St Margaret's CommunityTrust St Margaret's Community Trust la Company Limited by Guarantee) Trustees, Report and Financial Statements for the year ended 31 December 2024 Registered Company number 06673803 Registered Charity number 1129747
St Margaret's Community Trust Financial Statements for the year ended 31 December 2024 Index Page Report of the Trustees 3-11 Statement of Trustees Responsi bilities 12 Report of the Independent Examiner 13 Statement of Financial Activities lincorporati ng an I ncome & Expenditure Accountl 14 Balance Sheet 15 Princi ple accounting policies 16-17 Notes to the financial statements 18-26
St Margaret's CommunityTrust Financial Statements for the year ended 31 December 2024 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 2024 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 IFRS102) (updated l January 2019}. CHARITABLE AIMS, OBJECTIVES AND ACTIVITIES AIMS St. Margaret's Community Trust was formed initially to redevelop, refurbish and extend the old St Margarevs 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. OBJEcfivES This broad definition of care and 5UPPOrt is broken down in the Memorandum of Association as follows- Community capacity building. To advance the education of children & young people and their parents and to provide activities for them. Promotion of health, in particular but not exclusively, by the provision of advice and information. To provide advice, assistance, advocacy and training to those who are unemployed or facing hardship. To provide and assist in the provision of facilities for recreational and other leisure time activities. Working with residents, the local authority, voluntary and other organisations to advance education and to provide facilities in the interests of social welfare.
St Margaret's Community Trust Financial Statements for the year ended 31 December 2024 Report of the Trustees (continued) BENEFICIARIES The benef iciaries 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, race or religious persuasion. We keep in close contact with local people through the activities of our Centre Manager, and through our col laborative working with other community organisations and enterprises. Our programme of activity through the year has been a variety of regular locally focussed activity, commun ity 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 Cha rity Commission's general gu idance 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 ofthe Unity Hubb- the Arabic word"Hubb" means'love" thÈ Unity Hubb Highlights of the year have included a visit in February from Baroness Scott, Minister for Social Housing and Faith. The Unity Hubb was chosen as one of only two Lottery-funded projects to feature on a special One Show programme celebrating 30 years of the Lottery. A memorable Ladies, Iftar brought women of diversity together around tables to eat and talk about what we value in ourcommunity. In the summer we celebrated 10 years ofthe Unity Hubb with a fabulous day of community activities. Our dynamic Community Hub Director was honoured in her work with an invitation to a Royal Garden Party.
St Margarevs Community Trust Financial Statements for the year ended 31 December 2024 Report of the Trustees (continued) Trips have included Stratford-on-Avon, a Council House tour and Whitwick Manor (funded by the National Trust). Each of these trips provided a window into a fascinati ng place of real difference. and was appreciated by all who took part. We also hosted a group of community development practitioners from across the city who came on a "Treasure Tourf, to see our community development work. The whole community was involved in creating a Winter Wonderland in the grounds of St Margaret's at Christmas with hand-made decorations and lights, a shadow puppet show, and inside the church a stunning Santa's Grotto. Local children were welcomed in to meet Santa and receive gifts. In June we reached the end of the second year of our 5-year Lottery-funded 'Unity in the Communit¢ project. During this second year, our learning has continued with listening and evaluation at the heart of all we do. We pay attention to all that ourAnnual Community Survey tells us. and this year have initiated a Community Evaluation Group to further investigate our work. Community Conversations aim to listen to local voices and think about what success might look like for us. Local people identified that success for us includes developing understanding of cultural differences, being a safe place to be heard and growing a sense of belonging to the neighbourhood. Our Theory of Change, continues to develop. We aim to always be an open and hospitable space where all are welcome and relationships develope. Four 'lenses' explain how we seek to operate and evaluate the things we do: Nurture Trust, Welcome Participation, Inspire Abundance and Ripple Generosity- Our Theory of Change describes the Unity Hubb's journey of trust, participation and growing community. and underpins our approach to community development, running like a golden thread through everything we do. Learning circles for staff help grow understanding of what these lenses look like in practice. Local people want to give back to the Hubb through sharing their gifts, talents, skills and passions- as well as their time. This means that over half of our activitie5 are now hosted and led by local volunteers.
