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2023-03-31-accounts

Trustees BWhittington
RSmith
LBurman {Appointed 3August 2022)
E Maffey (Appointed 23August 2023)
WWilliams (Appointed 20September 2023)
Secretary U Winterburn
Charity number 1074539
Company number 03593394
Registered ofRce 55-57Bell Green Road
Coventry
West Midlands
CV67GQ
Auditor Burgis &Bullock
23-25Waterloo Place
Leamington Spa
Warwickshire
CV32 SLA
Bankers Barclays Bank pic
25 High Street
Coventry
CV1SQZ
Solicitors Anthony
Collins Solicitors
134Edmund Street
Birmingham
832ES

Page
Trustees'
report		 1-13
Independent auditor's report 14-17
Statement of financial activities 18-19
Balance sheet 20
Statement of cash flows 21
Notes tothe financial statements 22-43

fv ice dults oung Parents hildren
Domestic Abuse 113
Family Support
omplex Needs
ervice User Wellbeing
oung Parent
ommunity
Wellbeing
Nursery
ounselling
(Kairos)		 14
ounselling
(Valley House)		 16

Unrestricted Unrestricted Restdcted Endowment Total Total
funds funds funds funds
general designated
2023 2023 2023 2023 2023 2022
Notes E E 6 E
Income from:
Donations
and
legacies 3 9,617 9,617
Charitable
activities
Tenant welfare
services 4 511,019 511,019 563,128
Service contracts 4 738,485 738,485 755,817
Grants 4 52,466 52,466 54,330
Nursery fees 4 329,487 329,487 276,667
Other trading
activities 2,800 2,800 2,200
Investments 2,463 2,463 1,551
Total income 1,593,871 52,466 1,646,337 1,653,693
~Edll
Raising funds 7 11,694 1,154 12,848 1,213
Charitable
activities		 8 1,359,437 27,287 62,156 10,290 1,459,170 1,403,670
Other 13 141,065 141,065 174,117
Total expenditure 1,512,196 28,441 62,156 10,290 1,613,083 1,579,000
Net gains/(losses)
on investments 14 (11,716) (11,716) 66,352
Net incoming/(outgoing)
resources before
'transfers 81,675 (40,157) (9,690) (10,290) 21,538 141,045

Unrestricted
Unrestricted		 Unrestricted
Unrestricted		 Restricted Endowment Total Total
funds funds funds funds
general designated
2023 2023 2023 2023 2023 2022
Notes E E g f f E
Net incoming/(outgoing)
resources before
transfers 81,675 (40,157) (9,690) (10,290) 21,538 141,045
Gross transfers
between
funds		 (79,780) 74,442 5,338
Net movement in funds 1,895 34,285 (4,352) (10,290) 21,538 141,045
Fund balances at 1April
2022 200,145 932,358 96,750 397,978 1,627,231 1,486,186
Fund balances at 31
March 2023 202,040 966,643 92,398 387,688 1,648,769 1,627,231

2023 2022
Notes f f
Fixed assets
Tangible assets 16 3,105,540 3,096,364
Current assets
Debtors 18 110,094 7S,264
Investments 19 627,642 639,358
Cash at bank and in hand 516,115 545,474
1,253,851 1,263,096
Creditors: amounts falling due within
one year 21 (163,993) (182,229)
Net current assets 1,089,858 1,080,867
Total assets less current liabilities 4,195,398 4,177,231
Creditors: amounts falling due after
more than one year 22 (2,546,629) (2,550,000)
Net assets 1,648,769 1,627,231
Capital funds
Endowment
funds
Expendable
endowment		 387,688 397,978
25 387,688 397,978
Income funds
Restricted funds 26 92,398 96,750
Unrestricted
funds
Designated
funds		 27 966,643 932,358
General unrestricted funds 202,040 200,145
1,168,683 1,132,503
1,648,769 1,627,231

