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$i 20241 Mr John Lee IApFx)in*d 9 July 20241 Charity number 1176750 Company numi*r 10617147 Re8igtered office Smethwi¢k Coun¢il House Hi8h SiTeei Stneihwitk BirtDingham B66 3NT WEST SMETHWICK ENTERPRISE CONTENTS Pige Trustees. report Indcpcndeni examincf5 TerM)rt Sthtemcntorrthancial xtiViiiCS Statcmcnl of flnancial position St8*rnent of ¢a5h flow5 WEST SF￿THw]CK ENTERPIUSE No*$ 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 ch￿ry 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 RecOrr￿cn¢￿d PTaCticc applicabk io charli￿5 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"A￿oun￿[k6 8Trd Rewrting by c1w1v￿. Statement of Recommended Praciice applicable to clwitjC5 pT¥paring thcir acco￿LI in acLordanLf wilh thc Financial R¢wning Standard applicabk in th¢ UK al￿ Repllblic of I￿L8nd {FRS 102}. letYcctJve l January 20191 ObFCtiVeS 2nd a￿l¥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 ¢dU￿10n of childrcn both under Ind of Sch￿)] &ge primarily Itwt not limited w) in wea of bcn¢fiL thTough the pmvisioll of pre-sthool nU￿ry 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 inklkLtU￿Iy. physically. emotionally and 30¢i￿ly. {iti}Pror￿ts￿8 theirctre and ￿fety. {iv) PNpmotLn8 their education and Stimul￿￿1n. 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 ex￿nded and this is rjow our kni¢si sile with i new lar8er rothn. We klso have sever￿ fijnding that suppjrt ¢h¢ obje¢tiv¢s. Si￿lf1¢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 SU￿oning ¢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¥J￿d¢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 Se￿10￿$ supw>rt chilthen's dEveh)pnKnt and provide oprrf)llunliles for s(xlal ImU￿110n ftrr inc ramlly. Our family stspwt 1¢8m ¢onsists ofF8mily Support Worker$0rMi Chilth¢n's DevelOp￿t Worker& They provide awide rang¢ of support fron housing arwj b¢nefits to supwrt for chilthn's behaviuur and lknundarie5 withitt a setting OT humc environtr¢nL We Also offer variouscoursesand pJDgrammcs that suprx)rt pareThts cookin8 skJ"Ils and knowlcdge of healthycating, msthernalic41 d literacy skills and suprxyn parettts on A wide rangc of ￿pic$. 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 $UFVOrtof child￿n. FinaftCj￿ reviev￿ Financial position DurinB the yearthe charity had income of £82J.566 (2024 .' £739,234) and ¢xpidiiur¢ of £779,37012024-. £796.3821. Ai th¢ yew end Ihe ¢h8rity had loial reserves of £211.45512024 .. £167.259I to carry forward. Of this £nil12024 = £nill is held in restrickd fund The 1$ 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 ￿n￿￿n￿ed fvtlds have noi been desiEnatrd for a 5pecifK UK. It is ihe policy of ihe charity Ihal Ihe general fund sI￿Uldbe 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 &b￿ance 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 satisf￿d ihat Systems are irt place to mitlgat¢ exp05tsft to the major Tr co￿5]der1hr tDaior wisks io FK:_ R¢￿urceS- Re£ruitmcth and re*ntion 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¢s1￿1¢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. Fi￿nCid1- Relian￿ on extemal fijnding and the diificulty in obtai￿1n8 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 oPF￿￿nit1ts &$ well &% granLS and Prov￿e 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 govern￿ce 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 s￿ETH￿cK ENTERPRISE TRUSTEES, REPORT (INCLUDfNG DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Mr F Wilson M5 K Mo￿lS 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 tsu5*rs 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 mem￿rS - Current businc55 plart- Organisational chart Ncw trusteC5 ar¢ also given a Charity Commi$5ion bfy)klet ¢xplaining ¢heir duti¢s and resw>nsibililies and fomial trnining 15 provided &9 teglllrtd by individu￿ trystts Key ￿8￿￿gement Temunerdtion TrU￿te$ 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 