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← Romero Communities

2025-03-31-accounts

Company Number. 08002099 (England and Wales) Registered Charity Number. 1156917

ROMERO COMMUNITIES REPORT AND ACCOUNTS YEAR ENDED 31 MARCH 2025

ROMERO COMMUNITIES

TRUSTEES’ REPORT AND ACCOUNTS

YEAR ENDED 31 MARCH 2025

CONTENTS

Page
Legal and Administrative Information 3
Trustees’ Report 4 - 9
Independent Examiner’s Report 10
Statement of Financial Activities 11
Balance Sheet 12
Notes to the Financial Statements 13 - 16

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ROMERO COMMUNITIES

LEGAL AND ADMINISTRATIVE INFORMATION

YEAR ENDED 31 MARCH 2025

_

Full name: Romero Communities
Registered Company number: 08002099
Registered Charity Number: 1156917
Registered office & principal
address: 23 Queens Road
Barnsley
South Yorkshire
S71 1AN
Trustees & Directors: L J Crofts
L S Hanrahan
A Jones
K G Moore
L Ocallaghan
L Shepherd
Chairperson: L S Hanrahan
Company Secretary: M Phillips
Treasurer: K Moore
Independent Examiner: Angela Hayes, FMAAT
Community Accountant
22 Brocklehurst Avenue
Barnsley
S70 3EE
Bankers: HSBC
5 Market Hill
Barnsley
S70 2PY

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ROMERO COMMUNITIES

TRUSTEES’ REPORT

YEAR ENDED 31 MARCH 2025

The trustees present their report and financial statements for the period 01 April 2024 to 31 March 2025.

Structure, governance and management

Romero Communities is a registered charity with the Charity Commission and a company limited by guarantee, governed by its Memorandum and Articles of Association, dated March 2012, most recently amended February 2014. The company has no share capital and the liability of each member in the event of winding-up is limited to a sum not exceeding £1. The affairs of the charity are managed on a day-to-day basis by the trustees who have control of the charity and its property and funds.

Appointment of trustees

The trustees are also directors of the company for the purpose of company law. The trustees are elected at the Annual General Meeting. Every trustee must sign a declaration of willingness to act as a charity trustee before being eligible to vote at the meetings.

The trustees who served during the year are listed on page 3 of this report.

Charitable aims and objectives

The objectives of the charity are:

To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society.

For the purpose of this clause ‘socially excluded’ means being excluded from society, or parts of society, as a result of one or more of the following factors: unemployment; financial hardship; youth or old age; ill health (physical or mental); substance abuse or dependency including alcohol and drugs; discrimination on the grounds of sex, race, disability, ethnic origin, religion, belief, creed, sexual orientation or gender re-assignment; poor educational or skills attainment; relationship and family breakdown; poor housing (that is housing that does not meet basic habitable standards); crime (either as a victim of crime or as an offender rehabilitating into society).

Risk Management

The trustees have ultimate responsibility for identifying and managing risk. The main risk to the organisation is the loss of funding to continue the essential services. The financial position and level of reserves is reviewed at each trustee meeting and funding applications are ongoing. For other areas, the charity has risk management policies and procedures in place which are reviewed regularly by the trustees .

Public Benefit Statement

In shaping the objectives for the year the trustees have paid due regard to the public benefit guidance published by the Charity Commission.

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ROMERO COMMUNITIES

TRUSTEES’ REPORT continued

YEAR ENDED 31 MARCH 2025

Report of the Trustees on activities undertaken and achievements during the period.

Our Romero Communities Board of Trustees and team of sessional workers would like to share what’s been happening in the year April 2024 to March 2025.

WHO IS INVOLVED IN DELIVERING OUR WORK

We are led by our Board of Trustees. As a Charity we are fortunate to have trustees who are committed to our work and our meetings are well attended.

Romero Support and Guidance Board of Trustees

Our Chairperson, Linda, brings her experience of working for Citizens Advice Barnsley. She Chairs our meetings by ensuring all Board members are informed and actively involved in decision making.

