| Incorporation: | Incorporation: | Company limited |
by | guarantee | on 30July 2002 |
|---|---|---|---|---|---|
| Company | number: | 4499211 | |||
| Charity registration: | 1095879(registered | on 7 February 2003) | |||
| Governing | body: | Board ofdirectors (as disclosed | on page 2) | ||
| Registered | offic: | All Saints Church | Parish Office | ||
| Vicarage Road | |||||
| Kings Heath | |||||
| Birmingham | |||||
| B147RA | |||||
| Auditors: | Messrs Malcolm | Willcox &Co | |||
| Chartered Certified Accountants |
|||||
| Hagley House | |||||
| 93Hagley Road | |||||
| Edgbaston | |||||
| Birmingham | |||||
| B168LA | |||||
| Bankers: | Unity Trust Bank | pic | |||
| Nine Brindley Place | |||||
| 4 Oozells Square | |||||
| Birmingham | |||||
| Bl2HB | |||||
| Solicitors: | KJConroy &Co Ltd | ||||
| 30Ludgate Hill |
|||||
| Birmingham | |||||
| B31EH |
| Designated | ||||||||
|---|---|---|---|---|---|---|---|---|
| Fund | ||||||||
| Capital | Restricted | Unrestricted | 2023 | 2022 | ||||
| Development | Funds | Funds | Total | Total | ||||
| Notes | f | f | f | f | E | |||
| INCOME | ||||||||
| Donations and legacies | 59,580 | 59,928 | 7,291 | |||||
| Rent, service charges and | ||||||||
| room hire income | 296,312 | 296812 | 297,219 | |||||
| Investment Income |
1,395 | 1,395 | 80 | |||||
| Miscellaneous Income |
2,535 | 2,535 | 908 | |||||
| Community Cafe |
3,746 | 3,746 | ||||||
| Total income | 348 | 363,568 | 363,916 | 305,498 | ||||
| EXPENDITURE | (2) | |||||||
| Charitable activities |
( | 18,439) | (367,194) | (385,633) | (326,991) | |||
| Net expenditure | (3) | ( | 18,091) | ( | 3,626) | ( 21,717) | ( 21,493) | |
| Balances brought forward | 100,000 | 743,843 | 1,542,135 | 2,385,978 | 2,407,471 | |||
| Funds carried forward | 100,000 | 725,752 | 1,538,509 | 2,364,261 | 2,385,978 |
| BALANCE SHEET 31MARCH 2023 |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||||
| Notes | |||||||||||
| TANGIBLE FIXED ASSETS | (S) | 3,583,030 | 3,680,821 | ||||||||
| CURRENT ASSETS | |||||||||||
| Debtors | ( 6 ) | 23,589 | 50,298 | ||||||||
| Cash at bank and in | hand | 154,014 | 163,296 | ||||||||
| 177,603 | 213,594 | ||||||||||
| CREDITORS -falling | due within one | year: | |||||||||
| Operating creditors |
6,544 | 3,096 | |||||||||
| Other creditors and | accrued | expenses | 30,812 | 70,930 | |||||||
| Bank loan (secured) | (7) | 34,659 | 50,100 | ||||||||
| Other loans | (8) | 24,215 | 41,227 | ||||||||
| Value added tax | 11,805 | 12,541 | |||||||||
| Deferred income | 7,300 | 7,300 | |||||||||
| 115,335 | 185,194 | ||||||||||
| NET CURRENT ASSETS | 62,268 | 28,400 | |||||||||
| 3,645,298 | 3,709,221 | ||||||||||
| CREDITORS -falling | due after one year: | ||||||||||
| Bank loan (secured) | ( 7 ) | 940,962 | 964,307 | ||||||||
| Other loans | ( 8 ) | 340,075 | 358,936 | ||||||||
| (1,281,037) | (1,323,243) | ||||||||||
| 2,364,261 | 2,385,978 | ||||||||||
| Represented by |
|||||||||||
| ACCUMULATED FUNDS |
|||||||||||
| Community —Unrestricted | fund | (9) | 1,538,509 | 1,542,135 | |||||||
| Big Lottery —Restricted fund | (9) | 702,728 | 721,167 | ||||||||
| Kings Heath 1000-Restricted fund | (9) | 15,724 | 15,376 | ||||||||
| Sustainability grant |
—Restricted | fund | (9) | 7,300 | 7,300 | ||||||
| Capital development | —Designated | fund | (9) | 100,000 | 100,000 | ||||||
