Cornpany rcgistration nuEnber. 06434019 Charity rcgistrdtion llU[b¢r." 1122697 St Sidwell's Centre Exeter (A company limited by gLWdntce) Annual ReEK)rt and Financial Statements for the Year Ended 31 March 2025 Wortbam Jaques Limited Chartered Accountants and Charity Adviserb 130a High Street Credilon Dcvon EX17 3LQ
St Sidwell's Centre Exeter Contents Tru5tee5' Report Ito 12 Independeni Examiner's Report 13 Statement of Financial Activities 14to15 Balance SkLeet 16to 17 Notes to the Financial Statements 18to41
St Sldwell's Centre Exeter Trnstees, Report The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the yrar ended 31 March 2025. Objtttives gnd 4rtivities Objects and aim The objects of St Sidwell's Centre as set out in the Memorandum and Articles of Association are to help improve the physical and mentsl health. emotional weltbeing and quality of life of local individuals and groups. in Exe¢eT and surrounding areas. Obiectiyes, stralegies and octivities Across our tnaill sifr alld 1781179 Sidwell StreeL we offer: . A comn]unity Caf¢. . Our well-establisbed Volunteeting and WL)th-PlaceuLent Programrne. The Sidwell Street Bakehou5e is our community bakery. In its home at 1781179 Sidwell StreeL we offer additional community space for other groups. . Rooms for hire.. for meetings. activities and events. • Stron& established communiry networks. Award winning gardens- a green oasis in th¢ ccntr¢ of the city providing training and volunteering opportunities. Free English for Speakers of Other Languages (ESOL) classes open to all, and specific ESOL support for rege¢ families through the VPRS and UKRS schemes for Syrian regees, AIW and ACRS for Afghan refijgees. Public benefit The current range of activities is set out in more detail later in this report and St Sidw¢ll's is proud that this wide rdnge of activity is of tlear benefit to the public botb locally in Exeter and in the surrounding area. The trustees confirni that ihey have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to ihe public benefit guidance published by the Charity Commission for England and Wales. Achievements and perforn)ance Si Sidwell's Acritruties andPYojecls Introduedoll At St Sidwell's. our mission is to provide a safe and welcoming commwiity space and opportunities for peopl¢ from different backgrounds to connect, engage and grow. W¢ are working t0Thd5 our vision of an inclusive Exeter, with thTiVtng tommunities. Page I
St Sidwell's CeDtre Exeter Trustees, Report Volunteering and Ivork Experience Our volunteering programme is tbe heart of St Sidwell's and connects all our other work and activlties. It provides opportunities for local people to participate. engage and grow. Through volunteering at St Sid's, individuals learn new skills alld sbare existtng ones" gain work_cxperience; meet others and llke friends" 2nd play an active role in the loc&1 community. Volunteers are involved across the 11 rdngc of our projects and activxlies. Our volunteers are from diverse backgrounds and have a Thide range of life experience5. We are gratetul to all the volunteer5 who offer their time and collllnitllLent to St Sidwcll's. In 24-25 - we iMd 330 people engage as regular volwiteers throughout the year. at]d a further 120 filrthcr volunteers join for one off events. At the end of March 2025. wc had 200 active volunteers. r volunteers participat across all our prograrnme arw. Of our rcgular volunteers the th"stnbution of our volunteers is as follows across our programmc. Community Fridge- 40/ Drop-iti Support volunteers- 10/0 Gardening- 27 % Caretsking- 40/0 Trustees- 4 /0 (Total is over 100 /0 as sonje people volunteer across more than one area!) Most of our volunteers do one or two shifts p¢r week. or 2-4 hours, but a few come in every day and a few are little more occasional. Some recent feedback from volunteers about what they enjoy about volunleering includes lots about people feeling like a community and a family. It is like a family. I fit in here." "It's con]munity, it's family, it's beauti1." "It has hclpcd me to find communty." Feels like my utban farnily." Alongside the bard work everyone puts into the volunteer programme - we had some moments for celebration and opportunities to thank ow volunteers. Some of the highlights include our annual vulunte¢r c11St[naS meal (which some volunteers start asking about in Junc!). thc Sidwell Street Spring Parade in collaboration with local theatre company Burn the Curtain. S1dwell's Got Taleni, and many morc. Wellbeing and additional 5UPPOrt Over the past year our Wellbeing and Support offer has continued to grow and wc havc Tcfined what support the organisation can offer. Alongside the direct support we offer, we have focussed on creating stronger partnetships with local organisations to providc cffective sign EKJsting with wann refealS so prople can r¢c¢ive the best and most appropriate support available. Over the labt l2 month5 over 400 hour5 of 1-2-1 support has been provided by the Sid's Support Servi¢¢. This has includ¢d.. Supporting people to access stAtory services by making ref¢tTa15 to Adulc Social Svices or Saf¢guarding Advocating on bebalf of people who struggl¢ to advocate for thentselves Page 2
St SidTrvellls Centre Exeter Trustees, Report Liaising wÉth support Workers and other organisations to support a person to more fully engage with the support that is available To provide a place for someone to come and talk about things that they may be struggling with Over 70 individuals have attended the weekly Drop In with 850/0 of people attending more than once and 250/0 of people attending Tegularly (more than l O times in a year) People come to the Drop In for many different reason5, including: Completing UniVeat Credit migrdtion requests Employment supw>rt Basic IT support Help with writing emails/ communicating with other organisatioD51 busine551 services Help with managing bills and contscting companies RefeTrnls to Reach for Independence Team (DCC) S¢ekn"ng advice and support about houstng. accessing services Completing online forn Booking appointments The demands on the Sid's Support service continue to grow in both numb¢rs and complexity of people's asks. It is Tare that a person comes with just a single concern. often the asks are complicated and involve several different elements many of whlch we, as a single organisation ca]]not support oll our own. However, the hard work we have put into Contacting other organisations and building effeclive partnerships and networks has gone some way to helping with this and has brought in new groups and peopl¢ to the space In the last 12 months the Sid's Support Se1¢¢ has mad¢ 7 significant referrnls to Adult Social Services and as a result.. A person now has a support worker 3 days a week A person is now being supported by the Commwiity Mental Health Team and waiting to r¢¢¢ive therapeuti¢ support Social Services are now rnonitoring th¢ care provision for a vulnerable elderly person and a family member has been reconnected with them and now has acces5 to 5¢¢ them A person will be rehoused in a 5pa¢¢ where their needs will be more appropriately supported and will b¢ able to hav¢ facililat¢d ¢onlacl with a family member A person has been supported to access support as an unpaid carer One of the most rewarding moments h&8 been supporting a person to change their support provider by advocating for them and supporting them to recognise their rilts and ne¢d5. Sinc¢ th¢ change of provider, the volunteer bas shared how immense and significant the change has been to his life and how he now feels like there is hope for the rnre. Following on from the change in provider Sid's Supp)rt has submitted a complaint on bchalf of the volunteer to Devon County Council to highlight the inadequate and p4y)r care that was provided lo a person who would usually stsgg1e to advocate for th¢mselves in the hope that this will help those who do not have a voice or that level of external support. Page 3
