ALL SAINTS COMMUNrrY DEVELOPMENT COMPANY (Limited by guarantee) REPORT AND ACCOUNTS YEAR ENDED 31 MARCH 2025 Reglstered Churlty No 1095879 coNrENTS Pa8e Legal and admlnistratlve information Report of the directors Report of the independent auditors Statement of financial activities Balance sheet io Statement of cash flows Notes and accounting policles
ALL SAINTS COMMUNITY DEVELOPMENT COMPANY ILimited by guarantee) LEGAL AND ADMINISTRATIVE INFORMATION Incorporation: Company limited by guarantee on 30 July 2002 Company number: 4499211 Charlty reglstratlon: 1095879 {registerÈd on 7 February 20031 Governing bady: Board of directors (as disclosed on page 2} Reglstered office: All Saints Church Parish Office Vicarage Road Kings Heath Birmingham 814 7RA Audltors: Messrs Malcolm Wlllcox & Co ChGrtered Certified Accountants Hagley House 93 Hagley Road Ed8baston Birmingham 816 8LA Bankers: Unlty Trust Bank plc Nine Brindley Place 4 Oozells Square Birmingham BI 2HB Solicitors: KJ Conroy & Co Ltd 30 Ludgate Hill Birmingham B3 IEH
ALLSAIfft COMMUNifi DEVELOPMENTCOMPANY ILimited by guaranteel REPORTOFTHE DIREOR5 The directors present their report and the audited fEnancial statements of the chartty for the year ended 31 March 2025. The directors have adopted the provisions of ihe Statement of Recommended Practtce150RP)"A¢countit78 and ReportlnE by Charitiès" IFRS1021 In preparing the annual report and firtancial ststements of the chartty- The finan¢lal statements have been prepared in accordance with the accounting policiesset out In notes to the accounts and complywith the charit¢s governing document, the Charities Act 2011 and Accounting and Reporting by Charities- Statement of Recommended Practlce applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland Ipublishe(l in October 20191. Since the company quallfies as a small company under Section 383 of the Companles Act 2006, a strategic report is not requlred. Flnanclal result This 15 Shown in the statement of financial activitie5 on pa8e 8. Prlnclpal artlvlty The princlpal actlvlty of the companyls to carry out chaTitsble purposes for publlc benefiti Particularly for the people of the King5 Heath area of Birmlngham. Publ1¢ beneflt ak)d oblectlves Our actlvltle5 provlde publlc beneflt throu8h the provlslon of facilltles and servlces for the benefit of all local people. Our overarchln8 objectives are to: build and operate a centre for healthy Iivift8 afKI spiritual welfare at the heart of Kings Heath.. provide opportunities for ernployment and voluAteerinB- make the most of the inte8ratlon of the ran8e of facllltles on one slte: and encourage creative working between the medical certt, children's, young people's and older people's groups and the arts and educatlon programmes leadlng to a more effectlve and holistlc facllity for Kings Heath. Strurture The company Is Ilrnlted byBuarantee and. as such. has share capStal and also it Is a re8lstsred charlty. Its governin8 document Is the memorandum and artlcles of assoclatlon. GDvefflance and rnanagement The charltable company15 8overned by a board of dlrectors, who are also trustees. The board are actively seekinB recruitment of trustees with the appropriate skills. knowledge and experience. In selecting individuals for appointment a5 trustees, the trustees must have re8ard to the 5kllls, knowled8e and experlence needed for the effectlve administration of the charltable company. As part of the induction process lor a trusteo, the trustees must make available to each new trustee on hls or her appointment, a copy of the Memorandum and Articles and 3ny amendments made to It, a copy of the latest report and statement of attounts: and moreover, they should emphasize the Responsibilities of Trustees detsiled in the Report. The tlustees are all volunteers. and they delegate the dawto4ay operatlons of the company to Its stsff who are assisted, when requlred, by paid professlonal adv15ers. The trustees have examined the major strategic, business and operational risks which the MpanY frdces. and these will be kept under revlew. Dlrectorsltrustee5 The diTectors of the company and those who served during the year are as follow5: Mrs S C M Wilson- Chair & PCC Representatl¥e Mr D R Ritchie- Vice Chair MrTP Cuthbertson Mr D Chapman MrSTHems Mr B Howells
