Charlty Reglstratlon No. 1112496
Company Reglstratlon No. 06116738 (England and Wales)
KAJANS WOMEN'S ENTERPRISE LIMITED
ANNUAL REPORT AND INDEPENDENTLY EXAMINED FINANCIAL
STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

KAJANS WOMEN'S ENTERPRISE LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Ms C Richards
Mr L Richards
Miss R Burrell
Mr K Bascombe
Ms M Coke
AdvSsor8
Mr D Anderson CBE
Mr K George
Mr C Morrison
Independent Consultant
CEO Govemance Forum
Consultanl Organisational
Development
Charity number
1112495
Company number
05116738
Reglstered office
The Albert Hall
Witton Road
Aston
Binningham
West Midlands
B6 5NU
Independent examiner
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Dro1￿ICh
Worcestershire
WR9 9AY

KAJANS WOMEN'S ENTERPRISE LIMITED
CONTENTS
Page
Trustees, report
Independenl examiner's report
Statement of financial activities
Balance sheet
Notes lo the a￿OuntS
10-19

KAJANS WOMEN'S ENTERPRISE LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their report and financial statements for the year ended 31 March 2024.
All Kajans charitable activities focus on community based projects offering clear purpose. a focus on actions lo
achieve longer tem sustainability and access for the widest public benefit.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the chaiilable company's governing document. the Companies Act 2006
and "Accounting and Reporting by Charities.. Stslement of Recommended Practice applicable to charities
preparing iheir accounts in accordanGe with the Financial Reporting Standard applicable in the UK and Republi
of Ireland {FRS 102) (effective 1 January 20191
Objectlves and actlvltles
Kajans, mission is to enhance the lives of the residents of the West Midlands, with a primary focus on North
Birmingham and neighbouring ¢ommunilies I'lhe area of benefit"), The charity is dedicaled lo serning all
residents, regardless cf gender, political affiliation, religious beliefs. or other p8rspectives, by fostering
partnerships between local aulhorilies, voluntary organlzations. and community members.
Kajans is committed to promoting long-term Gommunity sustainability through assel-based development and
collaborative working. Ils objective is to empower communities to take ownershlp of their nelghbourhoods,
thereby investing in their future.
The charity's core areas of service include..
Educatlon and Tralning.. Providing educational opportunities and skills development.
Resource Centrg Facllltles.. Offering a community hub for diverse, multi-ethnic communities.
Arts and Support for Artlsts- Encouraging emerging artists, particularly those from 8la¢k African and
Caribbean backgrounds.
Affordable Communlty.Led Houslng.. Developlng eco.friendly. sustainable housing to address local
housing need8 across the West Midlands.
Search for Inveslment
Kajans has made significanl progress in its investment efforts. An initial phase involved support from
community investors, raising approxirnalely £270.000 to facilitate the acquisition of the former WELD
Community Education and Training Centre. Following this acquisition of a 250-year lease, Kejans was able
to secure a loan and grant funding from Charity Bank and the Department for Levelling Up, Housing and
Communities. These funds are earmarked for the transformation of the WELD Centre into a Community
Creative Hub. Allhough the fvnding was delayed due to the election-￿lated purdah period, it is anlicipaled
that the renovation will commence promplly in the new financial year. as all pre-construclion planning
requirements are fulfilled.
Further investment is anticipated through the launch of a Community Share Offer, which will allow members
of the general public to participate through patient capllal investments.
Publlc beneftt
In determining its actiwties, the Trustees have carefully considered guidance from the Charity Commission to
ensure the Charity's activities provide clear putrfic benefrts.

