##
|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|9|
|Report ofthe Independent
Auditors|10|to|13|
|Statement ofFinancial Activities||14||
|Balance Sheet||15||
|Cash Flow Statement||16||
|Notes to the Cash Flow Statement||17||
|Notes to the Financial Statements|18|to|30|
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|for the Year Ended 31 March 2|023||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Notes|f|E||F|
|INCOME AND ENDOWMENTS|FROM||||||
|Donations
and legacies||2|368,105|38,221|406,326|352,221|
|Charitable
activities|||||||
|Accommodation
charges|||1,140,822||1,140,822|966,425|
|Grants and contracts|||770,933|1,096,792|1,867,725|1,439,515|
|Investment
income|||4,085||4,085|293|
|Other income|||35,301||35,301|27,767|
|Total|||2,319,246|1,135,013|3,454,259|2,786,221|
|EXPENDITURE ON|||||||
|Raising funds||5|159,554||159,554|173,101|
|Charitable
activities|||||||
|Refuge costs|||1,017,818|1,078,246|2,096,064|1,763,617|
|Special projects|||859,538||859,538|860,310|
|Total|||2,036,910|1,078,246|3,115,156|2,797,028|
|NET INCOME/(EXPENDITURE)|||282,336|56,767|339,103|(10,807)|
|Transfers
between funds||19|(2,000)|2,000|||
|Net movement
in funds|||280,336|58,767|339,103|(10,807)|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought
forward|||1,990,895|284,791|2,275,686|2,286,493|
|TOTAL FUNDS CARRIED FORWARD|||2,271,231|343,558|2,614,789|2,275,686|
##
|Balance Sheet
31 March 2023||||||
|---|---|---|---|---|---|
|||||2023|2022|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|f|E||E|
|FIXEDASSETS||||||
|Tangible assets|12|1,971,366||1,971,366|1,418,100|
|CURRENT ASSETS||||||
|Debtors|13|240,223|15,736|255,959|495,247|
|Cash at bank||728,234|470,072|1,198,306|637,479|
|||968,457|485,808|1,454,265|1,132,726|
|CREDITORS||||||
|Amounts
falling due within one year|14|(168,633)|(142,250)|(310,883)|(140,740)|
|NET CURRENT ASSETS||799,824|343,558|1,143,382|991,986|
|TOTAL ASSETS LESSCURRENT||||||
|LIABILITIES||2,771,190|343,558|3,114,748|2,410,086|
|CREDITORS||||||
|Amounts
falling due after more than one year|15|(499,959)||(499,959)|(134,400)|
|NET ASSETS||2,271,231|343,558|2,614,789|2,275,686|
|FUNDS|19|||||
|Unrestricted
funds||||2,271,231|1,990,895|
|Restricted funds||||343,558|284,791|
|TOTAL FUNDS||||2,614,789|2,275,686|
##
||||||2023|2022|
|---|---|---|---|---|---|---|
|||||Notes|E|F|
|Cash flows from|operating||activities||||
|Cash generated
from operations||||1|805,897|(152,491)|
|Net cash provided|by/(used||in) operating|activities|805,897|(152,491)|
|Cash flows from|investing||activities||||
|Purchase oftangible
fixed assets|||||(630,114)|(224,005)|
|Interest received|||||4,085|293|
|Net cash used
in|investing|activities|||(626,029)|(223,712)|
|Cash flows from|financing||activities||||
|New loans
in year|||||385,000|140,000|
|Loan repayments|in year||||(4,041)||
|Net cash provided|by financing
activities||||380,959|140,000|
|Change
in cash|and cash||equivalents||||
|in the reporting|period||||560,827|(236,203)|
|Cash and cash equivalents|||at the||||
|beginning
ofthe|reporting||period||637,479|873,682|
|Cash and cash equivalents|||at the end||||
|ofthe reporting|period||||1,198,306|637,479|
|RECONCILIATION|OF NET INCOME/(EXPENDITURE)|OF NET INCOME/(EXPENDITURE)|OF NET INCOME/(EXPENDITURE)|OF NET INCOME/(EXPENDITURE)|TO NET CASH FLOW FROM|OPERATING|
|---|---|---|---|---|---|---|
|ACTIVITIES|||||||
||||||2023|2022|
|Net income/(expenditure)||for the reporting||period (as|per the||
