Chwity registraiion number 1176750 (England 8t¥J Wales) Coinpany TC8isifaiioD number 10617147 WEST SMETHWICK ENTERPRJSE ANTrJUAL REPORT AND UNAUDITED FINILNCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
WEST SMETHWICK ENTERPIUSE LEGAL AND ADMINISTRATIVE INFORMATION Th¢5 MrA C(Kwr MrA Davis Mr C Wa15h Mr F Wilson Ms L E Purieelli Ms J Garner (Apwirtied 5 Au8u$i 20241 Mr John Lee IApFx)ind 9 July 20241 Charity number 1176750 Company numi*r 10617147 Re8igtered office Smethwi¢k Coun¢il House Hi8h SiTeei Stneihwitk BirtDingham B66 3NT
WEST SMETHWICK ENTERPRISE CONTENTS Pige Trustees. report Indcpcndeni examincf5 TerM)rt Sthtemcntorrthancial xtiViiiCS Statcmcnl of flnancial position St8*rnent of ¢a5h flow5
WEST SFTHw]CK ENTERPIUSE No*$ to the finan¢iaJ statemeots
WEST SMETHWILK ENTERPRISE TRUSTEES, REPORT (tNCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Tk irusttts wh) are also directots of thc chry for th¢ putyos¢$ of the Companies Act 200& p¥esMt th¢ir re with T rinanci81 sw¢ments of the charity forthc 31 March 2025. Th¢ truMe¢s h8ve adootd the provisions ofAccouniingand Reporting by Chariiies.. Swemeni of RecOrrcn¢d PTaCticc applicabk io charli5 Preparing their in accord¥m¢e with Ihe FinatKial Reponing Siamlord applicable in the UK and Republic of Treland (F'RS 1021 {¢ff¢criv¢ l Jtnuary 20191 Th¢ fiThan¢iai statements have been Prepared ITr COTdall¢¢with the atts)Unikngwlicics sctout in note I tothe rin&Thci 5t2l¢merts atld comply with th¢ Charity's memorondurn arri¢l¢$, Ihe CompaniesAa 2006 and"Aoun[k6 8Trd Rewrting by c1w1v. Statement of Recommended Praciice applicable to clwitjC5 pT¥paring thcir accoLI in acLordanLf wilh thc Financial R¢wning Standard applicabk in th¢ UK al Repllblic of IL8nd {FRS 102}. letYcctJve l January 20191 ObFCtiVeS 2nd al¥ll1t5 Ttr objects. of the charity as sd out in Ihc govcrniThg th>cumeni gre.. (i) To advan¢e the d¢velow¢nL w¢lfaYe and ¢dU10n of childrcn both under Ind of Sch)] &ge primarily Itwt not limited w) in wea of bcn¢fiL thTough the pmvisioll of pre-sthool nUry and 4xher kisu. recrcational ethcational activlties by. liil PToviding tsafe secure CnViTonmcnt withiTh whith th¢¢hilthn ar¢ ¢no)urn8¢0 and supwTrned Icarn, grow and develo inklkLtUIy. physically. emotionally and 30¢ily. {iti}Prorts8 theirctre and fety. {iv) PNpmotLn8 their education and Stimul1n. and parentsl iDvolvemcnt in ihc saThK. {¥) Promoting iheif health and well kinB' and wovlding services to s¥Jwrt them and thcir families and carc Wc wnfirm that the objeci1¢S Sttll hbld tyu¢ and we are xhi¢ing w¢ll lo m¢¢t th¢ obj¢¢tives One selling has E¢en exnded and this is rjow our kni¢si sile with i new lar8er rothn. We klso have sever fijnding that suppjrt ¢h¢ obje¢tiv¢s. Silf1¢4nt xtiviti¢s Wc Are a cotntrjunity bwd organisalion wilh 8n aim ttr improve otstcomes for chÈldren f&mili¢ Our sewres are inclusive to all w¢ are conmitted ro SUoning ¢hildr¢n and f¢71¢5 within ihe lo¢ csmrnunity. W¢ curr¢nily offer Pr¢-School fatiliiies fuT childKn a¥ed beiwttn 2-5. family support service5 for childrcn and Ihcir families wrthin the local ¢otnmunity, Stay and play 5510[1& a 5UPPOrted (xinTarl renlT¢ and family lewniDg session& All children and young peopk deserve thc p055th1e start in lik and to have awid¢rnng¢ of Oppofftmiii¢sio8tvw¥Jd¢VeI0p irtto hcalihy. safe happy tndtvidu81s. Families play a central rolc in nurturing chil(kcn to t¢ saf¢ self-confident and happy children. OurpTr5chool seThi¢esoffer 8re&opJknrtunilies forchildren to accc55 cgrty yc8rs cducatton fun activitse5 with fully qualified staff including early years ieacher st&tus. We offer 2, 3 and 4 ye& old frtt 15 or 30 hour tsnd¢d plx¢s for ¢ligibl¢ ehildm and also paid plaos for those not ¢ligible for frEe pla¢s. W¢ atw offer free swy play sc5sthons for all djildrrn famili¢5 LD allcvd. These Se10$ supw>rt chilthen's dEveh)pnKnt and provide oprrf)llunliles for s(xlal ImU110n ftrr inc ramlly. Our family stspwt 1¢8m ¢onsists ofF8mily Support Worker$0rMi Chilth¢n's DevelOpt Worker& They provide awide rang¢ of support fron housing arwj b¢nefits to supwrt for chilthn's behaviuur and lknundarie5 withitt a setting OT humc environtr¢nL We Also offer variouscoursesand pJDgrammcs that suprx)rt pareThts cookin8 skJ"Ils and knowlcdge of healthycating, msthernalic41 d literacy skills and suprxyn parettts on A wide rangc of pic$. Public berEftt The trustees complicd with the duty in section 17{51 of 2011 Charitics Ad to have due rtgard gutdanre publishcd by the Charity CommissioTh relating to PLLblie trtnefjt.
