Registration number: 07755941

Article 36

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 6

Article 36

Company Information

Directors

Mr Jonathan Fell Mr Richard Lloyd Dr Patrick Walker Ms Rosamund Cave

Company secretary

Mr Richard Moyes

Registered office

19 Barnardo Road Exeter Devon EX2 4ND

Bankers

The Co-operative Bank Plc

Accountants

Thompson Jenner LLP Chartered Accountants 1 Colleton Crescent Exeter Devon EX2 4DG

Article 36

(Registration number: 07755941)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	8,437	6,117
Current assets
Debtors	6	71,593	22,698
Cash at bank and in hand		448,928	325,015
		520,521	347,713
Creditors: Amounts falling due within one year	7	(196,419)	(108,518)
Net current assets		324,102	239,195
Total assets less current liabilities		332,539	245,312
Provisions for liabilities		(2,971)	(2,392)
Net assets		329,568	242,920
Capital and reserves
Income and expenditure surplus		329,568	242,920

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income and Expenditure account.

Approved and authorised by the Board on 16 September 2025 and signed on its behalf by:
 

......................................... Mr Jonathan Fell Director

Article 36

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by guarantee incorporated in the United Kingdom.

The address of its registered office is:
19 Barnardo Road
Exeter
Devon
EX2 4ND

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Income

Income represents amounts chargeable in respect of activities undertaken under grants and other services provided.

Expenditure against grant income from the Joseph Rowntree Charitable Trust is restricted to specific
agreed activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in surplus or deficit, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Article 36

Notes to the Financial Statements for the Year Ended 31 December 2024

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable surplus.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Article 36

Notes to the Financial Statements for the Year Ended 31 December 2024

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2023 - 10).

4	Surplus/deficit before tax

Arrived at after charging/(crediting)

	2024 £	2023 £
Depreciation expense	3,896	3,831

5	Tangible assets

	Office equipment  £	Total £
Cost or valuation
At 1 January 2024	16,597	16,597
Additions	6,216	6,216
At 31 December 2024	22,813	22,813
Depreciation
At 1 January 2024	10,480	10,480
Charge for the year	3,896	3,896
At 31 December 2024	14,376	14,376
Carrying amount
At 31 December 2024	8,437	8,437
At 31 December 2023	6,117	6,117

6

Debtors

	2024 £	2023 £
Other debtors	6,672	5,164
Prepayments and accrued income	64,921	17,534
Total current trade and other debtors	71,593	22,698

Article 36

Notes to the Financial Statements for the Year Ended 31 December 2024

7

Creditors

	Note	2024 £	2023 £
Due within one year
Trade creditors		14,543	25,977
Taxation and social security		29,255	12,156
Other creditors		5,519	4,534
Accrued expenses		6,918	12,395
Deferred income		140,184	53,456
		196,419	108,518