ALLSAINTS COMMUNITY DEVELOPMENTCOMPANY 1MIted by guarantee) REPORTOFTHE DIREcfoRS continued Directors responslbilltles The directors are responsible for preparing the dirertors annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. Company law requires the directors to prepare financial statements for each financial year. Under company law the trustees must not approve the ftnancial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. including the income and expenditure, of the charitable company for that period. In preparing these financial statements. the directors are required to.. Select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP 2019 IFRS1021; make ludgements and estimates that are reasonable and prudent; state whether applicable UK Accountin8 Standards have been followed. subject to any material departures disclosed and explained in the financial statements: prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operètion. The directors are responsible for keepln8 adequate accounting ocords that disclose with reasonable accuracy at any time the financial posltion of the charitable company and enable them to ensure that the financial statements comply wlth the Companies Act 2006. They are also responsible for safe8uardin8 the asset5 Qf the charitable company and hence for takln8 reasonable steps for the prevention and detection of fraud and other irregularities. Statement as to disclosure of information to auditors So for as the directors are aware. there is no relevant audit Information las defined by Section 418 of the Companies Act 20061 of which the compan¢s auditor5 are unaware, and each director has taken all the steps that he or She ought to have taken as a director in order to make hlmself or herself aware of any relevant audit information and to establish that the compan¢s auditor5 are aware of that informatlon. Audltors The auditors. Malcolm Willcox & Co, Chortered Certified Accountont5, have signified their willingness to continue In office and resolution for their re-appointment will be proposed at the annual general meetin8. Review of artivity and achlevements and perfowrnance 2024125 has been a remarkable and memorableyear in the life oftheAII Saints Community Development Company. We have at last been able to realise a major original objective of our charity, which is an entirely new set of premises for the long-standing and highly successful All Saints Youth Project. This is coupled with new facilitles for the Robin Centre lour day centre for the elderly). extended accommodation for our tenant Circu5 Mash, who train people in circus ski115 and the release of much needed space for other ASCDC purposes and the use of our parent body* All Saints Church. As reported last year. we secured a Youth Investment Fund IYIFI grant totallin8 just over £2.5 million with a completion date of 31.12.2024 extended to the end of january. Stakeholders started moving into their new premises durin8 January 2025. There wa5 a lot of disruption and inconvenience durin8 the buildin8 period and the 8oard are grateful for the goodwill and p051tivity and patience shown during this time. Notwithstanding this achievement it has been another financially challenging year for ASCDC. with costs exceeding income for the fifth successive year. This has been caused partly by cost inflation but mainly by high interest rates on our mortgages; these increased enormously over the course of 2023-24 and have stayed high during 2024-25. The café continues to run under the management of ASCDC as reported last year. The Youth Investment Fund project enabled the premises to be remodelled and improved which may allow a viable cafe to operate going forward. Durlng the development. the Centre has tontinued to run Successfully. We have maintained our tenancies and our regular schedule of activlties and events.
