COMPANY REGISTRATION NUMBER 04096890 WILLENHALL COMMUNITY HEALTH AND RESOURCE TRAINING TRUST COMPANY LIMITED COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Charity number 1086623 SCORDIS & CO. 5 UPPER LICHFIELD STREET WILLENHALL WEST MIDLANDS WV13 1PB
WILLENFIALL COMMUNITY HEALTH AND RESOURCE TRAINING TRUST COMPANY LIMITED COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 CONTENTS PAGE Members of the Board and professional advisers Trustees Annual Report 2&3 Accounlanls Report Profil and loss Account Balance Sheet Notes to the financial slatemenls The following pag& do not form part ol the statutory financial statements Detailed Income and Expenditure Account 10
Page 1 WILLENHALL COMMUNITY HEALTH AND RESOURCE TRAINING TRUST COMPANY LIMITED COMPANY LIMITED BY GUARANTEE MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS Registered charity name Willenhall Community Health and Resource Training Trust Company Limied Charity number 1083323 Company registration number 4096890 Registered Office Willenhall Community & Youth Foundation 19 Gomer Streel Willenhall Wesl Midlands WV13 2NS Trustees Mrs D Coughlan Mr W Palmer Ms J Cooper Mr R Singh Rev R Wilshlre Chairperson Mrs D Coughlan Vice Chalrperson Treasurer Mr W Palmer Secretary Rev R Wilshire Accountants: Scordis & Co. 5 Upper Lichfield Street Willenhall West Midlands WV131PB
Page 2 WILLENHALL COMMUNITY HEALTH AND RESOURCE TRAINING TRUST COMPANY LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 The trustees, who are also directors for the purposes of company law, present their report and the financial slalemenls of the charity for the year ended 31 March 2025. REFERENCE AND ADMINSTRATIVE DETAILS Reference and adminislralive details are shown in the schedule of members of the board and professional advisers on page 1 of the financial Slalements. THE TRUSTEES The trustees who served the charity during the year were as follows.. Mrs D Cotjghlan Mr W Palmer Ms J Cooper Mr R Singli Rev R Wilshire STRUCTURE, GOVERNANCE AND MANAGEMENT The charity is limited by Guarantee. Based on ils Memorandum and Articles of Association, Ihe Board of Trustees is responsible for the managemenl of the Charity. The board formally meets regularly Ihroughoul the year lo review operations. Wrillen reporlb, if necessary concerning the operational, adminislralion and treasury m211ers are respectively presenled by the Chariperson, Company Secretary and the Treasurer al board Meetings RISK Risk management is embodied in the day lo day processes of the Charity. The process identifies Ihe type of risks the charity faces, priortises them in terms of likelihood of occurrence and potential impact and decide means of miligalion. The Charity maintains certain insurance policies to cover loss from theft, accidental damage and Ihirf party claims. HEALTH AND SAFETY The Irustees ensure, by regular check, that all activities are undertaken in safe working environmenl with due regard to Health and Safety. OBJECTIVES AND ACTIVITIES The purpose of the charity is lo promote the regeneration for public benefit the area of social and economic deprivation known as Willenhall South.
