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2024-09-30-accounts

Company number: 748773 Charity Number: 244866

Birmingham Industrial Therapy Association Limited Operating as Better Pathways

Report and financial statements For 18 months: 1 April 2023 - 30 September 2024

Birmingham Industrial Therapy Association Limited

Contents

For the 18 months ended 30 September 2024

Reference and administrative information ...................................................................................... 1 Annual Report of the Trustees and Chief Executive ........................................................................ 2 Independent auditor’s report ....................................................................................................... 24 Statement of financial activities (incorporating an income and expenditure account) ................... 29 Balance sheet ............................................................................................................................... 30 Statement of cash flows ................................................................................................................ 31 Notes to the financial statements ................................................................................................. 32

Birmingham Industrial Therapy Association Limited

Reference and administrative information

For the 18 months ended 30 September 2024

Company number 748773
Country of incorporation United Kingdom
Charity number 244866
Country of registration England & Wales
Operating Name Better Pathways
Registered office and 201-206 Alcester Street
operational address Birmingham
B12 0NQ
Trustees Trustees, who are also directors under company law, who served
during the period and up to the date of this report were as follows:
Mr David Tucker (Chair)
Dr Martin Commander
Ms Chaitali Desai (Resigned 10 December 2024)
Ms Janine Garvie-Cole
Ms Kimara Sharpe (Resigned 1 March 2024)
Mr Nick Baxter (Resigned 24 September 2024)
Mr Sean Russell (Joined 11 January 2024)
Key management personnelMs Sue Roberts Key management personnelMs Sue Roberts Chief Executive and Company Secretary Chief Executive and Company Secretary
Bankers CAF Bank Ltd Lloyds Bank Unity Trust Bank
25 Kings Hill Avenue PO Box 100 4 Brindley Place
Kings Hill, West Mailing Andover Birmingham
ME19 4JQ BX1 1LT B1 2JB
Solicitor Shakespeare Martineau
Somerset House Temple Street
Birmingham
B2 5DJ
Auditor Sayer Vincent LLP
Chartered Accountants and Statutory Auditor
110 Golden Lane
London
EC1Y 0TG

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Birmingham Industrial Therapy Association Limited

Annual Report of the Trustees and Chief Executive

For the 18 months ended 30 September 2024

The trustees and Chief Executive present their report and the audited financial statements for the 18 months ended 30 September 2024.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the requirements of a directors’ report as required under company law, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Our Aims

The aims of the Charity as set out in the Articles of Association are to:

1 help people with mental health issues and learning difficulties and disabilities to secure opportunities for volunteering, training and education and progress them towards paid employment,

2 provide training and education to organisations that will support them to safeguard the mental health and wellbeing of their employees and other stakeholders,

3 deliver support programmes through our social enterprises to grow beneficiaries' confidence, sense of self-esteem and independence to enable them to stay well and take part in activities as full members of their communities,

4 provide mental health and wellbeing support to NHS and Local Authority client groups to enhance their potential for recovery and independent living, and

5 provide support to the carers of our beneficiaries, chiefly but not limited to the respite provided to families and carers arising from the participation of beneficiaries in the charity's activities.

Our Values

Inclusivity: we welcome without prejudice or judgement all those who want our help Tenacity: we strive tirelessly to do our best for those we serve Empowerment: we build confidence in people to help them become self-supporting Integrity: we are kind, honest and fair in all our dealings Partnership: we work together with our stakeholders to further our collective aims

Our Services and Support

Registered as a mental health charity on the 1st February 1963 and located in Alcester Street, Digbeth, since 1973, Better Pathways supports some of the most vulnerable people in our communities to move into paid employment, education, training and volunteering. We work with people with severe and enduring mental illness, with mild to moderate poor mental health, with learning difficulties, learning disabilities and with other neurodiverse conditions. Participants come with a range of skills deficits and other support needs, for example, basic numeracy and literacy required in the workplace, with mobility problems, including poor manual dexterity, with travel anxieties, with varying intellectual capacities for basic and complex tasks and with personal circumstances impacting, for example, on familial relationships, housing, and economic

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Birmingham Industrial Therapy Association Limited

Annual Report of the Trustees and Chief Executive

For the 18 months ended 30 September 2024

wellbeing. The job of our experienced teams is to meet all needs holistically. Delivered in our social enterprises, or out in the community under contract to the statutory sector, we work with programme participants to develop their skills, general work preparedness, confidence, selfbelief, and resilience to help them achieve their vocational aspirations. The strengths-based approach we take seeks to empower participants on their journey towards an economically and socially active life, lived as independently as possible in good mental health so that they can enjoy the full range of community activities and services that others in society take for granted.

Our Social Enterprises

Better Packing: We are a valued supply chain partner, providing parts assembly, packing and light engineering services to businesses in Birmingham, the West Midlands and beyond, supporting our commercial customers to manufacture products to the highest quality and to deliver to their customers right first time every time and on time. Our participants undertake parts assembly and packing work of lower levels of complexity freeing up our commercial customers’ employees to do the higher-level skilled work that only they can do. We assemble, pack, label, rework and quality check a wide range of products including, a wide range of fixtures and fittings, including fabricated metal products, healthcare products, plumbing and electrical products, vehicle parts and batteries. We unpack and repack products from bulk to small packs for retail and undertake re-work including, re-labelling, re-pricing, and flaw corrections. We work with electronics manufacturers, vehicle manufacturers, stationery suppliers and printers, distributors of health, homecare, and retail

supplies, building trade manufacturers, gas and drainage component makers, hospital equipment suppliers, government, and community-oriented organisations.

Better Signage : Better Signage specialises in the design and production of interior and exterior signage, name badges, vehicle graphics, promotional banners, large format vinyl printed signs and posters, vinyl lettering and corporate gifts. We provide engraving and printing services and we have an inhouse graphics team. We work with a range of organisations including the NHS, housing associations, councils, schools, construction companies and other businesses in Birmingham and beyond.

Better Woodwork : We produce items for sale made from reclaimed and donated timber. We are proud of the legacy left by our connection with students from the Edinburgh Napier University, who designed products for our participants to craft based on a shared understanding of the skills, tools, and resources we have at our disposal. Our woodwork team can produce items for the garden or home and is increasingly manufacturing bespoke awards for employee celebratory events, working in collaboration with our signage team on innovative engraved designs that are manufactured from reclaimed materials, including wood.

Our social enterprises are the vehicle through which we work with participants to develop their skills and confidence, preparing them for their journey into paid employment. Our Vocational Pathways Programme: Learning, Independence, Volunteering, Employment (LIVE) adds significant social value to the supply chains of our commercial customers and makes a long-term positive social impact on the lives of our participants. Common to all three of the pathways delivered through this programme are the opportunities it affords to make new friends and build relationships.

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Birmingham Industrial Therapy Association Limited

Annual Report of the Trustees and Chief Executive

For the 18 months ended 30 September 2024

Pathway 1: The 12-week employment preparation pathway covers 6 stages of support, overseen by a senior vocational specialist: co-produced person-centred support agreements, vocational skills and strengths assessment, basic skills development, personal impact awareness, external placement (if desired) and graduation with a personal resilience plan. Attendance on this pathway costs £45 per day which in most cases is covered by a participant’s personal budget or through a social worker spot purchase arrangement. Participants can choose to self-fund. We are delighted to report a new corporate sponsorship arrangement with Oaklands International, based in Redditch, who are sponsoring four participants a year through this pathway.

Pathway 2: The meaningful day activities pathway, an alternative for participants that would otherwise attend social care funded day centre activities, is designed to stimulate, excite, and challenge participants. The range of activities provided is designed to be undertaken independently

or in groups where participants can socialise, share thoughts, feelings, experiences, whilst engaging in their chosen activities. The activities present opportunities for participants to engage with others whilst at the same time developing practical skills, dexterity, and emotional wellbeing. Above all, we aim for participants to enjoy their day. Attendance on this pathway costs £35 per day which in most cases is covered by a participant’s personal budget or through a social worker spot purchase arrangement. Participants can choose to self-fund.

Pathway 3 : This pathway is for participants for whom employment is not a desired outcome and whose needs for support are much less complex than those attending for meaningful day opportunities. These participants are the longest serving at Better Pathways, receiving support from our participant support team to manage the areas of their lives where they need it the most for a full and rewarding life and independent living. Participants on this pathway will typically need support to manage their finances, tenancy arrangements, access to health and social care services and their relationships. This pathway is free to attend.

Our participant support team works closely with participants across all three pathways to ensure their aspirations are reflected in person-centred support plans with the aim being to encourage those with the potential to do so to move into paid employment.

