Charity reglstratlon number 295976 {England and Wales)
Company reglstration number 01806096
NETWORK OF WELLBEING
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

NETWORK OF WELLBEING
CONTENTS
Pago
Trustees, report
Independent examinerfs report
Statement of financial activities
Balance sheet
Notes to the financial statement5
7-21

NETWORK OF WELLBEING
LEGAL AND ADMINISTRATIVE INFORMATION
The Charity is registered and is a company limited by guarantee governed by its Articles of Association.
Directorsl Trustees
The subscribersldirectors of the Charitable company (the Charity) are its Trustees for the purposes of
charilable law and throughout this report are collectively referred to as the Trustees. The Trustees serving
during the year and since the year end were as follows..
Trustees
Mr N J Woodward
Mr D Green
Mr Z Choudhury
(Appointed 19 November
20241
(Appointed 30 September
2025)
(Appointed 30 September
2025}
(Appointed 30 September
20251
Mrs S Humphrey
Mr S Dickinson
Ms K Sperring
Secretary
Mrs S Humphrey
Charity number
295976
Company number
01806096
Registered office
CIO Eden Rise
Sandwell Barns
Harberton
Totnes
Devon
TQ9 7LJ
Independent examiner
Mr J Milden FCCA
Darnells Chartered AGGountants
30 Fore Street
Totnes
Devon
TQ9 5RP
Bankers
Triodos Bank
Brunel House
11 The Promenade
Bristol
BS8 3NN

NETWORK OF WELLBEING
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their report and accounts for the year ended 31 March 2025.
The accounts have been prepared in accordance with the accounting policies Set out in note 1 to the accounts
and comply with the Charitws Memorandum & Articles of Association dated 4 April 1984, the Companies Act
2006 and the Ststement of Recommended Practice for charities applying FRS102.
Objectives and actlvltles
The Charity's objects are to advance education, research and practi￿ frjr the benefit of the publ￿ in the fields of
health, wellbeing and the environment.
The Trustees have paid due regard to guidance issued by the Charity Commission on public benefit in deciding
what aclivilies the Charity should undertake.
To meet these ends, the Charity carries out awareness-raising activities, principally online and in the UK. It also
runs projects - the Share Shed, which helps people to live better by borrowing things they cannot buy or
store and Eden Rise, a relreal centre, three miles lo the west of Totnes. which is used for a range of wellbeing-
related activities.
Achievements and performance
The Charity continues to focus its activities on the wellbeing of people who act to make the world a better place.
but lack of resources, especially staff time, limited the Charity's performance this year, especially as regards its
awarene5s-raising activities. This. and wider issues, had an impact on its reach on social media. Its following on
X and Facebook fell to 17,300 and 5,350 respeclively while followers on Inslagram and Linkedln stayèd level at
2,193 and 846. Just under 5,000 people subscribed to its monthly &newsletter but members of its Building
Wellbeing Together Facebook group rose to 806.
The lack of staff-time also limited the number of events the Charity could host. An online meeting was held in
June to explore Natural Happiness
the roots of wellbeing with the author and wellbeing practitioner. Alan
Heeks. The Charity also partnered with Melissa Noble of the Academy of Wide-hearted Living to host a
Wellbeing for Changemakers Creative Retreat at its retreat cenlre, Eden Rise in July 2024. It worked with the
Resurgence Trust to sponsor the Trust's online Festival of Wellbeing in October 2024 and to host 8 ffijrther online
meeting themed around Hope in Action.. Living in Times of Emergency and Emergence in December 2024,
followed by a parallel retreat, in March 2025.
Considerable time had to be expended on fundraising to secure the future of its projects. especially the Share
Shed, which was in a precarious position at the beginning of the year. A Crowdfunder campaign was launched in
late April 2024 which raised £17,117 while a further £12,400 was raised in small grants from local trusts and
¢ouncillors.
This enabled the Share Shed to continue its weekly service to seven towns across South Devon - Ashburton,
Buckfaslleigh, Dartington. Ivybridge. Kingsbridge, South Brent and Totnes. In 2024 it made 1347 loans and, by
the end of the financial year. it had saved local people over £430,000 and prevented 283 lonnes of (2rbon
dioxide emissions since it was founded in 2017.

