Charlty règistration number 1100266 {England and Wales) Company re9lstratlon number 04754607 BROCKWORTH LINK ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
BROCKWORTH LINK LEGAL AND ADMINISTRATIVE INFORMATION TrUstS Miss M Conslantinescu Mr M S Couzens MrAGoodè MrJ F Honey MrA Casey Mrs H R Prosser Mrs N J Walsh Mrs M A C Jennings Mrs V Rock (Appointed 27 M?h 20251 (Resigned 27 March 2Q1251 Secretary Mr M P Nadin Ch•rFty number (England and Wales11100286 Company number 04754607 Registered ofllce Brockwoilh Library Moorfield Road Brockworth Gloucèster Glouceslershire United Klngdom GL3 4EX Independent examiner BK Plus Limited 6 Manor Park Business Centre Mackenxie Way Chellenham Gloucestershire England GL51 9TX
BROCKWORTH LINK CONTENTS Page Truslee8' report Independent examinerfs report Sl?temenl of financial activities Statement of financial pDsilion Notes lo th? financial statements 8-15
BROCKWORTH LINK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR EIVDED 31 MARCH 2025 The Irusle&s present their annual feport and financial slalements for the year ended 31 Mar¢h 2025, The financial slalemenls have been prepared in accordance with the accounting policies sel out in note 1 to the financial slalemenls and comply with the charity's gov@rning document, the Companies Act 2006. FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP Accounting Stid Reporting by Charities.. Slalemenl of Recommendèd PraGlice applicable lo charities preparing their accounts ir* accordance with the Financial Reporting Standard appllcable in the UK 8nd Republic of Ireland IFRS 1021" Objective5 and activities The objedives for which Brockworth Link is established were updated in the thange lo th8 Articles of Association that Was P8ssed on March 2024. The charity is established lo significantly contribute lo the social and economic development of Brockworth by providing a CDmmunily-based library and 8ducalion cenlre, advice and support services for disadvantaged members of the community and a positive meeting pla¢e and support centre for the yoijng peopl8. Ils objectives are.. lal The relief tsf persons resident in the area of benefil in need, hardship and distress InGluding the elderly and the disabled by providing or assisting in the provision of.. (all Advice and information regarding their legal enlilloments particularly Ibul not exclusively) slate benefits, housing consumer mallers and debt and la21 Facilities and services to relieve persons sufferlng from subslanee addlclion together with the families of such persons Ib) The adv8ncemenl of education amongst persons rèsident within the area of benefit Icl Thg advancement of such other charitable purposes in the interests of social welfare as are beneficial lo the community within the area of benefit. The b&nelil area is primarlly the civil parish of Brockworth, the wider county ol Gloucestershire and surrounding areas. Soclal Investmonts In planning Brockworth Link's activities for the year, the Iruslees kept in mind the Charity Commlgsion's guidance on public benefit. The focus of the charity's activities during the year, whi¢h explains the delivery by th& charity of public benefit, is Sel out below under'Achievemenl and performance, and above under 'Objeclives and aclivilies,.
