One Walsall Ltd
(A Company Limited by Guarantee)
Annual Report and Financial Statements
Year ended 31 March 2024
Charity number . 1074659
Company Number . 03705372
Feltons
Chartered Accountants
Birmingham
B13JR

One Walsall Ltd
(A Company Limited by Guarantee)
Report and financial statements
Year ended 31 March 2024
Contents
Page
Reference and administrative details
Report of the trustees
Independent Examiner's report on the financial statements
10
Statement of financial activities
incorporating income & expenditure account
Balance sheet
12
Cash flow statement
13
Notes forming part of the financial statements, incorporating
Statement of accounting policies
14
other notes to the financial statements
17

One Walsall Ltd
IA Company Limited by Guarantee)
Reference and Administrative Details
Trustees
Peter Whitehead
Chair
Surey8 Gulzar (resigned 11191241
Amritpal Singh
Andre Reid (resigned 1416124)
Muhammad Khan (resigned 419123)
Nigel Dutton
Paul Mason
Nordia Philpott (appointed 11101231
Slmon Harlin (appointed 1110123)
Terry Gee (appointed 11101231
Vice Chair
VI￿ Chair
Key management personnel
Vicky Hines
David Benge
CEO
Development manager
Registered name
One Walsall Ltd
Working name
One Walsall
Registered office
Jerome Chambers
1&16a Bridge Street
Walsall
West Midlands
WS11HP
Charity number
1074659
Company registration number
03705372
Independent examiner
Feltons
8 Sovereign Court
8 Graham Street
Birmingham
B13JR
Bankers
CAF Bank Ltd
25 King$ Hill Ave
Kings Hill
W851 Malling
ME19 4JQ
Unity Trust Bank PIC
Nine Brindley Pla
Birmingham
812H8
Page 1

One Walsall Ltd
(A Company Limited by Guarantee)
Report of the trustees
Year ended 311Vlarch 2024
The Trustees present their annual report together with the financial statements of the charily for the year ended 31
March 2024 which also meet the reqviremenls for a directors, report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2008. Ihe Memorandum and
Articles of Association, and Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland published in January 2019.
Objectives and a¢tivitles
Pur
oses and aims
Our aim is to support a strong and vibrant voluntary and community sector in Walsall, and to encourage arbd grow
local social action, by supporting new and existing voluntary and community sector enterprises (VCSEs} to..
develop, grow and sustain their activities for the future
connect and collaborate wlh other VCSES and partners across sectors
promote their impact and influence local decisions about the communitie5 they serve
encourage and support residents to take up volunteering and other forms of community action
We review our aims, obje￿iveS and activities each year to identify the outcomes of our work in the previous 12
monlhs. The review looks at the success of key aclivities under each strategic objective and the benefits they
have brought to the voluntary and cornmunily sector and to the residents of Walsall more generally. The review
also helps us ensure our aim. objectives and activities remain focused on our slated purposes. We refer to Ihe
guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and
objectives and in planning our future activities, and the InJstees consider how planned activities will contribute to
the aims and objectives they have sel.
Our vlsion is to inspire and support social action by offering a diverse range of unique and bespoke packages of
support lo the sector In order to empower organisalions to become sustainable and thrive.
The strategic objectives for the charity during the year have been:
Improved quality of VCS service provision in Walsall and an increase in VCSES working to deliver against
local priorities.
Improved partnership working between a diverse range of VCSES
Increased levels of funding accessed by the VCS from sources originating oulside of the Borough
Increased representation of the VCS in a range of key partnership forums
InGrease in re5idenls' engagement in volunteering and other forms of social action
Increased confidence, trust and satisfaction in One Walsall from the VCS.
Page 2

