Company reglstratlon number. 05812992 Charity registration number.. 202210 Torr Home (A corkyany1Smtted by 9uarantee) Annual Report and Flnanci81 St8tsments fortho Y￿r Ended 31 D•¢ombor 2025 WESTCOTTS tMARTI4•D ACCOUNTANT Torr Home Reference and Admlnlstrative Detalls Truste Mr Neil Geoffrey Major- Chairperson Mr John Martln Modby Mfs Bloc￿en Amrthy Mr Laurence Axworthy lappoinled 1 August 20241 Mr8 Moira John80n (appointed 16 Apiil 20251 Mrs Diana Na￿Or Secretary Charlty Rogistr•tlon Numbor 202210 Company Rogl•trotlon Nurn￿r 05812992 Thg chaflly is Inc0￿rated In England and Wales. Torr Heme, Thg Drive, H8rt1gy PtymoLrth PL3 5SY R•gl8t•r•d Offko Audltor We3tcotts ISWI LLP Chartered a¢counlanl8 Plym House 3 Longbridge Road Plymouth Marsh Millj Devon PL6 8LT Pagg 1 Torr Home Trustees Report The trustees, I￿0 are directors for the purposes of Gornpany law, piesgnl the annual report logeltter with the financial 8lalementS and auditors, report of the charitable company for the year ended 31 December 2025. Introductlon Torr Home Ltd a regislergd charty whose origins go back lo 1860 and has operated out of Torr Home slnce 1929. We can care for up to 60 people across sile aged 50 ￿ar$ and oider. The Charity was established lo care for the blind in Ptymoulh. In 1929 the eharity moved its operation lo Torr Home with care Iocu8ed. in those e8rty years, entirety on the blind 8nd Msually impaired. We have widened our scope consklerably lo provide Nursing, Nursing Dementia and Residential care. We also have retirement apartments for IhoBe over 55 years which are in the giounds of Torr Home. Whilst retaining the specialist skills in caring for tho Msually impaired. Torr Home has a commitment lo achiewng the highest 51ondgrds of professional care and seNice for those who, through the agélng process or Illness, are having trouble su8tsining independent Ilvlng and need eonllnulng Ca￿ In the community. Torr Homa's evolutionary approach to caring, means alway8 keoping abieasl of change8 88 well 88 embraclng and adopting any new standard5 introduced in the Care Sector. Care Is provlded for nursing and residential residents. We are committed to providing the highest stsndard of care In a wami homely environment. We encourage our residents to live %wih dynity. respect and privacy wh115t enabling residents lo lead an independent and a¢tlve lif$, through promotion of choice in all a$pecl8 of their care. 08volopm•nt of Torr Home The operation compri8e8 of three 8eW- contained unit3 namgly Torr Home. the original and primary base for the Ch8nty, which c8r6s for people with physical age-ralaled illness and tsvo purpose built, dementia nursing unrts known a5 the Glenlor Centrg and Belklorr Unil which is located within Torr Home. The Glenlor Cenlrè and Bell Torr offer secure residenti81 and nursing care 24 hour8 a day with an open -door polley for relatives and visitors. Tharo are also 16 Retirement apartments for peop￿ over 55 years whith 1$ sultsblo for Indepgndent living whilst remainlng in the cared for community of Torr Home. Torr Home Charfly employs over 100 nursing and anci118ry staff and is commrtted to their continual tr8ining and development, Notable Ev•nt$ Durlng 2026 The Fire protection upgrade commenced In September 2024 at Torr Home to Improvo th8 safety of resNJents and adhere to new regulations continues. Full extemal cleanlng and r¢p•inting of outside walls at the Glentor Cenlre. Renovation of bathrooms which include8 wet room f8cllllies for residents in Glentor centre. Intr￿luctIon of a new eledronic medication system for residents known as E-￿AR. Planned Developments and Evgnts for 2026 In line wrth reducing our carbon footprint for envimnmenlal sustainability for the future. we are Installing solar ponels planned for Spring 2026, The continuation of Fire protectlort upgradets, induding a further external Fire e8capg staircase in the Bell Torr unti. Repainting of external walls lo the Glentor Unit. Outsourcing our laundry proces5 to an external Supplier. to enable cost savings and improved continuous supply. Page 2 Torr Home Trustees Report Family day ￿￿th various entertainment and barbecue for residents. relatives, staff and Icul community planned for July 2026. Meet the Matron coffee aftemoons. Numerous weekty 8Ctivities across all unl15. Prlnclpal ri8k8 and uncertalntles Fln8nc181 Contml Torr Homes Qpgratlng performance is driven by Effective financlal controls. Monthly operating report8 to closèly monllor perfom)ance and earty waming of any polontial threats ahead. High stsndaTd8 of care dellvery. A full understanding of the health and social eare sector and need8 of the community. Stru¢tur•, GovornAnc• and MAnag•m•nt Tho charity Is controlled by its goveming document, a deed of trust, and operate¥ as a limited company, limited