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##
|Reference and Administrative|Details||
|---|---|---|
|Chief Executive Officer's
Summary|||
|Chairperson's
Statement|||
|Trustees' Report||4 to 6|
|Independent
Auditors'
Report||7to 10|
|Statement ofFinancial
Activities||11 to 12|
|Balance Sheet||13|
|Statement ofCash Flows||14|
|Notes to the Financial
Statements||15to 32|
##
##
|Trustees|||M LKite,|Chairperson|Chairperson||||
|---|---|---|---|---|---|---|---|---|
||||R D Langford||||||
||||H E Oliver||||||
||||M 1 Shields||||||
|Chief Executive Officer|||SRoberts||||||
|Charity Registration||Number|1048645||||||
|Company|Registration|Number|03084746||||||
||||The charity|is incorporated|||in England|&Wales.|
|Registered|Office||5 Landau Court||||||
||||Tan Bank||||||
||||Wellington||||||
||||Telford||||||
||||TF1 1HE||||||
|Auditor|||CBSLAccountants||Limited||||
||||Chartered|Accountants||and|Statutory|Auditors|
||||Rowan House North||||||
||||1 The Professional||Quarter||||
||||Shrewsbury|Business||Park|||
||||Shrewsbury||||||
||||Shropshire||||||
||||SY26LG||||||
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|||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|2021|
||||Note||||
|Income and Endowments||from:|||||
|Donations,
legacies|and grants|||29,842|2,689,489|2,719,331|
|Charitable
activities||||2,257,755||2,257,755|
|Inveshnent
income||||2,078||2,078|
|Other income||||514||514|
|Total income||||2,290,189|2,689,489|4,979,678|
|Expenditure
on:
Charitable
activities|||7|~2,267,7327|(2,611,415)|(4,872,547)|
|Total expenditure||||~62,267,732|(2,611,415)|4,872,547|
|Net income
Transfers
between|funds|||29,057
~624,776|78,074
24,710|107,131|
|Net movement
in funds||||4,347|102,784|107,131|
|Reconciliation
offunds|||||||
|Total funds brought|forward|||703,923|391,308|1,095,231|
|Total funds carried|forward||20|708,270|494,092|1,202,362|
##
##
|||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|2020|
||||Note||||
|Income and Endowments||from:|||||
|Donations,
legacies|and grants|||15,993|2,570,058|2,586,051|
|Charitable
activities||||1,346,156||1,346,156|
|Investment
income||||2,920||2,920|
|Other income||||9,632||9,632|
|Total income||||1,374,701|2,570,058|3,944,759|
|Expenditure
on:
Charitable
activities||||(1,180,480)|(2.553.263)|~(3,733,743|
|Total expenditure||||(1,180,480)|(2,553,263)|(3,733,743)|
|Net income||||194,221|16,795|211,016|
|Transfers
between|funds|||(123,043)|123,043||
|Net movement
in funds||||71,178|139,838|211,016|
|Reconciliation
offunds|||||||
|Total funds brought|forward|||632,745|251,470|884,215|
|Total funds carried|forward||20|703,923|391,308|1,095,231|
##
##
|||Balan|ce Sheet as at3|1December 20|21||
|---|---|---|---|---|---|---|
|||||Note|2021|2020f|
|irised assets|||||||
|Tangible
assets||||15|372,899|365,793|
|Current
assets|||||||
|Debtors||||16|526,931|405,929|
|Cash at bank|and in hand||||||
|Creditors: Amounts||falling due within|one year||1,569,413
~79.»|1,125,224
395,786|
|Net current|assets||||829 4|729,438|
|Net assets||||||1,095,231|
|Funds ofthe|charity:||||||
|Restricted income funds|||||||
|Restriclcd
funds||||20|494,092|391,308|
|Unrestricted
Unrestricted|Income
funds|funds|||708»»0 .927||
|Total funds|||||||
##
##
|||Note|2021
f.|2020f|
|---|---|---|---|---|
|Cash flows from operating
activities|||||
|Net cash income|||107,131|211,016|
|Adjustments
to cash flows from non-cash|iteins||||
|Depreciation
Investment
income||5|2,113
~2,0783|4,721
~2,920|
||||107,166|212,817|
|Working capital adjustments|||||
|Increase
in debtors||16|(121,002)|(49,406)|
|Increase
in creditors
Increase/(decrease)
in deferred income||18|291,210
52,954|98,835
~767.344|
|Net cash flows fi'om operating
activities|||330,328|194,902|