WEST SMETHWICK ENTERPRISE TRUSTF.ES' REPORT (INCLUfJlNCJ DIRECTORS, REPORD (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The chtnty's aetivitics rKoYide th publi¢ benefitof improt4¢d ¢4tt. edu¢aiion and $UFVOrtof childn. FinaftCj reviev Financial position DurinB the yearthe charity had income of £82J.566 (2024 .' £739,234) and ¢xpidiiur¢ of £779,37012024-. £796.3821. Ai th¢ yew end Ihe ¢h8rity had loial reserves of £211.45512024 .. £167.259I to carry forward. Of this £nil12024 = £nill is held in restrickd fund The 1$ plehs¢d that the deficit from 2024 isouiwciBhed by the 5urplusgcncratcd in 202S. Reserves policy The g¢n¢ral fur¥J as deriv¢d from nned fvtlds have noi been desiEnatrd for a 5pecifK UK. It is ihe policy of ihe charity Ihal Ihe general fund sIUldbe kepiat a Icvel equivalent 10 be¢wttn and six monihsexrthdinut. 'lThi$ will h¢lp10 saf¢gugrd th¢ toniinuity of the chanty in ihe evenl of an un¢xrrtthcd drop in incomo The ch&rity is siill working to build up thi$ level of TeservES in the gener81 fvnd. Rcstric¢ed funds arr held for sp¢¢ifi¢ ¢xp¢ndI¢U 08r¢ed with the funding pmvidets. At ihe bal4ne¢ sheet date ihis amounied to &bance of £nil 12024 . £nil}. Ai thc year cnd there w¢rE no trICted funds in ¢kfftiL There wete nD transfers beThvecn fund5 during th rKriod. Risks Thc irtkstees hake assessed th¢ rmior risks ¢0 whi¢lk the Charity is expos¢d and are satisfd ihat Systems are irt place to mitlgat¢ exp05tsft to the major Tr co5]der1hr tDaior wisks io FK:_ R¢urceS- Re£ruitmcth and rention in a vojatile and under r¢sow¢ed markeL leadin8 10 reliance on bknk workers. The Ihreat ¢$rniiigaiedby fillingpemigtheni va¢an¢ie%.'fft sector i$Still ufylerT¢sourc¢d how¢v¢r th¢¢harity Tequil¢s11¢I)a on agency w0¢T$ due tts filling pre sthool vRc#ncies and corttinues to increase the number ofstsjdcnts and volunteers to siJppJrt with c4pacity. FinCid1- Relian on extemal fijnding and the diificulty in obtai1n8 8Wants po$ a risk to finan &bility- The threai is mirigaied by crniinuirtE to source new fundfft8 and grant opportunities from a wide vgriety of Sourc Continui t£Tr d¢velop PAth¢rthips within the ¢ommwiity and explore opiions io collabordte. Exploring fiJndraL5iThg oPFnit1ts &$ well &% granLS and Prove training for scnior51aff on bid writin& Plan5 for future p¢riods To continue to maintain ouistandirtg servic¢$ forchsldren and families within Smethwick Lad>wrMMI. SIrncDJr4 governce alld maAagcmcnt Governing documcni charity'5 8overningdocumcnt i¥ irs Mcmorandum andArticles which were regisiered ai C¢)mpani¢s Hollse 13 February 2017 Tk trustees, who also the directors for the purpose of comp8ny law, and who scrvcd durin8 the ycar and up to the dHtc of signalure of iht fin8ncial stst¢menrs were.. MrACoop¢r MrA Davis MgA C Sicarn Mr C Wa14J (Resigned 9 July 20241
