Charlty regi5tratlon numbor 1171347 (England and ¥Vales)
BLYfH RESOURCE AND INITIATIVE CENTRE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

BLYTH RESOURCE AND INITIATIVE CENTRE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
R Snowdon
MP Hall
J Eaton
CL Thompson
D OIN8r
(Appolnted 15 May 2024)
(Appointed 23 October
2024)
(Appointed 23 O¢tob8r
2024)
A Oliver
Charlty numbor
1171347
Prlnclpal addres$
Blyth Community Enterprise Centre
Room 118
Ridlèy Stre8t
Blyth
Northumb8rland
England
NE24 3AG
Independent examln¢r
Robson LaidlerAccwntsnts Limited
Femwood House
Femwood Road
Jesmond
Newcastle upon Tyne
Tyne and Wear
England
NE2 1TJ
Bank•rs
National Westminster plc
Whitley Bay
18 Parkview
Northumberland
NE26 2TQ

BLYfH RESOURCE AND INITIATIVE CENTRE
CONTENTS
Page
Trust8es' report
Independent examinerfs report
statement of financial activitiés
Balance sheet
Notes to the financial statements
9-15

BLYTH RESOURCE AND INITIATIVE CENTRE
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The tnjsteps present thgir annual report and financlal statemgnts for th8 year ended 31 M8rch 2025.
The financlal statements have been prepared In accordance wth the accounung pollcl8s set out In not6 1 to the
financial statements and comply wSth the charity's govertiing docurnent. the Charilies Act 2011 and 'Accountlng
and Reporting by Charities: Statement of Recommended Practice applicoble to ¢harities preparing their aGcounts
In accordance with th8 Flnanclal Reporting Standard applicable In the UK and Republic of Ireland (FRS 102)
(effective 1 January 2019)..
ObJe¢tlveG and actlvldes
Blyth Resource and Initlatlve Centre (BRIC} Is a people-ft)cused ¢harity based In Blyth. South East
Northumberfand. Our core mission ss to support individuals to achieve long-term, sustainable employment. Many
face complex barriers, and we work alongside thern to build confidence, skills and indePenden￿- enabling more
Positive choices and a better quality of life.
There ar8 no ellglbility criteda for 8r￿ssing our support. We work collaboratlvely with a wde range of partners to
ensure people receive the specialist help they need. Our résponse-to-need approath tailors support to each
person's goals. clrcumstsn¢8s and amblttons.
BRIC delivers a Mde range of ess8ntial provision to help peop16 progrèss towards employment. This includes:
Edu¢alion
A blènd of 8ccredited and informal leaming to bulld knowledge and sk1115. This Includes Dlgltal Skills
qualifications, Functlonal Skllls In English and Maths, Literacy. digital workshops, emotional w8llbelng and mental
health sessions.
Employablllty
Group and one-ti>one support coverlng job searching. Universal Jobmatch. onling and paper applications.
Interview skills and mock intaNiews. As a UKSPF Solid Foundatlons delivery partner Iwlth Thrlvlng Together as
lead), we also off6r a popular Cv-writing s8rvi¢e where cllents learn to Thte. upjate and tailor thair own CVS.
Dlgltal Incluslon
Delivered ￿rOsS Northumberfand. thls programme ensures residents-not only jobseeker￿thave Ihe dlgltal
aktlls to access 8SS8ntial services.18arnlng opportunities and communty life.
Drop4n Support
Open access to computers ￿th staff support. Whlle available to arryone, priority 18 given to those complettng job-
related a¢tivltles suth as job-searching. applications and Universal Jobmatch recording.
Publlc Benefft
The Trust88s LL>nfimi compliance with the public benefft requlrement under Section 4 of the Charfl8s Act 2011.

