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← Gl11 Community Project

2025-03-31-accounts

Company no. 06855624 Charity no. 1130096

GL11 Community Project Ltd Report and Independently Examined Financial Statements

31 March 2025

GL11 Community Project Ltd

Reference and administrative details

Reference and administrative details Reference and administrative details
For the year ended 31 March 2025
Company number 06855624
Charity number 1130096
Registered office and Fairmead
operational address Cam
Dursley
Gloucestershire
GL11 5JS
Trustees Trustees, who are also directors under company law, who served during
the year and up to the date of this report are as follows:
D Cornell Chair
N Bennett (resigned 19 November 2024)
D Devereux (appointed 17 July 2024)
W Hamilton
S Hubbard (resigned 19 November 2024)
T Hull-Bailey (appointed 23 October 2024)
S Lane
S Olpin (resigned 1 June 2025)
J Pines
R Rees (appointed 22 January 2025)
J Richards
Chief executive officer I Redfern (resigned 13 April 2025)
L Wilson (appointed 15 April 2025)
Secretary I Redfern (resigned 13 April 2025)
L Wilson (appointed 15 April 2025)
Bankers Unity Trust Bank plc CAF Bank
Nine Brindley Place 25 Kings Hill Avenue
Birmingham West Malling
B1 2HB Kent
ME19 4JQ
Independent Godfrey Wilson Limited
examiners Chartered accountants and statutory auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS1 4QD

1

GL11 Community Project Ltd

Report of the trustees

For the year ended 31 March 2025

The trustees are pleased to present their report and financial statements for the year ended 31 March 2025.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

Structure, governance and management

Governing document

The charity, which is a company limited by guarantee, is controlled by its governing document, its Memorandum and Articles of Association dated 23 March 2009.

Organisational structure

GL11 Community Project is an incorporated charity limited by guarantee. The charity is run by a board of trustees who delegate the day-to-day operations of the charity to the Chief Executive Officer (CEO), who reports to the board as defined in the Constitution.

Recruitment and appointment of trustees

Trustees are appointed from within the community to meet the requirements of skills and diversity. Trustees attend 2 board meetings as observers before appointment and may then be co-opted as trustees. All trustees are then appointed at the AGM.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Public benefit

In planning the charity's activities for the period, the trustees kept in mind the Charity Commission's guidance on public benefit. The focus of the charity's activities during the period, is set out below.

Mission, objectives and activities

The objective of GL11 Community Project (now known as GL11 Community Hub) is the promotion of urban and rural regeneration in areas of social and economic deprivation and in particular the GL11 postcode area which covers Cam and Dursley and outlying communities. In response to the changing needs of our community, in April 2023 we reviewed our Vision and Values which have been amended as follows:

Our Values:

Listen. Look for Strengths. Act as if it is possible. Be kind and have fun. Be Brave.

Our Vision:

A connected, kind and can-do community in GL11 and surrounding areas.

2

GL11 Community Project Ltd

Report of the trustees

For the year ended 31 March 2025

Achieved by:

Activities

The after effects of Covid and the ongoing impact of the Cost of Living crunch continue to reverberate through our community. Our new vision encompasses both our traditional community based activities and support services, as well as developing an incubator approach, to grow and test community solutions that can then influence and support changes to address inequalities within systems.

Our activities:

  1. Creating a safe and supportive community space enabling friendship, bravery, learning and growth by providing:

  2. Courses in recreational and vocational subjects;

  3. Wellbeing courses and support;

  4. Mental Health counselling, health coaching and support;

  5. Employment support and money advice;

  6. Volunteering opportunities;

  7. Family and parenting support and activities;

  8. Activities for children and young people;

  9. Activities, events and outings for adults of all ages and abilities;

  10. Community Café;

  11. Foodbank and Food Pantry;

  12. Room hire to partner organisations; and

  13. Support development of local hubs across Stroud District.

  14. Working with communities and partners to achieve equal access to good quality of services for everyone in Gloucestershire by:

  15. Embedding Community Action Groups across GL11 activities and services;

  16. Developing community solutions;

  17. Pilot projects to trial community solutions; and

  18. Action research and dissemination of findings.

At GL11 we believe we are always stronger together; our welcoming community hub is a place where we can all belong, have fun, and shape the future of our community.

We focus on building relationships with local people that lead to practical, community solutions. By working side by side, we strengthen connections, solve challenges, and create change that starts small but grows big.

We are committed to shaping the system and bridging the gap between grassroots action and wider transformation. When people feel safe, connected, and valued, they don't just change their communities, they change the system itself.

