Docusign Envelope ID.. BCC1 F64&A7C24DA7-A934-313FOD9A3A90 TOUCHSTONE COMMUNITY DEVELOPMENT COMPANY LIMITED BY GUARANTEE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Company Registration Number 2971101 Charity Number 1069864
Docusign Envelope ID.. BCC1 F64&A7C24DA7-A934-313FOD9A3A90 TOUCHSTONE COMMUNITY DEVELOPMENT COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Contents Page Members of the board and professional advisers Trustees, annual report Independent Examiner's report Statement of financial activities io Balance sheet li Statement of cash flows 12 Notes to the financial statements 13-21
Docusign Envelope ID.. BCC1 F64&A7C24DA7-A934-313FOD9A3A90 TOUCHSTONE COMMUNITY DEVELOPMENT COMPANY LIMITED BY GUARANTEE MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS The board of trustees Mr. Stephen Lismore Ms. Margaret Mason OBE (Chair) Ms. Julia Mason Mr. Christopher Mitchell Company secretary Mr. Christopher Mitchell Registered office Treasures Neighbourhood Nursery 23 High Slreet Staveley Chesterfield Derb)"shire S43 3UU Bankers Unity Trust Bank PIC 19 Brindley place Birmingham B16 IAR Independent Examiner Paul Maberly FCA Mercer & Hole LLP 72 London Road St. Albans ALI INS
Docusign Envelope ID.. BCC1 F64&A7C24DA7-A934-313FOD9A3A90 TOUCHSTONE COMMUNITY DEVELOPMENT COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT YEAR EINDED 31 MARCH 2025 The trustees, some of whom are also Directors for the purposes of the Companies ACL have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 March 2025. Aims and Objectives The charity's primary aims are to provide jobs and training for deprived communities throu1 the provision of services meeting community. needs and its objectives for the public benefit during the reporting period were for the provision of childcare through our Treasures NeighbouThood Nursery. Coupled with this service we also offered jobs and training to local people wishing to pursue a career in childcare. These align with the long-tern] vision of the Charity which is to support families in need and facilitate exemplary childcare to support parents return to work. Annual objectives for th¢ year have been set to contribute directly toward these longer-terni goals. Strategies for Achieving Aims To achieve th¢s¢ aims, the charity adopt¢d the following key strat¢gies= The charity operates a children" s day nursery in Staveley, Nr Chesterfield. Derbyshire. Children s ages range from birth io age 5 years. To provide community supwrt in Slaveley These strategies are reviewed annually to ensure they remain appropriate and effective. Criteria Used to Measure Success The charitv uses a range of criteria to monitor perforn]ance and measure the success of its activities, including: l. Impact & Outcomes KPIS These measure whether the charity is aclually achieving its aims. Number of children attending the day nursery Occupancy levels Staff Ratios Families Supported 2. Income l&TIs Useful for financial and operational sustainability Total income Incotne by Type and Source Income per Age Group
Docusign Envelope ID.. BCC1 F64&A7C24DA7-A934-313FOD9A3A90 TOUCHSTONE COMMUIYITY DEVELOPMEIYT COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2025 3. Financial Health KPIS These help trustees demonstrate sound financial management Operational Income Operating surplusldeficit Overhead Analysis Administration cost ratio Cashflow 4. Governance & Compliance [lS To support strong management and accountability. Board meeting attendance rates Timeliness of statutory filings Completion of trustee training Risk management compliance indicators Significant Activities Undertaken During the year, the charity delivered the following principal activities= The provision of childcare through our Treasures Neighbourh(Trod Nursery Jobs and training to local people Nl'ishing to pursue a career in childcare These activities were directly aligned with the charity's objectives and delivered measurable local benefit. Social Investment Policies The charity aims to provide community sessions to help the local community support childcare and educational provision. These prioritise social outcomes over financial return and are monitored regularly to ensure alignment with strategic goals. Short-term and Long-term Objectives Short-tenll plans include improvements in the facilities while long-tern] objectives focus on expanding the activities and range of services provided. Objectives set for this reporting period form part of a broader multi-)'¢ar plan and are aligned with the charity's strategic roadmap.