Our Statutory Sector Projects

Our teams of employment specialists work on a 1:1 basis with people aged 16+ needing our support to move into paid employment, education and training. Activities include vocational planning, skills assessment, CV writing support, job searching, interview preparation, and in-work support. Our specialists signpost to education and training opportunities, working with partner organisations to add value where possible. A recent innovation is our further expansion into broader mental health support projects, building on our work with Birmingham Mind with whom we deliver a mental health connector service in the community, ensuring that primary care patients receive holistic support to maintain good mental health and wellbeing. Our Better Health 4 Life project, delivered in partnership with Sport 4 Life, combines mental health wrap around support with physical activity to highlight the impact of physical wellbeing on mental health. This project incorporates group sessional work to reduce social isolation, to foster a climate where people can learn from each other, building resilience and confidence, empowering participants to believe in themselves and their aspirations.

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Birmingham Industrial Therapy Association Limited

Annual Report of the Trustees and Chief Executive

For the 18 months ended 30 September 2024

Our Impact

Vocational Pathways Programme

Over the reporting period, Better Pathways supported 170 individuals to participate in our in-house social enterprises Vocational Pathways Programme. At the time of writing, 106 participants remain actively engaged. These include long-term supported volunteers, individuals on meaningful day activities, and those enrolled in our 12-week employment preparation programme—many of whom are young people with special educational needs and disabilities (SEND) referred from local schools and colleges.

Participant Snapshot:

Tackling Social Isolation and Inactivity

Unemployment and isolation disproportionately affect people with mental health conditions, learning disabilities, and neurodivergence. Fewer than 2% of people with learning disabilities known to Birmingham City Council are in paid employment (Source: PURE Project, Aug 2023). Our work directly addresses this by offering structure, purpose, friendship, and pathways to economic participation. While our goals include employment, training, and volunteering, participants also gain:

Our values-led model also delivers measurable social value to our statutory and commercial partners.

Participant Experience & Feedback

Annual Experience Survey (2025)

43 participants (40% response rate) shared their experiences:

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Birmingham Industrial Therapy Association Limited

Annual Report of the Trustees and Chief Executive

For the 18 months ended 30 September 2024

Overall satisfaction:

Responding to participant feedback

Based on feedback, we are:

Participant Wellbeing

Mental Health Outcomes – WEMWBS Assessment

In 2024–25, we introduced the Warwick Edinburgh Mental Wellbeing Scale (WEMWBS) to measure changes in wellbeing over time. Assessments were conducted in September, November, and February.

Key Results (79 participants):

We adapted participant support based on these insights—offering additional check-ins, peer support, access to counselling, and targeted group activities. Those with the largest gains typically engaged most consistently in creative or physical group sessions.

Feeback from Social Enterprise Participants’ Families

Of our current participants, 59 are living at home with families. Our support of participants provides respite for families, allowing parents and siblings free time to work during the day, to engage in their communities, to recharge their batteries and to maintain the resilience required to cope with the, often complex, needs of their family member. Family members supported number approximately 236 based on an average of 4 additional family members per participant.

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Birmingham Industrial Therapy Association Limited

Annual Report of the Trustees and Chief Executive

For the 18 months ended 30 September 2024

Feedback from the mother of HG

How does H coming to Better Pathways help your family?

I am H’s primary carer and Better Pathways has been a lifeline. Our family runs a business, and we would not be able to continue without your support. Basically, H coming to you puts a roof over our heads. H has been poorly from age 17 when he suddenly developed psychosis, paranoid schizophrenia. Up until then he was a fully functioning, normal adult. After he became ill we had to slow everything down. We had to tell H to eat and take him to the toilet. Even with anti-psychotic medicines, it’s trial and error. Finding a place for H who is not disabled, but is not able either, has taken several years. H does not have much insight into his mental health, therefore doesn’t know what he needs to do to get better. He has seen his cousins getting jobs and wants the same things but doesn’t know how to get them. He wanted to go somewhere that seemed like going to work. Money is not the important thing. H wanted somewhere that he felt he belonged. He gets up and says ‘I’m going to the factory’. H’s motivation and physical skill levels are low. Having people at Better Pathways to work through these issues with H is just what he, and we, all need.

2 What have you noticed about H as a result of him coming to Better Pathways?

It has given him purpose, a routine, and this makes him feel much better about himself. The fact that he can say ‘I’ve been to the factory’ has given him a sense of worth.

3 Would you say that your own mental health, or that of family members, improves with the respite you receive when H comes to Better Pathways .

100%. We could have chosen to section H, put him in an institution. But we chose not to, we wanted to look after him for as long as we could. I know that he must like it, because he gets up and goes. Your team doesn’t reveal too many of the challenges, they just get on with it. Knowing this and that he’s going to be safe, busy, and looked after takes a huge weight off my mind.

Feedback from the mother of BS

How does B coming to Better Pathways help your family?

It gives me free time to do my job on the two days a week that he comes to Better Pathways. I’m not meeting my targets and I’m in danger of losing my job, so having two days free when I don’t have to sort B out is an enormous help.

2 What have you noticed about B as a result of them coming to Better Pathways?

His sleeping patterns change and he’s calmer. When he goes to Better Pathways he will go to bed earlier the night before because he knows he’s got to get up, and on the day he’s been. When he isn’t coming, he will stay up until well past 2am which is a problem for me because I have to stay up with him. I’m so tired when that happens.

3 Would you say that your own mental health, or that of family members, improves with the respite you receive when B comes to Better Pathways.

Absolutely, mine is much better when B comes to Better Pathways. But for my son, who has left University who could get a job, he is bringing in B and this means he cannot get a job for those days, and so there is an adverse impact on his mental health because of this.

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Birmingham Industrial Therapy Association Limited

Annual Report of the Trustees and Chief Executive

For the 18 months ended 30 September 2024

Better Packing: Case Study: Improving mental health and wellbeing. LJ

1. Client Background

Name: LJ

Age: 42

L was referred to Better Pathways by his carer worker to attend the 8 week Mentor Me project. Following this, he then signed up with our Pure Employment Support Team as he was gaining confidence to look for work. During this time, he disclosed that he used to enjoy working as a patisserie baker but left due to poor mental health. He was looking at retraining towards a cleaning job.

2. Initial Goals and Support Plan

Client’s Goals:

Better Pathways:

3. Progress and Outcomes

Progress Made by Client:

Outcomes Achieved:

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Birmingham Industrial Therapy Association Limited

Annual Report of the Trustees and Chief Executive

For the 18 months ended 30 September 2024

4. Client Testimonial

“I joined Better Pathways last February and it was during the workshops that I started to build my confidence. Had I not attended the workshops, I would not have found the confidence to do my presentation. I am really grateful for the support Better Pathways has provided, as now I am back on my feet. The group sessions helped me to build my confidence and enabled me to have a greater interaction with other people. The staff have been very supportive”

The Value of Our Volunteering Contribution

Volunteering is a cornerstone of Birmingham’s social and economic life. Across the West Midlands, the social economy comprises over 11,000 organisations and engages approximately 70,000 volunteers . Collectively, these efforts contribute to an estimated £3.5 billion in annual economic value—demonstrating the transformative impact of citizen participation on regional wellbeing and inclusion. (Source: West Midlands Combined Authority)

Within this broader ecosystem, Better Pathways has made a significant contribution . Over the

reporting period, 170 participants engaged with our charity’s programmes, collectively contributing 62,948 hours of volunteering, skills development, and meaningful activity. Valued at the Real Living Wage , this equates to an estimated economic contribution of £793,145 to the community, a powerful return on investment in both financial and social terms. This figure not only reflects the commitment and resilience of our participants—many of whom face complex barriers—but also illustrates Better Pathway’s vital role in building a fairer, more inclusive local economy.

Statutory Sector Projects

Between April 2023 and March 2025, Better Pathways delivered a range of employment support and skills development programmes in partnership with local authorities and public sector commissioners. These contracts were subject to rigorous outcome reporting requirements.

Over this period, our vocational specialists supported 843 individuals. Each person faced different challenges, but all were supported to progress towards employment, independence, and better wellbeing.

The outcomes achieved (some individuals achieved multiple outcomes) include:

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Birmingham Industrial Therapy Association Limited

Annual Report of the Trustees and Chief Executive

For the 18 months ended 30 September 2024

These figures reflect the depth and breadth of our work—supporting those furthest from the labour market to move forward with confidence, purpose, and the right support at the right time.

