Registered number 05935857 **Charity number: 1127001**
ARC (Axminster) Limited
## Accounts
31 December 2024
## **ARC (Axminster) Limited Report and accounts Contents**
||**Pages**|
|---|---|
|Trustees' report|1 - 3|
|Accountants' report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the accounts|7 - 11|
**ARC (Axminster) Limited Registered number: 05935857 Trustees' Annual Report**
The trustees present their report and accounts for the year ended 31 December 2024 which also comprises the Directors' Report required by the Companies Act 2006.
## **Reference and administrative details**
The legal name of the charity is ARC (Axminster) Limited. The charity is registered in England and Wales with charity number 1127001.
It is constituted as a company limited by guarantee, registered under the Companies Act 2006 with company number 05935857 and its governing document is a Memorandum and Articles of Association, dated 21 July 2020, under company legislation.
By operation of law, all trustees are directors under the Companies Act 2006 and all directors are trustees under charities legislation, and therefore have responsibilities under both company and charity legislation.
The trustees are all individuals.
The contact details are as follows:
Principal operating address: Axminster Medical Practice St Thomas Court Church Street Axminster EX13 5AG Registered office address: 17 Castle Hill Axminster EX13 5PY Website www.arcaxminster.org
## **Trustees and Directors**
The trustees in office during the year ended 31 December 2024 and on the date this report was approved were:
Dr Barry McKenna Gareth Pratt Christopher Outlaw- resigned on 31 March 2025 Jeremy Walden Amanda McDonagh- resigned on 31 March 2025 Craig Billington- appointed on 1 April 2025
The trustees were also directors of the charitable company during the year ended 31 December 2024 and on the date this report was approved.
All trustee directors are also members of the charitable company.
1
**ARC (Axminster) Limited Registered number: 05935857 Trustees' Annual Report**
Any new trustee is recruited and appointed based on word of mouth or the charity advertises the position. Any potential new trustee is then asked to fill out a form and then interviewed.
## **Objectives and activities of the charity**
The charitable objectives of the charity are to relieve the mental and physical sickness of persons resident in Axminster suffering from bereavement or loss by the provision of counselling and support for such persons.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
## **Achievements and performance**
Arc has supported over 3,400 referrals since its conception in 2007. In 2024, facing significant financial challenges, Arc made the difficult decision to pause new referrals in March and launched a pilot low-cost service in May. Despite these changes, client care remained seamless. Between January and March 2024, we received 48 GP referrals, followed by 75 low-cost self-referrals from May onward, delivering over 2,000 counselling sessions throughout the year.
## We offer three levels of care:
-Specialist EMDR treatment for post-traumatic presentations, in line with NICE and WHO guidelines. Axminster Medical Practice is currently the only practice in the UK offering trauma treatment at the primary care level.
-Grief and bereavement counselling to support individuals through loss.
-Ongoing maintenance support, including community reintegration through volunteering opportunities.
In 2024, Arc continued its commitment to professional development through our student counselling training scheme, training three trauma-informed therapists with clinical supervision, mentoring, and BACP registration support.
## **Financial review**
The financial position of the charity at 31 December 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:
|Net income/(expenditure)
Unrestricted revenue funds available for the general purposes of the
charity|**2024**
**£**
(5,447)
44,188|**2023**
**£**
(9,826)
49,635|
|---|---|---|
In 2024 the charity's expenses exceeded income by £5,447 with the result that revenue funds have again reduced although to a lesser extent than in 2023. The trustees are aware of the deficit and are constantly exploring ways to increase income and minimise expenditure.
The trustees believe that a reserve should be maintained at a minimum level which ensures that three months of the organisation's core activity could continue during a period of unforseen difficulty. For the current year this is estimated to equate to £20,000. Current free reserves are £44,188.
2
**ARC (Axminster) Limited Registered number: 05935857 Trustees' Annual Report**
## **Funds held as custodian trustee on behalf of others**
There are no funds held as custodian trustee on behalf of others
## **Statement of directors' and trustees' responsibilities**
The charity's trustees (who are also directors for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and 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 (FRS102) (SORP FRS102).
Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources for that period. In preparing the financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The trustees also consider that the audit requirement of Section 144(1) of the Charities Act 2011 does not apply to the charity.
The trustees are also responsible for the contents of the trustees' report, and the statutory responsibility of the independent examiner in relation to the trustees' report is limited to examining the report and ensuring that, on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on …...................... and signed on its behalf.
G Pratt Director and trustee
3
## **ARC (Axminster) Limited Accountants' Report**
## **Report of the independent examiner to the trustees of the charitable company on the accounts for the period from 1 January 2024 to 31 December 2024**
I report on the financial statements of ARC (Axminster) Limited on pages 1 to 7 for the year ended 31 December 2024.
## **Respective responsibilities of trustees and examiner**
As described in the Trustees' report the charitable company's trustees, who are also the directors of the company for the purposes of company law, are responsible for the preparation of the financial statements.
The trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to section 476 of the Companies Act 2006. As a consequence, the trustees have elected that the financial statements be subject to independent examination.
It is my responsibility to:
- a) examine the accounts under section 145 of the Charities Act;
- b) follow the procedures in the General Directions given by the Charity Commission under section c) state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no material matter has come to my attention which gives me cause to believe that, in any material respect:
- the accounting records were not kept in accordance with section 386 of the Companies Act 2006 and section 130 of the Charities Act 2011; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered part of an independent examination
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Gemma Crabb FCCA
Old Bank Building East Street Ilminster TA19 0AJ
Dated: 16 July 2025
4
## **ARC (Axminster) Limited**
## **Statement of Financial Activities (including Income and Expenditure Account) as required by the Companies Act 2006 for the year ended 31 December 2024**
|**Notes**
**Income and endowments**
**2**
Donations and legacies
Other trading activities
Other income
**Total income**
**Expenditure**
**3**
Expenditure on charitable activites
**Total expenditure**
Interest receivable
**Net income/(expenditure)**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**2024**
**£**
35,355
78,767
-
114,122
(120,651)
(120,651)
1,082
(5,447)
49,635
44,188|**Unrestricted**
**2023**
**£**
34,981
57,957
-
92,938
(103,059)
(103,059)
295
(9,826)
59,461
49,635|
|---|---|---|
5
05935857
## **ARC (Axminster) Limited Registered number: Balance Sheet as at 31 December 2024**
|**Notes**
**Fixed assets**
Tangible assets
5
**Current assets**
Debtors
6
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
7
**Net current assets**
**Total net assets**
**The funds of the charity**
Unrestricted income funds
**Total funds**|**2024**
**£**
989
1,096
44,104
45,200
(2,001)
43,199
44,188
44,188
44,188|1,550
50,444
51,994
(3,595)|**2023**
**£**
1,236
48,399
49,635
49,635
49,635|
|---|---|---|---|
The trustees are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Pratt Director Approved by the board on …......................
6
**ARC (Axminster) Limited Notes to the Accounts for the year ended 31 December 2024**
## **1 Accounting policies**
## _**Basis of preparation**_
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
## _**Going concern**_
There are no indications that ARC (Axminster) Limited will not continue in operational existence for the foreseeable future.
## _**Funds**_
Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specific purpose, and which the charity may use for its purpose at its discretion. ARC (Axminster) Limited holds only unrestricted funds.
## _**Tangible fixed assets**_
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery etc
20% reducing balance
## _**Incoming resources**_
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.
## _**Donated goods, services and facilities**_
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included. Goods donated for resale are included as incoming resources within activities for generated funds when they are sold. Donated goods not suitable for resale in the charity shop are sold by weight and proceeds from such gifts are included as recycling.
## _**Resources expended**_
Expenditure is recognised when a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.
## _**Costs of generating funds**_
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including those of the charity's shop.
## _**Charitable expenditure**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. Charitable expenditure includes both costs that can be allocated directly to individual activities and those costs of an indirect nature necessary to support them.
