Charity registratlon number 1057458 {England and Wales) Company reglstratlon number 03125686 WILLENHALL COMMUNITY FORUM LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
WILLENHALL COMMUNITY FORUM LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trusteès R P Lakha OBE F Agboola F Onwa M S Dhadda Mrs l M Weir Mrs C E Thomas Secretsry Mrs C Linney Charlty numb•r (England and Wales) 1057458 Company number 03125686 Reglst•rnd offlce WEET Centre 239 Robln Hood Road Wlllenhall Coventry Untted Kingdorn CV3 3AN Independ•nt oxamlnor Azets 3Mc Middlemarch Business Park Siskin Drive Coventry Unlte(l Kingdom CV3 4FJ
WILLENHALL COMMUNITY FORUM LIMITED CONTENTS P•g Trustees, r8POrt Independenl exarnlnerfs report Statsment ol finaTrGlal acfjvlfjos Bakqnce sheel Notss to tha fln8ncl818tstements 8-18
WILLENHALL COMMUNITY FORUM LIMrrED TrUSTEES' REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees presgnt thelr 8nnual rep)rt and Ilnandal statements for tho yèar ended 31 March 2025. ObJ•dlv•s and ictlvlll•8 The charitable compan8 objects ara the rellef of the irtiabilants of Wllenhall and Willenhall Wo)d and the surrounding area by assocjatyig wlth the local authorities. voluntsry 0rpan1881iS and looal Inhabttants In a common effort to wothe. or 8881st In the provl8lon of. fadlltles for education and r8cre8tlon or other lel8ure-th.me cttupallon8 for the Inhabltsnts and In particuhr to provida and maSntatn an eduolK)n, trainlrKJ and 8ce cenlre. The poIleY Htknpted In order to further th8 Charltable obl1[¥eS are: To fulEy extend arKJ develop a of orportLJnltl88 8vollable lo locol peoplo at Ihe Ivlllenhall Educotkn. Employment and Training Centre. b) To develop and bulld on our growlng rèl8Wonshlp wlth mBrnbgr8 of the loeal communlty and prloHtlse th08e vtho aro mo8t1801gted. To further Ilnk8 ¥4rfth partnershlp agencte8 in order to targèt thoBe wtth the greato6t need. To lrnplement strategles lo develop and h8n thé servlco avlabl6 al our on4lt8 chlldGar8 FYovlsh)n. To onsure that our communlty centre dellver8 8 range of servic8 and actfvitieB whlth are 8ccoslbl8 to local To develop pllol actlvllles to 8ncour8go younger p8ople to become moT8 eng•gad In Ihe communlty In whth they Ilve. g) To crpate greater cpportunlty for the Involvetrnnl of local r6sldont8 in the 58rvkes and pn)Jocts that the Forum delSver. d) people. PubNc benelrt The trustee8 have pakl du8 regard lo guldanca 198uad by the Charlty C(xnmlsslon In decldln9 what acllvlilvs the charlly should undertake.
WILLENHALL COMMUNITY FORUM UMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achlevement• and p•rforni•n s1gnrfnÈ 8cUwll8s and ochiev&m8nts against obieGllves Thls yew was 8gaSn Bn 8XCaPtionally busy year as we rJ)nllNe to the communlty of Wlllenhall. Acro88 our Iwo nxln sltes we recorded over 61,OQO vl8lt8 from local p8cWe end those from further afield whlle we o)rrtlnu8 10 OP8rate a lean st8ff18am. Th8 btogest chanae w6 hav8 s88n was tho decSslon to dose our nursery prov181on at Ihe Discovery Hul. thg trSed costs and the dlfflculty In recrultm8nt me8nt It wes not longer vlabla to conunue. We successfully enswed that all chlldren at the provlslon werB acMdated et other r8e118S wlth the majorfty rnovlng down to our maln (r Educalon. 8mF4oymgnt and training cenlre continues to be wel usod. Wa h8v6 &8en a ¢onsldorabl• redudlon In booklng8 from the Clty Coundls Adult Educ8tSon Servic8. We have faced up to these tha118ng88 and manapd to Secu altomalivo booklngs from eduCatn01 altematlve provF$lon provlder8 as WEETC remains A busy centre. The Hagard Comfflunlty Spacè r•molns thé centr81 polnt ol provldlng 88rvlcas and advldo8 to the Ioc81 communlty %%tho retain 8 Sense of owner8hlp. We have regutw groups In partnership wlth providar8 Buth as the YMCA, Graptsvlne and h881th SèDAc8S that play 8 photal TO In provwjing lalsuve, leamlng 2nd IlfesWe actlvlll88. T bulldlng r8m8ln8 a challenglng 8pac8 to use 85 we contlnue to explore what the fvture look8 like 8nd to en&ur8 th8 communlly 8p8ca rnmaln8 Int8gral to the nelboUrhood for another 61 yeors. We conltnue to chalr the Wlllonhall Net P8rtner4hlp which bring8 Ihe 81atutory and voluntary tsacknr logother to Inforniatlon 8haro and cuordinato services 8cro88 the nalghbourtK)od and 8n8uro Itls on avenuè to be8t practlc6 and18Bmlng. Poverty and Dlsodvanlag• Food Provl•lon We have conUnu8d to op&rala our food hub throughout the ar openlng every 8lnglo W8dn88d8y. We condnue to see hlgh demand for this servlc from slngle person households Bnd In partlcular fomllle8 that ar• Impèctad by the cosl of Ilvlng and glv8 Out 88 many 88 100 food packagé8 par week. We ¢thu0 to lupport a range of actlAtles by