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2022-12-31-accounts

St Margaret’s Community Trust (a Company Limited by Guarantee)

Trustees’ Report and Financial Statements for the year ended 31 December 2022

Registered Company number 06673803 Registered Charity number 1129747

St Margaret’s Community Trust Financial Statements for the year ended 31 December 2022

Index
Page
Report of the Trustees 3-8
Statement of Trustees Responsibilities 11
Report of the Independent Examiner 12
Statement of Financial Activities (incorporating an Income & Expenditure Account) 13
Balance Sheet 14
Principle accounting policies 15-16
Notes to the financial statements 17-25

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St Margaret’s Community Trust Financial Statements for the year ended 31 December 2022

Report of the Trustees

The Trustees are pleased to present their annual directors’ report together with the financial statements of the charity for the year ended 31 December 2022 which are also prepared to meet the requirements of a directors’ report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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 (FRS102) (updated 1 January 2019).

CHARITABLE AIMS, OBJECTIVES AND ACTIVITIES

AIMS

St. Margaret’s Community Trust was formed initially to redevelop, refurbish and extend the old St Margaret’s Church, Ward End to create a multi-purpose community centre for the benefit of the local neighbourhood. It was decided not to opt for a building preservation trust but a community development trust as this offered more flexibility to use the new building as a catalyst for regeneration across the Ward End area. The primary purpose of St Margaret’s Community Trust is therefore to provide care and support to people resident in the Ward End area.

OBJECTIVES

This broad definition of care and support is broken down in the Memorandum of Association as follows:

  1. Community capacity building.

  2. To advance the education of children & young people and their parents and to provide activities for them.

  3. Promotion of health, in particular but not exclusively, by the provision of advice and information.

  4. To provide advice, assistance, advocacy and training to those who are unemployed or facing hardship.

  5. To provide and assist in the provision of facilities for recreational and other leisure time activities.

  6. Working with residents, the local authority, voluntary and other organisations to advance education and to provide facilities in the interests of social welfare.

BENEFICIARIES

The beneficiaries of St Margaret's Community Trust are the local residents in the Ward End area. There is no discrimination in terms of age, sex, sexual orientation,

3

St Margaret’s Community Trust Financial Statements for the year ended 31 December 2022

Report of the Trustees (continued)

race or religious persuasion. We keep in close contact with local people through the activities of our Centre Manager, and through our collaborative working with other community organisations and enterprises.

Our programme of activity through the year has been a variety of regular locally focussed activity, community events and listening exercises. Some activity has been led internally and others in partnership with other local agencies.

PUBLIC BENEFIT

All of our activities are centred on resourcing and developing

local people to strengthen their learning, opportunities and capacity for the

benefit of themselves and for the benefit of the wider community. Our activities aim to transform the lives of some of the poorest and most marginalised people in the local community by giving them the opportunities to reconnect, improve their quality of life and make a contribution in their neighbourhood.

Our aim is to provide care and support to the people of Ward End. Therefore, we intentionally work across the full diversity of faith, culture, gender, ethnic origin, disability and sexual orientation in our community and reach out to work with other organisations who share our aspiration to see people who live in our neighbourhood of Ward End flourish.

The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims and objectives and in planning future activities.

ACHIEVEMENTS AND PERFORMANCE

The primary focus of St Margaret’s Community Trust is to provide care and support to people resident in Ward End. With this aim in mind, we connect with the diverse neighbourhood of Ward End by

delivering all our community activity under the banner of the Unity

Hubb - the Arabic word “Hubb” means “love”. Our community development work is focussed on building trusting relationships and supporting those most in need across faiths, culture and generations, either through direct delivery or through building partnerships with other organisations.

Together We Can and Unity in the Community

In June we reached the end of two years of Lottery-funded work engaging with the community under the Together We Can banner. Shortly after this we received the news that our new fiveyear Unity in the Community bid to the National Lottery Community Fund had been successful.

