Communlty Links Bromley A Company Llmlted by Guarantee Report and Unaudlted F5nancial Statements Year ended 31 March 2024 Charity Registration No. 1045255 Company Registered in England No. 3020127 Communlty Llnks Bromley Status: Charity registration no. 1045255 Company Registratlon no. 3020127 Reglstered Offlce: Communlty House, South Street. Bromley, Kent BRI IRH Trustees: Byron Johnson Brown Paul Cosgrave Luke Hallard Elliot Marc Lewls Tadeusz Perer Oabrowskl Janet Tibbalds Lelgh Gallagher Heather W1115 (Appointed 2024) Llz Poulter (Appointed 2024 Biral Joshi (Appoirtted 2024) Secretary; Chr15topher W. Evans Independent examiner. Dunstanetre Kutl Community Actlon Sutton, Granfer5 Communlty Cenire, 73-79 Oakhill Road, Sutton, Surrey, SMI 3AA Communlty Llnks Bromley Trustees, Report for the year ended 31 March 2024 Report of the Trustee5 The Trustees have pleasure in presenting thelr Annual Report and Accounts for the year end 31 March 2024. This is also a Directors. Report requlred by Companies Act. STRucfuRE, GOVERNANCE AND MANAGEMEKr Structure Communlty Llnks Bromley is a registered charlty and a company Ilmited by guarantee, reglstered In England and governed by a Memorandum and Articles of Association. This identifies the company as a second-tler support or9an15atlon for the local voluntary, communlty and social enterprise sector. It was founded In 1965 and incorporated in 1995. Communlty Links Bromley's purpose is to support, promote and facllitate the development of a sirong. dlverse. confldent and effectlve voluntary and communlry sector In the London Borough of Bromley, In ways whlch wlll enable the sector to Improve the quality of Ilfe for people and thelr communitles. As an organlsatlon we are committed to provlding Inclusive and accessible services based on the Identifiable needs of the local voluntary and communlty organ15atlons and recognislng the value of volunteerlng. The charity's objectlves and Its prlnclpal activities Include the followlng: To promote any charltable purposes for the beneflt of the communlty in Bromley Organlse and support co-operation between voluntary and statutory sector5 In Bromley. Provide Informatlon, advlce. tralnlng and other servlces to voluntary organlsations locally. Community Links Bromley Is aff iliated with the Natlonal Association for Voluntary and Community Action (NAVCA). The chariry is also a member of the National Council for Voluntary Organ15atlons and London Plus. Governance and Management Governance of rhe charity Is the responslbility of the Trustees who are elected and co-opted under the terms of the Artlcles of As50clatlon. Trustees are formally elected at the Annual General Meeting IAGM) with additional Trustees co-opted by the Trustee Board durlng the year. as approprlate, wlth formal election at the following AGM. Trustees now have 4 years terms according to Ihe amendments agreed recently by mernbers. They are required to stand down but may be elected for a further term if the other Trustees consider it des irable In the interests of the Board and charity. The Trustee Board includes the positions of Chair, Vice Chalr and Treasurer and consist5 of a maxlmum of twelve Trustee5. Communlty Llnks Bromlev Trustees. Report for the year ended 31 March 2024 The Trustees who served during the year were as follows". Janet Tibbalds Chair Paul Cos9rave Vice Chair Tadeusz (Peter) Dabrowskl Treasurer Elllot Lewls Luke Hallard Leigh Gallagher Heather Wills IAppolnted 2024) Liz Poulter (Appointed 2024 Biral Joshl (Appolnted 2024) Byron Johnson Brown Oryanlsatlonal Structure and Doclslon Maklng The charity is controlled by ihe Board of Trustees which is independent. Board members recelve no remuneration for their involvement. Day-to-day operations are conducted by full and part-time staff. led by a Chief Executive. The Trustee Board held six meetings during the year. Including an AGM. Trustees specify the level of delegated responsibility of staff. RISK MANAGEMENT The Trustee5 revlew the major risks the charity faces and believe rhat malntalnlng a sufflcient level of reserves will provlde sufficient resources in the event of adverse condltion5. The Trustees are systematically revlewing policies and processes whlch contrlbute to mitigating the slgnlf icant rlsk5. These measures, comblned wlth Income maxlmlsation and income dlversiflcation means that the overall flnancial posltion of the charlty remalns a5 sound as can be expected In the current flnancial climale, srATEMEKf OF PUBLIC BENEFIT The objectlves and actlvltle5 and