2021-03-31-accounts - One Walsall Ltd

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onens				Page
Reference and administrative	details
Report ofthe trustees
Independent Examiner's report	on the	financial	statements	12
Statement of financial activities
incorporating income &expenditure		account		13
Balance sheet				14
Cash flow statement				15
Notes forming part ofthe financial statements,			incorporating:
Statement ofaccounting policies				16
Other notes to the financial	statements			19
Detailed statement offinancial	activities			25

for the year ended 31 March 20	21
		unrestricted oeslsnstsd			Restricted	Total	Total
		funds	fund		reeds	2021	2cte
	Notes	E	E		E	E	E
Income
Income from chsritabfe scfivgles Core grant (WMBC) VIEW Board Walsag CCG Volunlesr Awards sponsorship Adive Citizens Black Country Together CIC Bridge project Bugdlng Better Opportunlges Creagve Black Country Cuhlng Edge (knife crime) DCMS Youth Mascle'/ Big Local One Palfrey Big local MBL - National Heritage COVID-19 Response Catalyst funding VCSEP ABCCC Redudng Parental Conflict Walsag Intergraled Partnership Sodal Prescribing project Urban Street Cleaning Value You	Creator	5,625 3,450 2,650 1,485 49,538 63,705 1,000 5,000 3,000 1,900 7,730 7,806			170,000 50,000 50,000 82,144 29,203 10,000 34,000 12,101 29,520 2,884	170,000 50,000 60,000 5,825 3,450 2,650 1,485 131,682 92,908 10,000 35,000 5,000 3,000 14,001 37,250 10,470	170,000 50,000 50,000 1,200 (10,000) 6,000 3,740 3,274 4,925 2,665 9,613 167,860 15,580 8,163 4,000 122,234 12,597 15,630 500
Walseg Wegbelng Grants Walsag Works Engage WalsaU Youth investmenl Fund		26,497			1,625 115,029	1,825 141,526	17,214 177,130
Income from frsding scfivgies: Contracts for senrkes Grani admlnlslradon		520				520	6,260 2,787
Investment income		181				181	419
Total Income		179887			685486	766 373	841,571
Expenditure
Cherifebis scgvifies: Operagonal and support costs	3	86,690		3,816	657,426	746,932	805,696
Total expenditure		85690		3816	657426	746 932	805698
Net Income before transfers		94,197		(3,816)	(70,940)	'l9,441	35,876
Gross transfers belween funds	12	(70,443)			70,443
Net movement In funds		23,754		(3,816) (497)		19,441	35,876
Reconcglatlon of funds Total funds brought forward	12	71,121	230,374		497	301,992	266,117
Total funds carried forward		94,875	226,558			321,433	301,992
AU ofthe charily's actlvlges derive	from congnulng	opersgons during	lhe	above	lwo financial	periods.

			Notes	2021	2020
					F
Cash flow from operating	activities		15	40,669	68,677
Net cash flow from operating		activities		40,669	68,577
Cash flow from investing	activities
Interest received				181	419
Net cash flow from investing		activities		181	419
Net increase I(decrease)	in	cash and cash equivalents		40,850	68,996
Cash and cash equivalents	at	1 April 2020		504,829	435,833
Cash and cash equivalents		at 31 March 2021		545,679	504,829

			Unrestricted	Restricted	Total		Total
			funds	funds	2021		2020
			E	E	E		E
Deposit	account	interest	181			181	419
			181			181	419

xpenditure on charitable activities
	Core	Specific	Total	Total
	Activities f	Projects E	2021 f	2020 E
Operational and support costs
Staff costs	298,452		298,452	394,022
Project costs		398,345	398,345	372,758
Motor and travel	173		173	3,795
Premises costs	3,154		3,154	5,811
Promotion and marketing	998		998	1,020
Support costs (see note 4) Governance costs (see note 4)	37,615 8,195		37,615 8,195	25,465 2,826
	348,587	398345	746 932	805,696

	Basis of	General	Governance	Total	Total
	allocation	support	function	2021	2020
		E	E	E	E
Training and recruitment Information technology General oNce costs Independent examiner's fess Legal and other professional Bank charges	Staff time Usage Usage Governance Governance Usage	5,821 23,069 8,580 145	1,830 6,365	5,821 23,069 8,580 1,830 6,365 145	2,677 11,491 11,138 2,100 725 159
		37,615	8,195	45,810	28 290
et income for the year
Net income is stated after charging;
				Total	Total
				2021	2020
				E	E
Operating lease rentals
Office equipment				1,834	1,558

Staffc	osts:
			Total	Total
			2021	2020
			f	f
Wages	and salaries		263,839	380,445
Sodal Defined	security costs contribution	pension scheme	25,705 909	10,568 3009
			298,452	394,022