KAJANS WOMEN'S ENTERPRISE LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achlevements and performanc8
Kajans has shown exceptional resilience in navigating the ongoing challenges stemming frorn the COVID-
19 pandemic, although recovery remains gradual. One persistent challenge has been the reduction in local
voltsnleer engagernenl. accompanied by an increased demand for basic cost-of-living support. Despile
these hurdles, the organisation has adapted creatively to Sustain ils mission, building on the dedication of
committed volunteers.
The 2023-24 period was largely one Of consolidation and planning, focusing on feaslbility studies and
consultations lo refine the charity's strategic objectives and explore innovative ideas for community impact.
These efforts have provided c18rity on Kajans, long-tèrm suslainabilily goals and infamed decision5 around
future inilialives.
Notabl8 progress has been made in developing a vision for transforming 35 Wilson Road (the former WELD
Building} into a Community Creative Hub. This project. backed by a grant from the Department for Levelling
Up. Housing and Communiti&s, will repurpose the sile as an inclusive centre with a focus on young people
on the autism spectrum, along with facilities for community groups, educational activities, and cultural
events. Construction is scheduled to be compleled in the spring of 2025.
Upon Completion. this project will offer numerous environmental benefits, including the removal of derelict
structure5, installation of energy-efficient lighting, and 24-hour surveillance to prevent fly-tipping. This
Tedevelopmenl aligns with Kajans, commitment to sustainable land usè. incorporating renewable energy
solutions and energy-efficient design to reduce the overall carbon footprint and enhance local air quality-
The project underscores Kaians, dedication to fostering cleaner. greener, and more sustainable
neighbourhoods.
Muhammad All Slte {MAS) Development
Resource ¢onstraints have slowed the charity's progress on the Muhammad All site development. However,
Kajans remains focused on fulfilling planning requ1￿MentS and refining the strategy for this development,
which will serve as a key component of the ¢harity's future investment Initiatives.
Kajans continues lo benefit from collaboration with Ihe Cooperative Society, which overs8es community
share initiatives, and a broad network of community partners including Octavius, EU2 UK. Birmingham
Independent College, wmuch, Nehemiah Housing Association, and Wesl Midlands Faith in Action. This
alliance has proven invaluable in advancing Kajans, mission and wll continue to yield b8nefils for local
communities.
Strategic Partnershlps:
Locality.. This partnership remains rofjjst, wilh Locality providing essential support in accessing funding
opportunili@s and information resources.
Birmingham City Council {8CC)-. Kajans has developed a mutti-faceted relationship with BCC. exploring
various collaboration opportunities, some of which are yet to be formalized.
Birmingham Independent College IBIC).. A ¢ollaboralive effort with BIC aims to support young people
with autism and learning disabilities in transitioning to employment. This partnership is expected lo play
crucial role in Kajans. future housing and education initiative5.
OPAL, Aurora, Meals for Elders: The need for elder care. particulady addressing challenges like vascular
dementia in Caribbean heritage communities. is expected to grow. While current capacity has limited
actions in this area, Kajans remains committed lo developing support initiatives in the futu￿.
Future Doveloprnent of Wllson Road
Kajans has received planning permIs￿On to transfom half of the Imlson Road 8ite into a shared
accommodation for young women transitioning into adulthood. Research highlights a heightened need for
this setvice, as young women in the area face disproportionate challenges in employrnent and housing
stsbilily. Further consultations confirmed the importance of this facility. which aligns with Kajans. strategic
Commitment to 8ddressing community-spe¢ific needs.
Kajans continues to demonstrate resilience, forward-thinking approach, and dedication to community-driven
development and sustainability, in an attempt to set a solid foundation for impactful growth in the coming
years.

KAJANS WOMEN'S ENTERPRISE LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Flnanclal revlew
In the year Kajans has much of its available capacity on r8search, development. consultation and collaboration in
an attempt to identify new opportunities lo d8velop communily-led afft)rdable housing in response to targeted
needs and demands in the locality. Much of the last 12 months has been filled with commissioning information in
the quèst to obtain planning approval for the development of a multr-use space on the Muhammad Ali site in
Hockley.
The net outgoing resources for the yearwas £94.181 {2023- net incorning resources of£140,120).
Nel assets as at the year end was £383,42212023 - £477,603).
The charity plans lo continue for the forthcoming years subject lo increased incom8 generation and satisfactory
funding agreements.
Reserves polS¢y
It is the policy of the charity that unrestricted funds which have not been designated for a speclfic use
should be maintained al a level equivalent to be￿een three and six month'5 expenditure. The charity
considers that reserves at this level will ensure that, in the event of a significant drop in fundlng, they will b8
able lo continue the charity's current activities while consideration is given to ways in which additional funds
may be raised.
The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems
are in place to mitigate 8xposure to them.
Prlnclpal fundlng source
The principal funding source for the year includes donations and granl income. The charity is in the process of
seeking new funding sour¢es in which lo fund future projects.
Inv8$tment pollcy
The Trustees have the power to invest In such assets as they see fit.
Rlsk management pollcy
The Trustees have assessed the major risks to which the charitable company is exposed, and are satisfied that
systems are in place to mitigate exposure to the Major risks.

