Chartty reglstratlon number 1110317
Company reglstratlon number 05193577 {England and Wales)
FRIAR PARK MILLENNIUM CENTRE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

FRIAR PARK MILLENNIUM CENTRE
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
Llnda Matthews {Chalr and Treasurer)
SSmon Hackett
A Ledbury
V Walton
Secretary
Julle Jones
Charlty number
1110317
Company number
05193577
Reglstered office
Frlar Park Road
Wednesbury
West Mldlands
WS10 OJS
Independent oxamlner
Neal and Co Business Servlces Llmlted
Shakespeare Buildings
26 Cradley Road
Cradley Heath
West Mldlands
B64 6AG
Bankers
Lloyds Bank plc
P.0. Box 46
The Bridge
Walsall
West Mldlands
WS11LU

FRIAR PARK MILLENNIUM CENTRE
CONTENTS
Page
Trustees, report
Statement of trustees, re8ponslbllStles
Independent examinerfs report
Statement of financlal acilvltles
Balance Bheet
Notes to the financial statoments
10-15

FRIAR PARK MILLENNIUM CENTRE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Th8 twstees present their annual Teport and financlaj statements for the year endad 31 March 2024.
Th8 accounts have been prepared In accordance wilh the accountlng pollcies set out in not8 1 to the accounts and
comply with the charity's Memorandum and Artic18s of Association, the Companles Act 2006 and 'Accounllng and
R6POrtlng by Charlties: Stalement of Recommended Practice appllcable to charitie8 preparing their accounts In
accord8nce wilh the Financld R8portlng Standard appllcable In the UK and Republlc of Ireland (FRS 102). (a8
amended for accountlng perfod5 commencing from 1 January 2016)
Objectlves and actlvltles
The mlsslon statement of Friar Park Mlllennlum Centre is 'To work wlth partners to Smprove the quality of Ilfe for all
who live and work In Frlar Park" Our Vlslon for the Friar Park Ward Is to create a place that Is safe. sustalnable and
cohesive, where people are happy to live and exp8rlence positive outcomes with regards to education, health,
employment and prosperity. The prfncipal acuvlty of the charity Is to act as a local community hub organlsation, co-
ordinating nelghbourhood communlty action through the delivery of an annual programme of communlty activities.
Friar Paik Mlllennlum Centre alms to be responslve to th8 changlng needs of the community through ongolng
consultalions, informed research and by Sdoptlng a communlty development approach to all of Its work. Innovative
solutlons are sought through dlscusslon with local people, partn&rs and funding agendes to create a portfolio of
pioJ8Cts deslgned at provldlng activities and services to address the on￿oIng soclal dlsadvantages faced by the
community. The Board has set the followlng objectives: .
To provlda an annual programme of actlvltSes for the elderly and dls8bled to h8lp overcoma Isolatlon and to avold
becoming housebound and lonely.
To provide an annual programme of Communlty actlvllles to help meet the social and emotlonal needs of at-rlsk
chlldren and young peopla Ilvlng in familles with low incomes, on or below the poverty Ilne.
To work towards improvlng the Health and Fitness levels of th08e mosl at rfsk of111-health from preventable dl8ease8
a.g. obesity; dlabetes and heart related dlsease.
Iv
Ib8ln
To improve opportunlties for local people to gain vocatlonal skllls, experlence and training through volunteerlng andl
or employment. To access help and infomiatton regarding welfare and beneffts.
To offer people the opportunlty to access educatlonal activitles and become local community champlons and
leaders. To expand the involvement of local people in Ihe development of an Interaclive, mUlt￿medIa. ward-bas
Communication strategy whlch better informs the wider communlty about local soNlces and empowers them by
providing them wlth a v¢lce to express thelr concems and vlews.
Ente
To d8velop and implement an income generatlng strategy that wlll provide 8uffiGlent Incoma to support a full
communlty development programme as outlined In the vlslon statement.
To develop a programme of large annual community events whlch provides the opportunily to brlng the whole
community together and as81sts in the davolopment of community coheslon and neighbourhood Identity.