St Sidwell'5 Centre Exeter Trustees, Report Developing our Volunteer programme and Support work We are delighted to have been awarded a three-year grant by The National Lottery Community Fund Reaching Communities programme to strengthen and grow our volunteer progran]me, to be able to support individua]s and our communiry more effectively. This h&8 aIso been supported by m&tch funding from Sovcreign Housing Association. Through this fwiding we have been able to hire for a new role of Volunleer and Support Developellt Manager, to support tbe Wellbeing and Support Lead atld Volunteer Coordinator. and help drive these programmes forward. Over the course of the project we plan to: Engage 150 additional volunteers over the project length, and build this additional capacity into our programme for tbe long-term. Offer rnore training supporting both personal development and ski115 for theiT role, benefitting extsting 25n volunteers per year alongsidc thc additional voluntEef5 WC support through this pioject. Offer opportunities to work towards employmenc educatiory or other volunteering through strnctured support open to all voluuteeT5. Ensure a wider range of volunteering opportunities is developed at the centre to meet dilferent needs. Offer monthly activitie5 for w¢llb¢ing and community connection. Jncrcasc the rnnge of ¢ompassionat¢ and practical support to enhance volunteer weill)eiDg an additional 20 sessionslweek in Y2 and 40 sessions/week in Y3 reachlng 501F voluDteers or centre users through one-off sessions and ongoing support. For the wider Exeter commurtity.. Provide better SUPPOrt for our ESOL students, cafe customers and other centre users peoplelye&r acres5ing our servir¢s will benefit from volunteers having better training and support. Expand our volunteer offer, ensuring we remain a reliable. safe space atnidst local service c105ures. Improve service delivery thTOU8h better support and training for volunteers. Incre&se access to compassionate and practical support for the con]munity (a5 above for volunteers). 1500+ For the Conimunity Cenlre.. Provide a more robust, resilient volunteer programmc with improved support structures and progression routes. Establish resources, processes, training courses and other infrnstruettre for ongoing volunteer support. En5urc staff feel well-sUPParted. enabling COT]515tcnL high-quality services for the cornmunity. Enhancc partncTsbips and networks. Icading to morc cffcctivc rcferTal pathways and signposting. prove organisational stNcture Iradillg to increased strategic and management capacity in the tfdm- supporting project legacy. FSOL and Refugee Support St Sidwell's Centre remains an important centre for free, welcoming ESOL classes in Exeter. Each week. we run 14 informal ESOL sessions across four levels-Beginner to Advanccd-wclcomillg over 165 learner5. Our stydents come from a wide range of backgrounds, including asylum seekers, regees. settled residents, international sdents, and short-tem) visitor4 creating a vibrant and diverse learning community. This year, our classes have welconjed leamers from a wide range of backgrounds. with represenlalion from 33 different nationaliti¢s and 55 hom¢ languag¢s. The largest groups have come from Afghanista Turkey, Ukraine and Iran. Page 4
St Sidwell's Centre Exeter Trustses, Report Specialised ESOL Courses (Bespoke Classes) To meet the specific goals and prv4ctical needs of our learn5, we have also run a range of ESP (English for Special Purposes) courses throughout the year. These tailored classes are especially h¢lpfvl for those working toward qualifications or building essential skills for life and work in the UK. In 202¥25, we delivu¢d Collrses such as Food Hygiene Level I with Cooking (during the autumn and spring terms), weekly IELTS preparation sessions, and an ESOL Foundations course for b&sic lit¢rncy learners offered three time5 a week. Our Summer 2024 programme was designed to blend language Icarning with ev¢ryday life skills, helping learners gain confidenee in real-world situations. This included classes like Everyday English for Living in the UK. Driving in the UK, ESOL and Foo(L ESOL and Basic Con]puting, and ESOL and Literacy. Reseltlemeni Scheme Support Si Sidwell's continues to play a key role in wclcoTning and supporting families in Devon through the ARP and UKRS resettlemttnt schemes. St Sidwell's ¢ontinu¢s to play a key role in welcoming and supporting families in Devon tllrough the ARP at]d UKRS resettlement schemes. Key 5UPPOrt provided.. ESOL provision to 39 re5e¢tled families (80 adults) IS ESOL tutors deliver l.. l or 1..2 Mition 10 fnleS have transitioned out ofthe schem¢ this year Exp¢cting 4 new fnlle$ in Summer 2025, with nre anlicipated lal¢T in the year Professional DevelopmeKtfoi' Volunteers and Tutors We remain committed to the gro and wellbeing of our 62 volunteers and 3 freelance tutQTS. During the year, we facilitated training sessions designed to deepen understanding and improve d¢livery including: Teaching ESOL to basic litera¢y learners (with regional parthers. Intersectionality in ESOL classrooms. Anti-oppression and Domestic Abuse Awareness. We remain committed to the growth and wellbeing of our 62 volunteets and 3 freelatjce tutors. During the year, we facilitated training sessions designed io deepen understanding and irnprove delivery including: Teaching ESOL to basic literacy learner5 (with regional partners: Intersectionaliry in ESOL classrooms. Anti-oppression and Dom¢sti¢ Abuse Awareness. Ivop'hng lil Parlneysliip Collabordtion is at the heart of what we do. Through strong rclation5hips with local and regional partners, we continue to extend the reach and quality of our provision. Key partners include.. Exeter College. Rege¢ Support Devon (RSD). Hikniat. Pickivell Foundation" Devon County Council (Migration and Resettlement Team); Teignbridge CVS. Learn Devon. STAR {Sdent Action for Refugees). CISCO; Welcoming Refugees in Devon and P¢tro¢ Tiverton. Collaboration is at the heart of what we do. Through stron8 rclationships with local and regional partheys, we continue to extend the reach and quality of our provision. Key partners include.. Exeter College; Refiigee Support Devon (RSD). Hikni&t' Pickwell Foundation; Devon County Council {Migrdtion and Resettlement Team). Teignbridge CVS.. Learn Devon; STAR (Student Action for Refu8¢es),. CISCO. Welcoming Refugees in Devot) and Petroc Tiverton. Weekly elass Over the past y¢ar. St Sidwell's Centre has continued to thrive as 8 welcoming space for English leamers from all walks of life. Our weekly classes have seen strong and steadily growing attendance, with learners from a wide range of ¢ultural and immigration backgrounds. Page 5