3

GL11 Community Project Ltd

Report of the trustees

For the year ended 31 March 2025

We have refined our communications strategy, agreed on:

“ GL11 - A place to belong, a hub for action. ”

During this reporting period, GL11 Community Hub achieved notable successes across multiple areas. Our programme activities experienced strong participation including 563 individuals new to courses and 12 newly introduced courses, all of which received positive feedback.

Volunteer contributions were robust, totalling 643 hours, with three new volunteers joining our community.

Achievements and performance Cost of living support

Achievements and performance
Cost of living support
Pantry People using
thepantry		 No. of pantry
shopping slots
1st April 2024- 31st March 2025 221 1,407

Our community-focused initiatives showed substantial impact: the Community Outreach & Local Delivery (COLD) programme served 741 meals, averaging 82 meals per session. Additionally, our money advice sessions saw 49 visits, with 59% of users accessing the service for the first time.

Between 1st April 2024 and 31st March 2025, GL11’s food pantry - open every Wednesday to coincide with our Cost of Living Day and again on Fridays - was accessed 1,407 times by 221 individuals. This represents a 48% increase in pantry shopping slots used compared to the previous year (2023-2024).

These figures do not include the success of our Christmas hampers initiative, during which many individuals used the pantry to collect essential items along with festive treats, further highlighting the vital role the pantry plays in supporting our community year-round. The data for the Christmas hamper pantry can be found below.

4

GL11 Community Project Ltd

Report of the trustees

For the year ended 31 March 2025

Family Fun Day

Our June Family Fun Day was a resounding success, welcoming around 300 visitors despite challenging weather conditions, including wind and hail. Thanks to meticulous planning and coordination. The farmer themed approach proved effective, with the front-and-centre tractor attraction drawing plenty of attention. Free themed tattoos were a well-received alternative to a face painter, and the day offered strong team-building opportunities for staff and volunteers.

Families particularly enjoyed the “Farmers Games,” where children could play three games for just £1, and the Teddy stand was a crowd favourite. The event was well advertised and widely appreciated, showcasing the strength of our community engagement.

Christmas Activities and Build your own Hamper

For Christmas 2024, we took a fresh approach by evolving our traditional hamper offering. Instead of pre-prepared hampers, we introduced a "Build Your Own Hamper" initiative, giving participants more choice and ownership over what they received. We opened two evenings to be more accessible to those that work in the day.

As part of this initiative:

Our data also indicates that the ‘Build Your Own Hamper’ initiative successfully engaged 21 individuals who were new to GL11, demonstrating its effectiveness in reaching previously unengaged members of the community.

5

GL11 Community Project Ltd

Report of the trustees

For the year ended 31 March 2025

We had 7 Christmas themed meals for volunteers and local residents. One of these Christmas themed meals was our Christmas community lunch where we had 48 seniors attend which saw each person have a 3 course Christmas dinner.

Feedback from both staff and service users was overwhelmingly positive. We collected service user feedback via a dedicated board on the day, and responses were 100% positive and appreciative. Comments included words such as “ amazing ,” “ fantastic ,” and “ I’m so proud to be part of GL11 ” reflecting the enthusiasm and gratitude felt by the service users.

Support for mental health and wellbeing

The SMILE Community Action Group (CAG) has continued to advance its mission of fostering compassionate and inclusive communities for individuals with Serious Mental Illness (SMI). Recent activities have centred on empowering both community members and GL11 staff to provide effective mental health support while maintaining their own well-being. Training has been developed along with our peer volunteers on the difference between mental health and mental illness, the impact of stigma, common myths associated with mental illness, spotting signs, supporting oneself and others, safeguarding, treatment options, and signposting; peer member’s personal story of managing mental health issues and what our GL11 service does to support individuals. Our project lead and peer volunteers will deliver this training package. We also launched new signposting guidance on our website, offering comprehensive resources to support individuals in crisis. To further this accessibility, we have designed wallet-sized crisis cards, which were distributed at the recent GL11 Annual General Meeting (AGM) and available at the GL11 reception.

To further support the SMILE CAG’s initiatives, we have partnered with MIND’s Mental Health Work Commitment to ensure a safe and supportive environment at GL11. We are also collaborating with SMART Recovery and Ara Recovery for All to highlight the link between addiction and mental health. Ara Recovery for All will provide additional training on gambling addiction awareness for adults and youths and host drop-in sessions with our GL11 café.