by guarantee as defined by th& Compani88 Act of 2006. The governing document for the lknlled company 18 its memoiandum and art￿le& of association. Each Trustee promi888, N the company 18 dissolved while holshe romaln8 a Trustee or wllhin 12 months afterwards, lo pay £10.00 toward8 cost8 of dis801ution and the Ilabilltie8 incurred by thè charfty whil¢ he or $h¢ wa$ 8 In161ee. Torr Home was incoTporaled as a company limited by guarantee. as a subsldlary of the Devonport and Weslefn Counties Association for promoting Ihg general welfare of th8 blind. On the 3181 of Jvly 2006, all assets belonging lo Devonport and Western CounlieB A88oci8tion were Iran8lerred to Torr Hom¢. Devonport and Western Counties Assoeialton for promollng the general welFare of the blind was retained for 118 name and has no assets or liabilities, leaving Torr Home Ltd 88 the main charity, oper8llng under118 working nam8 of Torr Homg. R•cruilment and appointment of new trustees, member8 8hall conduct the glection of officers 8nd committee members. Trustee nominallons sh811 be made in wrllino and delivered to the se¢rotsry. Each Tru8lee nomination musl be proposed and secondèd by a voting member of the AssocIat￿n and accompanied by written consent of th9 nominee. The Charty u86$ a 'Trustees toolkit. program to fDrmali$e the procedures of appointsment. Page 3 Torr Home Trust•os Report Organis•tional Strudure th •I••p￿S lo￿1&Y T•iim Qqnl•r•r -è•ritroci•(I'_ Mtyr4•nw¢• cat•f Page 4 Torr Hom• Trustees Report The management of the charty is the re5ponsibllily of the Management committee. The charity has been managed on a day-to-day basis by Mrs Suzanne Marsh Chief Ex¢¢utive Officer since June 2024. Thare was a qUalI￿ng third-party indemnlty policy in place for the Trustees IhTou9h-ouI the year and in the previous year. Inductlon and tralnlng of Trust•es Trustee training has been introduced through the 8ubscriptlon lo Governance magazlne. This Pfovides essential infoimalion to improve the effectiven8s8 of Trustees. Furthef ITaining needs wll be considered and undertakan on 8n onwing ba818. ObJeGtlvg9 Jnd a¢tlvltl•• The objeetive8 are the wlh?f of 8ickne83 and di88bllty by the provlBlon of 8eryice$ and facIl￿S including accommodation for 111 Persons with visual impairment Ilhe principal boneflciari851 and {21 Surplus to th¢ ne8d$ of the prin¢ipal b•nefi¢i8r￿8 for othor p8r8ons who have a need for Buch $orvi¢•¥ and la¢ililK*$ by roagon of infirmltles assoclalèd with disease. di8ord8r or injury. The maln obiective for th8 charity Ihls year is lo generate a surplus by efficient financlal m8n8gemènt and direct control by the Board of Trustees. CEO and Head of Finance. Publk b•nofft The Trustees consider the ch8rrtVs objectwes and activf(ie8 to be of public benefit and h8v• gI￿n due consideratlon to th18 In accordanc6 wlth the guldance gSvan under 8ectK)n 17{5} of the 2011 Charities Flnanclal rnvl•w The main income of the Ch8rrty 198%} is achieved through resident's fees, either being paid for by private fees or Ihird-paty local Authorities. The percentage 8pIrt al 31st December 202515 50% for private lees and SO% for lhird.paty fees. The financial statements of Torr Home for the year ended 31 0e¢8mber 2025 Showed total income receivetj 01 £4,351,532 12024., £3,830,801) which is an additional £520,731, a 13.6.10 improvemgnt on income from 2024. This h8s mainty been achieved by an incre88e in average occupancy Ihroughout 2025 of 94%12024.. 85%). Expendrture for the same pedod was £4,304,977.12024'. £3,920,524). We achigved a full comp19ment of staff and reduced our reliance on Agency staff from a cost of £362,376 in 2024 down to £122,164 in 2025. However, we are continually working towards rgducing this amount even more in 2026. The additional ineome along with the reduction In agency and olhef costs contributed to the Ch81ty in turning 8 deficit of £89.723 in 2024 into o surplu$ of £46,555 In 2025. The Charity aimed to be al least 90% occupied during 2025. wg adually achieved an average occupancy of 940h in 2025. current￿ at the end of March 2026, we arg exceeding 98%. We have achieved Ihts by offering a home-from•home experfence for every one of our Residential, Nursing and Dementia residents. We hove been able to do thls due to the dedication and care of our exceplional staff, who are our greatest assgt. Pag8 5 Torr Home Trustees Report ash at Bank The cash at bank at 31st December 2025 was £414,557 {2024 £314.1231 Ihis is an increase in cash. The Charity has continued lo manage its ea5h reserves efficienlty and in an effective manner. Ensuring the Home ts mainlalned, refurblshèd 8nd constsntly improved throughout the year lo our exacting hlgh stsndards. In8uranc8 The Cha￿tY has orranged, through a regulated Insurance broker, for all approprlole