Charity number: 1195358
Two Brews
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 March 2024
Two Brews Contents Page For the year ended 31 March 2024
| Report of the Trustees | 1 to 2 |
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| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 9 |
Detailed Stat8m8nt of Financial Activiti8S 10
Two Brews Report of the Trustees For the year ended 31 March 2024
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 March 2024. The Trustees have adopted the provisions of 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 the Republic of Ireland (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 other charities, or other organisations working to prevent or relieve poverty and homelessness.
Objectives and aims
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
ACHIEVEMENTS AND PERFORMANCE
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 diubled 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 involed with Two Brews.
Investment performance
Aside from retaining a aprudent 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.
FINANCIAL REVIEW
We continued to generate significant revenue to fund our supporting of the homless across Manchester and salford. We raised £39,700 from a combination of charitable fundraisers, donations and charitable grants. Our expenditure during this same period was approximately £39,483, which was spent on essential items for our nightly outreach services such as cooking ingredients, toiletries, equipment and emergency accommodation and food aprcels. Overall, this has left us with approximately £16,000 in the bank as at 31 March 2024 to enable the charity to continue to provide these servicesinto 2024 and beyond.
Reserves
The balance held in unrestricted reserves at 31st March 2024 was £00000 of which £00000 are free reserves, after allowing for funds tied up in tangible fixed assets. The trustess aim to maintain free reserves in unrestricted funds at a level which equates to approximatley three months of unrestricted charitable expenditure. The trustess consider that this level will provide sufficient funds to respond to applications for grants and ensure that support and governance costs are covered.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is a registered charity (CIO Foundation) and is constituted under a trust deed dated 29th July 2021.
Recruitment and 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 Reach and Gary potts were formally appointed as Trustees in the roles of chair, Trustess Secretary and Treasure, repectively.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity Two Brews
Charity registration number 1195358
Principal address Manchester Academy of Gymnastics Astor Road Salford M50 1BB
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Susannah Gill Johanne Reah
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Two Brews Report of the Trustees Continued For the year ended 31 March 2024
David Nugent & Co Limited The Counting House 4A Moss Lane Swinton Manchester M27 9SA HSBC Bank 2-4 St Ann's Square Manchester M2 7HD
Independent examiners David Nugent & Co Limited The Counting House 4A Moss Lane Swinton Manchester M27 9SA Bankers HSBC Bank 2-4 St Ann's Square Manchester M2 7HD Approved by the Board of Trustees and signed on its behalf by ............................................................................. 18 December 2024 Susannah Gill
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Two Brews
Independent Examiners Report to the Trustees For the year ended 31 March 2024
I report to the trustees on my examination of the accounts of the charity for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiners 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 that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
David Nugent FCCA David Nugent & Co Limited The Counting House 4A Moss Lane
Swinton
Manchester M27 9SA
18 December 2024
Statement of Financial Activities For the year ended 31 March 2024
| Notes Income and endowments from: Donations and legacies 2 Other trading activites 3 Total Expenditure on: Raising funds 4/5 Charitable activities 6/7 Total Net income/expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds 2023 £ £ 37,586 21,270 2,114 649 (38,529) (28,353) (954) (852) 217 (7,286) 39,700 21,919 (39,48 3) (29,20 5) 28,6~~2~~ 6 21,3~~4~~ 0 21,557 21,340 |
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Two Brews Statement of Financial Position As at 31 March 2024
| Notes Fixed assets Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income fundsTotal funds The financial statements were approved and authorised for issue by the Board and signed |
2024 2023 £ £ 927 927 16,034 10,451 16,961 11,378 (907) (1,045) 5,5~~0~~ 3 11,0~~0~~ 7 5,503 11,007 16,054 10,333 21,557 21,340 21,557 21,340 21,5~~5~~ 7 21,3~~4~~ 0 21,557 21,340 |
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| on its |
behalf by: Susannah Gill Trustee
18 December 2024
Notes to the Financial Statements For the year ended 31 March 2024
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Charities Act 2011.
Two Brews 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).
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles
25% per annum on cost
- Income from donations and legacies
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Two Brews
| Unrestricted funds Donations received Grants received 3. Income earned from other activities Unrestricted funds Shop income 4. Expenditure on generating donations and legacies Unrestricted funds Support costs |
2024 2023 £ £ 37,586 20,885 - 385 2024 2023 £ £ 2,114 649 2024 2023 £ £ 38,529 31,727 21,270 37,586 649 2,114 38,529 31,727 |
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Two Brews Notes to the Financial Statements Continued
For the year ended 31 March 2024
| 5. Expenditure on other trading activities Fund raising events 6. Costs of charitable activities by fund type Unrestricted funds Support costs 7. Costs of charitable activities by activity type Activity 1 8. Analysis of support costs Governance costs 9. Net income/(expenditure) for the year This is stated after charging/(crediting): |
2024 2023 £ £ - (3,374) 2024 2023 £ £ 954 852 2024 2023 £ £ 954 852 2024 2023 £ £ 39,483 32,579 2024 2023 £ £ - (3,374 ) |
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Two Brews Notes to the Financial Statements Continued For the year ended 31 March 2024
| Depreciation of owned fixed assets Accountancy fees 10. Particulars of employees Employees |
5,504 954 2024 0 0 |
5,504 852 2023 0 |
|---|---|---|
| 0 |
11. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
| 12. Tangible fixed assets Cost or valuation At 01 April 2023 At 31 March 2024 Depreciation At 01 April 2023 Charge for year At 31 March 2024 Net book values At 31 March 2024 At 31 March 2023 13. Debtors Amounts due within one year: Prepayments and accrued income 14. Creditors: amounts falling due within one year |
2024 £ 927 2024 927 |
Motor Vehicles £ 11,008 5,503 2023 £ 927 2023 11,0~~0~~7 927 22,0~~1~~ 5 22,015 5,5~~0~~ 4 16,512 |
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Two Brews Notes to the Financial Statements Continued
For the year ended 31 March 2024
| Trade creditors Accruals and deferred income 15. Movement in funds Purpose of unrestricted Funds General To raise funds to meet the charities objectives. |
£ £ - 138 907 907 907 1,045 |
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| 16. Analysis of net assets between funds Unrestricted funds General General Previous year Unrestricted funds General General |
Tangible Net current Net Assets fixed assets assets / (liabilities) £ £ £ 5,503 16,054 21,557 |
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| 5,503 16,054 21,557 |
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| Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 11,007 10,333 21,340 |
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| 11,007 10,333 21,340 |
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Two Brews
Detailed Statement of Financial Activities For the year ended 31 March 2024
| INCOME AND ENDOWMENT Donations and legacies Donations Grants receivable Other trading activities Shop income Total incoming resources EXPENDITURE Other trading activities Fund raising events SUPPORT COSTS Governance costs Governance costs Governance costs Total resources expended Net Income |
2024 £ 37,586 - |
2023 £ 20,885 385 21,270 649 21,919 3,374 3,374 (31,727) 649 (85 2) (32,579 ~~)~~ (29,205 ~~)~~ (7,286 ) |
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| 37,586 2,114 39,700 - 2,114 |
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| - (38,529) (95 4) (39,483 ~~)~~ (39,483 ~~)~~ 217 |
Two Brews
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This page does not form part of the statutory financial statements