TOTNES Tr•nsrtlr)n Town Totne5 Ltd Re8lslered Ch•iity Number 1138865 Company Number 06287039 Trustees, Report and Financial Statements For the year ended 31 August 2024
Contents Pa Legal and admln15tratJve Inlorniatlon Tnee5, report (incorporating ihe DlrectW5' Report) SlrKlure. Govtrnan¢e and Management Obiectives and Act&villes Achievements lo celebrate Projert and Group Reports Financial Review 15 Plans for fvturt perbtsds 16 Independ¢nt Ex•rnlnerf5 report 17 Flnanclal Statements Statement ol financial activities 18 BalarKe sheet 19 Notes to the flnanclal statemefits 20
Transltlon Town Totnes Ltd Legal and Administrative Information (The infomwthon below fomis part of tl* Trustees, Report) Status Trnnslilon Town Totne5 Itd15 a charlty reglstered wlth the Chaffthes Commisslon of England and Wales Trustees Charfes Harilngion Mary CoughlanQlarke Nick Roberts Sienna Lula Somers Helen Sirlde {appointed 19th January 2024 and fesl8nÈd 18th November 20241 Ctrordlnator Guy Erlacher.tkwning Charity number 113B865 Company number 06287039 RegSstered office and printipal address The Manslon 36A Fore Street Totnes TQ9 SRP Web addtess tra slliontowntotnes.o Independent Examlner Jason Milden FCCA Darnells Chartered Accounlanl5 30 Fore 5treel Totnes Devon TQ9 5RP Banker5 The Co-operalive Bank PO Box 250 Skelmersdale WN8 6WT
Transition Town Totnes Llmlted Trustees, Report The Trustees present ihelr report arod finafttial statements for the year ended 31 August 2024. The financlal sta¢ements have been prepared In accordance with the x(ountin8 policies set out Irb note I lo the flnancial statements and comply with the charitrfs Memorandtsm and Artlcles of Association, the Charities Act 2011, the Companbes Act 2006 and the Statement ol Recommended Practlce for Chanties applw'rrf FRS 102. Structure, governan and management Transitlon Town Totnes Lid (Trri Is a company lirnited by 8uarantee governed by its Memorandum ènd Arti<les ol Association and was Incorporated on 20 June 2007. It became registered as • chanty wlth the Charity Commisslon on 8 November 2010. The liablllty of the Members is limited. In the event of the Company being WOLtnd up every Member of the Company undertakes to contribute such amount as may be requlred (not excee(ling £10) to the Comwnvs 355ets. Trustee5. also the directors lor the purFJoses ol comparbv law, WI served dufin8 the year were: Charles Harrington; Mary Cou8hlan-Clarke: Nick Roberts; SiÈfina Lula Somers.. Helen Stride., (appolnied 19th January 2024 and fesi8rbed 18th November 2024). ment ondA tftnt o Trustees The Tiustees are eiiher elected at an AGM, or can be CQ•OPted by the Board durin8 the year. rrustee Ind rolni New trustees are given • copy of the Memorandum ar Arikles of Ass¢xlatbon. of Charity Commisslon advlce and requirements. of the latest accounts. and are explained ihelf rolÈ and (urrent 5trate8ic issues by an existlng member of the Board. continui Irustees are odvised of updates as they arise. anlsathonal Structure & How We Work I[LE0gr The Role of Trustees is,,. To ayee the organiglional budget and ensure that legal. finorKial. HR and other requirements are rnet. in particular to malntaln accountlng records, and lo woduce anfftl accounts and an annual report, To regularly review the 8overnin8 document and ohe charit(5 activiti4 and ensur¢ tlklt the charity operates within rts remit and objeclpies.
To (onsider the future sustainabillty of the or8anisati¢n- balancing what Is needed now wlth what wlll be red In the future. actlvety considerlng options relating to diversification and Income Éenefalion. en5urbl thai fundin8 teEle5 comply with Bood practke and ethltal ConsideratTr5. To ensure that the fundirInancIng Strategy ts Implemented effectèvely. The trustees meet most months (usually ten tlmes per annvml. Co.ordinatOf. finance aThl tt)rnmunications staft altend all or most trustee meetings, and all sull at lea5l one of more meetings, Io SUPPOft and Infomi the trustee Central to TfT is the Core Gr¢)up whlch rneeis monthly and comprises of a representali¥e from exh Project 8roup as well as rrr core staff and a rotating member of the Trustee board. Not all projecl 8roups Will be operationally active at any one tlme. but representstives may 51111 remaln actlve partlclpants in the Core Group. The purpose ol this 8roup is to: Exchange Infafmation. knowledge, arrfl Ideas au0$5 proiects and staff Contribult lo the plannin& development. and promotlon of Trr Support one another through emotional corbnert TTfpr Trr iniliales, SUPPOrt5 and Implements a varfety of prolerts whlch vary In size and scope. Irom one-off events. to anr)ual or bl-annual events, to multl.year and la-terM pro8ramrnes. Proiects receive advKe and practical 5UPPOrt Ifom Trr central staff in areas such a5 fundf41s1Tr8. financlal administration and managemÈni, stfate8y and Planni IT, •nd communltatlons, a5 required. Projerts are inltiated by Trr staff. or by existin8 Cofe Group representalries. or by oiher mernbers of our community who request support to get their own ]ect started, Once accepted as a Trr pfoject. new initiatives from community rnembers are usually invlitd to loin Core Group at an early sta8e {e8 planning I fuThdraisin81 but rt is not compulsory to Joln or atlend. and Trr proie¢ts vary In thelr relative autonomy. All proletts benefii from Trr Lld'5 Strong charity governance and financial managemehi. Lar8er projects moy have a part-tlmÈ Trr propcl slaff member fecwlte(f speclflcally for them. All projects usually rely on some comblnation ofTrr stsff. freelae help. Trt volunteefs. afKI other tommunity member5 1 partners. Some proRrts which emerge wrthln Trr conllnue to grow migrate away from Lid io fomi ihelr own IncOorated of84nisatlons. ntral sto TfT operates with a small tearn of part-time $ff who hdp run projects and pro8ramme5. fundraise. and 5UPPOrt the mana8wnent and 8overnance of the orgarblsatlorb. The leam IrKlude ctrordinatof: oifite manager I woiect 5UPPOrt officer; cornmunlcatlons officer. finance
ofllcer. This central team works from a srnall office In The Mansbon, Fore StreeL a s¥ community bullding. The Trustee5. In their meetin8s. have referred to the Charrtles Commlsslon guldance on Publk BÈneflt. Includlng the guiéance"public benefit.. runrbin6 a charity {P821" in making their decisions. This Is to ensure that the charltrfs actlwtles provide public benefit èrKI promote the Cnble obiecllves sel oul In lh¢ tharitrfs &overnin8 document. Rlsk mana ement The Trusteès and staff assess the rfsk io which TfT is exposed on a con¢inuou5 basts. Th15 include5 the on-8oin8 Monitori of reseryes Isee the resefves pollry below), Our mlsslo Transrtlon Town Totnes Ltd works to empower positive community actjon towards sustainable ¢ornmunlty development arbd Ifflpfoved k)col re5illence. We do thts throu8h participatory and educational projerts, events, and sernces promoting a low<arbofi. sust•inèble. economlc41 resi1nI, and healthy society. Transitlon Town Totnes Ltd provths e55ential re50urces and capacrty to enable and SUPPOft sh% and lon8.lerm projects which en8è8e thousands of participants each year auoss a fare ot areas wlth practical. community-level responses to our global ulses. Objecllvts and Artlvltlel O Charltable ob (a) The prornotlon of sustalnoble developmentfor thegublic iYne[It of the otiZen5 ol Totnes ond envlrons by 11) the consenvtion. protection t7nd Improvement olthe noturolenvlronment. ond the prudent use olncturol resources (HJ odvonclnq educatlon ondrolslnq oworeness of climote (lnge. re59urre s(grrty, tsodwersity los% sustoinable developmen¢ ond e¢onoffllt fesllleftce Iliil the promotion of community wnmitment to rediKtions in scorce resource use. in renewable energy use ondin qreenhouse qos emissions {IvJ the promotlon of sUStolnJble meorp5 of uctsewng economi( develownent oncl regenwatloft Iv) the preventlon or rellef of poverty orfinanclol hordship (vil the promotlon of sodol Indusion ond of reslllent mentol heolth (vii) the development of copoclty of sociolly ond economKally dlsadvantaydpeople such that rhey ore more resilient ond oble to participate m¢yefvlfy in society