Under this umbrella, a key piece of work has been to develop our “Theory of Change”. This articulates what we have noticed about how our community grows and develops. Our desire has always been to be an open and hospitable space where all are welcome, to develop relationships and to engage in an asset-based

4

St Margaret’s Community Trust Financial Statements for the year ended 31 December 2022

Report of the Trustees (continued)

approach to community development. Four “lenses” were identified through which we could understand how we seek to operate and also to evaluate the things we do. These lenses are: Nurture Trust, Welcome Participation, Inspire Abundance and Ripple Generosity. We believe that these lenses, our Theory of Change, do a good job of describing the Unity Hubb’s journey of trust, participation and growing community.

All of this is leading to a well-connected community, and we are building on the idea of a Village Vision. In this vision, local people are empowered, confident and proud of their neighbourhood. People seek solutions to challenges together, and this enables the neighbourhood to flourish, through sharing values and the diversity of skills, gifts, talents and passions already held by local people in Ward End.

We invited the Lottery to a special celebration event in November to say thank you for their support. Local people shared stories and poems over afternoon tea.

Community Activities

This year St Margaret’s Community Trust has continued to host a wide range of activities through the work of our employed staff, and increasingly also through a wide variety of “animators”. These are local people who share their own talents, gifts, skills and passions. On Mondays, the Busy Hands group is a wonderful example of this- women teach one another a wide variety of crafting and making skills with minimal support but lots of passion and incredible productivity! This group of women have become great friends, despite considerable difference.

Other activities have included Mindfulness Walks, Chair Yoga, Wellbeing Sessions, and Ladies’ Fitness. Chai and chat continues to be incredibly popular. Two men’s groups meet regularly - one at Christ Church and one at The Unity Hubb. On the allotments, the Happy Place project and

Community Women in Conversation groups took place. Cook Together Eat Together is always popular and this year there were opportunities for Bollywood Dancing and doh-playing workshops. A new Stay and Play group was started by local mothers and supported by Spurgeons.

5

St Margaret’s Community Trust Financial Statements for the year ended 31 December 2022

Report of the Trustees (continued)

Heritage

Our building continues to be well maintained and well used as both a community and heritage venue.

St Margaret’s Community Trust took part in the Commonwealth Games Key to the City programme – this brought many people from far and wide to use their key to unlock the cabinet in our hall, full of St Margaret’s heritage items! 81 people wrote in the Visitors’ book and many more expre ssed their surprise verbally at finding such a beautiful gem of a church, full of vibrant activity, in the midst of Ward End.

PARTNERSHIPS

Rethink - Meet your Neighbour

One particularly rewarding piece of work this year sprang from an awareness that there were two groups of people “missing from the table” at the Unity Hubb - the Roma and Romanian communities who live around the church. This led to a

partnership with Rethink mental health charity. Friday welcome sessions were poorly attended at first, but our consistent offer of hospitality, a Romanian-speaking support worker and a persevering attitude eventually led to connection with 80 families. These sessions provided access to European Union Settled Status (EUSS) Clinics, delivered by Centrala, as well as Welfare Advice provided by Birmingham City Council.

Meet your Neighbour Creatively was an extension of these mornings, and encouraged Romanian and Roma people to connect, sharing culture and crafting skills. A highlight of the year was the St Nicolas Christmas

Fun event, where Romanian and Roma culture was celebrated and enjoyed by the wider Unity Hubb community - dance, craft stalls, and even cabbage rolls!

Severn Trent Water

In December, Severn Trent launched their community programme at a Wellbeing Day at The Hubb, offering advice on help with water bills, free employability training to grow skills and confidence as well as job opportunities. This event was covered by BBC Midlands Today and Free Radio. Severn Trent have expressed their desire to support and walk alongside the local community in these challenging times.

Worth Unlimited

Worth Unlimited have continued their partnership with us and delivered youth mentoring at a local secondary School, a Wednesday girls’ group, and also Thursday after -school sessions. They collaborated with Street Futures to do sports sessions, and the plan at

the end of the year was to move all youth activities to Christ Church Burney Lane. A Saturday morning girls’ group was highly successful, attracting a large number of girls.

