|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||||