CHARITY REGISTERED NUMBER:1195358
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TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
DAVID NUGENT & CO LIMITED CHARTERED CERTIFIED ACCOUNTANTS THE COUNTING HOUSE 4A MOSS LANE SWINTON MANCHESTER M27 9SA LEGAL AND ADMINISTRATIVE INFORMATION
Registered Charity Number: 1195358 Chairman: Susannah Gill Treasurer: Peter Lock Trustees: Susannah Gill Johanne Reah Registered Office: Manchester Academy of Gymnastics Astor Road Salford M50 1BB
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| Accountants: | David Nugent & Co Limited |
|---|---|
| Chartered Certified Accountants | |
| The Counting House | |
| 4A Moss Lane | |
| Swinton | |
| Manchester | |
| M27 9SA | |
| Bankers: | HSBC |
| 2-4 St Ann's Square | |
| Manchester | |
| M2 7HD |
FOR THE YEAR ENDED 31ST MARCH 2025
CONTENTS
Page
Trustees report Independent Examiner's Report
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| Statement of financial activities | 4 |
|---|---|
| Detailed analysis of funds | 5 |
| Balance sheet | 6 |
| Notes | 7 |
| TRUSTEES' ANNUAL REPORT |
FOR THE YEAR ENDED 31ST MARCH 2025
The Trustees present their report and the financial statements of the charity for the year ended 31st March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS102) in preparing the annual report and financial statements of the charity.
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 Commission’s guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)’.
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
Recruitment and appointment of trustees the trustees were appointed following a meeting of the founding volunteers 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, Secretary and Treasurer respectively.
Achievements and performance
We have been able to provide outreach services in Manchester City Centre 7 nights per week serving between 100 and 200 hot meals per night along with sandwiches hot and cold drinks as well as providing clothing and toiletries This has improved our impact from the previous 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 supporting homeless people in Manchester and Salford. We raised £27,948 from a variety of charitable fund raisers, donations and grants. Our expenditure during this same period was approximately £31,704, which was spent on essential items for our nightly outreach services such as cooking ingredients, toiletries, equipment, emergency accommodation and food parcels. Overall, this has left us with approximately £12,000 in the bank as at 31st March 2025 to enable the charity to continue to provide these services into 2025 and beyond.
Investment 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
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It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to approximately three months unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs and to respond to applications for grants which arise from time to time. Unrestricted funds were maintained at this level throughout the year.
Accounting and reporting responsibilities
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31ST MARCH 2025
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial period 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 these financial statements, the
trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP 2019 (FRS102);
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in
the financial statements.
- prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provision of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees on 16 April 2026 signed on its behalf by:
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..................................................... Susannah Gill Trustee
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF TWO BREWS
FOR THE YEAR ENDED 31ST MARCH 2025
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31st March 2025 which are set out on pages 4 to 10
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 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 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 examiner's statement
In our opinion the financial statements give a true and fair view of the state of the charity's affairs as at 31st March 2025 and of its incoming resources and applications of resources in the year then ended and have been properly prepared in accordance with the Charities Act 1993.
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........................................ Dated:16th April 2026
David Nugent & Co Limited Chartered Certified Accountants The Counting House 4A Moss Lane Swinton Manchester
M27 9SA
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31ST MARCH 2025
| Total | Total | ||
|---|---|---|---|
| Unrest'd | Funds | Funds | |
| Funds | 2025 | 2024 | |
| £ | £ | £ | |
| Income and endowments from: | |||
| Donations and Legacies | 24,436 | 24,436 | 37,586 |
| Charitable activities | 2,392 | 2,392 | 2,114 |
| –––––– | –––––– | –––––– | |
| Total income and endowments | 26,828 | 26,828 | 39,700 |
| –––––– | –––––– | –––––– | |
| Expenditure on: | |||
| Raising funds | 28,816 | 28,816 | 30,990 |
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| Charitable activities | 7,272 | 7,272 | 8,493 |
|---|---|---|---|
| Other | (1) | (1) | 0 |
| –––––– | –––––– | –––––– | |
| Total resources expended | 36,087 | 36,087 | 39,483 |
| –––––– | –––––– | –––––– | |
| Net movement in funds | (9,259) | (9,259) | 217 |
| Total funds brought forward | £21,557 | £21,557 | 21,340 |
| –––––– | –––––– | –––––– | |
| Total funds carried forward | £12,298 | £12,298 | £21,557 |
| –––––– |
–––––– |
–––––– |
All income and expenditure derive from continuing activities.
