One Walsall Ltd (A Company Limited by Guarantee) Annual Report and Financial Statements Year ended 31 March 2025 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 2025 Contents Page Reference and administrative details Report of the trustees Independent Examiner's report on the financial statements Statement of financial activities incorporating income & expenditure account Balance sheet 10 Cash flow statement Notes forming part of the financial statements. incorporating Statement of accounting policies 12 Other notes to the financial statements 15
One Walsall Ltd {A Company Limited by Guarantee) Reference and Administrative Details Trustees Peter Whitehead Chair Amritpal Singh Andre Reid Iresigned 14 June 20241 Nig21 Dutton Nordia Philpott Paul Mason {resigned 2 April 20251 Sandra Titter lappoinled 2 May 2025} Simon Harlin Sureya Gulzar (resigned 11 September 20241 Tery Gee {resigned 17 June 20251 Vice Chair Key management personnel Vicky Hines David Benge (resigned 31 March 2025) CEO Development manager Registered name One Wals811 Ltd Working name One Walsall Registered office One Walsall First Floor Offi$ The Table 33 Lower Hall Lane Walsall WS1 1F<R Charity nurmber 1074659 Company registratson number 03705372 Independent examiner Felton5 8 Sovereign Court 8 Graharn Street Birmingham B13JR Bankers CAF Bank Ltd 25 King$ Hill Ave Kings Hill Wesl Malling ME19 4JQ Unity Trust Bank PIC Nine Brindley Pla Bimiingh8m 812HB Page 1
One Walsall Ltd (A Company Limited by Guarantee) Report of the trustees Year ended 31 March 2025 The Trustees present their annual report together with the financial slalements of the charity for the year ended 31 Mah 2025 which also meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements Comply with the Charities Act 2011. the Companies Act 2006, the Memorandum and Articles of Association. and Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo 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 activlties Purposes and aims Our aim Is lo support a strong and vibrant volunlary and cornmunily sector in Walsall and lo encourage and grow local social action by supporting new and existing voluntary and community sector enterprises to.. Develop grow and sustain their activities for the future. Connect and collaborate with other organisalions and partners across seelors. Promote their impact and influence local decisions about the communities they serve. Encourage and support residents to take up volunteering and other forms of Community Action. We review our airns, objectives and activities each year lo identify the outcomes of our work in the previous 12 months. The review looks al the success of key activities and the benefits they have brought to the voluntary and comNnunily sector and lo the residents of Walsall more generally. The review also helps us lo ensure our aims, objectives and activities remain focused on our staled purposes We refer lo the guidance contained in the charity commission's general guidance on public benefit when reviewing our aims and obje¢lives and in planning our future activities and the Iruslees consider how planned adivilies will contribute lo the aims and objeclives they have sel. In 2024125, we developed our Ihree-year plan which has the following prior¢lies'. Supporting One Walsall members - One Walsall will work with ils members to achieve their ¢harilable goals and aspirations and help them lo maximise their polenlial. Volunteering One Walsall be a leadin9 strategic partner in promoting the value and benefits of volunteering and social action across the Borough. Partnership & Collaborative organisation opportunities with its members & key partners_ Resourceful, & Sustslnable organisation resourceful organisalion. One Walsall will foster and develop partnership and Collaborative One Walsall will ensu il is a strong. effedive, su3lainable and Achievement$ and perforwnance Supporting One Walsall members One Walsall's Articles of Associatior¢ slate that we work to promote any ¢harilable purposes for the benefit of Walsall and the surrounding areas to.. Build the capacity of the voluntary and cornmunity sector organisations. Promote. organise and facililale cooperation and partnership workin9. Provide them wlh the necessary support, information and services lo enable them to plrrsue or conlrrbule to any harilable purpose. The VDlunlaTy and community sector in Walsall is both broad and diverse. We support small, volunteer led Community groups with little formal structure and limited income and also larger charities with paid staff delivering services which may be commissioned or funded by external grants. The diversity of the sector Structure is mirrored by the diversity of services and activities Ihat il ¢Jelivers, which includes advice and information, education. SlIs. employment. financial inclusion, health and well-being, general social activities and phy5i¢8l activity groups. In Walsall, we are broadly in line with the national trends with most local organisations being small. Almost 2ts of those operating will have an annual turnover of less Ihan £100.000. Page 2
