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||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|2|
|Independent<br>Examiner's|Report||||
|Statement ofFinancial|Activities||||
|Balance Sheet|||||
|Cash Flow Statement|||||
|Notes to the Cash Flow|Statement||||
|Notes to the Financial Statements||8|to|13|
|Detailed Statement ofFinancial Activities||14|to|15|





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||||||31.12.22|31.12.21|
|---|---|---|---|---|---|---|
||||||Unrestricted|Total|
||||||fund|funds|
|||||Notes|||
|INCOME|AND ENDOWMENTS||FROM||||
|Donations|and legacies||||124,000|241,940|
|Charitable|activities||||||
|Principal<br>activity|||||528408|108,663|
|Investment|income||||5,613||
|Other income|||||600|600|
|Total|||||658,521|351,203|
|EXPENDITURE||ON|||||
|Charitable|activities||||||
|Principal<br>activity|||||357,956|416,435|
|Other|||||16,234|30,037|
|Total|||||374,190|446,472|
|NET INCOME/(EXPENDITURE)|||||284431|(95,269)|
|RECONCILIATION OFFUNDS|||||||
|Total funds|brought|forward|||15/69|110,838|
|TOTAL FUNDS CARRIED FORWARD|||||299,900|15,569|





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|||Balance Sheet<br>31December 2022|||
|---|---|---|---|---|
||||31.12.22|31.12.21|
||||Unrestricted|Total|
||||fund|funds|
|||Notes|||
|FIXEDASSETS|||||
|Tangible<br>assets|||2,852|3,803|
|CURRENT ASSETS|||||
|Debtors||12|29,078|9,099|
|Cash at bank and in hand|||280,142|7,931|
||||309,220|17,030|
|CREDITORS|||||
|Amounts<br>falling due within|one year|13|(12,172)|(5,264)|
|NET CURRENT ASSETS|||297,048|11,766|
|TOTAL ASSETS LESSCURRENT|||||
|LIABILITIES|||299,900|15,569|
|NET ASSETS|||299,900|15,569|
|FUNDS||14|||
|Unrestricted<br>funds:|||||
|General<br>fund|||299,900|15,569|
|TOTAL FUNDS|||299,900|15,569|





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||||for the Year Ended 3|1 December 2022||
|---|---|---|---|---|---|
|||||31.12.22|31.12.21|
||||Notes|||
|Cash flows from operating|activities|||||
|Cash generated<br>from operations||||273,098|(6,222)|
|Interest paid||||(890)|(932)|
|Net cash provided<br>by/(used|in)|operating|activities|272,208|(7,154)|
|Cash flows from investing|activities|||||
|Interest received||||||
|Net cash provided<br>by investing||activities||||
|Change<br>in cash and cash equivalents|||in|||
|the reporting<br>period||||272/11|(7,154)|
|Cash and cash equivalents|at|the||||
|beginning<br>ofthe reporting|period|||7,931|15,085|
|Cash and cash equivalents|at|the end|of|||
|the reporting<br>period||||280,142|7,931|





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|OPERATING AC|TIVITI|ES|||||
|---|---|---|---|---|---|---|
||||||31.12.22|31.12.21|
|Net income/(expenditure)||for the reporting||period (as per the|||
|Statement ofFinancial Activities)|||||284431|(95,269)|
|Adjustments<br>for:|||||||
|Depreciation<br>charges|||||951|1,268|
|Interest received|||||(3)||
|Interest paid|||||890|932|
|(Increase)/decrease|in debtors||||(19,979)|93,759|
|Increase/(decrease)|in creditors||||6,908|(6,912)|
|Net cash provided|by/(used||in) operations||273,098|(6,222)|
|ANALYSIS OF CHANGES|||IN NET FUNDS||||



|ANALYSIS OF CHANGES IN NET FUND|S|||
|---|---|---|---|
||At 1.1.22|Cash flow|At 31.12.22|
|Net cash||||
|Cash at bank and in hand|7,931|272,211|280,142|
||7,931|272,211|2809142|
|Total|7,931|272/11|280,142|