2023 2022
Notes E 8
Cash flows from operating activities
Cash (absorbed by}/generated from 33
operations (3,308) 194,298
Investing acthdties
Purchase oftangible fixed assets (36,859) (1,084,941)
Investment
income received		 2,463 1,551
Net cash used in investing activities (34,396} (1,083,390)
Financing activities
Repayment
ofbank loans		 (3,371) 850,000
Net cash (used in)/generated from
financing activities (3,371) 850,000
Net decrease in cash and cash equivalents (41,075) (39,092)
Cash and cash equivalents at beginning ofyear 1,184,832 1,223,924
Cash and cash equivalents at end ofyear 1,143,757 1,184,832
Relating to:
Cash at bank and in hand 516,115 545,474
Short term deposits included in current
asset investments 627,642 639,358

Unrestricted Total
funds
general
2D23 2022
E E
Donations and gifts 9,617

Tenant wetrnre Tenant wetrnre seretce contracts Total Total
Mlalcss 2022 2022
1021 1011 1021 2022
E E
Sales within
charitable
activities		 511,019 73&,485 52,466 329,487 1,631,457 1,649,942
Analysis by fund
Unrestricted funds-
general 511,019 738,485 329,487 1,578,991 1,595,612
Restricted funds 52,466 52,466 54,330
511,019 73&,485 52,466 329,487 1,631,457 1,649,942
Forthe year ended 31 March 2022
Tenant wnsaln sellake contnlclc Glenn nennnvteec Total
~erelcec 1022
Sales within charitable activities 563,128 755,817 54,330 276,667 1,649,942
Analysis
by		 fund
Unrestricted funds - general 563,12& 755,817 276,667 1,595,612
Restricted funds 54,330 54,330
563,128 755,817 54,330 276,667 1,649,942

Unrestricted Unrestricted
funds funds
general general
2023 2022
f f
Student Placements 2,800 2,200
Investments
Unrestricted Unrestricted
funds funds
general general
2023 2022
f
Interest receivable 2,463 1,551
Raising funds
Unrestricted Unrestricted Total Unrestricted
funds funds funds
general designated general
2023 2023 2022
f f f
Fundraisin and ublic'
Other fundraising costs 6,371 1,154 9,525 347
T~Ch I
Other trading activities 3,000 3,000 666
Support costs 323 323
Trading costs 3323 3i323 666
11,694 1.154 12,646 1,213

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Support costs Support costs
Support Governance 2023 Support Governance 2022
Costs CostS COSts COSts
E f E
Staff costs 118,121 24,491 142,612 125,108 25,730 150,838
Depreciation 3,621 3,621 2,560 2,560
Other costs 18,844 1,491 20,335 9,667 1,325 10,992
Audit fees 6,525 6,525 6,662 6,662
140,586 32,507 173,093 137,335 33,717 171,052
Analysed between
Trading 323 323
Charitable activities 140,263 140,263 137,335 137,335
Other 32,507 32,507 33,717 33,717
140,586 32,507 173,093 137,335 171,052
Net movement in funds 2023 2022
f f
Net movement in funds is stated after charging/(crediting)
Fees payable to the company's auditor forthe audit ofthe company's
financial statements 6,525 6,662
Depreciation of owned tangible fixed assets 27,683 25,219

2023 2022
Number Number
Service providers / admin 43 43
Maintenance 5 5
Total 48 48
Employment costs 2023 2022
f f
Wages and salaries 960,207 905,073
Social security costs 83,556 73,351
Other pension costs 31,302 31,402
1,075,065 1,009,826
The number
of employees
f60,000 is as follows:		 whose annual remuneration was more than
2023 2022
Number Number

Unrestricted Unrestricted
funds funds
general general
2023 2022
E E
Governance 32,507 33717
Financing costs 108,558 140,400
141,065 174,117

Unrestricted
Unrestricted		 Unrestricted
Unrestricted
funds funds
designated designated
2023 2022
E E
(11,716) 66,352

