2022-03-31-accounts - Willenhall Community Forum Limited

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Forthe year ended	31March 2022
Registered No.	03125686
Charity Registered	No. 1057458

			Page
Trustees'	Annual Report		1-7
Report of	the Independent	Examiner	8
Statement	ofFinancial Activities		9
Balance Sheet			10-11
Statement	ofCashflows		12
Notes tothe Financial Statements			13-25

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		Funds	Funds	2022	Funds	funds	2021
	Note	6	6	6	6	6	6
			(Note 13)
Incoming resources
Activities for generating	funds
Trading income (incl. trading subsidiary income)		647,399	36,260	683,659	562,087	8,847	570,934
Investment income	6	189		189	151		151
Incoming resources from
charitable activities
Grants receivable	7	12,000	35,145	47,145	64,500	84,702	149,202
Other income	8	5,557	3,650	9,207	10,811	1,306	12,117
Total incoming resources		665,145	75,055	740,200	637,549	94,855	732,404
Resources expended
Cost ofgenerating funds
Costs ofgenerating voluntary income		3,955		3,955	3,775		3,775
Trading costs (incl. trading expenditure)	subsidiary	464,655	24,202	488,857	398,885	37,150	436,035
Charitable activities		133,424	51,798	185,222	135,137	37,615	172,752
Governance costs		20,345		20,345	19,931		19,931
Total resources expended	9	622,379	76,000	698,379	557,728	74,765	632,493
Net incoming/(outgoing)
resources being net		42,766	(945)	41,821	79,821	20,090	99,911
movement offunds
Transfers between funds		6,500	(6,500)		1,434	(1,434)
Fund balances brought forward at 1April		402,501	70,972	473,473	321,246	52,316	373,562
Fund balances carried forward at31March		451,767	63,527	515,294	402,501	70,972	473,473

						Charitable	Company
				2022	2021	2022	2021
			Note	6	6	6	6
Fixed assets
Tangible fixed assets			10	54,843	68,729	54,843	68,729
Investments			11			3	3
				54,843	68,729	54,846	68,732
Current assets
Debtors			12	41,992	40,261	37,810	17,723
Cash at bank				553,291	492,314	452,322	445,946
				595,283	532,575	490,132	463,669
Creditors: amounts		falling due
within one year			13	(134,832)	(127,831)	(29,684)	(58,928)
Net current	assets			460,451	404,744	460,448	404,741
Net assets				515,294	473,473	515,294	473,473
Funds
Unrestricted	funds
-General fund			14	451,767	402,501	451,767	402,501
Restricted funds			14	63,527	70,972	63,527	70,972
			14	515,294	473,473	515,294	473,473

		2022	2021
Cashflows from Operating Activities
Operating Profit forthe year		41,821	99,911
Adjustments for:
Depreciation charged in year		16,578	16,563
(Increase) / Decrease in Debtors		(1,731)	3,120
Increase/(Decrease) in Creditors		7,001	(3,891)
Interest Received		(189)	(151)
Net Cash from Operating Activities		63,480	115,552
Cashflowe from Investing Activities
Purchase ofFixed Assets during the year		(2,692)	(1,236)
Net Cash from Investing Activities		(2,692)	(1,236)
Cashflowe from Financing Activities
Interest Received		189	151
Net Cash from Financing Activities		189	151
Net Increase/ (Decrease) in Cash and Cash Equivalents		60,977	114,467
Cash and Cash Equivalents at beginning	ofyear	492,314	377,847
Cash and Cash Equivalents at end ofyear		553,291	492,314

					2022	2021
					6	6
Gross incoming resources					251,343	296,368
Fundraising costs of	grants and			donations	(3,955)	(3,774)
Charitable activities					(185,222)	(172,752)
Governance costs					(20,345)	(19,931)
Net incoming/(outgoing)		resources			41,821	99,911
Total funds brought	forward				473,473	373,562
Total funds carried forward					515,294	473,473
Represented by:
Restricted income funds					63,527	70,972
Unrestricted income	funds				451,767	402,501
NET INCOMING/(OUTGOING)			RESOURCES
					2022	2021
					E	6
Net incoming/(outgoing)		resources is stated after charging:
Auditor/Independent	examiner's			remuneration
-audit/independent	exam				2,532	2,460
Operating leases
—rent payable					4,600	4,600
—plant and machinery					3,005	7,061
Depreciation oftangible		fixed assets
—owned assets					16,578	16,563

