**REGISTERED COMPANY NUMBER: CE018748 (England and Wales) REGISTERED CHARITY NUMBER: 1185192**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **FOR**
**291 COMMUNITY ASSOCIATION CIO**
J W Hinks LLP Chartered Accountants 19 Highfield Road Edgbaston Birmingham West Midlands B15 3BH
**291 COMMUNITY ASSOCIATION CIO**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Balance Sheet**|7|to|8|
|**Notes to the Financial Statements**|9|to|18|
**291 COMMUNITY ASSOCIATION CIO (REGISTERED NUMBER: CE018748)**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice 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 ACTIVITIES**
## **Objectives and aims**
The object of the charity is to provide facilities for recreation and other leisure-time occupation in the interests of social welfare for the public in general including, but not exclusively, residents of the borough of Sandwell, principally in the area of West Bromwich.
## **Significant activities**
The running of the 291 Creative Hub for older people to reduce loneliness and isolation.
The effects of the pandemic was in fact a learning curve, we were forced to change and adapt our methods of staying connected with our members via Telephone, WhatsApp groups, Facebook, Twitter and Instagram accounts. In addition, virtual activities were used. With the help of a grant, we purchased SIM card tablets to enable those without the means to join in the activities of the 291 Creative Hub to do so. However, this was limited due to our members needing on-site training. We continue to be blended our activities both on site and on Zoom. Our Online groups on WhatsApp, Facebook, Twitter and Instagram continue to enable members to stay in regular contact with each other, particularly those who live alone and/or who have mobility challenges, to enable conversations and friendships that would normally have taken place at the on-site Hub to continue.
The social activities provided include Friendship Group; Craft and Chat; Art Class; Creative Craft; Digital Group; Gentle Exercise to Music and Walking Football, Easy Cooking once a month and Sing Along twice a month. Two other monthly activities have continued during the year namely Book Club and Walk around the Park.
We are pleased to report that our members are beginning to recover more confidence and attending on site activities and overcoming their reluctance following the effects of the pandemic. They are still being very cautious, but we are pleased to see that our numbers are slowly beginning to grow. We consult our members via their representatives at the bi-monthly Steering Group meetings to communicate ideas and discuss future activities and events.
## **Public benefit**
When planning the activities and projects for the year, the Trustees are committed to providing facilities for use by as many members of the public as possible. They are also committed to ensuring that those facilities are fit for purpose, secure and safe.
## **Social investments**
We have no investments and are unlikely to be in a position which will warrant such a policy.
## **Grantmaking**
We have no intention to make grants to other charities.
## **Volunteers**
As a small charity we value the assistance provided by volunteers, without whom our aims and activities would be more difficult to achieve.
This has been a challenging year but one where we have made progress with the number of members who have benefited by being able to contact each other and take part in activities either on site or by other means which would not otherwise have been available to them. In our surveys they have informed us how happy they have felt due to being part of the 291 Creative Hub.
Page 1
**291 COMMUNITY ASSOCIATION CIO (REGISTERED NUMBER: CE018748)**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
## **ACHIEVEMENTS AND PERFORMANCE**
## **Charitable activities**
In this fifth year of the CIO our work with members of the public in the 291 Creative Hub we have been pleased to see that our members are beginning to recover more confidence and attending on site activities and overcoming their reluctance following the effects of the pandemic. We continue both onsite and on Zoom to enable our members to continue to use whichever way they wish to maintain contact with us and our activities; i.e. telephone, WhatsApp groups, Twitter, Facebook, Instagram, and Zoom. By blending our activities in this way, we hope that we are extending the scope of reaching more lonely and isolated people.
## **Fundraising activities**
The fundraising objective is to raise funds to sustain the 291 Creative Hub and associated core costs for the charity. The National Lottery Community Fund (TNLCF) has provided core funding for a further three years commencing June 2024 with match funding from applications to Eveson and other selected Trusts. This was supplemented by four small grants total £7,000 that helped to fund a new Assistant post in support of the Manager. During the year a new application to The National Lottery Community Fund was discussed with our TNLCF Grants Officer and a stage 1 enquiry in October 2023 was successful resulting in an invitation to submit a full stage 2 application by February 2024.