BROCKWORTH LINK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achlevements and performance Significant actiVSties and achievement5 against objectives During 2024-25, the library has maintained ils regular opening hours and continued lo play 8 vital role al the heart ol the Brockworth Gommunily. Our aBtivilios have steadily expanded, particularly in the areas of education and youth engagement. Courses consislenlly receive positive response8, and we actively encourage customer feedback and suggestions lo shape future improvement8. We have remalned commilled lo forwaid-thinking development and havè made tangible progress across several key projects throughout the year. Our youth provision, in particular, has continued lo thrive, with increased participation and extended reach into suriounding areas. Financi311y, w8 have maintained 51abilily and successfully secured multiple grants, allowng us lo delivèr a varlely of V81uable projects, Our day-lo-day operations are managed by our core team of four.. hAonica Constanlinescu (Genera1 Manager), Anne Fuller ILibrary Manager), Maria Mclnlosh (Assislanl Library Managerl and Cha¥lolle Mills (Youth Manager). Some highlights from the year include.. The conllnued success of our Italian language classes, alongside the reinlroduclion of French and Spanish sessions. Our Baby Bounce & Rhyme group remains a popular weekly fixture, attracting parents, grandparents, carer8 and their little ones. Youth provision has seen signlficant growth, with expanded sessions in Brockworth, a we8kly club in Churchdown and p5ans of a new delivery in Coopers Edge. We partnered with the local parish council and church lo host a highly successful Christmas Fayre, uniting the Community lor the second lime In three years. Funding has been received from Brockworth Parish Council. Tewkesbury Borough Council, Gloucestershire County Council and other valued supporters. With support from The National Lollery, we have continued using our CRM system, which provides valuable insight into attendance ancl satisfaction acioss both Brockworth Community Library and Brockworth Link. This has significantly contributed lo our learning and development as a charlly. Financial review Investment pollcy and objectives The Iruslèes continue lo monitor that bank deposi18 provide a reasonable rèlurn for the ¢harily. Resewves policy The Management Gommitlee has examined thè charity's requirements for reserves, in light of th& main risks lo th8 tsrganisalion. 11 has established a policy whereby the unresliicted funds not commilled or invested in tangible fixed assets held by the charity should be equivalent lo six months of projected expenditure. Budgeted revenue expenditure lor 202&26 is in thè order of £80,000, whlch would requlre the Iruslees lo hold a balance of c £40,000 in reserve. The present level of unreslricled reservès availabl& lo the charity is £54.936, which meets the Iruslees, largel. The Management Committee will continue lo keep the budget and performance against budget under review throughout the year, so that the minimum reserves required undèr thè charity's adopted policy are a4ways in hand.
BROCKWORTH LINK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Plans for future peyiods Brockworth Link Iruslees have continued lo oper8t8 in line with our four-year business plan, originally updated before the GOVIO-19 pandemic. We remain ¢ommilled lo turning that vision into reality In August 2024, the business plan committee mel lo review and streamline the plan, making il more accessible and practical for ongoing usè. Trustees are working collaboratively lo refine and update the existing document, ensuring il remains rel&vanl and aligned with our goals. This Is an ongoing proce88, with sections regularly reviewed and revised lo reflect Current piiorilies. The significant housing developments in Brockworth present both opportunities and chal18nges and our planning lakes these future changes into account. Securing sustsinable long-lerm revènue funding remains a key focus as we continue lo grow and strengthen our services, As always, we move forward with a sense of ¢onfiden¢e, commitment and ambilion for the future. structures governance and management The charity is constiluled as a cornpany limited by guarantee and therefore has no share capital. In the event of the company being wound up and the liabilities and winding up expenses being in exces5 Of assets, the liability of oach member is limited lo £1. The charity's governing document is ils Memorandum and Articles of Association dated 19 May 2003 and updated March 2024. The Iruslees. who are also the directors for the purpose of company law, and who served during the year and up lo the dale of signature of the fin8nei81 st81am@nts were.. iss M Conslanlinescu Ilr M S Couzens MrA Goode Mr J F Honèy MrACasey Mrs H R Prosser Mr5 V Rock Mrs N J Walsh Mrs M A C Jtsnnings (Resigned 27 March 20251 (Appointed 27 March 20251 Recruitment and appointment of trustees Details of officers anci advisers are given on page 1 of this report. The power lo appoint new Irusl&es 18 Vested in existing trustees. Organlsallonal structure In accordance with the Articles of AssDcialion, Brockworth Link is directed by an Executive Committee comprising 8 Chair, Vice Chair, Treasurer, Secretary and such other Honorary Officers as the charity shall decide. The Executive Committee meets bi-monthly. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating lo small companies.