		Unrestricted	Restricted	Total 2022	Unrestricted	Restricted	Total 2021
		2022	2022		2021	2021
Interest	Received	189		189	151		151

		Unrestricted	Restricted	Total 2022	Unrestricted	Restricted	Total 2021
		2022	2022		2021	2021
Donations		599	3,650	4,249	934	1,306	2,240
Tickets S.	Events	958		958	5,179		5,179
Insurance	Claim				698		698
Employers	Allowance	4,000		4,000	4,000		4,000
		5,557	3,650	9,207	10,811	1,306	12,117

TOTAL RESOURCES EXPENDED	TOTAL RESOURCES EXPENDED	TOTAL RESOURCES EXPENDED
			Staff		Grants	Support	Total	Total
			Costs	Depreciation	Payable	Costs	2022	2021
					6	6	E	6
Costs ofgenerating	funds
(Unrestricted)
Cost ofgenerating	voluntary	income	3,599			356	3,955	3,775
Trading costs			392,612			72,043	464,655	398,885
Charitable expenditure			93,446	8,732		31,246	133,424	135,137
Governance			16,982			3,363	20,345	19,931
			506,639	8,732			622,379	557,728
						107,008
			Staff		Grants	Support	Total	Total
			Costs	Depreciation	Payable	Costs	2022	2021
					6	E	6	6
Costs ofgenerating	funds
(Restricted)
Cost of generating	voluntary	income
Trading costs			21,918			2,284	24,202	37,150
Charitable expenditure			9,715	7,846	300	33,937	51,798	37,615
Governance
			31,633	7,846	300	36,221	76,000	74,765
						2022	2021
Staff costs:						6	6
Wages and salaries					501,271		480,652
Social security costs					29,127		25,093
Pension costs						7,874	7,289
					538,272		513,034
					Number		Number
Average number of	persons	employed	by the group	was as follows;			37


9	TOTAL RESOURCES EXPENDED (Continued)
				2022	2021
				E	E
	Support costs include:
	Rent and room hire			19,010	11,507
	General and water rates			2,922	257
	Light and heat			20,178	14,663
	Insurance			7,922	7,662
	Office expenses			15,068	15,444
	Advertising			360	360
	Repairs and renewals			20,047	8,443
	Medical supplies and cleaning			6,324	4,377
	General supplies			16,825	6,932
	Training			4,025	1,259
	Nursery resources and	activity		7,612	4,494
	Events and projects			4,731	14,333
	Travel and expenses			1,095	581
	Sundry expenses			7,140	5,690
	Professional fees			10,084	7,121
	Bank and credit charges			1,165	934
	Bad debts recovered			(1,981)	(2,131)
	Bad debts			702	471
				143,229	102,396
10	TANGIBLE FIXEDASSETS		Leasehold	Fixtures
			land and	fittings &
	Group and charitable	company	buildings	equipment	Total
			6	6	g
	Cost
	1April 2021		773,460	335,710	1,109,170
	Additions			2,692	2,692
	31March 2022		773,460	338,402	1,111,862
	Depreciation
	1April 2021		712,429	328,012	1,040,441
	Chargefor year		13,563	3,015	16,578
	31March 2022		725,992	331,027	1,057,019
	Net book amount
	31March 2022		47,468	7,375	54,843
	31March 2021		61,031	7,698	68,729
	Future capital commitments

A summary of	t	he re	sults ofthe	subsidiary is shown below:
						2022	2021
						6	6
Turnover						524,682	426,896
Cost ofsales						(450,309)	(411,375)
Gross profit						74,373	15,521
Administrative		expenses				(38,548)	(24,661)
Interest receivable
Other operating		income				9,209	52,067
						45,034	42,927
Gift aid to Willenhall			Community	Forum Limited		(45,034)	(42,927)
Retained in the		company
The aggregate	ofthe		assets, liabilities and funds was as follows:
Assets						118,780	91,514
Liabilities						(118,777)	(91,511)
Funds (representing			3 ordinary	shares off1 each (2021:3) and	a
profit and loss	account of ENil (2021;ENil)

