THE FINANCIAL STATEMENTS WEST BROMWICH AFRICAN CARIBBEAN RESOURCE CENTRE For the year énded 31 March 2024 Company Number 3916617 Charlty Number 1091956 WEST BROMWICH AFRICAN CARIBBEAN RESOURCE CENTRE CONTENTS 31 March 2024 Page LEGAL AND ADMINISTRATIVE INFORMATION REPORT OF THE DIRECTORSITRUSTEES INDEPENDENT AUDITOR'S REPORT 13 CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES 15 CONSOLIDATED BALANCE SHEET 16 CONSOLIDATED STATEMENT OF CASHFLOWS 17 NOTES TO THE FINANCIAL STATEMENTS 18-30 Annual Report and Financial Statements of West Bromwieh African Caribbean Resource Cgntr For the year ended 31 March 2024 LEGAL AND ADMINISTRATIVE INFORMATION Company Number: 3916617 Charity Number: 1091956 Tiustées and Dlyectors Hyaclnlh Jarrell Kennelh Jaines Bishop Lincoln Davis Sharon Fo9arty Avril Granl Donna Mighty (appointed 24 July 20231 Company $¢¢relary Shane Ward Reglsterod Offlce Thomas Sireel Wesl Bromwlch Wesl Mldlands 870 6LY Chlef Executlve Offlc•r Shane Ward Audltor8 H8rrSson Beale & Owen Limited Chartered Accounlanls & Slalulory Audllors Seven Stars House 1 Wheler Road Covenlry CV3 4LB Bankers HSBC 328 High Sireel W6sl Bromwich Wesl Midlands B70 8DJ Annual Report and Financlal Statoments of W¢$t Bromwich African Caribbean Resource Centre Fof the year ended 31 March 2024 REPORT OF THE DIRECTORSITRUSTEES The Trusleesl Directors present their report and the audited financial glalemenls for the year ended 31$1 March 2024. Tho truslees have adopted the provisions of the Slalemenl of Recommended Practice ISORP} "Accounting and Reporting by Charitles IFRS 1021 in preparing the annual report and financial statements of the charity. The financial slalemenls have been prepared in accordanc6 wilh Ihe accounting policies sel oul In notes lo th6 accounls and comply wilh Ihe charily's governing document. Ihe Chariiies Acl 2011 and Accounting and ReFlOrting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Slandard applicabl& In Ihe UK and Republi¢ of Ireland published in October 2019 1. CONSTITUTIONAL AND LEGAL OBLIGATION To provide any charitable purpose for Ihe bengflt ol Ihe African Caribbean inhabilanls of Sandw811 regardless of age, sex, disability, political. religious or other opinions In the furth8rance of education, cultur8. employm8nl. recreation. social Gare and welfare as well as economic regeneration and lo relieve poverty. dislr8ss or sickness. Wesl 8romwtch African Caribbean Re80uice Centre is a charSlable entity following incorporation as a company in 2000 and re9islralion as a Ghaflty in 2002. Ouring the year. the directors continued to lollow guidance from tho Charity Commission in respect of ensuring that woik of the charily piovided public benefit. 2. ORGANISATIONAL STRUCTURE AND GOVERNANCE Th8 directors of Ihe company are also Injslees of the ¢h8rlty and are known 8s members of th8 managemenl committee or board. New direclorsllruslees are appointed In accordanc6 Wlth Ihe Irustee recTuilmenl pollcy. 3. TRUSTEE INDUCTION AND TRAINING All Iruslees ale 18millarised wilh the prdcllcal w(wk of the charity including but nol limlled lo.. The obligations of the charity The obligalions of the Managemenl Commillee The maln documents which set out Ihe operational framework f(Y the charfty including th8 M8morandum and Articles of Association ResoLsrces and the ¢UTrenl financial posilion as set out in the lalesl published sub-commillees, minutes On-going plans and obiecbves 4. MANAGEMENT AND OPERATIONS We welcom8d Donna Mighty as a new Ifustee and memberollhe board lollowing her proballonary period. The directors or Iruslees who hav8 served Ihe charity during parl or Ihrou9houl Ihe accounting period-. Mrs. Hyaclnlh Jarrett Mr. Kennelh James Bishop Lincoln Davis M5. Sharon Fogarty Miss Avril Grant Ms. Donna Mighly joined on 24 July 2023 Annual Report and Financial Stalements of West Bromwlch African Caribbean Resource Centre For the year ended 31 March 2024 REPORT OF THE DIRECTORSITRUSTEES S. CHARITY OVERVIEW The chadly was pleased to have been able to have a strategic away day lo review and focus on Ihe work so far, as il helped us identify our strengths and weaknesses and formulate a stralegy lo progress on what needs ￿ be done lo conlinue improving. One of our key slrenglhs was partnership working and we have used Ihls approach to conceive and develop new servlces pailittularly as part of consoiliums. We were In a good position to partner with other organisations lo take advantage of opportunilies that presenled themselves. In Seplember a meoting with Ihe Eveson Tnjst f6sulled in a commitrnent lo fund a 1 year memory loss group whilsl a chance exchange wllh Leroy Chri9ti8 led lo an initial investmenl from Jaguar Land Rover IJLR) to support the purchase of specific Items includlng CCTV monltoring system and installing a new 6 burner gas cooker that if￿[8¥$ed Ihe kitchens capacity io product hot meals. Being a Tler 1 provlder of home care has given ￿ grealer financial stability and enabled us to femain as a Significant local employer. Thls year was Ilie flTsI full year of operatin9 as a Tler 1 provider and Ihe increase In Income is indlcallve of th8 bgnefil that Ihls brlngs. The health and well being division has been able lo grow the dementia services and rnainlain the old8r peoples and day opportunilles (Day Car8} se￿ICes. Healih promot￿n femalns a key elemeiil of the work of the tharily and projects fo¢uslng on health areas that affe¢l African Caribbaan communitl6s continued lo b8 a key elemenl of th8 wort. The biggest Challenge going forward will be securing the future of the Sapphire projecls and we are pleased to report that we have had some very posllive dls¢us3lons wilh local people around the re-e$labllshmenl of th& youlh club and il is all s6110 restart In May 2024 as wéll as a Macmillan cancer support charity with a view io being part of a new initiative fo¢)Jsing on cancer. Th8 early part ol the y8af saw a wmbinalion of staff sickness and staff departures reslricl operations which has led lo néw ways of operating that incorporate a grealer use ol oulsoufGing Inc￿dIng some 6lemenls of finance adminislralion. Staff sickness and staff departure were a hinderance In some ol tho projects and had a negallve Impacl on the dev8lopmenl of those servlces. As a result some of the projects namely the Bereaved Carers and the Slartlng Well malemily suppori services n8v&r achieved thelr full potenllal and our involvement ended prematurely. The flnancial 18sulls are again positive renecl our ability to largel new opportuftitles and se¢ur8 funding ad bulld those serwces. The makeup ol our Iru8lee base is slowly changing as now ITuslees continuo lo come on board. Publlc rgcognilion came In light of the BBC Radio 4 contacting us lo request rgcordin9 Ihoir Windrush d8bat8 