## ## |Report ofthe Trustees|1|to|7| |---|---|---|---| |Report ofthe Independent
Auditors|8|to|10| |Statement ofFinancial Activities|||| |Balance Sheet||12|| |Cash Flow Statement||13|| |Notes to the Cash Flow Statesnent||14|| |Notes to the Financial Statements|15|to|21| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||319.22|31.3.21| |---|---|---|---|---|---| |||||Unrestricted|Total| |||||fund|funds| ||||Notes||5| |INCOME|AND ENDOWS FROM||||| |Donations|and legacies|||1)369&988|607,803| |investment|income|||31,550|21,750| |Total||||1,401,538|629,553| |EXPENDITURE ON|||||| |Raismg funds||||4,810|2,466| |Charitable|activities||||| |Printing/Postage/Stationary|||||| |||||21,849|| |Sundry||||1,705|2,243| |Food/Driak||||153,680|52,997| |Other||||822,324|557,370| |Total||||1)004468|615,076| |NET INCOME||||397,170|14,477| |RECONC1LIATION OFFUNDS|||||| |Total funds|brought|for)vard||9,470,548|9,456,071| |TOTAL FUNDS CARRIED FORWARD||||9,867,718|9,470,548| ## ## |||31322|31.3.21| |---|---|---|---| |||Unrestricted|Total| |||fund|funds| ||Notes||f.| |FIXEDASSETS|||| |Tangible assets|11|11&261/86|11,215,365| |Investment
property|12|350,000|350,000| |||11,611486|11,565,365| |CURRENT ASSETS|||| |Debtors|13|25,256|| |Cash at bank and in hand||251,165|152,072| |||276,421|152,072| |CREDITORS|||| |Amounts
falling due within one year|14|(261354)|(277,447)| |NET CURRENT ASSETS||15,067|(125,375)| |TOTAL ASSETSLESSCURRENT|||| |LIABILITIES||11,626853|11,439,990| |CREDITORS|||| |Amounts
falling due afier more than one year|15|(1,758,635)|(1,969,442)| |NET ASSETS||9,867,718|9,470,548| |FUNDS|18||| |Unrestricted
funds:|||| |General
fund||9&867,718|9,470,548| |TOTAL FUNDS||9,867,718|9,470,548| ## ||||||31.3.22|31.3.21| |---|---|---|---|---|---|---| |||||Notes||| |Cash flows from operating||activities||||| |Cash generated fiom operations|||||367)760|92,853| |Net cash pmvided
by operating
activities|||||367,760|92,853| |Cash fiows from investing||activities||||| |Purchase oftangible fixed|assets||||(57,860)|(17,298)| |Net cash used in investing|activities||||(57,860)|(17,298)| |Cash flows from financiag||activities||||| |Loan repayments
in year|||||(210,807)|(12,004)| |Net cash used in financing|activities||||(210,807)|(12,004)| |Change in cash and cash|equivalents||in|||| |the reporting
period|||||99,093|63,551| |Cash and cash equivalonts||at the||||| |beginning ofthe reporting||period|||152)072|88,521| |Cash and cash equivalents||at the end|of|||| |the reporting
period|||||251,165|152,072| ## ## |RECONCILIATION|RECONCILIATION|RECONCILIATION|OPNET INCOME TO NET CASH PLOW FROM|OPNET INCOME TO NET CASH PLOW FROM|OPERATING ACTIVITIES|OPERATING ACTIVITIES| |---|---|---|---|---|---|---| ||||||31.322|31.3.21| ||||||f|| |Net income|for the|reporting||period (as per tbe Statement ofFinancial||| |Activities)|||||397,170|14,477| |Adjustments|for:|||||| |Depreciation|charges||||11)939|13,515| |(Increase)/decrease||in|debtors||(25/56)|39,128| |(Decrease)/increase||in|creditors||(16,093)|25,733| |Net