||||Page||
|---|---|---|---|---|
|Rcport ofthc Trustees||1|to|2|
|Independent
Examiner's|Report||||
|Statcmcnt ofFinancial|Activities||||
|Balance Shcct||5|to|6|
|Notes to thc Financial Statcmcnts||7|to|12|
|Dctailcd Statement ofFinancial Activities|||||
##
##
##
##
##
##
##
##
##
##
|||for th|c Year Ended 31 Dcecmb|cr 2020||
|---|---|---|---|---|---|
|||||31.12.20|31.12.19|
|||||Unrcstrictcd|Total|
|||||fund|funds|
||||Notes|||
|INCOME AND ENDOWMENTS||FROM||||
|Donations
and legacies||||68,000|112,550|
|Charitable
activities||||||
|Principal
activity||||331,431|198,085|
|Other incornc||||1%530|1,500|
|Total||||400,961|312,135|
|EXPENDITURE ON||||||
|Charitable
activities||||||
|Principal activity||||390/97|258,312|
|Other||||25,587|17,028|
|Total||||415,884|275,340|
|NET INCOME/(EXPENDITURE)||||(14,923)|36,795|
|RECONCILIATION|OF FUNDS|||||
|Total funds brought|forward|||125,761|88,966|
|TOTAL FUNDS CARRIED FORWARD||||110,838|125,761|
|||Balance Sheet
31Dcccmbcr 2020|||
|---|---|---|---|---|
||||31.12.20|31.12.19|
||||Unrcstrictcd|Total|
||||fund|funds|
|||Notes|||
|FIXED|ASSETS||||
|Tangible|assets||5,071|6,762|
|CURRENT ASSETS|||||
|Debtors|||102,858|115,252|
|Cash at bank and in hand|||15,085|10,921|
||||117,943|126,173|
|CREDITORS|||||
|Amounts|falling duc within one year||(12,176)|(7,174)|
|NET CURRENT ASSETS|||105,767|118,999|
|TOTAL|ASSETSLESSCURRENT||||
|LIABILITIES|||110,838|125,761|
|NET ASSETS|||110,838|125,761|
|FUNDS|||||
|Unrestricted
funds:|||||
|General|fund||IIoi838|125,761|
|TOTAL|FUNDS||]109838|125,761|
##
##
##
##
##
##
##
##
##
##
##
|||||31.12.20|31.12.19|
|---|---|---|---|---|---|
|Independent|examiners|fce||2,556|3,660|
|Depreciation|- owned|assets||1,691|2,254|
|TRUSTEES' REMUNERATION|||AND BENEFITS|||
##
##
||The average monthly
number ofem|ployees
during the year was as follows:|||
|---|---|---|---|---|
||||31.12.20|31.12.19|
||Trustccs||5|5|
||No employees
received emoluments|in excess off60,000.|||
|5.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES||||
|||||Unrcstrictcd|
|||||fund|
||INCOME AND ENDOWMENTS|FROM|||
||Donations
and legacies|||112,550|
||Charitable
activities||||
||Principal
activity|||19$,0$5|
||Other income|||1,500|
||Total|||312,135|
||EXPENDITURE ON||||
||Charitable
activities||||
||Principal
activity|||258,312|
||Other|||17,028|
||Total|||275,340|
||NET INCOME|||36,795|
##
|5.|COMPARA|TIVES F|OR THE|STATEMENT OFFINANCIAL|ACTIVITIE|S - continued||
|---|---|---|---|---|---|---|---|
||||||||Unrestricted|
||||||||fund|
||RECONCILIATION||OF FUNDS|||||
||Total funds|brought|forward||||88,966|
||TOTAL FUNDS CARRIED FORWARD||||||]25,761|
|6.|TANGIBLE|FIXEDASSETS||||||
||||||Fixtures|||
||||||and|Coinputer||
||||||fittings|equipment|Totals|
||COST|||||||
||At 1 January|2020 and|31 December 2020||2,105|9,140|II/45|
||DEPRECIATION|||||||
||At ] January|2020|||1,053|3,430|4,483|
||Charge for year||||263|],428|1,69]|
||At 31 December 2020||||IPI6|4,858|6,174|
||NET BOOK|VALUE||||||
||At 31December 2020||||789|4/82|5,071|
||At 31 December 2019||||1,052|5,710|6,762|
|7.|DEBTORS:|AMOUNTS FALLING DUE WITHIN ONE YEAR||||||