NETWORK OF WELLBEING
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The Charity organises regular events to help promote the Share Shed. Principal amongst these was a Woolfest.
in Buckfastleigh, with the Wool Hub CIC. which attracted over 400 people to celebrate shearing, spinning.
weaving. carding, dyeing, knitting and felting. It also worked with the Moor Imagination Colledive to set up a
Repair Café in Buckfaslleigh. In November 2024, it published Setting up and Sustaining a Library of Things, a
43-page guide to help people in other parts of the UK to set up and run libraries of things.
Meanwhile, Eden Rise, the Charity's retreat centre continued to be well used. In addition to the Charity's own
events, it hosted 57 residential retreats for over 1,000 people in 2024. Activities included breathwork and other
meditation practices,. yoga,. non-violent Communication through dance and personal development.
During the summer of 2024, the Charity, with part help from South Hams Dislrict Council, invested over £28,000
to install 40 new solar panels at Eden Rise to help manage rising energy costs. It invested in new water butts to
reduce demand on its borehole and installed new re¢ycling systems. including the composting of all food waste.
Shortly before its Annual General Meeling, the Chair of Trustees, Michelle Preston, resigned for urgent personal
reasons. David Green was elected Chair of Trustees in her place. However. the Trustees decided not to recruit
more until the Charity's financial position was more secure.
Financial review
There was a surplus of income over expenditure for the year of £440 (2024.. deficit of £80,930).
The Charity aims to recoup core costs brought about by its projects and retains sufficient reseNes in a
designated fund to cover liabilitie5, should it ever be forced to cease any of its operations. Unrestricted reserves
are held pending the identification of suitable projects for funding.
In April 2025, the National Lottery Community Fund awarded the Charity £215,316 over four years for 'Happier
People and Stronger Communities through Share and Repair in South Devon"
a project to build stronger
communities in South Devon. This will secure the future of the Share Shed for at least four years and enables
the Charity to devote more of its core resources to its awareness-raising activities.
Restricted reserves are held for the specified projects. The reserves position is to be reviewed at the end of each
year.
Structure, governance and management
The Charity is a company limited by guarantee (registered number 018060961 having no share capital. It is also
a registered charity (number 295976). Under the provisions of Section 60 ofthe Companie5Act 2006. the
company is entitled to omit the word 'Limited' from its name. It is governed by its Memorandum and Articles of
Association. wth its registered office being CIO Eden Rise. Sandwell Barns, Harberton. Totnes. Devon, TQ9 7LJ.
Members of the Trustee Board are all Directors of the company. In the event of the company being wound up the
liability of the members is limited to £1 each.
The Trustees who served during the year and since the year end are..
Mr N J Woodward
Mrs M C Woodward
Ms M Preston
Mr D Green
Mr Z Choudhury
Mrs S Humphrey
Mr S Dickinson
Ms K Sperring
(Resigned 30 September 2025)
(Resigned 31 October 2024)
(Appointed 19 November 2024}
(Appointed 30 September 2025)
(Appointed 30 September 2025}
(Appointed 30 September 20251
ReGruitment and appointment of Trustees
Trustees are appointed by approval at general meetings.

NETWORK OF WELLBEING
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Organisational structurè
The Board ofTrustees administers the Charity and meets at least once a yearto review grants and fundraising
policies.
Trustees inductlon and training
New Trustees are explained the nature of their role by the Chaiman.
This report has been prepared in accordance with the special provisions relating to small companies within Part
15 ofthe Companies Act 2006.
On behalf of the Board of Trustees.
Mrs S Humphrey
Company Secretary
Dated.. 031.1.2.120.2.5....

NETWORK OF WELLBEING
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF NETWORK OF WELLBEING
I report to the Trustees on my examination of the financial statements of Network of Wellbeing (the Charity) for
the year ended 31 March 2025.
Responslbllities and basls of report
As the Trustees of Ihe Charity (and also its directors for the purposes of company law), yOLr are responsible for
the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16
of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination
of the Charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my
examination I have followed the Directions given by the Charity Commission under section 145151{bl of the
Charities Acl 2011.
Independent examiner's statement
I confirm that no matters have come to my attention in connection with the examination giving me cause to
believe that in any material respect:
accounting records were not kept in respect of the Charity as required by section 386 of the Companies
Act 2006.
the financial statements do not accord with those records.. or
the financial statements do not comply with the accounting requirements of section 398 of Ihe Companies
Act 2006 other than any requirement that the financial statements give a true and fair view. which is not a
matter considered as part of an independent examination- or
the financial statements have not been prepared in accordance with the methods and principles of the
statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their financial statemenls in accordan￿ with the Financial Reporting Standard applicable in the
UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection wth the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial statements to
be reached.
ason Milden FCCA
Darnells Chartered Accountants
30 Fore Street
Totnes
TQ9 5RP
Dated.. .Q..*.-..12.-...1o E