gxtemal pro¥ld•rs to ensure that Ioc81 rnember8 of the coMMlty have acces8 to nutrfttoug food Includlng thè Saturday brnakfast and Urban Good108 CIC. Chlldv•n •nd Young p•opl• Eur•k• Nurs•ry Our Eureka nursery at WEETC has up to 70 chIren atteThJ eath and every day throughout temi Ilme. Eureka a150 fun8 very populBr 8chool hollday dubs for school ag8d thildren ensurtng 0 Safe pl8c8 to183rn and h8V8 lun *knlle ensurlng thelr parent8 ean contlnue to wotk. Eureka prldas i168ff on our work and 8UPPOrt lo chlldren wlth Sp8dal Educatlonal Needs ensuring they have the be81 support available to meet their need8. We contlnue to dellver a uèche iwo tlrn65 por week for th8 chlhlren of ESOL leamer5 in the provision. We COlInUe to play an actlv8 role In our communlty In JanIS1ng trlps and aCt[tle as part of the chlldrnn's d8valopm•nt. Saf• guardlng chlldr•n Safe guardlng thlldren Conllnues to be the hlghest prlorlty 8118t Eureka. and staff conllnue to recelve a ranqe of safeguwdlng course6 durtng Induction and part ol their (x>ntinuous professlonal development. We have a Saf8guarding 188d who develops our Safeguardlng Policies ond Procedures meeting industry best pradi(x and loads on all of our work th childien at risk. We (x)ntinue to ensure our staff ar& tralned In Bafeguarding chldren and keeplng up wilh best pracllse. Wo have 8180 focussed on Wtting in pla compr8hensive training plans for all staff.
WILLENHALL COMMUNITY FORUM LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Flnanclal revlew The finandal slalemonls show totsl Incorrn of £316,974, on increa88 d £25.174 cm 2024 and lotsl expendlbjro of £277,611, 0 rgducllon of £9,008 on 2024. ThiB has led to not Income of £39,363 for the year compared to n8t Inrme of£5.183 in 2024. Th8 reserves balances 08 at 318t March 2025 stoud at £22,823 for rostrlcled funds and £540,501 for unrestrlcted fund8. Rasew pdlcy It Is th8 pollcy of the ¢harlty that unrestrlcled fLMds whlch have not bBen d851gnated for a speclflc u$• should be In8ini8ined 8t a level equivalent to baeen three Six mth,5 expenditure, The trustses Gonsider that reseNe8 at thls level 11 enaure that, In the 8v8nt of 8 sbJnbficant drop in fundlng, they will be able to conlnue tho charlV8 curyent aGtlvitles whllo conslderallon 18 glvon lo way8 In vknlch addltkinal fvnds may be raiBad. Th58 lavel of reser9 has been malnlalned throughout the year. Slrueture, goV•Man and managemfjnt Thé charltable GDmpany waa Inc(wporot8d urer tho Companles Ad 1985 on 14 November 1995 u a compfiny Ilmlied by gu?runteg and not havtng a 8h&re capllal. 118 Govemlng InslNmgnt8 are Its Memorondum 8nd Artldes of A080dallon whlch empowers the tru&le68 to manage Ihe buslnesa ol the chatable company and, at Ihelr dllcretlon 8dmlt full or assoclate members. Only full members may vole In (%neral M8ellng. Th• company WBJ awarded charltsblo 8talu8 by the Charlty comm1s81 10 Augu611998. Th8 tnJ8tees, who ar8 8lso thg dlrector8 for the purpose of company law, and who sepnd dulng the year and up to the date ol $5gnalure of the fingndol st8tsments wgre: R P L8kha OBE F Agboola F Onwa M S Dhadda Mr8 l M Welr Mrs C E TPv)ma• Recwttment and appoinlment ollni81808 The DlreGtor¥ Bnd Trust985 are nomlnated on an annu81 b•sl8 from tha repres8nlativ8 organlyotlon81 base. Th1$ base Indude5 wrnmunlty and voluntary organlsallong provklng 8oThtes In Wlllenhall end Wlllenhall Wd that are allkg to the alm8 of the organlgatlon. Each organlBation nomln8lesl8lects a "voluntsrf represeNallve from thelr member8hlp or u88r gfoLP. Thi repre5entatlYe MBY change on Bn annual basiB, Nrynlnallon5 are presented to lh8 Annu81 G8n8ral Mèetiw and the tske8 plac8 from wllhin Ihe membership to accepvreject new member5. Orgenlsallong13tructure The org8nlgatlon has a main board made up of all Trusiees and 01ctI8, The chadtable comp8ny own9 Ihe who of tho equlty share eapital of a subsldlary tradlng ¢omp8ny, Willenhall Communty Fonjm (Tradlngl Llmlted, vthkh has a dlredorship that 15 expected to be modo up of 66¥• of dlreclorsnruslees from the rnaln boBrd 33% independenl mernbershlp. At 31 M8rc 2025 the tradlng company had one d1ctOr who was hdependent of the Fnain boord. Both boards meBI slmultaneously on a regular ba5 an(J reFQrtS are rnBde from the trading company to the main board and vlce versa. Joint deLasions and dls¢u8sions knke Pla Ond Are approved al a full board meoting. Senior staff employed by th8 organlsation produrA9 mcrtthly report5 to the maln board. Staff representatlvos attènd the main board mgetlng. Represenlalives from aptyoprlalg stskeholders are Invlted to attend meeting5 to obs8Ne. This grouplng comprises rnain rglevanl interested t*rti85.
