Charity registration numbèr 211042 IEn9land and Walès) Charity registration number SC045491 Iscotlandl Company registration number RC000619 IEngland and Wales) TOCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
TOCH LEGAL AND ADMINISTRATIVE INFORMATION Trustees T Drummond Ichairl P Dimoline (Hon Treasurerl D Poole D Child R B3rker (Vice chairl P Gill Charity number (England and Wales) 211042 Charity number (Scotlandl SC045491 Company number RC000619 Registered office 483 Green Lanes London N134BS Indèpendent examiner Jerroms Business Solutions Liwiled Lumaneri House Blythe Gate Blythe Valley Park Wesl Midlands B90 8AH Banker5 The Co-opeialive Bank PIC PO Box 250 Dell House Southway Skelmersdale WN86 Solicitors B P Collins Collins House 32-38 Station Road Gerrards Cross Bucks SL9 8EL
TOCH TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 Flnancial rÈview Reserves policy We anticipate in the medium term that our income will eorne from four main sources.. Individual giving from members and other supporters as well as events income from activity we will develop over the first thiee years of the plan. Grants from Charitable Trusts and Foundations Grants trorr public bodies including local aulhorilies. CCG'S, Central Govemment elc. Social Enterprise Income. Our strategic plan develops this Income profile over a Ihree-ye3r period. Vve will begin with social enlerpr15e income and then as we develop new programmes of activity we will apply lor funds from other sources. At present most ol our income streams are indicalwe and we are therefore unable lo say with certainty that they will accru8 as planned. This is why we have sel aside reserves. More people are joining Toc H as members bul thi5 is not yel reflected in our income because numbers overall continue lo decrease this is because we have a largely eldeily membership. We have a number ol branches which are now dormant in our accounts either because they have closed or have not reopened post Covid. During the year we will review the funds frorn these accounts. Structure. 9overnan¢e and management The trustees. who are also the directors lor the purpose of company law, and who sewed during the year and up to the dale of signature of the financial statetllen15 weie. T Drummond (Chairl P Dimoline (Hon TreasLJrerl D Poole D Child N Mears L Parker R Barker (VI chairl P Gill (Resigned 25 September 20231 (Resigned 31 Maich 20241 Recriiitment and appoinlmetil c>[ trustees None of the tiustees has any benèficial interest in the company. All of the trustees are members ol the company. The charity is governed by its, Royal Charter and is an Incorporated association. Organis8tional stwcliire The Trustees met lor three full board meetirigs during the year ended 31 March 2024. The Finance and General Purposes Committee has been given delegated authority by the board to make essential operation31 decisions. The Finance and General Purposes Committee consists of. -The Chair -The Vice Chair -The Honorary TreasUr -The Chief Executive Officer All decisions taken by the Finance and General Purposes Committee are reported to the next full meeting of the board for 5CYUtiny and ratific31ion.