at the Cgnlre hosled by Cllve Myrie. The charity was able lo survlve and emerge from the impact of Covid and the pandgmic and has b8en able lo resume fully lo pre Covld-19 lev81s. The pursulng ol short lerrn gran13 ha5 been replaced by an increase in partnership WOTk to generate prolocls which enables us lo have Staff as part ol a widei setvice. A major challonga was competing wilh olher agencles foi the domiciliary (Hom6 Carel lender contract where V￿ were successlul in becoming a Tier 1 provider starting in Seplember 2022. Th8 winnlng of this contract 15 slgnlficanl as il is a 5 year contract with the opllon of an added 5 year extension thus generating a level ol stabllily and certainty in an unstable Ilme. Thè day care service was soon back to pre Covid-19 numbars and the Sapphire staff were fully allowed back onto the hospital ward. Staff sickness and staff leaving were a hindeTance In some of the projects and had a negative impacl on the development of those SBrvices. Due lo issues including staff sickness some of the projecls we were involved in never a¢hieved thelr full potential namely the B8reaved carers and the Slartingwell piojecl. The financial results are positive and reflect our ability lo larget new opportunlties and secure funding. Our trustee base 1$ slowly changing as older trust8es aro now makin9 way for younger ones lo come ihrough. Annual Report and Financial Statoment$ of West Bromwlch African Carlbbean Re$our¢e Centre FDrthe year en(ied 31 March 2024 REPORT OF THE DIRECTORsrrRUSTEES 6. RISK MANAGEMENT Th8rè a￿ a rang8 of regulatory bodies that oversee different aspects ol Ihe charity's work ourACRC Care Dlvislon is still regulated by the Car8 Qualify Commission as well as being subject lo monitoring checks Irom Sandw811 Adull Social Care quality team. Under th8 maln charitable aclivilies, we are regulated by Ihe Char￿Y Commission and the Fundralsing regulalor. We engage Right L81's Shred lo enable the secufe disposal of the documents and s8nsilive papers and have added a lull-scale recycling bin lo enable better environmenlal praclices. Sandwell Melropolilan Borough Council IMBC) Environmental Heallh Seivice who inspect Ihe kitchen facilib'8s and we ach18ved a 4 raling which is an improvement on the previous insp8clion bul ultimately we want to achieve the hlghesl level S. Wo continued to 8ng8ge the services of Guardlan supporl to assist us in human resour¢e management and ensuring IhAI our Employment practices and procedure5 were compliant with current law and would not pul the Iruslees and staff 81 risk. We continue to use Iha Dlsclosure and Barring Servi¢e to vel new tfuslees, 51aff and volunleers. Thls supporls the need lo safeguard and reduce tho rfsk ol harm lo people who use our services 8nd provldes support and prote¢ilon lo staff workiiig within the servlces. The managemenl ar8 aware ol its responsibil1￿5 toward employe8s and have in place a slruclured induction process tho1 ensures all 8mployees are made awar8 ol Iheir responsibilities. This is on-going and cairi8d oul through induction and continuous Iralnlng. Trustee recrulim8nl and relenllon wlll continue lo be prkirlty ar8a ovei the next few years lo create stronger checks and balances wilhln the charity's oper811ons. The General Dala Protection Regulations {GDPRI has required increased awareness around data handllng procedures and policles to prolecl personal data and mainlain privacy. The reporting period colncides al a Ilme when the conflicts are continuing in partlcular the Rus$lan l Ukraln8 Conflict ¢onllnues and the impacl has led lo increases In oil and gas prices affecling the bottom line of businesses and charities The conlinualion ol the Pèlesllne and Israel confll¢l moves us lo call for an wnmediate ceasefire lo slop the mls8ry of War. Financlal risk is heavlly dependenl on the rales Ihal are approved by the adult social care and th8 degree lo which they reflect inflalion and minlmum wage increases as well as other Changes In Govemmenl budgels Ihal affect employers. It is also Inlluenced by funding declsions particularly around the voluntary Sector Support grant Ihal is boing rwlewed by Sandwell MBC. 7. USE OF RESOURCES The charfty continues lo be structured into three divisions, the main dlvision thal covers the core operations that enable any organlsalion lo operate these include finance adminislrallon. slaff managemenl, governance and building malnlenance. It will also Include the soon lo be established youth club and cancer connector project in conjunction with Macmillan cancer support. Sandwell MBC is a major funder of this area via the volunlary seclor support grants as it is currently used lo help sUPPOrt the core costs ol running Ihe chaiity. The divislon also levies a managemenl charge across Ihe olher two division5 namely ACRC Car8 ond the Health and Wellbeing Divlsion lo support the Core operations. For Ihe ACRC Care Division, Ihe principal sources of funding continue lo come from the delivery of home-based personal care and outrèach support lo vulnerable adulls and chiklren in Sandwell. For Ihe Health and Wellbeing divislon, funds are widespread and include Sandwell MBC Sandwell Adult Services day care Gonlract. We are into second year ol tho Demenlla support soNlce bul also includes individual projects in partnership wtlh olher communsty groups also saw funds secured for a memory loss group and the conlinu81ion ol the Sandwell Health Inequality Programme (SHIP). In summary, the principal funders have been Sandwell MBC Council Adult Social Care, Sandwell Children's TrL6sI. Black Country Inlegraled Care Board W8sI Birmingham NHS Hospilal Trust new additional fvnders include Eveson TTU&t and JLFi Annual Rèport and Flnanclal Statemenls of West BromwlGh Afrlcan Carlbbean Resourco Cgntrg For the year ended 31 March 2024 REPORT OF THE DIRECTORSITRUSTEES Tha funds are used lo pay for direcl hom8 care and day care workers. the managem&nt of skff and volunteers ai)d resources required lo support the delivery of the services in addition lo supporiing the 9overnance of lh8 charity and ils assocSaled companies. Thfjy are also used lo cover Ihe regular cosls ol managing an organisation and a physical buildlng Ihal is open lo lh8 public. We have conlinued to engage the seNices ol Harrison Beale and Owen as nol only the independent auditor, bul we also engaged them lo operate our payroll during the lalef quarter of the year. 8. ACRC HOME CARE DIVISION Annelt8 No81 has conllnued lo lead the ACRC Home Care leam and her applleaknon lo become Ihé Registered Manager was successful and accepled by the Care Quallty Commission. She was supported by a small staff team of three all of whom have contlnued lo study lor level 4 and 5 NVQ qualifications. The number of hands-on home