2022-03-31-accounts - Sandwell Homeless And Resettlement Project Limited

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Trustees' annual report (incorporating			the	director's	report)
Independent	examiner's report	to the	trustees			10
Statement	of financial activities	(including		income and
expenditure	account)					12
Statement	of financial position					13
Statement	of cash flows					15
Notes to the financial statements

				2022		2021
			Unrestricted	Restricted
			funds	funds	Total funds	Total funds
		Note	2		2
Income
Donations and grants		5	88,970	31,475	120,445	197,249
Charitable activities		6	605,401		605,401	499,296
Investment income		7	2		2	16
Total income			694,373	31,475	725,848	696,561
Expenditure
Expenditure on raising funds:
Costs of raising income		8	604,785	38,377	643,162	646,695
Total expenditure			604,785	38,377	643,162	646,695
Net Income			89,588	(6,902)	82,686	49,866
Transfers between	funds		(92,471)	92,471
Other recognised	gains and losses
Other recognised gains/(losses)				(92,471)	(92,471)	(167,656)
Net movement in funds			(2,883)	(6,902)	(9,785)	(117,790)
Reconciliation offunds
Total funds brought	forward		179,939	859,645	1,039,584	1,157,374
Total funds carried forward			177,056	852,743	1,029,799	1,039,584

					2022	2021
				Note	2	2
Fixed assets
Tangible fixed assets				13	1,028,183	1,036,714
Current assets
Debtors				14	18,455	43,575
Cash at bank and in	hand				160,085	47,402
					178,540	90,977
Creditors: amounts	falling		due within one year	15	12,929	88,107
Net current assets					165,611	2,870
Total assets less current			liabilities		1,193,794	1,039,584
Creditors: amounts	falling		due after more than one year	16	163,995
Net assets					1,029,799	1,039,584
Funds ofthe charity
Restricted funds					852,743	859,645
Unrestricted funds:
Revaluation reserve					93,839	93,839
Other unrestricted		income funds			83,217	86,100
Total unrestricted funds					177,056	179,939
Total charity funds				18	1,029,799	1,039,584

			2022	2021
			2	2
Cash flows from operating	activities
Net income			82,686	49,866
Adjustments for:
Depreciation of tangible fixed assets			9,913	5,158
Other interest receivable and similar income			(2)	(16)
Interest payable and similar	charges		3,153
Accrued expenses/(income)			12,714	(16,689)
Changes in:
Trade and other debtors			(1,077)	643
Trade and other creditors			(65,470)	60,024
Cash generated from operations			41,917	98,986
Interest paid interest received			(3,153) 2	16
Net cash from operating activities			38,766	99,002
Cash flows from investing	activities
Purchase of tangible assets			(93,853)	(283,525)
Net cash used in investing activities			(93,853)	(283,525)
Cash flows from financing Proceeds from borrowings	activities		167,770
Net cash from financing activities			167,770
Net Increase/(decrease) in	cash and cash	equivalents	112,683	(184,523)
Cash and cash equivalents	at beginning	of year	47,402	231,925
Cash and cash equivalents	at end ofyear		160,085	47,402

Donations	and gran	ts
						Unrestricted	Restricted	Total Funds
						Funds	Funds	2022
								8
Donations
Unrestricted	donation	s				15,160		15,160
Restricted	donations	-	Bauer Radio
Restricted	donations	—Gables Lottery
Restricted	donations	—	Heart of England
Restricted	donations	-	Lloyds Bank
Restricted	donations	-	The Clothworker Foundation				5,400	5,400
Restricted	donations	-	Arnold Clark Foundation				1,000	1,000
Restricted	donations	-	The Blakmore Foundation				147	147
Restricted	donations	—The George Henry C		GHCC			2,000	2,000
Restricted	donations	-	Cheshire Community	CCF			5,000	5,000
Restricted	donations	—Welcome boxes
Restricted	donations	—Leeds Building Society					1,000	1,000
Restricted	donations	-	The Percy Bilton Charity				500	500
Restricted	donations	-	The Rowlands Trust				874	874
Restricted	donations	-	Baron Davenports Charity
Restricted	donations	-	BBCChildren in Need				8,039	8,039
Restricted	donations	—Albert Hunt Trust
Restricted	donations	-	Eveson Trust
Restricted Restricted	donations donations	—Roger & Douglas —Michael Marsh Trust					5,000 1,800	5,000 1,800
Restricted	donations	—GJW Turner Trust
Restricted	donations	-	Cole Charitable Trust	—Gables
Beds
Restricted	donations—		DPD Trust —Weston Trip
Restricted	donations		The Morrison Foundation		Grant
Restricted	donations		DPD Group - Gap Project				715	715
Restricted	donations		BHSF Medical Charity
Grants
SMBC core grant						73,810		73,810
						88,970	31,475	120,445


