Company registration number.. 02844870 Charity registration number: 1026229 Exeter Community Initiatives (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2024 WESTCOTTS CHARTERED ACCOUWTANTS & BUSINESS ADVISERS
Exeter Community Initiatives Contents Reference and Administrative Details 1 to2 Trustees, Report 3to13 Independenl Examiner's Report 14 Statement of Financial Activities 15 Balance Sheet 16to17 Statement of Cash Flows 18 Notes to the Financial Statements 191033
Exeter Community Initiatives Reference and Administrative Detalls Chalr Sheila Swarbrick Trustees Alan Broughlon (resigned 16 Aprll 2024) Christine Downes (resigned 24 November 2023) Mark Goodwin (appointed 12 October 2023) Tim Goodwin (resigned 30 April 2024) Charlotte Hanson (resigned 29 August 2024) Diane Hayman (resigned 18 July 2024) John Barrett Mark Hodgson (appointed 1 April 2024) Caroline Lake Christopher Neale (resigned 27 March 2024) Robert Pepper (resigned 27 March 2024) Bethany Reynolds (resigned 23 November 2023) Natalie Vizard (appointed 1 Augusl 2024) Robert Scott {appointed 10 October 2024) Emerald Hughes (appointed 10 October 2024) Secretary Ellen Taylor Charlty Registratlon Number 1026229 Company Registration Number 02844870 Registered Offlce 148-149 Fore Street Exeter Devon EX4 3AN Westcolts (SW) LLP Timberly South Street Axminster Devon EX13 SAD Independent Examiner Accountants Westcotts Timberly South Slreet Axminster Devon EX13 SAD Page 1
Exeter Community Initiatives Reference and Administrative Details Bankers CAF Bank 25 Kings Hill Avenue Kings Hill Kent ME19 4JQ Royal Bank of Scotland Exeter Broadwalk House Southernhay West Exeter EX1 1TZ COIF Charity Funds Senator House 85 Queen Victoria Street London EC4V 4ET Page 2
Exeter Community Initiatives Trustees. Report The trustees. who are directors for the purposes of company law, present Ihe annual report together with the financial statements of tha charitable company for the year ended 31 March 2024. which comply wilh the current statutory requiremenls, the charilvs governing documents and prepared in accordance with Ihe Accounting and Reporting by Charities, Slatement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) -ICharities SORP FRS02), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006. Objactives and activities Objects and aims Exeter Community Iniliatlve's {ECI) charitable objects as defined by the Memorandum and Articles of Association are as follows: To promote social inclusion for the public benefit by working with people in Exeter, the administrative County of Devon and local aulhority areas (at bolh unitary, county and district level and adjacent thereto), to prevent people from becoming socially excluded, relieving the needs of those who are socially exGluded and assisting them to integrate into SOGiety' To develop Ihe capacity and skills of the members of the socially and economically disadvantaged communities in Exeter, in such a way that they are better abla to idenlify, and help meet. their needs and lo participate more fully in society., and To promote, for the benefit of Exeler, the provision of facililies for the recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumslanGes or for Ihe public al large in the interests of social welfare and with the object of improving Ihe condilion of life of the said inhabitants. As a mulli-purpose organisation we have encapsulated these objects into Ihe following concise aim based on the work Ihat we have been delivering.. Our alm is to help people to improv8 wellbeing and build skills,. support families facing challenges and hardships and help communities lo thrive. Public benefit The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. The trustees are satisfied that the aims. objectives and activities of the charity meet with the terms of this guidance. Achievemenls and performance The last 12 months at Exeter Communiiy Inilialives has been eventful with many highlights and successes. Highlights include.. Our 30th anniversary as an established charity. We celebrated with a party attended by current and former staff and trustees, supporters, councillors and organisations. In August 2023 we hosted a free event in our children's charity shop with Exeter City Football Club. We had over 200 local people attend to meet players and coaches, and to buy Exeter City FC clothing and merchandise. Page 3
Exeter Community Initiatives Trustees. Report During the summer of 2023 we held the Exeter Volunteer Fayre at the Exeter Cathedral wilh over 60 organisations in attendance and 850 visitors on the day. Exeter Connect hosted The Big Exeler Feast. bringing together 60 organisations and 80 people in attendance. 11 workshops ran across Exeler, delivered by a range of organisations and groups with a focus on food povety and sustainabilily. Family Resource exlended geographic work area to include Cornwall. During 2023124 Exeter Community Initiatives has: Worked with 3811 people across Exeter and Devon Hosted and attended 638 evenls and workshops within Ihe community Supported 167 families, with 290 children Received 2615 of volunteer hours As we celebrated our 30th anniversary in Summer 2023, il became apparent that our financial position was becoming less secure, and we needed to review the structure of our organisation and quickly adapt lo a more modest and efficient model. This was a response to two main faclors. 3 of our largest projects were due to reach Ihe end of thelr contracts in March 2024 and future funding was uncertain, especially given local and national economy and demand. 11 became apparent Ihal we needed to reduce our expenditure as an organisalion. to ensure we were financially secure for the longer-term future. Despite our best efforls and having dedicaled staff who were focussed on income generation, the lack of available funding and the cost-of-living crisis impacted on our income and th8refore we needed to scale back our spending to be much more conservallve. The main actionsloulcomes of this were.. Making our fundraising and comms staff redundant Restrucluring our senior managemenl team {previously CEO. Deputy CEO, Finance Manager and Ops Manager) lo be replaced with a General Manager. Outsourcing our financial managemenl and accounting seNices lo a charity specialist Reducing our team of Administrators by 500/0 Actively seeking new grant funding for our projects that we due to end Ending the lease on our office and relocaling the office to the 1 sl floor of our charity shop Reviewing our funding commitmentslcontract agreements and endinglscaling back any activity that was not financially viable and outside of current agreements Page 4