achlevement and performance sectlons of this report clearly set out the actlvltles whlch the charity undertakes for the publlc benefit, The Trustees confirm that they have complied with the duty to have due regard to public benefit guidance pub115hed by the Charlty Commission in determlnlng Ihe actlvitles undertaken by the charity. ACHIEVEMENTS AND PERFORMANCE De5plte the changed context within which we have operated our focus remains unchanged. To support, promote and facllitate the development of a Strong, dlverse and effectlve voluntary and community sector in Bromley, we manage and co-ordlnate a number of dlfferent actlvltle5. They Include.. al Information. advlce and guidance b) Funding and Investment cl Volunteering d) Strategic partnership el Strategic volce Informat5on, advlce and guidance We provide the sector with information. advice and guidance to build capaclry and support Its Important role wirhin the community. Thi5 includes regular news updates. the distf ibution of a weekly electron ic information bulletin, and the provlslon OF a dedicated websiie for the sec(or. We remaln commltted to growing our audience acr055 all communicatlon platforms and we are pleased to report that we have achieved growth on Twitter IX). Insta9ram. Facebook and Linkedln. We provided tralning and support, particularly for smaller and newly formed groups, on a range of toplcs Includlng 9overnance and trustee support, creating constitutlons, writing fund ing appllcation5, cyber secu rity and advertlslng their servlce5, hlev IA nt5 in Direct support accessed by 330 unique organlsatlon5, a 14.98% Increase on ihe pre- VIOUs year. social media reach contlnues ro grow. Webslte accessed by 29.278 vlsltor5. Simply Connect Bromley accessed by 40,000 v151tors. Tralning and capacity bullding. 13 briefingslseminars and workshops dellvered. Fundlng and Investment Our funding work remains Impor¢ant to ensurlng that the sector continues to thrive in Bromley. We undertake horlzon scannlng and signposting to ensure the sector receives timely Information about funding opportunitles: provide advice on bid-writing and reference5 for local organisations to fund ra151ng organlsations: a5 well as lead ing on and facilitatlng sector-wide blds to attract and secure Inward investmeni into the Borough. This year, we worked on several collaboratlve bids, hosted workshops on different funding stream5, promoted opportunities and advlsed charlties on their bids. This resulied in new investmenl to the sector from 17 differeni funders that we are aware of including.. The National Lottery Community Fund, BBC Children In Need. City Bridge Trust, London Youth. Henry 5miih Charity. Trust for London, Sport England. The Clothmakers Foundation, The Mer.cers' Charitable Foundation and The Co- operatlve Group. Much of thls work is drlven by collaborative partnershlp work and so we are grateful for the support of Transform Bromley Borough (TBBI. South East London Community Energy (SELCE). St Edward's Mottingham and the London Borough of Bromley. We continue to be the Local Trusted Organisation (LTO or accountable body) for the Mottingham Blg Local Refocused project. This enables the community to access funding from the Big Lottery Fund to develop and support projects and intervention5 whlch meet community prlorities. Worked in partnershlp on 4 collaborative fundlng bids. Supported 27 unique bids With a 75% success rate with six unlque lunders (Greater London Authorily, Children in Need. The Innovation Fund. National Lottery Commu- nlty Fund, Clty Bridge Trust and London Youth). Secured £199,S20 new investmeni into local organisation5. We are on track to ex- ceed target of £1.2 million Investment Into the Borough during tho life of the con- tract. with £1 .136,000 Secured to date. Management of £764.298 bids to the Innovatlon Fund appllcations via our Awards Force Platform (2023-24). Instrumental in the development of the King s College HospitalNHS Foundation rrust- Volunteerlng wiihout barrier5 application for £550.000. Volunteer Support Our servlce continues to encourage volunteerlng and sUPPOrt volunieering Involving organl- satlons. We operate the volunteer centre for the borough. This provldes practlcal advice and guldance on all aspects of volunteering: ralses awareness of the beneflts of volunteerlng- provldes a database of current volunteering opportunitles and a volunteer online portal and phone Ilne for people looklng to volunteer. This year has seen the development of eUF Outreach, and our Volunteer Fairs contlnue to prove popular both with volunteer Involving organisation5 offering opportunltles and with prospective volunteers. Our 5howca5e event at the Glades was particularly well received, at- traciing 16 organi5ations and over l 00 Ind Ividuals seeking volu nteering opportunities. The central locaiion, Saturday timing, and open Space at the Glades were all well-received. At tendees were parlicularly Impressed by the diverse range of organ15ations present. We want to thank The Glades for their generous support with this event. In.