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2024-03-31-accounts

TRANSITION CHIPPING NORTON 1202363

Annual Reports to Members

For the Period 16[th] March 2023 to 31[st] March 2024

Transition Chipping Norton

Charity Number: 1202363

Charity Number: 1202363

1

TRANSITION CHIPPING NORTON 1202363
CONTENTS Page
CHARITY INFORMATION 3
TRUSTEE’S REPORT 4
STRATEGIC VISION FOR THE FUTURE 6
SUMMARY OF THE FINANCIAL POSITION 8
TRUSTEES’ INTERESTS 8
STATEMENT OF TRUSTEES’ RESPONSIBILITIES 8
ANNUAL ACCOUNTS 9
ACCOUNTING POLICIES 13

Charity Number: 1202363

2

TRANSITION CHIPPING NORTON 1202363 1. CHARITY INFORMATION

TRUSTEES: Geoff Coleman (Chairman) Mike Cahill (resigned April 2024) Kim Fazackerley-Sale Linda Aspey (joined 26[th] September 2023) Duncan Brown (joined 26[th] September 2023) REGISTERED ADDRESS: 17 Quarhill Close Over Norton Oxfordshire OX7 5PS REGISTERED NUMBER: 1202363 INDEPENDENT EXAMINERS REPORT Dovey Accountancy Services Limited BANKERS The Co-Op Bank

Charity Number: 1202363

3

TRANSITION CHIPPING NORTON 1202363

2. TRUSTEE’S REPORT

The Board of Trustees has pleasure in submitting its report and financial statements for the year ended 31 March 2024. This report covers the period from 16[th] March 2023 (the date in which the Charity was registered with the Charity Commission) to 31[st] March 2024.

ACTIVITIES

Transition Chipping Norton is a charity whose purpose is to advance the conservation, protection and improvement of the natural environment and to encourage the prudent use of natural resources for the benefit of the population in Chipping Norton and the surrounding area. This will be achieved through promotion, awareness raising and skill sharing with all age groups to build community resilience to combat climate change and resource scarcity.

THE CURRENT SITUATION

OVERVIEW

The 2023-24 financial year was the first year as a registered Charity, having attained Charity status in March 2023. This saw Transition Chipping Norton (TCN) deliver a range of projects. There was significant growth in activities and reach in terms of the number of people and organisations that TCN engaged with. Income and expenditure both significantly increased over this period.

COMMUNITY

TCN have achieved respectable recognition and reputation in our community through a variety of activities.

We have also created a stronger bridge of communication between the Town Council and communities whose voices were less well heard, enabling their needs to be better understood.

EVENTS

TCN have supported community engagement with various collaborative events.

ACTIVITIES AND ENGAGEMENT

The list of activities that TCN have either led on or been key partners in delivering is significant and continues to grow.

Charity Number: 1202363

4

TRANSITION CHIPPING NORTON 1202363

Supported new projects to get up and running including:

Rusty Riders (a monthly bicycle clinic with guided rides)

People Planet Pint (a monthly sustainability social gathering)

Doorstep Giveaway (community based re-use and recycle events)

Our engagement with the community has grown significantly, in line with our aims for community building and support for this year. We have engaged with:

In addition we have supported connections and fostered inspiration through social media platforms including:

SOCIAL MEDIA & COMMUNICATIONS

The vast majority of communication is now digital ensuring that costs are kept low and engagement levels high. TCN have found that the vast majority, though not all, prefer electronic communication rather than traditional paper based methods.

TRAINING

Training will be an increasingly important part of the work of TCN as we grow our volunteer base.

In 23/24 we provided training or supported people to access training in:

OTHER ACHIEVEMENTS

Charity Number: 1202363

5

TRANSITION CHIPPING NORTON 1202363

Strengthened connections with a wide range of other organisations:

