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2022-03-31-accounts

Charity Registration Number: 1143842 Company Registration Number: 04382420 (England and Wales)

SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED

CONTENTS

Page
Legal and administrative information 2
Trustees’ Report 3 to 8
Independent examiners report 9
Statement of financial activities 10
Balance sheet 11
Consolidated cash flow statement 12
Notes to the consolidated cash flow statement 13
Notes to the financial statements 14 to 23

1

SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED

LEGAL AND ADMINSTRATIVE INFORMATION

Trustees

D Lane (Chair of Trustees) M Dunsford J B Miles (resigned January 2022) G Sima A Reid E Gayle (resigned March 2022) L Killeen

Company Secretary

R Goodwin

Registered Office

Spitfire House Castle Vale Community Campus 10 High Street Castle Vale Birmingham B35 7PR

Charity number: 1143842

Company number: 04382420 (registered in England and Wales)

Independent Examiner

BVSC Accountancy Services First Floor Livery Place 35 Livery Street Birmingham B3 2PB

2

SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED 31 MARCH 2022

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report and unaudited financial statements of the charity for the year ending 31 March 2022.

Trustees

The Trustees, who are also the directors for the purposes of company law, and who served during the year and up to the date of signature of the unaudited financial statements were:

D Lane (Chair of Trustees) M Dunsford J B Miles (resigned January 2022) G Sima A Reid E Gayle (resigned March 2022) L Killeen

None of the directors has any beneficial interest in the company. All the Trustees are members of the company and guarantee to contribute £1 in the event of winding up.

Governing document

The company is controlled by its governing document, a deed of Trust, and constitutes a limited company, limit by guarantee as defined under the Companies Act 20026.

Organisational structure

The Charity is governed by its Trustees supported by a secretary.

Risk management

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Objectives and activities

Achievements and performance

The last 12 months have been about recovery and resilience at Spitfire Services; the impact of COVID19 was present for the whole year, so we continued to deliver an emergency response to the changing needs developing in the community. Additionally, we have continued to innovate improving our services and our reach to the most vulnerable

3

SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED 31 MARCH 2022

With the ongoing pressure of COVID-19 we continued our operating model enabling employees where to work at home, where this was practical, to minimise the risk of infection. By and large we were successful in developing services which promoted recovery and supported the resilience of communities and we kept to our plans of ensuring financial resilience. All of this would not have been possible without the commitment, determination and hard work of our dedicated employees and volunteers, who over the last few years have gone over and above to do what matters most, putting people first.

We were the first organisation in Birmingham to run a Community Library on behalf of Birmingham City Council and is good to be able to note here that the venture has now been delivering a range of library services for the community for well over 6 years.

Reaching New Communities

In addition to the work, we do in Castle Vale we are now a city-wide organisation working in communities including:

Money Advice Services

Our advice services provide a lifeline to the most excluded communities who, for many reasons, simply do not have ready access to these services, the pandemic has only magnified these issues and the challenges many families have faced in the last 12 months.

Supporting People in Crisis

Through our Crisis Fund, we are able to help change lives and contribute to the remove the real barriers that people face on a daily basis; barriers arise for many reasons and some lead to families living in poverty. Through contact with us over a crisis we are often able to stage early interventions and referrals to deal with other concerns the client may have. The communities in which we work experience multi deprivation; we aim to do our best to address the often complex issues this presents. We strive to help families to become resourceful, strong, and sustainable.

All the work that we do would not be possible without the Board of Trustees (all volunteer members) and the Senior Management Team at Spitfire Services, who work tirelessly to make a difference, change lives and transform communities.

4

SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED 31 MARCH 2022

Community Services (Upcycle and Castle Pool)

Upcycle

In the past eight years Upcycle Birmingham CIC has become a firm fixture in Castle Vale – now accepting 180 tonnes of stock each year and selling quality items to hundreds of households. The more central location of its new showroom at St Gerard’s Church Centre is enabling us to reach more people.

The central location of the Church Centre and the utilities already onsite created the perfect opportunity for us to expand our growing family of enterprises even further. We have been proud to open the Meeting Place Café this year, creating jobs and training opportunities in hospitality. The café has quickly become a place to meet and socialise over a cup of tea.

