2021-08-31-accounts - Shine@nechellspod

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Company registration number: CE003479 Charity registration number: 1162038

SHINE@NechellsPOD

(A company limited by guarantee)

Annual Report and Financial Statements

for the Year Ended 31 August 2021

Bissell & Brown Midlands Limited Chartered Certified Accountants Charter House 56 High Street Sutton Coldfield West Midlands B72 1UJ

SHINE@NechellsPOD

Contents (continued)

Reference and Administrative Details	1
Trustees' Report	2 to 4
Statement of Trustees' Responsibilities	5
Independent Examiner's Report	6
Statement of Financial Activities	7
Balance Sheet	8
Notes to the Financial Statements	9 to 19

SHINE@NechellsPOD

Reference and Administrative Details

Trustees P Freeman S Tesfamicael R Walker D Hughes S Todd N Plummer N A Flynn S Cross Principal Office The POD 28 Oliver Street Nechells Birmingham West Midlands B7 4NX Company Registration Number CE003479 Charity Registration Number 1162038 Accountants Bissell & Brown Midlands Limited Chartered Certified Accountants Charter House 56 High Street Sutton Coldfield West Midlands B72 1UJ

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SHINE@NechellsPOD

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 August 2021.

Objectives and activities

Objects and aims

The objects of the Charity include:

To develop the capacity and skills of the members of the socially and economically disadvantaged community of Nechells in such a way that they are better able to identify and help meet their needs and participate more fully in society.

To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society. For the purposes of this object ‘socially excluded’ means being excluded from society, or parts of society, as a result of one or more of the following – youth, age, disability, financial hardship, ill health, unemployment, substance abuse, discrimination on the grounds of ethnicity, gender, sexual orientation, religion or poor educational or skills attainment.

To advance education, training and development in such ways as the trustees think fit.

Public benefit

The activities undertaken to further public benefit is stated in the objectives and activities above.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Achievements and performance

During 2020-2021, Nechells POD have delivered activities and provided services to over 1,000 community members. This has been via digital and in person methods. The Covid-19 pandemic has continued to have an impact on the local community and the services which can be delivered from Nechells POD. To this day we are constantly changing and updating our policies and our methods of delivery, to ensure that the safety of POD staff, volunteers and local citizens remains paramount.

September 2020 saw restrictions being lifted from lockdown 2 and enabled some face to face activities to begin. Table Tennis equipment was purchased for families to use in sessions after school hours, and coffee mornings for the over 50’s started again, much to the relief of the participants. These activities were enhanced by the ongoing digital support previously delivered including the Click project, which enabled members of the community to stay in touch with one another, and POD staff would hold quizzes and bingo. This was an extension to the Keep in Touch project from the previous year.

The Nechells POD befriending service and wellbeing checks continued to ensure those isolating, or not wanting to attend Nechells POD, were kept informed of what was happening, as well as having contact with someone if they were unwell or needed emergency assistance such as food parcels, fuel vouchers etc.

Unfortunately, another lockdown and a tier system, which placed Birmingham as high risk, meant that we were unable to resume services at a normal capacity.

Emergency funding to provide food for those in need due to Covid-19 was received in January, and the Talking Tables project was hailed a huge success, with people not only receiving support by means of food, but also because Talking Tables encouraged people to share what they had produced with others, and new friendships were also formed. Networks were developed with FareShare and Tesco’s Community Champions, and we were able to continue a foodbank and food parcels for those community members who were suffering from food poverty and were in need of this support.

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SHINE@NechellsPOD

Trustees' Report (continued)

The restrictions were finally starting to reduce in Spring 2021, when we were able to reintroduce coffee mornings outside using the gazebos and outdoor furniture. It was well attended and the feedback received showed a general consensus that people were glad to finally be able to meet up and regain some normality back in their lives. Coffee mornings continued and we had a successful Great Get Together, albeit on a smaller scale than previously, but a good time was had by all, even in the pouring rain!

SHINE@NechellsPOD held a fantastic summer of activities, with events being provided over four weeks, with Holiday Activity Funding via StreetGames. Forty-five children attended each day and took part in arts & crafts and sports activities, with food being provided. A Commonwealth Games roadshow was also held on the car park where everyone got to have a go at squash and wrestling, Perry the Bull also made an appearance. Excursions to Birmingham REP, a golf tournament at Cannon Hill Park and a trip to Dudley Zoo, saw a further 44 children participating. Unfortunately, one of the Dudley Zoo trips was overshadowed by the minibus being involved in an accident on the return journey, which is still being resolved by insurance companies. Over 100 holiday activity packs were made up and given out to children who were unable to attend the holiday scheme or excursions.

