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2024-03-31-accounts

Registered number: 03692018 Charity number: 1076896

Murray Hall Community Trust Limited

Trustees' Report and Financial Statements

For the Year Ended 31 March 2024

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Contents

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 12
Independent auditor's report on the financial statements 13 -17
Statement of financial activities 18
Balance sheet 19 - 20
Statement of cash flows 21
Notes to the financial statements 22 - 46

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Reference and Administrative Details of the Charity, its Trustees and Advisers For the Year Ended 31 March 2024

Trustees Christine Harrison, Chair
John Blewitt
David Hill
Balwinder Kaur
John Miller
Christopher Patterson
Company registered
number 03692018
**Charity registered number ** 1076896
Registered office The Bridge
St. Marks Road
Tipton
West Midlands
DY4 0SL
Company secretary Manjula Patel
Chief executive officer Manjula Patel
Independent auditor Dains Audit Limited
2 Chamberlain Square
Paradise Circus
Birmingham
B3 3AX
Bankers Unity Trust Bank Plc
Four Brindleyplace
Birmingham
B1 2JB
Solicitors Anthony Collins
134 Edmund St
Birmingham
B3 2ES

Page 1

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Trustees' Report

For the Year Ended 31 March 2024

The Trustees present their report and accounts for the year ended 31 March 2024. The accounts have been prepared in accordance with the accounting policies set out in note 2 to the financial statements and comply with the Charity’s constitution, the Charities Act 2011 and the Statement of Recommended Practice, “Accounting and Reporting by Charities, Statement of Recommended Practice FRS 102 (effective January 2019).

Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Charity Objects

The Charity is established for the benefit of the residents of the Metropolitan Borough of Sandwell and surrounding local areas within Birmingham and Black Country without; distinction of age, sex, sexual orientation, nationality, ethnic or national origins, race, colour, marital status, disability, political or religious beliefs.

b. Aims of the Charity

Our aims are to make a positive impact with the challenges of inequality, to promote and support people in their health and wellbeing from early years to end of life. Main objectives are:

c. Public benefit

The Trustees have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Charity’s objectives and in planning for future activities. In particular, the Trustees have considered how planned activities will contribute to the aims and objectives set.

Historically we were set up to support the social, welfare, educational and recreational interest of people in Tipton, Sandwell that impacts their health and wellbeing. Whilst we continue to provide this support we further extend our support to provide health and wellbeing more holistically by offering a diverse range of services. Although based in Sandwell and offering services in this area, we also now work across the Midlands as a whole.

d. Grant-making policies

The Charity, at the current time, has no provision for making grants to individual sub-groups or other organisations. However, we do provide support in kind to small volunteer-led community groups.

Page 2

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Trustees' Report (continued) For the Year Ended 31 March 2024

Objectives and activities (continued)

e. Volunteers

Volunteers are an integrated part of the organisation and they are valued members of our team enabling us to provide community support. Volunteering offers many opportunities for people to gain new skills, knowledge and increase their self-confidence and some volunteers have successfully moved on to gain employment with us or other organisations. During the year we have recruited new volunteers for our Food Pantry, Charity Shop and within services. During the last finance year, we had 22 active volunteers, providing valuable support in all the different areas of the organisation and between them they provided 3,755 volunteering hours. We continue to recruit new volunteers to join the Murray Hall team.

f. Programme related investment

The Charity, at this time, has no specific programme related investments.

Achievements and performance

a. Main achievements of the Charity

Following an organisation re-alignment, we have centralised some activities for consistency and cost efficiencies during the year. We secured a capital grant to support sustainability, which was used to replace all the single glazed windows on the first-floor windows at The Bridge with metal double glazed windows. The impact has reduced heat loss on this floor and reduced energy use.

During the last financial year, we continued to provide valuable support and activities to our communities. Within all of our services and projects combined we directly engaged and supported approximately 6,049 individuals, this includes 1,832 children, young people and 4,217 adults.

Our three years Strategic Priorities to March 2025 include:

b. Factors outside of the Charity’s control affecting our Charitable objectives

Inflation has persistently remained high throughout the year and the cost of living has not reduced. For many people, energy and food poverty has increased and people have struggled with basic needs to stay warm and feed themselves and their families, the stress of which has contributed to more people living with anxiety. As an organisation, the higher energy cost has increased our operating costs significantly. For the charity sector, recruitment and retention continues to be challenging with competing sectors able to offer higher salaries.

Page 3

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Trustees' Report (continued) For the Year Ended 31 March 2024

Achievements and performance (continued)

c. Fundraising activities and income generation

In the last year fundraising activities have raised donations of £7,894 (2023 - £4,155).

d. Investment policy and performance

The Charity has investments in an easy access savings Bank account, other than interest received on this and its Bank current and deposit accounts the charity has no other investments.

e. Activities review

The Bridge Community Centre offers different facilities such as the Tipton Food Pantry, Multi-Sensory Room, Community Digital Hub and space hire. We have many activities taking place from the centre such as community groups, network meeting, events, as well as some service delivery, the centre is busy with an annual footfall of approximately 5,705, which will include regular visitors.

The impact of higher cost of living has increased the number of people in our community living in food and fuel poverty. We have also seen an increase in the number of children, young people and adults requiring emotional and mental health support. We continue to respond to the needs within our community in different ways and within the year we supported approximately 6,049 individuals through all our services.

We successfully secured a Weston Garfield Award for Pilotlight 360 Programme, and so throughout the year we worked with a team of Professional Pilotlighters to support the Board and Executive team to develop the organisation.

Family, Children and Young People

Go Play – for the first six months of the year we continued to provide out of school play activities for children after school and during school holiday times in Rowley and Oldbury areas. During those six months we held 82 play sessions and supported 838 children with interactive play in Rowley and Oldbury.

Transition Support Group the ITI support group continues to be facilitated by a youth worker each week either via Zoom or in-person at The Bridge depending on the circumstances of the 5 group members.

Creative Therapy Services (CTS)

Looking Forward - supports children and young people aged between 5-18 years who have experienced any form of domestic violence, abuse, loss and separation, as well as children who are within care. During the year, this valuable service has supported 102 children, young people and families with counselling and therapeutic sessions.