care workors has increased significantly, we operate a mlnlmum 16 hours per week contract and a bank syslem for Ihose who are unable to work regularly enabllng u810 hav& a foundation of 50 hands on home care workers. Thls was the first full year that we reported as a Tier 1 provider. In Ihe first full year we dellvered a lolal of 52,765 p8rsonal care and outreach support hours compared lo 35,116 hours In the prevlous year. This worked out lo an average of 1,014 per w88k compared lo a weekly averag8 of 675 in the previous y8ar. Al Ihe start of the year. we had 20 home Gaf8 work8rs, bul Ih successful lender required us lo recruit mor8 staff and by the end of the year we had 37 r8gular direct home care worker5 working with elienls for a mlnlmum of 16 hours per week. The average number of cli8nls remains in the regSon of 74 sllghlly down Irom 76 bul we dld hav8 an additional child lo support via the Sandwell Children's Trust and 40 s&ff m8mbers have completed their Care certlficaie. We provided 6 placemenis for Sandwell college sludenls who ¢ompleled19vel 2 and 3 health and social car9 NVQ qualiflcallons .We hove sourced support from Ihe 2 51slers rood group IOT Ihe care slaff and were able lo se¢ure frge bus passes Bnd reduced passes lor non-drlvers generating a saving ol between £65-£104 per ￿K)nth per staff member The three senlor care officers have completed or been enrolled on level S and level 4 courses during the year The servlce had positive feedback following the annual contract Monitoring Inspecllon which was compl&led in June. The Quarterly Kay Performance Indlcators were good and 8 servw aclion plan was reviewed in December. 9. HEALTH AND WELLBEING DIVISION Deska Howe has worked lirelessly lo negotiate new styles of provision and secure conlinualion funding for some of the projects, He has also worked closely wilh a variety of slake holders including the Mayor of the Wesl Midlands. The Sapphire hospital befriending and support service had another extension. Ihal will lake it up lo Oecember 2024. 11 is anlicipaled Ihat a new service will be pul out lo lender during the summer of 2024 and the division is working wilh polential partners with a view lo be included in the partnership lender submission. Tara Cresswell who prevvJu31y had a placement wilh us when compleling her university degree was appointed as the demenlia navigator. The nufflbers have increased in Ihe older people's day servic8 and there Is a greater partlcipation in lh8 extend exercSse program and the posture 5UPPOrt program whlGh has resulted in fewer falls than expected. The lev&1 of day Gare members passlng away has slowed. enabllng the group lo stabllise and welcom6 new members. Sandwell Health Inequalities Programme (SHIP} continued. and we ran workshops on the conditions of diabetes and prostale cancer which enabled us to work with the Dlabeles UK and Proslalè Cancèr UK. 11 also h61ped lo strenglh8n local partnership working with Nèh8miah Housin9 Association via Charles Pear￿n Court and Cape Penlecoslal Church via ca￿ Day Care Cenlie. We ran programmes that aimed lo improve people's mobility and reduce health inequalities. These locused on rM)slural slability. strength and balance classes gentle exorcise classes within our day service. Pfoslale cancer and Oiabeles awareness was delivered by Aiden Adkins and Tony Kelly speclively over a 6-12 week perlod, in lolal 150 people attended the sessions. Annual Report and Financlal Statements of West BromwiGh African Caribbean Rèsource Centfe For the year ended 31 March 2024 REPORT OF THE DIRECTORStfRUSTEES The Sandw911 Community Demenlia Servic8 (SCDS) was retendered by Sandwell M8C in 2023. Murray Hall Communily Trust ISCDSI Led a consortium Bid and we partnefed with 7 other voluntary corntnunity and Independent Organlsations. In May 2023 W8 were Snformed ihal our consortium bid had been successful which meanl we Secured th8 conlracl again lor a furlher 2 years wilh an option lo extend the contract for a 3 year. The division provided 14 student placemenls from Sandwell College and 4 studelll placemenls from The Unlversily of Birmingham wilhin our Health & Well 88ing Day Car8 Service, all the sludenls were sludying their Health and Social care￿ Level 21314 qualificatlons, duo lo the support they received from our leam all 14 sludenls achieved their degree's or diploma's. 10, SUPPORT TO COMMUNITY BASED RESEARCH We supported 20 students and academlcs during Ihe year wilh sludy and research projects including a doctoral research sludy by Melissa 8rown into Alri¢an Caribbean and duel heritage car8rs of peopl8 with memory loss including and ea¥ly slage onset of demenlla We are also engaged wilh post-docloral research inlo diaspora communities working with the Univarsily of NorthLJmberland and Dr Sarah Peck 11. CULTURAL AWARENESS We wer8 able lo hold the usual celebralions Including Jamalcan Independence Day and Black history cullural evenlng for the first Ilme slnce (he lockdown was Ilfted. We have ¢oncenlraled on making more of soclal medla lo get awareness oul and have tjsed this website and Facebook platforms lo recognlse sunificanl achievements of black people of Ihe African dlaspora. 12. STAFF VOLUNTEERS AND STUDENT PLACEMENTS As always, we are Indebted lo our staff and volunteers for working Ihroughoul the pandemlc often undar immense pi88sure. They have served the local people lo a high standard and hav8 shown an exemplary lev81 of commitment to vulnerable people 81 Iheir lime of need. Ov8rall, the staff and volunteers have slabillsed and there is no significant change in numbeis. We were able relain sludenl plac8menls and our links with educational establishment continued Including Sandwell College. Blrmingham Cily Universlty and Wolverhampton Universily. 