Ch#rlty re£btr•ll•n •urnber 1197214 TPCARING SPACLS CIO ANNUALR£poirr AIYD VNAUDrtKD FINAf4ciALSTATEMENrs FOR THE YEAR ENDED 31 DECEMBER 2•24 TP CARING SPACES CIO IIGALAND ADP•llNISTrATIVE INFORMATIOIY E Cl*k50n Cknrlty 1197214 Prloclpl ￿dre￿ UTht l. Bwem Mews Blythe Ro￿1 W140HN IDd¢peide4bt euuiD¢r David Fknward I Park Road Wick KingS￿n Up)n Thame5 KTI 4AS TPCARD¥G SPACES CIO CONTE P4 lrtderrfdax ex#rnine¢5 fEF St•tem¢nt of fin￿￿1￿1 adivitie5 Ba]&￿¢ sheet Notes to the fu￿￿111 sratemerts TPCARll¥G SPACES CIO TRusfEES REPORT FOR THE Y£4R ENDED 31 DECEMBER 2824 Th¢ Trustees presenl trir anr¥J•l iewxt financi￿ ft* the y¢ar end￿ 31 D￿embff 2024. The fmancial staternents have been wep¥ed in with the aCCLMmting FY>licies set out in note I to the financial statements comply with the Cknritys CIO Foundlltio￿ the CP4riiies Aci 2011 and "Ac¢tyJntin8 Kl R¢porting by Ch3Jilir5.' stat￿nent of Recornmenikd PrxtKe applicable to clJariti¢s pr¢poring th¢ir ¢owrts in accord￿¢¢ with tTrK FinarKial Rep)rtuig Standard appbcable the UK and Repthlic (Trf Ir¢l4nd (FRS 102)" (effedive l jam￿ 2019). Objectivu adivitiej The purp)se of the ¢harbry is to transforni ¢haTity spxe5 into haveThs that awble theircthnmuniiits to thrive. OUT main aims on ih)w we can xhi¢v¢ ow purpxe are: Bringing joy lo utilitarian spaces . Uniting the design Ind￿trY Eehind our corwffale and so¢iai reswjnsibility outreach . unlocki￿ the r(Knmercial Wentiai of previthBly Ovu1(￿ked ￿ underfundd charity 4i¥e8 . Listening to a charity's prdciical reqUirem￿ts aThJ interpreting thern tlyough irknlligeni deign . Ensurin8 the funclional space feels valued. lh¢ instityiw)nal envIr(K]nK￿ bec(xnes re51(Kative. • Creaiing a comfortabk and en¥irownent for t1￿ in n¢¢(L The Tn¥s*es have paid due re84rd ¢0 8uidw issueAI by the Clwity cOtnrri￿ in d¢¢idiD8 whi activilies the Charity should underta Achleve￿¢Dts amd perf(*rni*￿eS rttd￿ io embrxe a wide Tanke of needs *MI to￿¢5. Our 1k51￿ Was to transform their two largest spaces from fur￿lIOt￿l rather. tire41 soulless environmen￿ ifLto welcomin& ¢olourful, ￿M(0￿8b1e spaces. with improved xoustics extnsive stor4ge. We were deli￿ed to be able lo C￿nmi￿on Dave mar11￿ ao •rtist 8Th1 Big Issw Seller, who we through our proje¢1 at the Baron's c(m￿ Centre. io desisn a gi*ni mwal to decorak lh¢ laJ8¢$t rrm. We enlisled the support of many of 4)ur e￿abliShed partners for thi5 project aTrJ were delighted to atrraci ihe 5UPPOrt of a brilliani d¢¢orating And development compw ¥JMI a tskntrd joilw company. Both businesses hfyvc ¢XPT¢ss¢d a desi￿ lo stay ckn.ty arml to be involved with futuve PDJiXts. 't)nce tk work *un. Ihe crallsM￿p. the ca￿ the ￿￿n&￿SSIon the Skill of Ik painteTS and de¢orat(ry to theioiw team and desi￿ *am w8s p￿￿￿1. For the 4 week5 that they were L)n site. they iwme w of our kam. our family. TP CARINC SPACES CIO TRusfEES REPORT (CONTI￿D) FOX THE YE4R ENDED 31 DECEMBER 2Q24 From a business perspective, these rooms are in¢(rfthe stre4m. and the transfoTm*ion made them $0 much more attra¢live sellable. I tgn'l thank TPCuiD8 Spaces enougb f(r selectiti8 W." Camille Curtis- CEO- M&8bro Centre. LL￿d￿. On cornpletion of the pmject. we c¢￿ed a drinks tts Introd￿ T*ople th the MasbTQ C¢ntr deM￿)Strate our ¢apabililie& st¥)w d¢Mrs ￿>W iheir m(w Was