Achievements since our last annual report Financial Outturn April 2023 – September 2024

Having set a deficit budget of £32,390 for the 12 months ending March 2024, we improved on this position slightly with an outturn deficit of £25,586. Whilst achieving this modest improvement was welcomed, owing to continuing uncertainties in December 2024 (the initial accounts approval and filing deadline) about Birmingham City Council projects due to end in March 2025, we sought and received approval from Companies House to extend our year end by 6 months to September 2024. In the event, three of the five projects due to end in March 2025 were extended for a further year.

With respect to September 2024’s outturn, there was a slight upturn in overall performance resulting in the charity being able to report a surplus of £60,981 for the 18 months to September 2024. See below for more information on the financial results.

Service Delivery

What follows are our achievements to date:

Our social enterprises

As stated elsewhere, our social enterprises are the vehicle through which we deliver our in-house LIVE Vocational Pathways Programme (Learning, Independence, Volunteering, Employment), and we are delighted by the growth of our referral and funding networks, enabling us to support more participants.

Necessary for the successful delivery of this programme is the securing of business from commercial partners, enabling us to provide the broadest range of skills development opportunities possible, and providing the funding required to cover programme delivery costs. Our strategy is to build on our commercial partnerships. We aim to do more for our current customers, to secure new customers for our established commercial offer, and to deliver new services and manufacture new products for existing and new customers:

Better Packing is trading at higher revenues now than over the past 6 years. Not only have participant numbers across the social enterprises grown in excess of 150 (90% of whom attend Better Packing), revenues for Better Packing have now recovered to pre-pandemic levels. Our partnership with Widney Manufacturing, begun in 2023/2024 is going from strength to strength with revenues up by 53% in 2024/2025 (to £39k). We continue to work with customers who have been with us over many years and are enormously appreciative of the continuing business we receive from the Unicrimp, part of the Scolmore Group, (£26k over the last 12 months), from Lion Picture Framing (£19k), from Bailey Products (£7.5k), Niglon (£7k) and Samuel Health, a customer for over 13 years (£6.5k). We are very pleased recently to have welcomed Podonics as a new customer, a start-up

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Birmingham Industrial Therapy Association Limited

Annual Report of the Trustees and Chief Executive

For the 18 months ended 30 September 2024

using an innovative SafeTPen to dispense Phenol for use in footcare surgery and to have welcomed back Marlux Medical a customer for many years that has increased automation in its operation, but who have secured a new customer for which they need our support.

Better Signage has been successfully embedded within the portfolio of commercial services based at our site in Digbeth. We have recruited two highly experienced signage professionals, and this has allowed us to establish an in-house graphics service as an integral part of our overall signage offer. Our customer base is growing significantly across a number of business sectors (up from 21 in the 12 months to March 2024 to 47 in in the 12 months to March 2025 and we have received significantly more orders in recent months, showing a continuing upward trend in business. These are orders for jobs ranging from exterior signage and window manifestations for new offices, to advertising hoardings for sports and conference facilities. We are preparing to sign a 3-year contract with Birmingham and Solihull Procurement Collaborate for the provision of ‘My Name is…’ badges for the 7 organisations covered by the Collaborative, worn by nurses and other clinical staff. There has been significant investment in equipment, made possible by generous grant funding from Made Smarter, Love Brum and Goodwill Solutions and as a result of the donation of equipment by Max Spielman, part of the Timpson Group, and a significant discount offered on equipment supplied by Vivid Laminating Technologies Ltd. We are delighted to have recruited an apprentice to our Signage team, a young man who came to Better Pathways as a participant on our LIVE vocational pathways programme.

Better Woodwork is working increasingly closely with Better Signage in the design and manufacture of new products. Examples include engraved cheeseboards for a local sports club, awards for local business annual celebration events, planters and a café counter for our tenant street food business. We continue to work with Birmingham Hospice on ways of partnering to sell products in their charity shops.

Whilst much progress has been made, there is more to do to make our social enterprises financially sustainable by themselves, and we are delighted now to be working with ambassadors and advisors who are experts within manufacturing, industrial engineering and parts distribution sectors or in business growth. We are grateful to:

Our Ambassadors: Rob Cooper, Managing Director, British Stainless Steel Association; Rachel Eade, Chair, UK Metals Council; Stephen Morley, President, Confederation of British Metalformers; Mike Owens, Site Director Autajon Packaging Simply Cartons, Glenveagh Advisory, Vice-President of Greater Birmingham Chambers of Commerce; and Jon Simms, Independent Advisor and former Managing Director, Royde and Tucker Ltd Allianz Insurance for selecting us to take part in its Social Impact Project Programme West Midlands Combined Authority working in partnership with Aston University for the opportunity to participate in its Social Enterprise Growth Programme Business Growth West Midlands, for including us in its Supply Chain Transition Programmes (Coventry & Warwickshire Growth Hub, for the Very Light Railway & Electric Light Vehicles programme and Newable Enterprise Nation & Greater Birmingham Chambers of Commerce for the Health/Med-Tech, Future Housing & Smart Energy programme ).

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Birmingham Industrial Therapy Association Limited

Annual Report of the Trustees and Chief Executive

For the 18 months ended 30 September 2024

Our Statutory Sector Projects

In the same way that the economic environment for social enterprise commercial customers remains challenging, statutory sector commissioners continue to operate with tighter and tighter budgets, requiring more for less (or at least the same) and in a climate where short-termism reigns. Projects commissioned over even 3 years make it difficult to plan long-term, and working with one-year extensions makes it even harder. In spite of this climate, we remain a trusted provider of employability and mental health support services in the city.

We are pleased to report the successful completion of a number of projects, including the Disability Inclusion Pathway project, part-funded by the European Social Fund to support adults 18+ furthest away from the jobs market into employment, education and training. Mobilised in July 2021, this project ended on 31[st] December 2023; the Youth Promise Plus (YPP) Mental Health Wrap Around Support Service, funded by Birmingham City Council, to help young people aged 16 – 29 with poor mental health stay engaged on employability programmes delivered by five YPP programme providers, Change Grow Live, University Hospitals Birmingham, Birmingham Youth Service, Birmingham Careers and The Prince’s Trust. Mobilised in September 2021 this project ended on 1[st] October 2023; Mentor Me , funded from Commonwealth Games Legacy funds to support young people 16 – 29 with combined employability and mental health wrap around support. Mobilised in June 2024 this project ended in March 2025; SEND ‘Future Ready’ project supporting young people 16 - 25 to develop life skills and to prepare for the world of work. Mobilised in June 2024 this project ended in March 2025

We continue to be commissioned to provide support to young people and adults across a number of projects, including the Mental Health Connector Service working with Birmingham Mind and the Living Well Consortium, alongside NHS colleagues, to casework primary care patients with poor mental health and to signpost them to any additional services they need in the community. Awarded in May 2022, this initial 3-year project has been extended for a further year from April 2025; the Better Health 4 Life project funded by a Birmingham City Council, Prevention and Communities Grant, to provide support to maintain good mental and physical health in the community for adults 18+. Awarded in October 2023 this project which we are delivering in partnership with Sport4Life and which is aligned to community neighbourhood networks, is due to run until September 2026; the PURE adult employability shared prosperity funded project (SPF) commissioned by Birmingham City Council which has been extended for a further year to March 2026; the East Birmingham Jobs & Skills Hub SPF project , to support adults 18+ NEET into employment, education and training. Awarded initially for one year, this project has been extended for a further year to March 2026; the Youth Employment Initiative SPF project to support young people 16 – 29 NEET into employment, education or training. Awarded initially for one yar, this project has also been extended to March 2026.

We are delivering two new projects for statutory sector commissioners, one a Digital Divide project, to promote digital inclusion for those who would otherwise miss out on using technology, awarded in late 2024 by the West Midlands Combined Authority for 19 months, another a Work Well project awarded by Birmingham and Solihull ICB in 2024 for 18 months to support adults into employment and to stay in work.

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Birmingham Industrial Therapy Association Limited

Annual Report of the Trustees and Chief Executive

For the 18 months ended 30 September 2024

Financial results April 2023 – September 2024 (18 months)

Total income for the 18 months was £1,573,397. When comparing the previous two 12-month periods to March, income to March 2024 was £946,528 an increase of 20% on the income achieved in the year ending March 2023 which was £790,436. Income for the 6 months from April – September 2024, was £626,869, a significant improvement on the half yearly average for the 12 months to March 2024.

The reasons for this are:

Recovery and employment income increased by78% over the 18-month period, primarily driven by the commissioning of new projects. Eight new projects were commissioned, two came to an end, and the Primary Care Recovery Navigator service continued.

Net trading income for the social enterprises increased by 99% over the 18-month period. The main contributor and growth area was Express Signs (now Better Signage), where income increased by 160%.

