Company registration number: 03431322 Charity registration number: 1075356
WOLVERHAMPTON FRIENDSHIP CENTRE 050 TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
Kalirai & Co Ltd
Wolverhampton Friendship Centre 050 Contents
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| Page | |
|---|---|
| Trustees’ Report | 1-3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities (including Income and Expenditure Account) | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7—11 |
| The following pages do not form part of the statutory accounts: | |
| DetailedStatementofFinancialActivities(includingIncomeandExpenditureAccount) | 12 |
Wolverhampton Friendship Centre 050 Company No. 03431322 Trustees' Report For The Year Ended 30 September 2025
The trustees present their report and the financial statements for the year ended 30 September 2025.
Objectives and Activities
Aims and Objectives
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 WFCO5O currently organises regular activities which take place on weekly basis, some seasonal and some throught the year. In addtion to acitvities the charity orgnaises a number of day trips, evening entertainment and social events including annual christmas party.
Achievements and Performance
Main Achievements
The continuing increases in the cost of living and in particular the increases in energy and fuel costs continue to have an effect on 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. However, we have been able to attract new members and our membership currently stands at 319 members.
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 Lichfield, Gloucester, Llangollen,Ludlow and Church Stretton. Holidays arranged for 2025 continued to have a low uptake, and it has been decided to discontinue offering these.
The charity currently offers 16 different activities including Art, Portraiture, Indoor and Ten Pin Bowling, Tai Chi, Keep Fit, Line Dancing, Zumba Gold, Dance Fit, Woodwork & Restoration,Whist Drive and Scrabble. We also offer activity taster sessions which allow us to anticipate demand and costs if appropriate. The Beginners Line Dancing class has been a success with the class currently growing in popularity.
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 has been upgraded and our Facebook page will advertise events and activities. Our entry on the Wolverhampton City Council’s website has been updated.
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 will remain at £12 for the coming year.
Financial Review
Financial Position
The year under review shows a surplus of £1,016, 2023/24 £1,532.
Overall our annual income increased from £38,828 to £41,995. Our expenditure increased from £37,297 to £40,979
Reserves Policy
Our reserves currently stand at £21,415 (2023/24: £21,050) in the deposit account and will remain so for the the next year with additional quarterly bank interest being accrued. The current account balance stands as £14,035 (2023/24 : £13,938).
Page 1
Wolverhampton Friendship Centre 050 Trustees' Report (continued) For The Year Ended 30 September 2025
Reference and Administrative Details
Trustees
Mrs Carole Craddock - Chair
Mr Colin Hayes
Mrs Jeanne Lamont
Mrs Doreen Luck (appointed 17/03/2025) Mr Gordon Luck (appointed 17/03/2025) Mrs Joan Parks
Mrs Mavis Sullivan - Vice Chair Mrs Jane Tonks Mrs Petra Wielgosz - Treasurer
Charity Number
1075356
Company Number
03431322
Registered Office
84 Richmond Road Wolverhampton WV3 9JD
Independent Examiner
Surrinder Kalirai ACA Kalirai & Co Ltd ICAEW 1 Broad Lane Bradmore Wolverhampton West Midlands WV3 9B)
Page 2
Wolverhampton Friendship Centre 050 Trustees' Report (continued) For The Year Ended 30 September 2025
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The trustees’ report was approved by the board of trustees and signed on its behalf by:
y) ri
Mrs Carole Craddock Trustee 18/03/2026
Page 3
Wolverhampton Friendship Centre 050 Independent Examiner's Report to the Trustees of Wolverhampton Friendship Centre 050 For The Year Ended 30 September 2025
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2025.
Responsibilities and Basis of Report
As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the 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 charity’s accounts as 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 2. the accounts do not accord with those records; or
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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
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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 drawar.jn this report in order to enable a proper understanding of the accounts to be reached.
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inder Kalirai ACA
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18/03/2026
1 Broad Lane Bradmore
Wolverhampton West Midlands WV3 9BJ
Page 4
Wolverhampton Friendship Centre 050 Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 30 September 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM: | |||
| Donations and legacies | 3 | 4,306 | 3,445 |
| Charitable activities: | |||
| Meetings and activities | 37,324 | 34,965 | |
| Investments | 4 | 365 | 418 |
| 41,995 | 38,828 | ||
| EXPENDITURE ON: | |||
| Raising funds | 6 | (40,979) | (37,297) |
| Charitable activities: | 6 | ||
| NET INCOME | 1,016 | 1531. | |
| NET MOVEMENT IN FUNDS | 1,016 | 1,531 | |
| RECONCILIATION OF FUNDS: | |||
| Total funds brought forward | 35,677 | 34,146 | |
| TOTALFUNDSCARRIEDFORWARD | 14 | 36,693 | 35,677 |
The notes on pages 7 to 11 form part of these financial statements.
