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||||Page|
|---|---|---|---|
|Trustees'/Directors'|report||3 - 10|
|Independent
Auditor's||report|11-13|
|Statement offinancial||activities|14|
|Balance sheet||||
|Cash flow statement|||16|
|Notes to the financial|statements||17-32|
##
##
|Charity number:|Charity number:|||519639|||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Company|number:|||02202427|||||||
|Authorised|dk regulated||by the Financial Conduct||Authority|||FRN:|617509||
|Registered|offlce:|||Gazette Buildings|||||||
|||||168Corporation|Street||||||
|||||Birmingham|||||||
|||||B46TF|||||||
|Trustee Directors:||||Paul Southon|||||||
|||||JiBLambert|||||||
|||||Councillor Gareth Moore|||||||
|||||Elizabeth Alvey|||||||
|||||Chaitali Desai|||||||
|||||Liam Bmoker|||||||
|||||Sundeep
Gill|||||||
|||||Lydia Stockdale|||||||
|||||Lucy Vernall|||||||
|||||Richard Burden|||||||
|||||Phil Marris|||||||
|||||Kay Burton-Williams||—Appointed|||2/3/23 Co-opted 22/2/23||
|||||Dee Kundi —Appointed|||9/3/23 Co-opted 22/2/23||||
|||||Stuart Crowe —resigned|||23/11/22||||
|||||Abisola Latunji-Cockbill|||-resigned||23/11/22||
|Senior Management||Team:||Janice Nichols (Chief||Executive)|||||
|||||Kelly Danks|||||||
|||||Samantha
Catchpole|||||||
|||||Jane Priest|||||||
|Auditors:||||CKCA Limited|||||||
|||||No. 4Castle Court 2|||||||
|||||Castlegate Way|||||||
|||||Dudley|||||||
|||||DY1 4RH|||||||
|Bankerst||||Unity Trust Bank|Pic||||||
|||||9Brindley Place|||||||
|||||Birmingham|||||||
|||||Bl 2HB|||||||
|Solicitors:||||DLA Piper UK LLP|||||Gowling WLG (UK) LLP||
|||||Victoria Square House|||||Two Snowhill||
|||||Birmingham
B24DL|||||Birmingham|B46WR|
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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
|||Note|Funds|Funds|2023|Funds|Funds|2022|
||||||8||f,|f.|
|Income from:|||||||||
|Donations
and legacies||2|7,565||7,565|2,935||2,935|
|Charitable
activities||3|820,905|986,274|1,807,179|737,412|1,085,198|1,822,610|
|Activities for generating|funds|4|2,912|27,975|30,887|8,648|7,532|16,180|
|Investments||5|24,014||24,014|13,528||13,528|
|Total income|||855896|1,014,249|1,869,645|762,523|1,092,730|1,855,253|
|Expenditure
on:|||720,861|979,550|1,700,411|827,551|1,020,406|1,887,307|
|Charitable
activities||6,7|369|25,583|25,952|1,129|5,757|6,886|
|Other expenditure||8|||||||
||||721/30|1,005,133|1,726@63|828,680|1,065,513|1,894,193|
|Total expenditure|||||||||
|Net income/(expenditure)|||||||||
|before transfer|||134,166|9,116|143,282|(66,157)|27,217|(38,940)|
|Transfers between funds||20,21|(4,713)|4,713||17,029|(17,029)||
|Net movement
in funds|||129,453|13,829|143,282|(49,128)|10,188|(38,940)|
|Reconciliation
offunds:|||||||||
|Total funds brought|||||||||
|forward at01 April 2022|||1,025,486|28,510|1,053,996|1,074,614|18,322|1,092,936|
|Total funds carried|||||||||
|forward at31March 2023|||1,154,939|42v339|1,197,278|1,025,486|28,510|1,053,996|
##
|||||||2023|||2022||
|---|---|---|---|---|---|---|---|---|---|---|
|||||Note|||||||
|Fixed assets|||||||||||
|Tangible assets||||14|||||||
|Investments||||14|225,000|||225,000|||
||||||||225,000|||225,000|
|Current assets|||||||||||
|Debtors||||15|309,083|||208,549|||
|Cash at bank and|in|hand||26|1,053,514|||963,432|||
||||||1)362,597|||1,171,981|||
|LiabiTities|||||||||||
|Creditors: amounts||falling due|||||||||
|within one year||||16|(310,319)|||(262,985)|||
|Net current assets|||||||1,052,278|||908,996|
|Total assets less|current||liabilities||||1,277,278|||1,133,996|
|Provisions for liahiTities||||19|||(80,000)|||(80,000)|
|Total net assets|||||||1,197,278|||1,053,996|
|Funds ofthe charity|||||||||||
|Unrestricted
