##
##
|T||||
|---|---|---|---|
|rustees|||Mrs L Emery|
||||Mrs BA Mulqueen|
||||Miss R Mulqueen|
||||M STaylor|
||||Mr
l SYardley|
|Secretary|||Mrs E C Boycott|
|Charity|number||1055640|
|Company||number|03160299|
|Registered||office|Stan Ball Centre Abbotts Street|
||||Bloxwich|
||||Walsall|
||||West Midlands|
||||WS3 3AZ|
|Auditor|||BKPlus Audit Limited|
||||Azzurri
House|
||||Walsall Road|
||||Aldridge|
||||Walsall|
||||WS9 ORB|
##
||||Page|
|---|---|---|---|
|Trustees'|report||1-5|
|Statement|oftrustees'|responsibilities||
|Independent
auditor's||report|7-9|
|Statement|of financial|activities|10|
|Balance|sheet|||
|Statement
ofcash flows||||
|Notes to|the financial|statements|13-22|
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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Tots I|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||2023|2023|2023|2022|2022|2022|
|||Notes|E|E||E|E|E|
|jllomagro~
Government
grants
Charitable
activities
Investments||3
4
5|1,138,727
1,256|234,081|1,372,808
1,256|839,713
55|4,239
194,699|4,239
1,034,412
55|
|Total Income|||1,139,983|234,081|1,374,064|839,768|198,938|1,038,706|
|'|||||||||
|Ex endi
re o
Raising funds||6|7,579||7,579|6,710||6,710|
|Charitable
activities||7|1,016,803|245,181|1,261,984|715,214|233,221|948,435|
|Total expenditure|||1,024,382|245,181|1,269,563|721,924|233,221|955,145|
|Net incomingl(outgoing)|||||||||
|resources before
transfers|||115,601|(11,100)|104,501|117,844|(34,283)|83,561|
|Gross transfers
between
funds|||(11,100)|11,100||(34,283)|34,283||
|Net incoming
resources|||104,501||104,501|83,561||83,561|
|Other recognised|gains and losses||||||||
|Revaluation
of|||||||||
|tangible
fixed assets||||25,000|25,000||||
|Net movement
in|funds||104,501|25,000|129,501|83,561||83,561|
|Fund balances at 1
2022||April|662,129|575,000|1,237,129|578,568|575,000|1,153,568|
|Fund balances at
March 2023|31||766,630|600,000|1,366,630|662,129|575,000|1,237,129|
##
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||||||2023||2022||
|---|---|---|---|---|---|---|---|---|
|||||Notes|6||8||
|Fixed assets|||||||||
|Tangible assets||||||632,030||611,637|
|Current assets|||||||||
|Stocks||||12|1,700||1,700||
|Debtors||||13|122,835||88,604||
|Cash at bank and|in|hand|||777,536||731,659||
||||||902,071||821,963||
|Creditors: amounts||falling|due within||||||
|one year|||||(167,471)||(196,471)||
|Net current assets||||||734,600||625,492|
|Total assets less|current||liabilities|||1,366,630||1,237,129|
|Income funds|||||||||
|General
restricted|funds||||79,950||79,950||
|Revaluation
reserve|||||520,050||495,050||
|||||||600,000||575,000|
|Unrestricted
funds||||||766,630||662,129|
|||||||1,366,630||1,237,129|
##
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##
|||||2023||2022||
|---|---|---|---|---|---|---|---|
||||Notes|||E||
|Cash flows from operating
activities
Cash generated
from operations|||19||48,780||147,465|
|Investing
Purchase
Investment|activities
of tangible
fixed assets
income received|||(4,159)
1,256||(20,715)
55||
|Net cash|used
In investing|activities|||(2,903)||(20,660)|
|Net cash|used in financing|activities||||||
|Net Increase
In cash and cash equivalents|||||45,877||126,805|
|Cash and|cash equivalents|at beginning|ofyear||731,659||604,854|
|Cash and|cash equivalents|at end of|year||777,536||731,659|
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|3|Government|grants|grants||||
|---|---|---|---|---|---|---|
||||||Total|Restricted|
|||||||funds|
||||||2023|2022|
||||||E|E|
||Covid-19 Job Retention|||Scheme Grant||4,239|
|4|Charitable
activities||||||
||||||2023|2022|
||||||E|E|
||Government
and public bodies
Activities
for generating
funds
Other charitable
activities||||686,462
49,951
636,395|605,272
32,618
396,522|
||||||1,372,808|1,034,412|
||Analysis
by fund
Unrestricted
funds
Restricted
funds||||1,138,727
234,081|839,713
194,699|
||||||1,372,808|1,034,412|
|5|Investments||||||
||||||2023|2022|
||||||E||
||Interest receivable||||1,256|55|
##
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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2023|2022|
|||||6|
|Advertising|||469|88|
|Other fundraising||costs|7,110|6,622|
|Fundraising|and|publicity|7,579|6,710|
||||7,579|6,710|
##
|Charitable
activities|||||
|---|---|---|---|---|
||||2023
f|2022f|
|Premises costs|||39,013|28,217|
|Youth expenses
Catering
and refreshments
Day care transport costs
Day care —other costs
Community
event costs|||972
32,928
136,213
572
2,321|18,027