Keith, our Finance trustee, his knowledge and experience is invaluable when managing our many strands of funding. He keeps copious records of our income and spend. To ensure the other Board members can make informed decisions, he provides regular updates, supported by spreadsheets which are considered at every meeting.

Maria, her dedicated work as Secretary and providing invaluable administrative support.

Lorraine, Lynn, Alan and Louise give their unwavering support for the Charity. They will not only act in their role in support of the work but will act as critical friends, asking questions and shaping decisions.

Our Board of Trustees are ‘hands on’ and are involved in our day-to-day work with residents. Having their own experiences contributes to their understanding of the needs of our customers. This in turn supports decision making at Board level.

A very big thank you to all Board members who give a great deal of voluntary time to ensure the Charity operates within Charity Commission and Companies House regulations.

Our Support and Guidance Team

Thanks to our sessional support workers, Paula R, Pete J, Wayne B and Emily P, who deliver our Support and Guidance service. They are a great ‘team’ and deliver our sessions with great humility, kindness and efficiency, supported by their extensive knowledge and skills. They have embraced new opportunities to meet the needs of residents. We have added value to the service by introducing focussed support. This has meant that we have applied for and received some additional funding over and above our Lottery funded work. The team have developed partnerships with many other services. A collaborative approach is adopted when needed to ensure complex problems can be addressed holistically.

Thanks to L who provides counselling sessions, as a volunteer, for our clients. It is important that when people are going through difficult times they can access this type of person-centred counselling support, without the need to join a long waiting list.

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ROMERO COMMUNITIES

TRUSTEES’ REPORT continued

YEAR ENDED 31 MARCH 2025

ADDED VALUE

Home Visits

We continue to offer our face-to-face Drop-in Support and Guidance service. We have long been concerned that many of our existing and potential customers have barriers to accessing our service if they do not have access to telephones and e-mail. In addition, loneliness, isolation, physical conditions and poor mental health have restricted or prevented some residents accessing our help. In addition to the Home Visits, we aim to support and encourage these customers to access other help, services and activities, including Romero services and activities. The long-term aim is that these residents experience an improved way of life, a general improvement in their overall wellbeing and improved connections with family, friends and more involvement in their immediate locality. We are seeking continued funding to meet the growing needs for this service.

Over the year 07/07/24 to 07/07/25 we carried out 24 Home Visits which supported individuals for an average of 2.5 hours of face to face, personalised help with 44 different problems. Of this group there were 15 females and 9 males living across 10 areas of Barnsley. This period has proved difficult as we have experienced funding shortages and have had to reduce the hours we spend on the visits. As a further example we have recorded data over a longer period, April 2022 to July 2025 which averaged out at 43.6 visits per year. During this period we had secured funding to develop this service.

Customer feedback from people who have received Home Visits

G “ I contacted Romero via my housing officer as I needed to update DLA of the changes to my son’s health; I’ve also got health problems. Peter came to see me at my home, and as we talked, we managed to narrow down a plan to move forward. My circumstances are as such that I cannot disclose my story and the task wasn’t easy. I didn’t have a car at the time and couldn’t really leave the house for safety reasons; the home visit therefore was essential to do this work. After 2 x visits, we managed to complete the DLA update for my son and managed to complete a successful appeal for my personal independence payments which I had previously been turned down for. The benefit of having Peter come to my home was great as without this, I would be stuffed ”.

L: “ When I got in touch with Romero Communities I was in a state. I hadn’t had any heating for a long time, and my house was cold and damp. I stopped work in 2020 and had fallen into mortgage arrears. I met with Paula, and she put a plan together. Initially she got me some money to buy a washer as the one I had was broken. I benefitted from a lot of home visits as there was a lot of repairs to be done. With the help from Romero, Paula and Pete, I managed to sell my house and move into St Edwins where I am today. I don’t have the stress that I had at the time when I was in debt and living in a home that wasn’t nice. It took a lot of sorting to get turned around, but because I stuck to a plan, things are certainly better today ”.

