C(xnpany registratlon number: 04774583
Charity registration number. 1104083
Taunton East Development Trust
(A company limlted by guarantee)
Unaudited Annual Report and Flnancial Statements
for the Year Ended 31 March 2025
ocm
acmole

Taunton East Development Trust
Contents
Reference and Administrative Details
Trustees, Report
2to6
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
9t010
Notes to the Financial Statements
11to29

Taunton East Development Trust
Reference and Administrative Details
Trustees
Mr Paul Hughes - resigned 25 October 2024. Chair of Trustees
Mr David Lee Kassapian, - Chair from 25 October 2024
Mrs Mary Greenslade
Mr Stephen Elis Wray
Miss Yang Li - resigned 31 December 2025
Mrs Ann Davis - appolnted 28 August 2024, resigned 8 March 2025
Mr William Tregillus - resigned 28 August 2024
Mlss Paula Jayne Bartraham - resigned 20 November 2024
Secr•tary
Miss Yang Li - appointed 20 November 2024 & resigned 31 December
2025
Charlty Rggistratlon Number
1104083
Company Rogistratlon Number 04774583
The charity is incorporated in England & Wales.
R•gistered Offlce
The Link Centre
12 Moorland Close
Taunton
Somerset
TA12DD
Ind•p•ndent Examlnor
A C Mole LLP
Slafford House
Blackbrook Park Avenue
Taunton
Somer88t
TA12PX
Page 1

Taunton Easl Development Trust
Trustees. Report
The trustees, who are directors for the purposes of company law, present the annual ￿pOrt together with
the financial statements and auditors, report of the charitable company for the year ended 31 March 2025.
Achlev•monts and perfomianco
The charity has continued to deliver activities. support and advice to the community as in previous years.
The community still struggles economically and socially, which the charity makes every effort lo mitigate.
With over 12,500 points of contact across the year into the Charitls Link Centre, the charty has been as
busy as ever including: distributlon of food vouchers; shopping and prescription pick ups for the physically
and socially frail; school holiday events for local children, and transport to social events; regular social
gatherings hosted for members of the community; financial assistance to those in need; and major events
with over 800 + attendees at our major events.
It has been another busy year supporting the local council with our Link Power workforce. which has
generated significanl funds.we have developed links with local NHS agencies to offer screening events at
the Llnk Centre. and have had Primary care reps at our school holiday events to engage with and support
parents and children as required. As part of our drive to improve healthy eating habits, we have held
some budget cooking classes, with more planned for the next financial year. We continue to work closely
with local government partners to maximlse opportunities. We are also working hard to improve our
understanding of our impact in the community and upon individuals. The search for new trustees
contlnues: the challenge is finding those prepared to contribute to Ihe runnlng of a charity which does not
have the capacity to manage itself at the moment. Volunteer numbers are healthy, and continuing to
grow.
Flnanclal revl•w
As at 31 March 2025, there is a tot81 defldt of £41,842 (2024: deficlt of £35,721).
There was deficit of £39,819 (2024.. deficlt of £30.500) on unrestricted reserves. Unrestricted income
decreased to £62,026 compared to £82,843 In 2024. Unrestricted expendlture decreased to £101,845
compared to £130,823 in 2024.
At 31 March 2025 the charity had unrestricted reseNes totalling £43,996 (2024: £83.815). Included in this
sum are fixed assets of £22,996 (2024: £52,533), non-current assets of £50,088 and long term loans of
£14,111 (2024: £22,473) leaving negative free reserves of £14,977 (2024: £8,809).
Page 2

Taunton East Devolopment Twst
.. Trustees. Report (contlnued)
Pollcy on reserves
The trustees have in line with Chartty Commission guidance ￿nsidered the level of reserves required.
The Iruslees, policy is to have reserves covering a minlmum of six months operating costs. excluding
restricted funds.
The f￿e reserves shown al 31 March 2025 do not meet thls target. The Trustees have prepared forecasts
and budgets for the financial years ending 31 March 2026 and 31 March 2027. A large part of the
reserves eroded by the shop refurbishment currently form a loan from Taunton East Development Trust,
upon which repayment has not yet commenced. The Communlty store has made a small loss, which has
impalred the ability to begin repayment. Reestablishment of appropriate reserrfes remains also in part
reliant on an increased and suslainable level. of V￿rk for Link Power with the Council, generating income.
The Board continues to engage with donors and benevolent organisations to offset risk in this area.
The forecasts indicate that the charity will have sufficient funds in order to be able to continue in operation
for thls period, and therefore for the foreseeable future.
The Trustees therefore consider it approprlate for the accounts to be prepared on a going concern basis.
Alms and k•y obJect5ves for future perlods
The Community store is now well-established. and we expect to begin to trade a small proflt during
flnancial year 25126. The benefits of the Community store are already apparenl. as it provides both
employment and volunteer opportunities. as well as a focal polnt in the community, but we need now to
ensure that it becomes a viable commercial entity to be both self-SUStaining, but also able to reinforce the
broader charitvs reserves. Providing the skills to our volunteers to do this will also illustrate firm progress.
Moving fopward, the Trustees will contlnue to maximise the opportunltles for development of skills within
the community and our volunteer force, as well as expanding our volunteer base. We now engage with
the communlty more regularly to understand their needs, and we will expand this further into the future.
We have re-branded as a charSty, and launched a new website, as well as concentrating on our use of
social medla to ensure our messaglng Is not only consistent. but also reaches as wide an audience as
possible: we will continue in this veln. A key objective moving forward is to ensure we are able to provide
assistance and benefit to as many p8ople as possible across the community. And thereafter. measuring
the impact of the charity in the community remains an area for further developrnent. Providing assistance
and informatSon on healthy and affordable eatlng is another aim to help the community to thrive. And the
Board continues to engage with both regional and national potential donors to reinforce the longer tenn
financial security of the Charity.
Objectlves and aGtlvltles
Objects and alms
The principal objectives of the Charity contlnua to be those providing publlc benefit through the provision
of facilities, Infomation, advice and public recreation or other leisure tlme occupats'on, to improve
conditions for those living and working in the Taunton East area.
We have referred to the guldance contained in th8 Charity Commission's general guidance on public
benefil when reviewing our aims and objeclives and in planning our future activities.
Page 3