One Walsall Ltd
(A Company Limited by Guarantee)
Report of the trustees (continued)
Year ended 31 March 2024
Achievements and perforniance
Beneficiaries of our services
One Walsall's Articles state that we work to promole any charitable purposes for the benefit of Walsall and the
surrounding areas, build the capacity of voluntary and community sector {VCS) organisalions, promote, organise
and facilitate co-operation and partnership working. and provide them wth the necessary support, informatson and
services to enable them to pursue or contribute to any charitable purpose.
The VCS in Walsall is both broad and diverse,. from small, volunteer-led community groups with little formal
structure or income, to larger charities with paid staff delivering commissioned services. The diverslty of the sector's
structure is mirrored by the diversity of services and activities il delivers, which includes advice and information,
education and skills. employment and financial inclusion, health and wellbeing. general social activlties, sports and
physical activity groups. Walsall is broadly in line with national trends with most local organisations being small-
almost two thirds of those operating in Walsall have an annual turnover of less than £100,000 and the majority far
less than this.
Performance a
ainst slrale
ic ob'eclives
In the last 12 months. One Walsall has experienced change. This is primarily as a result of the ending of its contract
funded by Walsall Council and Health as the requirements have changed to a locality model.
One Walsall has endeavoured to diversify its income and in December 2023 we received the new5 thal we had
been successful with a bid to the National Lottery Community Fund. This will fund our Partnership, Development
and Impact posts over three year5. One Walsall was also suGcessful in a bid to The UK Shared Prosperity Fund to
fund a part time Volunteer Co-ordinator role to set up a supported volunteering programme. This wrll be an
opportunity to pilot a programme offering holistic support to vulnerable people to engage them in meaningful and
positive activities within the Borough and also to bring forward learning which can be shared with key partners.
During this period One Walsall's board was able lo maintain the strategic objectives in this time by continuing to
support its members.
Improved quality of VCS service provision in Walsall and an increase in VCSES worklng to deliver
agalnst local priorities.
Walsall is a proud town with a diverse and multi-cultural community. The Borough has both a growing young and
older population which are placing greater demands on Services going forward. Like many other towns and cities
Walsall continues to face significant challenges exacerbated by the pandemic, followed by the cast of living crisis,
which has Impacted the local population and the VCFSE communities alike. The sector plays a pivotal role in
supporting vulnerable people experiencing health, education & skills. housing and community safety issues.
Underlying structural factors such as poverty emphasise this impact on the populatlon.
In this challenging landscape, One Walsall has continued to represent and provide support to ils members. There
ha5 been a growing focus on providing tailored support to members around the One Walsall Business Development
Tool providing organisations with an independent, holistic review of their organisations. As part of the review we
work with organisations to understand their prlorilies and support them in their decision making. At the end of the
process. organisations are provided with a detailed report and action plan lo aid their development. During the year
we undertook a survey to understand how Members found the process and the difference it has made. A focus
group was also held with members about the tool. Feedback has been positive and we are now starting to put in
place changes Ihat we hope will rnake the tool even more accessible.
Page 3

One Walsall Ltd
(A Company Limited by Guarantee)
Report of the trustees (continued)
Year ended 31 March 2024
Improved quality of VCS service provision in Walsall and an increase in VCSES working to deliver
against local priorities {continued)
Over the last 12-18 months, One Walsall has identified a gap for members in particular around evidencing their
impact. Initially One Walsall's monitoring and evaluation team played an internal role for Ihe organisalion. In
recognising potential gaps for members. the focus for the Impact team's work has shifted to better understand the
needs of the sector.
In the reporting period, the Impact team worked with a small group of member organisations, listening to their needs
& requirements. They have been able to provide advice or undertake pieces of monitoring and evaluation work
which have in some instances been used to support a review with funders. In addition, Ihis has provided an
opportunity for One Walsall to discuss and introduce local strategic priorities to groups who rnight be unaware of the
wider impact of their work. For instance, the team is actively exploring ways to build the voluntary sector's work into
Walsall's Well-being outcomes framework, which will be used in the future around commissioning and influencing
future ways of working.
By the end of the financial year the Impact team completed three evaluation reports. Over the next few months, we
will be putting forward our M & E offer to the sector that we hope will not only provide members with a greater
understanding of the importance of monitoring and evaluation but also provide Ihem with opportunities to upskill
their staff.
The Impact team hosted One Walsall's first webinar towards the end of the reporting period. This provided great
insight into organisations, views on monitoring and evaluation and what their requirements are. The team will
conlinue working on tools and resources to support the sector in the next 12 months.
2. Improved partnership working between a diverse range of VCSES.
One Walsall continues to promote partnership working across the sector and is excited to be involved in
progressing a couple of opportunities.
One Walsall was approached early in in Ihe reporting period to take up the administrationlsecretariat for the
borough's Cultural Compact. It's an exciting time to be involved in Walsall as there are a nurnber of regeneration
opportunilies coming together. These include the Town's Fund. which is funding a range of exciting opportunities
which will include voluntary sector organisations. One Walsall has been privileged to take part in the advisory
boardlfunding pane15. In addition, Walsall has secured cultural development fvnding to bring the iconic Guildhall
located in the town centre back into use and to develop opportunities for creative businesses to be established over
the coming years. The CDF includes the Cultur81 Compact as a partner. There will be opportunities to bring
volunteer5 on board as part of its work.
The Cultural Compact provides wider opportunities to galvanise a range of key partners and the sector to partner
and collaborate.
Relaunching the Compact ha5 meant that during the period there has been a review of the Compact's governance.
With ils reach, One Walsall together with the chair of the group have been able lo bring together a broad spectrum
of partners and creative organisations. A specific creatives group has been formed which will grow and evolve over
the years to influence and drive the Compact in the future.
Mental health continues lo be a concern and a priority focus for partners. In recognition of ils previous work around
winter pressures, One Walsall was asked by a group of member organisations to lead a proposal to the Black
Country Health Trust to deliver a Talking Therapies Plus bid. This will be an innovative and creative way for the
voluntary and community sector to showcase its varied strengths in supporting underrepresented & under heard
groups with protected characteristics. Whilst the group has received initial approval, further sign off is required to
enable the mobilisation of Ihe programme. If awarded the pilot approach could potentially lead to a business case
for fijture multiyear funding with the voluntary sector taking a pivotal role.
Page 4

