Charity registration number 1118242
Company registration number 5626767 (England and Wales)
GREETS GREEN COMMUNITY ENTERPRISES
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

GREETS GREEN COMMUNITY ENTERPRISES
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
F Bibi
WLyn
A Hussain
A Khan
R Mal-Rushforth
Secretary
N Bayliss
Charity number
1118242
Company number
5626767
Princlpal address
157 Wood Lane
West Bromwich
West Midlands
B70 9PT
Registered office
157 Wood Lane
West Bromwich
West Midlands
B70 9PT
Independent examiner
Bache Brown & Co Limited
Swinford House
Albion Street
Brierley Hill
West Midlands
DY5 3EE

GREETS GREEN COMMUNITY ENTERPRISES
CONTENTS
Page
Trustees report
Independent examineffs report
Statement of financial adivities
Statement of financial posilion
Notes to the financial statements
8-17

GREETS GREEN COMMUNITY ENTERPRISES
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in a¢¢ordance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's tgoverning documentl, the Companies Act 2006 and "Accounting
and Reporting by Charities= Statement of Recommended Pradice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)"
(effective 1 January 2019).
Objectives and actlvities
The provision of recreational facilities for the Greets Green Area of the Metropolitan Borough of Sandwell.
The facilities will be provided for the public at large or those who by reason of their youth, age, infirmity or
disablement, financial hardship or social and economic circumstances, have need of such facilities.
Other objectives".
The protection or conseNation of the environment.
The provision of public health facilities and childcare.
The promotion of public safety and prevention ofcrime.
Public benefit
The trustees have paid due regard to guidan￿ issued by the Charity Commission in deciding what activities the
charity should undertake.
Achievements and performance
Significant activities and achiev8ments against objectives
Our main activities and who we try to help are described within our objectives and activities [above].
All our charitable activities focus on the provision of support and facilitie5 ft)r local people.
Wood Lane Community Centre
The Wood Lane Community Centre is at the heart of our communty fa¢ing work and is a facility that is truly run by
the community- for the community.
LoGal people come into the Wood Lane Community Cenlre for a variety of reasons for example: children and young
people attending nursery and holiday play schemes, families attending social events, NHS patients attending
information and support seminars, people attending meetings or training courses and children and adults taking part
in structured activities to increase their confidence or fftness or to leam new skill5.
Happy Days Nursery
In April 2016 we launched our new. dedicated childcare and Early Years Education setting. 'Happy Days Nursery,.
Located within a self-¢ontained facility within the community centre and with a Capacity of 20 places, the nursery
(Ofsted rated, 'Good
with several outslanding features.), provides high quality care and early learning for pre-
school age children from local families. Since its launch, the nursery has continued lo grow its reputation as an
excellent. community based setting - popular wilh children and parents alike.

GREETS GREEN COMMUNITY ENTERPRISES
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Community action and the support of our volunteers
As in previous years, throughout 202312024 GGCE benefited from the support and dedication of the time of the
people willing to give their time on a voluntary basis. This included slaff who whilst employed gave many hours of
additional time to help support a number of activities and events within the community centre.
Over the year we met many new members of the local community through a broad range of interests and activilies.
We hope to see the continued support from the community in the years ahead and ensure that residents of Greets
Green and Lyng are central to everything we do.
strategic development:
Having launched our original strategy in 2017, GGCE has continued to grow the income base of the charity through
a more focussed approach to seNce development and delivery. In 2022 we updated and renewed our strategy to
ensure the organisation conlinues to progress its aims and aspirations of the strategic plan which primarily, are
focused upon strengthening both the organisations financial independence and the serVI￿S offers delivered for and
with local people.
Importantly. the review has enabled the Trustees to refresh the vision and mission of the charity as follows..
Our w￿lon is..
To improve the quality of lrfe for the local community.
Ourmission is..
To work in partnership to make a positive impact on the lives of local people.
It also gave the Trustees the opportunity to r&define and set out the Core values and principles of the charity. These
have been agreed as being..
- to be accountable to and representative of the local community
to act commercially and with entrepreneurial flair
to be creative and innovative in all that we do
to operate in a sustainable way
- to value our staff, trainees and volunteers and,
- to work to 'improve the quality of life for the local community,
Finally, the strategic review resulled in the following strategic priorities being agreed going forward. These are..
-to develop community led project5 and services based on an understanding of local needs and aspirations
-to be financially self-sustaining through the developmenl of physical assets and social enterprise
-to develop and manage the organisation effectively
Our aspiration is to build upon our existing strengths and to develop new opportunities for gr¢)wth and reach in the
support we provide for loGal people and, in doing so lo secure the long term financial stability and sustainability of
GGCE and the Wood Lane Community Centre.
During 2018119, the Board of Trustees took the decision to bring the managemenl of our commercial premises in
house, taking over from the previously contracted external management agency. The aim of this major undertaking
was realised to ensure that all elements were being managed to a high standard, to reduce expenditure and agency
fees and to be then to offer the tenants an improved cuslomer service and better value for money. During the year
major investment on the fencing al Great Bridge Business Park was undertaken, offering greater security for tenants
on this site.