FRIAR PARK MILLENNIUM CENTRE
TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Who has benefitsd from our Annual Plan of Communlty Actfvitles In 2023 - 20247
Our beneficiaries are the wider communfty of the 5000 homes and businesses of the Friar Park ward who live
andlor work In the three nelghbourhoodslestates of Frlar Park, Mesty Croft, Woods (approxlmately 11000
people). We belleve the whole communlty of the ward have benefiled both dSrectly and indirecuy from the
Communlty Actlvltles programme, enhanced communlty cohesion and improved levels of social matutity and
responslblllty, whlch have led to a reductlon in antisocial behavlour. However, our primary beneficlaries have
been those vulnerable members of the communlty who are willlng and able to take part In c8ntre-based
activitl8s and projects. These continue to Include at-rfsk chlldrenlyoung people from famllles living below the
poverty Ilne; potentially isolated elderly and disabled Indlvlduals who would b8 housebound; and other adults
8t rlsk of ill health whlch Include Alzheimer'slstroke victims and those who are physically Inactlvelob8SQ.
The communSty centre it set to be expanded in 2024 due to 613 houses belng bullt on the back of the ￿ntr8.
tles
ob
ObjectSve 1: Elderly & Disabilty
We provlde a portfolio of communlty projectslactlvities which engage wlth local eldarly (aged 65+ years) and
dlsabled people on a weekly basis to meet their soclal and emotional needs. Currently includlng 5 day and 1
evenlng opportunttles to meet wlth both new and old friends, Includlng Communlty transport door to door
servlce. Activities include Frlendship Group, Over 608 club and Evening bingo sessSons..There also a knit and
natter group runnlng once a week and 8 pl8ce of welcome on Friday momlng there a total of over 100 local
people altend Chrlstmas lunch and hampers for 100 famille5.
Objectlve 2.. Children & Young people
We host and provlde a range of weekly activities for chlldren (aged 5-12 years) and young people (aged
13-18 years). Thls currently indudes 3 sesslons after school and weekends supported 2 Youth Club leam
through play Sessions for Young People, 6 sport and dance sessSons for youth. There have been 300
partlclpants and actlvltles Include Junior Youth club, Street dance, Gymnastics, Group and Freestyle dance,all
and half t&rm actIvI￿e$ includlng hollday actlvitles and food. over 100+ young people attend the hcllday
actlvlty clubs We are also provldlng a weekly youih club for 13-18yrs. Sandwell alr scoul5 817 contlnue to
provlde sessions for young people and have proved to be extremely popular wlth 8 member8hlp of 80-100
young people.
Obleclive 3: Healthy Ilvlng & Sport8 development
The centre h8s develop8d a health and fitness programme wlth local parthers to address the chronlc lack of
actlve partlclpation In sports and exerclse In the ward. Sesslons Include Fit Lab Gym, Zumba, Chair Yoga,.The
freestyle football who runs once a week and also Invltes people from around th8 world to take part The centra
also holds weekly table tennls se55ions.Local blke ride8 and the dally mlla during half term. TheBe sesslons
often sttract over 200 partlcipants per week.
Obleclive 4.. Economic well belng
Volunteering and part-tlme employm8nt of local people within the centre Include, Project management, Site
management, Administratlveloffice work, Play work. Youth work, Communlty outreach, Befriendlng,
Mentionlng. Sports 18adershlp, Event management, Catering, Advice and guldance, and Fund-ralslng. This
year, we have facilltated work placernenls for 4 dlfferent local high Schools in Sandwell. The learnlng
objectives for the work placement Includes improving skllls. knowledge, and deep und8rstandlng of financlal
development of a company. Th8 cèntre works with 12 local volunteers to help them galn vocatSonal skills and
experfence.

