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← The Churn Community Hub Ltd

2025-07-31-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 2025

for

Churn Project Limited

JD Frost Accountants 7 Links View Cirencester Gloucestershire GL7 2NF

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Churn Project Limited

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Contents of the Financial Statements for the Year Ended 31st July 2025

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||||||||| |---|---|---|---|---|---|---|---| |Page| |Report of|the Trustees|1|to|7| |Independent Examiner's Report|8| |Statement of Financial Activities|9| |Balance Sheet|10| |Cash|Flow Statement|)|11| |Notes to the Cash Flow Statement|~~|es|©|es|~|Ss|oe| |Notes to|the Financial Statements|13|to|21| |Detailed Statement of Financial Activities|22|to|23|

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Churn Project Limited

Report of the Trustees for the Year Ended 31st July 2025

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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 2025, 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 From the Chair of Trustees

This has been a year of challenge, change and continued growth for The Churn Project. The scale and complexity of need across our community have continued to rise, while resources remain stretched. Yet through determination, creativity and compassion, the team has ensured that our core services not only continue but adapt and strengthen in response. During 2024/25, 1,765 accessed group and individual support, with 474 people receiving one-to-one help, over half of whom required ongoing support for complex issues. There were over 10,000 group attendances. The organisation was supported by 121 regular volunteers, with an additional 250 contributing to events and community activity. Listening to the people we support and responding to what matters most to them has remained central to our approach. By valuing lived experience, we have refined and reshaped services to meet real needs - from mental health and family support to employability and wellbeing. This has meant developing smaller, more focused activities that support uss. connection,..healthgrants, practical help.and andconfidence, emotional support.. while maintaining-our- commitment: to those facing hardship throdgh “individual © Family work has expanded further this year, particularly in primary schools, where demand for one-to-one and parenting support continues to grow. Our mental health provision has also developed, with increased support for young adults and men, and new opportunities for connection through creative and therapeutic groups. For older people, we have introduced smaller, more activity-based sessions, helping individuals engage in ways that feel comfortable and meaningful.

New partnerships have strengthened our work, particularly in areas such as digital inclusion, community health and time.employability. These collaborations extend our reach and help ensure people can access the right support at the right Volunteers continue to be at the heart of The Churn Project, giving their time, care and commitment across every part of our work. We are grateful for their dedication and pleased to have improved volunteer coordination and support this year,

Our staff team remains exceptional, Their professionalism, experience and empathy shine through every aspect of what we do. Despite operating at full capacity, they continue to deliver high-quality, person-centred support and find new ways to respond to emerging need. This year we had ateam of 18 staff (12 FTE). We have also welcomed new Trustees to the Board this year, bringing valuable insight and experience that will help guide the charity's next stage of development.

While we face ongoing financial and operational challenges, this has been a year that demonstrates resilience, adaptability and deep community connection. My sincere thanks go to our staff, volunteers, Trustees, partners and funders - and to everyone who has placed their trust in us. Together, we remain committed to sustaining The Churn Project's vital role at the heart ofour community and ensuring that those who need support continue to find it here.

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Churn Project Limited

Report of the Trustees for the Year Ended 3ist July 2025

OBJECTIVES AND ACTIVITIES

Objectives and aims

Founded in 2001, The Churn Project is a community charity based in Cirencester, dedicated to reducing isolation and enhancing the wellbeing of local residents. The charity operates right at the heart of the community and is often the only place people feel they can turn to for support. The Churn Project provides a warm and welcoming environment where individuals can openly discuss their concerns and receive much-needed assistance. What sets the Churn Project apart is its comprehensive support across the lifespan, from pregnancy to old age, through our three services: Family, Community Wellbeing, and Ageing Well. With a focus on building community connections, we ensure that everyone feels valued and supported, helping to connect individuals with other relevant organisations when needed.

Objectives and Purpose

This year, The Churn Project has reviewed and updated its Memorandum and Articles of Association to ensure our charitable objectives reflect the organisation as it is today and the breadth of support we now provide. While our founding purpose remains unchanged-addressing hardship and reducing isolation in Cirencester and the surrounding area-our work has evolved to include a stronger focus on mental health and wellbeing, supporting families, developing volunteering, and strengthening community capacity and connection.

