REGISTERED COMPANY NUMBER: 02569614 (England and Wales) REGISTERED CHARITY NUMBER: 1005075 Re ort of the Trustees and Financial Statements for the Year Ended 31 March 2024 for Communi Actlon Redbrid Nordens statutory Auditors The Retreat 406 Roding Lane South Woodford Green E55ex IG8 8EY
Communit Action Redbrid Contents of the Flnanclal Statements for the Year Ended 31 March 2024 Page Report of the Trustees Report of the Independent Audltors 7 to 10 Statement of Flnan¢ial Activities li Balance Sheet 12 Cash Flow Statement 13 Notes to the Cash Flow Statement 14 Notes to the Financial Statements 15 to 25 Detalled Statement of Flnancial Actlvltles 26 to 27
Communlt Actlon Redbrid Re ort of the Trustees orthe Year Ended 31 March 2024 The trustees present their annual report together wlth the audited financial statements of the Company for the l April 2023 to 31 March 2024. The annual report serves the purp05e5 of both a Trustees, Report and a Directors, Report under company law. The trustees conflrm that the annual report and financlal statements of the charitable Company comply with the current statutory requirements, the requirements of the charltable company's governing document and the provisions of the Statement of Recommended Practice ISORPI applicable to charitles preparing their accounts In accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland IFRS1021 leffectlve l January 20191, Since the Company qualifies as Small under section 382 of the Companies Act 2006. the strategic report required of medlum and large companles under the Companles Act 2006 (Strategic Report and Dlrectors, Report) Regulatlon5 2013 has been omltted. OBJECTIVES AND ACTIVITIES Purpose and alms The charltable objects of Communlty Action Redbridge are.. To promote any charitable purposes for the benefit of the public, principally but not exclusively in the local government area of the London Borough of Redbrldge and Its environs and, In particular, build the capaclty of third sector organisations and provide them wlth the necessary support, informatlon and service5 to enable them to pursue or contrlbute to any charitable purpose. b. To promote, organise and facilitate co?operation and partnership working between thlrd sector, Statutory and other relevant bodies in the achlevement of the above purposes within the area of benefit. Communlty Actlon Redbridge adopted Its current strategy In 2023. The strategy sets provides a framework for the Charity's work and sets out Its priorities for 2023 -2029.. Harnesslng the power and potentlal of people and commvnltles. - Connecting, strengthening and championing the voluntary, communlty and soclal enterprlse Sector. Influencing meanlngful change and transformatlon in systems, policles and practice, Prlnclpal actlvltle5 The prlnciple actlvities of the Charlty durlng the year Included: Building the capaclty of voluntary, Community and social enterprlse IVCSEI organlsatlons through training and l..1 support. Supporting VCSE organlsatlons to raise funds to support their work and deepen their impact. Raising the proflle of volunteering and providing a volunteer matching Service placlng local residents wlth volunteer-involving organisatlons. Working with members to co-design a VCSE Partnership Strategy for Improving health and wellbelng and reduclng health Inequalltles in Redbridge, Engaging residents to understand their needs, experiences, and aspirations. Leading efforts to establish a Place-based Giving Scheme in Redbrldge. Dellvering a social prescribing project, connectSng resldents with a range of community-based a¢tlvltles, services, and support. Managing a community chest fund providing grant funding for local VCSE organisations 5UPPOrtlng people referred through soclal prescrlblng. Deliverlng a community exer¢lse project, working with our member5 and informal groups of family and frlends to provlde free fitness actlvltles In the communlty. Hosting a range of partnership boards and network5. Includlng the Publlc and Voluntary Sectors, Partnershlp and Redbrldge Safer Neighbourhood Board. Hosting a range of VCSE and communlty events. Sharlng data and insight from our work with our partners to inform and shape local policy and practlce.
Communl Action Redbrld Re ort of the Trustees for the Year E ded 31 March 2024 STRATEGIC REPORT Achlevement and performance Revlew of activlties The trustees conflrm that they have complied with the duty in Sectlon 4 of the Charltles Act 2006 to have due regards to the Charity Commlsslon's general guldance on public benefit and that the actlvities carried out by the charity during the year were all undertaken In order to further the charities alms for the benefit of the Charity's benefl¢laries. The key actlvities and achlevements of the charlty durlng the year Included:_ Supportlng a thrlvlng VCSE sertor Over the past 12 months, we developed a new brand identity and launched the Community Action Redbridge Website at our AGM In February 2024. Thls webslte enhances our engagement wlth and representatlon of the Redbridge sector and advocates on local. regional, and national levels. Designed for dlverse audiences, the slte features clear, accessible Information and includes a new member area lin development) for resources, toolkits, and guldelines. A new Member Directory facilitates better communicatlon of the sector's value and impact, supporting information sharing and collaboration. We made significant improvements to our internal systems, Including restructurlng SharePoint and updating AideCRM and Volunteer Plus to enhance data management and ensure GDPR compliance. Our E-newsletter and sotlal media channels continued to keep around 1,000 reclpients informed each week about local voluntary sector events and news. This year, we supported 39 group5 Wlth fundralsln& Submitted 47 bid5, and secured 29 successful ones. totalling £672.808. We helped 92 voluntary groups and 12 indivlduals strengthen the VCSE sector in Redbrldge. We also managed the Redbrldge Community Chest pilot for social prescribing, fundlng 16 organisatlons, many of whlch had not prevlously participated In Social prescribing. This inltlative fostered better collaboration and understanding of social prescribing In our area. During the 2023-2024 academSc year, we offered 41 tralnlng courses wlth 288 attendance5 from 168 unlque learners. We received the Matrix Quality Standard in October 2023, which acknowledged our Intlusive, person-centred approach and the positive Impact of our tralnlng. At the Volunteer Centre Redbridge, we reglstered 1,142 indlvlduals. referred 1,253 to opportunltles, and placed 189 volunteers. We promoted 153 opportunities and provided development support to 169 organlsations. Our Volunteering Fair In June 2023 attracted about 300 attendee5, promoted volunteerism, and fa¢llitated networking among 42 participating organlsations. Partnerships, voice, and Influence Community Actlon Redbridge has played a pivotal role in building and supporting partnerships across Redbridge, Involving local communltles. voluntary sector organisations, and broader partners In health and care. Our focus durlng thls perlod has been on enhancing partnershlp foundations, promotlng equitable representation, and empowering local voices in health and wellbeing declsions. In early 2023, we completed the Redbrldge VCSE Leadership Report and developed a VCSE Leadership Concept Case, which led to a successful bld for the Redbridge Place Based Partnership Health Inequalltle5 Fund in July. This funding 5UPPOrted the creatlon of a new development area called Partnerships, Volce, and Influence, enhancing our capacity to foster effective partnershlps. We continued to support partnershlp development and cross-sector collaboratlon, actively partlclpatlng In the Colours of Redbrldge consortium and other local initiatlves. We also led efforts to establlsh a Place Based Glvlng scheme In Redbridge and submitted a funding application to the Clty Bridge Foundatlon. Community Actlon Redbridge remalns an active voting member of the Redbrldge Place Based Partnershlp, attending monthly meetlngs and partlclpatlng in lunch and learn sessions. We are also involved In the Start Well, Llve Well, Age Well Steering groups, the RedbridEe Health and Wellbelng Board, and admlnlster the Safer Nelghbourhood Board.
