REC.ISTF.RED COMPANY NUMBF.R: 0737231 (En2laNd and Wales) REGISTERED CHARITY NUMBER: 1142412 Re rt of th¢ Trutt5 and Unaudiied Financial Siatetnents for the Year Ended 5 A ril 2024 for Th¢ Black Coun S A R Ac¢ounlants Tower View Broadway Road Childswickham Broad?y Wotcestershire WRI27HD
The Black Coun Net Contents of the Financial Statements roi the Y Ended 5 A ri12024 Page Reference and Administrdtive Details Report of the Trustees Independent Examiner's Ret Statement of Financial Activities Balance She¢t Notes to th¢ Financial Statements 7 to 11 Detsiled Statetnent of Financial Activities 12 10 13
The Bla OUT) Net Refcrcn¢¢ and Administrdlive Details for the Year Ended 5 A ri12024 TRUSTEES Revd P G Chamberlain T Fellovis Mrs L J Wildsmith (Communication5 manager up to 31.08.23) COMPANY SECRETARY K R Davis RF,GIsfERED OFFICE Alpha House 9 Tipion Streei Sedgley Wegi Midlands DY3 IHE REGISTERF.D COMPANY NUMBER 07372351 (England and Wales) REGISTEREDCHARITY NUMBER 1142412 INDEPENDENT EXAMINER S A R Accountsuts Tower View Broadway Road Childswickham Broadway Worce5tershir¢ WR12 7HD Page I
The Black Coun N¢t ort of the Trustees for the Year Ended 5 A '] 2024 The tNstees who are also directors of the charitv for ihe purpos¢5 of the Companies Act 21h)6, present their report with the financial statements of the charity for ihe year ended 5 April 2024. The trnstees have adopted the provisions of Accouniing and Reporting by Charities= Siaternent of Recolnrnended Practice applicable Lo charities preparing their accounts in accordance wilh the Financial Reponing Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). ORJECTIVES AND ACTIVITIES Objeetives and aims The principle objectives of th¢ company are :_ - tts promote the advancement ofeducaiion of ihe oenernl public in chri13n prin¢iples- - to advance Christian education of whool children and )'owig people; - to promote such other PUTrthes currently rrfognised as charKtabl¢ and any new chaTitable purpose. WoTking primartly in th¢ Black Country FM)rough5 of Dudley. Sandwell. Walsall and Wolverhatnpton. promoting chur¢h partnetships and helping communities by encouraging bu5incss enierprise . fiM)d barths 8J]d the like. The main activiiies have been facilitaiing the regular gatherings of lead¢rs from both Church, business. public and charithble sectors ,in¢luding representative5 of vouth and Childn,$ works. on a monthly basis. either in the local boroughs or on a wider basis across the Black Country. These . we are pleased to reporL have spaNed many initiaiives at every level. Public benefit The Trllste¢s confm that they have refeed io the inforniation contalned in the Charity Commrssionerfs General Guidance on publ5¢ b¢nefii when reviewng the Tn1.5 objecti*cs and activities. The Trust¢¢s consider that con5iderdble public benefit wtll be achieved and many members of the public will benefiL ACHIEVEMENT AND PERFORMANCE Charitable activities We are dclighted io report that Lov¢ Black County has now achieved 30 years of serving the wider church in our area drawing many churches, individuals and organisations TOGEfHER during that tirne. The past year has been no exception, in that, regional gathering5 and conferences have occurred across the bon)uJo s, including L¢adcTS Retreats and targeted conferences Highliohts would include a very. necessary Mental Health Awareness Conference in November, aiding and as5isiing around 150 leaders io meet the Challenge of 0r age and culture. We also saw the Dudley Borough being drawn together io cel¢brWe a remarkable Passion Play , Whil in Walsall , the regular Easter Ftstival continues to gain ground The relaunch of Kingdom Business N¢Nork, via breakfasts and conferences , has ¢ontinued ts) flouristy w'hilsi at the same time our con¢entrdtion on the neeth of the Next Generation remain undiminished . We look fonvard to contÈnu¢d progress over the