Our aims are to improve wellbeing and reduce isolation, particularly for those experiencing loneliness or facing challenges during transitions in their lives, such as financial hardship or mental health difficulties. Our mission is to address inequalities that contribute to social isolation and economic difficulties by offering services that promote purpose, belonging, and hope. We are committed to ensuring that all residents feel included and valued in their community, supported in achieving their potential, and able to access opportunities for personal and professional growth,

Vision

Our vision is that every individual should feel included, involved, and invested in their community. We strive to change lives by reducing and preventing isolation, promoting wellbeing, creating opportunities to learn and achieve, supporting individuals through crises, and providing early help and interventions. By encouraging personal responsibility and leveraging the best resources through thoughtful procurement and positive partnerships, we work towards a future where all members of the Cirencester community can thrive and contribute meaningfully.

Ensuring our work delivers our aims.

To ensure we deliver our aims effectively, we follow a structured approach that includes regular reviews, evaluations and alignment with our stated objectives. Here's how we manage this, based on our current practices:

Regular review process:

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Churn Project Limited

Report of the Trustees : for the Year Ended 31st July 2025

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Evaluation of impact:

Trustee oversight & public benefit ~ Our trustees refer to the Charity Commission's guidance on public benefit when planning and reviewing our work. This ensures that everything we do delivers meaningful benefits to the public. We regularly review public benefit in board meetings, especially when planning new projects or reviewing ongoing ones.

STRATEGIC REPORT

Achievements and performance

oe

Service
Service Users		 Service
Service Users
AgeingWellService 432
Community Wellbeing Service 466
FamilyService 421 adults
Digihub
Volunteers		 401 children
45
371
CollaborativeServiceDeliveryGroups Groups
65
Total 2156

Service Delivery Summary

Community Wellbeing Service

The Community Wellbeing Service provides comprehensive support for adults and young adults, encouraging social engagement and reducing isolation through a range of social groups and community projects. It offers tailored wellbeing and mental health support, including one-to-one work with young adults, crisis assistance, and employability programmes that help individuals access education and training, particularly those who struggle to engage with mainstream resources. The service also includes social wellbeing groups and volunteer-led initiatives, such as wellbeing walks, which promote community connection and improve overall wellbeing.

Family Service

The Family Service supports families through various activities and programmes designed to enhance parenting skills, promote connections, and provide essential resources. The service offers guidance for parents, including antenatal and postnatal support, parenting support groups, and one-to-one family support, including for parents with SEND children, as well as assistance for those experiencing domestic abuse or facing complex issues, It also aims to support child development by providing activities that encourage learning and growth. Working in close partnership with local primary schools, the service delivers targeted projects that strengthen family relationships and early intervention, By creating a safe and welcoming environment, the Family Service builds community connections and provides tailored support during times of crisis, empowering families to navigate challenges and improve their overall well-being.

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Churn Project Limited

Report of the Trustees for the Year Ended 31st July 2025

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STRATEGIC REPORT

Achievements and performance Ageing well Service

The Ageing Well service provides support to improve the health and well-being of older adults, particularly those experiencing loneliness and isolation. Recognising the unique challenges faced by older people, the service offers tailored support to address their specific needs, including those living with dementia. The service has an increasing focus on health and wellbeing, introducing physical activities and health-focused sessions that encourage movement and engagement. Through various activities and programmes, the service promotes positive ageing, encourages social connections, and supports larger social activity groups as well as smaller therapeutic-based wellness groups. It also includes a dedicated Carers Hub, providing essential resources and support for individuals caring for others. Additionally, the service offers bereavement support and a befriending scheme aimed at individuals who may struggle to leave their homes. By focusing on building resilience and promoting independence, the Ageing Well service ensures that older adults can access the support they need to maintain their health, well-being, and a sense of belonging within the community. Financial review Financial position The past year has been one of steady adaptation and organisational growth. Against a backdrop of rising costs and increasing demand, we have strengthened our financial resilience through targeted fundraising,new partnerships, “and - sound management. Continued investment in our internal systems and staffing has ensured that we remain well placed to deliver services efficiently and maintain the trust and confidence of our funders and community. This period of consolidation has provided a strong foundation for the year ahead, as we balance sustainability with the continued development of our work and the increasing needs of those we support.

In 2024/25, our income was £579,108, an increase of £117,370. Expenditure increased by £62,021, bringing the total to £556,766, As of 31st July 2025, our funds stand at £203,215, an increase of £22,342 compared to the previous year.