Communit Actlon Redbrid Re ort of the Trustees for the Yea Ended 31 Marc 2024 Communlty health and wellbelng The Healthy Communltles team comprlsed of four outreach workers and three community development pra¢tltloners. While the outreach team operated borough-wlde, the communlty development practltioners focused on the Roma communlty and the economically deprlved Loxford Ward, tailoring health discussion5 to community concerns. Embedded withln the communlty, the team met resldents at convenlent times and trusted locations. empowering them to volce their needs and explore ways to enhance health and wellbeing In Redbridge. From April 2023 to March 2024, the team conducted 327 engagement sessions totalllng 928 hours of outreach acr055 117 locations and hosted two One-stop-shop events. Thls enabled us to engage over 5,000 residents, ralsing awarenes5 on varlous health toplcs and gaining Inslghts into local prlorities. The most commonly dlscussed health topic was maintaining overall wellness, but our findings hlghlighted that the ongoing c05t of Ilvlng crisis has exacerbated barrlers to healthy living and heightened mental health concerns. Key communlty priorities included cost of living. houslng, crime and safety, health access, and food insecurlty. Communlty A¢tlon Redbridge Soclal Prescribing Project has continued to experience Increased demand for support. In 2023-24, the seNice helped 420 people Improve their health and wellbelng by connecting them with a range of community-based actlvities, services, and support, with 90% of our referrals coming directly from residents. Initlally established as an adult service. the project evolved to offer support for families where needed and appropriate. In 2023-24, we supported 32 families comprlsing 109 indSvlduals. This included 52 children under 18 year5 lincluding five bables aged O-12 months), 13 single-parent families with one or more children, and 14 familles where an adult is the primary carer for other younger or older adults in the household with complex care needs. Through our Fit for Fun Prolect, we worked wlth 45 local groups to dellver community fltness sesslons, reachlng record 806 partlcipants. We saw slgnlflcant health Improvements, with 98% of participants reporting better physical and mental health, and 88% contlnuing with regular physical actlvlty after the programme. Plan5 for future perlods In 2024125 Communlty Actlon Redbrldge plans to work In partnershlp wlth Its members to strengthen the VCSE sector's voice and Influence and develop a new settor leadership and representation structure. The charlty will also support community-led actlon, continue to lead a cross-sector partnershlp exploring the establishment of a place-based giving scheme in the borough, and launch a youth-led research partnership. Flnanclal revlew Prlncipal fundlng sources Our prlnclpal sources of fundlng are grants and servlce delivery contracts. There Is a continuous effort to maintaln and dlverslfy funding. Reserves policy Community Actlon Redbridge belleves that the Charlty should hold reserves because., l. It has no endowment funding and Is dependent on Income from grants and contracts from year to year whlch are Inevitably sublect to fluctuation. 2. It requlres protectlon agalnst, and the ablllty to contlnue operating despite catastrophic or lesser but damaglng events. 3. It requlres protection agalnst all potentlal Ilabilitie5. The trustees believe that the mlnimum level of reserves should be the equlvalent of three months operating costs Icalculated and revlewed annually) in addltlon to all known potential liabilltles.
Communit Action Redbrid Re ort of the Trustees forthe Year Ended 31 March 2024 STRATEGIC REPORT Flnancial revlew Golng concern After making appropriate enquiries, the trustees have a reasonable expectatlon that the Charity has adequate resources to continue In operational existence for the foreseeable future. For thi5 reason, they contlnue to adopt the going concern basls in preparing the financlal statements. Further details regardlng the adoptlon of the going Concern basls can be found In the accountlng policles. STRucfuRE, GOVERNANCE AND MANAGEMENT Governlng document The charity Is controlled by Its governing document, a deed of trust, and constltute5 a Ilmlted company, Ilmlted by guarantee, as defined by the Companles Act 2006. Charlty constltutlon Communlty Action Redbrldge is reglstered as a charltable company limited by guarantee and was set up by a Trust deed. The Charlty wa5 incorporated a5 a company limited by guarantee on 19 December 1990, and registered as a charity on 23 October 1991. Community Actlon Redbrid£e Is governed by its Articles of Association dated 8 February 2022, and last amended on 27 February 2024. Recrultment and appolntrnent of new trustees Communlty Action Redbrldge is governed by a Board Comprising up to 12 trustee5. Ten trustees must be elected by Community Actlon Redbridge members in general meeting, and a further two can be co-opted by the Board. Sutce55ion plannlng and recrultment is Informed by regular ski115 audlts and EDI monltorlng. Vacancles are advert15ed via the charity's own communicatlon channels as well as a range of external recrultment platforms such as Getting on Board, Reach Volunteerlng, the Young Trustees Movement and Women on Boards. Shortllstlng and intervlews are carrled out by a nomlnatlons commlttee made up of existing trustee5. Nomlnatlon5 for electlon/co-option are approved by the Board. Trustees are appointed for a four-year term and can serve no more than two consecutive terms as a trustee. Organlsatlonal structure The Board of Trustees meets quarterly. In additlon, the Board is Served by two standlng sub-commlttees.. Finance, and People and Pay. The Board may also establish short-term working groups, chalred by a trustee. to undertake tasks delegated to them by the Board. The Chair of the Board has authority to act on behalf of the Board on urgent items. Day-to-day management of the charity Is delegated to the Chief Executlve Officer. The Communlty Action Redbrldge Scheme of Delegation provides a framework for decision-maklng and action. Inductlon and training of new trustees There is a structured Induction programme for new trustees covering the role, organisatlon and legal respon5ibilltles, as well as meetings and Introductions with other trustee5, employees and stakeholders where appropriate. Trustees are actively encouraged to attend regular tralnlng and development opportunities throughout thelr term to support thelr continuous development.
