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2025-09-30-accounts

Charity Registration No. 1084817

Company Registration No. 3852249 (England and Wales)

FUTURE REGENERATION OF GRANGETOWN

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

For the year ended 30[th] September 2025

FUTURE REGENERATION OF GRANGETOWN

LEGAL & ADMINISTRATIVE INFORMATION

Trustees Mr A Pearson
Mr J L Murgatroyd
Mr R N Grant
Mrs A McGee
Miss S Wilkinson
Charity number 1084817
Company number 3852249
Registered office The Grangetown United Community Hub
Derwentwater Road
Grangetown
Middlesbrough
TS6 7PY
Independent examiner Draycott & Kirk LLP
92 Westgate
Guisborough
TS14 6AP
Bankers HSBC
60 Albert Road
Middlesbrough
TS1 1RS

1

FUTURE REGENERATION OF GRANGETOWN

CONTENTS

Trustees’ report page 3 to 9
Independent examiner’s report page 10
Statement of financial activities page 11
Balance sheet page 12
Notes to the financial statements page 13 to 23

2

FUTURE REGENERATION OF GRANGETOWN

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 30[th] SEPTEMBER 2025

The trustees, who are also the directors of Future Regeneration of Grangetown for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

3

FUTURE REGENERATION OF GRANGETOWN

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 30[th] SEPTEMBER 2025

The trustees present their report and financial statements for the year ended 30[th] September 2025.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1[st] January 2016).

Objectives and activities

The charity’s objects are to support any charitable purpose for the benefit of the economically and socially disadvantaged are known as Grangetown.

The policies adopted in furtherance of these objects include:

There has been no change in these during the year.

The trustees have paid due regard to the Charity Commission’s guidance on public benefit in deciding what activities the charity should undertake.

4

FUTURE REGENERATION OF GRANGETOWN

TRUSTEES’ REPORT

FOR THE YEAR ENDED 30[th] SEPTEMBER 2025

Achievements and performance

It has been another busy and exciting year for FROG. We cannot underestimate the impact our services and activities has on the lives of the community of Grangetown.

We would like to take this opportunity to thank all our partners, funders, our board of Trustees, volunteers and dedicated staff. Without all of you, none of this would be possible.

We would also like to thank all the people who access the community hub for support, to socialise and to take part in the activities we provide.

FROG Community Transport

This year has seen a lot of changes to the transport contract with North East Ambulance Service accepting a tender bid from FSNE to deliver the main Patient Transport Contract and to subcontract to smaller providers like FROG. This was effective from 1[st] April 2025.

To ensure we were in a position to continue the contract, and to safeguard the 5 jobs reliant on it, the Community Enterprise Manager worked closely with LARCH to access funding for 3 new vehicles. LARCH kindly agreed to provide funding totalling £44000 to enable the purchase of the 3 vehicles.

Of the total £44000, 40% (£17494) was grant funding and the other 60% (£26506) was a loan repayable over 4 years. The repayments for the loans are £706.50 per month; the loans were approved by the board on the basis that the Co-op loan, costing £1083.33 per month, was due to end in March 2026.

Community Advice Link Worker

The Community Link worker continues to make a real difference to people’s lives, many of whom have a wide range of complex issues. Clients have come from across Redcar & Cleveland and their needs, and the assistance they require, has been both challenging and diverse in nature.

460 people have been supported, which is a sizeable increase on the previous year. One of the reasons for this increase in numbers is the rise in requests for assistance with gas and electricity vouchers and food bank referrals. The project has supplied food vouchers totalling £740 and issued fuel vouchers to the value of £3,800. The continually rising cost of essentials means people are finding it even more difficult to feed both themselves and their family.

Roughly half of the people we meet need help with accessing benefits or completing application forms. PIP applications form the largest part of the work undertaken and, to date, the project has successfully achieved just over £1,143,889 for clients through PIP applications alone.

Attendance Allowance applications are also higher than last year, and the project has successfully brought in £838,832. The difference this allowance makes to the quality of life of the pensioners we work with is immeasurable. The feeling of isolation they previously experiences is partially removed; they are able to choose to go to social events and not have to rely on family/friends for transport. The allowance helps give some of their independence back and an overall feeling of well-being.

