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THRIVE TOGETHER BIRMINGHAM
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- TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
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_ A Company Limited by Guarantee Registered number: England & Wales No. 08039675
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Registered Charity No. 1153942
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THRIVE TOGETHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
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|||CONTENTS|||||| |---|---|---|---|---|---|---| |||||Page||| |Reference and Administrative Information||||1||| ||||,|||| |Report ofthe Trustees||||2||| |StatementofTrustees’|responsibilities|||13||| ||||.|||| ||||||||| |ReportoftheIndependentExaminer||||40||| |Statementoffinancialactivities|activities|,||15||| |(Incorporating anincomeandexpenditure|||account)|||| |Balance sheet||||16|,|| |Cashflowstatement||||17||| |Notesto the financial statements||||18||| |||||||||| |Acknowledgements||||33|||
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THRIVE TOGETHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 REFERENCE AND ADMINISTRATIVE INFORMATION Company Number.. England & Wales No. 08039675 Charity Number: 1153942 Trustees: Church Urban Fund nominated.. Jonathan Miles David Whyte Karen Lockett-yeung (appointed 25 January 2024) Bishop of Birniingham nominated,. Revd David Tomlinson Revd Douglas Machiridza Right Revd James Langstaff Binningham Board of Finance nominated: Karen Preece Rachel Groves Reglstered Office John Cadbury House 190 Corporation Street Binningham, B4 6QD Independent Examlner James Cruse ACA, FCCN Bsc (Econ) Hons J W Hinks Chartered Accountants 19 Highfield Road Edgbaston Binningham B15 3BH Bankers Barclays Bank PLC 68 High Street Harbome Birningham B17 9N
THRtVE TOGEfHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES The Trustees have pleasure in presenting the charitable company's report and financial staternents for the year ended 31 December 2024. The directors of Thrive Together Birniingham ('th¢ Charitable company,) are its Trustees for the purpose of charity law and throughout this report are collectively referred to as its Trustees, The flnancial statements comply with Charities Act 2011, the special provisions of part 15 of the Companies Act 2006 relating to small companies 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 (FRS102) (updated l January 2019). The Company is a Company limited by Guarantee and was incorporated on the 20 April 2012. It commenced its charitable activity on l January 2013. The Charity was formally registered with the Charity Commission on 24 September 2013. STRATEGIC AIM AND ORJECTIVES Thrive Together Birmingham ("Thiive") aims to support and grow the movement of individuals, churches and organisations who, motivated by their faith, are committed to addressing issues of poverty and to playing their part in helping their neighbourhoods to flourish. In legal tern]s the objectives of the Charity are as follows: To promote the efficiency and effectiveness of Christian based charities in the furtherance of their objects or any one of them mainly but not exclusively, by the provision of infonnation, advice, support and infrastructure provision. The relief of financial hardship, either generally or individually through the provision of grants, goods or services. In practical tenns, we seek to further our strategic aim by three core activities: Joini Action Creating communities of action. These communities bring together those living in poverty, members of local churches (including those of non-Anglican denomination) and other people of goodwill to seek the transfonnation of lives. This is the active building of civil society. Froviding reNot4rces and support Providing resources and support for practical action. Sometimes this will be money but often it is encouragernent and support. Though local Churches are active in their community they often need help to mobilise their assets for action. We are a resource for this practical local action. Makng conneclions Raising the profile of local work and connecting it with the public arena. This is about connecting with other groups who share our values and the general public and bringing to their attention the work local churches across Biryningham are engaged in. We want to mobilise their support. All the projects and programmes that we are linked to will include aspects of all three core activities. Grantmaking Trive works with a range of partners who support and deliver Trive's objects through a number of projects. In some cases Thrivc receives grants from funders to support these partners to carry out relevant activities. Each of these partnerships different expectations with regard to how grants are awarded in line with the terms and conditions set out in relevant partnership funding agreements and the expectations from the funders. Decisions on the payment of grants within each project are made by Thrive staff with oversight from trustces on a cas¢- by-case basis in accordance with the relevant funding agreement and available project funds.
THRtVE ToGHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES (CONTINUED) Trive does not make grants out of its own Unrestricted Funds. ACHIEVEMENTS AIYD PERFORMANCE Thrive Together Birniingham's (Thrive) primary aim is to encourage and support people who are motivated to tackle poverty and build community, recognising that often this motivation is born out of a r¢ligious faith. As a Christian charity our values are founded on our understanding of the Christian faith, and we actively encout7ge Christians and churches to play their part in helping their neighbourhoods to flourish working in collaboration with other faith communities and people of good will and common values. We know we are part of a large movement of people in Birmingham and the wider West Midlands who are motivated to make a difference in their neighbourhoods, communities and the lives of people who are maTginalised, regardless of the limited fmancial resources that are available. We are particularly keen to grow and support the network of Christians and churches who are participating in activities that challenge the impact of povety in their local neighbourhoods and across the Diocese of Birn]ingham making the most of the resources that they have available to them. As a charity Thrive models collaboration and partnership as we deliver our activities with other organisations who share OUT commitment to tackling poverty and our positive vision for supporting neighbourhoods and communities to flourish. Our approach is to identify, nurture, support, and where possible resource individuals and community organisations in local neighbourhoods so that they can respond to local issues of poverty and build community. We are proud that this has led us into effective working partnerships with many local community groups and faith organisations alongside developing relationships with local authorities. health authority, local and national charities and businesses. We are fully committed to developing innovative relationships with partners to share our ambition and approach and develop collaborative approaches. We strAV¢ to be connected, responsive and relevant. This appToach is possible because our work is built on the commitment, expertise and adaptability of our small staff team and the attributes of the independent consultants that we can call on to deliver specific pieces of activity. Key areas of Thrive activity are described below. Warm Welcome Since the autumn of 2022 we have been collaborating with Birmingham City Council to build an all year round community response to the Cost of Living crisis through the development of a network of around 280 registered places of Warn] Welcome across Birmingham. Many of these are small, local, volunteer led community groups hosting weekly activities that provide welcome, hospitality and connection. Alongside these are charities offering food support, advice and guidance and other resources for people needing specific support. This activity builds on the Places of Welcome model developed 10 years ago in Birn]ingham but differs in that Wami Welcome activities Can focus on specific community groups including older people, young people or early yeaTS fatnilies so long as acttss is fr¢e of charge. Where possible we have tried to link together the work of Places of Welcome and the Wann Welcome network. Our partnership with Binningham City Council has led to the development of some innovative new approaches to issues of poverty identified by community activists involved in nll)ning places of Warni Welcome. These include a scheme in p8rtnership with Groundwork to provide training for community members hosting places of Warni Welcome to help them support residents to address issues of damp and mould in their homes, free mental health activity through arts in partnership with Arts Therapies tJK and free physical exercise classes through Inspiring Fitness.