TOCH TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 A key part of our strategy during the year was the devekjpment ol second-hand shops around which we had hoped lo build new community hubs as the focus foi building new work acioss the country. Our first shop In Newport did nol pertorrn according to plan and we decided to close It after three tnonth5 because ils level of turnover was significantly below expectations. This was primaiity because of the location of the premises and the closure during the first month ol Ihe adjacent Wilco store. which provided much of the walk past cu5totnei potential. In our reflections on this direction ol travel we also recognised that this model requires a mijch tnoie mature community organisalion to support il if it is to be successful. We monitored performance very carefully and so look the decision to close the shop as soon a5 we were clear il was unlikely lo provide Ihe surplus we needed to suslain local work. With the start-up C051s, slaft costs and our liability on the lease we have made an overall loss on thi5 Initiative of £137.000. Our work on Newport has grown significantly over the year and we have strengthened our relationship with the local aulhorily. We submitted a bid for £250.000 lo the Community Ownership Fund lo renovate the building arid rnake il more ecologically friendly and we are waiting for a decision on the application (we have expected this In early June but the General Election created a period of 'purdah' lor announcernents about governtnent funding and so we are still walling lo hear whether the application has been successfull. We have also been Successful with olhei grants and will be able lo expand the work al Newport particularly around sUPPOrting children and young people. Our Newport services include the Eveswell Explorers and Giggle Wiggles Slay and Play groups, both ol which enjoy consi51ently high attelldance and are a much-needed support to low-income families In the area. Typically. these farnilies struggle to 8fford childcare and do not hève the funds lor expensive days out. Children ieceive valuable lèaining experiences and 50eialization with peers. and the groups act as a dependable source of friendship, stability and cornmunity for fatnilies. The High Brooms work also continues to go well, again we have had some success with lundr3ising with the work here. Fundraising is particularly difficult in High Brooms because of its location in the Royal Borough of Tunbridge Wells and the pertsplion that the area is relatively wealthy. Much ol the work we do in High Brooms is locussed on the less wealthy and particularly on young families and older people. a significant amount of work has also been done on repairing and Lipdating the building. Highlights of our work in HKJh Brooms include our growing Neurospicy group. offering peer 5UPPOrt lo neurodiverse Ghildren and their families, and our partnership with Olympia Boxing. which supports young people irnpiove their confidence. resilien and emotional wellbeing through boxlit cl955es. We 31so continue our work with older residents through community participation and our popular HB Arts Club. Attendees valLJe the rnental health benefits and friendships which arise from our groups and are encouraged to co-delivei sessions alongside our woikèrs when possible. Our Blackpool work continues to go from stienglh to 51ienglh. we have built on the excèllent work that was already underway at St Peler's South Shore, which has increased the amount of activity al the Ghurch cornmunily centre and provided some new support slralegie5 for those who have attended. Our work in Blackpool operates in one of the most economicalty deprived areas in England. Despite these difficult circumstances, attendees of our That Friday Feeling and Art and Soul groups are building flourishing lives, characterized by cornmunity and connection. Our 5UPPOrt offers purpose, meaning and community lo these BlackrKJol residents, helping them navigate complex issues including addition. horneles5ness and mental ill-health. Oui website is now up and iunning and provides us with credibility, a good user experience. good accessibility. and Marketng possibiltieS which vnlil now have been unavailable. We llow create a good first impression as 8n organisalion on11ne and we have been able to make the websrte mole interactive and we hope to increase the conver510n rates for the activities we manage and organise. The analytics and insights we now get into Use of the website also provides useful information Into how people see u5. We have completely refreshed our Weirside hostel in the Lake District. this has Included repairs to the structure ol the building, the roof in particular, the installation ol Wi-Fi. a new fireplace, a revamp of the bunk beds, new rugs and carpets, nèw sofas and nèw crockery and cutlery. The place is now lully functioning. Our local cotnmunity work continues in Sallburn-by-lhe-sea. Cosby. Denny in Scotland and Barton-upon-Humber.
