigated the benefits of C.I.O. incorporation and a complete revision of the Governing Document / Trust Deed. Having taken advice, we concluded that the best course of action would be to establish a 'Corporate Trustee' (company) to direct the strategy and operations of TCF Trust, with the charity itself being unchanged, except for a wholesale revision of its Governing Document. The current trustees will eventually become 'Directors' of the Corporate Trustee.

At 31st March 2023, the Board of Trustees is a team of seven people; this includes Trustees, any appointed Advisors and Executives, and other board members representing the Church Leadership Team. The board meets a minimum four times per annum.

Trustees Andrew Acreman - Chairman Ricky Cranefield - Secretary Claire Ruff Steve Chapman - Treasurer (appointed 21st March 2022) Executives John Freeman - Administrative Manager & Leadership Team Member Rachel Hicks - Senior Administrative Team Member Alison Jones - Preschool Manager & Safeguarding Officer

Recruitment and appointment of new trustees

Trustees are recruited from within the church membership. They are active, reliable members, of reasonably long standing within TCF. They are people who clearly demonstrate their understanding and commitment to the vision and values of the church, are deemed to be of good Christian character, and give financially to the work of God in accordance with Biblical beliefs. Furthermore, they are people who demonstrate a competence commensurate with the fulfilment of the responsibilities of Trustees.

New Trustees are proposed by existing Trustees, in consultation with the Church Leadership, which has a veto over the appointment of any Trustee. New Trustees are invited to attend regular Trustees' meetings for an initial minimum period of 6 months, functioning in a probationary capacity, but with full decision-making power. After this probationary period, if approved by the existing Trustees and Church Leadership, they would normally be invited by the existing Trustees to take up the permanent role of a Trustee, with written confirmation of each appointment from the Chairman. After this, there would normally follow a discussion of the specific roles and functions of each new Trustee within the Board.

Induction and training of new trustees

The formal invitation to become a Trustee 'on probation' would include a copy of the Charity Commissions publication outlining "Responsibilities of Charity Trustees", the latest of which is "The Essential Trustee: What you need to know" (July 2015). Each invitee is invited to spend a day in the Church Office, speaking to our administrative staff and reviewing past minutes and financial documents. Also, these invitees will both observe, and participate in, a number of Trustees' meetings before being formally invited to become a permanent Trustee, usually over a 6-month period. In addition, there is the opportunity for informal mentoring by an existing Trustee and an encouragement to attend external training or conference meetings as required by the Trust.

Risk management

The Trustees are constantly reviewing the major risks to which the Charity is exposed with a view to updating the systems already in place to mitigate these risks wherever possible. Regular reviews are placed on each Trustee agenda and undertaken in relation to 'Health & Safety', 'Financial Controls & Management', 'Human Resources', 'Insurance', 'Safeguarding Policy', 'Compliance' and 'Changes in Legislation / External Factors'.

TCF Safeguarding Policy

We adhere strictly to our 'Child Protection Policy', which has been updated to adhere to the changes within legislation. All new children- and youth- workers will continue to be DBS (Disclosure and Barring Service) checked. Regular training event takes place, which are both a refresher for existing youth- and children- workers, and an introduction to safeguarding for new workers. The training incorporates safeguarding vulnerable adults, particularly in relation to the work of CAP (Thurrock) and the Thurrock Foodbank, and also provides the opportunity to highlight to all volunteers any amendments or additions to the policy and remind them of best practice.

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THURROCK CHRISTIAN FELLOWSHIP TRUST

REPORT OF THE TRUSTEES

for the year ended 31 March 2023

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 297569

Principal address

2-4 Chase Road Corringham Essex SS17 7QH

Trustees

A Acreman - Chair R Cranefield G Adomako (resigned 3.10.22) C Ruff (resigned 18.5.23) S Chapman

Independent Examiner

Christopher Marsh MAAT Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF

Solicitors

Margaret Reynolds 24 London Road Grays Essex RM17 5XY

Administrative Information

The TCF administrative offices are based at the principal address above.

Telephone 01375 641867 Email tcfadmin@thurrockcf.org.uk Website www.thurrockcf.org.uk

There are a team of administrators serving the work and ministry of TCF. These people are;

Mr John Freeman - Administrative Manager - with particular responsibility for the management of the Administration Team.

Mrs Rachel Hicks - Senior Administrative Team Member - with particular responsibility for all areas of finance, payroll & Trustee support

Mrs Ceri Norton - Administrative Team Member

27/09/2023

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

A Acreman

A Acreman (Sep 27, 2023 11:59 GMT+1) ........................................................................

