OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-03-31-accounts

Charity registration number 1015436 (England and Wales)

THE PROJECT

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

THE PROJECT

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Senior management

Mr Paul Mason Mr Philip Osborn Mrs Lucy Loveless Ms Catherine Groom

Carrie Sage

(Appointed 6 May 2025)

Interim Chief Executive

Charity number (England and Wales) 1015436 Principal address The Depot Belton Grove Longbridge Birmingham B45 9PE

Independent examiner

CK Accounting Services No 4 Castle Court 2 Castlegate Way Dudley West Midlands DY1 4RH

THE PROJECT

CONTENTS

Page
Trustees' report 1 - 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 18

THE PROJECT

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".

Public benefit

South Birmingham Young Homeless Project (The Project) was founded in 1991 in order to provide a range of services to the target group in an area where previously none had been available. It is an independent advice, information and resource centre located in Longbridge, South West Birmingham which is 8 miles outside Birmingham City Centre with good access by public transport. The Project seeks to provide an innovative and integrated approach to meeting the needs of socially excluded and isolated groups of people within the local community particularly young homeless people, families on low incomes, people over the age of 50, people with disabilities and long term conditions including mental health challenges. The Project continues to provide homeless prevention services alongside financial inclusion services which ensure that citizens are maximising income that they are entitled to through benefits and managing debts.

The Project is one of 9 Advice Quality Standard accredited organisations in Birmingham providing access to a wide range of quality assured advice, information and related support services. All advice and support is given free at the point of contact. The Project provides advice and case work relating to housing, welfare rights, debt and money advice and is the only charity to deliver both advice and casework in the local area.

The Project adds value to existing and other initiatives that are taking place in the area, and supports increased equality of opportunity for individuals who encounter structural oppression and face social injustice when trying to access services.

We recognise that there are no easy solutions to overcoming the difficulties that many individuals face such as longterm unemployment, debt, barriers to educational achievement, poor housing, limited access to good quality advice and information services and the inevitable cycle of benefit dependency. The Project is concerned that the social exclusion many people experience is reinforced by placing them in environments which are de-motivating, isolating and provide limited, if any, access to the services they require.

The Project has a Board of Trustees and the operational team in the year under review consisted of a Chief Executive, an Office Co-Ordinator, a Housing and Wellbeing Practitioner, a Financial Inclusion Manager and Welfare Benefits Advisors.

THE PROJECT

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Risk Management

All staff are subject to an enhanced Disclosure and Barring Service (DBS) check, and similar checks are made for volunteers and others where appropriate.

The Project conducts an annual risk assessment that seeks to clarify the level of known financial liability carried by the organisation, in order that other policy and organisation actions (including internal control procedures) may be instigated.

The risk assessment requires detailed examination of the organisation's financial liabilities in relation to:

Policies and procedures are reviewed annually and any alterations are made if deemed necessary. The annual risk assessment is the responsibility of Manager, Chair, Treasurer and where appropriate by the organisation's Accountants.

Objectives and activities

The Project is an unincorporated association and registered charity.

Its objects are to improve the lives and to relieve the needs of:

The Project operates primarily in South Birmingham and the West Midlands by providing information, advice and guidance relating to need and in particular to housing, welfare benefits, debt and income maximisation.

In response to need, The Project has expanded its geographical reach in South Birmingham and has evolved its services and support to provide a holistic, wrap around service to support the frequently complex needs of the individuals it serves.

Volunteers and Pro-Bono work

The Project welcomes support from all who are willing to donate their time and expertise in support of our work.

THE PROJECT

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance

Chairperson report

I would firstly like to extend my ongoing continued thanks to the team and Trustees at The Project for their unwavering commitment and dedication to our communities.

We acknowledge with gratitude every organisation who has supported The Project in the year under review with the funding that is essential to our work: Birmingham City Council, Birmingham Voluntary Service Council, Trussell Trust, Birmingham and Solihull Integrated Care Board and others.

The environment for fundraising remains extremely challenging. Against a backdrop of increasing need in our communities, particularly arising from the housing and homelessness crisis in Birmingham, we remain especially grateful for the confidence this financial support shows in The Project and our work.

We provided services in Redditch and the wider south and southeast Birmingham area, and beyond in Warwick and Sutton Coldfield.