WILLENHALL COMMUNITY FORUM LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Induotlon and tr8lnlng of tntslees New trugtees are briefed on their lagal obligations under tharity and conpany law, the content of the Memorandum 8nd Articles of AsxrAatKY4 the ¢(Thmittee aNJ dedsKJnrfnaking Fyocess, the buslne89 plan and recent fin8nclal perforrnance of th8 chaiitsble CUnPODy. During the knduction they meet key employees and olhar truste6s. Twstee8 are enc(xwd to attend approprtate tralnlro events where Ihese wlll facllitate the undertaklng of thelr rd8. Remunorallon pollcy The Dlrectors ccfflsidèr that th8 8oBrd of Dthtor& are the charfty's Truste88. and th& Centre Manager nprlse the key management personnel for the govemance. runnlng and operatlon of the charlty on a day to day basi8. All directors glve of their tlme freety and no 1clOr recelvad any reMtsnerat in the year. The pay of the aenlor staff18 T8vlewed annu8ty by the trustaes. Othermattern Volunlears Voluntserfno oFyortunllle8 for men4)ers of the Jocal ¢OTr4nunlty conllnue8 to be Important for us both In 8UPPOrtI th& work do and provldlng chance8 for lo1 people to Improve thelr sklll8. We hav8 Incmosad tho breadth of voluntearlng th18 year lo rW Indude roles to help malntakn and Improve our green 8pac08. Thos6 vtho voluntear at Commun14ea C¢tinUe to be the baboa of our dellvery at the Hagard. Rlsk JAonagement The Fonsm contlnu88 to lake rf8k man8gement •erfouily and a8oe6s96 the rl8k8 of new and pSlot 8eThlce8 and prol8cts whenevar th8y 8r8 planned. Leg81 rb8ks contlnue to be monllored to onsure that pr8vontlon ol rfsk 18 addreuod and pr0txula adequale whe thls Is requlrad. Th• organlsatlon takès a conllnuous Improvement approach to rfsk and US reguL¥ dsk a8se8sment to Improve the 8tste of the organlsallon, ha 8w¥kw, assets and stafflng. The tru8tse was approved by the Board of Tru8tee8. RPL kha Truste8 BE Datè:
WILLENHALL COMMUNITY FORUM LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WILLENHALL COMMUNITY FORUM LIMITED I r8POrt to th6 trustees on my examlnatlon of the flnand81 statements of Wlllertall Communlty FOrn Llmlied (the charfty) for the year ended 31 March 2025. Re8pon8lbllltl•s and bas18 of roport As the Irusteos of the charity {and also its directors for Ihe purposes of company law), yw are responslble for the preparallon of the finand818tslements in accordance vllh the requirements of the CunpanlesAct 2006. Havlng satisfied myself that th8 fln8ncAal ststement8 of the charity are not requlred to be audited under Part 16 of the Conwanlos Act 2006 and are ellglbb for Independent examination, I rep(t In rnsp8d of my examination of th8 charivs finanGI* statements carrf8d out under sectlon 145 of the Charft188 Act 2011. In Carrylng out my examFnall I have followed the Directions glven by the Charlty Comnasslon under sectlon 1445Xb) of the ChaTltle8Act 2011. Indepgndent •xamlnofs stat•m•nt Since the charlty's groGS Income exce8dpd £250.000, the Independent examlnor must be a member of a boty1181ed In 8gCtlon 145 of the Charflles Act 2011. 1 conllrm that l am quollfied to urKlertake the examinatk)n becau8e18m member of ICAEW. whlth18 one of the Ilstad bodles. I have complolod my examlnatlon. I confimi Ihal no mattèrs have come lo rny attenllon In &xnectlon wlth the examinatlon glvlno me cau8e to belleve that In 8ny materlal re8pect: accounting r8cord8 wgre not kept In respwa of the charfty a8 requlrod by 8ectlon 386 of Ihe Compani88 Act 2006. the finand81 statements do not ac¢(Yd wllh recèrd8; or the Ilnanclal statements do not comply wlth the accountSng requirements of 88Ctlon 396 of the Companles Act 2CN)6 other than pY requlrement that Ihe flnancl81 statements glv• 4 and faSr vlew, whlch ig not a m8tter conBidered a8 Part of an Independent ex8mln8tlon; or the flnandal staiem8n18 h8ve not been prepargd In accordance the mothod8 and prlnclp108 of th8 Slatemenl ol RecommèrKled Practlce for accounung 8nd repong by charflles 8pplScable to charFlles preparlng Ihelr financlal stst8menls In accordance wlth the Flnancial Reportlng Stan(lard applicable in the UK and Republlc of Ireland IFRS 102). I have no concerns and have cA)me 8cr058 no olher mottern In conneGthn with the examlnatlon to whlch 8ttentlon 8hould be drawn #i th18 report In order to enable a propor underst8ndlng ol the firnandal statsmenls io bè reached. Rob•rtAndw•on FCA Az•l$ Audit ServlrAS 3Mc Mlddlemarch Buslne8s Park Slskin Drive Coventy CV3 4FJ