One Walsall Ltd
(A Company Limited by Guarantee)
Report of the trustees (continued)
Year ended 31 March 2024
Increased level of funding accessed by the VCS from sources outside of the borough.
During the reporting period One Walsall's funding officer supported groups with practical advice to secure approx
£480k of funding for the borough.
Throughout the year, the Funding Officer was able to njn a Series individual and workshop sesslons, brlnging
together various funders such as the National Lottery Community Fund. Heritage & Heart Of England Foundation
alongside the voluntary and community sector. This enabled funder to share information about their fundin9
priorities, application tips and lo share best practice. Funding Information was also shared via One Walsall's
newsletter and by direct email lo members.
As the locality lead model includes a funding focus, One Walsall has ￿moVed the dedicated funding officer and
has moved to a Partnership and Development role. This will have a more limited funding role going forward and will
recognise as has been reported in previous years that some organisations require more bespoke support in
developing their offer and around income generation.
Increased representation of the VCS in a range of key partnership forums.
One Walsall has continued to work closely with its rnembers and explored ways for the sector to develop ideas and
opportunities to support local people.
Early in the reporting period One Walsall hosted an International Women's Day event at its offices. This supported
some Initial work undertaken by the women's network. The IWD event enabled us to celebrate the work of One
Walsall members and for them to ne￿ork with each other.
Many organ5sations advised that since the pandemic that they would like opportunities to have in person as well as
online meetings. The One Walsall team took the opportunity to run the Housing and homelessness fonjm in a
creative way by using a "walk.. The Forum took place on world homelessness and mental health day and 60
participants took place in a walk from the town centre to the Arboretum. The forum had statutory and voluntary
sector speakers at key points along the way highlighting key infomiation and work being undertaken in the Borough.
Following this event there was an opportunity to host an online event, encouraging voluntary sector partners to
apply for Change into Action funding which supports the street sleeping community. Some member organisations
expressed an interest in becoming a Trusted Partner which will enable them to apply for funding.
One Vvalsall has continued to promote the inclusion of the sector in the system wide Health Alliance meetings.
Many organisations want to be involved but have some issues with their capacity.
In the previous year, there was recognition of the growth in the number of Community Interest Organisations. In the
reporting period One Walsall was asked by West Midlands Combined Authority lo host an event focusing on the
social economy. One Walsall brought in Council. WMCA. private sector speakers and was able to include CICS in
the discussion. The feedback from the event was shared with the council who are establishing an economic forum.
One Walsall will continue to work work with its CIC members to help their future delivery.
The new Partnership & Development officer roles, funded by the National Lottery Community Fund will be filled
early in the new financial year and will pick up the work from the forum5 and ne￿orkS.
Page S

One Walsall Ltd
(A Company Limited by Guarantee)
Report of the trustees (continued)
Year ended 31 March 2024
Increase In residents engagement in volunteering and other forms of social action.
The Volunteer centre continued to operate successfully with 244 volunteers slgned up during the year from which
we matched with 342 volunteering. opportunities. We ran several one off events to promote volunteering and
Corporate Social Responsibility {CSR). These include a CSR event at Darlaslon Ihat attracted 29 organisations and
a Volunteer MiniFair that attracted 19 voluntary groups who made conta¢t with 90 potential volunteers. Working with
our fellow CVS partners from across the Black Country we provided a range of training events to support
organisations to attract, develop and retain volunteers. In December 23 our Volunteer Manager left the organisation.
We have secured funding for a Supported Volunteering Programme for 2024 and will cover some generic
volunteering activity from reserve, and we have gone out to recruit to this part time post, however, our priority as
we come to the end of the financial year is to identify further funds lo invest into our Volunteering Offer so that we
can be seen as a key strategic partners around local volunteering during 202412025.
During the reporting year, One Walsall as a key partner on the local place based partnership has taken a lead role
in an informal cross sector volunteering network. The network brings together statutory and voluntary sector
organisations to share local updates of some of the amazing volunteering work happening. The group is looking at
local opportunities to work on over the coming year.
During the forthcoming year One Walsall anticipates a number of volunteering opportunities being developed
through our links with the Community Development Fund funded Makerfest which is linked to the Cultural
Compact's work.
During Ihe year we continued to support the two Big Local areas in Walsall namely Mossley and Palfrey. Both
programmes which are community led are beginnin9 to wind down and focus on their long-term legacies. In Palfrey
this will be in the form of significant improvements to the three parks in the area whilst in Mossley they have
purchased the old Mossley Youth centre building which they are having redeveloped into a new Community Hub, for
the use of the residents of Mossley and services looking to deliver their service to Mossley residents. One Walsall
has continued to hold the funding for the two programmes and has managed a Coordinator role which has
supported each programme's development.
Increased confidence. trust, and satisfaction In One Walsall from the VCS
During what has been a challenging period for One Walsall we have continued to deliver a service in support of the
VCSE of Walsall.
During the year we conducted a survey to understand member sector satisfaGtion with our funding support and our
generic organisational support through the One Walsall Business Development Tool. Feedback showed that 81°
of groups who make a funding enquiry went on to submit a bid and of those, 750k had a successful funding
outcome. 970h ofthe groups who responded would recommend our funding support to other organisations. In terms
of the One Walsall Development Tool 88 % ofthe groups reported acting on the advice provided. Groups also
reported accessing other services including Volunteering support, e-bulletin, virtual forums etc.
One Walsall began work to devise a stale of the sector survey to go to all members. It felt appropriate to go out and
understand the landscape the tnembers are working in and to hear their priorities and issues.
The survey went out before the end of the financial year. Apart from sending out a link to the survey, members
were asked if they wanted support to help them complete the form to enable those with language barriers or a
disability to take part. Feedback received al the survey midpoint suggest5 that members are concerned about the
sustainability of their organisations as funding becomes more and more restricted.
The outcome from Ihe survey will be shared in full in the new financial year with members and strategic partners
such as external funding partner5, Health and the Council. One Walsall will also use the information to determine its
future priorities and the offer.
Page 6

