| CONTENTS | CONTENTS | PAGE | |||
|---|---|---|---|---|---|
| Report ofthe | directors/trustees | ofthe charity | 1-10 | ||
| Independent | Examiner's | Report | 11-13 | ||
| Statement of Financial expenditure account) |
Activities | (incorporating | the Income and | 14 | |
| Balance sheet | 15-16 | ||||
| Notes to the | financial statements | ||||
| 17-26 |
| Reference | and Administrative | and Administrative | and Administrative | Details | ||||
|---|---|---|---|---|---|---|---|---|
| Registered | charity name | : | Smethwick | Youth Bt Community | Centre Limited | |||
| Charity registration | number | : | 1090529 | |||||
| Company | registration | number | :04201736 | |||||
| Registered | office and | |||||||
| Operational | address | :Trinity Point | ||||||
| 1 Trinity Street | ||||||||
| Smethwick | ||||||||
| West Midlands | ||||||||
| B67 7AA | ||||||||
| The Directors ofthe | Charity |
| he Company during the year were as follo |
ws: |
|---|---|
| Humraaj Singh Shergill (Chairperson) |
|
| Jatinder Singh Basi (Director) | |
| Balbir Singh Bhajam (Director) | |
| Parbinder Kaur (Director) |
|
| Gurpa( Singh (Director) | |
| Kuldeep Singh Deol (Director) |
|
| Pervinder Kaur (Director) |
|
| Harjinder Singh Malhi (Director) |
|
| Hardev Singh Mund (Director) (Resigned |
on |
| 17/04/23) |
| Secretary | :Harjinder Singh |
:Harjinder Singh |
Malhi |
|---|---|---|---|
| Other co-opted members | : Chuhar | Singh Dhariwal | |
| Auditors | DAS, Chartered | Accountants | |
| 6'"Floor | AMP House | ||
| Dingwall | Road | ||
| Croydon | |||
| CRO 2LX | |||
| Bankers | Sarclays | Sank Plc | |
| Leicester | |||
| LEB72BB |
| Year | Ended | 31 iviarch 2 | 023 | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| Fund | Fund | Fund | Fund | |||||
| 31st March | 31stMarch | 31st March | 31stMarch | |||||
| 2023 | 2023 | 2023 | 2022 | |||||
| Note | E | f | f | f | ||||
| INCOMING RESOURCES |
||||||||
| Incoming resources from generated |
||||||||
| funds: | ||||||||
| Vo(untame income |
102,704 | 131,347 | 234,051 | 259,553 | ||||
| Activities for generating | funds | 138,619 | 138,619 | 136,885 | ||||
| TOTAL | INCOMING RESOURCES |
241,323 | 131,347 | 372,670 | 396,438 | |||
| RESOURCES EXPENDED | ||||||||
| Charitable Activities and Governance |
Cost | 4 | (276,032) | (170,460) | (446,492) | (483,349) | ||
| TOTAL | RESOURCES EXPENDED | 276032 | 170460 | 446492 | 483349) | |||
| NET RESOURCES EXPENDED | 34709 | 39113 | 3.822 | 86911 | ||||
| TOTAL | FUNDS BROUGHT FORWARD | |||||||
| AT 15TAPRIL 2022 | (133,812) | 529,391 | 395,579 | 482,490 | ||||
| Prior Year Adjustments | ||||||||
| TOTAL | FUNDS AT 31STMARCH 2023 | 168521 | 490278 | 321757 | 395579 | |||
| RECONCILIATION OF FUNDS |
||||||||
| Unrestricted | Restricted | Total | Total | |||||
| Fund | Fund | Fund | Fund | |||||
| 31st March | 31st March | 31st March | 31stMarch | |||||
| 2023f | 2023 E |
2023 f. |
2022 f |
|||||
| Total Funds Brought Forward | (133,812) | 529,391 | 395,579 | 482,490 | ||||
| Less: | Prior Year Adjustments | |||||||
| Total net activity for the year | (34,709) | (39,113) | (73,822) | (86,911) | ||||
| Total Funds Carried forward | 168521 | 490278 | 321757 | 395579 |
| Year Ended | 31 lvlarch 20 | 23 | ||||
|---|---|---|---|---|---|---|
| Note | 2023 | 2022 | ||||
| E | E | |||||
| FIXEDASSETS | ||||||
| Tangible Assets | 34,810 | 102,794 | ||||
