REGISTERED COMPANY NUMBER: 07372351 (England and Wales) REGISTERED CHARITY NUMBER.. 1142412 Re rtoftheT lees and Unaudited F- cial Ststements for the Year Ended 5 A ril 2021 The Black Coun Net S A R Attountsnts Shire Bam Hewell Lane Worcesiershire
The Black Coun Contents of the Financial Siaiemen (or the Year Ended 5 A ril 2021 Page Report of ihe TnLStees Independeni Examin¢ls Rep)rt ststerneDt of Financial Activiiies Balance Shtti 6 to 7 Notes to the FinaD¢ial Sthtements 8 to 11 Ddailed Stat¢rnent of Financia] Athivities 12 to 13
TheB ack ConI Net Re rt of the Tnlet5 for th¢ Year En ed 5 A ri12021 The trustees who are also directors of the charity for ihe purposes of the Companies Aa 2006. present th¢ir tEport with the financial Statements of the charity for the vear ended 5 April ?021. Th¢ Istee5 have adopted the provisions of Accounting and Reponing by Chariiies.. Statem¢nr of Retomrnended Pracrice applicabl¢ io chariiies preparing thcir accounts in accordane¢ with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective I January 2019). ORJECTIVES AND ACTIVITIES Objectives and aims The principle objective5 of the company are -. - to promote lh¢ advancement of education of the generdl public Èn Christian principles,. - lo advance Chrtstian educatioll of schtxil children and young people,. - to promote such other purposes currently recognised as charitable and any new charitabl¢ purp05¢. Working primarily in the Black County Ix)rouJs of Dudle).. Sandwell, Walsall and Wolverhampion, promoting church partnerships and helptng communitie5 b). encouraging busin¢ss ¢nierprise, food banks and the like. The main aetivitieg have been facilitating the regular gatherings of leadets from both Church, business. publie and charitable sectors ,including represeniativ¢s of youth and children's work5. on a monthly basis. Cither in the local boroughs or on a wider basis across the Black Couniry. These , we are pleased lo report. have spaled many inifiaiives at every level. Publie benefit The Trustees confinn that they have referred to the Inf0mlI0 contained in the Charity Commissioneffs General Guidance on publrc benefit when revÈewing the Trust's objecttves and aciivtties. The Trustees consider that considerable publi¢ benefit wll b¢ achiev¢d and many members of the public will benefit. ACHIEVEMENT AND PERFORMANCE Charitable activitie5 Sadly. in light of the Covid 19 Pandemi¢. alongside many other Charities and or8anisation4 much of our activities had to be curtailed ( e.g. the ever pxTrpular breakfast gatherings at the Villaoe Hotel) or adjusted ( Zoom meetings Ito meet the demands of the ¢ri5isI Love Walsall in particular hav¢ be¢n doino virtual breaLfasts throughout l(Kkdow? vi& Zoom, gathering people around the themes of work, live. play, learn and worship. However. we are still delighted to be able io report that prioriti, objectives. especially in the discipline of networking conneciions across th¢ Black County remain Sirong and growin& specifically tn re2aid io Next Geneiation dev¢lopment, with Ben Flarris and Ben Butterwonh in¢reasingly becoming Strong plas'ers within ihis arena . Thankfully. we were a150 able lo help and sia}' connected with manv of our friends and supporters via YouTube and Facebook meettng5 called - Together '. Apan 2020. It's ' One Show which capitalised on relationships improved and developed by Together rnagazine forniai proved more than helpful co the Charity's comTnunication efforts and all of Our Core Team and Directors have to k con8rul81rd inio quickly bttoming chat Sho hosts adapting well lo Ih¢ new circumstances. hallenges In conclusion: we ar¢ pl¢ased to report that the Charity continue5 to flourish in ever). ena insptte of the many FINANCIAL REVIF.W Financial position The total Het incoTnel(expendiiure) for the year amounts to £7,727 (2020 £14.148). Total fund5 caTried forward omouni to £93,402 (2020 £85,67S I Th¢ vast majority of the finances requir¢d to fund the activities are raised through regular giving and Ibne-off donatiOll5 from individua15 . local churches and businesses, supplemented by the refijnd of income frorn HM Revenue and Customs through the gift aid scheme. Addttionally granis are sourced aE]d received on an ad- hoc basis. Page I
