Reglstor•d nornb•r 0197•205 Charlty numb•r 1111004 TORBAY ADVICE NEfwoRK (A COMPANY LIIthTED BYOUARANTEE) UMAUDITEO TRusfEw REpoirrANDFINANCIAL STATEMENY8 FOR T YEAR ENDED 31 MARCH 2025
TQRBAY AOVI¢E NETWORK {A COMPANY LIMITED BY GUARANTEE) CONTENTS P•g• R•lorert• Ind admlnlilr81iv• d&&41• of lh• ¢ony•ny, Ils TN8le98 ond •dvlMr• Chlmi•n'• 8t•t•m•nt Tnta•*' r•port rru¥t•••' f•Or1•1b1IIlI•# slal•m•nl IDd•p•nd•rt •x•min•¢S r•port stshm•nt of flnandal artlvlll B4l•no• iheet 3.11 12 13 14 16 1a-23
TORBAY ADvE NEf%YoRK (A COMPANY LIMITED BY OUARANTEE) REFERENCE AND ADNINISTrATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADvkseRS FOR THE YEAR ENDÉD J1 MARCH 2026 Trust••• Tim Godfr•y ICh#l, Sl¥e Gole Ethvard Loa Malth•w F•llow$ Comp•ny regl•tsr•d Trumb•r 08979205 Company r•ql•trr•d olll¢• 13 Hyde ftd Pawon TQ4 SBW Chirlty r•gl8t•r•d numb•t 1118804 Cth4rlty r•gl•t•r•d omE• Sulla 28 1 S MontpellK•r Ro•d Torqv8y TQ1 10L A¢U11 4 Everyihlng SW Lld 13 Hyd• R¢ad Paionlon TQ4 513W nk•r• Elarcl8y$ tjank PIC 618 Pul8co Avonu8 Paignlon Dovof4 TQJ 31T In•ur•n¢• brok•r Policy8e9 LLP 14 Bnghiwell Barns Waldringfigld Road Bnylilvio11 Sullolk IP100 Pag• 1
TORBAY ADVICE NETWORK IA COMPANY LIMifED BY GUAPAt4TEE CHAIRMANIS STATEMENT FOR THE YeAR CNOED ?1 MARCH 2026 The chthirmBn preEents hls Slalarnenl for thu year. We conlinu8 to s¢e Ihe ongoing impo¢1 ol Ihe ¢osl-of-lIll0 crisis on the cllont9 we sorye, wlitch Is eviden¢•d ltriiouqh an increase in requests lor'Better Off b8nefil c¥lculallons lor In and out of work $¢4nario$. Nobody Is Inimune to Ihe ¢0St.of-living ¢rl8is, we h8V9 seen 8 Stgnlft¢8fi1 Inefea¥o in Dur own operèllonal sorvic¢ d¢livory costs, as goneral overheads 8nd Speclalist Advi$of costs havo Increosod, mganlng existing 5ecuied ch&(ilabl# fundg t4fQ golling Incoasingly strel¢hed and reducirng our C&POGIty 10 8UPPQrt clignls. To help ¢ooiiler th¢¥¢ Increyso¥, we hayu conliiiued develcp rnor& collubof•tive partnershlps vAth VCSO'S in Torbay, which lia5 worked viell In goneral. $uch 8B Ihe Windmlll Cenlre. through our collaboralivo Advising Toibay seivic¢ dellvory, whoréby wo pool our financial ro$ourtos and advisof expertl$o lo moel Increoseo dernand and DflLii one point ol coniacl lo r8duco dupllcotlor¢ ol woik$. Wp olso Ihankful tor iho xpfyrtiso ol Pilf new Cuse Triag¢ Volunt••r, J&na. who wotk•d 2 dby8 Yoek. ellabling us lo supporl vvliioi4bltr cli¥nls 8nd m¥ximiY* Quf limiltsd c•pachty. Ime' very Ih&nklul to all our lundor5 ovor Uio p881 year an¢J vory proud ol Ihe work we'vrj dontr in117e lacé ol conlinued ¢hullong¢&, o¥ wilhoul th& conlinuod yupporl Irom tho Loilery, Tiusl? or foundations, w¢ wouldn't be able lo oftei such tr411¥1ui Iiiallonal 9ppoI1 Lo vulnqrDblL) residents in Tort)8y. The Trusletss romaits gfalolul lor the ¢Dnimllm¢nl Bnd erndopVOUf of our IndopendBnl conlr¥clofS. who enabl¢ us lo dvliver 811 our woth and lo ull 11)ose oigonls¥lloiis Ih•t haye $upported the ch#nly 8nd enabl(>d us lo lacilil•tO thg vacious prolfrcts. oou¢8e$, and progiammes dunng 11)e pasi year, oll ot which hovo lJo8n1<9o 10 •¢C¢SS. Torbay Adviro NOork h$9 rem•lnod Iin¥ncs&lly stabb and s¥¢urg durlng the puriod CQVafed by ihly roport •nd wlll coniSnuÈ lo idonlify and 8éok Jcceg5 lo fufbds to wn our llored programmès on p1¢S whore ihè need its 9r¢#wsl ¥rnLI wher¢ tho b¢i)•lil of Ouch 11oinino 1$ passed ort lo tho mombefs of our locol mMUnI1y. On a final nol¢b, we wish 10 boih w¢lcome pnd thank our naw T¢usleBB, Edword Leo and Mall Follows who ¢¥mfj onboard in Oclobor 2024 havy boen invaluable wilh 8UPPOrtln9 our ch8til8blo vislon. gOVgin8nco and Élralogic diroclion. Tim Qodffe D8lL 28 Oclo Page 2
TORBAY AOVICE NETWORK (A COMPANY LIMITED BY GUARANTEEI TRU5TEES' REPORT FQR THE YEAR ENDEts JI MARCH 2(J26 The Trustees pr¢g¢nt Ihoir annv81 (èport togeih41 wilh the Ilnanu81 stalomenls ol Iho Company lor the 1 April 2024 to 31 Maidi 2025 The Annual ropgrl Serves Ili& purpo80$ ol both a TnJ8t808' roport and a dirocloro, rèporl ufidcr cumpany l¥w. The Trusl¢es conlifm Ihal tho Annuol roporl aiid linarhcial slAlornoni$ of th¢ ¢hori18blo company comply svilli tho curienl siaiulory rgquiremenls, the reqbirern&nl& ol Iho ¢harilable cornpany's governing document &n¢J lh& provisionts ol thg Slaterngnl ol R8commendod practi ISORP> applicable lo ¢h9ri116s preparing Ihoir accounts In accoidart¢e with the Financial R8POrting stsndgrd applicable in the UK and. Republic ol Irolund {FRS1021 lofleclive 1 January 2019> Slnce Ihe Compolly qualifieg 48 8m811 undar Section 382 01 tha CampJni¢8 Act 2006, Iho Slraloglc report roquired of iiiedlurn and laige nipU108 undgr Iho Conipanioj A¢t 2006 ISlral@glc Roport and Diroctor8' Report) Rogulatsons 2013 has bBen ¢milled_ Obl•¢tlv¢• •nd ¢tlvl¢l•$ P&ll¢l•g and obl•GtIv•$ Torbuy Advico NotworK (TAN) giiyis lo supporl Iho advlco and ItTrl¢malion 8oclor In Torbay Ihrough signposlin9 $¢rvices, rnu11i-a9en troinlfig, lobbying, 8trrl4Ji¢ and devolopmenlal woth. TAN will colleot, ¢o118le, manilor and fftpnrl nn tho 8dvice and inlorr(i¥llon Be¢ior in Tarbay Idenlilying gups in 5gNic Pfovislon, st•fi. tralnlng Thd olhor re90UfCQ& and wlll support lolnt worklng inlUollvtt¥, In 8upporl ol tho above TAN will strive lo tsecomo Ihe n8lural Ghol¢e tor Ioc81 pooplo whon they nood inlormalion, training 'andlor idvice. 