Charity Registration Number: 1037518 Centre of Wellbeing, Training & Culture Report and Financial Statements Year Ended 31 March 2025
CENTRE OF WELLBEING, TRAINING & CULTURE Contents Members of the Board and professional advisers Trustees Annual Report Independent Examination Statement of Financial Activities Balance Sheet Notes to the financial statements Page 2 3 5 6 7 8-10
CENTRE OF WELLBEING, TRAINING & CULTURE MEMBERS OF THE BOARD AND PROFESSIONAL ADVISORS Registered Charity Name Charity Number Registered Office Trustees Centre of Wellbeing, Training & Culture 1037518 Centre of Wellbeing, Training & Culture Medtia Chambers, First Floor 5 Barn Street Oldham OLI ILP Khalida Yasin T. Ahmed Asif Mahmood Accountants Bankers A.N. & CO 128A Spotland Road Rochdale OLI2 6PJ Barclays Bank plo 1 Yorkshire Street Rochdale OL16 1BH --2-
CENTRE OF WELLBEING, TRAINING & CULTURE TRUSTEES ANNUAL REPORT The trustees and directors for the purposes of company law present their annual report and the unaudited financial statements of the charity for the year ended 31 March 2025. Structure, Governance and Management Governing Document Centre of Wellbeing, Training & Culture was registered as a charity on 13th May 1994. Recruitment and Training of Trustees The Trustees are appointed in accordance with the Constitution of the association. Organisational & Risk Management Lack of funding support for staff salaries. Risk of attracting funding due to duplication. • Lack of staff to allow the Chief Executive to focus on developmental and strategic work. • Funding applications are made in advance to ensure continuity of activities should there be a major reduction in income. • Risk Assessments are undertaken before all activities. A planning session takes place with learners or partners to mitigate and risks for desired outcomes, • The cheques are signed by any of 2 signatories, the Chair and treasurer for all the payments. The accounts are managed by freelance accountant at the centre. The PAYE and accounts are verified by external accountant. Objectives, Aims and Activities Charitable Objectives. • The Charity's objects are to advance within the Borough, North West and Internationally, the education of the public in the understanding and appreciation of Multicultural Arts and Media education in all its forms. • To support disadvantaged people in education, recreation, training and health. Principal Activities (depending on funding) • Supporting Communities Link Project • Welibeing Café to provide participatory workshops in Spoken English, IT, Exercise, Trips, Health Awareness and information services. • Work Placements • Accredited online and face to face courses in Dementia, Mental Health, Supporting Carers, Diabetes • Cost of Living Workshops • Community Networking Events • Community Podcast and CWTV Online Community Channel • Greggs Food Outlet Qawwali Fusion Sufi Music Cultural Exchange Programme with Pakistan • Developing bilingual information materials for South Asian community. - 3-
CENTRE OF WELLBEING, TRAINING & CULTURE TRUSTEES ANNUAL REPORT Contribution by volunteers. The organisation prides itself for providing work placements to unemployed and volunteers through, Action Together, Positive Steps, Oldham College, Oldham Sixth form Academy, Job Centre Plus and self-referrals. This has helped the staff to release from basic duties to deliver major projects. The feed of skills learnt by volunteers at the centre have gained their confidence in office, technical, cultural and communication skills. The organisation has also developed in-house training module, "Work Placement Handbook at CWTC" which has been welcomed by the Job Centre Plus and referral agencies as a recognition of quality systems. Review of Achievements and Performance for the Year The organisation achievements have been able to continue with funding from Community Fund, The Greggs Foundation, Action Together and Garfield Western. CWTC is also representing on the board of Oldham Strategic Cultural Partnership and Community Explorers through Action Together. The venue is 5 Barn Street, Oldham to extend further opportunity for supporting communities link project. partnership working, training, media skills, and wellbeing café with a potential for income generation. Financial Review The members of the Board of Trustees have established a policy whereby they consider it to be prudent to hold unrestricted funds not committed or involved in tangible fixed assets, of between 3 months and 6 months of resources expended, £20,000 to £30,000. At this level the Board of Trustees feel that they would be able to continue the current activities of the Charity in the event of a significant drop in the funding. It would obviously be necessary to consider how the funding would be replaced or activities charged. Investment Policy The association's Income and Expenditure is very small and consequently does not currently have sufficient funds to invest longer term, such, as extra staffing, equipment and major projects. The association has therefore adopted a low-risk strategy towards the investment of its limited funds. Trustees Responsibilities in relation to the Financial Statements The Charities Act 1993 requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the situation of the charity and of the surplus or deficit of the charity for that period. In preparing the financial statements, the Trustees are required to: • Select suitable accounting policies and then apply them consistently. • Make judgements and estimates that are reasonable and prudent. • Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the trust. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. By Order of the Trustees -4-
