Company r•glstr•tlon numb•r 05193¥n {Engl•nd and W4le•) Charlty r•gtstratlon numb•r 1110317 {England and Wales) FRIAR PARK MILLENNIUM CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FRIAR PARK MILLENNIUM CENTRE LEGAL AND ADMINISTRATNE INFORMATION Trust•o8 Linda Matth8w8 (Chair) VK* Coulthard Samanlha Bradshaw William Brazier Andrew Felton (W'nted 27 June 2024) 8•cr•tary Julie Jones Charlty numb•r 1110317 Company numbgr 05193577 R•glst•r•d offlc• Frfar Park Road Wedne8bury W8St Midlands W810 OJS Ind•pond•nt •xamln•r Shak8speare Bulldlngs 26 Cradley Road Cradley Heath West Midlands 864 6AG B•nk•r• LWS Bank P.0. Box 46 The Bridg8 Walsall West Mldlands WS11LU
FRIAR PARK MILLENNIUM CENTRE CONTENTS Page Trust88s' report statsment of trust888' responsibilities Independent MIn8$ rwmt Statement of financial acovltles Balance 8heet Notes to tho financial statements 10-16
FRIAR PARK MILLENNIUM CENTRE TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trust88s pr8sent thwr annual report and finandal Statem for the year ed 31 Marth 2cr25. Tho 8cc(xJnts h8ve been prep8red in ac¢ordanc* wllh the a¢counting policies set out in note 1 to 0¢Unts and compty with th8 charitrfs Memorandum and Artid8s of AsscKiatM)n. the Companies Act 2006 and 'A¢UntIng and Reporting by Charities.. Ststement of Recommended Practice applicable to charitles preparing thelr accounts in accordance with the Financial Reporting Standard appIlble in the UK and Republic of Ireland (FRS 102). (as amended for accounting p8rlods commenong from 1 January 2016) The mlssion ststem8nt of Friar Park Mlllennium Centre is Yo work with partners to Improve th6 qu811ty of lrfe for all vtho Ip48 and worf( in Friar Parf(". Our Vision for the Friar P8rk Ward is to creat8 a place that Is safe, Sustainable and coh88ive, where p8ople are happy to live and 8xp8rience positive outCA)mes with regards to eduGqtion, health, employment and prosperlty. The principal activity of the charity is to act as a local communty hub organisalion, c ordin8ting nelghbourhwd communty actlon through lh8 d8llv8ry of on annuBI programmg of communty actlvltles. Friar Park Mlllennium Centre aims to be responshve to the chan9lng needs of th8 communty through orvJolng consultations. inforn rerch and by adoptiThJ a community development approach to all of Its Innovativ solutions are sought through dlscussion with local peoplé. partnefs aNI funding agenc¥e5 to create a portfolio of projects dogned at provlding athiti88 and serrflces to address the orwoing 80dal dlsadvantsge8 faced by the communlty. Th8 Board has 88t the follc>wlng obJectfve8: . To provide an annual programme of avItIeS for th8 8ldwty and dbsabled to hew ovèrcome Isolation and to avohd becoming housebound and lonely. To provlde an annual programm8 of Communlty actlvttl88 to help meet the sorjal and errN)Ilonal needs of at48k Chlldren and young people Ilvlng in famllies wlth low incomes. on or below the povety line. To work towards improving the Health and Fitness lovols of those most at rlsk of Illthealth frcm pwev8ntable dl8eases e.g. obeslty; dlabetes and heart related dlsease. To improve opportunities for local people to 98ln vocational ski118. exporience and trainlng throtsah volunteerfng andl or ernploym8nt. To access help and Infonnatlon regarding welfare and benefits. To offer peo0 the opportunity to access educ8tional 8Ctfviti8s and become local communlty dMpIOnS and leaders. To exparKI the involvement of l(K81 people In the development of an Interactlve. multmedIa. ward-b88ed Communicaion strategy whith b8tter infoms the wid8r comrnunty abcmrt lo1 sar¥kes and empcMers th8m by ovKliTrJ Ihgm wlth a voiG8 to exptess their lcam$ and vie1. To davelop and implement an income generatlng str8t8gy that wlll provlde suffident In(x)m8 to support a full )mmunity devel0pffnt programme as outlined in Ihe vlsion ststement. To develop a programme of large annual comrnunty events which wovides the opPNnify to bring ts whole communty togther and assists In the develo8 of communlty Cohesi arxl naighb1ho0d #lentity.
