Charity registration number 1055640
Company registration number 03160299 (EnglarEd and Wales)
TP RILEY COMMUNITY ASSOCIATION LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

TP RILEY COMMUNITY ASSOCIATION LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Ndrs L Emery
Mrs B A Mulqueen
M S Taylor
r I S Yardley
Secretary
Mr& E C Boycott
Charity number
1055640
Company number
03160299
Registered office
Slan Ball Centre Abbotts Street
Bloxwich
Walsall
Wesl Midlands
WS3 3NI
Auditor
BK Plus Audit Limited
Azzurri House
Walsall Road
Aldridge
Walsall
England
WS9 ORB

TP RILEY COMMUNITY ASSOCIATION LIMITED
CONTENTS
Page
Trustees, report
Slalement of trustees, responsibilities
Independent auditor's report
Statemenl of financial activities
10
B31ance sheet
11
Statement of cash flows
12
Notes to the financial statements
13-23

TP RILEY COMMUNITY ASSOCIATION LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial statements for Ihe year ended 31 March 2024.
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 charily's governing document, the Companies Act 2006 and
"Accounting and Reporting by Charities.. Sialement of Recommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland
(FRS 102) (effective 1 January 20191"
Objectives and activities
Blo>wich Community Partnership IBCP) is based in Bloxwich in the north of Walsall Metropolitan Borough being
a Charitable Comp2ny Limited by Guarantee delivering from two centres in the local area. The charity works
with the whole community-, all ages, abilities and needs. offering social activities, care, support, recreation81 ar)d
learning opportunities.
The charity was established to promote the benefit of the inhabitants of Bloxwich and ils neighbourhood wilhoul
discrimination of sex, race, political or religious opinion, by working together with local statutory and voluntary
organisations in a common effort to advance education and provide facilities in the interesls of Social welfare for
recreation and leisure time, with the object of improving the conditions of life of the said inhabitants.
The charity has been sewing the communities of Bloxwich and Blakenall for over 45 ye3rs. Our success is due
to continually diversifying and developing our activities and services to meet the changing needs of the local
community.
The year 2023124 was the first full year post Covid, where services were able lo operate without reslrictions.
Our Vision, Mission and Values continue to be the focus of our work and the needs of the community at the
forefront of our work.
Our Vision -'Bloxwich Community Partnership- Our Charity foryour Community,
Our Mission To bring local people together, to support people of all ages to engage in learning, leisure and
SOC131 activity and to encourage healthy lifesiyles and well being,.
Our Values Our values are Ihe guiding principles for how we deliver our services to local people..
Pride in our ¢harily
Pride in our community
Pride in our users
Pride in our staff
Pride in our services
BCP is govemed by a Board of Tru5teeslDirectors who are appointed annually at the Annual General Meeting
held in the Autumn. Nominations to the board are limited lo residents or professionals of the are8 of benefit andl
or users of the charity's facilities. The charity currently has a board of four members following the resignation of
one long service Trustee during the year. Trusteesldirectors are encouraged to work actively for the benefit of
the charity, bringing their own skills and experience in support of our vision, mission and values.
The Chief Executive works alongside the Finance Director to manage and drive the business forward. The
charity also employs administrative, supervisory and project staff lo maintain the smooth running of ils projects
and Centres.
The Partnership administr8tive base is at The St8n Ball Cenlre, Abbotts Street, Bloxwich. In addition to the
charily's administralion, the Stan Ball Centre offers a range of social, learning and support opportunities for
adults and provides high quality day care for adults with learning disabilities and older people with social care
needs, including dementia. Blakenall Centre focuses our work with children and families and has two distinct
areas - the Electric Palace, our centre for young people delivering alternative educalion, youth projects and youth
club. The main part of the building houses Palace Play Shop Eat, our charity shop, tea rooms and inflatable play.