Sustoinable development meons development thot meets the needs of the pre5en¢ cituens wit1ht compnyTPi5inq the oblllty olfvtvre qenerotlons to meet their own needs Ib) Anyother charltoble purpose deemed choritoble by the Chorlty C¢Vnm15on of Enojondond Woles thot the trustees moy seeAIt. Our vlslon is for a thr5v0 Inclusive and resilienl communlty that wofks in b•lance with the natural world on whlch we depend. Our work empowers local transition towardsa more susialnable, cari shariTr& and resilient communlty, Wè re4nd to the need for falrer et¢)rKJmles. restored e¢osystems, and just Social strurtures through a variety of èctlviiles in a pla(baSed leamlng procw to ctrcreate PolIVe ce. We aim this Wofk iowards IoD8-lerm stratesk outcomes". 11} A more just, mutually supportlve and inclusTrve community. 121 A fairer local e(onomy and Infrastructu Ihat mitwtts a8alnsl cllmate chan8e arKI seryes local communities and ecosystems. 13) Enhanced biodiversity for ecologlcal and community health. 14) Totnes is a more Infofmed. collaborative and dynamic commuThty. Our wo1* in To¢ne5 and Dlstfkt alrns to model the klnd5 Of èctlvltbes and Pro$se5 that can manifest in othef places. wlth the I(¥-t¢1M ¥lm to create fiagship projects whlch opens the doot lo further arnbit1s wowk both here and elsewhere. Thlrd or an Tron TfT Is the Conllltutional Cust(xlian ol the Tfansltlon Homes Community land Trust ITr order to protect the underlyin8 principle5 of the cornmuAlty land trust concept. in partlcular ensuring that assets remain avallable for ihe benefft ol th¢ local cornmunlty In perpetuity. Futu We sometimes Work wlth Freb0rtd. an independently constltuted 50¢ial enterprise which, as part of ils Work. provides pro£rammes for vi51tor groups intefesied In learnlng about Transltion. 11 voluntarity donates 2(WN of Ils profits from TrJnsitlon-related pro8ramm¢5 back into Trr. Our Kilvltks- summary The year has been a tumin8 point a5 we Jpproach 20 years of activity in Tolnes. We engaged In rbew strategic plannin8 through ihe Theory of Change. coupl¢d with securlrbg slgnlfkant fundln8 towards two years of stafl costs. We difertly reached more community members than many years prev•ou51y, in which the Toinés aimate Hub wès instrumental. Our multl.stage Community Reylience Forum brought community members together to explo lar)d use, nature recovery and Just transition. and new directions of
¢ommunity aciioffl arouThl nature recovery have been ins¢i8ated foi the forttrrtomlng 30x30 project, Mother Roots held it5 first large public evènt, showeaslng dozens of thought-provokin8 toniributs'ons as well a5 fishbowl con¥er5ations and a performarKe Irom the wonderful RedEarth Plaa¢k Theatre. We repeated some lèr8e successful events almed at svstalnable housing (Eco Homesl. fegeneratNe economics {Local Ertytrepreneur Forum). and renewable energy (Energy Wlsel. Each ol these events reached 21kn communrty members, crealin8 strongef local Tretworks. We had a couple larye projeet fundlng successes, IncludiTha £20k+ ratsed for the Totnes Climate Hub, and £18.S65 rnised for Increth'ble Edlble and related 3QA30. We enca8ed In commun¢ty outreath ihrou8h involvement To1$ Town Counclls, 5teerl ¢ommittees. speakln8 at Transltlon Together training events, a networking event with the coundl ot Vire IFrarKe). Providi iours to students of 8angor Unlverslty and visitors from acros5 the world. All ol whlth hlghllghted an excitln8 year of leamln8 and growth within the Ofganisatkm, and a conflnnin8 reminder of the impacts of our worK neartry 20 year5 on. Key Trr a¢hleven)ents to celebrate: Approximwtely 4050 participations In rrr actIty frorn community members and visitor5. New Theory of chèn8e created. The renewe(l Eco Hornes Weekend. showcasin8 19 homes a<foss Totnes and area, for the 8 event slnce 2011 to much excitement. Significant fundin8 SecUd towards the next 2 years. New project actlvily through the Communlty Resil+ence Forums which en8a8ed 93 resideni$124 new to Tm. includin8 6 local councillois. 200+ Wsitors aTrd residents atterbding a Transition Tour or related group actfvltles, Includtr cornmunrty members. wltors. actlvlsts, universitbps. school trips. and international tourists. Detailed plannlng for ihe forthcomln8 30x30 project to mana8e noluf¢ fecovery in Totnes whlch launched shortly after the yearnd. The Totnes Climate Hub celebrated bein8 open to the publk for a second year, provldln8 resources 4 days a week to 2.OSO vlsltors. On8oln8 support for the REtonomy Centre. Includlng some revampin8 of the spaces. Ih The 12 lal EntrePntur Forum. securing support for four sustainable local enterprlses. Participatlon of two KEVICC students SUPPOrtinA the Communlty Re5illerKe Fofum events and evaluation.
and Totnes Olmqte Hub (TCHJ The Cllmate Hub mei our otyertlve of openin8 4 hour5 per day for 4 days a week, with 2.050 vlsitors over the year. There is a large bank ol ovef 40 lU1)IterS, with • c(Ke 8roup of •pproxlmately 17 volunleer5 lUlarlY takln8 shlfts as Welcome Ho5¢k ThÈ Hub's events leèm have organlsed a number of well attended evenis over the c¢)urse of the year. including regular aimate Fresk trainlng and workshop5 whlch teach the scienee behlnd climate chan8e In an accesslble way. and regulaf drop.in sesslons with empert advice coveflnl Èner8V, rthical investments. gardeni, food. rewildin8 and other toplcs. Our 'Future of Food. panel dis(ussk)n In July at the Civic Holl drew a high callbre of panellSsts and over 280 attendees. 90% of respondents to a post-event suThey sald the event provided a positive learnlng experience. and 60% said it insplred them to Joln a local group working on14)od issues. The Hub's new websrte launche(l in March 2024 . stskeholder feedback includes "the new webslte is labulous... orbe of the clearest and most inviting aroundl Feels really accesslble - and Inlerestln8." We continued to Impfo4 the Hub spKe itself, with peryulns ar thdr'8lobe' ab¢)ve the extefnal door. and a h?PaInted illustrnted sl8n. (1 communltations programme Indudes a monthty newsletler1468 subsulbers). wlth a hi¢her- than avern8e clb(k-Ihrough fate. We also promote wme other local e¥ents hosted by alne groups vla our webslte and other means. Our Local Events each month Is hi8hly regarded and dlsplayed around the town. We have 4150 contribuied a Tegular article to the Totnes Dirertory most months. linked to Hub events or dlmaie lated Issues. The Hub ran a successfL•I fundraisin8 CaMpan for the Bi8 GNe Green Mètth Challern8e In )rll, vthich raised appioxlmatety £20.OCKI of fund5 lor the Hub. Dltr 60 local suppDrtefS donated to the appeal, wilh an average donation of £91. Thls was matthed b¥ a 8enerou5 pledge and chaMOn funqlin8 secured through the 818 Glve. Open Eco-Homes Is a weekend event allowin8 resldents to vSsit all klnds of sustainable and green building Ideas, and have thE Opportunity to speak to archite(ts. home owners. and bulldtrs who designed. applied for grants. arbd created the most wonderful homes in Totnes and area. 19 Eco-Homes opened thtlr doors agaln for Open Eco Homes event. marklng the 8th evefflt arHI first renewtd evenl since 2018. The weekend saw a totsl of well over 250 vis11s and 45 people s up to stay in touch. with attendees explorlTh8 a wlde range ol properties showcaslng Passlvhaus desian. solar panels, heat pumps. relroftt Insulation •nd 81all natural lyJlldln8 technlques. and rewlldlr* proierts. Attendees appreciated the opportunity to ask questions and hear first-hand experiefKes from homeowners. Feedbatk was 04Erwhelmin8ly p051tlve, wlth comments Ilke "People iakln8 part In (his weeknd have all been $0 enthusiaslic and (riendlf rellectbn8 the splrSt of the event.
