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← The Colebridge Trust Ltd

2025-03-31-accounts

REGISTERED COMPANY NUMBER: 04475291 REGISTERED CHARITY NUMBER: 1155468 Report of the Trustees and Financial Statements for the Year Ended 31 March 2025 for The Colebridge Trust Ltd trust Audited by: . Locke Williams Associates LLP Chartered Accountants Registered Auditors Studio 2 50-54 St Pauls Square Bimiingham B3 1QS

The Colebridge Trust Ltd Contents of the Financial Statements for the Year Ended 31 March 2024 Page Foreword Chair- Richard Clark CIHCM CEO Statement- Chet Pamier FRSPH Report of the Trustees 4 to 10 Report of the Independent Auditors 11 to 13 Consolidated Statement of Financial Activities 14 Balance Sheets 15 Cash Flow Statement 16 Notes to the Cash Flow Statement 17 Notes to the Financial Statements 18 to 28 Detailed Statement of Financial Activities {Charity) 29

As Chair of Colebridge Trust, I am pleased to be able to introduce the annual report for the year ending 31[st] March 2025 on behalf of our trustees and directors.

During this year we had a change of central government amidst the continuing social and economic challenges that have impacted upon the communities that we work within and are a part of.

Whilst the demand for our charitable services has increased, the funding for such support is becoming increasingly more difficult to identify and secure. Funders, the charity commission and commissioners are also increasing their due diligence and scrutiny as a result of increased pressures on public funding. Colebridge have always had good financial control and our accounts are externally examined. The board have embraced the introduction of new systems, such as our new online board management platform and having more regular meetings online. Additionally, we have a commitment to maintain strength and depth of the trustee / director team through skills auditing, recruitment and training. At the time of writing, we have legal, HR, community, disability, public health, IT, education, crime & anti-social behaviour, housing and marketing expertise within our team.

I want to take this opportunity to highlight the passing of Vice Chair David Arthur Dunkley, who had served on our board for many years. His contribution to the development of the trust was outstanding and he also had a long and distinguished educational career behind him. He came to North Solihull in the 1960's, just as the new estates were being built. He believed that education was important, however he also recognised the importance of the wider community in raising resilient children with positive futures. He supported regeneration, adult education and empowerment. As a volunteer on the board, he was immensely proud of the trust’s achievements in supporting local families. He often highlighted our development of Evergreen Family Hub, Colebridge Enterprises and the employment and skills work as key successes. He encouraged ‘giving disadvantaged people a chance’ and ‘helping them to develop their skills and confidence ~~"~~ There are numerous examples of former Colebridge employees and volunteers thriving in their next jobs, due to the experience that they have gained and the support that we have provided as an employer. Although his absence from the board is deeply felt, I am certain he would have appreciated the continued accomplishments of our charity.

The immediate years ahead are set to be just as challenging as the last 12 months, however I believe that we have the leadership, staff, partnerships and faith of the community in place to make a positive difference to the people that need us most. I'd like to thank all of those concerned, with helping the trust to be effective in its endeavours.

RICHARD CLARK CIHCM

Chair of Trustees (Director) Colebridge Trust

7 In 2019, I was offered the opportunity to lead the trust on an interim basis, having

mn originally started in 2016 as the Head of Enterprises, Employment and Skills in a

i jointly employed role with a local schools collaborative, that consisted of 8 primary schools and 2 secondary schools. I had just spent 3 years working within Economic Development and Regeneration at the local authority, with a lot of the work focused on area of benefit. <« In the dozen or so years of working locally, I have been immensely proud of the people é Colebridge’s and organisations that I have had the pleasure to work with. It is not easy to reverse decades of poor health outcomes, high levels of unemployment and in some cases long periods of under investment. The commitment to making a difference in other people’s lives, often means that staff and volunteers set aside their own challenges. This was certainly the case during COVID and continues to be the case during the current ‘cost of living crisis , . Despite the selfless nature of such staff, we, alongside other voluntary, community, faith and social enterprise (VCFSE) colleagues have started to see issues of recruitment and retention arising from increasing wage gaps between sectors and the need for job stability. Much of our funding is short-term and although we have been an organisation with a trading arm (Colebridge Enterprises), we are still required to generate grant funding. Such funding requires the use of fixed-term contracts, something that has increased in recent years. There is also pressure on our traditional pool of local volunteers, as people are required to find paid work and work into later years to meet their financial commitments.

