Charity iegistration number 1067733 (England and Wales)
Cornpany reg15tratlon number 03490904
GL3 COMMUNITY HUB LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

GL3 COMMUNITY HUB LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Trusto0s
Mr P J Anlill
Mrocox
Mrs P W Austin
Mr A Moldei
Mrs A Lawson
Mrs T Lewi5
Miss N J Vizard
(Appointed 21 July 20231
Charity number
1067733
Company number
03490904
R•glst•r•d offl
Ch•lt8nham Road East
Churchdown
Gloucester
Glou¢&sl&r8hlr8
Englan¢J
GL3 1HX
Independent examiner
BK Plus Llmited
6 Manor Park 8usines$ Cenlrg
Mackenzie Way
Cheltenham
Glouce51ershire
GL519TX

GL3 COMMUNITY HUB LTD
CONTENTS
Page
Trustees report
Ind8p8ndent exatnlner's report
Stslemenl of financial activlties
Statement ol financial position
Noles lo the flnan¢lal 81al8m8nl8
7-14

GL3 COMMUNITY HUB LTD
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Th8 Irust88s pr8sent Ih8ir annual report and financial statements lor Iha y8ar end8d 31 March 2024.
The fin8nei81 ststemeni$ have been prepared in 8c¢ord8n¢e with the 8¢¢0unb"ng poli¢ies set out in note I to the fin8nci81
slatetnenls and cotnply wilh the charity's governing document. the Cornpanies Acl 2006 and 'Accounts"ng and Reportsng by
Charilies. Slatetnent of Recomfflended Practi￿ applicable to chaiitie5 preparing their accounts in accordance ￿th th&
Financial Reporting Standard applicable the UK and R8public ol Ireland IFRS 1021" leff8cllve 1 January 20191.
Objectives and Activiti
Allsslons and Goals
The GL3 Community Fkjb remains committed lo ils missK>n, as stated in the Vision Stalemenl To provide universal
servic&s, as w&ll &s h88lth. social, gnwiionm8nial. and eclucelional opportunili&s,"The Hub's obj8¢tive$ continue to focus on,.
Organislng lo¢al soelal and a¢livily-ba$ed drop-in oroups lor children, young people, f8Milies, and the broader
community.
Establishing so¢lal, educath)n81, and 8Ctivity-based f8cillli8s lor Children, young people, families, and thè broader
community.
Providlng Ioc8118¢llilles l¢r indlvidu31s with learning diffi¢ullies.
Offèring 8ducatK)nal and Iraining progiamrnas lor wsid8nts of all ag8 groups.
• Facilltatlng volunle8nng OPPDrtunlti8s lo r8duca 18olallon ane promot8 aciiv8 cltsz•nshlp.
Public bon•fit
Th8 charity continues lo provld8 publlc b8n8frt In1Sn8 with mission lo suppom th8 r8sid•nts ol Churchdown and surrounding
areas. This ye8r, the grant fundlng Irom En¢v•rt enabled the much-needed iep18cem&nl of the lower roof, èlimlnaling prior
Issues wher8 leaks forced tm8 closure ol parts of the bulldlng dudng wel weather and somgtlmes led 10 Postponement of
support groups. This improvement has ensured uninterrupted seNices lo the community znd provided a safer and more
reli8bl8 Spa￿ lor our groups and adivilies.
Achievements #nd performanrg
This year has $8en significant prtsgr8ss and developtnerrt in th8 $grvic89 and offerings providad by the GL3 Community Hub.
Key achievements include..
The intro(Juction of a parentlguardlan toddler group. offering an accessible social and support network for local
fomlll¥s.
Expansion of Ihg W¢llbglng Wgdn•sday Inlualivg In portngrshSp with Goo1$ 8tryond Grass, almgd ot $upportlng
vulnèrable adulL% wlh Ihtr option ol aclw* or b¢)ard gam*s.
Significant increases in foDdbank usage through our partnership wlh Hungry No mo￿, alongside strategies lo
secure ongoing food donations to meet demand.
The Café opgratlon$ were brought in-house, allivling us to locus on non-pro)It hol drinks, snacks, and hornemade
cak8s. This tnov8 has 18duc8d pric8s In th8 cal8. making it mor8 8ffordabl8 for all rn8tnbers ol thg ¢ommunily, and
enabled 1he reGNitmenl of an additional staff mernber.
Volunteer numbers Increased, further enhanciryJ our ability to offer a range ol services and support.
Sonlor youth club launched lor SEND young peDple, part funded by Tewkesbury Borough Counal. addressing a key
nggd Sn the ¢ommunlty.
The Hub has also wntinued to work dosely with Neighbourhood HoLJsing Officers, social prescribers. and local PCSOS to
support vulnerable groups.

