REGISTERED COMPANY NUMBER: 05084674 (England and Wales) REGISTERED CHARITY NUMBER: 1138761 ACCESS TO BUSINESS REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
ACCESS TO BUSINESS CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 202S Page Report of the Trustees 2to8 Independent Examinerfs Report to the Trustees of Access to Business Statement of Financial Activities io Balance Sheet Ilto12 Statement of Cash Flow 13 Notes to the Financial Statements 14to20
ACCESS TO BUSINESS REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees who are also directors of the charity for the purposes of the Companies Art 2006. present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provislons of the Accounting and Reporting by Charities.. Statemènt of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectlve l January 20151. REFERENCE AND ADMINISTRATIVE DAlL5 Règistèred Company number 05084674 IEngland and Walesl Registered Charity number 1138761 Registered offi The Curve 81 Tempest Street Wolverhampton West Midlands WV2 IAA Trustees C Bri88s- Chair R finsley C Williams-Findlay M Dovey M Mangat C Srnith Independent Examiner Daw White Murrall l George Street Snow Hill Wolverhampton WV2 4DG A¢¢ountsnt lan Gregory FCA Daw White Murrall l George Street Snow Hill Wolverhampton WV2 4DG Solititors FBC Manby Bowdler George House Saint John's Square Wolverhampton West Midlands WV2 4BZ
ACCESS TO BUSINESS REPORT OF THE TRUSTEES (Ctsnttnyed) FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The organisation is a charitsble cornpany limited by guarantee, as defined by the Companles Act 2006, incorporated on 25th March 2004 and registeied as a charity on 2nd November 2010. The company was established under a Memorandym of Association whlch established the object5 and powers of the charitable company and Is governed under its Articles of Association. The Article5 of Association were last amended on 8 August 2020. Recrultment and appointment of new trustees The directots of the company are also Charity Trustees for the purposes of charlty law and under the company's articles. Under the requirements of the Memorandum and Articles of Association the director5 of the Charity are elected at the Annual General Meetin& though the Board may co-opt potentlal new directors on to the Board at any time during the year. At each Annual General Meetin& one-third of the directors must retire by rotation and. should they wish to do so, put themselves lorward for re-election. Under the Memorandum and Article5 of Association there is no maximum term that a director can serve, Subject to the requrrement to retiie and re-apply every three year5. Efforts are made by the board and management to Tecruit new trustee5 With appropriate skills and in particular, increase the number of Trustee5. A total of nine trustees should be the aim. The Board follows the Good Governance.. a Code for the Voluntary and Community Sector, whith is jointly developed by NLWO. SCC, ICSA & WCVA and is supported by the Charity. Induction and training of new trustee5 All new trustees are offered an induction into the organisation by the management team and Chair. Trustees are asked to maintain regular contact 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 makè sure the organisation's needs in relation to skllls, experien and diversity are met. Or8anlsatlonal Structure The Board is cornprised of the six currènt directois. Board meetin8s are undertaken on a quarterly basis, and rnore frequently when necessary. The Finance Sub Committee now includes two directors and also meets on a quarterly ba51S. Management responsibility of the organisation rests with the Managernent Team who deals with operational matters. Strategic focus. along with scrutiny of the management, is the remit of the Board. staffin8 during 2024-25: Chief ExecutNe Officer: Josie Kelly Managers: Slmon Moore / Paul Tabor I Paula McHugh SeniorAdvisors'. Lester Knight J Bal Dhillon l James Brennan l Keith Fitzsirnons / Gary Lees Iredundancy 7 February 20251 Advisors.. Jessica Cockerham / Jasbir Singh Employment Advisors.. fianna Dunne- Johnson (redundancy 24 January 20251 Education Tralner.. Debra Westwood MarketinlT. Rikesh Patel I Samuel Weavèr Iredundancy 31 July 20241 Admin %tsff= Kelly Hines / David Maiden (redundancy 24 january 20251 Line Managers review staff development yearly and all staff have the opportunity to undertake further relevant tralning and development for their role.