WEST sETHcK ENTERPRISE TRUSTEES, REPORT (INCLUDfNG DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Mr F Wilson M5 K MolS Ms L E Puricelli Ms J Gamer IResi8ned 28 February 20251 {Apwinied 5 Augusi 20241 (Apptsintrd 9 July 20241 Mr John ix¢ R¢cruilment and apwinThtni of ncw lrnsiees TIusi¢Cs recruitrd froill le chwiti¢S eAisiiiJg i>¢lwork of (J)11ts8¢ts. Th¢ iwd s¢¢ks Lo id¢Titsfy FX)iiLial tsu5rs wl omplirnent the existing mcmbers of the tM)8rd. ensurin8 a broad ran8c of re]evant skills experience are retained. Poteniiai trusoes are proposed at tTh5tec me¢iings and approachcd following appTOVa] by the trthrd. A written invitation is sent to the TeCornMcnd individua] and a written response required before fom)8J appointhyni is processed. Following appointmenL new trustees are given a trusiees induclion pack which includes the following.. - Cop*es of the M¢motaThdum Arti¢l¢$ of Asso¢iThlio Copie5 of 211 previous trustees, minutes - Swem¢ni of puryx)s¢ for thc board - Rok dc5criplion for board memrS - Current businc55 plart- Organisational chart Ncw trusteC5 ar¢ also given a Charity Commi$5ion bfy)klet ¢xplaining ¢heir duti¢s and resw>nsibililies and fomial trnining 15 provided &9 teglllrtd by individu trystts Key 8gement Temunerdtion TrUte$ ensure that siaff within each secioT ieteive pAy in lint with the role they dt) and in line wilh other4 daing the tAme mle. .xtra pay 15 given to stsfyfor addiiiona] resp)nsibilitses. The trustces have d¢le821¢d day fo day NnJ)in8 olthe tharity to the Director. REFERENCE AND ADMISTRATIVE DETAILS RcgistrTed Company numttr 10617147 (Englthd aftd Wale5) Re8isiercd Chority number 1176750 Registered office Room 74-76 Smeihwick Couftctl Howse High Sireet Smethwick Binninghwn B66 3NT Indep¢ndeni Examiner Jeyrom5 GCN Limiied Chartered Certified A¢¢ounthnts West Point 2nd Floor Mucklovi Hill Halesowen West Midlands B62 8DY DiT¢Ctor
WEST SMETHWICK EN'I'ERPRISE TRL'STEES, REPORT (INCLUDING DIREC'foRS' REPORT) {CONTtNUED) FOR THE YEAR ENDED 31 MARCII 2025 Laura Richmond This h&$ prepared in accordanc¢ with th¢ s¢11 provi5tons of Part 15 of the CompaniesAct 2(M)6 rcl&iing kn small companies. The truceS, report W&8 approved by Ihc BooTd ¢)f Tn&stc¢s. Mrj Le£ 10 D¢ttmber 2025
WEST SMETHWtCK ENTERPIUSE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WEST SMETHW ICK ENTERPRISE I report to the bvsi¢¢s on my ¢XAmiWiQD of th¢ fi0ClaI statenKnts of West Sme¢hwi¢k Enierprise Iihe Ch8rity1 for the yw endett 31 March 2025. Responsibiliiies and b&si5 of Tep¥)rt As th¢ Irustees of the Charity (and also its diTeCtors foT the purposes of company law). you 8rc rcsyonsibk for th prepar10 of th¢ fancial statements tn accordance with the requirements ofthe Companies Act 2006. Having sarisfied myself that the fiD8n¢ial sta¢¢JrtThts of tht Charity ajt ntst required to be audited uTrJer Pan 16 of the Companies Aci 20(1 and ore eli8ible for in(kdent examinaiioo I rert In respe of my exarninationofthc chIty'S finanriaj statent ¢awried out under secuofi 145 of th¢ Ch4Titie5Aa 2011. In wryithg tsui examin]0 I hav¢ follow¢d the DiTectionssiv¢n by the Chohty Commission urtder seLiDn 1451SXb} of the CharitiesAci 2011. IndeFThdeDI examinetrs SeMen[ Since ihe Chariry's gross incorne exceeded £250,IX)O. the in(kptndcni exarThirKrmust b¢ a mber of a body Ited irt section 145 ofthe CharitiesAei 2011. l conlirm that l gm qu1r1ed io undertokc the examination because l am a memkr of FCCA. which is one <pf the list¢d todie& I hav¢ ¢ompl¢ted my ¢umin4tion. I confimi thaino matters have conK lo my arieniiott inconneerlonwiththe¢xamiLIioftgl¥in8 me cause to believe that in any rnatrrial itspeci.. 