BLYTH RESOURCE AND INITIATIVE CENTRE
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Arhi?vements and performan
The ¢ost-of-living ctlsis continues lo weigh heavily on Blyth and wider Northumberland, and the year ahead
remalns ch8118nging. De$prt8 this, BRIC'S Chief Exe¢uliv8 and team have strengthened partnerships and
ne￿orkS, suGcessfully delivering a broad programme of adNity. Importanuy, new fun(Jing was secured in a
difficult economic dlmate.
Key achievements include:
cOn￿nUed dellvery within the UKSPF Solid Foundatlons programme
Retention of Centre accreditation for Functional Skills in Maths and English
Renewal of Dir6¢1 Claim5 Ststus by NOCN
Ongoing delivery of digltal Inclusion training and our Literacy programme, boosting employabllity and
confidence
Positive feedback from Ofst6d monitoring vlsits
Our Board remalned actlve and engaged. Allhough t￿0 Trustees stepped down, new Trustees were swiftly
appointed. improving Board diversity with two female Trustees. Work to further broaden repr6senlation
continues.
Flnanclal review
For th8 y8ar 8nding 31 Marth 2025:
Total income: £159.269
Total expenditure.. £156,442
Net income.. £2,827
Total funds- £71,512
The Board noted the November 2024 budget implications for the change in employer Nl contributlons due for
implementation in Aprfl 2025.
Fundlng
BRIC'S income comes from (xjre service delivery and pri)iect•specific grants. Funds prlmarily support Staff, tutors
and admlnlstratlve function5.
Highllghts induded renewed support from Virgin Money and Greggs, and continued UKSPF Solid Foundations
partnershlp funding. Several smaller grants also contributed to a stsble year-end financlal position. relnforcing
BRIC'S reputallon as a trust6d and 8ffective d81iv8ry P8rtn9r.
Reserves Poll¢y
Overall reserves have Increased from £68,685 in 2024 to £71,512 in 2025. Free reserves, being unrestrided
resérves not Invested In Ilxed assets totalled £56.407 (2024: £62.8161.
Trustees review reserves regularly to ensure BRIC wmains finandalty resilient.

BLYTH RESOURCE AND INITIATIVE CENTRE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Buslness Davelopment
Over the year, Trustees explored opportunlttes to widen BRIC'S reach while malntalning our core strengths and
acknowledging the small but commltted size of our team. Wth significant regional change, including public-S8Ctor
financial pressurès and the establishm8nl of the North East Combined Authorlty. Trustees will continue strateg1¢
development conversations. including a dedicated workshop planned for Summer 2025. As w611 as the pressures
on public-sector finances, the Board recognise that th8 private sector and $8ver81 well*stablished Foundations
also have reduced money available andlor are changing their focus for investing money. The landscape will
therefore be tricky to navlgate, and we noed to ensure wa are aglle to take advantage of potential opportunities.
During thls period, CEO Sharron F8wcett joined the Blyth Town Board, strengthening BRIC'S role in local
regenerallon and decislon-making.
rr Infrastruthr¢
BRIC continues to OP8rat8 a secur8, reslllent rr syslem enabling flexible working for stsff and onllne do1￿0ry for
clients when required.
The Futuro
Northumberfand County Council continues to advance major plans to r8develop Blyth town c8ntre. The op8ning
of the Northumberland passenger rail line has already delivered significant positive impact. and further
investment is flowing into1he town. As a Town Board member. Sharron Fawcell remans ¢losety Involved.
Northumbedand County Council secured major investment from QTS for a £10bn data centre in Cambois. It is
expected this development will provlde a signiffcant employmenl and regeneration boost for the local area, both
in temis of th8 building and on-going operalion of the f8ciIty as well as for the wlder supply-chain and business
community in South East Northumberiand.
The UKSPF Solid Foundations programme has been extended to March 202&-its final exten51on. BRIC and
Thriving Tog8ther wlll continue working closely to explore successor funding opportunities.
The launch of the North East Combin8d Authority {NECA) In May 2025 marks an Important shifi in regional
structures. BRIC has worked proactlvely to rnalntain strong relalonshlps durlng thls transition.
Structure, govemanco and managornent
Governlng document
BRIC is a registered charlty govemed by a Constltution and the Charfty Commission.
The trustees who served during the ye8r and up to the date of signature of the financtal $iatements W￿..
R Snowdon
MP Hall
J Eaton
EJ Agar
CL Thompson
D Oliver
A Oliver
S Durrant
(Appointed 15 May 2024 and resign8d 22 Octob6r 2025)
{Apt)ointgd 15 May 2024)
(Appointed 23 October 20241
{Appointed 23 October 2024)
(Appointed 1 April 2024 and resign8d l D8c*rnb8r 2024)
R•cruitm8nt and appolntment of new Irustaos
Trustees are re-appolnted annually at the AGM for up to five consecutive years.
Follm'ng the Trustee appointrnents of MrAndy Oliver and Mrs Debbie Oliver in November 2024. who are
married couple, actlon was taken to r8vls8 th8 Constiiution to ènsure complian¢e wth Charty Commission
guldelines in this regard. Primarily this fo￿s￿d on the matter of the two ￿lated Trustees havtng a slngla vote on
the Board. Documenlatlon was forwarded to the Charity Commission in February 2025 to progress this matter.