13. FINANCIAL REVIEW Th8 divlsion saw the departure of Bill Portman In Decembor 2023 and the charity engaged Harrison Beale and Owen's virlual rinan¢¢ operation lo conduct payroll on our behalf. Despile the sel back we have again mana9ed io return a year end operallng surplus of £52,114 which 15 slightly more than the Pf8ViOUS year £51.813 in 2023. Our income has incr9ased larg81y as a result of increases in the number of care hours delbvered in ihe year. this has been complamenled by Ihè securing of addillonal projects including The Eveson Trust memory loss group funds which were secured in the year with the proiecl scheduled lo slari in May 2024. Overall Ihero have be8n some positive movements in Ihis results as we have once again increased our lolal income rlslng from £1,293,917 in 2023 10 £1,463.058 in 2024 iewesentsng an increase of £169.141 8qual lo a 13.1% increase The total exp8nditure also increased from £1.242,104 In 2023 to £1.410,944 in 2024 The surpluslnel Income is £52,114 compared to prior year of £51.813. The Maln C8nlre divislon generaled an income of £279.708 compared lo £290,410 in 2023 representing a reduction in income ol £10,702. Annual Report and Flnancial Statements of Wost Bromwlch Afrl¢an Caribbean Resource Cèntre For the yèar onded 31 Mar¢h 2024 REPORT OF THE DIRECTORsrrRUSTEES However, the main divislon818xpendilur8 increased lo £274.787 from £225,627. an Increase of £49,160 equal lo a 21.80/0 increase In spending within that division. The main centre income was boosted by the relurn of Club Carib lo full opérations which g8neraled an income of £49,142 a350ciale lo this return was the resumption of hall hire which genefaled a further £9,411 We wére once agaln supported by a voluntary sector support grant. but again the grant had no inflationary increase indic81ing that public funds are Lfnder stress. The Health and Well Belng dlvision generated an income of 247,817 during the year compared to £202,672 in the provioug year an Increase of £45.145 representing an increase of 22.3%. Expenditure in the division Increased lo £209,234 compared lo £ 187,625 the prevlous year represenllng an increase in spendlng of £21.609 equal lo 11.SYo. ACRC Care 19 th8 large3t dSvision and genefaled an Income of £935.533 compared to £800,835 in th8 prèvlous year representlng a major increase in income of £134,698 equal lo an increase of 16.8Y•. However, èxpenditure lor Ihe divislon increased from £828,852 in 2023 10 £926,923 In 2024. An increas8 in expendllure of £98,071 equal to 11.8%. To pul Ihls year's flnancial flgures Into context, have added Iwo tables Table 1 charting our Income and Table 2 charting our èxp6ndilur8 ov8r the last 8 years lo illuslrale how the company has devoloped financially over the period hitting above or around the £1 mllllon Income level for the 5 successive year. The Tablo 1 bèlow show$ a 8 year ¢omparfson of our Incomo Tablo 1 WBACRC INCOME 2017-2024 1600000 1400000 1200¢X>O ioooooo 0 800000 600000 400000 2000ao 2024 2023 2022 2021 2020 2019 2018 2017 YEAR Annual Report and Financlal Statements of West Bromwich Afrlcan Caribbean Rèsource Centro For tho year ended 31 March 2024 REPORT OF THE DIRECTORSITRUSTEES The Toble 2 below shows a B yoar comparlson of our expondlture Table 2 WBACRC EXPENDITURE 2017-2024 1600000 1400000 1200000 iriooooo CJ 800000 X 600000 400000 200000 2024 2023 2022 2021 2020 2019 2018 2017 YEAR 14. TRAINING Tralnlng has been ongolng wSth Inlllal IT awareness being a key focus . We hav9 worked wlth our IT Provldor Urban 10 start nlroducing test lo establish staff understandSng of Ihe dangers of randomly opglllng ¢mails which could be a rlsk lo securlly. Tho socuring of laplopg via the dlgllal inclusion iniliallves enabled us to hav8 training sessions for stalf lèarning leading lo ongoing training enabllng high levels of staff lo complete online Iraining lo achieve Ihe mandatory carè c8rtlficate for dellvering cafe. 15. QUALITY DEVELOPMENT Our day caro and community services have managed to maintain our IS09001 Quality Standard for day care and communSty seNices accredlled by ISOQAR wTrlh the ongoing Support of Conrad Francls. Annual Report and Financlal Statoments of West Bromwich Afrlcan Carlbbean Resource Centre For thé yèar ended 31 March 2024 REPORT OF THE DIRECTORsrrRUSTEES 16. ACHIEVEMENTS Via the SHIP we suttessfvlly delivered Ihe woikshops on prostale c8ncer. diab8tes and ¢lasses on p05tUf81 stability exorclse lo music engaging 150. Mainlaining our IS09001 Quality Managemenl Syslem '.2015 Standard ac¢r8dilalion. Successfully negoliaiing the conlinualion of Ihe dementia services and debvering new outreach servlces lo enable conlinualion of support lo vulnerable people. Supporting over 20 heallh and social care, undergraduale and post graduate students to 14chiev8 Ihelr respecllve levels 2,3 and 6 NVQ certificates as well as graduate ￿nder graduate and posl-docloral 185earch. Successfully engaging with Macmillan cancer support to develop a funding proposal lo support African Caribbean cancer awareness. Increasing dellvery of personal care lo maintain an average of 1.000 a week Securing lunding from Eveson charilable Irusl and corporate fundeTS JLR Improving the security withln th8 building with CCTV inslallab'on Secursng in princlple. lunding for partnershlp sUPPOrt from Macmillan cancer support charily for a cancer connector project 10 Dislrlbuting over 20 laptops to Indlviduals In the community as part of the natlonal drive for dlgllal incluslon supported by Communilles in Sync and Sandwell Housing Hosting BBC radlo 4 Windrush program chaired by BBC nows anchor reporter Clive Myri8 and ex England professional footballer John Barnes. 12 Oev8lopSng an in house IT Iralning tr¥Jb for slalf to develop Ih8lr skills and qualification$. Oeska Howe belng profiled in the Irusted Voices BME Covid Vaccinations Champion programm6 evalualton. 13 14 Annette Noel becoming the registered manager for ACRC Care 17. DEVELOPMENT PLANS AND CHALLENGES Working lo new financial arrangements and sellling into new systems of finanGial management has been a challenge. Nol having a dedicated person lo relay quoiles has been tough bul staff have adapted to Ihe new outsource payroll support seNioe. The move to digllalising payments and records have lessened lime In getting chequ85 and suppliers payments are now quick8r going dlreclly into their accounts. During the y6ar we had a staff departur8 within finan¢è officer, left a void however a combination of filling in and getting professional support enabled us to conllnue the finance and payroll funclion. Developments will'includd actively pursuin9 the asset tTansler of the building and working harder to re-eslablish services for chil(Jren and young people. The blggést challenge will be to adapt lo Ihe financial environmenl which has limited funds available lo U)e public seclor and the knock-on Impact il will have on charities operaling speclalisl and care services. Across the country public sector funding is reduclng, which brings more challenges lo the voluntary sector. The challenge ol coping with increased staffing costs due io Increases in minimuffl wage, incfeases in energy costs and k)w level of conlracls conlinu8s lo brlng greater pressure on our operalions. We anll¢ipale reductions and withdrawals of funding streams and will need lo malnlain dialogué wllh the aim of achieving cost of livlng in¢reases to keep in line with inflation. The board recognise that they will need lo moel more frequenlty and lo recruit new Irus18es lo move the organisation into the luture and with an againg senior staff ieam the charity also needs lo have a succession plan in place. Annual Report and FIMancial Statements of West Bromwich Afrl¢an Caribbean Resource Cgntre For the year ended 31 March 2024 REPORT OF THE DIRECTORsrfRUSTEES 18. PLAN FOR THE FUTURE - MEDIUM AND LONGER TERM PRIORITIES Plans for the future I medium and ksnger lemi priorities remain Il* same :. Continue making progress towards th8 asset Ifansfer option lo own the bullding or hav& a long lease by completin9 Ihg business Case. Rebuildlng Ihe foundation of the seryic8s lo enable clients and service users lo feel ¢onfident in re engaging with our S8rvic8s. Beller ulilise centre lacililies including the kilch8n. hall and digital devices lo WO￿ with a wider group of the communlly lo include children, families and young people. 