|Statement ofFinancial||Activities)|||339,103|(10,807)|
|Adjustments
for:|||||||
|Depreciation
charges|||||76,848|60,022|
|Interest received|||||(4,085)|(293)|
|Decrease/(increase)|in debtors||||239,288|(123,606)|
|Increase/(decrease)|in creditors||||154,743|(77,807)|
|Net cash provided|by/(used||in) operations||805,897|(152,491)|
##
|ANALYSIS OF CHAN|GES
IN NET FUNDS||||
|---|---|---|---|---|
|||At1.4.22|Cash flow|At 31.3.23|
|||F|E|f|
|Net cash|||||
|Cash at bank||637,479|560,827|1,198,306|
|||637,479|560,827|1,198,306|
|Debt|||||
|Debts falling due within|1 year|(5,600)|(15,400)|(21,000)|
|Debts falling due after 1 year||(134,400)|(365,559)|(499,959)|
|||(140,000)|(380,959)|(520,959)|
|Total||497,479|179,868|677,347|
##
##
##
##
##
##
##
##
|to the Financial Statements
-
Year Ended 31 March 2023|to the Financial Statements
-
Year Ended 31 March 2023|to the Financial Statements
-
Year Ended 31 March 2023|conti|nu|ed||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|DONATIONS
AND LEGACIES|||||||||||||
||||||||||||2023|2022|
|||||||||||||E|
|Gifts|||||||||||122,560|108,392|
|Donations|||||||||||278,766|243,829|
|Legacies|||||||||||5,000||
||||||||||||406,326|352,221|
|INVESTMENT INCOME|||||||||||||
||||||||||||2023|2022|
|||||||||||||E|
|Deposit account interest|||||||||||4,085|293|
|INCOME FROM CHARITABLE|||ACTIVITIES||||||||||
||||||||||||2023|2022|
|||Activity||||||||||f.|
|Accommodation
charges||Accommodation|||||charges||||1,140,822|966,425|
|Grants||Grants||and contracts|||||||1,867,725|1,439,515|
||||||||||||'3,008,547|2,405,940|
|Grants received,
included||in the|above,||are as||follows:||||||
||||||||||||2023|2022|
|BBCChildren
in Need|||||||||||36,140|32,670|
|CWC Housing
Related|Support||Services||||||||8,000|(5,937)|
|City ofWolverhampton|Council||- Contract 'Services|||||to|women|who|||
|are victims ofdomestic|violence||and|abuse'|||||||710,483|716,477|
|Police 8 Crime Commissioner
'Victims|||||Funding||EOI'||||106,101|131,878|
|Comic Relief||||||||||||2,076|
|Barclays 100X100UK COVID-19 Community|||||||Relief|Fund||||75,000|
|DVPP|||||||||||32,038|36,526|
|BBCChildren
In Need's|COVID-19 Next Steps||||||Programme
part||||||
|funded
by the Department||for Culture,|||Media|and Sport (DCMS)||||||62,066|
|Charles
Hayward
Foundation|||||||||||23,500|23,500|
|Sainsbury's
Community|Grant Scheme|||||||||||1,500|
|City ofWolverhampton|Council||- Dept.||for Education|||||||1,464|
|Supported
by Norfolk Community
Foundation||||||through|||Bolton|Trust|||
|Revenue
Fund|||||||||||4,000||
|Volant Charitable
Trust||||||||||||14,768|
|City ofWolverhampton|Council||- Contract Services to||||||women|who|||
|are victims ofdomestic|violence||and|abuse|||||||602,012|200,671|
|5/344 Transport
8 General||Workers||Union Benevolent|||||Fund Charity|||20,000|
|Schroder Charity Trust||||||||||||5,000|
|Police 8 Crime Commisioner
Fund E01|||||||||||101,407|48,000|
|Swire Charitable
Trust||||||||||||10,000|
|The 29th May 1961Charity||||||||||||6,000|
|The WISH Fund Catalytic Grant|||programme|||supported|||by the||||
|Clothworkers'
Foundation|||||||||||5,000||
|The Wolverhampton
VCR||Partnership|||- Community|||Renewal||Fund|8,431||
|Carried forward|||||||||||1,637,112|1,381,659|
##
##
##
##
|INCOME FROM CHAR|IT|ABLE AC|TIVITIES -|continued|||
|---|---|---|---|---|---|---|
||||||2023|2022|
|||||||E|
|Brought forward|||||1,637,112|1,381,659|
|National