One Walsall Ltd {A Company Llmlted by Guarantee) Report of the trustees Icontinuedl Year ended 31 Mar¢h 2025 Supporting One Walsall members {eontinuedl To gain a beller understanding of the sector, One Walsall conducted a State of the Sector survey and received just over 100 responses. This represented a healihy tUrn of just under 40% of the membership. The survey contained rich information detailing the sector's perspective on a range of areas. The findings hlghlighled the sector's continued work wlh some of the most diverse and often marginalised communities in the Borough. In addition. the value il plaees on volunteering. The sector continues lo work within an ever Changing. unpredictable ecosystem where funding is limited and extremely ¢ompelilive. The survey reflected this with some respondents suggesting al the lime of completing the survey that they had beeen 6-12 months of income rernaining. wlh many bidding for additional funding. The effects of the eosl of living continues lo play its role with organisalions battling to maintain their work. The One Walsall team will use the key findings from the survey lo work with the sector and also to False the challenges il faces with key partners. The team has reviewed and revised the quèstions in the One Walsall Business Developrnenl Tool. The assessment helps organisalions lo review themselves and identifies areas for further improvement. The tool assesses various areas including slrate9ic planning. succession and impact. Suslainability eonlinues lo be 8 key theme for or9anisalions wlh a challenging funding landSpe. many operate on short term levels of income. Some organisalions raised their concems about irnpending cost increases of 6.7% relats.ng lo the national livino wage and the increase in employer Natsonal Insurance contributions INICS) ¢0 15%. beth effective from the start of the nèw financial year. In addition lo supporting members Ihrough the ltsol. One Walsall also used an opportunity lo demonslrale the effe¢liveness of the voluntary and community sector through rolling out a £30k health fttnded srnall grants Programme. The findings were captured in a Health Inequalilies programme report, which successfully brought together the worf¢ and impact of the 30 voluntary sector Organisalions. The report was taken lo a workin9 group of Walsall Together Partnership - the Population Health & Inequalities group, chaired by the Interim Director of Public Health. Walsall. The report was well received. The Innovation & Development Manager- Inlegraled Care Board thanked One Walsall for the reporL The proof of ConP1 of delivering a small impaclful 9ranls PTogramme around health ineqvalily was successfully achieved through this work and alihough well received, funding pressures neanl that no further funding has been identified to extend the work fvrther al this lime. Volunteering Since May 2024, One Walsall successfully registered 32 volunteers onlo our Supported Volunteering programme funded by the UK Shared Prospeiily Fund. 22 volunteers cornpleled the whole programme, which included 12 hours guided learning and securing a volunteer placement in 13 voluntary organisations in Walsall. This servicg was tailor made 10 5uII individual needs of our volunleers, helping them progress al their own pace and according lo their own capacity. 11 was apparent that some of the volunteers were dealing with various social, physical and mental health issues. One Walsall was able lo support them through individval session5 and through non-8ccrediled or accredited training where they were able lo gain a qualification. Due in part lo ils success the scheme was extended for an additional 3 monlhs bul sadly. al the end of Q4 the Supported Volunteering programme concluded. On a positive note, a celebratory event wa5 held for the volunteers and council officers lo rneel and share their experiences. All the volunteers who completed the pro9ramme. indicated they made good pro9res5 when they fed ba¢k at the end of their support. During the year 283 people registed an interest in becoming a volunteer with One Walsall. Over half of those expressed an interest in particular volunteering opportunities which were shared with organisalions. The most popular categories include adminislralion. social rnedial¢ommunicalions. gardening and general support. .4 During the reporting period, One Vvalsall was proud 10 5ucce55fully achieve the 3-year Investors in Volunteering quality mark. This 15 the UK quality standard for good practice in volunteer management. In addition lo volunteering. over the last 12 month5, One Walsall has been developing and slrenglhening a fruittul arrangement with the University of Wolverhampton- Phy5101herapy Department. As part of their course. Under and Post graduate students are able lo undertake a 6-week Leadership placement with One Walsall. More than a dozen sludents have wotked wlth One Walsall during the year, working on various important piece5 of work or being placed with voluntary and community organisations. For many this experience is a chance to widen their perspective when they eventually loin the workforce after their course and lo explore how they might interact with the voluntary and community sector. Page 3