TP RILEY COMMUNITY ASSOCIATION LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
charity should undertake.
Achievements and perforrnance
The Charily's performance 15 summarised below=
This year was another year of significant growth with income increasing by around 23°/o on the previous year.
This is due lo an increase in the level of existing services and the development af new work.
stan Ball
This year has been a year of grobbih for the centre. Activities have grown and the centre is a busy vibrant place to
be on a daily basis.
Numbers on daycare have been stable throughout the year with new referrals being received weekly. The
programme is continuing to operate at around 250 visits per week, up 25 10 on 2021122 figures and 400/0 higher
than pre Covid levels. The day consists of 3 range of activities including arts and crafts, physical activity
including dance, quizze5 and gami es, use of the outdoor space, gardening, cooking and general life ski115. Hol
food and refreshments are avai18ble Ihroughoul the day with transport being available as part of the care
package. Transport is provided by Walsall Community Transport.
Daily coffee momings provide a ¢afe warm space for people lo meet in a social setting. Coffee momings take
place every moming with around 20 people attending each day. Real friendships have been developed and the
sessions have helped peoples confidence grow. Alongside this telephone befriending is cor)linuing for those
people who are still reluctant lo come into centre or have heallh or mobility issues ihal prevent them from
participating. Afternoon aGtivity sessions have been introduced this year enabling Sike minded people to come
together around a theme or activity. Sessions include a WelSbeing Group. Book Club, Dementia Café,
Bereavement Café, Craft, Quiz and Bingo sessions.
'Take a Chance Let's Dance, sessions have continued for our Adults with learning disabilities. This group have
worked hard to learn a new skill and have achieved recognition for their work by achieving a number of fomial
dance exams in tronl of an independent dance examiner. Dance and physical activity also form part of the
Wellbeing Group with a focus on increasing activity levels and improving mobility.
Individuals in our community can be supported by our Making Connections Walsall programme. The worker
provides one to one practical support and advice that includes access to food banks, community activilies, crisis
support funding and befriending. This work also sits alongside our Walsall Connected offer to the community
helping the community lo access online council services.
Palace Pla
Sho Eat
Palace Play Shop Eat is an important community resource and we are seeing more people coming into the
cenlre who need help and support around cosl of living and food poverty. The Board have a clear strategic vision
for the future of the centre, improving the community space, shop and play creating a modern hub within the
community.
During the year Play and Shop have reduced its opening hours. The play equipment is corning toward5 the end
of its usable life and several repairs have been made during the year to keep the equipment safe and in
operation. A lot of work behind the scenes has been going on to secure the long term future of Play with 8 vision
lo improve the facilities In the next 12 months.
We have a simi18r vision for the Shop and hope to improve ihe facilities and introduce general communily space
to enable the centre to increase ils offer around community support, Walsall Connected services and access to
cost of living support and Foodbank Vouchers.