Exeter Community Initiatives Trustees. Report These efforts were effeGlive. and we began the new financial year in April 2024 with 8 much healthier financial position, albelt with a trimmed down staff structure. Despite these challenges and a considerable amount of change and adjustment, we have still had an extrem81y posiliva year. As we continue our valuable work in 2024, we are as focussed as ever on helping to improve the lives of people across Exeter and Devon and we are driven by the knowing we are making a difference to people and communities. Ex8ter Community Initiatives will continue to adapt to meet the needs of its community, and we are graÉeful for the support of our donors, funders and partners. Remade Remade started as a pilot in 2021 with the aim of improving health and wellbeing through learning upcycling skills. This year we were successful in securing a grant from DCC Growing Communities to deliver 'Sew Much to Learn offering 4 sessions making itéms for the home on a budget. The aim was to learn and share skills, making items to help with energy efficiency - draught excluderslcurlains andlor other uséful items for the home from fabric remnants, dead stock, offculs and cheap charity shop buys SUPPOrting the environment with reducing and re-using waste. In addition to this, to provide an acllvity for participants to connect with others, and to learn about other opportunilies. The project was widely markeled on social media, posters displayed, and details sent to numerous organisations in Exeter including housing support for those in recovery and young people, Colab. Wellbeing Exeter, Community Builders, homeless organi5ations (who support people into housing). Recycle Devon and Inclusive Exeter There were 8 registered for the course and 7 atlended. This is lower than the anticipated number - which we feel is due to school holidays and the short lead lime from approval to start date. Sadly, due to a lack of funding, the Remade project closed in September 2023. Transitions Transilions aims lo improve independence and reduce isolation for adults who are vulnerable andlor have limited support networks, in the Exeter area. We have done this by: Supporting people to learn life skills and to make positive changes to improve overall wellbeing and independence, Ihrough both participating in group workshops and through 1-1 coaching. Encouraging the use of self-help and positive coping stralegies lo manage change and cope with life's ups and downs. Helping people to sel realistic and motivating goals, draw up a plan of action and take steps towards gradual change. Providing opportunities to connect with others in their community, sharing ideas and supporting each other, through group workshops, 1-1 matches with volunteer coaches. and monthly social meet-ups. Page 5
Exeter Community Initiatives Trustees. Report The project has been running since 2011 and in March 2023 we were in the final year of a five-year grant from the Lottery. Over this time, we have continually reviewed what we offer response to feedback and consullalion with clients, volunteers and wlth partner organisations in the statutory and VCSE sectors. Our overall aims of improving independence and connecledness are sufficiently broad to enable us to try different approaches, and we have found that the combination of 1-1 support and group discussion to be very effective. The informal nature of support provided predominantly from volunteers and peers is particularly empowering and encourages beneficiaries to see themselves more as community members rather than service users. Transitions providad 1-1 menloringlcoaching support lo 21 individuals (38 last year, 65 the year before) and 92 individuals attended our workshops (from 38 last year and 35 the year before), bringing th8 total number of beneficiaries to 121 (from 71 last year- our target is 75). A total of 45 individuals altended our group meel-ups. We ran only one a month, having discontinued our women-only group due to low numbers attending. Community Builders The Community Builders work in all the wards of Exeter and in Cranbrook and are part of the Wellbeing Exeter programme. This is a combinalion of social prescriblng and Asset Based Community Development (ABCD) to enable individuals and communities to Improve and promote their own wellbeing. Wellbeing Exeter Community Builders have worked at a neighbourhood level in the city for five and a half years, and in every ward for the last three. The role of the Community Builders is to talk to residents about what they love about where they live, and what Ihey would like to take action to change, and to support them to do this. The aim is to help enable thriving, inclusive local communities that maké the most of whal they've got, Gome together to make thlngs belter, and welcome everyone to join in. This long-term perspective on community life up close puts the Builders in an excellent position to observe the changes the pandemic has produced al a local level, and to help us undersland what the longer-term impact of this period might be for the way neighbours connect and lake action together. We've heard a lot recently about explosions in volunteering, new ways of connecling with neighbours, many more people working from home long-term. Are Ihese changes temporary, or will some slick? What does all this mean for Ihe communities we live in? In this reporÉ, we bring together what we have noticed over the last two or more years, and suggest what this might mean for Ihe next (or more). In summer 2023 we conducted a suNey of Exeter residenls, asking about thelr knowledge of and engagement with their Community Builder. We received 354 responses from all wards in Ihe oity. In addition, we held a series of interviews and focus groups with residents who have had significanl contsct with the Community Builders, lo understand from their perspective where the value of community building lies. Read the full reporl, Knitting It All Together (2023) Page 6