A Acreman - Trustee

Page 7

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THURROCK CHRISTIAN FELLOWSHIP TRUST

Independent examiner's report to the trustees of Thurrock Christian Fellowship Trust

I report to the charity trustees on my examination of the accounts of Thurrock Christian Fellowship Trust (the Trust) for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Accounting Technicians, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Christopher Marsh MAAT

Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF 28/09/2023 Date: .............................................

Page 8

THURROCK CHRISTIAN FELLOWSHIP TRUST

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2023

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Other trading activities
3
Investment income
4
Other income
Total
EXPENDITURE ON
Charitable activities
5
Church operations
NET INCOME/(EXPENDITURE)
Transfers between funds
13
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
89,248
331,947
298
3,911
425,404
538,978
(113,574)
26,407
(87,166)
1,172,461
1,085,294		 Restricted
funds
£
302,892
-
-
34
302,926
179,597
123,329
(26,407)
96,921
136,954
233,876		 31.3.23
Total
funds
£
392,140
331,947
298
3,945
728,330
718,575
9,755
-
9,755
1,309,415
1,319,170		 31.3.22
Total
funds
£
418,343
339,760
27
18,985
777,115
805,785
(28,670)
-
(28,670)
1,338,085
1,309,415

The notes form part of these financial statements

Page 9

THURROCK CHRISTIAN FELLOWSHIP TRUST

BALANCE SHEET 31 March 2023

Notes
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Debtors
11
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
13
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
875,000
639
216,506
217,145
(6,851)
210,294
1,085,294
1,085,294		 Restricted
funds
£
11,764
-
222,112
222,112
-
222,112
233,876
233,876		 31.3.23
Total
funds
£
886,764
639
438,618
439,257
(6,851)
432,406
1,319,170
1,319,170
1,085,294
233,876
1,319,170		 31.3.22
Total
funds
£
892,646
1,915
421,734
423,649
(6,880)
416,769
1,309,415
1,309,415
1,172,461
136,954
1,309,415

The financial statements were approved by the Board of Trustees and authorised for issue on 27/09/2023 ............................................. and were signed on its behalf by:

A Acreman

A Acreman (Sep 27, 2023 11:59 GMT+1) ............................................. A Acreman - Trustee

The notes form part of these financial statements

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THURROCK CHRISTIAN FELLOWSHIP TRUST

CASH FLOW STATEMENT
for the year ended 31 March 2023
Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Interest received
Net cash provided by investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 31.3.23
£
16,586
16,586
298
298
16,884
421,734
438,618		 31.3.22
£
(21,332)
(21,332)
27
27
(21,305)
443,039
421,734

The notes form part of these financial statements

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THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE CASH FLOW STATEMENT for the year ended 31 March 2023

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

OPERATING ACTIVITIES
31.3.23 31.3.22
£ £
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities) 9,755 (28,670)
Adjustments for:
Depreciation charges 5,882 5,882
Interest received (298) (27)
Decrease in debtors 1,276 411
(Decrease)/increase in creditors (29) 1,072
Net cash provided by/(used in) operations 16,586 (21,332)
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.22 Cash flow At 31.3.23
£ £ £
Net cash
Cash at bank and in hand 421,734 16,884 438,618
421,734 16,884 438,618
Total 421,734 16,884 438,618

2. ANALYSIS OF CHANGES IN NET FUNDS

The notes form part of these financial statements

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THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements and assessment of going concern

The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

The financial statements are presented in sterling (£).

Critical accounting judgements and key sources of estimation uncertainty

In preparing financial statements it is necessary to make certain judgements, estimated and assumptions that affect the amounts recognised in the financial statements. The following judgements and estimates are considered by the trustees to have most significant effect on amounts recognised in the financial statements.

Useful economic life of tangible fixed assets:

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 10% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

No depreciation is charged in respect of freehold land and buildings as the residual value of the property after its estimated useful life is anticipated to be at least the carrying value of the property show in the financial statements.

Taxation

The charity is exempt from tax on its charitable activities.

Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

continued...

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THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023

1. ACCOUNTING POLICIES - continued

Cash at bank and in hand

Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.

Creditors

Creditors are recognised where then charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially settled at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Fund accounting

Unrestricted 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 notes to the financial statements.

Pension costs and other post-retirement benefits

The charity 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.