Taunton East Development Trust
Trustees. Report (contlnued)
Objectlves. stratsgies and activities
The objectives and strategy of the Trust are based on community need, with ongoing review and
monitoring procedures to be put in place. The trust provldes a range of specialist services to support
residents daily needs and lrfestyles.
Publlc beneflt
The twstees confim that they have complied with the requirements of section 17 of the Charities Act
2011 to have due regard to the public benefrt guidance published by the Charity Commi88ion for England
and Wales.
Use of volunteers
The charity is very invofved In the community and Is grateful for voluntary help. Volunteers assist with the
manning of reception and the administration of the charity, enabling lower staff costs that would otherwise
be the case. The charity is supported by a team of approximately 35 volunteers.
Structuro, gov•mance and managemant
Naluro of governlng document
Taunton East Development Trust is a company limlted by guarantee and was Incorporated on 22 May
2003 with company number 04774583. The charity is govemed by its Memorandum and Articles of
Association.
R•¢rultment and appolntm•nt of trustees
The current trustees are aware of the requlrements of the articles wlth regard to the appointment of
trustees, and have commltted to the charity for the duration of the five year strategy.
Inductlon and tralnlng of trust￿$
New trustees undergo an orientation course to brief them on their legal obligations under charity and
company law, the Content of the Memorandum and Articles of Associatlon, the committee and decislon
making process, the business plan and recent financial perfomiance of the charlty.
Trustees are encouraged to attend appropriate extemal training events where these will facilitate the
undertaking of the role.
Organlsatlonal structure
The charity is organised so that the Committee typically meets on a six week cycle to manage its affalrs.
There are ambassadors, a chainnan, a treasurer and admlnlstrative personnel vA)o adminlster the day to
day activities of the charlty,
Page 4

Taunton Easl Development Trust
Trustees. Report (continued)
Prlncipal risks and rlsk management
A Strategic Rlsk register is now maintained, which is reassessed at every Board meeting. The 4 major
risks to the operation of the charity identified are." Financial stabilty in an economically challenging
environment; a reduced volunteer base which undemines the continued viability of the charity" business
silience and continuity in what is a Small charity; the capacily and capabilrties of the charity are
stretched beyond sustsinable levels.
The Board contlnue to monitor cashflow and overall financial health In vthat remains a hugely challenging
environrnent. Volunteer numbers are healthy. but trustee numbers need to be increased. We are actively
seeking new Board volunteers. A Deputy Manager has been appointed to support the CEO. The
challenge is now ensuring this manager has the skillset to support the organisation effectively.
Consolidation remains the drive. rather than taking on significant new projects.
Going GonGOrn
The trustees have carefully Considered the charitls position as regards Its going concern status. Marglns
are tight, but continued close scrutiny and oversight means that the Trustees are satisfied in the Charlty's
ability to meet Sts obligations for the next 12 months. Applications for support from new benevolent
organisations should also assist.
The Trustees have prepared forecasts and budgets for the financial years endlng 31 March 2026 and 31
March 2027. These indicate that the charlty. has sufficient funds in order to be able to continue In
operation for this period, and therefore for the foreseeable future.
The Trustees therefore consider it appropriate for the a￿ounts to be prepared on a going concern basis.
Page 5

