REGISTERED COMPANY NUMBER: 03142604 (England and Wales) REGISTERED CIIARrrY NUMBER: 1051753 rt of the T tees and na dited Financial tatements forthey E ded l March 2024 Cind¢rfoTd Area Nei Develo ent Initiative bourhood .N.D.I. SA Accountancy 5 Victoria Street Cinderford Gloucestershir¢ GL14 2ET
Cinderford Area Nei Develo ment Initiative bourbood C.A.N.D.I. Contents of the Financial Staterne for the Year Ended 31 M ch 2024 Page Report of the Trustees Statement of Trustecs. Responsibilities tndependent Examinevs Report Statement of Financial Activities Balance Sheet 9 to 10 Notes to the Financial Statements 11 to 15 Detailed Statement of Financial Activities 16 to 17
Cinderford Area Nei Develo rneTht Initiative bourbood C.A.N.D.I. of tkne TTI]Stees for th¢ Year Elld¢d 31 March 2024 The Board of Trustees of CtNDERFORD AREA NEIGHBOURHOOD DEVELOPMENf INITtATIVE (CANDD present their Annual Report. OBJEcfivES AIYD AcfiviTIES Mission statement CANDI responds to the ne¢ds of the Forest of Dean community to empower individuals to develop opportiltieS to the benefit of themselves and the community. Values CANDI is committed to listening to the needs of the community, including underrepresented 0up& and learn from them being prepared to grow ideas with the rest of the community supporting each member of the team with their activates and encourdge them to accept help from each other focusing on the positive and challenge the negative being brave in tying new activities for the benefit of the community valuing all people regardless of race, gender, sexual Orientatio fait culture, age OT disability being happy, aspirational and confident working cooperatively with other agencies to achieve the best outcomes for Cinderford and surrounding community. Aims and Objectives Airns In its Memorandum and Articles of Association, CANDfs charitable objettives are Yo promote any charitable purpose for the benefit of the communities of Cinderford and surrounding area in order to relieve povety and sickness and to encourage initiatives and developments within those conununities in the interest of social welfare with th¢ object of improving the conditlons of life of the said community,. In broader ternis, CANDI &8pires to be known throughout the Forest of Dean &8 an independent Organisation which provides support and facilities for the community to achieve its POtentiaI. empower the local community and the individuals within it to overcome problems and achieve their aspirations help young people to be healthy, confidenl responsible, resilient and SUfUl provide support activities, opporttmities and safe spaces. Objectives CANDI seeks to offer young people and other members of the community a safe place and constsuctive activities offer young people and other members of the conununity the opportunity to participate in decision making encourage local people to take responsibility for their local community and develop their talents and skills offer support. advice and encouragement be flexible in Its approach to working with young people and the community, enabling them to grow at a pace comfortable to them respond to identified community needs, developing work which aOrts with the policy and practic¢ of harity, in partnership with others where appropriate. Page I
Cind¢rford Ar¢a N¢1 Develo ment Initiative bourhood CA.N.D.I. ort of the Tntstees for the Year Ended 31 March 2024 OBJECTIVES AND A1VITIEs Public benefits The Trustees hav¢ referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing CANDI'S atms and objectives and in planning future activities. In particular, they have considered how planned activities will contribute to th¢ airns and objectives they have set. Aetivitles In pursuit of its aims for the public benefiL CANDI have identified the following artivities to fi]rther these ambitions. Youthspace Ke¢ping young people distracted from anti-social behaviour and giving them the chance to be more onstructive with their time while learning skills that can be used in all areas of their lives, is what CANDI does three evenings a week - two in CinderfoTd and one in Drybrook CANDI Dance CANDI Dance runs two sessions a week in Cinderford and Drybrook. The cost of sessions is subsidised so that young people are able to attend. CANDI Cafe Whilst operating the Lunch Club, it will expand its offering to support other ser$ of the building. Women's Space This is an opportunity for women to meet in the cafe and chat over coffee and cake. This is not a fornial support group but a community coming together. Some activities are aranged but women often bring their own ideas. Man Cave Monday A fledgling group meeting monthly but expendmg to bi-monthly. Homework Club Young people can come straight from h0o1 and bave space and assistance with their homework. This is held in