## ## |||Page| |---|---|---| |Trustees'
report||1-10| |Statement
oftrustees'|responsibilities|| |Independent
auditor's|report|12 - 15| |Statement
offinancial|activities|16| |Balance sheet||17| |Notes to the financial|statements|19-32| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Unrestricted|Restricted|Total Unrestricted|Total Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---|---|---|---| ||||||funds|funds||funds|funds|| ||||||2021|2021||2020|2020|2020| ||||Notes|||||||| |Income and endowments||||from:||||||| |Donations
and|legacies|||3|729,237|41,988|771,225|10|21|31| |Income from charitable||||||||||| |activities||||4|248,002|1,284,766|1,532,768|375,515|1,085,614|1,461,129| |Investments||||5|975||975|1,885||1,885| |Other income||||6|8,233|3,312|11,545|12,724||12,724| |Total income|||||986,447|1,330,066|2,316,513|390,134|1,085,635|1,475,769| |Ex enditure
on:||||||||||| |Expenditure
from||||||||||| |charitable
activities|||||359,215|1,187,323|1,546,538|309,757|1,037,768|1,347,525| |Net incoming|resources|||||||||| |before transfers|||||627,232|142,743|769,975|80,377|47,867|128,244| |Gross transfers||||||||||| |between
funds|||||87,190|(87,190)||49,030|(49,030)|| |Net incoming|resources||||714,422|55,553|769,975|129,407|(1,163)|128,244| |Other recognised||gains||and|losses|||||| |Revaluation
of|tangible|||||||||| |fixed assets|||||(141,900)||(141,900)|||| |Net movement|in|funds|||572,522|55,553|628,075|129,407|(1,163)|128,244| |Fund balances|at 1 April||2020||1,212,748|9,623|1,222,371|1,083,343|10,784|1,094,127| |Fund balances|at|31 March||||||||| |2021|||||1,785,270|65,176|1,850,446|1,212,750|9,621|1,222,371| ## ## ## ||||||||2021||2020|| |---|---|---|---|---|---|---|---|---|---|---| ||||||Notes|||||| |Fixed assets||||||||||| |Tangible assets||||||||455,000||609,600| |Current assets||||||||||| |Debtors|||||12||193,239||81,839|| |Cash at bank and||in|hand|||2,007,163|||669,095|| |||||||2,200,402|||750,934|| |Creditors:|amounts||falling due within|||||||| |one year|||||13|(774,956)|||(138,163)|| |Net current|assets|||||||1,425,446||612,771| |Total assets less||current liabilities||||||1,880,446||1,222,371| |Provisions|for liabilities|||||||(30,000)||| |Net assets||||||||1,850,446||1,222,371| |Income funds||||||||||| |Restricted|funds||||16|||65,176||9,621| |Unrestricted|funds|||||||||| |Designated|funds||||17|1,466,864|||675,790|| |General
unrestricted|||funds||||168,686||232,640|| |Revaluation|reserve||||||149,720||304,320|| |||||||||1,785,270||1,212,750| |||||||||1,850,446||1,222,371| |The financial statements||||were approved|by the Trustees on||23 November|2021||| |J
ckett|(Chair)|||||S Handscomb||||| |Trustee||||||Trustee||||| ## ## ## |||||2021||2020|| |---|---|---|---|---|---|---|---| ||||Notes||||| |Cash flows from operating||activities|||||| |Cash generated
from operations|||21||1,337,093||108,815| |Investing|activities||||||| |Investment|income received|||975||1,885|| |Net cash generated
