Charity registration number 1025525 (England and Wales)
WYCOMBE MULTICULTURAL ORGANISATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
WYCOMBE MULTICULTURAL ORGANISATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Dr T Adoh Mr K Bonsu Mr H Oriabure Mr L Bute Mr B Lewis Ms J Joseph
Charity number Independent examiner
1025525 Azets Audit Services Suites B & D Burnham Yard Beaconsfield Buckinghamshire HP9 2JH
WYCOMBE MULTICULTURAL ORGANISATION
CONTENTS
| Page | |
|---|---|
| Trustees report | 1 - 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 - 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 19 |
WYCOMBE MULTICULTURAL ORGANISATION
TRUSTEES REPORT FOR THE YEAR ENDED 28 FEBRUARY 2025
The trustees present their annual report and financial statements for the year ended 28 February 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
Our Mission
Our mission is to provide support and services that will improve the educational, economic, social, physical, and spiritual well-being of the African/Caribbean community in High Wycombe and its surrounding areas.
Our Objectives
Wycombe Multicultural Organisation (WMCO) is a community charity that represents and will be the HUB of the interests of approximately 9600 people (as per the 2021 census) from African Caribbean heritage backgrounds in High Wycombe and the surrounding area.
As a community organisation and a facility provider we can offer several different activities and services at the Hilltop Community Centre which benefit the community.
Youth Support
Akacia Complementary Saturday school caters for the extra-curricular needs of African Caribbean children aged 5-16 years.
Education catchup revision courses for Year 11 children about to take their GCSE exams and preparing the Year 10 children one year before their exams.
WMCO will work with our local partners to provide Community Mentoring projects to promote social cohesion by connecting young people with a diverse range of passionate volunteers from the community.
WMCO is seeking to set up a regular youth club for those under 16.
Community Funding
WMCO will actively seek and apply for funding that would benefit the community which emphasis on our youth and their education, general health and well-being and the support of our senior citizens.
Leisure activities (Arts, Craft and Music)
We have a dedicated Leisure Officer and team who are responsible for the ongoing leisure time activities for the Organisation and the community. They plan and develop fundraising activities and events and work with other organisations to share views and develop working relationships such as joint ventures.
Members Support
We have a dedicated Social Welfare Officer who actively keeps in contact with members that may fall ill, suffer from a family bereavement or we have not had contact for some time.
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WYCOMBE MULTICULTURAL ORGANISATION
TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025
Organise Annual Community Events / Celebrations
We organise annual celebrations for the community which includes Black History month celebrations, St Vincent Independence Day, the annual Christmas dinner for the elderly, the annual community BBQ, the annual cinema movie for children as well as a seaside trip to popular coastal destinations.
Senior Citizens Support
WMCO set up a weekly program called the Movers & Shakers where the senior citizens meet weekly for three hours to exercise, discuss health issues with guest speakers and enjoy lunch together and reminisce about the good old days.
Social Media Communication
WMCO will regularly update our social media (i.e. Facebook and Instagram) with content that informs and benefits the community in a variety of areas such as:
Graduate schemes that want applications from the African Caribbean graduates Current affairs and topics Recent community deaths and funeral dates Social & fund raising events Provide services to the local community Education and training Akacia Supplementary Saturday School Specialist tutoring, e.g. GCSE revision courses Training and support for people with special needs Advice and support for people who need help developing the employability skills Social and leisure activities
Through our Hilltop community centre we provide spaces for various sports, social and leisure activities, e.g.
Sports clubs Private social functions such as weddings, birthdays and christenings Dominoes club and other social get-togethers Cultural events Baby and toddler groups Hosting of community events and celebrations Welfare services Access to health clinics and health programmes Senior citizens support group Hardship support Community Hub
A physical community hub for the local African Caribbean community
Through the website and social media become the advertising and communications hub for the community
Raise funds for the benefit of the local community
WMCO actively seeks and applies for funding that would benefit the community, with an emphasis on young people and their education, general health, well-being and support of our senior citizens, and cultural enrichment.
