| Trustees | Mr A Wall MBE (Chairman) |
|---|---|
| Mr C Adams | |
| Mr J Grenfell (Honorary Treasurer) | |
| Mrs C Noble | |
| Mrs L Boswell | |
| Mr M Ganner | |
| Mrs T Hackett | |
| Charity number | 529464 |
| Principal address | 17 Victoria Road |
| Harborne | |
| Birmingham | |
| B17OAQ | |
| Centre manager | Gary Watson |
| Independent examiner | Jerroms |
| Lumaneri House | |
| Blythe Gate | |
| Blythe Valley Park | |
| Solihull | |
| West Midlands | |
| B90 8AH | |
| Bankers | Lloyds Bank |
| University of Birmingham branch | |
| 142 Edgbaston Park | |
| Investment advisors | Canaccord Genuity Wealth Management |
| 7th floor, 4 Temple Row | |
| Birmingham | |
| B2 5HG |
| Page | |
|---|---|
| Trustees'report | 1-5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Statement of cash flows | 9 |
| Notes to the financial statements | 10-19 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2024 | 2024 | 2024 | 2023 | 2023 | 2023 | ||
| Nlotes | £ | £ | £ | £ | £ | £ | |
| Income from: | |||||||
| Donations and legacies | 3 | 120,624 | - | 120,624 | 233,338 | - | 233,338 |
| Charitable activities | 4 | 497,291 | - | 497,291 | 398,299 | - | 398,299 |
| Investments | 5 | 42,581 | - | 42,581 | 33,595 | - | 33,595 |
| Total income | 660.496 | - | 660,496 | 665,232 | - | 665,232 | |
| Expenditure on: | |||||||
| Raising funds | 6 | 6,527 | - | 6,527 | 5,129 | - | 5,129 |
| Charitable activities | 7 | 588,065 | - | 588,065 | 520,646 | - | 520,646 |
| Total expenditure | 594,592 | - | 594,592 | 525,775 | - | 525,775 | |
| Net gainsZ(losses) on | |||||||
| investments | 65,495 | - | 65,495 | (90,161) | - | (90,161) | |
| Net income | 131,399 | - | 131,399 | 49,296 | - | 49,296 | |
| Transfers between | |||||||
| funds | 10,000 | (10,000) | - | - | - | - | |
| Net movement in | |||||||
| funds | 9 | 141,399 | (10,000) | 131,399 | 49,296 | - | 49,296 |
| Reconciliation of funds: | |||||||
| Fund balances at 1 April | 2023 | 1,449,248 | 10,000 | 1,459,248 | 1,399,952 | 10,000 | 1,409,952 |
| Fund balances at 31 March | |||||||
| 2024 | 1,590,647 | - | 1,590,647 | 1,449,248 | 10,000 | 1,459,248 |
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 13 | 12,211 | 16.335 | ||
| Investments | 14 | 1,081,022 | 993,421 | ||
| 1,093,233 | 1,009.756 | ||||
| Current assets | |||||
| Stocks | 15 | 40 | 60 | ||
| Debtors | 16 | 88,083 | 65,051 | ||
| Cash at bank and in hand | 436,902 | 403,485 | |||
| 525,025 | 468,596 | ||||
| Creditors: amounts falling due within | 17 | ||||
| one year | (27,611) | (19,104) | |||
| Net current assets | 497,414 | 449,492 | |||
| Total assets less current liabilities | 1,590,647 | 1,459,248 | |||
| The funds of the Charity | |||||
| Restricted income funds | 19 | - | 10,000 | ||
| Unrestricted funds | 1,590,647 | 1,449,248 | |||
| 1,590,647 | 1.459,248 |
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Cash flows from operating activities | |||||
| Cash generated from operations | 23 | 14,147 | 97,166 | ||
| Investing activities | |||||
| Purchase of tangible fixed assets | (1,205) | (2,434) | |||
| Purchase of investments | (129,077) | (120,166) | |||
| Proceeds from disposal of investments | 106,971 | 97,864 | |||
| Investment income received | 42,581 | 33,595 | |||
| Net cash generated from investing | |||||
| activities | 19,270 | 8,859 | |||
| Net cash used in financing activities | - | - | |||
| Net increase in cash and cash equivalents | 33,417 | 106,025 | |||
| Cash and cash equivalents at beginning of year | 403,485 | 297,460 | |||
