2023-03-31-accounts - Willenhall Community Forum Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Trustees' Annual Report		1-8
Report of the Independent	Examiner	9
Statement of Financial Activities		10
Balance Sheet		11-12
Statement of Cashflows		13
Notes to the Financial Statements		14-26

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			Funds	Funds	2023	Funds	funds	2022
		Note	6	6	6		6	6
				(Note 14)			(Note 14)
Incoming resources
Activities for generating		funds
Trading income (incl. trading subsidiary income)			689,550	34,550	724,100	647,399	36,260	683,659
Investment income		6	4,323		4,323	189		189
Incoming resources from
charitable activities
Grants receivable				36,424	36,424	12,000	35,145	47,145
Other income			8,778	4,863	13,641	5,557	3.650	9.207
Total incoming resources			702,651	75,837	778,488	655,145	75,055	740,200
Resources expended
Cost ofgenerating funds
Costs ofgenerating voluntary income			5,099		5,099	3,955		3,955
Trading costs (incl. trading expenditure)		subsidiary	488,849	42,991	531,840	464,655	24,202	488,857
Charitable activities			168,251	48,430	216,681	133,424	51,798	185,222
Governance costs			21,384		21,834	20,345		20,345
Total resources expended		9	683,583	91,421	775,004	622,379	76,000	698,379
Net incoming/(outgoing)
resources being net			19,068	(15,584)	3,484	42,766	(945)	41,821
movement offunds
Transfers between funds			(2)	2	-	6,500	(6,500)
Fund balances brought at 1April	forward		451,767	63,527	515,294	402,501	70,972	473,473
Fund balances carried forward at 31March			470,833	47,945	518,778	451,767	63,527	515,294

						Charitable	Company
				2023	2022	2023	2022
			Note	6	f	f	f
Fixed assets
Tangible fixed assets			10	37,930	54,843	37,930	54,843
Investments			11			3	3
				37,930	54,843	37,933	54,846
Current assets
Debtors			12	44,917	41,992	23,258	37,810
Cash at bank				562,509	553,291	523,737	452,322
				607,426	595,283	546,995	490,132
Creditors: amounts		falling due
within one year			13	(126,578)	(134,832)	(66,150)	(29,684)
Net current	assets			480,848	460,451	480,845	460,448
Net assets				518,778	515,294	518,778	515,294
Funds
Unrestricted	funds
—General fund			14	470,833	451,767	470,833	451,767
Restricted funds			14	47,945	63,527	47,945	63,527
			14	518,778	515,294	518,778	515,294

			2023	2022
			E
Cashflowe from Operating	Activities
Operating Profit for the year			3,484	41,821
Adlustments for:
Depreciation charged in year			16,913	16,578
(Increase) in Debtors			(2,925)	(1,731)
(Decrease) / Increase in Creditors			(8,254)	7,001
Interest Received			(4,323)	(189)
Net Cash from Operating	Activities		4,895	63,480
Cashflows from Investing	Activities
Purchase of Fixed Assets during the year				(2,692)
Net Cash from Investing Activities				(2,692)
Cashflows from Financing	Activities
Interest Received			4,323	189
Net Cash from Financing Activities			4,323	189
Net Increase/(Decrease)	in Cash and Cash Equivalents		9,218	60,977
Cash and Cash Equivalents	at beginning	ofyear	553,291	492,314
Cash and Cash Equivalents	at end ofyear		562,509	553,291

						2023	2022
						E	E
Gross incoming resources						246,648	251,343
Fundraising costs of	grants		and	donations		(5,099)	(3,955)
Charitable activities						(216,681)	(185,222)
Governance costs						(21,384)	(20,345)
Net incoming/(outgoing)		resources				3,484	41,821
Total funds brought	forward					515,294	473,473
Total funds carried forward						518,778	515,294
Represented by:
Restricted income funds						47,945	63,527
Linrestricted income	funds					470,833	451,767
NET INCOMING/(OUTGOING)			RESOURCES
						2023	2022
						E	E
Net incoming/(outgoing)		resources			isstated after charging:
Auditor/Independent	examiner's			remuneration
-audit/independent	exam					2,972	2,532
Operating leases
—rent payable						4,600	4,600
- plant and machinery						3,005	3,005
Depreciation oftangible		fixed assets
—owned assets						16,913	16,578