8¢rountin8 records %v¢rc not kot in r¢S¢t of th¢ Chthty required by seaion 386 of the 2006AcL or the financial swents noi xcord with re¢oTds', or the finaJKial ateMeIS dD not comply wilh Itje a¢¢ouniing requi¥em¢Th of section 396 of the Compani¢sAa 2006 oth¢r than ony r¢quir¢mpni thai the fJnwlci siakment5 8LV¢ a and fr view, %vhich is Thol a mttller ¢onsiderd &s pth of aft independenr examinaiion.. or Ihe fmanciaj STatetnent5 have not been PTepgrtd accord¢ wilh the methods and principle5 of thc gtaierrni of Recommended Pracrice foraccouniing and ryorting by chariiics applicable to ch2Tfitie5 prcparing their financial 5tatcments in a¢¢oTd&fic¢ wlth th Firtorttial Rep)rting Swdard ¥pplicable in the UK and Republic ofIYtJ8nd IFRS 1021 I have rm) concerns and hive come acros5 no oih¢r matrers in connectionwith thr exlAll0 w which attcmioll should drnw in thi5 rcwirt in ord2rto enable 4 prTrpcT undcr51anding of the fiThancia] slatetnents to Lr rcached. Alart E Jonts FCCA Jerroms CTCN Limii¢d Charted C¢rtifi¢d A¢vn(ants West Point 2nd Floor Mu¢klow Hill H8ksowe B02 8DY Dar¢d.. 10 De¢¢mb¢r 2025 STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOME AND EXPENDITURE ACCOUNT
WEST SMETHWICK ENTERPRISE FOR THE YEAR ENDED 31 MARCH 2025 Uwc51ri¢t¢d Restii¢tk'd fjjnds futsd5 TOMI Unrestrided fusN Total funds 2025 2025 2025 2024 2024 2024 Ne$ lrtcome fiDm.' DoEhatiotts and le8aCit5 Charitabk activit 68,352 667,856 87,358 155.7lO 667,856 55.649 55&111 147.474 203.123 55llll Toiai irrne 7J6.208 87 J58 823.566 611.760 147,474 759234 Expcndilurc on= Charitable activthes 692.012 87.358 779,370 648.908 147,474 796,382 692.012 87.3J8 779.370 648,908 147,474 796,382 Total eXnditUrE Nt( in¢om6leJp¢ndiiiir¢) and movemeni tu fvnds 44.196 44.196 {37.1481 137.148) Rewncilialiim of fwds.. Futtd balan¢£5 & l Apjil 2024 167,259 167,259 204.407 204.407 FuThl baJan¢es 4131 Mwrh 2025 211.453 211.455 167,259 167259 Th¢ on pag¢s 10 to 22 fomi part of ihtse fthartcial stakmenis. STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025 2023 2024 Nolcs Fixed 0ss¢iS
WF.ST SMETHWICK ENTERPRISE Tongible assets 3,203 5.973 CuErenl assets 1kbr5 17.616 47.858 CL%h at bank and in hand 243.53Q 161.013 261.146 208,871 credi10= amounts f[ng due within on¢ y¢Er t4 151.394) 137.0851 ¢urreni ak8¢ts 209.752 171.786 Tfj awls less ¢urT¢DI li4biliti¢s 212.955 177,759 CTeditors'. amounts falling due after ore Ihan one ytsr (1,5fA>I {10.5(X)) N'ei 8SS¢¢S 211,435 167259 funds Ilrrrstri¢ied funds 211.455 167.259 The on pa8e$ 10 22 of financial swements. STATEMENT OF FfNANCIAL POSI'I'ION (CON'I"INU'ED) AS AT 31 MARCFI 2025 Thc cornpany i8entitl¢d kn the exemption fruln the kudil TegUITetttst contained in alon 477 of the Companics Ad 2006. for the year ended31 MBrch 2025. dir¢£iors a¢knowled8e Iheirrespjnsibilities for complyinR with ihe requircmcn£% of th¢ Compani&s Act 2006 with TCSF¢Lt to a¢¢(wnting rtCOTds and the pffpal0n of fjnancial siamens.
