||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||I|to|7|
|Report ofthe Independent
Auditors||g|to|10|
|Statement ofFinancial|Activities||||
|Balance Sheet|||12||
|Cash Flow Statement|||13||
|Notes to the Cash Flow Statement|||14||
|Notes to the Financial|Statements|15|to|22|
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|||||||31.3.23|31.3.22|
|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Total|
|||||||fund|funds|
||||||Notes||f|
|INCOME|AND ENDOWMENTS|||FROM||||
|Donations|and legacies|||||1,570,723|1,369,988|
|Investment|income|||||27,950|31,550|
|Total||||||1,598,673|1,401,538|
|EXPENDITURE ON||||||||
|Raising
funds||||||337,735|4,810|
|Charitable|activities|||||||
|Printing/Postage,
Stationary||||||||
||||||||21,849|
|Sundry||||||104,008|1,705|
|Food/Drink||||||277,432|153,680|
|Other||||||579,943|822,324|
|Total||||||1,299,118|1,004,368|
|NET INCOME||||||299,555|397,170|
|RECONCILIATIOiV|||OF FUNDS|||||
|Total funds|brought|forward||||9,867,718|9,470,548|
|TOTAL FUNDS CARRIED FORWARD||||||10,167,273|9,867,718|
##
|||31.3.23|31.3.22|
|---|---|---|---|
|||Unrestricted|Total|
||Notes|fundf|funds
6|
|FIXEDASSETS||||
|Tangible
assets|ll|11,293,866|11,261,286|
|Investment
property|12|350,000|350,000|
|||11,643,866|11,611,286|
|CURRENT ASSETS||||
|Debtors|13|42,611|25,256|
|Cash at bank||393,343|251,165|
|||435,954|276,421|
|CREDITORS||||
|Amounts
falling due within one year||(309,240)|(261,354)|
|NET CURRENT ASSETS||126,714|15,067|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||11,770,580|11,626,353|
|CREDITORS||||
|Amounts
falling due after more than one year|15|(1,603,307)|(1,758,635)|
|NET ASSETS||10,167,273|9,867,718|
|FUNDS|18|||
|Unrestricted
funds:||||
|General
fund||10,167,273|9,867,718|
|TOTAL FUNDS||10,167,273|9,867,718|
##
|||||31.3.23|31.3.22|
|---|---|---|---|---|---|
||||Notes|||
|Cash flows from operating|activities|||||
|Cash generated
from operations||||~342 496|367,760|
|Net cash provided
by operating
activities||||342,496|367760|
|Cash flows from investing|activities|||||
|Purchase oftangible
fixed assets||||$44,990)|57,860|
|Net cash used in investing|activiues|||~44,990)|~57,860)|
|Cash flows from financing|activities|||||
|Loan repayments
in year||||(155,328)|~210,807|
|Net cash used in financing|activities|||f155,328)|(210,807)|
|Change in cash and cash|equivalents|in||||
|the reporting
period||||142,178|99,093|
|Cash and cash equivalents|at the|||||
|beginning
ofthe reporting|period|||~251 165|152,072|
|Cash and cash equivalents|at the end|of||||
|the reporting
period||||~393 343|251,165|
##
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|RECONCILIATION|RECONCILIATION|RECONCILIATION|OF NET INCOME TO NET CASH FLOW FROM|OF NET INCOME TO NET CASH FLOW FROM|OPERATING||
|---|---|---|---|---|---|---|
|ACTIVITIES|||||||
||||||31.3.23|31.3.22|
||||||g|f|
|Net income|for the|reporting||period (as per the Statement ofFinancial|||
|Activities)|||||299,555|397,170|
|Adjustments|for:||||||
|Depreciation|charges||||12,410|11,939|
|Increase in debtors|||||(17,355)|(25,256)|
|Increase'(decrease)||in creditors|||47,886|$16,093)|
|Net cash provided||by|operations||342,496|367,760|
|ANALYSIS|OF CHANGES|||IN NET DEBT|||
|||||At 1.4.22|Cash flow|At 31.3.23|