One Vvalsall Ltd IA Company Limited by Guarantee) Report ofthe trustees (continued) Year ended 31 March 2025 Partnership and collaboration Throughout the year, One Walsall has been able lo explore a number of partnership and collaborative opportunilies. The following highlights a few exciting examples. One Walsall, in collaboration with the East VCSE Locality partnèr, Old Hall People Partnership agreed lo host Walsall's annual Homelessness Prevention Conference. The evenl10gk place al Manor Fam Communily Association. Approximately 100 people allended the event. There was a good mix of organisalions represented from Health, Council, Housing and the voluntary and community sectors. 12 organisalion5 held a sland sharing information about their work with 8llendees. The Conference was opened by the Leader of the Council and key note speakers provided the ¢)Jrrenl posibon on homelessness legislation. There was also information about regional and local implicats-ons. Delegates submitted questions prior lo the event which were raised with an expert panel. This included regional colleagues lo provide their thoughts and perspectives on the issues. Although Walsall does nol have a significant level of homelessness. there is a concern that with the cost of living and olher factors that this could lead to an increase. The event highlighted opportunib'es lo create beller connections beeen statutory se1¢5 su¢h as Mental Health and the Counal's Private Rented sector team. 11 also highlighted a lack of knowledge for many organisalions about who to si9np051 those they are working wilh i.e. people who are homeless, includes hidden homelessness. street sleeping. domestic abuse cases. Having brought some ol these inlèresling questions lo Ihe fore, One Walsall's CEO who is vice-chair of the Housing and Homelessness Steering group conlinues lo work wilh Health and Housing colleagues to lake fOard the key actions of the event. developing opportunities for the voluntary and community seGlor to play ils part in this important agenda. There are inleresung eapilal regenèration proposals on rhe horizon which will corne forward over the eoming years lo different parts of the Borough. One Walsall look on the secrelari8t role for Vvalsall's Cultural Compa¢1 in the previous financial year. Compacts are designed to support the local cultural se¢lor and enhance ils ¢onlribution lo development. There 15 a special emphasis placed on cross-seclor engagement beyond the cultural sector ilself. bringing in the local authority and other wider parlneis. Walsall's Cultural Compact is an independent body which consists of a diverse group of public, housing, voluntary sector partners as well as organisalions and freelancers from the creative sector. One Walsall led the exercise in developing Walsall's Cultural strategy securing funding from the Arts Council. preparing the strategy brief and facilitating the process lo recruit the consullanls. One Walsall supported the eonsullanls in engaging the key or9anisalions lo be involved in this work. A number of ¢onsullalion sessions with statutory. community and creative organisalions tDDk place. The Consullanls produced a strategy with key priorities which received approval towards the end of the reporting pertod. As a partner lo the Borough's Cultural Development Fund. the Cultural Compact supported the Makerfesl. One Wa15all was thrilled to lake part in the programme. eonlribuling 25 volunteers who took part in the event, which was highly entertaining showcasing Ihe arts and creativity. DurirvJ Ihg latter part of the year. Creative Black Country approached One Walsall to partner on an arts related lender funded by the Comrnonweallh Games underspend. Once approved, One Walsall was able lo roll out a £25k small gran15 programme. The small grants programme received 30 appli¢alions. Thi5 enabled 5 organi5alions lo bid lor up to £5k for fantastic artslcullural related projects which were deliVed by the end of the calendar year. Black Country Health Care Tru51 have funded a groundbreaking, and innovative mental health programme ulilising th¢ skllls and expertlse of the voluntary and community sector lo provide a service. The region's Talking Therapies plus programme began ils 12- rnonlh journey during the reporting period. One Walsall is the lead for th15 Borough. supporting 7 organisalions to roll out their wcsrk. The is a particular focu5 on mental health inlervenlions for under-represented groups. The Trust has seen th¢ value in the voluntary and community seclor delivering this work with a significant number of people from diverse communities being supported. By fhe end of Ihe reporting period. nearly 400 people had received supporL The service will continue inlo the next financial year and il is hoped that furthei mulli-year funding Gan be secured. Page 4
One Walsall Ltd (A Company Limited by Guarantee) Report of the trustees (continued) Year ended 31 March 2025 Belng resourceful and financially secure organisation The funding landscape continues lo be very Challenging for the sector. 11 is apparent that public sector budgets remain under slgnificanl levels of pressure, which has meant a decrease in the levels of funding available. One Walsall continues lo explore opportunities to widen and diversify its income. During the year there have been opportunities to meet our objectives ulilising medium sized funding streams via external funding sources. One Walsall is also growing a self-funding model. developing consultancy type services lo enable il lo become self-suslaining over the longer term. This includes the Impact element of ils work. The voluntary and comrnunily sector is being ealled on lo evidence ils work by funders and commissioners and for a number of organisalions One INalsall has been able lo support Ihern. producing evaluation or end ol programme reports. One Walsall also recognises the importance of good quality data and inforrnalion. The conlraclual term for ils ¢ase rnanagernenl System comes lo an end al the close of the financial year. After undertaking some market research. a new system will be sourced, which is more cost effective and user friendly. 