Registered number: 08451766 Charity number: 1107645
SANDWELL IRISH COMMUNITY ASSOCIATION (A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
SANDWELL IRISH COMMUNITY ASSOCIATION
(A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Company, its Trustees and advisers | 1 |
| Trustees' report | 2 - 6 |
| Trustees' responsibilities statement | 7 |
| Independent examiner's report | 8 |
| Statement of financial activities | 9 |
| Balance sheet | 10 - 11 |
| Notes to the financial statements | 12 - 22 |
SANDWELL IRISH COMMUNITY ASSOCIATION
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023
Trustees
Kerry Flood, Secretary Martin Prestidge Stephen Simcox Luke Cotterill Ian Cotterill Tia Hazel Chana (appointed 27 January 2022) Nicholas Bate (appointed 27 January 2022)
Company registered number
08451766
Charity registered number
1107645
Registered office
Langley Park Lodge 34 Langley High Street Oldbury B69 4SN
Chief executive officer
Chris Flood
Accountant
JMS Accountants Ltd 172 Lawnswood Road Stourbridge DY8 5LW
Bankers
Metro Bank One Southampton Row London WC1B 5HA
Page 1
SANDWELL IRISH COMMUNITY ASSOCIATION
(A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023
The Trustees present their annual report together with the financial statements of the Sandwell Irish Community Association for the year 1 April 2022 to 31 March 2023. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) as amended by Update Bulletin 1 (effective January 2015).
Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Annual report 2022-2023 Welcome to the Annual Report, of the Sandwell Irish Community Association (SICA).
Our organisation has been professionally established delivering services, supporting our local community for fifteen years. We have mentioned the impact of both Brexit and the Pandemic in previous reports. If you then add the cost-of- living pressures that are now taking place, it could provide a cocktail of disaster. Without mitigating measures or a strong board of trustees, it could be damaging. In SICA, we have both. Our board of trustees, I believe, is second to none. All of them bring knowledge and their own experience to our table and have the skill set to help us navigate these issues with confidence and surety. We are not under any illusion of the impact these three things will have long term. We expect far reaching consequences locally and beyond, but SICA has the tools and the trustees to steer a clear path and help us deliver our aims and objectives, to take the opportunity for radical and progressive change and continued support to the most vulnerable in our community, which in this day and age means everyone.
Langley Concept, 5 projects in one: Our plans around the Langley concept are beginning to take shape. The excitement with a project like this is the journey, the people you meet, the things you learn on the way. So, when SICA began this journey, it always starts with a step into the unknown. With the completion of the clock tower, it provided a boost to the project, and raise moral among locals and trustees alike. So, with this we looked at the next stage of the plan. After some discussion it was decided by Sica trustees and others to look at the restoration of the Royal Enfield Room, bringing it back into community use. However, we will continue to have a flexible attitude as far as the other aspects of the plan are concerned, and if the opportunity arises, we can quickly look at switching to that concept aspect.
All of the detail of Langley concept are available on request.
Center Outcomes achieved:
2022-23
Centre available 7 days a week 9am – 10pm
Total number of attendees for all services provided – 9,147
On-going local/user consultation / feedback or intelligence
Number of Volunteers – 100
Hours of volunteering time – 945
Services, activities and support available from other VCS partners and the council including general information
Page 2
SANDWELL IRISH COMMUNITY ASSOCIATION
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
and advice:
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Traveller support
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Chaplaincy prisoner in a foreign country support
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Warm spaces hub,
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SCVO
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Irish Passport support service
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Welfare rights support (signposting)
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Falls prevention service
We have achieved 5 of the Six Strategic SMBC expected Outcomes
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The best start in life for children and young people
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People live well and age well
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Strong, resilient communities
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A strong and Inclusive Economy
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A connected and accessible Sandwell
Break down of volunteers worked/volunteering opportunities created:
Community garden, Tuesday lunch club, cycling group, physiotherapy students, events and planning, Christmas lights, Royal jubilee event,
We have created opportunities for various age ranges to be involved with community garden and green space litter pick, we are working with young people on projects around Langley concept where they will volunteer to help with consultation process and help deliver the concept.