## **FINANCIAL REVIEW**
## **Financial position**
During the year ended 31 December 2024 incoming resources totalled £77,872 (2023: £72,154) and outgoing resources totalled £63,874 (2023: £58,007). This resulted in a net surplus for the year of £13,998 (2023: net surplus of £14,147). As at 31 December 2024 the charity had closing net assets of £119,261 with £30,772 being unrestricted and £88,489 being restricted.
## **Principal funding sources**
The Charity's principal sources of income are grants and donations.
The National Lottery Community Fund Eveson Trust McCarthy Stone Foundation Michael Marsh Trust Grimmitt Trust W.E.Dunn Trust
There are also contributions from Wesley Methodist Church.
## **Reserves policy**
This is the fifth year of the CIO, which being a small charity with no fixed income is dependent on grants and the donations from the members of the 291 Creative Hub.
As at 31 December 2024 the level of unrestricted reserves in the charity totalled £30,772 (2023: £7,024).
## **Going concern**
We need grants to cover the staff cost of the 291 Creative Hub. We are grateful to the National Lottery as the grant for 3 years has given us stability which will allow us over time to rebuild our reserves and continue with our aims into the future.
Page 2
**291 COMMUNITY ASSOCIATION CIO (REGISTERED NUMBER: CE018748)**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a charitable incorporated organisation (CIO), limited by guarantee.
The charity trustees may delegate any of their powers or functions to a committee or committees, and, if they do, they shall determine the terms and conditions on which the delegation is made. The charity trustees may at any time alter those terms and conditions or revoke the delegation.
## **Recruitment and appointment of new trustees**
Potential trustees are identified and approached by existing trustees. The intention is to have as wide a base of skill, knowledge and experience as possible within the trustees appointed.
In accordance with the constitution, there must be at least 3 trustees with a maximum of 9. Apart from the first charity trustees, every trustee must be appointed for a term of 3 years by a resolution passed at a properly convened meeting of the charity trustees.
On appointment, each new charity trustee will be issued with a copy of the current constitution and a copy of the latest Trustees' Annual Report and statement of accounts.
A Trustees Recruitment Policy and Trustee's Recruitment Pack have been produced, as well as a Trustees Welcome pack.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
CE018748 (England and Wales)
## **Registered Charity number**
1185192
## **Registered office**
Wesley Methodist Church 291 High Street West Bromwich B70 8ND
## **Trustees**
Mr D H Percival Mr A D J Cooksey Rev C J Holden Mrs B Still Mr G Quinn (appointed 30.4.25)
## **Company Secretary**
Mr A D J Cooksey
Page 3
**291 COMMUNITY ASSOCIATION CIO (REGISTERED NUMBER: CE018748)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Independent Examiner**
J W Hinks LLP Chartered Accountants 19 Highfield Road Edgbaston Birmingham West Midlands B15 3BH
Approved by order of the board of trustees on 6 October 2025 and signed on its behalf by:
Mr D H Percival - Trustee
Page 4
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF 291 COMMUNITY ASSOCIATION CIO**
## **Independent examiner's report to the trustees of 291 Community Association CIO ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; 2. orthe accounts do not accord with those records; or
3. the accounts 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 examination;
4. orthe accounts have not been prepared in accordance with the 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 (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