FRIAR PARK MILLENNIUM CENTRE TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Actlvibes Who has b•néfft from our Annual Plan of Communlty Actlvhles In 2024. 20257 Our beneficiaries are the WKler community of the 5000 homes and businesses of Friar pa ward who live andlor work In th8 three neIghUrtKxXI5l8$tsIes of Friar Park, Mésty Croft. Woods (8pproximal8ly 1ZOOO peop19}. We bdlevè thè whole cfjmmunity of the ward have benefited both directy and indirectly from the Community Activities programme. 8nhanc8d community cohesion and improved levels of social maturity and responsibility. whicti have led to a reducti in antisocial b8havlour. How8v8r, our prlmary beneffciarles have been those vulnerable m8mbers of the community who ere willing and abl8 to tské part In centre-based activitles and projects. These continu8 to indude at4isk chiklrenlyoung people from families Ilving below the poverty line.. Fthntially isolated elderty and disabled individuals would be hoUSebnd. and other adults at nsk of ill health which includ8 Alzhelmer'slstroke victims and thos8 who 8r8 physlcally inactivelobese. The rJ)mmunlty centre It set to be expandad in 2025 duo to 613 houses bging bultt the back of the centr8. ObJ8cliv8 1: Elderly & DIs8ts'11ty We provide a portfolio of communlty proJedactTrVI8S wthlch engage wlth kKal oklerly (aged 65+ yearn) and disabled people on a weekly ba8ls to meet Ihelr so¢ial and emotlonal needs. Currenty includlng 5 day and 1 evening opportunrties to meet with both new and old frlends, induding Community transport door to (knr Se. ActNities include Frfendship Group, Over 608 dub and Evening bingo sessions..There at80 a knit and natter group running once a week and a pla of welcome on Friday m¢Jming there a totsl of over 100 local people attend Chri5trnas lunth and hampers for 11)0 families. Objective 2: Children & Young people We host and provide a range ol weekly activltss for chldren (aged 5-12 years) and yourMJ people (agèd 13-18 years). Thh CuentlY Includes 3 Sessions aft8r School and weekends supported 2 Youth Club leam Ihrough play S8ssk)ns for Young People, 6 sport and dance sessions for youth. There have been 300 participants and activiti6$ Indude Junior Youth dub. Street dance, Gymnastics, Group and Freestyle dance,all and haw temi activities indudlng hollday 8ctivrtles and food. over 100+ young people atterKI the hdld8y 8ctivlty dubs We 8rè also providing a weekly youth club for 13-18yrs. Sandwell alr sc4Wts 617 continue to provide sessions for young people and have proved to be extramaly popular wilh a membership of 80-100 young people. Oblectlv8 3: Heamhy Ilvlng & Sports development The centre has d8v8loped a health Bnd fltriess programme wlth local partners to addr898 the chronlc lack of active participation in sports and exercise in the ward. Sessions indude Ftt Lab Gym, Zumba, Chair Yog8..The freestyle football who runs onc8 a week ar also invites people from around the wortd to take part The centre 81so hobds weekly tsble tennis sessions.Lttal blke rides and the dally mile during hall tem. These sw3sions often attract over 200 p8rUdpants per week. Obi8cdv8 4: E)MiC well b* Volunt8ering and part-time bmploymont of local people wthin the centre include, Project management, Sile managernent. Administrativeloffice worf(, Play work. Youth work, Community outreath, 8efriendlng, MentNJning, Sports leadership, Event management, Caterfng. Advice and guidance, and Fund-raising. This year. we have f8cilitated woth placeffents for 4 different local hwh schools in Sandwell. The leaming objectives for the work placement indudes improving skills, knowledge, and deep understsnding of financial development of a company. The centre works with 121(Kal volunteers to help thern gain vo¢alKThI skills and exp8ri0nce.