| CURRENT ASSETS | ||||||
| Debtors fk Prepayments | 70,111 | 15,949 | ||||
| Cash at Bank | Br In Hand | 218,272 | 279,943 | |||
| 288,383 | 295,892 | |||||
| CREDITORS: | Amounts | due within one year | (1,436) | (3,107) | ||
| NET CURRENT ASSETS | 286,947 | 292,785 | ||||
| CREDITORS: | Amounts | falling due after more | ||||
| than one year | ||||||
| NET ASSETS | 321,757 | 395,579 | ||||
| FUNDED BY | ||||||
| Accumulated | Unrestricted | Income funds | 11 | (168,521) | (133,812) | |
| Accumulated | Restricted | Income funds | 10 | 490,278 | 529,391 | |
| TOTAL | 321,757 | 395,579 |
| Office Equipment | 20% on Reducing | balance method. |
|---|---|---|
| Fixtures &Fittings | 20%on Reducing | balance method. |
| Leasehold Property |
5%on cost | |
| Improvements to |
||
| property | 5%on cost |
| 2 | VOLUNTARY | INCOME | INCOME | Unrestncted | Restricted | Total | Total | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Fund | Fund | Fund | Fund | ||||||
| 31st March | 31st March | 31st March | 31st March | ||||||
| 2023 | 2023 | 2023 | 2022 | ||||||
| E | E | E | |||||||
| Donations | |||||||||
| Miscellaneous | |||||||||
| GNG Nursery | Fees | 138,619 | 138,619 | 136,885 | |||||
| Grants receivable | |||||||||
| BMET | |||||||||
| Youth Interfaith | Club | ||||||||
| DWP | |||||||||
| HPCL Employments | |||||||||
| Welfare | |||||||||
| Worker Education | |||||||||
| Consortium | 88,279 | 88,279 | 84,533 | ||||||
| RSA Insurance | |||||||||
| Steps | |||||||||
| NEF | |||||||||
| ELT | 31,192 | 31,192 | 16,263 | ||||||
| Child care invest | me | 390 | 390 | 1,490 | |||||
| Booking | 100 | ||||||||
| EYPP | |||||||||
| STP | |||||||||
| Core Cost | |||||||||
| UK Online | |||||||||
| Good Things | Foundation | 6,900 | 6,900 | 2,300 | |||||
| Prior period adjustement | —NEF/ELT | 0 | 0 | ||||||
| HMRC JRSGrant | 0 | 17,162 | |||||||
| Covid Grant | 0 | 16,000 | |||||||
| SYCC HAF 2023 | Easter Grant | 2,172 | 2,172 | 15,263 | |||||
| EYSFF | 92,865 | 92,865 | 96,442 | ||||||
| Miscellaneous | income | 12253 | 53 | 10000 | |||||
| 241,323 | 131,347 | 372,670 | 396,438 | ||||||
| INCOME OF CHARITABLE ACTIVITIES BYFUND TYPE | |||||||||
| Unrestricted | Restricted | Total | Total | ||||||
| Fund | Fund | Fund | Fund | ||||||
| 31st March | 31st March | 31st March | 31st March | ||||||
| 2023 | 2023 | 2023 | 2022 | ||||||
| E | E | E | 6 | ||||||
| Donations/Collections | 136,885 | ||||||||
| GNG Nursery | Fees | 138,619 | 138,619 | ||||||
| Employment | |||||||||
| Adult Education | |||||||||
| Child Education | 31,192 | 31,192 | 16,263 | ||||||
| Child care invest | me | 390 | 390 | 1,490 | |||||
| Youth | |||||||||
| Health | |||||||||
| Consortium | 88,279 | 88,279 | 84,533 | ||||||
| Booking | 100 | ||||||||
| Pnor period adjustement | - NEF/ELT |
| HMRC JRS Grant | 17,162 | |||
|---|---|---|---|---|
| Good Things Foundation | 6,900 | 6,900 | 2,300 | |
| CQVID GRANT | 16,000 | |||
| SYCC HAF 2023 Easter Grant | 2,172 | 2,172 | 15,263 | |
| EYSFF | 92,865 | 92,865 | 96,442 | |
| Miscellaneous income |
12,253 | 12,253 | 10,000 | |
| 241,323 | 131,347 | 372.670 | 396.438 |
| GOVERNAN | CE 84 CHAR |
ITABLE COST | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| Funds | Funds | 31st March | 31st March | ||||
| 2023 | 2023 | 2023 | 2022 | ||||
| f | f | f | |||||
| Wages &.Salaries | 185,797 | 79,627 | 265,424 | 287,797 | |||