KAJANS WOMEN'S ENTERPRISE LIMITED
TRUSTEES. REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Future Plans
Kajans main focus will be to increase its asset base as one part of its strategy to improve self-reliance. Capacity
will be tumed toward the development of the Muhammad Ali site obtained from Birmingham City Council under
an open tender prtxess. The Charity will prioritise the development of all plans to provide eco-friendly,
sustainable and Affordable Housing in deprived areas across the city, over the n8* 3-5 years. Kajans will
continue to seek out opportunities to provide high-quality cultural experiences on the 'door step. that will be the
bridge to city-wide provision, though this will not distract from the main objective of seeking long-term
sustainability- We have long held the view that the centr81 cultural providers al the heart of the city do not extend
their resource51creativity to neighbourhoods in any way that is impactful. ￿ere possible we intend to create
effective partnership with mainstream providers that will become the catalyst for locally developed arts,
enterprise and cultural programmes.
As we approach 2025, confident in being assessed and approved as investmenl-ready. we plan to deliver
renovation and development plans for all assets over a 5-year period. The Community Creative HUB'S planned
renovation5 in 2024125 will mark the beginning of this Iraje¢tory. Additionally, working with our partners
commitment lo addressing the soci81 welfare needs of elders of the Imndrush generation remains unwavering.
Appreclatlon
Our supporters, collaborators. funders and ¢hampions have been invaluable, and we wish to extend our deepest
gratitude to all those who have played an instrumental role in sus18ining our endeavours, by expressing our
appreciation of the profound impact of the commitment to our journeys thus far. Your unwavering support, be it
financial ¢ontributions, shared resources, or collaborative efforts. has been the comerslone of our resilience.
Finally, the Trustees extend their appreciation to our team of contractors, volunteers, and advisors for the paid,
pro bono and free assistance provided, Your belief in our vision and unwavering dedication has propelled us to
new heights. Together we will navigate the next 12 months Charting a future where our shared impact
reverberates in the communities we serve.

KAJANS WOMEN'S ENTERPRISE LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Structure, governance and management
The charitable company is controlled by its governing document, being ils Memorandurn and Article5 of
Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act
2006.
The trustees. who are also the directors for the purpose of company law, and who served during the year and up
to the date of signature of the financial statements were..
Ms C Richards
Mr L Richards
Miss R Burrell
Mr K Bascombe {Secretary)
Ms M Coke
None of the trustees has any beneficial interest in the company. All of the trustees are members of thè company
and guarantee lo contribute £1 in the event of a winding up. The Board of Trustees are responsible for making all
final and in principal decisions relating to the operation and management of the company although they will cften
seek specialist advice. Kajans believe that effective management is by rigorous and continuous moniloring antj
assessment of policies and practices allowing lor constant awareness of issues as they arise. Trustees, meetings
are held befvleen 8 and 12 times a year to ensure that there is adequate review of the financlal, operational and
strategic performances of the charity's activities.
All new trustees receive induction and training from the Board. This covers the charilable objects an'd
responsibilities of Irustses, together with syslems of intemal control and regulatory framework.
The trustees have conducted th8ir own review of the major risks to which Ihe charity is exposed and systems that
have been established lo mitigate those risks. Significant external risks to funding have led to a development of a
strategi¢ plan that will allow for Ihe diversification of funding and activities. Intemal risks are minimised by the
implementation of procedures for authorisation of all transactions and projects and lo ensure consistent quality of
delivery for all operational aspects of the charitable organisation. Th8se procedures are periodically reviewed to
ensure that they still meet the needs of the charity.

