Charity reglstrallon number 1122980 Company registration number 05814032 {England and Wales) BROMSGROVE AND REDDITCH NETWORK ANNUAL REPORT AND INDEPENDENTLY EXAMINED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
BROMSGROVE AND REDDITCH NETWORK LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs K Jones Mr J Cochrane Mrs Y Rèndell Mrs F Mitchell Mr A Hopkins Ms C Carmen (Appointed 5 September 2025) Secretary Mr G P Roskell Chari(y number 1122980 Company number 05814032 Registered offlce CIO Redi Centre 54 South Street Reddllch Worcostershire 898 7DQ Independent examlner Colm McGrory FCA Bankers Unity Trust Bank plc Four Brindlcy Place Birmingham B12JB
BROMSGROVE AND REDDITCH NETWORK CONTENTS Page Chairfs Report Trustees, report Independent examin8r's report Statement ol financial activities Balance sheet Slalement of cash flows Notes to the financial slatemenls 10-18
BROMSGROVE AND REDDITCH NETWORK CHAIR'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 2024-2025 has been another successful year of operation for BARN. albeit one somewhat dominaled by thè search for new premises. Bolh the Communily Workers Lunch. held in partnership with the Community Workers Network and Redditch District Collaborative, and tho Bromsgrove Community Workers Group meeting, have continued running successfully. This gives frontline workers in both towns an opportunity lo come togolher and share experiences. Nolwork and board meetings continue using a hybrid model. Our training programm8 has continued ovor the year and been very successful. Most sessions have been bought in. but we developed and delivered three sessions in-house social media. fundraising and bid writing. Because of prob18ms with the Do-lt websito (national volunteering wèbsilel, il was necossary to bring the Volunteer website service in house and for BARN staff to build a new section of the website and transfer over existing opportunities manually. 11 was also necessary to export all volunteer records. The new websila has proved popular with the public. A n8w monthly Volunteer C&nlre newsletter has also been launched, promoting the new opportunities whiGh have corne up. The BURT (Bromsgrove Urban and Rural Transport) service is now operating 5 days a week and customer numbers are back to pre-pandemic18vels, BARN has formed a consortium with Bluwave and Reddilch Dial a Ride lo deliver a combined offer across Bromsgrove and Reddilch, 8ARN continues lo deliver the A8CD (Asset Based Community Development) inilialivo in Redditch, where communities, strengths are built on, rather than being defined by Ih8ir deficits. We now employ only one community builder post, providing some support for Abbeydale and Woodrow and mlnority communities. BARN is also the fundholder for the Reimagin8 Redditch Creative People and Pla¢es project, which started in April 22 and goes on until March 2026. The workload remains significanl, bul manageable. BARN is now regisleied for Gift Aid, where tax can be reclaimed on some donations frorn th8 public. In March 2026, Severn Arts will tske over as fundholder for Reimagine Redditch. The tssk of finding new premises has taken up a1ot of lime ov&r the year. There are now two main contenders Market Walk Iby the Canopies) and Sl Stephen's Court. Both have different problems lo sort out and tcmporary options for moving out of Communily House are being consldered. The financial position of Ihe charity Is more secure for th8 next few years, because of the large Pfojecls described above. Fundraising efforts are continuing though lo ensure that we stay in a good posilion. We 8re grateful to a range of organisalions, companies and foundations that have provided funding over tho years. W8 continue lo work closely with Reddilch BC and Bromsgrove DC and their support and funding for parts of our work continues lo be welcome. I would lik8 to thank all our membeTs, volunteers, trustees and staff foi thoir support, hard work and commitment over the last 12 months. This year we have said goodbye lo our vice-chair, Ben Costello and special thanks go to him for his hard work over the years. As part of our governanc8 arrangements, we regularly review the skills base of our trustees lo ensure effective experience and knowledge exists within our trustee body and those skills have been oxlremely valuable lo help us through tho year. We maintsin an up lo dale risk management register and réview our linancial position at each meoting. As Trustees leave the organisation from lime to lime. we do welcome anyone suitable wishing lo join tho Board. In Conclusion, we look foward to how BARN can continue its role in supporting volunteers. voluntary organisations and communilios in 2025126. Yvonne Rendell CITP MBCS Chair