ACCESSTO BUSINESS REPORT OFTHE TRUSTEES IContinu¢dJ FOR THE YEAR ENDED 31 MARCH 2025 Rlsk management The Directors have a duty to identify and review the risks to which the Charity is exposed and ensure appropriate controls are in place. The Board undertake a formal organisational Risk Asses5rnent on a yearly basis and a quarterly review of the rnajor risks which have been identified and are satisfied that major risks are being managed. The main external risks to which the or8ani5ation is subject is the reliance upon funding from the public seetor. Cuts to public spending and the increased competition for the available funds elevates the fisks for future fundinÉ of A¢ces5 to Buslness. The Board and the Management Team developed a broad strategy to diversify income and the Management Team 15 working to implement thls as a matter of prioritv. Networklng and Partnershlps Acce55 to Businèss networks throughout the Black Country and members of staff represent the organisation on a number of local boards and 5teerin8 8roup5. oBJEIVEs AND AUIVITIES Aims and Objertives Access to Buslness's prlmary objectlve, as stated In Sts Memorandum of Association. is for 'the relief of unernployment for the public benefit in 5u¢h ways as may be thought fjt including assistante to find employment,. It is Access to Business's rnission to be an independent and authoritative advocate to support disadvantaged people in the Black Country towards training, employment, 5elf-employment and enterprise with a specialism for supporting disadvantaged people with health problems or disabilities. Our vision is that all disadvantaged people realise their full potential and to have an equal opportunity to compete in the workplace. Wolverhampton has one of the highest rates of unemployment in the UK. Access to Business works to provide.. An enterprisin8 environment for the resident5 of Wolverharnpton enabling opportunities for new businesses to thrive. A stimulating environment for people to learn and achieve. An inclusivè source of information, advice and guidance for career development. In the context of its vision, the organisation identified three Strategic aims.. Aiml Place the interest of ¢lients at thè heart of everything we do and involve them in all aspects of work at Access to Business Aim2 Ensure dlents have access to hlgh quallty Information. advice. guidance and an appropriate range of 5UPPOrt and training service5 which promote and %Èture equality of opportunity, open access and inclusiveness. Aim3 People, Resource, 5tems to ensure that Access to Business has effectNe governan, people management, resource management and quality assuranre systems to ad)ieve excellence and long- term economic sustainability
ACCESS TO BUSINESS REPORT OF THE TRusfEES {Conthued} FOR THE YEAR ENDED 31 MARCH 2025 The Focus ofour Work Access to Business is committed to continlting as a vibrant, diverse and Independent voluntary sector organisation to 5UPPOrt the relief of unemployment in the 81ack Country. We work closely with many voluntary and statutory partners including Clty of Wolverhampton Councll and other key partners across the City to deliver and drive forward the Wolverhampton Plan for 2030 which set5 Out an ambition that 'Wulfrunians w511 live lon8er, healthier lives., Delivery of this ambition is supported by six overarchin8 priorities.. strong families where children grow up well and achieve their full potential Fulfilled lives for all with quality care for those that need it Healthy, inclusive communities Good homes in well-connected neighbourhoods More local people into good lobs and training Thrtvlng economy in all parts of the city Supportin8 the six overarchin8 priorities are three Cross cutting principles: Climate Conscious Driven by DigTtal Fair and Equal Acce55 to Buslness actively promotes and supports the Wolverhampton priorities through all of its service5. Charltable 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 benefit guidance published by the Charity Commi$5ion. The following activities have been undertaken for the public benèfit.. Employment Support. Digital Skills. Health and Wellbein& Business Support, Self-Employment and Social Enterprise Development. and Training. We work with many partners on a rhumber of different projects across the Black Country. For all 5elf-employed clients or thosewho setup a business or social enterprise. we provide ongoing help to support their business survival. A5 part of this support, we provide office services. buslness advice and guidance including practical help with business plannin& marketing, rrnancial record keepin& and completing self-assessments. Volunteers OUT beneficlarles have access to voluntary work opportunities wlthin our premises.. Training Centre and the Enterprlse Suite. Thè volunteer roles provide opportunity to develop a range of skills to support our beneficiaries, routes tts work and help to increase thelr ¢onfideno. Access to Buslness have a Client-led user group, Access4AII, and vièws tsf the group are takèn Into account to develop tuture services and shape service delivery. Policies and servlces take full account of inequality legislation and mitigate against discrimination against protected characteristic Eroups as defined in the Equality Act 2010 and subsequent amendments. Ourvolunteèr led supportlsocial group also offers peer-to-peer support for beneficlarSes, Including providing supptsrt for our outreach events, raising funds to enable them to organlse social events and provide feedback on our services to help to ensure that we are able to meet the demands of all of our beneficiaries. The Trustees have also considered Charity Commission Euldance on public benefit when planning activities.