Staff from Worth Unlimited and the Hubb trained in Mental Health First Aid.

6

St Margaret’s Community Trust Financial Statements for the year ended 31 December 2022

Report of the Trustees (continued)

GOVERNANCE

The Board have continued to strengthen our expertise and skills inviting external support to develop us and our systems with best practice in identified development areas. A skills audit helped us clearly see the areas

in which we needed to focus on. We have a clear fundraising strategy with regular reviews and focussed on our core funding needs as well as the variety of activity resources our increased activity levels require. Our Evaluation and reporting provides clarity around performance and achieving funding targets and helpful data collection and management balanced with

gathering individual stories to tell our story. As we have grown, we so has the complexity of our financial reporting which is well supported for the board to have a clear the financial picture of the organisation, understanding the complexities of multiple funding streams.

HOW OUR ACTIVITIES DELIVER PUBLIC BENEFIT

All of our activities are centred on resourcing and developing local people to strengthen their learning, opportunities and capacity for the benefit of themselves and for the benefit of the wider community. Our activities aim to transform the lives of some of the poorest and most marginalised people in the

local community by giving them the opportunities to reconnect, improve their quality of life and make a contribution in their neighbourhood.

Our aim is to provide care and support to the people of Ward End. Therefore, we intentionally work across the full diversity of faith, culture, gender, ethnic origin, disability and sexual orientation in our community and reach out to work with other organisations who share our aspiration to see people who live in our neighbourhood of Ward End flourish.

FUTURE PLANS

We continue to look to develop our work, our connections and our relationships across the diversity of the neighbourhood of Ward End. In doing this we are valuing the contribution of effective partnerships that add to our offer and work with our asset-based approach of inviting and

7

St Margaret’s Community Trust Financial Statements for the year ended 31 December 2022

Report of the Trustees (continued)

empowering local people as they explore and share their gifts skills and talents with each other. One of the challenges that lies ahead is our capacity in our building as community activity is filling up most available space in the week. These are opportunities for us to explore how we make the most of the existing spaces in our neighbourhood where people can gather in the future.

FINANCIAL REVIEW

Our turnover continues to grow as we develop our programmes for people of all ages. Securing the National Lottery Community Fund grant over 5 years has given us confidence to plan and reduced the amount of other fundraising that we need to do during that period.

While the Statement of Financial Activity shows a sight loss for the year, this is caused by the asset charge regarding the building programme carried out several years ago, handled with a Designated Fund (see notes 7 and 11).

We have not escaped the cost of living crisis that everyone is facing and have had to be careful about our energy usage and carefully monitor this, as well as increasing our salaries by a reasonable amount.

Reserves policy

Funds obtained for specific purposes are held as restricted funds and each project is monitored separately to ensure income matches expenditure.

Our reserves policy aims to keep a balance in excess of 3 months operating costs (approximately £17,000) available in unrestricted funds. At the year end general funds were exceeding £40,000, which gives us some additional resilience during the current economic climate.

8

St Margaret’s Community Trust Financial Statements for the year ended 31 December 2022

Report of the Trustees (continued)

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

St Margaret's Community Trust is a company limited by guaranteed governed by its Memorandum and Articles of Association (dated: 13th July 2009). It is registered as a charity with the Charity Commission.

Appointment of trustees, induction & training

Six trustees were appointed on 15 August 2008 and replaced when necessary. Further trustees were elected at each Annual General Meeting there after (Up to 5 elected trustees). The board may co-opt up to 4 further trustees during the year.

Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up.

ORGANISATION

The Board of Trustees administer the charity and meet at least four times a year to take major policy decisions, receive financial reports and reports on the operation of the charity. They may set up subcommittees as required.