Outreach sessions

We were approached by a local councillor, BMBC, to deliver a weekly 2-hour session for people living in another area of Barnsley. This has been funded as a pilot to continue into the new financial year. This is being well received but unfortunately can only be supported by on-going funding.

Acts 435

We continue to refer to this charity. In addition to referrals there is substantial work required to manage the grants. We work with customers to identify need, source items and pay for them, connect with partner organisations, ensure the items requested are received and follow up to offer on-going support. We also are required to provide documentation to the charity following all successful applications. We do not receive any monies for this service.

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ROMERO COMMUNITIES

TRUSTEES’ REPORT continued

YEAR ENDED 31 MARCH 2025

Household Support Fund

As a trusted partner of Barnsley Metropolitan Borough Council, we manage 2 grants. This fund does not include any core funding so the team administer this as part of their working day.

To ensure that we could get the grant out to the people who met the criteria of the fund we ‘designed’ a model to address the needs of families with babies and young children and to support people moving into a tenancy, providing essential items such as cots, toddler beds and essential household items. We presented our model to the 0-19 team of Health Visitors and take referrals from them. The outcome is improved joint working practice and increased awareness for families about our work. We have plans to extend the offer to other teams who work with the target groups. This will require core funding going forwards into 2025/2026.The target group is aimed at families who are working on low income.

Migration from Employment and Support Allowance onto Universal Credit

The migration from ESA to UC has been rolled out with very little support put in place to help people move across from one benefit to the other. We have bridged the gap for claimants and supported other services and organisations to do the same.

The need for the claimant to own a smart phone, have the literacy skills needed to complete journals, read and reply to messages and make any changes to their circumstances can be a very stressful experience for people. Before an account can be set up every person needs an e-mail address, access to Wi-Fi or data allowance. They are required to provide personal identification such as birth certificates, a passport, a driving licence and bank account. As an organisation we are supporting individuals to provide these essential documents. This is a long and complicated process which creates high levels of anxiety and stress.

We hold a small amount of money which has been donated to our Charity for the sole purpose of providing some financial support to pay for emergency help. As an example we utilised this to pay for a smart phone for a severely disabled adult, gave him ‘lessons’ in how to use it and how to manage his UC account. He also needed our support for him to contact rents to ensure his rent would continue to be paid. When he came to us he had already accrued rent arrears because he had been unable to complete the task of migration.

Food Banks

We continue to work alongside Barnsley Food Bank. Our referrals are made as part of visits to our Drop In, or referrals from partner organisations. We are in a privileged position to work with people to address the causes of the need. This can lead to us providing additional help with the aim of eradicating the need in the future. This can relate to, money management, issue with the payments of benefit or pay from employment. We can also respond directly to anyone who visits after the weekly Food Bank delivery day as trusted partners. There can be bags of food which do not get collected, we then work with the Food Bank to redistribute to those who would otherwise be without food.

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ROMERO COMMUNITIES

TRUSTEES’ REPORT continued YEAR ENDED 31 MARCH 2025

ADAPTING TO CHANGE

Our delivery, as always, focuses on finding alternative ways of working to best meet the needs of our customers. This help is enhanced by our Home Visiting service. Positive links with the library has led to new sharing and/or opportunities for our customers or referrals into our service. We have adjusted our roles within the team of sessional workers. Two workers are focussing on funding applications and alternative ways of raising funds.

FOR OUR FUTURE

Our future moving forward is dependent on grant funding, we have made several applications to funders for funding after February 2025. We will require funding to maintain our current service and to also develop and improve. We need to extend our hours, but this will depend on future funding. The Drop In will continue to be the ‘chosen method of contact’ by those people who face barriers to accessing support using technology and who choose to seek help to address their issues by visiting our face-to-face Drop In.

OUR CHALLENGES

The work of Romero Communities is a ‘team’ effort. We still have ambitions for the future to secure long-term funding. We continue to explore ways of raising income, so we do not rely fully on external funds. We realise this will be difficult and will be a long-term goal. Romero Communities is built on partnerships with other voluntary and statutory organisations and this will continue into our future. By working in this way, we hope to continue to bring the best and most appropriate services together to help our customers resolve their problems.