The organisation continues to identify and secure new funding opportunities that support long-term stability and service expansion. Previous volunteers have been supported into employment, demonstrating our commitment to providing pathways for people to move forward and build confidence through lived experience. Collaboration with other voluntary sector organisations has resulted in joint finding projects and a stronger, more connected local network. These partnerships have enhanced resources, improved access to support, and strengthened our collective impact across the community, Our work with statutory partners, including the Cotswold District Council, has been vital in delivering targeted projects that meet local needs and recognise the positive difference we make. We have also focused on raising our profile at a county level to highlight the importance of our organisation and place us in a stronger position for future opportunities. Developing partnerships with health services through the Integrated Care Board has enabled us to expand community health activities and mental health programmes.

Staffing has also developed this year, with additions to administrative and finance support, and increased capacity for work with young people and families. The higher turnover reflects the team's hard work in securing funding and delivering services, as well as the new challenges of sustaining growth and the increasing need for additional space.

Sustaining Our Services Through Multi-Year Grants

Securing multi-year grants has been crucial in sustaining our services and demonsirates the faith our funders have in our work, We are grateful for the strong relationships we've built with funders such as the Peter Lang Trust, the National Lottery, Henry Smith Charity, and Barnwood Trust, all ofwhom provide vital support for our services.

We are also fortunate to receive regular financial support from various trusts and organisations, including the Primrose Trust, St. James's Place Foundation, National Benevolent Charity, Garfield Weston Foundation, Summerfield Trust, Gloucestershire Community Foundation, Winstone Trust, and the Integrated Care Board (NHS), Hans Rausing Trust. Their ongoing grants, along with one-off funding, are crucial to sustaining our work and enabling us to meet the needs of our community. We are equally grateful for the contributions from Cotswold District Council, Cirencester Town Council, Gloucestershire County Council and numerous smaller grants, donations, and invaluable support from local businesses and individuals, all ofwhich have made a significant impact on our ability to deliver essential services.

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Churn Project Limited

Report of the Trustees for the Year Ended 31st July 2025

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STRATEGIC REPORT

Financial review

Reserves policy The trustees have established a reserves policy to ensure that The Churn Project can maintain core activities during unforeseen difficulties. This policy requires reserves to be held in a readily realisable form, The necessary reserve levels are calculated as part of the planning, budgeting, and forecasting cycle, taking into account potential income and expenditure variations related to planned activities and future commitments. The trustees review the reserves policy annually, monitoring readily realisable reserves, assessing risks to income and expenditure, and evaluating working capital and cash flow needs to maintain adequate reserves.

Our target reserves for the year were between £63k and £106k. This is based on a minimum of redundancy costs for all staff and a paid notice period for all core staff with the maximum being these costs plus 3 months running costs including running one service. Our actual unrestricted reserves were £1 10,841k,

Future plans

sstuss.

We recognise that our plans must continue to adapt to changing circumstances and ongoing evaluation, However, informed by feedback from service users, staff, and partners, these priorities reflect our focus for the year ahead and align with our three-year strategic plan, longer-term,>. Strengthen.unrestricted financial. funding-sustainability--by- opp ortunities,reviewing: our--funding ~strategy; diversifying income, “and” “developing° - Invest in our people, continuing to build staff capacity, wellbeing, and professional development, while expanding volunteer opportunitie s and lived experience roles. - Progress work on premises, exploring options for expanded or additional delivery space to meet increasing operational needs. - Maintain strong partnerships with statutory, health, and voluntary sector organisations, developing joint projects that maximise local impact and avoi d duplication. ~ Sustain core delivery across Family, Community Wellbeing, and Ageing Well services, ensuring consistency, quality, and responsiveness to c ommunity needs. ~ Extend family support in schools, increasing one-to-one and group work, parenting sessions, and SEND-focused provision. - Develop young adult wellbeing and employability activities, strengthening one-to-one mental health support and creative group sessions. - Grow the Community Sheds programme, expanding to additional sites and developing new volunteer-led and skills-based activities.- Enhance the Supporting Wellness programme within Ageing Well, increasing physical health, nutrition, and smaller therapeutic wellbeing groups. - Refine the befriending service, focusing on individuals with complex needs and encouraging participation in wider group and social activities. - Embed mental health and wellbeing support across all services to ensure emotional wellbeing remains central to delivery. - Strengthen communication and visibility, improving digital presence, storytelling, and engagement with funders, partners, and the public. - Enhance evaluation and impact reporting, embedding ‘Listening to You! feedback and developing the CRM system to improve data consistency, - Advance digital development and innovation, trialling new tools and responsible use of AI to streamline administration, improve efficiency, and stre ngthen communication. - Prepare for our 25th anniversary, celebrating achievements and using the milestone to strengthen community and funder relationships.