| Cash and cash equivalents at end of year | 436,902 | 403,485 |
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Donations from Trusts and Companies | 35,800 | 34,668 |
| Legacies received | 7,002 | 150,592 |
| Grants received | 65,450 | 39.420 |
| Other | 12,372 | 8,658 |
| 120,624 | 233,338 |
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Statutory-Local Authority Day Care | 304.287 | 241,250 |
| Non Statutory - Other Income | 193,004 | 157,049 |
| 497.291 | 398,299 |
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Income from listed investments | 32,785 | 32,940 |
| Interest receivable | 9,796 | 655 |
| 42,581 | 33,595 |
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | , 2023 | |
| £ | £ | |
| Fundraising and publicity | ||
| Other fundraising costs | 6,527 | 5,129 |
| Expenditure on charitable activities |
| Unrestricted | Unrestricted | |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Direct costs | ||
| Staff costs | 434,359 | 384,432 |
| Depreciation and impairment | 5,329 | 5,544 |
| Other staff costs | 2,038 | 1,274 |
| Buildings costs | 28,864 | 25,397 |
| Transport and travel | 14,916 | 17,325 |
| General welfare costs | 25,910 | 26,954 |
| Office expenditure | 16,264 | 13,760 |
| Insurances | 4,682 | 3,921 |
| Holidays and events | 28,536 | 16,856 |
| 560,898 | 495,463 | |
| Share of support and governance costs (see note 8) | ||
| Governance | 27,167 | 25,183 |
| 588,065 | 520,646 | |
| Analysis by fund | ||
| Unrestricted funds | 588,065 | 520,646 |
| Support costs allocated to activities | ||
| 2024 | 2023 | |
| £ | £ | |
| Governance costs | 27,167 | 25,183 |
| Analysed between: | ||
| Unrestricted | 27,167 | 25,183 |
| Support costs allocated to activities | (Continued) | |
|---|---|---|
| 2024 | 2023 | |
| Governance costs comprise: | £ | £ |
| Accountancy | 4,430 | 3,730 |
| Legal and professional | 6,355 | 6,314 |
| Bank charges | 408 | 793 |
| Professional services | 4,930 | 4,812 |
| Investment management fees | 11,044 | 9,534 |
| 27,167 | 25,183 | |
| Net movement in funds | 2024 | 2023 |
| £ | £ | |
| The net movement in funds is stated after chargingZ(crediting): | ||
| Fees payable for the independent examination of the charity's financial | ||
| statements | ||
| Depreciation of owned tangible fixed assets | 5,329 | 5,544 |
| The average monthly number of employees during the y | ear was: | |
|---|---|---|
| 2024 | 2023 | |
| Direct chargeable activities | 19 | 19 |
| Employment costs | 2024 | 2023 |
| £ | £ | |
| Wages and salaries | 392,812 | 348,422 |
| Social security costs | 25,054 | 21,665 |
| Other pension costs | 16,493 | 14,345 |
| 434,359 | 384,432 |
| Tangible fixed assets | ||||
|---|---|---|---|---|
| Freehold land | Fixtures and Motor vehicles | Total | ||
| and buildings | fittings | |||
| £ | £ | £ | £ | |
| Cost | ||||
| At 1 April 2023 | 3.403 | 82,552 | 60,587 | 146,542 |
| Additions | - | 1,205 | - | 1,205 |
| At 31 March 2024 | 3,403 | 83,757 | 60,587 | 147,747 |
| Depreciation and impairment | ||||
| At 1 April 2023 | - | 74,130 | 56,077 | 130,207 |
| Depreciation charged in the year | - | 3,689 | 1,640 | 5,329 |
| At 31 March 2024 | - | 77,819 | 57,717 | 135,536 |
| Carrying amount | ||||
| At 31 March 2024 | 3,403 | 5,938 | 2,870 | 12,211 |
| At 31 March 2023 | 3,403 | 8,422 | 4,510 | 16,335 |
| Listed | Cash in | Total | |
|---|---|---|---|
| investments | portfolio | ||
| £ | £ | £ | |
| Cost or valuation | |||
| At 1 April 2023 | 883,675 | 109,746 | 993,421 |
| Additions | 129,077 | - | 129,077 |
