Charfty r8g1strau numb8r 117T169 Involve - Voluntary Actlon In Mld Dévon Annual Report and Flnanaal Statwnents for the Year Ended 31 March 2025 WESTCOTTS ¢HATI••O AtCOV4TlwY5
Involve - Voluntary Action in Mid Devon Contenls (continued) Trustees, Report 1105 Independent Examinerfs R8POrt Slatemsnt of Financial Aclivitig$ Balance Sheet Notes to the Flnanaal Ststsrnents 9t020
Involvo - Voluntary Actlon In Mld Devon Trustees. Report Th& trusts88 present the annual report tcgether wh thg financlal slatemonts of the ch*ity for the year eThaed 31 March 2025. Raference and admlnlstratlve detsils RegIStsr Chailty Name: Charlty Reglstrallon Numbor: Prtnclpal Offi. Involve Voluntary Acllon in Mld Devon 1177169 Coggan's Well House (CHATI Pho8nlx Lane Tiverton EX16 6LU F8llclty Jano (Pollyl Collhorpo Paul Munnery IResigngJ Jun 24> Dalsy Roblnson Alison Padfiekj Arnelia Horton (hppolnted Mar 24) Shannon McGlnley (Appointed May 25) Nicola Aver (Appointed Mar 251 Westcotts ISW) LLP Timberly South Str&el Aminster EX13 SAD Th• tru$ta•$ Independ•nt Examiner: SINcluro. govomanc¢ managem•nt Tho oyganisation 15 a roglst8red drfty (slnce 1988) govemed by its constilutlon wlth tmstee elerA&J ty the membgrshlp. Al assets ra transfÈtted lo lh8 CIO 89 of Nov8mber 1st 2018. ObJ•ctlvM and activities To support the efficiency efftiVenesS and tho effective use of charitatAe resour$ of Ihird tor Organisatic5 in Mid DDvon ty. 1. PdIrj support to aBslst in thelr good govemanc8. 2. BldlI¥j their capaLyty through suppc¥l, athce and infomatN)n 8ervins. 3. Llaising with and Cowordinoung vthh them to provide charftable 88Nlces to Improve the lfves of tho ns In Mid Dovon. 4. Fllitating oxip8ralton and partnershlps to promote their stNees by knging them together wllh public agencies and 8tatutory authorlJes In Mld Dgvon. 5. Identing gaps In tharltable 5ervic8s and suprxjrting them to fill those gap5. 6. pdIng a(fvocacy fef them and their ultimate beneficAaries, particularly w>th regard to havb9 their views hrd by tK)licy makers, 8ervice prLMders and fiJndgrs. 7. kqaSntsining a dalabase of thelr semces and projects whlch b8nefit people In Mld Devon. Page 1
Involve - Voluntary Actlon In Mld Devon Trustees. Report (continued) In these objecls the f(Alowing definitions apply.. al Yhird sector organis8tions' means charities. voluntary organis8trons and 80C4al enterpri8e5. bl"Charfties' are organisations which are estaLlr8h8d for exdusiv8ty charitablo purposes in accudanr8 with the law of England and Wales. hiwements and perforniance In the yoar we hav•: (11 Continued to be active participants in the Dgvon-wkle comnwnlty platlomi Devon Connect 8long our Dgvon Voluntsry Actic•n Partners. InvoSv8 provSdes the adminislraUon and m¢xleration for the Mid Devon Landlng pagè for which there was 175% growth Ihls year. sper to MSd D9von the plattorrn has 283 memberslgroup8 8ThJ 1639 users. Has advertlsed 612 eveTIts 182 volunteering opportunities 142 new eommunlty acuvlties. The plarfc¥m has 4818 members In total wlth 2.445 activities and 327 volurrteer opporiunitle8 an which CAn be accessed by Devon residents. (2) We malntained contact wth 400+ Voluntary and Communfjty Orgenlsations and projects based . or deliv9rlro servlces to Mid D8von providing thèm with good practice guldance 131 We BUPPOrted 82 groups In4opth 1..1 support In the period April 24- March 2025. 14) In th8 course of this financial year, we held Health and Wellbelng Alliance meeting$ quart8rfy in each of the 3 main towns Icrediton. Cullompton, Tivertonl induding 107 community groups in total - 0 350A increase. We also facllitated a District wid8 Food Neork whlch met 3 Umes. In aN 24 groups particApat8d in thgse neiworks and eontinued to shafg Informallon and produce a WhalsApp group 8et up to support theirwork. The netsyorks focus on understanding Ihe gaps In their communlties and eyploring how to address those needs through greater partnershlp worklng and un(lerstanding. {51 Togelher with our Senior Comrnunity Development rde we held regular listening events in Cullompton and Creditrjn durfng the year wth a variety of groups IndudlNJ the famity hub, library, P8wnl Peer Group. Communty Connectors ¥nd Cancer Supwl offertng infom18tlon and gatherfng Ideas 8nt1 local rd. 161 Invofve continuèd lo managa dedicated part-lime staff to the maln trAvns of Cullompkn and in Crediton Ihbs year in a communlty buik1ing