1 **TWO BREWS** ## **Report of the trustees for the year ended 31[st] March 2023** The trustees present their annual report and financial statements of the charity for the year ended 31[st] March 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and 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 published (FRS 102) (effective 1 January 2019). ## **Objectives and activities** The purposes of the charity are the prevention or relief of poverty and homelessness in Manchester and Salford by the provision of outreach and support services to individuals in need and/or charities, or other organisations working to prevent or relieve poverty and homelessness. ## **A review of our achievements and performance: How our activities delivered public benefit** We have been able to provide outreach services in Manchester City Centre 7 nights per week serving between 100 to 200 hot meals per night along with sandwiches, hot and cold drinks as well as providing clothing and toiletries. This has doubled our impact from the prior year. We have also been able to place several of our service users into either temporary or permanent accommodation which has been a highlight for all involved with Two Brews. ## **Financial review** We continued to generate significant revenue to fund our supporting of the homeless across Manchester and Salford. We raised £24,000 from a combination of charitable fundraisers, donations and charitable grants. Our expenditure during this same period was approximately £13,700, which was spent on essential items for our nightly outreach services such as cooking ingredients, toiletries, equipment and emergency accommodation and food parcels. Overall, this has left us with approximately £10,300 in the bank as at 31 March 2023 to enable the charity to continue to provide these services into 2023 and beyond. ## **Investment powers and policy** Aside from retaining a prudent amount in reserves each year, most of the charity's funds are to be spent in the short term so there are few funds for any longer-term investment. ## **Reserves policy and going concern** The balance held in unrestricted reserves at 31[st] March 2023 was £21,340 of which £10,333 are free reserves, after allowing for funds tied up in tangible fixed assets. The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure. The trustees consider that this level will provide sufficient funds to respond to applications for grants and ensure that support and governance costs are covered. 2 **TWO BREWS** ## **Risk management** The trustees have conducted a review of the major risks to which the charity is exposed and systems have been established to mitigate those risks. ## **Plans for Future Periods** We intend to continue to provide outreach services 7 nights per week as we are seeing new service users each week, so the need for our services is continuing to grow continuously. Our significant growth in the past 12 months has enabled us to provide more support than ever. We would also like to continue to work with other local charities and outreach groups including sharing resources, food donations and ideas to enable us all to provide the best outreach services possible. ## **Structure, governance and management** The Charity is a registered charity (CIO Foundation) and is constituted under a trust deed dated 29th July 2021. ## **Appointment of trustees** The Trustees were appointed following a meeting of the founding volunteers of Two Brews where each volunteer was given the opportunity to nominate themselves to become a Trustee. Following this Susannah Gill, Johanne Reah and Gary Potts were formally appointed as Trustees in the roles of Chair, Trustee Secretary and Treasurer, respectively. ## **Trustee induction and training** New trustees familiarise themselves with the roles and responsibilities of trustees as set out by the Charity Commission. ## **Reference and administrative information** Charity Name: Two Brews Charity Number: 1195358 ## **Trustees** Susannah Gill Chair Johanne Reah Trustee Secretary Gary Potts (resigned February 2023) Alasdair Malcolm Treasurer (appointed February 2023) ## **Principal Office** Manchester Academy of Gymnastics Astor Road Salford M50 1BB 3 **TWO BREWS** ## **Independent Examiners** Community Accountancy Service Limited The Grange Pilgrim Drive Beswick Manchester M11 3TQ ## **Bankers** HSBC Bank 2-4 St Ann’s Square Manchester M2 7HD ## **Trustees responsibilities in relation to the financial statements** The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to: - Select suitable accounting principles and then apply them consistently; - Observe the methods and principles in the applicable