Regi$terÈd numbei: 07546840 Charjty nUmr. 1140896 TORBAY COMMUNITY DEVELOPMENT TRUST LTD *I..I' IA Company Llmlted by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
TORBAY COAqMUNITY DEVELOPMENT TRUST LTD IA Company Limited by Guarantsel CONTENTS Page Refernnc& and Admlnlstratlv• Dotails of the Charfty, its Trusts8# and Advlsors Tru5tses' Roport Indap9ndent Auditors. Rgport on th• Financial Ststsm•nts 9-13 Ststrment of Financlal AdlYltlo$ 14 Balancè Shoet 15-16 Statsment of Cash Flows 17 Not•s to the Fin#n¢ial Statémonts 18-45
TORBAY COMMUNITY DEVELOPMENT TRUST LTD IA Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023 Trnstees N S Williams, Trustee (appointed 28 November 2022. resigned 31 October 2023) J Colin, Chair S J Martin, Tru$tee J K Gunson, Trustee R J Higman. Trustee A M fvlanning, Trustee J W Parker. Trustee Company reglstyrod number 07546840 Charlty rnglstsr•d number 1140896 Regljtsrèd offlce 44 Temperance Streèt Torquay TQ2 SPU Independent auditor> Accendo Consthb'ng Ltd Charted Certrfied Accountants & Statutory Auditors 160 City Road London ECIV 2NX Bankavs CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Page 1
TORBAY COMMUMtFY DEVELOPMENT TRUST LTD {A Company Limltèd by Guarantsè) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 The Trustees present their annual report together wth the audited financial statements of the Chaty for the year 1 April 2022 to 31 March 2023. The Annual Report setves the purposes of both a Trustees, report and a directors, report under comp8ny law. The Ttustees confimi that the Annual Report and finanual 5t8tements of the charitsble company comply wth the Current slatulory requirements, the requirements of the charitable company's goveming document and the pr)visions of the Statement of Recommended Practice ISORP) applicable to charih'es preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS1021 leffective 1 January 20191. sin the Charity qualifies a5 Small under section 382 of the Companies AGt 2006, the Strategi¢ Report required of medium and large companies under the Companies Act 2006 IStralegi¢ Report and Directors. Report} Regulations 2013 has been ornittÈd. ObJg¢tlves and activitlos Policles and objectives The objects ofthe charity are.. 1. To promote any charitable purpos for the benefit of the public. principally but not exclusively in the local Government area of TOaY and rts environs Ihereinafter called the 'Area of Benefit'l and, in parbrular, build the capacity of third sector ¢rgarnisations and provide them the nece55ary SUPPOrt, informatr'on and Servi to enable them to pursue or contribute to any charitable purpose. 2. To promote, organise and facilitate cooperation and partnership working betsveen third $e¢tor. statutory and other relevant bodies in the achievement of the above purposes wthin tre area of benefrt. In setting obj?th'ves and planning for activititrs, the Trustees have given due ¢onsideiation tg general guidan published by the Charlty Commission relating to public benefit. including the guidance 'Public benefft". running a charty IPB21'. b. Strategi9$ for achieving objectives Our overall purpose 1$ Enabling Tort)ay lo be a place vthere all feed included and can be involved in growng 3 connected. vibrant, thriving. creative, and prosperous Community and our strategies for achieving this are.. Encouraging people to do what they do best enabling people to connect and contribute lo what they care about in neighbourhoods. Enabling group5 to thrive through networks and supporL Making Connections, stimulating ccwperalion and new way5 c)f working eonditions for CDtlaborab"on. creaty.ng the space and Page 2
..TORBAY COMMUNFfY DEVELOPMENT TRUST LTD -I.,,.= IA Company Llmlted by Guarante81 TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 fvIARCH 2023 Objectives and actlvlties (conllnugdl ¢. Activitios undertaken to achieve objactives We continue to work wth a strengths-based approach, othenvise known a5 asset based community development IA8CDI. The Community Helpline ha5 been at the foiefronl of our Work in 2022-23 with over 25.000 calls. Requests for food parcels have increased, even on last year, and financial support. Mental hèalth and wellbeing support are at the top Of the list for requests. But we still have Over 500 active volunteers, many Of whom have been back marshalling al the Vawination Centre as we help thè fight to keep Covid at bay. We are pleased to announce that our Community Builders have been able to retum lo their usual role of onneGting people in the community and stimulating resilience. Many of our smaller groups have retumed post covid and new ones have emerged to help build fiiendship and support in our neighbourhoods. We have also supported those who are new to TOay- our Ukrainian guests. tsur asylum Seekers and refugees. Vve have been supporting people to become more active through the Live Longer Better Programme and we continue to gel people out and about through our OurBus service. The Sendiass and Advice and Mediation Serviee has continued to support children and young people with special educational needs andlor disabilities. and 2022-23 saw the last full year of the Posibve People Programme supporbng people furthest from employment. Our work wth the rest of the sector has wntinued wth our coordination of the 50+ Drganisations working children, young people and families through the Irnagints This Parthership and our participation and support to the other nintt VCSE neorkS we have in the Bay. Our Community Funding Advisor helped local groups to raise £1.499 million in the year, and we helped ¢reale a new CIC People'5 Parkfield that has taken over Parkfield House in Paignton on a lease from Tort)ay Council. rith the intentson of opening the house up for communlty use. particularly for yDung people. While we continue to build on what 15 strong in our ¢gmmunities we have also been hosting the Local Mots'on initiative in Torbay which seeks to bring about systemic changes. Local Motion is about stepping back and looking at what we can do to pvent hardship in Torbay and many many ideas are coming out of this community-led proce5S. d. Grant-making policias The Charity administers a series of grant programmes on behalf of other organi5alions, particularly Torbay Council. The grant making policies are determined by the organisation providing the grant funding. . Volunteers The organisation has a total of 559 active volunteer5 registered through the Community Helpline. Achievements and performance Financial rnvl*w Pagè 3
TORBAY COMAIUNITY DEVELOPMENT TRUST LTD ¥,: IA Company Llmllod by Guarantee) ¥&:>. TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 IAARCH 2023 a. Going concein After making appropriate enquiries. the Trustees have a reasonable expectstion that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue lo adopt the going cOnM basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. b. Reserves policy The tangible fixed assets olthe charity ¢omprise.' Fixtu$, fittings and computer equipment at 4-8 Temperance Street Ttsrquay, TQ2 SPU VehiGles comprising 2 Communty Transport buses. The Trustees consider that these assets are n?cessary for the current activitie5 of the Charty 3nd are to be retained or repl8Ged 85 required. Provision is CUTrently made for depreaalion on.. Fixiures and FTtti"ngs Straight Line over 5 years Computer Equipment Straight line over four years Vehicles Straight line over three years. The Trustees have reviewed the reserves of the Charity and consider the Gurrent level of reserve$ ne¢essary to fiJnd tre continuation of the Charily taking into aG¢ount the followng requirements.. The charity nÈeds to maintain a gener81 reserve IUnre5tricted General FuAdl to enable service5 to continue uninterrupted for approximately three months. together wrth a provision for redundancy costs {calculated to be £103k as al 31st March 20231 and other expenses if the charity ceases to operate. c. Summary The total income for the year has reduced to £1.76m due lo the end of the pandemic, which led to additional one off funding. Expenditure has remained broadly in line with previous years at £2.2m. As at 31 March 2023 the lotsl funds of the Charity were £960k12022.' £1.3m) of vthich £325k12022'. £59kl was attributable lo unrestricted funds and £636k12022' £1.2ml was attributsble to restricted fund5. Page 4
TORBAY COMMUNITY DEVELOPMENT TRUST LTD &-.- IA Company Llmitgd by Guarant•o} TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 d. Principal risks and uncortainties The Trustees have identiffed ¢urrenl risks under S headings of People. Govemance. Operational, Financial. Environmental l External FaGlors, Compliance. Risks currently idenliloed are.. People Recruitment and retention of appropriate staff Wellbeing of staff Sufficient Management Capaoty Volunteering does not increase to support helpline and other projects. Govemance Range of skills and eXpeSe on Board of Truslttes, due to recènt resignations. Operational Worknng from home policy fails Health and safety- how do we ensure we have adequate processèg in pla Cybercrime- Ongoing exposure to future attacks eg Ransomware. Financial TCDT is unable to draw down more of the Grant income available lo it for 2023 and beyond TCDT does not become financially sustainable from ApFil 2024. EnwronmenlallExtemal Factors Impact of cost of living crisis on demand for services Climate Action requirements are beyond capacity of TCDT. e. Financlal rtsk management objectives and policies The above risks are recorded on the Charity's Risk Register. They are assessed by Likelihood and Impact giving current risk scoring. The risk is allocated to a member of StafflGovemance. Mitigation strategies are identified and also assessed by Likelihood and Impact providing a residual risk. The risk register is reviewed on a quarterty basis. f. Principal fundlng The principal funding sources of income are grants from various bodies. Structuro, governanc• and manag•mont a. Constitutlon Torbay ComTnunty Development Trust Ltd 15 registered as a charitable company limited ty guarantee and was set up by a Memorandum of Association. Page 5
