| Page | ||
|---|---|---|
| Report ofthe Trustees | 2 to 7 | |
| Independent Examiner's |
Report | |
| to the Trustees ofAccess | to Business | |
| Statement of Financial Activities | 10 | |
| Balance Sheet | 11to 12 | |
| Statement ofCash Flow | 13 | |
| Notes to the Financial Statements | 14to 20 |
| REFERENC | E AND AD | MINISTRATIV | E DETAILS |
E DETAILS |
||
|---|---|---|---|---|---|---|
| Registered | Company | number | 05084674 (England | and | Wales) | |
| Registered | Charity number | 1138761 | ||||
| Registered | office | The Curve | ||||
| 81 Tempest Street | ||||||
| Wolverhampton | ||||||
| West Midlands | ||||||
| WV2 1AA | ||||||
| Trustees | J Casey —Co | Chair | ||||
| C Briggs —Co-Chair | ||||||
| M Russell | ||||||
| R Tinsley | ||||||
| C Williams-Findlay | ||||||
| Paul Wynn | ||||||
| J Williams — | Resigned | on 26/01/2021 | ||||
| K Rees - | Resigned | on 17/11/2020 | ||||
| Independent | Examiner | DAW White Murrall | ||||
| 1 George Street | ||||||
| Snow Hill | ||||||
| Wolverhampton | ||||||
| WV2 4DG | ||||||
| Accountant | lan Gregory FCA | |||||
| DAW White Murrall | ||||||
| 1 George Street | ||||||
| Snow Hill | ||||||
| Wolverhampton | ||||||
| WV2 4DG | ||||||
| Solicitors | Fbc Manby Bowdler | |||||
| George House | ||||||
| Saint John's Square | ||||||
| Wolverhampton | ||||||
| West Midlands | ||||||
| WV2 4BZ |
| Note | Restricted funds | Unrestricted | funds | TOTAL | 2020 | |
|---|---|---|---|---|---|---|
| INCOME | ||||||
| Donations | ||||||
| General donations | 2 | 3521 | 3521 | 1647 | ||
| Charitable activities |
||||||
| Service delivery | 0 | 127262 | 127262 | 119033 | ||
| Grants and contracts | 3 | 516192 | 78092 | 594284 | 553376 | |
| 516192 | 208875 | 725067 | 674057 | |||
| EXPENDITURE | ||||||
| Charitable activities |
||||||
| Service provision | 618014 | 74500 | 692514 | 657772 | ||
| 618014 | 74500 | 692514 | 657772 | |||
| NET INCOME | -101822 | 134375 | 32553 | 16285 | ||
| Funds brought forward | 299622 | 299622 | 283337 | |||
| Transfers between | ||||||
| funds | 101822 | -101822 | ||||
| Funds carried forward | 332175 | 332175 | 299622 |
| Note | 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Fixed | Assets | ||||||||
| Tangible | Fixed | ||||||||
| Assets | 267146 | 274367 | |||||||
| Current Assets | |||||||||
| Debtors | 10 | 93961 | 93599 | ||||||
| Cash at bank | 208581 | 174495 | |||||||
| 302542 | 268094 | ||||||||
| Creditors | |||||||||
| Amounts | falling due | ||||||||
| within one | year | -33188 | -49121 | ||||||
| Deferred | Income | -47040 | -12002 | ||||||
| -80228 | -61123 | ||||||||
| Net Current Assets | 222314 | 206971 | |||||||
| Long | term liabilities | ||||||||
| Creditors: | amounts | ||||||||
| falling | |||||||||
| due in more | than | ||||||||
| one year | -157286 | -181715 | |||||||
| Net Assets | 332175 | 299622 | |||||||
| Funds | 12 | ||||||||
| Restricted | funds | 0 | 0 | ||||||
| Unrestricted | funds | 332175 | 299622 | ||||||
| 332175 | 299622 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Cash flows from o eratin | activities | ||||||
