REGISTERED COMPANY NUMBER: 2736636 {England and Wales) REGISTERED CHARITY NUMBER. 1035308 NORTH SMETHWICK DEVELOPMENT TRUST Un(iudit¢d Financial Statements Year Ended 31 March 2024 nsdt north smethwick development tTUSt Contents Reference & Administrative Information Report of the Trustees & Directors Independent Examiners Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements NORTH SMETHWICK DEVELOPMENT TRUST TRUSTEES REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED 31 MARCH 2024 The Trustses. who are also Directors of thc charity for th¢ purposes of th¢ Companies Act 2006. present their port and unduditcd fftnancial svatemenls of the charity for thc year cndlng 31 M¢irch 2023 TRUSTEES During the year the following people served as Trustees: A McFarlanc P Kaur Randhdwa M Trnmp R K A￿arWal S Bloomer A Lcwis Chair Vice-chair Treasurcr DIRECTORS Durin¥ the year thL following peoplL served as Directors of the company.- A McFdrlanv P Kaur Randhawa M Trump R K Aggarwal S Bloomcr A Lcwis COMPANY SECRETARY AND CHIEF EXECUTIVE OFFICER J Harri¥on BEM BANKERS Unity Trust Bdnk 4 14rindley Place Birniingham BI 2JB HUMAN RESOURCES AND HEALTH & SAFETY ADVISORS Worknesl Hcad Offic¢ - Woodhouse Church Lane Aldford Chester CH3 6JD INSURERS Zurich Insuranc¢ Company Limited UK Bl'anch Head Offic¢: The Zurich Centre 3000 Parkway Whitcly Fareham Hampshire P015 7JZ NORTH SMETHWICK DEVELOPMENT TRUST TRUSTEES REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is constituted as a Company Limited by Guardntee. Th¢ members of the company are the Truste¢s. In the event of the charity being wound up, the liability in respect of the guaranlee is limited to £ I per member of the charity. Thc Memorandum and Articles uf Association govcrn th¢ charity together with the policics mad¢ by the T￿S[eeS. Thc Dir￿tOrS of the company arc also churity Truslces for the purposes of law and undcr the company's Articlcs arc known as thc Board of t)irectors. Under the requiremcntb of thc Memordndum and Articlcs uf Association thc mcmbers of thL Board ()f Directurt• are elcctcd to scrve a pcriod of three years after which they must stand down and bc re-elL'Lt¢d or rL"si¥n at the next Annual Gcneral Meeting. Reerultment and appointment of new trustees The Board uf DireLtors are kccn to ensurc thilt thL Trustcc body rcfleLts' thc divL'n>ity of thL North Smcthwick ar¥Èl as WL.11 at> P()sscss rclcvant skills to undcrtiike thc govLrnance und overscc the slrdtcgic dirLCtion ot thc organisation. Induction And trainlng of new trustees Thc t)ircctors iirc fami liur willi thc practlcdl work uf the charity, hiiving been involved with thL organibation ti)r many yLars. NLW DireLt()rs are inducted into the workingN% of the Lharity. An induclii)n pack for Direct()rb is iSl>ued to dll new Directors, giving, dctails of financi(Il position, Minut¢b from last Annudl G¢neial Mceting, Latest Board ML'Llinby notLs and Handbook including Cod¢ ot Conduct. Organlsatlonll structure Nurth Smethwick r)cv¢lopment Trust has a Bo¥rd of 6 Directi)rI4. With a ¢apa¢ity of up to I I membLrs. Thcy mect quartcrly (Ind are risponsiblc for the Strategic direction dnd policy of thc. charity. The B()¢ird has a mcmbership consisting of pe()plc that livc andlor work in North Smethwick and who ar¢ from a vari¢ty of prufcssional b(Ickgrounds rclevanl lo the work of th¢ Trust. During the year, th¢ Board held quarterly meetings. Sub group meetings (Finance & HR and tiovernance, Risk & Stratcgy) of the Board ineet quarterly throughout the year. Day to day rebpon5ibility for the workings of the Trust rests with the Chief Ex¢cutive Officer (CEO). The Chi¢f Executivc Offic¢r is responsible for ¢nsuring that the charity dclivers the services specified by the Board and that key p¢rforniance indicators are met. The Chicf Executive Officcr is also responsible for th¢ supervision of the staff team and volunteers and also cn5uring that the tcam continue to develop