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 Tn￿ee5, 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 Artirnlsias, an InlernatioTral community ol pracilce. Over the past year ihese fe1allor￿hlps 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 ecor￿mY and InsplTe people here afbd elsewhere, Inner Tronshlon Inner Transttion acbvit*s 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 I￿l￿deS some exploration of the emotlofflal impact of the Iftfony￿tIofi presented. Some members have also vOluntee￿d 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 5￿Ce. We opeffled up space for local oryanlsètlons thai offer a moth¢f￿8 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 I￿ard 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 I￿th 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 e￿rt In that field. We also maintain the Gr¢)wn in Totnes toolkit website. 12 In¢redlble £diy￿e 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 part￿pant5, 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 Industr￿1 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 subscr1pt￿n.tsaSed model would fluctuate quite a lot. The main lessons learned were thal one day per is insuffic￿nI 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 PrO￿ded 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 I￿ve increased thls year, wilh around 250 partKipants ¥ltendlng thls year. TTfcommunlcotlons wo9romme.' Communicatioris 5UPPOrt for pn)iects remalr*S 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 ff*dia posts are plaeÈd across ihree soclal med44 channels, and vlslts eontiNe to rlse s*nificantly Year4K￿Year. co1￿￿1¥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 aCtr￿tY 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 aYe￿Se, 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% re￿nered 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 ￿$tricted funds ai note IS. We wcMJld Ilke to extend our heartfelt giatltude to Ill our donor5, coTrtribvtors. and 8rnnl fvnders. £6.67615%} of income came from general donaiions12023: £12,891 {ISXII £14.815 (11%} of Income tame from charitsble adivitie512023: £12,569115XJ), and £86611%) ol our Income came Irom social Investment Income12023'. £896 Il%lJ. Investrneni income is naturally falling over t¥ne s interest-beaiin8 h>ans and investments to third party wganlsatlons are repald to us. ndlture: Total expenditure for the year lell xwrbewhat to £94.41312023= £102.419). DI￿¢t charilable actbvltles expendifure was £80.472185% of all eypendwlurel12023: £87,606. 86%). wthi15¢ fundraisin& 6overnance arbd support costs were É13.941115% of all exyndlturel12023: £14,813. 14%). Assèts Llabilltles •nd Reserv•s: Our T￿1 assets Itotal reSe￿e5> rose from £109,413 to £152,051 over the year. as we ljuilt up resenfes primarlly restrlcted to stalf cosis. fundraising costs. the Climate Hub, and Incredible Edible. Creditor5 and other liabillt*s were 2% of net assets at th year end12023.' 2%). Our unrestricted general lund fell In the year to £17.47712023'. £24,778), mainty as a ￿$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 eX￿lIent 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 Stalen￿ts. The C￿rity alms to hfAd at least four months, core runni￿8 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 expar￿Ing •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 Sp￿1•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 A￿uSt 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 firt￿da1 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 $t*ement$ carr￿d out under Secti[￿ 145 of the Charit Acl 2011 (tho 2011 Acll. In cartyftg oui my •xamInal￿n I have followed all the ¥pplicab Dwe¢*ons gwen by the Charily c¢)nmiSs￿ under s￿l￿n 14S(5){b) 01 ts 2011 ACL Ind•pondent examlneV8 slatemenl I have comploted My exaM￿all0￿. 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 re￿d8 vffjre not kepi in réspect ol I￿ Chanty as req￿ffjd by seclion 386 of the 2006 A¢1, or 2. the financlal statem￿ts 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 rewirerr￿l Ihal the a¢¢ounts givè a truè and faw vith¥ wh Is rK•t a mattel cOns￿ered 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 d￿ri1)es appI￿able 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• •xaMIna￿On to w￿ch should be diavm in Ihis repNt in *xder to engble a wop¢r ￿ders￿nding ol the financial statamonts to be reac1￿d. J Mlden. FCCA Damells. Chartered A¢￿￿n1•nI5 30 Forè Slr• Totrtés Devon TQ9 5RP Datè 17 TRANSITION TOWN TOTNES LTD STATEME14T OF flNANC￿L AcnvThes INCLUDING INCOME AND EXPENOITURE AccouKr Iw year ended 31 Auzust 2024 Urrfestrlrted A¢sirf¢t*d funds 2024 Totsl l￿d5 2024 Total nds 2023 Notes 2024 Donvi￿n% & 8rants Charstable art*4ltles 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 M￿lment 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 T￿41 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 BAL*J4CE 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 DeS￿nèled'. 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 forn￿n¥ t5 entrtjed to ihe exempt￿￿ Irom ¢he •udll reqU1￿ment contslned In secl¥Jn 477 of ihe Cofflyn*s Art 2006 for the year ended 31 Au8¥512024. No membei of the company has dewited è Trot￿e, 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 sect￿n 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•t￿n of re￿Urces. 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 prePa￿d in accordarfe wlth the prTr4ls*M appfKable to companies subject io the Small companies ffgtme. These fina￿1)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.1￿287039 19 TRAP4smoN TOWN TOTNES ITO NOTES TO THE FINANOAL STATEMÉKrs lof year ended JI A• 2024 A¢¢¢untirf Pollcles Ch•rlty InfonY￿10Tr TrnnSIi￿Tr Town Tots*s Lid Is • ryfv•i• eomp•ny Iwniied try luarantee. hK¢ orat¢d in £n￿lfid & Wales. Re8151ered office: The M•nslon. 36A Fort 5ireet. Totnes. Devon TQ9 5RP 1.1 Ar£ountlni ￿1Ven￿1)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 ¢hafrt*s •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 filnctio￿l curreThry of th¢ ¢h•my. Th* •¢ctyJnts hwe been prepared under the hlslort•l ￿$1 ¢onw4rf*Jn. Th Prlncl￿I act￿￿tIn8 wllcles •dopled •re set out below. *) Incon￿￿￿ fe$Ou￿ Items of income art fewnls•d 4nd inthded In the Knal 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 Inc￿1￿ É9.08112023 £ 10.6541 in feSWCt ol one part.timt ￿$1 urbdertaken for 11 M£￿th5 ty a freelance c¢)fitTac¢or but ex¢lud¢d from ihe emthmenl cosis out note 13. 24 TrANsmoN TOWN TOTNES LTD NOTES TO THE FINANCIAL 5TAIEMENT5 tor the yt•f ended 31 Au8ust 2024 10 Y*nilbl¢ fix¢d *sstts Equlpm•rt 5.114 At I Sepiember 2023 Addrt￿n$ ￿ year D¢'sposils In ye•r AI 31 Au8115t 2024 2,748 Depreciat6Dn At I September Xi23 DeprecIat￿n 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•t￿ory 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$ fi￿nI¢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 le￿val￿e 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 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 eDd*d 31 A4ust 2024 were ft*llows.' 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 E￿mOm 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$lAn￿ed 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 e￿Trts 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