Donation and grant income increased by 179% over the 18-month period owing to the generous support of our funders, listed below. This includes the contribution of computer equipment donated by Birmingham City Council, which significantly supported our operational capacity. LIVE Vocational Pathways Programme revenues increased by 262%.

Employee numbers have grown as a result of the growth in our activities:

March 2025 30.9 wte
September 2024 28.3 wte
March 2023 19.3 wte

Fundraising and Donations

Over the 18-months to September 2024, we raised a total of £314.6k from grant giving

trusts/foundations and £12.2k in donations. We are grateful to the funders who have responded so positively to our bids for support and are pleased to acknowledge them here:

The Henry Smith Charity - £74k - To support the growth strategy for Better Signage. Goodwill Solutions - £10K – Donation towards operational running costs. Garfield Weston - £40K – Unrestricted grant towards running costs.

The Eveson Trust – 2 x £40k – Unrestricted grants towards the charity’s core and running costs.

The Aston University Social Economy Growth Programme - £20K - This was a fully funded leadership and management training programme targeted at creating support the leadership and an increase trading income. The programme was funded by the UK Government and West Midlands Combined Authority from the Commonwealth Games Legacy Fund

The Access Reach Fund - £9.75K – The Reach Fund is a grant programme that helps charities and social enterprises raise investment.

The 29th May 1961 Charitable Trust - £7k – Funding toward LIVE Participant Support Team costs. Souter Charitable Trust - £4k – Funding towards the Participant Support Team costs.

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Birmingham Industrial Therapy Association Limited

Annual Report of the Trustees and Chief Executive

For the 18 months ended 30 September 2024

The Hobson Charity - £6k – Funding towards energy costs.

The National Lottery Community Fund - £20k – Funding towards LIVE running costs.

CB & HH Taylor 1984 Trust - £1k – Funding towards LIVE running costs.

Cole Charitable Trust - £1.5k – Funding towards LIVE running costs.

Roger & Douglas Tuner Charitable Trust - £3k - Funding towards LIVE running costs.

The Grimmitt Trust - £2.5k – Funding towards LIVE running costs.

The Granthan Yorke - £3k - Funding towards LIVE running costs.

Made Smarter - £16.3k – This grant supported the acquisition of a Mimaki flatbed UV printer for use in Better Signage.dd

Goldman Sachs - £10k – This grant supported the acquisition of a Mimaki flatbed UV printer for use in Better Signage.

The Greater Birmingham & Solihull Local Enterprise Partnership - Clean Growth Grant - £8.6k – This grant helped fund the acquisition of a new replacement boiler.

First Give - North Birmingham Academy - £1k - Grant awarded to enhance and strengthen the therapeutic delivery environment within the charity.

Softcat Plc - £3.64k – General donation to the charity by employees of Softcat Plc.

NorthEdge Capital - £2k – Donation towards operational running costs.

Birmingham City Council - £3.99k – Birmingham City Council donated computer equipment and accessories to the charity during the year, valued at £3,990.60. This in-kind support contributed to enhancing the charity’s operational capacity.

Misc donations ( including Just Giving and Birmingham Lottery donations) - £2.43k

Fundraising Regulator

We are registered with the Fundraising Regulator and can confirm we have not received any complaints in the period. Currently, our fundraising activity is geared to submitting to grant giving bodies. We do not raise donations through door-to-door canvassing, but where we ever to do so, we will ensure that we have policies and procedures in place to identify and protect people in situations of vulnerability.

Principal funding sources

In respect of our statutory sector contracts our principal sources of funding over the period to September 2024 were:

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Birmingham Industrial Therapy Association Limited

Annual Report of the Trustees and Chief Executive

For the 18 months ended 30 September 2024

Future Plans

Supporting those that need us the most

At the core of our plans is our commitment to supporting more of the citizens of Birmingham that need our help the most, building on the growth in participant numbers that we have seen over the last 2 years. The rate of employment for people with disabilities in Birmingham, and especially for people with learning disabilities, remains shockingly low (less than 2% for people with learning disabilities) and we will continue to do all we can to improve this position. Where paid employment is not an aspiration, but where wrap around support is vital to our participants’ mental health and wellbeing and to their capacity to lead fulfilling and active lives, our focus will be on growing the range of unique opportunities at Better Pathways for people to engage in vocational skills development, meaningful activities and supported volunteering. For all participants, regardless of pathway, developing their confidence, self-belief and sense of self-worth, empowering them to take their own decisions, will remain at the heart of all that we do.

Quality and impact

We will continue to strive to elevate the quality of our delivery, and the fabric of our facilities, recognising the crucial importance of this for the wellbeing and life chances of the people we support. We will raise the bar on our impact reporting, recognising the crucial importance of this for the provision of assurance to those receiving our services and to those from whom we must attract resources. We will seek feedback, build on what is working well and learn from our mistakes, sustaining a loop of continuous review and improvement.

Strength through partnership

As the longest serving, standalone mental health charity in Birmingham, we will continue to call on our strong relationships and collaborative partnerships for the benefit of our participants, both those on our social enterprise pathways and those being supported through our statutory sector projects. We will seek opportunities to work with partners that build on all our strengths and the knowledge we have about how to achieve the best outcomes for the people we serve, maximising the resources we can deploy together and delivering more than the ‘sum of our parts’.

Commercial growth through social value to deliver social impact

We will continue to raise the profile of our charity and promote the social value we can add to the operations of the organisations we work with. We will add commercial value to the supply chains of our commercial customers, delivering the highest quality product, correct to customer specifications, ‘right first time, every time’. In doing this, we will attract more customers and grow revenues, enabling us to expand our reach and deliver more social impact for the people we support and their families.

15

Birmingham Industrial Therapy Association Limited

Annual Report of the Trustees and Chief Executive

For the 18 months ended 30 September 2024

Our priorities

Supporting those that need us the most:

Quality and Impact

Strength through partnership

16

Birmingham Industrial Therapy Association Limited

Annual Report of the Trustees and Chief Executive

For the 18 months ended 30 September 2024

Social and commercial value

Principal risks and mitigations

The Charity’s principal risks relate chiefly to the sustainability of its cash balance and reserves positions which, in turn, could be adversely impacted if the charity did not achieve its trading and expenditure plans to March 2026 and beyond. Specifically, the key financial risks and uncertainties are:

17

Birmingham Industrial Therapy Association Limited

Annual Report of the Trustees and Chief Executive

For the 18 months ended 30 September 2024

These are considered further below, along with the mitigations that are being taken to minimise the likelihood of them occurring.

Risk area Main Mitigations Expected outcome as a
result of mitigating
actions
Trading income
shortfall		 Complete and mobilise the integrated,
prioritised, sales pipeline and tracking system
Secure investment funding to build capacity in
the team
Complete upgrade of website and refresh
marketing materials		 Aim to exceed trading
income target
LIVE income
shortfall		 Work with managers in BCC on a strategy to
increase referrals for the 12-week pathway
Increase focus on referrals once confirmation
of our acceptance onto the day opportunities
framework is received
Attend school transition events and parent and
carer forums
Secure new corporate partnerships for the 12-
week pathway		 Aim to exceed LIVE
income target
Fundraising
shortfall		 Submit two or more material grant applications
Submit bids to trusts and foundations
identified in the fundraising pipeline
Submit grants to larger existing funders
Aim to achieve the
fundraising target
Statutory sector
income		 Pursue opportunities for additional statutory
sector projects		 Aim to secure increase
on current level of
statutory sector
contribution to overhead
Unplanned
expenditure		 Significant upgrade to the roof already
undertaken (which historically was the main
source of unplanned expenditure
Establish a regularprogramme of maintenance		 Repairs expenditure does
not exceed budget

18

Birmingham Industrial Therapy Association Limited

Annual Report of the Trustees and Chief Executive

For the 18 months ended 30 September 2024

Reserves position and policy

On 30 September 2024, Better Pathways had total funds of £378,500 to carry forward. These funds were made up as follows:

The trustees’ policy is to maintain 90 days’ expenditure in general funds to provide working capital for unforeseen reductions in cash flow. General funds of £140,694 covered 42 days of expenditure.

General Reserves

At 30 April 2025, the unaudited management accounts report an improved general funds position of £199,896, covering 63 days of expenditure and a forecast free reserves position at March 2026 of £175,552 (54 days).

We continue to manage better our working capital, getting cash in more quickly.

We are actively discussing proposals with social investors for funds that will provide working capital in the event the charity needs access to cash. Investment funds will also allow the charity to appoint a business development post to grow new commercial relationships and revenues for the social enterprises, incorporating improvements in marketing and the website.

Restricted Funds

We have and will continue to implement restricted funds projects, significantly reducing the restricted funds balance of £79,857 (of which 63% is for capital assets against which depreciation is being charged) by September 2025.