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WYCOMBE MULTICULTURAL ORGANISATION
TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025
Achievements and performance
Chairman's comments:
It was a fantastic year with many projects delivered as highlighted above.
WMCO key achievements included:
-
The National Lottery Community Fund extended their support of the charity and the local community by a further 5 years at £60,058 per year is testament to the fact that the charity is fulfilling its aims and objectives of supporting the Caribbean and African communities.
-
The Rothchilds Foundation granted the charity £26,000 over 3 years to support the community with a qualified financial advisor covering all aspects of personal finance.
-
We were successfully in receiving funding from the Red Kite Springboard Fund to hold Math’s revision courses for the Year 11 students taking their GCSE Math’s exams the summer of 2024. We recruited 5 expert Math’s teachers from the same background who delivered an excellent revision course for 35 of our local children to prepare them for their exams. Most of the children achieved or exceeded their predicted grades.
-
WMCO set up a 30-week program called the Movers & Shakers, once again funded by The Heart of Bucks, where the senior citizens met weekly for four hours to exercise, discuss health issues with invited guest speakers and enjoy lunch together to reminisce about the good old days.
-
WMCO in collaboration with the High Commission of St Vincent and the Grenadines hosted the Ralph Gonsalves the Prime Minister of St Vincent and the Grenadines at the Hilltop Centre. He engaged, updated and fielded questions by the SVG diaspora.
-
The WMCO membership has significantly increased to 160 in February 2025, 140 in February 2024, 92 in February 2023, 54 in February 2022 and 26 in September 2021.
The financial performance of the charity was strong with an increase of 324% in grants along with an increase of 16% in Other Trading activities primarily from the Bar income. The income from the Hall Hire decreased by 25% to £47,799 (£63,983 in 2024) due to our largest customer reducing the hall hire from 5 days per week to 1 day per week.
The grants received were £337,225 in total from the following funders to which we are grateful for their support especially the National Lottery Community Fund who has confirmed a further 5 years of support:
National Lottery Community Fund - £300,294 (over 5 years) The Rothschild Foundation - £26,000 (over 3 years) Bucks Helping Hands - £1,440 Heart of Bucks General fund - £3,991 Red Kite Springboard Fund - £5,000 SVG Friendship Foundation - £5,000£500
I would like to express my gratitude to the regular hall hirers, our growing membership, our volunteers, the dedicated staff and to the funders listed above and Bucks Council for their support of the WMCO charity.
Best Wishes
Brian Lewis Chairman
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WYCOMBE MULTICULTURAL ORGANISATION
TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025
Financial review
The Trustees have kept under review the reserves policy. Consideration was given to funding risks and funds are kept at a level to ensure all financial commitments can be met.
The unrestricted funds are available to be spent for any of the purposes of the charity. Unrestricted general and designated funds at the year end were £208,570 (2024: £185,487).
The balance of the restricted funds at the year end was £394,938 (2024: £137,493).
Risk management
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
Wycombe Multicultural Organisation is controlled by its governing document, a constitution adopted on 28 March 1993. Its working name is WMCO.
The trustees who served during the year and up to the date of signature of the financial statements were: Dr T Adoh
Mr K Bonsu Mr H Oriabure Mr L Bute Mr B Lewis Ms J Joseph
Recruitment and appointment of new trustees
The Organisation is managed by a group of Trustees and a Management Committee, whom are elected at the AGM. The Committee comprises of members (volunteers) with a diverse range of skills and backgrounds. All Committee members are people from the local community and have a genuine interest in the benefits that the Organisation brings to those who live in the Wycombe District; working together to meet their social, cultural and educational needs of the community.
The trustees report was approved by the Board of Trustees.
Mr B Lewis
Chairman of Trustees Dated: 3 December 2025
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WYCOMBE MULTICULTURAL ORGANISATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF WYCOMBE MULTICULTURAL ORGANISATION
I report to the trustees on my examination of the financial statements of Wycombe Multicultural Organisation (the charity) for the year ended 28 February 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of FCA, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.