SFMt, and encourage new supptsrtcts. This was a small Iwjt effective event that w&s attended by team membus rtpreseniing the tharithble foundation for the Prince aTMI Princess of Wales. new and e￿ab}IsI￿d p¥tsiers the loul ¢owKil, pr¢vious boKfaCIo￿ and rnany of the Masbro Centre C(Anrnunity afyi their Boxd of Directo1& lejVYet￿1LllS the M￿brO cen￿ has been in¢redibfy rewaTdin8 kn MCB Devel(ynenty knowi￿ tbat the work will have a positive im￿( on so rn￿Y pwpk's liv¢5 in th¢ communities that work In. We ¥e incredibly to have been involveiL- Michael Benham- MCB DeVelOFffie￿ts 2024 a y¢or Wcrfb ¢ommitmull fr(*n two Comp￿leS for c￿lributIOnS low￿￿ fijtwe projects. Ha￿ Rllu5i￿ fouThled a new Charity in mmory of his wife. Julia Rau5in& re¢ogni5ing those charities that wey¢ particularly cloje lo her heart. We *tre hc4)our&l to be on ihat list and will b¢ x¢¢ssing the donations for firtUTe FYOiCCt "The Julia Rausing is supporting TP CaTing Spa￿5 in OTdcr that more thar111￿ the people they SUPPOAL may benefrt ftom beauiifvlly d¢sigrtd spx¢s.- Ra￿81￿8 Tn￿1. We were a150 delighted to win the 5UPPOrt of Duigm In infiuefj1i￿ and Success￿ desip) comp•y with a slTong philatrthTQPi¢ and a fviv¢ leam. In 2024 members of the Winch kam tth)k part in a skydive lo raise mrtty for IP Cwing Spac¢4 iheiT CEO a￿1 Heal of D¢sign did a reading at the Carol Service arwj their Graphic Desigtw a55isled us With our Advurt CaleThknr De5igrn We will ir drawing on tbeir dr)na¢ion in 2025 iowwds ) bospithl retb)VAtion proje¢L In D￿nter 2024 we hosted our second TP Ctiring Spmccs C￿1 CorK¢rt. W¢ wffr f￿tUnate to knl scrfne wonderfill musicia￿* including a retwn from a FttViOUS perfonner, a ￿rfOrm￿￿ frorn a Turner Pocock ¢lient. We also had a super selection of rea(kys fmm th¢ world of design. This proved ts b¢ a great su¢¢¢4 ortt ag•in. uniting the industy. f3111￿ evayone with Christhw $PiTiI and attrxting over 600 atteTMkek We were delighted to suryJ&8s the wev10￿8 y￿r'S totals and taised £J7,710 from a combination of ricket saks Ind *Jvertising in the proyamme. n¢l*l revlew During the pericd the charity Incon￿ resoww of £67.453 (2023 £￿,602) a tsxal ex￿mIllure of £80,516 (2023 £62,495) resulti￿ in net deficit of £13,1)63 (2023 surplus of 28.107). It is the policy of the Chuity that wves￿ed fimds whi¢h ixen desigw*d for a sFrcific use sh(NAd be m•irtained at * level equivalent lo betw￿ three a￿1 six month's ex￿d1¢urc. Th¢ Truslecs consider that r¢servcs at this kvel will etL%urt in the evert of a Significant drop in fundi￿ they will be able to continue the Charity's current actiyities while considernticffl is given to ways itt which additi(M￿l funds may be rnixd. This (Jf T¢5¢r¥¢s ha5 bc¢n maintai￿d throug￿￿ the year. Tr cAR￿￿G SPACES CIO TRUSTEES REPORT (coNfiNUED) FOR THE YE4R ENDED 31 DECEHJEJI 2924 The Tntstee5 h&ve asse5501 the fflaior ri5Ls to vthich the Ch*ity is exw)s&t *MI ￿ wisfftd that Systems are in pla¢¢ to miti8at¢ exposure to the major risk& Strnctsrfy governxDee •lld The Charity is a ¢haritsble i￿rP￿ or￿15￿tIOn. The Trustees who served duri￿ the year up kn the d* of of the statements were: N Turner Honourknle E Clarkson C Ferg￿ffi Davie None of the TnL8lees h&4 any I￿nt￿ClaI inlere* In the company. All of the Th￿teeS 8re member5 of the ¢MipaThy and