THRIVE TOGEfHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES (CONTINUED) This year as a result of developing the wid¢r Warm Welcome network, a key activity funded by Cadent G&$ Limited has been supporting 10 community organisations in Binningham to become Cadent Wann Welcome Centres. Our community partners are based in some of the poorest neighbourhoods of Binningham and work with communities who do not have easy access to such support. The groups are supported by Trive to deliver energy safety and energy saving activities to local residents, such as damp and mould training, aIong with provision of free slow cookers, carbon monoxide detectors, heated blankets provided by Cadent to those most in need. The Irnpt of this work has been significant in saving lives and transforning living conditions for many of Bimiingham's most disadvantaged residents. The community builders running the Cadent Warni Welcome Centres have committed to meeting regularly with members of the Thrive team to share experiences, report on Progress on key funded activities, raise the challenges facing their local communities and innovate new approaches. In a number of cases this has led to Thrive securing funding to develop appropriate responses through our parthers, including Birn]ingham City Council and Cadent, such as the damp and mould project, fitness classes and slow cooker cookery classes. Older Adults A number of Thrive's wider community approaches have been developed on the participative approach to working with older people innovated through Thrive's hosting of the Body, Mind and Spirit Partnership (BMSP). This is an imaginative collaboration of 9 churches and Christian projects funded by a grant from Bim]ingharn City Council which enables local groups to employ Development Workers to work with older adults to develop preventative activities in their local neighbourhoods that enable them to live independently and be well, In the first year of this new contract the partners facilitated activities for 1,540 older people in neighbourhoods around Birniingham with over 160 of these participants involved in enabling activities to happen. Thrive plays a key role is providing co-ordination, training and individual support to the local BMSP providers which ensures that skills, ideas and good practice developed by partners in their localities are widely shared to the benefit of the whole partnership and beyond. This has created a real sense of team and collaboration. It has become clear that the ongoing support from the Thrive team is key to sustaining and developing workers and their host organisations during challenging times, and it is this supportive role that we are tying to adopt in the other partnerships that we are nurturing and growing. Children and Families Thrive has continued to work with our Early Years fvnding partner, Bimiingham Fonvard Steps, to support Childrens Centres, Health Visitors and local charities working with young families across Birniingham to better understand issues of povety and how it might impact families they support. A key activity for Thrive in this role is convening a Child Poverty strate Group bringing partners together to develop responses to issues of povety facing young families, A key outcome has been the Safe Sleep Scheme developed in partnershtp with Bim]ingham Play Care Network (BPCN) and Spurgeons Childrens Centre staff securing funds to provide beds and other equipment for early years for struggling families particularly those in temporary accommodation where the problem is most pronounced. Following a successful pilot in North and East Birniingham in early 2024 the Safe Sleep Scheme has now been rolled out citywide with a very effective referral process, a supply and delivery arrangement with a local rnanufacturer and surricient funds raised to grow the scheme to meet a high level of demand. Ideas are now being explored for expanding the offer beyond early years equipment to other essential household gdS such as firniture, carpets and curtains possibly through a sustainable reuse project,
THRIVE TOGEfHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES (CONTINUED) For the fifth year Thrive partnered with Wanvickshire Cricket Foundation, Birnlingham Play Care Network, Bimiingham Forward Steps and Birniingham News to organise the Toys4Bim]ingham campaign with around 14.000 toys donated or bought tl]rough financial donations from individuals, churches and companies. This year the project benefitted from support from a significant numbeT of corporate volunteers achieved through Thrive's developing partnerships with businesses. They collected and sorted donations before they were distributed to a network of104 local charities across Binningham and the wider West Midlands. Young People Thrive is concerned about the lack of provision and support to young people growing up in Binningham and the wider region. To address this we continue to support churches and other organisations delivering activities for young people as part of the Safe Spaces for Young People initiative. Particularly we have continued our partnership with Church of England Binningham, with funding from the Church Comrnissioners of England to support nine churches to develop a vision and . capacity to open Safe Spaces engaging with young people who do not belong to a church. Seven churches are now signed up to the project and have joined the Safe Spaces network. Thrive contracts four partners with youth work expertise to support and grow the network of leaders Tunning youth activities. We meet together regularly and along with others committed to a renewal of youth work provision in the city, we are exploring possibilities for Safe Spaces to becorne part of a wider youth work partnership across the city with a view to recruiting and training more youth workers and securing eater resource to make this a reality. Communlty Coheslon and Communlty Bulldlng For over 14 years Thrive has hosted a Near Neighbours Development Worker funded by the Ministry of Housing, Comrnunities and Local Government (MHCLG) through the Church Urban Fund, Near Neighbours enables us to PriOTltise building relationships with and between people from different faith and cultural backgrounds in order to develop positive relalionships, encourage them in their social action activities and build community cohesion. Despite another significant delay in receiving confimiation of an extension to the current contract, Thrive trustees have prioritised use of free reserves to sustain the post of our Near Neighbours Development Worker because connecting and growing relationships with people and OTganisations from different faiths and backgrounds is key to our community building activity across the city, not least in growing the Wam] Welcomer network and developing the young people as community leaders through the Catalyst programme. Once again when funding was approved in October our Development Worker focused on delivering Near Neighbours activities including a small grants programme, a community leadership programme for women of different faiths and cultural backgrounds, and Community conversations exploring experiences and impact of the 2024 summer disturbances as part of a nationwide enquiry. Food Poverty Thrive's role supporting Food Pantries through a partnership with Church Action on Povety (CAP) on their Your Local Panty project came to an end in April but Trive has secured funding to contract a Development Worker to continue our involvement in this SIlfICant issue. We have been able to continue our infomial SUPPOrt of Food Pantries across the West Midlands and now have the capacity to focus on finding responses to the challenges they raise. One key issue is access to affordable food supplies for foodbanks and pantries given the significant Teduction in donations, so our Development Worker has secured ftmding to develop a Food Hub in partnership with a community partner where bulk supplies of key food items can be secured and then trallsfeed to local delivery partners.