funds:||||20|||||||
|General funds|||||145,746|||81,485|||
|Designated
Revaluation|||reserve||53,557|||53,557|||
|Other Designated|funds||||955,636|||890,444|||
||||||||1,154,939|||1,025,486|
|Restricted funds||||21|||42)339|||28,510|
|Total charity funds||||22|||1,197,278|||1,053,996|
||||||Note|2023|2022|
|---|---|---|---|---|---|---|---|
||||||||8|
|Cash flows from operating||activities:||||||
|Net cash|provided
by operating
activities||||25|66,068|(49,271)|
|Cash flows from investing||activities:||||||
|Dividends,|interest and rents|&om investments||||24,014|13,528|
|Net cash|provided
by investing
activities|||||24,014|13,528|
|Increase
/|(decrease) in cash|and cash equivalents||in||||
|the reporting
period||||||90,082|(35,743)|
|Cash and|cash equivalents|at the beginning|of|the||||
|reporting|period|||||963,432|999,175|
|Cash
and cash equivalents
at the end of||||the||||
|reporting|period||||26|1,053,514|963,432|
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|2|Donations and legacies|||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||Funds|Funds|2023|2022|
||||||f|||
||Donations and gifts|||7,565||7,565|2,935|
|3|income from charitable|activities||||||
||Grants and contract income||receivable|Unrestricted|Restricted|Total|Total|
||for charitable
activity
information|—advice and||Funds
8|Funds
f|2023
g|2022|
||General Advice:|||||||
||Birmingham
CC - Advice Service|||272400||272,500|210,000|
||Birmingham
8t Solihull|NHS|||160,296|160,296|131,232|
||Universal
Support —Help to Claim||||302,057|302,057|4$8,190|
||The Henry Smith Charity||||4$,250|48,250|35,625|
||Cadent Foundation||||7,084|7,084||
||Energy Saving Trust||||21,19$|21,198||
||Other grants|||6,237|7,901|14,138|21,407|
|||||278)737|546,786|$25,523|866,454|
||Debt Advice:|||||||
||Money Advice Service:|Debt|Advice|491,902||491,902|493,232|
||Community
Law Partnership||(CLP)|50,266||50,266|26,376|
||Other grants||||||7,804|
|||||542,168||542,168|527,412|
||Benefit Advice:|||||||
||Birmingham
CC - Mental Health||||74,000|74,000|74,000|
||Macmillan
Cancer Support||||365,488|365,488|334,744|
||||||439,488|439)488|408,744|
||Total income from charitable
activities|||820,905|986,274|1,807,179|1,822,610|
##
|ctivities f|or generating|funds|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||Fundsf|Funds|2023f|2022f|
|Solar panels dt cashback||scheme||||1,896|
|Windrush|compensation|scheme||||2,925|
|Other income|||2,912|27,975|30,887|11,359|
||||2,912|27,975|30/87|16,180|
|vestments|||||||
||||Unrestricted|Restricted|Total|Toad|
||||Funds
f.|Fundsf|2023|2022|
|Interest received|||9,581||9,581|528|
|Investment|property rental income||14,433||14,433|13,000|
||||24,014||24,014|13,528|
##
|xpenditure
on charitable
activities|by fund||||
|---|---|---|---|---|
||Unrestricted|Restricted|Total|Total|
||Fundsf|Funds|2023|2022|
|General Advice|207,290|543,160|750,450|917,304|
|Debt Advice|5139571||513/71|555,541|
|Bene6ts Advice||436890|436,390|414,462|
||720,861|979,550|1,700,411|1,887,307|
##
##
##
|||Analysis ofexpenditur||e
on charitable
activ|ities|||||
|---|---|---|---|---|---|---|---|---|---|
|||||Basisof|General|Debt|Benefits|Total|Total|
|||||Allocation|Advice|Advicef|Advice|2023|2022|
|||Direct costs:||||||||
|||Salaries and wages||Direct|528,467|389,633|322,440|1)240)540|1,367,861|
|||Staffand volunteers||Direct|4,507|360|903|5,770|3,739|
|||Offic costs||Direct|14,628|712|671|16&011|18,489|
|||Premises costs||Direct|64|||64||
|||Other costs||Direct|365|||365|70,714|
||||||548,031|390,705|324,014|1,262,750|1,460,803|
|||Support costs:||||||||
|||Salaries wages||StaffIHrs|61,933|38,205|34,084|134/22|104,164|
|||Staffand volunteers||Staff/Hrs|2@87|1,457|1,285|5,129|971|