role. These roles enhan our intslli99nce aLt the communities wg Strive to support and are also ari on the ground resource for those lotal communities. They support the local community to sat up muth needed groups and actlvities to fill local need. In 2024-25 our community bJllders'. la) Continued to develop the retir8d famers groups in Crfjdilon- avgrage gttgndarKg 45 gach meeting wth 85+ members. (bl Held a VOnteer Stsnd In June- 120 attended across lh$ day. (¢1 80 y)ung people attenthd B Summar Youth programma in Credlton. (dl Held 3 Mid Devon F8mlly Hub Meetings wth a total of 45 Partipants. lel Sel up Cullompton's ffirst Repair café toggthgr in partnershlp wllh Uffculmg Ropglr ¢8fé. (fj Worked wth Macmlllan to set up regular cancer Gafes. Page 2
Involve - Voluntary Action In Mld Devon Trustees. Report (contlnued) {gl Set up the Fcod Insewrity Project in Credilon in partnership wilh the l¢)¢d food bank and raised funtls to run a food hub with c(K)kirKJ sessions. Ihl Held regular Listening Cafes lo hear what lo(al people want for their communlty. Started a pegr support group for parents of SEN chlldren. Prowded f8ce-tO-face connections and 8ocial media proMOtnS., support lo I&1 groups Includlng regular newsletters and dedIted F8ceth)ok pages. 171 Cornmunlty Buler I Connector role COnnUed In Cullompton supporting the d8vglopm&nt of local groups and Slgnposling lo servlces wllhln the area. Alongside this role we continued to administer th8 on4ine Community DITectory https.'Ilcullompton.Irwolve-middevon.org.uk} inct)rw)rating 38 or9anisations and activilies which 1$ now regulady used by communSty members. sodal prescribers, the local PCN and other groups. We also held inforrnation and training events for peopl8 interested in becoming a Community Friend. {8) Conlnued to manage and deliver scKial pr6scnbing support to Culm VaNgy Primary CaTe nthork through the employment of 3 social prescdtrS. These support8d 206 wellbelng coordinator referrals holplng people to find non.dlnlcal solutions lo Improve thelr wdlbelng with 4726 tolal contacts over the y8ar. Tho main reasorts for refOal$ were mental h8alth and lonellness Ilsolalion. 32 people enrolled on HOPE courses i) Mid Devon. 74 people enrolled on HOPE wurses in East Dgvon managed by Involve. (g) We conunued to CODrdinale the new Youlh project in CuTrompton estsblished in response lo Ihgre b&ing no regular c047rdinated umler 18 youlh provlsion for the are8. Involve emplor& 8 senior communty uth worker and support workers to run tha growing club. Since the openlng of the dub thare has been a significant roduction In anti-social behaviour in the ar8a surroundSng The John Tallack Youlh 8nd Communlty Centre since the introduction of regular th club s8sslons. We now have 122 young peo8 r8glstered wlth: 78 Y(Arth Club sesstons In Aprll 2024- March 2025 On average 30 attend8nces per sesslon golng up to 44. Sports programs induding boxiro. Ya, pickleball, badminton. and frisbee. The Cullomplon youth work tsam delivered a six-month sport project for Ycng people in Cullompton. They also worked wlth the Youth Social Prescrfber from Young Devon to SUKP)rt acces8 to lh8 youth dub for young pgople who rnay not otheis6 8ttend. Delivery of Cullompton Youth Club Summer Sessions. Oev¢n People First o.) Involve continugd to host Devon People Fir81. a semi-independenl peer 8dvoca¢y group for people vAth learThng diffjculties managed by a t•)ard of representatNe. a mamberof whom is a Trustee of Involvo. D•von People Flrst provld•s'. Indlvldual advocacy. The Is provtded by a peer advi)cate follobving an intematlonal model of worf(Ing Vlctlm Support: funded through the Poli and Crime Commissioner support5 those who have b6en a viclim of crime. 16 indivlduals have been supported this year. Beneficiarles of the seNi rgport an Increase In self-esleem, sense of empowerment and thelr perceptions of safety, as well as havin9 the Confk1Ce to pathipate in social activitSo thich 15 $0 often affected by being a vi(*tn of crime. Page 3
