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 D￿AlL5
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
Marketin￿lT. 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.
oBJE￿IVEs 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, 5￿tems 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 (Cotrrtlm￿dJ
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 suc￿sSfUllY 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 SeC￿r 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 servI￿s.
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
T￿LIble￿)￿jA%S￿S
238,2e6
245,486
tkbtors
Cash at b￿k
14,407
317,544
331.951
87.491
287,134
374,625
knuntsfai1ngdue￿lthin0nes
Def￿ In￿n
10
168,4121
1162541
184,66n
157.3591
(76,2221
1133,581)
247284
241,044
Loryterrnlialxlities
c￿litorS.. aTrJJntsfdling
duein moreth￿one5
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 re￿Iv8b1e.
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
I9￿26
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..
DeP￿cIation- 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 Ca￿led forward
368,038
358,072 358,072
20