Cinderford every Tuesday afternoon. Lunch Club In conjunction with Forest of Dean Council, a Monday Lunch Club has been active all year. Manned by volunteers who have obtained a Food Hygiene Certificate, it provides simple foods at affordable prices enabling anyone to pop in for refreshment and company. Conununity Activities The building is available for local groups to use for their meetings. Partnershlps CANDI works with other bodies t() jointly provide services for the benefit of the community. Drybrook Methodist Church provide a room for a Youthspace dropin Wyldwood Art and Drama come into dTOP-in sessions and nm activitie5 for the young people Artspace have been doing the same for Women's Space Independence TnLSt have an Autism Carers group Glouce5t¢rshire Carers offer support and signwsting Wye Valley River Festival run a LGBTQIA+ group for young people Forest Sensory Services offer assessments for poor vision and hearing Page 2
Cinderford Area Nei Develo ment Initiative bourhood CA.N.D.I. ort of the Tr5 for the Year Ended 31 March 2024 ACHIEVEMENT AND PERFORWCE What have we aehieved this year? We have achieved an incredible amount this year. We have stayed open and consistently run three Yourtljspace sessions a week for the whole year. In addition, we have reviewed our provisio have a clear strategy of what more we want to achieve, and have started planning how we are going to get there. This has be¢n a year of firn]ing up our foundations to allow us to stride forward confidently and competently. Youth activities We have continued to run three Youthspace sessions but have also been developing our provision. In Cinderford, two sessional youth workers Organise activities to complement the dropin ethos. tn DrybrooK there was a need to cater for younger people, so we are now open to Year 6. As they become year 7 next year, we will adapt accordingly with the possibility of an additional session. Management Team Although we have appointed new trustees, a number have reSied. Beca of work pressures. they felt that they could not devote the time to CANDI that it deserved The Board has reorganised its structure so that tnLStees will meet quarterly and maintain oversight and strategic direction, whilst delegating day-to4ay management lo the Management Team. This team is made up of trustees and voluntsers who can spare sufficient time and it will enable CANDI to retain the experience and knowledge of non-executive trustees. Volunteer Team We continue to build our team. We have learned that last year that we need quality above quantity and that it takes time to develop volunteers confidence and skills. The appointment of a Community Project Co-ordinator has proved succ¢ssful in this regard. and we need to obtsin more funding to maintain and extend this role.. Funding Our strategy feeds into our fundraising plan. We have been successfijl in accessing funding from trusts and parish, town, district and county councils. We have raised over £28,000 from these sources. There are many unexplored sources to Consider, but we do need to build our fijndraising team. Building Following the refijrbishment of Market StreeL the upstairs is available for Homework Club and for hire to other groups. National Lottery has donated funds to restore the shop front and this should be comple*d over the summer of 2024. Further funding is required to develop the dOstairS into a much more use1 space. Our space in Drybrook is being better used having opened up to Year 6 and we are Wdteful to Drybrook Methodist Church for their continuing support in providing the rooms. Connections We all continue to connect to people and local and national organisations that can support and enhaTJce our offer to young people and the wider community. We are lucky to be small enough to be flexible and to make the most of opportunities when they Present e.g. Forest Sensory Services and Gloucestershire Carers Future The future is bright. We have a greaL hardworkuig team and we will continue to build it. We will continue to provide consistently warni and welcoming safe space to everyone in Cinderford and Drybrook. We have a lot of support in the commiinity and within local support organisations. There is plenty more to do but there a]ways will be. Fundrnising getivities Analysis h&$ been made of all in¢ome genetatii)n in order to identify the potential to incre&8e and diversify income in the ture. This is an on going exercise. Page 3