One Walsall Ltd
(A Company Limited by Guarantee)
Report of the trustees (continued)
Year ended 31 March 2024
structure, governance. and management
Governin
Document
One Walsall Ltd. is a company lirnited by guarantee governed by its Memorandum and Articles of Association dated
18 April 2018 and is registered as a charity with the Charity Comrnission. There are currently 403 members, each of
whom agrees to contribute £1 in the event of the charity winding up. Membership is open to nol-for-profit
organisalions with charitable aims which operate within Walsall and are in support of One Walsall's mission and
objects.
Recruitment and a
ointment of trustees
We recruit new trustees to ensure our board has the range of skills and experience to meet the needs of the
organisation. Trustees are appointed by ordinary resolution at a General Meeting or by a decision of existing
trustees.
Board of Trustee Meetln
A HR sub committee meets regularly in support of all One Walsall's HR processes.
A Finance subgroup has also been meeting regularly to review and oversee One Walsall's charily accounts and
provide support with business planning.
Trustee Induction and Trainin
Most trustees are already familiar with the practical work of Ihe charity having been drawn from the membership of
the organisation and been in receipt of our services at one time or another. New trustees are provided an induction
to the organisation, delivered by the Chair of the Board of Trustees and Chief Executive, which covers the current
context the organisation operates in, the key areas of service delivery, and the main documents which set out the
charity's operational and governance framework, including-.
Memorandum and Articles
Mission statement and strategic plan
Conflict of Interest Policy and Procedure
Trustee role description, code of conduct and contract
In addition, new trustees are directed to the relevant advlce and guidance of the Charity Commission and are
invited to attend any relevant training delivered by the Development Team which will support orientation to thelr role.
anisational Stnjcture
The Board of Trustees, which can have up to 12 members. administers the charity. The Board meets quarterly to
manage the affairs of the organisation. to formulate and approve policy, and set the overall strategic direction. Sub-
committees meet as and when required to cover governance matters in greater detail in areas such as human
resource5.
The day to day responsibilty for the provision of service remains with the Chief Executive Officer along with
Development Manager and Office Manager.
Page 7

One Walsall Ltd
(A Company Limited by Guarantee)
Report of the trustees (continued)
Year ended 31 March 2024
Related arties
The charity has a close relationship with other voluntary sector infrastructure organisations in the region. and acts in
collaboration with them to establish strategies for the benefit for the voluntary and community sector in Walsall. One
Wa15all is a member of the National Association for Voluntary and Community Action INAVCA} and the National
Council for Voluntary Organisations (NCVOI. In 2013, One Walsall became one of the four members managing
Black Country Together CIC, an associated cornpany which is joint owned with Dudley Council for Voluntary
Services, Sandwell Council for Voluntary Organisalions and Wolverhampton Voluntary Sector Council. Black
Country Together is established to increase the level of funding secured by the voluntary and community sector
within our sub-region and foster greater cooperation and collaboration between voluntary organisalions and local
statutory agencies both within and across borough boundaries.
Financial Revlew
As detailed ealier One Walsall's Core Grant from the council was rnade into a contract and put out to tender In four
lots. One walsall was unsucessful in the tender to provide infrastructure support to the South of the Borough. During
the year we have been utilising our reseNes to cover the some of the posts that were previously funded through this
grant. During the year we have reduced our head count to reflect the financial situation in which we find ourselves.
In December 2023 were were advised that we had been sucessful in applications both to the National Lollery
Community Fund and to the Uk Shared Prosperity Fund. Whilst this fvnding has covered the costs of a several key
posts we still need to secure additional core funding lo avoid having to deplete our reserves any further. How we
achive this and developing a more sunslainable funding mix will be two of our main priorities for the forthcorning
year.
ReseNes
olic
The Trustees have reviewed the charitws needs for reserves in accordance with the guidance issued by the Charity
Commission. The tiustees believe that the charity should hold financial reserves because il is dependent for much
of its income on short and medium-term grants. These grants are subject to fluctuation and delay and the charity
requires protection against these uncertainties and the ability to continue operating despite gaps in future
Income.The trustees have decided that due to our reduction in staff and the reduction in potential redundancy
payments and due to the fact that other organsiations are operating who could support our members in the event of
forced closure that we would reduce our Reserves to a level of 3 months operating costs. This will give us more
financial flexibility in the short term.
Investment olic
The trustees having regard to liquidity requirements of the charity and the reserves policy described in the trustee's
report, have operated a policy of keeping available funds in an interest bearing deposit account.
Goln
concem
The financial statements have been prepared on a going concern basis. The trustees believe this is appropriate wlh
the current situation. However there are some concerns over the future level of funds held and the expected level of
income. The charity is currently identifying suitable funders to help alleviate our shortfall in core fundin9.
Applications to funders will be made shortly.The future ability of the charity is dependent on being successful in
number of these applicatlons. As it stands now the trustees believe adopting the going concern assumption 15
appropriate.
Page 8

