Caring Town CIO Registered Charity Number 1207802 Trustees, Report and Accounts For the period from 11 April 2024 31 March 2025
Contents Parfe Legal and #dmlnistratlve informatlon Trustees. report structure, Governance and Management Objectives and A¢tiviti*s Financlal statements Stotement of finan¢tal activities 8alance sheet Notes to the finantièl st•tements 74
Caring Town CIO Legal and Administrative Information (The information below forms part of the Trustees, Report) Status Caring Town CIO is a Charitable Incorporated Organisation ICIOI re8istered with the Charities Commission of England and Wales Trusts*s Carole Ann CrelliTrWhrtty feresa Mary Louise Popham Bethan Jane Edwards Tony lope2 Charity number 1207802 Reeistered office 45. Copland Meadows, Totnes Devon TQ9 6ES Acrountant MAP Acwulltsnt5 2 Bridge Farni Offices HarbÉrton Totnes TQ9 7PP Bankers Lloyds 8ank PIC 31 Fore Street Devon TQ9 SHH
Caring Town CIO Trustees, Report The frustees present their repart and financial ststements fof the year ended 31 March 2025. The accounts have been prepared tn accordance with the accountin% policies set out in note I to the accounts and ¢ompl¥with the Charivs Memorandum & Articles of Association. and the Statement of Re¢ommended pCtiCe, -Accounting and Reportin8 by Charities" ISORPI 15sd in March 2005. Structure. governance and managernent Carin8Town ao IC¥ring Town) 15 a Charitable Incorporated Organi5ation ICIOI governed tn accordance with the Constitution dated 16 April 2024. It was registered with the Charity Commission on 11 April 2024. Caring Town 15 irEtending totake overthe assets and activsties of Caiing Town a company lim on l April 2025 The 803rd olTntstees The Trustee5 are-. Carole Ann CrellrtrWhitty Tere5a Mary LoulsÈ Popham Bethan Jane Edwards Tony Lopez Appointment of Trnstees Trustees can be appointÈd at any zeneral rneetin& provided the tonditions Outlined in the ch3ritWs governin6 document are met. Trstse Inductlon and tralnlnB . New trustees are given a copy of the Constitutlon, and the latest accounts ¥nd are explained their role by a Current member of the Board. Cont5nuinz trustees are advised of updates as they arise. Trustees are invited tg attend relevant trustee trainin¢ courses in for example goveman¢e and safeguarding. Or8anisattonal structure The charity Is governed by the board of trustee. Publk aenelit The Trustees, in their meetirw, have referred to the Chaffltles Commission guidance on Public Benefit in making their decision5. Carl8 Town Risk m?nagement The Trustees a55e55 the risk to whi£h Carng Town CIO is exposed on a continuous basis. This Includes the on-8oinK monitoring of core reserves15ee the reserves policy below). Objertives and activ¥ties Our oblectives: The objects of the CIO are= l. the lief of those in need, by reason otyouth, age, ill.health, di5abilitVJ social or economic circumstances living in Totnes and the environs. 2. the promotion of the efficiery and effectiveness of charities and the effedive use of charitable sourceS in Totnes and the environs by thaFtlable and non<haritable bodies forthe benefit of the public. The chartrty shall be non-party in polttits and nOeCtaan religiori.
Our ¥¥t$. Cari Town CFO was set up totake overthe assetsand acti¥ities ofCarir4 Town. a company limited by guarantee. Although the charity was registered wtth the Charity Commission ¢n 11 April 2024, the trustee5 decided not to take over the activities of the Company wlthin an accounting period which had aloady begun but instead to plan and set up the necessary system in orderto start acttvities at the end of the financial year. The transfer of a55ets and activities will therefore tske place on l April 2025 and there have been no financial Iransartions withln the period covered by this set of account. Appro¥al This report has been prepared accordance with the Slatement of Recommended Practice "Accounting and Reporting by Charities. (issued in March 20051. On behalf of the Board of Trustees cJtsGL. Carole Whltty Ichalrl ' Date(1: 12 January 2026
CARING TOWN CIO srATEMENT OF FINANCIAL AcfiviTIES for the year ended 31 March 2025 Unrestrlcted funds 2025 Restritted funds 2025 Total funds 202S Total funds 2024 Notes Incoming resources Incoming resources from 8ener*ed lund5 Voluntary income.. Donations & grarsts Incoming resources from choritable artivities 8ank Interest received Totsl incomsnK rÈsources Resour$ expended Charitable acte5 Costs of raising fvnd5 T¥)t•l resour5 expended Net IncornlnglloutgoinBI resour before transFers Gross transfer5 between funds Net Incomellexpenditurel for the yeor Net movement Infunds Fund balances at l January 2025 Fund balances at 31 March 2025
CARING TOWN CIO STATEMENT OF FINANCIAL posmoN as at 31 March 2025 2025 2024 Note5 Flxèd Assèts Tangible At$ CUrt assets Debtors Cash at bank and in hand Creditors". amountsfalllng due wlthin one yèar Nèt currLNnt assetsl{liabllltlesl Total Assets less Current Llabllltles Net assets Income Funds RestTlCted funds Unrèstricted fund These accounts were approved by the TNsteè on 12 January 2026 and signed on th$ir behalf bv Carole Whitty Chair
