##
##
##
|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 31|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||and Lo|sses)|||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||funds|funds|2022|
||||Note||||
|Income and Endowments||from:|||||
|Donations,
legacies|and grants|||31,678|3,617,766|3,649,444|
|Charitable
activities||||2,737,162||2,737,162|
|Investment
income||||2,944|9|2,953|
|Other income||||2,152||2,152|
|Total income||||2,773,936|3,617,775|6,391,711|
|Expenditure
on:|||||||
|Charitable
activities||||(2,783,025)|(3,501,779)|(6,284,804)|
|Total expenditure||||(2,783,025)|(3,501,779)|(6,284,804)|
|Net (expenditure)/income||||(9,089)|115,996|106,907|
|Transfers between|funds|||(3,829)|3,829||
|Net movement
in funds||||(12,918)|119,825|106,907|
|Reconciliation
offunds|||||||
|Total funds brought|forward|||708,270|494,092|1,202,362|
|Total funds carried|forward||20|695,352|613,917|1,309,269|
##
##
|||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|2021|
||||Note|e|||
|Income and Endowments||from:|||||
|Donations,
legacies|and grants|||29,842|2,689,489|2,719&331|
|Charitable
activities||||2,257,755||2,257,755|
|Investment
income||||2,078||2,078|
|Other income||||514||514|
|Total income||||2,290,189|2,689,489|4,979,678|
|Expenditure
on:|||||||
|Charitable
activities||||(2,261,132)|(2,611,415)|(4,872,547)|
|Total expenditure||||(2,261,132)|(2,611,415)|(4,872,547)|
|Net income||||29,057|78,074|107,131|
|Transfers between|funds|||(24,710)|24,710||
|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|
##
##
|||Balance Sheet as at 3|1December 20|22||
|---|---|---|---|---|---|
|||||2022|2021|
||||Note|g||
|Fixed assets||||||
|Tangible assets|||15|419,611|372,899|
|Current
assets||||||
|Debtors|||16|1,140,593|526,931|
|Cash at bank|and in hand||17|556,064|1,042,482|
|||||1,696,657|1,569,413|
|Creditors: Amounts||falling due ivithin one year|18|(806,999)|(739,950)|
|Net current|assets|||889,658|829,463|
|Net assets||||1,309,269|1,202,362|
|Funds ofthe|charity:|||||
|Restricted income funds||||||
|Restricted
funds|||20|613,917|494,092|
|Unrestricted|income|funds||||
|Umestricted|funds|||695,352|708,270|
|Total funds|||20|1,309,269|1,202,362|
##
##
|||||2022|2021|
|---|---|---|---|---|---|
||||Note|||
|Cash flows from operating|activities|||||
|Net cash income||||106,907|107,131|
|Adjustments
to cash flows|from non-cash|items||||
|Depreciation
Investment
income|||5|11,864
~2,953|2,113
(2,078)|
|||||115,818|107,166|
|Working capital adjustments||||||
|Increase in debtors|||16|(613,662)|(121,002)|
|Increase in creditors|||18|29,639|291,210|
|Increase in defened income||||37,410|52,954|
|Net cash flows fi'om operating
activities||||(430,795)|330,328|
|Cash floivs from investing|activities|||||
|Interest receivable
and similar income|||5|2,953|2,078|
|Purchase oftangible fixed assets|||15|(58,576)|(9,219)|
|Net cash flows fiom investing
activities||||(55,623)|(7,141|
|Net (decrease)/increase
in cash and cash equivalents||||(486,418)|323,187|
|Cash and cash equivalents|at I January|||1,042,482|719,295|
|Cash and cash equivalents|at 31December|||556,064|1,042,482|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Asset class|Asset class|Depreciation|method|and rate|
|---|---|---|---|---|
|Freehold|property|Not depreciated|||
|Computer|equipment|25%straight|line||
##
##
##
##
##
##
|3
Incom|e f|rom|donations,
legacies and gr|ants|||
|---|---|---|---|---|---|---|
|||||Unrestricted|||
|||||funds|Restricted|Total|
|||||General|funds|2022|
|Donations|and legacies;||||||
|Donations||from|individuals|1,339||1,339|
