Company registration number: CE002123 Charity registration number: 1157505
LOVEBRUM TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
CJM Associates
Lovebrum Contents
| Page | |
|---|---|
| Trustees' Report | 1—3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities (including Income and Expenditure Account) | 5 |
| Comparative Statement of Financial Activities (including Income and Expenditure Account) | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8—12 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Statement of Financial Activities (including Income and Expenditure Account) | 13 |
Lovebrum Company No. CE002123 Trustees' Report For The Year Ended 31 March 2025
The trustees present their report and the financial statements for the year ended 31 March 2025.
Objectives and Activities
Aims and Objectives
LoveBrum is a charity that supports and shines a light on hidden gem projects across Birmingham and the surrounding areas. We provide financial grants and practical assistance to local charities, community groups, and individuals working to make a real difference in our city. We raise funds through the generosity of individuals and businesses, and via a calendar of fundraising and networking events. LoveBrum also aims to strengthen civic pride by promoting Birmingham’s grassroots heroes and inspiring greater community engagement across all sectors of society.
Achievements and Performance
Main Achievements
The charity has continued to progress despite the ongoing economic pressures facing many in our community, particularly within the small charity and voluntary sector. Thanks to the enduring goodwill of our corporate supporters, committed donors, and passionate volunteers, we have sustained our impact and reach.
Our Hidden Heroes Campaign remains a cornerstone of our work, promoting eight impactful local causes each year through our four pillars of focus: People in Crisis, Mental Health, Social Injustice, and Serious Youth Violence. Each selected cause receives not only funding, but meaningful exposure through our events, website, and social media platforms.
In the past year, we have further strengthened our internal processes and governance, with a focus on creating more robust and sustainable operations. We have continued to evolve our website and digital tools, improving accessibility and engagement for both causes and supporters. We also began implementing the next phase of our strategic plan, which places greater emphasis on collaboration and community-led impact.
LoveBrum operates with a lean structure, relying on the voluntary commitment of its Trustees and the invaluable support of corporate partners, many of whom provide services in exchange for patron packages. Our registered office continues to be hosted by Hollywood Monster at no cost, allowing us to direct more funding to front-line projects.
Plans for the Future
In the year ahead, our focus will be on:
-
Expanding our corporate patron network and diversifying income streams
-
Accessing grant funding and institutional support to further our reach
-
Launching new campaigns and engagement opportunities to better connect Birmingham’s business community with grassroots causes, through a variety of sources to include events, such as our flagstone event; Curry King of Birmingham
-
Continuing to amplify the stories of local unsung heroes and increase volunteer mobilisation through our digital channels.
We also plan to grow our events calendar, refine internal efficiencies, and ensure our systems are scalable for future growth, thereby maximising the value we deliver to the Birmingham community.
Financial Review
Financial Position
The unrestricted fund achieved a significant surplus with the unrestricted fund being slightly depleted. This was inline with expectations of the Charity due to a decision to increase activity in relation to the restricted fund. The restricted funds still show a healthy surplus and the increased activity will continue in FY 2026. Overall reserves increased to £106,791.
The aim of the Charity in 2026 is to continue streamline processes and maximise the impact this will have.
Reference and Administrative Details
Trustees
Mr Christopher Romans - Trustee Miss Hannah Floyd - Trustee Mr Michael Shepherd - Trustee
Page 1
Lovebrum Trustees' Report (continued) For The Year Ended 31 March 2025
Mr Tim Andrews - Trustee Mr Craig Moore - Trustee
Charity Number
1157505
Company Number
CE002123
Independent Examiner
Craig Moore CJM Associates 2nd Floor Lakeside Point Lakeside Business Park, Walkmill Lane Cannock Staffs WS11 0XE
Page 2
Lovebrum Trustees' Report (continued) For The Year Ended 31 March 2025
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Mr Michael Shepherd
Trustee 05/11/2025
Page 3
Lovebrum Independent Examiner's Report to the Trustees of Lovebrum For The Year Ended 31 March 2025
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and Basis of Report
As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Craig Moore 05/11/2025 2nd Floor Lakeside Point Lakeside Business Park, Walkmill Lane Cannock Staffs WS11 0XE
Page 4
Lovebrum Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | **Total funds ** | Total funds | ||
| funds | funds | ||||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM: | |||||
| Donations and legacies | 3 | 25,350 | 60,000 | 85,350 | 93,079 |
| Other trading activities | 4 | 65,025 | 1,500 | 66,525 | 16,039 |
| 90,375 | 61,500 | 151,875 | 109,118 | ||
| EXPENDITURE ON: | |||||
| Raising funds | 6 | (54,241) | (65,981) | (120,222) | (73,450) |
| Charitable activities: | 6 | ||||
| Other | (97) | - | (97) | (57) | |
| (54,338) | (65,981) | (120,319) | (73,507) | ||
| NET INCOME | 36,037 | (4,481) | 31,556 | 35,611 | |
| NET MOVEMENT IN FUNDS | 36,037 | (4,481) | 31,556 | 35,611 | |
| RECONCILIATION OF FUNDS: | |||||
| Total funds brought forward | (65,580) | 140,815 | 75,235 | 39,624 | |
| TOTAL FUNDS CARRIED FORWARD | 15 | (29,543) | 136,334 | 106,791 | 75,235 |
The notes on pages 8 to 12 form part of these financial statements.
