| Contents | Page | |||||
| Reference and administrative | details | |||||
| Report ofthe trustees | ||||||
| Independent auditor's |
report | on the financial statements | 13 | |||
| Statement of financial |
activities | 17 | ||||
| incorporating income &expenditure |
account | |||||
| Balance sheet | 18 | |||||
| Cash flow statement | 19 | |||||
| Notes forming part of |
the financial statements, |
incorporating: | ||||
| Statement of accounting |
policies | 20 | ||||
| Other notes to the | financial | statements | 23 |
| Unrestricted | Designated | Restricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|---|
| funds | fund | funds | 2022 | 2021 | |||||
| Notes | f | F | F | ||||||
| Income | |||||||||
| Income from charitable | activities: | ||||||||
| Income from charitable | activities | 151,749 | 1,421,362 | 1,573,111 | 1,171,576 | ||||
| Income from trading | activities: | ||||||||
| Commercial operations |
2,025 | 2,025 | 1,150 | ||||||
| investment income |
1,544 | 1,544 | |||||||
| Total income | 155,318 | 1,421,362 | 1,576,680 | 1,173,159 | |||||
| Expenditure | |||||||||
| Charitable activities: |
|||||||||
| Operational and |
support | costs | 90,546 | 1,453,137 | 1,543,683 | 1,132,849 | |||
| Total expenditure | 90,546 | 1,453,137 | 1,543,683 | 1,132,849 | |||||
| Net income/(expenditure) transfers |
before | 64,772 | (31,775) | 32,997 | 40,310 | ||||
| Gross transfers between |
funds | 12 | (145.212) | 113,437 | 31,775 | ||||
| Net movement in funds |
(80,440) | 113,437 | 32,997 | 40,310 | |||||
| Reconciliation offunds |
|||||||||
| Total funds brought | forward | 12 | 392,622 | 392,622 | 352,312 | ||||
| Total funds carried | forward | 312,182 | 113,437 | 425,619 | 392,622 |
| Notes | 2022 | 2021 | |||
|---|---|---|---|---|---|
| f | |||||
| Cash flow from operating | activities | 15 | 810,865 | 188,638 | |
| Cash flow from investing | activities | ||||
| Payments to acquire tangible |
fixed assets | (1,054) | (880) | ||
| Interest received | 1,544 | 433 | |||
| Net cash flow from investing | activities | 490 | (447) | ||
| Net increase in cash and |
cash equivalents | 811,355 | 188,191 | ||
| Cash and cash equivalents | at | 1 April 2021 | 1,156,830 | 968,639 | |
| Cash and cash equivalents | at 31 March 2022 | 1,968,185 | 1,156,830 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | 2022 | 2021 | |||
| f | ||||||
| Deposit | account | interest | 1,544 | 1,544 | 433 | |
| 1,544 | 1,544 | 433 |
| Strategic | Development | Commercial | Total | Total | ||
|---|---|---|---|---|---|---|
| representation | services | activities | 2022 | 2021 | ||
| f | ||||||
| Operational | and support costs | |||||
| Staff costs | 307,276 | 49,497 | 28,075 | 384,848 | 356,544 | |
| Project costs | 1,067,319 | 1,067,319 | 694,467 | |||
| Support costs (see note 4) | 36,616 | 45,332 | 3,270 | 85,218 | 76,386 | |
| Governance | costs (see note 4) | 6,298 | 6,298 | 5,452 | ||
| 350,190 | 1,162,148 | 31,345 | 1,543,683 | 1,132,849 |
| General | Governance | Total | Total | |||
|---|---|---|---|---|---|---|
| support | function | 2022 | 2021 | |||
| Z | ||||||
| Training | and | recruitment | 2,725 | 2,725 | 1,696 | |
| Insurance | 2,555 | 2,555 | 2,245 | |||
| General | office costs | 60,574 | 60,574 | 51,013 | ||
| Auditor's | remuneration | 4,230 | 4,230 | 4,200 | ||
| Accountancy | services | 12,698 | 12,698 | 12,730 | ||
| Legal and other professional | 2,902 | 2,902 | 3,253 | |||
| Bank charges | 97 | 97 | 69 | |||
| Other supporl | costs | 3,667 | 2,068 | 5,735 | 6,632 | |
| 85,218 | 6,298 | 91,516 | 81,838 |
| Net income I (expenditure) | Net income I (expenditure) | is stated after | charging: | |||||
|---|---|---|---|---|---|---|---|---|
| Total | Total | |||||||
| 2022 | 2021 | |||||||
| E | E | |||||||
| Depreciation of tangible |
fixed assets | 649 | 2,888 | |||||
| Operating lease rentals |
||||||||
| Premises | 27,865 | 28,020 | ||||||
| Office equipment | 1,158 | 1,158 | ||||||
| Auditor's remuneration |
4,230 | 4,200 | ||||||
| 6. | Trustees and key management |
personnel | remuneration | and expenses |
| Staff costs; | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Total | Total | ||||||||
| 2022 | 2021 | ||||||||
| E | E | ||||||||
| Wages and salaries | 338,600 | 313,765 | |||||||
| Social security | costs | 32,356 | 29,973 | ||||||
| Pension costs | 13,892 | 12,806 | |||||||
| 384,848 | 356,544 | ||||||||
| No employees | received total | employee | benefits of more than E60,000. | ||||||
| Staff numbers | |||||||||
| The average monthly |
number | of employees | and | ||||||
| full time equivalents | during the year was | as | |||||||
| follows: | 2022 | 2022 | 2021 | 2021 | |||||
| Number | FTE | Number | FTE | ||||||
