Charity registration number 1185718 (England and Wales) GRACECHURCH BROMSGROVE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
GRACECHURCH BROMSGROVE LEGAL AND ADMINISTRATIVE INFORMATION Tw$tsès Dr J Coleman Mi R Hopkins Mis R tl'x¢ MrT Prit¢hard Mr l Dixon Miss S CoFvad( Charfty number 1185718 Princlpal addrèss 3 GuTkJ Road Br0rn5giove Ww¢¢st¢rshi 860 2BY Independent examiner Colm MGGriyy Theoa Kidderminster Road DrO11¢h Wotcestershiie WR9 9AY
GRACECHURCH BROMSGROVE CONTENTS Page Trustees. repcffl Independent examinefs rep(Ki statement of fman(#813ctivthès Balance sheet Notes ltr the finanual statèments 7-14
GRACECHURCH BROMSGROVE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Irustèès presenl their annual rep ffinancial statements for the year ended 31 Marth 2025. The financial Slalemenls have been prepared in aC0)rdan wth the ac¢wnting polirAes sel out note 110 th finanaal stalemenls and compty wrth charitls CIO constitution, the Charitiès Acl 2011 and "Accountwig and Reporting by Charities.. Slalernenl of Re¢ommended Praclice apKable to charttses proparing their accounts in ¢¢xd8nce wilh the Financial Reporting Standard appkncae in th& UK and RewblK of Ilarnd {FRS 1021 {effective 1 January 2019}". Oblecdves and activitiès The charitable objectives are as folows.. ) The advancement of ihe Chiisban religM)n in the United TrQngth)m anLI owseas. ill Tho avaement for the putAK benefit of rdigious aThJ other edwation. iiil The ieliel f)f the sick and disabled. iv) Such other charitable purposes a5 the trustees in tt1[ absokrte discsel)n think fit en planning our a1¢$ for the year, the trustees have tt)mplied with lhr duts uThkr section 17151 of the 2011 Charitie5 Ad lo have ijue regard to guhlance pubfished by thè Charity Commission's on public benefil and in partbcular the specific guidance (m charities for the advarKemenl of iion. This is achieved through So81 suppprt lo the elde and poor, edtIOnal c(MJrses and regular Sunday rTEekngs. The truslees have paid due iegard lo guidance issued by the Charity Commission in decidiThJ what aGtMlies the tharity should undertake. Achlevements and prfoman¢• Significant activitie¥ Particular ways in which thè tibiectives have been fuffilled uiclutje: Regular Sunday afternoon meetings open to the putitc and induding leathing on ihe Christian fatth. Education course5 to teach on the Christian faith (Awa ¢DursÈs open to the publicl. Involvement in Churches Together initiatives suth as Streei Prayer whth ar¢ open to everyone. General provision ol soual 5UPPOrt to mèmbers and rton-member5 oflhe chaity. House groups for members and rwmemb8rs ¢)f Ihe Charity, meeting regularty for prayèr. study and mutual support. Specific donations lo Chaiiiies and ndiwduab working in Chuithes in Turkey, Uganda and EaStAffa. Specific donations lo a famrly providing med7 and practical support at a hospiial in Zarnbia. Regularty serving the community with events throughoul the year whith iNJLJde assistu)g local people and organisalions to carry out gardenin9, painting. litler picking elc. Also to hokl annual ovents open lo the gen8ral publi¢ such as a quiz nKJht, summw BBQ and Chrislmas party. Weekly soc4al group and meaj for the Charford wmmunty al Sl Andrews thuwch hall kn(n as Open Doors which includes BitAe teaching aThJ actimties. Regular activities for young people, w)duding taking a party to a summer camp organised by Newfronliers (Newdayl. Regular provision ol meals to Ihe community. at no tharge. Involvement. trrfJethèr wrth olher churches in Ihe 3. M) the proSKIn of Street Pastors lo support members of the publi¢. Employmènt of a Recovery C(MHmunity Developrnenl ke[ for anè day a week to build on. and develop, new and existing stwdures Iththin the community lo support those wilh dru9 and alcohol addiction. Al954 Ihis we are looking 81 workuig with olhers in the setting up of a residential drug and alcohcd 'reVery. house in Bromsgrove. Endtsrsernts from the rècovery wup include.. "Thought provokin9 and supporlive session, where al opinions are Vu1.."Asafe no blame environment The Charity relies on (lonalions Irom membets of the ¢haiity. This Ir was n line Yrilh expoctalion. There were no additional fundraising acbvitses. Grantmaking When the budget 15 sel. after discussions with the elders and Ihe twslees. amovnts to be gfftèd as donations to third part*s are agreed and budgèlèd for.
