REGISTERED COMPANY NUMBER: 05084674
(England and Wales)
REGISTERED CHARITY NUMBER: 1138761
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
FOR
ACCESS TO BUSINESS

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Report of the Trustees
2to8
Independent Examinerfs Report
to the Trustees of Access to Business
Statement of Financial Aclivities
10
Balance Sheet
11to12
Statement of Cash Flow
13
Notes to the Financial Statements
14to20

ACCESS TO BUSINESS
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees who are also dlrectors of the charity for the purposes of the Companies Act 2006, present their
report with the f inancial statements of the charity for the year ended 31 March 2024. The trustees have
adopted the provisions of the Accounting and Reporting by Charities: Statement of Recommended Practic8
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Company number
05084674 (England and Wales)
Reglstered Charlty number
1138761
Registered office
The Curve
81 Tempest Street
Wolverhampton
West Midlands
WV2 1AA
Trustees
J Casey- Co Chalr
C Briggs- Co£hair
M Russell - Resigned on 1510612022
R Tinsley
C Williams-Findlay
P Wynn - Resigned 0110212024
M Dovey - Appoint8d 0410612024
M Mangat - Appointed 0410612024
C Smith - Appointed 0￿0612024
Independent Examlner
Daw INhite Murrall
1 George Street
Snow Hill
Wolverhampton
IN￿2 4DG
Accountant
lan Gregory FCA
Daw White Murrall
1 George Street
Snow Hill
Wolverhampton
IAW2 4DG
Sollcltors
FBC Manby Bowdler
George House
Saint John's Square
Wolverhampton
West Midlands
INV2 4BZ

ACCESS TO BUSINESS
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMEKr
Governing document
The organisation is a charitable company limited by guarantee. as defined by the Companies Act 2006.
incorporated on 25th March 2004 and registered as a charity on 2nd November 2010. The company was
established under a Memorandum of Association which established the objects and powers of the charitab18
company and is govemed under Its Article5 of Association. The Articles of Association were last amended on
8th August 2020.
Recruitment and appointment of new trustees
The directors of the company are also Charity Trustees for the purposes of charity law and under the
company's articles. Under the requirements of the Memordndum and Articles of Association the directOT5 of
the Charity are elected at the Annual General Meeting, though the Board may COwOPt potential new directors
on to the Board at any time during the year.
At each Annual General Meeling. one-third of the directors must retire by rotation and. should they wsh to do
so, put themselves forward for re-election. Under the Memorandum and Articles of Association there is no
maximum term that a director can serve, subject to the requirement to retire and re-apply every three years.
Efforts are made by the board and management to recwit new trustees with appropriate skills and in
particular. increase the number of Trustees. A total of nine trustees should be the aim.
The Board follows the Good Govemance.. a Code for the Voluntary and Communlty Sector which is jointly
developed by NCVO, SCC, ICSA & WCVA and is supported by the Charity .
nduc
ion
nd t
inin
ofn
stees
All new trustees are offered an induction into the organisation by the management team and Chair. Trustee5
are asked to maintain regular contacts with the organisation and are invited to attend public events on behalf
of the organisation. Trustees, skills audit is carried out once per year to make sure the organisation's needs in
relation to skills. experience and diversity are met.
Organlsational Structure
The Board is comprised of the five current director5. Board meetings are undertaken on a quarterty basis. and
more f requently when necessary. The Finance Sub Committee now includes two directors and also meets on
quarterly basis. Management responsibility of the organi5ation rests with the Management Team who deals
wth operational matters. Strategic focus, along wth scrutiny of the management. is the remit of the board.
Staffing during 2023-24:
Chiaf Executive Officar. Josie Kelly
Managers: Simon Moore I Paul Tabor I Paula McHugh
Senior Business Advisors: Carole Taylor (Redundancy 30 Nov 2023) l Lester Knight l Gary Lees l James
Brennan
Business Advisors: Jessica Cockerham I Carol Slater (Redundancy 30 Nov 2023) l Baldeep Dhillon l Debra
Friedl (Resigned 27 Oct 2023) l Keith Fitzsimons l Jasbir Singh
Employment Advisors: Tianna Dunne- Johnson
Education Trainer. Debra Westwood
MarketingllT: Henry Wilkinson (Resigned 17 April 2023) l Rikesh Patel I Samuel Weaver
Admin staff: Kelly Hines l Barbara Davidson (Redundancy 30 June 2023) l David Maiden
Line Managers review staff development yearly and all staff have the opportunty to undertake f urther relevant
training and development for their role.