| 2,364,261 | 2,385,978 |
| YEAR ENDED 31MARCH | 202 | 3 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||||
| E | E | |||||||||
| Net cash inflow from operating | activities | 144,006 | 96,806 | |||||||
| Cash flow from investing | activities | |||||||||
| Acquisition oftangible fixed |
assets | ( | 6,483) | ( | 2,875) | |||||
| Interest received | 1,395 | 80 | ||||||||
| Net cash flow from investing | activities | ( | 5,088) | ( | 2,795) | |||||
| Cash Row from financing | activities | |||||||||
| Repayment of loans |
( | 74,659) | (1,163,451) | |||||||
| Interest paid |
( | 73,541) | ( | 41,301) | ||||||
| New loan received | 1,038,750 | |||||||||
| Net cash flow from financing | activities | ( | 148,200) | ( | 166,002) | |||||
| Decrease in cash at bank | ( | 9,282) | ( | 71,991) | ||||||
| Cash at bank and in hand | at | 1 | April | 2022 | 163,296 | 235,287 | ||||
| Cash at bank and in hand | at | 31March 2023 | 154,014 | 163,296 | ||||||
| Bank deposit accounts | 121,707 | 120,114 | ||||||||
| Bank current account | 32,140 | 43,090 | ||||||||
| Cash in hand | 167 | 92 | ||||||||
| 154,014 | 163,296 | |||||||||
| Reconciliation ofnet expenditure |
to net | |||||||||
| cash inflow from operating | activities | |||||||||
| Net expenditure | ( | 21,717) | ( | 21,493) | ||||||
| Depreciation charges |
104,274 | 103,445 | ||||||||
| Decrease/increase in debtors |
26,709 | ( | 13,332) | |||||||
| Decrease in creditors | ( | 37,406) | ( | 13,035) | ||||||
| Investment income |
( | 1,395) | ( | 80) | ||||||
| Interest payable | 73,541 | 41,301 | ||||||||
| Net cash inflow from operating | activities | 144,006 | 96,806 |
| Tangible fixed assets an | d depreciation | d depreciation | d depreciation | |||
|---|---|---|---|---|---|---|
| Long leasehold property |
is stated at cost, including professional and |
legal fees directly attributable | to the condition | of | ||
| the asset. | ||||||
| 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 | 209f | reducing | balance | |||
| Storage units | 20% | reducing | balance |
| D ACCOUNTING POLIC ED 31MARCH 2023 |
IES - Continued | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| E | E | |||
| EXPENDITURE | ||||
| Staff costs: | ||||
| Salaries and wages | 16,795 | 6,144 | ||
| National insurance |
1,602 | 508 | ||
| Pension contributions | 383 | 132 | ||
| 18,780 | 6,784 | |||
| Other overheads: | ||||
| Legal and professional | fees | 15,285 | 20,738 | |
| Accounting services |
4,230 | 4,090 | ||
| Administration assistance |
8,129 | 9,070 | ||
| Audit fee | 5,900 | 6,000 | ||
| Printing, stationery and computer consumables |
1,608 | 1,874 | ||
| Telephone and postage |
1,275 | 4,286 | ||
| Sundries | 1,427 | 942 | ||
| Cleaning and cleaning materials | 9,730 | 7,939 | ||
| Depreciation | 85,835 | 84,939 | ||
| Repairs and consumables | 65,006 | 63,915 | ||
| Market and hire costs | 600 | 705 | ||
| Rates and insurance | 12,391 | 13,448 | ||
| Bank and other interest | 73,541 | 41,301 | ||
| Bank charges | 307 | 266 | ||
| Heat and light | 33,633 | 35,335 | ||
| Bad debts | 13,461 | ( | 646) | |
| Advertising, marketing |
and events | 2,372 | ||
| Equipment leasing |
8,731 | 7,499 | ||
| Cafe —purchases for resale | 534 | |||
| Cafe -contract labour | 4,419 | |||