The average monthly
time equivalents during the year was as follows:
	2021		2021		2020		2020
	Number		FTE		Number		FTE
Charitable activities						10
Administrative						4
Management						3
		19		15		17		14
angible fixed assets
			Fixtures	&
			fittings f				Total f
Cost
At 1 April 2020 and
al 31 March 2021			131,219				131	219
Depreciation
At 1 April 2020			131,219				131,219
Charge for the year
At 31 March 2021			131,219				131	219
Net book values
At 31 March 2021
At 31 March 2020

ebtors
		Total	Total
		2021	2020
		f	8
Debtors from Prepayments	operations and accrued income	52,038 2,512	83,966 2,424
		54	88, 85

Creditors	-amount	s falling due within one year
			Total	Total
			2021	2020
			F
Credilors from operations Accruals and deferred income Other creditors			17,734 257,190 3,872	2,876 285,217 1,134
			278,796	289,227
Deferred	income
Deferred income at Resources deferred Amounts released Deferred income at		1 April 2020 in the year from previous years 31 March 2021	282,657 253,560 ~82,65 253585	185,866 282,657 ~46 282652.

Within	one	year
Within	two	to tive years inclusive

Analysis	offunds			Balance at										Balance at	Balance at
				1 April 2020	Incoming resources				Resources expended		Transfers				31 March 2021
				8			8			8			8		8
Restricted funds
General	fund
	Core grant (WMBC)			497		170,000				(240,940)			70,443
	VIEW Board						50,000			(50,000)
	Walsall CCG						50,000			(50,000)
	Value you						2,864			(2,864)
	Youth Investment	Fund				115,029				(115,029)
	Mossley Big Local						82,144			(82,144)
	One Palfrey Big local						29,203			(29,203)
	Walsali lntergrated		Partnershif				29,520			(29,520)
	Engage Welsall						1,625			(1,625)
	MBL National Heritage						10,000			(10,000)
	COVID-19 Reponse						34,000			(34,000)
	ABC Community	Connectors		4		12,101 586, 6		(12,101) ~4					7,443
Unrestricted funds General fund				71,121		179,887				(85,690)			(70,443)		94,875
Designated fund
	Operating Reserve redundancy liability Relocation Fund Active Citizens		8	155,023 35,000 40351 301,405			17907	3816 ~80„50,0			~70„443				155,023 35,000 36,535 321,433
Total funds				301,992			766373	~7,450327							321,433
Name	of fund			Description,	nature		and purpose			of fund
Restricted general fund				Money given to the charity where the donor donation be spent for a specific project.								requires		that	a grant	or
Unrestricted general fund				The free reserves		of the charity				which ars	not		designated		for particular
				purposes.
Designated fund				Unrestricted	Income		for which		the trustees		have		designated		a particular
				pul'pose.

Analysis ofnet assets between funds
Fund balances at 31 March 2021 are represented by; Tangible fixed assets	Unrestricted funds f	Designated funds f	Restricted funds f	Total Fundsf
Current assets Current liabilities Total net assets	373,671 ~278,7 6& 94,875	226,558 226 558		600,229 ~28,7 321,433

			Total	Total
			2021	2020
			f	f
Net Income for the year Depreciation			19,441	35,875
Interest receivable
Decrease / (increase) Increase / (decrease)	in debtors in creditors		(181) 31,840 (10,431)	(419) (61,679) 94,800
Net cash flow from operating		activities	40,669	68,577

Community Interest Company In which One Walsall Ltd owns 25%.	2021f	2020 f
Income received from related company during the year Amount due from related company at year end	25,726 4816	14,199 1 168

for the year ended 31 Marc	h 2021
		2021			2020
		8	8
Charitable activities
Active Citizens					(10,000)
Bridge project					3,740
Core grant (WMBC) Cutting edge (Knife crime)		170,000 1,485			170,000 2,665
VIEW Board		50,000			50,000
Walsall CCG		50,000			50,000
Volunteer awards sponsorship					1,200
Black Country Together CIC		5,625			6,000
Building Better Opportunities Controlling Migration		3,450			3,274 17,214
Creative Black Country		2,850			4,925
DCMF Youth					9,513
Mossley Big Local		131,682			167,860
One Palfrey Big local		92,908			15,580
MBL - National Hedtage		10,000
COVID-19 Response		35,000
Catalyst funding		5,000
VCSEP		3,000
ABCCC		14,001
Reducing parental conilicl					8,163
Resilient Communities					4,000
Social Prescribing project					122,234
Urban Street Cleaning					12,597
Value You		10,470			15,530
Walsall Wellbeing Grants					500
Walsall Integration Partnership	Creator	37,250
Engage Walsall Youth Investment fund		1,625 141,526			177 130
		765,672			832,125
Other trading activities
Contracts for services		520			6,280
Grant administration					2,767
Investment Income
Deposit account interest		181			419
			766,373
Total incoming resources			766	73