CHARITY REGISTRATION NUMBER: 1198470
THRIVE
Unaudited Financial Statements
31 March 2025
S J ACCOUNTING SERVICES (NE) LTD
THRIVE
Financial Statements
Year ended 31 March 2025
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 |
THRIVE
Trustees' Annual Report
Year ended 31 March 2025
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025.
Reference and administrative details
Registered charity name THRIVE Charity registration number 1198470 Principal office 64 Somerset Road Norton Stockton on Tees TS20 2ND The trustees BH Hungin S Mulrine VJ McGowan J Robertson J Harrison L Young HL Mew Independent examiner SJ Accounting Services (NE) Limited 3 Galava Walk Ingleby Barwick Stockton on Tees TS17 5JD
Structure, governance and management
THRIVE is a Charitable Incorporated Organisation (CIO), incorporated on 31 March 2022 and is governed by a constitution which was adopted on 31 March 2022. The CIO is governed by an Executive Committee
Objectives and activities
The object(s) of the CIO are
(1) to relieve poverty and its effects in the borough of Stockton-on-Tees, Middlesbrough and Hartlepool. (2) to prevent or relieve poverty through undertaking and supporting research, on a national level, into factors that contribute to poverty and the most appropriate ways to mitigate these.
Nothing in this constitution shall authorise an application of the property of the CIO for the purposes which are not charitable in accordance with (section 7 of the Charities and Trustee Investment (Scotland) Act 2005) and (section 2 of the Charities Act (Northern Ireland) 2008).
1
THRIVE
Trustees' Annual Report (continued)
Year ended 31 March 2025
Achievements and performance
Thrive are a well-established, highly regarded and well-connected anti-poverty charity based in Teesside. The charity works locally, regionally and nationally to ensure that lived expertise of poverty and socio-economic disadvantage are included in debates that can lend themselves to ensuring positive local and national responses to the issues faced in communities. Our community is diverse, in that we have people who are reliant on benefits, are in low paid jobs, are carers, live with disabilities and health issues and feel silenced in debates and decisions that impact on their lives. The charity continually ensures lived experience of poverty and socio-economic disadvantage are at the forefront of all initiatives and projects that are developed and use reflective practices to guarantee the approaches adopted are fit for purpose.
The work of the charity over the past 12 months has responded to the needs evident within low-income and disadvantaged communities. New partnerships have developed; existing initiatives and activities have become embedded and Thrive has become an active and visible presence in Hartlepool.
Success has meant different things to different people. Thrive' ethos has never been to do for others but create spaces whereby people have the confidence, knowledge and support to enable them to drive forward positive change. This 'change' is often a journey based on what is important to the community and can alter as the journey progresses.
The following summarises some of the key successes and achievements over the past 12 months. These achievements have only been made possible through collaborations with partners and community members.
Locally:
-
Thrive has dedicated time connecting with the community in Hartlepool embedding a participatory approach, developing relationships of trust and building confidence through a range of opportunities developed by the communities themselves.
-
Developed an outside space in a specific disadvantaged neighbourhood in Hartlepool, connecting with the local primary school and developing the 'Little Voices, Eco Club'
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Supporting the growth of the community shop which meets needs, offers choice and ensures dignity for low-income households.
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Has embedded the Hartlepool Poverty Truth Commission: working with community commissioners and civic/business leaders with 3 work streams: community spaces, access to services and housing
-
Launched the 'Say it With Flowers' campaign https:
-
Launched the 'Schools Out Take Them Out' campaign
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Facilitate the Hartlepool Poverty Action Steering group - ensuring community voice and insight can influence local responses to the issue faced. Having responsibility for ensuring the delivery of the Hartlepool Anti-Poverty Strategy, specifically leading on 'voice', 'making work the route out of poverty - the youth journey' and 'best start in life'
Nationally
Poverty2Solutions:
" As part of 1ForEquality and government office to support drafting the guidance for implementation of the Socio-Economic Duty - ensuring implementation is meaningful and with people who suffer socioeconomic disadvantage
" Finalised a piece of research: 'Collaborating for Change: participatory policy making, strengths, weaknesses and opportunities'
" Submitted a report (Right to Social Security) and attended the United Nations in Genva to present this report at the International Convention on Economic, Social and Cultural Rights (ICESCR)
APLE (Addressing Poverty with Lived Experience)
" Thrive have been instrumental with regards to taking APLE on their journey of formalising as a CIO. Thrive have facilitated this participatory governance process.
