Charlty reglstration number 1110418 {England and Wales)
Company registration number 04938680
FAIR SHARES GLOUCESTERSHIRE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

FAIR SHARES GLOUCESTERSHIRE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
A Cathles
J Cigman
P Gifford
J Lewis
M Smith
R Palmer
C Steele
(Appointed 25 November 2024)
(Appointed 19 May 2025)
Charity number (England and Wales)
1110418
Company number
04938680
Prlnclpal address
Chequers Bridge Centre
Painswick Road
Gloucester
GL4 6PR
Reglstered office
Chequers Bridge Centre
Painswick Road
Gloucester
GL4 6PR
Independent examlner
Griffiths Marshall
4th Floor
Llanthony Warehouse
The Docks
Gloucester
GL12EH
Bankers
Unity Trust Bank PIC
Four Brindley Place
Birmingham
B12JB
Co-operative Bank PIC
P.0 Box 250
Skelmersdale
WN8 61
The Charity Bank Limited
Fosse House
182 High Street
Tonbridge
TN9 1BE

FAIR SHARES GLOUCESTERSHIRE
CONTENTS
Page
Trustees. report
Statement of trustees, responsibilities
10
Independent examinels report
11
Statement of financial activities
12
Balance sheet
13
Statement of cash flows
14
Notes to the financial ststements
15-26

FAIR SHARES GLOUCESTERSHIRE
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their report and accounts of the charity for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies detailed in note 1 and
comply with the charity's governing document, the Companies Act 2006, and Accounting and Reporting by
Charities.. Statement of Recommended practi￿ applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January
2019).
Objectives and activities
Fair Shares is a Time Banking cha17ty and communty ooaniSat￿n based in Gloucestetshir&. Our objectlvgs, as
outlined in our goveming document fron7 1998, a￿..
To ￿lIeVe poverty, sickness, and distress. primanly but not exclu&vely for the benefrt of the Gloucestetshire
community.
To advance education and training within the community, particularly for disadvantsged and vulnerable
individuals, including young people, older people, and the unemployed.
What Is Tlme Banklng.
Fime Banking is a system of two-way community partlGipation that values the time people give and receive, and the
contribution they make to Othe￿ in pTrctical or emotional ways. We support people to help each other share
experiences, and make fnends. We enCou￿ge everyone to woH( together to build supportwe, sustainable. and
resilient communities.
°Knowing Fair Shares is here, being able to comg her8 and knowing someone is the￿ to ask forhelp when I need ti
is a godsend..
°Time Banking is helping myself through helping others..
Our Vlslon
We believe everyone has something to offer. By giving and re￿Iving time, we build inclusive, SUPFQrtive
communities where people feel connected, valued, and empowered to leam, share, and grow together.
Our Misslon
Fair Shares brings people together through the exchange of time, skills, and kindness. Our time banks value
everyone's ability to contribute, connecting individuals to share knowledge, build friendships, support one another,
and transform lives.

FAIR SHARES GLOUCESTERSHIRE
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Our Values
Our approach follows the prinaples of Time Banking through a c￿ProdUCtion framework. focusing on four core
values..
People are Assets - We help people recognise that they are the strengths of their community.
Redeflnlng Work- We redefine how people are valued by recognising their contributions to the community.
Reclproclty- We encourage giving and receiving support.
Soclal Capital- Together, we build strong, meaningful support nelworks across communities.
°It m88ns community. If you can, spend timg, enjoy, engage and help people. It is many things and to me it is
home..
Who We Are
Established in 1998, Fair Shares was the first Time Bank in the UK. We collaborate with individuals, organisations,
and partners to promote posits've, enduring relationships. Our committed, knowledgeable staff, partiapants, and
Trustees have developed and nurtured the organisation over the past 25 years.
202412025 Hlghllghts
Delivered 34,580 hours of Time Banking activities across GIOu￿ster and Stroud.
Engaged 1.694 people over the year.
307 core weekly participants- an increase of 6.90A from last year.
Provided 1,012 sessions at our allotment.
100 % of those asked reported an increase in skills, 1000/0 made friends, and 100% felt an increased sense ot
belonging.
Welcomed 133 people to our Christmas party.
Faalitated 102 8e8sions in Stroud, induding Gentle Walks, Memory Box sessions and Coffee momings.
Core Actlvltles In 202412025
1.1 Tlme Banklng Exchanges: Participants contribute time to their community and ask for help when they need it.
Activits'es exchanged include researching family trees, constructing a bird cage, shopping, basic car maintenance,
decorating, gardening, and more
all organised by our Time Brokers.
'Best thing about Fair Shares Is the sense of Gommunity- It's like a cushion you can fall back

