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← Sandwell Irish Community Association

2024-03-31-accounts

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 2024

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 - 26

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 2024

Trustees

Kerry Flood, Secretary Martin Prestidge (resigned 16 March 2024) Stephen Simcox Luke Cotterill Ian Cotterill Tia Hazel Chana Nicholas Bate

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 2024

The Trustees present their annual report together with the financial statements of the Sandwell Irish Community Association for the year 1 April 2023 to 31 March 2024. 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 2024-2024

Chair /CEO, Foreword Chris Flood

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 Sixteen years but been in existence for Twenty-Five. as we move on for the Brexit years. There are always new challenges to face we live in an uncertain world so it more important now than ever before for communities to come together in solidarity and embrace our shared humanity I have mentioned on more than one occasion the strength and variety of our board of trustee who provide strength and leadership a strong board of trustees can make all the difference in how successful an organisation is. SICA is blessed to have the members it has guiding our organisation's path. 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 still expecting financial consequences of some sort down the line but SICA will meet this like any other challenge it has faced over the last 25 years with hope and transparency we have an organisation and trustees to help steer a steady course to deliver our aims and objectives, as mentioned before it is an opportunity to for radical and progressive change this while maintaining our core values of continued support to the most vulnerable in our community.

All of the details of Langley concept are available on request.

Center Outcomes achieved:

2023-24

Centre available 7 days a week 9am – 10pm

Total number of attendees for all services provided – 4’750

On-going local/user consultation / feedback or intelligence

Number of Volunteers – 110

Hours of volunteering time – 1’135

Services, activities and support available from other VCS partners and the council including general information and advice:

Page 2

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

We have achieved 5 of the Six Strategic SMBC expected Outcomes

  1. The best start in life for children and young people v

  2. People live well and age well v

  3. Strong, resilient communities v

  4. A strong and Inclusive Economy v

  5. A connected and accessible Sandwell v

Break down of volunteers worked/volunteering opportunities created:

Community garden, Sandwell lions, Can power youth group, Tuesday lunch club, cycling group, physiotherapy students, events and planning, Christmas lights.

There are still opportunities to be involved with community garden and green space litter pick, we are working with young people on projects to volunteer and to help with all aspects of our services and events.

We have volunteers to help with events throughout the year; which include Christmas lights and summer events Tuesday club and chair-based exercise.

We are always looking for working initiatives and networking opportunities. Collaborative working is a very important part of what we do. We have specific projects as well as general services that benefit from our volunteers' help. We have a long list of collaborations which includes, Black country mental health team, 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 are continuing to deliver this service and have; after, the success of our collaboration with Black country Housing group continued and provided the same service in collaboration with Oldbury health centre, this has proved to be very successful and has contributed to benefitting our health programme. We are sharing our health monitoring systems with others and sharing anonymised data with relevant authority to support individuals. We continue to learn and adapt this programme to update our system which will help in future health development programmes.

Tuesday Friendship group and Chair based exercise Class: decreased numbers in the Tuesday group have affected the group; this was bound to happen due to the ages of the individuals taking part. We are actively looking to support this group further and widen the promotion of the group and the benefits it provides. In contrast, The chair-based exercise class’s number has grown. This is due to working in collaboration with other organisations and getting referrals from that and word of mouth so this group is doing well. We still provide help and support to both of these groups around Christmas parties, day trips and other events.

Girls Can, Mixed Youth group, brotherhood: The young ladies empowerment groups are still going well and we're continuing to deliver a positive service to young ladies and build individual confidence in them. We briefly had another youth services amenity based here this was a young man mentoring services this is a very important provision as it provided alternatives to gangs by showing positive role models and the work they do in their

Page 3

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

communities, unfortunately the number who attended were quite low, but this is something we would like to revisit in the future as we are keen to bring back this service back and fully support when the opportunity arises. This collaboration with Can Power is very important to us here, as it provides positive support and alternative advice to young people not to preach but help them reach their own conclusion as well as providing a positive and safe space for these young people.

Art class: SAFAL even with the changes to this service it remains a strong group with a very good tutor who engages on a professional and personal level. There is a warm friendly atmosphere so it's not just a classroom to learn but a group of friends who had never met before class enjoying a service which expands the minds by lifelong learning, but we also see this as an important support measure in isolation loneliness offering an opportunity to meet new people share experience and gain new ones.

Mental health support: Of all the services we have provided over the years this is one of the most important, and as with every annual report we provide requires a special focus and mention. The need for this service around mental health support will become imperative not only to individuals but to our communities there is a constant bombardment of negativity around bad news you don’t look the right way your not one of us, no wonder bad mental health issues are on the rise we do have a plan here at SICA to create a centre of excellence around mental health support this we hope provide a template similar bespoke services in other areas.

