Chard WATCH CIO Charity number.. 1209006 Trustees. Anniial Report For the year ended 3 1 March 2025 l. Reference and administrative details Charity name., WATCH CIO Registered charity number: 1209006 Registered address.. Tlie Boden Centre. Boden Street, Chard, Somerset TA20 2AX Date of registration.. 8 lilly 2024 Constitution: Charitable Iiicoi'porated Organisation (Foiindation model) Reportiilg period: 8 july 2024- 31 March 2025 Trustees durlng the reportlng period: Kate Staveley (Chairperson) - Adeel Ahmad - Kiln Tay Zoe Powell - jonathan Farey joanna Biickland Chief Executive Officer: lillie Matthews Bankers.. Barclays Independent examiner: Not appointed- nts financial activity this period. 2. Structure, governance and management WATCH CIO was registered with the Charity ComTllission on 8 July 2024 as a Charitable Incorporated Organisation (CIO). It is governed by its constitution, adopted upon registration. The CIO is led by a Board oF'I'rLlStees who are responsible for the charity's overall strategic direction, governance, and compliance with statutory requii'ements. Day-to-day Inaiiageiiient is delegated to the Lhief Executive Officer and senior staff team. The CIO was created to succeed Chard WATCH CIC, a Coinmunity Interest Cotnpany founded in 2010. The Board resolved to transfer to a charitable structure to strengthen governance. secure access to a broader range of grants, and enhance financial i-esilience. The transfer of all assets, liabilitie5 and operations from the CIC tn the CS0 took place on I April 2025. 3. Objectives and activities The charity's objects, as stated in its constitutinn, 31'e'. "To relieve social isolation ic nd proniote mental wellbeing among adults in Somerset and surrouiiding areas, pritnarily thi'ough peer-to-peer support, ediitation, and community inclusion." WATCH'S mission is to empower adult5 to realise their potential, strengthen peer coiinections, and biiild personal resilience through incliisive, community-based support. Activities during this period Betwee218 July 2024 and 31 M31'ch 2025 the CIO was in its set-up phase. No charitable activities or finanLial transactions occurred before l April 2025. Trustees focused on.. Establishing governance and legal franieworks., Opening baiik accounts and finaiicial systems.. Finali.£ing asset transfer ari'angements froiii the rir.,. Ensuriiig contiiiuity of services for members and funders once thc transfer took place. All operational delivery and funding activity remained under Chard WATCH CIC dliring this preparatory period. 4. Achievements and performance Although no charitable delivery occurred within this first i-eporting period. the trustees successfully.. Completed reL￿stration with the c.harity Commission., Recruited a skilled and diverse board., Secured continuity of leadei-ship through the CEO and managemeiit team., Prepared policy frameworks for finance, safeguai-din& and governance- Ensured partnei. and funder confidence duiing the transition. These foiindations positioned the charity strongly for growth and iinpact from April 2025 onwards. 5. Financial review Thei-e was no incoine, expenditiire, or assets recorded in this i-eporting period. All activity reinaiiied withiii Lliard WATLH CIC until l April 2025. Accordingly, a nil return will be filecl with the Charity Commission. The CIO s first active accountingyear will run l Api-il 2025 31 Marcli 2026 and irjclude all operational income. gi-ants, aiid expeiiditure following the transfer. 6. Reserves policy No reserves were held at 31 Marcli 2025. A reserves policy will be developed during 2025- 26 to ensure the charity can maintain service delivery and respond to uiiforeseen financial pressures once income generation begins. 7. Risk management The Board has ideiitified 3nd moiiitored the principal risk during this traiisitional pei-iod.. Continuity of fiinding and delivery during the transfer from the CIC to the CIO. Mitigatinn5 incliiclecl maintaining close comniunicatinii with funders, legal oversight OF the assct-transler agreement, and ensuring staff and volunteei. contracts were pi-otected. A full risk register and internal control I'ramewoi-k will be Jdopted diiring 2025-26. 8. Plans for future periods Frotn l April 2025 onwards, WATCH CIO will commence all operational activities previously run by the CIC. Key priorities for 2025-26 include.. Strengthen peer pathways lo support adults in buildiiig confidence. resilience and wellbeing. Expaiid training and peer support wol'kshops across Somerset throiigh the Open Mental Health Network and Soiiierset Cuuncil. Enhance governance by developiiig the Boar(l and establishing rubust financial oversight. Diversify income via new funding Streams and community donatioiis. Embed evaliiation and in)pact measiirement tri demonstrate publiL benefit and influence policy and practite. Establishing exlended fiiture conti-actb for eeonumic inactive adults to support them back into einployinent with our couiity wide experience in iiitentioiial peer suppoi-t. FLlrther creating our recent collab(Iration with blackdown hill network- over 25 larms oFFering educational learning in coiiservation projects to give healtli and wellbeing oppoi'tunities foi. adults over 18. 9. Public benefit statement The trustees confirm that they have had regard to the Charity Commission's guidance on public benefit in plaiining the chai-ity's work. Althoiigh nci operatioiis occurred before April 2025, all forthcoming progranimes al'e designed ro reiluce isolation, foster incliision, and improve wellbeing for adulis iii Somerset aiid beyoiid. 10. Declaration The triistees declare that they have ai)proved this report and that it has been prepared in accordance with the Cliarities Act 2011 and the Charitable Incorporated Organi5ations [Generall Regulations 2012. Signed 011 behalf of the trLlStees'. Kate Staveley Chairperson Date.. ## **Profit and Loss** ## **WATCH CIO** ## **For the month ended 30 November 2025** |**Profit and Loss**