4. Developing new partnerships lo enable new funding to come into Ihe organisalion. 5. Greater working with the enlertainmenl commillee to encourage new people to allend the w6ekend entertainment nigh18 6. Targel the recruilmenl of new Iruslees Update organisalional Govornance documents including slrategic and business plans. 8. Generate plans for expanding the firsl floor of tha building15ublect lo asset transfer being approved) 9. Cr8al8 an updated archive of th8 hlslory ol Ihe charity c818brale Ihe 40th anniversary of115 formalion120251 Over the next 3-5 years we will be focusod on these areas in addilion lo continuing our 8xisllng health and social care support S8rvices. 19. A¢knowladg8mfynts The difeclors acknowledg8 the imporlance of having a well-trained and a hard working staff 10am and the importanca of ¢onslslency. Noihlng embi)dieg Ihis more Ihan staff and Iruslees who slay wilh tho organisallon through good and bad limes. On the staffing side we acknowledge Ihe long associalion with th8 resource centra of Shane Ward, Deska Howe, Angela Mahab88r, Ralwinder Kaur and Manlll Kaur. Shane Ward 1993 to presenl 1993 - 1995 Menlal health drop in volunteer Feb 1995 to presenl, currently Chlef ExeculNe Deska Howe 1993 to present 1993 -1997 Meals on Wheels Developmenl volunteer 1997 to presenl, currently Health and Well-8eing Divisional Manager Angela Mahabeer 1998 lo present ACESS Admlnislralor 1998 - 2011 201110 present, currenlly Charity Administrator Gary Mellis 1993- 1999 & 2012 - presenl, cook and Ca￿take1 positions Rajwinder Kaur 200710 Pfesenl, currènlly Senior Home Care Officer Manjil Kaur 2008 to presenl Home Care Worker On the Trustee Ironl Mrs. Jarrett has been 8 board member and Iruslee since the planning of the charity started in 1984 whilst Mr. Kennelh James has been member of the organi5ation since th8 1980's with over 25 years as a board member. Aciing Chair Bishop Davls has be8D on Ihe board and served the organisation fly over 10 years. 10 Annual Report and Flnanclal Statoments of West BTomwlch African Carlbbean Resource Centre For tho year ènded 31 March 2024 REPORT OF THE DIRECTORsrrRUSTEES 20. PARTNERSHIPS We believe being able lo have the ability lo develop good partnerships with other organisalions is the way forward and we are pleased to acknowlodge organisallons that we have been benef￿81 to our operations.. Sandwell MBC Sandwell Adult Services Sandwell Children's Trusl Sandwell and West Birmingham NHS Hospital Foundation Trust Black Country Inlegiated Care Board Agewell CIC Diabeles UK Proslale Cancer UK Race Equality Foundation Oemenlla pathfinders AJzheimer'5 Socl8ty Communllies in Sync Bellgr understanding of dementia (BUDS) Wolverhampton Vniverslty 81rmingham City Unlversity Birmingham University Sandwell College The Albion Foundation Sandwell Afrlc8n Caribbaan Mental Health Fwndallon AKA Kuumba Nehemiah Housing Association St Albans Communily Associallon Sandwell Advocacy Murray Hall Communily Trust Yemeni Community Association Bangladgshi Islamic Communlly Association Nlshkam Civic Cenlre Eveson Tru81 JLR 21. RESERVES POLICY The roserves policy is designed lo enable the charity lo bulld suffiLignl resorves to sel aside for purchases, d8velopmenls and mainlaln staff pay. Considering the economic downturn and redu¢lions in chaiily glving. Twslees believe thal 3 months wnning cost is more reallstic in the present climate and wlll work iowards achievirvJ that in the coming years. This year rolurned a handy surplus. and Ifuslees consider this a pleasing performar¢ce with funds likely lo be ne8ded to be 381 aside for feasibility studies Into the asset transfer so this yearfs surplus is very welcome. The Charity remalns soSvenl and a golng concern at the lime of Ihe report. 22 FULL AUDIT This year's results show that have achieved a £1 million plus lurnover for the forth succesSIV6 year which is a polnler lo our consistency and ablllty to manage in uncertain time3. We decided lo reappoinl Harris Beale and Owen lo carry out a full audlt of the finances, 11 Annual Report and Financlal Statements of West Bromwlch African Carlbbean Resource Centre For the year endèd 31 March 2024 REPORT OF THE DIRECTORSITRUSTEES STATEMENT OF TRUSTEES, RESPONSIBILITIES The Iruslees (who are also directors of the West Bromwich African Caribbean Resource Centre for the puiposes of company law} are responsible for preparing the Trustees, Annual Report and the financial stalements in accordance with applicablé law and United Kingdom Accounb'ng Standards (United Kingdom Generally Accepted At¢ounling Piaclice). Company law requires the Irusle8s lo prepare financial statements for each financial year. Under company law Ihe trustees musl nol approve th8 financial slalemenls unle5g they are salisfled that they give a tru8 and laii view of the stale of affairs of the charitable company and of the incoming resources and applicat￿n of resources, including the incom8 and expendilure, of Ihe charitable company lor Ihat period. In preparÉng these financial slalements, the trustees are requlred lo.. selecl suitable accounting policies and apply them consislenlly; observe tho methods and principles within the Charities SORP 2019 (FRS 102).. make judgomenls and esllmales Ihal are reasonable and prudent. slate whelher appllcable UK Accounling Slandaid5 have been lollowed, subjecl lo any materi81 departures disdosed and explained in the financial stalem8nl5; prepare the financial stalem8nls on an the golng concern basis unless 11 Is inappropria18 to presume Ihal the ¢harilable company will continue In operallon Th8 Irvsl6e8 ar8 responsible for kéeping adequatè accounlhig r8cords that disclose with reasonable accuracy al any lima the rinanclal posllion of the charllablé company and enable Ihem lo ensure Ihal the financlal $latemenls comply wllh the Companies Aol 2006. Th6y are also responsible for safeguarding Ihe ass61s of the charitable company and hence lor laklng reasonabl8 sleps lor the prevenllon and deleclion of Iraud and olher irre9ulaTilles. In so lar as the Iruslees are aware: there Is no relevant audit informallon of thich the charitable company $ audllor is