forthcomingyear. FINANCIAL REVIEW Financi41 position The toial nei expenditu over income for the year amounts to £13.139 (2023 net expenditure over income £33.099). Total funds Carried fonvard amount to £66,270 (2023 £79.4091. The vast Tmajority of the finances required io fund the activiti¢s are raised through regular gÉving and one-off donations from itidividuals , local churches and businesses, SuppleMend by the refund of incgme from HM Revenue 2nd Customs through the gift aid scheme. Additionalti, grants are sourced a1 received on an ad- hoc basis. Reserves policy The policy agrttd by the directors is to aim to hold in unrestricted rescrves not committed or invested in tangsbl¢ fixed assets { the ' free . reserves) sulTicient to cover the general oi'erhead expenses and salary costs not specifically funded by external agencies Or able to be covered by other commilled income such as rents for a p¢riiKI of Six rnonths. As of 5th April 2024, we feel that the free reserves available of £66270 would wn¢et this objective. Risk policy and review The dire¢tOTS review risk periodicalty and are ]Sfied that major ri5k5 to which the charity És expos¢d, are adequately mitigated through insurance. straiegic platmin& policie5 and pr(Keth]res. Page 2
Re ort of the Trustees for the Year Ended 5 A ril 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing docurnen( a deed of In. and constitutes a limited company, limit¢d by guardnt¢e, as defjned by the Companies Act 2006. Re¢ruitrnent and 8PWbllltrneDt of Dew trustees New directors are apwinied b) Ihe exisiing direciors. A seleciion and re£ruitrnent process takes place when potential board members are selected after making carefvl enquiry as to thcir suithbility and their support of the objectives of the st. The ix)ard aims have a broad range of skills represenied in particular expeni5e iTa Christian doctrine, finÉmte and Charity law. The board of directors currenily comprises of 6 members who meet qiTrarterly. Dir¢thor, Linsey Wildsmith. whilst being on staff. brings an ditiOnal level of expertise to ihe board. A ¢ore t¢am, ¢onsisting of the board of directors pl8 at least 4 othcrs, and a borough representstives team, provide input and advice into the management of the trust. Approved by order of the board of tTrteeS on 8 October 2024 and signed on its behalf by: evd P G Chamberlain- Trustee Page 3
Inde endent Examinerfs Re The Black C lln Net rt to the Truslees of Illdependellt esaminer's report ¢0 tbe trus¢¢es ofThe Blck Country Net {'the Compny,) I rewrt io the charitv trustees on Tny cxaminion of the accounts of the C¢)mpanv for the )ear ended 5 April 2024. Responsibilities aRd basis of report As the charity's trustees of the Company (and also its direct(Ks for the purSe$ of company law) you are responsibl¢ for the preparation of the accounts in accordance with the requirements of the Companie5 Ad 2006 Cthe 2006 A¢i'). Having sat15fied myself that the atcounts of ihe Company are not requtred to be audited under Part 16 of the 2006 Act and are eligible for indepcndeni examination. l T¢pon in respcci of my exaM[nlOn of your charity's accounts as carried out under Secti(Trn 145 of the Chariiie% Aa 2011 Ilh¢ 2011 Act,). In catry'"ing out my ¢xamination I have followed the Directions given by the Charity. Cotnmission utJd¢r Section 145(5) (b) of the 2011 Act. IndepeNdenl examiner's stateMet I have compleie41 my examination. l ¢onfirtTt that no matters have ¢ome io my attention in o)nnection with the examinaiion giving me cause to believe= accounting records were not kept in resm of the Company as requitEd by Section 386 of the 2006 Act. or the accouTtts do not accord with those records: or the accounts do noi comply wilh the accounting requimnents of Section 396 of ihe 2006 Act other than any rcquiretnent that the accoun giv¢ a tNe and fair view which is not a Matter consid¢red as part of an independent examination. 