St Sidwellls Centre Exeter Trustees, Report Of course, we've faced our share of challenges too. One of the biggest is finding enough qualtfied volunieer teachers to keep up with demand. Travel costs remain a bwier for some learners. especially those temporarily housed at the aiTPQrt hotel. Like many i])fomial ESOL programmes. we also experience bigb learner nmover. whicb can make continuity a challenge. While these challenges persist. the commitment of our volunteers continue to shapc a welLoming. supw>rtive Leamiug cnvironmcnt. Wc arc proud to foster a Space whcTC Icarners feel safe, valued, and connected. This quote from one of our intemiediate learners reflects the heart of our vision: "Sidwell's if so Emportant. How can I.fay? I come here fxnd Ifeel so kappy. li LF importantfor every people from differenl countries. Everyone is smiling. Redfaces. whitefaces, brownfaces. Ifeveryone smiles and is kind ond welcnme Izke at Sidwell s. tlie w(Jrld will he tt hettei. and hapw'place." "Sidwell's ig so important. How can I say? J come here and Ifeel so happy. It is irnportantfor every people from diffEr¥nl cuicntrig&. EverJ'oiiE LS Jmiling. RedfaL'&Y, whEIEfac£s. brownfdces. If everyone smiles and ts kind and mak£s a welcome Irke or Sidwell s. Ilie world will be a better and happyplace. The Sidwell Street Cafe Our Café offers good quality, nutritious home-made food at atTordable prices. It is the physical centre of the Community Centre - tL(yurisbing our volunte¢rs and wid¢r comUllIty and has an in]portant function in welcoming people lo the Centre and providing a space for people to spend time, Connect with others and meet people from different backgrounds. It is a key resource that has helped us to respond to local needs. help build a h¢althi¢r conununity. and bring people from divers¢ backgrowids together. This year we've particulArly enjoyed some special meals cooked by the international community - including food frojn Hong Kong, Eritre4 Ethiopi Sudan and Colonthial Sorne caf¢ visitors recently left us a note saying: "We al'e here jwifor one week in Èhe Exeler iTr'ea apjd we found thts wonderfulplocefilled with coring, lovelype.ople, a beautiful garden aiid am¢uingyummyfoodl This ig the heorl of the COmmnity and a very special good vibe placel We are sLzd io leave. Keep up the good work and 'love in acltou.. The Cafe offers volunteering opportunities in a sociable environmenl with opportunities to meet and work with lots of different people. It is also arL important support space for the wider community. We are continuing to focus on adapting our menu to make best use of what we grow in the garde bread from Our Bukrhouse and donations. We aim to keep our cafc a5 affordable as possible: all our volunteers are offered a Iree meal whcn thcy volunteer and throughout the year we have used the HasChold SllPPOrt Fund to providc frce and nutritious tncaIs for other member5 of ttLe community. Community Fridge In November 2024, we took on the Exeter Community Fridge - a project initiated by Devon County Council and hosted at Exeter Library. Community Fridges collect sutplus food that is still good, but would othcrwisc go to Wte from stLOPS at)d provide a collects.on point for anyone to a¢¢¢ss it. The fridgc was in need of a new home. so we agreed to host it as a Th•y to continue reducing food waste, and providing access to food for more p¢opl¢. It has been popular so far and we cUentlY hav¢ 8 volunteers involved with ¢oordinatillg the woj¢¢l and collecting food from shops around cenlrdl Ex¢t¢r. We are Cited to further develop this over the next year. Commullity Garden Our gardening project continues to be a popular volunteer opportunity. W¢ have been running two se&sions per week throughout the year with over 50 aclive volunteers. Our aim is to create & garden that provides food for the cafe. is a beautifvl Space for people to be as well as ¢r¢ating a hav¢n for wild]ife. Page 6
St Sidwell's Centre Exeter Trustees, Report This year we really get going using our new gr¢enhouse - and it has been revolutionary for raising salad seedlings. providinu our café with an abundance of salad throughout the spring and summer. We've also established a parthership with Weston College to provide more fonnal training and expand our capacity to njn in Surnmer and Aummn 2025. ID MarLh 2025 we wcr¥ awarded fidillE by the OPCC to enhance the grounds and diourag¢ anti-social behaviour. We iDStailed colourtul plant5 all the way w) the path and the impact h&s bccu ovcrnthelming - every day we get positive commcnts about thc diffcrcncc this bas made to the grounds. Along with our colourful wildflower mea(low. which one peTson recently told us reminded them of growing up in F.xmoor in the 60s and how peace1 and beautiful it was. Voluntee[5 and staff havc lovcd watching our bdboXeS (installed last year) in use-watching a bluetit family feed their chicks and the chicks eventually fledge. Space for Community One of our key aim5 15 to support other comtinty groups and organisations. We provide space to a wide range of organisations fdnging from 5rnall infornial groups. sessions run by our volunt¢crs to largcr charities or public sector group5. We also havc a wide rangc ol ESOL courses n)aking use of our rooms every day. Over the year we had over 1.500 separate bookings by 93 different groups or organisations at the Community C¢ntre. We support new community groups by initially offering free or IowryCOSt bookings that help them ¢0 establish as a group. Being able to provide OPPOTtunities foI n¢w community organisations has always been an important part of our work. The Sldwell Street Bakehouse Our bakery continues to develop with an evolving rang¢ of sourdough brea4 savouries and treats created by our staff and volunteer team. The bakery ha5 gro7 significantly in the past year. with lots of new customers at th¢ shop as well &$ wholesale customers. The bakery is now producing over 800 loaves of bread each week. The bakery has also traJ)sitioned to primarily usit)g True South West flour- this is lo/. locally grown, milled and baked through a partnehip of farmers, millers and bakers who make up the South West Grain Network. We are excited to be part of this, improving the sustainability of our brerf as well as fostering the human conn¢¢tions and supporting the local economy. It continues to be a popular volunteer role- with roles involving bread baking. customcr service, supporting our weckly Famiers. Market stall and delivering bread on the Bluebird, our electric cargo bike. Thanks to our funders We are grateful for thc sllprt of thc following owisations in fimding our work. Devon County Council- Growing Communities Fund" DELTA ESOL t-or HK BN(O)s,' general ESOL funding. ACRSIARAPIUKRSIVPRS funding Nornian Family TnLSt Exct¢r Chicfs Foundation Exeter City Council National Lottery Con]munity Fund. Reaching Comtnuniti¢8 FuDd and Awards for All Devon Community Foundation.. Household Support Fund and Police and Crime Commission. CLASP: Communities LCal Action on Suicide Preventloll National Grid- Commutiity Matters Fund Power to Chang¢ Page 7
St Sidwell's Centre Exeter Trustees, Report Exeter Local Food Grant Sovereign Housing Association Ltd Thank you Financial revie The St Sidwell's Board of TnLStees h&s overall responsibility for tinancial managemcnt of the orn18&t10n. Decisinns tsken are informed by financial management InforntIon PToYidcd by the Centre Manager. Project Managers and Treasurer. The charity result for 2024-25 wa5 as follows: Unrestricted R&stricted Tolal 2024- 25 147,088 249.104 396.192 (249.155) (148,347) (397,502) (102,067) 100.757 (1.310) 71,870 (71.870) (30,197) 28,887 113,880 52,188 83,683 81.075 Total 2023- 24 370.772 (395,003) (24231) Income Expenditure Sutplud(Deficit) TTansfers Net movements of fimds (1,310) 166,068 164.758 {45,859) 190,299 166,068 Balances brought fonvard Balances carried forward This means our reserves (our carried_fotTrvard balanccs) have rcduced lo £164.758 which still reprcsents an estimated 4 months of our overall costs, but a slightly smaller figure than last ycar givcn the overall growth in expenditure during the year. Policy on pe5erv It is widcly acccptcd that a charity should hold at Icast 3 months of wirestricted reserves to protect the charity from cyclical variations in income. Si Sidwell's is working towards retaining at least that figure. Investmenlpolicy ond obj¢clTh¢s The charity do¢s not hold sufficient funds to invest in anything other than deposit aceounts wbich provide totaI se¢wity. Page 8