unaware.. and the Iruslee5 have taken all slaps that (hey oughl lo have taken lo make themselves aware of any relevanl audil informalion and lo eslabllsh that Ihg auth'lor is aware of Ihat inlormallon. In approvlng th8 Report of the Direclorsl Twstees. we a150 approve the DI￿￿or8, report Included therein, in our capaclty as company dlreclofs. The Report of the Directors￿ruSIeeS has been prepared in accordance wilh the special PTwslons ol Ihe Companies Act, relatlng lo small enlilies. Approved by lh8 Directors and signed on their behalf by- Dir8clor Isignalure) {NAME} Hyacinlh Jarrett Dated: 27 January 2025 12 Annual Rèport and Flnancial Statèmtnts of West Bromwich Afrlcan Caribbgan Resour¢e Centre For the year ended 31 Mareh 2024 INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OFTHE WEST BROMWICH AFRICAN CARIBBEAN RESOURCE CENTRE Oplnlon We have audited the financial statements ofwesl Bromwith African Caribbean Resource Cenlre (Ihe'parénl ¢harilable company'} and ils subsidiary (the 'group'l for the year ended 31 March 2024 which comprise th8 Consolidated Slalemenl of Financial Activities, the Consolidated Balance Sheel, the Consolidated Slalement of Cash Flows and Notes lo the Financial Slalemenls, including significant accounting polKies. The financial reporting framework that has been applied in their preparation is applicable law 8nd United Kingdom Accounting Standards. including Flnanual Reporting Standard 102 Th8 Financial Reporting Standard pplicable in the UK and Republic ol Ireland (United Kingdom Generally Accepted Accounting Practice). In our oplnlon the flnanclal statements: give a true and fair view of the sla16 of the group'5 and parent char*labl8 companls affairs as al 31 March 2024, and of the group's incoming resources and appiicalion of resources. including its income and expenditure. for the year then ended., have been properly prepai8d in accordance wilh Unlled Kingdom Generally Accepted Accounllng Pra¢lice'. and have been prepafed In accordance with Ihe requlrements ol the Charities Act 2011. 8asl8 for oplnlon We conducted our audlt In accordance wllh Inlernalional Standards ￿ Audillng (UK) (ISAS (UK}l and appll¢abl8 law. Our responslbililios under those standards are further described in ihe Audilorfs responsibililles for the audil of Ihe financial slalemonls secllon of our report. We are independenl of the group and parent charllable company Sn 8ccordance with th8 elhlcal requirements that arg relevant lo our audll of the Ilnan¢ial slalemenls in tho UK, including the FRC'S Elhic81 Slandaid, and we have fulfilled our olher eihi¢al responsibilities in accordance with these requiremenls. We believe Ihal the audlt evidènce we have obtained Is sufficienl and appropriale lo provide a basis for our the category. Expendlliiig is recognised where there is a legal or conslruclive obligation to make paymènts to Ihlrd parties, it is probabl8 that thè sèttlemenl will be requI￿d and the amunl ol the obligation can be measured reliably. 11 is calegorisgd undei Ihe lollowlng headin9S: Expenditur6 on chgritable 8clivill8s knlud8s Ihose costs ir￿￿rred by Ihe chaiity In the delivery ol ils aclivilios an¢J setvices for its benfjfiaarles.ll includes both costs Ihal fvlate directly to an acllvity and those of an Indirgcl nalurg necessary to support ihem. Irf8coverabl8 VAT is Chargod as an expense againsl the aclivlty for which expendilure aiose. 18 WEST BROMWICH AFRICAN CARIBBEAN RESOURCE CENTRE NOTES TO THE FINANCIAL STATEMENTS Contd. for the year ended 31 March 2024 Accounting Pollclas Contd. Governance costs Include cosls of Ihe preparation and examinalion of statutory accounts. the costs of Irustea meetings and cost of any legal advice lo Iruslees on governance OT conslitutional matieis. Support costs Support costs whlch include c8nlral functions and have been aHocated to a¢livily ￿$1 calegorlos on a basls cons151enl wilh ihe us8 of rèsouf¢es. Tanglbl• fixed #s$ot8 for by charity Tangible fixed assets are slated al cost lor dèemed cost} or valuation less accumulale(J depreciallon and accumulated impairment losses. Costs includes costs direcuy allribulable lo rnaknng the assets capable or operaltiig as intended. These are caplialised if Ihey can be used for mofe than one year. and cost al least £1,000. They are valued al cost. Deprecialion is provided al rates calcul8laiJ to wii18 off Ihe cosl less 6stimalad resldual valu9. over their gxpected useful lives orrico 8quipm8nl and vehldes 25% stra1￿1 Iw Invo$tmonts Investments aré recorded al cosl less impairmenl. Dgblors and ergdilors Doblors and CiediloTS wilh no 8lalèd Inte￿$1 rale and feceivable or payable within one year are rgcorded al Iransaclion price. Any10s8es arSsing from impaifment are recognised in expendilure Golng ¢onc8rn Th8 financlal slal8menls have b8en prepared on a gokng concèrn basls as the Iruslees belleve that no malerlal uncerlalnlles exlsl. The Irugleeg hava consldeied the level ol lunds held and the expected level ol income and expenditure for 12 months from aulhoiislng Ihese flnanclal slalemenls. The budg•led ineomts arnj expendllure suffic¢enl Wbth the level of re¥orve8 lor the charity lo be able lo conllnue as o going concern. Employe9 bvnoflts When employees have rendered serv1¢8 lo Ihe charity, short-lefm erryloyee benèfits lo whlGh the employees are enlllled are recognlsed al the undiscounled amount expecled lo be paid In exchgng8 for thal Se￿ICe. Th8 charily oporalas a definéd eonlribulion penslon plan for Ihe b8ngfil 01113 ornployees. Conlrlbutlons are expensed as Ihoy become payable. R8dundancyllermiTralion paymenls are charged io thè SOFA In Ihe pertod lo which they relala, once Ihare is a legal obllg81ion or onslruellve obllgallon lo rnakg payment. Tox The charily is consldered lo pa$s the lesls sel oul in Paragraph 1 Sehedule 6 Finaiice Acl 2010 and Iherelore11 m88ts lh8 deflnilion of a charitable company for UK corporation lax Purposes. As such. il does not have llabillly lo corporalion lax In the course ol ils normal ¢harilable aclivili85. 