		Unrestricted	Restricted	Total 2023	Unrestricted	Restricted	Total 2022
		2023	2023		2022	2022
Interest	Received	4,323		4,323	189		189

		Unrestricted	Restricted	Total 2023	Unrestricted	Restricted	Total 20ZZ
		2023	2023		2022	2022
Donations		630	4,863	5,493	599	3,650	4,249
Tickets &	Events	3,148		3,148	958		958
Employers	Allowance	5,000		5,000	4,000		4,000
		8,778	4,863	13,641	5,557	3,650	9,207

			Staff		Grants	Support	Total	Total
			Costs	Depreciation	Payable	Costs	2023	2022
					E	E	E	E
Costs ofgenerating	funds
(Unrestricted)
Cost ofgenerating	voluntary	income	4,863			236	5,099	3,955
Trading costs			422,499			66,350	488,849	464,655
Charitable expenditure			116,299	9,067		42,885	168,251	133,424
Governance			17,800			3,584	21,384	20,345
			561,461	9,067		113,055	683,583	622,379
			Staff		Grants	Support	Total	Total
			Costs	Depreciation	Payable	Costs	2023	2022
					E	E	E	6
Costs ofgenerating	funds
(Restricted)
Cost ofgenerating	voluntary	income
Trading costs			36,838			6,153	42,991	24,202
Charitable expenditure			5,291	7,846	1,725	33,568	48,430	51,798
Governance
			42,129	7,846	1,725	39,721	91,421	76,000
						2023	2022
Staff costs:						6	6
Wages and salaries					558,197		501,271
Social security costs					36,495		29,127
Pension costs						8,897	7,874
					603,589		538,272
					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)
				2023	2022
				E	E
Support costs include:
Rent and room hire				19,836	19,010
General and water rates				5,165	2,922
Light and heat				33,186	20,178
Insurance				9,382	7,922
Office expenses				10,115	15,068
Advertising				360	360
Repairs and renewals				12,553	20,047
Medical supplies	and cleaning			7,608	6,324
General supplies				20,164	16,825
Training				744	4,025
Nursery resources	and	activity		9,831	7,612
Events and projects				7,066	4,731
Travel and expenses				1,033	1,095
Sundry expenses				4,760	7,140
Professional fees				10,642	10,084
Bank and credit charges				1,187	1,165
Bad debts recovered				(1,205)	(1,981)
Bad debts				349	702
				152,776	143,229
TANGIBLE FIXEDASSETS			l.easehold	Fixtures
			land and	fittings &
Group and charitable		company	buildings	equipment	Total
			E	E	6
Cost
1April 2022			773,460	338,402	1,111,862
Additions
Disposals				(247,174)	(247,174)
31March 2023			773,460	91,228	864,688
Depreciation
1April 2022			725,992	331,027	1,057,019
Charge for year			13,563	3,350	16,913
Eliminated on disposal				(247,174)	(247,174)
31March 2022			739,555	87,203	826,758
Net book amount
31March 2023			33,905	4,025	37,930
31Iviarch 2022			47,468	7,375	54,843

A summary ofthe re	sults ofthe	subsidiary is shown below;
				2023	2022
				6	6
Turnover				576,041	524,682
Cost ofsales				(498,170)	(450,309)
Gross profit				77,871	74,373
Administrative expenses				(38,671)	(38,548)
Interest receivable
Other operating income				4,500	9,209
				48,700	45,034
Gift aid to Willenhall	Community	Forum Limited		(48,700)	(45,034)
Retained in the company
The aggregate ofthe	assets, liabilities and funds was as follows:
Assets				96,272	118,780
Liabilities				(96,269)	(118,777)
Funds (representing 3 ordinary shares of El each (2022: 3) and profit and loss account ofENil (2022:fNil)			a