cash provided||by|operations||367,760|92,853| |ANALYSIS|OFCHANGES IN NET DEBT|||||| |ANALYSIS OFCHAN|GES IN NET DEBT|||| |---|---|---|---|---| |||At 1.4.21|Cash fiow|At 31.3.22| |||f||f| |Net cash||||| |Cash at bank and iu hand||152,072|99,093|251,165| |||152,072|99,093|251)165| |Debt||||| |Debts ihlling due within|1year|(208)860)||(208,860)| |Debts fidjing due after 1|year|(1$69,442)|210,807|(1)758,635)| |||(2)178402)|210,807|(1,967,495)| |Total||(2,026,230)|309,900|(1,716430)| ## ## ## ## ## ## ## ## |DONATIONS
AND LE|GACIES||| |---|---|---|---| |||31.3.22|3L321| |Donations||1)231,677|588,477| |Building Fund||1)200|20| |Other Income||137,111|19,306| |||1469)988|607,803| |Grants received, included|in the above, are as follows:||| |||31.3.22|31.3.21| |---|---|---|---| |Other|grants|137,111|19,306| ## ||Other ttudtng
activities|||| |---|---|---|---|---| ||||31.3.22|31.321| ||Hire ofplant and machinery||4,810|2,466| |6.|CHARITABLE ACTIVITIES COSTS|||| ||||Support|| |||Direct|costs (see|| |||Costs|note 7)|Totals| ||Printing/Postage/Stationary|||| ||||21,849|21,849| ||Sundry|1,705||1)705| ||Food/Drink|149,834|3,846|153,680| |||151,539|25)695|177~4| ## ## |SUPPORT COSTS||||| |---|---|---|---|---| ||||Information|Human| ||Management|Finance|technology|resources| ||5|||| |Other resources expended|297,571|57,626|192,450|165&775| |Printing/Postage/Stationary||||| |||21,849||| |Food/Drink||1,050|2,676|120| ||297)571|80,525|195,126|165,895| ||||0overnance|| ||Other|Other 3|costs|Totals| |||f.||| |Other resources expended|15413|3)100|52&282|784,017| |Printing/Postage/Stationary||||| |||||21,849| |||||3&846| ||15,213|3,100|52,282|809,712| ## ## ## ||||||319.22|31.3.21| |---|---|---|---|---|---|---| ||||||5|| |Wages and salaries|||||145,160|109,576| ||||||145,160|109,576| |The average monthly||number ofemployees||during the year was as follows:||| ||||||31.322|31.3.21| |||||||10| |No employees|received emolmnents||in excess of560,000.|||| ## |COMPAR|ATIVES|F|ORTHE STATEMENT OFFINANCIAL AC|TIVITIES| |---|---|---|---|---| |||||Unrestricted| |||||fund| |INCOME|AND ENDOWMENTS FROM|||| |Donations|and legacies|||607,803| |Inveslment|income|||21,750| |Total||||629,553| |EXPENDITURE||ON||| |Raising funds||||2,466| |Charitable|activities|||| |Sundry||||2,243| |Food/Drink||||52,997| |Other||||557,370| |Total||||615,076| |NET INCOME||||14,477| |RECONCILIATION|||OFFUNDS|| |Total funds|brought|forward||9,456,071| |TOTAL FUNDS CARRIED FORWARD||||9,470,548| ## ## |||Improvements|Fixtures||| |---|---|---|---|---|---| ||Freehold|to|and|Computer|| ||property
5|property|Qttings
f,|equipment
