Registered Charity no. 1114773 REPORT OFTHE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024 FOR THE THE BRIERLEY HILL PROJEcr Page I
THE BRIERLEY HILL PROJEcr CONTENTS PAGE FOR THE YEAR ENDED 30TH NOVEMBER 20Z4 Page Report of the Tru$lee$ 3to6 Independent Examin&rfs Report Recèipts and Paents Aexount Statement of Assets and LbilIt Notes lo the Recepls and paents Accounts 10-12 Page 2
THE BRIERLEY HILL PROJEcr I REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH NOVEMBER 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered charity number 1114773 Prlncipal address 24 Bank Street Brierley Hill DY5 3DA Trustees Adrian Lowe- Chairman John Cook {resigned May 2024) Christopher Swaithes (retired December 2024) Judith Forster Anna Fellows Independent examiner Sally-Ann Reeves FCCA Page 3
THE BRIERLEY HILL PROJECT TRUSTEES REPORT FOR THE YEAR ENDED 30 NOVEMBER 2024 The Trustees present their report together with the financial ststements of the charity for the year ended 30 November 2024. Or8anlsatlonal structure The Brierley Hill Project is constituted by a Deed of Trust and is a registered charity. No. 1114773. Governance and Management New trustees are appointed by existing trustees. The trustees meet on a regular basis and are supported by a manasement team to whom the administration of the practical issues arising from the daily activities is delegated. The board of tru5tee5 aim5 to have a broad range of skills represented, in particular finance. business mana8ement, organisational development. training and education, social work and service to the community through other charity trusteeships. Objertlves and actlvltles TO PROMOTE AND ADVANCE THE MENTAL, SPIRITUAL, MORAL AND PHYSICAL DEVEIOPMENT, EDUCATION AND IMPROVEMENT OF CHILDREN ANO YOUNG PEOPLE IN ACCORDANCE WITH A FRAMEWORK OF CHRISTIAN PRINCIPLES SO AS TO DEVELOPTHEIR FULLCAPACITIES AND ENABLE THEM TO BECOME RESPONSIBLE MEMBERS OF SOCIETY SO THATTHEIRCONDITIONSOF LIFE MAY BE IMPROVED. TO PROMOTE FOR THE BENEFIT OF THE INHABITANTS OF BRIERLEY HILL ANO THE SVRROUNDING AREA AND THE 8LACK COUNTRY THE PROVISION OF FACILITIES FOR RECREATION OR OTHER LEISURE TIME OCCUPATION OF INDIVIDUALS WHO HAVE NEED OF SUCH FACILITIES BY REASON OF THEIR YOUTH, AGE, INFIRMITr OR DISABLEMENT, FINANCIAL HARDSHIP OR SOCIAL AND ECONOMIC CIRCUMSTANCES OR THE PUBLIC AT LARGE IN THE INTERESTS OF SOCIAL WELFARE AND WITH THE 08JECT OF IMPROVING THE CONDITION OF UFÉ FOR THE SAID INHA81TANTS. THE PREVENTION OR RELIEF OF POVERTY IN BRIERLEY HILL AND THE SURROUNDING AREA AND THE 8LACK COUNTRY BY PROVIDING ESSENTIAL ITEMS, RESOURCES AND SUPPORT TO INDIVIDUALS IN NEED OR TO OTHER CHARITIESAND ORGANISATIONSWORKING TO PREVENTOR RELIEVE POVERTY. Achlevements and Performance As In many areas across the country the economic conditions are hard, systems are failing and structures are crumblln8. Thls has left many people marginalised, vulnerable and needing support. We play a small part in being a lighthouse of hope ! Demand for our serrfices is still extremely tight and our hard working team continue to go above and beyond to meet the various needs that get presented to us. The stats below give you a flavour of our work. but as always stats only show you an elernent, there are many stories to be told. A small caveat with these stats. We changed recording platforms during the year and faced some Inltlal challenges, this will be reflected in some of these stats, mainly the detached work. We gave out 1695 {1113 in 2023) foodbank vouchers during our drop-in service to people in crisi5 We delivered 62111007 in 2023) adult one to one support sessions We delivered 1611175 in 20231 one-to-one support sessions to young people We have faced some problems recording detached youth work sessions this year unfortunately. We delivered 48 football sessions which were attended by 5511430 in 2023) young people. Over the last year we had volunteers time of 912 hours which equals £13,680. This is so important for a small charity like ourselves and we value each and every volunteer. Page 4