2. DONATIONS AND LEGACIES

Donations and offerings
Gift aid
Grants
Donated services and facilities
Sundry income		 31.3.23
£
161,379
9,419
117,894
101,208
2,240
392,140		 31.3.22
£
121,908
9,657
124,862
160,307
1,609
418,343

During the year the Foodbank received food donations totalling £101,208 (2022: £160,307). This figure was calculated using the Trussell Trust suggested valuation of £2.37p/Kg of donated food (2022: £1.68p/Kg).

continued...

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THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2023

2. DONATIONS AND LEGACIES - continued

Grants received, included in the above, are as follows:

All Churches
Crowdfunder Ltd
Essex Community Foundation
Ford Trust
Groundwork Uk
London Gateway Port Development
Lottery Funding
Small Sparks
The Co-operative Group
The Neighbourly Foundation - B&Q
The Neighbourly Foundation - Lidl
The Neighbourly Foundation - Sainsburys
The Veolia Environmental Trust
Thurrock Community and Voluntary Services (CVS)
Thurrock Council
Trussell Trust - Foodbank
3.
OTHER TRADING ACTIVITIES
Income from Pre School
Hire of hall
Spacious place
4.
INVESTMENT INCOME
Deposit account interest		 31.3.23
£
-
7,558
-
-
500
20,000
20,985
400
2,348
5,000
500
1,500
8,318
3,400
-
47,385
117,894
31.3.23
£
311,846
18,740
1,361
331,947
31.3.23
£
298		 31.3.22
£
5,000
-
10,000
3,000
1,000
-
24,308
-
1,224
-
-
1,000
15,447
4,000
25,788
34,095
124,862
31.3.22
£
318,543
21,217
-
339,760
31.3.22
£
27

Page 15

continued...

THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.23 31.3.22
£ £
Independent examiners fee 2,950 3,346
6. SUPPORT COSTS
Governance
Finance costs Totals
£ £ £
Church operations 30 8,577 8,607

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

8. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs		 31.3.23
£
376,053
17,589
6,003
399,645		 31.3.22
£
323,659
12,013
11,701
347,373

The average monthly number of employees during the year was as follows:

31.3.23 31.3.22
All staff 21 18

No employees received emoluments in excess of £60,000.

Key management remuneration

The trustees consider the Key Management of the Charity to be that of the Core Leadership Team.

During the year gross salary of £34,018 (2022: £24,761) was made to the key management as well as Employer's NI of £3,670 (2022: £2,197) and Employer's Pension Contributions of £714 (2022: £556).

Page 16

continued...

THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023

9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
126,083
292,260
Other trading activities
339,760
-
Investment income
27
-
Other income
18,970
15
Total
484,840
292,275
EXPENDITURE ON
Charitable activities
Church operations
583,079
222,706
NET INCOME/(EXPENDITURE)
(98,239)
69,569
Transfers between funds
37,554
(37,554)
Net movement in funds
(60,685)
32,015
RECONCILIATION OF FUNDS
Total funds brought forward
1,233,146
104,939
TOTAL FUNDS CARRIED FORWARD
1,172,461
136,954
10.
TANGIBLE FIXED ASSETS
Improvements
Freehold
to
property
property
£
£
COST
At 1 April 2022 and 31 March 2023
875,000
313,155
DEPRECIATION
At 1 April 2022
-
313,155
Charge for year
-
-
At 31 March 2023
-
313,155
NET BOOK VALUE
At 31 March 2023
875,000
-
At 31 March 2022
875,000
-		 Total
funds
£
418,343
339,760
27
18,985
777,115
805,785
(28,670)
-
(28,670)
1,338,085
1,309,415
Fixtures
and
fittings
£
67,755
67,755
-
67,755
-
-

continued...

Page 17

THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023

10.
TANGIBLE FIXED ASSETS - continued
Motor
vehicles
£
COST
At 1 April 2022 and 31 March 2023
29,410
DEPRECIATION
At 1 April 2022
11,764
Charge for year
5,882
At 31 March 2023
17,646
NET BOOK VALUE
At 31 March 2023
11,764
At 31 March 2022
17,646
Freehold Property is shown at fair value.
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Tax recoverable
Other debtors
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Taxation and social security
Other creditors		 Computer
equipment
Totals
£
£
24,095
1,309,415
24,095
416,769
-
5,882
24,095
422,651
-
886,764
-
892,646
31.3.23
31.3.22
£
£
639
1,054
-
861
639
1,915
31.3.23
31.3.22
£
£
3,701
3,284
3,150
3,596
6,851
6,880

continued...

