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2024-03-31-accounts

REGISTERED COMPANY NUMBER: 4238939 (England and Wales) REGISTERED CHARITY NUMBER: 1088242

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ESTUARY LEAGUE OF FRIENDS

ESTUARY LEAGUE OF FRIENDS

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Page
Report of the Trustees 1 to 10
Independent Examiner's Report 11
Statement of Financial Activities 12
Balance Sheet 13 to 14
Cash Flow Statement and notes 15
Notes to the Financial Statements 16 to 26

ESTUARY LEAGUE OF FRIENDS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and Policies

The Objects of the Charity shall be as follows:

In furtherance of these objects but not otherwise the trustees shall have power to establish or secure the establishment of a Community Hub in Topsham in Devon and to maintain and manage such a building for the activities promoted by the Charity in furtherance of the above objects.

OBJECTIVES AND ACTIVITIES

Chairman's Report

This has been another successful year for The Estuary League of Friends. It is fair to say that the world has changed since COVID-19. We live in more turbulent times and, as a result, we sometimes find ourselves measuring success in different ways. Today, success includes recognising and admiring the resilience and flexibility of our staff and volunteers who adapt to the changing needs in our community as well as shifts in the national and global landscape; it includes being courageous enough to try out new and resourceful ways of supporting those most in need.

Innovations from the last year include the introduction of:

These innovations come at a time when our own costs are rising, our staff feel the impact of cost-of-living and need support, we are finding it harder to attract and retain committed staff especially for vital care work, fewer local people are stepping forward to offer their time as volunteers, and worryingly, income from fundraising and donations has become increasingly difficult to come by. We have seen more local charities and groups close their doors for the last time, putting increased pressure on those who, like us, remain.

1

ESTUARY LEAGUE OF FRIENDS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

In the face of these challenges, we have sometimes had to make difficult decisions. Estuary is needed more than ever, especially by the most vulnerable those who are struggling due to age, frailty, disability, ill health and financial hardship. These are the people we were set up to serve in 1987 and we remain determined to do all we can to ensure that Estuary continues to be there for those who need us most not just next year but for decades to come.

This year, reviewing benefit entitlements, accessing discounts and grants, as well as form filling, has been one of the fast-growing areas of our work. We have seen how especially important this is for local people with the highest support needs. They may be elderly, disabled, living with chronic and/or terminal illness. For them, turning down the heating isn’t a practical option. They simply can’t risk falling ill as this could lead to a life-threatening situation. Yet, being on fixed incomes such as the State Pension makes it impossible for them to meet the rising costs of energy bills without extra help.

In 2023/2024, our 32 dedicated employees and 45 committed regular volunteers supported 694 local people including 401 of our community’s most vulnerable residents. We also welcomed over 2,800+ local people each week to our busy purpose-built community Hub, Nancy Potter House, to experience our many on-site services, activities, groups and amenities including Topsham Post Office, Topsham Library (run by Devon Libraries Unlimited) and our much-loved Bradbury Café.

Our volunteers are our lifeblood. We were founded by local people giving their time to care for others and this principle is still at the heart of all we do. Last year, our committed volunteers gave a total of 2,498 hours of their time to supporting our community which equates to an in-kind contribution worth an estimated £26,029 based on national minimum wage.

Also in 2023/2024, we held our annual Classic Car Show fundraiser, welcoming over 3,500+ visitors and with 235 classic cars on show. The event raised a wonderful £9,225 to help fund Estuary’s ongoing work in the community. We started fundraising for a new Wheelchair Adapted Vehicle so we can help more of the most vulnerable people in our rural community make important journeys with our assistance to access vital medical appointments in settings across Devon, and to access services and activities delivered daily from our community Hub.

We celebrated the wonderful contribution of our Post Office Clerk, Malcolm, who retired this year. Malcolm was one of the founding team responsible for establishing the much-loved Topsham Post Office at Nancy Potter House in 2019 after our community's local Post Office closed (this came in the wake of losing all the banks on our high street) leaving local people forced to travel miles to access any postal or banking services.