St Margaret's Community Trust Financial Statements for the year ended 31 December 2024 Report of the Trustees (continued) We have continued tojourney with youth and children's work. We had already come to understand that building trust with families was really important in ourcommunity. Our Families, Connector developed intergenerational activities alongside the Unity Hubb Team. Overthe yearwe have hosted Families, Club, Girls, Group, and a Junior Club- these have all been popular. On Saturdays, we have also experimented with a DJ workshop and a Musical Youth project. Two young people have developed from being participantsto volunteers and are now paid sessional workers. A challenge has been space, and at the end of 2024 plans were being developed for a move to a larger local venue. The departure of a key member of staff has provided the opportunity to develop youthwork further with youthwork expertise input. In terms of younger children, Stay and Play on Thursdays is thriving and play training has been really successful. Activities a re grouped under different areas- focussing on improvi ng emotional wellbeing, enhancing physical wellbeing, inspiring community through gathering informa Ily and growing relationships by making, doing and creating together. When it comes to children and young people activities, we focus on helping young people grow f riend5hips and be active together, learn new skills, increase confidence and grow confidence. The team are attentive to ideas that local people have about activities they would like to run- and small amounts of funding enable these activities to take place. The Busy Hands group ofwomen create and make things, teachi ng one another new skills- this year crochet, knitting, embroidery, diamond art, paperflowers and paper quilling. Ladies Fitness is always popular- overthe yearthis ha5 included boxi ng, stretch, circuit training, chair exercise and Aerobics. Our regularchai and Chat has been enhanced by the'cuppa Squad, from Diabetes UK who come along to raise awareness and support with diabetes. Chrome tjooks have enabled local people to gain confidence with IT skills. We are registered as a 'Warm Welcome, space. Cook Together Eat Together is always popular- local women share recipes and cook together before sitting to enjoy a meal together. The sewing group has thrived with meaningful sharing of skills and knowledge, with partici pants growing in conf idence and knowledge. Some wonderful upcycling workshops led to creative restoration of furniture and a brilliant fundraising auction of the items people had restored. kk
St Margareys Community Trust Financial Statements for the year ended 31 December 2024 Report of the Trustees (continued) The Village Green area outside the front of church has continued to be well-used, and the National Trust invested in developing the space as one of their'pocket parks" Local people have decorated and cultivated planters. Our Green Connector has developed work on the Village Green and the local allotments, with growi ng, composting and creative activities around natural materials and recycling. The Men's Group is small but growing in depth. The men like to chat, go for wal ks, and enjoy coffee in cafes- their relationships have deepened and their wellbeing improved as a result of community connection. Creative English is always popular and helps people learn how to communicate in everyday situations. The staff have 311 trained in mental health first aid, and four members have undertaken community conversation training. Partnerships Inspire Fitness Inspire fitness have delivered sessions for local men and women separately, bringing in rental income. Warwickshire Cricket Club This partnership led to some fanatic sessions of seated cricket, and a trip for 45 ladies to Edgbaston Cricket Ground- a completely new experience for most of them. Equans The Equans Team have come along to help with litter picking- much needed in the neighbourhood. Cadent Thanks to Cadent, we are a Warm Welcome Centre. Cadent have donated slow cookers to many local people. They have built awareness of their priority register and did some fantastic Carbon Monoxide Training, providing free carbon monoxide detectors for people in the community- People for People Building on the"Meet your Neighbourf, workthat we have already done to build relationships with the local Romanian community, we have established a new partnership with