ALLSAINTS COMMUNITY DEVELOPMENT COMPANY (Limited by guaranteel REPORT OF THE DIRECTORS continued Review of activity and achievements and perforrnan - continued An8ela McDermott continue5 as Administrator for the Centre and Church. with an increasing workload from the YIF project; we are very grateful for her efforts. In March 2025 Nick Pear50n wa5 appointed as the new Facilities Manager 5UPPOrted by Dave Priday a5 caretaker and together they oversee the running of the site and their engagement with tenants, users of the centre and general public are much appreciated. We are also indebted to Steve Bairstow, organiser of the Farmers Market on behalf of Kings Heath Business Association who continue to generously donate all net proceeds to ASCDC. Flnancial review Overall. there were net incoming resources for the year of £2.077,450. mainly attributable to the Youth Investment Fund grant. However, there was an operating deficit on the unrestricted fund of £75.112. Future plans We are constantly seekin8 ways in which we can boost revenue and contain expenditure and plans to appoint a Centre Manager is key to this aim but interest rate movements will remain the key factor. Against that back8round. we strive to continue to serve the local community as best we can, in collaboration with our All Saints partners. In the lon8 term, eventual repayment of the mort8a8es will make an enormous difference to the finances and enable us to invest more effectively in our community 8oals, Reserves pollcy The Board Is mindful of the need to bulld a "free cash reserve" to mitigate potential financial risks arising f rom increased operating costs, particularly bank interest, building maintenance and unforeseen expenditure, and from Ios5 of rental income. Golng concern After reviewing the compan5 projertions, the Board has a reasonable expectation that the company has adequate resources to f inance its activities in the foreseeable future. Therefore, the accounts have been prepared on the golng concern basls, Principal funders Big Lottery Community Buildings Big Lottery Communityspaces Birmin8ham & District Butchers Assoclation Blrmin8ham City Council Congre8ation Donations Futurebuilder5 England Kings Heath Business Association pcc Social Investment Business Foundation- Youth Investment Fund Unlty Trust Bank Signed on behalf of the Boord LJJg_. SARAH C M WILSON Director 18 February 2026
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ALL SAINTS COMMUNITY DEVELOPMENT COMPANY (Limited byguarantee) Opinion We have audited the financial statements of All Saints Community Development Company Ithe 'charitable companVI for the year ended 31 March 2025 which comprise the statement of financial activities. balance sheet, statement of cash flows and notes to the financial statements, includin8 significant accounting policie5. The financial reporting framework that has been applied in their preparation is appllcable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Finuncit71 Reporting Standard applicable in the UK and Republic of Irelond Iunited Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: glve a true and fair view of the state of the charitable compan(s affairs as at 31 March 2025, and of its incoming resources and application of resources. including its income and expenditure, for the year then ended. have been properly prepared In accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Companies Act 2006. Basls of oplnlon We conducted our audit In accordance with International Standards on Auditing IUKI {ISAs IUKI} and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the flnancial statement5 section of our report, We are independent of the charltable company in accordance with the ethical requirements that are relevant to our audit of the flnancial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Contlusions relatlng to goins concern In auditlng the financlal statements, we have concluded that the directors use of the going concern basis of accounting in the preparation of the flnancial statements is appropriate. Based on the work we have performed, we have not identlfied any material uncertaintles relating to events or conditions that, Individually or collectively, may cast significant doubt on the charitable company's ability to contlnue as a 80ing concern for period of at least twelve months from when the financial statements are authorised for issue. Our responsiblllties and the responslbillties of the directors with respect to goin8 concem are described in the relevant sections of this report. other Information The other informatlon comprises the infomiation included in the directors annual report, other than the financial statements and our auditor'5 report thereon. The directors are responsible for the other information. Our opinion on the financial Statements does not cover the other information and. except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statement5 Qr our knowled8e obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether thi5 gives rise to a material mi55tatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothin8 to report in this re8ard.
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ALL SAINTS COMMUNfrY DEVELOPMENTCOMPANY (Limited byguarantee) Opinions on other matters prescribed by the Companies Art 2006 In our opinion, based on the work undertaken in the course ofthe audit: the information given In the directors, report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements: and the directors. report has been prepared in accordance with applicable legal requirements. Matters on which we are requlred to report by exception In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors, report. We have nothing to report In respect of the following matters in relation to which the Companies Art 2CKI6 requires us to report to you if, in our opinion: adequate accounting records have not been kept, or returns adequate for our audlt have not been received from branches not visited by us; or the financial statements are not in agreement with the accounting records and returns; or certain disclosures of directors, remuneratlon speclfied by law are not made. or we have not received all the information and explanations we require for our audlt,. or the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the Small Companies, exemptions in preparin8 the directors repoit and from the requirement to produce a strategic report, Responsibilities of directors As explained more fully in the diredors, responsibilities statement set out on page 3, the directors (who are also the trustees of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessin8 the charitable company'5 ability to continue as a going concern, disclosing, as applicable, matters related to 8oin8 concern and using the going concern basis of accounting unless the directors either intend to liquidate the charitable company or to cease operations, or have no realistlc alternative but to do so. Auditors responsibilities for the audlt of the financlal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISA5 IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, theytould reasonably be expected to influence the economic decisions of u5erstaken on the basis of these financial statements.