FRIAR PARK MILLENNIUM CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Objective 5: Educatlon &1gamiThJ Littl8 logerKls havè b8on based at the centre since 2014 and Is a welkrun pwes1th with 5 staff and rrentrY 40 children offering early years educati¢Jn.The centre also supports one to on8 teachlng and fem edtion use the centre 3 days a week to supwrt children and young peopl8 who struggle at school. The centre hosts Ioc41 councilor surgeT18s providing k)cal communlty Champions with a volc8 to expres$ thelr COfKerns and vlews for th8 ward. Obi8dlve 6: Social Entsrprise As well as the Servicè Level Agreement funding provlded by Sandwell Metropolllan Borough Coundl rental income from anchor tenants and s8Thice user5, the centre 15 constanty IcKJking at Ways to generate income and fund projects. We curTenty generate income by renting (xrt car park space to a loc81 company to house storage contalners and have 8 monthly Incom8 for houslng the C.C.T.V. equipment for th8 estate, Objectiv8 7: Social Coh88ion In shaping (r obiecliv8s for the year and planning our a(ivitl88. the trustee5 have crnsidered the Charity Commission's guNlance on public benefft. induding the guidance 'public banoffit: wnning 8 charlty (P82)'. The centre r81188 on grants and the income from rentsl to cover Its operating costs. Our anchor tenant provldes free nursery provk81on for local parents (Litt18 Legends). Affordablllty and acc888 to our programmes Is Important to us and Is reflected In our prlclng pollcy where actlvities for young people are free of charge and room hire for the weakly dubs and sports activities are easily affordable. Fem education a180 run8 4 days a week to support young people who are not managing in schools and provides SUPFth. One to one teaching also come 3 times a week to give young people Ihe one to one support tw cannot get in school. We endeavor to encourage all within our c(Thmunlty to tske part in our acllvltles and to attend our community events and fun days. Family bakes and HAF rjessions. We have provided Sports sessN)ns for girts from different ethnic backgrounds which has enabled them to ty new sessions and meet new frierKIs. Centre staff and trustees have worked hard to decorate the centre and wo arn Openh Ihe Ixntre for partie5 and communty bookings seven days a vffjek from 8am til 11pm. Mosl of our trustees. a¢tNity leaders. volunteers and memb8rs are fr1 the lo(¥l (x)mmuth and ale who have a passion to see th8 Friar Park Ward and its people grow and flourlsh. Aehlovoments and p•rfomanc• The tnkns are delighted to report that the FPMC has cixrtinuad to grow both fin8n(aalty and in impact on the lfves of local peopl8. We are grateful to our regular Servlce users who have nIInued to use the centr8. There have also been several posltlve achievements for the uganlsation in 2024125. We have contlnued to work Wther in partnership with over 30 local groups and extemal agenci8s to provide a wide range of mmunty activities. Of nots. remains our work wth children which conlinues io fiourish (Objective 2). The centre continues to emFkny iwo C(xnmunty Developrmnt Officer5 who been k)okYvJ for funding opportunities lo extend the rarKJe of acalviknes and pr10 that are a¥ats for resid8nts ar pathers. We have (x)ntinued to recelve grants to help fijnd the actNits8s Friar Park Millennium Cgntre runs.
FRIAR PARK MILLENNIUM CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 Fln•nclal r•vl8w Income of £99.832 was received in Ihe year Ihrough the sublettiw of ro(Ths ilhin the c6ntre. Grants totalling £255,439 re received from varlous fvnders durlng the year for work on specific projects wlthln the ntre and local community. An addltional £765 was ralsed from events being hekl, which is to be reinvested In local groups. Funding indudes the Service Lev81 Agreement from Sandwell MBC to aid stsffing and njnning costs. Restricted grants are covered in more detail in nots 10 of those accounts. The organlsation has m8lntsln8d an acceptsN8 levol of reserves. At the end of 2024r25. £124.189 has boen carrd forward In Unre8trI¢i r888rves and a balan(x remains on restrid8d funds of £46.259 to bo spent in the comir@ finan¢>al yèar. R8seMs policy Ruorvo• Pollcy 11 is the policy ol the charity that unrestricted funds which have not baen d8slgnated for a