BROCKWORTH LINK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 statement of trustees. responslbllltles The Iruslees. who are also the directors of BrockwDrth Link lor the purpose ol company18w, are rÉsponsiblè for preparing the Trustees, Report and the financial slalemenls in a¢cord8nce with applicable law and United Kingdom Accounting Slgndards Iuniled Kingdom Generally Accepted Accounting Praclicel. Company law requires the Iwslees lo prepare financial slalements for each finanGial y&ar which give a true and fair view ol the slate ol affairs ol the charity and of the incoming resources and application of resources. including the income and expenditure, of the charitable company for Ihal year. In preparing these financial slalemenls, the Iruslees are required lo.. select suitable accounting policies and then apply them Gonsistenlly., observe the methods and principles in the Charities SORP., make judgements and estimates that aTe reasonable and prudent., and prepare the financial slalemenls on the going concern basis unless it is inappropriate lo presume that the charity will continue in operation. The Irusleès are responsible for keeping adequate accounting records that disclose wilh re8son8ble accuracy al any lime the financial position of the charity ancl enable them lo ensure that the financial slal&menls comply with the Companies Act 2006. They are also respDnsible for safeguarding the assets of the charity and hence lor taking reasonable steps for the prevenlion and deleclion of fraud and other irregularitses. The Iruslees, report was approved by the Board of Truslees. and signed on ils behalf by.. Trustee 27 August 2025
BROCKWORTH LINK INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BROCKWORTH LINK I report lo the Iruslees on my examinalion of the financial slalemenls ol Brockworth Link Ilhe charity) for the year ended 31 March 2025. Responsibilitie5 and basis of report As the Iruslees of the charity land 81s0 ils directors for the purposes of company lawl, you are responsible for thè preparation of the financial slalemenls in accordance with the requlremenls of the Companies Act 2006. Having satisfied myself that the financial slalemenls of the Charity are not required to be audited under Part 16 01 the Companies Act 2006 and are eligible for independent examination, I report in rÈspecl of my &xamin2lion of th charity'5 financial slalemenls carried out under section 145 of Ihe Charities Act 2011. In Carrying out my examination I have followed the Directions given by the Charity Commission und&r section 14515llbl of the Chariti6s A¢1 2011. Independent examinerfs statement Since Ihe Gharily's gross inGome exGeeded £250,000. the independent examiner musl be a tllember ol a body listed in section 145 of the Charities Act 2011. 1 confirm that l am qualilie(t to undertake the examination because l am a mèmber ol the Institute of Chartered Accounlanls in EnglanLf and INales, which is one of Ihe listed bodies. I have completed my examination. I confirm that no mallers have come lo my allenlion in connection with th examination giving me cause lo believe th81 in any m81eri81 respect.. accounting records were not kept in respect of the charity as reqkJir6cl by section 386 of th& Companies Act 2006. the financial slalemenls do not a¢¢ord with those records., or the Iinancial slalemenls do not comply with the accounting requirements of section 398 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination.. or the financial statements have not been prepared in accordance with the methods and principles of the Slalement of Recommended Pr8clice for accounllng and reporting by charities applicablè lo charities preparing their financial slalemenls in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other mallers in connection with the examination lo which allenlion should be drawn in this report in order lo enable a proper understanding of the financial slalemenls lo be reached. Roger Downes FCA BK Plus Limited Association of Chartered Certified Accountants 6 Manor Park Business Centre Mackenzie Way Chellenham Gloucestershire GL51 9TX England 27 August 2025
BROCKWORTH LINK STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlct•d Re6trlcted fund5 funds 2025 2025 Total Unr95trlct8d R95trlctetl fun41¥ Tot41 2025 2024 2024 2024 Notes Income from: Donations and legacies ChaTilable activities Olhei trading activities 732 732 248,762 14,984 1,196 27,424 15,194 1,196 114,717 16,680 248.762 1,119 87,293 1,486 13,865 Total Income 14.597 249,881 264,478 43,814 88,779 132,593 Expenditure on: Raising funds Charitable acllvlllès 164 30.039 13,751 230,045 13,915 260,084 2.909 44,726 1,637 125,541 4.546 170,267 Total •xpondltur¢ 30,2D3 243,796 273,999 47,635 127,178 174,813 Net Ineomel{expendlture> 115,6061 6,085 19,5211 13,8211 {38,3991 {42,2201 Transfers between funds 19,965 {19,9651 6,762 16,7621 Net movement In funds 4,359 {13,8801 19,5211 2,941 145.1611 {42,2201 Reconciliation of funds" Fund balances a11 April 2024 50,577 183,817 234,394 47,636 228,978 276,614 Fund balances at 31 March 2025 54,936 169,937 224,873 50,577 183,817 234.394