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ALL SAINfs COMMUNtrY DEVELOPMENT COMPANY (Limited by guarantee) Audltors responsibilitie5 for the audit of the financial statements - continued Irregularities, including fraud, are instances of non-compliance with laws and regulations. We desi8n procedures in line with our responsibilities. outlined above. to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We assessed the risks for susceptibility of the companvs financial statements to material misstatement, includin8 how fraud might occur by discussion with management and considered the procedures and controls that the company has established to prevent and detect fraud, and how these are monitored by mana8ement. Based on our understandlng, we designed our audit procedures to respond to these risks and to obtain audit evldence that is sufficient and appropriate to provide a basis for our opinion, and to identify any non-compliance with laws and regulation5 identified in the para8raph above. Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulations. This risk increase5 the more that compliance with a law or regulation is removed from the events and transactions reflected in the financlal statements, as we will be less likely to become aware of instances of non<ompliance. The risk is also greater regarding irre8ularities occurring due to fraud rather than error, a5 fraud involves intentional concealment, forgery, colluslon, omission or misrepresentation. A further descriptlon of our responsibilities for the audit of the financial statements Is located on the Financial Reportin8 Council'5 website at.. www.frc. auditorsres onsibilities. This description form5 part of our auditor's report. Use of our report Thls report Is made solely to the directors/trustees of the charitable company, as a body. In accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might State to the charitable company's directors/trustees those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and Its directorsltrustees, as a body, for our audit work, for this report, or for the opinions we have formed. Malcolm H J Willcox FCCA Senior Statutory Auditor For and on behalf of Malcolm Willcox & Co ChGrtered Certified Accountant5 and Statutory Auditor5 Birmingham 19 February 2026
ALL SAINTS COMMUNITY DEVELOPMENT COMPANY (Limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2025 Designated Fund Capital Development Restricted Funds Unre5trirted Funds 2025 Total 2024 Total Notes INCOME Grants- Youth Investment Fund Donatlons and legacies Rent, seiCe charges and room hlTe Sncome Investment income Mlscellaneous income Community Cafe 2,422,843 645 2,422.843 5,173 198,541 8,294 4.528 297,941 1.822 957 34.660 297,941 L822 957 34,660 302,918 1,918 475 20,936 Total Income 2,423,488 339,908 2,763,396 533,082 EXPENDITURE Charitable attlvltles 1 270.9261 1 415.0201 1 685,9461 { 439A39} Net incomelexpenditure 2,152.562 { 75,1121 2,077,450 93,643 Balances broughi forward 40.000 88S,341 1,532,563 2A57,904 2,364,261 Funds carried forward 40,000 3,037,903 1.457.451 4,535,354 2,457,904 All income and expendlture relate to continuing operatlons. and there were no other gains or losses for the year. The note5 on pages 11 to 17 form part of these flnanclal 5tstements.
ALL SAINTS COMMUNITY DEVELOPMENT COMPANY ILimited by guarantee) BALANCE SHEET 31 MARCH 2025 2025 2024 Notes TANGIBLE FIXED ASSETS 5,770,479 3,654,044 CURRENT ASSETS Debtors Cash at bank and in hand 71,404 456,993 38.445 139,318 528,397 177,763 CREDITORS -fvlling due within one year.. 1622.493) 1151,516) NET CURRENT LIABILITIES/AssErs { 94,0961 26,247 5,676,383 3,680,291 CREDITORS -follin9 due ofter one yeor.. Bank loan (secured) Other loans 844.358 296,671 901,016 321,371 19) {1,141,029} 11,222,387) 4,535,354 2,457,904 Represented by ACCUMULATED FUNDS Community- Unrestricted fund Big Lottery- Restricted fund Kin85 Heath 1000- Re5trlcted fund Sustainability grant- Restricted fund Capital development- De5i8nated fund Youth Investment Fund- Restricted fund iio) 1,457,451 666,003 16,630 7.300 40,000 2.347.970 1,532,563 684,344 15,985 7,300 40,000 177,712 4,535,354 2,457,904 These financial statement5 have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies. Approved on 18 February 2026 and signed on behalf of the Boord by IJ J3 SARAH C M WILSON Director