Families benefited significantly from targeted programmes: Messy Mondays saw participation from 260 individuals, including 19 new families, and our Friday sessions engaged 325 participants, with seven new families joining. The October half-term activities reached 58 children, eight of whom were new attendees.

As part of ongoing commitment to supporting families, we offered a drop-in session specifically for parents of neurodivergent children. Following the success of the drop-in, we launched a dedicated support programme timed to coincide with our free creche to improve accessibility.

The work has not only provided practical support but also created a vital space for connection, learning and empowerment for families.

“ I'm loving the fact I'm being heard and believed. I'm learning along the way each week and finding support from other parents so helpful. I feel I'm starting to build my own support network and that has been fantastic. Thanks for GL11 and this group in particular, I have found the confidence to keep pushing and things are starting to look brighter in our lives because of it. ”

We have partnered with Talk Club, a weekly peer support group for men. We have also become a host for Dad’s matter who provide monthly group for Dad’s and their children.

6

GL11 Community Project Ltd

Report of the trustees

For the year ended 31 March 2025

We have coordinated exercise groups for people over 60 to meet, get moving and make connections with others. The groups have been highly popular with up to 25 people attending each week. The group has received fantastic feedback with participants noting an increase in their abilities, “ I’m more confident in climbing the stairs now. ”

Our Counselling and Health and wellbeing service, in partnership with the Primary Care Network, continues to provide high quality support to local residents.

Outcomes for the year show:

DiversiTEA

Adults with learning disabilities and older adults actively engaged in tailored services, with Explorers attracting 206 attendances and Feet Food and Friendship welcoming 133 attendees. The Diversity sessions drew 105 visitors over four sessions, demonstrating strong ongoing engagement.

7

GL11 Community Project Ltd

Report of the trustees

For the year ended 31 March 2025

Blood Pressure Project

The Community Engagement initiative was designed to raise awareness of hypertension and provide essential blood pressure checks at local community events, with the following objectives:

The project utilised community staff and one clinical lead and worked within the approach below

We achieved an impressive 93% follow-up rate. This proactive approach not only provided critical health support but also contributed to timely medical intervention for those at significant risk. Overall, the project has been a resounding success, fostering both community engagement and improved health outcomes.

8

GL11 Community Project Ltd

Report of the trustees

For the year ended 31 March 2025

Stroud District Community Hubs

GL11 continued to work alongside other community hubs in Stroud. Across the district, demand and capacity has increased by at least 50%.

9

GL11 Community Project Ltd

Report of the trustees

For the year ended 31 March 2025

Organisational Review

GL11 Community Hub has implemented significant structural changes within our Senior Leadership Team (SLT). Our previous CEO retired, and we now have Lisa Wilson as our Interim CEO. Recognising the need for enhanced strategic direction and robust oversight, we created the new roles of Head of Incubate & Develop, Head of Delivery, Head of Connect & Nourish, and Head of Governance & HR.

Future Plans

Saturday opening

Following the success of our National Lottery-funded Open Day in March, where we opened on a Saturday and welcomed over 70 visitors, we identified a significant opportunity to engage with a broader section of the community. Feedback from participants indicated that weekday work commitments (Monday to Friday) were a key barrier to previous engagement.

In response, GL11 will begin opening on Saturdays from August 9th, operating from 9:00am to 1:00pm. During the initial period, we will offer a variety of courses, events, and activities aimed at attracting both new and existing service users. The outcomes from the first 2 months of this will help guide what our Saturday openings look like in the future to ensure we continue to meet the needs of our community.

10

GL11 Community Project Ltd

Report of the trustees

For the year ended 31 March 2025

Pilot Chronic Pain project

A Chronic Pain project is due to launch this summer in partnership with the Primary Care Network, NHS Integrated Care Board, GL11 and Active Gloucestershire. The project provides a holistic approach to living with chronic pain.

Community Action Groups

During this period of societal uncertainty, we look forward to building upon hyper-local relationships, demonstrating the power of people and place to create a more equitable future for our communities.

Financial review

During the year to 31 March 2025, income increased by 15% to £995,114 (2024: £868,110), driven predominantly by an increase in grants and donations. Donations represent the principal funding source of the charity, with 92% (2024: 94%) of all income arising from donations, including grants. In the current year there were three (2024: two) grants received in excess of £100,000, from Berkeley Vale Primary Care Network, Big Lottery Fund and UK Shared Prosperity Fund (UKSPF). The amount raised through smaller donations of less than £5,000 reduced to £78,008 (2024: £80,025). Expenditure increased by 19% to £1,035,783 (2024: £867,654), due to cost of living increases, as well as increased delivery, reflecting the increasing demand for support within the community. This resulted in a net expenditure of £40,669 for the year (2024: net income of £456), and total charity funds at the year end of £497,405 (2024: £538,074).

