2025-03-31-accounts

REGISTERED COMPANY NUMBER: 05230659 (England and Wales) REGISTERED CHARITY NUMBER: 1106209 ort the Tn]ste and Audited Financial Ststements for the Year Ended 31 March 2025 for North rceslers Baseme Limited Limited b Guarantee tPr ecls Acom an Curo Professional Services Lid, Statutory Auditors Curo House Greenbox Westonhall Road Broinsgrove WoTcestershire B60 4AL

North Worcestershire Basement Pro ecls Limited Contents of the Financial Statements for tlie Year Ei)ded 31 March 2025 Page Reference and Administrative Details Report of the Trustees Report of the Independeiil Auditors Statement of Finanoial Activilies io Balance Sheet Notes to the Financial Siatemeiit5 12 to 28 Delailed Statement of Financial Aclivilies 29 to 30

Noith Worcestershire Basement Pro e¢ts Limit rence am Ininistrative Delails for the Year Ended 31 March 2025 TRUSTEES MTS S Nunnerley (resigned 24.6.24) Mrs J Spencer D L Morgan, Chair Mrs M A Sherrey (resigned 24.6.24) RNHood J Hanson (resigned 22.4.24) J Morris A Deakin C R Pennell K Squire8 P TNeinan M5 S V Bapal (appointed 24.6.24) A Gwillam (appointed 24.6.24) Ms S Hindle Smith (appointed 24.6.24) Ms S L Preece (appointed 24.6.24) REGISTERED OFFICE Hanover House l Hanover Street Bromsgrove Worcestershire B617JH REGISTERED COMPANY NUMBER 05230659 (England and Wale5) RKGISTERED CHARITY NUMBER 1106209 AUDITORS Curo Professional Service5 Ltd. Statutory Auditors Curo House Greenbox Weslonhall Road Bromsgrove Worcestershire B60 4AL SOLICITORS mfg Solicitors l Higb Sireet Broinsgrove B618EZ BANKERS Lloyds Bank plc 112 High Str¢¢t Bromsgrove B618EZ Pag¢ I

North Worcestershii'e Basement Pi'o Liiniled ects Re rt of Ihe T tees for the Year Ended 31 March 2025 The I￿￿te¢S who are also directors of the charity for the purpose5 of the Coinpanies Act 2006, present their rq)ort with 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 Recominended Practice applicable to charities preparing their accounts in accoi'dance with the Financial Reporting SiandaTd applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2019). OBJECTIVES AND ACTIVITIES Objectives 2nd alms North Woi'cestershire Basement Projects Lid. aims lo provide help and clear guidance to young people who are potentially hom¢l¢ss, actually homeless andlor unemployed an(Vor not in educationltraining andlor loc21 authority care leavers by providing help- a) to alleviate the effect of poverty experienced by this group. b) to assist the target group in coinpeting effectively in the labour market or to obtsin training or educaliot)al oppo￿nIties, c) to provide clear and adequate inforn]atioThlTesources so that the target group is fjjlly infonned of their ri￿(s and sponsibilities, d) to encourage, support and empower the target group to have choice and to represent themselves. Signfificant #ctlvitie5 Significant activities are disclosed within achievements and perfomance. Public beneflt The Trustees liave referred to the guidance conlained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives, and in planning future activities. The main activities and the people who the charity aims to help are undertaken to further its charit8ble purposes for public benefit. Volunteers Volunteers are recruited when n¢￿ed. Page 2

North Wor¢estershire Basement Pro Liniiled ecls ort f the Trustees for the Year Ended 31 March 2025 OBJECTIVES AND ACTIVITIES AClllEVEMENTS AND PERFORMANCE The aim of The Basement Project is lo piovide support services for homeless and potentially homeless young people aged 25 and ullder; an integi?I part of these services is lo focus on homeless prevention. AÈ 31 March 2025 tlie Basement Project was niade up of three interltnking projects the r￿st 2 beiiig our long tem core projects the Basement Diop-in Service and the Floating Support Service- although there is an overlap and staff work across both projects. The 3rd is our recently added Application Station which supports young people with their transition into the work place or learning envkronment aiid which has seeii ￿oWth over the past 12 inonihs. We also staff drop-in services in other areas of Woreestershire namely: Eveshain, Kidderminster, Malvern and Worcestershire City and have also develop￿ a Mediation and Conflict Resolution services to siipport our homeless prevention agenda. We ¢onlinue to work in partnership with agencies (Siatulory, Piiblic Sector, Voluntary and Private Sector) relevant to supporting young people across Worcestershire. The Basement Drop-in Service Our main Drop-in is open every weekday and is staffed by hvo qualified youth workers und trained volunteers and is well used by local young people. Tn the first full year the Drop-in was open in 2006 there were well over 400 visils and in the year to 31 March 2025 we carried out 4,777 inteiventions, Ihrough face lo face meetings, telephone conversations. live chat. video calls. messages. anivor advocating on behalf of the young person. This represents a 14 % increase on the previous year and a 36.6% increase over the last 2 years, showing the increased need for this service. The Basement Project is a place where a yowig person can access someone to talk lo, enabling them to have the support they need lo deal with their primary issues surrounding housing and homelessness and otber issues that may be hindering their ability to niove forward. We c an offer mediation and advocacy 8hould the young person feel that 1.8 appropriate. The Basement Project can offer emergency foodltoiletry parcels, which are invaluable to our clients. This year due to several small pots of ￿ndIllg provided through Bromsgrove District Council, small grants and the generosity of the local Comniunilies, we ivere able lo offer more substantial food par¢els to our service users. We have provided 255 food parcels lo our clients and their families this year. ID addition when funding is availabl¢ we help young people to purchase other essential item% to help them set up and sustain their tenancy and we offer a programme nf workshop8 througliout the year, which run alongside the Drop-in service. These ftnclude employability, life skills training, healthy eating, self-esleem, confidence building, budget management and Cooking on a budget. All workshops are designed to be 'young person friendl and are delivered in a relaxed, welcoming atmosphere. The Basement Project recruits and trains volunteers to work alongsid¢ our Youth Support Workers and help us deliver our wider service5. 2024125 has been a very success￿1 year in recruiting new volunteers with a wide range of valuable skills that vill help young people in the fuiure as well as contributing to the development of The Basement Project across Worcestershire. We continue lo benefil from a five year continuation ￿ndIng by The National Community Lottery Fund which commenced in April 2023 which ivas aligned to our fiv¢ year strategy. This ￿ndIllg combined with the BrOMs￿OvQ District Coun¢il nding, local business and individual giving fonns the core of our overall income. In addition we submit a variety of applications to SUPPOrt our existing work and fvture projects as required and as set out in our Strategic Plan. We expect to identify funds from grants, tNs1 funds and possible lendering for contracts. Th¢ Floating Support part of ihe project is partly funded through a ¢ommissioned s¢rvice with Worcestershire Children First (WCF) to support care leavers specifically and also granls from other souire5 including National Lottery Community Fund for notk care leavers who need supporl. We have the capacity for around 80 individual young people (clienls) lo have dedicated support worker who will meet on a regular basis lo lielp Ihein manage the transiiion to independent living. This support is deliver¢d through direct, one to one meetings, telephone calls and messages, and via virtual metliods. We subconlracl to Redditch Nighlslop lo cover the Redditch district and we cover the rest of the county. other Funding enables us to cover th¢ age range that the WCF contract does not cov¢r, i.e. care leavers aged 25 and under. Page 3

