Charity Registration Number: 1143842 Company Registration Number.. 04382420 (England and Wales) SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED CONTENTS Page Legal and administrative information Trustees, Report 3to6 Auditor's report sialement of financial activities 10 Balance sheet 11 Consolidated cash flow statement 12 Notes to the consolidated cash flow statement 13 Notes to the financial statements 14to24
SPII"FIRE ADVICE AND SUPPORT SERVICES LI[lTED LEGAL AND ADMINSTRATIVE INFORMATION Trustees D Lane (Chair of Trustees) M DLJnsford G Sima A Reid L Killeen Company Secretary R Goodwin Registered Office Spitfire House Castle Vale Community Campus 10 High Street Castle Vale Birmingham B35 7PR Charity number.. 1143842 Company number: 04382420 (registered in England and Wales) Auditors Locke Williams Associates LLP Chartered Accountants Registered Auditors Studio 2 50-54 Sl Pauls Square Birmingham Wesl Midlands B3 1QS
SPITFIRE ADVICE AND SUPPORI SERVICES LI[1"[ED TRUSTEES REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED 31 MARCH 2025 The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report and unaudiled financial slalemenls of the charity for the year ending 31 March 2025. The Trustees The Trustees, who served during the year and up to the dale of approval of this report, were.. D Lane (Chair of Trustees) M Dunsford G Sima A Reid L Killeen None of the directors has any beneficial interest in the company. All the Trustees are members of the company and guarantee to contribute £1 in the event of winding up. Governing document The Charity is controlled by its governing document, a deed of Trust, and constitutes a limited company, limit by guarantee as defined under the Companies Act 2006. Organisational structuro The charity is governed by ils Board of Trustees, supported by a Secretary and the Senior Management Team. The Trustees meet regularly lo set the strategic direction, oversee performance, and ensure compliance with statutory and regulatory requirements. ' Risk management The Trustees have a duly lo identify and review the risks to which the charity is exposed and lo ensure appropriate controls are in place to provide reasonable assurance against fraud, error, and mismanagement. Risks are reviewed regularly by the Board, and a risk register is maintained and updated as necessary. Objectives and activities Spitfire Services exists lo reduce social exclusion, promote resilience, and strengthen communities in Castle Vale and across Birmingham. Our objectives are.. To contribute to the reduction in social exclusion in Castle Vale and the wider community. To actively promote volunteering and citizenship among all groups. To encourage sustainable development within community organisalions. To represent and advocate for residents on a wide range of issues. To support and develop community groups lo build strength, independence, and resilience. To uphold and protect people's basic human rights. All activities undertaken by the charity further these charitable purposes for the public benefit, in accordance with Charity Commission guidance.
SPITFIRE ADVILE AND SUPPORI SERVICES LIMITED Achievements and performance The last 12 months have been about resilience al Spitfire Services,. the impact of the Cosl-of-living Crisis was present for the whole year, so we continued to deliver an emergency response. It was delivered in a very different way lo the changing needs developing in the community, which plunged many people into a different type of crisis. Additionally, we have continued to improve our services and our reach to the most vulnerable people. The past year has been one of resilience and adaptation for Spitfire Services. The ongoing impact of the Cosl-of-Living Crisis has continued to affect both the communities we support and our own operations. Despite these challenges, the organisation has remained strong, expanding its reach and improving services lo ensure those most need receive help, hope, and practical support. Rising energy costs continued lo pul significant pressure on our facilities, particularly Castle Pool, whilst Ulilily Costs levelled out they are still higher than they were pre the Cost of Living Crisis. Nevertheless, we remained focused on our commitment to financial and community resilience. Our Warm Space initiative al Castle Vale Community Library has become a lifeline for local people, offering warmth, connection, and advice in one welcoming community hub. While Castle Vale remains al the heart of