| Page | |||||
|---|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 10 | ||
| Report ofthe Independent Auditors |
11 | to | 13 | ||
| Statement of Financial | Activities | ||||
| Balance Sheet | 15 | ||||
| Notes to the Financial | Statements | 16 | to | 21 | |
| Detailed Statement of | Financial | Activities | 22 | to | 23 |
| RISK | MANAGEMENT | ACTION | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| WAITS fails | to | achieve objectives | Ensure monitoring of business |
Br | CEO and Trustees | |||||
| and targets | outlined | in business | plan | operational plan at Business Planning |
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| Sub-Group meetings and Trustee Board |
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| meetings | ||||||||||
| Gather information for evaluation and |
CEO, Operations | |||||||||
| monitoring ofWAITS services through |
Co-ordinator | and Staff | ||||||||
| WAITS outcomes and activities |
database | |||||||||
| Carry out monthly staff supervisions to |
CEO, Operations | |||||||||
| ensure staff targets are on schedule and |
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| monitor | Co-ordinator | |||||||||
| staff development programme |
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| Operations | ||||||||||
| Ensure regular communication | of issues | Co-ordinator | ||||||||
| or challenges at weekly staff meetings |
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| Inadequate | revenue | funding | in the | Fundraising strategy in place - |
monitored | CEO and Trustees | ||||
| short, medium | and long term | at Trustee Board meetings | ||||||||
| Reserves Policy in place and monitored |
CEO and Trustees | |||||||||
| Fundraiser in place |
CEO and Trustees | |||||||||
| Inadequate | funding | for the groups | we | Fundraising strategy in place developing |
||||||
| are working | with | partnerships and commissioning |
CEO and Trustees | |||||||
| opportunities with public sector |
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| Income Generation Strategy in |
place. Monitored | CEO and Trustees | ||||||||
| by Trustees | ||||||||||
| High staff turnover | Ensure ongoing communication |
with staff and | CEO and Operations | |||||||
| management | Co-ordinator | |||||||||
| Operations | ||||||||||
| Document supervisions and team meetings |
Co-ordinator | |||||||||
| Secure funding in place |
CEO and Trustees | |||||||||
| Operations | ||||||||||
| WAITS workers | unable to meet | Staff development programme |
Co-ordinator | |||||||
| delivery of operational | plan due | |||||||||
| to limited capacity | Ensure regular progress checks |
with staff | CEO and Operations | |||||||
| Co-ordinator | ||||||||||
| Operations | ||||||||||
| Document supervisions and team meetings |
Co-ordinator | |||||||||
| Agree corrective action referring | to the | CEO and Operations | ||||||||
| operational plan including possibility of |
Co-ordinator | |||||||||
| existing or new resources taking | on some | |||||||||
| ofthe work |
| Consider | additional | contingencies to deliver |
contingencies to deliver |
contingencies to deliver |
contingencies to deliver |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| outputs | at Board meeting | CEO and Trustees | ||||||||||||
| Ensure monitoring | of | outputs | and outcomes and | CEO and Trustees | ||||||||||
| outcomes | in operational | plan | at Business | |||||||||||
| Planning | sub-group | meetings. | ||||||||||||
| Additional | monitodng | of Business Planning | CEO and Trustees | |||||||||||
| Sub-Group | carried | out | at | Board Meetings | ||||||||||
| WAITS unable to adequately | monitor | Ensure quality standards | met | |||||||||||
| and evaluate need, | outputs, outcomes |
PQASSO | level 1 in | place | CEO and Trustees | |||||||||
| and impact ofworld | territorialism | by | ||||||||||||
| other stakeholders, | agencies | and | ||||||||||||
| referral partners. | ||||||||||||||
| Lack ofco-operation | from other | Ensure good networks | and communication | CEO and Trustees | ||||||||||
