Charlty Reglstratlon No. 1112495 Company Reglslratlon No. 05116738 {England and Wale$} KAJANS WOMEN'S ENTERPRISE LIMITED ANNUAL REPORT AND INDEPENDENTLY EXAMINED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
KAJANS WOMEN'S ENTERPRISE LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ms C Richaids Mr L Richards Mr K 8ascombe Ms M Coke Mr l E Fuller Mr DA GOrn Mrs M O Hayden Ms B A Johnson-Green Ms J F Selassie {ApWnted 15 May 2025) (Appointed 15 May 2025) (Appolnted 15 May 2025) (Appointed 15 May 2025) (Appointed 15 May 2025) Advisors Mr D Anderson CBE Mr K George Mr C Morrison Independent Consultant CEO Governance FoTum Consultant Organisational Development Charity number 1112495 Company number 05116738 Registered office TheAlbert Hall Witton Road Aston Birmingham Wesl Midlands 86 SNU Independent examiner OmRrod Rutter Limited The Oakley Kiddemiinster Road DrOJch Wknrcestershire Vfft9 9AY
KAJANS WOMEN'S ENTERPRISE LIMITED CONTENTS Pagg Trustees, report Independent examinerfs report Statement of financial activities Balance sheet Notes lo the accounts 9-19
KAJANS WOMEN'S ENTERPRISE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their report and financial statements for the year ended 31 March 2025. All Kajans charitae activities focus on community based project5 offering clear purpose, a focus on actions to achieve longer lemi sustainability and access for the widest public benefft. The finanGial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's governing document, the Companies Act 2006 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 Republic of Ireland IFRS 102} (effective 1 January 20191" ObJectlves and actlvltles Kajans Women's Enterprise Ltd is a Black-led eommunity charity based in North Birmingham. Our mission is to uplift and empower Individuals through education, housing, enlerprise. and cultural development. Thi5 report covers the period April 2024- March 2025, a year marked by both challenge and progres5. We have continued to deliver our core services, strengthen partnerships, and support those most in need, particulady indlviduals with disabilities and young people transitioning into adulthood. As part of our ongoing commilment to accessibility, Kajans is pursuing the development of local focal points across key neighbourhoods lo provide easier access to help, information. and community resources. These hubs will ensure that residents can engage Wilh services, training, and support closer lo home. reducing barriers to participation and fostering stronger community Connedlons. Kajans, mission is to enhance the lives of the residents of the West Midlands, with a primary focus on North Birmingham and neighbouring communltles I'the area of benefit"). The charity is dedicatèd to serving all residents. regardless of gender. political affiliation, religious beliets. or other perspectives, by fostering partnerships between local authorities, voluntary crganisation$, and community members. Kajans is committed to promoting long-term community sustainability through asset-based developmenl and collaborative working. Ils objective is to empower communities to take ownership of their neighbourhoods, thereby investing in their future. The charity's core areas of seNice include". Developing and sustsining a quality Community, education, and cultural ¢entre as the focal point foT our activities. Creating education, training, and skills programmes to increase employment prospects among the West Midlands, ethnic minority population. Developing community care provision for senlor citizens and people with disabilities. Building a community cultural neork to share infonnation and promote opportunities across minority ethnic communities in the Wesl Midlands. Supporting community economic stralegies and enteTprise initiatives, while promoting inclusion, resilience. and wellbeing. Enhancing quality of life for ethnic minority cammunsties by contributing to regeneration programmes and encouraging wider appreriation of the contribub'on of Wesl Midlands, African heritage communities. Developing social housing to support young adult5 in Birmingham and beyond, tackling overcrowding and homelessness, and improving living standards. Search lor Investment Kajans has made significant progress in its investment efforts. An initial phase involved support from community investors, raising approximately £270.000 to facilitate the aVISItion of the fomier WELD Community Education and Training Centre. Fcllowing this acquisrtion of a 250-year lease. Kajans was able to secure a loan and grant fijnding from Chafity Bank and the Department for Levelling Up. Housing and Communittes. These funds are earmarked for the transfomation of th8 WELD Centre into a Community Creative Hub. Although the funding was delayed due to the election-related purdah period. tt is anticipated that the renovation will cornmen promptly in the new financial year, as all pre-construclion planning requirements are fulfilled_ Further investment is anticjpated through the launch of a Communty sha Offer. lch will allow members of the general public to participate through 'patienf Ggpital investments.