THRIVE TOGEfHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES (CONTINUED) DRgital Inclusion Over recent Yea we have become increasingly aware of the barriers caused by lack of access to digital technologie5, such as computers, mobile phones or the internet, or the skills to use these devices for maximum benefit. In many cases this is due to cost or access to relevant training. To address this issue, members of the Thrive team have been piloting work with older people to increase their access to digital resources and this year that has extended tnto wider involvement in dÈgital inclusion projects including accessing and distributing resources through Trive's community networks including Warn] Welcome spaces and Childrens Centres. This is an area of work we are looking to develop not least in ternis of creating routes to employment. Housing and Homelessness Members of the Thrive team continue to be involved in developing responses to the huge challenge of housing 8J]d homelessness not least through collaborating with Church of England Birmingham colleagues to develop a practical response to the Archbishop of Canterbury's commission on homelessness and housing set out in the 'Coming Home, report. This has resulted in funding being awarded to Church of England Birniingharn by the Oak Foundation to set up a Church Development Agency which will employ staff to work with churches to explore opportunities to build social housing on church land initially focusing on Binningham but spreading across the Midlands. Thrive is also being funded through this arrangement to develop community programmes to equip local projects to support residents moving into new tenancies and help them integrate into local neighbourhood5. This builds on the activities and relationships developed through programmes like Wann Welcome and Near Neighbours. Blrmlngham Poverty Truth Commlsslon Hearing and amplifying the voices of people experiencing the chaIlenges of poverty firsthand has become a priority for Thrive over many years not le&st through our hosting of Binningham's second Poverty Truth Commission (PTC) funded by Bimiingham City Council Public Health. This innovative activity enables the voices of people experiencing poverty (Community Commissioners) to be heard and understood by people in positions of power (Civic Commissioners) through a deep relational approach, Over two years commissioners have met regularly to explore issues such as Food, Health and Children, and Housing, and presented some insights and challenges through Listening Events with people with particular responsibility and influence in the subject area. An independent evaluation h&s been published. Following the fornlal closure of the Commission in 2023 a number of Poverty Truth Commissioners have continued to hold conversations with a representative of the national Poverty strategy Commission, an independent Commission fomied to develop political consensus around a strategy for tackling poverty in the
THRIVE TOGEfHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES (CONTINUED) FUTURE PLANS Trive tn]stees and staff are acutely aware of the tough economic climate and the impact that the Cost of Living Crisis continues to have on many Tesidents in Birn]ingham and other local authority areas. We have developed a long tern] strategy for community building which means that we will continue to collaborat¢ and build diverse partnerships in order to play our part in finding innovative, community based responses to these challenges. We will do this through focusing on our priorities to enable, grow, sustain and amplify the work of our community partners across the region as people involved in these groups are in closer relationship with people in their localities than we can be. Our work complements and enhances their activity. In 2025 we will continue to focus on the activities described above particularly focusing on community building and supporting the network of connection, hospitality and care through Warm Welcome. We will also continue our involvement In associated activities around food and digital povety as well as exploring other activities that resource the work of community organisations we partner with. We will continue to keep a focus on work with older people, children, young people and families. While we aim to support people with their short tenn needs, we are also mindful that poverty has been endemic for many years in many of our local communities, so our priority remains on bringing long tenn change with those impacted most enabled to play their part in finding solutions. We will continue to develop funding strategies to ensure that our work is sustainable and that resources flow through Thrive to support the rich tapesty of community and faith organisations, reflecting the diversity of Birniingham's different communities, delivering activities that share our values and goals. Trustees are mindful of the financial challenges facing Third Sector organisations and have carefully built reserves as a buffer against this uncertainty so that they can ensure that the core staff team can be sustained, and OUT work continues. HOW OUR ACTIVITES DELIVER PUBLIC BENEFIT Our support activities are centred on developing and strengthening local Christian, other faith, and wider cornmunity gTOUPS in their efforts to address needs and enhance the quality of life in their local neighbourhoods particularly in response to issues of povety. We support those Working to transfonn the lives of the poorest and most maTginalised. Through our work we are supporting and growing community activity that gives people opportunities to receive the support they need alongside opportunities to improve their quality of life, develop a sense of belonging and contribute to their community. In this way, and &s demonstrated through this repo our activities delivei public benefit. We seek to work with all faiths and denominations. We also support individuaIs and organisations of no faith who share OUT values. UItimate beneficiaries are not restricted by faith, gender, ethnic origin, disability, age or sexual Orientation. We seek to forni strategic partnerships across sectors (public, private and charitable), with existing groups and organisations in Birniingham, the West Midlands and nationally, that are already engaged with &spects of poverty that are aligned with our core values and purpose. Annually, the Trustees review the guidance on public benefit issued by the Charity Commission, and consider that our activities in 2024 fulfil the criteria.
THRIVE TOGETHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES (CONTINUED) FINANCIAL REVIEW Financial performance The Charity's income for the year ended 31 December 2024 w&s £738,415 (2023: £583,641). £94,215 (2023: £79,657) of income was unrestricted. £75.170 (2023: £71,657) of this reflected recognition of the in-kind support provided by employees of the Birniingham Diocesan Board of Finance in the day to day running of the charity. £644,200 (2023: £503,984) of income raised was for restricted Purposes and has been accounted for as such. The charity's expenditure for the year ended 31 December 2024 was £671,313 (2023: £587,517). This included the recognition of the "cost" of the in-kind support provided by ¢mployees of the Birn]ingham Diocesan Board of Finance in the day to day running of the charity. The charity moves into 2025 with unrestricted funds (excluding designated funds) of £71,727 (2023: £44,028), which continues to give a firni base to deliver a full programme of development activities. The Board is conscious that it needs to continue to develop funding sources, including enswing that contract delivery programmes encompass an element of contribution towards core costs. The charity continues to hold designated fijnds towards a provision for potential redundancy costs (£8,000), Near Neighbours Salary costs for 6 months (£18,000) and a new Young People Programme (£10,000). These designations have been made to protect these strategically important activities whilst external funding bids are proactively pursued. The balance on the designated funds as at 31 December 2024 is £36,000 (2023: £29,000). Reserves Pollcy and Funds (Unrestrlcted and Restrlcted) The Trustees have reviewed the appropriateness of the existing reserves policy dwing the year with regard to the funding environment in which the charity is currently operating. In particular, they have considered the relative impact of the in-kind donations from the Binningham Diocesan Board of Finance ('BDBF') in light of the Memorandum of Understanding in place between Thrive and BDBF and the level and range of activities funded by external parties. The revised reserves policy has been forniulated in line with the recommendations of the Charity Commission of.England and Wales. The basic aim is to maintain free reserves in unrestricted funds at a level which equates to approximately four months of total unrestricted charitable expenditure this will include the in-kind donations from BDBF but exclude the impact of any recovery of these core costs through project activities. This equates to £43,828 based on the 2025 budget. The Trustees consider that this level of funds is sufficient to give them flexibility to 'scale up or down, the development projects that the charity is involved with and to also ensure that support and govemance costs are covered. The unrestricted free reserves (excluding fixed assets) &8 at 31 December 2024 are £71,122 (2023: £42,684), which is greater than required by our reserves policy. In addition to these free reserves, the trustees have also designated £26,000 of reserves out of total designated reserves of £36,000 (2023: £22,000 out of total designated reserves of £29,000) to provide for potential costs (including redundancy) on some specific projects to ensure that an orderly closure is possible if required. The Trustees will continue to review the appropriateness of the reserves policy annually to ensure that it reflects the prevailing enviror)m¢nt in which the charity is operating. As set out in note I I to the financial statements, the charity holds and administers several restricted funds. As at 31 December 2024 restricted flmds totalled £268,161 (2023: £235,758) which are not available for the general purposes of the charity.
