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← Gl Communities

2025-03-31-accounts

Company registration number 06742832 (England and Wales) Charity registration number 1134656 (England and Wales)

GL COMMUNITIES

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

GL COMMUNITIES

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees J Dunsford
A Gardiner
L Kelch
J. Stone
H. Beer (Appointed 28 January 2025)
T. Douglas (Appointed 25 February 2025)
A. Pope (Appointed 25 February 2025)
E. Pullin (Appointed 25 February 2025)
Secretary J Dunsford
Charity number 1134656
Company number 06742832
Registered office The Trinity Centre
60 Norbury Avenue
Gloucester
GL4 6AH
Independent examiner Nicholas Bishop FCCA ACA
Unit 3 Ambrose House
Meteor Court
Barnett Way
Barnwood
Gloucester
GL4 3GG
Bankers Lloyds Bank plc
Eastgate Street
Gloucester
GL1 1NU

GL COMMUNITIES

CONTENTS

Page
Trustees' report 1 - 3
Statement of trustees' responsibilities 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Statement of cash flows 8
Notes to the financial statements 9 - 18

GL COMMUNITIES

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 financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".

Objectives and activities

The charity's objects (as defined in its Memorandum of Association) are:

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Significant activities and achievements against objectives

We are immensely proud to present the Annual Report and Financial Statements describing GL Communities work during 2024-2025.

At its heart GL Communities exists to serve the residents of Gloucester. That statement brings up a lot of questions. Which residents? Who gets to say what it means to “serve”? Should all residents be served equally? How do we know we are doing a good enough job? And so on. It is neither easy to answer those questions nor to satisfy everyone who might ask them. This is made harder by knowing we have limited financial and human resources to achieve all our aims. It is with great pride that I can safely say GL Communities has over the past year taken those questions as its guiding light, using them as a challenge to improve what we do, how we do it, and who is served by the work we do. Finding the money we need to deliver everything from money advice and education programmes for thousands of individuals to maintaining the building is increasingly difficult in the face of continued austerity and an ever competitive charitable sector. Inequality is rising, not falling. Most of our users have been affected by rising prices for even the most basic goods. Whilst it may seem like these are issues for government to solve, nothing beats having a team that is willing to listen to what people in our neighbourhood really want to live fulfilled lives.

The successes and challenges throughout this report are a great testament to the immense work of the staff, board of trustees and volunteers at GL Communities, day in day out. And to the partnerships with other organisations that allow for us to be at the frontline of everything from environmental issues to youth engagement. They are a reflection of the thousands of hours these people have dedicated to challenging the inequalities in our community and providing the things people really want and need. This work is neither perfect nor done. We welcome further challenge and input from the people who live in the city, old, young, from whatever background and faith. We are reviewing our strategy this coming year as well as acknowledging that, so much can change. We are measuring our impact to see what we are doing well and what can improve even further.

GL COMMUNITIES

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

We would like to thank our users who make use of our services whether this is Money Advice Service, Employability, Inclusion, Community Development, Community Connectors and Wellbeing to name just a few. Their actions and voices are really what this charity is about. This report is just a small reflection of that community spirit.

Finally, we would like to thank all the many people we have worked with for their strength, humour and desire to bring about positive change for themselves and for others. We would like to express our gratitude to all those who have supported GL Communities, whether through funding, donations, partnership working, volunteering their time, or through the dedication of our staff and Board members.

As we reflect on another year, it is appropriate recognise the commitment of our Chief Executive Officer, who retires at the end of October 2025, having been with GL Communities since 1998. Sue has been an outstanding colleague and a great advocate to GL Communities. Her leadership, wisdom and unwavering commitment has helped guide GL Communities through some of its most important milestones. We are incredibly grateful for everything she has done, and we know her legacy will continue to benefit the charity and our community for many years to come.

