# ## |||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|