Communlt Action Redbrld Re ort of the Trustee5 for the Year Ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Key management remuneratlon The pay policy for leadership team members Is In line with the pay pollcy for all employees. Salary levels are Set based on an assessment of job descriptions and person speclficatlons taking into account the nature of the role, the required skllls and experience, pay eqLtality and affordablllty. New job roles are benchmarked internally as well as externallv against similar or equlvalent roles withln equlvalent-sized organlsatlons in the charity sector. Rlsk management The trustees have a duty to identlfy and review the rlsks to which the charlty Is exposed and to ensure appropriate controls are in place to provlde reasonable assurance against fraud and error. The trustees have assessed the malor risks to whlch the Company is exposed, In particular those related to the operatlons and finances of the Company, and are satisfied that systems and procedures are In place to mitigate exposure to major rlsks. REFERENCE AND ADMINISTRATIVE DEfAILS Registered Company number 02569614 {England and Wales) Registered Charlty number 1005075 Reglstered office 103 Cranbrook Road Ilford London IGI 4PU Trustees C Alexander J D Brindley Ms V M Cummlns (resigned 27.2.241 Ms A K Garrard Ms R A Howdle-Rowe Ms. L Perham Ms H Popat Ms S Rauprlch Ms C J Rowan Ire5igned 27.2.241 Ms M Sindha Dr K J Whlte Ireslgned 27.2.241 R M Lau (appointed 27.2.241 MS S M Malr (appointed 27.2.241 Ms M A Ofranc-sae lappolnted 27.2.24) Audltors Nordens Statutory Auditors The Retreat 406 Rodlng Lane South Woodford Green Essex IG8 8EY
Communit Actlon Redbrld Re ort of the Trustees for the Year Ended 31 Marc 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Community Action RedbrSdge for the purpose5 of company lawl are responsible for preparlng the Report of the Trustees and the financial statements In accordance wlth applicable law and Unlted Kingdom Accountlng Standards (United Klngdom Generally Accepted Accountlng Practice). Company law requires the trustees to prepare flnancial statements for each financlal year which glve a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, Including the Income and expendlture, of the charitable company for that perlod. In preparlng those financlal statements. the trustees are required to select suitable accountlng policies and then apply them consistentlv.. observe the methods and prlnclple5 in the Charity SORP; make judgements and estimates that are reasonable and prudent,. state whether applicable accounting standards have been followed, subject to any material departures dlsclosed and explained in the financial statements,. prepare the financlal statements on the golng concern basls unle55 it is inapproprlate to presume that the charitable company wlll contlnue Sn buslness. The trustees are responslble for keeping proper accounting records whl¢h disclose with reasonable accuracy at anv tlme the financlal position of the charltable company and to enable them to ensure that the flnancial statements comply with the Companles Act 2006. They are also responsible for safeguarding the assets of the charltable company and hence for taklng reasonable steps for the prevention and detection of fraud and other irregularitie5. In so far as the trustees are aware: there Is no relevant audlt Information of which the ¢haritable company's auditors are unaware; and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establlsh that the auditors are aware of that information. AUDITORS The audltors, Nordens, will be proposed for re-appolntment at the forthcoming Annual General Meeting. Report of the trustees, Incor dlrectors. on ora a strateglc report. approved by order of the board of trustee5, as the companv signed on the board'5 behalf by: Trustee
Re ort of the Inde endent Auditor5 to the Members of Communi Actlon Redbrid e Opinlon We have audited the flnancial statements of Community Actlon Redbridge Ithe 'charltable company'l for the year ended 31 March 2024 which comprise the Statement of Financial Actlvltles, the Balance Sheet, the Cash Flow Statement and notes to the flnancial statements. Including a summary of slgnificant accountlng policies. The flnancial reportlng framework that has been applied In their preparatlon Is applicable law and United Kingdom Accounting standard5 Iunlted Kingdom Generally Accepted AccountlnE Practice). In our opinion the financial statements: give a true and fair view of the state of the ¢harltable company's affalrs as at 31 March 2024 and of its Incoming resources and appllcatlon of resources, Including its income and expenditure. for the year then ended; have been properly prepared In accordance with Unlted Klngdom Generally Accepted Accountlng Practlce; and have been prepared In accordance with the requirements of the Companies Act 2006. Basis for oplnlon We conducted our audlt In accordance wlth International Standards on Auditing IUKI {ISAs IUKII and appllcable law. Our responsibllitles under those standards are further described in the Audltors, responsibilitles for the audit of the financial statements se¢tlon of our report. We are Independent of the charitable company in accordance wlth the ethlcal requirements that are relevant to our audit of the financlal statements In the UK, Includlng the FRC'S Ethl¢al standard, and we have fulfllled our other ethical responsibilities in accordance with these requirement5. We belleve that the audit evidence we have obtained is sufflcient and approprlate to provide a basls for our opinion. Concluslons relatlng to golng concern In audlting the flnanclal statements, we have concluded that the trustees, use of the golng concern basls of accountlng in the preparation of the financlal statements is appropriate. Based on the work we have performed, we have not Identified any materlal uncertaintles relating to events or condltlons that, individually or collectively. may cast slgnificant doubt on the charitable company's abillty to continue as a going concern for a period of at least twelve months from when the financial statements are authorlsed for issue. Our responsibilities and the respon5ibilitles of the trustees wlth respect to golng concern are descrlbed In the relevant section5 of thls report. Other Informatlon The trustees are responsible for the other informatlon. The other Information comprises the information included in the Annual Report, other than the financlal statements and our Report of the Independent Auditors thereon. Our oplnion on the financlal statements does not cover the other Information and, except to the extent otherwise explicitly stated In our report, we do not express any form of assurance concluslon thereon. In connectlon with our audlt of the finantlal statements, our responsibility Is to read the other Informatlon and, in doing so, conslder whether the other Informatlon Is materially inconsistent with the financlal statement5 or our knowledge obtained In the audit or otherwlse appears to be materially misstated. If we identlfy such material Inconsistencies or apparent materlal misstatements, we are required to determine whether thls gives rise to a materlal mlsstatement in the financial statements themselves. If, based on the work we have performed. we conclude that there is a material mlsstatement of thls other information, we are required to report that fart. We have nothing to report in thls regard. Oplnlons on other matters prescrlbed by the Companles Act 2006 In our oplnion, based on the work undertaken In the course of the audit: the information given in the Report of the Trustees for the financial year for which the flnancial statements are prepared is consistent wlth the financial statements,. and the Report of the Trustees has been prepared In accordance wlth appllcable legal requirements.