Exeter Community Initiatives Trustees. Report Exeter Connect The Exeter Connecl service was commissioned by Exeter Clty Council and provides free, independent, professional and practical support to existing and new community organisations in the city to help them develop and become self-sustaining. During the year Exeter Connect provided bespoke advice and support to 38 new and emerging groups and organisations as well as lo 174 existing organisations. We delivered 23 training courses identified as a need by the sector with 268 people who altended. We held interest based and place based Networks, hosting a total of 20 meetings during Ihe year that involved 112 organisations. Through extensive networks and relationships with the VCSE sector in Exeter we hosted the Volunteer Fayre for the third year running, this took place al Exeler Calhedral and attracted over 60 local organisations and 850 local people. As a direct result of such a successful event the Volunteer Directory for Exeter locals, now has over 69 organisations signed up and is continuing to grow. The Exeter Feast conference, brought together the city's VCSE sector and local food businesses to explore what an integrated and eco food system in Exeter might look like., and what partnerships and local groups and organisations can do to turn the vision into a reality The Big Exeter Feast broughl together 60 organisations and 80 people allended. 11 workshops were ran linked to the food conference and 127 people attended. We have sought to contribute to parlicular issues that of importance within the City and developed survey to help the sector look at Iheir carbon footprint and consider ways in which they could support the Net Zero agenda. As a follow up to the suNey we facilitated an event 'Down to Zero, in partnership with Exeter City Futures, which heard about the work of academics and different local organisalions working hard to support people with energy needs such as ECOE. Famlly Resource Family Resour helps parents and children facing challenges such as breakdown in family relationships, recovery from crime, parenting issues, social isolation, school attendance and olher issues that arise from past and recent trauma events. Our team work in a trauma-informed and person-centred way, ensuring individuals, couples and famllies feel heard. We support with parenting approaches, listening to Ihe voice of the child and engaging with other services such as education, social care and mental health. 2023-24 has been changes lo the make-up and geography of the team. We now have workers across Devon and also in Cornwall. And are able to cover Ihe two counties Ihrough visits and online support. Partnership work is vilal and we have close links wilh other VCSE organisations supporting the menlal health of children and their parents across Devon. Page 7
Exeter Community Initiatives Trustees, Report Family support work We deliver our family support work through commissioned work from the OPCC and Devon County Councll. We provided support for 110 parents and children Ihrough the year. Our work Gentres on supporting victims of crime who are OVehelmed by a range of issues including parenting, neurodiversity. trauma reactive and challenging behaviours, relationships with seNices like education, social care, DWP and housing. These conlracls are in partnership with organisalions across Devon and Cornwall Young Devon, Young People Comwall, The Zone, Clear Therapy, Kooth and SPACE. These partnerships serve to improve and strenglhen the offer we all provide lo those we support. The Test and Learn contract we have with Devon County Council will go into 2024-25, with the aim to demonstrale the work needed to support young people who have witnessed or experience domestlc abuse and violence. Family Connectors (Wellbeing Exeter and Cranbrook Partnership> The conlracts for the Family Connectors ended in March 2024. The slaff finished off their last cases and handed a number over to the Family Support Workers team. They picked up 40 new cases through the year, signposling or referring families to aclivilies, social and support groups as well as to other individuals within the community who could meet the familtys wants and needs. They also supporting parents with processes such as getting thelr children onto neurodiversity assessment pathways. EHCP requests and applying for benefits. Cranbrook Connector (Wellbeing Exeter and Cranbrook Partnership) The Cranbrook Connector works very closely wilh our Cranbrook Community Builder. The Connector has used her wide range of local knowledge to connect a mixture of individuals and families (261 to 58 differenl organisalions and groups. She makes good use of being part of the Wellbeing Exeler leam and the Family Resource team, keeping herself abreast of knowledge and resources. Reducing parental conflict This is the second year of our three year partnership with Devon County Council's Happy Families, Happy Futures programme. We provide the Referral Gateway, and administration of reporting numbers as well as delivering the parental communication courses 'Wilhin my Reach, or 'Triple P-Transitions'. This work is aimed at supporting parents, whether together or separated, to reduce parental conflict by developing positive communication and problem-solving skills, lo manage emotions and create more positive environments for Iheir children. This partnership work with DCC, Homeslart South and West Devon, Inspire South West and Exeter and Devon Mediation has brought positive working ralationshlps and change to 99 families across the county. Page 8
Exeter Community Initiatives Trustees. Report Jelly Jelly is ECI'S children's chariiy shop that provides second-hand clothing, toys, books and baby accessories at low cost. The shop has developed as a social space with a baby-changing room, a sofa area for molhers to breastfeed their babies and for parents to relax while their children play at table stocked with toys and colouring books. Volunteers benefit from training and work experience; building self-confidence and improve employability skills. During 2023124 we have worked hard to increase our sales and foolfall wilh social media and free in-slore family events including a family theatre performance and craft activities. Our income is stable and allows us lo cover the running costs of the shop. The highlight of our year was a huge 'meet the players, event held wilh Exeter City Football Club and Exeter City Supporters Trust during the summer of 2023. The Club generously donated new and used ECFC kit which we sold at a Meet the Players event held in the shop whare players and coaches from the men's and women's teams gave up their tlme to meet fans, have photos and sign autographs. We had over 200 people attend on the day with a queue runnlng to the bottom of the street and TV coverage from BBC Spotlight. 11 was a record day for sales and helped to build our customer base. We are really grateful to all our volunteers, staff and funders for their continued support. Particular thanks to- Our 'Friends of Exeter Community Initiatives, members for your loyal support and incredible financial contributions. We received £31,822 (including gift aid) in individual donations and £1,000 raised by Trustee Caroline Lake for her skydive. Thanks to the continued support from local churches: Central Exeter PCC, The Parish of Central Exeter, Clyst St George PCC, South Street Baplist Church, Southernhay United Reform Church, st Michaels and All Angels. Thanks to the Exeter City Football Club Supporters Trust who have continued Iheir charity partnership with ECI and have supported us wilh donations, publicity and finanGial donations. Thanks to local business: Francis Clark who raised £3,746 through fundraising. Skipton Building GiffGaff, We ara shop, Catholic Womens League, Exeter University Classics Society for your kind and génerous donations. Thanks to our funders and partners.. Devon Counly Council, Exeter City Council, the Office of the Police and Crime Commissioner (Devon & Cornwall), TWIN, Lloyds Bank Foundation, The National Lottery, Norman Family Charitable Trust, Henry Smith Charity, Devon Community Foundation, DeVA, Persimmon Homes, InExeter, PETROC, Exeter Cathedral, NDVS, Masonic charitable Foundation and Northbrook Community Trust, Sovereign Nebmork Group, Garfield Weston Foundation, David Gibbons Foundation. Rank Foundation, Jami8son - Bystock Trust, The Grace Trust. Page 9