Thank you, Malcolm, for your years of service at Topsham Post Office.

2

ESTUARY LEAGUE OF FRIENDS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

We are so grateful to each and every person who helped us help others last year our staff, our volunteers, local people who donated and fundraised for us, those who frequented our charity shops, and all our partners who supported us to offer much needed services and support. Thanks to you, Estuary has continued providing care, comfort and support to all those in need in our community.

Income for the year to 31st March 2024 totalled £661,381 (compared to £625,714 in the previous year). This is a split between unrestricted £535,518 and restricted £125,863 (2022/2023 unrestricted £445,416 and restricted £180,297). Expenditure for the year totalled £623,836 (2022/2023 £601,878).

We received a legacy worth £87,500 in March 2024. We are indebted to those individuals in our community who are so generous in remembering Estuary in their wills. This legacy allowed us to finish the year with a comfortable surplus. However, we are all too aware that fundraising is considerably harder and with a major two-year National Lottery Community Fund grant coming to an end in 2023/2024, we anticipate having to draw down on our reserves in 2024/2025 to maintain a level of delivery which will meet the needs of our community.

Enjoying our Board Games social club.

A popular Post-box Topper making local people smile made by our very own Craft Group.

3

ESTUARY LEAGUE OF FRIENDS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Keeping warm and wreath making at our Estuary Ladies social group.

Festive Bingo in The Bradbury Café.

4

ESTUARY LEAGUE OF FRIENDS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Children from Topsham Primary School delivering handmade Christmas Cards for local people experiencing isolation due to ill health, frailty, age, and who live alone or are caring for a loved one.

Our new Soft Play kit set up ready for local children to come and play.

5

ESTUARY LEAGUE OF FRIENDS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Activities for local children now include Lego Club and Animal Sensory.

Key achievements in the twelve months to 31st March 2024:

6

ESTUARY LEAGUE OF FRIENDS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Despite the important role we play in promoting the health and wellbeing of our community, particularly the most vulnerable, Estuary receives no regular financial support from local authorities or the NHS. Our income is generated through trading activities, voluntary grants and donations. We are reliant on these to meet our running costs and, importantly, we subsidise the care we offer the community so that everyone can benefit no matter their financial situation.

I, and my fellow Trustees, would like to take this opportunity to thank our wonderful staff and volunteer team for all their hard work this past year. We would also like to thank all those who have supported us with donations and grants, wonderful gifts, thank you notes and of course, charity shop donations all of which are more vital than ever to the continuation of our services.

Marilyn Ramsden Chair, Estuary League of Friends

Fundraising activities

The Estuary League of Friends does conduct fundraising activities. Fundraising is primarily from grant makers including trusts and statutory funders. To a lesser extent, the charity delivers community fundraising (through annual sponsored events including the Classic Car Show) and delivers occasional direct marketing appeals restricted to door drops to local households. The charity takes its responsibilities under the Data Protection Act and GDPR very seriously and ensures all activities are conducted in line with best practice guidance issued by the Institute of Fundraising and the Fundraising Regulator.

Risk Management

The Directors have assessed the major risks to which the Charity is exposed, and, in particular, those relating to the operations and finances of the Charity and are satisfied that systems are in place to mitigate their exposure to major risks. Risks considered relate to the current economic climate and changing community needs.

The Trustees have identified that the current risks facing Estuary League of Friends are:

Financial Review

Total incoming resources for the year to 31 March 2024 amounted to £661,381 (year ended 31 March 2023 £625,714). Unrestricted funds incoming resources amounted to £535,518 (year ended 31 March 2023 £445,416). Restricted funds incoming resources amounted to £125,863 (year ended 31 March 2023 £180,297.