Castle Pool

Inaugurated by the late Queen Elizabeth II in November 1981, Castle Pool has been a health and leisure haven for people living in or near Castle Vale for 40 years – used regularly by residents, schools, and swimming clubs. Previously run by Birmingham City Council, Castle Pool was operating at a phenomenal annual loss of £250,000 but, following the asset transfer in 2014 and its later linking with Spitfire Services, the pool has made small surpluses in the subsequent years.

Our core areas of Services and Delivery

The overarching vision for the whole organisation is that we develop a family of sustainable enterprises alongside our charitable activity that transforms lives and removes longstanding barriers and stigmatisms many people face.

ADVICE ENTERPRISE COMMUNITIES

Our Vision is:

5

SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED 31 MARCH 2022

The vision and values of Upcycle Birmingham CIC identified by key stakeholders include:

Achievements - During the last 12 months we have : -

helped 8000 people who were in financial crisis

given 486 people in depth casework support

released £2,215,000 income into communities

delivered 7500 food parcels

supported 350 families to start new homes

supported 320 people in crisis

3500 adults accessed Castle Pool

6

SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED 31 MARCH 2022

Volunteering at the Heart our Work.

Crucial to our post Covid-19 response has been building resilience in people and volunteering sits at the heart of this. Spitfire Services currently supports 50 volunteers across the organisation. Additionally, we have worked with several new groups and organisations and have provided other support, including putting in place their volunteer policies, safeguarding protocols and offer a local hub for coordinating DBS checks for volunteers and local social enterprises.

Financial review

Our Board of Trustees and Senior Management Team meet regularly to review all finances both at the Finance Sub Group, the Boards of our Social Enterprises and the main Spitfire Services Board. Detailed accounts are presented to the main Spitfire Board for scrutiny and to ensure we are on target to achieve the budgets set each year. We study trends and plan each financial year accordingly, depending on the climate we find ourselves in. Moving into the new financial year the ongoing impact of COVID-19 cannot be underestimated. We will seek to obtain any government financial help available to us and work with our funders so that we can continue to deliver our services in the most cost-effective way we can.

Principal funding sources

The organisation has three core sources of funding as follows:

Enterprise Activity - this comprises of income from both Upcycle Birmingham CIC and Castle Pool Community Partnership

Funding Contracts- This is made up of secured contracts to deliver specific services including Pioneer Group to deliver Money Advice to their tenants and the LEAS Birmingham City Council Contract to deliver Debt & Benefit Advice.

Grants and Trust funds from the National Lottery Reaching Communities and a number of trust funds who have generously supported us this year. These include the Roughley Trust, the Cole Trust, the Saintbury Trust and the 29[th] May 1964 Trust to name a few. Their generous support has enabled us to stage interventions that have supported many families in crisis.

Reserves policy

The Trustees consider that, in the sectors current uncertain economic climate, Spitfire Services should continue to operate financial diligence and work towards building up an unrestricted reserve of monies. To this end we aim is to work towards a target of 3 months operating costs as unrestricted reserves.

7

SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED 31 MARCH 2022

Statement of Trustees responsibilities

The Trustees (who are also directors for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and the United Kingdom Generally Accepted Accounting Practice.

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. This includes the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to: -

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees Report was approved by the Board of Trustees and signed on its behalf by:

D Lane Chair of Trustees

3 November 2022

8

SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED

INDEPENDENT EXAMINERS REPORT

TO THE TRUSTEES OF SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED

I report to the trustees on my examination of the consolidated financial statements of Spitfire Advice and Support Services Limited for the year ending 31 March 2022.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for an independent examination. I report in respect of the examination of the charity’s financial statements carried out under section 144 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011Act.

Independent Examiner’s Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).;

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Paul Bowater ACA BVSC Accountancy Services First Floor Livery Place 35 Livery Street Birmingham B3 2PB

3 November 2022

9

SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

YEAR ENDED 31 MARCH 2022

Note
Income from;
Donations and legacies
3
Charitable activities
4
Other trading income
5
Total income
Expenditure on;
Charitable activities
Other
Corporation tax
Total resources expended
Net income/(expenditure) for
the year/Net movement in
funds
Opening fund balances
Closing fund balances		 Unrestricted
funds
2022
£
355,378
65,327
232,551
653,256
637,449
278
8
637,735
15,521
137,317
152,838		 Restricted
funds
2022
£
76,675
-
-
76,675
76,675
-
-
76,675
-
-
-		 Total
2022
£
432,053
65,327
232,551
729,931
714,124
278
8
714,410
15,521
137,317
152,838		 Total
2021
£
679,571
200
79,017
758,788
621,180
395
-
621,575
137,213
104
137,317