KAJANS WOMEN'S ENTERPRISE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achlevements and perfomianc¢ Muhammad All Slte IMAS) - Acqulred through investment from community supporters, the Muhammad Ali Site represents a comerstone of Kajans. long-lerm vision for communily-led housing, education. and enterprise. With planning work now al an advanced stage having benefited from additional investment secured from Homes England. the project continues to move forward. A comprehensive fundraising strategy is in development to support the construction phase. IlIe progress has been slower than anticipated due to funding and registration challenges. MAS remains a key strategic priority for delivering lasting social and economic benefit to the local community. Wllson Road Communlty Creatlve Hub - Kajans secured £588,083 from the Departrnent for Levelling Up, Housing and Communlties (DLUHCI - Community Ownership Fund to renovate this site. A Capital Project Manager has been appointed to oversee development, alongside Community Development Workers to engage residents and shape fvture programming. Hospltal Street Development - In partnership with Vwesl Midlands Urban Community Homes IWMUCH) and Birmingham City Council (Houslng & Property Services), Kajans was selected to develop the Hospital Street sile. one of five parcels of land nominated for disposal of Community-led housing. An agreed purchase price has now been reached wlh the Council. and a rnini-feasibility study for homes has been Completed. The scheme is designed to prioritise young people on the autism spectrum, supporting them lo live independently with appropriate care and community integralion. Negotiations on the heads of terms are progressing with the valuable guidance of Nehemiah Housing Assoaalion. our Registered Social Landlord partner. ensuring the development meets bolh housing quality and social impact goals. Prestbury Road Thi5 property remains in dispute with Birmingham City Council and the Department for Education. Kajans continues to advocate for a fair resolirtion to secure this valuable community asset. Staff, Tralnlng and Development Training remains ¢entral to Kajans, ethos. All Irustees completed govemance and safeguarding training this year. We continue to invest in the professional development of staff and volunleers. ensuring they have the knowledge and confidence lo deliver high-quality services to a diverse community. Challenges: The charity continues to face financial and capacity challenges. A po8t-COVlD dedine in volunteer numbers and reduction in funding streams have constrained our ability to capitalise on new opportunities. The workload for our small team remains demanding. To address this. the Board is developing new fundraising strategies, exploring hybrid meetings to improve participation. and prioritising the recruitment of key volunteer roles. including Treasurer and Company Secretary. Parlnershlps and Communlty Engagement: Partnership working remains fundamental to Kajans, success. We continue to collaborate wtth Nehemiah Housing Association, Localty. Octavius Leaming and Development Partnership, Toot Box, Media Beast, and govemrnent partners to advan regeneration arKI housng Fffoiects. Engagement with Homes England has supported our access to development grants and planning fees, while our relationship wrih the Department for Levelling Up Temains cruch31 to ongoing project delivery are also deepening partnerships With schools. universities, and cre*ive neorkS to attr8Ct volunteers. promote youth participalion, and strengthen community cohesion. Despite significarrt extemal pressures, Kajans w¥knl'S Enterprise Ltd conts'nues to demmstrate resilience, eaiivty. an¢J communty kadership. Our orwjoing miwon is to deliver lasting social value, empowering individuals, strerwening families, and nurturir¥J inclusive neighbourh(x)ds where everyone can thrive. We extend our gratitude to our staff. volunteers, trlee$. funde, and community partws Iheir continued bdief in Kajans, vision and purpose.