TORBAY COMMUNITY DLoPMENT TRUST LTD {A Company Umitsd by Guarnnteel TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Structure. governanc• and managem&nt Icontlnuedl b. Methods of appolntment or electlon of Trusts05 The management of the Charity is the responsibilty of the Trustees are elected and co-opted under the lems of the Memorandum of AsSCbclalion. All Trustees have to be an individual member or an aulhorised representative of 8 general member. The number of Trustees must nL)t be less than three but there is no m8ximum. At each general meeting one third of the Truslees retire from office. If there is only c)ne Trustee he or she must retire. The Trustees to rekn.re by rotab'on are those who have been longest in office since their last appointment. Trustees may offer themselves for r election for up lo a tnaximurn of two consecutive terms, plu5 an an additional years for a specffic Skill set A robust selection process was undertaken to fomi a new substantsve board for the Trust in 2014, asking for peotde interested and able to 5UPPOrt the range of governance acb'vities, e.g. Busine55 Planning, HR and Legal to lake on an ourd facing role, Supporting the sectDr in the domains of ¢ommunity lrfe, e.g. Health and Care, Fafth and Belief, Sport and Leisure. New Tfustees have joined the Board since then also contributing to the skllls base. The Directors of the charftsble company (the Charity) are its TnJ$tee$ for the purpose of the Charity law and throughout this reFOrt are collectively referred to as the Trustee. The Twslees seNing during the year and slnce the year end are listed on page 1 of th& accounts. ¢. Organisatlonal structure and de¢l$lonamaking poll¢los The Charity has a flat hierarchical Structure wrth staff involved in a considerable amount of decision-making There Is a Senior Management Team of 3. including a Director who repDrts to the Board of Trustees. The Trustees delegate the operations of the organi5ation to the staff. bul they retain the decision-maklng powers over strategic issues. d. Policies adopted for the Induction and training of Twstees New Trustees are salected on the the basis of the contribub.on that they will make lo the govemance of the organisation and the skills that they wll contribute. They are provided with ctspies of the Charity Commission, guidance to Trustees and are given an introduction to the activities of the Charity by the exists.ng bL)ard. They are also made aware of the Charty's conslitutson, ¢urrenl financial position as sel out in the latest filed accounts and our fubjre and obje¢tives. e. Pay policy for kay managemont p•rs¢)nnel The Charity operates a salary Scale structure guided by the following parameters- Benchmarking, range of training. skills and experience required, affordability for the organisation. Tetenb'on. and the overall remuneration policy ol the Charity. f. Rotstsd party rfylationships The Trustees work on a voluntary basis, none of the tru$lees received remuneration or other benefts for their work as trustee during the year under review. EKcept thosè disclosed in Related Party transactions note to the financial statements, there have been no tranyactions or dealings wth any individual or entities connected to trustees or any other related parbes. Page 6
TORBAY COMMUNrrY DEVELOPMENT TRUST LTD {A Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Structurei govemance and manag•mort Iconllnuodl g. Financial rfsk managom•nt The Trustees have as$?ssed the major risks to which the Charity is exposed. in particular those related to the operations and finances gf the Charity, and are satisfiecl that systems and procedures are in place lo mitigate exposure to the major risks. h. Trustses. Ind&mnltles The Charity has granted an indemnity of up to £500k to its trustees against liability in spect of ptoceedings brought by third parties. Such quali"n9 third-paty indemnity prowsion maIned in force during the year and as at the date of approving the trustees, ieporL Plans fctrr futur8 priods The Charity's Plan for future period$ is lo consolid8te acllvilies, to remain responsive lo the community's need$, diversify its funding sources and develop a sustainabilty plan to become less reliant tsn grdnt funding. Memb•r$' IlabS11ty The Members of the Charity guarantee to contribute an amount not exceeding £10 to the assets of the Charity in the event of winding up. Statement gf Tw5tsÈ$' rnsponsibilities The Trustees (who are also the directors of the Charity for the purposes of ¢ompany lawl are re5PDnsible for preparing the Trustees, Report and the financial statemen15 in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law. the Trustees musl not approve the financial ststemenls unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of ils incoming resources and application of resources, induding its income and expenditure, for that perio(l. In preparing these financial statements, the Trustees are required to.. select suitsble accounb'ng policies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 1021-, make judgments and accounting estimates that are reasonable and prudent.. stste whether applicable UK Accounting Standards IFRS 102) have been followed, subje lo any material departures disclosed and explained in the financial statements,. prepare the financial ststements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responslble for keeping adequate accounting record5 that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial posV(ion of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable step$ for the prevenlityn and detection of fraud and other irregularities. Page 7
TORBAY COMMUNTfY DEVELOPMENT TRUST LTD (A Company Limli ed by Guarnnteel TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 D15closur• of Inforn)atlon to audltors Each ofthe Perso who we TnMtee$ * the Im8 when this TTU8tees' Report 18 approved has confimied that: so far as that Trustee is aware, there is no rent audit information of which the charity's audltors are unaware, and that Trustee has taken all the steps that ought to have been tsken as a Trustee in order to be aware of any relevant audit Infomation and to egtablish thatthe charity's auditors e¥e aware of Ihat infomiation. Audltor8 The aUdrtt. Accendo Consulting Ltd, hgve Indlcatad their willingnes8 lo continue in office. The designated Tnjstees will propose a motw reappointing the auditors at a meeting of the Trustees. Approved y order of the memberÈ of the bjard of Trustees and Signed on thelr beha by. S Martin ITreasurer Trusts81 D8te'. 1 December 2023 Page 8
sTORBAY COMMUNfFY DEVELOPMENT TRUST LTD IA Company Llrnitsd by Guarnnt8e) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF TORBAY COMMUNITY DEVELOPMENT TRUST LTD Opinion We have audited the financial statements of Torbay Community Development Trust Ltd (the 'charitable company) for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet. the Stslement of Cash Flows and the related notes, includiny a summary of significant accounting poli¢ies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdtsm Accounting Standards. inctuding Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. (United Kingdom Generally Accepted Accounting Pra¢lic&l. In our opinion the financial ststements.. giv8 a true and fair view of the state of the charitable company's affairs as al 31 March 2023 and of its incoming resources and application of resources. including its income and expenditure for the year then Ènded., have been properly pPared in accordance with Unlted Kingdom Generally Accepted Accounting Practice," and have been prepared in accordance with the requirernenls of the Charities Act 2011. Basis for opinion We conducted our audit in accordance wth Internab'onal Standards on Auditsng IUKI IISAS {UK)l and applicable law. Our responsibilitses under those standards are further described in the Auditors, responsibilib.es for the audit of the finanoal ststements section of our report. We are independent of the charitable Gompany in accordance vhth the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom. induding the Financial Reporting Council's Ethical Standard, and we have fulfilled our Other ethical responsibilities in ac¢ordance with these requir?ments. We believe that the audit evidence we have obtained is suffi¢ient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the finanual staternents, we have concluded that the Tru5tee3' use of the going con¢em basis of ac¢ciunting in the preparation of the financial ststements is appropriate. Based on the work we have perfornied, we have not identified any material uncertainties relating to events or conditions that, individualty or collectively, may cast significant doubt on the Charitable company's ak)ility to continue as a going concern for a period of at least e1Ve months from when the finanryal ststemenls are authorised for issue. Our responsibilities and the responsibilities of the Trustees y¥ith respeGt lo going concem are described in the relevant seth'ons L)f this report. Page 9