The total amount accessed overall for clients throughout Redcar & Cleveland was £2,115,832

5

FUTURE REGENERATION OF GRANGETOWN

TRUSTEES’ REPORT

FOR THE YEAR ENDED 30[th] SEPTEMBER 2025

Grangetown Amateur Boxing Club

In 2022 we extended the Grangetown United Community Hub to include a boxing club. The club has continued to grow every year since and we now have over 60 attendees from age 6yrs upwards. There are 3 sessions after school 5pm to 8pm and weekend for boxers competing.

The club is accessible to people of all skill levels from beginners looking for fitness, to advanced athletes looking for more competitive opportunities.

We have boxers now affiliated with England Boxing and competing all over the country on behalf of Tyne Tees & Wear, and we have hosted another boxing show in which 12 of our boxers competed against various other local clubs as well as a selective few boxers competing in the national development championships.

Due to the increased numbers of children and young people attending, and the need to provide fitness opportunities for the wider community such as men’s mental health fitness and social sessions, the Community Enterprise Manager has worked with Recovery Connections Addiction Services to submit numerous applications for further funding to extend the current boxing club.

In August 2025 we were successful in securing £105k capital funding for the building extension and an additional £8k from Grass Roots Sport Fund to provide additional fitness equipment to maximise use of the additional space

Other Community Hub services and activities

This year, we have welcomed up to 10,000 people of all ages/gender/ethnicity/ability to have access to various events and activities.

These include craft sessions, bingo, Easter event, Halloween event, Christmas event, boxing, keep fit, dance competitions, celebration events to name a few.

Our amazing play village continues to have walk-in sessions but is now also used regularly by childminder groups. In August 2025, we received funding via Tees Valley Community Foundation – Young Mams Project – to provide a free playgroup which were held on a Thursday morning from November 2025 until May 2026.

Lots of community groups have free access to meet in the Café area, such as the Women’s Group every Tuesday, Bingo every Wednesday, Next Stop Shop on a Monday and Thursday, and Recovery Connections Addiction Service.

We also host the Health and Wellbeing network with up to 40 support partners attending.

Every year, we support local primary schools to showcase the talents of children who love to use our large events space and stage to perform amazing shows such as Queen and Abba tributes. Local secondary schools us the space for careers advice/training as well as participating in interviews carried out by local employers.

We might not be able to solve everything, but we do work hard to make a significant difference to many people’s lives.

6

FUTURE REGENERATION OF GRANGETOWN

TRUSTEES’ REPORT

FOR THE YEAR ENDED 30[th] SEPTEMBER 2025

Sustainability of the Community Hub

Key to the sustainability of FROG will be to ensure the Community Enterprise Manager can increase trading and rental activity.

We need to continue to look at how we can reduce our costs, secure contracts, and fully utilise our assets. Like many businesses, we have seen a rise in utility costs. We have worked with a trusted broker to reduce these costs; however, they are still a high percentage of our running costs.

Despite reconfiguring the community hub, we still believe the one service that should be based here is a dedicated training and employment space.

We currently have 5 units which provide rental income; one of which has become vacant.

Community engagement with local residents and recent data clearly identifies a need for quality space to deliver education, training and employment opportunities.

The Community Enterprise Manager has submitted a bid to Impetus to transform the empty unit into a modern café style training and employment advice hub.

We also aspire to providing a dedicated sensory room to enhance the play village and outdoor play area. This will be looked at over the coming months.

These plans will provide further, much needed support to the community and will also contribute to the rental income needed to help sustain the community hub and organisation and so help to reduce the reliance on grant funding,

7

FUTURE REGENERATION OF GRANGETOWN

TRUSTEES’ REPORT

FOR THE YEAR ENDED 30[th] SEPTEMBER 2025

Financial review

The results for the year and the charity’s final position at the end of the year are shown in the attached financial statements.

It is the policy of the charity that unrestricted funds, which have not been designated for a specific use, should be maintained at a level equivalent to between three and six months expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The trustees recognise the importance of maintaining reserves to set against unforeseen circumstances and, at present, the board considers an appropriate level to be £150000. The trustees recognise their responsibilities in respect of potential payments for items such as redundancies and other legislative requirements and will allocate and apply reserves as necessary to meet such obligations. Of the total unrestricted reserves at the year-end of £1,770,424, £1,583,022 is represented by capital items giving free reserves of £187,402.