ORGANISATIONAL RESPONSIBILITIES

  1. Co Chairs - Ruth Donegan-Cross and Jo Bagby with effect from 4[th] November 2020

  2. Company Secretary - Andrew Caswell appointed 7 December 2016 responsible to the Board of Directors for Board Administration; responsibilities for overall organisational policies, procedures and business management.

  3. Centre Manager - Rashta Butt : appointed June 1st 2013 Responsible for day to day management of St Margaret's Centre.

RELATIONSHIP WITH OTHER CHARITIES

We work in partnership with Worth Unlimited in pursuit of our charitable objectives.

9

St Margaret’s Community Trust Financial Statements for the year ended 31 December 2022

Report of the Trustees (Continued)

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity: St Margaret’s Community Trust Ltd
(consent given by Companies House to omit the word Ltd)
Charity Number: 1129747
Company Number: 06673803 (England & Wales)
Registered Office: St. Margaret’s Church
St. Margaret’s Road
Ward End
Birmingham
B8 2BA
Directors & Trustees: Rev Ruth Donegan-Cross–Co Chair
Mrs Jo Bagby–Co-Chair
Mr Andrew Caswell - Secretary
Mr Ahmad Aziz - Treasurer
Mrs Jane Grimshaw (resigned 26th September 2022)
Mr Keith Grimshaw
Independent Examiner: Karen Hanlan Independent Examiner Limited
1 Saracen Close
Ettington
CV37 7SZ
Bankers: CAF Bank Ltd
25 Kings Hill
West Malling
Kent
ME19 4JQ

Approved by the Board and signed on its behalf by:

J Bagby Date: 5[th] July 2023 Co -Chair of Trustees

10

St Margaret’s Community Trust Financial Statements for the year ended 31 December 2022

Statement of Trustees’ R esponsibilities

The trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company and of the surplus or deficit incurred by the charitable company for that year. In preparing those financial statements the trustees are required to:

The trustees have overall responsibility for ensuring that the charitable company has an appropriate system of controls, financial and otherwise.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy, at any time, the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Charities Act 2011.

They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities and to provide reasonable assurance that:

11

St Margaret’s Community Trust Financial Statements for the year ended 31 December 2022

Independent Examiner’s Report to the Trustees of St Margaret’s Community Trust (‘the Company’)

I report to the charity trustees on my examination of the accounts of the Charitable Company for the year ended 31 December 2022 which are set out on pages 11 to 23.

Responsibilities and basis of report

As the trustees of the Charitable Company (and also 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 your charity’s accounts as 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:

I have no concerns and have come across no matters in connection with my examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mrs. K Hanlan, ACA Date: Karen Hanlan Independent Examiner Limited 1 Saracen Close Ettington CV37 7SZ

12

St Margaret’s Community Trust Financial Statements for the year ended 31 December 2022

Statement of Financial Activities (including an Income & Expenditure account)

Note
Income:
Donations & legacies
1
Charitable Activities
2
Trading Activities
3
Investments–bank interest
Total income
Expenditure:
Raising Funds
4
Charitable Activities
5
Total expenditure
Net income/(expenditure) and net
movement in funds for year
Transfers between funds
Net movement in funds after
transfers
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
11		 Un-
restricted
funds
2022
Restricted
funds
2022
Total
funds
2022
Total
funds
2021
£
£
£
£
20,255
-
20,255
988
104,367
87,205
191,572
125,448
10,888
-
10,888
5,776
61
-
61
-
135,571
87,205
222,776
132,212
2,271
1,867
4,138
4,742
106,024
135,067
241,091
187,793
108,295
136,934
245,229
192,535
27,276
(49,729)
(22,453)
(60,323)
2,004
(2,004)
-
-
29,280
(51,733)
(22,453)
(60,323)
16,674
488,518
505,192
565,515
45,954
436,785
482,739
505,192

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

All income and expenditure derive from continuing activities.