Total expenditure amounted to £623,836 (year ended 31 March 2023 £601,876). Of which, the charity invested resources of £34,843 (year ended 31 March 2023 £64,087), to support the running of the Estuary Community Hub.

The purposes of the different types of funds are explained in the accounting policies as shown in the financial statements.

7

ESTUARY LEAGUE OF FRIENDS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Note 18 to the financial statements provide further explanation.

Investment policy and objectives

The Charity does not participate in high risk investments and invests its cash resources in liquid investments that cannot go up or down in value.

Reserves policy

The total funds, detailed in note 18, held by Estuary League of Friends as at 31st March 2024, including a breakdown of unrestricted (including designated) and restricted funds are:

The unrestricted fund (including designated funds) shows a increase in the movement of funds amounting to £120,292 (2023: decrease of £8,311). This has resulted in the total fund balance increasing from £583,445 in 2023 to £703,737 in 2024.

Included in the unrestricted fund, are designated funds which the charity holds for specific purposes. These funds are:

The balance of the unrestricted fund, £97,916, the general reserves, covers the day to day operations of the organisation, which includes loss of income and unforeseen expenditure of the charity, and can be used at its own discretion.

The restricted fund shows a decrease in the movement of funds amounting to £82,747 (2023: increase of £32,148). This has resulted in the total fund balance decreasing from £1,515,913 in 2023 to £1,433,166 in 2024. £481 of this £1.43m has been spent on fixtures and fittings for the Community Hub, and therefore this expenditure has been capitalised, as shown in note 19 under the Restricted Tangible Fixed Assets.

The charity's restricted funds are those for a pre-agreed purpose where the donor has imposed conditions on the use of the funds. The policy for such funds is to adhere to the relevant conditions.

FUTURE PLANS

2024/2025 looks to be another challenging year with rising fuel costs and inflation continuing to impact on community need and costs associated with running the Charity and Nancy Potter House. There is continued emphasis on voluntary fundraising to meet the shortfall from trading activities, however, it is becoming noticeably harder to generate the same return on investment from voluntary income as enjoyed in previous years.

Other priorities for 2024/2025 include continuing fundraising to invest in a new Wheelchair Adapted Vehicle which will be more energy and cost efficient, as well as pursuing other energy efficiency measures to reduce our carbon footprint and offset rising energy costs.

8

ESTUARY LEAGUE OF FRIENDS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Organisational structure

The Company is limited by guarantee and has no share capital. The Charity's objects and regulations are set out in the company's Memorandum and Articles approved on 21 June 2001, the date of incorporation.

The maximum number of members with which the company proposes to be registered is the current number of trustees.

The trustees consist of at least 5 and not more than 11 individuals and have control of the charity and its property and funds. At the AGM the Members accept the retirement of those trustees who have given notice to retire and elect persons to be trustees to fill the vacancies of ratify the appointment of co-opted trustees.

The charity recruits any new trustees by advertising locally, interviewing potential candidates and then appointing. Successful candidates are welcomed formally at the next trustees meeting, following appointment.

When new trustees are elected to the board a formal induction process is followed, with each trustee knowing what is expected of them. During their time on the board all the trustees have the opportunity to attend training sessions on various subjects. These sessions vary in delivery but are all designed to gain a better understanding on subjects not previously known.

Strategic decisions are made by the Board, with all expenditure decisions over £10,000 needing at least 3 written quotes and a board decision. The day-to-day management of the charity is delegated to the Chief Executive, Rachel Gilpin.