Building Braver Mind – Tier 2 mental health support for children and young people in Sandwell. This contract was transferred from the CCG to Black Country Healthcare NHS Foundation Trust as the lead provider for all mental health services within the Black Country ICS. Team members work with CAMHS to support the triage of new referrals to the Single Point of Access. During the year we supported 519 children and young people with 2,421 counselling and therapeutic sessions.

Page 4

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Trustees' Report (continued) For the Year Ended 31 March 2024

Achievements and performance (continued)

Breaking Barriers – as a social enterprise, the service provides counselling and therapeutic support, working mostly with schools to support their student emotional wellbeing. This programme is tailored for individual school/client requirements. The programme continues to attract new schools and, in total we supported 265 children and young people (school students) with counselling and therapeutic sessions over the past year.

Beats not Blades - this was the last year of the Youth Music programme, which aimed to raise awareness and help tackle the increase in crime offences across Sandwell through the medium of creative music and art, giving young people hope, direction, alternative coping mechanisms, providing new opportunities and building longer term resilience. Participants gain an accredited qualification (Arts Award). Towards the end of the project, we worked with 16 young people.

Future Foundations is grant funding to support children and young people aged from 5 – 18 years with mental health support for a variety of needs in Sandwell. During the year 92 individuals have been supported with counselling and therapeutic sessions.

Adult Services

Bridges Support Service - supports people living at home towards the end of their lives in Birmingham and Solihull (BSOL) CCG areas. Throughout the year we had 45 new referrals and in total supported 84 people plus their carers'. The main demand for support has been at home to help people to continue living in their preferred place of care.

Community Offer covering Tipton and Rowley – This service supports people with different needs in the community. This includes diverse needs such as with the cost of living crisis there has been an increase in the number of people needing support with food and fuel poverty. Throughout the year, the team supported 1,846 people across Tipton and Rowley.

Sandwell Community Dementia Service – is delivered in partnership with 7 other community organisations (Agewell, Age UK, Alzheimer’s Society, Buds, Dementia Pathfinders, St Albans Community Association, West Bromwich African Caribbean Resource Centre) to support people with a memory concern before diagnosis to end of life care together with carers. During the last year we supported 1,840 people living with dementia and carers.

The Midlands Transition Action Group - has a membership of more than 20 members from across different professions meeting once a quarter to share updates and good practice and raise awareness of the young people with life limiting illnesses needs. The group normally, meets once a quarter sharing current practices and updates.

Food Pantry – throughout the year we had 328 members as food poverty has increased. The Food Pantry has a dedicated team of volunteers who manage the Food Pantry together with a staff member and during the year new volunteers have been recruited.

f. Fundings bids and tenders

In total 23 funding bids/tenders were submitted: 10 of these (43%) were successful, and 13 of these were unsuccessful.

Page 5

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Trustees' Report (continued) For the Year Ended 31 March 2024

Financial review

a. Going concern

We continue to remain agile, ready to respond to changes within the operating environment with organisation-wide Business Continuity Plans in place to manage the impact of business disruption on the Charity’s operations.

Recruitment continues to be challenging at the front-face with short-term contracts as well as competing with other sectors. However, within the year we recruited in two executive team roles to have the capacity to develop and generate income with existing and new services to respond and support the needs within the community.

Our cashflow remains stable, throughout the year we have regular scheduled income and expenditure timetables. We have carried forward funds for some services to be expended in the current finance year.

Despite the economic challenges our social enterprises: The Bridge, #BB service and; the Charity Shop continue to generate funds. The Charity Shop lease came to an end in March 2024 due to a town redevelopment programme. A new shop unit was secured with Sandwell MBC to transfer the shop, which we renovated and decorated before the shop was transferred.

In the coming year we are anticipating a significant tender to be released which we will be prioritising as well as focussing on other funding opportunities aligned to our strategic priorities and business plan. We expect, the renovation work on The Bridge building to be completed in this finance year, which will provide greater opportunities for new facilities to be offered to the community as well as to develop new services/projects to be delivered from there.

b. Reserves policy

The Charity aims to maintain reserves at a level that is equivalent to 6 months of the current annual income. The reserves required at the end of the year were £830,901 (2023: £582,960). The Charity's free reserves at 31 March 2024 which exclude fixed assets and the pension reserve amounted to £1,474,891 (2023: £1,471,222).

c. Risk factors

The Trustees continually review the strategic and operational risks the charity is or could be exposed to, and they are satisfied that there are management reporting systems in place to mitigate and minimise the effects of any such risks. Within our risk framework, we have an Organisation Risk Register to identify and put in measures to eliminate or minimise major risks, this is reviewed at each EMT meeting and overseen by the Trustees Audit/Finance Sub-Group as appointed by the Trustee Board. We have a Disaster Recovery/Business Continuity Policy and Plan to ensure in the event of a disaster or crisis we are able to restore and recover for continuity of business. We also have Trustee leads for Children’s Safeguarding and Vulnerable Adults Protection Sub-Group. In addition, we carry out periodic risk assessment reviews with our insurers.

We continue to hold to the ISO27001 Standard, carrying out internal audits and risk assessments in respect of Information Security Management.

Page 6

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Trustees' Report (continued) For the Year Ended 31 March 2024

d. Funding sources and how expenditure met objectives

The majority of our funding sources are via contracts with statutory bodies such as Local Authorities and NHS, while other funding comes from grant funding bodies. Social enterprise trading income includes: space hire at the Bridge and Brickhouse; #Breaking Barriers works directly with individual schools and others; and we have a Charity Shop in Tipton. All our funded activities are delivered and monitored internally through monthly reports to the senior management team and externally through contract management review meetings on a regular basis every 3 or 6 monthly basis with funders and commissioners. Budgets are set out at the beginning of the financial year and are closely monitored with a review taking place mid-year.

Stringent financial management is one of our key management tools to ensure our expenditure meets our objectives. This has been validated by commissioners and contract manager’s feedback.

e. Financial overview

Incoming resources for the year was £1,661,801 (2023: £1,748,879).

Resources expended for the year was £1,634,410 (2023: £1,796,184).

The net surplus for the year after pension scheme adjustments was £53,391 (2023: net surplus of £1,881,695). The net surplus for the year excluding pension scheme adjustments was £27,391 (2023: net deficit of £47,305).

The Trustees wish to thank all funding bodies and partners who have supported the Charity through the year to continue with our activities and to ensure we remain stable.

Fixed Assets shown on the Balance Sheet at a written down value of £163,788 (2023: £112,677) are used only for charitable purposes and include office equipment, fixture & fittings and general equipment.

The challenges of the economic environment with financial constraints in which the Charity operates remain high. The new operating environment of Integrated Care Systems (ICS) aims to establish closer collaborations between NHS healthcare, Local Authority social care and the Voluntary Sector supporting communities. This hopefully, will provide opportunities for voluntary sector organisations to be valued members of the ICS to jointly provide services. During the year we were able to access a grant to support the Charity with an energy audit to improve energy efficiencies.

The financial performance shown at the end of the year was healthy and sufficient to meet its ongoing items of expenditure, service activities not yet completed and future commitments and obligations. As produced by the 2024 Actuarial Accounting Disclosures there has been a further noticeable reduction in future obligations, as a result of changes in the assumptions used for the % rates on pension increases, salary rates and discount rate. The Net Asset/Liability calculations at 31 March 2024 report a surplus of £249,000, which has been derecognised on the basis that it is not recoverable in the form of future refunds from the LGPS plan, or a reduction in future employer contributions.

Page 7

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Trustees' Report (continued) For the Year Ended 31 March 2024

Structure, governance and management

a. Governance and Management

Murray Hall Community Trust Limited is registered as a charitable company limited by guarantee and was set up by a Trust deed. The charitable company is administered and managed in accordance with the charitable company's Articles of Association by the Board of Trustees together with members of the Executive Team; Manjula Patel (CEO), Tracey Medlyn (Operational Executive until December 2022 and then People & Culture Executive from January 2023), Lisa-Jane Garfield (Finance & Information Executive until July 2023), Debbie Bridgen (Finance & Information Executive from October 2023), Anna Eeles (Operational Development Executive from July 2022) and Elizabeth Baker (Operational Development Executive from March 2024).

The Trustees who served during the year were:

Voting

John Blewitt - Chairperson (until October 2023) Christine Harrison - Chairperson (From October 2023)

John Miller David Hill Christopher Patterson Balwinder Kaur

Non-Voting Manjula Patel - Chief Executive (Company Secretary) Lesley Ralph - Clerk of the Trustees

Trustee Sub Groups

Audit/Finance – John Blewitt & John Miller Organisational Development & Human Resources - John Miller Clinical Governance – David Hill Business & Fundraising – Christopher Patterson & Christine Harrison Strategic Partnerships – John Blewitt & Balwinder Kaur Remuneration – Christine Harrison HR Appeals – Christine Harrison Children & Adult Safeguarding – David Hill

All Resolutions of Sub Groups are approved at the full General Board Meetings.

Page 8

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Trustees' Report (continued) For the Year Ended 31 March 2024

Structure, governance and management (continued)

b. Recruitment and appointment of Trustees

The Charity recruits and appoints its Trustees to meet the requirements of the governing documents. We have a Trustees Recruitment Pack, which includes background to the charity, and information about; specific expertise required, roles and responsibilities, together with details of the recruitment process and an application form. The Trustees’ Pack ensures that prospective Trustees have the information to understand their obligations, including the Charity Commission requirements of being a Trustee. We advertise for new Trustees locally and due to the nature of the work of Murray Hall, all Trustees undertake a full enhanced disclosure check, together with a pre-appointment disqualification check and eligibility declaration. A new Board Recruitment and Succession Planning Policy will be ready in the new finance year.

c. Organisational structure

The Charity is run by a Board of Trustees where a number of powers are delegated to eight sub-committees (5 active and 3 as and when required) including an Executive Managers’ Team (EMT) consisting of two Operational Development Executives, Finance & Information Governance Executive and People & Culture Executive overseen by the Chief Executive.

d. Trustees and development

Trustees undertake a formal induction managed by the Chairperson of the Trustees and the CEO which ensure they are aware of their powers, duties and liabilities. Training needs assessments are undertaken and specific training is provided as required. Throughout the year other workshops and away-days are arranged and these are used specifically for working through certain strategic issues and allows the Trustees to formulate policy and strategy in a more considered manner. This year as part of a Weston Garfield Foundation award, members of the Board of Trustees have participated in a 12 months Pilotlight scheme with a deep dive into the organisation. The outcome is a new draft Strategy which will be finalised this summer.

The Clerk of the Trustees ensures we are aware of regular updates on new legislation and guidance from the Charity Commission. This information is then cascaded to Board members to ensure that all the Trustees are fully aware of changes and updates to guidance and legislations relating to charities. During the year the Board in principle adopted the new Charity Governance Code. To date we have carried out a self-assessment and RAG rated it to provide a priority list for incremental improvements.

Page 9

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Trustees' Report (continued) For the Year Ended 31 March 2024

Structure, governance and management (continued)

e. Relationship with wider network

The Charity has relationships with a number of stakeholders in its area of benefit. These include commissioning bodies such as the NHS bodies, the Local Authority and wider Voluntary Sector networks where we work collaboratively with a number of small, medium and large voluntary organisations. These links have been developed through work within community development and contribute to shared objectives aimed at reducing health inequalities.

As an addition to the wider network, the Charity is also represented on a number of strategic groups in Sandwell, including; Sandwell Council of Voluntary Organisation (SCVO), Children and Young People Group, SCVO Health and Social Care Group and, SCVO Executive Leaders Group, Birmingham & Solihull Mental Health VCFSE Provider Collective and Panel, and Black Country VCSE Alliance. Also, the Charity is a member of Locality, Compassionate Communities UK and Association of Chief Executive of Voluntary Organisations (ACEVO).

f. Restrictions in the way we operate

The Charity is required to operate within its constitution, its set objectives and stated powers.

g. Special investment powers

The Trustees do not operate any special investment powers and the Charity only receives interest on bank accounts. There are no specific investment powers set out in the constitution.

h. Relationships with related parties

Whilst the Charity has many relationships and partnerships with similar charities and organisations in the locality, it is not considered that Murray Hall Community Trust is ‘connected’ to any other Charity by way of common control or unity of administration. Murray Hall Community Trust does however have a number of strategic alliances and partnerships which are as follows:

Page 10

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Trustees' Report (continued) For the Year Ended 31 March 2024

Plans for future periods

The Asset Transfer of The Bridge building with a 99 year lease is with the solicitors to finalise the Lease Agreement documents. The building work to renovate the remaining ground floor of The Bridge building will be carried out in 2024/25 and will provide Murray Hall with a fully renovated building. This will include new double/triple glazed windows and doors enabling us to be more energy sustainable. With the full use of the building, we will be able to provide more facilities and support for the community to utilise The Bridge Community Centre, which will be secured for the longterm as a home for Murray Hall Community Trust as a firmly rooted community anchor organisation, a valuable asset for the local population.

Funds held as custodian

There are no funds held as custodian trustee on behalf of others.

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditor

Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:

Page 11

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Trustees' Report (continued) For the Year Ended 31 March 2024

Auditor

The auditor, Dains Audit Limited, has indicated his willingness to continue in office. The designated Trustees will propose a motion reappointing the auditor at a meeting of the Trustees.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Christine Harrison

Chair of Trustees

Date: 4 September 2024

Page 12

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Independent Auditor's Report to the Members of Murray Hall Community Trust Limited

Opinion

We have audited the financial statements of Murray Hall Community Trust Limited (the 'charity') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 13

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Independent Auditor's Report to the Members of Murray Hall Community Trust Limited (continued)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Page 14

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Independent Auditor's Report to the Members of Murray Hall Community Trust Limited (continued)

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

Page 15

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Independent Auditor's Report to the Members of Murray Hall Community Trust Limited (continued)

Auditors' responsibilities for the audit of the financial statements (continued)

We assessed the susceptibility of the charitable company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.

Page 16

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Independent Auditor's Report to the Members of Murray Hall Community Trust Limited (continued)

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Mark Gurney FCCA (senior statutory auditor)

for and on behalf of Dains Audit Limited

Statutory Auditor Chartered Accountants

Birmingham

Page 17

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Statement of financial activities (incorporating income and expenditure account) For the Year Ended 31 March 2024

Note
Income from:
Donations and legacies
4
Charitableactivities
5
Investments
6
Total income
Expenditure on:
Charitableactivities
7
Total expenditure
Net (expenditure)/income
Transfers between funds
14
Net movement in funds before other
recognised gains/(losses)
Other recognised gains/(losses):
Actuarial gains on defined benefit
pension schemes
20
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
14
Total funds carried forward		 Unrestricted
funds
2024
£
43,694
328,303
10,171
382,168
645,997
645,997
(263,829)
322,609
58,780
26,000
84,780
1,553,899
84,780
1,638,679		 Restricted
funds
2024
£
-
1,279,633
-
1,279,633
988,413
988,413
291,220
(322,609)
(31,389)
-
(31,389)
307,642
(31,389)
276,253		 Total
funds
2024
£
43,694
1,607,936
10,171
1,661,801
1,634,410
1,634,410
27,391
-
27,391
26,000
53,391
1,861,541
53,391
1,914,932		 Total
funds
2023
£
38,155
1,710,388
336
1,748,879
1,796,184
1,796,184
(47,305)
-
(47,305)
1,929,000
1,881,695
(20,154)
1,881,695
1,861,541

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 22 to 46 form part of these financial statements.

Page 18

Murray Hall Community Trust Limited

(A Company Limited by Guarantee) Registered number: 03692018

Balance Sheet As at 31 March 2024

Note
Fixed assets
Tangible assets
Current assets
11
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within one year
13
Net current assets
Net assets excluding pension liability
Defined benefit pension scheme liability
20
Total net assets
Charity funds
Restricted funds
14
Unrestricted funds
Generalfunds
14
Pension reserve
14
Total unrestricted funds
14
Total funds		 68,174
1,896,733
1,964,907
(213,763)
1,638,679
-		 2024
£
163,788
1,751,144
1,914,932
-
1,914,932
276,253
1,638,679
1,914,932		 79,950
2,008,647
2,088,597
(309,733)
1,583,899
(30,000)		 2023
£
112,677
1,778,864
1,891,541
(30,000)
1,861,541
307,642
1,553,899
1,861,541

Page 19

Murray Hall Community Trust Limited

(A Company Limited by Guarantee) Registered number: 03692018

Balance Sheet (continued) As at 31 March 2024

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Christine Harrison

Chair of Trustees

Date: 4 September 2024

The notes on pages 22 to 46 form part of these financial statements.

Page 20

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Statement of Cash Flows

For the Year Ended 31 March 2024

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Dividends, interests and rents from investments
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
Net cash used in investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2024
£
(57,143)
10,171
200
(65,142)
(54,771)
(111,914)
2,008,647
1,896,733		 2023
£
156,281
336
-
(5,889)
(5,553)
150,728
1,857,919
2,008,647

The notes on pages 22 to 46 form part of these financial statements

Page 21

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2024

1. General information

Murray Hall Community Trust Limited is a charitable company incorporated under the Companies Act in England and Wales and registered with the Charity Commission for England and Wales. The address of the registered office is given in the reference and administration section of these financial statements. The nature of the charity's operations and principal activities are to promote health and wellbeing and continue to serve in the Black Country and Birmingham areas as well as in the wider West Midlands region.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The financial statements are prepared in the charitable company's functional currency of GBP (Sterling). They are presented to the nearest £.

Murray Hall Community Trust Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The financial statements have been prepared on a going concern basis. The charitable company holds liquid funds sufficient to supports its cash flow requirements over the foreseeable future under all scenarios, particularly paying attention to secured and unsecured future funding. Therefore, the trustees consider there are no material uncertainties about the charitable company's ability to continue as a going concern.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.

Page 22

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2024

2. Accounting policies (continued)

2.3 Income (continued)

Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the Charity earns the right to the consideration due by its satisfaction of performance obligations. Where income is received in advance of performance it is treated as deferred income and included within creditors.

Where grant funding agreements contain conditions that specify the services to be performed in the form of a service level agreement, the conditions for payment are linked to the achievement of a particular level of service or the units of output delivered. Income must only be recognised to the extent that the Charity has provided the specified services as entitlement to the grant only occurs when the performance-related conditions are met.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the Charity and include audit fees and costs linked to the strategic management of the Charity.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

Page 23

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2024

2. Accounting policies (continued)

2.5 Government grants

Government grants are credited to the statement of financial activities as the related expenditure is incurred.

2.6 Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

2.7 Tangible fixed assets and depreciation

Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

At each reporting date the Charity assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

Leasehold improvements - 4% - 20% straight-line
Fixtures and fittings - 25% straight-line
Officeequipment - 25% straight-line
Computerequipment - 25% straight-line

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Financial Activities.

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 24

Murray Hall Community Trust Limited

Notes to the Financial Statements For the Year Ended 31 March 2024

(A Company Limited by Guarantee)

2. Accounting policies (continued)

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

2.11 Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the lease term.

2.12 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

Retirement benefits to employees of the charity are provided by the Local Government Pension Scheme (LGPS). These are defined benefit schemes, and are contracted out of the State Earnings-Related Pension Scheme ("SERPS"), and the assets are held separately from those of the charity.

The LGPS is a funded scheme and the assets are held separately from those of the charity in separate trustee administered funds. Pension scheme assets are measured at fair value and liabilities are measured on an actuarial basis using the projected unit method and discounted at a rate equivalent to the current rate of return on a highly quality corporate bond of equivalent term and currency to the liabilities. The actuarial valuations are obtained at least triennially and are updated at each Balance Sheet date. The amounts charged to operating surplus are the current service costs and gains or losses on settlements and curtailments. They are included as part of staff costs. Past service costs are recognised immediately in the Statement of Financial Activities if the benefits have vested. If the benefits have not vested immediately, the costs are recognised over the period until the vesting occurs. The expected return on assets and the interest costs are shown as a net finance amount of other finance costs or credits adjacent to interest. Actuarial gains and losses are recognised immediately in other gains and losses.

2.13 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Page 25

Murray Hall Community Trust Limited

Notes to the Financial Statements For the Year Ended 31 March 2024

(A Company Limited by Guarantee)

3. Critical accounting estimates and areas of judgement

In the application of the charitable company’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The charitable company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.

Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical accounting estimates and assumptions:

Key sources of estimation uncertainty

Pension valuation

Management obtain an actuarial valuation annually whereby the defined benefit liability is measured by using the present value of its obligations under defined benefit plans less the fair value of plan assets at the reporting date out of which the obligations are to be settled. The present value of the defined benefit liability depends on a number of factors that are determined on an actuarial basis using a variety of assumptions, including the discount rate. Any changes in these assumptions, which are disclosed in note 20, will impact the carrying amount of the pension liability. Furthermore, a roll forward approach which projects results from the latest triennial actuarial valuation performed 31 March 2022 has been used by the actuary in valuing the pensions liability at 31 March 2024, with allowance for expected investment return, actual cashflows and high inflation experienced from 2022 to 2024. Any differences between the figures derived from the roll forward approach and a full actuarial valuation would impact on the carrying amount of the pension liability.

Page 26

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 March 2024

4. Income from donations and legacies

Donations
Donated in-kind facility
Donations
Donated in-kind facility
Income from charitable activities
The advancement of health and wellbeing
The advancement of health and wellbeing		 Unrestricted
funds
2024
£
328,303
Unrestricted
funds
2023
£
251,654		 Unrestricted
funds
2024
£
7,894
35,800
43,694
Unrestricted
funds
2023
£
4,155
34,000
38,155
Restricted
funds
2024
£
1,279,633
Restricted
funds
2023
£
1,458,734		 Total
funds
2024
£
7,894
35,800
43,694
Total
funds
2023
£
4,155
34,000
38,155
Total
funds
2024
£
1,607,936
Total
funds
2023
£
1,710,388

5. Income from charitable activities

Page 27

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 March 2024

6. Investment income

Investment income
Investment income
Analysis of expenditure by activities
The advancement of health and wellbeing
The advancement of health and wellbeing		 Activities
undertaken
directly
2024
£
1,391,917
Activities
undertaken
directly
2023
£
1,560,022		 Unrestricted
funds
2024
£
10,171
Unrestricted
funds
2023
£
336
Support
costs
2024
£
242,493
Support costs
2023
£
236,162		 Total
funds
2024
£
10,171
Total
funds
2023
£
336
Total
funds
2024
£
1,634,410
Total
funds
2023
£
1,796,184

7. Analysis of expenditure by activities

The advancement of health and wellbeing

Page 28

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 March 2024

7. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
LGPS finance costs
Depreciation
Staff and volunteer travel
Recruitment and other staff costs
Training and subscriptions
Sessional and subcontracting costs
Programme expenditure
Changeimplementation
Analysis of support costs
IT, printing and stationery
Legal, professional and bank charges
Repairs and maintenance
Service charge and security costs
Governancecosts		 Total
funds
2024
£
Total
funds
2023
£
838,974
905,793
(4,000)
71,000
13,713
12,147
11,702
5,881
9,896
10,168
66,562
154,347
397,589
385,967
46,977
14,719
10,504
-
1,391,917
1,560,022
Total
funds
2024
£
Total
funds
2023
£
45,003
48,096
21,630
15,452
2,407
10,656
161,103
150,458
12,350
11,500
242,493
236,162

Page 29

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2024

8. Auditor's remuneration

2024 2023
£ £
Fees payable to the Charity's auditor for the audit of the Charity's annual
accounts 12,350 11,500

9. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2024
£
2023
£
742,450
812,265
49,377
51,390
47,147
42,138
838,974
905,793

The average number of persons employed by the Charity during the year was as follows:

Direct charitable activities
Management and governance		 2024
No.
2023
No.
29
37
5
5
34
42

No employee received remuneration amounting to more than £60,000 in either year.

The total amount of employee benefits received by key management personnel is £205,102 (2023 - £184,724). The Trust considers its key management personnel to comprise of 5 individuals being the Chief Executive Officer, the Finance and Information Governance Executive, the People Executive, and two Operational Development Executives.

Page 30

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2024

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).

During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL).

Manjula Patel is the current Chief Executive Officer of the charity and is a full time employee who is paid an annual salary. She sits on the committee but is not entitled to vote. She also served on all of the sub-groups. This arrangement was formally approved by the Charity Commission on 12 October 1999.

The charity has not at any time entered into any material transactions, contracts or other arrangements with its trustees, employees or any other persons, businesses or charities connected with them. The charity has paid a premium of £380 (2023 - £362) in the year for Trustees professional indemnity insurance.

11. Tangible fixed assets

Cost
At 1 April 2023
Additions
Disposals
Transfers between classes
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
Ondisposals
Transfers between classes
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Leasehold
improvements
£
-
48,256
-
121,496
169,752
-
10,514
-
16,200
26,714
143,038
-		 Fixtures and
fittings
£
136,617
16,886
-
(121,496)
32,007
28,859
1,313
-
(16,200)
13,972
18,035
107,758		 Office
equipment
£
34,917
-
(1,692)

-
33,225
30,582
1,594
(1,374)
-
30,802
2,423
4,335		 Computer
equipment
£
16,903
-
-
-
16,903
16,319
292
-
-
16,611
292
584		 Total
£
188,437
65,142
(1,692)
-
251,887
75,760
13,713
(1,374)
-
88,099
163,788
112,677

Page 31

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 March 2024

12. Debtors

Due within one year
Trade debtors
Other debtors
Prepayments and accrued income
Creditors: Amounts falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 April 2023
Resources deferred during the year
Amounts released from previous periods		 2024
£
43,667
10,058
14,449
68,174
2024
£
59,480
15,518
10,326
128,439
213,763
2024
£
173,529
101,122
(173,529)
101,122		 2023
£
70,319
3,641
5,990
79,950
2023
£
36,200
11,280
6,299
255,954
309,733
2023
£
149,046
173,529
(149,046)
173,529

13. Creditors: Amounts falling due within one year

Deferred income relates to grants received in advance of entitlement of receipt in respect of activities due to take place in 2024-25 and therapeutic services set to be delivered to schools in 2024-25.

Page 32

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2024

14. Statement of funds

Statement of funds - current year

Unrestricted funds
GeneralFunds
Pension Reserve		 Balance at
1April
2023
£
1,583,899
(30,000)
1,553,899		 Income
£
382,168
-
382,168		 Expenditure
£
(649,997)
4,000
(645,997)		 Transfers
in/out
£
322,609
-
322,609		 Gains/
(Losses)
£
-
26,000
26,000		 Balance at
31March
2024
£
1,638,679
-
1,638,679

Page 33

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2024

14. Statement of funds (continued)

Restricted funds
Brickhouse Community Centre
Go Play - SMBC
Starting Well - DHSC
NHS BSoL ICB
Community Offer - Rowley &
Tipton - SMBC
Sandwell Dementia Service 2 -
SMBC
Sandwell Dementia Service -
SMBC
NHS BC ICB
Carers Theraputic Support
Services
Beats not Blades - Youth Music
SCVO Future Foundations
The National Lottery
Community Fund - RC
Midlands Region
Clinical Lead - CIN
BBM24
Wolfson
Compassionate Communities -
SCVO Esmée Fairbairn
PCN Link Worker - Newcomen
PCN
Winter Pressures - CiS
Smaller funds
Total of funds		 Balance at
1April
2023
£
-
33,362
149
33,440
93,772
-
36,107
12,472
-
1,019
-
19,162
-
-
50,000
6,045
(791)
22,731
174
307,642
1,861,541		 Income
£
13,626
41,415
-
137,721
280,000
188,000
188,000
184,523
29,249
11,936
49,517
63,030
-
-
50,000
-

8,840
6,569
27,207
1,279,633
1,661,801		 Expenditure
£
(12,894)
(36,788)
(149)
(50,079)
(212,903)
(179,448)
(176,054)
(170,373)
(29,249)
(12,955)
(28,494)
(62,829)
(361)
(90)
(1,744)
(1,922)
(7,661)
(1,879)
(2,541)
(988,413)
(1,634,410)		 Transfers
in/out
£
(732)
(37,989)
-
(49,514)
(67,097)
-
(31,050)

(26,622)
-
-
(3,393)
(11,231)

-
-
(48,256)
(4,123)

-
(27,421)
(15,181)
(322,609)
-		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
26,000		 Balance at
31March
2024
£
-
-
-
71,568
93,772
8,552
17,003
-
-
-
17,630
8,132
(361)
(90)
50,000
-
388
-
9,659
276,253
1,914,932

Page 34

Murray Hall Community Trust Limited

Notes to the Financial Statements For the Year Ended 31 March 2024

(A Company Limited by Guarantee)

14. Statement of funds (continued)

Recharges of £322,609 (2023 - £320,886) were made during the year between restricted and unrestricted funds for support services provided across the organisation and the infrastructure required in order to facilitate the delivery of contracts and service level agreements. This includes all the governance, risk management, regulatory and legal frameworks, contract performance & quality measures, database and IT systems, finance and human resource services and strategic planning costs.

The Charity portfolio of services continues to cover a wider breadth from early years to end of life care as follows:

Brickhouse Community Centre

Following Sandwell Local Authority review of all community centres, Murray Hall has been awarded a grant for the next few years to continue with managing the centre on behalf of Sandwell Local Authority. We work with the community to increase the activities we provide at the centre.

Go Play

We provide a free open access to play provision in the ward areas of the two towns of Rowley and Oldbury for children aged from 6-12 years throughout the year. The play activities take place in park areas and community centres providing opportunities for children to participate in fun play and physical activities.

Starting Well

Murray Hall is the lead agency in partnership with 8 other organisations having secured funding from the Department of Health and Social Care for this scheme running to March 2023. The aim of the scheme was to provide extra support to expectant mothers and their children from 0 to 2 ½ years within the high deprived local areas and black and ethnic minority communities (including refugees and migrant population).

Bridges Support Service

The service supports people living towards the last year of their lives, and their carers to ensure they are able to maintain their quality of life at home as their preferred place of care. The service provides different kinds of support depending on needs, including information, navigation and practical support, working closely with others to coordinate support and care in the community. This year we are planning to pilot the support to people living with severe frailty in one area of Birmingham.

Community Offer

We provide this service across Tipton and Rowley and work closely with the commissioners and other third sector providers who cover the other towns within the borough. The service has a flexible approach, supporting people with low level as well as complex needs.

Page 35

Murray Hall Community Trust Limited

Notes to the Financial Statements For the Year Ended 31 March 2024

(A Company Limited by Guarantee)

14. Statement of funds (continued)

Sandwell Community Dementia Service (SCDS)

This service is provided by a provider collaborative partnership of 8 voluntary sector organisations with Murray Hall now the lead partner. The service supports people in Sandwell with dementia from the early on-set of symptoms, supporting them gaining a diagnosis and living with dementia to end of life care.

Building Braver Minds (BBM)

Following the changes within the NHS the contract for the Tier 2 was transferred from SWB CCG to Black Country Health NHS Foundation Trust. The service provides counselling support to children and young people in Sandwell, including providing support within the Single Point of Access with CAMHS for a few days a week.

Beats not Blades

This is an arts-based programme working with young people to find ways of expressing themselves through the use of art media in particular through music. We work with schools and Pupil Referral Unit (PRU) providing opportunities for those who participate to gain an accredited qualification (Arts Award).

Looking Forward

This is the final year of this service to support children, young people/families service which seeks to improve the emotional resilience of vulnerable families (at risk of poor mental health) who fall below the threshold of mental health statutory services. The service seeks to improve the wellbeing of children and young people who have a history of domestic violence and abuse, separation and loss.

The National Lottery Community Fund - RC Midlands Region

This grant funding is a 2-year grant following on from the success of the original Looking Forward service noted above. The service model delivery has been enhanced based on the evaluation of the original activity and outcomes, the model therefore operates a more targeted approach to both the child/young person and provides the parent/carers with better understanding and strategies to support the child/young person and empowers families to build resilient relationships.

Wolfson

We were awarded £50k being 50% of the funds required to develop an onsite Digital Creative Centre. Due to the Covid-19 pandemic the project could not be started and has been further delayed during the year.

The Compassionate Communities Project

This is a partnership with Sandwell Advocacy, with Murray Hall as the lead. It is Esmee Fairburn funding distributed through SCVO. The aim of the project is to work with the community to raise awareness of the concept of compassionate communities and to build their confidence with discussing issues around end of life with the people they support.

Page 36

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 March 2024

14. Statement of funds (continued)

PCN Social Prescribing Link Worker

On behalf of Newcomen PCN, Murray Hall are hosting two Link Workers, who will be working across 6 Primary Care practices, taking referrals from GPs to support people with low level needs to help them to make social connections in the community.

Winter Pressures / SCVO Future Foundations

Working with Community in Sync to provide mental health and therapeutic support to adults over the age of 18 years within Sandwell with mental health needs such as anxiety, depression and suicidal ideation.

The SCVO Future Foundations winter pressures project is a time-limited project in partnership with other voluntary sector providers through SCVO to support children and young people with mental health needs. Murray Hall provides counselling and therapeutic support.

Community Ownership Fund

We secured significant capital funding from the central Government Community Ownership Fund to renovate the remaining ground floor of the Bridge building, which include new windows and doors and will ensure the whole building can be brought into use. The main building work will be completed in the coming year. Once fully renovated The Bridge Community Centre will be fully open to the community with new facilities.

Smaller funds

Warm Spaces

During the fuel poverty crisis, Murray Hall is able to offer warm spaces within the Bridge community centre to enable local people to spend time in the building and stay warm, meet others, and participate in activities such as puzzles and book with hot refreshment.

National Grid Energy to Change

To provide support to people experiencing fuel poverty and debt with a budgeting programme and debt management course. Ensuring people are able to access appropriate information for energy efficiencies, discounts, community support etc.

Secure Beginnings – funded by Walsall Local Authority, this funding supports parents and infant emotional wellbeing.

Supportive Steps – funded by Sandwell Local Authority, this funding supports people who have been subjected to domestic violence.

Spectrum of Belonging – funded by Safer Sandwell Partnership, Local Police and Crime Board, this funding addresses issues relating to Cultural Identity; Diversity & Inclusion; and Digital Inclusion.

Page 37

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2024

14. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
GeneralFunds
Pension Reserve		 Balanceat
1April
2022
£
1,423,072
(1,888,000)
(464,928)		 Income
£
290,145
-
290,145		 Expenditure
£
(450,204)
(71,000)
(521,204)		 Transfers
in/out
£
320,886
-
320,886		 Gains/
(Losses)
£
-
1,929,000
1,929,000		 Balanceat
31March
2023
£
1,583,899
(30,000)
1,553,899

Page 38

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 March 2024

14. Statement of funds (continued)

Restricted funds
Brickhouse Community Centre
Go Play - SMBC
Starting Well - DHSC
NHS BSoL ICB
SPARCS Community Offer
Community Offer - Rowley &
Tipton - SMBC
Sandwell Dementia Service -
SMBC
NHS BC ICB
Carers Theraputic Support
Services
Beats not Blades - Youth
Music
SCVO Future Foundations
The National Lottery
Community Fund - RC
Midlands Region
Clinical Lead - CIN
BBM24
Wolfson
Compassionate Communities -
SCVO Esmée Fairbairn
PCN Link Worker - Newcomen
PCN
Winter Pressures - CiS
Smaller funds
Total of funds		 Balanceat
1April
2022
£
-
31,315
14,072
43,276
1,975
45,300
(563)
81,390
13,845
12,404
5,690
31,962
15,141
8,843
50,000
11,557
-
6,129
72,438
444,774
(20,154)		 Income
£
10,017
85,642
186,642
132,297
-
308,000
320,784
213,313
-
-
-
-
97,885
-
-
-
5,472
69,180
29,502
1,458,734

1,748,879		 Transfers
Expenditure
in/out
£
£
(9,770)
(247)
(76,744)
(6,851)
(182,318)
(18,247)
(123,533)
(18,600)
(2,064)
89
(226,528)
(33,000)
(257,483)
(26,631)
(178,552)
(103,679)
-
(13,845)
(9,787)
(1,598)
(6,043)
353
(30,970)
(992)
(82,434)
(11,430)
(2,708)
(6,135)
-
-
(3,289)
(2,223)
(3,863)
(2,400)
(50,126)
(2,452)
(28,768)
(72,998)
(1,274,980)
(320,886)
(1,796,184)
-		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,929,000		 Balanceat
31March
2023
£
-
33,362
149
33,440
-
93,772
36,107
12,472
-
1,019
-
-
19,162
-
50,000
6,045
(791)
22,731
174
307,642
1,861,541

Page 39

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2024

15. Summary of funds

Summary of funds - current year

Generalfunds
Restricted funds		 Balance at
1April
2023
£
1,553,899
307,642
1,861,541		 Income
£
382,168
1,279,633
1,661,801		 Expenditure
£
(645,997)
(988,413)
(1,634,410)		 Transfers
in/out
£
322,609
(322,609)
-		 Gains/
(Losses)
£
26,000
-
26,000		 Balance at
31March
2024
£
1,638,679
276,253
1,914,932

Summary of funds - prior year

Generalfunds
Restricted funds		 Balanceat
1 April 2022
£
(464,928)
444,774
(20,154)		 Transfers
Income
Expenditure
in/out
£
£
£
290,145
(521,204)
320,886
1,458,734
(1,274,980)
(320,886)
1,748,879
(1,796,184)
-		 Gains/
Balance at
31March
(Losses)
2023
£
£
1,929,000
1,553,899
-
307,642
1,929,000
1,861,541

Page 40

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2024

16. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Provisions for liabilities and charges
Total		 Unrestricted
funds
2024
£
163,788
1,623,071
(148,180)
-
1,638,679		 Restricted
funds
2024
£
-
341,836
(65,583)
-
276,253		 Total
funds
2024
£
163,788
1,964,907
(213,763)
-
1,914,932

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Provisions for liabilities and charges
Total		 Unrestricted
funds
2023
£
112,677
1,562,801
(91,579)
(30,000)
1,553,899		 Restricted
funds
2023
£
-
525,796
(218,154)
-
307,642		 Total
funds
2023
£
112,677
2,088,597

(309,733)
(30,000)
1,861,541

Page 41

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 March 2024

17. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/expenditure for the period (as per Statement of Financial Activities)
Adjustments for:
Depreciationcharges
Dividends, interests and rents from investments
Loss on the sale of fixed assets
Decrease/ (increase) in debtors
Increase/ (decrease) in creditors
Defined benefit pension scheme current service cost
Defined benefit pension scheme finance cost less contributions payable
Net cash provided by/(used in) operating activities
18.
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
19.
Analysis of changes in net debt
At 1 April
2023
Cash at bank and in hand
£
2,008,647
2,008,647		 2024
£
27,391
13,713
(10,171)
118
11,776
(95,970)
26,000
(30,000)
(57,143)
2024
£
1,896,733
2023
£
(47,305)
12,147
(336)
-
157,612
(36,837)
46,000
25,000
156,281
2023
£
2,008,647
2,008,647
At 31 March
2024
£
1,896,733
1,896,733
1,896,733
Cash flows
£
(111,914)
(111,914)

Page 42

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2024

20. Pension commitments

The Charity operates a defined benefit pension scheme.

West Midlands Pension Fund – Main Scheme

Murray Hall Community Trust Limited participates in the West Midlands Pension Fund which is administered by Wolverhampton City Council. This fund is a defined benefit arrangement.

The pension cost is assessed in accordance with the advice of an independent qualified actuary using the projected unit credit method of valuation. This scheme is subject to a triennial review with the most recent one having been at 31 March 2022.

The total contribution made for the year ended 31 March 2024 was £38,000 (2023: £34,000) of which employer's contributions totalled £31,000 (2023: £27,000) and employees' contributions totalled £7,000 (2023: £7,000). The agreed contribution rates for future years are 29.8% per cent (primary rate of 22.9% plus secondary rate of 6.9%) for employers and 5.5% - 12.5% per cent for employees.

Principal actuarial assumptions at the Balance Sheet date (expressed as weighted averages):

At 31 March At 31 March
2024 2023
% %
Discount rate 4.85 4.75
Future salary increases 3.75 3.95
Future pension increases 2.75 2.95
At 31 March At 31 March
2024 2023
Years Years
Mortality rates (in years)
- for a male aged 65 now 21.4 21.5
- at 65 for a male aged 45 now 20.6 20.8
- for a female aged 65 now 23.3 23.5
- at 65 for a female aged 45 now 24.9 25.1

Page 43

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 March 2024

20. Pension commitments (continued)

The Charity's share of the assets in the scheme was:

Equities
Bonds
Property
Cash
Total fair value of assets		 At 31 March
2024
£
2,020,000
927,000
199,000
165,000
3,311,000		 At 31 March
2023
£
2,062,000
667,000
212,000
91,000
3,032,000

The actual return on scheme assets was £294,000 (2023 - £(16,000)).

The amounts recognised in the Statement of Financial Activities are as follows:

Current service cost
Interest income
Interest cost
Total amount recognised in the Statement of Financial Activities		 2024
£
26,000
(144,000)
145,000
27,000		 2023
£
46,000
(84,000)
136,000
98,000

Movements in the present value of the defined benefit obligation were as follows:

Opening defined benefit obligation
Contributions by scheme participants
Current service cost
Interest cost
Actuarialgains
Benefits paid
Closing defined benefit obligation		 2024
£
3,062,000
7,000
26,000
145,000
(125,000)
(53,000)
3,062,000		 2023
£
4,942,000
7,000
46,000
136,000
(2,013,000)
(56,000)
3,062,000

Page 44

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2024

20. Pension commitments (continued)

Movements in the fair value of the Charity's share of scheme assets were as follows:

Opening fair value of scheme assets
Interest income
Actuarialgains
Contributions by employer
Contributions by scheme participants
Benefits paid
Derecognition of pension surplus
Closing fair value of scheme assets		 2024
£
3,032,000
144,000
150,000
31,000
7,000
(53,000)
(249,000)
3,062,000		 2023
£
3,054,000
84,000
(84,000)
27,000
7,000
(56,000)
-
3,032,000

21. Operating lease commitments

At 31 March 2024 the Charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2024
£
1,871
6,835
8,706		 2023
£
169
338
507

The St. Marks Road (The Bridge) property was occupied on a 30 year lease with Sandwell MBC on a peppercorn rent, which commenced in October 2013 under the unincorporated charity and transferred to Murray Hall Community Trust Limited in 2021.

22. Related party transactions

During the year the Charitable Company received £4,815 (2023: £Nil) and paid £1,450 (2023: £1,450) to Locality UK Limited. The charity paid £Nil (2023: £Nil) to Compassionate Communities UK. These organisations are related by virtue of the fact that M Patel is a trustee in both organisations.

Page 45

Murray Hall Community Trust Limited

(A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 March 2024

23. Post balance sheet events

Following the year end, the charitable company signed an asset transfer agreement with Sandwell MBC to transfer the St. Marks Road (The Bridge) property to the charitable company on a 99 year lease on a peppercorn rent.

24. Controlling party

The ultimate controlling party is the Trustees of the charitable company.

Page 46