(lude: Our brokerage serrfice continues to achieve a high placement rate with an average 38% individuals registered with us placed wlih an organisation. Worked with 43 organisations to promote active volunEeering opportunlties Distri bLltioii of 24 volunteer opporiu niiies newsletters to 9 87 volunteers registered witli the centre Hosted four Volunteer Managers Network meetings Delivered three volunteer management tralning courses Three hostedlcoordinated Volunteerlng Fairs ai Orplngton, The Walnut Centre, In Penge. Queen Adelalde Communlty Centre. and In Mottlngham. Mottlngham Library. A partner to £550.000 bid for The Volunteerlng for Health fund led by King's College H05pifal NHS Foundation Tru5r. Strateglc Partner5hlp and Volce A5 a service we strlve to facilitate and develop the voluntary sector role In strateglc partner- ships throughout the borough and local NHS. In part this Is achleved by ensuring that the sector15 represented by the Voluntary Sector Strateglc Network I'VSSN,), a network of or- ganlsatlons for engagement and Influenclng key borough and multl-borough partnershlps and at local forums and boards. We also strlve to Use member intelligence and knowledge to Influence policy and practlce. Durlng the year we: Undertook research into the State of the Voluntary Sector In Bromley. Worked with the Alllance and VSCE Director to shape the Charter for the 5ector/ics. Th15 15 covered elsewhere In thls report. Worked In parinershlp wlth Counclls for Voluntary Service (CVS) across the SE London ICS areas to map provlsion and Impact. Collectlvely we produced a report that con- stitutes an analysis of the current leve15 of diverse provision wlthln ihe Voluntary. Communlty and Social Enterprlse (VCSE) sector acros5 the slx SE London Boroughs, Identifylng area5 for potential collaboration and growth. (See case 51udy below). Made representatlon and a subm155ion to Influence and shape the South East London Integrated Care Sysrem (ICS) Jolni ForNard Plan and Bromley Local Care Partnership Strategy Played a constructive role in collaboratlng with the Council, MyTime Active. Flock, Your Bromley and other partners in the successful delivery of the High Street Lates Festival of Sport and Wellbeing in July. This included being a member of the Event Officer recruitment panel, contacting voluntary groups to partlcipate and active pro- rnotion on social media. Led the debate on digital inclusion in the Borough hosting a cross-secror workshop with rrepresentatives from Virgin Media, the London Borough of Bromley and the Head of Dlgltal Programmes. SEL ICS presented along wlth exemplars from the vol- uniary sector. Provided sector represeniation and voice on.. Health and Wellbeing Board Adults Safeguarding Board Borough Resilience Forum Borough Partnership Bromley Business Partnefshlp The Borough Equalities Partnershlp Board Jolnt Strategic Need5 Assessment Steering Group Communlty Llnks hosts Tal Rosenzweig, Director of Voluntary Sector Collaboratlon & Partnerships (SE London ICS). She reports to the south East London Voluntary sector Alllance, which brlngs together the Voluntary. Community and Soclal Enterprlse (VCSEI sector across the area. She has been instrumental In drivlng key initiatives and securlng su b5tantlal funding to support the secior acr055 the area. Despite financial challen9e5, she has continued to leverage funding to sustaln sector activities and has worked on providing free or reduced- rate access to NHS estates for VCSES. She has led on the development and implementation of the SEL VCSE Charter, secured £600,000 for capacity buildlng ensuring grassroots organlsations recelve the Support they need, and £130,000 for strategic representatlon. The charterlmemofandum focuses on four LLV areas of change.. The sector as an equitable strategic partner Sustainable and falr funding Reducing bureaucracy and supporting sector's Innovation Strengthening the sector'5 infrastructure The work Tal, the Alliance and ICS have been carrylng out in