ACCESS TO BUSINESS REPORT OF THE TRUSTEES (CotrrtlmdJ FOR THE YEAR ENDED 31 MARCH 2025 Quallty Assurance Access to Business has a proven track record for quallty of dellvery and seNices. We evaluate our work wherever possible by client feedback and funders evaluations and reports. Actess to Business holds relevant accreditations including MATRIX. IS09001. Level 3 Disability Confident Leader and Cyber Essentials which are reassessed andlor reaccredited nnually or every three years. Access to Business is an accredited training provider for NUCO and NCFE Awarding Bodies. All re-accreditation audits for these quallty frameworks were successfully passed durlng 2024-2025. ACHIEVEMENT AND PERFORMANCE During 2024-2025 Access to Business has worked on several successful contracts supporting unemployed people into training, work, self*mployment or social enterprise development. The DCMS funded pilot project, led by Inltlatlve for Soclal Enterprlse. concluded in September 2024 generating £56,599 during the year. The Social Enterprise Boost Fund project encouraged and supported Social Enterprise start up and development in Wolverhampton with potential to secure grant to start or grow. The projert was delivered as a partnership between 5 organisations.. the lead, two delivery partners IAccess to Business providing 5UPPOrt in Wolverhampton and SWEDA supporting In Sandwelll and two grant managing partners IwvcA in Wolverhampton and SCVO in Sandwelll. The pilot project ¢onclvded earller than planned. Durlng its operations 14 new social enterprises were established. 30 existing social enterprise5 were supported to develop and grow and £120,000 was issued in grant support to the enterprises accessing support through this project. We succe55fully obtained £50,000 of funding from the UK Shared Prosperity Fund. managed regionally by West Midlands Combined Authority, during 2024125, for our Small Step5 to Success project which supported those furthest from the jobs market who often experience issues of social isolation. Our project activity included confidence buildin8 workshops and a¢tivilies, a¢$5 to tralnlng and accredited qualifications, as well as support into employment and support with digital and financial advi¢e. Heart of England provided funds totalling £72,327 for our ACTIV project, which supported volunteer5 With a range of skÉlls to help them transrtlon towards employment. The main focus of this programme wa5 a 8ardenin8 project at Bi15ton Craft Gallery which Saw over40volunteers work on a wide range of acttvltles, to help bring thegarden back to life. with grounds tlearance, landscapin& and planting of a wide range of flower5, fruit and vegetables into a previously unused spot in the centre of Bilston. This project was extended into 2025126. Santander funded Access to Busine55 With £185,000 to deliver the 3 year Incluslve Fuiures programme between 2021 and 2024. We supported 240 beneficiaries to improve their digital and financial ski115 empowering them to be more financially aware and digitally included. We sucsSfUllY bid for a Community Led Business Support project which was 3 pilot between Business Growth West Midlands IBGWMI and the West Midlands Combined Authority's independent Race Equalities Ta5kforce. The projert was funded from UK SPF monies. The project's remit was to engage and support established black led Wolverhampton businesses providing support to help them to 8row and referrinÈ them into the wlder BGWM business growth activitie5. Originally contracted to support 46 businesses, our contract wa5 extended during the delivery term to Incorporate an additional 12 business clients. Funding for this contract increased from £45,000 to £89,000. We successfully Secured a Digital Divide contract with West Midlands Combined Authority with a value of £142,857 to provide digital skills support to 200 Wolverhampton residents. The contract requires that 122 of th¢Tr5e supported progress into accredited Adult Education Budget funded training. The project started in December 2024 and completes in Julv 2026.