GRACECHURCH BROMSGROVE TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Flnanclal revlew The net result for the year was a surplus of £36.36312024 defiat.. £2.8211. The thlty receNed dwtions and legaGies. and investment income amounting lo £101.85212024." £416,574) of whith £65,48912024.' £49,395) was spent in pursuit ol the charily's objectives. At 31st March 2025 £24.780 (2024: £19.518) was held as restrictèd funds and £120,78212024= £89,681) was held as unrestrided funds. 01 the unrestritaed fvnds. a stgnificant sum has been allocated to the (levelopmnl of drug and akcljol support Services in Bromsgrove. In 2020 we employed a Recovery Community Devek•prnent Worker for one day a week lo build on. and develop, new and exTrsting stnthres ¥wthin the commnity to 5UPPOrt those with drug and akohol addiction. We continue to do tru"s. It has bèèn suttessful in ming links with estsbli5hed substance misuse oiganisations. receiving referrals frcfft County Ser. Group meetings c¢ntinue to be much needed and arKI appreciated. paibcLJlarty over the lasl few years wrth reduced soryal 1xlaC1. Abngside this we are looking al wothing with olheTS in the setting up of a re5identiHI dwg 8nd akohol 'recovery' use in. or around. Bromsgrove. We envisage that the need for yjch support will remain in thè current financial dimale. These efforts have been extensive this year and are cb)se to beng fruit. The opening and running of a recovery house wll be a signrfKani finan¢i>J burden lor the charity. we have been saving and preparing for thi5 and are very confident that we WI be fully able to fin3nci3ty support cr partners in this venlvre. Reserves policy The charity aim5 to have reswes equNaknt to Ihree months of average expenses. currenuy around £15.000. This is reviewed annualy. This level ol r85erv¢ would enable GracectrHJrch to fulfil its ongoing eommitmenls lo ils slaff and agreemenis lo lease and hire laGilities aThl ¢onbnue its normal operating activities should a shorfall in ncome Lx unexpe¢ted costs arise from time lo lirne. In delermtning the level of reseNes. the Trustee5 took into a¢¢ounl the t%rrently k)w levels of fixed expenditure and risk incurred by Ihè TNst. The charity has no inveslments other thaTr k a(uunis vthich are used to perform the day to day activities. Ri$k managtmènt The liuslèes idèntify Ihe major risks lo whh the charrty is exposèd exh fina131 year when prep8ring arKI updating a slfalegic plan. in partt(JJlai those relathng to the operalK)ns and finances of the charity. The Ifu51ee5 Ihen review major iisks which have been identified, and estatAish syslerns lo milvJatÈ tIK>$Q fisks. The charity is satisfied that systems are in place lo mibgate thr exposure to the major ri5kswhich have been so 1dentffjd and teviewed. The tharity is open to Ihè usual financlal risks of any wganisalion. and the charity has introduced ¢ontrols to minirnise these risks. including prOdreS lo prevent fraud. In aihJ"rtion. the accounts are regularty explained lo members of the chanty in open tlleelin9s where all are Vited. They are OFen for mèmbèrs inspection al any timè. The finances are subject to an indendent Attountancy review. The carity carriès 3 comprehensive InSunCe pclw. Work with children and vulnerable adults 15 open to risk. The W1¢Y is lh* any visits and counselling is done in pairs. as is chiklren'5 woth and the transport of Ihese individuals. We have 8 5aleguardry p¢liw. Both Elders of tho Church and some ofthe Trustees ha ènhanced Safeguardw)g training Ikvel 2&31. We use the independent ht.or trainiry and support organisation Thirtyone:evJhl for training and advKe when netrd8d. All workers are required lo be deared by the DBS.