One Walsall Ltd
(A Company Limited by Guarantee)
Report of the trustees (continued)
Year ended 31 March 2024
Plans for the Future - Looking Forward
Moving forward into the new financial year One Walsall rernains committed to working to strengthen and support ils
members. Securing the National Lottery Community funding has been pivotal and will enable the organisalion to
lake a bespoke approach in ils work and to take a greater leadership role. Looking ahead there will be national.
regional and local elections over the coming year. which may have implications for the VSCE in its role and remit.
The economic outlook remains unpredictable and unsettled. It is evident that partnership and collaboration will be
required ever more as funders and commissioners alike grapple with limited long-lerm funding. One Walsall has
rolled out its comprehensive Stale of the Sector survey and hopes to achieve a response rate of 100. The feedback
from the survey will have irnplications for the One Walsall Board & staff in terms of the organisation's strategic
planning and also for key partners such as the Walsall Together Partnership working across the Borough. In the
new financial year, One Walsall will develop its 3 year plan and will explore ways to develop its members, prioritise
partnership and collaborative opportunities and secure further fvnding to sustain its future work- this includes
developing self-funding options.
One Walsall will continue to add value, using its platform to promote and build those working in the voluntary and
community sector who work with some of the most vulnerable people living in the Borough. There will be
opportunities for One Walsall to be involved in major pieces of work where it can test & learn, share learning and
inform best practice.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006
relating to small companies.
By order of the board of trustees
Peter Whitehead
Chair
24 October 2024
Page 9

Independent Examiner's Report to the Trustees of
One Walsall Ltd
(A Company Limited by Guarantee)
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2024
which are set out on pages 11 to 23.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for
the preparation of the accounts in accordance with the requirements of the Companie5 Act 2006 {'the 2006 Act'l.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act
and are eligible for independent examination, I report in respect of rny examination of your company's accounts as
carried out under section 145 of the Charities Act 20111'the 2011 Act,). In carrying out my examination I have followed
the Directions given by the Charity Commission under section 145(5}(b) of the 2011 Act.
Independent examiner's statement
Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section
145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute
of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me Cause to believe that in any material respect..
accounting records were not kept in respeGt of the company as required by section 386 of the 2006 Act-, or
the accounts do not accord with those records- or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act olher than any
requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an
independent examination., or
the ac¢oun15 have not been prepared in accordance with the method5 and principles of the Statement of
Recommended Practice for accounting and reporting by charities applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
{FRS 102)
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the accounts lo be reached.
4É_
David W Farnsworth FCA (Senlor Statutory Auditor)
For and on behalf of Felton5
8 Sovereign Court
8 Graham Slreet
Birmingham B13JR
Page 10

One Walsall Ltd
(A Company Limlted by Guarantee)
Statement of financlal activities lincluding income and expenditure account)
forthe yearended 31 March 2024
Unrestrlcted Deslgnated Restrlcted
funds
fund
funds
Total
2024
Total
2023
Notss
Income
Donations and legacies
In￿rne fmm ¢haritable eclivitses..
Core grant IWMSCI
Core grant INHSBC ICB)
Creative Black Country
Mossley Big Local
One Palfrey Big local
NHS Heallh Inequalities
Commonwealth Aclivily Connectors
Kick Off Call
Voluntary and Social Enterprise Suppori
Volunteering Futures
VCSE Leadership
Wa15all Cultural Compa¢1
Initiative for Soeial Enlerprise
Investing in Volunleeis
Winter Pressures
Walsall CCG
Black Country Together CIC
Volunteer Centre
Primary ca￿ Arnbassadors
Youth Focvs Wesl Midlands
Engage Walsall
Mossley Jubilee Day of Culture Feslival
We Are Walsall 2040
Others
55
55
10.000
8.333
4.167
8.333
4.167
3.500
123.588
100.196
39,188
40,260
3,750
30,024
4.670
5,000
13,320
2,500
2,000
100,000
3,500
44,563
4,723
3.500
70,466
75,066
10.812
43.444
2.750
79,025
95,473
39,188
40.260
3.750
30.024
4,670
5.000
13.320
2.500
2.000
2,330
231.509
50,000
3.000
5,000
18.000
1.324
2,323
9,668
1.820
5.881
867
1.717
2,584
Inconpe from trading o¢tiwlies.'
Conlracls for servi¢es
Advertising
Rental income and room hire
3.230
130
62
3.230
130
62
287
180
211
Investment income
5.565
5.565
2.419
Total income
93.935
298.187
392.122
649.990
Expenditure
Charitable &¢liviti&s.'
Operational and support costs
219.317
1.597
305.488
526,402
686.717
Total expenditure
219,317
1.597
305,488
526.402
686.717
Net income before transfers
1125,382)
11.5971
17.301) (134.2801
136,727)
Gross transfers between funds
13
97,699
1105,000)
7,301
Nèt movement in funds
{27.6831 1106.5971
1134,2801
136.727)
Reconclliatlon of funds
Total fund5 brought forward
13
94,028
206.602
300,630
337.357
Total funds carried foNard
66.345
100,005
166.350
300.630
All of the charity's activities derive from ¢onllnuing operation5 during the above two financial period5.
Page11

