REGISTERED COMPANY NUMBER: 02790390 (England and Wales) REGISTERED CHARITY NUMBER: 1027978 REPORT OF THE TRUSTEES AND FINANC AL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2 CHRIST ION AND ENTERPR
CHRISTIAN ACTION AND RESOURCE ENTERPRISE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Pag• Report of the Trustees 1 to 10 Report of the Independent Audltors 11 to 13 ststement of Flnanclal Actlvltles 14 Balance Sheat 15 Ca•h Flow Statement 16 Notes to the Ca•h Flow Statement 17 Notes to the Flnanclal Statèmonts 18 to 28
CHRISTIAN ACTION AND RESOURCE ENTERPRI REGISTERED N MBER: 02790390 REPORT OF THE TRU TEES FOR THE YEAR ENDED 1 MARCH 2 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report wth the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectlves and alm8 The principal activity of the company in the year under review was that of relieving poverty, hardship and distress in Grimsby, Cleethorpes, Immingham and the surrounding areas in North East Lincolnshire. This aligns wth the charity's objects as set out in ils governin9 document, which include the prev8ntion or relief of povety and the advancement of community welfare. Publlc beneflt The trustees confirm they have complied th their duty to have due regard to the Charity Commission's guidance on public ben6fi1 en carrying out their 8cliwties. CARE'S work furthers our charitable objects by providing supported housing, food assistance, and practical help to those experiencing povety, hardship, or homelessness. These activities bnng clear. me8surable benefits lo individuals and families across North East Lincolnshire. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit and complied wth section 17(51 of the 2011 Charities Act reviewing our aims and objectives and in planning our future activitses Page 1
CHRISTIAN ACTI RESOURCE ENTERPRI GISTERED NUMBER: 27 90 REPORT OF THE TRUSTEES R THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENTS AND PERFORMANCE Charltable activities The results for the year and the financial position of the company are shown in the annexed accoLtnt8. A summary of the results for the year is given wtthin the accounts. In 2024125 CARE supported more than 2,000 people across North East Lincolnshire through housing, food assistance, and practical help. We provided new supported accommodation for 43 individuals across 21 tenancies, helped maintain a further 131 tenancies, and offered one-to-one support to ov&r 100 people through Open House. Our drop-ins assisted more than 1,500 people with housing adwce, benefits support, and crisis help, lIe over 2,000 people received essentials such as food, gas, electricity, clothing, and fumiture. To sustain this work, we continued operating under the Intenslve Housing Management model, which enables CARE to qualify for Enhanced Housing Benefit. This additional income h8S Strengthened our financial resilience and allowed us to keep delivedng intensive housing support to those who need it most. Comments and Storle8 All quotes are from clients supported by CARE during 2024125. Names have beèn changed for anonymity. "I was at my lowest. CARE gave me someone to talk to and helped me feel like things could change." Male survivor supported through Open House and mental health referrals "I didn't even know what help was out there. They helped me feel like I could cope again." Open House client supported through council tax advocacy and mental health support "They listened and didn't iudge. That meant more than I can say." - Domestic abuse suNvor supported by CARE Laura'8 Story Name changed for anonymity. Laura was living in a damp, mouldy flat that was affecting both hèr and her young son's health. The heating didn't work properly, the roof leaked, and the landlord had refijsed to carry out essential repairs. Laura felt constantty anxious, worried about her son's chest infections, falling further into debt, and trying to keep going on very little sleep. When she was referred to CARE, she wasn't sure what to expect. Bul she met regularly with her Housing Support Worker David, helped her apply for more suitable housing, supported her to challenge her existing 18ndlord, and stayed in touch through every step of the move. CARE hèlped Laura secure a clean, wam home. Her support worker also conne¢ted her wth a debt advisor and provided emergency essentials to help her settle in. Laura said.. '1 finally feel like I can breathe again. My son's doing better. and so am l. I was in 8 really dark place before CARE stepped in. They helped me in ways I didn't know I needed." Danlo1'8 Story Name changed for anonymity. Daniel first visited CARE'S Open House after a family member encouraged him to seek supporL He was living with multiple physical and mental health conditions, and recent incidents in two local supermarkets had left him banned from both. This made shopping localty impossible and seriously impacted his wellbeing. Daniel arrived at CARE feeling isolated 8nd unsure how to challenge the situation. Over thirteen weeks. CARE supported him to advocate for himself. Letters were written citing disability law, phone calls were made to store managers, and a phased re-entry plan was proposed. CARE staff a¢¢ompanied Daniel on supetmsed shopping visits, gradually rebuilding his confidence. Eventually. the ban at one supermarket was lifted - 8nd Daniel is now shopping independently again. CARE also helped him manage Wi-Fi issues, complete his PIP assessment, and access emotional support. Daniel now feels more in control and says he no longer needs regular support Roece'$ Story Page 2
CHRISTIAN ACTI NANDRE PR SE REGISTERED NUMBER: 2790390 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 1 MARCH 2025 Name changed for anonymty. When Reece first ¢2me to CARE, he was sleeping in his car wth no stable housing or work. Staff supported him to complete a housing application, linked him wth other services, and provided food support over the Christmas period. Within a few weeks he was offered a place in one of CARE'S shared houses and reGeived his keys. Having secure accommodation gave him the chanGe to rest, recover, and start planning ahead. He shared.. "Honestly. I cannot thank you all at CARE enough, the support I have received from you all has genuinely made m8 feél so valued as a person at such a rubbish lime in my life. Thank you so so much." Ouryear In Flgure8 331 people approached CARE for housing help. 21 newtenancies were CTeated, housing 43 people. 131 people were supported to maintain Iheir tenancies. 4.294 local people housed since CARE'S founding 1,792 people provided with food assistance 1,088 children received brand new toys for the Christmas Toys for Joy initiakn've Supported 107 people intensively through open house Assisted 1,541 people at our open house drop ins Provided 2,014 people ¥Mth essentials like food, gas, electricity, clothing and furniture totalling £56,240.85 in contribution5. Benefited from 8,682 volunteer hours represènting an equivalent of £99,339.68 in salary support CARE Hou•lng During 2024125, 331 people approached CARE for housing help. Of these, 43 people were housed across 21 new tenancies, and a further 131 people were supported to maintain their existing tenancles. The people we house often face multiple and complex challenges, including domestic abuse, substance misuse, trauma, care leaver transitions, and poor mèntal health. Having a safe and stable home enables them to begin addressing these issues, supported by experienced staff wark one-ttronè to build resilience and regain independence. When individuals are ready, we help them take the next step into longer-term or more independent housing, ensuring that supported homes remain available for others in urgent need. By the end of March 2025, CARE Housing was managing over 60 active tenancies in partnership wth 36 private landlords, including the 21 new homes created during the year. Interest from new landlords and investors continues to grow, reflecting confidence in our approach and our track record in tenancy management and support. In addition, we manage seven flats above the CARE Shop, 1¢h provide safe and stable homes for people who have experienced homelessness. Page 3