North Worcestershire Basement Pro Liiniled ects ort of the T stees for ihe Year Ended 31 March 2025 OBJECTtVES AND ACTIVITIES FUTURE DEVELOPMENTS We continue to consolidate the work we deliver through the Baseinent Project and will be looking for new and innovative opportunities in the future. We will continue lo grow the new th'op-in services and ivork towards obt#ining ￿ndIllg to suslaiii them. The appoinnnent of ali outside fvndraising agency to secure funds has proved successful and ensured tlie security of the project for ihe foreseeable future. We continue to ivork with partner agencies at a strategic level to inforni our service delivery and constantly monitor and consult with the young people to ensure our services rneet their needs. Reserves Policy The trustees have established a Reserves Policy whereby the uni'estricied funds should be built up lo a minimum level equivalent to 6 months operating costs; however, in view of the fact that il can take 9 months to be suc¢¢ssfi)l in a funding application, il is iiot unreasonable to let the unrestricted level of reserves cover around 9 months, op¢rating costs. This would allow the oi'ganisation time to ty and address any periodic casb flow shortfall while inaintaining support to staff and clients. In the event that such efforts were unsuccessful the Reserv¢ would be used to finance the close down costs of North Worcestersliire Basement Projects in an orderly manner. Our cll￿ent level of unrestticled reserves stands 41t just over 600/0 of running costs. We are comrnitted to once aghin increase our reseive8 towards 75Q/o of Qui. co81$ to ensure we can cover any futui'e imponder8ble$ such a% clianges or ces8ations of funding conlracts. With the continuing cost of living crisis and pressure on local authority budgets, local government grants and contt'acts are likely to come under close scn]tiny. So we will conttnue to make a ¢oncerted effort lo mainlatn efficiencies as we move fonyard lo guarantee our commitment to the young people and their support, &s the majority of clienLs require at least 12 monihs, worth of support. We are also actively reviewing potential ways of increasing self-generated fund8 moving forward. At the end of the year lotsl reserves stood at £402.264 of which £210,687 related to unres¢Tieted ￿ndS STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by ils governing document, a deed of tryst, and constitutes a limited company, limited by guarantee. as defined by the Companies Act 2006. Recrultment and appointment of neiv trustees Tnjstees are appointed from the membeiship. All trnstees comply with "Good Govemance" a code for the Voluntary and Community Sector. Organlsational structure The t￿SteeS forn] the Board of TNslees and continu¢s to support our Chi¢f Executive Officer, Caleb Mallard. who deals with the day to day rnnning of the Charity, and any appropriate working groups. Rlsk management The twstees have a duty lo identify and review Ilie risks to whicli tlie Charity is exposed and to ensure appropriate controls are in place to provide reasonable assui'ance against fraud and em)r. STATEMENT OF TRUSTEES, RESPONSIBILITIES The IIuslees (who are also the directors of North Worcestershii'e Basemeni Pi'ojecls Limited for the purposes of company law) Rre responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Page 4

North Worce5tei'shire Basement Pro Limited ects ort of the Tru te for the Year Ended 31 March 2025 STATEMENT OF TRUSTEES, RESPONSIBILITIES- continued Company law requires the tn]stees to prepare financial statements for each financial year ivhich give a twe aiid fair view of the state of affairs of the charilable company and of the in¢oming resources and appli¢ation of resources, including Ihe income and expenditure, of the charitabl¢ Company for that period. Ln preparing Ihose financiol statements, the trustees are required to select suitable accounting policies and rhen apply them consistently. observe the methods and principles in the Charity SORP; make judgements and estimates that are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the charitable company will continue in busines8. The trustees arg responsible for keeping proper accounting records which disclose with reasonable accuracy at any lime the financial position of the charitable company and lo enable them to ensure that the financial slalements comply with the Coinpaiiies Act 2006. They are also responsible for safeguarding the assets of the ¢haiilable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware.. thei'e is no relevant audit infonnatlOD of which tlie charitable company's auditors &re unaware. and the Iruslees have laken all steps that they ought lo have taken to make themselves aware of any relevant audit information And lo establish that the auditors are aware of that infomation. This report has begn prepared in accordance witb the provisions of Part 15 of the Companies Act 2006 relating to small companies. AUDITORS Th¢ auditors, Curo Professional Services Lid, Siatutory Auditors, will be proposed for re-appointment at the forthcoming Annual General Meeting. Approved by order of the board of trustees on ........... and signed on ils belialf by: DLMO rustee Page 5