TP RILEY COMMUNITY ASSOCIATION LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The Electric Palace- Workin With Youn
Working with young people has alway5 been important to the charity.
Our Allemative Education provision continues to offer a nurtLJring environment, which builds lasting relationships
with these hard to reach young people. The 2022-2023 cohort all left with Level 2 IGCSE grade 4 equivalents) in
Personal Social Development. those who had been with us during Year 10 and Year 11 left us with bNo GCSE
grade 4 equivalents, as well as Level 2 Food Hygiene for catering and a growth in confidence and an ability to
take responsibility for their 2clions. This cohort of learners have had successful progression routes. one
completing an Electrician apprenticeship, another completing beauty at Wolverhampton College and one of our
male students is studying Childcare at Walsall College. Our current Year 11 cohort will all have a Level 2 IGCSE
41 qua5ification in Personal Social Effectiveness and all have post 16 progression idess or plans in place, with
one being successful in her application to the Army, two have Walsall College places and another has secured
employment. This year we have worked alongside New Leaf to trial hosting online English and Maths sessions.
this is managed and contracted by New Leaf and staff ensure thal the young people have a space to log on
access to a laptop, this approach has been praised and iecognised as an excellent example of joint up working
for the success of the young people. All have signed up lo our POP wellbeing programme for further support
from staff to bridge the gap between leaving in July and moving on in September. Our contract is secured until
2029, with an improved method of charging which ensures 8 higher income for the Charity.
During the year we have been able Io grow the POP (Positive Outcomes Project) brand with the addition of
general youth activities, youth clubs and oulreach work being added to the existing wellbeing project. The youth
bus continues lo be Ljsed as a mobile outreach provision enabling staff to engage with young people in parks,
green spaces and within the wider Community.
In Ihe community youth antisocial behaviour and poor OLJlcomes for young people has been highlighted in the
local and national press with the community unfairly labelled the worst eslale in Britain. As a result significant
funding has been secured from Walsall Council and New Horizons Community Enterprise lo reinstate a youth
team operating from the centre and lo reopen youth clubs. In January two fulltime workers joined the le8m and
working with the existing team under the management of the Youth Manager. POP Youth vdas created in January
and quickly became well established within the community. Engagement is high and attendance figure are
growing.
POP Wellbeing continues to deliver wellbeing support to young people aged 15-25 years through a network of
youth hubs across the Borough with a fourth Hub opening in the next financial year.
The Holiday Activities Fun IHAFI is a govemment scheme to deliver activities for children on free school meals
during specific school holidays. We have been successful in securing the full allocation of sessions during Easter,
Summer & Christmas. We filled our 20 spaces wilhin 1 week of. being able to book. It has enabled the youth team
to purchase new equipment Ihat can be used for future projects and existing young people as well as giving
children the opportunity lo experience activities they would not have the chance to. For example, a theatre trip,
rock climbing, caving and archery.
Workin
In The Communit
This year has seen the charity continue ils work across the Borough within the wider community.
Walsall Connected is a co-produced project between ourselves and Walsall Council. The programme provides
community access lo onliné council services at community cenlres and libraries across the Borough. As the lead
voluntary sector provider we support partners lo have the skills and understanding to deliver the seriice within
their community. This approach broadens the reach of services ensuring each community has an offer suitable
lo meet their needs.
'Let's Chat, is a three way partnership between ourselves, Manor Farm Community Association and Walsall
Community Transport. This Public Heallh funded project known officially as Thrive lakes a mobile unil into the
heart of the community to provide wellbeing information and support across the Borough.
This year the centre has become the Resilient Communities Lead for the North of Walsall, appointing a part time
officer to lead this work. This project is around supporting and helping to develop smaller 'grassroots' voluntary
sector groups and organisations within the North of Walsall (similar leads are funded to work on the South, East
and Wesl of Walsall). This work enables us to share our learning on project delivery, bid writing and funding,
organisation81 and financial management. By doing this we are helping lo build a more resilient voluntary sector
creating belter outcomes for our communities.

TP RILEY COMMUNITY ASSOCIATION LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Financial review
The charity has operated successfully during the year in the furtherance of its principal activities and a summary
of those activities is set out in the Statement of Financial Activities on page 4.
There was a net increase in funds of £172,607 {2023 - £129,501)
11 is the policy of the charity that unrestricted funds which have not been designated for a specific use should be
maintained at a level equivalent to between three and six month's expenditure. The trustees Considers that
reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the
charity's current activities while consideration is given to ways in which additional funds may be raised. This level
of reserves has been maintained throughout Ihe year.
The trustees has assessed the major risks lo which the charity is exposed, and are satisfied that systems are in
place to mitigate exposure to Ihe Major risks.
Risk Management
The charity is conscious of the need for risk management and the need lo plan strategically for the Son9 term.
The future of the charity depends on our ability to continue to atlract funds by providing a successful quality
sepiice on behalf of our community. The organisation continues to diversify its activities by providing a range of
services to users funded from a range of different sources. In addition, we are raising an income through directly
delivered seNices and charitable giving. This income will be used when appropriate to help maintain services
and improve facilities within our centres when funding is not available.
The'charily also recognises the importance of ils staff, trustees and volunteers in the daily operation and
management of ils work.
Future Plans
DurTng the year we have been working hard to secure funds to refurbish the Blakenall Centre. As we end the
year we can confirn a funding package of £1,340,512 has been secured from a number of funders including
Bloxwich Towns Fund Community Capital Programme, New Horizons Community Enterprise and Walsall Council
with the Charity also investing £150,000 to the project. The project will see the sile Completely refurbished and
redesigned during 2025 10 include a new youth base, charity shop with new community space and new children's
soft play. This is an exciting opportunity for the charity and the local community.
Structurej governance and management
The charity is a company limited by guarantee and gained charitable status on 1 June 1996. The company's
governing documents are the Memorandum and Articles of Association.
The trustees, who are also the directors for the purpose of company law, and who serded during the year and up
to the date of signature of the financial statements were".
Mrs L Emery
Mrs B A Mulqueen
Miss R Mulqueen
M S Taylor
Mr I S Yardley
{Resigned 26 September 20231
None of the trustees has any beneficial irllerest in the company. All of the trustees are members of the company
and guarantee lo conlribute £1 in the evenl of a winding up.
Auditor
In accordance with the company's articles, a resolution proposing that BK Plus Audit Limited be reappointed as
auditor of the company will be put at a General Meeting.

