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2022-07-31-accounts

REGISTERED COMPANY NUMBER: 05672529 (England and Wales) REGISTERED CHARITY NUMBER: 1124422

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31st July 2022

for

Churn Project Limited

JD Frost Accountants Chartered Accountants 7 Links View Cirencester Gloucestershire GL7 2NF

Churn Project Limited

Contents of the Financial Statements for the Year Ended 31st July 2022

Page
Report of the Trustees 1 to 13
Independent Examiner's Report 14
Statement of Financial Activities 15
Balance Sheet 16
Notes to the Financial Statements 17 to 22
Detailed Statement of Financial Activities 23 to 24

Churn Project Limited

Report of the Trustees for the Year Ended 31st July 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st July 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

REPORT OF THE CHAIR

For twenty-one years, the Churn Project has been supporting vulnerable and marginalised people across the community in Cirencester and nearby villages. Our aims are to reduce isolation and improve wellbeing particularly for those who are lonely, at a point of transition or crisis in their lives or experiencing poverty or mental health issues. Our vision is that all our residents are included and involved in their community; feel supported, valued and given the opportunity to achieve their potential.

It has been a year of change, with people and communities finally being able to come together again. Over the past twelve months, The Churn Project have engaged with 1378 people, including 156 volunteers, supporting people to reconnect, build new friendships, learn new skills and grow in confidence.

I am really proud of the hard work and commitment of our team of staff and volunteers. Their support and encouragement has seen people get together, join groups, visit new places and learn new skills whilst feeling more confident, less isolated and more involved in their communities.

None of this would be possible without the support from our funders and donors to whom we are very grateful and allow us to finish the year in a sound financial position.

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Churn Project Limited

Report of the Trustees for the Year Ended 31st July 2022

OBJECTIVES AND ACTIVITIES

Objectives and aims

Purpose & Aims

The Churn Project's purposes are set out in the objects stated in its Memorandum & Articles of Association:

Our vision that all people should be included, involved, and invested in their community is met through our mission to change lives by:

We tackle inequalities which contribute to economic hardship, social isolation and unemployment, by developing solutions and services which focus on giving purpose, belonging, hope. We aim to work with those in and around the Cirencester community most marginalised by those issues, especially those who are unemployed or low-skilled, older people, and vulnerable families.

To meet our objectives, we provide a range of services:

The Churn's ongoing strategic objectives are:

  1. To further develop the services we currently provide, and any new we introduce, to make them the most effective we can offer.

  2. To reach and communicate in an appropriate way with different audiences, including the people who need our services most

  3. To manage the charity as effectively and efficiently as possible

We pride ourselves on offering services of excellent quality with very limited resources, this year our total output has cost £418,909. Although we operate with a paid staff of 16 part-time workers constituting around 9 full-time equivalents, we optimise our offer by forming robust partnerships with other local organisations and making full use of community goodwill through our volunteers. This year 156 volunteers contributed time and effort to the project, donating over 4622 hours of their time, which means £50,378 given in kind (based on the UK Real Living Wage of £10.90ph).

COVID 19 Pandemic

During the period 2021/22 the Covid19 pandemic continued to have an impact, particularly around feelings of isolation and loneliness and we saw an increase in demand for support around mental wellbeing. We continued with our increased levels of 1:1 support and our Mental Health Engagement role became firmly embedded in the team with a cohort of clients receiving both short term and longer-term support.

Ensuring our work delivers our aims

We regularly review our work ensuring that our aims, objectives and all activities remain relevant to what we have stated we will achieve. We evaluate our work in relation to the outcomes and benefits it produces for our clients. The trustees have referred to the Charity Commission's general guidance on public benefit when reviewing the work planned.

Public benefit

During the year our services were accessed by over 1200 people from Cirencester and the surrounding area.

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Churn Project Limited

Report of the Trustees

for the Year Ended 31st July 2022

ACHIEVEMENT AND PERFORMANCE

Charitable activities

SERVICE SERVICE USERS Ageing Well 242 Employment & Skills 206 Engagement 153 Family Services 313 adults 308 children Volunteers 156 Total 1378

Our Listening Fortnight evaluation told us that accessing Churn services resulted in:

1 AGEING WELL Main Objectives: - Reduction of isolation

- Increase of resilience

- Improvement of wellbeing

- Support through crisis

Our Ageing Well Programme supports people over 65, particularly those who live alone, or who have additional needs or responsibilities (including carers, people with mental health concerns, learning difficulties, low income, or recently bereaved) in and around Cirencester. We support people to feel more connected, less isolated, and more purposeful - enabling them to live happily, and independently, for longer. To that end, we offer a mix of volunteer befriending, friendship groups and classes, and 1:1 support. Over the past 12 months, we have supported 242 older people. Our Ageing Well programme is mainly funded by The Henry Smith Charity.