|Cash flows from investing
activities|||||
|Interest receivable
and similar income||5|2,078|2,920|
|Purchase oftangible
fixed assets
Net cash flows Irom investing
activities||15|7e9**.** 2213 9~7
~7,3433|2,920|
|Net increase
in cash and cash equivalents|||323,187|197,822|
|Cash and cash equivalents
at I January|||719,295|521,473|
|Cash and cash equivalents
at 31 December|||1,042,482|719,295|
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|Asset class|Asset class|Depreciation|method|and rate|
|---|---|---|---|---|
|Freehold|property|Not depreciated|||
|Computer|equipment|25%straight|line||
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##
|||||Unrestricted||||
|---|---|---|---|---|---|---|---|
|||||funds|Restricted|Total|Total|
|||||General
g|funds|2021|2020f|
|Donations|and legacies;|||||||
|Donations||&om|individuals|404||404||
|Grants, including|||capital grants;|||||
|Government||grants||29,438||29,438|15,593|
|Grants|kern other charities||||2,689,489|2,689,489|2,570,458|
|||||29,842|2,689,489|2,719,331|2,586,051|
##
##
||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|
|BBOShropshire|||||||||1,018,329|1,055,705|
|BBOHerefordshire|||||||||647,911|724,030|
|ESFCommunity
Grants|||||||||510,397|277,294|
|Construction
Skills Fund|||(CSFi||||||233,152|224,201|
|Individual
Placement|and||Support (IPSl||||||133,703|135,090|
|Building
Shropshire|||||||||53,179||
|Staffordshire
Expanding|||Opportunities||Project||||50,000|13,913|
|BBOEvolve|||||||||24,045|75,347|
|Armed Forces Covenant|||||||||11,083||
|John Lewis Project|||||||||4,750||
|Chrsitmas
Food and Essential||||Items Project|||||2,940||
|COVID-19 Emergency||Fund||||||||41,066|
|Royal British Legion||||||||||19,412|
|The Screwfix Foundation||||||||||4,000|
|Other grants
—unrestricted||||||||||400|
||||||||||2,689,489|2,570,458|
|4
Income from charitable||||activities|||||||
|||||||||Unrestricted|||
|||||||||funds|Total|Total|
|||||||||General|2021|2020|
|Supported
employment|||services|||||2,257,755|2,257,755|1,346,156|
|Supported
employment||services income||||is analysed|as follows:||||
||||||||||2021|2020|
|||||||||Note|||
|Supported
employment||services provided|||||||2,244,611|1,339,166|
|Sale ofgoods Iseivices||made||or provided||by the beneficiaries||ofthe|||
|charity|||||||||13,144|6,990|
||||||||||2,257,755|1,346,156|
##
##
##
||||Unrestricted|||
|---|---|---|---|---|---|
||||funds|Total|Total|
||||General|2021|2020|
|Interest receivable|and similar income;|||||
|Interest receivable||on bank deposits|2,078|2,078|2,920|
##
|Unrestricted||||
|---|---|---|---|
|funds|Total||Total|
|General|2021||2020|
|f||||
||||8,097|
|514||514|1,535|
|514||514|9,632|
##
##
##
|7
Expen|d|itu|re
on charita|ble
activitie|s||||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted||||
||||||||Total|Total|
||||||General|Restricted|2021|2020|
|||||Note|||||
|Supported||employment|||||||
|services|||||290,717|29,077|319,794|166,771|
|Depreciation,|||||||||
|amortisation|||and other||||||
|similar costs|||||2,113||2,113|4,721|
|Grant funding|||of||||||
|activities|||||693,101|],219,689|1,912,790|1,504,610|
|Staff costs|||||807,843|1,239,719|2,047,562|1,648,884|
|Allocated|support costs||||370,458|120,449|490,907|308,424|
|Governance||costs|||96,900|2,481|99,381|100,333|
||||||2,261,132|2,611,415|4,872,547|3,733,743|
||||||Unrestricted||||
|---|---|---|---|---|---|---|---|---|
||||||funds|Restricted|Total|Total|
||||||General|funds|2021|2020f|
|Delivery costs|||||7,88]|743|8,624|9,888|
|Subcontractor||costs|||211,710|1,227|212,937|84,492|
|Beneficiary|costs||||29,382|12,064|41,446|26,168|
|Cafe and salon||purchases|||9,858|537|10,395|5,440|
|Stafftraining|||||4,472|915|5,387|3,624|
|Stafftravel|expenses||||23,524|5,191|28,715|26,599|