The Theatre Chipping Norton; The Branch; Chipping Norton Town Council; Oxfordshire Discovery College; Chipping Norton Green Gym; Chipping Norton Community Orchard; CPRE Oxfordshire; Local Environment Networks including Deddington, Barford, Sustainable Kirtlington, Sustainable Wychwood Action Group; Chadlington Climate Change and Biodiversity Action Group; St Mary’s Church; Chippy Larder; Hook Norton Community Land Trust; Evenlode Catchment Partnership; WISH; Replenish Oxfordshire; Cotswold Order of Druids; Chipping Norton Community Church; Cotswold National Landscape; Farm ED; Oxfordshire Youth; Breeze; Let’s Ride; Windrush Bike Project; Transition Telford; Orinoco Scrapstore, Banbury; Kev’s Bushcraft; Everyone’s Evenlode; The Ramblers UK; Tellus Mater; Oxfordshire Play Association; West Oxford District Council; Wychwood Craft Café; Cottsway; Sovereign Network Group, CAG Oxfordshire, Fungus Survey Oxfordshire; Oxfordshire Doughnut Economics Collective.

Positive Environmental Changes as a result of our activities:

SERIOUS INCIDENTS

There were no serious incidents to report to the Charity Commission during the period.

STRATEGIC VISION FOR THE FUTURE

To continue to provide a wide range of activities and opportunities for local people to engage with people in positive activities to improve the environment.

To strengthen our connection with marginalised communities and individuals to help ensure their voices are heard

Provide ‘umbrella’ integration, infrastructure and support services for local groups, including:

NEXT STEPS FOR FY24-25

Charity Number: 1202363

6

TRANSITION CHIPPING NORTON 1202363

Charity Number: 1202363

7

TRANSITION CHIPPING NORTON 1202363

3. SUMMARY OF THE FINANCIAL POSITION

During the period the charity had incoming resources of £42,707. During the same period the charity had expenditure of £30,277.

These accounts are prepared on a going concern basis. Taking into account the budget and cash flow for the charity for the year to 31 March 2024, the Trustees have reasonable expectations that the charity has adequate resources and support from group resources to continue operations for the foreseeable future. The going concern basis for the accounts has therefore continued to be adopted.

The financial position of the charity continues to be monitored closely. This is part of a strategy to provide longevity for the charity.

The balance sheet shows net current assets of £12,430 as at 31 March 2024 (this is the first year of audited accounts and so there is no comparison to make with the previous year).

4. TRUSTEES’ INTERESTS

The Trustees do not have any beneficial interest in the charity.

5. STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Charity Commission requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the surplus or loss of the charity for that period. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charity Commission requirements. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Each of the Trustees at the date of approval of this report confirms that:

  1. So far as the Trustees are aware, there is no relevant audit information of which those preparing the accounts are unaware; and

  2. The Trustees have taken all the steps that they ought to have taken as a Trustee to make themselves aware of any relevant audit information and to establish that those preparing the accounts are aware of that information.

This confirmation is given and should be interpreted in accordance with the guidelines of the Charity Commission.

By order of the Board

Geoff Coleman Chairman Dated: 12.09.2024

Charity Number: 1202363

8

TRANSITION CHIPPING NORTON 1202363 8. ANNUAL ACCOUNTS For the period 16[th] March 2023 to 31[st] March 2024

Section A - Statement of Financial Activities: Summary

Incoming Resources

Incoming Resources Incoming Resources Incoming Resources Incoming Resources Incoming Resources
Unrestricted
Funds
Restricted
Income Funds
Endowment
Funds
Total This
Year
Incoming resources from generated funds
Incoming resources from charitable activities £32,299 £32,299
Other incoming resources £10,408 £10,408
Total incoming resources
Total Incoming Resources £10,408 £32,299 £42,707
Resources Expended
Unrestricted
Funds
Restricted
Income Funds
Endowment
Funds
Total This
Year
Cost of Generating Funds
Charitable Activities £29,677 £29,677
Governance Costs £600 £600
Other Resources Expended
Total Resources Expended £30,277 £30,277
Unrestricted
Funds
Restricted
Income Funds
Endowment
Funds
Total This
Year
Net incoming/(outgoing) resources before transfers £10,408 £2,022 £12,430
Gross transfers between funds
Net incoming/(outgoing) resources before other
recognised gains/(losses)
£10,408 £2,022 £12,430
Unrestricted
Funds
Restricted
Income Funds
Endowment
Funds
Total This
Year
Net incoming/(outgoing) resources before transfers £10,408 £2,022 £12,430
Unrestricted
Funds
Restricted
Income Funds
Endowment
Funds
Total This
Year
Net movement in funds £10,408 £2,022 £12,430