insurances to be taken out ggainsl any forese8ab￿ risks, protecting tha Charity against any 105s, damage or liability arising from these risks. Investmonts The Trusle8s have approved and implemented the Inve81m8nl pollcy of the charlty In 15n8 wlh the r•commendallon$ of th¢ Charity Commisslon. The purpose of thè policy is for the Charity to depostt or Invest in fund8 vAth the ulllm8le oblectlv8 of gonerallng In¢om6 from dividend$ and in¢ffja$ing the value of the invgslmonl8 by ¢apltal gr0￿h, thu$, enBurSng the Charity has 8 total investment fund that can Support our Re8orve Policy. As 8131 $1 December 2025 the Charity h8d investments of £1.560,895 (2024.. £1,333,243), whKh had generated incom8 of £40,40112024'. £37,759), 811 the8e fund8 are unreslricled income. Page 6 Torr Home Trustees Report Reserves The Iruslees hove approved and implemented the reserves policy of the ¢harty In line wf(h recommendations of the Charity Commission. As at 31 sl December 2025 the Charty holds £1,560,895 in unrestricted reserves,12024 £1,333,423). The tharity needs lo hold reserve¥ for the following principal r¢ason$'. To produce income to be used for funding such deficits 88 8ri88 from the Charity's operations. To enable the charity lo continue 118 core operations for a p8riod of 3 month5 even in the event of a significant decline in income. A5 al tha 31 $1 December 2025 thè charty has accumulated invested lunds of £1,560,895 against 3 month8 eslimaled required resetVg8 of £1,116.150 To meet deficits not covered by income in any on• Y￿r. To meet maiof rtems of unforeseen expenditure. To meet the costs of any necessary building refurbishment, rep4ir$ and renew818. Legacies will nonnally be treated 88 income. The charty w¥ll therefore endgavour to maintain a lev$1 of ￿SerVeS appropdale to the financial climate in which rt is operating and the commitment to the many poopltr it s•rv•s. The charity considers that Ils present level of reserves 8a115fie8 the ¢rrteria above and no 8Ction 18 deemed necessary at this present time lo ch8nge these levels. Tho charity will reviw both tho Iw•l of ils r•8•rv•$ and its pollcy on reseThès 8nnually. Golng forward 11 has been a demanding coupb of years, but the Ch•rty ho$ mel the ¢hallenges head on and ha8 forged ahead again81 a trend of care homes closing down 8¢ro$$ tho Soulhwe8t. We intend to contlnue lo improve our average occupancy fal8 during 2026 aiming for 95% throughout the yg4r. Thè main challenge8 rècogn15ed for 2026 are.. the current economic crf818 cau88d by the wars in Ukralne and the middb •asl. The continuing ri88 in salarie3 and Employers costs dug 10 o rise in the National minimum wage of betsveen 4.1% and 8.5% from 1st April 2026 and the increase in Employefs N8tlonal Insurance. The announcement on 11th Marth that 3rd-party fundèrs 1.0. Ltt81 Authoritie8 were onty increasing their rates by 3°h from 1 st April 2026. The continued increases in flre safety me8sur88, we expeci to see further compliance measures being brought in, resulting in additional ¢o$ts to Car¢ home$. However, the Trustees 8nd the Staff are committed lo continuing lo improve the lives of our resid&nts 88 they approach a vulnerable time in their lives and to ensure that they regard Torr Home as their home evary day. AS a charity, we do not look to make large surpluses, bul put our resour￿5 back into the home, ensunng the residents are happy and content and Torr home 18 the Employer of choKe for all of our staff. Page 7 Torr Home Trustees Report Stst•m•nt of trustees. re$pon¥lbllltle• The tWStees (who w• also tho dlre¢tor5 01 Torr Home for th¢ purpjses of company lawl arè respons1blo prepam9 the Trustees Report gnd th• financial statements in aecordanca wllh applicab18 law and Vnited KSng¢Jom Acc¥)unting Slandar¢Js Iunrted Kingdom Ger￿alty Ac￿pted Ac￿Untr￿g Pr8Ctittsl, in¢luding FRS 102'The F￿a￿￿al Slandard 8Wic3ble ￿ the UK and Republic of Ireland.. Company r8qulr85 lh8 trustees to prepafe financlal ststernents for each financial year. Undèr company law th• trust885 must not apwovè th• financlal slat•ments un1855 Ihey are 8#1isfied that they giva a true and falr vi8w of the slal& of 8ffairs of th6 chadtabk8 compony Bnd of the Ineoming r•sources and applicallon of rnsour¢e$, Induding it5 in¢om8 and exp•ndibJre. of the ¢haritabl company fc*r that pthod. In p￿paring Ih&s8 nnancial siat8m8nls. the tru5tats are requlred to.. lecl suitable •etr)unlng policios and 8pply thgrn con$lstonlTy. obse￿# Ihè methods ar￿ prfndp￿S In the Charlllès SORP. make judgèm8nt5 and *$1irnal￿ that gro rea8on8ble and prudant., 8tsta wheth8r owicable aCt￿nt1Thg Standerds. u)mpri8ing FRS 1D2 have b￿n fthl¢ywed, $ubh•ct to eny rnalerlal d8PDrtures dI8dos•d 8nd oxplained in Ihe ffill8n¢lal statomènt$,' and preparè Ihe finandal st8lèments tsn lh• going