th¢ir skills and working practices in line with best practice and to meet the needs of the charity's causes. NORTH SMETHWICK DEVELOPMENT TRUST TRUSTEES REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED 31 MARCH 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT The financial administration is the responsibility of the Finance & Administrative Officer including the prcparation, managem¢nt and monitoring of the managemcnt accounts. dnd the line mdlldgcment of the cdretaking and cledning tcam and our Communiiy Food Hub Manager is responsibl¢ for the recruitm¢nt and developm¢nt of voluntcers cnrollcd to support thc food pantry s¢rviLc. The Car Park Manag¢r is responsible for the upcrational runniiig of the match day parking service and Lar park st¢wards. Related partles In so far ils It is complimentary to thc Trnsi's objects, the organisation is guid¢d by local, regional and national policy. In 2013 the Trust sigtncd a 99-ycar le¢lbC asrecm¢nt with Sandwell Mctropolitan B()ruugh Council. Wc ar¢ bupportcd for our Health and Sibilitics by Wurknest. Rlsk management ThL Board of r)iTCCt()rb havc il duty to identify and revi¢w thc risks to which the charity is exposed und to ¢nbure appropriafetY of &tdff. volunteers. clienL% (Ind visitors r¢J IhL Brdsshousc Ccntre. A numbcr of orgdnisiltional poliLict> were rcvtcwed during thc year. Thesc risks drc mandgcd thri)ugh the Governance. Risk and Strdtegy Sub Liroup who mect quarterly and all red risks are rcportLd to the Full Roiird of r)ircctors. The tcgories of i'isk measurcd and monitor¢d are: Financial Govmian¢¢ Operation Compliance, and Environmental OBJEcfivES AND ACTIVITIES Objectlves and al￿5 The principal aim of the charity is to achieve th¢ social, economic and environmental regen¢ration of North Sinethwick and provide the means by which the resid¢nts of North Smethwick and surrounding areas can actively participate in and contribute lo the process of improving th¢ quality of life for all people living in the area. NORTH SMETHWICK DEVELOPMENT TRUST TRUSTEES REPORT (INCLUDING DIRECTORS REPORT) YEAR ELYDED 31 MARCH 2024 Our Misslon To bc widely recvgnibed as a l¢adin¥ community anchur orbanisation pruviding services for uur community. Locally uwned with aLtiVC Tnvolvement fri)m the cominunity, the Trust will cuntinuc to mak¢ a re¢il and positive contribution to the lives of peoplc in North Smethwick. It will be been ai• an essential partncr for agencies OPLfdting in North Smethwick and thc wider arca. The Trust will be financially independent with incom¢ streamb derived from its own assets and social enfrrprisc. To support our aim, we bav¢ a defInl￿ set of ambitions, th¢sc being Health & Wellbeing We want to work with our local cominunity to improv¢ health and wellbLing. Reducing Poverty Children & Young People W¢ wanl to work with vur local community to reducc the impa¢t¥ of poverty. We want to help and support our children & young pcuple to r¢a¢h their full pvtcntial. We want to makL our local Lommunity a plaLL where pcople feel pride in whlrc they IivL' lind work Proud of our communlty Public Beneflt Statement: Objectlves and Activities for Publlc Benent The trustees have referred to ihe guidance from the charities commission on 'Charities and Public Beneftt, The tru%tce5 arc contidcnt Ihal thc aims (Ind activitics of North Smeihwick Devclopment Tru&4t to pri)vide a range ot services and activitics foi. local peoplc (Ire in a¢cordanLc with the rcgulations on public benefit. These aclivitics arc primarily to aid he¢ilth and wellbcing and lo facilitate the residents of North Smcthwick to actively participalc in, and contributc to, the process ()t' improving the qudlity of life in the arca. Delai Is of activitlLS delivered is provided in the next S¥Ltion of the report. ACTIVITIES DURING THE REPORTING YEAR Fol lowing d bcries of consultdtion. community convcrsations and evidcnce-based resedrch, we have developcd and delivered