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2022-02-28-accounts

PAGE
COMPANY
INFORMATION
TRUSTEES' ANNUAL
REPORT		 4-12
INDEPENDENT
EXAMINER'S REPORT		 13
STATEMENT OF FINANCIAL ACTIVITIES 14
BALANCE SHEET 15
CASHFLOW
NOTES TO THE FINANCIAL STATEMENTS 17-23
DETAILED INCOME AND EXPENDITURE SUMMARY 24
NOTES TO THE STATEMENT OF CASH FLOWS 25

INCORPORATING
AN INC		 OM E &E XPENDITURE ACCOUNT
2022 2021
Unrestricted Restricted Unrestricted Restricted
funds funds Totals funds funds Totals
Note E f f E E E
INCOME FROM
Donations
and legacies
Fundraising
and donations		 4,024 6,517 10,540 2,167 11,392 13,559
Other activities
Office rental 63,384 63,384 51,598 51,598
Room hire income 27,810 35 27,845 4,141 4,141
Professional
services		 21,515 21,515 734 734
Investments
Bank interest
Charitable
activities
Grants receivable 15,305 4,975 20,280 39,514 152,759 192,273
Arts and winter market 1,391 1,391 50 50
Exchange membership 26,570 - 26,570 23,026 — 23,026
TOTAL INCOME 159,999 11,527 171,526 121,180 164,201 285,381
EXPENDITURE ON
Raising funds
Office rental 3a 29,884 29,884 22,211 22,211
Room hire 3b 15,591 15,591 12,126 12,126
Professional
services		 3c 801 801 795 795
Charitable
activities
Charitable
activities		 3d 166,295 43,094 209,389 33,711 162,249 195,960
Governance
costs		 3e 10,283 10,283 9,426 — 9,426
TOTAL EXPENDITURE 222,853 43,094 265,947 78,269 162,249 240,518
Net income/(expenditure) and
net movement
in funds for		 the year (62,854) (31,568) (94,422) 42,911 1,952 44,863
TRANSFER BETWEEN FUNDS
RECONCILIATION
OF FUNDS
Total funds brought forward
as at 1March 2021 218,598 802,606 1,021,204 175,687 800,654 976,341
Total funds carried forward
asat 28 February 2022 155,744 771,038 926,782 218,598 802,606 1,021,204

Dr, Steve Harding,
Chairman
DATE: 20th February 2023

Notes 2022 2021
f E
Cash flows from operating
activities:
Net cash provided
by/ (used in) operating		 activities 15 (80,953) 84,686
Cash flows from Investing activities:
Dividends,
interest and rents from investments
Proceeds from the sale ofproperty,
plant		 and equipment
Purchase ofproperty,
plant and equipment		 (29,395)
Proceeds from sale ofinvestments
Purchase of investments
Net cash provided
by/ (used in) investing		 activities (29,395)
Cash flows from financin activities:
Repayments
of borrowing
Cash inflows from new borrowing
Receipt ofendowment
Net cash provided
by (used in) investing		 activities
Change
in cash and cash equivalents		 In the reporting period (80,953) 55,291
Cash and cash equivalents
at the beginning ofthe
reporting
period		 15 164,603 109,312
Cash and cash equivalents
at the end		 ofthe reporting
period 15 83,650 164,603

2022 2021
E E
Total resources expended include the following:-
Amounts
due to the Independent		 Examiner 1,512 1,440
Depreciation 23,595 21,640

3.
ANALYSIS OF		 TOTAL RES OURCES EX PENDED
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Costs directly allocated to activities
Staff Costs Direct 28,333 28,333 26,165
Building/Premises Costs Direct 5,623 5,623 13,061
Communications Direct 1,557 1,557 15,749
Office Supplies &Consumables Direct 328 328 355
Professional
&Consultancy		 fees Direct 1,190 1,190 2,725
Event Costs Direct 4,987 4,987 3,051
Equipment
&Repairs		 789 789 1,928
Accountancy fees 1,614 1,614 1,440
General Supplies Direct 215 215 790
Grants Awarded Direct 2332 2 332 6,030
Support costs allocated to activities
Support Staff Costs Staff time 9,229 4,036 767 103,219 11,440 8,073 136,764 104,922
Building/Premises Costs Floor Area 16,915 9,403 13,319 7,133 46,770 33,269
Communications Staff time 454 189 15 1,490 613 265 3,027 3,621
Office Supplies &Consumables Staff time 520 217 17 1,708 702 303 3,467 2,452
Insurance Floor Area 922 513 726 389 2,551 3,154
Sank charges Staff time 46 19 150 62 27 305 145
Professional
&Consultancy		 fees Staff time
Equipment Staff time 22
Depreciation Floor Area 893 497 21,828 377 23,595 21,640
Bad Debts Floor Area 503 712 381 2,500
29,884 15,591 801 188,292 21,097 10,282 265,946 240,518
b c d d e

S.
STAFF COSTS		 2022 2021
E E
Wages and salaries 154,295 124,261
Social security costs 5,465 2,677
Pension costs 4,391 3,655
Other staff expenses 219 495
Freelance staff costs 730
166,100 181,088
2022 2021
Charitable Activities 13 10
Co - ordination 1 1
14 11