BROMSGROVE AND REDDITCH NETWORK TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report and financial statements for the year ended 31 March 2025. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's memorandum and articles of association, the Companies Act 2006 and "Accounting and Reporting by Charities.. Slalemenl of Recommended Practice appilble lo charities preparing their aountS in acGordanco with the Financial Reporting Standard applicabl& in the UK and Republic of Ireland (FRS 1021" (as eNeclive from 1 January 20191. Objectives and actlvities To promote any charitable purposes for tho benefit of the communities in the areas of Bromsgrove and Redditch local authority areas, in particular the advancement of education. protection of health, relief of poverty, distress and sickness. Signiflcant Activities Biomsgrove and Reddilch Network (BARN) is a nehvork supporting volunteers, voluntary organisations and communities across Bromsgrove and Redditch, BARN is tho local Council for Voluntary Service. We run th8 Volunteer Centre for Bromsgrove and Redditch and a range of local community projects. We represent the local volunlary sector, support local communitios, and help with networking, information, funding and volunteering. Whare wo see a gap in provision we try lo help through delivery or partnerships. BARN has been supporting local communitlgs for over 25 years. NeOrk su orta livi118S BARN has a broad range of Bromsgrove. Reddilch and countywide groups as members, more than 90 across the area. NeOrK meetings hav8 remained a popular way to support the sector by providing an opportunity for VCS colleagues lo meet each other and share information. We continue using a hybild model, allowing for both face lo faco and virtual participation. Introduced during the pandemic, this allows organisalions that struggle to gel to moelings to participate fully. BARN continues lo run the Community Workers, Lunch In Reddilch, a partnership with the Community WoTkcrs' Network which provides an opportunily foi fronlline workers lo meet and talk. BARN also runs Community Workors 8romsgrove, which continues to grow in popularily. The Fundlng New61etter continues to b8 extremely helpful lo our members, and we provide a funding portal that is free for all local VCS. We w8re once again successful with funding applications that allowed us to offer a comprehensive range of training, tailored to the ne8ds of voluntary and community groups across th8 area. We work in partnership with Bromsgrove and Reddilch Councils to maintain the Knowlodge Bank. a public directory of local VCS and statutory seNicos. Wilh Local Governrnonl reform directly impacting all the local councils. BARN ha5 been key to ensuring the local VCS h8$ a voice in the debate. During the year BARN continued to work closely with other Councils for Volunlary seiCe and Volunteer Cenlres across Worcestershir& to strengthen Ihe voice of the grassroots VCS through Worcestershire Community Action Netwoik IWeCAN} and share best practice. As Reddilch is a non- conslituenl authority in the Wesl Midlands Combined Authority we also talk lo other CVSS in the region rapresonling Ihe local voluntary sector lo the Aulhorily. We are also a key member of the new WOrStershirQ VCSE Alliance, 8 countywide network with health and wellbeing focus. Volunlear Centre We are the only accredited Volunteer Centre in Worcestershire, and were one of Ihe first in the country to achieve the new standard. We continue to promote volunteering and help match volunteers with appropriate opportunities, and regularly attend community events lo promote our work. Our Volunloer Managers, Forum offers a Chance for volunteer managers to come togglher lo share their experience and best practice. We continued to develop projects lo build on the experience of the Volunteer Centre. Our Skills for Work volunteering programme helps residents across Bromsgrove and Reddilch use volunteering as a stepping stone into employment. boosting confidence. gaining experieno. and learning new skills. We work closely with tho Job Cenlres in both areas to help their clients use volunteering to improve their employability. Our Live.Grow.Succeed. project is designed lo encourage mora young people to volunleor, and its dedicated wébsite livcgfowsucceed org hosts young people's voluntéering storios.