Following the end of our Lottery grant, we face huge challenges to secure core funding for Romero Communities Support and Guidance.

OUR VISION AND LONG-TERM AIMS

We hold a long-term aim to develop social opportunities to encourage peer support, reduce loneliness and isolation and support people into learning and job opportunities.

The empowerment of individuals is at the forefront of our work, sharing knowledge, encouraging self-help, confidence, self-esteem and skills which will put people back in control of their own lives. We will continue to resist having to restrict the time we spend with people to help them reach a solution rather than spending less time and resorting to a ‘sticking plaster’ approach. We are keen to increase the times of opening in the future.

We need to secure funding which will support designated time for networking and liaising/coworking with partner organisations when supporting clients with complex problems. Follow up work takes up approximately 50% of our time.

Our biggest challenge as a small Charity is the financial sustainability of this type of work. This is at the forefront of our planning for 2025/2026 and beyond.

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ROMERO COMMUNITIES

TRUSTEES’ REPORT continued YEAR ENDED 31 MARCH 2025

Related parties

The trustees consider that there are no related parties to the charity.

The charity’s policy on reserves

As a small charity, reliant on public and charitable funding and susceptible to factors beyond the control of the organisation, the trustees recognise the need to keep reserves at a level that will give the organisation stability to enable it to continue to operate in the future and meet all statutory and service delivery obligations. The trustees aim to accumulate reserves equivalent to 3 months’ annual expenditure on core charitable activities, which equates to a sum of £21,697 in the current financial year. At the year-end, the unrestricted reserve stands at £13,188 (2024: £17,037). The trustees are aware of the need to generate further unrestricted funds to bring reserves to the desired level and this is being addressed in the implementation of the business plans.

Statement of trustees’ responsibilities

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 charity at the end of the year and of the surplus or deficiency for the year then ended. In preparing those financial statements, the trustees are required to: select suitable accounting policies and then apply them on a consistent basis, making judgements and estimates that are prudent and reasonable. The trustees must also prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the charity, and enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.

Financial Position

The financial statements are set out in pages 11 to 16. The Statement of Financial Activities shows a deficit for the year of £24,234 (2024: a surplus of £19,884). The total funds at the year-end stand at £38,145 (2024: £62,379). Total funds include balances remaining on restricted grants of £24,957 and the general reserve of £13,188.

Small company provisions:

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

Exemptions

The trustees have taken advantage of the exemptions available to small companies, including the audit exemption.

The trustees declare that they have approved the trustees’ report above. Signed on behalf of the trustees:

Signed: Date: 15 September 2025

K Moore, Trustee/ Director

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ROMERO COMMUNITIES

INDEPENDENT EXAMINER’S REPORT YEAR ENDED 31 MARCH 2025

I report on the accounts of the charity, which are set out on pages 11 to 16.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

I have no concerns and I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Date: 15 September 2025

Angela Hayes, FMAAT Community Accountant 22 Brocklehurst Avenue, Barnsley, S70 3EE

Angela Hayes is licensed and regulated by AAT under licence number 1006755

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ROMERO COMMUNITIES

STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income & Expenditure Account)