|Grants, including|||capital grants;||||
|Government||grants||30,339||30,339|
|Grants|from other charities||||3,617,766|3,617,766|
|||||31,678|3,617,766|3,649,444|
|||||Unrestricted|||
|||||funds|Restricted|Total|
|||||General|funds|2021|
|Donations|and legacies;||||||
|Donations||fiom|individuals|404||404|
|Grants, including|||capital grants;||||
|Goveriunent||grants||29,438||29,438|
|Grants|from other charities||||2,689,489|2,689,489|
|||||29,842|2,689,489|2,719,331|
##
##
|Grants received from|oth|er charities ar|e analysed
as follows:|||
|---|---|---|---|---|---|
|||||2022|2021|
|BBOShropshire||||1,373,489|1,018,329|
|BBOHerefordshire||||845,091|647,911|
|ESFCommunity
Grants||||628,469|510,397|
|All Age Autism||||285,385||
|Construction
Skills Fund||(CSF)||29,993|233,152|
|Individual
Placement|and|Support (IPS)||161,931|133,703|
|Housing
and Debt Advice Service||||158,000||
|Building Sluopshire||||81,821|53,179|
|Staffordshire
Expanding||Opportunities|Project||50,000|
|Armed Forces Covenant||||22,167|11,083|
|NEET Reengagement||||22,000||
|High Street Business|Start Up|||9,420||
|Iohn Lewis Project|||||4,750|
|Chrsitmas
Food and|Essential Items Project||||2,940|
|BB0Evolve|||||24,045|
|||||3,617,766|2,689,489|
##
|||||Unrestricted|Unrestricted|||
|---|---|---|---|---|---|---|---|
||||||funds|Total|Total|
|||||General||2022|2021|
|Supported||employment|services||2,737,162|2,737,162|2,257,755|
|Supported|employment||services income is analysed|as follows:||||
|||||||2022|2021|
||||||Note|||
|Supported|employment||services provided|||2,648,037|2,244,611|
|Sale ofgoods / services|||made or provided by the beneficiaries||of|||
|the charity||||||21,408|13,144|
|Course income||||||67,717||
|||||||2,737,162|2,257,755|
##
##
##
||||||||Unrestricted||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||funds|Restricted|Total|Total|
||||||||General|funds|2022|2021|
|Interest receivable|||and similar||||||||
|income;|||||||||||
|Interest receivable||||on|baal&||||||
|deposits|||||||2,944||2,953|2,078|
|6
Other|income||||||||||
|||||||||Unrestricted|||
|||||||||funds|Total|Total|
|||||||||General|2022|2021|
|Other income||||||||2,152|2,152|514|
|7
Expenditure|||on|charitable|||activities||||
|||||||||Unrestricted|||
|||||||||||Total|
|||||||||General|Restricted|2022|
||||||||Note||||
|Supported|employment||||services|||221,724|71,056|292,780|
|Depreciation,||amortisation||||and|other||||
|similar costs||||||||11,864||11,864|
|Grant funding of|||activities|||||755,112|1,524,134|2,279,246|
|Staff costs||||||||1,156,130|1,654,559|2,810,689|
|Allocated|support||costs|||||511,570|242,999|754,569|
|Governance||costs||||||126,625|9,031|135,656|
|||||||||2,783,025|3,501,779|6,284,804|
|||||||||Unrestricted|||
|||||||||funds|Restricted|Total|
|||||||||General|funds|2021|
||||||||Note||||
|Supported|employment||||services|||290,717|29,077|319,794|
|Depreciation,||amortisation||||and|other||||
|similar costs||||||||2,113||2, 113|
|Grant funding of|||activities|||||693,101|1,219,689|1,912,790|
|Staff costs||||||||807,843|1,239,719|2,047,562|
|Allocated|support||costs|||||370,458|120,449|490,907|
|Governance||costs||||||96,900|2,481|99,381|
|||||||||2,261,132|2,611,415|4,872,547|
##
##
|||||Unrestricted||||
|---|---|---|---|---|---|---|---|
|||||funds|Restricted|Total|Total|
|||||General|funds|2022|2021|
|||||||f.||
|Delivery costs||||17,173|34,681|51,854|8,624|
|Subcontractor|costs|||95,115|848|95,963|212,937|
|Beneficiaty costs||||42,172|871|43,043|41,446|
|Cafe and salon|purchases|||20,342|1,266|21,608|10,395|
|Staff training||||5,868|24|5,892|5,387|