11 will 81rivB lo becomo a ¢onlre ol excvll¢nc• noted lor ousiomer soNire, lor goin9 that trxlru i)iile 11 wlll aiin lo be a niarkol leader, •1 Ihe forofronl ol now ond innovativ¢ $8ThSce dellvory wilhln Torbay, TAN will epilomlse ¥lron9 ptsilrioiship woiklng und ¢n$ut¢ equil&blo resoiirrkns 8¢ruBA Ilio TAN ¢ommunity. Thè Objects èfé To )dvance educaliDn for Ihe bonolil of the pvbll¢ In Torbay and lo promote lor the beThofil ol Iho public In Totbay Ihoso parts of th8 voluntary $eclo¥ whicli provldo &dCe and info8110 8frrvi¢•s by., the co.0rdinatn gnd doveloprnonl of hh 9711Y advico Ind ifftforrnation i?p4lcas with a •W lo improvino Iho quality Dnd paCItY ol, and pvbli¢ 8ccoss io, iueh &grylckp8', bl tha pr¢vi$lon d Irainlng iorvicos. ¢du¢•lional mal•iiul$, support and asibtart r•laOTrg to id¥M and infomalion se1ceS., ¥nd the promotion olco-operalion be00Th voluntsry 8eclor. advic organi88ts'on8 and all rolevanl 51alutory aulhorille$ and olhef bod195 In r6laiioTr io adv{ and infom?Iion 8eNlce$. TAN wa8 $&1 up lo implomenl Iho recommendallon$ ol the Advlce Slr818gy {2008) aiound Quallty, Tialnlng. Ac $$, Moniiorlng. Volunteer rOCfullm8nl. Slfalegic Voice and Ihe provision ol an Advi Centr•. The maln priorrt¥ lodjy are io Oeliver mulli.agency & communlty Iraining al ba81¢. 8killoO advisor and legal •dvi$or l8¥018 Monitor Ilie secior and use the Inlorm81ion lo develop tho TAN rAIMrnLinily Incfogso Ihe Stwaleo1¢ Voico ol lh8 seolor 8$ 8 whole Increase Quallly Standards Develop momb¢(ship stgndafds. Grlleiia and partl¢ipalion Aiira¢i new volunloer# lo TAN and Ihc Beclor Provide welt9rè support s¢Jrvi¢èS lo Ihose deemed mo$1 in e•d P8gg 3
TQRBAY ADVICE NETWORK IA COMPANY LINIITEO BY GUARANTEE) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 202S Objgctlvès and 6¥1118• (CONTINUED Pollclo• •rtd obJo¢tfivos l¢oiitinu¢d Future prionlie$ dgpend8nl on lundlng ale lo dcv•lop singto poinls ol entry vla an advKo hub, tolophone $ignpo$ling lino and web porial Ono or tho pth>rlllo8 of TAN ij to mons1 thts 8¢dor artd usc tho inlofinalion lo develop th8 TAN community. Efj¢h yoar we undL)rlake a Ifalning needs anolysis and th18 outlines Ihe roqulr•mont lor thv forlhcornlng year nd vig Tegulorly re%¥¢ addiliongl iequesls Ihrouglioul Iho y•Br. TAN will continue lo assess 11)B nèeds ol Ihfj community 8nd develup training lo ensu that 9dvlser8 and ornmui)Ilic5 hav4 Ihrf3 rn051 up lo dale Informalion and skim% lo underpin our aims lo impiove lh¢ quality ol dwi av&ilable In TOaY. Sgrvlce D•ll¥¢ry Ovorvl¢w We hav¢ $upportod 293 p•ople gnd h•ve lèlpod diants ts secvr• addllion•l In¢orno of £583,274 In tolal, Worklng In ¢ollabof81ion villh th& Wndmill Cenlro'A G¢narJli&l ALlvisor. we iubooqubntly 8dded a nftw volunteer advlsor who providos ¢li¢nls willi 8UPPOrt 9u¢h ag 801r Otl Calculoor¥s. Goneral Advlce gnd Irl4gos cllonl6 williln our iiiitrnal and oxiernal feforf81 sysiern lor l•ilored *upport, In addlllon, we lrnin?d 118 peoplo In ¢omMuftity and pracllllon•r WDtkshops ¢ov•rln9, Inlfodudlon to benefll6, Personal IndependefiLW Paymonls. Univ016al Credil $nd Chgllengkng DDclsioD&. Per•on-C•ntor•d Modol Our per8on.¢entèr8d sotvlce focu5ets on provlding qu811ty advicg over qu•nlity. The Increasing demand and ¢omplexily ol cli0111s sklPPOrt needy, lod lo u8 providln J an inlroductson ond h8s¢ssmenl phase wh¢fe cli&nts are Irig98d moro 11)orouihly and mgol with our Ilof 1 od¥l601 lo oxplaln $otvice. pr¢¢oss. benolllls) and identify iho exatl support Ihgt Is ¥¥quirod. Hero il is assessed how suppoil will bv doliveied ond by whoni 85 woll as th¢ eli•nl bgng support•d io •¢u88 all Ihe relovanl inlomialion needed to knavo a successful and elllclenl u80 ol appointm•nl Ilme wilh our mor• xperienGod advisor& Wè deliverod diop-lns at The Windmill ¢¢nlrg, Polgnlon Hb. Craliy Trox. Cèniiepeaty and In home g•l¢ings lo lurth¢r enable access of vlner8bI8 L,li¢nts. D•mand-lod The majorlty of IIKI ne¢d we see i¥ afoufid Pgrsonal Indepondenl Paym&nl&, wllh lorm lilllng, supporl fof appeals, rnedlcal 8$3Q85ments, Énd Tnbutt&l represonlalioi). As a colle¢liv8, Ihoro 1$ ¢ufronily onty g Small number of spè¢iallsl advisors who work on appeals ITh Torb?y. so wo worked lo upsknll our own in-house advi$ors (o byikl cJpD¥ily gnd oxp•rtloo. We 8150 dollvervd dcop-lns al The Windmill C&nlre. Gte81 Parks Community C•Trlre, Patgnion Hub. RlvHr¥ Lile Chur¢h an¢ ITh home 8ellin95 10 lurthrjf ènable 8c¢oss of vulnaiablo Gli8nls. Page 4