CARING TOWN CIO NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025 Accounts Policfjes '. Charity infom)ation ' Car4n6 Town ao 1$ a Charitable Incorpordted Or8onisation 1.1 Attounting convertion These accounts have been prepared in accordan¢e with FRS 102"The Firancial Reporting Standard applicable in tha UK and Republic of Ireland- I"FRS 102.1. "Accounting and R$porting by Charitie5" tb,& StètÈment of Recommended Practsce for charities applying FRS 102. and UK Generally Accepted Accounting Practice as it applies from l January 201S. Th¢ charlty ss a Public BenePIt Entity as defined by FRS 102. The di5closurt requlremer¥ts of sertion IA of FRS 102 haye been applied other than whère additltsnal disclosure is required t£> show a true arkd fair view. The a¢¢ounts are prèparèd in sterling which is the furlon3[ curTency of the charitv. The account5 have been p¥ppared under tho histpri¢al Cost convention. The principal a¢countin8 policip5 adopted are set out below. 12 Golng concern At the time Of approving the accounts. the tTUStees have a reasonablt e¥pect3tion that the charity ha5 èdequète future funding planned in ortler to Corrtinue in operational existence for the foreseeable future. Thus the trustees ¢ontinuto adopt the going concern basi5 of accounting in prEpaririB the account. i.a Incomlng resour¢e5 Iterns of incemè are recognised and Included in the ac¢ounts when all of the folltswing criteri3 are met.. The charity has entitlement to the funds." any perforrnance cortdition5 attarhed to the it¢mlsl of income have been met or are fully within the control of the charity- there is sufficient certainty that receipt ¢f tho in¢om is cot7sidÈred prnbable," and the aTnount can be rnBasurEd rel¥ably No amounts afe included in the Ene[al statements for SerVceS donated by volunteers. IA Resources eNgended Liabilities are recagni5ed as resources expended as soon as there is a legal or constructive obli6ètion comrnittinE the Charity to the expenditure. All expenditure ss accounted Cln thtr accruals basis. Charitable expenditure comprises those costs ncvrred by the charity in the delivery of it5 activities. It Includ2s both costs that can be allocated dtrectly to such activities and those tosts of an indirect nature neces5èry to support them. Governance costs Inclu(Je thctse ¢osts a$sl3ted wth meeting thè eonsiitirtional and statutory requirements of th? Charity and indude th? independent examintls fees and critts linknd to the strategic man3gement of the charity. All costs are allocated between the expend¥turE Cateeories of the SOFA on a basis designed to reflect the use of the re5our¢. Costs r4latln8 to a parti£u13r att.rJity a".e allocated directly,. othgrs are apportitsnèd on èn ppropr4ate basis e.g. staff time orestimated usage
CARING TOWN CIO NOTES TO THE FINANCIAL STATEMENTS lor the year ended 31 March 2025 1.5 Inecoverable VAT Irretoverable VAT is included the Statemerrt of Financial Activities and is reported as part of the expenditure to whlch tt lates. IA Tangible Fixed Assets Tangible fixed assets, other than freehold land. are stated at ctsst or valuation less depreciation and any pmision for irnpairment. Deprcsatton is providerl at rates calculated to write off the cost or va5uation of fixod assets. less their estimated res¥dual value. cwer their expected useful lives on the following b3515'. Fixturesand fittir Reduclng balat7ce 1.7 Fund accountin Funds held by the charitable cofnpany are elther. Unrestricted general funds- these funds can be used in furtherance of the charitable objective5 at the di5crÈtion of the Trusteo Board. Restricted funds- these funds can only be used for the particulaF restricted purposes within the objects of the charity. Re5trictiorts, which are leKally bindirg, arise whèn specifiod by the donor or when funds are raised for particular restricted purp05e5. The airn and use of each restti¢ted f16nd is set in the notes to th¢ financial statements. Transfers to tyr from iestyicted funds ère only made where a legal or con5tru¢tive Obligation has arisen requiring a transfer to be made. 1.8 Debtors Trade and other debtors arè recogrtid at the settlement amount due after any trade discount offered. PpaYMentS are valupd at the amount prepaid aftertsking account of any trade discaunt5 dul, 1.9 Cash at bank and In hand Cash at bank and cash in hand includes cash and short tem highly liouid investments with a short maturity of th months or lèss from the date of acquisition or op¥ning of the deposit or similar a¢¢ount. 1.10 Credttors and prDvlsfcns Credttors and provisions are recognised where the chatity has a presont obSi8ation resulting trom a past evep.t that wi51 probably resuli in the trarsf2r of fvnds to a third party and th£ amount due to 5ettla tho obligation Can be measured or estimated reliabfy. Creditors and provision5 are normally recognised at their settlernent amount after allowinE f¢rany trade dis¢ounts due. 1.11 Flnancial instwrnents The charity only ha5 financial asset5 liabilitles ol È kind that qualify as basic financial instruments. 8a51C financial instrurn•nts are initially rEoRYEis•d at transartion value and subsequently rne35urod at their settlementvalue. lefdl Status of the Charlty The charity is a Charitable Incorporated Organ*t)n lao) 1$ ro8ulated by the Charity Commission.