Re ort of the Inde endent Auditors to the Members of Communit Action Redbrld Matters on whlch we ale requlred to report by exceptlon In the light of the knowledge and understanding of the charltable company and its environment obtained in the Course of the audit, we have not Identified material misstatements In the Report of the Trustee5. We have nothing to report Sn respect of the following matters where the Companles Act 2006 requlres us to report to you if, In our opinion: adequate accountlng records have not been kept or returns adequate for our audit have not been received from branches not visited by us,. or the financlal statements are not In agreement wlth the accountlng records and returns; or certain disclosures of trustee5' remuneration specified by law are not made; or we have not received all the information and explanatlons we require for our audlt. Responslbilities of trustees As explalned more fully In the Statement of Trustees, Responsibllltles, the trustees {who are also the directors of the charitable company for the purposes of company law) are responslble for the preparation of the financlal statements and for being satlsfied that they glve a true and fair view, and for such internal control as the trustees determine Is necessary to enable the preparatlon of financial statements that are free from material misstatement, whether due to fraud or error, In preparing the financial statements, the trustees are responsible for assesslng the charitable company's ablllty to contlnue as a going concern, dlsclosing, as appllcable, matters related to going concern and using the going concern basis of accountlng unless the trustees either Intend to Ilquldate the charltable company or to cease operatlon5, or have no realistic alternative but to do so.
ort of the Inde endent Auditors to the Members of Communit Action Redbrid Our responslbllltles for the audlt of the flnanclal statements Our objectives are to obtain reasonable assurance about whether the flnanclal statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our oplnlon. Reasonable assurance is a hlgh level of assurance, but is not a guarantee that an audit conducted In accordance with ISAS IUKI will always detect a materlal mlsstatement when It exists. Mlsstatements can arlse from fraud or error and are considered material if, Indlvldually or in the aggregate, they could reasonably be expected to influence the economlc decisions of users taken on the basls of these financlal statements. Discu5s1ons were held wlth the dlrectors with a vlew to identlfylng those law5 and regulation5 that could be expected to have a material Impact on the flnanclal statements. Durlng the engagement team brieflng, the outcomes of these disCU5slons and enquiries were shared with the team, as well as consideration as to where and how fraud may o¢¢ur In the entity. The following laws and regulatlons were identifled as belng of signlflcance to the entlty: Those laws and regulations considered to have a direct effect on the flnancial Statements include UK flnancial reporting standards, Company Law, Tax and Pensions legislation, and dlstributable proflts legislation, It is considered that there are no laws and regulatlons for whlch non-compliance may be fundamental to the operating aspects of the buslness. Audit procedures undertaken In response to the potential risks relatlng to Irregularitles Iwhich include fraud and non-complSance with laws and regulatlonsl comprised of.. Inquiries of management and those charged wlth governance as to whether the entlty complies with such laws and regulations; enquiries wlth the same concerning any actual or potential litigatlon or claims,. inspectlon of relevant legal correspondence; review of board minutes,. testlng the appropriateness of entries in the nominal ledger, Including journal entries; reviewlng transactions around the end of the reportlng period,. and the performance of analytical procedures to identlfy unexpected movements in account balances which may be Indlcative of fraud. No instances of materlal non-compliance were identified. However, the likellhood of detectlng Irregularities, includlng fraud, Is limited by the inherent dlfflculty in detectlng Irregularities, the effectiveness of the entity's controls, and the nature. tlmlng and extent of the audit procedures performed. Irregularities that result from fraud mlght be inherently more dlfficult to detect than irregularitles that result from error. As explained above, there Is an unavoidable risk that material misstatements may not be detected, even though the audlt has been planned and performed In accordance with ISAS IUKI. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. Thls descriptlon forms part of our Report of the Independent Auditors.
