Company No: 03708842
Wednesbury 2000
Company Limited by Guarantee and not having a Share Capital Report of the Directors and Financial Statements For the year ended 31 March 2024
Wednesbury 2000 Company Limited by Guarantee and not having a Share Capital Contents of the financial statements For the Year ended 31 March 2024
| Company information | Page 3 |
|---|---|
| Report of the directors | Page 4 |
| Statement of directors responsibilities | Page 4-5 |
| Statement of financial activities | Page 6 |
| Balance sheet | Page 7 |
| Notes to the financial statements | Page 8-9 |
| Management income and expenditure account | Page 10 |
| Summary of restricted funds | Page 11 |
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Wednesbury 2000 Company Limited by Guarantee and not having a Share Capital Company Information For the Year ended 31 March 2024
Directors Dr Kenny Ademosu Gary Evans Miss Kalianne Titley Mr Josh Samuel Prichett Mr Adam Robert Stevens Secretary Miss Kalianne Titley Treasurer Mr Josh Samuel Prichett Registered office The Old Post Office Holyhead Road Wednesbury West Midlands WS10 7DF Registered number 3708842 (England and Wales) Charity number 1083579
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Wednesbury 2000 Company Limited by Guarantee and not having a Share Capital Report of the directors For the Year ended 31 March 2024
The directors present their report with the financial statements of the company for the year ended 31 March 2024.
Structure, governance, and management
The company was incorporated on 5 February 1999 under the Companies Act 1985, as a company limited by guarantee and not having a share capital. It is also registered as a charity, number 1083579.
New Directors, who normally have an existing association with the company, are proposed at a formal general directors' meeting and a vote is taken on their appointment to the board. Officers who serve as chairman, vice chairman, treasurer and secretary are appointed annually at the Annual General Meeting.
The directors during the year under review were:
Miss Kalianne Titley Dr Kenny Ademosu Gary Evans
Mr J S Pritchett Mr A R Stevens
Objective, activities and achievements
The principal activities of the company in the year under review were those of promoting all or any charitable purposes for the benefit of the community within the areas of Wednesbury North, Wednesbury South and Friar Park, and in particular the advancement of education, the furtherance of health and the relief of poverty, distress and sickness, supporting the establishment and development of local community organisations, improving access by local residents to jobs and other opportunities in the labour market, particularly through the support of local initiatives, and increasing opportunities for local residents to access learning and to acquire occupational and vocational skills and qualifications.
The directors are aware of the Charity Commision's guidance on public benefit and how it affects the activites it undertakes.
This Report has been prepared in accordance with the special provisions of the Companies Act 2006 relating to small companies.
On Behalf of the Board
Miss Kalianne Titley
Secretary
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Wednesbury 2000 Company L Limited by Guarantee and not having a Share Capital Report of the directors For the Year ended 31 March 2024
Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the surplus and deficit of the company for that year. In preparing those financial statements, the directors are required to:
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. Select suitable accounting policies and then apply them consistently;
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. Make judgements and estimates that are reasonable and prudent;
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State whether applicable accounting standards have been followed subject to material
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. departures disclosed and explained in the financial statements
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Prepare the financial statements on the going concern basis unless it is inappropriate to
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. presume that the company will continue in business.
The directors are responsible for:
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Keeping proper accountancy records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006;
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Safeguarding the assets of the company and hence taking reasonable steps for the prevention and detection of fraud and other irregularities;
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Ensuring that the funds of the organisation are sued in accordance with the constitution and the various legal and funding requirements;
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. Ensuring that the requirements of the Charity Commissioners are complied with.
Approved by the Board and signed on its behalf:
Mr J Pritchett Director
18 December 2024
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Wednesbury 2000
Company Limited by Guarantee and not having a Share Capital
Statement of financial activities For the year ended 31 March 2024
Summary income and expenditure account
| Note Incoming Resources Interest Grants Received Room Hire Donations Total income Resources Expended Direct Expenditure Establishment Expenses Administration Expenses Total Expenditure Net income/ (Expenditure) for the year before tax 2 Taxation Net Movement in funds for the year Total funds brought forward at 31 March 2023 Total funds carried forward at 31 March 2024 |
Restricted Funds £ 8,856 8,856 - 8,856 8,856 8,856 |
Unrestricted Funds £ 95 - 20,604 5,161 25,860 41,177 41,177 (15,317) (6,461) 588,166 581,705 |
Total 2024 £ 95 8,856 20,604 5,161 34,716 - - 41,177 41,177 (6,461) (6,461) 588,166 581,705 |
Total 2023 £ 17 30,573 27,441 11,195 |
|---|---|---|---|---|
| 69,226 | ||||
| - 11,212 51,670 |
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| 62,882 | ||||
| 6,344 | ||||
| 6,344 581,822 |
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| 588,166 |
Statement of total recognised gains or losses
There were no recognised gains or losses in the year other than the surplus for the year shown above.