concom bos1¥ unlèss ￿ Is In8pproprlat• to PT88um that the charttAbla eompwy ￿11 In buslngss. The Iwstees are ￿8F￿n￿blO lor kee￿ng pfowr accounting r•¢￿6 Ihat can discloso wmh ma￿8b1￿ awjracy #t #ny tlmo tha finar￿7￿1 posilion of Iha cherrt8blè cornparty and ￿sts1• Ih8m to ?nsur• thal the financlal 8t8tèmènts comply wllh tho Companlts Acl 2c￿. Thèy are also r•spon3ible f safaguardlng the assets ol the charilable eompany and heDCe for tsklng r•asonal￿e st•p¥ for the prevenuon ond detection of fraud and Oth￿ Irrngularfts"&s. The truste•$ are respo￿sIbl• for the m8inten8nce and int¢grty of thè eorporats 8nd ffnanchl inforniation Induded on th8 thartia￿e compgnys **bslt?. Le9151allon gov8rnlng the preparktion and dls8gminglk)n tsl finandal slatements m•y drffor frorn lèglslatbn In 0therlurfsd￿knn$. Dl*clo•ure ol InlornMllon to audlt Ea¢h trust8• h8S takan steps that they ou9ht to hav6 t8ken 88 a trustee In order b mak¢ lham￿1vfjS awjro of •ny r818vant a￿lt inforni8tion ènd to 88tabllsh that the chaTIty's auditor Is aware of that Informabon. The tru5tee5 eonfirrn that th8r• Is no relevant Infom)atbn that th•y know of and of whkh Ihey thow the is unawara. Th• annual fewt was approved by th• truslees of th• charily on l¢.fvl *ned cffj Its behalf by.. Mr Neil Gtoifroy Major- ChalrwrsL Trusts8 Pbge B Torr Home Independent Auditor's Report to the Members of Torr Home Oplnlon We have audited the financial statements of Tofr Home Ilhe 'Gharity'l for the year ended 31 December 2025, which comprise the Slalenignl of Financial Actwilies. Balance Sheet. Ststem8nl of Cash F￿￿5, and Notes to the Financial Statements, including 8 summary of signrfieanl aceounling pOI￿leS, The financwl Teporting framework that has been applied in their preparation is United Kingdom Accounting standards, comprising Charities SORP - FRS 102 'Th8 Financial Reportlng Standard applicablo in the UK and Republic of Ireland, ¥nd applic8ble 18w (Unrted Kingdom Generally Accepted Accounting Pr8Cticel. In our opinion the financlal 8tslements'. give a true and fair view of the Stale of the charlty's affairs as at 31 O¢¢ember 2025 and of ils incoming resources and application of resour¢68, Including ils income and expenditure, for the year then end&d', h8ve been properfy prepared in 8¢wrdance with United Kingdom G6nerally Accepted A¢¢ounllng Practice., and have been prepared In a¢¢ordanc8 wth the requirements of the Compani08 Act 2006 8nd thè Charrties SORP. Ba¥1$ for oplnlon We conducted our audit in a￿ordanCe with Internallonal Standards on Audlllng (UK} IISAs {UKI} and applieable law. Ouf responsibilities under those standards are further described in the audrtor responsibiliti88 for the audrt of the financial $lalemènts section of our report. We 8re independent ol th¢ charity in accordance wrth the ethical requirements that are relovanl lo our audrt ol the financi81 ststemenls in the UK, including the FRC'$ Ethical Standard, and we have fulfilled our other ethical respon8ibilrties in ac¢ordonce with these requirements. We believ8 that the audf( evidgn¢e we have obt8ined is sufficient and appropriate lo provide a basis for our opinlon. Conclu8lon8 relatlng to golng concèrn In 8udillng the financial 8latement8, w¢ have concluded that the Iruslee5 use of the going concern 0$5$ of accounting in the prepaialion of the financial 8lalementS 15 appropriala. Based on the work we have parformed, we have not identified any malarial uncertainties relating lo events or condition8 th81, indiwdually or ¢olleclively, may cast significant doubt on the charity's ability lo continue as a going concem for a period of at le88t ￿1ve months from when the original financial stalemonls were aulhorised for issue. Our re$pon$ibililie$ and the re6ponsibililies of the trustees with respect to going conGgrn are described in the relevant sections of this report. Other Infom)ation The trustees are responsible for other informallon. The other infomlalion comprises the infomialion included in the annual report, other than thè financial slalemenls and our auditorfs report thereon. Our opinion on the financial statements does not cover the other information and. except to the extent otherwise 8xplicilly staled in our report, we do npl express any fomi of assurance ¢oncluslon Ihereon. In connection with our audlt of the financial slalements, our respon5ibilty is lo read the other infomialion and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtsined in the audit or othe￿iSe appears lo be materialty mBslaled. If we identfy such material inconsistencies or apparent material misstalemenls, we are requir8d to delemine whether there i8 a material misslalement in the financial slalemenls or a material misststemènl of the other inlormation. If, based on the work we have perfornied. we conclude that