Unlike other organisations, The Project aims to provide a holistic, wrap around support service which addresses the frequently complex combination of needs of individuals referred for support. Services we provide cover financial inclusion, welfare benefit advice, housing advice, debt advice and casework. Over 1000 individuals were helped this year, and we achieved an overall financial gain of over £3m for our clients.

Through our membership of the B:CAN Prevent and Communities project this year we are now additionally working to address mental health needs across Birmingham. We are both lead co-ordinator and a service provider within a new partnership of Karis Neighbour Scheme, Witton Lodge Community Association, Ashiana Community Project and Small Heath Community Forum. Initial outcomes suggest this collaboration will deliver meaningful improvements to poor mental health within our communities.

We maintained our focus on partnership and collaborative working this year, recognising the value of this to shaping strategy across our city and to remaining adaptable and responsive to the needs of our communities. We are regularly present at strategic meetings within Birmingham such as Birmingham Financial Inclusion Partnership, Homeless Forum and South Birmingham Advice Provider Forum.

The Project successfully renewed its AQS Accreditation for 8 areas of advice and casework during the year. We also maintained our Financial Conduct Authority Registration and membership of agencies such as Advice UK.

Funding from the Trussell Trust supported the recruitment of a specialist Money Advice Caseworker at Redditch Foodbank, a second Foodbank at which we now provide specialist support to individuals in need.

A Housing and Wellbeing Practitioner joined the team, adding an additional resource for outreach work across all of our services. Two members of the team moved on to new opportunities – our thanks for their work and commitment to The Project go with them.

We were also grateful for specialist fundraising advice and bid writing support from consultant Catherine Groom during the year. Catherine subsequently agreed to become a trustee and we were delighted to welcome her to The Project Board in May.

A generous award from Birmingham City Council via the Shared Prosperity grant fund allowed us to make much needed repairs to our office and to make the interior more welcoming for clients. Building contractor EH Smith also generously provided materials to improve outside areas and to improve access for clients with disabilities. Local groups joined us to celebrate the completion of these works at a ‘Spring Lights’ event in March.

We are excited for the year ahead and believe that The Project will continue to deliver vital services in housing and

welfare benefits advice to our communities.

THE PROJECT

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Reserves policy

Unrestricted funds are used by the charity to support the operational expenses of The Project and the charity endeavors to carry forward sufficient reserves to provide the ongoing working capital it requires.

Restricted funds are used for the purpose for which they were granted, and surplus funds accruing in any financial period are generally carried forward to the next, again for application towards the purposes for which they were granted. Unspent balances may be returned if there is a contractual obligation to do so. All monies are held in a deposit account until required.

Any credit balances to restricted funds after costs are fully allocated and the service output and reporting required by the grant is satisfied in full are carried forward against the relevant grant for a period of two years, after which they are considered to be surplus, and if agreed with the grantor, the balance will be transferred to unrestricted funds.

Financial review

As a charity The Project relies entirely on grant income and donations to fund its work.

In the year under review, grant income remained at a level consistent with the previous year.

Where possible and subject to grant conditions and our restricted reserves policy, The Project endeavors to build surpluses to support future operations. In this year, reserves have been utilised to support cash flow and the intention will be to replace these funds in 2025/2026.

The statement of Financial Activities for the year is set out in the financial statements.

The future funding of the charity is not guaranteed and the Trustees are continually working with the CEO to ensure that new and additional sources of appropriate grant funding are identified. The trustees are satisfied that the charity is adequately financed for the next financial year.

Structure, governance and management

The trustees who served during the year were: Mr Paul Mason Mr Philip Osborn Mrs Lucy Loveless Mrs Anna Young (Resigned 31 March 2025) Mrs Kathryn Stanczyszyn (Resigned 1 April 2025) Ms Catherine Groom (Appointed 6 May 2025)

South Birmingham Young Homeless Project (The Project) is a registered charity that was set up in January 1992 and it is governed by a Constitution.

All trustees give their time voluntarily and receive no benefits from the charity.