GL3 COMMUNITY HUB LTD
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Financial review
Investment Policy and Objectiv•s
Due lo limited unallocaled funds, interest earned on bank deposits rtmains satisfactory for the charity. No surplus funds were
avallabla durlng the y&ar.
R•s•ry• polS¢y
In light ol r15ing ulilily cost5 and the incrga51ng drfficulty In sgcuring gr3nt funding. thg Trus19es havg prudgntly inErga59d thg
charity's rassrvè policy to covèr twalv• months of running costs. Additionalli, £96.000 has bo•n sat asid• lo covèr the
anticipated cosis of replacing the sports hall roof,, as well as a contingency lor any shortfalls in th8 Section 106 funding
eamarkecl lor building improv¢menl$.
Flnancl41 porformanca
The increas8 in ulilily cogts and wageg hay led lo the need for adjustmgnts in room hire charges. D88pile these increases, a
shortfall remains, and grant funding is being 8¢lively sought to bridge this gap. To fijrther improve inccim¢. a mark$tlng
¢trat•gy is being devek)ped to prornote weekend hires, particularly lor birthda), parties.
Futurg plan$
The Hub has a number of key initiatives planned for the future. Priority is b8ing giv8n to replarAng lh8 Sports hall roof,
following y8ars ol l•mpJrary r8paiis. Th8 reconl award ol S•ctlon 106 funds Irorn a nearby houslng d8vèlopm8nt w511
support addits'onal up9rades to the buildin9. These upgrades will allow the Hub lo better accommodate the anticipated growth
in ¢ommLJnily population, particularly from so¢ial housing developments. Improvements include enhancing the 18cilills
accessibility and capacity to ensure that il can Continue to serve the needs ol the larger. rnore divers8 communilv.
Struclure. gov¢man¢• and manag•m•nt
Governing document
The charity is controlled by ils gov?ming document, g deed of trust. gnd consliluled a lirnited compgry. limited by guarantee,
as d$fined under the Companies Act 2006.
The Board ol Trustees, equipped with diverse skills, provides governan¢e. The 8oard ¢on'oenes bi-monthly, wlh subgroups
established for project work. It h98 appoinled a Chair, Vi¢tr Chair, Se¢r$tary, and Tre8sur8r.
The Hub is ¢onstiluted as a ¢omp8ny limited by guarantee. devoid of shore ￿pItal. In the 4ent gf winding up, il li9bililios
surpass osssts, gach member's li4bilily is limil$d lo £1. Th¢ qov¢rnino document lor th¥ Hub is 11$ Mernorandum and Arti¢les
ol Association.
Board of Trustee5
ThB Board ol Trustoes provldes governance lor the Hub. This year, a n8w Trustee with HR and polley compllance
experl•n¢o was appoinled, further slrenglhening the board's oversight capacity. The Board wnlinueg lo meet bi-monlhly,
viilh subgroups lor sp8cific projects. The Hub is run by a srnall operational team led by 8 lull-time Managerlcoordinalor.
Risk Managernent
The Board of Tru51ee5 continues to monitor and manage risks, part￿LIlarlY in the areas of heallh and $8fely and building
compliancts. This year, ntrw risks have emerged, most notably the Increased utlllty costs and wages, which hav& placed
pressure on the charity's lin8n¢ial resources. Room hire charges have been adjusted a¢¢ordingly. and further grant funding is
being soughl lo address shomfalls. Additionally, marketing plans are in place lo generate more weekend hires lor bimhday
pariies and other events, which will help sustain income.
5tatoment of trusteas r•sponslbllltlgs
The Iru$l&e£. who are also the directors of GL3 Communty Hub Llrl lor1he purpose of company law. are r&sponslble for
preparing the Trustees Report and the financial statements in accordance with applicable law and Unrted Kingdom
A¢counlin9 Stsndards (United Kingdorn Generally A¢cepted A¢coLJntin9 Procli¢el.

