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2021-08-31-accounts

Community Links Trust Limited

Report and financial statements For the year ended 31 August 2021

Company number: 2661182 Charity number: 1018517

Classification : Official

Community Links Trust Limited

Community Links Trust Limited
Contents
Company no. 2661182
As at 31 August 2021
Reference and administrative details 1
Trustees’ annual report 2
Independent auditors' report 9
Statement of financial activities (incorporating an income and expenditure account) 13
Balance sheet 14
Statement of cash flows 15
Notes to the financial statements 16

Classification : Official

Community Links Trust Limited

Reference and administrative details

Company no. 2661182

As at 31 August 2021

Company number 2661182
Charity number 1018517
Registered office and operational address
105 Barking Road
London
E16 4HQ
Trustees The Trustees, who are also directors under company law, and who
served during the period and up to the date of this report, were as
follows:
Gillian Budd (resigned 31 January 2021)
Radhika Bynon (resigned 25 November 2020)
Chris Wright
Alan Lazarus - Chair (resigned 31 January 2021)
Javid Canteenwala - Treasurer (resigned 31 January 2021)
Pria Rai (resigned 31 January 2021)
Paul Williams (resigned 31 January 2021)
Elaine Bailey (resigned 31 January 2021)
Chibweka Kavindele (appointed 1 February 2021)
Nigel Richards (appointed 1 February 2021)
Company Secretary Nigel Richards
Principal Staff Chibweka Kavindele (Director) - to 31 January 2021
Bankers The Co-operative Bank
Barclays Bank
70-80 Cornhill
Level 27, I Churchill Place
London
London
EC3V 3RD
E14 5HP
Auditor Moore Kingston Smith LLP
Devonshire House
60 Goswell Road
London
EC1M 7AD

1

Classification : Official

Community Links Trust Limited Trustees' annual report

For the year ended 31 August 2021

The Trustees present their report and the audited financial statements for the year ended 31 August 2021.

Reference and administrative details set out on page 1 form part of this report. The financial statements comply with current statutory requirements, the Memorandum of Association and Articles of Association and the 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 (the FRS 102 Charities SORP).

Structure, governance and management

The organisation is a charitable company limited by guarantee, incorporated on 7 November 1991 and registered as a Charity on 12 March 1993. The company was established under a memorandum which set out the objects and powers of the charitable company and is governed under its Articles of Association. Catch22 Charity Limited is the sole member of Community Links and Chris Wright, Chief Executive of Catch22 is on the Board of Trustees of Community Links. The principal member of staff up to the date of transfer of assets to Catch22 Charity Limited was Chi Kavindele

Through becoming part of the Catch22 group, Community Links had access to a range of support services and a strategic framework to operate within. Community Links simultaneously remained close to its community roots, retained its charity registration, appointed its lead officer/s and set its own values and strategic direction. The principal objects of the charitable company (Community Links) as set out in its Memorandum of Association are to:

• Promote any charitable purpose for the benefit of the community;

• Provide such information, advice and assistance as is charitable, to groups and individuals for the public benefit;

• Promote, assist and co-ordinate voluntary activities for the benefit of the community (whether on the part of individuals or the organisation) in any part of England and Wales with particular reference to health, housing, safety, education, training, rehabilitation and recreation of the sections of community in need of assistance, and to provide care and facilities connected with any of those matters;

• Promote the efficient use of the resources provided voluntarily or by central or local government for the benefit of the community (or any section or section thereof) in connection with the said or similar matters; and

• Undertake or support research into the allocation and use of resources with a view to ensuring that the maximum benefit to the community is obtained therefrom.

On 1 February 2021, the trustees agreed that, in the best interests of the complementary charitable objects of Community Links Trust Limited and Catch22 Charity Limited and the integrated operations of the Catch22 group, for the public benefit, the charitable undertaking of Community Links Trust should be transferred, as a going concern, from Community Links Trust to Catch22 Charity Limited. All assets and trade of Community Links Trust were transferred to Catch22 Charity on this date and Community Links Trust Limited ceased to trade as a separate company from 1 February 2021.The merger will bring tangible benefits to both organisations and ultimately benefit the 60,000 service users we support each year, in Newham, across Greater London, and further afield through our policy work. We will recognise the benefits in three broad areas;

2

Classification : Official

Community Links Trust Limited Trustees' annual report

For the year ended 31 August 2021

Community Links’ brand (our name, logo etc) and history established over 40 years will continue, as will our commitment (through our mission) to the community and to sharing local lessons to influence wider policy. There will still be a ring-fenced Community Links team within Catch22 and we will also continue to fundraise for much needed funds to carry on our important work. Our activities will be overseen by an Advisory Committee tasked with safeguarding the legacy and future of Community Links. The Committee will also help ensure local knowledge, experience and expertise continues to drive what we do.

Board of Trustees

The Board is recruited in line with good practice within the Charities sector, currently via an application process or to maintain an appropriate balance, and by nomination by Catch22. Appointments to the Board are recommended by the Board of Trustees in the first instance and approved by the Catch22 Board. The Board endeavours to ensure that its membership covers the range and experience and skills that are required and that the backgrounds of the members of the Board reflect a balance that is appropriate to Community Links’ mission, activities and location. The Catch22 Board have the right to appoint Trustees to Community Links’ Board, and such Trustees are required to act in the best interests of the organisation.

