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| |---|---| |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 1 of 10 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 2 of 10 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: 1. 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 3. 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**| |---|---| 3 of 10 ## 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**| |---|---|---| |||| ||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 2. Income from donations and legacies 4 of 10 ## 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**| |---|---| 5 of 10 ## 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**
**)**| |---|---| 6 of 10 ## 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**| |---|---|---| 7 of 10 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**| |---|---| |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| |---|---| ||5,503
16,054
21,557| ||Tangible
fixed assets
Net current
assets /
(liabilities)
Net Assets
£
£
£
11,007
10,333
21,340| ||11,007
10,333
21,340| 8 of 10 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**
**)**| |---|---|---| ||37,586
2,114
39,700
-
**2,114**|| ||-
(38,529)
(95
4)
**(39,483**
~~**)**~~
**(39,483**
~~**)**~~
**217**|| Two Brews ## 10 of 10 This page does not form part of the statutory financial statements