WILLENHALL COMMUNITY FORUM LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted R8strl¢led funds funds 2025 2025 Total Unr•strlGted R•strlct•d fund8 funds 2024 2024 Total 2026 2024 Nots• Incom• and endovnnonts from: Ch)nation$ legacres Charllabl? actlvllle8 Oiher trading xtiviti88 Inve8lment5 Other Incomè 69,692 180,997 936 13.423 9.498 35,774 105,46e 180,997 7,590 13,423 9,498 52,775 166,442 434 12,147 9,097 45.121 97,898 186.442 6,21B 12,147 9.097 6.654 5.784 Tot41 Income 274.548 42.428 316.974 240,895 50.905 291,800 Exp•ndtturn 4>n: Ralslng fu18 Chantablo aclMIIv8 201 232,267 201 286,418 227,245 50,3e6 277,611 54,149 Totsl •xpMdlture 227.245 50.366 277,611 232,468 54,149 286,817 Not Incom(0xp0TrdItuyQ) and mov•m•nt In fvndl 47.301 (7,938) 39,383 8,427 {3.244> 5.183 R•condllallon of lund•: Fund b8lanc86 at 1 Aprll 2024 493,200 30,781 523,981 484,773 34.005 618.778 Fund b•l•n¢o8 at 31 M•rch 2026 640,601 22.823 583.324 493,200 30,781 5Yd,981 The 5talement of tlnrrtlal aclfvlllgs *ude5 all galn8 8nd108888 racogn188d In th8 year. All Irwme and OXFendliuro dedve from contlnulng ac111168.
WILLENHALL COMMUNrrY FORUM LIMITED BALANCE SHEET ASAT 31 MARCH 2025 2025 2024 Nots• Flxed a8••t• Tan9ible awts Invesfments 15 18 23,075 42.085 23,078 Current a•••ts 0obLoTts Ca8h at b•nk and In hand 42,088 17 42,158 636.987 30,077 548.651 679.143 578,728 Cr•dtor•: •mounts falllng du• wlthln on• y••r 18 {138,897) (98,855) N•t eurront awt• 540,246 481,873 Totsl ai••ts1gu cuTh•nt l•blllU 563,324 523,981 Th• fund• olth• Gharlty Restricted Incorne fund8 Unrestrkled fund8 20 21 22,823 540.501 30,761 493,200 563,324 623,981 The company 18 aned to thè exemption from tho a111 requlramont contained In sectlon 4TT ol the Companles Act 2006, for th y••r endod 31 March 2025. Tho directorn acknvIe¢ge th8lr reBpon8lbllltles for comptying *lth the rewirnm8nts of tho Cornpartes Act 2006 vAth respect to accountlng rOrdS and Ihs PTeparnllon of Ilnandal statement$. Tho memhr8 have nol requlred the company to obtdn an audlt of Its llnanclal statomants krthe yeAr In (w8llon In ccord8nca wlth $8Ctbn 476. Th888 ffimnclal 8tatement8 have been prep8red In attorthc• Klth the provbion8 appllcsble to companles subloca ta Ihe small compan108 reglmo. Th8 financlal st were apprmd by the truste8B cm ...•aaii.il.•RoAs RPLakh Tru•t OBE CenY reglstrallon number 03125686 {England and Wal8sl
WILLENHALL COMMUNITY FORUM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charfty Informatlon Willenhall Community Forum Limited is a private company limited by guarantee incorporated in Engld and Wales. The reglstered office Is WEET Centre. 239 Robin Hood Road, Willenhall, Coventry. CV3 3AN, United Klngdom. 1.1 Accountlng conventlon The financial statements have been prepared In accordance wlth the charlty's governlng document, the Companies Act 2006, FRS 102 'The Financial Reporting Stsndard applicable in the UK and R8public of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). The charity is a Public Benefit Entity as defined by FRS 102. Th& charity has taken advantage of th6 provlslons In the SORP for charltles not to prepare a statanent of cash flovts. The financlal statements are prepared In stertlng. whlch Is the functional currency of the charity. Monetary amounts In these flnanclal st8t8mants are rounded to the nearest £. The financial statements have been prepared under the histori1 cost convention, [modified to include the revaluation of freehold properties 8nd to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are Set out below. 1.2 Golng conc•m At the tlme of approving the financial statements. the trustees have a reasonable expectatlon that the charity has adequate resources to conllnue In operational existence for the foreseeable future. Thus the trLKgtees contlnu8 to adopt th8 golng concern basls of accountlng In preparlng the flnanclal statements. 1.3 Charftablo funds Unrestricted funds are avallable for use at the dlscretlon of the trustees In furtherance of thelr charltable 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 set 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 Charity. 1.4 Income Income is recognlsed when the charity is legally entilled to it after any perfomance conditions have been rnet. the amounts can be measured reliably. and it is probable that income will be received, Cash donations arp recognised on receipt. Other donations are recognised once the charily has been nOtifd of the donation. unless performance conditions require deferral of the amount. Income tax recoverable in relation to donatlDns received under Gfft Aid or deeds of covenant is re¢ognised 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.