The Board retained one standing Committee, the Resources Committee and a subsidiary Board for the Trading Company. The Resources Committee was chaired by Javid Canteenwala (Treasurer). The Trading Board may co-opt members.

Day-to-day management of the Charity is delegated to Director/s and other employees who operated within defined terms of reference and delegated authorities. The Director of the Charity, Chi Kavindele was in post until the date of transfer.

The Resources Committee recommend to the Board the salary of the Director / Accountable Officer and approve the overall salaries budget with regard to remuneration. This is based on benchmarking with similar organisations within the sector. The Resources Committee approves the cost-of-living increases for all staff, in line with the annual budget. The annual budget is also approved by the Community Links Board before being further approved by the Catch22 Board.

Performance is also reviewed by the Senior Management Team and shared with Managers.

The charity keeps a strategic risk register which is reviewed at the Resources Committee and by Trustees. Policies are reviewed and approved on a rolling basis, which ensures that key policies are reviewed no less frequently than every two years.

3

Classification : Official

Community Links Trust Limited Trustees' annual report

For the year ended 31 August 2021

Investments

Community Links had one wholly-owned subsidiary company, Community Links Trading Limited. The Charity owned one ordinary £1 share representing 100% of the share capital of the company. This subsidiary carries out trading activities in order to generate funds which were then gift-aided to Community Links Trust Limited. This was transferred to Catch22 Charity Limited at the date of transfer.

Community Links Trust held 5000 ordinary £1 shares in Allia Ltd, which were purchased on 3 September 2009. Allia Ltd is a community benefit society registered with the Financial Conduct Authority. The investment was made in order to access fundraising support provided by that company.

Community Links Trust held 21,300 class ‘A’ shares in Historypin Community Interest Company (formerly Shift Design Community Interest Company). These shares entitled the charity to appoint one Director to the Board of Directors of Historypin.

Achievements and performance in the delivery of public benefit

The Charities Act 2011 sets out twelve kinds of activity that are recognised as ‘charitable’ provided there is sufficient demonstrable public benefit deriving from them. All the Charity’s beneficiaries are individuals or communities that are socially and economically disadvantaged. The Charity conducts activities in the following areas identified in the act.

The Charity’s main activities, all of which were transferred to Catch22 charity on 1 February 2021 are described below:

•Programmes of work under key categories of Youth, Employability, Health and Community are undertaken to support the community. For example, to reduce health inequalities, build emotional resilience and reduce hunger.

•The Charity’s Policy work is driven by the policies of Early Action and Encouraging Agency and this results in a number of programmes in different social settings, including schools and community centres. Early action underpins much of Community Links’ work. Early action refers to any service or activity that prevents problems occurring or getting worse, tackling a problem’s causes rather than its consequences. It is not limited to prevention: it is also a positive approach that enables people to fulfil their potential at every life stage by building resourceful communities that collectively overcome challenges and ultimately flourish. Encouraging Agency is a way of operating that involves the communities we work with, builds capacity, increases understanding in the social systems and civic systems that affect lives in the neighbourhood and crucially promotes empowerment to engage and affect these, and advocates in line with the principle ‘Nothing about us, without us.’

4

Classification : Official

Community Links Trust Limited Trustees' annual report

For the year ended 31 August 2021

The Charity’s national research and policy work addresses the ‘service design’ need for better policies that prevent people being trapped in poverty and promote the case for early action in system change.

The Charity’s community work is for the advancement of citizenship or community development. Through two hubs (at Rokeby and Asta) and its head-quarters at 105 Barking Road, the Charity encourages participation in civic life and wider civil society.

The work is for the relief of those in need or suffering inequality because of age, ill-health, disability, financial hardship or other disadvantage, this manifests in practical support programmes.

The advancement of health or saving of lives is primarily delivered through a wide range of community-based health activities that encourage healthy lifestyles, alongside a focused prevention programme that encourages the take up of health screening services in the most ‘at risk’ communities.

The youth, employability and community programmes encourage the elimination of barriers to advancements via skills development, knowledge transfer, confidence building, raising of aspirations and cultural understanding.

Trading activities that are directly aimed at producing or enabling a clear social or public benefit are conducted by the Charity’s subsidiary company (Links Events Solutions.)

Overview of specific activities and achievements in 2020/21

The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning its future activities and confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission.

The Board were aware that pre-existing issues such as entrenched poverty and deprivation worsened during the Covid-19 crisis, throwing up a whole new set of challenges for our community, our partners, and our staff who work tirelessly to be there for people in their time of need. This was in the face of significant increased demand for our services – in some cases up to 400%. The Board were grateful of the tremendous support received from so many which meant that Community Links was able to ensure continued service delivery of essential programmes for our community, as well as the safety of our service users and staff alike throughout the pandemic and subsequent lockdowns.

The Board kept up its cadence of meeting regularly, given the heightened risk due to Covid 19. Ad hoc board meetings took place in September 2020, October 2020, November 2020 and January 2021.

During this period the Board kept the focus on delivery of the One Year Stablisation Plan which was instigated in July 2020, in lieu of a longer term strategy. This was due to the uncertainty and disruption caused by Covid 19. Strides were taken to progress all areas of the Plan, and in particular point 5: “make significant steps toward further integration with Catch22”. The case for full integration of Community Links was put to the Board of Trustees (noting that in 2017 Catch22 Charity Limited became the sole company member of Community Links Trust, with the responsibility to ensure that Community Links is a viable going concern).

