2023-03-31-accounts - North Worcestershire Basement Projects Ltd

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			Page
Reference and Administrative Details
Report ofthe Trustees		2	to	5
Report ofthe Independent Auditors		6	to	9
Statement ofFinancial	Activities		10
Balance Sheet
Notes to the Financial	Statements	12	to	25

TRUSTEES		Mrs SM Collins	(resigned	(resigned	(resigned	13.6.22)
		Mrs EA Holmes	(resigned			13.6.22)
		Mrs SNunnerley
		Mrs JSpencer
		DLMorgan Chair		from 13.06.22
		JQ Perks, Financial		Director (resigned 13.6.22)
		Ms L J Peniston,	Chair to 13.06.22 (resigned 26.6.23)
		RMartin (resigned		13.6.22)
		Mrs M A Sherrey
		Mrs SA Walton (resigned				1.3.23)
		RN Hood
		JHanson (appointed			13.6.22)
		JMorris (appointed		13.6.22)
		EWilliams (appointed			13.6.22)
REGISTERED	OFFICE	Hanover House
		1 Hanover Street
		Br omsgrove
		Worcestershire
		B617JH
REGISTERED	COMPANY	05230659 (England		and Wales)
NUMBER
REGISTERED	CHARITY	1106209
NUMBER
AUDITORS		Curo Professional		Services Ltd, Statutory			Auditors
		Curo House
		Greenbox
		Westonhall Road
		Bromsgrove
		Worcestershire
		B604AL
SOLICITORS		mfg Solicitors
		1 High Street
		Bromsgrove
		B61 8EZ
BANKERS		Lloyds Bank pic
		112High Street
		Bromsgrove
		B618EZ

						2023	2022
				Unrestricted	Restricted	Total	Total
				fund	funds	funds	funds
			Notes
INCOME	AND ENDOWMENTS FROM
Donations	and legacies			54,305	2,534	56,839	35,273
Charitable	activities
To provide	support to	young people who are in
ci'isis					235,231	235,231	330,259
Other trading activities Investment income Other income				224 3,132 741		224 3,132 741	6,990 2,476 292
Total				58,402	237,765	296,167	375,290
EXPENDITURE ON
Charitable	activities
To provide	support to young people who are in
crisis				84,517	297,760	382,277	362,059
NET INCOME/(EXPENDITURE)				(26,115)	(59,995)	(86,110)	13,231
RECONCILIATION		OF FUNDS
Total funds	brought forward			242,566	216,548	459,114	445,883
TOTAL FUNDS CARRIED FORWARD				216,451	156,553	373,004	459,114

Balance Sheet
31March 2023
				2023	2022
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
	Notes				E
FIXEDASSETS
Tangible assets	12	3,147		3,147	1,237
CURRENT ASSETS
Debtors	13	11,936		11,936	13,959
Cash at bank and in hand		213,645	156,553	370,198	462,659
		225,581	156,553	382,134	476,618
CREDITORS
Amounts falling due within one year	14	(12,277)		(12,277)	(18,741)
NET CURRENT ASSETS		213,304	156,553	369,857	457,877
TOTAL ASSETSLESSCURRENT
LIABILITIES		216,451	156,553	373,004	459,114
NET ASSETS		216,451	156,553	373,004	459,114
FUNDS	16
Unrestricted funds				216,451	242,566
Restricted funds				156,553	216,548
TOTAL FUNDS				373,004	459,114

	DONATIONS	DONATIONS
			2023	2022
	Donations		55,138	35,273
	Gift aid		1,701
			56,839	35,273
4.	OTHER TRADING ACTIVITIES
			2023	2022
	Fundraising	events	224	6,990

		2023	2022
BDCDrop-in Post Covid Fund		20,000	20,000
The National Lottery Community Fund (formerly Big Lottery Fund) Awards for all NFL BDCCovid Support BDC Counselling Fund Worcestershire Children First BDCFloating Support The Eveson Charitable Trust Worcestershire Community Foundation The Grantham Yorke Trust Worcestershire Community Grant - Boldly Goes BDC - WCC Food Bank Application Station Margaret Westwood HSBC		52,514 10,000 99,643 20,000 20,000 400 1,000 6,000	10,000 106,329 9,671 4,464 1,500 99,643 15,000 9,900 15,000 3,750 1,000
The Neighbourly Foundation HAF			31,981 2,021
NFU		2,485
		3,190
		235,232	330,259
CHARITABLE ACTIVITIES COSTS
Expenditure on Charitable activities	comprises:
		2023	2022
Direct costs ofCharitable activities		294,748	197,999
Support costs:
Management Finance Governance		78,859 584 4,800	159,812 648 3,600
		84,243	164,060
Total expenditure on Charitable expenditure		378,991	362,059

Net incom	e/(expenditure) is stated aft	er chargi	ng/(crediting):
				2023	2022
Auditors'	remuneration			4,800	3,600
Depreciation - owned assets Amounts payable to auditor for other		financial	services	353 4,681	412 2,749
Operating	lease payments recognised	as an expense		12,172	12,173

The average monthly number ofemployees during the	year was as follows:
	2023	2022
Administrative	2	2
Projectworkers	7	7
Community fundraiser	1	I
	10	10
	2023	2022
Wages and salaries Social security costs Other pension costs	224,571 15,989 9,417	229,483 15,539 9,139
	249,977	254,161

for t	he Year Ended 31 March 2023	he Year Ended 31 March 2023	he Year Ended 31 March 2023	he Year Ended 31 March 2023	he Year Ended 31 March 2023	he Year Ended 31 March 2023
11.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
						Unrestricted	Restricted	Total
						fund	funds	funds
	INCOME	AND ENDOWMENTS			FROM
	Donations	and legacies				27,989	7,284	35,273
	Charitable	activities
	To provide	support	to	young people	who are
	in crisis						330,259	330,259
	Other trading activities Investment income Other income					6,990 2,476 292		6,990 2,476 292
	Total					37,747	337,543	375,290
	EXPENDITURE		ON
	Charitable	activities
	To provide	support	to young people		who are
	in crisis					29,285	332,774	362,059
	NET INCOME					8,462	4,769	13,231
	RECONCILIATION			OF FUNDS
	Total funds	brought	forward			234,104	211,779	445,883
	TOTAL FUNDS CARRIED FORWARD					242,566	216,548	459,114
12.	TANGIBLE FIXEDASSETS
								Fixtures
								and
								fittings
	COST
	At I April 2022 Additions							9,188
								2,263
	At 31 March	2023
								11,451
	DEPRECIATION
	At 1 April 2022 Charge for year							7,951 353
	At 31 March	2023
								8,304
	NET BOOK	VALUE
	At 31 March	2023
								3,147
	At 31 March	2022
								1,237

13.	DEBTORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR
			2023	2022
	Other debtors		8,304	8,304
	Prepayments	and accrued income	3,632	5,655
			11,936	13,959
14.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			2023	2022
	Social security and other taxes Other creditors		4,246	3,950 1,688
	Accruals and	deferred income	8,031	13,103
			12,277	18,741

LEASING AGREEMENTS	LEASING AGREEMENTS	LEASING AGREEMENTS
Minimum	lease payments	under non-cancellable	operating	leases fall due as follows:
					2023	2022
Within one year					12,172	1,014
Between	one and five years				7,101
					19,273	1,014

MOVEMENT IN FUNDS
			Net
			movement	At
		At 1.4.22	in funds	31.3.23
Unrestricted funds
General fund		242,566	(26,115)	216,451
Restricted funds
Private tenancy scheme Restructuring reserve Forward Housing Association Bromsgrove District Council The National Lottery Community Worcestershire County Council	Fund	3,616 1,266 100,126 (17) 28,146	5,057 (28,146)	3,616 1,266 100,126 5,040
Community Grant The Eveson Charitable Trust Garfield Weston Foundation Western Power Fund Community Lottery Emergency Fund Worcestershire Community Foundation Post Covid Fund Awards for all NLF BDC Covid Fund Uniform BDC Counselling Worcs Community Grant - Boldly goes BDC - WCC (BDCFood bank) Social Prescribing (Application Station) Margaret Westwood (Counselling) HSBC The Neighbourly Foundation -Sainsburys		841 25,000 939 228 2,262 7,919 4,029 714 708 1,060 2,358 300 2,750 1,000 31,282	15,000 (25,000) (518) (9) (1,790) (2,819) 1,805 (714) (210) (1,060) (96) (300) (2,278) (1,000) (22,153)	841 15,000 421 219 472 5,100 5,834 498 2,262 472 9,129
Grant HAF		2,021		2,021
NFU			45	45
The Grantham York Trust Co-Op client fund			657 1,000	657 1,000
			2,534	2,534
		216,548	(59,995)	156,553
TOTAL FUNDS		459,114	(86,110)	373,004