! THE BRIERLEY HILL PROJEcr REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH NOVEMBER 2024 Achievements and Performance Icont.) Our holistic approach and seeing people as "whole people" with at times multiple issues leads us into needing a very robust partnership model. we are very aware we can't do it all on our own. We continue to have strong relationships with Black Country Foodbank, Dudley MBC Welfare Rights and Dudlev MBC Homeless Team, alongside Kid's Clothes Project. Brierley Hill Baby Bank. Provision House and the West Midlands Combined Authority {to name a few) we also sit on some strategic boards and have become advocates for a number of client5 that couldn't do it on their own. With this partnership approach and grass route information it enables us to lobby in numerous areas. Over the past year we have continued to play out, and tweak the staffing model with more sessional worker5 rather than employed staff. This has worked well and we have seen some good quality and varied work bein8 produced. However we will continue to monitor this. We continue to monitor and refine both sides of the charity (Adult & Youth) Adult is far more established and so over this past year we have spent some more time doing a deep dive into the youth side. This has led to some more financial investment in staffins and we are monitoring closely the impact of this. Funding remains a challenge and we need some concentrated effort nextyear to try and secure some larger grants. We are over the moon that this yearwe won the Oudley Borough Community Awards"Health Professional" of the year award, this encouraged all of our staff, volunteers and supporters of the work we are doing. Flnanelzl revlew The net incoming unrestricted and designated resources before transfers for the year amounted to -£13,928 12023.. net outgoin8 £20,617). and net incomin8 restrirted resources amounted to £3,83212023: net incoming £11,963), See note 3 for transfers between funds. At 30 November 2024 the unrestrirted and restricted funds after transfers total £73,32512023'. £55.5651 of which £20,740 in designated funds12023: £21.2451 and £47.284 in general funds12023: £32,647) Restricted fund balances after transfers total £5,30112022; £1.673). Reserves and reseNes pollcy The policy a8reed by the trustees is to aim to hold in unrestricted reserves not committed or invested in tan8ible fixed assets (the 'free' reserves) sufficient to cover the general overhead expenses and salary costs not specifically funded by external agencies, for a period of six months. At this level, the trustees feel that thev would be able to continue the current activities of the charity in the event of a significant drop in funding. It would then be necessary to consider how the funding would be replaced or activities changed. The amount of 'free' reserves at 30 November 2024 amounts to £68,02412023'. £53,892), and equates to approximately 15 months expenditure. Risk policy and revlew The trustees have examined the major strategic, business and operational risks that the charityfaces and consider that they are adequately mitigated through insurance, strategic plannin& policies, systerns and procedures. Page 5