Reserves policy

At 31 March 2025, of the total charity funds of £497,405 (2024: £538,074), there were restricted funds of £222,284 (2024: £283,079), and designated funds of £58,857 (2024: £58,537). In 2024 the board decided to update its designated funds such that its operating reserve and building maintenance fund is now contained within the general funds of the charity. The designated funds comprise the fixed asset fund, equalling the balance of unrestricted fixed assets on the balance sheet, which will be spent in line with the depreciation on these fixed assets.

The board have carried out risk assessments and developed the reserves policy, allocating sufficient funds required to cover anticipated future costs. The board determined that the general reserves of the charity should be between 3 and 6 months’ operating expenditure to ensure the continuation of service delivery and staffing in an uncertain funding environment and be able to fund building maintenance as it arises.

At 31 March 2025 the general reserves of the charity were £216,264, which represents approximately 5 months’ of operating expenditure. Therefore, the current level of reserves is in line with the reserves policy. As the organisational turnover increases the board are continually reviewing the level of reserves required and implementing practical measures to ensure that these are maintained in line with policy.

11

GL11 Community Project Ltd

Report of the trustees

For the year ended 31 March 2025

Statement of responsibilities of the trustees

The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to:

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

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Independent examiners

Godfrey Wilson Limited were re-appointed as independent examiners to the charitable company during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 16 July 2025 and signed on their behalf by

Doina Cornell

Doina Cornell - Chair

12

Independent examiner's report

To the trustees of

GL11 Community Project Ltd

I report to the trustees on my examination of the accounts of GL11 Community Project Ltd (the charitable company) for the year ended 31 March 2025, which are set out on pages 14 to 33.

Responsibilities and basis 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 accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Dougal Howard

Date: 16 July 2025

Dougal Howard ACA Member of the ICAEW For and on behalf of: Godfrey Wilson Limited

Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

13

GL11 Community Project Ltd

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2025

Note
Income from:
Donations
3
Charitable activities
4
Investments
Other income
Total income
Expenditure on:
Raising funds
Charitable activities:
Community
Outreach
Total expenditure
6
8
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Net income / (expenditure) and
net movement in funds		 Restricted Unrestricted
£
£
842,672
77,187
-
55,564
-
18,674
-
1,017
842,672
152,442
-
36,444
684,700
70,314
218,767
25,558
903,467
132,316
(60,795)
20,126
283,079
254,995
222,284
275,121		 2025
Total
£
919,859
55,564
18,674
1,017
995,114
36,444
755,014
244,325
1,035,783
(40,669)
538,074
497,405		 2024
Total
£
813,978
41,104
9,611
3,417
868,110
36,514
710,066
121,074
867,654
456
537,618
538,074

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 16 to the accounts.

14

GL11 Community Project Ltd

Balance sheet

As at 31 March 2025

Note
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Current asset investments
13
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
14
Net current assets
Net assets
15
Funds
16
Restricted funds:
Capital
Revenue
Unrestricted funds:
Total charity funds
Designated funds
General		 £
52,601
65,205
273,971
391,777
(50,220)		 2025
£
155,848
341,557
497,405
96,991
125,293
58,857
216,264
497,405		 Restated
2024
£
141,053
22,267
135,026
271,944
429,237
(32,216)
397,021
538,074
82,516
200,563
58,537
196,458
538,074

The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477, and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

15

GL11 Community Project Ltd

Balance sheet

As at 31 March 2025

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

Approved by the trustees on 16 July 2025 and signed on their behalf by

Doina Cornell

Doina Cornell - Chair

16

GL11 Community Project Ltd

Statement of cash flows

For the year ended 31 March 2025

Cash used in operating activities:
Net movement in funds
Adjustments for:
Depreciation charges
Dividends, interest and rents from investments
(Increase) / decrease in debtors
Increase in creditors
Net cash (used in) / provided by operating activities
Cash flows from investing activities:
Purchase of tangible fixed assets
Dividends, interest and rents from investments
Net cash used in investing activities
(Decrease) / increase in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Cash and cash equivalents comprises:
Current asset investments
Cash at bank and in hand		 2025
£
(40,669)
30,951
(18,674)
(26,819)
18,004
(37,207)
(45,746)
15,159
(30,587)
(67,794)
406,970
339,176
65,205
273,971
339,176		 Restated
2024
£
456
23,327
(9,611)
63,097
11,717
88,986
(34,835)
9,611
(25,224)
63,762
343,208
406,970
135,026
271,944
406,970

The charity has not provided an analysis of changes in net debt as it does not have any long term financing arrangements.

