Biownhllls CommunltyAssoclatlon Llmlted (Llmlted by Guarantee) Annual Report and Unaudlted Flnanclal Statements For Ihe Year Ended 31st March 2024 Charlty No: 1054738 Company Registratlon: 03181829
Brovmhills Communlty Assoclaiion Llmfted (Llmlted by Guarantee) Contentsfor the year ended 31 March 2024 Page Report of the Twstees Ito5 Report of the Independent Examlner Statement of FinanCialAcVItIeS Balance Sheet Statement of Cash Flows Notes to the Flnanclal Statements IOto15
BrIvnhIS CommunItyAssla1lon Umlted (Umlted by Guarantee) Reportof the Trusteesforthe Year Ended 31" March 2tr24 The trustees are pleased to p$enttheir annual reporttogetherwth the un-audited financial statements ofthe companyfortheyear ended 31st March 2024which are also prepared to meet the requirementsfor a dlrectors. report and accounts forcompanies Act purposes. The financial sLitements compiywith the Charities Act 2011, the Companles Act 2006, the Memorandum and Articles ofAssociation and Accountlngand Reportlng by Act 2006. the Memorandum and Artlcies ofAS)cIatIOn andAccounting and Reporting tycharltks: Statement of Recommended Practlce appllcabieto chafitles preparingtheii accounts In accordancewEth the Financlal Reportlng Standard appllcabie In the UK and republic ol Ireland IFRS102) leffectl¥t l January2015) AEFRENCE ANDADMINISTrATIVE INFORMATION Name: Bnrlfflhllis CommunltyAssoclation Limlted Reg5stered Charfty Number. 03181629 lEand arrfl Wales) ReOstered Charity Number 1054 ReO*ered Office: Chester Road North Brownhllls Watsali WS87JW Trustees and Dlrectors The dlrectors ofthe cnarltsble company are itsTrustees forthe purposes of charfty law and thrOughothiS ieportare coliectlveiy referd to as the Trustees. Trnstees sepAngdurlngthe perlod were as follows: Mr S Groves Mrjsmlth Mr K Ferguson Mr S Craddock Mrs Ajackson Mlssj Wlllett MrLBra Inton Independent Examlner. Rice & Co (Brownhills) Ltmited 90 High Street Brownhlus Watsall Companysecretary. Mrs Gn)ves Prlnctpie Comrnunlty Offlcer. Mrs JAR DaNles
BrownhlllsCommunltyAssoclatlon Umfted (Umlted by Guarantee) Report oltheTrusteesforthe Year Ended 31° March 20241conVd) GOVERNANCE AND MANAGEMENT Conslllullon and 13o¥ernfngDo¢ument The assoclatlon Is a charltsbie companyllmited byguarantee and is gThemed trythe tem set out in its Memorandum and Artlcies ofAssoclatlon. Appolntment and Tralnlngof Trustees Newtrustees are appolnted bythe Board. TwSteetra1nl is carried outat meetlngs ofthe trustees and In Inductlon tralning atthe centre. Slatement of Tnthe's Responslbllltles The Trustees are responsible for preparlffdthe Rep ofthe Twstees and financia statements In accordance with applicable law and regutstions. Comparyiaw and Iw appllcableto registered charlttes In Enoand arKI Wales requlresTrustees elected to prepare flnanciats statementsforeach financlal year. Urmlerthat lawts Tmstees have dected to prepare theiraccounts In accordancevAth the Flnanclal Reportlngstandard appilcable Inthe UK and Rewbilc of Ireland IFRS102) (effecli¥t l January2015). Under company Iw. theTwstees mustnot approve theflnanclal statements unless they are satisfied ththtygive a true and fairview ofthe stste of affairs ofthe charitsble companyand ofthe Incoming resources and resources expended, Includingthe income and expenditure, ofthe charltable company forthat perlod. In preparlngthesefinanclal slatements theTwstees ale requlred to: Select sultable accounung poucles andthen apptythem conslsterrtiy. ObseNe