TORBAY COhlMUNITY DEVELOPMENT TRLIST LTD (A Company Umlted by Guaranteel INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF TORBAY COMMUNITY DEVELOPMENT TRUST LTD ICONTINUEDI Other Infomiation The other infomiation comprises the infomiation included in the Annual Report other than the financial statements and our Auditors. Report thereon. The Trustees are responsible for the other inforrnation contained thin the Annual Repgrt. Our opinion on the financial ststements does not cover the other information and. except lo the extent othenmse explicitly stated in our report. we do not express any form of assurance conclusion thereon. Our responsibility is to read the other inform8tion and, in doing so, consider whether the other informatitrn is materially inconsistent with the financial ststemÈnts or our knowledge obtained in the course of the audit, or othenMSe appears to be materially misstated. If we identty such material inconsistencies or apparent material misstatements, we are required to detemiine whether this gives rise to a material misstatement in the ffnancial statements themselves. If, based on the Work we have performed. we conclude that there 15 a material mi55tatement of this other information, we are required lo report that fact. We have nothing to repDrt in this regard. Matters on vthich we are requlred to report by •xception We have nothing to report In respect of the follo%Mng matters where the Chari(ies (Accounts and Reports) Regulatlons 2008 requires US to report to you if, in our oplnion.. the inlomiatson given in the Trustees, Report Is inconsistent in any material respect wth the financial statements., or sulfi¢ient accounting records have not been kept,. or the financial statements are not in agreement with the accounting records and returns., or we have not received all the inforrnation and explanations we require for our audit. Rèsponsibilitoes of trustees As explained more fully in the Trustees, Responsibilities Statement. the Trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial ststements and for being satisfied that they give a true and fair wew, and for such intemal Gontrol as the Trustees delertnine is necessary lo enab5e the preparation of financial statements that are flee from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing tre charitable company's ability to continue as 8 going concem. disclosing, as applicable, matters related lo going COnM and using the going concem basis of asGounting unles5 the Trustees either intend lo liquidate the chari13ble company or to cease operations. OT have no realistic alternative but lo do so. Page 10
TORBAY COMMUN]TY DEVELOPMENT TRUST LTD (A Company Limtted by Gu•ranteo1 INOEPENDENT AUDITORS. REPORT TO THE MEMBERS OF TORBAY COMMUNITY DEVELopiifENT TRUST LTD (CONTINUED} Auditors. rgspon$ibiliti8s for the audlt of the financial $tatoments We have been appointed a5 auditor under section 144 of the chare5 Act 2011 and report in accordance with the Act and relevant re9ulation3 made or having effect thereunder. OUT objectives are to obtain reasonable assurance about whether the financial stslements as a whole are free from material misstatement, whether due lo fraud or error. and to issué an Auditors, Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (Um wll always detect a material misstatement when it exists. Misststements Can ase from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be •xpe¢t$d to influence the economic deGisions of users tsken on the basis of these financial ststements. Iegularities, including fraud, are instances Df non-compllance wth laws and regulations. We design procedures in line wth our responsibilib'es, Dullined abDve, to dol&¢t material misstatements in sPect of irregularrties, including fraud. The extent to which our proCeduS are capable of detecting irregularits'es, including fraud is detailed below.. Extent to which the audlt VAS con$ldered capable of detecting irrggularltlès, including fraud We identify and assess the risks of malerbal misststement of the financAal 5ts1ements. v4hether due to fraud or error, and then design and perfomi audit procedure5 responsive to those risks, induding obtaining audit evidence that Is sufficient and appropriate lo provide a basis for our opinion. Idèntifying and assessing potsntSal rl8ks related tr> irregularftles In identifying and assessing risks of material misstatement in respact of irregularities, including fraud and non- compliance with laws and regulations. we conydered the following.. The nature of the industry and sector, control environment and business performance including the deslgn of Ihe entitys remunerab'on policies, key drivets for directors, MuneratiOn, bonus levels and performance tsrgets,. reSUS of our enquiri&s of management about their own identification and assessment of the risks of irregularities., the matteT5 discussed among the audll engagemenl team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. A5 a result of these Procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potenb.al for fraud in relation to revenue recognition. In common th all audits under ISAS IUKI, we are also required to perform specAfic procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks that the entity Operates in and focused on those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context induded the Charities Act 2011 and Companies Act 2006. In additron. we considered prtrvisions of other laws and regulations that do not have a direct effect on the financial 5t3temenls but compliance wilh which may be fundamental to the entity's ability to operate or to avoid material fine or penalty. P8ge11
TORBAY COMMUNITY DEVELOPMEKf TRUST LTD IA Company Llmit•d by Guarantèe) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF TORBAY COMMUNITY DEVELOPMENT TRUST LTD ICONTINUEDI Audit response to risks identified As a result of perfonring the above, we identified revenue recognib.on as a key audit matter related to Ihe potential risk of fraud. Ouf procedures to respond to risks identified induded the foll¢)wing'. reviewing the financial statement disclosures and testing to supporting dwumentation to assess ompliance with provisions of relevant laws and regulations described as having a direct effect on the financial ststements: enquiring of management, conceming acbjal and potential lib'gation and claims., perfomiing analyb'cal procedures to identsfy any unusual or unexpected relationships that may indicate risks of m8terial mis5ts1ement due lo fraud., reading minLrtes C•f meetlngs of those charged with gDvemance,' and in addre$sing the risk of fraud through management override of controls, testing the appropriateness of joumal entries and c¢ther adjustments,. assessing whether the judyementg made in making accounting eytlmates are indicative of a potential bias., and evaluating the business rational8 of any significant transactions that a unusual or outside the norm81 course of business. We also communicated relevant identified law5 and regulations and potential fraud risk5 to all engagement team membeTS and remained alert to any indications of fraud or noncompliance wth laws and regulath.ons throughout the audit. Because of the inherent limitstions of an audiL thero is a risk trat we will not detect all irregularities, induding those leading to a material misststement in the financial statements Dr non-complian WTih regulation. This risk incr&ase$ the more that ¢ompliance wth a law or regulaty'on is removed from the events and transaction5 refleded in the finanaal statements, as V wll be less likely lo become aware of instanrxs of non-compliance. The risk is also greater regarding irregulanties occurring due to fraud rather than error. as fraud involves intentional concealment. forgery, collusion. omission or misrepresentation. A further description of our responsibilities for the aL5dit of the financial statements is located on the Financial Reporb"ng Council's webslte at.. www.frc.or .uklauditorsres on5ibililies. This description forms part of our Auditors, Report. Other mattars The financial statements of Torbay Communty Development Trust Ltd for the year ended 31 March 2022, were audited by another auditDr who expressed an unmodified opinion on those statements on 21 December 2022. Use of our rnport This report is Tnade solety to the charitable company's tnjstees, as a body, in accordance with Part 4 of the Charities (Account5 and Reports) Regulations 2008. Our audr( work has been undertsken $0 that we might state to the charrtable company's trustees those matters we are required to stste to them in an Auditors, Report and for no other purpose. To the fijllest extent pemiitted by law, we do not accept or assume responsibility lo anyone other than the charitsble company and its members, as a body, for our audit work, for this pOrt, or for the opinions we havp fomied. Page 12