Prior period cash and cash equivalents has been reclassified to recognise short term cash deposits held at the period end as current asset investments.

17

GL11 Community Project Ltd

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies

GL11 Community Project Ltd is a charitable company limited by guarantee registered in England and Wales. The registered office address is Fairmead, Cam, Dursley, Gloucestershire, GL11 5JS.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

GL11 Community Project Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charitable company is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charitable company's ability to continue as a going concern.

c) Income

Income is recognised when the charitable company has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charitable company has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Earned income received in advance of provision of goods or services is deferred until the criteria for income recognition are met.

d) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charitable company; this is normally upon notification of the interest paid or payable by the bank.

e) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charitable company. Designated funds are unrestricted funds of the charitable company which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charitable company's work or for specific projects being undertaken by the charitable company.

18

GL11 Community Project Ltd

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies (continued)

f) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

g) Grants payable

Grants which have been authorised and paid are included as expenditure in the Statement of Financial Activities. Grants which have been authorised but not yet paid are accrued in the balance sheet and are included within creditors falling due within one year or after one year (as appropriate).

h) Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities on the basis of proportional staff costs:

vities on the basis of proportional staff costs:
2025 2024
Raising funds 3.3% 3.9%
Charitable activities - community 82.9% 86.6%
Charitable activities - outreach 13.8% 9.5%

i) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Leasehold improvements Straight line over the life of the lease
Equipment 15 years straight line
Computer equipment 3 years straight line

Items of equipment are capitalised where the purchase price exceeds £1,000.

j) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

k) Current asset investments

Current asset investments consist of balances held on short term deposit in interest bearing accounts, with a maturity date between 3 and 12 months.

19

GL11 Community Project Ltd

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies (continued) l) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

m) Creditors

Creditors 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 party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

n) Financial instruments

The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

o) Pension costs

The company operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.

p) Accounting estimates and key judgements

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

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

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below.

Depreciation

As described in note 1(i) to the financial statements, depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. Depreciation rates in operation during the current and prior period are detailed in note 1(i).

20

GL11 Community Project Ltd

Notes to the financial statements

For the year ended 31 March 2025

2. Prior period comparatives: statement of financial activities

Income from:
Donations
Charitable activities
Investments
Other income
Total income
Expenditure on:
Raising funds
Charitable activities
Community
Outreach
Total expenditure
Net income / (expenditure)
Transfers between funds
Net movement in funds		 Restricted
£
744,797
-
-
-
744,797
533
685,913
106,680
793,126
(48,329)
(8,500)
(56,829)		 £
69,181
41,104
9,611
3,417
123,313
35,981
24,153
14,394
74,528
48,785
8,500
57,285
Unrestricted		 2024
Total
£
813,978
41,104
9,611
3,417
868,110
36,514
710,066
121,074
867,654
456
-
456

21

GL11 Community Project Ltd

Notes to the financial statements

For the year ended 31 March 2025

3. Income from donations

Income from donations
Grants of more than £5,000:
Barnwood Trust
Berkeley Vale Primary Care Network
Big Lottery Fund
Gloucestershire County Council
Henry Smith Trust
Historic England
National Heritage
NHS Gloucestershire CCG
Peter Lang Children's Trust
Sport England
Stroud District Council
The Cotswold Primrose Trust
Julia and Hans
The Morrisons Foundation
UK Shared Prosperity Fund (UKSPF)
Donations of more than £5,000:
Anonymous
Susanna Peake Charitable Trust
The 29 May 1961 Charitable Trust
The John Horseman Trust
The Louis Nicholas Residuary Charitable Trust
The Waterloo Foundation
Grants or donations of less than £5,000
Total donations		 Restricted
£
50,000
119,125
114,339
55,612
68,700
5,000
9,795
44,400
30,000
10,850
81,133
5,302
25,000
7,210
175,385
-
-
-
-
-
-
40,821
842,672		 £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
10,000
5,000
5,000
5,000
5,000
10,000
37,187
77,187
Unrestricted		 2025
Total
£
50,000
119,125
114,339
55,612
68,700
5,000
9,795
44,400
30,000
10,850
81,133
5,302
25,000
7,210
175,385
10,000
5,000
5,000
5,000
5,000
10,000
78,008
919,859