CHRI TIAN ACT AN RC ENTERPRI REGI TERED N MBER: 27 0390 REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENTS AND PERFORMANCE Open House and Communlty Support Our dropin service, Open House, continues to offer 8 Wtal frontline response for individuals and families seeking housing advice, benefit support, and help navigating complex systems. Based at 18 Hainton Avenue, Grimsby, it is open every Tuesday to Thursday, from 12-2 PM. People attend for many reasons, from faang eviction or struggling wth debt, to seeking disability support, mentsl health guidance, or simply needing a listening ear. In 2024125, we assisted 1,541 people through Open House and supported 107 of them intensively wth ongoing, personalised support. Our team provided help with benefit applications, homelessness referrals. debt queries, and supported people to stabilise their housing. finanS, and wellbeing. CARE also provided emergency essentials, including food, gas, electricity, dothing, and fumiture, to 2,014 people, totalling £56,240.85 in direct contributions. This included both prartical items and finanual help delivered at critical moments, largely through Open House. These services reflect CARE'S commitment to making support immediate, relational, and accessible for those need it most. CARE Shop CARE'S charity shop continues to be a practical and welcoming extension of our work. As well as offering affordable goods lo the community, it provides essential furniture and dothing for people in need free of charge. An important part of this is our furniture recycling seNice, which collects, restores. and redistributes donated items. This means people moving into a new home wth nothing, or those In urgent need of basics such as beds, tables, or wam dothing. can be equipped quickly and at no cost. The shop 81so offers 8 Stepping Stone into volunteering and community life. Some of the individuals we support begin volunteering h6r6 to build ¢onfidence, structure, and connection, often after periods of isolation or poor mental health. One client previously couldn't leave their home due to anxiety is now volunteering 1Ge a week and actively reconnecti'ng wth others. Chrl8tm•• Support, Toy• for Joy As part of our commitment to supporting families facing hardship, CARE once again ran its annual Toys for Joy initiative during th8 Christmas season. This campaign offers practical, thoughtful support during what can b& a deeply stressful time for families 8lready experiencing financial strain. Thanks lo the generosity of local churches, businesses, schools, supermarkets, agencies, and individuals, we were able to provide brand-new Christmas presents to 1,088 children across North East Lincolnshire1985 in Grimsby and 123 in Imminghaml. Donations included bolh toys and cash, allowng us to respond flexibly to gaps in supply. Many parents shared that receiving these gifts brought significant relief at a difficult time and allowed them to give their children a Christmas they othewse couldn't have managed. For sorne families. it prevented the need lo take out high-interesl doorstep108ns or go without essentials. We are deeply grateful to every individual and organisation who made this possible. Stsff & Volunteer8 In 2024125, CARE sustained an average of 13.3 full-time equivalent salaries. Staff are supported in their roles through regular one-towones, team meetings, and reflective practice sessions. Our work is only possible because af the commitment and professionalism of the team and volunteers. Whether supporting people at Open House, delivering housing support, preparing food bags, or running the charity shop, every contribution helps create 8 respecfful and practical culture. This year, volunteers gave 8,682 hours, equal to £99,339.68 in salary value. Their time made a tangible difference across CARE, from sorting donations and preparing furniture referrals to helping in the shop and a5SlSting with tasks at the office. Some volunteers had previously received support from CARE themselves, and their decislon lo give back added something uniquely relational to the way we work. During the year, CARE also undertook restructuring in response to funding pressures. This included staff redundancies. We recognise the impact on those affected and remain grateful for the work they contributed. Premlses Page 4
HRISTIAN ACTI N AND RESOURCE ENTERPRISE REGI NUMBER: 02790390 REPORT OF THE TR STEES FOR THE YEAR ENDED 1 MARCH 202 ACHIEVEMENTS AND PERFORMANCE CARE operates across several sites to deliver its service$ and meet local neèd. Grimsby ArLess Point {18 Hainton Avenue) remains CARE'S main officè and is home to our Open House dropin seNce. It includes a small ccmrnunity room used for team meetings and client activities. While it continues to serve the community well, the building is limited in both space and accessibility- CARE Shop 14647 Alexandra Road, Cleethorpesl provides affordable items to the public and supports dients with refeffals for essent'al furniture and clothing. The flats above the shop, owned by CARE, generate much-needed rental income lo support our wder work. Immingham Access Point. based at Immingham Civic Hub, offered a dropin 8nd emergency food distribution servFce throughout the 2024125 financial year, providing practical support to individuals and families in hardship. After year end, responsibility for the premises and service was successfully handed over to One Voice, a local charity in Immingham, ensuring continued provision for the community. 8&88 Victoria Street, Grimsby.. Significant progress was made on the renovation of our new tovm centre site, followng a successful fundraising initiab've. The building wll become CARE'S main base, providing a warm and welcoming space ere people can access support, connect with others, and receive tailored help in a more acts8sibl8 and central location. Income CARE continu88 to operate as 8 not-for-profit chantable company. We aim to maintain financial sustainability through a combination of income streams, including.. Sales from the CARE Shop Rental income from properties owned by the charity Enhanced Housing Benefit - A 4°k propety management fee from landlords Charitable grants and statutory funding This approach enables us to deliver a joined-up service to pèople facing povety, housing need, and hardship across North East Lincolnshire. This year, income from trading and rental activity has helped to subsidise other areas of our work, particularly wh6re grant funding has been limited or has comé to an end. In addib'an to internally generated income, we have been extremely grateful to receive grant support from a number of funders. These grants have played 8 vitsl role in sustaining our work during a period of financial pressure across the voluntary sector. We continue to pursue funding opportunities that align with our values and that help us meet the growing need for support in our community. Fundralslng Standards CARE is committed to high standards in all fundraising activity. We do not engage in cold cg11ing or door-tfrdoor fundraising, and we comply wth relevant fundraising laws and regulations, including the Fundralsing Regulatols Code of Fundraising Practice. Where donations are made by the public. we ensure they are used for the purpose intended and are receipted and recorded in line wth our financial procedures. We received no complaints in relation to our fundraising activities during the year. Page 5
