2021-03-31-accounts - Willenhall Community Forum Limited

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			Page
Trustees'	Annual Report		1-10
Report of	the Independent	Examiner	11
Statement	of Financial Activities		12
Balance Sheet			13-14
Statement	of Cashflows		15
Notes tothe Financial Statements			16-28

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			Funds	Funds	2021	Funds	funds	2020
		Note	6	6	6	6	6	6
				(Note 13)
Incoming resources
Activities forgenerating		funds
Trading income (incl. trading subsidiary income)			562,087	8,847	570,934	676,723	10,676	687,399
Investment income		6	151		151	1,001		1,001
Incoming resources from
charitable activities
Grants receivable		7	64,500	84,702	149,202		2,000	2,000
Other income		8	10,811	1,306	12,117	13,313		13,313
Total incoming resources			637p549	94p855	732p404	691p037	12p676	703p713
Resources expended
Cost ofgenerating funds
Costs ofgenerating voluntary income			3,775		3,775	3,459		3,459
Trading costs (incl. trading expenditure)		subsidiary	398,885	37,150	436,035	428,317	18,324	446,641
Charitable activities			135,137	37,615	172,752	160,626	12,033	172,659
Governance costs			19,931		19,931	19,303		19,303
Total resources expended		9	557,728	74,765	632,493	611,705	30,357	642,062
Net incoming/(outgoing)
resources being net			79,821	20,090	99,911	79,332	(17,681)	61,651
movement offunds
Transfers between funds			1,434	(1,434)	-	(94)	94
Fund balances brought at1April	forward		321,246	52,316	373,562	242,008	69,903	311,911
Fund balances carried forward at 31March			402,501	70,972	473,473	321,246	52,316	373,562

						Charitable	Company
				2021	2020	2021	2020
			Note	6	6	6	6
Fixed assets
Tangible fixed assets			10	68,729	84,056	68,729	84,056
Investments			11			3	3
				68,729	84,056	68,732	84,059
Current assets
Debtors			12	40,261	43,381	17,723	22,781
Cash at bank				492,314	377,847	445,946	348,995
				532,575	421,228	463,669	371,776
Creditors: amounts		falling due
within one year			13	(127,831)	(131,722)	(58,928)	(82,273)
Net current	assets			404,744	289,506	404,741	289,503
Net assets				473,473	373,562	473,473	373,562
Funds
Unrestricted	funds
—General fund			14	402,501	321,246	402,501	321,246
Restricted funds			14	70,972	52,316	70,972	52,316
			14	473,473	373,562	473,473	373,562

Cashflows from Operating Activities
Operating Profit for the year		99,911
Adjustments for:
Depreciation charged in year		16,563
(Increase) / Decrease in Debtors		3,120
Increase/(Decrease) in Creditors		(3,891)
Interest Received		(151)
Net Cash from Operating Activities		115,552
Cashflows from Investing Activities
Purchase of Fixed Assets during the year		(1,236)
Net Cash from Investing Activities		(1,236)
Cashflaws from Financing Activities
Interest Received		151
Net Cash from Financing Activities		151
Net Increase / (Decrease) in Cash and Cash Equivalents		114,467
Cash and Cash Equivalents at beginning	ofyear	377,847
Cash and Cash Equivalents at end ofyear		492,314

A summary ofthe fin	ancial	ac	tivi	ties	undertaken by the chaditable co	mpany isset out below.
						2021	2020
						E	f
Gross incoming resources						296,368	257,072
Fundraising costs of	grants	and		donations		(3,774)	(3,459)
Charitable activities						(172,752)	(172,659)
Governance costs						(19,931)	(19,303)
Net incoming/(outgoing) resources						99,911	61,651
Total funds brought	forward					373,562	311,911
Total funds carried forward						473,473	373,562
Represented by:
Restricted income funds						70,972	52,316
Unrestricted income	funds					402,501	321,246
NET INCOMING/(OUTGOING)			RESOURCES
						2021	2020
						6	E
Net incoming/(outgoing)		resources			isstated after charging:
Auditor/Independent	examiner's			remuneration
- audit/independent	exam					2,460	2,400
Operating leases
—rent payable						4,600	4,600
—plant and machinery						7,061	7,111
Depreciation oftangible fixed assets
—owned assets						16,563	15,228

