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|**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|





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||**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|





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|||**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|





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|||**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|






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|||**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|





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||**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|





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||**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|





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|**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|



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|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|





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|**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|



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||**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|





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|**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|





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|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||





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||**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|