Registered number: 03431322 Charity number: 1075356
WOLVERHAMPTON FRIENDSHIP CENTRE 050
(A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
WOLVERHAMPTON FRIENDSHIP CENTRE 050
(A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the company, its Trustees and advisers | 1 |
| Trustees' report | 2 - 4 |
| Trustees' responsibilities statement | 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 - 9 |
| Notes to the financial statements | 10 - 20 |
WOLVERHAMPTON FRIENDSHIP CENTRE 050
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2024
Trustees
Mrs Janet Beddoes Mrs Mavis Sullivan, Vice Chair Mrs Petra Wielgsosz, Treasurer Mrs Joan Parks Mrs Jacqueline Hodgkiss Mrs Jeanne Lamont Mr Colin Patrick Hayes Mrs Carole Craddock, Chair Mrs Jane Tonks (appointed 1 August 2024)
Company registered number
03431322
Charity registered number
1075356
Registered office
14 Holberg Grove Wednesfield Wolverhampton West Midlands WV11 3LE
Accountant
JMS Accountants Ltd 172 Lawnsowood Road Stourbridge DY8 5LW
Bankers
Lloyds Wolverhampton WV1 1TF
Page 1
WOLVERHAMPTON FRIENDSHIP CENTRE 050
(A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024
The Trustees present their annual report together with the financial statements of the Wolverhampton Friendship Centre 050 for the 1 October 2023 to 30 September 2024. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and Activities
The objectives of the charity are to promote the provision of social welfare, recreation and other leisure time activities for persons over the age of 50 within the area of benefit. In pursuit of these objectives the WFC050 currently organises regular activities which take place on a weekly basis, some seasonal and some throughout the year. In addition to activities the charity organises a number of day trips, evening entertainment and social events including the Annual Christmas party.
Structure, Governance and Management.
The WFC050 is a charity constituted as a company limited by guarantee. Our organisation and principle activities are, therefore, governed by our Memorandum and Articles of Association.
The business of the charity is managed by a Board of Directors which meets monthly. The financial position of the charity and any other financial operational matters are discussed at these board meetings. Directors are recruited from within the WFC050 membership by nomination, invitation or as volunteers. There are currently 8 members of the Board.
The day to day running of the activities is carried out by Activity Organisers who are responsible to the Board of Directors. Some Directors are, in fact, also Activity Organisers. The Board of Directors in conjunction with the Organisers, have drawn up procedures for the setting up and running of the various activities and regularly monitor and review them. Activity leaders now report on an ad hoc basis to the Board as needed.
There is now one sub-committee which reports to the Board enabling Directors to ensure that procedures are implemented.
- a) The ‘One-Off Events’ Sub-Committee organises a wide range of entertainment for members, approximately one event per month. The group share the work load and the committee continues to work successfully.
Our policies, both financial and operational, have been reviewed during the current year and The Board considers that the policies and procedures currently in place suitably manage the risks to which our organisation is exposed.
Public Benefit
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Achievements and Performance
The increase in the cost of living and in particular the increases in energy and fuel costs have had an effect on
Page 2
WOLVERHAMPTON FRIENDSHIP CENTRE 050
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
attendance at our activities and one-off events. A number of members decided not to renew their memberships this year and others have been more selective in attending activities and events. Our membership currently stands at 300 members.
Nevertheless, we held a full year programme of events, including a very well attended Christmas Party as well as two quizzes, Friendship Singers concerts, a musical evening and several successful afternoon speaker events. Day trips have included visits to Buxton and Bakewell, Bridgemere Garden Centre and Oxford. Whilst there was a low uptake for offered holidays in 2024, members who attended enjoyed their experience and therefore plans are in hand to offer similar holidays in the coming year.
The charity currently offers 16 different activities including Art, Indoor and Ten Pin Bowling, Tai Chi, Keep Fit, Line Dancing, Zumba, Woodwork, and Scrabble. We also offer activity taster sessions which allow us to anticipate demand and costs if appropriate. Regrettably, our walking group has been discontinued due to lack of demand. The Beginners Line Dancing class has been a success with the class currently growing in popularity. A new Portraiture group has been introduced, together with a Whist Drive.
Our choir meets regularly and has planned concerts for the new financial year. The monthly pub lunches, which are well attended, will continue in the coming year.
There was a small increase to the costs of some of our activities during the financial year due, in the main, to the increase in room hire costs.
Future Plans
We will continue to use several venues in Wolverhampton and Bilston for our activities and events, The Pavilion, (formerly Goodyear Pavilion), Bradmore Community Centre, Lunt Community Centre, the Windmill Community Hub, Pendeford Community Hub and Church of the Epiphany.
Our art group will continue to be promoted at Wolverhampton Art Gallery and local churches. Our website will be upgraded and a new Facebook page has been set up, which will advertise events and activities.
Our One-Off Events Sub-Committee will continue to arrange events throughout the year and it is hoped that we can recruit more of our members to the committee and in the long term to our Board.
Membership cost has remained the same for the past 7 years and Board members have, reluctantly, agreed that due to increased costs, the amount charged will be increased from £10 to £12 per person from 1 January 2025.