opportunities for activitics directly or in colldboration with partners undertaken by thc Trnst and Ihcse inLludc: Cost of Living Advisors. with support frvm S(indwell Consortiurn and th¢ Sandwcll Advice Providers Network. we wer¢ ablc to respond to the Cost of Living crisi5 through th¢ offer of Inforniation, Advicc and Guidance (IAG) on welfar¢ bencfits, reduclion of debt, completion of forn]6, employment (Ind consumer advice. NORTH SMETHWICK DEVELOPMENT TRUST TRUSTEES REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED 31 MARCH 2024 Continuing our initiattve "Your Local Pantry - Brasshouse" as a way to tackle issues of food povcrty within the local community in a more sustainable Wdy. This enablLS local people to dcccss affurdable t"ood, household items, period products. personal hygien¢ products and Idundry and cleaning items to people mobt in need. Increase in volunte¢ring initiativ¢s following receipt of funds from Sandwcll Community Hubs CIC Falls prevention exercis¢ by Solutions 4 Lif¢ Sandwcll to support people ag¢d 70 and over. Growing Friends GardLning Cliib for mental health and wLllbein8 Rrothci'hood. a mentoring programrne for young black te¢nage buys delivcrcd by Powcred by CAN Dclivcry i?f a rung¢ of Lrc(Itive arl activilic?* 10 5UPPOrt thc Incntal hcalth and well-bcing of pLople including ewing, knittin¥, crafting and ilrts and LratTrs. Thiinks to Cost uf Living Suppurt Fundinb? from thc Natiunal LottLry Community Fund, we arc able lo offer Cost of Living Support, ()nc to on¥ counselling support, miiinlain thc pantry opcratkons, support orb7anisdtional cure costs such hcating and lighting and stdffin¥ c05ls, dcvclop our Warni Space upcrationt* dnd inVC￿>t in new Lquipincnt for the organitriation. We worked with Agc UK Sdndwell to host dlgital cla&scb for oldcr peoplc to build thtrir c()nfidencc usinby digital teclinology as well as helping tl) reduLL i501alion and improve soLial connLCtions. Wc have tthUPPOrtcd 3 young peuplc from a local school gain valuablc work cxperiencc as part of their pcrson¢l and future carcer dL'vclopmcnt. Wc hosted a numb¢r of c(?Inmunity aclivitics such ¢16 the Halloween party tor farnilios, Christmaè+ dinncr and party and distributed new toys, books and clothing to disadvantagcd local pcople in need. We hosted fitness classcb such as Yoga, Tai Chi and Mixed Martial Arts, thanks lo funding from Black Country B¢ Activc partn¢rbhip. Thib lias also cnablcd us to invest in sporting Lquipmcnt. ESOL (English for Speakvrs of Oth¢r Languages) to aid Sociiil interaction. hc(Ilth literacy and employability. Youth Club for young people aged 8-13, thanks to funding from the Heart of England Community Fund. Over 50s and Famlly Cooking 8¢ssions, Weight Management and Fitness Class¢s Moth¢r and Baby Event in partnership with Hawthorns MediGal Centre and the Community Local Prescriber NORTH SMETHWICK DEVELOPMENT TRUST TRUSTEES REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED 31 MARCH 2024 In May we delivered a King's Coronation Event in partnership with the Co-operative GTOUP whereby over 500 people attended. In August 2023 we facilitated a family day trip to Blackpool, which saw new locally settled families on the event, which was lovely to s¢¢ and new friendships fornied. Wc hostcd a cost of living day in which th¢ wider community dondlcd new and pre-Ii)vcd coats to local fted a serieb of events that baw a celebrdtion of Bltick Hair as part of Black History Month - with over 30 pcople Events that Involv8d our community included.. ' A Halloween party where 150 people attended. A family Christmas party for 120 people attended by all sections of the community. We hosted a community Christmas meal in which we had the two local PCSOS attend and serve food to local community members. We worked with the Midland Langar Seva Society to distribute generous donations of clothes, period products, hoodies and winter onesie pyjamas to local people, and