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 2024
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED CONTENTS Page Legal and administrative information Trustees, Report 3to8 Independent examiners report Statement of financial activities 10 Balance sheet Consolidated cash flow statement 12 Notes to the consolidated cash flow slatement 13 Notes to the financial statements 14to23 LEGAL AND ADMINSTRATIVE INFORMATION
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED Trustoes D Lane (Chair of Trustees) M Dunsford G Sima A Reid L Killeen Company Secretary R Goodwin Reglstered Office Spiffire House Castle Vale Community Campus 10 High Streel Castle Vale Birmingham B35 7PR Charity number: 1143842 Company number: 04382420 {regislered in England and Wales) Independent Examiner Andy Hopkins BVSC Accountancy Services Latham House 33-34 Paradise Street Birmingham B12AJ
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED 31 MARCH 2024 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 2024. Trustees The Trustees, who are also the directors for the purposes of company law, and who served during the year and up io the date of signature of the unaudited financial statements were.. D Lane (Chair of Trustees) M Dunsford G Sima A Reid 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. Governlng document The company is controlled by ils 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 ils Trustees supported by a secretary. Rlsk management The Trustees have a duty to identify and review the risk5 to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and 8rror. Objectives and activities Achievements and performance The last 12 months have been about resilience at Spitfire Services,. the impact of the Cosl-of-living Crisis was present for the whole year, so we continued to deliver an emergency response. 11 was delivered in a very different way lo the changing needs developing in the community, which plunged many people into a different type of crisis. Additionally, we have continued to improve our services and our reach lo the most vulnerable people.
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED 31 MARCH 2024 The Cost-of-living Crisis and the spike in utility costs, was not only felt by the comfflunities we worked with, but also the organisation itself, with significant pressure being pul on Castle Pool as the energy cost more Ihan doubled. By and large we were successful in developing services which supported the resilience of communities during the Cost of living Crisis and 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 supported by the trustees. who overlhe last f8w years have gone over and above to do what matters most, putting people first. Whilst we were the first organisation in Birmingham to run a Communlty Llbrary on behalf of Birmingham City Council and it is good to be able lo note here that we have also transformed the facility into more than a library it 15 now a Warm Space, which is central to our response to the cost of living crisis. Reaching New Communities In addition to the work, we do in Castle Vale we are now a city-wide organisalion working in communities including.. Shard End Kingslanding Stockland Green Erdington Falcon Lodge Ward End and Washwood Heath Money Advlce Servlces 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 cost-of-living Crisis has continued to magnify these issues and the challenges many families have faced in the last 12 months. Supportlng People In Crisis Through our Crisis Fund, we can help change lives and contribute to remove the real barriers that people face daily,. 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 thal we do would not be possible without the Board of Trustees (all volunteer members) and the Senior Management Team al Spitfire Services, who work tirelessly to make a difference, change lives and transform communities. TRUSTEES REPORT {INCLUDING DIRECTORS REPORT) YEAR ENDED 31 MARCH 2024
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED Communit Services cle and Castle Pool Upcycle In the past nine years Upcycle Birmingham CIC has become a firm fixture in Castle Vale- now accepting 200 tonnes of stock each year and selling quality items to hundreds of households. The more central location of its new showroom at Sl Gerard's Church Centre is enabling us to reach more people. The central location of the Church Centre and the utilities already onsite crealed the perfect opportunity for us to expand our growing family of enterprises even further. The Meeting Place Café goes from strength to strength, creating jobs and training opportunities in hospitality. The last 12 months has seen us strengthen the staff team al the café and open for additional to engage with more residents. Castle Pool Inaugurated by the latè Queen Elizabeth11 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. Following the asset transfer in 2014, the the Cosl-of-Living Crisis has had a adverse impact on the pool due to the hike of energy prices we have doubled down our efforts to ensure ils long term sustainability. Our core areas of Services and Delivery The overarching vision for the whole organisalion 15 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: To contribute to the reduction in social exclusion in Castle Vale and the wider community. To aclively promote volunteering and citizenship among all groups To actively promote sustainable development within groups and organisations To represent residents wlhin our local communities on a wide range of issues and to advocate on their behalf To encourage self-advocacy among groups and individuals To actively encourage and support the development of new and existing community groups To support a broad range of issues that protects people's basic human rights To encourage strength and resilience among the communities in which we work TRUSTEES REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED 31 MARCH 2024
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED The vision and values of Upcycle Birmingham CIC identified by key stakeholders include: To be elhical and honest To be socially responsible To provide reinvestment of surplus income into Castle Vale To be customer focused To build the ski115 and capacity of volunteers To provide affordable goods giving buyers value for money To educale and empower local people to make belter financial choices To provide a choice of quality good5 To promote a positive change in local attitudes and behaviours To provide a reliable service Achievements - Durlng the last 12 months we have.. . Helped 10,000 people who were in financial crisis Given 486 people In depth casework support Released £2, 500 Income Into communltles Dellvered 8000 food parcels Supported 400 families to start new homes rocoveiy Supported 400 people In crlsis 3500 adults accessed Castle Pool TRUSTEES REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED 31 MARCH 2024 Volunteering at the Heart our Work. Crucial lo our Cost-of-Living response, has been building resilience in people, and volunteering sits at the heart of this. Spitfire Services currently supports more than 50 volunteers across the organisation.