from||investing|||||| |activities|||||975||1,885| |Financing|activities||||||| |Repayment|of bank loans|||||(21,716)|| |Net cash|used in financing|activities|||||(21,716)| |Net increase
in cash and cash equivalents|||||1,338,068||88,984| |Cash and|cash equivalents|at beginning|ofyear||669,095||580,111| |Cash and|cash equivalents|at end of|year||2,007,163||669,095| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---|---| ||||funds|funds||funds|funds|| ||||2021|2021|2021|2020|2020|2020| |||||||F|F|F| |Donations|and gifts||642,031|32,013|674,044|10|21|31| |Grants received under||||||||| |coronavirus||job retention||||||| |scheme|||87,206|9,975|97,181|||| ||||729,237|41,988|771,225|10|21|31| |Donations||and gifts||||||| |Transfer of||net assets||||||| |from Dudley CAB|||642,002|32,013|674,015|||| |Other|||29||29|10|21|31| ||||642,031|32,013|674,044|10|21|31| ## ## ## ## |The assets transferred|were as follows:| |---|---| |Current Assets|1,178,569| |Current
Liabilities|(477,054)| |Provisions|(27,500)| |Total assets transferred|2674,015| ## ||||||||2021|2020| |---|---|---|---|---|---|---|---|---| |Development||&engagement,|financial|capability|and general|&debt advice|1,532,768|1,461,129| |Analysis|by|fund||||||| |Unrestricted||funds|||||248,002|375,515| |Restricted|funds||||||1,284,766|1,085,614| ||||||||1,532,768|1,461,129| ## |||Unrestricted|Unrestricted| |---|---|---|---| |||funds|funds| |||2021|2020| ||||F| |Interest|receivable|975|1,885| ## |Unrestricted|Restricted|Total|Unrestricted| |---|---|---|---| |funds|funds||funds| |2021|2021|2021|2020| |8,233|3,312|11,545|12,724| ## ## ## |||||2021|2020| |---|---|---|---|---|---| |Staff costs||||1,103,984|972,375| |Premises|costs|||10,356|8,362| |Staff and|Volunteers|||7,816|23,561| |Office costs||||26,003|3,853| |Governance||Costs||3,538|1,888| |Other Costs||||40,585|45,312| |||||1,192,282|1,055,351| |Share of|support costs (see note 8)|||336,139|268,122| |Share of|governance||costs (see note 8)|18,117|24,050| |||||1,546,538|1,347,523| |Analysis|by|fund|||| |Unrestricted||funds||359,215|309,757| |Restricted|funds|||1,187,323|1,037,768| |||||1,546,538|1,347,525| ## |Support|costs||||||| |---|---|---|---|---|---|---|---| |||Support|Governance|2021|Support|Governance|2020| |||costs|costs||costs|costs|| |||||f||F|| |Staff costs||166,470||166,470|126,846||126,846| |Depreciation||12,700||12,700|12,700||12,700| |Premises|costs|45,318||45,318|56,543||56,543| |Staff and|Volunteer||||||| |Costs||706||706|6,352||6,352| |Other costs||14,110||14,110|16,305||16,305| |Office Costs||96,835||96,835|65,683||65,683| |Legal and|professional||18,117|18,117||7,744|7,744| |||336,139|18,117|354,256|284,429|7,744|292,173| |Analysed|between||||||| |Charitable|activities|336,139|18,117|354,256|268,123|24,050|292,173| ## ## ## |The average
monthly
num|ber
ofemployees
during
the y|ear was:|| |---|---|---|---| |||2021|2020| |||Number|Number| |Advice workers 8 support|staff|53|48| |Key management
personnel||3|2| |Total||56|50| |Employment