BROMSGROVE AND REDDITCH NETWORK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Communi Activities BURT (Bromsgrove Urban and Rur21 Trar)sport} is a community transport minibus in 8romsgrove for those who can't gel about on their own. Numbers continued lo grow after the pandemic. with numbers approaching pre- COVID levels. The seNice remains popular, and a vital lifeline lo our passengers. BARN continued to deliver Asset Based Communlly Development in Redditch. The project employs community builders lo support people to initiate and lake ownership of aGtivilies in their communities. focused around the neighbourhoods of Abbeydale and Woodrow, and also supporting minority eommunilies. The results of this programme are often unexpected, but hugely rewarding as the community takes control of ils own projects. Reimagine Reddltch. a four yearArts Council England funded project in Redditch, began in April 2022. BARN is the fund holder for the project until March 2C126. We employ the slaff team, working closely with other members of the Consortium that run tha project. In Bromsgrove we still host resources developed as part of the Support Bromsgrove partnership that came together as a result of COVID, and we offer a signposting and referral service for peoplé in Bromsgrove and Reddilch struggling because of cost of living pressures or other reasons. BARN also runs a number of grant schemes on behalf of fund8rs, and from lime lo lime holds money on behalf of VCS organisatSons that have no suitab18 account This year was our last al Community House, our home for thirteèn years. Prevlously a lively community hall and building, Reddilch Borough Council is selling th8 sile which meant BARN. liko thè other charities and community groups based there, had lo sa8rch for a new home. In April 2025 we relocated to our temporary home al The REDI Cenlre. befo a more perman8nl move later In the year. We're proud ID say that. despite this, we malnlained all our services without interrupllon. The continued support from our dedicated partners and funders, including R8ddilGh Borough Council, Bromsgrove District Council, and our local stral¢glc partnerships, continuèd lo be indispensable. 8ARN's core purposes remain advocating for and strengthening the voluntary and community sector across Bromsgrove and Reddilch, and 5etving ils communities. The successes of the past year, even amidst the signilicanl challenge of relocaling from Community House, are a lestam8nl to the hard work and dedication of our mcrnbers, trusle8S, staff, and volunteers. We remain proud supporters of the essential difference our communities and VCS organisalions make every day across Bromsgrove and Reddilch. Public benefit In setting the objectives, th8 trustees have given careful considoration lo Ihe Charity Commission's general guidance on public benefit and in particular to ils suppl8menlary public benefit guidance on advancing education. Achiovements and performance Financial rovlew During the year the charity made a nel doficil of £148,45312024 - net surplus of £121,182). Al the year end the charity had net assets of £303,35012024 nel assets of £449,803) Reserves policy The trustees consider that unrestricted reserves be held al a level approximately equal to between 1 and 3 months expenditure in order to be able to cover day lo day running costs in the unlikely event that future incoming resources ar8 either delayed or unduly cease. Structure. governance and management Governing document The charity is conlrolled by its governing documellt, ils Memorandum and Articles of Association, and consts'tutes a private company, limited by guarantee. as defined by the Companies Act 2006.
BROMSGROVE AND REDDITCH NETWORK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The Trust8es, who are also the directors for the purpose of company law, and who served during the year and up to the dale of signature of the financial statemènts wer6.. Mrs K Jones MrJ Cochrane Ms J Morris Mrs Y Rendell Mrs F Milch611 Dr B Coslello Mr A Hopkins Ms C Carmen (Retired 30 May 2025) (Retir8d 19 February20251 (Appointed 5 September 2025) Recrultmont and appointment of new trustees Trusta8s can co-opt new Iruslees, members musl vote to confirm the appointment of the new trustee al the AGM. Rlsk management The trustees havè a duly to identify and reviow the risks to which the charity is exposed and to &nsure appropriate controls are in place to provido reasonable assurance against fraud and error, Statement of Trustees. responslblllties The Trustees, who are also the diroclors of Bromsgrove And Reddilch Neork for the purpose of company law, are responsible lor pparing the Trustees, Report and the financial slalemenls in accoidance with applicable law and United Kingdom Accounling Standards IUni18d Kingdom Generally Accepted Accounting Practice). Company Law requires the