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|Contents||||||Page|
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|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||||
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||||||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|
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||||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|
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|2023|2022|
|Deposit|account|interest|'I2,655||12,655|1,544|
||||12,655||12,655|1,544|
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|||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|
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||||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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||||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|
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|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|||