St Sidwell's Centre Exeter Trustees, Report Referenee and Administrative Detalls Charity Registration Number.. 1122697 Compally Registration Nurnber: 06434019 The charity is incorporated in England and Walcs. Registered Office: St Sidwell's Centre Sidwell Street Exeter Devon EX4 6NN Inde[vent Examtner: Wortlwn Jaques Limited Chartcrcd AccounlaDts and Charity Adviscrs 130a High Street Crediton Dcvon EX173LQ Trustees 4nd offlcers Thc trte£S and officers serving during the year and since the year end wcrc as follows: Trustees: Keith Bell. Treasurer Chris Dickens Marcus Gordner Suaad Genem Steph¢n Henry Joanna Hurry Janc Knox Elizabcth Michaclson Celia Plender Mai5aa Sweid (retired 3 July 2024) Secretary: Keith Bell, Treasur¢r Structurej governance and management ]Vaiure ofgoverning documenl St Sidw¢ll's C¢ntre is a cotnpany limited by guarantee and a registered charity. The company was incoryjorat on 22nd November 2007. It has no 5haTe capital, and the guarantee of each member is limitrd to £10. The governing document is the MemoraDdum and Articles of Association of th¢ company and members of the Board of Trustees are the Directors of the company. Page 9
St Sidivell's Centre Exeter Trustees, Report Recrultment dnd opptsintmenl oflrHstee$ The Board of Trustees comprises those people elected by members and at each AGM one thiTd of those trustees must retire in Totation. Elec*d ITst may be re-appointed and at least onc third of those TnLqteeslDirectors must be volunteers at the Centre with at least one year's experience. Induction and training oftrAstee St Sidwell's regularly conducts an audit of tLWtee skills and knoWIge which helps to identify gaps and priorities for seeking appotntments to the Boar(L and suitable induction is givcn to llcw appointees. OrgllnisAtiortal strurture The core of the Centre's governancc rcmains the individuals and groups around St Sidwell's Exeter and tbe surrounding ar. It operates for social and community benefit. and it Is not profit-tnaking. Members elcct the Centre's Board of TrusteeslDirectors and arc reprcsentatives of the stakeholders to which the Centre is ultimately accountable. The day-to-day management Df the centre is delegatcd to the Cclltrr Manager Mqior risks and ofthose risks The charity r¢views risk to its operations at each stsge of any new developn]ents and at every Trust¢¢ Board meeting and ¢ontinu¢s to work towards a mix of aaivities and income sources thai do not place its fillure fimding at risk The Charity is the sole shareholder of St Sidwell'5 TTading Company Ltd. Th¢ notninal Sha value is £6,000. The operation, whilst being a eommercial bakery, also allows us to provide opportunities to our client gro.up and volunteers, and offers training opportunities in lin¢ with our clwitable objectives. Its profits are all ploughed back into the charity as ullrestricted fullds. We have a Risk Management policy which is reviewed annually and a Risk Register vA]ich is used to assess and guide our response to risks across goyernancc. fmancial and operntional areas. The Chair's Comments Once again, it is a pleasure to see Si Sidw¢ll's goiug from strength to strength, not only continuing with the PToje¥ls that are at the Lure of what we do, but also developing and responding to the ever-changing situation in the city and the country. As the lovely testimonials within this report highligbi, at the heart of wbat we do is tying to create a warni and inclu5ivc community. Food is a key part of how we do this - from the cafe. with its d¢li¢ious range of horn¢-cook¢d nwls. to the beautiful producc wc grow the garden and the cxccllcnt bakes tbut thc Bdkchoubc tcam continuc to devclop. It is great lo see the new community fridge added to this offering tbis year too. and the new. colourfuI planter5 have made the welcome at St Sid's all the more fricndly and inviting. Thc ESOL prograllC is anothcr important straDd of what we do, creating opportunities for people from all over the world io come together, while also supporting refug¢e5 to settle in a new eDvironm¢nt From ESOL tachers to coffee or cake makets, volulltccrs arc also fundatnrnldl to our community, and it js £xeiting to know that wc can continuc to cxpand and develop volunteer opportunities and support thank5 to Thc National Lottery Community Fund Reaching Cornrnunities progrdmmc. Additionally. Ihis Ab hclpiDg us to continue to grow our wcllbeing offcrillg, including Sid's Support. As the details above hIgh'gL this is vital and empowering wotk for those who use the service. There are so many people to thank for all of St Sidwell's achievements. A big thank you to Iona and the staff t¢am for.th¢ir continued hard work and commitment to everyihing they do al the Cenlre. It would not be such ao amazing place if it did not have such as amazing staff team, who show so much cornmitmenl sensitiviry and agiliry in their approach to working at St Std's. We are very lucky to have all of you. Thank yo Page 10
St Sidwell's Centre Exeter Trusteesl Report Thank you also to our many wonderful volunteers, who include, not only all of those who help to keep all our different projects running, but also our tswstees who WO behind the sccnes. Thank you also to &ll the different like-minded projects that choose to book rooms at the centre. You make our community even more vibranL Finally. t1Ik you to the members. users, vi5itots, funders and partner5. It lakcs all uf us to make St Sidwcll's the special place that it 15. After 6 years as a Trnqtee at St Sidwell'4 including 3 as Chair. this will be my last Chair's Comments as I will br slcpping down at the end of 2025. It has bcen an absolute pleasure to be a part of such a special placc. alld I will look forward to popping in for some lunch or a loaf of brcad aTtd hcaring about all thc amazing things that St Sidw¢ll's achi¢v¢5 &ft¢r I leave. Thank you for letting mc be part of such a special community. Statement of trustees, re5pon5ibilitle$ Th¢ trnstre5 (who are also the diTecloTS of St Sidwell's C¢ntre Exeter for the pwposes of company law) are responsible for preparing the trItees, report and the financial statements itt accordance with applicable law and United Kingdom Accounting Standards (United Kingdom G¢n¢rally Accepted A¢counting Practice). including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies. Company law requires the tSteeS to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statem¢nts unless they are satisfied ihat they give a t¢ and fair view of the state of affairs of the charitable company and of the iticoming resources and appli¢atioD of resource including its income and expenditure, of ihc charitable company for that petiod. In preparing these financial statements, the ttustees are rcquircd 10.. s¢I¥Lt suitable a¢couLting policies and apply them consistently. observe the methods and principles in the Charities SORP. make judgements and e5timaTrs that are reasonable and prudenL state whcthcr applicable accounting s(anil8rds. comprising FRS 102 have been followed. subject to any material departures disclosed and explained in the ftnancial statements,. and preparc thc financial statements on the going conccm ba515 unless it is inappropriate to presume that the haritable company will Gontillu¢ in busine&s. The trnstees are responsible for keeping proper accounting records that w di5¢1o5e with reasonabl¢ accuracy at any time the fjnanciai position of thc charitable company and enable them to ensure that the finan¢ial statements omply with the Companies Act 2006. They are also responsible for safeguarding the assets of the ¢haritsbl¢ company and hence for taking reasonable steps for the prev¢ntion and dectIOn of fraud and other irregularities. Th¢ tnlstees are responsible for the rnaintenance and integrity of the COOrate and financial infomation included on the charitable company's website. Legislalion governing the preparation and dissemination of fjnancial statwllents may differ from legislation in otherjllrisdictions. Pagell