Charities SORP; - Make judgments and estimates that are reasonable and prudent; - State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements; - Prepare the financial statements on a going concern basis unless it is appropriate to presume that the charity will not continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provision of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees on and signed on their behalf by: Susannah Gill CHAIR of TRUSTEES TWO BREWS FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Regtster￿I Charity No. 1195358 TWO BREWS INDEX ONTENT TRU5fEES ANNUAL REPORT INDEPENDEN[ EXAMINERS REPORT ATEMENT OF FINANCLALACTivmE5 BAiANCE SHEET StATEMENT OF CASH FLOWS 8-14 NOTESTO THE ACCOUNTS T¥VO BREWS Report of the trustees for the year onded 31st March 2023 The trustees present their annual report and financial statements of the charity for the year ended 31 St March 2023. The financial statements have been prepared in accordance with the accounting policES set out in note 1 to the accounts and comply with the charity's trust deed, Ihe Charities Act 2011 and Accounting and Reporting by Chartties: 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 published (FRS 102) (effective 1 January 2019). Objectives and activities The purposes of the charity are the prevention or relief of poverty and homelessness in Manchester and Salford by the provision of outreach and support services to individuals in need andlor charities, or other organisations working to prevent or relieve poverty and homelessness. A review of our achievements and perfornianco: How our activities delivered publSc benefit We have been able to provide outreach SeNi￿S in Manchestsr City Centre 7 nights per week serving between 100 to 200 hot meals per night along with sandwiches, hot and cold drinks as well as providing clothing and toiletries. This has doubled our impact from the prior year. We have also been able to place several of our Se￿1￿ users into either temporary or pemianent accomm(MJation which has been a highlight for all involved with Two Brews. Financial review We continued to generate sunificant revenue lo fund our supporting of the homeless across Manchester and Salford. We raised £24.000 from a combination of charitable fundraisers. donations and chantable grants. Our expenditure during this same period was approximately £13,700, which was spent on essential items for our nightly outreach SeNi￿S such as cooking ingredients, toiletries, equipment and emergency accommodation and focxj par￿ls. Overall, this has left us wth approximately £10,300 in the bank as at 31 March 2023 to enable the charity to continue to provide these seNices into 2023 and beyorKI. Investment powers and policy Aside from retaining a prudent amount in reserves each year, most of the charity's funds are to be spent in the short tenn so there are few fijnds for any longer-tem investment. Reserves policy and going concern The balance held in unrestricted reseNes at 31 st March 2023 was £21.340 of which £10,333 are free reserves. after allowing for funds tied up in langible fixed assets. The trustees airn to maintain fr￿ reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure. The trustees consider that this level will provide sufficient funds to respond to applications for grants and ensure that support and governan￿ costs are covered. TWO BREWS Risk management The trustees have conducted a review of the major risks to which the charty is exposed and systems have been estsblished to rn￿ate those risks. Plans for Future Periods We intend to continue to provide outreach services 7 nights per week as Y￿ are S￿ing new Servi￿ users each week, so the need for our services is continuing to grow continuously. Our signifunt grovrth in the past 12 months has enabled us to provide more support than ever. We would also like to continue to work wrth other local charities and outreach groups including sharing resour￿$. food donations and Kleas to enable us all to provide the best outreach services possible. Structure, governanc• and management The Charity is a registered charty (CIO Foundation) and is constrtuted under a trust deed dated 29th July 2021. Appolntment of trustees The Trustees were appointed following a meeting of the founding volunteers of Two Brews where each volunteer was given the opportunity to nominate themselves to become a Truslee. Following this Susannah Gill, Johanne Reah and Gary Potts were formally appointed as TNstees in the roles of Chair. TNstee Secretsry and Treasurer, respectively. Trustee induction and training New trustees familiarise themselves with the roles and responsibilities of trustees as set out by the Charity Commission. Reference and administrative infomiation Charity Name: Two Brews Charity Number.. 