REGISTERED COMPANY NO: 04155933 Registered Charity No: 1087692 JOHN STORER CHARNWOOD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 JOHN STORER CHARNWOOD CONTENTS Report of the Board of Trustees Page2-11 Independent Examlners Report Page 12 Statement of Financial Actlvltles Page 13 Balance Sheet Page 14- 15 Statement of Cash Flows Page 16 Notes to the Financial Statements Page 17- 31 JOHN STORER CHARNWOOD REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Board of Trustees presents its report and financial statements for the year ended 31 March 2025. REFERENCE AND ADMINISTRATIVE INFORMATION Charity Name.. John Storer Charnwood Charity Registration Number.. 1087692 Company Registration Number.. 04155933 Board of Trustees The directors of the charitable company are Its Trustees for the purposes of charity law. The Trustees who have served during the year and since the year end were as follows: Mrs M Chaggar Ms M Khandelwal Mrs S Leong (Chalr) Mr J West (Treasurer) Mr A Hull Mr K Pyne Mr E Harris MrMCMee Mr R Hassall (appointed 7 October 2024) Mr I Stewart (appointed 7 October 2024) Mrs S Forr8St (appointed 7 October 2024) Mrs W Smith (appointed 7 October 2024) Observers appolnted by Charnwood Borough Councll Cllr S Goode Cllr J Bokor Chlef Officers and Secrotary - Mrs K Frostick (Dlrector and Secretary) Regl8tered Offlce . John Storer House, Wards End. Loughborough, Leicestershlre, LE113HA Accountants - The Rowleys Partnership Ltd, Chartered Accountants, Charnwood House. Harcourt Way, Meridian Busin8ss Park, L8lcester, Leicestershire, LE19 1WP Bankers- Unity Trust Bank, 9 Brindley Place, Blrmingham, 812HB and National Westminster Bank Plc, Market Place, Loughborough, Lelcestershlre Sollcltors- Moss Solicitors. 80-81 Woodgate, Loughborough, Leicestershir8, LE112XE JOHN STORER CHARNWOOD REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 {Contlnued) The Trustees present their report and the independently examined financial statements of the charity for the year ended 31 March 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice {SORP) "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's goveming document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charitles preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland published In October 2019. OBJECTIVES AND ACTIVITIES To lead, promote and develop sustainable voluntary activity in the local community and act as a resource for voluntary groups and organisations in the Borough of Charnwood. Operates a variety of services and activili8s including well-being projects. a community cafe and a transport service. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng Document The Charity is a company limited by guarantee. It was incorporated on 7 February 2001 under a Memorandum of Association and is governed under its Articles of Association. In the event of the Charity b8ing wound up, the liabillty in respect of the guarantee is lirnited to £10 per member of the Charity. Recrultment and Appointment of Trustees The directors of the company are also charity Trustees for the purposes of charity law and under the company's Articles are known as "The Trustees.. Since 2007, at the AGM approximat81y one third of the Board of Truslees stands down and there are elections to fill the vacant places. All full members of John Storer Charnwood (JSC) may stand for electlon and hav8 a vote in the elections. Additionally, individuals who have relevant skills and experience are 'head- hunted, and invited to join the Board, typically as COwOPtees in the first instance. Trustee Inductlon and Tralnlng In the year ended 31 March 2025, Trustees continued implementation of the Code of Good Governance for voluntary organisations. Thore is an induction programme for new Trustees. which is tailored lo their particular needs end all Trustees are requested lo allend safeguarding training. Rlsk Management The Trus188s hav8 examined Ihe major strategic business and operational risks which the Charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to minimise these iisks. JOHN STORER CHARNWOOD REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (Contlnued) Organisational Structure The charitable company has a Board of Trustees that meets regularly and is responsible for the governance framework and the stralegic direction and policy of the Charity. At the year- end the Board had 12 members from a variety of professional backgrounds relevant to the work of the charity. The Director (also Secretary) slt on the Board but has no voting rights. In January 2006 Trustees approved a detailed Scheme of Delegation, which sels out the hierarchy of powers from the membar organisations at the top, through the Board of Trustees they elect. The powers go down to the Resources Committee, which is an Executive Committee to which the Board devolves some of its powers, and on to the Directors and then to Team Leaders and other staff. In 2019 the Board created non-operatlonal