TOR8AY ADVICE NETWORK {A COMPANY LIMITEO BY GUARANTEE) TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDEO 31 MARCH 2I2S Objoctiv•$ and activitlès ICONTINUEDI Cornmvn 8upport Thfrmo Ou¢ Pètson<onlrod p•¢kY4ge help¥ lo inry¢a$o housghold inCm0. roducp oxpfjnd1tr1, and gencrilly promot• independenca. The support w89 nol limited to. bul coveiqd. Benefi18 odwco, includin9 ¥ceompanylng applic•tDn$ for PIP. U.C, Pgfflion Credll, All•ndanc8 Allowanc• and Caroff 5 Allowan¢• GuSdan¢è18UPPOrt wllh appoali, Blue B•dg• opplicathoTrs and bibunal advocacy Support with Housing Benefit appllGpllon8, f•gUnC41 Tax R•ducllon$. Houseliold Supporl Fund8, ond 9ianl appllcalions lio Ihb loc41 &ulh(7nly. truils #Trd loundallon$). lo fund homè pr0MInIS and adaplioni, maximi¥ing IndepcndDnc• 1 horn& AdvJ¢• Worshops, delivery of a Jorios of communily-b•sed Woik&hop5. whlch helpad iTrlpm. ral$e awarqn•$s and •nablo p•opl¥ hg•d 10 &cce$s uncl•imgd onlillemenls. Sionposling to addilional voluntary seclai support10 undetpin independence, wellbeing, and flnanciHI inclugion Cliill•iiye6 Ind Loarnlng As evor, th• cli•nts wo 8t0 $00ing i•mly have jusl offlo prn8onlln9 iiiu•. Typl¢•lly, dlqiits ¢om¢ lo u& 8ft•r m•ny yea[¥ of $1ruggling with èc¢ossing Publ lorvi9 lffi gèneral and are oftan b•wild•r•d by tho bon•fits iy¥lem. The cll¢nt& we SUPPDrt hove often bo¢n l¢1 down Qn mulliph occa&lon$, l? pMctltlon•rg nol fully Dnd0r•t8ndg thvir Support nogd•, Th1• mean& li can take a loc mor¢ lirne lo build # rel81Sonshlp of Ifust prov0 811 Ihe 8UPPPrt r¢qulfgd lor langlblè outcomoj. W• hov• also $oon on in¢r•a8e In appèals. both ot Mandttlory Recon•er•(lOrn afid Tribun41 Hg•rlng8. Th•(• * évfrral roason6 In this rega, one bèlng Ilmil 8genGy Support in Torb8y. ofien duo lo capacity ¢hgllenoes and lack of ro1oYAnl ipeGialist advi&of •xp&rionco. AppoJls and Tiibunaly ole eomplax )nd lÉméty whlch d•ierg somo VSCO in th• first pl•c4 which than means cllonts lry to apply oi appeal by Ihems•lvos which 1$ very rar•ty SU¢¢e8$1ul. Cli#nts Supportvd Jouinoy Cllants Can be wlth u3 froni the stsrt or ean loln at any poinl on Iheif $UPPOrt J¢)Urn•y'. In lerms of acc8s&ing oui sorvico, som* cJlenl8 3ell-rel&r, g•naially oftèl 8 word4frfnoulh rocommefidaliorn. bul the majonty are fel8ri¢d Ifom ollier Stal10[Y ¥nd voluTrtsry servictt¥. Wo lake releirals from local Job Centre$, Adult Social C8r8 Toam including mental ho8llh, Mencap. PLUSS. Age Ui( Wha¥$ your Problgm. sociol Pfesciib¥fs, wollbeing GDordlng101s. er)mmunliy builde. housing assoc•at10119, lood bpnk&, tho CDmmunity H¢lpiine, NHS. Dimènslon lof Autl$m, and othèr VCSO'8 a& app1&ble. InGroa8lng knowledgè ol Entilltments Tho ¢o$1-ol-livlng ¢risi5 conts"nue$ to irnpact our clents. who are struggling lo pay for day-to4ay tS38Tr1i•ls. We oller all c&ents a compreh•n$ive onllne bèrtéfil check lo eniuro Ihey arn ce1VIng ewrything they are ontslled to maxlmlzing thoir income, We vlllise thege 'bett¢f off ¢wOI1u(l&', wheie •pproptiato. lo dele[119 eflecl moving into work or inrlèasing or sornetoS deueasitbg Ilf working hour$ Wold hav8 on thélr ovarau financial pg$ib¢n. This beller oft cfjlculatiorb oftan hlghlyht& ben8flts ¢li8nls ale èntiilod to, which inlo conllnu¢d $wpport and guidance to ald wlth o¢¢essin9 en[lod enlJllern?nt$. Page 5
TORBAY ADVICE NETWORK IA COMPANY LIMITED BY GUARANTeE) TRUSTECS. REPORT (CONTINUED} FOR THE YEAR ENOCD 31 MARCH 2025 Qbj¢¢tlv•8 &Dd acil¥illos ICONTINUEDI Tralning F••dbaGk PA)Iow stai¢m8ni8 ar• f(•m pryctstsDn4fS and volunt•crs. who a110nd¢d ¢Uf m1 recornl Wufkshops. All Ilie 6our$•$ I 4fiondod hèJv6 boen Ihorovohly onJoy8bltg. 0¢3110n1, woll Iliought lhph und wlTiI Iho L%Jnlenl is dry and irtlenso, th8 facilil8lor soniohow in&ktts11 easy IQ ilfi¢Joisland und as light 8S POS51bln. A very usful inlroduction lo Unlvoisal Qèdll gnd holp with inlomi8llon to fv'll in pop8rwoth, wlJiGh was mwelvJble Th6 Conlenl 1$ aXC8llpnl, w6 went throv9h th• Uniwrsai C/adll wort( capability quèJltonnnir4 w9.% in$igfvttul Excellenl as alway$, lftlormotlvo. l nd tho hundouts hfrlplul, gosy 10 frnd Ilie Inlormatloh •ller IM COUf¥• hfja lini¥hod wiiich 1$ u8011 wli•n holpifig o clieirl as coil rolleth on wh&1 we lo>8ml. 7h8 18cili1171ot was umaxlno, tyory knowlodgoablo •nO abb lo &xpl?In Ihin98 In dolalj. Ro8lly uselul boiiig ?bla lo go ovor tlja dosciiplors. poinls lor PIP. Al$0. oxlipmoly ulIjI in bginy able ts go ovof cés& 8¢wnanos fill rn Iho 8pplicalion fomi, whfch hejpod brlng Ilie Ir4ining log8lh¥i. I'm vgry rtew to thi8 2J•ctor, this was a gaod undJrstandirtg olbasks, and Ib& handout$ wef• wory potxl. Publlc b•n•flt Tho Tru$lofy5 confim Ihal they ha mPlIed wilh Iho duly In Secllon 17(5) ol Ihe Chgrlllots Aci 2011 to hryvo duo 18gard lo Ultr Ch&rity Commi¥8ion's geftoral guidunce Dn pvblk benolil In exerc151ng Ihoir powers or dutivs. Thcy l)uve r8foff6d lo IhlA guidanco when feviowinp Yie 8Gadeniy'$ 8lm¥ and Dbi¢live¥ arid Sn Planning 11$ luluro activilios Pa9¢ 8