One host said "what people are most interested In. is the heat pump. There is so much misinfomiation out ihere, in ihe media and social media. People want to hear what twre really like arld to Ltnderstond ihe costs. Hèvbng weekends like this help to disprove the misinformation". Another hosl reflected. Trre is someihing so heart-warming alx)ut this weekend. Everyone cares aboul the plarbet and is wanting to do NDelhing to help- all of the vlsitor5 were so Inendty and InterlIng af+d appretiative. It feli really good io be able to answer theif questions and make use of all of the research that we did In building our home." Others echoed similar sentimenl5. expressing joy in bein8 ae to share their homes and knowledge to in9)ire others towafd morè Sustainable choices. Cofflftwnity Re511ience Forum We recognised that there was a need for idea 8eneration and community connectlorn evenis to Inspire and In(ute Wofk towards Improvlng local reslllence. The Communlty Resilience Fofum (CRFI was a 3-parl interècts've event on the topics of Land-use IApfill. Nalure Recovery (June) and Just Tran5rt1on (Jutyl. The purpose was to Pfomote a more connerted and resilierji local community. It provided access to knowledge ihiough the support of high-profile expert speakers and throu8h interactivÈ debate anjund introduced (QfiptS. We rneasured knowfed8e ol the subjert before and after the evenl. demonstratin8 a 51eadv increase irb learnin8 al each event. This also showed us that participants came with varyin4 pre- eStIng knowlÈd8e- we ieathed not only locals who wèrè already famillar wlth the topics. but 150 ihose who were new to these key environmenlol discu$5ion5. Atlelldee5 rated the benefit5 nd impact the events had on them. with Kore hi8hli8hts being a posilive learnirng experience 19.41101. opportunlties for Meeti others (8.91101 and Inspirln8 en8a8ement In local actions {8.51101. Attendees commented positive on the fornut. enablin8 them to hear from speakers also learn mofe about local Initle5 and take part In group dlscussic•n. -Good venue. dynamv and "artlculaie pfesentations" (attendees, iand-usel "l enjoyed tho opportunity to sil around a table with different but equal votc¢< (attendee, Natu RKoveryl "It Was Useful for me io listen to the exPerIee$ of other grvup5 In Totne< lattendee. Just Transitlon) The CRF had several follow-up activitles: a Collaborat with the Inner Transition reading 8roiip who read two bgok5 ali8ned wrth the CRF topics, Js well as an addilionjl land-mappin8 Wofkshop whlch led to the formation of our new su&WOln1 group, Trnftsitlon Streets Tran51tion Streets took a well*èrned pause this year to rellect on the successes of 2022 arrfl observe potential next steps. We continued to host the website as a resource for Interested communlties and supported multiple £tovps across the LIK to set up Tranyts'on Streets inih'atives such as In wal and The Rivers DirKt Councll. We are rW in dlscusslon with local 8roups wch
as Devon CAG. Torbay Comrnunitbes. and Su5talnable South Hams, who themselves wlsh to roll tyJt the proheet beyond Totnes, Energywlse The alm of the Ener8y Wlse Show is to provlde prattlcal support and athlice on ener8y use. waste, and renewabfes. This was In re4nSe to the cmt1nu1 ener8y arbd cost of Iivlry crlses. as well as belng supportfve for helping our community to respond more qulckty to the clime chan challen8e. The objertives of the èvent were to help our community to: Reduce ils electrlcitv COSIS & Waste.. Reduce its depeThdenry on fossil fuel sourced elrftricily by shiftln8 to ferbewaljle eneryy sources & low cafbDn heatlng techrbologies. The event was busier than last year. li ran smoothly arnd we had a lot of posltlve feedback from both member5 01 ihe publK & stall holders. We had an attendance of 3(M)+ people kndudlw Ihe staff team. 14 speakers, ran8ln8 from Elfectlve Cllmate Mitigation and Embodled Emissl¢)ns Savlry to Future proofing home wlth grant fuTrdlng and How the Ener8y Local Totnes Club allows people to trade local renewable energy. Ath'vilies included TAESOC'S renewable ener8y experientlal learnlng for klds. The stall holdeTS were busy throughout the aften and Ihefe was generally a good lumoul for the speakers Ibetween &20 per t•lkl. We had 20 Stallholders includln8'. Cltizens Advice. Souih Dartmoof G)mmunlty Enerby. TRESOC Bloorn Re¢bles. Natlonal Grld. PH Hornes, MJM Arehltetture. £aNMYPro0rOfflrne.. Totnes REconivny Prolttt Th15 year rn4rked the 13th year ol tr Totnes Reconomy Proirft. With minlm•l hwts. it contlnues to provide useful Se1¢t5 fof local economy change a8entS. fe8enÉrati4 entrepreneu and IKal communlty mernbers in need of meetry and worklNd space. prole5siol networls, and convivialitv. REconomy Certtre Membership and usa8e of the Retonomy Centre continues to be populaf and steady. We've llxused Ihis year on Improving the space and the webslte. both prolerts conlinue pace and afe undertaken with local relationshlTrbulldlng irn mlnd. It has becorne clear. however, that chan8ln8 In the model and securlng fundlng are needed for this project to be sustainable into the futu. Slep5 are being laken now In that direction. coll01tn$ Some key collaboraiiw Continue, such as wlth Local Spark Torbay and the Recon¢>rnlsias, an InlernatioTral community ol pracilce. Over the past year ihese fe1allorhlps have been maintained while both organisations develop new opportunltles whlth may benefil Totnes. Relationships wlth these OfganisatiQn5 will be developed furthÈr In the corn1 year. The 12th io¢ol Entrtweneur FoThffl (LEF) ran In May. 2024, at the Seven Stars Hotel Ballro¢)m. Foul k*al green and soclal entefprlses pitched for community support . Totnes Pulse. E<0 Cars, Mama Tokus and Fresh Flour. Attendance was sli8htly down on previous yea, to around ICM), bul the event was still hugety su¢ce55fv1 as more than half ol attendees provided support totallin8 10