**WATCH CIO**
**For the month ended 30 November 2025**|||| |---|---|---|---| ||**NOV 2025**|**OCT 2025**|**SEPT 2025**| |**Turnover**|||| |Income to cover Expenses|-|1,832.50|1,694.38| |Income to cover Expenses - Supervision costs|-|667.19|-| |Income to cover Expenses - Venue Costs|-|2,650.00|1,500.00| |Income to cover Indirect Salary - Admin/IT costs|-|3,109.84|-| |Income to cover IT|-|635.75|2,700.00| |Income to cover Salary - Facilitator costs|-|6,022.71|-| |Income to cover Salary - PEL costs|-|13,087.13|-| |Income to cover Salary - Project Manager costs|-|2,239.40|-| |Income to cover Salary - PSW costs|-|528.95|-| |Income to cover Salary - Team Lead|-|-|3,000.00| |Income to cover Salary - Training Manager|-|7,491.46|-| |Income to cover Salary - Volunteer Co-Ordinator|-|268.33|-| |Income to cover Unrestricted - On Costs|-|8,008.49|(144.13)| |Income Unrestricted - Donations|1,310.63|-|-| |Income Unrestricted - Other|-|-|642.97| |Income Unrestricted - Sales|542.00|-|410.00| |**Total Turnover**|**1,852.63**|**46,541.75**|**9,803.22**| |**Cost of Sales**|||| |Direct ER NI|1,879.48|2,097.72|2,050.36| |Direct ER Pension|427.02|460.99|464.41| |Direct Salaries - Facilitator costs|2,988.32|2,814.58|3,232.55| |Direct Salaries - Mentor & Tutor|577.44|577.44|577.44| |Direct Salaries - PEL costs|3,578.23|3,578.23|3,578.23| |Direct Salaries - Project Manager costs|4,396.24|5,844.24|5,731.44| |Direct Salaries - PSW costs|1,652.12|1,767.18|1,067.61| |Direct Salaries - Support Worker costs|238.82|238.82|238.82| |Direct Salaries - Team Lead|1,472.25|1,472.25|1,583.05| |Direct Salaries - Training Manager|2,281.89|2,634.63|2,721.49| |Direct Salaries - Volunteer Co-ordinator|508.23|508.23|508.23| |Expenses - Other|2.55|447.80|14.13| |Expenses - Partner Costs|199.72|-|199.72| |Expenses - Refreshments and Subsistence|111.27|228.10|122.18| |Expenses - Travel|36.02|403.80|199.60| |Expenses Supervision|340.00|300.00|320.00| |Expenses Venue Costs|-|840.00|-| |**Total Cost of Sales**|**20,689.60**|**24,214.01**|**22,609.26**| |**Gross Profit**|**(18,836.97)**|**22,327.74**|**(12,806.04)**| |**Administrative Costs**|||| |Admin - Consultants and Professional Fees|-|-|3,180.00| Profit and Loss - Management WATCH CIO 1 Dec 2025 Page 1 of 2 Profit and Loss ||**NOV 2025**|**OCT 2025**|**SEPT 2025**| |---|---|---|---| ||||| |Admin - Insurance|169.25|169.25|355.13| |Admin - Marketing & Promotion|-|70.25|-| |Admin - Misc Expenditure|-|87.07|50.00| |Admin - Payroll & HR costs|300.56|-|-| |Admin - Rent|51.22|1,011.22|51.22| |Admin - Stationary & Office Expenses|164.83|292.70|104.53| |Admin - Subscriptions|-|560.28|1,192.42| |Indirect ER NI|475.65|331.36|331.36| |Indirect ER Pension|141.19|99.82|99.82| |Indirect Salaries - Admin/IT|4,705.70|4,952.46|5,964.36| |Indirect Salaries - Finance|550.29|550.29|1,180.29| |Indirect Salaries - Team Lead|-|-|810.00| |IT - Hardware|16.89|172.40|82.97| |IT - Phone and Broadband|180.34|180.34|251.88| |IT - Software and Licences|117.31|55.39|80.64| |**Total Administrative Costs**|**6,873.23**|**8,532.83**|**13,734.62**| |**Operating Profit**|**(25,710.20)**|**13,794.91**|**(26,540.66)**| |**Profit on Ordinary Activities Before Taxation**|**(25,710.20)**|**13,794.91**|**(26,540.66)**| |**Profit after Taxation**|**(25,710.20)**|**13,794.91**|**(26,540.66)**| Profit and Loss - Management WATCH CIO 1 Dec 2025 Page 2 of 2 ## **Profit and Loss** ## **WATCH CIO** ## **For the period 1 April 2024 to 30 March 2025** |**Profit and Loss**
**WATCH CIO**
**For the period 1 April 2024 to 30 March 2025**|| |---|---| ||**1 APR 2024-30 MAR**| ||**2025**| |**Turnover**|| |Income to cover Expenses|375.05| |Income to cover Indirect Salary - Admin/IT costs|52.50| |Income to cover Salary - Co-Facilitator|1,723.80| |**Total Turnover**|**2,151.35**| |**Gross Profit**|**2,151.35**| |**Operating Profit**|**2,151.35**| |**Profit on Ordinary Activities Before Taxation**|**2,151.35**| |**Profit after Taxation**|**2,151.35**| ## Additional Notes: The accounts have been prepared up to 30 March. On 31 March, WATCH CIO’s accounting system was populated with the asset transfer from WATCH CIC, which took effect from 1 April 2025. Up until this point WATCH CIO was not active. The amount of £2,151.35 relates to income received by WATCH CIC but was paid into WATCH CIO’s bank account in error prior to the formal transfer of assets. Should you require any further information or clarification, please do not hesitate to contact us. Profit and Loss WATCH CIO 19 Dec 2025 Page 1 of 1