| 348,414 | 301,701 | |||
| Total unrestricted funds expenditure |
367,194 | 308,485 | ||
| Restricted fund expenditure: | ||||
| Depreciation | 18,439 | 18,506 | ||
| Total expenditure | 385,633 | 326,991 | ||
| The above expenditure | includes support | |||
| and governance costs as follows: |
||||
| Support costs: | ||||
| Staff and related costs | 18,780 | 6,784 | ||
| Other overheads | 115,403 | 118,353 | ||
| 134,183 | 125,137 | |||
| Governance costs: | ||||
| Audit fee | 5,900 | 6,000 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| f | f | |||
| NET EXPENDITURE | ||||
| This isstated after charging: | ||||
| Depreciation | 104,274 | 103,445 | ||
| Auditors | remuneration | 5,900 | 6,000 | |
| STAFF | ||||
| Number | Number | |||
| Average | weekly number ofemployees | during the year were: | ||
| Full-time | ||||
| Part-time |
| TANGIBLE FIXEDASSETS | ||||||
|---|---|---|---|---|---|---|
| Kitchen, Catering | ||||||
| and Storage | Furniture | & | Long Leasehold | Computer | ||
| Equipment f |
Equipment f |
Property f |
Equipment f |
Total f |
||
| Cost: | ||||||
| At 1April 2022 | 43,447 | 68,002 | 4,810,150 | 7,745 | 4,929,344 | |
| Additions | 3,395 | 3,088 | 6,483 | |||
| At 31March 2023 | 43,447 | 71,397 | 4,810,150 | 10,833 | 4,935,827 | |
| Depreciation: | ||||||
| At 1April 2022 | 32,194 | 51,350 | 1,159,579 | 5,400 | 1,248,523 | |
| Charge for year | 2,251 | 4,009 | 96,203 | 1,811 | 104,274 | |
| At 31March 2023 | 34,445 | 55,359 | 1,255,782 | 7211 | 1,352,797 | |
| Net book values: | ||||||
| At 31March 2023 | 9,002 | 16,038 | 3,554,368 | 3,622 | 3,583,030 | |
| At 31March 2022 | 11,253 | 16,652 | 3,650,571 | 2,345 | 3,680,821 |
| MOVEMENT IN FUNDS |
||||||||
|---|---|---|---|---|---|---|---|---|
| At 1April | Incoming | Outgoing | Fund | At 31March | ||||
| 2022 | Resources | Resources | Transfers | 2023 | ||||
| f | f | f | f | f | ||||
| Unr estricted funds | ||||||||
| Community buildings: |
||||||||
| Capital | 741,544 | ( | 29,244) | 712,300 | ||||
| Revenue | 599,492 | 362,269 | ( | 367,194) | 34,131 | 628,698 | ||
| Village Square capital | 180,133 | ( | 4,611) | 175,522 | ||||
| Birmingham &District Butchers Association |
3,889 | ( | 276) | 3,613 | ||||
| Tenants repairs sinking | 17,077 | 1,299 | 18,376 | |||||
| Total Community funds |
1,542,135 | 363,568 | ( | 367,194) | 1,538,509 | |||
| rlcted funds | ||||||||
| Big Lottery Grant | 716,647 | ( | 18,092) | 698,555 | ||||
| Big Lottery Capital Grant revenue | 4,520 | ( | 347) | 4,173 | ||||
| Kings Heath 1000 | 15,376 | 15,724 | ||||||
| Sustalnabllity grant |
7,300 | 7,300 | ||||||
| 743,843 | 348 | ( | 18,439) | 2,264,261 | ||||
| Desi na ed fund | ||||||||
| Capital development | 100,000 | 100,000 | ||||||
| 2,385,978 | 363,916 | ( | 385,633) | 2,364,261 | ||||
| Anal isoffunds |
||||||||
| Capital funds: | ||||||||
| Community buildings |
1,133,955 | 1,096,234 | ||||||
| Village Square | 525,335 | 512,132 | ||||||
| Designated fund: |
||||||||
| Capital development | 100,000 | 100,000 | ||||||
| Revenue funds: | ||||||||
| Community —general |
599,492 | 628,698 | ||||||
| Big Lottery— | ||||||||
| Community Buildings Supporting |
Change | 4,520 | 4,173 | |||||
| Kings Heath 1000 | 15,376 | 15,724 | ||||||
| Sustainablllty grant |
7,300 | 7,300 | ||||||
| 2,385,978 | 2,364,261 |