Designated Funds

The designated fund balance of £157,948 represents the carrying amount of acquired fixed assets as of September 2024, thus they do not form part of our calculation of general funds. This fund represents the net book value of fixed assets purchased through general funds. Depreciation is charged against this fund over the useful life of the assets until they are fully written down.

Statement of going concern

Trustees are required to look ahead at least 12 months from the date of signing of the accounts when judging whether the charity is a going concern. A cash flow forecast covering the period to June 2026 shows month on month cash positions varying from a high of £196,073 in August 2025 to a low of £83,752 in June 2026. Whilst the cash flow forecast is based on the risks that are set out above with some risk of income targets not being fully achieved and the potential for unplanned expenditure, the forecast has also in some areas been prepared on a prudent basis with the opportunity for upside movement, as well as downside risk.

19

Birmingham Industrial Therapy Association Limited

Annual Report of the Trustees and Chief Executive

For the 18 months ended 30 September 2024

Based on consideration of:

the Chief Executive and Trustees of the charity have determined that whilst there is ongoing uncertainty, the charity’s plans deal sufficiently with all material uncertainties, and thus the charity can be considered to be a going concern for at least the next 12 months.

Accreditations

Structure, governance and management

The organisation is a charitable company limited by guarantee, incorporated in England and Wales in September 1965, and registered as a Charity on 1st February 1963.

The company was established under a memorandum of association, which established the objects and powers of the charitable company and is governed under its articles of association. All trustees give their time voluntarily and receive no benefits from the Charity. The trustees have not claimed any expenses from the Charity during the year.

Trustees are elected at the annual general meeting and nominations for additional trustees may be made by Board members. All directors serve in an honorary capacity and are the trustees of the Charity. There is a rotational process in place with trustees retiring from the board each year; however, these trustees can offer themselves for re-election should they wish to do so. We aim to ensure that the Board is diverse in terms of age, gender and ethnicity and possess the skills required to direct the organisation.

At no time during the year did any trustee have an interest in a contract entered into by the Association in relation to the activities of the Association other than their involvement as employees of Mental Health Trusts. No remuneration or other benefits have been paid or are payable to any trustee of the Association either directly or indirectly from the funds of the Association. The overall policy of the Association is set by the trustees at regular meetings of the Board. Day to day running of the Association is managed by the Chief Executive, Sue Roberts.

20

Birmingham Industrial Therapy Association Limited

Annual Report of the Trustees and Chief Executive

For the 18 months ended 30 September 2024

Appointment of trustees

We use the guidance for trustee recruitment published by the Charity Commission. Skills audits are completed, gaps are identified, and new Trustees appointed based on these gaps.

Trustee engagement

New trustees meet with the Chair and Chief Executive as part of their induction and to agree expectations with respect to Trustee engagement in the charity’s business. The following is covered:

Required reading includes:

Related parties and relationships with other organisations

No formal relationships exist between the Association and any related parties and there are no subsidiary undertakings. The Association cooperates with other charities in the pursuit of its charitable objectives.

Remuneration policy for key management personnel

The Chair conducts the annual appraisal of the Chief Executive and agrees her salary, which is benchmarked against comparable organisations in the not-for-profit sector. The salary is endorsed by all members of the Board.

21

Birmingham Industrial Therapy Association Limited

Annual Report of the Trustees and Chief Executive

For the 18 months ended 30 September 2024

Policy for employment of disabled persons

The Association has an Equality and Diversity policy which commits the Association to examine its selection and appointment process, personnel procedures, and training provisions to ensure the elimination of direct or indirect discrimination and the provision of equality of opportunity for the protected characteristics contained with the Equality Act 2010. There are regular reviews to maintain good employment practices and those engaged in the selection process will be made aware of the Equality and Diversity Policy, the Acts, and their personal liability to law.

Employee information

The Association aims to provide employees with as much information as possible on matters of concern to them as employees. Responsibility for doing this rests with the Senior Leadership Team.

Funds held as custodian trustee on behalf of others

No funds are held by the Association as custodian trustee on behalf of others.

Statement of responsibilities of the trustees

The trustees (who are also directors of Birmingham Industrial Therapy Association Ltd for the purposes of company law) are responsible for preparing the trustees’ annual report including the strategic report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the charitable company, and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that 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.

In so far as, the trustees are aware:

22

Birmingham Industrial Therapy Association Limited

Annual Report of the Trustees and Chief Executive

For the 18 months ended 30 September 2024

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Trustees are appointed at the AGM which is attended by the charity’s trustees. There were 7 trustees in attendance at Board meetings over the period covered by this report.

The trustees’ annual report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The trustees’ 18 month report has been approved by the trustees on 24 June 2025 and signed on their behalf by

David Tucker, Chair of Trustees

Sue Roberts, Chief Executive Officer

23

Independent auditor’s report

To the members of

Birmingham Industrial Therapy Association Limited

Opinion

We have audited the financial statements of Birmingham Industrial Therapy Association Limited (the ‘charitable company’) for the 18 months ended 30 September 2024 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on Birmingham Industrial Therapy Association Limited's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

24

Independent auditor’s report

To the members of

Birmingham Industrial Therapy Association Limited

Other Information

The other information comprises the information included in the trustees’ annual report other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

25

Independent auditor’s report

To the members of

Birmingham Industrial Therapy Association Limited

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

Capability of the audit in detecting irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

26

Independent auditor’s report

To the members of

Birmingham Industrial Therapy Association Limited

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission, or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

27

Independent auditor’s report

To the members of

Birmingham Industrial Therapy Association Limited

Use of our report

This report is made solely to the charitable company's members as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Fleur Holden (Senior statutory auditor)

26 June 2025

for and on behalf of Sayer Vincent LLP, Statutory Auditor 110 Golden Lane, London, EC1Y 0TG

28

Birmingham Industrial Therapy Association Limited

Statement of financial activities (incorporating an income and expenditure account)

For 18 months ended 30 September 2024

For 18 months ended 30 September 2024
Note
Income from:
3
4
4
4
5
5
5
19
Reconciliation of funds:
Donations and grants
Charitable activities
Social Enterprise - Express Signs
Social Enterprise - Better Assembly Services
Social Enterprise - Express Signs
Recovery and Employment
Bank Interest
Total funds brought forward
Total funds carried forward
Net movement in funds (being net Income /
(expenditure) in the year)
Recovery and Employment
Total income
Expenditure on:
Total expenditure
Charitable activities
Social Enterprise - Better Assembly Services		 Unrestricted
£
146,285
739,559
230,711
139,215
1,721		 Restricted
£
10,750
136,486
67,239
101,431
-		 £
157,035
876,045
297,950
240,646
1,721
2024
(18
months)
Total		 £
56,303
490,867
117,570
125,650
46
2023
(12 months)
Total
1,257,491
851,448
247,999
138,391		 315,906
120,483
79,147
74,946		 1,573,397
971,931
327,146
213,338		 790,436
583,034
219,803
137,196
1,237,839 274,577 1,512,416 940,033
19,651
278,992		 41,329
38,527		 60,981
317,519		 (149,597)
467,115
298,643 79,857 378,500 317,519

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 19 to the financial statements.

29

Birmingham Industrial Therapy Association Limited

Balance sheet

As at 30 September 2024 (18 months)

As at 30 September 2024 (18 months) As at 30 September 2024 (18 months)
Note
£
Fixed assets:
11
Current assets:
12
6,505
13
186,645
78,061
271,211
Liabilities:
14
(86,223)
16
19
157,948
140,694
General funds
Cash at bank and in hand
Tangible assets
Stock
Debtors
Restricted income funds
Unrestricted income funds:
The funds of the charity:
Creditors: amounts falling due within one year
Net current assets
Total net assets
Creditors: amounts falling due after one year
Total assets less current liabilities
Designated funds
Total unrestricted funds
Total charity funds		 2024
(18 months)
£
208,511		 £
5,466
181,081
156,123		 2023
(12
months)
£
199,181
208,511
184,989		 199,181
148,337
271,211
(86,223)		 342,670
(194,333)
157,948
140,694		 173,471
105,520
393,500
(15,000)		 347,518
(30,000)
378,500 317,519
79,857
298,643		 38,527
278,992
378,500 317,519