WILLENHALL COMMUNITY FORUM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policles {Continued} 1.5 ExPendIre Expendilure is recognSsed once there Is a legal or constructive obllgatlon to transfer economic benefit to a thlrd party, It is probable that a transfer of economic benefits will be required.in settlement, and the amount of the oblKJation can be measured reliably. Expenditure Is classlfied by activity. The costs of each activity are made up of the total of dIrt costs and shared costs, Including support costs involved In undertaking each activity. Dlrect costs attributable to a single actlvlty are allocated directly lo that activlty. Shared costs which contrlbute to more than on8 actlvity and support costs which are not attrlbutable to a single activty are aF)POrtion8d b8tween those activities on a basls consistent with the use of r8sourc8s. Central staff cA)sts are allocated on th8 basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tanglble flx•d assets Tangible fixed assets are Inltlally measured at cost and subsequently measured at cost or valuation, net of depreclatlon and any lrnpairment losses. Depreci8tlon18 recognised so as to write off the cost or valuation of assets less th81r residual values over their useful lives on the following bases- Leasehold land and buildings Flxtures and fittlngs Enter dePCIatIon rate via StatDB - cd75 Enter depreclation rate vla StatDB - cd77 The galn or loss arising on the disposal of an asset is d8l8rmined as th8 dlffer8nc8 beeen Ihe sale proceeds and the carrying value of th8 a8S8t, and Is recognised in the statement of financial 8Ctivities. 1.7 Flxed a8sel Investrnonts Fixed asset Investments are Inltlally measured at transactlon prlca excludlng transaclion costs, and are subsequently measured at fair value at each reportlng date. Changes in falr value are recognlsed in net Incomel(expendlture) for tha year. Transactlon costs ar8 expens8d as Incurred. A subsidiary is an entlty controlled by the charity. Control Is the power to govern the financlal and operating policies of the entlty so as to obtain benefits from rts actlvltles. 1.8 Impalrment of flxed assets At each reportlng end date, th8 ch8rfty reviews the carrying amounts of its tanglble assets to d8t8milne whether th8r8 Is any Indication that those assets hav& suffered an impaltment loss. If any such indication exlsts, the recoverable amount of the asset Is 8Stlmat8d In order to determlne the extent of the impairment loss (If any). 1.9 Cash and Cash èqufvalents Cash and cash equivalents indude cash In hand. deposits held at call with banks, other short-term liquid investments wilh original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
WILLENHALL COMMUNrrY FORUM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcl•s (Contlnuedl 1.10 Fln•ncl81 Intrum•nts The charity has elected lo apply th8 FYovision$ of Section 11 'Baslc Flroncial Instruments, and s8¢t1 12 'Other Flnandal Instrumgntslgsues, of FRS 102 to al of 118 financl81 Inslrnments. Flnanclal Inslnjments are re¢(nised kn iha chaty'S balance sheet wh8n the charity bewmes party to the conlroctud provlsions of th8 InstrumenL Fln8n¢lal as8ets and liabilllles are offset, wlih thè not am013 pSent8d In th8 financlal 8lalamèrrtS. ¥4then there is a 9alty eA)forceabl8 rlght to set off the recognised arnounts and there is 8n intention Io s8tt18 on a net b0818 or io reallse Ihe a88et and 9otUe tho Ilablllty Blmultan80usty. 8ask Ilnancl•l assets Ballc fjnanclal asse1& whl¢h thdud• dabtorn and cash and bank bglancas, are lnltl8lly m808urod at transaction prlco indudlng tr8nsACtlon co8t8 and are subBequontly cathed at arnortl8ed c08t U8inp the effectiv8 Inter88t method unl883 the 8rr8ngernenl (x)nstitutes a financing transactlon, bthere th8 tfansactlon 18 m8asured 4t the present value of tha futurn rec8lpls dlscounled ot a mket rats of Interost. Flnanclal assets d889med ag recofvable