13

St Margaret’s Community Trust Financial Statements for the year ended 31 December 2022

Balance Sheet
Notes
Fixed Assets
Tangible Fixed Assets
7
Current Assets
Debtors and prepayments
8
Cash at bank and in hand
10
Current Liabilities
Creditors: amounts falling due within one year
9
Net current assets
Net assets
Funds of the charity:
Restricted Funds
11
Unrestricted Funds
Total charity funds		 2022
2021
£
£

413,997
439,872

16,354
-
74,590
69,238
90,944
69,238
(22,202)
(3,918)
68,742
65,320
482,739
505,192
436,785
488,518
45,954
16,674
482,739
505,192

The accompanying accounting policies and notes form part of these financial statements. Registered Company number: 06673803

For the year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Responsibilities of directors/trustees:

(a) The members have not required the charitable company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006 - however, in accordance with section 145 of the Charities Act 2011 the financial statements have been examined by an independent examiner whose report appears on page 10.

(b) The directors/trustees acknowledge their responsibility for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

Approved by the Trustees and signed on their behalf by:

Mrs J Bagby Co-Chair of Trustees Date: 5[th] July 2023

14

St Margaret’s Community Trust Financial Statements for the year ended 31 December 2022

Principal accounting policies

Status of the company

The charitable company is limited by guarantee and does not have share capital.

The liability of members is limited to £1 per member.

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Basis of preparation

The financial statements have been prepared in accordance with 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 (FRS102)(updated 1 January – 2019) (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.

St Margaret’s Community Trust meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Going concern statement

The financial statements have been prepared on a going concern basis which assumes that the Charitable Company will continue to operate. The validity of this assumption is dependent upon the continuance of support from the Charitable Company's key funders and stakeholders and in response to the progress made by the Company in pursuing a viable budget including the obtaining of further grants and other funds. The Charitable Company's business plan shows that it will be able to operate in the foreseeable future. Based on this understanding, the director trustees believe that it remains appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments, which would result from the basis of preparation being inappropriate.

Funds

General accumulated funds are unrestricted funds available for general purposes and include funds designated for a particular purpose; the use of such funds remains at the discretion of the trustees.

Restricted funds are funds subject to conditions imposed by the donor or by specific terms of the appeal under which the funds are raised. The restrictive conditions are binding upon the Charitable Company.

15

St Margaret’s Community Trust Financial Statements for the year ended 31 December 2022

Principal accounting policies (Continued)

Income

Items of income are recognised and included in the accounts when all of the following criteria are met:

Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Expenditure on charitable activities includes the direct costs of projects and activities undertaken to further the purposes of the charity and their associated support & governance costs.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Tangible Fixed Assets

Depreciation (when applicable) will be provided at the suitable rates in order to write each asset off over its estimated useful life.

The cost of the church refurbishment has been capitalised at cost and is being written off over the life of the lease being 25 years (4%).

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash 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.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Taxation

As a registered charity no provision is considered necessary for taxation.

Pensions

The charity contributes into a Group Personal Pension Plan for employees. This pension plan is defined contribution in nature and as required under FRS102 the annual cost is recognised as incurred and included in the Statement of Financial Activities.

16

St Margaret’s Community Trust Financial Statements for the year ended 31 December 2022

Notes to the financial statements

1. Donations & legacies

Donations
Unrestricted grants
2. Charitable Activities
Unrestricted service delivery:
Rethink Mental Health Partnership
Birmingham City Council–Mental Health First Aid Training
Other contracted activities (inc £57 restricted)
Restricted grants:
POhWER–Diverse Garden project
POhWER–Meet Your Neighbour
Awards For All–Womens Shed Project
Arnold Clark Automobile–Hampers
Church Urban Fund–Near Neighbours
Birmingham City Council–Prevention & Communities
Birmingham City Council–Be Men Together
Birmingham City Council–Commonwealth Games
Sports Birmingham–Bringing People Together
Sport England–Yoga & Keep Fit
National Lottery Community Fund–Together We Can
National Lottery Community Fund–Unity in the Community
3. Trading Activities
Fundraising
Room Hire
PCC Contribution		 2022
2021
£
£
10
501
20,245
487
20,255
988
2022
2021
£
£
78,247
-
19,500
-
6,620
-
104,367
-
-
5,000
4,974
4,974
-
10,000
-
2,500
3,057
-
26,650
26,000
10,840
-
7,000
-
1,988
-
3,062
-
-
76,974
29,634
-
87,205
125,448
191,572
125,448
2022
2021
£
£
10
1,821
9,118
2,275
1,760
1,680
10,888
5,776