THRIVE TOGEfHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES (CONTINUED) Rlsk Management- principal risks and uncertainties The trustees are Tesponsible for the identification, mitigation and/or anagement of Tisk. They have a risk management strategy which comprises: A review of principal risks and uncertainties that the charity faces at each board meeting within the ' Chief Executive's reporting, The establishment of policies, systems and procedures to mitigate those risks identified in the review process; The implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise. The principal risks and uncertainties that have been identified and their management are: Maintaining and sourcing key funding contracts and grants. The trustees rnaintain an ongoing relationship with the charity's core funders in order to be alert to any possible reductions in the level of their support. Other activities are delivered only when specific ftmds are available, and staff recruited accordingly. Trustees continue to diversify the range of its funders in order to reduce dependency on initial core funders. Now that the charity is becoming more established with a higher reputation this is more possible. Succession of Key members of staff. The trustees recogni5e that they need to give attention to sucKession planning given the small number of key members of staff. The trustees are aware of pressure on staff as the range of services delivered increases and are building a capable stsff team who can cover each other's work during short periods of absence. We are also building a network of contacts who will enable us to identify individuals who can be contracted to undertake short temi pieces of work as and when required. Operational Management As our work has grown in range and complexity, the trustees are agreed that it is essential tha¢ moving fonvard, it is essential that the Operations Manager role is maintained as a core funded role rather than being nded from projects ongoing at any point in time. Development and maintenance of church community engagement This is one of our core activities as our delivery model is based on developing and extending relationships with churches. Primarily our church engagement is not designed to creafr a dependent relationship particularly in ternis of funding. Churches are enabled to develop sustainable activities that are not reliant on significant funding, and most are encouraged to work in partnership with other churches or community organisations as this approach enables resources and responsibility to secure them to be shared.
THRIVE TOGETHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES (CONTINUED) Key relationships Key relationships in the pursuit of our charitable objectives are with our stakeholders: Bishop of Binningham Binningham Diocesan Board of Finance Church Urban Fund Birniingham City Council Local churches, businesses, community organisations and faith groups at grass roots level Related paty transactions with these key stakeholders are detailed xn note 13 to the financial statements. 10
THRIVE TOGKfHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2024 REPORT OF THE TRUSTEES (CONTINUED) STRUCTIIRE, GOVERNANCE AND MANAGEMEIYT Governing Structure Trlve TogetherBirmingham is a company limited by guarantee and was registered as a charity on 24 September 2013. The Charitable Company is governed by its Memorandum and Articles of AssociatÉon which were adopted by the Board of Trustees on 20 April 2012 and subsequently amended at a meeting on 14 January 2021. The charity was originally a joint venture between the Church Urban Fund ("CUF") and the Bishop of Birniingham as the key stakeholders. Following some changes within CUF, the Trustees agreed an amendment to the Memorandum and Articles of Association on 14 January 2021 to include the Birniingham Diocesan Board of Finance as a third key stakeholders to fonnally reflect the role that they have had for many years. The Memorandum and Articles of Association detennille the allocation of trustee appoin1ments between the key stakeholders. Nomination rights are shared equally between the three key stakeholders (3 for each stakeholder), Trustees are nominated by invitation given that they have the necessary skills and expertise to contribute to the charity's activities and to be able to disChge their obligations as Trustees. The skills and composition of the Board is reviewed on a regular b&sis, taking into consideration succession planning, representation and experience, empathy and knowledge of the charity. Trustees, inductton & trainlng On appoinlment, trustees undergo an induction programme that includes briefings from key staff and the Chair of the Trustees. A welcome pack includes an overview of the charity, copies of key governance documents as well as a copy of the Charity Commission's guidance ' The Essential Trustee: What You Need to Know, and 'Public Benefit.. Running a Charity,. Trustees are positively encouraged to visit projects supported by the harity. This maintains their awareness of grass roots issues and developments. At the quarterly trustees, meetings, the Trustees agree broad strategy and areas of activity for the charity, including the consideration of development projects, reserves and risk management policies and performance. Specific t&sk groups meet between formal board meetings when appropriate or necessary. Management and Organisational Structure Day to day management is delegated to the Chief Executive (Fred Rattiey) who is seconded from the Birniingham Diocesan Board of Finance, with support from the Operations Manager (Sarah Turner) and the finance team of the Binningham Diocesan Board of Finance. 11
THIUVE TOGETHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES (CONTINUED) Key Management Personnel remuneration The trustees consider the board of1rust¢es and the Chief Executive as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day to day basis. All trustees give their time freely and no trustee remuneration was paid in the year. Details of key management remuneration and related party transactions are disclosed in notes 7 and 13 to the fll]ancial statements. Trustees are required to disclose all relevant interests and register them with the Chair and in Cordance with the chity'S Conflict of Interests policy withdraw from decisions where a conflict of interest arises. The pay of the Chief Executive is reviewed annually and detem]ined by the B Tnningham Diocesan B0d of Finance as he is a seconded employee of that organisation. Remuneration in that organisation is benchmarked with that of similar organisations and due consideration is given to the level of atmual increments awarded to stipendiary clergy. The tn]stee board of Thrive Together Binningham does not directly infiuence the pay of the Chief Executive. 12