St Margaret's Community Trust Financial Statements for the year ended 31 December 2024 Report of the Trustees (continued) Birmingham-based People for People. The aim is to offer targeted support and draw the community into our wide range of community-building activities. Ward End Fire Station This year we have continued to work with the Fire Station and benefitted from the space they have offered us. The Fire Station celebrated 50 years in July- we worked together with them to plan a special event for the community Governance The Board have continued to strengthen our expertise and ski Ils. We continue to invite external support to develop us where we need it and pay attention to our risk register. Board recruitment has been a challenge but we have a much clearer and more effective strategy for recruitment now. We have established a Finance Sub-committee which enables us to give more time to our increasingly complex financial commitments. We havè all undertaken"Safe and Well" Safeguarding Training together as we seek to deliver better our governance responsibilities th rough our safeguarding action plan. We have a clear fundraising strategy and work with an excellent fundraiser- this helps us focus on our core funding needs as an organisation, as well as raising resources for our increased activity levels. Data collection, evaluation and reporting provide cla rity around performance in order to achieve funding targets and individual stories are also gathered in order to tell our story. Heritage Our building continues to be well maintained and well used as both a community and heritage venue. How our activities deliver public benefit Our aim is to provide care and support to the people of Ward End, and we want to do this in the most empowering way possible, and that's why we always seek to work in an asset-based way. All of our activities are centred on resourcing and developing local peopleto strengthen their learning, opportunitie5 and capacity for the benefit of themselves and the wider community. Our activities aim to transform the lives of everyone in our neighbourhood including those who are most at the edges by giving them opportunities to reconnect, improve their quality of life and make meaningful contribution to their neigh bou rhood. We intentionally work across the full diversity of faith, culture, gender, ethn icity, 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 to flourish.
St Margaret's CommunityTrust Financial Statements forthe year ended 31 December 2024 Report of the Trustees (continued) For the future 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 value the contribution of effective partnerships that add to our offer. Responding to the challenges of lack of space, we are keen to build on our developing work at Christ Church Burney Lane. We are also working hard to develop the right team and accountability structures as we work with a growing number of employed, self-employed and volunteer facilitators. FINANCIAL REVIEW We have had another good year with our fundraising which has enabled us to maintain our provision at a similar Sevel to last year. The foundation of our 5 year funding from the National Lottery has helped us to secure match funds from elsewhere. We are grateful for the work of our fundraising partner, Steve Moralee, for his help in this regard. We continue to keep a close eye on our overheads and keep these to a minimum. This, alongside our successful fundraising has enabled us to finish another year with a stronger balance of Unrestritted reserves. 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 available in unrestricted funds and over this year we were able to increase this reserve to £30,000 to reflect our growth over the past couple of years.
St Margaret's Community Trust Financial Statements for the year ended 31 December 2024 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 Idated.. 13th July 20091. 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 duri ng the yea r. 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 Boa rd of Trustees administer the charity and meet at least four times a year to take major policy decisions, receive fina ncial reports and reports on the operation of the charity. They may set up sub- committees as required. ORGANISATIONAL RESPONSIBILITIES th Co Chairs - Ruth Donegan-cross and Jo Bagby with effect from 4 November 2020 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. th Trea5urer- Ahmad Aziz appointed on 5 April 2017 responsible to the Board of Directors for finances, budget monitoring and overseeing ban k mandates. Centre Manager- Rashta Butt.. appointed June 1st 2013 Responsible for day to day management of St Margaret's Centre. 10
