Hi Crock,
I think you'll find the engine number prefix is CY, not C1 but that is no matter. CY is the prefix for Villiers first serious 98cc engine. The original Midget. They made many 98cc variants thereafter for all sorts of usage but you have the grandpappy of them all. About the only tricky item is the unique piston. All the rest is more or less standard Villiers of the day and no great drama.
The VMCC Library is your friend as they have all the info you will want.
www.vmcc.net will get you to their site. I've already looked and they do have a 1932 Wolf catalogue. As with many bikes of the period there is no workshop manual. This is no problem as being a bike assembled from proprietary parts you just go to Villiers for engine info, Albion for the gearbox, Webb for the front forks and so on. This is pretty typical of most Villiers powered lightweights.
Your Albion gearbox sounds like the standard Albion two speeder C type. The internals are very simple and are broadly common to the whole range. Not so the shell which can be bottom mount, top mount and pivot mounted with various chain lines all of which can be frustrating. They all suffer the same problems but are easily fixable if you have any sort of trade background. I have an extensive series of photos on restoring these boxes. I can put them up here or send them to you privately, whatever you wish. Mostly it is a matter of fitting skill not expensive parts.
The forks appear to be standard Webb lightweights of the day and don't present any special problems and I suspect the wheels are the usual British Hub Company items found on the majority of British lightweights.
All in all you have an uncommon bike very representative of a particular period of history. It has no performance to speak of but you will always have people interested in it wherever you take it. It is also capable of any journey but only at pushbike speeds.
Cheers,