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.

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Churn Project Limited

Report of the Trustees for the Year Ended 31st July 2025

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STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

The directors of the company also serve as trustees, all of whom volunteer their time and can recover expenses incurred due to their roles, The board currently consists of a Chair and eight additional trustees, with a minimum of three serving trustees and no maximum limit. Trustees are recruited for their diverse skills and expertise, invited to complete a skills audit, and encouraged to observe a meeting before joining.

One third of trustees must retire at the Annual General Meeting but may be re-elected.

Organisational structure

The Churn Project has a board of trustees comprising at least three members, currently nine, which meets every eight weeks. The board is responsible for the charity's strategic direction and monitoring governance systems, The Chief Executive Officer manages day-to-day operations, leading the staff to implement strategy and enhance skills for optimal client outcomes.

Trustee Induction and Training

Upon appointment, trustees complete a declaration of eligibility, undergo an enhanced DBS check, and sign a code of conduct agreement. They also undertake online safeguarding training and receive a Trustee Information Pack containing:

Anoutline of trustee roles and responsibilities= ©°° er esr recess eres ee eee - Key documents, including the Memorandum and Articles, current policies, and the Business Plan

Trustees are invited to tour the premises, meet staff and volunteers, and attend team meetings.

Risk management

Trustees are responsible for identifying and reviewing risks to the charity, ensuring appropriate controls are in place to mitigate fraud and error. They manage risks through regular operational reviews at bi-monthly meetings, focusing on:

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

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Churn Project Limited

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Report of the Trustees

for the Year Ended 31st July 2025

Trustees

S A Alexander (resigned 9/7/2025)

D W Bellamy (resigned 9/7/2025)

W C Cobbett (resigned 13/11/2024)

C Groombridge R Lyon Chair F R Penny D G Sutherland RS Towill S Jones (appointed 13/11/2024) M Scrivens (appointed 3/6/2025) C Dawe (appointed 3/6/2025) P Styles (appointed 3/6/2025)

Company Secretary C Dawe ;

Independent Examiner

JD Frost Accountants 7 Links View

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Gloucestershire GL7 2NF

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company[and][ signed][ on][ the board's][ behalf][by:] directors, on At]WIZO2.S..[....] R Lynn Chair - Trustee cy] , :

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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 2025.

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 member of the Institute of Chartered Accountants in England and Wales, 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

oe 2. the accounts do not accord with those records; or “=~ 3°" “thé ‘accounts do not cofiplywith the accounting tequitéments ofSection 396of 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

JD Frost Accountants 7 Links View Cirencester Gloucestershire GL7 2NF > Date: av] |2oe8

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Churn Project Limited

Statement of Financial Activities for the Year Ended 31st July 2025

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||||||| |---|---|---|---|---|---| |2025|2024| |Unrestricted|Restricted|Total|Total| |fund|funds|funds|funds| |Notes|£|£|£|£| |INCOME AND ENDOWMENTS FROM| |Donations and legacies|2|95,385|5,739|101,124|25,922| |Charitable|activities|5| |Family|Services|-|114,137|114,137|86,749| |Ageing Well|-|68,850|68,850|20,000| |Hardship Fund|-|2,500|2,500|“| |Well Being|-|158,028|158,028|134,679| |General|116,380|~|116,380|170,028| |Other trading activities|3|9,432|-|9,432|19,438| |Investment income|4|8,657|-|8,657|4,923| |Total|229,854|349,254|579,108|461,739| |Charitable|activities|6| |Family Services|77,094|109,900|186,994|155,389| |Ageing Well|42,830|69,577|112,407|90,193| |Hardship Fund|-|657|657|-| |Well Being|94,227|161,251|255,478|241,693| |Other|1,230|-|1,230|7,470| |Total|215,381|341,385|556,766|494,745| |NET INCOME/(EXPENDITURE)|14,473|7,869|22,342|(33,006)| |RECONCILIATION OF FUNDS| |Total funds brought forward|96,368|84,505|180,873|213,879| |TOTAL FUNDS CARRIED FORWARD|110,841|92,374|203,215|180,873|