The next 12 months will bring lots of exciting projects and opportunities for the community members in Nechells. We hope to support more people with our Welfare Advice and Guidance sessions, stay and play and women’s wellness group, whilst continuing to improve the service delivery of our current activities.

Bloomsbury Library also reopened with a staggering 77 children taking part in the Summer Reading Challenge. This figure, when compared to the figure of just 78 children in Sutton Coldfield library, shows how much the library extension is needed. Many barriers have been raised during the last 4 years and progress is still extremely slow. Nechells POD continues to express our need for the library extension.

Financial review

Government Covid grants were successfully applied for and funding was administered by Birmingham City Council. In addition the SENDIASS Team continued to operate from the POD during the pandemic and the need to allow appropriate distancing by the use of additional rooms at the POD resulted in additional rental income which we have been able to allocate to the reserve funding. These have been identified for future salary payments to enable the continuation of the charity while addition funding is sourced.

Policy on reserves

The reserves amount to £232,555 (See Operating Reserves Fund Ending Balance in the Trustee report date 7th September 2021). The Community Fund Lottery and Henry Smith funding grant both finish in early 2022. These reserves are held to enable the Charity to continue to function and pay staff salaries in the short term.

Structure, governance and management

Nature of governing document

The governing document covering the charity is CIO - Foundation Registered dated 5th June 2015.

Recruitment and appointment of trustees

Existing trustees and employees can propose the recruitment and appointment of new trustees which would be put to a meeting of the existing trustees and senior employees.

Organisational structure

The charity is an incorporated charitable organisation.

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SHINE@NechellsPOD

Trustees' Report (continued)

Financial instruments

Objectives and policies

The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.

Cash flow risk

The charity’s activities expose it primarily to the financial risks of changes in interest rates. Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.

Credit risk

The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.

The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.

The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.

Liquidity risk

Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

The annual report was approved by the trustees of the charity on 1 December 2021 and signed on its behalf by:

SIGNED SECURELY SIGNED SECURELY 21/02/2022 at 12:00:21 PM UTC 17/02/2022 at 2:06:41 PM UTC ......................................... ......................................... P Freeman N A Flynn Trustee Trustee

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SHINE@NechellsPOD

Statement of Trustees' Responsibilities

The trustees (who are also the directors of SHINE@NechellsPOD for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees of the charity on 1 December 2021 and signed on its behalf by:

SIGNED SECURELY

21/02/2022 at 12:00:21 PM UTC

......................................... P Freeman Trustee

SIGNED SECURELY 17/02/2022 at 2:06:41 PM UTC

......................................... N A Flynn Trustee

Page 5

SHINE@NechellsPOD

Independent Examiner's Report to the trustees of SHINE@NechellsPOD

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2021 which are set out on pages 7 to 19.

Respective responsibilities of trustees and examiner

As the charity’s trustees of SHINE@NechellsPOD (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of SHINE@NechellsPOD are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

Since SHINE@NechellsPOD's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ACCA, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of SHINE@NechellsPOD as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

...................................... Bissell & Brown Midlands Limited Chartered Certified Accountants ACCA

Charter House 56 High Street Sutton Coldfield West Midlands B72 1UJ

3 February 2022

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SHINE@NechellsPOD

Statement of Financial Activities for the Year Ended 31 August 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Unrestricted £ 172,340 10,795	Restricted £ 136,282 -	Total 2021 £ 308,622 10,795
183,135	136,282	319,417
(77,731)	(107,146)	(184,877)
(77,731)	(107,146)	(184,877)
105,404 (63)	29,136 63	134,540 -
105,341 55,510	29,199 42,505	134,540 98,015
160,851	71,704	232,555
	Restricted funds £ 108,393 108,393 (70,319) (70,319) 38,074 38,074 4,431 42,505	Total 2020 £ 232,855
		232,855
		(160,485)
		(160,485)
		72,370
		72,370 25,645
		98,015

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2020 is shown in note 12.

