2023-03-31-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					16

				2023		2022
			Unrestricted	Restricted
			funds	funds	Total funds	Total funds
		Note	2	f	2
Income
Donations and grants		5	105,670	20,587	126,257	120,445
Charitable actMties		6	537,481		537,481	605,401
Investment income		7	254		254	2
Total income			643,405	20,587	663,992	725,848
Expenditure
Expenditure on raising funds:
Costs of raising income		8	524,093	48,140	572,233	643,162
Total expenditure			524,093	48,140	572,233	643,162
Net Income			119,312	(27,553)	91,759	82,686
Transfers between	funds		1,405	(1,405)
Other recognised	gains and losses
Other recognised gains/(losses)						(92,471)
Net movement In funds			120,717	(28,958)	91,759	(9,785)
Reconciliation offunds
Total funds brought	forward		177,057	852,742	1,029,799	1,039,584
Total funds carried	forward		297,774	823,784	1,121,558	1,029,799

				Note	2023 f	2022 6
Fixed assets
Tangible fixed assets				13	1,018,512	1,028,183
Current assets
Debtors				14	61,259	18,455
Cash at bank and in	hand				144,975	160,085
					206,234	178,540
Creditors: amounts	falling due within one year			15	10,111	12,929
Net current assets					196,123	165,611
Total assets less current			liabilities		1,214,635	1,193,794
Creditors: amounts	falling		due after more than one year	16	93,078	163,995
Net assets					1,121,557	1,029,799
Funds ofthe charity
Restricted funds					823,784	852,743
Unrestricted funds:
Revaluation reserve					93,839	93,839
Other unrestricted		income funds			203,934	83,217
Total unrestricted funds					297,773	177,056
Total charity funds				18	1,121,557	1,029,799

			2023	2022
			2
Cash flows from operating	activities
Net income			91,759	82,686
Adjustments for:
Depreciation of tangible fixed assets			10,170	9,913
Other interest receivable and similar income			(254)	(2)
Interest payable and similar	charges		9,729	3,153
Accrued (income)/expenses			(42,536)	12,714
Changesin:
Trade and other debtors			(268)	(1,077)
Trade and other creditors			(347)	(65,470)
Cash generated from operations			68,253	41,917
Interest paid			(9,729)	(3,153)
Interest received			254	2
Net cash from operating activities			58,778	38,766
Cash flows from investing	activities
Purchase of tangible assets			(499)	(93,853)
Net cash used in investing activities			(499)	(93,853)
Cash flows from financing Proceeds from borrowings	activities		(73,388)	167,770
Net cash (used in)/from financing activities			(73,388)	167,770
Net (decrease)/increase In	cash and cash	equivalents	(15,109)	112,683
Cash and cash equivalents	at beginning	of year	160,085	47,402
Cash and cash equivalents	at end of year		144,976	160,085

Donations and gra	nts
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2023
			2	2	2
Donations
Unrestricted donations			30,060		30,060
Restricted donations	- Bauer Radio			2,125	2,125
Restricted donations	—The Clothworker Foundation
Restricted donations	- Arnold Clark Foundation			1,000	1,000
Restricted donations	- The Blakmore Foundation			110	110
Restricted donations	—The George Henry C	GHCC
Restricted donations	—Cheshire Community	CCF
Restricted donations	—Leeds Building Society
Restricted donations	-The Percy Bilton Charity
Restricted donations	—The Rowlands Trust			1,000	1,000
Restricted donations	—Baron Davenports Charity			640	640
Restricted donations	- BBCChildren in Need			8,340	8,340
Restricted donations	—Roger & Douglas
Restricted donations	—The Othona Community			323	323
Restrcited donations	—F/Flow The Morrison			5,000	5,000
Restricted donations	- Michael Marsh Trust			549	549
Restricted donations	- Cole Charitable Trust	—Gables
Beds				1,500	1,500
Restricted donations	- DPD Group - Gap Project
Grants
SMBC core grant			75,610		75,610
			105,670	20,587	126,257

Donations	and gra	nts (cont(nuer0
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2022
Donations
Unrestricted	donations			15,160		15,160
Restricted	donations	- Bauer Radio
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	—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	- Roger & Douglas			5,000	5,000
Restricted	donations	-The Othona Community
Restrcited	donations	- F/Flow The Morrison
Restricted donations		—Michael Marsh Trust			1,800	1,800
Restricted donations		-Cole Charitable Trust	- Gables
Beds
Restricted donations		- DPD Group - Gap Project			715	715
Grants
SMBC core grant				73,810		73,810
				88,970	31,475	120,445