ACCESS TO BUSINESS REPORT OF THE TRUSTEES {Coneinued) FOR THE YEAR ENDED 31 MARCH 2025 Other projects we worked on were fvnded through the followSng routes.. Good things Foundation- HMRC Project NatWest- WISE (women into Self EmploymentlSocSal Enterprise) Barrow Cadbury- Social Enterprise Cluster Work steps to Work- Black Country Futures Dudley MBC UK SPF- Thinking About Business HOE Communities Fund- Growin8 Futures West Midlands Combined Authority- Multiply FINANCIAL REVIEW Principal funding sources The principal funding sour$ for the charity are grants. contracts and social enterprise activity. Over the last few year5, the funding landscape h35 been consistently changinÈ which has meant that malntalnlnÈ ihe same level of income has become increasingly challenging. The SeCr incorne from Government Is becoming more centralised and almost entlrely focused on contracts dellvered mainly by larger organisations. Despite this, we have remained successful In secuiing funding to enable us to maintain oijr work, and in the year under review our income was £669,520. This fjgure 15 Similar to the previous yearfs income of £666,974, which continues to reflect the changlng landscape around the availability of grant fundin& and the increasingly competitive nature of accessing these funds. We are particularly proud of our success in winning a contract to deliver Social Enterprise 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 continue delivery on an 18-month contract with the Heart of EnEland to run a Volunteering Project. We have managed to secure several short-term contracts and grants durlng the flnancial year. Expendlture revlL>W Our eypenditure wa5 strictly in line with the projects, financial targets. Investment polrcy and objertives Acce55 to Business will retain an amount In reserves each year to secure the Continuity of Access to Buslness. It is not expected that there will be funds for investment, however, if funds do build up, then Trustees aÉree that this income should be kept in a high interest account with immediate acoss. Re5erve5 policy In Common wlth many charities, we aspire to hold slx months runnin8 costs in reserves. At the end of March 2025 our re5erve5 totalled £368,038, which represents just over 6 months costs, which the Trustees believe is satisfactory
ACCESS TO BUSINESS REPORT OF THE TRUSTEES (Continued) FOR THE YEAR ENDED 31 MARCH 2025 FUTURE DEVELOPMENTS Contract5 and bids for fundinB will continue to be our rnain souro of income for the short to rnedium term, but we will need to develop ways of be¢oming less dependent on them in order to make our organisation have greater long-term prospects. Work is underway to develop plans to generate income from commercial seNices to make the charity less reliant on grant funding opportunitles. Access to Business's Board realised the need to be more entrepreneurial while adapting to the new funding landscape and Access to Business's Trading arm. 805 8usiness Office Solutions CIC. was established in December 2016. During 2024- 2025 BOS Business Solutions CIC rnana8ed to 5U5tain its artiv&ties and generated turnover Of £23,029 which is likely to result in a donation of £9,250 to Access to Business. The BOS soctal enterprise provides employment and work 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. Plans to generate income from commercial services is a longer term solution and in the shorter term, work is on8oirig to identify and secure alternative funding streams to continue delivering our vital servIs. Access to Businè55 will further dèvelop its partnerships with local and regional provider5 to continue to support the local employment, enterprise and ski115 agenda. The charity plans to build on the success we hav@ already achieved and to Continue the activities outtined above In the forthcomin8 years, subject to satisfartory funding arrangements. ON BEHALF OF THE BOARD: Mr C 8riggs- Director Date..
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF ACCESS TO BUSINESS FOR THE YEAR ENDED 31 MARCH 2025 I report on the accounts for the year ended 31 March 2025 set out on pages 10 to 20. Respectlve responsibilities of trustees and examSner The charity's trustees Iwho are also the directors for the purposes of company lawl are rèsponsible for the preparation of the accounts. The charitvs trustees consider that an audit is not requlred for this year (under section 144121 of the Charities Act 2011 Ithe 2011 Act) and that an independent examination 15 required. Having satisfied 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 account5 under Section 145 of the 2011 Act To follow the procedure5 laid down in the General Dlrections given by the Charity Commlssion (under Section 14515llbl of the 2011 Actl- and To Stale whether particular matters have come to my attentlon. Basics of the Independent examiner's report My examination wa5 carried out in accordance with the General Directions given by the Charity Commission. An exarnination includes a review of the accounting record5 kept by the charity and a tornparison of the accounts presented with those records. It also includes consideration of any unusual items or dis¢losures in the accounts. and seeking explanations foryou as trustees ¢on¢erning anysuch matters. The protedure5 undertaken do not provide all the evidence that would be requirèd in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair Vie and the report is limited to these matters set out in the statements below. Independent examlnerfs statement In connection with my examination. no matter has come to my attention.. 111 Whlch Elves me reasonable cause to believe that. in any material respect, the requirements to keep accountlng records In accordance with section 386 and 387 of the Companies Act 2006.. and to prepare accounts which accord wlth the accounting 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 Reportlng by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Frnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151 have not been met- or 121 to which, in my opinion, attentior¢ should be drawn in order to enable a proper understandlng of the accounts to be reached. Sophie White FCA Daw White Murrall l George Street Snow Hill Wolverhampton WV2 4DG c¥LiiJ.25
ACCESS TO BUSINESS STATEMENT OF FINANCIALACTIVITIES FOR THE Y&4R ENDED 31 MARCH 2025 Restrirted fund5 Unrestricted funds Note Total 2024 INCOME Donations General donation5 Charitsble artivitie5 SeNice delivery Grants and contract5 19,826 19,826 20,331 58,536 479,230 91.928 150,464 123,993 20,000 499,230 522,651 537,766 131,754 669,520 666,974 EXPENDITURE Charltable actlvltles Service provision 531,232 128,322 659,554 682.408 531,232 128,322 659,554 682,408 INCOME 6,534 3.432 9,966 115,4341 Funds brought fonvard Transfers between funds 358.072 358,072 373,506 6.534 16,5341 Funds carried forward 368.038 368,038 3S8,072 The Statement of Finanual Activities includes all gains and losse5 in the year. All incoming resources and resources expended are from continuing activitie5 io
ACCESS TO BUSINESS BALANCE SHEEr AS AT 31 MARCH 2025 2025 2024 TLIble)jA%SS 238,2e6 245,486 tkbtors Cash at bk 14,407 317,544 331.951 87.491 287,134 374,625 knuntsfai1ngduelthin0nes Def Inn 10 168,4121 1162541 184,66n 157.3591 (76,2221 1133,581) 247284 241,044 Loryterrnlialxlities clitorS.. aTrJJntsfdling duein morethone5 11 {117.512} 1128.4581 368,038 358,072 12 Fèstrict funcls Unrestrictelfunds 368.038 358,072 368.038 358,072 For the year ending. 31" March 2025, the cornpany was entltled to exemption from audit under Sectton 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordante with section 476 of the Companles Act 2006. The Dlrecrors acknowledge their responsibllltyfor cornplying with the requirements of thèArt with respect to accounting records and the prepaiation of accounts. li
ACCE55TO BUSINESS BALANCE SHE (Condnuedl AS AT 31 MARCH 2025 The trustees acknowledge their responslbilities for ensuring that the charitable company keeps acctsunfjng records that comply with sections 386 and 387 of the Companie5 Act 2006 and preparing financial ststements which give a true and fair view of the state of affair5 of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relatin8 tts linancial statements, so far as applicable to the charitable company. Ibl These Accounts have been prepared in accordance with the provlslons appllcable to companies subject to thè small companie5 regime. Approved by the Board of Trustees and signed on thelr behalf by: Mr C Briggs Director zs 12