| Net income | 32553 | 16285 | |||||
| Adjustments for |
|||||||
| Depreciation oftangible fixed assets |
7220 | 7220 | |||||
| .Increase/decrease | in debtors | -362 | 29438 | ||||
| Increase/decrease | in creditors | 18658 | -2219 | ||||
| 25516 | 34439 | ||||||
| Net cash provided by |
operating | activities | 58069 | 50724 | |||
| Cash flows from financial | activities | ||||||
| Repayments of borrowings |
-23984 | -11009 | |||||
| Net increase/decrease | in | cash | 34086 | 39715 | |||
| Cash at beginning ofyear |
174495 | 134779 | |||||
| Cash at end ofyear | 208581 | 174494 |
| 2 | Income from | Donations | Donations | Restricted | Unrestricted | Total | 2020 | |
|---|---|---|---|---|---|---|---|---|
| General donations | 3521 | 3521 | 1647 | |||||
| 3 | Income from | Charitable | Activities | Restricted | Unrestricted | Total | 2020 | |
| Grants and contracts | ||||||||
| City Economy | Fund | 69500 | 69500 | 69000 | ||||
| Ebay | 4002 | 4002 | 4004 | |||||
| ERDF | 239457 | 208272 | ||||||
| less claimed | on behalf of | |||||||
| partners | -68395 | -68395 | -65491 | |||||
| HoE | 36995 | 36995 | 194724 | |||||
| STW | 150369 | 150369 | 117868 | |||||
| Public Heath Covid Awareness | 9990 | 9990 | ||||||
| Black Country | Futures | 50110 | ||||||
| Local Giving —Community | ||||||||
| Match | 4641 | 4641 | ||||||
| MCHLG | Covid Awareness | 21015 | 21015 | |||||
| Social Enterprise Support |
||||||||
| .Fund | 15000 | 15000 | ||||||
| . WVSC | 30000 | 30000 | ||||||
| Warburtons | 7500 | 7500 | 10000 | |||||
| NatWest | 5000 | 5000 | 15000 | |||||
| National | Lottery —Life On Line | 10000 | 1000 | |||||
| A2B | 9100 | 9100 | ||||||
| 516192 | 78092 | 594284 | 568374 | |||||
| 4 | Charitable Activity |
costs | Charitable activities |
Support costs |
Total | 2020 | ||
| Client support | 22827 | 22827 | 7753 | |||||
| Premises | 14010 | 14010 | 37532 | |||||
| Office costs | 51411 | 51411 | 40049 | |||||
| Staff costs | 532290 | 13214 | 545505 | 517140 | ||||
| Management | fees | 58760 | 58760 | 55297 | ||||
| 613878 | 78635 | 692513 | 636813 |
| Net Income/expenditure | Net Income/expenditure | is shown after | is shown after | charging: | charging: | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|---|
| Depreciation | - owned assets | 7220 | 7220 | |||||
| Independent | Examiners fee | 690 | 600 | |||||
| 6 | Trustees' Remuneration |
and | benefits | |||||
| No Trustee | received any remuneration | or benefits | ||||||
| ( 2020-NIL ) | ||||||||
| No trustees | were reimbursed | anyexpenses | (2020 | |||||
| - NIL) | ||||||||
| 7 | Staff costs | 2020 | ||||||
| Salaries | 488478 | 438149 | ||||||
| Pension contributions |
8982 | 8982 | ||||||
| Social Security costs | 35987 | 35987 | ||||||
| 533447 | 483118 |
| Office | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| COST | ~Buildin | s | ~cern | uters | a~nd Fittin s | Total | |||||
| At 1st April 2020 | 361008 | 20890 | 39426 | 421324 | |||||||
| At 31st March 2021 | 361008 | 20890 | 39426 | 421324 | |||||||
| DEPRECIATION | |||||||||||
