REGisfERCD COMPANY NUMBER: 05672529 (England and Wales)
REGJSTEBED CHARrfY NUMBER: 1124422
Report of the Trustees
UnAlldtted Flnanelil Statements for the Year Ended 31st July 2024
for
Churn Project Llmlted
JD Frost Accountants
Chartered Ac¢ounlanls
7 Link8 View
Cirenc&%ter
Glouoester8bire
GL7 2NF

Churn Pro1￿t Llmlted
Contents of the Fln&nclal Statements
foy the Yegr Ended 31gt July 2024
PRge
Report of the Trustees
I to 7
Independent XAmin¢vl$ R¢port
ststement of Flnanclal ActlvltleB
BalRnee Sheet
10
Notes to the Flnanclal St&tements
11 to 16
Detalknl SthtemeDt of Ffnallcial Actlvltie8
17 to 18

Churn Project Llmltod
Report of the Trustee8
foi. the Year Ei nded 318t July 2024
The trLiStees who are al80 direolors of the Qbarity for the PUTPOSCS of the Companies Act 2006, prgsellt th¢ir report with
the finanei&l statements of the ¢harity for th¢ year ended 31st July 2024, The tntstees have adopted the provision8 of
Accounting and Reporting. by Chariti&q". Ststement of R¢¢ommended Praolice applieabl¢ to ¢haiiti¢s preparing their
a¢counts in accordance with the Fillancial Re￿rti￿ Standard appli¢able in th¢ UK and Republic of IreiAnd (FRS 102)
(¢££￿11ve l January 2019},
REPORT FROM THE CHAIR OF TRUSTELS
What a year iv8 been for The Churn Project! We're delighted by the progress weWe made, particularty in expanding
Se￿1¢eS to better support our community's wellbeing. By list￿lItig to those who rely on our sErvices. we*¢ been able to
provide rn0￿ t￿￿￿ed and impac￿] Support for people facing mental bealdi ¢hallenge8, parenting concerns, and
p¢rsonal QLises.
This year, we've supported 1550 people in totsl. 0£ t&ese 334 re¢¢ived individual 8UPPOrt, 99 people a¢ce8sed our
employabilily s￿ViC￿, 69 parents ￿eIved famiiy-focu8ed support tljmugh our new programm¢ in primary schools and
119 older twle enjoyed our social trips and activities, AcrosB all 8roups there was a total of 1411 memberships. These
nutnbers highlight the growth in capacity and outreacl¥ hllowing u8 to n￿et a wider range of needs &cro8S tbe
con]tllunity.
Volvntews continuo to b¢ at tho heart of our SU￿5. Wdve strengthened our volunteer programme, elloouraging
c¢>production and involvttig service users in leading ￿'0i￿8. It's be¢n Tewarding tr) see fornier participatits be￿¢
volunteer8, fi7rther embedding the Cottnnunity spirit that drive8 U&
tn ￿pOnse to the increasing rost of Jiving, we've provided practical 8UPPOrt like warm packs, energy advice, and frozen
ea18. Our partnerships with local organi8otions have enSU￿d people in need can acce&8 essential benefits l￿d support
to all¢vAat¢ fill￿¢tal hardship.
We are forthnats to have a dedicated t¢a￿ of 17 en]ployees (equating to aroutKI 12 FTE) and 114 regular voluntee]3
with a ￿rther 200 suppfflting one off ev¢llts whose experiellce and conllnithi¢nt drive our succe&8. Tbcir hard WOLk is
refiected in everything we do, including hosting 8uccess￿l fiindraisitig &V￿ts to wticipating in conUn￿1ty actlvlties,
n￿Ing meaningftd ¢ontrAbutions that strengthen our impact. We take great pride irL delivering excellent qi￿lIty Services
with limited ￿SOUrceS.
Thank you to everyone involved for your cotnmitment. Here's to another year of making a differell￿.
Page I

