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2021-03-31-accounts
Contents Page
Reference and administrative details
Report ofthe trustees
Independent
auditor's		 report on the financial statements 13
Statement offinancial activities
incorporating
income
&expenditure		 account
Balance sheet 18
Cash flow statement
Notes forming
part of		 the financial statements, incorporating:
Statement
ofaccounting		 policies 20
Other notes to the financial statements

Unrestricted Designated Restricted Total Total
funds fund funds 2021 2020
Notes E E
Income
Income from charitable activities:
income from charitable activities 154,967 1,016,609 1.171,576 884,139
Income from trading activities:
Commercial
operations		 1,150 1,150
Donations 98
Investment
income		 433 433 1,162
Total income 156,550 1,016,609 1,173,159 885,399
Expenditure
Charitable
activities:
Operational
and		 support costs 62,216 1,070,633 1,132,849 845,733
Total expenditure 62,216 1,070,633 1,132,849 845,733
Net incomel(expenditure)
transfers		 before 94,334 (54,024) 40,310 39,666
Gross transfers
between		 funds 12 (35,285) 35,2&5
Net movement
in funds		 59,049 (18,739) 40,310 39,666
Reconciliation
offunds
Total funds brought forward 12 333,573 18,739 352,312 312,646
Total funds carried forward 392,622 392,622 352,312

Notes 2021 2020
E
Cash flow from operating activities 15 188,638 454,038
Net cash flow from operating
activities		 188,638 454,038
Cash flow from investing activities
Payments
to acquire tangible fixed assets		 (880) (1,531)
Interest received 433 1,162
Net cash flow from investing
activities		 (447) (369)
Net increase
in cash and		 cash equivalents 188,191 453,669
Cash and cash equivalents at 1 April 2020 968,639 514,970
Cash and cash equivalents at 31 Ilarch 2021 1,156,830 968,639

c) Income recognition
(continued)		 c) Income recognition
(continued)		 c) Income recognition
(continued)
~ Gifts in kind
Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not
deferred over the life ofthe asset.
~ Interest receivable
Interest
on funds
held
on		 deposit
is		 included
when		 receivable and the amount can be measured
reliably
by the charity; this		 is normally upon notification of the interest paid or payable by the bank.
~ Other income
Other income,
including
the hire of		 facilities,
is recognised		 in the period it is receivable and to the
extent the goods have been provided or on completion of the service.
d) Expenditure
recognition
All expenditure
is accounted
for on		 an accruals basis and has been classified under headings that aggregate
all costs related to the category. Expenditure is recognised
where		 there is a legal or constructive obligation to
make payments
to third
parties,
it		 is probable that the settlement will be required and the amount of the
obligation
can be measured
reliably.		 It is categorised
under the		 following headings:
Costs ofgenerating
funds
These are costs incurred
in attracting		 voluntary
income,		 and those incurred in trading activities that
raise funds.
Charitable
activities
These are costs incurred in activities undertaken
to		 further the purposes of the charity and their
associated
support costs.
Governance
costs
These
include
the costs		 attributable to the
trust's		 compliance
with
constitutional		 and statutory
requirements,
including
independent		 examination,
strategic management		 and trustees' meetings and
reimbursed
expenses.

Unrestricted Restricted Total Total
funds funds 2021 2020
E E E E
Deposit account interest 433 433 1,162
433 433 1,162

Strategic Development Commercial Total Total
representation services activities 2021 2020
E E E E E
Operational and support costs
Staff costs 284,678 45,856 26,010 356,544 290,819
Project costs 694,467 694,467 479,283
Support costs (see note 4) 32,821 40,634 2,931 76,386 71„203
Governance costs (see note 4) 5,452 5,452 4.428
322,951 780,957 28,941 1,132,849 845,733

General Governance Total Total
support function 2021 2020
E E E E
Training
and		 recruitment 1,696 1,696 485
Insurance 2,245 2,245 2.556
General office costs 51,013 51,013 45,743
Independent examiner's remuneration 1,854
Auditor's
remuneration		 4,200 4,200
Accountancy services 12,730 12,730 11,066
Legal and other professional 3,253 3,253 5,0?2
Bank charges 69 69 {164)
Other support costs 5,380 1,252 6,632 9,019
76,386 5,452 81,838 75,631