| stakeholders, agencies and referral |
systems | with stakeholders, | agencies and | |||||||||||
| partners | referral partners | |||||||||||||
| REFERENCE AND ADMINISTRATIVE | DETAILS | |||||||||||||
| Registered Company |
number | |||||||||||||
| 07155976 (England | and | Wales) | ||||||||||||
| Registered Charity |
number | |||||||||||||
| 1135026 | ||||||||||||||
| Registered office | ||||||||||||||
| 235 Dudley Road | ||||||||||||||
| Winson Green | ||||||||||||||
| Birmingham | ||||||||||||||
| B184EI | ||||||||||||||
| Trustees | ||||||||||||||
| K Bailey Director | ||||||||||||||
| Mrs S gateman Treasurer |
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| M L Cadogan Director |
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| D Labassiere Director |
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| D S Matharoo Chair (resigned |
10.11.20) | |||||||||||||
| E M Braham Company | Director | |||||||||||||
| B K Gill Company Director |
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| H Slater Legal Representative | ||||||||||||||
| T LSwani Chief Executive | Charitable | Trust | (appointed | 21.7.20) | ||||||||||
| Company Secretary | ||||||||||||||
| Mrs M Lewinson | ||||||||||||||
| Auditors | ||||||||||||||
| Nicklin Audit Limited |
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| Chartered Accountants |
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| Statutory Auditors |
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| Church Court |
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| Stourbridge Road |
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| Halesowen | ||||||||||||||
| West Midlands | ||||||||||||||
| 863 3TT |
| for the year ended 3 | 1March 202 | 1 | |||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| fund | fund | funds | funds | ||||
| Notes | E | E | E | E | |||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
17,922 | 357,761 | 37S,683 | 316,019 | |||
| Charitable activities |
|||||||
| Charitable activities |
|||||||
| 49,929 | 49,929 | 79(897 | |||||
| Other trading activities |
284 | 284 | 497 | ||||
| Investment income |
24 | 24 | |||||
| Total | 68,159 | 357,761 | 425,920 | 396,413 | |||
| EXPENDITURE ON | |||||||
| Raising funds | 23,749 | 23,749 | 27,836 | ||||
| Charitable activities | |||||||
| Charitable activities |
|||||||
| 37,489 | 268,597 | 306,086 | 253,464 | ||||
| Total | 61,238 | 268,597 | 329,835 | 281,300 | |||
| NET INCOME | 6,921 | 89,164 | 96,085 | 115,113 | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought | forward | 66,302 | 105,448 | 171,750 | 56,637 | ||
| TOTAL FUNDS CARRIED FORWARD | 73,223 | 194,612 | 267,835 | 171,750 |
| Balance Sheet 31March 2021 |
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|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | I | I | I | I | ||
| FIXEDASSETS | ||||||
| Tangible assets | 9 | 6,040 | 10,000 | 16,040 | 1,879 | |
| CURRENT ASSETS | ||||||
| Debtors | 10 | 7,810 | 43,489 | 51,299 | 29,901 | |
| Cash at bank and | in hand | 78r999 | 141&123 | 220&122 | 157399 | |
| 86~809 | 184)612 | 271~421 | 187(300 | |||
| CREDITORS | ||||||
| Amounts falling due within one year |
11 | (19,626) | (19,626) | (17,429) | ||
| NET CURRENT ASSETS | 67,183 | 184,612 | 251,795 | 169,871 | ||
| TOTAL ASSETS | LESSCURRENT LIABILITIES | 73,223 | 194,612 | 267,835 | 171,750 | |
| NET ASSETS | 73,223 | 194,612 | 267,835 | 171I750 | ||
| FUNDS | 12 | |||||
| Unrestricted funds |
73I223 | 66,302 | ||||
| Restricted funds | 194,612 | 105I448 | ||||
| TOTAL FUNDS | 267,835 | 171,750 |
| for t 3. |
he year ended 31 March 202 INVESTMENT INCOME |
1 | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| E | E | |||
| Deposit account interest | 24 | |||
| 4. | NET INCOME/(EXPENDITURE) | |||
| Net income/(expenditure) | is stated aRer charging/(crediting): | |||
| 2021f | 2020f | |||
| Auditors' remuneration |
2,000 | |||
| Depreciation - owned assets |
5,672 | 2,019 |
| STAFF COSTS | |||||||
|---|---|---|---|---|---|---|---|
| 2021f | 2020f | ||||||
| Wages and salaries | 168,867 | 126,84S | |||||