FAIR SHARES GLOUCESTERSHIRE
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Lunch Club." A weekly social gathering with a hot lunch, open to everyone. It is held weekly at the Friendship Café,
and occasionally at our allotment during the summer. Attendeès include a diverse range of local people, aged 3
months to 90 years
including young people with moderate to severe disabilities from Gloucester College, older
people facing isolation, asylum seekers staying in local hotels, and single parents. It's a Spa￿ for community
connection, welcoming people from all walks of lrfe. Attendance continues to grow
this year we've been catering
for around 40 people per week. Participants are involved in all aspects of lunch, from laying the table, bringing
produce from the allotment, cooking and serving food. clearing away and washing up.
°One of the Fair ShaTrs Lunch Club partlcipants, a disabled student frDm Glos Col previously ate 81on9. He has
begun to eat during the lunch sessions, Ma￿ing 8 signrficant mi18Stone in his social engagement. This change
highlights the importance of the Lunch Club as mor9 than just a mea1t1m￿rt s a space forbuilding social
Gonfidence, C￿atIng lasting relationships, and engaging in the community beyond th8 classmom. The students have
developed valuable communication skills 8nd gained independence in a supportive environment, enabling them to
integrate more fully into their local community..
Art Group: Meeting weekly at the Friendship Café, this group engages in creative projects, offering a supportive
and therapeLrtic environment for all. It has naturally evolved into a space where participants support each other
through creative expression and is well attended by many experiencing mental health challenges. This year, the
group has done a bit of everything from making key rings and embroidery to bunting for our community events.
We've ended the year discussing ambitions for larger, more outward-facing projects, and have designed and
developed a mosaic to decorate the new entryway of our allotment, based on a wldlife scene.
Woodwork Group: Our fully equipped workshop offers community members the chance to leam woodworking
skills. People attend to create items for personal use and community projects
building confidence, developing
and sharing skills, and contributing to the wider community. This year's projects included working with various youth
groups through alternative education providers like Peak and Bridge Training, supporting young people to learn and
apply new skills in the community. Highlights includ8 benches for Pary Park, a shed for APT and our Stroud
community allotment, and many more.
'Through the woodWo￿l￿g sessions, students at Ha￿our House worked on building benches for a local community
space. This project helped them establish a Gonnection with the neighbouthood, contributing tangible results that
directly impacted th8 space. For many students, this was theirfirst experience working in a real-wortd commun
pn)ject, and the relationships they buitt wtih staff and Gommunity Membe￿ continue to have a lasting impact. The
confidence gained from contributing to such a pmject has encouraged them to seek out similaropportunities in the
future, making them feel more integrated into their local Gommunty..
Allotment Group: Our community Spa￿ at the City Farm blends food growing with social interaclion, offering
hand>on, educational, social, and therapeutic experiences. This year, we worked closely with local participants to
make the space more a￿eSSIble - moving the entrance to the street side, creating a sloping pathway, improving
the pipework. and installing accessible handwashing sinks. It's been a vibrant year, wth seasonal public events like
pumpkin carving and Alice in Wonderland-themed Easter crafts, weekend cooking sessions wth young people, and
a producttve growing season involving local schools, community groups, and the wider public.
°Rachel h8s created such a positive and welGoming space at the allotment that I know l Gan attend, moet others,
and be sociable..
Gentle Walks: Supported by partiapants, we organise a¢￿SSIble group walks, designed for people With physical or
mental health needs and their carers. Suitable for walking aids and wheelchairs, these walks take place fortnightly
in Stroud, monthly in Stonehouse, and quarterly in Nailsworth. Aimed at those with mobility issues, memory loss, or
long-temi conditions, they offer social connection and practical advi￿ for people feeling isolated or vulnerable. We
also took part in the Stonehouse Walking Festival this year.

FAIR SHARES GLOUCESTERSHIRE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Chance to Chat and Memory Boxes: Our Chance to Chat Postcards and Memory Boxes help sustain
relationships be￿een carers and those they support - especially people living wlth dementia. Linked with the
Gloucestershire NHS Dementia Team and local Memory Cafés, the boxes contain nostalgic items that spark
conversation and connection. We strive to ensure th8 contents reflect the diversity of UK society. This year, they've
been relaunched in Stroud's new library and are available in Stonehouse library and at the Museum in the Park.
Greenlng Barton Street.. We work with the communty to maintsin planters and green spaces in the Barton and
Tredworth ar8a. This informal group meets weekly during spring, summer, and autumn to encourage gardening,
social interaction. and communty ownership of public spaces.
°My I￿le boy goes to look at the flowe￿ every day on his way to nursery. He loves them..
Youth fime Banking: Our Youth Tirne Bank engages young people in Time Banking through individual and group
ath'vities
mainly in Gloucester, with outreach in Stroud. We work wth community groups and educational
providers to support young people in becoming active participants in their communities. This year, we've worked
dosely with three Gloucestershire Altemative Education providers whose students have attended weekjy across the
academic year. We've also partnered with Gloscol, working with disabled students to facilitate local community
activities.
Group Trips: We organise monthly trips open to all Fair Shares participants. These outings help people explore
new places, overcome transport or financial barriers, and enjoy shared experiences. This year, we've visited the
Forest of Dean, Kempley (to see the daffodils), Cardiff ca$￿e, Birmingham Botanical Gardens, Tower of London,
Bary Island, Weston-super-mare, St Fagans, Batsford Arboretum, and the Birmingham Christmas Market.
Partnership Working in 2024-25
Using our deep kn￿edge of the local community, our work in Gloucester and Stroud has been significantly
enriched through partnerships with local charities, community organisations, statutory services, private businesses,
and residents. These collaborations have enabled us to reath more people and create meaningful, lasting impact.
Some of our key partnerships include:
All Pulllng Together (APT).. Together with APT, we've supported isolated and older adults in Stonehouse
through monthly Gentle Walks, library coffee momings, and group trips. We also brought young people from
PeakAcademy to build a shed in their community allotment.
8arnwood Trust: As one of Bamwood Trust's recognised referral organisations, we supported 18 individuals
this year in accessing grants. £27,139.10 in total, helping them improve quality of life and independence.
Bulldlng Connections: In partnership with Active Impact, Young Gloucestershire, FVAF. Forest Pulse, and
Creative Sustainability, we've taken a joined-up approach to creating opportunities for young people with
disabilities to build stronger links within the local community. We've also worked with Gloucester College,
Hart)our House, Peak Academy, Bridge Training, the Community Allotment, our Fair Shares Lunch Club, and
through 1..1 Time Banking exchanges to create inclusive, skill-building opportunities. These ranged from
woodworking and gardening to creative workshops, physical activities, and shared meals. Across hundreds of
sessions with a wide mix of participants, this project promoted independence, confiden￿. and social
connedion
strengthening both individual growth and community ties.
Dementla Actlon Alliance: We attend meetings in Gloucester and Stroud. The alliance's aim is to make the
County a good place for people living with Dementia and those who support them.
Frlendship Café.. We continue our strong collaboration wrth the Friendship Café, wo¢l(ing together on
community events, shared resOUr￿s, and regular activities.

