2023-03-31-accounts - Options For Life

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Charity Information
Directors' and Trustees' Report
Report ofthc Auditors
Statement ofFinancial	Activities
Balance Sheet
Cash Flow Statement
Notes to the Financial Statements

				Restricted	Designated	Unrestricted	Total funds	Total funds
				funds	funds	funds	2023	2022
			Notes
Income from:
Donations	&.legacies					8,155	8,155	843
Charitable	activities		2	21461		1,425,462	1,446,723	1,372,035
Other trading activities			2			16,053	16,053	5,426
Investments						5484	5484	3,072
				21,261	0	1,455,054	1,476415	1,381,376
Expenditure on:
Charitable	activities		3,II	34416		1,659,765	1,693,981	1,558,537
				34416	0	1,659,765	1,693,981	1,558,537
Net income	/ (expenditure)			(12,955)	0	(204,711)	(217,666)	(177,161)
Transfer between funds			12		(68,000)	68,000
Net movement in funds				(12,955)	(68,000)	(136,711)	(217,666)	(177,161)
Reconciliation offunds:
Total funds	brought	forward		35,388	773,000	1,477,187	2885,575	2,462,736
Total funds	carried	forward		22,433	7DD,DDD	234D,476	D,II67 939	2,285,575

OPTIONS FOR LIFE	OPTIONS FOR LIFE	OPTIONS FOR LIFE
BALANCE SHEET					Company	No. 3341420
As at 31 March	2023
			Notes	2023		2022
Fixed assets
Tangible assets					1,192,674		1,229,544
Current assets
Debtors				203&266		145,777
Investments				135,002		135,002
Cash at bank and	in hand			572,066		882,051
				910,334		1,162,830
Liabilities
Creditors: Amounts		falling due in
less than one year			10	(35,099)		(106,799)
Net current assets					875,235		1,056,031
Total assets					2,067,909		2,285,575
The Funds ofthe	charity
Restricted funds					22,433		35,388
Unrestricted funds
Designated funds			12		705,000		773,000
Unrestricted funds			12		1,340&476		1,477,187
					2,067,909		2,285,575

				2023	2022
					f
Cas0tlous from operating	act)Yi ties:
Net cash used in operating	activities			(303,440)	(185,785)
Cash lions from imesting	activities:
Dividends, interest and rent from investments				5,385	3,072
Proceeds from the sale ofinvestments				0	160,000
Purchase ofinvestments				0	(135,002)
Purchase ofproperty, plant	and equipment			(11,930)	(14,680)
Net cash provided by investing activities				)l,ll!)	I)!Ill
Reconcilialios ofaet cash	llovr le mmement		in I'unde
Change in cash and cash equivalents		in the year		(309,985)	(172,395)
Cash and cash equivalents	at I April			882,051	1,054,446
Cash and cash equivalents	at 31March			IIIII!!	Il)1)1
Reconciliation sfnest movemeof in funds to
net cash outgow from operatiag activities
Net movement in funds for	the year ended 31 March 2023			(217,665)	(177,161)
Adjustments for:
Depreciation				48,800	50,577
Dividends, interest and rent	Imm investments			(5385)	(3,072)
Decrease/(Increase) in debtors				(57,489)	(113,090)
Increase in other creditom				(71,701)	56,961
Netcash usedia operating	activities			CIII,IIII)	(185,785)
Analysis ofcash and cash equivalenis
Notice deposits (up tn 3 months)				326,584	425,505
Cash in hand				245,482	456,546
Cash and cash equivalents				572,066	882,051

2 Income
							2023	2022
Restricted income								6
Charitable activities
Eveson Trust							5,940
Boshier Hinton Foundation							1,856
Arnold Clark Community	Fund						2,000
Morrisons Foundation							2,661
Tesco Community Grants							1,495
Bruce Wake Trust							2,000
Baily Thomas Charitable	Fund						3&109
Finnis Scott Foundation							1,000
Grimmitt Trust							1,200
Mencap							0	13,426
Kickstart							0	14,649
Screwfix Foundation							0	4,680
The Roger I'c Douglas Charitable				Trust			0	3,000
Sandwell MBC —Community			Infrastructure			Levy	0	508
Will Charitable Trust							0	7,000
Total restricted income from		charitable			activities		7,1,261	43,263
Unrestricted income
Charitable activities
Adult social care —Sandwell		MBC					989,206	960,716
Direct payments							294,093	219,147
NHS Black Country ICB							132&987	109,639
One to One Support —Sandwell				MBC			9,176	8,990
Government Grant - reclaimed			Statutory		Sick Pay			2,113
SMBC - Infection Control	Grant							14,833
SMBC - Omicron Hospitality		Grant						13,334
Total unrestricted income	fram		charitable		activities		1,425,462	1,328,772
Total income from charitable		activities					1,446,723	1,372,035
Other trading activities income
Activities, fund raising and	sales			ofwork			10,108	4,619
Insurance settlement							5,725
Room hire charges								807
Surplus on disposal ofassets							220
							16,053	5,426