ort ofthe Inde endent Audltors to the Members of Communi Action Redbrid Use of our report Thls report is made 501ely to the charitable company's members, as a body& in accordance with Chapter 3 of Part 16 of the Companles Art 2006. Our audit work has been undertaken so that we mlght state to the charitable company's members those matters we are required to state to them In an auditors, report and for no other purpose. To the fullest extent permltted by law, we do not accept or assume responslblllty to anyone other than the charltable company and the charltable company's members as a bodyi for our audit work, for thls report, or for the opinions we have formed. Lorralne Curtls (Senior Statutory Audltorl for and on behalf of Nordens Statutory Audltors The Retreat 406 Roding Lane South Woodford Green Essex IG8 8EY 16 October 2024
Communlt Actlon Redbrid Statement of Flnancial Actlvltles fort ear Ended 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestrlrted fund Restrlcted fund Notes INCOMEAND ENDOWMENTS FROM Charitable artlvltle5 Charltable Activites 6,999 830,528 837,527 1,159,783 Investment Income 12,462 12.462 4,023 Total 19,461 830,528 849,989 1,163,806 EXPENDITURE ON Charltable actlvitles Charitable Actlvltes 7,706 1,184,565 1.192,271 884,388 NET INCOME/{EXPENDITURE) Transfers between funds 11,755 1,431 {354,037) {1.431) 1342,2821 279,418 19 Net movement In funds 13,186 (355,468) (342,282) 279,418 RECONCILIATION OF FUNDS Total funds brought forward 552,592 504,454 1,057,046 777,628 TOTAL FUNDS CARRIED FORWARD 565,778 148,986 714,764 1,057,046
Communl Action Redbrid Balance Sheet 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestrlrted fund Restrlcted fund Notes FIXED ASSErs Tangible assets 15 1,017 1,017 1.280 CURRENT ASSETS Debtors Cash at bank and in hand 16 25,267 621,097 25,267 770,083 394.036 698,778 148,986 646,364 148,986 795,350 1,092,814 CREDITORS Amount5 falling due within one year 17 181,6031 181,603) 137,0481 NET CURRENT ASSETS 564,761 148,986 713,747 1,055,766 TOTAL ASSETS LESS CURRENT LIABILITIES 565,778 148,986 714,764 1,057,046 NET ASSErs 565,778 148,986 714,764 1,057,046 FUNDS Unrestrlcted funds Restricted funds 19 565,778 148,986 552,592 504,454 TOTAL FUNDS 714,764 1,057,046 The flnanclal statements were approved by the Board of Trustee5 and authorlsed for 155ue /f.f.<o.rrMF,*..7OtF . and were slgned on its behalf by: on Trustee
Communlt Actlon Redbrid Cash Flow Statement fortheyear Ended 31 March 2024 31.3.24 31.3.23 Notes Cash flows from operatlng actlvltles Cash generated from operations 58,843 1246,2501 Net cash provided by/lused Inl operating activitie5 58,843 1246,2501 Cash flows from flnanclng actlvltle5 Interest recelved 12A62 4,023 Net cash provlded by flnanclng activitle5 12,462 4,023 Change In cash and cash equlvalents In the reporting period Cash and cash equlvalents at the beglnnln8 of the reportlng perlod 71,305 1242,2271 698,778 941.005 Cash and cash equivalents at the end of the feportlng perlod 770,083 698,778 Thp nntp< frtrm nxrt nf thpfp finanrlal <txtpmpnt
Communit Action Redbrld Notes to the Cash Flow Statement for the Year Ended 31 March 2024 RECONCILIATION OF NET IEXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING AcfiviTIES 31.3.24 31.3.23 Net (expendlture)lincome for the reportlng perlod las per the ststement of Flnan¢lal Activitles) Adjustments for: Depreclatlon charges Interest income Decrease/lincreasel In debtors Increase/ldecreasel In creditors 1342,282) 279,418 263 (12,4621 368,769 44,555 263 14,0231 1364,3741 1157,5341 Net cash provlded by/lused In) operatlons 58,843 1246,2501 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash Ilow At 31.3.24 Net cash Cash at bank and In hand 698,778 71,305 770,083 698,778 71,305 770,083 Total 698,778 71,305 770,083 Thp nntpR fnrm nArt nf thtssp finanri31 RtAtpmpnt¢
Communit Action Redbrid Notes to the Finan¢lal Statements for the Year E ded 31 March 2024 ACCOUNTING POLICIES Basls of preparlng the flnan¢lal statement5 The financlal statements of the charltable company, whlch Is a public beneflt entity under FRS 102, have been prepared in accordance with the Charltles SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charltles preparing thelr accounts Sn accordance with the Financial Reportlng Standard appllcable in the UK and Republic of Ireland IFRS 1021 (effective l January 2019}', Financlal Reporting Standard 102 'The Flnanclal Reporting Standard applicable In the UK and Republic of Ireland, and the Companles Act 2006. The flnanclal statements have been prepared under the hlstorical cost convention. Income All Income Is recognlsed In the Statement of Financial Actlvlties once the charity has entltlement to the funds, It Is probable that the Income wlll be received and the amount can be measured rellably. Expendlture Liabilitie5 are recognised as expenditure as soon as there is a legal or constructlve obligation commlttlng the charlty to that expendlture, it is probable that a transfer of economic benefits will be requlred in settlement and the amount of the obligation can be measured reliably. Expendlture is accounted for on an accruals basi5 and has been classified under heading5 that aggregate all cost related to the Category. Where costs cannot be directly attributed to particular headlngs they have been allocated to actlvities on a basls consistent wlth the use of resources. Tanglble flxed assets and depreclatlon Tangible flxed assets costlng £500 or more are capitalised and recognised when future economlc benefits are probable and the cost or value of the asset can be measured reliably. Tanglble fixed assets are Initially recognlsed at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated Impairment losses. All costs incurred to bring a tangible fixed asset Into its intended working condltlon should be Included In the measurement of cost. Depreclation is charged so as to allocate the c05t of tangible fixed assets less their resldual value over thelr estlmated useful Ilves, using the straiEht-line method. Depreciation is provlded ors the following ba51s: Office equipment Computer equlpment 13% Stralght line 33% Straight Ilne Taxatlon The charlty Is exempt from corporation tax on Its charitable actlvltles. Fund accountlng General funds are unrestricted funds whlch are avallable for use at the discretion of the Trustees In furtherance of the general objectlves of the Company and which have not been deslgnated for other purposes. Designated funds comprise unrestrlcted funds that have been set aside by the Trustees for particular purposes. The alm and use of each designated fund Is set out irs the notes to the financlal statements, Restricted funds are funds whlch are to be used In accordance wlth specific restrlctlons imposed by donors or whlch have been ralsed by the Company for particular purposes. The costs of raislng and administering such funds are charged against the specific fund. The alm and use of each restricted fund Is set out in the notes to the financial statements. Investment Income, galns and losses are allocated to the approprlate fund.