Charity Number: 1202363

9

TRANSITION CHIPPING NORTON 1202363

TRANSITION CHIPPING NORTON 1202363
Total funds brought forward
Total funds carried forward £10,408 £2,022 £12,430

Charity Number: 1202363

10

TRANSITION CHIPPING NORTON 1202363

Section B - Balance Sheet: Summary

Incoming Resources
Unrestricted
Funds
Restricted
Income Funds
Endowment
Funds
Total This
Year
Fixed Assets
Current Assets (cash at bank and in-hand) £16,273 £16,273
Total Current Assets £16,273 £16,273
Unrestricted
Funds
Restricted
Income Funds
Endowment
Funds
Total This
Year
Creditors: amounts falling due within one year £3,843 £3,843
Unrestricted
Funds
Restricted
Income Funds
Endowment
Funds
Total This
Year
Net current assets/(liabilities) £12,430 £12,430
Total assets less current liabilities £12,430 £12,430

There are no creditors that fall due after one year. There are no provisions for liabilities and charges.

Unrestricted
Funds
Restricted
Income Funds
Endowment
Funds
Total This
Year
Net assets £12,430 £12,430

Funds of the Charity

Unrestricted
Funds
Restricted
Income Funds
Endowment
Funds
Total This
Year
Unrestricted funds £10,408 £2,022 £12,430

Charity Number: 1202363

11

TRANSITION CHIPPING NORTON 1202363

The charity had no recognised gains or losses during the year other than those reflected in the above accounts.

There is no difference in the reported surplus for the year and the surplus as reported under the historical cost convention.

The Trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with The Charities Act 2011 and for ensuring that these records are reported within the given timeframes.

Approved by the Board on

and signed on its behalf by:

Geoff Coleman Trustee (Chair) 12.09.2024

Charity Number: 1202363

12

TRANSITION CHIPPING NORTON 1202363

Grants for 23/24:

Sovereign Housing / iWill for our Youth Social Action Project at Cotswold Crescent, with additional funding to help start up a new Youth Club in the Town Hall

Chipping Norton Town Council for equipment, volunteer expenses and hall hire for our Tuesday Youth Club

Oxfordshire Communities Foundation for managing and developing our youth projects and linking them in with other community initiatives, including setting up a Swap Shop and Repair Café

Cottsway to continue our open access youth project at Cotswold Crescent

CAG Oxfordshire to help cover our Insurance costs, and a further £200 to fund activities in Great Big Green Week 2023

SNG to help create more opportunities for mental health support in Chipping Norton.

A total of £23960

(We have secured a further 3 grants from the Transition Network totalling £6000 to help support projects going forwards from April 2024.)

Charity Number: 1202363

13

TRANSITION CHIPPING NORTON 1202363

9. ACCOUNTING POLICIES

The principal accounting policies of the charity are set out below. The policies remain unchanged from the previous year.

BASIS OF ACCOUNTING

The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Charities Act 2011 and in accordance with the Statement of Recommended Practice (SORP): Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) as amended by the early adoption of Update Bulletin 1 published on 2nd February 2016 reflecting amendments to FRS102.

The Trust constitutes a public benefit entity as defined by FRS 102.

The trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern.

CASH FLOW STATEMENT

The trustees have taken advantage of the exemption in Financial Reporting Standard No 1 (revised) from including a cash flow statement in the financial statements on the grounds that the charity is small.

FUND ACCOUNTING

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

INCOMING RESOURCES

All incoming resources are included in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Voluntary income is received by way of grants donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

Charity Number: 1202363

14

TRANSITION CHIPPING NORTON 1202363

Annual Reports to Members

For the Period 16[th] March 2023 to 31[st] March 2024

Transition Chipping Norton

Charity Number: 1202363

Charity Number: 1202363

1

TRANSITION CHIPPING NORTON 1202363
CONTENTS Page
CHARITY INFORMATION 3
TRUSTEE’S REPORT 4
STRATEGIC VISION FOR THE FUTURE 6
SUMMARY OF THE FINANCIAL POSITION 8
TRUSTEES’ INTERESTS 8
STATEMENT OF TRUSTEES’ RESPONSIBILITIES 8
ANNUAL ACCOUNTS 9
ACCOUNTING POLICIES 13