THRIVE TOGETHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES, (CONTINUED) Statement of Trustees, Responsibiliti&8 Tbe Trustees (who are also the directors of Thrive Together Birniingham for the purposes of company law) are responsible for preparing a trustee's annual report and financial statements in accordance with applicable Eaw and United Kingdom Accounting Standards (UK Generally Accepted Accounting PTactice). Company law requires the Charity trustees to prepare financial statements for each year which give a true and fair view of the state of the affairs of the charitable cornpany and of the surplus or deficit incurred by the charitable cornpany for that year. In preparing those financial statements the TTUStees are required to: select suitable accounting policies and then apply them consistently, observe the methods and principles in the Charities SORP (Statement of Recommended Practice). make judgments and estimates that are reasonable and prudent; state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue to exist. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy> at any time, the financial position of the charitable cornpany and to enable thern to ensure that the financial statements comply with the Companies Act 2006, They are also responsible for safeguarding the assets of the haritable company and hence for taking re&sonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the coryorate and financial infonnation included on the charitable company's website. Legalisation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Approved by the Board and signed on its behalf by: Date: Rev David Tomlinson Chair and Trustee 13
THRIVE TOGEfHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Independent examiner's report to the trustees of Thrive Together Birniingham ('the Company,) I report to the charity trustees on my examination of the a¢counts of th¢ Compgny for th¢ year ended 31 December 2024, which are set out on pages 15-33. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the pUOseS of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2(K)6 Cthe 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examiner's statement Since the company's gross income exceeded £250,000 yow examiner must be a member of a body listed in section 145 of the 2011 Act. I confimi that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirn] that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect,, accounting records w¢r¢ not kept in respect of the Company as required by Section 386 of the 2006 Act. or the accounts do not accord with those records. or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. or the accounts have not been prepared in accordance with the methods and principles of the Staternent of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. James Cruse ACA, FCCA J W Hinks LLP Chartered Accountants 19 Highfield Road Edgbaston Bimiingham West Midlands B15 3BH Date: 14
THRIVE TOGETHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 STATEMENT OF FINANCIAL ACTIVITIES {including an Income and expenditure account) Total funds 2024 Total funds 2023 Unrestricted Designated nds funds Restri¢tcd funds Note INCOME FROM: Donations CEiaritable activities 14,045 80,170 12.106 632,094 26,151 34,555 712,264 549,086 94,215 644,200 738,415 583,641 EXPENDITURE Charitable activities 58,516 1,769 611,028 671,313 (587,517) TOTAL EXPENDITURE 58,516 1,769 611,028 671,313 (587,517) Net in¢omel(¢xp¢nditure) 35,699 (1,769) 33,172 67,102 (3,876) TrSfer8 between funds (8,000) 8,769 (769) NET MOVEMENT IIY FUNDS 27,699 7,000 32,403 67,102 {3,876) RECONCILIA TION OF FUNDS Total funds at l January 2024 li 44,028 29,000 235,758 308,786 312,662 Total fund$ at 31 De¢ember 2024 li 71,727 36,000 268,161 375,888 308,786 All activities derive from continuing operations. For analysis of transfeTS between funds see note I l. The Statement of Financial Activities includes all gains and losses recognised in the year. 15
THRIVE TOGETHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 BALANCE SHEET c01IPANy NUMBER 08039675 Note 2024 2023 FIXED ASSETS Tangible assets 605 1,344 605 1.344 CURRENT ASSETS Dcbtors- r¢Goivublo within ono year Cash at bank 10,854 380,589 95,624 261,799 391,443 357,423 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR io (16,160) (49,981) NET CURRENT ASSETS 375,283 307,442 TOTAL ASSETS LESS CURRENT LIABILITIES 375,888 308,786 NET ASSETS 375,888 308,786 FUNDS Restricted in¢om¢ funds Unrestricted designatcd funds Unrestrictcd- gener funds 268,161 36,000 71,727 235,758 29,000 44,028 TOTAL CHARITY FUNDS 375,888 308,786 The accompanying accounting policies and notes fonn part of these financial statements. For the year ended 31 December 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Responsibilities of directorsltrustees.. The members have not required the charitable company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006. The diTectors/tru5tees acknowledge their responsibility for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. Approved by the Trustees on 15 July 2025 and signed on their behalf by: Revd David Tomlinson - Chair and Trustee 16
THRIVE TOGETHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CASH FLOW STATEMENT Notes 2024 2023 Cash provided by operating activities 118790 46,887 Cash flows from investing activities: Interest income Purchase of tangible fixed assets (1,458) Cash provided by/(used in) investing activities Increaseldecrease in cash and cash equivalents in the year 118,790 (48,345) Cash and c&sh equivalents at the beginning of the year 261,799 310,144 Cash and cash equivalents at the end of the year 380 589 261 799 Reconciliation of net (expenditure)/in¢ome to net cash flow from operating activities 2024 2023 Net income/(expenditure) for the year as per the SOFA 67,102 (3.876) Adjusted for: Depreciation Loss on fixed asset disposals Investment income Decreasel(increase) in debtors (Decrease)lincrease in creditors 739 1,276 84,770 (33,821) (87,048) 42.761 Net cash provided by operating activities 118790 Analysis of cash and cash equivalents Cash at bank and in hand as at l January 2024 261,799 Cashflow in year ended 31 December 2024 118,790 Cash at bank and in hand as at 31 December 2024 380,589 17
THRIVE TOGETHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Principal accounting polficles Basis of aceountlng The financial statements have been prepared in accordance with 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 (FRS102) (updated I January 2019) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of ITeland (FRS102) and the Companies Act 2006. Trive Together Binningham meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at histOTlC Cost or transaction value unLess othenvise stated in the relevant accounting policy note. Status of the company The charitable company is limited by guarantee and does not have share capital. The liability of rnembers is limited to £1 per member. Going Concern statement The financial statements have been prepared on a going concem basis which assumes that the charity will continue to operate. The validity of this assumption is dependent upon the continuance of support from the charity's key funders and stakeholders (Church Urban Fund ('CUF'), Bishop of Bimiingham 8J]d Birniingham Diocesan Board of Finance ('BDBF') and in response to the progress made by the charity ill pursuing a viable budget including the obtaining of further grants and donations, The charity's business plan shows that the charity will be able to operate in the foreseeable future. Based on this understanding the director trustses believe that it remains appropriate to prepare the financial statements on a going concern basis, The financial statements do not include any adjustments, which would