Page 18

THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2023

13. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Designated Building fund
Youth
Hall Hire
Poor & Needy
Business Reserve
Foodbank - Designated
Mission
Preschool Garden
Community Space
Foodbank - Future Development Fund
Spacious Place Cafe
Restricted funds
Foodbank
CAP
Foodbank - Food
Prechool - New Entrance
Other one off restrictions
TOTAL FUNDS
Net movement in funds, included in the above ar
Unrestricted funds
General fund
Youth
Hall Hire
Poor & Needy
Mission
Community Space
Foodbank - Future Development Fund
Spacious Place Cafe
Restricted funds
Foodbank
CAP
Poor & Needy
Foodbank - Food
Prechool - New Entrance
TOTAL FUNDS		 At 1.4.22
£
133,032
875,000
40
28,937
433
62,600
1,588
6,895
305
54,199
9,432
-
1,172,461
102,112
4,856
4,042
25,788
156
136,954
1,309,415
e as follows:		 Net
movement
in funds
£
(43,521)
-
(40)
(14,487)
(1,205)
-
-
(9,220)
-
(54,133)
(6,037)
15,069
(113,574)
110,453
297
13,930
(1,351)
-
123,329
9,755
Incoming
resources
£
357,964
-
22,249
-
-
2,201
3,112
39,878
425,404
278,299
1,970
220
22,420
17
302,926
728,330		 Transfers
between
funds
£
5,480
-
-
(9,700)
2,041
-
(1,588)
11,601
-
-
(1,438)
20,011
26,407
(26,158)
(249)
-
-
-
(26,407)
-
Resources
expended
£
(401,485)
(40)
(36,736)
(1,205)
(9,220)
(56,334)
(9,149)
(24,809)
(538,978)
(167,846)
(1,673)
(220)
(8,490)
(1,368)
(179,597)
(718,575)		 At
31.3.23
£
94,991
875,000
-
4,750
1,269
62,600
-
9,276
305
66
1,957
35,080
1,085,294
186,407
4,904
17,972
24,437
156
233,876
1,319,170
Movement
in funds
£
(43,521)
(40)
(14,487)
(1,205)
(9,220)
(54,133)
(6,037)
15,069
(113,574)
110,453
297
-
13,930
(1,351)
123,329
9,755

continued...

Page 19

THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2023

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Designated Building fund
Youth
Hall Hire
Poor & Needy
Business Reserve
Foodbank - Designated
Mission
Preschool Garden
Community Space
Foodbank - Future Development Fund
Restricted funds
Foodbank
Albania UCB
Albania Sparks
CAP
Poor & Needy
Foodbank - Food
Prechool - New Entrance
Other one off restrictions
TOTAL FUNDS		 At 1.4.21
£
141,914
875,000
39
2,853
1,693
47,500
-
3,779
2,304
62,746
95,318
1,233,146
93,473
2
260
6,756
-
4,292
-
156
104,939
1,338,085		 Net
movement
in funds
£
5,297
-
-
30,715
(40)
-
-
(5,140)
-
(12,832)
(116,239)
(98,239)
51,333
(2)
(260)
(4,872)
(2,168)
(250)
25,788
-
69,569
(28,670)		 Transfers
between
funds
£
(12,739)
-
-
(4,631)
(1,220)
15,100
150
8,256
(2,000)
4,285
30,353
37,554
(42,694)
-
-
2,972
2,168
-
-
-
(37,554)
-		 At
31.3.22
£
134,472
875,000
39
28,937
433
62,600
150
6,895
304
54,199
9,432
1,172,461
102,112
-
-
4,856
-
4,042
25,788
156
136,954
1,309,415

continued...

Page 20

THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2023

13. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Hall Hire
Poor & Needy
Mission
Community Space
Foodbank - Future Development Fund
Restricted funds
Foodbank
Albania UCB
Albania Sparks
CAP
Poor & Needy
Foodbank - Food
Prechool - New Entrance
TOTAL FUNDS		 Incoming
resources
£
368,931
42,602
-
-
58,579
14,728
484,840
261,094
-
-
2,150
635
2,608
25,788
292,275
777,115		 Resources
Movement
expended
in funds
£
£
(363,634)
5,297
(11,887)
30,715
(40)
(40)
(5,140)
(5,140)
(71,411)
(12,832)
(130,967)
(116,239)
(583,079)
(98,239)
(209,761)
51,333
(2)
(2)
(260)
(260)
(7,022)
(4,872)
(2,803)
(2,168)
(2,858)
(250)
-
25,788
(222,706)
69,569
(805,785)
(28,670)

continued...