		Unrestricted	Restricted	Total 2021	Unrestricted	Restricted	Total 2020
		2021	2021		2020	2020
Interest	Received	151		151	1,001		1,001

		Unrestricted	Restricted	Total 2021	Unrestricted	Restricted	Total 2020
		2021	2021		2020	2020
Donations		934	1,306	2,240	2,074		2,074
Tickets gr	Events	5,179		5,179	5,239		5,239
Insurance	Claim	698		698
Employers	Allowance	4,000		4,000	3,000		3,000
Settlement	of Lease
Agreement					3,000		3,000
		10,811	1,306	12,117	13,313		13,313

TOTAL RESOURCES	TOTAL RESOURCES	EXPENDED	EXPENDED
				Staff		Grants	Support	Total	Total
				Costs	Depreciation	Payable	Costs	2021	2020
						E	E	E	E
Costs ofgenerating		funds
(Unrestricted)
Cost ofgenerating		voluntary	income	3,438			337	3,775	3,459
Trading costs				357,118			41,767	398,885	428,317
Charitable expenditure				87,314	8,717		39,106	135,137	160,627
Governance				16,776			3,155	19,931	19,303
				464,646	8,717		84,365	557,728	611,706
				Staff		Grants	Support	Total	Total
				Costs	Depreciation	Payable	Costs	2021	2020
						E	E	E	E
Costs ofgenerating		funds
(Restricted)
Cost ofgenerating	voluntary		income
Trading costs				36,628			522	37,150	18,324
Charitable expenditure				11,760	7,846	500	17,509	37,615	12,032
Governance
				48,388	7,846	500	18,031	74,765	30,356
							2021	2020
Staff costs:							E	E
Wages and salaries						480,652		449,540
Social security costs						25,093		23,285
Pension costs							7,289	6,811
						513,034		479,636
						Number		Number
Average number of		persons	employed	by the group	was as follows;		37	38

TOTAL RESOURCES EXPENDED (Continued)	TOTAL RESOURCES EXPENDED (Continued)	TOTAL RESOURCES EXPENDED (Continued)
				2021		2020
				E		E
Support costs include:
Rent and room hire				11,507		23,144
General and water rates				257		7,434
Light and heat				14,663		20,971
Insurance				7,662		6,771
Office expenses				15,444		17,201
Advertising				360		635
Repairs and renewals				8,443		14,687
Medical supplies	and cleaning			4,377		5,472
General supplies				6,932		15,618
Training				1,259		3,236
Nursery resources	and	activity		4,494		13,445
Events and projects				14,333		4,071
Travel and expenses				581		20
Sundry expenses				5,690		5,022
Professional fees				7,121		8,728
Bank and credit charges				934		1,187
Bad debts recovered				(2,131)		(4,475)
Bad debts				471		3,231
				102,396		146,398
TANGIBLE FIXEDASSETS			Leasehold	Fixtures
			land and	fittings	Ik
Group and charitable		company	buildings	equipment		Total
			E	E		E
Cost
1April 2020			773,460	334,474		1,107,934
Additions				1,236		1,236
31March 2021			773,460	335,710		1,109,170
Depreciation
1April 2020			698,866	325,012		1,023,878
Charge for year			13,563	3,000		16,563
31March 2021			712,429	328,012		1,040,441
Net book amount
31March 2021			61,031	7,698		68,729
31March 2020			74,594	9,462		84,056

A summary oft	he re	sults ofthe	subsidiary is shown below:
				2021	2020
				6	6
Turnover				426,896	525,137
Cost ofsales				(411,375)	(416,218)
Gross profit				15,521	108,919
Administrative	expenses			(24,661)	(30,423)
Interest receivable
Other operating	income			52,067
				42,927	78,496
Gift aid to Willenhall		Community	Forum Limited	(42,927)	(78,496)
Retained in the	company
The aggregate ofthe		assets, liabilities and funds was as follows:
Assets				91,514	100,779
Liabilities				(91,511)	(100,776)
Funds (representing		3 ordinary	shares of 61 each (2020: 3) and a
profit and loss account of ENil (2020:ENil)

