| Contents | Page | |||||
|---|---|---|---|---|---|---|
| Reference and administrative | details | |||||
| Report ofthe trustees | ||||||
| Independent auditor's |
report | on the financial statements | 14 | |||
| Statement offinancial | activities | 18 | ||||
| incorporating income 8 expenditure |
account | |||||
| Balance sheet | 19 | |||||
| Cash floe statement | 20 | |||||
| Notes forming part of |
the financial statements, | incorporating: | ||||
| Statement ofaccounting | policies | 21 | ||||
| Other notes to the | financial | statements |
| Unrestricted | Designated | Restricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|---|
| funds | fund | funds | 2023 | 2022 | |||||
| Notes | F. | F | F | E | |||||
| Income | |||||||||
| Income from charitable | activities: | ||||||||
| Income from charitable | activities | 164,374 | 1,708,645 | 1,873,019 | 1,573,111 | ||||
| Income from trading | activities: | ||||||||
| Commercial operations |
1,575 | 1,575 | 2,025 | ||||||
| Investment income |
12,655 | 12,655 | 1,544 | ||||||
| Total income | 178,604 | 1,708,645 | 1,887,249 | 1,576,680 | |||||
| Expenditure | |||||||||
| Charitable activities: |
|||||||||
| Operational and |
support | costs | 78,706 | 1,773,471 | 1,852,177 | 1,543,683 | |||
| Total expenditure | 78,706 | 1,773,471 | 1,852,177 | 1,543,683 | |||||
| Net income/(expenditure) transfers |
before | 99,898 | (64,826) | 35,072 | 32,997 | ||||
| Gross transfers between |
funds | 12 | (27,088) | (37,738) | 64,826 | ||||
| Net movement in funds |
72,810 | (37,738) | 35,072 | 32,997 | |||||
| Reconciliation offunds |
|||||||||
| Total funds brought | forward | 12 | 312,182 | 113,437 | 425,619 | 392,622 | |||
| Total funds carried | forward | 384,992 | 75,699 | 460,691 | 425,619 |
| Notes | 2023 | 2022 | |||
|---|---|---|---|---|---|
| F | |||||
| Cash flow from operating | activities | 15 | (242,477) | 810,865 | |
| Cash flow from investing | activities | ||||
| Payments to acquire tangible |
fixed assets | (1,054) | |||
| Interest received | 12,655 | 1,544 | |||
| Net cash flow from investing | activities | 12,655 | 490 | ||
| Net increase in cash and |
cash equivalents | (229,822) | 811,355 | ||
| Cash and cash equivalents | at | 1 April 2022 | 1,968,185 | 1,156,830 | |
| Cash and cash equivalents | at 31 March 2023 | 1,738,363 | 1,968,185 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | 2023 | 2022 | |||
| Deposit | account | interest | 'I2,655 | 12,655 | 1,544 | |
| 12,655 | 12,655 | 1,544 |
| Strategic | Development | Commercial | Total | Total | ||
|---|---|---|---|---|---|---|
| representation f. |
services E |
activities | 2023 f |
2022 | ||
| Operational | and support costs | |||||
| Staff costs | 335,272 | 54,006 | 30,633 | 419,9'I1 | 384,848 | |
| Project costs | 1,345,984 | 1,345,984 | 1,06T,319 | |||
| Support costs (see note 4) | 33,806 | 41,854 | 3,019 | 78,679 | 85,218 | |
| Governance | costs (see note 4) | 7,603 | 7,603 | 6,298 | ||
| 376,681 | 1,441,844 | 33,652 | 1,852,177 | 1,543,683 |
| General | Governance | Total | Total | |||
|---|---|---|---|---|---|---|
| support f |
function E |
2023 | 2022 | |||
| Training | and | recruitment | 983 | 983 | 2,725 | |
| Insurance | 2,705 | 2,705 | 2,555 | |||
| General | office costs | 55,216 | 55,216 | 60,574 | ||
| Auditor's | remuneration | 4,950 | 4,950 | 4,230 | ||
| Accountancy | services | 12,832 | 12,832 | 12,698 | ||
| Legal and other professional | 3,927 | 3,927 | 2,902 | |||
| Bank charges | 114 | 114 | 97 | |||
| Other support | costs | 2,902 | 2,653 | 5,555 | 5,735 | |
| T8,679 | 7,603 | 86,282 | 91,516 |
| Net income I (expenditure) | Net income I (expenditure) | is stated after charging: | ||
|---|---|---|---|---|
| Total | Total | |||
| 2023 | 2022 | |||
| Depreciation oftangible |
fixed assets | |||
| Operating lease rentais |
||||
| Premises | 28,000 | 27,865 | ||
| Office equipment | 579 | 1,158 | ||
| Auditor's remuneration |
4,950 | 4,230 |
| Staff costs; | ||
|---|---|---|
| Total | Total | |
| 2023 | 2022 | |
| 6 | ||
| Wages and salaries | 362,130 | 338,600 |
| Social security costs | 37,424 | 32,356 |
| Pension costs | 20,35? | 13,892 |
| 419,911 | 384,848 |
| 8.Tangible fixed assets | |||||
|---|---|---|---|---|---|
| Fixtures & | Office | ||||
| fittings f |
equipment f. |
Total f |
|||
| Cost | |||||
| At 1 April 2022 and | 31 | March 2023 | 14,696 | 74,824 | 89,520 |
| Depreciation | |||||