According to one source, in 2024, over 900 smaller charities were forced to close, organisations with an income of under £1m. For the past several years we have been an organisation with an income hovering around that mark. With tight control over our overheads, we have been able to mitigate against financial risk. We have also worked tirelessly to bring in contractual income, which can contribute towards our overheads, albeit a rapidly moving target. A key part of the trust for over 2 decades has been the delivery of employment and skills contracts on behalf of further education, local authority and combined authority organisations.

Within the last couple of years, there has been a shift towards true partnership working amongst he public sector and VCFSE organisations, particularly as budgets are squeezed and income generation becomes more difficult. As a place-based organisation, practicing Asset Based Community Development (ABCD), it has been imperative for us to maintain close working relationships with the local authorities, combined authority, NHS, schools, housing association and other key organisations. Once again, I have to thank these organisations for their continued commitment and faith in Colebridge Trust.

In the 2024 / 2025 financial year we had projects that covered all of our core objectives and priorities. These are often interlinked and our staff / volunteers are often required to wear multiple hats as we continue to offer a one-stop-shop to our service users. For many of our beneficiaries, telling their story once to somebody that they trust and to somebody that does not judge is hugely beneficial. It reduces anxiety and stress and is less demeaning. We are also able to understand what issues the person is faced with and can help them to prioritise getting help, so that they are not so overwhelmed. Indeed, through our health and wellbeing work, we know that reducing the risk of poor health outcomes is often further down the list or not on the list at all as people focus on their immediate heating, eating and housing needs.

Our partnership working with Around Again, has enable us to support via food parcels and we have had a joint project with Cadent, around energy and safety in the home.

Within this financial year, we have continued to be the Local Trusted Organisation (LTO) for Cars Area Together, as part of one the most successful Big Local projects. Over 12 years of investment into Smiths Wood.

The ISO 9001, assembly and packing social enterprise, Colebridge Enterprises, has had a good year, producing quality work and delivering over 20,000 hours of supported employment. We know that we have some challenges ahead, arising from the pressures on UK manufacturing. These include raw materials, overheads, logistics and the shift towards automation. The latter reflects my concerns on entry level jobs and the emerging threat of Artificial Intelligence. As an organisation that believes in inclusive growth, can we achieve this without fully understanding what that means in an employment and skills context?

Looking ahead, we can see that there may be a need to consolidate activities and pivot some of our focus. We will continue to work in partnership with local organisations and hope to continue with the infrastructure and place-making work that we have always been involved with, as a key partners with the local authority and other strategic organisations.

We have been ambitious with our plans to develop community-led housing and although this has been a long and frustrating road, we are pleased to have support from different quarters, particularly those that understand how a community organisation can reinvest any rents collected, for the benefit of the local community. There are also more obvious benefits, such as providing much needed housing and strengthening the community and helping the trust to be more sustainable.

Whilst we have good reserves, that are in excess of 3-month operating costs, I believe that we will need to utilise the reserves for more difficult times ahead and because some areas of the trust require investment.

In 2027, we will launch a longer-term strategy that reflects emerging issues, community need and our continued commitment to Solihull and surrounding areas. This is something that we will develop before the start of the next financial year.

Lastly, I also wanted to acknowledge the contribution of Dave Dunkley, Vice Chair of Colebridge Trust. Before his passing he had expressed his view that the board of the Colebridge Trust and the relationships that we had would ensure that we benefited residents and the local VCFSE for many years to come. He would have wanted me to thank the member organisations, partners, staff, volunteers and the wider community for their involvement with our work. He would have also had a lot to say about being resilient during times of uncertainty and taking strength from knowing that we genuinely make a difference.