Ukulele Class: We are blessed with tutors who have a gift to help deliver this much-loved experience, as with most of our services it provides support around good mental health life- long learning creating new friendships, a new beginners class began and has proven to be as successful as the original class, a testament to the tutor. We still have showcased the learner’s skills at local events, and still leave people with a smile.

General support: we have continued and, in some cases, increased our service delivery, there have been difficulties but we have managed to as an organisation continue to deliver on our services, the general support need has increased as it does year on year. We have been a slight decrease in enquiries on Irish passports, and Irish Traveller support; however, these things can change in an instant depending on changes to the benefit system and housing issues.

We continue to support the local council and feedback on conversations concerning local issues, the park and surrounding area, any issues on the high street including cleanliness of the surrounding areas, we highlight any anti-social behaviour we are made aware of. The third sector is an underused resource and can be used to better effect and support any gaps with significant savings to be made.

Performance

We have met all of our organisational performance measures and, and increased expectation and delivery in others. SICA continues to perform and deliver. We are continuing to create a sustainable plan for SICA and the community we serve.

We explore every opportunity to push forward our agenda around the infrastructure project (Langley concept). We are continuing to reach out to individual and like-minded organisations to work in collaborations while promoting SICA and Sandwell.

We will always look to expand or slightly alter a service to fit the needs of the user. In some cases we require flexibility.

We have over the years identified unmet needs and continue to do so because of our flexible approach and listening to the people that matter to the community.

We continue to provide support and signpost to other organisations when needed to meet that need.

We support difficult cases around Irish Traveller needs and shine a light into domestic violence and the poor mental health that this community suffers with. But there continues to be a lack of resources for those agencies

Page 4

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

that need it and who provide this support required to help combat these issues. We have been in existence for over 20 years and built a reputation for helping the most vulnerable.

Our mantra remains, if we can’t help, we probably know someone who can.

We continue to refine our system of support around Falls prevention; it is continuing to work well, so in the long term we are looking at a system that reduces GP time and hospital bed blocking. We are continuing to work with other agencies to put in place a working model 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: The future continues to depend on others our vision is to increase good health both mental and physical while providing good general support, but Langley concept needs to be a priority we have to wait for thing to happen before we can move forward this is down to resource it may be we look at resolving the staffing issue first then continues with our main plan success is based on stability something we have for over 20 years we may have to look at a more radical agenda to move forward with purpose. But all the while we look to the future, we remain transparent and relevant.

Difficulties/problems the organisation faced during the year

Over the past 5 years difficulties come and go. Some persist more than others, the same old reasons persist lack of funding resources and changes of circumstance, which is still prevalent to everyone else, so you learn to cut your cloth to suit.

We continue to work with the local authority who have the own difficulties, but we would look to support them anyway we can to help deliver services that would support the local community

We continue to have a clear line of communication with the council and our organisation benefits from that.

As with most years we continue to 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.

We will continue to contribute to the 2030 vision of Sandwell helping to establish a healthier, vibrant and thriving economy.

Memorandum: Alderman Martin Prestidge. (Personal Comment)

I had known Martin for over twenty years. I counted him as my friend, he could be cantankerous, curt and to the point, but he had a heart as big as a house and he cared. He was a man of principal and strong socialist values, he believed in supporting the most vulnerable in our communities, he believed those with the broadest shoulders should carry the heaviest load, he was a good man, and I miss him.

Chris Flood (Ex Chair/CEO) For and on behalf of the trustees of the Sandwell Irish Community Association

Page 5

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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)'.

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 £62,168 and our expenditure was £47,041. General unrestricted reserves are £23,456 and restricted funds are £5,453 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 7 December 2024 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 2024

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:

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 7 December 2024 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 2024

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 2024.

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:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 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

  4. 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: Melissa Smith

Dated: 7 December 2024 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 2024

Note
Income from:
Donations and legacies
3
Charitable activities
4
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net income/(expenditure)
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2024
£
150
14,840
14,990
5,907
5,907
9,083
2,777
11,860
11,596
11,860
23,456		 Restricted
funds
2024
£
-
47,178
47,178
41,134
41,134
6,044
(2,777)
3,267
2,186
3,267
5,453		 Total
funds
2024
£
150
62,018
62,168
47,041
47,041
15,127
-
15,127
13,782
15,127
28,909		 Total
funds
2023
£
100
31,725
31,825
45,643
45,643
(13,818)
-
(13,818)
27,600
(13,818)
13,782

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 12 to 26 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 2024

Note
Fixed assets
Tangible assets
9
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
14
Unrestricted funds
14
Total funds		 406
27,454
27,860
(1,585)		 2024
£
2,634
2,634
26,275
28,909
28,909
28,909
5,453
23,456
28,909		 332
14,803
15,135
(1,353)		 2023
£
-
-
13,782
13,782
13,782
13,782
2,186
11,596
13,782

Page 10

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee) REGISTERED NUMBER: 08451766

BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2024

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 07 December 2024 and signed on their behalf by:

Luke Cotterill Nicholas Bate (Trustee) (Trustee)

The notes on pages 12 to 26 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 2024

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.