Salaries for staff are set at recruitment by the Chief Executive, making sure that all National Minimum Wages are met. Once a year the salaries are reviewed by the board and an increase agreed, again making sure that the National Minimum Wage is adhered to.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

4238939 (England and Wales)

Registered Charity number

1088242

Registered office

Nancy Potter House Topsham Exeter Devon EX3 0DX

Trustees

Mrs M Ramsden W Davies I A Garcia (resigned 1/1/2024) Mrs R L Gliddon I K J Crombie Mrs M Jevon Mrs A L Smith (appointed 28/4/2023) P M Tosh

9

ESTUARY LEAGQJL. OF FIUENDS REPORT QF 'f:4E TQ.USTEES FOR THE YEAPI 4W]ARCH 2024 Company Secretsry Mrs R J Gllpin Independent Examiner Merlin Accountancy Servlces Ltd 2nd Floor 33 Longbrook Street Exeter Devon EX4 6AW Sollcitors Ashfords LLP, Ashford House, Grenadler Road, Exeter, EXI 3Lkl Bankers Lloyds, Exeter Approved by order of the board of trustees ori .,..........,.... sign& on Its behalf by.. Mrs M Ramsden - Trustee I K J Cromble - Trustée 10

INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF EsfuARY LEAGUE OF FRIENDS Independent examiner's report to the trusteés of Estuary.League of Friends (he Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responslblllties and basls of report As the charlty's trust￿ of the Company (and also Its directors for the purposes of company law) you are resw)nsible for the P￿para￿On of the accounts in accordan￿ with the requlrements of the com.panies Act 2006 ('the 2006 Act,). Having satlsfled myself that the accounts of the Company are not requlred to be audlted under. Part 16 of the 2006 Act and are ellglble for independent examinatlon, I report In respect of my examinatjon of your charity's accounts as carrled out under Sectlon 145 of the Charitles Att 2011 ('the 2011 ACV). In carrylng out my examlnation I have followed the Dlrectlons given by the Charity Commlsslon under Section 145(5) (b) of the 2011 Act. Independent examlner's Statement sIn￿ your charltys gross Income exceeded £250,000 your examiner must be a memter of a Ilsted body. I can conflrm that I am quallfled to undertake the examlnation because I am a member of the Institute of Chartered Accountsnts In England and Wales, whlch Is one of the listed bodies. I have completed my examlnatSon. I conflrm that no matters have come to my attentlon in connection wlth the examlnatlon glvlng me cause to L￿lIeve.. account1r￿ records were not kept In respect of the Company as requlred by Sectlon 386 of the 2006 the accounts do not accord with tho>e records. or the accounts do not comply wlth the accountlng requlrements of Sectlon 396 of the 2006 Att other than any requlrement that the accounts glve a true and falr view which Is not a matter consldered as part of an Independent examlnation; or the accounts have not bn prepared in accordan￿ wlth the methods and prlnclples of the Statement of Recommended pract1￿ for accountjng and reporting by charlties (applicable to charftles preparing thelr accounts in accordan￿ wlth the Flnanclal Reporting Stsndard applicable In the UK and Republlc of Ireland (FRS 102)). I have no conorns arKI have come across no other matters In connettion wlth the examlnatlon to which attentlon should be drawn in thls rep)rt In order to enable a proper under5tandlng of the accounts to be reached. G M Corby Bsc FCA Merlln Accountancy Setvlces Ltd 2nd Hoor 33 Longbrook Street Exeter Devon EX4 6AW

ESTUARY LEAGUE OF FRIENDS

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
5
Nail Cutting
Meal Deliveries
Shopping
Home Help
Befriending
Estuary Ladies
Grants
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Raising funds
6
Charitable activities
7
Nail Cutting
Meal Deliveries
Shopping
Home Help
Befriending
Estuary Ladies
Community Hub
Other
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
18
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
140,060
1,876
30,233
722
158,411
49,726
-
24,079
120,369
10,042
535,518
118,420
2,261
32,939
-
136,098
24,093
-
79,611
21,324
414,746
120,772
(480)
120,292
583,445
703,737		 Restricted
funds
£
-
-
-
-
-
-
1,549
124,314
-
-
125,863
-
-
-
-
173,213
-
1,034
34,843
-
209,090
(83,227)
480
(82,747)
1,515,913
1,433,166		 2024
Total
funds
£
140,060
1,876
30,233
722
158,411
49,726
1,549
148,393
120,369
10,042
661,381
118,420
2,261
32,939
-
309,311
24,093
1,034
114,454
21,324
623,836
37,545
-
37,557
2,099,358
2,136,903		 2023
Total
funds
£
104,280
2,487
42,139
623
119,776
49,784
1,562
190,657
111,400
3,006
625,714
109,553
320
35,492
195
263,940
19,896
1,567
162,595
8,320
601,878
23,836
-
23,836
2,075,522
2,099,358