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED 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 Boards of our Social Enterprises and the main Spitfire SeNices 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 Irends and plan each financial year, accordingly, depending on the climate we find ourselves in. Moving into the new financial year the ongoing impact of the Cost-of- Living Crisis 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 lo deliver our services and develop new ones in the most cost-effective way we can. Prlncipal 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 contracls to deliver specific seNices including Pioneer Group lo deliver Money Advice to their tenants and the LEAS Birmingham City Council Contract to deliver Debt & Benefit Advice. Grants and Twst funds from the National Lottery Reaching Communities and several trust funds who have generously supported us this year. These include the Roughley Trust, the Cole Trust, the Sainlbury Trust and the 291h ol May 1964 Trust lo name a few. Their generous support has enabled us lo stage interventions that have supported many families in crisis. Resgrves pollcy The Trustees consider that, in the sectors current uncertain economic climate, Spitfir8 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 reseNes.
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS REPORT) YEAR ENDED 31 MARCH 2024 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 stalemenls, the trustees are required to.. select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charity SORP. make judgements and eslimales that are reasonable and prudent. stale whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial slatemenls. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The Trustees are responsible for keeping proper accounling 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 Trustee's Report was approved by the Board of Trustees and signed on its behalf by.. Lane Chair of Trustees November 2024
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 slatements of Spitfire Advice and Support Services Limited for the year ending 31 March 2024. Responsibilities and basls of report As the trustees of the charity land also its directors for the purposes of company lawl 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 bo 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 14515)(bl 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 lo believe that in any material respect., accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act: or the financial statements do not accord with those records. or 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 the financial statements have not been prepared in accordance with the methods and principles of the Slalement 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. Iicf Jasbir Rai ACMA B VSC Accountancy Services Latham House 33-34 Paradise Street Birmingham
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED BI 2Ai STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2024 Rèstrlcte Not Unrestricte d funds funds Total Total 2024 2024 2024 2023 Income from. Donations and legacies Charitable activities Other trading income 471,088 34,984 269,001 111,383 582,471 34,984 269,001 484,141 33,074 268,875 Total Income 775,074 111,383 886 457 786 089 enditure on. Charitable activities Other Corporation tax 789,033 111,383 900,416 777,559 286 694 804 804 Total resources expended 789,837 111383 901220 778 539 Net Incomel{expenditure) for the yearlNet movement in funds 114,7641 (14,764) 7,550 Openlng fund balances 160,388 160,388 152,838 Closln fund balances 145,624 145,624 160,388 The statement of financial activities also complies with Ihe requirements for an income and expenditure account under the Companies Act 2006. io
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED BALANCE SHEETS AS AT 31 MARCH 2024 Not Group 2024 Group 2023 Charlty 2024 Charity 2023 Flxed assets Tangible assels Investments 10 10,292 14,877 7.353 9,719 10,292 14,877 7,357 9,723 Current assets Debtors Cash at bank and in hand 13 74,652 230,040 304,692 63,808 156,332 220,140 67.171 180,491 247,662 42,371 123,059 165,429 Credltors: amounts falllng due wlth one year 14 (150,19 8) 155,762 (95,406 (25,058 Net current assets 154,495 164,378 152,256 140,371 Total assets less current Ilabilities 164,787 179,255 159,613 150,094 Credltors: amounts falling due after more than one year 15 (19,162 118,866 Net (Ilabilities)lassets 145,624 160,388 159,613 150,094 Incoma funds Restricted funds Unrestricted funds 16 145,624 160,388 159,613 150,094 145,624 160,388 159,613 150,094 For the year ending 31 March 2024 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 slalements for the year ending 31 March 2024 in accordance with section 476 of the Companies Act 2006. li