BLYTH RESOURCE AND INITIATIVE CENTRE
TRUSTEES. REPORT (CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Oryanisatlonal Str￿t￿re
The Board meets every six weeks to oversee govemance, ffinance and stratégic direL*ion. Debgated authorty
sits with the Chair and Viceihair between meetings. Working groups are formed vthen needed. The Chief
Executive manages day-ts-day operalions and leads a ttram of four.
Inductlon and trAlnlng of new tru8teas
New Trustees receNe a comprehensrve inductton pacK meet vth senior leaders. tourthe centre and identify
training needs. A skills audit is periodicalty conductsd to guide future recruitment and ensure d￿erSftY of sktlls
and perspe¢tivos.
Koy management remuneyatlon
Salary revlews andjob evaluations arè undèrtaken perlodlcally.
Related partl•s
BRIC collaborates V*rydely across the voluntary and statutory sectors. Key partnerships indude Thriving Together,
NLT. NCVA, CAB and Cygnus through the UKSPF Solid Foundatrons programme. CEO Sharron Fawcett also
8eNes as a Trustee for Heèdway Arts and ts InVo￿d In establlshlng a Read Easy Ilteracy initiative In
Northumbèrfand.
The trustees, report was approved by the Board of TrusttsS.
Rsn
Trust86
don

BLYfH RESOURCE AND INITIATIVE CENTRE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF BLYfH RESOURCE AND INITIATIVE CENTRE
I report to the trustees on my examlnation of th8 financlal ststemenls of Btyth Resource and Inifjative Centre (the
charity} for the year ended 31 March 2025.
Re8pon81bllltle8 and basis of report
As tha trustges of tha cha￿ty you are responsible for the preparation of the flnanclal statements In accordance wlth
Ihe requirements of the Charities Act 2011.
I report In respect of my examination of the charlty's finandal ststements cdrrled out under $8Gtlon 145 of the
Charities Act 2011. In carrwng out my 8xamination I have followed the Dlreciions gNen by the Charlty Commlssion
under $8clion 145(5)(b) af the Charities Act 2011.
Indepenthnt examinetrs statement
I have completed my examination. I conllTm that no matters have come to my attention in connedlon with the
examinalion giving me cause lo belleve that In any material respect:
accountlng records were not kept In respect of Ihe charity as r8quired by section 130 of the ChaTitles Act 2011.
th& financl81 stalernents do nol accord wlth those records: or
thè flnancial statements do not comply with the appli{￿ble requirernents ¢onceming the fomi and content of
financial slalements set out in th8 Ch8rIti￿ (Accounts and Rèports) Regulations 2008 other than any
requirement that the financial slatem8nts glve a true and fair view, whlch Is not a matter conSide￿d as part of
an independent examlnatlon.
I have no con￿MS and have wrne acrcfs no other matters In connection with the examinatlon to which attention
8hould b8 drawn In this report in order to enable a proper understsnding of the financial statsments to be reach8d.
Nicholas Cunningham FCCA
Robson Laidler Aceountsnts Llmfted
Femwood House
Fernwood Road
Jesmond
Newcastle upon Tyne
Tyne and W8ar
NE2 1TJ
England

BLYfH RESOURCE AND INITIATIVE CENTRE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Current fina￿la1 year
Unrestrlcted R8strfctod
fund$
funds
2025
2025
Total
Total
2025
2024
Nolas
Donations and18gacies
ChaAtable activitbs
140.514
62
18.693
159.207
82
93.126
19,774
Total Income
140.576
18,693
159,269
112,900
dlture on:
Charitsble acllvrtles
148.358
8.084
156.442
145.150
Nel {expendi￿re}11nC0m8 for the yearl
Net movèment In ftinds
(7,782}
10.609
2.827
(32.250)
Fund balances 8t 1 April 2024
68,685
68,685
100,935
Fund balances at 31 March 2025
P)0,903
10,609
71,512
68,685
The statement offinancial acllvltles includes all galns and losses recognlsad in the year.
The statement of financial actIV￿&S Includés all galns and losses recognised in th8 year. All Incomp and expendlture
derive from contlnuing activtlies.