Taunton East Development Trust
Trustees. Report {contlnued)
Statement of trustees. responsibilities
The trustees (who are also the directors of Taunton East Development Trust for the purposes of company
law) are responsible for preparing the Trustees. Report (incorporating the strategic report and directors,
report) and the financial staternenls in accordance with applicable law and United Kingdom Accounting
Standards. including Financial Reporting Standard 102 Yhe Financial Reporting Standard applicable in
the UK and Republic of Ireland" (United KSngdom Generally Accepted Accounting Praclice).
Company law requires the trustees to prepare financial statements for each financial year which give a
true and fair view of the state of affairs of the charitable company and of the Income and expenditure. of
the charitable company for that period. In preparing these financial statements, the trustees are required
to:
select suitable accounting policies and appty them consistently:
observe the methods and principles in the Charities SORP",
make judgements and accounting estimat68 that are reasonable and prudent;
state whether appllcable UK Accounting Standards have been followed, Subject to any material
departures disclosed and explained in the financial statements,. and
prepare the financial statements on the going concem basis unless it Is inappropriate to presume that
the charitable company wlll continue in business.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable
accuracy at any time the financlal position of Ihe charitable company and enable them to ensure that the
financial statements comply wlth Ihe Companies Act 2006. They are also responsible for safeguarding the
assets of the charitable company and hence for taking rèasonable steps for the prevention and detection
of fraud and other irregularities.
The trustees are responsible for the maintenance and integrlty of the corporate and financial Infomation
included on the charit8ble compan￿8 website. Legislation In the United Kingdom goveming the
preparatlon and dissemination of financial statements may differ from legislation in other jurisdictlons.
1fj10312026
Th8 annual report was approved by the trustees of the charity on
by".
and signed on its behalf
Mr David Lee Kassapian
Trustee
Page 6

Taunton East Development Trust
Independent Examinerfs Report to the trustees of Taunton East Development Trust ('the
Compan￿)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31
March 2025. which are set out on pages 8 to 29.
Responsibiliti•s and basis of report
As the charitys trustees of the Company {and also directors for the purposes of company law) you are
responsible for the preparation of the accounts In accordance with the requirements of the Companies
Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the Company are not requlred to be audited under Part 16 of
the 2006 Act and are eligible for independent examination, I report in respect of my examination of your
charity's accounts as carrled out under section 145 of the Charities Act 2011 {'the 2011 Act'}. In Ca￿yIng
out my examination .1 have followed the Directions given by the Charity Commission under section
145(5){b) of the 2011 Act.
Indep•ndent examln•r's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with
the examlnation giving me cause to believe:
1. accounting records were not kept in respect of Taunton East Development Trust a8 required by
section 386 of the 2006 Act; or
2. the accounts do not accord with those 8ccounting records: or
3. the accounts do not comply with the accountlng requirements of sectlon 396 of the 2006 Act other
than any requirement that the accounts give a 'true and fair view, whlch is not a matter considered
as part of an independent examination. or
4. the accounts have not been prepared in accordance with the methods and principles of the
ststement of Recommended Practice for accounting and reporting by charities [applicable to
charities preparing their accounts in accordance wlth the Financial Reportlng Standard applicable in
the UK and Republic of Ireland (FRS 102)].
I have no ¢oncems and have come across no other matters In connection wlth the examinatlon to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Sarah Twist FCA DChA
A C Mole LLP
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA12PX
Page 7

Taunton Easl Developm8nt Trust
Statement of Financlal Activities for the Year Ended 31 March 2025
(Including Income and Expendlture Account)
Unrestricted
funds
Restrlcted
funds
Total
2025
Not•
Income
Donats'ons and legacles
Charitable activities
Other trading activities
Total income
(468)
57,310
5,184
1,126
78,614
658
135.924
5,184
62,026
79,740
141.766
Expendituro
Raising funds
Charltable activities
(379)
101,466
{2.989)
78,774
(3,368)
180,240
Total expenditure
101,845
81,763
183.608
Net expenditure
39,819
2,023
41,842
Net movement in funds
(39,819)
(2,023)
<41,842)
Roconclllatlon of funds
Total funds brought forward
Total funds carried foMard
83,815
43.996
39,268
123,083
21
37,245
81.241
Total
2024
£IA6
restated)
Unrnstrlctod
funds
Rostrlcted
funds
Note
Income
Donations and legacl&s
Chariiable activities
Other trading activities
Total Income
14,020
62,423
6,400
3,000
109,761
17,020
172,184
6,400
82,843
112,761
195,604
Expendlture
Raising funds
Charitable activities
{1,677)
129,146
(1,677)
{229,648
100,502
Total expenditure
130,823
100,502
231,325
Net incomel(expenditure)
Transfers belween funds
(47,980)
17,480
12,259
17,480
(35,721 }
Net movement In funds
(30,500)
(5,221)
(35,721)
Roconclliatlon of funds
Total funds brought forward
Total funds carried ft)rward
114,315
44,489
158.804
21
83.815
39.268
123,083
The notes on pages 11 to 29 form an integral part of these financial statements.
Page 8

