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 Ma￿h 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. S￿lIs. 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 be￿een 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 landS￿pe. 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 Con￿P1 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 registe￿d 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 be￿een statutory se￿1¢￿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 fO￿ard
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 deliVe￿d 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 be￿een 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
Pl*n8 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 9￿ater 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 v￿th limited lon*term 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 op￿onS.
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 Palf￿Y Big Local
UKSPF- Connecting Our Communities
Heallhy Communities Together
Inlemalional Women's Day
Comrnonwealth Activity Conne¢lors
Winter Pressures
c￿alIve 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 activit￿S..
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 respon8lb1ll￿eS 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 a￿a$ 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 re￿iVed 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