The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. The trustees recognise the importance of this function and have put in place all the relevant policies. Budgets and forecasts are prepared on a regular basis, and these are regularly reviewed and measured against performance to minimise exposure to risk and allow tight control over expenditure.

The organisation has recently reviewed its insurance risks, public and employee liability, and has adjusted the level of cover as appropriate.

Any expenses paid to volunteers would merely be reimbursement of sums expended by them.

The assets of the charity include properties, vehicles, small machinery and office equipment, which are held by the charity to provide facilities to enable it to make and implement plans in the furtherance of its objectives. The charity, which is substantially dependent on grants, is increasing its levels of earned income and is embracing the principles of social enterprise. The trustees believe this approach will continue to help create long term sustainability.

The trustees would once again like to express their thanks to our partners, funders, our Board of Trustees, our volunteers, and our staff, as without all their help and support, FROG could not continue to provide the much-needed activities and services to the residents of Grangetown and the surrounding areas.

We also thank the local community for supporting the events and activities at The Hub so helping to sustain FROG’s long-term future in the community it is here for.

8

FUTURE REGENERATION OF GRANGETOWN

TRUSTEES’ REPORT

FOR THE YEAR ENDED 30[th] SEPTEMBER 2025

Structure, governance, and management

The charity was incorporated on 1[st] October 1999, as a company limited by guarantee, to promote the Future Regeneration of Grangetown. The company took over the work of the Future Regeneration of Grangetown on 1[st] April 2000.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr A Pearson

Mr J L Murgatroyd Mr R N Grant Mrs A McGee Miss S Wilkinson

None of the trustees has any beneficial interest in the company. All the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The number of trustees shall not be less than three but shall not be subject to any maximum number. The trustees’ powers are governed by the Articles of Association and financial controls require the signature of at least two trustees on any cheque or legally binding document in the execution of their duties.

Trustees’ meetings are held, and resolutions are passed by the majority vote. In the case of an equality of votes, the chairman has a second casting vote. Such resolutions passed are binding on all the trustees if the meeting is duly convened and attended by a quorum of one third of their number or two trustees, whichever is the greater.

Minutes of the trustees’ meetings and true records of financial activities are required to be kept by the Articles of Association. The trustees have power to invest any income or capital of the charity, and to raise loans, in furtherance of the objects of the charity.

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

Mr A Pearson Trustee Dated:

9

FUTURE REGENERATION OF GRANGETOWN

INDEPENDENT EXAMINER’S REPORT

TO THE TRUSTEES OF FUTURE REGENERATION OF GRANGETOWN

We report on the accounts of the company for the year ended 30th September 2025 which are set out on pages 10 to 23.

Respective responsibilities of trustees and examiner

The charity’s trustees, who are also the directors of Future Regeneration of Grangetown for the purposes of company law, are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The Charity’s gross income exceeded £250,000 and we are qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants.

Having satisfied ourselves that the Charity is not subject to audit under company law and is eligible for independent examination, it is our responsibility to:

Basis of independent examiner’s report

Our examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’, and the report is limited to those matters set out in the next statement.

Independent examiner’s statement

In connection with our examination, no matter has come to our attention:

Draycott & Kirk LLP

92 Westgate Guisborough TS14 6AP

Dated:

10

FUTURE REGENERATION OF GRANGETOWN

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30th SEPTEMBER 2025

----- Start of picture text -----
Unrestricted Restricted Total Total
funds funds
2025 2025 2025 2024
Notes £ £ £ £
Income from:
Donations and legacies 350 - 350 -
Charitable activities 3 345,958 84,029 429,987 523,612
Other income 4 - - - -
Total income 346,308 84,029 430,337 523,612
Expenditure on:
Charitable activities 5 (378,591) (86,087) (464,678) (501,226)
Net (outgoing)/incoming
resources before transfers (32,283) (2,058) (34,341) 22,386
Gross transfers between funds (6,314) 6,314 - -
Net income/(expenditure) for the
year / Net movement in funds (38,597) 4,256 (34,341) 22,386
Fund balances at 1st October 2024 1,809,021 65,904 1,874,925 1,852,539
Fund balances at 30th September 2025 1,770,424 70,160 1,840,584 1,874,925
----- End of picture text -----

