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||||||||Page|
|---|---|---|---|---|---|---|---|
|Trustees'<br>annual<br>report (incorporating||||the|director's|report)||
|Independent|auditor's|report to|the members||||15|
|Statement|offinancial|activities|(including||income and|||
|expenditure|account)|||||||
|Statement|offinancial|position|||||20|
|Statement|ofcash flows||||||21|
|Notes to the financial||statements|||||22|





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|Reference|and administrative|and administrative|and administrative|details||||||
|---|---|---|---|---|---|---|---|---|---|
|Registered|charity|name||Multistory||||||
|Charity registration||number||1116214||||||
|Company|registration||number|06910607||||||
|Principal office and||registered||1st Floor||||||
|office||||Town<br>Hall||||||
|||||Lodge Road||||||
|||||West Bromwich||||||
|||||West Midlands||||||
|||||B706DY||||||
|The trustees||||||||||
|||||M Singh Gill||||||
|||||L Kilbride||||||
|||||S Newman||||||
|||||R Sandhu||||(Appointed|27 April 2022)|
|||||R Short||||||
|||||T Spurgin||||(Appointed|27 July 2022)|
|||||P Sutton||||||
|||||C Wells||||||
|||||BBeghal||||(Appointed|19October 2022)|
|||||ECook||||(Appointed|19October 2022)|
|Company|secretary|||Caron Wright||||||
|Auditor||||Muras Baker Jones Limited||||||
|||||Chartered<br>accountants|||8 statutory|auditor||
|||||Regent House||||||
|||||Bath Avenue||||||
|||||Wolverhampton||||||
|||||West Midlands||||||
|||||VN/1 4EG||||||
|Bankers||||Co-operative|Bank|||||
|||||TSBBank||||||
|||||Lloyds Bank||||||
|||||West Bromwich||Building|Society|||





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||||Note|Unrestricted|Restricted|2023|2022|
|---|---|---|---|---|---|---|---|
|||||funds|funds|Total|Total|
||||||E|6||
|Income from:||||||||
|Grants received|||2|257,568||257,568|257,569|
|Charitable<br>activities|||3|1,000|166,056|167,056|133,845|
|Other trading<br>activities|||4|173||173|604|
|Investments|||5|752||752|265|
|||||259,493|166,056|425,549|392,283|
|Expenditure<br>on:||||||||
|Charitable<br>activities|||6|239,049|168,451|407,500|356,936|
|Net income for the|year|||20,444|(2,395)|18,049|35,347|
|Gross transfer between||funds|13|||||
|Net movement<br>in funds||||20,444|(2,395)|18,049|35,347|
|Reconciliation<br>offunds||||||||
|Total funds brought|forward|||271,922|7,075|278,997|243,650|
|Fund balances at the end ofthe||||||||
|year|||13|292,366|4,680|297,046|278,997|





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|Incomes|from grants||||
|---|---|---|---|---|
||||2023<br>f|2022<br>F|
|Sandwell|Metropolitan|Borough Council|114,166|114,166|
|Arts Council England|||143,402|143,403|
||||257,568|257,569|



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|haritable<br>activitie|s|||||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||6|6|
|Sandwell<br>Council:|Green Roots|||||10732||
|Wednesbury<br>High|Street Heritage||Zone (Yr1)||||2,300|
|Wednesbury<br>High|Street Heritage||Zone (Yr2)||||66,186|
|Wednesbury<br>High|Street Heritage||Zone (Yr3)|||114,480||
|We Don't Settle||||||1,250|3,750|
|SCVO Vision 2030 Community||Grants Programme|||||4,980|
|Historic England:|Everyday<br>Heritage|||Grants||3,717||
|Birmingham<br>2022|Festival|||||26,735|48,264|
|Creative Black Country/Multistory|||Participation||in|||
|Advisory<br>Board||||||1,000|2,000|
|Newave<br>Education|||||||6,365|
|Sandwell<br>Council:|WHSHAZ Banners|||||4,975||
|Generations||||||4,167||
|||||||167,056|133,845|





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|Total resources expended||||||
|---|---|---|---|---|---|
||Core|||||
||activities|Projects|Governance|2023|2022|
||F|E|E|F.|F|
|Wages, salaries and||||||
|sessional workers|178,515|109,877||288,392|232,766|
|Pension costs|6,390|||6,390|3,949|
|Project delivery||43,615||43,615|34,898|
|Recruitment<br>and training|911|||911|3,146|
|Rent and rates|5,946|||5,946|13,113|
|Insurance|4,723|||4,723|4,149|
|Office maintenance|465|||465|501|
|Printing<br>and stationary|1,397|||1,397|1,608|
|Marketing<br>and publicity|7,689|2,931||10,620|23.081|
|Computer costs|8,886|||8,886|7,841|
|Telephone<br>and postage|1,776|||1,776|1,545|
|Travelling|956|1,033||1,989|1,154|
|Professional<br>fees|16,502|||16,502|14,147|
|Audit costs|||6,300|6,300|5,392|
|Sundry expenses|1,868|||1,868|801|
|Organisational<br>development|5,025|||5,025|7,060|
|Depreciation<br>offixed assets|2,695|||2,695|1,785|
||243,744|157,456|6,300|407,500|356,936|