| Charitable activities |
13 | 12 | 12 | 11 | |||||
| Management | 4 | 4 | 4 | 4 | |||||
| 17 | 15 |
| ngible fixed a | ssets | |||||
|---|---|---|---|---|---|---|
| Fixtures 8 | Office | |||||
| fittings | equipment f |
Total | ||||
| Cost | ||||||
| At 1 April 2021 | 14,696 | 73,770 | 88,466 | |||
| Additions | 1,054 | 1,054 | ||||
| At 31 March | 2022 | 14,696 | 74,824 | 89,520 | ||
| Depreciation | ||||||
| At 1 April 2021 | 14,696 | 72,062 | 86,758 | |||
| Charge for the year | 649 | 649 | ||||
| At 31 March 2022 | 14,696 | 72,711 | 87,407 | |||
| Net book values | ||||||
| At 31 March 2022 | 2,113 | 2,113 | ||||
| At 31 March 2021 | 1,708 | 1,708 | ||||
| btors | ||||||
| Total | Total | |||||
| 2022 | 2021 | |||||
| K | ||||||
| Debtors from | operations | 10,223 | 25,255 | |||
| Prepayments | and accrued income | 15,784 | 23,053 | |||
| Other debtors | 289,562 | 98,887 | ||||
| 315,569 | 147,195 | |||||
| reditors -amounts |
falling due within one year | |||||
| Total | Total | |||||
| 2022 | 2021 | |||||
| Z | f. | |||||
| Creditors from |
operations | 117,969 | 25,633 | |||
| Accruals and deferred | income | 1,690,739 | 834,737 | |||
| GM2LF Big Local | 50,551 | 52,587 | ||||
| Other creditors | 989 | 154 | ||||
| 1,860,248 | 913,111 |
| reditors | - amounts | falling due within one year (continued) | ||
|---|---|---|---|---|
| Total | Total | |||
| 2022 | 2021 | |||
| Deferred | income | |||
| Deferred | income at 1 April 2021 | 823,040 | 584,585 | |
| Resources deferred | in the year | 1,313,625 | 341,299 | |
| Amounts | released | from previous years | (456,690) | (102,844) |
| Deferred | income at 31 March 2022 | 1,679,975 | 823,040 |
| At 31 March | At 31 March | 2022 the | charity was committed | charity was committed | charity was committed | to | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| making the following cancellable operating |
payments leases: |
under non- | Land and Total |
buildings Total |
Total Other Total |
|||||
| 2022 | 2021 | 2022 | 2021 | |||||||
| F | ||||||||||
| Within | one year | 28,000 | 28,000 | 1,158 | 1,158 | |||||
| Within | two to five years inclusive | 578 | 1,736 | |||||||
| 28,000 | 28,000 | 1,736 | 2,894 | |||||||
| nalysis | offunds | |||||||||
| Balance at | Balance at | |||||||||
| 1 | April | Incoming | Resources | 31 March | ||||||
| 2021 f |
resources | expended | Transfers F |
2022 | ||||||
| Restricted funds | ||||||||||
| General | fund | 1,421,362 | (1,453,137) | 31,775 | ||||||
| Unrestricted | funds | |||||||||
| General | fund | 392,622 | 155,318 | (90,546) | (145,212) | 312,182 | ||||
| Designated fund |
113,437 | 113,437 | ||||||||
| 392,622 | 155,318 | (90,546) | (31,775) | 425,619 | ||||||
| Total funds | 392,622 | 1,576,680 | ~(1,543,683 | 425,619 |
| are repr | esenled by: |
|||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| f. | f. | |||
| Tangible | fixed assets | 2.113 | 2,113 | |
| Current | assets | 2,233,203 | 50,551 | 2,283,754 |
| Current | liabilities | (1.,809,697) | (50,551) | (1,860,248) |
| Total net assets | 425,619 | 425,619 |
| Total | Total | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Net income for the year | 32,997 | 40,310 | |
| Depreciation | 649 | 2,888 | |
| Interest receivable | (1,544) | (433) | |
| Increase in debtors |
(168,374) | (30,544) | |
| Increase in creditors |
947,137 | 176,417 | |
| Net cash flow from operating | activities | 810,865 | 188,638 |
| The following related party transactions |
took | place during | the period: | ||
|---|---|---|---|---|---|
| Black Country Together CIC | |||||
| A community interest company in which |
the | 2022 | 2021 | ||
| charity owns 25% by way of guarantee | E | E | |||
| Services recharged to related party during |
the year | 95,987 | 70,114 | ||
| Amount due from related party at year end |
13,375 | 16,490 | |||
| Krunch UK |
|||||
| Mr Jon Grant (trustee) is an employee |
(CEO) of | 2022 | 2021 | ||
| Krunch UK |
E | E | |||
| Grants paid to related party during the year |
5,000 | 29,255 | |||
| African Speaking French Community | Support | ||||
| Mr Jacques Matensi-Kubanza (trustee) trustee (chairman) of African Speaking |
is a French |
2022 | 2021 | ||
| Community Support |
|||||
| Grants paid to related party during the year |
8,550 | 15,770 | |||
| (OSCAR) Sandwell Company Limited |
|||||
| Rachel McFee (trustee) is an employee | (CEO) of | 2022 | 2021 | ||
| (OSCAR) Sandwell Company Limited |
E | ||||
| Grants paid to related party during the year |
4,919 | ||||
| Ideal for All Limited | |||||
| Khatija Patel (trustee) is an employee (CEO) |
of | 2022 | 2021 | ||
| Ideal for All Limited | E | E | |||
| Grants paid to related party during the year |
4,965 |