YEAR ENDED 31 MARCH 2025

Note
Income
Gifts & donations
Grants received
2
Other income
Total income
Expenditure
Sessional workers
Rent & office costs
Insurance
Printing, stationery & admin expenses
Telephone, computer & internet costs
Volunteer expenses
Accountancy
Website
Gardening project expenditure
Household support grants
Other expenditure
Total expenditure
Net income/(expenditure)
Transfers between funds
Total funds brought forward
Total funds carried forward
9/10		 __
2025
2024
Unrestricted
Restricted
Total
Unrestricted Restricted
Total
Funds
Funds
Funds
Funds
Funds
Funds
£
£
£
£
£
£
165
-
165
12,669
-
12,669
-
69,117
69,117
-
90,699
90,699
150
-
150
-
-
-
315
69,117
69,432
12,669
90,699
103,368
4,164
66,679
70,843
2,872
60,327
63,199
-
7,368
7,368
-
7,368
7,368
-
626
626
-
605
605
-
722
722
-
1,965
1,965
-
4,230
4,230
-
5,686
5,686
-
775
775
-
1,050
1,050
-
750
750
-
750
750
-
1,418
1,418
-
998
998
-
-
-
-
458
458
-
6,876
6,876
-
1,363
1,363
-
58
58
-
42
42
4,164
89,502
93,666
2,872
80,612
83,484
(3,849)
(20,385)
(24,234)
9,797
10,087
19,884
-
-
-
(7,500)
7,500
-
17,037
45,342
62,379
14,740
27,755
42,495
13,188
24,957
38,145
17,037
45,342
62,379		 __
2025
2024
Unrestricted
Restricted
Total
Unrestricted Restricted
Total
Funds
Funds
Funds
Funds
Funds
Funds
£
£
£
£
£
£
165
-
165
12,669
-
12,669
-
69,117
69,117
-
90,699
90,699
150
-
150
-
-
-
315
69,117
69,432
12,669
90,699
103,368
4,164
66,679
70,843
2,872
60,327
63,199
-
7,368
7,368
-
7,368
7,368
-
626
626
-
605
605
-
722
722
-
1,965
1,965
-
4,230
4,230
-
5,686
5,686
-
775
775
-
1,050
1,050
-
750
750
-
750
750
-
1,418
1,418
-
998
998
-
-
-
-
458
458
-
6,876
6,876
-
1,363
1,363
-
58
58
-
42
42
4,164
89,502
93,666
2,872
80,612
83,484
(3,849)
(20,385)
(24,234)
9,797
10,087
19,884
-
-
-
(7,500)
7,500
-
17,037
45,342
62,379
14,740
27,755
42,495
13,188
24,957
38,145
17,037
45,342
62,379
12,669
90,699
103,368
2,872
60,327
63,199
-
7,368
7,368
-
605
605
-
1,965
1,965
-
5,686
5,686
-
1,050
1,050
-
750
750
-
998
998
-
458
458
-
1,363
1,363
-
42
42
2,872
80,612
83,484
9,797
10,087
19,884
(7,500)
7,500
-
14,740
27,755
42,495
17,037
45,342
62,379

The Statement of Financial Activities includes all gains and losses recognised in the year.

All the activities of the charitable company are classed as continuing.

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ROMERO COMMUNITIES

BALANCE SHEET

AS AT 31 MARCH 2025

2025 2024
Note £ £ £ £
Fixed assets
Tangible assets - -
Total fixed assets - -
Current assets
Debtors & prepayments 3 296 278
Cash at bank and in hand 63,159 82,649
Total current assets 63,455 82,927
Liabilities
Creditors & accruals
amounts falling due within one year 4 (25,310) (20,548)
Net current assets 38,145 62,379
Net assets 38,145 62,379
Funds of the charity 9
Unrestricted funds 13,188 17,037
Restricted funds 24,957 45,342
Total funds 38,145 62,379

Exemption from audit

For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The trustees declare that they have approved the accounts above. Signed on behalf of the charity’s trustees:

Signed:

Dated: 15 September 2025

K Moore, Trustee/Director

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ROMERO COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. Accounting policies

Basis of the preparation of the accounts

The financial statements have been prepared in accordance with Accounting and Reporting by Charities - Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) – (Charities SORP (FRS102)) and the Companies Act 2006.

The financial statements are prepared in pounds sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound.

The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value, unless otherwise stated in the relevant accounting policy note(s).

Income and expenditure has been analysed in the accounts using natural classification, in accordance with the provisions of Section 4.6, SORP 2019 (smaller charities). The charity also meets the requirements for exemption for preparing a statement of cash flows.

Going concern note

The trustees regularly review the financial position of the charity and its reserves. The grant from the National Lottery Community Fund ended in January 2025 and the charity is currently working to secure funding for the future of its services, with a number of funding applications in progress.