12

ESTUARY LEAGUE OF FRIENDS

BALANCE SHEET (REGISTRATION NUMBER: 04238939) 31 MARCH 2024

Notes
FIXED ASSETS
Intangible assets
13
Tangible assets
14
Investments
15
CURRENT ASSETS
Debtors
16
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
17
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
18
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
Restricted
funds
funds
£
£
6,405
-
75,060
1,418,361
1
-
81,466
1,418,361
116,250
-
523,179
14,806
639,429
14,806
(17,158)
(1)
622,271
14,805
703,737
1,433,166
703,737
1,433,166		 2024

Total
funds
£
6,405
1,493,421
1
1,499,827
116,250
537,985
654,235
(17,159)
637,076
2,136,903
2,136,903
703,737
1,433,166
2,136,903		 2023
Total
funds
£
-
1,531,576
1
1,531,577
83,672
499,997
583,669
(15,888)
567,781
2,099,358
2,099,358
583,445
1,515,913
2,099,358

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

13

E.￿ARI- i [￿n￿lIk -, BAL￿NC.￿kn SW.FFT ~ 3X ￿￿.￿?.c￿l ,.,.- The trustees acknowledge their responsibllitiot toi" .Diifruéa (a) ensuring that the charitable companii &Ccnuthljriry rpi-ords that comply with Sectlons 386 and 387 of the Cornpanles Att 2006 aiid Cb) preparing finanaal statements which glvr. a PJLie Pilid. i'&x.I, vlewd of the 5tste of affalrs of the charltsble company as at the end of each flna..Ic.iil )'e.a5' a5..f. o+ its surplus or de.ficit for each flnanclal year in accordance wlth the requirements of S•=t.ians .JQ£j ?i-;a 95 and which otlErwise comply with the requlrements of the Companies Act 200fi, re.l=.,tlil91 try 'fiii1411iial etatements, so far as appllcable to the charitable company. -rhese flnancial statements have been preparp.d In. 2,CcorLl4n.LV IIFlth the provirJlons appllcable to charitable companles subject to the small companlps regim:. anclal ststements were apprfjved .b'/ ihcl 8¢)a,rl .og ITUStees and authorlsed for Issue on ULt,...*(). ¥.¥-..... and were signed i)fi il'5 b'eii¢ilt ,¥y.' M Ramsden - I K J Crombie - Trustee

ESTUARY LEAGUE OF FRIENDS

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 39,546 97,305
Net cash provided by operating activities 39,546 97,305
Cash flows from investing activities
Purchase of intangible fixed assets (8,540) -
Purchase of tangible fixed assets (3,060) (28,622)
Interest received 10,042 3,006
Net cash used in investing activities (1,558) (25,616)
Change in cash and cash
equivalents in the reporting period 37,988 71,689
Cash and cash equivalents at the
beginning of the reporting period 499,997 428,308
Cash and cash equivalents at the
end of the reporting period 537,985 499,997
1.
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM		 OPERATING ACTIVITIES
2024 2023
£ £
Net income for the reporting period (as per the Statement
of Financial Activities) 37,545 23,837
Adjustments for:
Depreciation charges 43,355 71,368
Interest received (10,042) (3,006)
Increase in debtors (32,583) (478)
Increase in creditors 1,270 5,584
Net cash provided by operations 39,546 97,305
2.
ANALYSIS OF CHANGES IN NET FUNDS
At 1/4/23 Cash flow At 31/3/24
£ £ £
Net cash
Cash at bank and in hand 499,997 37,989 537,985
499,997 37,989 537,985
Total 499,997 37,989 537,985