Taunton East Development Trust
(Registratlon number: 04774583)
Balance Sheet as at 31 March 2025
2024
£(As
reststed)
2025
Note
Fixed assets
Tangible assets
Investrnents
13
14
38.601
49,817
17,600
67,417
38.601
Nonrfurrent as$•ts
Debtors over one year
Currant assets
Stocks
Debtors
Cash at bank and In hand
50,088
15
16
17
250
21,326
6,899
28,475
302
48,160
42,761
91,223
Creditors: Amounts falllng due wllhln one yoar
Net current assets
18
21,812)
13,084
6.663
78.139
Total assets loss current Ilabllltle8
95,352
145,558
Credltors: Amounts falllng duo after moro than one year
Net assets
19
14,111
22,473
81,241
123,083
Unrestricted funds
43,996
83,815
Restricted funds
37,245
39,268
Total funds
21
81,241
123,083
For the financial year ending 31 March 2025 the charity was entltled to exemption from audit under
section 477 of the Companies Act 2006 relatlng to small companies.
Directors, responsiblllties:
The members have not required the charty to obtaln an audit of its accounts for the year in question In
accordan￿ with section 476; and
The directors acknowledge their responsibilities for complying with the requirements of the Act wlth
respect to accounting records and the preparation of accounts.
The notes on pages 11 to 29 fom an integral part of these financial statements.
Page 9

Taunton East Development Trust
(Registratlon number: 04774583)
Balance Shaet as at 31 March 2025 (continued)
312026
The financial statements on pages 8 to 29 were approved by the trustees, and authorised for issue on
and signed on their behalf by.
9.2. Z4
Mr David Lee Kassapian
Trustee
The notes on pages 11 to 29 form an integral part of these financial ststements.
Page 10

Taunton East Development Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
1 Charlty ststus
The charity is limited by guarantee. incorporated in England & Wales. and consequently does not have
share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets
of the charity in the event of liquidation.
The ad4Jress of its regISte￿d office is:
The Link Centre
12 Moorland Close
Taunton
Somerset
TA12DD
2 Accountlng poll¢les
Summary of signlficant accounllng pollcles and koy accountlng estlmates
The principal accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all the years presented, unless otherwise sL3t8d.
Basis of preparatlon and stal•mont of compllance
The financial statements have been prepared under the hlstorical cost conventlon with items recognised
at Cost or transactlon value unless stated otherwise within these notes. The financial statements have
been prepared in accordance wlth Accountlng 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 Republlc of Ireland (FRS 102)) (issued in October 2019} - (Charlties
SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102) and the Companles Act 2006.
Taunton East Development Trust meets the deflnition of a public benefit entity under FRS 102.
Page 11

Taunton East Development Trust
Notes to the Financlal Statemonts for the Year Ended 31 March 2025 (contlnued)
2 Accounting policies (continued)
Golng concern
The financial statements have been prepared on a golng concem basis, whlch assumes the charity will
continue in operation for a period of at least twelve months from the date of authorisation of the financial
statements and have sufflclent funds to pay debts as and when they fall due.
The trustees have carefully considered the Chari￿s position as regards its golng concern stslus. Margins
are tlght, but continued close scrutlny and oversight means that the Trustees are satisfied in the Charity's
ability to meet its obligations for the next 12 months. Applications for support from new benevolent
organlsations should also assist.
The Trustees have prepared forecasts and budgets for the financial years endlng 31 March 2026 and 31
March 2027. Th8se indicate that the charity, has sufficlent funds in order to be able to continue In
operatlon for this period, and therefore for the foreseeable futur6.
The Trustees therefore consider It appropriate for the accounts to be prepared on a golng concem basls.
Income
All income is recognised once the charity has entitlement to the incorne, it is probable that the income wlll
be received and the amount of the income receivable can be measured reliably.
Donatlons and legacles
Donations are recognised when the charity has been notified in writing of both the amount and settlement
date. In the event that a donation is subject to condltlons that ffjquire a level of performance by the charity
before the charity is entilled to the funds, the income is deferred and not recognlsed until either those
condltions are fully met, or tha fulfllment of those conditions Is wholly within the control of the charity and It
18 probable that these conditions wlll be fulfilled in the reportlng period.
Grants rnc•ivablg
Grants are recognised when the charity has an entltlement to the funds and any conditions linked to the
grants have been met. Where performance conditions are attached to the grant and are yet to be met, the
income is recognised as a liablllty and included on the balance sheet as deferred Income to be released.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, It Is
probable settlement is required and the amount can be measured reliably. All costs are allocated to the
applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be
directly attributed to particular headlngs they have been allocated on a basis conslstent with the use of
resources.
Ralslng funds
Th8S8 are costs incurred in attracting voluntary income, the management of investments and those
incurred in trading activities that raise funds.
Page 12