Exeter Community Initiatives Trustees, Report Financlal revlew Income increased by around 6 % in 2023124 compared with 2022123 due to an increase across all three areas of donations and legacies. charitable activities and investment income. While we received increased funding this year for TWIN, Wellbeing Exeter and Devon Family Resource projects, as well as continued funding for Transitions and Exeler Connect, the end of the year saw funding coming to an end for a number of these larger projects. This led lo a restructuring of our organisalion which prevented potentially significant overspend and has delivered the necessary financial stability on which to build. Restricted reserves decreased by £44,683 from £51,444 10 £6,761 and unrestricted reserves decreased by £80,314 from £284,362 to £204,048 (of this sum, £5.312 is represented by fixed assets). Permanenl endowment funds increased by £3,131 from £34.585 to £37,716. Reserves policy The raserves policy specifies that in the evenl of ECI having to cease its activities, sufficlent funds should be available to pay for the cost of six monlhs of charitable operation to cover the wind-down period and the redundancy costs of any remaining staff. The financial position against the policy is reviewed every quarter. The charity's free reseNes, excluding fixed assets, permanent endowment fund and designated funds, were £183,736 al 31 March 2024. The trustees, free reseNes target is £104,160, representing approximately six months, core costs, and we are taking steps lo ensure Ihat a healthy balance is malntained in excess of this target to ensure we can continue to underpin ECI'S charitable activities. A further £37,716 is held as investments for an endowment fund. The capital of this fund can only be used in an unexpected emergency. The charills Memorandum and Articles of Association authorises the holding of such investments as may be Ihought fil. The actual investments held are units in the COIF Charities Investment Fund. Investment pollcy and objectives Surplus funds are held in a COIF Charity deposit account specifically designed to maximise returns. Risk management Throughout 2023124 and continuing into the new financial year the Trustees have regularly monitored the financial position against budgets and forecasts which have been reported lo the Business and Resources Committee and Councll meetings. They have also continued to monitor the major risks to which the Charity is exposed, and have reviewed internal systems to minimSse these risks. The financial prOdureS and risk management policies were reviewed in May 2024 and are reviewed annually to ensure that Ihey still meet the currenl requlremenls of the charlty. Page 10
Exeter Community Initiatives Trustees. Report The year ahead We are entering the new financial year in a posltive posilion,. we have stabilised our finances, we have secured new funding for 2 major projects (Transitions and Community Builders) and we have merged with Magic Carpel. an Arts based charity that offers arts and drama workshops to people with disabilities and mental health challenges. By joining together, we can share the running costs and share reSoUrs. Our focus this year will be on ensuring we remain financially stable and delivering our work effectively. We will be reviewing our strategy and ensuring our purpose, aims and work remain relevant structure, governance and management Nature of governlng document The charity is a company limited by guarantee (number 02844870) and was incorporated on 16 August 1993. It was registered with the Charity Commission (regislralion number 1026229) on 30 September 1993. The company was established under a Memorandum of Association which describes the objects and powers of the charitable company, and il is governed under its Articles of Association amended in 2012. Recruitment and appolntment of trustees Individuals, who must be members of Ihe company, are usually elected to the board of trustees {the Council) by the company sitting in general meeting. Alternatively, they may be appointed by members of the Council provided Iwo thirds of Ihe members of the Council support their appointment. One third of Iheir number retires by rotation each year and are eligible for re-election. We have a clear view on the skills we need for the ECI Council identified through a regular skills audit carried out by iruste8s. Vacancies are advertised through the wébsite and where specific skills are required through wider advert. Once identified prospective trustees meet with Ihe Chief Executive, then are intervlewed by 2 or 3 members of the board of trustees, one of which must be the Chair. This meeting is the point al which a decision is made to invite the individual to become a trustee. Once appointed, the trustee then goes through a planned induction which introduces Ihem fully to ECI. Page 11
Exeter Community Initiatives Trustees. Report Organisational structure In furtherance of our charitable objects, it is the company's policy ihat the Council is responsible for setting the overall strategy and policies of the organisation, and all mallers pertaining lo general administration. The Council has delegated certain powers and decision making capabilities to 2 sub committees.