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← Nowbelieve

2025-04-05-accounts

Company registration number 06977077 (England and Wales) Charity registration number 1132384 (England and Wales)

NOW BELIEVE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

NOW BELIEVE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr D L Muir
Mr H P Wentworth de Pelet
Mr D H Barclay
Mr O Vickerman
Secretary Mr D L Muir
Country of incorporation United Kingdom
(England and Wales)
Company registration number 06977077
Charity number (England and Wales) 1132384
Principal address Newleaze Farm
Bowden Road
Templecombe
Somerset
BA8 0PG
Registered office Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF
Independent examiner Colin Dadswell FCA FCCA DChA
Caladine Limited
Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF
Bankers Lloyds Bank
55 Newerne Street
Lydney
Gloucestershire
GL15 5RA

NOW BELIEVE

CONTENTS

Page
Trustees' report 1 - 3
Statement of trustees' responsibilities 4
Independent examiner's report 5
Statement of financial activities 6
Statement of financial position 7
Notes to the financial statements 8 - 15

NOW BELIEVE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 5 APRIL 2025

The trustees present their annual report and financial statements for the year ended 5 April 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the trust's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice 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

The trust's objects are to advance the Christian faith in London and in such other parts of the United Kingdom and the world as the trustees think fit. This is to be achieved through the ministry of Christian evangelist, Dominic Muir, together with Christian events and festivals.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake and believe the religious objects are for the public benefit.

Achievements and performance

This has been a significant and encouraging year for Now Believe, marked by growth, deepening partnerships, and expanding gospel impact across the UK.

Expansion of Now Believe Ministries

Throughout the year we have seen the Now Believe ministries grow in strength, reach, and confidence. There has been a clear sense of momentum, with increasing engagement from individuals, churches, and partner organisations who share our heart to see lives transformed by the gospel of Jesus Christ.

Bread Cafe and Community, Yeovil

Bread has gone from strength to strength as both a welcoming coffee shop in Yeovil town centre and a vibrant hub for mission and community life. We have continued to provide excellent hospitality, high quality coffee, and a warm, inclusive space that invites conversation and connection.

Bread has hosted a wide range of gatherings, including evangelistic outreaches, church fellowship events, worship and praise gatherings, big lunches around the long table, film nights, children’s story time, bread making sessions, and more. These activities have helped establish Bread as a trusted and well loved presence in the town.

The church has been encouraged by the visible fruit of this work and the testimonies emerging from it.

Outreach and Training Across the UK

Alongside the growth of Bread, many outreaches have taken place across the country. A particular highlight has been the new partnership with King’s Army and Jesus at the Door. Through this partnership, we have trained many people to share the gospel simply, confidently, and effectively in everyday settings.

We also hosted a large King’s Army Training Academy in London, equipping believers from across the nation for evangelism and mission.

NOW BELIEVE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

London Events and Festivals

In partnership with National Day of Prayer and Worship, we hosted a launch event in London with many in attendance. This partnership played a key role in the early part of 2025, which saw two large festivals in London that we organised. Both events led to large scale street outreaches, with teams taking the gospel into the surrounding areas.

We also hosted a major outreach in Trafalgar Square in partnership with Walking Like Jesus Ministries. This was a powerful public witness, marked by bold proclamation, prayer, and compassionate engagement with those passing through the square.

Bread Conference

Our annual Bread Conference was a highlight of the year. People attended from all over the country for a time of excellent teaching, practical equipping, rich fellowship, and street outreach. The conference strengthened relationships, refreshed vision, and released many back into their local contexts with renewed faith and courage.

Looking Ahead

Overall, this has been a year of growth, fruitfulness, and encouragement for Now Believe. We are grateful for all those who have supported, partnered, prayed, and served alongside us. We look forward with faith and expectation to continuing to grow from strength to strength in the year ahead.

Financial review

There was a deficit for the year in the general funds of £18,330 (2024: Surplus of £1,552)

Reserves policy

It is the long term policy of the trust that unrestricted funds which have not been designated for a specific use should be maintained at a level of 2 months expenditure.