ort of the Inde endeni Auditors to the Members or North Worcestershire Basement Pro Is Limited Oplnion We have audited the financial statements of North Worcestersliire Basen)ent Projects Limited (the 'cliaritable company'} for Ihe year ended 31 March 2025 which coinprise the Statement of Financial Activiltes, the Balance Sheet and notes to the financial statements, including a summary of Significant accounting policies. The fin&ncittl reporttng framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdoni Generally Accepted Accounting Practice). In our opinion the financial statemenls.. give a true and fair vkew of the stste of the charitable company's affairs as at 31 March 2025 and of its Incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properly prepai'ed in accordance with United Kingdorn Generally Accepted Accounting Practice. and have been prepai'ed in accordance with ihe requireinents of the Companies Act 2006. Basls for opinion We ¢ondu¢led oiir audit in a¢cordance with Internalionkl Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are indepeiident of the eharilable company in accordance with the ethical requirements that are relevant lo our audit of the financial stasemenls in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethtcal responsibilities in a¢cordance with these requirements. We believe that the audit evidence we have obtained is suffjcient and appropriate to provide a basis for our opinion. Conelusions relatlng to going concern In auditing the fit)ancial statements, we have concluded that the tiustees, use of the going concem basi.s of accounting in Ihe preparation of the finan¢ial slalement5 is appropriafr. Based on the work we have performed, we have not identified any material uncertainti&s relating to events or conditions that. individually or collectively, may cast significant doubt on Ihe charitable conipany's ability lo continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and Ihe responsibilitie5 of the tNstees with respect lo going concern are described in the i'elevant sections of this report. Other informarfon The trustees are responsible for the other infom]ation. The other infornialion comprises the inforni8tion included in the Annual Report. other than the fiiiancial statements and our Report of the Independent Auditors thereon. Our opinion on the fillancial statements does not cover the other information and, except to the extent othe￿]5¢ explicitly slaied in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial slatemenls, our responsibility is lo read the other infonnation and, in doing so. consider whether the other infomialion is materially inconsistent with the fi))ancial stal¢ments or our knowledge obtained in Ihe audit or othenvise appears to be materially misststed. If we identify such material inconsistencies or apparent malerial Inisslalemenls, we are required to delennine whether this gives rise 10 a material misstatement in the financial ststeinenls themselves. If. based on the woi'k we have perfornied, we conclude that ther¢ is a material iTJiSStalement of this other infonnalion, we are requii'ed to report that filct. We have nothing to report in this regard. Opinlons on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the infoimation given in the Report of the Trustees for the financial year for ivhich the financial stalemenls are prepared is consistent with the financial statements; and Ihe Report of the Trustees has been prepared in accordance with applicable legal requirements. Page 6

ort of ihe Inde endent Auditors to the Members of North Wor st rshire Ba Inenl Pro Is Limited Mattel's on which ive are requlred to report by exeeptlon In the light of the knowledge and imderslandkng of the charitable company and its environment obtained in the course of the audit, we have not ideiitified mklerial misstatements in the Report of the Tiustees. We have nothing lo report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have i)ot been kept or returns adequate for our audit have not been received from braiiche.8 not vtsited by us. or the financial statements are not in agreement with the accounting record5 and ￿turnS. or ceitain disclosures of trustees, remuneration specified by law are not made. or we have not received all the infom]ation and explanations we require for our audit,. or the tNstees were nol entitled lo take advanlag¢ of the small companies exemption from the requirement lo prgpare a Stralegic Report or in preparing the Report of the Truslees. Responsibilitl¢s of trustees As explained more fiilly in the Statement of Trustees, Responsibilities, the trustees (who al'e also the directors of the ch￿ilable company for the pury)oses of company Ixw) are responsible for the preparation of ihe financial statements and for being satisfied that they give a true and fair view, and for such intem21 control as the t￿SteeS detennine is necessary lo enable the prepaTalion of financial statements thal are free from rnaterial misstatement, whether due lo fraud or error. In preparing the fftnanctal statements, the trustees are responsible for assessing the charitable company's ability to conlinue as a going concern, disclosing, as applicable, matters related to going concem and usÉng the going concern basis of Accounting unless the trustees either intend to liquidate the charitable company or lo cease operations, or have no realistic altemalive but to do so. Our responslbllltles for the audit of the financlal statements Our objectives are to obtain reasonable assurance about whether the fmancial stat¢menls as a whole are fre¢ from material mi%stalement, whether due to fraud or e]Yor, and to i$8ue a Report of the Independent Auditor.8 that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducled in accordance with ISAS (UK} will alivays delect a maierial misstatement when it exists. Misstatement5 can &rise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the econoinic decisions of users taken on the basis of these financial statements. Page 7

ort of the Inde endenl Auditors to the Members of North Worc tershire Ba ement Pro Is Limiled Identlfying and responding to risks of msterial mlsstatement due to fraud The level of risk and ability to detect irregularities due to fi3ud was considered during the planning stage of the audit. A risk assessment was undertaken, taking into consideration the Company's policies, procedures and enquiries iviih management. We communicated identified fraud risks throughout the audit team and remained alert to any indications of fraud througl)oul tlie audit. As required by auditing standards and considering our overall knowledge of the control environment, we perforn)ed proCedU￿S to addregs the risk of management ovenide of controls and the risk of fraudulent transactions, in particular the risk that Inanagement may be in a position lo make inappropriate accounting entries. We perfornied procedures including: Evaluating the business purpose of joumal entries and comparing the identified entries to supporting documentation. Evaluating the busines5 purpose of significant bank payments and receipt8 and comparing these lo supporting docuinentation. Walkthrough and fiirtlier substantive tesling on income and expenses to identify weaknesses and override of internal controls. - Using analytical procedures lo idenlify any unusual or unexpected variances. Identifying and responding to risk$ of materlAI misstatem¢nt due to non-compliance with laivs and regulations The level of risk and ability to detect I￿egular1tkeS due to non-compliance with laws and regulations was considered during the planning stage of the audit. A risk assessment was undertaken, taking into consid¢ration the company's policies. procedures and coinpliance with laws and regulations. We coinmunicaled identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. The company is subject to laws and regulations that dfftrectly affect the financial statements includiF)g financial reporting and taxation legislation. We assessed the eKt¢nt of coinpliance with these laws and reglllalions as part of our procedures on Ilie related financial statement items. The company is also subje¢t to many other laws and regulations where the Consequences of non-compliance Could have a Inaterial effect on amounts or disclosures in the financial slaleinents. Auditing standards liinit the required audtt procedures to identify non-compliance with these laws and i'egulalions to enquiry of the directors and inspection of regulatory and legal correspondence, if any. Therefore, if a br¢a¢h of operational regulations is not dis¢losed to us or evident from relevant correspundence. an audit will not detect that breach. Context of the abillty of the audlt to detect fraud or breache5 of law or regulation Oiving lo the inherent I[￿ltatIonS of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the fmancial statemenls, even though ive have properly plawied and perfonned our audit in accordance with auditing standard5. For example, there is a higher risk of non-deleclion of fraud, as these may involve Collusion, forgery, intentional omissions, misrepresentations or the override of internal contt'ols. Our audit procedures are designed lo delect Inaterial misstalement. We are not responsible for preventing non-compliance or fraud and cannot be expected to delect non-compliance with 811 laws and regulations. A further description of our responsibilities for the audit of the financial slalements is located on the Financial Reporting Council's website al ivww.fi'¢.org.uklauditorsresponsibililies. This description forms part of our Report of the Independent Audilors. Page 8