thank5 to the Bangladeshi Islamic Centre for their support too National Citizenship Service - 12 young people attended to provide support to sorting out tOy5, and donations worth over £15.000 to be able to distribute as part of our winter warming programme. Working with the Canal & River Trust and the Book Trust to bring Santa on the Bar8e Christmas Event, where we distributed 150 books for local children ACHIEVFMENT AND PERFORMANCE Chartlable Vdctivltles BRASSHOUSE COMMUNITY CENTRE North Smethwick D¢v¢lopment Trust has maintained its S¢rvice Level Agre¢m¢nt with Sandwcll Metropolitan Burough Council providing a primary source of funding for the op¢rations of managing the Bra55hous¢ Community C¢ntre. As a place foi- hire. th¢ Bi'asshouse Community Centre is abl¢ to offer a space for private hire, for celebratory events, as well as a plac¢ to hire for training, meetings, s¢minar5, leisure and much more. NORTH SMETHWICK DEVELOPMENT TRUST TRUSTEES REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED 31 MARCH 2024 Regular activities in addition to the direct offer of the Trust and is a chosen venue for many organisations including: Aman Group. a social group for Asian elders and provides gentle exercis¢, Spiritual and social connections. KSOL (Key StagF¢s on Lin¢), an education tuition group for cliildren Sandwcll MBC Think Local ErnplL)yment T¢am (Job Club). Providing practical support and a55lStance for pcopl¢ seeking employment, training and or work cxperi¢nce in urdcr to improve thcir cmployability and career prospects. GoPlily Sandwell & Powcred by CAN for their indoor Wint¢r Play provision. Sunday Church Councillor SurgL'ri¢S for St Pauls Ward EIL'Cted Mcinbers Police Surgericts to improve awdrencsb of repurting crimc and improve positive rclationiihips within the (Trmmunity. St John Ambulance Cadets, a uniforn)cd youth or&ianisation for first aid. The Trust has impruvcd eff()rts to raisc the profilc ot" Ihc Trust in the l(ILdl tind widcr community throughout the revicw yVÉir. Thib has b¢cn achievcd through receiving dedicatLd mdrkctingi tr>UPPOrt from the Puwcr to Change Trust for Digital Marketing. Attcndiinc#% at networking evcnts, Iocdl partnership bo(Irds, have ulso been 4iblL to increa%c through a griint from the School for Social Entrcpreneurs that enable a short-term rulc for a Community Development WorkLr to improve our cngagemcnt. Our Community Foud Hub M&ill¢iger has also takcn part in a media campaign to promote tliL food pantry. All statutory chccks reldting to Hcalth and Safely havc been underlakcn SULh gas scrvicing. firc safety mainten&tncc (tircfighting cquipmcnt, firL (Ilarni and fire door servicing). Air conditi()ning servicing, PA T (Portabl¢ Applidnce TLSting), IntThder Aldrm and CCTV mdinteniincc as well as Pest Control. Food Sturagc equipment &crvicing. and scrvicing ()f our relrdctable wa115 Wlthin our hirc space. All of which help to maintain a safc cnvironment for our staff, voluntLcrs, customers and the Vitr*iting public. We rèplaced the existing lighting for LED in our Brasshouse Hall, brlnging all lighting intemally and externally up to energy efficiency standards YOUR LOCAL PANTRY- BRASSHOUSE A key priority for the Bodrd was to maintain the provision of services that reduced the impact of poverty on the local community in a sustiiinable way. We continue to be grat¢ful tu Farcshare Midlands{TM). Incredible Surplus. Thrivc Togethcr Birmingham, Sandwcll MBC and Youi" Local Pantry in their support, advice and guidance. Our partn¢rship with Farcshare Midlands(TM} means that surplus food that would uthcrwise go to wastc is provided to us. This perfectly edible and good quality food is then used to supplement our Food Pantry servic¢ and also, we utili5e some of the profits into providing additional stock for the pantry lo people who need it most. Th¢ food pantry as a community busine55 also helps provide volunte¢ring and employment opportunili¢s