Financial review

Over the past few years, GL Communities has faced some of the most challenging circumstances in its history. Since 2020, the board has had to make exceptionally difficult decisions in response to a funding landscape that has grown ever more competitive, while the demand for our services has never been higher. We have worked tirelessly to streamline costs across every part of the organisation, including making tough choices about our buildings and resources, all with the aim of ensuring we can continue to serve the residents of Gloucester who rely on us most.

Despite these pressures, this year’s accounts are a testament to the hard work and dedication of our staff, trustees, and volunteers. Thanks to careful financial management and the support of our partners and funders, GL Communities ended the year with a significant improvement in our financial position. Total income rose to £623,290, up from £419,038 the previous year, driven by increased grant funding and other income streams. Expenditure was tightly controlled at £551,735, resulting in a positive net movement in funds of £71,555. Our reserves have grown, with total funds at year-end standing at £113,081, compared to £41,526 last year. This achievement reflects the board’s commitment to making difficult decisions for the long-term sustainability of our charity, ensuring we can continue to meet the needs of our community in the years ahead.

Reserves policy

The purpose of this Reserves Policy is to ensure that GL Communities maintains an appropriate level of financial reserves to safeguard the organisation's ongoing activities, manage financial risks, and ensure sustainability in the event of unforeseen circumstances or fluctuations in income.

Reserves are that part of the charity's funds which are freely available to be spent on any of its charitable purposes. They exclude:

At a Board meeting on 25th March 2025, it was agreed to reduce the Reserves amount held to 3 months of the charity's core operating expenditure. It was further agreed that the Reserves Policy would be reviewed annually, and that the Finance and Resources Committee would monitor it regularly.

The Board of Trustees aspires to maintain unrestricted reserves equivalent to three months of the charity's core operating expenditure.

GL COMMUNITIES

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management

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:

J Dunsford

A Gardiner L Kelch

J. Stone A. Doyle (Resigned 30 April 2024) H. Beer (Appointed 28 January 2025) T. Douglas (Appointed 25 February 2025) A. Pope (Appointed 25 February 2025) E. Pullin (Appointed 25 February 2025)

Recruitment and appointment of trustees

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

A Gardiner L Kelch Trustee Trustee

22 December 2025

GL COMMUNITIES

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2025

The trustees, who are also the directors of GL Communities 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 charity 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 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.

GL COMMUNITIES

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GL COMMUNITIES

I report to the trustees on my examination of the financial statements of GL Communities (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity (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 charity 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 charity’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

Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

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.

Nicholas Bishop FCCA ACA

Unit 3 Ambrose House Meteor Court Barnett Way Barnwood Gloucester GL4 3GG 22 December 2025

GL COMMUNITIES

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income and endowments from:
Donations and legacies
3
34,600
475,791
Investments
4
226
-
Other income
5
88,116
24,557
Total income
122,942
500,348
Expenditure on:
Charitable activities
6
31,558
520,177
Total expenditure
31,558
520,177
Net income/(expenditure) and
movement in funds
91,384
(19,829)
Reconciliation of funds:
Fund balances at 1 April 2024
15,817
25,709
Fund balances at 31 March
2025
107,201
5,880		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
510,391
38,649
342,526
226
321
-
112,673
12,490
25,052
623,290
51,460
367,578
551,735
65,013
387,708
551,735
65,013
387,708
71,555
(13,553)
(20,130)
41,526
29,370
45,839
113,081
15,817
25,709		 Total
2024
£
381,175
321
37,542
419,038
452,721
452,721
(33,683)
75,209
41,526

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

GL COMMUNITIES

BALANCE SHEET

AS AT 31 MARCH 2025

Notes
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
Total assets less current liabilities
The funds of the charity
Restricted income funds
16
Unrestricted funds
17		 2025
£
21,241
147,501
168,742
(55,662)		 £
1
113,080
113,081
5,880
107,201
113,081		 2024
£
14,535
47,236
61,771
(20,912)		 £
667
40,859
41,526
25,709
15,817
41,526

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its 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 22 December 2025