CHRI TIAN ACTI N AND RESOURCE ENTERPRISE REGISTERE BER: 027 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 1 MARCH 2025 FINANCIAL REVIEW Reserves policy CARE aims to maintain free reserves equivalent to been 250/0 and 50¥0 of annual expenditure, around three to slx months of operating costs. Thi5 buffer allows us to meet obligations and adapt to unforeseen circumstances without immediate disruption to semces. At 31 March 2025. fre8 resèrves stood at £53.43112024- £129,621) which were below this target range. During the year ended 31 March 2025, the charity's free reserves fell below the18vel set out in the resetves policy due to the tapering of a significant funding stream, which reduced substantially during the year and was not replaced. To ensure continuity of serwces while trustees reviewed the charity's financial position and future income, reserves were drawn upon. As funding continued to reduce. trustees implemented a restructuring to align the charity's cost base with it5 revised income levels. This in¢luded one-off costs associated wth staffing changes. Trustees monitored the reserves position closely throughout this period. Subsequent to the year end, the charity's financial position has since Strengthened, and free reserv8s ar8 being restored to a level in line Mth the reserves policy. The reserves policy continues to be reviewed annually to ensure it remains appropriate for CARE'S size, risk profile, and service commitments. with progress monitored at each Board meeting. Flnanelal Revlew At the end of the 2024125 financial year, CARE'S free reseNes were below the target range set by our reseNes policy. Please refer to the wording above regarding the steps being taken to closely monitor ,manage and incrèase the Charity's reserves. Page 6
Rl N ACTION AND RE RCE ENTERPRISE REGISTERED N MBER.. 02790390 REPORT OF THE TR TEES OR THE YEAR ENDED 31 MARCH 2 FUTURE PLANS Post Balance Sheet Acllvltie8 In Mey 2025, CARE introduced a new daily food bag scheme, replacing the fomier voucher system. Staff and volunteers now prepare food bags on site each morning for up to 20 people. Until July 2025, CARE also ran a food and support service in Immingham, providing housing advice, benefit support, and emergency food parcels to local residents. Following careful planning, this service was handed over to One Voice, a local Immingham charity wth strong community connections and volunteer involvement. CARE worked closely with Onè Voice to ensure a smooth transfer of assets, funding, and referral pathways, with no gap in provision for local people. This planned transition means Immingham residents continue to access food and first-contact support directly through One Voice, while CARE remains focused on housing support, tenancy sustainment, and its Open House services in Grimsby and Cleethorpes. Future Plan• The trustees remain committed to growng CARE'S reach and strengthening its support for people f8cing povety, homelessness, and hardship across North East Lincolnshire. The first phase of building works al 86,88 Victoria Street is scheduled for completion at the end of September 2025, wlh staff moving into the new premises from January 2026. Full completion is antlClP8ted in the latter part of 2026. Plans include Ihe creation of a community health and wellbeing hub, where multiple services can be delivered under one roof. With significantly more space than the current base, the building will allow services to b8 brought together, providing a warm, ac¢e5sible environment for pradical help, group support. and ctrlocation with partner agencies. These changes are expected to reduce duplication and make il easier for people lo access support. Once phase one is complete, CARE wll also introduce new CRM systèms to streamline processes, Improve coordination beteen services, end reduce paper use. These developments will support CARE'S environmental commitments by cutting waste and enabling more effioent working. The trustees 8150 pl8n to expand the support available through Open House. As the cost of livtng continues to affect more people, demand for food assistance, housing-related help, and other forms of support is expected to rise. The go81 is to respond quickly and relationally, meeting people al their point of need and offenng consistent, ioined-up support. Alongside this, CARE intends to contsnue developing its role as a prowder of supported housing, with plans lo increase the number of homes under management and provide greater stability for those facing housing insecurity. The trustees 8re also committed to securing longer-term funding for CARE'S housing and support 8ervices, reducing reliance on 5hort-term grants and protecting continuity of care. While the sector continue5 to f8ce significant challenges, the trustees remain focused on CARE delivering practical, Gompassionate support and building a future where everyone has a safe place to call home. Envlronmental Su8lalnablllty CARE recognises the ongoing impact of man-made climate change and the importance of reducin9 Its carbon footprint. n 2025,2026, CARE will introduce tsvo new Customer Relabonship Management ICRMI systems to replace paper-based housing, support, and administratr've records. This wll reduce printing, lower paper waste, cut storage needs, and make information more accessible to staff. The charity has also taken smaller steps in recent y6ars, such as joining the "Beat the Receipf, campaign to reduce unnecessary paper use in its shop. The charity's partiupation in the Ethical Property Found8tion Workshop senes has helped it identify cost-effective improvements that reduce energy use and emissions. As part of CARE'S new Ethical Property Plan, the Victoria Street premises will be designed for energy efficiency, wth an air source heat pump due to be installed during phase 2 of the building works. These actions align wth the government's Net Zero targets and fonn part of CARE'S wider commitment to operating sustainably. Page 7
CHRISTIAN ACTI NANDRE RCE ENTERPRI RE REDN MBER: 02790390 EPO TOFTHETR TEE FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The Charity is governed by it's Memor8ndum and Arts'cles of Association. As the company is limited by gvarantee, there were no beneficial interests in the company. Recrultment and appolntment of new trustees When appointing trusteesldirectors, the Board seeks to identify those m05t suitable to bring a balance of skills and strengths to the organisation. alongside sharing the same ethos. This includes professional expertise. lived experience. and local KnOedge, to ensure effective and values-led governance. Trustees are recruited to provide a wde range of perspectives 8nd are expected to demonstrate a strong commitment to CARE'S purpose and the people st serves. Organlsatlonal Structure The charity is managed by the oirectorsruSteeS who have ultimate control over the management and operations of the Charity, including the administration and management of the Charity's funds and assèts In the furtherance of its objects. The DirectorslTrustees accompanied by the Chief Executive meet regularly throughout the