Good Neighbours 1-1 Befriending

We have 62 people befriended under our Good Neighbours scheme, 55 of these receive a weekly visit from a volunteer, 7 people prefer to have telephone calls only.

Since August 2021 we have received 45 new referrals for Good Neighbours 1-1 befriending service. Referrals come from a range of statutory providers including Adult Social Care, NHS primary care services, Community Nursing and Mental Health Teams. We work particularly closely with the South Cotswold Frailty Team and Social Prescribers attached to local GP surgeries who often use the Friendship Café as a venue to meet mutual clients in an informal setting. Our ethos has always been to try to help our older clients to re-connect with the wider community and widen their network of friendships and support therefore, if appropriate, we always try to encourage new referrals to attend a group or activity before registering them for Good Neighbours 1-1 befriending. Some people are unable to get out of the house or would prefer individual visits but for others, the physical and emotional support of a volunteer accompanying them to a group has had many benefits.

Friendship Café

Our weekly Friendship Café is an opportunity for older people to get together and catch up with friends old and new. It is an informal space, supported by staff and volunteers, offering tea, cake, and friendship. The Café was established in 2021 to enable older people to connect with each other and their wider community, where staff can signpost to other resources or sources of support, and to foster a sense of belonging and purpose for those who attend.

The membership has grown significantly over the last 12 months, increasing from 62 in August 2021 up to 108 by May 2022, with an average of 40 people coming along to each session.

In September, due to the growth in numbers, we relocated the Café from The Churn Project building to Diversities, a local café who kindly gave us their premises from which to host. People continued to engage and by December we had outgrown the space and moved to a permanent home at the Ashcroft Church and Centre.

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Churn Project Limited

Report of the Trustees for the Year Ended 31st July 2022

As well as being a great social event for attendees, the Café also serves as a forum to disseminate useful information. For example, we have provided advice and practical help around energy costs, aiming to remove barriers of stigma and misinformation to ensure people who needed it were able to access additional financial support. It has been used as resource by Health and Social Care professionals to meet clients informally. Older patients who are new to Cirencester are often signposted to the Café by their surgery and we receive frequent referrals from Social Prescribers working with patients who are identified by their GP's as being lonely, isolated or who are experiencing poor mental health.

The team are supported to deliver the Friendship Café by 8 fantastic volunteers, and we receive regular donations of cake from Cook Cirencester.

'It is so nice to go somewhere for a natter and a cup of tea and cake with like-minded people'

'I do like meeting other folk and socialising. Its very good to come here, I do enjoy the tea and cake and the friendship it offers'

Friendship Café - Social Events

Every fourth week, the Café attendees are invited to a social event or activity. We know how important it is, whatever your age, to have new opportunities and experiences and to visit new places and the value of enjoying shared experiences in combating the loneliness and isolation felt by many older people living alone.

We have partnered with local organisations who have offered their services free or at a reduced charge, to encourage people to engage in activities within their community that that they might not otherwise be able or inclined to do.

After each event we ask the participants to complete a simple feedback form. Many people tell us that they would not be able to attend an event without our support, citing barriers including cost, lack of confidence attending alone, concerns about access or needing support to attend, inability to arrange or afford transport or simply preferring to share the experience with others. Our events this year have included

- August Afternoon Tea at The Organic Farm Shop, with 34 attendees and 9 volunteers from Charles Russell Speechlys International Law Firm acting as hosts and funding costs.

- September Day trip to Clevedon Pier, with 39 attendees and 5 volunteers offering support and friendship

- October Westonbirt National Arboretum, with 38 attendees and 4 volunteers

- November New Brewery Arts held a workshop to involve our clients in a community arts project focussing on resilience and togetherness during the pandemic. People were helped to embroider words of strength and create ceramic wall hangings.

- December Churn Christmas Carol Service at Cirencester Parish Church, with 114 attendees and eight volunteers. The music was provided by Mindsong, a singing group for people living with dementia and their carers, and the choir from St James's Place Wealth Management . Sherry and mince pies were enjoyed by all.

- May The Barn Theatre hosted a special matinee performance of Some Enchanted Evening attended by 83 of our clients and five volunteers. We also collaborated with The Barn Theatre in hosting a Jubilee Tea Party featuring songs from the 1950's which was held on June 2nd.

'A very enjoyable experience and has brought my husband out of a shell of not wanting to mix, he now looks forward to going'

Sociable Stroll

Our weekly groups encourage gentle exercise outdoors and provide informal support. We host sessions each week from Cirencester and South Cerney, with an average attendance of 7 older people and three volunteers per week. In May 2022 both groups (21 people) visited Westonbirt Arboretum for a walk and a picnic lunch.

"We had a really lovely walk - PP's hip seemed to be painful today so we walked a bit, sat on the bench, then walked back to the café.'

Memory Club

A monthly group for people living with dementia and their carers, with an average attendance of 9 people per month.

Living with Loss

A monthly group providing informal support for the recently bereaved.