One Walsall Ltd
(A Company Limited by Guarantee)
Company Number . 03705372
Balance sheet as at 31 March 2024
I Charity number . 1074659
2024
2023
Notes
Fixed assets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
10
3,388
451.358
454,746
10.136
521,491
531,627
Creditors: amounts falling
due wlthin one year
11
288.396
230.997
Net current assets
166.350
300,630
Net assets
166.350
300,830
Funds of the charlty .
Restricted funds
General fund
13
Unrestrlcted funds
General fund
Designated fund
13
13
66.345
100,005
94,028
206,602
166.350
300,630
Total funds
166,350
300,630
The company is entitled lo exemption from audit under Section 477 of Ihe Comp8nles A¢t 2006 for the year ended 31
March 2024.
The members have not required the company lo obtain an audit of ils financial slalements for the year ended 31 March
2024 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for..
a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
b) preparing financial statements which give a true and fair view of Ihe slate of affairs of the company as al the end
of each financial year and of Ils surplus or deficit for each financial year in accordance with the requirements of
Sections 394 and 395 and which olhernise comply with the requiremen15 of the Companies Act 2006 ielaling lo
flnancS8l statements, so far as appllcable to the company.
These attounts have been prepared In accordance with the special provisions of Part 15 of the Companies Act 2008
relating to small companies.
The notes on pages 14 to 23 fom part of these accounts.
The financlal stalernents were approved by the board of Irustees on 24 October 2024 and were signed on Its behalf
by..
Peler Whitehead (Chair)
Page 12

One Walsall Ltd
(A Company Limited by Guarantee)
statement of cash flows
for the year ended 31 March 2024
Notes
2024
2023
Cash flow from operating activities
16
175.698)
170,179
Net cash flow from operating activities
75,698
170.179
Cash flow from Investing actlvltles
Interest received
5,565
2,419
Net cash flow from investing activities
5,565
2,419
Net (decrease) l increase in cash and cash equivalents
{70,133)
172,598
Cash and cash equivalents at 1 April 2023
521.491
348.893
Cash and cash equivalents at 31 March 2024
451,358
521.491
Page 13

One Walsall Ltd
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2024
1. Accounting policies
a) Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in Ihe UK and Republic of Ireland issued in October 2019, tte
Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the
Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The char(ty constitutes a public benefit entity as defined by FRS 102. The financial statements are prepared
under the historical cost convention unless otherwise slated in the relevant accounting policy note. One
Walsall Ltd is a charitable company limited by guarantee in England and Wales. The company's registered
number and registered office can be found in the reference and administrative details page.
b) Going concern
The financial statements have beon prepared on a going concern basis. The trustees believe this is
appropriate with the current situation. However there are some concerns over the fvture level of funds held
and the expected level of income. The charity currently has various applications out for consideration with
funders and are expecting decisions to be made soon. The future ability of the charity is dependent on being
successful in a number of these applications. As it stands now the trustees believe adopting the going
concern assumption is appropriate.
c) Income recognition
All incoming resources are included in the Statement of Financial Actlvities (SOFA) when the charity Is legally
entitled to Ihe income after any performance conditions have been met, the amount can be measured reliably
and it is probable that the income will be received.
Grant5 receivable
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of
income received for specific purposes bul not expended during the period is shown in the relevant
funds on the balance sheet. Where income is received in advance of entitlement of receipt its
recognition is deferred and included in credilors as deferred income. Where entitlement occurs
before income is received, the income is accrued.
Donations
Donations are recognised on a receivable basis where there is certainly of receipt and Ihe amount
can be reliably measured. If there are conditions attached to the donation and this require5 a level of
performance before entitlement can be obtained then income is deferred until those condillons are
fully met or the fulfilment of those conditions is within the control of the charity and it is probable that
they will be fulfilled.
Donated services and gifts In kind
Donated facilities and donated professional services are recognised in income at their fair value when
their economic benefit is probable, it can be measured reliably and the charity has control over the
item. Fair value is determined on the basis of the value of the gift to the charity. For example the
amount the charity would be wllling lo pay in the open market for such facilities and services. A
corresponding amount is recognised in expenditure.
Page 14