Involve - Voluntary Aetion In Mid Devon Trustees. Rgport {continued} Sery1 User Engagement: faalrta15ng and enabling particip81K In a range of partnershlp and engagement meetings c(OrdInatsd by Devon County Counul ensuring that the vi8 and perspectives of people wilh leaming (lifficumies are heard. We have supported 7 Feople to participate in these meetings this year. We re8¢hed 2500 peop wth first contacts. Th8 me81ings Include a Co-Production Worklng Group. The aim of thls group Is to change Iho oulture in Devon County Council s¢ tt)at Cowproduction 18 fundamental to the commlssionlng Cyclo. One vdunteer s11 Joln the WOTkhg group. Devon People First and Ils volLTntsers dellvered 23 Co-producllon AwarengS5 tralnlnty mgetjngs for DCC tm1s510ners. appropri8t8 Staff 8nd strategic partner$. where cornmissioners re¢eiv& SUPPOrt on how lo d81iver new projects using co-producllon. There were 42 volunteer attendances. We contlnued lo deliver lh& successful Dnllne Frlendship Groups. This prolect Is a Devon Leaming Disability Partnorshlp Board inllithe lo help people wth leaming disabilities feel less bnely and isolat8d. The FriendshSp Groups ran weekjy all year for people wlih leaming d15ablliti8s in D8von. Members of Ihts groups have supportsd DCC through consultallons and some have evan been on DCC intervlew panels wllh our support. We currently have 42 rnembers of the online Friendship Group5 with on average 10 19 12 attending each meeting. Devon People First aChIev 515 Friendship Group attendr£s. We also sel up new in-person Fii8ndship groups Cullompton, Honiton arKI CltOn which attracted 37 Mem[$ in lotsl wth 234 attendances. We ran a pilot Disablllty Awar8n8ss Irwning th 15 attendees. W9 estsbllshed a naw onllne Devon People First easy access dlrectory of 8ervlces lor pecple th aming disabirrties which has had 737 visitors sino¢ Its launoh. Inanclal rnvlew During th8 pewlod the Charity received income of £186,295 {2024.. £162.213). Of thls Incom8 £35.510 12024.. £4.118) was (tni8Strictsd and £150,78512024: £158.0951 was Tastdcted. The Charity Incurre expenditurè of £233.45012024'. £215,205) durtng thts ye8r, of which £83.44312024: £83.964} was unrestdcled and £150.007 (2024.. £131,241) was retholed. Al 31st Merch 2025 the Ch8rity had nel assets of £140.55512024.' £187,710) olwhich £4,94812024: £52,881) was unrestrfcted and £135.607 {2024: £134.829) was r•strictod. Res•rvos policy The Tnjstees are 6atisfied that th816v81 of reserves as shown on the balance sh881 are adequate to cover kn¢)wn and anticipatwj costs In the sl)ort tsrni. Res8rvgs will kèpt to Or mandatory redranCY payments for staff and funds requlr8d to o)ver lon9 term agre8m8nts as wen as an agreed amwnt to cover gener81 runnlng costs. Rlsk managem•nt Rlsks to which the chartty is expos&d are rggulady reviewed by the Trustees. The finanThal rewds of the chaftiy a written up each month and a report ofthe posthon lo dats reported to tha Board. Eath project Is ¢Yosely monltored to assess the progress against bLKlgeted Income and ts. Intomal rlsks are mlnlmlsed by proc4dure8 whith requlre authorfsation of all transactions 8nd proJ9cts and a system of regular supervision and apprysal to ensure consistent quality of delivery of all Operati(al aspects of th& ch*lty. Page 4
Involve - Voluntary Action In Mld Devon Trustees. Report {contlnu8d) Public benefrt In Flanning our activrt for tho year have kept In mlnd the Charity Commlsslcfi guldance on public benafft. Statsrnent of truBteeB' responslbllltles The trustees are responsible for preporing the Trustees. Annual Report and the flnancA81 statsments in ac1))rdan wth appllc8tJe law and United Kingdcffl Gengrally Accgpted AtIng Practlce. Company law requires the trustees to prepare financial statements for each financial year which give true and fair view of the slate of affairs ol the tharit8ble company and of the Incoming resources and application of resourcgs, induding the Income and expen¢Jiture, of the charitable company for thal period. In preparing these financi slalemenls, the trustsgs are reqJJlre(J to: - select suita1e accounting pollde8 and then apply them consistendy,. - obseNe the methods ond prfnciples in the Charili8s SORP., - rnakeiudgements 8nd estimates that are iea50nable and prudent,. - stste whèther applicabla UK AccountiThJ Standards hava be8n followed, subject to any materSal departures disclosed and explained in the finandal 3tstements'. and - prepare the financlal ststements on the going concem basis unless tt18 Inappropriate to presume that U)e charitable company WIU contlnug In operaticfi. The TnleeS are responsble for kooping prcsper accounting records whlch disGlose wlth reasonable accuracy at any tim• th8 finandal wsitbn of the charitsble company and whlch 8nabl8 thèm to onsura that th8 finanual statements CoMY with the Companles Act 2006. They ale 81so responsible for safeguarding the ass&ts of tho charitable company aThl hen for tskln9 rea80n8ble steps for the prevention and deteclon of fraud and othèr irr8gulariliès. Small company wovisions Thls port has been prepared in aotsrdance wth the special provislons for small companies under Part 15 of the Companies Ad 2006. The IN8tees' annual roport was approved on ...... . and &gned on behalf of the board of F J Cotihorpg Chairman Pa98 5