GL3 COMMUNITY HUB LTD
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The Irusle&$ raport wa$ approved by the Board of Truslses.
fvlrs P W Austin
Trustee
25 November 2024

GL3 COMMUNITY HUB LTD
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF GL3 COMMUNITY HUB LTD
I report lo the tru5lee5 on rny 8xaminalion of lh8 financial stalem8nt5 01 GL3 Community Hub Ltd Ithe chartyl lor lh8 y8ar
ended 31 March 2024.
Ro$pon$lbllltl&$ and b¥sl$ of roport
As Ihe trustoes ol tho charity land also its directors for the purposes ol company lawl, you ar• responsible for tho preparallon
ol the financial statements in accordanc8 with the r8quirom8nt5 01 the Companies Act 2006.
Having $8li$fied myself that the finan¢ial statements ol the charity are not required to be audited undèr Part 16 of the
Companies Act 2006 and arè eligible for independent èxamination, I rèport in resp6cl of My exarrination of the charty's
financial slalemenls carried out under section 145 of the Charities Act 2011. In carrying out my exarllination I ha08 lollow8d
the Direclions given by the Charity Comrnission under section 14515llbl of the Charities Act 2011.
Ind•p•nd•nt •xamln•rf8 stat•m•nt
I have comploted my exarninalion. I confirm Ihat no rnarters have corne to my atlenkn'on in cL)nneclion wilh the examination
giving ma causa lo beliav$ that in any matarial raspècl..
accounting records were not kept in resped ol the charity as required by section 386 01 the Companies Act 2006.
the financial statements do not accord with those records., or
the financial 51alernenl8 do nDI cotnply with Ihe ac¢x)unling r8quirements of 8eclion 396 of the Compani85 Act 2006
other than any requirement that the fi'nancial statements give a true and fair view, which is not a matter considered 85
part of an indepènd8nt examinallon., or
the financial stt)lernent5 have nol bean pr•pared In accordance with Ihe mèthods and prlncipleg ol the Stalamenl of
Recommended Practice for 8ccounling and reporiing by charibes 8ppIic8ble lo charilies preparing their finBnci?I
statements In acGDrdanG? wllh Ihg Flnanclal Repomlng Standard appll¢ablg Ihe UK and Repu>llc of Iielan*J IFRS
1021.
I have no concerns and have c4Jme across no other matters in conneC￿.0n wilh Ihe examination to which attention Should be
¢rawn in this report in order lo en8blp a proper undersianding of the linan¢io1 Stolemenls lo be reo¢h¢d.
Roger F Downes FCA
Th¥ In¥tltulE gf Chart¥rod A￿OUntant9 Engaland and Wales
BK Plus Limited
6 Manor Park Business Centre
la¢ken2ie Way
Challanham
Gloucesttrrshlr8
GL519TX
Dated., 25 November 2024