FRIAR PARK MILLENNIUM CENTRE
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
ObJ8Ctlve 5: Educatlon & learning
Llttle legends have been based at the centre slnc8 2014 and is a welkrun preschool with 5 staff and currently
40 chlldren offerlng early years educatlon.The centre also supports one to one teachlng and fern education
use the centre 3 days a week to support chlldren and young people who struggle at school, Tha cantre hosts
local councilor Surgeries providing local commun5ty champlons With a Vol￿ to expr8ss thelr concerns and
views for the ward.
Objective 6: Social Enterprise
As well as the Servlce Level Agreement funding provlded by Sandwell Metropolitan Borough Councll and
rental Income from anchor tenants and servlce users, the centre is ccnstantly looklng at ways to generate
Income and fund new projects. We currently generate Income by rentlng out car park space to a local
company to house storage containers and have a monthly income for housing the C.C.T.V. equlpment for the
estate.
Objective 7,. Social Coheslon
In shaplng our oblectiveB for the year and plannlng our activities. the trustees have consldered the Charlty
Commlsslon's guldanca on publlc benefit, including the guldanc& 'publlc benefit: running a charlly IPB2}'. Th8
centre relie8 on grants and the Incom8 from rental to cover its operating costs. Our anchor tenant provldeg
free nursery provlslon for local parents (Little Legends). Affordablllty and acce8S to our programmes 18
important to US and is reflected In our prlclng policy where aclivilie8 for young peopl& ara free of charge and
room hlre for the weekly clubs and 8POrts aGtivitles are easlly affordable.
We endeavor to encourage 811 withln our communty to take part In our actlvities and to attend our community
events and fun days. W& have provlded Sports Sessions for girls from dlfferent ethnlc backgrounds whlch has
enabled them to try new sessions and meet new frlends.
Centre staff and trustees have worked hard to decorala th& centre and we are now openlng Ihe centre for
partles and communlty booklngs.
Most of our trustees, actlvlly leaders, volunteer8 and members ar8 from the loca] communlty and are people
who have a passlon to see the Friar Park Ward and Its people grow and flourlsh.
Achlevements and perfomlance
The tnJstee5 are dellghted to report that the FPMC has continued to grow both fin8nclally and in impact on
the Ilve6 of local people. We are grateful to our regular 6eNlce users who have conunued to use the Gentre.
There have also been several posI￿Ve achievements for the organ15ation in 2023124. We have contlnued to
work together In parthershlp wlth over 30 local groups and external agencles to provlde a wlde range of
communlty actlvlt18s. Of note, remains our work with children which continues to Ilourish (Objective 2).
Tha centre continues to employed two Community D8velopm8nt Offlcers who have been looklng
for funding opportunltl8s to extend the range of actlvitles and provisions that are available for resldeni3 and
partners. We have continued to receive grants to help fund the actlvjtles Frlar Park Mlllennlum Centre runs.
There 8r8 630 houses being built at the back of the Frlar Park Communlty centre the Community came to us
to say they were worried and upset that when the houses are built there will be no room for the excltlng
community actlvltles. We became their voice and after a number of meetings at the town hall we have been
granted £2 million pound of the level up grant to have 8 community cafe at the front of the ￿￿tre and a new
events space on the back with a blg communlty kltchen where the communlty can learn to cook.

FRIAR PARK MILLENNIUM CENTRE
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARGH 2024
Flnanclal revlew
Income of £78,930 was recelved In the year through the sublettlng of rooms within the centre.
Grants totalllng £327,082 were recelved from varlous funder5 during the year for work cn speclflc projects within the
cgntre and local communlty, An additlonal £689 was ralsed from events belng held, whld) Is to be reinvested In local
groupB. Funding includes the S8rvic8 Level Agreement from Sandwell MBC to aid Btaffjng and Tunnlng costs.
Restrlcted grants are coverad In more delall In note l O of these accounts.
The organlsatlon has malrrtalned an acceptable level of reserves.
At the end of 2023124, £121,234 has been carried forward in unrestrict8d reserves and a balanc& ram8lns on
restricted funds of £30,950 to be spent in the comlng fin8nclal year.
Reserve8 Pollcy
It Is the pollcy of the charity that unrestricted funds whlch have not been deslgnated for a 8peclfic use should be
maintained at a level equivalent to b81w8en thr88 and six rnonth's expenditure. Th8 truste8s conslder that reserve8
at thls level wlll ensura that, In the event of a slgnificant drop in funding, they will be able to continue the charsty's
Current activities while consideration is given to ways In whlch addltlonal funds may be raised.
Rlgk Factor8
To ensure that the organisalion Is mcre protecied from fraud the trustees contlnue to Implement the followlng
recommendatlons and changes;
1. All financlal Issu&s, problems or concerns must be reported to the treasurer and board the same day and as
quickly as possible. Any su8plcious telephone calls must be dlscussed with Ihe treasurer before any action Is
taken. All staff and volunteers are aware of fraud and the methods used to steal money.
2. The bank account balance must ba checked dally Mon- Frt vla bank text alerts.
3. Two people to authorls6 Internat banklng, same as 81gning cheques.
4. Increage monthly renlal Incoma by offerlng more space to current tenanl8.
structure• governance and management
The charity is a company limited by guarantee and a registered charity. The govemlng document of the organSsatlon
18 th8 M8morandum and Artlcles of Assoclatlon.
The body responslble for the management of the Charlty Is the Board of Trustees. The trusteas ar8 also dlrectors
for the purpose of company law. Recrultment and appointment of members of the board of truslaes Is In accordance
with the provlslons contained in Memorandum and Artlclas of Assoclatlon. Nong of the twstees has ary beneficlal
Interest In the company. All of the trustees are members of the company and guarantee to contrlbLrte £10 In the
event of a winding up.
The trustees, who are also the dlreclors for the purpose of company law, and who served during th8year and up to
the date of signature of the financial statements were:
Llnda Matthews (Chalr and Treasurer)
Slmon Hackelt
E Wnstanlay
A Ledbury
V Vvalton
(Reslgned 28 July 2023)
Appolntment of trustees
The charity Is organlsed so that the trustee directors meet regularly to manage Its affalrs (at least quarterly). The
composition of the Board consists of not less than three dlrectors bLrt with no maximum.
Membershlp Is open to Indlviduals who apply to the Charity in the form required by the dlrectors and are approved
by the directors. A quorum of members for general meetings Is 10 or one tenth of the total membershlp If greater.
Every member has one vote.