Involve - Voluntary ktlon in Mid Dovon Independent Examinerfs Report to the trustses of Involve - Voluntary Action in Mid Devon I repJrt to the tNsté8s on rny examingtion of tho accounts of Involv8 - Vokmtsry Actlon In Mld Dgvon for the year erKled 31 March 2025. Re$pon5ibilities and ba$1¥ of report As lh8 charfty trustees of Involve- Voluntsry Actlon in MSd Devon you are responslblo for th8 preparatlon of the gccounts kn accvrd8nce wlh the requirements of Ihe chare3 Act 20111'lh8 Act,). I report in resp8¢1 of my examinatton of thg Invojve - Voluntary Aotion in Mld Devon's ac¢J)unts Vdrrfed out Urer section 145 of the 2011 Act and in carrying out my examination I hava followed 811 the appllcabla Directtons given by the Cherity Commission under sedon 1451SXb) of the ACL Indepèndent examlne¢s statement I have completed my examination. I confirm that no material matters have ty)me to rny attention in connection with the examination gwing me cause to belleve that in any material respect: 1. aOuntIng r8ccds were not kept In rospect of Invofve- Voluntary Acuon in Mid Deveffj 88 requir¢d ty s&tion 130 of the Act.. or 2. tha accounts do rK>t a¢¢ord wilh those records. or 3. the accounts do rh)t oornply th the accounting requirements con(ming the fom and content of accounts set out in the Charities lACunts Reports) Regulatlons 2& oth8r than any requirement that the accounts giv8 a Irue end fair vievl %thich is Trot a matter 0)ndered as part ol an Independenl examin80. I have no concerns and havè come a¢¥os8 no othgr maitgrs In o)nnectlon wrth th• 6xaminalion to which attention should b8 drawn Sn Ihbs report in order lo enable a proper understanding of the ac(xJunts to be reached. Mr S J Carrlngton FCA. IndepeTrJent Ex8mlner For and on behalf of WgStg)tts ISWI LLP Timberty South Street Axminstsr EX13 SAD Date.. 7f ?.7ts< Pagg 6
Involvo - Voluntary Aetlon in Mid Devon Stat8ment of Flnanclal Actlvltlos for the Year Endod 31 March 2025 Unr•strktsd fd5 RfrstrSctsd funds Totsl 2025 Total 2024 Not? kn¢om8 and Endowmgnts from: Charitatrle activities Investment income 32,238 3,272 150.785 183.023 3,272 158.420 3.793 Total income 35.510 150,785 186,295 162,213 Expendlture on: Charftable activities 183.443 150.007 1233,4501 1233.4501 1215,205 215,205 Total expendfture Nel {exndItUreyInC0M8 Nel movement in funds 83,443) 150,007 47,9331 778 147,15SI (52.9921 (52,992) 147.9331 778 147.155> RKon¢lllatlon of fvnds Totsl funds brought forward Total furKls caThied foThvard 13 52.881 134.829 187,710 240.702 4,948 135.607 140,555 187.710 Al crfthe charfty's advltl88 derlve from conllrwJlng operatlons durfng Ihe above p*iod$. The fimds lyeakdown for 2024 is shown in note 13. The rtotes pages 9 to 20 fomi an Intsgral pÈrt of these ffinan¢ig1 slalements. Page I
Involve - Voluntary Actlon In Mid Devon {Reglstration number: 1177169) Balanc8 Sheet as at 31 March 2025 2025 2024 Not• Flxed assets Tangible assets Current assets DebtOT5 Cash at bank and In hand 10 5.935 9.151 11 10.865 146,876 26,554 159.587 157,741 23.121 186,141 Credltors: Amounts falling duo wllhln one year Net eurr•nt assets 12 ,582 134,620 178,559 Not assets 14D.55S 187,710 Funds of the ch•rlty: Restricted Incom• fvnds Restited funds 135,607 134,829 unrestrict Income funds Unrestricted funds 4,948 52,881 T¢)tsl fund$ 13 140.555 187,710 The fln8nth81 ststements on pages 7 to 20 were swVed by the trustees. aTMJ aulhort8ed for18gJe on ....1.:..%& and 8igned On thglr beh81f by. F J Coltho Chaim)an The notes on pages 9 to 20 forni an Integral part of these fin8•81 statements. Page 8