South East London, and the de- velopment of the charter, is attractlng a lot of attentlDn across the country and as a result Tal presented to NAVCA'S healih & wellbeing forum In August. This resulted in a number of people from Icss across the country asking for a follow up conversation to support wlth thelr systems undertaking Similar work, Additionally, Tal has led the VCSE Alliance in setting strategic prioritie5, enhanclng Internal structures, and developing a cohesive brand identity. She ha5 also overseen the completion of a comprehensive SEL mapping reporr. contributed to widening partlclpation in the health and care workforce. and supported the development of a Creative Healih Impact Tool to measure the benefits of creative activities on health and wellbeing. Their efforts in organizlng community event5 further demonstrate their commitment to fosterlng comrnu- nity engagement and collaborarion. Achievements include: Worked with ICB executlves to secure and allocate fundlng across boroughs for 2024-25 resulting in £600.000 for capaclty buildlng support for grassroot5 VCSES acro55 South East London. Collaborared wlth 6 CVSS, grassroots VCSES, and Place executive leads io develop funding guldelines. Secured £130,000 for VCSE strateglc representation and Identifled key spaces for VCSE involvement. Progressed freeireduced rate access to NHS estates for VCSE5 and explored broader community access. FINANCIAL REVIEW We are a lean organlsatlon and continue to work hard to keep costs withln budgets at a time of growlng cosi pressures. At the same tlme, we have also worked hard to Secure external investment to support the delivery of 5ervlces to our sector. As hlghllghted above, this work resulted in substaniial Investment In the Mottingham area, as well investment from the GLA: the Innovatlon Fund and SGN to develop and deliver other projects. We contlntse ro obtain our core fundln9 Irom the London Borough of Bromley. However, we remain committed to diverslfylng our sources of funding and are pleased that thls year we secured fu nds from elght different fundlng sources. Irls essentlal to recognlse that the core funding enabled us to secure 82% of our fundlng in 2023124 from other source5. Overall income increased from £702,121 to £859,412. As a 5erilce, we are extremely aware of the financlal pressures experienced by our funder5 and, as such, the trustees want to thank our core funders, the London Borough of Bromley, for their continued support. The strategy of the organisation contlnue5 to be to seek core fundlng from the local authorlty and to enable on-going development through project funding from large funders Such as the Big Loitery and charitable trust5. Our alm 15 to ensure that we can glve confidence to Stakeholder5 that the charity's finances are being well managed. Income Resource Income foi the year was £859,412. Resources Expended Expenditure during the flscal year was £849.367. Summary Posltlon Our positlon at the end of the year showed net income of £1 0,045. ResoNes The Unrestricted Reserves carried forward of £165.023 represents an Increase on the prevlous year (£1 $2,153) and show that the Trustees, plans set out In previous Annual Reports to increase our reserve5 are on target. Investment Pollcy Community Links Bromley continues Its practice of prudently maxlmlsln9 all potential sources of revenue by keeplng under review its banking arrangements and interest rates on a regular basls. Reserves Pollcy The levels of reserves held are regularly revlewed to ensure the charlty 15 able to meet its obllgations. A target of three month5 C05t5 running costs has been set. We are pleased to have achieved this figure. FUTURE DEVELOPMENTS Our flnancial performance over recent years has allowed the organ15ation to bulld our reser4es to a healthy level. We wlll contlnue to build on thls sound foundation. Key developments planned for the year ahead include., Develop and agree an ambltlous 5-year Strateglc Development Plan Prepare systems and evldence to obiain NAVCA l.nral Infrastructure Organlsation Quallty Accreditation The LIQA Contlnue to grow and diverslfy Income streams Pub115h our Slate of the Sector Bromley Report and develop an Implementatlon action pSan To revlew our membershlp model and strive to create an organlsation providing clear representation for the sector. Contlnue to develop our servSce model ro "Create a Culture of Opportunity. for the sector and volunteers. MEMBERS, UABILITY The Trustees of the company guarantee to contrlbute an amount not exceeding £1 to the assets of the charity in the event of windlng up. STATEMENT OF TRUSTEES, RESPONSIBILITIES Charlty law required the Trustees to prepare financlal siatements for each flnanclal year which give a true and fair vlew of the state of affairs of rhe charily and of the surplus or deficit for that period. In preparing those financial statements, the Trustees are required to.. Select suitable accountlng policies and then apply them consistently io Make Judgements and estimate5 that are reasonable and prudent Prepare financial 5taiements on the golng concern basls unless It is inappropriate to assume thar the charlty will continue in busines5. The Trustees are responsible for keeping proper accountlng records which dlsclose with reasonable accuracy at any time the financlal posStion of the charlty and enable them to ensure that the financial statements comply with the Companles Act 2006. They are also responsible for safeguarding the assets of rhe company and hence for taklng reasonable step5 for the prevention and detection of fraud or other irreg ularities. This report has been prepared in accordance with the Statement of Recommended Practice. ead'Accounring and Reporting by Charitles ISORP FRS 7 021. and In accordance wlth fhe special provisions of section 419<2) of the Companles Act 2006 relatlng to small entities. Thls report was approved by the Board of Trustees on 1311212024 and signed on its behalf: Janer Tlbbalds, Chalr li Communlty Unks Bromley Independent Examlner's Report to the Trustees of Communlty Llnks Biomley I report to the charlty trustees on my examlnatlon of the accounts of ihe company for the year ended 31 March 2024 which are set out on pages 13 to 27. Responslbilltles and basls of report As the charlty irustees of the company land also It5 directors for ihe purposes of company lawl you are responsible for the pieparatlon of rhe accounis In accordance wilh the requirements of the Companles Acl 20061'the 2006 Act'l. Havlng saiisflÈd myself Ihai the accounts of the company are not reqvlred to be audlted under Part 16 of the 2006 Act and are eliglble for Independent examlnation. I report In re5pecÉ of my examination of your company'5 accounts a5 carrled our under sectlon 145 of the Charilles Act 2011 I'the 201 l Act'l. In carrylng out my examlnation I have followed the Dlrectlons 9lven by the Charlty Commission under seciion 1451511bl of the 2 01 l Act. Independenr examlnerfs statement Slnce the company's gross Income exceeded £250,000 your examiner musf be a member of a body Ilsted In section 145 of the 2011 Act, I confirm ihat l am quallfied to undertake the examlnaiion because l am a member of Associatlon of Chartered Certi(led Accounrant. whlch Is one of the Ilsted bodies. I have completed my examlnatlon. I conflrm that no matters have come to my attentlon In connection with the examlnatlon givin9 me cause to belleve that in any material respect.. accounrlng records were noi kept In respect of the company as requlred by secllon 386 of ihe 2006 Act.. or the accounts do not accord wlth those records.. or the accounts do not comply wlth the accounrln9 requlremenis of sectlon 3 96 of the 2006 Act other than any requlremen( Ihai the accounts give a 'true and falr view. whlch Is nor a rnatter considered as part of an independent examination. or the account5 have not been prepared In accordance wlth the method5 and prlnclple5 of Ihe StatErnent of Recommended Praciice for accounting and reporting by charities lap- plicable to charities preparlng their accounis In accordance wlih Ihe Financial Reportlng Standard applicable In the UK and Republic ol Ireland (FR5 102Tr. I have no concerns and have come acr055 no other mariers in connection wilh the examlnarion to which atienrion should be drawn in this report in order to enable a proper undersianding of the accounts to be reached. Dunstanetie Kuti r.CCA MCSI Community Action Sutton, Granfers Communlty Cenire. 