spedfic use should be malntained at a18vel equivalent to b8t6Yeen and slx month's exp8ndllure. The Irusttss consider that rgseNes at this level will gnsurè that, in ts event of a Signifint drop in furKling. they wlll be able to IntInUe the (knrity's Jrrent a(VI6S whts (x)nsld8ration is given to ways in whlth athlbtional lunds may be raised. MajorkS Rjgk Factorn To ensur6 that the organisation is more protected from fraud the trustees cor[nue to ImpleThnt the followlng recommendatlons and changes: 1. All finandal issues. probknis or (x)nc8ms must b8 reported to the treasurer arKI board the same dw and as quickly as posslble. Any susplclous tele calls must b8 discussed with the treasurer b8th any aclicn is taken. AJI stsff and volunteors are aware of fraud and the m8ltrK)d8 Used to Stéal money. 2. The bank account balance must be (ked daily Mon- Fri via bank text alerts. 3. Two people to authorhse intem8t ban.ng. s8m& as slgnlng ch8qU85. 4. Increase monthty rentsl in(x)me by ollering rr9 space to current tenanls. Struclurn, gov•manc• and manog•m•nt The charlty Is a MpanY limited by guarantee and a reglstèred charlty. The gov8mlng dOrnent ofthe organisation Is the Memorandum and Artbcles of ASSlatiOn. The body r8sponsible for tho rn8nagoment of the Charlty 1$ the Board of Tru8te85. The tru8t888 aro 8180 dlrectors for the purpose of LM)mpany law. Recruitm8nt and appointrnent of members of the tx)ard of trustees is In accordanc8 with th8 provisions LnI81n8d in Mèmtyandum arKI Artic18s of Association. None of the trustees has ary beneficial interest in the company. All of the trustees are members of the (x)mpany and guarantee to contrilwts £10 in the event of a wlnding up. The trustees. who are also the directots for the purymjse of clxnpany law, and who 8wved during the year and up to the date of signature of the financl81 ststem8nts were: Linda Matlhews (Chalr) Sirnon Hackett A Ledbury Vicky Coulthard Samantha Bradshaw William Brazier Graham Brookes Andrew Felton {Resigned 25 May 2024) (Resigned 16 May 20241 (N)pointed 27 June 2024) (AFy)inted 30 May 2024 and re4ned 15 AUtst 2025)
FRIAR PARK MILLENNIUM CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 Th8 charity Is ganIs&j so that th8 Inth dlrectorn meet r8gul•ty to manJ8 Its affars (al laast quartty). The coly1bOn ofth8 Board Gonsists of not less than thrn8 directry8 txrt wllh no mthum. The charty Is connethd to any or . the tru*ees. havlng rnado enquirios of f81k)w dlreth3 and th8 group's revlvdw ttb8t Ily ¢yJght kn havo Ind¥ldually laken. hav8 oach taken all steps that hol$1& cbw to take ag a dlr8ctor kn ordw to mako Unda matttr (Chalr)
FRIAR PARK MILLENNIUM CENTRE STATEMENT OF TRUSTEES. RESPONSIBILMES FOR THE YEAR ENDED 31 MARCH 2025 Th8 trustees, who are also the dlrectors of Fri8r Park Pthllennlum Centre for the puw ot company law. are responsib for preparing the Truste8s' R8Fkn and the financial Stateme in an(% with appltsNe law and United Kilydn Awjuntsng StarKlards (United Klngkn) Gener8*y A(rep AccwntirKJ Pr8CtiC8). Company law requires trustees to prepare finanu81 stst8ments for eath financial year whlch give a tsue and falr view of the state of affairs of the charity and of the incoming resourc88 and application of r8s0urw. Induding the incom8 and expendire, of the charitatjle company for that year. In preparfng the88 financial statsments, th8 trustoes ar8 r8qulred to: - select suftable accounting pollci88 and then appty them conslstenty: - obseprfe the methots and prinap18s In the Charities SORP: - make judgermnts and 8stimates that are reasonable and Fxudent stste whether applicable UK Accounting Standards have been followed. 8ubiecl to any materlal departur8S dlsclosed and explained in Ihe fin8nclal statements: and - prepare the financial statements on Ihe going concem basls unl8ss li Is Inapproprfate to presumg that th8 charlty wlll £tinue in operation. The trustoes arn responslblg for keeplng adequat8 aca)untlng records that diBdos0 With reasonablo accuracy at any tlme the financial posikn of the charlty and enable them to ensure that the fina181 statements comply with the Comp8nies Acl 2006. They are also responslble for satsguardlng Ihe assets 0¢ the dlarity and hence for takn.ng reasonat4e steps for the PreVenn arml detection of fraud and other irregularities.