Net movement in fun	ds, inclu	n the above are as f	ollows:
			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted funds
General fund			58,402	(84,517)	(26,115)
Restricted funds
Bromsgrove District The National Lottery	Council Community	Fund	20,000 52,514	(14,943) (80,660)	5,057 (28,146)
Floating Support Reserve The Eveson Charitable Trust			20,000 20,000	(20,000) (5,000)	15,000
Garfield Weston Foundation				(25,000)	(25,000)
Worcestershire Children First			99,643	(99,643)
Western Power Fund				(518)	(518)
Community Lottery Emergency Fund Worcestershire Community Foundation Post Covid Fund			400	(9) (2,190) (2,819)	(9) (1,790) (2,819)
Awards for all NLF			10,000	(8,195)	1,805
BDCCovid Fund				(714)	(714)
Uniform				(210)	(210)
BDC Counselling Worcs Community Grant - Boldly		goes		(1,060) (96)	(1,060) (96)
BDC - WCC (BDCFood bank) Social Prescribing (Application Station) Margaret Westwood (Counselling) HSBC			6,000	(6,300) (2,278) (1,000) (22,153)	(300) (2,278) (1,000) (22,153)
HAF			2,485	(2,440)	45
NFU			3,189	(2,532)	657
The Grantham York	Trust		1,000		1,000
Co-Op client fund
			2,534		2,534
			237,765	(297,760)	(59,995)
TOTAL FUNDS			296,167	(382,277)	(86,110)

			Net
			movement	At
		At 1.4.21	in funds	31.3.22
Unrestricted funds
General fund		234,104	8,462	242,566
Restricted funds
Private tenancy scheme Restructuring reserve Lloyds Bank Foundation Forward Housing Association Bromsgrove District Council The National Lottery Community Worcestershire County Council	Fund	3,616 1,266 16,667 100,126 562 29,363	(16,667) (562) (1,217)	3,616 1,266 100,126 28,146
Community Grant Garfield Weston Foundation Western Power Fund Community Lotteiy Emergency Fund Worcestershire Community Foundation BDCDefra Fund Post Covid Fund Awards for all NLF BDC Covid Fund Uniform		1,000 50,000 1,886 228 2,840 4,225	(158) (25,000) (947) (579) (4,225) 7,919 4,030 714	842 25,000 939 228 2,261 7,919 4,030 714
BDC Counselling Worcs Community Grant - Boldly goes BDC - WCC (BDCFood bank) Social Prescribing (Application Station) Margaret Westwood (Counselling) HSBC			708 1,060 2,358 282 2,750 1,000	708 1,060 2,358 282 2,750 1,000
The Neighbourly Foundation -Sainsburys			31,282	31,282
Grant
			2,021	2,021
		211,779	4,769	216,548
TOTAL FUNDS		445,883	13,231	459,114

Comparative net movement	in fu	s, included in the ab	ove are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted funds
General fund			37,747	(29,285)	8,462
Restricted funds
Lloyds Bank Foundation Bromsgrove District Council The National Lottery Community		Fund	20,000 106,329	(16,667) (20,562) (107,546)	(16,667) (562) (1,217)
Help through Crisis Floating Support Reserve			6,400 15,000	(6,400) (15,000)
Worcestershire County Council
Community Grant				(158)	(158)
Garfield Weston Foundation				(25,000)	(25,000)
Worcestershire Children First			99,643	(99,643)
Western Power Fund				(947)	(947)
Worcestershire Community	Foundation			(579)	(579)
BDCDefra Fund				(4,225)	(4,225)
Post Covid Fund			10,000	(2,081)	7,919
Awards for all NLF			9,671	(5,641)	4,030
BDCCovid Fund			4,464	(3,750)	714
Uniform			884	(176)	708
BDC Counselling Worcs Community Grant - Boldly BDC - WCC (BDCFood bank)		goes	1,500 9,900 15,000	(440) (7,542) (14,718)	1,060 2,358 282
Social Prescribing (Application Station) Margaret Westwood (Counselling) HSBC			3,750 1,000 31,981	(1,000) (699)	2,750 1,000 31,282
The Neighbourly Foundation Grant	- Sainsburys		2,021		2,021
			337,543	(332,774)	4,769
TOTAL FUNDS			375,290	(362,059)	13,231

			Net
			movement	At
		At 1.4.21	in funds	31.3.23
Unrestricted funds
General fund		234,104	(17,653)	216,451
Restricted funds
Private tenancy scheme Restructuring reserve Lloyds Bank Foundation Forward Housing Association Bromsgrove District Council The National Lottery Community Worcestershire County Council	Fund	3,616 1,266 16,667 100,126 562 29,363	(16,667) 4,495 (29,363)	3,616 1,266 100,126 5,057
Community Grant The Eveson Charitable Trust Garfield Weston Foundation Western Power Fund Community Lottery Emergency Fund Worcestershire Community Foundation BDCDet'ra Fund Post Covid Fund Awards for all NLF Uniform Worcs Community Grant - Boldly goes BDC - WCC (BDCFood bank) Social Prescribing (Application Station) HSBC The Neighbourly Foundation - Sainsburys		1,000 50,000 1,886 228 2,840 4,225	(158) 15,000 (50,000) (1,465) (9) (2,369) (4,225) 5,100 5,835 498 2,262 (18) 472 9,129	842 15,000 421 219 471 5,100 5,835 498 2,262 (18) 472 9,129
Grant HAF NFU The Grantham York Trust Co-Op client fund			2,021 45 657 1,000	2,021 45 657 1,000
			2,534	2,534
		211,779	(55,226)	156,553
TOTAL FUNDS		445,883	(72,879)	373,004

						Incoming	Resources	Movement
						resources	expended	in funds
Unrestricted funds
General fund						96,149	(113,802)	(17,653)
Restricted funds
Lloyds Bank Foundation							(16,667)	(16,667)
Bromsgrove District Council						40,000	(35,505)	4,495
The National Lottery Community					Fund	158,843	(188,206)	(29,363)
Help through Crisis						6,400	(6,400)
Floating Support Reserve						35,000	(35,000)
Worcestershire County		Council
Community Grant							(158)	(158)
The Eveson Charitable		Trust				20,000	(5,000)	15,000
Garfield Weston Foundation							(50,000)	(50,000)
Worcestershire Children		First				199,286	(199,286)
Western Power Fund							(1,465)	(1,465)
Community Lottery	Emergency			Fund			(9)	(9)
Worcestershire Cominunity			Foundation			400	(2,769)	(2,369)
BDCDefra Fund							(4,225)	(4,225)
Post Covid Fund						10,000	(4,900)	5,100
Awards for all NLF						19,671	(13,836)	5,835
BDC Covid Fund						4,464	(4,464)
Uniform						884	(386)	498
BDC Counselling						1,500	(1,500)
Worcs Community	Grant - Boldly				goes	9,900	(7,638)	2,262
BDC - WCC (BDC	Food bank)					21,000	(21,018)	(18)
Social Prescribing (Application				Station)		3,750	(3,278)	472
Margaret Westwood	(Counselling)					1,000	(1,000)
HSBC						31,981	(22,852)	9,129
The Neighbourly Foundation			- Sainsburys
Grant						2,021		2,021
HAF						2,485	(2,440)	45
NFU						3,189	(2,532)	657
The Grantham York Trust						1,000		1,000
Co-Op client fund
						2,534		2,534
						575,308	(630,534)	(55,226)
TOTAL FUNDS						671,457	(744,336)	(72,879)