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2024-03-31-accounts

REGISTERED CHARITY NUMBER: 297569

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

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 2024

Page
Report of the Trustees 1 to 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Balance Sheet 11
Cash Flow Statement 12
Notes to the Cash Flow Statement 13
Notes to the Financial Statements 14 to 25
Detailed Statement of Financial Activities 26 to 27

THURROCK CHRISTIAN FELLOWSHIP TRUST

REPORT OF THE TRUSTEES for the year ended 31 March 2024

The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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.

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 2024

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 locally in East Thurrock and also 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, the Spacious Place Café, and in the near future, the East Thurrock Debt Centre (run in conjunction with Christians Against Poverty).

TCF Mission Budget

The Mission Budget is set at 10% of TCF's income for the previous year. 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.

Love Essex - and evangelistic outreach by the combined churches of Essex

A Church Community Café in Hertfordshire - help with the start-up costs

TCF Compassion Fund

In addition to the Mission Fund, we also set aside 3.3% of TCF's income for the previous year to donate directly to those members of the Thurrock public in critical financial need. For example, we would assist a CAP client with no gas or electric credit on their meter in the middle of winter. The CAP Debt Centre Manager and one or two other trusted TCF members have authorisation to allocate such monies.

Treasure Children Forever Pre School - Corringham

Our Pre School caters for children aged 2 years to 5 years. It presently employs 23 regular staff, with 12 staff members providing cover for one-to-one support for 10 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 May 2022 and received an overall 'Outstanding' for the third successive time. Below is a quotation 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 2024

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 firsthand 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. 2023/24 has seen an increase in numbers. This created a more stable financial balance for the year ending.

Staff training continues. In July 2022 the whole staff team undertook Paediatric first aid. This will be repeated in 2025. Training continues throughout the year. To include various courses, such as Safeguarding and Food Hygiene, thereby ensuring we stay compliant with Ofsted requirements. Training has been a mixture of online (supplied by Noodle) and face to face.

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 had funded and hosted the CAP Thurrock Debt Centre for about eight years. We reported previously that, at the end of the March 2021 financial year, our existing volunteer Debt Centre Manager tendered his resignation after working for seven successful years (mainly as a self-funded worker).

We have recently filled the post of Debt Centre Manager ('DCM') and the new appointee is currently undergoing CAP training (June 2024). The plan is to open the Debt Centre again, covering mainly the East Thurrock region of the borough, from Autumn of 2024. Funding is being sought to cover the costs of employing the DCM, his expenses, and the monthly payments to CAP Head Office for their debt administration and advice to each client. Other volunteer befrienders and visit supporters will also be needed for the smooth operation of the Debt Centre.

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THURROCK CHRISTIAN FELLOWSHIP TRUST

REPORT OF THE TRUSTEES for the year ended 31 March 2024

ACHIEVEMENT AND PERFORMANCE Thurrock FoodBank

Thurrock Foodbank has continued to develop and adapt to the demands of the local Thurrock community, operating 10 distribution Centres and 2 hubs, and 5 centres now having an overnight grab box available for those in desperate need. We have continued to meet current demand and we further develop the Foodbank Pathfinder initiative. Since implementing our Befrienders in February 24 we seen the real benefit in needing to engage more deeply with the clients, tracking their foodbank journeys, helping receive the life skills support that they need, and providing them "Hope for a Better Future". As a result of this work since February 2024 we have more 10 families maximise their income, to the point where they will no longer need to use a foodbank. This work will continue to develop as the roles continue to become more established.

This strategy has also helped us develop our use of data to provide further evidence to support wider agency working and influencing. At Thurrock Foodbank we have also strengthened our strategic priorities across our referral pathways and participation of people with a 'lived experience'. We have accomplished this over the past 12 months by: 1) Expanding our Referral Coordinator Role; 2) Holding regular meetings with our distribution centres and volunteers; and 3) Meeting with our supporters, businesses, schools and agencies to share data and to further develop our strategy to support the people of Thurrock.

