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2023-03-31-accounts

Page
Trustees' report 1-4
Independent
examiner's
report
Statement offinancial activities
Statement offinancial position 7-8
Statement ofcash flows
Notes to the financial statements 10-21

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
Notes 2023 2023
6		 2023
6		 2022
8		 2022f 2022
6
~nrtmttfnttn;
Donations
and
legacies 2 51,612 231,770 283,382 108,914 209,178 318,092
Charitable
activities		 3 466,537 466,537 387,644 387,644
Other trading
activities 293 293 99 99
Total income 518,442 231,770 750,212 496,657 209,178 705,835
~Ex
tttfitttt~n:
Charitable
activities		 5 503,783 231,770 735,553 417,202 217,482 634,684
Net income for the year/
Net movement in funds 14,659 14,659 79,455 (8,304) 71,151
Fund balances at 1 Apdil
2022 189,748 189,748 110,293 8,304 118,597
Fund balances at 31
March 2023 204,407 204,407 189,748 189,748

2023 2022
Notes 8
Fixed assets
Tangible assets 10 4,866 6,470
Current assets
Debtors 73,532 70,094
Cash at bank and in hand 187,990 209,361
261,522 279,455
Creditors: amounts falling due within
one year 13 (42,481) (67,677)
Net current assets 219,041 211,778
Total assets less current liabilities 223,907 218,248
Creditors: amounts falling due after
more than one year 14 (19,500) (28,500)
Net assets 204,407 189,748
Income funds
Unrestdicted
funds		 204,407 189,748
204,407 189,748

2023 2022
Notes 8 8
Cash flows from operating activities
Cash (absorbed
by)/generated		 from 20
operations (11,395) 15,802
Investing activities
Purchase oftangible
fixed		 assets (976) (593)
Net cash used in investing activities (976) (593)
Financing activities
Repayment of bank loans (9,000) (7,500)
Net cash used in financing activities (9,000) (7,500)
Net (decrease)/increase in cash and cash
equivalents (21,371) 7,709
Cash and cash equivalents at beginning ofyear 209,361 201,652
Cash and cash equivalents at end of year 187,990 209,361
The notes on pages 10to 21 form part ofthese financial statements.

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Unrestricted Unrestricted
funds funds
2623 2022
E E
293 99

Charitable Charitable
Expenditure Expenditure
2023 2022
F E
Staff costs 513,233 452,292
Depreciation
and impairment		 2,580 2,317
Food, other staff costs and other costs 6,597 4,761
Childcare resources 20,039 17,235
542,449 476,605
Share ofsupport costs (see note 6) 184,209 149,841
Share ofgovernance costs (see note 6) 8,895 8,238
735,553 634,684
Analysis
by fund
Unrestricted
funds		 503,783 417,202
Restricted funds 231,770 217,482
735,553 634,684

Support Governance 2023 Support Governance 2022
costs
f		 costs
E		 costs
f		 costs
6
Rent 54,682 54,682 47,680 47,680
Rates and water 193 193 60 60
Insurance 7,192 7,192 6,673 6,673
Light and heat 4,513 4,513 3,975 3,975
Telephone 4,558 4,558 5,689 5,689
Postage and stationery 1,774 1,774 2,680 2,680
Sunddies 2,900 2,900 4,321 4,321
Repairs and renewals 4,341 4,341 3,415 3,415
Other staff costs 78,306 78,306 51,771 51,771
Travelexpenses 3,732 3,732 1,563 1,563
Xmas and community
parties 2,466 2,466 925 925
Cleaning and waste
disposal 10,998 10,998 11,298 11,298
Computer costs 7,515 7,515 8,824 8,824
Bank Charges 198 198 107 107
Bank loan interest 841 841 860 860
Pension and employment
advice 6,295 6,295 1,405 1,405
Independant
examiners
fee 2,600 2,600 2,220 2,220
Accountancy
fees		 4,613 4,613
184,209 8,895 193,104 149,841 8,238 158,079
Analysed between
Charitable activities 184,209 8,895 193,104 149,841 8,238 158,079

8 Employees (Continued)
Employment
costs		 2023 2022f
Wages and salaries 481,130 425,130
Social security costs 25,409 20,416
Other pension costs 6,694 6,746
513,233 452,292
10 Tangible fixed assets
Equipment end computer
equipment
Cost
At 1 April 2022 9,665
Additions 976
At 31 March 2023 10,641
Depreciation
and impairment
At 1 April 2022 3,195
Depreciation
charged		 in the year 2,580
At 31 March 2023 5,775
Carrying
amount
At 31 March 2023 4,866
At 31 March 2022 6,470
11 Debtors
Amounts
falling due		 within one year: 2023f 2022f
Trade debtors 23,955 14,187
Prepayments
and accrued income		 49,577 55,907
73,532 70,094

12 Loans and overdraft s
2023 2022
B B
Bank loans 28,500 37,500
Payable within one year 9,000 9,000
Payable after one year 19,500 28,500
13 Creditors: amounts falling due within one year
2023 2022
Notes B 6
Bankloans 12 9,000 9,000
Other taxation and social security 4,519 3,706
Trade creditors 49 4,580
Other creditors 643 9,106
Accruals and deferred income 28,270 41,285
42,481 67,677
14 Creditors: amounts falling due after more than one year
2023 2022
Notes 8 8
Bank loans 12 19,500 28,500

Movement in funds Movement in funds
Balance at
t April 2021		 Incoming
resources		 Resources
expended		 Balance at
i April 2022		 Incoming
resources		 Resources
expended		 31 Balance at
March 2023
6 6 6 6 E E
Activities
Summer
Food Bank 12,407 (12,407)
BBCChildren
in Need 32,760 (32,760) 30,672 (30,672)
Cafcass 2,500 (2,500)
Co-op Local
Community 4,942 (4,942)
Harbome
Padish Lands 11,185 (11,185) 8,385 (8,385)
Hungry Little
Minds 5,000 (5,000)
Inclusion
Support 3,304 15,677 (18,981) 28,714 (28,714)
Kickstart 14,540 (14,540) 10,296 (10,296)
Ladywood
ESF 87,434 (87,434) 89,831 (89,831)
National
Literacy Trust 37,691 (37,691) 51,465 (51,465)
SMBC Family
Support 2,449 (2,449)
8,304 209,178 (217,482) 231,770 (231,770)

2023f 2022
6
Within one year 53,100 21,539
Between two and five years 25,303 13,166
78,403 34,705

West Smethwick Enterprise
is a		 company
l		 company
l		 imited
by gu		 arantee
and a		 ccordingly does not have share capital. ccordingly does not have share capital.
Every member of the company undertakes to contribute such amount as may be required
not exceeding 61 to
the assets ofthe charitable
company		 in the event of its being wound up while he or she is a member, or within
one year after he or she ceases to be a member.
20 Cash generated from operations 2023f 2022
E
Surplus for the year 14,659 71,151
Adjustments
for:
Depreciation
and		 impairment
of		 tangible
fixed assets		 2,580 2,317
Movements
in working
capital:
(Increase) in debtors (3,438) (38,813)
(Decrease) in creditors (25,196) (18,853)
Cash (absorbed by)/generated from operations (11,395) 15,802

21 Analysis ofchanges
in net funds
At 1April 2022 Cash tlowsAt 31 March 2023
8 g 5
Cash at bank and in hand 209,361 (21,371) 187,990
Loans falling due within one year (9,000) (9,000)
Loans falling due after more than one year (28,500) 9,000 (19,500)
171,861 (12,371) 159,490