5

Classification : Official

Community Links Trust Limited Trustees' annual report

For the year ended 31 August 2021

In November 2020, following independent legal advice, the Board confirmed that they were satisfied to proceed with the merger subject to three safeguards being put in place. These concerned; Catch22’s continued commitment to Newham, the establishment of the Advisory Board, and continued use of the Community Links brand. Accordingly, the Board resolved to approve the transfer agreement and authorised the Chair to execute and complete the transfer.

It was agreed that the majority of the Board would resign from 31st January 2021, following the transfer of assets and liabilities to Catch22 from 1st February 2021. Three board members continued to support the establishment of the advisory committee and one board member continued to provide technical support to the Building Project.

As well as specific governance issues the Board, during this time, also kept a close eye on programmatic output and the safety of staff given the risks posed by Covid-19.

Employees

The Charity is a London Living Wage Employer and has supported TELCO in their recent campaigning work. The Charity has a staff development plan with resources set aside for investment in the professional development of staff. This includes development goals set for each member of staff within the appraisal system. Learning and development opportunities that are offered through Catch22’s learning and development offer and external trainers in an annual programme. Mandatory training covers the following safeguarding, equality and diversity, health and safety and GDPR/ data protection.

The Charity is an equal opportunities employer and gives full and fair consideration of applications for employment made by disabled persons. Policies also include the training, development and promotion of disabled persons, and the ongoing employment and training of employees who become disabled whilst employed.

The Charity has a commitment and system to provide staff with the information they need and to consult them on decisions that affect their interests. This includes, team and organisation collective learning opportunities and away days, managers meetings, programme development meetings, senior management team meetings, monthly line management meetings, women’s meetings and group communication when required.

All staff were transferred to Catch22 on 1 February 2021.

Fundraising and Policies

We have continued to maintain relationships with a range of key stakeholders including local government, health commissioners, private companies, charitable trusts, foundations and individual donors. The Charity continues to prioritise these important partnerships, from a range of sectors, in a challenging fundraising climate, because without our many supporters we would not be able to continue our important work.

The Charity does not engage in direct marketing and fundraising with members of the public, however, if donations are made they are accepted.

The Charity is registered with the Fundraising Regulator and adheres to its code of fundraising practice.

The Charity’s privacy policy, published on the website, clearly states what personal data Community Links Trust will hold in relation to those we engage with and how this data will be used.

6

Classification : Official

Community Links Trust Limited Trustees' annual report

For the year ended 31 August 2021

The Charity’s process on how individuals can raise concerns or complaints is also included on the website.

The Charity received no complaints about its fundraising activities during the year. The Charity received one other complaint during the period which was satisfactorily resolved.

Financial Review, Income and Expenditure and Reserves

Total income for the period to date of transfer was £0.899m, compared with £2.364m for the year to 31 August 2020. Total expenditure for the period to date of transfer was £0.695m compared with £2.098m for the year to 31 August 2020. At the date of transfer, the charity transfered total funds of £3.641m to Catch22 Charity Limited leaving nil assets remaining.

Risk management

The Trustees have in place a robust risk management process. The process identifies the types of risk that the Charity faces, priorities them in terms of likelihood of occurrence and potential impact, identifies the means of managing these risks and monitors how the mitigations are managed. Development and review of risk management arrangements are the responsibility of the Resources Committee and are reviewed every six months. The strategic risk register is also presented to Trustees. All operational activity is risk mapped regularly and on a quarterly basis is presented in a Red, Amber, Green rating to the Resources Committee.

The key organisational risks and key mitigations are divided into categories, the main risks in each category are drawn to the attention of the Board and scored for impact and likelihood before and after mitigations are applied. The categories are as follows: External, Governance, Compliance, Facilities, Financial and Organisational.

The Board have paid particular attention to taking a forward view of strategy and to clarify and realise the potential of the strategic relationship with Catch22. There has been a strong focus on ensuring that the three hubs (Barking Road, Rokeby and Asta) are well used and that that all pressing maintenance issues have been met in line with health and safety requirements. There has been an emphasis on administrative systems to monitor risks to finances, contracting, support services and compliance. During the organisational review all staff were consulted to minimise impact on the operations of unplanned departures.

Plans for the future

Following the integration of the Charity’s operations into Catch 22 Charity Limited Community Links’ work will be continued as a distinct delivery hub within Catch22 and will benefit from Catch22’s wider reach and influence.

7

Classification : Official

Community Links Trust Limited

Trustees' annual report

For the year ended 31 August 2021

Statement of responsibilities of the Trustees

The Trustees (who are also Directors of Community Links, for the purposes of company law) are responsible for preparing the Report of the Trustees, including the Strategic Report and the Financial Statements, in accordance with applicable law and the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice.)

Company law requires the Trustees to prepare financial statements for each financial period, which give 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 expenditure for that period. In preparing these financial statements, the Trustees are required to:

• State whether applicable UK Accounting Standards and Statements of Recommended Practice have been followed, subject to any material departures disclosed and explained in the financial statements; and

• The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy, at any time, the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustees are aware:

•The Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the Charity guarantee to contribute an amount not exceeding £1 to the assets of the Charity in the event of winding up. The total number of such guarantees at 31 August 2021 was 1. Catch22 is the sole member of the Charity. The Trustees have no beneficial interest in the Charity.