gueraftiee to contribute £1 in the event of a wiTrJing ￿. St8terneDt of Thste￿ nspoDsibllittes The Tru￿¢¢9 are Teswrtsible for preparing tk Tntste¢s Rewrf the financial 5taements in) accordanrx with applicabk law ¥nd Unitrd Acc￿￿1n& Standvds (un￿ed Kingdom Generally Aetepod A¢¢ounting P￿ti￿). The law applicable to cljarities in Engla￿1 and Wales Tequives the T￿￿1¢e5 io pw finanrihl 51alemen15 fc financial yew which give a ITh￿ and fair view of the state of affairs of the Charity of tkn in¢oming resources aThl application of resources ofthe ChaTity f¢x that year. In pfeparin8these financial swem¢nt¥ the Tnthtts are requiTcd to: - seleci suitsble ￿£￿Ing pjlicies al￿ then apply them ¢(Msi￿¢ntly. - observe th¢ prirKiples in the C7wilieg SORP.. . make judgements and ¢stimates tt￿1 ¥e re￿￿￿¢ *NI pnthK' . slate whether 8ppli¢abk accountin8 slandarth Iwe been followed sthjecl lo any mtherial dep3rtsirs di5rloxd and explained in th¢ f￿8￿(1￿1 st*men15' and ch8rity will Contin￿ in OFWaiM)rn The TTh￿eeS are wble for keeprng attowitiiig T¢¢ord5 that disclos¢ with reasonable accwacy at any time the financial position of Chatity aJyJ enable them to ensure that the financial 5fatement5 comply with the Charities Act 201 I, the Charity (Accounts and Rew)ns) R¢gulaiions 2(M)8 and the provisio of th¢ trust d¢¢d. They ar¢ a150 rcsponsible for safeguarding the &ssets of the Clwity and hence foT takiDB reasonable steps for tbe Fyevention det￿li0n of fraud and (rfher iryularlties. TPCARING SPACES CIO TRusfELS REpoirr (CONfll¥uED FOR THE YEAR ENDED 31 DECKVBER 2•24 The Tru5tee5 report was awToved by the BLMrd of Trusthe C D4vie TPCARING SPACES CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEFS OF TPCARING SPACES CIO I repjrt to the T￿￿teeS on my exarnination of the fthanciai stal¥nents of TP Caring Spatts CIO (the Charity) for the year ended 31 Decemtr￿Y 2024, whith are set out ￿ pages 6 to 14. Ruponslbllltlu •nd b*9h of rtport A5 the TrLLStees of the Charity you are YesFK)l￿1bIe forthe of the sthtements in aCcOrda￿e with the requirements of th¢ Chariti￿ A¢12011 (the 2011 Act). I report in respect of my exAMAnation of the Charity's financial statements carried oul under seclion 145 of the 2011 Act. In ¢anyin8 out my examinalion I have followed all th¢ oppli¢able DirEGtiOTS given by the Charity Commission under sectiffl 145(5Xb) of the 2011 ACL l•d¢p¢id¢o¢ ¢x•mlo¢r's sl*¢ethMI I have Completed my ex8miMrion. l eonfm lh* M) matters have come to my attention in conThe¢tion with the examination giving me ￿ust to believe that in any maierial respe¢t". accouniing were kept ill TesF*ct of the Clwity *$ requited by section 130 of the 2011 A¢1: or the financial s￿en￿nts do with r¢cords: or the fin￿18] statements do comply with the applicable requirements ¢onceming tk forni and cont¢Thl of a¢¢ounts sd Qui iti Charities (Aecounts and Rewts) Regul*it)n$ 2W8 ￿her ihan any Tequiremenl that the accounts give a Irue aThJ fair view which is not 4 matter considered as part of an independe examination. attention should be drawn in Ihis retth to enable a prcyr wthst•Mlin8 of the financijl 51aknn¢n15 to DAvid HO￿TI I Park Road Hampton Wi¢k Kingston Up)n Thames KTI 4AS D*led.. 25-06-2025 TP CARllYG SPACES Cto STATEMENT OF FINAficiALAcfivTTIES INCLUDING INCOME AND EXPENDrtURE ACCOUNT FOJI THE YE4RENDED 31 DECEMBER 2024 Unrestricted UArntrltted fuAd 2023 21)24 Note Donations and Iwi¢s aritable activities 27253 402(KJ 77.852 11750 Tothl Ino)rne 67.453 90.602 Ex dlt4r¢ o•: Charitable activiti 80510 02.495 Net (eipeodMiYeyl#eonk for the yarl Net movememt In lundj (13.