REGISTERED CHARITY NUMBER.. 517091 REPORT OF THE TRUSTEES AND UNAUOITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR SANDWELL MULTI CARE GROUP E R Grove & Co Limited Grove House Coombs Wood Court Steel Park Road Halesowen Wesl Midlands 862 8BF
SANDWELL MULTI CARE GROUP CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees Independent Examiner's Report Statoment of Flnancial Activitles Balanco Sheèt Cash Flow Statement Notes to the Cash Flow Statement Notes to the Financial Statemènts 7 10 11 Detailed Statement of Flnanclal Activitle8 12 10 13
SANDWELL MULTI CARE GROUP REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report with the financial slalemenls of the charity for the year ended 31 March 2024. The Iruslees have adopted the provisions of Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffeclive 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims The chanly delivers a variety of SeiceS lo both children and adults who live in the Sandwell Borough who have severe learning disabilities and l or additional difficulties. The Charity's work is based afound providing an individualised care and support service, which meet the needs of the individuals and their families. We aim lo ensure that each individual receives a positive experience. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document. a deed of trust and conslilules an unincorporated charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 517091 Prlncipal address 15 Brook House Brook Slreel Business Centre Brook Street Tipton Wesl Midlands DY4 9DO Tru8t809 Mrs J Poole Chair Mrs D Rabone Secretary Mrs S Owen Vice Chair Mr A Owen Trustee Mr P Bennell Treasurer Mrs C Wheatley Trustee Mrs D Weslcoll Trustee Mrs N Hartill Trustee Independent Examiner E R Grove & Co Limited Grove House Coombs Wood Court Steel Park Road Halesowen Wesl Midlands 862 88F PUBLIC 8ENEFIT The Trtsslees confirm that they have referred lo the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future aclivilies. Approved by order of the board of trustees on 11 November 2024 and signed on its behalf by.. IR{9 Mrs J Poole - Trustee Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SANDWELL MULTI CARE GROUP Independent examiner's report to the trustees of Sandwell Multi Care Group I report lo the charity Iruslees on my examination of the accounts of Sandwell Mulli Care Group {Ihe Trust) for the year ended 31 March 2024. Responsibilities and basis of report As the charity Iruslees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'lhe Acl'l. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 14515llbl of the Act. Independent examinees statement Since your charity's gross income exceeded £250,000 your examiner musl be a member of a listed body. I can confirm that l am qualified lo undertake the examination because l am a member of the Association of Chartered Certif1ed Accounlanls, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have Come lo my allenlion in connection with the examination giving me cause to believe that in any material fespecl.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act.. or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concerning the form and conlenl of accounts set out in the Charities {Accounls and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other mallers in connection with the 6xaminalion lo which allenlion should be drawn in this réport in order lo enabl8 a proper understanding of the accounts lo be reached. Steven Lomas E R Grove & Co Limited Grove House Coombs Wood Court Steel Park Road Halesowen Wesl Midlands B62 8BF 11 November 2024 Page 2
SANDWELL MULTI CARE GROUP STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds Unreslricled Restricted fund fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 579,099 579,099 492,240 Other Iiading activities Investment income 19,877 5.286 19,877 5,286 18,748 18,5701 Total 604,262 604.262 502,418 EXPENDITURE ON Raising funds 604,377 604.377 550,798 NET INCOMEIIEXPENOITUREI 1115) 1115) {48.380} RECONCILIATION OF FUNDS Total funds brought fOard 264,015 264,015 312,395 TOTAL FUNDS CARRIED FORWARD 263.900 263,900 264,015 The notes form part of these financial statements Page 3
SANDWELL MULTI CARE GROUP BALANCE SHEET 31 MARCH 2024 2024 Total funds 2023 Total funds Unreslricled Restricted fund fund Notes FIXED ASSETS Investment property 10 62,384 62.384 62,384 CURRENT ASSETS Debtors Cash al bank and in hand 54.347 165.924 54,347 165,924 41,739 169,321 220,271 220,271 211.060 CREDITORS Amounts falling due within one year 12 {18.755) 118,7551 19,4291 NET CURRENT ASSETS 201,516 201,516 201,631 TOTAL ASSETS LESS CURRENT LIABILITIES 263,900 283,900 264,015 NET ASSETS 263.900 263.900 264,015 FUNDS Unrestricted funds 13 263.900 264,015 TOTAL FUNDS 263,900 284,015 The financial slalemenls were approved by the Board of Trustees and aulhorised for issue on 11 November 2024 and were signed on ils behalf by Mrs J Poole- Trustee Mr P Benneiiefruslee The notes form part of these financial statements Page 4