73-79 Oakhill Road. Sutton. Surrey. SMI 3AA Date 16112,24 12 Communlty Llnks Bromley Statement of tlnancl31 actlvltles lincorporatillg an income and expendiiure a¢counll For ihe ar ended 31 March 2024 2024 Total Unresrritted 2023 Total Unrestwlcted Restricted Restricted Note Income from-. Donations and legacles Charitable aciiviiies Suppoii to the voluntary sector In¥estrnent Income 672,131 672.131 488.108 488.105 163.298 IG,144 7.839 171,'137 16.144 160.806 2.910 50,297 211 103 2,910 Total income 179,442 679.970 859,412 163,716 538,40S 702,121 Expendllure on: Raising funds Cl)ailrable activiiies Informailon, advlce and guidance Funding and Inve5trnent Volunieerin9 Strateglc parinership and volce Total expenditure 11,066 11,066 17.234 17,234 80,372 4.085 37.647 34,040 18,738 S40,264 7,033 116.122 99,110 544.349 44,680 150,162 48,880 215 34,220 13.437 70.010 318.789 118.890 319,004 34,220 83.878 70.441 167,210 682,157 849,367 113,986 459.240 573.226 Net Income I l•xpendliurel for the year 12,232 12.1871 10,045 49,730 79.165 128,895 Transfe15 beiween funds 656 16561 Nei movemeni In funds Reconclllatlon of funds: Total funds brou9hi forward Total funds ¢arrlod forward 12,888 12.8431 10,045 49.730 79,165 128.895 52,135 249.042 401,177 102,405 169.877 2 72.282 165,023 246,199 411.222 152.135 249,042 401,177 All of Ihe above r•sylis are derived liom coniinuing ariiwiies. There were no oiher recognised gallls or losses oih•r ihan ihgse 51aled above. Mo¥ernents in lunds are diiclosod In Note 16 to Ihe financial staiemeni%. Communlty Llnk5 Bromley Balance sheet Company no. 3020127 As ai 31 March 2024 2024 2023 Noie Flxed a5sets', Tangible asset5 437 520 437 520 Current assets: DebtOf5 Cash at bank and In hand 183.281 551.145 147.076 395.825 734.426 542.901 Llabllliles: Credltors.. amount5 fallin9 due wlihln one year 323.641 142.244 Net curienr assets l (Ilabllltles 410,785 400.6S7 Total asset5 le55 curr¢ni Ilabllltles 411.222 401,177 Total net assets I Illabllltlesl 14 411.222 401.177 The funds of the charlty.. Restrlcted Income funds Unresrrlcied Income funds.. GeneTal funds 246,199 249.042 165.023 152,135 Total unrestrlcted funds 165,023 152,135 Total charlty lunds 411,222 401.177 For the year endlng 31 March 2024 the company was entiiled io exemption from audlt under sectlon 4 77 of the Companles Act 2006 relaiing to small companle5. Twsiees, Responslbllltles: The member5 have not requlred the company to obtaln an of tts financlal siaiements for ihe year In quesiion in accordance wlth sectlon 476 The trustees acknowledge thelr responslbllity for complying wlth the requliemenrs of the Aci wilh respect to accouniing record5 and Ihe preparatlon of financlal siatements. These flnanclal statemen(s. which have been prepared in accordance wlth the speclal provlslons relatlng to the small companies reglme wlthln Part 15 of the Companles Act 2006 and in accowdance wlth rhe Financlal Reportlng Standard appllcable In ihe UK and Republlc of Ireland IFRS 102) leffectlye l January 20191, were approved by the Board and signed on Its behalf by.. Trusioe Community Links Bromley Statement of cash flow5 For the ear ended 31 March 2024 Note 2024 2023 Cash flows from operating activlties Net cash provided by l (used inl operating activities 155.976 6,402 Cash flows from Investing activitles,. Purchase of fixed assets (656) Net cash provided bv I lused in) investing activities 16 561 Change irb cash and cash equivalents In the year 155,320 6,402 Cash and cash equivalents ai the beginning of the year Change In cash and cash equivalents due to exchange rate movements 395.825 389,423 Cash and cash equivalents ai the end of the year S51,145 39S,825 Communlty Llftk5 8romley Notes to the flnanclal Statements For l March 2024 l Accouniln9 pollcles a) Ba515 of preparatlon Thè flnanclal siarements have been prepared in accordance wirh Accounfing and Reporting by Charliies Statement of Recommended Practlce applicable to chariiies preparing Iheir accounts In accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeciive l January 20191- (Charitles SORP FR5 1021. the Flnancial Reporting Standard applicable the UK and Republic of Ireland IFRS 1021 and ihe Companies Act 2006. Asseis and Iiabllitle5 are Inltially recognised at historlcal c05t or transaction value unless oihen¥lse staled in the relevant accounting policy or note. bl Publlc benefit entlty The charltable company meets ihe definiiion of a public benefit eniity under FRS 102. ¢1 Golng concern The trustees consider that ihere are no material uncertainties about the charltable company's abllliy to continue as a 9oing concern. There are no key Jtsdgement5 thai the charitable company has made whlch have a signlflcant effecr on the accounrs. The trustees do not consider ihar fhere are any sources of esiimation uncertalnty at the reportlng date Ihat have a signlficani risk of causing a material adjustmont to the carrying amounis of assets and liabilitles within the next reporiing perlod. d) Income Income Is reco9nised when the chariiy has entiilement to ihe fund5, any performance conditions attached to the Income have been mei, i(15 probable