NETWORK OF WELLBEING
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Restricted
funds
funds
2025
2025
Total Unrestricted Restricted
funds
funds
2024
2024
Total
2025
2024
Notes
Income and endowments from:
Donations and legacies
Charitable activities
Investments
other income
109,517
16,571
109.517
97,675
1,770
431
73,300
17,058
73,300
86,157
1,216
480
81,104
1,770
431
69.099
1,216
480
Total income
83,305
126,088
209,393
70,795
90.358
161,153
Expenditure on:
Charitable activities
82.163
126,790
208.953
74,290
167,793
242,083
Total expenditure
82,163
126,790
208,953
74,290
167,793
242,083
Net incomellexpenditure>
1,142
1702)
440
(3,495)
{77,4351
(80,9301
Transfers be￿een
funds
10,000
110,000)
Net movement in
funds
11,142
110,702)
440
(3,495)
(77,435}
{80,930}
Reconciliation of funds:
Fund balance5 at 1 April 2024
54,269
40,944
95.213
57,764
118,379
176,143
Fund balances at 31 March
2025
65,411
30.242
95,653
54,269
40,944
95.213

NETWORK OF WELLBEING
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Notes
Fixed assets
Tangible assets
12
54,587
29,265
Current assets
Debtors
Cash at bank and in hand
13
7,525
86,396
15,523
102,228
93.921
117,751
Creditors: amounts falling due withln
one year
14
(52.855}
{51.803)
Net current assets
41,066
65,948
Total assets less current liabilities
95,653
95,213
Income funds
Restricted funds
16
30,242
40,944
Unrestricted funds
65.411
54,269
95.653
95,213
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 March 2025.
The Trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which
comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state
of affairs of the company as at the end of the financial year and of its incoming resources and appbcation of
resources, including its income and expenditure, for the financial year in accordance with the requirements of
sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financi<al statements, so far as applicable to the company.
The members have not 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 provisions appliGable to companies subject
to the small companies regime.
Mrs S Humphrey
Trustee
Company reglstration number 01806096

NETWORK OF WELLBEING
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Company information
Ne￿ork of Wellbeing is a private company limited by guarantee incorporated in England and Wales. The
registered office is CIO Eden Rise. Sandwell Barns, Harberton, Totnes, Devon, TQ9 7LJ.
1.1 Basis of Preparation
These accounts have been prepared in accordance with FRS 102 "The Financial Reporting Stsndard
applicable in the UK and Republic of Ireland. ("FRS 102"}, "Accounting and Reporting by Charities. the
Statement of Recommended Practice for charities applying FRS 102. the Companies Act 2006 and UK
Generally Accepted Accounting Practice as It applies from 1 January 2019. The Charity is a Public Benefit
Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update
Bulletin 1 not to prepare a Slatement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared using the historical cost convention. The principal accounting
policie5 adopted are set out below.
1.2 Charitsble funds
Unrestricted funds are available for use at the discretion of the Trustee5 in furtherance of their charitable
objectives unless the funds have been designated for other purposes.
Designated funds comprise funds which have been set aside at the discretion of the Trustee5 for specific
purposes. The purposes and uses of the designated funds are set out in the notes to the accounts.
Restricted funds are subject to specific conditions by donors a5 to how they may be used. The purwses and
use5 Of the restricted funds are set out in the notes to the accounts.
1.3 Incomlng Resources
Income is recognised when the Charity is legally entitled to it after any performance condttions have been
met. the amounts can be measured reliably. and it is probable that income will be received.
Income from donations and grants. including capital grants, is included in incoming resources when these are
receivable, except as follows:
when donors specify that donations and grants given lo the Charity must be used in future
accounting periods, the income is deferred until those periods.
when donors impose conditions which have to be fulfilled before the Charity becomes entiued to use
such income, the income is deferred and not included in incoming resources until the pre-conditions
for use have been met.
Inlere5t receivable
Interest receivable is included in investment income when it is receivable by the charitable company.
1.4 Resources expended
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation
committing the Charity to the expenditure. All expenditure is accounted for on the accruals basis and includes
irrecoverable VAT. Expenditure is allocated to categories either on a direct or a usage basis.
Expenditure attributable to meeting the aims and objectives, including the support costs, is included in
charitable activities.