|Staff travel expenses||||39,560|28,266|67,826|28,715|
|Volunteer
training||and expenses||1,494||1,494|1,010|
|Monitoring
and evaluation|||costs||5,100|5,100|11,280|
|||||221,724|71,056|292,780|319,794|
##
##
##
|Charitable
ac|tivities - analysis of|allocated support cos|ts|||
|---|---|---|---|---|---|
|||Unrestricted||||
|||||Total|Total|
|||General|Restricted|2022|2021|
|Rent, rates and|water|86,577|58,520|145,097|93,976|
|Insurance||3,905||3,905|6,842|
|Telephone
and|internet|27,087|6,630|33,717|24,371|
|Other premises|expenses|156,447|29,097|185,544|125,895|
|Equipment
hire||12,533|3,640|16,173|11,121|
|Other office costs||52,868|8,133|61,001|38,688|
|Computer
costs||50,310|54,739|105,049|72,869|
|Subscriptions|and memberships|18,017|1,713|19,730|48,511|
|Marketing
costs||41,483|48,606|90,089|37,013|
|Professional
fees||59,102|23,921|83,023|18,919|
|Donations||49||49|329|
|Bank charges||3,192||3,192|1,432|
|Bad debt write|off||8,000|8,000|10,941|
|||511,570|242,999|754,569|490,907|
||||Unrestricted||||
|---|---|---|---|---|---|---|
||||funds|Restricted|Total|Total|
||||General|funds|2022|2021|
|Staff costs|||||||
|Wages and salaries|||91,927||91,927|67,982|
|Social security costs|||10,868||10,868|5,694|
|Pension|costs||2,119||2,119|1,314|
|Audit fees|||||||
|Audit ofthe financial||statements|3,660||3,660|3,633|
|Allocated|support costs||18,051|9,031|27,082|20,758|
||||126,625|9,031|135,656|99,381|
##
##
|The a|llocated support|cost is analysed
as follows:||||
|---|---|---|---|---|---|
|||||2022|2021|
||||Note||g|
|Other|office costs|||24,645|18,804|
|Legal|and professional|fees and HR costs||2,437|1,954|
|||||27,082|20,758|
|Analysis ofgran|ts|||
|---|---|---|---|
|||Grants to|institutions|
|||2022|2021|
|Analysis||||
|BBOShropshire||564,496|461,836|
|BBOHerefordshire||371,456|323,306|
|IN2 Programme||755,112|693,101|
|ESPCommunity|Grants|497,685|434,547|
|Evolve||12,722||
|All Age Autism||77,775||
|||2,279,246|1,912,790|
##
##
##
##
|The aggregate
payroll costs|were as follows:||||
|---|---|---|---|---|
||||2022|2021|
|Staff costs during the year|were:||||
|Wages and salaries|||2,635,807|1,927,896|
|Social security costs|||234,857|161,486|
|Pension costs|||44,939|33,105|
|Other staff costs||||65|
||||2,915,603|2,122,552|
||||2022|2021|
|||Note|||
|Direct staff costs|||1,641,385|1,372,635|
|Support staff costs, including|governance||1,274,218|749,917|
||||2,915,603|2,122,552|
|The monthly
av
the year was as|erage
number ofpersons
(including
se
follows;|nior management
team) employed|by the|charity
du|ring|
|---|---|---|---|---|---|
|||2022||2021||
|||No||No||
|Direct charitable|work staff||83||47|
|Administrative|staff||51||39|
||||134||86|
|2022|2021|
|---|---|
|No|No|
##
##
##
|Net incoming|resource|s for the year include;|||
|---|---|---|---|---|
||||2022|2021|
|Operating
leases - plant and machineiy|||16,172|11,120|
|Audit fees|||3,660|3,633|
|Depreciation|offixed|assets|11,864|2,113|
|13 Auditors'|remuneration||||
||||2022|2021|
|Audit ofthe|financial|statements|3,660|3,633|
##
##
|15 Tangible fixed assets||||
|---|---|---|---|
||Land and|Furniture
and||
||buildings|equipment|Total|
|Cost||||
|At
1 January 2022|370,536|18,886|389,422|
|Additions||58,576|58,576|
|At 31December 2022|370,536|77,462|447,998|
|Depreciation||||
|At 1 January 2022||16,523|16,523|
|Charge for the year||11,864|11,864|
|At 31December 2022||28,387|28,387|
|Net book value||||
|At 31December 2022|370,536|49,075|419,611|
|At 31December 2021|370,536|2,363|372,899|
##
##
|16 Debtors||||||
|---|---|---|---|---|---|
|||||2022|2021|