Continuing operations
None of the company's activities were acquired or discontinued during the current or previous year
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Wednesbury 2000
Company Limited by Guarantee and not having a Share Capital
Balance Sheet 31st March 2024
| 2024 £ Fixed Assets Tangible Assets 3 Current Assets Debtors 4 2,523 Cash at bank and in hand 852 3,375 Creditors Amounts falling due in one year 5 - Net Current Assets Total Assets less Current Liabilities Funds Unrestricted funds Restricted funds Note |
2024 2023 £ £ 578,330 841 8,995 9,836 - 3,375 581,705 581,705 581,705 |
2023 £ 578,330 9,836 |
|---|---|---|
| 588,166 | ||
| 588,166 | ||
| 588,166 |
For the year ended 31 March 2024 the 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 company to obtain an audit in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of financial statements
These financial statements have been prepared in accordance with the provisions applicable to companies subject to small companies' regime.
On behalf of the Board
Mr J Pritchett Treasurer 18 December 2024
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Wednesbury 2000 Company Limited by Guarantee and not having a Share Capital
Notes to the financial statements For the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Statement of Recommended Practice, Accounting and Reporting for Charities (SORP 2005) issued in March 2005, applicable accounting standards, and the Companies Act 1985.
Turnover
Turnover represents grants from a number of local sources, net of specific costs expended therefrom, income and room hire and donations.
Tangible fixed Assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Equipment - 20% reducing balance
Computers - 20% on cost
The Buildings were revalued in August 2011 for insurance purposes at £578,330.
Taxation
As a Registered Charity the company is not liable to pay Corporation Tax.
| **2 ** | Net Income / Expenditure | 2024 | 2023 |
|---|---|---|---|
| £ | £ | ||
| Net Income is stated after charging: | |||
| Depreciation-Owned assets |
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Wednesbury 2000
Company Limited by Guarantee and not having a Share Capital
Notes to the financial statements For the year ended 31 March 2024
| 3 Tangible Fixed Assets Buildings £ Cost/Valuation At 1 April 2023 578,330 Additions At 31 March 2024 578,330 Depreciation At 1 April 2023 Charge for year At 31 March 2024 - Net book value At 1 April 2023 578,330 At 31 March 2024 578,330 The buildings were revalued on 12 August 2011 4 Debtors-amounts falling due within one year Prepaid expenses Other creditors VAT recoverable 5 Creditors-amounts falling due within one year DLA Tax and Social Security |
Equipment £ 6,661 6,661 6,661 6,661 - - |
Computers £ 1,999 0 1,999 1,999 0 1,999 - - 2024 342 1,693 488 2,523 2024 - |
Total £ 586,990 - |
|---|---|---|---|
| 586,990 | |||
| 8,660 - |
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| 8,660 | |||
| 578,330 | |||
| 578,330 | |||
| 2023 342 499 |
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| 841 | |||
| 2023 | |||
| - |
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Company Limited by Guarantee and not having a Share Capital
| Income Interest Room hire Donations Grants Total Income Expenditure Post and Stationery Insurances Travel Expenses Repairs and renewals Entertainment Software Grants/ Donations Accountancy Cleaning Equipment Hire Rates and Water Donations Light and Heat Depreciation Equipment Computer Equipment |
Management income and expenditure account For the year ended 31 March 2024 2024 2024 2023 2023 £ £ £ £ 95 17 20,604 27,441 5,161 11,195 8,856 30,573 34,716 69,226 34,716 69,226 29 1,328 1,264 54 21,375 42,605 1,062 522 720 500 670 536 2,000 3,667 233 14,519 713 530 - 11,732 41,177 62,882 (6,461) 6,344 - - - - - - (6,461) 6,344 |
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The page does not form part of the statutory financial statements
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