113 trading SLtbsidSary, Club Carib Limited is Ilable lo corporalion lax. Provlslon$ Provlsions are reco9nised when the charity has an oblwJalion al the balance sheel dale as a r8svII of a past evenl.1115 probable that an oulflow of economlc b8n8fiis wlll b6 requlred In $elttemenl ar￿ tho anN)unl can be relially eslimaled. Flnanclal Instruments Loans and borrowings aro inllially r8cognlsed al Ihe Irdnsacllon prlce including transacllon cts31s. Svbsequ&nlly, they ar8 measured al amortised cost using the effective inleresl rate melhod. less impa¥menl. If an arrangement ¢onslilules a finance Irartsaction il 1$ measured al the present value. Volunteer help The value ol any voluntary help received is not induded N) the ace£Mmts t)ul is described In th8 Report ol the Dlreclorgl TNstees. Opèratlng leases The rentals payable on operating leasas ar8 d￿rged on a strai￿t Ilne basis over Ihe lease lemi. Crlllcal accounllng ostlmates and Judgements To be able lo propare financial 51alemenls in accordance with FRS 102, the charity musl make certaln estimBles and judgemenls that have an impacl on Ihe policies and Ihe amounl raportod in th8 amual aCcLX￿tS. The oslimales and judg&ments are based on historical experlences and other factor5 including expectations ol lulure events that are believed to be reasonable al th& lime such esttmales and judgements are madg. 19 WEST BROMWICH AFRICAN CARIBBEAN RESOURCE CENTRE NOTES TO THE FINANCIAL STATEMENTS Contd. for the year ended 31 March 2024 Restricted Funds 2024 Unrestrlcted Funds 2024 Total Funds 2024 Total Funds 2023 Note 2. Income from Charltable Actlvllles 2a Health & Well 8elng Dlvislon Extend Class income 3.429 3.429 2,308 Sapphlre servlce 42,356 22.961 14.119 56,475 22.961 57,510 Domgnlla Project Sandw6N Health Inequality Prwamn The Eveson TnJs1 12,044 15.292 15,292 13.654 30,000 Cat6rlng and Day Cara S8rvlcè8 Salas ol meals and kitchén facilllles 33.S89 33.589 31.617 Other income 4,281 4.281 1,851 Day Caré Conlracl Spo¢ial Carers Grants J.253 21,537 71.T90 71,062 10.000 10.000 10,000 Other Grants 2,626 170,862 76,955 247,817 202,672 2b ACRC Home Carè Dlvlslon Sale ol Home Care services Spol Purchas8S 131.229 131.229 99,080 Childrens S6rvic8S 82,279 82,279 32.432 Honie Car8 Prlvale Cllents 722.025 722.025 669,323 935,533 935,533 800,63S 20 WEST BROMWICH AFRICAN CARIBBEAN RESOURCE CENTRE NOTES TO THE FINANCIAL STATEMENTS Contd. for the year ended 31 March 2024 Restricted Funds 2024 Unrestricted Funds 2024 Total Funds 2024 Total Funds 2023 2¢ Maln Contrè Dlvlsion Main VolLinlary Sector Granl 113.118 113,118 113,118 Donations and other income 24.336 24,336 2,362 Jagu31 Land Rover IJLR) 5.400 5.400 Classes and Room Hlre 9,411 9.411 13,208 Startin9 well 11,014 Compassionate communities Management sUPPOrt char9es (6.699) 16,699) 18.692 85,000 85.000 82.554 Club Carib income 49,142 49,142 49.462 1.299 281,007 279.708 290.410 21 WEST BROMWICH AFRICAN CARIBBEAN RESOURCE CENTRE NOTES TO THE FINANCIAL STATEMENTS Contd. for the year ended 31 Mar¢h 2024 R¢$trl¢ted Funds 2024 Unrestricted Funds 2024 Total Fund5 2024 Total Funds 2023 3 Dlr8ct charltable expendlture 3a Health and Well Being Dlvlslon Hospltal Fund Salarles 54,765 54.765 44,159 Olhfir costs 2,5 2.500 2,603 H8alth Promotlon Olh8r cosls 1.039 Cat&rlng Sorvlces and Day Car Salarlés & NIC 82.147 82.417 66,098 Food PurGhases 17,296 17.296 17.477 Transportation costs 1,009 1.009 738 Kllchen Malnlenan¢e and hire 742 742 2,219 Inlernal management charges 25.500 25.500 22,420 Other admin Gosts 75 75 9.872 Support costs an(J Flnancial mgnag8menl 25.200 25,200 21.000 136.912 72,322 209 234 187,625 22 WEST BROMWICH AFRICAN CARIBBEAN RESOURCE CENTRE NOTES TO THE FINANCIAL STATEMENTS Contd. for the year ended 31 March 2024 Ro$tricled Funds 2024 Unrestrlclgd Funds 2024 Total Funds 2024 Total Funds 2023 3b ACRC Home Care Dlvlslon Salaries & NIC 782,659 782,659 681,180 Travel & CommunicAlion Allowances 550 2,342 Consumqbles 11.135 11.135 11.398 Sothvare support Provision lor doubtful debts 3,924 5,646 5.646 5,898 Olher Dlrecl Cos15 2.633 2.633 10,231 Inlernal manag8m8nl charges Support costs and Financial managernenl 59.500 59.500 58,879 fA,800 64.800 55,000 926,923 926,923 828.852 3¢ Maln Centre Dlvlslon Salarl85 & NIC 13.766 123.890 137.656 156,727 Pensions 2,521 2.521 3,829 Other Co818 Premis8s exp8nses Ilncluding heal and lightl 75,144 75,144 39,445 Advertising Prinllng & Slalion8ry 7.783 7,783 4,404 Telephone & Postage & IT 3.822 3,822 2,818 Insurance 6.700 6.700 5,648 Equipment Hire and expensed equipment Office expenses Computer and soltware support Conlracls 4,748 4,748 1,67S 6.774 6.774 5,170 2,790 25.110 27,900 18,934 Mlscellanoous co¥1¥ 5.265 5.265 356 Travel experises 1.237 1,237 80 Governance costs 28.376 28.376 20,939 Sub8criplion8 7,741 7.741 756 Inlercompany wTil6 off Club Carib expenditure 17,9271 So,￿7 17,9271 50,907 19,4661 48,781 Special events & functions 6.140 6,140 1.531 16.556 348 231 364 787 301 627 L8s8 recharge lo projecls 90,000 90,000 76,000 16.556 258.231 274,787 225,627 Governan¢o Costs Prol8ssional fe8S 16.621 16,621 11.144 Auditors, fee 10,000 10.000 9,000 Bank Charges 1.755 1.755 795 28.376 28,376 20.939 23 WEST BROMWICH AFRICAN CARIBBEAN RESOURCE CENTRE NOTES TO THE FINANCIAL STATEMENTS Contd. for the year ended 31 March 2024 2024 2023 5. Net movement in funds for the year Tho nel movenienl in lunds for the year Is staled afier charginollGrediling)- Operating lease tsxpei)se Auditor's remuneration Local authority grants 3.440 10,000 (10.000) 6.038 9,000 {10,000} 6. Staff Costs 2024 2023 Wages and Salaries Socia5 Security Costs Pension p8ymenls 985,652 66.897 16,493 1,069.042 889,205 63,992 15,775 968,972 The average weekly number of slafl employed by the charily during Ihe year was as follows-. 2024 No. 14 2023 Adminislralive Pro5ecl Based 14 54 68 68 The number of employees whose emolumenls {excluding employer pension costs) exceeded £60,000 was.. £60.000- £70,000 Taxatlon A lax liability of £nll12023.' £354) arose in relation lo lh8 trading company. No liability lo UK corpoialion18x arose on ordln8ry aclivilies in tho Charity for the years ended 31 March 2024 and 31 March 2023. 8. Tru5te•s' Romuneratlon and Expenses No Iruslees received Temunerallon in Ihe year ended 31 March 2024 {2023.' £nlll. No Iruslee was relmburged for Iravelling expens8s in th8 year ended 31 March 202412023: £nil). 24 WEST BROMWICH AFRICAN CARIBBEAN RESOURCE CENTRE NOTES TO TPIE FINANCIAL STATEMENTS Contd. for the year ended 31 March 2024 9. Tanglblè fixad assèts for use by the Charlty Group Offlce Equlp & Vehicle Total Cost: Cost as al 1 April 2023 Additions Cost as al 31 March 2024 17.702 17,702 17,702 17.702 Dèpieclalion 88 BI 1 April 2023 Charg8 for the year Depreclalion as at 31 March 2024 16,953 528 17,481 16.953 528 17.481 Net Book Valu6 as al 31 March 2024 221 221 Nel 8ook Value as al 31 Marcl) 2023 749 749 CharSty Offlce Equlp & Vehlcle Total C051 as 1 April 2023 Addillons 16,118 16.118 Cosl as al 31 March 2024 16,118 16,118 Depreclalion as at l Apfll 2023 Charge lor the year Oepreciallon a$ 8131 March 2024 16,117 16,117 16.117 16,117 Nel Book Value as al 31 March 2024 Net Book Value as at 31 March 2023 10. liivestments Tlie charity purchased the 8nlir8 share capital of Club Carib Limiled {Company number.. 04305275}, 4 ordinary shares at £1 each al par on 17 June 2019. Club Carib Limiled's princip818clivity 15 the operalion of baf, catering and lunolion lacllilies of Wesl 8fomwich African Caribbean Resource Cenlre. 