Page 5
Lovebrum Comparative Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025
| 2024 | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total funds | ||
| funds | funds | |||
| Notes | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM: | ||||
| Donations and legacies | 3 | 47,425 | 45,654 | 93,079 |
| Other trading activities | 4 | 9,683 | 6,356 | 16,039 |
| 57,108 | 52,010 | 109,118 | ||
| EXPENDITURE ON: | ||||
| Raising funds | 6 | (48,010) | (25,440) | (73,450) |
| Charitable activities: | 6 | |||
| Other | (57) | - | (57) | |
| (48,067) | (25,440) | (73,507) | ||
| NET INCOME | 9,041 | 26,570 | 35,611 | |
| NET MOVEMENT IN FUNDS | 9,041 | 26,570 | 35,611 | |
| RECONCILIATION OF FUNDS: | ||||
| Total funds brought forward | (74,621) | 114,245 | 39,624 | |
| TOTAL FUNDS CARRIED FORWARD | 15 | (65,580) | 140,815 | 75,235 |
The notes on pages 8 to 12 form part of these financial statements.
Page 6
Lovebrum Balance Sheet As At 31 March 2025
| Notes FIXED ASSETS Tangible Assets 11 CURRENT ASSETS Debtors 12 Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 13 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS OF THE CHARITY Restricted Funds Unrestricted Funds TOTAL FUNDS 15 |
Unrestricted funds £ 138 |
Restricted funds £ - |
2025 Total funds £ 138 |
2024 Total funds £ 235 |
|---|---|---|---|---|
| 138 7,964 (27,989) |
- - 136,334 |
138 7,964 108,345 |
235 15,481 70,935 |
|
| (20,025) (9,656) |
136,334 - |
116,309 (9,656) |
86,416 (11,416) |
|
| (29,681) | 136,334 | 106,653 | 75,000 | |
| (29,543) | 136,334 | 106,791 | 75,235 | |
| (29,543) | 136,334 | 106,791 | 75,235 | |
| 136,334 (29,543) |
140,815 (65,580) |
|||
| 106,791 | 75,235 |
For the year ending 31 March 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr Michael Shepherd
Trustee 05/11/2025
The notes on pages 8 to 12 form part of these financial statements.
Page 7
Lovebrum Notes to the Financial Statements For The Year Ended 31 March 2025
1. General Information
Lovebrum is a company limited by guarantee, incorporated in England & Wales, registered number CE002123 and registered charity number 1157505. The registered office is .
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements 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 (FRS 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 charitable company is a Public Benefit Entity as defined by FRS 102.
2.2. Incoming Resources
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.
2.3. Resources Expended
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 under headings that aggregate 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 with the use of resources.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings
33% Straight line
2.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
3. Income from Donations and Legacies
| Donations and gifts Member subscriptions and sponsorships Donations and gifts Member subscriptions and sponsorships |
Unrestricted funds £ 20,200 5,150 |
Restricted funds £ 60,000 - |
2025 Total funds £ 80,200 5,150 |
|---|---|---|---|
| 25,350 | 60,000 | 85,350 | |
| Unrestricted funds £ 25,842 21,583 |
Restricted funds £ 30,778 14,876 |
2024 Total funds £ 56,620 36,459 |
|
| 47,425 | 45,654 | 93,079 |
Page 8
Lovebrum Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
4. Income from Other Trading Activities
| . Income from Other Trading Activities |
|||
|---|---|---|---|
| Income from other trading activities Fundraising events Income from other trading activities Fundraising events |
Unrestricted funds £ 22,262 42,763 |
Restricted funds £ - 1,500 |
2025 Total funds £ 22,262 44,263 |
| 65,025 | 1,500 | 66,525 | |
| Unrestricted funds £ 8,592 1,091 |
Restricted funds £ 6,356 - |
2024 Total funds £ 14,948 1,091 |
|
| 9,683 | 6,356 | 16,039 |
5. Net Income/(Expenditure)
The net income is stated after charging/(crediting):
| Depreciation of tangible fixed assets - owned . Analysis of Expenditure Raising funds Other Raising funds Other |
Activities undertaken directly £ 39,498 97 |
2025 £ 97 |
2024 £ 57 |
|---|---|---|---|
| Support costs (see note 7) £ 80,724 - |
2025 Total £ 120,222 97 |
||
| 39,595 | 80,724 | 120,319 | |
| Activities undertaken directly £ 10,340 57 |
Support costs (see note 7) £ 63,110 - |
2024 Total £ 73,450 57 |
|
| 10,397 | 63,110 | 73,507 |
6. Analysis of Expenditure
Page 9
Lovebrum Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