Net income / (expenditure) / (expenditure) is stated after charging:
Total Total
2021 2020
E E
Depreciation oftangible fixed assets 2,888 2,605
Operating
lease rentals
Premises 28,020 22,020
Office equipment 1,158 1,158
Independent examiner's remuneration 1,854
Auditor's
remuneration		 4,200

Staff costs
Total Total
2021 2020
E E
Wages and salaries 312,459 252,779
Social security costs 31,279 24,324
Pension costs 12,806 13,716
356,544 290,819

The average monthly number ofemployees number ofemployees and
full time equivalents during the year was as
follows: 2021 2021 2020 2020
Number FTE Number FTE
Charitable
activities		 16 15
Management 4 4
20 19 13

ngible fixed assets
Fixtures & Office
fittings equipment Total
E E E
Cost
At 1 April 2020 14,696 72,890 87,586
Additions 880 880
At 31 March 2021 14,696 73,7?0 88,466
Depreciation
At 1 April 2020 14,696 69,174 83,870
Charge for the year 2,888 2,888
At 31 March 2021 14,696 72,062 86,758
Net book values
At 31 March 2021
At 31 March 2020		 1,708
3,716		 1,708
3,716
btors
Total Total
2021 2020
E E
Debtors from operations 25,255 9,155
Prepayments
and accrued income		 23,053 17,328
Other debtors 98,887 90,168
147,195 116,651
reditors
-amounts		 falling due within one year
Total Total
2021 2020
E E
Creditors
from operations		 25,633 33,095
Accruals
and deferred		 income 834,737 587,389
GM2LF Big Local 52,587 112,833
Other creditors 154 3,377
913,111 736,694

Total Total
2021 2020
Deferred income
Deferred income at 1 April 2020 584,585 249,665
Resources deferred in the year 341,299 575,735
Amounts released from previous years (102,844) (240,815)
Deferred income at 31 March 2021 823.040 584,585

At 31 March 2021 the charity was committed At 31 March 2021 the charity was committed At 31 March 2021 the charity was committed At 31 March 2021 the charity was committed to
making
the following
cancellable
operating		 payments
leases:		 under non- Land and
Total		 buildings
Total		 Total
Other		 Total
2021 2020 2021 2020
6 E
Within one year 28,000 28,000 1,158 1,158
Within two to five years inclusive 1,736 2,894
28,000 28,000 2,894 4,052

nalysis of f unds
Balance at Balance at
1 April Incoming Resources 31 March
2020 resources expended Transfers 2021
f E E
Restricted funds
General fund 18,739 1,016,609 (1,070,633) 35,285
Unrestricted funds
General fund 333,573 156,550 (62,216) (35,285) 392,622
Designated fund
333,573 156,550 (62,216) (35.285) 392,622
Total funds 352,312 1,173,159 (1,132,849) 392,622

are repr esented
by:
Unrestricted Restricted Total
funds funds funds
E E E
Tangible fixed assets 1,708 'I,708
Current assets 1,251,438 52,587 1,304,025
Current liabilities (860,524) (52.587) (913,111)
Total net assets 392,622 392,622

Total Total
2021 2020
E E
Net income/(expenditure) for the year 40,310 39,666
Depreciation 2,888 2,605
interest receivable (433) (1,162)
(Increase)
/ decrease		 in debtors (30,544) 18,855
Increase
in creditors		 176,417 394,074
Net cash flow from operating activities 188,638 454.038

The following
related party transactions		 took place during the period:
Black Country Together CIC
A community
interest company
in which the		 2021 2020
charity owns 25% by way ofguarantee E E
Services recharged
to related party during		 the year 70,114 52,969
Amount due from related party at year end 16,490
Krunch
UK
Mr Jon Grant
(trustee) is an employee		 (CEO) of 2021 2020
Krunch
UK		 E
Grants paid to related party during
the year		 29,255
African Speaking French Community Support
Mr Jacques Matensi-Kubanza
(trustee)
trustee (chairman)
ofAfrican Speaking		 is a
French		 2021 2020
Community
Support
Grants paid to related
party during
the year		 15,770