Major risks

The trustees have assessed the major risks to which the trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The trust is a company limited by guarantee and was incorporated on the 30 July 2009. It registered with the Charity Commission for England and Wales on 28 October 2009.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr D L Muir Mr H P Wentworth de Pelet Mr D H Barclay Mr R P Fothergill (Resigned 1 December 2024) Mr O Vickerman Mr J Wainwright (Resigned 1 July 2025)

Recruitment and appointment of trustees

The appointment of Trustees is by the majority vote of the existing office holders.

Only persons with suitable ability and experience are appointed trustees.

NOW BELIEVE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

Organisational structure

The day to day work of the Trust is led by Dominic Muir and support team with the legal and fiscal management governed by the Trustees.

The trustees' report was approved by the Board of Trustees.

SIGN .............................. fh. out

.............................. Mr H P Wentworth de Pelet Trustee

5.1.26 Date: .............................................

NOW BELIEVE

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 5 APRIL 2025

The trustees, who are also the directors of Now Believe for the purpose of company law, are responsible for preparing the Trustees' 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 give a true and fair view of the state of affairs of the trust and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the trust 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 trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

NOW BELIEVE

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NOW BELIEVE

I report to the trustees on my examination of the financial statements of Now Believe (the trust) for the year ended 5 April 2025.

Responsibilities and basis of report

As the trustees of the trust (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 trust 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 trust’s financial statements carried out under 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(5)(b) of the Charities Act 2011.

Independent examiner's statement

I have completed my examination. I confirm that no 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 financial statements to be reached.

Colin Dadswell FCA FCCA DChA

Caladine Limited Chantry House 22 Upperton Road Eastbourne East Sussex BN21 1BF

Date: ............................

NOW BELIEVE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 5 APRIL 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
3
52,245
66,228
Charitable activities
4
94,671
-
Other trading activities
5
-
-
Investments
6
4
-
Total income
146,920
66,228
Expenditure on:
Charitable activities
7
165,250
66,228
Total expenditure
165,250
66,228
Net income/(expenditure) and
movement in funds
(18,330)
-
Reconciliation of funds:
Fund balances at 6 April 2024
29,623
-
Fund balances at 5 April 2025
11,293
-		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
118,473
39,519
74,869
94,671
85,390
-
-
3,768
-
4
-
-
213,148
128,677
74,869
231,478
127,125
74,869
231,478
127,125
74,869
(18,330)
1,552
-
29,623
28,071
-
11,293
29,623
-		 Total
2024
£
114,388
85,390
3,768
-
203,546
201,994
201,994
1,552
28,071
29,623

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

NOW BELIEVE

STATEMENT OF FINANCIAL POSITION

AS AT 5 APRIL 2025

2025 2024
Notes £ £ £ £
Fixed assets
Property, plant and equipment 14 14,221 23,502
Current assets
Trade and other receivables 15 9,262 19,511
Cash at bank and in hand 24,235 8,951
33,497 28,462
Current liabilities 16 (36,425) (22,341)
Net current (liabilities)/assets (2,928) 6,121
Total assets less current liabilities 11,293 29,623
Net assets 11,293 29,623
The funds of the trust
Unrestricted funds 19 11,293 29,623
11,293 29,623

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 5 April 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 financial 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 financial statements were approved by the trustees on .........................

y | SIGN / \ | f .............................. .............................. Mr D L Muir Mr H P Wentworth de Pelet Trustee Trustee 5.1.26 .

Company registration number 06977077 (England and Wales)

NOW BELIEVE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

1 Accounting policies

Company information

Now Believe is a private company limited by guarantee incorporated in England and Wales. The registered office is Chantry House, 22 Upperton Road, Eastbourne, East Sussex, BN21 1BF.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the trust's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice 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)". The trust is a Public Benefit Entity as defined by FRS 102.

The trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the trust. 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 trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern 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 furtherance of their charitable objectives.

1.4 Income

Income is recognised when the trust is legally entitled to it after any performance 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 trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Expenditure

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

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

NOW BELIEVE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

1 Accounting policies (Continued)

Resources are expended in the period in which they are incurred and allocated to the particular cost centre to which they relate.