KAJANS WOMEN'S ENTERPRISE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Flnanclal revlew In the year Kajans h8s much of its available capacity on research. development. consultation and collaboration in an attempt to identify new opportunities to develop community-led affordable housing in response lo targeted needs and demands in the locality. Much of the last 12 months has been filled with commissioning information in the quest to obtain planning approval for the development of a multi-use space on the Muhammad Ali site in Hockley. The net incoming resources for Ihe year were £71,538 (2024- net outsKsing resources of £94,181). Net assels as at the year end were £454,96012024 - £383,422). The charity plans to continue for the forthcoming years subject to increased income gener*ion and satisfactory funding agreements. Albert Hall As in previous periods, £24,000 of rent for the Albert Hall has been charged lo the charity and as in prewous periods, payment of this amount has been deferred. The outstanding rentsl balance of £248.500 has not be8n called for payment, reflecting the landlord's continued support and willingness to treat the balance as a 'patient loan. going forward. Res8eS policy 11 is the policy of Ihe charity that unrestricted funds which have nol been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The charity considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. Pnncipal funding sources The principal funding source for the year includes donations and grant in¢ome. The charity is in the pr¢Jcess of seeking new fundlng sources in which to fund future projects. Inv9Stment policy The Trustees have the power to invest in such assets as they see fit. Majoriisks The Trustees have assessed the major risks to whl¢h the Charitable company is exposed, and are satisfied that systems are in place to mitigate exposure lo the major risks. Publlc Benefft In determining its adivities, the Trustees have carefully considered guidance from the Charity Commission to ensure the charity's activities provide clear public beneffts.
KAJANS WOMEN'S ENTERPRISE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Plans for future perlods In 2025-26, Kajans will focus on.. Completing the Wilson Road Creative Hub. Progressing the Hospital Street Housing Development. -Advancing the Muhammad Ali Sile as a model of inclusive regeneration. Strengthening govemance. recruiting skilled trustees, and expanding fundraising capacity remaln lop priorities. Kajans aims to continue building trust, opportunity, and pride across Birmingham's diverse communities. Communlty Inve8tment and Share Offer Kajans Women's Enterprise Ltd, in partnership with Kajans Community Housing Society, plans lo launch Community Share Offer in 2026. The funds currently held as a liability will either remain as 'patient loans, to the organisalion or be converted into community shares at that time. This ensures transparent financial reporting and reflects the purpose for which the investment was originally secured. During the 2024125 financial year a further £88,000 of contributions were received (£66,000 from Birmingham Independent College and £22,000 as a 'patient loan. from a local supporter). These funds are recorded as liabilities within the Community Investment Scheme and will form part of 8 future Community Share Offer to support planned building works. Enterprlse Partnershlps The organisation will also continue to develop strategic enterprise partnerships with local businesses and soaal enterprise organisalions. These partnerships are central to delivering Kajans, acquisition strategy, strengthening operational capacity, and securing long-term sustainability for community-owned assets. Structure, governance and rnanagement The charitable company is controlled by its goveming document. being its Memorandum and Articles of Association adopted on 7 July 1996. and constilules a limited company. limited by guarantee, as defined by the Companies Act 2006. The Board of Trustees meets at least six times per year to oversee strategy, financial stewardship, and safeguarding. This year. we welcomed new trustees and advisors who have brought fresh energy and expertise to the team. We have also begun a conslitulional and govemance review, introducing clearer financlal authorisation processes and improved accountability structures. 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 statemenls were.. Ms C Richards Mr L Richards Miss R Burrell Mr K Bascombe (Secretary) Ms M Coke Mr DA Gordon Ms B A Johnson-Green Mr l E Fuller Ms J F Selassie Mrs M O Hayden (Resigned 26 May 2025) (Appointed 15 May 2025) (Appointed 15 May 2025) (Appointed 15 May 2025) (Appointed 15 May 2025) {Appointed 15 May 2025)