KAJANS WOMEN'S ENTERPRISE LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Statement of Trustees, responslbllltles
The trustees. who are also the directors of Kajans Women's Enterprise Limited for the purpose of company law,
are responsible for preparing ihe Trustees, Report and the financial 5t8tements in accordance with applicable law
and United Kingdom Accountlng Standards (United Kingdom Generally Accepted Accounting Praclicel.
Company Law requires the trustee5 to prepare financial statements for each financlal year which give a true and
fair view of the state of affairs of the charitable company and of the incoming ￿SOurceS and application of
resources. including the income and expenditure. of the charitabl& company for that year.
In preparing these financial slatemenls, the trustees are required to..
select suitable accounting poli¢ie5 and then apply them consistently..
observe the methods and principles in the Charllie5 SORP.,
make judgements and estimates that a￿ reasonable and prudent.,
stale whether applicable UK Accounting Standards have been followed, subject to any matertal departures
disclosed and explained in the financial statemenls; and
prepare the fin8ncial slalements on the going concem basis unless il is inappropriate to presume that the
charitable company will continue in operation.
The twslees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the charitable company and enable them lo ensure thal the financial statements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of Ihe charitable
company and hence for taklng reasonable steps for the preventlon and detection of fraud and other irre9ularilie5.
The Trustees, report was approved by the Board of Trustees.
Mr K Bascomb8 ISecTetaryl
Trustee
Dated.. 16 December 2024

KAJANS WOMEN'S ENTERPRISE LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF KAJANS WOMEN'S ENTERPRISE LIMITED
I report to the trustees on my examination of the financial statements of Kajans Women's Enterprise Limited (the
charitable company} for the year ended 31 March 2024.
Responslbllltles and bas15 of report
As the trustees of the charitable company land also its directors for the purpose5 of company lawl you are
responsible for the preparation of the financial statements in accordanGe with the requirements of the Companies
Act 2006 {the 2006Acti.
Having satisfied myseff that the financial statemenls of the charitable company are not required lo be audited under
Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the
charitable Company's financial statements canied out under section 145 of the Charities Act 2011 {the 2011 Act). In
carrying out my examination I have followed all the applicable Directions given by the Charity Commission under
section 145{5)(b) of the 2011 Act.
Independent examlner'$ statement
I have completed my examination. I confim that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respecl of the charitable company as required by section 386 of the 2006
Act.. or
the financial statements do not accord with those records., or
Ihe financial slalemenls do not comply with the accounting requirements of section 396 of the 2006 Act other
Ihan any requirement that the accounts grve a true and fair view which 55 not a matter considered a5 part of an
independent examination., or
the financial statements have not been prep8red in accordance with the methods and principles of the
Slatement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic ol Ireland (FRS 102).
I have no concerns and have Come across no other matters in connection with the examination lo whi¢h attention
should.be drawn in this ￿POrt in ord8r to enabl& a proper understanding of the financial ststements to be reached.
Colm McGrory FCA
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershlre
VVR9 9AY
Dated. ..1.8.1.1212Q.2.t

KAJANS WOMEN'S ENTERPRISE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlcted Re8trlGted
funds
funds
Total
2024
Total
2023
Notes
Income and endovmients from..
Donations and legacies
Investments
Other income
48.226
111
14,222
71,650
119,878
111
14,222
8,753
20
Total Income
62,559
71,650
134,209
8,773
endl
ure
Raising funds
2,100
Ch
General running costs
Fixed asset depreciation
Muhammad Ali Centre project
51.332
41,129
798
52.130
41.129
135,131
44.812
41,131
60,850
135.131
Totsl charltable exppndltLtre
92.481
135,929
228,390
146,793
Total resources expended
92,461
135,929
228,390
148,893
Net outgolng resourcès before transfer8
(29,9021
184,279)
(94,1811 {140,120)
Gross transfers between funds
(28,703)
28,703
Net expondlture for the y8arl
Net movgment In fund3
(58,605)
{35,576)
(94,181) {140.120)
Fund balances at 1 April 2023
422,377
55,226
477,603
617,723
Fund balances at 31 Ma￿h 2024
363.772
19,650
383.422
477.603
The statement of financial activities includes all gains and losses recognised in the year.
The statement of finanrial activities indudes all gains and losses recognised in the year. All income and
expenditure derive from contlnuing actlvities.
The statement of financial activities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.

