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← The Estuary League Of Friends

2025-03-31-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 2025

FOR

ESTUARY LEAGUE OF FRIENDS

ESTUARY LEAGUE OF FRIENDS

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page
Report of the Trustees 1 to 11
Independent Examiner's Report 12
Statement of Financial Activities 13
Balance Sheet 14 to 15
Cash Flow Statement 16
Notes to the Financial Statements 17 to 27

2

ESTUARY LEAGUE OF FRIENDS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

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 2025. 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 and library space 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. The library would be run by Libraries Unlimited.

Chairman's Report

“We both send our heartfelt thanks for all the support your wonderful staff have given [Dad] and Mum before she passed away. Topsham is very lucky to have you all!”

This is my first report as Chair of The Estuary League of Friends and I am pleased to say that 2024/2025 has been another strong year for our charity. Thanks to the skills, dedication and resilience of our 31 staff and 52 volunteers, we kept all key services running and added more to our offer at The Estuary League of Friends, despite challenging times.

The most noticeable areas of growth during the year include: 20% increase in participating numbers in social activities on offer at our busy community hub, Nancy Potter House; 16% increase in emergency food parcels for people struggling financially; and a huge growth in engagement from children and families - 29% more families joining our weekly groups, and 76% more children engaging in activities during the holidays.

This year, our grant income was lower than in previous years and our costs increased. We therefore made the decision to draw on our reserves to fund our work so that we could continue to respond to the needs of our community.

In 2024/2025, our team worked directly with 662 local people including 398 of our community’s most vulnerable residents through lifeline services such as: Home Help which supports people who are elderly, disabled and frail to continue living independently in their own homes for longer, and assisted transport, taking local people to and from healthcare settings to access vital healthcare appointments in the region.

Also in 2024/2025, our busy community hub, Nancy Potter House, opened its doors to a monthly footfall of more than 4,000. Local people from all walks of life accessing our many on-site services, activities, groups and amenities including Topsham Post Office, Topsham Library (run by Libraries Unlimited) and our much-loved Bradbury Café.

1

ESTUARY LEAGUE OF FRIENDS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Highlights of our year include:

All aboard Estuary’s new wheelchair adapted vehicle!

New solar panels installed on the roof of Nancy Potter House

2

ESTUARY LEAGUE OF FRIENDS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Children enjoying meeting, and learning about unusual animals

Also in 2024/2025, we held our annual Classic Car Show fundraiser, welcoming over 3,000+ visitors and with 252 classic cars on show. The event raised a wonderful £13,500 which was used to maintain Estuary’s core services providing care, comfort and support to those in need in our community. We also invested in additional fundraising capacity to raise much needed funds going forward.

All this, at a time when we find more and more local people are turning to us for help, we are facing our own rising costs, our staff are themselves feeling the impact of cost-of-living increases, we are finding attracting and retaining committed staff (especially for vital care work) increasingly challenging, fewer local people are stepping forward to offer their time as volunteers, and voluntary income has become increasingly difficult to come by.

3

ESTUARY LEAGUE OF FRIENDS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Income for the year to 31[st] March 2025 totalled £578,744 (compared with £661,381 in the previous year). This is a split between unrestricted £541,547 and restricted £37,197 (2023/2024 unrestricted £535,518 and restricted £125,863). Expenditure for the year totalled £612,683 (2023/2024 £623,836).

Local people enjoying the Bradbury Café which is open through the week, home to our warm room, as well as a place for special events

Beneficiaries enjoying a festive meal at Nancy Potter House

4

ESTUARY LEAGUE OF FRIENDS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Our Craft Group with their knitted baby blankets and hats which were donated to the Royal Devon & Exeter Hospital

Bringing joy on special occasions such as Mother’s Day and around Christmas to local people who experience loneliness and isolation

5

ESTUARY LEAGUE OF FRIENDS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Key achievements in the twelve months to 31[st] March 2025:

“Thank you Estuary. You are a total lifeline for us.”

This was achieved thanks to our 31 skilled employees (of whom only 3 are full time) together with our 52 committed volunteers. Our volunteers are at the heart of all that we do. Last year, they gave a total of 3,841 hours of their time to supporting our community. This equates to an in-kind contribution worth an estimated £46,898 based on national minimum wage.