|Trade debtors||||155,624|15,580|
|Prepayments||||58,064|12,375|
|Accrued income||||926,905|498,976|
|||||1,140,593|526,931|
|17 Cash and cash|equivalents|||||
|||||2022|2021|
|Cash at bank||||552,976|1,041,098|
|Cash on hand||||3,088|1,384|
|||||556,064|1,042,482|
|18 Creditors: amounts||falling due ivithin one year||||
|||||2022|2021|
|Trade creditors||||136,329|154,073|
|Other taxation and|social security|||117,798||
|Other creditors||||18,855|66,531|
|Accruals||||172,559|195,298|
|Deferred income||||361,458|324,048|
|||||806,999|739,950|
|||||2022|2021|
|Defened income at 1 January 2022||||324,048|271,094|
|Resources deferred|in the period|||174,022|198,068|
|Amounts
released fiom previous|||periods|(136,612)|(145,114)|
|Deferred income at year||end||361,458|324,048|
##
##
##
##
##
|20 Funds|||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at I||||31|
|||January|Incoming|Resources||December|
|||2022|resources|expended|Transfers|2022|
|Unrestricted
funds|||||||
|General|||||||
|General fund||708,270|2,773,936|(2,783,025)|(3,829)|695,352|
|Restricted funds|||||||
|BBOShropshire||298,283|1,373,492|(1,348,627)||323,148|
|BBOHerefordshire||101,150|845,091|(874,176)||72,065|
|BBOEvolve||29,141||(27,348)||1,793|
|Construction
Skills Fund|||29,999|(25,621)||4,378|
|IPS||4,980|161,931|(170,552)|3,641||
|ESF Community|Grants|14,832|628,469|(621,864)||21,437|
|Armed Forces Covenant||6,414|22,167|(28,517)||64|
|Building Shropshire||37,034|81,821|(95,513)||23,342|
|Christmas
Food &Essential|||||||
|Items||2,258||(1,991)||267|
|All Age Autism|||285,385|(244,362)||41,023|
|NEET Reengagement|||22,000|(22,097)|97||
|High Street Business Start|||||||
|Up|||9,420|(9,511)|91||
|Housing
and Debt Advice|||||||
|Service|||158,000|(31,600)||126,400|
|Total restricted|funds|494,092|3,617,775|(3,501,779)|3,829|613,917|
|Total funds||1,202,362|6,391,711|(6,284,804)||1,309,269|
##
##
|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at 1||||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|||||||
|BBOShropshire||237,403|1,018,329|(957,449)||298,283|
|BBOHerefordshire||71,689|647,911|(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||||||
|Oppottunities||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|
|Christmas
Food &Essential|||||||
|Items|||2,940|682||2,258|
|Total restricted|funds|391,308|2,689,489|(2,611,415)|24,710|494,092|
|Total funds||1,095,231|4,979,678|(4,872,547)||1,202,362|
##
##
##
##
##
|21 Analysis ofnet assets between fund|s|||
|---|---|---|---|
||Unrestricted||Total funds at|
||funds|Restricted|31Deceinber|
||General|funds|2022|
|Tangible fixed assets|419,611||419,611|
|Curtent assets|730,745|965,912|1,696,657|
|Durent liabilities|(455,004)|(351,995)|(806,999)|
|Total net assets|695,352|613,917|1,309,269|
||Unrestricted||Total funds at|
||funds|Restricted|31December|
||General|funds|2021|
|Tangible fixed assets|372,899||372,899|
|Current assets|757,698|811,715|1,569,413|
|Current liabilities|(422,327)|(317,623)|(739,950)|
|Total net assets|708,270|494,092|1,202,362|
##
##
##
|||||||||||At 31|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||At|1|January||December|
|||||||||2022|Cash flows|2022|
|Cash|at|bank|and|in|hand|||1,042,482|(486,418)|556,064|
|Total||||||||1,042,482|(486,418)|556,064|
|||||||||||At 31|
|||||||At|I|January||December|
|||||||||2021|Cash flows|2021|
|Cash|at|bank|and|in|hand|||719,295|323,187|1,042,482|
|Total||||||||719,295|323,187|1,042,482|
##
##
|||2022|2021|
|---|---|---|---|
|Land|and buildings|||
|Within|one year|35,903|26,000|
|Between one and five years|||26,000|
|||35,903|52,000|