Chet Parmar FRSPH

Chief Executive Officer The Colebridge Trust Limited

report with the financial statements of the charity for the year ended 31 March 2024 ~~.~~ The trustees have adopted

; =4 issues too.age . . In addition to income generated directly, our work has been

The Colebridge Trust Ltd Report of the Trustees for the Year Ended 31 March 2025 We have also continued to develop our partnership with Around Again Chanty to provide a comprehensive support offer to those who are facing the effects of poverty, this includes food parcels and budgeting advice. Additionally, we have been supporting Solihull Council and the combined authority with place-based priorities. North Solihull remains a key delivery location for the trust. wth the community centre. family hub and industrial unit all being based in this locality. We were pleased to be finalists in the West Midlands Combined Authority Social Economy Awards for 2024. Wth less established organisations in North Solihull, this work has enabled us to deliver training and networking opportunities that will enable organisations to sustain and grow. FINANCIAL REVIEW Financial overview The consolidated results for the year and the financial position of the company are shown in the financial statements annexed to this report. In the financial yearto 31 March 2025 the charity made a surplus of£89,080 increasing reserves to £669,522. Consolidating the resuMs ofthe trading subsidiary, the group made a surplus of £66,639. This will enable the group to sustain cu￿ent projects once current funding streams end and further funding is sought. Charity tumover increased by £158,703 compared with the previous year. This is the result of an increase in grants to support activities together with income from Colebridge Enterprises due to increased output. The Trustees consider this to be a very positive outtum. In addition, £85,514 was received as a donation from the subsidiary company. Sources of charity income included a total of £629,017 from grants of which £179,304 was restricted income from the Big Local Trust, the Big Lottery and other local trusts. Reserves policy The charity's consolidated free resetves at 31 March 2025 are £687.462. The unrestricted funds, except those invested in tangible fixed assets, are the free reserves of the charity. There are restricted funds, from the Big Local Trust and the Big Lottery, included in the total rese￿eS at 31st March 2025 The board aspires to sustain free reserves above a level of three months running costs and this is currently the position. This policy will be reviewed in the next financial year. Going concern The financial statements have been prepared on a going concem basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. Page 6

for the Year Ended 31 March 2025

for the Year Ended 31 March 2025

The Colebridge Trust Ltd Report of the Trustees for the Year Ended 31 March 2025 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04475291 (England and Vvales) Registered Charity number 1155468 Registered office Junction 100 Chapelhouse Road Chelmsley Wood B37 SHA Trustees R Clark- Chair D A Dunkley- Vice Chair W J Albutt M Cadess A S Potter L Harrison J Timbrell Company Secretary C Pamiar Auditors Locke Williams Associates LLP Chartered Accountants Registered Auditors Studio 2 50-54 St Pauls Square Birmingham B3 1QS Bankers The Co-operative Bank PLC PO Box 101 1 Balloon Street Manchester B91 3RG Page 9

The Colebridge Trust Ltd Report of the Trustees for the Year Ended 31 March 2025 STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees (who are also the directors of The Colebridge Trust Ltd for the purposes of company law) are responsible for preparing the Report ofthe Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charity SORP" make judgements and estimates that are reasonable and prudent- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose wth reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware.. there is no relevant audit infomiation of vthich the charitable company's auditors are unaware., and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to estsblish that the auditors are aware of that information. AUDITORS The auditors will be proposed for re-appointment at the forthcoming Annual General Meeting. Approved by order of the board of trustees on 17th November 2025 and signed on its behalf by.. Richard Clark CIHCM - Trustee l Director Page 10