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Churn Project Limited

Report of the Trustees for the Year Ended 31st July 2022

'Its good to have company as I live alone'

Volunteering

Volunteering is central to the ethos of our Ageing Well service. We know that people choose to volunteer for a variety of reasons: to become more involved in their community, to connect with other people, to have a sense of purpose and to increase their own wellbeing. Many of our volunteers are older adults themselves and joined us at a point of transition in their lives, including retirement, having made a recent home move or having lost their life partner. Volunteers support the running of our group activities and all of our befriending visits are provided by volunteers. 46 people volunteer their time supporting our Ageing Well Services.

Case Study

Sandra is an older person living with dementia who recently moved to Cirencester. Sandra was referred to us through the Alzheimer's Society and is aware of her diagnosis. She explained that she feels self-conscious about some of her cognitive limitations and can become flustered when she cannot remember things. She had lost confidence in going out on her own due to a couple of occasions where she had got lost and felt disorientated.

Initially Sandra was reluctant to have any support and did not want to come along to Memory Club, our group for people living with dementia. In many ways she was still grieving for her independence and her 'old self', so our Engagement Worker spent several sessions gaining her trust and building up a relationship with the ultimate goal of assisting her to attend the Friendship Café. After a few false starts, she began attending regularly.

I really did not want to come but my son said I must give it a try. I'm so glad I did because I had no idea that well, we are all the same really. No one cares what you look like and they don't judge you. Everyone is so friendly and wants you to be there and wants it to be a happy place. I absolutely love it. It is the best part of my week. I used to be such a confident person but I'm not anymore but I feel part of it here.

Our Listening Fortnight evaluation told us that Older People accessing Churn services resulted in:

2 EMPLOYMENT & SKILLS Main Objectives

Our Employment & Skills Service has worked with 206 people through our weekly Work Club, the courses we offer, 1:1 support and GEM.

Our weekly Work Club offers people individual targeted support from a volunteer or staff member, to update their CV, complete application forms and seek advice on Universal Credit & Jobmatch. We have a team of 4 dedicated volunteers who support staff to give people the 1:1 attention they need. These volunteers have a wide range of skills from previous employment and are fantastic at being able to adapt to the participants way of learning and identifying any areas where they need additional support, including reading, writing, confidence building and self-esteem. We invite representatives from other relevant organisations, including the Job Centre and the National Careers Service to bring information and advice to our client group, who would often not access it directly.

The Churn Project is a partner in the highly successful GEM Project (Building Better Opportunities: Going the Extra Mile), a consortium of Gloucestershire organisations funded through the National Lottery to help people furthest from the labour market towards paid work. The Navigator Developer has worked intensively on a regular 1:1 basis with 75 participants; supporting people into employment, training, and volunteering.

'It helped me to get an apprenticeship'

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Churn Project Limited

Report of the Trustees for the Year Ended 31st July 2022

Our offer includes a host of courses and activities to support people into volunteering, employment or build confidence. Courses this year have included:

'The Churn is a great place for Adult Learning and to meet new people and I also build social skills'

3 ENGAGEMENT Main Objectives: - Reduction of isolation

At the Churn, we adopt a 'strengths-based approach', supporting people to look at their strengths and passions whilst identifying goals they wish to achieve. Enabling people to fulfil their potential is integral to the work we do. Rather than fixate on barriers we work with people to see what they want to do and support them to pursue their ambitions. This is the very essence of our work, supporting people to gain life skills, work skills, and confidence.

We have worked with 153 people offering both 1:1 support based on individual identified goals and through group support. The National Lottery Reaching Communities fund most of our Engagement and Wellbeing Support.

'The 121 help I have received has made my life so much more bearable. I can not begin to thank you for all your help and understanding.'

1:1 Mental Health Engagement Work

Our Mental Health Engagement Worker supports people on a 1:1 basis who self-identify as having poor mental health. Some people are referred by other voluntary sector or statutory organisations, whilst others self-refer. We support people to identify their goals and work alongside them to achieve these.

Individual support is a huge help to me. Without this I am unable to leave my flat, I know that once a week I will be able to go out for coffee etc. I am very thankful for the help I receive.

1:1 Engagement Work

We offer practical support and help to people in need. This year we made 117 referrals to the Foodbank and supported clients to access advice from Citizens Advice, P3, Signpost and others. We have successfully obtained funding for individuals in need, including for business start-ups, essential white goods and clothing.

Chat and Connect Group

A new weekly group, offering support to working age adults, who feel lonely or isolated or who wish to connect with others in their community. The group focuses on people coming together to share food, chat and take part in an activity, including reading newspapers, arts and crafts, therapeutic colouring books for adults and playing board games. The staff and volunteers who support the group introduce people to the idea of being part of a group, or encourage them to join a course. 28 people are registered with the group.