17

St Margaret’s Community Trust Financial Statements for the year ended 31 December 2022

Notes to the financial statements (continued)

4. Fundraising Costs

4. Fundraising Costs
Fundraising consultant
Website Hosting & development
Fundraising marketing & Publicity
Total (including £1,867 restricted (2021 £1,621))		 2022
2021
£
£
1,925
3,200
1,095
846
1,118
696
4,138
4,742

5. Expenditure on Charitable Activities

Direct Charitable expenditure:
Direct Project costs
Staff costs
Freelance workers
Staff/volunteer Travel &
training
Support costs:
Insurance
Postage, stationary & office
Office equipment
Bookkeeping services
Software & IT
Bank charges
Membership & subscriptions
Telephone & broadband
Hygiene, waste & recycling
Lift maintenance & repair
Alarm maintenance & repair
Gas, Electricity & water
Cleaning services
Maintenance & repairs
Miscellaneous
Depreciation
Governance costs:
Independent Examiners fee
Trustee meeting expenses
Total		 Un-
Restricted
Restricted
2022
Total
Un-
Restricted
Restricted
2021
Total
£
£
£
£
£
£
13,036
38,835
51,871
883
51,614
52,497
33,895
21,126
55,021
1,268
37,591
38,859
9,556
40,643
50,199
-
38,881
38,881
18,742
1,940
20,682
134
1,208
1,342
2,707
652
3,360
2,525
592
3,117
72
147
219
70
41
111
32
46
78
-
1,149
1,149
8,861
4,451
13,312
7,797
5,208
13,005
1,339
-
1,339
108
672
780
81
17
98
98
-
98
1,181
96
1,277
354
144
498
1,107
-
1,107
1,030
-
1,030
1,276
117
1,393
978
-
978
360
-
360
360
-
360
796
-
796
950
1,015
1,965
3,734
751
4,485
848
1,585
2,433
-
-
-
87
712
799
6,241
54
6,295
1,256
1,080
2,336
1,288
278
1,566
-
-
-
-
25,875
25,875
-
25,875
25,875
1,600
-
1,600
1,500
-
1,500
120
39
159
180
-
180
106,024
135,067
241,091
20,426
167,367
187,793

18

St Margaret’s Community Trust Financial Statements for the year ended 31 December 2022

Notes to the financial statements (continued)

6. Analysis of staff costs, trustee remuneration and expenses

Salaries
National Insurance
Pension costs
Total		 2022
2021
£
£
54,310
37,927
(232)
232
943
700
55,021
38,859

The Charitable Company employed an average of 3 (2021: 2) staff during the year.

No employees had benefits in excess of £60,000 (2021: nil). Pension costs are allocated to activities in proportion to the related staffing costs incurred.

No expenses were reimbursed to Directors during the year (2021: nil).

The key management personnel of the charity comprise the trustees and the Centre Manager. Trustees receive no remuneration or other benefits from the charity. The pay of key management personnel for the year was £29,870 (2021: £30,896).