methods and prlnclpies In the Charltles Ststements of Recommended Practice {SOAP 2015). Makejudgements and estimates Tthich are reasonaNe and prudenL Statewhether appucable accounting stsndarfs have been folld. subiectto any materialdepartures disclosed arml expkined in thefinancial statements. Prepare the financlal statements on the golng concern basis unless it is Inappropriate to presume that the charitable MpanyWIll¢ontinue in l)u$ines Thetrustees are responslble fw keeplngadequate accounting records that are sufficient to show and expialn the charltsble companYs transactlons and dtsclosewith rea50nabie aceuracyat anytime the financial posltlon ofthe charltsbie companyand enable them to ensure thatthe financlal ststements compiythtyth the Charittes Act2011 nd the Companles Act 2006. They are also responslblefor safeguardlngthe assets ofthe charltable company and hencefortaklng reasonable stepsforthe prthention and detectlon offraud and other Irregutsre$. Organlsatlon The charty Is OniSed so thatthetrustees meet regutsrtyto manage its affairs. There is one full tlme administrator Mrs JAR Davles and she Is designated the Prfnclpal Communityoffice. She manages the dayto day administrallon otthecharlty and organisesfund ln8 initiaiives.The remalnlngstaff are employed to asslst wlththe runnlng ofthe centre.
Brownhllls CommunltyAssoclallon Llmhed (Umfted by Guarantee) Report of Ihe TNstees fortheyear Ended 31.14a 2tr24{¢onVd) Rlskstatement Thetru51ees have a rfsk management strategiwhich mpriseS an annual rev1 ofthe risks thatthe Assoclalon maylace and the establlshment of syEtems and proceduresto mlw those rlsks. Procedures are in place to ensure cornpuance wlth the health and safety otstaff. volunteers and visftors. These are perlodlcaity reviewed to ensure thattheyconllnueto meet the needs of tsAssociatlo Publlc Benel1tSL8rn•rtt In accordance with S17{51 otthe CharltlesAct 201L Trusrees reffred tothe guidance contained In the Charlty Comrrlsslon's general guldance on publlc benefftTh4)en rth7ewi its aims and obJectNes and in planningfuture actlvStles. In partTcuiar Trustees consldered how our planned ath1tiesU1d contribute to the almsand objectives we have set. Volunteer& Volunteers contlnue to play a key role In how dell¥er our strategic alms and objeCthS. STrUCTURE The vKwk of theAssociation is carrled out In the1(thnEMaIn areas: The Lamp Artcentre and The Larnp Tea Room Providlnga rfdewdrletyofentertalnment. adult educion sports facllftles. Meeng roorns and unemployed & senlor citlzen groups. The Llttle Green Dragons Nursery Providlng full day chlld care. FTOM September2019the 3hour PTo¥lslonwas offered. Fundlngis avaliabie for2-3and 4JEar old chlldien. Acllvltlesforthe Communlty Various communftyactivitses are pr(wided such as art classes. gardening clubs and indoor short mat blts. We ha attendeesof around 1,000 persons perweek cominginto the centre forvarlous aCtItIeS. OBJECTIVES The Charfvs objecifves are: To provlde assistance to the local communlty by encoura0 and provl¢Jlngso¢laL recreatlonal and educatlonal opportunltles particularlyadult educatlon. playschemes. piWOUP and ty0fferflE*uth development schemes for the people of Brownhllis and WalsalL The alms oftheAssoclatlon are: pport StIn& and encourage more user grwps. socletles and assoclatlonsto the centre. Be cwratlve and financialty sound. Prornoted the assoclailonwtthln the localsurroundingareas. Malntslnltncrease both membershlp and trustee mernbers.