over £20.{ io ihe pilthers (loans. equity, grants. and In-kindl. Thls event continues lo add value to the local ecormY and InsplTe people here afbd elsewhere, Inner Tronshlon Inner Transttion acbvits are coordirhated by the Pulse group. whlth meets monthlv. We offered a fvweek Active Hope 8roup earty in 2024 in the Oimate Hub. 12 people attended and ihe group was well.recelved,' è smaller group has c¢)ntlnued to meet monthly to continue the explofations offered in the AclTh Hope book. The Pulse group coftlinues io hold a waiilng115t ol people Interested in Active Hope 8roup5, 50 thal we can promote any 8roups we run oursel¥es hear about elsewhere. We continue to provide mentoring lor rrr volunteers and staff.. thls Is to.ordlnated by a former member of the 8roup, in order to mjintain Complete confidentiality. 'TlmÈ to 8reathe' sesslons were held weekly, offering lime lor self-care and interpersonal SUPPOrt. The Irbner Transition book 8roup met monthly throughout the year to discuss books related to psychologlcal. social. and cultural reSPQfbses to the cri5e5 Of our time. . We held the annual event to hor)our Lost Species Day at the end of November. We walked to the Lile Cairn ènd back. with pauses on the way and at the Calm for sllent refltctlon. cÈremoThy. and sharing based orb the spiral of Joanna Marfs Wofk ihat Reconnert<. Several mÈmbefS of the Pulse group h•ve recently been tTrlniry to facilitate 'aimale Fresk,, a ourse OD understandin8 the science of the climate crlsls and how we tan respond at personal and community levels. The course 15 a Ck'mate Hub adivity ihat IldeS some exploration of the emotlofflal impact of the IftfonytIofi presented. Some members have also vOlunteed al the Hub and at Climate Cafe Mother Roots The Mother R¢)ots Community Ewagement Day took place on May 18th 2024 in the Totne5 Civic Hall. We presented a mixed media Exhibition featuring k)cal artlsts. and explalnlng our own work s Mother Roots, around Ehe lopic of Motherinc, bein8 Mothefed and communrty. We also ran the programrne of events. as dèscribed in our fundln8 application. alon8 with an Interartive Local Map
and a tended Grfef 5Ce. We opeffled up space for local oryanlsètlons thai offer a moth¢f8 role to communftv. Ovefall the day was very successful and well recelved. We had approxSm3tety 175 attendees ovef the tourse of the day. with lot5 of shar•ng and Ilstenin8 around the themes of motheflng and ¢ommunity. The majority of Interest was Irom parent mothecs and families. as lo be expecied Initially. There were many comment5 refle(ting a Sense of rellef, in bein8 seen. heard and atknowltdged as havin8 a valuable role and contilbutlon to make to widef communlty. Thert was also mwh appreciation of beln8 mei In community and mosl practlcalty, a central wblic on-commerclal space io gather safely in our town. All a5perts of the day provided opportunlties to reflecl on the pla¢e of parent molherlng and the wider motherln8 ener8y of connecllon to people and place that supports us all. The Carousel Councll was a Successful exercise. whith opeTred up rich sharlngs and holds much potential for future repebuons. buildir>6 Iard contributK>n to planning and dKisbon makin m Festlvol Thls autumn we held the 6th Tran5illon Town Toines Film Festirdl In much.loved venue. Totnes Cinema. This bfought together a new team of courbcll members. film makers, and hxal ctivistS to put on an Insplrln8 event. Thls included a full day of WOfk5hops, film5. and Insplratlonal talks. The event aims to brin8 people together through the shared love ol film and storytellin& to explore way5 in which we can Ilve more sustalnably in these tlmes of chanse. In the Morn1r wè joined filmmaker$ and 4nlmators Emll60 Mula and Edson Acero for a free workshop in stop rnotion anlmation. The afternoon Included two documentary films by Cornwall Climate Care irKluding'Food for Thou8ht' and 'Under the Surface.. both of which were introduced by the filmmaker Claire Wallef5tein. The third documentary was 'Drinkable River5'. whlch foifows Li An Phoa as she 5els oul to walk the Ith of the Rrver Meuse from s¢x•rce to sea. Prior to the screenin& we heard from Arta SlnM)ns, representi% Friends of the DarL The dty drew towards Its close wth Rob Hopklrfj Introduciw the film of the evenin8'Kln8 Coar. The event was a sold•OUt su¢¢e55, enga8lng over 200 people and buudirw conffle¢tlons between Trr and local 8roups. Ihe clnema. and Cornwall aimate Care. Th15 set the groundwork for following film nl¥hts and poteniial fe$1& In the future. With specific fundin8 outslde ol Incredlble Edible. other food events were Ilm1t th15 year. lo free fofa8in8 sesslon including cookiw advice from an ert In that field. We also maintain the Gr¢)wn in Totnes toolkit website. 12
In¢redlble £diye In additl¢)n lo the weekly gardening sessions, our autumn events kicked off wf(h a seed-sawn8 event on seed preservation. plus tlps and seed glvÈaway. This wès followed by apple.pressfrn& with an abundant hor4test and an attendance of 80 people. Through winter, we held seven 8ardenin8 sessions focussin8 on prunin8 In Ihe community orchafds. In eafty 5pr¢n8, weekly gardening sessions resumed and we worked wlih è team of fi've volmteefs to Create six raised bells for the childrerb of St John's School, BridEetown. We created the beds from local larch. processed by Bartons, a solar powered sawmill. Each of six classes has its own bed, and os 01 O(t 24 they ary all flourishing. We also partnered wlth the aimate Hub to put on a Sted and Plant Swap whKh this year included some fun activities for thildren including drawin8 plant-in5pired chalk art. This was followed by a Eardenlng and food.8rowing Q&A session at the Climate Hub, wilh 18 partlcipants. This was the first time we've run ihis parts'cular formaL and it was highly succèssful in terms of knowledge-sharin8 and enthusiasm. As summer unfolded. Incredlble Edlble were represented at The Future of Food Seminar. held in the Civic Hall, presenting our work to approximately 280 partpant5, The conversation was at times sobering. but olso a positive coll to arms lo people lo get irNolved in future food secur and reducing deserbfication from Industr1 food Pfartkes. We held two Garden lo Gourmet events at our Sieamer Quay garden. seTvlng up food harvested from the 8arden. These were In partnershlp with Food In Community. who bfOU8ht along surplus food and gleanlngs from local or8an4c producers which we gave away along wlth the lood we had prepared from the 8arden. Just before the year*nd we secured £18565 towèrds the 2024125 Incfedible Edible PfO8rarnme Ind to lurKI an expansion into new areas ol relaled work including 83rden-sharir4 and gardeni for wildllfe offl both prlvate and community levels, Totnes Cowortlng Collertlve Totnes Coworking Collective provided a onethy per week workspace in a beautiful 5ettin8, collaboration opportunities. and an enBa8in8 community for Iike-rninded remote workers maklng poytNe social andlor environmental Impact through Iheif work. Members reported benefit5 Of better focu5, better connection arbd creativityi and Increaslng thelr collertlve and individual Impau. unfortunate we dosed In April after ¢he owners decided they needed the space for altemative se (many thanks for thelr support and care over the 18 months of the projett>. The rnain thJllen8es were financial sustainabllrty whlle m4lntainlng affordabillty. Demand for the subscr1ptn.tsaSed model would fluctuate quite a lot. The main lessons learned were thal one day per is insufficnI capatity,. and that the subscrlption.based model did not work very well for some member5. Offle Member went on to set up an ahemattve co.workIr spate elsewhere •ften¥ards, operatin8 on a drop.in model. Educatlon progromme.. Tronsltlon fours Transition Tours prnvides a guided walk through Important sites of Trrs and kndmarks of hislorkal Interest. The tours vls6t some TfT projects aTbd some other projects In the fields of 13