1.6 Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Leasehold improvements 20% on a straight line basis Fixtures, fittings & equipment 25% on a straight line basis Computers 25% on a straight line basis Motor vehicles 20% on a straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of non-current assets

At each reporting end date, the trust reviews the carrying amounts of its tangible assets to determine whether there is any indication 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 impairment loss (if any).

1.8 Cash and cash equivalents

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 trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the trust's balance sheet when the trust becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the trust is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12 Taxation

The trustees consider that the charity is not liable to United Kingdom corporation tax on its charitable activities.

NOW BELIEVE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

2 Critical accounting estimates and judgements

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

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations and gifts
52,245
66,228
Donations and gifts
Donations and gifts
51,753
66,228
Gift aid refunds
492
-
52,245
66,228		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
118,473
39,519
74,869
117,981
38,450
74,869
492
1,069
-
118,473
39,519
74,869		 Total
2024
£
114,388
113,319
1,069
114,388

4 Income from charitable activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Evangelistic activities
Event income 29,877 4,415
Bread Cafe sales 64,794 80,975
94,671 85,390
5 Income from other trading activities
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Letting and licensing arrangements - 3,768

NOW BELIEVE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

6 Income from investments

Interest receivable
Expenditure on charitable activities
Evangelistic
activities
Bread Cafe
2025
2025
£
£
Direct costs
Staff costs
32,042
53,925
Ministry expenses
5,264
-
Travel, accomodation and
subsidence
5,687
-
Festival and conference
costs
12,273
-
Cafe equipment
-
4,467
Cafe direct costs
-
36,541
Cafe rent
-
30,602
Advertising and marketing
-
11,300
55,266
136,835
Grant funding of activities
(see note 8)
4,302
-
Share of support and governance costs (see note 9)
Support
17,460
12,995
Governance
3,180
1,440
80,208
151,270
Analysis by fund
Unrestricted funds
80,208
85,042
Restricted funds
-
66,228
80,208
151,270		 Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
4
-
Total
Evangelistic
activities
Bread Cafe
Total
2025
2024
2024
2024
£
£
£
£
85,967
21,377
55,556
76,933
5,264
8,620
-
8,620
5,687
3,504
-
3,504
12,273
3,102
-
3,102
4,467
-
3,378
3,378
36,541
-
30,771
30,771
30,602
-
32,076
32,076
11,300
-
6,127
6,127
192,101
36,603
127,908
164,511
4,302
2,877
-
2,877
30,455
12,245
18,892
31,137
4,620
2,173
1,296
3,469
231,478
53,898
148,096
201,994
165,250
53,898
73,227
127,125
66,228
-
74,869
74,869
231,478
53,898
148,096
201,994		 Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
4
-
Total
Evangelistic
activities
Bread Cafe
Total
2025
2024
2024
2024
£
£
£
£
85,967
21,377
55,556
76,933
5,264
8,620
-
8,620
5,687
3,504
-
3,504
12,273
3,102
-
3,102
4,467
-
3,378
3,378
36,541
-
30,771
30,771
30,602
-
32,076
32,076
11,300
-
6,127
6,127
192,101
36,603
127,908
164,511
4,302
2,877
-
2,877
30,455
12,245
18,892
31,137
4,620
2,173
1,296
3,469
231,478
53,898
148,096
201,994
165,250
53,898
73,227
127,125
66,228
-
74,869
74,869
231,478
53,898
148,096
201,994
Total
2024
£
76,933
8,620
3,504
3,102
3,378
30,771
32,076
6,127
164,511
2,877
31,137
3,469
201,994
127,125
74,869
201,994

7 Expenditure on charitable activities

NOW BELIEVE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2025

8 Grants payable

Evangelistic Evangelistic
activities activities
2025 2024
£ £
Grants to institutions:
Compassion Child Sponsorship 2,038 2,044
Jesus Image USA 2,256 818
Other 8 15
4,302 2,877
Support costs allocated to activities
2025 2024
£ £
Depreciation 9,281 9,347
Computer, website & IT 3,499 2,454
Light and heat 10,882 11,248
Insurance 4,050 2,085
Office rent 650 1,875
Office consumables 1,050 3,439
Bank charges 888 689
Sundry expenses 155 -
Governance costs 4,620 3,469
35,075 34,606
Analysed between:
Evangelistic activities 20,640 14,418
Bread Cafe 14,435 20,188
35,075 34,606
2025 2024
Governance costs comprise: £ £
Legal and professional - 73
Independent examination 744 480
Accountancy 2,436 1,320
Payroll costs 1,440 1,596
4,620 3,469