One Walsall Ltd
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2024 (continued)
1. Accounting policies (continued)
c) Income recognition (continued)
Gifts in kind
Fixed asset gifts in kind are recognised when receivable and are included at falr value. They are not
deferred over the life of the asset.
Interest receivable
Inte￿st on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity., this is normally upon notification of the interest paid or payable by the bank.
Other income
Other income. including the hire of facilities, is recognised in the period it is receivable and to the
extent the goods have been provided or on completion of the service.
dl Expenditurè recognition
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate
all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to
make payments to third parties. it is probable that the settlement will be required and the amount of the
obligation can be measured reliably. It is categorised under the tollowing headings..
Costs of generating funds
These are costs incurred in attracting voluntary income, and those incurred in trading activities that
raise funds.
Charitable activitles
These are costs incurred in activities undertaken to further the purposes of the charity and their
associated support costs.
Governance costs
These include the costs attributable to the trust's compliance with constitutional and statutory
requirements, including strategic management and trustees. meetings and reimbursed expense5.
Irrecoverable VAT is charged a5 an expense against the activity for which expenditure ar05e.
e) Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the charity.
Designated funds are unrestricted funds of the charity which the trustees have decided at thelr discretion to
set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to
be solely used for particular areas of the charivs work or for specific artlStic projects being undertaken by the
charily.
fj Allocation of support costs
Support Costs are those that assist the work of the charity but do not directly represent charitable activities
and include office costs, governance costs and administrative payroll costs. Where support costs cannot be
directly attributed to partlcular headings they have been allocated to C05t of raising fund5 and expenditure on
charitable activities. The bases on which support cosls have been allocated are set out in note S.
Page 15

One Walsall Ltd
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2024 (continued)
1. Accounting policies (continued)
gl Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and
accumulated impairment losses. Cost includes costs directly attributsble to making the asset capable of
operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculaeed to write off the cost. less estimated
residual value. of each asset on a systematic basis over its expected useful life as follows=
Fixtures and fittings
250h per annum on a straight line basis
h) Debtors
Operational and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
i} Cash at bank and in hand
Cash at bank and In hand includes cash and short term highly liquid investments with a short maturity of three
months or less from the date of acquisition or opening of the deposit or similar account.
j) Liabilities
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event. it is
probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement
can be estimated reliably. Liabilities are recognised at the amount that Ihe charity anticipates it will pay to
settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
k) Operating leases
Rentals payable under operating leases are charged to the SOFA on a straight line basis over the period of
the lease.
l) Taxation
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered
to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a
charitable company for UK corporation tax purposes.
m) Pension benefits
The charity operates a defined contribution plan for the benefit of ils employee5. Contrtbulion5 are expensed
as they become payable.
n) Critical accounting estimates and areas of Judgement
Estimates and judgements are conlinually evaluated and are based on historical experience and other factors.
including expectations of future events Ihat are believed to be reasonable under the circumstances.
There are no critical accounting estimales or areas of judgement.
Page 16

One Walsall Ltd
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2024 {continued)
2. Donations and legacles
Unrestricted Restricted
funds
funds
Total
2024
Total
2023
Donations
55
55
10,000
55
55
10.000
3. Investment income
Unrestricted Restrlcted
funds
funds
Total
2024
Total
2023
Deposit account Interest
5.565
5.5S5
2,419
5.565
5.565
2.419
4. Expenditure on charitable activities
Core
Activities
Speclfic
Projects
Total
2024
Total
2023
Operational and support costs
Slaft costs
Project costs
Motor and travel
Premises costs
Promotion and marketing
Support costs (see note 5)
Governance costs (see note 5)
276.832
276,832
212,282
257
6,161
2,490
17,496
10.884
316.244
326.551
32
9.113
2,516
27,741
4.520
212.282
257
6,161
2.490
17,496
10,884
314.120
212.282
526,402
686,717
Total expenditu￿ on charitable activities was £526,40212023 £688.717} of which £220.914 {2023 - £101,547} was
unrestricted and £305,488 {2023 - £585.1701 was restricted.
Page 17

One Walsall Ltd
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2024 {continued)
S. Analysis of supportand governance costs
Basis of
allocation
General
support
Governance
function
Total
2024
Total
2023
Training and recruilmenl
Information technology
General office costs
Independent examinerfs fee
Legal and other professional
Bank charges
Staff time
Usage
Usage
Governance
Governance
Usage
151
10,014
7,196
151
10,014
7,196
2,334
8.550
135
1,450
18,425
7,718
1,920
2,600
148
2,334
8,550
135
17,496
10.884
28,380
32,261
6. Net in¢ome for the year
Net income is stated after charging..
Total
2024
Total
2023
Operating lease renta15
ofFI￿ equipment
1,543
7. Trustees and key management personnel remuneration and expenses
During the current and prevlous year. no trustees received any remuneration nor any benefits in kind.
DLrring the current and previous year, no trustees rettived any reimbursement of expenses.
The Trust Considers its key management personnel comprise Ihe Chief Executive Officer and the Development
Manager, as shown on page 1. The total amount of employee benefits received by key management personnel was
£77,533 (2023- £63.288}-
Page 18