Charity Number: 1202363

2

TRANSITION CHIPPING NORTON 1202363 1. CHARITY INFORMATION

TRUSTEES: Geoff Coleman (Chairman) Mike Cahill (resigned April 2024) Kim Fazackerley-Sale Linda Aspey (joined 26[th] September 2023) Duncan Brown (joined 26[th] September 2023) REGISTERED ADDRESS: 17 Quarhill Close Over Norton Oxfordshire OX7 5PS REGISTERED NUMBER: 1202363 INDEPENDENT EXAMINERS REPORT Dovey Accountancy Services Limited BANKERS The Co-Op Bank

Charity Number: 1202363

3

TRANSITION CHIPPING NORTON 1202363

2. TRUSTEE’S REPORT

The Board of Trustees has pleasure in submitting its report and financial statements for the year ended 31 March 2024. This report covers the period from 16[th] March 2023 (the date in which the Charity was registered with the Charity Commission) to 31[st] March 2024.

ACTIVITIES

Transition Chipping Norton is a charity whose purpose is to advance the conservation, protection and improvement of the natural environment and to encourage the prudent use of natural resources for the benefit of the population in Chipping Norton and the surrounding area. This will be achieved through promotion, awareness raising and skill sharing with all age groups to build community resilience to combat climate change and resource scarcity.

THE CURRENT SITUATION

OVERVIEW

The 2023-24 financial year was the first year as a registered Charity, having attained Charity status in March 2023. This saw Transition Chipping Norton (TCN) deliver a range of projects. There was significant growth in activities and reach in terms of the number of people and organisations that TCN engaged with. Income and expenditure both significantly increased over this period.

COMMUNITY

TCN have achieved respectable recognition and reputation in our community through a variety of activities.

We have also created a stronger bridge of communication between the Town Council and communities whose voices were less well heard, enabling their needs to be better understood.

EVENTS

TCN have supported community engagement with various collaborative events.

ACTIVITIES AND ENGAGEMENT

The list of activities that TCN have either led on or been key partners in delivering is significant and continues to grow.

Charity Number: 1202363

4

TRANSITION CHIPPING NORTON 1202363

Supported new projects to get up and running including:

Rusty Riders (a monthly bicycle clinic with guided rides)

People Planet Pint (a monthly sustainability social gathering)

Doorstep Giveaway (community based re-use and recycle events)

Our engagement with the community has grown significantly, in line with our aims for community building and support for this year. We have engaged with:

In addition we have supported connections and fostered inspiration through social media platforms including:

SOCIAL MEDIA & COMMUNICATIONS

The vast majority of communication is now digital ensuring that costs are kept low and engagement levels high. TCN have found that the vast majority, though not all, prefer electronic communication rather than traditional paper based methods.

TRAINING

Training will be an increasingly important part of the work of TCN as we grow our volunteer base.

In 23/24 we provided training or supported people to access training in:

OTHER ACHIEVEMENTS

● Won ~£32k in grant funding for FY23 to support our projects

Charity Number: 1202363

5

TRANSITION CHIPPING NORTON 1202363

Strengthened connections with a wide range of other organisations:

The Theatre Chipping Norton; The Branch; Chipping Norton Town Council; Oxfordshire Discovery College; Chipping Norton Green Gym; Chipping Norton Community Orchard; CPRE Oxfordshire; Local Environment Networks including Deddington, Barford, Sustainable Kirtlington, Sustainable Wychwood Action Group; Chadlington Climate Change and Biodiversity Action Group; St Mary’s Church; Chippy Larder; Hook Norton Community Land Trust; Evenlode Catchment Partnership; WISH; Replenish Oxfordshire; Cotswold Order of Druids; Chipping Norton Community Church; Cotswold National Landscape; Farm ED; Oxfordshire Youth; Breeze; Let’s Ride; Windrush Bike Project; Transition Telford; Orinoco Scrapstore, Banbury; Kev’s Bushcraft; Everyone’s Evenlode; The Ramblers UK; Tellus Mater; Oxfordshire Play Association; West Oxford District Council; Wychwood Craft Café; Cottsway; Sovereign Network Group, CAG Oxfordshire, Fungus Survey Oxfordshire; Oxfordshire Doughnut Economics Collective.