|Volunteer|training||and expenses||1,010||1,010|809|
|Monitoring|and evaluation|||costs|2,880|8,400|11,280|9,751|
||||||290,717|29,077|319,794|166,771|
##
##
|Charitable|ac|tivities - analysis ofal|located support costs||||
|---|---|---|---|---|---|---|
||||Unrestricted||||
||||||Total|Total|
||||General|Restricted|2021|2020|
|Rent, rates|and|water|53,478|40,498|93,976|52,459|
|Insurance|||6,842||6,842|3,631|
|Telephone|and|internet|17,482|6,889|24,371|21,058|
|Other premises||expenses|116,237|9,658|125,895|67,707|
|Equipment|hire||7,604|3,517|11,121|11,341|
|Other office costs|||32,762|5,926|38,688|25,298|
|Computer
costs|||47,347|25,522|72,869|71,465|
|Subscriptions||and memberships|22,970|25,541|48,511|24,273|
|Marketing|costs||34,725|2,288|37,013|16,401|
|Professional|fees||18,309|610|18,919|3,488|
|Donations|||329||329|150|
|Bank charges|||1,432||1,432|953|
|Bad debt write||off|10,941||10,941|10,200|
||||370,458|120,449|490,907|308,424|
##
##
##
|||||Unrestricted||||
|---|---|---|---|---|---|---|---|
|||||funds|Restricted|Total|Total|
|||||General|funds|2021|2020|
|Staff costs||||||||
|Wages and salaries||||67,982||67,982|76,027|
|Social security costs||||5,694||5,694|6,266|
|Pension|costs|||1,314||1,314|1,340|
|Audit fees||||||||
|Audit ofthe financial||statements||3,633||3,633|3,300|
|Allocated|support costs|||18,277|2,481|20,758|13,400|
|||||96,900|2,481|99,381|100,333|
|The allocated support cost is analysed|||as|follows:||||
|||||||2021|2020|
||||||Note|||
|Other office costs||||||18,804|13,092|
|Legal and|professional|fees and HR costs||||1,954|308|
|||||||20,758|13,400|
##
|Analysis of|grants|grants|||
|---|---|---|---|---|
||||Grants to|institutions|
||||2021|2020|
||||f.||
|Analysis|||||
|BBOShropshire|||461,836|449,594|
|BBOHerefordshire|||323,306|368,364|
|Construction|Skills Fund|||135,350|
|IN2 Programme|||693,101|311,745|
|ESFCommunity||Giants|434,547|239,557|
||||1,912,790|1,504,610|
##
##
##
##
|The aggregate
payro|ll costs|were as follows;||||
|---|---|---|---|---|---|
|||||2021|2020|
|Staff costs during|the year|were:||||
|Wages and salaries||||1,927,896|1,574,996|
|Social security costs||||161,486|130,205|
|Pension costs||||33,105|27,3]6|
|Other staff costs||||65||
|||||2,122,552|1,732,517|
|||||2021|2020|
||||Note|g|f|
|Direct staff costs||||1,372,635|903,669|
|Support staff costs,|including|governance||749,917|828,848|
|||||2,122,552|1,732,517|
|year was as foll|ows;|||||
|---|---|---|---|---|---|
|||2021||2020||
|||No||No||
|Direct charitable|work staff||47||54|
|Administrative|staff||39||27|
||||||81|
##
##
##
|12 Net incom|ing/outgoing
resources|||
|---|---|---|---|
|Net incoming|resources for the year include:|||
|||2021|2020|
|Operating
leases - plant and machinery||11,120|11,340|
|Audit fees||3,633|3,300|
|Depreciation|offixed assets|2, 113|4,721|
|13 Auditors'|remuneration|||
|||2021|2020|
|Audit ofthe|financial
statements|3,633|3,300|
##
##
|15 Tangible fixed assets||||
|---|---|---|---|
||Land and|Furniture
and||
||buildings|equipment|Total|
|Cost||||
|At 1 January 2021|361,3]7|18,886|380,203|
|Additions|9,219||9,219|
|At 31 December 2021|370,536|18,886|389,422|
|Depreciation||||
|At
1 January 2021||14,410|14,410|
|Charge for the year||2,113|2,113|
|At 31 December 2021||16,523|16,523|
|Net book vatue||||
|At 31December 2021|370,536|2,363|372,899|
|At 31December 2020|361,317|4,476|365,793|
##
##
##
|16 Debtors|||
|---|---|---|
||2021|2020|
|Trade debtors|15,580|35,836|
|Prepayments|12,375|25,089|
|Accrued income|498,976|345,004|
||526,931|405,929|
|17 Cash and cash equivalents|||
||2021|2020|
|Cash on hand|1,384|768|
|Cash at bank|1,041,098|718,527|
||1,042,482|719,295|
##
##
##
|18 Creditors: amounts