renewable ener8y. community food growl. and local sustainable developrnent proleets. The touf a150 cover5 the Cultural context of Tolnes and the history of the Tr•nsltiOn movement and how It was desl8ned, up to Present day. Tours and related 8ioup acifvities a sometime5 PrOded In- house. but Irequently Pfovided by local rtfter social enteipri5e Futurebound, Partleipants ran8e from iDdlvldual residents and visitors, to or8onised 8roups Df sludents ar activists. Tour5 and related group ath'vities Ive increased thls year, wilh around 250 partKipants ¥ltendlng thls year. TTfcommunlcotlons wo9romme.' Communicatioris 5UPPOrt for pn)iects remalrS a key part ofTrr5 presence. In our local community and worldwlde. Awarerbess-ralslng activity Is undertaken vla webslles, social rnedla, newslettefs and the rnedia. both prlnt and online. . The rrr Webslte is fegularly updated with18test news and events. and a further three websltes are run by lunteerS specific to their projects. The rrr website performed well durin£ 2023124. Comparative Google Analirtics data for weviou5 years Is not avallable because the current website replKed an earlier vefsion. It will be èvallable going forward. Briefly, during ihe reportirl peflod there were 1.200 active user5 who ¥bent an average ol just overiwo mlnutes enca81 wlthcontent. Slightly fewer thèn hall of these vi5itor5 arrived at the web51ie after searchiw for hi8hly relevant eywords, which Indicates 8ood search en8lne optlmlsation. The remaindei came directly and deliberately to the site. which demonstrates good awaTene55 and familiarity. 21CK> vistiors returned more than once. • So¢iJl ffdia posts are plaeÈd across ihree soclal med44 channels, and vlslts eontiNe to rlse snificantly Year4KYear. co11¥ely, across all three channels, lollowers are èround IS.(XXI, slightly up on last year mainty due to i rise In Instsgram lollowers. Other 50¢1al medla aCtrtY data is UP 518nrficantly more, In addltion, some proiects run their own soclèl media posts. In 2024125. we wlll add Llnkedln and assess th¢ return on investment ol ilme and effort. A newsletler is sent every two months to around 14CKI subscribers. On aYeSe, open rates are between 4>52%, whKh ts 518nillcantly more than the charity seclof avera8e. We place regular articles In Totnes Directory. Totnes Times, Devon Lfve, and Reconnect Magazine. In 2024/25 we will be en8a8ln8 more wilh the Totnes Tlmes lournallst. We have also secured a contribulor l08in lor the Totnes Pulse to add articles and events thai are generalty approved. This15 a bi8 plu$ given the quallly ar+d credibility that Totnes Pulse has developed since It launched. St•ff and Trustee eharw We wekomed Dr Helen Strth to the board of trustees In ihe year. Our freelance Comms OffKer Alex Green left to pursue other adventure& and we wish her all ihe best. We w¢komed Oavld Barret as he stepped Into the role. The truslees would like to thank everybody who has contribuied to acllvltits In the year: Innumecable volunleer5. SUPPOrters. particlpants. group members. freelèncers. and 5t•ff. It has been another busy, active. sutcesslyl year thanks lo their efforts. 14
Flnan¢l•l revlew Totsl income for the year was £137.05112023' £8S,014). Thls was Wii 96% renered and 4% unfestricled12023- 58%142%1, Operational and finarKial management benefitted from £50k of 8rant lundln8 Intome beln£ reslncted to expendituie on staff and fundroi5in8 costs. Total 8rants recesved dunng the year amounted to £94.671 whkh was 69% of Incorne12023: £19.262. 23% of income). That figure benelitted from E19.465 being recesved just In the last month of the year. Crowdlunding donatlons and match furbdirb8 were £20.023 fof the Climote Hub 12023: £16,795. for Transrtion Sirettsl. A full list ol grants in the year is available al note 4 to the hnanclal stètements, and descriptioils of ihe relevant $tricted funds ai note IS. We wcMJld Ilke to extend our heartfelt giatltude to Ill our donor5, coTrtribvtors. and 8rnnl fvnders. £6.67615%} of income came from general donaiions12023: £12,891 {ISXII £14.815 (11%} of Income tame from charitsble adivitie512023: £12,569115XJ), and £86611%) ol our Income came Irom social Investment Income12023'. £896 Il%lJ. Investrneni income is naturally falling over t¥ne s interest-beaiin8 h>ans and investments to third party wganlsatlons are repald to us. ndlture: Total expenditure for the year lell xwrbewhat to £94.41312023= £102.419). DI¢t charilable actbvltles expendifure was £80.472185% of all eypendwlurel12023: £87,606. 86%). wthi15¢ fundraisin& 6overnance arbd support costs were É13.941115% of all exyndlturel12023: £14,813. 14%). Assèts Llabilltles •nd Reserv•s: Our T1 assets Itotal reSee5> rose from £109,413 to £152,051 over the year. as we ljuilt up resenfes primarlly restrlcted to stalf cosis. fundraising costs. the Climate Hub, and Incredible Edible. Creditor5 and other liabillt*s were 2% of net assets at th year end12023.' 2%). Our unrestricted general lund fell In the year to £17.47712023'. £24,778), mainty as a $VIt of planned expendtture of relatively high general funds brought forward. Unrestricted Idesignated) reserves fell from £2.048 to £1.248. The total of restFI(ted funds held at the year-ertrd rose lo E133,32612023- £82.5871. The tfi15tees are pleased to maintain a siroftg balarte sheet. 8ood unrestricted reserves in excess of polky. and eXlIent liquidity, ond continue to carelully monrtor forecasts and cashflow I 2024125. No funds wefe In deficlt at the ytar èrnd. Rewve5 Pol Board of Trustees contlnualfy reviews the reserves of the thaflty. Assets must be sulficient lo eftable the chanty to operate effectively and to covef any surn5 payable to 15
staff should they be mède redundafflt. The tharity ha5 a number of fesirlctÈd lunds: the purpose ol these funds 15 detalled In the notes to the financial Stalents. The Crity alms to hfAd at least four months, core runni8 COSt5 in reserve at all tlmes. Thls Is to ensure that ihÈ charity is able to ffleet all of fts legal obli8atioTrs should lundln8 be withdrawn. Plans for fvture perfods The charity will continue to carry on the work of promotiw sustalnable means of develownent and re8eneratlon, of consefvin6 and improvlng the envlronment. of rnlsln6 awareness of clxnate thange and relaied issues. of Worki wlth our community to reduce eneryrf use and ÈmlssM)ns. and ol buildin8 resilier)ce bn our local community. We will Ilo this by Implementing Pfojects and pro8rammes, and by developir% and exparIng •lllances across local public and private or8anlsatloTrs and other community iroups. Our work wlll tontinue to be Implemenled by staff, freelancers and committed vdunteers. Appioval This report ha5 been prewred In actordance wrth ihe Sp1•1 pro¥lsbDns relatlng io small Companles wlthin Part 15 01 ih¢ Companles Act 2(X)6. On behall the Board f Trustee5 Charles HarrlnR Dated 2111 February 2025 16