11 wll be installed in the new financial year and will provide better opportunities lo provide data rich reports on all aspects of One Walsall's work. Structures governance, and management overnin Document One Walsall Ltd. is a company limited by guarantee governed by ils Memorandum and Articles of Association dated 18 April 2018 and is registered as a ¢harily wth the Charity Commission. There are ¢urrenUy 280 rnembeis, each of whom agrees lo contribvle £1 in the event of the charity winding up. Membership is open lo nol-for-profil organisalions with charitable aims which opèrate within Wa15all and are in support of One Walsall's mission and objects. Recruitment and a oinlmenl of trustees We recruit new Iruslees lo ensure our board has the range of skills and experience to meet the needs of the organisalion. Trustees are appointed by ordinary resolution al a General Meeting or by a decision of existing Iruslees. Board of Trusteè Meelin Our Board of Trustees adhere lo a robust governance process by eommilling lo meet on a quarterly basis, together with calling extraordinary meelin9s as and when required. Trustee allendance and contribution for ihese meetings is monitored and reviewed lo ensure the Board 15 acting effectively. The work of the Board includes regular review of the organisalion's risk register and ensvrin9 there are rigorous reviews of the charily's accounts. A HR sub committee meets in support of all One Walsall's HR processes. A Finance subgroup also meets to review and oversee One Walsall's charity a¢¢oun15 and provide support with business planning. Trustee Inducbon and Trainin Most Iru51ees are familiar with the practical work of the charily as they are drawn from the membership of the organisation and some have been in receipt OF our services al one time or another. New trustees are provided with an induction lo the organisation, delivered by the Chair of the Board of Trustee5 and Chief Executive. which covers the ¢urrenl context the organi5alion gperales in, the key areas of servTce delivery. and the main documents which sel out the charivs operational and governan framework. including.. Memorandum and Articles Mission statement and strategic plan Conflict of Interest Policy and Procedure Trustee role description. code of eondvcl and eonlracl In addition, new trustees are directed lo the relevant advice and guidance of the Charity Commission and are invited to attend any relevant training. which will support orienialion lo their role. Page 5
One Walsall Ltd IA Company Limited by Guarantee) Report of the trustees Icontinuedl Year ended 31 March 2025 Structurep governance, and management Icontinuedl anisa I Structure The Board of Tiuslees, which can have up lo 12 member5. adrninislers the charity. The Board meets quarterly to manage the affairs of the organisation. to formulate and approve policy, and sel the overall strategic direction. Sub<omfflillees rneel as and when required lo cover governance mallers in greater detail in areas such as human resources. The day lo day responsibility for the piovision of service remains with the Chief Executive Officer along with Developmenl Manager and offi Manager. Related arties The charity has a close relationship with other voluntary sector infraslruclure organisalions in the fegion, and acts in collaboration with them lo establish strategies for the benefit for the voluntary and community seclor in Walsall. One Walsall is a member of the National Association for Voluntary and Community Action (NAVCAI and the National Council for Voluntary Organisalions {NCVOI. In 2013. One Walsall became one ol the four rnembers managing Black Country Together CIC. an associated company 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 lo increase the level of funding secured by the voluntary and community sector wilhir) our sub-region and foster greater cooperation and collaboration beeen voluntary organisalions and local statutory agencies both within and aeross borough boundaries. Finan¢ial review During the year, One Walsall has eonlinued lo redu its costs Whe possible. Salaries are the main expenditure and if any vacancies aro)se, they have not been filled. Securing additional funding remains a priority. bul the landscape remains very compelilive. In December 2023. One Walsall secured monies from the Nalional Lollery Community Fund. One Walsall has continued lo apply for funding lo rneel core costs. In diversifying ils incomé in order to become more suslainable, One Walsall is steadily developing its Consultancy and income generating opportunitiès. These will continue lo evolve into the new financial year. Reserves olic The Trustees have reviewed the charity's need5 for reserves in accordance with the guidance issued by ihe Charity Commission. The tru51ees believe that the charily should hold linanThal reserve5 because il is dependent for much of ils income on short and medium-lerm grants. These grants are subject to flucltjalion and delay and the charity require5 protection again51 these yncertainbes and the ability to continue operating de5Plte gaps in future income. The