The notes on pages 9 to 19 form an integral part of these financial statements. Page 7

SHINE@NechellsPOD

(Registration number: CE003479) Balance Sheet as at 31 August 2021

Note Fixed assets Tangible assets 8 Current assets Debtors 9 Cash at bank and in hand 10 Owed by/(from) associated undertakings Trade creditors (R1, BS) Other creditors Accruals (R1, BS) Creditors: Amounts falling due within one year 11 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds 12 Unrestricted income funds Unrestricted funds Total funds 12	2021 £ 1,525 66,845 256,638 323,483 (376) (10,276) (80,901) (900) (92,453) 231,030 232,555 71,704 160,851 232,555	2020 £ - 1,080 115,158
		116,238
		- (12,793) (2,610) (2,820)
		(18,223)
		98,015
		98,015
		42,505 55,510
		98,015

For the financial year ending 31 August 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors' responsibilities:

The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements on pages 7 to 19 were approved by the trustees, and authorised for issue on 1 December 2021 and signed on their behalf by:

The notes on pages 9 to 19 form an integral part of these financial statements.

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SHINE@NechellsPOD

Notes to the Financial Statements for the Year Ended 31 August 2021

1 Charity status

The charity is limited by guarantee, incorporated in England and Wales , and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

The address of its registered office is:

The POD 28 Oliver Street Nechells Birmingham West Midlands B7 4NX

These financial statements were authorised for issue by the trustees on 1 December 2021.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.

Basis of preparation

SHINE@NechellsPOD meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The financial statements are prepared in GBP Sterling, and rounded to the nearest pound.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

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SHINE@NechellsPOD

Notes to the Financial Statements for the Year Ended 31 August 2021 (continued)

2 Accounting policies (continued)

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.

Government grants

Government grants are recognised when they are received, with a proportion included in accrued income if there is a likelihood that all or part of the grant will need to be refunded.

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SHINE@NechellsPOD

Notes to the Financial Statements for the Year Ended 31 August 2021 (continued)

2 Accounting policies (continued)

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £250.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Asset class Depreciation method and rate Fixtures and fittings 20% net book value

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

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SHINE@NechellsPOD

Notes to the Financial Statements for the Year Ended 31 August 2021 (continued)

2 Accounting policies (continued)

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

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Notes to the Financial Statements for the Year Ended 31 August 2021 (continued)

2 Accounting policies (continued)

Debt instruments

Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:

(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.

(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.

(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).

(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.

(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.

(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).

Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.

With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.

Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.

Investments

Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.

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Notes to the Financial Statements for the Year Ended 31 August 2021 (continued)

2 Accounting policies (continued)

Derivative financial instruments

The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.

Fair value measurement

The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

3 Income from donations and legacies

Donations and legacies; Donations from companies, trusts and similar proceeds Donations Grants, including capital grants; Grants from companies Total for 2021 Total for 2020	Unrestricted funds General £ 97,301 75,039 - 172,340 124,462	Restricted funds £ - 93,075 43,207 136,282 108,393	Total funds £ 97,301 168,114 43,207
			308,622
			232,855

4 Expenditure on charitable activities

In addition to the expenditure analysed above, there are also governance costs of £184,877 (2020 - £160,485) which relate directly to charitable activities. See note 12 for further details.

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Notes to the Financial Statements for the Year Ended 31 August 2021 (continued)

5 Trustees remuneration and expenses

During the year the charity made the following transactions with trustees:

N A Flynn

N A Flynn received remuneration of £7,500 (2020: £Nil) during the year.

Remuneration was paid for covering the work of a project manager when in between appointments.

The trustees agreed to pay one of the trustees for the use of her services to cover the work of a project manager after one left the employment of the charity, until a new appointment was made.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

6 Staff costs

The aggregate payroll costs were as follows:

The aggregate payroll costs were as follows:
Staff costs during the year were: Wages and salaries Social security costs Pension costs Other staff costs	2021 £ 103,595 4,090 1,264 565 109,514	2020 £ 107,441 3,791 470 630
		112,332

The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows:

Management and administration	2021 No 6	2020 No 6

5 (2020 - 5) of the above employees participated in the Defined Contribution Pension Schemes.

Contributions to the employee pension schemes for the year totalled £1,695 (2020 - £881).

No individual employee received emoluments of more that £60,000 during the year.

7 Taxation

The charity is a registered charity and is therefore exempt from taxation.

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Notes to the Financial Statements for the Year Ended 31 August 2021 (continued)

8 Tangible fixed assets

8 Tangible fixed assets
Cost At 1 September 2020 Additions At 31 August 2021 Depreciation At 1 September 2020 Charge for the year At 31 August 2021 Net book value At 31 August 2021 At 31 August 2020	Furniture and equipment £ - 1,525	Total £ - 1,525 1,525 - - - 1,525 -
	1,525
	- -
	-
	1,525
	-

No depreciation was charged during the year as the assets were purchased from Nechells POD CIC on the last day of the accounting period.