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Cost:
At 1March 2021 202,768 954,527 45,894 18,832 1,222,021
Additions
At 28 February 2022 202,768 954,527 45,894 18,832 1,222,021
Depreciation:
At 1March 2021 300,497 37,742 18,832 357,071
Transfer between categories
Charge for the period 20,659 2,936 0 23,595
At 28 February 2022 0 321,156 40,678 18,832 380,666
Net BookValues:
At 28 February 2022 202,768 633,371 5,216 841,355
At 28 February 2021 202,768 654,030 8,152 864,950
Depreciation
rates: (all straight		 line) 0% 2% 30% 20%
8.
CREDITORS - AMOUNTS		 FALLING DUE WITHIN ONE YEAR
2022 2021
f f
Trade creditors 6,655 1,911
Tax and social security costs 2,693 1,589
Other creditors 3,198 1,197
Accruals 9,066 7,656
Deferred income (arising during the year) 4,641 3,166
26,254 15,519
Page 21of25

9.
RESTRICTED FUNDS		 9.
RESTRICTED FUNDS		 Transfer
Balance between Incoming Expended Balance
2021 funds resources resources 2022
f f f f
Property purchase 426,536 7,691 418,844
Property refurbishment:
- MKCT, ground floor Improvements and Lift 131,698 3,466 128,232
-GOWM, ERDF-ground floor improvements 70,082 1,844 68,238
-Tudor Trust, ground floor and Uft 76,000 2,000 74,000
-Lift installation 4,560 120 4,440
-Capacity Builders DB/09, first floor improvements 19,315 508 18,807
-Capacity Builders 09/10, first floor improvements 22,753 599 22,154
Post Office Enterprise project
Utte*usters 231 400 552 79
Plastic Free Moseley and Kings Heath 649 2,000 2,649
5106 - Promotional
and Marketing		 Campaign 815 815
5106-Public Realm improvement (Farmers' Market) 3,102 3,102
Community
Safety Initiative
(MAGC MNOW)		 2,606 3,000 5,606 0
MAGC grants 8,243 3,000 6,152 4,255 7,139
Local Innovation
Fund - Moseley g		 KH Placemakers
Al Khalr MAGC grant pot
Transformation
and Growth		 2 113 2,113
BCCPioneer Places 922 922
Moseley Together
NLCF 24,934 5,855 19,079
NNS 2,107 2,107
Power to Change 4,567 2,092 2,475
Heart ofEngland 315 315
WMCA 193 55 139
Xmas Lights Fund 865 2,975 2,994 847
802,606 - 11,527 43,094 771,038

10. UNRESTRICTED FUNDS General fund
f
At1March 2021 218,598
Transfer between
funds
Net incoming resources (62,854)
At28 February 2022 155,744

Other
Fixed Bank5 current Current Total net
assets cash assets liabilities assets
E f E f E
Restricted funds 753,794 17,244 771,038
Unrestricted funds 87,560 66,407 28,031 (26,254) 155,744
841,355 83,651 28,031 (26,254) 926,782

2022 2021
f f
INCOME
Rental income &room hire 92,620 55,739
Fundraising
Donations 10,540 13,559
Bank interest receivable
Grants receivable 20,280 192,273
Professional
services		 21,515 784
Exchange membership 26,571 23,026
171,526 285,381
EXPENDITURE
Salaries &freelance costs 155,025 124,261
Social security costs 5,465 2,677
Pension costs 4,391 3,655
Repairs and maintenance 24,158 22,398
Heat &light 17,911 19,604
Rent, rates &insurance 11,091 6,246
Travel &accommodation (76)
Printing,
postage &consumables		 2,678 4,208
Equipment
expensed		 1,528 2 171
Professional
&consultancy		 charges 1,190 2,725
Telephone
&internet		 3,523 4,227
Training &recruitment costs 219 570
Bank &credit card charges 306 145
Audit &accountancy 1,614 1,440
Sundry expenditure 1,261 3,669
Security 773 180
AGM &annual
report		 costs
Community
events		 3,726 1,696
Grants awarded 2,332 6,030
Depreciation 23,595 21,640
Room hire supplies 215 75
Exchange refreshments 388 102
Websites &publicity 2,060 12,874
Bad Debts 2,500
265,948 240,518
Net surplus/(deficit) for the period (94,422) 44,863

16.
Notes to the statement		 ofcash flows
2022 2021
f f
Reconciliation ofnet movement in funds to net cash flow from operating activities:
Net movement
in funds for the		 reporting period (as per the statement (94,422) 44,863
offinancial activities)
Adjustments
for:
Depreciation
charges		 23,595 21,640
Dividends,
interest and rents from investments
Loss/(profit)
on the sale offixed		 assets
(Increase)/decrease
in debtors		 (20,861) 12,051
(Increase)/decrease
in creditors		 10,735 6,132
Net cash provided
by (used in)		 operating activities (80,953) 84,686
Analysis ofcash and cash equivalents: 2022
f		 2021
f
Cash in hand 83,651 164,603
Notice deposits (less than 30days)
Overdraft
facility payable on demand
Total cash and cash equivalents 83,651 164,603