01 the accounts have noi been prepared in accordance *ith the methods and principles of the Statement of Recommended Prd¢¢i¢e for accollnting and reporting by chariiies (applicable to eharilies preparing their accounts in accordance with (he Finala] Retthing Standard applible in the UK and Republic of Ireland (FRS 102)). I have no concems and have COTn¢ across no other matters in connection with the examination to which attention should be draMI) in this report in order to enable a proper understsndtng of the accounts to be reached. Sally-Ann Reeves FCCA The Association of Chartered Certified Accountants S A R Accountants Tower View Broadway Road Childswickham Broadway Worcestershire WR12 7HD 8 October 2024 Page 4
The Black Coun Net Siatement of Financial ActivÈli for the Year Ended 5 A rÈl 2024 5.4.24 Total funds 5.4.23 Total funds Unrestrided fvnds Restricted funds Note5 INCOME AND ENDOWMENTS FROM DonatiOll5 and Icgacies 122.195 122.195 94,932 Charitable activities Networking and ev¢nts 8.472 8,472 2.220 Investtnent income 35 35 Total 130.702 130,702 97.152 EXPENDITURE ON Charitable activities NetWOTking and events Together Festival 65.432 78,409 65,432 78.409 59,468 70,783 Total 143.841 143,841 130.251 NET INCOMFJ(EXPENDITURE) (13,139) (13.139) (33.099) RECONCILIATION OF FUNDS Total fvnds brought forward 79.409 79,409 112,508 TOTAL FUNDS CARRIED FORWARD 66,270 66.270 79.409 The notes forn) part of these financi ststements Page 5
The Black Coun Net Ba]ance 5 A ril 2024 5.4.24 Total funds 5.4.23 Total fijnds Unrestricted fimds Restricted funds Noies CURRENT ASSETS Prepayments and accrned income Cash at bank 2.641 64.129 2,641 64.129 16,230 87,565 66,770 66.770 103,795 CREDITORS Amounts falling due within one year (51KI) (5(K)) {24,386) NET CURRF.NT ASSETS 66270 66,270 79,409 TOTAL ASSETS LESS CURRENT LIABILITIES 66,270 66,270 79,409 NET ASSETS 66270 66.270 79.409 FUNDS Unre5tri¢ted ndS 66,270 79,409 TOTAL FUIYDS 66.270 79.409 The charitable company is entitied to exemption from audii under Settion 477 of the Companie5 Act 2(M)6 for the year ended 5 April 2024. The members have not required the cornpany to obthin an audit of its financial statements for the yvdr ended 5 April 2024 in a¢cordance with Secti(trn 476 of the Companies Act 2. The ouMees acknowledge thcir responsibilitie5 for (a) ensuring that the charitable company keeps accounting re¢ords comply with Sections 386 and 387 of th¢ Cotnpanies Act 2006 and preparing fliiancial 5taletnents which give a and fair vi¢w of the slate of affairs of the ¢haritsble company &$ at the end of each financial yvar and of its surplus or deficii for each financial year in accordance th the requirements of Seciions 394 and 395 and which oiherwise comply with the requirements of the Companies A¢t 2006 rel*ing to financial staternenL% so far as applicable w the ¢harithble company. (b) These financial 5tatemenis have been pr4)ared in accordance wilh the provisions applitxble to charitsble companies subject to th¢ small ¢ompanies regime. The financial statements were approved by the Board of Tnee5 and authorised for issue on 8 October 2024 and were $ied on its behalf ty. P G Chamberlain- Trusiee The notcs forni part of these fujancial ststernents Page 6
The Black Coun Net Notes to the Financial Staiements for the Year Ended 5 A ril 2024 ACCOUNTING POLICIES Basis of preparing the finaneial 5tst¢ments The financial ststements of the charitable COTnpany. h[ch is a public benefii entity under FRS 102. have been prepared in accordance with the Charili¢s SORP IFRS 102) 'Accounting and Reportin(T by Charities.. Slaiement of Recomtnend¢d Praciice applicable io charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effeetive l January 2019),, Financial Reporting Standard 10? Tr Financial Rcwnin( 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. Income All income