Docusign Envelope ID.. BCC1 F64&A7C24DA7-A934-313FOD9A3A90 TOUCHSTONE COMMUNITY DEVELOPMEIYT COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Financial Review Reserves Policy The trustees regularly revieiv the reserves policy io ensure financial stability. i) Level of Reserves and Rationale As at year-end, the charity held £438,618 in reserves. These reserves are consideTed necessary to: Meet future operational commitments. Mitigate financial risks. Ensure continuity of services in the event of income fluctuations. ii) Total Funds Held Total funds at year-end amounted to £438.618. iii) Restricted Funds As the year end the charity had no restricled funds. iv) Funds Tied Up in Tangible FiIed Assets An amount of £271,421 is represented b). tangible fjxed assets which cannot be realised without impacting operational capacity. v) Free Reserves After making the necessary allowance for restricted, designated, and non-liquid funds, free reserves totaled £167,197. vi) Comparison With Reserves Policy The free reserves of £167,197 are above the level identified in the reserves policy. The trustees plan to maintain a minimum reserve of £50.000. 3. Structure, Governance and Management The Trustees of the Charity are also Directors for company law purposes and met on a regular basis throughout the financial year.
Docusign Envelope ID.. BCC1 F64&A7C24DA7-A934-313FOD9A3A90 TOUCHSTONE COMMUIYITY DEVELOPMEIYT COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Governing Document Touchstone Community Development is based 23 High StreeL Staveley, Chesterfield, Derbyshire, S43 3UX which is the company's registered office and the principal address of the charity. Touchstone Community Development is a company limited by guarantee and not having a share capital {company registration No. 2971101) and Registered Charity (No. 1069864). The date of incorporation was 26 September 1994. Trustee Recruitment and Appointment We are currently looking for an increase in the number of trustees to strengthen the trust board. An assessment has been made to discover thos¢ additional skills required. New trustees will be recruited using advertising, nomination and skills audit and are appointed in accordance with the constitutional provisions. Organisational Structure and Decision-making The day-to-day operations are delegated io the senior management team, while strategic decisions remain the responsibility of the board of trustees. Key decisions are made through board meetings. Trustee Induction and Training All new tru5tee5 receive an induction programme covering: The charity's governance framework. Their roles and legal responsibililies. Key policies and procedures. Ongoing training is provided as required. Setting Pay and Remuneration The remuneration of key management personnel is deterniined by the trustees with reference to: Sector benchmarks. Performance and responsibilities. This process ensures pay is fair and in line with market standards. Related Parties and Partnerships The charity collaborates with the Margaret Mason Children I, Trust and Oakco Limited who support the activities of the charity and maintains transparent relationships with related parties. All transactions with related parties are disclosed in accordance with the SORP.
Docusign Envelope ID.. BCC1 F64&A7C24DA7-A934-313FOD9A3A90 TOUCHSTONE COMMUIYITY DEVELOPMEIYT COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Risk Management Statement The trustees recogmise their duty under the Charities Act 201 l and the Charities SORP (FRS 102) to ensure that the charity has effective risk management s}'stems in place. The board maintains an active and robust approach to identifying, assessing. and tnanaging the major risks to which the charity is e.xposed. Revieiv of Major Risks During the year, the trustees conducted a comprehensive revieiv of the principal strategic, operational, financial, compliance, and repulational risks facing the organisation. This process included= Assessment of the likelihood and potential impact of each risk. Review of the effectiveness of existing controls and mitigation measures. Identification of emerging risks and changes in the external environment. Evaluation of longer-temi risks ihal may affect strategic plans. Independent examiner Mercer & Hole will continue in office as independenl examiner for the ensuing year. Small company provisions This report has been prepared in accordance with the special provisions for small companies under part 15 of the Companies Act 2006.