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED The trustees acknowledge their responsibilities for complying of the Acl with Spect to accounling records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies, subject lo the small companies, regime. The financial statements were approved by the Board of Trustees on 22nd November 2024, and signed on behalf of the board by.. D Lane Chair of Trustees 12
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED CONSOLIDATED CASH FLOW STATEMENT YEAR ENDED 31 MARCH 2024 Note 2024 2023 Cash flow from operating activitles Net cash provlded by (used in) operating activities 79,643 583 Cash flow from Investing a¢tlvltles Purchase of tangible fixed assets Proceeds from sale of tangible fixed assets (5,344} (7,4091 Net cash used In Investing activities Cash flow from flnanclng activities Proceeds from new loans Loan repayments Interest paid (24,147} {1,1001 (5901 Net cash provided byl(used In) financlng activltles 590 Change In cash and cash equlvalents durlng the year {73,7081 132.0731 Cash and cash equlvalents at start of year 156,332 188.405 Cash and cash equivalents at end of year 230,040 156,332 13
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED NOTES TO THE CONSOLIDATED CASHFLOW STATEMENT YEAR ENDED 31 MARCH 2024 1. Reconclliatlon of net Incomel(expenditure) to net cash flow from operating activlties 2024 2023 Net incomel{expenditurel for the year Adjustments for: Depreciation Profit on sale on tangible fixed assets Corporation lax Interest paid Decreaselllncrease) in debtors Increasel(Decreasel in creditors {14,764) 7,550 9,929 12,188 804 590 (10,844) 93,928 694 1,100 (15,939) 15,0101 Net cash provlded by lused In) operatlng activities 583 2. Analysls of cash and cash equlvalents 2024 2023 Cash in hand Notice deposits (less than 3 months) Overdrafts included in bank loans and overdrafts falling due within one year 230.040 156,332 Total cash and cash equlvalents 230,040 156,332 14
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 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 ISORP) applicable in the UK and Republic of Ireland {FRS 1021" (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 consolidale 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 belmeen the charitsble company and its subsidiaries have been eliminated from the consolidated financial stalemenls. Balances between the charitable company and ils two subsidiaries are shown in the noles to the charity's balance sheet. A separate statement of financial aclivilies, or Income and Expenditure account, for the charitable company itself is not presented because the charitable company has taken advantage of the exempiions afforded by Section 408 of the Companies Act 2006. The financial statements are prepared in sterling, which is the functional currency of the charity. The financial statements have been prepared under the historical cosl convention. The principal accounting policies adopted are s8t out below. Golng concern At the lime of approving the financial slalements, 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 concem basis of accounting in preparing the financial statements. Charltable 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 lo 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 slatemenls. Incoming resources These are included in the Statement of Financial Activities {SOFA} when.. The charity becomes legally entitled to the resources after any performance conditions have been met,. The trustees are virtually certain that they will receive the resourc8s,' and The monetary value can be measured with sufficient reliability. Cash donations are recognised on receipt. Other donations are recognised once the charity ha5 been notified of the donation unless performance conditions require deferral of the amount. 15