for local people. NORTH SMETHWICK DEVELOPMENT TRUST TRUSTEES REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED 31 MARCH 2024 The Pantry has been a huge success and is often the conduit to people seeking further support lo help them get out of the cliallenging and difficult situations some find themsclves in. Low incom¢ is one of the main r¢asons pcople access th¢ pantry. An evaluation of the s¢rvice estimated that for customers who done a double shop (two weLkly visits at oncc) at C05t of £12.00, will have a basket worth on avcrage £48.30. This is a total saving of £9342.80 cach year for each mcmber. Due to grant ￿ndIng from the National Lottery Community Fund and Action Against Hunger wc were ablo to r¢cruit il Community Fuud Hub ilSSiStant tu bUPPOrt membLrs with their shoppingy cxperienccs and suppvrl the administratlVL ￿nCtiOn of the SLrvice ovLrall. STAFFING The Trust employed 13 mLmbcr.% uf staff, during thc rcview pcriod. Thc &Trt(iff team over thc ycaT Lomprised a Full timc ChiL.r ExeLUtivc OfticLr, FinanLc & Administrativc Officer lind Community Food Hub MandgLr. PÉlrt timc wvrkers includ¥d Community Food Hub Assistant. CarL'liikcrs and C¢ntre CIc&incr. Wc Illso engiigcd a Seayondl Car Pill'k Mdn¢igyer and Car Parkin&1 SIL'wards. The Board of r)ircctors wDuld like tv thank Ihe.4tatTtedm fur theTr continued Lommitmcnt and hdrd work t.ur local peoplc and the Coinmunity. All Staff havc undcrtaken Irdining ()vcr. the reporting yL'(Ir cuvering such topics as safegudrding children, safLguarding adults, Inanu¢il htaff t¢am have continued to reduce expenditur¥ in non-essential ar¢as. LOOKING FORWARD Moving fonvard into the nLxt financTal year. Thc impact of the cost of living crisis alongside rising encrgy costs will continuc to dominate how wc operate. HowLvcr, in order lo meet our charitable purposes, we need to inLrease community-based activities to mcet Ihe identified Lore objectives of: l. To work WAth our local community to iinprovL health and wellbL'ing 2. To work with our local comniunity to reducL thL impacts of pov¢ty 3. To help our children and young people reach thcir full potential 4. l'o mak¢ our local community be a place wh¢re people feel prid¢ in where they liv¢ and work Further developm¢nt and success for the trust centres on r¢¢ruitment of additional Trustees and Director5 that enabl¢ us to maximise opportunities that help meet our Strategic objectives. We also want to return to the strong volunteer offer for the Trust, that identifies local tal¢nt and offers opportunittes for local people and the business communtty to bc more involved in influencing the impact that the Trust has. Over the revRew period collaborative working has built fantastic opportunities for the Trust to respond to th¢ pandemic. Looking forward we look forward to ￿rther dcvelop collaborative partn¢rships for the benefit of our local community. NORTH SMETHWICK DEVELOPMENT TRUST TRUSTEES REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW During the ycar income increased to £300.291 and expcnditurc incrcased to £287,282, resulting in surplus for th¢ y¢ar of£13.010. The Trust commenccd the loan rcpaymcnt to Sandwell Council in 201612017. The £65.000 intcrest fre¢ loan was used to help support thc capital rcdcvelopment completed in July 2014. This long tcrni reducing liability had the effcct to rcduLC thc level of unrestrictcd rescrves. Unrcstrictcd ￿nd￿> &ir¢ £29.205 and r¢i*tricted funds are £34,108. Reserves polley Thc trust has unrcstricted rcscrves uf £31.191, I months unrcstricted Cxpenditurc of thc organisÉltion is £16.162. which means it has enough to Lovcr 1.9 months of unrestricted expcnditurc. Due to the low level% of rcservcs. a revicw of th¢ Rescrvct> Policy for the organisation has tdkcn placc to look ilt ways of building the levels uf reserv¢s. Key areas for the year includL: * tiranl tunding to be sought to support staffing structure salarics wh¢n required to deliv¢r projeLt based initiatives to be grant fund¢d. * The charity will SLek to divcrsity itb unrestricted income through itb traded L()mmunity businesscs, through pricing rcviews. increased miirketing to altrÉlCt busincsb and thri)ugh increased volunteering. * Any other rcstriclcd èTrUTpluse¥ gcnerdtcd durinu the financial y¢ar will bc idcntified dnd negJotlume that the ch&lritablc comp.any will continue in busincss. The trustecs are rcsponsible tur kccping proper Éiccounting rcLords, which dI￿￿close with rcasonO re.