Docusign Envelope ID.. BCC1 F64&A7C24DA7-A934-313FOD9A3A90 TOUCHSTONE COMMUNITY DEVELOPMENT COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Trustees, responsibilitie5 Statement The trustees (who are also directors of Touchstone Community Development for the purposes of company law) are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial 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 viem, of the state of affairs of the charitable company and of the incoming resources and application of resources, including the 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 ihen apply them consistently; observe the meihods and principles in the Charities SORP 2019 (FRS 102). make judgements and estimates that are reasonable and prudent; state whether applicable UK A¢counting Standards have been followed. prepare the financial statements on the going concern basis unle55 It 15 inappropriate to presume that the charitable coTnpany will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracj. at any time the financial position of the charitable company and enable them to ensure that the financial statements 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. In so far as the trustees are aware: there is no relevant inforniation of which ihe charitable company's independent examiner is unaware; and the trustees have taken all steps that they ought to have taken to vnake themselves aware of any relevant infomiation and to establish that the independent examiner is aare of that inforniation. tknuSvJMd by. CFEFFB85275¥J485.. M. Mason Trustee Signed on behalf of the trustees Approved bv the trustees on 27/1/2026
Docusign Envelope ID.. BCC1 F64&A7C24DA7-A934-313FOD9A3A90 TOUCHSTONE COMMUNITY DEVELOPMENT COMPANY LIMITED BY GUARANTEE tNDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES YEAR ENDED 31 MARCH 2025 Independenl Examiner's Report to the Trustees of Touchstone Community Development I report on the accounts of the company for ihe year ended J l March 2025 which are set out on pages I to21. Responsibilities and basis of report As the charity 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 requir¢d to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of mv examination of your company's accounts as carried out under seclion 145 of the Charities Acl 2011 ('the 201 l Act.). In carying oul my examination I have followed the D1ctionS given bv the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement Since the companj s gross income exceeded £250.000 Vour examiner must be a member of a b(MJy listed in section 145 of the 201 l Act. I confinn that l am qualified to undertake the examination because l am a member of the ICAEW, i¥hich is one of the listed lyxlies. I have completed my e.knnlnation. I confim] that no matters have come to my attention in connection i¥ith the examination giving me cause io believe that in any material respect: accounting records were noi kept in respect of the company as required by section 386 of the 2006 Act: or 2. the accounts do not accord with those records: or 3. the accounts do not comply 'Ith the accounting rwuirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination" or 4. the accounts have not been prepared in accordance with the methIS and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concems and have come across no other matters in connection with the exarnination to which attention should be draw'n in this report in order to enable a proper understanding of the accounts to be reached. Docuswd br. 74F55C8337D6408 Paul Maberly Mercer & Hole LLP 72 London Road St. Albans Hertfordshire ALI INS 27/1/2026
Docusign Envelope ID.. BCC1 F64&A7C24DA7-A934-313FOD9A3A90 TOUCHSTONE COMMUNITY DEVELOPMENT COMPANY LIMITED BY GUARANTEE STATEMEIYT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2025 Total Total Funds Funds Year Year to 31 10 31 Mar Mar 2024 £ 2025 £ Unrestricted Restr Funds Funds Note Income Grants and Donations Investment incotne Charitable activities 185J55 185J55 4,496 626,832 812.187 626,832 812.187 428,474 Total incoming resources 432,970 ExDenditure on Raising Funds Charitable activities 532,446 532,446 450,830 Total resources expended 532,446 532,446 450,830 Net incoming/(outgoing) resources before transfers 279,741 279,741 (17.860) Transfer between funds Net movement in funds Funds brought forward 279,741 158,877 279,741 158,877 (17.860) 176,737 Funds carried fOard 438,618 438,618 158,877 The charity has no recognised gains or losses other than the results foT the year as set out above. All of the activities of the charity are classed as continuing. The notes on pages 13 to 21 form part of these financial statements. 10