there is a material misslalement of this other inforrnalion, we are required to report that fact. Page 9 Torr Homo Independent Auditorfs Report to the Members of Torr Horne We h8ve nothing lo report in this regard. Oplnlon on other matter prwscribad by the Companlès Act 2006 In our opinion, based on the work undertak6n in the course of th6 audri.. the infom)alion given in the Trustees Report for the financial year for whid) the fin8nckg1 statements are prep8red is consislenl with the finan¢ial slatemenls," and the Trustees Rgport ha$ been prap8red In accordance wlh appIl￿b￿ legal requirements. •tt•r8 on whlch we arè requlrad to report by oxcoptlon In the light of our knovledge and und8rstanding of the charlty and its environment obtalned in the course of the audit, we hav8 not identified malarial misstalemènls in the Trustees Report. We have nothing to ffjport In respect of the following matters where the Companles Act 2006 rgquires us to report to you if, in our oplnion.. ad•quale aecounling records have not been kept, or returns adequate for our audk have not been received from branches not visited by us., or the financial slalements are not in agffjement with the accounting records and relum8; or certoin disclosures of trustees remuneration sP￿￿led by law are not made., or we have not received all the information and explanations we require for our audit. Re8pon¥lb511tles of tni8t•è8 As explained more fvlly in the Stslemenl of Iruslees, rèsponsibilf(ies {8el out on page 81, the Iru8tees are responsible for the preparation of the finan¢ial Statements and for being satisfied that they give tru¢ and falr vlew, and for such internal control as the trustees detemiine is necessary lo enable the preparation of financlal 8lalem8nls that are free from materlal mls8talem8nl, %thether du• lo fraud or error. In preparing the financSal statem•nl$, tho Iruslees are re8pon81bl8 for 988es8ing the charity'8 ability lo ¢onllnue as a going concem, d18clo8ing, as applicable, matters related lo going concern and using the going ¢on¢¢rn ba$1$ of accounting unless the trustees grthar intend lo liquidate the charity or lo Gea50 operations. or have no realistic altemalive but to do so. Audltor re8pon8lbllltleg for the audlt of tho flnanclal statemènt8 Our objectives are to obtain reasonable assurance about whether the financlal slalemenl8 as a whole are free from materHI mis81atemenl, whether due to fraud or error, and to issue an auditor's report that include8 our opinion. Reasonable assuranea is a hlgh level of assurance, bul is not a guar8ntee that an audit conducted in accordance with ISA5 IUKI will always detect a material misstatement when it exists. Misstalemenls can arise from fraud or orror and are consldered material rf, individually or in the aggrggale, they could reasonably be expected lo inlluence the economic decisions of users tsken on the basis of these financial statements. The extent to whith our procedure8 are capable of delecling Irregularit￿8. including fraud is detailed below: Identfy and assess the risks of material misststement of the ffinancial stst8mgnl$, whether due to fraud or error, design and perfom audit procedures responswe lo those risks, and obtain audit evidence that is sufficEnt and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is h*Jher than for one resultin9 from error, as fraud may involve collusion. forgery, intentional omlssion8, misr9pr￿enlatlon$. or the override of internal control. Page 10 Torr Home Independent Auditofs Report to the Members of Torr Home Obl8in an understanding of intemal control relevant to the audit in order to deslgn audit procedure8 that are appropriate in the circumstsnces, bul not for the purpose of expressing an opinion on the effectiveness of the charity's intemal control, Evaluate the appropriateness of accounting policies used and the r08￿nab1ene8$ of accounting eslimales and related disclosures made by the trustees. Conclude on the appropllalenes6 of the trustees use of the going concern basis of accounting and, based on the audr( evidenee obtaIn￿, whether a mat6rlal uncertainty exi8ts related lo events Of condttions that may cast signrficanl doubl on the chanty's ability lo continue as a going Concern. 