15

ESTUARY LEAGUE OF FRIENDS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Donations and Legacies

Voluntary Income consists of all incoming resources (whether cash or assets in hand) other than incoming resources received for investment income, gains, grants or payments for goods or services. This is recognised in the statement of financial activities as soon as it is received.

Voluntary income is recognised on receipts and includes associated tax claims on a receivable basis. Legacies are recognised by reference to the date probate is granted, or if later, as soon as they are capable of being measured in financial terms. Grants of a general nature are recognised as voluntary income.

Other Trading Activities

Income from trading and fundraising activities is included in incoming resources in the period in which it relates. Rent received is treated similarly on an accruals basis.

Income from Investments

Investment income is accrued on a daily basis and is credited on this basis in the statement of financial activities.

Income from Charitable Activities

Incoming resources from charitable activities are included in incoming resources in the period in which the income relates. Grants received for the performance of a specific service are classified as incoming resources from charitable activities.

Grants

Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

16

ESTUARY LEAGUE OF FRIENDS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES - continued

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of resources.

Resources expended include attributable VAT which cannot be recovered.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

17

ESTUARY LEAGUE OF FRIENDS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

2.
DONATIONS AND LEGACIES
2024
£
Gifts
1
Donations
48,701
Gift aid
3,858
Legacies
87,500
140,060
3.
OTHER TRADING ACTIVITIES
2024
£
Fundraising events
19,738
Shop income
100,436
Miscellaneous Income
195
120,369
4.
INVESTMENT INCOME
2024
£
Deposit account interest
10,042
5.
INCOME FROM CHARITABLE ACTIVITIES
2024
Activity
£
Nail Cutting
1,876
Meal Deliveries
30,233
Shopping
722
Home Help
158,411
Befriending
49,726
Estuary Ladies
1,549
Grants
148,393
390,910
Grants received, included in the above, are as follows:
2024
£
Other grants
148,393
The following are some of the Grants received in the year:
£28,300
Ann Rylands CT
National Grid Local Living
£8,284 Devon County Council
Growing
Communities Fund
National Lottery Community Fund
Cost of Living Fund
£25,489
National Lottery Community Fund
Reaching Communities
Devon County Council
Growing
Communities Fund
£3,000
Norman Family Trust		 2023
£
1
41,406
9,571
53,302
104,280
2023
£
12,159
98,996
245
111,400
2023
£
3,006
2023
£
2,487
42,139
623
119,776
49,784
1,562
190,657
407,028
2023
£
190,657
£3,000
£3,000
£50,052
£1,500

18

ESTUARY LEAGUE OF FRIENDS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

6. RAISING FUNDS

Raising donations and legacies

Sundries
Consultancy
Support costs
Other trading activities
Staff costs
Miscellaneous
Rent
Utilities
Depreciation
Support costs
Aggregate amounts		 2024
£
4,349
18,980
12,047
35,376
2024
£
33,214
3,751
10,200
7,440
4,345
24,094
83,044
118,420		 2023
£
2,876
13,998
9,951
26,825
2023
£
43,143
2,484
10,200
3,324
2,286
21,291
82,728
109,553

Other trading activities

7. CHARITABLE ACTIVITIES COSTS

Nail Cutting
Meal Deliveries
Home Help
Befriending
Estuary Ladies
Community Hub		 Direct
Costs (see
note 8)
£
2,261
8,846
273,170
-
1,034
114,454
399,765		 Support
costs (see
note 9)
£
-
24,093
36,141
24,093
-
-
84,327		 Totals
£
2,261
32,939
309,311
24,093
1,034
114,454
484,092