KAJANS WOMEN'S ENTERPRISE LIMITED
BALANCE SHEET
AS AT31 MARCH 2024
2024
2023
Notes
Flxed assets
Tangible assets
12
892,227
933,356
Current a888ts
Debtors
Cash al bank and in hand
13
1,800
62,495
1,200
92,981
84,295
94,181
Credltors: amounts falllng due wlthln
one year
14
(227,0201
(203,854)
Net Current liabilities
1162,725)
{109,673}
Total assets les8 curr9nt Ilabllltlès
729,502
823,683
Credltors.. amounts falllng due aftor
more than one year
15
(346,080)
1346,080)
Net assets
383.422
477,603
Income funds
Restricted funds
Unrestficled funds
16
19,650
363,772
55,228
422,377
383.422
477,603
The company is entitled to the exemption from the audit requirement Contained In section 477 of the Companies Act
2006, for the year ended 31 March 2024.
The directors acknowledge their responsibilities for wrnplying with the requirements of the Companles Act 2006
with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of it5 financial statements for Ihe year in question
in accordance with sectlon 476.
These financial statements have been prepared in accordance with the provisions applicable lo companies subject
to the small companies regime.
The financial statements were approved by the Trustees on 16 December 2024
Mr K Bascombe (Secretary)
Trustee
Company Reglstratlon No. 05116738

KAJANS WOMEN'S ENTERPRISE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles
Charlty Infomiatlon
Kajans Women's Enterprise Limited is a private Company limited by guarantee incorporated in England and
Wales.
The registered office is TheAlbert Hall, Wtton Road, Aston, Bimiingham. We51 Midlands, B6 5NU.
1.1 Accountlng ¢onventlon
The financial statements have been prepared in accordance with the charitable company's governing
document,
the Companies Act 20Cf and "Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) (effects've 1 January 20191" The
harilable company is a Public Benefit Entity as defined by FRS 102.
The Charitable company has taken advantage of the provisions in the SORP for charities applying FRS 102
Update Bulletin 1 not to prepare a Slalement of Cash Flows.
The financial statements are prepared in 51erling, which is the functional currency of the charitable company.
Monetary amounts in Ihese financial slalements are rounded to the nearest £.
The financial slalements have been prepared under the historical cost convention. The principal accounting
policies adopted are sel out below.
1.2 Golng concern
The trustees consider there to be sufficient reserves and Committed volunleers to sustain the charity until new
sources of income can be secured to fund flrtU￿ projects.
1.3 Charltable funds
Unrestricted funds are available for use al the discretion of the twslees in furtherance of their charitable
objectives.
Restricted funds are subje¢l lo specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial ststements.
1.4 Income
Income is recognised when the charitable company is legally entitled to it after any perfomiance conditions
have been mel, the amounts can be measured reliably, and il is probable that income wjll be received.
Grants related to performan￿ and specific deliverables are accounted for as the charity earns the right to
consideration by its performan¢e. Where income is received in advance of its recognition it is defe￿ed and
included in creditors. lthere entitlement occurs before income being received the income is accrued. Capital
grants are accounted for as income as soon as they are receivable.
Legacies are recognised on r￿elpt or olherwise if Ihe charitable company has been nolffied of an impending
distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as
8 ccntingent asset.
Donated facilities and services received for the charivs own use which it would otherwise have purchased
are recognised in income during the period in which such services are received. provided the value of the gift
¢xn be measured reliably.
The ¢harity benefils from the contribution of unpaid general volunteers in carying out their activities. However.
iys impractieal for their contrrbution to be measured reliably for accounting purposes.
10-