St Margaret's CommunityTrust Financial Statements for the year ended 31 December 2024 Report of the Trustees (continued) REFERENCE AND ADMINISTRATIVE INFORMATION Name of Charity: St Margaret's Community Trust Ltd (consent given by Companie5 House to omit the word Ltd) Charity Number: Company Number: 1129747 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 Mr Keith Grimshaw Mrs Hilary Shore Lynch Iresigned 10 July 2024) Independent Examiner: Karen Hanlan Independent Examiner Limited I 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 Co -chair of Trustee5 Date- 8" July 2025
St Margaret's Community Trust Financial Statements for the year ended 31 December 2024 Statement of Trustees, Responsibilities The trustees are required to prepare f inancial 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. I n preparing those fina ncial statements the trustees are required to.. select suita ble accounting policie5 and then apply them consistently,. make judgments and estimates that are reasonable and prudent,. State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the account5; and prepare the financial statements on the going concern basis unless it 15 inappropriate to presume that the charitable company will continue to exist. The trustees have overall responsibility for ensuri ng that the charitable company has an appropriate system of controls, f inancial 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 f raud and other irregularities and to provide reasonable assura nce that: the charitable company is operating eff iciently and effectively; its assets are safeguarded against unauthorised use or disposition; proper records are maintained and financial information used within the charity orfor publication is reliable,. the charitable company complies with relevant laws and regulations. 12
St Margaret's Community Trust Financial Statements for the year ended 31 December 2024 Independent Examinerfs Report to the Trustees of St Margaret's Community Trust {'the Companw) I report to the charity trustees on my examination of the accounts of the Charitable Company for the year ended 31 December 2024 which are set out on pages 14 to 26. Responsibilities and basis of report As the trustees of the Charitable Company land 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 20061'the 2006 Act'l. 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 yourcharity's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinerfs 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- accounting records were not kept in respert of the Company as required by section 386 of the 2006 Act,. or the accounts do not accord with those records,- or the accounts do not comply with the accounting requirement5 of section 386 of the 2006 Act other than the requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination; or 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 account5 in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland IFR5102}. 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 Karen Hanlan Independent Examiner Limited I Saracen Close Ettington CV37 7SZ Date= 202S 13
St Margaret's Community Trust Financial Statements for the year ended 31 December 2024 Statement of Financial Activities (including an Income & Expenditure account) restricted Restricted funds funds 2024 2024 Total fund5 2024 Total funds 2023 Note Income: Donations & legacies Charitable Activities Tradi ng Activitie5 Inve5tments- bank interest Total income 46,096 9,624 9,790 202 65,712 500 175,829 46,596 185,453 9,790 202 242,041 41,230 229,504 8,965 163 279,862 176,329 Expenditure: Raisin8 Funds Charitable Activities 1,925 53.544 595 210,676 2,520 264,220 3,035 244,000 Total expenditure 55,469 211,271 266,740 247,035 Net income/(expenditure) and net movement in funds for year 10,243 134,942) {24,699} 32,827 Transfers between funds Net movement in funds after transfers 10,243 134,9421 (24,699) 32,827 Reconciliation of funds: Total f u nds brought forward 43,158 472,408 515,566 482,739 Total funds carried forward li 53,401 437,466 490,867 515,566 The statement of f inancial activities includes all gains and losses recognised i n the year. All income and expenditure derive f rom continuing activities. 14