Youth events where they are key to the planning process. We have had numbers of volunteers to help with events throughout the year; which include Christmas lights and summer events.
As an organisation we seek pro-active working initiatives i.e. networking opportunities and collaborative working around various projects, list of working collaborations includes, Black country mental health team, Birmingham University, Solvay, SMBC, Langley traders, Can power, Canal and river trust, well life, waterside care, Wild-side project, Friends of Langley park. Sandwell Lions, Friends of Barnford park. British cycling, public health, Black Country Housing Group, each partner adds a unique strand to our working collaborations allowing for a more rounded approach to our work and project and helping form new ideas and working practice.
Summary of impact of services/support delivered over the year.
Fall prevention/ Chair based exercise: We have delivered a series of gentle exercise sessions in collaboration with Black Country Housing group in one of their sheltered accommodation scheme. It was very successful and has since led to an expansion of our health program, in which we are now; incorporated the training of Physiotherapy students from Worcester University. The health monitoring systems we use in our projects has benefited from this programme and has helped iron out some of the snags we had highlighted in earlier projects. We can now use this update system to help in future health development programmes.
Tuesday Friendship group and Extend Class: We have had increased numbers in both of these groups. The extend class has been one of the main beneficiaries to the new health monitoring system and has been usefully in supporting our users in this process. It has proved beneficial to both groups. We actively consult and engage with both sets of participants which has helped put some of their ideas into motion. These have included interactive smartboard, Christmas parties, day trips and other events.
Youth group: We work closely with a thriving young lady empowerment group, which will also benefit from the use of the new smartboard, they have a close working cooperation with SICA, who have provided various
Page 3
SANDWELL IRISH COMMUNITY ASSOCIATION
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
speakers to provide alternative details of different careers opportunities. They are also key to Langley concept as it is imperative young people have a say on their future. This working collaboration provides positive support and alternative careers advice. It already provides a positive and safe space for these young people.
Art class: SAFAL have been using Langley Lodge for 15 years and some of the student have been a part of that for the full 15 years. Due to the art course delivery change, anyone who had done more than 3 years had to stop using the class. This caused a lot of upset, as the art users commented; “it’s more than an art class it’s a friendship group.” So, we are actively looking for resources to help these students set up their own project in Langley Lodge so they can continue with their group. we see this as an important support measure to cut any isolation issues.
Mental health support: All of our services are important; but, this is one which requires a special focus. We need to actively increase and highlight mental health support for individual in our community the last few years have shown just how important this service is. It won’t get better on its own, so Sica; to try and help support and as part of Langley concept, has a plan to create a centre of excellence around mental health support in Langley. We have held conversation around this Idea and had positive feedback. We will inform on any progress.
Ukulele Class: This is a much-loved service, again based on supporting good mental health while learning and creating new friendships. It is very successful and so we are looking to support the tutor and help in expanding this service to start a new beginner’s class. We have showcased the learner’s skills at several events we have helped organise, and they always leave people with a smile.
General support: as you can imagine over the past couple of years with cost of living the ongoing impact of Covid and Brexit, the overall general support need has increased. We still receive enquiries on Irish passports, Irish Traveller support, benefit enquires, housing issues and domestic abuse to name just a few.
We have conversations around more general issues, including the state of the park and canal footways, the cleanliness of the high street and surrounding areas, and anti-social behaviour. All of these things have an impact on people’s day to day lives. These are matters that can be rectified at a local level, given the right resources. We understand the financial constraint statutory bodies are having; the third sector can be used to support these gaps with a significant savings to be made.
Performance
We have met all of our organisational performance measures and, like most other years, have exceed expectation in certain areas. As an organisation we continue to perform at levels that a group of our size should not reach. We have over a 10-year period created a sustainable plan for our organisation and the community we serve.