7
## **ARC (Axminster) Limited Notes to the Accounts for the year ended 31 December 2024**
## _**Debtors**_
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
## _**Creditors**_
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
## _**Pensions**_
Contributions to defined contribution plans are expensed in the period to which they relate.
|**2**|**Analysis of income**
**(all unrestricted funds)**
Donations and legacies
Donations and legacies
Other trading activities
Fundraising
Shop income
Auction proceeds
Insurance receipt
Other income
Grants
**Total income**|**Counselling**
**services**
**£**
24,750
24,750
29,394
-
-
1,384
30,778
-
-
55,528|**Charity**
**shop**
**£**
10,605
10,605
-
47,989
-
-
47,989
-
-
58,594|**2024**
**£**
35,355
35,355
29,394
47,989
-
1,384
78,767
-
-
114,122|**2023**
**£**
34,981
34,981
14,373
42,973
611
-
57,957
-
-
92,938|
|---|---|---|---|---|---|
8
## **ARC (Axminster) Limited Notes to the Accounts for the year ended 31 December 2024**
|**3**
**4**|**Analysis of expenditure**
**Counselling**
**Charity**
**(all unrestricted funds)**
**services**
**shop**
**£**
**£**
Management
Wages and salaries
69,384
19,397
Pension contributions
1,118
23
Employer's NI
626
82
Staff training and welfare
-
239
Travel and subsistence
397
-
Insurance
2,238
-
Subscriptions
919
-
Supervision and locum
9,072
1,236
Fundraising consultancy and costs
1,584
-
Sundry
-
846
Legal and professional
-
643
85,338
22,466
Finance
Bank charges
84
252
84
252
IT
Payroll and accounting software
145
145
145
145
Property
Rent
-
6,000
Rates and water
-
140
Light and heat
-
1,077
Insurance
-
872
Subscriptions
-
-
Repairs and materials
-
1,270
-
9,359
Office
Website
171
-
Stationery and printing
-
8
Equipment repairs
-
-
Depreciation
-
247
Telephone
-
789
171
1,044
Governance
Accountancy fees
353
529
Legal fees
765
-
1,118
529
**Total expenditure**
86,856
33,795
**Employees**
Average number of persons employed by the charitable company|**2024**
**£**
88,781
1,141
708
239
397
2,238
919
10,308
1,584
846
643
107,804
336
336
290
290
6,000
140
1,077
872
-
1,270
9,359
171
8
-
247
789
1,215
882
765
1,647
120,651
**2024**
**Number**
4|**2023**
**£**
76,190
1,414
552
197
-
921
974
9,384
542
-
643
90,817
240
240
156
156
6,000
200
1,059
616
-
1,012
8,887
171
74
-
308
711
1,264
878
817
1,695
103,059
**2023**
**Number**
4|
|---|---|---|---|
9
## **ARC (Axminster) Limited Notes to the Accounts for the year ended 31 December 2024**
## **5 Tangible fixed assets**
|**Cost**
At 1 January 2024
At 31 December 2024
**Depreciation**
At 1 January 2024
Charge for the year
At 31 December 2024
**Net book value**
At 31 December 2024
At 31 December 2023
**6**
**Debtors**
Trade debtors
**7**
**Creditors: amounts falling due within one year**
Taxation and social security costs
Other creditors
**8**
**Charity funds**
Tangible fixed assets
Net current assets/(liabilities)|**2024**
**£**
1,096
**2024**
**£**
489
1,512
2,001
**2024**
**£**
989
43,199
44,188|**Plant and**
**machinery**
**etc**
**£**
2,924
2,924
1,688
247
1,935
989
1,236
**2023**
**£**
1,550
**2023**
**£**
2,216
1,379
3,595
**2023**
**£**
1,236
48,399
49,635|
|---|---|---|
## **9 Related party transactions**
There were no transactions with related parties in the year and no trustee expenses have been incurred.
10
## **ARC (Axminster) Limited Notes to the Accounts for the year ended 31 December 2024**
## **10 Leasing commitments**
The charity's future minimum lease payments under non-cancellable operating leases are as follows:
|Within one year
Later than one year but within five years
Total|**2024**
**£**
6,000
7,500
13,500|**2023**
**£**
6,000
13,500
19,500|
|---|---|---|
## **10 Other information**
ARC (Axminster) Limited is a private company limited by guarantee and incorporated in England. Its registered office is:
17 Castle Hill Axminster EX13 5PY
11