Taunton East Development Trust
Notes to the Financlal Statements for the Year Ended 31 March 2025 (continued)
2 Accountlng policies {contlnu•d)
Charitable activities
Charitable expendlture comprises those costs incurred by the charity in the delivery of its activities and
services for its beneficiaries. It includes both costs that can be allocated directly to such activities and
those costs of an Indirect nature necessary to support them.
Grant provlslons
Provisions for grants are made when the intention to make a grant has been communicated to the
recipient but there Is uncertainty about elther the timing of the grant or the amount of grant payable.
Support costs
Support costs include central functions and h8ve been allocated to actlvlty cost categori88 on a basis
consistent with the use of resources, for example. allocatlng property costs by floor are8s. or per capita,
staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attrlbutabl8 to the charity's compliance wlth constitutional and statutory
requirements. including independent examination, strategic managemenl and trustees meetlngs and
reirnbursed expenses.
Irrecoverable VAT
Irrecoverable VAT is charged against the Category axpenditure for which It was incurred.
Taxatlon
The charity is a registered charlty and IS. therefore, exempt from liablllty to taxation on it's Income and
capital galns, to the extent that such income or gains are applied exclusively lo charitable purposes.
Flxed a8S•t Invostmonts
Social investments are included within fixed asset investments. The Trustees have classed the charitys
investment in Link Community Store Ltd as a mlxed motive investment. Mixed motive investments are
recorded at original cost less Impaiment.
Tanglble flx6d assets
T8ngible fixed assets are initlally recorded at cost, less any subsequent accumulated depreciatlon and
subsequent accumulated impairment losses.
Depreclatlon and amortlsatlon
Depreciation Is provided on tangible fixed assets so as to write off the cost or valuation, less any
estimated residual value, over thglr expected useful economlc life as follows:
Asset class
Computer equipment
Depreclatlon method and rale
200/0 Reducing balance
Page 13

Taunton East Development Trust
Notes to the Flnancial Statements for the Year Ended 31 March 2025 (continued)
2 Accounting pollcl•s (continued)
Motor vehicles
Plant & equipment
20OA Straight Line
10fi/o Reducing balance
Stock
Stock is valued at the lower of cost and estimated selling prlce less costs to complete and sell, after due
regard for obsolete and slow moving stocks.
Cash and cash 6qulvalents
Cash and cash equivalents comprlse cash on hand and call deposits. and other short-term highly liquid
investmenls that are readily convertible to a known amount of cash and are subject to an insignificant risk
of change In value.
Trado crodltors
Trade credltors are obligations to pay for goods or se￿ICeS that have been acquired in the ordSnary
course of business from suppliers. Accounts payable are classified as current Ilabilities if the charlty does
not h8ve an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at
least twelve months after the raportlng date. If there is an unconditional right to defer settlement for at
least twelve months after the reportlng date. they are presented as non-current Ilablllties.
Trade credltors are ￿cOgniSed Inltlally at the transaction prfce and subsequently measured at amortlsed
cost using the effective interest method.
Fund structur•
Unrestricted income funds are general funds that are avallable for use at the trustees discretion in
furtherance of the objectives of the charlty.
Restricted income funds are those donated for use In a particular area or for speclflc purposes, the use of
which is restricted to that area or purpose.
Flnanclal Instrumont•
The charity only enters inlo basic financial Instruments that result In the recognition of financial assets and
liabilities such as trade and other debtors and creditors together with loans to related parties. Debt
instrurnents, such as trade debtors and creditors, are initially measured at transaction price and
subsequently measured at amortised cost.
Financial assets are assessed at the end of each reporting period for objective evidence of Impairment. If
objective evidence of impalrment is found, an impaimient loss is recognlsed in the income statement.
Basls of consolldatlon
The financial statements presenl infomation about the company as an individual undertaking and not
about its group. The company and ils subsidiary undertaking Link Community Store Limited. comprise a
small-slzed group. The company has therefore tsken advantage of the exemptions provided by the
Charities SORP {FRS102) and the Companies Act for small groups and consolidated accounts are not
prepared.
Page 14

Taunton East Development Trust
Notes to the Financlal Statements for the Year Ended 31 March 2025 (contlnued)
2 Ac¢ountlng poll¢ios (contlnued)
Critical accounting judgemènts and estlmation uncertainty
The preparation of the financial ststements in Conformity with FRS 102 requires management lo m8ke
judgements, estimates and assumptions that affect the application of policies and reported amounts of
assets and liabilities. income, and expenses.
Estimates and judgements are continually evaluated and are based on historical experience and other
f8dors. induding expectatlons of future evenls that are believed to be reasonable under the
circumstances.
The charity makes estimates and assumptions conceming the future. The resulting accounting estimates
will, by definition, seldom equal the related actual results. The Trustees consider that there are no critical
accountlng estimates and judgements that have a significant risk of causing a material adjustment to the
carrying amounts of assets and liabilities Within the next financial year.
Prlor pèriod adjustment
Where an error or omission is identified In respect of comparatlve figures thls Is adjusted In the precedlng
period.
Page 15

Taunton East Development Trust
Notes to the Flnancial Statements for the Year Ended 31 March 2025 (continued)
3 Income from donalions and legaclès
Unrestrlctèd
funds
Restrict•d
funds
Total
2025
Donations
Grants
(468)
1,126
658
468
1,126
658
Unr•strictsd
funds
Restricled
funds
Total
2024
Donations
Grants
14,020
14,020
3,000
17,020
3,000
14,020
3.000
4 Income from charltablo actlvltl8s
Unrestrlcted
funds
Restricted
funds
Total
2025
.Link power income
Grants- general
Grants - restricted
Misc income
54,996
54,996
78,614
78,614
2,314
135,924
2,314
57,310
78,614
Unr•8trlcted
funds
Roslrl¢ted
funds
Total
2024
Llnk power Income
Grants - general
Grants - restricted
Misc income
40,936
14,500
40,936
14,500
109,761
6,987
172,184
109,761
6,987
62,423
109,761
Page 16