ACCESS TO BUSINESS
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Risk management
The Directors have a duly to identify and review the risks to which the Charity is exposed and ensure
appropriate controls are in place. The Board undertake a fomal organisational Risk Assessment on a yeaTIy
basis and a quarterly review of the major risks which have been identif led and are satisf led that major risks
are being managed. The main extemal risks to ￿[ch the organisation is subject is the reliance upon funding
from the public sector. Cuts to public spending and the increased competition for the available funds elevates
the risks for future funding of Access to Business. The Board and the Management T&am developed a broad
strategy to diversify income and the Management Team is working to implement this as a matter of Priority.
Networking and Partnershlps
Access to Buslness networf(s throughout the Black Country and members of staff represent the organisation
on a number of local boards and steering groups.
OBJECTIVES AND ACTIVITIES
Aims and Objectives
Access to Buslness's primary objectlve. as stated in its Memorandum of Association, is for'the relief of
unemployment for the public benefit in such ways as may be thought fit including assistance to find
employment,. tt is Access to Business's mission to be an independent and authoritative advocate to support
disadvantaged people in the Black Country tovRrds training. employment. self-employment and enterprise
with a specialism for supportingr disadvantaged people with health problems or di5abllities. Our vislon is that
all disadvantaged people realise theirfull potential and to have an equal opportunity to compete in the
workplace.
Wolverhampton has one of the hig hest rates of unemployment in the UK. Access to Business works to
provide:
An enterprising environment forthe unemployed people of Wolvethampton, to enable opportunities for
new businesses to thrive.
A stimulating environment for people to leam and achleve.
An inclusive source of infornation, advice and guidance for career development.
In the context of Its vision, the organlsatlon Identif led three strategic aims:
Aim1
Place the interest of clients at the heart of everything we do and involve them in all aspects of work
at Access to Business
Aim 2 - Ensure clients have access to high quality information. advice, guidance and an appropriate range of
support and training service5 which promote and secure equality of opportunity, open access and
inclusiveness.
Aim 3 - People, Resource, Systems to ensure that Access to Business has effective govemance. people
management, resource management and quality assurance Systems to achieve excellence and long-term
economic sustainability

ACCESSTO BUSINESS
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The Focus of our Work
A¢¢ess to Business is committed to continuing as a vibrant, diverse and independent voluntary sector
organisation to support the relief of unemployment in the Black Country. We work closely wth many voluntary
and statutory partners including Wolverhampton City Council and other key partners across the City to deliver
and drive forward the Wolverhampton Plan f or 2030 which sets out an ambition that 'Wulfrunians will live
longer, healthier lives.. Delivery of this ambition is supported by six overarching priorities..
Strong families where children grow up well and achieve their f ull potential
Fulf illed lives f or all with quality care f or those that need it
Healthy. inclusive communities
Good homes in ￿￿11-cOnnected neighbouthoods
More local people into good jobs and training
Thriving economy in all parts of the city
Supporting the six overarching priorities are three Cross cutting principles:
> Climate Conscious
> Driven by Digital.
> Fair and Equal
Access to Business actively promotes and supports the Wolverhampton priorities through all of its services.
Charitable activities undertaken for the public benefit
Access to Business is a Wolverhampton City Centre based charity. The Trustees confirm that they have
complied with the duty in Section 4 of the Charities Act 2006 to have due regard to public benef it guidance
published by the Charity Commission. The following activities have been undertaken for the public benefit:
Employment Support, Confidence Building, Self-Employment and Social Enterprise Development and
Training. We work with many partner5 on a number of different projects across the Black Country. For all self-
employed clients orthose who setup a social enterprise we provide on-going help to support their business
suNival. As part of this we provide office seJvi¢es. business support and practl¢al help wth business planning,
marketing. networking and completing self-assessm8nts.
Volunteers
Our Clients have access to voluntary work opportunities wthin our premises: Training Centre and the
Enterprise Suite providing a range of skills to support our Clients, route to work and helping to increase their
confidence.
Access to Business have a Client - led user g roup, and views of the group are taken into account to develop
f Lrture services and shape service delivery. Policies and services take f ull account of inequalities. including
those linked to social class. ethnicity. religion, age, disability and sexuality.
Our Volunteer led supportlsocial group also offers peer-to-peersupportforclients, including providing support
f or our outreach events, raising funds to enable them to organise social events and provide feedback on our
seNices to help to ensure that we are able to meet the demands of all of our Clients.
The trustees have also considered Charity Commission guidance on public benefit ￿en planning its
activities.