FRIAR PARK MILLENNIUM CENTRE INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEES OF FRIAR PARK MILLENNIUM CENTRE I report on th8 finandal slatem8nts of Ihe charity for the year eth 31 Marth 2025. whlth are set ¢t on paggs 8 to 16. R•spectlv• rn8ponslbllltles of trustO06 and ?x¥mlnor The charity's tsustees, who are also the direclors of Friar Park Millenniurn Cgntre for thé purposes of company law, are responsible for the preparat4)n of the financial slat8m6nts. The trustees consider that an audit 15 not required for this year urKler s8clion 144{2) of the Charlties Act 2011 (the 2011 Ad) and that an IrKlependent examinalion is n8eded. The thanty's gross income èxceeded £250.000 and l am qualified to undertake th8 examination being a qualllled m8mb8r of Chartwed Certified Accountants. Havlng satlsfiod myseff that the charty18 not 8uty8cl to audtt undor company law and Is ollgible for Independent 8X8mination, it is my responsibillty to.. (11 examlng lh8 flnancial statements under sectlon 145 of Ihe 2011 Act", (ill to fdlow the procedures laKI down in the general DIreCns glvan by the Charfty Commission under secn 14515Xb) of th8 2011 Act,. and (iii) to state whether parti(xJlar matters have c¥Jme to my attentbon. 8a81s of Ind•p•nd•nt •xamln•f• rnport Ind•p•nd•nt •x•mln•rf• stat•m•nt In connection wlth my examination. no matt8f has o)rne to my att8nth)n: la) which gives reasonable cause lo boli9V8 Ihat In any material r8sp8d th8 r8qulrements: to keep accounting record$ in accordance with Sectlon 386 01 the Companies Act 21J)6: and (11) to pr8pare accounts which accord wlth th8 accountlng records. comply with the accountlng requirements of section 396 of the Companles Act 2006 and with the methods and wlnciples of th8 ststement of Recommended Practlce: Accountlng and Reporting by Charities; have not b88n met or Ib) to which. in my opinion. 8tt8nlion shwld b8 In order to enable a pvr4)8r undorstanding of tt* fffwncial $latem8nts to b8 chad. I.C PAARSH FCCA Chartered Cerbfied Alxountant Neal and Co Business Ser4k%8 Lhnited Shakesp8are Buildings 26 Cradley Road Cradley Heath West MKllands B64 6AG Dated: 21 Novemb8r 2025
FRIAR PARK MILLENNIUM CENTRE STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 nds 2025 fund• 2025 funds 2024 funds 2024 2025 2024 Incomo from: Donations and18gacie8 Charitai4e acb¥ilies Investments 9,155 247.049 256,204 327.082 327.771 79.029 166 78.930 1,244 1,244 Tot•1 Incom• 110.231 247.049 357,280 79,785 327.181 406,966 Expondltur• on.. Charitsble aclwities 1,957 238.059 339,016 44.802 322.618 367.420 Total •xp•ndllur• 100,957 238.059 339,016 44,802 322.618 367,420 Net Incom• 9.274 8.990 18,264 34,983 4.563 39,546 Transfers belween funds {6,319) 6.319 {26.830) Not mov•m•nt In fund• 2.955 15.309 18,264 61.813 (22.267) 39,546 R•conclll8tlon of funds: Fund balances at 1 April 2024 121.234 152.184 59.421 53.217 112.638 Fund balancm •t 31 March 2025 124,189 46,259 170,448 121,234 30,950 152.184 The ststernent of financial activities indudes 8H galns and Ios88s recognis8d in tho year. Al irKx)me and expenditure d1¥8 from conlinulng acbvikne&
FRIAR PARK MILLENNIUM CENTRE BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Curr•nt a•Mt• Debtors Cash at bank and In hand 11 4.785 177.864 17,832 148.565 Crodftorn: amounts falllng du• wlthln one y•ar 182,649 166.397 12 {12.201) (14.213) N•t curr•nt asth 170.448 152,184 The funds of the ¢harfty Restricted income funds Unrestrr¢te(I funds 14 46,259 124,189 30.950 121,234 170.448 152,184 Th8 company Is 8ntlll8d to th8 exampkn from th8 audlt roqulrement (xyitalned Sn se(Xlon 477 of th& Conyn18s Acl 2006, for the year ended 31 MBrch 2025. Thè drectors ackno¥¥ledge thr respon8ibllttl8s for complylng wtth the requlrements of th8 Compan58s Act 2006 r88pect to sOUnng records and the prep8ratlon of financlal statements. The membeTr have not required th8 (x)mp8ny to obtain an audll of its financlal 8tstem8nts for the year In question In accordance with sedion 476. These financial statements have b8en Prepared in acrdanCe wllh the provlslons applicable to (x)mpanles subject to the small companies regime. The fin8nrAal st8tsnnts were approved by the tru8tees on 21 November 2025 Linda Matthews (Chair) Trust••