6|Totals| |COST|||||| |At I April 2021|10,674,800|443,596|292,701|17,466|11,428,563| |Additions||25)684|32,176||57,860| |At 31March 2022|10)674,800|469/80|324,877|17,466|11,486)423| |DEPRECIATION|||||| |At I April 2021||21415|176@96|15,487|213,198| |Charge for year|||11@41|598|11,939| |At 31March 2022||21415|187,737|16,085|225,137| |NET BOOK VALUE|||||| |At 31March 2022|10,674,800|447)965|137,140|1481|11)261/86| |At 31March 2021|10,674,800|422481|116,305|1,979|11,215,365| |12.|INVESTMENT PROPE)RTY|||| |---|---|---|---|---| ||FAIR VALUE|||| ||At 1 April 2021|||| ||and 3IMarch 2022|||350,000| ||NET BOOK VALUE|||| ||At 31March 2022|||350,000| ||At 3I March 2021|||330,000| ||122 and 124High Street Smethwick|were valued at 5350,000 in Ianuary 2016.||| |13.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR|||| ||||31.3.22|31.3.21| ||Prep ayments||25P56|| |14.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||| ||||31,3.22|31.3.21| ||Bank loans and overdrafts (see note|16)|208)860|208,860| ||Taxation and social security||13,141|16,098| ||Other creditors||39453|52,489| ||||261@54|277,447| |15.|CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE||YEAR|| ||||31.3.22|31.3.2I| |||||f,| ||Bank loans (see noto 16l||1,758,635|1,969,442| |16.|LOANS|||| ||An analysis ofthe maturity ofloans|is given below:||| ||||31.3.22|31.3.21| ||||5|| ||Amounts
fitlling due within one year|on demand:||| ||Bank loans||208,860|208,860| ||Amounts
ihlling between
one and two years:|||| ||Bank loans - 1-2years||417,720|417,720| ||Amounts fallhg due between two and five years:|||| ||Bank loans - 2-5 years||625,143|625,143| ||Amounts
falling due in more than five years:|||| ||Repayable
by instalments:|||| ||Bank loans more 5yr by instal||715,772|926,579| ## |17.|SECURED D|EBTS|EBTS|EBTS|||| |---|---|---|---|---|---|---|---| ||The followmg|secured debts are mcluded within creditors:|||||| |||||||31.3.22|31.321| ||Bank loans|||||1,967,495|2,178302| ||Baok loans are secured against||the properties.||||| |18.|iVIOVEMENT IN FUNDS||||||| |||||||Net|| |||||||movement|At| ||||||At 1.4.21|in funds|31.3.22| ||Unrestricted|funds|||||| ||General fund||||9)470448|397,170|9,867,718| ||TOTAL FUNDS||||9,470448|397,170|9,867,718| ||Net movement|in funds, included||in the above are as follows:|||| ||||||Incoming|Resources|Movement| ||||||resources|expended
I|in funds| ||Unrestricted|funds|||||| ||General fund||||1,401,538|(1,004@68)|397/70| ||TOTAL FUNDS||||1,401,538|(1,004,368)|397)170| ||Comparatives|for movement|in|funds|||| |||||||Net|| |||||||movement|At| ||||||At 1.4.20|in funds|31.3.21| ||Unrestricted|funds|||||| ||General fund||||9,456,071|14,477|9,470,548| ||TOTAL FUNDS||||9,456,071|14,477|9,470,548| ## ## ||||Incoming|Resources|Movement| |---|---|---|---|---|---| ||||resources|expended|in funds| |Unrestricted|funds||||| |General fund|||629,553|(615,076)|14,477| |TOTAL FUNDS|||629,553|(615,076)|14,477| |A current year|12 months|and prior year 12months|combined position is as follows:||| |||||Net|| |||||rnovenlellt|At| ||||At 1.4.20|in funds|31.3.22| |Unrestricted|funds||||| |General fimd|||9,456,071|411,647|9,867,718| |TOTAL FUNDS|||9,456,071|411,647|9,867,718| ||||Incoming|Resources|Movement| |---|---|---|---|---|---| ||||resources|expended|in funds| ||||6||| ||Unrestricted|funds|||| ||General feud||2,031,091|(1,619,444)|411,647| ||TOTAL FUNDS||2,031,091|(1,619,444)|411,647| |19.|RELATED|PARTY DISCLOSURES||||