BnMihlMsCommunltyAssoclth Umlled lum1t byGuar•nlee) Report ol1heTWstefOlth8vQJrErted ai. Ma 2024(coDfd) The blg8est Invegtsment has been tn thenewWInd athe Pelsalilload and Chesler Road North SKles otthe building. Th9 old wooden wlndow5 w¢ro rotting In pla¢es n8ed•d Irequ8ni malnienance. The nvAfwlndows have retalned the style and look of thls local landmwkand combMMI thls betterthermal and 4¢oustic tn%Aation.We couldnlhave don8 thlswlthoutthe help and 5UPPOrt ofwalsau CounclL so aregraiefulloTtheiras¢aCe. The LarwTheatre has undergone a transf¢)m0n. Thefioorha5 Len Tfrlald and V•Y hreed the wooden siaglng wlth a modern modulai solutlon. whlch Is easter. and moTeflexlble lortho manygroupsthat use the iheatr•. We have had some spectacular productlons In the theatre aga1nth1sar. and Ifs been used tegulatyfor concerts and dancè enIn88. The Lamp Theatre Is avaliablefor hlreforpartles and weddlngs. More InfoatIOn Is w4allablefrom the staff at the centre. Th• contre ContInu io be an Int88ral part ofWatsaLi Councll's localilty Stratw. Provldln8 deuvèry seThrfc8sto Local p8opLe In thelr own Loc81 centrg. We have coordlnated alundlng bld for Jllthe io¢al ¢ommunltycentres acrosswatsalltotacklethe wlder dèierrnlnants of hèalth. The bld for 2023124 and 2025 ts worth a to&iiof £400K. Bfownhllis CommunltyAssoclatlon e man4ng the bld forthe borough. The centre Is exlrumeiy busy on mosi days and th•re hasbeen an Increase In room book5n& There Is a tot of Inlom)ailon on ourweb lor our regutsrgroups and lorthcomlngproducilonsand eniertalnmentiaklng p&ce In the LampTheatr•. We ara also deLllhtèd to welcome Llttle Ltern tea room. We have held 8 numberof evenis In 6rownhllis CMC Sware. thewlnter and Sprlng Festfvais attracted hundredsorsIt0rdand f¢Jtured open alr pertorman¢es ty ow reskjwtladios, cholr, Slr4ouisixer, and youth group The5planArts. For more Infomiatlon on ser¥lces plèas•vlsttvr#w.brnknlI1Sca.Or I would Ilke totske Ilme to express my $lncere thanksto trne I hIked4th o¥erthe lasiyear, from senlor councll officers, CouncllLors and ofcourse all mytrwn staff. beyond tpthat ary0fteUtd expect ofthem. A bigthankstothe Chalr and Dlrectors. who have sUPPOrteil me Inthe runnln8 ofthe Centre as h& pmgressed In so manyways. We hawrtxhld so much because •veryone otyou h•s played an actt¥e roie kn llngthe cet0¢onl1nU•tO operate In such a hugely poslifveway. l tyneed iosaylhatthts has ontyb8en aecmpllshed tyallofustrhryklilqtogeihr. soonce more. thank ta all ofyou.