St Margaret's Community Trust Financial Statements forthe year ended 31 December 2024 Balance Sheet Notes 2024 2023 Fixed A55ets Tangible Fixed Assets 362.247 388,122 Current Assets Debtors and prepayments Cash at bank and in hand 3,038 134,689 137,727 1,260 138,740 140,000 io Current Liabilities Creditors.. amounts falling due within one year (9.107) 112,5561 Net current a55et5 128,620 127,444 Net assets 490,867 515,566 Fund5 of the charity: Restricted Funds Unrestricted Funds Total charity funds li 437,466 53,401 490.867 472.408 43,158 515,566 The accompanying accounting policies and notes form part of these financial statements. Registered Company number.. 06673803 For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Art 2006 relating to small companie5. Responsibilities of directorsltrustees: lal 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 Art 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 13. Ibl The directorsltrustees acknowledge their responsibility for complying with the reouirements 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: s J Bagby Co-chair of Trustees Date.. 8, July 2025 15
St Margaret's Community Trust Financial Statements for the year ended 31 December 2024 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 pri ncipal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the f inancial statements are as follows.. Basis of preparation The f ina ncial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recom mended Practice applicable to charities preparing their 3ccounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102llupdated l January 20191- (Charities SORP IFR510211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFR51021 and the Companies Act 2006. St Marga ret's Community Trust meets the definition of 3 public benef it entity under FR5102. Assets a nd lia bilities are initially recogn ised at historical cost or transaction va lue unless otherwise stated i n the relevant accounting policy notels). Going concern statement The financial statements have been prepa red 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'5 business plan shows that it will be able to operate in the foreseea ble future. Based on this understanding, the director trustees believe that it remains appropriate to prepare the financial statements on a goi ng concern basis. The financial statements do not include any adjustments, which would result from the basis of preparation bei ng inappropriate. Funds General accumulated funds are unrestricted funds available for general purposes and include funds designated for a particular purpose,- the use of such f unds remains at the discretion of the trustees. Restricted funds are funds subject to conditions imposed by the donor or by specif ic terms of the appeal under which the funds are raised. The restrictive conditions are binding upon the Charitable Company. 16
St Margareys Community Trust Financial Statements for the year ended 31 December 2024 Principal accounting policies (Continued) Income Items of income are recognised and included in the accounts when all of the following criteria are met: The charity has entitlement to the funds. any performance conditions attached to the item(s) of income have been met or are fully within the control of the charity; there is sufficient certainty that receipt of the income is considered probable. and the amount can be measured reliably. Donated services and facilities are included at the value to the Charitable Company where this can be quantified. The value of service5 provided by volunteers has not been included in these accounts. Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or construrtive 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 include5 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 attivity for which the expenditure was incurred. Tangible Fixed Assets Depreciation (when applicable) will be provided at the suitable rates in order to write each a55et 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%1. 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 nece55ary 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. 17
St Margarevs Community Trust Financial Statements for the year ended 31 December 2024 Notes to the financial statements l. Donattons & legacies 2024 2023 Donations Unrestricted grants 4,896 41,700 46,596 1,230 40,000 41,230 2. Charitable Activities 2024 2023 Unrestricted service delivery: Rethink Mental Health Partnership Other grants Other contracted activities 16,043 1,340 8,284 9,624 5,790 21,833 Restricted grants: POhWER- Meet Your Neighbour Church Urban Fund- Near Neighbours Birmingham City Council - Prevention & Communities Birmingham City Council - Levelling Up Birmingham City Council - Commonwealth Games Birmingham City Council - Celebrating Communities Birmingham City Council - NDSU Birmingham City Council- Warm Welcome Birmingham City Council- Pohwer Creative Hands Birmingham City Council- Pocket Park Yorke Trust National Lottery Community Fund- Unity in the Community National Lottery Community Fund - Musical Youth Severn Trent Community Foundation - Village Green Projert Heart of England - Meet Your Neighbour Eveson Trust 14,880 25,000 14,750 25,750 2,750 5,375 4,000 3,000 4,000 4,643 5.000 4,890 95,000 19,812 2,734 iio,000 24,636 9,780 7,500 175,829 185,453 207,671 229,504 3. Trading Activities 2024 2023 Fundraising Room Hire PCC Contribution 452 7,258 2,080 9,790 7,525 1,440 8,965 18