GRACECHURCH BROMSGROVE TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Slwcr0j grjvernance and managem Thè charity Is a Charitabte IncorrKJrated Owanisakn aThl Is CtitUt und8r a Trugt Deed dated 19th S8ptsrrter 2019 Bnd is gIstered Mlh the Comrriwin ith 1185718. The CIO wrrently 8mploys mernbers ofstaff. Th& Irust99s who seNod durng ya8ratMI up to the de ofsignalura erf1 Stat8nts were.. Dr J Cdeman Mr R Hopknns Mrs R Dixon Mr T Prii(4)ard Mr l Dixon Miss S Coppack The tnJslBOS ar8 8PWMrted on disojssion belw the ehI8rs sthirg tmstees. W are slgned in as Irustges at the first meètlNJ they attend. Thè éldèrs ¥re Steve vIncrt atKI Jonath Ccdeman ffvm Spir[tt d$trateg drectlon &) Ihe Church. Thè Iruslees meet at least fowtimes a year and tho elders and1È8dÈishlp tEam mt monlhly to di5CJJSS and plan objecuves and thts implentatiOn trereof. klatters ofcryKem are Tatsed with au rwntErs. Staff of Ihe charfty have delegated •JWK)rity to cwry t•Y to day thlbeswithin pol4&S agro8d by tho board. E¢umenScal r•lalltsn5hips Gra¢gchurth works dosèty vAlh c4her Chrfsti (*ganisatsons such as and tho Evangell¢alAlknce and other churd)Èg in the area. sLMont of trustees. rospon¥lbll#i The trustees are respon. sibig for preparing the Tmste8s' ReF(rt the statements kn acccwdancg with aplble law and United Kingdcwn A(xx)unting Stand¥ts (United Krylom Generalty ApIed Accounts pra08). Thetrustees. re[ was approved by the Bo8rd dTnBtees. Mr l Dlxon Trustee Dated: .161.IL
GRACECHURCH BROMSGROVE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GRACECHURCH BROMSGROVE I report to the Iruslees on my examinatn of finan¢ial stalements of Gracechur¢h Bromsgrove {the charity) for the yèar ènded 31 March 2025. Responsibilitie5 and basls of report As the Iruslees of thè d)arity you a responsible for the prepaiation of the ffinanaal statements in aeeordance with Ihe requirements of the Charities Act 2011. I report in resp8Ct of my examination of the ffinanual statemenls carried out under $8ctv)n 145 of the Charities Aci 2011. In carnwng out my examinatiorh I have foltrwèd thè DiTection5 given by the ChaFity Commission nder Section 14515llb) of the Charities Act 2Q11. Indèpendènt examlnerfs ststement Your aitention is drawn lo the fact that the charity has prepared the financial statem8nls in acLordance with the rèl8vant version of Ihe Staternenl of RecommeThJed Practice applicablè lo charities preparing their financial statèm6nls in accordan with the Finan(ial Reporting Standard applicatle in the UK and Republic ol Ireland {FRS 1021 in proference to the Accx)untwig 8nd Reporting by Charities-. Statement of Recommended Practice issued on 1 April 2005 whi¢h is refefred to in Ihe extsnt rÈgulations tHJt has rtht en withdrawn. l UTKkrsland that this has been done in order for the financial statements lo provido a Ift and far view acc>)rdan¢e with UK Generally AccepledA¢¢ounting Practice. I have completed my examination. I wnfim that no maiters have coThE to my 8ttention in connedion with the examinatitsn giving me cause lo belEve Ihat in any material respe(a'. accounting records werè not kept in resp&# ol the thatity a5 required by sectFon 130 of Ihe Charrties A¢t 2011. the financial slalem¢nts do not accord with those reetsrds," OT the financia1 statements do not compty vAth the applicab requirements camcemirg the form and content of financial statèmenis set out in Charibe5 (Accounts and Reports) Regulation5 2008 other Ihan any requirement Ihal the finanaal statements give a true and fair which is not a maiter considered as part of an independent exatnination. I have no cort¢ems and have crne #¢rtsss no olher matters in conned*Jn with the eXallation lo which attention should be diawn in Ihis report in order lo enable a prow understanding ollhe financ4al statements to be reached. Colm McGrory FCA The 0aeY lQdderminsler Road Dro11Ch Worce51ershire is 9AY Dale..
GRACECHURCH BROMSGROVE STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted lund$ funds 2025 2025 Totsl Unrestrletèd Restrict•d funds funds 2024 2024 Total 2025 2024 N¢l¥s Incom• from: Donations and legacies Investments 83.811 16.238 1.449 100,049 1,803 44,1 918 45.018 1,556 Ttrtsl incorne 84.165 17.6B7 101.852 45.656 918 46,574 Expenditufe on: Chaiitable a¢bvits"es 53.C64 12,425 65.489 48.820 575 49.395 Total gxpenditure 53. 12.425 48.820 575 49,395 Net incomel{expenditurèl and movement in funds 31.101 5.262 {3,1641 12,8211 Reconciliation of funds: Fund balances al 1 Auiil 2024 89.681 19.518 109.199 92,845 19,175 112,020 Fund balances at 31 March 2025 120.782 24.780 145.562 89.681 19,518 109,199 The Slalewnenl of firhan¢i* activilies indudes all gains and bs5es recognised the year. All inrAmo aThJ expenditure derive from conlinuing a¢tMIiès.