5.	Donations and grant	s	(coru(nusrr)
						Unrestricted	Restricted	Total Funds
						Funds	Funds	2021
						2	F
	Donations
	Unrestricted donation	s
	Restricted donations	-	Bauer Radio				1,645	1,645
	Restricted donations Restricted donations	- -	Gables Lottery Heart of England				49,383 10,000	49,383 10,000
	Restricted donations	-	Lloyds Bank				33,000	33,000
	Restricted donations	—The Clothworker Foundation
	Restricted donations	—Arnold Clark Foundation
	Restricted donations	—The Blakmore Foundation
	Restricted donations	—The George Henry C		GHCC
	Restricted donations	-	Cheshire Community	CCF
	Restricted donations	-	Welcome boxes				1,000	1,000
	Restricted donations	-	Leeds Building Society
	Restricted donations Restricted donations	—The Percy Bilton Charity - The Rowlands Trust					3,223	3,223
	Restricted donations	-	Baron Davenports Charity				543	543
	Restricted donations	—BBCChildren in Need
	Restricted donations	—Albert Hunt Trust					5,000	5,000
	Restricted donations	-	Eveson Trust				10,529	10,529
	Restricted donations	-	Roger &Douglas
	Restricted donations	—Michael Marsh Trust
	Restricted donations	—GJW Turner Trust					2,000	2,000
	Restricted donations	-	Cole Charitable Trust	- Gables
	Beds						1,500	1,500
	Restricted donations		DPD Trust - Weston Trip				2,000	2,000
	Restricted donations-		The Morrison Foundation		Grant		1,200	1,200
	Restricted donations Restricted donations		DPD Group - Gap Project BHSF Medical Charity				1,400 1,016	1,400 1,016
	Grants
	SMBC core grant					73,810		73,810
						73,810	123,439	197,249
6.	Charitable activities

Charitable	activities
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2022	Funds	2021
		2	2		2
Crown house		115,598	115,598	158,407	158,407
GAP project Community Gables	support	210,405 83,066 196,332	210,405 83,066 196,332	266,621 15,782 58,486	266,621 15,782 58,486
		605,401	605,401	499,296	499,296

7.	Investment income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2022	Funds	2021
			F	2		2
	Bank interest receivable		2	2	16	16
8.	Costs of raising Income
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2022
					2
	Charitable fund raising	costs		11,069		11,069
	Wages and salaries Employer's NIC Pension costs			382,912 24,361 4,819	17,229	400,141 24,361 4,819
	Insurance			7,718		7,718
	Other motor/travel costs			3,307		3,307
	Legal and professional Information technology Other office costs	fees		14,710 14,950 17,363		14,710 14,950 17,363
	Depreciation Bank charges Bank loan interest			2,978 515 3,153	6,935	9,913 515 3,153
	Other support costs Training Accountancy fees Premises expenses			5,628 1,146 4,440 105,716	3,344 10,869	8,972 1,146 4,440 116,585
				604,785	38,377	643,162
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2021
				6	6
	Charitable fund raising Wages and salaries Employer's NIC Pension costs	costs		11,318 351,580 15,562 4,932	7,755	11,318 359,336 15,562 4,932
	Insurance			8,412		8,412
	Other motor/travel costs			2,264		2,264
	Legal and professional Information technology Other office costs	fees		9,264 13,164 14,867	14,569 1,575	23,833 13,164 16,442
	Depreciation Bank charges			2,240 291	2,918	5,158 291
	Bank loan interest
	Other support costs Training Accountancy fees Premises expenses			3,030 379 4,080 146,953	1,715 1,925 27,902	4,745 2,304 4,080 174,854
				588,336	58,359	646,695