year and have responsibility of ensuring the day-tothday activities of the Charity are adequately achieved by the key stsff management and wder team. The trustees, when considering staff pay, take into account the skills, qualifications and experience of the employee, comparative remuneration levels paid in similar organisations for simi18r roles, recognising regional differences. Inductlon and tralnSng of new trustee8 On appointment, all TrusteeslDirectors undertake an indLJCtion to include an overwew of the Charity and breakdown of responsibilities. Rl8k management The trustees have a duty to identify and review the risks to 1c the chanty is exposed and to ensure Ihat appropriate controls are in place to provide reasonable assurance against fraud and error. A formal risk register 18 in place and is viewed at every board meeting. The trustees have examined the major strategic, business and operational risk5 that the charity faces. Principal risks include dependency on external fijnding, possible changes to government policy affecting Housing Benefit, and wder financial pressures in the voluntary sector. While these remain challenges, CARE has reduced its reliance on grant funding compared with the previous year through gr0h in housing benefit income and trading ath'vity. The reseNes policy also supports stability by setting a target rangè for free reserves, ensuring thè charity can adapt to unforeseen circumstances wthout disruption to seNces. The trustees also continue to monitor operational and compliance risks. Professional advice is in place from a speoalist health and safety company to support best practice in health and safety and employment regulations. Safeguardlng CARE has safe9U8rding policies and procedures in place for the protection of children, young people, and vulnerable adults. All staff and volunteers receive safeguarding training appropriate to their role, and the policy is reviewed annually. Safeguarding concerns are recorded, monitored, and addressed in line with statutory requirements and best practice. Oversight is provided by Ihe Bo8rd of Trustees, wth a designated Safeguarding Lead responsible for day-to4ay coordination. REFERENCE AND ADMINISTRATIVE DETAILS Regl8tered Company number 02790390 (England and Wales) Reglstered Charlty number 1027978 Reglstered office 47 Alexandra Road CLEETHORPES DN35 8LE Page 8
CHRISTIAN ACTION AND RE RCE ENTERPRISE RE TERED NUMBER: 027 390 REP RT F THE TRUSTEES FOR THE YEAR END ARCH 202 Trustees D. Jones (resigned 27.9.24) D. Robinson Mrs. R Brewin Mrs. S Taylor Rev L M Smith (resigned 18.9.25) G. A. White (appointed 27.9.241 {resigned 16.7.251 Rev. D. E. Court lappointed 25.7.25} Audltors Byrd Link Audit and Accountsncy Services Limited, Honeyboume Place Jessop Avenue Chellenham Gloucestershire GL50 3SH Bankers HSBC 55 Victoria St s Grimsby DN31 1 UX Senlor Management CEO- Anne Bickerslaffe EVENTS SINCE THE END OF THE YEAR Information relating to events since the end of the year 18 given in the notes to the financi81 statements. Page 9
CHRISTIAN ACTION AND RESOURCE ENTERPRISE REGISTERED NUMBER.. 02790390 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2 STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees (who are also directors of Christian Action and Resource Enterprise for the purposes of company lawl are responsible for preparing the Trustees, Annual Report (including the Strategic Report) and the financial ststements in accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practs'ce). Company law rèquires the trustèes to prepare financial ststements for each financial year. Undèr company law the trustees must not approve the finanaal statements unless they are satisfied thal they give a true and tsir view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to.. o select suitable accounting policies and then apply them consistently, o observe the methods and pnnciples in the charleS SORP 2019 IFRS 1021, o make judgements and èstimates that are reasonable and prudent., o state whether applicable UK Accounting Standards have been followed, subject lo any material departures disdosed and explained in the finanaal statements., o prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitsble company wll continue in operation.. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of Ihe charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitles. In so far as the trustees are aware.. o there is no relevant audit infomiation of lch the charitable company's 8uditor is unaware,. and o the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that inforrnation. The trustees are responsible for the maintenance and integrity of the corporate and finanoal information Included on the charitable companvs website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Approved by orderofthe board oftrustees on........-........................ and signed on its behalf by.. Mrs. R Brewin - Trustee Page 10
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CHRISTIAN ACTI D RESOURCE ENT RPRISE REGISTERED NUMBER: 027 390 Opinion We have audited the financial statements of Christian Action and Resource Enterprise (the 'charitable company,) for the year ended 31 March 2025 which comprise the statement of financial activities, balance sheet, cash flow statement and notes to the financial statements. including significant accounting policies. The finanoal reporting framework that has been applied in their preparation is applicable law and United Kingdom Ac¢ounting Standards, including Financial Reporting Standard 102 The Financial Reporbng Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements". o give a true and fair view of the state of the charitable company'5 affairs as 8t 31 March 2025, and of Its incoming resources and application of resources, including its income and expenditure, for the year then ended., o have been properly prepared in accordance wth United Kingdom Generally Accepted Accounting Practice., and o have been prepared in accordance with the requirements of the Companies Act 20C6. Bas18 lor oplnlon We conducted our audit in accordance wilh International Standards on Audiling (UK) IISAS IUKI) and applicable law. Our responsibilities under Ihose standards are further described in th& auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirem8nts that are relevant lo our audit of th& financial ststements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial statements, we have conduded that the trust88s' use of the going concem basis of accounting in Ihe pr8par8tion of the financial statements is appropriate. Based on the work we havè performed, we have not identified any material uncertalnties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least *e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees wth respect to going Concern are described in trte relevant sections of this report. Other Infomiatlon The other information comprises the information included in the trustees, annual report, other than the financi81 statements and OUT auditor's report thereon. The trustees are Tesponsible for the other infoTmation. OUT opinion on the financial statements does not cover the other information and. expt to the extent othetwse explicitly slated in our report. we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is malerially inconsistenl wth the financial ststements or our knoedge obtained in the course of the audit or otherwse appears to be materially misstated. If we identify such matenal inconsistencies or apparent material misstatements, we are required to determine ether this gives nse to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material rnisstatement of this other informats'on, we are required to report that fact. We have nothing to report in this regard. Oplnlon8 on other matter8 prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. o the information given in the Irustees, report, lch includes Ihe strategic report and directors, report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial ststements., and o the strategic report and directors, report included within the trustees, report have been prepared in accordance with applicable legal requirement$. Matters on whlch we are requlred to report by exceptlon In the light of the knoedge and understanding of the charitabla Company and its énvironment obtsined in the course of the audit, we havé not identified material misststements in the strategic report or the directors, report induded wilhin the trustees, report. Page 11