Docusign Envelope ID.. BCC1 F64&A7C24DA7-A934-313FOD9A3A90 TOUCHSTONE COMMUNITY DEVELOPMENT COMPANY LIIWTED BY GUARANTEE BALANCE SHEET YEAR EIWED 31 MARCH 2025 2025 2024 Note Fixed assets Tangible assets io 271,421 57,081 Current assets Debtors Cash at bank and in hand li 18,028 262,063 6,046 113,376 280.091 119,422 Creditors: amounts falling due ithin one year 12 (112,894) (17,626) Iyet eurrent assets 167,197 101,796 Total assets less current liabilities 438,618 158,877 Net assets 438,618 158.877 Funds Restricted Unrestricted- general reserves 13 13 438,618 158,877 TOTAL FUNDS 438,618 158,877 For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors responsibilities= (i) The members have not required the company to obtain an audit of its accounts for the year in question in accordance w'ith section 476; and (li) The directors acknoi¥ledge their responsibilities for complying ivith the requirements of the Act Thith respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. These financial statetnents were approved and authorised for issue by the members of the trustees and are signed on their behalf by.. Do¢s]ned by. M. Mason Trustee Company Registration Numb¢r: 297110 I Date 27/1/2026 CFEFFB85279J485 The notes on pages 13 to 21 form part of these financial statements
Docusign Envelope ID.. BCC1 F64&A7C24DA7-A934-313FOD9A3A90 TOUCHSTONE COMMUNITY DEVELOPMENT COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2025 2025 £000 2024 £000 Note Cash flow from operating activities 17 407,443 64,704 Cash flow from investing actii'ities Payments to acquire tangible fixed assets (258.756) (4,726) Net cash flow from investing activities (258,756) (4,726) Cash flow from financing activitie5 Cash used in financing activities Net cash flow from financing aetiyities Net increase in cash and cash equivalents 148,687 59,978 Cash and eash equivalents at l April 2024 13,376 53,398 Cash and cash equivalents at 31 March 2025 262,063 113,376 The notes on pages 13 to 21 forni part of these finaneial statement5 12
Docusign Envelope ID.. BCC1 F64&A7C24DA7-A934-313FOD9A3A90 TOUCHSTONE COMMUIYITY DEVELOPMEIYT COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Accounting policies The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as folloi¥s= Company information Touchstone Community. Development is a company limited by guarantee not having a share capital. The company's registered office is. 23 High Street. Staveley, Chesterfield, Derbyshire, S45 3UX. the Memorandum and Articles of Association, had undertaken to contribute the sum not exceeding £ l in the event of a winding up of ihe company. 1.1 Accounting convention These accounts have been prepared in accordance with FRS 102, "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 10?"). "Accounting and Reporting by Charities" the Statement of Recommended Practice for charities applying FRS 102, the Companies Act 2006 and UK Generallv Accepted Accounting Practice as it apples from l January 2015. The charity is a Public Benefit Entity as defined by FRS 102. The accounts are prepared in Sterling which is the functional currency of the company Monetary amounts in these financial statemenls to the nearesl £. The accounts have been prepared on historical cost convention apart from freehold property that is carried at mark¢t valu¢. The principal accounting policies adopted are set out below. These are accounts for the y¢ar ended 31 March 2025 prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. 1.2 Going concern At the time of approving the accounts, the Direclors have a reasonable expectation that the charity has adequate resources to continue in operational exislence for the foreseeable future. Thus the Trustees continue to adopt the going concem basis of accounting in preparing the accounts. 1.3 Charitable Funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity. Designated funds are unrestricted funds earniarked bj the TteeS for particular purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or throu the tems of an appeal. 13