- the Business and Resources Committee (BRC) which provides oversight of the physical resources, financial managemenl, personnel and policy issues, and the operational management of the organisalion and provide support and advice to the Chief Executive in the managemenl of these functions., and the Strategy, Projects and Relationships Committee (SPRC) which provides oversight of the strategic direclion and development of the organisation including the planning, coordination, and review of all fundraising and communication and public relations activities. The terms of reference for the two committees were reviewed in January 2019. Finally, the Chairs Group has delegated powers of decision making when circumstances require quicker decision making than the meeling schedules allow. Operational management and administration is delegated lo the managemenl team. ECI'S salary scales follow the National Joint Council (NJC) scheme used by local authorities, with annual increment progression through the relevant scale. Salaries for key staff are sel at recruitment by the Board, based on the NJC model. Annual inflationary salary increases are based on the NJC annual pay seltlemenl and approved by the board. Pald staff In 2023124 we employed 53 full and part-time staff across the charity al the year end, equivalent lo 30 FTE. There have been changes within the Management Team where we said goodbye to Katie Holland as CEO in July 2023 with Carole Pilley taking over the Acting CEO role. The Board has continued to be supported throughoul the year by Geoff Poad, Clerk to the Trusteas. Statement of trustees. responsibilities The trustees (who are also the directors of Exeter Community Initiatives for the purposes of company law) are responsible for preparing the trustees, r8POrt and Ihe financial statemonts in accordance with applicable law and United Kingdom Accounting Slandards (United Kingdom Generally Accepted Accounting PraGticel, including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland". Company law requires the trustees to prepare financlal statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incomlng resources and application of resources, including ils income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and apply them consislently,. observe the methods and principles in the Charilies SORP,. make judgements and estimates that are reasonable and prudent. state whether applicabla acGounling slandards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial stalements on the going concern basis unless il is inappropriate to presume that the charitable company will conlinue in business. Page 12
Exeter Community Initiatives Trustees. Report The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable Ihem to ensure that the financial slatements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for Ihe maintenance and integrity of Ihe corporate and financial informalion included on the ch8rilable companvs website. Legisl81ion governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. The annual report was approved by the trustees of the charity on behalf by.. and signed on its Sheila Swarbrick Chairman Page 13
Exeter Community Initiatives Independent Examiner's Report to the trustees of Exeter Community Initiatives ('the Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audiled under Parl 16 of the 2006 Act and are ellgible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('Ihe 2011 Act,). In carrying out my examination I have followed the Directions given by th8 Charily Commission under section 145(5){bl of the 2011 Act. Independent examiner's statement Since the CompanVs gross income exceeded £250,000 your examiner must be a member of a body lisled in section 145 of the 2011 Act. I confirm that l am qualified lo undertake Ihe examination because l am a member of ICAEW which is one of the listed bodies. I have compleled my examination. I confirm that no matters have comè to my attention in connection with the examination giving mé cause to believe: 1. accounling records were not kept in respect of Exeter Community Initiatives as required by section 386 of the 2006 Act. or 2. the accounts do nol accord with those records,. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matler considered as part of an independent examination,. or 4. the accounts have not been prepared in accordance with the methods and principles of Ihe Statement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in accordan with the Financial Reporting Slandard applicable in Ihe UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other matlers in connection with the examinalion lo which altenlion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Robyn Gifford-England ACA Westcotts (SW) LLP Timberly South Street Axminsler Devon EX13 SAD Date.. 23 12.21 Page 14
Exeter Community Initiatives Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrlcted Restricted Endowment funds funds funds Total 2024 Total 2023 Note Income and Endowments from: Donations and legacies Charitable activities Investment Income 42,794 127,842 12,853 9,478 779,923 52,272 907,765 12,853 32,255 883,357 2,792 Total income 183,489 789,401 972,890 918,404 ExpendSture on: Charitable activities 240,970 856,917 1,097,887 1,067,888 Total expenditure Gainsl(losses) on investment assets (240,970) (856,917) (1,097,887) (1,067,888) 3,131 3.131 1,303 Net (expendilurellincoma Transfers between funds (57,481) (67,516) 3,131 (121,866) (150,787) 22,833 22,833 Net movement in funds (80,3141 {44,683) 3,131 (121,866) (150,787) Reconclliatlon of funds Total funds brought forward 284,362 51,444 34,585 370,391 521,178 Tolal funds carried forward 19 204,048 6,761 37,716 248,525 370,391 All of the charily's activilies derive from Gontinuing operations during the above two periods. The funds breakdown for 2023 is shown in note 19. The notes on pages 19 to 33 form an inlegral part of Ihese financial slalements. Page 15
Exeter Community Initiatives (Registration number: 02844870) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed assets Tangible assets Investments 13 14 5,312 37,716 9,854 34,585 43,028 44,439 Current assets Debtors Cash at bank and in hand 15 16 25,521 202,286 42,618 335,413 227,807 378,031 Creditors: Amounts falling due within one year Net current assets 17 22,310 52,079 205,497 325,952 Net assets 248,525 370,391 Funds of the charity: Endowment funds 37,716 34,585 Restricted Income funds Restricted funds 6,761 51,444 Unrestricted Income funds Unrestricted funds 204,048 284,362 Total funds 19 248,525 370,391 The notes on pages 19 to 33 form an integral part of these financial stalements. Page 16
Exeter Community Initiatives (Registration number: 02844870) Balance Sheet as at 31 March 2024 For the financial year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilitles: The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with seclion 476., and The directors acknowledge their responsibilities for complying with the requirements of the Act wlth respect to accounting records and the preparation of accounts. The financial statements on pages 15 to 33 were approved by the trustees, and authorised for issue on...14.D&i.. nd signed on their béhalf by: Sheila Swarbrick Chairman The notes on pages 19 to 33 form an inlegral part of these financial statements. Page 17