| At 1st April 2020 | 86641 | 20890 | 39426 | 146957 | |||||||
| Charge for the year | 7220 | 7220 | |||||||||
| At 31st March 2021 | 93861 | 20890 | 39426 | 154177 | |||||||
| NET BOOK VALUE | |||||||||||
| At 31st March 2021 | 267147 | 0 | 267147 | ||||||||
| At 31st March 2020 | 274367 | 0 | 274367 | ||||||||
| 9 | Debtors | 2021 | 2020 | ||||||||
| Debtors | 93961 | 89718 | |||||||||
| Prepayments | 0 | 3881 | |||||||||
| 93961 | 93599 | ||||||||||
| 10 | Creditors | ||||||||||
| Amounts fallin due |
within one | ear | 2020 | ||||||||
| Bank loans and overdrafts | 11446 | 11001 | |||||||||
| Social security and taxes | 1035 | 9385 | |||||||||
| Deferred income | 47040 | 12002 | |||||||||
| Accrued expenses | 20705 | 28735 | |||||||||
| 80227 | 61123 | ||||||||||
| Amounts fallin due |
after more than | one | ear | 2020 | |||||||
| Bank loans | due | ||||||||||
| within 2 to 5years | 37985 | 49431 | |||||||||
| Bank loans | due | in | |||||||||
| more than 5years | 119301 | 132284 | |||||||||
| 157286 | 181715 |
| Claimed | As at | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| on behalf | 31st | |||||||||
| Movement in |
As at | 1st | of | Match | ~Ex andi- | March | ||||
| 11 | Funds | April 2020 | Income | ttartnara | f~undin | ture | Transfers | 2021 | ||
| Restricted funds | ||||||||||
| HoE | 36995 | -68251 | 31256 | |||||||
| S2W | 150369 | -149524 | -847 | |||||||
| ERDF | 239457 | -68395 | 157766 | -320803 | -8025 | |||||
| ERDF match | 157766 | -157766 | -79439 | 79439 | ||||||
| 0 | 584587 | -68395 | 0 | -618014 | 101822 | |||||
| Unrestricted funds |
||||||||||
| General | ||||||||||
| funds | 279622 | 208875 | -74500 | -101822 | 312175 | |||||
| Desi nated funds | ||||||||||
| IT | ||||||||||
| Replacement | 20000 | 20000 | ||||||||
| 299622 | 208875 | 0 | -74500 | -101822 | 332175 | |||||
| Total Funds | 299622 | 793462 | -68395 | 0 | -692514 | 0 | 332175 | |||
| 12 | Analysis of net assets | between funds | ||||||||
| Unrestricted funds |
Restricted | funds | Total | 2020 | ||||||
| Fixed Assets | 267146 | 267146 | 274367 | |||||||
| Current | Assets | 302542 | 302542 | 268094 | ||||||
| Current | Liabilities | -237514 | -237514 | -242838 | ||||||
| 332175 | 0 | 332175 | 299622 |
| 13 | Comparative | Statement ofFinancial Activities | Statement ofFinancial Activities | |||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| INCOME | Total | Restricted | Unrestricted | Total | ||
| Donations | ||||||
| General | donations | 3521 | 1647 | 1647 | ||
| Charitable activities |
||||||
| Service | delivery | 127262 | 119033 | 119033 | ||
| Grants | and contracts | 594284 | 549373 | 4004 | 553376 | |
| 725067 | 549373 | 124684 | 6?4057 | |||
| EXPENDITURE | ||||||
| Charitable activities |
||||||
| Service | provision | 692514 | 583912 | 73860 | 657772 | |
| 692514 | 583912 | 73860 | 657772 | |||
| NET INCOME | 32553 | -34539 | 50824 | 16285 | ||
| Funds brought | forward | 299622 | 0 | 283337 | 283337 | |
| Transfers between funds |
34539 | -34539 | ||||
| Funds carried | forward | 332175 | 299622 | 299622 |