trustees have decided that due to a smaller staff establishment, reduod polenlial redundancy cosis ancl Teduced risk lo members in terms of ongoing support that the reserves policy can be sel lo 3 months operating costs. This provides One Walsall with more financial flexibility in the short term. Investment olic The trustees having regard to liquidity requirements ol the charity and Ihe reseNes policy described in the Iruslee's report, have operated a policy of keeping available fund5 in an interest bearing deposit account. Goin can¢er The financial slalements have been prepared on a going concem basis. The Iruslees believe this is appropriate with the current situation. However. there are some ¢on¢erns over the future level of funds held and the expected level of income. The charity is currgnlly identifying suitable funders lo help alleviate our shortfall in Core funding. Applications lo other funders conlinve lo be submilled. The future ability of the charity is dependent on being successful in future applicatlons. As il stands now the trustees believe adopting the going concem assumption is appropriate. Page 6
One Walsall Ltd IA Company Llmited by Guarantee) Report of the trustees (continued) Year ended 31 March 2025 Pln8 for tho future- Looklng fvnvard MDving forward inlo the financial year, One Wa15aN remalns commliiod to wothlng lo slrengthen gr support ils memb8rs. Secuttng the Nalional Loitery Communlty lundlng has been plvotal and has enabled the organisallon lo lake a bespoke approach In Is work and lo tske a 9ater leadershlp role. As rnentson8d previously. the economic and funding outlook 1omaln5 unpredic(able and unselll¢d. 11 is evident th81 pathership end collabordlion YAII be required evar more a5 lundors and commlsBloners alika grapple vth limited lonterm funding. In IhÉ n2w ffnanctal year. One Wals811 has developed its 3 yeaf plan and $ exploJTng ways to develop Its rnembers, prforluse partnership and collaboraifve opportunille5 and serAJie further fundlng to sustain 115 luiure wort- ttlls includes developln9 sell-fundlng oponS. One Walsall wlll eontlnue to add value, u51ng Ib ptattomi to prorn0 aud bulld those warksng in Ihe Voluntsry and rommunity 5ecior wlio work wilh 50me of the most vulneiable people living In Ihe 8orough. Therewlll bo oppoflunilies forone Walsall to be involved In major pietts of work whÈr8 il can test&leain, shar8 learnlng and Inform best pracuce. Thls wport has been prepared in ?ccord8nce wSlh the Special pmisions ol Part 15 of thg Companles Act 2006 reiabng lo small companies. By order oflhe board of truslees. PeterWhilehBad Chair Dale. Page 7
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 Ihe accounts of the company for the year ended 31 March 2025 which are sel out on pages 9 to 21. 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 ofthe accounts in accordance with the requirements oflhe Companies Act 2006 {'the 2006 Act,). 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 my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'}. In carrying out my examination, I have followed the Directions given by the Charity Commission under section 14515)(b) of the 2011 Act. Independent examlner's statement Since the company's gross income exceeded £250,000, your examiner musl 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 examinaticn. 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 respect 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 other 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 accounts have not been prepared in accordance with the methods and principles of the Statemenl of Recommended Piaclice 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 acros5 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 to be reached. eÉe_ David W Farnsworth FCA (Senior Statutory Auditor) For and on behalf of Felton5 8 Sovereign Court 8 Graham Street Birmingham B13JR Page 8
One Walsall Ltd (A Company Limited by Guaranteè) statement of financial activities (including income and expenditure accountl for the year ended 31 March 202S Unrestrictsd Designated Restricted funds fund fund$ Total 2025 Total 2024 Notes Income Donations and legacies Income from chan-lable aclivifyes.. Talking Therapies Plus Volunlary and Social Enterprise Support Mossley Big Local Walsall Makes Cullural Strategy One PalfY Big Local UKSPF- Connecting Our Communities Heallhy Communities Together Inlemalional Women's Day Comrnonwealth Activity Conne¢lors Winter Pressures calIve Black Country VCSE Leadership Piimary Care Ambassadors Walsall Cultural Compa¢1 NHS Heallh Inequalilies Core Grant IWMBCI Volunteering Future5 Core Granl INHS8C ICBI Kick Off Call Others 62 55 8,250 122.449 112.997 4,151 25,075 18.800 17,275 17,363 10,000 130.699 112,997 46.307 30,000 18,800 18,138 17,363 10,000 8,000 7.000 6,684 6,000 2,500 2,000 1.480 30,024 123,588 42,156 4.925 863 100.196 8.000 7.000 3.048 40.260 3,636 6,000 2,500 3,500 s.000 2.000 1,480 13.320 39.188 8,333 4.670 4.167 3.750 7.084 2.779 3.129 5.908 Income fmm trading activitS.. Coniracts for services Student placement Training Others 15,S60 11.839 2,658 788 15.560 11.839 2,658 788 3,230 192 Inveslment income 6,201 6.201 5,565 Total incom¢ 116.217 344.767 460.984 392.122 Expenditure Cheritable aclwilies.. Operational and support cosls 161,328 348.233 509,S61 S26,402 Total oxpendlture 161,328 348.233 509,561 526,402 Not expenditure before transfers {45.111) 13.466) 148,5771 {134,2801 Gross Iransfers between funds 13 26.539 130,0051 3,466 Net movement In fund$ {18,5721 {30.iXJ5) (48.577) 1134,2801 Reconclllatlon of funds Total funds brought fornard 13 66,345 100.005 166.350 300,630 Total fLtnds cèrried forward 47,773 70.000 117.773 166,350 All of the charitys activities derive from continuing operalions durfng the above Iwo financial perfods. Page 9