Truslees lo prepare financial slalements for each financial y88r which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources, including the incorne and expenditure, of the charitable company for that year. In preparing these financial slalemenls. the Trustees are required to.. select suitable accounting policies and then apply them consistently: observe th8 methods and principles in th8 Charities SORP,, make ludgemonls and estimales that are reasonable and prudent, slate whether applicable UK Accounling Stsndafds hav8 been followed. subject lo any material departures disclosed and explained in tho financial slalements., and prepare the financial statements on th8 going concern basis unless il is inappropriate to presume that the charity will continue in opor81ion. The Trustees are responsible for keeping adequate accDunling records Ihal disc105e with reasonable accuracy al any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities, The Trustees, report was approved by the Board of Trustees. Yvonne Rendell CITP MBCS Chair
BROMSGROVE AND REDDITCH NETWORK INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BROMSGROVE AND REDDITCH NETWORK I report lo the Trustees on my axaminalion of the financial statements of Brom6grove And Redditch Network Ilhe charity> for the year 8nded 31 March 2025. Responsibillties and basis of report As the Trustees of the charity land a150 Ils directors for the purposes of company18wI, you are responsible for the preparalion c)f the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied mysell that the financial statements of the charity are not required lo be auditèd under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respoct of my examination ol the charity's financial statements carried out undor section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5llb) of the Charities Act 2011. Independent examiner's statement Since the charity's gross incomé exceeded £250,000, the independent examiner musl bé 2 member of a body listed in s8clion 145 of the Charities Act 2011. 1 confirm that l am qualified lo undartake the examination because l am a memb8r of th8 ICAEW whl¢h is on8 of the lisled bodies. I have completed my examination. I confirm that no matters have come lo my allenlion in Connection with the examin81ion giving me Cause lo believe that in any material re5pecl'. accounling records wer8 not kept in respect of the charity as required by section 386 of the Companies Act 2006. the financial statements do not accord with those records., or the finan¢lal stalem8nls do not comply with the accounting requiremonts of section 396 of the Companies Act 2006 other than any requirement that the financial statements givé 8 tru8 and fair view, which is not a maller considered as part of an indepondent examination., Of the financial statements have not been prepared in accordance with the mothods and principles ol the Slaloment cf Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial stalornenls in accordance with th8 Financial Reporting Standard appllc8ble in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other mallers in conneclion with th8 examinatlon lo which allenlion should ba drawn in thls report in order lo enable a proper understanding of the financial statements to be reached. Colm McGrory FCA Ormerod Rulter Limlled The Oakley Kidderminstor Road Droitwich Woicestershire WR9 9AY
BROMSGROVE AND REDDITCH NETWORK STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds 2025 2025 Total Unrgstrlcted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income from: Charitable activities Other trading aclivitSes Investments 103,567 2,348 1,069 418,687 522,254 2,348 1,069 75,774 2,150 868 523,506 599,280 2,150 868 Total income 106,984 418,687 525,671 78,792 523,506 602,298 enditure on.. Charilablo activities 89,422 582.702 672,124 81,590 399.526 481,116 Net incomel(expenditurel for the yearl Net movement In funds 17,562 (164,015} {146,4531 12,7981 123,980 121,182 Fund balances at 1 April 2024 56,297 393,506 449,803 59,095 269,526 328,621 Fund balances at 31 March 2025 73,859 229,491 303,350 58,297 393,506 449,803 The st81ement of financial activities includes all gains and losses recognised in the year, All income and expenditure derive from continuing aclivilies. The statement of financial activities also complies with the requirements for an income and 8xpenditure account under the Companies Act 2006.
BROMSGROVE AND REDDITCH NETWORK BALANCE SHEET ASAT 31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand 13 5.576 7,435 14 2,370 303,919 2.328 449,606 306,289 451.934 Creditors: amounts falling due within one year 15 (8,5151 {9.5661 Nel current assets 297,774 442,368 Total a88et8 less current Ilabllltles 303,350 449,803 Incomo funds Reslricled funds Unreslricled fun Designatcd funds General unr8stricled funds 20 229,491 393.506 18 20 51,500 22,359 45,500 10.797 73,859 56,297 303,350 449,803