| Social security costs | 9,308 | 6,248 | |||||
| Other pension costs | 4,204 | 3,037 | |||||
| 182,379 | 136,130 | ||||||
| The average monthly |
number of | employees | during the year was | as follows: | |||
| 2021 | 2020 | ||||||
| Staff | 8 | 7 | |||||
| No employees received emoluments |
in excess ofE60,000. | ||||||
| COMPARATIVES FOR THE STATEMENT | OF FINANCIAL ACTIVITIES | ||||||
| Unrestricted | Restricted | Total | |||||
| fundf | fund E |
funds E |
|||||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
169,413 | 146,606 | 316,019 | ||||
| Charitable activities | |||||||
| Charitable activities |
|||||||
| 79,897 | 79,897 | ||||||
| Other trading activities |
497 | 497 | |||||
| Total | 249,807 | 146,606 | 396,413 | ||||
| EXPENDITURE ON | |||||||
| Raising funds | 27,836 | 27,836 |
| to the Financial Statements - continued year ended 31 March 2021 |
to the Financial Statements - continued year ended 31 March 2021 |
to the Financial Statements - continued year ended 31 March 2021 |
to the Financial Statements - continued year ended 31 March 2021 |
to the Financial Statements - continued year ended 31 March 2021 |
|||
|---|---|---|---|---|---|---|---|
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | - continued | ||||||
| Unrestricted Restricted |
Total | ||||||
| fund | fund | funds | |||||
| E | E | E | |||||
| Charitable | activities | ||||||
| Charitable activities |
|||||||
| 156,010 97,454 |
253,464 | ||||||
| Total | 183I846 97,454 |
281,300 | |||||
| NET INCOME | 65,961 49,152 |
115,113 | |||||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds | brought forward | 341 | 56,296 | 56,637 | |||
| TOTAL FUNDS | CARRIED FORWARD | 66,302 | 105(448 | 17II750 | |||
| DONATIONS | |||||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2021 | |||||
| Donations | |||||||
| General donations | 17,922 | 17,922 | |||||
| Grants | |||||||
| Lloyds Bank Foundation | 44,604 | 44,604 | |||||
| Big Lottery | 117,612 | 117,612 | |||||
| Oak Foundation | 81,989 | 81,989 | |||||
| Henry Smith | 40,800 | 40,800 | |||||
| Nationwide | |||||||
| Trusthouse | 26,000 | 26,000 | |||||
| MHCLG | 36,756 | 36,756 | |||||
| Garfield Weston | 10,000 | 10,000 | |||||
| 17922 | 357761 | 375 683 | |||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2020 | |||||
| Donations | |||||||
| General donations |
39,910 | 39,910 | |||||
| Grants | |||||||
| Harborne Parish |
Lands | 3,243 | 3,243 | ||||
| Lloyds Bank Foundation | 33,000 | 33,000 | |||||
| Big Lottery | 78,707 | 78,707 | |||||
| Nationwide | 47,170 | 47,170 | |||||
| Oak Foundation | 43,489 | 43,489 | |||||
| Henry Smith | 40,600 | 40,600 | |||||
| Awards for All | 9,900 | 9,900 | |||||
| Trusthouse | 20,000 | 20,000 | |||||
| 86 053 | 229rr | ~31 1 |
| for t | he year ended 31 March 2021 | he year ended 31 March 2021 | |||
|---|---|---|---|---|---|
| 9. | TANGIBLE FIXEDASSETS | ||||
| Fixtures | |||||
| and | Computer | ||||
| fittings f |
equipment f |
Totals f |
|||
| COST | |||||
| At 1April 2020 | 37,719 | 37,719 | |||
| Additions | 19,833 | 19,833 | |||
| At 31March 2021 | 37,719 | 19,833 | 57,552 | ||
| DEPRECIATION | |||||
| At 1 April 2020 | 35,840 | 35,840 | |||
| Charge for year | 714 | 4,958 | 5,672 | ||
| At 31March 2D21 | 36,554 | 4,958 | 41,512 | ||
| NET BOOK VALUE | |||||
| At 31March 2021 | 1,165 | 14,875 | 16,040 | ||
| At 31March 2020 | 1,879 | IJ879 | |||
| 10. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 2021 | 2020 | ||||
| E | E | ||||
| Prepayments | 51,299 | 29,901 | |||
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2021 | 2020 | ||||
| E | f | ||||
| Trade creditors | 7,862 | 8,717 | |||
| Social security and other | taxes | 4,797 | 4,145 | ||
| Net wages control | 41 | ||||
| Other creditors | 6,967 | 4,526 | |||
| 19,626 | 17,429 | ||||
| 12. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1.4.20 | in funds | 31.3.21 | |||
| f | E | f | |||
| Unrestricted funds |
|||||
| General fund |
66,302 | 6,921 | 73,223 | ||
| Restricted funds | |||||
| Restricted | 105,448 | 89,164 | 194,612 | ||
| TOTAL FUNDS | 171,75D | 96,085 | 267,835 |