our work, Spitfire Services now delivers support across Birmingham, including.. Shard End - Money Advice support via the library and community partners. Kingslanding -community via partner organizalions. Slockland Green outreach support via trusted partners. Erdinglon- working via the Job Centre. Falcon Lodge working in partnership with Compass Support Ward End and Washwood Heath via the Job Cenlre. Money Advice Services Our Money Advice and 8enefits Support Services have continued to provide vital assistance lo families experiencing financial hardship. Many of the people we help are among the most excluded in our city. Over the last year, demand for support has grown by over 50 % as the cosl-of-living crisis continues to impact low- income households. Supporting People in Crisis Through our Crisis Fund, we provide direct, practical support that changes lives and removes barriers for people in poverty. Each intervention allows us to deliver early help, connect individuals with longer-term support, and reduce the pressure on statutory services. We remain committed to helping families build resilience, strength, and independence in the face of adversily. Community Services Upcycle Birmingham Upcycle Birmingham, now in its tenth year, continues to be a fixture of the Castle Vale community. As a wholly owned subsidiary of Spitfire Services It now diverts over 204 tonnes of furniture each year and provides affordable, high-quality items to local households in need. Our showroom at St Gerard's Church Centre allows us lo reach even more people, while the Meeting Place Café continues to grow-crealingjobs, training opporlunilies, and social connection. Over the past year, we strengthened the staff team and extended opening hours lo engage more residents.
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED Castle Pool Castle Pool,Is a linked charity lo Spitfire Services inaugurated by the late Queen Elizabeth 11 in 1981, continues lo be a commurTrily health and wellbeing asset. Energy price increases presented significant challenges, but we have redoubled efforts lo improve sustainability and efficiency. Castle Pool remains a thriving hub for residents, schools, and local swimming clubs. Achievements in Numbers Helped 10,200 people who were in financial crisis. Provided 496 people with in-depth casework support. Released £2,500,000. income into communities. Delivered 8,160 food parcels.. Supported 408 families lo furnish their homes.. Supported 408 people in crisis. 3,570 adults accessed Castle Pool. 11 Schools access swimming lessons from Castle Pool. Volunteering at the Heart of Our Work Volunteers remain at the heart of our community impact. This year, 51 volunteers contributed 7344 hours of their time and skills across our services in real terms adding £89,600 of support lo the organisalion. We also supported several local groups to establish their own volunteer programmes, improve safeguarding, and coordinate DBS checks. Financial Revlew Our Board of Trustees and Senior Management Team meet regularly lo review financial performance across Spitfire Services and ils social enterprises. Detailed management accounts are reviewed quarterly lo ensure we meet our budgets and remain financially sustainable. The ongolng cosl-of-living pressures have required continued vigilance and adaptability. We continue to work closely with funders, partners, and government agencies lo secure new funding opporlunilies and maximise the impact of every pound spent. Principal Funding Sources Enterprise Activity- income generated from Upcycle Birmingham CIC and Castle Pool Community Partnership. Funding Contracts- including the Pioneer Group and Birmingham City Council {LEAS) to deliver Money, Debt, and Benefits Advice. Grants and Trusts - including the National Lollery Community Fund and charitable trusts such as the Roughley Trust, the Cole Charitable Trust, the Saintbury Trust, their support has been instrumental in helping us reach families in crisis and sustain vital community services. Reserves Policy The Trustees consider that, in the current economic climate, financial diligence remains crucial. We continue lo work towards maintaining unreslricled reserves equivalent lo three months of operating costs. This level is considered appropriate lo safeguard operations against unforeseen financial pressures. Al 31 March 2025, total reserves were £178,417 {2024 £145,624), of which £67,500 (2024 £nill were restricted, leaving £110,91712024 £145,624) as unrestricted.