BROCKWORTH LINK STATEMENT OF FINANCIAL POSITION ASAT31 MARCH2025 2025 2024 Notes Fixed assets Tangible assets 129,619 159,729 Currènt assets Deblors Cash al bank and in hand 12 11,079 87,623 11,896 66,053 98,702 77,949 Creditors: •mount$ falling dug wlthln one year q3 13,4481 13,2841 Net current assets 95,254 74,665 Total a55ets less current liabilitlOS 224,873 234,394 The funds of the charity Reslricled Income funds Unreslri¢led funds 15 16 169,937 54,936 183,817 50,577 224,873 234,394 The company is enlilled lo the exemption from the audit requirement conlained in section 477 of thè Companies Act 2006, lor thè ya8r endèd 31 March 2Q25. The directors acknowledge their responsibilities lor complying with the requirements of the Companies Act 2006 with SPect lo accounting records and the preparation of financial stalemenls. The members have not required the company lo obtain an audil of ils financial slalemenls for the year in question in accordance with section 476 These financial slalements have been prepared in accordance with the provisions applicable lo companies subject to the small companies regime. The financial slalements were approved by the Iruslees on 27 August 2025 Mrs N J Walsh Trustèo Company registration number 04754607 IEngland and Wales)
BROCKWORTH LINK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcl8$ Charity informatlon Brockworth Link is a private company limited by guarantee incorporated in England and Wales. The reui51ered office is Brockworth Library, Moorfield Ro8cI, BrockwDrth, Glou¢esler. GlouGeslershire, GL3 4EX. United Kingdom. 1.1 Accountlng ¢onvgntlon The financial slalemenls have been prepared in accordance with the charity's governing document, fhe Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic ol Ireland and Ihe Charities SORP "Accounling and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland (FRS 1021" The charily is a Public Benefit Enlily as delined by FRS 102. The financial slalemenls are Prepared in sterling, which 15 the lun¢lional currency of the charity. Monetary amounts in these financial $18lemènls are roundecl lo the nearest £. The financial slalemenls have been prepared under the historical cost CDnvenlion. The pr*ncipal accounting policies adopted are sel out below. 1.2 Going conc•rn Al the lime of approwng the fi'nancial statement5, the trustees have a reasonable expectation that the charity has adequate resources lo cc>ntinue in operational existence for the foreseeable future. Thus the trustees continue lo adopt the going concem basis ol accounting in preparing the lin8nci81 slalemenls. 1.3 Charltable funds Unreslricled funds can be used in accordance with the charitable objectives at th8 discrelitsn of thè twslees. Reslricled funds can only be used for particular reslricled purposes within the objects of the charity. Reslriclions arise when specified by the donor or when f4Jnds are ra18ed for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in th@ notes lo the financial slalemenls. All income 18 recognised In the Slalemenl of Financial Activities once the chgrily has enlillemenl lo the funds. il is probable that the income will bè received and the amount can be measured reliably. Grant income is recognised on receipt unless there is a future obligation lo deliver services against that income. in which case il is recognised when those services are delivered, All other incomels Tecognised on receipt. 1.5 Expendlture Liabilities are recognisec¢ as expenditure as soon as there is a legal or conslruclive obligation commilling the charity lo that expenditure, it is probable that a transfer of economic benèfits will be required in selllemenl and the amount of the oblig81ion Can be measured reliably. Expenditure is accounted for on an accruals basis and has been classilied under headings that aggregate all cost related lo the category. Where costs cannot be directly allribuled lo particular hoadings they have been allocated lo activities on a basis consislenl with the use DI resources. 1.6 Tangible fixed assets Tangible fixed assets are initially measured al cost and subsequently measufed al c051 or valuation. nel ol depreciation and any impairmènt losses.