Churn Project Limited
Report of the Trustees
for the Year Ended 31st July 2024
OBJECTIVES AND ACTivrriEs
Objecdves and alms
Founded in 2001, The Chum Proje¢t is & ￿n￿￿Ullity cligrity based in Cirence8ter, dedicated to redu¢ing isolatioii and
enhanctng the wellbetng of local resid￿ts, The chaTity oper&te8 right at the h¢art of the cotnmunity &nd is often th¢ only
ptace people feel they aan tum to for supporL The Chum Proj¢ct provides a warm and w¢lcDming enviroiitnellt where
individuals can openly di$￿$S their concerns aiid receive much-needed a&8i8tance. What setg th¢ Chum Project apart is
its comprehensive siipport acn)ss the lifespan, from pkgnancy to old age, through our three services: Family,
Community Wellbeing, and Ageing Well. With a focus on building comtnunity connections, we ensure that everyone
f¢el8 valued aud supported, helping to connect individuals with otherrelevant organisations when needed,
Objectlves and Purpose
The Churn Project's objectives, as outlined in ils meh￿randU￿ & Artioles of Asso¢iation, ￿e as follows:
Relief of financial hardship
- R¢li¢f of unemployment
- Cr¢atiug training ￿ employment oppothmitie8
- Providing aG¢ivits¢s and services for old¢r individuals and those f￿illg Cb&llellg￿ the to financial hardship or social
and ecollomic clrcumstances
- Promotion of good health
Our ainL8 are to improv¢ wellbeing and reduce isolation, particularly for those experiencing loneliness or fllcing
¢hall¢ngcs dLuing traositions in tb¢ir live4 Such a8 r￿lancial hardship or mental health difficulti￿, Our mission is to
address inequaliti¢s that contribute to social isolation ond eGonomir diffxGultie8 by off¢ring Be￿iCes tbat promot¢
purpose, belonging, al￿ Ilope. We are ¢ommitted to ensuring that all residents feel included and valued in th¢ir
commuttity, SUPPOrted in achieving their potetstial, and able to access opportt]niti¢s for personal attd profession
growth,
Vi8lOiI
Our vision is that every individual 8hould f¢el in¢ludeil involvel aud invested in Ih¢ii' conllnimity. We strAV¢ to Change
lives by r￿lUcin8 and preventing isolation, promoting wellbein& creating opporttmities to learn and a¢hi¢ve, supporting
individU￿S through crises, and pmviding early help and interventions. By encouraging personal responsibility and
levaaging the best resources through tknUght￿I procuremcttt and positive partneTship8, we work towards a ￿tUre where
all members of the Cirencester conmiunity Can thrive and contrtbute Meaning￿lly.
EDsurlDg our work de]iYen ollr Aims.
To eusure we deliver our aims eff¢¢tiv¢ly, we follow a gtntctUTed approach thf4t include5 regul￿ reviews, evaluations
and aliwient with our stated objectives. Here's how we manag¢ bhsed on our cunynt prn¢ti¢es',
Regular revlew process..
- We conduct an annual strate8Éc revtew with tsustw and staff to ensire our &im8, objecti￿. and activities align witb
our tnission. This review As infornied by service user feedbacL evaluations, and emerging needs in the commut)ity.
Evaluation of imp8Ct:
- We uye the Ages Stages Development evalufllion iii our early intsrveiition family work to monitor and support the
developmentsl progre&% of children.
- W¢ have adopted the Outcom¢ Star tool in the family servic4 which helps us meusiwe changes and track progra￿ in
sttu¢turpAI, visual way.
- Karitane parentittg confidence scale is used to measure parental wellbeing* providing important iusigh18 into how -our
support meets their needs.
Th¢ NHS Dialog s¢ale measures mental health attd wellbeing for ￿llIts rec¢ivillg individual support and Ih05e
participatiiig io pmgrammes, allowing us to assess improvements in overall wellbeing
*We have developed our own feedback fornis for participants in prograDunes 2nd groups, which enable us to capture
specific outcomes and make adjustments based on their feedback.
Pag¢ 2

Churn Project I,Imited
Report of the Triistees
for tbe Year Ended 31st July 2024
OBJECTIVES AND ACTIVITIES
Trustee oversight & publlc benefit
- Our trustees refer to the Charity Con)mi&8ion's guidallce on public benefit when planning and reviewing our work. This
ensures that everything we do d¢livets ineallin8ful benefIts to the public. We regularly review publio benefit in board
meeting4 especially when planning new PiDjects or revA¢wing ongoing ono5.
ACHIEVEI MENT AND PERFORMANCE
Charitable a¢tivities
Service
Servlee Users
Ageitig Well Service
Comtllunity Wellbeing S¢rvic¢
Family Service
375
435
378 adults
362 children
314
93
Volunteers
Collaborative Setvice Delivery Groups
Totsl
1954
Servl¢e Dellvery Summ*ry
Communlty Wellbelng Servlco
The Community W¢lIbeing Service provides comprehensive support for adults, encouraglng social engagernont and
redu¢illg isolation tbrough & rang¢ of social groups and con)munity project& It offers tailoftd wellwng and mentsl
health support, crisis assistaii¢¢. and employability programmes that help individuals acc&ss education and trattiing,
particularly those who 8truggle to cng&g¢ with maillStre&m resources. The service a180 includes volunt¢¢r-led initiatives,
such as wellbeing walks, which pmmote Gonllnunity ConD￿￿Oll and imwove overall wellbeing.
Family Service
Tkne Famity ServA¢e suppnts £￿IlieS through various activities and pro8ramn*s desi8ned to enballC¢ parenting Skills,
promote connectiolls, and provide essential ￿SourCes. The seNice offers guidance for pareuty including all￿￿tal aad
posinatal supporl as well as assistance for those experiencing domutic abuse or facing complex issues. It also ain)s to
8UPPOrt child development by providing a¢tivities that ellcourage leaming with. By creating a safe and welcoming
¢nvironment, the Fati]ily S¢rvice bullds ¢onuniTnity connectio￿8 and Provides tailored support duting times of crÉsi8,
empowering families lo navigate ¢hali¢nges and improve tbcir overall well-being.
Agelng Ivell Se￿[
The Ageing Well service provides 8UPPOrt to iniprove the he&lth and woll-being of oldex adults. parti￿larlY those
exp¢ri¢llcing lotL¢lineys and isolation. Recognising the unique ¢hAll¢nges f4ced by older people, the service offers
tsiloRd support to adthyss tbeir specifLC needs, including tbos¢ living with dementia. Through various activities and
programmes, the servi¢¢ eacourages social connections and promote8 ¢ollllnunity involvement. It also includes a
dedicated Car¢rs Hub, provtding essential re3our¢¢s and support for individuals c8ring for others.
iidditionaIly, the servtce offer8 beI¢ovement support and a befriending scljeme dimed at individuals who may struggle to
le￿¢ their homes. By focusing oo building rcsilien¢¢ and pron￿tillg independence, the Ageing Well service en8ures that
older adul¢8 can access the support they need to n￿intaIn their health, well-being, and a sense of belonging within the
conlliiiintty.
Page 3