Signature on behalf of the Board of Trustees on 24 May 2022

Chris Wright (Trustee)

8

Classification : Official

Independent Auditors' Report to the Members of Community Links Trust Limited

Opinion

We have audited the financial statements of Community Links Trust Limited (‘the company’) for the year ended 31 August 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs(UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the audit of financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of matter - basis of preparation

We draw attention to Note 1 C) to the financial statements which explains that on 1 February 2021 the charity transferred its trade and assets to its parent charity. As the charity ceased its operations, the trustees do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in Note 1 C). Our opinion is not modified in this respect of this matter.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial 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 conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

9

Classification : Official

Independent Auditors' Report to the Members of Community Links Trust Limited

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 10, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation 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 assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

10

Classification : Official

Independent Auditors' Report to the Members of Community Links Trust Limited

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.

• Conclude on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charitable company to cease to continue as a going concern.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company.

Our approach was as follows:

11

Classification : Official

Independent Auditors' Report to the Members of Community Links Trust Limited

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to any party other than the charitable company and charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Neil Finlayson (Senior Statutory Auditor)

for and on behalf of Moore Kingston Smith LLP, Statutory Auditor

26 May 2022 Devonshire House 60 Goswell Road London EC1M 7AD

12

Classification : Official

Community Links Trust Limited

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 August 2021

For theyear ended 31 August 2021 For theyear ended 31 August 2021
Restricted
Note
£
Income from:
3
-
4
122,837
4
129,578
4
41,500
5
-
6
-
-
293,915
7
-
7
108,190
7
135,664
7
69,000
1 (c)
1,148,215
1,461,069
Net (losses) on
investments
-
8
(1,167,154)
19
(1,167,154)
Reconciliation of funds:
1,167,154
()
Donations and legacies
Charitable activities
Other trading activities
Advice and Health
Youth and Employability
Policy and Learning
Investments
Total income
Expenditure on:
Government Grant Income
Raising funds
Net (expenditure) /income for the year
Total expenditure
Charitable activities
Advice and Health
Youth and Employability
Policy and Learning
Transfer to Catch22 Charity
Total funds brought forward
Total funds carried forward
Transfers between funds
Net movement in funds		 Unrestricted
General
£
94,823
367,641
84,378
1,800
38,794
58
17,096		 2021
Total
£
94,823
490,478
213,956
43,300
38,794
58
17,096
898,505
3,654
338,028
277,582
76,105
3,641,094
4,336,463
-
(3,437,958)
-
(3,437,958)
3,437,958
()		 2020
Total
£
708,739
809,732
420,736
155,835
110,019
293
158,947
2,364,301
.
63,549
844,342
994,001
196,105
-
2,097,997
(1,526)
264,778
-
264,778
3,173,180
3,437,958
293,915 604,590
-
108,190
135,664
69,000
1,148,215		 3,654
229,838
141,918
7,105
2,492,879
1,461,069
-		 2,875,394
-
(1,167,154) (2,270,804)
(1,167,154)
1,167,154		 (2,270,804)
2,270,804
() ()

13

Classification : Official

Community Links Trust Limited

Balance sheet

Company no. 2661182

As at 31 August 2021

As at 31 August 2021
Balance sheet		 Company no. 2661182
Note
Fixed assets:
12
13
Current assets:
15
16
Liabilities:
17
19
19
Total unrestricted funds
Restricted income funds
Total net assets
General funds
Total funds
Creditors: amounts falling due within one year
Net current assets
Investments
Cash at bank and in hand
Tangible assets
Debtors
Unrestricted income funds:
Designated funds
Revaulation reserve
Funds:		 £
-
-
2021		 £
1,259,426
9,023
2020
-
-
-		 1,268,449
2,945,645
128,553
-
-		 3,074,198
(904,689)
- 2,169,509
- 3,437,958
-
-
-
-		 1,167,154
51,141
873,000
1,346,663
- 2,270,804
- 3,437,958

Approved by the trustees on 24 May 2022 and signed on their behalf by

Chris Wright Trustee

14

Classification : Official

Community Links Trust Limited

Statement of cash flows

For the year ended 31 August 2021

Note
20
Transfer of cash to Catch 22
21
Cash flows from operating activities
Net cash provided by / (used in) investing activities
Net cash provided by / (used in) operating activities
Cash flows from investing activities:
Purchase of fixed assets
Cash and cash equivalents at the beginning of the year
Change in cash and cash equivalents in the year		 £
£
44,647
(100,406)
(72,794)
(173,200)
(128,553)
128,553
-
2021		 £
£
44,647
(100,406)
(72,794)
(173,200)
(128,553)
128,553
-
2021		 (20,523)
-
-
-
(20,523)
149,076
128,553
2020		 (20,523)
-
-
-
(20,523)
149,076
128,553
2020
- 128,553

15

Classification : Official

Community Links Trust Limited

Notes to the financial statements

For the year ended 31 August 2021

1 Accounting policies

Community Links Trust Limited is a charitable company limited by guarantee and registered in England and Wales. The address of the registered office is 105 Barking Road, London, E16 4HQ.