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 Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Page 12

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

2.4 Tangible fixed assets and depreciation (continued)

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Fixtures and fittings

2.5 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.

2.6 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.

2.7 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.

2.8 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.

2.9 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.

Page 13

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

3.
Income from donations and legacies
Unrestricted
funds
2024
£
Donations
150
Total 2023
100		 Total
funds
2024
£
150
100		 Total
funds
2023
£
100

Page 14

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

4. Income from charitable activities

Unrestricted
funds
2024
£
Income from charitable activities - Sandwell
MBC
-
Income from charitable activities - Room hire
14,840
Income from Charitabke activities - Black
Country Housing
-
Income from charitable activities - The
Grimmitt Trust
-
Income from charitable activities - Sandwell
MBC - Omnicron & leisure
-
Income from charitable activities - Sandwell
MBC
-
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 - The Henry
Smith Charity
-
Income from charitable activities - The
National Lottery Community Fund
-
Income from charitable activities - SCVO -
Warm Spaces
-
The British Triathlon
-
Total 2024
14,840
Total 2023
4,154		 Restricted
funds
2024
£
16,650
-
-
400
-
2,777
-
-
-
1,960
19,861
3,400
2,130
47,178
27,571		 Total
funds
2024
£
16,650
14,840
-
400
-
2,777
-
-
-
1,960
19,861
3,400
2,130
62,018
31,725		 Total
funds
2023
£
16,650
4,154
4,492
-
2,667
-
1,232
200
1,310
-
-
1,020
-
31,725

Page 15

(A company limited by guarantee)

SANDWELL IRISH COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

5. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2024
£
Sandwell MBC - wages
-
Room hire
5,907
Black Country Housing
-
The Grimmitt Trust
-
Sandwell MBC - Omnicron & leisure
-
Good Neighbours
-
Sandwell MBC - Prevention & Falls
-
Black Country Consortium
-
The Henry Smith Charity
-
The National Lottery Community Fund
-
SCVO - Warm Spaces
-
5,907
Total 2023
15,687		 Restricted
funds
2024
£
16,650
293
-
400
-
-
-
-
1,500
19,861
2,430
41,134
29,956		 Total
2024
£
16,650
6,200
-
400
-
-
-
-
1,500
19,861
2,430
47,041
45,643		 Total
2023
£
16,650
15,687
4,492
-
2,667
2,167
1,232
1,218
-
-
1,530
45,643

Page 16

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

6. Analysis of expenditure by activities

Sandwell MBC - wages
Room hire
Black Country Housing
The Grimmitt Trust
Sandwell MBC - Omnicron & leisure
Good Neighbours
Sandwell MBC - Prevention & Falls
Black Country Consortium
The Henry Smith Charity
The National Lottery Community Fund
SCVO - Warm Spaces
Total 2023		 Activities
undertaken
directly
2024
£
16,650
1,135
-
400
-
-
-
-
1,500
80
900
20,665
31,842		 Support
costs
2024
£
-
5,065
-
-
-
-
-
-
-
19,781
1,530
26,376
13,801		 Total
funds
2024
£
16,650
6,200
-
400
-
-
-
-
1,500
19,861
2,430
47,041
45,643		 Total
funds
2023
£
16,650
15,687
4,492
-
2,667
2,167
1,232
1,218
-
-
1,530
45,643

Page 17

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

6. Analysis of expenditure by activities (continued)

Analysis of direct costs

Wages and salaries
Events
Travelling
Facilitators
Volunteers travel & subsistence
Equipment
Total 2023
Wages and salaries
Events
Travelling
Facilitators
Volunteers travel & subsistence
Equipment
Total 2023		 Sandwell
MBC -
wages
2024
£
16,650
-
-
-
-
-
16,650
16,650		 Room hire
2024
£
540
595
-
-
-
-
1,135
6,083
Sandwell
MBC - Good
neighbours
2024
£
-
-
-
-
-
-
-
1,232		 Black
Country
Housing
2024
£
-
-
-
-
-
-
-
4,492
Black
Country
Consortium
2024
£
-
-
-
-
-
-
-
1,218		 The
Grimmitt
Trust
2024
£
-
400
-
-
-
-
400
-
The Henry
Smith
Charity
2024
£
-
1,500
-
-
-
-
1,500
-		 Sandwell
MBC -
Langley
lights
2024
£
-
-
-
-
-
-
-
2,167
The
National
Lottery
Community
Fund
2024
£
-
-
-
80
-
-
80
-

Page 18

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

6. Analysis of expenditure by activities (continued)

Analysis of direct costs (continued)