costs||2021|2020| |||F|F| |Wages and salaries||1,139,870|981,237| |Social security costs||89,090|77,198| |Other pension costs||41,494|40,786| |||1,270,454|1,099,221| ## |Tangible fix|ed asset|s|||| |---|---|---|---|---|---| ||||Freehold|land|and buildings| |Cost or valuation|||||| |At 1 April 2020|||||635,000| |Revaluation|||||(180,000)| |At 31 March|2021||||455,000| |At 1 April 2020|||||25,400| |Depreciation|charged|in the year|||12,700| |Revaluation|||||(38,100)| |Carrying
amount|||||| |At 31 March|2021||||455,000| |At 31 March|2020||||609,600| ## ## ## ## ## |Debtors||||| |---|---|---|---|---| ||||2021|2020| |Amounts
falling due|within one year:|||| |Trade debtors|||85,103|24,890| |Other debtors|||30,624|24,361| |Prepayments
and accrued income|||77,512|32,588| ||||193,239|81,839| |Creditors: amounts|falling due within one year|||| ||||2021|2020| |||Notes||| |Other taxation and social security|||27,632|23,352| |Deferred
income||15|148,097|67,752| |Trade creditors|||552,094|| |Other creditors|||7,591|8,164| |Accruals and deferred|income||39,542|38,895| ||||774,956|138,163| |Provisions
for liabilities|||2021|2020| |||||F| |Dilapidations|||30,000|| |Movements
on provisions:||||| |||||Dilapidations| |||||F| |Inherited
from Dudley|MBC|||27,500| |Additional
provisions|in the year|||2,500| |At 31 March 2021||||30,000| ## ## ## ## |2021|2020| |---|---| |148,097|67,752| |||||Vl8
VI0
CL||+
I
0
**(**0
Q
(C
CXI|Al
o
Cil
~Z
~||||||||||||lA
Cl
(D||||IA
Cl
lA|CO|O
CO
CO||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||CL0
08
CL||N
QI
VIC||(O
CO
CO|OO||O|IA
CD
IA|CO|I|I|||lA||CD
CO
CO|I||||||||CO
CO
(D|(O
IA|CI
CD| |||||Vl
i0||ClI-|||||||||||||||||||||||||CO| ||||||VI||||||||||||||||||||||||||| |||||VI
i
0C
Q|~C
iv
C|fh
QIU
0
g|'O
~C
xI|CO
lA
CO|O
O|||CDO
~|CD
CO
IA|lA
lA
Fl|CO
(D
CD|CO|CO|PL
N
IA
O|IA
IA|||CO|||||||PL|CD
(D|| |||||8
C )
CQ 0
hx||||O|OOO|P
CO|CDO|N
CD
(O||||O
P)|(D|O
O
O|O
IA|CD|CO|CD|lA
O||||||||CO
CO
Cl| |||||C||||(O||CD
CD|||IA|||lA
CO||(O||lA|||lA||||||||Cl| |||||CQ|||||||||||||||||||||||||||| |||||Vl|||||||||||||||||||||||||||| |||||0|||||||||||||||||||||||||||| |||||CUC0||v
+
QI
U|O
N
O
CV||||||||||||||||||O
CD||||||| |||||0||(C|C
CL|||||||||||||||||CO|CQ||||||| |||||VlQ0C|||||||||||||||||||||||||||| |||||m||VI||CO||||||||CO||||CD|||||||I||||Cl| |||||CU||||||||||||CI||||||||||N|||||Cl| |||||||VIC||O||||||||(D||||||||||CO|||||CD| |||||Ql||(QI-||CO|||||||||||||||||||||||| |||||O.
X
8C
0)
C
5
0|VI
~
C
.C
v
C|VI
I
0
L
0
N|&
I
~
I|04
lA
O||Cl
CO
CO||||||(O
CO
Cl|I|||O
CD
O
CV|N
CD
lA|||||IA
IA|O||||CO
CO
CI| |XD
KD
Kl
O
CI|O
LLIDZI-Z0
U
lOI-Z
LLI|Cb||0
0)
Vl
i
CL
E00
VI
Ql0
i|8|v
(Q
I
0
(Q|CD
~
o
CV
'C
CL|O
N
CO
N|I|Cl
CO
CO||||||lA|I|||lA
CO
CD|N
CD
CV
lA|||I
CO|(O
(A
P)|CO
(D
CO
I|CO
CO
O
CO||||IA
CO
lA
CO
CI
CO
CI| |||||Ql|||||||||||||||||||||||||||| |Z|UJ|U||Ql|||||||||||||||||||||||||||| |NI-
V
Z0I-
Z
ZK
0|lO
OZ
Z
LLIZI-0I-
(0
LLII-0Z|Q
0
Lu
0
LI.|Vl
C
iv
Ql0
VI
Ql|0C
\
CU
08
0
VI
4—
Q
E00
Ql
I-||||OO
0C
0O
0
Q
O
E
CL o
m
m.eO
i
L 0
Ql
CL
Biz|||Ql
Q
CI eO
O ~ 0
8 cl 8
0
Ql
8 .