Communit Action Redbrld Notes to the Financial Statements- contlnued for the ear Ended 31 Marc 2024 ACCOUNTING POLICIES- contlnued Penslon costs and other post-retlrement beneflts The Company operates a defined contrlbution penslon scheme and the pension charge repre5ent5 the amounts payable by the Company to the fund in respect of the year. Company status The company Is a company limlted by guarantee. The members of the company are the Trustees named on page 8. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company, Debtors Trade and other debtors are recognlsed at the settlement amount after any trade dlscount offered. Prepayments are valued èt the amount prepald net of any trade dlscounts due. Cash at bank and In hand Cash at bank and In hand Includes cash and short-term hlghly liquid investments wlth a short maturlty of three months or less from the date of acquisition or opening of the deposlt or similar account. Llabllltles and provlslons Llabilitie5 are recognlsed when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit wlll be required In settlement, and the amount of the settlement can be estimated reliably. Llabilitle5 are recognlsed at the amount that the Company anticipates It wlll pay to settle the debt or the amount it ha5 received as advanced payments for the goods or seNices it must provlde. Provlslons are measured at the best estlmate of the amount5 required to settle the obligatlon. Where the effect of the tlme value of money Is material, the provlsion is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the rlsks specific to the liability. The unwlndlng of the discount Is recognised in the Statement of financlal activities as a flnance cost. Flnanclal Instruments The Company only has financial assets and financial Ilabllitie5 of a kind that qualify as bas1¢ ftnancial instruments. Basic financial Instruments are Inltially recognised at transaction value and subsequently measured at thelr settlement value wlth the exceptlon of bank loans whlch are subsequently measured at amortlsed c05t using the effective interest method. Interest recelvable Interest on funds held on deposit 15 included when receivable and the amount can be measured reliably by the Company; thls Is normally upon notlfication of the Interest paid or payable by the instltutlon with whom the funds are deposited.
Communi Actlon Redbrid Note5 to the Financlal Statements- continued forthe Year Ended 31 March 202 INVESTMENT INCOME 31.3.24 31.3.23 Interest Income 12,462 4,023 INCOME FROM CHARITABLE AcfiviTIES 31.3.24 31.3.23 Actlvlty Charitable Activltes Grant income 837,527 1,159.783 CHARITABLE AcfiviTIES COSTS Dlrect Costs (see note 51 Support costs (see note 61 Totals Charitable Activites 1,184,629 7.642 1,192,271 DIRECT COSTS OF CHARITABLE ACTIVITIES 31.3.24 31.3.23 Staff costs Rates and water Insurance Telephone Postage and statlonery Sundrles Meeting and conferences Other premlses costs Computer Cost Accommodatlon and venue hlre Tralnlng Staff welfare Health and Safety Information, publl¢atlon & subscrlptlon Travelling and volunteer expenses Consultancy Legal expenses Offlce equlpment exp Dellvery Of Contract Depreciation 830,973 1,603 2,979 21,316 4,427 3,168 1,087 4,023 31,297 61,766 7,830 34,920 3,111 10,640 715 63,302 3,037 1,117 97,055 263 640,833 3,708 2,841 17,710 4,857 3,431 1,817 4,975 20.299 52,308 10,213 29,043 13,386 955 17,661 31,041 263 1,184,629 855,341
Communlt Actlon Redbrld Notes to the Flnancial Statements- contlnued for the Year Ended 31 March 2024 SUPPORT COSTS Governance costs Management Totals Charitable Actlvite5 1,642 6,000 7,642 NET INCOME/{EXPENDITUREI Net Income/lexpenditurel is stated after Chargingllcreditlngl: 31.3.24 31.3.23 Depreciation- owned assets 263 263 AUDITORS, REMUNERATION 2024 2023 Fees payable to the Company's auditor for the audit of the company's annual accounts 6,000 9,110 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. io. STAFF COSTS 31.3.24 31.3.23 Wages and salaries Other pension costs 797,327 33,646 613,341 27,492 830,973 640,833 The average monthly number of employee5 during the year wa5 a5 follows: 31.3.24 40 31.3.23 48 Employees No employees received emoluments in excess of £60,000.
Communlt Actlon Redbrid Notes to the Flnancial Statements- Contlnued or the Year Ended 31 March 202 ii. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestrlcted fund Restrlcted fund Total funds INCOME AND ENDOWMENTS FROM Charltable actlvltles Charitable Activites 13,318 1,146,465 1,159,783 Investment Income 4,023 4,023 Total 17,341 1,146,465 1.163,806 EXPENDITURE ON Charltable activStles Charitable Actlvltes 391,471 492,917 884,388 NET INCOmEI{EXPENDUREj 1374.130 653,548 279,418 RECONCILIATION OF FUNDS Total funds brought forward 926,722 1149,0941 777,628 TOTAL FUNDS CARRIED FORWARD 552.592 504,454 1,057,046 12. CONTINGENT LIABILITIES As at 31st March 2024, the charlty Is in dispute over the dllapidation payment for the 3rd floor and 5th floor of Forest House. The estlmated financial effect Is £20,92712023'. £20.9271 for the 3rd floor and £19,975 12023: £19.9751 for the 5th floor. 13. PENSION COMMITMENTS The company operates a deflned contributlons pension scheme. The assets of the scheme are held separatelv from those of the company In an Independently admlnlstered fund. The pension cost charge represents contrlbutions payable by the company to the fund and amounted to £33,646 {2023:£27,4921, The balance outstanding at the balance sheet date was £4,37812023: £4,576). 14. MEMBERS, LIABILITY Each member of the charitable company undertakes to contribute to the assets of the company In the event of it being wound up while helshe is a member, or within one year after helshe ceases to be a member, such amount as may be requlred, not exceedlng £10 for the debts and Ilabllltles contracted before he/she ceases to be a member.