NETWORK OF WELLBEING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
Governance costs comprise all costs involving the public accountability of the Charity and its compliance with
regulation and good practice. These costs include the costs related to the independent examination and legal
fees.
Overhead costs incurred wholly or mainly in support of generating funds, or in support of expendiknre on the
objects of the Charity and being an integral part of the costs of carrying out those activities, are separately
analysed within Cosls of Generating Funds or Charitable Expenditure in the Statement of Financial Activities
as appropriate.
1.5 Tangible fixed assets and depreciatlon
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases:
Freehold land & buildings
Plant- Solar panels
Fixtures, fittings and equipment
Motor vehicles
1 /0 per annum straight line basis
10°A per annum straight line basis
15 /0 per annum on a reducing balance basi5
25 % per annum on a reducing balance basis
The gain or loss arising on the disposal of an asset is determined as the difference be￿een the sale
proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.6 Impairment of fixed assets
At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such indEation
exists, the recoverable amount of the assel is estimated in order to delermine the extent of the impairment
loss (if any).
1.7 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks and bank overdrafts. Bank
overdrafts are shown within borrowings in cu￿ent liabilities.
1.8 Flnancial instruments
Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances. are initially
measured at Iransaction price including transaction costs and are subsequently carried at amortised cost
using the effective interest method unless the arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts discounted at a market rate of ￿tereSt.
Financial assets classified as re￿¢Vable within one year are not amortised.
Derecognltlon of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or
are settled. or when the Charity transfers the financial asset and substantially all the risks and reward5 of
ownership to another entity.

NETWORK OF WELLBEING
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
{Continued)
Baslc financlal liabilities
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price
unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the
present value of the future payments discounted at a market rate of interest. Debt instruments are
subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities classified
as payable within one year are not amortised.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Accounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at
transaction price and subsequently measured at amorttsed cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or
cancelled.
1.9 Retirement benefits
The Charity operates a defined contributions pension scheme. Contributions are charged in the accounts as
they become payable in accordance wilh the rules of the scheme.
1.10 Debtors and creditors receivable I payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any105ses arising from impairment are recognised in expendilure.
Income from donations and legacies
Restricted
funds
2025
Restricted
funds
2024
Donations and gifts
Grants
17,117
92.400
1,300
72,000
109,517
73,300
Grants
Brownswood Trust for Wellbeing project
South Hams District Council (Rural England Prosperity Fund} - Eden Rise
Wakefield Trust- Share Shed
Frederick Mulder Foundation- Share Shed
Devon Community Foundation- Share Shed
South Hams District Council- Share Shed
Kingsbridge Town Council- Share Shed
Belvedere Trust- Share Shed
Patrick Roland FoLsndation - Share Shed
70,000
10.000
2,300
2,000
5,000
2,800
300
70.000
1,000
1,000
92,400
72,000

¢sJ o
OLn
c c o)
<Jcc

NETWORK OF WELLBEING
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THEYEAR ENDED 31 MARCH 2025
Income from investments
Unrestrlcted Unrestricted
funds
funds
2025
2024
Interest receivable
1,770
1.216
other income
Unrestricted Unrestricted
funds
funds
2025
2024
Solar panels at Eden Rise
431
480
11

NETWORK OF WELLBEING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expenditure on charitable activltles
Network of Share Shed
Wellbelng
2025
Green Eden Rise
Books
2025
Total
Total
2025
2025
2025
2024
Direct costs
Staff costs
Depreciation and
impairment
Rent
Insurance
Bad debts
Filming, advertising and
publicity
Telephone, printing,
postage and stationery
Heat and light
Travel, accommodation and
subsistence
Computer costs
Staff training and
recruitment
Motor running expenses
Sundry expenses
Conferences and events
Repairs
Volunteer expenses
Consumables and cleaning
73.341
20,381
18,079
111.801
109,413
2,981
480
500
8,415
11,396
480
3,411
7,101
513
3,057
50,000
596
2.315
1,000
1,706
612
3,318
5,968
47
1,564
867
7.617
2,478
7,617
2,071
9,960
843
527
1,045
800
3,244
5.132
1,327
5,378
448
352
352
5,588
1,000
4,216
14,033
9,624
14.212
4,742
7.029
3,358
1,671
7,419
5,905
10,535
5,588
129
1.113
1,483
135
3,103
736
12.550
9,624
14,212
79,944
37,770
78,271
195,985
234,568
Grant funding of activities
{see note 7)
Share of support and governance costs (see note 8)
Support
5,812
54
Governance
1,340
870
1,000
1,000
3,000
2,131
1,761
7,997
3.971
2,147
2,368
87.096
38.694
1,000
82,163
208.953
242,083
Analysis by fund
Unrestricted funds
Restricted funds
82,163
82,163
126,790
74,290
167.793
87,096
38.694
1.000
87,096
38.694
1,000
82,163
208.953
242.083
12-