CENTRE OF WELLBEING, TRAINING & CULTURE REPORT TO THE MEMBERS ON THE UNAUDITED FINANCIAL STATEMENTS OF CENTRE OF WELLBEING, TRAINING & CULTURE YEAR ENDED 31 MARCH 2025 We report on the accounts for the year ended 31 March 2025 set out on pages 6 to 10. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that ar audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that ar independent examination is needed. It is my responsibility to: • examine the accounts under section 145 of the 2011 Act. • to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and • to state whether matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that in any material respect the requirements: • to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting have not been met; or 2. to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached. Nassar Ahmed Ghouri BA (Hons) Accountancy. FFA.FFTA A.N & CO 128A Spotland Road Rochdale Lancashire OL12 6PJ - 5-
CENTRE OF WELLBEING TRAINING & CULTURE STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2025 INCOMING RESOURCES Kueming resources from generated Grant/Voluntary Income Incoming resources from charitable activities TOTAL INCOMING RESOURCES RESOURCES EXPENDED Accountancy Fees Artist/Tutor Fees Projects Expenses Salaries Legal & Professional Fees Premises Expenses Printing, Postage & Stationary Rent & Rates Motor Expenses Utilities Travelling Depreciation Total Resources Expended Net movement in funds Total Funds brought forward TOTAL FUNDS CARRIED FORWARD Notes Unrestricted Restricted Funds Funds 2025 2025 € 2 0 0 3 4 - 0 26,773 26,773 = The notes on pages 8 to 10 form part of these financial statements. 103,553 0 103,553 500 7,792 7,780 98,072 1,402 2,252 714 11,702 1,261 5,492 138 540 137,646 (34,093) 8,401 (25,692) Total Funds 2025 103,553 0 0 103,553 500 7,792 7,780 98,072 1,402 2,252 714 11,702 1,261 5,492 138 540 137,646 (34,093) 35,174 1,081 - 6- Total Funds 2024 65,241 0 0 65,241 500 29,541 9,544 60,491 1,879 1,388 208 12,482 1,623 4,094 719 122,469 (57,228) 92,402 35,174
CENTRE OF WELLBEING TRAINING & CULTURE BALANCE SHEET AS AT 31 MARCH 2025 2025 Notes 5 1,618 2024 FIXED ASSETS Tangible Fixed Assets CURRENT ASSETS Debtors Cash at Bank and in Hand € 2,158 6 CREDITORS: Amounts falling due within one year NET CURRENT ASSETS 7 97,334 97,334 97,871 134,900 134,900 101,884 (537) 1,081 33,016 35,174 TOTAL NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds Restricted Funds TOTAL FUNDS 8 8 26,773 (25,692) 1,081 26,773 8,401 35,174 The financial statements were approved by the Trustees on 9 - 7- 2025 and signed on their behalf Khatidayasin Signed Trustee - 7-
CENTRE OF WELLBEING TRAINING & CULTURE NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025 1. ACCOUNTING POLICIES Basis of accounting The financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, the statement of Recommended Practice "Accounting and Reporting by Charities" issued in March 2005 (SORP 2005) and the Charities Act 1993. Incoming Resources Grants, recharged expenditures, and care provision are credited to revenue on a receivable basis. Voluntary income and donations are accounted for as received by the charity. All income is allocated to appropriate funds based on the income. Resources Expended Costs are recognized on an accruals basis when an obligation arises. Fixed Assets All fixed assets are initially recorded at cost and depreciated by 25% annually on diminishing balance method. 2. VOLUNTARY INCOME TNLCF The Greggs Foundation Action Together, Oldham Other Grants Restricted Funds 76,126 20,268 1,938 5,221 103,553 2025 Total Funds € 76,126 20,268 1,938 5,221 103,553 2024 Total Funds € 37,500 18,280 1,000 8,461 65,241 - 8-
FEES FOR THE EXAMINATION OF THE ACCOUNTS Independent Examiner's Fees for reporting on the accounts Other fees paid to the independent examiner 4. STAFF COSTS AND EMOLUMENTS Staff Costs Wages Employer's National Insurance costs Employers Pension Contributions 2025 94,686 2,062 1,324 98,072 Administration 2025 No. 4 5. TANGIBLE FIXED ASSETS Cost: Cost as at 01/04/24 Additions Cost as at 31/03/25 Accumulated Depreciation: Accumulated Depreciation at 01/04/24 Depreciation charge for the year Accumulated Depreciation at 31/03/25 2025 42,383 0 42,383 40,225 540 40,765 1,618 - 9- 2025 270 230 500 2024 270 230 500 2024 58,800 579 1,112 60,491 2024 No. 7 2024 41,234 1,149 42,383 39,506 719 40,225 2,158
CENTRE OF WELLBEING TRAINING & CULTURE NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025 6. DEBTORS Trade debtors 2025 € 0 7. CREDITORS: Amounts falling due within one year Trade creditors Accruals and prepaid income Taxation & Social Security 2025 1,593 94,881 1,397 97,871 ALLOCATION OF CHARITY'S NET ASSETS Unrestricted Funds Restricted Funds Fixed Assets f 1,618 1,618 Net Current Assets € (537) (537) - 10 - 2024 2024 1,593 93,592 6,699 101,884 Total 1,618 (537) 1,081