Iumked byGuaAnteel Rwortofth¢Tntslees ftKtheYwEndad 31"Mar¢h 20241eonfdl OURVISION ANDMISSION STAIEMENTS OIIRVISION To asplreto be a Sew-sp0rttroenlelW1se olseThl¢esftwVl(Kalare& OUR MISSION FimiREOWECTIVESANDACTIVIIES Ihe folltrAng OleS hm 1deniifiedtorth•f0rtr115W. Support ulstln& and encourage more usergr(xw5. socletles artd as50tlatlontothe ¢•ity 8e cOoperate and flnaitysound. Promotethe AsSoclalonhtnthe iocaland 5urroundlngar Malntslnltrlcrease bothmembership and Intstee mimbws. FINANCIALIIEVIEW Al•Wofthe RnanclalPertod The 1palsOUrCes otlncomefromthe comSehaabIeaCtmlles are8ted tythe wiwammes atourClre. Durfngtheyear bKomelrom amount to£382.143aNllnc(nelr(Mn chaiiiatiie acknitles amounte41to £395.516. Smallerrevenue Irom1Tr4estn ¢ontrlbuledtototalln¢ome fortherof£782.6l2028.ÉS33.3I7). TotalexpeFK1ltulOrtr yearwas mO.988 resultlngln chwallnetpr(l of£ll.64L {2023- Profft £41). Reselves Al 31 March 2024thewganlsatlon heLdtotsl resew of£5M570. an1raSe of£lL641from the pTevlouslln8ndalyear. The reSeThVaCQnsldered suffldenttoyranteetheprTrkniof unlntemJptedseNlces forthe lorthcomlngyear.11 Is the company pollcyto regard a general reseNeulrftentequfvai¢ntI0 2 months runnlngcosts ofthe chartr¢schafftabieand adminknaove tOget11th redundancy wovlslonto comptywSth reguiatlon& Thlsarnounted lo £150.000 In 20X(223. £VAIJOOI. Thetwstees havecontlnued lo hold relaT meetbvdurfngther1O mothlollscal posltlons ollheAssodailo Thls Rport has been prepared In accordancevAththe spedal prry4lslons and Part 15oftheCwanles£t2(106 relatlngto llcompanle& rustee's OTh 15thtY2024ThI ontwr behalf Iw. Tfustee
Brownhllls CommunltyAssoclatlon Umlted Iumlled byGuarantee) Indopendonl eyamlnef$ reporttothe Iiustees ol Broymhllts CommunltyAs$oclatlon Umlted I report on Ihe charltytnjstees on our examlnatlon ofthe accounts ofthe Company lorlheyear ended 31st March 2024. Re$ponslblUUes and bas1$ of report As the charltys trustees ol the Company land abo Its dlrectors forthe purposes of company law) you are responslbie forthe preparatlon of the accounts In accordance wlth the requlrements of the Companles Act 20061.lhe 2006Act'l. HngSatIsfIed myseifthat the accounts ol Ihe Company are not requlfed to be audlted under Part 16 otthe 2006 Actand are elllbLe lor Independenl examlnatlon, I report In respect of my examlnatlon of your charlty's accounts as carrled out under sectlon 145 of the Charltles Act 20111.the 2011 Act'l. In carrylng oul my examlnatlon I have followed the dlrectlons Ovèn bythe Charlty Commlsslon under sectlon 14515) Ibl otthe 2011 Act. Independont examlner's statsmont SSn¢e th8 Company's gross Income exceeded £250,000 yourexamlner must be a member of a body Ilsted In sectlon 145 ofthe 2011 A¢t. I conflrm th l am qualSfied to undertake the examlnallon becausewe are a rnemberof The Instltirte of Chartered Accountsnts In England and Wales, whlch Is one ol the Ilsted bodles. I have completed my examlnatlon. l Conflm that no matters have come to My attentlon In connectlon wltll the exarnlnatlon givlng us cause to belleve: accountlng records were not kept In re$pe¢tof the Company as requlred by $ectlon 386 of the 2006 Act; or the accounts do not accord wlth those records: the accounts do not comply wlth the a¢countlng requlrements ol secllon 398 of the 2006 Act other Ihan