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

11

FUTURE REGENERATION OF GRANGETOWN

BALANCE SHEET AS AT 30[th] SEPTEMBER 2025

Notes
Fixed assets
Tangible assets
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due
within one year
12
Net current assets
Total assets less current liabilities
Creditors: amounts falling due
after more than one year
13
Net assets
Income funds
Restricted funds
14
Unrestricted funds-general
14
Designated funds
General unrestricted funds		 £
£
£
£
1,583,022
1,616,599
111,077
206,917
195,951
157,139
307,028
364,056
(35,912)
(102,480)
271,116
261,576
1,854,138
1,878,175
(13,554)
(3,250)
1,840,584
1,874,925
70,160
65,904
1,380,723
1,416,515
389,701
392,506
1,770,424
1,809,021
1,840,584
1,874,925
2025
2024

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30[th] September 2025.

The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements. So far as applicable to the company.

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

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The financial statements were approved by the Trustees on

Mr A Pearson Trustee Company Registration No. 3852249

12

FUTURE REGENERATION OF GRANGETOWN

NOTES TO THE FINANCIAL STATEMENTS - FOR THE YEAR ENDED 30[TH] SEPTEMBER 2025

1. Accounting policies

Charity information

Future Regeneration of Grangetown is a private company limited by guarantee incorporated in England and Wales. The registered office is The Grangetown United Community Hub, Derwentwater Road, Grangetown, Middlesbrough, TS6 7PY.

Accounting convention

The accounts have been prepared in accordance with the charity’s governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

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.

Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

13

FUTURE REGENERATION OF GRANGETOWN

NOTES TO THE FINANCIAL STATEMENTS - FOR THE YEAR ENDED 30[TH] SEPTEMBER 2025

1. Accounting policies

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 the 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. Any income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Grants receivable are shown gross and are recognised in the SOFA to the extent that they relate to the period up to the year end. Where funding has been given for a period that spans the year end, the amount that relates to the following period is deferred and carried forward.

Expenditure

All expenditure is accounted for on an accruals basis and has been classified under the headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with use of the resources.

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:

Freehold land and buildings 50 years straight line
Furniture and equipment 4 years straight line
Fixtures and fittings 4 years straight line
Computers 4 years straight line
Motor vehicles 4 years straight line

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 net income/(expenditure) for the year.

14

FUTURE REGENERATION OF GRANGETOWN

NOTES TO THE FINANCIAL STATEMENTS - FOR THE YEAR ENDED 30[TH] SEPTEMBER 2025

1. Accounting policies

Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that these 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).

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.

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 bases 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.

15

FUTURE REGENERATION OF GRANGETOWN

NOTES TO THE FINANCIAL STATEMENTS – FOR THE YEAR ENDED 30[TH] SEPTEMBER 2025

1. Accounting policies

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.

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.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2. Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

16

FUTURE REGENERATION OF GRANGETOWN

NOTES TO THE FINANCIAL STATEMENTS - FOR THE YEAR ENDED 30[TH] SEPTEMBER 2025

3. Income from charitable activities

Catering, bar and functions
Community Transport
Grants - see below
Rental income
For the year ended 30th September 2024
Unrestricted funds - general
Restricted funds
Grants
Big Lottery
Virgin Money Foundation
Redcar and Cleveland BC
TVRA - Good Neighbours
Mercers Charitable Foundation
TVCF
Ballinger Trust
Puebla Charitable Trust
Beyond Housing
MFC Foundation
Million Dollar Round Table Foundation
The Key Fund		 Unrestricted
funds
2025
£
28,765
244,627
32,693
39,873
345,958		 Restricted
funds
2025
£
-
-
84,029
-
84,029		 Total
2025
£
28,765
244,627
116,722
39,873
429,987
44,804
-
1,723
9,225
30,000
15,470
10,000
5,000
500
-
-
-
116,722		 Total
2024
£
35,155
257,265
198,557
32,635
523,612
441,005
82,607
523,612
71,760
10,000.00
41,464
-
31,500
25,084
10,000.00
-
-
1,980.00
769.00
6,000.00
198,557

Grant funding of £11928 was received in September 2025, and a further £5566 in November 2025, from Larch / Key Fund. This was provided to enable the purchase of 3 new patient transport vehicles - two in September 2025, and a third one in November 2025.