7. Tangible fixed assets

Cost
At beginning of year
Additions
At end of year
Depreciation
At beginning of year
Charge for the year
At end of year
Net Book Value
At 31 December 2022
At 31 December 2021		 Short leasehold
improvements
£
646,036
-
646,036
206,164
25,875
232,039
413,997
439,872

19

St Margaret’s Community Trust Financial Statements for the year ended 31 December 2022

Notes to the financial statements (continued)

8. Debtors

Prepayments
Income receivable
Creditors: amounts falling due within one year
Trade creditors
Accruals & other creditors
Deferred Income
. Cash at bank & in hand
CAF Bank account
Petty Cash		 2022
2021
£
£
-
-
16,354
-
16,354
-
2022
2021
£
£
9,352
308
5,047
3,610
7,803
-
22,202
3,918
2022
2021
£
£
74,588
69,230
2
8
74,590
69,238

9. Creditors: amounts falling due within one year

10. Cash at bank & in hand

20

St Margaret’s Community Trust Financial Statements for the year ended 31 December 2022

Notes to the financial statements (continued)

11. Restricted funds

The income funds of the charity include restricted funds comprising the following amounts which have been applied for specific purposes:

2022
Restricted Funds
National Lottery Community Fund–
Together We Can project
National Lottery Community Fund–
Unity in the Community project
Birmingham City Council–
Prevention & Communities
Birmingham City Council–Chai &
Chat Be Men
Birmingham City Council–
Commonwealth Games
Sport Birmingham
Sport England
Heart of England–Plot 15E
Common Threads
Church Urban Fund–Near
Neighbours
Awards For All– Women’s Sheds
POhWER–Diverse Garden
POhWER–Meet Your Neighbour
Arnold Clark–Hampers
Church Hall Capital- Depreciation
Total Restricted funds
Unrestricted funds
Total Funds		 Movement in Funds
Balance
At
beginning
of year
Income
Expenditure
Transfers
Balance
At end of
year
£
£
£
£
£
32,721
-
(30,718)
(2,003)
-
-
29,634
(21,191)
-
8,443
787
26,650
(24,855)
-
2,582
-
10,840
(1,123)
-
9,717
-
7,000
(7,000)
-
-
-
1,988
(1,049)
-
939
-
3,062
(1,955)
-
1,107
1,541
-
(1,541)
-
-
5,572
-
(5,571)
(1)
-
-
3,057
(3,057)
-
-
1,424
-
(1,424)
-
-
-
4,101
4,974
(9,075)
-
-
2,500
-
(2,500)
-
-
439,872
-
(25,875)
-
413,997
488,518
87,205
(136,934)
(2,004)
436,785
16,674
135,571
(108,295)
2,004
45,954
505,192
222,776
(245,229)
-
482,739

Transfers from the Together We Can project to General Funds relate to the loss of rental income as a result of this project taking place. This management charge was written into the Grant Agreement budget.

National Lottery Community Fund - Together We Can project ('TWC')

Our main project, funded by the National Lottery Community Fund supporting the development of our programmes in Ward End, and in particular intergenerational activities.

National Lottery Community Fund – Unity in the Community project ( ‘ UITC ’ )

UitC is the continuation and development of the Together We Can project, supporting the development of our programmes in Ward End, and in particular intergenerational activities using an asset based approach.

21

St Margaret’s Community Trust Financial Statements for the year ended 31 December 2022

Notes to the financial statements (continued)

Birmingham City Council - Prevention & Communities

Prevention and communities for over 50's well being work.

– Birmingham City Council Chat & Chai Be Men Together

From Neighbourhood Networks - Activity money for men’s work

Birmingham City Council Commonwealth Games

Bollywood Dreams project as part of the 2022 Commonwealth Games “Celebrating Communities” festival.

Sport Birmingham

Women’s Mindfulness Walking group (August 2022 to March 2023)

Sport England

25 weeks of Yoga and Keep Fit sessions (Sept 2022 to March 2023)

Heart of England - Plot 15E

Grant from the Heart of England Community Foundation to support the development on Plot 15 on the allotment site, particularly providing space for therapeutic and skills development groups.

Common Threads

The Active wellbeing society and other funds for community activity.

Church Urban Fund - Near Neighbours

– Funding the Busy Hands group supporting women’s creativity.

Awards For All – Women’s Shed Project

Creating tool kits to develop the DIY skills of women in our allotment space and for use on personal projects.

POhWER – Diverse Garden Project

Creating mini allotment plots to encourage those without gardens and new gardeners to take on growing activities, across all our diverse neighbourhood.