Churn Project Llndted
Report of the Truste
for the Year Ended 31stJuty 2024
FINANCIAL REVIEW
Finan¢iMI position
The past year has bethi one of adaptation and grolrth for Tbe Chum Project, shaped by the changing poIiticdl landscape
and the challenges facing the voluntary sector. In all increasingly competitive fill)ding enviiorLntrnl and wit& ri8ing
comtnunity needs, we've W0￿ed liard to maintain tNst in our servi￿S and keep them relevant. A5 w¢ continue to
develop> we've also n]ade significant investments in strengthening our int¢mal infrastrncttwe to eowre we can tt￿et the
8rowing demand.
In 2023124. our incotlle was £461,739, a de¢r¢&8¢ of £21,078. Bxpenditure increased by £65,267, bringing the totsl to
£494,745. As of 31st July 2024, our funds stand at £180,873, & decrease of £33,006 oompared to the previous year.
A key area of invthent has been improving our HR &upport by outsour¢ing lo a recD8nised consultancy, which ha8
provided professional guidance for our team, We've &lso increased staff hours, with most of our team now working 30
I￿Ur8 or more- a bett¢r Kflection of their worldDad and the CUTrent c&p&city required to deliver ourservices.
To support our growth, we restsucturcd our team, creating new roles such a8 the Volwiteer and Communl¢ations
Coordinator, and expanded the FÈnance Manager role to include operation4 refl￿ting the inGreasing ¢oJnplexity of ow
¢ore services and administration. With the CBO now £ull-tim4 we've be¢ll able to foous more on 8trategio development,
ensuring our service5 remaÉti susthinable and impactful.
We arg also in the seGOtKI year of our ESHO proje¢L fvnded IlLrough the UK Sha￿d Prosperity Fund, We have also been
able to pilot family siipport work with ftmding from Cotswold Di8tiict Council. Both have had a huge impact on our
ability to deltver 5ervice8 and expand our servic￿.
Sustaining Our SerYice$ Througb Multi-Y¢ar Grant
Searitig nllthi-year grants has been crucial in sustaining out services attd demonstrates the faith our funders have in our
work W¢ are grateful for the strong relatiotthips we've built with fimders sucb as the Peter Lang Tn￿( the National
Lottery, Henry Srnith Charity, and Barnwood Th￿t, All of whon] provide vital support for our servi￿S.
We are also fortL￿atr to r¢¢eive regular f￿￿￿la1 support from various *￿St8 4￿j orgatjisatioos, ittcluding the Primrose
Trnsk St, Jam￿,8 Place Fourndalion, National B¢n¢voient Charity. Garft¢ld WeslDll Foundation, Sumtnerfield TN8t,
Gloucest¢rshir¢ Cotnmunity Fouttdation, WinBtone Thist, al￿ the Integratsd Care Board (NHS). Their ongoillg gr￿ts,
along with one-off fill￿1Thg, are crucial to sustaittittg our work and ellabling us to meet the needs of our ¢ommuuity, We
are ¢qually gratethl for the contributions from Ctrencester Di8trict Council, Cirences¢6r Town Couocll, and ttumerous
smaller Eraots donation4 and invaluable support from Iwal busillesses individuals, all of which have Jwie a
sigllificant impact on our ability to deiiveT ￿entIal services,
Rese￿eS PDliey
The t￿￿te¢S have ￿tablIshed a r¢8erve8 policy to ensure that Th6 Churn Project can maintain core activities during
unfore8e¢n difficulties. This policy requires ￿SerVeS to be held kn a readily realisable form. The necessary r&serve levels
¢al¢ulat¢d as part of the plat￿Ellg, budgeting, and forecasting cycle, taking into accolmt potential income and
exponditure variations related to plallrted activities and ￿tUre Col￿n1{Ments, The tNst¢&8 review the reserves policy
anttually, monitorillg readily realisable reserves, ass&ssing risks to in￿rne and expenditure, and evaluating working
capital and cash flow lleeos to nuintain adequate reserves.
Our thrge¢ reserv￿ for thg year were between £47k £93k. This is based on a rninimutn of redundancy costs for all
staff and a paid notice period for all core staff with tILe maximum being these costs plus 3 months running costs
including of I serYi¢e, Our ￿tUal unrestri¢ted ￿S¢rveS w¢re £96k 80 £3k above the maximLUll.
Page 4