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 and voluntary 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 don’t know how I would manage without Estuary. I wouldn’t be able to live at home without their help.”

I, and my fellow Trustees, would like to thank the outgoing Chair, Marilyn Ramsden, for her service to the charity. We would also like to take the opportunity to thank our wonderful staff and volunteer team for all their hard work this year, as well as all those who supported us with donations and grants, thank you notes, and of course, charity shop donations – all of which are vital to our efforts to provide care, comfort and support to all those in need in our community.

Rebecca Gliddon, Chair, Estuary League of Friends

6

ESTUARY LEAGUE OF FRIENDS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Ellie’s Story

Ellie is 16, has an autism diagnosis, and is a young person in care. Ellie is in Year 11 but has been excluded from school. In September 2024, Ellie started working with Grace, a local one-to-one tutor supporting some of the most vulnerable children and young people in Devon.

Grace contacted Estuary looking for a quiet room where she could work with Ellie towards her Maths and English qualifications, and describes how everyone at Estuary’s community hub was so warm and friendly. Before long, Rachel (Estuary’s CEO) suggested that Ellie try volunteering in the café. At first, Grace and Ellie’s mum didn’t know how it would go, but Ellie has taken to it brilliantly!

Ellie is now very much one of the team! She volunteers at the Hub at least twice a week, taking time to sit and talk to the older people who come to the café. Ellie has got to know all the staff, volunteers, and the people who visit regularly. For example, Ellie befriended Bob, a widower. The friendship is good for both of them. Ellie has been teaching Bob card games. He’s got so good at Go Fish, he’s now winning all the time!

Ellie, Bob and Grace playing cards in Estuary’s community café

"We are so very proud of how hard Ellie has worked and become a genuine asset to the team. The lovely staff have been so supportive and encouraging and really helped Ellie to be successful." Ellie’s mum.

Volunteering with Estuary gives Ellie purpose and focus. It’s clear that her time volunteering at the café is important to Ellie. Even when she was finding things really difficult at home, Ellie still came to volunteer. For Ellie in particular, the social skills aspect of volunteering is really important. Ellie is taking turns and learning how to speak appropriately to people. It turns out that Ellie is naturally really good at asking questions, and all the elderly people who come to the café absolutely love that!

"I have liked meeting loads of new people and helping out in the cafe. I have enjoyed all the different tasks and meeting so many new people, old and young. I have loved playing games with Bob especially. Everyone at Estuary is so nice, kind, calm and wonderful." Ellie.

Ellie’s tutoring was originally due to end in October 2024, but the success of her placement has meant that it has been extended for the whole academic year. The support of everyone at Estuary was vitally important in achieving continuation funding for Ellie.

“For a child who feels quite isolated and doesn’t have a community, she’s become part of the team at Estuary. She feels like Nancy Potter is her community, she knows everybody, everyone’s so welcoming and lovely! They understand her needs and she feels accepted there. Estuary have given Ellie so much. They’ve given her confidence and boosted her self-esteem. When we have meetings about her needs, the one thing that really shines through is her placement with Estuary. I really hope Ellie can continue volunteering with Estuary, especially over the summer, when there is so little structured support for young people like Ellie.” Grace, Ellie’s Tutor.

7

ESTUARY LEAGUE OF FRIENDS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Bob’s Story

My name is Robert (known to everyone as Bob) Ellis. I am 86 years of age and a retired Church Minister. About 4 years ago my wife and I moved to a flat in Topsham, the town where I was born and grew up in.

When I realised that the property was just around the corner from the Community Hub based at Nancy Potter House, I made sure I could move in, as I was aware of the great work provided by the Estuary League of Friends.

Sadly Frances, my wife of 62 years, died in 2023, but since then I have been supported in ways that have enabled me to remain in my flat, despite having disability in my arms and legs. Monday to Friday sees me enjoying a nourishing, meal at Bradbury Café, cooked and served by cheerful and helpful staff, and, where at the same time having the social and personal contact with other people, so important to me.

Each morning I am visited by a self-employed Personal Assistant arranged by Estuary, especially to help me shower and dress, activities I cannot manage myself due to my disability. An Estuary member of staff helps me clean and maintain my home

Other facilities I make use of at the Hub include regular visits to the chiropodist, hairdresser, provision of assisted transport, Post Office and Shop.