St Sidwell's Centre Exeter Trustees, Report Small eompanles provlsloh stottm¢ht This report has be¢n pr¢par¢d in accordaD¢e with thc small ¢ompani¢5 gI¢ und¢r th¢ Companies Act 2006. X 22,10.2S The annual rq)ort was appmved by the tnLStc¢s of the charity on.................... and signed on its behalf by: Celia Plender Trustee Page 12
St Sidwell's Centre Exeter Independent Examiner's Report to the trustees of St Sidivell's Centre Exeter ('the Company I report to the charity trustees on my examination of the accounts of the Company for the yexr eftded 31 March 2025. Responsibilities and ba515 of report As tbe charity's trustees of thc CompaTJy (and also its directors for the PU05¢5 of company law) you are responsible for the preparation of the accounts in accordance with the requireEnts of thc Companies Act 2006 ('thc 21)06 Act,). Having satisfIed myself that the accounts of the Cotnpany are not required to be audited under Part 16 of the 2006 Act and arc cligiblc for independent examinatio I report in respect of my examination of your charity'5 accounts as carried Dut under section 145 of thc Charitic5 Act 2011 ('the 2011 Act,). In carrying out my examination I bave followed the Directions given by the Charity Commission under section 145(5Xb) of the 2011 Act. Independent exaneT'S Statement Since the Companys gross income exceeded £250.000 your examiner must be & member of a bo(ty listed in section 145 of the 201 l Act. I confum that l am qualifi¢d to uudertake the examination because l arn a llrnber of the Institute of Chartered Accountants in England and Wales, whlch is one of the listed bodies. I have completed my examination. I confinn that no matters hav¢ Con to my attention in coJJne¢tion with th¢ examination giving me cause to believ¢.. accounting recoTd5 were not k¢pt ill respect of St Sidwell's Centr¢ Exeter as required by section 386 of the 2006 Act. or 2. the accounts do not accord wilh those records. or 3. the accounts do not comply th¢ accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'tsve and fair view, which is not a matter considered as part of an independent examination. or 4. the ac¢ounLs have not been prepared in aecordance with the tnethods and principles of the Statemeni of Recojntnended Pr&cticc for accounting and reporting by charities. I havc no conccrns atsd have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanditkg of the accounts to be reached. Charlotte Chapman Gibbs BFP FCA Wortham Jaques Limited Chartered ACntallts and Charity Advisers 130a High Street Crediton Devon EX17 3LQ Page 13
St Sidwell's Centre Exeter Statement of Financial Activities for the Year Ended 31 March 2025 (Includlng Income and Expendlture Account and Statement of Total Recognised Galns and Losses) Unrestricted funds Restricted funds Total 2025 Note Income and Endowment$ from: Donations and legacies C]witable activities Investment incomc 59,590 87,153 345 59.590 336,?57 345 249.104 Total Income 147.088 249,104 396,192 Expenditure OD". Raising funds Charitable activities (28,000) (221,155) (28.000) (369502) (148,347) Total expenditure (249,155) (148.347) {397,502) Net (expenditureyincome Transfers between funds (102.067) 71,870 100.757 (71,870) (1.310) Net movement in funds (30.197) 28.887 (1.310) Reconeiliation of fvDd5 Total funds brought forward 113.880 52,188 166.068 Totsl fidS catried forward 21 83,683 81,075 164,758 Thc notcs on pagcs 18 to 41 forn? an integral part of th¢s¢ fjnancial statements. Page 14
St Sidwell's Centre Exeter Statement of Financial Activities for the Year Ended 31 March 2025 Une]udiDg Income and Expendlture Account and Statement of Total Recognised Gains nd Losses) Umrestricted funds Restricted nds Total 2024 Note Income and Endowments from.. Donations and legacies Charitabl¢ activities Investment incon 32.880 91.691 7,098 32,880 330,794 7,098 239.103 Total income 131,669 239,103 370.772 Expendlture on: Raising fimds Charitable activities {28.OIK>) {191,140) {28,000) (367,003) (175,863) Total expendityre (219.140) (175.863) {395.003) Nct (expcnditureyincome Transfers between fimds (87,471) 93,096 63.240 (93,096) (24,231) Net movement in fia5 5.625 (29,856) (24.231) Reeonelliation of funds Total funds brought forward 108.255 82.044 190.299 Total funds carried forward 21 113,880 52,188 166,068 All of the chariry's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in no 21. The notes on pages 18 to 41 forn) an integral part of th¢se financial stat¢mcnts. Pagc 15
St Sidwellls Centre Exeter {RegistratioD numbcr: 064341)19) Balance Sheet as at 31 March 2025 2025 2024 Note Fixed assets Tangible &ssets Investments 14 15 20.025 6,000 30,597 26,025 30,598 Current assets Debtors Cash at bank and in hand 16 17 57,484 109,927 76,166 88,634 167,411 164.800 Credltors: Amount5 falling due Ivithin one year 18 (17.892) (18,544) Net current a$5ets 149,519 146,256 Total assets less current liabi]itie5 175,544 176.854 Credltors: Amounts falllng due after more than one year 19 (10,786) (10,780 Net assets 164.758 166,068 Fund$ of the ¢h2rlty: Restricted income funds RtrICted funds 21 81.075 52,188 Ullreslricted income funds Unrestricted funds 83,683 113,880 Total funds 21 164,758 166,068 For the financial year ending 31 March 2025 the charity was entitled to ¢xen]ption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the chariry to obtain an audit of its accounts for the year in question in accordance with section 476; and The directors acknowledge Ibeir responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Th¢ notes on pages 18 to 41 forni an integral part of thcsc financial stal¢m¢nts. Page 16
St Sidjvell's Centre Exeter (RegAstratlon number: 06434019) Balance Sheet as at 31 March 2025 The financial staternents on pages 14 to 41 were approved by the In(ees, and authorised for issue on %.g...(o. . ZS and signed on their behalf by.. Celia Plender Tnlee Tbe notes on pages 18 to 41 forn) an integral part of th¢s¢ finan¢ial statements. Pagc 17
St Sidwell's Centre Exeter Notes to the Financial Statements for the Year Ended 31 March 2025 I ChArity statu$ The charity is litnited by guarantee, incorylorated England and Wales, and ¢OllsequeDtly does noi have share capital. Each of thc trustees is liable to contribute an amount nol exceeding £1 towards the assets of the chaTity in the evenc of liquidation. The address of its registered office is- St Sidwell's Centre Sidwell Street Exeter Devon EX4 6NN 2 Accounting policie5 Sumrnary of significant accounting policie5 and key aceountlng estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been ¢on515tently applied to all the years presented. unles5 othenvise stated. Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effecuve l October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They 50 comply with the Companies Act 2006 and Charities Act 2011. Basis of prep¥ration St Sidwell's Centre Exeter rncets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at bistorical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going concern The trustees consider that there are no material uncertainties about the charitys ability to continue Ls a going concern nor any significant areas of uncertainty that affect thc caillg valuc ulusbcls beld by the charity. Income and endowments All income is recognised once the charity has entitlement to the income, it is probablc that the income will be rec¢ived aud the amount of tbe income receivable can be measurcd reliably. Don&tions legacies Donations arc recogniscd when the charity has been notified in writing of both th¢ arnount and settlement date. In the event that a donation is subject lo conditions that require a level of perfonnance by tbe charity beforc the charity is entided to the fun(ts, th¢ income is deferred and not recognised until cithcr those conditions are fvlly m¢¢ or the lfilMent of those conditions is wholly within the control of the chariry and it is probable that these condilions will be fidfLlled in the reporting p¢riod. Page 18