FINANCIAL REVIEW YEAR ENDING 30 SEPTEMBER 2024
The year under review shows a surplus of £1,532, 2022/23 deficit of £927.
Overall our annual income increased from £22,214 to £38,828 Our expenditure increased from £23,341 to £37,296.
Reserves Policy
Our reserves currently stand at £21,050 in the deposit account and will remain so for next year with an additional quarterly bank interest being accrued. The current account balance stands at £13,938.
Approved by order of the members of the board of Trustees on 18 December 2024 and signed on their behalf by:
Page 3
WOLVERHAMPTON FRIENDSHIP CENTRE 050
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
Mrs Carole Craddock (Chair)
Page 4
WOLVERHAMPTON FRIENDSHIP CENTRE 050
(A company limited by guarantee)
STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024
The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 18 December 2024 and signed on its behalf by:
Mrs Carole Craddock (Chair of Trustees)
Page 5
WOLVERHAMPTON FRIENDSHIP CENTRE 050
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024
Independent examiner's report to the Trustees of Wolverhampton Friendship Centre 050 ('the company')
I report to the charity Trustees on my examination of the accounts of the company for the year ended 30 September 2024.
Responsibilities and basis of report
As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the 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 the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
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 Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.
Signed: Dated: 18 December 2024 Melissa Smith CIMA dip MA, MAAT
172 Lawnswood Road, Stourbridge, DY8 5LW
Page 6
WOLVERHAMPTON FRIENDSHIP CENTRE 050
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2024
| Note Income from: Donations and legacies 3 Charitable activities 4 Investments 5 Total income Expenditure on: Charitable activities 6 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2024 £ - 38,410 418 38,828 37,296 37,296 1,532 34,147 1,532 35,679 |
Total funds 2024 £ - 38,410 418 38,828 37,296 37,296 1,532 34,147 1,532 35,679 |
Total funds 2023 £ 596 21,552 266 22,414 23,341 23,341 (927) 35,074 (927) 34,147 |
|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 10 to 20 form part of these financial statements.
Page 7
WOLVERHAMPTON FRIENDSHIP CENTRE 050
(A company limited by guarantee) REGISTERED NUMBER: 03431322
BALANCE SHEET AS AT 30 SEPTEMBER 2024
| Note Fixed assets Tangible assets 10 Current assets Debtors 11 Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds 14 Unrestricted funds 14 Total funds |
330 34,988 35,318 (595) |
2024 £ 956 956 34,723 35,679 35,679 35,679 - 35,679 35,679 |
295 33,882 34,177 (320) |
2023 £ 290 |
|---|---|---|---|---|
| 290 33,857 |
||||
| 34,147 | ||||
| 34,147 | ||||
| 34,147 | ||||
| - 34,147 |
||||
| 34,147 |
Page 8
WOLVERHAMPTON FRIENDSHIP CENTRE 050
(A company limited by guarantee) REGISTERED NUMBER: 03431322
BALANCE SHEET (CONTINUED) AS AT 30 SEPTEMBER 2024
The company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 18 December 2024 and signed on their behalf by:
Mrs Carole Craddock (Chair of Trustees)
The notes on pages 10 to 20 form part of these financial statements.
Page 9
WOLVERHAMPTON FRIENDSHIP CENTRE 050
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
1. General information
The WFC050 is a charity constituted as a company limited by guarantee. Our organisation and principle activities are, therefore, governed by our Memorandum and Articles of Association.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Wolverhampton Friendship Centre 050 meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
Page 10
WOLVERHAMPTON FRIENDSHIP CENTRE 050
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
2. Accounting policies (continued)
2.5 Tangible fixed assets and depreciation
Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following bases:
- Fixtures and fittings 10% Straight line - Office equipment 33% straight line
2.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.9 Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Page 11
WOLVERHAMPTON FRIENDSHIP CENTRE 050
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
2. Accounting policies (continued)
2.10 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
3. Income from donations and legacies
| Unrestricted funds 2024 £ Donations - Total 2023 596 |
Total funds 2024 £ - 596 |
Total funds 2023 £ 596 |
|---|---|---|
4. Income from charitable activities
| Unrestricted funds 2024 £ Income from charitable activities - Membership subscriptions 3,020 Income from charitable activities - Meetings and activities 34,965 Income from charitable activities - Gift Aid 425 Total 2024 38,410 Total 2023 21,552 |
Total funds 2024 £ 3,020 34,965 425 38,410 21,552 |
Total funds 2023 £ 3,060 18,077 415 |
|---|---|---|
| 21,552 | ||
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WOLVERHAMPTON FRIENDSHIP CENTRE 050
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
5. Investment income
| Unrestricted funds 2024 £ Investment income 418 Total 2023 266 |
Total funds 2024 £ 418 266 |
Total funds 2023 £ 266 |
|---|---|---|