falling due within
one yea|r||
|---|---|---|
||2021|2020|
|Trade creditors|154,073|53,926|
|Other creditors|66,531|2,683|
|Accruals|195,298|68,083|
|Deferred income|324,048|271,094|
||739,950|395,786|
|||||2021|2020|
|---|---|---|---|---|---|
|Deferred|income at|1 January 2021||271,094|338,438|
|Resources
Amounts|deferred
in the period
released fiom previous||periods|198,068
~145.11~|247,208
~314.552|
|Deferred|income at|year end||324,048|271,094|
##
##
##
|20 Funds||||||
|---|---|---|---|---|---|
||||||Balance at|
||Balance at I||||31|
||January|Incoming|Resources||December|
||2021|resources|expended|Transfers|2021|
|Unrestricted
funds||||||
|General||||||
|General
fund|703,923|2,290,189|(2,261,132)|(24,710)|708,270|
|Restricted
funds||||||
|BBOShropshire|237,403|1,018,329|(957,449)||298,283|
|BBOHerefordshire|71,689|647,91]|(618,450)||101,150|
|BBOEvolve|32,193|24,045|(27,097)||29,141|
|Construction
Skills Fund||233,152|(254,294)|21,142||
|IPS|32,110|133,703|(160,833)||4,980|
|Staffordshire
Expanding||||||
|Oppo9tunities|13,913|50,000|(65,583)|1,670||
|ESFCommunity
Grants||510,397|(495,565)||14,832|
|The Screwfix Foundation|4,000||(5,684)|1,684||
|John Lewis project||4,750|(4,964)|214||
|Armed Forces Covenant||11,083|(4,669)||6,414|
|Building
Shropshire||53,179|(16,145)||37,034|
|Cluistmas
Food &Essential||||||
|Items||2,940|(682)||2,258|
|Total restricted
funds|391,308|2,689,489|~(2,611,415|24710|494,092|
|Total funds|1,1395,231|4,979,678|~4,872,547)||1,202,362|
##
##
|20Funds (conti|n|ued)|||||||
|---|---|---|---|---|---|---|---|---|
|||||||||Balance at|
|||||Balance at I||||31|
|||||January|Incoming|Resources||December|
|||||2020|resources|expended|Transfers|2020|
|||||||f.|||
|Unrestricted
funds|||||||||
|General|||||||||
|General fund||||632,745|1,374,701|(1,180,480)|(123,043)|703,923|
|Restricted|||||||||
|BBOShropshire||||167,723|1,055,705|(986,025)||237,403|
|BBOHerefordshire||||30,242|724,030|(682,583)||71,689|
|BBOEvolve||||27,561|75,347|(70,715)||32,193|
|Construction|Skills Fund||||224,201|(338,425)|114,224||
|IPS||||25,944|135,090|(128,924)||32,110|
|Staffordshire|Expanding||||||||
|Opportunities|||||13,913|||13,913|
|Royal British|Legion||||19,412|(21,525)|2,113||
|ESFCommunity||Grants|||277,294|(284,000)|6,706||
|COVID-19 Emergency|||Fund||41,066|(41,066)|||
|The Screwfix|Foundation||||4,000|||4,000|
|Total restricted||funds||253,470|2,570tl58|~(2,553,263|723,tl43|395,3tl8|
|Total funds||||884,275|3,944.759|~3,733,743)||1,095,231|
##
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##
##
##
##
|||Unrestricted||Total funds at|
|---|---|---|---|---|
|||funds|Restricted|31December|
|||General|funds|2021|
|Tangible|fixed assets|372,899||372,899|
|Cunent
Current|assets
liabilities|757,698
~422,327)|811,715
~317,623|1,569,413
~7177**3**99**.95**00|
|Total net assets||708,270|494,092|1,202,362|
|||Unrestricted||Total funds at|
|||funds|Restricted|31December|
|||General
f|fundsf|2020|
|Tangible|fixed assets|365,793||365,793|
|Current
Current|assets
liabilities|523,440
~735,3701|601,784
~(210,476|1,125,224
(395,786)|
|Total net assets||703,923|391,308|1,095,231|
##
##
##
|22 Analysis ofnet funds||||
|---|---|---|---|
||||At 31|
||At 1January|Financing
cash|December|
||2021|flows|2021|
|Cash at bank and in hand|719,295|323,187|1,042,482|
|Net debt|719,295|323,187|1,042,482|
||||At 31|
||Atl January|Financing
cash|December|
||2020f|flows|2020|
|Cash at bank and in hand|719,295|197,822|917,117|
|Net debt|719,295|197,822|917,117|
##
|Total future minimum
lease payments
under non-cancellab|le
operating
leases are as follows:||
|---|---|---|
||2021|2020|
|Land and buildings|||
|Within one year|26,000|26,000|
|Between one and five years|26,000|52,000|
||52,000|78,000|