FAIR SHARES GLOUCESTERSHIRE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Gloucester College: Our relationship with Gloucester College has deepened over the year. We've worked with
staff and students- especially disabled students and students with learning dlfferences- on creative projects,
Lunch Club activities, woodworking sessions to build planters, and allotment work. We also partnered with
artists at Jolt to support students in artistic expression.
Gloucester Gateway Trust (GGTI.. This d05e, ongoing relationship spans food distribLrtion, community
development (Bridging the Gap), product development for The SeNices, transport provision (including use of
our minibus and driver), and shared activities like beekeeping and woodworking.
GloucesterJhlre Wlldllfe Trust: Our initial collaboration on G￿enIng Barton SttBet has grown into long-term
mmunity stewardship of six public planters. We continue to work together on local growing and rewlding
initiatives.
Healthy Communities Together: We are part of this group of people from across Health, Local Government
and the VCS sector coming together around a shared belief in the need for a different way to tsckle fairer
health.
Hobbs House Bakery. Gloucester Servlces, and GGT: Thanks to our partnership, we receive weekly bread
donations that are shared with 11>20 families and >4 community food groups each week.
Jolt: In partnership with Jolt, we've run creative activities including yOLrth art projects (wtth Gloucester College).
art group visits. and coffee momings for young asylum seekers.
Museum In the Park: We've collaborated to offer community activities and host our most popular Gentle
Walks. The museum also houses several of our Memory Boxes, available for local people to borrow.
Nailsworth Alzhoim6r's Café: After 20+ years of volunteer-led operation, the café faced closure when its lead
organiser retired. Our Stroud Time Broker stepped in to coordinate activities, speakers and partiCiFonts, to
ensure continuity- Thanks to this support, the café still meets monthly, welcoming 40-50 people living with
dementia and their carers. It remains the district's most popular memory café and a vital source of peer support.
Nelson Trust: We partnered on a community garden in Conduit street. In retum, Nelson Trust supported our
participants in clearing their own gardens and delivered creative allotment activities, including willow heart-
making and bird feeder construction.
Nourishlng Gloucester Project: In collaboration with Gloucester Gateway Trust (GGT) and Gloucester City
Council, we distributed food vouchers totalling £4,220 to local families and individuals in need.
The Hotspots Network: This network brings together voluntary and community groups across GIoU￿stershIre
including Fair Shares, GL11, GGT, The Grace Network, The Venture, and the Gloucester Community
Building Collective
to share ideas, strengthen partnerships, and create more sustainable, thriving
communities.
The Venture: As a delivery partner, we collaborated on the Million Hours programme, supported food
distribution through their Home Cooking Kits, and partnered on several shared community projects.

FAIR SHARES GLOUCESTERSHIRE
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Acknowledgements
We extend our heartfelt thanks to the many organisations who have worked alongside and supported LB throughout
the year, including:
Active Impact
All Pulling Together (APT), Stonehouse
Alzheimer's Society Advisors
Barnwood Trust
Community Dementia Nurses
Cotswold Boalmobility
Creative Sustainability
Extra Care Charitable Trust
FVAF
GIOu￿ster City Council
Gloucester Servitss
Gloucestershire County Council
Gloutsstershire Dementia Action Alliance
Gloucestershire Gateway Trust
Gloucestershire Library Services (Stroud & Stonehouse)
GIOU￿sterShIre Mental Health Team
GIoU￿stershIre Wldlife Trust
Hobbs House Bakery
Housing 21
Jolt
Longfield Communty Hospi
Mindsong
Mudwalls Farms Ltd
Museum in the Park
Nailsworth Alzheimer's Café
Nailsworth Dementia Action Alliance
Nelson Trust
NHS Dementia Training and Education Team
Singing for the Brain
Slimbridge Legion Social Club
Stonehouse Fig Tree Memory Group
Stroud District Council
stroud Town Council
Supporters of the Stroud Dementia Action Alliants launch
TheAppleby Centre
The Friendship Café
The Venture Community Hub
Top of Town {ToTs) Community Group
Top ofTown Tots & Community Hub
Whitehill and Ruscombe Community Hub
Wynn's Café, Stonehouse
Young Gloucestershire
We are especially grateful to our creative, supportive, and dedicated parbcipants who contribute so much to our
community. Wthout these people. Fair Shares wouldn't exist.
°It means community. If you can. spend time, enjoy, engage and help people. It is many things and to me its hon78.°
Equality and Diversity
At Fair Shares, we are committed to fostering an inclusive environment where everyone
of every background,
heritage, religion, age, gender, disability, and life experience
is welcomed and valued. We believe that diversity
enriches our community and enhances the effectiveness of our work.