BLYTH RESOURCE AND INITIATIVE CENTRE
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AqARCH 2025
Prior financlal year
Unrestrlctod R￿trfeted
Total
funds
2024
funds
2024
2024
Notes
Donations and legacies
Charltable activltte8
93,126
19,774
93.126
19.774
Total income
112,900
112.900
dlture on-
Charitable acuvlttes
89.918
55,232
145,150
Net (expendltureyFncome for the yearf
Not movement in funds
22.982
{55,232)
(32.250)
Fund balances at 1 Aprll 2023
45.703
55.232
100,935
Fund balan￿8 at 31 Mareh 2024
68.685
68,685
statement of financial activttles includes all gains and losses recognised in the year.
The ststemenl of flnancial activities includ8s all gains and losses recognised in th8 year. All incLwng and expendRure
d8rlve from contlnulng actlvilies.

BLYfH RESOURCE AND INITIATIVE CENTRE
BALANCE SHEET
AS AT 31 MARCH 2025
2025
NoteB
Flxod assets
TarKJlble assets
4.496
Current 2ssds
Debtors
Cash at bank and in hand
320
72.668
71,705
72,988
71.971
Creditors". amounts falling due wlthin
one year
10
(5.972)
(9,355)
Net current assets
67,016
62,616
Total aMets less curvenl Ilabiltties
71.512
68.685
Th6 fund5 of the charty
Restrrcted income funds
Unrestrictsd funds
14
13
10,609
60,903
71,512
88,685
The financial statempnts wgre approv8d by the tfustees oft ........ ... ....
R Snowdon
Trusteè

BLYTH RESOURCE AND INITIATIVE CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
A¢¢ountlng pollcles
Charlty Informatlon
Blyth Resource Bnd Inldatlve Centre 1$ a Charllable Incorporated Organisatlon. (Charlty number: 1171347)
1.1 A¢¢ounting ¢onv8ntion
The financial statements have been prepared in accordance wlth the charfty's deed of trust. the Charities Act
2011, FRS 102 Yhe Financial Reporting Standard applicable In the UK and Republic of Iraland. fFRS 102.)
and the Charities SORP 'Accounting and Reporting by Charities: Statement of Recomrnended Practice
applicab18 to charities weparing their aceounls In accordance with the Financial Reporling Standard
applicable in ihe UK and Republi¢ of I￿rand (FRS 102). (effective 1 January 2019). The charity is 8 Public
Benefit Entity as defined by FRS 102.
The th8rity has taken advantage of the provisions In the SORP for charities not to prepare a Statement of
Cash Fk)ws.
The financlal 8latemonts have dèparted from the Chartties {Accounts and Reports) Regulations 2008 only to
the extent required to provlde a true and fair view. This d8partur8 has involved following the Statement of
Recommended Practice for charilies applying FRS 102 rather than the version of the Statement of
Recommended Practice which Is referred to in thé Regulatlons but which has since been withdrawn.
Th8 flnancial slatements are prepared in sleTling, which is Ihe fvnctional CUTrenGy ol the charity. Monetary
amounts in these financial statements are rounded to Ihe nearest £.
The financial slatements have been prepared undgr the hlstorical cost convention. Th8 principal accovnting
policies adopted are set out b810w.
1.2 Golng concern
At the time of approving the financial stBtgments, the trustees have a reasonablè axpectallon that Ihe charlty
has adequats resources to continue in operational e￿$tence for the foreseeable fviure. Thu5 the trustees
continug to adopt the golng con(%rn basis of accounting in weparing the financial statements.
1.3 Charltable funds
Unrestricted funds ara available for use at the discretlon of th8 trusteos in fwtherdnce of their charitable
objectives.
Restricted funds are subject to specrfic conditions by donors or grantor5 as to how they may be used. The
purposes And uses of the restricted funds are set out in the notes lo the financial statements.
1.4 Income
Income is recognised wh8n th8 charity is lègally ontilled to it aftor any performance conditions have been met,
thè amounts can be measured reliably, and it is probable that income wll be recelv8d.
GranlE are included in the Statement of Financlal Activities on a receivable basts. The balance of income
receiveij for spe¢ifi¢ purposes txjt not expended during the period is shown In the relevant funds on tho
Balance Sheet. Where income is received in advance of entitlement. its recognition is deferred and induded
in creditors as d8f8rred Incom8. Wherè ènlttlement occurs beforo income Is recalved. Income Is accrued.