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 1. Accountlng Policles (continued) Charitable income includes sponsorship of the annual conference and contributions towards the charity's objectives. Resources expended. Charitable activities include all costs relating lo the conference, newsletter5, and general administration, which support the charitable purpose. Grants offered subject lo 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 relaled 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, Incomlng resources wlth related expendituro When incoming sOurceS have related expenditure {as with fundraising or contract income) both are reported gross in the SOFA. Tanglble fixed assets Tangible fixed assets are initially measured at cost and subsequently measured al cost or valuation, nel 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 fillings - 4 and 5 years Compulers- straight line over 4 years The gain or loss arising on the disposal of an asset is delemiined as the difference between the sale proceeds and the carrying value of the asset and is recognised in net incomellexpenditure) for the year. Cash and cash •quivalents Cash and cash equivalents include cash in hand, deposits held at call with bankers, other short- term liquid investments with original maturities of three months or less, and bank overdrafls. Bank overdrafts are shown within borrowings in current liabilities. Financial instruments The charity has elected lo apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Issues" of FRS 102 to all of its financial instruments. 16
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 1. Accounting Policles (contlnued) Financial instruments are recognised in the Charity's balance sheet when the charity becomes party to the contractual provisions of the instwment. 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 nel basis or to realise the assets and settle the liability simultaneously. Baslc financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured al transaction price, including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement conslilutes a financing transaction. where the transaction is measured at the present value of the future receipts discounted al a market value of interest. Financial assets classified as receivable within one year are not amortised. Baslc financlal Ilabllltias Basic financial liabilities, including creditor5 and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured al 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-recognltlon of flnanclal Ilabllltles Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. Pensions The charity operates a defined conlribution pension scheme, and the pension charge represents the amounts payable by the Gharily to the fund for the year. Hlre purchase and leaslng commitments. Rentals paid under operating income 8re charged to the Statement of Financial Activities on a straight-line basis over Ihe period of the lease. 2. Crltl¢al accountlng estimales 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 apparenl from other sources. The estimates and associated assumptions are based on historiGal 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 Ihe revision affects only thal period, or in the period of the revision and future periods where the revision affects both current and future periods. NOTES TO THE FINANCIAL STATEMENTS 17
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED YEAR ENDED 31 MARCH 2024 3. Donations and legacles Unrestricted Restricted Funds Funds 2024 2023 Donations 53,437 53,437 104,311 Access Research Fund 12,196 Access to Juslice Fund 583 583 Awards for All 9,500 BBC Children in Need 8CC Celebrating Communities Fund 10,000 10,000 10,000 10,000 10,000 BCC Client Furniture Pack 36,306 36,306 BCC Commonwealth Games 24.000 BCC Emergency Food Aid 6,600 6.600 3,200 BCC NDSU Community Grant 6,429 6,429 2,572 BCC Pool Support Funding 57,561 57,561 BCC Wami Welcome Grant BCC Welfare Benefit and Debt Advice 8,000 8,000 9,766 127,500 127,500 108,750 Big Lottery 111,383 111,383 66,729 Bimiinghan City Council 3,000 Crisis Fund - Pioneer Group 12,215 12,215 19,791 ESC Lottery Fund 16,600 Heart of England 43,932 43,932 1,300 Heritage Lottery Funds 9,570 HS2 Funding 6,755 Independent Age 19,993 19.993 Money Advice - Pioneer Group 50.000 50,000 50,000 18
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED Neighbourhood Network Scheme NNS funding for The Meeting Place. 440 440 3,895 Power to Change 9,000 Sutton Charity Funding 25,645 25,645 UK National Agency Witlon Lodge Community Association 13,207 2,447 2,447 471,088 111,383 582.471 484,141 Analysis by fund Unrestricted funds Restricted funds 471,088 111,383 417.412 66,729 582,471 484,141 19