REPORT OF THE INDEPENDENT AUDITORS TO THE MBERS OF CHRISTIAN ACTION AND RESOURCE ENTERPRISE REGISTERED NUMBER: 02790390 We have nothing to report in respect of the followng matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.. o adequate accountr'ng records have not been kept. or returns adequate for our audit have not been received from branches not visited by us., or o the finanaal statements are not in agreement with the accounting records and returns,. or o certain disclosures of truste88' rèmuneration speafied by law are not mad8', or o we have not rèceived all the information and explanations we rèquire for our audit,. or o the trustees were not entitled to prepare the financial statements in accordance with the small companies, regime and take advantage of the small companies, exemptions in preparing the strategic and directors, report. Re8ponslbllltles of trustees As explained more fully in the trustees, responsibilities statement set out on page 10 the trustees {0 are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misst8tement, vthether due to fraud or error. In pr8paring the financial statements. the trusteès are responsible for 8sse5sing the chant8ble company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistsc altemative but to do so. Audltor respon8lbllltle8 for the audlt of the flnanclal statements Our objectives are to obtain reasonable assurance about whether the financial slatements as a thole are free from matenal misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance wth ISAS IUKI wll always detect a material misstatement when it exisls. Misstatements can arise from fraud or error and are considered malerial if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial stalements. Irregularities, including fraud, are Instances of non-compliance wth laws and regulations. We design procedures in line th our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud 15 delailed below.. We identified and assessed the risks of material misstatement wthin the financial statements from irregularities, ether due to fraud or error, at the audit planning stage and discussed these among the audit engagement team. Discussion5 W+th management and those charged wth governance around laws, regulations and compliance were also undertaken at the audit planning stage. We then designed and performed audit procedures in response to these identified risks. Such audit procedures induded obtaining suffiaent, appropriate audit evidence to provide a basis for our audit opinion. We obtained an underslanding of the legal and regulatory framewofks wthin 1¢h the charitable company operates, focusing on those laws and regulations that have 8 direct effect on material amounts and disclosures wthin the financial statements. The laws of regulations considered were the Companie$ Act 2006. Charities Act 2011, together with the Charities SORP IFRS1021. We have assessed the impact of any breaches in these laws and regulations and considered whether any such findings have a material impact on the financial ststements. We also considered the systems and controls in place and the opportunities and incentives that may exist wthin the charity for fraud or manipulation of these financial statements. We identified the key risks in relation to fraud were management override of controls and income recognition. The audit procedures designed to respond to thesé risks included sample testing on journals, review of key accounting estimates, discussion with management, legal expenditure rewew, and a review of trustee meeting minutes along wth sample testing income streams trom source documentation. Our audit procedures, together wth our assessment of risks identified at planning, were transparent to the charity and have been communicated to the trustees throughout the audit as well as communicated wthin the audit engagement team. Page 12
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ANA ON AND RE OURCE ENTE PRISE REGISTERED N CHRI 0279 390 Because of the inherent limitations of an audit. there is a risk that we wll not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance wth regulation. This risk increases the more that compliance wth a law or regulation is removed from the events and transactions reflected in the financial statements, as we wsll be less likely to become aware of instsnces of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misreprésentation. Ults'mately it is the responsibility of the trustees for the prevention and detectron of fraud and nonwcompliance. A furth8r description of our responsibilities is available on the FRC'S website at.. https'.I1v.frC.org.UkIauditOrSIaudlt-a$surance}auditOT-s-responsIb1IItie$-for-lhe-audlt-0f-th-f11de$cnpt10n-Of-the-8udIt0r /pE20kBOOh99s-re8ponsibilities-for This description forms part of our auditorfs report. We communicate wth those charged with governance regarding, among other matters, thé planned scope and timin9 of the audit and significant audit findings, including any significant deficiencies in intemal control that we identity during our audit. Use of our report This report is made solely to the charitable company's mèmbers, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the charitsble company's members those matters we are required to state to them in an auditols report and for no other purpose. To the fullest ext8nt permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work. for this report, or forthe opinions we have fomied. Russe Byrd (Senior SlatutoffAuditorl for and on behalf of Byrd Link Audit and Accounlancy Services Llmlted, Honeybourne Placè Je5sop Avenue Cheltenham Gloucestershire GL50 3SH Date.. 30th January 2026 Page 13
CHRISTIAN ACTION AND RE RCE ENTERPRI STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING AN INCOME AND EXPENDITURE ACC FOR THE YEAR ENDED 31 MARCH 2025 UN 31.3.25 Total funds 31.3.24 Total nds as reststed Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 100,096 640,337 740,433 607,321 Charltablo actlvltl•* Core 311,053 311,053 144,971 Other trading activities Investrnent income 131,744 8,810 1,000 132,744 6,810 123.511 3,787 Total 549,703 641,337 1,191,040 879,590 EXPENDITURE ON Shop expenditure 138,678 138,678 142,993 Charllablo actlvlt108 Core 410.001 337.153 747,154 558,597 Total 548,679 337,153 885,832 701,590 NET INCOME Transfers between fund8 1,024 231,331 304,184 1231,3311 305,208 178.000 24 Net movement In funds 232,355 72,853 305,208 178,000 RECONCILIATION OF FUNDS Tolal funds brought forward 277,444 261,037 538,481 360,481 TOTAL FUNDS CARRIED FORWARD 509,799 333.890 843,689 538,481 CONTINUING OPERATIONS Al income and expenditure has arisen from continuing activities. The notes fomi part of these financial statements Page 14