¥ponsiblc for salLgudrding the asscts of (hc huritablc company ¢ind hencc for t(IkTn¥ redsonablc 51eps for the prcvcnlion and dctcction uf fraud and othcr irrcgularities. ON BEHALF OF THE BOARD: Tru gnature Trustee Na Date". CHARITY COMMISSION Independent examiner's report on FOR ENGLAND AND WALES the accounts Sectlon A Independent Examlner's Report Report to the trust¢esldirectorsl n)embers of North Sm¢thwick DLvclopment Trust On accounts for the year ended 31. March 20234 Charlty no.: 1035308 Company no.: 02736636 I report to the charity tru¥tees on my examination of the accounts of the Company for the year endcd 3110312023. As the charity's trustees of the Company (who are also the dir¢ctors of the compt￿Y for the purposes of company law), you are rcsponsibl¢ for the preparation of thL accounts in accordance with the requircments of thc Companics Act 2006 {"the 2006 Act"). Responslbilitles and basls of report Having satisfied myself that the accounts of th¢ Company are not r¢quired to bc audited for this year under Part 16 of the 2006 Act and are eligible for indcpcndent examination, I rcport in respect of my examination of your charity's accounts as carried out under section 145 ofthe Charities Act 2011 ("the 2011 Act"). In carrying out my examination. I have followed the Directions given by the Charity Commission (under s¢ction 145(5){b) of the 2011 Act. The company's gross income exceeded £250,000 and l am qualified to undertakL the eX￿InatIon by bling a qualified member of ACMA. Independent examiner's statement I have completed my examination. I confirn) that no matcrial matters have comc to my attention which gives me caus¢ to bclievc that: accounting records were not kept in accordance with section 386 of the Companies Act 2006. or . the accounts do not accord with such records. or the accounts do not comply with relevant accounting requirements under section 396 of the Companieg Act 2006 other than any requirement that the accounts give a 'true and fair, view whlch is not a matter considered as part of an independent examination. or •the accounts have not been prepared in accordance with the Charities SORP (FRSI 02). I have no concerns and have come across no other matters in connection with thc examination to which attention should b¢ drawn in this report in order to endbl¢ a proper undcrstanding of the accounts to be reach¢d, Slgned: Date: 1011012024 Name: Jtisbir Rai Relevant professionAI qualilleatlon(J) or body (If ACMA Address: Birmingham Voluntary Service Council Latham House, 33-34 Paradise Street Birmingham, 812AJ North Smethwlek Development Trust Statement of Fin&ncial Aetlvltle$ for the year cnded 31st March 2024 2024 Unrestrlct¢d Funds 2024 Restrlcted Funds 2024 Total Funds 2023 Total Fundg L¥ote$ INCOME: DonAtlons 4nd legAcles Income from Tradlng actlvltles 239 111,529 239 111.529 80 I20.226 Income from charltable *ctlvltle Grants ReLeivable 65,521 123.002 188,523 170,231 TOTAI. INCOME 177.2911 123.002 300,291 290,537 EXPF.NDITURE: Fxpendlture on Charltable Actlvltleg 161.622 125,660 287,2112 272,283 TOTAL EXPENDITURE 161,622 125,6611 287.282 272,2X3 NET INCOMEI(EXPE.YDITURE) BEFORE TRANSFERS 15,668 -2.658 13,OlU I 8,254 Gro$$ Transfers b¢tWLtn fund8 -403 223 NET INCOMEI(EXPENDITURE) 15.265 -2,435 12,83U 114,254 RECONCILIATIOiY OF FUNDS Total fundg bought fonvqrd 14.926 35,378 50,304 32,051 TOTAI. FUNDS CARRIED FORWARD 30,191 32,942 63,134 5Q.3Q4 