Communlt ActSon Redbrld Notes to the Flnancial Statements- contlnued forthe Year Ended 31 March 2024 15. TANGIBLE FIXED ASSETS Flxtures and tittlngs COST At l April 2023 and 31 March 2024 2,107 DEPRECIATION At l Aprll 2023 Charge for year 827 263 At 31 March 2024 1,090 NET BOOKVALUE At 31 March 2024 1,017 At 31 March 2023 1,280 16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors Other debtors Prepayments and accrued income 8,317 358.735 20,850 14,451 16,950 25,267 394,036 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade credltors Social security and other taxes Penslon Payable Accruals and deferred Income 43,152 14,701 4,378 19,372 7,823 12,988 4,578 11,659 81,603 37,048 18. LEASING AGREEMENTS Mlnlmum lease payments under non-cancellable operating leases fall due as follows.. 31.3.24 31.3.23 Wlthin one year 1,701
Communlt Actlon Redbrid Notes to the Flnanclal Statements- continued for the Year Ended 31 Marc 2024 19. MOVEMENT IN FUNDS Balance at I Aprll 2023 Transfers inlout Balance at 31 March 2024 Income Expendlture Unrestrlrted funds Designated Funds Internal transfer to Deslgnated Fund Unrestricted Funds 80,447 80,447 472,146 19,461 17,7061 1,431 485,331 Total Unrestrlcted Funds 552,593 19,461 {7,7061 1,431 565,778 Unrestrlcted Fund Vision Creative people and places 8.622 16,3761 2,246 Restrlrted funds London Borough of Redbridge- Publlc and Voluntary Se¢tor Partnership NHS Redbrldge CCG - Health Partnerships London Borough of Redbridge- Volunteer Centre Redbrldge London Borough of Redbridge- TB Awareness London Borough of Redbridge- Fit for Fun Redbridge Instltute of Adult Educatlon - Community Learnlng MOPAC- Safer Neighbourhood Board NEL VCSE Collaborative London Borough of Redbridge- Social Perscrlblng Posltlve East- HIV Awareness City Bridge Trust- Dlgltal Skills Project Greater London Authority- Young Londoners Fund London Borough of Redbrldge VCS Infrastructure London Borough of Redbridge- Healthy Eating Project London Borough of Redbridge- Covid Awarene55 North East London ICB Lead- Embedding the VCSE In NEL ICS North East London ICB- Healthy Communltles Programme North East London ICB- Communlty Chest for Social Prescribing London Borough of Redbridge- Wlnter vaccination 220 8,000 17,2861 934 58,595 158,6151 20 1,792 74,998 175,9651 825 33,482 35,000 141,6931 126,7901 20,261 80,990 187,4731 13,778 8,985 39,780 147,6971 1,068 9,328 20,230 5,000 {22,460) 15,0001 7,098 191 40,880 6.914 250,000 2,634 1236.2351 11,9761 54,645 17,5721 11,336 51,800 162.6611 475 724 17241 3,278 109,998 1111,1211 2,155 468 14681 23,804 123,8041 65 {651 332,808 1377,3391 58,166 13,635 8,518 18,3321 11861 1,586 1,586
Communit Actlon Redbrld Note5 to the Financial Statements- ¢ontlnued fort e Year Ended 31 March 2024 North East London IC8- VCSE Leadershlp 84.882 134,3421 50.540 504,458 830,528 (1,184,570) 11,431) 148,986 Total Funds 1,057,051 849,989 (1,192,276) 714,764 The speclfic purpose for whlch the fund5 are to be applled are as follows: Vlslon Redbrldge Culture and Lelsure - Creative Redbrldge Consortlum.. Funding to support the development of the Creative Redbridge Consortium. London Borough of Redbrldge - Publ1¢ and Voluntary Sectors, Partnershlp., Fundlng to provlde professlonal support to the Public and Voluntary Sectors, Partnership and its elected voluntary and community sector representatlves. London Borough of Redbrldge- Volunteer Centre Redbrldge.. Fundlng to develop and strengthen volunteerlng in Redbridge by supportlng potential volunteers, existing volunteers and organisations that involve volunteers. London Borough of Redbridge- TB Awareness.. Fundlng to promote communlty awareness of TB including prevention, signs and symptoms, screenlng and support. Clty Bridge Trust- Digltal Skllls ProJect.. Fundlng to provide support to the voluntary and community sector to develop their data and digital skills. Additlonal support funds for existing City Bridge Trust grantee5 to mitigate against Inflatlonary pressures. London Borough of Redbrldge - Fit for Fun.. Funding to support Increased physical activity levels and Improve health outcomes by working with voluntary and community groups and groups of local resldents to provide up to 20 weeks of free exerclse classes in the community Redbrldge Instltute of Adult Education - Communlty Learnlng: Funding to develop and dellver a training offer to support the personal and professional development of staff and volunteers from the voluntary and community sector. Mayorf5 Office for Policing and Crlme- Redbrldge Safer Neighbourhood Board,. Fundlng to provide professlonal support to Redbridge Safer Nelghbourhood Board, bringing police and communltles together to solve problems collaboratlvely and to ensure that the publlc are Involved in community safety declslon5. London Borough of Redbridge- Soclal Prescrlblng: Funding to deliver a social prescriblng service connectlng local people wlth activitie5. groups and services to Improve their health and wellbein8. London Borough of Redbridge- Covid Awareness: Funding to promote community awareness of Covid-19 including precautlons, slgns and symptoms, testing, support and vaccination5. London Borough of Redbrldge Healthy Eatlng Projett: Funding to enhance the Flt for Fun proJect by provlding nutritional advice alongside physical actlvlty sesslons, 5UPPOrting participants to make healthier eating choices to improve thelr health and wellbeing. Posltlve East - HIV Awareness.. Funding to promote communlty awarene55 of HIV Including symptoms, cause5, testing, treatment and support, and to reduce stlgma surrounding HIV. Greater London Authorlty- Youn8 Londoners Fund IYLFI Local Network: Funding to provide a network and support for Young Londoners Fund appllcants and grantee5 to develop proposals, collaborate. Share best practlce and develop thelr sustalnabillty.