| Staff pension | costs | 2,855 | 1,224 | 4,079 | 4,439 | ||
| Staff training | 304 | 150 | 454 | 1,215 | |||
| Rent &Rates | 58 | 3,294 | 3,352 | 2,305 | |||
| Insurances | 3,647 | 3,647 | 4,462 | ||||
| Light &Heat | 7,574 | 7,574 | 8,036 | ||||
| Cleaning &Todetries | 3,598 | 1,473 | 5,071 | 7,209 | |||
| Repairs &Renewals | 1,078 | 906 | 1,984 | 4,183 | |||
| Printing, Postage lk Stationery |
10,709 | 10,709 | 10,647 | ||||
| Advertising &Promotion |
|||||||
| Telephone | 7,675 | 7,675 | 6,413 | ||||
| Community | Engagement | Activities | 159 | 159 | 159 | ||
| Bad debts | 185 | 185 | |||||
| Tuition Fees | |||||||
| Professional | Charges | 1,199 | 41,149 | 42,348 | 41,578 | ||
| Accountancy | Fees | 3,036 | 3,036 | 3,036 | |||
| Audit fees | 2,304 | 2,304 | 2,304 | ||||
| Bank interest | &Charges | 103 | 103 | 270 | |||
| Sundries | 4, | 198 | 5,759 | 9,957 | 12,631 | ||
| Donations | 4,250 | ||||||
| Subscription | 717 | 621 | 1,338 | 2,193 | |||
| GNG Nursery | expenses | 5,627 | 1,050 | 6,677 | 9,385 | ||
| Depreciation | 70,416 | 70,416 | 70,837 | ||||
| 276032 | 170460 | 446492 | 483349 |
| This is stated after charging: | 2023 f |
2022 f |
| Deprecetion | 70,416 | 70,837 |
| Auditor's remuneration: |
||
| - audit of the financial statements | 2,304 | 2,304 |
| 72,720 | 73,141 |
| Total staff costs were as follows: | 2023 | 2022 |
|---|---|---|
| f | f | |
| Wages and salaries | 254,543 | 275,916 |
| Social security costs | 10,881 | 11,881 |
| 265,424 | 287,797 |
| The average nu was as follows |
mber of employees dunng the year, cal |
culated on the basis of full-time |
equivale | nts, | |
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| No | No | ||||
| Project manager | 1 | 1 | |||
| Finance officer | 1 | 1 | |||
| Fundraising | 1 | 1 | |||
| Charitable activities |
18 | 18 | |||
| Administration | and support | 1 | 1 | ||
| 22 | 22 |
| COST | Improvements | Equipment | Fixtures 8t | Leasehold | Total |
|---|---|---|---|---|---|
| to property | Flttlhgs | Property | |||
| E | 6 | 6 | |||
| 1stApril 2022 | 122,616 | 53,218 | 160,119 | 1,224,713 | 1,560,666 |
| Additions | 2,432 | 2,432 | |||
| As at 31st March 2023 | 122,616 | 53,218 | 162,551 | 1,224,713 | 1,563,098 |
| DEPRECIATION | |||||
| 1st April 2022 | 94,940 | 49,351 | 150,102 | 1,163,479 | 1,457,872 |
| Charge for the year | 6,130 | 773 | 2,280 | 61,233 | 70,416 |
| As at 31stMarch 2023 | 101,070 | 50,124 | 152,382 | 1,224,712 | 1.528,288 |
| Net BookValue | |||||
| 1st April 2022 | 27,676 | 3,867 | 10,017 | 61,234 | 102,794 |
| 1stApril 2023 | 21 546 | 3004 | 10165 | 1 | 34010 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| E | E | ||||
| Trade debtors | 13,115 | 13,115 | |||
| Sandwell Metropolitan |
Borough Council | 8 | |||
| Furlough Grant |
|||||
| Prepayments | 1,996 | 2,649 | |||
| Other debtors | (Lyreco) | 77 | |||
| Other debtors | (Midshire | Communications | Limited) | 100 | |
| Gurunanak Gurudwara |
Loan | 40,000 | |||
| Utility Prepayment | 15,000 | ||||
| 70,111 | 15,949 | ||||
| CREDITORS: Amounts | falling due within | one year | |||
| 2023 | 2022 | ||||
| E | E | ||||
| Trade creditors | |||||
| Taxation and social security | 570 | 2,329 | |||
| Other creditors | |||||
| Accrued expense | |||||
| Pension contributions | 866 | 778 | |||
| 1,436 | 3,107 |