BROMSGROVE AND REDDITCH NETWORK BALANCE SHEET (CONTINUED) ASA T31 MARCH 2025 The company is entitled to Ihe 8xemption from the audit requirement contained in section 477 of the Companies Act 2006, for th8 year ended 31 March 2025. The Trustees acknowledge th8ir responsibilities for ensuring that thé charity keeps accounting records which comply with section 386 of the Act and for preparing financial slalom8nts which give a tru8 and fair view of the slate of affairs of Ihe company as at the end ol the financial year and of ils incoming resources and applic8ts.on of resources, including ils income and expenditure, for the financial year in accordance with tha requiremonts of sections 394 and 395 and which olhemise Comply with the raquiremenls of th& Companies Act 2006 relating lo financi81 stalem8nls, so far as applicable lo Ihe company. The members have nal raquired the company to obtain an audit of its financial statements for the year in question in accordan with s8Ction 476. Th8sg financial statements have been prepared in accordanc8 with Ihe provisions appllcable lo companies subject to the small companies regime. The financial slalemenls were approved by the Trustees on Andre Hopkins Treasurer Company Regi5trallon No. 05814032
BROMSGROVE AND REDDITCH NETWORK STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operatlng activities Cash (absorbed by}Igenerated from operations 17 (146,756) 123,972 Inve81ing actlvities Investment income received 1,069 868 Net cash generatod from investing activitles 1,069 868 Net cash usod In financing actlvltles Net (dècrease)lincroase in cash and cash equivalenls (145,6871 124,840 Cash and cash equivalents at beginning of year 449,606 324,766 Cash and cash equivalents at end of year 303,919 449,606
BROMSGROVE AND REDDITCH NETWORK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charlty Information Bromsgrove And Reddilch Network is a private company limited by guarantee incorporated in England and Wales. The registered office is CIO Redi Centre, 54 South Street, Reddilch, Worcestershire. B98 7DQ. 1.1 Accounting convention The financial statements hava baen prepared in accordance with the charity's governing document, the Companies Act 2006 and -Accounling and Reporting by Charities: Statement of Recomm8nded Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {as effeclive from 1 January 20191. Th8 charity is a Public Banafit Entity as defined by FRS 102. The charity ha5 taken advantage of the provlsions In the SORP for Charities applying FRS 102 Update 8ulletin 1 not to prepare a Slal8ment of Cash Flows. Th8 financial statements are prepared in sterling, which is the fun¢tlonal currency of the charity. Monetary amounls in these linancial statements are rounded to the nearest £. The financial slalements have been prepared under the historical cost convention. The principal accounting policies adopted are s81 out b810w. 1.2 Going concern At the time of approving th8 financial slalemenls, the Trustees have a reasonable expeclalion that the charity has adequat8 resources lo continue in operational 6xlslence for the foreseeable fuluro. Thus the Trustees conlinuc lo adopt the going concern basis of accounting in pr6paring the financial slalements. 1.3 Charitable funds Unrestricted funds are available for use al the discrelion of the Trusleès in furtherance of their charitab18 objectives, Reslricled funds are subject lo specific conditions by donors or grantors 8S to how they may b8 used. Th8 purposes and uses of the restricted funds 8r8 881 out in the notes to the financial statements. 1.4 Incomlng resources All incoming resources are included on the Statemenl of Financial Activities when the charity is legally enlilled lo the income and the amount can be quanlified with reasonable ac¢uracy. 1.5 Resources expended Expendilure 13 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Whar8 Costs cannot bè directly allribuled lo particular headings they have been allocat8d lo activities on a basis consistent with the use of resources. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, nel of depreciation and any impairment losses. Depreciation is recognised so as lo wiile off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Motor vehicles 25 /0 reducing balan The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceéds and thè carrying value of Ihe asset, and is recognised in the statement of financial activities. 10-
