| Page | ||
|---|---|---|
| Report ofthe Trustees | 2to9 | |
| Independent Examiner's |
Report | |
| to the Trustees ofAccess | to Business | 10 |
| Statement of Financial Activities | ||
| Balance Sheet | 12to 13 | |
| Statement ofCash Flow | 14 | |
| Notes to the Financial Statements | 15to 21 |
| Recommended Practice applicable to c Financial Reporting Standard applicable January 2015). |
Recommended Practice applicable to c Financial Reporting Standard applicable January 2015). |
Recommended Practice applicable to c Financial Reporting Standard applicable January 2015). |
harities preparing their ac in the UK and Republic |
counts in acco of Ireland (FR |
|---|---|---|---|---|
| REFERENCE AND ADNIINISTRATIYE | DETAILS | |||
| Registered | Company | number | 05084674 (England | and Wales) |
| Registered | Charity number | 1138761 | ||
| Registered | office | The Curve | ||
| 81 Tempest Street | ||||
| Wolverhampton | ||||
| West Midlands | ||||
| VW2 1AA | ||||
| Trustees | JCasey —Co Chair | |||
| C Briggs —Co-Chair | ||||
| M Russell - Resigned | on 15/06/2022 | |||
| R Tinsley | ||||
| C Williams-Findlay | ||||
| Paul Wynn | ||||
| Independent | Examiner | DAW White Murrall | ||
| 1 George Street | ||||
| Snow Hill | ||||
| Wolverhampton | ||||
| VW2 4DG | ||||
| Accountant | lan Gregory FCA | |||
| DAW White Murrall | ||||
| I George Street | ||||
| Snow Hill | ||||
| Wolverhampton | ||||
| VW2 4DG | ||||
| Solicitors | Fbc Manby Bowdler | |||
| George House | ||||
| Saint John's Square | ||||
| Wolverhampton | ||||
| West Midlands | ||||
| VW2 4BZ |
| Note | Restricted funds | Unrestricted | funds | TOTAL | 2021 | |
|---|---|---|---|---|---|---|
| INCOME | ||||||
| Donations | ||||||
| General donations Charitable activities |
10735 | 10735 | 3521 | |||
| Service delivery | 0 | 50675 | 50675 | 127262 | ||
| Grants and contracts | 832781 | 52028 | 884810 | 594284 | ||
| 832781 | 113439 | 946220 | 725067 | |||
| EXPENDITURE | ||||||
| Charitable activities |
||||||
| Service provision | 862342 | 40181 | 902523 | 692514 | ||
| 862342 | 40181 | 902523 | 692514 | |||
| NET INCOME | -29561 | 73258 | 43697 | 32553 | ||
| Funds brought forward Transfers between |
332175 | 332175 | 299622 | |||
| funds | 29561 | -29561 | ||||
| Funds carried forward | 375872 | 375872 | 332175 |
| Fixed Assets | Fixed Assets | Note | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|---|---|
| Tangible | Fixed | |||||||
| Assets | 259926 | 267146 | ||||||
| Current Assets | ||||||||
| Debtors | 10 | 123480 | 93961 | |||||
| Cash at | bank | 221411 | 208581 | |||||
| 344891 | 302542 | |||||||
| Creditors | ||||||||
| Amounts | falling due | |||||||
| within one | year | -27226 | -33188 | |||||
| Deferred | Income | -55390 | -47040 | |||||
| -82615 | -80228 | |||||||
| Net Current Assets | 262276 | 222314 | ||||||
| Long | term liabilities | |||||||
| Creditors: | amounts | |||||||
| falling | ||||||||
| due in more than | ||||||||
| one year | -146329 | -157286 | ||||||
| Net Assets | 375873 | 332175 | ||||||
| Funds | 12 | |||||||
| Restricted | funds | 0 | 0 | |||||
| Unrestricted | funds | 375873 | 332175 | |||||