The Black Count Net Re fort rt of the Trustees Year F.nded 5 A ril 2021 FINANCIAL REVIEW Reserves l1¢Y The policy agreed by the dire¢tors is to aim to hold in whrcstriaed reserves nol commttted or inves(ed in tangible fixed assets { the ' free ' reserves) sufficient t(Tr cover ihe oenenl overhead expenses and salary costs noi specifically funded by extcrnal agencies or ablc to be cov¢red by other eommitted income such as rents ft>T a peri of months. As of 5th April 2021, we feel that the free reserves available of £93,402 would meet this objective. Risk policy and review The directors rcview risk ndiCallY and are wisfied that major risks to which the chariry is exposed. are adequately mitigated through insurance, strdtegic plannin& tK)licies and pnKedures. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing documeat The charity is controlled by its governing documenL a deed of and conslithtes a limited comrAny, limited by guarantee, as defined by the Companies Act 2006. Recruitment and appointrntnt of new trnste¢5 New direetors are appoinied by the existing directors. A selection and recnjitment pn)ces5 tskes place when potential board members are selected after making careful enquiry as to their Suitabilitv and their suppon of the obje¢live5 of the itust. The board aims to havc a broad range of skills repre5enied, in particular exptttise in Chrisiian doctrhne, finance and charity law. The board of dhrecio CU)Tently comprises 016 memr5 who meet quarterly. Direcior Linsey Wil(kmith whilst being o staff brings an additional level of expertise to the board. A Core 'f¢am. consisting of the Eoard of diredOT5 plus * lust 4 other& ond a borough representatives Team also provide input aEJd advice into the management of the irnst. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 07372351 (England and Walcs) Registered Charity Dumber 1142412 Registered offjce Alpha Hous¢ 9 Tipton Street West Midlands DY3 IHE Truslees Revd P G Chamberlain J Cook T Fellow5 A Lowe (rested 2.6201 Mrs L J Wildsmith CoTnmunicatlODS manager Comp&Dy Seeret4ry K R Davi5 Page 2
lack Coun Net R¢ rt of the Trllstees for the Year E ded 5 A ri12021 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Sally-Ann Reeves FCCA S A R Accountants Shire Bam Hewell Lane Tardebig8e Worcestershire Approved by order of the board of trnstee5 OAJ ............................................. and signed on its behalf by.. J Cook- Trustee Page 3
Ind ndent Examinevs Re The Black Coun Net rtto Trusl¢¢s of Independent CMiner'S report to the tnistees of The Bla£k CouDtr) Net {'the Comp3Ny') I report to the charty tnJste¢s on my examin*ion of the aCcoUr of th¢ Company for the J'eaT ¢nded 5 April 2021. Responsibilities and basis of report As the charity's trustee5 of the Company (and also Èts direcioT5 for the purtM)ses of company law) you are responsible for the preparation ofthe accounts in accordance with the requirements of the Companies Act ?006 ('the 2006 Ac¢). Haying satisfied myself that the accounts of the Company are noi required w be audited under Part 16 of the 2006 A¢t and are eligible for Indendent exaTninaiion, I repon in respect of Tny examination of your eharity's accounts a5 earried oui llnder section 145 of the Ch1¢1¢5 Act 2011 {'the 201 l A¢VI. In carying out my examination I have followed the Direction5 given by the Charity Conunission under section 145(5) (b) of the ?0 I l Acl. IDd¢pendent examlner'$ statement I have completed my examination. I confirtn that no mattets have come io my attention in connection with the examinaiion giving me cause to beli¢ve: accounting records were noi kept in resp¢ct of th¢ Company as required by section 386 of the 2006 Act; or the accounts do not accord wilh those records; (Trr the accounts do noi cornply with th¢ accounting requirements of seciion 396 of the 2006 Act other than any requiretnent that the accounts give a true and fair view which is not a matter considettd as part of an independent examination. or the account5 have not been prepared in ac¢ordance with the £thodS and principles of the Siat¢ment of Recommended Practi for accountin(y and rep(Trrtino bs. charities {applicable io charities preptiring iheir a¢counts in £ordaJKe with the Financial Reportints Standard applicabl¢ in the UK and Republic of IrelaDd IFRS 102)). I have no con¢erns and have come acribss no thher matters in connection with the examination to which attention should i drawn in this reiM)rt in order to ¢nable a prOr undersranding of the a¢¢cAts to be r&iched. Sally-Ann Reeves FCCA S A R A¢countsnts Shire Bam Hewell Lane Tardebigg¢ Worccstershire Page 4