TOCH TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 The Iru5tees' report was approved by the Board ol Trustees. P D.t) T Drummond (Chairl Chair P Dimoline (Hon Treaskjrerl Trea$urÈr Dale.. Iq. P. IL4
TOCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TOC H I report to the trustees on my examination of the financial statements of Toc H (the chaiityl ft)r the year ended 31 March 2024. Responsibilities and ba515 of report As the trustees of the charity 13nd also ils directors for the purposes of company lawl you are resporisible lor the preparation of the financial statements iri accoidance with the requirernenls of the Charities and Trustee Investment (Scollandl Act 2005 Ilhe 2005 Act). Ihe Chaiities Accounts Iscollandl Regulations 2006 las amended) and the Cornp3nies Act 2006 (the 2006 Acll. You are satisfied that the financial statemènts of the chaiity ale not required by Charity or company law to be audited and have chosen instead to have an Independent examination. Having satisfied myself that the financial slatemenls ol the charity are not required lo be audited under Part 16 01 the 2006 Act and are eligible lor independent exatnination, I report in respect of my examination of the charity's financial slalements carried out under section 44111 l Gl of the 2005 Act and section 145 01 the Chanties Act 2011 Ilhe 2011 Act). In carrying out tny exarnination I have followed the requirements ol Regulation 11 of the Charities Account5 (Scollandl Regulations 2006 las arnendedl and all the applicable Directions given by the Charity Commission undei section 14515llbl ol the 2011 Act. Independent examinerfs statement Since the ch3r1ty is required by company law to prepare ils accounts on an aeeru8ls basis and is registered as charity in Scotland your exatllinei musl be a tnember of a body listed in Regulation 11121 ol the Chaiities Accounts (Scollandl Regulations 2006 las 3rnendedl. l confirm that l am qualified lo undertake the examin81ion because l am a metnber of Association of Chartered Certified Accounlanls, which is one ol the listed bodie5. I have completed my examination. I confiirn that no marter5 have come lo my altention in connection with the examination giving me cause to believe that in any rnateiial respect.. aocounting records were not kept in respect ol the charity as required by section 386 of the 2006 Act and Regulation 4 of the 2006 Accounts Regulations.. or the financial slalemenls do not accord with those records., or the linanaal statement5 do not comply with the accounting requirements of Regulation 8 of the Charities Accounts Iscollandl Regulations 2006 las amended) and do not Gotnply with Ihe accounting requirements ol seclion 396 01 the 2006 Act other than any requiremeiil that the accounts give a true and fair view which is not a matter considered as part of an Independent examination. or the financial slalemenls have not been prepared In accordanTr with the methods and principles ol the Slalemenl ol Recommended Practice for accounting and reporting by charities applicable to chaiities prepaiing their accounts ITI accordance with the Financial Reporting Standard applicable in the UK arld Republic of Iieland IFRS 1021. I have no concerns and have come across no other tnalleis in connection with the examinalion to which attention should be drawn in this report in ordei to enable a proper understanding ol the financial statemeIS to be leached. Jerroms Business Solutions Limitsd Mr Mark James Eden Chartered Certified Accountsnts Lumaneri House Blythe Gale Btythe Valley Park Wesl Midlands B90 8AH Dated"
TOCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrict•d Reslricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income and endowments from.. Donations and legacies Charitable aclivilies Enterprise Income Investments Other income 47.250 20.000 6.895 67.250 6.895 13.396 35,120 22,322 198.934 198.934 13.396 35,120 22,322 50.046 33.957 50.046 33.957 Total income 118,088 26,895 144.983 282,937 282,937 Expenditure on.. Charitable activities Relief to pool and aged Advance education Facilities for recreation or olhei leisure time Enterprise Expenditure 188,727 25.476 5,430 506 194.157 25.982 231.088 21,683 231.088 21,683 139,540 150,175 6,986 146.526 150.175 121.849 121,849 Total charitsble expenditure 503,918 12.922 516.840 374,620 374,620 Material cos15 Other expenditure 3,257 4.107 3,257 4.107 13 204 204 Totsl expèrbditure 511,282 12,922 524,204 374.824 374,824 Net gain51llossesl on investments 14 7,289 7.289 95,241 95,241 Net IncomellexpendituI 1385.9)51 13.973 1371,9321 3,354 3.354 Transfers beeen fvnds 14,4221 4.422 other recognised gains and losses.. Revaluation ol tangible fixed assets {107.3811 1107,3811 Net movement in fund5 10 1390,3271 18,395 1371.9321 1104.0271 1104.0271 Reconciliation of funds= Fund balances al 1 April 2023 1,125,930 8,612 1,134,542 1,229.957 8.612 1.238,569
TOCH STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Fund balancès at 31 March 2024 735.603 27,007 762,610 1,125,930 8.612 1,134.542 The slalemenl of financial activities includes all gains and lossè5 recognised in the year. All income and expenditure derive frorn continuing activities.
