2023-03-31-accounts - Birmingham And Solihull Women's Aid

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Page
Chair's Report
Report ofthe Trustees		2	to	8
Report ofthe Independent	Auditors	9	to	12
Statement ofFinancial Activities			13
Balance Sheet			14
Cash Flow Statement
Notes to the Cash Flow Statement			16
Notes to the Financial Statements		17	to	29

							2023	2022
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
				Notes
INCOME	AND ENDOWMENTS		FROM
Donations	and legacies				225,678		225,678	283,416
Charitable	activities
Community	and therapeutic				1,087,828	4,637,575	5,725,403	4,737,918
Accommodation					1,817,768	120,723	1,938,491	1,935,675
Other trading activities					68,374		68,374	106,741
Investment	income				4,709		4,709	760
Other income					19,454		19,454	13,000
Total					3,223,811	4,758,298	7,982,109	7,077,510
EXPENDITURE ON
Charitable	activities
Community	and therapeutic				818,043	4,620,282	5,438/25	4,725,561
Accommodation					1,712,049	138,016	1,850,065	1,789,574
Fundraising	trading				89,404		89,404	109,270
Total					2,619,496	4,758,298	7,377,794	6,624,405
NET INCOME					604,315		604,315	453,105
RECONCILIATION		OF FUNDS
Total funds	brought forward				4,838,237		4,838,237	4,385,132
TOTAL FUNDS CARRIED FORWARD					5,442,552		5,442,552	4,838,237

	31ST	MARCH 2023
				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes
FIXEDASSETS
Tangible assets	14	2,876,338		2,876438	2,968,056
CURRENT ASSETS
Debtors	15	1,594,749	18,474	1,613,223	2,369,906
Investments	16	2,102,154		2,102,154	934,727
Cash at bank and in hand		505,725	387,559	893,284	512,450
		4„202,628	406,033	4,608,661	3,817,083
CREDITORS
Amounts falling due within one year	17	(591,738)	(406,033)	(997,771)	(880,737)
NET CURRENT ASSETS		3,610,890		3,610,890	2,936,346
TOTAL ASSETSLESSCURRENT
LIABILITIES		6,487,22S		6,487,228	5,904,402
CREDITORS
Amounts falling due after more than one year	18	(1,044,676)		(1,044,676)	(1,066,165)
NET ASSETS		5,442,552		5,442,552	4,838,237
FUNDS	21
Unrestricted funds				5,442,552	4,838,237
TOTAL FUNDS				5,442,552	4,838,237

	B	IRM	IN	GHAM dk SOLIHULL WOMEN'S AID	GHAM dk SOLIHULL WOMEN'S AID
				CASH FLOW STATEMENT
		FORTHE YEAR ENDED 31STMARCH 2023
					2023	2022
				Notes
Cash flows from operating	activities
Cash generated from operations					1,636,864	15,644
Interest paid					(51,729)	(15,242)
Decrease/(increase) in investments					(1,167,427)	(278,660)
Net cash provided by/(used	in) operating			activities	417,708	(278,258)
Cash flows from investing	activities
Purchase oftangible fixed assets					(23,000)	(1„331,209)
Sale oftangible fixed assets					7,804
Interest received					4,709	760
Net cash used in investing	activities				~1D,487)	(1,330,449)
Cash flows from financing	activities
New loans in year Loan repayments in year					~26,387	924,000 ~(27,684
Net cash (used in)/provided	by financing			activities	26,387	896,316
Change in cash and cash	equivalents		in
the reporting period					380,834	(712,391)
Cash and cash equivalents	at the
beginning ofthe reporting	period				512,450	1,224,841
Cash and cash equivalents	at the	end	of
the reporting period					893,284	512,450

								2023	2022
	Net income	for the		reporting			period (as per the Statement ofFinancial
	Activities)							604,315	453,105
	Adjustments	for:
	Depreciation	charges						109,321	100,599
	Profit on disposal		offixed assets					(2,410)
	Interest received							(4,709)	(760)
	Interest paid							51,729	15,242
	Decrease/(increase)			in debtors				756,683	(405,534)
	Increase/(decrease)		in creditors					121,935	(147,008)
	Net cash provided		by		operations			1,636,864	15,644
2.	ANALYSIS	OF CHANGES IN NET FUNDS
							At 1.4.22	Cash flow	At 31.3.23
	Net cash
	Cash at bank	and in		hand			512,450	380,834	893,284
							512,450	380,834	893,284
	Liquid resources
	Deposits included		in	cash
	Current asset	investments					934,727	1,167,427	2,102,154
							934,727	1,167,427	2,102,154
	Debt
	Debts falling	due within				1 year	(44,140)	4,901	(39,239)
	Debts falling	due after			1	year	~1,066,165	21,489	~1,044,676
							1,110,305	26,390	1,083,915
	Total						336,872	1,574,651	1,911,523