9 Debtors

Trade debtors Prepayments 10 Cash and cash equivalents Cash at bank	2021 £ 65,160 1,685 66,845 2021 £ 256,638	2020 £ - 1,080
		1,080
		2020 £ 115,158

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SHINE@NechellsPOD

Notes to the Financial Statements for the Year Ended 31 August 2021 (continued)

11 Creditors: amounts falling due within one year

Trade creditors Due to group undertakings Other creditors Accruals 12 Funds Unrestricted funds *Other* Other Unrestricted Funds A Unrestricted funds *General* POD Sustainability Donations and grants *Designated* Henry Smith Charity Total unrestricted funds	Balance at 1 September 2020 £ 39,467 - 39,467 16,043 55,510	Incoming resources £ 97,301 51,084 148,385 34,750 183,135	Resources expended £ - (40,144) (40,144) (37,587) (77,731)	2021 £ 10,276 376 80,901 900 92,453 Transfers £ (63) (63) Transfers £ - (63) (63) - (63)	2020 £ 12,793 - 2,610 2,820
					18,223
					Balance at 31 August 2021 £ (63)
					(63)
					Balance at 31 August 2021 £ 136,768 10,877
					147,645 13,206
					160,851

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SHINE@NechellsPOD

Notes to the Financial Statements for the Year Ended 31 August 2021 (continued)

12 Funds (continued) Restricted funds All Of Us Happy Healthy Holidays NNS Talking Tots Doing Things Differently Groundworks Total restricted funds Total funds Unrestricted funds *General* POD Sustainability Donations and grants *Designated* Henry Smith Charity Total unrestricted funds Restricted All Of Us Happy Healthy Holidays NNS Talking Tots Doing Things Differently Total restricted funds Total funds	Balance at 1 September 2020 £ 22,093 (63) 3,397 1,818 15,260 - 42,505 98,015	Incoming resources £ 93,075 - 32,940 - - 10,267 136,282 319,417 Balance at 1 September 2019 £ 16,968 - 16,968 4,246 21,214 4,431 - - - - 4,431 25,645	Resources expended £ (66,235) - (16,841) (1,818) (13,140) (9,112) (107,146) (184,877) Incoming resources £ 58,436 31,276 89,712 34,750 124,462 71,022 - 19,861 2,250 15,260 108,393 232,855	Transfers £ - 63 - - - - 63 - Resources expended £ (35,937) (31,276) (67,213) (22,953) (90,166) (53,360) (63) (16,464) (432) - (70,319) (160,485)	Balance at 31 August 2021 £ 48,933 - 19,496 - 2,120 1,155
					71,704
					232,555
					Balance at 31 August 2020 £ 39,467 -
					39,467 16,043
					55,510
					22,093 (63) 3,397 1,818 15,260
					42,505
					98,015

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SHINE@NechellsPOD

Notes to the Financial Statements for the Year Ended 31 August 2021 (continued)

12 Funds (continued)

The specific purposes for which the funds are to be applied are as follows:

1) All Of Us - In addition to the community activities, the Community Lottery Funds the salary for the Project Manager and the management of this post, there is also funding included for utilities and running costs. We were awarded additional funding, under the 'New Prospects Project' for a new post as Employment and Welfare Officer, to run alongside the main funding; this covers the salary for 2.5 days per week for the Welfare and Community Support Role.

2) Henry Smith - this grant was to support the POD for three years finishing in 2022, it is totally unconditional does not have any restrictions on what the funding is used for, within the POD, so it has been used for a variety of things and will be used to settle the final invoice for the outside covered area.

3) NNS - In addition to the salary for the Project Manager for three days per week, this funding also includes an amount for the use of desk space and support at the POD and payment for meetings, mobile telephones and travel costs.

4) Talking Tots - this was funding which enabled the POD to set up a toy library. The funding for this project has now ceased. 5) Doing Things Differently - this funded an Out of Hours Activity Coordinator (this role ceased on 12th September 2021) and outdoor equipment (tables and chairs).

6) Groundworks/ HS2 - Project Title - Give and Gain - this funds the salary for the Volunteer Coordinator Post. This is a three year post until August 2023.