TORBAY COMMUNrrY DEVELOPMENT TRUST LTD (A Company Limited by Guarantee} INDEPENDEMT AUDITORS. REPORT TO THE fyIEMBERS OF TORBAY COMMUNITY DEVELOPMENT TRUST LTD (CONTINUED) Accendo Con$ulting Ltd Chartered Certified Accountsntg & Statutory Auditors Date.. 1 December 2023 Ac¢endo Consulting Ltd are eligible to act as auditors in temis of section 1212 ofthe Companles Ac¢ 2006. Page 13
TORBAY COMMLINITY DEVELOPMENT TRUST LTD (A Company Limltod by Guarantsel STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2023 As rpslated Total funds 2022 Unrestricted funds 2023 Restricted fund$ 2023 Totsl funds 2D23 Not• Income from: Donations and legacies Charitable activities Investments soo 7.752 1,312.994 8.252 1.691.441 1,093 60,856 5,687 2,915.679 10,051 122, 785) 378.447 1.093 14.451 other income 46.405 Total Income 394.491 1.367.151 1,761.642 2.908,632 Expenditure on: Raising funds Charitable activities Other expenditure 553 46,114 1,920,726 46,667 2,197.496 45,963 2,291,484 125,365 276,770 Totsl •XpendIr¥ 277.323 1,966.B40 2.244,163 2,462.812 N•t movem?nt in funds beforè other r•cognisèd yains 117.168 1599,6891 1482.S211 445,820 Oth&r rocognised gains: Actuarial gains on defined benefit pension schemes 26 149,000 149.000 26.000 Net movement In funds 266,168 1599,689} 1333,5211 471,820 Reconciliation of funds: Total funds brought foward Net movement in funds 58,$07 266,188 1,235.3SS 1599.6891 1,293.862 1333.5211 822,042 471,820 Total lund$ carried forward 324,675 635,666 960.341 1,293,862 The Statement of Financial Activrtitts includes all gains and losses re¢ogni5ed in the year. The notes on pages 18 to 45 fomi part of these financial statements. Page 14
TORBAY COMMUNITY DEVELOPMENT TRUST LTD IA Company Limited by Guarantee) REGISTERED NUMBER: 07546840 BALANCE SHEET AS AT 31 MARCH 2023 As restated 2022 2023 Note Fixed a550ts Tanglble assets 15 26.964 32,431 2S.964 32.431 Curr•nt asts Debtors Cash at bank and in hand 16 80,517 980,593 250.856 1.268,339 1,061,110 1,519, t95 Creditors.. amounts falling due vlthSn one year 17 (95,733 (103, 764) Net current 3$$ots 965,377 1,415,431 Total assel* I$ eurr•nt liabilltles 992,341 1,447,862 Not assets excludlng penslon Ilabllity Defined benefit pension scheme Ilabilty 992,341 1,447,862 26 (32,0001 (t54,OOOJ Total not ass&ts 960,341 1.293.862 Charity funds Restricted funds Unrestricted funds Unrestricted funds excluding pension asset Pension reserve 20 635,666 t,235,355 20 20 356,675 (32,0001 212,507 (154,000) Totsl unrestricted fijnds 20 324,67S 58,507 Total funds 960.341 1.293,862 The entity was entiued to exemption from audit under section 477 of the Companies Act 2006. The member5 have not required the entity to obtain an audit for the year in question in accordance with $e¢tion 476 of the Companies Act 2rio6. However, an audit is required in accordance wth section 144 of the Charities Act 2011. Page 15
TORBAY COMMUNITY DEVELOPMENT TRUST LTD IA Company Llmitgd by Guarantee) REGISTERED NUIIIBER: 07546840 BALANCE SHEET ICONTINUED) AS AT 31 MARCH 2023 The Trustees acknowledge their re5ponsibilitw for comptying with tha rèjuirements of the AL* with respect to accounting record8 and preparation of finanryol stetemants. The financtal statements havo been prep?d in accordance with the provisions applicable to entities Sublt to the small companies regime. Thè financi talements were ¥¥proved and authorised for issue by the Trustees and signed on their behatf by." S MJrtin (Treasurer Tnjstee) Date.. 1 December 2023 The notes on pages 18 to 45 fom part ofthese financial statements. Pag8 16
TORBAY COMMUNITY DEVELOPMENT TRUST LTD IA Company Limited by Guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 As restated 2922 2023 Cash fiows from oparating activiti•s Net cash used in operating octivibes 1280,1581 385,061 Ch flows from inv•sting activitios Dividends, interests and rents from investments Proceeds from the sale of tangible fixed assets Purchase of tangible fixed assets 1,093 51 3, T80 f22.481) 18.681) Net ush usèd in inv•sting acti¥iti•s (7,588) 118,650) Cash Ilows from flnanclng acllvltlo• Nol ca$h provlded by financing actsvitios Ch8nge In cash and cash equlvalents In thg yoar Cash and cash equlvalents at the beginning of the year {287.7461 1,268,339 366.411 901,928 Cash and Gash aquivalonts at the end of th? yoar 980.593 1,268,339 The nt)tes on pages 18 to 45 fom) part of thesg finaNal statements Page 17
TORBAY COMAIUNITY DEVELOPMENT TRUST LTD J.: (A Company Llmited by Gu•rants•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 General Inforniation Nature of opèrations Torbay Communty Development Trust Ltd is a registered charity incorporated in England & Vvales. The charity aims to empower local cOmmuneS through partnerships, support services, and project management. It also promotes volunteering and civic engagement to drive sustainable MMUnitY development. The registered office of the Charty is located at 4-8 Temperance Street, Torquay. TQ2 5PU. Legal forni The charity is incorporated as a company limited by guarantee (Company number 075468401 and is registered with the Charity Commission wrth the gIStratIon number 1140896. Currency The financial statements are presented in British Pound81£l, %thich is the Charty's functional currency. Accountiny policies 2.1 Basis of preparation of financlal 8tst8monts The financial statements have been prepared in accordance wrth the Charitie3 SORP IFRS 102) Accounting and Reporhng by Charities.. Statement of Recommended Prath"ce appli¢able to charitie5 preparing their accounts in accDrdsnce wth the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reportiny Standard applicable in the UK and Republic of Ireland IFR8 1021 and the Companies Act 2006. Torfoay Community Development Trust Ltd meets the definition of a public benefit èntity under FRS 102. Assets and liabilf(ies are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. P8ge 18
TORBAY COMUUNTfY DEVELOPMENT TRUST LTD IA Company Umlted by Guardntse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Ac¢ounting pollcles Icontlnu•dl 2.2 Going concem After maknng appropriate enquiries, the Trustees have a reasonablè expectation that the Charity ha5 adequate resources to continue in operational existence for the foreseeable future. FDr this rea50n. they continue lo adopt the going concem basi5 in pparIng the financial ststements. The financial statements have been prepared on a going concern ba515. which contemplates the realisation of assets and the settlement of liabili118s in the normal couise of business for the foreseeable future. Fa¢tors Considered While the Charity has experienced some fluctuations in it5 incprne which has declined this year. it holds SnIfiCant liquid reserves. Th25e reserves are deemed suffiaent to cover operational costs. overheads, and other financial commrtments for the fOSeeable fijture. Managemenys Plans Management continues lo monitor the Charity's financial posf(ion closely and has plans in place to ensure the charity's Sustainability. These include ongoing revenue yen?rating activities and prudent financial management. 2.3 Incomè All income is recognised once the Charity has entitlement tr) the income. it is probable that the income will be received and the amount of income receivable can be measured reliably. Income tax recoverabfe in relation to investment income is recognised at the b'me the investment income is Teceivable. Other income is recognised in the period in which it is receivable and lo the extent the goods have been provided or on completion of the service. 2A Exp9nditur8 Expenditure is recognised once there is a legal or constructive obligation lo transfer ecDllQmiG benefit to a third paty, it 15 probable that a transfer of economic benefits will be required in $ettlement and the amount of the obligation ¢an be measured reliably. Expendrture is classified by a1VIty. The costs of each activty are made up of the total of 1ct costs and shared costs, including 5UPPOrt costs involved in undertaking each activty. Direct costs attributsble to a single activity are allocated directly tc that 8clivity. Shared Costs which contribute to more than one activity and support costs lch are not attributable to a single activity are appcrtioned beiween those aclivib.es on a basis consislenl wth the use of resources. Central 5tsff Costs are allocated on the basis of time spent, and depreciation tharges allocated on the portion of the asset's use. Expenditure on raising funds includeg 311 eXpendItLJ incurred by the Charity to raise funds for its charrtable purpose5 and includes costs of all fundraising activrties events and noTrcharitable trading. Expenditure on charitable activities is incurred tsn directly undertaking the activitie5 which further the Charity's objectives, as well as any a55ociated support costs. Page 19