A Gardiner Trustee

L Kelch Trustee

GL COMMUNITIES

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

Notes
Cash flows from operating activities
Cash generated from/(absorbed by)
operations
20
Investing activities
Investment income received
Net cash generated from investing activities
Net cash generated from financing activities
Net increase/(decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
£
226		 £
100,039
226
-
100,265
47,236
147,501		 2024
£
£
(144,913)
321
321
-
(144,592)
191,828
47,236

GL COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

GL Communities is a private company limited by guarantee incorporated in England and Wales. The registered office is The Trinity Centre, 60 Norbury Avenue, Gloucester, GL4 6AH.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. 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 charity 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.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity 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 charity 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 charity 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.

GL COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.6 Tangible fixed assets

Tangible fixed assets 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 bases:

Computers

25% straight line

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.

Assets individually costing under £2,000 are written off to the Statement of Financial Activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity 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 charity 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 charity's balance sheet when the charity 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

GL COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Retirement benefits

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

2 Critical accounting estimates and judgements

In the application of the charity’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
-
-
Grants
34,600
475,791
34,600
475,791		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
-
2,020
-
510,391
36,629
342,526
510,391
38,649
342,526		 Total
2024
£
2,020
379,155
381,175

GL COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

4 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 226 321

5 Other income

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Rent & recharges
87,736
24,557
Other income
380
-
Ebay & clothing sales
-
-
88,116
24,557		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
112,293
10,010
23,830
380
1,014
1,222
-
1,466
-
112,673
12,490
25,052		 Total
2024
£
33,840
2,236
1,466
37,542

GL COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

6 Expenditure on charitable activities

Direct costs
Staff costs
Depreciation and impairment
Training and recruitment
Telephone and internet
Rent and rates
Heat and light
Repairs and renewals
Sundry
Printing, postage and stationery
Travel and expenses
Equipment
Insurance
Events
Accountancy and bookkeeping
Subscriptions
Legal and professional
Bank charges
Management charges
Analysis by fund
Unrestricted funds
Restricted funds
7
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets		 2025
£
374,533
666
18,356
7,845
5,006
14,437
9,225
750
4,545
3,327
4,201
5,221
10,629
10,699
4,626
-
91
77,578
551,735
31,558
520,177
551,735
2025
£
1,800
666		 2024
£
339,230
1,142
11,763
5,812
14,261
13,359
15,826
1,860
7,550
4,083
6,738
6,268
6,134
8,890
4,787
4,898
120
-
452,721
65,013
387,708
452,721
2024
£
1,800
1,142

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

GL COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

9 Employees

The average monthly number of employees during the year was:

Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
21
2025
£
328,524
15,659
30,350
374,533		 2024
Number
21
2024
£
300,051
12,602
26,577
339,230

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

10 Taxation

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

11 Tangible fixed assets

Tangible fixed assets
Computers
£
Cost
At 1 April 2024 11,049
At 31 March 2025 11,049
Depreciation and impairment
At 1 April 2024 10,382
Depreciation charged in the year 666
At 31 March 2025 11,048
Carrying amount
At 31 March 2025 1
At 31 March 2024 667

GL COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

12
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
13
Creditors: amounts falling due within one year
Notes
Other taxation and social security
Deferred income
14
Trade creditors
Other creditors
Accruals
14
Deferred income
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2024
Released from previous periods
Resources deferred in the year
Deferred income at 31 March 2025
15
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2025
2024
£
£
19,305
12,773
1,936
1,762
21,241
14,535
2025
2024
£
£
4,650
13,194
44,350
-
2,028
4,086
2,499
1,832
2,135
1,800
55,662
20,912
2025
2024
£
£
44,350
-
2025
2024
£
£
44,350
-
-
67,232
-
(67,232)
44,350
-
44,350
-
2025
2024
£
£
30,350
26,577

GL COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

15 Retirement benefit schemes

(Continued)