FAIR SHARES GLOUCESTERSHIRE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Our Commltment to Dlverslty
Inclusive Environment: We welcome a diverse group of participants, staff and trustees, comprising individuals
from various ethnicities, religions, and backgrounds, including those with disabilities and Itved experience of
mental health issues. We strive to 8nsure that everyone feels respected, supported, and empowered to
contribute fully to our misslon
and that everyone respects and supports others.
Community Engagement: We actively engage with a wide range of individuals and groups, indudiro older
adults {60+). children and young people {ages 3-25}, people with physical and mental health conditions,
individuals with learning drfficulties, refugees, and those with experiences in the criminal justice system. Our
goal is to break down barriers and ensure that our community is accessible to all.
Respect for Indlvlduallty: We recognise the Importan￿ of r8specting each person's unique identty. ￿TrIle we
do not always collect data on heritage or background to avoid creating barriers, we remain committed to
understanding and responding to the diverse needs of our community.
Ongolng Efforts and Recognltlon
Contlnuous Improvement.. We acknowledge that there is always more work to do in reaching and supporting
our diverse communities. We are continuously striving to evaluate and adapt our practices to be more inclusive
as a charity and as an employer
recognising the improvements we need to make in accessibility and
outreach.
Incluslve Employer: Fair Shares has been recognised as an Inclusive Employer by Indusive Gloucestershire.
rellecting our dedication to equality and diversity in all aspects of our work.
Sustslnablllty
At Fair Shares, we recognise the climate crisis and the damage done to the natural world- sustainable development
is central to our mission. We believe in a holistic approach that balances environmental stewardship with social and
economic development. Our commitment to sustainability not only reflects our responsibility to the environment but
also enhances the resilience and impact of our work within the community. We strive to reduce our ecological
footprint while ensuring the safe and efficient delivery of our activities.
Our sustalnablllty efforts Include:
Sharlng Tlme and Skllls.. We foster a communty of sharing, where knowledge, skills. and time are exchanged
to support sustsinable practices and empower individuals.
Repurposlng Materials: We prioritise the redistribution of food and the reuse of wood and other materials,
reducing waste and promoting a circular economy within our projects.
Utilising Second-Hand Resources: We actively seek out second-hand and reclaimed resources
sheds, paving mateiials, and plants to minimise our environmental impact.
induding
Promotlng Organlc Practlces: We grow plants organically, avoiding the use of herbicides and pesticides, to
support biodiversity and protect our environment.
Compostlng: We compost organic waste, tuming it into valuable soil enhancers that SUPPOrt our gardening and
farming initiatives.
Sustainable Transport: We encourage walking, cycling, and the use of public transport wherever practical,
reducing our carbon footprint and promots'ng healthier lifestyles.
Advocating Environmental Awareness: Vve actively encourage and support our community members to
adopt environmentally mindful practices, extending the impact of our sustainability efforts beyond our
organisation.

FAIR SHARES GLOUCESTERSHIRE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
We are committed to continuously improving our sustainability practices, setting realistic goals, and being
transparent about our progress. By working together, we can create a more sustainable fvture for our community
and the planet.
Flnanclal revlew
All restricted funds, provided by trusts and local authorities for specific projects, are spent in accordan￿ with the
conditions of the fijnding, unless otherwise agreed with the grant provider.
Totsl income ft)r the year was £249.943, up from £241,910 in the 202>2024 financial year - an increase of £8,033.
As in previous years, the majority of our income was derived from restricted funding.
Total expenditure for the year was £249.806, up from £216,260 in the 202>2024 financial year - an increase of
£33.546.
At the end of the year, our unrestricted res8rv8S Stood at £101,971, equivalent to be￿een four to six months of
operating expenditure.
Reserves Policy
Fair Shares adopts a systematic approach to policy review, led by trustees. to ensure all policies remain current and
relevant.
As a small charity heavily reliant on grant income, it is essential to maintain reserves to manage unforeseen
8mergencies, provide short-temi funds to overcome budget defiats, manage liabilities in the event of organisational
dosure, and deliver planned commitments.
In developing the Reserves Policy, trustees consider the level of risk and the likelihood of such risks occurring,
balanced against the organisation's capacity tt) hold sufficient unrestricted reserves. The availabilty of accessible
restricted funds is also considered vthen assessing the level of unr8Strtcted resenies required.
Reserves requirements are reviewed by the Main Board of Trustees at least every six months, and more frequently
by the Finance Committee. The aim is to maintsin reserves equivalent to three to six months of operating costs.
Financlal monltoring Includes:
Monitoring of Fair Shares, income and expenditure throughout the year against the annual budget plan
Receipt of financial activity and budget monitoring reports at each committee meeting
Approval of any necessary budgetary adjustments in response to changing circumstances
Reporting to the full Board of Trustees, highlighting potential problems or significant anomalies.
Structure, Governanca, and Management
Fair Shares is a charitable company limited by guarantee, incorporated on 21 October 2003. It has no share capital
and is a registered charity, with each membels guarantee limited to £1.
Fair Shares actively seeks to recruit additional trustees from our local communities. The Finance Committee
comprises two trustees and the CEO, with support from the Finance Officer. The committee meets at I￿st six times
a year
often more frequently
and reports to the main Board of Trustees.