" This past year has progressed the work relating to a European comparative piece of research with
2
THRIVE
Trustees' Annual Report (continued)
Year ended 31 March 2025
Kings College London and Kent University. The purpose of the project is to understand what makes the experience of claiming benefits in one system better than another system. Most research has looked at whether these systems reduce poverty and encourage people to work, but from speaking to claimants, we know that other things matter too - e.g. whether benefits provide dignity, security and feel fair. Thrive, as part of a wider participating group, want to make these experiences visible, and see how they compare across five countries (UK, Estonia, Hungary, Norway and Spain), and to use these to make experiences better in the UK and beyond. Thrive facilitated 3 workshops and have supported the compilation of the research findings.
GRIPP (Growing Rights Instead of Poverty Partnership)
" Thrive's position and participation in GRIPP has grown and flourished.
" Thrive have established themselves as a core member of GRIPP - facilitating the Trunk (governance group); submitting articles by our Thriving Women (poets) to voice issues relating to human rights and benefits; writing articles for ICESCR (International Covenant for Economic, Social and Cultural Rights)
This has been a year of growth, learning and embedding.
Financial review
The Statement of Financial activities shows the total reserves stand at £153,012 with £100,062 being unrestricted funds and £73,887 being free reserves.
Reserves Policy
The trustees aim is to expend all funds on their charitable objects; however, they recognise the need to maintain a certain level of reserves as a cushion against possible future difficulties. Free reserves at the level of 6 months running costs would allow the charity to continue it's operations while alternative funding sources were sought.
The trustees' annual report was approved on 26[th] August 2025 and signed on behalf of the board of trustees by:
BH Hungin Trustee
3
THRIVE
Independent Examiner's Report to the Trustees of THRIVE
Year ended 31 March 2025
I report on the financial statements for the year ended 31 March 2025, which comprise the statement of financial activities, statement of financial position and the related notes.
Respective responsibilities of trustees and examiner
The trustees are responsible for the preparation of the financial statements. The 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.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the next statement.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the 2011 Act, and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
-
have not been met, or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
SJ Accounting Services (NE) Limited Independent Examiner
3 Galava Walk Ingleby Barwick Stockton on Tees TS17 5JD
4
THRIVE
Statement of Financial Activities
Year ended 31 March 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 20,138 | 135,921 | 156,059 | 219,096 |
| Charitable activities | 5 | 5,500 | – | 5,500 | 5,408 |
| ---------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total income | 25,638 | 135,921 | 161,559 | 224,504 | |
| ============================ | ================================ | ================================ | ================================ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 6,7 | 36,276 | 160,061 | 196,337 | 158,367 |
| ---------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total expenditure | 36,276 | 160,061 | 196,337 | 158,367 | |
| ============================ | ================================ | ================================ | ================================ | ||
| ---------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Net (expenditure)/income | (10,638) | (24,140) | (34,778) | 66,137 | |
| ============================ | ================================ | ================================ | ================================ | ||
| Transfers between funds | 11,650 | (11,650) | – | – | |
| ---------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Net movement in funds | 1,012 | (35,790) | (34,778) | 66,137 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 99,050 | 88,740 | 187,790 | 121,653 | |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | 100,062 | 52,950 | 153,012 | 187,791 | |
| ================================ | ================================ | ================================ | ================================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 16 form part of these financial statements.