7. Support Costs
| Employee costs General administration Employee costs General administration 8. Independent Examiner's Remuneration Independent examination of the financial statements 9. Staff Costs Staff costs were as follows: Wages and salaries Other pension costs |
2025 £ 1,300 2025 £ 27,009 327 27,336 |
2025 Raising funds £ 28,115 52,609 |
|---|---|---|
| 80,724 | ||
| 2024 Raising funds £ 34,665 28,445 |
||
| 63,110 | ||
| 2024 £ 1,350 |
||
| 2024 £ 31,687 143 |
||
| 31,830 |
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
10. Average Number of Employees
Average number of employees during the year was: 2 (2024: 2)
11. Tangible Assets
| Cost As at 1 April 2024 As at 31 March 2025 Depreciation As at 1 April 2024 Provided during the period As at 31 March 2025 |
Fixtures & Fittings £ 2,245 |
Computer Equipment £ 1,689 |
Total £ 3,934 |
|---|---|---|---|
| 2,245 | 1,689 | 3,934 | |
| 2,010 97 |
1,689 - |
3,699 97 |
|
| 2,107 | 1,689 | 3,796 |
...CONTINUED
Page 10
Lovebrum Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
| Net Book Value As at 31 March 2025 As at 1 April 2024 2. Debtors Due within one year Trade debtors Other debtors 3. Creditors: Amounts Falling Due Within One Year Trade creditors Taxation and social security Accruals and deferred income |
138 | 138 | - | 138 |
|---|---|---|---|---|
| 235 | - | 235 | ||
| 2025 £ 3,000 4,964 7,964 2025 £ 229 2,835 6,592 9,656 |
2024 £ 10,500 4,981 |
|||
| 15,481 | ||||
| 2024 £ 434 232 10,750 |
||||
| 11,416 |
12. Debtors
13. Creditors: Amounts Falling Due Within One Year
14. Pension Commitments
The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.
During the year the charge to the statement of financial activities in respect of defined contribution schemes was £327 (2024: £143).
At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.
15. Movement in Funds
| Unrestricted funds General: General unrestricted fund Restricted funds Restricted Randall Cash4Kids Total restricted funds Total funds |
As at 1 April 2024 £ (65,580) 119,565 - 21,250 |
Income £ 90,375 - 60,000 1,500 |
Expenditure £ (54,338) (16,930) (26,301) (22,750) |
As at 31 March 2025 £ (29,543) 102,635 33,699 - |
|---|---|---|---|---|
| 140,815 | 61,500 | (65,981) | 136,334 | |
| 75,235 | 151,875 | (120,319) | 106,791 |
Page 11
Lovebrum Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
| Unrestricted funds General: General unrestricted fund Restricted funds Restricted Cash4Kids Total restricted funds Total funds |
As at 1 April 2023 £ (74,621) 114,245 - |
Income £ 57,108 29,760 22,250 |
Expenditure £ (48,067) (24,440) (1,000) |
As at 31 March 2024 £ (65,580) 119,565 21,250 |
|---|---|---|---|---|
| 114,245 | 52,010 | (25,440) | 140,815 | |
| 39,624 | 109,118 | (73,507) | 75,235 |
16. Transactions with Trustees
During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows:
| 2025 | 2024 |
|---|---|
| £ | £ |
17. Related Party Disclosures
There were no related party transactions for the year ended 31 March 2025.
18. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 12
Lovebrum Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025
| INCOME AND ENDOWMENTS FROM: Donations and legacies Donations and gifts Gifts in kind Membership subscriptions Other trading activities Income from other trading activities Fundraising events EXPENDITURE ON: Raising funds Purchases Staging fundraising events Computer software, IT consumables and maintenance Wages and salaries Employers pensions - defined contributions scheme Travel expenses Insurance Postage Advertising and marketing costs Telecommunications Independent examiner's fees Consultancy fees Subscriptions Bookkeeping fees Payroll fees Bank charges Charitable donations Sundry expenses Charitable Activities: Other Depreciation of fixtures and fittings NET INCOME |
2025 Total funds £ 78,900 1,300 5,150 |
2024 Total funds £ 54,020 2,600 36,459 |
|---|---|---|
| 85,350 22,262 44,263 |
93,079 14,948 1,091 |
|
| 66,525 | 16,039 | |
| 151,875 (360) (37,661) (1,477) (27,009) (327) (779) (1,530) (196) (100) - (1,300) (18,706) (314) (3,900) (300) (664) (25,159) (440) |
109,118 (3,892) (2,712) (3,736) (31,687) (143) (2,835) (1,437) (477) (513) (312) (1,350) (7,425) (432) (3,900) (300) (330) (11,969) - |
|
| (120,222) (97) |
(73,450) (57) |
|
| (97) | (57) | |
| (120,319) | (73,507) | |
| 31,556 | 35,611 |
Page 13