any requlrement that the accounts 80 a rue and falrvlewwhlch 1$ not a matterconsldeRd as part of an Indep8ndent examlnatlon; or the accounts have not been prepared In accordance wFth the methods and prlnclpteg ofthe Statement of Recommended Pracllce for accountlng and reportlng by charltles lappllcable to charlties preparlngthelr accounts In accordance wlth the Flnanclal Reportlngstandard appllcable In the UK and Republlc of Ireland IFRS 102). I have no concems and have come across no other matters In connectlon wlth the examlnatlon to whlch attentlon should ba drawn In thls report In orderto enable a proper understandlng of the accounts to be reached. Mrs Susan D Cooke FCCA For and on behalf of Rice & Co {Brownhlllsl Llmlted Chartered Accountants go High Street Brownhills Walsaii West Mldiands WS8 6EW Dale: 15th July 2024
8rownhlUsCommunltyAssoclallon Llmlted (Umlted by Guarantsel Stalementof FlnanclllAcllvltl{ocldIMt1ncorn• and ExpendltuieAccountl forthe Year Ended31 March 2024 Note Unrestrlcted Restrlcted Funds Funds 2024 Total Funds Tolal Funds Income: Granls recelvabie Charltable actl¥ltles Investments ioooo 396516 4970 372143 382143 395516 4970 442972 702 Totsl Income 410480 3nu3 533317 Expendlture: 8upport C0515 allocatedto aCtIlIeS Charltsbie acdvltles Govemane8 costs 2500 $92927 9126 15700 460124 759362 9126 Total expondllure Net Incomeforthe year 205708 11641 Trnnsfers between fund$ Net Movement In funds .194067 205708 11641 Tolalfvnds bToughl lOard 445213 47716 Total funds carrled fornard 251146 51)4570 The statfjmgnt of FlTranclalActllles Includes aligalns and losses recognlsed In the year. All Incomln8resources and resources expended derlve Irom ¢ontlnulngactMtle$. The notesfonn part ofthese financlalstatements.
Iumfted tyGuarantoel 2024 Flxetlassets Tanwble a$3ets li Currentassets Debtors Cash at bank Cash hand 2191 582769 $75 Llablutles credIto AmountstaUlngdueThliI one -122819 463143 Thèfunds olthe charlty R•sthcied Income lunds Unre¥trkted income 17 47716 445213 492929 251146 Thèeomparw Is eniliied to fromwthtunderseth477oflheCffjrM¢sAc12006fortheyeNled31 March 2V24. The mb¥S not requlred the cornpanyto obtsKI an aolIts1In3nClals1ernth8rttthJ 31 MaTch 2024 In acwdancewlthsectfon476ofthe CornpanlesAct200& lal SUngthecOmpanykeepS accountkng recordswN¢h crynpiylth [on$386al 387oftheComp3nles P£120131 Ibl preparlni16nanclalstatsmentwhkhgr•eatrueand 1th0fthe stste ofaffaits ofthe companyas * th8 end ofeach flrwlclalar andoflts profftorlossforea¢h Ilnancialkn accordancerfthlhe requkements0fsecttl 394and 395 and appltcabietothecompaffi. TheseflnanclalSt¢mI been prepdln accordanceiththewulslonsof Part I5oftheCtyanrestopp1Kab1e eompanles'subjecttolhe small companies reom Apprmd e Board on I5JY And Thenotésfomi partolthese Ilrwci**aieme
Brownhllls Communlty Assoclatlon Umlted (Llmlted by Guarantee) SLqlement of Cash Flows forthe Year Ended 31 March 2024 2024 2023 Net cash Inflowfrom operatlng athvltles Net Income Proflt {Lossl Depreciation Decreasel{Increase) In trade debtors Decreasel{Increase) on other debtors Decreaselllncrease) In prepayments and accrued income IDecrease)Ilncrease In trade creditors IDecrease)Ilncrease in other creditors IDecrease)lincrease In social secuTity and othertaxes 11)ecrease)Ilncrease in accruats Dlsposal