result from the basis of preparation being inappropriate. Funds General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the chatity and which have not been de51gnated for other puOseS. Restricted funds are funds subject to conditions imposed by the donor or by specific tenns of the appeal under which the funds are raised. The restrictive conditions are binding upon the charitable company. Income All incorne is recognised in the Statement of Financial Activities when the charitsble company is legally entitled, uttimate receipt is probable, and the amount can be quantified with reasonable accuracy. Income relating to future periods, in accordance with donor-imp05ed conditions specifying the time period, has been treated as deferred income. Income dependent on certain conditions, amounting to more than mere administrative requirements, is recOLsed when the conditions have been fulfilled. Donated services Donated services (in kind) are recOlsed as income when the charity has control over the item, any Conditions associated with the donated item have been met, the receipt of economic benefit from use by the charity of the items is probable and that economic benefit can be measured reliably, On receipt, donated services are recognised on the basis of the value of the gift to the charity, namely at the equivalent cost to the donating organisation. A corresponding amount is then recognised in expenditure for the period. 18
THRtVE TOGEfHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 PrRncipal accounting policies (continued) Expenditure Liabilities are Tecognised as expenditure as soon as there is a legal or constructive obligation committing the charitable company to the expenditure. All expenditure is accounted for on an accruals basis. Expenditure is classified under the following actlvity headings: Costs of raising funds comprises the costs of publicity. Expenditure on charitable expenditure includes the costs of the project delivery undertaken to fijrther the pwposes of the charity and their associated support costs. IeCoverable VAT is charged as a cost against the activity for which the expenditure was incutted. Allocatlon of Support Costs Support costs are those functions that assist the work of the charity but do not directly undertake charitable activity. Support costs include back-office costs, finance, personnel and governance costs which support the charitable company's activities. These costs have been allocated to activities based on time spent and are shown in note 6. Penslon costs and other post-retirement benefits The charity contributes into a Group Personal Pension Plan for employees. This pension plan is defined contribution in nature and as required under FRS102 the annual cost is recognised as incurred and included In the Statement of Financial Activities. Flxed assets and depreeiAtion Capital items costing over £250 are capitalised and included in fixed assets. DepTecation is provided to write the cost of the asset off over its estimated useful economic life by equaI annual instalrnents at rates estimated to write off their costs less any residual value over the expected useful lives that are as follows.. IT equipment- 3 years Office equipment- 5 years Taxation As a registered charity no provision is considered necessary for taxation. Cash and cash equivalents Cash and cash equivalents include cash at bank and in hand and short-tern] deposits repayable on or within a three-month notice period. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Creditors Creditors are Tecognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be me&sured or estimated reliably. Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as b1¢ financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost. 19
THRIVE TOGEfHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Donations 2024 2024 Restrlcted funds Unrestricted funds 2024 Total 2023 ' Totsl BDBF- contribution to office costs donation Church of Englgnd Pgsish donations tndividual and other Christian organisation donations Trusts and Foundations 3,000 10,000 3,000 10,000 3,000 17,585 1,045 12,106 13,151 13,970 14,045 12,106 26,151 34,555 Income from charitable actlvltles 2024 Unrestricted runds 2024 Restrleted funds 2024 Total 2023 Total raith New Deal ' BDBF- in kind donation of services Ncar Neighbours (incl. Catalyst) Birniin8ham City Counoil - Body Mind Spirit Partnership (BMSP) Church Action on Poverty- Food Panty Poverty Truth Cummission Poverty Truth Nctwork Early Years BCC Di8ltai Inclusion Birnlingham Saf¢ Spaces Innovatlon Wami Wclcome (Cadent Gas) Warni Wel¢ome (PlaGc5 of Welcome) Warni Welcomc Arts Project Wunn W¢l¢ome Warm Wclcom¢ Mappin8 Wam Welcome Slow Cooker Project Wam) Welwme Support Other income 5,950 71,657 28,896 75,170 75,170 38211 38,211 225,0(H) 2,060. 11,253 225,000 2,060 11,253 262.500 53,939 3,000 30,000 27,143 21,739 53,912 117,603 27,143 21,739 53,912 117,603 24,043 35,651 12,340 10,000 6,110 50,000 14,000 26,173 45,000 50,000 14,000 26,173 45,0 5,000 5,000 5,000 80,170 632,094 712364 549,086 Income from charitsble activities relates to income generated from contractual arrgeMentS and other services provided. In 2023, income to restricted fimds w&s £503,984 and £79,657 to unrcstricted funds. Thc in-kind services by the BDBI," represents employe¢ time spent on th¢ day to day rurmin8 of Thrive Together Birmingham and other accountancy cost5. 20
THRIVE TOGEfHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Expenditure on charitable activities 2024 2024 Project Support and Activity Governallet 2024 TotAI 2023 Totsl Funded from Unrestricted Funds.. Other Development activities 58,516 58,516 48,775 S816 58,516 48,775 Funded from Designated Funds: Places of Welcome Near Neighbours staff costs Safe Spaces for Young People Communioations 8,291 2,408 1,769 1,769 1,769 1,769 10,699 Funded from Restri¢ted Funds: Near Neighbours Body. Mind & Spirit Partnership Poverty Ttuth Commission Poverty Truth Network Early Years Health & Wellb¢ins Servi¢¢ Food Pantry Feed Birmingham Places of Welcome Ageing Better Birniingham Safe Spaces Ennovation Digital Inclusion Project Toys4BHam aith New Deal Homel¢s5ness Wann Wel¢om¢ (Cadent) Warn] Welcome incl. Arts (BCC) Wam Welcome Support Warm Welcome Heating 49,070 246,636 30a43 49,070 246,636 30J43 26,794 282,332 62,311 3,000 26,024 2,000 26,024 2,000 28,273 10,957 9,312 6,371 700 24,043 53,912 20,970 15,093 3,955 5,000 137,720 6,178 14,127 53,912 20,970 15,093 3,955 5,000 137,720 6,178 14,127 12,863 5,909 8,777 28,816 17,585 611,028 611,028 528,043 Total 612,797 58,516 671,313 587,517
THRIVE TOGEfHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Expenditure on charitable activities (2023 comparatives) 2023 2023 Project Support and Aetivlty Governallce 2023 Total Funded from Unrestricted Funds.. Other Development activittes 48,775 48,775 48,775 48,775 Funded from Designated Funds: Pla¢es of Wcl¢om¢ Near Neighbours staff costs Safe Places Communications ,291 2,408 8291 2,408 10,699 10,699 Funded from Restricted Funds: Near Neighbours Body, Mind & Spirit Parthership Povcrty Truth Commission Pov¢ty Truth Network F.arly Years Health & Wellbeing Scrvi¢¢ Food Pantry F¢ed Birniingham Places of Wel¢ome A8eing Better Birmingham Saf¢ Spac¢s Innovation Toyy4B14am Faith New Deal Warm Welcome Arts Proje¢t Warm Wclcomc (Cadenl) Warm Wclcom¢ (BCC) Wartn Welcome E.Icatin8 26,794 282,332 62,311 3,000 26,794 282,332 62,311 3,000 28,273 10,957 9012 6?71 700 24,043 12,863 5,909 6,805 8,777 22,011 17,585 10,957 9,312 6,371 700 24,043 12,863 5,909 6,805 8,777 22,011 17,585 528,043 528,043 Total 538,742 48,775 587,517