Communit Action Redbrid Notes to the Flnanclal Statements- continued for the Year Ended 31 Marc 2024 19. MOVEMENT IN FUNDS- Contlnued ICS lead - Embeddlng the VCSE In North East London Integrated Care System: A programme funded vla NHS England to support the voluntary and community sector in North East London to develop a system-level VCSE alllance. VCS Infrastructure (London Borough of Redbridgel: Funding for the provision of infrastructure 5UPPOrt for the voluntary and community 5ertor, Including capaclty building and Income generatlon support. North East London ICB- Healthy Communltles Pro8ramme', Funding to improvethe health and wellbeing of local people and tackle health Inequalities in Redbridge through a health ¢reatlon approach. empowering people and communitles to take control of their health and wellbelng and act as co-producers of health. North East London IC8 Communlty Chest for Soclal Prescrlblng: Fundlng to provide programme management support for a communlty chest provldlng mlcro-grants to support soclal prescribing actlvlty In Redbrldge. London Borough of Redbrldge- Winter Vacclnatlon Programme: Fundlng for the management and delivery of communications. engagement and community outreach to Improve winter vacclnation uptake. London Borough of Redbridge - TB Awareness.. Fundlng to promote community awareness of TB Including preventlon, 51gns and symptoms, screening and support. A current year 12 months and prior year 12 months comblned position Is as follows., Balance at I Aprll 2022 Transfers Balance at 31 Inlout March 2023 Income Expendlture Unrestrl¢ted Funds Deslgnated Funds Internal transfer to Designated Fund Unrestrlcted Funds 80,447 80,447 444,275 17,341 110,530} 472,146 Total Unrestrlcted funds 524,722 17,341 {10,5301 552,593 Restrl¢ted funds Vlslon Redbridge Culture and Leisure- Creative Redbrldge Consortium London Borough of Redbrldge - Public and Voluntary Sectors, Partnership North East London ICB -Health Partnershlps London Borough of Redbridge- Volunteer Centre Redbridge Bullding Better Opportunltles- Renais1 'RISE" London Borough of Redbrldge- TB Awareness Clty Bridge Trust- Digitalskllls ProJect 9,982 19,982} 8,000 17,7801 220 58,595 167,0661 8,470 75,000 173,2081 1,792 3,871 13,8711 48,138 35,000 149,6561 33,482 4,749 50,800 144,2131 11,336
Communlt Action Redbrid Note5 to the Financial Statements- continued forthe Year Ended 31 arch 202 19. MOVEMENT IN FUNDS- ¢ontlnued London Borough of Redbridge- Fit for Fun Redbridge Institute of Adult Educatlon- Community Learning Mayorfs Offlce for Pollcing and Crlme- Redbrldge Safer Nelghbourhood Board London Borough of Redbridge- Soclal Prescribing London Borough of Redbridge - Covid Awareness London Borough of Redbridge- Healthy Eatlng Project London Borough of Redbrldge- Latent TB Posltive East- HIV Awarene55 Greater London Authority Young Londoners Fund IYLFI Local Network Young Advlsor5 Seed Funding (London Borough of Redbridge) The Together Project (National Lottery Community Fund, via Young Advisors Company Ltd) ICS lead- Embedding theVCSE in North East London Integrated Care System Core VCS Infrastructure {London Borough of Redbrldgel North East London ICB -Healthy CommunltlesProgramme North East London ICB -Communlty Chest for Social Prescriblng London Borough of Redbrldge- Wlnter Vaccinatlon Programme Natlonal Association forvoluntary and CommunltyAction - C05t of Living Fund Total restrlcted funds 18,169 80,990 178,8981 20,261 15,890 39.780 146,6851 8,985 8,733 20,230 119,6351 9,328 33,701 250,000 1242,8201 40,881 75,453 151,6491 23,804 9,159 {8.691) 468 8,470 {8.4701 13,730 31,613 138,4291 6.914 10,642 14,358 124,2761 724 73 1731 64 {641 65 2,000 65 11,9911 95,000 191,7221 3,278 352,488 {19,6801 332,808 12,000 13,482) 8,518 6,500 14,9141 1,586 10,000 1,146,465 iio,0001 (894,918) 252,906 504,453 Total of funds 777,628 1,163,806 (905,448) 1,057,046
Communit Action Redbrld Note5 to the Finan¢lal Statements- continued orthe Year E ded 31 March 2024 20. RELATED PARTY DISCLOSURES There were no related party transactlons for the year ended 31 March 2024.
Communlt Actlon Redbrid Detailed Statement of Financial Actlvltles the Year Ended 31 th 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Investment Income Interest Income 12,462 4,023 Charltable actlvltles Grant income 837,527 1,159,783 Total Incomln8 resources 849,989 1,163,806 EXPENDITURE Charitable actlvStles Wages Pensions Rate5 and water Insurance Telephone Postage and stationery Sundries Meetlng and conferences Other premlses costs Computer Cost Accommodatlon and venue hire Training Staff welfare Health and Safety Information, publication & subs¢rlptlon Travelling and volunteer expenses Consultancv Legal expenses Office equipment exp Dellvery Of Contract Fixtures and flttlngs 797,327 33.646 1,603 2,979 21,316 4,427 3,168 1,087 4,023 31,297 61,766 7,830 34,920 3,111 10,640 715 63,302 3,037 1,117 97,055 263 613,341 27,492 3.708 2,841 17,710 4,857 3,431 1,817 4,975 20,299 52,308 10,213 29,043 13,386 955 17,661 31,041 263 1,184,629 855,341 Support ¢osts Management Recruitment Costs Bank fees 775 867 17,894 692 1,642 18,586 Other Other premises costs 1,351 Th1* At)ts¢ nnt fnrm nart nf thp <txtiitnN finanrixl stAtpmpntr¢
Communl Actlon Redbrld Detailed Statement of Financlal Artlvitles for the Year Ended 31 March 2024 31.3.24 31.3.23 Other Governan¢e costs Auditor5, remuneration 6,000 9,110 Total resources expended 1,192,271 884,388 Net lexpendlture}/ln¢ome {342,2821 279,418 Thi< navp flnpf nnt fnrm nart nf thp statijtnrv finanrixl %t%tpmpntR