GREETS GREEN COMMUNITY ENTERPRISES
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Financial review
During the year the charity's net funds increased by £1,962.
Reserves policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be
maintained at a level equivalent to six month's expenditure. The Trustees considers that most of the charity's funds
are to be spent in the short term so there are few funds long term in investment.
The trustees have assessed the major risks to which the charily is exposed and are satisfied that the systems are in
place to mitigate exposure to the major risks.
Structure, governance and management
The charity is a company limited by guarantee. incorporated on 17 November 2005 and registered as a charity on
22 January 2007. The company was established under a Memorandum ofAssociation which eslablished the objects
and powers of the charitable company and is governed under its Articles ofAssociation. In the event of the company
being wound up members are required to contrtbute an amount not exceeding £10.
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 Ihe financial statements were=
F Bibi
WLyn
A Hussain
A Khan
R Mal-Rushforth
MrJSBagr
(Resigned 27 September 2023)
Recmitment and appointment of tnistges
The trustees shall be appointed or re-appointed by the members in general meetings following a nomination
process detemiined by the trustees to ensure that the truslees as a group possess the range of skills, experience
and competencies required to govern the charity. The trustees will also refleGt the people the charity works with and
seeks to benefit.
Every trustee after appointment must reaffirm their willingness to act as a charity trustee of the charity before he or
she may vote at any meeting of the trustees.
All trustees give their time voluntarily and received no benefits from the charity. Any expenses reclaimed from the
charity are set out in note 10 to the aGcounts.
None of the trustees has any beneficial interest in the company. All of the truslees are members of the company and
guarantee to contribute £1 in the event of a winding up.
Organisational structure
Greets Green Community Enterprises has a management committee which is made up of the trustees as well as
the Chief Executive.

GREETS GREEN COMMUNITY ENTERPRISES
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
F Bibi
Trustee
7 October 2024

GREETS GREEN COMMUNITY ENTERPRISES
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF GREETS GREEN COMMUNITY ENTERPRISES
I report lo the Iruslees on my examination of the financial statements of Greets Green Community Enterprises (the
chariiy) for lfr,e year ended 31 March 2024.
Responsibilities and basis of report
As the trusle8s of the charity land also its directors for the purposes of company lawl you are responsible for Ihe
preparation of the financial slalements in accordance with the requirements of the Companies Act 20C6 Ilhe 2006
Act).
Having satisfied myself that the financial slalements of the charity are not required to be audit￿ under Part 16 of
the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's
rinancial statements carried out under section 145 of the Charities Act 2011 Ilhe 2011 Act). In carrying out my
examination I have followed all the applicable Directions given by the Charity Commission under section 145{5llbl
of the 2011 Act.
Independent examiner's statement
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section
145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l arn a member of the
Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confimi that no matters have come to my attention in connection with the
examination giving me cause to believe that in any rnalerFal respect=
accounting records were not kept in respect of the charity as required by section 386 of the 2008 Act., or
Ihe financial statements do not accord with those records- or
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair view which is not a matter considered as part of an
independent exarnination.. or
the financial statements have not been preparea in accordance with the melhods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable lo charities
preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK aTr
Republic of Ireland IFRS 102).
I have no concerns and have come acros5 no other matters in connection with the examination to which attention
should be drawn in this repart in order lo enable a proper understanding of the financial statements to be reached.
Bache Brown & Co Limited
Swinford House
bion Street
Brierley Hill
West Midlands
DY5 3EE
Dated: 7 October 2024