St Sidwellls Centre Exeter Iyotes to the Financial Statements for the Year Ended 31 March 2025 Gr&nts receivable Grants are recognised when the charity has an entitlement to the funds and conditions linked io the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is re£ogniscd as a liability and illcluded on the balance sheet as deferred income to be released. Donatsdsmices andfacilities Where serviLes or facilitics arc provided to the charity a5 a donation that would nom]ally be purchased from our suppliers. this benefit is included in thc finaDcial statements at it's fair value unless it's fair value cannot be reliably mcasurciL thcn at the cost to the donor or the resale value of g(KJd5 that are to be sold. Invutment income Dividends are recogni5ed once thc dividend has been declared and notification has been rcLeived ofthe dividclld due. Eypendithre All expenditur¢ is re¢ognised once there is a legal or cOnstntive obligation to that ¢xpenditure. it is probabl¢ s¢ttlement is required and the amount can be measured reliably. All costs .are allocated to the applicable expenditur¢ heading that awegate similar costs to that category. Where ¢osts cannot bc direGtly attributed to particular headillgs they have b¢en allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the &%set's use. Other support costs are allocated based on the spread of staff costs. RaisingfMnd5 These are costs incurred in attracting voluntary income, the management of investments and those incurred in traditig activities that raise fimds. Charitable acrivili Clwitable expenditure comprises those costs incurred by the Charity in tILe delivery of its activities and services for its beneflciaries. It includes both costs that Can be allocatrd directly to such attivities and those costs of an indirect nature necessary tt) support them. SDpport eosts Support costs includc central fimctions and have been allocated to actAVity cot>t categories on a basi2> CUIJbibtcnt with thc e of resources. for example, allocating property costs by floor area5, or per capit< siaff costs by ihe time spent and other costs by their usage. Governance costs These include the costs attributablc to thc cbarity's compliance with constitutional and statytory requirements, including audi¢ strategic management and thistees meetings and reimbursed expenses. Government grallts Government grants att r¢¢ognised based on the accrual model and ar¢ m¢asuTed at thc fair vaLuc of th¢ assct r¢ceiv¢d or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue ar¢ recognised ill income over the period in whith th¢ Telat¢d cost5 ar¢ recognised. Grants relating to assets a recognised over the expected useful life of the asset. Where part of a t relating to an asset is deferred. it is recognised as defetred income. Page 19
St Sidwell's Centre Exeter Notes to the Financlal Statements for the Year Ended 31 March 2025 Taxation The Chlty is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Ad 2QIO therefore it meets the defInition of a charitable company for UK corFA)rntion tax pury)oses. Accordingly, the charity is Exytcntially cxtmpt ftom t&xation in respect of income or capital gain5 received within categoria% covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Scction 256 of tbc Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively to charitable purtKyses. Tangli Ile red assets Individual fix asseLs cthsting £500.00 OT more ar¢ initially ror(kd at fQ5t. Depredatlon and amorttsatlon Depreciation is provided on tangible red assets 50 as to write off the cost or valuation, les5 any estimated residual value. over th¢ir ¢xp¢cted usefid economic life as follows: Asset class Furniture and equipment Depreciation rnethod and rate 250/0 straight line basis Fixed asset investments Fixed asset investhients, other than programme related investments. ar¢ included at market value at the balance sheet date. Realised gains and losses on illvestmenls are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost. and are charged or credited to the Statement of Financial Activities in the period of disposal. Unrealised gains and losses represent the movement in market values during the year and are credited or charged io the Statement of Financial Activities based on the tnarket value at the year en Trade debtOTS Trade debtors are amounts due from customers for merchandise sold or services perfortn¢d in the ordinary coursc of businc&s. Tradc dcbtors arc rccogni5cd illitially at thc transaction price. They are subsequently measured at amortised cost ing the effective interest methrf less provision for impairnient. A provision for the impairnient of trade dcbtors Is Cstablish whcn thcrc is objcctivc ldcU¢¢ that the ckwiiy will not be able to collect all amounts due according to the original ternjs of the receivables. Cash and cash equlvalents Cash and cash equivalents comprise cash on Iwid attd call deposits, and other short-tern] highly liquid investmenis that are readily convertible to a known amount of cash and ar¢ subj¢d to an insignificant risk of change in value. Page 20
St Sidivell's Centre Exeter Note5 to the Financial Statements for the Year Ended 31 March 2025 Trade tredStors Trade creditors are obligations to pay for goods or servtees that have been acquired in the ordtnary course of business from suppliers. Accounts payable are classified as current liabilities if the cbarity does not have an unconditional right. at the end of the reporting period. to defer settlement of the creditor for at least twelve months after the rcporting date. If there is an unconditional right to defer settlement for at le&st Iwelve months after the reporting dale. they are presented as non-current liabilitic5. Tradc crcditDf5 aTe recolsed initially at the trdnsaction price and subsequently measured at amortised cost using the effective interest mcthod. Borroivings Interest-bearing borrowings ar¢ initially [Crd¢d at fair value. uet of transaction ¢0sts. Int¢r¢5t-b¢aring borrowings are subsequently carried at amortised cosL with the difference between the Proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Artivities over the period of the relevant borrowing. Interest expense is recogni5ed on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified &5 cent liabilities w7less ihe charity has an unconditional right to defer settlement of the liability for at least twelve n]onths aft¢r th¢ r¢portillg date. Fund structure Unrestricted income fvnds are general fvnd5 that are available for use at the thteeS discretion in furtherance of the objec¢ives of the ckwiry. Restricted income fimds are those donated for use in a partiadar area or for specific purposes. the use of which is restrieted to that area OT PUIPOS¢. Pensions 2nd other p05t retirement obllgatlons The charity opcratcs & defined contribution pension scheme which is a pension plan under which fixcd contributions are paid into a pension fijnd and the cbarity has no Icgal or constnLutivc obligation to pay further contributions even if thc fund docs not hold suificient assets to pay all employees the benefits relating to employee Service in curreni and prioi pctiods. Contributions lo defined contribution plans are recogniscd in thc Statcmcnt of Financial Activilies when they are due. If Contribution payments exceed the conlribulion due for service. the excess is Tecognised a5 a prayMent. Fin4ncial instruments Classificolion Financial a&sets and financial liabilitie5 COls¢d when the cknity become5 a party to the contractual provisions of the instnunent. Fitwicial liabilities and equity instnunents are clal[led according to the substance of the contrac¢ual arrangements entered into. An equity instrument is any ¢ontrad that ¢vidences a residual interest in the assets of the ¢harity after deducting all of ils liabilities. Page21