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

16 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 1 April Incoming Resources At 31 March
2024 resources expended 2025
£ £ £ £
Good Things Foundation - 6,000 (6,000) -
Rank Foundation core - 25,000 (25,000) -
Venture White City - 24,557 (24,557) -
Warm Spaces project - 17,498 (17,498) -
Carers Gloucestershire - 5,513 (5,513) -
GL11 Advice Funding - 8,800 (8,800) -
Active Glos Funding - 44,131 (38,251) 5,880
Gloucester City Council Advice - 5,650 (5,650) -
Gateway Growing - 14,444 (14,444) -
Gateway Costs - 20,000 (20,000) -
Gateway Loop - 32,800 (32,800) -
Gateway Food - 6,600 (6,600) -
APT Funding - 8,238 (8,238) -
Ramblers Charitable Trust - 434 (434) -
GGT - Sparks - 23,113 (23,113) -
ESHO - 52,659 (52,659) -
Trussell Trust - 88,465 (88,465) -
Multiply - 36,000 (36,000) -
SFGB (ex MAW) - 55,860 (55,860) -
RANK Time to Shine 25,000 - (25,000) -
Recharged costs (291) 13,331 (13,040) -
Small grants <£2,500 1,000 3,095 (4,095) -
Culture Matson - 8,160 (8,160) -
25,709 500,348 (520,177) 5,880

GL COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

16 Restricted funds (Continued)
Previous year: At 1 April Incoming Resources At 31 March
2023 resources expended 2024
£ £ £ £
(291) (291)
Health Equalities Partnership 10,688 - (10,688) -
Carers Gloucestershire 3,437 - (3,437) -
GL11 Advice Funding 1,411 8,124 (9,535) -
National Grid 5,349 10,000 (15,349) -
Levelling Up Together 24,954 25,500 (50,454) -
Gateway Growing - 13,000 (13,000) -
Gateway Costs - 20,000 (20,000) -
Gateway Loop - 26,150 (26,150) -
Gateway Food - 6,000 (6,000) -
APT Funding - 16,256 (16,256) -
MTRA - 4,733 (4,733) -
Mens Shed - 10,000 (10,000) -
ESHO - 51,570 (51,570) -
Trussell Trust - 40,703 (40,703) -
Multiply - 24,230 (24,230) -
SFGB (ex MAW) - 55,860 (55,860) -
RANK Time to Shine - 25,000 - 25,000
Recharged costs - 23,830 (23,830) -
Small grants <£2,500 - 6,622 (5,622) 1,000
45,839 367,578 387,708 25,709

17 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 1 April Incoming Resources At 31 March
2024 resources expended 2025
£ £ £ £
General funds 15,817 122,942 (31,558) 107,201
Previous year: At 1 April Incoming Resources At 31 March
2023 resources expended 2024
£ £ £ £
General funds 29,370 51,460 (65,013) 15,817

GL COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

18 Analysis of net assets between funds

Unrestricted Restricted Total
funds funds
2025 2025 2025
£ £ £
At 31 March 2025:
Tangible assets 1 - 1
Current assets/(liabilities) 107,200 5,880 113,080
107,201 5,880 113,081
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 March 2024:
Tangible assets 667 - 667
Current assets/(liabilities) 15,150 25,709 40,859
15,817 25,709 41,526
19 Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
20 Cash generated from/(absorbed by) operations 2025 2024
£ £
Surplus/(deficit) for the year 71,555 (33,683)
Adjustments for:
Investment income recognised in statement of financial activities (226) (321)
Depreciation and impairment of tangible fixed assets 666 1,142
Movements in working capital:
(Increase)/decrease in debtors (6,706) 31,918
(Decrease) in creditors (9,600) (76,737)
Increase/(decrease) in deferred income 44,350 (67,232)
Cash generated from/(absorbed by) operations 100,039 (144,913)

21 Analysis of changes in net funds

The charity had no material debt during the year.