2022-03-31-accounts - One Walsall Ltd

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Contents			Page
Reference and administrative details
Report ofthe trustees
Independent Examiner's report on the	financial	statements
Statement offinancial activities
incorporating income & expenditure	account		12
Balance sheet
Cash flow statement			14
Notes forming part ofthe financial statements,		incorporating:
Statement of accounting policies			15
Other notes to the financial statements			18
Detailed statement of financial activities			24

for the year ended 31 March	2022
			Unrestricted		Designated	Restricted	Total	Total
				funds	fund	funds	2022	2021
		Notes			E	6		6
Income
Income from charitable activities:
Core grant (WMBC)						170,000	170,000	170,000
VIEW Board						50,000	50,000	50.000
Walsall CCG						5O,0OO	50,000	50,000
Black Country Together CIC				5,500			5,500	5,625
Building Better Opportunities				3,274			3,274	3,450
Creative Black Country				3,500			3,500	2,650
Cutting Edge (knife crime)								1,465
Mossley Big Local				52,670		236.498	289,168	131,682
One Palfrey Big local				43,313		65,500	108,813	92,908
MBL - National Heritage								10,000
COVID-19 Response								35,000
Catalyst funding				4,9ao			4,980	5,000
VCSEP				1,500			1,500	3,000
ABCCC				6,225		22,307	28,532	14,001
Walsall Intergrated Partnership	Creator							37,250
Value You								10,470
Kickstart						3,360	3,360
Cycling UK						2,050	2,050
Walsall Volunteers' Week						973	973
Engage Walsall						12,858	12,858	1,625
Community Renewal Fund				5,000			5,000
Community Engagement				2,000			2,000
Access to Work				4,740			4,740
Youth Investment Fund				3,293		13,682	16,975	141,526
Income from trading activities:
Contracts for services				1,936			1,936	520
Advertising				280			280
Investment income				44				181
Total income				138,255		627,228	765,483	766,373
Expenditure
Charitable activities:
Operational and support costs				90,187	2,988	656,384	749,559	746,932
Total expenditure				90,187	2,988	656„384	749,559	746,932
Net income before transfers				4a,oea	(2,988)	(29,156)	15,924	19,441
Gross transfers between funds				(44,133)	14,977	29,156
Net movement in funds				3,935	11,989		15,924	19,441
Reconciliation offunds
Total funds brought forward		12		94,875	226,558		321,433	301,992
Total funds carried forward				98,810	238,547		337,357	321,433
All ofthe charity's activities derive	from continuing	operations	during	the above	two financial periods.

			Notes	2022	2021
Cash flow from operating	activities		15	(196,830)	40,669
Net cash flow from operating activities				(196,830)	40,669
Cash flow from investing	activities
Interest received					181
Net cash flow from investing		activities		44	181
Net (decrease) Iincrease	in	cash and cash equivalents		(196,786)	40,850
Gash and cash equivalents	at	1 April 2021		545,679	504,829
Cash and cash equivalents		at 31 March 2022		348,893	545,679

			Unrestricted	Restricted	Total	Total
			funds	funds	2022	2021
				f
Deposit account interest			44		44	181
			44			181
xpenditure	on charitable	activities
			Core	Specific	Total	Total
			Activities	Projects	2022	2021
Operational	and support	costs
Staff costs			381,616		381,616	298,452
project costs				325,812	325,812	398,345
Motor and travel			10		10	173
Premises costs			15,904		15,904	3,154
Promotion	and marketing		585		585	998
Support costs (see note 4)			21,957		21,957	37,615
Governance	costs (see note 4)		3,675		3,675	8,195
			423,747	325,812	749,559	746,932

	Basis of	General	Governance	Total	Total
	allocation	support	function	2022	2021
Training and recruitment Information technology General office costs Independent examiner's fees Legal and other professional Bank charges	Staff time Usage Usage Governance Governance Usage	2,268 12,271 7,246 172	1,860 1,815	2,268 12,271 7,246 1,860 1,815 172	5,821 23,069 8,580 1,830 6,365 145
		21,957	3,675	25,632	45,810