Iha( Ihe income wlll be received and Ihat the afflount can be measured reliably. Income from government and other grants, whether 'capltal' granis or 'revenue' gran(s, Is iecogn15ed when the chaflty has enlltlement to ihe funds, any perfoimance condilions aitached to the grants have been mei, It Is probable that the Income will be received and the amount can be measured rellably 3nd Is noi deferred. Income received In advance of the provision of a speclfied seNce Is deferred untll the criteria for income recognition are met. el Fund accountlng Restritted funds are to be used for speciflc purposes as laid down by ihe donor. Expenditure which meets these criierla Is charged to the fund. Unresrricied funds are donatlons and other incoming resource5 received or generated for the charitable purposes. Deslgnated funds are unrestrlcted funds earmarked by Ihe trusiees for parilcular purp05e5. 16 Community Llnk5 Bromley Notes to the flnanclal statement5 For ihe ear ended 31 March 2024 l Accounring pollcles (contlnuedl Expendlrure and irrecoverable VAT Expendiiure is recognlsed once ihere Is a le9al or construciive obllgation to make a payment to a third party, it is probable rhat settlemeni will be required and (he amount of tho obligarion can be rnea5ured reliably. Expenditure is classified under the following activity headings. Costs of raising funds felate to the costs incurred by the charitable company in induclng third partles to make voluniary coniribulion5 10 it. as well as the cost of any acilvltie5 wilh a fundraisln9 purposè Expenditure on charitable activities includes the (0515 of provision of space and 5etvices undertaken 10 further the purposes of the chariry and their a550ciaied support costs Oiher expenditure represents those liems not falling inio any oiher heading Irrecoverable VAT Is charged as a cosr again5r ihe activity for which the expenijiture wa5 incurred. gl Allocatlon of support costs Resources expended ale allocated to the parilcular actlvlty where the cost relare5 difectly io that actlvily. However, Ihe cost of overall direciion and admlnlstration of each activity, cornpr151ng the salary and overhead costs of the central funcilon, Is apportloned on ihe basis which are an esiimate, based on staff lime, of the amount airribuiable to each aclivily. h) Operatlng leases Rental charges are char9ed on a straight line basls over the term of the lease. i) Tanglble flxed a55ets Items of equlpment are capitalised where the purchase price exceeds £500. Depreclatlon costs are allocated io actlvitie5 on Ihe basls of the use of ihe related a55ets In Ih05e acilvliles. Assets are revlewed for mpairmeni if clrrurnstance5 Indicale Ihelr carrying value may exceed thelr Det realisable value and value In use. Depreclatlon 15 provlded ai rates calculafed io write down the cost of each asset 10115 esiimated residual value over its expecied useful Ilfe. The depreclatlon rate5 In use are as follows. Database 33.33% on cosi Olflce Equipmeni 33.33% on cost Jl Debtors Trade and other deb(ors are reco9n15ed at ihe settlement amouni due after any Irade discount offered. Prepayments are valued a¢ (he amount prepald nel of any trade discoun15 due. kl Cash at bank and In hand Cash at bank and cash In hand includes cash and short term highly Ilquld Invesiments wilh a short matunty of three month5 or less from the dale of acqu15ilion or openlng of ihe deposii or similar account. Cash balances exclude any funds held on behalf ol servlce users. Communlty Unks 8rornley Notes to the flnanclal 5tatement5 ar ended 31 March 2024 l Accountlng pollcle5 (contlnuedl 11 Credltors and provlslons Creditor5 and provisions are recognised where the charity has a present obllgatlon rÈsulting from a past event that will probably result In the transfer of funds to a third party and the amount due to serrle thè obllgation ran be rnea5ured or e511mafed Teliably. Creditor5 and prov15i0n5 are normally recognlsed at their settlement amouni after allowlng for any trade discounts due. The chariry only has financial assers and financlal liabllities of a kind that qualify as basic nnanclal Instruments. Basic flnanclal instruments are in•tially recognised at transaction value and svb5equenily measured at thelr Settlement value with the exception of bank loans which are subsequenily measured at arnort15ed cost using the effective interest rnethod. m) Pen51ons Employer conifiburions ro employees defined CDntrlbution pen51on schemes are charged to 5iatemefit of Flnanclal Actlvlties durlng ihe year. 2 Income from donatlons