FAIR SHARES GLOUCESTERSHIRE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Temis of Reference:
Support the Fair Shares Board of Twstees in fuffilling its responsibilities conceming the budget and finances
Establish and maintain a three-year financial plan, considering the Fair Shares Strategy, future economic
conditions, and changes in legal requirements or Charity Commission guidance
Draft and propose an annual budget for adopts'on by the Board of Trustees, aligned strategic priortties
Ensure sufficient fiJnds are set aside to meet liabilites and risks, maintaining an adequate and sustainable
reserves policy
Review, adopt, and monrtor all financial policies
Advise the Board of Trustees on financial implications related to existing and new contracts
In addition, Fair Shares contracts with HR People Support to provide HR and management advice.
Trustees are elected to sepie a three-year temi, after which they must be re*lected at the next Annual General
Meeting. Efforts are made to ensure that participants are appropriately ￿presented y￿thin the trustee body by
encouraging participants to become tnjstees. None of the trustees has any beneficial interest in the company.
There has been one addition to the Board of Trustees during 2024-2025 period. Rob Palmer joined as a trustee in
25th November 2024. The Board met on six occasions, in addition to the 2023-2024 Annual General Meeting.
Day-to-day operational decisions are made by the CEO, wtth referen￿ to trustees as necessary. Fair Shares
employed ten people and engaged one self-employed contrador during the financial year, with total staff hours
equivalent to approximately 5.75 fu114ime staff.
Trustees are responsible for decisions related to overall strategic diredion and those with significant financial
implications, such as the use of reserves. They have assessed the major risks to which the charitable company is
exposed and are satisfied that systems are in Pla￿ to mitigate these risks.
Trustees during the year and up to the date of signing the financial statements:
A. Cathles
J. Cigman
P. Gifford
J. Lewis
R. Palmer
M. Smith
C. Steele
The trustees, report was approved by the Board of Trustees.
A Cathles
Joint Chair of Trustees
J Cigman
Joint Chair of Trustees
21 July 2025

FAIR SHARES GLOUCESTERSHIRE
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees, who are also the directors of Fair Shares Gloucestershire for the purpose of company law, are
r&sponsible for preparing the Trustee5' 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 gtve a true and fair
view of the state of affairs of the charitable company and of the incoming resources and application of reSoUr￿s,
including the income and expenditure, of the charÉtable company for that year.
In preparing these financial statements, the Trustees a￿ required to..
select suitable accounting policies and then apply them consistently-
- observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed, subject to any matertal departures
disclosed and explained in the financial statements,. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will Continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable a￿uraCY at
any time the financial position of the charitable company and enable them to ensure that the financial statements
comply with the Compani8s Act 2006. They are also responsible for safeguarding the assets of the charttable
company and hence for taking reasonable steps for the pr&vention and detection of fraud and other irregularities.
10-

FAIR SHARES GLOUCESTERSHIRE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF FAIR SHARES GLOUCESTERSHIRE
I report to the Trustees on my examination of the financial statements of Fair Shares GI￿￿Ster$hIre (the
charitsble company) for the year ended 31 March 2025.
Responslbllltles and basls of report
As the Trustees of the charitable company (and also its directors for the purposes of company law), you are
responsible for the preparation of the financial statements in accordance with the requirements of the Companies
Act 2006.
Having satisfied myself that the financial statements of the charitable company are not required to be audited under
Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my
examination of the charitable company's financial statements carried out under section 145 of the Charibes Act
2011. In carrying OLrt rny examination I have followed the Directions given by the Charity Commission under section
145(5)(b> of the CharitiesAct 2011.
Independent examlnerfs ststement
I have completed my examination. I confim that no matters have come to my attention in connection wth the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charitable company as required by section 386 of the
Companies Act 2006.
the financial ststements do not accord wth those records,. or
the financial ststements do not comply with the accounting requirements of section 396 of the ComFAnies Act
2006 other than any requirement that the financial statements give a true and fair view, which is nct a matter
considered as part of an independent examination., or
the financial statements have not been prepared in accordance wth the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their financial statements in accordan￿ with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102).
I have no concems and have come across no other matters in connection with the examination to which attention
should be drawrt in this report in order to enable a proper understanding ofthe financial ststements to be reached.
Grlfffths Marshall
4th Floor
Llanthony Warehouse
The Docks
Gloucester
Date..
11

FAIR SHARES GLOUCESTERSHIRE
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Restrlcted
funds
funds
2025
2028
Total Unrestrlcted Restrlcted
funds
funds
2024
2024
Total
2025
2024
Notes
Income and endowments from:
Donations and legacies
Income resources from
charitable activities
10,670
216,452
227,122
10,560
194,624
205,184
4,185
4,185
946
946
Other trading activities
Other income
6,710
1,092
10,834
7,802
10.834
7,096
6,904
21.780
14,000
21,780
Total income
17.380
232,563
249,943
17,656
224,254
241.910
Expenditure on:
Cost of generating
funds
3,991
3,991
3,618
3,616
Charitable activities
other expenditure
2,645
213
242,957
245,602
213
3,443
204
208.997
212,440
204
10
Totsl expendlture
2,858
246,948
249,806
3,647
212,613
216,260
Net Incomel(expendlture
14,522
(14,385)
137
14.009
11,641
25,650
Transfers between
funds
(1)
Net movement In
funds
14.521
(14,384)
137
14,009
11,641
25,650
Reconclllatlon of funds:
Fund balances at 1 April 2024
87,450
155,547
242,997
73,441
143,906
217,347
Fund balances at 31 March
2025
101,971
141,163
243,134
87,450
155,547
242,997
The statement of financial activities includes all gains and losses recognised in the year. Al income and expenditure
derive from continuing activities.
12-