It is evident that there is still a growing need in Thurrock to maximise the income of households and to help Thurrock residents strengthen their financial inclusion provision. We aim to continue to invest training our volunteers to be responsible for signposting clients. This will be done by undertaking basic benefit checks and signposting to relevant referral agencies. To advance our Changing Minds strategy we have boosted our communications to our partners, schools, businesses and referral agencies to build a shared visions for Thurrock. Thurrock Foodbank continues to be a strategic partner of the Thurrock Stronger Together collaboration that ensures organisations work together to offer a full complement of services to the people of Thurrock.

In this role Thurrock Foodbank continues to be pivotal in being the place people know where to go for help and being able to receive the help they need. Sadly like all of the country Thurrock Foodbank has itself also been affected by the Cost-of-Living Crisis, and we have seen our contribution costs for our Warehouse dramatically increase. The cost of our Van insurance has tripled as well as cost of a tank of Fuel for our van has dramatically increased, so the cost of living is also affecting our operations. Our day-to-day costs of utilities has also increased.

With that, so has demand on our services: since 1st April 2024 Thurrock Foodbank has distributed 1,378 food parcels, 635 of which included children. This is a dramatic 38% increase on the same period last year! We have also witnessed many people coming to the Foodbank for the first time!!

We have also seen our donations decline and we are now having to engage in more 'food drives' to help maintain stock levels. We are also blessed to have good relationships with local schools who regularly help with food drives/ food initiatives at various times of the year. We have reached out to the churches across Thurrock to help support these events with a limited level of success.

As a Trussell Trust Foodbank our values of dignity, compassion and justice are core of who we are and how we work. Our vision is a UK and Thurrock without the need for Foodbanks; to genuinely address the root causes of poverty, we must ensure people with lived experiences of poverty help shape our work, and we must do our part in dismantling the structural discrimination that cuts across our society and locks people into poverty. Equality, diversity and inclusion is central to our work to achieving our vision of a UK without the need for Foodbanks

Page 4

THURROCK CHRISTIAN FELLOWSHIP TRUST

REPORT OF THE TRUSTEES for the year ended 31 March 2024

ACHIEVEMENT AND PERFORMANCE

Spacious Place

The Spacious Place is an inclusive multi-functional support and outreach 'hub', for the benefit of all the residents of Thurrock, regardless of their ethic or culture background, gender, sexual orientation, special educational needs, disabilities or religion. For us it is based upon the goodness of heaven coming to earth, and specifically to this part of Thurrock. Our principal resources for this vision rest upon God and people, but there will continue to be a significant need for buildings and financial resources to make this vision possible.

Spacious Place Community Engagement Café

The Spacious Place Community Engagement Café initially opened to the public three days a week, but it is now open Monday to Friday, 9-3pm. Its full-time Café Manager, Mr Philip Grove continues in position, and a team of 23 different volunteers have delivered this service. An apprentice, Beth Burns was also appointed so that she can hone her skills, learn to thrive in full-time employment, and help deliver this community service.

Over the year we have supplied 8319 subsidized Hot or Cold Beverages to the community along with 3217 items of Food and 2100 Cakes and Biscuits (excluding complimentary biscuits with hot beverages).

We have been an official Warm Space in this locality and specifically provided this warm, safe space for 126 clients with free refreshments and hot beverages. We have provided 51 food poor clients with free drinks, food and access to emergency food supplies; encouraged 305 clients deemed socially isolated and helped 15 people who have been in crisis. We have staff and volunteers trained by the Alzheimer's Society and become a dementia friendly café.

To encourage our volunteers and staff who serve in the Food Bank, Preschool and other ministries and services on-site, we have supplied free or subsidized food and drinks to the value of £4,405 over the year. We hope this helps communicate something of how much their contribution is worth to the work that goes on here, although their true value is that without them there would be no work here at all.

Total Till Sales for the year were £33, 237

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, the Café, and the Compassion Fund. In this context, including Preschool fees, we are thankful for total 'Incoming Resources' of £946,727. Against this our total 'Outgoing Resources' amounted to £855,725, leaving us at a surplus over the year of £91,002.

At the end of the year, there was a total of £537,551 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.