22,227
95,237
726|
|Big Lottery Awards for All
Big Lottery Friends for All
SERCO expenditure
Making
Connections
Public Health —Thrive Bus|||1,543
3,929
8,227
-106
90,030|4,368
4,286
884
72,779|
|Youth Bus Expenditure
Active Black Country —Tackhng
Palace Play
Neighbourhood
Natters
Bad debts|Equalities||8,589
406|7,925
1,013
148
84
1,024|
|NHCE Funding
Expenditure
Local Council - Holiday
Activities|Fund||437
16,755|10,324|
|I ocal Council —Shielding
Project||||408|
|Local Council-Winter
Support
Fund
Local Council- Lateral Flow Testing Site|||34,201|17,551
399|
|Local Council- Walsall Connected|||6,771|687|
|Local Council- Community
Development|||570|19|
|Local Council-We
Are Walsall|||1,289||
|Local Council-Walsall
Connected||(HUB)|267||
|Local Council —POP Project|||14,005||
||||398,932|286,333|
|Support costs
Management
and administration|expenses||535,426
327,628|396,058
266,044|
||||1,261,984|948,435|
|Analysis
by fund
Unrestricted
funds|||1,016,803|715,214|
|Restricted funds|||245,181|233,221|
||||'l,261,984|948,435|
##
##
##
##
|The aver|age
monthly
number of employees
during
t|he year was:||
|---|---|---|---|
|||2023|2022|
|||Number|Number|
|Directors||6|7|
|Salaried|employees|33|28|
|Total||39|35|
##
##
||||Freehold
land|Fixtures and|Computers|Motor vehicles|Total|
|---|---|---|---|---|---|---|---|
||||aod bugdlnge|fittings||||
||||5|6|6|5||
|Cost or valuation||||||||
|At 1 April 2022|||575,000|129,307|108,285|10,000|822,592|
|Additions||||2,287|1,872||4,159|
|Revaluation|||25,000||||25,000|
|At 31 March|2023||600,000|131,594|110,157|10,000|851,751|
|Depreciation|and impairment|||||||
|At 1 April 2022||||102,747|101,986|6,222|210,955|
|Depreciation|charged|in the year||5,768|2,053|945|8,766|
|At 31 March|2023|||108,515|104,039|7,167|219,721|
|Carrying
amo unt||||||||
|At 31 March|2023||600,000|23,079|6,118|2,833|632,030|
|At 31 March|2022||575,000|26,560|6,299|3,778|611,637|
##
##
|12|Stocks|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2023|2022|
|||||||||||E|E|
||Raw materials||and|consumables||||||1,700|1,700|
|13|Debtors|||||||||||
|||||||||||2023|2022|
||Amounts|falling due|||within|one year:||||E|E|
||Trade debtors|||||||||52,717|69,655|
||Other debtors|||||||||5,400|9,105|
||Prepayments||and|accrued income||||||64,718|9,844|
|||||||||||122,835|88,604|
|14|Creditors: amounts||||falling due within one||year|||||
|||||||||||2023|2022|
||||||||||Notes||E|
||Other taxation
and|||social security|||||||9,422|
||Deferred|income||||||||62,939|72,852|
||Trade creditors|||||||||40,043|55,342|
||Other creditors|||||||||318|3,165|
||Accruals|and|deferred||income|||||64,171|55,690|
|||||||||||167,471|196,471|
|15|Deferred|income||||||||||
|||||||||||2023|2022|
|||||||||||E|E|
||Arising
from||funding||received|in advance||||62,939|72,852|
||Deferred|income
is included||||in the financial|statements|as follows;||||
|||||||||||2023|2022|
|||||||||||E|E|
||Deferred|income||ls included||within:||||||
||Current|liabilities||||||||62,939|72,852|
||Movements||in the|year.||||||||
##
##
##
##
|||||||
|---|---|---|---|---|---|
|16|Deferred|Income|||(Continued)|
||Deferred|income at|1 April 2022|72,852|69,783|
||Resources
deferred||in the year|(9,913)|3,069|
||Deferred|income at|31 March 2023|62,939|72,852|
|16|Analysis|of net assets between funds||||
|||tfnrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||2023|2023|2023|2022|2022|2022|
|||E|E|E|E|E||
|Fund balances at 31||||||||
|March 2023|are|||||||
|represented|by:|||||||
|Tangible assets||32,030|600,000|632,030|36,637|575,000|611,637|
|Current
assets/(liabilities)||734,600||734,600|625,492||625,492|
|||766,630|600,000|1,366,630|662,129|575,000|1,237,129|
##
||2023|2022|
|---|---|---|
||E|E|
|Within one year|2,048|2,048|
|Between two and five years|5,121|7,169|
||7,169|9,217|
##
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##
##
|19|Cash generated
from|Cash generated
from|operations|operations||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|
||||||||||6|
||Surplus
for the year|||||||104,501|83,561|
||Adjustments
for:|||||||||
||Investment
income|recognised||in statement||of financial|activities|(1,256)|(55)|
||Depreciation
and impairment
of tangible||||fixed assets|||8,766|9,673|
||Movements
in working||capital:|||||||
||(Increase)/decrease|in|debtors|||||(34,231)|7,874|
||(Decrease)/increase|in|creditors|||||(19,087)|43,345|
||(Decrease)/increase|in|deferred|income||||(9,913)|3,069|
||Cash generated
from||operations|||||48,780|147,467|