ALL SAINTS COMMUNITY DEVELOPMENT COMPANY (Limited by guarantee) STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2025 2025 2024 Net cash inflow from operating activities 2,705,132 318,722 Cash flow from Investlng actlvlties Acquisition of tangible fixed assets Interest received {2,220,7361 1,822 1 173,8621 1,918 Net cash flow from investing artivities (2,218,914) 1171,9441 Cash flow from financlng actlvltles Repayment of loans Interest paid 167,3261 1101,217) 154,557} 1106,9171 Net cash flow from flnanclng actlvltles 1168,5431 {161,4741 Increaseldecrease in cash at bank 317,675 114,6961 Cash at bank and In hand at l Aprll 2024 139,318 154,014 Cash at bank and in hand at 31 March 2025 456,993 139,318 Bank deposit accounts Bank current accounts Cash in hand 64,994 391,969 30 63.059 76,092 167 456,993 139,318 Reconclllatlon of net income to net cash inflow from operating activities Net income Depreciation charges Increase in debtors Increase in creditors Investment income Interest payable 2,077,450 104,301 ( 32,959) 456.945 1,822) 101,217 93,643 102,848 1 14,8561 32,088 1,9181 106,917 Net cash inflow from operating activitie5 2.705,132 318,722 io
ALL SAINTS COMMUNITY DEVELOPMENTCOMPANY (Limited by guarantee) NOTES AND ACCOUNTING POUCIES YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basls of preparatlon The financial statements have been prepared in accordance with the Companies Act 2006 and Accounting and Reporting by Charities: Stotement of Recommended Prortice ISORPI and the Financial Reportlng Standard 102 IFRS1021, issued In Ottober 2019- also known as the Charities SORP IFRS102). All Saints Community Development Company meets the definÈtion of a public benefit entlty under FRS102. Assets and Ilabllltles are Inltlally recognised at hlstorlcal cost ortransactlon value unless othenvise stated in the relevant accountlng policy. Ibl Judgement5 and key sources of estimatlon uncertalnty The preparation of the financial statements requires management to make judgements, estlmates and assumptions that affect the amounts reported. These estlmates and judgements are contlnually reviewed and are based on experlence and other factors. includin8 expectations of future Èvents that are believed to be reasonable under the circumstances. Icl Going concern The flnancSal statements have been prepared on a going concern ba515 a5 the directors believe that they have reasonable expectation that the charitsble cornpany has adequate resources to finance its actlvltles In the foreseeable future. {dl Fund accountlng Cl Unrestricted funds represent Income generated for the furtherance of the charitable objects wlthout speclfied purpose and are available as general funds. Restrlcted funds can only be used for partlcular restrkted purposes wlthin the charitsble objects. Designated funds comprlse unrestrlcted funds Set aslde for speclflc purposes. lel Tan8lble flxed assets and depreclatlon Lon8 leasehold property is stated at cost, includlng professional and legal fees directly attrlbutable to the condition of the asset, and depreclatlon Is charged when the property Is complete and fully operational. The annual depreclatlon rates are: Long leasehold property Computerequlpment Furniture and equipment Kltchen and catering equlpment Storage units straight-line reducing balance reducin8 balance reducing balance reducin8 balance 33.3% 20% 20% 20% Debtors Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid after taking into account any settlement discounts avallable. Igl Creditors Credltors are recognlsed where the charity has a present obligation resulting from a past event that will probably result in a payment to a third party and where the amount of the obligation can be measured or estimated reliably. Ihl Income recognition All income is included in the accounts when: the Charity is entitled to the income; any related performance conditions have been met or are fully within its control; the income is considered probable; and the amount can be measured reliably. Grant income relatin£ to future accounting periods is deferred until those periods. li