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The notes form part of these financial statements

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Churn Project Limited

Balance Sheet

31st July 2025

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||||||| |---|---|---|---|---|---| |2025|2024| |Unrestricted|Restricted|Total|Total| |fund|funds|funds|funds| |Notes|£|£|£|£| |CURRENT ASSETS| |Debtors|11|8,819|150|8,969|8,379| |Cash at bank and in hand|115,077|93,826|208,903|182,685| |123,896|93,976|217,872|191,064| |CREDITORS| |Amounts falling due within one year|12|(13,055)|(1,602)|(14,657)|(10,191)| |NET CURRENT ASSETS|110,841|92,374|203,215|180,873| |TOTAL ASSETS LESS|CURRENT| |LIABILITIES|110,841|92,374|203,215|180,873| |NET ASSETS|110,841|92,374|203,215|180,873| |FUNDS|13| |Unrestricted|funds|110,841|96,368| |Restricted funds|92,374|84,505| |TOTAL FUNDS|203,215|180,873|

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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

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The financial statements were approved by the Board of Trustees and authorised for issue on
wh[Wleoes and were signed on its behalf by:
¢ 7
R Lynn Chair - 1
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The notes form part of these financial statements

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Churn Project Limited

Cash Flow Statement for the Year Ended 31st July 2025

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|||||| |---|---|---|---|---| |2025|2024| |Notes|£|£| |Cash flows from operating|activities| |Cash generated from operations|1|17,561|(37,370)| |Net cash provided by/(used|in) operating activities|17,561|(37,370)| |Cash|flows|from|investing|activities| |Interest received|8,657|4,923| |Net cash provided by investing activities|8,657|4,923| |Change in cash|and|cash equivalents|in|,| |the reporting period|26,218|(32,447)| |Cash and cash equivalents|at the| |beginning of|the reporting period|182,685|215,13200| |Cash and|cash equivalents|at the end|of| |the reporting period|208,903|182,685|

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The notes form part of these financial statements

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Notes to the Cash Flow Statement for the Year Ended 31st July 2025

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Churn Project Limited

1. RECONCILIATION OF NET INCOMEAEXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

OPERATING ACTIVITIESACTIVITIES
2025 2024
£ £
Netincome/(expenditure) for thereportingperiod (as per the
Statement ofFinancial Activities) 22,342 (33,006)
Adjustments for:
Interestreceived (8,657) (4,923)
(Increase)/decrease indebtors (590) 2,159
Increase/(decrease) increditors 4,466 (1,600)
Netcashprovided by/(used in)operations 17,561 (37,370)
ANALYSISOFCHANGES INNETFUNDS
At 1/8/24 Cash flow At31/7/25
£ £ £
Cashatbankandinhand 182,685 26,218 208,903
182,685 26,218 208,903
Total 182,685 26,218 208,903
  1. ANALYSIS OF CHANGES IN NET FUNDS

The notes form part of these financial statements

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Notes to the Financial Statements for the Year Ended 31st July 2025

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Churn Project Limited

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 “allocatedto 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.

Farther 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.

  1. DONATIONS AND LEGACIES
2. DONATIONS AND LEGACIESAND LEGACIESLEGACIES
2025 2024
£ £
Donations 101,124 25,922
3. OTHERTRADINGACTIVITIES
2025 2024
£ £
Fundraising events 2,942 14,040
Otherincome 6,490 5,398
9,432 19,438