Taunton East Development Trust
Notes to the Flnanclal Statements for the Year Ended 31 March 2025 (contlnued)
5 Income from other trading actlvltles
Unrestricted
funds
Restricted
funds
Total
2025
Raffle receipts
Trading income
Link kitchen incorne
Coffee momings Income
Misc Income
Events Income
Activlty day receipts
254
254
751
2,865
751
2.865
1,314
1.314
5,184
5,184
Unrestricted
fund$
Restrfct•d
funds
Total
2024
Raffle recelpts
Trading Income
Link kitchen income
Coffee moming8 income
Misc Income
Events Incom•
Activity day receipts
115
115
375
740
4,577
375
740
4,577
593
593
6.400
6,400
Page 17

Taunton East Development Trust
Notes to the Flnancial Statements for the Year Ended 31 March 2025 (continued)
6 Expendlture on ralsing funds
a} Costs of trading actlvltFos
Unrestrlcted
funds
Restrlcted
funds
Total
2025
Link kitchen costs
379
2,989
2,989
3,368
379
3.368
Unrestrf¢t•d
funds
Rostrictod
funds
Total
2024
Link kitchen costs
1,677
1.677
1.677
1,677
7 Expenditure on charltablè activltles
Unrestrlcted
funds
Restrlctod
funds
Total
2025
Activlty days costs
Soclal Investment impairmenl
Staff costs
Allocatad support costs
Governance costs
12.223
12,223
17,61)0
57.934
86,979
5,504
180,240
17.600
35,434
44,928
3,504
101,486
22.500
42,051
2,000
78,774
Unrestrlctsd
funds
Restrlcted
tunds
Total
2024 £
(As restatsd)
11,548
52,485
3,753
3.000
45,180
108,803
4,879
Activity days costs
Shop refurbishment
Skateboarding
Grant funding of activities
Staff costs
Allocated supporl costs
Govemance costs
10,900
15,561
2,190
3,000
21,000
47,851
36.924
1,563
24,180
60.952
4,879
129,146
100,502
229,648
Page 18

Taunton East Development Trust
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
8 Analysis of governance and support costs
Unrestrlctèd
funds
Restricted
funds
Total
2025
Opening Stock
Closing Stock
Profil on fixed assets
Staff training & development
Volunteers
Water
Electricity
Repalrs & maintenance
Telephone
Office insurance
Tipper lease
IT & computer software
ststionery & office consumables
Materials for Ilnk power jobs
Cleaning
Motor expenses
Safety clothing & equipment
COVID expendlture
Advertlsing & marketing
Sundry
HMRC interest
Depreciation
Loan inlerest
Lamplight database
Travel
Entertainment
Website
302
{250)
<500)
302
<250)
(500)
126
5,462
126
5,462
643
4,233
600
4,233
3,924
2,027
4,425
5,736
511
210
1,172
11,861
11,785
1,570
27
63
6,488
43
13,436
1.609
3.330
525
421
7,800
86,979
3,324
2,027
3,225
3,236
1,200
2,500
511
109
500
101
672
11,861
2,785
9,000
1,570
27
63
763
43
12.001
1,609
1,330
345
421
900
5,725
1,435
2,000
180
6,900
44,928
42,051
Page 19

Taunton East Development Trust
Notes to the Financial Statements for the Year Ended 31 March 2025 (contlnued)
8 Analysis of governance and support costs (ContInu￿)
Unrestricted
funds
Restrlcted
funds
Total
2024 £
(As restat•d)
360
(302)
{2,737)
153
2,332
853
2,224
Opening Stod(
Closing Stock
Profit on fixed assets
Staff training & development
Volunteers
Water
Electricity
Repairs & maintenance
Telephone
Office Insurance
Tipper le8se
IT & computer software
Stationery & office consumables
Materials for link power jobs
Cleaning
Motor expenses
Safety dothing & equipment
Subcontractor costs
COVID expenditure
Flat refit costs
TNL projects
Advertising & marketlng
Sundry
Consultancy fees
Legal fees
HMRC interest
Depreciation
Loan Inlerest
360
(302)
{2,737)
150
2,332
853
2.224
649
871
923
3,959
1,794
3,959
10,774
382
173
804
49
10,043
1.057
5,790
2,560
21,422
13,463
796
9,520
4,880
1,242
45
14,484
2,034
108,803
10.774
382
173
804
49
5.000
1,057
5,043
5,790
2,560
21,402
400
20
13,083
796
9,206
4,880
1,120
314
122
45
12,820
2,034
1,664
60.952
47,851
Page 20