TORBAY COMMUNrrY DEVELOPMENT TRUST LTD (A Company Limited by Guarnnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies Icontinuedl 2.4 Expenditure (Gontlnuodl Gran15 payable are tharged in the year when the offer is made expt in those case5 where the offer is condrtional, such grants btring recognised as eKpendilure when the cDnditions attaching are fijlfilled. Grants offered subject to conditions which have not been met al the year end are noted a5 a commitment. but not accrued as expenditure. All expenditure 1$ inclusive of irrecoverable VAT. 2.$ Governm•nt grants Government grants relating to tangible fixed assets are treated as deferred income and released to the Staternent of Financjal Ath"Mties over the expected useful lives of the assets concerned. Other grants are credited to the Statement of Yinancial Actiwties a5 the related expenditure is incurred. 2.6 Interest rgceivabl? Interest on funds held on deposit is included vthen receivable and the amount can be measured reliably by the Charity., Ihis is normally upon notthcation of the interest paid or payable by the in$tsiution wth whom the funds are deposited. 2.7 Foreign ourrencies Monetary assets and liabilities denominated in fOIgn currencies are translated into sterling at rates of exchange ruling at the reporting date. Transactions in foreign cuThencie5 are translated into sterling at the rate ruling on the date of the transaction. Exchange gains and losses are re¢ognised in the Statement of Financial AetNities. 2.8 Tangible fix assets and depreciation Tangible fixed assets costing £1k or more ale capilali5ed and recognised when fvture economic benefits are probable and the cost orvalue of the asset ean be rneasured reliably. Tangible fixed assets are initially recognised al cost. After recognition, under the cost model, tangible fixed assets are measured al cost less accumulated depreciation and any ac¢LJmulated impairrnenl 10s5es. All costs incuThed to bring a tangible fixed asset into its intended working condthon should be included in the measurement of cost. Page 20
TORBAY COMMUNrrY DEVELOPMENT TRUST LTD IA Company Limited by Guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng policies Icontinuedl 2.8 Tangib18 fixad assets and depreciation Icontinuedl Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual value over their estimated usefvl lives. Depreciation is provided on the following ba5iS". Plant and machinery Motor vehicles Fixtures and fittings Computer equipment 10% reducing balance 330ts straight line 20°A straight line 25% straight line Gains and losses on diSPL)s81s are detemiined by comparing th& proceeds vrith the carryng amount and are recognised in the Stsl&mènt of FinanEial Activities. 2.9 Debtors Trade and other debtors are recognised at the settiernent amount after any trade discount offered. Prepaym&nts are valued at the amount prepaid net of any trade discounts due. 2.10 cash at bank and In hand Cash at bank and in hand includes cash and short-temi highly liquid investments a short maturity of three months or less from the date of acquisition or opening of the d*po$it or similar account. 2.11 Liabiliti Liabilities and provisions are recDgniged when there is an obligation al the Balance Sheet date as a resurt of a past event, it is probable that a transfer of economic benefit will be required in settlement. and the amount of the settlement can be estimated reliably. Liabilities are recogni5ed at the amount that the Charity anli¢ipales it will pay lo settle the debt or the amount It has received as advanced payments for the goods or services it must PTovide. Provisions are measured al the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts. discounted al the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount Is recognised in the Statement of Financial Activities as a finance cost. 2.12 Financial in$truments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instrument5. Basic finanGial instruments are initially re¢ognised al transaction value and subsequently measured al their settlement value with the exceptt'Dn of bank loans which are subsequendy measured at amortised cost using the Èffective interest method. 2.13 Opèrating leases Renta15 paid under operating leases are charged to the Stslement of Financial Activities on a slr3ighl-line basis over the lease temi. Page21
TORBAY COMMUNrrY DEVELOPMENT TRUST LTD (A C¢)mpany Limited by Guarantsèl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng policies Icontinuedl 2.14 Pensions Th? Charity operates a defined contribution pension scheme and the pen$ion charge r&pre5en15 the amounts payable by the Charity to the nd in respect of the year. The Charity operates a defined benefits pension scheme and the pension d)arge is based on a full actuarial valuation dated 31 March 2022. In October 2014 Torbay Council employees were transferred lo the Charity's empltsyment under the TUPE Regulations and as part of the transfer the employees. pensiDn benefits needed to be transferred. The Charity did not have a pension scheme and thefOre became a member of the Devon Local Government Pension Scheme which is a Multi-employef Defined Benefrt Scheme administered for the benefft Df local authoribes and other bodies in acBordance wth the local Government Pension Scheme Regulations. The Charity recognises a defined net benefrts pension asset or Ilability in the staternent of financial positson as the net total of the present value of its obligations and the fair value of plan assets Olrt of which the obligations a to be settled. The defined benefit liability Is measured on a discounted present value ba51s using a rate detemiined by reference to market welds at the reporting date on high quality corporate bonds. Defined benefft obligations and the related expenses are measured using the projected unit credit method. Plan surpluse5 are recognised as a defined benefit asset only to the exlent that the surplus is coVerable either through reduced contributions in the future or through refunds from the plan. Changes in the nel defined benefit asset or liability arising from employee Service are racognisèd in inBome or expenditure as a current yervice cost wheff il relates to 5etvices in the Crn1 period and as a past service cost where it relates to services in prior periods. Costs relating ID plan introduction5, benefit changes, curtailments and sett]ements are recognised in income or expenditure in the period in which they 0Ur. Net interest is deterniined by muttiplying the net defined benefit liability by the discount rate, both as determined at the start of the reporting period. taking aG¢ciunt of any Ghanges in thè net defined benefit liability during the period as a result of contribution and benefft payments. Net interest is recognised in income or expenditure. 2.15 Fund oceounting General funds are unrestricted funds which a available for use at the discretion of the Trustees in furtherance of the general objective5 of the Charity and which have not been designated ftsr other purpose5. Restricted funds are funds which 8re to be used in accordance wlh specific restrictions imposed by donors or vthich have been raised by the Charity for particular purposes. The costs of raising and administering such fvnds are Gharged against the specific fund. The aim and use of each re5tn'¢ted fund is sel out in the notes lo the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Page 22
TORBAY COMIAUNITY DEVELOPMENT TRUST LTD IA Company Limited by Guarantso} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Critical accountlng gstlmatg$ and areas of judgment The preparation of fin8nci81 5tstements in conformity with FRS 102 requires management lo make judgments. estimates. and assumptions that affect the application of policies and reported amounts of assets and liabilities, income, and expenditure. Estimates, associated assumptions and judgments are Continual evaluated and are based on historical experience and various other factors, induding expectations of future events that are believed to be asonable under the circumstances. Critscal accounting ests'mates and assumptions: The Charity makes eslimales and assumptions concerning the future. The resulting aUntIng estimates and assumption5 will. by definib"on, seldom equal the relatpd actual results. The estimates and assumptions that have a signffi¢8nt risk of causing a material adjustment to the carrying amounts of assets and liabilities Mthin the next finanaal year are discussed below. 1. Defined Benefit Pension Scheme Estimation of the pension liability involves a nurnber of critical assumptions inciuding." the discount rate, future salary increases, mortality rates, and future pension increases. Due lo the complexity of the valuation and it5 long-temi nature. a defined benefft obligation is highly sensitive to changes in these assumptions. Al assumptions are vieWed at each reporting date. The mortality rate assumption is based on publicly available Mortality tables in the UK. FLrture salary increases and pension increases are based on expected future inflation rates in the UK. The discount rate is determlned using the weld on high-quality corporate bonds that have maturity dates approximats.ng the terms of the charity's pension liability. Any difference beeen the assumptions and the aclLJal outcome. or changes in the assumptions, may impact the recorded pension liability and the associated pension expense. 2. Depreciation of Tangible Fixed Assets The ests"maled Ltseful lives of the ¢harills tangible fixed assets determine the amount 01 depreciation expense recognised in the 5taterllent of financial activities and the carrying amount of the assets in the balance sheet. Management reviews the estimated useful lives of tangible fixed assets at each reporting date based on factors such a5 wear and lear of the assets. techntslogical advancements, and industy practices. Changes in these eslimales may resLJtt in changes to the amount Ctf depreaation expense recognised in future periods. Page 23