CHRISTIAN ACTION AND RESOURCE ENTERPRISE REGISTERED NUMBER: 02790 BALANCE HEET 31 MARCH 202 31.3.25 Total fvnds 31.3.24 Total funds as restated Unrestricted fund Restricted funds Notes FIXED ASSETS Tangible assets 16 784,217 784.217 497,627 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 17 18 14,765 5,094 101.743 14,765 97,594 414,202 16,263 137,004 283,033 92,500 312,459 121,602 404,959 526,561 436,300 CREDITORS Amounts falling due wthin one year 19 (68.1711 {71,069) {139,240) 145,6421 NET CURRENT ASSETS 53.431 333,890 387,321 390,658 TOTAL ASSETS LESS CURRENT LIABILITIES 837,648 333,890 1,171,538 888,285 CREDITORS Amounts falling due after more th8n one year 20 1327,8491 1327,849} (349,8041 NET A88ETS 509,799 333,890 843,689 538.481 FUNDS Unrestricted funds Restricted funds 24 509,799 333,890 277.444 261,037 TOTAL FUNDS 843,689 538,481 The finanual statements were approved by the Board of Trustees and authorised for issue and were signed on its behalf by.. on li Brewin - Trustee The notes form part of these financial stalements Page 15
CHRI TIAN ACTION AND RESOURCE NT RPRI CASH FLOW STATEMENT R THE YEAR ENDED 31 MARCH 2 31.3.25 31.3.24 as restated Notes Cash flows from operatlng actlvltles Cash generated from operations 441,214 59,022 Net cash provided by operating activities 441,214 59,022 Cash flows from investing activitle8 Purchase of tangible fixed assets Interest received {296,331) 6,810 (292,433} 3,787 Net cash used in investing activitl8S 1289.5211 1288,646) Cash Ilows Irom flnanclng actlvltle8 New loans in year Loan repayments in year 206,250 116,8841 120,524) Net cash (used inllprovided by finann9 activities 120,524) 189,386 Change In cash and cash equlvalents In the reportlng perlod Cash and cash equlvalents at the beglnnlng of the reportlng perlod 131,189 {40,2581 283.033 323,291 Cash and cash oqulvalonts at thè end of thè rnportlng perlod 414,202 283,033 The notes form part of these financial statements Page 16
CHRI TIAN ACTION AND RESOURCE ENTERPRI NOTES T THE CASH FLOW TATEMENT FOR THE YEAR ENDED 31 MARCH 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.25 31.3.24 as restated Net Incomo for the reportlng pèrlod (as per the Statsment of Flnanclal Actlvltlos> Adjustments for. Depreciation charges Loss on disposal of fixed assets Interest received Decrease in stocks Decreasellincreasel in debtors Increase in creditors 305,208 178.000 9,741 8,456 365 13,7871 (6,8101 1,498 39,410 92,187 1127,082) 2,764 Net cash provlded by operatlon8 441,214 59,022 ANALYSIS OF CHANGES IN NET (DEBTIIFUNDS At 1.4.24 C8sh flow At 31.3.25 Net cash Cash at bank and in hand 283,033 131,169 414,202 283,033 131,169 414,202 Debt Debts falling due within 1 year Debts falling due after 1 year 120,3701 1349,804) 11,4311 21,955 121,8011 1327,8491 1370,174) 20,524 1349,6501 Total 187,1411 151,893 64,552 The notes form part of these financial statements Page 17
CHRISTIAN A Tl N AND RESO RCE ENTERPRISE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR E DED 1 MARCH 2025 LEGAL STRUCTURE Christian Action and Resource Enterprise Limited is a private company limited by guarantee, registered in England, and the registered office address can be found within th8 reference and admin details on page 8. ACCOUNTING POUCIES Baslg of preparing the flnanclal 8tatem8nts The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been pr8pared in accordance with the Charities SORP (FRS 1021 'Accounting and Reporting by Chaiities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wth thè Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective 1 January 20191,. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 20C6. The financial statements have been prepared under the historical cost convention. The charity has depart8d from the Charities SORP and FRS 102 in order to depreciate freehold property held at Alexandra Road Cleethorpes at a rate of 2 % on a slraight line basis. The treatment required by the Charities SORP and FRS 102 where an asset comprises of tsvo or more major component5 15 that each component should be depreciated separately over its useful lif8 and that the value of land is not depreciated. The trustees consider that depreciating this Freehold property at a rate of 20A on a straight linè basis reflects the value of the asset for the charity, and have conduded that the accounts presènt a true and fair view. The property acquired at Victoria Street Grimsby is to be split belJveen major components and depreciated over its estimated useful life once the propety is brought into use. A policy is CUrrenY being developed to estsblish these rates. Incomlng re8ource8 All income is recognised in the Stgtement of Financial Activities once the ¢h8rily has entitlement to the funds, it is probable thal the income will be received and the amount can be measured reliably. Income from government and other grants, whether 'capital' grants or 'revenue' grants. is recognised when the charity has entiuement to the funds, any performance conditions attached to the grants have been met, it is probablè that the income will be received and the amount can be measurèd reliably and is not deferred. Resou88 expended Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to partiGular headings they have been allocated to actitse$ on a basis consistent wth the use of resources. Raising fvnds comprise the costs associated wth attracting voluntary income and the ¢osts of trading for fundraising purposes induding the charity's shop. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both cost5 that can be allocated directly to such activities and those costs of an indired nature necessary to support them. Support costs. include those costs that assist the work of the ¢harity but do nol directly undertake charitable activities and also indude governanc8 costs, those costs associated with meeting the constitutional and statutory requirements of the charity and include the accountancy fees and costs linked to the strategic management ofthe charity. Tanglble flxed assets Depreciation is provided at the following annual rates in order to write off each asset over rts estimated usefvl life. Freehold property Improvements to propety Plant and machinery Motor vehicles 2Vo Straight Line 20A Straight Line 25010 Straight Line 25/0 Reduang Balance Page 18
CHRISTIAN ACTI N AND RES URCE ENTERPRISE TES TO THE FINANCIAL STATEMENTS- FOR THE YEAR ENDED 31 MARCH 2025 ontin ACCOUNTING POLICIES- contlnued Tanglble fixed assets The propety acquired at Victoria Street Grimsby is to be split between major components and depreciated over its estimated useful life once the property is brought into use. A policy is currently being developed to establish these rates. The charity has a policy to capitslise assets in excess of £250. AJI fixed assets are induded at cost less accumulated depr8ciation and Trustees carry out an impairment review en they see necessary. Stocks The TrusteeslDirectors consider it appropriate to reflect thè rèplacement cost of donated goods and food on hand at the year end ?nd 15 adlusted on Incorne. Taxatlon The charity is exempt from corporation tax on its charitable activities. Irrecoverable VAT is charged to the Ststement Of Financial Actsvities in the penod to lch it relates. Fund ac¢ountlng Unrestricted funds cen be used in accordance wth the charitable objectives at the discxetion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or vhen fijnds are raised for particular restricted purpose5. Further explanation of the nature and purp08e of each fund is