FRIAR PARK MILLENNIUM CENTRE
TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Trustee inductlon and trainlng
Each new trustee has access to the ￿Brd membeTS induction pack. TtU5 (x)ntaTns comprehansive reference
matorial about the organlsation and its hlstory. It Includes copies of tha Memorandum and Articles ofAssoclaUon. all
previous annual reports and business plans. poliw dotxfflents and procedures, copies of fflinutès of meetlngs,
O)Pi8s of the newsletteKs and a guid8fines report on Yhe role of Dlreclorffruslee of Friar Park Millennlum Cenlre..
In additson to the Indudion. the Intslees undergo project specific frdining.
Relallon5hlp wlth relatsd partles
The chatity Is not cornected lo any other ch8rity or business
Statemgnt as to dlsclosure to our Independent ¢xamlner
In 50 far as the trustees are aware at th8 lime of ApprovJng ourtrustees. annu81 rew)rt:
there Is no relevant Inf0m￿tiOn, being Infom)atton neede(I by the Independent revtewer In connectlon with
preparing their report, of which the reviewer is unaware. and
the truslees, having made enquiries of fellow dtrectors and the group's r8vlewer that they ought to have
individually taken. have each tsken all steps that hElshe is obllged to take as a dtractor in Lyrd8r to make
Ihemsefves awa￿ of any rBl8%wit audit infonnation and to eslablish that lh8 reviewar is ayrare of that
infomiation.
Th? In￿tea8, report was approvad by the Board of Truste8S.
Unda Matthews (Chalr and Treasurer)
Trustea
S Dacember 2024

FRIAR PARK MILLENNIUM CENTRE
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees. who are also the dlrectors of Friar Park Millennlum Centre for the purpose of company law. ar8
responslble for preparlng the Tru5lees' Report and the financial statements in accordance with applicable law and
United Kingdom Accounting Standards (Unlted Klngdom Generally Accepted Accounung Practice).
Company Law requlres the trustees to prepare financlal statements for each financlal year which give a tw8 and fair
view of the stat8 of affalrs of the charity and of the incomlng resources and application of resources, Including tha
Income and expenditure, of the charilable comp8ny for that year.
In preparing these financial statements. the trustees are required to:
- select sultable accounting policie8 and th&n apply them consistently;
- observe the methods and prlnclples In the Charities SORP;
- make Judgements and estimates that ara reasonable and prudent;
state whether appllcable UK Accounting Standards have been followed, subject to any matarlal departure8
dlsclosed and explalned in the financlal statements; and
prepare th8 financial statements on the going concem basls unless It is inapproprlate to presume that the charity
will continue In operatlon.
The truslees are responslble for keeplng adequate accountlng records that dSsclose wlth reasonable accuracy at
any time the finandal posltlon of the charlty and enable them to ensure that the financial statèments comply with the
Companles Act 2006. They are also responsible for safeguardlng the asBets of the charity and henc8 for taking
reasonable steps for the preventlon and d8tectlon of fraud and other irr8gularltles.