	FORTH	FORTH	FORTH	FORTH	E Y	E	AR ENDED 31STMARCH	2023
3.	DONATIONS AND LEGACIES
								2023	2022
	Donations							225,678	283,416
4.	OTHER TRADING ACTIVITIES
								2023	2022
	Shop income from sale ofdonated goods							68,374	106,741
5.	INVESTMENT	INCOME
								2023	2022
	Deposit account interest							4,709	760
6.	INCOME FROM CHARITABLE				ACTIVITIES
								2023	2022
				Activity
	Grants			Community			and therapeutic	5,718,753	4,737,138
	Training			Community			and therapeutic	6,650	780
	Grants			Accommodation				802,024	993,966
	Rent			Accommodation				1,136,467	941,709
								7,663,894	6,673,593
	Grants received, included		in the	above, are			as follows:
								2023	2022
	Birmingham City	Council						1,861,486	1,804,047
	BigLotto Young	Women's	VAWG worker					15,639
	BigLotto - Women &Girls								133,274
	BigLotto Celebrating Communities				Fund			2,604
	Primary Care Trust							101,102	99,281
	BCCVulnerable	Adults Commissioning				Services		1,216,231	766,584
	Birmingham Community		Safety Partnership					21,500	71,500
	Police and Crime	Commissioner						1,750,410	1,302,627
	Solihull MBC Public Health Services							546,248	477,200
	Comic Relief								38,430
	Children in Need							48,154	106,231
	CCG - IRIS							296,419	320,462
	Solace Women's Aid							22,500	45,000
	The Springfield Project							77,824	77,824
	Garheld Weston							15,000
	Caring Foundation								19,500
	Small wood Trust							164,326	24,991
	Henry Smith								11,250
	NHS Hospital Trust							125,001	159,451
	BVSC								17,770
	National Express	Foundation						2,500	5,000
	Nationwide								11,209
	Carried forward							6,266,944	5,491,631

6.	INCOME FROM CHA	RITABLE ACTIVITIES - continued
			2023	2022
	Brought forward		6,266,944	5,491,631
	West Midland Combined	Authority	7,500	10,000
	Think Active			4,748
	Southall Black Sisters		205,500	220,558
	StBasils		25,000	4,167
	Bailey Thomas		15533
			6,520,777	5,731,104
7.	OTHER INCOME
			2023	2022
	Other income		19,454	13,000
	Other income includes Access to Work claims ofK9,309(2022 611,728)
8.	CHARITABLE ACTIVITIES COSTS

						Support
					Direct	costs (see
					Costs	note 9)	Totals
Community	and therapeutic			4,858,892		579,433	5,438,325
Accommodation				1,660,084		189,981	1,850,065
Fundraising	trading				89,404		89,404
				6,608,380		769,414	7,377,794
SUPPORT	COSTS
		Governance	Finance	Info	Manage't	Total	Total
		costs		tech		2023	2022
Community	and
therapeutic		64,508	163,839	23,406	327,680	579,433	598,124
Accommodation		18,339	54,613	7,802	109,227	189,981	239,435
		82,847	218,452	31,208	436,907	769,414	837,559

		2023	2022
		K
Audit		9,492	9,024
Depreciation - owned assets		109,323	100,599
Operating	leases	123,528	123,388

STAFF COSTS
			2023	2022
Wages and salaries			4,548,908	4,139,693
Social security costs			414,202	332,784
Other pension costs			171,520	158,296
			5,134,630	4,630,773
The average monthly	number ofemployees	during the year was as follows:
			2023	2022
Senior management			7	7
Finance and administration			15	13
Project/refuge			167	165
Shops			1	3
			190	188

The num	ber ofemployees whose employee benefits	(excluding employer pension costs) exceeded	f60,000w
		2023	2022
f70,001	- $80,000		1
$80,001	- f90,000

	NOTES TO THE FINANCIAL STATEMENTS - continued FORTHE YEAR ENDED 31STMARCH 2023	NOTES TO THE FINANCIAL STATEMENTS - continued FORTHE YEAR ENDED 31STMARCH 2023	NOTES TO THE FINANCIAL STATEMENTS - continued FORTHE YEAR ENDED 31STMARCH 2023
13.	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			funds	funds	funds
	INCOME AND ENDOWMENTS FROM
	Donations and legacies		283,416		283,416
	Charitable activities
	Community and therapeutic		612,360	4,125,558	4,737,918
	Accomodation		1,573,913	361,762	1,935,675
	Other trading activities		106,741		106,741
	Investment income		760		760
	Other income		13,000		13,000
	Total		2,590,190	4,487,320	7,077,510
	EXPENDITURE ON
	Charitable activities
	Community and therapeutic		608,834	4,116,727	4,725,561
	Accommodation		1,431,072	358,502	1,789,574
	Fundraising trading		109,270		109,270
	Total		2,149,176	4,475,229	6,624,405
	NET INCOME		441,014	12,091	453,105
	Transfers between funds		12,091	(12,091)
	Net movement in funds		453,105		453,105
	RECONCILIATION	OF FUNDS
	Total funds brought forward		4,385„132		4,385,132
	TOTAL FUNDS CARRIED FORWARD		4,838,237		4,838,237