Involve - Voluntsry Action In Mid Devon Notes to the Flnanclal Statements for the Year Ended 31 March 2025 1 Accounting pollcles General infomiatlon The charity is 8 public benefit entity and a registered charity in Engand and Wales and is a charitable incorporatèd organi5811on. The address of the prfncipal office is Ccggan's Well House. Phoenix Lane, riverton EX16 6LU. 8tstoment of compllan¢• Th• financial statements have been PTgpar8d In ac¢cYdance wf(h the Sen¢j edlllon of the Charrti&s Statement of Recommgnded Practice issued in O¢lob?r 2019, the Flnanclal R8Ptsrting Standard applthble In the Un4tsd Klngdryn and Republtc of Ireland IFRS 102) and thg Charili6s Act 2011. Basls of preparatlon Invofve - Vohjntary Action in Mid Devon maets the definiu1 of a public benefit enb'ty under FRS 102. The accourrts {flnancial statements) have been ppared under the historical cost convention items remnised at ¢ost or transaction valug unless olherwlse stsled in the relevant nolel8) to thesé accounts. Golng con¢wn The trustees con8lder that there are no matérlal uncertaintios about the charitys ablllty to ¢ontlnue as a gdng concem. Judgaments and k•y sources of estlmatlon uncertainty Tha prgpaTrtion of the finand81 stal8rnents requires man8gement to make judgements. e3timates and assumplwjns that 8ffecl the amounts reported. These eslimates and judgements are cOnnuallY reviewed and aye based on experience and other factors. induding expectations of future events thal a believed to bg reasonable under the otrrAJmst8nces. In¢ome and endowm•nts l income is recognised once the charity has entiliement to the income, it is probable that the income will be r8C8ived and the amount of the income (ecèivabla Gan be measured rel19Y. Donatlon$ •ndlegacles Donations are recognised when the charity has been notified In writing of bjth the amount and settlement dale. In the event that a don8tion1s subject to conditions th8t raqulre 8 levd of performance ty the charity before th¢ tharity is enliued to the funds. the Income Is deferred and not reccwised until either Ihose conditions are lulty mgt, or the fvffilment of those conditions is wholly withln the fttrol of the thermy and11 Is probable that these condllk)ns will be fulfill8d In tha reporbng perba. Legacy gifts arè r8o)gnlsed on a case by case basls following the grant of pr(A)atg when the administratorlexecutor for the estate has communicated in writin9 both Ihe amount and settlement 118te. In the onI that Ihe grft ts Sn the fomi of an a888t other than cash or a tlnanaal asset traded on a remgnised stock exd)ange, recognition is subject to the value of the glft belng reliably measurablo th 8 Ikgree of reasonable accuracy and the to the as5el having b88n Iranstgrred to the charity. Pay¥ 9
Involve - Voluntary Actlon In Mld Devon Notes to the Flnancial Statements for the Year Ended 31 March 2025 (contlnued) Investment Income Dividends ara recognised once the dividend has been declared and notCatIOn has bw r8c8lved of the dNidend due. ExpÈnditure l Qxpendilure is recognised once there is a legal or construclivg obligauon to that expenditure, il is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expendlture heading thal aggregate similar costs lo that catsgory. Where Costs cannot bè directly attribu18d lo parbcular headings they have been allocated on a basis conslslent Mth the U8e of resources, vJlth central staff costs all¢)¢ated on the bass of time SFenl. and deFwation charges allocated on the portion of the asset's use. Other support costs 8fe allocated based on the spr8ad of staff costs. Charitabl• activlti8 Charit8ble expenditure comprisès those costs Inculd by the charity in Iho delivery of its activliles and servicas for Ils beneficiBrSgs. It Includes both costs that eAn b8 8110¢8led directty to such ac1NeS and those costs of gn Indirect natur& ne¢g8s0ry to support them. Support costs Support costs indud9 central funCtiL8 and havo been alth8led lo advlty ¢>)St calegoroes orb a basis consistent wfth the use of resources, example, allocating property costs by floor are88. or per caplta. staff costs by the tkne Spent and other costs by thglr usage. Taxatlon Tha thaiity Is COldered tr) pas8 the tesis set oui in Paragraph 1 Schedulé 6 of the Finance Act 2010 and therefore il rne8ts the definitn of a chadtable cornpany for UK corpor81ion t8x purposes. Accordingly. ¢hartty 15 polentiamy exompl from tsxation in respect of in¢ome or capital galns recelved w(Ihin rategories cOVed by Ch8pler 3 Part 11 of the Corporation Tax Ad 2010 or Se(on 256 of the Taxation of Chargeabla Gains Act 1992. to the extent th8t su( Incomè or gains a aFf)118d lusive1Y to Chants puOses. Tangible fixed assets Indlvidual fixgd ass8ts ¢ostlng £100.00 or more are initialty reCded al cost. Deprnclatlon and amortis•tion Depreciation is prowdèd on tsngible fixed assets so as trj write off tho cost or valuation, any 8sllmaled resu81 value. over thelr expected useful econornic life as follDWS: Assèt cla8$ Furnire & equipment Deproclatlon method and rat• 20% Straight Ilne Cash and cash aqulvAlents Cash and cash equivalents corryrfse cash hand and call deposlls. and other short-tem highty liquKI investments that a reathly converbbie to a known amount of cash and #r8 bject io an insignificant rlsk of chango in value. Pago 10