Wages and salaries
Events
Travelling
Facilitators
Volunteers travel & subsistence
Equipment
Total 2023		 SCVO -
Warm
Spaces
2024
£
-
-
-
900
-
-
900
-		 Total
funds
2024
£
17,190
2,495
-
980
-
-
20,665
31,842		 Total
funds
2023
£
27,164
290
12
3,016
142
1,218
31,842

Page 19

(A company limited by guarantee)

SANDWELL IRISH COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

6. Analysis of expenditure by activities (continued)

Analysis of support costs

Depreciation
Wages and salaries
Rent and rates
Electricity
Repairs and maintenance
Telephone
Equipment rental
Printing, postage, stationery
Lunches
Volunteers travel & subsistence
Cleaning
Water
Sundry expenses
Professional fees
Computers and software
Subscriptions
Insurance
Training
Refreshments
7.
Independent examiner's remuneration
Fees payable to the Company's independent examiner for the independent
examination of the Company's annual accounts
Fees payable to the Company's independent examiner in respect of:
All other services not included above		 Total
funds
2024
£
293
10,019
374
3,036
4,589
551
3,774
289
109
282
555
19
284
775
554
35
601
72
165
26,376
2024
£
675
100		 Total
funds
2023
£
-
1,530
876
2,355
1,416
1,136
3,272
603
103
-
53
340
156
585
336
35
1,005
-
-
13,801
2023
£
400
100

Page 20

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

8. Trustees' remuneration and expenses

During the year, one or more Trustees has been paid remuneration or has received other benefits from an employment with the Company. Mr S Simcox was paid for tuition of classes as part of hte charities objectives. The Trustees consider the amount charged by My Mr S Simcox to be less than the applicable market rate for tuition. The value of Trustees' remuneration and other benefits was as follows:

2024 2023
£ £
Stephen Simcox Remuneration 680 2,751

During the year ended 31 March 2024, expenses totalling £NIL were reimbursed or paid directly to Trustee (2023 - £NIL to Trustee).

9. Tangible fixed assets

Cost or valuation
Additions
At 31 March 2024
Depreciation
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Fixtures and
fittings
£
2,927
2,927
293
293
2,634
-

Page 21

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

10. Debtors

Due within one year
Prepayments and accrued income		 2024
£
406
406		 2023
£
332
332

Page 22

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

11. Creditors: Amounts falling due within one year

Other taxation and social security
Pension fund loan payable
Other creditors
Accruals and deferred income		 2024
£
519
105
186
775
1,585		 2023
£
553
-
300
500
1,353

12. Operating Lease Commitments

Annual commitments under non-cancellable operating leases are as follows:

Office Equipment In less than one year: £2,079 In two to five years: £6,732

13. Financial instruments

2024 2023
£ £
Financial assets
Financial assets measured at fair value through income and expenditure 27,454 14,803

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 23

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

14. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds - all funds
Restricted funds
Restricted Funds - all funds
Total of funds		 Balance at 1
April 2023
£
11,596
2,186
13,782		 Income
£
14,990
47,178
62,168		 Expenditure
£
(5,907)
(41,134)
(47,041)		 Transfers
in/out
£
2,777
(2,777)
-		 Balance at
31 March
2024
£
23,456
5,453
28,909

Page 24

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

14. 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 2022
£
23,029
4,571
27,600		 Income
£
4,254
27,571
31,825		 Expenditure
£
(15,687)
(29,956)
(45,643)		 Balance at
31 March
2023
£
11,596
2,186
13,782
  1. Summary of funds

Summary of funds - current year

General funds
Restricted funds		 Balance at 1
April 2023
£
11,596
2,186
13,782		 Income
£
14,990
47,178
62,168
Balance at
1 April 2022
£
23,029
4,571
27,600		 Expenditure
£
(5,907)
(41,134)
(47,041)
Income
£
4,254
27,571
31,825		 Transfers
in/out
£
2,777
(2,777)
-
Expenditure
£
(15,687)
(29,956)
(45,643)		 Balance at
31 March
2024
£
23,456
5,453
28,909
Balance at
31 March
2023
£
11,596
2,186
Summary of funds - prior year
General funds
Restricted funds
13,782

Page 25

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

16. Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted
funds
2024
£
Tangible fixed assets
2,634
Current assets
22,407
Creditors due within one year
(1,585)
Total
23,456		 Restricted
funds
2024
£
-
5,453
-
5,453		 Total
funds
2024
£
2,634
27,860
(1,585)
28,909

Analysis of net assets between funds - prior period

Current assets
Creditors due within one year
Total		 Unrestricted
funds
2023
£
12,949
(1,353)
11,596		 Restricted
funds
2023
£
2,186
-
2,186		 Total
funds
2023
£
15,135
(1,353)
13,782

Page 26