TANGIBLE FIXEDASSETS
			Fixtures
	Freehold	Short	and
	property	leasehold	fittings
COST
At 1st April 2022	3,258,561	228,601	431,042
Additions Disposals	~4,003)	~20,995	~431,042)
At 31stMarch 2023	3,253,758	199,606
DEPRECIATION
At 1st April 2022	360,857	159,999	431,040
Charge for year Eliminated on disposal	65,078	39,921 ~20,995	~431,040)
At 31stMarch 2023	425,935	170,925
NET BOOKVALUE
At 31stMarch 2023	2,827,823	28,681
At 31stMarch 2022	2,897,704	68,602
	Motor	Computer
	vehicles	equipment	Totals
COST
At 1st April 2022	12,480	241,642	4,172/26
Additions Disposals	23,000 ~12,480)	~240,)42)	23,000 ~717,462)
At 31stMarch 2023	23,000	1,500	3,477,864
DEPRECIATION
At 1st April 2022	11,654	240,720	1,204,270
Charge for year Eliminated on disposal	3,828 ~11,090	496 ~240,)42	109,323 ~712,06
At 31stMarch 2023	3,592	1,074	601,526
NET BOOKVALUE
At 31stMarch 2023	19,408	426	2,876,338
At 31stMarch 2022	826	922	2,968,056

		FORTHE YEAR ENDED 31STMARCH 20	23
15.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
			2023	2022
	Trade debtors		1,478,258	2,049,067
	Prepayments and accrued	income	134,965	320,839
			1,613,223	2,369,906
16.	CURRENT ASSET INVESTMENTS
			2023	2022
	Guaranteed investment deposits		2,102,154	934,727
17.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			2023	2022
	Bank loans and overdrafts	(see note 19)	39,239	44,140
	Trade creditors		355,887	270,134
	Social security and other taxes		104,148	86,465
	Other creditors		49,526	49,295
	Accrued expenses		42,938	183,483
	Deferred grants		406,033	247,220
			997,771	880,737
18.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
			2023	2022
	Bank loans (see note 19)		1,044,676	1,066,165
19.	LOANS
	An analysis ofthe maturity ofloans is given below:
			2023	2022
	Amounts falling due within one year on demand:
	Bank loans		39,239	44,140
	Amounts falling between	one and two years:
	Bank loans - 1-2years		48,507	46,635
	Amounts falling due between two and five years:
	Bank loans - 2-5 years		156,750	148,773
	Amounts falling due in more than five years:
	Repayable by instalments:
	Bank loans more 5 yr by	instal	839,419	870,757

					Net	Transfers
					movement	between	At
				At 1.4.22	in funds	funds	31.3.23
Unrestricted	funds
General fund				3,284,494	604,315	(400,000)	3,488,809
Staff redundancy		reserve		200,000			200,000
Capital expenditure			reserve	832,446			832,446
Capital repairs	reserve			467,330			467830
Maternity leave reserve				53,967			53,967
Cost ofliving	reserve					400,000	400,000
				4,838,237	604415		5,442,552
TOTAL FUNDS				4,838,237	604,315		5,442,552
Net movement	in	funds, included		in the above are as follows:
					Incoming	Resources	Moveinent
					resources	expended	in funds
Unrestricted	funds
General fund					3,223,811	(2,619,496)	604815
Restricted funds
General restricted		reserve			4,758,298	(4,'758,298)
TOTAL FUNDS					7,902,109	~7,377,794)	604@15

				Net	Transfers
				movement	between	At
			At 1.4.21	in funds	funds	31.3.22
Unrestricted funds
General fund			2,831,389	441,014	12,091	3,284,494
Staffredundancy	reserve		200,000			200,000
Capital expenditure		reserve	832,446			832,446
Capital repairs reserve			467,330			467,330
Maternity leave reserve			53,967			53,967
			4,385,132	441,014	12,091	4,838,237
Restricted funds
General restricted	reserve			12,091	(12,091)
TOTAL FUNDS			4,385,132	453,105		4,838,237

					Incoming	Resources	Movement
					resources	expended	in funds
Unrestricted funds
General fund					2,590,190	(2,149,176)	441,014
Restricted funds
General restricted		reserve			4,487,320	(4,475,229)	12,091
TOTAL FUNDS					7,077,510	(6,624,405)	453,105
A current year 12		months	and prior year 12months	combined	position is as follows:
					Net	Transfers
					movement	between	At
				At 1.4.21	in funds	funds	31.3.23
Unrestricted funds
General fund				2,831,389	1,045,329	(387,909)	3,488,809
Staffredundancy	reserve			200,000			200,000
Capital expenditure		reserve		832,446			832,446
Capital repairs reserve				467,330			467,330
Maternity leave reserve				53,967			53,967
Cost ofliving reserve						400,000	400,000
				4,385,132	1,045,329	12,091	5,442,552
Restricted funds
General restricted		reserve			12,091	(12,091)
TOTAL FUNDS				4,385,132	1,057,420		5,442,552

			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted funds
General fund			5,814,001	(4,768,672)	1,045,329
Restricted funds
General restricted		reserve	9,245,618	(9,233,527)	12,091
TOTAL FUNDS			15,059,619	(14,002,199)	1,057,420
Transfers between		funds
Within restricted	funds: