This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

PDF
Markdown

2021-03-31-accounts

			Page
Report ofthe Trustees
Report ofthe Independent		Examiner
Statement ofFinancial	Activities
Balance Sheet
Statement ofCash Flows			10
Notes to the Financial	Statements

		Note	Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			2021	2021	2021	2020
Income:
Grants receivable Charitable activities investments			161,574 289,913 470	141,000 2,405 -	302,574 292,318 470	21,000 397,383 776
Total Income			451,957	143405	595,362	419159
Expenditure:
Support costs allocated to activities			12,400		12,400	15,700
Charitable activities Governance costs			367,418 6,801	131,000	498,418 6,801	385,991 7,563
Total expenditure			386,619	131,000	517,619	409,254
Net income for the	year		65,338	12,405	77,743	9,905
Transfers between	funds
Net Movement in funds			65,338	12,405	77,743	9,905
Total funds brought	forward		294,964		294,964	285,059
Total funds carried	forward		360,302	12,405	372,707	294964

			2021	2020
Net cash inflow from operating activities
Net income Profit (Loss) Depreciation Decrease/(increase) in trade debtors Decrease/(Increase) on other debtors Decrease/(Increase) in prepayments and accrued income (Decrease)/Increase in trade creditors (Decrease)/Increase in other creditors (Decrease)/increase in social security and other taxes (Decrease)/Increase in accruals Disposal oftangible fixed assets			77,743 7,439 823 (103) 410 (1,926) 23,467 (6,203)	9,905 7,457 26,977 (890) 2,355 2,501 24,596 14,877
Net cash provided by operating activities			101,650	87,778
Cash flows from investing activities
Purchase oftangible fixed assets			(5,613)	(1,003)
Change in cash and cash equivalents	in	the year	96,037	86,775
Cash and cash equivalents at the beginning		ofthe year	335,875	249,100
Cash and cash equivalents at the end of	year		431,912	335,875
Analysis ofcash and cash equivalents
			2021	2020
Bank current accounts Cash in hand			431,098 814	335,358 517
			431,912	335,875

		Total	Total
		2021	2020
Community development Builders management grant Walsall MBC HM Revenue &Customs National Lottery		11,000 10,000 116,838 64,736 100,000	11,000 10,000
		302,574	21,000
INCOME FROM CHARITABLE ACTIVITES
		Total	Total
		2021	2020
Main Governance Adult Education Youth Provision Nurseries		140,022 967 6,516 144,813	175,202 7,660 15,099 199,422
		292318	397 383

		Unrestricted	Restricted	Total	Total
		Funds	Funds	2021	2020
Bank interest	receivable	470		470	776
6 SUPPORT COSTS
				Total	Total
				2021	2020
Nurseries				12,400	15,700
Total charitable	expenditure			12,400	15700

				2021
	Wages	Community	Establishment		Maintenance	Miscellaneous
	and Salaries	Costs		Costs	Costs	Costs
Main Governance Adult Education	142,985 3,666	140,000		11,413	16,149	12,800
Youth Provision Nurseries	5,677 112,125			6,317 30,300	3,056 2,385	2,526
Total allocated to direct charitable expenditure	264,453	140,000		48,030	21,590	15,326
				2021
		Advertising		Office	Total
		&		Costs
		Marketing
Main Governance Adult Education Youth Provision Nurseries			192 504	6,768 1,447 108	330,307 3,666 16,497 147,948
Total allocated to direct charitable	expenditure		696	8323	498418

		Total	Total
		2021	2020
Accountancy &book4eeping Legal &Professional fees		5,260 1,541	6,138 1,425
Total charitable	expenditure	6,801	7,563

he average n	umber employees during the year calculated on a full time eq	uivalent basis was as fo	llows:-
		2021	2020
Direct charitable work Administration		12 5	19 4
		17
he aggregate	payroll costs ofthese persons were as follows:-
		2021	2020
Wages and salaries Social security costs Pension costs		215,991 2,376 46,086	233,232 6,078 33,735
		264 453	273045

			Total	Total
			2021	2020
Movement	in	total funds for the year is stated after charging/(crediting):
Depreciation		oftangible fixed assets	7,439	7,457

1TANGIBLE FIXEDASSETS
	Leasehold	Plant,	Motor	Total
	Property	fixtures &	Vehicles
		fittin s
Cost
At 1 April 2020	44,278	130,840	12,772	187,890
Additions		5,613		5,613
Disposals
At 31 March 2021	44,278	136453	12772	193503
Depreciation
At 1 April 2020	35,425	122,162	4,391	161,978
Charge for the year	1,771	3,573	2,095	7,439
Disposals
At 31 March 2020	37,196	125,735	6,486	169,417
Net book value
At 31 March 2021	7,082	10,718	6,286	24,086
At 31 March 2020	8,853	8,678	8,381	25,912

12DEBTORS	:AMOUNTS	FALLING DUE WITHINT ONE YEAR
			2021	2020
Trade debtors			7,101	7,924
Other debtors			103
Prepayments	and accrued	income	3,151	3,561
			10,355	11485
13CASH AT BANK
			2021	2020
Current accounts			431,098	335,358
14CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
			2021	2020
Trade creditors Taxation and social security Accruals and deferred income Pension fund			1,842 1,011 20,793 70,000	3,768 2,544 26,996 45,000
			93646	78308

	Balance at 31.03.2020	Incoming Resources	Outgoing Resources	Transfers	Balance at 31.03.021
			R	E
National Lottery Walsall for All		90,000 30,000	(90,000) (30,000)
Community Development Covid-19 Champions Food bank		11,000 10,000 2,405	(11,000)		10,000 2,405
		143,405	131,000		12,405

Balance at 1 April 2020 Net incoming resources for the year	294,964 65,338
Balance at 31 March 2021	330302

nrestr	icted funds by the tru	stees for specific purpo	ses;-
		Balance at 31.03.2020	New Desi nations	Funds Undesi nated		Transfers	Balance at 31.03.2021
Main	Governance	150,000					150,000
		150,000					150,000

		General	Designated	Restricted	Total
		Funds	Funds	funds	funds
Tangible	fixed assets
Current Current	assets liabilities	210,302	150,000	12,405	372,707
Creditors due after more than one year
		210,302	150,000	12405	372,707