'The group improves my mental health and gets me out of the house to socialise'

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Churn Project Limited

Report of the Trustees for the Year Ended 31st July 2022

'It helps my mental health and gives me somewhere to go for help when I am worried'

'It helps with anxiety and gets me out of the house'

Time for You Women's Group

A supportive group for women with a focus on mental wellbeing, learning new skills, being creative and offering peer support. This year we held six sessions on Mental Health and Wellbeing through Adult Education and visited Into Nature in Hailey Woods to learn bush craft and hammock building.

Twenty eight women are registered with Time for You and they have achieved some great outcomes including three women completing a British Sign Language course, women who starting volunteering, others working with an alcohol support group, securing part time employment, completing Maths and English with Cirencester College and signing up for GSCE English. Two women have become GEM participants working towards employment and six have been successful in gaining funding support for white goods and carpets.

'The Churn has been a great support to me and my family and had helped improve my self-esteem so thanks so much to everyone that's helping the group, it's a great opportunity for all of the ladies that go there'

Cirencester Men's Shed

The Churn Men's Shed at Cirencester Scouts Hall, creates space for people to get together and share activities, alongside support and companionship from one another. The 'Shedders' as they are often known, undertake their own projects or make things for the local communities. Our Engagement worker offers 1:1 support and signposting to attendees. The Men's Shed visited Filton Air Museum, and progressed the development of a new shipping container home, kindly funded by The Winstone Charitable Trust. The South Cerney Men's Shed is under development.

Stitch Knit and Natter

13 people attended our weekly craft group for people who would like to try new crafts and socialise.

Volunteering

Volunteering is an essential part of the employment, engagement and wellbeing offer, giving people the opportunity to share their skills, build friendships and support their local communities.

We know that volunteering can be a stepping stone towards employment, and create interesting and varied volunteering roles to build skills and improve confidence to help job hunting. Volunteers lead many of our groups and donate their time and experience to support others, from sharing their practical skills at our allotment project or Men's Shed, to their creative skills with Time for You and Stitch, Knit and Natter to academic skills with reading, writing and learning support.

Case Study

Chris was referred to The Churn Project by Cirencester Signpost, a local charity who support homeless people. He explained that he had a troubled background, which included a period in prison and problems with drugs and homelessness. Chris had been able to turn his life around and was seeking support to help him back into employment. He really wanted to make a bright future for himself by setting up his own business in photon printing which would enable him to design, print, engrave and cut most materials using a laser machine.

He had done his market research looking at business opportunities locally, especially around the events and marketing sectors, spoken to businesses to show what he would be capable of doing for them and received a positive response. He asked for help seeking the money to buy the laser machine and support around starting up a business. We worked alongside Chris to submit funding bids to local charities and thanks to the Gloucestershire Society, Signpost and Cirencester Smiths Poor Charity he was able to achieve his goal. The GEM Project gave him the opportunity to attend training courses and access support on how to set up a business successfully.

At our recent garden party at Daglingworth House, Chris was the guest speaker and spoke to over 100 people to tell his amazing story and how he has been able to start his own business, feel more confident and understand his self-worth.

Our Listening Fortnight evaluation told us that people accessing our Engagement, Employment and Wellbeing Services resulted in:

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Churn Project Limited

Report of the Trustees for the Year Ended 31st July 2022

4 FAMILY SERVICES

Main Objectives

- Improved parenting skills

- A better start in life

The Churn has been delivering Family Services since 2010, and this year worked with 313 parents, supporting them to find social connection and peer support, offering parenting advice and support and aiming to increasing resilience. We offer a range of groups and activities, alongside 1:1 support and have continued to run Freedom programme to support women affected by domestic abuse, alongside Parenting Courses.

The Peter Lang Children's Trust gives generous funding support to our early intervention programme which focuses on the first 1000 days of children's lives.

Ready Steady Baby our antenatal group, concentrates on forging strong family bonds, increasing parenting self-confidence and improving knowledge of an infant's needs and realistic development. 38 parents attended the group, including 20 parents with additional support needs and 6 parents aged under 20 years old. Topics include health & wellbeing, breast feeding and birth, bonding and socialising with baby and we explain the support available including parental mental h ealth.

'helped me feel positive about myself being a mum'

'I attended the antenatal group when pregnant with my youngest daughter, the advice and support to prepare was incredible, the advice from the workers at the Churn does make a difference, they can put things into perspective a lot better than us as parents at times, when we're in the thick midst of family life it can be intense so it is hard at times to think logically and realistically, the workers are able to look in from the outside and have calm and sensible suggestions and help, making decisions and next steps a lot easier and more manageable

New Baby New Life , our group for local parents with a baby under 12 weeks old has changed this year with the introduction of a drop in group, in addition to the topic based group. The topic-based group continues to run a programme of sessions including baby communication, play & activities for babies, teething, introduction to solid food, sleep and first a id, whilst the drop-in group offers informal access and support.

105 parents have attended the drop-in group and 89 the topic based group, and we have offered support and advice with 176 babies.