NETWORK OF WELLBEING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expenditure on charltable activities
(Continued)
Previous year:
Network of Share Shed
Wellbelng
2024
Green Eden Rlse
Books
2024
Atmos
funding
2024
Total
2024
2024
2024
Direct costs
Staff costs
Depreciation and
impairment
Rent
Insurance
Bad debts
Filming, advertising and
publicity
Telephone, printing,
postage and stationery
Heat and light
Travel, accommodation and
subsistence
Computer costs
Staff training and
recruitment
Motor running expenses
Sundry expenses
Conferences and events
Repairs
Volunteer expenses
Consumables and cleaning
62,280
20,741
26,392
109.413
3,387
513
500
3.714
7,101
513
3,057
50,000
557
2,000
50,000
2,545
2,221
1,202
5.968
19
1,189
863
9.960
2.071
9.960
1,581
338
709
110
3.088
5.378
448
4,717
25
7,029
157
792
961
4.742
7.029
3,358
1.671
7,419
5.905
10.535
2,121
879
1.080
6,438
5.905
10.535
75.037
38,354
71.177
50.000
234,568
Grant funding of activities
(see note 7)
1,000
2,000
3,000
Share of support and governance costs (see note 8)
Support
11
49
Governance
1.062
280
2,087
1,026
2,147
2,368
77,110
38,683
2,000
74.290
50.000
242,083
Analysis by fund
Unrestricted funds
Restricted funds
74.290
74,290
167,793
77,110
38,683
2,000
50,000
77,110
38.683
2,000
74,290
50,000
242.083
13-

NETWORK OF WELLBEING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Grants payable
Green
Books
2025
Network of
Wellbeing
2024
Green
Books
2024
Total
2024
Grants to institutions..
Resurgence Trust
Totnes Community Development Society
1,000
2,000
2,000
1,000
1,000
1,000
1,000
2,000
3,000
Support costs allocated to activities
Total
2025
Total
2024
Eden Rise- Bank charges
Eden Rise - Administrative costs
Share Shed- Bank charges
Network of Wellbeing- Bank charges
Network of Wellbeing - Fundraising costs
Governance
58
2,073
54
12
5,800
3,971
54
2.033
49
11
2.368
11,968
4,515
202S
2024
Governance costs comprise:
Independent Examiners fees - external scrutiny
Independent Examiners fees - other services
2,112
1,859
2,040
328
3.971
2,368
Trustees
None of the Trustees (or any persons connected with them} received any remuneration during the year12024'.
£nil), and the Trustees were not reimbursed travelling expense5 durtng the year (2024.. one Trustee was
reimbursed travelling expenses of £94).
10 Employees
2025
Number
2024
Number
14-

NETWORK OF WELLBEING
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
10 Employees
(Continued)
Employment costs
2025
2024
Wages and salaries
Social security costs
other pension costs
105,564
3.949
2,288
103,635
3,572
2,206
111,801
109,413
All staff were employed on a part-time basis.
There were no employees whose annual remuneration was more than £60.000.
11 Taxation
The charity is exempl from tax on income and gain5 falling within section 505 of the Taxes Act 1988 or section
252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to ils charitable objects.
15-