The Black Coun Net Statement of Financial Activitie5 for the Year Ended 5 A ril 2021 5.4.21 Total fullds Unrestricted fvnds 5.4.20 Totsl ds Restricteil nds Ne5 INCOME AND ENDOWMENT5 FROM Donations and legacies 48.787 48.787 78.595 Charit#bl¢ activities N¢tworking 12,015 12.015 6.&12 Total 60,802 60.802 85.237 EXPENDtTURF. ON Charitable aetivitie5 Pastoral and Mtlllslry Networking 12.185 40.89J 12.185 40,890 13,729 57,360 Total 53.075 53.075 71,089 r4ET INCOME 7.727 7,727 14,148 RECONCILIATJON OF FUNDS Totsl fund$ brought forward 85.675 85,675 71,527 TOTAL FUNDS CARRIED FORWARD 93,402 93,402 85,675 The notes form part of these financial statcments Page 5
Th¢ Black Coun Net Balance Sheet 5A ril?021 5.4.21 Total funds 5.4.20 Total funds Unrestricted fidS Restricted funds CURRENT ASSETS Prepayments and accrued inc0e Cash at bank 508 93.394 508 93.394 1.009 85,166 93.902 93,902 86,175 CREDrroRS Atnounts falling due within one y¢ar (500) (500) {500) NET CURRENT ASSETS 93,402 93,402 85,675 TOTAL ASSETS LESS CURRENT LIABILITIES 93,402 93,402 85.675 NET ASSETS 93,402 93.402 85,675 FUtYDS Unrestricted fvnds 93,402 85.675 TOTAL FUNDS 93,402 85,675 The chatitsble company is entitled to exemption from audit under Section 477 of th¢ Companies A¢1 2006 for the year ended 5 April 2021. The members have not required the company to obtain an audit of it5 financial statements for the year ended 5 April 2021 in accordance with Seciion 476 of the Companies Aci 2006. The truste¢s acknowledge their responsibilities for (a) ensuring that the charilable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements whi¢h give a trne and fair view ofthe swe of affairs of the charitable company as at the end of each financial year and of its surplus or deficii for each finoncial )'ear in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to fmancial statements, so far as applicable to the chartrable company. (b) The notes form part of th¢5¢ flnancial statetnents Page 6 continued..
The Black Colln ei Balance Sheet- continued ril 2021 These financial statements have beer] prepar¢d in accordance with the provisions applicable to charithble companies subject io the small companies regime. Thc financial statemen(s were approved by the Board of TTUSttts and authorised for issue on and were signed on its thaIr by= lou Q gylfl 2, J Cook- Trustee The notes forni part of these financial statements
Notes to the Financial Statements for the Year Ended 5 A ri12021 ACCOUNTING POLICIES Basts of preparin% the financial ststements The financial statements of the charilable company, which is a public benefit entity wjder PRS 102. have been prepared in accordance with the Charities SORP {FRS 102) 'Accounling and Reporting bv Charities= Statemeni of Recommended Praciice aFolicable io chariiies preparing iheir accounts in accordance with the Financial Ret)tsrting Standard applicable in the UK and Republit of Ireland {FRS 102) (effectÉve l January 2019),, Financial Rep(Trrting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Irelond. and the Companies Act 2(X)6. The fanCial statements have been PTepaThJ under the historical cost convention. Income All income is recognised in the Ststem¢ni of Financial Activiries once the charity has entitlernent io the fund& it is probable that the income wÈll be receiv and ihe amouni can be measured reliably. Expendlture Liabilities are recognised &$ expenditure as soon as there is a legal or constrnctivc obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the atnount of the obligation can be measured reliably. Expenditure is accounied for on an accruals basis and has been classified under headings thai aggregate all cost rele to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis ¢onsisi¢n( with the use of resources. Grants offered subject to condilioJLS which have not been met at the year end dale aT¢ not¢d as a commitment but not accrued as expenditure. Taxation The charity is exelnpt from corporation tax on its charitable aciiviues. Fund ac£ountiDg Unrestricted funds can be used in Ac¢ordan¢e wth the charitable objectives at the discretion of the trustees. Restricted funds can only used lor particular rwtri¢ted purposes within the objects of the charity. Restrielions arise when specified by the donor or when ndS are raised for particular restricted pujyoses. Further explanation of the nature and purp)sc of each fijnd is included in the notes to the financial stat¢ments. Pen5lOIi COSt5 other p05t-r¢tir¢ment benefits I'he charitable Company operates a defined tontribution pension schern¢. Contributions payable to the charitabl¢ company's pension scheme are charged io th¢ StatenKnt of Financial Aaivities in the peri(M1 to whi¢h they relale. TRUSTEES, REMUNERATION AND BENEFITS 5.4.21 5.4.20 Trustees, salartes Twstees, peTt5ions paid 20,563 21,107 353 21,509 21.460 Trust¢es' expenses 5.4.21 5.4.20 Tru5tees' expenses 73 Page 8 continued...
