| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 6 | |
| Independent Examiner's |
Report | |||
| Statement ofFinancial | Activities | |||
| Balance Sheet | 9 | to | 10 | |
| Notes to the Financial Statements | 11 | to | 17 | |
| Detailed Statement ofFinancial Activities | 18 | to | 19 |
| 31.3.21 | 31.3.20 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | fund | funds | funds | |||
| Notes | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
20,980 | 20,980 | ||||
| Charitable activities |
||||||
| SMBC SLA/Contracts | 131,839 | 25,000 | 156,839 | 119,656 | ||
| Other Income | 8,320 | 8,320 | ||||
| Embracing Change Project |
60,497 | 60,497 | ||||
| Raise | 68,724 | 68,724 | 65,768 | |||
| BBOBridges | 20,830 | 20,830 | 23,686 | |||
| BBOCommunity Matters |
8,388 | 8,388 | 70,125 | |||
| BBOFamily Matters | 7,510 | 7,510 | 23,214 | |||
| UK Online | 20,813 | |||||
| Awards for All England | 9,848 | |||||
| Rank Foundation . | 10,500 | 10,500 | 650 | |||
| Good Things Foundation | 12,188 | 12,188 | ||||
| Black Country Future | 57,162 | 57,162 | ||||
| Other trading activities | 5,102 | |||||
| Investment income |
26 | 26 | 16 | |||
| Total | 171,665 | 260,299 | 431,964 | 338,878 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| SMBC SLA/Contracts | 23,749 | 4,801 | 28,550 | 70,135 | ||
| Premises Costs | 1,786 | 16,873 | 18,659 | 19,838 | ||
| Administration | 25,687 | 3,326 | 29,013 | 27,681 | ||
| Embracing Change Project |
60,497 | 60,497 | ||||
| Raise | 68,716 | 68,716 | 81,565 | |||
| BBOProjects | 36,736" | 36,736 | 136,144 | |||
| Good Things Foundation | 12,188 | 12,188 | ||||
| Black Country Future | 57,162 | 57,162 | ||||
| Total | 51,222 | 260,299 | 311,521 | 335,363 | ||
| NET INCOME | 120,443 | 120,443 | 3,515 | |||
| RECONCILIATION | OFFUNDS | |||||
| Total funds brought forward | 113,670 | 113,670 | 110,155 | |||
| TOTAL FUNDS CARRIED FORWARD | 234,113 | 234,113 | 113,670 |
| Balance Sheet 31March 2021 |
|||||
|---|---|---|---|---|---|
| 31.3.21 | 31.3.20 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | fund | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 8,774 | 8,774 | 3,140 | ||
| CURRENT ASSETS | |||||
| Debtors | 20,833 | 20,833 | 44,031 | ||
| Cash in hand | 224,502 | 224,502 | 107,169 | ||
| 245,335 | 245,335 | 151,200 | |||
| CREDITORS | |||||
| Amounts falling due within one year |
10 | (19,996) | (19,996) | (40,670) | |
| NET CURRENT ASSETS | 225,339 | 225,339 | 110,530 | ||
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 234,113 | 234,113 | 113,670 | ||
| NET ASSETS | 234,113 | 234,113 | 113,670 | ||
| FUNDS | |||||
| Unrestricted funds |
234,113 | 113,670 | |||
| TOTALFUNDS | 234,113 | 113,670 |
| 2. | OTHER TRADING A | CTIVITIES | ||
|---|---|---|---|---|
| 31.3.21 | 31.3.20 | |||
| Training Services | 3,800 | |||
| Room Hire | 1,302 | |||
| 5,102 | ||||
| 3. | INVESTMENT INCOME | |||
| 31.3.21 | 31.3.20 | |||
| Deposit account interest | 26 | 16 | ||
| 4. | NET INCOME/(EXPENDITURE) | |||
| Net income/(expenditure) | is stated aAer charging/(crediting): | |||
| 31.3.21 | 31.3.20 | |||
| Depreciation - owned assets | 2,925 | 2,035 |
| 7. | COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIES | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | fund | funds | |||