All in all, the Estuary League of Friends is a true God-send for without whose care and support my life would be so much more difficult and far less enjoyable.

Bob, enjoying a freshly prepared hot meal at the café

Thank You Estuary!

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 how this impacts community needs and our own operations. The Trustees have identified that the current risks facing Estuary League of Friends are:

8

ESTUARY LEAGUE OF FRIENDS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

FINANCIAL REVIEW

Financial Review

Total incoming resources for the year to 31 March 2025 amounted to £578,744 (year ended 31 March 2024 £661,381). Unrestricted funds incoming resources amounted to £541,547 (year ended 31 March 2024 £535,518). Restricted funds incoming resources amounted to £37,197 (year ended 31 March 2024 £125,863).

Total expenditure amounted to £612,683 (year ended 31 March 2024 £623,836). Of which, the charity invested resources of £34,279 (year ended 31 March 2024 £34,843), 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.

Notes 18 to the financial statements provides 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 2025, including a breakdown of unrestricted (including designated) and restricted funds are:

The unrestricted fund (including designated funds) shows a decrease in the movement of funds amounting to £29,447 (2024: increase of £120,292). This has resulted in the total fund balance decreasing from £703,737 in 2024 to £674,290 in 2025.

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

The balance of the unrestricted fund, £70,755, 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 £4,492 (2024: decrease of £82,747). This has resulted in the total fund balance decreasing from £1,433,166 in 2024 to £1,428,674 in 2025. £32,918 of this £1.42m 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.

9

ESTUARY LEAGUE OF FRIENDS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

FUTURE PLANS

In 2025/2026, we are hopeful that our investment in additional fundraising capacity will yield results, helping us meet increased costs so that we can continue operating at current capacity.

We look forward to continuing to invest in our facilities, at Nancy Potter House and our charity shop in the heart of Topsham, to improve energy efficiency and with general maintenance. We plan, for instance, to fundraise towards the installation of a new EV charger for the community. Our EV charging point was one of the first to be installed in Topsham when we first opened the hub in 2018, but technology has vastly improved and the current charger is very much outdated, sometimes taking 11 hours to charge a vehicle.

We particularly look forward to celebrating our thirty-eighth anniversary. We will bring together local beneficiaries, supporters, staff, volunteers and our Trustees to reflect on our work in the community and look to the future after several challenging years.

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

10

EsfuARY LEAGUE OF FRIENDS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 202S Registered office Nancy Potter Ho Topsham Exeter Devon EX3 ODX Mrs M Ramsden (to October 2024) W Davies J45 R L Gllthjon l K J Cromble Mrs M Jevon Mrs A L Smlth PMTosh Company S•u•tary Mr5 R J Gilpin Indep•nd•nt Eyamln•r Merlin Accountaw ServKes Ltd 2nd Floor 33 LoryJbr(M)k Street Exeter EX4 6AW Solldtors AShf￿d9 LLP, Ashford House, Grerhrydler Road, Exeter, EXI 3LH Bankers Lloyds, Exeter Approved by cKder of ttre board of trustees ofi . and sigrd on tts behalf by: MrR Glkldon Trustee l K J Crombie - Trustee

INDEPENDEKf EXAMINER'S REPORT TO THE TRusfEES OF EsfuARY LEAGUE OF FIUENDS Indepwtht •xamln•ei rnport to the tn￿te•S of Estuary Leboue of Frlends ('th• Company.) I report to the tharlty trustee5 on my examlnadon of the accounts of ￿ Company for the end￿1 31 March 2025. Rewl￿bl￿tbe1 and basls of report As the charlty's trustees of the Cn wlth the examSnatk)n to whkh atten￿On shwld be drawn In thts report In order to enable a prO￿r undertaThJlrKJ of the aco)unts to be reached. G M Cort>y Bsc FCA Merlln Accountsncy Servlces Ltd 2￿1 ￿¢￿r Exeter EX4 6AW Date: .....l F l.?../<..¥-...................... 12