BROMSGROVE AND REDDITCH NETWORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng poli¢les (Continued) 1.7 Impairment of fixed assets Al each reporting and date, Ihe charity reviews the carrying amounts of its tangible assets to determine wheth8r there is any indication that those assets have suflered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order lo determine the exlenl of Ihe impairment loss {if any), 1.8 Cash and cash equlvalents Cash and cash aquivalenls include cash in hand, daposits held al call with banks, other short-lerm liquid invéstments with original malurilies of three monlhs or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabililies. 1.9 Taxation Thè charity Is exempt from corporation tax on its charitable activities. 1.10 Retlrement beneflts Payments to defin8d contribution retirement b&nefit schemes are charged as an expense as they fall due. Critical accountlng estimates and judgements In the application of the charity's accounting policies, the Trustees are required lo mak8 judgements, estimal8s and assumptl¢ns about th6 carrying amount of assets and liabililies Ihal ar8 not readily apparent from olhcr SoUrs. The eslimales and associated assumptions are bas8d on historical experience and other factors that are considered lo be relevant. Actual results may differ fiom these oslimales. The estimates and underlylng assumptions are reviewod on an ongoing basis, Revisions lo accounllng 8Stimalos are recognised in the period in which the estimate is revised where the rovision affects only that period, or in the period of th8 r8vision and lulure periods where th8 r8vision affects both current and futur8 periods. Charltable activities 2025 2024 Income within charitable activities 522,254 599,280 Analysis by fund Unreslriclod funds Reslricled funds 103,567 418,687 75,774 523,506 522.254 599,280 Other trading activitles 2025 2024 Memberships 2,348 2,150 11
BROMSGROVE AND REDDITCH NETWORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from investments Unrestrlcted Unre8trl¢ted funds funds 202S 2024 Other income 1,069 868 Other material Income During the year, th& charity received funds of £1,691 on behalf of RCNT, £1,51)O from ModiSeNices Health on behalf of Headway and £300 from the Montal Plealth Action Group foi Woodrow Community Corner. These funds are classed as managed funds by the charity and are held by Bromsgrove and Reddilch Neiwork, the balanc8 in the remaining funds account al the year end Ss £22,857. In the prior year the charity received lunds of £13,465 from Worcestershire County CounGil, Worcestershire County Council's divisional funds and other donors, for running the Community Stories Schema and for the activities of Bromsgrove Pride. The balance in the funds account at tha year end was £22,192. Both the income and the corresponding expenditurè relating to managed grants has been excluded from the statement of financial aclivilies. Expendlture on Charitable actlvlties 2025 2024 Direct costs Staff costs Depreciation and impairment offi costs Insurance Project costs Sundries 325,059 1,859 8,458 2,051 333,026 197 318,750 2.478 6,018 2,482 150,512 180 670,648 480,420 Share of support and governance Costs (see note 81 Support Govern8nce 720 756 696 672,124 481.116 Analysis by fund Unreslricled funds Restricted funds 89,422 582.702 81,590 399,526 672,124 481,116 12
BROMSGROVE AND REDDITCH NETWORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocated to activities 2025 2024 Support Governanc8 costs 720 756 696 1.476 696 Analysed between: Unrestricted 1.476 696 Governance costs include £756 of Independent Examin8rs fees. {2024.' £696). Net movement in funds 2025 2024 The nel movement in funds is sla18d 8fter chargingllcrediting).. Fees payab18 for the independent examlnalion of the charity's finanaal statements Depre¢ialion of owned tangible fixed 8SS81s 756 1,859 696 2,478 10 Trustees Non8 of the Trust88s (or any persons connected with them) received any remuneration or benefits from the Charity during the year. 11 Taxation The charity is exempl from lax8lion on ils activities bgcause all ils in¢ome is applied for charitable purposes. 13
BROMSGROVE AND REDDITCH NETWORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Employees Number of employees The average monthly number of employees during the year was.. 2025 Number 2024 Number Staff 12 13 Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 295,794 21,067 8,198 292,297 17,933 8,520 325,059 318,750 Ther8 wer8 no gmployees whose annual remuneration was £60.000 or more. 13 Tangible fixed assets Motor vehicl&$ Cost At 1 April 2024 34,975 At 31 Mar¢h 2025 34,975 Depreciation and Impalrment At 1 April 2024 Oepreci8tion charged in the year 27,540 1.859 At 31 March 2025 29,399 Carrying amount Al 31 March 2025 5,576 At 31 March 2024 7,435 14 Debtors 2025 2024 Amounts falling due withln one year- Prepayments and accrued income 2,370 2.328 14-