TQRBAY ADVICE NETWORK IA COMPANY LIMITED BY GUARINTEE) TRUSTEES. REPORT ICOhlTINIJEDI FOR TIIE YEAR ENDED 31 MAR¢H 2Q26 Olilect5vo1 and aclivlllèl ICONTINUED) P•oplo to thank Willioul Vi8 Iruslee5. partnership working and financial Support ol Ifusls & lound8llon8 annu811y we would bé unable lo dolivei all OUT work. Wè afQ oxlremely gialelul for all the tsupporl Ioceivv. vspecially financlally 09 every pound donaied 4llow$ u8 lo m4ko • Ib$lifv) coffltrlbubon io p•opfe w¥ ¥uPPOrtwilhln our ¢ommvnity. Our Ihank$ go to Iho following supportèr8 Bishop Fleming Wollèns Oui Tr4in9f¥. Volunlears & TN$le•s Ow &lncorn thanks go lo the lollowlrng lund•cs Totsay Council AwafdB fof All - Th¢5 LOtry Sanctuary Houjlng Trugl Norman Farnily Ch4Triable Tr5¢ lo Mllne Trn81 Groundwork & People$ Post Codg Tru51 A¢hl•v•ntsnt• 8rtd porformanco Ci•• •tudl•• & i•$llmgnl•l• C••• Study I Client A Clionl is 8 43.y8ar-old man with a tèanag•r daughtof ond $on, Th• d•u#hlW has i•viré rn•nlal htallh Issue3. artd the cllènl has beon lorced 10 9Iva up WDrt lo corg for her I11.1e. She has 8penl èxleftsivé peiiods in sècure units foi $olf-prote¢ll bul is now INing al home wlih her lather There is hlgh level involvérnÈnt with Soclal SeryKe8 r•ferred th• cll8nl lo us lor help with 8 claim lor DLA. W& ar¢art9ed hom& vislls, alBo attend by support staff. 8nd lia199d exlensively lo obloin tho Tr8rA35pry ¥upporkn'n9 evidenco. The claim wa5 sucLe3blul, with an 8waid ol hlgh-falo caro and middle (•t¢ mobilily - g•n•ralln9 Inorne of £558.40 gvftry 4 woek4 wilh ? bad(do18d paymenl of approx. £2.600. In addilion to Iho DLA tho ¢li•rtl 1$ how also •I1b10 for thg Caror and DSsablod Child •l¢ments ol UC. Th•s• ampunl lo 4n E4ddilion&l f697.55 Pèf eèlè.fid8r month and o lurthor backd4lod paymonl ol ovor £3,QLIQ Thls hai rnade a hugo diflerence lo the ellèni wtto was roally •truggling lo maTra9g with tho added exp8nse8 hls daught8rf8 h•allh conditions wewe pladng on tho f8mlly budget. Wa ar• now in Ihe procoss of hPIng har to transfer lo PIP, whlth lias qulie dlfler9nl qualrfying conditions io OLA. Page 7
TOR8AY ADVICE NETWORK IA COMPANY LIMITED B Y GUAFANTEE) TRUSTEES. REPORT ICONTINUEOJ FOR THE YEAR ENDED 31 MARCA 2025 A¢hl&vornonts and p•rlormanco (CONTItIUEDI Caso studl•s & tesllmonl•l8 {Gonllnuodl Ca•ts Study 2 Cllpnt B - Ciionl 16 8 38.yoarvold man living in a housing gs$ocialion proparly Ho IG a highly vulnorablo gdull with ¢Yi89nDS&S of learnin9 dlsobilily PT8D. doprossion and anxltsly V4111i suicidal idoolion ¥nd Incidianc8s ol 8eS1-h¥rn) ¢Jy$loxia, and 8Athma He has a long history In tho cgie syslom huviri9 b6Qli In numtsruu$ losl¢r pldceiiienls 4l¢fQSS thè L'oui)try. I'hin9s came lo a head In earlièr thi¥ y8¥r ag his mtsiitsl h¥alth spirallgd aAd his suicldal Idvallon di8nialiGglly incroased. Ihi$ was ctsmpounded by hls bfylng unable io wo¥K due lo ill he4lih and 51niply running out ol money. HIS Iimilpd funds meant the food In his Iridge Irowzer 811 went off whon hè ran eul ol eloclriG and rultJA,1 8ffofd io lop up him PfepaymoTrt m¢>t8r. What limiled lunds hg did have. meanl he wa Ilving oll brgad and peanul bullei unlil Ihal also 18n oul and he Ihen went $ever¥l days wllhout 8ny lood 81 all, Wilh no elociflc ho was also sillkng in Ihe dark and freozln9 ¢0ld wlth no hol watof, whith was wlion he was reloried to us, Following nmerOuS 6uppofl appoinirnen18, we inililled • cl•im for PIP Rnd aided hlm through hi6 modieal assessfflonl The dDim was $ii¢r¢iNslul. awgidlno • 3-year onhtsn¢¢d rate loi dally living, I'hiB knd a backdatèd paymeni of £1,863,85 and •n ongolng p8yrn8nt 01 £441,60 every 4 weok8. On receiving this Money his firsl act W85 101111 up hlg Irldgfj Ifgozof and pul £100 on h18 eloelrfc key. He also boughl 4 m5crow&va Bs his had stopped soveral monlhs 890 and ¥wnl to vlsll his siNI@r ond ni&co. who live over 100 mile$ aviay and whom he had not seen for ovor 8 yeaf. He had also la118n ITh rènt 8ffet4rs and Wll8 n4w abl8 lo maké • lump Sum paymonl loward$ Iheso ond eel up ¥n instalment plan to cloar the remeindor. Furthor lo thé ¥bovo. we also Snltiulod a dalm for lh¢ woth c8pabilily olemefjl ol Ui)Ivors#l Credil Th18 has b8un 6vbmltled, and we villl support him Ihrough the medlG81 D85Q96mont in duo courso. In addillon lo our u6ual Work mil wo h8v¢ beon oble 10 ?PPort Iho ditynl lo 18ko up ¢ycllng 4galn W8 were able l() orjl him 8 Iro8 roéiurbighod biKo. IhrouBlI our link8 wllh Cyclo Tofbay and Cr81ty Fox whlch 18 aiding him to a83 lulure work opporluTrlties. FlnanGl•l r•vhw Golng ¢ort¢orn Alior maklno &pprOprIa cnqulrios, the Trusteos have 4 r¢48on8bl8 uxpo¢t41ion Ihal th8 Company has adeqvole re$ourcey lo conlinue In oporationHI exi81ence lor the lor8¥e¢ablc future. Fo¢ Ihio r¥a80n. they conlinuo lo adopl Ihe going concern basis in prtsparing Iho Iinllncial st0ments. Furth¢r dolailg i¥gafding lh8 odoptioD of thp fjoing concern basis can bo found in Ibe •¢nist)g policles. Page 8