(h53) 28.107 Fund bli4￿￿5 at l J*nuJry 21124 83.095 54.988 F•od bakn•¢e4 It JI De¢euber 2014 70.r)32 83.095 The statement of fina￿¢1￿1 xtivilies gtiiTh8 k6ses Tccwisd in the year. The sLiiemenl of financial t￿1Vill¢S all gains and l(W¢S Twised in the year. All w*txne and ¢xwxlitur¢ d¢rive from ¢ontinuin8 4GlivitiC5. TP CARING SPACES CIO BALANCE SHErr ASATJI DECEMBER 2024 21)Z3 N•t Curvtttl •ss¢ts Debtors Cash at bank and in h￿MI li 38,185 37Jll 56,250 29.930 75.696 86.180 Credlton: *mov•ts filll•i w#bln ont year (5.664) (3.085) N¢¢ ¢unYDt 70,032 83.095 N¢t ￿¢18 pettJ¥Jti liibility 70,032 83.095 The thnds of the Ch*rMy 70.032 83.095 70,032 83.095 The financial ￿ateme￿% wewe aptKoved by ik Tntsk¢s on.. .. . TP CARJNG SPACES CIO OTES TO THE FINANCIAL ￿ATEME￿rS FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢MDtiMi poTrle¥ Charlty IBfonn*tl•A TP Caring sP￿s CIO was wered as a charl￿1¢ Inc(wKati¢M Cwmisation on 20 December 2021 1.1 A¢eoMD¢IA£ coavatlo• Th¢ financia] stat¢m¢nts hav¢ b¢¢n w¢pattd in accord￿ wilh the Charity's Charity5 CIO Foundatko Ihe ChaTilie5 Act 2011. FRS 102 -The FinwKiai R9￿￿.￿ StaTrtsd 4wli¢able in tIK UK aT¥J Republic of Ireland" ('*RS 102-) the ChOTities sORP.A¢￿Unt1n& and Wing by awities: Slat¢ment of Recommeth Practice applicable to charities prtparing their in accordance wilh the Financial Reporting Sthndgrd applicable in tl* UK and liepublic of ITelaTrl (FRS 102)" (effective l J4nuary 2019). The Charity is a Public Ben¢fit E￿ •$ d¢fincd by FR5 102. The Charity has taken of the provisio￿ iti thE SORP for chariiies nol to pw a Ststcm¢nt of Cash Flows. The financiaj s¢atetnents ar¢ weF4r¢d in *¢rlin& which bs th¢ functio￿1 of Ihe Chaity. The fitwKial Sf*ments have been wep*ed ¥Nler the historical cost conveThtion.Th¢ wincipal xcounlin8 policies adopted art set b¢low. 1.2 Golni coBeern At the time of aprffoving the fllw1c1￿ swem¢M4 the Tn￿te¢S have a re￿nable expectatiiNJ Ihal the Charity has adequate re50wces lo continue ITh operational ¢xislen¢e for tk for￿¢¢abl¢ fu￿[¢. Thus the Truthes C￿tIn￿ to adopl tl* 8tsitig eM¢an b&sis of accounting in prryjring the fuwxial ststements. 1.3 Charll*blt Unr¢stri¢t¢d fiuth ar¢ •vailabk f(Y usc at the dixretion of the Tn￿ee$ in fllfthe￿ of theTr ch¥ilable obje¢iives. Res￿leted fi#yJs aye subie¢i to SFrtif￿ conditiofts by dOr￿ts or 8f4Atcrfs as lo lkn¥ tlw may be used. The Frt)ses atMI wes of the restri¢ted fiuth are set out in the n￿eS to the fjnancial ststements. Endowmeni fimds are Subj￿ ￿ specific coThlitioAs by doncffs that c8pi¢AI musi be maintsined by th¢ 1.4 Illeo￿t Income is re¢ognised when the CPwity is entided to it after any yfornwKe condiliong have l*en meL the amounts can be measured reli#bfy, atvj it is thal i￿Ome will be receiv￿. Cath donations are recognised on reeeipt. Cmher d(Thii¢)ns are recognised 0￿¢ th¢ Charlty has been xified of the thynatio￿ unl¢ss perfonnance ¢onditions requiTe deferral of ihe amouot. Income tax rt¢overable in relation to dcrfwi(qts