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Churn Project Limited

Notes to the Financial Statements - continued for the Year Ended 31st July 2025

4. INVESTMENTINCOME
2025 2024
£ £
Depositaccount interest 8,657 4,923
5. INCOMEFROMCHARITABLEACTIVITIES
2025 2024
Grants Activity
FamilyServices		 £
114,137		 £
86,749
Grants
Grants
Grants		 Ageing Well
HardshipFund
WellBeing		 68,850
2,500
158,028		 20,000
-
134,679
Grants General 116,380 170,028
459,895 411,456
Grants received, included intheabove, above, areas follows: :
pent ebbSit i ee ee ee ea consis Voutuat unis cnes vist abusive van,2025 _, 2024
Grants 357,583 344,862
GovernmentGrants 102,312 66,594
459,895 411,456
6. CHARITABLEACTIVITIES COSTS
Support
Direct costs (see
Costs note 7) Totals
£ £ £
FamilyServices 109,900 77,094 186,994
AgeingWell 69,577 42,830 112,407
HardshipFund 657 - 657
Well Being 161,251 94,227 255,478
341,385 214,151 555,536
7. SUPPORTCOSTS
Human Governance
Finance resources Other costs Totals
£ £ £ £ £
Family Services 166 45,792 27,117 4,019 77,094
AgeingWell 93 25,439 15,065 2,233 42,830
Well Being 204 55,966 33,145 4,912 94,227
463 127,197 75,327 11,164 214,151

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Churn Project Limited

Notes to the Financial Statements ~ continued for the Year Ended 31st July 2025

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  1. SUPPORT COSTS- continued

Activity Basis of allocation Finance Support costs alloaction per FTE Human resources Support costs alloaction per FTE Other Support costs alloaction per FTE Governance costs Support costs alloaction per FTE

Support costs, included in the above, are as follows:

Finance

Finance
2025 2024
Family
Services
£		 Ageing
Well
£		 Well
Being
£		 Total
activities
£		 Total
activities
£
Bankcharges 166 93 204 463 691
Human resources
2025 2024
, Family
‘Services		 Ageing
~~ Well		 == Well
Being		 Total
” activities		 Total
activities
£ £ £ £ £
Wages
Socialsecurity
Pensions
Employeebenefits		 136,627
8,725
2,480
388		 75,903
4,847
1,377
216		 166,987
10,663
3,030
474		 379,517
24,235
6,887
1,078		 323,997
20,071
5,727
943
Wages inrestricted
ER'sNIinrestricted
ER'spensioninrestricted		 (92,614)
(8,285)
(1,529)		 (51,452)
(4,602)
(850)		 (113,194)
(10,125)
(1,869)		 (257,260)
(23,012)
(4,248)		 (213,147)
(15,507)
(3,313)
45,792 25,439 55,966 127,197 118,771
Other
2025 2024
Family
Services		 Ageing
Well		 Well
Being		 Total
activities		 Total
activities
£ £ £ £ £
Rates andwater 314 175 385 874 528
Insurance
Lightandheat
Telephone
Postageand stationery
Sundries
Rent
Travel		 546
1,275
1,358
778
895
10,406
89		 304
708
754
432
497
5,781
49		 669
1,558
1,660
950
1,093
12,718
108		 1,519
3,541
3,772
2,160
2,485
28,905
246		 2,097
3,209
2,202
2,222
3,306
28,500
479
Newslettercosts
Computercosts
Officeequipment
Premisesexpenses
Training, coaching&		 307
3,187
1,094
3,232		 171
1,770
608
1,796		 375
3,895
1,338
3,950		 853
8,852
3,040
8,978		 2,040
7,881
6,480
14,047
mentoring
Advertising		 1,527
2,109		 848
1,172		 1,867
2,579		 4,242
5,860		 1,651
1,002
27,117 15,065 33,145 75,327 75,644

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Churn Project Limited

Notes to the Financial Statements - continued for the Year Ended 31st July 2025

7. SUPPORT COSTS - continued Governance costs

Governance costs
2025 2024
Family
Services		 Ageing
Well		 Well
Being		 Total
activities		 Total
activities
£ £ £ £ £
Accountancy fees 324 180 396 900 900
Professional fees 3,695 2,053 4,516 10,264 2,736
4,019 2,233 4,912 11,164 3,636
  1. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st July 2025 nor for the year ended 31st July 2024.

Trustees' expenses

ee

_. There were no_trustees' expenses paid for the year ended 31st July 2025 nor for the year ended 31st July 2024, _

  1. STAFF COSTS
9. STAFF COSTS
2025 2024
£ £
Wagesandsalaries 379,517 323,997
Socialsecurity costs 24,235 20,071
Otherpension costs 6,887 5,727
410,639 349,795
The averagemonthlynumberofemployeesduringtheyearwasas as follows:
2025 2024
Employees 18 16
No employees receivedemoluments inexcessof£60,000.
10. COMPARATIVESFORTHE THESTATEMENTOF FINANCIALACTIVITIES
Unrestricted Restricted Total
fund funds funds
£ £ £
INCOMEANDENDOWMENTSFROM
Donations andlegacies 21,954 3,968 25,922
Charitable activities
FamilyServices . ~ 86,749 86,749
AgeingWell - 20,000 20,000
Well Being - 134,679 134,679
General 170,028 - 170,028
Othertrading activities 19,438 - 19,438
Investmentincome 4,923 - 4,923
Total 216,343 245,396 461,739
EXPENDITUREON