Exeter Community Initiatives Statement of Cash Flows for the Year Ended 31 March 2024 2024 2023 Note Cash flows from operating activltles Nel cash expendilure (121,866) (150,787) AdJustments to cash flows from non-cash items Depreciation Investment income Lossesl(gains) on investments 4,542 (12,8531 3,131 {133,308) 5,897 (2,792) 1,303 (146,379) Working capital adjustments Decreasel(increasel in debtors {DecreaseJlincrease in creditors Nel cash flows from operating activities Cash flows from investlng activities Interest receivable and similar income Purchase of tangible fixed assets Nel cash flows from investing aclivilies Nel decrease in cash and cash equivalents Cash and cash equivalents at 1 April Cash and cash equivalents at 31 March 15 17 17,097 29,769 (9,250) 3,679 (145,980) 151,950 12,853 2,792 7,797 13 12,853 5,005 (133,127) 335,413 (156,955) 492,368 202,286 335,413 All of the cash flows are derived from continuing operations during tha above iwo periods. The notes on pages 19 to 33 form an integral part of Ihese financial statements. Page 18
Exeter Community Initiatives Notes to the Financial Statements for the Year Ended 31 March 2024 1 Charity stalus The charity is limited by guarantee, incorporaled in , and consequontly does not have share capilal. Each of the trustees is liable to contribute an amounl not exceeding £Nil towards the assels of Iha charity in the event of liquidation. The address of its registered office is.. 148-149 Fore Streel Exeler Devon EX4 3AN 2 Accountlng pollcles Summary of significant accountlng pollcles and key accounting estimates The principal accountlng policies applied in the preparation of these financial statements are set out below. These policies have been Gonsistently applied to all the years presented, unless otheiSe slated. statement of compliance The financial statemenls have been prepared in accordance with Accounting and Reporting by Charilies: 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)) {issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparatlon Exeler Community Initiatives meets the definition of a public benefit enlity under FRS 102. Assets and liabilities are initially recognised at hislorical cost or transaction value unless otheNise staled in the relevanl accounting policy notes. Going concern The trustees consider that there are no material uncertainties aboul the charitys ability to continue as a going concern nor any significant areas of uncertainly that affect the carwng value of assets held by the charity. Page 19
Exeter Community Initiatives Notes to the Financial Statements for the Year Ended 31 March 2024 Judgements and key sources of estlmation uncertalnty In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions aboLtt the Garrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors thal are considered lo be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effeGt on Ihe amounts recognised in the financial statements are depreciation. accrued expenses and valuation of investments. Income and endowments All income is recognised once the charity has entitlement lo the income. il is probable that the income will be received and Ihe amount of the income receivable can be measured reliably. Donations and legacies Donations are recognised when the charily has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that raquire a level of performance by the charity before the charity is enlilled to the funds, the income is deferred and not recognised until ellher those conditions are fully met, or the fulfilmenl of those Gonditions is wholly within the control of the charily and it is probable that these conditions will be fulfilled in the reporting period. Expendlture All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly atlribuled lo particular headings they have been allocated on a basis consislenl with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of Ihe asset's use, Other support costs are allocated based on the spread of staff costs. Charitable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activitles and seNices for its beneficiaries. 11 includes both Gosts that can ba allocated directly lo such activities and those costs of an indirect nature necessary to support them. Support costs Support costs are Ihose functions that assist the work of the charity bul do not directly undertake charitable activities. Governance cosls are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity's activities. These costs have been allocaled between cost of raising funds and expenditure on charitable activities based on the proportion of slaff time as follows.. Page 20
Exeter Community Initiatives Notes to the Financial Statements for the Year Ended 31 March 2024 2024 2023 Raising funds Charitable activilies o.oo/. O.O'/(b 100.0'/0 Governance costs These include the costs attribulable to the charity's compliance with constitutional and stalutory requiremenls, including audit, strategic management and truslees meetings and reimbursed expenses. Taxation The charity is consldered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefora it meets Ihe definition of a charitable company for UK corporation lax purposes. Accordingly, the charily is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Seclion 256 of the Taxation of Chargeable Gains AGt 1992, to the extent that such income or gains are applied exclusively lo charitable purposes. Tanglble fixed assets Individual fixed assets costing £250.00 or more are initially recorded at cost, less any subsequent accumulated depraciation and subsequenl accumulated impairment losses. Deprecialion and amortisatlon Deprecialion is provided on tangible fixed assets so as lo write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Depreciatlon method and rate 4 years 4 years Asset class Leasehold improvements Fixtures, fitlings and equipment Fixed asset investments Fixed asset investments, other than programme related investments, are included at market value at the balance sheet dale. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value al the start of the year, or their subsequent cosl, and are Gharged or credited to Ihe Statement of Financial Activities in the period of disposal. Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end. Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and Gall deposits, and other short-term highly liquid investmenls that are readily converlible to a known amount of cash and are subject to an insignificant risk of change in value. Page 21
Exeter Community Initiatives Notes to the Financial Statements for the Year Ended 31 March 2024 Borrowings Interest-be8ring borrowings are initially recorded at fair value, nel of transaction costs. Interest-bearing borrowings are subsequently carried al amortised cost, with the difference between the proceeds, nel of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activilles over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for al least twelve months after the reporting date. Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charlty. Designated funds are unrestricted funds sel aside for specific purposes al the discretion of the trustees. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is reslricted to that area or purpose. Penslons and other post retirement obligations The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid Into a pension fund and the charity has no legal or constructlve obligation lo pay further contributions even if the fund does not hold sufficient assets lo pay all employees the benefits relating to employee service in the current and prior periods. Contributions lo defined contribution plans are recognised in the Statement of Financial Activities when they are due. If conlribulion paymenls exceed Ihe contribution due for service, the excess is recognised as a prepayment. Flnancial instruments Classificatlon and recognition The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised at transaction value and subsequently measured at their seltlemenl value with Ihe exceplion of bank loans which are subsequently recognised at amortised cosl using the effective interest method. Page 22