SPI I klRE ADVICE AND SUPPORT SERVICES LIMITED Statement of Trustees, Responsibilities The Trustees (who are also directors for the purposes of company law) are responsible for preparing this report and the financial slalements in accordance with applicable law and UK Accounting Standards. In preparing those statements, the Trustees must.. Select suitable accounting policies and apply them consistently. Observe the methods ar)d principles of the Charity SORP (FRS 102). Make judgements and estimates that are reasonable and prudent. Slate whether applicable UK Accounting Standards have been followed. Prepare the accounts on a going to be of concern unless il is inappropriate lo presume thai the charity will continue its operations. The Trustees are also responsible for maintaining proper accounting records and safeguarding the charity's assets against fraud and mismanagement. In so far as the trustees are aware.. there is no relevant audit information of which the charitable company's auditors are unaware., and the trustees have taken all steps that they ought lo have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. This report has been prepared in accordance with the special provisions of Parl 15 of the Companies Act 2006 relating to small companies. Approval This report was approved by the Board of Trustees and signed on ils behalf by.. D Lane Chair of Trus Dale.. es
SPITFIRE ADVICE AND SUPPORT SERVICES LI[lTED REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED Opinion We have audited the financial slalemenls of Spitfire Advice and Support Services Limited (the parent 'charilable company,) and its subsidiary {Ihe 'group') for the year ended 31 March 2025 which comprise the consolidated Slalement of Financial Activities, the consolidated and parent company Balance Sheet, the consolidated Cash Flow Statement and notes lo the financial slalemenls, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial slalements.. give a true and fair view of the slate of the group's and of the parent charitable company's affairs as al 31 March 2024 and of the group's incoming resources and application of resources, including ils income and expenditure, for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. In the previous accounting period the trustees of the company took advantage of audit exemption under s144 of the Charities Act. Therefore, the prior period financial statements were not subject lo audit. Basls for oplnion We conducted our audit in accordance wilh International Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial slalemenls section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient 2nd appropriate lo provide a basis for our opin ion. Concluslons relating to golng concern In auditing the financial slalemenls, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial slalements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubl on the charitable company's ability lo continue as a going concern for a period of al least twelve months from when the financial slalemenls are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The Iruslees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial slalements does not cover the other information and, except to the exlenl olhefwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
SPITFIRE ADVICE AND SUPPLJRT SERVICES LItWilTED In connection with our audit of the financial slalements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misslaled. If we identify such material inconsistencies or apparent material misstatements, we are required lo determine whether this gives rise lo a material misstalemenl in the financial slalements themselves. If, based on the work we have performed, we conclude that there is a material misslalemenl of this other information, we are required lo report that fact. We have noth ing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consislenl with the financial stalemenls., and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misslalements in the Report of the Trustees. We have nothing lo report in respect of the following matters where the Companie5 Act 2006 requires us to report lo you if, in our opinion.. adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us,. or the financial slalements are not in agreement with the accounting records and returns., or certain disclosures of trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit., or the trustees were not entitled to take advantage of the small companies exemption from the requirement lo prepare a Strategic Report or in preparing the Report of the Trustees. Responslblllties of trustees As explained more fully in the Slalement of Trustees, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary lo enable the preparation of financial statements that are free from material misstalemenl, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability lo continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative bul to do so. Our responsibilities for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free frorn material misstatement, whether due lo fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS (UK) will always delecl a material misstatement when it exists. Misstalemenls can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial slatemenl5.