5
THRIVE
Statement of Financial Position
31 March 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 12 | 615 | 924 |
| Current assets | |||
| Debtors | 13 | – | 7,133 |
| Cash at bank and in hand | 153,168 | 180,935 | |
| -------------------------------- | -------------------------------- | ||
| 153,168 | 188,068 | ||
| Creditors: amounts falling due within one year | 14 | 771 | 1,201 |
| -------------------------------- | -------------------------------- | ||
| Net current assets | 152,397 | 186,867 | |
| -------------------------------- | -------------------------------- | ||
| Total assets less current liabilities | 153,012 | 187,791 | |
| -------------------------------- | -------------------------------- | ||
| Net assets | 153,012 | 187,791 | |
| ================================ | ================================ | ||
| Funds of the charity | |||
| Restricted funds | 52,950 | 88,742 | |
| Unrestricted funds | 100,062 | 99,050 | |
| -------------------------------- | -------------------------------- | ||
| Total charity funds | 16 | 153,012 ================================ |
187,792 ================================ |
These financial statements were approved by the board of trustees and authorised for issue on 26[th] August 2025, and are signed on behalf of the board by:
BH Hungin Trustee
The notes on pages 7 to 16 form part of these financial statements.
6
THRIVE
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 64 Somerset Road, Norton, Stockton on Tees, TS20 2ND.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
7
THRIVE
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
8
THRIVE
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings - 20% straight line Equipment - 20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
9
THRIVE
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Financial instruments (continued)
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donations type | 1 | 4,453 | – | 4,453 |
10
THRIVE
Notes to the Financial Statements (continued)
Year ended 31 March 2025
4. Donations and legacies (continued)
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Grants | |||
| JRF- Poverty 2 Solutions | – | 56,125 | 56,125 |
| APLE JRF Reimbursed expenses | – | 29,664 | 29,664 |
| Tudor Trust | – | – | – |
| Hartlepool Poverty Truth | – | 12,000 | 12,000 |
| Nuffield Ada Lovlace | – | – | – |
| Thirteen Community Fund Grant | – | – | – |
| Turn 2 Us Charity | – | – | – |
| Voices of Hartlepool | – | – | – |
| Wales Policy Team Reimbursed Expenses | – | – | – |
| GRIPP | – | 15,232 | 15,232 |
| SBC Peer Led Project | – | – | – |
| Awards 4 All | – | 17,900 | 17,900 |
| Amnesty International | – | 5,000 | 5,000 |
| Kings College | 15,685 | – | 15,685 |
| ---------------------------- | -------------------------------- | -------------------------------- | |
| 20,138 | 135,921 | 156,059 | |
| ============================ | ================================ | ================================ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Donations | |||
| Donations type 1 | 2,696 | – | 2,696 |
| Grants | |||
| JRF- Poverty 2 Solutions | – | 70,330 | 70,330 |
| APLE JRF Reimbursed expenses | – | 39,740 | 39,740 |
| Tudor Trust | – | 36,667 | 36,667 |
| Hartlepool Poverty Truth | – | 33,450 | 33,450 |
| Nuffield Ada Lovlace | – | 10,127 | 10,127 |
| Thirteen Community Fund Grant | 600 | – | 600 |
| Turn 2 Us Charity | 600 | – | 600 |
| Voices of Hartlepool | – | 20,000 | 20,000 |
| Wales Policy Team Reimbursed Expenses | – | 1,791 | 1,791 |
| GRIPP | – | 2,600 | 2,600 |
| SBC Peer Led Project | – | 495 | 495 |
| Awards 4 All | – | – | – |
| Amnesty International | – | – | – |
| Kings College | – | – | – |
| ----------------------- | -------------------------------- | -------------------------------- | |
| 3,896 | 215,200 | 219,096 | |
| ======================= | ================================ | ================================ |
11
THRIVE
Notes to the Financial Statements (continued)
Year ended 31 March 2025
5. Charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Other income from charitable activities | ||||
| type 1 | 5,500 | 5,500 | 5,408 | 5,408 |
| ======================= | ======================= | ======================= | ======================= | |