1195358 Trustees Susannah Gill Johanne Reah Gary Potts Alasdair Malcolm Treasurer Chair Trustee Secretsry (resigned February 2023) {appointed February 2023) Principal Office Manchester Academy of Gymnastics Astor Road Salford M501BB TWO BREWS Independent Examiners Community Accountancy Service Limited The Grange Pilgrim Drive Beswick Manchester M113TQ Bankers HSBC Bank 24 St Ann's Square Manchester M2 7HD Trustses responsibilities in relation to the financial statemonts The charity trustees are responsible for preparing a trustees, annual report and financial statements in accordan￿ with applicab￿ law and Unrted Kingdom Accounting Standards (United Kingdom Generally Accepted Accounts'ng practi￿). The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a Irue and fair view of the stste of affairs of the charity and of the incoming reSoUr￿S and application of resources, of the charity for that period. In preparing the financial statements. the trustees are required to: Select suitable accounting prinCip￿S and then apply them consistently" Obseprfe the methods and principles in the applicable Charities SORP. Make judgments and estimates that are reasonable and prudent; State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements; Prepare Ihe financial statements on a going con￿rn basts unless it is appropriate to presume that the chanty will not conts.nue in business. The Irustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. the applicable Charities (Accounts and Reports) Regulations. and the provision of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees on 22TrJ January 2024 and signed on their behalf by.. Susannah Gill CHAIR of TRUSTEES INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF TWO BRF.WS REGISTERED CHARITY NO. 1195358 I report on the accounts of the charity. for the year Cnded 31$1 March 2023 which are set out on pages 5 to 14. Respective Responsibilities of Trustees and Examiner The charity'5 tn￿tee5 are responsibl¢ for lh¢ preparation of the accounts. The charity trustees Consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity is preparing accwed accounts and l am qualified to undertake the examination by being a qualified member of th¢ Association of Chart¢red Certified Accountants. It is my responsibility to: Examine the accounts under section 145 of ihe 2011 Act; follow the procedures laid down in the general Direclions given by the Charity Commisston under section 145(5Kb) of the 2011 Act" and To stale whether partleular matters have come to my attention. Basis of Independent Examiners Report My ¢xamination was ¢arri¢d out in a¢cordan¢e with the General Directions given by the Cl]arity Cotnmissiott. An examination includes a [e￿ieW0fthe accounting recoids kept by the charity and a comparison of the accounts presenied with ihose records. It also includes consideralion of any unusual items or disclosures in ihe accounts, and seeking explanations from you &s trustees oncerning any such matters. The pro¢￿ur¢S undertaken do not provide all the evidence that would be required in an audiL and consequently no opinion is given &s to whether the accounts present a "true and fair view- and the reRX)rt is limited to thos¢ matters sel out below. Independent Examiner's Statement In connection with my examinatiorn no matter h&s come lo my att¢ntion: (l) which gives me reasonable cause to I￿lieVe thal in any material respect the requirements.. to keep accounting records have in accordan¢¢ with srttion 130 of the 2011 Act: and to prepare accounts which accord the accounting ffcords and to comply with the accounting requirements of the 2011 ACL have not been met. or {2) to which. in my opinion, atteniion should be drawn in order to enable aproper understanding of the accounls to be reached. AM King FCCA Date.. 22 January 2024 Community Accountancy Service Ltd The Grange. Pilgrim Drive, BeS￿ry¢k, Manchester. Ml13TQ TATEMENT F FIPWIC￿L INCLUDING INCOME A EXPENDI RE ACCOUN Total FundB Year End•d 31 klarch Penod Endèd 2023 31 M•r¢h 2022 FurK15 FuTh1s Fthr Detsl flom: Donabons and CharitableActivit (Xhei Tfadiry ActNibes Total (31 141 151 21.534 3.759 21.534 3.759 29,080 9,C63 25.293 25.293 38.143 Exp•ndiknsr• on: Rai￿ng Funds charitab￿ ALINrt Other 161 161 161 1.025 31.554 1.025 31,554 167 17.098 32,579 32.579 17.265 Net 1nccrfexpend￿urn1 (7,2861 17,2861 20.878 Transfers bell￿￿ fvrKIs 117) Net Mo¥wn￿t In fvnds 17.2361 17.2861 20,878 R•¢¢￿¢111¥¢10Th of Funds introduced Total fvnds brought foThYdrd Total funds ¢atri¢d forY4rd 1171 7.748 28.626 21.340 28.626 2L340 28,626 The