St Margareys Community Trust Financial Statements for the year ended 31 December 2024 Notes to the financial statements (continued) 4. Fundraising Costs 2024 2023 Fundraising consultant Website H05ting & development Fundraising marketing & Publicty 1,925 476 lig 2,231 346 458 Total (including £595 restricted (2023- £1,755)} 2,520 3,035 5. Expenditure on Charitable Activities 2024 Total Restricted Restricted 2023 Total Restritted Restricted Dirert Charitable expenditure.. Dirett Project costs Staff costs Freelance workers Staff/volunteer Travel & training Support Costs.. Insurance Print, Postage & stationary Office equipment Bookkeeping services Software & IT Bank charges Membership & subscriptions Telephone & broadband Hygiene, waste & recycling Lift maintenance & repair Alarm maintenance & repair Gas, Electricity & water Maintenance & repairs Depreciation Governance costs.. Independent Examiners fee Trustee meeting expenses 8,997 23,285 150 41,128 50,125 91,423 114.708 31,178 31,328 io,oii 24,373 19,165 42,002 59,197 22,534 52,013 83.570 41.699 1,235 2,036 3,271 783 2,106 2,889 383 853 380 8,599 307 61 573 685 1,365 194 553 1,319 2,855 3,372 274 287 4,066 815 3,755 1,127 667 12,665 1,122 68 573 IA70 1,735 388 553 6,961 6.079 25.875 1,555 2,081 353 329 8,440 946 32 594 582 758 3,636 839 399 14.566 1.230 72 724 1,297 1,602 192 846 3.827 6,634 25,875 70 6,126 284 40 130 715 844 192 785 370 194 5,642 3,224 25,875 1,439 4,748 2,388 1,886 25,875 1,750 1,750 1,750 150 1,750 340 190 Total 53,544 210,676 264.220 73,707 170,293 244,000 19
St Margarevs Community Trust Financial Statements for the year ended 31 December 2024 Notes to the financial statements (continued) 6. Analysis of staff costs, trustee remuneration and expenses 2024 2023 Salaries National Insurance Pension costs 108,774 3.743 2,191 81,726 251 1,593 Total 114,708 83,570 The Charitable Company employed an average of 4.4 {2023: 3.4) staff during the year. No employees had benefits in excess of £60,00012023: nil). Pension costs are allocated to activitie5 in proportion to the related staffing costs incurred. No expenses were reimbursed to Directors during the year {2023: nill. 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 £36,297 (2023: £35,220). 7. Tanglble flxed assets Short leasehold improvements Cost At beginning of year Additions 646,036 At end of year 646,036 Depreciation At beginning of year Charge for the year At end of year 257.914 25,875 283,789 Net Book Value At 31 December 2024 362,247 At 31 December 2023 388,122 20
St Margaret's Community Trust Financial Statements forthe year ended 31 December 2024 Notes to the financial statements (continued) 8. Debtor5 2024 2023 Prepayments Income receivable 3,038 3.038 1,260 1,260 9. Creditors: amounts falling due within one year 2024 2023 Trade creditors Accruals & other creditors Deferred Income 365 3,742 5.000 9,107 4,764 7,792 12,556 10. Cash at bank & in hand 2024 2023 CAF Bank account Equals card account 134,209 138,539 480 201 134,689 138,740 21
St Margaret's Community Trust Financial Statements for the year ended 31 December 2024 Notes to the financial statements (continued) 11. Restricted funds The income funds of the charity i nclude restricted fvnds com pri5ing the following amounts which have been appl led for specific purpose5'. Movement in Funds Balance At beginning of year Balance At end of 2024 Income Expenditure Transfers year Restricted Fund5 National Lottery Community Fund- Unity in the Community project National Lottery Community Fund- Musical Youth project Birmingham City Council- Prevention & Communities Birmingham City Council- Chai & Chat Be Men Birmingham City Council- Levelling Up Birmingham City Council- Celebrating Communities Birm ingha m City Council - Pocket Park Birmingham City Council-warm Welcome Birmingham City Council- Pohwer Creative Hands Inspiring Fitness POhWER- Meet Your Neighbour Severn Trent - Village G reen Project Heart of England- Meetyour Neighbour Eveson Trust Grantham Yorke Church Hall Capital- Depreciation 51,999 95,000 197,1111 49,888 19,812 14,9501 14,862 1,481 25,000 126,8661 13851 2,263 12,2241 39 14,750 114,7501 2,564 12,564} 5,000 15,0001 4,000 11,1451 2,855 4,643 500 (2,2591 15001 17,4081 115, 1501 2,384 7,408 13,102 2,734 686 2,825 2,644 12,8251 12,644 4,890 4,890 362,247 388,122 125,875} Total Restricted funds Unrestrictedfund5 Total Funds 472,408 176,329 43,158 65,712 515,566 242,041 1211,2711 155,4691 (266,740) 437,466 53,401 490,867 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 pa rticular intergenerational activities using an asset based approach. National Lottery Community Fund - Musical Youth project Awa rds for All f unding to provide music lessons and activities for children and young people. 22