THE BRIERLEY HILL PROJECT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH NOVEMBER 2024 Future developments We are looking at several priority areas for the future year- Continue to monitor how the youth work develops. Applying for some larger grants to clear our projected deficit and enable long temi sustainability- Continue to encourage fundraising and build up our regular givers. Working on the board of trustees to gain more people with different skills, and more time to help invest. Continuing to sit on local strategic partnerships to be a voice into policy and local decision makin8. Trustees The trustees holding office during the whole year unless Otherwise ststed were as follows: Adrian Lowe- Chairman John Cook Iresigned May 20241 Christopher Swaithes (retired December 20241 Judith Forster Anna Fellows In accordance with the trust deed, trustees hold office for three years. and are eligible to be re-elected. Adrian Lowe and Anna Fellows are due for re-election in August 2025. No other trustees are due for re-election during the forthcoming year. Trustees, responslbllltles In relatlon to the financlal statements Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities durin8 the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to.. select suitable accountin8 policies and then apply them consistently: make judgments and estimates that are reasonable ènd prudent; state whether applicable accounting standards and statements of recommended Practi have been followed subject to any departures disclosed and explained in the financial statements- and prepare the financial statements on the 80in8 concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are 3150 responsible for safeguarding the assets of the charity and hence for takin8 reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. the trustees on and signed on their behalf by owe anoft ar of Tiustees Page 6
THE BRIERLEY HILL PROJEcr INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30TH NOVEMBER 2024 I report on the accounts for the year ended 30th November 2024. Responsibilities and basis of report. As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.the Act'l. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515)Ib) of the Act. Independent Examlnerfs statement I have completed my examination. I confirm that no rnaterial matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: Accountlng records were not kept In respect of the Trust as required by section 130 of the Act; or The accounts do not accord with those records. I have no concerns and have come across no other matters in connertion with the examination to which attention should be drawn in this report in order to enable proper understanding of the accounts to be reached. S A Reeves FCCA Broadway Worcestershire 14th Aprll 2025 Page 7
RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 30Th NOVEMBER 2024 Unrestricted Funds 2024 Desl8nated funds 2024 Restrlrted Funds 2024 Ntxes Total Funds Total Funds 2024 2023 RECEIPTS Glfts Donations Gift Aid tax recovered Grants Receipts from charitable activities Interest and dividend5 Other income 4a 4b 4c 4d 4e 4f 4g 3,934 34,754 5,346 27,715 36.113 3.381 16.278 5,780 1,310 7,000 48,893 4,691 38,135 1,710 792 1,260 21,857 1,710 792 728 1.260 TOTAL RECEIPTS 56,564 10.060 28.857 95,481 72,477 PAYMENTS Dlrert charitable actlvlty Donatlons and glfts Costs of generating funds 5a 5b sc 41,834 82 245 10.535 25,025 77,394 82 245 80,525 235 371 TOTAL PAYMENTS 42.161 10,535 25,025 77,721 81,131 NET OF RECEIPTSIPAYMENTS 14M03 14751 3A32 17,760 18,654) Transfers between funds 234 1301 12041 CASH FUNDS AS AT 3011112023 32,647 21,245 1,673 55,565 64,219 CASH FUNDS AS AT 3011112024 47.284 20.740 5,301 73,325 55.565 Page 8
THE BRIERLEY HILL PROJECT STATEMENT OF ASSETS AND LIABILITIES AS AT30TH NOVEMBER 2024 Unrestrfcted Funds 2024 Deslgnated funds 2024 Restrirted Funds 2024 Total Fund5 2024 Total Funds 2023 Note5 Cash funds Current account Deposit accounts Petty cash 1,172 46.067 45 1.172 72,108 45 7,085 48,316 164 20.740 5,301 47.284 20.740 5,301 73,325 55,565 Other monetary assets Gift aid recoverable 126 99 225 371 The financial statements were approved by the Board of Trustees on and were sl8ned on Its behalf bv: IE AM ao2S A Lowe Chairman and TnJstee Page 9