KAJANS WOMEN'S ENTERPRISE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Recruilm8nt and appointment oltwslees None of the twstees has any beneficial interest in the company. All of the trustees a members of the Gompany and guarantee lo contribute £1 in the event of a winding up. The Board ol Trustees are responsible for making all final and in principal deasion5 relating to the operation and management of the company although they will often seek specialist advice. Kajans believe that effectiv8 management is by rigorous and continuous monitoring and assessment of policie5 and practices allowing for constant awarenes5 of issues as they arise. Trustees, meetings are held between 8 and 12 times a year to ensure that there is adequate review of the finanaal, operational and strategic perfomances of the charity's activities. Induclion and trdining of truslees Afi new trustees receive induction and training from the Board. This covers the charitable objects and responsibilities of trustees, together with systems ol intemal control and regulatory framework. Relationship wilh wider netwo The Irustees have conducted thelr own review of the major risks to which the charity is exposed and systems that have been established to mib'gate those risks. Significant exiemal risks to funding have led to a development of a strategic plan that will allow for the diversificalion of funding and activities. Internal risks are minimised by the implementation of procedures for aulhorisation of all transactions and projects and to ensure wnsislent quality of delivery for all operational aspects of the ¢harilable organisation. These procedures are periodically reviewed to ensure that they still meet the needs of the charity. Relationship with rglated parties The trustees, who are also the directors of Kajans IAbmen's Enterprise Limited for the purpose of company law, are responsible for preparing the Trustee5' Report and the financial statements in accordance with applicable law and United Kingdom Ac£ounting Standards Iunited Kingdom Generally Accepted Accounting Pradice). The Truslees. report was approved by the Board of Trustees. Ms C Richards Trustse
KAJANS WOMEN'S ENTERPRISE LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KAJANS WOMEN'S ENTERPRISE LIMITED I report lo the trustees on my examination of the financial statements of Kajans Women's Enterprise Limited (the charitable Gompany) for the year ended 31 March 2025. Respon8lbllltles and basls of report As the trustees of Ihe charitable company (and also ils directors for the purposes of company law). you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies AGI 2006. Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the Companies Act 2006 and a eligible for independent examin8tlon. I report in respect of my examination of the charitable company's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by Ihe Charity Commission under section 14515){bl of the Charities Act 2011. Independent examlneV8 Statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the charitable company as required by section 386 of the CompaniesA¢t 2006. the financial statements do not accord with those records., or the financial statements do not comply with thè accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination-. or the financial slaternents have not been prepared in accordan with Ihe methods and principles of the Statement 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 of Ireland IFRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention shoul be drawn in this r ort in order to enable a proper understanding of the financial slatements to be reached. Colm McGrory FCA Omierod Rutter Llmited The Oakley Kidderminster Road Droihvich Worcestershire R9 9AY 171)z
KAJANS WOMEN'S ENTERPRISE LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted Restrlcted funds funds 2025 2026 Total Unrestrfcted Restrlcted funds funds 2024 2024 Total 2025 Notes 2024 Income and endovrtnents from: Donations and legacies other trading activities Investments Other income 2.215 1,610 118 217.722 219.937 1.610 118 48,226 71.650 119,876 111 14,222 111 14,222 Total Income 3,943 217,722 221,665 62.559 71,850 134.209 Expendlture on: Charitable a ivilies Unrestricted funds Fixed asset depreciation Restricted funds 48,083 1.500 49,583 51,332 798 52,130 40,614 40,814 59,930 41,129 41,129 135,131 59.930 135,131 Totsl charltable expendlture 88,697 81,430 150,127 92.461 135,929 228.390 Total expendlture 88,897 61,430 150.127 92,461 135.929 228,390 Net Incomellexpendlture) (84,754) 156,292 71.538 {29,902) (64.2791 {94,181) Transfers between funds (28,703) 28.703 Net movement In funds {84,754) 156,292 71,538 168,605) (35,576) {94,181) Reconclllallon of funds: Fund ba18nces at 1 April 2024 363,772 19.650 383,422 422,377 55.226 477,603 Fund balanceg at 31 March 2026 279,018 175,942 454.960 363.772 19,650 383,422 The statement of financial activitkes includes all gains and losses recognised in thè year. All income and expenditure derive from c¢)ntinuing activities.