31	March	202	2
							Group		Charitable	Company
							2022	2021	2022	2021
12	DEBTORS						6	6	6	6
	Trade debtors						14,528	19,942	8,851	7,471
	Amounts	due	from subsidiary			undertaking			13,629
	Other debtors							260		260
	Prepayments		and accrued		income		27,464	20,059	15,330	9,992
							41,992	40,261	37,810	17,723
13	CREDITORS
							Group		Charitable	Company
							2022	2021	2022	2021
							6	6	6	6
	Amounts	falling due within one year:
	Trade creditors						22,854	18,861	5,592	904
	Amounts	due	to subsidiary		undertaking					22,608
	Other taxation		and social security				6,283	4,907	6,283	4,907
	Other creditors						7,775	6,087	7,775	6,087
	Accruals	and deferred		income			97,920	97,976	10,034	24,422
							134,832	127,831	29,684	58,928
	Deferred	income
	Included	in accruals and deferred					income above is the following	deferred income:
										2022
										6
	Deferred	income brought			forward					73,828
	Recognised in		the year							84,250
	Released	in the year								(73,828)
	Deferred	income carried forward								84,250

STATEMENT OF FUNDS	STATEMENT OF FUNDS
				Balance				Balance
				31March	Incoming	Resources		31March
				2021	resources	expended	Transfers	2022
				E	6	6	6	E
General reserves				402,501	665,145	(622,379)	6,500	451,767
Restricted funds
Access to Volunteering		Fund		2,000			(2,000)
2 yr old Capacity Grant				35,309		(7,847)		27,462
Early Years Pupil Premium				7,873	9,402	(1,156)		16,119
Early Years Disability	Access			1,845	3,075	(254)		4,666
Pupil Premium PEP				100	100			200
High Needs Top Up				505	1,766	(875)		1,396
Sen Inclusion Funding					12,707	(12,707)
Whitefriars Housing	Community		Pride	4,500			(4,500)
Willenhall Food Hub				15,486	26,523	(29,175)		12,834
Vinci UK Foundation				491		(491)
Clarion Community	Investment			2,863	716	(3,579)
Coventry UK City of	Culture Trust				2,250	(2,250)
HAF Programme					3,146	(3,146)
Persimmon Homes Community			Champions		1,000	(300)		700
The Soil Association					150			150
1ob Retention Scheme Grant					14,220	(14,220)
Total restricted funds				70,972	75,055	(76,000)	(6,500)	63,527
Total funds				473,473	740,200	(698,379)		515,294

STATEMENT OF FUNDS (Continued)	STATEMENT OF FUNDS (Continued)	STATEMENT OF FUNDS (Continued)
			Balance				Balance
			31March	Incoming	Resources		31March
			2020	resources	expended	Transfers	2021
			6	E	6	E	6
Generalreserves			321,246	637,549	(557,728)	1,434	402,501
Restricted funds
Access to Volunteering	Fund		2,000				2,000
2 yr 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
Job Retention Scheme	Grant			35,965	(35,965)
Total restricted funds			52,316	94,855	(74,765)	(1,434)	70,972
Total funds			373,562	732,404	(632,493)		473,473

			Tangible	Net		Tangible	Net
			fixed	Current		fixed	Current
			assets	Assets	Total	assets	Assets	Total
			6	6	6	6	6	6
			2022	2022	2022	2021	2021	2021
Restricted	funds
Access to Volunteering		Fund					2,000	2,000
2 yr old capacity grant			27,462		27,462	35,309		35,309
Early Years	Pupil Premium			16,119	16,119		7,873	7,873
Early Years	Disability Access			4,666	4,666		1,845	1,8450
Pupil Premium PEP				200	200		100	100
High Needs	Top Up			1,396	1,396		505	505
Whitefriars	Housing
Community	Pride						4,500	4,500
Willenhall Food Hub				12,834	12,834		15,486	15,486
Vinci UK Foundation							491	491
Clarion Community
Investment							2,863	2,863
Persimmon	Community
Champions				700	700
The Soil Association				150	150
			27,462	36,065	63,527	35,309	35,663	70,972
Unrestricted	funds		27,381	424,386	451,767	33,420	369,081	402,501
			54,843	460,451	515,294	68,729	404,744	473,473