One Walsall Ltd IA Company Llmlted by Guaranloel ompany Number". 03705372 Balance sheet as at 31 March 2025 I Charity number: 1074659 202S 2024 Noles Flxed assets Tangible assets urrent as80ts Deblois Cash at bank and In hand 10 26.126 391,859 417,985 3,388 451,356 454,748 Creditors- aTnounts falllng due withln one ye4r 300.212 288,396 Net current assets 117,773 186.350 Net a55e15 117.773 166.3SO Funds ofthe charfty: RestriGted fund$ General fund 13 Unrestrlcted funds General fund De2lgnaled fund 13 13 47,773 70.000 66.345 100,005 117.773 166.350 Total funds 117.773 166,350 The company Is entlued lo exemplion from audll under Sectlon 477 ot the Companles Act 2006 for Ihe year ended 31 March 2025. The members have not requlied Ihe company lo oblaln an audit of Ils financlal stalemenls for Ihe year ended 31 March 2025 In accordance wllh Secllon 476 of Ihe Companles Act 2006. The direcl¢yS acknowledge thelr respon8lb1lleS for. a) ensurfng that the Company keeps accounllng records whtch complywilh Secllons 388 and 387 of the Companle Acl 2006 and b) preparing financlal 51alemenls whlch glve a true and falr vlpw of the slate of affairs of the company as 41 the end of each flnanclal year and of Ils surplu5 or Ileficll for each financial year In accordance wllh Ihe requirements of Secllons 394 and 395 and which olherwlse comply wÈlh Ihe requirements cl the Cornpanles Act 2006 Felaling lo ftnanclal slalemenls, so far as applirnble lo Ihe company. These accounls have been prepared In occordan¢e with Ihe spedal provlslons of Part IS oflhe Cornpanles Act 2006 relallng to small companle$. The note5 on pages 1210 21 form part of Ihese accounts. The ftnanclal slalements were approved by Ihe board ol Iruslees on . by: and were slgned on lis behalf Pelerwhilehead (Chair) Page 10
One Walsall Ltd (A Company Limited by Guarantee) Statement of cash flows for the year ended 31 March 2025 Notes 2025 2024 Cash flow from operating activities 16 (65,700) {75,698) Net cash flow from operating activities 65,700) (75.6981 Cash flow from investing activities Interest received 6,201 5.565 Net cash flow from investing activities 6,201 5,565 Net decrease in cash and cash equlvalents (59.499) {70,133) Cash and Cash equivalents at 1 April 2024 451.358 521,491 Cash and cash equivalents at 31 March 2025 391.859 451,358 Page11
One Walsall Ltd (A Company Limited by Guarantee) Notes to the financial statements for the year ended 31 March 2025 1. Accountlng policies al 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 the UK and Republic of Ireland issued in October 2019, the Flnancial 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 charity constitutes a public benefit entity as defined by FRS 102. The financial statements are prepared under the historical cost convention unless olhetNrise stated 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. bl Going concern The financial statements have been prepared on a going concern basis. The trustees believe this is appropriate with the current situation. However. there are some concerns over the future level of funds held and Ihe expected level of income. The charity is currently identifying suitable funders to help alleviate our shortfall in core funding. Applications to other funders continue to be submitted. The future ability of the charity is dependent on being successful in future applications. As it stands now the trustees believe adopting the going concern assumption is appropriate. c) Income recognition Ail incoming resources are included in the Statement of Financial Activities (SOFA) when the charity Is legally entitled to the income after any perfoTmance conditions have been met, the amount can be measured reliably and il is probable that the income will be received. Grants receivable Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but 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 creditors as deferred income. Where entitlement occurs before income is received. the income is accrued. Donations Donations are reco9nised on a receivable basis where there is certainty of receipt and the amount can be reliably measured. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained Ihen income is deferred until Ihose conditions are fully met or the fuifilment of those condition5 15 within the control of the charity and it is probable that they wlll be fulfilled. Donaled services and gifts in kind Donated facilities and donated professional services are recognised in income al thelr 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 willing to pay in the open market for such facilities and seNices. A corresponding amount is recognised in expenditure. Page 12