This grant funding has been deferred and will be released to profit and loss account over the useful life of the assets.

17

FUTURE REGENERATION OF GRANGETOWN

NOTES TO THE FINANCIAL STATEMENTS - FOR THE YEAR ENDED 30[TH] SEPTEMBER 2025

4. Other income

----- Start of picture text -----
Unrestricted Restricted Total Total
funds funds
2025 2025 2025 2024
£ £ £ £
Other income - - - -
- - - -
----- End of picture text -----

5. Expenditure on charitable activities

Grants paid
Staff costs
Catering, bar and function costs
Accountancy, legal and professional fees
Materials, small equipment and events
Licences and subscriptions
Repairs, maintenance and security
Transport costs
Insurance
Utilities
Printing. Postage, stationery and advertising
Computer and IT costs
Telephone and internet
Other costs
Financing costs
Depreciation and impairment
Loss on disposal of vehicle
For the year ended 30th September 2024
Unrestricted funds - general
Restricted funds		 Unrestricted
funds
2025
£
1,619
190,692
10,134
11,332
6,788
773
4,587
65,602
5,463
20,736
2,287
3,712
4,911
2,476
1,810
44,488
1,181
378,591		 Restricted
funds
2025
£
-
78,489
-
6,314
1,284
-
-
-
-
-
-
-
-
-
-
-
-
86,087		 Total
2025
£
1,619
269,181
10,134
17,646
8,072
773
4,587
65,602
5,463
20,736
2,287
3,712
4,911
2,476
1,810
44,488
1,181
464,678		 Total
2024
£
-
267,092
14,470
11,221
9,795
666
30,903
66,318
6,525
27,681
1,865
3,063
4,767
6,089
1,580
49,191
501,226
418,360
82,866
501,226

18

FUTURE REGENERATION OF GRANGETOWN

NOTES TO THE FINANCIAL STATEMENTS - FOR THE YEAR ENDED 30[th] SEPTEMBER 2025

6. Trustees

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

7. Employees

Number of employees

The average monthly number of employee during the year was:

Management and administration
Charitable activities
Employment costs
Wages and salaries
Social security costs
Other pension costs
Other payroll related costs		 2025
2024
No
No
2
2
10
11
12
13
2025
2024
£
£
239,734
235,775
12,324
13,022
13,821
14,677
3,302
3,618
269,181
267,092

There are no employees who received total employee benefits of more than £60000.

8. Pension funding

Employees of this organisation may participate in the NEST pension scheme.

19

FUTURE REGENERATION OF GRANGETOWN

NOTES TO THE FINANCIAL STATEMENTS - FOR THE YEAR ENDED 30[TH] SEPTEMBER 2025

9. Tangible fixed assets

Cost
At 1st October 2024
Additions
Disposals
At 30th September 2025
Depreciation and impairment
At 1st October 2024
Disposals
Depreciation charged in the year
At 30th September 2025
Carrying amount
At 30th September 2025
At 30th September 2024		 Freehold
land &
buildings
£
1,795,909
-
(6,313)
1,789,596
204,970
-
35,792
240,762
1,548,834
1,590,939		 Fixtures,
fittings &
£
26,672
-
-
26,672
26,574
-
98
26,672
-
98		 Furniture &
equipment
£
57,629
-
-
57,629
57,590
-
39
57,629
-
39		 Computers
£
3,133
-
-
3,133
2,262
-
291
2,553
580
871		 Motor
vehicles
Total
£
£
65,497
1,948,840
22,072
22,072
(28,424)
(34,737)
59,145
1,936,175
40,845
332,241
(23,576)
(23,576)
8,268
44,488
25,537
353,153
33,608
1,583,022
24,652
1,616,599

10. Debtors

----- Start of picture text -----
2025 2024
Amounts falling due within one year: £ £
Trade debtors 94,613 184,022
Other debtors 6,149 3,308
Prepayments and accrued income 10,315 19,587
111,077 206,917
----- End of picture text -----