Page 5
Wolverhampton Friendship Centre 050 Balance Sheet As At 30 September 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible Assets | 10 | 725 | 956 |
| 725 | 956 | ||
| CURRENT ASSETS | |||
| Stocks | it | 1,034 | - |
| Debtors | 12 | 445 | 329 |
| Cash at bank and in hand | 35,451 | 34,988 | |
| 36,930 | 35,317 | ||
| Creditors: Amounts Falling Due Within One Year | 13 | (962) | (596) |
| NETCURRENT ASSETS (LIABILITIES) | 35,968 | 34,721 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 36,693 | 35,677 | |
| NETASSETS | 36,693 | 35,677 | |
| FUNDS OF THE CHARITY | |||
| Unrestricted Funds | 36,693 | 35,677 | |
| TOTALFUNDS | 14 | 36,693 | 35,677 |
For the year ending 30 September 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mrs Carole Craddock
Trustee 18/03/2026
The notes on pages 7 to 11 form part of these financial statements.
Page 6
Wolverhampton Friendship Centre 050 Notes to the Financial Statements For The Year Ended 30 September 2025
1. General Information
Wolverhampton Friendship Centre 050 is a company limited by guarantee, incorporated in , registered number 03431322 and registered charity number 1075356. The registered office is 84 Richmond Road, Wolverhampton, WV3 9JD.
- 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 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The charitable company is a Public Benefit Entity as defined by FRS 102.
2.2. Incoming Resources
All income is recognised once the company has entitlement to the income. It is probable that the income will be received and the income receivable can measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
2.3. Resources Expended
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 10% Straight line basis Computer Equipment 33% Straight line basis
2.5. Stocks and Work in Progress Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the statement of financial activities. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the statement of financial activities.
2.6. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a Known amount of cash with insignificant risk of change in value, and bank overdrafts.
Page 7
Wolverhampton Friendship Centre 050 Notes to the Financial Statements (continued) For The Year Ended 30 September 2025
3. Income from Donations and Legacies
| 3. | Income from Donations and Legacies | |||
|---|---|---|---|---|
| 2025 | 2024 | |||
| Unrestricted | Unrestricted | |||
| funds | funds | |||
| £ | £ | |||
| Member subscriptions and sponsorships | 3,816 | 3,020 | ||
| Gift aid | 490 | 425 | ||
| 4,306 | 3,445 | |||
| 4. | Investment Income | |||
| 2025 | 2024 | |||
| Unrestricted | Unrestricted | |||
| funds | funds | |||
| £ | £ | |||
| Bank interest receivable | 365 | 418 | ||
| 5. | Net Income/(Expenditure) | |||
| The | net income is stated after charging/(crediting): | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Depreciation of tangible fixed assets - owned | 231 | 235 | ||
| 6. | Analysis of Expenditure | |||
| 2025 | ||||
| Activities undertaken directly |
Support costs (see note 7) |
Total | ||
| £ | £ | £ | ||
| Raising funds | 33,516 | 7,463 | 40,979 | |
| 2024 | ||||
| Activities undertaken directly |
Support costs (see note 7) |
Total | ||
| £ | £ | £ | ||
| Raisingfunds | 30,197 | 7,100 | 37,297 |
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Wolverhampton Friendship Centre 050 Notes to the Financial Statements (continued) For The Year Ended 30 September 2025
7. Support Costs
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|||||||||
|---|---|---|---|---|---|---|---|
|2025|
|Raising|
|funds|
|£|
|General|administration:|
|Travel|292|
|Computer|software,|consumables|and|maintenance|92|
|Insurance|648|
|Printing|2,183|
|Postage|260|
|Newsletters|1,060|
|Website|400|
|Independent|examiner's|fees|960|
|Administration|1,329|
|Sundry|Costs|8|
|Depreciation:|
|Depreciation|231|
|7,463|
|2024|
|Raising|
|funds|
|£|
|General|administration:|
|Travel|197|
|Computer|software,|consumables|and|maintenance|60|
|Insurance|530|
|Printing|1,653|
|Postage|1,548|
|Newsletters|1,080|
|Independent|examiner's|fees|595|