Net income is stated after charging:	Net income is stated after charging:
		Total	Total
		2022	2021
		Z
Operating	lease rentals
	Office equipment	1,603	1,834

Staffcosts:
		Total	Total
		2022	2021f
Wages and salaries		346,730	341,370
Social security costs		25,542	25,705
Defined contribution	pension scheme	9,344	8,908
		381,616	375,983

The average monthly number ofemployees and time equivalents during the year was as follows:	full
	2022	2022		2021		2021
	Number	FTE		Number		FTE
Charitable activities
Administrative
Management
			13		15	13
angible fixed assets
		Fixtures	&
		fittings f				Total
Cost
At 1 April 2021 arid at 31 March 2022		131,219				131,219
Depreciation
At 1 April 2021 and at 31 March 2022		131,219				131,219
Net book values
At 31 March 2022
At 31 March 2021

Debtors
		Total	Total
		2022	2021
Debtors from Prepayments	operations and accrued income	3,808 65,667	33,912 20,638
		69,475	54,550

Creditors	- amount	s falling due within one year
			Total	Total
			2022	2021
Creditors Accruals	from operations and deferred income		5,618 71,537	17,734 257,190
Other creditors			3,856	3,872
			81,011	278,796
Deferred	income
Deferred	income at	1 April 2021	253,560	282,657
Resources deferred		in the year	68,447	253,560
Amounts Deferred	released income at	from previous years 31 March 2022	(253,560) 68,447	~[282,657 253,560

Fund balances at 31 March 2022 are represented by:	Unrestricted funds	Designated funds	Total funds
	K
Current assets	179,821	238,547	418,368
Current liabilities Total net assets	(81,011) 98,810	238,547	(81,011) 337,357

			Total	Total
			2022 f.	2021f
Net income for the year			15,924	19,441
Interest receivable (Increase) / decrease Decrease in creditors	in debtors		(44) (14,925) (197,785)	(181) 31,840 (10,431)
Net cash flow from	operating	activities	(196,830)	40,669

Black Country Together CIC
Community Interest Company Ltd owns 25%.	in which One Walsall	2021f	2020
Income received from related	company during the year	40,806	25,726
Amount due from related company at year end			4,500

		2022		2021
Charitable activities
Core grant (WMBC)		170,000		170,000
Cutting edge (Knife crime)				1,485
VIEW Board		50,000		50,000
Walsall CCG		50,000		50,000
Black Country Together CIC		5,500		5,625
Building Better Opportunities		3,274		3,450
Creative Black Country		3,500		2,650
Mossley Big Local		289,168		131,682
One Palfrey Big local		108,813		92,908
MBL - National Heritage				10,000
COVID-19Response				35,000
Catalyst funding		4,980		5,000
VCSEP		1,500		3,000
ABCCC		28,532		14,001
Value You				10,470
Kickstart		3,360
Cycling UK		2,050
Walsall Volunteers' Week		973
Walsall Integration Partnership	Creator			37,250
Engage Walsall		12,858		1,625
Community Renewal Fund		5,000
Community Engagement		2,000
Access to Work		4,740
Youth Investment fund		16,975		141,526
		763,223		765,672
Other trading activities
Contracts for services		1,936		520
Advertising		280
Investment income
Deposit account interest		44		181
			765,483		766,373
Total incoming resources			765,483		766,373

		2022		2021
Expenditure
Charitable activities
Direct project costs			325,812		398,345
Support costs
Management
Wages		346,730		263,839
Social security		25,542		25,705
Pensions		9,344		8,908
Hire ofequipmeni		1,603		1,834
Computer equipment	and ITcosts	12,271		23,069
Premises costs		14,557		3,301
Communications		2,925		3,202
Sundries		618		381
Printing and stationery		530
Publicity and training		585		1.123
Maintenance		1,347		1,070
Travel and training		1,005		3,186
Subscriptions		1,570		1,821
Recruitment		1,273		2,808
		419,900	325,812	340,247	398,345
Finance
Bank charges		172		145
			745,884		738,737
Governance costs
Consultancy fees				5,000
Accountancy fees		1,860		1,830
Legal fees		1,815		1,365
			3,675		8,195
Total resources expended			749,559		746,932
NET INCOME			15,924		19,441