GREETS GREEN COMMUNITY ENTERPRISES
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Restrictsd
funds
funds
2024
2024
Total Unrestrlcted Restricted
funds
funds
2023
2023
Totsl
2024
2023
Notss
Income and endowments from:
Donations and legacies
Charilable activities
Investments
Other income
11,924
11,924
117.613
70.206
92,172
19.304
19,304
135,403
52,059
87,723
117.613
70.206
92,172
135.403
52,059
87.723
Total income
279,991
11.924
291,915
275,185
19,304
294,489
Expenditure on:
Charitable aclivities
Heading #ac982
252,127
37,826
289,953
251,927
16,149
268,076
Totsl expenditure
252,127
37,826
289,953
251,927
16.149
268.076
Net incomellexpenditurel and
movement in funds
27.864
(25,902)
1.962
23,258
3,155
26,413
Reconciliation of funds:
Fund balances at 1 April 2023
314,693
394,439
709,132
291,435
391,284
682,719
Fund balances at 31 March
2024
342,557
368,537
711,094
314,693
394,439
709,132
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from Continuing activities.

GREETS GREEN COMMUNITY ENTERPRISES
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024
2024
2023
Noles
Fixed assets
Tangible assets
Investments
13
14
358,853
375.332
358,854
375.333
Current assets
Debtors
Cash at bank and in hand
15
7,146
375,900
6.868
350,738
383,046
357.606
Creditors: amounts falling due within
one year
16
130,8061
{23,807}
Net current assets
352.240
333,799
Total assets less current liabilities
711,094
709,132
Net assets excluding pension liability
711,094
709,132
The funds of the charily
Restricted incoffle funds
Unrestricted funds
18
368.537
342,557
394.439
314,693
711.094
709,132
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 complying with the requirements of the Companies Act 2006
with respect lo accounting records and the preparation of financial ststements.
The members have nol required the cornpany lo obtain an audit of its financial statements for the year in question in
accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable lo companies subject
lo the small companies regime.
The financial statements were approved by the trusteès on 7 October 2024
FBI
Trustee
Company rcgistration number 5626767 (England and Wales}

GREETS GREEN COMMUNITY ENTERPRISES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charity infomiation
Greets Green Community Enterprises is a private company limited by guarantee incorporated in England and
Wales. The registered otTice is 157 Wood Lane, West Bromwich, West Midlands, B70 9PT.
1.1 Accounting convention
The accounts have been prepared in accordance with the charity's Articles ofAssoication, the Companies Act
2006 and 'Accounting and Reporting by Charities.. Statement of Recommended Praclice applicable to
charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from 1 January 2016).
The charity is a PubliG Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin
1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Golng concern
At the timè of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operalional existence for the foreseeable future. Thus the trustees
¢ontinue to adopt the going con￿rn basis of accounling in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the truslees in furtherance of their charitable
objectives.
Restricted funds are subject to 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 statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
charity.
1A Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably. and it is probable that income will be received.
Cash donations are recognised on re￿ipt. Other donations are recognised once the charity has been notified
of Ihe donation. unless performan￿ conditions require deferral of the arnount. Income tax reGoverable in
relalion to donations received under Gift Aid or deeds of covenant is recognised al the time of the donation.
Legacies are recognised on receipt or olherwise rf the Charity has been notified of an impending distribution.
the amount is known, and receipt is expected. If the amount is not known. the legacy is Ireated as a
contingent asset.