tru￿ceS, 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¢ fi0￿ClaI 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 prepar￿10￿ of th¢ f￿ancial 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(k￿dent examinaiioo I re￿rt In respe￿ of my exarninationofthc ch￿Ity'S finanriaj state￿￿nt ¢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 seL*iDn 1451SXb} of the CharitiesAci 2011. IndeFThdeDI examinetrs S￿eMen[ Since ihe Chariry's gross incorne exceeded £250,IX)O. the in(kptndcni exarThirKrmust b¢ a ￿mber of a body I￿ted irt section 145 ofthe CharitiesAei 2011. l conlirm that l gm qu￿1r1ed io undertokc the examination because l am a memkr of FCCA. which is one 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 TegUITett*tst 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 pffpa￿l0n of fjnancial sia*mens. WEST SMETHWICK EN'I'ERPRISE memb¢ES have not requiTed the WFllPthy to 0￿1￿ audirof its fioancial State￿¢￿tS forthe Ye￿ in qi￿110￿ 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 fI￿ne1&¥ #aternenis w¢re 4)proved by ihe TNs*es 10 Decern￿r 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 C￿h gcncrafrd fronQlabso¥brd by) 0￿￿110￿S 24 91.517 {14.027) Inveaillg 4uiviiie$ Putthw of tangible r￿ed a55els 3.9501 cash in inve5tin8 a¢tiViiies {3.9501 Financing ￿tiVItIe RepAy￿K￿l of bank loaTTr$ 19.(NNII (9,OQO) Nei c4sh in fiw¢in8 acisvili¢$ 19.000) {9.(MlO} Nei Incre￿I(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 o￿lle 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 J￿v￿ry 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¢h￿Or￿l coAconvention. The principol a¢counlingpolLCiC5 adopted ay¢ set oui below. Crttic&l ￿¢0UnIlllg judg¢ments and k¢y sourc¢s of estiM￿lon wcertainty Eslim41￿ and jlldgcnwnis are ¢oniinualty ev8luat¢d and ar¢ bascd on h￿s￿ric￿ ¢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 ￿UMPI￿on8 The charity rn￿¢$ estimates and assumptions ¢on¢etning the future. The resulting acc4yJntin8 CStimai¢s w511, by dtfinilion, s¢ldom ¢qual the Eel8￿￿ actual T￿llEts. The￿ are no estimates aTA 4￿jmpti¢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 Find￿lIlACtIvit1e$onCelhe chtirsty hLseDtiUement tothe funds. ii i3probibl¢ thai the in(x)me will be received &nd the ornupr be meAsur¢d Rli4bly. Inc0]r￿ from 5crvice level typE a￿￿ments are recognised as the seTvice is wformed. ftDm with perfor[n￿¢t[¢lllcd ¢0[￿lI10n$ ¥¢ ¥¢wgnise4tothe¢xtent tha1the￿EfDrnl8r￿ rel*d Conditions have tr Incorne frotn grants i￿t 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$fer of ecoFwm*c betttjis will be teouiTed in settlement the amount of IL obli8a¢ion ean be rn￿ured reliably. Expcndiwre is ac£oun*d for on an accru￿$ basis l&% ¢tstsifitd under hcading5th31 aggregate all cosl reltited lo ihe¢alegory. Where ¢0st$Caru￿tbc direcdy attribuitdto partitu1tyheadin￿ they hav¢ been alkncaled 10 aettviiies on a basks wnsI￿ent wirh the ￿t ofresouTCtS. NOTES TO THE FfNANCIAL STATEMENTS (CONTfNUED) FOR THE YEAR ENDED 31 MARCH 2025 ACCO￿11￿@ poli¢i¢s (Conitnued) io- WEST SMETHWICK ENTERPRISE Tangiblc fixed &8scts Tomgible fixed assets UTwJerthe model aye slated & hiyt0r1e￿ LY9St le55 accumulitrd dcprcci&tion and any ac¢ESmulated imp&sTh¢n¢ lows. HiS￿)rittl CO￿ includes expenditure Ihai is direttly 81tyibutsblc t(t brin8iO8 the &8%1 its thc location aTrd Condiiion n¢¢essary tor 1¢ capable ofotkratin8 in the manner inlcn¢kd by FnanAgern¢nt. The Ch&ity adds to the carying amount of an itern of fix¢d &%sets the co# of rwlacin8 Part of s￿h an itern whert the COSE ss incurred, ifib- rcplaceTHent part ss expe¢ied to provide in¢r¢mental fuiure beneffts to the ch￿ty. The carrying amount of th¢ rtpl4c¢d plrt is d￿￿¢08nt￿td. Rtpaits 8nd Mainlen￿cc are chlrgcd ￿ &a*men¢ of Finan¢id Acitvitses during the [￿riOd iTr which incurred. D¢pre¢iatioTr is chty so as to allwat¢ th¢ rnsi of tr¢ asw ity theirrtsith*ai value over