One Walsall Ltd
IA Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2024 {continued)
8. Analysis ofstaff costs and numbers
Staff costs .
Total
2024
Total
2023
Wages and salaries
Social security costs
Defined contribution pension scheme
252,986
16,339
7.507
276,832
284,805
17,748
13,691
316.244
No employees received total employee benefits of more than £60,000.
Stsff numbers .
The average monthly number of employees and full
lime equivalents during the year was as follows-.
2024
Number
2024
FTE
2023
Number
2023
FTE
Charitable activities
Adminislralive
Management
12.0
13.0
9. Tangible fixed assets
Flxtures &
rittings
Total
Cost
At 1 April 2023 and at 31 March 2024
131,219
131.219
Depreciation
At 1 April 2023 and al 31 March 2024
131.219
131,219
Net book values
At 31 March 2024
At 31 March 2023
Page 19

One Walsall Ltd
(A Company Limited by Guarantee)
Notes to the financial Statements for the year ended 31 March 2024 (continued)
10. Debtors
Total
2024
Total
2023
Debtors from operations
Prepayments and accrued income
280
3.108
3.388
3.732
6,404
10,136
11. Creditors - amounts falling due within one year
Totsl
2024
Total
2023
Creditors from operations
Accruals and deferred income
Other creditors
6,690
215,647
66,059
288,396
7,089
219.929
3.979
230,997
Deferred Income
Deferred income al 1 April 2023
Resources deferred in the year
Amounts released from previou5 years
Deferred income at 31 March 2024
216,727
284.910
1294,924
206,713
68,447
192.066
43,7861
216,727
At the balance sheet dale the charity was holding funds received in advance where the qualifying expenditure is
expected to be incurred in a future year.
12. Commitments under operating leases
Al 31 March 2024 the charity was committed to makin9
the following payments under non-cancellable operating
leases
other
Totsl
2024
Total
2023
Within one year
Within iwo to five years inclusive
500
2.001
2,501
1.543
1,543
Page 20

One Walsall Ltd
{A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2024 (contlnued)
13. Analysis of funds
Balance at
1 April
2023
Balance at
31 March
2024
Incoming
resources
Resources
expended
Transfer5
Restricted general funds
Core grant IWMBC)
Core grant INHSBC ICB)
M05s1ey Big Local
Urban Street Cleaning
One Palfrey Big local
Cycling UK
Change Into Action
Health Inequalities
Winter Pressures
Commonwealth Activity Connectors
Primary Care Ambassadors
Voluntary and Social Enterprise Support
8.333
4.167
79,025
397
95,473
480
840
39,188
(8,3331
14.1671
{79,025)
{3971
195.473)
(480}
{8401
144,413)
(1.7051
(40,2601
(371)
30.024)
305.488
5,225
1,705
40.260
371
30,024
298,187
7,301
Unrestrlcted funds
General fund
Designated funds..
Operating Reserve {Ihree
months)
Relocation Fund
Youth Engagement (legacy)
94.028
93.935
1219.317)
97.699
66,345
165.000
35.000
6,602
170,0001
{35,000)
95.000
11.5971
5,005
300.630
93.935
220,914
17.301
166,350
Total funds
300.630
392,122
526.402
166.350
Name of fund
Descrlptlon. nature and purpose of fund
Restricted general fund
Money given to the charity where the donor Tequires that a grant or
donation be spent for a specific project.
Unrestricted general fund
The free resejves of the charity which 8￿ not designated for parbcular
purposes.
Designated fund
Unrestricted income for which the trustees have designated a particular
purpose.
It was decided by the board to ring fen¢e an unrestricted legacy and spend it on the now unfunded Youth Engagement
project. As At 31 March 2024 the balance on the Youth Engagement ftjnd was £5,005.
Page 21

One Walsall Ltd
(A Company Limited by Guarantee)
Notes to the financial statements forthe year ended 31 March 2024 (continued)
14. Analysis of net assets between funds
Fund balances at 31 March 2023 are
represented by..
Unrestricted Deslgnated
funds
funds
Restricted
funds
Total
funds
Current assets
Current liabilities
Total net assets
354.741
(288.3961
66.345
100.005
454.746
1288,396
166.350
100,005
15. Capltal commltments
There were no capital commitments at 31 March 2024 nor at 31 March 2023.
16. Reconciliation of net Income to net cash flow from operating actlvlties
Total
2024
Total
2023
Net income for the year
Interest receivable
De¢rease in debtors
Increase in C￿ditOrS
1134,280)
(5.565)
6.748
57,399
{36,727)
12.419)
59.339
149.986
Net cash flow from operating activitles
75.698
170,179
17. Related party transactlons
The following related paty transactions look place during the period..
Black Country Together CIC
Community Interest Company in which One Walsall Ltd
owns 250kn.
2024
2023
Income received from related party during the year
Amount due from related company at year end
53,594
250
60,548
288
Organisation Mindkind CIC
Community Interest Company in which sU￿ya Gulzar
(trusteel is a director
2024
2023
Income received from related paty during the year
12.450
39.000
Page 22

One Walsall Ltd
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2024 (continued)
17. Related party transactlons {continued)
Oryanisation Mettamlnds CIC
Community Interest Company in which Amrilpal Sin9h
{trusteel is a director
2024
2023
Income received from related paty during the year
40.240
Page 23