included in the notes to thè financial statements. P•n8lon costs and other post-retlrfrmont beneflt8 The tharitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged lo the Statement of Financial Actiwlies In the period to which they relate. Donated good8 Donated goods are recognised in income at sales value when they are sold. General services provided by volunteers and organisations are not recognised in the ststement of financial activities. Further details of these are disclosed in the Trustees report. Donated goods for distribution are recognised in the Statement of financial activities when distribuled at market value as donations and charitable expenditure. Operatlng lease Rentals on operating16ases are charged to the statement of financial activities based on the tem7s set out by tha lease agr8ements in place Cash at bank and In hand Cash and cash equivalents include cash in hand and deposits held at banks. Flnanclal Instruments The charity has both basic financial assets and financial liabilities induding trade and other. Both are measured inibally at the transaction price and subsequently gt fair value. Interest bearing financial liabilities are valued at amortised costs. Page 19
HRISTIAN ACTION AND RESOURCE ENTERPRI NOTES TO THE FINANCIAL STATEMENTS- ontin FOR THE YEAR ENDED 31 MARCH 2025 DONATIONS AND LEGACIES 31.3.25 31.3.24 8s restated Gifts and donations Grants 40,903 699,530 125,808 481,513 740,433 607,321 OTHER TRADING ACTIVITIES 31.3.25 31.3.24 as restated Fundraising events Shop income 174 132,570 123,511 132,744 123,511 INVESTMENT INCOME 31.3.25 31.3.24 as restated Interest 6.810 3,787 INCOME FROM CHARITABLE ACTIVITIES 31.3.25 31.3.24 as restated Activity Core Core Housing benefits 8nd rents Management charge 300,154 10,899 134,910 10,061 311,053 144,971 SHOP EXPENDITURE Other tradlng actlvltle• 31.3.25 31.3.24 as restated Purchases Staff costs Office costs Motor, tr8vel and carriage Volunteer expenses and training Premises costs Insurance Communication Equipment hire Bank charges and interest Sundries Waste disposal Professional fees Depreciation 1,495 94,967 2,319 4,032 3,047 8,550 2.594 1,227 1,314 2,392 2,221 3,969 2,945 7,606 91,994 1,480 7,591 3,789 12.658 1,237 1,119 1.517 2,108 3,393 4,733 5,055 6,319 138,678 142,993 Page 20
CHRI TIAN ACTION AND RESO RCEE TERPRISE NOTE TO THE FINANCIAL STATEMENTS - contlnue R TH YEAR ENDED 31 MARCH 2025 CHARITABLE ACTIVITIES COSTS Support costs (see note 9) Direct Costs Totals Cor8 686,505 60.649 747,154 SUPPORT COSTS Governance costs Core 80,649 10. NET INCOMEI{EXPENDITURE) Net incomellexpenditurel is stated after chargingllcreditingl: 31.3.25 31.3.24 as restated Accountancy fee and payroll Gosts Auditors fee Depreciation - owned assets Deficit on disposal of fixed assets 7,575 6,600 9,741 6,650 8.456 365 11. TRUSTEES, REMUNERATION AND BENEFITS Mrs. A. M Jones the wfe of trustee Mr. D Jones received remuneration as salary during the year of £5,579 (2024 - £15,C621. There were no other trustees, remuneration or other benefits for the year ended 31 March 2025 or for the year ended 31 March 2024. Tru3tee8' expen8e8 No trustees, expenses were paid during the year ended 31 March 2025 or Ihe year ended 31 st March 2024. STAFF COSTS 12. 31.3.25 31.3.24 as restated Wages and salaries Social security costs other pension costs 420,912 23,184 8,672 392,047 19,940 8,989 452,768 420,976 Included within wages and salaries are total redundancy costs inclusive of PILON and accrued holiday pay of £60,168. Al were paid prior to the year end and there was no liability as at the 31st March 2025. The average monthly number of employees during the year was as follows.. 31.3.25 31.3.24 as restated Shop General Management Family Housing & Support 17 18 No employees received emoluments in excess of £60,000. Page 21
CHRISTIAN ACTION AND RESOURCE ENTERPRISE TEST THE FINANCIAL STATEMENTS- contln FOR THE YEAR ENDED 31 MARCH 2025 ed 12. STAFF COSTS - Contlnued Fees were paid to key management in relation to the role of CEO and project manager of the building project of £43,68012024 - £45,500). This has been allocated to wages and building costs accordingly. 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fvnd Restricted funds Total funds as restated INCOME AND ENDOWMENTS FROM Donatsons and legacies 48,474 558,847 607,321 Charftable actlvltlo8 Core 144,971 144,971 other trading activities Investment income 123,511 3,787 123,511 3,787 Total 320,743 558,847 879.590 EXPENDITURE ON Shop expenditure 142,993 142,993 Charltable actlvltle8 Core 195,354 363,243 558,597 Total 338,347 363,243 701,590 NET INCOMEI<EXPENDITUREI Tran8fer8 between funds {17,804) 88,331 195,604 168,3311 178,000 Net movement In fund8 50,727 127,273 178,000 RECONCILIATION OF FUNDS Total fund5 brought forward 226,717 133,784 380,481 TOTAL FUNDS CARRIED FORWARD 277,444 261,037 538,481 14. PRIOR YEAR ADJUSTMENT The following prior period adjustments have made to the comparatives for the year ended 31 st March 2024., Firstly the operating lease commitments di6cIo8ed within the leasing agreem8nts note to the financial statements have been increased by £11,604. The additional commitment relates to propety leases which were not identified in Ihe prior year. The adjustment has no impact on the Charity's reserves. A second prior period adjustment has been made in relation to repairs to leased properties and payments to landlords lch wer& netted off the receipt of housing benèfits and rents wthin the year ended 31 st March 2024 finanrial statements. The adjustment of £37,101 has increased the Charitable Activity Income and the also increased the Charitable Activity Expenditure on the Statement of Financial Actiwties. The adjustment has had no overall impact on the Charity's reserves. A further prior period adjustment has been made in relaton to grants awarded in the year 31st March 2024 that were not reiVed into the bank until after 31st March 2024. Upon reassessment they are considered to be unconditional and therefore recognition of them should have been induded in the prior period. This results in grants within restricted donations and legacies income in 2024 increasing by £128,400 on the Statement of Financial Act'vities and Accrued income within debtors increasing by £128,400 on the balan 5heet.The adjustment has resulted in the restricted Charity's reserves also increasing by £128,400 as at the 31st March 2024. Page 22
CHRISTIAN ACTION AND RESOURCE ENTERPRI NOTES T THE INANCIAL TATEMENTS - con FOR THE YEAR ENDED 1 MARC 2025 15. INDEMNITY INSURANCE The company has paid £88012024 - £8281 for insurance in respect of TrusteeslDirectors' liabilities incurred in connection with the discharge of their duties. 16. TANGIBLE FIXED ASSETS Improvements to property Freehold propety Plant and machinery Motor v8hicl8S Totals COST At 1 April 2024 Additions 663,788 60.068 281,920 36,204 28,994 660,060 296.331 5,417 At 31 March 2025 563,788 321,988 65,198 5,417 956,391 DEPRECIATION At 1 April 2024 Charge for year 109,900 5,739 19,796 32,737 1,819 162.433 9,741 1,241 At 31 March 2025 115,639 20,738 34,556 1,241 172,174 NET BOOK VALUE At 31 March 2025 448,149 301,250 30.642 4,176 784,217 At 31 March 2024 453,888 40,272 3.467 497,627 17. STOCKS 31.3.25 31.3.24 as restated Donated stock 14,785 16,263 18. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 as réstatèd Trade debtors Other debtors VAT Accrued income 607 2,000 2,487 92,500 5,006 3,598 128,400 97,594 137,004 Page 23