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS053 YEAR ENDED 31 MARCH 2023 4. Income from charitable activities 2024 2023 Room hire Other fees 28,799 6.185 25,217 7.856 Tolal for the year 34,984 33,074 Analysls by fund Unrestricted funds Restricted funds 34,984 33.074 34,984 33,074 5. Othèr Income 2024 2023 Fundraising events Fees 1,979 266,896 269,001 Total for the year Analysls by fund Unrestricted funds Restricted funds 269,001 268,875 269,001 268,875 269,001 268,875 6. Expenditure on charitable activltles 2024 2023 Direct costs Support costs 895,918 4,498 769,865 7.694 900,416 777,55g Analysls by fund Unrestricted funds Restricted funds 789,033 111,383 710,830 66,729 900.416 777,559 20
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 7. Support costs Management Flnance Support Total Total 2024 2024 2024 2024 2023 Charitable aclivities 322 1,477 2,700 4,498 7,694 8. Trustees 2024 2023 Trustee's salaries Trustees, Social security costs All Trustees hold voluntary positions and are not paid a salary in their capacily as a Trustee. None of the trustees (or any persons connected with them) received any expenses from the charity during the year (2023 - £nil}. g. Employeas 2024 2023 Wages and salaries Social security costs Other pensions costs Redundancy Costs 457,487 22,315 9,824 441,312 24,775 9,236 7,542 489,626 482,864 The average number of employees during the year was 20 {2023- 23). No employee received emoluments in excess of £60,000. 21
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 10. Tangible fixed assets Group Fixtures and fittings Motor vehicles Computer equipment Total Cost At 1 April 2023 Additions Disposals At 31 March 2024 54.76g 544 22,673 77.442 5,344 4.800 55,313 4,800 22,673 82,786 Depreclatlon and impalrment At 1 April 2023 Charge for the year Disposals At 31 March 2024 48,587 3.056 13,978 5,673 62,566 9,929 1,200 51,643 1,200 19.651 72,494 Carrylng amount At 31 March 2024 3,670 3,600 3,022 10,292 At 31 March 2023 6,182 8,695 14,877 22
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Charity Fixtures and fittings Motor vehicles Computer equipment Total Cost At 1 April 2023 Additions Disposals At 31 March 2024 15,499 64 22,673 38,172 4,864 4,800 15,563 4,800 22,673 43,036 Depreciation and impairment At 1 April 2023 Charge for the year Disposals At 31 March 2024 14,475 357 13,978 5,673 28,454 7,230 1,200 14,832 1,200 19,651 35,683 Carrying amount At 31 March 2024 731 3,600 3,022 7,353 At 31 March 2023 1,025 8,695 9,719 23
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 12. Investments - charity only 2024 2023 Investment In subsldiary undertakings Cost and carrying value The charity is the beneficial owner of the entire issued share capital of Upcycle Birmingham CIC. a company registered in England and Wales. 13. Flnancial instruments Group 2024 Group 2023 Charlty 2024 Charlty 2023 Carrylng amount of flnanclal assets Debt instruments measured at amortised cost Carrylng value of financial Ilabllitles Measured on amortised costs 14. Debtors Group 2024 Group 2023 Charlty 2024 Charity 2023 Amounts falling due wlthln one year Trade debtors Amounts due from group undertakings Prepayments and accwed income 70,645 59.964 52,185 37,340 2.000 12,000 2,986 4,007 3.844 3,031 74,652 63,808 67,171 42,371 24
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED NOTES TO THE FINANCIAL STATEfvIENTS YEAR ENDED 31 MARCH 2024 15. Creditors: amounts falling due within one year Group 2024 Group 2023 Charity 2024 Charity 2023 Bounce Back loan Trade Creditors Social security and other taxes Pensions Corporation tax Other creditors Accruals and deferred income 4,467 39,897 7,557 178 804 1,649 95,645 4,467 20,285 7,093 1,169 694 11,041 7,160 59 3,009 6,733 1,021 1,649 75.498 22,064 14,296 150,198 55,762 95,406 25,058 16. Creditors.. amounts falllng due after more than one year Group 2024 Group 2023 Charlty 2024 Charlty 2023 CAF Investment Fund Bounce Back loan 19,162 18,866 19,162 18,866 25
SPITFIRE ADVICE AND SUPPORT SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 17. Restricted funds The income funds of the charity include restricted funds comprising the following unexpended balances of donalions and grants held on trust for specific purposes.. Group Movement in funds Balance at 1April 2023 Incomlng resources Resource Balan¢ eat31 March 2024 expended Big Lottery- Covid 19 111,383 111,383 111,383 111,383 Charlty Movement In funds Balance at 1Aprll 2023 Incomlng resources Resourco Balanc at31 March 2024 oxpended Big Lottery- Covid 19 111,383 111,383 111,383 111,383 18. Analysis of net assets between funds Fund balance5 at 31 March 2024 and 31 March 2023 are represented by current assetsl (liabilities}. 19. Related party transactlon There were no disclosable related party transactions during the year (2023- none). 26