| 10 | ACCUMULAT | ED | R | ESTRIC | TED INCOM | E FUNDS | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Notes | Bal b/fd | Income | Outgoing | Balance at | ||||||
| 1stApril | Resources | Resources | 31stMarch | |||||||
| 2022 | 2023 | |||||||||
| Restricted Funds: |
||||||||||
| SYCC Building | works | (967,414) | 170,460 | (1,137,874) | ||||||
| Core | 4,500 | 4,500 | ||||||||
| UK Online | 215,403 | 215,403 | ||||||||
| Child care invest | me | 37,412 | 390 | 37,802 | ||||||
| Youth Interfaith | Club | 6,900 | 6,900 | |||||||
| Steps | 62,965 | 62,965 | ||||||||
| PAYP | 9,576 | 9,576 | ||||||||
| Baron | 800 | 800 | ||||||||
| Edwards | 1,000 | 1,000 | ||||||||
| DWP | 13,520 | 13,520 | ||||||||
| HPCL Employments | 12,000 | 12,000 | ||||||||
| GNG Welfare | 24,000 | 24,000 | ||||||||
| Worker Education | 1,490 | 1,490 | ||||||||
| Mids hire | 3,581 | 3,581 | ||||||||
| NEF | 633,048 | 633,048 | ||||||||
| ELT | 297,499 | 31,192 | 328,691 | |||||||
| Sports | 7,715 | 7,715 | ||||||||
| Good Things | Foundation | 20,175 | 6,900 | 27,075 | ||||||
| EYSFF | 162,344 | 92,865 | 255,209 | |||||||
| Prior period adjustement | - | NEF/ELT | (17,124) | 0 | (17,124) | |||||
| Total Restricted | Funds | 529,391 | 131,347 | 170,460 | 490,278 | |||||
| 11 | ACCUMULATED | UNRESTRICTED INCOME FUNDS | ||||||||
| Bal b/fd | Income | Outgoing | Balance at | |||||||
| 1stApril | Resources | Resources | 31st March | |||||||
| 2022 | 2023 | |||||||||
| 5RB4 | 798 | 798 | ||||||||
| SR86 | (17,289) | (17,289) | ||||||||
| SRB6e | 10,750 | 10,750 | ||||||||
| IAG | 44,514 | 44,514 | ||||||||
| AXA | (1,580) | (1,580) | ||||||||
| HMRC online | filing | income | 250 | 250 | ||||||
| Childrens Fund |
153 | 153 | ||||||||
| Dudley College | 91,911 | 91,911 | ||||||||
| South Birmingham | College | 7,250 | 7,250 | |||||||
| Other Unrestricted | Income | 20,204 | 20,204 | |||||||
| SYCC Income | 2,699 | 2,699 | ||||||||
| Private Tution | 3,124 | 3,124 |
| IDS-Donation | 6,688 | 6,688 | |||||
|---|---|---|---|---|---|---|---|
| GNG Income | - Nursery | (1,293,184) | 138,619 | 276,032 | (1,430,597) | ||
| Birmingham | Chamber | ofCommerce | 1,425 | 1,425 | |||
| CBrC | 13,599 | 13,599 | |||||
| Computer | 405 | 405 | |||||
| Room Hire | 2,442 | 2,442 | |||||
| IFA | 4,975 | 4,975 | |||||
| Donation | 4,915 | 4,915 | |||||
| Citizen | 3,139 | 3,139 | |||||
| DAF2 Training | 10,873 | 10,873 | |||||
| Digital | 2,000 | 2,000 | |||||
| BuddyUp | 18,000 | 18,000 | |||||
| NLDC2 | 3,764 | 3,764 | |||||
| NLDC3 | 5,647 | 5,647 | |||||
| Sandwell College |
17,302 | 17,302 | |||||
| WNF3 | 189,560 | 189,560 | |||||
| WNF RBrD |
13,500 | 13,500 | |||||
| WNF4 ESOL | Phase1 | 4,014 | 4,014 | ||||
| WNF4 ESOL | Phase2 | 12,124 | 12,124 | ||||
| PAYP | 7,542 | 7,542 | |||||
| Calibre | 1,076 | 1,076 | |||||
| 5FVYO | 1,500 | 1,500 | |||||
| WNF EMP | 8,746 | 8,746 | |||||
| Big Lottery - | Advice | Services Fund | 57,500 | 57,500 | |||
| BMET | 3,440 | 3,440 | |||||
| Consortium | 430,787 | 88,279 | 519,066 | ||||
| SCOLL | 2,400 | 2,400 | |||||
| STP | 4,667 | 4,667 | |||||
| Booking | 650 | 650 | |||||
| HMRC JRS Grant | 76,395 | 76,395 | |||||
| Covid Grant | 62,249 | 0 | 62,249 | ||||
| The Winston | Churchill | Fellowship | 10,000 | 12,253 | 22,253 | ||
| Vision Grant-SCVO | 15,263 | 2,172 | 17,435 | ||||
| Total Unrestricted | Funds | (133,812) | 241,323 | 276,032 | (168,521) | ||
| TotalFunds | 395579 | 372.670 | 446492 | 321,757 |