Churn Project Limitsd
Report of tlie Trustees
for the Year Ei nded 31st July 2024
FtrruRE PLAIYS
We r¢rognise that our plaus musl adapt to changing circumstanoes and ongoing asseBsments, However, based on tbe
infonnation we have ￿thered from 8ervicB U5er8 andpthers, these priorities will be our focus for the upcorning year.
Expand volunteer provision to In￿'ease capa¢ity, with a strong focus on lived experience to pi'ovide meaning￿]
engagemellt opportunities. develop skills and confidence, and allow individua]s to progr￿8 in their journeys.
Continue to develop tt￿lltal health support by securing fiuther fiwding for the Wellness Progrll￿e. iiitrodu¢ing
additional weeks, and linking with follow4in conynunity Social grovps with a well-being emphasis.
Widell the scope of social and engagement groups by listenlllg to service [￿eTS wid expanding lo evening 5e88ions,
IiDking wilh partners to offer more resDurc¢s a¢¢essible in our building.
- Increase 8UPPOrt for young people's wetl-being groups, includitig One-t￿olle siipport and advice on employmellt and
training assist&n¢e.
It]crea8e engagetnent capacity at tbe Coinmulllty Shed to eithance pailicipation and work with phrttters on
developmenL
Further develop family support in parinership with schools, including whole ftunily activities and parenting
programme8,
- Enhance mental health support for parents through lllths with th¢ perinatal team and other partners,
- Focus on individual Sup￿1* for old¢r peopl¢, reevaluatillg tlLe befriending scheme to better address mi)Te complex
needs.
- Develop smaller c￿tiVe well-being group8 for older people to encourage ¢onnection ￿]d engagement.
- FoGu8 on physical health and nuttition through our service delivery
- cOntill￿ focus on our fimdraisAng strategy lo diversify and secure fimding Sources for futLwe projects.
- Dev¢lop a ¢onununical'ion strategy to itnprove our outreach and engagement with the con)rnunity and stakeholders.
- Collaborata with parther orgattisatiolls to strengthen the districvs voluntary sector and enhallce so￿1Ge provision.
- Continue to improve our evaluations, impact a8$￿sments, and d&ta r¢porting by fi￿ther developing lh¢ use of our CRM
and mODitoiytigtools.
- Develop a longer-terjn strategy to rneet growing demand and capacity, with a focus on sustainability and fmancial
s¢¢wity.
- Str¢ngthell adn]ini8trdtLOn 8UPPOrt, to enhance effEci¢n¢y, enablills our core tearn to effectively manage growing service
demattdB and sUPPOrt organisatiollal (lev¢lopment.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng doeumeut
The charity 18 controlled by its goveming th)ounL¢nL a deed of ￿$t, and collstitute8 a limited cotnpally, limited by
su￿￿ntee. as defilled by the Companies Act 2(M)6.
The charity is controlled by its governing d(￿￿t Memffl'andum & Articles of A5so¢iation and constitste& a litnited
company, li￿lted by guw'alltee, as defllied by the Companies Act 2006. It was incorpornted I lth janll￿y 2006 and
registered as a charity on 9th June 2008.
RecruAtm¢nt and appojntment ofnew trusteej
The directors of the company also serve as truste￿. all of whom volunteer their Éime and can r¢￿Ver expens￿ incurred
due to their roles. The board currently ¢Ollsists of a Chair and eight additional I￿SteeS, with a minimum of three serving
Stees and no maxinmun limit. Tll￿te￿ are recrnited for their diverse skills and expertise, invited to complete a skills
audi¢ and encouraged to observe a meettng befor¢ joiniug,
One thi￿ of ttuste&8 must retire at the Allnual Genernl Meeting but be re*l¢¢ted.
OrgAnisatlonal strueture
The Chum PrOj￿t h88 a board of tN6tees comprising at l¢&st three members, currently nine, vthich meets every eight
weeks, The board is respollsible for the charitys strategi¢ dirKtion and monitoring goveman¢e systems. The Chief
Executive oifi¢er manage8 day-to-day operations, leadÈng the staff lo implement thategy and Cllhance skills for optimal
client outcome8.
Page 5

Churn Project Limlted
Report of the Trustees
for the Year Ellded 31st July 2024
STRUCTURE, GOVEI IiNANCE AND MANAGEL¥qEI NT
Trustee Illduetlon ind Training
Upon appoilltment, trnstees complete a declaration of eligibility, undergo an enhanced DBS ch¢cl and stgn a cod¢ of
conduct &￿'eeMent. They alBO undertake online safeguarding training And receive a T￿￿te¢ Inforn￿lion Pack containing..
- An outline of ttwtee roles re8ponsibilities
- Key documents, including the Memorandum &nd Artiol¢s, ¢urr¢ut policies, and th¢ Busilless Plan
- Financial infomlatio￿ including the latest published accounts
- A copy of the Charity Commission's Esselltial Trust¢¢ guide
Trustees are invited tr) tour the premises, meet staff volunteerg, aud attend te￿ll nwLingB.
Rtsk management
This¢¢e5 dre responsiblc for identifying and r¢viewing risk5 to the charity, eliB￿rIng &ppropriate Controls in plac¢ to
mitigate fi'aud and eiyor. They n￿￿ge risks through regular operational reviews at bi-monthly meetings, focusing o
- Finan¢e: Ongoing cash flow management, budget control, and interna] aulhorisation procedures.
- Health S8f¢ty: Con]plianc¢ is discussed at every meeting, ensuring safe practices al¢ upheld,
External RIBk.. Strategic planning addr￿Se5 fundillg and s¢Tvi¢e diver8ificatioll, aligned with wider county and
nation￿ strategi es.
Safeguarding: Safgsuarding policies and procedures are regularly reviewed to protect vulnerable individuals alld
ensure Gonwli&n¢e with relevantlogislotio
REFERENCIC AND ADMINisfRATJVE D￿1 TAILS
Registered Coinpany number
05672529 (England wl Wales)
Reglgtered Charity number
1124422
Re£istertd offlce
1&16 The Waterloo
cl￿ncester
Gloucestershire
GL7 2PY
Tnistse8
S A Alexander
D W BelIamy
M A Blumsom
W C Cobb¢tt
C GroombLidge
R Lynn Chair
F R Penny
D G Sutherland
R S Towill
Company Secretary
R S Towill
ndependent Examlner
JD Frost Accountants
Chartered A￿OuntantS
7 Lttiks View
Cirellcester
GlouC&8te￿h1[C
GL7 2NF
Page 6