¢ess to Business Statèment of Cash Flows For the year ending 31st March 2025 2025 2024 Cash flows from o eratin Net SJ)come rtiviie5 9,966 115.4341 Adjustments for Depreuation of tangiblefixed assets Increase/decrease In debtors Increaseldecrease in creditors 7,220 73.084 150,0871 7,220 79,222 25,417 30.218 111,859 Net tash provided by opwating activitSes 40,184 96,425 Cash llows from financial activities Repayments of borrowin8S 19,7741 19,4141 Net increaseldecrease in cash Cash at beginning of year 30,410 287,134 87.011 200.123 Cash at end of yea¥ 317,544 287,134 13
ACCES5 TO BUSINESS NOTES TO THE FINANCIAL STATEMETrThS FOR THE YEAR ENDED 31 MARCH 2025 l. Accountln8 pollces The prlnclple 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, which is a public benefit entity under FRS 102, have been prepared In accordance wlth the Charldes SORP IFRS 1021 'Accounting and Reporknng by Charities: Statement of Recommended Practice applicable to ctrtarities preparing their accounts in accordance with the Financial Reporknng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective ljanuary 20151., Flt)anclal Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financlal statements have been prepared under the historical cost convention. bl Fund ateountin Unrestricled fund5 are avarlable for use at the discretion of the Directors in furtheran of the general objectives of the organisation. Designated funds are unrestrlcted fvnds earmarked by the Dlrectors for parmcular purpose Restricted funds are subject to restrictions on their expenditure imposed by the donor or by the temis of an appeal. Incomin resources All incoming resources are included in the Ststement of Financial Acbvities ISOFAI as soon as the organisation is entitled to the income and the amount can be quantified with reasonable accuracy. The following spe¢lflc poli$ are applled to partlcular categorles of Income: Voluntary income 15 received by way of grant, donation5 and gifts and is included in full in the SOFA when recelvable. Donated services and facilities are included at the value to the orÈanisation where thls can be quantified. The value of service5 provided by volunteers has not been included in these accounts. Investment income is Included when reIv8b1e. Incoming resources from grants which are related to performance and specific deliverable5 are accounted for 35 the or8arbisation earns the right to consideration by its performance. Grants where entitlement is not conditional on the delivery of 3 specific performance by the organisafjon are recognlsed 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 sfATEMENTS {CtrntinuedJ FOR THE YEAR ENDED 31 MARCH 2025 dl Resources ex ended Expenses are re¢oBnised on an accrual basls as a liability is incurred. ExpendItU includes any VATwhich cannot be fully recovered. and VAT Is reported as part of the expenditure to which it relates. Costs of Eenerating funds comprises the costs associated with attraciing voluntary Income, Including an apportionment of staff time if materlal. Charitable expenditure comprise5 those costs incurred by the charity in the delivery of its acttvlnes and services 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. Governance costs comprise those cts5ts associated with meetin@ the constitutional and statutory requirements of the charity, and include the audit fees and costs linked to the strateglc manaÈement of the charity. All cost are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of resources. Costs relating to a particular activity arè allocated directly, others are allocated on a basis consistent with the use of the resources e.g. in proportion to staff costs relaff ng to that aciivity. eratSn leases The organisation classifies the lease of certain office equipment as operating leases. Rentals payable under operating leases are charged to the SOFA on a stralght line basis over the term of the leage Penslons The organisation does not operate it% own pension scheme. Contributions are made directly to employees. personal pension plans wherè applicable gl Fixed Assets Fixed Assets are 5tsted at cost less accumu13ted depreciation. The cost of minor additions or those costtng les5 than £IOOO are not capitalised. Depreciation is provSded on a straight line basis at a rate deslgned to write off the cost of each asset ijver its expected useful Ilfe at the following rates.. Property Office equipment and computers Fixtures and fitknngs 33% 15% Income from DonatEons Restricted Unrestricted Totsl 2024 General donations I926 19.826 20,331 15