KAJANS WOMEN'S ENTERPRISE LIMITED BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Not88 Flxed assets Tangible assets 13 851,613 892,227 Current assets Debtors Cash at bank and in hand 14 2,400 286,173 1.800 62,495 288,573 84,295 Credltors: amounts falllng due wlthln one year 15 (251,146) (227.020) Net current assetsl{liabilities) 37,427 (162,725) Total ass8ts less Current Ilabllltle5 889,040 729,502 Credltors: amounts falllng due after more than one year 16 {434.080) 1346.080) Net assets 454,960 383,422 Income funds Reslri¢ted funds Unrestricted funds 17 175,942 279,018 19.650 363,772 454.960 383,422 The company is entilled to the exemption trom the audit requlrement contained in section 477 of the Companies Aci 2006, for the year ended 31 March 2025. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respeci to accounting records and the preparation of financial statements. The members have nol required the company to obtsin an audit of rts financial statements for the year in question in aGcordance with section 476. These financial statements have been prepared in accordance Vbryth the provisions aWi(able to companies subj.ect to the small companies reg'me. The finartial statements we approved by the Trustees on . Ms C Richards Trustse Company Reglslrdtlon No. 05116738
KAJANS WOMEN'S ENTERPRISE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 A¢countlng pollcle8 Charlty Infonnatlon Kajans Women's Enterprise Limited is a Private company limited by guarantee incorporated in England and Wales. Th8 registered office is TheAlbert Hall, Wtton Road. Aston, Bimingham, West Midlands, 86 5NU. 1.1 Basls of prepardtlon The financial statements have been prepare(l in accordance wlh the charitable company's governing document, the Companies Act 2006 and "Acccunling and Reportin9 by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in th& UK and Republic of Ireland {FRS 102) leffeclive 1 January 2019)" The charitable 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 Bullelin 1 not lo prepare a Slalement of Cash Flows. The financial slalemenls are prepared in slerfing, which is the functional currency of the charitable company. Monetary amounts in these financial stalements are rounded to the nearest £. The financial statements have been prepared under the hisloriGal cost convention. The principal aGcounting policies adopted are set out below. 1.2 Golng concern The trustees consider there lo be sufficient reserves and committed volunteers to sustsin the charity until new sources of income can be secured to fund future projecls. 1.3 Charftable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of Iheir charitable objectives. R8stricted ftjnds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted fvnds are set out in the notes to the financial statemenls. 1.4 Income Income is recognised when trte charitatrAe company is legally entitled to it after any performan¢e conditions have been rnet, the amounts can be measured reliably, and it is probable that income will be received. Grants related to perfonnance and specffic deliverables are ac¢ounted for as the charity eams the right lo consideration by ils performance. Where income is reiVed in advance of it5 recognition il is defeed and included in creditors. ere entiuement occurs before income being received the income is accrued. Capital grants are accounled for a5 income as soon as they are receivable. Legacies are re¢ognised on reIpt or otherwise rf the charitable company has been notif*d of an impending distribLrtion, the amounl is known. and receipt is expected. If the amount is not known, the legacy is Ireated as a contingent asset. Donated facilities and seprfices received for the charrvs own use which rt would otherwrse have wrchased are recognised in income during the period in which such servlces a received, provided the value of the grft can be measured reliably. The charity benefits from the contribution of unpaid geral volunteers in CaIng out their ac15vitses. Hch¥ever, ifs impractical for their contribuiion lo be measured reliably for accounting purposes.
KAJANS WOMEN'S ENTERPRISE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢countlng poll¢les (Contlnued) 1.6 Expendlture Liabilities are Cognised 8s expendtture as soon as there is a legal or construcllve obligation committing the charity to that expendilure, it is probable that a transfer of economic benefit5 will be requlred in settlement and the amount of Ihe obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Expenditure is staled inclusive of irrecoverable VAT. ere costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Costs of charitsble activities comprise all costs identified as vtholly or rnainly atlributable to achieving the charitable objects of the charity, including the costs of disseminating infomiation in support of charitable activities. These costs include staff costs, wholly or mainly attributable support costs and an apportionment of general overheads. 