| 375873 | 332175 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Cash flows from o eratin | activities | ||||
| Net income | 43697 | 32553 | |||
| Adjustments for |
|||||
| Depreciation oftangible fixed assets |
7220 | 7220 | |||
| Increase/decrease | in debtors | -29519 | -362 | ||
| Increase/decrease | in creditors | 2389 | 18658 | ||
| -19910 | 25516 | ||||
| Net cash provided by operating activities |
23787 | 58069 | |||
| Cash flows from financial | activities | ||||
| Repayments of borrowings |
-10957 | -23984 | |||
| Net increase/decrease in cash Cash at beginning ofyear |
12830 208581 |
34086 174495 |
|||
| Cash at end ofyear | 221411 | 208581 |
| 3 | Income from Charitable | Income from Charitable | Activities | Activities | Restricted | Unrestricted | Total | 2021 |
|---|---|---|---|---|---|---|---|---|
| Grants and contracts | ||||||||
| City Economy | Fund | 68500 | 68500 | 69500 | ||||
| Community Renewal |
Funds | 30400 | 30400 | 0 | ||||
| Ebay | 4002 | |||||||
| ERDF | 218342 | 218342 | 239457 | |||||
| Less claim for | partners | -62341 | -62341 | -68395 | ||||
| HoE | 14500 | 14500 | 36995 | |||||
| John Lewis Fund | 21465 | 21465 | 0 | |||||
| Kick Start | 24628 | 24628 | 0 | |||||
| STW | 148?56 | 148756 | 150369 | |||||
| Public Heath Covid Awareness | 0 | 9990 | ||||||
| Black Country | Futures | 64823 | 64823 | 50110 | ||||
| Local Giving —Community | ||||||||
| Match | 0 | 4641 | ||||||
| MCHLG Covid | Awareness | 283270 | 283270 | 21015 | ||||
| Relight | 3570 | 3570 | 0 | |||||
| Santander | 12500 | 12500 | 0 | |||||
| Social Ent Fund | 0 | 15000 | ||||||
| WVSC | 12000 | 12000 | 30000 | |||||
| Warburtons | 2500 | 2500 | 7500 | |||||
| Western Power |
9996 | 9996 | 0 | |||||
| NatWest | 16500 | 16500 | 5000 | |||||
| National Lottery —Life |
On Line | 0 | 10000 | |||||
| A2B | 15400 | 15400 | 9100 | |||||
| 832781 | 52028 | 884810 | 594284 | |||||
| Charitable | Support | |||||||
| 4 | Charitable Activity |
costs | activities | costs | Total | 2021 | ||
| Client support | 266290 | 266290 | 22827 | |||||
| Premises | 23691 | 23691 | 14010 | |||||
| Office costs | 46026 | 46026 | 51411 | |||||
| Staff costs | 520768 | 45609 | 566377 | 545505 | ||||
| Management fees |
63576 | -63437 | 140 | 58760 | ||||
| 850634 | 51889 | 902523 | 692513 |
| Net Income | /expenditure | is shown after | is shown after | charging: | charging: | 2022 | 2021 | ||
|---|---|---|---|---|---|---|---|---|---|
| Depreciation | -owned assets | 7220 | 7220 | ||||||
| Independent | Examiners | fee | 690 | 600 | |||||
| 6 | Trustees' Remuneration |
and benefits | |||||||
| No Trustee 2021 - NIL ) |
received any | remuneration | or benefits | ( | |||||
| No trustees | were reimbursed | any expenses | (2021- | ||||||
| NIL ) | |||||||||
| 7 | Staff costs | 2022 | 2021 | ||||||
| Salaries | 503577 | 488478 | |||||||
| Pension contributions |
10020 | 8982 | |||||||
| Social Security costs | 41?67 | 35987 | |||||||
| 555364 | 533447 |
| COST | ~Buildin | ~Buildin | s | Office RUJI—" ~cctn uters ~and |
Office RUJI—" ~cctn uters ~and |
Fittin s | Total | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| At 1st April 2020 | 361008 | 20890 | 39426 | 421324 | |||||||