r¢¢¢iY¢d urth fjift Awl or dccds of covenafit is Te￿￿]sed ai the lime of the thN*tion. TP CARll¥G SPACES CIO NOTES TO THE FINANCIALsfATEMENrs (coiYririuED) FOR THE YEAREIVDED 31 DECEMBER 2024 A¢¢o•ntkn£ ptsll¢l ICo•tl•Med) (knstrIb￿l0rL the amoum is know4 and re¢eiPI is exFYc*¢L If the am(th is not know￿ the legacy is Ireated as a ¢on¢irJgent asset. Expellditwf bs rwised once there is a legal or constnKiive ONig•t￿ io transfer economic benefit to a third party, il is Ffobabl¢ that a IraN8fer of e¢oMmic benefits will ir T¢qUit¢d in s¢trltmeni. and the amouth of the oEliWioD can ￿ measuted reliably. Expenditire is c1&5sifJed by xtiviry. The costs of exh ￿l¥￿ty are up of the total of di￿th costs and shared Costs, In¢l￿j]ng 5UPPOrt cos15 involved in und¢Tlaking ¢8ch activity. Direci Costs attributable lo a sin8ie activity are alkKated dirrcty to odivity. Shared COSLS which contrilxne trj more than one activity and supwjrt costs which are attrilyAable lo a single a¢livity are 4bPOrtion¢d b¢tw¢¢n those tivities on a b&%is ¢crtL%istcnt with thc of r￿Our¢¢5. Central staff costs are a110¢4ttd on the Ixsis of lime spEnL knciation all0￿d on ihc ￿nIon ofthe &uet's use. 1.6 Cajb and eqTAiv*knts Cath and cash cquival¢nts iJK1￿ C￿ iti hand, deposits held at call with ith. other slKrf-temi liquid investmeths with Origin￿ m&u11￿ of three month5 OT les& 4nd bank overdraft& Bank overdrnfts are shown within i￿rnWings in liabiliÉi¢s. 1.7 FIRancknl IDJtrumebts The Charity h&% elecled to apply wovisi**Employees**
**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**(Continued)**
**2024**
**2023**
**£**
**£**
5,376
26,667
532
2,529
130
520
6,038
29,716|**(Continued)**
**2024**
**2023**
**£**
**£**
5,376
26,667
532
2,529
130
520
6,038
29,716| |---|---|---| |||29,716| There were no employees whose annual remuneration was more than £60,000. ## **10 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. ## **11 Debtors** |**Amounts falling due within one year:**
Trade debtors
Prepayments and accrued income
**Amounts falling due after more than one year:**
Prepayments and accrued income
**Total debtors**|**2024**
**£**
-
475
475
**2024**
**£**
37,710
38,185|**2023**
**£**
56,250
-| |---|---|---| |||56,250| |||**2023**
**£**
-| |||56,250| - 13 - TP CARING SPACES CEO NOTES TO THE FINANCIAL STATEMEPITS (CONTINUED) FOR THE YEAR ENDED 31 DECEVBER 2024 12 Credltor&" falllmi d•e wlthl• M¢ y¢Ar 2024 2023 OtlKr twiion and socia] srfurity Trade creditors AC¢n￿lS and defenol income 725 450 1.910 1724 L940 3.085 13 Uirutrieted fund• The wrestricte4 funds of the ¢h¥ity the balances ofdonaticin5 A￿lsrants which nol subject to specific corAlitions by dorm￿ and srant¢X5 as to how tlw may be used. These include designaied which h&v¢ been $¢1 aside out of ￿n￿￿ed by trusk¢s for sp¢¢ific At l J•Jury loeomlDg Reswrc 2024 Tes￿rCe5 e￿¢•deAl December A131 2024 G¢n¢r8J fimds 83.095 67.453 {80.516) 70.032 Prnvious ymr. At l J•iTary IDc•Jsimg Re￿￿re¢l At31 2023 G¢neral 54,981 (62,495) 83.095 14 Relal¢d party tr*Ducdo Ther¢ w¢r¢ no dis¢losable rd*d p¥ty d￿1￿ Ik y¢ar (2023 . ￿). IS O¥¢it*ttdlni by Ihe Charity Thue were no gurnte¢5 given by the cknity duri￿ the ye•x. 16 Omtstaodioi Debt There is M) outstanding delx It the e4uI of the year ￿lCh is subjed lo a cjwge on the Charitys assets.