FRIAR PARK MILLENNIUM CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollclo• Charlty Infornutlon Friar Park Millennium Centre is a private company limited by guarantee incorporatsd in England and Wal88. The registered office is Friar Park Road, Wednesbury, West MKllands. WS10 OJS. 1.1 Ac¢ountlng conv•nllon The financial ststements have been prepared In accorfance wilh the charivs govemirwJ do(yJment. the Cornpanles Act 21Th, FRS 102 Yhe Financial Reporting Standard appli(ab in the UK and Republic ol Ir8land" and Ihe Charitles SORP 'A¢OntIng and Reporting by Charities.. Ststement of R8comm8nd8d Practice applr¢abl8 to charilles preparirvJ their a¢¢¢)unts In a¢cordanc8 wlth th8 Financial Reporting Stsndard applicable in the UK and Republlc of Irdand (FRS 102>.. The charity is a Public Benofit Entity as defined by FRS 102. The charfty has taken advanlagg of the prov1s1o In the SORP ky cha16$ nrA to prepare a stalwnent ol The financlal statsments are prepared In sterflng, whlth 13 Ihe functlmal rrencY of the charlty. Mongtsry amounts in these finanual ststements are Tound8d to the nearest £. The financial statements have been prepared urKJer the historical ryjst Ixjnvention, [modffled to Include the revaluailon of freehold propertles and to include investment prop8rti8S and cfjrtain financial instruments at falr valuej. The principal accounting pcdi(i8s adopted are set out bek>w. 1.2 Golng concern At the time of approvlng the fjnanaal statements. the truslee8 have a rea80nable expectatlon that th8 chaftty has adequate resourc8S to continue in operabonal existence for the foreseèable future. Thu8 the truste8s contlnu8 to adopl thg golng concam basis of acoyjnlng In preparing the financial statements. 1.3 Charllabl• fund• Unrestricted funds ar8 8vallable for us8 at the dlscretlon of the trusle88 In lurtheranco of thelr charitstAe objecti've8. Restricted funds are subject to spe(afic condlllons by dorr3 or grantors 88 to how may ba used. The pury)oses and uses of the rnstricted funds are set 4)ut in the leS to thè fin8nd81 ststements. Endonent funds are subject to 8pecffic cond1t1(S ty donors that the c4pltal must be rna1ntslr by the charity. 1 A Incomlng r•sourc•s Income is recognised when the tharity is legalty enblted to it after ary perflyM C(Thjitknr have been the amounts can be rneasur8d r8labty. and it is wobable that inwm lll be received. Cash donattons are recognlsed on reIPt. Other donatlons are reLwnised once the (8rlty h8s been nollfied of the donalion. unless perfomiance conditions require deferral of the amount. IncxThe rewverable in relation to donations received under Gift Aid or deods of covenant is rec>)gnlsed at the time of the donation. Legacies are recognised on receipt or oth8rwis8 rf the (tharity has been notified of an impendiry dBtribution. the amount is known. and receipt expected. If the amount is not knovm. the legy is treated as a (J)ntingent assoL
FRIAR PARK MILLENNIUM CENTRE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 (Contknu•d) 1.5 R••ource• •xp•ndod Expenditure is rec(wised as and Wh 1nJrr8d. th8 dwrity. 1.6 Tanglbh Ilx•d u••ts Tangible fixed assets are initially measured at cost and 8ub80quently measured at cost or valuatlon. net of depreciati and any impalmwil10s888. Depreualjon is rowised 60 as to wrttè off Ihe cost or valuatlon of as88ts18s8 thelr resKlual values over their useful lives on ts fdkrlthg base5: Plant and machln8ry 25% $tr81gM Ilne basis The gain or loss arising on the dispM)sal of an asset Is delemiined as thè differencè belween the le proceeds and thè c8rrylng v8lu8 of th8 8888t, and 18 recognssed in the ststerrnnt of finandal 8dvlll88. 