Cinderford Area ei Develo ment Initiative bourhood C.A.N.D.l. ort of the Trustees for the Year Ended 31 March 2024 FINANCIAL REVIEW Financial review Gross income from all sources amounted to £36,960 (2023 - £39,365) with total expenditure of £39,566 (2023 - £26,976) leaving a deficit of £2.606 (2023 - SUTplus £12,389). Restricted fimds accounted for a deficit of £1,931 (2023 - surplus £18267) and £95,190 of the restricted funds is held in fixed assets. £22.651 is held as net CUTrent assets which are available for ongoing projects. Unrestricted funds were £6,223 for the year (2023 - £5,064). £2,683 of net CUTreDt &wts were held at the end of the year and is available for the operation of CANDI in the coming year. Financial stability Unrestricted income has been higber than l> year largely from the increase in room hire but also from a small but increasing flow of regulat donations - a funding stream which we intend to develop. Expenditure of these fimds has been managed well, as in the previous year, resulting in a smaller deficit for the year. The value of restricted fimds was less but it paves the way for a number of projects in the new year. Already fundin8 has been a¢quired to continue our work and the Trustees are confident that new fLmding streams will provide a stable fmancial base for the future. Investment powers and policy CANDI must always ensure that it has sufficient Cash to meet its operational needs but will also obtain the best possible retLwn on all fLmds deposited with its bankers should the opportunity arise. Currently there are no SUTplus funds. Reserves policy The Board has identified the following reasons to hold reserves: to provide financial stability to enable CANDI to continue to achieve its objectives during Challenging trading periods To allow CANDI to take advantage of strategic development opporninities and plan for fijture gro To enable CANDI to make investment decisions in accordance with the invesljnenl policy and enable CANDI to ¢onsider opportunistic investments which may not be within the strategic plan. The Trustees have identified the reliance upon external donors as the principal source of funding as a potential risk. CANDI would be in fmancial financial difficulty if this fimding were to be reduced or withdrawn. To address this risk, the Trustees are continually developing and implementing plans to generate new sources of income. With the current level of net current assets of £25,334 (2023 - £26,578), the Board believes that sufficient fijnds exist to allow the continued operation of CANDI in the coming year in the event of a significant drop in funding, but, without new sources of income, there is little scope to take advantage of any other opportunities for strategic development. The Board will continue to review this policy regularly. FUTURE AIMS To ensure that CANDI, by use of iDnovative means of engagemenL continue to be in touch with young people and the community, listening to their concerns, &spirntions and thinking. To facilitate CANDI Unlimited becoming a hub where Iocal people, organiwions and agencies can interact , cooperdte and benefit from each others ide&8 and tiVitIeS To offer a wide range of flexible opportunities to volunteer in CANDI and in conununity organisations To increase the level of support and resources to nurtte the development of young people's activities To provide a wide range of opportunities for young people and other members of the community to make friends and have fun To work with and monitor the 3 year business plan to support the achievement of CANDI'S objectives Page 4
Cinderford.Ar Nei Develo ment Ini ve ourhood .[. Re ort of the Trustees for the Y Ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT STATEMENT OF DISCLOSURE OF tNFORMATION TO THE [NDEPEND EXAMINER As far the Trustees are awdre: . there is no relevant ithrmatioll of 1¢h the clwitablc companys indwdent examine¥ is unavrdre the TtseS have taken aIl steps that ought to have taken to make then1V¢S awdre of any rel¢vant inforn]ation and to establish that the IndePdent exami is aware of that info[MlOtt REFERENCE AND ADMINISTRATIVE DETAIiS Registered Company number 03142604 (England and Wales) Registered CbArlty Dumber 1051753 Register¢d offl¢e 31 Market Streel Cinderford Gloucestershire GL14 2RT Trustees Rev M Barnsley Trustee and director P Radley Tnistse and director. Vice chair G Spearnian Trusttt and director. Chair Rev D Harsreaves Trustee and director (resigDe4J 19.7.23) J Abolins Trustee and director (apinted 12.3.24) R Abolins Trustee and Director. Treasurer. S Richards Trustee and director (appointed 26.4.23} (resi 19.7.23) C Stanley Tnthe and director (appointed 26.4.23) {resigned 31.5.24) L Tuck Trustee and director (ffsigne4120.12.23) R Bardo Trustee and Dire¢tor (appointed 23.7.23) G Evans Trustee and Dtr¢thr (appointed 14.11.23) (reslgncd 13.5.24) Company Se¢r¢tsry R Abolins In4l¢pelldellt Examiuer Mrs S F Anderson FMAAT SA Arcountsncy 5 Victoria Street Cind¢rford Gloucestershire GL14 2ET q J£y a•Z and $id on its behaifby.. Approved by order of the ix)ard of tTUStees on ............. ....... R Abolins - Pagc 5