9.	Net Income	Net Income
	Net income is stated after charging/(crediting):
			2022	2021
			2
	Depreciation oftangible fixed assets Foreign exchange differences Operating lease rentals —land 6 buildings Operating lease rentals —other		9,913 515 54,099 4,465	5,158 291 95,760 3,298
10.	Independent examination fees
			2022	2021
			2
	Fees payable to the independent Independent examination of the	examiner for: financial statements	4,440	4,080

full-time equivalent employees during the year is ana	lysed as follows:
	2022	2021
	No.	No.
Chief executive officer	1	1
Business manager	1
Head of care and community	1
Central admin	1	1
GAP project	9	8
Crown house	1	1
Community support The Gables	4 6	3 5
	24	20

Tangible fixed assets
	Freehold	Plant and	Fixtures and
	ploperty	machinery	fittings	Total
				2
Cost
At 1 April 2021 Additions	995,000 92,471	72,646 1,382	34,675	1,102,321 93,853
Revaluations	(92,471)			(92,471)
At 31 March 2022	995,000	74,028	34,675	1,103,703
Depreciation At 1 April 2021 Charge for the year		62,689 2,978	2,918 6,935	65,607 9,913
At 31 March 2022		65,667	9,853	75,520
Carrying amount At 31 March 2022	995,000	8,361	24,822	1,028,183
At 31 March 2021	995,000	9,957	31,757	1,036,714

comparabl under the	e carrying amount that would have been r historical cost model are as follows:	ecognised if the assets had been carried
		Freehold
		property
		6
At 31 liilarch 2022
Aggregate	cost	526,289
Aggregate	depreciation
Carrying	value	526,289
At 31 March 2021
Aggregate	cost	433,818
Aggregate	depreciation
Carrying value		433,818

14.	Debtors
			2022	2021
			6
	Prepayments and accrued income		18,455	43,575
15.	Creditors: amounts	falling due within one year
			2022	2021
			2
	Bank loans and overdrafts		3,775
	Trade creditors		5,074	23,409
	Accruals and deferred	income	4,080	17,563
	Social security and other taxes Other creditors			42,428 4,707
			12,929	88,107
16.	Creditors: amounts	falling due after more than one year
			2022	2021
			2	6
	Bank loans and overdrafts		163,995

Analysis of c	haritab	le funds
Unrestricted	funds
		At				Gains and	At
		1 Apr 2021	Income	Expenditure	Transfers	losses 31	Mar 2022
			6
Generalfunds		86,100	694,373	(604,785)	(92,471)		83,217
Revaluation
reserve		93,839					93,839
		179,939	694,373	(604,785)	(92,471)		177,056
		At				Gains and	At
		1 Apr 2020	Income	Expenditure	Transfers	losses 31	Mar 2021
					2
General funds		265,071	573,122	(588,336)	(163,757)		86,100
Revaluation
reserve		93,839					93,839
		358,910	573,122	(588,336)	(163,757)		179,939
Restricted funds
		At				Gains and	At
		1 Apr 2021	Income	Expenditure	Transfers	losses 31	Mar 2022
			2	2
Welcome Boxes		1,045		(256)			789
The Rowlands
Trust		984	874	(874)			984
Sheldon Trust
Baron Davenports Charity		543					543
The DMF Ellis
Charitable Trust
Gables furniture
suites
The Woodward
Charitable Trust
Edgar E Lawley
Foundation
BBCChildren	in
Need		617	8,039	(7,761)			895
Albert Hunt Trust
Eveson Trust
Roger & Douglas			5,000	(4,500)			500

Analysis of charitable	funds	(corurnurrr()
Edward Cadbury
CB& HH Taylor
WA Cadbury
Bernard Piggott
The Grimmett
Trust
Michael Marsh
Trust		1,800	(468)	1,332
Cole Charitable
Trust —Gable
Beds
DPD Trust-
Weston Trip	1,685		(975)	710
The Morrison
Foundation Grant
DPD Group —GAP Project	1,400	715	(110)	2,005
BHSF Medical
Charity Bauer Radio	11 1,645		(11) (955)	690
Gables Lottery Heart of England Lloyds Bank	10,000 9,959		(1,325) (8,554)	8,675 1,405
GJW Turner Trust
The Clothworker
Foundation		5,400	(5,375)	25
Arnold Clark
Automotive		1,000	(131)	869
The Blakmore
Foundation		147	(147)