James Cruse, FCA, FCCA
J W Hinks LLP Chartered Accountants 19 Highfield Road Edgbaston Birmingham West Midlands B15 3BH
6 October 2025
Page 5
**291 COMMUNITY ASSOCIATION CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024**
|Unrestricted
Restricted
funds
funds
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**15,998**
**61,874**
**EXPENDITURE ON**
**Charitable activities**
Provision of activities and workshops
**-**
**42,650**
Other
**504**
**20,720**
**Total**
**504**
**63,370**
**NET INCOME/(EXPENDITURE)**
**15,494**
**(1,496)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**15,278**
**89,985**
**TOTAL FUNDS CARRIED FORWARD**
**30,772**
**88,489**|**2024**
**Total**
**funds**
**£**
**77,872**
**42,650**
**21,224**
**63,874**
**13,998**
**105,263**
**119,261**|2023
Total
funds
£
72,154|
|---|---|---|
|||37,213
20,794|
|||58,007|
|||14,147
91,116|
|||105,263|
The notes form part of these financial statements
Page 6
**291 COMMUNITY ASSOCIATION CIO (REGISTERED NUMBER: CE018748)**
## **BALANCE SHEET 31 DECEMBER 2024**
|Unrestricted
Restricted
funds
funds
Notes
£
£
**FIXED ASSETS**
Tangible assets
5
**4,409**
**26,313**
**CURRENT ASSETS**
Debtors
6
**3,000**
**-**
Cash at bank and in hand
**27,354**
**62,176**
**30,354**
**62,176**
**CREDITORS**
Amounts falling due within one year
7
**(3,991)**
**-**
**NET CURRENT ASSETS**
**26,363**
**62,176**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**30,772**
**88,489**
**NET ASSETS**
**30,772**
**88,489**
**FUNDS**
8
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**2024**
**Total**
**funds**
**£**
**30,722**
**3,000**
**89,530**
**92,530**
**(3,991)**
**88,539**
**119,261**
**119,261**
**30,772**
**88,489**
**119,261**|2023
Total
funds
£
33,225
-
76,287
76,287
(4,249)
72,038
105,263
105,263
15,278
89,985
105,263|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 7
**291 COMMUNITY ASSOCIATION CIO (REGISTERED NUMBER: CE018748)**
**BALANCE SHEET - continued 31 DECEMBER 2024**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 6 October 2025 and were signed on its behalf by:
Mr D H Percival - Trustee
Mr A D J Cooksey - Trustee
The notes form part of these financial statements
Page 8
**291 COMMUNITY ASSOCIATION CIO**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1. ACCOUNTING POLICIES**
## **BASIS OF PREPARING THE FINANCIAL STATEMENTS**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **INCOME**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **EXPENDITURE**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **TANGIBLE FIXED ASSETS**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
## **TAXATION**
The charity is exempt from corporation tax on its charitable activities.
## **FUND ACCOUNTING**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 9
**291 COMMUNITY ASSOCIATION CIO**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **2. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
|Net income/(expenditure) is stated after charging/(crediting):|||
|---|---|---|
||**2024**|2023|
||**£**|£|
|Depreciation - owned assets|**4,998**|4,814|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
## **TRUSTEES' EXPENSES**
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
## **4. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Administration
No employees received emoluments in excess of £60,000.
**TANGIBLE FIXED ASSETS**
**COST**
At 1 January 2024
Additions
At 31 December 2024
**DEPRECIATION**
At 1 January 2024
Charge for year
At 31 December 2024
**NET BOOK VALUE**
At 31 December 2024
At 31 December 2023|**2024**
**1**
|2023
-
Fixtures
and
fittings
£
**48,514**
**2,495**|
|---|---|---|
|||**51,009**|
|||**15,289**
**4,998**|
|||**20,287**|
|||**30,722**|
|||33,225|
## **5. TANGIBLE FIXED ASSETS**
continued...