POhWER Meet Your Neighbour project

Connecting local communities of difference particularly connecting with the Roma and Romanian communities.

Arnold Clark – Hampers

Generosity to neighbours who are lacking in resources at this time and to improve wellbeing.

Church Building Capital- Depreciation

Funds raised for the reordering of the church building to be utilised to fund depreciation over the life of the building.

22

St Margaret’s Community Trust Financial Statements for the year ended 31 December 2022

Notes to the financial statements (continued)

2021
Restricted Funds
Birmingham City Council–Be Men
Together
Heart of England–Cleaning costs
Birmingham City Council–Covid
Food Project
Heart of England–Winter Well-Being
National Lottery Community Fund–
Covid Support
National Lottery Community Fund–
Together We Can project
Birmingham City Council- Unity Hub
Birmingham City Council–
Prevention & Communities
Heart of England–Plot 15E
Common Threads
Church Urban Fund–Near
Neighbours
Neighbourhood Forum
Awards For All– Women’s Sheds
POhWER–Diverse Garden
POhWER–Meet Your Neighbour
Arnold Clark–Hampers
Church Hall Capital- Depreciation
Total Restricted funds
Unrestricted funds
Total Funds		 Movement in Funds
Balance
At
beginning
of year
Income
Expenditure
Transfers
Balance
At end of
year
£
£
£
£
£
3,790
-
(3,790)
-
-
1,192
-
(1,192)
-
-
638
-
(638)
-
-
1,209
-
(1,209)
-
-
1,913
-
(1,913)
-
-
41,234
76,974
(79,487)
(6,000)
32,721
2,435
-
(2,435)
-
-
2,667
26,000
(27,880)
-
787
7,301
-
(5,760)
-
1,541
8,465
623
(3,516)
-
5,572
4
-
(4)
-
-
840
-
(840)
-
-
-
10,000
(8,576)
-
1,424
-
5,000
(5,000)
-
-
-
4,974
(873)
-
4,101
-
2,500
-
-
2,500
465,747
-
(25,875)
-
439,872
537,435
126,071
(168,988)
(6,000)
488,518
28,080
6,141
(23,547)
6,000
16,674
565,515
132,212
(192,535)
-
505,192

23

St Margaret’s Community Trust Financial Statements for the year ended 31 December 2022

Notes to the financial statements (continued)

12. Analysis of net assets between funds

2022
Fixed Assets for church use
Current assets
Current liabilities
Total funds
2021
Fixed Assets for church use
Current assets
Current liabilities
Total funds		 Restricted
funds
Unrestricted
funds
Total
£
£
£
413,997
-
413,997
22,787
68,157
90,944
-
(22,202)
(22,202)
436,784
45,955
482,739
Restricted
funds
Unrestricted
funds
Total
£
£
£
439,872
-
439,872
48,646
20,592
69,238
-
(3,918)
(3,918)
488,518
16,674
505,192

13. Controlling Interests

The charity is controlled by the trustees.

14. Related party transactions

There were no transactions with related parties in the year.

24

St Margaret’s Community Trust Financial Statements for the year ended 31 December 2022

Notes to the financial statements (continued)

15. Comparative statement of financial activities

Income:
Donations & legacies
Charitable Activities
Trading Activities
Total income
Expenditure:
Raising Funds
Charitable Activities
Total expenditure
Net expenditure and net movement in
funds for year
Transfers between funds
Net movement in funds after transfers
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Un-
restricted
funds
2021
Restricted
funds
2021
Total funds
2021
£
£
£
988
-
988
-
125,448
125,448
5,153
623
5,776
6,141
126,071
132,212
3,121
1,621
4,742
20,426
167,367
187,793
23,547
168,988
192,535
(17,406)
(42,917)
(60,323)
6,000
(6,000)
-
(11,406)
(48,917)
(60,323)
28,080
537,435
565,515
16,674
488,518
505,192

25