ESTUARY LEAGUE OF FRIENDS

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
5
Nail Cutting
Meal Deliveries
Shopping
Home Help
Befriending
Estuary Ladies
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
£
172,584
3,311
32,105
811
156,329
52,444
-
112,876
11,087
541,547
145,034
5,128
80,689
920
259,972
32,686
-
44,536
8,532
577,497
(35,950)
6,503
(29,447)
703,737
674,290
Restricted
funds
£
35,197
-
-
-
-
-
2,000
-
-
37,197
-
-
-
-
-
-
907
34,279
-
35,186
2,011
(6,503)
(4,492)
1,433,166
1,428,674		 2025

Total
funds
£
207,781
3,311
32,105
811
156,329
52,444
2,000
112,876
11,087
578,744
145,034
5,128
80,689
920
259,972
32,686
907
78,815
8,532
612,683
(33,939)
-
(33,939)
2,136,903
2,102,964		 2024
Total
funds
£
288,453
1,876
30,233
722
158,411
49,726
1,549
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
-
37,545
2,099,358
2,136,903

13

ESTUARY LEAGUE OF FRIENDS

BALANCE SHEET (REGISTRATION NUMBER: 04238939) 31 MARCH 2025

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
funds
£
4,804
96,713
1
101,518
155,194
431,016
586,210
(13,438)
572,772
674,290
674,290
Restricted
funds
£
-
1,417,000
-
1,417,000
40
11,633
11,673
1
11,674
1,428,674
1,428,674		 2025

Total
funds
£
4,804
1,513,713
1
1,518,518
155,234
442,649
597,883
(13,437)
584,446
2,102,964
2,102,964
674,290
1,428,674
2,102,964		 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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

14

ESTUARY LEAGUE OF FRIENDS BALANCE SHEET . contlnued 31 MARCH 2025 trust￿ acknowledge their resTx)nsibilltits for ensuring that the charitable company keeps accounts.ry records that ccmpty wlth Sectbns 386 and 387 01 the Companles Act 2006 and (b) pre￿ri1¥a finandal statements whkh glve a true and fair vlew of the state of affalrs of the charltsble company as at the end of each firkincial year ard of its surplu5 or defKSt for each finarKlal year in accordance wth the requlrements of Settions 394 and 395 and which otherwÉse compty with tr requirements of the Companies Act 2006 relatNvJ to financ￿11 statements, 50 far as appllcabk to the tharitsble company. (a) These financial statements have tttn prepa￿ in ￿cOrdan￿ with the provls6or6 applkable to charftable companies subject to tt* small companles reglme. Ststen￿ts were approved by the Board of Trustee5 arKI autrK)rtsal ts Issue on and were signed on Its behalf by: l K J Crumble . Trustee 15

ESTUARY LEAGUE OF FRIENDS

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 (35,905) 39,546
Net cash provided by operating activities (35,905) 39,546
Cash flows from investing activities
Purchase of intangible fixed assets - (8,540)
Purchase of tangible fixed assets (70,518) (3,060)
Interest received 11,087 10,042
Net cash used in investing activities (59,431) (1,558)
Change in cash and cash equivalents
in the reporting period (95.336) 37,988
Cash and cash equivalents at the
beginning of the reporting period 537,985 499,997
Cash and cash equivalents at the end
of the reporting period 442,649 537,985
1.
RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH		 FLOW FROM OPERATING
ACTIVITIES
2025 2024
£ £
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities) (33,939) 37,545
Adjustments for:
Depreciation charges 51,076 43,355
Loss on disposal of fixed assets 750 -
Interest received (11,087)
(10,042)
Decrease/(increase) in debtors (38,983)
(32,583)
(Decrease)/increase in creditors (3,722) 1,271
Net cash provided by operations (35,905) 39,546
2.
ANALYSIS OF CHANGES IN NET FUNDS
At 1/4/24 Cash flow At 31/3/25
£ £ £
Net cash
Cash at bank and in hand 537,985 (95,336) 442,649
Total 537,985 (95,336) 442,649

16

ESTUARY LEAGUE OF FRIENDS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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.

17

ESTUARY LEAGUE OF FRIENDS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

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.