Cinderford Area Nei Develo ment Initiative bourhood C.A.N.D.I. Statement of Trustees, Res ODsibilitie for the Year Ended 31 March 2024 The trustees (who are also the directors of Cinderford Area Neighbourhood Development Initiative (C.A.N.D.I.) for the Putposes of company law) are responsible for preparing the R¢port of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trSte¢S to prepare fuwicial statements for each fiJw)cial year which give a ttve and fair view of the state of affairs of the charitsble company and of the incoming resources and application of resources, includillg the income and expenditure, of th¢ charitable company for that period. In preparing those fmancial statements, the trustees are required to select Suitable accounting policies and then apply them consistently. observe the methods and principles in the Charity SORP. make judgements and estimates that are reasonable and prudent: prepare the financial statements on the going concern basis unless it is Inappropriate to presume that the charitabl¢ company will continue in business. The trnstees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to 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 th¢ prevention and detection of fraud and other irregularities. Page 6
Inde endent Examinerfs Re ort to the Tnee5 of Cinderford Area Nei bourhood Develo ment Initiative C.A.N.D.l. Independent examiner's report to the trusteu of Cinderford Area NeighlM)urho(Ml Development Initiative (C.A.N.D.I.) ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purpos¢s of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (the 2006 Act,). Having satisfied myself that the aOUnts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examinatio I report in respect of my examination of your charity's accounts &s ¢Tled out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 201 l Act. Independent examiner's ststement I have conkpleted my examination. I confArnI that no matter5 have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act. or the accounts do not accord with those recor(Ls' or the accounts do not comply with the ac¢ounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accountlng and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to whi¢h attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mrs S F Anderson FMAAT SA Accountancy 5 Victoria Street Cinderford Gloucestershire GL14 2ET 23 August 2024 Page 7
Cinderford Area Nei Develo ment tnitiative bourhood C.A.N.D.I. Statement of Financial Activities for the Year Ended 31 Match 2024 31.3.24 Total filllds 31.3.23 Total funds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2,300 26,300 28.600 37,965 Charitable activities Cafe Dance Youthspace Womens space 230 1,533 22 1.130 1,360 1,533 22 1,009 50 1,191 1,009 Other trdding activities Investment income 4,156 280 4,156 280 120 39 Total 8,521 28,439 36,960 39,365 EXPENDITURE ON Charitable activitles Cafe Dance Youthspaee Womens space Homework Club Support costs Lunch club Gardening Club 402 3,806 402 4,712 8,138 840 720 23,679 1,025 50 169 6,129 11,604 135 406 8,533 906 6,227 733 720 20,759 1,025 107 2,920 50 Totsl 9,196 30,370 39,566 26,976 NET INCOMEI(EXPENDITURE) Transfers betiveen (unds (675) 1,834 (1,931) (1,834) (2,606) 12,389 io Net movement in funds 1,159 (3,765) (2,606) 12,389 RECONCILIATION OF FUNDS Total funds brought forward 5,064 121,606 126,670 114,281 TOTAL FUNDS CARRIED FORWARD 6,223 117,841 124,064 126,670 The notes fonn part of these financia] statements Page 8
Cinderford Area Nei Develo ment Initiative bourhood C.A.N.D.I. Balance Sbeet 31 March 2024 31.3.24 Total funds 31.3.23 Total fitnds Unrestricted fund Restrict¢d fimd Notes FIXED ASSETS Tangible assets 3,540 95,190 98,730 100,092 CURREiYf ASSETS Debtors Cash in hand 639 5.238 639 27,889 7,856 20,929 22,651 5,877 22,651 28,528 28,785 CREDITORS Amounts falling due within one year (3,194) (3.194) (2,207) NET CURRELYf ASSETS 2,683 22.651 25,334 26,578 TOTAL ASSETS LESS CURRENT LIABILITIES 6.223 117,841 124,064 126,670 NET ASSETS 6,223 117,841 124,064 126,670 FUNDS UDrestricted ndS Restricted funds io 6,223 117,841 5,064 121,606 TOTAL FUNDS 124,064 126,670 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The Members have not required the company to obtain an audit of its fffiaDcial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge theii responsibilities for (a) ensuring that the ¢haritable company keeps accounting recor(ts that comply with Sections 386 and 387 of the Companies Act 2006 and preparing fmancial statements which give a tme and fair view of the state of affairs of the charitable company as at the end of each fmancial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otheTwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) The notes forni part of these financial statements Page 9 continued...