'I've suffered with post natal depression so it has been really great being able to socialise with other mummies and just having some time dedicated to playing with my baby'

Baby Group is a smaller group for younger or more vulnerable parents. This year we divided the group into a baby group and a mini-toddler group, to offer direct support for the children's development milestones through play and parental discussion. We focus on the appropriate social and emotional development of the child, on supporting the parents to gain in confidence and understanding of their children's needs, it can be a bridge between initial engagement and connecting parents to services which can help them. During the year, 24 parents have attended baby group with 26 babies, and 20 parents have attended mini toddlers with 21 children.

'By communicating with other mums and helps my children boost their confidence by playing and interacting with others and making friends'

'Gives me support and a chance to make new friends and also a great way for the babies to learn to socialise and learn and explore new things'

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Churn Project Limited

Report of the Trustees for the Year Ended 31st July 2022

Families Matter supports families with preschool aged children. We offer parenting support and advice, alongside structured play activities for the children and an enrichment programme. Our Family and Child Support Worker has responsibility for promoting and modelling positive play experiences for children, encouraging parents' engagement and involvement. This year 29 parents have attended our group and we have supported 85 children.

'I get to talk to people, my children get to play with others their age and we all get to get out of the house'

'The team are amazing always there to listen to us mums and give fantastic support and advice too'

Enrichment Programme St James's Place Foundation continues to contribute towards our enrichment programme, aiming to create opportunities for disadvantaged children to help close the gap in attainment. Their funding provides structured play interventions for pre-school children, and enables school-age children of families attending the Churn Project to take part in outings and extra curriculum activities that support their development and confidence. We have also received support from Gloucestershire County Council Holiday Activities and Food Programme (HAF). Family trips this year have included beach trip's to Porthcawl and Weymouth and a visit to 'All Things Wild'. At Christmas we shared over 130 chil dren's gifts which had been kindly donated.

'I wouldn't go elsewhere now, all 3 of my children have been whether that be ante natal classes, baby group, family matters, they've all been to at least one group through their pre school years. They also do some brilliant trips which is really helpful if you're low on money or can't drive'.

1:1 Engagement Support

We understand that being a parent can be a difficult job. We offer practical support and advice to families including support with parenting issues, contact with social care, or accessing help through GDASS or Citizens Advice. Our 1:1 engagement work gives parents a voice and the confidence to seek support. We have supported parents to make grant applications for white goods and furniture, helped to arrange house moves and assisted with applications for schools.

Our Listening Fortnight evaluation told us that people accessing our Family Services resulted in:

FINANCIAL REVIEW

Financial position

Our fundraising strategy to secure longer term grant funding, has allowed us to embed and develop our work giving our fundraising manager time to focus on grant and trust fundraising, and our partnerships officer on community fundraising and local donations. Our 3 year funding from The Henry Smith Charity for our Ageing Well team continues and we were delighted to secure 3 year funding from the National Lottery Community Fund -Reaching Communities South West Region from February 2022 which has enabled us to grow the Engagement, Employment and Wellbeing Team. Our expenditure has continued to increase with contributing factors including the development of a new website, increased staff capacity needed to provide individual client support, and the purchase of a shipping container for the Men's Shed, from funds kindly donated by The Winstone Charitable Trust. Our room hire income has not returned to pre-covid levels.

In 2021/22 our income increased by £26,820 to £393,790. Expenditure increased by £94,203 to £418,909. Funds at 31st July 2022 decreased from the previous year by £25,119 and now stand at £160,540.

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Churn Project Limited

Report of the Trustees for the Year Ended 31st July 2022

FINANCIAL REVIEW

Principal funding sources

Community partnerships and collaborations are essential to our work and we are grateful to our funders (listed below), our professional partners and the input and goodwill we receive from within the community. Thank you - we couldn't do our work without this support.

Funders 2021/22

Trusts/Foundations/Lottery/Statutory

Barchester Charitable Foundation Barnwood Trust Charles Russell Speechlys Foundation Cirencester Temperance Trust Cirencester Town Council Cotswold District Council Cotswold Primrose Trust GEM - Gloucestershire Going the Extra Mile Fund Building Better Opportunities Project Gloucestershire Community Foundation Gloucestershire County Council Glow Community Grants Julia and Hans Rausing Trust National Lottery Community Fund - RC South West Region Office of Police and Crime Commissioner Peter Lang Children's Trust Philip Marner Charity St James's Place Charitable Foundation The Henry Smith Charity The Winstone Charitable Trust Woodroffe Benton Foundation World Jungle

Companies and Community Groups

Art Society Corinium Amazon Smile Barnsley Village Festival Busy Fingers Chedworth Knitting Group CHEQS Charitable Trust Choirinium Choir Coventry Building Society Gardiner Haskins Haynes Hanson & Clark Jessie Smith Lounge Design Mitsubishi Moore Allen Innocent Odin Events Peyton Principles Proposito Financial Planning Raffles Fine Wines Red Onion Catering Savage Selection St James's Place Wealth Management Tanners solicitors Vanessa Arbuthnott Waitrose Community Fund Wenn Townsend