SANDWELL MULTI CARE GROUP CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating activities Cash generated from operations 13,684) 154,0191 Nel cash used in operating activities 13.6841 {54,019) Cash flows from investlng activities Interest received 287 46 Nel cash provided by investing activities 287 46 Change in cash and cash equlvalents in the reporting period Cash and cash equlvalent8 at the beginning of the reporting perlod 13,3971 {53,9731 169,321 223.294 Cash and cash equivalents at the end of the reporting period 165.924 169,321 The notes form part of these financial statements Page 5
SANDWELL MULTI CARE GROUP NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net expendlture for the reporting period la$ per the Statement of Financial Activities) Adjustments for.. Depreciation charg8S Interest received Increase in debtors Increaselldecrease) in creditors 1115) {48,380) 1 ,432 {46} 14.8171 12,2081 {2871 {12,6081 9,326 Net cash used In operatlon8 {3,684) {54,0191 ANALYSIS OF CHANGES IN NET FUNDS Al 1.4.23 Cash flow Al 31.3.24 Net cash Cash al bank and in hand 169.321 (3,397) 165,924 169,321 13,3971 165.924 Total 169,321 13,397) 165,924 The notes form part of these financial statements Page 6
SANDWELL MULTI CARE GROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial slalemenls of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 102) 'Accounling and Reporting by Charities. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191., Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Slalemenl of Financial Activities once the charity has enlillemenl to the funds, il is probable that the income will be received and the amount can be measured reliably. Investment income is earned through holding assets for investment purposes including interest and rent. Where the amount can be measured reliably, investment income is recorded nel of costs. Expenditure Liabilities are recognised as expenditurè as soon as there is a legal or conslruclive obligation commilling the charity lo that &xpendilure, il is probable that a transfer of economic benefits will be required in selllemenl and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings Ihal aggregate all cost related lo the category. Where costs cannot be directly allribuled lo particular headings they have been allocated lo activities on a basis consistent with th8 use of resources. Allocatlon and apportionment of costs Costs are allocated between direct charitable and other expenditure according lo the nature of the cost. Where item5 involve more than one category they are apportioned between the categories according lo the nature of the cost, A detailed analysis of the alloc81ion of costs is given in the notes lo the accounts. Investment property Investment property is shown al most fecenl valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Slalemènt of Financial Aclivilies. Taxation Any surplu5 of the charity's income over expenditure is applied solely for the Purposes of the chanly and ils activities are the primary purpose of the charity. Accordingly, the charity is exempt from liability lo laxalion. Fund accounting Unreslricled funds can be used in accordance with the charitable objectives al the discretion of the Iruslees. Reslricled funds can only be used for particular reslficled purposes within the objects ol the charity. Reslriclions arise when specified by the donor or when funds are raised for particular reslricled purposes. Pension costs and other post-retirement benefits The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged lo the Slalemenl of Financial Activities in the period to which they relate. DONATIONS AND LEGACIES 2024 2023 Donations and gifts Local authority l Direct payments 7,049 572,050 1 ,626 490,614 579.099 492,240 Page 7 continued...
SANDWELL MULTI CARE GROUP NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 OTHER TRADING ACTIVITIES 2024 2023 Shop income 19.877 18,748 INVESTMENT INCOME 2024 2023 Bungalow fents received Bungalow expenditure Deposit account interest 14,733 19,7341 287 13,735 122,351) 46 5,286 18,570} RAISING FUNDS Raising donations and legacies 2024 2023 Staff costs Support costs 338,859 260,464 284.202 261.054 599,323 545,256 Other tradlng activities 2024 2023 Purchases 5,054 5,542 Ag9regale amounts 604,377 550,798 SUPPORT COSTS Governance costs Management Finance other Totals Raising donations and legacies 250,363 379 4.382 5,340 260,464 TRUSTEES. REMUNERATION AND BENEFITS There was no remuneration paid lo Iruslees during the year. Trustees, expenses There were no expenses reimbufsed lo Iruslees, during 202412023.. £Nill Page 8 continued.
