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 DIRE￿OR5 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 1￿MIted 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 compan￿5 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