Approved by the trustees on 24 June 2025 and signed on their behalf by

David Tucker Chair

30

Birmingham Industrial Therapy Association Limited

Statement of cash flows

For 18 months ended 30 September 2024

For 18 months ended 30 September 2024 For 18 months ended 30 September 2024 For 18 months ended 30 September 2024
Note
£
£
20
(14,384)
1,721
(50,400)
(48,679)
(15,000)
Change in cash and cash equivalents in the year
(78,062)
Cash and cash equivalents at the beginning of the year
156,123
Cash and cash equivalents at the end of the year
78,061
Analysis of cash and cash equivalents and of net debt
At 1 April
2023
£
Cash at bank and in hand
156,123
Total cash and cash equivalents
156,123
Loans current year repayment
(15,000)
Loans falling due within one year
(10,000)
Loans falling due after more than one year
(15,000)
Total
116,123
Cash flows from financing activities:
Repayment of borrowings
2024 (18 months)
Cash flows from operating activities
Net cash used in investing activities
Net cash (used in) / provided by operating activities
Cash flows from investing activities:
Interest received
Purchase of fixed assets		 £
£
22,259
46
(26,223)
(26,177)
(10,000)
(13,918)
170,041
156,123
Cash flows
At 30
September
2024
£
£
(78,063)
78,061
(78,063)
78,061
15,000
-
-
(10,000)
-
(15,000)
(63,063)
53,061
2023 (12 months)
Cash flows
£
(78,063)
(15,000) (10,000)
(78,062)
156,123		 (13,918)
170,041
78,061 156,123
At 1 April
2023
£
156,123		 At 30
September
2024
£
78,061
156,123
(15,000)
(10,000)
(15,000)		 (78,063)
15,000
-
-		 78,061
-
(10,000)
(15,000)
116,123 (63,063) 53,061

31

Birmingham Industrial Therapy Association Limited

Notes to the financial statements

For 18 months ended 30 September 2024

Birmingham Industrial Therapy Association Limited is a charitable company limited by guarantee and is incorporated in the United Kingdom. The registered office address and principal place of business is 201-206 Alcester Street, Digbeth, Birmingham, B12 0NQ.

b) Basis of preparation

The financial statements have been prepared for an extended period of 18 months due to a change in the accounting year end from 31 March to 30 September. The prior year figures cover a 12-month period for comparison purposes.

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) - (Charities SORP FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

In applying the financial reporting framework, the trustees have made a number of subjective judgements, for example in respect of significant accounting estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The nature of the estimation means the actual outcomes could differ from those estimates. Any significant estimates and judgements affecting these financial statements are detailed within the relevant accounting policy below.

The charitable company meets the definition of a public benefit entity under FRS 102.

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern as explained in the trustees' annual report. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

32

Birmingham Industrial Therapy Association Limited

Notes to the financial statements

For 18 months ended 30 September 2024

h) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

i) Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis which are an estimate, based on staff time, of the amount attributable to each activity. Where information about the aims, objectives and projects of the charity is provided to potential beneficiaries, the costs associated with this publicity are allocated to charitable expenditure. Where such information about the aims, objectives and projects of the charity is also provided to potential donors, activity costs are apportioned between fundraising and charitable activities on the basis of staff time by each activity.

j) Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

k) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £250. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

50 years 4 years 10 years

l) Stocks

Stocks are stated at the lower of cost and net realisable value. In general, cost is determined on a first in first out basis and includes transport and handling costs. Net realisable value is the price at which stocks can be sold in the normal course of business after allowing for the costs of realisation. Provision is made where necessary for obsolete, slow moving and defective stocks. Donated items of stock, held for distribution or resale, are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

m) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

n) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

o) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

p) Financial Instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

q) Pensions

The charity has a NEST pension scheme to offer all employees. The charity is contributing a minimum employer contribution percentage into the scheme set by the Pension Regulator.

33

Birmingham Industrial Therapy Association Limited

Notes to the financial statements

For 18 months ended 30 September 2024

Detailed comparatives for the statement of financial activities (prior year 12 months)
Recovery and Employment
Social Enterprise - Better Assembly Services
Social Enterprise - Express Signs
Recovery and Employment
Social Enterprise - Express Signs
Social Enterprise - Better Assembly Services
Income from:
Donations and grants
Total expenditure
Charitable activities:
Expenditure on:
Charitable activities:
Bank interest
Net expenditure for the year
Total income
 £
11,367
490,867
117,570
125,650
46
Unrestricted
activities		 Restricted
activities
£
44,936
-
-
-
-		 2023
(12 months)
Total
£
56,303
490,867
117,570
125,650
46
745,500 44,936 790,436
583,034
123,835
109,760		 -
95,968
27,436		 583,034
219,803
137,196
816,630 123,404 940,033
(71,129) (78,468) (149,597)
Income from donations
Grants recieved
Donations		 Unrestricted
£
134,000
12,285		 Restricted
£
10,750
-		 2024 (18
months)
Total
£
144,750
12,285		 `
Unrestricted
£
6,250
5,117		 Restricted
£
44,936
-		 2023
(12 months)
Total
£
51,186
5,117
146,285 10,750 157,035 11,367 44,936 56,303

34

Birmingham Industrial Therapy Association Limited

Notes to the financial statements

For 18 months ended 30 September 2024

18 months ended 30 September 2024
Income from charitable activities (current year)
Made Smarter
Goldman Sachs
The Henry Smith Charity
Total income from charitable activities
Earned Income
Birmingham Solihull Mental Health Trust
Total for Social Enterprise - Better Assembly Services
Earned Income
Total for Social Enterprise - Express Signs
Birmingham City Council - UK Shared Prosperity Fund - PURE
Birmingham City Council - Mentor Me
Birmingham City Council - Youth Employment Initiative
Birmingham City Council - SEND
Birmingham City Council - East Birmingham Jobs and Skills Hub
Cole Charitable Trust
Roger and Douglas Tuner Charitable Trust
Grimmitt Trust
CB & HH Taylor 1984 Trust
Total for Recovery and Employment
Birmingham City Council Day Care
Birmingham City Council - Better Health 4 Life
Birmingham City Council - Active Pathways 4 Life
Birmingham City Council - UKSPF PURE
The 29th May 1961 Charitable Trust
Souter Charitable Trust
The Hobson Charity
The National Lottery Community Fund
The Grantham Yorke
Other
Other
Other
European Social Fund - Disability Inclusion Pathway
Birmingham City Council - Youth Promise Plus
Birmingham MIND -PCRN		 £
158,672
83,180
203,363
61,780
52,037
32,976
47,918
43,834
-
-
-
55,800
Unrestricted
activities		 Restricted
activities
£
-
-
-
-
-
-
-
-
70,000
32,000
28,707
5,779		 2024
(18 months)
Total
£
158,672
83,180
203,363
61,780
52,037
32,976
47,918
43,834
70,000
32,000
28,707
61,579		 2023
(12 months)
Total
£
195,197
146,364
124,277
-
-
-
-
-
-
-
-
25,028
739,559
52,309
-
-
-
-
-
-
-
-
-
178,403
-		 136,486
17,500
7,000
4,000
6,000
20,000
1,500
1,000
3,000
2,500
3,000
-
1,739		 876,045
69,809
7,000
4,000
6,000
20,000
1,500
1,000
3,000
2,500
3,000
178,403
1,739		 490,867
19,302
-
-
-
-
-
-
-
-
-
98,269
-
230,711
69,046
-
-
-
70,169
-		 67,239
-
16,313
10,000
74,000
-
1,119		 297,950
69,046
16,313
10,000
74,000
70,169
1,119		 117,570
99,046
-
-
-
26,604
-
139,215 101,431 240,646 125,650
1,109,485 305,156 1,414,641 734,087

4b Income from charitable activities (prior year)

Income from charitable activities (prior year)
Total income from charitable activities
Total for Recovery and Employment
Birmingham City Council Day Care
Earned Income
Total for Social Enterprise- Better Assembly Services
Earned Income
Birmingham Solihull Mental Health Trust
Total for Social Enterprise- Express Signs
European Social Fund - Disability Inclusion Pathway
Birmingham City Council - Youth Promise Plus
Birmingham MIND -PCRN
Birmingham Solihull Mental Health Trust - Respite
Birmingham Solihull Mental Health Trust - Veteran
Other		 Unrestricted
activities
£
195,197
-
-
146,364
124,277
25,028		 Restricted
activities
£
-
-
-
-
-
-		 2023 (12
months)
Total
£
195,197
-
-
146,364
124,277
25,028
490,867
19,302
98,269		 -
-
-		 490,867
19,302
98,269
117,570
99,046
26,604		 -
-
-		 117,570
99,046
26,604
125,650 - 125,650
734,087 - 734,087

35

Birmingham Industrial Therapy Association Limited

Notes to the financial statements

For 18 months ended 30 September 2024

5a Analysis of expenditure (current year)