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Churn Project Limited

Report of the Trustees for the Year Ended 31st July 2022

FINANCIAL REVIEW

50+ individual supporters

Reserves policy

The Trustees have set a reserves policy which requires that the reserves be maintained at a level which ensures that The Churn Project's core activities could continue during a period of unforeseen difficulty and that these reserves are maintained in a readily realisable form. The calculation of the required level of reserves is an integral part of The Churn Project's planning, budgeting and forecasting cycle. It takes into account the risks associated with unexpected variations in the stream of income and expenditure given planned activity levels and The Churn Project's future commitments. The Trustees assess the reserves policy on an annual basis. They monitor and discuss levels of readily realisable reserves and The Churn Project's future commitments. The main risks to both income and expenditure plus the requirements for working capital and adequate cash flow are assessed. The trustees use this information to ensure an adequate level of readily realisable reserves is maintained.

In July 2022 the reserves policy was reviewed and based on this risk analysis, a Free Cash Reserve figure of between £51,000 and £102,000 was confirmed as an appropriate and realistic target.

This policy will be updated on an annual basis, at the time of annual accounts being prepared, in accordance with the organisation's current outgoings.

FUTURE PLANS

-Ageing Well

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The charity is controlled by its governing document Memorandum & Articles of Association and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. It was incorporated 11th January 2006 and registered as a charity on 9th June 2008.

Recruitment and appointment of new trustees

The directors of the company are also trustees of the charity. All trustees give their time voluntarily and receive no benefits from the charity; they can, however, recover expenses incurred directly as a result of their role.

The board currently consists of the Chair (appointed from the existing trustees) and six further trustees - there must be at least 3 serving trustees with no maximum limit. Trustees are recruited to ensure a diversity of relevant skills and expertise needed for effective governance of the charity. They are invited to complete a skills audit and attend a meeting as an observer before commitment from either side.

One third of trustees must retire from office at the Annual General Meeting but can be re-elected by remaining trustees.

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Churn Project Limited

Report of the Trustees for the Year Ended 31st July 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

The Churn Project has a board of trustees of at least 3 members, currently comprising 7, which meets every 8 weeks. It is responsible for the strategic direction of the charity and monitoring systems and procedures to ensure good governance. The Chief Executive manages the day-to-day operation of the organisation, leading the staff team to implement strategy and ensuring that they continue to develop their skills and working practices to produce the best outcomes for our clients.

Trustee Induction and Training

On appointment, trustees sign a declaration of eligibility, undertake an enhanced DBS check and sign a code of conduct agreement. They undergo online safeguarding training. They receive a Trustee Information Pack, which includes: - Trustee role and responsibilities outlined

Trustees are also invited to a tour of the building to see The Churn in action and to meet the staff and volunteer team.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Trustees manage and mitigate risks to the charity through reviews of operations and procedures at Trustee Meetings held every 8 weeks. Under constant review: - Finance - ongoing cashflow model and budget control, internal authorisation procedures for management of transactions.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

05672529 (England and Wales)

Registered Charity number

1124422

Registered office

14-16 The Waterloo Cirencester Gloucestershire GL7 2PY

Trustees

S A Alexander D W Bellamy M A Blumsom E Q Darroch (resigned 31/8/2021) R Lynn Chair D G Sutherland R S Towill F R Penny (appointed 26/1/2022)

Company Secretary

R S Towill

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Churn Project Limited

Report of the Trustees for the Year Ended 31st July 2022

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner

JD Frost Accountants Chartered Accountants 7 Links View Cirencester Gloucestershire GL7 2NF Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ R Lynn Chair - Trustee

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Independent Examiner's Report to the Trustees of Churn Project Limited

Independent examiner's report to the trustees of Churn Project Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st July 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and 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 understanding of the accounts to be reached.

J D Frost ICAEW JD Frost Accountants Chartered Accountants 7 Links View Cirencester Gloucestershire GL7 2NF

Date: .............................................