Churn Project Llmlted
Report of the Trustees
foy the Year Ended 31st July 2024
1.3, 1.1.) l o¥,.,...
Approved by oi'det of the board of tru8tee8 On,..,.
alld signed on its b¢half by.
R Lynn Chair - Trus
Page 7

Indep¢ndent Examiner's Report to the Trustees of
Churn ProJ¢et Llmlted
Ddependent examlner's report to the trustees of Churn Project Limited ('the Compvdlly,)
I report to Ilie charity trustees on my examination of the &ccounts of the Company for tlie year ended 31st July 2024.
Responsibllities and basis of r¢port
As the charity's trnstees of the Company (and also its directors for the purposes of company law) you r¢5ponsible for
the preparatithi of the accouDts in accordance with th¢ requllem¢nts of th¢ Cotnpallies Aot 2006 ('tkn¢ 2006 A¢t').
Having satisfied myself that the accounts of the Company ate not required to be audited under Part 16 of the 2006 Act
and ar¢ ¢ligible for in&pelld¢nt ¢xarninalion, I report in respect of my examination of your Ch￿Ity'S accounts as carried
out under Section 145 of thg Charities Act 2011 Clhe 2011 Act,). In carrying ou¢ my examination I have followed the
Directioos given by the Cjwity Commis&ion und¢r Section 145(5) (b) of the 2011 ACL
Independent examlner's statem¥nt
Since your oharity's income exceeded £250,000 your examiner must be a member of a list¢d body. I can ly)nf￿n
that I am qualified lo undertake the ex&min&tion because I am a member of the Instithle of Chartered Accountants in
England and Wales, which is one of the listed bodi¢s.
I h&ve completed my examination. I cottfirni that no n￿tter3 h&ve come to my attention in cona¢ction with the
exati]inalion giving me cause to believ¢.'
accounting r¢oords were not kept in regpeeÉ of the Company as required by Section 386 of the 2006 Act or
the account8 do not ac¢ord with those re¢ords' or
the accountB do not comply with the accounting requirements of Section 396 of the 2006 Art oth¢r than any
requirement that the accounts give a (w¢ and fail. VI￿ which is twt a matter ¢onsidered as part of an independent
eX￿t]InatIOn. or
the accounts have not been prepared in accord&llce with tbe methods and. principles of the Statenient of
Recommeuded Prnctice for accounting and reporting by charities (applicable to charities preparing their a￿O￿nts
ill aGoonfanc¢ with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102)).
I have no conc¢ms and have come across no otEM m&tler8 ill conne¢lion with the examination to whi¢b Attention should
be drawn in thi8 report in order to enable aproperunderstanding of the accounts to be reach￿.
J D Frost
JD Frost Accoulltallts
Chartered Accowttauts
7 Links View
Cirencester
Gloueestershire
GL7 2NF
Date: ..
Page 8

Churn Projeet Limited
Statement of fiJnancl&l Actiiutie$
for the Year Ended 31st July2024
2024
Total
funds
2023
TotA]
funds
Unre5trlcted
fund
Restrlcted
runds
Notes
INCOME AND ENDOWMENTS FROhl
Donations and legacies
21,954
21,955
18,801
ChgrJt8ble actlvltie&
Family Seryioes
Employment & Ski118
Ag¢ing Well
W¢ll Being
General
86,749
86,749
100,803
7,059
59,765
132,630
159,103
23,31)0
135,346
23,300
135,346
170,028
170,028
Other trading &etivities
luvcstmcnl income
19,438
4,923
19,438
4,923
4,656
Total
216,343
245,396
461,739
482,817
EXPENDITURE ON
Charltable a¢tivitie$
Family Services
Employment & Skills
Ageing Well
Older Peoplo SeTvi¢es
Hardship Fund
Well Being
General
87,816
87,816
85276
10,784
53,439
124
220
113,584
166,051
52.433
52,433
148,284
148,284
198,742
198,742
7,470
7,470
TotRi
206,212
288.533
494,745
429,478
LYET INcOL1￿1{￿XP￿ND[ruR￿>
10,131
(43,137)
{33,006)
53,339
RECONCILIATION OF FUNDS
Total ftind8 brought fonvwl
86,237
127,642
213,879
160,540
TOTAL FUNDS CAtUUED FORWARD
96,368
84,505
180,873
213,879
The notes fomi pArt of these financial staten)enls
Page 9