FAIR SHARES GLOUCESTERSHIRE
BALANCE SHEET
ASAT 31 MARCH 2025
2025
2024
Notes
Fixed assets
Tangible assets
15
898
1,197
Current assets
Debtors
Cash at bank and in hand
16
3,248
333,104
4,117
321,691
336,352
325,808
Creditors: amounts falling due within
one year
18
{94.118)
(84,008)
Net current assets
242,236
241,800
Total assets less current liabilities
243,134
242,997
The funds of the charitable company
Restricted funds
Unrestricted funds
21
141,163
101.971
155,547
87,450
243,134
242,997
The company is entiled to the exemption from the audit requirement contsined in section 477 of the Companies Act
2006, forthe year ended 31 March 2025.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its finanaal 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 finanaal statements were approved by the Trustees on 21 Juty 2025
A Cathles
Joint Chair of Trustees
J Cigman
Joint Chair of Trustees
Company registration number 04938680 (England and Wales)
13-

FAIR SHARES GLOUCESTERSHIRE
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flow& from operatlng activities
Cash generated froml{absorbed by)
operations
22
11,413
(7,046)
Net cash generated from Investlng actlvltles
Net cash generated from financlng actlvltles
Net increasel(decrease) In cash and cash
equlvalents
11,413
(7,048)
Cash and cash equivalents at beginning of year
321,691
328,737
Cash and cash equlvalents at end of year
333,104
321,691
14-

FAIR SHARES GLOUCESTERSHIRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles
Company Infonnation
Fair Shares GIOU￿SterShIre is a private company limited by guarantee incorporated in England and Wales.
The registered Offi￿ is Chequers Bridge Centre, Painswick Road, GIOU￿Ster, GL4 6PR.
1.1 Accounting conventlon
The financial statements have been prepared in accordan￿ with the charitable company's goveming
document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement ol
Recommended Practice applicable to charities preparing their accounts in accordance wth the Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). (as amended for accounting
periods commencing from 1 January 2016). Th& charitable company is a Public Benefit Entity as defined by
FRS 102.
The financial statements are prepared in sterting, which is the functional currency of the charitsble company.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the
charitable company has adequate reSoUr￿S to continue in operational existence for the foreseeable future.
Thus the Trustees continue to adopt the going concem basis of accounting in preparing the financial
statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in fijrtherance of their charitable
objedives.
The charity holds restricted and unrestricted funds.
Unrestricted funds are used for the general purposes of the charity.
Restricted funds are used only for the particular purpose for which they are intended.
Endowment fvnds are subject to specific conditions by donors that the capitsl must be maintained by the
charitable company.
1.4 Incomlng resources
Income is recognised when the charitable company is legally entitled to it after any Performan￿ conditions
have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charitsble company has
been notified of the donation, unless performance conditions require deferral of the amount. Income tax
recoverable in r81ation to donations received under Gift Aid or deeds of covenant is recognised at th8 tim8 of
the donation.
Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending
distribution, the amount is known, and re￿[pt is expected. If the amount is not known, the legacy is treated as
a contingent asset.
Tumover is measured at the fair value of th8 consideration received or receivabl8 and represents amount
receivable for goods and services provided in the normal course of business.
15-

FAIR SHARES GLOUCESTERSHIRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles
(Continued)
1.5 Resources expended
Resources expended are recognised in the period in which they are incurred. Resources expended include
attributable VAT ￿1¢h cannot be recovered.
Resources expended are recognised in one of the following three categories on the subsequent basis..
Generatlng funds: Costs incurred to help the charity generate incoming resources through th8 sale of goods
from shops, incfuding repairs and maintenance.
Charltable Actlvltles: resources used to help the charity meet its main aims and objectives and provide care
for the general public.
Governance Costs: Subsequent costs of financing the charity and meeting our statutory requirements
1.6 Tanglble flxed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net ol
depreciats'on and any impairment losses.
Tangible fixed assets for the use by the charity are capitalised on acquisition based on the nature of the asset.
Any ass8t that has a value of lower than £1,000 is treated as an expense in the year of acquisition.
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to vfflte
off the cost less estimated residual value of each asset over its expected usefvl life, as follows:
Fixtures, fittings & equipment
Motor vehicles
3 Years straight line
250h Reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference be￿een the sale
proceeds and the carying value of the asset, and is recognised in the statement of financial activitie5.
1.7 Impaimient of fixed assets
At each reporting end date, the charitable company reviews the carying amounts of its tangible assets to
determine vthether there is any indicats'on that those 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
impaiment loss (if any).
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use,
the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects
Cu￿ent market assessments of the time value of money and the rtsks specific to the asset for which the
estimates of fvture cash tlows have not been adjusted.
If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of
the asset is reduced to its recoverable amount. An impa1￿ment loss is recognised immediately in incomel
(expenditure for the year, unless the relevant asset is carried at a revalued amount, in which case the
impaimient loss is treated as a revaluation decrease.
Recognised impaimient losses are reversed if, and only rf, the reasons for the impairment loss have ￿aSed
to apply. Where an impairment loss subsequently reverses, the carying amount of the asset is increased to
the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed
the carrying amount that would hav8 been determined had no impaimient loss been recognised for the asset
in prior years. A reversal of an impaimient loss is recognised immediately, unless the relevant asset 15 carried
in at a revalu8d amount, in which case the reversal of the impaimient loss is treated as a revaluatK)n
increase.
16-