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|||for the|for the|for the|Year Ended 31De|cember 2022|||
|---|---|---|---|---|---|---|---|---|
|2.|DONATIONS|AND LEGACIES|||||||
||||||||31.12.22|31,12,21|
||Job Change 2007 CIC||||||124,000|241,940|
|3.|INVESTMENT||INCOME||||||
||||||||31.12.22|31.12.21|
||Rents received||||||5,610||
||Deposit account||interest||||3||
||||||||5,613||
||INCOME FROM CHARITABLE ACTIVITIES||||||||
||||||||31.12.22|31,12.21|
|||||Activity|||||
||SSU Project|||Principal|activity||1,427|2,751|
||Wolverhampton||County||||||
||Council|||Principal|activity||267@52||
||Good Things Foundation|||Principal|activity||13,060|22,510|
||Adult Education||Centre|Principal|activity||44,000|12,000|
||Wolverhampton||Voluntary||||||
||Council|||Principal|activity||22,630|7,500|
||Skills Connect|||Principal|activity||67,403||
||Sandwell MBC|||Principal|activity||16,536||
||Walsall County|Council||Principal|activity||16,678||
||Dudley County|Council||Principal|activity||5,124||
||Kickstart Scheme|||Principal|activity||74,098|32,134|
||Fiscal Project|||Principal|activity|||9,513|
||Champions<br>project|||Principal|activity|||21,743|
||Walsal1 Virtual|School||Principal|activity|||512|
||||||||528408|108,663|
|5.|CHARITABLE||ACTIVITIES COSTS||||||
||||||||Support||
|||||||Direct|costs (see||
|||||||Costs|note 6)|Totals|
||Principal<br>activity|||||354,896|3,060|357,956|





|||||Notes to the Financial|Notes to the Financial|Notes to the Financial|Notes to the Financial|Statements|Statements|-|continued||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||for||the Year Ended 31December 2022|||||||||
|6.|SUPPORT COSTS||||||||||||||
|||||||||||||||Governance|
|||||||||||||||costs|
||Principal<br>activity|||||||||||||3,060|
|7.|NET INCOME/(EXPENDITURE)||||||||||||||
||Net income/(expenditure)||is|stated after charging/(crediting);|||||||||||
|||||||||||||31.12.22||31.12.21|
|||||||||||||||f.|
||Independent<br>examiners||fee|||||||||3,060||2,934|
||Depreciation - owned|assets||||||||||951||1,268|
|8.|TRUSTEES' REMUNERATION||||AND BENEFITS||||||||||
||There were no trustees'||remuneration|||or other benefits<br>for the||||year ended 31||December 2022 nor||for the<br>year|
||ended 31 December 2021.||||||||||||||
||Trustees'<br>expenses||||||||||||||
||There<br>were<br>no<br>trustees'|||expenses||paid|for the|year|ended|31 December||2022 nor|for the|year<br>ended|
||31 December 2021.||||||||||||||
|9.|STAFF COSTS||||||||||||||
|||||||||||||31.12.22||31.12.21|
||Wages and salaries|||||||||||93 028||56 113|
||The average monthly|number ofemployees|||||during the year was|||as|follows:||||
|||||||||||||31.12.22||31.12.21|
||Trustees|||||||||||5||5|
||No employees<br>received||emoluments|||in excess off60,000,|||||||||
|10.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES||||||||||||||
|||||||||||||||Unrestricted|
|||||||||||||||fund|
||INCOME AND ENDOWMENTS|||||FROM|||||||||
||Donations<br>and legacies|||||||||||||241,940|
||Charitable<br>activities||||||||||||||
||Principal<br>activity|||||||||||||108,663|
||Other income|||||||||||||600|
||Total|||||||||||||351,203|
||EXPENDITURE ON||||||||||||||






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|10.|COMPARATIVES F|OR THE|STATEMENT OF FINANCIAL|ACTIVITIE|S - continued||
|---|---|---|---|---|---|---|
|||||||Unrestricted|
|||||||fund|
||Charitable<br>activities||||||
||Principal<br>activity|||||416,435|
||Other|||||30,037|
||Total|||||446,472|
||NET INCOM E/(EXPENDITURE)|||||(95,269)|
||RECONCILIATION|OF FUNDS|||||
||Total funds brought<br>forward|||||110,838|
||TOTAL FUNDS CARRIED FORWARD|||||15,569|
|11.|TANGIBLE FIXEDASSETS||||||
|||||Fixtures|||
|||||and|Computer||
|||||fittings|equipment|Totals|
||COST||||||
||At 1 January 2022 and|31 December 2022||2,105|9,140|11,245|
||DEPRECIATION||||||
||At 1 January 2022|||1,513|5,929|7,442|
||Charge for year|||148|803|951|
||At 31 December 2022|||1,661|6,732|8,393|
||NET BOOK VALUE||||||
||At 31 December 2022|||444|2,408|2,852|
||At 31 December 2021|||592|3,211|3,803|
|12.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR||||||
||||||31.12.22|31.12.21|
||Trade debtors||||6,260|3,750|
||Amounts<br>owed by participating||interests||17,495||
||Other debtors|||||3,392|
||Prepayments<br>and accrued income||||5,323|1,957|
||||||29,078|9,099|





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||||||for the Year Ended 31 Decem|for the Year Ended 31 Decem|ber 202|2|||
|---|---|---|---|---|---|---|---|---|---|---|
|13.|CREDITORS: AMOUNTS||||FALLING DUE WITHIN ONE||YEAR||||
||||||||||31.12.22|31.12.21|
||Trade creditors||||||||9,072|2,564|
||Other creditors||||||||42|18|
||Accrued|expenses|||||||3,058|2,682|
||||||||||12,172|5,264|
|14.|MOVEMENT|||IN FUNDS|||||||
||||||||||Net||
||||||||||movement|At|
||||||||At|1.1.22|in funds|31.12.22|
|||||||||E|||
||Unrestricted||funds||||||||
||General|fund|||||15,569||284,331|299,900|
||TOTAL|FUNDS|||||15,569||284/31|299,900|
||Net movement|||in funds, included||in the above are as follows:|||||
||||||||Incoming||Resources|Movement|
||||||||resources||expended|in funds|
||Unrestricted||funds||||||||
||General|fund|||||658+21||(374,190)|284431|
||TOTAL|FUNDS|||||658,521||(374,190)|284/31|
||Comparatives|||for movement|in|funds|||||
||||||||||Net||
||||||||||movement|At|
||||||||At|1.1.21|in funds|31.12.21|
||Unrestricted|||funds|||||||
||General|fund|||||l 10,83$||(95,269)|l5,569|
||TOTAL|FUNDS|||||110,$38||(95,269)|15,569|





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|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General fund||351,203|(446,472)|(95,269)|
|TOTAL FUNDS||351203|(446,472)|(95,269)|



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|||Detailed Statement ofFi<br>for the Year Ended 31|nancial Activities<br>December 2022||
|---|---|---|---|---|
||||31.12.22|31.12.21|
||||Unrestricted|Total|
||||funds|funds|
|INCOME AND ENDOWMENTS|||||
|Donations<br>and legacies|||||
|Job Change 2007 CIC|||1249000|241,940|
|Investment<br>income|||||
|Rents received|||5,610||
|Deposit account interest|||3||
||||5,613||
|Charitable<br>activities|||||
|SSU Project|||1,427|2,751|
|Wolverhampton<br>County|Council||267452||
|Good Things Foundation|||13,060|22,510|
|Adult Education Centre|||44,000|12,000|
|Wolverhampton<br>Voluntary||Council|22,630|7,500|
|Skills Connect|||67,403||
|Sandwell MBC|||16,536||
|Walsall County Council|||16,678||
|Dudley County Council|||5,124||
|Kickstart Scheme|||74,098|32,134|
|Fiscal Project||||9,513|
|Champions<br>project||||21,743|
|Walsal1 Virtual School||||512|
||||528408|108,663|
|Other income|||||
|Management<br>charges|||600|600|
|Total incoming resources|||658,521|351,203|
|EXPENDITURE|||||
|Charitable<br>activities|||||
|Wages and salaries|||93,028|56,113|
|Training course costs|||33,890|126,247|
|Stafftravel||||5|
|Office and administration|||5,598|3,935|
|Sundries|||533|813|
|Computer<br>and internet||||1,765|
|Consultancy<br>and professional|||8,100|6,820|
|Client expenses|||64,116|121,753|
|Advertising<br>and promotional|||148,680|94,782|
|Depreciation oftangible|fixed assets||951|1,268|
||||354,896|413,501|





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|||Detailed Statement o<br>for the Year Ended|fFinancial Activities<br> 31December 2022||
|---|---|---|---|---|
||||31.12.22|31.12.21|
||||Unrestricted|Total|
||||funds|funds|
|Charitable<br>activities|||||
|Other|||||
|Premises expenditure|||15,344|29,105|
|Bank interest|||890|932|
||||16@34|30,037|
|Support costs|||||
|Governance|costs||||
|Independent|examiners|fee|3,060|2,934|
|Total resources|expended||374,190|446,472|
|Net income|||284/31|(95,269)|