TORBAY COMMUNITY DEVELOPMENT TRUST LTD IA Company LtmÉtsd by Guarante¢} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Income from donations and l•g•cie$ Unrostricted Rostrlctsd funds funds 2023 2023 Total fund5 2023 Donations 500 7,752 8.2S2 UnstriCted funds 2022 R8st17Cted fvnds 2022 Tot81 funds 2022 t)onallons 4.687 5.687 Incom• from charitsbla actlvlties Unrestricted Rastricted funds funds 2023 2023 Total funds 2023 Fares received Concessionary fares received Hire of bus Perfomance•related grants Management Fees & Overhead Contribution Fundraising Advlce & Courses Contractul In¢ome 4,241 19.795 5.006 1.198.905 15.0001 4,241 19,795 5,006 1,205.881 276.114 59,681 120.723 6.976 281,114 59,681 30,676 90,047 378,447 1.312,994 1.691.441 Page 24
TORBAY COMMUNrrY DEVELOPMENT TRUST LTD IA Company Limltsd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Income from charltsble actlvltles {continuodl As restated Total funds 2022 Unr&stricted RBstsictad funds funds 2022 2022 Fares receiv Concesstonary fares received Hire of bus Perfomiance-relaled grants Management Fees & Overhead Contrijyjlion Fundraising Advice & Cour5e5 cCtraCtUal Income 4,253 13,810 1,606 2,269,884 5,266 4,253 13,810 1.546 2,292,834 184,404 8,875 409,957 (60) 22.950 IT9,138 8,875 24,345 385,612 235,248 2.680,431 2.91&679 Investmont Income UThrestrTCted funds 2023 Totsl funds 2023 Investment income 1,093 1.093 As reststed Total funds 2022 unst17ct8d fijnds 2022 Investment incom? Pension income 51 io.ooo 51 10,000 f 0,051 10,051 Page 25
TORBAY COMMUNITY DEVELOPMENT TRUST LTD {A Company Limited by Guardnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Oth•r incoming r•source8 Unrestrlctsd Re5trictsd funds funds 2023 2023 Totsl funds 2023 Other income 14,451 46.405 60.856 As rpsta(ed Total runds 2022 Unrestricted fvnds 2022 R8StriGted funds 2022 other income (22,790) (22,785) Analysi5 of grants Grants to Grants to Instltulions Individual$ 2023 2023 Total fund5 2023 Grants 56S 565 As restated Total funds 2022 Grants to Institutions 2022 Grants k) Institutions 1,533 t.533 Page 26
TORBAY COMMUNITY DEVELOPMENT TRUST LTD IA Company Llmlted by Guarant¢el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Anatysls of expendlture on charltable actiYltle& Summary by fund typo Unrestrlctod Rgstrletgd funds fund$ 2023 2023 Total 2023 Chantable adivilies 276,770 1,920,726 2,197,496 Unrgstrictsd Restricted As Trstaled fijnés funds Total 2022 2022 2022 Charltable actfvitles 1.087.T47 1,203, 737 2,291,484 10. Other oxponditur• Total funds 2023 Unr8striGted funds 2022 Totsl fvnds 2022 Loss due lo Cyberattack 125,365 124365 Page 27
TORBAY COMMUNrrY DEVELOPMENT TRUST LTD IA Company Limlt•d by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 11. Analysis of expendliur& by actlvitiès tlvltios undertaken diTr¢ty 2023 Grant fundlng of actlvltie$ 2023 Support costs 2023 Totsl funds 2023 Charitable activities 2,051,207 565 145.724 2.197.496 ActNitps undertaken diTrctly 2022 Grdnt funding ol activitS 2022 As r&st8tsd Total funds 2022 Support Gosts 2022 Charitable actiwtses 2,248,541 1,533 41,410 2.291,484 Analysls of dlr•et ¢osts Activities undertakgn directty 2023 Totsl fund 2023 Pension finance costs Staff ¢osts Other charitable athvrtfes Costs 14,000 1,142,731 894,476 14,000 1,142,731 894,476 2,051,207 2,051,207 Page 28
TORBAY COMMUNrrY DEVELOPMENT TRUST LTD IA Company Umitsd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 11. Anatysis of expenditurn by actlvltles Icontlnuadl Analysis of direct costs Icontinugdl Activit$ As restated undertaken Total directly funds 2022 2022 Staff costs Other charitable actiwUes costs 1. 122,296 7, 126.245 1, 122,296 1, 126,245 2,248.541 2,248.541 Anatysis of support costs Charltablo actlvftles 2023 Total fund$ 2023 Management and adminislratiun of charlty Governance costs 94,586 51,138 94,586 51.138 145.724 145,724 As rgstated Total funds 2022 Chanfable activities 2022 Event and meeting costs Gain I lo$$ on disposal of tangible fixed a$$ets Governance costs 14,685 548 26,177 14,685 548 26,177 41,410 41,470 Page 29
TORBAY COMMUNITY DEVELOPMENT TRUST LTD ltr-',¥.i.&..- (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 12. Auditors.. remunaration 2023 2022 Fees payable to the Charitl5 auditor for the audil of the Charitys annual accounts 5,000 10.046 Fees payable to the Charity's aLKtitor in resped of I non-audit seNces not induded above 1,650 13. St•ff costs As rnstated 2022 2023 Wage5 and salaries Social seGurtty costs Contribution to defined contribution pension g¢hemes Operating costs of defined benefft pension schemes 1,027.447 93,887 21.397 33.OlX) 817,826 247,081 57,389 16.000 1.175.731 I, f38,296 The average number of persons employe(I by the Charty during the year was as folltsws.. 2023 2022 No. Administration and management 51 No employee received remuneration amounting to more than £60,000 in either year. 14. Trustees, remuneratlon and expenses During the ye8r, no Trustèes received any remuneration or tsther beneffts f2022- £NILJ. During the year ended 31 March 2023. no Truslee expenses have been incurred {2022- £NIL). Page 30
. TORBAY COMMUNITY DEVELOPMENT TRUST LTD 4,; {A Company Limitsd by Guarantèo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 15. Tangiblo fixed assets Plant and machinery Motor Fixthre$ and v•hicl•s rittings Computgr equipmont Total Cost oi valuatlon At 14Trri12022 Additions 10.649 23.450 16.419 22.728 6.681 73,246 8.681 At 31 Mar¢h 2023 10.649 23,450 16,419 31,409 81.927 Depre¢l•tlon At 1 April 2022 Charge for thè year 10.083 57 6,276 4.437 13,834 2,487 10,822 7.167 40.815 14,148 At 31 hAarth 2023 10,140 10,713 16,321 17.789 54963 Net book valu& At 31 March 2023 609 11737 98 13,620 2$,964 At 31 March 2022 566 IT.174 2,585 12, 106 32,431 16. Debto As restated 2022 2023 Du• within on• year Trade debtors 78.481 248, 162 Other debtors Prepayments and accrued income 1.388 80.517 250,856 Page 31
TORBAY COMMUNrrY DEVELOPMENT TRUST LTD {A Gompany Limitsd by Guarantsè} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AIARCH 2023 17. Crèdltors: Amounts falling duè wlthin one year As re5tatsd 2022 2023 Trade creditDrs other tsxation and socl818ecurity Other creditors Accruals and deferred income 26.271 28.920 2.909 37,633 31,559 23,370 272 48,563 95,733 103,764 18. Flnanclal Instrum•nts 2023 2022 Flnan¢lo1 assets Financial assets measured at fair value through income and expenditure 980.593 1,268,339 Page 32
TORBAY COMMUNrrY DEVELOPIIENT TRUST LTD Its.:, IA Company Limit•d by Guarantsèl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 19. Prlor year adlustments The following prior year adjustments have been made to the financial slalementS to correct errors and re¢lassify certain itgms.. 1. Other Dèbtors. Prèpaymènt and Accrued Income: Accrue(l inGome was reduced by £27,855 and other debtors balance was roduced by £28,190 to ensure only bal8nces that were receivable as of 31 March 2022 are included. Imp8Ct.' Debtors balan¢e redu¢ed by £56,045 Expenditure increased by £56,045 2. Accruals and Other Croditors: PAYE liability to HM Revenue and Custom5 {HMRC) has been separately disclosed, amounting to £23,370. Accruals balance brought foarrf from prior yèars was reversed1£20,9451, and other balances brought forward from prior years were reversed by £14,755. Impact.. CredTrlors and expenditure reduced by £35,700. 3. Ststement of Financial Activities ISOFAI Raclassifications: Defined Benefit Pension.. A gaIro$S of £26,000 was previously netted off against expenditure. This has been Corrected to separately disclose finance income, interest charge. and gainlloss. Impact.. Interest income in¢r&ased by £10.000 Current seNice cost increased by £36,000 Pension gainlloss in¢reased by £26.000 Payroll.. Salary sacrifices amounting ¢0 £39,000 were inGorredy included in the pension charge for the year. These have been redassrfied to salary cost. Impact.. Wageg and salaries increased by £39,000 Pension costs decreased by £39,000. Overall impact on net surplus and funds balances: Net surplus for 2022 reduced by £20,346. from £492,16S 10 £471,820. Restricted fund balance reduced from £1,255,701 to £1.235,355. Total funds balance reduced from £1.314.208 to £1,293,862. Page 33
TORBAY COMMUNrrY DEVELOPMENT TRUST LTD (A Company Limited by Guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PIARCH 2023 Statwn•nt of funds statemont of funds- curr•nt yoar Balance at 31 Mah 2023 Balance at 1 Aprll 2022 Gains1 (Losses) Income Expanditure Unrestrfctsd funds General Funds- all fiJnLts Pen¥on reserve 212.507 1154,0001 394.491 (250.3231 127.0001 356.675 (32.000) 149.000 58.S07 394.491 (277.3231 q49,000 324,675 Rtricted fund$ Restricted Funds- all fvnds Unallocated amounts 1,23S,355 1,367,151 (1.998,311) 31.471 604195 31,471 1.235.355 1,367.1SI 11,966.8401 635,660 Total of funds 1.293.862 1,761.642 12.244.163) 149,000 960.341 Page 34