THE PROJECT

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Statement of trustees responsibilities

In accordance with applicable law and regulations the trustees are required to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the organisation and of the surplus or deficit of the organisation for that period. In preparing those financial statements, the trustees are required to:

The trustees have overall responsibility for ensuring that the organisation has appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the organisation and enable them to ensure that the financial statements comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Reporting Accountants

The board resolved to reappoint CK Accounting Services as independent examiner of the charity for the year under review.

The trustees' report was approved by the Board of Trustees.

Mr Paul Mason

Chairperson, Board of Trustees

14 January 2026

THE PROJECT

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PROJECT

I report to the trustees on my examination of the financial statements of The Project (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

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 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

I have completed my examination. 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:

I have no concerns and have come across no other matters in connection with 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.

Mrs A E Boulter ACA ICAEW CK Accounting Services

No 4 Castle Court 2 Castlegate Way Dudley West Midlands DY1 4RH

Dated: 14 January 2026

THE PROJECT

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
2
4,225
332,198
Charitable activities
3
-
-
Investments
4
9,362
-
Total income
13,587
332,198
Expenditure on:
Charitable activities
5
23,372
253,563
Total expenditure
23,372
253,563
Net income/(expenditure) and
movement in funds
(9,785)
78,635
Reconciliation of funds:
Fund balances at 1 April 2024
37,305
101,741
Fund balances at 31 March
2025
27,520
180,376		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
336,423
5,542
335,439
-
6,000
-
9,362
1,513
-
345,785
13,055
335,439
276,935
2,575
240,822
276,935
2,575
240,822
68,850
10,480
94,617
139,046
26,825
7,124
207,896
37,305
101,741		 Total
2024
£
340,981
6,000
1,513
348,494
243,397
243,397
105,097
33,949
139,046

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

THE PROJECT

BALANCE SHEET

AS AT 31 MARCH 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 11 15 18
Current assets
Debtors 12 8,921 22,801
Cash at bank and in hand 328,879 180,723
337,800 203,524
Creditors: amounts falling due within 13
one year (129,919) (64,496)
Net current assets 207,881 139,028
Total assets less current liabilities 207,896 139,046
The funds of the charity
Restricted income funds 14 180,376 101,741
Unrestricted funds 15 27,520 37,305
207,896 139,046

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements were approved by the trustees on 14 January 2026

Mr Paul Mason Chairperson, Board of Trustees

THE PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

The project is a charity (No. 1015436) and is governed by a trust deed approved by The Charity Commission.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". 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 not to prepare a statement of cash flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency 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. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

THE PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

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:

Plant and equipment 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 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 indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 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 maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction 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 interest. Financial assets classified as receivable within one year are not amortised.

THE PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans 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. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts 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 creditors are recognised initially at transaction price and subsequently measured at amortised 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.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations and gifts
4,225
2,048
Grants
-
330,150
4,225
332,198
Donations and gifts
Other
4,225
2,048
4,225
2,048		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
6,273
5,542
-
330,150
-
335,439
336,423
5,542
335,439
6,273
5,542
-
6,273
5,542
-		 Total
2024
£
5,542
335,439
340,981
5,542
5,542

