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|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||||
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||||||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|
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|||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|
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|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.|||||||||||||||||||
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||||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|
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||||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|
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|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||
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|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||
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|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|
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|||||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|
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|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|
##
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|||||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|
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|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||