							Group		Charitable	Company
						2021		2020	2021	2020
12	DEBTORS					6		E	6	E
	Trade debtors					19,942		28,047	7,471	17,211
	Other debtors					260		1,525	260	1,525
	Prepayments	and accrued			income	20,059		13,809	9,992	4,045
						40,261		43,381	17,723	22,781
13	CREDITORS
							Group		Charitable	Company
						2021		2020	2021	2020
						6		f	6	6
	Amounts falling		due within		one year:
	Trade creditors					18,861		22,210	904	3,633
	Amounts due	to subsidiary			undertaking				22,608	51,327
	Other taxation		and social security			4,907		1,040	4,907	1,040
	Other creditors					6,087		7,114	6,087	7,114
	Accruals and deferred			income		97,976		101,358	24,422	19,159
						127,831		131,722	58,928	82,273

Included	in	accruals and	deferred income above is the following d	eferred income:
				2021
				f.
Deferred	income brought		forward	79,675
Recognised		in the year		73,828
Released	in	the year		(79,675)
Deferred	income carried		forward	73,828

STATEMENT OF FUNDS
				Balance				Balance
				31March	Incoming	Resources		31March
				2020	resources	expended	Transfers	2021
				E	6	E	E	E
General reserves				321,246	637,549	(557,728)	1,434	402,501
Restricted funds
Access to Volunteering	Fund			2,000				2,000
2yr old Capacity Grant				43,155		(7,846)		35,309
Early Years Pupil Premium				1,431	6,952	(510)		7,873
Early Years Disability Access				1,230	615			1,845
Pupil Premium PEP					100			100
High Needs Top Up					517	(12)		505
Sen Inclusion Funding					663	(663)
Whitefriars Housing Community			Pride	4,500				4,500
Willenhall Food Hub					41,490	(24,423)	(1,581)	15,486
Vinci UK Foundation					4,930	(4,439)		491
Clarion Community Investment					2,863			2,863
Coventry & District Charitable		Trust			440	(348)	(92)
Coventry General Charities					320	(559)	239
)ob Retention Scheme Grant					35,965	(35965)
Total restricted funds				52,316	94,855	(74,765)	(1,434)	70,972
Total funds				373,562	732,404	(632,493)		473,473

STATEMENT OF FUNDS	(Continued)	(Continued)
			Balance				Balance
			31March	Incoming	Resources		31March
			2019	resources	expended	Transfers	2020
			E	E	E	E	E
General reserves			242,008	691,037	(611,705)	(94)	321,246
Restricted funds
Access to Volunteering	Fund		2,000				2,000
Mini Children's Woodland			741		(741)
2yr old Capacity Grant			51,001		(7,846)		43,155
Early Years Pupil Premium			9,337	4,810	(12,715)		1,431
Early Years Disability Access			632	1,230	(632)		1,230
Pupil Premium PEP			300	100	(400)
High Needs Top Up				1,400	(1,400)
SEN Inclusion Funding				3,136	(3,177)	41
Whitefriars Housing Community		Pride	4,500				4,500
Backto my Roots Project			603		(603)
Active Citizens Fund			489	2,000	(2,489)
St Georges Day 2019			300		(353)	53
Total restricted funds			69,903	12,676	(30,357)	94	52,316
Total funds			311,911	703,713	(642,042)		373,562

ANALYSIS OF GROUP	ANALYSIS OF GROUP	NET
ASSETS BETWEEN FUNDS
			Tangible	Net		Tangible	Net
			fixed	Current		fixed	Current
			assets	Assets	Total	assets	Assets	Total
			E	E	E	E	E	E
			2021	2021	2021	2020	2020	2020
Restricted	funds
Access to Volunteering		Fund		2,000	2,000		2,000	2,000
2yr old capacity grant			35,309		35,309	43,155		43,155
Early Years	Pupil Premium			7,873	7,873		1,431	1,431
Early Years	Disability Access			1,845	1,845		1,230	1,230
Pupil Premium PEP				100	100
High Needs	Top Up			505	505
Whitefriars	Housing
Community	Pride			4,500	4,500		4,500	4,500
Willenhall Food Hub				15,486	15,486
Vinci UK Foundation				491	491
Clarion Community
Investment				2,863	2,863
			35,309	35,663	70,972	43,155	9,161	52,316
Unrestricted	funds		33,420	369,081	402,501	40,901	280,345	321,246
			68,729	404,744	473,473	84,056	289,506	373,562

	2021	2020
	E	E
Within one year	11,661	11,661
Between two and five years	21,736	31,097
After more than five years		2,300
	33,397	45,058