|||Office costs||Staff/Hrs|72,239|44,981|40)352|157,572|191,678|
|||Premises costs||Staff/Hrs|58)256|33,555|32,740|124,551|105,579|
|||Governance
costs||Staff/Hrs|6@64|5,121|3,509|14,994|22,471|
|||Other costs||Staff/Hrs|1,239|(452)|406|1,193|1,641|
||||||202,418|122,867|112,376|437,661|426,504|
|||Total expenditure|on|||||||
|||charitable
activities|||750,449|513472|436&i90|1,700,411|1,887,307|
|||Other expenditure||||||||
||||||Unrestricted||Restricted|Total|Total|
|||||||Funds|Funds|2023|2022|
|||||||8|8|||
|||Investment
property||expenditure||369||369|1,129|
|||CEO Fonun|||||12)881|12)881|5,757|
|||Other expenditure|||||12,702|12,702||
|||||||369|25,583|25,952|6,886|
||9|Net incoming resources for the year||||||2023||
||This|is stated after charging||||||||
||Operating
leases - land and||buildings|||||91,819|85,257|
||Auditor's
remuneration:|||||||||
|||Audit||||||8,700|8,340|
||Depreciation
and Impairment|||Charges||||||
##
##
|Employees|2023|2022|2023|2022|
|---|---|---|---|---|
||FTK|FTE|Bead|Head|
||Number|Number|Count|Count|
|Number ofemployees|||||
|The average number ofemployees,|||||
|analysed by function was:|||||
|Advice workers and support staff|37|46|42|49|
|Key management
personnel|4|4|4|4|
||41|50|46|53|
||||2023|2022|
|Employment
costs|||||
|Wages and salaries|||1,202,743|1,294,122|
|Social security costs|||113/98|116,182|
|Pensions costs|||58,721|61,721|
||||1874,762|1,472,025|
##
##
|14|Fixed Assets|investment||||
|---|---|---|---|---|---|
|||Properties|Equipment|Furaiture|Total|
|||||K||
||Cost|||||
||At 31March 2022|225,000|32,550|10,589|268,139|
||At 31March 2023|225,000|32,550|10,589|268,139|
||Depreciation|||||
||At 1 April 2022||32,550|10,589|43,139|
||At 31March 2023||32,550|10,589|43,139|
||Net book value|||||
||At 31March 2023|225,000|||225,000|
||At31 March 2022|225,000|||225,000|
|15|Debtors||2023|2022|
|---|---|---|---|---|
||Grants receivable||196,432|112,413|
||Prepaym ants||31,140|34,101|
||Accrued income||81,511|59,802|
||Other debtors|||2433|
||||309,083|208,549|
|16|Creditors: amounts|falling due within one year|2023|2022|
||||5||
||Trade creditors||132,301|42,455|
||Social security costs||37,728|31,569|
||Pensions||8,199|9,578|
||Accruals||67,085|50,029|
||Deferred income||65,006|79354|
||Other creditors|||50,000|
||||310/19|262,985|
##
##
||||BCC|Mental|Universal|Others|
|---|---|---|---|---|---|---|
||||LEAS|Health|Support||
|||||f.|||
|Balance|as at 01|April 2022|50,000||7,729|21,625|
|Amount|released|to income earned|(50,000)||(7,729)|(21,625)|
|Amount|deferred|in year||3,700||61,306|
|Balance|asat31March 2023|||3,700||61,306|
|18|Financial instruments|||||2023|2022|
|---|---|---|---|---|---|---|---|
||Financial assets|||||||
||Financial assets measured|at|fair value through profit4loss:|||||
||-Cash atbank and in hand|||||1,053,514|963,432|
||Financial assets that are debt||instruments|measured|at amortised cost:|||
||-Grants receivable|||||196,432|112,413|
||-Accrued income|||||81,511|59,802|
|||||||1331,457|1,135,647|
||Fiuancial liabilities|||||||
||Financial liabilities measured||at amortised|cost:||||
||-Trade creditors|||||132,301|42,455|
||-Taxation and social security||costs|||37,728|31,569|
||-Pensions|||||8,199|9,578|
||-Accruals|||||67,085|50,029|
||-Other creditors||||||50,000|
|||||||245@13|183,631|
|19|Provisions for liabilities|||||2023|2022|
||Dilapidations
on leased preuuses|||||80,000|80,000|
||The dilapidations
cost is payable as follows:|||||||
||Within one year|||||80,000|80,000|
||Between one and two years|||||||
||Between two and five years|||||||
||After five years|||||||
|||||||80,000|80,000|
||Movement
in provisions|||||2023|2022|
||Dilapidations