Churn Project Umited
Bilanee Slieet
31st July 2024
2024
Total
fund5
2023
Total
funds
Unrestrlcted
rund
Restricted
funds
Notes
CURRENT ASSETS
Debtors
h a¢ bank ￿]d In haThd
7,879
97,108
500
85,577
8,379
182,685
10,538
215,132
104,987
86,077
[91,064
225,670
CREDITORS
Amounts falling due within one year
{8,619)
(1,572)
(10,191)
(11,791)
NET CURRENT ASSETS
96,368
84,505
180,873
213,879
TOTAL ASSETS LESS CURREIYT
96,368
84,505
180,873
213,879
NET ASSKTS
96,368
84,505
180,873
213,879
FUNDS
Unreslrictsl fimd8
Restricted funds
96,368
84,505
86237
127,642
TOTAL fi UNDS
180,873
213,879
The charitable company is entitled lo exemption from audit under Section 477 of the Compames Act 2006 for ibe year
ended 31st July 2024.
The mcmbcts have nol required the ¢OmPally to obtaEn an audÉt of its fu￿￿la1 ststemenls for the year et￿ed
3 1st July 2024 in ￿￿ord￿ne¢ with Section 476 of the Companies Act 2006.
Thg ttustees acknowledge their respongibilities for
(a)
ensuring that the charitable company keeps accounting records tilat comply with Sertions 386 and 387 of the
Companies Act 2006
prepaLing financial statements which give u trne and fair view of the stale of aff&irn of the charitable company
at the end of each financial ye&r and of its surplus or deficit for ea¢h finanoial year in accordance with the
requirements of Se£tions 394 and 395 and which oth¢nvise comply with the requirements of the Companie8 ACÉ
2006 relating to f￿all¢l&L statements, 80 far 88 applicable to the cknritable company.
(b)
These fillallcial statements have been prepared in a¢¢ordance with the provisions applicable to charitable compftDies
siibjeGt to the small compat]ies regim¢,
The finaiicial st&tements were approved by the Board of Trustees gnd auihorised for tS8ue on
. and were signed on its behalf by,.
n￿ts¢
The llOt¢s form part of Ili¢se financial statements
Page 10

Churn Projcct Limited
Notes to the Financlal Statements
for the Yoar Ended 31st July 2024
ACCOUNTING POLICIES
BASIS of preparlng the tlllallel￿1 ststements
The fin4n¢ial statenTrnts of the charitable GomFdny, which is a public benefit ¢ntity under FRS 102, have be¢ll
prepared in a¢Gord&nce with tbe Charities SORP (FRS 102) 'Accounting and RepDrtirng by CharitieB.' Statement
of Reconjmended Praetice Rpplicable lo ¢hariti¢s preparing their accounts in a¢oordart¢e with the Fin&n¢ial
RepoitinE Stsndard applicable ill the UK and Republic of Ir¢land (FRS 102) (¢ff¢cÈiv¢ l Janu8ry 2019),,
Financial Reportin8 Stslldard 102 The Financial Reporting Standard applicable in the UK and Republic of
Irel￿d, and the Companie8 Act 2006. The financial statsm¢nt$ have been prepared under tbe bistorical cost
oonvention.
Income
All income is recognised in the Stat¢ment of FillRncial Activiti&q once the chtirtty has entitlcrAent to the fitnds. it
is probable tbat the in(YJm¢ will be Eyceived and the amount Can be rneasured reliably.
E4)ellditure
Liabilities are reCo￿lS¢a as expenditu￿ as soon as th¢re is a legal or constructive obligation committing tlie
charity tt> that expenditure, it is probable that a transfer of economic benefIts will bo required in 8ettlement and
th¢ amout]t of the obligation can be n￿aSured reliably. Expenditure is accounted for Oll au accruals basis and has
been ¢tsSsIf￿d undEr headings that aggregate all Cost related to the category. Wt]cre costs cannot be directly
attrAbuted to particular headuw they have been allo¢ated to activitie8 on a basis consistent with Ihc of
reSou￿e8.
Taxation
The ¢harity is exempt from corporotion tsx on its charitsbLe activities.
Fund accounting
Unrwtrict¢d funds call be used in Accordance with th¢ Charitable objectives at the th'scretion of the trust￿8.
Restrictsd funds catt only be used for particular restricted purposes within th¢ objects of th¢ Charity. Re8trictions
arisewhen 8pecifJed by the donor or when fimds ar¢ ratsed for p&rticular restrict£d pu4￿se8.
Furth￿. explauation of the naturn and puq)ose of each fimd is inoluded iti th¢ notes to the f]nancial slatemellts,
Pellslon costs alld olher post-retlrement benefits
The ch￿Ilable conwany operatss a defilled Contribution pension scheme. Contributions payable to the charitable
company's ￿}sIon 8¢heme are charged to the Statement of Financial Activities in the period to whith they T¢late,
OTHER TRADING ACTIvrrIES
2024
2023
Fundraistng events
Other income
14,040
5,398
4.656
19,438
4,656
Pag¢ll