GRACECHURCH BROMSGROVE BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Flxed a$s•ts Tangi14e assets 11 1.076 Current as1¥ Cash at bar and in h8nd 145.983 111.737 Crodltors: falllng du• thIn on8 yoar 12 (2,746). 13.614) Net Crnt35S0ts 143237 108.123 T1 assots lass cwrgnt Hahn•$ 145.562 109.199 The fvnds of Ihe charity R¢strfded inrJ)n* funds Unrestricted funds 13 15 24,780 120,782 19,518 89,681 145.562 lQ9.199 Thè finaftaal statements wero apyo¥ed bythe trusig95 ...... ..... ..._..... Mr l Dixon . Tnjstsa
GRACECHURCH BROMSGROVE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ounllng poll¢i•$ Charity infornHtion Grahr¢h Bromsgrove is 8 charitab Incopofaled Organisation {CIO> wtth the Charity Commission fot England and Wale5. 11 is governed by a trusl deed dated 19th SÈplember 2019 and adopted by ils members. 1.1 Aceounllng eonv•ntion The financial statemenls have been pr4arèd in #tdan(* th& ctharrtls governing doujment, the Charities Act 2011, FRS 102"The Finanoal Reporting stalard appbcable in UK and Republic of Iland- and thè Charities SORP "Accounting and Reporting by Charilies.. Slatement of Recommended Practice applitsble to ch3riiiès prepariw their accounts in accordance with the Financial Reporting Standard applicable in the UK arKI Repubk of Iceknd {FRS 1021" The charity is a PublK Benerr( Entity as defined by FRS 102. The Charity has taken advantage of the pro¥isitsns in thè SORP fN alleS nol to wepare a statement of ash flows. The financial statèmènts h3vÈ depart8(l from the chare$ (Accounts and Reports) Regulation5 2(XJ8 only lo the extent required lo provide a twe and fair wew. ThK8 departure has involved following the Stalernent of Recommended Practi for charities apptying FRS 102 ralhei th the version of the Slalemenl of Recommended Practi which is Teferred to in Ihe Regulaltty)s kmjt whith has since been wilhdrawn. The financial stslements are ppared in sterliThJ. which is the tIonal TncY of the d)arity. Monetsry amounts in these slalemènts are rounded lo the nearest £. The financial statements have been prepared under Ihg hi01 o)st ¢onvention. The pmapal accounting poliaès adopted are set out below. 1.2 Going concern Al the lime of approMThJ the financial statements, the trustee5 have a reaab expectation Ihal the ¢harily has adequate resources lo continuè #i operath)nal existence for the loreseeable fulure. Thus the trustees continue io adopt the going concern basis of a¢¢ountirg in preparing the financHI statements. 1.3 Charltable funds Unrestricted funds are avadat4e for use at the disc¥elion of the trustees fUrther3r of their d)aritable objective5. Restricted funds ale subjed to $peur conditions by donors or grantcrfs as lo how Ihey may be used. The purposes and uses of Ihe restricted furKts arè set out in the notes lo the finanaal stalements. 1A Income In¢ome is recognised when the charity is kgally enlitled to il after any perfomiance cnnditions have been mel, Ihe amounts be rneasured reliably. and il is probable thal inwme wdt be re¢ei¥ed. Cash donations are Tecognised on recApl. Other donatKJns are rè(x)gr)i%Èd Orn thè charity has been notified of the donation, unless perfomance condiOnS require deferral of the amount. Income lax iecoveiabk in rdalion lo donations received ut)der Grft Aid or deeds of covenant is re¢))gnised al the time of the donation. Legacies are recc>Jnised on receipt or othèrwise if the charity has teen notified of an irnpeThJing disti1ttion, the atnount is known, and relp1 i8 experled. Ir thè amnt is not krthyn. the legacy is Irealed as a conlingenl a55el.