BROCKWORTH LINK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Contlnuedl Depreciation is iecognised SD as lo write off the cost or valuation ol assets les5 their residual values over Ihelr useful lives on the following bases.. Leasehold improvement Computers 100/0 on cost 25010 on cost 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 re¢ognisÈd in the slalernenl ol financial aclivilies. 1.7 Retlrement benefits The charitable Gompany operates a defined contribution pension scheme. Contributions payable lo Ihè charitable company's pension scheme are charged ID the Slalemenl of Financial Aclivilies in the period lo which they relate. Income from donatlons and lega¢le$ Unyestrlcted funds 2024 funds 2025 Donations 732 1,196 Income from charitable activities Unrestrlctgd Restricted lund8 funds 2025 Total Unrostrictgd Rpstri¢tèd funds funds Total 2025 2025 2024 2024 2024 Grants 248,762 248,762 27,424 87,293 114,717
BROCKWORTH LINK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from charitable activities (Continued) P•rformanee rèlated grants analysis Total 2025 Total 2024 Enovert Foundation Big Lollery Fund GlouceslÉrshire County CDuncil Brockworth Parish Council Awards ForAII National Highways National Benevolent Charity Tewkesbury Borough Council GL3 Community Hub The Foyle Foundation Garfield Foundation Gloucestershire Community Foundation Sovereign Network Group Forest Voluntary Action Forum Gloucestershire Disability Fund Rotary Trust HuccleBole Parish Council Skiplon Building SoGiely Co-op LDC31 Community Fund 50,000 28.520 43.578 43,980 20,000 14.253 10.000 9.316 8.750 8.000 5,000 2.500 2,000 1,497 619 499 250 27,424 14,573 43,825 10,000 3,540 8.105 5,000 500 500 750 500 248,762 114,717 Income from othey tyading actiVFties Unrestrlcted Restrlcted funds funds Totql Unrestrlcted Rpstrlcted funds funds Total 2025 2025 2025 2024 2024 2024 Course fees Other income 5,097 8,768 5,097 9,887 4,Q77 11,117 4,077 12,603 1,119 1,486 Other trading activities 13,865 1,119 14,984 15,194 1,486 16,680 Expendlture on ralslng funds Unrtystricted Rèytricted funds funds Total Unyestrlcted Re8trlct•d Total lunds funds 2025 2025 2025 2024 2024 2024 Purchases 164 13,761 13,915 2,909 7,637 4,546 10-
BROCKWORTH LINK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable activitlos Total 2025 Total 2024 Dlrect C05tS Staff costs Depreciation Rent, rates and utilities Insurance Telephone Slalionery, postage & supplies Sundries Conlracled services Maintenance & repairs Bank charg68 Equipment purchase & hire IT & website Youth activities Licences and subscriptions 99,940 30,110 7,374 1,510 1,417 327 347 8,538 92,938 94,904 30,299 7,387 1,312 3,042 786 1,257 7,247 7,812 18 605 248 11,352 2,557 953 288 11.548 3,490 258,780 168,828 Share of support and yovernance costs (see note 71 Governance 1,304 1,441 260,084 170,267 Analysis by fund Unreslricled funds Reslricled funds 30,039 230,045 44,726 125,541 260,084 17D,267 Support ¢ost$ allocated to aetlvltl•s 2025 2024 Goveman¢e costs 1,304 1,441 Analysed between: Accountancy fees 1.304 1,441
BROCKWORTH LINK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Trustees None of the Irusla8s lor any persons connected with Iheml received any remuneration gr benefits from the ¢harily during the year. Tryst•es' expènses There were no Iruslees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. Employees The average monthly numbèr of 6mploy&&s during the year was.. 2025 Number 2024 Number 10 10 Employment ¢osts 2025 2024 Wages and salaries Social secLJrily costs Other pension costs 96,608 1,633 1.699 92,243 1,084 1,577 99,940 94,904 There were no èmployèes whose snnual remunerallon was more than £60,000. 10 Taxatlon The charity is exempl from laxalion on ils activities because all ils income is applied for chari18ble purposes. 12.