LOCKLWILLIAMS ASSOCIATES LLP Report of the Independent Auditors to the Members of The Colebridge Trust Ltd Opinion We have audited the financial statements of The Colebridge Trust Ltd (the parent 'charitable company,) and its subsidiary (the 'group') for the year ended 31 March 2025 which comprise the consolidated Statement of Financial Activities, the consolidated and parent company Balance Sheet, the consolidated Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view ofthe state of the group's and of the parent charitable company's affairs as at 31 March 2025 and of the group's incoming resources and application of resources, including its income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance wth the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) IISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concem In auditing the financial statements. we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the charitable company's ability to continue as a going concem for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees viith respect to going concern are described in the relevant sections ofthis report. Other inforniation The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report ofthe Independent Auditors thereon. Our opinion on the financial ststements does not cover the other infomiation and, except to the extent othe￿iSe explicitly stated in our report. we do not express any fomi of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other infomation and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audrt or othewse appears to be matenally misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other infomiation. we are required to report that fact. We have nothing to report in this regard. Page11

Report of the Independent Auditors to the Members of The Colebridge Trust Ltd Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the infomiation given in the Report of the Trustees for the financial year for vthich the financial statements are prepared is consistent with the financial statements- and the Report of the Trustees has been prepared in accordance v￿h applicable legal requirements. Matters on which we are required to report by exception In the light ofthe knowledge and understanding ofthe charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept or retums adequate for our audit have not been received from branches not visited by us- or the financial statements are not in agreement with the accounting records and returns,. or certain disclosures of trustees, remuneration specified by law are not made- or we have not received all the infomiation and explanations we require for our audit- or the trustees were not entitled to take advantsge of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees {who are also the directors of the charitable company forthe purposes of company law} are responsible forthe preparation ofthe financial ststements and for being satisfied that they give a true and fair view. and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going con￿rn, disclosing, as applicable, matters related to going Goncern and using the going concem basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS {UKI wll always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial ststements. Irregularities, including fraud, are instances of non-compliance wth laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. We gained an understsnding ofthe legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to these risks, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. Page 12

Report of the Independent Auditors to the Members of The Colebridge Trust Ltd We focussed on laws and regulations )￿ich could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management and enquiries of third parties vthere appropriate. There are inherent limitations in the audit prO￿dureS described above and, the further removed non- compliance wth laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and checking the authorisation of expenditure as part of our substantive testing, using analytical review to identify any significant or unusual transactions and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors, report and for no other purpose. To the fvllest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. avid Williams (Senior Statutory Auditor) for and on behalf of Locke Williams Associates LLP Chartered Accountsnts Registered Auditors Studio 2 50-54 St Pauls Square Birmingham B3 1QS Date.. 17 December 2025 LW TRUSTED ACCOUNTING SOLUTIONS ICAEW CHARTERED ACCOUNTANTS ACTA TEP I F(CA ￿￿￿n￿3 IIiT:0121262M) Page 13 info@lockewilliams.com www.lockewilliam3.com

The Colebridge Trust Ltd Consolidated Statement of Financial Activities {Incorporating an Income and Expenditure Account} for the Year Ended 31 March 2025 31.3.25 Totsl funds 31.3.24 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 295 295 2,534 Charitable activities Charitable activities 449,548 179,469 629,017 547,009 Other trading activities 552,341 552,341 528,530 Total 1,002,184 179,469 1,181,653 1,078,073 EXPENDITURE ON Raising funds 32,348 32,348 30,977 Charitable activities Charitable activities 898,455 184,211 1,082,666 965,680 Total 930,803 184,211 1,115,014 996,657 NET INCOMEI(EXPENDITURE) 71.381 (4.742) 66,639 81.416 RECONCILIATION OF FUNDS Total funds brought forward 616,081 69,215 685,296 603,880 TOTAL FUNDS CARRIED FORWARD 687,462 64,473 751,935 685,296 The notes form part of these financial statements Page 14