is recogntsed in the Ststemenl of Financial Activities once the charity entitlement the funds, it is probable that the income will be received and the aEnount can be meagured reliably. Expenditure Liabilities are r¢cognised as expendiuwe &8 soon as there is a legal or consth]ctive obligation committing the charity io that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounied for on an accruals basis and has bccn classified under headings all cosi relat¢d to the category. Where costs cannot be directly attributed to particular headitigs Ilw have allocated to activities on a basis consistent with the use of resources. Grants offered 5ubjeci to conditions which have not beeD the year end date are noted a5 a ¢ommim)eni bul not accrued as exp¢ndiwre. Taxation The charity is exempt from corporation lax Ort its charithble activities. Fund aecountlDg Unrestricted funds Can be used in acciydance wilh the charitable objectives at the discretion of the trustees. Restricted funds can only used for particular reslricied purp)s¢s withim the obje£ts of the charity. Restri¢tions arise wheTt srecified by the donor or when funds are rdised for particular $tricted purposes. Further explanation of the tMTh]re and purFx)se of each fund is included in the notes to the financial stat¢m¢nts. Penslott ¢osts and other post-retiremefjt nefIts The eharitable company opcraies a defined contribution pension scheme. Contributions payable to the Charitable companys pension %heme are charged to the Statement of Financial Activities in the period to whi¢h they relate. INVEsfMENT INCOME 5.424 5.4.23 Dep051t account interesi 35 Pag¢ 7 continued...
Th Black Coun Net Notes to the Financial Staiemen for the Year End¢d 5 A - continu TRUSTEES. REMUNERATION AND BENEFITS 5.4.24 5.4.23 Trustees, salaries Trustees, InSIonS paid 9,675 212 22,053 474 9,887 22,527 Trustee5' expeDses 5.4.24 5.4.23 Trustees, exFenses 40 STAFF COSTS The average monthly number of employees during the year was as follows: 5.424 Administration 5.4.23 No ¢mployees received eEnoluments in exc of £60.0. COMPARATIVES FOR THE STATEMETrrf OF FINANCIAL ACTIVITIES Unrestricted fimds Restricted funds Total nds INCOME AND ENDOWMENTS FROM Donations and legacies 94.932 94.932 Charitable activitie5 Nthorking and events 2,220 2,220 Total 97,152 97.152 EXPENDITURF. ON Charitsbl¢ activitiL Netw'orking and events Together F¢stival 59,468 70.78i 59,468 70,783 Total 130,251 130.251 r4ET INCOMEI{EXPENDtruRE) (33.099) {33,lJ99) RECONCILIATEON OF FUNDS Tothl funds brought foThvard 112,508 112,508 TOTAL FUNDS CARRIF.D FORWARD 79,409 79,409 Page 8 continued...
. The Black Count Net Notes lo the Financial Staiements- continued for th¢ Year Ended 5 A ri12024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 5.4.24 5.4.23 Accruals and def¢rred incoTne 500 24.386 MOVEMENT IN FUNDS Net Tnovernent in fiujds Trdnsfet5 between fimds At 5.4.24 At 6.4.23 Unrestricted fuods General fund Nexi GenerdtTOIJ Togeth¢r Festival Love Wolverhampton Love Dudley ve Sandwell Love Walsall Chapel premises Gender ConfLYence Ment21 Hvalth Rerreats 13,897 21210 (2,564) 80 5,100 15,063 20.855 4,0?7 (9,813) 3.095 (885) (40) 212 857 (3.973) (2,160) (6(Ml) 3,484 24,305 4,176 40 4.312 13,920 12,857 1.867 991 218 100 7.6?5 {i.000) (2,000) {4.025) 750 {532) 79.409 (13,139) 66,270 TOTAL FUNDS 79,409 (li,139} 66270 Net movement in fund& included in the above ar¢ as follows: Incoming resources Resource5 expended Movement in fund5 Unrestricted fund5 General fi]nd Next Generdtion Together Festival Love Wolverhampton Love Dudley Love Sandwell Love Walsall Chapel premist3 Mental Health Retreats 39.085 3.095 73,466 (48,898) 19.813) 3,095 (885) (40) 212 857 (3,973) (2.160) (532) 100 {74,351) (40} (1.522) (283} (8.973) (2.160) (2,0791 (5.535) 1,734 1.140 1.547 5.6)5 130.702 (143,841) (13.139) TOTAL FUNDS 130,702 (143.841) (13.139) Page 9 continued...