Page 14

Churn Project Limited

Statement of Financial Activities for the Year Ended 31st July 2022

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
73,680
Charitable activities
Family Services
-
Employment & Skills
-
Ageing Well
-
Well Being
-
General
57,000
The National Lottery Community Fund - R/C
South West Region
-
Other trading activities
2
7,119
Total
137,799
EXPENDITURE ON
Charitable activities
Family Services
-
Employment & Skills
-
Ageing Well
-
Hardship Fund
-
Well Being
-
General
155,845
The National Lottery Community Fund - R/C
South West Region
-
Other
-
Total
155,845
NET INCOME/(EXPENDITURE)
(18,046)
Transfers between funds
9
249
Net movement in funds
(17,797)
RECONCILIATION OF FUNDS
Total funds brought forward
87,924
TOTAL FUNDS CARRIED FORWARD
70,127		 Restricted
funds
£
(1)
75,568
23,466
57,633
49,995
-
49,330
-
255,991
84,012
22,900
52,394
1,091
55,311
-
47,356
-
263,064
(7,073)
(249)
(7,322)
97,735
90,413		 2022
Total
funds
£
73,679
75,568
23,466
57,633
49,995
57,000
49,330
7,119
393,790
84,012
22,900
52,394
1,091
55,311
155,845
47,356
-
418,909
(25,119)
-
(25,119)
185,659
160,540		 2021
Total
funds
£
68,883
72,282
20,676
47,537
43,093
101,879
-
12,620
366,970
60,539
20,777
39,020
-
43,086
161,284
-
-
324,706
42,264
-
42,264
143,395
185,659

The notes form part of these financial statements

Page 15

Churn Project Limited

Balance Sheet 31st July 2022

Unrestricted
fund
Notes
£
CURRENT ASSETS
Debtors
6
12,270
Cash at bank and in hand
69,714
81,984
CREDITORS
Amounts falling due within one year
7
(11,857)
NET CURRENT ASSETS
70,127
TOTAL ASSETS LESS CURRENT
LIABILITIES
70,127
NET ASSETS
70,127
FUNDS
9
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
5,839
113,204
119,043
(28,630)
90,413
90,413
90,413		 2022
Total
funds
£
18,109
182,918
201,027
(40,487)
160,540
160,540
160,540
70,127
90,413
160,540		 2021
Total
funds
£
22,561
176,117
198,678
(13,019)
185,659
185,659
185,659
87,924
97,735
185,659

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. R Lynn Chair - Trustee

The notes form part of these financial statements

Page 16

Churn Project Limited

Notes to the Financial Statements for the Year Ended 31st July 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
2022 2021
£ £
Other income 7,119 12,620

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st July 2022 nor for the year ended 31st July 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st July 2022 nor for the year ended 31st July 2021.

Page 17

Churn Project Limited

Notes to the Financial Statements - continued for the Year Ended 31st July 2022

4. STAFF COSTS

The average monthly number of employees during the year was as follows:

Employees
No employees received emoluments in excess of £60,000.
5.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
68,882
Charitable activities
Family Services
-
Employment & Skills
-
Ageing Well
-
Well Being
-
General
101,879
Other trading activities
12,620
Total
183,381
EXPENDITURE ON
Charitable activities
Family Services
-
Employment & Skills
-
Ageing Well
-
Well Being
-
General
160,658
Other
-
Total
160,658
NET INCOME
22,723
Transfers between funds
38
Net movement in funds
22,761
RECONCILIATION OF FUNDS
Total funds brought forward
65,163
TOTAL FUNDS CARRIED FORWARD
87,924		 2022
14
Restricted
funds
£
1
72,282
20,676
47,537
43,093
-
-
183,589
60,539
20,777
39,020
43,086
626
-
164,048
19,541
(38)
19,503
78,232
97,735		 2021
15
Total
funds
£
68,883
72,282
20,676
47,537
43,093
101,879
12,620
366,970
60,539
20,777
39,020
43,086
161,284
-
324,706
42,264
-
42,264
143,395
185,659

Page 18

Churn Project Limited

Notes to the Financial Statements - continued for the Year Ended 31st July 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Other debtors
Prepayments and accrued income
Prepayments		 2022
£
7,631
5,625
3,062
1,791
18,109		 2021
£
10,350
5,625
4,259
2,327
22,561

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 8)
Trade creditors
Social security and other taxes
Pension Fund
Accrued expenses		 2022
£
2,223
29,309
4,276
1,007
3,672
40,487		 2021
£
2,436
4,074
3,286
1,023
2,200
13,019

8. LOANS

An analysis of the maturity of loans is given below:

2022 2021
£ £
Amounts falling due within one year on demand:
Bank overdrafts 2,223 2,436

9. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Employment &Skills
Family Services
Ageing Well
Older People Services
Hardship Fund
Well Being
The National Lottery Community Fund -
R/C South West Region
TOTAL FUNDS		 At 1/8/21
£
87,924
3,011
33,098
28,541
590
1,313
21,744
9,438
97,735
185,659		 Net
movement
in funds
£
(18,046)
565
(8,444)
5,239
-
(1,091)
(5,316)
1,974
(7,073)
(25,119)		 Transfers
between
funds
£
249
(249)
-
-
-
-
-
-
(249)
-		 At
31/7/22
£
70,127
3,327
24,654
33,780
590
222
16,428
11,412
90,413
160,540