19

ESTUARY LEAGUE OF FRIENDS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

8. DIRECT COSTS OF CHARITABLE ACTIVITIES

DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Sundries
Depreciation		 2024
£
337,019
27,903
34,843
399,765		 2023
£
290,093
56,203
64,087
410,383

9. SUPPORT COSTS

Raising donations and legacies
Other trading activities
Other resources expended
Meal Deliveries
Home Help
Befriending		 Management
£
12,047
24,094
-
24,093
36,141
24,093
120,468		 Other
£
-
-
14,217
-
-
-
14,217		 Governance
costs
£
-
-
7,107
-
-
-
7,107		 Totals
£
12,047
24,094
21,324
24,093
36,141
24,093
141,792
Activity Basis of allocation
Management Management & Administration apportioned by use
Other Motor Expenses apportioned by use
Governance costs Governance costs

Support costs, included in the above, are as follows:

Management

Wages
Social security
Pensions
Insurance
Telephone
Printing, post and
stationery
Sundries
Computer expenses
Repairs & renewals
Volunteer expenses
Depreciation of tangible
and heritage assets		 Raising
Donations
& Legacies
£
Other
Trading
Activities
£
Meal
Deliveries
£
Home
Help
£
Befriending
£
2024
Total
Activities
£
2023
Total
Activities
£
6,637
13,276
13,276
19,914
13,276
66,379
50,269
615
1,231
1,231
1,846
1,231
6,154
5,686
536
1,073
1,073
1,609
1,073
5,364
3,973
257
513
512
768
512
2,562
5,187
414
829
829
1,244
829
4,145
4,112
755
1,509
1,509
2,264
1,509
7,546
4,852
1,048
2,093
2,093
3,140
2,093
10,467
15,030
903
1,806
1,806
2,709
1,806
9,030
3,945
112
225
225
337
225
1,124
1,464
390
781
781
1,172
781
3,905
1,471
380
758
758
1,138
758
3,792
3,496
12,047
24,094
24,093
36,141
24,093
120,468
99,485

20

ESTUARY LEAGUE OF FRIENDS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

9. SUPPORT COSTS - continued Other

Motor expenses
Depreciation of tangible fixed assets
Governance costs
Accountancy and legal fees		 2024
Other
resources
expended
£
13,842
375
14,217
2024
Other
resources
expended
£
7,107		 2023
Total
activities
£
5,574
-
5,574
2023
Total
activities
£
8,125

Governance costs

10. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Depreciation - owned assets
Computer software amortisation		 2024
£
41,215
2,135		 2023
£
71,370
-

11. TRUSTEES' REMUNERATION AND BENEFITS

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

Trustees' expenses

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

21

ESTUARY LEAGUE OF FRIENDS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

12. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Average Employees
No employees received emoluments in excess of £60,000.
INTANGIBLE FIXED ASSETS
COST
Additions
AMORTISATION
Charge for year
NET BOOK VALUE
At 31 March 2024
At 31 March 2023		 2024
£
427,177
15,589
5,364
448,130

2024
23		 2023
£
375,756
13,435
3,973
393,164
2023
23
Computer
software
£
8,540
2,135
6,405
-

13. INTANGIBLE FIXED ASSETS

22

ESTUARY LEAGUE OF FRIENDS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

14. TANGIBLE FIXED ASSETS

COST
At 1 April 2023
Additions
At 31 March 2024
DEPRECIATION
At 1 April 2023
Charge for year
At 31 March 2024
NET BOOK VALUE
At 31 March 2024
At 31 March 2023
15.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 April 2023 and 31 March 2024
NET BOOK VALUE
At 31 March 2024
At 31 March 2023		 Freehold
Property
£
1,718,349
480
1,718,829
202,978
33,961
236,939
1,481,890
1,515,371		 Fixtures

and
Fittings
£
245,169
2,580
247,749
230,089
6,879
236,968
10,781
15,080		 Motor
Vehicles
£
6,000
-
6,000
4,875
375
5,250
750
1,125
Totals
£
1,969,518
3,060
1,972,578
437,942
41,215
479,157
1,493,421
1,531,576
Shares in
group
undertakings
£
1
1
1

There were no investment assets outside the UK.