a) Basis of preparation

The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102). The Charitable Company is a public benefit entity for the purposes of FRS102 and therefore the charity has prepared its financial statements in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable inteh UK and Republic of Ireland (The FRS012 Charities SORP), the Companies Act 2006 and the Charities Act 2011.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are recorded to the nearest pound.

b) Public benefit entity

The charitable company meets the definition of a public benefit entity under FRS 102.

c) Going concern

On 1 February 2021, it was agreed that, in the best interests of the complementary charitable objects of Community Links Trust Limited and Catch22 Charity Limited, its parent charity, and the integrated operations of the Catch22 group, for the public benefit, the charitable undertaking of Community Links Trust should be transferred, as a going concern, from Community Links Trust to Catch22 Charity Limited. All assets and trade of Community Links Trust were transferred to Catch22 Charity on this date and Community Links Trust Limited ceased to trade as a separate company from 1 February 2021. Therefore the financial statements have been prepared on a basis other than that of a going concern. No adjustments have been required to be made to the financial statements as a result of them being prepared on a basis other then that of a going concern.

d) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Trading income generated from events and activities is recognised when the events and activities are held. Income is recognised net of value added tax.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

e) Donations of gifts, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

16

Classification : Official

Community Links Trust Limited

Notes to the financial statements

For the year ended 31 August 2021

g) Fund accounting

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

i) Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis which are an estimate, based on income, of each activity.

Where information about the aims, objectives and projects of the charity is provided to potential beneficiaries, the costs associated with this publicity are allocated to charitable expenditure.

Where such information about the aims, objectives and projects of the charity is also provided to potential donors, activity costs are apportioned between fundraising and charitable activities on the basis of area of literature occupied by each activity.

Raising Funds 0%
Advice and Health 39%
Youth and Employability 33%
Policy and Learning 10%
Support 18%

Support and governance costs are re-allocated to each of the activities on the following basis which is an estimate, based on income, of the amount attributable to each activity

Raising Funds 1%
Advice and Health 49%
Youth and Employability 40%
Policy and Learning 11%

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.

17

Classification : Official

Community Links Trust Limited

Notes to the financial statements

For the year ended 31 August 2021

1 Accounting policies (continued)

Rental charges are charged on a straight line basis over the term of the lease.

k) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £500. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Where fixed assets have been revalued, any excess between the revalued amount and the historic cost of the asset will be shown as a revaluation reserve in the balance sheet.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Over the length of the lease 2 to 50% per annum 25% per annum 25% per annum none

l)

Listed investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing

quoted market price. Any change in fair value will be recognised in the statement of financial activities and any excess of fair value over the historic cost of the investments will be shown as a fair value reserve in the balance sheet. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading “Net gains/(losses) on investments” in the statement of financial activities. The charity does not acquire put options, derivatives or other complex financial instruments.

Investments in subsidiaries

Investments in subsidiaries are at cost or written down value if lower. The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the charitable company as an individual and not about its group. Community Links Trust Limited is a wholly owned subsidiary of Catch22 Charity Limited and the results of Community Links Trust Limited are included in the consolidated financial statements of Catch22 Charity Limited.

m) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

18

Classification : Official

Community Links Trust Limited

Notes to the financial statements

For the year ended 31 August 2021

1 Accounting policies (continued)

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

o) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

p) Pensions

The charitable company makes pension contributions to the Flexible Retirement Plan, a multi-employer defined contribution pension scheme which is operated by the Pensions Trust. The charitable company became a member of the Pensions Trust effective 1 October 2012. The charitable company pays employer’s contributions of 5% of pensionable salary provided that an employee pays employee contributions of at least 3% of pensionable salary. Employer’s pension contributions are charged to the Statement of Financial Activities as incurred.

19

Classification : Official

Community Links Trust Limited

Notes to the financial statements

For the year ended 31 August 2021

Donations and legacies
Charitable activities
Advice and Health
Youth and Employability
Policy and Learning
Other trading activities
Investments
Government Grant Income
Total income
Expenditure on:
Raising funds
Charitable activities
Advice and Health
Youth and Employability
Policy and Learning
Total expenditure
Net (losses) on investments
Net income / expenditure
Transfers between funds
Net movement in funds
Total funds brought forward
Total funds carried forward
Income from:		 Restricted
£
407,233
185,056
177,740
109,790
-
-
158,947
1,038,766
-
268,221
626,121
165,933
1,060,275
(21,509)
-
(21,509)
1,188,663
1,167,154		 £
301,507
624,676
242,996
46,045
110,019
293
-
Unrestricted
General		 420,736
155,835
110,019
2020
809,732
Total
£
708,739
293
158,947
1,325,535 2,364,301
63,549
576,121
367,880
30,172		 844,342
994,001
196,105
63,549
1,037,722 2,097,997
(1,526) (1,526)
286,287
-		 -
264,778
286,287
1,984,517		 264,778
3,173,180
2,270,804 3,437,958