Page 3 WILLENHALL COMMUNITY HEALTH AND RESOURCE TRAINING TRUST COMPANY LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT (CONTINUED) YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW During the year the charity reiVed grants of £75,670 Income from Room Hire and Catering of £149,192 The net résults for the year were an excess of Income over Expenditure of £47.122 RESPONS181LITIES OF THE TRUSTEES The Iruslees are responsible for preparing the Trustees Annual Report and the financial slalemenls in accordance with applicable law and regulations, Company law requires the trustees to prepare financial statements for each f inancial year. Under Ihe law the Irustee5 have elected lo prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) The financial statements are required by law to give a true and fair view of the slate of affairs of the charity and of Ihe surplus or deficit of the charily for that period. In preparing these financial $18temenls, the trustees are reqiiired10 select suitable accounting policies and then apply them consistenlly., make judgemeiils and estimates that are reasonable and prudent; prepare financial slalemenls on the going concern basis unless il is inappropriale to presume Ihal the charity will continue in operation. The Iruslees are responsible to keeping proper accounting re¢ords which disclose with reasonable accuracy at any lime the financial posilion of the charity and which enable them lo ensure that Ihe financial Slaiemenls comply with Companies Act 2006. The trustees afe also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and dele¢lion of fraud and other irregularities. In so far as the Iruslees are aware: there is no relevant audit information of which the charity's auditor is unaware; and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish Ihal the auditor is aware of that information. Registered office.. Willenhall Community & Youth Foundation 19 Gomer Streel Willenhall Wesl Midlands WV132N Signed on behalf of the trustees Date... Mrs D Coughl Chairperson
Page 4 WILLENHALL COMMUNITY HEALTH AND RESOURCE TRAINING TRUST COMPANY LIMITED COMPANY LIMITED BY GUARANTEE ACCOUNTANTS REPORT TO THE MEMBERS OF WILLENHALL COMMUNITY HEALTH AND RESOURCE TRAINING TRUST COMPANY LIMITED YEAR ENDED 31 MARCH 2025 In our opinion The financial statements give a true a fair view, in accordance with the United Kingdom Generally Accepted Accaunling Practice, of the slate of the charitable conipany's affairs al 31 March 2024 and of il incoming resources and application of resources, including ils income and expenditure, for the year the ended: The flnancial statements have been properly prepared in accordance with the Companies Act 2006,, and the information given in the Trustees Annu81 Report is consistent with the financial slalemenls. SCORDIS & CO. CERTIFIED PUBLIC ACCOUNTANTS 5 Upper Lichfield Street Willenhall West Midlands WV13 1PB Dale...
Page 5 WILLENHALL COMMUNITY HEALTH AND RESOURCE TRAINING TRUST COMPANY LIMITED Profit and Loss Account for the Year Ended 31 MarGh 2025 2025 2024 Turnover 224,862 202.872 Cosl of sales -19,645 -9,004 Gross profit 205,217 193,808 Administrative expenses -166,929 -156.677 Operating profit 38.288 37,131 Other income - Employers Allowance Bank interest receivable 3,430 5,405 2,829 3,273 Profit on ordinary activitiès before taxatlon 47,122 43.233 Retained profit for the year 47,122 43,233
Page 6 WILLENHALL COMMUNITY HEALTH AND RESOURCE TRAINING TRUST COMPANY LIMITED BALANCE SHEET FOR THE YEAR ENDED 31ST MARCH 2025 2025 2024 FIXED ASSETS Tangible a$5els 44,469 35,903 CURRENT ASSETS Debtors Cash at bank and in hand Savings accounts 4,121 171,982 189,763 365,866 7,197 137,839 184,359 329,395 CREDITORS Amounts falling due within one year -2,426 -4,512 NET CURRENT ASSETSI{LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES 363,439 324,883 407,908 380,786 NET ASSETS 407,908 360,786 FUNDS Reslricled income funds Unr&slricled income funds 3,320 394.808 13,100 347,685 TOTAL FUNDS 398,128 360,785 For Ihe year ending 31st March 2025 the company was enlilled lo exemption from audit under section 477 of the Companies Act 2006 relating lo small companies. The rnenibers have not required the company to obtain an audit in accordance with section 476 of Ihe Companies Aci 2006. The directors acknowledge their responsibility for complying with the requirernenls of the Act wilh respect lo accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable lo companies subject lo the small companies, regime. For and on behalf of the Board of Directors MrsDCo hlan - Chairperson