wlthln on? year are not 8morllsed. •slc fln•ncl•l MablUIl•$ B851c Ilnanclal lIaltI88, Includlng ty8dltor8 8nd bank loan8 are Inlllalty rocognlBed 9t tran$actkJn prlc8 unl883 the arrangement cKmsUlu188 8 fln8ndng transaction. vthere the debl inslnMnenl18 MeaSd at the present value of the lulure payntS doscounted al a marf(al rnte of Interest. Flngncl81 Ilablllllas dasslffed as payable In one yew aro not amortlsed. Debt In4trufflents are 8ub68quenlly Garrf8d at amcrfttS8d cost, uslng the efflctlve Internst rJt? nthod. Trado credlt(X8 arn oblgallons to pay for goods or 8eTvlce$ tst have bean acqulred In the ordlnwy ¢our8e of operatlons from Supar$. Amounts pay8ble are ClasrIed a8 currenl Ilablltles If paymenl Is dua wlthh one year or less. If not, they 8T8 presented a6 rn-current IlabllltSe8. Trade credbtors are rnciyJnl8ed Inldglly at tranctIon prh and subsequenlly m8asured at aMlIsed cost uslng th6 effethe Int8rnst mèthod. Derecoqnttl•X of fln•n¢lal Uabllld•5 Flnandal Il)IUtles are eregnISed then the ch*ltyls contr•(#ual obllgalon8 explr8 or are dlgcharged or ¢gncelled. 1.11 Employ•e nefits Th8 rAlSt of any unu3ed hollday enliuement is recogn15ed In the perfod In wlNch the employee's servlc85 are re&rylved. Termjnatlon beneffts are r8cognlsed immediatety as an expen88 when tho tharlty Is demonstrably commltted to temknate the employment of an 8mpkiye8 or to provlde tennlnalon ban8fft8. Crfllcal accountlng ••tlmat•• •nd Judg•m•nls In Ihe applItaOn of the charlty's accounllng pollclès, the trustee5 are requlred to make judgements. estimates and essumptlons about the Cing amwnl of 8Sgets liabllltl85 that arn not readily apparent from other sources. The estirnates and associated assumpkns are bosed on hlstorlc81 experlence and other fad(n th8t are considered to b8 relevanL Acbjal re8uIts may dlffer from these esllmalas. The estlmates and und8rlylng a$$umpllons are T8eWed on an ongoing b88i8. Rev18k5 to BnuntInG 8sllmates are r8cognised In the ped In whith the estimate Is revised where the revision affeds thly thBt period, or in the period of the revision and futum perlods where the revlslon affectx both current and future period8. 10-
WILLENHALL COMMUNITY FORUM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Incom• donallonB and109ocl•¥ Unr•6lrlct•d R••trlct•d fiind• lunds 2025 Total Unr•8trlet•d RtACt¢d lund• lund• 2024 Total 2025 2024 Donatlon8 and glfts Gr8nt8 69,692 69,692 36.774 52,775 53.775 44,121 35,774 44,121 69,692 36,774 1 D5,466 52,775 45,121 97,896 In¢om• from oharftabl• actlvltl UnroBtrlct•d Unrn•trlct•d funds nd8 2025 2024 Ch•rfty Chwllablg rental Income Olher Income 168,183 12.814 153,116 13,326 180,997 18Q442 In¢omo Trom olh•r tradlny xtlvm UnT••trlctod RMtrlctod ld6 funds 2025 2025 Totol Unr•8trlct•d R••lrfctod fundj fund• 2024 2024 To 2025 2024 Fundralslng events 936 8,654 7,59Q 5,784 6,218 lTrcom• from Inv••lm•i Unr•strfct•d Unr•*trlcl•d funds fund• 21)25 2024 Interest recelvablo 13.423 12.147 11
WILLENHALL COMMUNITY FORUM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Othw Incom• UnM8trfct•d Unr68tri¢t•d funds fund• 2025 2024 Othw Income 9,498 9.097 Other Income indudes £1.460 from Insurance d8lm$. £1.838 from Tlckets & Event8, £1,200 frorn Clothe8 bln ranL and £5.(MX) from tho EMploAllowanca. Exp•ndl¢ur• on r41•lng fund• UnrnBtrlcted Unroatrfthd nd• lund• 2025 2024 llundrn1n9 •nd publldty otherfijndralslng co8t8 201 Exp•ndltur• on charltabl• athtl 2025 2024 Dlr•et co•l• SIAff costs D8predalon ld Impalnnant 158.765 19,009 154,817 19,259 177.774 173.876 Sh*r• of •upwt and gov•rn•nc• (•M not• 10 Supwl 98,447 109,080 3.480 277.611 286.416 Analy8ls by lund Unr86tr1cted fvnds ReBtrlcted fur9 227,245 50.366 232,267 54,149 271,611 286,416 12-