KAJANS WOMEN'S ENTERPRISE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
A¢countlng pollclos
ICont5nued)
1.6 Expendlture
Liabilities are recognised as expenditure as soon as there is a lègal or constructive obligation committing the
charity to thal expenditure, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is aGcounted for on an accruals basis and
has been classified under headings that aggregate all cost related to the category. Expenditure is stale
inclusive of irrecoverable VAT. ￿ere Costs cannot be directly attributed lo particular headings they have
been allocated to activities on a basis Gonsistent with the use of resources.
Costs of charitable activities comprise all costs identified as wholly or mainly altribulable lo achieving the
charitab18 objects of the charity, includlng the costs of disseminating Information in support of charitable
activities. These costs include staff costs, wholly or mainly attributable support costs and an apportionmenl of
general overheads.
1.6 Tanglble fixed assets
Tangible fixed assets are ini11811y measured al cost and subsequently measured at cost. nel of depreciation
and any impaiment losses.
Depreciation 18 recognised so as lo write off the cost of assets less their residual values cver their useful lives
on the following bases-.
Leasehold land and buildings
Leasehold improvements
Equipment
Fixtures and fittings
Computers
not depreciated (see note belowy
over 50 years (or lease term if shorter)
- 250k on Cost
25OA on cost
250h on cost
The gain or108s arising on the disposal of an asset is ¢Jetemilned as the difference be￿een the sale proceeds
and the carrying value of the asset, and is recognised in th8 statement of financial activities.
The 999 year long lease agreement governing the ownership of the long leasehold propety requires that the
charitable company has to carry out a regular programme of maintenance to ensure its premises continue to
meet the required high standards throughout its estimated usefvl life. As such, the Irusle&s are of the opinion
Ihat the residual value at the end of the estimated useful life of the long leasehold property is not likely to be
materially lower ihan its cosl. Therefore, any element of depreciation is considered to be immaterial and no
provlsion has b8en made.
Tangible fixed asset addltions under £100 a￿ not capitalised but are instead treated as repalrs.
1.7 Impalnnent of flxed assets
At each reporting end dale, the charitable company reviews the carrying amour￿ of its tangible assets to
detemiine whether there is any indicalion that those assets have suffered an impaimient loss. If any such
indication exists. the recoverable amount of the asset is estimated in order to determine the extent of the
impairment Ioss lif any).
1.8 Cash and cash •qulval8nts
Cash and cash equivalents include cash in hand, deposits held at call wth banks. other short-term liquld
investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are 5hovm
within borrowing8 in Current liabilities.
11

KAJANS WOMEN'S ENTERPRISE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
A¢countlng pollcles
Icontlnued)
1.9 Flnanclal Instruments
The charitable Gompany has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and
Seclion 12 '0ther Financlal Instruments Issues, of FRS 102 to all of its financAal instruments.
Financial instruments are recognised in the charitable company's balance sheet when the charitable company
becomes paty to the contractual provisions of the instrument.
Financi81 assets and liabilities are offset. with the net amounts presented in the financlal statements, when
there is a legally enforceable right to sel off the recognised amounts and there is an intention to settle on a net
basis or to realis8 the asset and settle the liability simultaneously.
Baslc flnanclal assets
8asic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price Including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rale of Interest. Financial assets
classified as receivable within one year are not amortised.
Baslc Ilnanclal Ilabllltles
Basic financial liabilities. including creditors and bank loans are initially recognised at transaction price unless
the arrangement constilules a financing transaction, where thè debt instrument is measured al the present
value of the future payments discounted at a market rate of interest. Financial liabilities Classified as payable
within one year are not amortised.
Debt instruments are subsequently r2rried at amortised cost, using the effective inter&st rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are rècognised initially at
transaction price and subsequently measured at amortlsed cost using the effective interest method.
Concessionary loans are Ihose loans received by a charity lo further its purposes and any interest charged is
either nil or below the prevalling market rates and are not made solely to achieve a financial return.
Concessionary loans are initially recognised and measured at the amount received, with the carying amount
adjusted in subsequent years lo reflect repayments and any a¢crued interest.
Derecognltlon of Ilnanclal liabllitles
Financial liabilities are derecognisèd when the charitable company's contractual obligations expire or are
discharged or cancelled.
1.10 Employee bonefits
The cost of any unused holiday enlitlement is recognised in the period in which the employee's setvices are
received.
Termination benefits are recognis8d immediatèly a5 an expense when the charitable company is
demonstrably Gommitted to terminate the employment of an employee or to provide temiination benefits.
12-