| Disposals | - | (90,274) | (90,274) |
| At 31 March 2024 | 1,012,752 | 19,472 | 1,032,224 |
| Carrying amount | |||
| At 31 March 2024 | 1,012,752 | 19,472 | 1,032,224 |
| At 31 March 2023 | 883,675 | 109,746 | 993,421 |
| **14 ** | Fixed asset investments | (Continued) | |
|---|---|---|---|
| 2024 | 2023 | ||
| Investments at fair value comprise: | £ | £ | |
| Bonds | 211,476 | 149,700 | |
| Equities | 691,111 | 603,011 | |
| Alternative investments | 141,632 | 130,965 | |
| Cash | 36,803 | 109,746 | |
| 1,081,022 | 993,422 | ||
| **15 ** | Stocks | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Kitchen stocks | 40 | 60 | |
| **16 ** | Debtors | ||
| 2024 | 2023 | ||
| Amounts falling due within one year: | £ | £ | |
| Trade debtors | 27,340 | 12,889 | |
| Accrued income | 49,211 | 41,695 | |
| Prepayments | 11,532 | 10,467 | |
| 88,083 | 65,051 | ||
| **17 ** | Creditors: amounts falling due within one year | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Other taxation and social security | 7,615 | 5,874 | |
| Trade creditors | 3,163 | 1,415 | |
| Accruals | 16,833 | 11,815 | |
| 27,611 | 19,104 | ||
| **18 ** | Retirement benefit schemes | ||
| 2024 | 2023 | ||
| Defined contribution schemes | £ | £ | |
| Charge to profit or loss in respect of defined contribution schemes | 16,493 | 14,345 |
| The restricted funds of the charity comprise the unexpended balances of donations and grants | The restricted funds of the charity comprise the unexpended balances of donations and grants | The restricted funds of the charity comprise the unexpended balances of donations and grants | held | on trust |
|---|---|---|---|---|
| subject to specific conditions by donors as to how they may be used. | ||||
| At 1 April | Transfers | At 31 March | ||
| 2023 | 2024 | |||
| £ | £ | £ | ||
| National Lottery grant - Music Project | 10,000 | (10,000) | - | |
| Previous year: | At 1 April | Transfers | At 31 March | |
| 2022 | 2023 | |||
| £ | £ | £ | ||
| National Lottery grant - Music Project | 10,000 | - | 10,000 | |
| Analysis of net assets between funds | ||||
| Unrestricted | Restricted | Total | ||
| funds | funds | |||
| 2024 | 2024 | 2024 | ||
| £ | £ | £ | ||
| At 31 March 2024: | ||||
| Tangible assets | 12,211 | - | 12,211 | |
| Investments | 1,081,022 | - | 1,081,022 | |
| Current assets/(liabilities) | 497,414 | - | 497,414 | |
| 1.590,647 | - | 1,590,647 | ||
| Unrestricted | Restricted | Total | ||
| funds | funds | |||
| 2023 | 2023 | 2023 | ||
| £ | £ | £ | ||
| At 31 March 2023: | ||||
| Tangible assets | 16,335 | - | 16,335 | |
| Investments | 993,421 | - | 993,421 | |
| Current assets/(liabilities) | 439.492 | 10,000 | 449,492 | |
| 1,449,248 | 10,000 | 1,459,248 |
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Within one year | 1,152 | 1,152 |
| Between two and five years | 2,112 | 3,264 |
| 3,264 | 4,416 |
| **23 ** | Cash generated from operations | 2024 | 2023 |
|---|---|---|---|
| £ | £ | ||
| Surplus for the year | 131,399 | 49,296 | |
| Adjustments for: | |||
| Investment income recognised in statement of financial activities | (42,581) | (33,595) | |
| (Gain)Zloss on disposal of investments | (65,495) | 90,161 | |
| Depreciation and impairment of tangible fixed assets | 5,329 | 5,544 | |
| Movements in working capital: | |||
| Decrease/(increase) in stocks | 20 | (10) | |
| (Increase) in debtors | (23,032) | (14,089) | |
| IncreaseZ(decrease) in creditors | 8,507 | (141) | |
| Cash generated from operations | 14,147 | 97,166 |