11 we conclude that a maten81 uncertainly exists, we are required lo dr8w attention in our auditor's report to the related di8c108ures in th& financial statemen18 or, if such disclosures are inadequate, lo modrfy our opinlon. Our conclusions are based on the audit eV￿ènce obtained up to the date ol our audf(or's report. Howevor, future ovenls or condilbons may ¢au$8 tho ¢harily lo cease to onlinue 08 a going concern. Evaluate the overall presentation, structure and content of the financ￿1 slalemenls, including the dlsclosures, and wh8lh8r thè financlal statemen18 rapre88nl the undedying transactions and events in a manner that achieve$ fair prosenlolion. We communlcate with Ih08e charged with govemance regarding, among other matters, thg planned 8cope and Ilming of the audit and 8ignrficanl audit findings, including any significant deficienci8s in intèrnal control that we identify during our audit. Use of our roport Thi8 report 18 m8d6 solely lo th8 char￿£ble company'8 trustees, as a body, In accordance w Chapter 3 of Part 16 of the Companies Act 2006. OUT audi( work has been undertaken so th81 we M￿h1 slate to the charity's trustees those mallers wg are required lo slate lo them in an audilols report and lor no other purpose. To the fullest extent permrtted by law, we do not accept or assume respon8ibilily to 8nyone other than the ch8ritsble company and trustee8 as a body. for our audrt work, for thi6 report, or for the oplnlon8 we have formed. Emma Mills ACA (Senior Statutory Auditor) For and on behalf ot We8lcotts (SWI LLP. Plym Hou88 3 Longbridg6 Road Plymouth Marsh Mills Devon PL6 8LT Page 11 Torr Home Statement of Financial Activities for the Year Ended 31 December 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrlcted funds Restrlcted funds Total 2025 Total 2024 Note In¢omt and Endowments from: Donations and lega¢ies Charitabl8 activities Investmenl income 3,914 4,250.066 97,552 3,914 4.250.066 97,552 830 3,751,141 78,830 Total income 4,351,532 4,351.532 3,830,801 Exp•ndltur• on". Raising funds Charitablè activitie5 19,600) {4,295.378 19,600) 14.295,378} {9,7241 13.910.800) Total axpèndilure 4,304,978 4.304,9781 3.920.524 Nel lexpendilurellin¢ome G8insllb3se81 on investment a$$ets Transfers betsveen fund8 46.554 46,554 189.723} 211,719 15,933 211,719 15,933 114.911 38,3e9 Net movement in funds 274,2C6 274.206 63,557 R•conclllatlon of funds Totsl funds brought I0￿8rd Totsl fund$ rArried forward 22 6,025.713 2.342 8,028,055 6.302,261 S.964,498 6,299.919 2,342 6.028,055 All ol the charit￿8 actNftl88 darlve from ¢onlinuing operations during the above Iwo pgrlod6. The fund# breakdown for 2024 18 shown in note 22. The notes on pages 15 to 27 form #n integral part of these financial stal8ment8. Page 12 TOTh Home (Reglstratlon number: 05812992 Balance Sheet as at 31 Decernber 2025 2025 2024 Flx•d asA•t8 TanglbLg a5S•t$ Inv•strnen15 14 15 4,767,970 1,560,895 6,328.B85 4.768. 1333.243 8,101,307 Current ai8et• O•blor5 Cash al bank In hand 16 17 34,824 414557 81,081 449,381 475 985 375.184 CY•dltorn: Pjnounts falllng du• wlthln one y•ar 18 N•t ¢urr•nt Il•blllll•• 26,604 N•t 8.302 281 0 028.055 Fundi ol the ¢harty'. R••trlct•d Incom• fundB R•$tiictad fund5 2.342 2,342 Uhr••trl¢l•d In¢om• fvnds Unrestricted fund$ R8vdualk>n res•rye 4.783.340 1,618,579 4,493,201 1,532,S12 Totsl uTrrKtrbcted funds 8,299.919 8,026,713 Total fund* 0,302,261 8,028,055 The finan￿￿ stat•m•nis on pages 12 10 27 wore appmved by Ihe Iru¥l•es, qTrJ authothd lor15sue •KI slgnod on Ihelr tJehaN by.. Mr Ndl Geoifrgy Malor- Chairper60n Trusts# The ￿te5 on page$ 15 to 27 fowm an Integral part of these finan£4al statements. Poge13 Torr Horne Statement of Cash Flows for tho Year Ended 31 December 2025 2025 2024 Note Cash Ilovrd from operatlng acliviti•s Net cash Income 274,2C6 63,557 AdJu8tment• to cash flows from non-cash itemi Depreciation Galnslllo6sesl on Snveslment a88ets ONidends, interest and rents from investments Other Intarésl receN8bL8 and simSlar Incom8 141,087 1227,6521 {82.8741 {14,6781 90.089 128.892 1153,2801 {63,2651 {15,5651 139,6611 Worklng upItsI adjustment• Decreose in debtor8 Increase In creditors 16 18 26.237 27,549 67,416 76.286 Net C88h Ilows from operating a¢tivhl68 143,875 104.041 Cash Ilows from Inv•8tlng actlvltlo• DNidends, interest, and rents from inv¢gtmen18 In18re81 received Purchase of tsnglble fixed 88sels Net cash flow8 from Inv88tSng activities Nel Increaselldecrease) in cash and cash equlvalenl$ Cash and cash 8quNalenls at 1 January Cash and cash equivalents at 31 December 82,874 14,678 140,993 63,265 15.565 270,6091 14 143,4411 191,779 100,434 314,123 414,557 {87,7381 401.861 314,123 The notes on p8ges 15 to 27 fomi an integral part of these fln8nci81 statements. Page 14 Torr Home Notes to tha Financial Statements for the Year Ended 31 Decombor 2025 I Charity status The ch8nty is limited by guafanlee, incorporated in England and Wales, 8nd consequenlty does not have share capital. Each of the trustees is liable lo contribute an 8mount not exceeding £10 towards the assets of the charity in the event of liquidation. The address of ils regi31er8d office is., Torr Home, The Drive, Hartley Plymouth PL3 5SY 2 Accountlng pollcles Summary of slgnlficant accountlng pollcles and koy aCCOUlltlng egtlmats• The principal a￿OuntIng poll¢ie¥ applied In the preparation of these financial slalem•nts aro 8el out below. These poliGi8s havo boen ¢onslslenlly applied lo all the years presented, urbless otherwise staled. Statèment of compllanco The financial 8latemenls have been prepared In accordance with Accounting and R8porting by Charrties.. Slalemenl of Recommended Practlce (applicable to ¢harilles preparing their accounts in accordance with the Financial Reporting Standard appI￿able in th9 UK and Republic of Ireland IFRS 10211 (issued in October 20191- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in thè UK and Republic of Ireland IFRS 1021 and the Comp8nie$ A¢1 2006. 