# 



## 

## 

## 

## 



## 

## 

||||Page|
|---|---|---|---|
|Trustees'|report||1-4|
|Independent<br>examiner's<br>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<br>6|2023<br>6|2022<br>8|2022f|2022<br>6|
|~nrtmttfnttn;|||||||||
|Donations<br>and|||||||||
|legacies||2|51,612|231,770|283,382|108,914|209,178|318,092|
|Charitable<br>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<br>tttfitttt~n:|||||||||
|Charitable<br>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<br>funds|||||204,407||189,748|
||||||204,407||189,748|





## 

## 

## 

## 



## 

## 

## 

||||||||2023||2022||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Notes|8||8||
|Cash flows from operating||||activities|||||||
|Cash (absorbed<br>by)/generated||||from||20|||||
|operations||||||||(11,395)||15,802|
|Investing|activities||||||||||
|Purchase|oftangible<br>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.||||





## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



||||l40||N<br>N<br>O<br>N|W|N<br>OI<br>O<br>CO||||O<br>O<br>O||0 <br>LO <br>I<br>N|O <br> N <br>IA<br>CQ|O <br> O <br>IA<br> N|N <br> d<br>CD<br> d|O<br>CO<br> d|LA<br>CD|I<br>CA<br>O|'|0 <br>d<br>O <br>LA<br>N|d<br>LD<br> d<br>I<br>CD|OI <br>CO <br>I<br>CD|CD<br> N<br> N<br>O <br> d|Ol<br>CO<br> 'cf<br>Ol|CDO<br>CO|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||'0<br>41 <br>0<br>N|14<br> '0<br>C<br>4|N<br>N<br>CI|Cll|CD<br>CDO||||||O <br>Co <br>I|O <br> N <br>ul<br>CL|0 <br> 0<br>IA<br> N|OI|L|LA<br>CD|L||O<br>d|4<br>CD|OI <br> N|LO<br> O||CD<br>01<br>ON|
||||41||||||||||||||||||||||||
|||||N'00|N<br>N<br>CI<br>N|W|01<br>gjO||||O<br>Cl<br>CL|||I|||O<br>CA|'|I<br>O|L|O<br>IA<br>CL|||Cl<br>Cl|CD<br>Cl<br> dN||
||||410||||||||||||||||||||||||
||||IO||N<br>O<br>N|W|N<br>CO<br>CA<br>CD|||||I <br>O|N»<br>I<br>Cl<br>0<br>CA|||'|DC<br>CD<br>CD|LA<br>CD<br>CD<br>CD|'|d<br>I<br>CD <br>N|CO<br>OI<br>N<br> O|CA <br>CD <br>CD<br>CD|LA<br> 41 <br> d<br>IA|CA<br> N<br>I<br>CD||CD<br>CD<br>N|
||||'0<br>Cl0|W'0<br>L<br>4|N<br>N|Ol|O<br>I<br>I<br>CD<br>N||||I|I<br>O <br>N|N<br> I<br>CO<br> O<br>CD||I|I||LA<br>LO<br>CD|I|d<br>CD <br>N|CI<br>LD<br>N<br> O|CD<br>CD<br>CD<br>CD|IA<br>CO<br>IA|'|L|CL|
||||'Cl|W<br>TIC|NO<br>N|W|N<br>Lo||||||I||L|L|CD<br>CO<br>CO|L|L|||||I<br>CD||CO|
||||||||LA|||||||||||||||||||LA|
||||Cl||||||||||||||||||||||||
||||410||||||||||||||||||||||||
||||||||||41||||||||||||||||||
||||||||||Ct||||||||||||||||||
|Cl<br>Ul|||||||||0E||||||||||||||||||
|XI-X0<br>O|||||||||C1<br>0<br>010||||||||||||||||||
|NI-X<br>UlX|Cd<br>Cb||||||||||||||||||||||||||
|UlI-|||||||||0||||||||||||||||||
|I-|||||||||0|IC<br>41|||||||||||||||||
|N|||||||||C1<br>CD|D|||||||||||||||||
||||||||||E||||||||||||||||||
|cL'0X<br>cL'X<br>IUzI-<br>I-0<br>N<br>IUI-0X|0<br>0<br>4l<br>C<br>4l<br>4l<br>0|W<br>Cl0<br>14<br>CD<br>41<br>'0<br>C<br>CI<br>WL0<br>14C0O|||||0<br>Tl<br>Cl<br>4100<br>N<br>Cl|0<br>CI<br>N<br>NN<br>N<br>N<br>41 N<br>0<br>O<br>C1<br>0C)I-||00<br>L0<br>8 <br>L <br>LC<br>LI|L<br>N<br>?<br>O<br>0<br>IL<br> C<br> 0<br> cC|C<br>LC<br>'0<br>O<br>E 0<br>E c<br>N<br>CO C<br>41?<br>14.—O<br>.Z O<br>C( 10||0<br>0<br>LC<br>O<br>EO<br>c<br>CA<br>OI LC<br>.E 0<br>E o-<br>CO 0||C<br>E<br>0<br>0<br>IC<br>aE <br>0 IU||N<br>'0L<br>Cl<br>C<br>Q<br> o<br> Z|CO <br>Z|0<br>CL<br>CC<br> 4)<br>0<br>N<br>O<br>C|Ci <br>V|CO<br>III<br> g<br> a|0<br>Cl<br>Cl<br>CI<br>0c Q<br>CA<br>ZIA)||||