13 Related party transactions

During the year the charity made the following related party transactions:

Nechells POD CIC

Expenditure incurred by SHINE was covered by income received from Nechells POD CIC, an organisation that operates from shared premises and has a common trustee. Donations were made to SHINE during the year by Nechells POD CIC from income it generated from hiring rooms and mini-buses. A total of £97,301 (2020 - £53,900) was made from this income for non-conditional donations during the year. A £2,610 (2020 - £7,000) donation due to SHINE was transferred from Nechells POD CIC during the year. SHINE loaned Nechells POD CIC £200 during the year, which was repaid. At the end of the financial year, SHINE purchased the assets from Nechells POD CIC for £1,525, deemed to be the market value. At the balance sheet date the amount due to Nechells POD CIC was £376 (2020 - £2,610).

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SHINE@NechellsPOD

Statement of Financial Activities by fund for the Year Ended 31 August 2021

Unrestricted Funds

Unrestricted Funds
Income and Endowments from: Donations and legacies Other trading activities Total income Expenditure on: Charitable activities Total expenditure Net income Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward	Total Unrestricted Funds 2021 £ 172,340 10,795 183,135 (77,731) (77,731) 105,404 (63) 105,341 55,510 160,851	Total Unrestricted Funds 2020 £ 124,462 -
		124,462
		(90,166)
		(90,166)
		34,296 -
		34,296 21,214
		55,510

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SHINE@NechellsPOD

Statement of Financial Activities by fund for the Year Ended 31 August 2021 (continued)

Restricted Funds

Restricted Funds
Income and Endowments from: Donations and legacies Total income Expenditure on: Charitable activities Total expenditure Net income Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward	Total Restricted Funds 2021 £ 136,282 136,282 (107,146) (107,146) 29,136 63 29,199 42,505 71,704	Total Restricted Funds 2020 £ 108,393
		108,393
		(70,319)
		(70,319)
		38,074 -
		38,074 4,431
		42,505

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SHINE@NechellsPOD

Detailed Statement of Financial Activities for the Year Ended 31 August 2021

Income and Endowments from: Donations and legacies (analysed below) Other trading activities (analysed below) Total income Expenditure on: Charitable activities (analysed below) Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward	Total 2021 £ 308,622 10,795 319,417 (184,877) (184,877) 134,540 134,540 98,015 232,555	Total 2020 £ 232,855 -
		232,855
		(160,485)
		(160,485)
		72,370
		72,370 25,645
		98,015

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SHINE@NechellsPOD

Detailed Statement of Financial Activities for the Year Ended 31 August 2021 (continued)

*Donations and legacies* Appeals and donations (R1, DL) Donations Appeals and donations (U1, DL) Revenue from Nechells POD Fees and supplies Community consultation and social media Unrestricted Donations *Other trading activities* Rental income *Charitable activities* Community activities Community activities Charitable donations Wages and salaries (Restricted) Wages and salaries (Unrestricted) Staff NIC (Employers) Staff NIC (Employers) (unrestricted) Staff pensions (Defined contribution) - pension scheme Staff pensions (Defined contribution) - pension scheme (unrestricted) Staff training Travelling Travelling (unrestricted) Rates Heat, light and water (Restricted) Insurance (Unrestricted) Repairs and maintenance Repairs and maintenance (unrestricted) Security (unrestricted) Office expenses General expenses Computer software and maintenance costs Computer software and maintenance costs (unrestricted) Accountancy fees Accountancy fees (unrestricted) Professional fees Professional fees (unrestricted)	Total 2021 £ - 93,075 - 97,301 1,162 43,207 73,877 308,622 10,795 10,795 (24,906) (7,674) (290) (55,644) (47,951) (4,090) (3,450) (1,264) (430) (565) - (1,320) (464) (7,116) (3,175) (425) (3,447) (618) (2,391) (2,411) (4,982) (1,394) - (2,766) (5,299) (2,568)	Total 2020 £ (4,536) 110,679 39,286 53,900 - 2,250 31,276
		232,855
		-
		-
		(10,497) (2,049) - (46,255) (61,186) (3,791) (3,323) (470) (412) (630) (308) (2,768) (81) (6,328) (2,394) - (7,667) (888) (420) (6,265) (71) (726) (1) (2,298) (1,467) -

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SHINE@NechellsPOD

Detailed Statement of Financial Activities for the Year Ended 31 August 2021 (continued)

Bank charges (unrestricted)	Total 2021 £ (237) (184,877)	Total 2020 £ (190)
		(160,485)

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