KAJANS WOMEN'S ENTERPRISE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Crltlcal accountlng esllmates and Judgements
In the application of the charitable company's accounting policies, the trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from olher sources. The estimates and associated assumptions are based on historical experience
and other factors that are considered to be relevant. AclLsal result5 may differ from these estimates.
The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimales are recognised in the period in which the estr'mate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Crltlcal Judgements
Depreclatlon pollcy
The carrying value of tangible fixed a58els is dependent on both Ihe annual depreciation charge. The annual
depreciation charge for tangible fixed assets is sensitive lo changes in useful economic lives.
The arxounting Wlicies for depreciation of tangible fixed assets can be found in note 1 and the carrying value
of tangible fixed assets can be found in note 12.
Donatlons and legacl8s
Unrestrl¢t8d RestrfGted
fund$
funds
Totsl
2024
Total
2023
Donations and gifts
Grant incom8
48,226
48,226
71,650
4.680
4,073
71,650
48.226
71.650
119,876
8,753
For the year ended 31 March 2023
4.880
4,073
8,753
Grants recolvable for core a¢tlvltles
Elkington Lodge
Co-operatives
West Midlands Urban
Reach Fund
Birmingham Cty Council
1,693
2,380
2,000
19.650
50,000
2.000
19,650
50,000
71.650
71.650
4,073
13-

KAJANS WOMEN'S ENTERPRISE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Investments
2024
2023
Interest receivable
111
20
Other Income
Unrg8trlcted Unrestrlcted
funds
funds
2024
2023
Birmingham Independent College
14,222
Expendlturè on ralslng funds
Restrlcted
funds
2024
Restrlcted
funds
2023
Fundralslng and publlclty
Advertislng
2.100
Expendlture on charltable actlvltSe$
General
Muhammad
runnlng Flxed asset AIS Centre
costs depreclatlon
ProJ8Ct
2024
2023
Management expenses
Professional fees
Subs¢riptions
Propety repairs and malntenance
Rates
Ulilities
25,417
25.417
135.131
8.860
60,850
300
725
5,112
3,420
135,131
988
2,385
174
988
2,385
174
28,984
135,131
164.095
79.267
Support costs (see note 8)
23,166
41.129
64,295
67,526
52,130
41,129
135,131
228.390
146,793
14-

KAJANS WOMEN'S ENTERPRISE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support G￿ts
2024
2023
Depreciation
Rent
Independent examination fees
Loan interest payable
41,129
24,000
1834)
41,131
24,000
2,280
115
64,295
67,526
Tru8tee8
None of the trustee5 {or any persons connected with them} received any remuneration or benefits from the
charitablè company during the year.
10 Employèes
The average monthly number of employees during the year was..
2024
Number
2023
Number
Total
There were no employees whose annual remuneration was more than £60,000.
Remuneratlon of key management personnel
During the year no amounts were paid lo key management personnel for their seryices.
11 Taxatlon
The charity is ex8mpt from taxation on its actlvilies because all its income is applied for Ghar*table purposes.
15-