ThE BRIERLEY HILL PROJEcr NOTE5 TO THE AECEIPTS AND PAYMENTS ACCOUNTS FOR THEYEAR ENDED 30TH NOVEMBERI 24 Analysls of stsff Costs. trustee remuneration and exnSeS and related p•rtles 2024 2023 salaries and wa8es Pension costs 25,C65 565 25.630 28.342 581 28.923 The average monthly number of employees durin8the year was I12023= 21 Durin8 the yeor, John Cook. who resigned as a tnjstee in May 2024, invoiced the tharity £ 12,LXM) 12023.. £12.OfK)I for management consultancy fees. No otherTwstees were paid any remuneration or received benefits durin8 the yeaf12023 £Nill Movemènt In fvnds The movements in designated and 5trIrted fvnds durlng the yeaT were: Balance blfwd 0111212023 Receipts Payments Transfers Balance cfvd 3011112024 Gener•1 lunrestrlct•dl 32.647 56,564 42,161 234 47,284 Oeslin¥t•d Youth Fund Asda Advertisln8 Homeless Fund 19,781 8,175 8,341 1301 19,SaS 1,464 21,245 1,88S 10.060 2.194 10,535 1,155 20,740 1301 Re5trlrt•d WMCA Homelessness Lottery Fund 2024 Football fund PCC West Midlands Dudley Community Forum Dudley Poverty Fund 2.000 16.122 7.000 2.412 2,323 11.0001 28.857 956 16.122 2,743 2,693 2,323 188 25,025 4,257 251 30 1.422 1,673 12341 12041 5,301 Total fund5 55.565 95,481 77.721 73,325 Movement In fvnds for the year ended 30th NoVeMr 2023 8alance blhyd 0111212022 Receipts Payments Transfers Balance clfwd 3011112023 General lunrestrideill 40,358 39.551 48,027 765 32,647 Destynattd Youth Fund Asda Advertisin8 Homeles5 Fund 21.459 218 2,023 23,700 11,575 13,157 1961 12181 19.781 1.136 72.711 1.695 14,852 1,484 21,245 13141 Restrlcted Awards for all- general Make It Happen PCC West Midlands Dudley Community Forum Dudley Poverry Fund 10,000 10.000 80 2.161 1,803 4.208 18,252 161 1811 2.412 1.803 6.000 20.215 251 13701 14511 1.422 1,673 161 Total funds 64.219 72.477 81.131 55.565 Page 10
THE BRIERLEY HILL PROJEcr NOTES TO THE RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 30TH NOVEMBER 2024 Further analysis of Recelpts Unrestrirted Funds 2024 Designated funds 2024 Restricted Funds 2024 Total Total 2024 2023 Receipts Gffts One off gifts 3,934 bl Donations Regular donations Fundraising 32,321 3,792 36.113 5,780 7,000 45,101 3,792 48,893 34,754 5,780 7,000 34,754 Glft Ald Gift Aid tax recovered 3.381 1,310 4,691 5,346 dl Grants Grants from institutions 16,278 21,857 38,135 27,715 Recelpts from diarltable actlvltles Mentoring fees 1,710 1,710 Interest and dfvldends Deposit account interest 792 792 728 81 Other Income Other income 1,260 1,260 1,260 1,260 TOTAL RECEIPTS 56,564 10,060 28,857 95,481 72,477 Pa8e 11
THE 8RIERLEY HILL PROJECT NOTES TO THE RECEIPTS AND PAYMENTS Accourirs FOR THE YEAR ENDEO 30TH NOVEMBER 2024 Further analysis of Payments Unrestricted Funds 2024 Oesignated fvnds 2024 Restricted Funds 2024 Total Total 2024 2023 Payments Dlrect charitable artlvlty Salaries and Nl Pensbon costs Departmental expenses Cllent support gifts Property insurance Repairs & renewals Malntenance contracts Heat, light and water Cleanln8 Sessional workers pay Telephone & Broadband Stationery, printing and postage Subseriptions Advertising D8S checks Travelllng & subsistence Hlre of equipment130 pitch Equipment for activities Equipment for general use Refreshments Trainin8 and worker development Rent and room hlre Consumables Sports Coachlng Management consultancy Bank charges IT Support and software Independent examination Legal fees Accountancy 16.710 377 566 236 1,040 20 550 1.741 787 225 468 13 8.355 188 25,065 565 760 4,188 1,040 20 641 2,285 1,017 11,852 780 23 28,342 581 582 4,719 1,042 194 2.207 1,745 91 387 2,342 629 11,748 635 131 79 230 3,718 312 7.909 io 201 63 264 225 4,041 4,041 122 252 3,815 138 1,434 122 2S2 30 601 1.200 631 4,800 228 155 4,800 397 1,872 12.000 71 1,322 450 3,600 228 10.390 4,000 14,390 68 555 485 300 3,022 77.394 555 300 3,022 41,834 2,629 80.525 10,535 25,025 bl Donotlws and 81ft5 Other gifts 82 82 235 Costs of 8eneratln£ fvnds Fundraising costs Website 245 245 24S 245 371 371 TOTAL PAYMENTS 42,161 10.535 25,025 77,721 81.131 Page 12