THE PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

2
Income from donations and legacies
Unrestricted
Restricted
funds
funds
2025
2025
£
£
Grants
Crisis including Norton
-
750
Birmingham & Solihull
CCG
-
55,092
Reaching communities
fund
-
-
NCP Prevention and
communities
-
-
Warwick District
Foodbank
-
26,453
B30 Foodbank Grant
-
43,824
B:CAN Prevention &
Communities
-
72,733
Shelter
-
-
Landaid
-
-
Redditch Foodbank
-
29,959
Warm Welcome Grant
-
-
Bournville Village Trust
-
-
Selly Oak NHS
-
-
Homelessness Funding:
Spring HA
-
6,673
NNS Northfield Small
Grant
-
500
Future Proof Project
-
6,419
Shared Prosperity
-
45,149
Heart of England - With
NCP
-
17,502
Heart of England
-
15,117
Shared Prosperity -
Capital Works
-
9,000
NACVA Centres for
Warmth Programmes
-
979
General Restricted
Grants
-
2,048
-
332,198		 Total
Unrestricted
Restricted
Total
funds
funds
2025
2024
2024
2024
£
£
£
£
(Continued)
750
-
4,000
4,000
55,092
-
70,422
70,422
-
-
25,004
25,004
-
-
76,984
76,984
26,453
-
26,213
26,213
43,824
-
43,824
43,824
72,733
-
36,867
36,867
-
-
19,625
19,625
-
-
12,000
12,000
29,959
-
-
-
-
-
3,000
3,000
-
-
10,000
10,000
-
-
7,500
7,500
6,673
-
-
-
500
-
-
-
6,419
-
-
-
45,149
-
-
-
17,502
-
-
-
15,117
-
-
-
9,000
-
-
-
979
-
-
-
2,048
-
-
-
332,198
-
335,439
335,439		 Total
Unrestricted
Restricted
Total
funds
funds
2025
2024
2024
2024
£
£
£
£
(Continued)
750
-
4,000
4,000
55,092
-
70,422
70,422
-
-
25,004
25,004
-
-
76,984
76,984
26,453
-
26,213
26,213
43,824
-
43,824
43,824
72,733
-
36,867
36,867
-
-
19,625
19,625
-
-
12,000
12,000
29,959
-
-
-
-
-
3,000
3,000
-
-
10,000
10,000
-
-
7,500
7,500
6,673
-
-
-
500
-
-
-
6,419
-
-
-
45,149
-
-
-
17,502
-
-
-
15,117
-
-
-
9,000
-
-
-
979
-
-
-
2,048
-
-
-
332,198
-
335,439
335,439
335,439

THE PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

3 Income from charitable activities

Other sales
Other income
Income from investments
Other income
Expenditure on charitable activities
Unrestricted
fund
Restricted
fund
2025
2025
£
£
Direct costs
Staff costs
-
187,593
Grants
640
4,705
640
192,298
Share of support and governance costs (see note 6)
Support
16,373
63,034
Governance
3,123
1,467
19,496
64,501
Analysis by fund
Unrestricted funds
20,136
3,236
Restricted funds
-
253,563
20,136
256,799		 Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
-
6,000
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
9,362
1,513
Total
Unrestricted
fund
Restricted
fund
Total
2025
2024
2024
2024
£
£
£
£
187,593
-
184,168
184,168
5,345
-
4,937
4,937
192,938
-
189,105
189,105
79,407
2,570
50,277
52,847
4,590
5
1,440
1,445
83,997
2,575
51,717
54,292
23,372
2,575
-
2,575
253,563
-
240,822
240,822
276,935
2,575
240,822
243,397		 Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
-
6,000
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
9,362
1,513
Total
Unrestricted
fund
Restricted
fund
Total
2025
2024
2024
2024
£
£
£
£
187,593
-
184,168
184,168
5,345
-
4,937
4,937
192,938
-
189,105
189,105
79,407
2,570
50,277
52,847
4,590
5
1,440
1,445
83,997
2,575
51,717
54,292
23,372
2,575
-
2,575
253,563
-
240,822
240,822
276,935
2,575
240,822
243,397
Total
2024
£
184,168
4,937
189,105
52,847
1,445
54,292
2,575
240,822
243,397

4 Income from investments

5 Expenditure on charitable activities

THE PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

6 Support costs allocated to activities

Unrestricted
fund
Restricted
fund
2025
2025
£
£
Staff costs
-
13,206
Premises / Rent
-
6,196
Associated costs
310
3,686
Training Staff
-
1,910
Communications
983
11,707
Insurance
1,048
1,350
Petty Cash Transfers
-
-
Bank charges
153
-
Equipment
278
3,419
Printing, postage and stationery
-
2,449
Professional fees
11,041
3,711
Maintenance
2,076
11,690
Recruitment
-
450
Other
246
-
Subs & pubs
237
3,261
Governance
3,123
1,467
19,496
64,501
Governance costs comprise:
Staff costs
Depreciation
Accountancy
7
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets		 Total
2025
£
13,206
6,196
3,997
1,910
12,689
2,398
-
153
3,697
2,449
14,752
13,766
450
246
3,498
4,590
83,997
2025
£
1,467
3
3,120
4,590
2025
£
3		 Total
2024
£
12,965
6,878
1,597
1,520
11,794
3,365
1,620
124
1,179
2,120
6,614
1,197
755
-
1,119
1,445
54,292
2024
£
1,440
5
-
1,445
2024
£
5

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

THE PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

9 Employees

The average monthly number of employees during the year was:

Administration
Employment costs
Wages and salaries		 2025
Number
7
2025
£
202,266		 2024
Number
5
2024
£
198,573

There were no employees whose annual remuneration was more than £60,000.