20

Classification : Official

Community Links Trust Limited

Notes to the financial statements

For the year ended 31 August 2021

Income from donations and legacies
Gifts
Sub-total for Youth and Employability
Sub-total for Policy and Learning
BIG Lottery Fund
Help Through Crisis
Other income
Other income
Other
Sub-total for Advice and Health
More than Mentors
Total income from charitable activities
Screening Project
Legal Aid Agency
Income from charitable activities		 Restricted
£
-		 £
94,823
Unrestricted		 2021
Total
£
94,823		 2020
Total
£
708,739
- 94,823 94,823 708,739
Restricted
£
-
-
56,212
66,625		 £
-
-
-
367,641
Unrestricted		 2021
Total
£
-
-
56,212
434,266		 2020
Total
£
8,001
379,856
76,316
345,559
122,837
-
129,578		 367,641
-
84,378		 490,478
-
213,956		 809,732
100,000
320,736
129,578
41,500
-		 84,378
1,800
-		 213,956
43,300
-		 420,736
109,790
46,045
41,500 1,800 43,300 155,835
293,915 453,819 747,734 1,386,303

21

Classification : Official

Community Links Trust Limited

Notes to the financial statements

For the year ended 31 August 2021

For the year ended 31 August 2021
5
6
Other income
Income from investments
Interest
Income from other trading activities		 £
38,794
Unrestricted		 2021
Total
£
38,794		 2020
Total
£
110,019
38,794 38,794 110,019
£
58
Unrestricted		 2021
Total
£
58		 2020
Total
£
293
58 58 293

22

Classification : Official

Community Links Trust Limited

Notes to the financial statements

For the year ended 31 August 2021

7. Analysis of expenditure

Analysis of expenditure
Staff costs (Note 9)
Other staff costs
Direct project costs
Travel and subsistence
Rent and rates
Legal and professional
Office costs
Audit and accountancy
Depreciation
Support costs
Total expenditure for 2021
Total expenditure for 2020		 Cost of
raising
funds
£
-
-
1,000
-
-
-
2,008
-
-		 Charitable activities Support
costs
£
59,332
1,024
15,050
26
(15,280)
6,960
34,608
12,765
8,444		 2021 Total
£
506,531
1,751
83,499
130
(15,011)
7,145
78,250
12,765
20,308		 2020
Total
£
1,282,048
15,870
426,392
5,386
5,795
13,288
274,734
24,960
49,523
Advice and
Health
£
238,748
727
4,198
22
-
-
27,227
-
-		 Youth and
Employability
£
151,746
-
52,251
82
269
-
12,299
-
11,863		 Policy and
Learning
£
56,705
-
11,000
-
-
185
2,110
-
-
3,008
646		 270,922
67,106		 228,510
49,072		 70,000
6,105		 122,929
(122,929)		 695,368
-		 2,097,996
-
3,654 338,028 277,582 76,105 - 695,368 2,097,996
63,549 844,342 994,001 196,105 - 2,097,997

23

Classification : Official

Community Links Trust Limited

Notes to the financial statements

For the year ended 31 August 2021

This is stated after charging / (crediting):

This is stated after charging / (crediting):
2021 2020
£ £
Depreciation 20,480 49,938
Auditors' remuneration (excluding VAT):
Audit 12,765 14,600

9 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel
Staff costs were as follows:
Salaries and wages
Redundancy and termination costs
Social security costs
Employer’s contribution to defined contribution pension schemes		 2021
£
454,517
5,209
37,379
9,427
506,532		 2020
£
1,136,711
20,159
100,327
24,851
1,282,048

Employees earning more than £60,000 (excluding employer pension costs) during the year between:

2021 2020
No. No.
£60,000 - £69,999 - -
£70,000 - £79,999 - -
£80,000 - £89,999 - -

The total employee benefits including pension contributions and employers NI of the key management personnel for 2021 was £24,802 (2020: £111,155).

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2021: £nil). No charity trustee received payment for professional or other services supplied to the charity (2020: £nil).

Trustees' expenses represents the payment or reimbursement of travel and subsistence costs totalling £nil (2020: £nil) incurred by 0 (2020: 0) members relating to attendance at meetings of the trustees.

Aggregate donations from trustees was £nil (2020: £nil).

24

Classification : Official

Community Links Trust Limited

Notes to the financial statements

For the year ended 31 August 2021

10 Staff numbers

Average number of employess during the year was as follows: 2021
No.
43.0		 2020
No.
78.0

11 Related party transactions

During the year, the charity had transactions of £118,927 (2020: £178,217) relating to salaries and other costs recharged to Community Links Trading Limited, its wholly owned subsidiary.

25

Classification : Official

Community Links Trust Limited

Notes to the financial statements

For the year ended 31 August 2021

12 Tangible fixed assets

Tangible fixed assets
Transferred to parent charity
At the end of the year
Depreciation
Additions in year
Cost/ valuation
At the start of the year
At the start of the year
Charge for the year
Transferred to parent charity
At the end of the year
Net book value
At the end of the year end
At the start of the year		 Assets
under
construction
£
-
93,002
(93,002)
-
-
-
-
-
-
-		 Long leasehold
£
900,000
-
(900,000)
-
27,000
3,750
(30,750)
-
-
873,000		 Short
leasehold
£
540,797
7,404
(548,201)		 Leasehold
Improvemen
ts
Computer
equipment,
fixtures &
fittings
£
£
263,974
41,507
-
(263,974)
(41,507)
-
-
99,138
33,753
3,678
1,447
(102,816)
(35,200)
-
-
-
-
164,836
7,753		 Total
£
1,746,278
100,406
(1,846,684)
- -
321,958
11,605
(333,563)		 481,849
20,480
(502,329)
- -
- -
218,839 1,264,428

During the year, Community Links Trust transferred all of their assets to Catch22 Charity Limited, its parent charity (see note 1c)).