The Bl k Count Net Notes to the Financial Statetnents- conlin for the Year Ended 5 A ril 2021 ST AFF COSTS Th¢ averdge monihly number of employees during the year was as follows- Adminisiration 5.4.21 No employees r¢ceived emolurnents in excess of £60,(X)O. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted funds Restric(ed funds Total funds INCOME AND ENtK)WMENTS FROM Donation5 and legacies 78,595 78.595 Cbaritable aetivities Nettvotking 6,642 6,642 Total 85237 85,237 EXPENDITURE OIY Charitabl¢ Activities Pastordl and Ministry Networking 13,729 57.360 13.729 57.360 Total 71,089 71,089 NET INCOME 14.148 14.148 RECOP4CILIATION OF FUNDS Tofal fllnds brougbt forward 71.527 71.527 TOTAL FUNDS CARRIED FORWARD 85,675 85.675 Page 9 continued...
The Black Coun Net Notes to the Financial Statements- continued for lh¢ Year Ended 5 A ri12021 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 5.4.21 5.4.20 Accruals and deferred income 500 500 MOVEMENT IN FUNDS Net wnovement in fvnds Transfers between nds At 5.4.21 At 6.4.20 Unrestrlcted thnds General fuDd Nexi Generation -1 ogether 2020 Love Wolvertlampto Love Dudley Love Sandw¢ll Love Walsall The010Y Network 42,241 36.674 6.760 1899) 7.188 (i6,524) 4,818 43,862 7,941 60 5.793 11,718 18,953 257 5.793 11,718 18,953 257 85,675 7.727 93,402 TOTAL FUNDS 85.675 7.727 93,402 Nei movement in fimds. included in the aknve are a8 follows: Incoming resources Resources expended Movemeni in fund$ Unrestricted funds General nd Next Generdtion 39,863 19,373 1.308 258 (40,762} {12,185) {127) {899) 7,188 1.181 257 Together 2020 Theology Network 60.802 (53.075) 7,727 TOTAL FUNDS 60.802 (53.075) 7,727 Page 10 ¢ontinued...
The Black C un Net Notes co the Financial Statemen foi the Year F.nded 5 A ril 2021 - coniinued MOVEMENT IN FUNDS- continued Comparatives for movement in Nei rnovement in fi]nds Transfers between nds At6.4.19 At 5.4.20 Unrestricted fund5 G¢neral fund Next Generation Together 2020 (1.0911 8.979 6.260 27295 (900) 42,241 36,674 6,760 500 71,527 14,148 85,675 TOTAL FUNDS 71,577 14,148 85,675 Comparative n¢t movemeni tn funds, included tn the abov¢ are as follows.. Incoming resour¢e5 Resources expended Movement in ndS UDrestrieted funds General fund Next Generation Tog¢iher 2020 39.416 22.585 23,236 (40.507) (13,606) (16.976) (1,091) 8,979 6.260 (71.089) 14,148 TOTAL FUNDS 85,237 (71,089) 14,148 RELATED PARTY DISCLOSURES D Chamberlain, daughter in law of Trusttt Revd P G Chamberlain. was paid £1 1.608 (2020 £12.9991 during the year for Consultancy fees as the Next Genemion coordinator. Page 11
The Black Coun Net Detailed stateme of Financial Activitie% for the Year F.nded 5 A ril 2021 5.421 5.420 INCOME AND ENDOWMENTS Donations and legacies DonatlOn5 Gift aid 42.680 6,107 69,843 8,752 48.787 78.595 Charltable aetivitles Breakfast meetings Retreats Other receipts Covid 19 Support Grani {70) 5,530 1,112 2,085 10,000 12.015 6.642 Total incomiDg resource5 60.802 85,237 EXPENDITURE Charitable a<livities Tntstees, salaries Trustees. pensions paid Trustees, expenses IT Support Insurance Events Retreats Workers exnseS CoEnpuier equipment Next Generation CoordInar Consultancy Gifts incl. Yisiting speaker5 20,563 946 21,107 353 73 63 1,430 22,031 2.261 150 47 12,999 1.102 1,823 1.424 11,908 4,744 5,597 4,576 48.568 65,090 Support Costs Man8gemeDt Postage and ststionery Membership and subscriptions 902 350 951 956 1252 Finance Bank tharges 78 131 This page does not forni part of the statOry fll)ancial siaiemenis Page 12
The Bla oun Net Det2iled Sratement of Financial Activitie for he Year Ended 5 A 5.4.21 Finance Information technology Software and web hosting 5.4.20 1.447 Governanee Costs Accountancy and legal fees 2,871 Total resources expended 2,026 1,745 53.075 Net income 71,089 7,727 14,148 This page does not fomi part of the statutory fjnancial statements Page 13