Page 10
**291 COMMUNITY ASSOCIATION CIO**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
|**6.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Accrued expenses
**8.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
Allchurches Trust
The Veolia Environmental Trust
The Mercian Trust
The Rank Foundation
Wesley Methodist Church
Edward & Dorothy Cadbury Trust
The Michael Marsh Charitable Trust
The Grimmit Trust
Leeds Building Society Charitable Foundation
National Lottery Community
The Beatrice Laing Trust
CIL Sandwell MBC
**TOTAL FUNDS**|**2024**
2023
**£**
£
**3,000**
-
**2024**
2023
**£**
£
**937**
1,095
**3,054**
3,154
**3,991**
4,249
Net
movement
At
At 1.1.24
in funds
31.12.24
£
£
£
**15,278**
**15,494**
**30,772**
**1,701**
**(250)**
**1,451**
**21,707**
**(3,185)**
**18,522**
**680**
**(100)**
**580**
**680**
**(100)**
**580**
**7,389**
**(7,134)**
**255**
**680**
**(100)**
**580**
**1,021**
**(150)**
**871**
**680**
**(100)**
**580**
**680**
**(100)**
**580**
**52,088**
**10,088**
**62,176**
**1,361**
**(200)**
**1,161**
**1,318**
**(165)**
**1,153**
**89,985**
**(1,496)**
**88,489**
**105,263**
**13,998**
**119,261**|**2024**
2023
**£**
£
**3,000**
-
**2024**
2023
**£**
£
**937**
1,095
**3,054**
3,154
**3,991**
4,249
Net
movement
At
At 1.1.24
in funds
31.12.24
£
£
£
**15,278**
**15,494**
**30,772**
**1,701**
**(250)**
**1,451**
**21,707**
**(3,185)**
**18,522**
**680**
**(100)**
**580**
**680**
**(100)**
**580**
**7,389**
**(7,134)**
**255**
**680**
**(100)**
**580**
**1,021**
**(150)**
**871**
**680**
**(100)**
**580**
**680**
**(100)**
**580**
**52,088**
**10,088**
**62,176**
**1,361**
**(200)**
**1,161**
**1,318**
**(165)**
**1,153**
**89,985**
**(1,496)**
**88,489**
**105,263**
**13,998**
**119,261**|
|---|---|---|
|||**88,489**|
|||**119,261**|
continued...
Page 11
**291 COMMUNITY ASSOCIATION CIO**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **8. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|Net movement in funds, included in the above are as follows:||||
|---|---|---|---|
||Incoming|Resources|Movement|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|**15,998**|**(504)**|**15,494**|
|**Restricted funds**||||
|Allchurches Trust|**-**|**(250)**|**(250)**|
|The Veolia Environmental Trust|**-**|**(3,185)**|**(3,185)**|
|The Mercian Trust|**-**|**(100)**|**(100)**|
|The Rank Foundation|**-**|**(100)**|**(100)**|
|Wesley Methodist Church|**-**|**(7,134)**|**(7,134)**|
|Edward & Dorothy Cadbury Trust|**-**|**(100)**|**(100)**|
|The Michael Marsh Charitable Trust|**2,000**|**(2,150)**|**(150)**|
|The Grimmit Trust|**-**|**(100)**|**(100)**|
|Leeds Building Society Charitable Foundation|**-**|**(100)**|**(100)**|
|National Lottery Community|**49,874**|**(39,786)**|**10,088**|
|The Beatrice Laing Trust|**-**|**(200)**|**(200)**|
|CIL Sandwell MBC|**-**|**(165)**|**(165)**|
|The Eveson Charitable Trust|**10,000**|**(10,000)**|**-**|
||**61,874**|**(63,370)**|**(1,496)**|
|**TOTAL FUNDS**|**77,872**|**(63,874)**|**13,998**|
continued...