ACCESS TO BUSINESS NOTESTO THE FINANCIAL STATEMENTS fcontinued) FOR THE YEAR ENDED 31 MARCH 2025 Income from Charitable Artivltles Grants and contracts Aston Universttv Barrow Cadbury Black Country Futures City Economy Fund Dudley MBC ERDF less claimed on behalf of partners Heart of England- Acnv Heart of England- Growing Places meetlng People Initiative for Social Enterprise Lottery- BulldSn8 Better Uves Lottery- Awards for All Natwest S2WI 8ridge5 Santander UK SPF- Access 4 All UK SPF- Small Steps to Sucws WCC- Wolverhampton Enterprise Project WMCA- Digital Skills WMCA-Growth Hub Restricted Unrestrirted Total 2024 20,000 20.000 47,763 16,867 47.763 16,867 2,237 16,704 17,250 14,432 14,432 68,657 117.0501 74,773 72,237 67,802 56.599 72,237 67,802 56.599 124.473 75,000 6,667 5,000 912 70,833 59.944 47,917 47,917 50,000 50,000 17,250 16.613 89,000 16,613 89,000 479,230 20,000 499,230 522,651 Charitable activiti 4. 12Mritsblektivitye¢%ts ort costs Total 2024 Client support Premises Office costs Staff costs Management fees 45,752 45,752 40.368 48,257 483,932 41,245 49,345 36.779 42.547 517,965 35,770 40.368 48.257 44,542 36 439,390 41,209 526,351 133,203 659,554 682,408 16
ACCESS TO BUSINESS NOTES TO THE FINANCIAL STATEMENTS Icontlnued) FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Net IncomelExpenditure Net Income lexpenditure Is shown after charging.. DePcIation- owned assets Independent Examlners fee 7,220 870 7.220 1,313 Trustees, Remuneration and benefits No Twstee received ary remuneration or benefits12024- Nil) No trustee5 were reimbursed any expenses12024- Nill Staff costs Salaries Pension contributions Social Security costs 403.713 6,727 32.708 4S2,279 8,428 34,369 443.148 495,076 The average number of employees during the year was 2412024- 241 The number of employees eaming over £60,000 was nil 17
ACCESSTO BUSINESS NOTES TO THE FINANCIAL STATEMENTS Icontinued) FOR THE YEAR ENDED 31 MARCH 2025 Tangible Fixed Assets Offic ui Land and Buildin and Fixture5 and uters Fittin COST Total At 1st April 2024 361,008 20,890 39,426 421,324 At 31st March 2025 361,008 20.890 39.426 421.324 DEPRECIATION At 1st April 2024 Charge for the yèar 115.522 7,220 20.890 39.426 175,838 7.220 At 31st March 2025 122,742 20,890 39,426 183,058 NET BOOK VALUE At 31st March 2025 At 31st March 2024 238.266 245,486 238.266 245.486 2025 2024 Debtors Debtors 14.407 14.121 73,370 Prepayments 14.407 87.491 10. Creditors Amounts fallin due within one Bank loans and overdrafts Social security ard taxes Deferred incgrne Accrued expenses ar 10,932 9,760 16,254 57,479 76.222 47,598 84.666 133.581 11. Credltors Amounts fallin due after more than one Bank loans due wlthln 2 to S years Bank loans due in more than 5 years èar 52,878 64.634 48,128 80,330 117,512 128,458 18
ACCESS TO BUSINESS NOTESTO THE FINANCIAL sfATEMENTS (Coniinuedj FOR THE YEAR ENDED 31 MARCH 2025 Asa 1st Claimed on beh31f of artners at 31st March 2025 Match fundin 12. Movement In Funds enditure Transfers Restrlcted funds Barrow Cadbury Blad( Country Futures Dudley M8C Fix The Digital Oivide ISE 47.763 16,867 14,432 8,560 56,599 72,237 67,802 49.976 47,917 50.000 16,613 89.000 147.7631 116,8671 113.8981 15341 12.5601 16.0001 156,5991 172,2371 167,8021 149,9761 147,9171 150.0001 116,6131 189.0001 HOE ACTIV HOE Growing Places Meeting People Multiplv Santander UKSPF- Small Steps to Success WMCA Di8ital Skllls WMCA Growth Hub 537,766 1531.2321 16,5341 Unrestrirted fund5 General funds 358,072 131,754 1128,3221 6.534 368.038 358,072 131.754 1128,3221 6,534 368,038 Total Fund5 358,072 669.520 1659,5541 368.038 13. Analysis of net assets betweèn funds Unre5trrtted Restricted funds funds Tot 2024 Fixed Assets Current Assets Current Dabilities 238,266 331,951 1202,1791 238,266 331.951 1202,1791 245.486 374,625 1262.0381 368,038 368,038 358.072 19
ACCESS TO BUSINESS NOTES TO THE FINANCIAL STATEMENTS {ContlnuedJ FOR THE YEAR ENDED 31 MARCH 2025 14. Comparative Statement of financial Activities 2025 Total 2024 Restrlcted Unrestricted INCOME Total Donations General donations Charitable activitles Servite dèlivery Grants and contracts 19,826 3,1100 17331 20,331 150,464 499,230 40,940 522,651 83,053 123,993 522,651 669,520 S66,S91 100,384 666,975 EXPENDITURE Charitsble activities Service provlsion 659,554 589,799 92,609 682,408 659,554 589,799 92,609 682,408 NEf INCOME 9,966 123,2081 7.774 115.4331 Funds brought for%Yard Trdnsfèrs between funds 358,072 17,7541 30,962 381,260 373,506 130,9621 Funds Caled forward 368,038 358,072 358,072 20