Taunton East Development Trust
Notes to the Flnanclal Statements for the Year Ended 31 March 2025 (contlnued)
9 Net incomel(expendlture)
Net expenditure for the year includes".
2025
2024
Independent examlner's fee
Depreclation of fixed assets
3.550
13.436
3,225
14,484
10 Trustees romuneratlon and 6X￿nS•S
During the year, no trustee <2024: One) re￿iVed reimbursement for expenses incurred of £Nil {2024'.
£1,600). No trustee (2024.. One) received £Nil (2024: £300) in vouchers in their capacity as a volunteer.
11 Staff costs
The aggregate payroll costs wer& as follovrfs:
2024
£(As
restaled)
2025
Staff Gosts durlng the yèar w•ro'.
Wages and salarles
Social security costs
Pension Gosts
56,387
237
1,310
57.934
44,410
770
45,180
The monthly average number of persons {includlng senior management I leadership team) employed by
the charity during the year expressed as full tlme equivalents was as follows:
2025
No
2024
No
Management and office staff
Two {2024 - Two) of the above employees participated In the Defined Contribution Pension Schemes.
The key management personnel of the charity comprise of the trustees of the charity. The totsl employee
benefits of the key management personnel of the charity were £Nil (2024: £Nil}.
No employee received emoluments of more than £60,000 during the year (2024: None).
Page 21

Taunton East Developmant Trust
Notes to the Flnanclal Statements for the Year Ended 31 March 2025 (continued)
12 Taxation
The charity Is a regislered charity and is therefore exempt from taxation on its income and gains to the
extent that such income or gains are applied exclusively to charitable purposes.
13 Tanglble fixed a888ts
Furnlture and
equipm•nt
Motor
vehlcl•s
Plant &
equlpment
Totsl
Cost
At 1 Aprll 2024
Additions
Disposals
8,877
44,094
37,012
2,220
89.983
2.220
1,000
1,000
At 31 March 2025
8,877
43,094
39,232
91,203
Depreclatlon
At 1 Aprfl 2024
Charge for the year
Ellminated on disposals
At 31 March 2025
6,726
439
24,217
8,619
1,000
9,223
4,378
40,166
13,436
1,000
7,165
31,836
13,601
52,602
N•t book valu•
At 31 March 2025
1.712
11.258
25,631
38,601
At 31 March 2024
2,151
19,877
27,789
49,817
Page 22

Taunton East Development Trust
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
14 Fixed asset investments
Shares In group undortakings and partlclpating interests
Subsidiary
undertaklngs
Total
Cost
At 1 April 2024
Impairment
17.600
17.600
17,600
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
17,600
17,600
Detalls of undortaklngs
Details of the investments in whlch the Charity holds 20Yo or more of the nominal value of any class of
share capital are as follows:
Country of
Incorporatlon
Proportlon of votlng
rfghts and shares held
2025
2024
Und•rtaklng
Prln¢lpal
actlvlty
Holdlng
Subsldiary undartaklng8
Link Community Store Ltd England & Wales Ordinary
100/
1 OOYO
Local shop
Subsldlarlos
The loss for the financial period of Link Community Store Ltd was £18,762 {2024.- £23,005) and the
aggregate amount of negative capital and reserves at the end of the pertod was £24,167 (2024: £5.405).
15 Stock
2025
2024
Stocks
250
302
Page 23

Taunton East Development Trust
Notes to the Flnanclal Statements for the Year Ended 31 March 2025 (Gontlnued)
16 Debtors
2025
2024
Trade debtors
Due from group undertakings
Prepayments
Accrued income
20.813
50,088
513
1,555
40,876
5.011
718
71.414
48,160
Debtors includes £50,088 (2024: £Nil) receivable after more than one year.
2025
Due from group undertakings
50,088
17 Cash and cash equivalents
2025
2024
Cash on hand
Cash at bank
30
6,869
6,899
42,761
.42.761
18 Crodltors: amounts falllng due wlthln one year
2025
2024
Trade creditors
Other loans
Other taxalion and social security
Other creditors
Accruals
5,720
8,362
3,173
7,879
546
459
4,200
13,084
4.557
21,812
19 Credltors: amounts falling due after ono year
2025
2024
Other bans
14,111
22.473
Page 24

Taunton East Development Trust
Notes to the Flnancial Statements for the Year Ended 31 March 2025 (contlnued)
20 Obligations under leases and hlre purchas8 contracts
Operating lease commltments
Total future minimum lease payrnents under non-cancellable operating leases are as follows:
2025
2024
Within one year
Between one and five years
5,736
22,436
28,172
5,736
28,173
33,909
Page 25

Taunton East Development Trust
Notes to the Financial Statements for the Year Ended 31 March 20251continued)
21 Fund8
Balance at
1 Aprll
2024
Balance at
31 March
2025
Income
Expenditur• Transfers
Unrestricted funds
83,815
62.026
{101.845
43,996
R•8trlcted funds
Link power fund
Activity days grants
Rotary club - grant for new
kltchen costs
Skateboarding
Fuel poverty fund
The National Lottery
Community Fund
Commissionerfs Crime
Prevention Fund
The National Lottery
Community Fund Grant
Welfare fund
SCF - Help through winter
Somerset council
886
2,600
(36)
(2,600)
850
914
2.750
(94)
820
2,750
1,126
1,126
8.654
(867)
7,787
4,366
(438)
3,928
2,$71
16,527
46,114
(37,726)
(10,789)
(19,928)
9.285
10,959
5,738
72
3,215
20,000
Total rgstrict•d funds
39.268
79.740
81.763
37,245
Totsl funds
123,083
141.766
183,608
81.241
Page 26