ALL SAINTS COMMUNITY DEVELOPMENT COMPANY (Limited by gLtaranteel NOTESAND ACCOUNTING POLICIES - Contlnued YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIE5 - Continued Expenditu recognition All expenditure is acco¥Jnted for on an accruals basis. and has been classified under headings that aggregate all costs related to the cate80ry. It is recognized where: the is a legal or constructive obligation to make payrnents to third parties,. it is probable that settlement wlll be required- and the amount of the obligation can be measured reliably. Expenditure relates to charitable activities. ui Operating leases Rentals payable under operating leases are charged to revenue on a stralght-llne basis over the tefm of the contracts. Ikl Taxation The company Is not liable to United Kingdom corporation tax because of Its charltable status. Flnanclal Instruments The charity has financial assets and financial Ilabilities of a kind that qualffy as baslc financlal instruments, and these are recognlsed at transartlon value. Im) Penslon costs The company operates a defined contribution scheme for the benefit of the employees eli8lble to partlclpate. Contributions are char8ed annually to revenue, and the assets of the penslon scheme are invested externally and managed by an Insurance company. Inl Donatlons In klnd Flxed asset donations in kind are recoenised when receivable and are included at falr value. 12
ALL SAINTS COMMUNrrY DEVELOPMENTCOMPANY {Limited by guarantee) NOTES AND ACCOUNTING POLICIES Continued YEAR ENDED 31 MARCH 2025 2025 2024 EXPENDITURE Staff costs: Salarlès and wages National insurance Penslon contributions 33.339 1,494 31,368 1,957 652 35,333 33.977 other overheads: Legal and professional fees Accountlng seNlces Adrninistration a5515tance Audit fee Printing, Stationery and computer tonsumables Telephone and postage Sundrles and cleanln8 Depreciation Repairs and consumables Market and hire costs Rates and Insurance Bank and other interest Bank charges Heat and light Advertisin& marketing and events Equlpment leasln8 Café- purchases for resale Café- contract labour IT support costs 3,234 4,440 750 4,200 431 5,800 1.470 1,121 8,409 84,464 67,677 655 21,720 106,917 500 30,604 968 10,655 7.484 10,120 2,304 6,540 3,152 1,707 8,181 85,960 60,195 26,134 101.207 805 50,127 376 10,514 14,004 2,271 379,687 366,249 Total unrestrirted funds expenditure 415,020 400,226 Restricted fund Èxpendlture: Depreciation site securltV* malntenance and other costs Disruptlon costs Project management Costs Staff costs: Salaries Natlonal insuiance Pension contrlbutlons 18,341 1384 14,237 31,680 18,384 6,241 3,473 11,115 192,899 8,851 2.534 Total restricted funds expendIre 270,926 39,213 Totsl eypendlture 685,946 439,439 The above expenditure includes support and governance costs a5 follows.. Support cost5: Staff and related costs Other overheads 35,333 97,467 33.977 96,348 132,8110 130,325 Govemance cos. Audit fee 6,540 13
ALL SAINTS COMMUNITY DEVELOPMENT COMPANY (Llmlted by guarantee) NOTESAND ACCOUNTING POLICIES - Continued YEAR ENDED 31 MARCH 2025 2025 2024 NET INCOME This 15 stated after charging: Depretiation Audltors remuneratlon Salaries and waEe5 Socia1 securlty costs Other pension costs 104,301 6,540 226,238 10,345 3,034 102.848 5,800 31,368 1,957 652 srAFF Number Number Average weekly number of employees during the year were.. Full-time Part-time 13 The above fi8ures do not Include the dlrectorsltrustees. who recelved no remuneratlon, and represent the key personnel. No employees recelved emoluments of more than £60.000, and no key management personnel were employed. TANG18LE FIXED ASSETS Kitchen. Catering and Storage Equipment Furniture & Equipment Long Leasehold Property Computer Equlpment Total C05t: At l April 2024 Addltions Disposals 43.447 9,378 ii.oooi 73,547 3,100 4,981,862 2,206,914 10.833 1,344 5,109,689 2,220,736 I 11,0001 At31 March 2025 41.825 76.647 7.188,776 12,177 7,319.425 Depreclation: At l Aprll 2024 Charge for year On disposals 36.245 3.315 I li.(M)01 58,997 3,529 1,351,985 96,203 8.418 1,254 1,455,645 104,301 11,0001 At 31 March 2025 28,560 62.526 1.448,188 9,672 1,548,946 Net book values: At 31 March 2025 13.265 14,121 5.740.588 2,505 5,770,479 At 31 March 2024 7.202 14,550 3.629.877 2,415 3,6S4,044 Capital expenditure contracted for, but not provided in the accounts was £Nil12024- £2,204,486). 14