Charitable	activities
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
			2
Barclay Road		7,812	7,812	115,598	115,598
GAP project		194,483	194,483	210,405	210,405
Community	support	73,102	73,102	83,066	83,066
Gables		262,084	262,084	196,332	196,332
		537,481	537,481	605,401	605,401

			Unrestricted	Funds	Unrestricted	Funds
			Funds	2023	Funds	2022
			2	6	2	2
Bank	interest	receivable	254	254	2	2

Costs of raising	inco	me
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2023
				2
Charitable fund raising		costs	11,154		11,154
Wages and salaries			381,594	23,524	405,117
Employer's NIC			23,579		23,579
Pension costs			3,529		3,529
Insurance			9,461		9,461
Other motor/travel	costs		2,421		2,421
Legal and professional		fees	4,208		4,208
Information technology			6,057		6,057
Other office costs			15,070		15,070
Depreciation			3,235	6,935	10,170
Bank charges			248		248
Bank loan interest			9,729		9,729
Other support costs			6,541	8,927	15,468
Training			972		972
Accountancyfees			4,080		4,080
Premises expenses			42,215	8,754	50,970
			524,093	48,140	572,233
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2022
				2
Charitable fund raising		costs	11,069		11,069
Wages and salaries			382,912	17,229	400,141
Employer's NIC			24,361		24,361
Pension costs			4,819		4,819
Insurance			7,718		7,718
Other motor/travel	costs		3,307		3,307
Legal and professional		fees	14,710		14,710
Information technology			14,950		14,950
Other office costs			17,363		17,363
Depreciation			2,978	6,935	9,913
Bank charges			515		515
Bank loan interest			3,153		3,153
Other support costs			5,628	3,344	8,972
Training			1,146		1,146
Accountancy fees			4,440		4,440
Premises expenses			105,716	10,869	116,585
			604,785	38,377	643,162

9.	Net income	Net income	Net income
	Net income is stated after charging/(crediting):
				2023	2022
	Depreciation of tangible	fixed assets		10,170	9,913
	Foreign exchange differences			248	515
	Operating lease rentals	- land 8	buildings		54,099
	Operating lease rentals	—other		4,215	4,465
10.	Independent examination fees
				2023	2022
				2	8
	Fees payable to the independent		examiner for:
	Independent examination	ofthe	financial statements	4,080	4,440

full-time equivalent employees during the year is ana	lysed as follows:
	2023	2022
	No.	No.
Chief executive officer		1
Business manager	1	1
Head ofcare and community	1	1
Central admin	1	1
GAP project	11	9
Crown house		1
Community support	4	4
The Gables	6	6
	24	24

Tangible fixed assets
	Freehold	Plant and	Fixtures and
	property	machinery	fittings	Total
				2
Cost
At 1 April 2022	995,000	74,028	34,675	1,103,703
Additions		499		499
At 31 March 2023	995,000	74,527	34,675	1,104,202
Depreciation
At 1 April 2022		65,667	9,853	75,520
Charge for the year		3,235	6,935	10,170
At 31 March 2023		68,902	16,788	85,690
Carrying amount
At 31 March 2023	995,000	5,625	17,887	1,018,512
At 31 March 2022	995,000	8,361	24,822	1,028,183

comparabl under the	e carrying amount that would have been historical cost model are as follows:	recognised if the assets had	been carried
			Freehold
			property
			2
At 31 March 2023
Aggregate	cost		526,289
Aggregate	depreciation
Carrying	value		526,289
At 31 March 2022
Aggregate	cost		526,289
Aggregate	depreciation
Carrying value			526,289
Debtors
		2023	2022
Prepayments and accrued income		61,259	18,455

Creditors: amounts	falling due within one year
		2023	2022
		2	2
Bank loans and overdrafts		1,304	3,775
Trade creditors		4,531	5,074
Accruals and deferred	income	4,080	4,080
Other creditors		196
		10,111	12,929

Credi	tors:	amo	unts falling due after more than	one year
				2023		2022
				2
Bank	loans	and	overdrafts	93,078	1	63,995

Unrestricted fun	ds
		At				Gains and	At
	1 Apr 2022		Income	Expenditure	Transfers	losses 31	Mar 2023
		2	2	2	2		9
General funds		83,218	643,405	(524,093)	1,404		203,934
Revaluation
reserve		93,839					93,839
		177,057	643,405	(524,093)	1,404		297,773
		At				Gains and	At
	1	Apr 2021	Income	Expenditure	Transfers	losses 31	Mar 2022
			2		2	2	9
General funds		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