BLYTH RESOURCE AND INITIATIVE CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles
(Contlnued)
1.5 Expenditure
Liabilities are recognlsed as 6xp&nditur6 as soon as th8r8 is a legal or constructlva obllgation commlttlng tha
charity to that expendlture, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligallon can be measured rellably. Expenditure is accountsd for on an accruals basis and
has been clagsrfi8d und8r headlngs that aggregate all cost related to th8 category. Whero Gosts cannot be
directly altrlbuted to particular headings they have been allo¢ated to activltles on a basis conslstent with the
use of resources.
Grants payable are charged in the year when the offer is made except in those cases where the offer L8
conditional, such grants being recognised as expenditure when the conditions attaching are fijlfilled. Grants
offered subject to conditions ￿[Ch have not been met at the year end dal8 are noted as a commllment bLrt
nol aGcru8d as oxpenditure.
All expenditure is inclus5ve of irrecoverable VAT.
1.6 Tangiblo f￿ad assels
Tangible fixed assets a￿ initlalty measured at cost and subsequenty measur8d at ¢ost or valuatlon, net of
depredation and any impaimient Ioss8S.
Depreciatlon is re¢ognised so as to write off the cost or valuation of ass@ts less their residual values over their
useful lives on the following bas8S'.
F5xiures and ffltings
20% straight lin8
1.7 Cash and cash equivalents
Cash and cash equlvalents include cash in hand, deposlts held at call wlth banks, other short-tarm liquid
Investments with original maturilies of three months or less, and bank overdrafts. Bank overdrafts ar8 shown
vithin borr(PNings in current liabilitl8s.
1 A Taxation
The charity is exompt from tax on Its charltable actlvlues.
1.9 Retlrement ben•fits
Payments to defined conlributlon retirement benefit schernes are charged as an expen88 88 they fall due.
Incoma from donatlons and legacies
Unrestrlcted Restrlcted
funds
funds
2025
2025
Tolal
Unr8Strlcted Rejstrlctsd
funds
funds
2024
21)24
Total
2025
2024
Grants
140.514
18.693
159,207
93,126
93.126
10-

BLYfH RESOURCE AND INITIATIVE CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expondlture on charltablo activltl•B
Charlty
a¢tivitles
2025
Charlty
activitles
2024
Dlrèct costs
Staff costs
Depreclation and impaimient
Rent
Registralton fees
Tutor costs
Annual Subscrlpfjons
Staff expenses and training
Advertising
106,797
2,373
17,527
5.842
14.143
102.117
2,215
15.961
2,405
11,Tr10
2204
504
3.342
537
149,954
137,617
Share of support and govemanGe Costs (so0 note 4)
Support
Governan
4.653
1.835
5,767
1,766
156.442
145,150
Analysis by furKI
Unrestricted funds
Restrlctad fund$
148.358
8.084
89,918
55.232
156,442
145,150
Support costs allo¢at8d to aclfvltles
2025
2024
Insurance
Telephon8
Postsg8 and slationery
Office costs
Stsff travel
Bank charges
Governance costs
1.064
161
1.490
1,402
395
141
1,835
1,013
55
1,358
3.057
150
159
1,741
7,533
Anatysed between:
Charlty actlvltles
6.488
7,533
11

BLYTH RESOURCE AND INITIATIVE CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
None of th8 truste8s (or any persons connacted wlth them) rec8lv8d any rernuneratlon or benefits from th8
charity durlng the year.
Employee$
The average monthly number of employees during the year was..
2025
Numbw
2024
Number
Operational staff
Employment Costs
2025
2024
Wages and salarfes
Social security costs
other pension costs
101.167
2,685
2.945
97,309
2.152
2,656
106.797
102.117
During th8 year, key management r8muneretion totalled £33,026 (2024". 32,889).
There were no employees whose annual remuneration was £60.000 or more.
Taxation
The charity is exempt from tsxalion on its activities because all its income Is applied for charitable purposes.
12-