| Expenditure on charitable activities by fund type | ||||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Activity type 1 | 31,991 | 160,061 | 192,051 | |
| Support costs | 4,285 | – | 4,286 | |
| ---------------------------- | -------------------------------- | -------------------------------- | ||
| 36,276 | 160,061 | 196,337 | ||
| ============================ | ================================ | ================================ | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Activity type 1 | 24,567 | 129,515 | 154,084 | |
| Support costs | 4,284 | – | 4,283 | |
| ---------------------------- | -------------------------------- | -------------------------------- | ||
| 28,851 | 129,515 | 158,367 | ||
| ============================ | ================================ | ================================ | ||
| Expenditure on charitable activities by activity type | ||||
| Activities | ||||
| undertaken | Support | Total funds | Total fund | |
| directly | costs | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Activity type 1 | 192,051 | – | 192,051 | 154,084 |
| Governance costs | – | 4,286 | 4,286 | 4,283 |
| -------------------------------- | ----------------------- | -------------------------------- | -------------------------------- | |
| 192,051 | 4,286 | 196,337 | 158,367 | |
| ================================ | ======================= | ================================ | ================================ | |
| Net (expenditure)/income | ||||
| Net (expenditure)/income is stated after charging/(crediting): | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Depreciation of tangible fixed assets | 309 | 309 | ||
| ============== | ============== | |||
| Independent examination fees | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial statements | 720 | 720 | ||
| ============== | ============== |
6. Expenditure on charitable activities by fund type
7. Expenditure on charitable activities by activity type
8. Net (expenditure)/income
9. Independent examination fees
12
THRIVE
Notes to the Financial Statements (continued)
Year ended 31 March 2025
10. Staff costs
| The total staff costs and employee benefits for the reporting period are analysed as | The total staff costs and employee benefits for the reporting period are analysed as | follows: |
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Wages and salaries | 38,118 | 65,299 |
| Social security costs | 2,915 | 7,030 |
| Employer contributions to pension plans | 805 | 1,785 |
| ---------------------------- | ---------------------------- | |
| 41,838 | 74,114 | |
| ============================ | ============================ |
The average head count of employees during the year was 3 (2024: 3).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
11. Trustee remuneration and expenses
- no remuneration or other benefits from employment with the charity or a related entity were received by the trustees; or
12. Tangible fixed assets
| Fixtures and | |||
|---|---|---|---|
| fittings | Equipment | Total | |
| £ | £ | £ | |
| Cost | |||
| At 1 April 2024 and 31 March 2025 | 229 | 1,312 | 1,541 |
| ============== | ======================= | ======================= | |
| Depreciation | |||
| At 1 April 2024 | 92 | 525 | 617 |
| Charge for the year | 46 | 263 | 309 |
| -------------- | ----------------------- | ----------------------- | |
| At 31 March 2025 | 138 | 788 | 926 |
| ============== | ======================= | ======================= | |
| Carrying amount | |||
| At 31 March 2025 | 91 | 524 | 615 |
| ============== | ======================= | ======================= | |
| At 31 March 2024 | 137 | 787 | 924 |
| ============== | ======================= | ======================= | |
| Debtors | |||
| 2025 | 2024 | ||
| £ | £ | ||
| Prepayments and accrued income | – | 7,133 | |
| ============== | ======================= | ||
| Creditors: amounts falling due within one year | |||
| 2025 | 2024 | ||
| £ | £ | ||
| Trade creditors | 51 | 687 | |
| Accruals and deferred income | 720 | 462 | |
| Other creditors - desc in a/cs | – | 52 | |
| -------------- | ----------------------- | ||
| 771 | 1,201 | ||
| ============== | ======================= |
13. Debtors
14. Creditors: amounts falling due within one year
13
THRIVE
Notes to the Financial Statements (continued)
Year ended 31 March 2025
15. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £805 (2024: £1,785).
16. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| At | 31 March 20 | ||||
| 1 April 2024 | Income | Expenditure | Transfers | 25 | |
| £ | £ | £ | £ | £ | |
| General funds | 75,884 | 25,638 | (36,276) | 8,641 | 73,887 |
| Redundancy Reserve | 23,166 | – | – | 3,009 | 26,175 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | -------------------------------- | |
| 99,050 | 25,638 | (36,276) | 11,650 | 100,062 | |
| ============================ | ============================ | ============================ | ============================ | ================================ | |
| At | |||||
| At | 31 March 20 | ||||
| 1 April 2023 | Income | Expenditure | Transfers | 24 | |
| £ | £ | £ | £ | £ | |
| General funds | 80,073 | 9,304 | (28,851) | 15,358 | 75,884 |
| Redundancy Reserve | 17,180 | – | – | 5,986 | 23,166 |
| ---------------------------- | ----------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 97,253 | 9,304 | (28,851) | 21,344 | 99,050 | |
| ============================ | ======================= | ============================ | ============================ | ============================ |
14
THRIVE
Notes to the Financial Statements (continued)
Year ended 31 March 2025
16. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| At | 31 March 20 | ||||
| 1 April 2024 | Income | Expenditure | Transfers | 25 | |
| £ | £ | £ | £ | £ | |
| Tudor Trust | 9,168 | – | (9,168) | – | – |
| Voices of Hartlepool | 17,877 | – | (8,372) | – | 9,505 |
| Ada Lovelace | – | – | – | – | – |
| JRF Supervision | 6,150 | – | – | (6,150) | – |
| JRF- Poverty 2 | |||||
| Solutions | 33,972 | 56,125 | (58,375) | – | 31,722 |
| APLE JRF Reimbursed | |||||
| expenses | – | 29,664 | (25,009) | (3,000) | 1,655 |
| Awards 4 All | – | 17,900 | (17,430) | – | 470 |
| CDCF Poverty Hurts | – | – | – | – | – |
| Hartlepool Poverty Truth | 21,573 | 12,000 | (33,573) | – | – |
| GRIPP | – | 15,232 | (7,857) | (2,500) | 4,875 |
| Amnesty International | – | 5,000 | (277) | – | 4,723 |
| SBC Peer Led Project | – | – | – | – | – |
| Wales Policy Team | – | – | – | – | – |
| ---------------------------- | -------------------------------- | -------------------------------- | ---------------------------- | ---------------------------- | |
| 88,740 | 135,921 | (160,061) | (11,650) | 52,950 |
|
| ============================ | ================================ | ================================ | ============================ | ============================ | |
| At | |||||
| At | 31 March 20 | ||||
| 1 April 2023 | Income | Expenditure | Transfers | 24 | |
| £ | £ | £ | £ | £ | |
| Tudor Trust | 8,330 | 36,667 | (35,829) | – | 9,168 |
| Voices of Hartlepool | – | 20,000 | (2,121) | – | 17,879 |
| Ada Lovelace | – | 10,127 | (4,882) | (5,245) | – |
| JRF Supervision | 6,150 | – | – | – | 6,150 |
| JRF- Poverty 2 | |||||
| Solutions | – | 70,330 | (34,737) | (1,621) | 33,972 |
| APLE JRF Reimbursed | |||||
| expenses | – | 39,740 | (28,990) | (10,750) | – |
| Awards 4 All | – | – | – | – | – |
| CDCF Poverty Hurts | 9,920 | – | (9,020) | (900) | – |
| Hartlepool Poverty Truth | – | 33,450 | (11,044) | (833) | 21,573 |
| GRIPP | – | 2,600 | (606) | (1,994) | – |
| Amnesty International | – | – | – | – | – |
| SBC Peer Led Project | – | 495 | (495) | – | – |
| Wales Policy Team | – | 1,791 | (1,791) | – | – |
| ---------------------------- | -------------------------------- | -------------------------------- | ---------------------------- | ---------------------------- | |
| 24,400 | 215,200 | (129,515) | (21,343) | 88,742 |
|
| ============================ | ================================ | ================================ | ============================ | ============================ |
15
THRIVE
Notes to the Financial Statements (continued)
Year ended 31 March 2025
17. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Tangible fixed assets | 615 | – | 615 |
| Current assets | 99,447 | 52,950 | 152,397 |
| -------------------------------- | ---------------------------- | -------------------------------- | |
| Net assets | 100,062 | 52,950 | 153,012 |
| ================================ | ============================ | ================================ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Tangible fixed assets | 924 | – | 924 |
| Current assets | 98,126 | 88,742 | 186,868 |
| ---------------------------- | ---------------------------- | -------------------------------- | |
| Net assets | 99,050 | 88,742 | 187,792 |
| ============================ | ============================ | ================================ |
16