The Black Count N¢t Notes io th ancial Statements- continued for the Year Ended 5 A ril 2024 MOVEMENT IN FUNDS-continued CompArative5 for movement In IndS Net movement in funds Transfers At 5.4.23 At 6.4.22 funds Unre5tricled funds General nd Next Cjeneration Together Fesiival Love Wolverhampton Love Dudley Love Sandwell Love Walsall Chapel premise5 Gender Conference Mentsl Health 25.102 I9.5 24288 40 4,362 14,915 18,878 4,027 (9,336) 1.305 (30.556) (60) 673 1,148 2,977 (1.869) 13,897 21,210 (2.564) 80 5.100 15,063 20.855 4,027 991 750 3.704 100 65 (1,000) (1.000) 750 112.508 (33,099) 79,409 TOTAL FUNDS 112,508 (33,099) 79,409 Comparative net movement in funds, included in the above as follows: Ineoming resources Resou¢5 ¢xpended Movem¢nt in ndS Unrestricted funds General fund Next Generarion Togeiher Festival Love Wolverhampton Love Dudley Love Sandwell Love Walsall Mental Health 44,840 1,405 40.227 (54.176) (1001 (70.783) (60) (8171 (292) (4.02)) (9,3361 1,305 (30,556) {60) 673 1,148 2,977 750 1.490 1.440 7,000 750 97.152 (130.251) {33,099) TOTAL FUNDS 97.152 {130.251J (33,099) Page 10 continued...
- The Black Cou Net Notes to the Financial Siatements- continued for the Year Ended 5 A ri12024 RELATED PARTY DISCLOSURES Ther¢ were no related party transactions for th¢ yrar ended 5 April 2024. Pagell
The Black Co Nei Detailed Statement of Trin ncial Activities f r the Year Ended 5 A ril 2 24 5.424 5.4.23 INCOME AND ENtK>WMENTS Donations and legacie5 Donations Gift aid 114,574 7.621 87,137 7,795 122.195 94.932 lrtvestment ineorne Deposit account interest 35 Charitable aetivities Breakfas¢ meeting5 Retreats Other receipts 780 1,440 5,442 3.030 8.472 2220 Totsl incoming resources 130,702 97,152 EXPENDITURE Chgritable activities Trustees, salari¢s Trustees, pension5 paid Trustees, expeDS¢S IT Support Insuran¢e . Adv¢rtising & marketing Events Retreats Self Employed WorkeT5 Equipment Consultancy fees Next Gen¢ration Champions Breakfast meeting costs Gifts incl. VLSlting speakers 9.675 212 22.053 474 40 1,402 1,086 692 72,488 1,098 884 1,080 1,087 1.241 79.582 4,630 7,207 2.160 24.000 4,855 20.000 3.503 134 1,824 3,555 139284 125,678 Support Costs Management MembeTship and subs¢ripiions 1,294 791 Finance Bank charges 365 400 Informatioll tethnology Software and web hosiing 559 24 This page does not foTm part of the statutory financia] Statements Page 12
TheBI kcou Net Detsiled Staiemcnt of Financial Activities for e Year Ended 5 A ri12024 5.4.24 5.4.23 Information technology Governance costs Accountancy and l¢gal fees 2,339 3,358 Total resources expended 143,841 130,251 Net expenditure (13,1391 (33.099) This pag¢ does not forni part of the starutory financial ststements Page 13