Grid Electricity|Distribution||Community|Matters Fund|9,500||
|Henry Smith Charity|||||25,725||
|Santander
UK Foundation||Limited|||14,795||
|Sandwell
Metropolitan|Borough Council||||15,350||
|Sandwell
Metropolitan|Borough Council||||15,950||
|Telford &Wrekin Council|||||26,639||
|Hemraj Goyal Foundation|||||11,992||
|Other Grants|||||110,662|57,856|
||||||1,867,725|1,439,515|
##
##
##
|Other trading
activities||||
|---|---|---|---|
|||2023|2022|
||||E|
|Staff costs||93,316|108,227|
|Other direct costs||17,409|19,215|
|Support costs||48,829|45,659|
|||159,554|173,101|
|CHARITABLE ACTIVITIES COSTS||||
|||Support||
||Direct|costs (see||
||Costs|note 7)|Totals|
|||E|E|
|Refuge costs|1,670,716|425,348|2,096,064|
|Special projects|582,985|276,553|859,538|
||2,253,701|701,901|2,955,602|
##
##
|SUPPORT C||OSTS||||||
|---|---|---|---|---|---|---|---|
|||||||Governance||
||||||Other|costs|Totals|
||||||F|E|F|
|Other trading||activities|||48,829||48,829|
|Refuge costs|||||425,348||425,348|
|Special projects|||||259,910|16,643|276,553|
||||||734,087|16,643|750,730|
|Support costs, included|||in the above, are as follows:|||||
|||||||2023|2022|
||||Other|||||
||||trading|Refuge|Special|Total|Total|
||||activities|costs|projects|activities|activities|
||||f.|E|E||F|
|Wages|||31,369|294,867|188,735|514,971|344,979|
|Premises
related|||1,215|8,262|4,952|14,429|29,330|
|Office supplies||and||||||
|services|||14,748|100,299|60,120|175,167|210,312|
|Financial costs||||11,738||11,738||
|Depreciation|oftangible|||||||
|fixed assets|||1,497|10,182|6,103|17,782|25,699|
|Wages - Governance|||||3,708|3,708|3,504|
|Governance|costs||||11,112|11,112|10,388|
|Sundry costs-||||||||
|Governance|||||1,823|1,823|1,478|
||||48,829|425,348|276,553|750,730|625,690|
##
|||2023|2022|
|---|---|---|---|
|||f|F|
|Depreciation
- owned assets||76,848|60,022|
|Auditors'|remuneration|8,400|8,400|
|Operating|leases|72,441|30,552|
##
##
||||2023|2022|
|---|---|---|---|---|
||||E|F|
|Subscriptions|||199|254|
|Recruitment|||12||
|Trustee indemnity|insurance|for all trustees|1,154|1,764|
##
##
|STAFF COSTS|||
|---|---|---|
||2023|2022|
||E|E|
|Salaries and wages|1,647,280|1,545,857|
|Agency|22,487|1,2,704|
|Social security|134,841|102,693|
|Pension costs|101,675|74,070|
|Health care|4,389|2,651|
||1,910,672|1,737,975|
##
|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|Charitable|activities|||||63|60|
|Fundraising||||||3|3|
|Support||||||6|5|
|||||||72|68|
|No employees||received emoluments||in excess off60,000.||||
|COMPARATIVES FOR THE STATEMENT OF FINANCIAL|||||ACTIVITIES|||
||||||Unrestricted|Restricted|Total|
||||||funds|funds|funds|
|||||||F||
|INCOME AND||ENDOWMENTS|FROM|||||
|Donations|and|legacies|||323,984|28,237|352,221|
|Charitable|activities|||||||
|Accommodation||charges|||966,425||966,425|
|Grants and|contracts||||710,540|728,975|1,439,515|
|Investment|income||||293||293|
|Other income|||||27,557|210|27,767|
|Total|||||2,028,799|757,422|2,786,221|
##
|for th|e Year Ended 31 March 2023|e Year Ended 31 March 2023||||||
|---|---|---|---|---|---|---|---|
|11.|COMPARATIVES FOR THE||STATEMENT OF FINANCIAL||ACTIVITIES - continued|||
||||||Unrestricted|Restricted|Total|
||||||funds|funds|funds|
||||||||E|
||EXPENDITURE ON|||||||
||Raising funds||||173,101||173,101|
||Charitable
activities|||||||
||Refuge costs||||996,280|767,337|1,763,617|
||Special projects||||860,310||860,310|
||Total||||2,029,691|767,337|2,797,028|
||NET INCOME/(EXPENDITURE)||||(892)|(9,915)|(10,807)|