Trustee portfollos which give the opportunity for Trustees to offer their skills. expertise and 5UPPOrt to the staff team for their allocated portfolio i.e., PersonnellPolicieslStaff and Volunteer Development and Welfare. Legal Matters, Well-being and Development, Fundraising, Business Development, Quality. Impact and Compllance and John Storer House (bulldlng development and maintenance). Following the departure of the Chief Executive in February 2015 the Board appointed two Directors: a Director of Business Development and a Director of Corporate SeNlces. This was changed to just one Director in July 2019. The Trustees hav8 an annual cycle of meetlngs of the Board and Resources Commlttee, each of which has a Éheme. This includes a full annual planning cycle wilh monitoring and review of performance throughoul the year. Achlevements and Performance For The Benefll of The Publle We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activilies. In particular, the Trustees conslder how planned activitles will contribute to the aims and objectives they have set. During the year the Charity has continued to develop services for the well-being of individuals and communities in Chamwood. JSC continues to respond to the needs ofthe wider Charnwood communities, working in partnership wilh oth8rs to provide timely, effective and relevant services. JSC also contlnues to seek more self-generated income from the sales of services. JOHN STORER CHARNWOOD REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (Continued) Achievements and Performance For The Benefit of The Public- conlinued The past years have been characterised by development and, to some degree, expansion. Most services are back to pr8-Covid levels, with some overtaking their previous best. The amalgamatlon b8tween John Storer Charnwood and John Storer House Foundatlon has given us the confidence and stability to invest in the fabric of John Storer House and the olher JSC assets. Our ageing building presents constant challenges, but we are committed to make improvements to ensure that we are future proofing the organisation. With the approach of our 60th anniversary in 2026, we are already beginning to plan the festivities, and we want the building to be the best it can be as we celebrate this amazing milestone. In November. we benefitted by £88,367 from the Govemment Energy Efficiency Scheme. This has paid for LED lighting, a solar battery, 117 solar panels and air source heat pumps for key first floor rooms. During Ihe summer months we looked forward to generating enough electrlclty to malntain the building. The centre continues to be at the heart of the communlty, wlth all services performing well, and with many looking to expand. The next few years may see significant developments in what we offer, but our customers and clients can rest assured that we will always offer the same impeccable service and care. As ever. we have also played our part in th8 community.. Responded to call to act as emergency centre for those evacuated in the floods on 7th January. Hosted high tea for Loughborough In Bloom including reception for 75 people Sncludlng judges. Hosted Iwo days of Judges, briefings for Britain In Bloom and East Midlands in Bloom at our allotments Menopaus8 Walk and Talk left from JSH in October Hosted Potato Day in January Hosted a Sustainable Travel Roadshow in January Took part in pilot Loughborough Pride event Had a stall at the Mela on 25th August. Hosted three events for Loughborough University including activity surveys,1Sfestyle surveys and technology research. Record attendances for the weekend celebrations of Falr Week with the model fair remaining a huge attraction, Facilitated the Remembrance events In November. JOHN STORER CHARNWOOD REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (Continued) Servlces: Well-being continues to see significant growth. All well-being sessions are now pretty much al capacity, and we are again looking to expand where possible. Two highlights of the year: our THYME allotments won the regional East Midlands in Bloom award for Most Inspirational Project and the flourishing of our Drama Llama5 productions - this year being "When you Wish Upon a Star" and "Jack & the Beanstalk.. Room hire has seen a good mixture of lets this year. The Bridge {East Midlands) and Business 2 Business are long-term hirers. We have also had 27 one-off hires, 11 repeat hirers and 35 regulars. Our Changing Places bathroom is now listed on the country-wide website and is used. We are off8ring a "safé. quiet space" to a local school for children who need to learn away from other children. Three successful new groups this year are Darts for All (new helght-adjustable dart boards In the Jubilee Room), Ben Holmes Counselling, and the Crochet Club. Keep fit goes from strength to strength with our extra keep fit sessions already full. We have seen that it's very hard to start a new group- eitherfor the community or