Churn Project LtD)Ited
Notes to the FinaiiciAI Statem¢n¢s- colltlnued
for the Year Ended 31st July 2024
tNVESTM]INT INCOME
2024
2023
Lkposit ￿￿Ount inter¢st
4.923
TRUSTEESI REMUNERATION AND BEI NEfiITS
Th￿e were no ttusteeg ￿MuneratiOn or other benefits for the yeftr ended 31st July 2024 nor for the year ended
31st July 2023,
Trusteej, expenses
There were no truste￿, ¢xpenses paid for the year ellded 31st July 2024 nor for tho year ended 31st July 2023.
STAFF COSTS
The average monthly number of employees during the yearwas as follows:
2024
16
21)23
l6
Employe¢s
No employee5 rE¢¢ived emoluments in exce&8 of £60,000.
COMPARATtVFS FOR THEI STATEMENf OF FINANCIAL ACTIVII'IES
Unrestrlcted
fund
Restrleted
fund
Total
funds
INCOME AIW ENDow￿NTs FROM
Donations and legacies
18,799
18,801
Charitable ielivltl¢s
Family Services
Employmcnt & Skills
Ag¢ing Well
Well Belng
General
ICrf),803
7,059
59,765
132.630
100,803
7,059
59,765
132,630
159,103
159,103
Other trath'ng activiti
4,656
4,656
Total
182,558
31M1,259
482,817
EXPENDITURE ON
Charitable aetivltles
Family Services
Employment & Ski118
Ageing Well
Older People Servtces
Hardship Fund
Well Being
General
85,276
10,784
53,439
124
220
I 13,584
85,276
10,784
53,439
124
220
I l3,584
166,OSI
166,051
Totsl
166,051
263,427
429,478
NET INCOME
Transfers between fund$
16,507
{397)
36,832
397
53,339
Page 12

Churn Project Llmlted
Notes to the Finanelal Ststements- continued
for the Year Ended 31st July 2024
COMPARATIVES FOR STATEMENT of% FINANCIAL ACllVrtILS - et>ntlnued
Unrestricted
Restrlcted
fund
funds
Total
rullds
Net movement IM fiinds
16,110
37,229
53,339
REI CONCtLIATION ofi FtiF4DS
Total f(wds brought foNard
70,127
90,413
160,540
TOTAL FUNDS CARRIED FORWARD
86,237
127,642
213,879
DEBTORS: AMOiINTS FALL￿G DUE wrrHIN ONE YEAR
2024
2023
Trade debtors
Otber debtors
Accrued income
Prepayments
soo
5,625
125
2,129
799
5.625
519
3,595
8,379
10,538
CREDrroKs: AMOUNTS FALLING DUE WITIIIN ONE YEAR
2024
2023
Trade crediiDrs
Social 5ecurtty and other tax&s
Pension Fund
Accru¢d expens
2,470
5,225
1,095
1,401
4,577
5,302
896
J,016
10,191
11,791
MOVEMENT IN FUNDS
Net
movement
In funds
Tr￿sfer$
b¢tweell
funds
At
31ntt4
At 118/23
Unrestrlctsd funds
Cleneral fund
86,237
10,131
96,368
Restrl¢ted funds
Family Sorvice8
Ag¢illg Well
Older P¢opk Services
W¢ll Being
The Natiottal Lottery Community Fund-
RIC South W￿¢ liegion
40,182
40,105
467
35,476
(1,067)
(29,133)
39,115
11,439
467
(467)
(12,937)
22,539
11,412
IL,412
127,642
(43,137}
84,505
TOTAL FUNDS
213,879
(33.006)
180,873
Page 13

Churn Project Llmlted
Note8 to the r(lllAn¢ft*l St&tsments - eontlnued
for the Year Ended 318t July 2024
MOVEt MENT IN FUNDS . ¢otttinued
Net frnovement in fill￿s, included ill the above are as follows,.
In¢omlng
resourees
Resourees
expellded
Movement
in funds
Unrestricted funds
General fund
216,343
(206,212)
10,131
Restrl¢ted funds
Family Services
Ageing Well
Well Being
86,749
23,300
135,347
{87,816}
(52,433 }
(148,284)
(1,067)
(29,133)
(12,937)
245,396
(288,533}
(43,137)
TOTAL FUNDS
461,739
(494,745)
(33,006)
CompArAtives for movemellt In thnds
Net
ovement
Ill funds
Transfer$
between
funds
At
31r1123
At 118122
Unrestricted funds
GeThe￿I fvnd
70,127
16,507
(397}
86237
Rthricted funds
Employment &Skills
Family Swvices
Ageing Well
Older People Service5
HarLship Fund
Well Being
The National Lottery Conununity Fund -
IUC South West Region
3,327
24,654
33,780
590
222
16,428
(3,725)
15,528
6,326
(l23)
(220)
19,046
398
40,182
40,105
467
(i}
(2)
35,476
IL,412
11,412
90,413
36,832
397
127,642
T(YfAL FtINDS
160,540
53,339
213,879
Page 14