| Net movemen | t |
in funds, in |
cluded | in | th | e above | are as fo | llo | ws: | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Incoming | Resources | Movement | ||||||||||
| resources f |
expended f |
in funds E |
||||||||||
| Unrestricted | funds | |||||||||||
| General fund |
68,159 | (61,238) | 6,921 | |||||||||
| Restricted funds | ||||||||||||
| Restricted | 357r761 | (268,597) | 89,164 | |||||||||
| TOTAL FUNDS | 425,920 | (329,835) | 96,085 | |||||||||
| Comparatives | for movement | in | funds | |||||||||
| Net | ||||||||||||
| movement | At | |||||||||||
| At 1.4.19 | in funds | 31.3.20 | ||||||||||
| f | f | f | ||||||||||
| Unrestricted | funds | |||||||||||
| General Fund |
341 | 65,961 | 66,302 | |||||||||
| Restricted funds | ||||||||||||
| Restricted | 56,296 | 49,152 | 105,448 | |||||||||
| TOTAL FUNDS | 56,637 | 115,113 | 171,750 | |||||||||
| Comparative | net | movement | in funds, | included | in the above are as follows: | |||||||
| Incoming | Resources | Movement | ||||||||||
| resources E |
expended f |
in funds E |
||||||||||
| Unrestricted | funds | |||||||||||
| General fund |
249,807 | (183,846) | 65,961 | |||||||||
| Restricted funds | ||||||||||||
| Restricted | 146,606 | (97,454) | 49,152 | |||||||||
| TOTAL FUNDS | 396,413 | (281,300) | 115,113 | |||||||||
| Details regarding | the above | movements | In relation to 2021 | are as shown below: |
||||||||
| Balance at | ||||||||||||
| Balance at E |
1.4.20 | Income f |
Expenditure E |
Transfer | 31.3,21 E |
|||||||
| General Fund: | 66,302 | 68,159 | (61I238) | 73,223 | ||||||||
| 66,302 | 68,159 | (61,238) | 73,223 | |||||||||
| Restricted funds: | ||||||||||||
| Henry Smith | 20,131 | 40,800 | (27,165) | 33,766 | ||||||||
| Big Lottery | 34,459 | 117,612 | (99,015) | 53,056 | ||||||||
| MHCLG | 36,756 | (18,955) | 17,801 |
| MOVEMENT I | N FUNDS - contin | ued | |||
|---|---|---|---|---|---|
| Oak Foundation | 25,667 | 81,989 | (64,167) | 43,489 | |
| Trusthouse | 7,588 | 26,000 | (2,791) | 30,797 | |
| Other restricted | funds | 17,603 | 54,604 | (56,504) | 15,703 |
| 105,448 | 357,761 | (268,597) | 194,612 | ||
| Total | 171,750 | 425,920 | (329,835) | 267,835 |
| for the year ended 3 | 1 March | 2021 | |||
|---|---|---|---|---|---|
| 2021I | 2020I | ||||
| INCOME AND ENDOWMENTS | |||||
| Donations and legacies |
|||||
| Donations | 35,922 | 39,911 | |||
| Grants | 339,761 | 276,108 | |||
| 375,683 | 316,019 | ||||
| Other trading activities | |||||
| Fundraising events |
284 | 497 | |||
| Investment income |
|||||
| Deposit account interest | 24 | ||||
| Charitable activities |
|||||
| Sundry income from | charitable | activities | 2I423 | 400 | |
| Rent and contribution | for women's | refuge | 47,506 | 79,497 | |
| 49,929 | 79,897 | ||||
| Total incoming resources |
425,920 | 396I413 | |||
| EXPENDITURE | |||||
| Raising donations | and legacies | ||||
| Legal and professional | 19,543 | 23,150 | |||
| Other trading activities | |||||
| Purchases | 1,028 | ||||
| Event costs | 2,389 | 1,675 | |||
| Advertising | 789 | 3,011 | |||
| 4,206 | 4,686 | ||||
| Charitable activities |
|||||
| Wages | 168,867 | 126,845 | |||
| Social security | 9,308 | 6,248 | |||
| Pensions | 4,204 | 3,037 | |||
| Rates and water | 6,526 | 5,861 | |||
| Insurance | 2,885 | 1,560 | |||
| Light and heat | 5,620 | 5,795 | |||
| Telephone | 7,874 | 3,950 | |||
| Sundries | 11,963 | 1,039 | |||
| Rent | 45,726 | 38,882 | |||
| Repairs | 4,010 | 5,957 | |||
| Other property costs |
291 | 314 | |||
| Travel and subsistence | 1,091 | 5,149 | |||
| Legal and professional | 10,036 | 25,081 | |||
| Office costs | 11,632 | 11,777 | |||
| Training | 8,381 | 9,950 | |||
| Fixtures and fittings | 714 | 2,019 | |||
| Computer equipment |
4,958 | ||||
| 304,086 | 253,464 |
| Detailed Statement of Financial Activities for the year ended 31 March 2021 |
||
|---|---|---|
| 2021 | 2020 | |
| 6 | E | |
| Support costs | ||
| Governance costs | ||
| Auditors' remuneration |
2,000 | |
| Total resources expended | 329,835 | 281,300 |
| Net income | 96,085 | 115,113 |