as a small business. Recognising this, we now offer inltlatives to help to get started: a free startup period, pay by attendee, or free use of the Café. The Community Café is increasingly busy. More diverse groups using the café, with Saturdays extremely popular with families, as the Dr Lego group continues to thrive. The menu is clear and there is a pictorial menu for any customers whose first language may not be English. We served 49,212 drinks - with mugs of tea at just £1 each - and 38,1571ow- priced meals in the last year. We will always keep low-priced options to allow people who might struggle to afford gettlng out to a café a chance to socialis8 in a wam dry safe space. We also maintained our 5. Food Hygiene rating, after our CBC inspection, which also applies to Your Store and the Your Store mobile vehlcle. Demand for Community Transport continues to be strong. with the challenge always being able to recruit 8nough volunteer drivers. In 2024-25, wg completed 7.849. Social Car Scheme journeys which included 955 hospital runs. Our minibuses are very busy too. We completed 6,068 minibuslourneys during this tlme. this was a 1,710 increase on the previous year. We currently have 150 volunteers registered, but we also have ad hoc and standby volunteers, as well as 8 dedicated just to fundraising. We are still looking to increase numbers with several areas identified for development. As well as a pre-existing range of volunteer roles. we created some new roles this year- for example: Storytelling volunteers - collecting stories from service users and volunteers., Eyes and Ears volunteer- for the early evening period lo help monitor use of the building, eBay and Vinted Seller5-helping us to gain more from some of the more valuable or unusual items we have been donated and an admin volunteer who has been working on improvlng our system for keeping volunteer records securely and accurately. JOHN STORER CHARNWOOD REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (Continued) Services: . continued Training offered during the period: Confidentiality & Boundaries (1) Equallty, Diversity and Indusion (1) Managing Volunteers, 2-day course in 2024 and 2 half day courses for 2025. Emergency First Aid Level 3 Keeping people safe- an introduction to Safeguarding aims to give staff & volunteers an understanding of how adults may be at risk of harm and covers good safeguarding praclices Pollcy into Action (Advanced Safeguarding) is designed for managers with responsibility for writing Safeguarding policies and putting them into practice. Promoting voluntary action in Charnwood: Our VCS support programme helps ensure voluntary sector organisalions in Charnwood are indlvidually more efficient and sustalnable. We are working in partnership with Voluntary Action Leicestershire and Charnwood Borough Council to develop new initiatives. Shepshed We have expanded the volunteer centre's operating hours. In additlon to being open from 9 am to 12 pm, we are now also open on Wedn8sday and Thursday afternoons until 3 pm to better serve community groups. During these times, volunleers and staff 8re on hand to provide guidance and local information. We started our Digital Drop-ln programme In January, and so far. we've had 10 registrations and 14 visits for digltal help. The main help requested has been about the basics of using a smartphone. Also, we are proud to be part of the National Data Bank, which lets us glve SIM cards with data to those without internel access. To enable residents lo maintain their gardens where, due to age, dlsablllty or long-t8rm illness, they are unable to do so themselves: We managed ten gardens with the help of seven volunteer gardeners last year. To reduc8 isolation amongst people with support needs and older people: Our befriendino proqramme has been upgraded with the introduclion of an online referral syslem, now accessible via the NHS-developed Joy app. Detalls regarding this new process have been shared with the social prescriber and Local Area Coordinator. Currently. our befriending initiative includes twelve partnerships (increased by 71 /0 on LY). Currently have a waiting list of six clients. We are actively trying to recruit befriending volunteers. Currently, our transport scheme asslsts 245 residents, showlng a 360/0 growth compared to last year. Our team of 12 volunteer drivers completed 1,255 trips (up by 15¥.1, traveling 13.248 miles (increased by 36°/o>. The journeys encompassed 609 hospital visits, 350 health appointments. 