c
i
0
m
g ~E
CQ
O
m
E
m
(Q eO
Uzz|||Q
O
O
Ql
O
CL
20
Ql
.=
m
CL|Ql
(0
0
0
z
I|CO
cL
cQ|0
Ql0
Cn
z|O
O|0
CL O
%o
CL Q3
D
Q3||e o
Vl
QI
O
CoO
Vl
CO
C
o"0||C
0
m
Q
mz~
0 .—
O
C
C ~ v
C g
CL
OO ~
yO
m
mO4
a 0 Z|||C0
CQ
C
U
c
m
W
m
II
Ql
vl
8
LLI|Ql
0|8
8
Vl
g
0-
CO|e c
O
Bh
I
I
Ql
Ql
E E
E E
CU
CQ
CD
CD
0 0
cL o.
Ql
Ql
O
O
(Q
m
CD
CD
i
i
Ql
Ql
LLI
LLI||| ||||e
C
C0O|O
0N Ee
C '0
C
CU0.
e
O 0.
NO
e
I—»
N e
O~
QO~e
C
c e
m
cL
N
N
C
N
0 O
N .~e|QNC
(U
E
E
Ne
(U
N
E
(UQ
N
Q
E0
O
C
e
OC||Q0)
5
Qe
Q
N
N
I—
N
e
e
0
CL|N
e
O
O
(U
LLI
QC0
CL
Qe
0
eO
CU
0
QO
(U|Ce
O
N
(U
C
E
N
(U g)
e Ce|e
13
C
0
C0
NCe0.
e
50
C
CdO
e
CU|E0»
e
O
Ne
C
»0
N
E
CU
O
0
00.|(U
O0
Co
CUe
CL0
UJe
Cd
e
0
PI
CCIe| |---|---|---|---|---|---|---|---|---|---|---|---|---| |XD
KD
Kl
O
CI
Z
NI-
V
Z0I-
Z
ZK
0|O
LLIDZI-Z0
U
lOI-Z
LLI
UJ
lO
OZ
Z
LLIZI-0I-
(0
LLII-0Z|O
U
Q
0
Lu
0
LI.|Ih
C
e
O
VIe
IL|O 0.
e
~0
N
Q) O
p e
0
0)
C
C p
& PI
C
eo e
C
Q
N 'e
e
C
L
Cd
Ne
N C'0
'v e c
CO
N ~
em 5
oCL e
C
N
CO=
E
e~ Q
m»
O~W
C
'Cd»
se
e ~pI
CU
»NC
Q
N 1O
(U
C s-
s
(U
cd e
»z
Cd/
Q
me 0
O Z
O
O
CL
0)~
(U
&&C
rl CL.i
Og.c
CV Q—c
Occ
5
O c
CD 0 eC
~)C
CO-
COV C
L
C C
cd —e
) &
eCCI e
CI=
CDc~- 5
~ ~~C
CID
m|Ne
Ne
CD
Cd
Q
I—
00.e
O
(U0.
E
(U
C
(U
0
C
0
e
C
(UO
N
Oe0
CL
e
C
!
0
0
(U
0
NC0
Q
CL0
Q
0
Cd
m
N
e 0
'0 0
e o»
N
0||E
Cd
Q
Ne
NN
Z!
Q
C
Cd
CD
C
N
0
N
Q
QJ3
e
Q
C0
C0
Cd
E
Cd
QO'5
N
Cd»O
Cd
) C
O~ o
e 0
C 0~
0 e
N
O
s
~ 2p
OQN
C
N
o~ c
e
~O O.