TORBAY CONIMUNITY DEVELOPMENT TRUST LTD (A Company Llmited by Guarnnte¢l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 20. Staternent of funds {continuod) statsment of tsnds - prior y•ar As restated As stat8d Balance at Trnnsf& Gain 31Ma in/out (Loss85) 2022 Balanc& at As restatgd As restated l Apnl 2021 InGomg Expendrfu Unrostricted funds General Funds- all funds Pension reserye 354,943 (174.000) 236,244 (267.799J {6.OOOJ (110,881) 212.507 (154,OOOJ 26,000 18Q,943 236,244 (273,799) (110,881) 26,000 58.507 Rostrictsd funds Restiicted Fund$ all funds 641,099 2,690,243 (2,206,868J 110,881 1,23&355 Total of funds 822.042 2,926,487 (2,480.$67) 26,QOO 1,293.862 21. Summary OffdS Summary of fund8- currnnt yoar Balance at 31 March 21123 Balanca at 1 April 2022 Gainsl LO) Incomo Expendttur• General fvnd$ Restricted fund8 68,507 1,235,355 39U91 (277,3231 1.367.1S1 {1.966,8401 149,000 324,675 635,886 1.293,862 1,761,642 {2,244.1631 149.000 960.341 Page 35
TORBAY COMMUNrrY DEVELOPMENT TRUST LTD ,4j:. IA Compony Llmltsd by Guarnnteel , NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 21. Summary of fund8 {contlnued) Summary of fund$ - prlor yr As rgslated As t9stated TnSfor$ Gains/ in/DUt (Losses) Balance at 31 March 2L722 Balance al As Trst8led As rgstafed l Apiil 2021 Income Expenditure General fvnds Restrrcted funds 180.943 641,099 236,244 {2T3, 7991 2,690,243 (2,206,868) (110,881) 110,881 26,000 58,507 1.235.355 822.042 1926,487 (2,480.66T) 26,000 1,293,862 Page 36
TORBAY COMMUNrrY DEVELOPMENT TRUST LTD IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEAIENTS FOR THE YEAR ENDED 31 MARCH 2023 21. Summary of funds Icontinuedl Summary of funds Advice and Medlatlon An independent free of charg& Advice and hAediation sèrvice provided to pupils who are at ri$k of ex¢lusion from educats"on. Asylum Seekers In October and November 2022, two Torbay hotels were opened to house asylum seekers and thildren of asylum seekers. The TCDT was asked to provide a hybrid of support, induding volunteer placements, health and wellbeing acb"vilie5, English language da55es. homework cjubs. social events, sports, green space and community projects and employabilty skills. This support has been provided in partnership with volunteers and other VCSE groups vknere possible. 8roadsands, Churston and Galmpton Nelghbourhood Forum TCDT provide a banking facility tL) Broadsands, Churston and Galmpton Neighbouthood Forum who are responsible forthe Broadsands, Churston and Galmplon Neighbourhood Plan. Buildlng B•tt8r Opportunities A National Lottery and European Social Fund Project targets'ng the over 25 year olds fijrthest from the Labour market back into employment. Bushcrafts Skills Recovery grant funds held by TCDT on behalf of organisab.on worknng wlh clients in recovery to assist them in leaming new skills. CAF GRANTS Grants hèld for other organisaliong without a Charities Aid Foundation bank account. Community First Remaining funds from grants awarded from Ellacombe, Blatchcombe and Tomiohun Community First Panels, to be allocated to complernenlary projeGts. Communlty Bullders Our team of Community Builders work in the 30 Neighbuurhoods across Torbay supporting residents to make their community the best it can be. They particulady focu5 on reconnecting people that are experiencing isolatton. Fomierty focussed on isolated people over 50 the Communty 8uild¢r now sUPPOrt any age group. Community Centres Funds prowdèd by Torbay Council to review the work and support needs of the Community Centres in the Torbay. Communty Grants Grant scheme administerèd tsn behalf of Torbay Councti. Cownmunity Investment Fund Public Health funds to support the community led PTevenlats"ve approaches to improve healthy lifestyles. Community Knowledge Fund - Young Fund The Young Foundab"on awarded us a grant of £10.000 from the Community Knowledge Fund Programme in Feb 2023. enabling us to support community groups and organi581iDns to pSay a stronger role in research and innovation by developing and tests'ng new idttas and approaches to sharing and using Pag? 37
TORBAY COMMUNITY DEVELOPMENT TRUST LTD d,- ' {A Company Limltsd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 21. Summary of fund$ Icantinued kn¢)wledge held within communib'es to make progress on local and national challenges. Our project worked th communrties to understand h¢)w communities define 'resilience' and build a framework lo improve community knoedge and resilience, as well as innovate. C05t of Livlng - One Dewon The TCDT administered a gTant fund tsckling the Cost OF Living Crisis in Torbay provided by One Devon. Evestroll (Evèning Strollers) Fund3 held on behalf of an evening strolling group. Gardon$ and Green5 IHÈlgs Angelsl Funds received to support the Gardens and Greens Project transferred lo the TCDT on the wnd up of Hele's Angels. Good Practice Mentors The Good Practice Mentor IGPM) programme is a project that brings together legacy, leaming and resour3 from the national Ageing Better Programme, a seven year Test & Leam project that worked lo reduce social isolation and loneliness in people aged over So and funded by the National Lottery. Through this programme the TCDT is sharing the learning from the SUesSfUl Ageing Well Programrne in Torbay. Health and Wellbeing Voluntary Sector Nètt¥ork This neknrk brings trtrgether over 200 voluntary sector organisations vA)o wDrf( in the field of health and wellbeing in Tort>ay. The TGDT 1$ a steering gioup member and 15 currently holding funds to be utilised in support of the wellbeing of VCSE staff on b&half of the N2rk. Hèlpline Funds received to continue the Community Helpline set up during the Pandemic and adapt to current needs. including the Front Door project where the Helpline takes new referrals to Adult Social Care. Jamta5tic Recovery Grant funded held by TCDT on behalf of an organi5ation providing distraction therapy sessions for people in recovery lo make live music and jam wth others helping them to gain confidence and leam about co-operation and hatrnony in workn.ng together. Imagine Thls Funds received to support the Imagine This Partnership to support and unite voluntary sector organisakn"L)ns wotking wth children, young people, and families in Torbay. Local Motion TCDT hosts the Local Motion fund for Torbay. Local Motion is building a social. economic and environmental jusliGe movement, by communities. for cornmunilies_ It seeks to understand local strengths In the places where we live and work. aiming to challenge typical power structures and hieTarchies that become barriers lo a community's progress and hold areas back. Torbay is one of six areas in the UK testing the Local Motion approach. NATGC Funds held for Newtt>n Abbot and Torbay Games Club. Mental Health and Engag?m8nt Project TCDT coordinated a network of 5m311er tsrganisalion5 to prOlde mental heahh support in local places of Pag? 38
TORBAY COMMUNITY DEVELOPMENT TRUST LTD IA Company Limltod by Guarontso) NOTES TO THE FINANCIAL STATEIIIENTS FOR THE YEAR ENDED 31 MARCH 2023 21. Summary of fvnds (continued) welcome as Torbay emerged from the pandemic. Mèntal Health Precept Fund$ prDvided by Torbay Counul to match Ag&ing Well resources to create peer group actiwtie$ for people with mental heath issues. Ourt)u$ A community transport scheme launched to meet transport gaps in the Bay, this includes the provision of the No.61 and No 65 scheduled bus seTvices and regular bus trips for those who are lonely and isolated. PA Devolopm•nt To develop individuals as Personal Assistants to support client maktng choices under the new care model. Paignton N•ighbourhood Forum Funds received to relaunch and support the Paignton Neighbourhood Forum. PHA8 The PHAB group inspires and supports Children. Young People & Adults with and thout disabilib'es to make more of life together and creating opportunities for young people. Fomierly based wth Ywth Genesis the prolecl was ho$led by TCDT after the cl95ure of Youth Genesis, while the staff established cic. Public Health and Social C¥ro A Continuation of our wgtk with oldw people. This fvnding enables tc* run a LNe Longer Better programme, conb'nue to support the Assembty and the Age Friendly Torbay neork. SENDIASS Is an independent support 5eTvice pioviding free confidential and impartial advice and information for parents and young people in relation to young people'5 special educational needs andlor disabilities. Shiphay Communlty Partn9r$hlp The Shiphay Community Partnership works to improve the qualty of life for people in the Shiphay electoral ward in T()rquay. Sober Companion Funds held to lacilitale the purchase of items for client5 in reGovery. Steps Forward Project to support local people in recovery from alcohol or substance use into volunteering positions, wrth a view lo their re-entering the job markeL The projed provides one lo one support, training, and volunteer placements. Suicide Prevention Administration of a grant fund targeted at suicide prevention. Torbay Communlty Partngrships ITCPI An umbrella charity that is the goveming body of the Community Partnerships 2rk in the Torbay area providing support for residents to improve the quality of life in their local areas. Administrative support 15 PfDvided lo the TCP by the TCDT , Including the use of banking facilities. The FoDd AllianeÈ Page 39