290 social engagements, and 6 personal care appointments, with an average trip distance of 10.5 miles. JOHN STORER CHARNWOOD REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 {Continued) Shepshed- continued Through the Summer Holidays we opened ourwellbeing gard8n up once perweek to families. This is an opportunity for getting outside and exploring natu￿, outdoor play and an opportunity for Gare givers to connect when other toddler groups are Closed for the summer. We put on an East8r trail over the Easter school holidays which brought 25 families into the town centre. The feedback was positive. We successfully hosted our annual events. Shepshed Open Gardens and Scare Sheep Festival. We have a small gardening group thal started in March to begin Cultivating and caring for the garden. This year, alongside the vegetables, we plan to grow cut flowers to sell as fundraising initiative. Additionally, we aim to explore more efficient ways to use the harvested produce for the community's benefit or to generate revenue for the c8ntre. We have 8 craft and chat group that has been runnlng throughout the year. We have on average 4 people attend this group. We have supported olher VCS organlsatlons by applying for DBS checks, This year we have assisted both the Glenmore Centre and Shepshed Community Bus int this way. FINANCIAL REVIEW The total income resources for the year were £990,349 (2024: up from £858,471). The total resources expended were £912,92212024: down from £941,059) resultlng in an overall surplus of £77,427 before movement on pension provision of £2.35212024 was an overall deficlt betse movement on pension provislon of £82,588). The surplus for the year incorporates a Grant from the Energy Efficiency Scheme of £88,367. In accordance with SORP the expenditure has been capitalis8d and will be depreciated over 10 years. The income has been placed in a separate Designated Fund and the annual depreciation charged against it. The net effect has been to increase the surplus for Ihe year by £79,530. Without this exceptional item, there would have been a small deficit of £2,103. before movement on pension provision. Unrestricted income for the year was £769,015 and expenditure was £610,591, resultlng in a surplus for the year before movement on pension provision and transfers of £158,424. The carryforward wa5 £1,036,437 of which £524.869 is designated funds, as detailed in note 16. £3,705 (2024: £1,353) of negative pension reserves and £516,273 general free reserves. Restricted fund income was £221,334 and the restricted fund balances at the end ofthe year were £71,072. JOHN STORER CHARNWOOD REPORT OF THE BOARD OFTRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (Continued) PENSIONS John Storer Charnwood is a member of a defined benefit multi-employer scheme. The total deficit of the whole scheme as at 30 September 2020, date of the last full actuarial valuation. this valuation showed assets of £800.3m. liabilities of £831.9m and deficit of £31.6m. Further details can be found in note 18 on pages 28 and 30. As noted above, changes Introduced in the new Charities SORP require the future agreed pension contributions to be provided in the accounts (previously this liability was disclosed as a note to the accounts). This introduced a provision and an equal and opposite 'negative' reserve on the balance sheel of £3,705 (2024: £1,353). The current debt recovery period has a further 1 year to run with agreed annual pension deficit recovery payments set out over that period. John Storer Chamwood now operates a defined contribution scheme. Staff entry to the scheme Is governed by the AutO-Enrolment rules and employer contributions are charg8d as they are Incurred. PLANS FOR FUTURE PERIODS 2024125 and Looking Into tho Future We are looking at a period of development for JSC. We are happy lo report that Well-being seNices are thriving, as is community transport, although finding additional volunteer drivers to meet demand is a challenge. The café, too, seems to have undergone somewhat of a renaissance. particularly on Saturdays, and when phase 2 of the kitchen redevelopment is completed. this will hopefully show further slgns of improvement. The post-covld theme is about finding new opportunlties and responding to new needs - not standin9 Still, not being content with what has always been. JOHN STORER CHARNWOOD REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (Continued) RESERVES The Trustees have reviewed the reserves held by John Storer Charnwood as at 31 March 2025. This review encompassed the nature of the income 2nd expenditure streams, the need to match variable income with fixed commitments and the nature of the reserves. The review concluded Ihat the Charity needs reserves both to enable It to progress its long tem aims and to protect its current activities. in order to allow Ihe Trustees to meet their responsibilities and ensure that it continues to operate on a going concern basis. The Trustees have examined the needs, risks and challenges faced by the Charity in both the short term and the medium term and hav8 formulated a policy to meet those needs, which are satisfied by the level of unrestricted reserves of£1,036,437 at the balance sheet date, £515.273 being general free reserves. The reserves levels have been reviewed across all three reserves - restricted, unrestricted designated, and unreslricted general free reserves. As noted