Churll Project Limited
Notes to the Flnpdnclal St￿te￿¢￿ts- contlnued
for the Year Ended 318t July 2024
MOVEI MEpif IN FUNDS - condnued
Comparative ll¢t movement in fund4 included in the above are a5 follows:
Ineomlng
resollrees
Resour¢e$
exp¢nd¢d
Movement
In funds
Unrestrleted funds
General thnd
182,558
(166,05l)
[6,507
Re&tri¢ted funds
Employment &Skills
Family Services
Ageitig Well
Older People Servic
Hard8hip Fund
Well Being
7,059
100,804
59,765
(10,784)
(85,276)
(53,439)
(124)
(220)
(113,584)
(3,725)
15,528
6,326
(123)
(220)
19,046
132,630
300,259
(263,427)
36.832
TOTAL FUNDS
482,817
(429,478)
53,339
A current y¢at 12 months and prior year 12 montbs c(rnbined position is as follows:
Net
movement
In fulld$
Transfer8
betsY¢en
fullds
A¢ 118122
31nll4
u￿r￿trICted fund5
eral ￿rtd
70,127
26,638
(397)
96,368
RoBtrlcted futEds
Employrnent &Skills
Family Services
Ag¢ing Well
Older People Servic&s
HÉlldship Fulld
Well B¢ing
The National Lottery Con)nwnity Fund-
RIC South West Region
3,327
24,654
33,780
590
222
16,428
(3,725)
14,461
(22,807)
{123)
(220)
6,109
398
39,115
11,439
466
(467)
(2)
22,539
11,412
11,412
90,413
(6,305)
397
84,505
TOI'AL FUNDS
160540
20,333
180,873
Page E5

Churn Project Llmtted
Notes to the finaiicial St4tenients- condnued
for the Year Ended 31st July 2024
MOVEMENT ￿ fi UNDS- contlnu¢d
A cunEnt year 12 months and ptior year 12 moiiths conthifted net movenient in Thllds, iiicluded in the above are
as follows:
Ineomlng
resoui'¢e&
Resources
expended
Movement
in fund8
Unve8tr1cted funds
General fimd
398,901
(372263)
26,638
ReBtricted funds
Employment &Skills
Family Services
Ag¢ing Well
Older People Services
Hardship Fund
Well B¢Éng
7,059
187,553
83,065
(10,784)
(173,092)
(105,872)
(124)
(220)
(261,868)
(3,725)
14,461
(22,807)
(123)
(220)
6,109
267,977
545,655
(551,960)
(6,305)
TOTAL FUNDS
944,556
(924,223)
20,333
io,
RELATLD PARTY DKSCLOSURES
Theie were no rella￿l party tranwtions for the Ye￿ ettded 3 1st July 2024.
Page 16

Churn Project Llmlted
Detalled Statement of14nanciHI Actiyilles
ror the Ye4r Knded 31st July 2024
2024
2023
INCOME AND E14DOWMENTS
Donfttlons and legAd¢s
Donations
21,955
18,801
Other trndixig a¢tlrf(I
Fundrat8ing events
Other iiicome
14,040
5,398
4,656
19,438
4,656
Investm¢nt In¢ome
D¢posÉt account intsr¢st
4,923
ChRrltsbl¢ a¢dvltles
Grants
415,423
459,360
Total Incomlng resources
461,739
482,817
EXPLNDITURE
Charltable a¢tlvllles
Employment & Skills
Family Services
Ageing Well
Hardship FuThl
Well Beillg
10,784
85,276
53,563
220
113,584
87,816
52,433
148,284
288,533
263,427
Other
Fundraising events
7,470
Support costs
Flnance
Bar]k chaw8
691
446
Other
W&ge$
Social securtty
Penslons
Rates and water
Insurance
Light and heat
Telephone
Postsge and stationery
Sundries
Rent
Canied fo￿￿rd
323,997
20,071
5,727
528
2,097
3,209
2,202
2,222
3,306
28,500
391,859
282,194
15,573
6,092
343
2,190
3,472
1,430
1,718
1,477
25,640
340,129
Thi5 page does not fomi part of tbe Sta￿tOry finan¢RI statsments
Pago 17

Churn Project Limited
Deta11￿ Statement of Fluanchll Aetivities
for the YeAr Ended 31$t July 2024
2024
2023
Other
Brought foThvard
Travel
Newsletter costs
Computer costs
Office ¢quipmenl
Premises expen8es
Tratning, coacbing & m¢ntoiing
Covid shopping
Employee FKnefits
391,859
479
1040
7,881
6,480
14,047
1,651
340,129
1,700
2,421
11,016
1,121
7,336
50
855
943
425,380
364,628
Other 2
Wages allocated to r&stiiotsd
Social security allocated to r estricted
Pensions ojlocated lo restri¢t ed
Advertising
(213,147)
(15,507)
(3,313)
I,IN)2
(199,553)
(14,644)
{4,446)
6,352
(230,965)
(212,291 }
Governance eosts
Accountancy fe
Professional fees
900
2,736
900
12,368
3,636
13,268
Total resources expended
494,745
429,478
Net (expendltureylncome
(33,006)
53,339
This page does not fonn part of the Statutory fmancial 5tatement8
Page 18