Expenditure						2023	2022
Charitable Service	Operational			Costs
Direct staffing costs						1,032,867	880,827
Severance costs						0	19,044
Indirect staff related	costs					8,790	31,536
Premises, repairs and	running		costs			38,246	38,636
Cleaning, personal protective			equipment		and waste disposal	9,921	10,357
Vehicle and transport	costs					52,588	40,815
Activities and materials						46,815	38,859
ITand office costs						11,962	15,370
Depreciation costs						37,397	38,391
Total charitable operational		costs				1,238,586	1,113,835
Management and Support Costs						380,231	377,600
Governance costs						40,948	27,751
Total charitable expenditure						1,659,765	1,519,186

					2023	2022
						I
Management	support costs
Salaries					262,272	264,410
Staffrecruitment,		training,		travel, other	10,100	7,430
06ice costs					66,722	60,213
External professional			support		15,471	16,259
Equipment depreciation					4,641	5,590
Vehicle costs					2,450	3,473
Premises related costs					18,575	20,225
					380,231	377,600
Governance costs
					2023	2022
Audit					33,778	9,264
Other insurance	costs				4,152	6,716
Bank charges					1,693	1,974
Professional dc	consultancy			fees	807	9,450
Miscellaneous					518	347
					40,948	27,751

		2023	2022
Wages	&salaries	1,174,413	1,046,897
Social	security costs	73,897	62,840
Pension	costs	36,208	31,521
		Ir284r518	1 141258

			Number	Number
The average monthly	number ofstaff employed	by the charity
during the year wss	as follows:
Administrative			10	10
Project based			56	49
			66	59

			Office
	Freehold properties	Leasehold Improvements	equipment I fixtures &	Vehicles	Total
			fittings
Cost
As at I April 2022	1,585,963	34,172	187,164	30,150	1,837,449
Additions			11,930		11,930
Disposals				(7,450)	(7,450)
As at31 March 2023	1,585,963	34,172	199,094	22,700	1,841,929
Depreciation
As at I April 2022	413,737	9,206	154,812	30,150	607,905
Charge for the year	27,521	3,417	17,862		48,800
Disposals				(7,450)	(7,450)
As at 31 March 2023	441,258	12,623	I72,674	22,700	649,255
Net Book Value
As at 31 March 2023	1,144,705	21,549	26,420		1,192,674
As at 31 March 2022	I,172,226	24,966	32,352		1,229,544

7	Debtors
					2023	2022
	Trade debtors				132,765	55,153
	Prepayments	&sundry		debtors	70,501	90,624
					203,266	145,777
8	Investments
					2023	2022
	Market value brought		forward		135,002	160,000
	Additions to investments			at cost	0	135,002
	Disposals at carrying		value		0	(160,000)
	Market value as at 31		March		135&002	135,002
	Comprised:
	Investments at	fair value		comprised
	Cash on deposit				135,002	135,002
9	Bank and cash
					2023	2022f
	Bank accounts				567,224	877,145
	Petty cash				4.842	4906
					572,066	882,051
10	Creditors: Amounts		falling due in less than one year
					2023	2022
	Trade creditors				8,257	6,508
	Accrued expenses				13,153	72,210
	Tax and social	security			13,689	17,846
	Pensions				0	6,890
	Other creditors				0	3,345
					35,099	106,799