Involvo - Voluntsry Action in Mid Devon Notes to the Flnanclal Statements for the Year Ended 31 March 2025 (continued) Fund $tructurn Unrestricted income fvnds orè general fvnds that ar8 availablo for usg al the trustses discretion in furtherance of the objectives of the Charlty. Restrfctod income fijnds are those donated for use In a particular ar8a or for spe¢lffG purposes, th8 use of whth is re*rided lo that area or purpose. Pen8lons and other post rgtlrom8nt obllgations The eharity operates a defined contribullon pension scheme whi¢h is 8 pension plan under which fixed conlribub'on5 are pald into a pension fvnd and the charity has no legal or constructive obligation lo pay further contrIbuonS even rf the fund does not hold sufficAent assets trj pay all employees the benefits relating lo employee service In the current ar prtor periods. Contributions to defined contribUt)n plans 8re recognlsed in thè Statement of Financial Aclivitses vthen they are due. If contribution payments •xc8ed the contribullon éue for serylce, the excess Is reco9nised 88 a prepayment. Flnanclal Instruments Classlllcatlon Flnanual assets ond fin8nual liabileS are recognised wh&n Ihe charty becomes a party to the contracttjal provislons of the instrument. FanCial liabilittès and equty instruments are dassffjd accordlng lo the substsnce of the contractual arranggments entered into. An aquty instrum8nl is any contract that 8vidancos a rasidu81 Inlerast the assets of th8 charity after deduct)ng all of Its Ilablllues. Racognltlon and me8$urem8nl l fin8n¢lal assets and liabilities are Initlally measured al transaction prl¢e {indudlng transactlon costs), except forthose finanaal assets dasslflad 88 8t fair value through profrt or10sg, which 8re Irylially measured at fair valu8 Iwhith is norrnally the trans8clion price excluding transaction costsl, l18sS the arrangement consJtules 8 finanCIr transaction. If an arrangemant conslitules a financing transaction. the financial 888et or finanryal liability is measured at th8 present value of the lulure payments dlscounted at a market rate of Interest for a sirnblar debt Instrument. Financial assets and liabililies are onty offsei in the statemenl of financk91 position when. arwj only when there exists a lagally enforceable right to Set off the recognised amounts and thg charfty Intends either to settle on a net basis. or lo realise the asset 8nd 5elUe the liabilty slmurtarbeousiy. Financial assets are derecognlsed when 8fKI only when 81 the contractual rights lo the cash flo from the financial asset expl or are settd, b) the chartty transfers trj another paty substantially all of the risks and rewards of OwnehlP of th8 flnanclal asset, or cl the chadty. desplte having retained somg, bLrt not 811, slgnifieant risks and rewards of ownershlp, has Irdnsferred o)nlrol of the assel to )other paty. Financial liabilili8s are d8cOgnised only en thg obllgatlon $pgdfied In ¢x)ntracl15 discharged, canld or wmres. P8ge11
Involve - Voluntary Actlon In Mld Devon Notss to the Financial Slatements for the Year Ended 31 March 2025 (continued) Investments lllveslments In -COnvertIble preferene6 shares and nf-pUttab1e cKdinary or weference shares (Whe shares are publidy traded or their fair value is rollabty measurable) are measured al falr value through profil or loss. Where fair valug &qnnot be measured reliably. investmonts are measured al cost Jess impalrment. Investments in subsidiaries arKI associates aro measured al cost less Impairment. For investments in subsidiaries 8ffjuired for consideration induding the issuè of shares qualifying for merger reliol. cost 1$ measured by refvreft¢e to the nominal value of the shares issued plus fair valug of other consideration. Any premium is ignored. Derfvatjw financlal