| Page | ||
|---|---|---|
| Company Information |
||
| Report ofthe Directors | and Trustees | |
| Statement of Financial | Activities | |
| Notes to the Statement | ofFinancial Activities | |
| Balance Sheet | ||
| Notes to the Financial Statements | ||
| Independent Examiner's |
Report | 12 |
| DIRECTORS: | C R Crosdale | |
|---|---|---|
| D Mclntosh | ||
| D A Mclntosh | ||
| Dr D Kalra | ||
| L Bell | ||
| L T Mooruth | ||
| SECRETARY: | S Herian | |
| REGISTERED OFFICE: | Paycare House 1"Floor |
|
| George Street | ||
| Wolverhampton | ||
| WV2 4DX | ||
| REGISTERED NUMBER: | 03575079 (England | and Wales) |
| REGISTERED CHARITY | ||
| NUMBER: | 1077687 | |
| ACCOUNTANTS: | Seagrave French LLP | |
| 1 Poplars Court | ||
| Lenton Lane | ||
| Nottingham, NG72RR |
||
| BANKERS: | Lloyds Bank Plc | |
| 37Queen Square | ||
| Wolverhampton | ||
| WV1 1TL | ||
| SOLICITORS: | Wall James Chappell | |
| 15-23 Hagley Road | ||
| Stourbridge | ||
| DY8 1QW | ||
| Page 1 |
| FOR THE YEA | R END | ED 3 | 1STMARCH | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total | Total | |||||||||||
| Unrestricted | Restricted | Funds | Funds | |||||||||
| Funds | Funds | 2021 | 2020 | |||||||||
| Notes | f | 6 | 6 | |||||||||
| INCOME | FROM: | |||||||||||
| Donations | and other | income | 14,611 | 14,611 | 1,031 | |||||||
| Investment | income | 30 | 30 | 21 | ||||||||
| Charitable | activities: | |||||||||||
| Service level agreements | from: | |||||||||||
| Wolverhampton | Clinical Commissioning | Group | 109,423 | 109,423 | 106,451 | |||||||
| Dudley | Clinical | Commissioning | Group | 16,040 | 16,040 | 16,040 | ||||||
| Walsall | Healthcare NHS Trust |
49,609 | 49,609 | 49,608 | ||||||||
| Staffordshire | County Council —FSS/FIP/PP | 68 941 | 620 468 | 689409 | 676534 | |||||||
| TOTAL INCOME | 83582 | 795 540 | ~879 122 | 849 685 | ||||||||
| EXPENDITURE ON: | ||||||||||||
| Raising funds | 1 | 803 | 36,607 | 37,410 | 35,636 | |||||||
| Charitable | activities | 2 | 13796 | 746 136 | ~759932 | 745499 | ||||||
| TOTAL EXPENDITURE | 14599 | 782 743 | ~797 342 | 781 135 | ||||||||
| Net incoming / (expenditure) |
before gain or | 68,983 | 12,797 | 81,780 | 68,550 | |||||||
| loss on investments | ||||||||||||
| Unrealised | gain/(loss) | on investments | 5,548 | 5,548 | (1,515) | |||||||
| Balances | brought forward |
as | at | 1 April 2020 | 154132 | 178906 | 333038 | 266003 | ||||
| Balances | earned forward as | at | 31 March 2021 | 228663 | 191 703 | ~420 366 | 333038 |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Funds | Funds | |||
| Funds f |
Funds 5 |
2021 6 |
2020f | |||
| 1 | RAISING FUNDS | |||||
| Wages | 584 | 28,606 | 29,190 | 27,812 | ||
| Social Security | 48 | 2,365 | 2,413 | 2,299 | ||
| Pensions | 66 | 3,218 | 3,284 | 2,967 | ||
| Repairs & maintenance | 22 | 427 | 449 | 410 | ||
| Telephone | 11 | 553 | 564 | 436 | ||
| Sundry expenses | 13 | 245 | 258 | 97 | ||
| Postage, printing |
& stationery | 17 | 315 | 332 | 282 | |
| Rent &service charge | 22 | 419 | 441 | 411 | ||
| Insurance | 3 | 134 | 137 | 132 | ||
| Depreciation -office equipment |
11 | 219 | 230 | 230 | ||
| Bank charges | 6 | 106 | 112 | 560 | ||
| 803 | 36607 | 37410 | 35 636 | |||
| 2 | CHARITABLE ACTIVITIES | |||||
| Wages | 5,546 | 549,060 | 554,606 | 528,420 | ||
| Social Security | 917 | 44,929 | 45,846 | 43,684 | ||
| Pensions | 1,248 | 61,142 | 62,390 | 56,365 | ||
| Staff training | 270 | 270 | 1,771 | |||
| Travelling | 325 | 6,168 | 6,493 | 31,583 | ||
| Repairs & maintenance |
427 | 8,112 | 8,539 | 7,786 | ||
| Social hardship | donation | 1,195 | 1,195 | 933 | ||
| Consultancy service development |
35,400 | 35,400 | 37,105 | |||
| Subscriptions | 2,663 | 2,663 | 2,135 | |||
| Telephone | 214 | 10,503 | 10,717 | 8,275 | ||
| Sundry expenses | 246 | 4,665 | 4,911 | 1,851 | ||
| Postage, printing |
& stationery | 315 | 5,989 | 6,304 | 5,358 | |
| Rent &service charge | 168 | 8,211 | 8,379 | 7,809 | ||
| Insurance | 52 | 2,560 | 2,612 | 2,502 | ||
| Depreciation —office equipment |
218 | 4,144 | 4,362 | 4,371 | ||
| Supportcosts: | ||||||
| Board expenses | 95 | 1,802 | 1,897 | |||