(O
IY)
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NETWORK OF WELLBEING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12 Tangible fixed assets
(Continued)
Freehold land and buildings at Eden Rise, Sandwell, Totnes have a disdosed nominal value of £1 due to a
covenant that if they were disposed they must be gifted to another charity. If the covenant was not in pla￿.
the property was valued at an open market value of £600,000 on 23 August 2019 by CSS Complete
Surveying Services.
13 Debtors
2025
2024
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
1,952
5,573
15,523
7,525
15,523
Debtors include a loan of £50,000 for which a bad debt provision is in place to Totnes Community
Development Society and is consequently disclosed a £nil value. The loan is interest free, unsecured and wth
no fixed terms of repayment. Repayment is to take place on the Commen￿Ment of the development to be
undertaken.
A doubtful debt provision is in place as the Trustees have taken into account the outcome of the Public Inquiry
into the proposed development of the former Dairy Crest site and ils implications for the £50.000 unsecured
loan made by the Ne￿ork of Wellbeing to the Tolnes Community Developmenl Society (TCDS} in 2014. The
Trustees accept that the loan may now be irrecoverable. However. they maintain their support for TCDS'S
Atmos proposal and hope that, should it go ahead. the loan will be repaid.
14 Creditors: amounts falling due wlthln one year
2025
2024
Trade creditors
Other creditors
Accruals and deferred income
2,138
877
49,840
935
2,349
48,519
52.855
51,803
Accruals and deferred income includes deferred rental income of £41,021 (2024- £40,804) and deferred
course income of £nil {2024.' £1,500) with an decrease in the year of £1,283.
15 Retirement benefit schemes
2025
2024
Defined contribution schemes
Charge to profil or loss in respect of defined contribution schemes
2,288
2,206
The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the Charity in an independently administered fund.
17-

NETWORK OF WELLBEING
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED>
FOR THE YEAR ENDED 31 MARCH 2025
16 Restricted funds
The income funds of the Charity include restricted funds comprising the following unexpended balances of
donations and grants held on trust for specific purposes..
At 1 April
2024
Incomlng
resources
Rèsources
expended
Transfers At 31 March
2025
Wellbeing Project
Green Books Ltd funders
Share Shed
Eden Rise- Solar panels
27,071
3.200
10,673
70,000
(87,096)
{1,0001
(38,694)
9,975
2,200
18,067
46,088
10,000
(10,000)
40,944
126,088
(126.790)
(10,000)
30,242
Previous year.
At 1 April
2023
Incoming
resources
Resources
expended
Transfers At 31 March
2024
Wellbeing Project
ATMOS funding
Green Books Ltd funders
Share Shed
32,681
50.000
5,200
30.498
71,500
(77,110)
(50.000}
{2.0001
(38.6831
27,071
3,200
10,673
18.858
118,379
90,358
(167.793)
40,944
The restricted income funds of the Charity arising Ihrough its activities are as follows:
Wellbeing Project To research and educate with the aim of improving the wellbeing of individuals.
communities and the environment.
ATMOS funding - To fund the development of the former Dairy Crest site in Totnes by Totnes Community
Development Society.
Green Books Ltd funders - To fund environmental research and education.
Share Shed and Mobile Share Shed- Funding re￿IVed to create a Share Shed, or Library of Things, whereby
members of the community can borrow, for a fee, tools and other equipment they might otherwise have to buy.
Funding indudes amounts received to create a travelling library of things that are stored in the Sharemobile,
which is a converted van. The cost of the Sharemobile has been capitalised and is included within fixed
assets. This cost is being charged in the Statement of Financial Activities over the useful economiG life of the
Sharemobile and expensed as depreciation.
Eden Rise solar panels- For the purchase of energy saving solar panels.
Sufficient resources are held in an appropriate format to enable each fund to be applied in accordance with
any restrictions.
A transfer of £10.000 from restricted funds to unrestricted funds arose in the year following the purchase of
assets financed by a grant, as the obligation under the grant had been settled and the assets were available
for the general purposes of the charity.
18-

NETWORK OF WELLBEING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
17 Analysis of nèt assets between funds
Unrestricted
funds
2025
Restricted
funds
2025
Total
2025
At 31 March 2025:
Tangible assels
Current assetsl(liabilities)
52,772
12,639
1.815
28,427
54,587
41,066
65,411
30.242
95,653
Unrestricted
tunds
2024
Restricted
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
Current assetsllliabilities}
18,100
36,169
11,165
29,779
29,265
65,948
54,269
40.944
95,213
19-

i

NETWORK OF WELLBEING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
19 Related party transactions
Grants of £70,000 (2024.. £70,000) were received in the year from the Brownswood Trust of which Mr Nigel
Woodward and Mrs Margaret Woodward are also Trustees. A donation of £1,000 was also received in the
previous year from Mr Woodward.
21