The Colebridge Trust Ltd (Registered number: 04475291) Balance Sheets 31 March 2025 Group 31.3.25 Charity 31.3.25 31.3.24 31.3.24 Notes FIXED ASSETS Tangible assets 11 2,311 4,622 CURRENT ASSETS Debtors Cash at bank and in hand 13 220,761 753.870 248,585 806,593 621,566 427 105 622,062 303,738 1.158.844 1,055,178 1.048.671 925,800 CREDITORS Amounts falling due within one year 14 (409,220) (374,504) 1379,149) {345,358) NET CURRENT ASSETS 749,624 680,674 669.522 580,442 TOTAL ASSETS LESS CURRENT LIABILITIES 751,935 685,296 669,522 580,442 NET ASSETS 751,935 685,296 669,522 580,442 FUNDS Unrestricted funds Restricted funds 16 687,462 64,473 616,081 69,215 605,049 64,473 511,227 69,215 751.935 685,296 669,522 580,442 These financial statements have been prepared in accordan￿ with the provisions applicable to charitable Gompanies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 17th November 2025 and were signed on its behalf by.. Richard Clark CIHCM - Trustee l Director The notes form part of these financial statements Page 15

The Colebridge Trust Ltd Consolidated Cash Flow Statement for the Year Ended 31 March 2025 31.3.25 31.3.24 Notes Cash flows from operating activities Cash generated from operations 131.490 191,076 Net cash provided by operating activities 131,490 191,076 Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 131,490 191,076 806,593 615,517 Cash and cash equivalents at the end of the reporting period 938,083 806,593 The notes form part of these financial statements Page 16

The Colebridge Trust Ltd Notes to the Consolidated Cash Flow Statement for the Year Ended 31 March 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.25 31.3.24 Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Decreasel{increase) in debtors Increase in creditors 66,639 81,416 2,311 27,824 34.716 2,312 (91,236) 198,584 Net cash provided by operations 131,490 191,076 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.24 Cash flow At 31.3.25 Net cash Cash at bank and in hand 806,593 131,490 938,083 806,593 131,490 938,083 Total 806.593 131.490 938.083 The notes form part of these financial statements Page 17

The Colebridge Trust Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company. which is a public benefit entty under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 IFRS 102) {effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, wth the exception of investments which are included at market value. Group financial statements The financial statements consolidate the results of the charity and its wholly owned subsidiary Colebridge Enterprises Ltd on a line-by-line basis. A separate Statement of Financial Activities and Income and Expenditure Account for the charity has not been presented because the Trust has taken advantage of the exemption afforded by section 408 of the Companies Act 2006. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those Conditions are fully met or the fulfilment of those conditions is wthin the control of the charity and it is probable that they will be fulfilled. Income from trading activities includes income eamed from fundraising events. trading activities and recharges of premises costs to tenants. Income is received in exchange for supplying goods and servI￿s, in order to raise funds and is recognised when entitlement has occurred. Income from grants, whether'capital, grants or'revenue, grants. is recognised at fair value when the charity has entillement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity., this is nomially upon notification of the interest paid or payable by the Bank. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified underheadingsthataggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent the use of resources. Expenditure is classified under the following activity headings= Costs of raising funds comprise the costs of commercial trading including those of the wholly owned trading subsidiary. Expenditure on charitable activities includes the direct costs of activities undertaken to ￿rther the purposes of the charity, including grants payable and all associated support costs. Irrecoverable VAT is charged as an expense against charitable activtties. Page 18

The Colebridge Trust Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES - continued Expenditure Grants payable to third parties are wthin the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity. Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, govemance costs. administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity- Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent wth use of the resources. Tangible fixed assets All tangible fixed assets are fully depreciated. Individual fixed assets costing £1,000 or more are capitalised at cost. 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. Cash at bank and in hand Cash at bank and cash in hand includes cash and short temi highly liquid investments with a short maturity of three months or less from the date of acquisition or opening ofthe deposit or similar account. Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that wll probably result in the transfer of funds to a third party and the amount due to setue the obligation can be measured or estimated reliably. Creditors and provisions are nonnally recognised at their settlement amount after allowing for any trade discounts due. Taxation The Colebridge Trust Ltd meets the definition of charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charty for UK corporats'on tax purposes. Fund accounting Unrestricted funds can be used in accordance wf(h the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes wthin the objects of the charity. Restrictions arise when specified by the donor or vthen fvnds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fiJnd is included in the notes to the financial statements. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 19