| Accountancy | 108 | 2,052 | 2,160 | 2,160 | ||
| Professional fees |
59 | 1 129 | 1 188 | 3391 | ||
| 13796 | 746 136 | 7~59932 | 745499 |
| BALANCE SHEET | ||||||
|---|---|---|---|---|---|---|
| 31STMARCH 2021 | ||||||
| 2021 | 2020 | |||||
| Notes | ||||||
| FIXEDASSETS: | ||||||
| Tangible assets | 5,448 | 10,040 | ||||
| CURRENT ASSETS: | ||||||
| Debtors | 995 | 200,223 | ||||
| Investments | 53,772 | 48,224 | ||||
| Cash at bank and | in hand | 508,311 | 151,711 | |||
| 563,078 | 400,158 | |||||
| CREDITORS: Amounts | falling | |||||
| due within one year | 63,160 | 2,160 | ||||
| NET CURRENT ASSETS: | 499,918 | 397,998 | ||||
| TOTAL ASSETS | LESS | CURRENT | ||||
| LIABILITIES: | 505,366 | 408,038 | ||||
| CREDITORS: Amounts | falling due | |||||
| affer more than one year | 85,000 | 75,000 | ||||
| NET ASSETS | 420,366 | 333,038 | ||||
| RESERVES: | ||||||
| Unrestricted Funds: |
||||||
| General Funds |
185,663 | 154,132 | ||||
| Designated Funds |
4~3000 | |||||
| 228,663 | 154,132 | |||||
| Restdicted Funds |
191,703 | 178,906 | ||||
| 420,366 | 333,038 |
| STAFF COSTS | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| 6 | F | |||||||
| Wages and salaries | 583,796 | 556,232 | ||||||
| Social security costs | 48,259 | 45,983 | ||||||
| Other pension costs | 65,674 | 59,332 | ||||||
| 697,729 | 661,547 | |||||||
| The average monthly |
number | ofemployees | during the | year was | as follows: | |||
| 2021 | 2020 | |||||||
| Charitable Workers |
25 | 23 | ||||||
| There are no employees | who received total | emoluments | ofmore | than | 660,000. | |||
| OPERATING PROFIT/(LOSS) | ||||||||
| The operating profit/(loss) |
is stated after charging: | |||||||
| 2021 | 2020 | |||||||
| 6 | 6 | |||||||
| Depreciation - owned |
assets | 4,592 | 4,601 | |||||
| Directors' emoluments | and other benefits etc | |||||||
| TANGIBLE FIXEDASSETS | ||||||||
| Fixtures | ||||||||
| Plant ~hi |
and | and ~ftti |
7 t I |
|||||
| COST: | ||||||||
| At 1st April 2020 | 23,824 | 13,391 | 37,215 | |||||
| Additions | ||||||||
| Disposals | ||||||||
| At 31st March 2021 | 23,824 | 13,391 | 37,215 | |||||
| DEPRECIATION: | ||||||||
| At 1st April 2020 | 15,208 | 11,967 | 27,175 | |||||
| Charge for year | 4,308 | 284 | 4,592 | |||||
| Eliminated on disposals |
||||||||
| At 31st March 2021 | 19,516 | 12,251 | 31,767 | |||||
| NET BOOK VALUE: | ||||||||
| At 31st March 2021 | 4,308 | 1,140 | 5,448 | |||||
| At 31st March 2020 | 8,616 | 1,424 | 10,040 |
| DEBTORS: AMOUNTS FALLING |
DEBTORS: AMOUNTS FALLING |
|||
|---|---|---|---|---|
| DUE WITHIN ONE YEAR | ||||
| 2021 | 2020 | |||
| f | ||||
| Prepayments and accrued |
income | 995 | 200,223 | |
| 6. | CURRENT ASSET INVESTMENTS | |||
| 2021 | 2020 | |||
| 6 | 6 | |||
| Architas MA Passive Moderate SAcc |
~53772 | 48224 | ||
| 53,772 | 48,224 | |||
| 7. | CREDITORS'.AMOUNTS | FALLING | ||
| DUE WITHIN ONE YEAR | ||||
| 2021 | 2020 | |||
| 6 | F | |||
| Social security and other tax | ||||
| Accruals and deferred income |
~63160 | 2 160 | ||
| 63,160 | 2,160 | |||
| 8. | CREDITORS: AMOUNTS | FALLING | ||
| DUE AFTER MORE THAN | ONE YEAR | |||
| 2021 | 2020 | |||
| Provision for defined pension scheme deficit (see note 9) |
85,000 | 75,000 |
| PENSION SCHEME | |||
|---|---|---|---|
| 2021 | 2020 | ||
| 8 | 5 | ||
| Value ofscheme assets | and liabilities | ||
| Market value ofassets | 740,000 | 598,000 | |
| Present value ofscheme | liabilities | (1,400,000) | ~945,000) |
| Pension scheme deficit | ~660,000 | ~347,000 |
| Minimum | le | ase payments under non-cancellable operating |
leases fall due | as follows: | |
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| f | f | ||||
| Within one | year | 205 | |||
| Between | one and five years | ||||
| ANALYSIS | OF NET ASSETS BETWEEN FUNDS | ||||
| Net | Total | ||||
| Fixed | Current | Net | |||
| Assetsf | Assets 5 |
Assets 5 |
|||
| Unrestricted | Funds: | ||||
| General | Funds | 185,663 | 185,663 | ||
| Designated | Funds | 43000 | 43000 | ||
| 228,663 | 228,663 | ||||
| Restricted | Funds | 5,448 | 186,255 | 191,703 | |
| 5,448 | 414,918 | 420,366 |