R¢ oit of the Inde endent Auditors to the Members of North Woi'cester hire Basement Pro ecls Limited Use of our report This report is made solely lo the charitable company's members, as a body, in accordance with Chapier 3 of Part 16 of the Coinp8nies Aet 2006. Our audit work has been undertaken so that ive might state lo the charitable company's meinbers those matters we are required to slate to them in an auditors, report and for no other putV05e. To the ￿lIest extent pern]itted 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 for the opinions we have fonned. Anna Madden FCA {Senior Stamtory Audilor) for and on behalf of Cui'o Professional Seiwices Ltd, Statutory Auditors Curo House Greenbox Weslonhall Road Bromsgrove Worcestershire B60 4AL 111 (15 Date- ..... Page 9

North Worcestershire Basemeftt Pro Liinited ects lalemenl of Financial Activili¢S for the Year Ended 31 March 2025 2025 Total 2024 Total Unrestricled nd Restricted fiu)d Notes INCOME AND ENDOWMENTS FROM Donations and legacies 45,618 45,618 -33.722 Charitable activlties To provide support to young people who are in crisis 385,640 385,640 347,881 Other trading activities Investsnent incoine Other illCOLne 8,085 14.939 780 8,085 14,939 780 13,932 6,576 780 Tot21 69,422 385.640 455,062 402,891 EXPENDITURE ON Raising funds 450 450 Charitable a¢tlvltles To provide support to young people who are in risis 75,792 367,502 443,294 384,894 Other 55 55 Total 76,297 367,502 443,799 384,894 NET INCOLIqEI{KXPENDITURE) (6,875) 18,138 11,263 17,997 RECONCILIATION OF FUNDS Total funds brought forward 217,562 173,439 391,001 373,004 TOTAL FUTr4DS CARRIED FORWARD 210,687 191.577 402,264 391,001 The notes forni part of these financial slalements Page 10

North Worcestershire Basement Pio Liiniled e¢ts Balance Sheet 31 Maycli 2025 2025 Total 2024 Total funds Unrestricted fund Restricted fi￿dS Notes FIXED ASSETS Tangible assets 5,724 5,724 4,847 CURRENT ASSETS Debtois Cash at bank and in hand 13 6,354 217,893 6,354 409,470 15,769 386,058 191,577 224,247 191,577 415,824 401.827 CREDITORS Amounts falling due within one year 14 (19,284) (19,284) (15,673) NET CURRENT ASSETS 204,963 191,577 396,540 386,154 TOTAL ASSETS LESS CURRENr LIABILITIES 210,687 191,577 402,264 391,001 NET ASSETS 210,687 191,577 402,264 391.001 FUNDS Unrestricted funds Restricted fvnds 16 210,687 191,577 217,562 173,439 TOTAL FUNDS 402,264 391,001 These financial statements have been prepared in accordance with Ihe provisions applicable to charitable companies subj¢ct to the Small companies regime. The financial slateinents were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by.. or - Trustee The notes form part of these financial statements Pagell

North Worcestershire Basement Pro Lin)ited ects Notes to tlie Financial Stateinents for the Year Ended 31 March 2025 COMPANY STATUS The charity is a private company limited by guarantee. There is no share capital. Each member has undertaken to pay £ l O in the event of the company being wound up. The presentstioi) currency of the financial slalements is the Pound Sterling (£). The financial slalements are rounded to the nearest £1. ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the ¢liaiilable eompany, which is a publi¢ benefit entity under FRS 102, have beeii prepaiEd in aceordance with the Charities SORP (FRS 102) 'Accounling and Reporting by Chaiilies: Statement of Reconimended Practice applicable to cl)ai'ities preparing tlieir a¢¢ounts in accordance with the Financial Repoiting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019),, Financial Repoi1ing Standard 102 'TI)e Financial Reporting Standard appli¢abl¢ in the UK and Republic of Ireland, and the Compaiiies Act 2006. The financial ststemei)Is have been prepared under the historical cost convention. Going coneerTh The financial statements have been prepared on the going concern basis on the grounds that the Ituslees believe that there is sufficient funding in place to support the ¢harity for the next twelve months from the date of approval of the financial statements. Income All income is recognised in the Stateinent of Financial Activities once the charity has enliilement lo the funds, it is probable that the incoine will be received and the amount can be measured reliably. Expenditure Expenditure 15 accounted for on an accruals basis and has been classified under he&dings that aggregate all cost related ro the category. Where costs cannot be dtrectly altributed to particular headings they have been allocated lo activities on a basis consistent with the use of resources. Allocatlon and apportlonment of costs When possible, expenditure is charged to the charitable activity to which it relales. Costs that cannot be dealt ivith tn this way are apportioned in proportion to staff hours. Apportioned costs are those for Premises and Office Expenses. All costs that can be identified, such as room hire, refres]m]ents, stationery and audit fees are charged directly. Siaff time is allocaled according lo the percentage spend directly on governance, together with a proportion of 5UPPOrt costs. All indirect costs ar¢ Apportioned on staff lime. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings 251/1 o on reducing balance Tangible f￿ed assels are stated al cost less ac¢umulated depreciation and accurnulat￿ impainnent losses. Taxotlon The charity is exempt from corporation tax on it5 Charitable ac¢ivitle5. Fund accountlng Unrestricted funds can be used in a¢cordance with ihe ch8rilable objectives at the disC￿li0n of the Éwslees. Page 12 Continued...

Noi1h Worcestershire Basement Pro Limited e¢ts Notes lo the Financial Siai In nts - continued for the Year Ended 31 Mai'ch 2025 ACCOUNTING POLICIES- ¢onrfnued Fund accountfing Restricted funds can only be used for particular restricted puiposes within the objects of the charity. Reslriclion5 arise when specified by the donor or when fijnds are raised for particular restricted purposes. Further explanation of the naNre and purpose of each fund is in¢luded in the notes lo the financial statements. Pension costs and other post-retirement benellts The charitable company operates an auto-ei)rolment defined contribution pension scheme. Contributions payable to the charitable company's pension scl)eme are charged to the Statement ol Financial Activities in th¢ period lo which they relate. Operating leoses Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. Debtors Trade and other debtors are recogni5ed at the settlement amount after any discount offered. Cash at bank and in hand Cash at bank arAd ill hand includes cash and shoit temi highly liquid iiivestments with a short maturity of twelve months or less from the dale of acquisition or opening of the deposit or simtlar account. Creditors and provislons Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paity and the amounl due to Settle the obligation can be measured or esltinated reliably. Creditors and provisions are nomially reeognised al their settlen)ei)t ainounl After allowing for any discounts due. Financial Instruments The charity only has financial assels and financial liabilities of a kind that qualify as basic financtal instruments. Bast¢ financial instrnments are initially recognised at transaction value and subsequently measured at Iheii. settlement value will) the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. DONATIONS AND LEGACIES 2025 2024 Donatioiis Gift aid 37,224 8,394 32,437 1,285 45,618 33,722 Page 13 continued...