|||||f|6||
|Net cash|||||||
|Cash at bank||||~251 165|142,178|393,343|
|||||251,165|142,178|393,343|
|Debt|||||||
|Debts falling|due within||1 year|(208,860)||(208,860)|
|Debts falling|due after||1 year|(1,758,635)|155,328|(1,603,307)|
|||||(I~967,495|155,328|(1~812167)|
|TotaI||||(1,716,330)|297,506|(1,418,824)|
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|DONATI|ONS
AND LE|GACIES|||
|---|---|---|---|---|
||||31.3.23|31.3.22|
|||||f|
|Donations|||1,534,747|1,231,677|
|Building|Fund|||1,200|
|Other Income|||35,976|137,111|
||||1,570,723|1,369,988|
|Grants received, included||m the above, are as follows:|||
||||31.3.23|31.3.22|
||||g|f|
|Other grants|||35,976|137,111|
##
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|Raising donat|ions
and legacies|||
|---|---|---|---|
|||31.3.23|31.3.22|
|||g||
|Supportcosts||320)720||
|Other trading|activities|||
|||31.3.23|31.3.22|
||||6|
|Hire ofplant|and machinery|17,015|4,810|
|Aggregate
amounts||337,735|4,810|
##
|CHARITABLE|ACTIVITIES COSTS|||||
|---|---|---|---|---|---|
|||||Suppon||
||||Direct|costs (see||
||||Costs|note 7)|Totals|
|||||f||
|Sundry|||14,991|89,017|104,00$|
|Food.'Drink|||253,299|24,133|277,432|
||||268,290|113,150|381,440|
|SUPPORT COSTS||||||
|||||Information|Human|
|||Management
f|Fmance|technology
f|resources
f|
|Raising donations|and legacies||86,794||233,926|
|Other resources expended||312,155||227,283||
|Sundry|||11,868|||
|Food/Drink|||24,133|||
|||312,155|122,795|227,2$3|233,926|
|||||Governance||
|||Other|Other 3|cosus|Totals|
|||f|f|f|f|
|Raising donations|and legacies||||320,720|
|Other resources expended||5,617|||545,055|
|Sundry||9,357|250|67,542|89,017|
|Food/Drink|||||24,133|
|||14,974||67,542|978,925|
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|9.|STAFF COSTS|STAFF COSTS|STAFF COSTS||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||31.3.23|31.3.22|
|||||||||||f|
||Wages and||salaries||||||168,573|145,160|
||||||||||168,573|145,160|
||The average||monthly|number ofemployees|||during|the year was as follows:|||
||||||||||31.3.23|31.3.22|
||Staff||||||||10|10|
||No employees
received||||emoluments|in excess of||f60,000.|||
|10,|COMPARATIVES|||FOR THE STATEMENT||||OF FINANCIAL ACTIVITIES|||
|||||||||||Unrestricted|
|||||||||||fund|
|||||||||||f|
||INCOME||AND ENDOWMENTS|||FROM|||||
||Donations|and legactes||||||||1,369,988|
||Investment||income|||||||31,550|
||Total|||||||||1,401,538|
||EXPENDITURE ON||||||||||
||Raising
funds|||||||||4,810|
||Charitable||activities||||||||
||Printingt Postage.'Stationary||||||||||
|||||||||||21,849|
||Sundry|||||||||1,705|
||Food/Drink|||||||||153,680|
||Other|||||||||822,324|
||Total|||||||||1,004,368|
||NET INCOiME|||||||||397,170|
||RECONCILIATION||||OF FUNDS||||||
||Total funds||brought|forward||||||9,470,548|
||TOTAL FUNDS CARRIED FORWARD|||||||||9,867,718|
##
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|TANGIBLE FIXEDASSETS|||||||
|---|---|---|---|---|---|---|
||||Improvements|Fixtures|||
|||freehold|to|and|Computer||
|||property
f|property
f.|fittings
f|equipment
f|Totals
f|
|COST|||||||
|At
I Apri12022|10,674,800||469,280|324,877|17,466|11,486,423|
|Additions|||44,990|||44,990|
|At 31 March 2023|10,674,800||514,270|324,877|17,466|11,531,413|