| At 1 April 2022 | 14,696 | 72,711 | 87,407 | ||
| Charge for the year | 866 | 866 | |||
| At 31 March 2023 | 14,686 | 73677 | 88,273 | ||
| Net book values | |||||
| At 31 March 2023 | 1,247 | 1,247 | |||
| At 31 March 2022 | 2,'l13 | 2 1'i3 | |||
| 9. Debtors | |||||
| Total | Total | ||||
| 2023 | 2022 | ||||
| Debtors from operations | 201,082 | 10,223 | |||
| Prepayments and accrued income |
9,532 | 15,784 | |||
| Other debtors | 54,337 | 289,562 | |||
| 264,951 | 315,569 | ||||
| 10. Creditors -amounts |
fallrng due within one year | ||||
| Total | Total | ||||
| 2023 | 2022 | ||||
| f | f | ||||
| Creditors from operations |
29,458 | 117,969 | |||
| Accruals and deferred |
income | 1,486,135 | 1,690,739 | ||
| GM2LF Big Local | 27,120 | 50,551 | |||
| Other creditors | 1,157 | 989 | |||
| 1,543,870 | 1,860,248 |
| reditors |
-amount | s | falling due within one year (continued) | ||
|---|---|---|---|---|---|
| Total | Total | ||||
| 2023 | 2022 | ||||
| Deferred | income | ||||
| Deferred | income | at | 1 April 2022 | 1,679,975 | 823,040 |
| Resources deferred in the year Amounts released from previous years |
845,454 ~1.045,031 |
1,313,625 ~456,890 |
|||
| Deferred | income | at | 31 March 2023 | 1,480,398 | 1,679,975 |
| At 31 March 2023 the | At 31 March 2023 the | charity was committed | charity was committed | to | ||||
|---|---|---|---|---|---|---|---|---|
| making the following cancellable operating |
payments leases: |
under non- | land and Total |
buildings Total |
Total Other |
Total | ||
| 2023 | 2022 | 2023 | 2022 | |||||
| 6 | f. | |||||||
| Within | one year | 28,000 | 28,000 | 579 | 1,158 | |||
| Within | two to five years inclusive | 578 | ||||||
| 28,000 | 28,000 | 579 | 1,736 |
| nalysis off | unds | |||||
|---|---|---|---|---|---|---|
| Balance at | Balance at | |||||
| 1 April | Incoming | Resources | 31 March | |||
| 2022 | resources | expended | Transfers | 2023 | ||
| 6 | 6 | |||||
| Restricted | funds | |||||
| General tund |
1,708,645 | ~1,779,471 | 64,826 | |||
| Unrestricted | funds | |||||
| General fund Designated fund |
312,182 113,437 425,619 |
178,604 178,804 |
(78,706) ~78,706 |
(27,088) ~17,738 ~64,826 |
384,992 75688 460,691 |
|
| Total funds | 425,6111 | 1,887,249 | ~1,862,177 | 460,691 |
| Fund balances at 31 March 2023 are represented by: |
|||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| 6 | |||
| Tangible fixed assets | 1,247 | 1,247 | |
| Current assets | 1,976,194 | 27,120 | 2,003,314 |
| Current liabilities | (1,516,750) | (27,120) | (1,543,870) |
| Total net assets | 460,691 | 460,691 |
| Total | Total | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| E. | 6 | |||
| Net income for the year | 35,072 | 32,997 | ||
| Depreciation | 866 | 649 | ||
| Interest receivable | (12,655) | (1,544) | ||
| Decrease/(increase) | in debtors | 60,618 | (168,374) | |
| (Decrease)/increase | in creditors | (316,378) | 947,137 | |
| Net cash flaw from | operating | activities | 242,477 | 810,865 |
| Black Country Together CIC | ||||
|---|---|---|---|---|
| A community interest company in which the charity owns 25'lo by way of guarantee |
2023f | 2022 | ||
| Services recharged to related party during |
the | year | 161,233 | 95,987 |
| Amount due from related party at year end |
50,481 | 13,375 | ||
| Krunch UK |
||||
| Mr Jon Grant (trustee) is an employee (CEO) of |
2023 | 2022 | ||
| Krunch UK |
F | |||
| Grants paid to related parly during the year |
51,058 | 5,000 | ||
| African Speaking French Community Support |
||||
| MrJacques Matensl-Kubanza (trustee) is a |
||||
| trustee (chairman) ofAfrican Speaking French |
2023 | 2022 | ||
| Community Support |
||||
| Grants paid to related party during the year |
5,000 | 8,550 | ||
| (OSCAR) Sandweil Company Limited |
||||
| Rachel McFee (trustee) is an employee (CEO)of | 2023 | 2022 | ||
| (OSCAR) Sandwell Company Limited |
E | |||
| Grants paid to related party during the year |
4,919 | |||
| Ideal for All Limited | ||||
| Khatija Patsl (trustee) is an employee (CEO) of |
2023 | 2022 | ||
| ideal for All Limited | E | |||
| Grants paid to related party during the year |
5,266 | 4,965 | ||
| Smethwick Church Action Network |
||||
| Amy Allan (trustee) is an employee (Project |
2023 | 2022 | ||
| Development Manager) ofSmethwick Church |
R | |||
| Action Network | ||||
| Grants paid to related party during the year |
35,559 | |||
| Page 29 |