mNm
E ~
e E e
0—|C
CdC
E0
e
CL
N
C
Q
O0
eO
Cd
e
0
E
Q
0
0
QO
2
MeO
eC0
e
Q
C
N
QN
(U
N
CU
Oe
CL
N
0
CII E
(U
CU»Q
X&|I—m
N
e
(U
OC
CU
X ige
5»
Cde c
(U
C
m 5
) m
e Q
O
w E
e
eoe
E o
CL
e Ee
e c
PI
Cd
C
Cd
e e
O .—
0 c
C
8)
E c
Cd
x
m
cd E
E o
C
0
Cd
e)
Cd
Cd
e cL
N
Cd»
C
N0
C
CL 0
m
5
N
e
Cd
O
5
CdC
O.»|13
C
CU
e
C
e0.0e
O.e
0
eO
CU
Cd
'0 K
CD
0I.E
—E
m
M
CCI
CU»
CL 0
E
PN
(U
C
CL
Cde c
e
(U
0
f)o
O
(U
e
CCI
O
e
s
C
Q
N
N
C0
N
'N 5
Ce e
CL
Q
C 'Q
Cd
0
N
E
e 0 0
N» 'g
Ice
c
EEQ
Nmc
C
CLe Q
CLa5|N
0)
eO
Cd
eO
CO
Se
00
0
eO
NCe
N
O
CUC0
mZ
I
0
CU
N
0
e
O
Cd
C0
O
N
e
E
m Ce
PI E
0 ),
m
meN
O ~ C-
C
0 & 0
» +
o0
m
CLCL E
ZO
O|e
IL
CA
e
0e
CL0e
CL
e
0
CL
Ee
0
e
E
0
CL
Ee M
0
e»
N
m
CL
Q
e co
E0~
e 'g
O PI
Cd
e
m
O
e
CO C
CZ
CU
m o
N& ).
e 00.~
CL ~
C
N
o.=5
o.p»
om0
O)a
0
CU
e cLCL
Q
0)e
C-0
e
C
e
IQ C5 IL| ## ## ## ||Balance at|Transfers|Balance at|Transfers|Balance at| |---|---|---|---|---|---| ||1 April 2019||1 April 2020||31 March 2021| |Freehold
property|317,980||317,980||317,980| |Reserves
policy|265,882|91,928|357,810|243,074|600,884| |Digital Development||||30,000|30,000| |Transformation||||15,000|15,000| |Digital inclusion
officer||||30,000|30,000| |Volunteer co-ordinator||||30,000|30,000| |Workforce development||||40,000|40,000| |Health 8 well being||||15,000|15,000| |Black Country
Macmillan||||113,000|113,000| |MaPS Recomissioning||||160,000|160,000| |DMBC One Voluntary|||||| |Sector Contract||||115,000|115,000| ||583,862|91,928|675,790|791,074|1,466,864| ## ## |18|Analysis of|net assets|between funds|||||| |---|---|---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| ||||Funds|Funds||Funds|Funds|| ||||2021|2021|2021|2020|2020|2020| |||||||F|E|E| ||Fund balances at 31|||||||| ||March 2021|are||||||| ||represented|by:||||||| ||Tangible assets||455,000||455,000|609,600||609,600| ||Current assets/|||||||| ||(liabilities)||1,360,270|65,176|1,425,446|612,771||612,771| ||Provisions||(30,000)|-|(30,000)|||| ||||1,785,270|65,176|1,850,446|1,222,371||1,222,371| ## ## ## |under non-cancellable
operating
leases, which
fall due a|
s follows:|| |---|---|---| ||2021|2020| |Within one year|12,161|1,684| |Between two and five years|10,185|3,097| ||22,346|4,781| ## |21|Cash generated
from|operations|operations||||2021|2020| |---|---|---|---|---|---|---|---|---| ||Surplus for the year||||||769,975|128,244| ||Adjustments
for:|||||||| ||Investment
income recognised
in statement||||offinancial|activities|(975)|(1,885)| ||Depreciation
and impairment
of||tangible|fixed assets|||12,700|12,700| ||Movements
in working|capital:||||||| ||(Increase)
in debtors||||||(111,400)|(1,019)| ||Increase/(decrease)
in|creditors|||||556,448|(27,573)| ||(Decrease)
in provisions||||||30,000|| ||Increase/(decrease)
in|deferred|income||||80,345|(1,652)| ||Cash generated
from|operations|||||1,337,093|108,815|