BROCKWORTH LINK NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Tangiblo flxed #s5ets Leasehold Computers Improvoment Total Cost Al 1 April 2024 256,116 47.438 303,554 Al 31 March 2025 256,116 47,438 303,554 Depreciatlon and Impalrment Al 1 April 2024 Depreciation Charged in the year 100.885 25,612 42,940 4,498 143,825 30,1fj0 Al 31 March 2025 126,497 47,438 173,935 Carryin9 amount At 31 March 2025 129.619 129,619 Al 31 March 2024 155,231 4,498 159,729 12 Debtors 2025 2024 Amounts falling due within one year: Accrued income Prepayments 10,683 396 11,578 318 11.079 11,896 13 Creditors: amounts falling due within one year 2025 2024 Other laxalioTr and social security Other credilois Accrued expendiluro 1.758 405 1,285 1,683 396 1,205 3,448 3,284 14 Se¢ur•d debts Tewkesbury Borough Council has a legal charge over the leasehold property that the chaiily occupies lor its aclivilies. 13-
BROCKWORTH LINK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Restricted funds The restricted funds of the charity comprise the unexpendect balances of donations and grants held on trust subj&cl lo specific conditions by donors as lo how they may be used. At l April 2024 Incoming Resources Yèsour¢es expended Transfers At 31 March 2025 Youth Services Capital Equipment Library Servicès IT Classes Roof repair 5.LlOO 170,207 7,360 1,250 55,114 166.8731 124,2851 166,5881 11,2501 184,8001 11,509 4,750 145,922 11,285 101.987 131.4741 92.780 7,980 183,817 249.881 1243,7961 119,9651 169,937 Pr•vious year". At 1 Aprll 2023 Incoming Rosources resources expended Transfers At 31 March 2024 Youth Services Capi181 Equipment Library Services IT Classes 11,762 194,492 21,474 1,250 62,615 162,615) 124,285) (40,2781 16.7621 5,000 170.207 7,360 1,250 26,164 228,978 88,779 {127,178) 16,7621 183,817 Detalls of Restri¢tod Funds Youth Servlces Funding for staff ¢osls and expenses lor Brockwc>rth Youth Club (known as B-Epic and run under the umbrella of Brockworth Link), othe¥ youth aclwilies and offsite events. Capltal Equipment ~ Fun(ling lor library improvements, IT equipment and expenditure on the library roof. Assets purchased with this funding ale either capilalised as fixed assets and the subsequent depreciation charged 8g8insl this fund or charged direct against the fund where the expenditure is nDI capilalised. Library Servi¢es - Funding for operational costs lo provide local community library senfices, including an IT suite for public use, and for extended library opening hours. IT Classes - Funding for basic IT classes for the local communily. Roof repair - During the year, thè charity undertook a major roof repair project, which was essential due lo several persislenl leaks within the building. The works involved the removal ol the existing flat roof layers, followed by the in51allalion of insulation and the application of a new mineral felt membrane. This necessary Investment has ensured the building Is watertight, energy efficient and fil for purpose, safeguarding the space for ongoing community use. 14
BROCKWORTH LINK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Unrestricted funds The unreslricled lunds of the charity comprise the unèxpended balanceg of don81ions and grants which are not subject lo specific conditions by donors and grantors as lo how they may be used. These in¢lud@ designated funds which have b8&n set aside out of unrestricted funds by the Iiuslees loi specific purposes. At 1 April Incomlng Resources 2024 resources expènd•d Transfers At 31 March 2025 General funds 50.577 14,597 130,2031 19,965 54,936 Previous year: At 1 April 2023 Incomlng Resources resourcas oxpended TransfeTS At 31 Mareh 2024 General lunds 47.636 43,814 147,6351 6,762 50,577 17 Transfer5 betwg•n funds Transfers are made between reslricled and un¥eslricled funds 81 tha @nd of evary accounting period in cases where'.- il the activity of the reslricterl fund has come lo an end and there is an unspent balance that is not repayable lo the funder{sl, when the surplus is transferred lo unreslricled funds,, and ill the reslricled fund is in deficit and has either come lo an end or there is no pr05pecl of a surplus in a later period, when the deficit is eliminated by transfer from unrestricted funds. 18 Contln9ent Ilabllltles Various funders retain the right to claw back grants should the use of the funds not be in accordance with the terms of the grant. In the opinion of the Iruslees no such liability exis15 al the year-end. 19 Related party transactions Ther8 were no disclosable related party transactions during the year12024- none). 15-