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STATEMENT OF FINANCIAL ACTIVITIES
DETAILED ANALYSIS OF MOVEMENTS IN FUNDS
FOR THE YEAR ENDED 31ST MARCH 2025
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| General Fund | ||||||
| Balance B/fwd | 21,557 | 21,340 | ||||
| (Deficit)/Surplus for the period | (9,259) | 217 | ||||
| –––––– | –––––– | |||||
| 12,298 | 21,557 | |||||
| –––––– | –––––– | |||||
| Total funds at 31st March 2025 | £12,298 | £21,557 | ||||
| –––––– |
–––––– |
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BALANCE SHEET
AT 31ST MARCH 2025
| Note | 2025 | 2024 | ||||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| Tangible fixed assets | ||||||
| Tangible assets | 5 | 0 | 5,503 | |||
| Current assets | ||||||
| Debtors | 6 | 927 | 927 | |||
| Bank Accounts | 12,278 | 16,034 | ||||
| –––––– | –––––– | |||||
| 13,205 | 16,961 | |||||
| Creditors | ||||||
| Amounts falling due within | ||||||
| one year | 7 | 907 | 907 | |||
| –––––– | –––––– | |||||
| Net current assets | 12,298 | 16,054 | ||||
| –––––– | –––––– | |||||
| Total assets less current liabilities | 12,298 | 21,557 | ||||
| –––––– | –––––– | |||||
| Net assets | £12,298 | £21,557 | ||||
| –––––– |
–––––– |
|||||
| Capital funds | ||||||
| Unrestricted funds | 12,298 | 21,557 | ||||
| –––––– | –––––– | |||||
| Total funds | £12,298 | £21,557 |
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–––––– ––––––
Approved by the trustees on 16 April 2026 and signed on its behalf.
................................................... Susannah Gill
The annexed notes form part of these financial statements.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
1. Accounting policies
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 (FRS102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), the charities Act 2011 and UK Generally Accepted Practice.
The financial statements are prepared on a going concern basis under the historical convention (modified to include certain items at fair value). The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.
Incoming resources
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Tangible fixed assets and depreciation
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Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: Motor Vehicles 25% per annum on cost
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NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR
~~D ENDED 31ST MARCH 2025~~
2. Income
Unrest'd Total Total Funds Funds Funds
| £ £ £ Donations and Donations and legacies Charitable activities Trading operations 3. Expenditure on raising funds Motor Expense Minor Equipment Clothing Food Waste Rent Bank Charges Donations 660 –––––– 4. Expenditure on charitable activities Charitable activities Travel Accountancy Office Expense Depreciation ~~––––––~~ |
2025 2025 legacies 24,436 24,436 –––––– –––––– 24,436 24,436 –––––– –––––– 2,392 2,392 –––––– –––––– 2,392 2,392 –––––– –––––– 2025 2025 £ £ 5,574 11,246 185 7,271 1,418 2,400 62 1,832 –––––– 28,816 –––––– 2025 2025 £ £ 776 110 864 19 5,503 –––––– 7,272 ~~––––––~~ ~~ENDED 31ST M~~ARCH 2025 |
2024 37,586 –––––– 37,586 –––––– 2,114 –––––– 2,114 –––––– 2024 £ 5,408 10,687 936 8,503 1,169 2,400 55 30,990 –––––– 2024 £ 0 200 954 1,835 5,504 –––––– 8,493 |
|---|---|---|
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NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR
5. Tangible fixed assets
| Plant | |
|---|---|
| and | |
| Machinery | |
| £ | |
| Cost: | |
| At 1st April 2024 | 22,015 |
| –––––– | |
| At 31st March 2025 | 22,015 |
| –––––– | |
| Depreciation: | |
| At 1st April 2024 | 16,512 |
| Charge for the period | 5,503 |
| –––––– | |
| At 31st March 2025 | 22,015 |
| –––––– | |
| Net book value: | |
| At 31st March 2025 | £ 0 |
| –––––– |
|
| At 31st March 2024 | £ 5,503 |
| –––––– |
~~ENDED 31ST MARCH 2025~~
6. Debtors and prepayments
Amounts falling due within one year: 2025 2024
Prepayments and Accrued Income
£ £ 927 927 ––– –––
7. Creditors
| Amounts falling due within one year: - 2025 2024 £ Accrued Expenses |
907 ––––– £ 907 ––––– |
£ 907 ––––– £ 907 ––––– |
|---|---|---|
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NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR