2022-03-31-accounts

CONTENTS	PAGE NO.
COMPANY 8c CHARITY INFORMATION
TRUSTEES' REPORT	4-6
INDEPENDENT EXAMINER'S REPORT
STATEMENT OF FINANCIAL ACTIVITIES
BALANCE SHEET
NOTES TO THE FINANCIAL STATEMENTS	10-15

					2022	2021
		Unrestricted	Designated	Restricted	Total	Total
		Funds	Funds	Funds	Funds	Funds
	Notes	f	f	f	f	f
INCOME FROM:
Donations 8 legacies		3,413			3,413	24,926
Charitable activities		115,217		162,007	277,224	215,042
Other trading activities		9,892			9,892	10,850
Investment income
TOTAL INCOME		128,529		162,007	290,536	250,832
EXPENDITURE ON:
Raising Funds					0	5,944
Charitable Activities		100,4?5	23,729	169,664	293,868	254,483
TOTAL EXPENDITURE		100,475	23,729	169,664	293,868	260,427
NET INCOME/(EXPENDITURE)
before transfers		28,054	(23,729)	(7,657)	(3,332)	(9,595)
Transfers between funds
Prior year Adjustment						(78}
RECONCILIATION OF FUNDS
Total funds bought forward		133,392	407,426	658,624	1,199,442	1,209,115
TOTAL FUNDS CARRIED FORWARD		161,446	383,697	650,967	1,196,110	1,199,442

Bilston Resource Centre Balance Sheet as at31stMarch 2022
	Notes	At 31stIVlarch	At 31st March
		2022	2021
		E	E
FIXEDASSETS
Tangible		1,018,638	1,071,541
CURRENT ASSETS
Debtors 8,prepayments		52,798	42,73?
Cash at bank and in hand		140,774	105,382
		193,572	148,119
CREDITORS
Amounts falling due within one year	10	16,100	20,218
NET CURRENT ASSETS		177,472	127,901
TOTAL ASSETS LESSCURRENT LIABIUTIES		1,196,110	1,199,442
CREDITORS
Amounts falling due after more than one year
NET ASSETS			1,199,442
FUNDS OFTHE CHARITY
Restricted funds		650,967	658,624
Unrestricted funds		161,446	133,392
Designated funds		383,697	407,426
TOTAL FUNDS		1,196,110	1,199,442

Note
	INCOME FROM DONATIONS			&a LEGACIES			2022	2021
							f	f
	Garfield Weston Foundation							20,000
	Grantham Yorke Trust						1,000	1,000
	Rotary Charity							500
	The Edward Cadbury	ECCT Grant						2,500
	Penn Christian Centre							500
	WCC Food Bank							426
	One Walsall						100
	Fred Stainethorpe						13
	Good things foundation						2,300
							3,413	24,926
	INCOME FROM CHARITABLE			ACTIVITIES
							2022	2021
							f	f
	Restricted Funds
	TNL Community Fund	—Hub development					27,432	27,075
	BBOCommunity Matters							2,536
	Black Country Futures						56,398	56,938
	CJRS —Job Retention Scheme						11,549	22,642
	Resonance —Social Enterprise			Support				23,000
	Covid vaccination						2,520
	Dimensions UK						1,360
	DWP Resource Mgt						12,125
	Heart of England						4,500
	CLC Oasis warm meal						2,190
	50+Project Sandwell						5,485
	BBOBridges						20,274
							162,007	132,190
	Other charitable income
	Education Iktraining						65,000	70,219
	Advice, guidance Ik help		into	work			7,535	12,410
	TNL Community Fund	- revenue			re capital grant
	WVSC Voluntary Skills Connect						42,243
	Other income						439	223
							115,217	82,852
4	INCOIVIE FROM OTHER TRADING				ACTIVITIES
	Centre lettings						5,866	7,224
	Cafe takings						4,026	3,627
							9,892	10,850
	Hire charges were made		for	use	ofthe Centre by various outside organisations	in 2021-22.
	INVESTMENT INCOME
	Interest receivable							15
	TOTAL INCOME						290,536	250,833
Note
6	EXPENDITURE						2022	2021
	Charitable Activities:						f	f
	Staff costs						171,362	144,791
	Establishment costs						33,231	22,870
	Direct cost ofactivities						32,972	32,369
	Depreciation						54,303	53,953
	independent Examiner's		Fee				2,000	500
							293,868	254,483
	Raai if ad:
	Staff costs							5,444
	Other direct costs							500
								5,944
	Tota IExpenditure						293,86&	260,427

Trustee Stewardship	Insur	ance off2,01	0.Q2	was paid	during the year {PYR	f1,197)
					2022		2021
STAFF COSTS					f		f
Wages and salaries					159,341	136,868
Redundancy Costs							615
Socia I security costs					7,095		5,788
Pension costs					4,840		4,407
Staff travel &subsistence					86
					171,362	147,679
The average monthly	number ofemployees			during
the year was:
There were no employees		whose annual	emoluments		were f60,000or more {2021:nil)
			Unrestricted		Designated
TANGIBLE FIXEDASSETS				Funds	Funds	Restricted	Funds	Total
At 1April 2021				9,172	593,213	698,270		1,300,655
Additions				1,40Q			0	1,400
Disposals				0			0	0
As at 31March 2022				10,572	593,213	698,270		1,302,055
Depreciation
At 1April 2021				4,586	147,785		76,743	229,114
Charge for the period				2,643	23,729		27,931	54,303
Disposals				0			0	0
As at 31March 2022				7,229	171,514	104,674		283,417
Net Book Value
As at 31March 2022				3,343	421,699	593,596		1,018,638
At 31st March 2021				4,586	445,428	621,527		1,071,541

9	DEBTORS
								At 31stMarch	At 31stMarch
								2022	2021
									f
	Trade Debtors							52,798	42,737
	Prepayments	and	accrued income
								52,798	42,737
10	CREDITORS: AMOUNTS			FALLING	DUE WITHIN ONE YEAR
								2022	2021
								f	f
	Trade Creditors							14,100	19,718
	Tax and social	security
	Accrued expenses		—Accountancy/independent			Examiner		2,000	500
								16,100	20,218
	CREDITORS: AMOUNTS			FALLING	DUE AFTER	ONE YEAR
11	ANALYSIS OF	NET	ASSETS BETWEEN FUNDS
				Unrestricted		Designated	Restricted	Total	Total
					Funds	Funds	Funds	Funds	Funds
					f	f	f	f	f
	Fixed Assets				3,343	421,699	593,596	1,018,638	1,071,541
	Net Current Assets			178,377			-905	177,472	127,901
	Long term Liabilities
				181,720		421,699	592,691	1,196,110	1,199,442