10 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

11 Tangible fixed assets

Cost
At 1 April 2024
At 31 March 2025
Depreciation and impairment
At 1 April 2024
Depreciation charged in the year
At 31 March 2025
Carrying amount
At 31 March 2025
At 31 March 2024
12
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors		 Plant and
equipment
£
10,881
10,881
10,863
3
10,866
15
18
2025
2024
£
£
7,942
22,801
979
-
8,921
22,801		 Plant and
equipment
£
10,881
10,881
10,863
3
10,866
15
18
2025
2024
£
£
7,942
22,801
979
-
8,921
22,801
10,881
10,863
3
10,866
15
18
2024
£
22,801
-
22,801

THE PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

13 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2025
£
4,030
50
113,985
11,854
129,919		 2024
£
4,833
9,705
-
49,958
64,496

Included within other creditors is an amount of £113,314 which relates to underspends on restricted funds. These balances represent grant funding received for specific purposes where expenditure has been lower than anticipated. In accordance with the terms of the respective funding agreements, these amounts may be repayable to the grantor. The charity is in the process of reviewing these balances with funders to confirm whether any repayment will be required.

14 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April Incoming Resources Transfers At 31 March
2024 resources expended 2025
£ £ £ £ £
Crisis including Norton 6,187 750 (696) - 6,241
Birmingham & Solihull CCG - 55,092 (55,092) - -
Warwick District Foodbank - 26,453 (23,703) - 2,750
B30 Foodbank Grant - 43,824 (18,008) - 25,816
B:CAN Prevention &
Communities - 72,733 (12,259) - 60,474
Shelter - - (1,961) 1,961 -
Landaid - - (12,000) 12,000 -
Redditch Foodbank - 29,959 (28,014) - 1,945
Homelessness Funding: Spring
HA - 6,673 (6,222) - 451
NNS Northfield Small Grant - 500 (383) - 117
Future Proof Project - 6,419 (6,419) - -
Shared Prosperity - 45,149 (45,149) - -
Heart of England - With NCP - 17,502 (17,502) - -
Heart of England - 15,117 (15,117) - -
Shared Prosperity - Capital
Works - 9,000 (8,990) - 10
NACVA Centres for Warmth
Programmes - 979 - - 979
General Restricted Reserve 95,554 2,048 (2,048) (13,961) 81,593
101,741 332,198 (253,563) - 180,376

THE PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

14 Restricted funds (Continued)
Previous year: At 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
Crisis including Norton 7,124 4,000 (4,937) - 6,187
Birmingham & Solihull CCG - 70,422 (70,422) - -
Reaching Communities Fund - 25,004 (25,004) - -
Warwick District Foodbank - 26,214 (26,214) - -
B30 Foodbank Grant - 43,824 (43,824) - -
B:CAN Prevention &
Communities - 36,867 (36,867) - -
Shelter - 19,624 (19,624) - -
Landaid - 12,000 (12,000) - -
Warm Welcome Grant - 3,000 (3,000) - -
Bournville Village Trust - 10,000 (10,000) - -
Selly Oak NHS - 7,500 (7,500) - -
Future Proof Project - 49,197 (49,197) - -
Shared Prosperity - 27,787 (27,787) - -
General Restricted Reserve - - 95,554 - 95,554
7,124 335,439 (240,822) - 101,741

15 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April Incoming Resources At 31 March
2024 resources expended 2025
£ £ £ £
General funds 37,305 13,587 (23,372) 27,520
Previous year: At 1 April Incoming Resources At 31 March
2023 resources expended 2024
£ £ £ £
General funds 26,825 13,055 (2,575) 37,305

THE PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

16 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2025
2025
£
£
At 31 March 2025:
Tangible assets
15
-
Current assets/(liabilities)
27,505
180,376
27,520
180,376
Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 31 March 2024:
Tangible assets
18
-
Current assets/(liabilities)
37,287
101,741
37,305
101,741		 Total
2025
£
15
207,881
207,896
Total
2024
£
18
139,028
139,046

17 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).