9 Support costs allocated to activities

NOW BELIEVE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

10 Net movement in funds 2025 2024
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable to the charity's independent examiner:
- for the independent examination of the charity's financial statements 744 480
- for other assurance services 2,316 1,320
- for other financial services 1,440 1,596
Depreciation of owned property, plant and equipment 9,281 9,347

11 Trustees

The majority of the travel and ministry expenses relate to work undertaken by Dominic Muir, a trustee of the charity, in his role as a Christian evangelist. A salary of £28,442 was paid to Mr Muir (2024: £21,377) in respect to this role. Mr Muir received no remuneration for his work as a trustee. The charity also rented an office in Mr Muir's home and rent of £650 (2024: £1,875) was paid during the year. The authority for the payment to Trustees for services rendered to the Charity is contained within the Memorandum and Articles of Association.

Mrs T Muir, wife of Mr D Muir, received a salary of £3,600 for work in the Bread Cafe.

Apart from the details above, none of the trustees (or any persons connected with them) received any remuneration during the year or were reimbursed expenses.

The total aggregate donations made to the charity by the trustees (and any person connected to them) during the year amounted to £2,916 (2024: £46,915).

12 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
7 7
Employment costs 2025 2024
£ £
Wages and salaries 85,364 76,656
Other pension costs 603 277
85,967 76,933

There were no employees whose annual remuneration was more than £60,000.

13 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

NOW BELIEVE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2025

14
Property, plant and equipment
Leasehold
improvements
Fixtures,
fittings &
equipment
Computers
£
£
£
Cost
At 6 April 2024
30,875
20,027
2,289
At 5 April 2025
30,875
20,027
2,289
Depreciation and impairment
At 6 April 2024
11,115
16,285
2,289
Depreciation charged in the year
7,410
1,871
-
At 5 April 2025
18,525
18,156
2,289
Carrying amount
At 5 April 2025
12,350
1,871
-
At 5 April 2024
19,760
3,742
-
15
Trade and other receivables
Amounts falling due within one year:
Trade receivables
Other receivables
Prepayments and accrued income
16
Current liabilities
Other taxation and social security
Accruals and deferred income
17
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 Motor
vehicles
£
27,302
27,302
27,302
-
27,302
-
-
2025
£
152
9,110
-
9,262
2025
£
5,835
30,590
36,425
2025
£
603		 Total
£
80,493
80,493
56,991
9,281
66,272
14,221
23,502
2024
£
-
10,511
9,000
19,511
2024
£
1,546
20,795
22,341
2024
£
277

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the trust in an independently administered fund.

NOW BELIEVE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

18 Restricted 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.

At 6 April Incoming Resources At 5 April
2024 resources expended 2025
£ £ £ £
Bread Café Fund - 66,228 (66,228) -
Previous year: At 6 April Incoming Resources At 5 April
2023 resources expended 2024
£ £ £ £
Bread Café Fund - 74,869 (74,869) -

Bread Café Fund - Represents monies initally given to aid in establishing the Bread Café and subsequently to support its operation. Many items of equipment were purchased and capitalised as fixed assets. A transfer equal to the amount capitalised has been included in the comparative period as the restrictions on these gifts has been satisfied.

19 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 6 April Incoming Resources At 5 April
2024 resources expended 2025
£ £ £ £
General funds 29,623 146,920 (165,250) 11,293
Previous year: At 6 April Incoming Resources At 5 April
2023 resources expended 2024
£ £ £ £
General funds 28,071 128,677 (127,125) 29,623

20 Related party transactions

During the year the Charity purchased merchandise for sale in the Bread café from I Am So Many Things Ltd, a company controlled by Trustee Mr Muir. Payments for goods amounted to £5,476.

Except for this transaction and those detailed in note 11, there were no other disclosable related party transactions during the year (2024 - none).