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||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|
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|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|
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||||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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||||||C0||E|||CL~
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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|