TORBAY ADVICE NETWORK IA COh1PANY LIMITED ay OUARANTEE) TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 31 fvIARCH 2028 Achl•vomvnts Ind p•rform4Thc& (CONTINUEQI Ro8erv•J ptsli¢y The Tiu6loos vi8W thè rosèrvc l&vo1$ of Iho Churity &nnuglly. This ieview •ncompaiiSéS th& nature of Income and expondilure streams, the 10 match Income wllh ¢ommilmonls and the nature ol feseN8S. Tho Tw61ees lake Inlo ¢on¥ideialion Iho fuluio plans 01 th¢ Ch¢irily. lrye unccrlolnty over lulure Incomi 8ir•ams Gtnd olhei koy risk8 IdenlJ"h8d dunrtg the (igk revlow. A¥allJblè rese¢ve8 ai lh¢ yogr.ond w#re £9Z.971. uf whicli £63,889 foloie to w•striGted funds, Stru¢tur•, gov•rn•n¢¢ •nd mina98mvnt Con$titIort The company 15 Ilrnited by 9uaranlog, liaving no 8hare capilal. Ils goveialn9 dccurnenl Is 8 Momofanluni ond Arllcles of Associulion, 8nd il 18 ro91glered as e ¢h8rily with Ihè Charlly Commisslon. Ili Tru$loo8 aro curr8nily Ils only rnemberg and thif b•bihty Is linited to £10 oa¢h. Torbijy Advice NeiworK15 9ov•riiod tyy11$ Trusloe Bogrd whlch Is retypor)Bi>lè lor •ollin9 the tslryt¥oiG diiBGllon pF Ihe or9anisallon and ihe pollcy ol Iho charity, Tho Tru8teos carry the ulllmale wsponglblllty lor the condual ol Torbay Advi¢0 Neiwoth ond lor enyuilng Ihal the ¢h4rlly salkBfioB Its legal ond wnlraciual obll981ion8. TruslE8s meet ol b mlt)Imum quartotly &nd d8logDte Ihe day-l04ay op•ralioA of Ihe orgfjnljftlion lo Éonlor manpgemenl. Tho day to day mona9amanl i& deleoad to Wayne Johnwn. Tfusteo5 afe elo¢i•d Irom th• local cornmunlly and Iho TN$t•e bo•fd elect the Ch•irm&n Ind Tro46ur•i. Tho TIu91e¥s mby al gny tr'me CO0P1 any Indivldual who l• qualitled lo be appolnlod as $ Trustee lo 1111 • vacancy In Ihgir number or os additional Truslég. bul a ¢o.opld Truslee holds offl¢g only vntil Ihe next AGM. Pa9e g
TORBAY ADVICE NETWORK IA COMPANY LIMITED BY GUARANTEE) TRUSTÉÉS, RÉPORT (CONTINUED) FOR THE YEAR CNQED 31 MARCH 2025 Slructurei goVeranc0 and m•fjaBoment (CONTINUED) Tw5t¢45 ame Rolo18 Trustoe B Tim jolned 8lshop Flemlng In 1994. M(3 pr(Jvide¥ advico supporl to lyrge numbor ol hls local bvsiness communily, H¢ is also the parinor headlng Ilie firm's Core l.lome S@clof lèigm - providing audil and a¢countin9 services but most import8nlly advwing a growing numbor of ¢ar• homo own@rs on m8ximlsin9 Ihtr proflldbilily and valv• of Ihoir business. as woll Is a$sisling fftose wlK> w?nt Io grov4 or exil Ih8if buslness. trli& client portfolio olso Includos marky of the tDUrt$m and leisuffy buiiinew$ in Iho H8vina been boin and educ8tod in the South W¢sl, rim ie keonly locusod on Ihe (eglon's primary own¢r-man898d buslnes> ¥eclof&. Tim Godfwey Tfu$lao 11 TIM c¢Jmmont8. "My 9oal1s le) iomove Ihg ho8dath• ¢1 dey.to..d8y popeNoik whllsl l&cilllaiin9 the gtowI and aspiratsonts of my owngl m#ng9od buAlnrB elienls. My locus Is on heiplng cole owner manag¢d ¥fjrlrJT6 lo mgximiie Ihelr bu8ine85 perloifflenco and v8luo.' steve Galts Tru51¥8 Pnof to 9011ing Involved In Iho comrnunlly $eGlor, I workod lor over 22 yoars in Iho commer¢ial pholographlc Indusliy, mo¥lly In Iho London bul o1$0 lor a $hori spell In C81(o, •nd moro locally Iii Torb8y, In Ihe eoily 1990$ I decided lo embark on o new caroer path und wa8 dfawn toward8 tho odvico so¢lor, As 41)on4gor wlll) Torboy Dl8ubility Inform81ion Sofvlce Ipgrt of Tort)Jy and Southern O?von Heallh 8nd CaTo NHS Trust) After 20+ years I hgvg dvdd¢d to14X¢ early fetliemqnl to locus ¢n new VCS venluios. Ovof tho yoars I ho¥9 dèvolop8d o pa(liGul4f inloresl In 8oc181 8ecurily15gue$ and have drjlivofed some ol TAN'S Iralning sesBion$ on well4r• beDg1ts. N•w Tru9tQQG OolDed duilng tho tinAii¢lal ygJrl Mail FellDWS Edward Lee Page 10
TORBAY ADVICE NETWORK IA COMPANY LIMITED BY GUARANTEE TRUSYEES, REPORT ICONllNUED) FOR THE YEAR ENDED 31 MARCH 2020 Structhrci gov¢rth•nc• and m•nagement ICONTINUED) Ind•peThd•nt Contr•¢i¢rs commi•8lon•d by Tofbiy Adv1¢• Nètwork Charity Manaq•r. Wayne Johntson Waynè has worf£ed In tho volunloliy seclof slnrA 2002. ptedomifiantly as 8 Sonior Pioiect fvlanager for * l&rg• Cliailly as well as $¢nioi rotes within Fundral¥lThg, Ctsmrntsnily arnd Strg109le Ijttvolopmcnl 8nd ¢ommls•ioned works wilhin lh8 privoie 8e¢ioc Wttyne 5UPPOrts Ilie Trusiees %vTlh charily governance. Complian aTrd servi¢• dollyory. inGludlng. polnl of conlacl lor gengral enquiries. geneial adminislratson dudes. ¥nd tend8f 8ubmisslons, Partnor8hip & SeNico Development, Conlraclor M8nagomenl and 8ppllcablg financial pro¢¥ss85. W¢llNr Ad¥lor & Trnln•r- 8u•an Boltoml•y Susan has over 20 years. expeOnce wothlng wllhln this sector. woiking for organiy8lion8 Buch 9$ LA&1, 9$ volunl8oi adv150r and watfaftr Support rolc& includiiio, Homel8¥s Potsons Offlcor, Aellng Housing Noods Manager, communily Oulroach Wotkèr. FAIR CoordlThalor and FAB Tèam Momber. SSn¢e 2018, SusDn ha b¢¢n prov1 