ACCESS TO BUSINESS
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Quality Assurance
Access to Business has a proven track record for quality of delivery and seNices. We evaluate our work
wherever possible by client feedback and funders evaluations and reports. Access to Business is accredited
to the MATRIX standard and holds ISO9001 accreditation, Level 3 Disability Conf ident Leader status and the
Cyber Essentials accreditation. Access to Business is an accredited training provider for OCN London and
NCFE Awarding Bodies. We successfully passed the re-accreditation audits for the quality f rameworks during
2023-2024.
ACHIEVEMENT AND PERFORMANCE
During 2023-2024 Access to Business has worked on several successful contracts supporting unemployed
people into training, work. self-employment or social enterprise development.
The European Regional Development Fund (ERDF) Raising Aspirations. Inspiring Self -EmploymenUSocial
Enterprise (RAISE) Project (2016-2019) has been a great success and achieved the project extension for
2019-2021 which was f urther extended to June 2023. The project was independently evaluated by CAAT
Services Ltd conf irmed that the project achieved all key milestones and the feedback f rom clients was
very positive wth clients stating they have been extremely satisfied with the service and support they have
received from the FIAISE project. R4ISE was delivered by Access to Business in partnership with SWEDA
(Skills Wort( and Enterprise Development Agency) wth Acces5 to Business being th8 lead partner. RAISE
delivered support to entrepreneur5 in the Black Country to set up and run their businesses, specifically
targeting new and eady-stage entrepreneurs from unde￿ePresented groups including women. BME
communities and disabled people. The project supported over 1800 entrepreneurs and 618 existing
businesses to develop and grow their enterprises.
Access to Business was also a delivery partner with the major Lead provider. Steps to Worf(, for the Building
Better Opportunities (BBO) programme. BBO was a multi-million pound funding progrdmme which matched
money from the European Social Fund and Big Lottery Fund to tackle poverty and social exclusion faced by
the most disadvantaged people in England. The BRIDGES project (2016-2022) was extended following its
successful delivery over the initial project period. to April 2023.
We have continued delivery of the £275.000 Initiative for Social Enterprise prog rdmme, a project which
encourages and supports Social Enterprise start up and development in Wolverhampton. This project will run
until March 2025. The project is also supported by SWEDA who wll be running the same programme in
Sandwell. Project participants wll also be supported to access grants up to £10,000 which will help them with
their initiative and support their growth beyond 12 months. Grants are administered by Wo Iverhampton
Voluntary and Community Action. and Sandwell Community Voluntary Action.
The National Lottery supported Access to Business with £75,000 of f unds f rom their Cost of Living Fund
during 2023124. These funds enabled us to provide support to over 200 residents wth advice and guidance
around managing personal finances. as VRII as helping them with IT training and providing access to digital
devic8S.
The UK Shared Prosperity Fund, managed regionally by West Midlands Comblned Authorlty. stsrted durtng
2023124. and we were successf ul In obtaining £59,944, until March 2024. This project enabled us to run our
Access 4 All project, supporting residents with conf idence buildSng. access to training and accredited
qualifications, as ￿￿11 as support into employment and support with digital and f inancial advice.
Heart of England provided funds totalling £74.773 for our ACTW project, which supports volunteer5 Wth a
range of skills to help them transition towards employment. The main focus of this programme VKS a
gardening project at Bilston Art Gallery which saw over 40 volunteers work on a wtde range of activities, to
help bring the garden back to life. with grounds clearance, landscaping, and planting of a wide range of
f lowers. f ruit and vegetables into a previously unused spot in the centre of Bilston. This project will continue
into 2024125.