GL3 COMMUNITY HUB LTD
STATEMENT OF FINANCIAL ACTtVlTIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted
funds
2024
Rèstricted
funds
2024
Totsl
Unrestricted
funds
2023
Restricted
lunds
2023
Total
2024
2023
Notes
Incom• from=
Donations and legacies
Chari18blè 8clivth$s
Oiher trading aclivits'•s
Inveslrnents
3.014
3,014
71,318
107,648
2,093
35
35
20.570
76,596
611
71,318
20,570
107.648
2.093
76,596
611
Total income
112,755
71,318
184,073
77,242
20,570
97,812
Exp•ndllur8 on:
Charilable aGlivrties
131.153
71,961
203,114
77,585
19,605
97,190
Total expenditure
131 153
71,961
203,114
77,585
19,605
97,190
N•t Incom￿leXP0nd5tur9>
118,3981
16431
119,0411
13431
822
Othgr recognl¥gd 94lns
and 109sg9'.
Revaluation ol tangible
fixed assets
48,019
48,019
Nèt mov•ment In fund•
118,3981
16431
119,0411
47,676
48.641
R•¢on¢ilialion of funds..
Fund balances al 1 April 2023
403,734
6,347
410,081
356,058
S,382
361,440
Fund balanc•s at 31 March 2024
385,336
5,704
391,040
403,734
6,347
410,(A1
The staterner)t of ffinanGial activities Include3 all g8in3 and lo3se3 recogni3ed in the yeHr. All illGorne expenditure derive
fvorn continuing activities.

GL3 COMMUNITY HUB LTD
STATEMENT OF FINANCIAL POSITION
AS A T 31 AIARCH 2024
2024
2023
Not9¥
FlxÈd 8gse18
Investment property
10
175,000
175,LMIO
Currènt a88•t8
Debtors
Cash at bank and In hand
11
4.058
219,354
4,588
234.743
223,412
239.331
Cr•dilor8= amount$ f811ing du• within on•
y•ar
12
17,3721
14,2501
N•t curmnl a860ts
216,040
235,(B1
Total as8•ts1•88 currnnl Ilabllltl•s
391,040
410,081
N•t ass•ts oxcludlng p•nslon Ilablllty
391,040
410.CB1
The lunds of the charity
Ra8trict8d incom8 funds
Unreslricted lunds
13
5,704
385.336
6.347
403.734
391,040
410.081
Th8 cornpany is ent￿ed to the ex8mption from Ihé audit r8quir8m8nt coht*in8d in $8tllon 477 01 tho Companiés Act 2006, lor
the year ended 31 March 2024.
The dSr¢¢tors o¢knowled9tr thglr responslbll￿l9s lor ¢omplyln9 wlth th? rgquirfrments of Ihg Companles Acl 2008 wlth rgspgct
to accounts'ng records and the preparation ol linanaal slalemenls.
The member5 have nol requlred thè ¢ornpany to obtain an 8LJdll of Its flnan¢i81 ststements fr)r the year in question In
accordance wilh s8clion 476.
These finanLial slalements have been prepared in accordance with the provisions applicable to companies subject lo the
small Companies regiThe.
The financi81 sialemenls were approved by the 1ru8lee$ on 25 NovBYnber 2024
Nlrs P W Austin
Tiustee
Company registration numb8r 03490904 (England and V181esl