WILLENHALL COMMUNITY FORUM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 8upport co¥t• 10(41•d to actlvlth• 2025 Rent & rat8$ Insurance Ga8 & 818ctridly Office 8xp8n88 Malntenance Medlcol & ci8anlng Food & refreshmont exp6n8es Pfe551[}nel costB Event & P8¢t expendllure Advertlslng, s?curlty & mlsc Govemance costs 7.417 6,322 29,915 2,912 5,698 6,683 41,272 2,736 i i 22,208 4,451 4.773 4,153 10,727 3,569 3.390 11.092 3.096 8,178 5,794 18,944 5.565 3,480 99,B37 112.540 AMty•od b•tw••n: 99.837 112.540 2025 2024 G¢)v•rnanc• co81• ¢omprfs•: Audlt fo 3,390 3,480 3.390 3.480 11 N•t mov•mont In fund8 2026 2024 Tho not nveMent In fund818 8t8t8d after cknargknllllcftJdKlng): F88B payakle for the Independant oxomlnollon of lh• chorfiys ilnandal 8tatemwiB Daprgdallon rf omed tangible fix8d 888e18 3.390 19,009 19,259 12 Trusl•e8 None of th8 trust8eB lor 8ny persons connected wth them) recaived any r8munw8tlc) or b8ffl$ from the ch* durbvJ the year. 13 Empltsye8• The averagè monthty number of emKloye85 durfng the r was: 2025 Number 2024 Numb•r 15 12 13-
WILLENHALL COMMUNITY FORUM LIMrrED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Employee (Conlknuod) Employrn•nl ¢o•ts 2025 2fr24 Wag8E ar sal186 158,765 154.617 Thern ware no oryloyo88 w4180 8nnuo1 romunerallon wa8 morn ttrAn £60.(m. R•mun•rntlon of key m•nag•m•nt p•v•Mn•l Th• r8mLm8f8tlon of koy managemerrt p8raonn81 was aj ft>llowB: 202S 2024 Aggr8g8t8 comp8n88tl 42.816 35.062 14 T•x•Uon The chorfty Is exern from taxatlon on Its acllvhle8 b8cau8e all Sts Incom8 l& applled far (arltable purpo8e8. 1S Tanglble fixad a••ets L•a••hold FlxtsY•• •nd dund bulldlAg• Al 1 Aprfl 2024 TT3,460 114,642 888,102 At 31 March 2025 T13.460 114.642 888,102 Deprecl•tlon •nd Imp•lrm•nt At 1 Aprll 2024 DOlatIon th8ryed In the ar 753,120 13,563 92,898 6.446 846,018 19.009 At 31 Marth 2025 766,683 98.344 865.027 Carrylng amount At 31 Marth 2025 16,298 23,075 At 31 Mafi* 2024 20.341 21,744 42.085 14-
WILLENHALL COMMUNrrY FORUM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Flxed 88Bot Inalments IDvMlmonts Cost or valuauon At 1 PO12024 & 31 Marth 2025 Carrylng amount Al 31 March 2025 At 31 March 2024 2025 other Investrnent• comprF8e.' Investrngnts In subsldlarfe8 17 D•btor• 2025 2024 Amounts f•lllng duo wlthln on• y•ar. Trade dbt9 Prepayments 8nd Accrued income 16,606 13,471 14,212 42,156 30.077 18 Cr•dltor•: •mount• fAlllng du• YAthln on• y•ar 2026 2024 (Xher lexatlon and ar101 8ecurlty Govemmgnt grants Trado uadl Any)unts owed to Bub61dlary undertaklngs Other GTedltor8 Actxugls and dofarred Income 8,469 7.379 6.384 101,502 7254 7,909 3.987 2.068 9.284 65,600 7,355 8.581 138,897 96,855 19 Oov•rnmgnt grants Deferred kncome 18 included In the finondal Statents as lolows: 2025 2024 Deferrad Income18 Included wlthSn.' Currgnt liabililiFs 7,379 2,068 Movempnlg in th¥ yF8r. 15-
WILLENHALL COMMUNITY FORUM UMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Gov•rnm•nt gran18 (Conllnu•d) Deferred Incom8 at 1 Aprfl 2024 Re$ource6 defeThed In the year 2.068 5,311 2.088 Deferrad Incomè at 31 Marth 2025 2,068 Deferred Income malnly relatss to (hylco opac8 rent & Llbrary rént. 20 R••trf¢t•d fund• Tho re8lrlctod fundts of tho d*rKy c(xryxlse Ihe unexperthd baknces of donallong and grants held on tru8t iubjed to 8pocllk oytdltloDS by 88 to how th8y may bo umd. At 1 Afjrll Ineomlng R••ources At 31 M•rch 2024 rnsourc•• •¥p•nd•d 2 yr CBp3clty grant WlllÉnh811 Food Hub Coventry Clty Coundl Rov•ry & Support Cltlzons Li¥cal fwKI Thlnk Acllve CSW Women & Glrl• Grant Coventry Genoral Charttle8 11,789 16,123 321 (7,846) (32,7951 3,gTJ 18.156 321 36,828 1,800 (1,8001 {3,1251 (4,8001 3,548 423 30,761 42,428 (50,366) 22,823 Pr•vlou• y•ar. At l Aprll Incomlng R••our¢M At 31 •our¢M •xp•nded 2 yr Capadty nt Wlllenho11 FOC Hub Covoi)ty City CncjI R8cov8ry & Support HAF Proor8mme Thnk Aetlv6 CSW Togethar ThlnkActive CSW Women & Glrf8 Grant Coventy General chare8 19,618 11,748 (7,847) {39,128) {320) 12.533) {2,000) {4D1) (1.920) 11,769 15,123 321 42,503 2,533 2.fXID 3.949 1.920 3.648 34.005 50.905 (54.149) 30,761 16.