GRACECHURCH BROMSGROVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting poli¢ies (Continuodl 1.5 Expenditure Expenditure 15 Tecoyni5ed once there is a legal or constructive oblgalKJn to Iran5fer economF¢ benefil to a third party, it is probable that a transfer of e¢orK)mi¢ benefits tNil required in settlenI, and the amour)l of the oblgakn can be measured refbly. Expenditure is classified by acliwty. The cosls of eac acliwty are made up of Ihe total of diied costs and shared ¢osls, induding supp(wt costs invclved in undertaking each activty. 01rt costs attributable to a single actiwty are allocated direc15y lo that aGtivty- Shared cosis which contribute to more than one 8¢1iwty and support costs which are not attfibulable lo a single adIty are apporboned eleen those aclivities on a basis nsistent with the use of resource5. Centtal 51aff costs are allocated on the basis of time spent. and depreaation carges are allocated on the porbon tsf thè asseys use. 1.6 Tanyibk fixed assets Tangible red asse15 are initiaTry mèasured at cosl and subsequenty measured al cost or valuatir)n, nel of depreciation and any impaimienl ke$_ Depreciation is recognised w as to wrtte off )$1 orvalL110n of assets less their residual values over their useful lives on the followThJ bases= Fixtures aThJ ffittings CompKrtei equipment 10%- 50% str3KJhl ne basis 2- 33Yo straHJht b.ne basis The gain ot k>ss arising on any disposal of an asset is deterrTwI as diffèrèncè bètweèn the sale proceeds and the carrying vae ofthe assel and is fecogni8ed in nel incomel{expenditufy) for the year. 1.7 Impainnent of fixed assets At each reporting ènd dale, the charily rev7ews the carrying amwnts of ils tsngible assets lo determine whelher the is any indication that those assets have sulfered an irnpairmenl loss. If any such indicalion exists, the recoverable arllount of the asset is estimated in order to deleine the extent of the impairment loss (rf any). 1.8 Cash and cash equivalents Cash and cash equivalents indude cash in hand. depots held at call th bank5. Other short-term 91 investments wilh original rnaluriliès ol threè months or less. and nk overdrafts. Bank overdrafts are shown within borrowings in current lialM"litse5. 1.9 Employee bènèfits The c0510l any unused holday enlitlement 15 recognise(l in the ped in which the employee's senri¢es are received. Terminalion benefits are recognised immedi8tsty as an expense wTh the dwty 1$ demonstrably committed to lemiinale the emrAownenl of an employee or to wowde terrnat benefits.
GRACECHURCH BROMSGROVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Critical •¢¢ounting estlmates and judgements In the application of the charily's a¢¢xJunting pofKaes. the trusteès a requi lo make iudgemenls, estsmales and 8ssumptKJns about the carrying amount of assets arKI Iiablitses that are not readily apparent from other sourcès. Thè estimatès and assooaled assumptlOn5 are based on 1*5twical experience and olher factor5 that are considered lo be reknnL A¢lual reslS may diffw from these e51imales. The estimates and u[lg assumptions are reviewed on an onwng basis. RevisK)ns lo accwnling estimates are recogni5ed in the WK)d in which thè estimatè is ce¥ised where the rewsion affects only that period. Of in the peTi¢)d of the re510n and futu riods where ts I$1n affects both ujrrenl and future peiio(Is. Income from donatl¢n$ and lega¢igS Unrestrlcted Restricted funds funds 202S 2025 Total Unrestrlcted Restricted funds funds 2024 2024 Total 2025 2024 0)atIonS and gifts Other 80,443 16238 96.681 41,199 2.1 918 42.117 2,gJ1 83,811 16.238 l(K1.049 44,100 918 45.018 orng from Inveslments Unrèstrleted R8stricted funds fund$ 2025 2025 Totsl Unrestrl¢ted Rg¥tri¢tsd funds funds 2024 2024 Total 202S 2024 Inleresl recewable 354 1,449 1.803 1.556 1,556