8aBi& of preparation Torr Home meets the definition of 8 public benefrt enllty under FRS 102. A88ets and liabilities are initially Tecognised al historical cost or transaction valuè unless otherwise st81ed in Ihg reievant accounting policy note8. Golng Goncem The truste88 con8lder that there are no malefial uncertainties about the eharily's abilty to continue as a going ¢on¢¢in nor any sign￿lCan1 8re8s of uncertainty that affect the carrying valug of assets held by the chanty. Income and èndowments All income is recognised once the charity has entitlement lo th6 income, It 18 Probab￿ Ihal the income wrll be received and the amount of the income receivable be moa¥ured relKabty. Pagg15 Torr Home Notes to the Financial Statements for the Year Ended 31 December 2025 Donations ond 1gga¢i8s Donations are recognised when tho ¢harlty has been notffied in writing of both the amount and settlement date. In the event that a donation is subiecl lo condititins that require a level of performance by the charity before the charity is entitled lo the funds, the income is deferred and not recogni8ed until either those conditions are fully met, or the fulfilmenl of those conditions 19 wholly wiihin the control of the charfly 8nd It L8 probable that these conditions wll be fulfilled in tha reportlng p•riod. Deferred incomo Deferred income represents amounts receNed for future periods and is released to incoming resources in the period for which, il has been received. Such ineome is only deferred when.. - The donor 8pecifi88 that the grant or donatlon musl only be u￿d in ftrtur8 accountlng periods.. or The donor h88 imposed condition8 which must be mel before the charity ha8 uncondition81 anlitlement. Expendlturn All expenditure 1$ recognised once there 1$ 8 l&g81 or conslruclive obligation lo that expenditure, il 1$ probable settlement 15 r8quired and the amount can be measurad reliably. All costs are allocated lo the applicable expondf(ure heading that aggregate similar cost¥ lo that category. Where costs cannot be directly allribuled lo particular hea¢Jings they havo bogn allocated on a basis consi818nl with the L188 of resources, with central staff costs allocated on the basis of lime 8penl, and depreciation charges all¢Xated on the pOrt￿n of the 888et'8 uBe. Other 8UPPOrt C08ts are allocated ba￿d on the Spread of Staff costs. Ralslng funds These are costs Incurred in 811racting voluntary in¢om8. the management of investmen18 and those incurred in trading a¢tiviti&8 Ihal rai$6 funds. Chorlt•ble Jctlvltl Charitable expenditure comprisgs those costs incurred by the charty In the delivery of It8 activities and services lor its beneliciarigs. 11 includes both costs that ean bo allocated directly lo such activitles and those costs of an indirect nature necessary to Support them. Taxatton The charity18 considered to pass the 188ts set out In Paragraph 1 Schedule 6 of the Finance Aet 2010 and Iherefofe it meets thé definition of a charitable cornpany for UK corporation tax purposes. Accordingly. tho charity potenlialty exempt from taxation in respect of income or capital gains received within categor￿S covered by Chapter 3 Part 11 of the Corpor81ion Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such Income or galn8 are applied exclusively lo charbtable purpo8e8. Tanglble flxed a88ets Individual fixed assets costing £500 or more are initially recorded at C08t, le88 any subs¢quenl accumulated depr￿lation and subsequent accumulated impairment losses. Pago 16 Torr Home Notes to the Financial Ststsments for the Year Ended 31 December 2025 D•pre¢latlon and amortssatlon Deprecialitin is provided on tangible fixed assets so as to write off the cost or valuatlon. le88 any estimated residual value. ovei their exp&¢t$d u$oful e¢onoml¢ life as follows.. A8S8t class )lor vehicles Fumrture and equipment Improvem&nls to propety A85e18 und¢r construction 8uildings Depreciatlon method and rat• 5% str*ighl line 2_ 330h straight line 2 . 