We continue to innervate and broaden the organisation outlook. We are exploring the opportunity to facilitate a major infrastructure project (Langley concept). We are creating new working collaborations with organisation in other part of the country by sharing our vison and promoting SICA and Sandwell.
As far as service are concerned, there is always room to expand or slightly alter that service to fit the need of the user. It does require some flexibility, but it can be achieved. We do still have some reticence from some people to engage with services, although numbers are increasing, and in certain areas there is always room for improvement.
As an organisation we can, and do identified unmet need within our community. We can provide support or we can signpost to other organisations to meet that need. This is ever changing, so we need the flexibility to vary our provision of services.
We have supported difficult cases in the past around Irish Traveller needs and some horrific domestic violence cases. In most instances, it is not a lack of unmet need; it is a lack of resources for those agencies that provide this support. But it has now become expectable for this to be the status quo, so this is the job, and you never come into work expecting the same things to happen day after day, but we always find a way forward to help and support those in need. We have been in existence for over 20 years and built a reputation for helping the most vulnerable. Our mantra is, if we can’t help, we probably know someone who can.
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SANDWELL IRISH COMMUNITY ASSOCIATION
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Over the last 12 months we have been working and are refining a system to support Falls prevention; this has worked well, and we are continuing to refine this programme and change aspects to put better monitoring systems in place this is not only good for the individual, but in the long term we are looking at a system that reduces GP time and hospital bed blocking. We are working with several other agencies to create a working modal to be shared with others.
As an organisation we try to establish and put in place innovative in our work project highlighting any good practise we put in place to share with others, from mental health support, falls prevention, and of course Langley concept which has the potential to change the face of Sandwell, by creating energy security, sustainable jobs, supporting high street regeneration, encouraging and giving entrepreneurial ideas to others.
We have shared our project and thoughts far and wide and we are building a strong consensus as to what we can achieve.
Future Plans we are quite positive about the future as we have a vison for the next ten years, but we will continue to provide our core service around health and well-being. We will increase staff numbers which in turn will help put in place the flexibility needed allowing us to continue to be adaptable and flexible to any changes while continuing to meet the needs of the community we support. we have mentioned on more than one occasion about covering the gaps in service; or, even supporting existing services which statutory agencies cover, SICA have made inroad into this, but a more in-depth discussion needs to be had. We have mentioned before the third sector who are more than capable of helping to address some if the issues we face as a community we stand ready to support.
Difficulties/problems the organisation faced during the year
The same difficulties persist, it is a lack of funding and resource which is prevalent to everyone so we continue to look at different ways of addressing these difficulties.
We are working with the council who have the own constraints to deal with but who have supported us with a funding officer which is extremely helpful.
It keeps a clear line of communication with the council and has the potential open other avenues of funding for our organisation.
Although we have a clear plan on how to implement our services, we are aware of the financial constraint we are under, this can lead to our services not being as robust or to the standard we preferer or being able to provide the service we expect; this can be frustrating but as mentioned before we continue to innervate, adapt and move on.
As over the last 20 years we find ways to continue to deliver our agenda on health and wellbeing, the external pressures bought about by Brexit, Covid, and cost of living crisis add to the difficulties that already existed with slightly more support we can contribute more to the 2030 vison of Sandwell helping to establish a healthier, vibrant and thriving economy.
Chris Flood (Ex Chair/CEO)
For and on behalf of the trustees of the Sandwell Irish Community Association
Public Benefit
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Page 5
SANDWELL IRISH COMMUNITY ASSOCIATION
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Going Concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Financial Review
Our income was £31,825 and our expenditure was £45,643. General unrestricted reserves are £11,596 and restricted funds are £2,186 so remain at an acceptable level.
Reserves Policy
The company aims to hold general (unrestricted) reserves of 3 months running costs.
Structure, Governance and Management
Constitution
Sandwell Irish Community Association is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.
Methods of appointment or election of Trustees
Sandwell Irish Community Association is governed by a board of Trustees who are elected and co-opted under the terms of the Memorandum of Association.
The Board appoint a Chief Executive to help manage the organisation along with the strategic development of the company.
Approved by order of the members of the board of Trustees on _______ and signed on their behalf by:
Luke Cotterill (Trustee)
Nicholas Bate (Trustee)
Page 6
SANDWELL IRISH COMMUNITY ASSOCIATION
(A company limited by guarantee)
STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2023
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on _______ and signed on its behalf by:
Luke Cotterill (Trustee)
Nicholas Bate (Trustee)
Page 7
SANDWELL IRISH COMMUNITY ASSOCIATION
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023
Independent examiner's report to the Trustees of Sandwell Irish Community Association ('the Company')
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2023.
Responsibilities and basis of report
As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: Dated: Melissa Smith CIMA dip MA, MAAT
172 Lawnswood Road, Stourbridge DY8 5LW
Page 8
SANDWELL IRISH COMMUNITY ASSOCIATION
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023
| Note Income from: Donations and legacies 3 Charitable activities 4 Other income 5 Total income Expenditure on: Charitable activities 6 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2023 £ 100 4,154 - 4,254 15,687 15,687 (11,433) 23,029 (11,433) 11,596 |
Restricted funds 2023 £ - 27,571 - 27,571 29,956 29,956 (2,385) 4,571 (2,385) 2,186 |
Total funds 2023 £ 100 31,725 - 31,825 45,643 45,643 (13,818) 27,600 (13,818) 13,782 |
Total funds 2022 £ - 38,412 1,500 |
|---|---|---|---|---|
| 39,912 | ||||
| 38,070 | ||||
| 38,070 | ||||
| 1,842 | ||||
| 25,758 1,842 |
||||
| 27,600 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 12 to 22 form part of these financial statements.
Page 9
SANDWELL IRISH COMMUNITY ASSOCIATION
(A company limited by guarantee) REGISTERED NUMBER: 08451766
BALANCE SHEET AS AT 31 MARCH 2023
| Note Fixed assets Current assets Debtors 10 Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds 13 Unrestricted funds 13 Total funds |
332 14,803 15,135 (1,353) |
2023 £ - 13,782 13,782 13,782 13,782 2,186 11,596 13,782 |
379 29,831 30,210 (2,610) |
2022 £ |
|---|---|---|---|---|
| - 27,600 |
||||
| 27,600 | ||||
| 27,600 | ||||
| 27,600 | ||||
| 4,571 23,029 |
||||
| 27,600 |
Page 10
SANDWELL IRISH COMMUNITY ASSOCIATION
(A company limited by guarantee) REGISTERED NUMBER: 08451766
BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2023
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on _______ and signed on their behalf by:
Luke Cotterill (Trustee)
Nicholas Bate (Trustee)
The notes on pages 12 to 22 form part of these financial statements.
Page 11
SANDWELL IRISH COMMUNITY ASSOCIATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1. General information
The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association in March 2013.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Sandwell Irish Community Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 12
SANDWELL IRISH COMMUNITY ASSOCIATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
2. Accounting policies (continued)
2.5 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.6 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.7 Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.8 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
3. Income from donations and legacies
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2023 | 2023 | 2022 | |
| £ | £ | £ | |
| Donations | 100 | 100 | - |
Page 13
SANDWELL IRISH COMMUNITY ASSOCIATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
4. Income from charitable activities
| Unrestricted funds 2023 £ Income from charitable activities - Sandwell MBC - wages - Income from charitable activities - Room hire 4,154 Income from Charitabke activities - Black Country Housing - Income from charitable activities - Sandwell MBC - Small Business Grant Fund - Income from charitable activities - Sandwell MBC - Omnicron & leisure - Income from charitable activities - HMRC CJRS - Income from charitable activities -Sandwell MBC - Prevention & Falls - Income from charitable activities - Sandwell MBC - Langley - Income from charitable activities - Black Country Consortium - Income from charitable activities - Sandwell MBC - COVID support - Income from charitable activities - SCVO - Warm Spaces - 4,154 Total 2022 21,762 5. Other incoming resources Other incoming resources Total 2022 |
