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2024-03-31-accounts
| 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 |