evelo Initiative J. Balan 31 March 2024 These financial statements have beel) prepared in accor with thc provisions applicable to clwitable companies subject to the small companies Tcgime. The financial Statem were approved by the Board of TnLStee5 and authorised for ATe on ............................................. and were signed OD its behalf by.. Abolins. Tn The notes forni part of thc5e finwial statemcllts Page 10
Cinderford Area Nei Develo ment Initiative bourhood C.A.N.D.I. Notes to eF for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of prep8ring the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in aOrdanCe with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The fmancial statements have been prepared under the historical cost convention. Financial reporting standard 102- reduced disclosure exemptions The charitable company has taken advantage of the following disclosure exemption in preparing these financjal statements, as perniitted by FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Statement of C&sh Flows. Income All income is reCOlsed in the Statement of Financial Activities once the charity has entitlement to the fimds, xt is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expendikn as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is Probable that a transfer of economic benefits will be required in settlem¢nt and thc amount of th¢ obligation can be measured reliably. Expendire is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided on all tangible fixed assets at rates estimated to write each asset down to its estimated residual value evenly over the expected useful life, as follows.. Freehold property Equipment Computer equipment Furniture, fixtures and fjttings - over 50 years - over 4 years over 3 years - over 5 years Taxation The charity is exempt from corporation tsx on its charitable activiti&s. Fund aceountittg Uwestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when fijnds are raised for particular restricted purpos¢s. Further explanation of the nattwe and pun)ose of each fund is included in the notes to the financial statements. Pagell continued...
Cinderford Area Nei Develo ment tnitiative bourhood C.A.N.D.I. Notes to the Financial Statements - continued for the Year Ended 31 March 2024 OTHER TRADING AcfiviTtES 31.3.24 31.3.23 Propety letting 4,156 120 INVESTMENT IIYCOME 31.3.24 31.3.23 Bat& intercst received 280 39 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after ChargIn(credItIng). 31.3.24 31.3.23 Depreciation - owned assets 3,196 2,306 TRUSTEES, REMUNERATION AND BENEFITS There were no ttustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. COMPARATIVES FOR THE STATEMENT OF FJNANCIAL A1VITIEs Unrestricted fund Restricted fimd Total funds INCOME AND ENDOWMENTS FROM Donations and lega¢ies 2,505 35,460 37,965 Charitable activities Cafe Dance 50 1.191 50 1,191 Other trading activities Investment income 120 39 120 39 Total 3,905 35,460 39,365 EXPENDITURE ON Charltable actlvities Cafe Dance Youthspace Womens space 169 3.196 1.746 135 169 6,129 11,604 135 2,933 9,858 Page 12 continued...
Cinderford Area Nei Develo ment Initiative bowhood C.A.N.D.l. Notes to the Financial Statetnents - continued for the Year Ended 31 March 2024 COMPARATIVES FOR THE STATEMENf OF FINANCIAL AcrtVlTIES- continued Unrestricted Restricted fimd fimd Total funds Homework Club Support costs 406 3,996 406 8,533 4,537 Total 9,783 17.193 26,976 NET INCOMW(EXPENDITURE) Transfers between funds (5,878) 2,525 18,267 (2,525) 12,389 Net movement in funds (3,353) 15,742 12,389 RECONCILIATION OF FUNDS Total funds brought forward 8,417 105,864 114,281 TOTAL FUNDS CARRIED FORWARD 5,064 121,606 126,670 TANGIBLE FIXED ASSETS Fixtures Freehold property Plant and machinery Computer equipment fittings Totals COST At l April 2023 Additions 110,700 243 169 1,659 1,250 866 415 113,468 1,834 At 31 March 2024 110,700 412 2,909 1,281 115,302 DEPRECIATION At l April 2023 Charge for year 13,290 2,220 27 509 53 395 13.376 3,196 72 At 31 March 2024 15,510 78 536 448 16,572 NET BOOK VALUE At 31 March 2024 95,190 334 2,373 833 98,730 At 31 March 2023 97,410 237 1,632 813 100,092 Page 13 continued...