ACCESS TO BUSINESS
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Other projects we v￿￿ed on were funded through the following routes:
Wolvethampton City Council (WCC) -Self-Employment Support contract
Steps to Wotk- Black Country Futures
National Lottery - Awards For All
Good Things Foundation projects for Fix the Digital Divide and HMRC support
Santander - Digltal and Flnancial Inclusion
Natwest - POWER2 Providing Opportunities for Women's Enterprise Routes
Bamw Cadbury- Social Enterprise Cluster Work
FINANCIAL REVIEW
Prlncipal fundlng sources
The principal f unding sources for the charity are grants. contracts and social ente￿rise activity.
Over the last few years the f unding landscape has been consistently changing and maintaining the same level
of income is becoming increasingly challenging. The sector income from Govemment is becoming more
centrydlised and almost entirely focused on contracts delivered mainly by larger organisations. Despite this. we
have remained successful in securing funding lo enable us to maintain our work. and in the year under review
our income was £666.974. This figure is lower than the previou5 yearfs income of £764.707. which reflects
the changing landscape around the availability of grant funding, and the increasingly competitive nature of
accessing these funds. We are particularly proud of our success in winning a contract to deliver Social
Ente￿rise support in Wolverhampton. and we are keen to take an active role in this sector in the coming
years. We have also been able to wn an 18-month contract wth the Heart of England to run a Volunteering
Project. We have managed to secure several short-te￿n contracts and grants during the f inancial year.
Expenditure review
Our expenditure was strictly in line wth the projects. financial targets.
Investment pollcy and objectlves
Access to Business wll retain an amount in reserves each year to secure the continuity of Access to
Business. It is not expected that there wll be f unds for investment however if f unds do build up. then trustees
agree that this income should be kept in a high interest account with immediate access.
Reserves pollcy
In common wth many Charities. we aspire to hold six months running costs in reserves. At the end of March
2024 our reseNes totalled £358,072, which represents lust over 6 months costs. ￿lch the Trustees believe is
satisfactory

ACCESS TO BUSINESS
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
FUTURE DEVELOPMENTS
Contracts and bids forfunding will continueto be our maln source of income for the short to m8dium temi, but
we will need to develop ways of becomlng less dependent on them in order to make our organisation have
greater long-tern prospects.
Access to Business's Board realised the need to be more entrepreneurial while adapting to the new f unding
landscape and Access to Business's Trading ami, BOS Business Office Solutions CIC, was set up and
commenced operations in April 2017. During 2023-2024 BOS Business Solutions CIC managed to sustain its
activities and generated tumover of £24,739. The BOS social enterprise provides employment and wo
placements for disadvantaged unemployed people, contributing to Access to Business's vision to enable
disadvantaged people to realise their full potential and to have an equal opportunity to compete in the
workplace.
During 2023. European f unding came to an end and Access to Business will be working to id8ntify and secure
altemative f unding streams to continue delivering our vital services.
Acces5 to Business wll f urther develop its partnerships with local and regional providers to continue to
support the local employment, enterprise and skills agenda.
The charity plans to build on the success we have already achieved and to continue the activities outlined
above in the forthcoming years. subject to satisfactory f unding aThangements.
ON BEHALF OF THE BOARD:
Mrc Briggs- Di
tor
Date:
i/

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ACCESS TO BUSINESS
FOR THE YEAR ENDED 31 MARCH 2024
I report on the accounts for the year ended 31 March 2024 set out on pages 10 to 20.
Respective responsibilities of trustees and examiner
The charity's trustees (who are also the directors for the purposes of company law) are responsible for the
preparation of the accounts. The charity's tnjstees consider that an audit is not required for this year (under
section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is required.
Having satisf led myself that the charity is not subject to audit under company law and is eligible for
independent examination, it is my responsibility to:
Examine the accounts under Section 145 of the 2011 Act
To follow the procedures laid down in the General Directions given by th8 Charity Commission (under
Section 145(5)(b) of the 2011 Act). and
To state whether particular matters have come to my attention.
Basics of the independent examinerfs report
My examination was ¢atried OLrt in accordance with the General Directions given by the Charity Commission.
An examination include5 a review of the accounting records kept by the charity and a comparison of the
accounts presented with those records. It a150 includes consideration of any unusual items or disclosures in
the accounts, and seeking explanations for you as trustees conceming any such matters. The proced ures
undertaken do not provide all the evidence that would be required in an audit. and consequently no option is
given as to whether the accounts present a 'true and f air view and the report is limited to these matters set
out in the statements below.
Independent examlner's statsment
In connection with my examination. no matter has come to my attention:
(1) Which gives me reasonable cause to believe that. in any material respect. the requirements
to keep accounting records in accordance with section 386 and 387 of the Companies Act 2006: and
to prepare accounts whiGh accord with the accountin9 records. comply with the accounting
requirements of sections 394 and 395 of the Companies Act 2006 and with the methods and
principles of the Accounting and Reporting by Charilies: Statement of Recommend ed Practice
applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the
ac
ached.
lan Gregory FCA
DAW White Murrall
1 George Street
Snow Hill
Wolverhampton
V2 4DG
Date:

Access to Business
ststement of Flnanclal Actlvltles
ear endin
2024
Restricted Unrestricted
funds
funds TOTAL
2023
INCOME
Donations
General donations
Charitable activities
3.000
17.331
20,331
5,741
Service delivery
40.940
83.053 123.993 105.739
Grants and contracts
522,651
522.651 653,226
566.591
100.383 666,974 764,707
EXPENDITURE
Charltable actlvltles
Service provision
589,799
92.609 682.408 767,073
589.799
92,609 682,408 767,073
NET INCOME
(23.208)
7.774 (15.434) (2.366)
Funds brought forward
(7,754)
381,260 373.506 375.872
Transfers between funds
30.962
(30.962)
Funds carrled forward
358,072 358.072 373,506
The Statement of Financial Actsvities includes all gains and losses in the year. All incoming resources and
resources expended are from continuing activities
10

A¢¢ess lo Buslness
Balance Sheet
as at 31st March 2024
Note
2024
2023
Fixed Assets
Tangible Fixed Assets
245,486
252.706
Current Assests
Debtors
Cash at bank
87.491
287.134
374.625
166,713
200,123
366,835
Creditors
Amounts falling due within one year
Deferred Income
{57,359)
6.222
133.581
(47.747}
60,417
108,164
10
Net Current Assets
241.044
258,672
Long tsmi liabilities
Creditor5= amounts falling
due in more Ihan one year
11
(128,458)
(137,872)
Net Assets
358.072
373,506
Funds
Restricted f unds
Unrestricted f unds
12
(7,754)
381.260
358,072
358.072
373,506
For the year ending, 318¢ Ma￿h 2024. the company was entitled to exemption from audit under Section 477 of
the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with s8Ction 476 of the
Companies Act 2006.
The Directors aCknO￿edge their responsibility for complying wth the requirements of the Act with respect to
accounting records and the preparation of accounts.
11

Access to Business
Balance Sheet - continued
as at 31st March 2024
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply wth Sections 386 and
387 of the Companies Act 2006 and
preparing financial statements which give a true and fair view of the state of affair5 of the charitable
company as at the end of each financlal year and of Its surplus or deficit for each financlal year in
accordance with the requirements of Sections 394 and 395 and which otherwse comply with the
requirements of the Companies Act 2006 relating to financial statements. so far as applicable to the
charitable company.
(b)
These Accounts have been prepared in accordance with the provisions applicable to companies subject to the
small companies regime.
Approved by the Board of Trustees and signed on their behalf by:
Mr C Briggs
Director
Date:
12

Access to Buslness
statement of Cash Flows
for the year ending 31st March 2024
2024
2023
Cash flows from o
eratin
Net income
activities
(15.434)
(2,366)
Adjustments for
Depreciation of tangible fixed assets
(Increaseydecrease in debtor5
Increasel(decrease) in creditors
7,220
79.222
25.417
7,220
(43,233)
25,548
111,859
{10.465)
Net cash provided by operating activities
96,425
(12,831)
Cash f lows f rom f inancial activities
Repayments of borrowngs
9.414
8.457
Net Increaseldecrease in cash
Cash at beginning of year
87.011
200,123
(21,288)
221.411
Cash at end of year
287,134
200.123
13