330A straight line Not deprecialgd 2% straight line All tanglble assets are held al cost wlh the exceptron of freehold propety. Prior to 1 January 2015 freehold property wa8 recognised al market value. Under FRS102 the Truste88 have chosen lo hold this using the revaluallon model. Al tha end of each year the Trusté68 rèview the value. Al the end of the current Perh￿ rt wa8 deemed that the falr value of tho property is not materialty different than the arrylng value per the accounts and so no adjustments have been made in respect of this. Flxod a88•t Inv•8tm8nt8 Fixed asset invgslmenls, other than programme related investmen18, are included at markgt value gt the b8Lqnce sheet date. Realised gains and 1088e8 on inve8lmenls are calculated as the drfference be￿een $81es proceeds and their market value at the stsrt of the year, or their Subsequent cost. and af8 ch8rged or credited lo the Statement of Financial Activitie8 in the perfod of di8PO8al. Cagh and c•sh gqulvalgnts C8sh and cash equivalents comprise cash on hand and call deposlt8, and other $hort.lemi hlghly liquid investments Ih8t are readlly conv¢rtlble to a kn¢)wn amount of cash and aro subject to an insignlficanl risk of change in value. Fund Structure Unrgstrided income funds are general funds that are available for use at the trustee8 discretion in furtherance of the objective8 of the chadly. Roslricled income funds are those donated for use in a particular area or for 5pecthG purposes. the use of whkh 1$ ro$tridgd lo that aro8 or purpos•. Pagg 17 Torr Home Notes to tho Financial Statsments for the Year Ended 31 December 2025 3 Incom• from donatlons and legaelo8 Unre8trlcted fvnds G•ngral Total 2025 Donations 8nd legacies., Donotion$ from indNidual$ 3,914 3,914 3,914 3,914 Unrostrlctsd funds Genfyral Totsl 2024 Donations and legacio8,' Donatlon8 from Indlvldu819 830 830 830 830 4 Incom• from charltsbl• •ctlvlti Unrnstrlc¢ed fvnds Gfjn•ral Tot•1 2025 Residents fee6 Ancillary serwces Shertered 8parthenl rents 4,047,129 34,536 16e,401 4,250,066 4,047,129 34.536 168,401 Unrestrfctsd funds G•n•ral Total 2024 Residents fees Ancillary 8eNce8 Shettored apartmgnt rents 3.574.529 15,324 161,288 3.574,529 15,324 161,288 3751 141 3 751 141 Page 18 Torr Home Notes to the Financial Statements for the Y•ar Endad 31 December 2025 5 In¥8stment income Unro8trlct•d funds Gon•rnl Total 2025 Rents received Income from quoted 8ecurilies Sundry In¢om8 42,473 40,401 14,678 42,473 40,401 14,878 97,552 97,552 Unre¥trrcted funds General Total 2024 Rents received Income from quoted Securit￿8 Sundry in¢om¢ 25,506 37,759 15,565 25,506 37.759 15.565 76.830 78.830 6 Expondlturo on ral8lTrg lund• UnrostrSct•d fund$ Genernl Totsl 2025 Totsl 2024 Olhor portfollo man89omènt CO8t8 9,600 9,600 9,600 9,600 9,724 9.724 Page 19 Torr Home Notes to the Flnanclal Statements for the Year Ended 31 Docembor 2025 7 Expgnditur• on ¢haritsbl• •ctivltles Unrestrlct funds General Total 2025 Note Charliable acllvlti¢8 Allocated support costs 3.7B1.679 513,699 4,295,378 3,781,679 513,699 4,295.378 UnroStriGtod funds Ggn•ral Totsl 2024 Charltable actlvltl¢$ Allo¢ated support ¢08ts 3,412,250 498,SSO 3.412.250 498.550 3,910,800 3,910,800 Page 20 Torr Home Notes lo the Financial Statements for tho Yoar Ended 31 December 2025 O Analysis of support costs Unr88trictod funds Goneral Total 2025 staff c08t8 PPS & advertising Finance co$1$ General office Legal and profassional fees Travelling Telephone 412,913 56,338 1,813 6.281 34,470 461 1,423 513,699 412,913 56,338 1,813 6,281 34.470 461 1,423 513,699 Unreetrlct funds Gen•r•l Totsl 2024 Stsff c03ts PPS & advertising Finance costs General office L•gal and PTofe8$ional fe•s Trav6lllng Telephone 395.036 57,813 1,668 7.152 26,138 574 10,169 498 550 395.036 57.813 1,668 7,152 28.138 574 10,169 498,550 9 Net Incomlngloutgolng ro¥ources Net incominglloulgoingl resources for the year includo.. 2026 2024 DepreCiat￿n 141,087 128,892 10 Trugtees remunerntlon and expense8 No Iruslees, nor any person$ connected wth them. have rec@￿ed any remuneration from the charity during the year. No trustees have recelved any reimbursed expenses or any olhor benefits from the eh8rlty durlng the year. Page 21 Torr Home Notes to tho Financial Ststements for the Year Ended 31 December 2025 11 Stsff costs The aggregate payroll c08ts wero as follows.. 2026 2024 staff costs durfng the yèar were: Wages and salaries &>cial soGurlty Gosts Pension cos18 3.028.127 321,454 56.728 3 406 309 2.839.319 216,265 49.848 3 105432 The monthly averag¢ number of persons {in¢ludino 80nlor managemonl I leadernhlp te8ml omployed by the chadty durfng the year was as follows.. 2025 No 128 1024 No 114 Home 8taft Tho numb•r of •mpbyees whose emoluments fell wlthln the followlng band8 was.. 202S No 2024 No £60,001- £70,000 12 Audltor4' wgmuneratlon 2025 2024 Fees payabb for audit of the financhl 8lalements 13 Taxatlon The charity is 8 reglslered charity and 18 therefore exempl from ta￿tIon. Pag8 22 (¢J ¢1* r t7) Q) r ct) o It) to rfjor u<<0 < 8