Page 21

THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2023

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Designated Building fund
Youth
Hall Hire
Poor & Needy
Business Reserve
Foodbank - Designated
Mission
Preschool Garden
Community Space
Foodbank - Future Development Fund
Spacious Place Cafe
Restricted funds
Foodbank
Albania UCB
Albania Sparks
CAP
Poor & Needy
Foodbank - Food
Prechool - New Entrance
Other one off restrictions
TOTAL FUNDS		 At 1.4.21
£
141,914
875,000
39
2,853
1,693
47,500
-
3,779
2,304
62,746
95,318
-
1,233,146
93,473
2
260
6,756
-
4,292
-
156
104,939
1,338,085		 Net
movement
in funds
£
(38,224)
-
(40)
16,228
(1,245)
-
-
(14,360)
-
(66,965)
(122,276)
15,069
(211,813)
161,786
(2)
(260)
(4,575)
(2,168)
13,680
24,437
-
192,898
(18,915)		 Transfers
between
funds
£
(7,259)
-
-
(14,331)
821
15,100
(1,438)
19,857
(2,000)
4,285
28,915
20,011
63,961
(68,852)
-
-
2,723
2,168
-
-
-
(63,961)
-		 At
31.3.23
£
96,431
875,000
(1)
4,750
1,269
62,600
(1,438)
9,276
304
66
1,957
35,080
1,085,294
186,407
-
-
4,904
-
17,972
24,437
156
233,876
1,319,170

continued...

Page 22

THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023

13. 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:

Incoming
Resources		 Movement
resources
expended		 in funds
£ £ £
Unrestricted funds
General fund 726,895 (765,119) (38,224)
Youth - (40) (40)
Hall Hire 64,851 (48,623) 16,228
Poor & Needy - (1,245) (1,245)
Mission - (14,360) (14,360)
Community Space 60,780 (127,745) (66,965)
Foodbank - Future Development Fund 17,840 (140,116) (122,276)
Spacious Place Cafe 39,878 (24,809) 15,069
910,244 (1,122,057) (211,813)
Restricted funds
Foodbank 539,393 (377,607) 161,786
Albania UCB - (2) (2)
Albania Sparks - (260) (260)
CAP 4,120 (8,695) (4,575)
Poor & Needy 855 (3,023) (2,168)
Foodbank - Food 25,028 (11,348) 13,680
Prechool - New Entrance 25,805 (1,368) 24,437
595,201 (402,303) 192,898
TOTAL FUNDS 1,505,445 (1,524,360) (18,915)

General fund

The general fund is used for the general running of the fellowship

Business Reserve - Designated

This fund represents money set aside for any unforeseen circumstances.

Building fund - Designated

This is a designated and restricted fund for the building to account for monies that have been given for the purchasing and developing the new building and for monies set aside for that purpose.

Youth - Designated

This fund represents funds raised/donations received - Christian teaching to young people.

Hall Hire - Designated

This fund represents money received for hiring out our hall at Giffords Cross.

Pension Fund - Designated

This is income specifically restricted to be used in the setting up of a Pension scheme.

Community Space - Designated

This fund represents money raised or donated for the development of the Community Space.

Foodbank - Future Development Fund - Designated

This fund represents money raised or donated for Foodbank Future Development space.

Poor & Needy - Restricted/Designated

continued...

Page 23

THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2023

13. MOVEMENT IN FUNDS - continued

This represents donations received/funds allocated, to support the poor & needy when needed.

Foodbank - Restricted

This fund represents funds received and specific expenditure related to the operation of the Foodbank.

Youth Funding - Restricted

This fund represents grants received to help any youth causes.

Albania UCB - Restricted

This fund represents donations received to support the production of UCB Word for today in Albania.

Kosovo Projects - Restricted

This is a fund which represents donations received to support families in Kosovo.

Albania Sparks Ministry - Restricted

This is a fund which represents funds raised/donations received to help Tomor & Miranda with their work with poor and needy children in Albania.

CAP - Restricted/Designated

This is a fund which represents donations received to help support Christians Against Poverty work.

CAP - D Acreman - Restricted

This is a fund which represents donations received on behalf of D Acreman for the work he does with CAP.

Playschool Garden - Restricted

This fund represent money raised or donated for the development of the garden.

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.

Page 24