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 2024

The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. Having taken professional advice over the past two years, we have created a corporate trustee (company) 'Thurrock Christian Fellowship (Trustee) Limited' - a private company #15360640, limited by guarantee. We have established our existing TCF Trustees as 'members' and 'directors' of that company. We have also submitted to the Charity Commission a new Governing Document to replace the old Trust Deed of this charity, TCF Trust, and renamed it to become 'Thurrock Christian Fellowship' - but it will remain a standard charitable trust. One of the changes in the new Governing Document is to allow for a corporate trustee. We currently await approval for these two changes by the Charity Commission.

Once approved, we will then make the new company a corporate trustee of the charity, then we the trustees will resign, leaving the company as the sole trustee of the charity. Of course, we will still control the charitable trust as directors of its 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

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'.

Page 6

THURROCK CHRISTIAN FELLOWSHIP TRUST

REPORT OF THE TRUSTEES for the year ended 31 March 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT TCF Safeguarding Policy

We adhere strictly to our 'Child Protection Policy', recently revised, 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.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

297569

Principal address

2-4 Chase Road Corringham Essex SS17 7QH

Trustees

A Acreman - Chair R Cranefield 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

Page 7

THURROCK CHRISTIAN FELLOWSHIP TRUST

REPORT OF THE TRUSTEES for the year ended 31 March 2024

08/07/24

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

A Acreman

A Acreman (Jul 8, 2024 13:58 GMT+1)

........................................................................ A Acreman - Trustee

Page 8

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 2024.

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

The Association of Accounting Technicians

Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF 08/07/24 Date: .............................................

Page 9

THURROCK CHRISTIAN FELLOWSHIP TRUST

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024

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
£
86,711
414,989
1,559
239
503,498
524,555
(21,057)
38,743
17,686
1,085,294
1,102,980		 Restricted
funds
£
443,229
-
-
-
443,229
331,170
112,059
(38,743)
73,316
233,876
307,192		 31.3.24
Total
funds
£
529,940
414,989
1,559
239
946,727
855,725
91,002
-
91,002
1,319,170
1,410,172		 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

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 10

THURROCK CHRISTIAN FELLOWSHIP TRUST

BALANCE SHEET 31 March 2024

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
1,333
236,382
237,715
(9,735)
227,980
1,102,980
1,102,980		 Restricted
funds
£
5,942
81
301,169
301,250
-
301,250
307,192
307,192		 31.3.24
Total
funds
£
880,942
1,414
537,551
538,965
(9,735)
529,230
1,410,172
1,410,172
1,102,980
307,192
1,410,172		 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

The financial statements were approved by the Board of Trustees and authorised for issue on 08/07/24 ............................................. and were signed on its behalf by:

A Acreman A Acreman (Jul 8, 2024 13:58 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 2024
Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by 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		 31.3.24
£
97,374
97,374
1,559
1,559
98,933
438,618
537,551		 31.3.23
£
16,586
16,586
298
298
16,884
421,734
438,618

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 2024

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Interest received
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by operations		 31.3.24
£
91,002
5,822
(1,559)
(775)
2,884
97,374		 31.3.23
£
9,755
5,882
(298)
1,276
(29)
16,586

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.23 Cash flow At 31.3.24
£ £ £
Net cash
Cash at bank and in hand 438,618 98,933 537,551
438,618 98,933 537,551
Total 438,618 98,933 537,551

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 2024

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 2024

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		 31.3.24
£
141,670
8,934
145,192
232,224
1,920
529,940		 31.3.23
£
161,379
9,419
117,894
101,208
2,240
392,140

During the year the Foodbank received food donations totalling £232,224 (2023: £101,208). This figure was calculated using the Trussell Trust suggested valuation of £2.37p/Kg of donated food (2023: £2.37p/Kg).

Page 15

continued...

THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2024

2. DONATIONS AND LEGACIES - continued

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

Crowdfunder Ltd
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)
Trussell Trust - Foodbank
3.
OTHER TRADING ACTIVITIES
Income from Pre School
Hire of hall
Spacious place
4.
INVESTMENT INCOME
Deposit account interest
5.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Independent examiners fee		 31.3.24
£
-
-
-
36,398
-
1,464
-
-
-
-
6,441
100,889
145,192
31.3.24
£
361,430
19,335
34,224
414,989
31.3.24
£
1,559
31.3.24
£
2,950		 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
31.3.23
£
2,950

Page 16

continued...

THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024

6. SUPPORT COSTS

SUPPORT COSTS
Governance
Finance costs Totals
£ £ £
Church operations 30 7,382 7,412

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

8. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
All staff		 31.3.24
£
451,086
23,008
8,054
482,148
31.3.24
21		 31.3.23
£
376,053
17,589
6,003
399,645
31.3.23
21

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 £27,194 (2023: £34,018) was made to the key management as well as Employer's NI of £2,498 (2022: £3,670) and Employer's Pension Contributions of £628 (2022: £714).

continued...

Page 17

THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024

9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
89,248
Other trading activities
331,947
Investment income
298
Other income
3,911
Total
425,404
EXPENDITURE ON
Charitable activities
Church operations
538,977
NET INCOME/(EXPENDITURE)
(113,573)
Transfers between funds
26,407
Net movement in funds
(87,166)
RECONCILIATION OF FUNDS
Total funds brought forward
1,172,461
TOTAL FUNDS CARRIED FORWARD
1,085,295
Restricted
funds
£
302,892
-
-
34
302,926
179,598
123,328
(26,407)
96,921
136,954
233,875		 Total
funds
£
392,140
331,947
298
3,945
728,330
718,575
9,755
-
9,755
1,309,415
1,319,170

continued...

Page 18

THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024

10. TANGIBLE FIXED ASSETS

10. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold
to		 and
property
property		 fittings
£ £ £
COST
At 1 April 2023 and 31 March 2024 875,000 313,155 67,755
DEPRECIATION
At 1 April 2023 - 313,155 67,755
Charge for year - - -
At 31 March 2024 - 313,155 67,755
NET BOOK VALUE
At 31 March 2024 875,000 - -
At 31 March 2023 875,000 - -
Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 April 2023 and 31 March 2024 29,410 24,095 1,309,415
DEPRECIATION
At 1 April 2023 17,646 24,095 422,651
Charge for year 5,822 - 5,822
At 31 March 2024 23,468 24,095 428,473
NET BOOK VALUE
At 31 March 2024 5,942 - 880,942
At 31 March 2023 11,764 - 886,764
Freehold Property is shown at fair value.
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Tax recoverable 606 639
Other debtors 808 -
1,414 639
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Taxation and social security 6,585 3,701
Other creditors 3,150 3,150
9,735 6,851

continued...

Page 19

THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024

13. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Designated Building fund
Hall Hire
Compassion Fund
Business Reserve
Mission
Preschool Garden
Community Space
Foodbank - Future Development Fund
Spacious Place Cafe
Restricted funds
Foodbank
CAP
Compassion Fund
Foodbank - Food
Preschool - New Entrance
Other one off restrictions
TOTAL FUNDS
Net movement in funds, included in the above ar
Unrestricted funds
General fund
Hall Hire
Compassion Fund
Mission
Preschool Garden
Community Space
Foodbank - Future Development Fund
Spacious Place Cafe
Restricted funds
Foodbank
CAP
Compassion Fund
Foodbank - Food
Other one off restrictions
TOTAL FUNDS		 At 1.4.23
£
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
e as follows:		 Net
movement
in funds
£
(27,580)
-
5,817
19
-
(15,040)
(307)
(2,219)
(885)
19,138
(21,057)
105,391
(4,094)
(1,317)
12,235
-
(156)
112,059
91,002
Incoming
resources
£
399,060
19,231
19
-
-
4
-
85,184
503,498
197,076
121
255
245,777
-
443,229
946,727		 Transfers
between
funds
£
24,707
-
(8,895)
(101)
-
11,376
2
2,510
(1,072)
10,216
38,743
(38,677)
-
1,322
(1,388)
-
-
(38,743)
-
Resources
expended
£
(426,640)
(13,414)
-
(15,040)
(307)
(2,223)
(885)
(66,046)
(524,555)
(91,685)
(4,215)
(1,572)
(233,542)
(156)
(331,170)
(855,725)		 At
31.3.24
£
92,118
875,000
1,672
1,187
62,600
5,612
-
357
-
64,434
1,102,980
253,121
810
5
28,819
24,437
-
307,192
1,410,172
Movement
in funds
£
(27,580)
5,817
19
(15,040)
(307)
(2,219)
(885)
19,138
(21,057)
105,391
(4,094)
(1,317)
12,235
(156)
112,059
91,002

continued...