GL3 COMMUNITY HUB LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Ac¢ountSng pollcle8
Ch8rity infowmation
GL3 Communily Hub Ltd Is a privat• company limit8d by guarantse incorporat•d in England and Wales. Th8 register8d
office is Challenham Road East, Churchdown, Glouc8st•r, Gbuc&sl&r5hir&, GL3 1 HX, England.
1.1 Accounting conventlon
Th& financial stalem&nts hav8 b88n pr8parèd in aceordanc& ivith lh8 d)arity's1gOV8rnin9 doeum8nll, th& Companies
Act 2006, FRS 102 The Financi81 Reporting Standard applic8ble in the UK and Republic of Irdand" I'FRS 102.1 and
the charl￿.eS SORP 'Accounts'ng and Reporting by Charities.. Statement of RecomrTh9nded Practice applicable to
charities preparing their accounts in aeeordance with the Financial Reporting Standard applicable in the UK and
R8publi¢ ol Ireland IFRS 1021. lefftellve 1 January 20191. Thè ¢harlly is a Public Benefit Entity as d8flnod by FRS 102.
The financial slalements are prepared in 51erfing. which is the functional currency ol the charity. Monetary amounts in
Ih9sa financial stAlamants *a round&d to thè nearest £.
The financial stalements have been prepared under the historical cost convenlion, Imodified to include the revaluation
ol freehold propertiès and to include Inveslrnenl propertios and ctsrtain linan¢i81 instruments al lair valuel. Thts principal
accounting polici8s adopted are set out below.
1.2 Charltable fund5
Unr8slrict8d funds can be u88d in accordance with th8 charllabl8 objecb'Y8s at th8 discr•lion ol th• trusteès.
Restdclecj lunds ¢8n only be used for p3ni¢ular reslrl¢l8d purposes within the obSerts of the ¢harlly. Re61ri¢lion6 8rlse
when sp8cified by th8 donor or when funds ar8 raised lor particular restr￿ted purposes.
Furiher expl3n8¢h)n of the nature and purpose of each fund Is Included In the notes to Ihe flnan¢l81 st8tements.
1.3 In¢orne
All is recogni5gd in Ihe S¢algrnenl of FinarKial klivrties once thg chanty ha5 gnlitlgmgnl lo Ihg furKls, il is
pmhohlp. IhAI thp inr.nrnp will hp rp.r.p.ivpd thp. amnijnt rAn ￿￿. mpHqiirpd rp.liahly
1.4 Expondlturg
Liabilities are reo)gnised as expendrture as soon as there is a legal or constructive obligation o)mmilting the charrty to
that 8xp8nditure, it Is probable that 8 transfer of 8conomic benefits will b8 requir8d in setll8rneDt and the atnount of thg
obligalic)n c8n be rnea.surpd rgliably. Expenditure is accounted lor on an accrua15 basis and has been cla55ffjed under
hgodlngs that aggragata all cost ralatod to Ihg ¢Oteoory. Wherg Costs ¢onnot bg dlrgclly attrlbultrd lo partlculor
headings they hévg been allocalgd to Pctiwties on a bgsis consi¥lgnl wlh the use ol rgsource8
1.5 Invastm•nt propèrty
Inveslmenl property IS shown at most r8cenl valuatlon. Any aggregate surplus or deflcll arfsing from changes In falr
value is recognisad in Ihe Slatsment ol Financial Aclivitias.
1.6 Taxatlon
The charity is exempt from corporation tax on ils tharitable activities.
1.7 Pension costs and other post-retirement benefits
The charitable company oper81es a dtsfined contn'bulion penyon g¢heme. Contributions payablè to the charitable
company's pension scherne are charged to the Statement of Financial Activities in Ihe period lo which they relate.

GL3 COMMUNITY HUB LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from donatlong and legacles
Unrestricted
funds
2024
Unrestrictsd
funds
2023
Donations
3,014
35
In¢om8 from ¢harttobl¢ a¢tlvltl•$
Res-.ricle(J
lund$
2024
Restricted
funds
2023
Gronl$
71,318
20,570
Pgrformancg related granls analysls
2024
2Q3
Enov8rt
National Grid
National Lottery Fund
Ttswkesbury Boiough Council
Travi8 Perkins
Glouctershire Comrnunity Foundation
40.000
10.000
10,000
4,968
4,850
1.000
500
10,QXI
3.070
Rotary Club
Gloucesler5hire County Council
171,3181
120,5701

GL3 COMMUNITY HUB LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from other tradlng actlvltSes
Unrestricted
funds
2024
Unr8Strict8d
funds
2023
$100 funds
Rents receivèd
Solar panels
Cafe income
Storage ront81
Prlvats lunctlons
Roorn hir8
13.278
9,687
1.574
19,256
1,302
2,256
60,29S
9.167
1,620
1,420
2.751
55,684
Other trading activities
107,648
76.596
Income from Investments
Unr8stricl8d
fijnds
2024
Unr8Stricl8d
fund5
2023
Interest receivable
2.093
611