spoclall81 Inlaimatlon, advlcè and 9ano. holping VrIble peoplo to vndarstsnd and 8ccoss their wolfafe rl9hls enlill•Ments. Susan 0150 wilG bo&poke trainlng modules and qlellvers iallofed Iralnlng for VCSO 8laff and volunièèr$, lThcluding topitx such •s PIP. ESA. Chrer6 Allowanc6. Universgl Ci8dll. GDPR, elc 1¢ name iu¥l a few. Admlnl8tr•¢t)r- Abl Mas•h•d•r Abi h•$ overi docad• ol oxperl•nc• worf¢lno in adminilrali•Tr lor b¢)th local and mulli.rnallon81 oo&nlz¥tlon8. Abl'8 onlhvsS&sm and oxporlenced and varléd bockground d88llnq wSth ill dilferenl typos ol olfice 8dmini$tr8tson •nd bu¥ino$$ ¥upport en4bl•U our Choilty lolgtylitalo Increased $oNic• dollvery Ihioughout tho Iln8ncial yelr. All our ¢onlracior¥ and volunloor& hBVP bgèn an lThv4luabie al1 Ihrothghoul lh¢ year Fdnd wa would hk• io IhanK th¢m lrt supporliAg us lu moel and ¢xeAed our Ch8fllublo alm$ 8Thd objeGIIvo8 R•l4t•d pgrty rfylalltrn•hlp• Thore are no ml&l•d partifts wli¢h elthor cotblrol or s19filfinlIy inNuen¢• Ihe docijions and 0ratIOnS of T¢xbay Advice Neiwork. Plans lor futuro porlods Tho Cha(ily plgns to continues lo support the adviu And Inlomation $e¢t¢( in Torbay, provldlng lront.unv •uPPOrt lor communilitys and practltionor8. Fund* hold Gu¥todlan Tho Charity and 11$ Tru¥te•s do noq a¢1 a¥ the Custodian Trusts88 ot any Glher Ch8rlty. S and Y•4ned On thwr behalf by.. ppfoved by prd•r of the membgrn 01 th8 boa ol TNsla6$ on l Wayng Johnson {Manageil Paoe 11
TORBAY ADVICE NETWORK (A COMPANY LIMITED BY GIJARANTEE) STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 202S The Trusloes (who 8r8 81so the diroctsf6 of th8 Comphny for the pu(poso¥ of compony law) aio tesptsnsible br Pfeparing IliÉ Trui?lees' roport and Ilio Iinan¢ial sialamonls in acGoidance with applicable law and Uniièd Kingdom Accoun'nll Sl8ndard$ (Unlled Kingdom Genefalty Accepd Accovnlln9 Piaelicp) ornpany18w rcquiros Iho Trubietrs lo prepare fingnci81 sljièmenl$ lof eacli Iinancial yoar Undèr cornpeny low. Ihe I ru18 mu81 nol 8pprovtt IhA linanciel stslements unless Ilioy arv salisfl(td th81 Ihoy give a Irv? and f811 viovi ol Ilie 811ug1ion ol 11)e Cornpany and ol ils Incoming resourcos and appllcalion ol rex)urcea, Including 11$ Iiicomg and ¢xpondilJrè. for Ih&l p&riod In propL4ring those flnaiicial 81glemenlS, Ili& TFUSloes fcquired lo.. Soléct guilabl ocwunllng policifi& and Ihgn appty Ihem C&181enl1y, Observe IhE mglhods and piinciples of tho Charlbos SORP (FRS 102). rnDKts iudgrrionls and •ccour)bng o$lim#los Ih&l iell80o4blo and prudorbl slate whether 8ppli¢8ble UK AG¢ounilng Sland4rd8 IFRS 102111ove beon lollowod. $ubl•¢i w Ahy m•tortal departures disclosod and 8xpl8ined In Iho Ilnancial slulefflonls. prepafe the financial sljiellionls on Ilio going concom basss vnloss il 1$ Irb#PPfQPrtale * pr•sume ih•l Ihe Cornpany will Con"nu in bSIness, Thé Tru$ii>r*# Are ro8ponsiblo loi keeping 8d8quato gccounling ¢¢¢ord$ Ihal 8re sulllcienl lo Show 8nd explJln Ihg CompDny'$ Irontsaclions and dlscloso witli aSonable Dccuia¢y al any lime Ihe finun¢lal posllS¢n of the Company and 8nabl8 Ihom lo ensure th81 Ihe Iinanutsl sl&lemonl8 Coiiiyly willi th¢ Componie$ Act 2000 Thfvy 8ro also responsiblg lof saleguording the assets ol Ihg Company and hence lor lakin9 rea$onoble slep$ lor th• proventioi) and del4Ctlon ol Iraud end olhor Irtcgul8rltie•. Approvèd by order of th8 members of tha board of I'IsJ$wes On nd 8iBn•d ils b•half ty.. Wayn• JohnsDrt (Manageri Y11 G(¥ralr•y Pago 12
TORBAY ADVICE NETWORK (A COMPANY LIMITED BY GUAFiANTEE STATEMFNT OF FINANCIAL ACTIVITIES IINGORPORATING INCOMe AND EXPENOITURE ACCOUND FOR THE YEAR ENDED 21 MARCH 2026 Unrggtylcted funds 202S R•8trlGlod lunds 202S Total fund8 2026 Total nds 2024 Not• eom• from: Chartlabl• •clp4id•& 350 12,724 63,074 83.782 01724 63,074 83.782 Tol•l In¢omo Expondlturn on: Ch&rilablo •cllviiJ•• 68,012 52.727 61.012 52,727 Tot•1 •xp•ndlluv• 88,012 8,012 31,055 Ngt mts¥•m•nl In ftsndg 35D 4,712 6,062 B•con¢lll•tlon of fun4•: Tat•l fund4 brought fo*hY$r N•1 rMv•mo¥rt In fvndj Translèr b•trween funds 62,Zll 4.712 7,001 6,061 68.8S4 31,055 26,fj411 Tolal lund• ¢afrl•d foNard 39.Q62 53,819 92P71 B7,909 Tho Slmet ol Flnarflal Ad1vi1 IDdud•i Dll gains IL)•169 roex¥grtl••d ln th• ymf. Tlx notv8 on pays 1610 23 form parf ol th•w ffin8n¢lal st41•ni8nt•, Pag• 14