St Margaret's Community Trust Financial Statements for the year ended 31 Decernber 2024 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 - Artivity money for men's work. Birmingham City Council- Levelling Up Funding to help develop leadersh ip capacity and strategic ambition for East Birmingham. Birmingham City Council - Celebrating Communities A weekly sewing group for local citizens to attend over a 12 month period. Birmingham City Council - Pocket Park For development of the Village Green triangle directly outside Unity Hubb. Birmingham City Council- Warm Welcome Contribution to our core costs over the winter as we provided a safe and warm environment for local residents. Birmingham City Council- Pohwer Creative Hands Creative activities for elderly residents. Inspiring Fitness Activities to enable neighbours to access exercise sessions. Birmingham City Council - POhWER Meet Your Neighbour project Connecting local communities of difference particularly connecting with the Roma and Romanian communities. Severn Trent- Village Green Projert Developing a Village Green on the land outside St Margarets Church and to develop a green corridor along St Margarets Road to join the village green with our allotments. Hearth of England- Meet Your Neighbour Project Connecting local communities of difference particularly connecting with the Roma and Romanian communities. Eveson Trust Work with young women. Grantham Yorke Trust Towards youth work provision. 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 23
St Margaret's Community Trust Financial Statements for the year ended 31 December 2024 Notes to the financial statements (continued) Movement in Fund5 Balance At beginning of year Balance At end of year 2023 Income Expenditure Transfers Restricted Fund5 National Lottery Community Fund- Unity in the Community project Birmingha m City Council - Prevention & Communities Birmingham City Council-chai & Chat Be Men Birmingham City Council- Commonwealth Games Birmingham City Council- Celebrating Communities Birmingham City Council- NDSU Birmingham City Council- Warm Welcome Sport Birmingham Sport England POhWER- Meet Your Neighbour Severn Trent- Village Green Project Heart of EnEland- Meet Your Neighbour Eveson Trust Church Hall Capital- Depreciation 8,443 110,000 166,4441 51.999 2,582 25,750 126,8511 1,481 9,717 17,454 2,263 2,750 12,7501 5,375 4,000 12,8111 14.0001 2,564 3,000 13,0001 19391 11,1071 17,4721 111,5341 939 1,107 14,880 24,636 7,408 13,102 9,780 7,500 16,9551 14,8561 125,875} 2,825 2,644 388,122 413,997 Total Restricted funds Unrestrictedfunds Total Funds 436,785 207,671 45,954 72,191 482,739 279,862 1172,0481 174,9871 (247,035) 472,408 43,158 515,566 24
St Margarevs Community Trust Financial Statements for the year ended 31 December 2024 Notes to the financial statements (continued) 12. Analysis of net assets between funds Restricted funds Unrestricted funds 2024 Total Fixed Assets for church use Current assets Current liabi lities 362.247 75,219 362,247 137,727 19,107) 62,508 19,107} Total funds 437,466 53,401 490,867 Restricted funds Unrestricted funds 2023 Total Fixed Assets for church use Current assets Current liabi lities 388,122 84,286 388,122 55,714 140,000 (12.556) 112,5561 Total funds 472,408 43,158 515,566 13. Controlling Interests The charity is controlled by the trustees. 14. Related party transactions There were no transactions with related parties in the year. 25
5t Margaret's Community Trust Financial Statements for the year ended 31 December 2024 Notes to the f inancial statements (continued) 15. Comparative statement of financial activities Un- restricted funds 2023 Restricted funds 2023 Total funds 2023 Income: Donations & legacies Charitable Activities Trading Activities Investments bank interest Total income 41,230 21,833 8,965 163 72,191 41,230 229,504 8,965 163 279,862 207,671 207,671 Expenditure: Raising Funds Charitable Activities 1,280 73,707 1,755 170,293 3,035 244,000 Total expenditure 74,987 172,048 247,035 Net (expenditure)/income and net movement in funds for year (2,796) 35,623 32,827 Transfers between funds Net movement in funds after transfer5 12,7961 35,623 32,827 Reconciliation of funds: Total funds brought forward 45,954 436,785 482,739 Total funds carried forward 43,158 472,408 515,566 26