GL3 COMMUNITY HUB LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Expendltur6 on charStablo actlvltles
Total
2024
Total
2023
Dlm¢t ¢ost8
Staff wsts
InsurJn¢
Light and Heal
Stalionery, posl¥J8 and adv8rts
Repairs & cleaning
Youth dub
Compulgr wftwore
Clganing corllmunity grouplévenls
Cafe stock
Hire of plant & machinery
Travel cosls
Bank Charges
Rates and wal8r
Subscriptions & trainin9
Telephone
66,678
48,625
13.348
1,551
68,735
11,816
2,014
6,578
9.501
1.926
1,000
829
8,780
1,142
17,173
1.108
187
500
1,298
797
1,401
1,264
191,169
91,362
Shar¢ of support and gov&rnanc• ¢osts
Accountancy and legal lees
11,945
5,828
203,114
97.190
Analy$l$ by fund
Unrestricted funds
R8slrl¢lgd funds
131,153
71.961
77,S85
19.e05
203,114
97,190
Suppvrt cpstB allvcat•d to activiti•8
21124
2023
Governance cosls
11,945
5,828
Analysed be￿een.
AcGountanGy and legal fe95
11,945
5,828
TrustBes
None ol Ihe trustees lor any persons connected with themi received any remuneration or b8nefils from the charity
during Ihe ytsar.
10-

GL3 COMMUNITY HUB LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Employees
The 8ver8ge mtsnthly number of employees during the yeer w8S'.
2024
Nutnber
2023
Number
Employmént costs
2024
2023
Wages and $8larles
Other pension costs
65,421
1,2S7
47,TT2
&53
66,678
48.625
There were no &mployees whose annu81 remunerallon was more than £60,000.
10 Investmont property
2024
Fair valu
At 1 Apdl 2023 and 31 March 2024
175,0
11 Debtors
2024
2023
Amounts fallino due within one year..
Tra(Je debtors
4,058
12
Creditor¥'. 4mpunts falling due within on• year
2024
2023
Other taxation and Social security
Trade creditors
Other creditors
A¢Gruals and dgf9rrgd in¢orng
1.280
3,957
575
1,560
1,48fj
575
7.372
4,250
11

GL3 COMMUNITY HUB LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13
R•strlcted funds
The restrieted funds of the therity eornprise the unexpended bal8nces ol donotion$ and 9r8nts held on trust Subjeet to
specific conditions by donori as to how Ihey rnay be used.
At 1 April 2023
Incoming
resour¢6s
Resources
6yp&nded
Al 31 March
2024
Youih Provision
Mgn UP Grant
Roof Replacèment
Warrn Spaee
Community Mattèrs Fuél Poverty
Povety Hurts
6,264
83
14,968
4,850
40,000
500
10,000
1,000
115,5281
14,9331
140,0001
15001
110,0001
11,0001
6,347
71,318
171,9611
5.704
Pr•vlous y•ar'.
At 1 April 2022
Incoming
resources
Resources
expended
Al 31 March
2023
Youth Provision
Man UP Grant
Rgnlshaw Youlh Provlslon
TSC Cale labl6s
GCF Cale tables
Thriving Communllies
S106 monies
Warrn Spac8
2,308
824
500
1.000
TS0
10,000
18.0441
17411
15001
11,0001
17501
17,SOOI
12,0701
11,0001
6.264
83
7,SOO
2,070
1,000
5,382
20,570
119,6051
6,347
14
Unrestricted funds
Th8 unr#stricled lunds uf th8 charity comprise th# un#xpend8d balanctrs ol donations and graDI5 which ara not Subl￿t
lo sp¢cifie ¢ondilions by donors and 9ranl¢r$ as ID they may be used. These In¢lude desi9n8led funds which havè
been Sel aside oul of unreslricled funds by the trustees for specific purposes.
Al 1 April 2023
Incoming
re50urce5
Resources
expended
Gains and
losses
At 31 March
2024
Genaral Fund
RevalUa￿.an Reserve
Fair Value Reserve
Other reserves
146,144
129,2S3
45.707
82,590
112,755
11J1,15Jl
127,746
129,293
45,707
82,59)
403,734
112,755
1131,1531
385,33
12-