TP RILEY COMMUNITY ASSOCIATION LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees. report was Approved by the Board of Trustees.
Mrs E C Boycott
Secretary

TP RILEY COMMUNITY ASSOCIATION LIMITED
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees, who are also the directors of TP Ri18y Community Association Limited for the purpose of company
law, are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi￿).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair
view of the state of affairs of the charity and of the incorning resources and application of resources, induding the
income and expendiiure, of the charitable company for Ihat year.
In preparing these financial statements, the Irustees are required to=
select suitable accounting policies and then apply them consistently.,
obseNe the methods and principles in the Charities SORP-,
make judgements and estimates that are reasonable and prudent.,
slate whether applicable UK Accounting Slandards have been followed, subject to any material departures
disclosed and explained in the financial statements., and
prepare the financial statements on the going concern basis unless it is inappropriate to presume Ihat the charity
will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al
any time the financial position of the charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. They 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.

TP RILEY COMMUNITY ASSOCIATION LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF TP RILEY COMMUNITY ASSOCIATION LIMITED
Opinion
We have audited the financial statements of TP Riley Community Association Limited Ilhe 'charity'l for the year
ended 31 March 2024 which compNse the slatement of financial activities. the ba12nce sheet, the slatemenl of cash
flows and notes to the financial slatpments, including significant accounting policies. The financial repotting
framework that has becn applied in their preparation is applicable law and United Kingdom Accounting Siand2rds,
including Financial Reporting Standard 102 The Financffal Reporting Standard appliGable In the UK and Republic of
Irelond (United Kingdom Generally Accepted Accounling PrJctice)-
In our opinion. the financial slalernenls".
give a true and fair view of the stale of the charitable CornpanY'￿ affairs as at 31 March 2024 and of its
incoming rp.sources and application of resources, for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.,
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Intemalional Standards on Auditing {UKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditorfs ￿SpOnsIbl]it1es for Ihe audit of
Ihe financi81 statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevanl lo our audit of the financial slalements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relaling to events or
conditions that, individually or collectively. may cast significant doubt on the charity's ability to continue as a going
concern for a period of al least tr￿e1ve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibililies of Ihe Iruslees with respect to going concern are described in the
relevant sections of this report.
Other information
The other informalioq comprises the information included in the annual report other than the financial slalemenls
and our auditor's report thereon, The tru51ees are responsible for the other information contained within the dnnual
report. Our opinion on the financial slalemenls does not cover the other information and we do not express any form
of assurance conclusion Ihereon. Our responsibility is to read the other information and, in doing so, consider
whether the other information is materially inconsistent with the. financial statements or our knowledge obtained in
the course of the audit, or otherwise appears to be materially misstated_ If we ioenlify such maierial inconsistencies
or apparent fflalerial mi.£stalements, we are required lo determino whether this gives rise to a material misslalemenl
in the financial stalemeils themselves. If, based on the work we hdve performed, we conclude that there is a
material misslalement of this other information. we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing lo report in respect of the following mallers in relation lo which the Charities (Accounts and
Reports) Regulations 2008 require us to report lo you if, in our opinion-.
the inforniation given in the financial statements is inconsistent in any material respect with the trustees,
report., or
sufficient accounting records h2ve not been kept. or
the fin8ncial statements are not in agreemenl with the accounting records., or
we have not received all the information and explanations we require for our audit.