oftan&ble flxed assets Net cash provlded by operatlng actIeS 11641 13076 -192877.7 48091 10520 -14173 0.00 -520 -182 -1054 2417 2699 -2672 -7629 205712 41619 Cash Ilows fiom Investlngacllvltles Purchase of tangible fixed assets -18974 -5182 Change In cash and cash equlvalenls In theyear 28253 Cash and cash equbvalentsatthebeglnningof theyear 560698 532445 Cash and cash equlvalenls at the end of year 560698 Analysls of cash and cash equlvalents 2024 2023 Bank current accounts Cash In hand 582769 575 559915 783 583344 560698 The notes form part of these flnanclal statements
io BrMhllts CommuftlwAsso¢lailon Umlthd {LlmltedbyGuar4ntee) Notestothe FlnanelalStatenTrts fortheyear Ended31Mar¢h2tr24 STAiITOIIY INFORMATII)N BwMthIU5CommuftItyAC1•iloLIrnIled lsa charJt8ble crmnpany. Ilmbtsdbyguarante8. reglst8r8d In Enoand andwales. The eomparfsaftd tharitys retystered nurnbu5and regIsted officea(Idrn$$cantyefoundon Ihe ComparYylnlom?atlon page L The wesen18tkCurreneY01thefiftan¢l8I$tatemelltsl9iep0uftd Sterungiw. ACCOUNTING POUCIES The flnanclalststements havebeen prepared In accoTdancewlthAccountlngand RèportlngbyChathle$:Statement of RecommendedPracUceappllcabletocharltles prepailngthelraccounts In accoi(lancev4blhth¢ Flnanclal Reportln8 Slandard appltabte Inihe UKand Republl¢otlrnlandlFRS1021 {etlecii¥t lJanuary20151-ChaiiliesSORPIFRS 1021. tho Hnanclal ReporttngsfarKlardappllcalAelntheUKand Republk ol Ireland IFRS 102)andtheCompanle$Act200& 1¢MIng$0rcQ$ Incomlngresources have beenlncluded Inthellnanclalstaternontsonthefdlthngba5es. GrantsarerecoBii15edwhetethere15 eniiiiement.certalntyofwlptarMlthgamounlcanbe measurewllh sufflclentreuablllty. Ch8rftablea¢tMtles-Incomefrom charltableactlth b htciuded In ihefinandswemeNs tnihe peiiod Invthkh thegood$orSetvlcesarepdedle$uItITrBIn Ihecharflable cornpanyobtalnlngtherlghtloconslderatlon. Other 5ncome-allother Irthme15 Included In thenalalSta1e0nts?n the amountarrfl entltl•mentto the lftcome canbe meaSure1h reasonalAecertalnty. Resource5 expended have been Included In tho IlTranclalstatementswhen an obllglon t0transl•rval1oa ihlrd paityhasbeen enleved Inth. unlesstheIS aneayllerlegalobllgatlon. donatlonsandgrarbts are Included onlhe dats ofpayTr8nt Reree$ expended Iw¢ beenallocaiod In Ihe StsteThntofFlnanclalP£iMtlesasfollows:_ Support¢OSts habt been ailoca¢ed toactMtyc05tcategortes based on esllmated ttmeexpendgd I eacharea. CharStsbleckntle$-aUexpendltuiedlrecllyand In¢llrectywoclatedwlth mgOtlnKthoobJe¢tl¥esol thecharltablecompary. Gmmancgcosts-auoxpelttUIfj relaungdirethand Ind]re¢tytotsgeneralNnnlngofthe ¢heble company. TanobflXOaas$ets TangtbleasSetsareststedatcostlessdepRclallon.AUmatertalexpendiiu0n1bIta$s&ts1seapl1alI5¢d. OepR¢laiion Is provhled atlhelo1ioftganThU81IaleS In 0ertoleOff each a5setoverltsestlmaied u5elullMe or, Ilheid yndeiaflnarKelease,owlheieasgtsrm. vthl¢lwvorls shorter. Loasohoid propgrty PknLflxture5 &llilln8S Motorv8hlcles 4%raIght11Tre 25% ducIng balance 25% ieduclng balance Grants Equipmentpurcha8edwJth capltalgrantsafe¢8pltallsedartd thegMnt8mortlsed over1 uselulllkeoltheasseL Im¢0¥orabVAT PllresourcesexperKledarecLissffted underactmtyheadlngs thataggregale ailcos15relatedtothe calegory. Irrecover8bleVAT Ischerged agalnstihe caieooryol resourcesexpendedfor**lch Itwas Incurred.