SPITFIRE ADVICk AlD SUPPORT SERVICES LIMITED Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo delecl material misslatemenls in respect of irregularities, including fraud. The extent lo which our procedures are capable of detecting irregularities, including fraud is detailed below.. We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which il operates, and considered the risk of acts by the company that were contrary lo applicable laws and regulations, including fraud. We designed audit procedures lo respond to these risks, recognising that the risk of not delecling a material misslalemenl due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. We focussed on laws and regulations which could give rise lo a material misstatement in the financial slalemenls, including, bul not limited lo, the Companies Act 2006 and UK lax legislation. Our lesls included agreeing the financial statement disclosures lo underlying supporting documentation, enquiries with management and enquiries of third parties where appropriate. There are inherent limitations in the audit procedures described above and, the further removed non- compliance with laws and regulations is from the events and transactions reflected in the financial slalemenls, the less likely we would become aware of it. We did not identify any key audit mallers relating lo irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and checking the aulhorisalion of expenditure as parl of our substantive testing, using analytical review to identify any significant or unusual transactions and evaluating whether there was evidence of bias by the directors that represented a risk of material misslalemenl due to fraud. A further description of our responsibilities for the audit of the financial slalemenls is located on the Financial Reporting Council's website al www.frc.org.uk]auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Use of our report This report is made solely lo the charitable company's members, as a body, in accordance with Chapter 3 of Parl 16 of the Companies Act 2006. Our audit work has been undertaken 50 that we might stale to the charitable company's members those mallers we are required lo slate lo them in an auditors, report and for no other purpose. To the fullest extent permilled by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. David Williams (Senior Stalulory Auditor) for and on behalf of Locke Williams Associates LLP Chartered Accountants Registered Auditors clo Blackthorn House St Pauls Square Birmingham West Midlands B31RL Date.. 5 December 2025
SPII-FIRE ADVICE AlD SUPPORT SERVICES LIMITED CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2025 Unrestricted funds Restricted funds Note Total Total 2025 2025 2025 2024 Income from. Donations and legacies Charitable activities Otlier trading income 450,405 8,377 293,081 444,843 895,247 8,377 293,081 582,471 34,984 269,001 Total Income 751,863 444,843 1,196,705 886,457 Ex enditure on. Charitable activities Other Corporation tax 786,570 377,343 1,163,912 900,416 804 Total resources expended 786,570 377,343 1,163,912 901,220 Net incomel(expenditure) for the yearlNet movement In funds (34,707) 67,500 32,793 {14,764} Opening fund balances 145,624 145,624 160,388 Closin fund balances 110,917 67,500 178,417 145,624 The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. io
SPI I FIRE ADVICE AND SUPPORT SERVICES LIMITED BALANCE SHEETS AS AT 31 MARCH 2025 Company number: 04382420 Note Group 2025 Group 2024 Charity 2025 Charity 2024 Fixed assets Tangible assets Investments 10 83,029 10,292 10,654 7,353 83,029 10,292 10,658 7,357 Current assets Debtors Cash at bank and in hand 13 73,298 163,343 236,641 74,652 230,040 304,692 96,192 139,017 235,209 67,171 180,491 247,662 Creditors: amounts falling due wlth one year 14 (122,0921 {150,198) (87,600) (95,406) Net current assets 114,549 154,495 147,609 152,256 Total assets less current liabilities 197,578 164,787 158,267 159,613 Creditors: amounts falling due after more than one year 15 (19,162) (19,162) Net (Ilabllltles)lassets 178,416 145,624 158,267 159,613 Income funds Restricted funds Unrestricted funds 16 67,500 110,917 145,624 158,267 159,613 178,417 145,624 158,267 159,613 These financial statements have been prepared in accordance with the provisions applicable lo companies, subject to the small companies, regime. The financial statements were approved by the Board of Trustees on on behalf of the board by.. November 2025, and signed D Lane Chair of Trustees li