TORBAY ADVICE NETWQRK (ACOMPANY LIMITED BY GUARANTEEJ REGISTERED NUMBER:05979205 8ALANCE SHEeT AS AT 31 MARCH 2025 2025 2024 Fixgd 936013 104 Tangible gsgel8 78 104 Cash al bank hand 92,97 87.866 92,070 87.865 Cr•dilar8.' ¥mounts lalllng du• wlthiA on• yoar 177) (80) N•tcurr•nt Mts 92,893 87.8OS Tot•] ••••t# l•B8 currtnl Ilabllltl•• 92,971 87.0¢)9 Tothl not allots 92,971 87.909 Charity Ra•lricled lund8 UnstrICt&d fundi 10 10 63,189 JJ,OB2 62,263 25,646 Tot•1 fund 92,971 87,909 Th• Company was •nllll8d lo 0x•mP9 Irn aud51 und•r s•Gtion 477 of tha Comp811$ Ad 2006. The members h#v9 nol required thè eompany to oblaln an audlt lor lh• yO•f In 9U•Jtlon In aCCDrdan¢e wlth $8clion 47e ol Companies AGI 20D8, The Tru$lo9s ockrwIftdgO Iho respon5ibililio$ lor conylying wlth the rnquirgmon¢• of lh• Act wllh resp•ct 1¢ accothtln9 records and preparalion of flnancial ¥tolomenl3. Th8 IlnsnGial 8latém•nts have b•en prepared in thé provlgl¢n• appILble 19 ontlti08 subjéct lo Ihe $mall MPanI¥s legimé, The finanual 8lateMenl8 w8fo •pproved and &ulhorlsod lor Issue by lthé Tru8¢& on 29August 2025 Dnd signed en Ihoir bohall by,, W•yn• John80n (Man3gpr> The holès on pa90$ 16 10 23 form 01 tha fiTronual $1818ments. Pag¢ IS
TOR8AY ADVICE NETWORK IA COMPANY LIMITED BY GUARANTEE) NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENt>ED J1 MARCH 202S G4nornl inlonnallon 'rhe company is 4 ¢ompany Ilmltod by aaran1¢0. The n)èmberb ol the ¢¢mpany Jro tho Trusl085 namgd on pago 1. In the ¢v¥nt of th¥ company belng wound p. the liabilily in rospotsl ol the guaranloe is Iirnitgd to £10 per membof ol Ili¥ compaE)y. A¢¢ounting poIIGI•s 2.1 BASIS OF PREPAPATION QF FW ANCIAL STATEMENT8 Th4 flnaneial 81ai¢mr>nl6 118v(I boèn prepAr@d in 8ccord3n¢e wilh Ihe Ch¥illies SORP IfRS 102)- Accounlin9 Jnd Ropoilii)g by Charities.. Slal&menl ol Recommen(l@d Praclice opplicoble lo ¢huriue$ piep¢iring Ihclr 8Ul]I$ In ocLoidanee with lh8 Finoneihl Roporling SIL4Thdard applicable In Ihe UK and Rppublic ol liolend (FRS 102> loll¢GIIvo 1 Jantsory 2019). Finane.i01 Reporting Sland4rd 8ppli¢able In Ihe UK an(J Republic ¢1 Iiel¥nd (PRS 1021 and Ihe C(Impanios Ad 2006 Toibay Advice Nelwoix ni¢¢l¥ the d¢liniUon o( a Publ benofil cnilly under FRS 107. Ass?ts 2nd liabllities afe 1nlts.ally ieGDgnlsed al histori1 cosl or ¥68cli0n value unless ctheNise $181od in Iho rel•vanl accounting policy. I.? INCOMC All income is rocognisod onco Ihè Comparny hès ¢nlillemenl .lo lh¥ Incom•, il Ir• probable the41111¢ Income villl bè ieceived and Iho omounl ol Incom& rèceivable can be mt4aBui8d rgllthbly. 2.3 EXPENDITURE Expendilure 15 ieco9nised once Ihem Is 8 saI or Gonsliuctive obligBtson 10 transfer ee4onoml¢ b¢iiellt to 8 Ihird parly, It Is piobable tl)814 Iranslor of oconom benelll8 will be requlred in $&ttlemenl ond Ihe Bmoumi ol Iho obllgylion ¢Bn be moa8uiod rèllably. Expondilurè Is clasollled by acllvily. The rA)$16 ol each 8clivily ar¢ mBdè up ol Iho lotsl ol dirocl costs and sh8red c0818. including support co¥ts Involv¢d In uildrtklThg oJGh ocuvlty Dlrocl vost8 •ttilbviablo lo ¥ slngle aellvily ara allocalod difectty io ihal acllvity .8lia(od ¢o¥ls whi¢h conlribule lo moro Ihan an@ a¢)wily 8nd 8UPPQrt costs whlch are hol alliibuiblo to 8 slngle a¢llvily ¥pporlioned botrffjofb Ihoy OGtivills on # bosi8 consi51enl rylh the uso ol rosovrces. Contral $lall cosls ale 8llvAl¢d on lh6 b8818 of lirne 8pornI. and doprecialion harge5 gllocated on tho portKn ol the assel's use. Expei)diluro on tharilable oclivliifrs Is Incvrred on dirvGily undortaklAg the adlvitie$ whlch lurther the Coinpany'¥ oble¢tsVQS, well as 8fy a$Jo¢ialed Support costs. All •xpendilure 1$ indu81v• ol irfgcovorabk VAT 2.4 TANGIBLE FIXED ASSETS AND DEPRECIATION T8n9ible lix•d a35¢1s ar8 iThlliolly reeogni8od ai ¢o¥I. Aller r•JcogTrlllon, undor thé cost n)¢xlol, tsngible flxed a558ts aro rnoasurad al ¢osI leg$ occ14¢e0 d¢pieclatiOrn ond any acGUmuloj impairmethl IDSSQ$ All ¢osts in¢urred to t ring a tan9lblo fwod a$s•l into its Inlended working condlllon should be InGlwdd in tho rn¢08umm•nl ol cos¢. Deprocialiofi 1$ charged so as lo 4llo¢ale Ihe cosl ol langible fixed issots tess Ihgir re$vJual valuo ovgr theif e$limad use(ul live8, a roducing balance basi5. DèprociHbOn is prGwLdod on ihe loikowry ba$h•'. Office equipmenl grd softwai¥ . 25% red¥¢in9 balan Page 16
TORBAY ADVICE NETWORK IA COMPANY LIMITED BY GUARANTEE) NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Ac¢ountlllg poIIGlfr¥ IGont6nuodl 2.$ CASH AT BANK AND IN HANO Cash al bank and lfft hknd Includ0$ cash and short-lom hi9hly liquid inv84tmont8 Wrth • shtsrt thaWflly ol three months oi 185s from Ihe date ol acquisitn or opeTring ol lthe dapo8il Or •lmll•r 8¢LOUnl, 2.0 LIABILITIES AND PROVISIONS Liabililie$ are (eco9nised when there Is an obligatlon al th• Dal•nc8 stho81 d•t• • ro$ull of g p•1 evènt, itls probablè that a tr4rtsler of •eonomic benèfit will bo f¢quired In sotllornent, and th• amount of th¢ 8rtilem6nt can be è&t4mated mliably. Llabllitsg$ tfjcogni5cd al Iho amount Ihal Ihe Compiny anudpates il Wfll pay to sellle Ihe dèbt or th• •mounl11 has rec8ived •5 odv•nGod p4yments for the goods or $eNiee$ it musi provid¢. Piovisions are meas¥red al lh¢ bo$1 estimate of Iho amourbis nqulied lo sallla Ihe obllgalion. Ore th¥ eli1 of the lime vgluo of monoy is material, lh8 provi8ion i& bo$èd orn tho prolonl ¥alu• ol tho$0 •moun15 dl¥counlod al Ilio pre.lclx diy¢ouiil f¥lo Ihal rulltyclB Ilie flsks $pg¢ifi¢ 10 tha liability. Tha nwinding of