Page 20

THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2024

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Designated Building fund
Youth
Hall Hire
Compassion Fund
Business Reserve
Foodbank - Designated
Mission
Preschool Garden
Community Space
Foodbank - Future Development Fund
Spacious Place Cafe
Restricted funds
Foodbank
CAP
Foodbank - Food
Preschool - New Entrance
Other one off restrictions
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		 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		 Transfers
between
funds
£
5,480
-
-
(9,700)
2,041
-
(1,588)
11,601
-
-
(1,438)
20,011
26,407
(26,158)
(249)
-
-
-
(26,407)
-		 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

continued...

Page 21

THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2024

13. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Youth
Hall Hire
Compassion Fund
Mission
Community Space
Foodbank - Future Development Fund
Spacious Place Cafe
Restricted funds
Foodbank
CAP
Compassion Fund
Foodbank - Food
Preschool - New Entrance
TOTAL FUNDS		 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		 Resources
Movement
expended
in funds
£
£
(401,485)
(43,521)
(40)
(40)
(36,736)
(14,487)
(1,205)
(1,205)
(9,220)
(9,220)
(56,334)
(54,133)
(9,149)
(6,037)
(24,809)
15,069
(538,978)
(113,574)
(167,846)
110,453
(1,673)
297
(220)
-
(8,490)
13,930
(1,368)
(1,351)
(179,597)
123,329
(718,575)
9,755

continued...

Page 22

THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2024

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
Compassion Fund
Business Reserve
Foodbank - Designated
Mission
Preschool Garden
Community Space
Foodbank - Future Development Fund
Spacious Place Cafe
Restricted funds
Foodbank
CAP
Compassion Fund
Foodbank - Food
Preschool - New Entrance
Other one off restrictions
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		 Net
movement
in funds
£
(71,101)
-
(40)
(8,670)
(1,186)
-
-
(24,260)
(307)
(56,352)
(6,922)
34,207
(134,631)
215,844
(3,797)
(1,317)
26,165
(1,351)
(156)
235,388
100,757		 Transfers
between
funds
£
30,187
-
-
(18,595)
1,940
-
(1,588)
22,977
2
2,510
(2,510)
30,227
65,150
(64,835)
(249)
1,322
(1,388)
-
-
(65,150)
-		 At
31.3.24
£
92,118
875,000
-
1,672
1,187
62,600
-
5,612
-
357
-
64,434
1,102,980
253,121
810
5
28,819
24,437
-
307,192
1,410,172

continued...

Page 23

THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024

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 757,024 (828,125) (71,101)
Youth - (40) (40)
Hall Hire 41,480 (50,150) (8,670)
Compassion Fund 19 (1,205) (1,186)
Mission - (24,260) (24,260)
Preschool Garden - (307) (307)
Community Space 2,205 (58,557) (56,352)
Foodbank - Future Development Fund 3,112 (10,034) (6,922)
Spacious Place Cafe 125,062 (90,855) 34,207
928,902 (1,063,533) (134,631)
Restricted funds
Foodbank 475,375 (259,531) 215,844
CAP 2,091 (5,888) (3,797)
Compassion Fund 475 (1,792) (1,317)
Foodbank - Food 268,197 (242,032) 26,165
Preschool - New Entrance 17 (1,368) (1,351)
Other one off restrictions - (156) (156)
746,155 (510,767) 235,388
TOTAL FUNDS 1,675,057 (1,574,300) 100,757

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.

continued...

Page 24

THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2024

13. MOVEMENT IN FUNDS - continued

Compassion Fund - Restricted/Designated

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 2024.

Page 25