WILLENHALL COMMUNITY FORUM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 IAARCH 2025 20 Rg•trIGted fund• (Contknued) 2 yr old Capacity Gront F4JniAng rKeived from Coventy Clly Covndl for capltal costs at both Ghlldcare selllngs fc an i1rease in the number of tIr okl chlldren arKI Prijmdon ol Ihe e8rty leaming for hvwar olds, funding to ellgitrAe famllles. Wlll•nhall Food Hub Supporting people from Wlllenh811 and Blnlgy in financlal hBrdshlp and lood px)V8rty. Fundlng ha5 been recelved from Feeding Coveniry. Co¥8nty Cliy Coundl Hou88hold Support Fund and Te8co Communlty Grant. Cov•ntry Clty Councll RKov•ry & 8upport Grant recglv8d from tha CommunSty Support and R0Very Grant Sth8me on behalf of the BTh¥llng and Tolklng group ba8od In the Hagard ComMlty Spaco. citSz•n Local Fund A grant roceivod for the funding of a serle8 of erynmunty •¥énla at tho Hagard Communlty Space. HAF Programm• Grant hjndlng through Ccwenty Clty Councbl to dellv8r Ihg DFE'S Hollday Aclmlles and Food Pmaramme In Coventy for chlldron In rpcelpt of bonefit8-relatsd frea school m881B. Thlnk Actlv• CSW Togethor Fund and Thlnk Actlv• CSW Womon & Glrt$ Gr•nt Granis recalvad for communlty yo9a clo5SeB at the Hag8rd Comrwnlty Space. ContrY General CharlU•4 A grant re1Ved for tha repalr of the boller In the H8gard Communty space. 21 Unr••trl¢t•d fund The unrestrlcted funds of the th8rfty comprfs8 ts unexpended balan5 ol donailon8 and grants whlth are not subject to speiifjc condltlons by donors grantors as to how Ihey may be used. These include deslgnated funds whlch h8ve been Sel a8ide out ol unrestrtcted fijnds by th8 Irusiees for 8pecfflc purpos•J. At 1 Apvll 2024 Incomlng Re•ourcM AI 31 March rnsource •xp•nd•d 2025 Generftl funds 493,200 274,548 (227,2451 540.501 Pr•vlous ygar: Al 1 Aprll 2023 Incomlng Rosovrce8 At 31 March sources expended 2024 General funds 484.773 240,895 1232,468) 493.2LIO 17-
WILLENHALL COMMUNITY FORUM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Anaty818 of n•t 888èts t••n fvnd• UnM•trlet•d Re•trlet•d fund• nd¥ 2025 Total 21)25 At 31 March 2025: Tanglble 8$getg Investrnents Currenl 8ssetsl(Ilabllltl6s) 19.152 3.923 23.075 521,346 18,900 540,246 540.501 22.823 563.324 Unmtrl¢t•d RMtrlct•d lund8 funds 2024 2024 Total 2024 At 31 March 2024: Tanglble 868ets Invoslments Current a888t81(Ilabllllle•) 30,318 11,789 42,085 462,881 18,992 481,873 493.200 30.781 523.981 23 Related pwty tranuctlon• Thero wern no dlBc108ablo related paty tranwyonfj durlng the year (2024 . none). 24 8ub•ldlarl•8 Th88e finarKl818tatemoni6 arn 68pate charity finaniial Statemtty for V¥lll•nh811 Communlty Fomium Llmited. Detslls of thé thadty's subsldlarf68 at 31 March 2025 8r8 as ftAI¢M: Nam• of und•rtaldng R•gl•t•r•d N•lur• of b1n••• % H•ld •harns held Dlrect Indlmct W1118nh41 Ccnmunlty Forum England and (Trsdlng) Um Wales Nursery care Ordlnary 100.IJ) 18-