26

Classification : Official

Community Links Trust Limited

Notes to the financial statements

For the year ended 31 August 2021

13 Investments

Investments
Historic cost at the end of the year
Change in market value
Fair value at the start and end of the year
Investments comprise:
Disposals at carrying value
Listed investments
Unlisted investments		 2021
£
9,023
-
(9,023)
-
-
2021
£
-
-
-		 2020
£
10,548
(1,525)
-
9,023
12,295
2020
£
4,022
5,001
9,023

Community Links Trading Limited

The charity owned one ordinary £1 share representing 100% of the share capital of the company. The shares are valued at the cost of the investment. The company operates trading activities in order to generate funds for the charity.

The company generated an operating loss of £107,355 (2020: loss of £75,239) during the year. No funds were gift aided to the charity in the year (2020: £nil).

27

Classification : Official

Community Links Trust Limited

Notes to the financial statements

For the year ended 31 August 2021

14 Subsidiary undertaking

The charitable company owns the whole of the issued ordinary share capital of Community Links Trading Limited, a company registered in England and Wales (Company no: 05737749 Registered Office: 105 Barking Road, London, E16 4HQ). The subsidiary is used for non-primary purpose trading activities. Available profits are gift aided to the charitable company. As part of the transfer of assets and trade to Catch 22 Charity Limited, the shares was transferred to Catch22 Charity LImited on 1 February 2021. A summary of the results of the subsidiary for the year is shown below:

Retained profit bought forward
Profit after Tax
Amount distributed to Community Links Trust
Retained profit
Interest receivable
Gross profit
Turnover
Cost of sales
Administrative expenses
Fixed Assets
Funds
Profit for the financial year
The aggregate of the assets, liabilities and funds was:
Corporation Tax
Profit after Tax
Operating profit
Current Assets
Current Liabilities		 2021
£
249,514
(256,477)
(6,963)
(100,392)
(107,355)
-
(107,355)
-
(107,355)
(62,949)
(107,355)
-
(170,304)
28,461
113,378
(312,142)
(170,303)		 2020
£
273,114
(310,407)
(37,293)
(37,946)
(75,239)
-
(75,239)
-
(75,239)
12,290
(75,239)
-
(62,949)
43,077
73,996
(180,021)
(62,948)

A Deed of Covenant was signed in the year ended 31st August 2019 creating an obligation for the company to pay taxable profits as a giftaid distribution to Community Links Trust. As there were no taxable profits in this financial year no distributions have been accrued at year end.

28

Classification : Official

Community Links Trust Limited

Notes to the financial statements

For the year ended 31 August 2021

For the year ended 31 August 2021
15
16
17
Creditors: amounts falling due within one year
Balance at 1 September
Amounts (released)/deferred in year
Balance at 31 August
Amounts included in deferred income as it relates to future periods:
Accruals and deferred income
Other creditors
Taxation and social security
Trade creditors
Cash at bank and in hand
Cash at bank and in hand
Amount owed by group undertaking
Prepayments
Debtors
Accrued income
Trade debtors		 2021
£
-
-
-
-
-
2021
£
-
2021
£
-
-
-
-
-
£
674,433
(674,433)
-		 2020
£
218,448
70,827
13,189
2,643,181
2,945,645
2020
£
128,553
2020
£
93,080
32,192
8,913
770,504
904,689
175,339
499,094
674,433

29

Classification : Official

Community Links Trust Limited

Notes to the financial statements

For the year ended 31 August 2021

18
2020
2019
19
Net assets at the end of the year
Analysis of group net assets between funds
Tangible fixed assets
Investments
Movements in funds
Net current assets
Tangible fixed assets
Investments
Net current assets
Net assets at the end of the year		 Restricted
Funds
£
-
-
-
-
Restricted
Funds
£
335,285
-
831,869
1,167,154		 Designated
Funds
£
-
-
-		 General
Funds
Revaluation
reserve
£
£
-
-
-
-
-
-
-
-
General
Funds
Revaluation
reserve
£
£
-
873,000
9,023
-
1,337,640
-
1,346,663
873,000		 Total Funds
£
-
-
-
- -
Designated
Funds
£
51,141
-
-		 Total Funds
£
1,259,426
9,023
2,169,509
51,141 3,437,958
19
Movements in funds
At 1 September
2020
£
157,227
48,940
102,656
523,046
335,285
Total restricted funds
1,167,154
51,141
873,000
Total designated funds
924,141
General funds
1,346,663
2,270,804
3,437,958
Advice and Health
Policy and Learning
Fixed Assets
Unrestricted funds:
Youth and Employability
Restricted funds:
Anonymous Donations
Revaluation reserve
Total unrestricted funds
Designated funds:
Fixed Assets
The Resources Committee, on behalf of the Board of Trustees,
conducts an annual review of the level of unrestricted reserves in
the general fund, by considering risks associated with the various
income streams, expenditure plans and balance sheet items. The
Trustees’ target is to build unrestricted reserves to cover income
k
(
f
f b d
d
d
Total funds		 Income
£
129,580
122,836
41,500
-		 Expenditure
Transfer/Trans
fer to Catch 22
Charity
£
£
(133,681)
(153,126)
(108,190)
(63,586)
(69,000)
(75,156)
(1,984)
(521,062)
(335,285)
(312,855)
(1,148,215)
-
(51,141)
(3,750)
(869,250)
(3,750)
(920,391)
(378,765)
(1,572,488)
(382,515)
(2,492,879)
(695,370)
(3,641,094)		 At 31 August
2021
£
-
-
-
-
-
293,916 -
-
-		 -
-
- -
604,590 -
604,590 -
898,506 -