Cinderford Area Nei D¢velo m¢nt Initiative bourhood C.A.N.D.I. Notes to the Financial Statements - continued for the Year Ended 31 March 2024 DEBTORS: AMOUNTS FALLING DUE wfnilly ONE YEAR 31.3.24 31.3.23 Trade debtors Prepayments 388 251 7,856 639 7,856 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade creditors Social security and other taxes Pensions Ac¢Tued expenses 400 447 61 2.286 2,207 3.194 2,207 io. MOVEMENT IN FUNDS Net movement in fiu)ds Transfers beeen funds At 31.3.24 At 1.4.23 Unrestricted funds General fiLnd 5.064 (675) 1,834 6,223 Restrlcted funds Restricted fund 121,606 (1,931) (1,834) 117,841 TOTAL FUNDS 126,670 (2,606) 124,064 Net movement in funds. included in the above are as follows: Incoming resources Resources exp¢nded Movement in funds urtrICted fund$ General fund 8,521 (9,196) (675) Restricted funds Restricted fund 28,439 (30,370) (1,931) TOTAL FUNDS 36,960 (39,566} (2.606) Page 14 continued...
Cinderford Area Nei Develo ment Initiative bourhood C.A.N.D.l. Notes to the Financial Statements - continued for the Year Ended 31 March 2024 io. MOVEMENf IN FUNDS - Continued Comparatives for movement in funds Net movement ID funds Transfers between At 31.3.23 At 1.4.22 Unrestricted funds General fund 8,417 (5,878) 2,525 5,064 Restricted funds Restricted fimd 105,864 18,267 (2,525) 121,606 TOTAL FUNDS 114,281 12,389 126,670 Comparative net movement in fimds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 3,905 (9,783) (5,878) Restricted funds RestriGt¢d fund 35,460 (17,193) 18,267 TOTAL FUNDS 39,365 (26,976) 12,389 ii. RELA TED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2024. Page 15
Cinderford Area Nei Develo ment Initiativ¢ bourhood C.A.N.D.I. Detail¢d Ststement of Financial Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donations and legaeles Public body funding Local church fimding Charitable trust grants DonatLons 7,455 1,500 18,345 1,300 16.220 1,560 20,000 185 28,600 37.965 Other trading activltles Property letting 4,156 120 Investment income Bank interest received 280 39 Ch8ritable aetlvltles Cafe Dance Youthspaee Womens space 1,360 1,533 22 1,009 50 1,191 3,924 1,241 Total ineomlng resources 36,960 39,365 EXPENDITURE Charitable aetlvities Cafe Youthspa¢e Dance Womens space Homework club Gardening club Lunch club 402 8,138 4,712 840 720 50 1,025 169 11,604 6.129 135 406 15,887 18,443 Support costs Management Governance Personnel costs Carried forward 333 13,592 13,925 253 150 403 This page does not forni part of the statutory financial statements Page 16
Cinderford Area Nei Develo ment Initiative bourhood C.A.N.D.l. Detailed Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 Management Brought forward Propety services Propety maintenance Equipment and computer costs OfFice costs and administration Freehold property Plant and machinery Fixtures and fittings Computer equipment 13,925 403 1,726 1,201 187 2,710 2,220 378 768 1,646 2,220 72 509 395 27 53 23,679 8,533 Total resources expended 39,566 26,976 Net (expenditure)lincome (2,606) 12,389 This page does not forni part of the statutory financial statements Page 17