North Worcestershire Basement Pro Limited ects Notes to the Financial Sia(einents - continued for the Yeai. Ended 31 March 2025 OTHER TRADING ACTIVITIES 2025 2024 Fundraising events 8,085 13,932 INVESTMENT INCOME 2025 2024 Rents received Deposit account interest 1,667 13,272 6,576 14,939 6,576 INCOME FROM CHARITABLE ACTIVITIES Incoming resources from Charitable activities represent grants receivable from government and other public bodies and liave been used to pursue the Charity's main activity of providing support to young people who ar¢ ln crisis. Giznts received are as follows: 2025 2024 Lloyds Bank Foundation Bromsgrove District Council The National Lottery Conmiuiiity Fund Floating Support Reserve Worcestershire Children First The Eveson Charitable Tn￿t Garfield Weston Foundation Tesco Grant Post Covid Fund Awards for All (National Lottery) Uniforni Grdnt HSBC NFU Mutual Co-op Client Fund Nationwide- Core Costs Nationwide- Summer Activities Rotary - SEimmer Actkvilies Nationwide- Life Skills Fine & County Foundation Client Funding Nalional Grid - Winler Wanner P¢tcks WF Housiiig Support National Grid - Core Costs Worcestershire Community Fouttdation 25,000 19,334 109,293 26,666 86,169 30,000 25,000 375 906 20,000 23,334 119,335 26,666 87.088 1,125 273 3,221 37,533 3,000 2,000 1,440 1,158 1.258 4,000 5,000 6,000 400 2,485 10,000 1,000 500 1,509 Awards for All NLF The Graniliam York Trusl Small Funders Page 14 ontinued...

North Worcestershire Basement Pro e¢ts Liinited Notes lo th Financial In nl for the Year Ended 31 March 2025 nlinu INCOME FROM CHARITABLE ACTIVITIES- continued Social Entery)rise Worcestershire Strength Grant - Food vouchers Worcestershire Strength Grant - Rent Support The Patrick Trust J Bishop Counselling SPF Funding 3,500 1,000 3,724 2,500 670 30.000 385,640 347,881 CHARITABLE ACTIVITIES COSTS Expenditure on Charitable activities comprises: 2025 2024 Direct ¢osts of Charitable activities 202,360 125,914 Suppoit costs: Management Finance Governance 233,264 1.875 6,300 251,583 1,397 6.000 241,439 258,980 Total expenditure on Charitable expenditure 443,799 384.894 Governdnce custs Tepresenls duditors, T¢munerdtiOT]. NET INCOMEI(EXPENDITURE) Net incomel(¢xpenditur¢) is stated aftei. ¢hOrgin￿(Cred1ting)'. 2025 2024 Auditors, remuneration Depreciation - owned assets Deficit on disposal of fixed assets Amounts payable to auditor for other financial se￿]CeS Operaling lease paymenls wogni5ed as an ¢xp¢nse 6,300 .576 55 5,670 12,171 6,000 1,155 7,641 12,172 Page 15 continued...

Noith Worcestershire Basement Pro Limited ects Not lo tl)e Financial Stateinents - continued for Ilie Year Ended 31 Marcli 2025 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, r¢muneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses There were no trustees. remuneration or other benefits for the year ended 31 March 2025 (2024.. £nil). io. STAFF COSTS The average monthly numbei. of employees during ihe year was as follows.. 2025 2024 Adminislrative Project workers Community fundraiser 12 10 2025 2024 Wages and Salaries Social security costs Other pension costs 306,234 22,125 12.046 234,345 15,212 8.554 340,405 258,111 No employees recetv¢d emolumen15 in excess of £60,000. Benefits are ao¢ruing to all members of stsff under the auto-enro]ment pension scheme. ii. COMPAIL4TIVES FOR THE STATEMENT OF FINANCIAL ACTivrriES Unr¢stricted nd Restricted funds Total fi]nds INCOME AND ENDOWMENTS FROM Donations and legacies 33,722 33,722 Charitable aetivities To provide support lo young people who are in crisis 347,881 347,881 Other trading activities Investment income Other income 13,932 6,576 780 13.932 6,576 780 Total 55,010 347,881 402,891 EXPENDITURE ON Page 16 continued...

Nortli Worcestershire Basement Pro Liinited ects Notes to th Financial Statements - continued for the Year Ended 31 March 2025 ii. COMPAIL4TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted Restricted fund funds Total funds Charitable acttvities To provide support to young people who are in ci'isis 53,899 330,995 384,894 NET INCOME I,iii 16,886 17.997 RECONCILIATION OF FUNDS Total ￿ndS brought fonvard 216,451 156,553 373,004 TOTAL FUNDS CARRIED FORWARD 217,562 173,439 391,001 12. TANGIBLE FIXED ASSETS Fixtures and rjttings COST At l April 2024 Additions Disposals 14,306 2,508 {249) At 31 March 2025 16,565 DEPRECIATION At l April 2024 Charge for year Eliminated on disposal 9,459 1,576 (194) Al 31 Mai-ch 2025 10,841 NET BOOK VALUE At 31 March 2025 5,724 At 31 March 2024 4,847 Page 17 continued...

North Worcestershire Basement Pro Liinited ects Notes to the Financial lal Inenls- conlinued for the Year Ended 31 March 2025 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Other debtors Prepayments and accrued income 417 8,317 7,452 5,937 6,354 15,769 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade credito Social security and other laxes Accruals and deferred income 860 6,114 12,310 5,849 9,824 19,284 15,673 15. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows: 2025 2024 Within one year Between one and five years 12,172 25,360 12,172 37.532 37,532 49.704 Page 18 continued...