-
2 the financial statements do not accord with those records; or
-
3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Mr C Nisbet FCA Azets Audit Services
Suites B & D Burnham Yard Beaconsfield Buckinghamshire HP9 2JH
Dated: 9 December 2025
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WYCOMBE MULTICULTURAL ORGANISATION
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 28 FEBRUARY 2025
| Unrestricted Designated Restricted funds funds funds general 2025 2025 2025 Notes £ £ £ Income from: Donations and legacies 2 145 - 340,893 Charitable activities Hire of the centre and related income 3 47,837 - 4,116 Other trading activities 4 86,047 - 3,801 Investments 5 3,367 - - Total income 137,396 - 348,810 Expenditure on: Raising funds 6 42,713 - 8,244 Charitable activities 7 71,593 - 83,128 Total expenditure 114,306 - 91,372 Net incoming resources before transfers 23,090 - 257,438 |
Total Unrestricted Restricted funds funds general 2025 2024 2024 £ £ £ 341,038 156 85,693 51,953 64,218 2,282 89,848 77,306 - 3,367 1,884 - 486,206 143,564 87,975 50,957 30,644 227 154,721 47,622 96,956 205,678 78,266 97,183 280,528 65,298 (9,208) |
Total 2024 £ 85,849 66,500 77,306 1,884 |
|---|---|---|
| 231,539 | ||
| 30,871 | ||
| 144,578 | ||
| 175,449 | ||
| 56,090 |
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WYCOMBE MULTICULTURAL ORGANISATION
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 28 FEBRUARY 2025
| Unrestricted Designated Restricted funds funds funds general 2025 2025 2025 Notes £ £ £ Net incoming resources before transfers 23,090 - 257,438 Gross transfers between funds (80,007) 80,000 7 Net (expenditure)/income for the year/ Net movement in funds (56,917) 80,000 257,445 Fund balances at 29 February 2024 185,487 - 137,493 Fund balances at 28 February 2025 128,570 80,000 394,938 |
Total Unrestricted Restricted funds funds general 2025 2024 2024 £ £ £ 280,528 65,298 (9,208) - (4) 4 280,528 65,294 (9,204) 322,980 120,193 146,697 603,508 185,487 137,493 |
Total 2024 £ 56,090 - |
|---|---|---|
| 56,090 266,890 |
||
| 322,980 |
The statement of financial activities includes all gains and losses recognised in the year.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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WYCOMBE MULTICULTURAL ORGANISATION
BALANCE SHEET
AS AT 28 FEBRUARY 2025
| Notes Fixed assets Tangible assets 11 Current assets Stocks 12 Debtors 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities The funds of the charity Restricted income funds 16 Unrestricted funds - general 18 Unrestricted funds - designated |
2025 £ 4,275 262,333 259,263 525,871 (11,641) |
£ 89,278 514,230 603,508 394,938 128,570 80,000 603,508 |
2024 £ 3,153 4,237 223,766 231,156 (13,550) |
£ 105,374 217,606 |
|---|---|---|---|---|
| 322,980 | ||||
| 137,493 185,487 - |
||||
| 322,980 |
The financial statements were approved by the trustees on 3 December 2025
Mr B Lewis Chairman of Trustees
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WYCOMBE MULTICULTURAL ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
1 Accounting policies
Charity information
Wycombe Multicultural Organisation is a registered charity, controlled by it's governing document, a constitution adopted on 28 March 1993. It's principal address is Hilltop Community Centre, Crest Road, High Wycombe, Bucks, HP11 1UA.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.
Grants receivable are accounted for when there is sufficient information to enable the claim to be made or the claim has been made and there is clear indication to suggest the claim will be met. Grants which have conditions or time restrictions attached are deferred until these conditions or restrictions have been met.
1.5 Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis.