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||2023<br>f|2022|
|---|---|---|
|Salaries and wages|166,149|133,002|
|Social security|12,366|9,298|
|Pension costs|6,390|5,266|
||184,905|147,566|



|The average<br>was:|num|ber<br>of employees<br>during the year|, calculated<br>on the basis of full time|equivalent|
|---|---|---|---|---|
||||2023|2022|
||||No.|No.|
|Management|and|projects|4|4|



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|9.|Fixed assets<br>Year e|nded 31 March 2023|||
|---|---|---|---|---|
|||Office|||
|||furniture|||
|||and audio|||
|||visual|Computer||
|||equipment|equipment|Total|
|||6|F|F|
||Cost||||
||At April 2022|14,611|22,791|37,402|
||Additions||||
||At 31 March 2023|14,611|22,791|37,402|
||Depreciation||||
||At 1 April 2022|12,378|19,223|31,601|
||Charge for the year|809|1,886|2,695|
||At March 2023|13,187|21,109|34,296|
||Net book value||||
|||1,424|1,682|3,106|
||At 31 March 2023'||||
||At 31 March 2022|2,233|3,568|5,801|
|10.|Debtors||||
||||2023|2022|
||||E.||
||Trade debtors||12,878||
||||12,878||





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|Creditors: amounts<br>due|within|one y|ear||||
|---|---|---|---|---|---|---|
||||||2023|2022|
|Trade creditors|||||11,600|10,130|
|Social security and other|taxation||||4,439|3,473|
|Accruals|||||6,830|6,330|
|Other creditors —VAT|||||11,678|1,660|
||||||34,547|21,593|
|Funds|||||||
||Balance|as|Incoming|Resources|Transfers|Balance as|
|||at|resources|expended||at|
||01.04.2022<br>f||F|6||31.03.2023<br>F|
|SCVO Vision 2030|||||||
|Community<br>Grant|||||||
|Programme|4,980|||300||4,680|
|Birmingham<br>2022|||||||
|Festival|2,095||26,735|28,836|||
|Sandwell<br>Council:|||||||
|Green Roots|||10,732|10,732|||
|Wednesbury<br>High|||||||
|Street Heritage|||114,480|114,480|||
|Action Zone|||||||
|We Don't Settle|||1,250|1,250|||
|Historic England:|||||||
|Everyday<br>Heritage|||||||
|Grants Programme|||3,717|3,717|||
|Sandwell<br>Council|||||||
|WHSHAZ Banners|||4,975|4,975|||
|Generations|||4,167|4,167|||
||7,075||166,056|168,451||4,680|
|General funds|271,922||259,493|239,049||292,366|
||278,997||425,549|407,500||297,046|



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|Funds —|Pr|io|r Year|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Balance|as||||Balance|as|
||||||at<br>01.04.2021||Incoming<br>resources|Resources<br>expended|Transfers|at<br>31.03.2022||
||||||6||F|E|6|6||
|Wednesbury|||High|Street||||||||
|Heritage||Action||Zone||||||||
|(Yr1)|||||2,795||2,300|5,095||||
|SCVO Vision|||2030|||||||||
|Community||Grants||||||||||
|Programme<br>Birmingham||2022 Festival|||||4,980<br>48,264|46,169||4,980<br>2,095||
|Wednesbury|||High|Street||||||||
|Heritage||Action||Zone||||||||
|(Yr2)|||||||66,186|66,186||||
|Newave|Education||||||6,365|6,365||||
|We Don't|Settle||||||3,750|3,750||||
||||||2,795||131,845|127,565||7,075||
|General|funds||||240,855||260,438|229,371||271,922||
||||||243,650||392,283|356,936||278,997||





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|Analysis of net asset betwee|n funds||||
|---|---|---|---|---|
||Unrestricted|Restricted|||
||funds|funds|2023|2022|
||E||E|E|
|Fixed assets|3,106||3,106|5,801|
|Net current assets|289,260|4,680|293,940|273,196|
||292,366|4,680|297,046|278,997|



|Analysis of net asset betwee|n funds —prior year||||
|---|---|---|---|---|
||Unrestricted|Restricted|||
||funds|funds|2022|2021|
|||F|E|E|
|Fixed assets|5,801||5,801|3,616|
|Net current assets|266,121|7,075|273,196|240,034|
||271,922|7,075|278,997|243,650|



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|Total|future<br>minimum<br>lease payments<br>under|non-cancellable<br>operating<br>leases are as fo|llows.|
|---|---|---|---|
|||2023|2022|
|||E|F|
|Other|leases|||
|Within|1 year|437|437|
|2 —5|years|910|1,347|





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|Audi|tor's<br>remuneration|||
|---|---|---|---|
|||2023|2022|
|||E|E|
|Audit|fee|6,300|5,250|



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|Reconciliations<br>of|ne|t expenditure|to net cash flow from|operating<br>activities||
|---|---|---|---|---|---|
|||||2023|2022|
|||||E||
|Net income for the year||||18,049|35,347|
|Interest receivable||||(752)|(265)|
|Depreciation<br>oftangible||fixed assets||2,695|1,785|
|Decrease/(increase)|in|debtors||(12,878)|75,286|
|(Decrease)/increase|in|creditors||12,454|(714)|
|Net cashflow/(outflow)||from operating|activities|19,568|111,439|



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