One Walsall Ltd (A Company Limited by Guarantee) Notss to the financial statements for the year ended 31 March 2025 (continued) 1. Accounting policies (continued) c) Income recognition {continued) Gifts in klnd Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not deferred over the life of the asset. Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity,. Ihis is normally upon notification of the interest paid or payable by the bank. other income Other income, inGluding the hire of facilities, is recognised in the period il is receivable and to the extent the goods have been provided or on completion of the seNice. dl Expenditure 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 conslruclive obligation lo make payments to third parties, it is probable that Ihe settlement will be required and Ihe amount of the obligation can be measured reliably. It is categorised under the following headings.. Costs of generating funds These are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. Charitable activities 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 altribulable lo the trust's compliance with constitutional and statutory requirements. including strategic management and Irustees, meetings and reimbursed expenses. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. e) Fund accounting Unreslricled fvnds 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 al their discretion to set aside lo use for a specific purpose. RestriGted funds are donations which the donor has specified are lo be solely used for particular aa$ of the charity's work or for specific artistic projects being undertaken by the charity. 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 particular headings they have been allocated to cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out In note 5. Page 13
One Walsall Ltd (A Company Limited by Guarantee) Notes to the financial statements for the year ended 31 March 2025 (continued) 1. Accounting policies {continued) g) Tangible flxed assets Tangible fixed assets are staled al cost lor deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable lo making the asset capable of operating as intended. Depreciation Is provided on all langible fixed assets. at rates calculated 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 25 % 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 nel 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 2 short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. j) Liabilitie5 Liabilities are recognised when there is an obligation al the balance sheet date as a result of a past event, il is probable that a Iransfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilitie5 are recognised at the amount that the charity anlicipales il 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 def5nition of a charitable company for UK corporation tax purposes. m) Penslon benefits The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable. n) Critical accounting estimates and areas of judgement Eslimales and judgements are continually evaluated and are based on historical experience and other factors, including expectstions of future event5 that are believed to be reasonable under the circumstances. There are no critical accounting estimates or areas of judgement. Page 14
One Walsall Ltd (A Company Llmited by Guarantee) Notes to the financial statements for the year ended 31 March 2025 (Continued) 2. Donations and legacies Unrestrieted Restrlcted funds funds Total 2025 Total 2024 Donations 62 62 55 62 62 55 3. Investment Income Unrestricted Restricted funds funds Total 2025 Total 2024 Deposit account interest 6,201 6,201 5,565 6,201 6,201 5,565 4. Expenditure on charitable activities Core Activities Specific Projects Totsl 2025 Total 2024 Operational and support costs Staff costs Project Gosts Motor and travel Premises costs Promotion and marketing Support costs (see note 5) Governance costs (see note 51 252.821 252,821 224,364 380 6.584 3,346 20.480 1.586 276.832 212,282 257 6,161 2,490 17,496 10,884 224.364 380 6,584 3.346 20.480 1.586 285.197 224.364 509.561 526,402 Total expenditure on charitable aclivilie5 was £509,561 {2024 £526,402) of which £161,328 {2024 £220,914) wa5 unrestricted and £348,23312024- £305.488) was restricted. Page 15
One Walsall Ltd (A Company Limited by Guarantee) Notes to the financial statements for the year ended 31 March 2025 {¢ontinued) 5. Analysis of supportand governance costs Basls of allocation General support Governance function Total 2025 Total 2024 Training and recruitment Infomation technology General office costs Bank charges Independent examinerfs fee Legal and other professional Staff time Usage Usage Usage Governance Governance 2,487 9.567 8,294 132 2,487 9.567 8,294 132 2,286 1700} 151 10.014 7,196 135 2.334 8.550 2,286 {7001 20.480 1.586 22.066 28.380 6. Net income for the year Nel income 15 stated after charging: Total 2025 Total 2024 Operating lease rentals Office equipment 961 1,543 7. Trustees and key rnana9ement personnel remuneration and expenses During the current and previous year, no trustees ceiVed any remuneration nor any benefits in kind. During the current and previous year, no trustees reiVed any reimbursement of expenses. The charity considers it5 key management personnel ¢ornprise the Chief Executive Officer and the Development Manager las shown on page 1). The total amount of employee benefits received by key management personnel was £77,533 {2024- £77.533). Page 16