Restricted funds	Restricted funds
		At				Gains and	At
		1 Apr 2022	Income	Expenditure	Transfers	losses 31	Mar 2023
			2	6
Grantham Yorke
Trust				(25)			(25)
Welcome Boxes		789		(651)			138
The Rowlands
Trust		984	1,000	(984)			1,000
Baron Davenports
Charity		543	640	(1,183)
BBCChildren	in
Need		894	8,340	(9,234)
Roger & Douglas		500		(500)
Michael Marsh
Trust		1,332	549	(1,881)
Cole Charitable
Trust - Gable
Beds			1,500	(1,051)			449
DPD Trust-
Weston Trip		710		(370)
DPD Group - GAP
Project		2,005		(1,998)
BHSF Medical
Charity
Bauer Radio		690	2,125	(2,071)			744
Heart of England		8,675		(8,675)
Lloyds Bank		1,405			(1,405)
The Clothworker
Foundation		25					25
Arnold Clark
Automotive		869	1,000	(934)			935
The Blakmore
Foundation			110	(110)

	N	tes to	the	Financi	al Statemen	s	(continued)
		Year		ended	31 March 2023
Analysis of	charitable	funds	(conrlnuerr/
The George
Henry C GHCC		2,000			(2,000)
Cheshire
Community	CCF	5,000			(5,000)
Leeds Building
Society		1,000			(314)				686
The Percy Bilton
Charity		500			(500)
The Othona
Community				323					323
F/Flow The
Morrison				5,000	(3,724)				1,276
The Gables		449,949			(6,935)				443,014
The Gables
Revaluation		374,872							374,872
		852,742		20,587	(48,140)		(1,405)		823,784
		At						Gains and	At
	1 Apr 2021			Income	Expenditure	Transfers		losses 31 Mar 2022
				2				2
Grantham Yorke
Trust
Welcome Boxes		1,045			(256)				789
The Rowlands
Trust		984		874	(874)				984
Baron Davenports
Charity		543
BBCChildren	in
Need Roger 8 Douglas		617		8,039 5,000	(7,761) (4,500)				895 500
Michael Marsh
Trust				1,800	(468)				1,332
Cole Charitable
Trust - Gable
Beds
DPD Trust-
Weston Trip		1,685			(975)				710
DPD Group - GAP
Project		1,400		715	(110)				2,005
BHSF Medical
Charity		11			(11)
Bauer Radio		1,645			(955)				690

				Year ended 31	Year ended 31	March 202	3
18.	Analysis of	charitable	funds	(continued)
	Heart of England		10,000			(1,325)			8,675
	Lloyds Bank		9,959			(8,554)			1,405
	The Clothworker
	Foundation				5,400	(5,375)			25
	Arnold Clark
	Automotive				1,000	(131)			869
	The Blakmore
	Foundation				147	(147)
	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				500				500
	The Qthona
	Community
	F/Flow The
	Morrison
	The Gables		364,413			(6,935)	92,471		449,949
	The Gables
	Revaluation		467,343					(92,471)	374,872
			859,645		31,475	(38,377)	92,471	(92,471)	852,743

				Unrestricted	Restricted	Total Funds
				Funds	Funds	2023 f
Tangible	fixed assets			200,626	817,886	1,018,512
Current	assets			200,336	5,898	206,234
Creditors	less than	1	year	(10,111)		(10,111)
Creditors	greater than		1 year	(93,078)		(93,078)
Net assets				297,773	823,784	1,121,557
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2022
				2		2
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

The followi	ng units of Social Housing were held	by the charitable company during the ye	ar:
		2023	2022
Supported	Housing	51	51

Anal	ysis ofchang	es In net debt
					At
			At 1 Apr 2022	Cash flows	31 Mar 2023 f
Cash	at bank and	in hand	160,085	(15,110)	144,975
Debt	due within one year		(3,775)	2,471	(1,304)
Debt	due after one	year	(163,995)	70,917	(93,078)
			(7,685)	58,278	50,593

Operating	leas	leas	e commit	ments
The total	future		minimum	lease payments	under non-cancellable	operating	leases are as follows:
							2023	2022
							2	6
Not later than		1	year				3,205	4,215
Later than	1 year and not			later than 5 years			3,118	6,323
							6,323	10,538