20

FUTURE REGENERATION OF GRANGETOWN

NOTES TO THE FINANCIAL STATEMENTS - FOR THE YEAR ENDED 30[TH] SEPTEMBER 2025

11. Loans and overdrafts

----- Start of picture text -----
2025 2024
£ £
Other loans 30,022 25,042
Payable within 1 year 16,468 21,792
Payable after one year 13,554 3,250
Amounts included above which fall due after five years:
- -
Payable by installments
The long term loans are unsecured.
An unsecured loan of £50000 was received on 8.4.2019 from the Co-op Foundation.
The loan is repayable from 15.5.2021, as a payment holiday of 1 year was granted.
This was extended by a further year following the Coronavirus outbreak.
A sum of £11000 was repayable in year 1 and £13000 pa for the following years.
The loan will be fully settled by 31st March 2026.
No interest is due on the loan.
A sum of £10000 (plus a £250 admin fee) was received on 21.5.2019 from Molson Coors Brewing Company (UK) Limited.
This is to be 'earned out' over a 3 year period beginning 20.5.2019 by a 'Minimum Volume Agreement'.
Due to the Coronavirus outbreak, the 'earn out' period was extended.
The loan was fully settled by a lump sum payment of £6534 in October 2025.
No interest is due on the loan.
----- End of picture text -----

12. Creditors: amounts falling due within one year

Amounts falling due within one year:
Borrowings
Trade creditors
Other creditors
Accruals and deferred income		 2025
2024
£
£
16,469
21,792
5,984
64,713
8,951
10,998
4,508
4,977
35,912
102,480

21

FUTURE REGENERATION OF GRANGETOWN

NOTES TO THE FINANCIAL STATEMENTS - FOR THE YEAR ENDED 30[TH] SEPTEMBER 2025

13. Creditors: amounts falling due after more than one year

----- Start of picture text -----
2025 2024
Amounts falling due after more than one year: £ £
Borrowings 13,554 3,250
13,554 3,250
----- End of picture text -----

14. Movement of funds

Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Grant Holding
Health, Wealth & Happiness
Grangetown United Hub
Boxing Club		 Balance at
1.10.24
£
742
65,162
-
-
65,904		 Incoming
resources
£
-
84,029
-
-
84,029		 Resources
expended
£
-
(79,773)
-
(6,314)
(86,087)		 Transfers
Balance at
30.9.25
Total
£
£
-
742
-
69,418
-
-
6,314
-
6,314
70,160

Grant Holding is monies received to be used only on specific, small projects.

Health, Wealth & Happiness is funding received from Big Lottery. The project is fully described in the Trustees Report

Unrestricted funds

The unrestricted income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the Trustees for specific purposes:

General funds
GTU - Capital Asset Fund		 Balance at
1.10.24
£
392,506
1,416,515
1,809,021		 Incoming
resources
£
346,308
-
346,308		 Resources
expended
£
(378,591)
-
(378,591)		 Transfers
Balance at
30.9.25
Total
£
£
29,478
389,701
(35,792)
1,380,723
(6,314)
1,770,424

22

FUTURE REGENERATION OF GRANGETOWN

NOTES TO THE FINANCIAL STATEMENTS - FOR THE YEAR ENDED 30[TH] SEPTEMBER 2025

15. Analysis of net assets between funds

Fund balances at 30th September 2025 are
represented by:
Tangible assets
Current assets/(liabilities)
Long term liabilities
Fund balances at 30th September 2024 are
represented by:
Tangible assets
Current assets/(liabilities)
Long term liabilities		 Unrestricted
funds
2025
£
1,583,022
200,956
(13,554)
1,770,424
Unrestricted
funds
2024
£
1,616,599
195,672
(3,250)
1,809,021		 Restricted
Total
funds
2025
2025
£
£
-
1,583,022
70,160
271,116
-
(13,554)
70,160
1,840,584
Restricted
Total
funds
2024
2024
£
£
-
1,616,599
65,904
261,576
-
(3,250)
65,904
1,874,925

17. Related part transactions

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

Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2025 2024
£ £
Aggregate compensation 32,187 34,754

23