Charitable activities

Staff costs (Note 7)
Delivery by other partners
Material
Recruitment and Training
Client and Participant Expenses
Staff Travel and Motor Expenses
Marketing, Print and Stationery
ICT and Communication
Consultancy and Professional Fees
Utilities
Premises Cost and Insurance
Sundry Expenses
Audit Fee
Bank Charges
Non Recoverable VAT
Depreciation
Support costs
Governance costs
Total expenditure 2024
Total expenditure 2023		 Recovery and
Employment
£
485,150
67,868
-
1,669
926
1,360
20
5,219
-
-
-
-
-
-
-
1,457		 Social
Enterprise -
Better
Assembly
Services
£
146,005
-
-
57
17,956
17,230
561
2,777
3,500
5,358
4,344
-
-
11
-
6,480



Social
Enterprise -
Express
Signs
£
93,915
-
22,822
482
2,209
158
790
2,641
-
-
2,291
-
-
16
-
8,981		 Governance
costs
£
-
-
-
-
-
-
-
-
-
-
-
-
15,750
-
-
-		 Support
costs
£
307,231
-
-
6,113
1,479
614
12,911
44,320
29,855
55,582
82,856
-
-
2,120
27,174
24,152
2024
(18 months)
Total
£
1,032,302
67,868
22,822
8,322
22,571
19,362
14,283
54,958
33,355
60,940
89,492
-
15,750
2,148
27,174
41,070		 2023
(12 months)
Total
£
619,313
72,111
7,085
7,211
15,849
12,332
7,039
31,968
29,314
22,442
84,285
(8,455)
9,900
3,052
4,781
21,809
563,670
397,723
10,538		 204,281
119,694
3,172		 134,306
76,991
2,040		 15,750
-
(15,750)		 594,408
(594,408)
-		 1,512,416
-
-		 940,033
-
-
971,931 327,146 213,338 - - 1,512,416 940,033
583,034 219,803 137,196 - -

36

Birmingham Industrial Therapy Association Limited

Notes to the financial statements

For 18 months ended 30 September 2024

5b Analysis of expenditure (prior year)

Charitable activities

Staff costs (Note 7)
Delivery by other partners
Material
Recruitment and Training
Client and Participant Expenses
Staff Travel and Motor Expenses
Marketing, Print and Stationery
ICT and Communication
Consultancy and Professional Fees
Utilities
Premises Cost and Insurance
Sundry Expenses
Audit Fee
Bank Charges
Non Recoverable VAT
Depreciation
Support costs
Governance costs
Total expenditure 2023		 Recovery and
Employment
£
237,965
72,111
969
991
-
1,081
299
2,038
-
-
-
9
-
-
-
6,977		 Social
Enterprise -
Better
Assembly
£
85,933
-
99
96
14,940
10,015
308
792
892
-
8,689
(144)
-
-
-
4,077



Social
Enterprise -
Express
Signs
£
53,752
-
6,017
-
819
240
1,073
1,749
4,870
-
14,500
(4,757)
-
-
-
69		 Governance
costs
£
-
-
-
-
-
-
-
-
-
-
-
9,900
-
-
-		 Support
costs
£
241,663
-
-
6,124
90
996
5,359
27,389
23,551
22,442
61,096
(3,562)
-
3,052
4,781
10,686
2023
(12 months)
Total
£
619,313
72,111
7,085
7,211
15,849
12,332
7,039
31,968
29,314
22,442
84,285
(8,455)
9,900
3,052
4,781
21,809
322,438
254,358
6,238		 125,697
91,853
2,253		 78,333
57,455
1,409		 9,900
-
(9,900)		 403,665
(403,665)
-		 940,033
-
-
583,034 219,803 137,197 - - 940,033

37

Birmingham Industrial Therapy Association Limited

8

9

10

Notes to the financial statements

For 18 months ended 30 September 2024

This is stated after charging:

£
Audit fees prior year under-provision
Audit fees (current year)
Operating lease rentals:
Auditors' remuneration (excluding VAT):
Depreciation
Other
Total Audit Fees		 2024
(18 months)
£
41,070
17,579
1,000
14,750
15,750		 2023
(12 months)
£
21,809
32,566
9,900

7

Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Staff costs were as follows:

Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel
Staff costs were as follows:
Salaries and wages
Social security costs
Other Staff Costs
Employer’s contribution to defined contribution pension schemes		 2024
(18 months)
£
903,024
72,626
39,236
17,416		 2023
(12 months)
£
522,342
44,104
43,180
9,688
1,032,302 619,313

The total employee benefits (including employer's pension contributions and employer's national insurance) of the key management personnel were £85,436 (2023: £57,256).

The charity trustees were not paid or received any other benefits from employment with the charity in the year 2024: £nil (2023: £nil). No charity trustee received payment for professional or other services supplied to the charity (2023: £nil). No trustees' expenses were paid in 2024 and 2023.

Staff numbers

The average number of employees (head count based on number of staff employed) during the period 2024 was as follows:

The average number of employees (head count based on number of staff employed) during the period 2024
Staff numbers

2024 and 2023.		 was as follows:
Recovery & Employment
Support
Social Enterprise- Better Assembly Services		 2024
(18 months)
No.
16.3
6.0
6.0		 2023
(12 months)
No.
7.1
5.0
7.3
28.3 19.3

Related party transactions

During the year, a forklift was loaned by TRANSLift Bendi Ltd for use in the normal course of the charity's business. There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties. David Tucker is a Director of TRANSLift Bendi Ltd.

Martin Commander, Vice Chair Board of Trustees is a paid consultant to Birmingham Solihull Mental Health Trust (BSMHFT). During the year the charity receieved income of £69,046.10 (2023: £110,180) from BSMHFT which was provided on an arms length basis.

Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

38

Birmingham Industrial Therapy Association Limited

13

Notes to the financial statements

For 18 months ended 30 September 2024

For 18 months ended 30 September 2024
11
Cost
Depreciation
At the start of the year
Additions in year
Net book value
At the end of the year
At the start of the year
Charge for the year
At the end of the year
At the end of the year
At the start of the year
Disposals in year
Eliminated on disposal
Tangible fixed assets		 Freehold
property
£
319,120
-
-		 Plant, fixtures
and fittings
£
258,183
2,255
-
Computer
equipment
£
110,749
48,145
-		 Total
£
688,052
50,400
-
319,120 260,438 158,894 738,452
175,121
10,386
-		 218,502
13,899
-		 95,248
16,784
-		 488,872
41,070
-
185,508 232,401 112,032 529,942
133,612 28,037 46,862 208,511
143,999 39,681 15,501 199,181

Land with a value of £36,625 (2023: £36,625) is included within freehold property and not depreciated.

All of the above assets are used for charitable purposes.

12

Stock

Stock
Debtors
Trade debtors
Prepayments
Finished goods
Accrued income		 2024
(18 months)
£
6,505		 2023
(12 months)
£
5,466
2024
£
59,627
24,771
102,247		 2023
£
50,892
12,946
117,243
186,645 181,081

All of the charity’s financial instruments, both assets and liabilities, are measured at amortised cost. The carrying values of these are shown above and also in note 14 below.

14

Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Taxation and social security
Deferred income (note 15)
Bank loans
Trade creditors
Accruals		 2024
(18 months)
£
10,000
22,533
22,075
12,805
18,810		 2023
(12 months)
£
10,000
134,218
9,688
40,427
-
86,223 194,333

39

Birmingham Industrial Therapy Association Limited

17

18a

Notes to the financial statements

For 18 months ended 30 September 2024

15 Deferred income

Deferred income comprises participant costs received in advance.

16

Deferred income comprises participant costs received in advance.
Balance at the beginning of the year
Additions within the year
Amount released to income in the year
Bank loans
Creditors: amounts falling due after one year		 2024
(18 months)
£
-
18,810		 2023
(12 months)
£
12,554
17,500
(30,054)
18,810 -
2024
(18 months)
£
15,000		 2023
(12 months)
£
30,000

The Bounce Bank Loan balance as at 30 September 2024 £25,000 (2023: £40,000) is unsecured. The terms of the loan are 72 months with an interest rate of 2.5%. The UK Government funded the interest payment for the first 12 months through the Business Interruption Payment (BIP) £1,250 and the monthly loan repayments commenced April 2022.

Pension Scheme

The charity offers an auto-enrolment into the NEST pension scheme. Contributions are expensed as they become payable. At the end of the year the liability of the NEST pension scheme was £3,749 (2023: £2,001).