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WYCOMBE MULTICULTURAL ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025
1 Accounting policies
(Continued)
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements Over 10 years straight line Fixtures and fittings Over 4 years straight line Computers Over 3 years straight line
1.7 Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
1.8 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.9 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
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WYCOMBE MULTICULTURAL ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025
2 Donations and legacies
| Unrestricted Restricted funds funds general 2025 2025 £ £ Donations and gifts 145 3,668 Grants received - 337,225 145 340,893 Grants receivable for core activities National Lottery Community Fund - 300,294 Bucks Helping Hands - 1,440 Heart of Bucks General fund - 3,991 Heart of Bucks Micro Grant - - The Sackler Trust - - W G Edwards - - Red Kite Springboard Fund - 5,000 SVG Friendship Foundation - 500 The Rothschild Foundation - 26,000 337,225 |
Total Unrestricted Restricted funds funds general 2025 2024 2024 £ £ £ 3,813 156 6,208 337,225 - 79,485 341,038 156 85,693 300,294 - 66,585 1,440 - 1,400 3,991 - 5,000 - - 2,000 - - 3,000 - - 1,500 5,000 - - 500 - - 26,000 - - 337,225 - 79,485 |
Total 2024 £ 6,364 79,485 |
|---|---|---|
| 85,849 | ||
| 66,585 1,400 5,000 2,000 3,000 1,500 - - - |
||
| 79,485 |
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WYCOMBE MULTICULTURAL ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025
3 Charitable activities
| Miscellaneous income School subscriptions income Amounts received for hall hire Analysis by fund Unrestricted funds - general Restricted funds |
2025 £ 38 4,116 47,799 51,953 47,837 4,116 51,953 |
2024 £ 235 2,282 63,983 |
|---|---|---|
| 66,500 | ||
| 64,218 2,282 |
||
| 66,500 |
4 Income from other trading activities
| Unrestricted Restricted funds funds 2025 2025 £ £ Membership subscriptions and sponsorships 2,250 - Fundraising events 83,797 3,801 Other trading activities 86,047 3,801 |
Total Unrestricted Restricted funds funds 2025 2024 2024 £ £ £ 2,250 2,629 - 87,598 74,677 - 89,848 77,306 - |
Total 2024 £ 2,629 74,677 |
|---|---|---|
| 77,306 |
5 Income from investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Interest receivable | 3,367 | 1,884 |
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WYCOMBE MULTICULTURAL ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025
6 Expenditure on raising funds
| Unrestricted Restricted funds funds 2025 2025 £ £ Fundraising and publicity Bar purchases 35,605 - Advertising 471 4,490 Other fundraising costs 6,206 3,754 42,282 8,244 |
Total Unrestricted Restricted funds funds 2025 2024 2024 £ £ £ 35,605 22,651 - 4,961 442 151 9,960 7,551 76 50,526 30,644 227 |
Total 2024 £ 22,651 593 7,627 |
|---|---|---|
| 30,871 |
7 Expenditure on charitable activities
| Provision of | Provision of | |
|---|---|---|
| the Centre | the Centre | |
| 2025 | 2024 | |
| £ | £ | |
| Direct costs | ||
| Staff costs | 46,676 | 46,361 |
| Insurance | 1,563 | 1,819 |
| Utilities | 12,804 | 13,373 |
| Rent | 15,000 | 15,000 |
| Telephone | 1,076 | 1,434 |
| Sundries | 514 | 3,172 |
| Repairs and maintenance | 19,175 | 12,570 |
| Administration | 2,297 | 1,196 |
| Cleaning and admin support | 10,543 | 8,349 |
| Subscriptions and licenses | 1,134 | 1,128 |
| IT software and support | 2,383 | 1,618 |
| Postage and stationery | 111 | 84 |
| Travel costs | 2,158 | 2,584 |
| Meals and activities | 2,826 | 2,990 |
| Tutors and education resources | 9,472 | 5,717 |
| Football club costs | - | 166 |
| 127,732 | 117,561 | |
| Share of support and governance costs (see note 8) | ||
| Support | 21,881 | 22,097 |
| Governance | 5,108 | 4,920 |
| 154,721 | 144,578 | |
| Analysis by fund | ||
| Unrestricted funds - general | 71,593 | 47,622 |
| Restricted funds | 83,128 | 96,956 |
| 154,721 | 144,578 |
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WYCOMBE MULTICULTURAL ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025
8 Support costs
| Support costs | ||
|---|---|---|
| Support costs Governance costs £ £ Depreciation 21,881 - Independent Examination Fee - 2,652 Professional fees - 2,456 21,881 5,108 Analysed between Charitable activities 21,881 5,108 |
2025 £ 21,881 2,652 2,456 26,989 26,989 |
2024 £ 22,097 2,520 2,400 |
| 27,017 | ||
| 27,017 |
9 Trustees
None of the trustees (or any persons connected with them) received any remuneration during the year.