Instruments The chBrity use8 derivative finandal instruments lo reduce exposure to foreign exchange risk and interest rat8 movements. The charity does not TrKJld or Issue dedvauve finanaal instrumonts for spÈ¢ul8live purpo$os. Derivalivas are inlually recogni8ed 8t fair value al the date a deriva11 contract is entered Into and are subsequenuy remeasured lo thelr fair v81ua al eath reportfjng date. The resuming gain or loss is recognised li statèment of financial actNIt$ Immediately unless the derfvatlve18 designated and effeclive as a hedging Instrument, in which event the liming of the recognition in statement of financial actmlles d8P6nds on tha nature of th6 hedge relalonship. Falr valuo m•asurnment The best evidence of fair v81ue18 a quoted wce for an Iden¢01 asset In 8n active market. When quoted [CeS are unavailable. tha prics of 8 rÈ¢Ènl lrydnsaclion for an idenbcol asset provldes evKlence of falr value as long 8S there has not been a sEnMcsnt change in economic circumstances or a swJnificant lapse of time slnce the tr8n6acbon took place. If th8 market Is not 8Ctfve and rocent transactlons of Bn identi1 ASS8t on ther are not a go)d èstlmate of fair value, tha fair value is estimated by using a valuation tgthnlqu8. 2 Income from charltable actlvltl•s Unrestricted fund$ G•n•ral Restrlctsd funds Tolal 2025 Grants 32.238 150.785 183.023 Unr¢strlcted funds G•n•ral Restricted fvnds 2024 Grants 325 158.095 158.420 Pagg 12
Involve - Voluntary A[On In Mld Devon Notes to the Financlal Stalements for the Year Ended 31 March 2025 (continued) 3 Investment Income Vnrg$tri¢tod funds General Unrgstrlct•d fund$ General Total 2025 Total 2024 Bank interest recelvable 3.272 3,272 3,793 3,793 4 Expendllurg on Charltable adlvltles Unrestricted funds Ggnoral Restrlcted funds Total 2Q25 Prol¢¢i ¢osts Staff costs Support costs 13.857 58.652 10,934 83.443 38,101 108,603 5,303 150.007 51.958 165.255 16,237 233.450 Unr•strlctod fund$ General Rostrfctod funds Total 2024 Projèct Costs staff costs Suppcrt lts 15,177 54.598 14.189 24,642 101,702 4,897 39,819 156.300 19,086 83.964 131.241 215.205 5 Anaty8i* of Support costs Support costs allocat•d to ¢haritsbh activities Total 2025 Total 2024 PTemi8es CommunKallons and IT General office Professional fees Deprec4ali 4,742 17751 3,079 5,836 3,355 4,334 5.438 4,024 3,327 16.237 19,086 Page 13
Involve - Voluntary Action in Mid Devon Notes to the Flnanclal Statements for the Year Ended 31 March 2025 (contlnued) 6 Net Incomingloutgoing resotJr¢e$ Net outgoing resources for the year Sndude.. 2025 2024 Depreciatlon olfix8d 8888ts 3.355 3,327 7 Trustees r8munÈratlon and expenses During the year the charity rnade the following transactions vAth Iruslees.. Nicolo Summers £NII (2024.. £1391 of exp8n8es were rglmburse11 to N Summèrs durfng the year for travel costs. Or Dai¥y Kath•rfn• Robinson £NII12024.' £201 of expenses were reirnbursed to Dr D K Robinson the year ftjr wmmitte8 members training. No tntee8, nor any pexsons connectsd them. hav8 r8wved any remunèration from the charity during the year. No Iruslees have ¢8fved any ather beneffts from th8 th8rity durirKJ the year. Page 14
Involve - Voluntary Actlon In Mld Devon Notes to the Financial Statements for tho Year Ended 31 March 2025 (contlnued) 8 Staff costs The aggregats payroll cogts wwe as follow8.' 2025 2024 Wages and salaries Social security costs Penslon u)sts 138,190 17,172 9,893 165.255 132,194 15,128 8,978 156,300 The monthty average number of p8rsons (Induding senior managerngnt I leadershlp team) employed by thè charity durlng the year was a8 follows". 2025 No 15 2024 The average head count of employees durfng the ar wa5 12 No employee recefved emolLvnents of more Ihan £60.000 during the year12024: NII). 9 Indèptrndent examinerfs ramunorauon 2025 2024 Fees Payab to the indyndent examiner for. IndepeThJent examination of th8 financlal 8tslements 832 Py15
Involve - Volunlary Aetlon In Mid Devon Notes to the Flnanclal Statements for the Year Ended 31 March 2025 (contlnued) 10 Tangible fixed assets Furnlture & equipment Totsl Cost At 1 rit2024 Addiuons 16,622 139 16.622 139 At 31 March 2025 16.761 16,761 Deprgclatlon At 1 April 2024 Charge for the ar At 31 March 2025 7,471 3.355 7,471 3.355 10.826 10.826 Not bo¢k value At 31 March 2025 5.935 5,935 At 31 March 2024 9,151 9.151 11 D•btors 2025 2024 Trade debtors 10,865 26.554 12 Creditors: amounts falling due T*4lthln one year 2025 2024 Bank overthafts Trade creditors A(xrual8 11,672 9,212 2.237 5.501 2.081 23,121 Page 18