Independent Examlnées Réport to the Trust••s ol Trnmttlon T¢)wn Totnu Lld I report to the Trustees on my examination ol the financlal stalements ot Transitlon Town Tothes Lld for the year ended 31 AuSt 2024 which are set out on pages 18 10 29. RespoTrslbllttI and basls ol report As the Trustees of Ihè Chafty land also Is diieclors for the Pufpose of c¢ryany Iw) y(wJ are iesp(ffisibk lof the Pfeparation ol Ihe firtda1 slatemenls kn ac(darb ith iwwiremats rf Ihe compan Acl 2006 (the Ad). Havlng satisfied myself Ihal the n¢la1 statements of the Charity are not requlred lo be audrted urKlef Parl 16 of Ihe 21Xb Act and aro elyibfe for e¥arnination, I report in respecl ol my examinab'on ol Ihe Chafty's financd $tement$ carrd out under Secti[ 145 of the Charit Acl 2011 (tho 2011 Acll. In cartyftg oui my •xamInaln I have followed all the ¥pplicab Dwe¢ons gwen by the Charily c¢)nmiSs under sln 14S(5){b) 01 ts 2011 ACL Ind•pondent examlneV8 slatemenl I have comploted My exaMall0. I confifm that no matters have to my attenlwi In conn@cilon vAlh the eXaMinatK giving me cause to telieve Ihat in any mat.a] fespect. 1 accountsThJ red8 vffjre not kepi in réspect ol I Chanty as reqffjd by seclion 386 of the 2006 A¢1, or 2. the financlal statemts do not aemrd thos• r•cofds.' or 3. the finarKial statements do nol COM viith the accountiro requireménts of sectlon 396 01 the 20r Act other than any rewirerrl Ihal the a¢¢ounts givè a truè and faw vith¥ wh Is rK•t a mattel cOnsered as part ol an independent exammalion: 4. th• financial statements have not been prepare(I In a(dance the melhods and inciples of the Siatefflenl of R8commer+ded PractKe fof accounts'ng arKI reporting by dri1)es appIable to thafliles Nepafino accounts in accordance V•ilh the Financiol RepDrtmg Standard appkabl& In thé UK and ol lrnland {FRS 11r2). I have t)0 and have com? awss no oth¢f matters M) ¢onnectlon wth th• •xaMInaOn to wch should be diavm in Ihis repNt in xder to engble a wop¢r dersnding ol the financial statamonts to be reac1d. J Mlden. FCCA Damells. Chartered A¢n1•nI5 30 Forè Slr• Totrtés Devon TQ9 5RP Datè 17
TRANSITION TOWN TOTNES LTD STATEME14T OF flNANCL AcnvThes INCLUDING INCOME AND EXPENOITURE AccouKr Iw year ended 31 Auzust 2024 Urrfestrlrted A¢sirf¢td funds 2024 Totsl ld5 2024 Total nds 2023 Notes 2024 Donvin% & 8rants Charstable art4ltles Inveitfflent hKomt 4.488 L265 116,882 13,550 121.370 14,815 866 71.S49 12.wj Tgt•l hKom• 5.753 131.298 137,051 85x114 Costs ol ralslni fufids 5.149 5.149 4.792 Ch•rit•bk •rtr4rti 13.854 75.410 89.264 97M7 Totrl experrtliture 13.854 80.559 94.413 102,419 Nrt in¢omelle4)en&turt (8.1011 $0.739 42.638 (1780$) Tr•rtsler5 bet¥rten fvnds Net Mlment In Iw 18.1011 $0.739 42.638 117.405) R•a)nd11atb( of (unds Total lunds bfou8hi ft)rw4rd Z6,826 82.587 109.413 126.818 T41 Ivn¢ts Ufr•od loThv•ffd 18,n5 133,326 152,051 109.413 The stalefflent of flfb•n¢6•1 •dr¥ities also c¢mpf*s wlth the re9ubremen¢s lor •n Income and oxphdthjre •ccount under the Companies Aci 2(] 18
TRANSITION TOWN TOTNES LTD BALJ4CE SHEET a5 at 31 August 2024 2024 2023 Notes Flxed •Mets assets io 267 435 Currert assets Deblors C•sh ai b•nk ind In hand 30,356 123,942 34.646 76.920 IY,298 111,566 Credltm: laliry due ithin one ye¥ 12 12.5141 {2.$88 Net current •ssetslUi•bilities1 151,784 108.978 N¢t •ssets 152,051 109,113 F4mds Restriaed funds Unrest¥icted fund5 DeSnèled'. non-iestricted wolecls Gener41 fund 15 133,326 82.587 15 15 1.248 17.477 2.048 24.778 152.1151 109.413 The fornn¥ t5 entrtjed to ihe exempt Irom ¢he •udll reqU1ment contslned In secl¥Jn 477 of ihe Cofflyns Art 2006 for the year ended 31 Au8¥512024. No membei of the company has dewited è Trote, pursuant to 5eciion 476. requ•rin8 an audrt of these finaocial stalements. The directors •cknowled8e thelr ce5ponsibillties foi ensurin8 that ihe cofflpany keep5 accounting records whKh comply with sectn 386 of the Aa and for preparir accounts whAch Bive a true ar fay vthew of the state of affair5 of ihe company as al the end of the financial year and of it5 In(omin8 res¢urces and app1K•tn of reUrces. Indud1 rts income and expendiiure. for the flrbancial year In accordance with the requirements ol section5 394 and 395 and whbEh otherwise cofflp with the requirements of the Ctsmp•nses Act 2006 iel•tin8 lo ac¢ounts. so as •ppl¢able io iht comp•ny, These r?nancitil statements have been prePad in accordarfe wlth the prTr4lsM appfKable to companies subject io the Small companies ffgtme. These fina1)1 statements were approwed by the Tfus¢ee 8oord on 21* Febru•ry 2025 and 5&ed on thar behall Charles H4nhn8lon Slenn• Lul• Somefs rAxnp•ny re¥istratK>n No.1287039 19
TRAP4smoN TOWN TOTNES ITO NOTES TO THE FINANOAL STATEMÉKrs lof year ended JI A• 2024 A¢¢¢untirf Pollcles Ch•rlty InfonY10Tr TrnnSIiTr Town Totss Lid Is • ryfv•i• eomp•ny Iwniied try luarantee. hK¢ orat¢d in £nlfid & Wales. Re8151ered office: The M•nslon. 36A Fort 5ireet. Totnes. Devon TQ9 5RP 1.1 Ar£ountlni 1Ven1)n These Kcounts ha¥e been pfep•rnd In •¢¢tyd•nce wlth FIIS 102 The Financhl fteportlnl St•r4•rd •ppIKable In the UK and Republic of Irel•nd" I'FRS 102.1, "Accountin8 and Rep)rtI ty Charttw ih¢ Statemeni of Recommended Practice for ¢hafrts •pptylne FRS 102, the Cornpank5 Ac12(X)6 Ind UK Genefally A¢¢epted Accounting Practlce a$11 •pplles from l Jamary 2019. The charity Is a Publlc 8efiefii Enthy •1 do11r by FRS 102. The charfty has takerb 4dv•nl•8e ol the wovisions in the SORP for thailtles •pthlrf FRS102 Vpd•ie Bulletin I not to wepare • st4i¢mtnl ol c•sh IIow5, The accounts are prepaied In sterfin8 whlch 15 the filnctiol curreThry of th¢ ¢h•my. Th •¢ctyJnts hwe been prepared under the hlslort•l $1 ¢onw4rfJn. Th PrlnclI acttIn8 wllcles •dopled •re set out below. ) Incon fe$Ou Items of income art fewnls•d 4nd inthded In the K<ounts when Jll ol ihe lollthvln8 ¢nltr6• •re mel: the charity has enlttlemeni io the funds: •ny perfDm)once condtth)rfj •lt•¢hed to the ¢temls} ol incoffle hm been mel or are fully whhln Ihe c4)rfiol ol the charfiy., Ihert Is syffkleni certainty that recelpl r)f ihe I( Is cMslder¢d prob•ble' and Ihe amounl cin be ¥SUre reliably. No amounis are IrKlvdeé in the h'nantial sleMents for seThkes don•ied by ¥oluftteers, bl Rosowres expended Liabilits ale reco8nlsed as re50L•rces expendèd •$ sn •s ihefe Is a legal 0rcon5tfUrte obltbon ¢(xnmttlpng the charity to the expend+lure. Expendilure is •c(ounted on the ac<rua15 basls. Expenditure includes VAT which Canfi be teco¥efed. Charrtable expendiltsre comwises those cosls incurred the ch•flty ift th¢ delfvery of its actl¥itles. It Includes l)oth <osts un be allocated threctly to such adl¥ltles 4TrJ those costs ol an indrt nvre necesurylo svppon them, Go¥trnJnce costs include thtxt co$ •$$1•1•d wllh meelin8 tonstltutlonal and 51alulory feqvlrements of the charty and Include th¢ Indep¢ndtrt ex•mlne<s fees and costs linked to the slr•ie8iE marba6erneAt ot ihe chaTrtv. All Costs •re •lhxaied between Ihe expenditurn Ute11¢5 ¢f the SOFA on • $1$ desied tu wef the us¢ of ¢h¢ resource. Costs relatHw io a particular aclivity are •llociled difeaty: others •rÈ apportIor1 Qfi •n •ppropiie ba515 e.& time orestlmated usw. l Tarylble Flxod Ass•ts Tan8iblt fixed x5ets ale stiled at c¢st less •c(umulated depreciation. Oepfeciat•ofi ks provlded ?125% ol net book ¥ae on all tan8lble flxed •ssets. 1¢ wrlle off assets fftr estimated useful li¥es. Plant •Dd m•chlnery still under le8al IM1$hiP leased to ihKd parties under a hlre wrchase weemerf afe tfe•ted as hire purchase de assets. 20