WEST SMETHWICK EN'I'ERPRISE memb¢ES have not requiTed the WFllPthy to 01 audirof its fioancial State¢tS forthe Ye in qi110 jrt aceordartce with se¢¢ion 476. Tlw fioan¢ial stat¢ments hav¢ b¢en prepsr¢d in accordancewith the provisi¢)ns applicRble cornpanics subject to ts small coThpanie5 rcgime. The fIne1&¥ #aternenis w¢re 4)proved by ihe TNs*es 10 Decernr 2025 MrJ Company re8iStration numbcr 10617147
WEST SMETHWICK ENTERPRISE STATEMENTOF CASH FLOWS FOR THE YEAR ENDED 31 &ldARCH 2025 2025 2024 C*sh tlows from opEMiThg activities Ch gcncrafrd fronQlabso¥brd by) 0110S 24 91.517 {14.027) Inveaillg 4uiviiie$ Putthw of tangible red a55els 3.9501 cash in inve5tin8 a¢tiViiies {3.9501 Financing tiVItIe RepAyKl of bank loaTTr$ 19.(NNII (9,OQO) Nei c4sh in fiw¢in8 acisvili¢$ 19.000) {9.(MlO} Nei IncreI(decIc8SE) in cash cash cquivalenL% 82J17 (26.9771 Cath c&sh equivalEn15 at ksinning ofyear C&%h aAd t&sh cquivaknts cnd of ycar 243.530 The rtoteson wes 10 k$ 22 form paft ofthese financial statements. NOTES TO THE FNANCIAL STATEMENTS FOR THE YEAR ENDED 11 MARCH 202$ Accounting N>licics Charity inforrntlion
WEST SMETHWICK ENTERPRISE Vcsi Smcthwick Enlerprisc is a pwivAte £ompany limited by 8uaYantee incotporaied ill l.'gl&Trd Ènd l¥'8lcs. The r¢stered olle t$. Smethwick CDuncil House. Hi8h Sts¢eL SEnethwi¢k. 8imiin8hwn, B66 3NT. A¢¢outs¢ut8tottv¢rtyon The fman¢ia] srAtcmenrs have Ixen pr¢p•xcd in 8¢¢ord•ntt with tht Charity's Memorandum dArtIck$, the Cornpanics Ath 2(M)6. FRS 102-The Finan¢1 Reportin8 StsFQard ppli¢able in the UK and Republic of Ire18nd" I-FRS 102.? thc CharFtie5 SORP"ALYtsUTrting md Rery)rtÈn8 by Charitie5.' Siatement of Recornmended Prattieeapplicable to¢ltariiiespr¢pario8 th¢ira¢¢ounts tTr Kcordance with the Financial Reportin8 Standard appliublc in the UK and Republic ofiff I¥ IFRS 1021" ItlTeciive l Jvry 20191. The ChArity Isa Publi¢ Benefit Ethtity as d¢fincd by FRS IO2. Th¢ fittan¢iai 514t¢m¢nts Jre prepaTed in sterling, which is thc fottttsonrtl cwF¢n¢y of th¢ Ch4rity. Mon¢tary arnounts in ih¢se financial 5taiemcJ)ts aTe roundcd lo ncarst £. The financial sialcments have been prepared Underth¢hOrl coAconvention. The principol a¢counlingpolLCiC5 adopted ay¢ set oui below. Crttic&l ¢0UnIlllg judg¢ments and k¢y sourc¢s of estiMlon wcertainty Eslim41 and jlldgcnwnis are ¢oniinualty ev8luat¢d and ar¢ bascd on hsric ¢xp¢rien¢¢ 8nd other fa£iors. Èn¢luth'ng expeclaiiotis of fulur2 ¢vents thai arE lieVed 10 bE rets)nable under the circumsthnces. crfli¢ aceotsniinE estimates 2nd UMPIon8 The charity rn¢$ estimates and assumptions ¢on¢etning the future. The resulting acc4yJntin8 CStimai¢s w511, by dtfinilion, s¢ldom ¢qual the Eel8 actual TllEts. The are no estimates aTA 4jmpti¢jns that h&ve & significant risk of a material adjustmeni TO the eanying amounts of assets and IiAbililies withkn the nexi financial period. 1.2 Income All in¢om¢ isffcogftisert in th¢ Stat¢m¢ntof FindlIlACtIvit1e$onCelhe chtirsty hLseDtiUement tothe funds. ii i3probibl¢ thai the in(x)me will be received &nd the ornupr be meAsur¢d Rli4bly. Inc0]r from 5crvice level typE aments are recognised as the seTvice is wformed. ftDm with perfor[n¢t[¢lllcd ¢0[lI10n$ ¥¢ ¥¢wgnise4tothe¢xtent tha1theEfDrnl8r reld Conditions have tr Incorne frotn grants it subFa to pKrfortnance Tclated ronditlQlls are TccogiiT5¢d whcn the ¢hexity b¢com¢s ertlitkd lo ihE grdni. The clwÈty is a551s1td by a number of voluntrers who give their tiTllC frcely. Expenditure Liabilities aye recoBnised 8s¢xpenditwe assoDft ls there 15 a t¢gal or£onslNctive obltgaiioncommktting the charity to that expenditu, it is probttble that è trthn$fer of ecoFwmc betttjis will be teouiTed in settlement the amount of IL obli8a¢ion ean be rnured reliably. Expcndiwre is ac£oun*d for on an accru$ basis l&% ¢tstsifitd under hcading5th31 aggregate all cosl reltited lo ihe¢alegory. Where ¢0st$Carutbc direcdy attribuitdto partitu1tyheadin they hav¢ been alkncaled 10 aettviiies on a basks wnsIent wirh the t ofresouTCtS. NOTES TO THE FfNANCIAL STATEMENTS (CONTfNUED) FOR THE YEAR ENDED 31 MARCH 2025 ACCO11@ poli¢i¢s (Conitnued) io-