BROMSGROVE AND REDDITCH NETWORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Creditors: amounts falllng due within one year 2025 2024 Other taxation and social security other creditors Accruals and deferred income 4.768 3,003 744 5,725 3,145 696 8,515 9,566 16 Retlrement benaflt schemes 2025 2024 Defined contribution schemes Charge to profil or loss in r8SP8ft of defined ¢onlribulion schemes 8,198 8,520 The charity contributes to defined contribution pension schemes for all qualifying employees. The assets of the schemes are held separately from those of the charity in independ8nlly adrninislered funds, 17 Cash (absorbed by)Igenerated from operation5 2025 2024 {Deficil115urplus for the year (146,4531 121,182 Adjustmènts for: Investment income recognised in slalement of financial activities 08precialion and Impairment of tangible fix8d assets (1,0691 1,859 18681 2,478 Movement9 in working ¢apltal: (Increase) in debtors IDe¢reaseyincrease in creditors (421 (1.051) 12571 1,437 Cash (absorbed byllgenerated from operations 1146,7561 123,972 15-
BROMSGROVE AND REDDITCH NETWORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Designated funds Designated funds are dislincl funds which have been sel aside from the unraslricled funds by the Iruslees for specific purposes. and are not available for general use. At 1 April 2024 Incomlng resources Resources Al 31 March expendod 2025 Minibus fund BARN Relocation 35,500 10,000 6,000 41,500 10.000 45,500 6,000 51,500 Previous year: At 1 April 2023 Incoming Resourcos At 31 March resou rces expended 2024 Minibus fund BARN Relocation 29,500 6,000 10,000 35,500 10,000 29,500 16,000 45.500 Mlnibus Fund funding for the purchase ol a minibus lo be used within the charity. BARN Rolocation funding for the relo¢alion of Charity aclivi118s lo n8w premis88. 20 Unrestrlcted funds The unreslricled funds of the charity comprise the unexpended balances of donation and grants which are not subject lo speilic conditions by donors and 9ranlors as lo how they may be used. At 1 April 2024 Incoming resources Resources expended Transfers Gains and Al 31 March losses 2025 General funds 10.797 100.984 189,4221 22,359 Previous year: At 1 April 2023 Incoming resources Resources expended Transfers Gains and At 31 March losses 2024 General funds 29,595 62,792 181 ,5901 10,797 16
BROMSGROVE AND REDDITCH NETWORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Restricted funds The income funds of th& charity include reslricled fun¢Js comprising the following unexpended balances of donations and gran15 held on trust for specific purposes.. At 1 April 2024 Incoming resources Resources At 31 March expended 2025 Reddilch Borough Council Community Builder Grant Arts CounGil England - Reimagine Redditch Redditch Borough Council Training and Infrastructure Bromsgrove District Council Training anrs Infraslru¢ture 138.140 255,366 73,004 298,571 157,5151 1478,0751 153,629 75,862 26,565 126.5651 20,547 120.5471 393.506 418,687 1582,7021 229,491 Previous year.. At 1 Aprll 2023 Incoming resources Resources At 31 March expended 2024 Reddilch Borough Council - Community Builder Grant Arls Council England - Reimagine Reddilch WFDC- Apprenticeship Support Arts Council England - Reimagine Redditch Reddit¢h Borough Council - Volunteer Centre 8aron Dav&nport - Community Minibus Worcestershire County Council - Bus Pass Discount Scheme 133,276 136,250 97,339 385,771 1,500 12.267 13,020 1.500 192,4751 1266.6551 11,5001 112.2671 113.0201 11,5001 138,140 255,366 12.109 112,1091 269,526 523,506 {399,526) 393,506 17
BROMSGROVE AND REDDITCH NETWORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Restricted funds (Continued) Redditch Borough Council - Community Builder funding lo deliver as5el based community development. Arts Council England Reimagino Rodditch funding lo support the CPP project relating lo Reddilch Reimagined. Redditch Borough Council Training and Infrastructure Support funding to support Ihe delivery of training and general maintenance of charity infraslruclure. Bromsgrove Dlstriet Council Training and Infraslructure Support funding lo support the delivery of training and genaral maintenance ol charity infraslruclure. Worcestershire County Councll . NIA WFDC Apprenticeship Support funding lo support development of an apprenticeship role within the ¢harily. Redditch Borough Counc51 Volunteer Centre funding to support the training programme and Volunteer Centre function in Rèddilch. Baron Davenport- Comrnunity Minibus funding for the running ol the 8URT community minibus. Worcestershire County Council - Bus Pass Dlscount Scheme funding Irom the bus pass discount scheme and a project lo encDurage people back lo community transport. 21 Analysis of net assets between fund$ Unrestrictcd funds 2025 Restricted funds 2025 Total 2025 At 31 March 2025: rangible assets Current assetsllliabililiesl 5,576 68,283 5.576 297,774 229,491 73,859 229,491 303.350 Unrestricted funds 2024 Restricled funds 2024 Total 2024 At 31 March 2024.. Tangible assets Current asselsllliabililiesl 7,435 48,862 7,435 442,368 393,506 56.297 393,506 449,803 22 Related party transactions There were no disclosable related party transactions during the year12024 none). 18