| INCOME AND ENDOWMENTS FROM | |||||
| Charitable activities |
|||||
| SMBC SLA/Contracts | 119,656 | 119,656 | |||
| Raise | 65,768 | 65,768 | |||
| BBOBridges | 23,686 | 23,686 | |||
| BBOCommunity Matters |
70,125 | 70,125 | |||
| BBOFamily Matters | 23,214 | 23,214 | |||
| UK Online | 20,813 | 20,813 | |||
| Awards for All England | 9,848 | 9,848 | |||
| Rank Foundation | 650 | 650 | |||
| Other trading activities | 5,102 | 5,102 | |||
| Investment income |
16 | 16 | |||
| Total | 156,085 | 182,793 | 338,878 | ||
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| SMBC SLA/Contracts | 70,135 | 70,135 | |||
| Premises Costs | 19,838 | 19,838 | |||
| Administration | 27,681 | 27,681 | |||
| Raise | 81,565 | 81,565 | |||
| BBOProjects | 136,144 | 136,144 | |||
| Total | 117,654 | 217,709 | 335,363 | ||
| NET INCOME/(EXPENDITURE) | 38,431 | (34,916) | 3,515 | ||
| RECONCILIATION | OFFUNDS | ||||
| Total funds brought forward | 75,239 | 34,916 | 110,155 | ||
| TOTAL FUNDS CARRIED FORWARD | 113,670 | 113,670 |
| 8. | TANGIBLE FIXEDASSETS | |||
|---|---|---|---|---|
| Fixtures | ||||
| and | Computer | |||
| fittings | equipment | Totals | ||
| COST | ||||
| At 1 April 2020 | 21,767 | 41,253 | 63,020 | |
| Additions | 8,559 | 8,559 | ||
| At 31March 2021 | 30,326 | 41,253 | 71,579 | |
| DEPRECIATION | ||||
| At 1 April 2020 | 20,935 | 38,945 | 59,880 | |
| Charge for year | 2,717 | 208 | 2,925 | |
| At 31March 2021 | 23,652 | 39,153 | 62,805 | |
| NET BOOKVALUE | ||||
| At 31March 2021 | 6,674 | 2,100 | 8,774 | |
| At 31March 2020 | 832 | 2,308 | 3,140 | |
| 9. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.3.21 | 31.3.20 | |||
| Trade debtors | 20,833 | 41,786 | ||
| Prepayments | 2,245 | |||
| 20,833 | 44,031 | |||
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.3.21 | 31.3.20 | |||
| Trade creditors | 4,850 | 5,940 | ||
| Social security and other taxes | 4,150 | 4,725 | ||
| Other creditors | 9,796 | 28,805 | ||
| Accrued expenses | 1,200 | 1,200 | ||
| 19,996 | 40,670 |
| 11. | MOVEMENT IN FUNDS | MOVEMENT IN FUNDS | ||||||
|---|---|---|---|---|---|---|---|---|
| Net | Transfers | |||||||
| movement | between | At | ||||||
| At 1.4.20 | in funds | funds | 31.3.21 | |||||
| Unrestricted | funds | |||||||
| General fund | 53,670 | 120,443 | (60,000) | 114,113 | ||||
| Designated Building Fund |
60,000 | 60,000 | 120,000 | |||||
| 113,670 | 120,443 | 234,113 | ||||||
| TOTAL FUNDS | 113,670 | 120,443 | 234,113 | |||||
| Net movement | in funds, included | in the above | are as follows: | |||||
| Incoming | Resources | Movement | ||||||
| resources | expended | in funds | ||||||
| Unrestricted | funds | |||||||
| General fund | 171,665 | (51,222) | 120,443 | |||||
| Restricted funds | ||||||||
| Restricted | 260,299 | (260,299) | ||||||
| TOTAL FUNDS | 431,964 | (311,521) | 120,443 | |||||
| Comparatives | for movement | in | funds | |||||
| Net | Transfers | |||||||
| movement | between | At | ||||||
| At 1.4.19 | in funds | funds | 31.3.20 | |||||
| Unrestricted | funds | |||||||
| General fund | 75,239 | 38,431 | (60,000) | 53,670 | ||||
| Designated Building Fund |
60,000 | 60,000 | ||||||
| 75,239 | 38,431 | 113,670 | ||||||
| Restricted funds | ||||||||
| Restricted | 34,916 | (34,916) | ||||||
| TOTAL FUNDS | 110,155 | 3,515 | 113,670 |