Docusign Envelope ID.. BCC1 F64&A7C24DA7-A934-313FOD9A3A90 TOUCHSTONE COMMUNITY DEVELOPMENT COMPANY LIMITED BY GUARANTEE NOTES TO THE FtNANCIAL STATEMENrs YEAR ENDED31 MARCH 2025 1.4 Incoming resources All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified ivith reasonable accuracy. Gifts in kind have been included at market value of gifts received and in assets acquired. No amounts are included in the financial statements lor services donated b). volunteers. 1.5 Resources expended All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relating to the categot)-. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. Fund-raising costs are those incurred in seeking voluntary contribulions and do not include the costs of disseminating inforn]ation in the support of the charithble activities. 1.6 Debtors Trade and other debtors are recognised at the settlement amount due after any trade discounts offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.7 Cash and cash equivalents Cash and cash equivalents include cash in hand. deFK)sits held at call with banks, other short- term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrom'ings in current liabilities. 1.8 Creditors and provisions Creditors and provisions are r¢cognis¢d M,here the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to sellle the obligation can be measured or estimated reliably. Creditors and provisions are norn]ally recognised at their settlement amount after allowing for any trade discounts due. 1.9 Financial instruments The charity has financial assets and financial liabilities of a kind that qualif). as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Derecognilion offinanciol liabililies Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holida)- entitlement Is recognised in the period in which the employee's services are received. Tennination knefits are recognised immediately as an expense when the company is demonstrably commilled to terminate the employment of an emplo!e¢ or to provide tennination benefits. 1.11 Taiation The charity is exempt from tax on income and gains falling with section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 14
Docusign Envelope ID.. BCC1 F64&A7C24DA7-A934-313FOD9A3A90 TOUCHSTONE COMlWtUNITY DEVELOPMENT COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 1.12 Depreciation Individual fixed assets are capitalised at cost and are depreciated over their estimated useful economic as follows-_ Asset category Leasehold Property (Straight Line Basis) Office Equipment (Reducing Balance) Computer Equipment (Reducing Balance) Annual rate 200/0 Critical accounting estimates and judgements In the application of the charity's accounting policies, the directors are required to make judgements, esiimaies and assumptions about the carrying amount of assets and liabilities that are not readilj. apparent from other sources. The estimated and associated assuinptions are based on his(orical experience and other faclors that are considered to be relevant. Actual results mav differ from these estimates. Grants and Donations Total Funds Year to 31 Mar 2025 Total Funds Yearto31 Mar 2024 Unrestricted Funds Restricted Funds Donation 185J55 185J55 185J55 18iJ55 4,496 4,496 Incoming resources from the charitable activities Total Funds Total Funds Unrestricted Restricted Year to 31 Yearto31 Funds Funds Mar 2025 Mar 2024 Nursery Fees and Funding Other 625,905 927 625,905 927 420,377 8,097 626,832 626,832 428,474 15
Docusign Envelope ID.. BCC1 F64&A7C24DA7-A934-313FOD9A3A90 TOUCHSTONE COMMUNITY DEVELOPMENT COMPANY LIMITED BY GUARANTEE IYOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Interest receivable Year to 31 Mar 2025 Yearto31 Mar 2024 Bank interest receivable (unrestricted) Total resources expended Training costs RenL rates, premise & insurances Repairs, renewals and cleaning Food. materials. equipment and protective clothing Telephone. stationer! & project admin Publicity and promotions Legal and professional fees Subscriptions Sundry expenses Management fees Bank charges Bad debt expense Equipment hire Wages and associated costs Depreciation Impaiment losses to Long-Term Leasehold Property 2J03 43,105 22,351 17,)41 5,696 540 8J37 1,571 877 20,196 8,533 16,774 7,635 194 6,452 1,039 83 25,649 322 338 756 624 3,212 359,991 307,744 44,416 32,047 44,950 532,446 450,830 Expenditure on charitable activities ivas £532,446 (2024: £450,830) of which £nil was restricted (2024: £nil} 16
