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 

- A. The promotion for the benefit of the public of urban regeneration in areas of social and economic deprivation in Solihull by all or any of the following means: 

   - IV __ the provision of recreational facilities for the public at large or those who by reason of their youth, 

- B. To promote the voluntary sector for the public benefit in Solihull by building the capacity of voluntary sector organisations and providing them with the necessary support, information and services to enable them to pursue or contribute to any charitable purpose. 

- C. Such other purposes as are exclusively charitable in accordance with the laws of England and Wales as the trustees may from time to time determine, 



- delivery of employment and skills activities to marginalised groups, including those with disabilities, health conditions and poor prior attainment. 

- running of Junction Community Centre to facilitate a breadth of social activities and interventions for local people within a safe space. 

- support of the foodbank / social supermarket and the development of the food pantry model with our partnership with Around Again. 

- delivering employment, inclusion and supported work opportunities at our social enterprise in North Solihull. 

- delivering youth mentoring activities for residents of Solihull and Birmingham. 

- running and development of the family hub in Kingshurst. 

- tackling poverty through food projects, family budgeting, donations of essential items and other projects. 

- building community capacity and creating volunteering opportunities. 

- improving community health and wellbeing. 

- supporting the local VCFSE sector as a community anchor and through the social economy cluster work. 

; =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 

- further develop the local VCFSE with through strategic partnerships. 

- build upon the momentum to develop community-led housing and new community centre at the existing Junction site or other suitable locations. 

- further develop the community offer and capacity at Family Hub and Junction. 

- develop new health & wellbeing services for the benefit of the local community, raising awareness and improving health literacy reducing risk factors that lead to early deaths. 

- further develop our employment and skills offer to focus on young people; people disadvantaged through health / disability; and support those with poor prior attainment. 

- to continue developing our employment readiness programme for learning disabled and other long-term disadvantaged job seekers at the Colebridge Enterprises manufacturing assembly and packaging unit. This includes the further development of our care support services and social inclusion activities; 

- to further develop support for disadvantaged people in the North Solihull area by developing the social economy, increasing partnership opportunities and supporting community capacity building. 

- to continue to support the resident led Big Local Cars Area Together committee to secure the long-term legacy opportunities from the Big Local programme for the area within the latest stage of developing their project. 

- to implement agreed changes to trust objectives and offer, including the development of enterprising services. 

- to continue to show leadership in respect of North Solihull and engage with residents, partners and statutory service provider.  Ensuring that there is a voice for the community and plans reflect local need. 

- continue to grow our work in surrounding and neighbouring localities so that the wider community can benefit from our experience. 

- to continue developing young people who are at risk of being neglected or marginalised. 



## for the Year Ended 31 March 2025 

- In addition to face-to-face meetings, board meetings continue to be managed using video-calling with minutes and other important documents being delivered via email. 

- The trust will continue to seek new customers and generate income to meet the adult social care need via the activities at the assembly and packing social enterprise. 

- Employment project funding continues to be reviewed and changes to funding pose an on-going risk to the trust. Business development will be a priority within this area.  And we continue to ensure that performance standards are met. 

- The lease for the land occupied by the premises at Junction expired at 31 March 2018 and the local authority has confirmed that we have protected rights. The local MP, council leader, West Midlands Police & Crime Commissioner and other senior officers have visited the site and we have received positive feedback about the activities of the community centre and reflections of the importance of such a community asset during the last few years.  We are in continued discussions with Solihull Metropolitan Borough to bring forward an ambition on behalf of the local community to develop a new centre and housing. It should be noted that our ability to support local people as an anchor organisation has been largely facilitated through Junctin, the community centre in Fordbridge (bordering Chelmsley Wood). 

- Management of the trust has been with Chet Parmar for the last 6 years and we continue to build a capable management team to support the CEO and trustees / directors. 

- The trust are actively looking for areas to invest in that will bring about long-term positive impacts and change.  This may include the need to consider social finance and additional resources to support bid writing and grant applications. 

- The trust continues to be a member of Locality and regularly seeks the advice and guidance of specialist organisations.  As an example the use of Roots HR C.I.C a specialist human resources advice provider. 

- The trust will continue to revise and implement new HR policies and procedures in 2025 / 2026 

- The trust will review the use of technology and invest in new systems, should these be identified and deemed as suitable. 



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