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
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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
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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.
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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
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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.
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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)
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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.
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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 OVe￿helmed 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.
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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.
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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 prO￿dureS 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.
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Exeter Community Initiatives
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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 reSoUr￿s.
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.
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Exeter Community Initiatives
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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.
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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
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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
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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 othe￿iSe
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 be￿een 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