22

GL11 Community Project Ltd

Notes to the financial statements

For the year ended 31 March 2025

3.
Income from donations (continued)
Prior period comparative
Grants of more than £5,000:
Barnwood Trust
Berkeley Vale Primary Care Network
Big Lottery Fund
County of Gloucestershire Community
ESHO
Gloucestershire Community Foundation
Gloucestershire County Council
Gloucestershire Gateway Trust
Julia and Hans
National Grid Community Matters Fund
NHS Gloucestershire CCG
Peter Lang Children's Trust
Stroud District Council
The National Lottery
UK Shared Prosperity Fund (UKSPF)
Donations of more than £5,000:
Paul Patrick
The Pierrepont Trust
The John Horseman Trust
Grants or donations of less than £5,000
Total donations
4.
Income from charitable activities
Participant income
Room hire		 Restricted
£
54,350
106,544
109,942
5,153
18,677
6,500
45,678
26,000
7,000
8,990
63,584
36,061
69,233
78,905
66,893
10,443
-
-
30,844
744,797		 £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
10,000
10,000
49,181
69,181
2025
£
53,245
2,319
55,564
Unrestricted		 2024
Total
£
54,350
106,544
109,942
5,153
18,677
6,500
45,678
26,000
7,000
8,990
63,584
36,061
69,233
78,905
66,893
10,443
10,000
10,000
80,025
813,978
2024
£
39,518
1,586
41,104

All income from charitable activities was unrestricted in the current and prior period.

23

GL11 Community Project Ltd

Notes to the financial statements

For the year ended 31 March 2025

5. Government grants

The charity received the following government grants:

Government grants
The charity received the following government grants:
Big Lottery Fund
Gloucestershire County Council
Historic England
Sport England
Stroud District Council
Stroud District Council (UKSPF)
The National Lottery		 2025
£
114,339
55,612
5,000
10,850
81,133
175,385
-
442,319		 2024
£
109,942
45,678
-
-
69,233
66,893
78,905
370,651

There are no unfulfilled conditions in respect of the government grants disclosed above (2024: none). The charity did not benefit from any other forms of government assistance during the year (2024: none).

24

GL11 Community Project Ltd

Notes to the financial statements

For the year ended 31 March 2025

6. Total expenditure

Total expenditure
Staff costs (note 9)
Grants payable (note 7)
Insurance
Light and heat
IT costs
Telephone
Postage and stationery
Advertising
Sundries
Sessional workers
Project resources
Training and consultancy
Repairs and renewals
Cleaning
Accountancy
Subscriptions
Fundraising
Depreciation
Sub-total
Total expenditure
Allocation of support and
governance costs		 Raising
funds
£
17,391
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
13,287
-
30,678
5,766
36,444		 Charitable
activities -
community
£
439,766
-
5,695
11,837
12,554
6,045
3,381
4,574
3,246
9,322
100,557
-
8,295
1,768
519
1,656
-
-
609,215
145,799
755,014		 £
73,297
126,280
324
2,000
978
420
90
-
650
-
12,237
850
1,649
500
300
450
-
-
220,025
24,300
244,325
Charitable
activities -
outreach		 £
98,046
-
4
1,661
501
355
231
27
4,792
9,116
14,075
10,847
1,144
485
3,360
270
-
30,951
175,865
(175,865)
-
Support and
governance
costs		 2025 Total
£
628,500
126,280
6,023
15,498
14,033
6,820
3,702
4,601
8,688
18,438
126,869
11,697
11,088
2,753
4,179
2,376
13,287
30,951
1,035,783
-
1,035,783

Total governance costs were £3,840 (2024: £3,660).

25

GL11 Community Project Ltd

Notes to the financial statements

For the year ended 31 March 2025

6. Total expenditure (continued) Prior period comparative

Staff costs (note 9)
Grants payable (note 7)
Insurance
Light and heat
IT costs
Telephone
Postage and stationery
Advertising
Sundries
Sessional workers
Project resources
Training and consultancy
Repairs and renewals
Cleaning
Accountancy
Subscriptions
Fundraising
Depreciation
Sub-total
Total expenditure
Allocation of support and
governance costs		 Raising
funds
£
18,298
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
11,811
-
30,109
6,405
36,514		 Charitable
activities -
community
£
409,036
-
4,146
9,580
11,973
4,867
4,702
6,303
3,816
5,587
88,700
9,997
3,503
1,890
-
2,797
-
-
566,897
143,169
710,066		 £
44,854
48,163
250
300
1,668
762
352
1,000
88
-
7,810
-
100
27
-
-
-
-
105,374
15,700
121,074
Charitable
activities -
outreach		 £
103,209
-
1,500
4,861
3,626
1,654
834
279
4,746
6,300
5,272
1,446
3,644
282
3,952
342
-
23,327
165,274
(165,274)
-
Support and
governance
costs		 2024 Total
£
575,397
48,163
5,896
14,741
17,267
7,283
5,888
7,582
8,650
11,887
101,782
11,443
7,247
2,199
3,952
3,139
11,811
23,327
867,654
-
867,654