30

Classification : Official

Community Links Trust Limited

Notes to the financial statements

For the year ended 31 August 2021

Purposes of restricted funds

The charity receives restricted income from a very large number of donors and it is not practical to disclose the opening balances, movements, transfers and closing balances on every individual restricted fund. Restricted funds are disclosed in aggregate for each area of charitable activity.

Fixed Assets

The restricted Fixed Assets Fund represents the net book value of fixed assets purchased by the charitable company using restricted funds. Depreciation relating to such fixed assets is charged to this fund.

Transfer of funds

At 31.08.21, all of the assets and liabilities were transferred to Catch 22 Charity, its parent charity.

Purposes of designated funds

Revaluation Reserve

This represents the surplus arising from the revaluation of freehold property owned by the charity less depreciation charge.

Fixed assets

This represents the net book value of fixed assets which has not been purchased with restricted funds. Depreciation relating to such fixed assets is charged to this fund.

Transition Funding

This represents funds to be used in the transition of the charity. These funds will be spent in the coming year.

Unrestricted Funds

General funds

The General Fund represents the accumulated net surpluses of the charity which have neither been restricted by conditions imposed by donors, nor have been designated by the Board of Trustees for specific purposes.

31

Classification : Official

Community Links Trust Limited

Notes to the financial statements

For the year ended 31 August 2021

19 Movements in funds 2020

Movements in funds 2020
Total restricted funds
Total designated funds
General funds
Pension fund
Total funds
Support
Fixed Assets
Revaluation reserve
Unrestricted funds:
Designated funds:
Restricted funds:
Policy and Learning
Anonymous Donations
Fixed Assets
Youth and Employability
Advice and Health
Furlough Grant
Total unrestricted funds		 At 1 September
2019
£
79,848
30,411
158,799
-
547,590
-
372,015
1,188,663
55,350
882,000
937,350
1,047,167
1,984,517
-
3,173,180		 Income
£
547,473
185,056
109,790
37,500
-
158,947
-		 Expenditure
Transfers
£
£
(470,094)
-
(166,527)
-
(165,933)
-
(37,500)
-
(24,544)
-
(158,947)
-
(36,730)
-
(1,060,275)
-
(4,209)
-
(9,000)
-
(13,209)
-
(1,026,039)
-
(1,039,248)
-
-
-
(2,099,523)
-		 At 31 August
2020
£
157,227
48,940
102,656
-
523,046
-
335,285
1,038,766 1,167,154
-
-		 51,141
873,000
- 924,141
1,325,535 1,346,663
1,325,535 2,270,804
- -
2,364,301 3,437,958

32

Classification : Official

Community Links Trust Limited

Notes to the financial statements

For the year ended 31 August 2021

20 Reconciliation of net (expenditure) /income to net cash flow from operating activities

20
Reconciliation of net (expenditure) /income to net cash flow from operating activities
Trustee
Net (expenditure)/income for the reporting period
(as per the statement of financial activities)
Depreciation charges
Decrease/(Increase) in debtors
(Increase)/ (decrease) in creditors
Transfer of assets to Catch22
Net cash provided by / (used in) operating activities
Net (losses) on investments		 2021
£
(3,437,958)
20,480
-
1,669
(180,638)
3,641,094
44,647		 2020
£
264,778
49,938
1,527
(722,363)
385,597
-
(20,523)

21 Analysis of cash and cash equivalents

Analysis of cash and cash equivalents
Cash at bank and in hand
Total cash and cash equivalents		 At 1
September
2020
Cash flows
£
£
128,553
(128,553)
128,553
(128,553)		 At 31 August
2021
£
()
()

22 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1. The registered office is 105 Barking Road, London.

23 Ultimate parent charity

The charity's ultimate parent company is Catch22 Charity Limited, incorporated in England and Wales, charity number 1124127, company number 06577534. The principle purpose of Catch22 Charity Limited is a social business that designs and delivers services that build resilience and aspiration in people and communities. Catch22 Charity Limited is the sole member of Community Links Trust and approves all trustee appointments. Group consolidated accounts are prepared and publicly available from the company secretary at the registered office 27 Pear Tree Street, London, EC1V 3AG.

24 Transfer of assets

On 1 February 2021, it was agreed that, in the best interests of the complementary charitable objects of Community Links Trust Limited and Catch22 Charity Limited, its parent charity, and the integrated operations of the Catch22 group, for the public benefit, the charitable undertaking of Community Links Trust should be transferred, as a going concern, from Community Links Trust to Catch22 Charity Limited. All assets and trade of Community Links Trust were transferred to Catch22 Charity on this date and Community Links Trust Limited ceased to trade as a separate company from 1 February 2021.

33

Classification : Official