Involve - Voluntary Actlon In Mld Dovon Notes to the Flnanclal Stslements for the Year Ended 31 March 2025 (contlnued) 13 Fund$ Balance at 31 March 2025 Balanc• at I April 2024 In¢oming rnsourcgs Rosour¢o$ 8Xnd•d Unrestrict funds Gerwal General FU1¥ Credilon Wellbewig H&SCT Fund Htyding WP Cully WP Cffjditon 2,084 521 14,9e6 1,359 24.161 9.790 29,279 (63,0951 (31,732) 521 14.966 1.359 17.968 1.866 (6.1931 14.155 6,231 35.510 52,881 (83.4431 4.948 Restrlcted funds DPF Culty YP CV PCN HOPE Ukraine Proje 69,735 54.668 3.736 6.690 40.547 24,250 55,857 30,131 (33,5321 (27.1631 (50.8221 {37,7901 1700 1150,0071 76,750 51.755 8.771 {969) 700 134,829 150.785 135,607 Total funds 187,710 186.295 1233,4501 140,555 Page 17
Involve - Voluntary Action In Mld Devon Notes to the Flnanclal Statements for the Year Ended 31 March 2025 {continu&d) Bal8n¢e at 1 Aprll 2023 Bal•n¢e al 31 Mèrch 2024 Incomlng Resources resources exnded Transfers Unr•strlet•d funds Gon•ral General Funds Crediton Wgllbging STP &SCT Fur Holding WP Tiverton WP Cully WP Credilon COL COMF 7,719 521 23.629 9,606 1,359 5.871 38,861 34.464 11,514) 137,5221 33,401 2,084 521 {23,6291 5.632 (2721 14,966 16.7251 114.7001 124.6741 24.161 9.7 (1,550) 19,076} 9.147 1711 (83.9641 132.727 4.118 52.881 Retstrlcted funds DPF cul YP CV PCN MD PCN HOPE 58.832 36.633 1,979 37.895 45.990 47,502 {26,9921 {27.9551 {45,7451 69.735 54,668 10,531 107,975 26.708 158,095 130.5491 131.241 6.690 134,829 Total funds 240,702 162.213 215.205 187,710 Crediton Wellbeing- These funds have been designated by the Irustees to supt*Nt the wel1ng of those INirKJ In Crliton. STP- These frjnds have been design8ted by the tnJste8 to b8 spent on delivery of CVS community bjildlng actswkn'es and partnership worf(ing across Mld Devon Sub locality. H&SCT- Theso fund$ aro hgld to sUrt a dedlcatsd slaff role and its assodatwj costs. Fund Holding- Funds are to be spent on supporting older people in Tiverton only. WP- Tivarton. Cully and Cr8drton- Winter Pressures fundlng for communlty support coverlng Cullompton and Tiverton Community Conn8Ctors and Crediton Community Buildèr support and up advlce In ujmmunitles. COL- Cost of LNing lund- fvnd8 distribjted to Valit9 Mid-Devon ganISalI0nS who arolied to help vth COL support. Paga 18
Involve - Voluntary Aellon In Mld Devon Notes to the Financlal Statements for the Year Ended 31 March 2025 (ntinued) COMF- Funds are trj b$ spenl on the capaclty bUlldh 8Ctlvlty. DPF- Thi¥ is a fund held to supwt those wlh leaming dlsabllwes. Funds can be spent on rwenue and ¢aF4tal. Culty YP- Clllompkn Youlh project settlng up a youth dub I c4)sts of communlty youth devel0Fent wortgr and support staff. CV PCN- These funds are held to support a dedicated slaff role and Its assodaled costs. HOPE- HOPE coordinalor working in partnership wrfh running HOPE ccwrsgs (How lo over¢omg FblemS effectlvelyl 14 Analysls of net assets betwoen funds Unrestrlcted funds G•n•ral Total funds at 31 March 2025 Re5trlcted fund$ Tangible fixed a$8ets Current assets Current Ilabilities 4.040 10.944 123.121) 1.895 146.797 5,935 157.741 23,121 Totsl net 888ets 18.137) 148.692 140,555 unTtrIcknd funds General Total funds at 31 March 2024 R8$lrlct8d funds TaThJiblB fixgj assets Cuent assets Current fiabilities 6,548 53,767 17,SB21 52.733 2.603 132.374 9,151 186.141 17.582) 187,710 Tot net assets 134,977 Page 19
Involve - Voluntary Actlon In Mld Devon Notes to the Flnanclal Statemenls for the Year Ended 31 March 2025 (contlnued) 15 Relat•d party transactlong During the year the charlty made the followng related paty transacllons.. Old Heatheoat School Communty Centre This charity has a Irusteg In common wKh Involve- Voluntary Action In Mld D8von.) Includgd In the accounts is exp8ndrturg to Old H8athcoat School 8xpondltur8 of £21012024: £415). At the balance sheet date the amount due lolfrom Old Heathcoal School Communlty Centre was £Nil {2024- £Nill. Oevon Voluntsry Action IThls charity has a Irusloa in common th Involve - Vdunlary Actlon in Mid Devon.) Included in the aounts is &xpenditure to Devon Voluntary Acuon of £2.82512024= £NIII and Income from Devon Voluntary Action of £12,900 12024.. £NIII Al th8 bolan¢8 Shael dats the amount due lo Devon Voluntsry Actlon was £8712024 - £Nill. Page 20