North Worcestershire Basement Pro ecis Limited Noles I Ill Finan ial Siateinenls continued for the Year Ended 31 Mawh 2025 16. MOVEMENT IN FUNDS Net Inovement in fvnds At 31.3.25 At 1.4.24 Unrestrlcted funds General fund 217,562 (6.875) 210,687 Restri¢ted funds Private tenancy scheme Restructhrkng reseive Lloyds Bank Foundation Fonvard Housing Association Bromsgrove District Council Worcestershire County Council Community The Eveson Charitable Tn]st Garfield Weston Foundation Western Power Fund Community Lottery Eniergency Fund Tesco Grant Post Covid Fund Awards for all NLF Unifomi Worc.8 Community Grant- Boldly goe. HSBC The Neighbourly Foundation- Sainsburys HAF NFU The Grantham York Trust Co-op client fund Nationwide Core Costs Nationwide Summer AclivLlies Rotary Funding (Summer Aetivities) Nationwide Life Skill Sessions Fine & Country Foundation Client funding Nalkonal Grid Winter Wamier Packs. WF Housing Support Social Enterprise Worcestershire Strength Grant- Food voucher Worcest¢rshire Strength Grant- Rent The Patrick Trust J Bishop Counselling 3,616 1,266 6.250 100.126 24 817 3,616 1.266 6,250 100.126 (24) 817 12.500 20,833 137 35 426 3,444 18,334 642 ,026 12,500 20.833 137 35 835 3,056 (409) 388 18.334 (129) 771 1,026 1.176 2,021 (1,176) 2,021 {6) (106) 3,878 1,000 1,759 37,533 3.000 2,000 1,440 1,158 300 105 104 3,772 1,000 662 (1,097) (37,533) 3,000 1,173 (827) (1,440) (907) (180) (105) (104) 3,500 251 120 3,500 I,IM)O 3,304 2,292 30 ,000 3,304 2,292 30 173.439 18,138 191.577 TOTAL FUNDS 391.001 11,263 402,264 Page 19 continued...

North Worcestershire Basement Pro Limite ects Notes to the Financial Statemenls- continued for Ilie Year Ended 31 March 2025 16. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as folloivs.. Incoming resources Resources expended Movernent Unrestyieted funds Genei?I fund 69.422 (76,297) (6,875) Re$trlcted fund$ Lloyds Bank Foundation Bromsgrove District Council The Nalional Lottery Community Fund Floating Support Reserve The Eveson Charitable Trust Garfield Weston Foundation Worcesleyshire Childreii First Tesco Grant Post Covid Fund Awards for all NLF Uiiiforni 25,000 19,334 109,293 26.666 30.000 25,000 86,169 375 906 20.000 (25,000) (19,358) (109,293) {26,666) (17,500) (4,167) (86,169) {784) {518) (1,666) (129) (1 176) (24) 12,500 20.833 (409) 388 18,334 (129) (1,176) (6) (106) {1,097) {37,533) {827) (1,440) (907) (180) (105) (104) 3,500 HSBC HAF NFU Co-op client fund Nationwide Cnre co.st Rotary Funding (Summer Activities) Nationwide Life Skill Sessions Fine & Country Foundation Client fvndTftg National Grid Winter Warnier Packs WF Houstng Support Social EnterpTiS¢ Worcestershire Strength Grant- Food voucher Worcestershire Strength Grant - Rent The Patrick Trnst SPF Funding J Bishop Counselling (6) (106) (1,097) (37,533) (827) (1,440) (907) {1,689) (105) (104) ,509 3,500 1,000 3,724 2.500 30,000 670 1,000 3,304 2,292 {420) (208) (30.000} (640) 30 385,640 (367,502) 18.138 TOTAL FUNDS 455,062 (443,799) 11,263 Page 20 continued...

Noith Worcestershtre Basement Pro Limit ects Notes lo the Financial Siaieinenls - continued for the Year Ended 31 Mairh 2025 16. MOVEMENT IN FUNDS- contlnued Comparatives for movement in funds Nel movement in funds At 31.3.24 At 1.4.23 Unrestrieted funds General fuiid 216,451 217,562 Restricted funds Private tenancy scli¢me Restmcturing reserve Lloyds Bank Foundation Fonvard Housing Association Bromsgrove DTslrict Council Woi'cestershire County Council Community The Eveson Charitable T￿st Westem Power Fund comi￿￿nity Lottery Emergency Fund Worcestershire Community Foundatson Tes¢0 Grant Post Covid Fund Awards for all NLF Unifom Woits CoTJimuiiity Grant- Boldly goes Social Prescribing (Application Station) HSBC Tlie Neighbourly Foundation- Sainsburys HAF NFU The Grantharn York Trust Co-op client fund Nationwide Core Costs Nationwide Summer Activities Rotary Funding (Sunllner AclivTties) Nationwide Life Skill Sessions Fine & County Foundation Client funding National Grid Winter Wamler Packs WF Housing Support 3,616 1,266 3,616 ,266 6,250 100,126 24 816 6,250 100,126 5.040 841 15,000 421 219 472 (5,016) (25) (15,000) (284) (184) (472) 835 (2,044) (5,834) 273 (1,236) {471) (7,953) 137 35 835 3,056 5,100 5,834 498 2,262 472 9,129 2,021 45 657 1,000 2,534 771 1,026 1,176 2,021 (39) 3,221 3,878 1,000 1,759 37,533 3,000 2,000 1,440 1,158 300 105 104 (775) 37.533 3,000 2,000 1,440 1,158 300 105 104 156,553 6,886 173,439 TOTAL FUIYDS 373,004 17,997 391,001 Page21 Continued...

North Worcestershire Basement Pro Liinited ecls Notes t the Financial Siatemenls - continued for the Year Ended 31 March 2025 16. MOVEMENT IN FUNDS- continued Comparative net movement in fi]nds. included in the above are as follows.. Incoming resources Resources expended Movernenl in fi]nd8 Unrestrlcted funds General fund 55,010 (53,899) Restricted funds Lloyds Baith Foundation Bronisgrove District Council The National Lottery Community Fund Floating Support Reserve Worcestershire County Council Community The Eveson Charitable Trust Worcestershire Children Fi￿t Westem Powei. Fund Community Lottery Emergency Fund Worcestershire Commllnity Foundalinn Tesco Grant Post Covid Fund Awards for all NLF Uniforni Wor¢s Community Grant- Boldly goes Social Prescribing (Application Stati(Jn) HSBC HAF NFU Co-op client ￿lld Nationwide Core Costs Nationwide Summer Activities Rotary FuDding {Sunllner Activities) Nationwide Life Skill Sessions Fine & Country Foundation Client funding National Grid Winter Wanner Packs WF Housing Support National Grid Core Costs Small Funders 25.000 23,334 119,335 26,666 (50) (18,750) (28,350) (119,335) (26,666) 25 (15,000) (87,088) (284) (184) (472) {290) (2,044) (5,834) 6,250 (5,016) (25) (15,000) 87.088 {284) (184) (472} 835 (2,044) (5,834) 273 (1,236) (471) (7,953) (39) 3,221 {775) 37,533 3,000 2,000 1,440 1,158 300 105 104 1.125 273 (1,236) {471) (7,953) (39) 3,221 (775) 37,533 3,000 2,000 1,440 1.158 1,258 4,000 5,000 6,000 500 (958) (3,895) {4,896) (6,000) (500) 347,881 (330,995) 16,886 TOTAL FUNDS 402,891 (384,894) 17,997 Page 22 continued...