The Colebridge Trust Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2025 DONATIONS AND LEGACIES - GROUP 31.3.25 31.3.24 Donations 295 2,534 The wholly owned trading subsidiary Colebridge Enterprises Ltd is incorporated in the United Kingdom {company number 08506031) and pays all of its profits to the charity under the Gift Aid scheme. A summary of the trading results is shown below. 31.3.25 31.3.24 Turnover Other income Cost of sales and administration costs 542,124 1,259 480,309 502,951 14,575 434,323 NET PROFIT 83,203 Amount gift aided to the charity 85,514 49,151 The assets and liabilities of the subsidiary were= Fixed assets Current assets Current liabilities 2,311 647,724 567,624 4,622 614,294 514.065 Total net assets 82,411 104,851 Aggregate share capital and reserves 82,411 104,851 The company pays over its tsxable profits to The Colebridge Trust Ltd by way of a Gift Aid donation. In accordance with Financial Reporting Standard 102'The Financial Reporting Standard applicable in the UK and Republic of Ireland" this will be treated as a distribution of profits and so will be accounted for when paid, not accrued. OTHER TRADING ACTIVITIES - GROUP 31.3.25 31.3.24 Trading subsidiary sales Other income Room hire Grants for trading activty 543,383 16 8,942 502,951 3,393 9,392 12,794 552,341 528,530 Page 20

The Colebridge Trust Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2025 INCOME FROM CHARITABLE ACTIVITIES - GROUP 31.3.25 31.3.24 Activity Charitable activities Grants 629,017 547,009 Grants received, included in the above. are as follows.. 31.3.25 31.3.24 Solihull College Community Fund Big Local Community Fund Steps to the Real Me West Midland Combined Authority WMCA- Barrow Cadbury Trust Cadent SMBC Family Hub SMBC Solihull Active Minds SMBC Local Supported Employment Initiative SMBC UKSPF Communities and Places SMBC Household Support Fund SMBC Food Bank Ne￿Ork SMBC Cars Area Together Holiday Activities Fund The Active Wellbeing Society John Lewis WMCA Multiply project WMCA Digital Divide SMBC Fairer Futures Fund The Co Operative Society Young Opportunities Solihull Sport England Exercise Classes NHS Workwell Solihull Metropolitan Council Heart of England Think Active BVSC Awards for All National Grid Solihull 41 Club Veolia 72,000 80,021 86,328 600 17,617 27,819 91,152 16,000 35,918 11,785 5,005 5,833 7,950 4,150 1,000 30,179 72,000 39,560 107,903 600 7,250 2,266 51,508 11,592 8,446 24,224 4,550 10,000 7,950 64,203 106,122 1,000 300 10,800 17,384 111,566 1,400 1,245 5,500 9,950 296 4,000 1,000 629,017 547,009 Page 21

The Colebridge Trust Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2025 RAISING FUNDS - GROUP Other trading activities 31.3.25 31.3.24 Trading cost of goods sold and overheads Depreciation 30,037 28,666 2.311 32,348 30,977 CHARITABLE ACTIVITIES COSTS - GROUP Direct Costs Charitable activities 1.082,666 NET INCOMEI(EXPENDITURE) . GROUP Net incomel(expenditure) is ststed after chargingl{crediting)= 31.3.25 31.3.24 Depreciation- owned assets Auditors, remuneration Auditors, remuneration- subsidiary 2,311 3,000 1,750 2.312 3,000 1,925 TRUSTEES. REMUNERATION AND BENEFITS - GROUP AND CHARITY There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses There were no trustees. expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. STAFF COSTS - GROUP AND CHARITY 31.3.25 31.3.24 Wages and salaries Social security costs other pension costs 810,838 49,955 16,898 686,888 41,497 15,905 877.691 744,290 The average monthly number of employees during the year was as follows.. 31.3.25 15 32 31.3.24 14 29 Full time Part time 47 43 No employees received emoluments in excess of £60,000. Page 22