SANDWELL MULTI CARE GROUP NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 467,830 26,514 7,203 429,188 21,999 5,746 501,547 456,933 The average monthly number of employees during the year was as follows.. 2024 32 2023 41 Adminislralive and support staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund Total funds INCOME ANO ENDOWMENTS FROM Donations and legacies 492.240 492,240 Other trading activities Investment income 18,748 18.5701 18,748 18,570} Total 502,418 502.418 EXPENDITURE ON Raising funds 550.798 550,798 NET INCOMEIIEXPENDITURE} {48,3801 148,380) RECONCILIATION OF FUNDS Total funds brought forward 312,395 312,395 TOTAL FUNDS CARRIED FORWARD 264,015 264,015 10. INVESTMENT PROPERTY FAIR VALUE Al 1 April 2023 and 31 March 2024 71.692 AMORTISATION Al l April 2023 and 31 March 2024 9,308 NET BOOK VALUE At 31 March 2024 62,384 At 31 March 2023 62,384 Page 9 continued.,.
SANDWELL MULTI CARE GROUP NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 11. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Outstanding contract income Prepayments and accrued income 49,402 4,945 38,988 2,751 54,347 41.739 12. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Taxation and social security Other creditors 10.040 6,413 2,302 1.870 5,587 1 ,972 18,755 9,429 MOVEMENT IN FUNDS Nel movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 264,015 {115) 263,900 TOTAL FUNDS 264,015 1115) 263,900 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 604,262 {604,377} {1151 TOTAL FUNDS 604,262 (604,3771 {115) Comparatives for movement in funds Nel movement in funds At 31.3.23 At 1.4.22 Unrestricted funds General fund 312,395 {48,380) 264.015 TOTAL FUNDS 312,395 148,380) 264,015 Page 10 continued...
SANDWELL MULTI CARE GROUP NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 13. MOVEMENT IN FUNDS - continued Comparative net movement in funds. included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 502,418 (550.798) {48.3801 TOTAL FUNDS 502,418 15SO,798) 148,380) A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds Al 31.3.24 At 1.4.22 Unrestrlcted funds General fund 312.395 148,4951 263.900 TOTAL FUNDS 312,395 {48,495) 263,900 A current year 12 months and prior year 12 months combined nel movement in funds, includèd in th8 above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 1,106,680 11.155,1751 148,495} TOTAL FUNDS 1,106,680 11,155.1751 148,4951 14. RELATEO PARTY DISCLOSURES There were no relaled party transactions for the year ended 31 Ma(ch 2024. Page11
SANDWELL MULTI CARE GROUP DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacios Donations and gifts Local authority l Direct payments 7,049 572,050 1,626 490,614 579,099 492,240 Other trading activities Shop incom6 19,877 18,748 Investment income Bungalow rents received Bungalow expenditure Deposit account interest 14,733 19,7341 287 13,735 {22,3511 46 5,286 {8,5701 Total incoming resources 604,262 502,418 EXPENDITURE Raising donatlon8 and legacies Wages Social secufily 323,396 15,463 273,982 10.220 338,859 284,202 Other tradlng actlvltlos Shop expenses 5.054 5.542 Support CO8t8 Management Wages Social security Pensions Insurance Travelling Telephone Postage and slalionery Contribution to upkeep of premises Sundries Consullancy 144,434 11,051 7,203 9,716 42,883 4,217 1,133 24,629 1,374 3,723 155,206 11,779 5,746 8,778 39,867 2,972 3,107 20,985 718 3,723 250,363 252,881 Flnance Bank charges 379 378 Other Care standard expenses Care allendanls expenses Impairment losses for tangible fixed assets 3,306 1,076 120 1,083 1,432 4,382 2,635 Governance costs Accountancy 5.340 5,160 This page does not form part of Ihe statutory financial slalemenls Page 12
SANDWELL MULTI CARE GROUP DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Total resources expended 604.377 550,798 Net expenditure 1115} 148,3801 This page does not form part of the statutory financial statements Page 13