Nonh Worcestershire Basement Pio Limite ects Notes to the Financial Statements- continued for the Year Ended 31 March 2025 16. MOVEMENT IN FUNDS- continued A eurrent year 12 montlis and prior year 12 months combined position is as follows- Net movement in funds At 31.3.25 At 1.4.23 Unrestrieted funds General fund 216,451 (5,764) 210,687 Resti'icted funds Private tenancy scheine Restructuring reserve Lloyds Bank Foundation Foiward Housing Association Bromsgrove District Council Worcesteishire County Council Conimunity The Eveson Charitable Trust Garfield Weston Foundation we.stem Power Fund Communtty Lottery Emergency Fund Woi'ceslershire Community Foundation T&sco Grant Post Covid Fund Awards for all NLF Uniforni Worcs Community Grant- Boldly goes Social Prescribing (Application Station) HSBC The Neighbourly Foundation - Sainsburys 3,616 1.266 3,616 1,266 6,250 100,126 6,250 100,126 5,040 841 15,000 (5,040) (25) (2,500) 20,833 (284) (184) (472) 426 (1,656) 12,500 144 (1,236) (471) (9,129) 816 12,500 20,833 137 35 421 219 472 426 3,444 18,334 642 .026 5,100 5,834 498 2262 472 9,129 2,021 45 657 1,000 2,534 2,021 (45) 3,115 NFU The Grdntham York Trust Co-op client fimd Nationwide Summer Activities Rotary Funding (Summer Activities) Fine & Counlry Foundation Client funding Social Entery)rise Woirestershire Strength Grant - Food voucher Worcestershire Strength Grant - Rent The Patrick T￿st J Bishop Counselling 3.772 1,000 662 3,000 1,173 251 120 3,500 (1,872) 3,000 1,173 251 120 3,500 1,000 3,304 2,292 30 1.000 3,304 2.292 30 156,553 35,024 191,577 TOTAL FUNDS 373,004 29,260 402,264 Page 23 ¢onlinu¢d...

North Worcestershire Basement Pro Liinited ecis Notes to th Finan I Statements - continue for the Year Ended 31 Mairli 2025 16. MOVEMENT lly FUNDS- continued A cu)Tent year 12 moiiths and prior year 12 months combined net movement in funds, included in the above are as folloivs: Tnconiin8 resources Resources expended Moveinent in funds Unrestricted funds Genei'al fund 124,432 (130,196) (5,764) Restricted lunds Lloyds Bank Foundation Bromsgrove Dish'ict Council The National Lottery Community Fund Floating Support Reserve Worcestershire County Council Community The Eveson Charitable Trust Garfield Westoii Foundation Woi'cestershire Children First We8tern Power Fund Community Lottery Emergency Fund Woyceslershire Community Foundation T&sco Grant Post Covid Fund Awards for all NLF Unifom] Worcs Community Gtant- Boldly goes Social Prescribing (Application Station) HSBC HAF NFU Co-op client fund Nationwide Core Costs Nationwide Summei. A¢tivities Rotary Funding (Summer Activities) Nationwide Life Skill Session5 Fine & Country Foundation Client funding National Grid Winter Wamier Packs WF Housing Support National Grid Core Costs Small Funders Social Ente4)rise Worceslershir¢ Strength Grant - Food VOLELher Worcestershire Strength Grant - Rent The Patrick Trust SPF Funding J Bishop Counselling 50,000 42,668 228,628 53,332 (50) 30,000 25.000 173,257 (43,750) (47,708) (228,628) (53,332) 25 (32,500) {4,167) (173,257) (284) (184) (472) (1,074) (2,562) (7,500) (129) (1,236) {471) (9,129) (39) (106) (1,872) (37,533) 6,250 (5,040) {25) (2,500) 20,833 (284) (184) {472) 426 (1,656) 12,500 1,500 906 20.000 273 (1,236) (471) (9,129) {45} 3,115 (1.872) {6) 3.221 37,533 3,000 2,000 1,440 1,158 2,767 4,000 5,000 6,000 500 3,500 3,000 1.173 (827) (1,440) (907) (2,647) (4,000) (5,000) (6,000) {500) 251 120 3,500 1,000 3,724 2,500 30,000 670 1.000 3,304 2.292 (420) (208) (30,000) {640) 30 733,521 (698,497) 35,024 Page 24 continued...

North Worcestershire Basement Pro Limited ecls Notes to tlie Financial Staleinenls- continued for the Year Ended 31 March 2025 16. MOVEMENT IN FUNDS- continued TOTAL FUNDS 857,953 (828,693) 29,260 Page 25 ontinued...