None of the trustees received gifts during the year. In the prior year no trustees received gifts during the year
Three of the Trustees were reimbursed for expenses incurred of £499 (2024: £2,940)
10 Employees
The average monthly number of employees during the year was:
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| 3 | 4 | |
| Employment costs | 2025 | 2024 |
| £ | £ | |
| Wages and salaries | 45,790 | 45,536 |
| Other pension costs | 886 | 825 |
| 46,676 | 46,361 |
There were no employees whose annual remuneration was more than £60,000.
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WYCOMBE MULTICULTURAL ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025
| 11 Tangible fixed assets Leasehold improvements Fixtures and fittings £ £ Cost At 29 February 2024 170,773 36,619 Additions - 5,785 At 28 February 2025 170,773 42,404 Depreciation and impairment At 29 February 2024 74,228 28,079 Depreciation charged in the year 17,077 4,515 At 28 February 2025 91,305 32,594 Carrying amount At 28 February 2025 79,468 9,810 At 28 February 2024 96,545 8,541 12 Stocks Bar stock 13 Debtors Amounts falling due within one year: Prepayments and accrued income 14 Creditors: amounts falling due within one year Other taxation and social security Other creditors Accruals and deferred income |
Computers £ 6,817 - 6,817 6,528 289 6,817 - 288 2025 £ 4,275 2025 £ 262,333 2025 £ 1,040 6,055 4,546 11,641 |
Total £ 214,209 5,785 |
|---|---|---|
| 219,994 | ||
| 108,835 21,881 |
||
| 130,716 | ||
| 89,278 | ||
| 105,374 | ||
| 2024 £ 3,153 |
||
| 2024 £ 4,237 |
||
| 2024 £ 613 6,019 6,918 |
||
| 13,550 |
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WYCOMBE MULTICULTURAL ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
| 15 | Retirement benefit schemes | ||
|---|---|---|---|
| 2025 | 2024 | ||
| Defined contribution schemes | £ | £ | |
| Charge to profit or loss in respect of defined contribution schemes | 886 | 825 |
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
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WYCOMBE MULTICULTURAL ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025
16 Restricted funds
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.
| Balance at 1st March 2023 r £ IT 730 Helping Hands - Centre Refurbishment 114,496 Community 18,429 Akacia School 7,355 Football - Education - Movers & Shakers 5,687 Health Equity - Hurricane Beryl - Rothschild Foundation - SVG - 146,697 |
Movement in funds Incoming esources Resources expended £ £ - - 1,400 (1,333) - (16,795) 66,585 (64,908) 3,507 (7,504) 162 (166) 3,000 (790) 13,321 (5,687) - - - - - - - - 87,975 (97,182) |
Transfers Balance at 1st March 2024 r £ £ - 730 - 67 - 97,701 - 20,106 - 3,358 4 - - 2,210 - 13,321 - - - - - - - - 4 137,493 |
Movement in funds Incoming esources Resources expended £ £ - - 1,440 (1,440) - (18,316) 300,294 (47,881) 7,735 (6,620) - - 5,000 (2,635) 49 (5,255) 3,991 (3,995) 3,801 (3,804) 26,000 (926) 500 (500) 348,810 (91,372) |
Transfers Balance at 28 February 2025 £ £ - 730 - 67 - 79,385 - 272,519 - 4,473 - - - 4,575 - 8,115 4 - 3 - - 25,074 - - 7 394,938 |
Transfers Balance at 28 February 2025 £ £ - 730 - 67 - 79,385 - 272,519 - 4,473 - - - 4,575 - 8,115 4 - 3 - - 25,074 - - 7 394,938 |
|---|---|---|---|---|---|
| 394,938 |
IT
The IT fund relates to an IT grant from Reach. Reach is a learning and development project set up to provide IT and soft-skills training to the local community. In particular the over 50's, unemployed, single parents and the NEET group.