Taunton East Development Trust
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
21 Funds (contlnu•d}
Balance at
31 March
2024
£(As
rnstated)
83,815
Balance at
2023
Income
Expgnditure Transfers
Unrestricted funds
114,315
82,843
130.823
17,480
Restrlctsd funds
Link power fund
Activity days grants
Rotary club - grant for new
kitchen costs
Skateboarding
SCF- Shop refurbishment
Fuel poverty fund
The Nalional Lottery
Community Fund
Commissioner's Crime
Prevention Fund
Albert Goodman - grant for
Link Community Store Ltd
The National Lottery
Community Fund Grant
Welfare fund
Pollc8 commissioner
1,063
5,500
(177)
<2.900)
2,600
1,018
4.940
17,500
{104)
(2,190)
914
2,750
{17,500)
20
{20)
9,616
(962)
8,654
4,852
(486)
4,366
3,000
{3,0001
69,761
35,000
{67,190)
(18,473)
5,000
2,571
16,527
Total restricted funds
44.489
100,502
17,480
39.268
Total funds
158,804
195,604
231,325
123,083
Page 27

Taunton East Development Trust
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
21 Funds (continued)
Link Power fund
The project carries out maintenance, gardening, litter-pi¢king and general
improvements around the local area. This project has been funded by way of grant income and from
charges levied on the work carried out. The restricted fund represents capital assets funded by way of
grant. Link Power fee income is treated as unrestricted income.
Activities Days grant - These grants were given to help fund the activities days provided by the ￿ntre.
Rotsry Club grants for new kitchen costs Thls grant vrfas given to help fund the move to the new
premises and to fit out and equip the kitchen In particular. The restricted fund represents capitsl as8ets
funded by way of grant.
Skateboarding grants have been received from SWT and SSAP to fund the skate club.
The SCF grant for shop refurbishment was recelved towards the for shop refurblshment and it's working
capital.
Fuel povety fund was received to subsidi3e family household fuel costs.
The National Lottery Community grant fund received for shop fittings and counter. The balance on the
fund is represented by the net book value of the fixed assets held.
The Commissionerfs Crime Prevention Fund was received to purchase tools for the Llnk Power project.
All funds have been spent and the balance on the fund represents the net book value of.the assets held.
Albert Goodman - gr8nt for Llnk Community Store Ltd was received to replenish stockholdings for the
store, and assist developmenl of the shop's suslainability.
The National Lottery Community Fund Grant is a 5 year funding agr68ment to support Halcon Outreach
awarded in March 2021.
Welfare Fund was provided to asslst families in dire need with one-off dired financial grants, subject to
certain criteria.
SCF - Help through winter
Fund provlded to underpin organisatlons, costs during the hard winter
months. and backfills those costs so that monies can be laken fotward Into the next year.
Somerset councll - Fund provided for speclfic activities including, provide support to the unemployed and
romove 100 tons of rubbish from the area per annum.
Page 28

Taunton Easl Development Trust
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
22 Analysls of not assets between funds
Total funds
at 31 March
2025
Unrestrlct•d
funds
Restrictsd
funds
Tangible fixed assels
Fixed asset investments
Non-current assets
Currerrt assets
Current liabilities
Creditors over 1 year
Total net assets
22,996
15.605
38.601
50.088
6,835
(21,812)
14,111
50,088
28,475
{21.812)
14,111
81,241
21.640
43,996
37,245
Tolal funds
at 31 March
2024 £
{As restat•d)
49,817
17,600
91.223
(13.084)
22,473
Unrestrlctsd
funds
Restrictod
funds
Tanglble fixed assets
Fixed asset investments
Current assets
Current liabilities
Creditors over 1 year
Total net assets
34,933
17,600
66,839
{13,084)
22,473
14,884
24,384
83,815
39,268
123.083
23 R•lat•d party tran$aGtlon8
Paul Hughes, who resigned as a trustee on 25 October 2024, is also a director of Evo Agency. During the
period that Paul Hughes was a trustee Taunton East Development Trust were invoiced by Evo Agency for
Website costs of £6,240 (2024: £Nil). At the balance sheel date Ihe amount due tolfrom Evo Agency was
£Nil (2024: £Nil).
24 Prlor year restatemant
During the year the trustee8 identified that £52,647 of expenditure which was reported as unrestricted in
the prior period related to ￿stricted expendlture on The National Lottery Communlty Fund. The
expenditure was reported to the National Lottery as expenditure on the fund. Accordingly, the
comparative figures have been restated to reclassSfy £52,647 of expenditure from unrestricted to
restricted. As a result of this adjustment closlng unrestricted ftjnds as at 31 March 2024 have increased
by £52.647 to £83.815 and closing restricted funds decreased by £52.647 to £39.268. There Is no impact
on net assets as a result of this adjustment.
Page 29