North Worcestershire Basement Pro Limit ecls Not s to the Financial tateinenl for the Year Ended 31 Mairh 2025 contin 16. MOVEMENT FUNDS- conifillued Nature and purpose of funds: Awards for all NLF BDC Defra Fund To cover core costs. To provide food and other essential items for clients in the Bromsgrove area To provide funding for Baseinent Drop-in (including workshops) Supported setting up several temporary drop-in cenlres (additional 'centre points,) in new locations to reach yoiing people in Crisis Funding specifically for clients from differ¢nt organisations. To provide fvnding for a food bank manager To provide funding for cltenls. To provide fijnding for 2 laptops. To cover floating support fi]nding wben nding is reduced or ends To make good any shortfall in funding for the Drop-Én or Floating Support Service after April 2022 To cover core costs To provide fvnding for holiday activities aad food. To provide funding for 20 hours of staff time to help lo develop a Youth Hub in Wyre Forest as part of a BLF consortium bid Funded enhanced support for service users - e.g. providing more substsntial food parcels and essential items for young people setting up a new lenancy Donatiun eam]4rked for cuunselling services for young clients (funds used to provide or subsidize professional counselling sessions). To cover core costs To cover cor¢ costs. To provide fiinding for winler wann¢r packs. To Lover Lore costs. To provide funding for 48 life skills sessions. To provide fijnding for trips and activities for clients. To provide funding for food bank. Grant addressing post-pandemic needs - used lo support projects assisting those affected by COVID (e.g. mental health, homelessness prevention, isolation) To cover bond liability for tenancies sel up prior to closure of scheme on 31 March 2012 Broiiisgrove Districi Council Centre Points Client funding Community Lottery Emergency Fund Co-op client fund Fine & County Foundation Floating Support Reserve Fonvard Housing Association Garfield Weston Foundation Help through Crisis HSBC J Bishup (CouT]selling) Lloyds Bank Foundation National Grid Core Costs Nationkl Grtd Winter Warnier Packs Nationwide Core Costs Nationwide Life Skill Sessions Nationwide Summer Activities FU Post Covid Fund Private Tenan¢y Scheme Page 26 continued...

North Worcestershire Basement Pro Lijnited ects Note t the Financial Statements- continued for the Year Ended 31 March 2025 16. MOVEMENT IN FUNDS- eontlnued Restructuring Reserve To cover TUPE costs and other additional costs associated with the Worcestershire County Council contract on cessalion of the contract To provide funding for trips and activities for clients. Any other small funding. Funding dedicated to developing a social enterprise as an extension of The Basemenl Project'8 work. Grant from the govemment's UKSPF iniltalive to invest in community and youth services. Aimed at improving'pride in place, and increasing young people's life chances through community support projects To provide funding for tenancy sel up items. To cover core costs To provide funding for toiletries and food bank. To cover core costs Rotary Fiinding (Summer Activities) Small Funders Social Enterprise SPF Funding Tesco Grant The Eveson Cliarilable Trust The Grantham York Trust The National Lottery Communtty Fund {fomierly BIG Lortery Fund) The Neighbourly Foundation- Sainsbury's Funding to help alleviate food poverty among young people. Grant in support of NWBP'S core work with disadvantaged and homeless young people. To provide funding for School uniform. To provide furniture and ivhile goods for clients To cover purchase and developrnent COSts and website maintet)ance costs To provide fiEiiding directly for client costs To PTovide funding for food bank and tenancy items foi. clients. To make good any shortfall in funding lo suppori Ihe running ofihe service To provtd¢ thnding to alleviate Covid 19 difficulties in em¢rgen¢y situations To cover core costs To provid¢ 3 tsblets for stsff and energy vouchers for clients To provide fitnding foi Floating Support Small grant to support community-based work Grant dedicated to cost-of-livtng support- used by NWBP to provide supermarket food vouchers or related food support to young people facing l)ardship Grant dedicated to housing crisis support - used to assist young clients with i'¢nt or deposits. preventing homelessness amid the cosl-of-living crisis The Patrick Tn￿t Unifom] Vinci Foundaiion Websile Western Power Futid WF Hou5tng Support Woi'ceslershire CC Community Grant W0￿estershlre CC Emergency Covid Fund Worcestershire Children First Worcestershire Conllhunity Foundation Worcesle¥shire County Council Worcestershire County Council Community Worccstcrshire Str¢ngth Grant - Food Voucher Worceslersliire Strength Grant- Rent Page 27 continued...

Noith Worcestershire Basement Pro Limited ects Not to the Financial Siai ments - con for the Year Ended 31 Nlarch 2025 inued 16. MOVEMEIYT IN FUNDS- conttnued Worcs Community Grant- 'Boldly Goes, Project funding (titled 'Boldly Goes,) lo expand NWBP'S drop-in services beyond Bromsgrove 17. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2025. 18. INCOME RECOGNITION Per the regulations under SORP FRS102, income must be recognised in the period in which il is received and not in the period in which it is ulilised. Therefore, income wliich has been received in prior years and has not been utilised until this year is not included within the income figures in the accounts. This has resulted tn an overall Su￿[US of £l1.263, however, the deficit with regard to income utilised in the period 15 £15,768. Page 28

North Worcestershire Basement Pro ects Liinlt Detailed Sialem nl f Financial Acti for the Year Ended 31 Marcli 2025 2025 2024 INCOME AND ENDOWMENTS Donations and legacics Donations Gift aid 37,224 8,394 32,437 1.285 45,618 33,722 Other trading activities Fundraising events 8,085 13,932 Investment income Rents received Deposit account interest 1,667 13,272 6,576 14,939 6,576 Charlt9ble activities Grants 385,640 347,88 I Other income Other income 780 780 Total incoming resources 455,062 402,891 EXPENDITURE Other trading aCtI￿tIeS Bad debts 450 Charitable a¢tlvities Wagcs Social security Pensions Fundraising costs Training Workshop costs Travel expei)ses Food bank expenses Legal and professional fees Consultancy fees 165,001 8,953 6.803 91,791 4,334 4,067 4,560 4,395 3,242 1.036 EO,841 ,648 1,207 3,136 4,903 2.421 1,117 8,314 201,855 125,914 This page does not forni part of the statutory financial statements Page 29

Noith Worcestershire Basement Pro Liinited ects D tailed tatem nt of Financial Activities for the Year Ended 31 March 2025 2025 2024 Charltable activitles Other Loss oll sale of tangible fixed assets 55 Support eost5 Management Wages Social secui'ity Pensions Rlltes and water Insurance Light and heal Telephone Printing, postage and stationery Sundry expenses Travel expenses Rent Cleantng and refiise collection Repairs and inaintenance Computer expenses Security Subscriptions Accountancy fees Expenses paid on behalf of clients Storage costs 141,233 13,172 5,243 427 4,034 4,533 6,555 3,775 142,554 10,878 4,487 393 3,218 3,745 6,126 11,465 9.837 4,255 12,17.1 2,640 482 6.750 525 12,172 2,148 1,918 6,180 666 6,996 8,370 9,934 343 6,590 7,641 18,037 312 233,264 251,583 Fln4nce Bank charges Depreciation of tangible fixed assets 300 1,575 242 1,155 1,875 1,397 Govern#nce tosts Auditors, remuneration 6,300 6,000 Total resource8 expended 443,799 384.894 Net income 11,263 17,997 This page does not fonn part of the statutory fmancial sl&temenls Page 30