Positive Environmental Changes as a result of our activities:

SERIOUS INCIDENTS

There were no serious incidents to report to the Charity Commission during the period.

STRATEGIC VISION FOR THE FUTURE

To continue to provide a wide range of activities and opportunities for local people to engage with people in positive activities to improve the environment.

To strengthen our connection with marginalised communities and individuals to help ensure their voices are heard

Provide ‘umbrella’ integration, infrastructure and support services for local groups, including:

NEXT STEPS FOR FY24-25

Charity Number: 1202363

6

TRANSITION CHIPPING NORTON 1202363

Charity Number: 1202363

7

TRANSITION CHIPPING NORTON 1202363

3. SUMMARY OF THE FINANCIAL POSITION

During the period the charity had incoming resources of £42,707. During the same period the charity had expenditure of £30,277.

These accounts are prepared on a going concern basis. Taking into account the budget and cash flow for the charity for the year to 31 March 2024, the Trustees have reasonable expectations that the charity has adequate resources and support from group resources to continue operations for the foreseeable future. The going concern basis for the accounts has therefore continued to be adopted.

The financial position of the charity continues to be monitored closely. This is part of a strategy to provide longevity for the charity.

The balance sheet shows net current assets of £12,430 as at 31 March 2024 (this is the first year of audited accounts and so there is no comparison to make with the previous year).

4. TRUSTEES’ INTERESTS

The Trustees do not have any beneficial interest in the charity.

5. STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Charity Commission requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the surplus or loss of the charity for that period. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charity Commission requirements. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Each of the Trustees at the date of approval of this report confirms that:

  1. So far as the Trustees are aware, there is no relevant audit information of which those preparing the accounts are unaware; and

  2. The Trustees have taken all the steps that they ought to have taken as a Trustee to make themselves aware of any relevant audit information and to establish that those preparing the accounts are aware of that information.

This confirmation is given and should be interpreted in accordance with the guidelines of the Charity Commission.

By order of the Board

Geoff Coleman Chairman Dated: 12.09.2024

Charity Number: 1202363

8

TRANSITION CHIPPING NORTON 1202363 8. ANNUAL ACCOUNTS For the period 16[th] March 2023 to 31[st] March 2024 Section A - Statement of Financial Activities: Summary

Incoming Resources

----- Start of picture text -----
Unrestricted Restricted Endowment Total This
Funds Income Funds Funds Year
Incoming resources from generated funds
Incoming resources from charitable activities £32,299 £32,299
Other incoming resources £10,408 £10,408
Total incoming resources
Total Incoming Resources £10,408 £32,299 £42,707
----- End of picture text -----

Resources Expended

----- Start of picture text -----
Unrestricted Restricted Endowment Total This
Funds Income Funds Funds Year
Cost of Generating Funds
Charitable Activities £29,677 £29,677
Governance Costs £600 £600
Other Resources Expended
Total Resources Expended £30,277 £30,277
Unrestricted Restricted Endowment Total This
Funds Income Funds Funds Year
Net incoming/(outgoing) resources before transfers £10,408 £2,022 £12,430
Gross transfers between funds
Net incoming/(outgoing) resources before other £10,408 £2,022 £12,430
recognised gains/(losses)
Unrestricted Restricted Endowment Total This
Funds Income Funds Funds Year
Net incoming/(outgoing) resources before transfers £10,408 £2,022 £12,430
Unrestricted Restricted Endowment Total This
Funds Income Funds Funds Year
Net movement in funds £10,408 £2,022 £12,430
Total funds brought forward
----- End of picture text -----

Charity Number: 1202363

9

TRANSITION CHIPPING NORTON 1202363

Total funds carried forward £10,408 £2,022 £12,430

Charity Number: 1202363

10

TRANSITION CHIPPING NORTON 1202363

Section B - Balance Sheet: Summary

----- Start of picture text -----
Incoming Resources
Unrestricted Restricted Endowment Total This
Funds Income Funds Funds Year
Fixed Assets
Current Assets (cash at bank and in-hand) £16,273 £16,273
Total Current Assets £16,273 £16,273
Unrestricted Restricted Endowment Total This
Funds Income Funds Funds Year
Creditors: amounts falling due within one year £3,843 £3,843
Unrestricted Restricted Endowment Total This
Funds Income Funds Funds Year
Net current assets/(liabilities) £12,430 £12,430
Total assets less current liabilities £12,430 £12,430
----- End of picture text -----

There are no creditors that fall due after one year. There are no provisions for liabilities and charges.