GREETS GREEN COMMUNITY ENTERPRISES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
{Continuedl
1.5 Expenditure
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which
cannol be fully recovered. and is reported as part of the expenditure
Costs of generating funds comprise the costs associated with altracting voluntary income and Ihe costs of
trading for fijndraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its aotivities and
services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those
costs of an indirect nature necessary to support them.
Governan￿ costs include those costs associated with meeting the constitutional and statutory requirements
of the charity and include costs linked to the strategic management of the charity.
Cosls are allocated be￿een the expenditure categories of the SOFA on a basis designed to reflect the use of
the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an
appropriate basis.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their
useful lives on the following bases:
Land and buildings
Plant and machinery
Fixtures, fittings & equipment
20A straight line basis..
15tyA reducing balance basis-
150/0 reducing balance basis:
The gain or loss arising on the disposal of an asset is determined as the difference be￿een the sale proceeds
and the Carrying value of the asset. and is recognised in the ststement of financial activities.
1.7 Fixed asset Investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
incomel(expenditure) for the year. Transaction costs are expensed as incurred.
A subsidiary is an entity Controlled by the charity. Control is the power to govern the financial and operating
policies of the entity so as to obtain benefits from ils activities.
1.8 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to detemiine
whether there is any indicalion that those assets have suffered an impairment loss. If any suGh indication
exists. the recoverable amount of the asset Is estimated in order to determine the extent of the impairment
loss (rf any).
1.9 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturilies of three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.

GREETS GREEN COMMUNITY ENTERPRISES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
{Continued)
1.10 Financlal instruments
The charity has elected to apply the provisions of Seclion 11 'Basic Financial Instrument5, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabiltlies are offset. with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financial 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 at amortised cost using the effective
interest method unless Ihe arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classrfied as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially re¢ognised at transaction price unless
the arrangement constilutes a financing transaction, where the debt instrument is measured at the present
value of the fulure payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequenlly carried at amortised cost. using the effective interest 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 recognised initially al
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of finaneial liabilitles
Financial liabilities are derecognised when the charity's contractual obligalions expire or are discharged or
cancelled.
1.11 Employee benefits
The cosl of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Temiination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or to provide termination benefits.
Critical accounting estimates and ludgements
In the applirAtion of the charit￿5 accounting policies, the trustees are required lo make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experien￿ and other factors that
are Considered to be relevant. Aclual resulls may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to aGcounting
estimates are recognised 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 fijture
periods.
10-

GREETS GREEN COMMUNITY ENTERPRISES
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from donations and legacies
Restricted
funds
2024
Restrictsd
funds
2023
Grants receivable for core activities
11,924
19,304
Income from charitable activities
Unrestricted
funds
2024
Unrestricted
funds
2023
Community activities
117,613
135,403
Income from investments
Unrestricted Unrestricted
funds
funds
2024
2023
Rental income
Interest receivable
55.736
14,470
47,457
4,602
70,206
52.059
Other Income
Unrestricted Unrestricted
funds
funds
2024
2023
GiflAid
92,172
87,723
11

GREETS GREEN COMMUNITY ENTERPRISES
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Expenditure on charitable activities
Heading
#ac982
2024
Heading
#ac982
2023
Direct costs
Staff costs
Depreciation and impairment
Activities undertaken direclly
202,801
16,791
5,377
184,484
18,007
8,143
224,969
210.634
Share of support and govemance costs {see note 8)
Support
Governance
59,946
5.038
52,552
4,890
289,953
268,076
Analysis by fund
Unrestricted funds
Restricted funds
252,127
37,826
251,927
16,149
289,953
268,076
Support costs allocated to activities
2024
2023
Rates
Insurance
Heat and light
Repairs
Cleaning
Travel
Slalionery & telephone
Consultancy
Bad debts
Computer running costs
Governance costs
3,046
8,396
21,288
9.304
2,006
74
5.891
6.815
243
2,883
5.038
2.295
7,178
12,164
11,682
1,927
32
7,385
7,045
185
2,659
4.890
64.984
57.442
Analysed between:
Charitable activities
64.984
57,442
12-

GREETS GREEN COMMUNITY ENTERPRISES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs allocated to activities
(Continued)
2024
2023
Govemance costs comprise:
Audit fees
Bank charges
4,920
118
4,775
115
5.038
4.890
Net movement in funds
2024
2023
The net movement in funds is ststed after chargingl{crediting)'.
Fees payable for Ihe independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets
4.920
16,790
4,775
18,007
10 Trustses
None of the trustees (or any persons connected with them) received any remuneration or benefits from the
charity during the year.
11 Employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
Chief executive
Administration and support
Childcare
Cleaning
10
Total
12
13
Employment costs
2024
2023
Wages and salaries
202,801
184,484
There were no employees whose annual remuneration was more than £60,000.
13-