THRIVE TOGETHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysis of Grants Made Nurnber 2024 Value 2023 Value Funded from Restricted Funds.. Body, Mind & Spirit Partnership Feed Birmingham Early Ye8SS Birn]ingham Safe Spaces Innovation Wami Welcome (Cadent) Wam Welcome (BCC) Warni Welcome Heating Homelessness 37 172.984 194,048 9,312 5,000 Is,000 loo,000 1,000 20 15,901 17,585 5,000 Total 64 298,984 236,846 2023 comparative Number 2023 Value Funded fTom Restricted Funds: Body, Mind & Spirit Partnership reed Birmingham Warm Welcome (Cadent) Warm Welcome (BCC) Warm Welcome Heating 38 194,048 9,312 32 15,901 17,585 TotAI 78 236,846
THRtVE TOGEfHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysis of support and governance costs 2024 Total Support costs Governance Wages and sdldries, including in kind services from BDBF Office rent Administrative support costs Travel and trainin8 costs Insurance Depreciation Indcpendent Examination Ejoard Strategy Day and expenses Bank Charges on transactions Management charges recovered from projects 75,170 ioJoo 6,986 414 2,127 739 8,888 84,058 . 10,51)0 6,986 414 2,127 739 3,686 3,686 94 142 142 (50,230) (50,230) Total 45048 12,668 58,516 2023 Comparative 2023 Total Support ¢osts Governance W&ges and salaries, includin8 in kind services from BDBr Olfi¢¢ r¢nt Administrulive support costs Travel and training costs Insuran¢¢ Depreciation Independent Examination Board Stratcgy Day and expenses Communications Bank Charges on tr8nsa¢tions Management charges recovered from projects 71,657 10,400 1,390 351 2,103 1,239 15,119 86,776 10,400 1,390 351 2,103 1,239 3,060 88 74 151 3,060 8¥ 74 151 (56,857) (56,857) Total 30,434 18,341 48,775 24
THRIVE TOGETHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysis of staff costy trustee remuneration and expense& and the cost of key management personnel 2024 2023 Wages and salari&s Employer National Insurance Pension costs Redundancy payment 174,465 14,373 10,270 166,337 16,654 10,313 199,108 193,304 This can be further analysed as.. Wages and salaries of employed staff - project activity 115,050 106,528 Wages and salaries of employed staff - Support & governance In-kind donation of staff time from BDBF - Support & governance 8,888 75,170 15,119 71,657 Total - Support & 8oveman¢e 84,058 86,776 Tot&1 199,108 193,304 No employees had employee benefiL8.in excess of £60,000 (2023: nil). Pension Costs are allocated to activities in line with the nature of the activities that a particular staff member works on. The charity trustees were not paid or received any other benefits from employment with the charity. Trustee travel expen.8es reimbursed during the year amountsd to £nil (2023.. £nil). The key management personnel of the ¢hority comprise the trustees and the Chief Executive, The Chief Executive is on secondment from the Birniingham Diocesan Board of finance, which equates to an in-kind cosl of£65,830. (2023.. £62,759) including employer related costs. The charity has not paid any employee b¢n¢fits directly to the key management personnel of the charity. Thrive. maintains a small core of pennRnent staff, who are deployed on a ran8e of projects as required in addition to ¢ov¢ring cor¢ administration tasks. Additional stsff and consUltts are then engaged on fixed tern] orran8ements as required to deliver current projects. For employed staff the average monthly head count and the average monthly Thumber of full-time equivalents during th¢ yeW&% 4 and 3 (2023: 4 and 3).
THRIVE TOGEfHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Fixed assets Cosvdeemed eost or valuatlon At l January 2024 Additions Disposals 10,058 7,551 17,609 (7,326) (5,807) (13,133) At 31 December 2024 2,732 1,744 4,476 Accumulated depreciatio At l Jllary 2024 Charge for the year Depreciation on disposals 8,803 650 (7,326) 7,462 89 (5,807) 16,265 739 (13,133) At 31 D¢c¢mber 2024 2,127 1,744 3071 Lyet book value At 31 Dcwmbor 2024 605 605 At 31 Dc¢cmber 2023 1,255 89 1,344 Debtors Amounts receivable within l year.. 2024 2023 Prepayments and Accrued Income Other Debtors 633 10,221 1,161 94,463 10,854 95,624 10 Creditors: amounts falling due within one year: 2024 2023 Trade Creditors A¢¢ruals Othcr Creditor$ and Deferred Income 1,180 3,504 11,476 3,077 46,904 16,160 49.981
THRIVE TOGETHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 li Funds Balance at I January 2024 Balance at 31 December Income Expenditure Transfers 2024 Restri¢t¢d funds.. Homelessness (Previously Binningham Churches Winter Night Shelter) Near Neighbours Programme Body Mind & Spirit Partnership Poverty Truth Commission Food Pantry and r,ood w)v¢rty Early Years Heth & Wellbeing Service Digital Inclusion Project Warni Welcome Grants (incl. Arts) Wami Welcome Support Costs Warni Welcome Mapping Proje¢t Warni Welcome Slow.Cook¢r Project Warni Welcome Cadent Gas Faith New Deal Birn1ingham Safe Spaces Innovation Toys4BHam 7,214 {5,000) 2214 10,859 127,366 19.091 6,899 20,558 38211 22S,I)00 11253 2,060 27,143 21,739 (49,070) {246,636) (30J44) (2,000) (26,024) {20,970) (6,178) (14,127) 105,730 6,959 21,677 (769) 7,294 51,116 30,873 14,000 26,173 6,758 45,000 14,000 26,173 117,603 26,874 3,955 (137,719) {3,955) {53,912) {15,093) 53J12 12,106 5,648 2,661 235,758 644,200 (611,028) (769) 268,161 Unrestri¢t¢d funds: Designated Near Neighbours Staff Costs Designated R'edundancy Costs Designated Young People Programme 18,0(X) 4,000 7,000 4,000 4,769 8,000 10,000 (1,769) 29,000 (1,769) 8,769 36,000 General Fund 44,028 94215 (58,516) (8,000) 71,727 Totsl funds ' 308,786 738,415 (671,313) 375,888 27
THRIVETOGEfHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 11 Funds (continued) Balance at l January 2023 Balanee at 31 December 2023 Income Expenditure Transfers Restricted funds: Homelessness (Previously Bimingha Churches Winler Night Shelter) Near Ncighbours Pro8ramme Body Mind & Spirit Partnership Pov¢ty Truth Commission Povety Trnth N¢twork Food Pantry Early Years14ealth & W¢llbein8 Service A8ein8 Better Feed Birmingham Places of Welcome Warm W¢lcom¢ Grants Warm Welcome Projects Warn] Welcome Hcating Warn] Welcome Cadent Gas WM Welcome Arts Project Faith New Deal Bim]in8ham Safe Spaces Innovation 1'oys4BFlam 7,214 7,214 8,757 147,198 27,463 28,896 262,500 53,939 3,(H)O (26,794) (282 J32) (62,311) (3,000) (10,957) (28,273) (700) (9,312) (6,371) (15,901) (6,110) (17,585) (8,777) (6005) (5,909) (24,043) (12,863) 10,859 127,366 19,091 17,856 18,831 736 9,192 6,899 20,558 30,000 (36) 120 (5,969) 12a40 20,000 4,099 6,110 17,585 35,651 10,000 5,950 24,043 13,970 26,874 3,195 3,955 3,914 4,541 5,648 265,702 503,984 (528,043) {5,885) 235,758 Unrestricted funds.. Designated Safc Places Designated Near Ncighbours Staff Costs Designuted Redundancy Costs Designated Youn8 People Programme 1,329 18,000 4,000 7,000 (1,329) 8,291 (8,291) 18,OIN) 4,01)0 7,000 (2,408) 2,408 30,329 {10,699) 9,370 29,0(K) General Fund 16,631 79,657 (48,775) (3,485) 44,028 Total funds 312,662 583,641 (587,517) 308,786