Tangible fixe d assets
Freehold Ftaturea and Community SASCFrosertlea Total
Sugdlnga latlnga garden
f f f f
Cost
At 1April 2022 1,235,342 21,504 44,151 2,576,916 3,877,913
Additions 4,227 3,654 28,978 36,859
At 31March 2023 1,239,569 25,158 44,151 2,605,894 3,914,772
Depreciation and impairment
At 1April 2022 720,729 12,596 44,151 4,073 781,549
Depreciation charged in the year 17,533 5,100 5,050 27,683
At31March 2023 738,262 17,696 44,151 9,123 809,232
Carrying amount
At31March 2023 501,307 7,462 2,596,771 3,105,540
At31March 2022 514,613 8,908 2,572,843 3,096,364
Financial in struments
2023 2022
f f
Carrying amount offinancial assets
Instruments measured at fair value through profit or loss 627,642 639,358

Debtors
2023 2022
Amounts
falling due within one year:		 f 6
Trade debtors 23,993 38,876
Other debtors 78,100 29,951
Prepayments and accrued income 8,001 9,437
110,094 78,264
19 Current asset investments
2023 2022
E E
Unlisted investments 627,642 639,358
20 Loans and overdrafts
2023 2022
6 6
Bankloans 2,546,629 2,550,000
Payable after one year 2,546,629 2,550,000

2023 2022
Notes E E
Other taxation and social security 36,524 28,189
Deferred income 62,979 54,288
Other creditors 5,225 24,772
Accruals and deferred income 59,265 74,980
163,993 182,229
Creditors: amounts falling due after more than one year
2023 2022
Notes E 6
Bank loans 20 2,546,629 2,550,000

2023 2022
f E
Other deferred income 62,979 54,288

2023 2022
6 E
Deferred income is included
within:
Current liabilities 62,979 54,288
Movements
in the		 year:
Deferred income at 1April 2022 54,288 46,264
Released from previous periods (248,357) (17,746)
Resources deferred in the year 257,048 25,770
Deferred income at31March 2023 62,979 54,288

aalance at aalance at kecourcec aalance at
1Aprk 2021 1Aprk 2022 expended M.March 2022
E E f
LSC Regeneration Budget 6,204 (475) 5,729 (475) 5,254
Coventry Children's Centres - Canopy 1,251 (94) 1,157 (94) 1,063
Coventry Children's Centres-
Conservatory 10,610 (282) 10,32& (282) 10,046
Big Lottery Fund - Young People's Fund 3,273 3,273 3,273
General Charities - Servers 2,114 2,114 2,114
General Charities - Capital Fund 20,000 20,000 20,000
Counselling
Suite		 19,842 (839) 19,003 (839) 18,164
National
Lotteries		 Charity Board 9&,843 (2,159) 96,684 (2,159) 94,525
25 Bell Green Road 123,905 (3,302) 120,603 (3,302) 117,301
Counselling
Suite 25 Bell Green Road		 17,904 17,904 17,904
Improvements
to garden, car park		 32,522 (1,486) 31,036 (1,486) 29,550
Navigation
Centre		 extension 71,800 (1,653) 70,147 (1,653) 68,494
408,268 (10,290) 397,978 (10,290) 387,688
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2023 2022
6 E
Within one year 19,656 14,906
Between two and five years 36,750 14,260
56,406 29,166

2023 2022
6 6
Aggregate compensation 183,499 179,687

33 Cash generated
from operations		 Cash generated
from operations		 Cash generated
from operations		 2023 2022
E
Surplus forthe year 21,538 141,045
Adjustments
for:
Investment
income		 recognised in statement offinancial activities (2,463) (1,551)
Depreciation
and impairment		 oftangible fixed assets 27,683 25,219
Movements
in working capital:
(Increase)/decrease in debtors (31,830) 4,575
(Decrease}/increase in creditors (26,927) 16,986
Increase
in deferred		 income 8,691 8,024
Cash (absorbed by)/generated from operations (3,308) 194,298
34 Analysis ofchanges in net (debt)/funds
At1Adra 2d22 Ctth NOVA At21tAItch 2d22
6 f
Cash at bank and in hand 545,474 (29,359) 516,115
Cash equivalents 639,358 (11,716) 627,642
1,184,832 (41,075) 1,143,757
Loans falling due after more than one year (2,550,000) 3,371 (2,546,629)
(1,365,168) (37,704) (1,402,872)