GL3 COMMUNITY HUB LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Unr•$tri¢tsd furnd8
Icontinutdl
Prtsvitsus ytsar..
At 1 April 2022
Incoming
resourc8s
Re$our¢es
8xpended
Gain$ 8nd
losses
Al 31 March
2023
General Fund
R¢volutr'on R¢s¢rv¢
Fair Valuè Rèsarv
Other Reserves
146.487
81,274
45,707
82.590
77,242
177,5851
146,144
129,293
45,707
82,5￿]
48.019
356,058
77,242
177,5851
48.019
403,734
15 Anatysls of net assets between fund5
unrgs1ii¢t9d
tunds
Restriclgd
tunds
Tolol
2024
2024
2024
At 31 March 2024:
Invaslmenl prop&rties
Current assets/{Iiabililiesl
175,000
210,336
175.Q)O
216.040
5,704
385,336
5,704
391,fy10
Unrg$lrlctgd
funds
2023
Res¢ri¢led
funds
2023
Tot$1
2023
At 31 Mareh 2023:
Inveslmenl prop&rkn8s
Current assetsllliaL)ililiesl
175.000
228.734
175.CQO
235,(B1
6,347
403,734
6,347
410,081
13-

GL3 COMMUNITY HUB LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15 Analysis of net a8strts betwèèn funds
Icontinutdl
Fatr Vttlue Reserve
This represents the revaluabon of the prDperty in each year.
Dosl9nat•d FuThJs
12 Month Running Costs Contingency.. £100.000- Rèserved lo covèr a full yèar of 0￿ratIng expènsès,
ensuring linancial slabilily in casg of lunding dglays or incrga59(J costs.
Sports Hall & Section 106 Altera￿.On ContirKJency.' £96,000 Set aside lor planned sports hall roof imPTovemenls
and any conlingancios r&lal*d to Sèction 106 build, so wg'r8 proparad for both plannèd and unoxpéctad
infrastruclure n8ed5.
Gonoral Fund Iunrcstrictodl.. £14.336 This floxible fund will help us rnanago oxpoctod cost incroa5es in
2024-25. and thè ants'cipat4d déficit lor Iho 2024-2S accounts. •spécially with rising utility and inflalion-relat8d
expenses.
R•8trictad lunds
N¥tlonal Lott•ry- Youth Provlslon is funding thal is uillised Its fa¢i1rt8le the Youth Club, held èvery Frid8y dLJrSng leim
lirne excluswely. This encomp88ses the costs related lo nialerials. resources, and the ses8ions provided by the
Springbank Convnunily Group, which allocate youth workers lor each session and manages all safeguarding
procodures and poll¢les,
Glou¢est&rshlr• County CoLJn¢S1- Man Up Is a men's m9nl81 heallh group whlch sel up Ihiee ye8r8 ago. Fundlng
15 prooid¥d lo conlribule lowards [narke￿ng, Such a518a11815 and local rnagazine advertisem8nl, training and roDtn hire,
Transfers between funds
Transfers are mede between reslri¢led and tJnrestrl¢led funds 81 the end ol #very accounting rorfod in eases whgr8'.-
il the activity ol the reslricled fund has come to an end and there is an unspent balance that is not repayable to the
funderlsl. when Ihe surplus is Iranslerred lo unrestricted funds., or
ill the restricted fund Is Sn deflclt and has either come to an end or thera Is no prosp8ct of a surplus in a latèr ￿riod,
when the delicil 6 elimin81ed by transfer frorn LJnreslri¢led fund$', or
iiil in(x)me that is received in the restricted fund covers in part some ol the costs in the unrestrioted funds.
16 R•lat•d party tran8actlons
There were no di5closable related party transactions during the year12023- none).
14-

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