The charity is currently able to meet all liabilities as they fall due and the trustees have reasonable expectation that the charity will have adequate resources to continue in operation for the twelve-month period following the signing of these accounts. It is therefore deemed appropriate to adopt the going concern basis in preparing the financial statements.

Incoming resources

All material incoming resources have been included in the Statement of Financial Activities when the charity is entitled to the income, when any performance conditions attached are met, when it is probable that the income will be received and when the amount can be measured reliably.

Resources expended

Resources expended have been analysed using natural classification.

All expenditure is included on an accruals basis and is recognised as a liability is incurred. The charity is not registered for VAT and accordingly resources expended are shown gross of irrecoverable VAT.

Donated goods and services

Donated facilities and services are recognised in the accounts at the amount the charity would pay in the open market for a service equivalent to that being donated, when the charity would otherwise have purchased them and the value can be measured reliably.

Donated goods for the charity’s own use are recognised as income, at their fair value.

The contribution of general volunteers is not recognised as income in the charity accounts

Taxation

Romero Communities is a registered charity and is exempt from UK corporation tax on income from its charitable activities.

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ROMERO COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS continued

YEAR ENDED 31 MARCH 2025

Depreciation

Depreciation is calculated to write down the cost or valuation less estimated residual value of all tangible fixed assets, with an individual cost exceeding £1,000, over their expected useful lives.

There were no individual assets with a value exceeding £1,000 in the current year.

Funds Structure

The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity.

Restricted funds have been provided to the charity for particular purposes and may only be spent for the purposes for which they were given. Any balance remaining outstanding on a restricted fund at the end of the year is carried forward as a balance on the fund, unless permission has been given by the funder to remove the restriction on the balance outstanding.

2. Restricted grants received

The National Lottery Community Fund
BMBC Pride of Place
The Tudor Trust
BMBC - Household Support Grant
BMBC AP
BMBC - Gardening Project
tors
ditors
Accountancy fee
Room rent
Other creditors
Insurance prepaid		 2025
£
38,387
19,578
-
10,000
1,152
-
69,117
2025
£
750
24,560
-
25,310
2025
£
296
296		 2024
£
60,287
-
20,000
8,976
-
1,436
90,699
2024
£
750
17,192
2,606
20,548
2024
£
278
278

3. Debtors

4. Creditors

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ROMERO COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS continued

YEAR ENDED 31 MARCH 2025

5. Independent examination and accountancy services

During the period, the cost of the independent examination and accountancy service was £750 (2024: £750).

6. Trustees’ remuneration, benefits and expenses

A sum of £750 was paid to Keith Moore, for expenses in relation to grant monitoring and bookkeeping services. (2024: £1,150). Other than reimbursement of items purchased on behalf of the charity, there were no further payments, remuneration or benefits made to trustees in the accounting period.

7. Related party transactions

There were no related party transactions.

8. Funds held on behalf of third party groups

During the year, the charity received funds from the ACTS 435 charity, to pay over to named individuals. The income is held on behalf of ACTS 435 and is therefore not recognised in the accounts of Romero Communities. A balance of £150 was held in the bank account of Romero Communities on behalf of ACTS 435 at the year end.

9. Movement in funds

Unrestricted funds
General Fund
Restricted funds
The National Lottery Community Fund
BMBC Pride of Place
BMBC AP
The Tudor Trust
Household Support Grant
Gardening Project
TOTAL FUNDS		 Opening
balance
£
17,037
17,037
10,171
-
-
26,580
7,613
978
45,342
62,379		 Incoming
(Resources
resources
expended)
£
£
315
(4,164)
315
(4,164)
38,387
(48,558)
19,578
(19,578)
1,152
(1,152)
-
(13,338)
10,000
(6,876)
-
-
69,117
(89,502)
69,432
(93,666)		 Fund
Transfers
£
-
-
-
-
-
-
-
-
-
-		 Closing
balance
£
13,188
13,188
-
-
-
13,242
10,737
978
24,957
38,145

| P a g e 15

ROMERO COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS continued

YEAR ENDED 31 MARCH 2025

10. Restricted Funds

| P a g e 16