theirestimattd Dseti]I live Depreciatiort is providtd on the following b&sis'. £quipm¢m and compui¢reouipm¢nE 25% ight l&n¢ The assttg residua] vaJue& usem lives anddepreCI￿ioll Trxthod5 trviewed. and 4djus¢¢d pw$p￿1VeIY if appropri￿@ or tf thue Is on inditatioyj of • $tgnÉfitant than8t sinte the ￿ ￿portIng da*. Ga5ns aThd low on di5pos8ls are detem)ined by compann8 Ik procecd5 with Ihc ¢•Jrying amourti and art Irro8n15rd in the Ststemenl ts(Financial Activiti¢s. B￿lC asscts "I￿ Chwity has¢lcEtrd ￿ apply the provision$of &dion I I 'B&si¢ Fkrwiciai Instfurnents'and St￿10￿ 12'0thErFinaTr¢itil Inmmcnts Tssues. of FRS 102 lo all of ils fIr￿￿Tal 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 simul1￿CoU$ly. TaxaiioTh The Charity 55 exernpt from Ca￿O￿tt0n on its ¢h8riiable a¢tivities. Retirem¢nt t*nefilS The£haritkbie¢oEnpany opert¢esadefined ¢ontr4bution F¢nsion sch¢m& ContributionS￿y&bkio the ¢harit4ble ¢ompahy'$ sion ￿herne are char8ed io th¢ St*ementof Ftnancsal Aciiwiiie$ in the period w whi£h they r¢l&*. Hire pDrch&%e alld le￿1￿8 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. r• WEST SMETFIWICK ENTERPIUSE NOTES TO THE FJNANCL4L STATEl￿NTs (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 ￿all0￿cry 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 t*tween Charitabk a￿1VitieS 122.858 8.783 131.641 8.619 160.731 rt*vemeAi IA fwlds 2025 2024 The nei movein¢nt in r￿d$ is st8ied aft¢r ¢har8jn8u¢￿d1tIR8l.' Ftts payabk fortk indcpcndent examIn￿10n of Ihc £hariWs fiAanei&l statements 1.920 2.020 Depreciation of O￿t0 1angiblc fixed assets 2.770 2,843 OpcTatin8 kasc rharges 57,702 51,034 TrU￿er5 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 th￿ng 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 Imn￿1 ttmunerniion wa5 moff than £60.000. The Ditcctorwkn is con5ifkr¢d io k key rnan1gern¢￿ Fr$Oft¥￿ re¢¢iv¢d £48,085 12024 .. £49.6401 tn the p¢riod. 10 T￿lI10n charity isexempi from Tax on income and gwn$ falling within s¢¢tion 505 of th¢ Trxes A¢t 1988 or Section 252 of ihe Toxationof ch￿ble G#1nsAci 1992 th the txttnt that ihcx ar¢ Applied w itSCh￿Ita6lC objec Tangible fixed &%5ets 6 ccryuicr 4uipmwtt £ Cost Al l April 2024 14.591 At 31 March 2025 Dep￿CiatiON 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 Ma￿h 2024 12 Debiors 2025 2024 Amtrunis failing due within on¢ year. Trade dcbtors Pr¢p8yments and ac¢n*d I￿ome 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 tax*ion 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¢ll￿n￿￿t b¢n¢ftl ￿¢M¢S (Continued) &761 8.324 The Charity OF¢Tatcs 4 defintd conthbulion pcn5ion s¢hem¢ for a]1 9￿￿lfyin8 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 Cl￿1￿ 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 cX￿nded BBC ChildTCft TnNced B TrmiinBham City Univetsity Fairer Futtues H8rbornc Parish land5 Ittclu5iDn Supprt Ltwin project Reat Project S￿dWell 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 Re￿urCrs 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 F￿ure9- Funds sra(t wrndonal, cookthg ses%oJ)s and markming ¢osts. HarFK)rne Parish L￿j5. Funts the sdary Costs of A ffjmly $upw>rt workcr. Inclusion sup[￿rt- Fwjds one w one suP￿rt provided by ageEW Staff. LadYW￿d 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 Wkn￿h hav¢ teen 8ti&%ide thjt of Unre￿rIcted fvnds by Ihe trumees for specifrc Pur￿5¢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¢sour￿5 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 Ch￿lty 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 Ente￿nst Trs a ￿MpanY limiied by gu8ratti¢¢ and 4¢¢ordingly d￿5 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 aN￿￿ber, or within ory¢y¢ar after h¢ or ea5cs lo be a Tn2mb¢r. Anatysis of ck8mge5 in fvnds Ai l A￿12024 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 s1brp1￿SI{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 SMETH￿cK 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.