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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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|Reference and Administrative Information||||1|||
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|Report ofthe Trustees||||2|||
|StatementofTrustees’|responsibilities|||13|||
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|ReportoftheIndependentExaminer||||40|||
|Statementoffinancialactivities|activities|,||15|||
|(Incorporating anincomeandexpenditure|||account)||||
|Balance sheet||||16|,||
|Cashflowstatement||||17|||
|Notesto the financial statements||||18|||
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|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 ToG￿HER 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
Irnp￿t 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 g￿dS
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 SI￿lfICant 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
trallsfe￿ed 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 disCh￿ge 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 ch￿ity'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 B0￿d 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 pU￿OseS 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)
Tr￿Sfer8 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
c01￿IPANy 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 pu￿OseS.
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
recO￿Lsed when the conditions have been fulfilled.
Donated services
Donated services (in kind) are recO￿lsed 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.
I￿eCoverable 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 b￿1¢ 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 arr￿geMentS 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
S8￿16
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 consUlt￿ts 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¢
ye￿W&% 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 J￿llary 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 He￿th & 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
W￿M 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 desi￿ated 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