TORBAY COMMUNtrY DEVELOPMENT TRUST LTD {A Company Llmited by Guarantee> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 21. Surnmary of fund$ l¢wtinu•d Funds awarded to support TOaY Fwd Alliance. Torbay Soup An ¢)ccasional microwfvnding event with the Succèssful oryanisation taklng the proceed5 of the evenL Traders Reglstpr Projact Funds provided by the ¢COperatiVe to develop support for wjlnerable people Trthen seeking quotes for work from traders. Project includes volunteer advocatèg and training for traders to understand the needs of variou5 vulnerable groups. Tradlng Ami Funds to create a new CIC set up to enable us to share the leaming from our work over the last eight yeats wth organisations and groups outside of Torbay. Wlntèr Dlscharg8 Funding for the VCSE to reduce the pressurès on the NHS during wlnter period. this Indudes the home from hospital project. 22. Analysls of net assets b•trHo•n funds Analysis of fiot ass•ts between funds- currentyoar Unrestrict•d Re$trlet•d fund5 2023 Total funds 2023 2023 Tangible fixed assets Current assets Creditors due within one year Provisions for liabilities and charges Difference 19.102 464.777 195.733) 132.0001 131.4711 7,862 596,333 26.964 1.061.110 (95.7331 132.0001 31.471 Total 324.675 635,666 960.341 Paye 40
TORBAY COMMUN17Y DEVELOPMENT TRUST LTD -: H.k': IA Company Llmltsd by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 22. Analysls of not assets Ltheen funds (contlnuedl AD•lysis of net a$$ots bet•4wn funds . prfor yoar Unrestiycted funds 2022 Restricted funds 2022 Total runds 2022 Tangible fixed assets Current assets Cieditors due within one year Provisions for liabilities and charges 22, 120 248,927 (58.540) (154.000) 10,311 32,431 1,270,268 1.519. 195 (45,224) (103. T64) {154,000) Totsl 58,507 1,235.355 1.293.862 23. Rg¢on¢lll•tlon of n&t movemgnt in funds to n•t ¢a$h flow from op•rating activities 2023 2G122 Net incomelexpendiiure for the year (as per Ststement of Finanual Activits'esl 1482.5211 445.820 Adjustments for: Deprauation charges Dividends, interests and rets from Investments Loss on the sate of fixed assets Decreasellincreasel in debtors Increasel{decrea5el in creditor$ Defined benefit pension net charye$ 14148 {1.0931 10.548 (51J 548 (96.876) 19,072 170.339 18,0311 27,000 N•t cash provided byllused in) opornting activities {280,1581 385,061 2& Analysis of cash and cash equlvalonts 2023 2022 Cash in hand 980.593 1,268.339 Totsl c•sh and Cash •quivalents 980.593 1,268,339 Page 41
TORBAY CI)MMIJNrrY DEVELOPMENT TRUST LTD IA Company Limitsd by Guarnntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 25. Analysis of ¢hang•s in net debt At 1 April 2022 Cash flows At 31 March 2023 Cash at bank and in hand 1.26B,339 {287.7461 980,593 1.26B,339 {287.7461 980,593 26. Ponslon commllmonts Defined cctntribution pension scheme The Charity operates a defined cltributiOn penslon scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charye represents contributions payable by the charity lo the fund and amounted to £21k 12022." £57kl. An amount of £3k was payable to the fvnd at the balance sheet date and is included in creditors. The Charty operates a defined benefit pension s¢heme. The LGPS is a defined benefit slatutrjry scheme administered in accordance with the Local Government Pension Scheme Regulations 2013 and currently provides benefits based on career average revalued eamings. Full detsils of the benefits being valued are as set out in the Regulations and sumnarised on the LGPS website Iwww.Igpsregs.OTgl) and the Fund's membership booklet Iww.Igpsmember.Drgl- The administering authority for the Fund is Devon County Council. The Pension Fund Committee oversees the management of the Fund whilst the day to day fund adrninistration 1$ undertaken by a leatn ¥Mthin the administering authorty. Where appropriate some functions are delegated to the Fund's profe55ional advisers. On the Employerfs withdrawal from the Fund, a eessation valuation wll be cartied out in accordance wth Regulation 64 of the GPS Regulations 2013 which wll determine the termination ntribUtIon due by the Employer, on a set of assumptions deemed appropriate by the Fund Actuary. The most recent cornprehensive actuarial valuation of the LGPS was at 31 March 2022. In completing the calculations for pension accounting purposes, the actuary, Barnett Waddingham, also used the followng rtem5 of dats. which were received from the administering authority.. Results ofthe latest funding valuation as at 31 March 2022 Resutts of the previous FRS102 report as al 31 March 2022 Fund asset statement as al 31 March 2023 Fund income and expenditure items to 31 March 2023 Employer income and expenditu items to 31 March 2023 Details of any new unreduced eady retirement payments to 31 Mah 2023 Details of any setuements lorfrom the Employer for the period to 31 March 2023. Pago 42
TORBAY COMMUNITY DEVELOPMENT TRUST LTD IA Company Llmited by Guarants81 14OTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 KWiCH 2023 26. Penslon commitments Icontlnuedl Principal actuarfal assumptions al the BalanGe Sheèt dal? (expressed as weighted averages): At 31 March At 31 Mah 2023 2022 Dlscount rate FUre salary increase8 Future pension increases Inflation assumption 3.85 2.85 4.15 3.15 2.85 3.15 At 31 March At 31 Match 2023 2022 Years Years Mortalty rates lin years) - for a male aged 65 now - at 65 for a male aged 45 now - for a female aged 65 now - at 65 for a female aged 45 now 21.8 23.1 22.9 24.4 22.7 24 24 25.4 The Charity's Share ofthe a$5ets in the 5theme was.. At 31 March At 31 March 2023 2022 Equities Gilts Corporate bonds Propety Cash and other Ilquld assets . Other Overseas equities 23,000 24,000 36.000 6.000 25.000 3,000 40.000 135.(X)O 61,01)0 2S,000 3,000 46,000 128,000 Total hlrvaluo of assets 286,000 269.000 The actual relum on Scheme assets was £-10.000 (2022- £13,000). Page 43
TORBAY COMMUNrrY DEVELOPMENT TRUST LTD IA Company Limitsd by Guarnntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2023 26. Penslon commltments Icontinuedl The amourts recognised In the Statement of Financial Adivilies are as follows= 2023 2022 Current service cost Interest income Interest cost 33.000 7.0001 11.000 34,000 (5,000) Totsl amount r•cognised In th• Statsmont of Financial Acilvltlos 37,000 37,000 ovements in the present valuo of the defined benefft obligation were as follows: 2023 Opening defined benefft obh'g*ion Current service cost Interest C05t Contn"bubons by scheme participants Actuarial gains 423,000 33.000 11,000 2,LXIO 1151,0001 C105ing d•fined btrMflt obligatlon 318.0011 Movements in the fair value of the Charity's share of scheme a8sets were as fotlows.. 2023 Opening fair value of scheme assets Expected retum on assets Actyarial1059es Contiibutions by employer Contiibutions by scheme participants 269,000 (3,0001 {2,0001 20,000 2,000 Closing fair valuo of scheme assots 286,000 Page 44
TORBAY COMMUNITY DEVELOPMENT TRUST LTD IA Company Llmltsd by Guarantee) NOTES TO THE FINAMCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 27. Operating lea88 commitments At 31 March 2023 the Charity had commitments to make future minimum lease payments under no cancellable operating leases as follows: 2023 2022 Not later than 1 year Laterthan 1 year and not later than 5 years 4,724 5,962 1,124 1,686 10,686 2.810 Membèrs. liabilty EaGh member of the charitable company undertakes to conth.bute to the a¥sets of the company in the event of rt being wound up vthile helshe 1$ a member. or wthin ce year after helshe cea$es to be a member, such amount as may be required. not exceeding £10 for the debts and liabilities contracted before he15he ceases to be a member. 29. Rglatgd party transactlons Dunng the year. the charitable company has received Services worth £19.600 from Whafs Your Problem G.l.C, a Commuruty Interest Company which is connected to one of the trustee$. Pag? 45
TORBAY COMMUNITY DEVELOPMENT TRUST LTD RESTRICTED FUNDS FOR THE YEAR ENDED 31 MARCH 2023 30. Rvstrictsd fund$ Fund At 1 Aprll 2022 18,289 Income Exp At 31 M•rch 2023 17,J27 34,572 5.012 22 Advice & Medi*ion Asylum Seekers BLbilding Better Opportunites Bushcraft Skills CAF Grant Communty First CDmmunity Buildets Community Centres Community Grant Fund Community Investment Fund Evening Strollers Gardens & Greens IHeles Angels Heatth and Wellbelng Voluntsry Sector Nek Hdpline Jamtsstic Local Motion NATGC Making Melville Marvellous Mental Heallh & Engagement Project-, TWEP Mental Health Co-Design Mentsl Health Precept NthOn Abbot & Torquay Games PA Development Art Recovery Public Health and SorAal Care S•ndiass Sober Companion Step5 Forward Suicide Prevention Winter Discharge Broad5ands, Churst¢n and Galmpton Neighbourhood Forum Community Knoedge Fund- Young Fund Cost of Living- One Oevon Good Practice Mentors Imagine This Older Citizens Forum Phab- Acts"ng as bank account Shiphay- Community Partnership Torbay Community Partnership Torbay Soup Trader5 Register Project Ourbus 30.000 68.294 94.180 30.942 33.722 105,812 16,644 22 751 81,987 5,Q)00 4,220 454 13 122 20.000 268,649 318 478.673 75 751 8B,609 509 24.946 454 13 122 19.981 244,JS2 318 26Z,736 76 315,729 5,000 95,000 486.325 509 6S,864 364.318 388.614 697 226.635 2.734 2,734 78,516 10,718 78,106 410 718 5.553 75 10,0 5,553 75 4.110 4,110 682 47,352 5.741 27 34,579 9,500 882 20,967 35,687 20,000 51,OCKI 46,38S 92,428 23,030 49.113 2,500 11,WO 8A96 7.000 11,000 6,000 7,000 11,720 8,000 47.860 49.224 21,209 24,950 14,973 1,000 36,140 49,269 103,779 18,554 14.973 500 5,180 152,311 69.741 6.396 3.500 12.348 368 1,299 Z1,032 635.866 17.528 1,299 2.500 1.235.355 120.952 1.367.151 102,421 1.966,840