||Transfers
between|funds|||150,080|(150,080)||
||Net movement
in funds||||149,188|(159,995)|(10,807)|
||RECONCILIATION|OF FUNDS||||||
||Total funds brought|forward|||1,841,707|444,786|2,286,493|
||TOTAL FUNDS CARRIED FORWARD||||1,990,895|284,791|2,275,686|
|12.|TANGIBLE FIXEDASSETS|||||||
|||||Fixtures||||
||||Freehold|and|Motor|Computer||
||||property|fittings|vehicles|equipment|Totals|
|||||E|E||E|
||COST|||||||
||At 1 April 2022||1,794,199|157,635|12,995|213,605|2,178,434|
||Additions||563,993|66,121|||630,114|
||Disposals||||(12,995)||(12,995)|
||At 31 March 2023||2,358,192|223,756||213,605|2,795,553|
||DEPRECIATION|||||||
||At 1 April 2022||387,016|146,718|12,995|213,605|760,334|
||Charge for year||47,152|29,696|||76,848|
||Eliminated
on disposal||||(12,995)||(12,995)|
||At 31 March 2023||434,168|176,414||213,605|824,187|
||NET BOOK VALUE|||||||
||At 31 March 2023||1,924,024|47,342|||1,971,366|
||At 31 March 2022||1,407,183|10,917|||1,418,100|
##
##
||2023|2022|
|---|---|---|
|Cost|1,248,865|1,248,865|
|Depreciation|i575 2133|(550 2360)|
|Net Book Value|673652|696629|
##
##
##
|DEBTORS:A|MOUNT|S
F|AL|LING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|---|---|
||||||2023
f|2022
f|
|Other debtors|||||233,645|149,979|
|Less reserves|for bad|debts|||(9,293)|(26,268)|
|Prepayments|and accrued||income||31,607|371,536|
||||||255,959|495,247|
|CREDITORS:|AMOUNTS||FALLING DUE WITHIN ONE YEAR||||
||||||2023
f|2022
f|
|Bank loans and overdrafts|||(see note 16)||21,000|5,600|
|Social security|and other taxes||||29,743|29,847|
|Other creditors|||||58,402|66,530|
|Accruals and deferred||income|||59,488|35,793|
|Deferred income|||||142,250|2,970|
||||||310,883|140,740|
|CREDITORS:|AMOUNTS||FALLING DUE AFTER MORE THAN ONE YEAR||||
||||||2023
f|2022
f|
|Bank loans (see note||16)|||499,959|134,400|
|LOANS|||||||
|An analysis of|the maturity||of|loans is given below:|||
||||||2023
f|2022|
|Amounts
falling due within|||one year on demand:||||
|Bank loans|||||21,000|5,600|
|Amounts
falling due between||||two and five years:|||
|Bank loans -2-5years|||||84,000|22,400|
##
##
##
##
|16.|LOANS -||continued|||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
||Amounts|falling due in more than five years:||||||
||Repayable||by instalments:|||||
||Bank loans more 5 yr by instal|||||415,959|112,000|
|17.|LEASING||AGREEMENTS|||||
||Minimum||lease payments|under non-cancellable|operating|leases fall due as follows:||
##
||||2023|2022|
|---|---|---|---|---|
|||||F|
|Within one year|||104,048|33,072|
|Between one|and five years||94,628|66,456|
||||198,676|99,528|
|SECURED DEBTS|||||
|The following|secured debts are included|within creditors:|||
||||2023|2022|
|Bank loans|||520,959|140,000|
##
|MOVEMENT
IN FU|NDS|||||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between|At|
|||At 1.4.22|in funds|funds|31.3.23|
||||E|F|P|
|Unrestricted
funds||||||
|General fund||1,990,895|282,336|(2,000)|2,271,231|
|Restricted funds||||||
|Property
Renovation|-grants and|||||
|donations||43,310|||43,310|
|Family & Children's|Projects|34,220|3,984|2,000|40,204|
|Advice and Support|Projects|191,277|36,098||227,375|
|Core Provision/Services||6,133|||6,133|
|Counselling||9,851|10,144||19,995|
|Staff Grants|||6,541||6,541|
|||284,791|56,767|2,000|343,558|
|TOTAL FUNDS||2,275,686|339,103||2,614,789|
##
##
|Net movement|in fu|nds,
included
in the abov|e are as follows:|||
|---|---|---|---|---|---|