One Walsall Ltd (A Company Llmited by Guarantee) Notes to the financial statements for the year ended 31 March 2025 (continued) 8. Analysls of staff costs and numbers staff costs . Total 2025 Total 2024 Wages and salaries Social security costs Defined contribution pension s¢heme 231,695 14,512 6,614 252,821 252,986 16.339 7.507 276.832 No employees received total employee benefits of more than £60,000. staffnumbers ". The average monthly number of ernployees and full lime equivalents during the year was as follows '. 2025 Nurnber 2025 FTE 2024 Number 2024 FTE Charitable activities Adminislralive Management 12.0 12.0 9. Tangible fixed assets Fixtures & fittings Total Cost At 1 April 2024 and al 31 March 2025 131.219 131.219 Depreciation At 1 April 2024 and at 31 March 2025 131,219 131.219 Net book values Al 31 March 2025 Al 31 March 2024 Page 17
One Walsall Ltd (A Company Limited by Guarantee) Notes to the financial statements for the year ended 31 March 2025 (continued) 10. Debtors Totsl 2025 Total 2024 Debtors from operations Prepayments and accrued income Other debtors 17.386 8,240 500 26,128 280 3,108 3.388 11. Creditors - amounts falling due within one year Total 2025 Total 2024 Creditors from operations Accruals and deferied income Other creditors 2,539 280.035 17,638 300,212 6,690 215.647 66.059 288.396 Deferred income Deferred income al 1 April 2024 Resources deferred in the year Amounts released from previous years Deferred incorne at 31 March 2025 206,713 434.873 1364,2891 277,297 216,727 284.910 {294.924) 206,713 At the balance sheet dale, the charity was holding fund5 received in advance where the qualifying expènditure is expected to be incurred in a future year. 12. Commitments under operating leases At 31 March 2025, the charity was committed lo making the followng payments under non-cancellable operating leases Other Totsl 2025 Total 2024 Within one year Within 0 lo five years inclusive 600 1,859 1.859 500 2,001 2,501 Page 18
One Walsall Ltd (A Company Limited by Guarantee) Notes to the financial statements for the year ended 31 March 2025 (continued) 13. Analysis of funds Balance at 1 April 2024 Balance at 31 March 2025 Incomlng resources Resources expended Transfers Restricted general funds Healthy Communities Together Mossley Big Local One Palfrey Big local Palfrey Plus Winter Pressure5 Commonwealth Activity Connectors UKSPF- Connecting Our Communities Walsall Make5 Walsall Cultural Compact Talking Therapies Plus Primary Care Ambassadors Cultural Strategy Voluntary and Social Enterprise Support Women's Health Hub 10,000 4.151 17,275 1,363 3.048 7.000 17,363 25,075 1,480 122,449 2.000 18,800 112.997 1.766 344.767 110,000) 14.1511 (17,2751 {1.363} 13.0481 18,210) (17.363} {25.0751 13.736) (122.4491 12,0001 (18,8001 (112.997) 11.7661 {348.233 1.210 2,256 3.466 Unrestricted funds General fund Designated funds: Operating Reserve Ilhree months} Youth Engagement (legacy) 6S,345 116,217 (161,328) 26,539 47,773 95,000 5.005 {25.000} (5.0051 70,000 166.350 116.217 1161.328) {3,466} 117.773 Total funds 166,350 460,984 (509.561) 117.773 Name offund Descrlption, nature and purpose of fund Restricted general fund Money given to the charity where the donor requires that a grant 01 donation be spent for a specific project. Unrestricted general fund The free serveS of the charity which are not designated for parb'cular purposes. Designated fund Unrestricted income for which the trustees have designated a particular purpose. It was decided by the board lo rlngfence an unrestricted legacy and spend it on the now unfunded Youth Engagement project. During the year, the brought forward balance of £5,005 was transferred to general unrestricted funds. Page 19
One Walsall Ltd IA Company Limited by Guarantee) Notes to the financial statements for the year ended 31 March 2025 (continued) 14. Analysis of net assets between funds Fund balances at 31 March 2025 are represented by.. Unrestricted Designated funds funds Re$tri¢ted funds Total funds Current assets Current li8bililies Total net assets 76.707 28,9341 47.773 70,000 271,278 271.278) 417,985 300.2121 117,773 70.000 15. Capltal commitments There were no capital commitments al either 31 March 2025 or 31 March 2024. 16. Reconciliation of net income to net cash flow from operating activities Total 2025 Total 2024 Nel income for the year Interest re[Vable Decrease in debtors Increase in creditors 148.5771 {6,201) (22.738} 11.816 (134.280) 15,5651 6.748 57.399 Net cash flow from operating actlvities 165,7001 175,6981 17. Related party transactlons The following related party transactions took place during the period-. Black Country Together CIO CIO in which One Walsall Ltd is a member {previously CIC. converted January 20251 2025 2024 Income received from related party during the year Expenditure lo related company during the year Amount due from related company at year end 45,500 53,594 4,250 250 The Mindkind Project cic CIC in which Sureya Gulzar (trustee, resigned 11 September 2024) is a director 2025 2024 Income received frorn related paty during the year 12,450 Page 20
One Walsall Ltd {A Company Llmited by Guarantee) Notes to the financial statements for the year ended 31 March 2025 (continuedl 17. Related party transactions Icontlnued) Restoration Therapy Ltd Private limited company In which Nordia Philpott {trusteel is a director 2025 2024 Expenditure lo related company during the year 37.513 Mettaminds CIC Community Interest Company in which Amritpal Singh ltruslee) is a director 2025 2024 Income received from related party during the year Expenditure lo related company during the year 100 13.405 Page 21