above, a'negative, reseNe was introduced in respect of the pension liabilities. Trustees have adopted a joint reserves policy. JSC restricted balances malnly relate to on-going projects and cost centers. JSC designated balances relate to wellbeing development, community transport, complementary public transport. service development. building improvement. Energy Efficiency Scheme and the net book value of tangible fixedass8ts. The unrestricted general free reserves are available to Trustees to supplement shortfalls in the year or in planning future years. INVESTMENT POLICY Under the Articles of Association, the Charity has the power to invest in any way the Trustees wish. EMPLOYEE INVOLVEMENT AND EMPLOYMENT OF DISABLED PEOPLE Employ8es have been consulted on Issues of concern to them by m8an5 of regular Staff Meetings and have been kept informed on specific matters dlrectly by management and through the JSC Staff Employrnent Manual. The charity has implemented and updated a number of detailed policies In relation to all aspects of personnel matters and operalional procedures. A r8vised and updated JSC Staff Employment Manual (containing all JSC policies) and Health and Safety Policy have been made available to all staff. In accordance wlth the charlty's equal opportunlty policy. the charity has long established fair employment practices in the recruitment, selection. retention and training of disabled staff. Full details of these pollcies are available from the charity's offi'ces. 10 JOHN STORER CHARNWOOD REPORT OFTHE BOARD OFTRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (Continued) RESPONSIBILITIES OF THE TRUSTEES The trustees (who are also directors of John Storer Charnwood 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 Ihat they give a true and falr view of the state of affairs of the Gharilable company and of the incoming resources and applicatlon of resources. includlng the income and expenditure, of the charitable company for that period. In preparing these financial Statements, the trustees are required to.. select suitable accountlng polici8s and then apply them consistently., observe the methods and principles in the Charities SORP 2019 {FRS 102); mak8 judgements and estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed; prepare the financlal statements on the going concem basis unless it is inapproprlate to presume that the charitable company will conllnue In operation. The trustees are responsible for keeping adequate accountlng records that dlsclose with reasonable accuracy at any time the financlal position of the charitable company and enable them to ensure that the financlal statements comply wilh the Companles 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. SMALL COMPANY PROVISIONS This report has been prepar8d in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financlal Reporting Standard appllcable in the UK and Republic of Ireland {FRS 102) leffectlve 1 January 2019) and in accordance with the special provlslons for small companles of Part 15 of the Companies Act 2006. Approved by the Board of Trustees on 6 Odobu- 902 and slgned on Its behalf by: £ Loc) MRS S LEONG (C Ir) MR J R WEST (Trea5urerj JOHN STORER CHARNWOOD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JOHN STORER CHARNWQOD I report to the charity Trustees on my examination of the accounts of the company for th8 year ended 31 March 2025 which are set out on pages 13 to 31. Responslbllities and basls of report As the charity Trustees of the company {and also its directors for the purposes of company law) you are responsible for Ihe preparation of the accounts in accordance with the requirements of the Companies Act 2006 (the 2006 Act,). Having satisfied myselfthat the accounts ofthe company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination ofyour company's accounts as carried out under section 145 of the Charities Act 2011 (the 2011 Act.). In carrying out my examination I have followed the Directlons given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examlner's statement Slnce the company's gross Income exceeded £250,000, your examiner must be a member of body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of ICAEW, which Is one of the listed bodies. I have completed my examlnatlon. I confirm that no matters have come to my attention in connectlon with the examination glvlng me cause to believe that In any materlal respect: accounting records were not kept in respect of the company as requlred by section 386 of the 2006 Act: or 2. the accounts do not 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 matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance wlth the methods and principles of Ihe Statement of Recommended Practlce for accounting and reporting by charities [applicable to charities preparing thelr accounts in accordance with the Financial Reporting Standard appllcable in the UK and R8publlc of Ireland {FRS 102)]. I have no concerns and