li OrtsMhlUsCommunltyAsso¢lalloTr Umll IUrnlt8d byouaranleel Notestothe Hnancl8lStat•m¢nts lortheYearEnd¢d31 March 2024 A¢couimNOPOUCIES{coiinNUEDI P•n¥lo Ttscomp0n$8rnp1ol tjeiongto pen5ton scheffl•s. Exlglln8ernpioyee501the¢hawitywem¢niiiied tololnlh•Wtti MldlaThlsP•nslon FundscM•1WmPFs1v1lcknIg(unrted ty tyconvibutlonsfrom employee•nd ernploygroralternatlvelytlwym8yhaveoptedtololnthe morwpur¢hasedeflned contrlbutlonschemeopefatsd byNEST. MembersoltheWMPFSmayalsocoMrlbute addellalS lolhal scheme ortake out anAddlttonalVoWnwContrlbutlon scheme,whSch l$lunded tythe employee alone. SI¢ 1Apr112016newemploes1rn onlyablètololrttho mon•ypurchag•scheme and caftnotlolntheWMPFS. Newand exlslln8employeeswhoaTg notln the IIIMPFSwEFeauiomatlcaityenToiled tntothe moneypurchasg schfjme unlessl1wdeX+rCls¢dthO1rll¢hlI00Pl1XI10Ischern• memb•rshlp. uThl8rthednl1lOns88l0Ut1n FRS 102, th•WMPFSIs o multl-omploy•rdeflMd b8nelltsch•meadmln15t•r•d lorthe benelltof Lo¢8lAuthorlllKand othgrbodlg¥and Is managed In8ccordancewlththe Lo¢alGovtmmentPenslty)S¢hem¢ Rogulowons 1997 lasam8Trdedl. Pastand wesenlemployee$ aro covered bythe piu41slonsol theVthIPF& TheScherne15 accounted lora5 a ddned contrlbutlon 8¢homo, ThoWMPFSprovlde$that Intheeventthatan ornployerhB$ kndfvlduats contribuiingtoihe schemethen rknlalnlngllablutyforb8nItspWdts underthe s¢lwm•l811s onth81 employer. Membeis oltheWMpFsary1 •nlndexllnkad pl10n01 L180tholth•b•3tofth@ lastthree>tars penslonable 8erykefore4ch yearof ger4fce.Addlltonalbenellts Includealurnp wm on rellr¢mgnL contlnued Ireduced}penilonsfor•spous•on the dealh olth•m•mbgr 8fKI bonelltslordepondwntson doath or pemianentlncttpaclty In 8•Mc•. INCOME FROMGAA14rs Total 2W24 2023 Communktydwelopmw Bullders Man•8•me8ttnt Walsall MBC Fundln8accounts iityjo ioooo iiooo 34 38iU3 INCOME FROMCHARITABLEACTMT Toial 2023 2024 Maln Gobemance Adull Edu¢aWon Youth Pro¥tslon Nur3erte5 5528 1580 INC014E FROMINVeSTMENTS Unrestrlcted Restricted Funds Funds Totsl Totsl 2023 BanklnterestMcelvalAe
Bm•YthlUsComTnUnltyAthid4tnurn1tfjd IUmiiodbyGuaranwg1 14ote5tothoFlnanclalStstements lorthoYearEndod31 March2024 SUPPORTCOSTS Totsi Totsi 2023 Y(Allh& Nurn•rt8• 25QO TotslchaTltabh8xpandlluifj EXPENDITUAEON CHAAITAKEACTMnes 2024 W•y 541Brf•b Mh¢ Athrtwni &M•iir Tot•1 MilnOovefnanc Adult Educallon Youth Pln Nurnerl 136289 3BIM3 3143 14730 1080 578743 3143 11708 18 