Page 19

Churn Project Limited

Notes to the Financial Statements - continued for the Year Ended 31st July 2022

9. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
Employment &Skills
Family Services
Ageing Well
Hardship Fund
Well Being
The National Lottery Community Fund -
R/C South West Region
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Employment &Skills
Family Services
Ageing Well
Older People Services
Hardship Fund
Well Being
TOTAL FUNDS		 At 1/8/20
£
65,163
2,400
22,104
20,024
590
1,939
31,175
78,232
143,395		 Incoming
resources
£
137,799
23,465
75,568
57,633
-
49,995
49,330
255,991
393,790
Net
movement
in funds
£
22,723
(101)
11,744
8,517
-
(626)
7
19,541
42,264		 Resources
Movement
expended
in funds
£
£
(155,845)
(18,046)
(22,900)
565
(84,012)
(8,444)
(52,394)
5,239
(1,091)
(1,091)
(55,311)
(5,316)
(47,356)
1,974
(263,064)
(7,073)
(418,909)
(25,119)
Transfers
between
At
funds
31/7/21
£
£
38
87,924
712
3,011
(750)
33,098
-
28,541
-
590
-
1,313
-
31,182
(38)
97,735
-
185,659

Page 20

Churn Project Limited

Notes to the Financial Statements - continued for the Year Ended 31st July 2022

9. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Employment &Skills
Family Services
Ageing Well
Hardship Fund
Well Being
TOTAL FUNDS		 Incoming
resources
£
183,381
20,676
72,283
47,537
-
43,093
183,589
366,970		 Resources
Movement
expended
in funds
£
£
(160,658)
22,723
(20,777)
(101)
(60,539)
11,744
(39,020)
8,517
(626)
(626)
(43,086)
7
(164,048)
19,541
(324,706)
42,264		 Resources
Movement
expended
in funds
£
£
(160,658)
22,723
(20,777)
(101)
(60,539)
11,744
(39,020)
8,517
(626)
(626)
(43,086)
7
(164,048)
19,541
(324,706)
42,264
19,541
42,264

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Employment &Skills
Family Services
Ageing Well
Older People Services
Hardship Fund
Well Being
The National Lottery Community Fund -
R/C South West Region
TOTAL FUNDS		 At 1/8/20
£
65,163
2,400
22,104
20,024
590
1,939
31,175
-
78,232
143,395		 Net
movement
in funds
£
4,677
464
3,300
13,756
-
(1,717)
(5,309)
1,974
12,468
17,145		 Transfers
between
funds
£
287
463
(750)
-
-
-
-
-
(287)
-		 At
31/7/22
£
70,127
3,327
24,654
33,780
590
222
25,866
1,974
90,413
160,540

Page 21

Churn Project Limited

Notes to the Financial Statements - continued for the Year Ended 31st July 2022

9. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Employment &Skills
Family Services
Ageing Well
Hardship Fund
Well Being
The National Lottery Community Fund -
R/C South West Region
TOTAL FUNDS		 Incoming
resources
£
321,180
44,141
147,851
105,170
-
93,088
49,330
439,580
760,760		 Resources
Movement
expended
in funds
£
£
(316,503)
4,677
(43,677)
464
(144,551)
3,300
(91,414)
13,756
(1,717)
(1,717)
(98,397)
(5,309)
(47,356)
1,974
(427,112)
12,468
(743,615)
17,145

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st July 2022.

Page 22

Churn Project Limited

Detailed Statement of Financial Activities for the Year Ended 31st July 2022

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Other income
Charitable activities
Grants
Total incoming resources
EXPENDITURE
Charitable activities
Employment & Skills
Family Services
Ageing Well
Hardship Fund
Well Being
Lottery
Support costs
Finance
Bank charges
Other
Wages
Social security
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Rent
Travel
Newsletter costs
Computer costs
Office equipment
Premises expenses
Training, coaching & mentoring
Covid shopping
Employee benefits
Carried forward		 2022
£
73,679
7,119
312,992
393,790
22,900
84,012
52,394
1,091
55,311
47,356
263,064
352
231,434
11,913
9,414
252
2,157
1,863
1,789
1,243
1,265
25,500
171
2,754
10,831
939
7,850
45
3,822
204
313,446		 2021
£
68,883
12,620
285,467
366,970
20,777
60,539
39,020
626
43,086
-
164,048
225
208,240
12,927
5,177
161
2,060
1,768
1,543
1,452
1,267
25,042
49
2,335
15,296
847
8,472
485
13,860
-
300,981

This page does not form part of the statutory financial statements

Page 23

Churn Project Limited

Detailed Statement of Financial Activities for the Year Ended 31st July 2022

Other
Brought forward
Outings
Other 2
Wages allocated to restricted
Social security allocated to r estricted
Pensions allocated to restrict ed
Advertising
Governance costs
Accountancy fees
Professional fees
Total resources expended
Net (expenditure)/income		 2022
£
313,446
1,147
314,593
(163,349)
(11,913)
(3,653)
4,958
(173,957)
800
14,057
14,857
418,909
(25,119)		 2021
£
300,981
-
300,981
(131,527)
(8,814)
(3,368)
2,010
(141,699)
800
351
1,151
324,706
42,264

This page does not form part of the statutory financial statements

Page 24