2022-03-31-accounts - All Saints Community Development Company

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1				Legal and administrative information
2	-		4	Report of the directors
S	-		7	Report ofthe independent auditors
B				Statement of financial activities
9				Balance sheet
10				Statement of cash flows
11		-	17	Notes and accounting policies

Incorporation:	Company limited by guarantee on 30 July 2002
Company number:	4499211
Charity registration:	1095879 (registered on 7 February 2003)
Governing body:	Board ofdirectors (as disclosed on page 2)
Registered office:	All Saints Church Parish Office
	Vicarage Road
	Kings Heath
	Birmingham
	B14 7RA
Auditors:	Messrs Malcolm Willcox & Co
	Chartered CertifiedAccountants
	Hagley House
	93 Hagley Road
	Edgbaston
	Birmingham
	BiG 8LA
Bankers:	Unity Trust Bank plc
	Nine Brindley Place
	4 Oozells Square
	Birmingham
	Bi 2HB
Solicitors:	K J Conroy & Co Ltd
	30 Ludgate Hill
	Birmingham
	B3 1EH

BALANCE SHEET 31 MARCH 2022
					2022			2021
			Notes	£		£	£		£
TANGIBLE FIXED ASSETS			(S )			3,680,821			3,781,391
CURRENT ASSETS
Debtors			(6)	50,298			36,966
Cash at bank and in	hand			163,296			235,287
				213,594			272,253
CREDITORS -falling	due within one year:
Operatingcreditors				3,096			10,907
Othercreditors and	accrued expenses			70,930			73,462
Bank loan (secured)			(7)	50,100			66,063
Other loans			(8)	41,227			52,058
Value added tax				12,541			15,233
Deferred income				7,300			7,300
				185,194			225,023
NET CURRENT ASSETS						28,400			47,230
						3,709,221			3,828,621
CREDITORS -falling	due afterone year:
Bank loan (secured)			(7)	964,307			1,024,833
Other loans			(8)	358,936			396,317
						(1,323,243)			(1,421,150)
						2,385,978			2,407,471
Represented by
ACCUMULATED FUNDS
Community— Unrestricted fund			(9)			1,542,135			1,545,470
Big Lottery — Restricted fund			(9)			721,167			739,673
Kings Heath 1000—	Restricted fund		(9)			15,376			15,028
Sustainability grant	—	Restricted fund	(9)			7,300			7,300
Capital development		— Designated fund	(9)			100,000			100,000
						2,385,978			2,407,471

STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2022
			2022			2021
			£			£
Net cash inflow from operating activities			96,806		168,614
Cash flow from investing activities
Acquisition oftangible fixed assets		(	2,875)			-
Interest received			80			152
Net cash flow from investing activities		(	2,795)			152
Cash flaw from financing activities
Repayment of loans Interest paid	(1,163,451) ( 41,301)			( (	113,839) 31,230)
New loan received		1,038,750				-
Net cash flow from financing activities	(	166,002)		(	145,069)
Decrease/increase in cash at bank	(		71,991)			23,697
Cash at bank and in hand at 1 April 2021		235,287			211,590
Cash at bank and in hand at 31 March 2022		163,296			235,287
Bank deposit accounts		120,114			153,351
Bank current account			43,090			81,763
Cash in hand			92			173
			163,296		235,287
Reconciliation of net expenditure to net
cash inflow from operating activities
Net expenditure		(	21,493)		(	10,480)
Depreciation charges			103,445			104,862
Increase/decrease in debtors		(	13,332)			26,731
Decrease/increase in creditors		(	13,035)			16,423
Investment income		(	80)		(	152)
Interest payable			41,301			31,230
Net cash inflow from operating activities			96,806			168,614

The annual depreciation rates are:
Long leasehold property	-	2%	straight-line
Computer equipment	-	33.3%	reducing balance
Furniture and equipment	-	20%	reducing balance
Kitchen and catering equipment	-	20%	reducing balance
Storage units	-	20%	reducing balance

YEAR	- u ENDED 31 MARCH 2022
			2022	2021
			£	£
2	EXPENDITURE
	Staff costs:
	Salaries and wages		6,144	2,676
	National insurance		508	3
	Pension contributions		132	-
			6,784	2679
	Otheroverheads:
	Legal and professional fees		20,738	93
	Accounting services		4,090	3,780
	Administration assistance		9,070	7,980
	Audit fee		6,000	6,100
	Printing, stationery and computerconsumables		1,874	897
	Telephone and postage		4,286	3,715
	Sundries and cleaning		8,881	6,713
	Depreciation		84,939	86,272
	Repairs and consumables		63,915	63,906
	Market and hire costs		705	520
	Rates and insurance		13,448	15,025
	Bank and other interest		41,301	31,230
	Bank charges		266	201
	Heat and light		35,335	26,674
	Bad debts recovered	(	646)	821
	Advertising and marketing		-	182
	Equipment leasing		7,499	3,991
			301,701	258,100
	Total unrestricted funds expenditure		308,485	260,779
	Restricted fund expenditure:
	Depreciation		18,506	18,590
	Total expenditure		326,991	279,369
	The above expenditure includes support
	and governance costs as follows:
	Support costs:
	Staff and related costs		6,784	2,679
	Other overheads		118,353	91,075
			125,137	93,754
	Governance costs:
	Audit fee		6,000	6,100

		2022	2021
		£	£
3	NET EXPENDITURE
	This is stated after charging:
	Depreciation	103,445	104,862
	Auditors remuneration	6,000	6,100

STAFF
	Number	Number
Average weekly number of employees during the year were:
Full-time	-
Part-time	1

		Amounts due within one year	Amounts due within one year	Amounts due after one year	Amounts due after one year
		2022	2021	2022	2021
		£	£	€	£
8	OTHER LOANS
	Futurebuilders loan 1 (secured)	5,195	4,904	66,429	71,570
	Futurebuilders loan 2 (secured)	9,017	9,178	139,908	148,562
	PCC of All Saints Church, Kings Heath	15,922	27,382	-	12,447
	Futurebuilders loan 3 (secured)	11,093	10,594	152,599	163,738
		41,227	52,058	358,936	396,317

MOVEMENT IN FUNDS
	At1 April	Incoming		Outgoing			Fund		At 31 March
	2021	Resources		Resources			Transfers		2022
	£	£		£			£		£
Unrestricted funds
Community buildings:
Capital	770,788	-		-		(	29,244)		741544
Revenue	570,069	303,709	(	308,485)			34,199		599,492
Village Square capital	184,759	-		-		(	4,626)		180,133
Birmingham & District Butchers Association	4,218	-		-		(	329)		3,889
Tenants repairs sinking	15,636	1,441		-			-		17,077
Total Community funds	1,545,470	305,150	(	308,485)			-		1,542,135
Restricted funds
Big Lottery Grant	734,739	-	(	18,092)			-		716,647
Big Lottery Capital Grant revenue	4,934	-	(		414)		-		4,520
Kings Heath 1000	15,028	348		-			-		15,376
Sustainabilitygrant	7,300	-			-			-	7,300
	762,001	348	(	18,506)				-	743,843
Designated fund
Capital development	100,000	-			-			-	100,000
	2,407,471	305,498	(	326,991)				-	2,385,978
Analysis of funds
Capital funds:
Community buildings	1,171,587								1,133,955
Village Square	538,553								525,335
Designated fund:
Capital development	100,000								100,000
Revenue funds:
Community —general	570,069								599,492
Big Lottery —
Community Buildings Supporting Change	4,934								4,520
Kings Heath 1000	15,028								15,376
Sustainability grant	7,300								7,300
	2,407,471								2,385,978