SPITFIRE ADVICE AND SUPPORT SERVICES LIIVIITED CONSOLIDATED CASH FLOW STATEMENT YEAR ENDED 31 MARCH 2025 Note 2025 2024 Cash flow from operating activities Net cash provided by (used in) operating activlties 23,566 79,643 Cash flow from investing activities Purchase of tangible fixed assets Proceeds from sale of tangible fixed asse15 {89,673) (5,344) Net cash used in investing actlvities 89,673 5,344 Cash flow from financlng actlvltles Proceeds from new loans Loan repayments Interest paid (589) {590) Net cash provlded byl(used In) financing activities 589 590 Change in cash and cash equlvalents during the year {66,696) 73,708 Cash and cash equlvalents at start of year 230,040 156,332 Cash and cash equivalents at end of year 163,343 230,040 12
SPITFIRE ADVICE AND SUPPORT SERVICES LIMI"fED NOTES TO THE CONSOLIDATED CASHFLOW STATEMENT YEAR ENDED 31 MARCH 2025 1. Reconciliation of net incomel(expenditure) to net cash flow from operating activities 2025 2024 Nel incomel(expenditure} for the year Adjustments for: Depreciation Profil on sale on tangible fixed assets Corporation lax Interest paid Decreasel(Increase) in debtors Increasel{Decrease) in creditors 32,793 (14,764) 16,936 9,929 804 590 (10,844} 93,928 589 1,354 (28,106} Net cash provided by {used In) operating activitl8S 23,566 79,643 2. Analysls of cash and cash equlvalents 2025 2024 Cash in hand Notice deposits (less than 3 months) Overdrafts included in bank loans and overdrafts falling due within one year 163,343 230,040 Total cash and cash equivalents 163,343 230,040 13
SPITFIRE ADVILE AND SUPPORT SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 1. Accounting Policies Accounting convention The accounts have been prepared in accordance with the Companies Act 2006 and "Accounting and Reporting by Charities: Slalemenl of Recommended Practice (SORP) applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from 1 January 2019). The charity is a "Public Benefit Entity as defined by FRS 102. These financial slalemenls consolidate the results of the charitable company, ils trading subsidiary, Upcycle Birmingham CIC and a connected charity, Castle Pool Community Partnership, on a line-by- line basis. Transactions and balances between the charitable company and its subsidiaries have been eliminated from the consolidated financial slalemenls. Balances between the charitable company and its two subsidiaries are shown in the notes lo the charity's balance sheet. A separate statement of financial aclivilies, or Income and Expenditure account, for the charitable company itself is not presented because the charitable company has taken advantage of the exemptions afforded by Section 408 of the Companies Act 2006. The financial slalements are prepared in sterling, which is the functional currency of the charity. The financial slalements have been prepared under the historical cost convention. The principal accounting policies adopted are sel out below. Golng concern Al the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources lo Continue in operational existence for the foreseeable future. Thus, the Iruslees continue to adopt the going concern basis of accounting in preparing the financial statements. Charitable funds Unreslricled funds are available for use al the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject lo specific conditions by donors as to how they may be used. The purposes and uses of the reslricled funds are set out in the notes to the financial statements. Incoming resources These are included in the Slalemenl of Financial Activities {SOFA) when.. The charity becomes legally enlilled to the resources after any performance conditions have been mel. The trustees are virtually certain that they will receive the resources., and The monetary value can be measured with sufficient reliability. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation unless perforrnance conditions require deferral of the amount. 14
SPl-i-riRE ADVICE AND SUPPORT SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 1. Accounting Policies {continued) Charitable income includes sponsorship of the annual conference and contributions towards the charity's objectives. Resources expended. Charitable activities include all costs relating to the conference, newsletters, and general administration, which support the charitable purpose. Grants offered subject lo conditions, whlch have not been mel al the year-end date are noted as a commitment, but not accrued as expenditure. Expenditure is accounted for on an accruals basis and has been ¢18ssified under head ings that aggregate all costs related to the category. Where costs cannot be directly allribuled lo particular headings that have been allocated to activities on a basis consistent with the use of the resources. Incomlng resources with related expenditure When incoming resources have related expenditure (as with fundraising or contract income) both are reported gross in the SOFA. Tanglble flxed asséts Tangible fixed assets are initially measured al cost and subsequently measured al cost or valuation, nel of depreciation and any impairment losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values their useful lives on the following bases.. Fixtures and fillings, motor and computers- 4 years Leasehold improvements - slraighl line over 10 years 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 net incomel(expendilure) for the year. Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with bankers, other shorl-lerm liquid investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Financial Instruments The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments" and Section 12 "Other Financial Issues" of FRS 102 to all of its financial inslrumenls. 15
SPITFIRE ADVICE AND SUPPORT SERVILES LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Accounting Policios {continued) Financial instruments are recognised in the charity's balance sheet when the charity becomes party lo the conlraclual 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 lo sel off the recognised amounts and there is an intention lo sellle on a nel basis or lo realise the assets and sellle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured al transaction price, including transaction costs and are subsequently carried al amorlised cost using the effective interest method unless the arrangement constilules a financing Iransaclion, where the transaction is measured at the present value of the future receipts discounted at a market value of Interest. Financial assets classified a5 receivable within one year are not amorlised. Baslc financlal Ilabllltles Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement constilules a financing transaction, where the debt instrument is measured ai the present value of the future payments discounted al a market rale of interest. Financial liabilities classified as payable within one year are not amortised. De.recognition of financial Ilabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. Pensions The charity operates a defined contribution pension scheme, and the pension charge represents the amounts payable by the charity to the fund for the year. Hire purchase and leaslng commltments. Rentals paid under operating income are charged to the Statement of Financial Activities on a straight- line basis over the period of the lease. 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 Gurrenl and future periods. 16
SPITFIRE ADVICE AND SUPPORT SERVICES LllvllTED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 3. Donations and legacies Unrestricted Restricted Funds Funds 2025 2024 Donations 81,608 105,000 81.608 105,000 53,437 Access lo Justice Fund BBC Children in Need BCC Celebrating Communities Fund BCC Client Furniture Pack 10,000 343,395 343,395 7,000 BCC Emergency Food Aid BCC NDSU Community Grant BCC Pool Support Funding BCC Warm Welcome Grant 7,000 6,600 6,429 16,000 114,500 16,000 114,500 21,437 4,711 9,823 8,000 127,500 111,383 BCC Welfare Benefit and Debt Advice Big Lollery Big Lottery Community Guides Crisis Fund Pioneer Group Heart of England Independent Age Money Advice - Pioneer Group NNS funding for 'The Meeting Place, Sutton Charity Funding UK Shared Prosperity Fund Wilton Lodge Community Association 21,437 4,711 9,823 12,215 43,932 19,993 19,993 60,000 19,993 60,000 50,000 440 30,928 30,928 75,000 25,645 75,000 5,553 5,553 2,447 450,405 444,843 895,247 582,471 Analysls by fund Unrestricted funds Reslricled funds 450,405 444,843 471,088 111,383 895,247 582,471 17
SPITFIRE ADVICE AND SUPPORI SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 4. Income from charitable activities 2025 2024 Room hire Other fees 6,543 1,834 28,799 6,185 Total for the year 8,377 34,984 Analysis by fund Unrestricted funds Reslricled funds 8,377 34,984 8,377 34,984 5. Other income 2025 2024 Client Trust Funding Fundraising events Fees 3,040 290,041 269,001 Total for the year Analysls by fund Unrestricted funds Restricted funds 293,081 269,001 293,081 269,001 293,081 269,001 6. Expenditure on charitable actlvltles 2025 2024 Direct costs Support costs 1,151,578 12,335 895,918 4,498 1,163,912 900,416 Analysis by fund Unrestricted funds Restricted funds 786,570 377,343 789,033 111,383 1,163,912 900,416 18