		Compan	Compan	y Limited by Guaran	y Limited by Guaran	tee
		Notes to the		Financial Statements		(conrrnued)
			Year	ended 31 March 2022
18.	Analysis ofcharitable		funds (continuer()
	The George Henry C GHCC			2,000				2,000
	Cheshire
	Community CCF			5,000				5,000
	Leeds Building Society			1,000				1,000
	The Percy Bilton Charity The Gables		364,413	500	(6,935)	92,471		500 449,949
	The Gables
	Revaluation		467,343				(92,471)	374,872
			859,645	31,475	(38,377)	92,471	(92,471)	852,743
			At				Gains and	At
		1	Apr 2020	Income	Expenditure	Transfers	losses 31	Mar 2021
					P.	2
	Welcome Boxes		45	1,000				1,045
	The Rowlands
	Trust		984	3,223		(3,223)		984
	Sheldon Trust		10,000			(10,000)
	Baron Davenports Charity		500	543	(500)			543
	The DMF Ellis
	Charitable Trust		2,000			(2,000)
	Gables furniture
	suites		3,000			(3,000)
	The Woodward
	Charitable Trust		186			(186)
	Edgar E Lawley
	Foundation		1,500			(1,500)
	BBCChildren	in
	Need		8,042		(7,425)			617
	Albert Hunt Trust		5,000	5,000		(10,000)
	Eveson Trust			10,529		(10,529)
	Roger &Douglas Edward Cadbury		5,000 11,000			(5,000) (11,000)
	CB& HH Taylor		2,000			(2,000)
	WA Cadbury		20,000			(20,000)
	Bernard Piggott		1,800			(1,800)
	The Grimmett
	Trust		1,800			(1,800)
	Michael Marsh
	Trust		2,000			(2,000)
	Cole Charitable
	Trust —Gable
	Beds			1,500		(1,500)
	DPD Trust-
	Weston Trip			2,000	(315)			1,685

The Morrison	The Morrison
Foundation	Grant		1,200		(1,200)
DPD Group	- GAP
Project			1,400				1,400
BHSF Medical
Charity			1,016	(1,005)			11
Bauer Radio			1,645				1,645
Gables Lottery			49,383		(49,383)
Heart of England			10,000				10,000
Lloyds Bank			33,000	(23,041)			9,959
GJW Turner	Trust		2,000		(2,000)
The Clothworker
Foundation
Arnold Clark
Automotive
The Blakmore
Foundation
The George
Henry C GHCC
Cheshire
Community	CCF
Leeds Building
Society
The Percy Bilton
Charity The Gables		88,608		(26,073)	301,878		364,413
The Gables
Revaluation		634,999				(167,656)	467,343
		798,464	123,439	(58,359)	163,757	(167,656)	859,645

			Unrestricted	Restricted	Total Funds
			Funds	Funds	2022
					6
Tangible fixed assets			203,361	824,822	1,028, 183
Current assets			150,619	27,921	178,540
Creditors less than	1	year	(12,929)		(12,929)
Creditors greater than		1 year	(163,995)		(163,995)
Net assets			177,056	852,743	1,029,799
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2021
					2
Tangible fixed assets Current assets			204,958 63,090	831,756 27,889	1,036,714 90,979
Creditors less than	1	year	(88,109)		(88,109)
Creditors greater than		1 year
Net assets			179,939	859,645	1,039,584

ing the ye	ar:
2022	2021
51	69

Analy	sis of chang	es in net debt
					A1
			At 1 Apr 2021	Cash flows	31 Mar 2022
			2		2
Cash	at bank and	in hand	47,402	112,683	160,085
Debt	due within one year			(3,775)	(3,775)
Debt	due after one	year		(163,995)	(163,995)
			47,402	(55,087)	(7,685)

Operating	lea	se commit	ments
The total	future	minimum	lease payments	under non-cancellable	operating	leases are as follows:
						2022	2021
						2
Not later than		1 year				4,215	4,289
Later than	1 year and not		later than 5years			6,323	9,806
						10,538	14,095