KAJANS WOMEN'S ENTERPRISE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12 Tanglble flxed assets
Lgasehold
Leas8hold
land and Improv8mgnt•
bulldlng•
Equlpment Flxtures and
flttlngs
Compuier¥
Total
Cost
At 1 April 2023
427.720 1,015.341
36,248
13,228
18,158
1,510,695
At 31 March 2024
427.720 1,015.341
36,248
13,228
18,158
1,510,695
Depreclatlon and Impalment
Al 1 April 2023
Depreciation in year
510,220
40,614
36.248
13,228
17,843
515
577,339
41,129
At 31 March 2024
550,834
36,248
13,228
18,158
618,468
Carrylng amount
At 31 March 2024
427,720
464,507
892,227
Al 31 March 2023
427.720
505.121
515
933,358
13 Debtors
2024
2023
Amounts falllng due wlthln one year:
Other debtors
1.800
1,200
14 Credltors: amounts falllng due wlthln one year
2024
2023
Accrua15
227,020
203,854
16 Credltors: amount8 falllng due after more than one year
2024
2023
Community Investment Scheme
Other credÉtors
292.709
53,371
292,709
53,371
348.080
346,080
The Community Investment Scheme is a loan investment prog￿rnme provided by the Binningham
Development Group Limited at no interest and not repayable until 3 years after the completion of the
Muhammad Ali Centre redevelopment project.
16-

KAJANS WOMEN'S ENTERPRISE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Restrlctsd funds
The restricted funds of the charity compllse the unexpended balance5 of donaticns and grants held on trust
subject to specific conditions by donors as lo how they may be used.
Movement In funds
Balance at 1
Incomlng Resources
Aprll 2023 resource8
expended
Transfers Balance at 31
fromllto) MarGh 2024
unrestrlcted
funds
Building Project
Muhammad Ali Centre project
Reach Fund
5,465
49,781
{5,465)
34,188
52,000
19,650
{135.929)
19,650
55.228
71.850
1135,929)
28,703
19,650
Bulldlng Project
These funds relates to grants received to perfomi specific propety repair work.
Muhammad All Centre project
The Muhammad Ali Centre project includes the Soho Market P18ce and Young Urban with a voice projects
both of which run within the larger project and have similar aims and objedives. The Project is a large prole¢t
which will span 8 number of years and the initial cosls incurred to dale have largely been around surveys and
planning and have therefore b8en expensed.
Reach Fund
Funds received from The Reach Project in order to support the charity in their endeavour to become more
appealing to investors.
17 Unre8trlctod funds
The unrestricted fijnds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been sel aside out of unrestricted fijnds by the trustees for specific purposes.
At 1 Aprll
2023
Incomlng
resources
Resources
expended
Transfers At 31 March
2024
General funds
422,377
62.559
(92.461)
(28,703)
363,772
Prevlou8 year:
At 1 Aprll
2022
Incomlng
resources
Resources
expèndgd
Transfers Al 31 March
2023
General funds
500.059
4,700
(82,382)
422,377
17-

KAJANS WOMEN'S ENTERPRISE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18 Analysls of net a88ets between funds
Unrestrlcted Re8trfcted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
fvnds
2023
2023
Total
2024
2023
Fund balances at 31
March 2024 are
represented by..
Tangible assets
Current assetsllliabilities)
Long term liabilities
892.227
1182,375)
{346,0801
892,227
933,358
1162,7251 (164,8991
1346.0801 (346.080)
933.356
1109,673)
1346,0801
19,650
55,226
363,772
19.650
383.422
422,377
55,226
477,603
18-

KAJANS WOMEN'S ENTERPRISE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19 Related party transactlons
Tran8actlon8 wlth related partles
During the year ttte charitable company entered into the following transactions with ￿lated parties-
KaJans Educatlonal And Cultural Trust
Lauriston Richards, a trustee of Kajans, Vvomen's Enterprise Limited, is also a director of Kajans Educational
And Cultural Trust.
The amount oW￿j by Kajans Educational And Cultural Trust to Kajans, Wornen's Enterprise Limited at the
year end is £1.80012023.' £1.2001
Communlty Investment & Loans
As explained in the Trustees, Report, the charity has begun the work lo bring together a Community
Investment & Loans strategy to enable members of the local community lo invest in th8 vision and activities of
the organisalion. The charity has received a variety of loans from the community and ils members IhroughoLrt
this year and also In the previous years in anlicipalion of this scheme being finalised. Some of the loans were
made by paying suppliers directly on behalf of the charity whilst others were paid lo the charity. Some have
been repaid in the ye8r whilst many remain liabilities of the charity. These loans incluije amounts received
from trustees.
19-