Analysis of net assets between funds (current year) - 18 months

18b

Analysis of net assets between funds (current year) - 18 months

year the liability of the NEST pension scheme was £3,749 (2023: £2,001).
Tangible fixed assets
Net current assets
Long term liabilities
Net assets at 31 March 2023
Tangible fixed assets
Net assets at 31 March 2024
Net current assets
Long term liabilities
Analysis of net assets between funds (prior year) - 12 months		 General
unrestricted
£
-
155,694
(15,000)		 £
157,948
-
-
Designated		 Restricted
£
50,563
29,294
-		 Total funds
£
208,511
184,989
(15,000)
140,694 157,948 79,857 378,500
£
-
135,521
(30,000)
General
unrestricted		 £
173,471
-
-
Designated		 Restricted
£
25,710
12,818
-		 £
199,181
148,338
(30,000)
Total funds
105,521 173,471 38,527 317,519

40

Birmingham Industrial Therapy Association Limited

Notes to the financial statements

For 18 months ended 30 September 2024

For 18 months ended 30 September 2024
19a
The Greater Birmingham & Solihul - Clean Growth Grant
Made Smarter
Goldman Sachs
Total restricted capital funds
Radcliffe Trust Grant
Birmingham City Council
Birmingham City Council
Birmingham City Council
Birmingham City Council
The Henry Smith Charity
The 29th May 1961 Charitable Trust
Souter Charitable Trust
The Hobson Charity
The National Lottery Community Fund
Access Reach Fund
Cole Charitable Trust
CB & HH Taylor 1984 Trust
Roger and Douglas Tuner Charitable Trust
Grimmitt Trust
First Give - North Birmingham Academy
The Grantham Yorke
Total restricted revenue funds
Total restricted funds
Total designated funds
General funds
Total unrestricted funds
Total funds at 30 September 2024
Movements in funds (current year) - 18 months
Designated funds:
Unrestricted funds:
ERDF Catalysts Enterprises Grant
The Rowlands Trust
Restricted funds
Freehold Property
Future Investment for Social Enterprises
Premises Improvement Fund
Restricted capital funds:
Restricted revenue funds:
Tangible Fixed Assets Funds		 At 1 April
2023
£
20,619
5,091
-
-
-		 Income
£
-
-
8,637
16,313
10,000		 Expenditure
£
(4,030)
(995)
(1,688)
(2,246)
(1,138)		 Transfers
£
-
-
-
-
-		 At 30
September
2024
£
16,589
4,096
6,949
14,067
8,862
25,710 34,949 (10,097) - 50,563
1,317
3,876
7,625
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 -
-
17,500
70,000
32,000
28,707
74,000
7,000
4,000
6,000
20,000
9,750
1,500
1,000
3,000
2,500
1,000
3,000		 -
(3,876)
(25,125)
(55,951)
(32,000)
(28,707)
(70,822)
(7,000)
(4,000)
(6,000)
(20,000)
-
(1,500)
(1,000)
(3,000)
(2,500)
-
(3,000)		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 1,317
-
-
14,049
-
3,178
-
-
-
-
9,750
-
-
-
-
1,000
-
12,817 280,957 (264,480) - 29,294
38,528 315,906 (274,577) - 79,857
173,471
-
-		 -
-
-		 (30,917)
-
-		 15,394
-
-		 157,948
-
-
173,471 - (30,917) 15,394 157,948
105,519 1,257,491 (1,206,922) (15,394) 140,694
278,991 1,257,491 (1,237,838) - 298,643
317,517 1,573,397 (1,512,416) - 378,500

41

Birmingham Industrial Therapy Association Limited

Notes to the financial statements

For 18 months ended 30 September 2024

19b Movements in funds (prior year) - 12 months

Movements in funds (prior year) - 12 months
Eveson Charitable Trust
Edward and Dorothy Cadbury Trust
Prince's Charities
Roger and Douglas Trust
G J W Turner Trust
CB & HH Taylor 1984
The Grimmitt Trust
Radcliffe Trust Grant
Warwick Masonic Trust
The Rowlands Trust
National Lottery Fund
Allison Hillman Charitable Trust
William A. Cadbury Trust
Resonance Grant
The Foundation for Social Investment
Birmingham City Council
Other Small Restricted Grants
Total restricted funds
Total designated funds
General funds
Total unrestricted funds
Total funds at 31 March 2023
Designated funds:
Future Investment for Social Enterprises
Premises Improvement Fund
Restricted funds:
Freehold Property
Unrestricted funds:
Tangible Fixed Assets Funds
The Rowlands Trust
ERDF Catalysts Enterprises Grant		 At 1 April
2022
£
23,219
5,733
2,100
4,495
2,000
3,000
3,000
3,000
1,000
2,000
5,000
1,000
2,000
9,448
1,000
15,000
34,000
-
-
-		 Income
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
27,436
17,500
-		 Expenditure
£
(2,600)
(642)
(783)
(4,495)
(2,000)
(3,000)
(3,000)
(3,000)
(1,000)
(2,000)
(1,124)
(1,000)
(2,000)
(9,448)
(1,000)
(15,000)
(34,000)
(27,436)
(9,876)
-		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 At 31 March
2023
£
20,619
5,091
1,317
-
()
-
-
-
-
3,876
-
-
-
()
-
-
7,625
-
116,995 44,936 (123,404) - 38,528
165,815
10,000
10,000		 -
-
-		 (18,567)
-
-		 26,223
(10,000)
(10,000)		 173,471
-
-
185,815 - (18,567) 6,223 173,471
164,306 745,500 (798,063) (6,223) 105,519
350,121 745,500 (816,630) - 278,991
467,116 790,436 (940,033) - 317,518

Purposes of restricted funds

Freehold Property: Funding received from The Big Lottery Fund for improvement to the reception area of the Digbeth premises. Depreciation will be charged to this fund.

ERDF Catalyst Enterprise Grant: This grant was matched funded and assisted us to fund capital items and some salary for Production Assembly Services social enterprise.

The Greater Birmingham & Solihul - Clean Growth Grant: This grant helped fund the acquisition of a new replacement boiler.

Made Smarter & Goldman Sachs: These grants supported the acquisition of a Mimaki flatbet UV printer for use in Better Signage.

The Rowlands trust: This fund was donated towards a counselling service for service users in Beter Assembly Services.

Radcliffe Trust Grant: The funds were donated to fund a therapeutic carpentry programme at the Woodcraft Centre, located within better Assembly Services.

Birmingham City Council grants: These were grants towards the funding of Development Worker salary cost in Better Assembly Serviceswere. The other two grants were awarded towards the delivery of Prevention and Communities services within the Birmingham area.

Birmingham City Council UKSPF Grant: This UK Shared Prosperity Fund (UKSPF) grant was awarded to support the delivery of (intervention E33) employment support for economically inactive people.

The Henry Smith Charity: The grant was awarded to support the running costs of Better Signage.

The 29th May 1961 Charitable Trust, Souter Charitable Trust: These grants contributed to funding the costs of the Participant Support Team.

The Hobson Charity: The grant was awarded to support energy costs.

The National Lottery Community Fund: The grant contributed to the provision of hot meals for participants and supported the running costs of Better Assembly services.

Access Reach Fund: The grant was awarded to support the charity's business case consultancy work.

Cole Charitable Trust, Roger and Douglas Tuner Charitable Trust, The Grantham York, & Grimmitt Trust: These grants were awarded to support the delivery of the LIVE programme.

First Give - North Birmingham Academy: Grant awarded to enhance and strengthen the therapeutic delivery environment within the charity.

42

Birmingham Industrial Therapy Association Limited

Notes to the financial statements

For 18 months ended 30 September 2024

Purpose of designated funds

Tangible Fixed Assets fund: This fund represents the net book value of fixed assets purchased through general funds. Depreciation will be charged against this fund.

20 Reconciliation of net income / (expenditure) to net cash flow from operating activities

Reconciliation of net income / (expenditure) to net cash flow from operating activities
Net income / (expenditure) for the reporting period
(as per the statement of financial activities)
Depreciation charges
Bank interest
Bad debts
(Increase) in stocks
(Increase)/Decrease in debtors
Increase/(Decrease) in creditors - excluding bank loan
Net cash (provided by) / used in operating activities		 2024
(18 months)
£
60,981
41,070
(1,721)
-
(1,039)
(5,564)
(108,110)		 2023
(12 months)
£
(149,596)
21,809
(46)
4,900
-
144,425
5,669
(14,384) 22,259

21

Operating lease commitments

The charity's total future minimum lease payments under non-cancellable operating leases is as follows:

The charity's total future minimum lease payments under non-cancellable operating leases is as follows:
Less than one year
One to five years		 2024
(18 months)
2023
(12 months)
£
£
7,952
11,069
9,627
21,498
17,579
32,566
Equipment
17,579 32,566

22

Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

43