							Group	Group		Charitable	Company
							2023	2022		2023	2022
12	DEBTORS						E	E		E	E
	Trade debtors						23,198	14,528		15,198	8,851
	Amounts	due from subsidiary			undertaking						13,629
	Other debtors
	Prepayments and accrued			income			21,719	27,464		8,060	15,330
							44,917	41,992		23,258	37,810
13	CREDITORS
							Group			Charitable	Company
							2023	2022		2023	2022
							E	E		E	E
	Amounts	falling due within one year:
	Trade creditors						17,002	22,854		3,041	5,592
	Amounts	due to subsidiary		undertaking						35,841
	Other taxation and social security						7,022	6,283		7,022	6,283
	Other creditors						7,984	7,775		7,984	7,775
	Accruals	and deferred	income				94,570	97,920		12,262	10,034
							126,578	134,832		66,150	29,684
	Deferred	income
	Included	in accruals and deferred				income above	is the following	deferred	income:
											2023
											E
	Deferred	income brought		forward							84,250
	Recognised in the year										75,997
	Released	in the year									(84,250)
	Deferred	income carried forward									75,997

STATEMENT OF FUNDS
			Balance				Balance
			31March	Incoming	Resources		31March
			2022	resources	expended	Transfers	2023
			E	E	E	f	f
General reserves			451,767	702,651	(683,583)	(2)	470,833
Restricted funds
2 yr old Capacity Grant			27,462		(7,846)		19,616
Early Years Pupil Premium			16,119	12,340	(16,119)		12,340
Early Years Disability Access			4,666	1,600	(4,666)		1,600
Pupil Premium PEP			200		(200)
High Needs Top Up			1,396		(1,396)
Sen Inclusion Funding				16,110	(16,110)
Willenhall Food Hub			12,834	25,562	(26,648)		11,748
National Lottery				10,000	(10,000)
Coventry City Council Recovery Ik Support				3,225	(2,584)		641
Coventry UK City ofCulture	Trust			500	(500)
Think Active CSW Together	Fund			2,000			2,000
Persimmon Homes Community		Champions	700		(700)
The Soil Association			150		(152)
Education and Skills funding				4,500	(4,500)
Total restricted funds			63,527	75,837	(91,421)	2	47,945
Totalfunds			515,294	778,488	(775,004)		518,778

STATEMENT OF FUNDS (Continued)	STATEMENT OF FUNDS (Continued)	STATEMENT OF FUNDS (Continued)	STATEMENT OF FUNDS (Continued)
				Balance				Balance
				31March	Incoming	Resources		31March
				2021	resources	expended	Transfers	2022
				E	E	E	E	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)
Will enhall 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)
Persimmon Homes Community			Champions		1,000	(300)		700
HAF Programme					3,146	(3,146)
The Soil Assooation					150			150
Job 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

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
	2023	2023	2023	2022	2022	2022
Restricted funds
2 yr old capacity grant	19,616		19,616	27,462		27,462
Early Years Pupil Premium		12,340	12,340		16,119	16,119
Early Years Disability Access		1,600	1,600		4,666	4,666
Pupil Premium PEP					200	200
High Needs Top Up					1,396	1,396
Willenhall Food Hub		11,748	11,748		12,834	12,834
Coventry City Council
Recovery &.Support		641	641
Think Active CSW Together
Fund		2,000	2,000
Persimmon Community
Champions					700	700
The Soil Association					150	150
	19,616	28,329	47,945	27,462	36,065	63,527
Unrestricted funds	18,314	452,519	470,833	27,381	424,386	451,767
	37,930	480,848	518,778	54,843	460,451	515,294

	2023	2022
	E	E
Within one year	7,184	7,605
Between two and five years	7,890	15,074
After more than five years
	15,074	22,679