WEST SMETHWICK ENTERPRISE Tangiblc fixed &8scts Tomgible fixed assets UTwJerthe model aye slated & hiyt0r1e LY9St le55 accumulitrd dcprcci&tion and any ac¢ESmulated imp&sTh¢n¢ lows. HiS)rittl CO includes expenditure Ihai is direttly 81tyibutsblc t(t brin8iO8 the &8%1 its thc location aTrd Condiiion n¢¢essary tor 1¢ capable ofotkratin8 in the manner inlcn¢kd by FnanAgern¢nt. The Ch&ity adds to the carying amount of an itern of fix¢d &%sets the co# of rwlacin8 Part of sh an itern whert the COSE ss incurred, ifib- rcplaceTHent part ss expe¢ied to provide in¢r¢mental fuiure beneffts to the chty. The carrying amount of th¢ rtpl4c¢d plrt is d¢08nttd. Rtpaits 8nd Mainlencc are chlrgcd &amen¢ of Finan¢id Acitvitses during the [riOd iTr which incurred. D¢pre¢iatioTr is chty so as to allwat¢ th¢ rnsi of tr¢ asw ity theirrtsithai value over theirestimattd Dseti]I live Depreciatiort is providtd on the following b&sis'. £quipm¢m and compui¢reouipm¢nE 25% ight l&n¢ The assttg residua] vaJue& usem lives anddepreCIioll Trxthod5 trviewed. and 4djus¢¢d pw$p1VeIY if appropri@ or tf thue Is on inditatioyj of • $tgnÉfitant than8t sinte the portIng da. Ga5ns aThd low on di5pos8ls are detem)ined by compann8 Ik procecd5 with Ihc ¢•Jrying amourti and art Irro8n15rd in the Ststemenl ts(Financial Activiti¢s. BlC asscts "I Chwity has¢lcEtrd apply the provision$of &dion I I 'B&si¢ Fkrwiciai Instfurnents'and St10 12'0thErFinaTr¢itil Inmmcnts Tssues. of FRS 102 lo all of ils fIrTal inslNment& FitwJcia] insttuments are re&]Sed in Ihe Charity's balaTtce sheet whtn Ihc Clwity become5 party 10 the contrartual prtsvisionsofthe inslrurneTht. Finan¢iel assets and liakn'liiies otYseL with the net amounts presented in the financi sialerncnts whcn thcre is a Icgally enforceable rs8ht to set off the recognised amounts and there bs a15 iTkieEJtion to scttle on a net basis or 10 ffalise the ass and settk the liability simul1CoU$ly. TaxaiioTh The Charity 55 exernpt from CaOtt0n on its ¢h8riiable a¢tivities. Retirem¢nt tnefilS The£haritkbie¢oEnpany opert¢esadefined ¢ontr4bution F¢nsion sch¢m& ContributionSy&bkio the ¢harit4ble ¢ompahy'$ sion herne are char8ed io th¢ Stementof Ftnancsal Aciiwiiie$ in the period w whi£h they r¢l&. Hire pDrch&%e alld le18 committnenis Rentals F4id under operating Ica5es alc charged to the Stottment of Finan¢1 Activhks on a str&i8hL line basis over rl* of the lease. Trad¢ debtors and crediwrs RCeivab.plyabIt within one year DcblorsandcT¢ditor5wiih no 51atcd interest rnie And rw¢ivable oi payabk withinort¢ Ye Are corded ai tr$&¢110 prt¢e. Any loss¢s arisin& from impairm¢nt are rcco8nis¢d in exp¢nditure.
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WEST SMETFIWICK ENTERPIUSE NOTES TO THE FJNANCL4L STATElNTs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 4 Charitable xtivities Ch8rttabtc Ch8rit2blc Expendiwre Expendittjre 2025 2024 Stsff ¢osts IkpreciaÈon and impainncTrt Food. oth¢r $taff costs and otlw wsts Childcare re8eurccs 629,635 2.770 6.575 8.549 615.679 2.¥43 7.928 9,201 647.529 635.651 Grnnt funding ofurhvilics NA¢ S) 2(Ml Sharc of suprM)n costs Iser noEe 61 ShDre of BovcaJaNi ¢05L5 {sce notc 61 122,858 8,783 152,112 8,619 779,370 796.382 A*alysis by fund Unrtstri¢t¢d funds Rcstrict¢d fwM15 692,012 87,358 648,908 147.474 779.370 796.382 Grants payable Grant paid 2025 £ Gronis itimituiions.. West Smeihwi¢k Methodist ChuKh 200 Supportcosts SupTr)rt Cx>veTtWK¢ C051S 2025 Support Govefftanix ¢v$ts 2024 Rent Ratr5 Rnd water 57.702 822 57.702 822 51,034 314 51.034 314 Insurar 7.253 7,253 7.703 7,703 Lighi oAd he 5.848 5.848 3.620 3,620 15-