St Sidwell's Centre Exeter Notes to the Financial Statement5 for the Year Ended 31 March 2025 Recognidon and meosurement All financial assers and liabilities are initially rneasur¢d at transaction price (including transaction costs), except for those financial assets cla55ified as at fair value through profit or loss, which are initially measured at fair vaLue (which is nomially the transacuon price excluding transaction cosls), untess the arrangement constitut¢5 a financing transaction. If an arrangemenl con5titr]tes a financing transaction, the financial asset or financial liabiliry is measured at the present value of. the future payments discounted at a rnarket rate of interest for a similar debt illstrument. Financial assets and liabilities aTe only offset in the stsment of finamcial position when, and only when there exists a legally ¢nforGeabl¢ right to sel off the recognised amounts alld the Gharity tntends either to settle on a net basis, or to realise the asset and settle the liability simultaneollsly. Financial assets are derecognised wben and only when a) the contractual rigbts to the cash flows from the financial asset expire or are settleiL b) the charity traDsfers to another paty substantially ail of the risks and rewards of ownership of the financial asset. or c) the charity, despite having retained some, but not all. Significant risks and rewards of ownership, has transferred control of the asset to another party. Financial liabilities are dereco8nised only when the obligation specified in the contract is dIharge cancelled or expires. Page 22
St Sidwell's Centre Exeter Notes to the Financial Statements for the Year Ended 31 March 2025 Debt instrnments Debt instruments which nieet the following conditions are subsequently rneasured at amortised cost Ing the effeetive interest method: (a) The cOntracal reNrn to ihe holder is (i) a fixed amounL lii) a positive fixed rate or a positive variable rate. or (iii) a combination of a positivc or a negative fixed rate and a pSItIVe variable rate. (b) Thc contrdct may provide for repaymcnts of the principal or the Teturn to the holder (but not both) to be linked to a single relevant observable index of general price inflation of thc currency in which the debt instnjment is denominated. provided such lit&s are Dot leveraged. (c) The contract may provide for a deteminable variation of the return to the holder during the life of the instrument, provided that (i) thc llcw ratc satisfics conditLOtL {a) and the variation is not contingent on fvture events other than (l) a change of a contractual variable rate. (2) to protect the holder against credit deterioration of the issuer. {3) change5 in Icvic5 applicd by a central bank or ariqing from changes in relevant taxation or law. or (ll) the new rate is a nwket rate of interest and satisfies condition (a). (d) There is no cOntracal provision that could. by its tenns. result in the holder losing the Principal amount or any int¢re5t attributable to the current period or priorperiods. (e) Contractual provisions that perniil the issuer to prepay a debt instrnment or p¢rn]it the holder to put it back to the issu¢r before macuriry are not contingent on future events, other than to protect the holder again51 the credit deterioration of th¢ i5SUU QT a change in control of the issuer, or to protect the holder or issuer agalnst changes in levies applied by a central bank or arising from changes in relevant taxation or law. (fj Contractual provisions may perniit the extension of th¢ temi of the debt Anstn]mellt, provided that the rern to the holder and any other Contractual provisions applicable during the extended temi satisfy the conditions of paragraphs (a) to (c). Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are MeaSud at the undiscounted amount of the casb or other consideracion expected to be paid or r¢ceived, net of in]pairmeni. With the exception of some hedging inslnunents, otber debt instruments not meeting these conditions are measurcd at fair value through profil or loss. Committncnts to make and receive loans which meet the conditions mentioned abovc arc rncasured at cost (which may bc nil) Icss impairmcnt. Inveslments Investments in non-convertible preference shares and non-puttable ordinary or preference shares {vAJere shares are publicly traded or thcir fair valuc is Tcliably mc&surdble) are measured at fair value chrough profit or loss. Where fair value cannot be measured Teliably, investments are me&sured at Cost Icss impairmcnt. Investments in subsidiaries and associates are measured at cost Ic&s impainyent. For investments in subsidiaries acquired for CUDsideration including the issue of shares qualifyng for merger rclicf, cost is measured by r¢feren¢¢ to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored. Page 23
St Sidivell's Centre Exeter Notes to the Flnandal Statements for the Year Ended 31 March 2025 3 Income from donations and legacies Unrestrleted funds Gener Tot&1 funds Donations and legacies; DonatioDb frvm LompaIiic¥. ttubts alld similar proceeds DonatioDS from it1VIdUaIs Donations from community groiips Gift aid reclaimed Grants. including capital grants" Government grants GraDts from other charities Donated seTvices and fllItIeS 47 47 25.961 1.287 2.995 25,961 1,287 2,995 3(K) 300 1.000 28.0(K) 28,000 Total for 2025 59,590 59,590 TotAI for 2024 32,880 32,880 4 Income from Charitable activities Unrestricted funds Gener21 Restricted funds Total funds Cafe Rijorn Hire Bakehouse Core activities Community projects 55.788 22.760 4,541 2.857 1,207 55,788 22,760 4.541 2,857 250.311 249.104 Total for 2025 87.153 249.104 336,257 Total for 2024 91,691 239.103 330.794 Page 24
St Sidwell's Centre Exeter Notes to the Financial Statements for the Year Ended 31 March 2025 5 Investment income Unrestricted fund5 General Totsl funds Interest Teceivable and sin]ilar income. Interest receivable on bank deposits 345 345 Total for 2025 345 345 Total fDr 2024 7.098 7.098 6 Expenditsre on raising funds *) Costs of generating donatioll5 and legacie5 Unrestricted funds General Total funds Note Donated sfflvices and gifts in kind 28,000 28,000 Total for 2025 28,000 28.0 Tolal for 2024 28,000 28.000 7 Expendlture on charitable 4Ctivilies Unrestricted funds General Restricted funds Total funds Note Cdf¢ Roojn Hire Bakehouse Core activities Community activitie5 Depreciation, arnortisation and other similar costs Staff costs Allocated support costs Governance costs 41,796 265 436 3,254 575 41,796 265 436 3,254 28,001 27,426 14,338 124.502 32.659 3,330 14,338 245.423 32.659 3J30 120.921 Total for 2025 221.155 148,347 369,502 Total for 2024 191.140 175.863 367,IM)3 Page 25