have come across no other matters In connection with the examination to which attention should be drawn in this report in order to enable a propor understanding of the 8ccounts to be reached. T LLJ Lisa Parkes FCA FCCA ICAEW The Rowleys Partnership Ltd Chartered Accountants Charnwood Housè Harcourt Way Meridian Business Park Leicester LE19 1WP Date.. 12 JOHN STORER CHARNWOOD STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expendlture Account) roR THE YEAR ENDED 31 MARCH 2025 Note Unrestrlcted Funds Ro*icted Funds Total 2025 Total 2024 Income and ondowments from ActiKities for generating fvnds Voluntary income Bank deposlt Interest Incomlng resc￿rGe5 from chadtable actimtles 231,525 24,264 43.290 12,014 33.064 243,539 57,328 43,290 233,112 46,745 18,132 469,938 176,256 646,192 560,482 Total Incomlng r080ur¢os 769,015 221,334 990,349 858,471 Expondltur• on Cost of genaratlng fijnds Charitable 8CtiMtles GO￿rnanCe costs 75,526 430.324 104,741 662 301,669 78.188 731.993 104,741 63,833 731,754 145,472 Total r980urce8 •xp•nded 610.591 302,331 912,922 941,059 Actuarlal galnslllos8esl on dgflned bengflt pon￿On 8chem• 18 2,352) 12,352 Net InGomel(expondlturo) 156.072 180.9971 75,075 181,0441 Galn on acqulslllon 20 206.639 Transfers betwo•n funds 16 (12.297 12,297 Net m0￿MentS offvnds 143.775 {68,7001 75,075 125,595 Reconclllallon of funds Total funds brought fomard 892.662 139,772 1,032,434 906.839 Total funds carrled forward 1,036.437 71,072 1,107,509 1.032,434 13 JOHN STORER CHARNWOOD BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Fixed Assets Tangible assets 11 182.623 109,595 182.623 109.595 Current Assgts Stocks Debtors Cash al bank and In harKI 2.600 39.669 938,198 2,350 34,296 926,334 12 980.467 962,980 Llabllltlfrs Credltors: arrounts fallng due within one year 13 38,788 N•t Curr•nt Assats 928.591 924,192 1.111,214 (3.705) 1,033,787 (1.353) Pro￿810n8 18 Total Assots Curr•nt Llabllltle• 1,032.434 Fund• Restri¢tsd funds lthrestrlcled funds Designatsd Gpneral Pension Reserve 15 16 71.072 139,772 515,273 524,869 (3,705) 422,210 471.805 (1.353) 1.032,434 For the year ended 31 March 2025 the company was entitled to exemption from audlt under sectlon 477of the Companies Act 2006 relating to small companles. The members have not required the company to obtain an audit of its accounts for the year In question in accordance with section 476 and the Board of Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the provisions applicable to charitsble companies subject to the small companies, regime. 14 JOHN STORER CHARNWOOD BALANCE SHEET AS AT 31 MARCH 2025 (CONTINUED) These accounts were approved by the Board of Trustees and authorised for issue on 6 Ck&)btr-34P XS and are signed on its behalf by. MRS S LEONG penses relmbursed durlng the year. 10. INDEPENDENT EXAMINATION The 8mounl paid for the Independent Examina￿On Wds £4,145 {2024: £3,770) and £360 {2024: £325) for ott)8r accountancy serwces. 23 JOHN STORER CHARNWOOD NOTES TO THEACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 11. TANGIBLE FIXED ASSETS Freohold land, buildlngs & Improvements Catering Equipmènt Coryuter Equipment Motor Vehicl0$ Flxtures & Fittings Total Cost At 1 April 2024 Addllons Transfers Disposals At 31 March 2025 609.284 88,367 1,317 58,689 134,985 112,316 916.591 88,367 697 651 112 316 1 004 958 Depreclatlon At 1 April 2024 Charge for Ihe year Transfers At 31 March 2025 509,584 12.362 1,317 58,194 495 134,985 102,916 2.482 806.996 15.339 105 398 Net book value At 31 MarGh 2025 6,918 182 623 At 31 March 2024 495 9.400 The ￿dIUeS above in respect of the property are not the realisable value of Ihesa assets. In the 8￿1 of John Storer Hause ceasing to operate as a comnwnlty and social ￿trare Gentr6 from the slte, the Borough Council will be entilled to purchase Ihe land for a nominal sum. Whilst the Council wll be required to pay compensation equivalant to the vakne of the building. It Is Irry>osslble to forecast the Ilkely amount of such c¢Jnpensation. 12. DEBTORS 2025 2024 Trade debtors 39.669 34,296 34,296 24 JOHN STORER CHARNWOOD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 f3. CRe(hiORS". AMOUhlT8 FALLING DUEwrrHIN ONE YEAR 2025 2024 Trade creditors TayBs and Social Security Accruals Other creditors 17,213 16,337 4,750 13,576 51.876 13,977 15.988 4.320 4.505 38,788 14. ANALYSIS OF NET ASSETS BY FUND Unrestrlcted Re8trlcted Total Funds Fund$ Funds 2025 Tangible fixed ass8ts Cash at bank and In hand Stock Debtors Creditors Pen81on PrO￿510n 182.623 867.126 2,600 39,669 (51,8761 (3,7051 182,623 938.198 2,600 39.669 151,8761 (3.705) 71,072 1,036,437 71,072 1,107,509 25 JOHN STORER CHARNWOOD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 15. RESTRICTED FUNDS Galns on At 14)ril Incowft ExpenditureTransfers aGqui5ition 2024 At31 March 2025 LCC- Complimentary Public Transport Loughborough Communlty Care Transport Chamwo(Kl Disability Forum Pregnancy Testing {CSSPI Chamwothj Mental Health ForLm Sll8by LunGh