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

10

SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED

BALANCE SHEETS AS AT 31 MARCH 2022

Note
Fixed assets
Tangible assets
10
Investments
11
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling
due with one year
14
Net current assets
Total assets less current
liabilities
Creditors: amounts falling
due after more than one year
15
Net (liabilities)/assets
Income funds
Restricted funds
16
Unrestricted funds		 Group
2022
£
19,656
-
19,656
47,875
188,405
236,280
(77,232)
159,048
178,704
(25,866)
152,838
-
152,838
152,838		 Group
2021
£
23,520
-
23,520
107,100
131,374
238,474
(92,354)
146,120
169,640
(32,323)
137,317
-
137,317
137,317		 Charity
2022
£
10,457
4
10,461
41,797
100,552
142,349
(36,843)
106,506
105,506
-
115,967
-
115,967
115,967		 Charity
2021
£
14,821
4
14,825
73,829
90,649
164,478
(66,593)
97,885
112,710
(1,990)
110,720
-
110,720
110,720

For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of the financial statements for the year ending 31 March 2022 in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies’ subject to the small companies’ regime.

The financial statements were approved by the Board of Trustees on 3 November 2022, and signed on behalf of the board by:

D Lane Chair of Trustees

11

SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED

CONSOLIDATED CASH FLOW STATEMENT YEAR ENDED 31 MARCH 2022

Note
Cash flow from operating activities
Net cash provided by (used in) operating
activities
1
Cash flow from investing activities
Purchase of tangible fixed assets
Proceeds from sale of tangible fixed assets
Net cash used in investing activities
Cash flow from financing activities
Proceeds from new loans
Loan repayments
Interest paid
Net cash provided by/(used in) financing
activities
Change in cash and cash equivalents during
the year
Cash and cash equivalents at start of year
2
Cash and cash equivalents at end of year
2		 2022
£
102,239
(13,643)
-
(13,643)
-
(29,037))
(2,528)
(31,565)
57,031
131,374
188,405		 2021
£
139,476
(13,199)
500
(12,699)
35,000
(27,521)
(3,691)
3,788
130,565
809
131,374

12

SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED

NOTES TO THE CONSOLIDATED CASHFLOW STATEMENT YEAR ENDED 31 MARCH 2022

1. Reconciliation of net income/(expenditure) to net cash flow from operating activities

Net income/(expenditure) for the year
Adjustments for:
Depreciation
Profit on sale on tangible fixed assets
Corporation tax
Interest paid
Decrease/(Increase) in debtors
Increase/(Decrease) in creditors
Net cash provided by (used in) operating
activities
2. Analysis of cash and cash equivalents
Cash in hand
Notice deposits (less than 3 months)
Overdrafts included in bank loans and overdrafts
falling due within one year
Total cash and cash equivalents		 2022
£
15,521
17,507
-
8
2,528
59,225
7,450
102,239
2022
£
188,405
-
-
188,405		 2021
£
137,213
14,097
(500)
-
3,691
1,455
(16,480)
139,476
2021
£
221
131,153
-
131,374

13

SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

1. Accounting Policies

Accounting convention

The accounts have been prepared in accordance with the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a “Public Benefit Entity as defined by FRS 102.

These financial statements consolidate the results of the charitable company, its trading subsidiary, Upcycle Birmingham CIC and a connected charity, Castle Pool Community Partnership, on a line by line basis. Transactions and balances between the charitable company and its subsidiaries have been eliminated from the consolidated financial statements. Balances between the charitable company and its two subsidiaries are shown in the notes to the charity’s balance sheet. A separate statement of financial activities, or Income and Expenditure account, for the charitable company itself is not presented because the charitable company has taken advantage of the exemptions afforded by Section 408 of the Companies Act 20026.

The financial statements are prepared in sterling, which is the functional currency of the charity.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Incoming resources

These are included in the Statement of Financial Activities (SOFA) when:

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.

14

SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

1. Accounting Policies (continued)

Charitable income includes sponsorship of the annual conference and contributions towards the charity’s objectives.