Restricted funds 2023 £ 16,650 - 4,492 - 2,667 - 1,232 200 1,310 - 1,020 27,571 16,650 Unrestricted funds 2023 £ - 1,500 |
Total funds 2023 £ 16,650 4,154 4,492 - 2,667 - 1,232 200 1,310 - 1,020 31,725 38,412 Total funds 2023 £ - 1,500 |
Total funds 2022 £ 16,650 5,768 - 10,835 - 3,825 - - - 1,334 - |
|---|---|---|---|
| 38,412 | |||
| Total funds 2022 £ 1,500 |
|||
Page 14
SANDWELL IRISH COMMUNITY ASSOCIATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
5. Other incoming resources (continued)
6. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted funds 2023 £ Sandwell MBC - wages - Room hire 15,687 Black Country Housing - Sandwell MBC - Omnicron & leisure - Good Neighbours - Sandwell MBC - Prevention & Falls - Black Country Consortium - SCVO - Warm Spaces - 15,687 Total 2022 21,420 |
Restricted funds 2023 £ 16,650 - 4,492 2,667 2,167 1,232 1,218 1,530 29,956 16,650 |
Total 2023 £ 16,650 15,687 4,492 2,667 2,167 1,232 1,218 1,530 45,643 38,070 |
Total 2022 £ 16,650 21,420 - - - - - - |
|---|---|---|---|
| 38,070 | |||
Page 15
SANDWELL IRISH COMMUNITY ASSOCIATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
7. Analysis of expenditure by activities
| Sandwell MBC - wages Room hire Black Country Housing Sandwell MBC - Omnicron & leisure Good Neighbours Sandwell MBC - Prevention & Falls Black Country Consortium SCVO - Warm Spaces Total 2022 |
Activities undertaken directly 2023 £ 16,650 6,186 4,492 - 2,167 1,232 1,218 - 31,945 25,703 |
Support costs 2023 £ - 9,501 - 2,667 - - - 1,530 13,698 12,367 |
Total funds 2023 £ 16,650 15,687 4,492 2,667 2,167 1,232 1,218 1,530 45,643 38,070 |
Total funds 2022 £ 16,650 21,420 - - - - - - |
|---|---|---|---|---|
| 38,070 | ||||
Analysis of direct costs
| Wages and salaries Events Travelling Facilitators Lunches Volunteers travel & subsistence Total 2022 |
Sandwell MBC - wages 2023 £ 16,650 - - - - - 16,650 16,650 |
Room hire 2023 £ 4,790 290 12 849 103 142 6,186 9,053 |
Black Country Housing 2023 £ 4,492 - - - - - 4,492 - |
Good Neighbours 2023 £ - - - 2,167 - - 2,167 - |
Sandwell MBC - Langley lights 2023 £ 1,232 - - - - - |
|---|---|---|---|---|---|
| 1,232 | |||||
| - |
Page 16
SANDWELL IRISH COMMUNITY ASSOCIATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
7. Analysis of expenditure by activities (continued)
Analysis of direct costs (continued)
| Wages and salaries Events Travelling Facilitators Lunches Volunteers travel & subsistence Equipment Total 2022 Analysis of support costs |
Black Country Consortium 2023 £ - - - - - - 1,218 1,218 - |
Total funds 2023 £ 27,164 290 12 3,016 103 142 1,218 31,945 25,703 |
Total funds 2022 £ 24,875 300 - - 528 - - |
|---|---|---|---|
| 25,703 | |||
Page 17
(A company limited by guarantee)
SANDWELL IRISH COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
7. Analysis of expenditure by activities (continued)
Analysis of support costs (continued)
| Wages and salaries Rent and rates Electricity Repairs and maintenance Telephone Equipment rental Printing, postage, stationery Cleaning Water Sundry expenses Professional fees Computers and software Insurance Bank charges |
Total funds 2023 £ 1,530 876 2,355 1,416 1,136 3,272 603 53 340 156 585 336 1,040 - 13,698 |
Total funds 2022 £ - - 2,897 1,776 1,793 2,841 142 2 503 47 550 1,112 664 40 |
|---|---|---|
| 12,367 |
8. Independent examiner's remuneration
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Company's independent examiner for the independent | ||
| examination of the Company's annual accounts | 400 | 400 |
| Fees payable to the Company's independent examiner in respect of: | ||
| All other services not included above | 100 | 100 |
9. Trustees' remuneration and expenses
During the year, payments of £2,751 were made to Mr S Simcox for tuition of classes as part of the charities objectives. Mr S Simcox is a trustee of this charity.The trustees consider the amount charged by Mr S Simox to be less than the applicable market rate for tution. Authority for this payment is included in the charity's Articles of Association.
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SANDWELL IRISH COMMUNITY ASSOCIATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
9. Trustees' remuneration and expenses (continued)
During the year ended 31 March 2023, expenses totalling £NIL were reimbursed or paid directly to Trustee (2022 - £NIL to Trustee).
10. Debtors
| Due within one year Prepayments and accrued income |
2023 £ 332 332 |
2022 £ 379 |
|---|---|---|
| 379 |
11. Creditors: Amounts falling due within one year
| Other taxation and social security Pension fund loan payable Other creditors Accruals and deferred income |
2023 £ 553 - 300 500 1,353 |
2022 £ 1,444 105 8 1,053 |
|---|---|---|
| 2,610 |
12. Financial instruments
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 14,803 | 29,831 |
Financial assets measured at fair value through income and expenditure comprise of assets held for trading and those financial assets designated as being held at fair value through profit or loss.
Page 19
SANDWELL IRISH COMMUNITY ASSOCIATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
13. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds - all funds Unallocated amounts Restricted funds Restricted Funds - all funds Unallocated amounts Total of funds |
Balance at 1 April 2022 £ 23,029 - 23,029 4,571 - 4,571 27,600 |
Income £ 4,254 - 4,254 27,571 - 27,571 31,825 |
Expenditure £ (15,952) 265 (15,687) (29,736) (220) (29,956) (45,643) |
Balance at 31 March 2023 £ 11,331 265 11,596 2,406 (220) 2,186 13,782 |
|---|---|---|---|---|
Page 20
SANDWELL IRISH COMMUNITY ASSOCIATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
13. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds General Funds - all funds Restricted funds Restricted Funds - all funds Total of funds |
Balance at 1 April 2021 £ 21,187 4,571 25,758 |
Income £ 23,262 16,650 39,912 |
Expenditure £ (21,420) (16,650) (38,070) |
Balance at 31 March 2022 £ 23,029 |
|---|---|---|---|---|
| 4,571 | ||||
| 27,600 |
- Summary of funds Summary of funds - current year
| General funds Restricted funds Summary of funds - prior year General funds Restricted funds |
Balance at 1 April 2022 £ 23,029 4,571 27,600 Balance at 1 April 2021 £ 21,187 4,571 25,758 |
Income £ 4,254 27,571 31,825 Income £ 23,262 16,650 39,912 |
Expenditure £ (15,687) (29,956) (45,643) Expenditure £ (21,420) (16,650) (38,070) |
Balance at 31 March 2023 £ 11,596 2,186 |
|---|---|---|---|---|
| 13,782 | ||||
| Balance at 31 March 2022 £ 23,029 4,571 |
||||
| 27,600 |
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SANDWELL IRISH COMMUNITY ASSOCIATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
15. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2023 £ Current assets 12,949 Creditors due within one year (1,353) Total 11,596 Analysis of net assets between funds - prior year Unrestricted funds 2022 £ Current assets 25,639 Creditors due within one year (2,610) Total 23,029 |
Restricted funds 2023 £ 2,186 - 2,186 Restricted funds 2022 £ 4,571 - 4,571 |
Total funds 2023 £ 15,135 (1,353) 13,782 Total funds 2022 £ 30,210 (2,610) 27,600 |
|---|---|---|
Page 22