The Colebridge Trust Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2025 STAFF COSTS - GROUP AND CHARITY- continued The total amount of employee benefits received by key management personnel is £162,308 {2024 £132,973. The Trust considers its key management personnel compromise the board of directors, who are the Trust's trustees, and the senior management team. From January 2020 the chief executive officer is not on the payroll of the charty- 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - GROUP Unrestricted Restricted funds funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 2.534 2,534 Charitable activities Charitable activities 383,108 163,901 547,009 Other trading activities 528.530 528.530 Total 914,172 163,901 1,078,073 EXPENDITURE ON Raising funds 30.977 30.977 Charitable activities Charitable activities 774,529 191,151 965,680 Total 805,506 191,151 996,657 NET INCOMEI(EXPENDITURE) 108,666 (27,250) 81,416 RECONCILIATION OF FUNDS Total funds brought forward 507,415 96,465 603,880 TOTAL FUNDS CARRIED FORWARD 616,081 69,215 685,296 Page 23

The Colebridge Trust Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2025 11. TANGIBLE FIXED ASSETS- GROUP Improvements to property Fixtures and fittings Plant and machinery Computer equipment Totals COST At 1 April 2024 and 31 March 2025 77,766 9.245 14,889 2.000 103,900 DEPRECIATION At 1 April 2024 Charge for year 77.766 4.623 2,311 14,889 2.000 99,278 2,311 At 31 March 2025 77,766 6.934 14,889 2.000 101,589 NET BOOK VALUE At 31 March 2025 At 31 March 2024 4,622 4,622 11. TANGIBLE FIXED ASSETS- CHARITY Improvements to propety Fixtures and fittings Computer equipment Totals COST At 1 April 2024 and 31 March 2025 77.766 14.889 2,000 94.655 DEPRECIATION At 1 April 2024 and 31 March 2025 77.766 14.889 2,000 94.655 NET BOOK VALUE At 31 March 2025 At 31 March 2024 12. FIXED ASSET INVESTMENTS- CHARITY The charity holds the 1 issued £1 Ordinary share in Colebridge Enterprises Limited. This is included in the balance sheet of the charity at nil value. 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Group Charity 31.3.25 31.3.24 31.3.25 31.3.24 Trade debtors Other debtors Amounts owed by subsidiary undertaking Social security and other taxes Prepayments and accrued income 119.835 142.916 228 40,152 86.356 537,554 484,015 55,544 45,382 52,240 53.201 43.860 51.691 220,761 248,585 621,566 622,062 Page 24

The Colebridge Trust Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2025 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Group Charity 31.3.25 31.3.24 31.3.25 31.3.24 Trade creditors Social security and other taxes Other creditors Accruals and deferred income 26,570 87.698 3,691 291.261 8,580 85.550 3,274 276.650 25,519 87,698 3,691 262.241 8,454 85,550 3,274 247,630 409,220 374,504 379,149 345,358 Income is deferred where it is subject to the performan￿ of certain terms or conditions. Where these have not been met at the balance sheet date. the income is not recognised in the statement of financial activities. 31.3.25 31.3.24 Deferred income brought forward Income now released to SOFA Income received in the year and deferred Deferred income carried forward 210,559 (210,559) 235.336 235,336 21,242 (21,242) 210.559 210,559 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS - GROUP 31.3.25 Totsl funds 31.3.24 Total funds Unrestricted funds Restricted funds Fixed assets Current assets Current liabilities 2,311 1.094,371 409,220} 2,311 1,158,844 409,220 4,622 1,055,178 374,504) 64,473 687.462 64.473 751.935 685,296 Page 25