TP RILEY COMMUNITY ASSOCIATION LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF TP RILEY COMMUNITY ASSOCIATION LIMITED
Responsibilities of trustees
As explained more fully in- the statement of trustees, responsibilities, the trustees, who are also the diredors of the
charity for the purpose of company12w, are responsible for the preparation of the financial statements 2nd for being
satlsfied that they give a true and fair view, and for such intemal control as the trustees delermine is necessary to
enable the preparation of financial statements that are free from material misstatement. whether due to fraud or
error. In preparing the financial stalemenls, the tThstees are responsible for assessing the chanty's ability to
continue as a going concern, disclosing, as applicablc, matters related lo going concern and using the going
concern basis of accounting unless the trustees eilher intend to liquidate the charitable company or to cease
operations. or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the
Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial stalements as a whole are free from
materi81 misstatement, whether due to fraud or error, and lo issue an audilols report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an auoit conoucted in accordance
with ISAS (UK) will alw8ys delect a materi81 misstatement when il exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could re8sonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, 8re instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, outlined above, lo detect material misslatemenls in respect of irregularities, including
fraud. The extent to which our procedures are capable of delecting irregularities, includlng fraud, is detailed below.
From the preliminary stage of the audit, we ensure our understanding of the entity is up lo dale. This includes, bul is
not limited to, current knowledge of their activities, the business and control environments, and their compliance
with the applicable legal and regulatory frameworks. This information supports our risk identrficalion and the
subsequent design of audit procedures lo mitigate those risks- ensuring that the audit evidence obtained is suffici&nt
and appropriate to support our opinion.
In response to the risks identified, specific to this entity, we designed procedures which included, but were not
limited lo-.
Enquiry of management and those charged with governance around actual and potential liligalion and claims-
Reviewing minutes of meetings of those charged with governance, if available.,
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with
applicable saws and regulations.,
Auditing the risk of manaoemenl override of controls, including through testing journal entries and other
adjustments for 3pproprialeness, and evaluating the business rationale for significant transaclions outside the
normal caurse or business.
A further description of our responsibililies is available on the Financial Reporting Council's website at-. https'.11
www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report.

TP RILEY COMMUNITY ASSOCIATION LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF TP RILEY COMMUNITY ASSOCIATION LIMITED
Use of our report
This report is rnade solely to the company's members, as a body, in accordance with section 391 of the Companies
Act 2014. Our audit work has been undertaken so that we might state to the company's members those matters we
afe required to state to them in an auditors report and for no other purpose. To the fullest extent permitted by law,
we do not accept or assume responsibility to anyone other than the company and the company's members as a
body, for our audit work, for this report, or for the opinions we have fomied.
Chrlstopher Hesslon C.A. Senlor Statutory Auditor
BK PlusAudlt Llmlted
1610% IL0&
statutory Auditor
l¥zzurri House
Walsall Road
Adridge
Walsall
England
WS9 ORB

TP RILEY COMMUNITY ASSOCIATION LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Income from:
Charitable activities
Investments
1,526,616
11,245
160,416
1,687,032
11,245
1,138,727
1,256
234,081
1,372,808
1,256
Total income
1,537.861
160,416
1,698,277
1,139,983
234,081
1,374,064
Expenditure on-
Raising funds
Charitable activities
4,914
1.411,087
4,914
109,669 1,520,756
7,579
1,016,803
7,579
1,261,984
245,181
Total expenditure
1,416,001
109,669 1,525,670
1,024,382
245,181 1,269,563
Net income
121,860
50,747
172,607
115.601
{11.100)
104,501
Transfers be￿een
funds
(11,100)
11,1QO
Other recognised
gains and losses-
Revaluation of tangible
fixed assets
25,000
25,000
Net movement in
funds
121,860
50,747
172,607
104,501
25,000
129,501
Reconciliation of *unds:
Fund balances at 1 April 2023
766,630
600,000 1,366.630
662,129
575,000 1,237,129
Fund balances at 31 March
2024
888,490
650,747 1,539,237
766,630
600,000 1,366,630
The statemenl of financial activities includes all gains and losses recognised in the year, All income and expenditure
derive from continuing activities.
10

