2021-03-31-accounts

Report ofthe Trustees		1	to	6
Report ofthe Independent Auditors		7	to	9
Statement ofFinaucial	Activities		10
Balance Sheet			ll
Cash Flow Statement			12
Notes to the Cash Flow Statement			13
Notes to the Fmancial	Statements	14	to	20

					313.21	31.3,20
					Unrestricted	Total
				Notes	fund	fimdsf
INCOME	AND ENDOWMENTS FROM
Donations	and legacies			3	607,803	1,189,622
Invesnnent	income				21,750	25,826
Total					629,553	1,215,448
EXPENDITURE ON
Raising funds					2,466	722,461
Charitable	activities
Sundry					2,243	118,746
Food/Drink					52~7	129,037
Other					557370	30%0
Total					6155076	1,000,474
NET INCOME					14,477	214,974
RECONCILIATION			OF FUNDS
Total funds	brought	forward			9,456,071	9~1,097
TOTAL FUNDS CARRIED FORWARD					9,470~8	9,456,071

		313,21	31.3.20
		Unrestricted	Total
		fund	lhnds
	Notes
FIXEDASSETS
Tangible assets	11	11415)365	11,211,582
investment property	12	350,000	350,000
		llr565r365	11,561,582
CURRENT ASSETS
Debtors	13		39,128
Cash atbank		152,072	88,521
		152r072	127,649
CREDITORS
Amounts falling due within one year	14	(277rt47)	(95308)
NET CURRENT ASSETS		(125375)	32,341
TOTAL ASSETSLESSCURRENT
LIABILITIES		11,439$90	11,593,923
CREDITORS
Amounts falling due atter more than one year	15	(I tt69,442)	(2,137,852)
NET ASSETS		9rt70,548	9,456,071
FUNDS	18
Unrestricted fends:
Geoeral fund		9,470/48	9,456,071
TOTAL FUNDS		9,470~8	9,456,071

						31.3,21	31.3.20
					Notes
Cash flows from	operating		activities
Cash generated &om operations						92,853	198,877
Net cash provided	by operating aotivities					92)853	198,877
Cash flows from	Investing		activities
Purchase oftangible Gxed assets						(17/98)	(3,427)
Net cash used in	investing	activities				(17/98)	(3,427)
Cash flows from	flnanctng		activities
Loan repayments	in year					(12,004)	(187,198)
Net cssb used in	fmancing	activities				(12,004)	(187,198)
Change in cash	snd cash	equivalents		in
the reporting period						63&551	8,252
Cash snd cash equivalents			st the
beginning ofthe	reporting		period			8&,521	80,269
Cash snd cash equivalents			at the end	of
the reporting period						152,072	88,521

	RECONCILIATION	RECONCILIATION	OFNET INCOME TONET CASH FLOW FROM	OFNET INCOME TONET CASH FLOW FROM	OPERATINGA~	OPERATINGA~
					313,21	31.3.20
	Net Income for thc	reporting		period (as per tbe Statement ofFinancial
	Activities)				14,477	214,974
	Ad)nstmenht for:
	Depreciation charges				13)515	l4,494
	Decrease/(increase)	in	debtors		39,128	(39,128)
	Increase in creditors				25,733	8,537
	Net cash provided	by	operations		921853	198,877
2.	ANALYSIS OFCHANGES			IN NETDEBT

ANALYSIS OFCHA	NGES IN NETDEBT
		At 1.4,20	Cash flow	At31321
Net cash
Cash atbank		88,521	63451	152,072
		88421	63,551	152,072
Debt
Debts falling due within	1year	(52/t54)	(156,406)	(208,860)
Debts falling duc slier	1 year	(2,137)852)	168,410	(1,969,442)
		(2,190306)	12,004	(2,178,302)
Total		(2,101,785)	75,555	(2,026~0)

DONATIONS AND LE	GACIES
		313.21	31.320
Donations		588,477	1,170,877
Building Fund		20	18,745
Other income		19406
		607,803	1,189,622
Grants received, included	in the above, are as follows:
		31331	31.320
Other grants		19@06

		31,321	31.3.20
		8	6
Support costs			717,174
Other trading activities
		31.3.21	31,320
Hire ofplant and machinery		2,466	5,335
Investment management	costs
		31,3.21	31.3.20
Support costs			(48)
Aggregate amounts		2,466	722,46 )

6.	CHARITABLE ACTlVITIES COST	S
				Support
			Direct	costs (see
			Costs	note 7)	Totals
	Sundry		2,243		f.~3
	Food/Drink		39,403	13,594	52,997
			41,646	13494	55,240
7.	SUPPORT COSTS
					Information
			Management	Finance	technology
					f,
	Other resources expended		226,142	58,161	117,632
	Food/Drink			10,030
			226,142	68,191	117,632
		Huruan		Governance
		resources	Other	costs	Totals
		6
	Other resources expended	85,747	6&484	28,619	522,785
	Food/Drink		3&564		13494
		85,747	10,048	28,619	536479