Resources expended

Charitable activities include all costs relating to the conference, newsletters and general administration, which support the charitable purpose.

Grants offered subject to conditions, which have not been met at the year-end date are noted as a commitment, but not accrued as expenditure.

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings that have been allocated to activities on a basis consistent with the use of the resources.

Incoming resources with related expenditure

When incoming resources have related expenditure (as with fundraising or contract income) both are reported gross in the SOFA.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values their useful lives on the following bases:

Fixtures and fittings – 4 and 5 years Computers – straight line over 4 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in net income/(expenditure) for the year.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with bankers, other shortterm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The charity has elected to apply the provisions of Section 11 “Basic Financial Instruments” and Section 12 “Other Financial Issues” of FRS 102 to all of its financial instruments.

15

SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

1. Accounting Policies (continued)

Financial instruments are recognised in the charity’s balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the assets and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price, including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market value of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

De-recognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

Pensions

The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund for the year.

Hire purchase and leasing commitments

Rentals paid under operating income are charged to the Statement of Financial Activities on a straight-line basis over the period of the lease.

2. Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

16

SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

3. Donations and legacies

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Money Advice - Pioneer Group
Reaching Communities Fund
Crisis Fund - Pioneer Group
Community Hub Funding Donation
UK National Agency
Birmingham City Council
HS2 Funding
BCC rates refund
BCC National Leisure Recovery
Fund
Sports England Covid 19 Recovery Fund
Power to Change
BCC Retail Hospitality & Leisure
grant
Big Lottery
CYP Early Help
Criminal Justice
Welsh House Farm
Erdington Neighbourhood Network Scheme
Charities Aid Foundation
ESC Lottery Fund
BCC Leisure facility Local
Restrictions Restart Grant
Access Research Fund
Moto in the Community Fund
Birmingham City Council - Delivery
of IAG Advice Service Strategy
Pioneer Housing and Community Group
Community Justice Fund
Social Enterprise Support Fund
Analysis by fund
Unrestricted funds
Restricted funds		 Unrestricted
reserves
53,033
-
-
-
-
-
`120,500
-
5,873
-
-
-
-
-
-
-
8,500
-
-
13,100
18,000
9,780
260
25,750
50,582
30,000
20,000
355,378		 Restricted
reserves
-
-
-
--
-
-
-
-
-
-
-
-
-
76,675
-
-
-
-
-
-
-
-
-
-
-
-
-
-
76,675		 2022
£
53,033
-
-
-
-
-
120,500
-
5,873
-
-
-
-
76,675
-
-
8,500
-
-
13,100
18,000
9,780
260
25,750
50,582
30,000
20,000
432,053
355,378
76,675
432,053		 2021
£
33,893
29,131
74,812
8,000
12,000
23,106
147,500
52,107
60,169
27,628
9,080
5,000
5,000
118,995
5,000
25,000
7,650
5,000
30,500
-
-
-
-
-
-
-
-
679,571
485,764
193,807
679,571

17

SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS053 YEAR ENDED 31 MARCH 2022

4. Income from charitable activities

Room hire
Other fees
Total for the year
Analysis by fund
Unrestricted funds
Restricted funds
5. Other income
Fundraising events
Fees
Total for the year
Analysis by fund
Unrestricted funds
Restricted funds
6. Expenditure on charitable activities
Direct costs
Support costs
Analysis by fund
Unrestricted funds
Restricted funds		 2022
£
22,152
43,175
65,327
65,327
-
65,327
2022
£
2,375
230,176
232,551
232,551
-
232,551
2022
£
706,454
7,670
714,124
637,449
76,675
714,124		 2021
£
(480)
680
200
200
-
200
2021
£
-
79,017
79,017
79,017
-
79,017
2021
£
609,711
11,469
621,180
427,373
193,807
621,180

18

SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

7. Support costs

Management Finance Support Total Total
2022 2022 2022 2022 2021
£ £ £ £ £
Charitable activities 90 4,346 3,234 7,670 11,469

8. Trustees

Trustees salaries
Trustees Social security costs		 2022
£
11,639
487
12,126		 2021
£
12,697
540
13,237

All Trustees hold voluntary positions and are not paid a salary in their capacity as a Trustee.

None of the trustees (or any persons connected with them) received any expenses from the charity during the year (2021 - £nil).