6. Analysis of expenditure on charitable activities Summary by fund type
| Unrestricted funds 2024 £ Meetings and activities - Direct costs 30,198 Meetings and activities - Support costs 7,098 37,296 Total 2023 23,341 |
Total 2024 £ 30,198 7,098 37,296 23,341 |
Total 2023 £ 16,343 6,998 |
|---|---|---|
| 23,341 | ||
Page 13
WOLVERHAMPTON FRIENDSHIP CENTRE 050
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
7. Analysis of expenditure by activities
| Meetings and activities Direct costs Meetings and activities -Support costs Total 2023 Analysis of direct costs Room hire Refreshments Admissions, Coaches etc Equipment purchase/repair Tutors pianists etc Total 2023 |
Activities undertaken directly 2024 £ 30,198 - 30,198 16,343 |
Support costs 2024 £ - 7,098 7,098 6,998 Meetings and activities 2024 £ 12,068 100 4,852 411 12,767 30,198 16,343 |
Total funds 2024 £ 30,198 7,098 37,296 23,341 Total funds 2024 £ 12,068 100 4,852 411 12,767 30,198 16,343 |
Total funds 2023 £ 16,343 6,998 |
|---|---|---|---|---|
| 23,341 | ||||
| Total funds 2023 £ 8,644 - 4,644 - 3,055 |
||||
| 16,343 | ||||
Page 14
(A company limited by guarantee)
WOLVERHAMPTON FRIENDSHIP CENTRE 050
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
7. Analysis of expenditure by activities (continued)
Analysis of support costs
| Newsletters Travel and subsistence Postage Insurance Depreciation Professional Fees Other expenses Administration Printing & Stationery Computers & software Total 2023 8. Independent examiner's remuneration |
Meetings and activities 2024 £ 1,080 197 1,548 530 234 595 - 1,202 1,652 60 7,098 6,998 |
Total funds 2024 £ 1,080 197 1,548 530 234 595 - 1,202 1,652 60 7,098 6,998 |
Total funds 2023 £ 1,400 509 8 481 - 320 71 1,261 2,583 365 |
|---|---|---|---|
| 6,998 | |||
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Fees payable to the company's Independent examiner for the independent | ||
| examination of the company's annual accounts | 595 | 320 |
9. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 30 September 2024, expenses totalling £NIL were reimbursed or paid directly to Trustee (2023 - £454 to 5 Trustees).
Page 15
(A company limited by guarantee)
WOLVERHAMPTON FRIENDSHIP CENTRE 050
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
10. Tangible fixed assets
| Cost or valuation At 1 October 2023 Additions At 30 September 2024 Depreciation At 1 October 2023 Charge for the year At 30 September 2024 Net book value At 30 September 2024 At 30 September 2023 11. Debtors Due within one year Prepayments and accrued income 12. Creditors: Amounts falling due within one year Accruals and deferred income |
Fixtures and fittings £ - 900 900 - 90 90 810 - |
Office equipment £ 3,497 - 3,497 3,207 144 3,351 146 290 2024 £ 330 330 2024 £ 595 |
Total £ 3,497 900 |
|
|---|---|---|---|---|
| 4,397 | ||||
| 3,207 234 |
||||
| 3,441 | ||||
| 956 | ||||
| 290 | ||||
| 2023 £ 295 295 2023 £ 320 |
Page 16
(A company limited by guarantee)
WOLVERHAMPTON FRIENDSHIP CENTRE 050
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
13. Financial instruments
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 34,988 | 33,882 |
Financial assets measured at fair value through income and expenditure comprise of assets held for trading and those financial assets designated as being held at fair value through profit and loss.
Page 17
WOLVERHAMPTON FRIENDSHIP CENTRE 050
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
| 14. | Statement of funds | ||||
|---|---|---|---|---|---|
| Statement of funds - current year | |||||
| Balance at | |||||
| Balance at 1 | 30 | ||||
| October | September | ||||
| 2023 | Income | Expenditure | 2024 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General Funds - all funds | 34,147 | 38,828 | (37,296) | 35,679 |
Page 18
WOLVERHAMPTON FRIENDSHIP CENTRE 050
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
- Statement of funds (continued)
Statement of funds - prior year
| Balance at | ||||
|---|---|---|---|---|
| Balance at | 30 | |||
| 1 October | September | |||
| 2022 | Income | Expenditure | 2023 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General Funds - all funds | 35,074 | 22,414 | (23,341) | 34,147 |
- Summary of funds Summary of funds - current year
| General funds Summary of funds - prior year General funds |
Balance at 1 October 2023 £ 34,147 Balance at 1 October 2022 £ 35,074 |
Income £ 38,828 Income £ 22,414 |
Expenditure £ (37,296) Expenditure £ (23,341) |
Balance at 30 September 2024 £ 35,679 |
|---|---|---|---|---|
| Balance at 30 September 2023 £ 34,147 |
Page 19
WOLVERHAMPTON FRIENDSHIP CENTRE 050
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
16. Analysis of net assets between funds
Analysis of net assets between funds - current period
| Unrestricted funds 2024 £ Tangible fixed assets 956 Current assets 35,318 Creditors due within one year (595) Total 35,679 |
Total funds 2024 £ 956 35,318 (595) 35,679 |
|---|---|
Analysis of net assets between funds - prior period
| Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2023 £ 290 34,177 (320) 34,147 |
Total funds 2023 £ 290 34,177 (320) 34,147 |
|---|---|---|
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