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 p￿CtiCe, -Accounting and Reportin8 by Charities" ISORPI 15s￿d 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 Crell*rtrWhitty 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. Tr￿stse 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. Carl￿8 Town Risk m?nagement The Trustees a55e55 the risk to whi£h Car*ng 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 show a true arkd fair view. The a¢¢ounts are prèparèd in sterling which is the fur￿lon3[ 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 ¢ontinu*to 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 ￿E￿ne[al statements for SerV￿ceS 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$s￿l3ted 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. Depr*csatton 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 recogrti￿d at the settlement amount due after any trade discount offered. P￿paYMentS 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 prDvlsfc*ns 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 r*EoRYEis•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.