26

GL11 Community Project Ltd

Notes to the financial statements

For the year ended 31 March 2025

7. Grants payable

During the year the charity made grants to the following 8 institutions (2024: 8). There were no outstanding commitments at the reporting date.

Paganhill Community Group
Forest Green Rovers Community
Top of Town Community Hub
Cashes Green Community Centre
All Pulling Together
The Keepers
Trinity - Stroud Earth Community
Middle of the Hill Community Group
Great Britain Foundation		 2025
£
15,785
-
15,785
15,785
15,785
15,785
15,785
15,785
15,785
`
126,280		 2024
£
6,020
6,020
6,020
6,020
6,020
6,021
6,021
6,021
-
48,163

8. Net movement in funds This is stated after charging:

Depreciation
Operating lease payments
Trustees' expenses
Trustees' remuneration
Independent examiner's remuneration (excluding VAT)		 2025
£
30,951
759
123
Nil
3,200		 2024
£
23,327
Nil
72
Nil
3,050

Trustees' expenses representing travel and training costs amounting to £123 were paid to 1 trustee in the year (2024: £72, 1 trustee).

In common with other charities of our size and nature we use our independent examiners to assist with the preparation of the financial statements.

9. Staff costs and numbers Staff costs were as follows:

Salaries and wages
Social security costs
Pension costs		 2025
£
570,432
35,871
22,197
628,500		 2024
£
523,573
32,929
18,895
575,397

27

GL11 Community Project Ltd

Notes to the financial statements

For the year ended 31 March 2025

9. Staff costs and numbers (continued)

Termination and redundancy payments totalling £12,300 (2024: £nil) are included within salaries and wages costs. These costs related to an ex-gratia payment.

No employee earned more than £60,000 during the current or prior period.

The key management personnel of the charity comprise the trustees, the Chief Executive, the Business Support Director, and the Community Wellbeing Director. The total employee benefits of the key management personnel of the charity were £142,026 (2024: £124,141).

Average head count 2025
No.
36.0		 2024
No.
32.0

10. Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

11. Tangible fixed assets

£
Cost
At 1 April 2024
227,764
Additions
45,746
At 31 March 2025
273,510
Depreciation
At 1 April 2024
90,530
Charge for the year
30,497
At 31 March 2025
121,027
Net book value
At 31 March 2025
152,483
At 31 March 2024
137,234
Leasehold
improvements		 Equipment
£
6,810
-
6,810
2,991
454
3,445
3,365
3,819		 £
1,180
-
1,180
1,180
-
1,180
-
-
Computer
equipment		 Total
£
235,754
45,746
281,500
94,701
30,951
125,652
155,848
141,053

28

GL11 Community Project Ltd

Notes to the financial statements

For the year ended 31 March 2025

12. Debtors

Debtors
Trade debtors
Prepayments
Accrued income		 2025
£
45,543
805
6,253
52,601		 2024
£
20,844
1,423
-
22,267

13. Current asset investments

Short term deposits

Restated
2025 2024
£ £
65,205 135,026

Prior period current asset investments have been reclassified to recognise short term cash deposits held at the period end.

14. Creditors : amounts falling due within 1 year

Trade creditors
Accruals
Other taxation and social security
Other creditors		 2025
£
19,882
18,587
8,131
3,620
50,220		 2024
£
10,648
9,777
8,441
3,350
32,216

29

GL11 Community Project Ltd

Notes to the financial statements

For the year ended 31 March 2025

For the year ended 31 March 2025
15.
Restricted
funds
£
Tangible fixed assets
96,991
Current assets
144,893
Current liabilities
(19,600)
Net assets at 31 March 2025
222,284
Prior period comparative
Restricted
funds
£
Tangible fixed assets
82,516
Current assets
215,930
Current liabilities
(15,367)
Net assets at 31 March 2024
283,079
Analysis of net assets between funds		 Designated
funds
£
58,857
-
-
58,857
Designated
funds
£
58,537
-
-
58,537		 General
funds
£
-
246,884
69,820
216,264
General
funds
£
-
213,307
(16,849)
196,458		 Total
funds
£
155,848
391,777
50,220
597,845
Total
funds
£
141,053
429,237
(32,216)
538,074