Restrictive Funds
					I April 2022						Income						Expenditure			31March 2023
External Grants
Eveson Trust													5,940						(5,940)	0
Boshier Hinton Foundation													1,856						(1,658)	198
Arnold Clark Community			Fund										2,000						(2,000)	0
Morrisons Foundation													2,661						(1,796)	865
Tesco Community Grants													1,495						(1,495)	0
Bruce Wake Trust													2,000						(1,725)	275
Baily Thomas Charitable			Fund										3,109						(1,770)	1,339
Finnis Scott Foundation													1,000						(729)	271
Grimmitt Trust													1,200						0	1,200
Roger &.Douglas Turner		Charitable Trust					3,000						0						(2,832)	168
Will Charitable Trust							7,000						0						(7,000)	0
Sandwell Council							508						0						(508)	0
Clothworkers Foundation							9,735						0						(2,062)	7,673
Richardson Brothers							3,000						0						(3,000)	0
Turner Trust							346						0						(346)	0
Edward Gostling Foundation							2,632						0						(355)	2.277
Baily Thomas Charitable		Fund					9,167						0						(1,000)	8, 167
Total restricted funds						35,388						21,261						(34,216)		22,433
Further information on	all		funds	held during 2022/23:
Eveson Trust				Funding	towards	improved			design				and configuration						of the
				chari website and			marketin			and		remotion			materials.
Bushier Hinton Foundation				Used for	artici ant		football		e	ui ment and				stri			s
Arnold Clark Community	Fund			Creation ofa beauty			salon	at Oak Green Lodge								for		participant
				activities	and trainin		.
Morrisons Foundation				Additional	contribution towards						new		beau	salon
Tesco Community Grants				To enable	participants to				all	attend			Christmas				meals. Also
				fundin for decorations and					activities				and ifts
Bruce Wake Trust				To fund participant			trips to	theatre in					particular			those requiring
				wheelchair	access
Bail Thomas Charitable	Fund			Resources	for new	sense		room			at	Ocker Hill			hub
Finnis Scott Foundation				Get "Green Fin ered" ro'ect for							a	local allotment						lot
Grimmitt Trust				Materials	for sense		arden		at	Acorn			Lodae
The Roger and Douglas	Turner			To develop further		the Lets		Go		Digital project,
Charitable Trust
Sandwell Council —Community				To assist in purchasing ofcomputer								tablets for			participants.
Infrastructure Le Fund
Will Charitable Trust				To urchases additional musical						e ui			ment for sessions.
Clothworkers Foundation Richardson Brothers		and		Prior year purchase ofinusic and Lodae —now de reciation costs							sensory equipment							at Acorn
Turner Trust				Prior year	purchase		musical		instruments —now								depreciation
			costs
Edward Gosling Foundation			Prior year		wet room		improvements					at	the Ashes				centre		—now
			de reciation cus(s
Baily Thomas Charitable Fund			Prior year		supported		living		flat	renovation at					Ashes			centre-
			now de reciation costs

12	Unrestricted	Unrestricted	funds	funds
											2023	2022
												6
	Unrestricted		capital		funds	brought			forward		1,477,187	1,719,260
	Movement		for the year								(204,711)	(181,073)
	Transfer to/&om			Designated			Funds				68,000	(61,000)
	Unrestricted		funds		carried	forward					1,340,476	1,477,	187
12	Designated		funds
											2023	2022
	Designated		funds	brought		forward					773,000	712,000
	Movement	in the		year							(68,000)	61,000
	Total designated			funds carried				forward			705,000	773,000
	Total unrestricted				funds						2,045&476	2,250,187
13	Analysis of	net assets between						funds
										Tangible fixed	Other net assets/
										assets	liabilities		Total
	Restricted										22,433		22,433
	Unrestricted		Funds
	Designated	funds									705,000		705,000
	Unrestricted	funds								1,192,674	147,802		1340,476
										1,192,674	875,235		2,067,909

At 31 March 2023 the Company	under non-cancellable leases	in respect ofminibuses
and photocopiers:
	2023	2022
Within one year	16,523	32,178
Within two to five years	15,232	16,801
	31,755	48,979

				Restricted	Designated	Unrestricted	Total funds
				funds	funds	funds	2022
			Notes		f
Income from:
Donations //s legacies						843	843
Charitable activities			2	43,263		1,328,772	1,372&035
Other trading activities			2			5,426	5,426
Investments						3,072	3,072
				43,263	0	1,338,113	IP81,376
Expenditure on:
Charitable activities			3	39,351		1,519,186	1,558,537
Net (expenditure)	/	income		3,912		(181,073)	(177,161)
Transfer between funds					61,000	(61,000)
Net movement in funds				3,912	61,000	(242,073)	(177,161)
Reconciliation of	funds:
Total funds brought		forward		31,476	712,000	1,719,260	2,462,736
Total funds carried	forward			35,388	773,000	1,477,187	2,285,575