staternent of fin¥csal *rvths inclth all gain5 arKI k)55es in the ￿r. AM in¢¢ming re￿r￿ and Th• nctss on 810 14fcffii part 0fth￿ accounts. ESH AT CH 2023 2023 2022 Tangib￿ assets Total fixed assets 11.U)7 11.TrJ7 16.511 16.511 Curr•n¢•s*s: Slocks Debtor5 Cash at Bank & in H¥d T¢Xal cJJrrent a55ets 112) 927 10.451 11.378 749 12.206 12,955 Lhbllltigs= Crgjrtors". Amounts fallirffJ due thin ￿)e year 1141 Net curr8nt assets or IiBbilit*S 10,333 12.115 Total 8ssets *ss ￿rrent Ikibi*trS 21.340 28.626 Crtdbtrjrs.. Amourts fall1r￿ duo aftw more than cffje Jpar Provi810￿ for ￿"a￿lIt T¢*1 net a5¥8ts or Ilablll¥•• 21,340 28.626 Th• l￿dI tslth• ctwity: Restritted income funds 117) Llnrestricted IKomefund5 117 21,340 28.626 Trtal charltyfund5 21,340 28.62fj Apyoved on tehaw ofthe Tojstees Sussrwh G Al*la* 22nd January 2024 The notes th paye$ 8 to 14 forrn part oftw XCA)UftlS. Ybar Ermled 31 Endod 31 IAarch 2023 March 2022 Net movefflent in funds Add back depreciation Deduct investment income Decrease/lirKreasel in stocks D￿rease/11nCrtra*È1 in debtors Increa5ellde(Tea*l in credit￿$ (7,2861 20,878 11781 205 (7491 Net cash used In aEIMttes 11,7551 26.473 Cash trom 1nv•8tsn¢nto¢Uvi￿. Interest Purch88e of fExed 8888ts 122,0151 (22,0151 In¢w￿l￿ec￿￿el in Gqsh aThJ cash equNalents (*Jring the (1,7551 4,458 Funds Introduced Cash cash equN8lents bro￿ht fcfivard 7.748 12,2C6 Ctsh •nd ¢•sh equ￿11ents cwrled forward 10.451 12.2C6 l. Accounting pofiae5 lal Bays of preparation assessmert of￿1ry (or*em The xcounts lfinancial statements) have been prepared underthe hist￿¢31 cost convenknM ￿ ttem5 recognised at cost ortrènsaction Val￿ unless otheTh%y5e stated in the relevant rvxestothese accwTrts. The financial 5tat¢Ynent5 have been prepared in accordancewith the Ststemeni of Re(ornmended Pr&tb£È'. kcountiTrg and Reporting by Charitye5 2019 prepaTinE their accounts in accordance with the FinarKial Repcrtin8 Stsndard aP￿liable in LIK and Republic of Irdand IFRS 1021 issued on Istjanuary 2019 and the Fina￿la1 Reportin8Standard ap￿icable in the United KinBdom and Republic of Ireland IFftS 1021 and the Charitie5 Art 2011. The charity constitutes 3 Put￿1£ benefit entity asdefined by FR5 102. The truslee5 considerthatthere are rbD material ￿CertainlIes3br￿ftthe tharity'5 abilityto continuE35 a 8L¥ngcorKem. Ibl Funds Str￿tyre Restricted funés hTe whirh a￿t0 ￿ used in accordance*ith specffK re5thctir￿s1rnpOSed ty the donorc trust deed. There are no restricted fund5. Unrestrfrted incornehjnds comprise ltr￿ fundswhKhthetnrtees aref￿et0 ￿fvany Purr￿ In fvrtheran￿ of the ch•ritableobjÈtts. UNÈstrirted funds Indude deY￿ated fvnd5wheretlEtru5tÈs at theirthscreiion. have ¢reètÈd a fund fora speafic purpose. Furtherdetails of exh fund are dixlosed in rkn)te 17. l¢1 Intome retagnltl All income is re£oEni5ed orKethe tharityhasentiderr￿rttothÈ1￿oMe. r(is w(thblethat the ¥K0￿￿11 celved and the amount of income receivable can berr*a5ured rella￿v. Donations are ￿£08nised when the charity has been notrfied in writin¥of both the amount and settkment dale. In the eventtw a donation is subjettto£onditiOnS ihat require a level of perf0rrnan￿ befO￿theth3r1ty isentTUed to the fund5, the ini(mÈ is deferred ané Mt recognised until either those condition5 are fvlty met, orthefulfilment of those condition5 is whdlywthin thÈ tontr(A of the Ch￿￿and it is PTc&èblethatth05e condition5 will be fuffilled in the rewrtingperi¢xl. Interest on fvnds held on dep051t 15 incl￿￿ Wh￿ retet¥èble and the amount can ie rneasureil reli¥iAybythe charity- this is normally upon notification of the interest paid or payaNe bythe ￿nk. Dividendsare recognised oncethe dividend has been dedared and notfficatIc￿ ha5 been recv4td of the dY￿der*I d￿. Idl Expendlture Re(08￿¢10n Liaknlitie5 are r￿￿&￿ised asexwnditufe as as there is a leEal orcon5trwtive ¢)bligat40n comrnthng the charty to that exFenditure. it isprobable that 5ettlemEnt will be required and the amount of the otligattonran be measured rel¢ablv. l expendtture isaccounted for on an accrua15 ba￿5. All exppnses includinBSUPPOrt costsand wemance c05ts¥e all¢£ated or aFg0rtioned to the 3pplicaNe ewditure heading* F(Ymore informaknon on thisattribution refer to ￿te In below. lel IrrEcover4ble VAT Irrecoverable VATi5 tharged aBain5tthÈ ÈxpeThJiture he3thn8fortwhKh li was incwred. Support£05ts have bÈen allocated behveen E￿erna￿e costs and 0thersuprrfci￿ts. Go¥ernarKe tosts comprfseall Costs involwng the puWi¢ ac¢ountatxltty of the tharity and Itscom￿lance with re8UlatI￿ and gtxxl prxtice. These costs include costs related to independent ey2minatson and legal leestceether wth an apK￿￿rTren1 of ¢)¥ert*4d and support costS_ Govern•rKe ¢J