tha discount IA rgcognisad In the Statèm•nt of blnancial aclivitios ai a financa cosl. 1.7 FINANCIAL INSTRUMENT8 Thè Cornpany only hE4S flnfjn¢lal. 8sselJ #nd flnan¢ial liabilitios of a kind Ilinl qiirjlify a$ baic fin AnciAI in8irum8nlg. Ba&lc IinAncial In8lrumenls are inlllally recollrni8ed al transaclion v8lue ¥nd SubSeqentlY mea•ured at Ihelr 5gttlomenl value with the exc•plion of tyBnk loanv* whl¢h are subieqyfjnlly measured al amortised cost usino tho effective Inlerosl melhod 2.8 FUNO ACCOUNTING Gen•ral lunds ar• unie8lrl¢10d funds whth ar• av•llabl# lor use al thi dIsoI10 of th8 Tru•le•s In lurthorance of the general ctycliveB ol the Company and which have not been designalod lor other purpt>4¢¥ Re$trl¢l¢d lufids are funds whl¢h ow to be u$ed In a¢¢wd•n¢e wlih specfflc rèsiri¢llons Imposed don0 or whlch havg boen faijed by lh• Company for partiGu18r purp04es Tha co$t8 of raising and •dmini6lorin9 $u¢h f¥nd¥ aro ¢h>rgod ¥gain$l Iho $po¢lflc fund. Tho alm gnd u$0 of 04¢h lIri¢l¢¢ lurbd 1$ wl oul In Iho rnoto8 lo Iho fin91¥1 8181gments. Page 17
TORBAY ADVICE NETWORK IA COPAPANY LIMITED BY GUARANTEEI NOTES TO THE FINANGiAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Incom• Irom ¢h•rlt•bl• avIll+• UiirOStrlct¢d Rostrlctsd fund8 funds 202S 2025 Totsl TolBI fund6 2024 2025 28,182 Loll•ry COL Aw&rd$ for All C•sework 18,984 18,984 350 JSO 5.500 28.240 6,600 28.240 S8n¢luary Housin9 38,800 10.000 ASC (l'orbay Couftrjl) Groundlvork NFCI. 10,QOO 2.000 10,000 2.000 1,800 63.ts74 83,782 TOTAL 360 62,724 In 2024, of btal lTreom• Ertll unr••bltstod and £83.782 w•1 rnlVl¢ied. Ahly819 of •xp•ndltur• on ¢hrfknbl• i¢tlvltlg1 R•8trlrt•d lund• 2026 Totsl fund• 2020 Totftl lunds 2024 30,029 190 131 21,022 720 TrgininDlprot•s$lt>Th•l pdv Insuranca Sundiy •xp•ndilur• Wag8& •nd sal•rl•s A¢counlanCy fees 0opr•cldon 34.140 34,14Q 19Q 637 22.177 142 837 22.177 842 26 58.912 52.727 TOTAL In 21Y24. 01 w•1 •xpqndilui• oTr¢harll•bh octivltl•¢ £0 w•• unM$lflcled •rtd £52,727 was f•itrided. Page 18
TORBAY ADVIGE NEfwoRK (A COMPANY UMITÉD BY GUARApifEE) NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED $1 MARCH IQ25 Indop•nd•ni •xamln•f8 r•munÈr•lloi 2026 2024 Fe6$ p8yablo lo thè Company'8 Indepondenl exaftynor lor th• IrKlopond¢rt examinalion ol tho Comp8ny'# afflDual •e¢ounts Faè8 pay•blo to the Comp#Thfs Ind¢pendent examiner lTr(•ipeGt gl.. All othef Mervlc¥s nol Ilded above 842 120 Nll 8t•ff co•ts 2024 Wag•A and 4alaA 177 21,022 Tho avorn9a numbèr of porlona •mpl¢ryed by the C¢mp*r•y durliig th• yoir w•• t104.. 21J2fj 2024 Ernployo•• No •mploy•• f•ulvod r•muTh•r•tlon 0tIng io moro ESO.QOD In either yoar. Twit•••' r•mun•rnllon and •xp•nl Dwing th• y•ar, no Tru•leo$ r•c•lv•d •ny romun•r•tlon or Dth•r b•n•th f2024- £nll). Dwrlng th• y•¥r •nd•d 31 Mirch 2tr25. no Tnmlee w•M•8 hive b••n Incurr•d (2024- £nll). Pogo 19
TORBAY ADVICE NETWORK {A CDMPANY LIMITED BY GVARAY4TEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 T•nylbl• fix•d a•i•i• Plint and machlAOry COST OR VALUATION Al l Apnl 2024 2,T19 2,779 Al 31 Mardi 2025 DEPRECIATION At l Apfil 2024 Chafgo for tho y••r 2076 28 1,7D1 At 31 M4r¢h 2028 NET BOOK VALUE 104 Al 31 M•r¢h 2024 78 At 31 Mar¢* 2025 Cr•dltor•: Amounlj l•lling d? vAthln on• yw 202J 9)24 77 60 A¢cN• Pjga 20
TOR8AY ADVICE NEfwoRK IA COMPANY LIMITED BY GUAIIANTEE) NOTES TO THE FINANCIAL 57ATEMeNTS FOR THE YEAR ENDED 31 MARCH 2025 10. Stattm•nt of fund• B¥lane• •1 31 March 2020 Bal•n¢• •t1 Apdl 2024 Incom• Éxp•ndiiur• Trin•f•r VNREsfRICTED FUNDS Gengnl . all Inl 2S,146 Jso 13,086 RESTRICTED FUND8 G•mlni FM Mayof Fund Awirdi for All IN•donal Lattary) Sanclulry Hauling ASC ITorb•y CounciD Gffjundwo Co$t of Living- TCOT Lott•ry COL NFCT Pr•G•Pt iJs> 16,984 5,500 10.000 2,DOO 18,218) ($,160) 114.4071 12,0001 8,706 3.466 2,839 3,127 7347 20,127 1,208 30,463 02.213 17,014) 113,1)631 21,240 11•,8951 (58,012) 38,178 53,189 62,724 (1J,016 TOTAL OF FUNDS 87.909 6J,074 108,012) 91971 P•ga 21
TORBAY ADVICE NETWORK
IA COMPANY LIMITED BY GUAIIANTEEI
NOTES TO THE FlblANCIAL STATEMENTS
FOR THE YEAR ENOED 31 MARCH 2025
10. Statvthont ol lund¥ (¢ontinuodl
Fund•r
Gr4xJThdwort- Peopleg Po8icodo
Loll¥r
Pr¢J¢epi
Grant Ovorylow
Sp•Glali81 Welfa advice 8ppOrt to Toibay residonls
ox
èrlon¢inLSocinl Challonies & ExlremFJ Do
fivalion.
A Iranslormalional, fully iNclusNe, mulli-ag8n¢y Infomialion and
advice
IAGLservicc lor To(ba
Informatlon advica and Gvldance
roRBAY ADVICE NETWORK (A CQMPANY LIMITED BY GUARANTEE NOTES TO THE FINANGIAL STATENIENT8 FOR THE YE4R ENOED 81 MARCH 2025 11. An•lyo1• ofn•ta•••ts bgtwo•n fund• IGohllnu•d) An1118 ol n•t •s••ts b•lw••n fund•- prfor y••r UnMlricd lunds 2024 R••tiictsd fvndi 2024 Totol SJnd8 21)24 Tanglblè flxèd IS1) Curront 418frtts Creditor• du• within on? yèar 81 24,705 23 e2,300 1Q4 87,86S (60) TOTAL 25.848 82.263 87.009 12, Conirolllng P•rty Th• ¢b•ltabl* 120mpany li vJntrall•d by th• Tru••, Page 23