TP RILEY COMMUNITY ASSOCIATION LIMITED
BALANCE SHEET
ASAT31 MARCH2024
2024
2023
Notes
Fixed assets
Tangible assets
11
633,777
632,030
Current assets
stocks
Debtors
Cash at bank and in hand
12
13
1,700
195,710
1,211,367
1.700
122,835
777.536
1,408.777
902,071
Creditor5: amounts falling due within
one year
14
{503,317)
{167,471)
Net current assets
905,460
734,600
Total assets less current liabilities
1,539,237
1,366,630
Net assets excluding pension liability
1,539,237
1,366,630
The funds of the charity
Restricted income funds
Unrestricted funds
16
650,747
888.490
800,000
766.630
1.539.237
1,366,630
The company is entitled to the exemption from the audit requirernent contained in section 477 of the Companies Act
2006, for the year ended 31 March 2024, although an audit has been carried out under section 144 of the Charities
Act2011.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of ils financial slatements under the requirements
of the Companies Act 2006. for the year in question in accordance with section 476.
These financial statements have been prepared in accorddnce with the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by the trustees on
16109 Izoi4
Trustee
Company registration number 03160299 (England and Wales)
11

TP RILEY COMMUNITY ASSOCIATION LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operating activities
Cash generated from operations
21
433,987
48,780
Investing activities
Purchase of tangible fixed assets
Investment income received
{11,401)
11,245
(4,159)
1,256
Net cash used in investing activities
11561
(2,903)
Net cash used in financing activities
Net increase in cash and cash equivalents
433,831
45,877
Cash and cash equivalents at beginning of year
777.536
731,659
Cash and cash equivalents at end of year
1,211,367
777,536
12-

TP RILEY COMMUNITY ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charity information
TP Riley Cornmunity Association Limited is a private company limited by guarantee incorporated in England
and Wales. The registered office is Stan Ball Centre Abbotts Street, Bloxwich, Walsall, Wesl Midlands, WS3
3AZ.
1.1 Accounting convention
The financial staternents have been prepared in accordance with the charity's governing document, the
Companies ALt 2006 and "Accounting and Reporting by Charities= Slatemenl of Recommended PraLtice
applicable to charities preparinq their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 1021 {eifeclive 1 January 2019) The charity is a Public
Benefit Entity as defined by FRS 102.
The financial statement% are prepared in sterling, which is the functional currency of the charily. 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 Iruslees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the Iruslees
continue lo adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds 8re 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 sel out in the notes to the financial statements_
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
charily.
1.4 Income
Income is recognised when the charity is leg211y entitled to it after any performance conditions have been mel,
the amounts can be measured reliably, and it is probable Ihat 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 arnount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
13

TP RILEY COMMUNITY ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit to a
third party, il is prob3ble that a transfer of economic bcnefils will be required in settlewienl, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and
shared costs, including support Costs involved in undertaking each activity. Direct costs attribulable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity dnd
support costs which are not attribulabl2 to a single activily are apportioned bohveen those 8ctivilies on a basis
consistent with the use of resources_ Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
Expenditure is accounted for on an accruals basis and has been included under expense categories that
aggregate all costs for allocation to activities, Where costs cannot be directly attributed lo particular activities
they have been allocated on a basis consislent with the use of resources.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and
include project management carried out at headquarters.
Governance costs are those incurred in connection with administration of the Charity and compliance with
constitutional and statutory requirements.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost, nel of depreciation
and any impairment losses.
Depreciation is recognised so as to write off the cost of assets less their residual values Dver their useful lives
on the following bases.,
Freehold land and buildings
Fixtures and fittings
Computers
Motor vehicles
Not depreciated
200/0 reducing balance
20°/o Straight line
25.10 reducing balance
The gain or loss arising Dn the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the a8￿￿et, and is recogniored in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews Ihe carryqng arnounts of ils tangible assets to determine
whether there is any Indication that those assets have suffered an impairmeiyt loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to determine the exlenl of the impairmenl
oss {if any).
1.8 Stocks
Stocks are slated al the lower of cost and eslimated selling price less costs to complete and sell_ Cost
comprises direct materials and, where applicable. direct labour costs and those ovorhoads that have been
incurred in bringing the stocks to their present location and condition. Items held for distribution at no or
nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and CDSts to be
incurred in marketing, selling and distribution.
1.9 Cash and ¢a5h Èquivalents
Cash and cash equivalent5 include cash in hand, deposits held al call with banks, other short-term liquid
investments with original maturities of three months or less, and bank ovérdrafls.
14-