1.7 C••h •nd ¢a•h •qulvl•nts Cash and c8sh equivalents include cash in hand. deposits held at call wtth banks. other short-tem liquid investrnents wrth original maturities of three Montr or less. and bank overdrafts. Bank overdrafts are shown wllhin borrowings in current Ilabilities. 1.8 Flnanclal In8trumont• The lollowing assets and Ilablmtles are dasslflod as financlal Instrum8nts- trade d8bt(n and tradè (rnjltorn. OXPaCted to be paid or recaived. 1J Employee nefIts Temination benefits are recognised Immadi8tely as an expense when the tharity is denstablY (xJnNnittad to tèmiinat8 th8 emptynent of an employee or to provide temwnation benefits. 1.10 R•tlr•ment b•nefft• Payments lo definad cThitrlbutton r8tlrem8nt bonafft schemes are charyed as an expense as they fall due. funds 2025 funds 2025 funds 2024 funds 2024 2025 2024 Donallons and gifts Grants 765 8,3 765 255.439 4,252 323,519 247,049 323.519 9,155 247.049 256.204 327.082 327.771
FRIAR PARK MILLENNIUM CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Unr••trlct•d Re8trl¢tod fund• 2025 Tolal Unr••trlct•d Rmtrlcted fvnds fund• 2024 2024 Total 2025 2025 2024 R?ntal of c•ntr• CharitabFe rental nme 99,832 99,832 78.930 79.029 In¢om• from In¥tsn•nts fund• 2025 fund• 2024 Interest recelvable 1,244 Charftabl• •ctlvttl 2025 2024 Staff i¥ Provlsk)n of recreatbonal and lelsure lacllttla8 231,063 107,953 247,953 119,467 339.016 367,420 339,016 367.420 O••¢rlptlon of charltabh actlvttl•• Chafitable r8ntal Income 2025 2024 The nel movement In funds Is stated after charging1(edIt1ng)'. Fees payablo for the indeperthnt examination of the dr8 ffinanclal ststen 1250 1.250 None of the trustees (or any Pa oinnected with them) received any remuneration during the year for their duti8s on the Board.
FRIAR PARK MILLENNIUM CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The averagè monthly numbor of employees duriry thè year was: 2025 Numb•r 2024 Numb•r 10 Employment costs 2025 2024 Wages and salarles Sodal securlty costs 210,446 15,153 228,387 13,989 5.577 231.063 247,953 Thera were 8mploy888 wh08e annual remuneration w88 more then £60,000. 10 Taxatlon The charity is ex8mpt fr(ffi taxatlon on Its actfvltles because 811 Its Income Is applled for charttable purposes. 11 D•btor• 2025 2024 Amounts falllw du• wlthln on• y•ar. Trade d8bto Prepayments and accrued income 3,751 1,034 16.751 1,081 4.785 17,832 12 Crlt01•. amounts lalllng du• wtthln ono y•ar 2025 2024 Other taxatlon and sodal 8ecurtty Other ueditors 4,454 6.690 1,240 6,283 6.907 12,201 14,213 13 R•tlr•m•nt ben•fft •chwn 2024 Charg8 to pmffit or loss Ki respect of defined contrlbution sch8m8s 5.577
FRIAR PARK MILLENNIUM CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 R•tlrom•nt Khemos IContlnu•d) The charity operates a d•fingd c4)ntributs'on pension stheme for all qualifying employees. The assets of thè scheme are held separatety Irom ItM)se of the chanty In an indepeOrlY admlnlstered fund.
FRIAR PARK MILLENNIUM CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Re•trkt•d funds Th8 restricted funds of th8 charity comprise the un8XP8nded balanc88 of donafjorffj arrfl grants held on trust 8ubiec to specific ciJndFtI($ by donors as to how they may be used. PA0v•m In fundl Balanc• at 1 Inw)mlng RMourc•8 Aprfi 2024 Tran8f•rn Balan at 31 IA•r¢h 2025 Sandwell MBC - Centre Managemenuslaffing Costs Big Lottery SMBC -HAF's Know Your NeightM)urhood Cost of LIng DNgs and Alcohol Saturday Swrts Persian Hom88 Park DevelopThnt LGBTQ Leamlng through Play Senlor Youth Club Parènt & Toddler G)uP Henry Smith Eveson Tntst scvo other r8Stlcted funds 39,000 7.340 57,602 14,7¢)0 (39.0001 (641) (58,719) (17,329) (7.5351 (12.995) 12,213) (4,720) 445 13,649 1.117 7,144 (2.886) 1,512 7.535 541 14,846 2,392 1,671 (280) 1,561 623 1,028 6,881 105 1.561 1,431 4.708 29,667 (3.9CM)) (31,070) (7,021) 375 140 105 16,809 60,300 (43.491) 5,142 4,880 (4,703) (4.722) 61 (138) 247,049 <238.059) 6.319 46,259 Sandw•ll MBC - C•ntr• manag•m•ntl8tafflng costs - Tho alm of thls fund 1$ to 8sslst In the dellvery of community centre advitiés. It is used lo contribute towards the salaries of site management and It relates to Service Levgl Aweement (SIA} betwe Sandwell M8C arKI Frlar Park Mlllennlum Centre. 