St Sidwell's Centre Exeter Notes to the Flnancial Statements for the Year Ended 31 Mareh 2025 Activity undertaken dlrectly Actlvlty support Costs Total expendithre Cafe 81.444 13.915 436 85.633 152.085 8,168 8,169 5.433 89.612 22,084 5.869 85.633 162.974 Room rental Bakchousc Core activity Cornmunity projects 10.889 Total for 2025 333,513 32.659 366,172 Total for 2024 332.536 31.917 364.453 In addition to th¢ up¢nditure allaly5ed above, there are also governance wst5 of £3.330 (2024 - £2.550) whiGh relate direcily to charitable aclivilies. See note 8 for furthcr details. Page 26
D en ¢ enN <<<
St Sidwell's Centre Exeter Iyotes to the Financial Statement5 for the Year Ended 31 March 2025 Govermance costs Unrestricted funds Gener Total funds Independent examiner fees EXami[tIon of the fLtLincial statements Other governance costs 3.296 34 3,296 34 Total for 2025 3.330 3.330 Total for 2024 2,550 2,550 9 Net Incomlngloutgolng resources Net outgoing resources for the year include: 2025 2024 Depreciation of red assets 14.338 23.902 10 Trustecs remuneration 2nd eipcnses During the year the charity made the following transa¢tions with trustc¢s: Keith Bell £168 {2024.. £493) of expenses were reimbursed to Keith B¢ll during the year. Reimbursement of travel expLS¢S. At the balance sheet date the amouni due to Keith Bell was £168 (2024: £493). Celia Plender £24 (2024: £Nil) of ¢xp¢ns¢s were reimburscd to Cclia Plender during the year. Reimbwsement of travel exp¢nses. No inisttts. nor ally pcr50ub connected with thenL have reLeiv¢d wiy remuneration from the charity during the year. No trustees have received any other benefits from the charity during the year. Page 28
St Sidwell's Centre Exeter Notes to the Financial Statement5 for the Year Ended 31 March 2025 I I St•ff ¢o$ts The agate payroll costs were as follows.. 2025 2024 Staff costs during the year were: Wag&s and salari65 Social security cosls Pen5i0n Costs 227,456 12,486 5.481 213.034 11.615 5.757 245.423 230.406 The monthly average numbcr of persons (including senior management / leadership team) employed by the charity during the year expressed full time equivalents was a5 follow5: 21)25 No 21124 Cbaritable activities io 16 (2024- 13) of the above employees participated in the Defined Contribution Pension Schemes. Contributions to the employee pension schem¢s for the year totalled £20,458 (2024- £16,511). No employee received emoluments of more than £60,000 during the year. 12 Independent examiner's remuneration 2025 2024 Examination of the fllwicial statements 3.296 2,550 Page 29
St Sidwell's Centre Exeter Notes to the Flnancial Statements for the Year Ended 31 March 2025 13 Tiiation The cl)arity is a registered charity and is therefore exempt from taxatiotL 14 Tangible fixed assets Land and bulldlngs Furnlture and equipment Motor vehl¢les Total C05t At l April 2024 Additions Disposals 37.796 .562 172.522 2.820 (28.965) 1,967 212.285 4.382 {28.965) At 31 March 2025 39,358 146.377 1.967 187.702 D¢pre¢latlon At l April 2024 Charge for the year Eliminated on disposals At 31 March 2025 15,195 9.647 165,018 4.199 28 J49 1,475 492 181,688 14.338 (28.349) 24.842 140.868 1.967 167.677 Net book value At 31 March 2025 14,516 5,509 20,025 At 31 March 2024 22.601 7,504 492 30,597 Included within the net book value of land and buildings abovc is £Nil {2024 _ £Nil) in respect of freehold land and buildings and £14,515 (2024 _ £22.601) in rcsPCCt of Icalicholdb.. 15 Flxed asset Investments 2025 2024 Shares in group undertakings and participating interests 6,000 Page 30
St Sidwell's Centre Exeter Notes to the Financial Statements for the Year Ended 31 March 2025 Shares In grDUP undertakings and partlclpatlng Interests Subsidiary undertakings Total Cost At l April 2024 Additions 5.999 5.999 At 31 Mah 2025 6.000 6.000 Net book value At 31 March 2025 6,000 6.000 At 31 March 2024 Details of undertakiDg5 Details of the investments in which the Chlty holds 200/0 or more of the nominal value of any ¢la55 of 5har¢ capital are as follows-. Page31
St Sidwell's Centre Exeter Notes to the Financial Statements for the Year Ended 31 March 2025 Country of Incorporation Proportion of voting rights Principal and Shares held activity Undertaking Holdillg 2025 2024 Subsfidl*ry uThd¢rtxklngs St Sidwell's Trading Company Limiled Ordinary £1 Share England and Wales lo/0 loo% Bakcry Page 32
St Sfidwell's Centre Eieter Notes to the Financial Statements for the Year Ended 31 March 2025 Subsldlarles The los¥ for th¢ financial pcriod of St Sithvell's Trading Company Limited was £2,692 (2024 - £1,340) and the aggr¢gat amount of Capital and reseTves at the end Df the peri(NA was £3.230 (2024 - £{77)). 16 Debtors 2025 2024 Trdde debtors Due from gmup undertaktngs Accnjed income 26,456 28,984 8,057 57,486 10,623 57,484 76.166 17 Cash wnd c15b equiv41ents 2025 2024 C&sh on hand Cdsb at bal 510 109.417 358 88,276 109,927 88.634 18 Credltors: amounts falllng due wlthin one yegr 2025 2024 Trade creditors Other taxation and social securiry Other creditors Accruals 1.537 5.224 3,794 7.337 6.033 4.314 2,610 5,587 17,892 18.544 19 Creditors: amounts falling due after one year 2025 2024 Other loans 10,786 10.786 20 PeDSiOn and other schemes Defined contribution pension scheme The charity opcrates a defined COLtribution pension schane. The pension cost charge for the year represents contribuuons payable by the charity lo the scbem¢ and amounted to £5,480 (2024- £5,756). Page 33
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St Sidwell'5 Centre Exeter Notes to the Flnancfial Statements for the Year Ended 31 March 2025 22 Analysi5 of net Assets behveen funds Unrestricted funds General Total funds at 31 March 2025 Restricted funds Tangible fixed assets Fixed asset investments Current assets Currcllt liabilitics CTe(htors over l year 20,025 6.000 148,552 (16.351) (10.786) 20,025 18.859 (1.541) 167.411 (17.892) (10.786) 164,7511 Totrl net assets 147,440 17,318 UDrestricted funds General Totsl lunds at 31 Mgrch 2024 Restrieted fund5 Tangible fixed assets Fixed asset investments Current assets Current liabilities Crcditors ovcr l ycar 30,597 30,597 152,930 (16,290} (10,786) 11.870 (2,254) 164,800 (18.544) (10,786) Total net a&sets 156,452 9,616 166,068 23 Analysis of net funds At l Aprll 2024 Financing cash At 31 MAreb flows 2025 Cash at bank and in hand 88.634 21293 109.927 Net debt 88.634 At l April 2023 21,293 109,927 Financing c4sh At 31 March flows 2024 Cash at bat)k and in hand 96,473 (7.839) 88.634 Net debt 96,473 {7,839 88,634 Page 40
St Sidivell's Centre Exeter INotes to the Financial Statements for the Year Ended 31 March 2025 24 Related party transaetions During tbe year the charity llde the following related party transactions: St Sidwell's Trading Company IAmited (St Sidwells Trading Company Limited is tbe wholly owned subsidiary of St Sidwell's Centrc Exeter) Thcrc 15 a rcrhargc of costs inCUTrcd on bchalf of thc 5ub5idiary cotllpally whtch arc somclimcs paid for by the parent. All other transactions between the parent and subsidiary are concluded under norn1 market conditions. The balance outstanding is repayablc to the parent within 12 months. During the year to 5UPPOrt the Trading Company. the Charity increased the value of its investment from a £1 share to £6,INX) in paid up shares. At the balance sheet datr the amount due froD] St Sidwell's Trdding Company Limited was £28.984 (2024 - £57,486). 25 PArellt and ultfim*t¢ parent yndertaklng Th¢ uliimpte controlling party is the charitys trustees. Page41