CHRISTIAN ACTION AND RESOURCE ENTERPRISE NOTES TO THE FINANCIAL STATEMENTS . continued FOR THE YEAR ENDED 31 MARCH 2025 19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 as restated Bank loans (see note 21) Trade creditors Soryal security and other taxes Other creditors 21.801 71,149 5,126 41,164 20,370 6,613 18,659 139,240 45,642 20. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.3.25 31.3.24 as restated Bank loans {see note 211 327,849 349,804 21. LOANS An analysis of the maturity of loans is given below.. 31.3.25 31.3.24 8s restgted Amounts falling due wthin one year on demand.. Bank loans 21,801 20,370 Amounts falling beljveen one and tKI years.. Bank loans - 1-2 years 22,696 21,278 Amounts falling due betsveen and five years.. Bank loans - 2-5 ye8rs 73,907 69,993 Amounts falling due in more than five years.. Repayable by instalments,, Bank loans 231.248 258,533 22. LEASING AGREEMENTS Minimum le8se paymeirts under non-cancellable operating leases fall due as follows. 31.3.25 31.3.24 as rèstatèd Within one year 32.901 12,004 Lease costs during the year were £94,504. Page 24
CHRISTIAN ACTION AND RESOURCE ENTERPRISE NOTE TO THE FINANCIAL STATEMENTS . contlnu FOR THE YEAR ENDED 31 MARCH 2025 23. SECURED DEBTS The following secured debts are induded within creditors.. 31.3.25 31.3.24 as reslated Bank loans 349,650 370,174 The bank loans are secured by a legal charge over 4PA7 Alexandra Road, Cleethorpes, DN35 8LE and 86-88 Victoria Street, Grimsby. DN311 BG. MOVEMENT IN FUNDS Nel movement in funds Transfers been funds At 31.3.25 At 1.4.24 Unr68trlctod funds General fund 277,444 1,024 231,331 509,799 RestrScted fund• Restricted Funds National Lottery Community Fund Building fund 210,454 37,083 13,500 285,455 2,270 16,459 1206,6461 289.283 39,353 5,274 124,685) 261,037 304,184 1231,3311 333,890 TOTAL FUNDS 538,481 305,208 843,689 Net movement in funds. included in the above are as follows.. Incoming resources Resources expended Movement In fund8 Unre8trlcted funds General fund 549.703 (548,6791 1,024 Restrlclod funds Restricted Funds National Lottery Community Fund Building fund 539,183 62,900 39,254 1253,7281 160,6301 122,7951 285,455 2.270 16,459 641,337 (337,153) 304,184 TOTAL FUNDS 1,191,040 1885,8321 305,208 Page 25
CHRISTIAN ACTION AND RESOURCE ENTERPRISE NOTES TO THE FINANCIAL STATEMENTS - contlnued R THE YEAR ENDED 1 MARCH 2025 24. MOVEMENT IN FUNDS- continued Comparatlvos for movement In funds Net movement in funds Transfers beeen funds At 31.3.24 At 1.4.23 Unrestrlcted funds General fund 226.717 117,604) 68,331 277,444 Restrlcted funds Restricted Funds National Lottery Community Fund Building fund 70,445 57,917 5,402 140,009 12Q,834) 76,429 210,454 37,Q83 13,500 {68,331) 133,764 195,604 (68,331) 261,037 TOTAL FUNDS 360,481 178,000 538,481 Comparative net movement in funds, included in the above are a8 follows.. Incoming resources Resources expended Movement in fvnds Unrestrlctod fund8 General fund 320,743 1338,3471 (17,6041 Re8trlcted funds Restricted Funds National Lottery Community Fund Building fund 383,449 98,969 76.429 1243,4401 1119,8031 140,009 {20.8341 76,429 558,847 (363,243) 196,604 TOTAL FUNDS 879.590 (701,590) 178,000 A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds Transfers been funds At 31.3.25 At 1.4.23 Unrestrlcted funds General fund 226,717 116,5801 299,662 509,799 Restrlcted fundg Restricted Funds National Lottery Community Fund Building fund 70,445 57,917 5,402 425,464 118,5641 92,888 1206.646) 289,263 39,353 5,274 193,016) 133.764 499,788 {299,6621 333,890 TOTAL FUNDS 380,481 483,208 843,689 Page 26
HRISTIAN ACTION AND RESOURCE ENTERPRISE NOTES TO THE FINANCIAL STATEMENTS - FOR THE YEAR ENDED 31 MARCH 202 inu MOVEMENT IN FUNDS . contlnued A current year 12 months and prior yéar 12 month$ combined net movement in funds, induded in the above are as follows.. Incoming resources Resour$ expended Movement in funds Unre8trlct8d funds General fund 870,446 {887,026) 116,5801 Restrlcted fund8 Restricted Funds National Lottery Community Fund Buildlng fund 922,632 161,869 115,683 {497,168) {180,433) 122,795) 425,464 118,5641 92,888 1,200,184 {700,396) 499.788 TOTAL FUNDS 2,070,630 11,587,422) 483.208 Included within restricted funds are the followng.. CARE Houglng Support Proloct The purpose of this fund was lo provide housing, tenancy management, and support to vulnèrable people in North East Lincolnshire. CARE Crl•l• Support Project The purpose of this fund was to provide crisis support through CARE'S dropin seryice, including the provision of food donations, for people experiencing complex needs. 8ulldlng Project The purpose of this fund was to renovate the Victoria Streel building to create a community hub. Tran8ler8 between fund8 Transfers into the general fund of £231,331 12025.. £68,331) are in relation ta the costs of acquiring and renovating the Victoria Street building, lch have been allocated against restricted income vthere the restrictions have been met. 26. EMPLOYEE BENEFIT OBLIGATIONS The charity makes contributions into a defined contribution scheme for its employees. The amount charged to the Statement Of Finanaal Activities during the year was £8,672 12024 £8,990). The pension contribub'ons outstanding at 31 st March 2025 were £2,619131 st March 2024 - £Nill 26. CONTINGENT LIABILITIES Landlord Guarantee8 During the year, the Company has given guarantees to landlords. These guarantees will only bècome payable if at the point of vacating, damage has been done to the premises and the vacating tenant does not personally fulfil obligations to Ihe landlord. During the year guaranlees amounting to £500 were honoured (2024- £750 honoured). At the balance sheet date the contingent liability representing landlord guarantees potentially payable amounted to £NIL {2024- £5001- 18 Hainton Avenue Page 27
CHRISTIAN ACTI NDRE RCE ENTERPRISE NOTES TO THE FINANCIAL STATEMENTS . contlnued FOR THE YEAR ENDED 31 MARCH 2025 26. CONTINGENT LIABILITIES . contlnued CARE plans to move trom Hainton Avenue to the Victoria Street Premises once renovations are complete. A schedule of dilapidation was served from an Independent Commercial Surveyor on behalf of the Landlords of Hainton Avenue in Decernber 2023. 11 showed costs of £21,317 to bring the propety to the standard required by the terms of the lease. A further review has been completed in September 2025 wth the expected costs to bring the property to the stsndard required by the lease reducing to £15,730. There is no provision induded wthin the accounts as we consider the liability to arise when we vacate the premises. We anticipate the overall cost whèn moving out of Hainton Avenue to be lower as plans are in place to do some repairs to reduce the overall cost. 27. CAPITAL COMMITMENTS At the 31 st March 2025 there was capital expenditure not included wthin the accounts committed to. estimated at inclusive of irrecoverable VAT of £158,000 in relation to phase one work on the Victoria Street building. 28. RELATED PARTY DISCLOSURES Total donations from Trustees during the year ended 31 March 2025 amounted to £4512024- £Nil).. There were no further felated paty transactions for the year ended 31 March 2025, other than those disclosed at note 10. 29. SUBSEQUENT EVENTS Capital expenditure on the Victoria Street building continues in the current financial year with phase one being complete and contracts for phase being signed and work Undeay. The Community Hub opened its doors in January 2026. Capital costs incurred since the year end to dat8 are 8Stimated to be approximately £375,000 inclusive of irrecov8rable VAT. This includes the committed capitsl expenditure disclosed at note 27 of these financjal statements. Page 28