|0 <br>0 <br>N|N<br>N<br>0<br> cc||W||||N<br>CI cc<br>OO<br>I- Ol|N<br>CI cc<br>OO<br>I- Ol||
|---|---|---|---|---|---|---|---|---|---|
||||||||4I|||
||||||||E|||
|CI<br>0 <br>I|cc<br>LV<br>0<br>N|||I<br>CO<br>CO|cO<br>LO<br>CO||80|||
|||||LO||||||
|4I||~4|W|||||||
|E||CC0||||||||
|8C||CC||||||||
|4I||||||||||
|0||||||||||
|ClD0||IC<br>N<br>cc|W|LO||IO||||
|||||||Ct||||
|4I||||||||||
||||||||CC|||
|cl0.||IC<br>cc|Cl||||ION|||
|4I<br>N||cv|||||0|||
|0a<br>4I||IC<br>N|W|Ctl|||Ol 0<br>0<br>4IC<br>C!.0<br>4I IO|||
|N||CC||Ctl|||N|||
|||||CO||CO||||
|C||||||||||
||||||||||CV|
|Ol IC<br>C<br>CtC<br>a 0<br>Ct IO<br>IO||CC<br>N<br>CI<br>N|W|Ol<br>LO<br>CO<br>CO|I||0||LO<br>Ol|
|||Cl<br>N|ttl||I||8|||
|a<br>O.||CC<br>N||LO||||||
||||||||00|||





## 

## 

## 

## 

|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<br>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<br>by fund||||
|Unrestricted<br>funds||503,783|417,202|
|Restricted funds||231,770|217,482|
|||735,553|634,684|





## 

## 

## 

|||Support|Governance|2023|Support|Governance|2022|
|---|---|---|---|---|---|---|---|
|||costs<br>f|costs<br>E||costs<br>f|costs<br>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<br>examiners||||||||
|fee|||2,600|2,600||2,220|2,220|
|Accountancy<br>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<br>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<br>and impairment||||
||At 1 April 2022|||3,195|
||Depreciation<br>charged|in the year||2,580|
||At 31 March 2023|||5,775|
||Carrying<br>amount||||
||At 31 March 2023|||4,866|
||At 31 March 2022|||6,470|
|11|Debtors||||
||Amounts<br>falling due|within one year:|2023f|2022f|
||Trade debtors||23,955|14,187|
||Prepayments<br>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<br>t April 2021|Incoming<br>resources|Resources<br>expended|Balance at<br>i April 2022|Incoming<br>resources|Resources<br>expended|31|Balance at<br>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<br>6|
|---|---|---|
|Within one year|53,100|21,539|
|Between two and five years|25,303|13,166|
||78,403|34,705|



## 

## 

||West Smethwick|Enterprise<br>is a|company<br>l|company<br>l|imited<br>by gu|arantee<br>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<br>not exceeding 61 to||
||the assets ofthe|charitable<br>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<br>E|
||Surplus for the year||||||14,659|71,151|
||Adjustments<br>for:||||||||
||Depreciation<br>and|impairment<br>of|tangible<br>fixed assets||||2,580|2,317|
||Movements<br>in working<br>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<br>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|