|Administration|1,202|
|Depreciation:|
|Depreciation|235|
|7,100|
|8.|Independent|Examiner's|Remuneration|
|2025|2024|
|£|£|
|Independent|examination|of|the|financial|statements|960|595|
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- Average Number of Employees
Average number of employees during the year was: NIL (2024: NIL)
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Wolverhampton Friendship Centre 050 Notes to the Financial Statements (continued) For The Year Ended 30 September 2025
10. Tangible Assets
| 10. | Tangible Assets | |||||
|---|---|---|---|---|---|---|
| Fixtures& Fittings |
Computer Equipment |
Total | ||||
| £ | £ | £ | ||||
| Cost | ||||||
| As | at 1 October 2024 | 900 | 3,498 | 4,398 | ||
| As | at 30 September 2025 | 900 | 3,498 | 4,398 | ||
| Depreciation | ||||||
| As | at 1 October 2024 | 90 | 35352 | 3,442 | ||
| Provided during the period | 90 | 141 | 231 | |||
| As | at 30 September 2025 | 180 | 3,493 | 3,673 | ||
| Net Book Value | ||||||
| As | at 30 September 2025 | 720 | 5 | 725 | ||
| As | at 1 October 2024 | 810 | 146 | 956 | ||
| 11. | Stocks | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Stock | 1,034 | - | ||||
| 12. | Debtors | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Due within one year | ||||||
| Other debtors | 445 | 329 | ||||
| 13. | Creditors: Amounts Falling Due Within One Year | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Trade creditors | 2 | 1 | ||||
| Accruals and deferred income | 960 | 595 | ||||
| 962 | 596 | |||||
| 14. | Movement in Funds | |||||
| As ati | As at | 30 | ||||
| October 2024 |
Income | Expenditure | September 2025 |
|||
| £ | £ | £ | £ | |||
| Unrestricted funds | ||||||
| General: | ||||||
| General unrestricted fund | 35,677 | 41,995 | (40,979) | 36,693 | ||
| Totalfunds | 35,677 | 41,995 | (40,979) | 36,693 |
Page 10
Wolverhampton Friendship Centre 050 Notes to the Financial Statements (continued) For The Year Ended 30 September 2025
| As ati | As at 30 | |||
|---|---|---|---|---|
| October 2023 |
Income | Expenditure | September 2024 |
|
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General: | ||||
| General unrestricted fund | 34,146 | 38,828 | (37,297) | 35,677 |
| Totalfunds | 34,146 | 38,828 | (37,297) | 35,677 |
15. Transactions with Trustees
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Travel | 240 | 164 |
Number of trustees reimbursed for expenses during the year was 4 (2024: 5)
- Related Party Disclosures
There have been no related party transactions in the reporting period that require disclosure, except for those disclosed in the Transactions with Trustees note.
17. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 11
Wolverhampton Friendship Centre 050 Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 30 September 2025
| 2025 | 2024 | |
|---|---|---|
| Total | Total | |
| funds | funds | |
| £ | £ | |
| INCOME AND ENDOWMENTS FROM: | ||
| Donations and legacies | ||
| Membership subscriptions | 3,816 | 3,020 |
| Gift aid | 490 | 425 |
| 4,306 | 3,445 | |
| Charitable Activities: | ||
| Meetings and activities | ||
| Meetings and activities | 37,324 | 34,965 |
| 37,324 | 34,965 | |
| Investments | ||
| Bank interest receivable | 365 | 418 |
| 365 | 418 | |
| 41,995 | 38,828 | |
| EXPENDITURE ON: | ||
| Raising funds | ||
| Advertising, marketing, direct mail and publicity | (247) | - |
| Room Hire | (11,569) | (12,068) |
| Refreshments | (310) | (100) |
| Admissions, Coaches etc | (6,879) | (4,851) |
| Equipment purchase/repair | (283) | (411) |
| Tutors, painists etc | (14,100) | (12,767) |
| Raffle Prizes/Gifts | (128) | - |
| Travel | (292) | (197) |
| Computer software, consumables and maintenance | (92) | (60) |
| Insurance | (648) | (530) |
| Printing | (2,183) | (1,653) |
| Postage | (260) | (1,548) |
| Newsletters | (1,060) | (1,080) |
| Website | (400) | - |
| Independent examiner's fees | (960) | (595) |
| Administration | (1,329) | (1,202) |
| Sundry Costs | (8) | - |
| Depreciation | (231) | (235) |
| (40,979) | (37,297) | |
| (40,979) | (37,297) | |
| NETINCOME | 1,016 | 17531 |
Page 12