The Colebridge Trust Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2025 16. MOVEMENT IN FUNDS- GROUP Net movement in funds At 31.3.25 At 1.4.24 Unrestricted funds General fund 616,081 71.381 687,462 Restricted funds Big Local 6 Big Lottery STTRM Big Local Wnter trails walks Big Local SMBC essential grant Big Local HAF funding Big Local Heart of England Making Good Grow Big Local Heart of England Wam Hubs Big Local Solihull Active Minds Big Local Think Active Live Longer Better 27,994 34,306 485 3,220 19601 110,045) 7,511 17,949 41,817 485 3,266 (286 674 1,991 818 116 11,991 (818) 116 69,215 4,742 64,473 TOTAL FUNDS 685.296 66,639 751,935 Net movement in funds. included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 1.002,184 {930,803) 71,381 Restricted funds Big Local 6 Big Lottery STTRM Big Local SMBC essential grant Big Local HAF funding Big Local Heart of England Making Good Grow Big Local Heart of England Wami Hubs Big Local Think Active Live Longer Better 80,186 86,328 5,005 7,950 190,231 178,817 14,959 17,276 110,045 7,511 46 674 11,991 (818) 11,991 (818) 119) 179.469 TOTAL FUNDS 1.181,653 1,115,014) 66,639 Page 26

The Colebridge Trust Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2025 16. MOVEMENT IN FUNDS- GROUP - continued Comparatives for movement in fvnds Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 507,415 108,666 616,081 Restricted funds Big Local 6 Big Lottery STTRM Big Local General Purpose Big Local Winter trails walks Big Local SMBC essential grant Big Local HAF funding Big Local JLR Fund Big Local Heart of England Making Good Grow Big Local Think Active holiday school provision Big Local Heart of England Wami Hubs Big Local Solihull Active Minds Big Local Think Active Live Longer Better 79,926 (51,932) 34,306 (7,173) 27,994 34,306 7,173 485 4,865 416 600 485 3,220 (9601 (1,645) 11.376} (600) 2,000 (9) 1,991 1,000 (1,000> 818 116 818 116 1,245 1,245 96,465 27,250 69,215 TOTAL FUNDS 603,880 81,416 685,296 Comparative net movement in funds, included in the above are as follows- Incoming resources Resources expended Movement in funds Unrestricted funds General fund 914,172 (805,506) 108,666 Restricted funds Big Local 6 Big Lottery STTRM Big Local General Purpose Big Local SMBC essential grant Big Local HAF funding Big Local JLR Fund Big Local Heart of England Making Good Grow Big Local Think Active holiday school provision Big Local Heart of England Wami Hubs Big Local Solihull Active Minds Big Local Think Active Live Longer Better 39,707 107,903 150 4,550 7,950 (91,639) {73,597) 17.323} (6,195) 19.326} (600) 151,932) 34,306 17,1731 (1,645) 11.3761 (600) (9) (9) (1,000) (582) (880) (1,000) 818 116 1,400 996 1,245 1,245 163,901 191,151 27,250 TOTAL FUNDS 1,078,073 996,6571 81,416 Page 27

The Colebridge Trust Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2025 17. RELATED PARTY DISCLOSURES - CHARITY Colebridge Enterprises Ltd Subsidiary company Colebridge Enterprises Ltd is charged during theyearfordirectcosts and management charges totalling £447,96212024 £403,346) in respect of stsff costs and overheads. All profits in the company are gift aided to the charity- The donation received in the year was £85,514. 31.3.25 31.3.24 Amount due from related paty at the balance sheet date 537,554 484,015 Page 28

The Colebridge Trust Ltd Detailed Statement of Financial Activities (Charity) for the Year Ended 31 March 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Donations and legacies Donations 85,809 51,684 Other trading activities Contractual payments Room hire 447,978 8,942 404,958 9,392 456,920 414,350 Charitable activities Grants 629,017 547,009 Totsl incoming resources 1,171.746 1,013,043 EXPENDITURE Charitable activities Wages Social security Pensions Rent, rates, premises charges and water Insurances Heat, light and power Office expenses Motor and travel expenses Professional fees Purchases General expenses Grant expenditure Training costs Maintenance Marketing, PR and nelworking 810,838 49,955 16,898 10,372 9,825 7,294 18,618 421 106,068 20,642 24,503 2,518 2,913 329 1.472 686,888 41,497 15,905 11,309 8,923 11,354 15,317 502 103,294 36,563 16,534 14,988 474 33 2,099 1,082,666 965,680 Total resources expended 1,082,666 965,680 Net income 89,080 47,363 This page does not fomi part of the statutory financial ststements Page 29