FAIR SHARES GLOUCESTERSHIRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting pollcles
(Contlnued)
1.8 Cash and cash equlvalents
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.
1.9 Financial Instruments
The charitable company has elected to apply the provisions of Section 11 'Basic Financial Instruments, and
Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charitable companvs balance sheet when the charitable company
becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net arnounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and th8re is an intention to settle on a
net basis or to realise the asset and settle the liabilty 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.
Baslc flnancial 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 subsequantly carried at amortised cost, using the effectiv8 interest rate method.
Trade creditors are obligations to pay for goods or service5 that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified a5 current liabilities rf 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 subsequentiy measured at amortised cost using the effective interest method.
Derncognltlon of financlal Ilabllltles
Financial liabilities are derecognised when the charitable company's contractual obligations expire or are
discharged or can￿lled.
1.10 Employee beneflts
The cost of any unused holiday entitlement is recognised in the period in which the employee's servi￿$ are
received.
Termination benefits are recognised immediately as an expense when the charitable company is
demonstrably committed to temiinate the employment of an employee or to provide temiination benefits.
1.11 Retlrement benefits
Payments to defined contribution retir8m8nt b8nefft schemes are charged as an expense as they fall due.
17-

FAIR SHARES GLOUCESTERSHIRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
crftlcal accountlng estlmates and Judgements
In the application of the charitable company'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 sOUr￿s. 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 undedying assumptions are r8vi8wed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects (￿lY that
period, or in the period of the revision and future periods where the revision affects both cuffent and future
periods.
Grants and donations
Unrestrlcted Restrlcted
funds
funds
2025
2025
Total Unrestricted Restricted
funds
funds
2024
2024
Total
2025
2024
Donations and gifts
Grant income
10,670
14,038
202,414
24,708
202,414
560
10,000
10,514
184,110
11,074
194,110
10,670
216,452
227.122
10,560
194,624
205,184
Donatlons and gifts
Donations
10,670
14,038
24,708
560
10,514
11,074
10,670
14,038
24,708
560
10,514
11,074
18-

FAIR SHARES GLOUCESTERSHIRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Grants and donatlons
(Contlnued
Grant Income
Unrestrlcted Restrlcted
funds
funds
2025
2025
Totsi Unrestricted Restricted
funds
fijnds
2024
2024
Total
2025
2024
Allen Lane Foundation
Anonymous
Barnwood Trust
Charfes Hayward Foundation
Garfield Weston Foundation
Gloucester Cty Council
Gloucester Cty Homes
Gloucestershire Community
Foundation
Gloucestershire County Council
Gloucestershire Gateway Trust
Gloucestershire Wildlrfe Trust
Henry Robert Ball Charitable
Trust
Henry Smith Charity
Langtree Trust
National Lottery Community
Fund
Office of the Police and Crime
Commissioner Gloucestershire
Postcode Local Twst
Rotary in Gloucester
Community
Rotary Club of Stonehouse
Rowlands Trust
Saintbury Trust
St James Place Foundation
Stroud District Council
Summerfield Trust
Thirty Percy Foundation
Hotspots Ne￿OrkPrOJeCt
Venture Community Hub
Whitehill Chase Foundation
3,000
3,000
3,000
3,000
10,000
4,000
10,000
5.000
2,500
35,000
2,250
5,000
2,500
35,000
2,250
4.000
5,000
1.690
500
5,000
1,890
500
4,500
30,999
9,150
4.500
30,999
9,150
8,500
45,850
20,500
500
8,500
45,850
20,500
500
1,500
1,500
9,240
9,240
500
500
73,018
73,018
45,750
45,750
2,500
10,000
2,500
10,000
5,000
9,480
5.000
9.480
500
500
200
7,000
1,000
200
7.000
1,000
5,000
4,000
5,600
5,000
4,000
5,600
4,000
4,000
10,000
10,000
7,297
3,000
7,297
3,000
202,414
202,414
10,000
184,110
194,110
19-

FAIR SHARES GLOUCESTERSHIRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Incomlng
resources from
charltable actlvitios
Unre¥trided
funds
Restricted
funds
Total
Unrestricted Restricted
funds
funds
2024
2024
Total
2025
2025
2025
2024
Woodworking
income
4.185
4,185
946
other trading actlvltles
Unrestrlcted Restrlcted
funds
funds
2025
2025
Total Unrestricted Restricted
funds
funds
2024
2024
Totsl
2025
2024
Fees
Woodworking income
6,110
600
1,092
7,202
600
6,306
790
6.904
13,210
790
6,710
1.092
7,802
7,098
8,904
14,000
Other income
Unrestrfcted R8strl¢ted
funds
funds
2025
2025
Total Unrestricted Restricted
funds
nds
2024
2024
Total
2025
2024
Other income
10,834
10,834
21,780
21,780
Ralsing funds
Unrestrlcted Restrlcted
funds
funds
2025
2025
Total
Unrestricted Restricted
funds
funds
2024
2024
Total
2025
2024
Costs of generating funds
3,991
3,991
3,616
3.616
3.991
3,991
3,616
3,616
-20-

FAIR SHARES GLOUCESTERSHIRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
None of the Trustees (or any persons connected with them) received any remuneration or were reimbursed
expenses during the year.
Expendlture on charltable actlvltles
2025
2024
Dlrect costs (see note 13)
Staff costs
168.666
143.969
Share of support and governance costs Isee note 12)
Support
Goveman
74,624
2,312
66,007
2.464
245,602
212,440
Analysls by fund
Unrestricted funds
Restricted funds
2,645
242,957
3,443
208,997
245,602
212,440
10 Other
Unrestricted Restrlcted
funds
funds
2025
2025
Total Unrestricted Restrtcted
funds
funds
2024
2024
Totsl
2025
2024
Financing costs
213
213
204
204
213
213
204
204
11 Taxation
The charitable company is exempt from corporation tsx on its charitsble activities.
-21