Unrestricted
Funds
Restricted
Income Funds
Endowment
Funds
Total This
Year
Net assets £12,430 £12,430

Funds of the Charity

Unrestricted
Funds
Restricted
Income Funds
Endowment
Funds
Total This
Year
Unrestricted funds £10,408 £2,022 £12,430

Charity Number: 1202363

11

TRANSITION CHIPPING NORTON 1202363

The charity had no recognised gains or losses during the year other than those reflected in the above accounts.

There is no difference in the reported surplus for the year and the surplus as reported under the historical cost convention.

The Trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with The Charities Act 2011 and for ensuring that these records are reported within the given timeframes.

Approved by the Board on

and signed on its behalf by:

Geoff Coleman Trustee (Chair) 12.09.2024

Charity Number: 1202363

12

TRANSITION CHIPPING NORTON 1202363 Grants for 23/24:

Sovereign Housing / iWill for our Youth Social Action Project at Cotswold Crescent, with additional funding to help start up a new Youth Club in the Town Hall

Chipping Norton Town Council for equipment, volunteer expenses and hall hire for our Tuesday Youth Club

Oxfordshire Communities Foundation for managing and developing our youth projects and linking them in with other community initiatives, including setting up a Swap Shop and Repair Café

Cottsway to continue our open access youth project at Cotswold Crescent

CAG Oxfordshire to help cover our Insurance costs, and a further £200 to fund activities in Great Big Green Week 2023

SNG to help create more opportunities for mental health support in Chipping Norton.

A total of £23960

(We have secured a further 3 grants from the Transition Network totalling £6000 to help support projects going forwards from April 2024.)

Charity Number: 1202363

13

TRANSITION CHIPPING NORTON 1202363

9. ACCOUNTING POLICIES

The principal accounting policies of the charity are set out below. The policies remain unchanged from the previous year.

BASIS OF ACCOUNTING

The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Charities Act 2011 and in accordance with the Statement of Recommended Practice (SORP): Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) as amended by the early adoption of Update Bulletin 1 published on 2nd February 2016 reflecting amendments to FRS102.

The Trust constitutes a public benefit entity as defined by FRS 102.

The trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern.

CASH FLOW STATEMENT

The trustees have taken advantage of the exemption in Financial Reporting Standard No 1 (revised) from including a cash flow statement in the financial statements on the grounds that the charity is small.

FUND ACCOUNTING

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

INCOMING RESOURCES

All incoming resources are included in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Voluntary income is received by way of grants donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

Charity Number: 1202363

14

CHARITY COMMISSION FOR ENGLANO AND WALES Independent examiner's report on the accounts Section A Independent ExaMine￿S Report Report to the trusteesl members of Transition Chipping Norton On accounts for the year ended 31.03.2024 Charity no lif any) 1202363 Set out on pages 1-14 I report to the trustees on my examination of the accounts of the above charity l.the Trust ) for the year ended As the charity's trustees, you are responsible for the preparation af the accounts In accordance with the requirements of the Charities Act 2011 I'the Act.). Responsibilitles and basis of report I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515}{b) of the Act. Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect,. the accounting records were not kept in accordan￿ with section 130 of the Charities Act., or the accounts did not accord with the accounting records,. or the accounts did not comply with the applicable requirements concerning the form and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair, view which is not a matter considered as part of an independént examination. I have no concerns and have come across no other matters in connection wilh the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Dato: Name: Mr J M Dovey Relevant professional qualificationlsl or body {if any): FCCA Address: Heyford Park House. Heyford Park Upper Heyford, Bicester, Oxon OX25 5HD IER Oct 2018

Section B Disclosure Only complete If the examiner needs to highlight material rnatlers of concern (see CC32, Independent examination of charity a¢Gounts.' directions and guidance for examiners). Glve here brief details of any items that the examiner wishes to disclose. IER Oct 2018