1.6 Tanglble flxed assets Tangible fixed assels are initially measured at cost and subsequently measured at cost. net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cosl of asset5 less their residual values over their useful lives on the following bases.. Leasehold land and buildings Leasehold improvements Equipment Fixtures and fittin9S Computers not depreciated (see note below) over 50 years (or lease tem if shorter) - 25% on cost - 250k on cost - 259h on cost The gain or loss arising on the disposal of an asset is delemined as the difference between the sale proceeds and the carying value of the asset. and is recognised in the Statement of financial activities. The 999 year long lease agreemeni goveming the ownership of the long leasehold property requires that the charitable company has to carry out a regular programme of maintenance to ensure its premises continue lo meet the required high Standards throughout its estimated useful life. As such. the trustees are of the opinion that the residual value at the end of the estimated useful life of the long leasehold propety is not likely to be materially lower than its cost. ThefOre, any element of depreciation is considered to be immaterial and no provision has been made. Tangible fixed asset additions under £100 are not capttalised bul are instead treated as repairs. 1.7 Impalm)ènt of fixed assets At each reporting end date. the charitable company reviews the carying amounts of its tangible assets to determine Nthether there is any indicalicrf) that those assels have SUffed an impaiment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to deterynine the extent of Ihe impaimient loss (if any). 1.8 Cash and cash equlvalents Cash and cash equivalents indude cash in hand. deposits held at call with banks, other short-temi liquid investments 1th ortginal maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabiliti.es. 10-
KAJANS WOMEN'S ENTERPRISE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Icontlnued) 1.9 Flnanclal Instruments The Charitable Company has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments18sues' of FRS 10210 all of its financlal instruments. Finanrial instruments are recognised in the charitsble company's balance sheet when the charitable Company becomes party to the contractual provisions of the instrument. Financial assets and liabilitles are offset. Yoryth the net amounts presented in the financial slalemenls, when there is a legalty enforceable right lo sel off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liabilty simultaneously. Basic financlal assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried al amortised cost using the effective Interest method unless the arrangement consltlutes a financing tnsaCtion, where the transaction is measured at the presenl value of the future receipts discounted at a market rate of inlerest. Financlal assets classified as receivable within one year are not amortised. 8asic flnanclal liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al Iransaction priGe unless the arpngement constitutes a financing transaction. where the debt instrument is measured al Ihe present value of the future payments discounted al a market rate of interest. Finanaal liabilities dassified as payable within one year are not amortised. Debt instruments are sUbSequenY carried at amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or services Ihat have been acquired in the ordinary course of operations from suppliers Amounts payable are classified as current liabilities if payment is due wrthin one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised c05t using the effective interest method. Concessionary loans a those loans received by a charity to further its purposes and any interest charged 15 either nil or below the prevailing market ples and are not made solely to achieve a financial retum. Concessionary loans are initially recognised and measured al the amount r1ved. th the carrying amount adjusted in subsequent years to reflect repayments and any accrued interest. Derecognitlon of financial liabilitles Financial lialilities are derecognised when the charrtable company's contraciual obiigat'rons expire or are discharged or cancelled. 11
KAJANS WOMEN'S ENTERPRISE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Crltlcal accountlng estlmates and Judgements In the application of the charitable company's accounting pollcies, the Irustees are required lo make judgements, eslimales and assumption5 al)out th8 carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other fadors that are considered to be relevant, Actual result6 may differ from these estimates. Thg estimates and underfying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recogni5ed in the period in which the estimate 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 assets is dependent on both the annual depreciation charge. The annual depreciation charge for langible fixed assets is sensitive to chang&s in useful economic lives. The accounting policies for depreciation of tangible fixed asset5 can be found In note 1 and the carrying value of tangible fixed assets can be found in note 13. Donatlons and legacles Unrestrlcted Restrlcted funds funds Total 2026 Total 2024 Donations and gifts Grant income 2,215 6,475 211,247 8.690 211,247 48,226 71.650 2.215 217.722 219,937 119,878 Grants recelvable for core actlvltles West Midlands Urban Reach Fund Birmingham City Council Wlson Road INebsite grant 2,000 19.650 50,000 209,247 2.000 209,247 2,000 211,247 211,247 71.650 12-
KAJANS WOMEN'S ENTERPRISE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 In¢ome from other tradlng actlvltles Unrestrlcted Unrestrfctod funds lunds 2025 2024 Other income 1,610 Investments 2025 2024 Interest receivable 118 111 Other Income Unrestrfcted Unrestrlcted funds funds 2025 2024 Bimiingham Independent College 14.222 13-