TP RILEY COMMUNITY ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
A¢¢ounting policies
(Continued)
1.10 Financial instruments
The chaiity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instrurnents Issues, of FRS 10210 all of its financial instruments.
Financial instruments are recognised in the charity's ba12nce sheet when the charity becomes party lo the
contractual pravisions of the instrument.
Financial assets and liabilities are offset, with Ihe net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention lo settle on a nel
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried al amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted al a market ralè of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at trar)saction price unless
the arrangernenl conslitules a financing Iransaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequenlly carried at amortised cosl, using the effective interest r2te method.
Trad8 creditors are obligations to pay for goods or sepiices that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if paymenl is due within one
year or less. If not, they are presented as non-current li8bililies. Trade creditors are recognised initially at
transaction price and subsequently measured al amortised cost using the etteclive interest method.
DereGognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.11 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's Se￿iceS are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of 2n employee or lo provide termination benefits.
Change in accounting policy
Presentation of Charitable Expenditure
From 1 April 2023, we have revised the presentation of charitable expendiiure lo include support and
governance costs within charitable activities, in line with updated Charities SOFiP requirements. This change
improves transparency by allocating support and govemance costs across relevar,t aclivilies.
-15-

TP RILEY COMMUNITY ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Critical accounting estimates and judgements
In thé application of the charity's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and u'nderlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revisic)n affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Charitable activities
2024
2023
Government and public bodies
Activities for generating funds
Other charit8ble activities
857,315
34,003
795,714
686,462
49,951
636,395
1,687,032 1,372,808
Analysis by fund
Unrestricted funds
Restricted funds
1,526,616 1,138,727
160,416
234,081
1.687,032 1,372,808
Investments
2024
2023
Interest receivable
11.245
1,256
16

TP RILEY COMMUNITY ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Expenditure on raising funds
Unrestricted Unrestricted
funds
funds
2024
2023
Fundraising and publicity
Advertising
Other fundraising costs
20
4.894
46g
7,110
4,914
7,579
17-

TP RILEY COMMUNITY ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charitable activities
2024
2023
Mana9p.mÉnt and administrative expenses
Salary custs
Depreciation
Premises costs
Youth expenses
Catering and refreshmenls
Day care transport costs
Day care - other costs
Community event costs
Big Lottery Awards for All
819 Latlery Friends for All
SERCO expenditure
Making Connections
Public Health - Thrive Bus
Youth Bus expenditure
Co-op Dance Group Funding expenditure
Palace Play
Heritage Spark Project
Qartnership Youth Project expenditure
NHCE Funding expenditure
Local Council - Holiday Activities Fund
Local Council- Winter Support Fund
Local Council- Resilient Communities
Local Council- Wals811 Connected
Local Council- Community Development
Local Council - We Are Walsall
Local Council - Walsall Connected IHUBI
Local Council - POP Project
100,504
845,786
8,766
39,013
972
32,928
136,213
572
2,321
1,543
3,929
8,227
-106
90,030
8,589
114,178
247
40,193
156,831
1,893
4,967
9,340
184
116,106
567
681
479
51,936
1,042
11,826
21,325
1,387
2.969
125
406
437
16,755
34,201
6,771
570
1,289
267
14,005
385
18,885
1,511,491
407.698
Support and governance costs
Managernent and administration expenses
9.265
535,426
318,860
1,520,756 1,261,984
Analysis by fund
Unrestricted funds
Restricted funds
1,411,087 1,016,803
109,669
245,181
1,520,756
1,261,984
Trustees
None of the trustees (or 2ny persons connected with them) received any remuneration or benefits frorn the
charity during the year.
18-