TOCH BALANCE SHEET AS Af31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets Irlvestment property Investrnents 16 17 18 146,443 420.000 145, 176 420,000 208.398 566,443 Current assets Debtors Cash at bank and in hand 773,574 19 24.233 186,737 3,659 363.928 210.970 Creditors-. amounts falling due within one year 367,587 20 114,8031 16.6191 Net current assets 196,167 360.968 Total assets lèss current liabilities 762,610 1.134.542 N•t assets èxcluding pension liability 762,610 1.134.542 The funds ofthe charity Restricted income funds Unrestrieled funds Revalu8lion reseNe 23 27.007 462,984 272.619 8.612 745.930 380,000 762,610 1, 134.542
TOCH BALANCE SHEET (CONTINUED) AS AT31 MARCH 2024 The company 1s entitled lo the exemption from the audit requirement contained in section 477 of the Companies Act 2006. lor the year ended 31 Maich 2024. The trustees acknowledge their responsibilities for ensuring that the charty keeps accounting CordS which o)mply with section 386 01 the Act and lor preparing liriancial statements which give a true and fair view of the slate of affairs of the company as at the end of the finaricial year and of it5 Incoming resou[S and application of re50uices. including ils inoome and expenditure, for Ihe financial year in accordance with the iequiremenls ol sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements. so lar as applicable to the cornpany. The members have nol required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the piovisions applicable lo companies subject lo the small companies regime. The financial statements were approved by the trustees on T Diummond Ichairl Chair P Ditlloline (Hon Treasurer) Treasurèr Company registration nurnber Rc00(19 (England and Walesl
TOCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AIARCH 2024 Accounting polFcies Charity information Toc H Is a private company limited by guarantee Incorporated in England and Wales. The registered Offi is 483 Green Lanes. London, N13 4BS. 1.1 Accounting convention The awounts have been prepared in accordance with thè charity's Royal Charter. dated 10 June 1971 las amended 11 December 20131. the Charities and Trustee Investrnent (Scollandl Act 2005. the Charilies Accounts Iscotlandl Regulations 2006 las amended), the Companies Act 201K and "Accounting and Reporting by Charities." Statement of Recornrnended Practits applicable lo chaiities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commenang from 1 January 20191. The charity is a Public Benefit Entity a5 defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Updale Bulletin 1 not to prere a Statement of Cash Flows. The financial slalements are prepared in sterling, which is the functional eurrency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, Imodified to include the revaluation of freehold properties and lo include investment properties and certain financial instrumen15 at laii valuel. The prin¢ipal 8ccounling policies adopted are set out below. A subsidiary. Toc H Trading Community Interest Cornpany IC.I.Cl was incorporated on 11 August 2023. Toc H Trading C.l.C is 3 private company limited by guarantee. Toc H has laken exemption from preparing consolidated aGGounls a5 the net Income of the group lie. after removing inlr3-groLJP Iransaclionsl in the a¢couriling period is no more than the audit threshold under the relevant charity legislation. 1.2 Going concern At the time ol approving the financial slatements. the trustees have a reasonable expectation that the charity ha5 a(tequale resources to continue In operational existence for the foreseeable future. Thus the Irustees continue lo adopt the going concern ba515 Of accounting In preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion ol the trustees in furtherance of their ¢haril3ble objectives. Restricted fLJnds are subject to specific conditions by donors or grantors as lo how they may be used. The purpose5 and uses ol the restricted funds are set out in the notes lo the finanual statements. Endowment funds arè subject lo spec4fic conditions by clonors that the capital must be maintained by the charity. 1.4 Incoma Income is recognised when the charity is legally entitled lo il after any performance conditions have been met. the amounts can be measured ieliably. and il Is probable that income will be reived. Cash donations ale iecognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions ieqLSiie defeiral of the amount. Income tax recoverable in relation lo donations received under Grft Aid or deeds of covenant is recognised al the time ol the donation. Legacies to which the chaiily is entitled ale induded in the slalement of financial activities unless they are incapable of mea5uremenl. 10-
TOCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 1.S Expenditure Expenditure Is recognised once there is a legal or constructive obligation lo transfer ecoriornic benefi't ID a third party, il is probable that 3 Iransler of economic benefits will be required In settlement, and the amount ol the obligation can be measured reliably. Expenditure is classified by èclivily. The c05t5 of each activity are made up of the total ol direct costs and 5haied costs. including support costs involved in undertaking each aclivily. Direct costs attributable to a single activity are allocated diieclly lo that activity Shared costs which wnlribute lo more than one activity and support costs which ale not altribulable to a single actiwly are apportioned between those adivilie5 on a basis consistent with the use ol resources. Central 51aff cost5 are allocated on the basis of lime spent. and depreciation charges are allocated on the portion of the asset's use. Restricted funds are to be used foi specified purposes laid down by the donor. Expenditure for those purposes is charged to the fund. together with a fair allocation of overhead5 and support costs. 1.6 Tangible fixèd assets Tangible fixed assets arè Initially measured at cost and SLJbsequently measured al cost 01 valuation, net of depreciation and any irnpairrnent losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residLJal values over their useful lives on the following bases Land and buildings Fixtures, fittings & equipment Plant and machinery Motoi vehicles 20Q/ts Straight line 20°/0 Stiai9hl line 10°A Straight line The gain or loss arising on the disposal of an asset is determined a5 the difference betheen the sale proceeds and the carrying value ol the asset, and is re¢ognised In the staternenl of financial activities. 1.7 Investment property Investment property. which is propety hèld to eain rentals andlor for ¢apital appreciation, is initially recognised al cost. which includes the purchase cost and any directly attributable expenditure. Subsequently Il Is tne85ured at lair valLJe at the reporting end dale. The SL4rplus or delicil on revalualion is recognised In profit or loss. 1.8 Fixed asset invèstments Fixed asset investments are initially measured al transaction price excluding transaction costs, and are subsequeniiy measured at fair value al each reporting date. Changes in laii value are recognised in net incomellexpendituiel for the year. Transaction costs ale expensed as incurred. 1.9 Impaimient of flxed zssets At each reporting end dale, the chanty reviews the carryillg arnounls of its tangible assets to determine whether there is any Indication that those assets have suffered an impairment loss. If any such indication exists. the recoverable amount ol the asset is eslitnaled In order to determine the exlenl of the impairment loss lif any). 1.10 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid Investments with original tnalurilies of three months or less. and bank overdrafts. Bank overdrafts are shown W1thin borrowings in current liabilities.
TOCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policSe$ Icontinuedl 1.11 Financial instruments The chaiily has elected lo apply the provisions of Section 11 'Basic Firiancial Inslrumenls. and Section 12 'Othei Financial Instruments Issues ol FRS 102 to all ol its financial instruments. Financial instruments 8ie iecogn15ed in the oh81ily'$ balance she&t whèn the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in Ihe financial Statements. when there is a legally enforceable right to set off the recognised afflounts and there is an intenlion to settle on a rTrel basis 01 to realise the 8sset and settle the liability simultaneoLJsIy. Basic financial assets Basic Iinancial assets. which include debtors and cash and bank balances. are initially measured al