FRIAR PARK MILLENNIUM CENTRE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF FRIAR PARK MILLENNIUM CENTRE
I report on the Ilnancfal statements of the tharity forthe yvar ended 31 March 2024, whlch alp 3et out on pages 8
to 15.
Respectlve responslbllltles ol trusto•s and examlner
The charivs Irustees. who aro also the di￿tOrS of FTiar Park Millennium Cer￿0 for Ihe PUTposes OF company
law. aro respons￿1 Ie lor the preparation of Ihe fillanclal statements. Th8 Irustees consider that an audit is nol
required for thls year under secllon 144(2) of th8 Ctwllles Act 2011 (the 2011 Act) and that an Independent
examln8tlon Is ne8ded. The charlws gross Income exceeded £250,000 and l am quallfied to undertake Ihe
examlnabon belng a quabfied member of Chartered Certlfted Accountants.
Having satisfied myseir that Ihe charity Is not subjecl to audll under ryjmpany law and Is ￿9Ible for Independent
examhiatlon. it is my responslblllty io."
(l) examine the firiancld statsm8nls under section 145 of th8 2011 ACL.
(d) to folk)w the procedures lald down In the general Directlons glven by the Chartiy Commlsslon under sactlon
145(5){b) of the 2011 ACL. and
(111) lo stste whether parUcaJlarmattep3 have come lo my attentlon.
Basls of Indep•nd&nt oxamlneffs report
My examination wa8 ￿lad out in accordanc8 ￿ryth the general Diredlon3 given by the Charity Commission. An
8x8mination Includes a raview of the accounting records kept by tha charity and a comparison of the financlal
statements presented *ith those records. It also indudes rx>nsid8ration ofany unusual Items or dlsdosures in the
Ilnancial statemenis, and seeklng explanations fmm you as truslees concemlng any such matlers. The
prO￿dureS und8rlaken do not pro¥lde 811 the that would b8 requiTBd In an audit and (¥)nsequently no
oplnion is given as to whether tho financlaj stsiements present a Irue and falr vithrf and thg report Is limlted to
Ihose matters sel out in the next sialemenL
Independent examln¢rf5 Statement
In I￿nneLlIon wllh my examlnation, no matter has come to my attenuon:
(a) whlch glves me reasonable cause to believe thal In any malerl81 respect Ihe requirements".
(i) lo keep acCoUntw￿ records In accordan￿ wlth section 386 of tho Ct)mpanlesAct 2006: and
<11) lo p¥Epare accounts which accord with the accounling re(>Jrd8, ￿mplY with the ac£ounting
requlrements of seclion 396 of the Companle8 Ad 2006 and wlth th8 tnelhods and PTincrple8 of the
Statement of Recommended Practi￿. Accounting and Report5ng by Charitie8:
have nDI been met or
(b) to whlch, in my apinlon. ettentton should be dralw) in order to enable 8 proper undars18nding of
flnandal ststenwts lo be reached.
I.C MARSH FCCA
Charlered CertlfiedAccountanl
Neal and Co Buslness SerVi￿s Limlted
Shakespeare Build￿￿5
26 Cradley Road
CradIey Heath
West Mldlands
B64 6AG
Dated: 5 December 2024

FRIAR PARK MILLENNIUM CENTRE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF FRIAR PARK MILLENNIUM CENTRE
I report on the financlal statements of the charfty for the year ended 31 March 2024, which are set out on pages 8
to 15.
Respectlve responslbllltles of trustees and examlner
The charitys trustees, who are also the dlreclors of Friar Park Mlllennlum Centre for the purposes of company
law, are responslble for the preparatlon of the financial statements. The trustees cons]der that an audlt Is not
requlred for thls year under sectlon 144(2) of the Charitles Act 2011 (the 2011 Act) and that an Ind8pendent
examination Is needed. The charity's gross Income exceeded £250,000 and l am qualified to undertake the
axamlnatlon belng a qualffied member of Chartered Certifi8d Accountant5.
Having satlsfied myself that the charlty Is not subject to audit under company law and Is ellglble for independent
&xamlnatlon, it is my responslblllty to:
examlne the financial statements under Sectlon 145 of the 2011 Act;
(11) to follow the procedur8s lald down In the ganeral Olrection8 glven by tha Charity Commlsslon under sectlon
145(5)(b) of the 2011 Act., and
{111) to slate whether partlcular matter8 hava come to my attention.
Basts of Independent examlnorfs report
My examlnatlon was carried out In accordance with the general Dlrections given by th? Charity Commlsslon. An
examinatlon Includes a review of the accountlng records kept by the charity and a comparlson of the fEnanclal
statements presented with those records. It also Includes consideration of any unusual items or dlsdosures in the
finandal statement8, and seeklng explanallons from you a8 trustees conceming any such matters. The
procedures undertaken do not provide all the evidence that would be required In an audit and consequently no
oplnlon Is glven as to whether the financial statements present a 'tsue and falr vlew, and the report is litnll8d to
those matters set out In the next ststement,
Independent examlner's statement
In connectlon with my examlnation, no matter has come to my attenllon:
(a) whlth glves me reasonable caus& to belleve that in any materfal respect the requirements:
(l) to keep accounting r8cords In accordance with sectton 386 of the Companles Act 2008; and
(li) to prepare accounts whlch accord with the accountlng records, comply with the accountlng
requirements of sectlon 396 of the Companles Act 2006 and wtth the methods and prfnciples of the
Statement of Recommended Practice: Accountlng and Reporting by Charltles;
hav6 not been met or
(b) to which. In my oplnlon, attention should be drawn in order to enable a proper understandlng of tk
financl81 statgments to be reached.
I.C MARSH FCCA
Chartered Certified Accountant
Neal and Co Busln8ss Servlces Llmited
Shakespeare Buildlngs
26 Cradley Road
Cradley Healh
West Midlands
B64 6AG
Dated: 5 December 2024