Docusign Envelope ID.. BCC1 F64&A7C24DA7-A934-313FOD9A3A90 TOUCHSTONE COMMUNITY DEVELOPMENT COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANcL STATEMENTS YEAR ENDED 31 MARCH 2025 Net (expenditure)/income Net (expenditure)lincome for the year is stated after charging/(CTediting): 2025 2024 Independent Examiner's F¢¢s tkpreciation 1,500 44,416 1,500 32,047 Directors and kev management personnel During the year Truslees did not receive remuneration. The key management personnel of the charity consist of the Trustees, professional advisors and ihe Chief Executive Officer. 17
Docusign Envelope ID.. BCC1 F64&A7C24DA7-A934-313FOD9A3A90 TOUCHSTONE COMMUNITY DEVELOPMENT COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANcL STATEMENTS YEAR ENDED 31 MARCH 2025 9. Employees The average number of staff employed by the charity during the financial year amounted to: Year to 31 Mar 2025 Year to 2024 Direct Charitable Staff Governance 20 19 20 19 The aggregate payroll costs were: Year to 31 Mar 2025 Yearto31 Mar 2024 Wages and salaries Social security costs Pension costs 339,286 li,102 5,603 290.836 12,517 4,391 359,991 307,744 No employee earned more than £60,000 per annum. One trustee IaS reimbursed for expenditure of £10,568 incurred personally on behalf of the company (2024: nil). Please see note 15 for all other related party disclosures. 18
Docusign Envelope ID.. BCC1 F64&A7C24DA7-A934-313FOD9A3A90 19
Docusign Envelope ID.. BCC1 F64&A7C24DA7-A934-313FOD9A3A90 TOUCHSTONE COMMUNITY DEVELOPMENT COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 10. Tangible fixed assets Long-Tern] Leasehold OfFice Propety Equipment Computer Equipment Total Cost l. April 2024 Additions 475.540 254,789 730 29 75,776 3.967 4,469 555,785 258.756 At 31 March 2025 814541 Depreciation and impairment At l April 2024 Charge for the year Impairnient1055es At 31 Match 2025 451,540 30,146 43,210 14.167 3.954 498,704 44.416 481,686 57 77 543 120 Net value at 31 Mar¢h 2025 248,643 22 J66 32.566 412 271,421 Net value at 31 March 2024 515 11. Debtors 2025 2024 Trade Debtors Prepayments 11,060 6,968 2,065 3,981 18,028 6,046 12. Amounts falling due within one year 2025 2024 Trade Creditors Accruals Other Creditors 38,910 5,587 68J97 3.813 413 13,400 112,894 17,626 20
Docusign Envelope ID.. BCC1 F64&A7C24DA7-A934-313FOD9A3A90 TOUCHSTONE COMMUNITY DEVELOPMENT COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 13. Statement of funds At I April 2024 Incoming At 31March 2025 Outgoing Transfers General reserve li8.877 812,187 (532,446) 438,618 Total unrestricted funds 158,877 812,187 (532,446) 438,618 Restricted Funds Total restricted funds Total funds 15&877 812,187 (532,446) 438,618 14. Analysis of net assets between funds Tangible rixed assets Other net assets Total Unrestricted funds General reserve 271,421 167,197 438,618 Restricted funds 271,421 167,197 438,618 15. Related party transactions Income During the year, the charity received a donation of £9.798 (2024: £nil) from a Oakco Limited, a companv where Margaret Mason (Trustee) is a director. The charity also received a donation of £175,000 from Breedon House Nurseries Limited. a company where Margaret Mason was a director during the year. enditure The charit). leased a property during the year from ALM Properties Limited, which is owned by Alan Mason, with a total rent of £18.451 paid in the period. Alan Mason is the son of Margaret Mason. The transaction lias conducted at arms length. A management fee of £25.659 was paid to Oakco Limited in the year. a company where Margaret Mason (Trustee) is a director.
Docusign Envelope ID.. BCC1 F64&A7C24DA7-A934-313FOD9A3A90 TOUCHSTONE COMMUNITY DEVELOPMENT COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 16. Operating lease commitments At the reporting end date the charit), had outslanding commitments for future minimum lease paymenls under non-cancellable operating leases, ii'hich fall due as follo1s. 2025 Within one year Between two and five years Later than five years 26,000 104.000 501,800 17. Reconciliation of net incornel expenditure to net cash flow from operating activities 2025 2024 Net income l (expenditure) for year / period 279,741 (17,860) Depreciation and impainnent of tangible fixed assets (Increase) / decrease in debtors Increase / (decrease) in creditors 44.416 (11.982) 95,268 76.997 2,587 2,980 Net cash flow from operating activities 407.443 64.704 22