Page 12
**291 COMMUNITY ASSOCIATION CIO**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **8. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.1.23|in funds|31.12.23|
||£|£|£|
|**Unrestricted funds**||||
|General fund|5,488|9,790|15,278|
|**Restricted funds**||||
|Allchurches Trust|1,949|(248)|1,701|
|The Veolia Environmental Trust|24,866|(3,159)|21,707|
|The Mercian Trust|780|(100)|680|
|The Rank Foundation|780|(100)|680|
|Wesley Methodist Church|7,433|(44)|7,389|
|Edward & Dorothy Cadbury Trust|780|(100)|680|
|The Michael Marsh Charitable Trust|1,169|(148)|1,021|
|The Grimmit Trust|780|(100)|680|
|Leeds Building Society Charitable Foundation|780|(100)|680|
|National Lottery Community|43,271|8,817|52,088|
|The Beatrice Laing Trust|1,559|(198)|1,361|
|CIL Sandwell MBC|1,481|(163)|1,318|
||85,628|4,357|89,985|
|**TOTAL FUNDS**|91,116|14,147|105,263|
continued...
Page 13
**291 COMMUNITY ASSOCIATION CIO**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **8. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|10,145|(355)|9,790|
|**Restricted funds**||||
|Allchurches Trust|-|(248)|(248)|
|The Veolia Environmental Trust|-|(3,159)|(3,159)|
|The Mercian Trust|-|(100)|(100)|
|The Rank Foundation|-|(100)|(100)|
|Wesley Methodist Church|-|(44)|(44)|
|Edward & Dorothy Cadbury Trust|1,000|(1,100)|(100)|
|The Michael Marsh Charitable Trust|-|(148)|(148)|
|The Grimmit Trust|-|(100)|(100)|
|Leeds Building Society Charitable Foundation|-|(100)|(100)|
|National Lottery Community|55,509|(46,692)|8,817|
|The Beatrice Laing Trust|-|(198)|(198)|
|CIL Sandwell MBC|-|(163)|(163)|
|Sandwell Council of Voluntary Organisations|500|(500)|-|
|The W E Dunn Trust|1,000|(1,000)|-|
|The Albert Hunt Trust|2,000|(2,000)|-|
|Heart of England Community Foundation|2,000|(2,000)|-|
||62,009|(57,652)|4,357|
|**TOTAL FUNDS**|72,154|(58,007)|14,147|
continued...
Page 14
**291 COMMUNITY ASSOCIATION CIO**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **8. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Allchurches Trust
The Veolia Environmental Trust
The Mercian Trust
The Rank Foundation
Wesley Methodist Church
Edward & Dorothy Cadbury Trust
The Michael Marsh Charitable Trust
The Grimmit Trust
Leeds Building Society Charitable Foundation
National Lottery Community
The Beatrice Laing Trust
CIL Sandwell MBC
**TOTAL FUNDS**|Net
movement
At
At 1.1.23
in funds
31.12.24
£
£
£
5,488
25,284
30,772
1,949
(498)
1,451
24,866
(6,344)
18,522
780
(200)
580
780
(200)
580
7,433
(7,178)
255
780
(200)
580
1,169
(298)
871
780
(200)
580
780
(200)
580
43,271
18,905
62,176
1,559
(398)
1,161
1,481
(328)
1,153
85,628
2,861
88,489
91,116
28,145
119,261|Net
movement
At
At 1.1.23
in funds
31.12.24
£
£
£
5,488
25,284
30,772
1,949
(498)
1,451
24,866
(6,344)
18,522
780
(200)
580
780
(200)
580
7,433
(7,178)
255
780
(200)
580
1,169
(298)
871
780
(200)
580
780
(200)
580
43,271
18,905
62,176
1,559
(398)
1,161
1,481
(328)
1,153
85,628
2,861
88,489
91,116
28,145
119,261|
|---|---|---|
|||88,489|
|||119,261|
Page 15
continued...