North Smethwick Development Trust Balance Sheet As at 31st March 2023 2024 2023 Notes CURRENT ASSETS Debiors Cash at bank and in hand 7,600 101.114 108,714 7,708 90,597 9R,305 CREDITORS Amounts tallin¥ due within onc year 3,800 3,8(h) NET CURRENT ASSETS 104.914 94,505 TOTAL ASSETS LESS CURRE&YT LIABILITIES 104,914 94.505 LIABILITIES amounts falllng due after more than one yeAr 41.60Q 3J14 44.2QO 50.305 NET ASSETS FUNDS Unrestricted lund Reslricled TOTAL FUNDS 10 14.1190 J5.414 511.3f14 32 rf)42 63.134 ON BEHAI,F OF THE BUARD: Tru nature Trustee Name Date; 171 Ix1< ACTIVITIES FOR GENERATING FUNDS 2024 2023 Car Park Income Brass Hous¢ Pantry Room Hirc Othcr Income 23,468 4.411 54,369 29.281 111,529 21,817 6.237 46,161 46,010 120,226 North Smethwi¢k Development Trust Notes to the Flnancial Statementy for the year ended 31st March 2024 Note TRUSTEES RENUMERATION AND BENEFITS There were no tru8fres remuneration or other benefits for the y¢ar ended 31 Mar¢h 2024 nor for the year ¢nd¢d 3 L March 2023. Trust¢e$' Expenses There were no trustees expen&+es paid for the y¢ar ended 3 1st Marbh 2024 nor for th¢ year cnded 3 Isl MarLh 2023, STAFF COSTS 2024 2023 Wases and ¥alaries including National Insurance 143.5114 126.7113 The average monthly numbcr of full time equivalent employees during the year was a8 follows: 2024 2023 Management and Administration Play worker- Casual Staff Car park staff - Casual staff 13 13 TANGIBLE FIXED ASSETS There were no fixed assets purtsh&sed during the year. North Smethwick Development Trust Notes to the Financial statements for the year ended 31st March 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade Debtors P￿PayMents Total Debtors 7.600 7,708 7.600 7,708 Note CREDITORS. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Loan IndepLndent Examination Fci Other Cr¢ditors 2,600.00 1.200.00 2600 1200 3,8L)L) 3,8110 ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Unrestricted Restricted Total Funds Funds Funds 21123 Total Funds Current Assets CU￿ent Liabiliti¢s Long Terni Liabilitics 75,772 -3,800 -41,600 30,371 32,942 108,713 -3,800 41,600 63.313 94,505 -3,80U 40,400 50,3115 32,942 RELATED PARTY TRANSACTIONS Ther¢ were no relat¢d party transactions during the year. North Smethwlck Developrnent Trust Notes to the FinanclAI 8titernents for the year ended 31st IMArch 2024 Note 10 MOVEMENT IYI FUNDS Movement ITr Funds Incomiiig Ouigoii) R¢8our¢es Resources Openirtg Bdlance Closing Bal8n¢¢ Tran8fer$ Unreslrlrt¢d Fund$ G¢n¢riLI Fund BI.LC Comniercial Tot41 Unrestrleted Reservei 127,492 142.418 14.9Z6 127,492 157,6¥3 30.IYI 2(Ml,6¥8 2110,6118 £ 185.021 £ IlJ5,021 403 403 Restrl¢t¢d Fundi MH.HR Ath- Tander51•m Ch￿5￿￿8$ Ounstlon Amdd Clarke Comrnunily Fund 8la(Ir Country Con&ortlum Can81 and Rlver Trust CBC- crea￿Ve Conn8cUons ChurBh Acilon Group Thè Graniham YoFk8 Trust HolE 8ra88house Youth Club HPLC PNntry Loc&Yty- CoBt al Llvlng Grnnt Maln Grants- NLCF NLCF. COLF SBndwell Con$ortlum- Haallh Lllerqcy C1 Sandwall ConBOrtlum- SLN C1 SCHC Voluntogr Programma SCVO 2023- Sewlng SM8C- Pantry 88SIC$ SL*od Soclal Enirepren•ur4 YLP blg Glve 2023 Tot#l R￿trIcted Rtterwiil 4,186 187 3.999 S28 30S 64 159 7,300 7.46• 2,000 2.1100 I,uoo 1,353 I,ouo 5,1100 2,478 I,[￿0 1,&73 1.OOD 180 2.331 2,66Y ,000 10.000 11.478 5,61 4,445 4,445 80.197 820 820 2.703 22.577 s.wo 2,703 1&93A 3.639 4,XOO s,000 5,0 IZ,PA1 12,801 706 I￿0 223 52h 32,942 35J77 123.0112 £ 12S,6611 North Smethwlek Development Trust Notes to the Flnaneigl statements for the yeAr ended 31yt March 2024 Note li In March 2011, Sandwell Metropolitan Borough Council, at a Cabinet meeting, agreed to transfer the Brasshouse Centre. The transfer of the centre to the Trust was in accordance with the Council's policy on sUPPOrting community asset transfer. The Chair of trustees of North Smethwick Development Trust on 20 June 2013 signed a 99 year lease on the basls of a fu15 repairing lease for a rent of £1 per annum.