Club Local ￿lunteering Transport access CBC MTC Worker Shepsh&d VC - Local Your Store Lollery Fund Allotment DèKelopm8nt meshare upkeep Vlllap prolect8 63.400 {116,4841 53,084 119,6541 19,654 2,178 12,1781 1771 12211 (9581 15811 221 958 581 6,528 24,566 71,471 1487) 6.466 4,440 3,119 34,574 44,466 77,228 137,3901 135,1681 1112,1241 3.712 29,864 30.529 14,0001 16,0461 487 1,666 11,1651 6,967 {4,4401 {3,1191 139.772 221,334 1302,3311 12,297 71,072 2024 comparatlv•: Galns on At 1 *>rll Incoma ExpendltureTransfers AcqulsStlon 2023 A31 March 2024 LCC- Complimentary Publio Transport Loughborough Community Care Transport Chamwcmxl Disabillly FONM Pregnancy Testing ICSSPI Chamwood Mental Health Forum Slleby Lunch aub Local NdUnle￿1ng Transport access CBC MTC Worker Shepshed VC - th¢al Your Store Lollery Fund Allotment Development Timeshare upkeep Vlllagg projects 63,400 (122,7351 59.335 19,654 7,917 2,178 19,654 17,917) 2,178 77 221 958 581 6,528 24,566 71,471 1487) 6,466 4,440 3.119 221 958 581 6.781 30.270 111,011 1487} 15,151 29,574 31,648 78,146 129,8271 137,3501 {117,6861 250 18,9351 4.440 3,119 194.312 203,016 (324,4501 59,335 7.559 139,772 26 JOHN STORER CHARNWOOD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 I.&_RES_IRI.QT.ED_EUND.S]cnJ4TJMUED) The Complimentary Public Transportfund rèlatss to the gr8nt agreernent which the charity has entered wlth Leicestershire County Council. The fund is restricted 801ely for the provlsion of Complementary Public Transport Services. The balance on the fund relates lo the net book value that was purchased for the services and the vehicle has now been fully depreciated. The Loughborough Community Care Transport Fund relates to the transfer of funds from the charity Loughborough Communlty Care ILCCare}, which was done when JSC took over responslbiltty for running various transport seNic8s pr&viously carried on by Lccare. The fund is restricted for the use for the promollon of ¢omrnunity transport services In th8 Borough of Loughborough. Shèpshed VC - thls related to the 2007 merger.11 was agreed to k88P the money restricted and any future monies for Shepshed should bé kepl in re8trlcted funds. Your Store - thls Fund was orlglnally used to help people impacted by the Covid 19 pandemlc, part of which included supportlr)g the Soclal Supermarket called Your Store. The Fund has fully transllSoned into supporting the activities of Your Store which contlnues to provide essential support lo those in need. Allotment development- A pilvate donation was received for the development of a new purpos6- built actlvlty workshop which was erected in 2023124. All other restrlcted funds are for specifi¢ prolects as described above within the local communlty. Wh8re funds have been transferred from reslricled funds to unrestricled funds, the release of the reslriclions on the funds has b88n agreed by the funders or Is allowed because the funds are expired. 16. UNRESTRICTED FUNDS Incoff Ex￿ndItUre Transfers At 31 March 2025 2024 De#lgnated Funds: CorThwnlty Tr8n8POrt Fund Corrplementary Publ1¢ Transwt Fund Se￿ce De￿lOpment Fund Building lryirov8m8nt Fund Fixed assats held for charity use Energy Efficlency Scheme 250,829 {61,310} 274,019 54,367 6.742 10,278 99.994 45.953 (53,0841 47,236 6,742 7,752 99,994 79,530 <2,5261 88.367 18,837) 422,210 218,820 {63,8361 161,921) 515,273 Pension Reser General Funds (1.3531 471.805 12,352) 550,195 13.7051 524,869 (546,7551 49,624 610 591 892,662 766,663 1,036.437 12,297 27 JOHN STORER CHARNWOOD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 16. UNRESTRICTED FUNDS (CONTINUED The Community Transport Fund is in respect of an amount put aside by the Trustees to contribute to future costs assoclated with the vehicles used in the transport prolect. The Complementary Public Transport (CPT) Fund is in respect of the charges made for CPT services less the costs of runnSng the service that are nol funded by specific grants included in the restricted funds shown in not8 15. The Service Dev8lopment Fund has been set up to fund a Volunteer Communty Services Development Worker post, a ProjecVBusSness Development post and investment in the building lup to £10,000}. In 2019120, the fund was used instead to further extend the Services Team Leader post for an additional year and develop the House and its facilities. The 8ulldlng Improvement Fund r8pr8sents funds d8signat8d for the purpos8 of carrylng out essèntlal bullding improvement work. The"Fixed assets held for charity usé" fund represents the net book value of tanglble flxed assets. Each year an amount 15 transferred lo or from the fund repre6entlng the movement In the netbook value of tangible fixéd assets In the year. The Energy Efflciency Scheme Fund represents a Grant which has enabled various energy Savlng equipment to be installed. The income has been capilalised and will b8 depreciated over 10 years with the annual depreGlallon charged agalnst the Fund. The Pension Reserve is a negative reserv8 created due to thè change in presentatlonrequlred by FRS102 regardlng the TeGognltlon of liabilities arising In respect of Pensions. This is more fully explained in note 18. Th8 arnount of general funds at 31 March 2025 was £524,869. These funds are sometlmes referred to as free reseTve6. However, the negative Pension Reserve of £3,705 is held against thgm. The Truslees have a reserves policy, in Ilne with the guidance of th8 Charity Commlssioners, and which meets the requirements of funder8. 