Page 16

i

Churn Project Limited

Notes to the Financial Statements - continued for the Year Ended 31st July 2025

10. COMPARATIVESFORTHESTATEMENTOFFINANCIALACTIVITIES ACTIVITIES - continued ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£ £ £
Charitable activities
FamilyServices 67,573 87,816 155,389
AgeingWell 37,760 52,433 90,193
WellBeing 93,409 148,284 241,693
Other 7,470 - 7,470
Total 206,212 288,533 494,745
NETINCOME/EXPENDITURE) 10,131 (43,137) (33,006)
RECONCILIATIONOFFUNDS
Totalfunds brought forward 86,237 127,642 213,879
TOTALFUNDSCARRIEDFORWARD 96,368 84,505 180,873
11. DEBTORS:AMOUNTSFALLINGDUEWITHINONEYEAR
2025 2024
£ £
Tradedebtors 405 500
Otherdebtors 5,625 5,625
Accruedincome 733 125
Prepayments 2,206 2,129
8,969 8,379
12. CREDITORS: AMOUNTSFALLINGDUEWITHINONEYEAR
2025 2024
£ £
Tradecreditors 3,984 2,470
Social securityandothertaxes 7,835 5,225
PensionFund 1,434 1,095
Accruedexpenses 1,404 1,401
14,657 10,191

Page 17

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Churn Project Limited

Notes to the Financial Statements - continued for the Year Ended 31st July 2025

==> picture [453 x 429] intentionally omitted <==

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |13.|MOVEMENT IN FUNDS|.| |Net| |movement|At| |At|1/8/24|in|funds|31/7/25| |£|£|£| |Unrestricted|funds| |General fund|96,368|14,473|110,841| |Restricted|fands| |Family|Services|39,115|4,237|43,352| |Ageing Well|11,439|2,854|14,293| |Hardship Fund|-|1,843|1,843| |Well Being|22,539|(1,065)|21,474| |The|National|Lottery Community Fund|-| |R/C|South West Region|11,412|-|11,412| |84,505|7,869|92,374| |TOTAL FUNDS|180,873|22,342|203,215| |Net movement|in funds,|included|in the|above|are|as|follows:| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|£| |Unrestricted|funds| |General|fund|229,854|(215,381)|14,473| |Restricted|funds| |Family|Services|114,137|(109,900)|4,237| |Ageing Well|72,431|(69,577)|2,854| |Hardship Fund|2,500|(657)|1,843| |Well Being|160,186|(161,251)|(1,065)| |349,254|(341,385)|7,869| |TOTAL FUNDS|579,108|(556,766)|22,342|

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Churn Project Limited

|

|

Notes to the Financial Statements - continued for the Year Ended 31st July 2025

13. MOVEMENT IN FUNDS- continued

Comparatives for movement in funds

==> picture [447 x 407] intentionally omitted <==

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Net|Transfers| |movement|between|At| |At|1/8/23|in|funds|funds|31/7/24| |£|£|£|£| |Unrestricted|funds| |General|fund|86,237|10,131|-|96,368| |Restricted|funds| |Family Services|40,182|(1,067)|-|39,115| |Ageing Well|40,105|(29,133)|467|11,439| |Older People|Services|467|-|(467)|-| |Well|Being|35,476|(12,937)|-|22,539| |The National Lottery Community Fund|-| |R/C South West Region|11,412|~|-|11,412| |127,642|(43,137)|-|84,505| |TOTAL FUNDS|213,879|(33,006)|-|180,873| |Comparative|net movement|in|funds,|included|in the above|are as|follows:| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|£| |;|UnrestrictedGeneral fund|funds|216,343|(206,212)|10,131| |Restricted|funds| |Family|Services|86,749|(87,816)|(1,067)| |Ageing Well|23,300|(52,433)|(29,133)| |Well Being|135,347|(148,284)|(12,937)| |245,396|(288,533|}|(43,137)| |TOTAL FUNDS|461,739|(494,745)|(33,006)|