FRIAR PARK MILLENNIUM CENTRE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrfcted Restrlctad
funds
funds
2024
2024
Total Unrestrfcted Restrl¢ted
funds
funds
2023
2023
Total
2024
2023
Notss
Grants recelv8bla
Other tradlng activities
Income from charitable
trading activities
689
327,082
327,771
5,000
249,948
1,679
254,948
1,879
79,096
99
79,195
42,372
1,016
43,388
Total Income
79,785
327,181
408,966
47,372
252,641
300,013
Charitsble actlvltles
44,802
322,618
367,420
56,718
279,235
335,953
Net Incomlngl{outgolng)
r•gourco8 before transfer8
34.983
4,563
39,546
(9.346)
(28,594)
{35,940)
Gro88 transfers betsveen
funds
26,830
(26,830)
3,402
(3,402)
Net Incomel(expendlture) for
th8 yearl
Net movement In funds
61,813
{22,267)
39,546
(5,944)
(29,996)
(35,940)
Fund balances at 1 Aprll 2023
59,421
53,217
112,638
65,365
83,213
148.578
Fund balances at 31 March
2024
121,234
30,950
152.184
59,421
53,217
112,638
The statement of flnanclal aciivltles Includes all galns and losses recognised In the year.
All Income and expenditure derive from contlnulng activities.
The statement of financial actlvitles also complies with lh8 requlrements for an Income and expenditure account
under tha Companies Act 2006.

FRIAR PARK MILLENNIUM CENTRE
BALANCE SHEET
ASAT31 MARCH 2024
2024
2023
Current assets
Debt
Cash at bank and in hand
17.832
148,565
2,579
125,337
166.397
127,916
Crnditorn: amounts fallkng duo withln
one year
(14.213)
(15.278)
Nel cuwent assels
152,184
112.638
Incomé funds
Restricted funds
Unrestiicied funds
io
30,950
121.234
53,217
59,421
152,184
112,638
The company is entlued to the exemption from tho aLKlil requiremenl CA￿laIned In saction 4T1 of Iho Compaftles Act
2006. for Ihe yaar end8d 31 Marth 2024.
The dlrectors acknow18dge their responsibillttes for complylng wilh the requiremenls of the Companies Act 2006
Mrilh r8speci to aLxy)unting reconjs and the prEpaTrtlon of financlal statements.
The members have not requlred the company to oblth an audlt ol Ils finandal statemenls for the year In questlon In
ac(X)nIan￿ wlth sectlon 476.
Thesa f￿ar￿al slatemenis have been prepared th accordanr* the provisions 8pplcabl8 to companl8s subject
to the small ￿mpanIeS reginw.
Th8 fin8nclal statements were approved by the Trustees on 5 December 2024
Lirxla Mauhews {Chalr and Treasurer)
Trustee
ConTpany reglslratlon number 05193577

FRIAR PARK MILLENNIUM CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles
Char]ty Informatlon
Friar Park Mlllennlum Centre Is a prlvate ￿MpanY Ilmlted by guarantee Incorporated In England and Wales.
The registered office is Friar Park Road, Wednesbury, West Midlands, WS10 OJS.
1.1 Accountlng conventlon
The financlal ststements have been prepared In 8ccordance with the charitys [goveming document], the
Comp8nie8 Act 2006, FRS 102 Yhe Financial Reporting Standard applicabl& in the UK and Republlc ol
Ireland. (°FRS 102.) and the Charitles SORP "Accounting and Reporting by Charitles,. Statement ol
Recommended Practice applicable to charlt188 pr8parlng thelr accounts In accordance with the Financlal
Reportlng Standard appllcable In the UK and Republlc of Ireland (FRS 102)" (effective 1 January 2019). The
charily is a Publlc Benefit Entlty as defined by FRS 102.
The charliy has taken advantag& of the provlslons In the SORP for charftles not to prepare a Statemant ot
Cash Flows.
The flnanclal statements ar8 pr8pared In ster15ng. whlch Is the funcilonal currency of the charity. Monatary
amounts in these financlal statements are rounded to the neare8t £.
The financlal statements have been prepared under the hlstorlcal cost conventlon, [modlfled to Includa tha
revaluatlon of freehold propertles and to Include Investment properties and certain financial Instruments at falr
V81ue]. The prfncipal accounting policies adopted are set out below.
1.2 Golng concem
At tha tlme of approvlng the financlal statements, the trustee8 have a reasonable expeciatlon that th& charlty
has adequate resources to ccntlnue In operational exlstence for the foreseeable future. Thus the trustees
contlnue to adopt the going concem basis of accounting in preparing the financial stataments.
1.3 Charltable fund8
Unrestrlcted funds are available for u8e at the discretion of the trustees in furtherance of thelr charltabla
objectives.
Restrlcted funds are subject to Specific condltlons by donors as to how they may be used. Tha purp)seg and
uses of the restricted funds are set out In the notes to the financial statements.
Endomnent funds are subject to speclfic condStlons by donors that Ihe capital must be maintained by the
charity.
1.4 Incomlng resources
Income is recognised when thg charity is legally entilled to it after any performance condlllons have been met,
the amounts can be measured reliably, 8nd It Is probable that income will be recelved.
Cash donations are recognlsed on recelpt. Other donatlons are recognlsed once tha charity has been notified
of the donatlon, unless performanc& condltlons require deferral of the amount. Income tax recoverable in
relatlon to donations recelved under GIftAid or deeds of covenant Is recognised at the time of the donation.
Legacies are recognlsed on recelpt or otherwlse rf the charlty has been nollfied of an impending di5trtbution,
the amount is known, and recelpt Is expected. 11 the amount Is not known, the legacy 15 treated as a
contlngent asset.
10-