Helping Hands
The Helping Hands fund is in relation to the Hilltop community centre Christmas Meal
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WYCOMBE MULTICULTURAL ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025
16 Restricted funds
(Continued)
Centre Refurbishment
The Centre Refurbishment fund relates to grants received from Biffa Award, Veolia Environmental Trust, Mobbs Memorial Trust, Kop Hill Climb, Heart of Bucks, John Apthorp Charity, Red Kite Charity, Locality, Bernard Sunley Foundation, Bucks HW Community Fund and Rothschild Foundation and donations from Brian Pearce and fundraising events. The income is for refurbishment of the community centre toilets, installation of air conditioning, purchase of new tables and chairs and the creation of a timber framed lean-to storage extension and the refurbishment of the kitchen.
Community
The community fund relates to a project with the following aims:
-
To improve residents fitness, health, or wellbeing through access to at least three new activities.
-
To encourage stronger social relations and decrease isolation and loneliness.
-
To enhance the sustainability of the centre.
Akacisa School
The Akacia School fund aims to improve the social, cultural and learning experiences of the 5-16 years age group in the community.
Football
The Football fund is in relation to the running of the football club.
Education
The Education fund relates to the charity's education catch-up project.
Health Equity
A health awareness day held in October 2024 and production of a booklet on the common health ailments prevalent in the African & Caribbean community.
Hurricane Beryl
After a natural disaster in St Vincent & the Grenadines in July 2024, our charity served as the main hub for receiving donated relief goods and monetary contributions, which we used to procure additional relief items. A container with donated relief items was shipped ten days after the start of our relief drive.
Rothschild Foundation
This project is for a part-time costs of an Financial Advice Worker and running costs for a pension/benefits welfare service for African Caribbean elders during our Movers & Shakers weekly group and also the wider community.
SVG
SVG Friendship Foundation - A donation towards the cost of the Christmas Party we held for older people over the age of 65 in December 2024.
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WYCOMBE MULTICULTURAL ORGANISATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025
17 Analysis of net assets between funds
| Unrestricted Designated Restricted funds funds funds general general 2025 2025 2025 £ £ £ At 28 February 2025: Tangible assets 9,894 - 79,384 Current assets/(liabilities) 118,676 80,000 315,554 128,570 80,000 394,938 Unrestricted Designated Restricted funds funds funds general 2024 2024 2024 £ £ £ At 28 February 2024: Tangible assets 7,673 - 97,701 Current assets/(liabilities) 177,814 - 39,792 185,487 - 137,493 |
Total 2025 £ 89,278 514,230 |
|---|---|
| 603,508 | |
| Total 2024 £ 105,374 217,606 |
|
| 322,980 |
18 Designated funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| Movement in funds Incoming resources Balance at 29 February 2024 £ £ Centre Refurbishment Fund - - - - |
Transfers Balance at 28 February 2025 £ £ 80,000 80,000 80,000 80,000 |
Transfers Balance at 28 February 2025 £ £ 80,000 80,000 80,000 80,000 |
|---|---|---|
| 80,000 |
The Centre Refurbishment fund relates to donations received through fundraising events and has been set aside for the refurbishment of the community centre.
19 Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
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