1877fj8 4125 125314 37500 Totalaliocatedtodrnct chailtablo•xpondl¢urn 17U4 Total 2024 Totsl Accountsw& boDk.keepln8 Legal& Prol•sslonallq8s 7010 Totsichirknblèexpendllu STAFF NUM8ERSANDCOSYS Thea%Eray numb•rernpliryeeidurlr4th•Jwreulated on a lulltlmelqu•[efttbW18Jsf0I1ry.. 2024 Dlrectchartlablowoik Admlntstratlon The 48W8ttpabroll¢ostsofth•ge perwnswere86101lo:. 2023 Wagesand saiaites SocIatCty£09tS Penslon cost5 RedundancypayrnMts S318 21880 No trusteerecefved arryeTh1umeni$lrnmihe¢horltab¢QMp3rryI2ff3-£NlII. Noempiosefece1d eWAereX¢eedlng£60,IjOodurln8Ihe curyent0rp¥Ous finorKlalJYar.
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15 OfownhlUsCommunltyAMcltloftUmiied Iumltad byGuaranteel Notestolh&FlnanelalStatsments rthtrYearEnd¢d almarch 2024 UNRESTRICTED INCOME FUNDS 8aiart¢e8t IApr112023 Nei Incomlngfesources lortheyear 4145213 .194067 Balance 8t31 March2024 251Ue Th•lncom•lund80tlhechailtylncludethelolLowtngd•slgnated lynd¥whkh have beenJei•sldeoutof unTe3trlcled lunds bylhe1ruste0sforsp1Ip1pOIeS:. Balance N Funds Balance 31,8.2023 do@110 undoityr TF•nslers 31.3.2 MdnOthrnaneo Isoooo ANALY$I$OF NEfA88EfsoEFWEEN FUNDS 13en•ial Fund¥ 0e318nated R•&trlctod Totsl Funds Funds Funds Tanilbleflx•d current CUentI13bllltIes CredEtors du8aft•i MM than0yda1 101ts8 150000 253424 PENSIONS Theemployéfs contrt1)Uon$ made totheWMPFSln 2024re£88s(2o23EZ0.730Iw1th an gmpl0y•rf$conirI1Qn r•t•o124.251601 ponslonebieptyand anemplo>pg's¢ontdbutsonot&g% ol pgrnlonable pay. Thela$l4cluawlalVaiuatlondèWag3l March2024.Thekeyelements o1theva1uadonwe. Totsl scheme tlabllltle$ipenslon5cumnttyln payrnentand the estimated COM ollutt¢ie benelltsl lorserthe• totheeffectfve datg olU57,000. Ind nottonalassets (Notlonallmslments held atthevaluatlondalel oI£SOI,OOOglvlnga notJonalpa3tgeNlce surplus 01£4401X>12019 DeNclt.ÉlS.0001. DellcR recobwyperlod Is 2yeai& Brtr•mhlllg CommunltyAssoclatlonUmbted¢¢a5eda$8nempwrlnWMPFSon31sl March20 Theflnalc•ss&tlon valuaiionwas¢omWed InOttthr2tr23wlth•surpluso1£44,OOOlora Iurnp8um TetlMienlbenefltol£U800. Employee3lolnlnithernoneypurcha58 pen¥lon scheme operated lryN&8T¢ontractdlrecttyYlthlhe comparry. TheAssoclatlon made a contrlbuiiono1396of salarytothls penslon scheme and actSa58gentlncollecllngaThl pWngo¥qr èmployee rI0Contr1l0nS.Th*conlr1tsUd0fflad8fOrthacC0Un¢1BPeIl0d areireaiedas anexpewandwere É2A46 12022:£L130)