18

ESTUARY LEAGUE OF FRIENDS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

2. DONATIONS AND LEGACIES

2025
£
Gifts
(2)
Donations
40,743
Gift aid
4,893
Legacies
22,882
Grants
139,265
207,781
3.
OTHER TRADING ACTIVITIES
2025
£
Fundraising events
20,647
Shop income
91,924
Income
305
112,876
4.
INVESTMENT INCOME
2025
£
Deposit account interest
11,087
5.
INCOME FROM CHARITABLE ACTIVITIES
2025
Activity
£
Nail Cutting
3,311
Meal Deliveries
32,105
Shopping
811
Home Help
156,329
Befriending
52,444
Estuary Ladies
2,000
247,000
Grants received, included in the above, are as follows:
2025
£
Other grants
139,265
The following are some of the Grants received in the year:
Global’s Make Some Noise
£28,303
Exeter Chiefs Foundation
The Clare Milne Trust
£15,000
The Clothworkers Foundation
Devon County Council – Growing
Communities Fund
£3,000
VCSE Energy Efficient Grant
Community Food Hub Grant Fund
£7,800
Arnold Clark		 2024
£
1
48,701
3,858
87,500
148,393
288,453
2024
£
19,738
100,436
195
120,369
2024
£
10,042
2024
£
1,876
30,233
722
158,411
49,726
1,549
242,517
2024
£
148,393
£7,500
£15,000
£35,198
£2,000

19

ESTUARY LEAGUE OF FRIENDS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

6. RAISING FUNDS

Raising donations and legacies

Sundries
Consultancy
Support costs
Other trading activities
Staff costs
Miscellaneous
Rent
Utilities
Depreciation
Support costs
Aggregate amounts
CHARITABLE ACTIVITIES COSTS
Nail Cutting
Meal Deliveries
Shopping
Home Help
Befriending
Estuary Ladies
Community HUB		 Direct
Costs (see
note 8)
£
5,128
39,059
-
201,998
-
907
78,815
325,907

7. CHARITABLE ACTIVITIES COSTS

20

ESTUARY LEAGUE OF FRIENDS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

8. DIRECT COSTS OF CHARITABLE ACTIVITIES

Staff costs
Sundries
Depreciation		 2025
£
267,663
23,965
34,279
325,907		 2024
£
337,019
27,903
34,843
399,765

9. SUPPORT COSTS

Management
£
Raising Donations and Legacies
16,344
Other Trading Activities
32,686
Other Resources Expended
-
Shopping
-
Meal Deliveries
32,686
Home Help
49,030
Befriending
32,686
163,432		 Other
£
-
6,579
920
920
8,944
8,944
-
26,307		 Governance
costs
£
-
-
7,612
-
-
-
-
7,612		 Totals
£
16,344
39,265
8,532
920
41,630
57,974
32,686
197,351

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
£
2025
Total
Activities
£
2024
Total
Activities
£
11,712
23,427
23,427
35,140
23,427
117,133
66,379
803
1,605
1,605
2,407
1,605
8,025
6,154
543
1,087
1,087
1,631
1,087
5,435
5,364
463
926
926
1,389
926
4,630
2,562
371
741
741
1,112
741
3,706
4,145
354
706
706
1,060
706
3,532
7,546
924
1,847
1,847
2,771
1,847
9,236
10,467
403
805
805
1,208
805
4,026
9,030
88
174
174
261
174
871
1,124
319
638
638
957
638
3,190
3,905
364
730
730
1,094
730
3,648
3,792
16,344
32,686
32,686
49,030
32,686
163,432
120,468

21

ESTUARY LEAGUE OF FRIENDS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

9. SUPPORT COSTS - continued Other

Motor Expenses
Depreciation of tangible
fixed assets
Loss on sale of
tangible fixed
assets		 Other
Trading
Activities
£
Other
Resources
Expended
£
Home
Help
£
Meal
Deliveries
£
Shopping
£
2025
Total
Activities
£
2024
Total
Activities
£
4,075
570
5,540
5,540
570
16,295
13,842
2,316
324
3,149
3,149
324
9,262
375
188
26
255
255
26
750
-
6,579
920
8,944
8,944
920
26,307
14,217

Governance costs

Governance costs
2025 2024
Other
resources Total
expended activities
£ £
Accountancy and legal fees 7,612 7,107