9. Employees

Wages and salaries
Social security costs
Other pensions costs		 2022
£
359,213
25,524
6,572
391,910		 2021
£
323,424
29,985
10,519
363,928

The average number of employees during the year was 23 (2021 – 22). No employee received emoluments in excess of £60,000.

19

SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

10. Tangible fixed assets

Group
Cost
At 1 April 2021
Additions
Disposals
At 31 March 2022
Depreciation
and impairment
At 1 April 2021
Charge for the
year
Disposals
At 31 March 2022
Carrying amount
At 31 March 2022
At 31 March 2021
Charity
Cost
At 1 April 2021
Additions
Disposals
At 31 March 2022
Depreciation
and impairment
At 1 April 2021
Charge for the
year
Disposals
At 31 March 2022
Carrying amount
At 31 March 2022
At 31 March 2021		 Fixtures
and
fittings
£
43,088
10,317
-
53,405
28,717
13,350
-
42,067
11,338
14,371
Fixtures
and
fittings
£
14,134
-
--
14,134
8,463
3,533
-
11,996
2,138
5,671		 Motor
vehicles
£
-
-
-
-
-
-
-
-
-
-
Motor
vehicles
£
-
-
-
-
-
-
-		 Computer
equipment
£
13,303
3,326
-
16,629
4,154
4,157
-
8,311
8,318
9,149
Computer
equipment
£
13,303
3,326
-
16,629
4,153
4,157
-
8,310
8,319
9,150		 Total
£
56,391
13,643
-
70,034
32,871
17,507
-
50,378
19,656
23,520
Total
£
27,437
3,326
-
30,763
12,616
7,690
-
20,306
10,457
14,821

20

SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

12. Investments - charity only

Investment in subsidiary undertakings
Cost and carrying value		 2022
2021
£
£
4
4

The charity is the beneficial owner of the entire issued share capital of Upcycle Birmingham CIC, a company registered in England and Wales.

13. Financial instruments

Carrying amount of financial
assets
Debt instruments measured at
amortised cost
Carrying value of financial
liabilities
Measured on amortised costs
Debtors
Amounts falling due within one
year
Trade debtors
Amounts due from group
undertakings
Prepayments and accrued income		 Group
2022
£
-
-
Group
2022
£
44,270
-
3,605
47,875		 Group
2021
£
-
-
Group
2021
£
104,765
-
2,335
107,100		 Charity
2022
£
-
-
Charity
2022
£
32,430
7,000
2,367
41,797		 Charity
2021
£
-
-
Charity
2021
£
58,165
13,593
2,081
78,829

14. Debtors

21

SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

15. Creditors: amounts falling due within one year

CAF Investment Fund loan
Bounce Back loan
Trade creditors
Social security and other taxes
Pensions
Corporation tax
Other creditors
Accruals and deferred income
-		 Group
2022
£
17,147
4,467
11,828
7,345
1,421
8
45
60,624		 Group
2021
£
39,527
4,667
19,961
7,841
1,491
-
-
18,867
92,354		 Charity
2022
£
17,147
-
6,126
7,121
1,317
-
45
5,087
36,843		 Charity
2021
£
39,527
-
10,053
7,477
1,208
-
-
8,148
66,593

16. Creditors: amounts falling due after more than one year

CAF Investment Fund
Bounce Back loan		 Group
2022
£
-
25,866
25,866		 Group
2021
£
1,990
30,333
32,323		 Charity
2022
£
-
-
-		 Charity
2021
£
1,990
-
1,990

17. Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Group
Big Lottery- Covid 19
Resilience Funding
Reaching Communities Fund		 Balance at
1April 2021
£
-
-
-
-		 Movement
in funds
Incoming
resources
£
76,675
-
-
76,675		 Resources
expended
£
76,675
-
-
76,675		 Balance
at 31
March
2022
£
-
-
-

22

SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

Charity
Big Lottery- Covid 19
Resilience Funding
Reaching Communities Fund		 Balance at
1April 2021
£
-
-
-
-		 Movement
in funds
Incoming
resources
£
76,675
-
-
76,675		 Resources
expended
£
76,675
-
-
76,675		 Balance
at 31
March
2022
£
-
-
-

18. Analysis of net assets between funds

Fund balances at 31 March 2022 and 31 March 2021 are represented by current assets/ (liabilities).

19. Related party transaction

There were no disclosable related party transactions during the year (2021 – none).

23