| Incoming | Resources | Movement | ||||
|---|---|---|---|---|---|---|
| resources | expended | in funds | ||||
| Unrestricted | funds | |||||
| General fund | 156,085 | (117,654) | 38,431 | |||
| Restricted funds | ||||||
| Restricted | 182,793 | (217,709) | (34,916) | |||
| TOTAL FUNDS | 338,878 | (335,363) | 3,515 | |||
| A current year | 12months | and prior year 12months combined | position | is as follows: | ||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.4.19 | in funds | funds | 31.3.21 | |||
| Unrestricted | funds | |||||
| General fund | 75,239 | 158,874 | (120,000) | 114,113 | ||
| Designated Building Fund |
120,000 | 120,000 | ||||
| 75,239 | 158,874 | 234,113 | ||||
| Restricted funds | ||||||
| Restricted | 34,916 | (34,916) | ||||
| TOTAL FUNDS | 110,155 | 123,958 | 234,113 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| f. | ||||
| Unrestricted | funds | |||
| General fund | 327,750 | (168,876) | 158,874 | |
| Restricted funds | ||||
| Restricted | 443,092 | (478,008) | (34,916) | |
| TOTAL FUNDS | 770,842 | (646,884) | 123,958 |
| Detailed Statement ofFinancial Activities for the Year Ended 31March 2021 |
||
|---|---|---|
| 31.3.21 | 31.3.20 | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies |
||
| Grants | 20,980 | |
| Other trading activities |
||
| Training Services | 3,800 | |
| Room Hire | 1,302 | |
| 5,102 | ||
| Investment income |
||
| Deposit account interest | 26 | 16 |
| Charitable activities |
||
| UK Online | 20,813 | |
| Sandwell MBC Funding | 156,839 | 119,656 |
| BBOProjects | 36,728 | 117,025 |
| ERDFRaise Project | 68,724 | 65,768 |
| Awards 4 All England | 9,848 | |
| RankFoundation | 10,500 | 650 |
| Embracing Change Project |
60,497 | |
| Good Things Foundation | 12,188 | |
| Other Income | 8,320 | |
| Black Country Future | 57,162 | |
| 410,958 | 333,760 | |
| Total incoming resources | 431,964 | 338,878 |
| EXPENDITURE | ||
| Charitable activities |
||
| Wages | 228,967 | 243,202 |
| Social security | 12,043 | 13,638 |
| Pensions | 5,371 | 5,606 |
| Subcontractors | 5,174 | 7,187 |
| Grants to individuals | 80 | 333 |
| 251,635 | 269,966 | |
| Support costs | ||
| Management | ||
| Rates and water | (529) | 3,385 |
| Carried forward | (529) | 3,385 |
| for the Year E | nded 31 | March 2021 | ||
|---|---|---|---|---|
| 31.3.21 | 31.3.20 | |||
| Management | ||||
| Brought forward | (529) | 3,385 | ||
| Insurance | 3,435 | 3,337 | ||
| Light and heat | 5,275 | 12,212 | ||
| Photocopier &sundry | equipment | 914 | 2,045 | |
| Telephone &broadband | 777 | 278 | ||
| Advertising | 6,820 | 841 | ||
| Sundries | 27 | 375 | ||
| Entertaining | 158 | |||
| Waste Collection | 1,061 | 878 | ||
| Travel Expenses | 1,061 | 4,433 | ||
| Staffwelfare | 6,062 | 1,693 | ||
| Postage &Stationery | 5,163 | 6,193 | ||
| ITCosts | 9,389 | 1,839 | ||
| Accountancy | Fees | 1,200 | 1,200 | |
| Professional | Fees | 1,854 | ||
| Premises Costs | 9,417 | 17,447 | ||
| Donations | 150 | |||
| Subscriptions | 1,849 | 1,496 | ||
| Bookkeeping | &Claims | 3,004 | 5,720 | |
| Fixtures and | fittings | 208 | 277 | |
| Computer equipment |
2,717 | 1,140 | ||
| 59,704 | 65,097 | |||
| Finance | ||||
| Bank charges | 182 | 300 | ||
| Total resources | expended | 311,521 | 335,363 | |
| Net income | 120,443 | 3,515 |