THRIVE TOGETHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 li Funds (continued) Details of the restricted funds are as follows: Homelessness- This fLmd relates to specific donations raised to fund delivery of a historic Winter Night Shelter project. Now renamed as Homelessness it will be used to support homelessness work and developing activity in Birn]ingham in response to 'Coming Home,, a report commissioned by the Archbishops of Canterbury and York in response to the housing crisis. Near Neighbours Programme - These fimds relate to our "Near Neighbours" programme funded by a central government grant via the Church Urban Fund. This is used to fund the day-to-day operations of this Project. Body Mind & Spirit Partnership- This fund relates to our work through the 'Body, Mind and Spirit Partnership, that is comrnissioned by Birmingham City Council to deliver support and activities to older people. Povety TTUth Commission - This fund relates to a grant from the Bimiingham City Council Public Health to support the op¢rational costs of hosting a Poverty Truth Commission in Bimingham. Food Pantry and Food Poverty- Thls fund relates to support for Food Poverty projects. Early Years Health & Wellbeing Services - This fund relates to our work through the Early Years Health & Wellbeing Services contract from Binningham Community Healthcare NHS Foundation Trust to support their delivery to families with young children. Digital Inclusion Project -This fimd relates to a grant from Birn]ingham City Council to deliver a time limited project providing digital resources and &ssociated support to Warn] Welcome partners supporting individuals experiencing digital exclusion. Wann Welcome Grants (incl. Arts) - This relates to funding to create a small grants fund to support churches and Christian organisations responding to the Cost of Living Crisis by offering a place of Wann Welcome and towards the costs of developing Wann Welcome activity around Birn]ingham. Warni Welcome Support Costs - This relates to grants from Birn]ingham City Council for specific pieces of development work in supporting groups participating in Birnlingham Warn] Welcome network. Wann Welcome Mapping Project - This relates to a specific project funded by Binningham City Council to explore the potential for a partnerslllp between the Binningham Warn) Welcome network and health providers in Birnilngham. Wann Welcome Slow Cooker project - This relates to funding received from Binningham City Council for operational costs of Warni Welcome centres to run slow cooker training courses, Warn] Welcome Cadent Gas - This fund relates to a grant from Cadent Gas Ltd towards salary costs to marjage Warn] Welcome activity and to support an investment programme to con]munity organisations working in partnership with Trive. Faith New Deal- This fund relates to a grant from the Ministy for Housing, Communities & Local Governtnent to a partneTship of members of the Together Network to deliver a consultation activity across the country. In Birn]ingham our focus was hearing the experiences of families with young children. Bimiingham Safe Spaces Innovation Fund- This relates to a grant from Church Commissioners of England via Bimiingham Diocesan Board of Finance to develop Safe Spaces for Young People with Anglican churches in the Diocese of Birniingham. 29
THRIVE TOGEfHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 11 Funds (continued) Toys4BHam - This fund relates to donations Teceived to support a Christmas Appeal for Toys which were distributed to families suffering as a result of the Cost of Living Crisis. Details of the desiated unrestrictsd funds are as follows: Near Neighbours Staff Costs - Due to the uncertainty of consistent funding from Church Urban Fund to support the employment Costs of the Near Neighbours Development Worker trustees have made provision for 50 /0 of this expense in the 2025 financial year. Redundancy Costs - Recognising the significant uncertainty around Near Neighbours funding trustees have made provision to cover the potential redundancy costs of the Near Neighbours Development Worker post. Young People Programme - Trustees have made activity to support young people a priority so with the threat to youth services across Birmingham they have designated funds to support consultancy costs for Thrive to collaborate tn an emerging citywide youth work partnership. 12 Net Assets by Fund 2024 2024 Unrestrlcted DeslgnAted funds fund5 2024 Restrlcted nds 2024 Total funds Fixed &8sets Debtors Cash Creditors less than l year 605 633 73,993 (3,504) 605 10,854 380,589 {16,160) 10,221 270,596 {12,656) 36,000 71,727 36,000 268,161 375,888 2023 Unrestrlcted f¥nd$ 2023 Deslgnated funds 2023 Restrlcted funds 2023 Total thnds Fixed &8sets Debtors. Cash Creditors l¢ss than l year 1,344 565 45,179 (3,060) 1,344 95,624 261,799 (49,981) 95,059 187,620 (46,921) 29,000 44,028 29,000 235,758 308,786 30
THRIVE TOGETHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13 Controlling Interests and related party transaction5 The charity is a joint venture between the Church Urban Fund ("CUF"), the Bishop of Binningham and the Birniingham Diocesan Board of Finance set out in the Report of the Trustees on page 9. CUF 15 the lead accountable body for the Near Neighbours Programme ftlnded by the Ministry for Housing, Communities & Local Government. Thrive Together Birn]ingham is a project partner in the Programme and received £38,21 l of grant funding via CUF (2023: £35,006). The Binningham Diocesan Board of Finance contributed in kind donations of £75,170 (2023: £71,657) of employee time and other costs towards the day to day running of the charity. The Birn]ingham Diocesan Board of Finance contributed £3,000 (2023: £3,000) towards the Offi costs of Thrive Together Birmingham. 31
THIUVE TOGETHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 14 Prior Year Comparative Statement of Financial Activities UnrestriGt¢d Designated funds funds Restricted funds Total Fund5 INCOME FROM: Donations Charitable activities 3,000 76,657 31,555 472,429 34,555 549.086 TOTAL INCOME 503 984 583 641 EXPENDITURE Charitable activities (48,775) (10,699) (528,043) {587,517) TOTAL EXPENDITURE 528 043 587517 Net incom¢l(¢xp¢nditure) 30,882 (10,699) (24,059) (3,876) Trtmsfers between funds (3,485) 9,370 (5,885) NET MOVEMENT IN FUNDS RECONCILIA TION OF FUNDS Totsl fund5 &t l January 2023 27,397 (1,329) (29,944) (3,876) 16,631 30,329 265,702 312,662 Total funds at 31 December 2023 44,028 29,000 235,758 308,786 32
THRIVE TOGEFHER BIRMINGHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACKNOWLEDGEMENT OF FUNDERS The Tnjstees of Thrive Together Birn]ingharn acknowledge their thanks to the folEowing fundeTS for their generosity to the charity during the year ended 31 December 2024: Birniingham City Council Bim]ingham City Council: Public Health Birniingham Community Healthcare NHS Foundation Trust The Birniingham Diocesan Board of Finance Cadent Gas Ltd Church Action on Poverty Church Commissioners for England via The Bimiingham Diocesan Board ofFinance Groundwork West Midlands Ministy for Housing. Communities & Local Govenm]ent via Chwch Urban Fund Amazon UK Bishop of Bimiingham St, James the Hill PCC Donations via Charitable Giving website Anonymous donations from various individuals 33