transaction price including transaction c051s 8nd ale subsequently carried at amortised cost Ljsing the effective interest method unless the arrangement constitutes a financing transaclion, where the transaction is rneasured al the present value of the future ieceipts discounted at a market late ol interest. Financial assets classified as receivable within one year ale not amotlised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recogn15ed at Iiansaction price unless the arrangement constilules a financing transaction. where the debt instrurnent is measured al the present value of the luluie payments di%ounled al a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt in51rumenls are subsequently ¢8riièd al amortisèd cost. using thè effective interest rate method. Trade creditors are obligations to pay lor goods 01 5ervice5 that have been acqisired In the ordinary course ol operations from suppliers. AmoLJnls payable are classified as current liabililies if payment Is due within one year or less If not, they are presented as non-cuirent liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the elfective interest method. Derecggnition of financial liabilitie5 Financial liabilities are derecognised when the charty's contractual obligation5 expire or are discharged or cancelled. 1.12 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee'5 setvice5 are received. Termination benelits are recognised irnmedialely as an expense when the charity is demonstrably committed lo lerminate the employment of an employee 01 to provide termination benefits. 1.13 Retirement benefits Payments lo defined contribution retirement benefrt schemes are charged as an expense as they fall due. 1.14 Branches The branches are included in these accounts where returns have been received al central Servi$. BianGhes undertake their own fundraising with central support. Branches consist entirely of volunleers. The Toc H Trustees oversees the delivery of welfare sewices. 12
TOCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Icontinuedl 1.15 Fund Accounting Restricted funds are to be used for specific purposes laid down by the clonor. Expenditure lor those purposes is charged to the fund. logethei with a fair allocation of ovefheads and support costs. Unreslricled funds are donations and other incorving resources received or generated for expenditure on the general objectives of the charity_ Income from donations and legacies Unrestricted Restricted lunds lund5 2024 2024 Total Unrestricted Restrlcted funds funds 2023 2023 Totsl 2024 2023 Donations and gift5 Legacies receivable Grants received 247 36.142 10.861 247 36,142 30,861 118.408 69,441 11,085 118.408 69.441 11,085 20.000 47,250 20,000 67.250 198,934 198.934 Grants receivable for core activitles Gift Aid Lottery Grant The Henry Smith Charity National Grid Electncity Distribution Other 1.085 10.000 1,08S 10,000 10.000 10,000 10.000 10,000 10,861 10.861 10.861 20.000 30,861 11.085 11.085 Income from charitsble activlties Branch activitie5 Total 2024 2023 Weslhill Endowment- Grant for Work In Blackpool 6,895 Analysis by fund Restricted ILJnds 6,895 6.895 13-
TOCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from enterprise income Unrestricted Unrestricted funds funds 2024 2023 Non-charitable trading activities 13.396 Income from investments Unrè5trictsd Unrestricted funds funds 2024 2023 Rental incorne Interest re1vable 33.341 1.779 49,754 292 35.120 50.046 Other income Unrestricted Unrestricted funds funds 2024 2023 Nel gain on dispossl of tangible fixed assets Membership subscriptions 26.317 7.640 22.322 22,322 7,640 14-
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TOCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Grants payable Facilitie5 for recreation or other leisure time 2023 Grants lo inslilulion5-. Pakistan Flood Relief 1.OCM) Support costs allocated to a¢tlvltlès 2024 2023 Subsistence costs General travel expènsès Trustees expenses Equipment purchases Office costs SLJndry expenses Governance costs 6,353 9.578 4.900 1,854 9,285 9,896 20.587 3,510 13.529 4.079 6,063 7,120 9,404 17,883 62.453 61.588 Analy5ed between= Relief to poor and aged Advance education Facilities for recreation or other leisure time 28,104 6.246 28.103 27,714 6.160 27,714 62.453 61.588 2024 2023 Governance costs comprise- Examineis fees Bookkeeping fees Legal and professional 4,660 4.320 4.759 8.804 15.927 20.587 17,883 Key". CA 1 Icharrtable activity 11- Relief to poor or aged CA 2 Icharilable activity 21- Advance education CA 3 (Charitable activity 31- Facilities for recreation or other leisure time Basis of allocation- CA1& CA3 . 45fj/o,CA2-10° 16-
TOCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Net movement in funds 2024 2023 The net movement in funds is stated after chargin9llcreditingl' Fees payable for the independent ex8minati(>n of the charity's finanGial Slatemenls Depreciation of owned tangible fixed assets Lossllprofitl on disposal of tangible Iixed 8ssels 4,660 5.670 3.966 4,320 1,291 126,3171 11 Trustees S trustees were reimbursed a total of £4.233 Iravelling and subsistence expenses12023 - 2 trustees were reimbursed a total of £4,180) during the year. None of the Iruslees received any remuneralpon or benefits from the charity during the year. 12 Employees The average monthly nurnber of employee5 during the year was.. 2024 Number 2023 Number Admiriistiatio Employmgnt costs 2024 2023 Wages and salaries Social security costs other pension costs 175,606 18.019 12.234 167,654 12,119 12,406 205.859 192.179 There were no employees whose annual remuneration was more than £60,000. 13 Other expenditure Unrestricted Unrestricted funds funds 2024 2023 Nel loss on disposal of tangible fixed assets Financing costs 3,968 141 204 4.107 204 17-
TOCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Gains and losses on investrnents Unrestricted Unrestricted fund$ funds 2024 2023 Gainslllossesl arising on.. Revaluation ol investments Sale of investments 112,1401 107,381 7,289 7,289 95,241 15 Taxation The charity is exempt from taxation on its activities because all it5 income is applied lor charitable purposes. 16 Tangibte fixed assets Land and buildtng5 Fixtures, fittingg & equipment Plant and machinery Motor vehicle5 Totsi Cost At 1 April 2023 Additions Disposals 123,342 1.095 15,146 12,185 9,760 14,990 151,612 24,906 114,9901 114.9901 At 31 March 2024 123,342 16,241 21.945 161,528 Depreciation and impaim)ent At 1 April 2023 Depreciation charged in the year Eliminated in respect of disposals 4,391 1,522 6.523 2.649 125 1.499 11.6241 11,039 5,670 11.6241 Al 31 March 2024 5,913 9.172 15.085 Carrying amount Al 31 March 2024 123.342 10.328 12,773 146.443 Al 31 March 2023 123.342 1,308 5,661 14,865 145.176 18-
TOCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARGH 2024 17 Investment property 2024 Fair value At 1 April 2023 and 31 March 2024 420,000 The lair value of the investment propety has been arrived al on the basis of a valuation Caled out by trustees. The valuation was made on an open market value basis by reference to rnarket evidence of transaction prices lor similar properties. At 31 March 2024. had the revalued assets been carried 31 historic cosl less accumulated depreciation and accumulated impairment losses. their carryin9 amount would have been approximate £147.381 12023 £147.3811. 2024 2023 Freehold 420,000 420,000 18 Fixed asset investmènts Listed Inv•stments Cost or valuation Al 1 April 2023 Disposals 208.398 1208,3981 At 31 March 2024 Carrying amount Al 31 Maich 2024 Al 31 March 2023 208.398 A subsidiary, To¢ H Tiading Community Interest Company IC.I.Cl was in¢orporatèd on 11 August 2023. Toc H Trading C.l.C Is a private company Iirnited by guarantee. Toc H has taken exerllption from pieparing consolidated accounts as the nel income of Ihe group lie. after removing intia-group transactions) in the accounling period is no more than the audit threshold under the relevant charity legislation. 19
TOCH NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 19 Debtors 2024 2023 Amounts tslling due within one year: Trade deblors Gift aid recoverable Amounts owed by subsidiary undertakings Other debtors Prepayments and accrued inootme 320 3.339 3.339 4.653 11.098 5.143 24.233 3,659 20 Creditors.. amounts falllng due within one yèar 2024 2023 Nots¥ Deferred income Trade credilois Other creditors Accruals and deferred income 21 4,120 2.280 4.020 4,383 2,519 4,100 14,803 e,619 21 Deferred income 2024 2023 Arising from Advance rent receivÉd on Wierside 4,120 2.519 Deferred income is induded in the financjal statement5 as follows.. 2024 2023 Deferred income is included within.. 4,120 2.519 Movements in the year Deferred incorne at 1 April 2023 Resources deferred in the year 2.519 1.601 5,295 12,7761 Deferred income 8131 March 2024 4.120 2,519 -20-
TOCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 Retirement benefit schemes 2024 2023 Defrned Contribution schemes Charge lo profil or loss in respect of defined contribution schemes 12,234 12.406 The chaiity operates a defined contribution pension scheme lor all qualifying employees. The assets ol the schéme aré held 5épaiat6ly from those of the charity in an independently administered fund. 23 Restricted fvnds The reslricled funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as lo how they rnay be used. At 1 April 2023 Incoming rèsources Restsurces èxpendèd TransfÈrs At 31 March 2024 Leisure activiles Work in Blackpool Newport Ceniral Cost The Henry Smith Charity National Grid Electricity Distribution 8,612 8.612 4.725 4.422 7.160 6.895 12,1701 4.422 10.000 12,8401 10.000 17,9121 2.088 8,612 26.895 112,9221 4.422 27.007 Previous year= At 1 April 2022 Incoming resource5 Resources expende Transfers At 31 March 2023 8.612 8.612 21
TOCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 23 Restrictèd fund$ IContinu•dl Downend The fund lor specific projects to carry out in Downend. Central and Local To¢ H There are numeroLJS small balances. Work in Blackpool Activities lor the rèlief lo the pool and aged including support groups. befriending. after school and pre school activities for low Income tsrnilies Newport Central Costs Cornmunity focused activilies to support poor and aged p8rticularly support young children and young people. National Grid Cotnmunity focused activities in Newport lo support poor and aged. Infrastructure costs to support recreation and leisure activities. Training opporturiity lo support the advance of education related lo energy efficiency and conservation. The Henry Smith Charity Community focused activities at High Brooms to support poor and aged. particularly young families. IFrfrastruclure costs to support recreatiorTr and leisuie activities. 24 Unrestricted fvnds The unreslricled funds of thé charity comprise the unexpended balances ol donations and grants which are not subject to specific conditions by donor5 and grantors as lo how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees lor spècific purposes. At 1 April 2023 Incoming rtr$OUeS Resources expended Transfers Gains and At 31 March losses 2024 General funds 1,125,930 118.088 1511.2821 14.4221 7,289 735.603 Previous year: At 1 April 2022 Incoming resources Resources èxpended Transférs Gains and At 31 March losses 2023 General funds 1,229,957 282.937 1374,8241 112,1401 1.125,930 22-
TOCH NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 2S Analysis of net assÈts beten funds Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024.. Tangible assets Investment properties 146.443 420.000 169,160 146,443 420,000 196.167 27,007 735,603 27,007 762,610 Unrsstricted funds 2023 Restricted funds 2023 Totsl 2023 At 31 March 2023: Tangible assets Investment properties Investments Current assetsllliabilitiesl 145,176 40,000 208,398 352,356 145.176 420.000 208.398 360.968 8.612 745.930 8,612 1,134,542 26 Financial commitment5. guarantees and contingent liabilities The charity had no capital cornrnitments at 31 March 2024. 27 OpÈiating lease cotllmitmen15 Lessee Al the reporting end date the charily had oulslanding commitments for lulure minimurn lease payments under non-cancellable opeialing leases, which fall due as follows.. 2024 2023 Vlfithin one year 18.600 Lessor The operating lease5 represent lease5 Of Unil 14 The King5way Centre Newport lo third parties. The leases ale negolialed over terms 011 year. 28 Related party transactions There was no related party transactions during the year. -23-
Document Activity Report Document Sent Wed. 07 Aug 2024 16..19.'58 GMT Document A¢tivity History Document history show$ most rec8nt activity first Oatg Activty You can verify that this is a genuine Portal document by uploading Il lo the following secure web page.. http-.I1jeoMs.accOunfantspace.Co.Uk1meSsageS1VerIfyDOCUmellt