Exeter Community Initiatives Notes to the Financial Statements for the Year Ended 31 March 2024 5 Investment income Unrestricted funds General Unrestrlcted funds General Total 2024 Total 2023 Other investmenl income 12,853 12,853 2.792 2,792 6 Analysis of charitable activilies including governance and support COSts Total Charitable activilies Governance costs 2024 Staff costs Recruitment cosls Travelling and other costs User activities and training courses Telephone and internet Computer sofvare and Maintenan costs Printing, postage and stationery Rent, rates and room hire Lighl, heal and power Insurance Subscriptions Publicily and markating Repairs and maintenance Depreciation Equipment Freelance therapists Professional fees Sundries and consumables Bank charges Audit and accountancy fees 927,483 1.442 11.166 9,243 10,025 19,919 4,126 30,721 2,877 4,039 3,021 4,643 2,062 4.542 1,734 30,257 15,984 1,566 9.165 936,648 1,442 11.166 9,243 10,025 19,919 4,126 30,721 2,877 4,039 3,021 4,643 2,062 4,542 1,734 30,257 16,032 1,566 821 2,400 48 821 2,400 12,434 1,084,850 1,097,284 Page 24
Exeter Community Initiatives Notes to the Financial Statements for the Year Ended 31 March 2024 3 Income from donations and legacies Unrestrlcted funds General Restricted funds Total 2024 Donations and18gacies' Donations from individuals Gift aid reclaimed 40,045 2,749 5,345 4,133 45,390 6,882 42,794 9,478 52,272 Unrestricted funds General Restricted funds Total 2023 Donations and legacies., Donations from individuals Gift aid reclaimed 26,491 5,514 250 26,741 5,514 32,255 32,005 250 4 Income from charitable activities Unrestrlcted funds General Restrlcted funds Total 2024 Community, projects and social enterprise Vulnerable adults Children and families 127,842 472,830 39,655 267,438 600,672 39,655 267,438 127,842 779,923 907,765 Unrestrlcted funds Designated General Restricted funds Total 2023 Community, projects and social enterprise Vulnerable adults Children and families 42,952 457,118 80,747 239,556 500.070 97,129 286,158 16,382 46,602 16,382 89,554 777,421 883,357 Page 23
Exeter Community Initiatives Notes to the Financial Statements for the Year Ended 31 March 2024 Total Charitable activities Governance costs 2023 Staff costs Recruitment costs Travelling and other cosls User activilies and Iraining courses Telephone and internet Computer software and maintenance costs Prinllng, postage and stationery Rent, rates and room hire Light, heat and power Insuran Subscriptions Publicity and markeling Repairs and maintenance Depreciation Equipment Freelance therapists Professional fees Sundries and consumables Bank charges Client support fund Cost of Iruslee meetings Audit and accountancy fees 712,194 3,125 17,408 13,330 7,839 14,477 2,511 31,324 3,072 603 834 142 1.851 142,312 11,990 293 854,506 15,115 17,701 13,330 19,463 22,564 5,727 33,089 3,072 4,072 2,369 4,252 1,851 5,897 1,664 36,554 14,622 2.431 944 11,624 8,087 3,216 1.765 3,469 1,535 4,110 5,897 209 1,455 36,554 11,269 1.568 3,353 863 944 182 8,474 182 8,474 859,565 208,323 1,067,888 On review of the allocation of support and governance costs, it has been determined that limited costs represent governan cosls, and therefore the majority of costs have been attributed directly to charitable activity expenditure now. 7 Net inGomingloutgoing resources Net outgoing resourGes for the yaar include.. 2024 2023 Deprecialion of fixed assets 4,542 5,897 8 Trustees remuneration and expenses No truslees, nor any persons connected with them, have received any remuneration from the charity during Ihe year (2023.. nil). No trustees have received any reimbursed expenses or any other benefits from the charity during the year (2023: nil). Page 25
Exeter Community Initiatives Notes to the Financial Statements for the Year Ended 31 March 2024 9 Staff costs The aggregate payroll costs were as follows.. 2024 2023 Staff costs durlng the year were.. Wages and salaries Social security costs Pension costs 839,010 58,144 39,494 936,648 771,925 47,106 35,475 854,506 The monthly average number of persons (including senior management I leadership team) employed by the charity during the year was as follows.. 2024 2023 Average head count 48 46 No employee received emoluments of more than £60,000 during the year {2023: Nil). The key management personnel of the charitable company comprise the Trustees, Chief Executive Officer, and Senior Leadership Team. The total employee benefits of the key management personnel were £229,354 (2023.. £207,746). Included in staff costs are redundancies totalling £0 (2023.. £4,044). 10 Independent examinerfs remuneration 2024 Examinalion of the financial slatements 2,400 11 Auditors, remuneratlon 2023 Auditols remuneration 6,050 12 Taxation The charity is exempt from corporation tax as all of its income is charitable and is applied for charilable purposes. Page 26
Exeter Community Initiatives Notes to the Financial Statements for the Year Ended 31 March 2024 13 Tangible fixed assets Furnlture and equipment Leasehold improvements Total Cost Al 1 April 2023 Disposals 39,886 39,087 17,873 78,973 17,873 At 31 March 2024 39,886 21,214 61,100 Depreciation At 1 Aprll 2023 Charge for the year Eliminated on disposals 34,040 1,950 35,079 2,592 17,873 69,119 4,542 17,873 At 31 March 2024 35,990 19,798 55,788 Net book value At 31 March 2024 3.896 1,416 5,312 At 31 March 2023 5,846 4,008 9,854 14 Fixed asset investments Listed investments Total Cost or Valuation At 1 April 2023 Revaluation 34,585 3,131 34.585 3,131 At 31 March 2024 37,716 37,716 Net book value At 31 March 2024 37,716 37,716 Al 31 March 2023 34,585 34,585 Investments held are COIF Charities Funds managed by CCLA. Page 27