WEST SMETHWICK ENTERPRISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Telephone 5.714 5.714 6,711 6.711 Postsxc ar¥J all0cry 1,093 1,210 1,210 SuDdrie$ 2.516 2,516 2.034 2,034 Repair5 TerKwa15 3 J23 3.523 5.975 5.975 OiheT Staff ¢JJsts 13.777 13.777 44.ou 44.014 Travel expenses Xm&s and comrnunity p&ties Cl¢onin8 and wLs¢e dispos 1.212 1.212 4,488 4,488 997 1.672 1.672 11.503 11.503 11,473 11.473 Computercosts IO294 10,294 11.056 11.056 Bank Char8e5 218 218 166 166 Bank k)an iTrlett P¢nsM>n asjd cmployrncnt a(fvic¢ ndeF¢ndani exam]r[S fee 386 612 612 6.863 6.863 6.599 6,599 1.920 1.920 2.020 2.020 122,858 8.783 lJJ.641 152,112 8,619 160.731 Analysed ttween Charitabk a1VitieS 122.858 8.783 131.641 8.619 160.731 rtvemeAi IA fwlds 2025 2024 The nei movein¢nt in rd$ is st8ied aft¢r ¢har8jn8u¢d1tIR8l.' Ftts payabk fortk indcpcndent examIn10n of Ihc £hariWs fiAanei&l statements 1.920 2.020 Depreciation of Ot0 1angiblc fixed assets 2.770 2,843 OpcTatin8 kasc rharges 57,702 51,034 TrUer5 16-
WEST SMETHWICK ENTF.RPRISE NOTES TO THE FINANCIAL STATEMENTS (CONTtNUED) FOR THE YF.AR ENDF.D 31 MARCH 2025 Norte of ik irustes lor w persons conne¢ied wilh th¢ml r¢ceiv¢d any remuneralion or kn¢fits from the Choxtty during the y¢8r. Employees The avcra8c monlh]y crnployee5 thng the y¢ar w. 2025 2024 Nurrtl>Br Nwnkr Direct Delivery 34 38 Employm¢nl tosts 202J 2024 Wagvs 5alaits Social 5¢CUTity ¢051S Other rthsion costs SB7.0I3 33.861 575.996 31.359 62Y.635 615.679 There no employees whose Imn1 ttmunerniion wa5 moff than £60.000. The Ditcctorwkn is con5ifkr¢d io k key rnan1gern¢ Fr$Oft¥ re¢¢iv¢d £48,085 12024 .. £49.6401 tn the p¢riod. 10 TlI10n charity isexempi from Tax on income and gwn$ falling within s¢¢tion 505 of th¢ Trxes A¢t 1988 or Section 252 of ihe Toxationof chble G#1nsAci 1992 th the txttnt that ihcx ar¢ Applied w itSChIta6lC objec Tangible fixed &%5ets 6 ccryuicr 4uipmwtt £ Cost Al l April 2024 14.591 At 31 March 2025 DepCiatiON and impatmieni At l April 2024 D¢pffcialioTh (*fyrged ID th¢ y¢ar &618 2.770 Ai 31 March 2025 IlJ88 Canying anjouni Al 31 March 2025 3.203
WEST SMETHWICK ENTERPRtSE NOTES TO THE FtNANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 5.973 At 31 Mah 2024 12 Debiors 2025 2024 Amtrunis failing due within on¢ year. Trade dcbtors Pr¢p8yments and ac¢nd Iome 14.681 21.525 17,616 47,858 13 Loans and ovcrdrttfts 2025 2024 B)Thk lojns io,s 19.5t Payable within ctt yedr Payablc aftcr onc ycar i.s( 10.500 14 Credtiors.. 8nk)unts failin8 due within Dne year 2025 2024 Bank JoJn$ Other taxion and SOCI *CUTity 13 9.000 6.540 9.OL¥I 5,102 Trnde uethtors 3.OTJ er ctediiors 741 1.130 A¢eruals and 4kf¢rred iJ)¢ome 35,113 18.780 51.104 37.5 15 CT¢ditOTS: amoun15 fjlling du¢ aft¢r MOK on¢ ye 2¢n5 2024 Notes 18
WEST SMETHWICK ENTE,RPRISE NOTES TO THE FJNANCIAL STATEMENTS (CONTINUED) OR THE YEAR ENDED 31 MARCH 2025 Bopk 108n5 13 1,500 10. 16 CoveTnmeN grants Deferred of £23,452.07 is r¢cognis¢d within actruats and ¢kfeTred income relatiLB grants Ttccivcd in advaT%X of the rIodt0 whith they relate. 