GREETS GREEN COMMUNITY ENTERPRISES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
11 Employees
Icontinuedl
Remuneration of key management personnel
The remuneration of key management personnel was as follows..
2024
2023
Aggregate compensation
40,595
39,662
12 Taxation
As a ¢harity, Greets Green Community Enterprises is exempt from tax on income and gains falling within
section 505 of the Taxes Acl 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that
these are applied to rts charitable objects. No tax charges havè arisen in the Charity.
13 Tangible fixed assets
Land and
bulldlngs
Plant and
machlngry
Fixtures.
rittlng5 &
equlpment
Total
Cost
At 1 April 2023
Additions
445,048
4,450
106.996
310
556,494
310
At 31 March 2024
445,048
4,450
107,306
556,804
Depreciation and impairment
At 1 April 2023
Depreciation charged in the year
122,080
8,901
3,968
72
55.113
7,817
181,161
16,790
At 31 March 2024
130,981
4,040
62,930
197,951
Carrying amount
At 31 March 2024
314,067
410
44,376
358.853
At 31 March 2023
322,968
482
51,882
375.332
14-

GREETS GREEN COMMUNITY ENTERPRISES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Fixed asset inveslments
Other
investments
Cost or valuation
At 1 April 2023 & 31 March 2024
Carrying amount
At 31 March 2024
At 31 March 2023
2024
2023
Other investments comprise:
Notss
Investments in subsidiaries
20
15 Debtors
2024
2023
Amounts falling due within one year:
Trade debtors
Amounts owed by subsidiary undertakings
Prepayments and accrued income
5,264
4,207
998
1,663
1,882
7.146
6.868
16 Creditors: amounts falling due within one year
2024
2023
Notes
Other taxation and social security
Govemment grants
Trade creditors
Other creditors
Accruals and deferred income
3,255
12,715
1.749
9.131
3,956
2,219
14,958
2,743
17
3.887
30.806
23,807
17 Govemment grants
Deferred income is included in the financial statement5 as follows:
2024
2023
Deferred income is included within..
Current liabilities
12.715
14,958
Movements in the year..
15-

GREETS GREEN COMMUNITY ENTERPRISES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
17 Government grants
(Continued)
Deferred income at 1 April 2023
Resour¢e5 deferred in the year
14.958
(2.243)
22,053
(7,095)
Deferred income at 31 March 2024
12,715
14,958
18 Restrictsd funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At 1 April
2023
Incoming
resources
Resources At 31 March
expended
2024
Community Centre and Community
Development
Wood Lane Community Centre
Wood Lane Community Centre Impovements
Other Equipment
64,879
231,001
70,258
28,301
9,681
(23.406)
(6.300)
(2,011)
(6.109)
51,154
224,701
68.247
24,435
2,243
394,439
11,924
(37.826)
368,537
Previous year:
At 1 April
2022
Incoming
resources
Resources At 31 March
expended
2023
Community cent￿ and Community
Development
Wood Lane Communtty Centre
Wood Lane Community Centre Impovements
Other Equipment
49,022
237.301
72.269
32,692
16.649
(792)
(6,300)
(2,011)
(7.046)
64,879
231,001
70,258
28,301
2,655
391,284
19,304
(16,149)
394.439
16-

GREETS GREEN COMMUNITY ENTERPRISES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19 Analysis of net assets between funds
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
Investments
Current assetsl(liabilities)
28,546
330,307
358,853
314,011
38,229
352,240
342,557
368,537
711.094
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
At 31 March 2023:
Tangible assets
Investments
Current assetsl(liabilities)
31,086
344,246
375,332
283,607
50,192
333,799
314,693
394,439
709.132
20 Subsidiaries
Details of the charity's subsidiaries at 31 March 2024 are as foll¢)ws'.
Name of undertaking
Registsred
offjce
Nature of business
Class of
Yo Held
shares held Direct Indirect
Greets Green Community England
Enterprises (Development)
Limited
Property renlal
Ordinary
100.00
17-