provision brought forward|||||80,000|80,000|
||Increase/(decrease)
in the|year||||||
||Provision carried forward|||||80,000|80,000|
##
##
|20
Unrestricted|20
Unrestricted|funds||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||Balance at|||Transfer|Balance at|
||||||01April|Incoming|Resources|Between|31March|
||||||2022|resources|expended|Funds|2023|
|||||||f,|g||K|
|General funds|||||81,485|855,396|(721,230)|(69,905)|145,746|
|Designated|funds:|Reserves policy|||449,001|||65,192|514,193|
|Designated|funds:|Redundancies||fund|150,000||||150,000|
|Designated|funds:|Investment|property||225,000||||225,000|
|Designated|funds:|Properties|improvetuents||100,000||||100,000|
|Designated|funds:|ITimprovements|||20,000||||20,000|
|Total Unrestricted||funds|||1,025,486|855,396|(721,230)|(4,713)|1,154 tt39|
##
|||||Balance at|||Transfer|Balance at|
|---|---|---|---|---|---|---|---|---|
|||||01April|Incoming|Resources|Between|31March|
|||||2021|resources|expended|Funds|2022f|
|General funds||||89,335,|762,523|(778,680)|8,307|81,485|
|Designated|funds:|Reserves|policy|460,279|||(11,278)|449,001|
|Designated|funds:|Redundancies
fund||150,000||||150,000|
|Designated|funds:|Investment|property|225,000||||225,000|
|Designated|funds:|Properties|improvements|100,000||||100,000|
|Designated|funds:|ITimprovements||50,000||(50,000)|20,000|20,000|
|Total Unrestricted||funds||1,074,614|762,523|(828,680)|17,029|1,025,486|
##
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##
||||Balance at|||Transfer|Balance at|
|---|---|---|---|---|---|---|---|
||||01 April|Incoraing|Resources|Between|31March|
||||2021|resources|expended|Funds|2022|
||||6|||6||
|Birmingham||CC - Mental Health|18,322|74,000|(73,183)||19,139|
|Birmingham||&Solihull CCG||131,232|(107,669)|(23,563)s||
|Macmillan||Cancer Support||334,744|(341,278)|6,534||
|The Henry||Smith Charity||35,625|(29,719)||5,906|
|Universal|Support —Help to Claim|||488,190|(488,190)|||
|CEO Forum||||7,532|(5,757)||1,775|
|Other||||21,407|(19,717)||1,690|
|Total|||18,322|1,092,730|(1,065,513)|(17,029)|28,510|
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|Analysis o|fnet assets between funds||||
|---|---|---|---|---|
|||Unrestricted|Rest)acted||
|||funds|funds|Total|
|||||K|
|Fund balances at 31March 2023 are|||||
|represented|by:||||
|Investment|property|225)000||225,000|
|Net current|assets|1)009,939|421339|1,052,278|
|Pmvisions||(80,000)||(80,000)|
|||1,154,939|42439|1,197,278|
|||Unrestricted|Restricted||
|||funds|funds|Total|
|||f.|||
|Fund balances at 31March 2022 are|||||
|represented|by:||||
|Investment|property|225,000||225,000|
|Net current|assets|880,486|28,510|908,996|
|Provisions||(80,000)||(80,000)|
|||1,025,486|28,510|1,053,996|
##
##
||Land and buildings|Land and buildings||Other||
|---|---|---|---|---|---|
||2023|2022|2023||2022|
|Within one year|43,629|87,257||||
|Between one and two years||||||
##
|25|ReconciTiation ofcash flows from operating|activities||2023|2022|
|---|---|---|---|---|---|
||Net income / (expenditure)
for the reporting period|||143)282|(38,940)|
||Add: Depreciation
charge|||||
||Less: Dividends,
interest and rents &om investinents|||(24,014)|(13,528)|
||(Increase) / decrease in debtors|||(100,534)|(15,792)|
||Increase / (decrease) in creditors and provisions|||47@34|18,989|
||Net cash provided
by operating
activities|||66,068|(49,271)|
|26|Analysis ofcash and cash equivalents|||2023|2022|
||||||5|
||Cash at bank and in hand|||1,053,514|963,432|
||Total cash and cash equivalents|||1,053,514|963,432|
|26A|Analysis ofchanges in net debt|||||
||||At start|Casbflows|At end|
||||ofyear
f|in yearf|ofyear|
||Cash||963,432|90,082|1,053,514|
||||963,432|90,082|1,053)514|
##