FRIAR PARK MILLENNIUM CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
A¢countlng pollcles
(Contlnued)
1.6 Resources expanded
Expendlture Is recognlsed as and when incurred.
Resources expanded on charltable activities Indud8 all costs Incurred in the pursult of the charitable objects
of the charity.
1.6 Tanglble flxed a&8ets
Tanglble fixed a&sets are initially measured at cost and subsequently measured at cost or valuatlon, net of
depr8clatlon and any Impalnnent losses.
Depreciation is recognlsed so as to write off the cost or valuatlon of assets less their resldual values over their
useful lives on th8 followlng bases..
Plant and machinery
25% stralght Ilne basis
The galn or loss arlsing on the dlspos81 ol an asset is detemilned as the dlfference bebNeen the ￿le
proceeds and the carrylng value of the asset, and Is recognlsed In the statement of financ181 activiti88.
1.7 Cash and cash equlvalents
Cash and cash equlvalents Include cash In hand, deposits held at call wlth banks, other short-temi liquid
Investments wilh original rnaturitles of three months or less, and bank overdrafts. Bank overdrafts ara shown
wlthln borrowings in current Ilabllltles.
1.8 Flnanclal Instrumonts
The following assets and Ilabllltles are classlfi&d as financlal Instruments- trada debtor8 and trade credltor6.
Trade debtors and trade creditor8 are measured at the undlscounted amount of cash or other conslderatlon
expecled to be paid or recelved.
1.9 Employe8 benefits
Temiination benefits are recognlsed immediately as an expense when the charity Is demonstrably commftled
to termlnate the employment of an employea or to provide temiination beneffts,
1.10 Retlrement beneflts
Payments to defined contribution retlrement benefit schemes are charged as an expense as they fall due.
Grants recelvable
Unrestrlcted Restrlcted
funds
funds
Total Unrestricted Restrjcted
funds
funds
Total
2024
2024
2024
2023
2023
2023
Donations and gifts
Grants recelvable for
cor8 activities
689
3,563
4,252
323.519
323.519
5,000
249,946
254,946
68g
327.082
327,771
5,000
249.946
254,946
11

FRIAR PARK MILLENNIUM CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Other tradlng actlvltlos
Total R8Strlcted
funds
2024
2023
Fundralslng events
1.679
In¢ome from charftable tradlng actlvltles
Unre5tr1cted Restrlcted
funds
funds
Total Unr8Strfct8d Restricted
funds
funds
Total
2024
2024
2024
2023
2023
2023
Rental Income
Interest recelvable
78,930
99
79,029
166
42,372
1,018
43,388
79,096
99
79.195
42,372
1,016
43,388
Charltable actlvltles
2024
2023
Staff costs
Provlslon of recreatlonal and lelsure faGilitie5
247,953
119,467
202,281
133.692
367,420
335,953
367,420
335,953
Trnste88
None of the trustees (or any persons connected wlth them) re￿IVed any remuneratlon during the year for
thelr dutles on the Board.
Employees
The average monthly number of employees during the year was..
2024
Numb8r
2023
Numb8r
10
12
12-

FRIAR PARK MILLENNIUM CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Employees
{Contlnued)
Employmont costs
2024
2023
Wages and salaries
Social security costs
Olher penslon costs
228,387
13.98Q
5,577
189,504
8.381
4,376
247,953
202,261
There were no employees whose annual remuneratlon was more than £60,000.
Debtors
2024
2023
Amounts falllng due wlthln one year:
Trade debtor5
Prepayments and accrued income
16,751
1,081
1,355
1,224
17,832
2,579
Credltors: amounts falllng due wlthln one year
2024
2023
Other taxallon and 80cial securty
other creditors
Accruals and deferred inGome
8,690
1,240
6,283
8,807
741
5,730
14,213
15,278
13-