ALL SAINTS COMMUNITY DEVELOPMENT COMPANY (Limited by guaranteel NOTES AND ACCOUNTING POLICIES - Continued YEAR ENDED 31 MARCH 2025 2025 2024 DEBTORS-folling due within one yeor.. Operating debtors Prepayments Value added tax 30.971 2.813 37,620 26.339 5.490 6,616 71,404 38,445 CREDITORS-Jolling due within one year Operatlng creditors Grant repayable Deferred income Accrued expenses Other creditors Bank loan (note 81 Other loans (note 91 39,479 470,833 21,895 13,037 250 52,858 24,141 48,989 21,586 17,499 475 41,917 21,050 622,493 151,516 BANK LOAN The bank loan is secured by a first fixed legal charge over the property and fixed and floating charges over all the other assets of the company in favour of the Unity Trust 8ank Plc,. both charges were dated 4 December 2006. The term ol the refinonced loan is now 7 years from the date of drawdown113 September 20211 at a current variable rate of interest of 3.25% over the Bank of En8land Base Rate, but with a repayment profile of 15 years, and on that basis the amount currently due after 5 years is £588,92412024- £692,874). Amounts due within one year 2025 2024 Amounts due after one year 2025 2024 OTHER LOANS Futurebuilders England loan I (secured) Futurebuilders England loan 2 {secured) Futurebuilders England loan 3 {securedl 4,901 8,599 10.641 4,295 7,458 9,297 53,857 117,715 125,099 58,862 126,531 135,978 24,141 21.050 296,671 321,371 Notes: The loans from Futurebuilders England are secured by a legal charge (dated 21 Ottober 20081 over the land used for Phase 2 ofthe development. All three loans are repayable over 25 years. The repayment of loan I commenced on l June 2010 and an additional repayment of£292.696 was made on l February 2012. The repayments on loans 2 and 3 commenced on l May 2012. The interest rate is 3Yo over the Bank of England Base Rate. The amount currently due after 5 years on these loans and based on the current rate of interest is £180.80812024- E217,519). There is a further legal chafge in favour of Birmingham City Council (dated 10 March 2011) over certain leasehold property, as security for grant funding. 15
ALLSAINTS COMMUNITY DEVELOPMENTCOMPANY (Limited by guarantee) NOTES AND ACCOUNTING POLICIES - Continued YEAR ENDED 31 MARCH 2025 io MOVEMENT IN FUNDS At l April 2024 Incoming Resources Outgoing Resources Fund Tran5fer5 At 31 March 2025 Unrestricted funds CommunÉty buildin85: Capitsl 683,056 1 29,2441 653,812 Revenue 655.437 338.475 415.0201 34.032 612.924 Village SquaTe capitsl 81rmlngham & District Butchers Association 170,923 4,5891 1991 166,334 3.373 3,174 Tenants repairs sinking 19.774 1,433 21,207 Totsl Communlty funds 1,532.563 339.908 { 415,0201 1,457,451 Restrlrted funds Blg Lottery Grant 680,463 { 18.0921 662,371 Big Lottery Capitsl Grant revenue 3,881 2491 3,632 Klngs Heath 1000 Sustainability grant Youth Investment Fund 15,985 645 16,630 7,300 7,300 177,712 2.422,843 252.5851 2,347,970 Total Restricted funds 885.341 2,423.488 1 270,9261 3,037,903 nated fund Capltal development 40,tyJO 40,000 Total fund5 2,457,904 2.763,396 1 685.946) 4,535,354 Anal si Capltal funds.. Communlty buildin85 Vlllage Square Designated fund: Capital development 1,236,360 3,369,108 498,941 485,760 40,000 40,000 Revenue funds: Communfty-general 655.437 612,924 Big Lottery- Community 8uildingsSupporting Change Kings Heath 1000 3,881 3,632 15.985 16.630 Su5tsinability grant 7.3iXJ 7.300 2,457.904 4,535,354 16
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