TASITION TOV114 TOTNES LTD PIQTES TO THE FINA14CIAL ATEmENTs lor th• y•ar •nd•d 31 Auswl 1024 Stocks and worfE In proy•ss Stock5 are valvtd al the Irw1 d $1 •fid fiti ¥1$•bIt v•lue. 4fter m&kiw due allowance lor obsoltte •nd slow movin8 sl+xIs. •] 0yr•ll leases Rentals applKable to opetatlwd leases Whe subst•ntrally oll of the benefits •nd risks ol owTrèrshlp remain with ihe It5sor a chac8ed agaiRsl pfotits on a strnl8ht IIDe $1$ over ihe pefW)d of the le•s•, Fd J¢countiTrg Funds hehl by cha1 COMn¥ ar •Itr. - UnrestrKted ¢tnef•l fun(ts- these funds c•n be used In further•n¢e of the charliable obfrdl¥e5 at the distrelio•i ol the Truslee Board DesTh•ted funds Ire unrestrltted funds that have been desiftaied for p•rttul•r purposes by ihe tfusiees. . ReslriC(ed fvnds- these lunds can only bt Itsed forthe particular rested purposes wlthin the obR¢ts of the charity. ftesinctlons, whKh afe legally &'ndin& arise when spetrfbed by ef whefi fvnd5 are rat5ed for particular re51ricled pvrposes Th2 aim and use ol each restricted lund Is set out in the noie$ 10 the fin•rc41 st•temenl%. Translers to or trorn restritted lunds are only midt where • beill ty consi11¢ otyaib)A h•$ artsen requirm8 a tf•nsler to be rn•de. Il D•btor% Trade and other debtofs ¥re recniSed at the settlement amount due after any tT•de discount olftred. Prep•yments are valued at the èmount prepaid aftef takir4 xcount of any tfade discounis. Hlre ptsrch•st debtors •re where third parties have leased plant and machiry ond Ihe nsks and rewards of owDtrshlp have passed substantialty io the third party. and •re v•lwd t the iot•l ¥•fve ol lulure payments. discounted for any pro¥isMin •8•$t doubilul debts. h) C•sh at bank nd in hand Cash at bank •nd In hand in(deS ush Ind short terni hlghly Ilquld Investments with a short maturity ol three monihs or less Irom date of •cquisttion Of openlng of the dep05rt or similar actount. l) Creditort •nd prowisths Credrtors and Pfovisns art t08Th1$¢d whefe the charity 4 piesent obl¥41 rtsultihi from • st ¢vent thal wlll probJbty result in the transfer of funds io a ihird party and the •mourti dve io 5etile the obligation can be rneisured or tst¥nated reli•bty, Creditors •nd provlsions •fe fvomully ieco8DiSed •t their 5eltlemeTht •mount aftér lOW1 lor •ny tr•de di5couhts due. FlnafKi•I instrum•nts The chafrty c*nty has fiThan¢l•l •sstts and l111111es ¢1 a klnd that qualrfy as bask fina131 IAStruments. Baspc linaTrcs•1 Instruments ire Iniil•lty recogntsed at iraTrsactson value and subsequentty measured at Ihtir settlement value wilh ihe exception of banks loans Wh are yjbsequentty measured at the rryln8 value plus accrueé inierest less repayrnents. The finJnclry th•r8e to expenditllft is at a lani rate cjfcul•ted USU ihe effectpèe interest Meth(. Legal Sta$ of the Chafity The charrtable company ts th'mited by gu•r•nttt •nd does not h•Ye • sha cap61)1 In the event of ihe company being Wnd up e•ch membef. or •ny perwn who has ce•sed to be a membei wlthin one year of ihe up. undert•kes to ¢1(rlUt¢ • sum not exceedini £10 If the cmipany is ltss¢fvent. 21
TAANsrrioN TOWN TOTNES LTD PIOTESTO THE FINANUAL STATEMEKrs for the year onded 31 2024 3 Nel kn¢)m• lor the y••r Net In¢(Mne for ihe year 15 51aled aftef Oeprttiatbon of tan8ib issets Loss on dspos•l ol t•ngiblt assets Indewndent Examlner's fee 1024 2023 89 79 144 4 Oontlony & ir•nts 2024 2014 2024 Unrertrirted Restrlrtod T•t•l 2023 Totsl Oon•t•ons.' VfiOUS Benvol dorbknr4 le8acy Income re<elved Crowdluf•din¢ dn•1nI 2.188 6.676 12.891 22,601 16,795 20,023 20.023 22.211 26.695 52.287 Grnnts.. Anon ch•th•b trust Pl•iion•l Loitery Awan15 for All FrederKk MuldEr fouTrdatlon Tr•nslllOn Toeeiher ITran3itth) Networ H4lleri• Fourthtion Ttstne5 Town C¢)uncil Den CC cou5110r$, loultv v•Tht$ Co-op Ctsstomer FuThl South Hams DC Counallors. loultrty 8ranll Devon Community FndItIon Toinu T¢hvn Counc HOrnn Famil¥ Trust Elm8rant Nofm•n Lbt•f•ture Works 50,ffj) so. 18.565 18,565 10,3C(I IOJIX) 5.000 5,1 s.1J 5.(XlO 2.456 2,456 1,8SO 1.850 I,cw i.r 3.312 L500 650 94,671 94.671 4,488 116,882 121.370 19,262 71,549 Tot•1 Oonatk)n5 & Gr•nts 012023 irants, nil w•s Unrestred and £19.262 w•$ re51ncted. 012023 dQmtkn. lrf•des criyAfvndin8 don•th)ns. £33,204 w•$ unr•sifltted and £19.083 was re5trkt¢d. S In¥•stm•nt In¢om• 2024 2024 unrerIrted R•strfrt•d 2024 Total Z021 Total Lfi Inltresl 866 866 896 896 Of the ban interest lof 2023 •ll rtslrl¢t*d.
TRANsmoN TOWN TOThES LTD NOTES TO niE FIP4ANCIAL 5TATEMEPIT5 lor th• y••r •nd•d 31 Aueusi 2024 6 T•¥•t The company ts • rn¢lslered chlnty •nd Is thtrefoft not Itsb to corpo¢•tiOn 14M ¢D lis ¢h•iit•blt ineomt. 7 Incoffliry resources frorn Ch•rll•ble acti¥ilioJ 2014 2024 Unr•stiI<t R•stri(t•d 2024 T•1 2023 T•l•l venls tnc¢me Tours Feed in Tariff Incorne Sundry incoffle 138 1.127 1,540 74 4.135 7.801 13,550 1.678 1.201 4.135 7.801 14.815 iio 820 2A28 9.211 12.569 1.265 Olthe I1)1 fesources kn 2023 É2,$87 wa5 1111(estrlcted and £9.982 was restrKted. 8 Total Tte5 tNpendEd 2024 2024 Unrtstrtded ReMTk¢•d 2024 Tx•I 2023 T+x•I S.149 5.149 4.792 AdNii*S undenaken dlrect Support Costs Totsl 12.064 68.41 7.(K12 80.472 87.61 9.037 %.643 12,870 88.280 Govern•¢ 984 13.854 80559 94.413 102,419 (X the resoufcos expended lor 2022 £35.545 4¥as vn¢estrkt•d and £66.874 w•$ rtSifl¢t•d. 23