|DEPRECIATION|||||||
|At
1 April 2022|||21,315|187,737|16,0$5|225,137|
|Charge for year||||12,024|386|12,410|
|At 31 March 2023|||21)315|199,761|16,471|237,547|
|NET BOOK VALUE|||||||
|At 31 March 2023|10,674,$00||492,955|125,116|995|11,293,866|
|At 31 March 2022|10,674,800||447,965|137,140|1,381|11,261,286|
|INVESTMENT PROPERTY|||||||
|FAIR VALUE|||||||
|At
I April 2022|||||||
|and 31 March 2023||||||350,000|
|NET BOOK VALUE|||||||
|At 31 March 2023||||||350,000|
|At 31 March 2022||||||350,000|
|122 and 124 High Street Smethwtck||were valued at f350,000 in January 2016.|||||
|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR|||||||
||||||31.3.23|31.3.22|
|||||||f.|
|Prepayments
and accrued mcome|||||42,611|25,256|
|14.|CREDITORS: AMOUNTS|FALLING|DUE WITHIN ONE YEAR||
|---|---|---|---|---|
||||31.3.23|31.3.22|
||Bank loans and overdrafts
(see note 16)||208,860|208,860|
||Taxation and social security||41,601|13,141|
||Other creditors||58,779|39,353|
||||309,240|261,354|
|15.|CREDITORS: AMOUNTS|FALLING|DUE AFTER MORE THAN ONE YEAR||
||||31.3.23|31.3.22|
||Bank loans (see note 16)||~1,603 307|l,758,635|
|16.|LOANS||||
||An analysis ofthe maturity ofloans is given below:||||
||||31.3.23|31.3.22|
|||||f|
||Amounts
falling due within one year on||demand:||
||Bank loans||208,860|208,860|
||Amounts
falling between one and two years:||||
||Bank loans - 1-2 years||417,720|417,720|
||Amounts
falhng
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 5 yr by instal||560,444|715,772|
|17.|SECURED DEBTS||||
||The following
secured debts|are included|within creditors:||
||||31.3.23|31.3.22|
|||||f|
||Bank loans||1,812,167|1,967,495|
||Bank loans are secured against
the properties.||||
##
|MOVEM||ENT|IN FUNDS|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Net||
|||||||||movement|At|
||||||||At 1.4.22|in funds|31.3.23|
||||||||f|f||
|Unrestricted|||funds|||||||
|General|fund||||||9,867,718|299,555|10,167,273|
|TOTAL||FUNDS|||||9,867,718|299,555|10,167,273|
|Net movement|||in funds, included|||in the above|are as follows:|||
||||||||Incoming|Resources|Movement|
||||||||resources|expended|in funds|
||||||||f|f||
|Unrestricted|||funds|||||||
|General||fund|||||1,598)673|(1,299,118)|299,555|
|TOTAL||FUNDS|||||1,090073|3)399,))0)|299,555|
|Comparatives|||for movement||in|funds||||
|||||||||Net||
|||||||||movement|At|
||||||||At 1.4.21|in funds|31.3.22|
||||||||f|f|f|
|Unrestricted|||funds|||||||
|General||fund|||||9,470,548|397,170|9,867,718|
|TOTAL||FUNDS|||||9,470,548|397,170|9,867,718|
|Comparative|||net movement|in|funds, included||tn the above are as follows:|||
||||||||Incoming|Resources|Movement|
||||||||resources|expended|in funds|
|Unrestricted|||funds|||||||
|General||fund|||||1,401,538|(1,004,368)|397,170|
|TOTAL||FUNDS|||||1.401.538|3),004,368)|397,170|
##
|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1.4.21|in funds|31.3.23|
||||f|f|f.|
|Unrestricted||funds||||
|General|fund||9,470,548|696,725|10,167,273|
|TOTAL|FUNDS||9,470,548|696,725|10,167,273|
||||Incoming|Resources|Moventent|
|---|---|---|---|---|---|
||||resources|expended|in funds|
||||f|f|f|
|Unrestricted||funds||||
|General|fund||3,000,211|(2,303,486)|696,725|
|TOTAL|FUNDS||3,000,211|~2,303,486)|696,725|
##