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KAJANS WOMEN'S ENTERPRISE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocated to actlvltles 2025 2024 Depreciation Website costs Rent Independent examination fees 40,614 1.500 24,000 2,646 41,129 24,000 1834) 68,760 64.295 Analysed between: Unrestricted fund8 Fixed asset deprecAalion 28,146 40,614 23,166 41,129 68,760 64,295 Net movement In funds 2025 2024 The net movement in funds is stated after chargingl(creditingl'. Fees payable for the independenl examination of the Charity's financial stalements Depreciation of owned tangible fixed assets 2,646 40,614 41,129 10 Tru5t8es None of the trustees (or any persons Connected with them) received any remuneration or benefits from the charitable company during the year. 11 Employees The average monthly number of employees during the year was.. 2025 Number 2024 Number Total There We no employees whose annual remuneration Ivas more then £60.000. Remuneratlon of key management personnel During ihe year no amounts Yre paid to key managemeni personnel for their services. 12 Taxatlon The charty is exempt frcxn taxation on its adivities because all its income Is applie(I for charitable purposes. 15-
KAJANS WOMEN'S ENTERPRISE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Tanglble fixed a88ets Lgas&hold Leas8hold land and Improvements bulldlng8 Equlpment Flxturgs and fittSngs Comput•rn Total Cost At 1 April 2024 427,720 1,015,341 36,248 13,228 18,158 1.510,695 Al 31 M8rch 2025 427,720 1.015,341 36.248 13.228 18.158 1,510,695 Depreclatlon and Impalnnent At 1 April 2024 Depreciatlon in year 550,834 40,614 36,248 13,228 18,158 618,488 40,614 Al 31 March 2025 591,448 36,248 13,228 18,158 659,082 Carrylng amount Al 31 March 2025 427,720 423,893 851,613 At 31 March 2024 427,720 464,507 892.227 14 Debtors 2025 2024 Amounts falllng due wlthln one year: Other debtors 2.400 1,800 15 Credltors: amounts falllng due wtthln one year 2025 2024 Accruals 251,146 227,020 16 Credltorn: amounts falllng due after moro than one year 2026 2024 Community Inveslment Scheme Other credrtors 380,709 53,371 292.709 53,371 434.080 346,080 The Communty Investrnent Scheme is a loan invesbnent programme provided by the Binningham Development Group Limited at no interesi and not repayable until 3 year5 after the rwetion of the Muhammad Ali Centre redevelopment pToie(*. 16-
KAJANS WOMEN'S ENTERPRISE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Restrlcted fund8 The restricted funds of the charity Comprise the unexpended balances of donation5 and grants held on trust subject to specific conditions by donors as to how they may be used. Movement In funds Balance at 1 Incomlng Resources Balance at 31 Aprfl 2024 resources expended PllaTch 2025 Reach Fund Wilson Road Website Fund 19,650 19,650 155,792 500 215,722 2,000 159,930) (1,500) 19,650 217,722 161,430) 175,942 Reach Fund Funds received from The Reach Project in order to support the charity in their endeavour lo become mo appealing to investors. Wllson Road Funds received to rebuild and renovate the community space at Wlson Road. This Is a long-lerm project that will cover a number of years and facilitate future use of the building for charttable activities. Web8lte Fund A grant received from Birmingham City Council for the development of charities website. 18 Unrestrlcted funds The unrestricted funds of the charity comprise the unexpended balanS of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designaled funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At l Aprll 2024 Incomlng rosources Resources expended Transfers At 31 March 2025 General fijnds 363.772 3,943 (88.697) 279,018 Prgvlous year. At l Aprfl 2023 Incomlng rnsour¢es Resources expended Transfers At 31 March 2024 General lunds 422,377 62.559 (92.461) (28.703) 363.772 17-
KAJANS WOMEN'S ENTERPRISE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Analys18 of net assets between funds Unrestrlctèd Restrlcted funds funds 2025 2025 Totsl Unrestricted funds 2024 Reslricled funds 2024 Total 2026 2024 Fund balances at 31 March 2025 are represented by.. Tangible assets Current assetsl(liabilities) Long term liabilities 851,613 (138,515) (434,080) 851,613 892,227 37.427 (182,375) 1434,080) (346,080) 892,227 1162.725) {346,080) 175.942 19,650 279,018 175,942 454,960 363.772 19,650 383,422 18-
KAJANS WOMEN'S ENTERPRISE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Related party transactlons Tran5actlons wlth related partles During the year the charitable company entered inlo the following transactions wf(h related parties.. Kajans Educatlonal And Cultural Trust Laurislon Richards, a trustee of Kajans, Women'5 Enterprise Limited, is also a director of Kajans Educational And Cultural Trust. The amount owed by Kajans Educational And Cultural TTust to Kajans, Women's Enterprise Limiled at the year end 15 £2.40012024.' £1,800). Communlty Investment & Loans As explained in the Trustees. Report, the charity has begun the work to bring together a Community Investment & Loans strategy to enable members of the local communty to invest in the vision and activities of the organisalion. The charity has received a variety of loans from the community and its members throughout this year and also in the previous years in anticipation 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 year whilst many remain liabilities of the charity. These loans include amounts received from Iruslees. Albert Hall As in previous years, we have accrued Ihe rent due forAlbert Hall for £24,000 and no monies have been paid in the year for this cost. 19-