Page 7 WILLENHALL COMMUNITY HEALTH AND RESOURCE TRAINING TRUST COMPANY LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 1 ACCOUNTING POLICIES Basis of accountin The financial statements have been prepared under the historical cost convention and in accordance wilh applicable United Kingdom accounling standards, the Slalemenl of Recommended Practice"Accounting and Reporting by Charities issued in March 2005 (SORP 2005) and the Companies Acl 1985. Cash flow statement Tlie Irustees have taken advantage of the exemption in Financial Reporting Standard No. 1 (revised) from including a cash ftow statement in the financial statements on Ihe grounds that the charity is srnall. Fixed asets All fix assets are initially recorded at cost. De reciation Deprecialion is calculated so as to wrile off the cost of an asset, less its estimated residual value, over Ihe useful economlc Ilfe of that asset as follows.. Equipment . 150/0 per annum reducing balance 2 VOLUNTARY INCOME Total Funds Tolal Funds 2025 2024 Grants recelvable WMBC- Building Management WMBC- Community Development Funding- Other 10,000 11,000 54,670 75,670 10.000 11,000 56,037 77,037 3 INCOME RECOURCES FROM ACTIVITIES FOR GENERATING FUNDS Total Funds Tolal Funds 2025 2024 Room hire and others Catering Sport and Fitness Class Fees 144,464 104,719 14,978 5,930 125,627 4.728 149,192 4 INVESTMENT INCOME Total Funds Total Funds 2025 2024 Bank inleresl receivable 5,405 1086
Page 8 WILLENHALL COMMUNITY HEALTH AND RESOURCE TRAINING TRUST COMPANY LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 MARCH 2025 5 FUNDRAISING TRADING: COST OF GOODS SOLD AND OTHER COSTS Tolal Funds Total Funds 2025 2024 Calering costs 19.645 9,004 6 GOVERNANCE COSTS Total Funds Tolal F nds 2025 2024 Salaries and wages Accounlancy fees Depreciation 94,843 850 6,810 102,504 84,220 2,643 6,112 92,975 7 TANGIBLE FIXED ASSETS Flxtures & COST Al 1 April 2024 Additions At 31 March 2025 124,476 15.376 139,852 DEPRECIATION Al 1 April 2024 Charge for the year At 31 March 2025 NET BOOK VALUE AT 31 March 2025 88,573 6,810 95,383 44,469 Al 31 March 2024 35.903 8 DEBTORS 2025 2024 PrepaymenlslDeblors 4,121 4,121 7,197 7,197
Page g NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 MARCH 2025 9 CREDITORS: amounts falling due within one year 2025 2024 Taxation and social secLrrily Other creditors 1,025 1.401 2,426 1,171 3,342 4,513 10 COMPANY LIMITED BY GUARANTEE The members of the company undertake to contribute lo the assets of the Company in the event of the same being would up during their lime as a member or within one year afterwards, for the payment of debts and liabilities of the Company contracted during the period of membership, and of the costs incurred in the winding up, and for the adjuslmenls of the right of conlrlbulors among themselves such amount as may be required not exceeding £1.
Page 10 WILLENHALL COMMUNITY HEALTH AND RESOURCE TRAINING TRUST COMPANY LIMITED INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2025 2025 2024 INCOME Room Hire and others 149.192 125.775 Funding 75.670 77,037 Total 5ncome 224,862 202.812 Employers Allowance 3,430 2,829 Expenses: Calering costs Administratlon costs Water and Insurance Lighl and heat Salaries, Wages & NIC Sub.Conlracl costs Audit & Accountancy fees Telephone, slalionery & postages Repairs &renewals Alarfn Monitoring Lease of Equipment Cleaning and Refuse Bank charges Off ice expenses Donations Severance Pay Various Projects Depreciation of Fixed Assets 19,645 9.004 19,645 9.004 10,012 16,420 94,843 4,203 11,137 84,220 846 2,843 1,926 1,076 446 830 6,735 354 6,566 80 850 1,541J 757 308 1,229 5,159 348 8,428 2,012 5,000 13,205 6,810 29,504 6,112 166.929 41,718 5,405 47,122 156.678 39,959 3,273 43,232 Operating LosslProfit Bank interest received Net Def icitlsurpl us