GRACECHURCH BROMSGROVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Exp•ndltur• on charitsble a¢tivitles Total 2025 Total 2024 Dlrect costs Staff costs Hardship lfftds Sundry co&ts Church gatherings General giving Housing fund costs Vwlnessing ¢OSts Conferenc& and traintng costs Small gatheiiThJs Newday costs Social action 7,248 442 1,694 3.437 12.694 11.983 4,267 2.518 2,118 670 1.392 6.605 350 2,448 11,470 225 4,673 2.696 694 2.479 48.463 34.600 Share of $upport and govemance costs (see note 6) Support Governan 15.442 1,584 13.595 1.200 65,489 49,395 Analysls by fund Unrestricted funds Restrictèd thnds 53.1x4 12,425 48.820 575 65.489 49,395 Support Gtssts allocated to activilies 2025 2024 Stsff ¢051s Depieciatlon Premises Pi#)liTh3 aTrJ stationary Legal and prolessional Governan c4)sts 7,247 1,076 4,714 1.798 607 1,584 6,906 741 3,651 1,713 1,21y) 17,026 14,795 Anatysed botr88n: Total 17.026 14.795 10-
GRACECHURCH BROMSGROVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Net movement Sn funds 2025 2024 The net rnovemenl i) funds is stated after tha[gin{Crediting).' Fees payable for Ihe independent examination of thè (tharitys ffinartial slalements Depreaaiion ofowned tsngitAe red assets 1.584 1.075 1,200 741 Trusts•s None ol the trustees lot any persons connected 7Mh them) recei%d any remuneration or benefits from the charity during the yeai. Employees The average monthly number of empk)yees during the year was.. 2025 Number 2024 Number Employment Costs 2025 2024 Wages and salaries 14,495 13,511 There were no employees whose annual rÈmunerati(m was mCe than £60,tM)O. 10 Taxatlon The charity is exempt from taxalion on its acii¥itss because al ils irmme is appbed fot tharrtaNe purposes. 11
GRACECHURCH BROMSGROVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Tanglble fixed assfrts Flxture8 and tllngs computsr qUIwnt Totsl Co8t At 1 April 2024 Additions Disposals 5,312 1.745 12,701) 8.379 579 17401 13,691 2,324 13.4411 At 31 Mar¢h 2025 4.356 8.218 12,574 Depreclation and impalmient At 1 April 2024 Depre¢iab'on charged in the year Eliminated in respect of disposds 7.548 458 {66DI 12.614 1.075 (3,440) 617 12,7801 Al 31 Marth 2D2S 2.13 7.346 10,249 Camilng amount At 31 March 2025 1.453 872 2,325 At 31 March 2024 245 831 1,076 12 Cr*dltors: amounts falling due within one year 2025 2024 Trade credilors Accruals and deferred InMe 1.088 1.s58 1,650 2,746 3,614 13 Rg$tricted fvnds At 1 April 2024 Incomlng vesourtès Resources At 31 Mar¢h expended 2025 Housing fund Hardship fund 11.792 7.726 17,687 111.9831 14421 17,4 7.284 19.518 17.687 112.4251 24.780 12-
GRACECHURCH BROMSGROVE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Restrictèd funds (Continued) Previous year: At 1 April 2023 Incoming sources Resources At 31 March gxpended 2024 Housing fund Hardship lund 11.099 8,076 918 12251 {3501 11,792 7,726 19.175 918 {5751 19,518 HousiThJ fund- a fund Iu Pfowde supffj for ftrture houng or txjikling proieds. Hardship fund- a fund for use in fyturé Drug and Akohol resKlenti rehabilrtalion servbS. 14 Analysis ol net assets belweon funds Unrestricted funds 2025 Restrlcted funds 2025 Total 2025 At 31 March 202S: Tangible assets Current asset511li8bililies> 2.325 118,457 2.325 143,237 24.780 120.782 24.780 145,562 Unrestricted funds 2024 Restrlcted funds 2024 Totsl 2024 At 31 March 2024: Tangible assets Current assetsllliabilitiesl 1,076 88.605 1.076 108.123 19.518 89.681 19,518 109,199 13-
GRACECHURCH BROMSGROVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 unrestr1¢t fvnds Th& unreslricted lunds of the charily comprise the unexpended balances of donation5 and grants which are not subj¢¢t to specik conditi$ by doncKs and grantors as to how they may be used. These include designated funds which have been set asTrde OLrt of unrestricted funds by thè trustees for specific purp05QS. At 1 April 2024 Incomlng resourc Resour¢e$ •xpended Tran$f¢rs Al 31 March 202S HousiTh3 fund Hardship fund General funds 49.(KKI 3.000 1.000 {4.0001 52,¢)00 2,800 65,982 38.881 84.165 {53,064) 89,681 84.165 {53,Ch841 120,782 Previou$ ar. At l Aprll 21123 Incoming resources Rèsources expÈndÈd Transfers At 31 March 2024 Housing fund Hardship lund General funds 3,000 800 13.8001 49.000 1.800 38,881 45,845 45.656 148.8201 92.845 45.656 148.8201 89.681 Housing fund- lo prowdè support for future hwwg or tHjdij projgxts. Hardship fund- a fvnd for use in fvlure Drug and Alcthd rèsidèntial rehabilitation Seris. 16 Related party tran$a¢tlons The we(e no disclosable relaled party transacaion5 during Ihe year {2024- none).