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
||||E|F|E|
|Unrestricted|funds|||||
|General fund|||2,319,246|(2,036,910)|282,336|
|Restricted funds||||||
|Family & Children's||Projects|755,129|(751,145)|3,984|
|Advice and Support||Projects|298,800|(262,702)|36,098|
|Counselling|||20,667|(10,523)|10,144|
|Staff Grants|||60,417|(53,876)|6,541|
||||1,135,013|(1,078,246)|56,767|
|TOTAL FUNDS|||3,454,259|(3,115,156)|339,103|
##
|Comparativ|es|for|move|ment
in funds|||||
|---|---|---|---|---|---|---|---|---|
|||||||Net|Transfers||
|||||||movement|between|At|
||||||At 1.4.21|in funds|funds|31.3.22|
||||||E'|E|F||
|Unrestricted||funds|||||||
|General fund|||||1,841,707|(892)|150,080|1,990,895|
|Restricted|funds||||||||
|Property
Renovation|||-grants and||||||
|donations|||||169,810|17,682|(144,182)|43,310|
|Family 8 Children's|||Projects||65,036|(29,383)|(1,433)|34,220|
|Advice and|Support||Projects||168,859|22,418||191,277|
|International||Projects|||4,168||(4,168)||
|Core Provision/Services|||||17,692|(11,559)||6,133|
|Counselling|||||18,490|(8,639)||9,851|
|Volunteers|8|Community||Engagement|731|(434)|(297)||
||||||444,786|(9,915)|(150,080)|284,791|
|TOTAL FUNDS|||||2,286,493|(10,807)||2,275,686|
##
##
|Comparative
net mo|veme|nt
in funds, included
in|the above are as follows:|||
|---|---|---|---|---|---|
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
||||F|E|E|
|Unrestricted
funds||||||
|General fund|||2,028,799|(2,029,691 )|(892)|
|Restricted funds||||||
|Property
Renovation|-grants and|||||
|donations|||24,182|(6,500)|17,682|
|Family & Children's|Projects||357,752|(387,135)|(29,383)|
|Advice and Support|Projects||326,712|(304,294)|22,418|
|Core Provision/Services|||48,776|(60,335)|(11,559)|
|Counselling||||(8,639)|(8,639)|
|Volunteers
&Community||Engagement||(434)|(434)|
||||757,422|(767,337)|(9,915)|
|TOTAL FUNDS|||2,786,221|(2,797,028)|(10,807)|
|A current y|ea|r 12m|onths|and prior year|12 months combine|d
position
is as|follows:||
|---|---|---|---|---|---|---|---|---|
|||||||Net|Transfers||
|||||||movement|between|At|
||||||At 1.4.21|in funds|funds|31.3.23|
||||||F|E|E||
|Unrestricted||funds|||||||
|General fund|||||1,841,707|281,444|148,080|2,271,231|
|Restricted|funds||||||||
|Property
Renovation|||-grants and||||||
|donations|||||169,810|17,682|(144,182)|43,310|
|Family 8 Children's|||Projects||65,036|(25,399)|567|40,204|
|Advice and|Support||Projects||168,859|58,516||227,375|
|International||Projects|||4,168||(4,168)||
|Core Provision/Services|||||17,692|(11,559)||6,133|
|Counselling|||||18,490|1,505||19,995|
|Volunteers|&|Community||Engagement|731|(434)|(297)||
|Staff Grants||||||6,541||6,541|
||||||444,786|46,852|(148,080)|343,558|
|TOTAL FUNDS|||||2,286,493|328,296||2,614,789|
##
##
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
|||||E||
|Unrestricted
funds||||||
|General
fund|||4,348,045|(4,066,601 )|281,444|
|Restricted funds||||||
|Property
Renovation|-grants and|||||
|donations|||24,182|(6,500)|17,682|
|Family & Children's|Projects||1,112,881|(1,138,280)|(25,399)|
|Advice and Support|Projects||625,512|(566,996)|58,516|
|Core Provision/Services|||48,776|(60,335)|(11,559)|
|Counselling|||20,667|(19,162)|1,505|
|Volunteers
&Community||Engagement||(434)|(434)|
|Staff Grants|||60,417|(53,876)|6,541|
||||1,892,435|(1,845,583)|46,852|
|TOTAL FUNDS|||6,240,480|(5,912,184)|328,296|
|Transfers
between|funds|||||
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