10. NET INCOME/(EXPENDITURE)

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

Depreciation - owned assets
Deficit on disposal of fixed assets
Computer software amortisation		 2025
£
49,472
750
1,601		 2024
£
41,215
-
2,135

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

22

ESTUARY LEAGUE OF FRIENDS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

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.
13.
INTANGIBLE FIXED ASSETS
COST
At 1 April 2024 and 31 March 2025
AMORTISATION
At 1 April 2024
Charge for year
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024		 2025
£
426,809
15,036
5,435
447,280
2025
23		 2024
£
427,177
15,589
5,364
448,130
2024
23
Computer
software
£
8,540
2,135
1,601
3,736
4,804
6,405

23

ESTUARY LEAGUE OF FRIENDS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

14. TANGIBLE FIXED ASSETS

COST
At 1 April 2024
Additions
Disposals
At 31 March 2025
DEPRECIATION
At 1 April 2024
Charge for year
Eliminated on disposal
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024		 Freehold
property
£
1,718,829
32,918
-
1,751,747
236,940
35,035
-
271,975
1,479,772
1,481,890		 Fixtures

and

fittings
£
247,749
550
-
248,299
236,971
5,175
-
242,146
6,153
10,781		 Motor
vehicles
£
6,000
37,050
(1,500)
41,550
5,250
9,262
(750)
13,762
27,788
750		 Totals
£
1,972,578
70,518
(1,500)
2,041,596
479,161
49,472
(750)
527,883
1,513,713
1,493,421

15. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
MARKET VALUE
At 1 April 2024 and 31 March 2025 1
NET BOOK VALUE
At 31 March 2025 1
At 31 March 2024 1

There were no investment assets outside the UK.

24

ESTUARY LEAGUE OF FRIENDS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments
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
Net
movement
At 1/4/2024
in funds
£
£
Unrestricted funds
General fund
97,916
(33,664)
Critical Reserve
389,896
-
Property Asset
65,924
(2,286)
Community HUB Development Fund
1
-
Property Maintenance Fund
150,000
-
703,737
(35,950)
Restricted funds
Community HUB
1,424,829
919
Estuary Activities
6,503
-
Estuary Ladies
1,834
1,092
1,433,166
2,011
TOTAL FUNDS
2,136,903
(33,939)
2025
£
16,526
119,919
12,595
6,194
155,234
2025
£
4,999
4,317
1,128
2,993
13,437
Transfers
between
funds
£
6,503
-
-
-
-
6,503
-
(6,503)
-
(6,503)
-		 2024
£
15,255
73,782
15,105
12,108
116,250
2024
£
4,455
7,431
1,008
4,265
17,159

At
31/3/2025
£
70,755
389,896
63,638
1
150,000
674,290
1,425,748
-
2,926
1,428,674
2,102,964

25

ESTUARY LEAGUE OF FRIENDS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

18. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Property Asset
Restricted funds
Community HUB
Estuary Ladies
TOTAL FUNDS		 Incoming
resources
£
541,547
-
541,547
35,198
1,999
37,197
578,744		 Resources
expended
£
(575,211)
(2,286)
(577,497)
(34,279)
(907)
(35,186)
(612,683)		 Movement
in funds
£
(33,664)
(2,286)
(35,950)
919
1,092
2,011
(33,939)

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:

26

ESTUARY LEAGUE OF FRIENDS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

19. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Intangible Assets
Tangible Fixed
Assets
Investments
Current Assets
Current Liabilities
Net assets at 31
March 2025		 General
Funds
£
4,804
33,075
-
46,314
(13,438)
70,755		 Designated
Funds
£
-
63,638
1
539,896
-
603,535		 Restricted
Funds
£
-
1,417,000
-
11,673
1
1,428,674		 Total Funds
As at
31 March
2025
£
4,804
1,513,713
1
597,883
(13,437)
2,102,964		 Total Funds
As at
31 March
2024
£
6,405
1,493,421
1
654,235
(17,159)
2,136,903

20. EMPLOYEE BENEFIT OBLIGATIONS

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 £5,435 (March 2024 £5,364). The amount outstanding at the end year was £1,128 (March 2024 £1,008).

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’s activities will be managed and delivered.

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.
2025 2024
£ £
Amount due from related party at the balance sheet date 119,919 73,782

27