ACCESS TO BUSINESS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1. Accounting pollces
The principle accounting policies are summarised below. The accounting policies have been applied
consistently throughout the year.
Basis of accountin
The financial statements of the charitable company, ￿1¢h is a public benefit entity under FRS
102, have been prepared in accordance with the Charities SORP (FRS 102) 'A¢¢ounting 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 (FRS 102) (effective l January 2015)., Financial Reporting Standard 102
'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the
Companies Act 2006. The financial statements have been prepared under the historical cost
convention.
b)
und accountin
Unrestricted funds are available for use at the discretion of the Directots In furtherance of the
general objectives of the organisation.
Designated funds are unrestricted funds eannarked by the Directors for particular purposes.
Restricted funds are subject to restrictions on their expenditure imposed by the donor or by the
terms of an appeal.
ncomin
resources
All incoming resources are included in the Statement of Financial Activities (SOFA) as soon as
the organisation is entitled to the income and the amount can be quantified wth reasonable
accuracy. The following specific polices are applied to particular categories of income:
Voluntary income is received by way of grant, donations and gifts and is included in full in the
SOFA when receivable.
Donated services and facilities are included at the value to Ihe organisation vthere this can b8
quantified. The valu8 of seNic8s provided by volunteers has not been included in these
accounts.
Investment income is included when receivable.
Incoming resources from grants which are related to performance and specific delivepbles are
accounted for as the organisation eams the right to consideration by its perfonnance.
Grants where entitlement is not conditional on the delivery of a specific perfomiance by the
organisation are recognised when the organisation becomes unconditionally entitled to the grant.
Grants received in advance for future accounting periods are credited to deferred income.
14

ACCESS TO BUSINESS
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
d)
Resources ex
ended
Expenses are recognised on an accrual basis as a liabiltty is incurred. Expenditure includes any VAT
vthich cannot be fully recovered, and VAT is reported as part of the expenditure to which it relates.
Costs of generating funds comprises the costs associated with attracting voluntary income, including
an apportionment of staff time if material.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities
and seNices for its beneficiaries. It includes both costs that can be allocated directly to such
activities and those costs of an indirect nature necessary to support them.
Govemance costs comprise those costs associated with meeting the constitutional and statutory
requirements of the charity, and include the audit fees and costs linked to the strategic management
of the charity.
All cost are allocated between the expenditure Categories of the SOFA on a basis designed to reflect
the use of resourGes. Costs relating to a particular activity are allocated directly. others are allocated
on a basis consistent wth the use of the resources e.g. in proportion to staff costs relating to that
activity.
eratin
leases
The organisation classifies the lease of certain office equipment as operatlng leases. Rentals
payable under operating leases are charged to the SOFA on a straight line basis over the tem of the
lease
f)
Pensions
The organisation does not operate its pension scheme. Contributions are made directly to
employees, personal pension plans where applicable
g)
Fixed Assets
Fixed Assets are stated at cost less accumulated depreciation. The cost of minor additions or those
costing less than £1000 are not capitalised. Depreciation is provided on a straight lin& basis at a rate
designed to write off the cost of each asset over its expected useful life at the followng rates:
Property
2.
Office equipment and computers 33¥0
Fixtures and
15Yo
fittings
2 Income from Donatlons
General donations
3.000
17.331
20,331
5,741
15

ACCESS TO BUSINESS
NOTES TO THE FINANCIAL STATEMENTS - COTrtriNUED
FOR THE YEAR ENDED 31 MARCH 2024
3 Income from Charilable Activities
Grants and contracts
A2B
Barrow Cadbury
Black Country Futures
City Economy Fund
Community renewal Fund - Skills
Community renewal Fund - over 50s navigator
Community renewal Fund - Digital Skills
ERDF
less claimed on behalf of partners
HofE-ACTIV
H of E- Community Matters
H o E - Know Your Neighbouthood
ISE
Kick Start
MCHLG Covid
National Lottery - Awards for All
National Lottery - Building Better Lives
Natwest
Santander
STW
UK SPF - Access 4 All
WCC Mind @ Work
wcc - wton Enterprise Project
wvsc
Restricted Unrestricted
Total
2023
7,323
2,237
16.704
17.250
2,237
16.704
17.250
69,000
43,886
24.961
5.520
68,657 255.941
(17,050) (61,230)
74,773
68.657
(17.050)
74,773
14,085
20.000
5.557
3,215
8,021
3.333
124.473
124.473
6,667
75.1)00
5,000
70.833
912
59.944
6.667
75.000
5,000
20,500
70.833
53.750
912 161.863
59.944
10,000
17,250
17.250
7.500
522.651
522,651 853,226
Charitable
4 Charitable ktlvlty costs
Cllent support
Premises
Office costs
staff costs
Management f ees
49.345
49,345
38,515
36,779
36,779
34,529
42,547
42,547
48,923
21,088 517.965 585.699
35,770
59,045
496,878
34,874
581,097
101,311 682,408 766,713
16