23

ESTUARY LEAGUE OF FRIENDS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments		 2024
£
15,255
73,782
15,105
12,108
116,250		 2023
£
11,403
53,022
14,060
5,187
83,672

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
18.
MOVEMENT IN FUNDS
Unrestricted funds
General Fund
Critical Reserve
Property Asset - Charity Shop
Community Hub Development Fund
Property Maintenance Fund
Restricted funds
Property Asset - Community Hub
Estuary Activities
Estuary Ladies
TOTAL FUNDS		 At 1/4/2023
£
80,146
316,805
68,134
8,360
110,000
583,445
1,459,192
55,402
1,319
1,515,913
2,099,358		 Net
movement
in funds
£
122,982
-
(2,210)
-
-
120,772
(34,843)
(48,899)
515
(83,227)
37,545		 2024
£
4,455
7,431
1,008
4,265
17,159
Transfers

between
funds
£
(105,212)
73,091
-
(8,359)
40,000
(480)
480
-
-
480
0		 2023
£
485
4,516
804
10,083
15,888

At
31/3/2024
£
97,916
389,896
65,924
1
150,000
703,737
1,424,829
6,503
1,834
1,433,166
2,136,903

24

ESTUARY LEAGUE OF FRIENDS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

18. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Property Asset - Charity Shop
Restricted funds
Property Asset - Community Hub
Estuary Activities
Estuary Ladies
TOTAL FUNDS		 Incoming
resources
£
535,518
-
535,518
-
124,314
1,549
125,863
661,381		 Resources
expended
£
(412,536)
(2,210)
(414,746)
(34,843)
(173,213)
(1,034)
(209,090)
(623,836)		 Movement
in funds
£
122,982
(2,210)
120,772
(34,843)
(48,899)
515
(83,227)
37,545

Unrestricted Funds

When considering our unrestricted reserves, we distinguish between General Reserves that cover the day to day operations of the organisation, which includes loss of income and unforeseen expenditure and the designated funds. These designated funds are:

Restricted Funds

Are amounts received for a pre-agreed purpose where the donor has imposed conditions on the use of the funds. The restricted funds during the year were:

25

ESTUARY LEAGUE OF FRIENDS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

19. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Tangible Fixed
Assets
Investments
Current Assets
Current Liabilities
Net assets at 31
March 2024		 General
Funds
£
15,542
-
99,532
(17,159)
97,916		 Designated
Funds
£
65,924
1
539,897
-
605,822		 Restricted
Funds
£
1,418,360
-
14,806
-
1,433,166		 Total Funds
As at
31 March
2024
£
1,499,826
1
654,235
(17,159)
2,136,903		 Total Funds
As at
31 March
2023
£
1,531,579
1
583,668
(15,891)
2,099,357

20. DEFINED CONTRIBUTION PENSION SCHEME

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £5,364 (March 2024 £3,973). The amount outstanding at the end year was £1,008 (March 2023 £804).

21. RELATED PARTY DISCLOSURES

No trustee or connected person has received fees or emoluments, or reimbursement of expenses incurred in the year.

The Estuary Community Hub C.I.C.

A Community Interest Company (CIC) is wholly owned by The Estuary League of Friends. It is through this CIC that many of the Hub

The CIC shares several Board members and the Chief Executive with The Estuary League of Friends. During the year there was an inter-company loan between the two entities. No interest is charged on this loan and there are no terms for repayment.


this loan and there are no terms for repayment.
2024 2023
£ £
Amount due from related party at the balance sheet date 73,782 53,022

26