SPITFIRE ADVICE A[D SUPPORT SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 7. Support costs Management Finance Accounta ncy Total Total 2025 2025 2025 2025 2024 Charitable activities 635 2,281 9,419 12,335 4,498 Included in the above are.. 2025 2024 Auditors, remuneration 5,000 8. Trustees 2025 2024 Trustee's salaries Trustees, Social security costs Trustees, who are carrying out operational roles for the charity, received lolal compensation of £13,340, on the same pay scale as that paid lo other employees. No extra payments were made for their services as Iruslees of the charity. All Trustees hold voluntary positions and are not paid a salary in their capacity as a Trustee. None of the Iruslees (or any persons connected with them) received any expenses from the charity during the year (2024 - £nil). 19
SPl"ltrlRE ADVICE AND SUPPORT SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 9. Employees 2025 2024 Wages and salaries Social security costs Other pensions costs Redundancy Costs 468,310 25,378 10,515 1.040 457,487 22,315 9,824 505,243 489,626 The average number of employees during the year was 25 (2024- 20). No employee received emoluments in excess of £60,000. 10. Tanglble flxed assets Group Leasehold Improvements Fixtures and fittlngs Motor vehlcles Computer equipment Total Cost Al 1 April 2024 Additions Disposals At 31 March 2025 55,313 7,875 4,800 22,673 6,798 82,786 89,673 75,000 75,000 63,188 4,800 29,471 172,459 Depreciation and impairment Al 1 April 2024 Charge for the year Disposals At 31 March 2025 51,643 5,025 1,200 1,200 19,651 3,211 72,494 16936 7,500 7.500 56,668 2,400 22,862 89,430 Carrying amount At 31 March 2025 67,500 6,520 2,400 6,609 83,029 Al 31 March 2024 3,670 3,600 3,022 10,292 20
SPITFIR ADVICE AND SUPPORT SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 10. Tangible fixed assets continued Charity Fixtures and fittings Motor vehicles Computer equipment Total Cost At 1 April 2024 Additions Disposals Al 31 March 2025 15,563 2,355 4,800 22,673 6,138 43,036 8,493 17,918 4,800 28,811 51,529 Depreciation and impairment Al 1 April 2024 Charge for the year Disposals At 31 March 2025 14,832 946 1,200 1,200 19,651 3,046 35,683 5,192 15,778 2,400 22,697 40,875 Carrying amount Al 31 March 2025 2,140 2,400 6,114 10,654 At 31 March 2024 731 3,600 3,022 7,353 21
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 11. Investments - charity only 2025 2024 Investment in subsidiary undertakings Cost and carrying value The charity is the beneficial owner of the entire issued share capital of Upcycle Birmingham CIC, a company registered in England and Wales. 12. Flnancial instruments Group 2025 Group 2024 Charlty 2025 Charity 2024 Carrylng amount of financial assets Debt instruments measured at amorlised cost Carrying value of financial Ilabllities Measured on amorlised costs 13. Debtors Group 2025 Group 2024 Charity 2025 Charity 2024 Amounts falling due within one year Trade debtors Amounts due from group undertakings Prepayments and accrued income 68,654 70,645 50,221 52,185 42,000 3,971 12,000 2,986 4,644 4,007 73,298 74,652 96,192 67,171 22
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 14. Creditors: amounts falling due within one year Group 2025 Group 2024 Charity 2025 Charity 2024 Bounce Back loan Trade creditors Social security and other taxe5 Pensions Corporation lax Other creditors Accruals and deferred income 4,467 30,693 7,992 1,g08 4,467 39,897 7,557 178 2,802 7,597 1,729 11,041 7,160 59 804 44 76,988 1,649 95,645 44 75,428 1,649 75,498 122,092 150,198 87,600 95,406 15. Creditors: amounts falling due after more than one year Group 2025 Group 2024 Charity 2025 Charity 2024 CAF Investment Fund Bounce Back loan 19,162 19,162 19,162 19,162 23 OFFICIAL
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 16. Restricted funds The income funds of the charity include reslricled funds comprising the following unexpended balances of donations and grants held on trust for specific purposes.. Group Movement in funds Balance at 1 April 2024 Incoming resources Resources expended Balance at31 March 2025 Big Lottery- Covid 19 Big Lottery- Community Guides BCC Client Furniture Packs Shared Prosperity Fund 21,437 4,711 21,437 4,711 343,695 75,000 444,843 343,695 7,500 377,342 67,500 67,500 Charity Movement In funds Balance at 1 April 2024 Incoming resources Resources expended Balance at31 March 2025 Big Lollery- Covid 19 Big Lollery- Community Guides 21,437 4,711 21,437 4,711 26,148 26,148 17. Analysis of net assets between funds Restricted fund balances at 31 March 2025 and 31 March 2024 are represented by current assetsl (liabilities). 18. Related party transaction There were no disclosable related party transactions during the year (2024 - none). 24 OFFIP.IAI