FAIR SHARES GLOUCESTERSHIRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12 Support costs
Support Governance
costs
costs
2025 Support costs Govemance
costs
2024
Depreciation
Rent, rates & room hire
Postsge, printing & office
supplies
Phone. intemet &
computer
Staff travel, expenses &
training
Project activity costs
Professional fees
Equipment
Evaluation &
subscriptions
Insurances
299
12,220
299
12,220
399
12,138
399
12.138
262
262
852
852
2,726
2,726
2.754
2,754
10.684
43,212
34
834
10,684
43,212
6,407
37,691
358
1,225
6,407
37,691
358
1,225
834
760
3,593
760
3,593
707
3,476
707
3,476
Audit fees
2,312
2,312
2,464
2,464
74,624
2,312
76,936
66,007
2,464
68,471
Analysls by fund
Unrestricted funds
Restricted funds
333
74.291
2.312
2,645
74,291
979
65,028
3,443
65,028
74,624
2,312
76,936
66,007
2,464
68,471
13 Employees
The average monthly number of employees during the year was:
2025
Number
2024
Number
Fair Shares
Stroud
Gloucester
Young People's Project
Totsl
10

FAIR SHARES GLOUCESTERSHIRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
13 Employees
(Contlnued)
Employment costs
2025
2024
Vvages and salaries
Social security costs
Sessional stsff
Recruitment
Other pension costs
156,820
4,311
4.725
56
2,754
135,272
2,520
4,237
1,940
168,666
143,969
Analysis by fund
Unrestricted fvnds
Restricted funds
168,666
143,969
168,666
143,969
There were no employees whose annual remunerats'on was more than £60,000.
Remuneration of key management Personnel
The remuneration of key management personnel was as follows..
2025
2024
Aggregate compensation
27.975
26,704
14 Retirement benefft schemes
2025
2024
Defined contrlbutlon schemes
Charge to profit or loss in respect of defined contribution schemes
2,754
1,940
The charttable company operates a defined contribution pension scheme for all qualifying employees. The
assets of the scheme are held separately from those of the charitable company in an independently
administered fund The People's Pension.
-23-

FAIR SHARES GLOUCESTERSHIRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
15 Tanglble flxed assets
Fixtures,
fittings &
oqulpment
Motor
vehlcles
Totsl
Cost
At 1 April 2024
24,934
60.275
85,209
At 31 March 2025
24.934
60,275
85,209
Depreciatlon and Impalrnient
At 1 April 2024
Depreciation charged in the year
24,934
59.078
299
84,012
299
At 31 March 2025
24,934
59,377
84,311
Carrying amount
At 31 March 2025
898
898
At 31 March 2024
1.197
1,197
16 Debtors
2025
2024
Amounts falllng due within on8 year:
Trade debtors
Prepayments and accrued income
704
1,779
2.338
3,248
4,117
17 Cash at bank and In hand
2025
2024
Bank Cu￿ent account
Petty cash
328,957
4,147
318.153
3,538
333,104
321,691
18 Credltors: amounts falllng due wlthln one year
2025
2024
Notes
Deferred income
Trade creditors
Accruals
19
86.558
5,558
2,000
79,368
2,540
2,100
94,116
84,008
-24-

FAIR SHARES GLOUCESTERSHIRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
19 Deferred Income
2025
2024
Arising from Deferred Income
86,558
79,368
20 Analysls of net assets between funds
Unrestrlcted
funds
2025
Restrlcted
funds
2025
Total
2025
At 31 March 2025:
Tangible assets
Current assetsl(liabilities)
898
101,073
898
242,236
141,163
101,971
141,163
243,134
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
Current assetsl(liabilities)
1,197
86,253
1,197
241,800
155,547
87,450
155,547
242,997
-25-

FAIR SHARES GLOUCESTERSHIRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
21 Restrlcted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
Movement In funds
Incoming
Rgsources
resourcos
expended
8alance at
1 April 2024
Transfer5
Balanco at
31 March 2025
BTNP
Gloucester
Nehvork Crafts Group
New Vehicles
Stroud
Vehicles
Woodworking
Young People's Project
774
74,334
5,111
22,493
20,450
6,760
157,600
1,225
5,717
34,068
1.117
{6,098)
(173,297)
(619)
1,438
58,637
5,717
28,210
14,738
{39,778)
{1,118)
(23)
(26,015)
1,070
31,315
1,047
31,378
26,078
155,547
232,563
{246,948)
141,163
Unrestrlcted funds
Balan¢e at
1 Aprll 2024
Incoming
Rosources
expended
Transfers
Balance at
31 March 2025
Support
Woodworking
83,526
3,924
16,780
600
(2,858)
(1)
97,447
4,524
87,450
17,380
(2,858)
(1}
101,971
22 Cash generated from operatlons
2025
2024
Surplus for the year
137
25,650
Adjustments ftir:
Depreciation and impairment of tangible fixed assets
299
399
Movements in working capital..
Decreasel(increase) in debtors
Increasel(decrease) in creditors
Increasel{decrease) in deferred income
(1,323)
(701)
(31,071)
2,918
7,190
Cash generated frorThl(absorbed by) operatlons
11,413
(7,046)