FRIAR PARK MILLENNIUM CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Re8trlcted funds
The income funds of the charity Include restricted fvnds comprising the following unexpended balances of
donations and grants held on trust for specific purposes:
Movement In funds
Balance at
Incomlng Resources
Aprll 2023 resources
expended
Transfors Balance at 31
March 2024
Sanoknll MBC- Centre
Managemenvstaffing Costs
Big Lottery
SMBC -HAF's
Know Your Nelghbourhood
Cost of Living
Dwgs and Alcohol
Saturday Sports
Perslan Homes
Park Development
Blkeablllty
Leaming through Play
Olhgr restricted funds
41,507
74.952
58,752
23,920
54,845
9,460
(41,507)
(75,941)
(54,588)
(23,114)
(55,229)
(8.919)
{6,282)
4,934
10,222
1,811
(3,500)
(737)
(.1,500)
384
445
13,649
1,117
541
8,530
(248)
5,000
5,000
1,561
3,577
(2,018)
(5,059)
(26,085)
(23,878)
5,921
28,613
24,211
(882)
(1,500)
(18,867)
1,028
7,609
26,143
53,217
327,181
(322,818)
126,830)
30,950
Sandwell M8C - Centre managem8nVStafflng costs - Tha alm of this fund Is to assist In the d@Ilvery of
communlty cenlre activi￿08. It Is used to contribute towards the salarles of site managament and It relates to
Sep4lce Level Agreement (SLA) between Sandwell MBC and FrSar Park Millennlum Centre.
Blg Lottery Communlty Connector- Thls grant which will run for over 3 y88rs, by provldlng events, such as
Easter, Halloween and Chrlstmas, and providing year-round workshops, to help elevate sodal lsolatlon,
Improve physical h8alth, and aid In mental health support. This grant Is targeted towards those wilh lower
Income and those in poverty. The hop& wlth thls funding Is to help those most disadvantaged withln the
community.
HAF- This funding ran across multiple occ88ions throughout the year, almed at children 6-14 and in chlldren
with special educatlonal needs up to 16 years old age. It was a chlld led event, where the Chlldren could set
the programme and tallor It to their Interests, Such as arts and crafts, board games, group activit]8s. Breakfast
was Included where chlldren could get Involved in cooklng. such as pancake making, and a hot lunch was
given. We had an onslte sport coach. to encourage physlcal activity, and a daily mlle walk would oc￿r. The
thildren where also taken off site to trlps and excurslons. whlch was fully fvnded by the grant, as well ss more
local based trlps to the canals and parks.
Know your Nelghbourhood - W8 SUPPOrt peopla with mental health Isolation lonellness taklng th8m on blke
rides canal walks organizing famlly activity such as Family bakes. and Mothers day avent.
Helplng Ihem with b8n8fit foms and C.V writing. We are also working in partnershlp with the doctors next
door who are referring people to us which has helped us $8t up a chat and catch up and a nit and natter. We
ara also In partnership with Cranston we support people with drug and 81cohol abuse.
14-

FRIAR PARK MILLENNIUM CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Restrlcted funds
(Contlnued)
Cost lfvlng- Support&d the communlty to come a long in th8 week for hot food a drinks through the wlnter.
Weekend we would put on a Ca￿ery where 50 resldents and family members would come along and have a
hot meal and drlnk
Drug and Alcohol: Worklng alongslde Cranstoun who rents rooms from us 3 days a week. l+Ve offer support
and chats do ref8rrals to Cranstoun offer local bike rides and communlty walks. Pultlng on a tea afternoon do
tralnlng and supporting the communlty glvlng them a safe place to attend
Saturday Sports This club runs every Saturday from 11am untll 12:45pm for children aged 6-12yeaTS,
'Sporty saturda￿ as the chlldren call it. We do all a¢tSvltles from football, baskelball dodge ball, assault
courses and mor&. Wa provida water and Julce for all- the project is to have a posttlve impact on th8
chlldren'slyoung peoples mental health and ensure that they are havlng access to stay physlcal prornotlng a
healthy1Sfe style.
11 Anaty8ls of net assets between funds
Unr6strl¢tsd Restrlctod
funds
funds
2024
2024
Total Unrestricted Restrtcted
funds
funds
2023
2023
Tot81
2024
2023
Fund balances at 31
March 2024 are
represented by:
Current as8etsl(IlabllitieB)
121,234
30,950
152,184
59,421
53,217
112,638
121,234
30,950
152,184
59,421
53,217
112,638
15-