BLYfH RESOURCE AND INITIATIVE CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Tanglbl• flxad as8èts
Fixtures and
fltllngs
Cost
At 1 April 2024
Additions
11,199
At 31 March 2025
11.999
Deprnclatlon and Impalm)ent
At 1 April 2024
Dopreciatlon chargad In th8 year
5.130
2.373
At 31 March 2025
7.503
Carrylng amount
At 31 March 2025
4,496
At 31 March 2024
6,069
Debtors
2025
2024
Amounts falllng dué wlthln one year:
Prepayments and accrued Incomè
320
266
10 Creditors: amounts falllng dug wiUHn one year
2025
2024
Other t8xation and social security
Trad8 creditors
Other Credltors
Accruals and deferred income
1,719
2.249
6.518
1,459
106
1,272
1,456
5,972
9.355
11 Retirement benefit ¥chemes
2025
2024
Dèfined contrfbutlon schemès
Charge to profit or loss in ￿Spect of d8fin8d contritnrtlon schemes
2,656
The charity operates a defined contribution pension scheme for all quallfying employees. The assets of the
scheme are hdd sèparately from those of the charity in an ind8pendgnUy admini5t2red fund.
13-

BLYfH RESOURCE AND INITIATIVE CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12 Anaty5i$ of net assets betwegn funds
Unrestrlcted Restrlcted
fund5
funds
2025
2025
Total
2025
At 31 March 2025:
Tangible assets
Current assètsl{li8bilitses)
4,496
56,407
4,496
67,016
10.609
60,903
10,609
71.512
Unrestrict•d
fund$
2024
Roslrlcted
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
Current assetsllliabilittes)
6,069
62,616
6.069
82,616
68,685
68,685
13 Unfestrictsd funds
The unr8Strf¢ted fijnds of the Gharity comprise th8 ungxpended balances of dOna￿onS and grants which are
not subJect to specific Gondittons by donors and grantors as to how they may be used. These indude
designated funds which have been sèt askle out of unrestrlctéd funds by the tru3tses for specific purpo8èS.
At 1 April
2024
Incoming
resL>urces
Resour￿5 At 31 March
axpendod
2025
General funds
68,685
140,576
1148,358)
60,903
Prevlous year:
At l April
2023
In¢omlng Resources At 31 March
resources
expondgd
2024
General ftjnds
45,703
112,900
(89,918)
68,685
14-

BLYfH RESOURCE AND INITIATIVE CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
14 Rostrtcted funds
The restrlcted fjjnds of the charlty c￿MprISe the unexpended balance5 of donatlons and grants held on trust
subject to speclfic conditions ty donors as to how they may be used.
Movement In funds
kncomlng
R•8ources
Balance at
sourc•s
expend8d 31 Mar¢h 2025
Balan￿ at
1 Aprll 2024
The Bernicia Foundation
Acc965 Foundatlon
6,OC4)
12.693
(2.796)
(5.288)
3204
7.405
18.693
(8,084)
10,609
Access
Foundati
In accordance with the 18ms of Ihe grant. these funds are to b8 Used solely for the delivery of our Roving IT
provision, and cannot b8 applled to any other charitable activities. At year-end. the balance of r8Stricied fvnds
refiects the unspent portion of the grant, whlch will be carried forward and utilised in line wth th8 fijnderfs
condlllon5 in the forthcoming period.
Bemlcl
In accordan(% with the tern￿ of the grant. these funds are to b8 us8d solely for the d8llv8ry of our Functional
Skills p￿VIsIon, and cannot be applied to any other charltab18 actIvI￿es. At year*nd, the balan￿ of restricted
nds reftects the unsp8nt pOr￿n of the grant, whlch wrll be carrled forward and utilised in Iln8 Wtth the
funder's conditions in the forthcoming pertod.
15 Related party transactlons
There were no dlsclosable related party transadons durjng the y8ar (2024 - none).
15-