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|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|
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||||||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|
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||||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|
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|2022|2021|
|||||||f|
|Deposit|account|interest|1,544||1,544|433|
||||1,544||1,544|433|
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|||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|
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||||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|
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||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||||
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|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|
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|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|
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|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|
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|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|
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|||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|
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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|||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||