TRAN5moN TOWN TOTNES LTD NOTES TO THE FINANaAL STATEMENTS lor y¢•r •nd•d 31 Awust 2024 2024 2024 2024 2023 Vnrtstrfct Tot Totsl Prolect CQ5ts (incl freelan(e ftesl Events {lThcl wthmot•ofi •thd ¥tny t4XtsI Website costs Stall co$- progrnmffte and proJert5 R•nl. council tai ulifrt•E5 Ir4tsr•n Repalrs and renew•h Depfeclatlon on fixtu. flttks •nd tqulw•ent Char8ell8ainl on disposal ol talble Sets 13,735 2.421 3.316 40.072 8,727 16,335 12,274 2,750 3.954 4.682 1.324 42.646 56.445 13.284 12.076 424 329 1.366 2.57d 4.557 163 18 35 71 31 68.408 198 89 144 12,064 80,472 87.6C6 Costs Staff costs- finance & Pro gjppon Recwitrnent & irninln8 Tbtphtsne •nd knlemet Prlntln& pts, st•twn•ry Travel SUb5criptKm lind software) ProlessK>nal fees 5unth eKpenses ]11! 5.927 5.927 229 6.961 229 75 35 338 413 3S 439 458 177 159 336 325 290 578 7,1 764 9,037 Costs ol Gen•r•llry Funds Fundr•i$l siaff costs Other futsdrnlslr costs 269 L269 2,880 5.149 2,792 5,149 4.792 EX•m1¢S f•es Staff costs above Inc1 É9.08112023 £ 10.6541 in feSWCt ol one part.timt $1 urbdertaken for 11 M£th5 ty a freelance c¢)fitTac¢or but ex¢lud¢d from ihe emthmenl cosis out note 13. 24
TrANsmoN TOWN TOTNES LTD NOTES TO THE FINANCIAL 5TAIEMENT5 tor the yt•f ended 31 Au8ust 2024 10 Ynilbl¢ fix¢d sstts Equlpm•rt 5.114 At I Sepiember 2023 Addrtn$ year D¢'sposils In ye•r AI 31 Au8115t 2024 2,748 Depreciat6Dn At I September Xi23 DeprecIatn eliminaitd M disposals DeprecthtK)n charge lor year At 31 August 20241 4.679 12.2871 2.481 N•t bo)k lu At 31 August 2024 At 31 Au8ust 2023 267 435 li D•bt¢ 2024 2023 Tf•de debttsfs T•ye5, sociol secunly & S1•tory wyments rectyer•bl Hire purchase debi¢r hef debtors Prepayments aThl ac(rued Incomt 10.143 4.560 9.102 io.( 10.575 17.51x1 2,011 34.646 30.356 Hlre puiih&se debior k*S¢nI$ finI¢S dye und•1 •n •8retmefit foreertabn tixed assets le•5ed •nd used Dartln8ton Mill CIC of whl¢h £2.276 is due wlthlfi one yeir12023.' EI,6061, £6.425 wiihln 2-5 Yea {2022: £6.425). •nd £4011s dvt 4ftw mort Ih•n ftse ye•rs 42023.. (1.5441. Oiher debiws repre5tnl • lo•n lo O•rt Renewables Ltd of whith £7.5 b levale èfter more th•n OTh• ytir12023: £10.IYXII. 12 CfedIto. •mwnts f•lllThg wlthln on¢ yt 2024 Z013 Trade CfedrtOT5 Taxes social securlty Costs Accruab and deferred Income Oihtr CTediiors 233 GS3 984 644 1,2 401 2.514 25
TRANsmoN TOVIN TOTNES L70 NOTES TO THE FINANQAL STATEMEI47S lor the •T •nd•d 31 W 2024 13 Trustees and emthe N¥mb•r ot •mployeeJ The 4wera8e number ol ernplw duikn8 the year was 4 part.tlme ernpkyrte512023: S part.timel. amount1 to • full-tkne equlv•lent ol 1.5 wsts12023: 2.0 postsl. In a¢IllOn. one freelancer served under a iempcwary t¢nirad 1¢¢ strv6cts. to undertake a role chssed •$ • stam r¢le- thls excluded from empl(ryee <ount •nd tmploymont COSts in this note. Ixrt wKluded within starf costs for the Pufposes of note 9 in ordef to wovide o Irue and falr vl¢w, such ¢osts •movntiry 10 £9,08112023 f 10.6541. &nd ilfflo •mouniir4 to • lull.thv•e equlvalenl ol 0.3 pDsts12023." 0.3 postsl 2024 2023 5al•ris Si4tutory P•lernity p•y fec0rab Pensbn ConiritMrtlons- defined r¢ntI1bknn 5dm N•tlon•l Insurance contribjtions 10.701 54.451 13231 1.417 41.761 55,$45 Ther¢ wert Thoemthtes with emennts over £GO,CKM) (2023: nlll. Trustees vemuner•tlort and r•lrnburs•m•nt The Irusiees re¢eih*d no rtrnuneratlon {2023- ThDf leimbr$ement of exptnso$12023: nill In the y¢ar. N¢¢ Rxed current assets •ssets T+x•I Dested fvThd: non-feslrtcied P¢¢ Genef•l fund R•stri¢ted ldI Total funds as at 31 Auaurt 2024 1.248 1.248 17.421 17.477 211 133,115 133.326 267 151.784 152.OSI 26
TRAN%TiIX TOW14 TMES LTD PKITES TO TME FINA14CIAi STATEMENTS f¢f thè ytar en&ed 31 2024 IS S4wTrmwy ol fflowm•nt in fkwKIs The restrKted income lunds of the ch•rity •rT51rf throW rts •rtwrtles •¢t •$ 101kn,. mvnlty Enefly l¥anous) or the promotlon ol tornmunity commitmenl to reduct$ in .renewable ¢ner8V Use lim•le Hub l¥•rknt51 o establish and operate ihe aimate Hub. for our commuThty to espond to chalJen6es ffl0 effe¢tNety •nd io8rthtr, o lund som of iht ¢osts ol tht cNt staff ie•m e staff14Thon tharitablè tTUStI nCredle EdiblÈ IrIOuS o plant ittes ènd io crt•ie publlc irowlry spaces fof edi •iovnd Tolnes Ictyr Ihe tsenef of the mmUnIty and the isiting pubk. o lund food-wtlated pmjects and èclNrties, Idated FoDd fund Ivariou5} year boo IF Muldef Foundatk)n) o tsnd ihe and publiCatn of a bk celebratry 20 ears ol Trr Ilm Festl¥al l¥arla4t51 o lund luture TTansitlon Town Toines Fikn Fostfvab r•nsition Streets Iv4fM)YS o upd•ie 4nd operite a $m•lier41¢ roll.oul of ihe prevlously ¢¢essfvl Tf•n51tl¢n Streets profrert. Ilm Club Ivarlousl o nd film nht5. ranSitn Streets 1TraTh$rtn Together o help fvrKlraise lof Transitioth Stmts pen EcoHomes {v4riousl o lund Ivture Open Eo>Hom¢s wÈeker•ds om¥ Ctntrt {us¢ coptrlbutbohsl oluni•ry ¢ofitrlbutthofis ffom usery of th¢ C¢nlr¢ forwoikthow. Ilny •NI desk space. o fvnd • series of lorums and promotlrq drflerent spects of community resiliénte or c•pli•l ¢qulpment to wppm v•raous proJe(ts rnmunity fteslllenre Forum5 To8ethefl n¥est kn l)•vM C•pil•l funds IDe¥on CCI Ther8yWise {v•ritiusl o promote elfidencv. otbef Roots Iv•ilous pfolecl to ue•ttr4ety explore role of rnothefin8 in nslilon W¢rk lus•r ¢¢niAknlofisl ¢ provldtr • shafed Works¢ ffeelatKefS and remote er$ 51rNlng to make a positive wdal of environmentsl ihrough their Work Shed IB* Lottery) o supp¢)rt iht setlm8 up of • loc•1 food hub1sKoJe¢t ended.. siduol fixed se1$ onWI 27
TRANSITION TOWN TMES LTD 140TES TO THE FINANCIAL STATEMEPnS lor the year ended 31 Au8usI 2024 IS Icor•tlnuodl The rno¥emefits cl lunds for the ytsr eDdd 31 A4ust 2024 were ftllows.' Incomi Outiol Cofflmunlly En•1 Clbmale Hub Core starfl •non clHritable tnjst Incredible Edlble Consolldoted Food fund 20-Yt8r tA)ok Film Fesilval Ti•ftsrti¢n Stttets (various lundsl Fllm aub Tnnsitlon StrEets ITran5kk>n Ti)8etherl Open EmOm RecoTromy Centre Commvnity Ruilience Forums In¥e5t in Devon Caph•l fund$ Entrgywise Mo¢her Roots Cowork Food Shed 35.683 14.757 5.CK12 24.768 110.4721 110.9621 122,8801 18,4071 fl,392} 11.2381 11,2211 12.1701 30213 2&563 27.120 18,481 11.353 7,762 2.299 11745 24.589 9,IX)O 498 (5451 4,767 1.382 L087 J.17J7 771 1,750 I,(8 5.121 19411 16.2471 {4.737 171 [1.773 lJ,270 {2.750 1301 80.559 624 563 211 123 282 L335 L971 114 2.561 2.636 82.S87 13L298 133.326 ljnrttlrfrted Destgnated lund: rton-re51rk¢ed Pf•¥ect Gen¢r•l fufid 2.048 24.778 26.826 1.248 17.477 18.725 S.753 S.753 113.0541 113.8541 5¥ffklent res¢)UfCeS ave held lor tach fe51rkled lund kn •n apw•wAte fonn to enjble lunds to be aPF4led In Kcord•nce wilh the restrirtions. De$lAned noTrrvJtrkleé proitct lunds repfe5ent amoufits held lor expeftdlturt ty Ihntr Trnns*ion Ind ReconomylFulurebound l¢lnl prole¢t. 28
TRANSMON TOWN TOTNES LTD NOTES TO THE FINANaAL STATEMENTS ye•r tndtd 31 Au¢usi 2014 15 Iconllnue 17 Control The charliabk cornpny Do sln8le controllry rty. 18 Related partytransartlms There wwe no relaied party transxtlons that require disdosure12023- nill. 19 P¢>st balance sheel eTrts Tht ttustees do thoi consider ony post-balonce sheet events to be material to these 4ccounls. 20 Fln•nd•l tommltments AI 31 Au8usI 2024 Ihe fulurt mlfihmum lease pèym¢nts under non<•TrceMable opw•tlry leases w•5 £2.330 due wrthin one year12023.' £2.4651. 29