17. COMMITMENTS UNDER OPERATING LEASES At 31 March 2025 the company 8ggregat6d annual commilm8nts under non-Ganc&llable operating leases as sel out below. Oporatlng laas•s whlch oxplro: 2025 2024 Wlhln one year Wllhln 2 to 5 years 2.368 5.337 7.501 28 JOHN STORER CHARNWOOD NOTES TO THE ACCOUNTS FOR THEYEAR ENDED 31 MARCH 2025 18. PENSION John Storer Charnwood partlclpates in The Pensions Trust's Growth Plan (The Plan}, a multFemployer scheme which provldes benefits to some 950 non-associated partSclpalSng employers. The scheme is a defined benefSt scheme in the UK. It is not possible for the company to obtain sufficient information lo enable it to account for thescheme as a defined benefrt scheme. Therefore, It accounts for the scheme as a defined contribution scheme. The scheme is subje¢t to the fundin9 169lslation outlined in the Pensions A¢t 2004 whSch cam8 Into force on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the FlnancialReporting Council set out th8 framework for funding defin8d bonefit occupatlonal p8n8ion schemes In the UK. The scheme Is classIfl8d as a 'last man standing arrangement,. Ther8for8, the company b potentially liable for other participating employers, obligations if those employers ar8unable lo meet thelr share of the scherne deficit followlng wlthdr8wal from Ihe scheme.Participating employers are legally required to meet their Share of the scheme deficit on an annuity purchase basis on wlthdrawal from the s¢heme. A full actuarlal valuatlon for the scheme was carried out on 30 Sept8mber 2020. The valuation showed assels of £800.3 million. liabllitles of £831.9 milllon and a d8ficit of £31.6 mllllon. To eliminate this fundlng shortfall. the Trustee has asked the partlcipating employers to pay additional annual contributions lo the scheme from the 1 April 2019 to 31 J8nu8ry 2025 amounting lo £11.243 mlllS0n. Ilncreaslng by 31Jh on each 1 April.) The recoveiy ylJii ¥uiiliibuliuii¥ ure allocated to aach partlclpatlng employer in Iinewilh thelr estimated share of the Series 1 And se.rles 2 scheme118bilities. Where the scheme is in deficlt and where the company has agreed to 8 deflcit fundlngarrangement the company recognises a liability for thls obllgalion. The amount recognised is the net present value of the deficll reducllon contrlbutlons payabl8 under the agreement that relates to the deflcll. The present value is calculated using the dlscount rate detalled In thèse disclosures. The unwinding of the discount rat8 is recognis8d as a finance cost. 28 JOHN STORER CHARNWOOD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 18. PRESENT VALUES OF PROVISION 2025 2024 2023 p￿￿$10n Present value 2.897 RECONCILIATION OF THE OPENING AND CLOSING PROVISIONS 2025 2024 Promsion al start of period Unwndlng the discount factor (Interest eypense) Deficll contribulion pald Rerroa$uren*nts - due to chang8 In assumpllons Re1rtiurseff￿nt re amandm8nt to contributton schedule Promsion at the end of perlod 1,353 36 11,3801 23 3,673 2,897 111 11.656) 1,353 INCOME AND EXPENDrruRE IMPACT 2025 2024 Interest eynse Rem8asurerrents - due lo change in assumptions Relmburse￿nt re amendment to contribution schedule 36 111 3,673 ASSUMPTIONS 2025 2024 2023 Rate of discount 4.84 5.31 5.52 The dlscount rates shown abov8 are the equivalent sSngle dlscount rates whlch. whenused to dlscounl the future recovery plan contributlons due, would give the same results as using the full AA corporate bond yleld curve to discournt the same racovery plan contrlbutions. 30 JOHN STORER CHARNWOOD NOTESTOTHE ACCOUNTS FOR THE YEAR ENDED 31 MARCH g025 19. CONNECTED CHARITY The affairs of John Storer Chamwood IJSCI were closely connected with those of John Storer House Foundation IJSHF) and therè was an overlap of trusteeship be￿6&n the govérning bodiès of thè Iwo Charities before the two Charities were merged on 29 February 2024. The financial affairs of the two charities were closely linked and the balance owed by JSHF to JSC at 31 March was.. 2025 2024 Du8 from John Storer ￿buSe Foundalon 20. JOHN STORER HOUSE FOUNDATION On 29 February 2024, John Stor8r House Foundation l Registered charity no. 521460) joined with John Storer Chamwood and the assets and liabilities of John Storer House Foundation ha been transferred to balance sheet of John Storer Chamwood. The net assets of John Storer Fbuse Foundation acqulred on 29 February 2024 ￿pre.. 2025 2024 Fixed assets Charlty Assets Charlty LiablllJes 99,994 108,097 206,639 31