|||||||31.12.20|3],]2.]9|
||Trade debtors||||||6,643|
||Amounts
owed by participating|||interests||98,713|107,359|
||Other debtors|||||2/81||
||Prepayments|and accrued income||||1%764|1,250|
|||||||102,858|1]5,252|
##
|8.|CREDI|TOR|S|: AMOUNTS||FA|LLING DUE|WITHIN ONE YEAR|||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||31.12.20|31.12.19|
||Trade creditors||||||||7,064|3,8]5|
||Accrued|expenses|||||||5,112|3,359|
||||||||||12,176|7,174|
|9.|MOVEMENT|||IN FUNDS|||||||
||||||||||Net||
||||||||||movcrncnt|At|
|||||||||At 1.1.20|in funds|3].12.20|
||Unrestricted||funds||||||||
||General|fund||||||125,761|(14,923)|110,838|
||TOTAL|FUNDS||||||125,761|(14,923)|110,838|
||Net movement|||in funds, included|||in the above|are as follows:|||
|||||||||Incoming|Resources|Movement|
|||||||||resources|expended|in funds|
||Unrestricted||funds||||||||
||General|fund||||||400,961|(415,884)|(14,923)|
||TOTAL|FUNDS||||||400i961|(415i884)|(14,923)|
||Comparativcs|||for movcmcnt||in|funds||||
||||||||||Net||
||||||||||movement|At|
|||||||||At 1.1.19|in funds|31.12.19|
||Unrestricted||funds||||||||
||General|fund||||||88,966|36,795|125,761|
||TOTAL|FUNDS||||||88,966|36,795|125,761|
||Comparative||net movement||in|funds, included||in the above are as follows:|||
|||||||||Incoming|Resources|Movement|
|||||||||resources|expended|in funds|
||Unrcstrictcd||funds||||||||
||General|fund||||||312,135|(275,340)|36,795|
||TOTAL|FUNDS||||||312,135|(275,340)|36,795|
##
##
##
|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1.1.19|in funds|31.12.20|
|Unrestricted||funds||||
|General|fund||88,966|21,872|110,838|
|TOTAL|FUNDS||88,966|21,872|110,838|
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||rcsourccs|expended|in funds|
|Unrestricted||funds||||
|General|fund||713,096|(691,224)|21,872|
|TOTAL|FUNDS||713,096|(691,224)|21,872|
##
##
##
##
|||Job Change|||
|---|---|---|---|---|
|||Dctailcd Statement ofFinancial Activities|||
|||for thc Year Ended 31 December 2020|||
||||31.12.20|31.12.19|
||||Unrestricted|Total|
||||funds|funds|
|INCOME AND ENDOWMENTS|||||
|Donations
and Icgacics|||||
|Job Change 2007 CIC|||68,000|112,550|
|Charitable
activities|||||
|Wolverhampton
City Council|||311,431|198,085|
|Government
grants|||20,000||
||||331,431|198,085|
|Other income|||||
|Management
charges|||1,530|1,500|
|Total incoming
rcsourccs|||400,961|312,135|
|EXPENDITURE|||||
|Charitable
activities|||||
|Wages and salaries|||71,561||
|Training course costs|||113,534|66,763|
|Stafftravel|||549||
|Office and administration|||2,289|8,494|
|Bad debts|||6,550||
|Sundries|||646|691|
|Computer
and intcrnct|||2,158|13,282|
|Consultancy
and professional||||2,264|
|Client expenses|||141,155|136,040|
|Advertising
and promotional|||47,608|24,864|
|Depreciation oftangible|fixed assets||1,691|2,254|
||||387,741|254,652|
|Other|||||
|Premises expcnditurc|||24,638|16,256|
|Bank intcrcst|||949|772|
||||25,587|17,028|
|Support costs|||||
|Governance
costs|||||
|Indcpcndent
examiners|fee||2,556|3,660|
|Total resources expcndcd|||415,884|275,340|
|Net income|||(14,923)|36,795|