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|---|---|---|---|---|
|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|
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||||||||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|
##
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||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:|||||
##
##