ACCESS TO BUSINESS
NOTES TO THE FINANCIAL STATEMENTS - copifiNUED
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
5 Net IncomelExpenditure
Net Incom8 lexpenditure is shown after charging:
Depreciation - owned assets
Ind8pend8nt Examinets fee
7,220
1,313
7.220
690
6 Trustees. Remuneration and benefits
No TNstee received any remuneration or benefits (2023 Nil)
No trustees V￿re reimbursed any expenses (2023 Nil).
7 Staff costs
Salaries
Pension contributions
Social Security
costs
452,279
8.428
515.428
11.275
34,369
45,560
495,076
572.263
The average number of employees during th8 year was 24 {2023 - 24)
The number of employees eaming over £60.000 was NIL
(2023 Nil)
17

ACCESS TO BUSINESS
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
8 Tangible Fixed Assets
Off ice
me
and
Land and
and
COST
At 1st April 2023
361,008
20,890 39,426 421,324
At 31st March 2024
361,008
20.890 39.426 421.324
DEPRECIATION
At 1st April 2023
Charge for the year
108,301
7,220
20,890 39,426 168,617
7,220
At 31st March 2024
115.521
20.890 39.426 175.837
NET BOOK VALUE
At 31st March 2024
245,487
245.487
At 31st March 2023
252.707
252.707
2023
9 Debtors
Debtors
Prepayments
14.121
73,370
144,756
21.956
87.491
166.713
10 Creditors
mounts f allin
e wthin one
Bank loans and overdrafts
Social security and taxes
Deferred income
Accrued expenses
9,760
9.524
1,257
60,417
36.965
76.222
47.598
133.581
108,163
11 Creditors
Amounts fallin
due after more than one
Bank loans due within 2 to 5 years
Bank loans due in more than 5 years
ear
48,128
80,330
45,687
92.185
128.458
137,872
18

ACCESS TO BUSINESS
NOTES TO THE FINANCIAL STATEMENTS - COP￿INuED
FOR THE YEAR ENDED 31 MARCH 2024
Claimed
on b half
As at 1st
ri12023
As at 31st
Transfers M rch 2024
11 Movement in Funds
Income
artners
nditure
Restricted funds
Barrow Cadbury
Black Country Futures
ERDF
ERDF Match
FIX ThÈRi9P*9t'¥We
ISE ERDF match
Lotteryth*ft)£fETrlll
LotteryLgwl*'w&9tter
2.237
16,704
68.657
17.250
(2,237)
(16,704)
{96.955)
(17.050)
45.348
(17,250)
-1S7￿640) .79439
-1È1%*é73) _79439
-157(f6@67) _79439
-15¢V6900) .79439
79439
1PJrt6è
1 *9É6
988
79439
79439
79439
Lives
HOE WÈJÈ match
MCHLG Covid
Multiply
Natwast
71èè
-15ffié73) .79439
7.754
79439
(7,754)
37,500
5.000
912
70.833
59.944
17,250
(37.500)
(110)
(912)
(70,833)
(59.944)
(17.250)
(4,890)
S2W
Santander
UK SPF-AcGess 4AII
wton Enterprise Project
.754
583.641
17,050
589,799
30,962
381,620
100,383
(92.609)
(30.962)
358,072
381.620
100,383
(92.609)
(30.962)
358.072
Total Funds
373,506
684.025
(17.050)
(682,408)
358,072
13 Analysis of net assets between funds
Unrestricted Restricted
funds
funds
Total
2023
Fixed Assets
Current Assets
Current Liablllties
245.486
374,625
(262,038)
245,486
252,706
374.625
366,835
(262,038) (246,036)
358.072
358,072
373,506
19

ACCESS TO BUSINESS
NOTES TO THE FINANCIAL sTATEME￿rs - coTrtriNUED
FOR THE YEAR ENDED 31 MARCH 2024
Comparative Statement of Financial
14 Activilies
2024
Total
2023
Restricted Unrestrlcted
INCOME
Total
Donations
General donations
20,331
5,741
5,471
Charitsble
activities
Service delivery
Grants and
contracts
123,993
105,739 105,739
522,651
625,188
28.038 653,226
666.974
625.188
139.518 764.707
EXPENDITURE
Charitable
activities
Service provision
682,408
682,267
84,805 767,073
682,408
682.267
84.805 767.073
NET INCOME
(15.434)
(57.079)
54,713
(2,366)
Funds brought forward
Transfers between funds
373,506
375,872 375.872
{49,325)
49,325
Funds ¢arrled forward
358.072
7.754
381,260 373.506
20