and legacles 2024 Total 2023 Toial Vnresiricied Restrlcted VCSE ICP Dlrector Post grant 819 Local TIu5t - Mottlngha SGN Safe and Warm Income Improved Healih and Fitne55 for vcse srafl Income SEL ICS HEE anchor pr09 GLAILondon Plus Communlty Resillence Fund NHS ICS- VCSE One Bro￿leY Comm Innovalion fund 2023 Darrford Partnership Cummunity Fund Capacity Building London Sport TIF London Youth GLA Food Roots Crisis Fund NAVCA Cost of Living Fund National Lotlery COVID Response Fund 83,618 266,827 7,825 7,494 250,000 5.000 42.167 9,200 83.618 266.827 7.825 7.494 250.000 5.000 42.167 9,200 120.000 168.518 11,737 20.000 23.925 1,478 500 13.200 10.000 118.750 672.131 672,131 488,108 3 Income fiom charltable actlvltle5 2024 Total 2023 Total Unrestricted Restrlcted Support io ihe Vol￿nIary Sector Health and Wellbelng Clinical Commissioning Group Suppon services 23.950 10,000 177,153 5.000 2.839 5.000 166,137 163.298 Total Incorne from charitable actiwtits 163.298 7.839 171.137 211 103 Community Links Bromley Nole5 to the nnanclal sralemen15 For the ear ended 31 Maf(h 2024 4 Analysls ol expendliure Ourlng Ihe ye74r Charit ble acilvl Cost ol Information, raising advlce and funds guidance Funding and in¥eslment Volunleerlng 5trlllegic partnershlp Suppori and voice costs 2024 Toial SrJfl costs (Note 61 Siaff iralning and oiher staff costs Accr)unling and independent exam Depreciaiion IT costs Printing, 5iaiionery & Office Expenses Oirect piojecl cosls Renl. Rale5. Insufante & Subsciiption5 Service charges and Telephone Volunieer & Tiusiee meeling 8,933 62.508 81.285 4.6S9 83 76.940 2.590 1.200 11,320 272,119 3.374 10.623 4.923 6,206 740 740 3.552 5,033 1.227 1,227 41.768 225 513.361 3.416 15.IS9 22,742 3.488 11.749 16,237 1.068 1,079 1.000 481 15.137 663 449.618 3,504 1.000 6,613 8,933 7B.308 541.149 37,746 129,894 5J.337 849,367 Support 105lS 2,133 20.802 3.200 6,934 20,268 153,3371 Toial expendllure 2024 11.066 99,110 544,349 44.680 150,162 849,367 Of the toial expenditure, 1107,21 O was unrestricted 12023 £113,986) and 1682.157 was restricted12023 £459.2401. Durlnq the prEvIous ¥Ear harlt Cosi of Informatlon, Funding raising advice and and fund5 guidance Invesimenl Volunteerlng ctlvl Siiaiegic partnership support and vol¢e <0515 2023 Total Srafl cosis INoie 61 Staff irainin9 and oiher stafl cosis Actouniing Independeni exam AdveiiisinglPromoiion Cleanlng Deprpclailon IT c0515 Legal and Piofessional Fees Priniing. Stationery & Office Expenses Dlieci projeci cosis Renl, Rates, Insurance & Subscrlpiion5 Repair5 and MaintenJnce ServicLh charge5 and Telephone Volunieer & Tru51ee meeting Legal lee5 12,010 54.918 30.162 23.887 36,774 24.003 4.602 3,77S 400 4.974 181.774 .377 5,374 1,853 5,964 1,853 11.266 3.140 495 1,667 2,614 75 10,672 2.614 327,790 18,324 35.882 1,097 272.B83 2.417 IB.950 4.138 1,050 389 13.517 501 300 14,567 890 397 97 Toial expendlture 2023 12.030 95.134 305,957 23.887 67.970 68.248 573,226 Suppoil COSIS 5,204 23.7S6 13.047 10.333 15,908 168.2481 Total exptnditvre 2023 17,234 118.890 319.004 34.220 83.878 573,226 Communlty Llnks Bromley NDles io ihe flnanclal statements Nei Incomlng resources for the year Th15 15 siaied after charging I credlilng.. 2024 2023 DeprEc•ation Operaling lease rentals Propertv Independeni eXaMinat￿n 739 1.853 15.000 960 14.494 900 Anatysls of staff costs. iiustee remuneratlon and expen5e5. and the cost of key managemeni personnel Staff cosis were as follows. 2024 2023 Salarles ind wages Social securlly costs Ernployer's contrlbuilon lo defined contribution pension schemes 244.974 l 5.922 8.223 160,855 15,705 5.214 272.719 181.774 No offlployeo earned rnore than £60,000 durin9 the vear12023 nill. The total employee beneflls includlng pension coniribuiions ol ihe key managemenl per50Mel were £ 111.271 12023 £70,154). The charity iiusiee5 were noi paid or ieceivEd any oiher beneflis from employmeni wilh ihe charity in ihe year 12023 £nlll. No charlty tiusiee reteived payrnenl for prole5510nil or oiher servlcts supplied io ihe chariiv 12023 £nlll. No Trustees were made paymonis for reimbuisemeni of iravel and subsisience cosls relaiing 10 allendamf e ai meetings of ihe irustees12023 nlll. Y Staff numbeis Tht avera9e number ol emplt)yees Ihead count based on number of siaif employtdl durln9 the year was as follows 2024 ND. 2023 No. Charltable aciivities Admlnistratio Relaied parry iraniacilons There are no related parlv transactions to disclose For 2024 12023. none). There afe no donation5 from relaied pariies which are ouiside the normal