**291 COMMUNITY ASSOCIATION CIO**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **8. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|26,143|(859)|25,284|
|**Restricted funds**||||
|Allchurches Trust|-|(498)|(498)|
|The Veolia Environmental Trust|-|(6,344)|(6,344)|
|The Mercian Trust|-|(200)|(200)|
|The Rank Foundation|-|(200)|(200)|
|Wesley Methodist Church|-|(7,178)|(7,178)|
|Edward & Dorothy Cadbury Trust|1,000|(1,200)|(200)|
|The Michael Marsh Charitable Trust|2,000|(2,298)|(298)|
|The Grimmit Trust|-|(200)|(200)|
|Leeds Building Society Charitable Foundation|-|(200)|(200)|
|National Lottery Community|105,383|(86,478)|18,905|
|The Beatrice Laing Trust|-|(398)|(398)|
|CIL Sandwell MBC|-|(328)|(328)|
|Sandwell Council of Voluntary Organisations|500|(500)|-|
|The W E Dunn Trust|1,000|(1,000)|-|
|The Albert Hunt Trust|2,000|(2,000)|-|
|Heart of England Community Foundation|2,000|(2,000)|-|
|The Eveson Charitable Trust|10,000|(10,000)|-|
||123,883|(121,022)|2,861|
|**TOTAL FUNDS**|150,026|(121,881)|28,145|
## **Restricted - Allchurches Trust**
This fund represents funding received by the charity towards the purchase of fixtures and fittings which has been included within tangible fixed assets.
## **Restricted - The Veolia Environmental Trust**
This fund represents funding received by the charity towards the purchase of fixtures and fittings which has been included within tangible fixed assets.
## **Restricted - The Mercian Trust**
This fund represents funding received by the charity towards the purchase of fixtures and fittings which has been included within tangible fixed assets.
## **Restricted - The Rank Foundation**
This fund represents funding received by the charity towards the purchase of fixtures and fittings which has been included within tangible fixed assets.
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**291 COMMUNITY ASSOCIATION CIO**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **8. MOVEMENT IN FUNDS - continued**
## **Restricted - Wesley Methodist Church**
This fund represents funding received by the charity towards the purchase of fixtures and fittings which has been included within tangible fixed assets.
## **Restricted - Edward & Dorothy Cadbury Trust**
This fund represents funding received by the charity towards the purchase of fixtures and fittings which has been included within tangible fixed assets. In 2023 further funding was received towards the cost of employing an assistant for the 291 Hub which has been included as a revenue grant in the Statement of Financial Activities.
## **Restricted - The Michael Marsh Charitable Trust**
This fund represents funding received by the charity towards the cost of salaries, activities/workshops and rental expenditure which has been included as a revenue grant in the Statement of Financial Activities.
## **Restricted - CIL Grant Sandwell MBC**
This fund represents funding received by the charity towards the purchase of fixtures and fittings which has been included within tangible fixed assets.
## **Restricted - Leeds Building Society Charitable Foundation**
This fund represents funding received by the charity towards the purchase of fixtures and fittings which has been included within tangible fixed assets.
## **Restricted - National Lottery Community**
This fund represents funding received by the charity towards the cost of salaries, activities/workshops and rental expenditure which has been included as a revenue grant in the Statement of Financial Activities.
## **Restricted - The Beatrice Laing Trust**
This fund represents funding received by the charity towards the purchase of fixtures and fittings which has been included within tangible fixed assets.
## **Restricted - Sandwell Council of Voluntary Organisations**
This fund represents funding received by the charity towards the cost of salaries, activities/workshops and rental expenditure which has been included as a revenue grant in the Statement of Financial Activities.
## **Restricted - The Albert Hunt Trust**
This fund represents funding received by the charity towards the cost of salaries, activities/workshops and rental expenditure which has been included as a revenue grant in the Statement of Financial Activities.
## **Restricted - Heart of England Community Foundation**
This fund represents funding received by the charity towards the cost of salaries, activities/workshops and rental expenditure which has been included as a revenue grant in the Statement of Financial Activities.
## **Restricted - The Eveson Charitable Trust**
This fund represents funding received by the charity towards the cost of salaries, activities/workshops and rental expenditure which has been included as a revenue grant in the Statement of Financial Activities.
continued...
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**291 COMMUNITY ASSOCIATION CIO**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **9. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2024.
## **10. ULTIMATE CONTROLLING PARTY**
The charity is under the control of the trustees.
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