| At 31st March | 2022 | 361008 | 20890 | 39426 | 421324 | ||||||
| DEPRECIATION | |||||||||||
| At 1st April 2020 | 93861 | 20890 | 39426 | 154177 | |||||||
| Charge for the | year | 7220 | 7220 | ||||||||
| At 31st March | 2022 | 101081 | 20890 | 39426 | 161397 | ||||||
| NET BOOK VALUE | |||||||||||
| At 31st March | 2022 | 259927 | 0 | 259927 | |||||||
| At 31st March | 2020 | 267147 | 0 | 267147 | |||||||
| 9 | Debtors | 2022 | 2021 | ||||||||
| Debtors | 109850 | 89?18 | |||||||||
| Prepayments | 13630 | 3881 | |||||||||
| 123480 | 93599 | ||||||||||
| 10 | Creditors | ||||||||||
| Amounts fallin |
due | within one | ear | 2022 | 2021 | ||||||
| Bank loans and | overdrafts | 11410 | 11001 | ||||||||
| Social security | and | taxes | 1201 | 9385 | |||||||
| Deferred income | 55390 | 12002 | |||||||||
| Accrued expenses | 14615 | 28735 | |||||||||
| 82615 | 61123 | ||||||||||
| Amounts fallin |
due | after more than Bank loans due |
one | ear | 2022 | 2021 | |||||
| within 2 to 5years Bank loans due in |
51297 | 49431 | |||||||||
| more than 5years | 95032 | 132284 | |||||||||
| 146329 | 181715 |
| 11 | Movement in Funds |
As at ~tat A rii 2021 |
As at ~tat A rii 2021 |
Income | Claimed on behalf of partners |
Match ~fundin |
~Ex endi- ture |
Transfer | As at 31st March 2022 |
|
|---|---|---|---|---|---|---|---|---|---|---|
| Restricted funds | ||||||||||
| BC Futures | 64823 | -61949 | -2873 | |||||||
| Comm Renewal | 30400 | -29490 | -910 | |||||||
| ERDF ERDF match |
218342 68500 |
-62341 | -295383 | 139381 -68500 |
||||||
| HOE | 14500 | 14500 | ||||||||
| MCHLG Covid | 283270 | -283270 | ||||||||
| S2W | 148756 | -149080 | 324 | |||||||
| John Lewis | 283270 | -21932 | 467 | |||||||
| Others | 45066 | -23237 | -23828 | |||||||
| 0 | 895122 | -62341 | 0 | -862342 | 29561 | |||||
| Unrestricted funds |
||||||||||
| General funds | 332175 | 113439 | -40181 | -29561 | 375872 | |||||
| 332175 | 113439 | 0 | -40181 | -29561 | 375872 | |||||
| Total Funds | 332175 | 1008561 | -62341 | 0 | -902523 | 0 | 375872 | |||
| 12 | Analysis ofnet assets | between | funds | |||||||
| Unrestricted funds |
Restricted | funds | Total | 2021 | ||||||
| Fixed Assets | 259926 | 259926 | 267146 | |||||||
| Current Assets | 331397 | 331397 | 302542 | |||||||
| Current Liabilities |
-216391 | -216391 | -237514 | |||||||
| 374932 | 0 | 374932 | 332175 |
| 13 | Comparative | Statement of | Financial | Activities | |||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| INCOME | Total | Restricted | Unrestricted | Total | |||
| Donations | |||||||
| General | donations | 2 | 10735 | 3521 | 3521 | ||
| Charitable activities |
|||||||
| Service | delivery | 50675 | 127262 | 127262 | |||
| Grants | and contracts | 3 | 884810 | 516192 | 78092 | 594284 | |
| 946220 | 516192 | 208875 | 725067 | ||||
| EXPENDITURE | |||||||
| Charitable activities |
|||||||
| Service | provision | 902523 | 618014 | 74500 | 692514 | ||
| 905523 | 608014 | 74500 | 692514 | ||||
| NET INCOME | 43697 | -101822 | 134375 | 32553 | |||
| Funds brought | forward | 332175 | 0 | 299622 | 299622 | ||
| Transfers between funds |
108122 | -101822 | |||||
| Funds carried | forward | 375872 | 332175 | 332175 |