Exeter Community Initiatives Notes to the Financial Statements for the Year Ended 31 March 2024 15 Debtors 2024 2023 Trade debtors Prepayments Olher débtors 5,700 5,888 13,933 9,848 9,906 22,864 25,521 42,618 16 Cash and cash equlvalents 2024 2023 Cash al bank 202,286 335,413 17 Creditors: amounts falling due within one year 2024 2023 Trade creditors Other taxation and social security Other creditors Accruals 7.609 16,669 11,936 15,746 7,728 12,001 2,700 22,310 52,079 18 Commitments other finanGlal commitments The charity had operating leases at the year end with total fulure minimum lease payments as follows: Land and buildings 2024 Other 2024 2023 2023 Amount falling due: Within 1 year Within 1 5 years 15,250 7,625 22,875 15,250 22,875 298 717 298 38,125 298 1,015 Page 28
Exeter Community Initiatives Notes to the Financial Statements for the Year Ended 31 March 2024 19 Funds other galns 31 March l(losses) 2024 1 April Incoming Resources 2023 resources expended Transfers Unrestricted funds General General Funds 252,980 183,489 (240,970) (6,451) 189,048 Designated Transitions New development fund 16,382 15,000 (16,382) 15,000 15,000 31,382 16,382 Total unrestrlcted funds 284,362 183,489 240,970 22,833 204,048 Restricted funds TWIN Transitions Food Fund Bike bank Small Grants Homeless Collaboration Wellbeing Exeter Exeter Connect Colab Devon Family Resource Remade 1,902 15,868 3,536 (5,877) 2,019 64.465 35,050 (58,349) (63.229) {8,018) 12,311 (3,536) 9,627 2,700 (6,450) 2,019 1,735 19,158 (1,735) 348,568 62,680 (363,463) (62,201) 4,263 479 2,500 (2,500) 11,556 953 274,033 (296,120) 7,105 10,531 6,153 51,444 789,401 856,917 22,833 6,761 Endowment funds Expendable Expendable Funds 34,585 3,131 37,716 37,716 34,585 3,131 Total funds 370.391 972,890 <1,097,887 3,131 248,525 Page 29
Exeter Community Initiatives Notes to the Financlal Statements for the Year Ended 31 March 2024 Other gains 31 March l(losses> 2023 1 April Incoming Resources 2022 resources expended Transfers Unrestricled funds General General Funds 264,098 124.351 (264,692) 129,223 252,980 Designated Transitions New development fund 16,382 16.382 15,000 31,382 30,000 15,000) 15,000 30,000 16,382 Total unrestrlcted funds 294,098 279,692 140,733 129,223 284,362 Restricted funds TWIN Transitions Food Fund Bike bank Small Grants Homeless Collaboration Wellbeing Exeter Exeter Connect Colab Devon Family Resource Remade 1,538 20,215 3,536 6,459 2,019 51,952 67,667 (51,588) {72,0141 1.902 15,868 3,536 (5,877) 2,019 250 (12,586) 1,735 5,200 127,174 2.500 1,735 19,158 316,296 (302,3381 140,822 (138,773) (129,223) 2,500 18,173 2,643 187,604 (194,221) 13,080 16,676 191,192 777,671 11,556 953 788,196 129,223 51,444 Endowment funds Expendable Expendable Funds 35,888 (1,303 1,303 34,585 35,888 34,585 Total funds 521,178 918,404 (1,067,888 1,303 370,391 Page 30
Exeter Community Initiatives Notes to the Financial Statements for the Year Ended 31 March 2024 The specific purposes for which the funds are to be applied are as follows: Endowmenl fund: The endowment fund was donated to be retained and only expended in an unexpected emergency or upon dissolution of the company. Income arising from the fund is available for any purpose deemed appropriate by the council of management. Gains or losses on the investments in which the fund is held are added lo or deducted from the fund each year. Restricted funds- TWIN-. Sub-contract with TWIN to deliver 8 range of interventions to support parents to improve communiGation to create a positive environment for children as part of the DWP Reducing Parenlal Conflict programme called 'Happy Families, Happy Futures,. Transilions- Project working with people making the transition lo independent living to increase their resilience Ihrough developing their skills and building networks in their communities. Food Fund: Funding lo increase skills and confidence through providing food growing activities. Bike Bank.. A sheltered bike maintenance workshop to increase Ihe skills of Ihose most excluded from society and give meaningful occupation to their time. Ripple Effecl: Projecl working with people with lived experience of drug and alcohol dependency to engage them in creative and meaningful activity. Small Grants: A restricted fund for any miscellaneous small granls received for specific purposes during the year. Homeless Collaboration.. Funds to be used to support soup kitchens in Exeter. Wellbeing Exeter- Funds to be used to employ Community Builders on the Wellbeing Exeter project. Exeter Connect: Funds to be used lo deliver the voluntary and community sector support seNice for Exeler City Council. Colab.. Funds lo be used to support community response lo mental heallh projects in Colab. Devon Family Resource.. Project supporting children and families lo thrive and have a posillve slart lo their life through enabling Ihe provision of support services. Remade.. Funds used to support an upcycling projecl for people who struggle with social interaction to become involved in a creative activity. Designated funds.. Transitions.. This funding has been designated for use with the Transilions project in honour of the individual who left the charity a legacy and was strongly connected lo this area of our work. New development fund.. This fund contains income from Garfield Weston and The Community Fund which were given towards core costs and have been designated as funds lo be utilised for particular development projects as they arise. Page 31
Exeter Community Initiatives Notes to the Flnancial Statements for the Year Ended 31 March 2024 Transfers beeen funds have been made for the following reasons: To reflect that unrestricted funds in deficit have been funded by unrestricted reserves. To move finished projects remaining reserves to unreslricled following the end of the project. 20 Analysis of net assets between funds Total funds at 31 March 2024 Unrestricted funds General Deslgnated Restricted funds Tangible fixed assets Fixed asset investments Current assets Current liabilities 5,312 37,716 144,981 22,310 5,312 37,716 227.807 22,310 31,382 51,444 Total net asse15 165,699 31.382 51,444 248,525 Total funds at 31 March 2023 Unrestricted funds General Designated Restricted funds Tangible fixed assets Fixed asset investments Current assets Currenl liabilities 9,854 34,585 295,205 52,079 9,854 34,585 378,031 52,079) 370,391 31.382 51,444 Total net as5els 287,565 31,382 51,444 21 Flnancial Instruments Categorisation of financial Instruments 2024 2023 Financial assets measured al fair value through profit or loss 37,716 34,585 Financial assets measured at fair value comprise listed investments. Page 32
Exeter Community Initiatives Notes to the Financial Statements for the Year Ended 31 March 2024 22 Related party transactions During the year the charity made the following related party transactions: Alan Broughton Made donations of £6,250 lo the charily. At the balance sheet date the amount due tolfrom Alan Broughton was £Nil (2023 - £Nil). Sheila Swarbrick Made donations of £800 lo Ihe charity. Al the balance sheet date the amount due tolfrom Sheila Swarbrick was £Nil12023 - £Nil). Page 33