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Page 19

Notes to the Financial Statements - continued for the Year Ended 31st July 2025

Churn Project Limited

13. MOVEMENT IN FUNDS - continued

:

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

==> picture [422 x 214] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Net|Transfers| |movement|between|At| |At|1/8/23|in|funds|funds|31/7/25| |£|£|£|£| |Unrestricted|funds| |General|fund|86,237|24,604|-|110,841| |Restricted|funds| |Fatnily Services|40,182|3,170|-|43,352| |Ageing Well|40,105|(26,279)|467|14,293| |Older People|Services|467|-|(467)|~| |Hardship Fund|-|1,843|-|1,843| |Well Being|35,476|(14,002)|-|21,474| |The Nationa!|Lottery Community Fund|-| |R/C|South West Region|11,412|-|-|11,412| |TOTAL FUNDS|213,879|(10,664)|-|203,215|

----- End of picture text -----

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

;

==> picture [426 x 169] intentionally omitted <==

----- Start of picture text -----
|||||| |---|---|---|---|---| |Incoming|Resources|Movement| |resources|expended|in funds| |£|£|£| |Unrestricted|funds| |General|fund|446,197|(421,593)|24,604| |Restricted|funds| |Family|Services|200,886|(197,716)|3,170| |Ageing|Well|95,731|(122,010)|(26,279)| |Hardship Fund|2,500|(657)|1,843| |Well Being|295,533|(309,535)|(14,002)| |594,650|(629,918)|(35,268)| |TOTAL FUNDS|1,040,847|(1,051,511)|(10,664)|

----- End of picture text -----

:

Page 20

Churn Project Limited

; :

Notes to the Financial Statements - continued for the Year Ended 31st July 2025

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st July 2025.

==> picture [1 x 1] intentionally omitted <==

----- Start of picture text -----
,
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Churn Project Limited

ae

: :

Detailed Statement of Financial Activities for the Year Ended 31st July 2025

Detailed Statement of Financial Activitiesof Financial ActivitiesFinancial ActivitiesActivities
for the Year Ended 31st July 2025the Year Ended 31st July 2025Year Ended 31st July 2025Ended 31st July 202531st July 2025July 20252025
2025 2024
£ £
INCOMEANDENDOWMENTS
Donationsandlegacies
Donations 101,124 25,922
Othertrading activities
Fundraisingevents 2,942 14,040
Otherincome 6,490 5,398
9,432 19,438
Investmentincome
Deposit account interest 8,657 4,923
Charitable activities
Grants 459,895 411,456
Totalincomingresources 579,108 461,739
EXPENDITURE
Charitable activities
FamilyServices 109,900 87,816
AgeingWell 69,577 52,433
HardshipFund 657 -
WellBeing 161,251 148,284
341,385 288,533
Other ‘
Fundraising events 1,230 7,470
Supportcosts
Finance
Bankcharges 463 691.
Human resources
Wages 379,517 323,997
Socialsecurity 24,235 20,071
Pensions 6,887 © §,727
Employeebenefits 1,078 943
Wages in restricted (257,260) (213,147)
ER'sNI inrestricted (23,012) (15,507)
ER'spension inrestricted (4,248) (3,313)
127,197 118,771
Other
Rates and water 874 528
Carriedforward 874 528

This page does not form part of the statutory financial statements

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Churn Project Limited

Detailed Statement of Financial Activities for the Year Ended 31st July 2025

==> picture [459 x 328] intentionally omitted <==

----- Start of picture text -----
||||| |---|---|---|---| |2025|2024| |£|£| |Other| |Brought forward|874|528| |Insurance|1,519|2,097| |Light and heat|3,541|3,209| |Telephone|3,772|2,202| |Postage and stationery|2,160|2,222| |Sundries|2,485|3,306| |Rent|28,905|28,500| |Travel|246|479| |Newsletter|costs|853|2,040| |Computer costs|8,852|7,881| |Office equipment|3,040|6,480| |Premises expenses|8,978|14,047| |Training,|coaching & mentoring|4,242|1,651| |Advertising|5,860|1,002| |75,327|75,644| |Governance|costs| |Professional|fees|10,264|2,736| |11,164|3,636| |Total|resources expended|556,766|494,745| |Net income/(expenditure)|22,342|(33,006)|

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This page does not form part of the statutory financial statements

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