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
re￿ge¢ families through the VPRS and UKRS schemes for Syrian re￿gees, 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 t0Th￿d5 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 ll￿ke 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
beauti￿1."
"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 c1￿1St[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 refe￿alS 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 stA￿tory services by making ref¢tTa15 to Adulc Social S￿vices 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 UniVe￿at 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 Se￿1¢¢ 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 ri￿lts 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 sts￿gg1e 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
Develop￿ellt 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, re￿gees. settled residents,
international s￿dents, 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 learn￿5, 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 f￿n￿leS have transitioned out ofthe schem¢ this year
Exp¢cting 4 new f￿n￿lle$ in Summer 2025, with n￿re 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. Re￿ge¢
Support Devon (RSD). Hikniat. Pickivell Foundation" Devon County Council (Migration and Resettlement
Team); Teignbridge CVS. Learn Devon. STAR {S￿dent 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 com￿UllIty 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 COmm￿nity 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 Ha￿sChold 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 W￿te 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 cU￿entlY 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 fi￿dillE by the OPCC to enhance the grounds and di￿ourag¢ anti-social
behaviour. We iDStailed colourtul plant￿5 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 peace￿1 and beautiful it was. Voluntee[5 and staff havc lovcd watching our b￿dboXeS (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 comtin￿ty 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 partne￿hip 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 sllp￿rt 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 LC￿al 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 or￿n18&t10n.
Decisinns tsken are informed by financial management Inforn￿tIon 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[v￿ent Examtner:
Wortlwn Jaques Limited
Chartcrcd AccounlaDts and Charity Adviscrs
130a High Street
Crediton
Dcvon
EX173LQ
Trustees 4nd offlcers
Thc tr￿￿te£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 IT￿st￿ 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 knoWI￿ge 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 prograll￿C 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￿'g￿L 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. t1￿Ik 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 trI￿tees, 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 t￿SteeS 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 de￿ctIOn of fraud and other irregularities.
Th¢ tnlstees are responsible for the rnaintenance and integrity of the CO￿Orate 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 PU￿05¢5 of company law) you are
responsible for the preparation of the accounts in accordance with the require￿Ents 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 exan￿￿eT'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 ll￿rnber
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 AC￿￿ntallts 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 fi￿dS 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 fi￿a5
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
R￿trICted 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
Tn￿lee
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 ca￿illg 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 cOnstn￿tive 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 Ch￿lty 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 r￿ed assets
Individual fix￿ asseLs cthsting £500.00 OT more ar¢ initially r￿or(kd at fQ5t.
Depredatlon and amorttsatlon
Depreciation is provided on tangible r￿ed 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 reco￿lsed initially at the trdnsaction price and subsequently measured at amortised cost
using the effective interest mcthod.
Borroivings
Interest-bearing borrowings ar¢ initially [C￿rd¢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 c￿ent 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 th￿teeS 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 pr￿ayMent.
Fin4ncial instruments
Classificolion
Financial a&sets and financial liabilitie5 ￿CO￿ls¢d when the cknity become5 a party to the contractual
provisions of the instnunent.
Fitwicial liabilities and equity instnunents are cla￿l[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 sts￿ment 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 dI￿harge￿ 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 cOntrac￿al 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 p￿SItIVe 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 cOntrac￿al 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 re￿rn
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 MeaSu￿d 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 it￿1VIdUaIs
Donations from community groiips
Gift aid reclaimed
Grants. including capital grants"
Government grants
GraDts from other charities
Donated seTvices and f￿llItIeS
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 ¢
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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 r￿ed 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 exp￿LS¢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 a￿gate 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 Ma￿h 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 Ch￿lty 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 ll￿de 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 norn￿1 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