STAFFCOSTS
			31.321	31.3.20
			5
Wages and salaries			109&576	101,708
			109&576	101,708
Tbe averago monthly	number ofemployees	during the year was as follows'.
			31.3.21	31.3.20
			10	10

10.	COMPARATIVES	FORTHE	STATEMENT		OF FINANCIAL	ACTIVITIES
								Unrestricted
								fund
	INCOME AND ENDOWMENTS			FROM
	Donations and legacies							1,189,622
	Investment income							25,826
	Total							1,215,448
	EXPENDITURE ON
	Raisiug funds							722,461
	Charitable activities
	Sundry							118,746
	Food/Drink							129,037
	Other							30730
	Total							1,000,474
	NET INCOME							214,974
	RECONCILIATION OFFUNDS
	Total funds brought	fitrward						9/41,097
	TOTAL FUNDS CARRIED FORWARD							9,456,071
11.	TANGIBLE FIXEDASSETS
					Improvements	Fixtures
				Freehold	to	and	Computer
				pmperly	property	fittings	equipment	Totals
				5		5
	COST
	At 1 April 2020		10,674,800		42tL298	292,701	17,466	1],411465
	Additions				17,298			17498
	At 31 March 2021		10,674,800		443,596	292,701	17,466	11)428)563
	DEPRECIATION
	At I April 2020				11,315	163,744	14,624	199,683
	Charge for year					12,652	863	13/15
	At 31March 2021				21315	176,396	15~	213,198
	NET BOOKVALUE
	At31 March 2021		10,674/00		422481	116305	1,979	11/15,365
	At 31March2020		10,674,800		404,983	128,957	2,842	Ilg11482

12.	INVESTMENT PROPE	RTY
	FAIR VALUE
	At 1 April 2020
	and 31 Maroh 2021				350,000
	NET BOOXVALUE
	At 31March 2021				350,000
	At 31March 2020				350,000
	122 and 124High Street Smethwick		were valued at 5350,000 in January 2016.
13.	DEBTORS:AMOUNTS	PALLING DUE WITHIN ONE YEAR
				31.321	313.20
				5
	Prepayments				39,128
14,	CZIEDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				31.321	31320
				f,
	Bank!oans and overdrafls	(see note	16)	208,860	52,454
	Taxation and social security			165098	10301
	Other creditors			57,489	32,653
				277,447	95,308
15.	CREDITORS: AMOUNTS FALLING DUKAFTER MORE THAN ONE			YEAR
				319.21	31.3.20
				5	f,
				l„rr69,442	2,137,852
16.	LOANS
	An analysis ofthe maturity ofloans		is given below:
				313.21	31.3.20
	Amounts falling due within one year		on demand:
	Bank loans			208,860	52,454
	Amounts falling between	one and two years:
	Bank loans - 1-2 years			417,720	417,720
	Amounts falling due between two and five years:
	Bank loans - 2-5 years			625,143	625,143
	Amounts falling due in more than five yems:
	Repayable by instalments;
	Bank loans more 5 yi by	instal		926/79	1,094,989

						31921	31.3.20
						8
	Bank loans					2,178,302	2,190306
	Bank kans are seemed against		thc	pmperties,
18.	MOVEMENT IN FUNDS
						Net
						movem eat	At
					At 1.420	in funds	31.321
	Unrestricted	funds
	General fund				9,456,071	14,477	9rt70,548
	TOTAL FUNDS				9,456,071	14)477	9,470,548
	Net movement	in funds, included		in the above are as follows:
					Incoming	Resources	Movement
					reaomccs	expended	in funds
	Unrestricted	funds
	General fund				629453	(615,076)	14,477
	TOTAL FUNDS				629,553	(615,076)	14,477
	Comparative	s for movement	ln	funds
						Net
						movement	At
					At 1.4.19	in funds	31.3,20
	Unrestricted	funds
	General fund				9,241,097	214,974	9,456,071
	TOTAL FUNDS				9,241,097	214,974	9,456,071

			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted	funds
Oeneral fund			1415,448	(1,000,474)	214tt74
TOTAL FUNDS			1415,448	(1,000,474)	214,974
A current year	12months	and prior year 12months	combined position is as follows:
				Net
				movement	At
			At 1.4.19	in funds	31.3.21
			f.
Unrestricted	fhnds
General fund			9,241,097	229,451	9,470/48
TOTAL FUNDS			9,241,097	229,451	9,470,548

			Incoming	Resources	Movement
			resources f	expended f,	in ftmds
	Unrestricted	funds
	Oeneral fund		1,845,001	(1,615,550)	229,451
	TOTAL FUNDS		1,845,001	(1,615450)	229,451
19.	RELATED	PARTY DISCLOSURES