81g L¢thry Communhy Conn•ctor- This grant thich will run far ovor 3 yoars. by providlrvj ovents, such as Egster, Halloween and Christinas. and providing yoar-round workshops. to help elevat8 soclal isolation. improve physlcal health. and aid In mental health supwrL Thls grant is tarfvd towards those with lower income and th058 in tMJ¥erty. Th8 hope wrth this fvndiTrJ is to help those nK)St disadvantaged wlthin the mmunty. HAF- This fundlng ran across multlple occaslons throughout the year. 8im8d at thildren 6-14 and in chiklren with speoal educational needs up to 16 years old age. It was a Child led event, where the children could set the programme and tailor il to their interests. such as arts and crafts. board games. group activi8. Breakfast was induded where children coukl W involved in cooking. suth as par)cake maklng. ar¥J a hot lunch was glven. We had an onsite sport coach. to en(x)urage physical acbwty, and a daity mile walk w)ukl mr. The children wheré also taken off sit8 to trips and excursis. whith was fully funded by the grant. as well as mor8 local based trips to the canals and parks. Know your Nelghljourhood - We support people with mental heahh isolation loneliness tsknng thn on bike rides nal walks organizing famity adivity such as Family bakes, and Mothers day event. Helping them with benefft forms and C.V writing. We are also working in partnership wtth the dockns next door who ar8 r818fring people to us whith has helped us set up a that and c8tth up arNJ a nit and naller. We aro also in partrsh> *ilh Cranst(x) we supp)rt pwjple wllh drug and akohol abuse.
FRIAR PARK MILLENNIUM CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 (Contknu•d) Cost IMng- Supported the cornmunity to (x)rne a k)ng in the week hot fo(Kl a drinks through the winter, Weekend we would pul on a carvery vthere 50 resklthts and famty menkn would come alorvJ and hav8 a hot meal and drink Drug and Alcohol: Worklng alongskle Cranstoun who rents roorns from us 3 days a week. We offgr support arbd chats do refèrrals to Cranstoun offw IOCAI bik8 rid8s a1 communty walks. Putting on a tea aftemcmm do tralniry and supwting Ihe coThwnunty giviry trn a safe place to attend saturday Sport• - Th18 dub runs every Saturday from 11am unlll 12:45pm for ¢hlldrnn 8ged &12ye8r8. 'Sporty saturda as the chlldren eall it. W8 do all actrvlti8s from football. basketball dThe ball, assault courses and more. We provwje water and lulc4 for all: the proiect Is to hav8 a posltlve impact on th8 chlldr8n'ung peoples m8ntsl health and 6n8ure that they are havlng access to stay physical prom1ng a h8althy Ilfe styi8. LGBTQ . Tr alm d the LGBTQ grant Is lo tr11d conn8cthn. {X)fi. and w8lb8ifKJ Pin thè communty by offerirvJ incluslve actitIeS such 88 blk8 rfdes. coff88 momlno8. and social events that encourage frlendship. 8UPPOrt. and a Sansa of belonglng." Hgnry Smlth grant 18 for 3 y88rs The aim of the Henry Smlth grant18 to use Its resources to rnducé social and economic di$8dv8ntage by empowering indmdugls and communities. increasing resllience 8nd lrfe opportunities, and strengthen#w communities through indusrve, grassroots organi8ations. This atso on 2 to 3 events per year and provides Iree aLivities for the (x)mrnunty gmng them a safe fv. Ev•rnon TnAt -Yhe aim of the project is to provide a 8afe, 8upporb've, and engaging youth dub children aged 12 for 29 weeks. off9ring posilive activi that build confid8nce, develop social skills, 8ncourag8 healthy Ilfestyl8s. and glve young people a safe place to team, play. and grow.. 15 Anaty•l• of not ••••t• b•twwn fvndl Totsl fund• 2025 fund• 2025 2025 At 31 March 2025: Current as88tsllllabllltles) 124,189 170.448 124,189 46,259 170,448 Total fund• nds 2024 2024 At 31 March 2024". Current as8etsl{Iwbilities) 121,234 152.184 121.234 152.184