TP RILEY COMMUNITY ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Employees
The average monthly number of employees during the yearwas..
2024
Number
2023
Nurnber
Directors
Salaried employees
36
33
Total
41
39
Employment costs
2024
2023
Wages and salaries
845,786
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
There w&re no directors or trustees who received any remuneration or benefits
from the charity throughout the period.
10 Taxation
The charity is exempt from taxation on its activities becaLJse all its income is applieo for charitable purposes.
11 Tangible fixed assets
Freehold land Fixtiires and
and buildings
fittings
Computers
Motor
vehicles
Total
Cost or valuation
At 1 April 2023
Additions
600,000
131,595
9,361
110,157
2,040
10,000
851,752
11,401
Al 31 March 2024
600,000
140,956
112,197
10,000
863,153
Depreciation and impairment
At 1 April 2023
Depreciation charged in the year
108,515
6,487
104,039
2,460
7,167
708
219,721
9,655
At 31 March 2024
115,002
106,499
7,875
229,376
Carrying amount
At 31 March 2024
600,000
25,954
5,698
2,125
633,777
Al 31 March 2023
600,000
23,079
6,118
2,833
632,030
19

TP RILEY COMMUNITY ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
11 Tangible fixed assots
{Continued)
Freehold property with a carrying amount of £600,000 was revalued in July 2023 by Fraser Wood (Midlands)
Limited, independent valuers not connected with the charity. on the basis of market valLJe as at 31 March
2023. The valuation was based on recent market transactions on arm's length terms tor similar properties.
This valuation is considered to be still relevant as at 31 March 2024.
12 Stocks
2024
2023
Raw materials and consumables
1,700
1,700
13 Debtors
2024
2023
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
166,494
7,891
21,325
52,717
5.400
64,718
195,710
122,835
14 Creditors.. arnounts falling due within one year
2024
2023
Notes
Deferred income
Trade creditors
other Greditors
Accruals and deferred income
15
68,526
85,530
287,614
101,647
62,939
40,043
318
64.171
503,317
167,471
15 Deferred income
2024
2023
Arising from funding receivea in advance
68,526
62,939
Deferred income is included in the financial statements as follows..
-20-

TP RILEY COMMUNITY ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15 Deferred income
(Continued)
2024
2023
Deferred income is included within..
Current liabilities
68,526
62.939
Movements in the year..
Deferred income at 1 April 2023
Resources deferred in the year
62,939
5,587
72,852
19,913)
Deferred income at 31 March 2024
68.526
62,939
16 Restricted funds
The restricted funds of the charity comprise the unexpendp.d balances of donations and grants held on Irust
subject to specific conditions by donors as to how they rnay be used.
At 1 April
2023
Incoming
resources
Resources
expended
Transfers
Gains and At 31 March
losses
2024
600,000
160,416
1109,669)
650.747
Previous year:
At 1 April
2022
Incoming
resources
Resources
expended
Transfers
Gains and At 31 March
losses
2023
575,000
234,081
1245,181)
11,100
25,000
600,000
17 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balan￿S 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.
At 1 April
2023
Incoming
resources
Resources
expended
Transfers At 31 March
2024
General funds
766,630
1,537,861
(1,416,001)
888,490
Previous year..
At 1 April
2022
Incoming
resources
Resources
expended
Transfers At 31 March
2023
General funds
662,129
1,139,983
{1,024,3821
111,100)
766,630
21

TP RILEY COMMUNITY ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18 Analysis of net assets between funds
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
Current assetsl{liabilities)
33.777
854,713
600,000
50,747
633,777
905,460
888,490
650,747
1,539,237
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
At 31 March 2023:
Tangible assets
Current assetsl{liabililiosl
32,030
734.600
600,000
632,030
734,600
766,630
600,000
1,366.630
19 Operating lease commitments
Lessee
At the reporting end date the charity had outstanding commitments for future minimum lease payments under
nOn-¢an￿lIable operating leases, which fall due as follows".
2024
2023
Within one year
Between two and five years
2,048
2,048
5,121
4,609
7,169
20 Related party transactions
There were no disclosable related party transactions durino the year (2023 - none).
-22-

TP RILEY COMMUNITY ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
21 Cash generated from operations
2024
2023
Surplus for the year
172,607
104,501
Adjustments for..
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
{11,2451
9,655
11,256)
8,766
Movements in working capital:
Ilncreasel in debtors
Increaselldecreasel in creditors
Increaselldecrease) in deferred income
{72,8761
330,259
5.587
(34,2311
(19,0871
(9,9131
Cash generated from operations
433,987
48,780
22 Analysis of changes in net funds
The charity had no material debt during the year.
-23-