17 ReiircffKnt bcnefii schc 2025 2024 Defjned contiibulioTh schemes Charge to profjior loss ui rewt (>f defined contyit•JiioD s¢hem¢5 17 R¢llnt b¢n¢ftl ¢M¢S (Continued) &761 8.324 The Charity OF¢Tatcs 4 defintd conthbulion pcn5ion s¢hem¢ for a]1 9lfyin8 employees. The &ssets ofthe sche* a held separately from thos¢ of th¢ Charity in an indeF¢nd¢ntly administered Thd. 18 Restricted bjnds Th¢ re5tricred funds of the Cl1 Comprise Ihc uncxprndcd bilaThrcs of &)na110115 grnnts h¢ld trust $ubi¢t¢ cific condtlions by donors to they may t¢ uye At l April 2024 Incoming Rcx>urcc5 Ai31 Marth 2025 cXnded BBC ChildTCft TnNced B TrmiinBham City Univetsity Fairer Futtues H8rbornc Parish land5 Ittclu5iDn Supprt Ltwin project Reat Project SdWell MBC DAF scvo 24,231 2.5(Ml 3.692 10,875 36,538 1,042 2,000 2.730 3.750 124.231) 11SDO} 13,692) {10.8751 {36J38) 11.0421 12,0001 12.7301 87,358 (87.358) Pmious year-. At l April 2023 Incoming etoutteg ReurCrs At 31 March 2024 BBC Children in Need H&rbome Petith Lands lft¢lusioA Suprwt Ladywood ESF Real Project scvo 33.024 7.875 29.170 69.15 &0 2.400 (33.024} {7.8751 (29,170} 169.005} 16.0001 {2.4001 19-
WF.ST SMF.THWICK ENTEIIPRISE NOTES TO THE FfNANCIAL STATEMENTS (CONTINUFD) FOR THE YEAR ENDED 31 MARCH 2025 147.474 {147,474) 18 ticstriclcd fut (Continued) BBC ChildTen In N.e¢d. Funds $ar1 and ttaining forehildren development worke Binningham City Univtt5ity- vari¢)ffj tyainin8 pro8rammts and workshops. Fairer Fure9- Funds sra(t wrndonal, cookthg ses%oJ)s and markming ¢osts. HarFK)rne Parish Lj5. Funts the sdary Costs of A ffjmly $upw>rt workcr. Inclusion sup[rt- Fwjds one w one suPrt provided by ageEW Staff. LadYWd ESF- Fwids the salBry costs of tlK ESF proj¢cL L¢win Proie¢i - Funds staff wsts. Real Project- Fund stytrirt8 costs, event resourc4 home packs workshops trip Saodwell MBC DAF- Funds re50wces for children with disf4bilities. SCVO- Fund cooking sessions sthffin8 C0S15 and ov¢rtJead ws¥s. 19 Unresfftctvj funds The utwtxlrieitd funds of th¢ charity comprix th¢ unexpended balances of donaiions and grants which art not Subjcct t sFcilic condition5 by donor5 and grantors as TO hDW they may b¢ us¢d. Th¢s¢ in¢lud¢ de£nattd fiJn(ts Wknh hav¢ teen 8ti&%ide thjt of UnrerIcted fvnds by Ihe trumees for specifrc Pur5¢5. At l April 2024 In¢omin8 souftts Re50urce5 expended Ai J l March 2025 GeDeral fimds 167J59 730,208 {692,012> 211,455 PThioUsye'. At l April Incoming 2023 T¢sour5 Resowct5 expend At 31 March 2024 Ger*rdl funds 204.407 611.760 {648,908) 167,239 20 Opcrating le ¢ommilrnents .20.
WEST SME'I"HMCK ENTERPIUSE NOTFS TO THE FtNANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 At thc repontng cnd dalr the Chlty had outstsrtdiAg commitmertts For fu¢urt minimum le4ge yth¢nts under non- caThcellabk DT*raiing kases. which fall duc follows.. 2025 2024 Wiihin one year Between two 2nd fiv¢ years 27.674 15.616 48,162 43.290 117.223 21 Rel&ed p8rty transacrioThi There wrr¢ no dis¢1058ble rtlated party transdClÈons dllrin8 the ye4T {2024. nonel 22 Comp&ny limstcd by guaranlte we Smethwick Entenst Trs a MpanY limiied by gu8ratti¢¢ and 4¢¢ordingly d5 r[have shart capital. Fyery m¢mkrof the company unthrtak¢s to ¢Ontribute $u¢h amouni may be tequtred noi exceedtThg £1 10 Lwtsof th¢ ¢h&ri¢able ¢ornpgny tTh the ¢vent of i¢8 b¢ing wound up while he or aNber, or within ory¢y¢ar after h¢ or ea5cs lo be a Tn2mb¢r. Anatysis of ck8mge5 in fvnds Ai l A12024 Caxh Ilow&it31 M¥¢h2ts1S Cth Hnd in hllnd 161.013 82.517 243J30 )ans falling due within one year Loans fa]Ihng due after mor¢ than ore y {9,0fy)1 (9.OtK>I 91.517 233.030 2024 24 Cash Benerakd frosn OF¢NiOn5 2025 44,196 {37,1481 s1brp1SI{deficilY for the yr8tAd3us¢menL8 Deptt¢Iatio a7)d impairnieni of raDglb]e fixed Bssds m0ven) in working capithl.. 2.770 1843 DcvTe85c in rkbtOTS 30,242 25,674 Increasel{decreJse) in urditors 14.309 (5,3961 21
WEST SMETHcK ENTERERISE NOTES TO THE FINANCIAL STATEMENTS (CONTtNUED) FOR TFIE YEAR ENDED 31 MARCH 2025 L&%h gcttraied fToml(absorbed by) optr&tions 9T.517 114.0271 22.