30

GL11 Community Project Ltd

Notes to the financial statements

For the year ended 31 March 2025

16. Movements in funds

Movements in funds
Restricted capital funds:
Restricted revenue funds:
Family and youth projects
Mental health & wellbeing
Programme & volunteering
Café and pantry
Outreach
Other restricted funds
Total restricted funds
Unrestricted funds
Designated funds:
Fixed asset fund
Total designated funds
General funds
Total unrestricted funds
Total funds
Gloucestershire Environmental
Trust (Leasehold
improvements)
Other funds for leasehold
improvements		 At 1 April
2024
£
28,216
54,300
17,342
66,925
24,909
2,000
26,270
63,117
283,079
58,537
58,537
196,458
254,995
538,074		 Income
£
-
32,933
117,242
158,025
185,237
53,942
193,497
101,796
842,672
-
-
152,442
152,442
995,114		 £
(4,703)
(13,755)
(106,083)
(189,605)
(180,637)
(52,942)
(218,767)
(136,975)
(903,467)
(12,493)
(12,493)
(119,823)
(132,316)
(1,035,783)
Expenditure		 £
£
-
23,513
-
73,478
-
28,501
-
35,345
-
29,509
-
3,000
-
1,000
-
27,938
-
222,284
12,813
58,857
12,813
58,857
(12,813)
216,264
-
275,121
-
497,405
At 31
March 2025
Transfers
between
funds
222,284
58,857
58,857
216,264
275,121
497,405

General funds includes the three months' operational reserves and future building maintenance fund as set out in the Reserves Policy.

31

GL11 Community Project Ltd

Notes to the financial statements

For the year ended 31 March 2025

For the year ended 31 March 2025 the year ended 31 March 2025
**16. ** Movements in funds (continued)
Prior period comparatives Transfers
At 1 April between At
 31 March
2023 Income Expenditure funds 2024
£ £ £ £ £
Restricted capital funds:
Gloucestershire Environmental
Trust (Leasehold
Improvements) 32,919 - (4,703) - 28,216
Other funds for leasehold
improvements 63,350 - (9,050) - 54,300
Restricted revenue funds:
Family and youth projects 9,426 59,529 (51,613) - 17,342
Wellbeing 14,320 - - (14,320) -
Mental health & wellbeing - 175,321 (108,396) - 66,925
Programme & volunteering - 243,037 (217,780) (348) 24,909
Employment support 4,600 18,677 (23,277) - -
Café and pantry 70,597 23,549 (92,146) - 2,000
Outreach 17,447 110,697 (105,374) 3,500 26,270
Other restricted funds 127,249 113,987 (180,787) 2,668 63,117
Total restricted funds 339,908 744,797 (793,126) (8,500) 283,079
Unrestricted funds
Designated funds:
Future running costs 164,000 - - (164,000) -
Future building maintenance 10,000 - - (10,000) -
Fixed asset fund - - - 58,537 58,537
Total designated funds 174,000 - - (115,463) 58,537
General funds 23,710 123,313 (74,528) 123,963 196,458
Total unrestricted funds 197,710 123,313 (74,528) 8,500 254,995
Total funds 537,618 868,110 (867,654) - 538,074
Purposes of restricted funds
Restricted capital funds Used
to		 improve disability
access		 and for building
improvements.
Family and youth projects Supporting staff and project costs for children's Adventure Play

Supporting staff and project costs for children's Adventure Play activities and activity costs for preschool children and families Parenting thru Play programme.

32

GL11 Community Project Ltd

Notes to the financial statements

For the year ended 31 March 2025

16. Movements in funds (continued) Purposes of restricted funds (continued)

Mental health & wellbeing

Staff, management and project costs for health coaching, counselling and mental wellbeing activities.

Programme & volunteering

Staff, management and project costs for volunteering and programme activities.

Café and pantry Staff, overheads and Café costs allocated for community café and food pantry.

Outreach Staff costs to support community hubs across the Stroud district.

Other restricted funds Various other restricted funds not falling within the above categories, including pilot projects, restricted funds for core salaries etc.

Purposes of designated funds

Fixed asset fund This fund recognises the charity's funds held as unrestricted fixed assets.

17. Operating lease commitments

The charitable company had no operating lease commitments at the year end (2024: none).

18. Related party transactions

There were no related party transactions in the current or prior period.

33