11. Debtors Group Charlty 2024 2023 2024 2023 Trade and other debtors Inlercompany Prepayments & Sundry debtors 159,158 101.905 159.158 23,601 23,474 101,905 11.687 250 23,474 250 182,632 102,155 206.233 113,842 25 WEST BROMWICH AFRICAN CAR18BEAN RESOURCE CENTRE NOTES TO THE FINANCIAL STATEMENTS Conld. for the year ended 31 March 2024 12. Bank and Cash Group Charity 2024 2023 2024 2023 Bank Accounts Petty Cash 193,985 212,098 3.386 181.917 1,693 207,821 2,460 196.603 215.484 183.610 210,281 13, Credltors., Amounts falling due In le55 than one year Group Charlty 2024 2023 2024 2023 Trade creditors Accruals PAYE Other credllors Corporation lax 24.206 69.380 13,086 32.887 14.166 69,484 12,078 33,923 819 22,884 67,075 13,086 31,392 14.166 62.429 12.078 33,923 139.￿9 130,470 134.437 122,596 14. Analy¥15 of net assgt$ between funds Othor Net Assets 2024 Total Flxed Ass8ts 2024 2024 Unrestrl¢ted Funds Goneral Fund$ 221 221 188,190 188,190 55,482 243.672 188,411 188.411 55.482 243,893 Restrlcted funds 221 15. Unre5trlGted funds Balance at 1 April 2023 Incoming Resourcès Resour¢es Expended Transfers Balancè at 31 March 2024 General funds: General fund 152.392 1.293.495 {1.257.476) 188,411 Total unro$trl¢ted funds 152,392 1.293.495 1,257.476 188,411 26 WEST BROMWICH AFRICAN CARIBBEAN RESOURCE CENTRE NOTES TO THE FINANCIAL STATEMENTS Contd. for the year ended 31 March 2024 16. Restrlcted funds Balance at 1 April 2023 Incomlng Resources Resources Expended Transfers Balanco at 31 March 2024 Day Care conlracl Special Carers gr2nl Demenlla prolect Saphire serviGes 8.152 50,2S3 {47,531) (10,000> {28,139) {42,490} 10.874 10.000 14,139 22.961 8,961 5.781 42.356 5.647 Compasslonal8 communities 6.700 (6,6991 Sandwell Health Inequallly Programme The Eveson Trust Jaguar Land Rover (JLRI 4.615 15.292 {19,907) 30,000 5.400 30,000 15.400) 39.387 169,563 153.468 55.482 27 WEST BROMWICH AFRICAN CARIBBEAN RESOURCE CENTRE NOTES TO THE FINANCIAL STATEMENTS Contd. for the ygar gnded 31 March 2024 Raslrlcted funds (Contd.) Day Care Contract To enable the cenlre lo provide a day opportunilies seNice to support African Cafibbean eklers to Promote health and wellbeing, r8duce lisk of isolalion and delay the onset of dementia 8nd physical health delerioration. Spo¢Sal Carers grant To provide a specialised Inlormalion service for carers from black and minoritis8d communittes. Dementia proJe¢t A community ¢olleclive of voluntary sector organlsats'on prowding Demenlia support infomalion and guidance in Sandwtsll aim lo improve demenlla support available. Sapphlre sorvlc88 The sapphire service seeks lo support older people in designaled hospi18ls providlng belri&nding, support wllh hydration and helping prepare them for dlscharge by organising community services #)al wlll support them when they are disch81ged. The aim is lo give a beller on ward experlenc6 which will limil Ihe lime spent in hospi181 and upon discharge givo support lo lengthen the lime between dlscharge and re.admission, thus reduclng Ihg costs to Ihe NHS. Compasslonat• ¢ommuni11o5 Rebranded from the carors bereavemenl project supporting bereaved carers in Birmlngham. Sandwell Health Inequallty Programme Idenlilles speciflc conditions that are promlnenl within Afrlcan Caribbean communi118s such as proslalg C8ncer or diabetes and provtdes specialist educalors lo dellver 4 weeks programm8 lo educate on the conditions and how to manage them. The Eveson Trust Funding to sUPPOrt people showing signs of memory k)ss and earty signs of dementia. Jaguar Land Rover IJLR) Funding Ip sUPPOrt the purchase ol specific items including CCTV monllorlng systam and ins1811ing a new 6 bumer gas cooker Ihal increased the kilchens capaclty k) producl hat meals. WEST BROMWICH AFRICAN CARIBBEAN RESOURCE CENTRE NOTES TO THE FINANCIAL STATEMENTS Contd. for the year ended 31 March 2024 17. Finance and operatlng leases Minimum lease paymenls under non-cancellable operaling18ases fall due as follows- 2024 2023 Within one year Belween on6 and five years 5,769 1,675 18, Rélated Party Transactlons Th8 company owns 100% of the shares of Club Carib Limited making il a wholly owned $ubsidlary of West 8romwlch African Caribbean Resource Cenlre. The gTOUP has lak8n 8dvanlage of the exemption in FRS 102 not lo disclose Iran5acllons And balan¢es wilh other group companies. Ther8 were no olher relal6d party transacb'ons during the year {2023'. £nil). 19. P•nslon and other post-rotlrement benellts The charitable ¢ompany makes conlribulion$ lo defined conlnbulion pers(￿al pension plans for the employees whereby paym8nls are made lo an Insurance company independ8nl from lh8 finances of Ihe charitable company. ConlTibullon$ are charged lo Ihe slatemenl of financial acllvilles as and when incurred. The charge for the year was £16,493 {2023.' £15,775). Al 31 March 2024 £3.983 {2023'. £2.903) was due lo Ihe schem8. 20. Key management Porsonnel remuneration The charily considers its key management personnel lo comprise the Trustees and Chief E¥ecullve Officer. The lolal employmenl b8n8fits, including penslon ¢onlribulions, of key managemenl personnel wer8 £64.37412023.' £60,386). 21. Re¢onclliatlon of net Income to net cash Ilow from operatlng actlvltles 2024 2023 Nel movement for the year Inleresl receivable D6precialion of tangible fix8d assets Increase In stuck Increa58 in debtors Increase in creditors 52.114 11.199) 528 11351 {80,477) 9.089 51,813 11001 528 {1,0071 (71,3541 24.213 Nfjl cash flow from operating aclivilies (20.080) 4,093 22. Control relationshlps The charlly was under the control ol ils Trustees Ihroughoul the currenl and preceding year. 23. Company Profit and Loss Account The group has taken advantage of the exemption under S408 Companie5 Act 2006 not to present Ils Indlvidual prof4t and loss accotfrnl. The profll of Ihe Indlvidual parent charitable company for Ihe financial year wa5 £53,879 (2023: E51.132). 29 WEST BROMWICH AFRICAN CARIBBEAN RESOURCE CENTRE NOTES TO THE FINANCIAL STATEMENTS Contd. for the year ended 31 March 2024 23. Prior Year Comparatives STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 March 2023 Restricted Funds 2023 Unrestrlcted Funds 2023 Total Funds 2023 Income Charltable Acllvltles Health and Wellbeing Division ACRC Home Care Division Main Centre Division TOTAL 131,200 71.472 800.835 263,675 1.135.982 202.672 800,835 290.410 1.293.917 26.735 157.935 Expenditure Charltable Actlvities Health and Wellbeing Division ACRC Home Care Dlvlslon Main Centre Division 110.257 77,368 828.852 210,081 1.116.301 187.625 828,852 225,627 1,242,104 15,546 125.803 TOTAL Net Income and movement of funds RoGonclllatlon of liind$ Total funds brought forward Total funds carrled forward 32,132 19.681 51.813 7,255 39.387 132.711 152,392 139.966 191,779 30