DoCU8n En¥ek) ID.. 1cF03C7F425>47W1F&AS4FB2I4 REGISTERED COMPANY NUMBER: I)3142604 (England and W¥l¢s) REGisfERED CHARTfY NUMBEIL. 1051753 Year Fded 31 inderford Area ve C.A.N 5 Victoria Street Cinderford GL14 2ET
D0tn Envelop8 ID.. 1CFO3c7F4257DA1FwAFB28I4 CiDderford Area Nei bOuthd D¢velo nt Initiative C.A.N.D.I. f the Finan for the Year Ended 31 March 2025 Rcport of the TnteeS I to 7 Ststement of Financial Activitie5 BBlance Sheet 10 to 11 Notes to the Financial Ststements 12 16 Dctsiled Statcmcnt of Fioancial Activities 17 10 18
OocJJsvJn EnvebJFe ID.. 1cFo3C72S&47DIFmSAFB2(j%814 Cinderford Area Nei Develo ment Initiative C.A.N.D.l. rt of the Trustees r the Year Ended 31 Marth 2025 The Board of Trustees of CtNDERFORD AREA NEIGHBOURHOOD DEVELOPMENT INrrtATtVE (CANDD present their Annual Report. ORIECTIVES AND AcfiviTIES Mission stst¢tllent CANDI spondS to the needs of the Forest of Dean rA)mmunity to empow individuals to develop opportut)ities to the benefit of theowlves and the cOuwty. V•llles CANDI is cotllmitted to ' listening to the needs of the commwiity. including underrepresented groups and learn from them being prepared to grow ideas with the rest of the community supporting each member of the team with their activates aad encourw them to xcept help from each other focusing on the positive and challenge the negative being brave in tying new activitics for the benefit of the community valuing all people regardlass of rncq gender. sexual 0rientstio faith. culmr4 age or disability being happy, a5pifdtional and confident working cooperatively with other agencies to xhievc the best Outco for CiDderford and sUoudillg commuwty. Page I
DocusbJn Ernieknpe ID.. 1cF03C7F-325347tXA41F5A&4FB20814 Cinderford Area Nei Develo ment Initiative C.A.N.D.l. ort of the Tn]stees r the Year Ended 31 March 2025 OBcrIvEs AND ACTivrrtES Aims and Objectives Aims CANDI aspires to be kIll throughout th¢ Forest of Deall as an indyndent orgaDisation which provides support and ilities for thc community lo achieve its p)tential. ' supporting disadvatttage peopk living iti Cinde establishing groups through whicb they Can gain supprt Icarn new skill4 have fim and dcvelop friendships providing people with noD•jud8emcntai sw and gUidCe when they are facing difficulties ID their lives givtng them the optKyrthnity to talk OT signEK¥sting them to specialist org8nisation5 for eXErt advice empower the local community and the individuals within it to overcome problems achieve their spirations help young people to be bealthy, confi(knL r¢sp)nsibl4 r¢siliMt and successful provide supporL a¢tivitie4 opporninitie$ and safe spaces. giving people a voice. not only in the running and management of CANDL iHrt other issues that affect their community and their lives providing volunteering opportunities to Hub users and mcmb¢ts of the local community. This includes face to face work with young people and adults usTrng the hub. n]utIng to the managcm¢nt and administrdlion of th¢ project. Through this involvemcnt they will have the opportunty to take part in training and learn ncw skills Objectives In its Memorandum and Articles of Associatio CANDI'S chlb objectives are To promote any ClribIe purpose for the benefit of the cojnmunities of Cindcrford and swrouDding area in ordcr to relieve poverty and si¢kne&s and to cncournge initiatives and developments within those communllies An the interesl of social welfar¢ with the object of improving the conditions of life of the said ¢ommunitY. CANDI seeks to respond to identified community need4 developin8 work which accords wlth the lIcY and tice of charity, ITJ parthership with others where appr(yriat¢ the Hub for five days a week for cotDmunty activities ilUdIng at Icast the evening sessions for YouthSpac¢ Develop the Management Team to include specialist skills Publle benefrts The Trustees have ref¢rred to the guidan ¢onlained in the Charity Commission's general guidanc¢ on public benefit when reviewing CANDI'S aims and objectives and in planning futu artivities. kn Fwticular. they have considered tK)w planned activities will contribu* to the ainL8 and objectives they have s
Doc#Js¥n Envekge ID: 1CF03C7F-325>47DA41FSAWB209C814 Ci[erf0rd Area Nei Develo ment Initiative Re rt of the Trnstees for the Year E 2025 Adivities tn pursuit of its aims for the publi¢ benefi¢ CANDI have idetttified the following aclivities to fill1b these ambitions. Youthspace Cinderford Anti-50cial behaviour is a problem in the ccntse of C7nderford and CANDI offers a safe spKe free of any judgement or conflicL CANDI offers an opF• to be more constructive with their time while learning skills that can be used in all areas of lives. Currentty. the group operates tivice a week but is seeknng to open rnore frequently possibl¢ with a younger group and dependent on Tecrniting additional voluntee Youthspace DrybTook Problems in Drybrook are different and there is a need to cater for 8 younw wup. Durin8 the year, Youthspace relocated to the Church Hall. and this has opened up ter opportunities 8£tivities for younger cbildren and the group is now open to Years 5 and 6. Accordingly. attendance has irJcre&s¢d from two or three to double figur With more Voluttt we could open on an additional evening CANDI Dance Unfortunately, circulltanCeS have Icad to the discontinuance of this wup. Numbers attending were declining and th¢re was litile scop¢ lo increaye the fees. There was no option lo rethice the tuthrfs fees and volunteers hav¢ not been forthcomill& Al a time wlKn fimding is increasirgty hard to obtsirL CANDI ould not afford to wntinue its subsidy and felt that resources should be directed whcre there was great¢r b¢nefit. It is hoped to rwrrect the group ID fithwe if appmpriat¢ fiumling can be fouTMJ Homewort Club Although this benefjted a handfijl of students. schools were not referrlng those with speciflc education needs. Although support can arrnoged for individuals there is no longer a fixed time slot foi this activity Wornen's Space This is not a fo support group but a community coming together atti]ng women from diverse backgrounds and characteristics and offering friendship and a listening ear. Some women brin8 their owm ideas ftir activities to share whilst others are to chat over coffee and cake. Tr gmup has a working agreement with Gloucestethire Domestic Abllse Supwyt Service Man Cave Monday A srnall group of men met bi-monthly. but there apFtared to be little appetit¢ tn the community despile the offer of bacon butties! ResFK)nding to this feedbacL or lack of IL CANDI 5Wspended this group and will I(M)k at relaunching it if the requirement arises Gardeoing Club Volunteers from the Mwement Team have taken on the projeL* of re-varnpiDg the gardth 8t the rear of the premises. The intention is to provide a saft. calming arca whi¢h can used by all CANDI group5 CANDI Café Monday Lunch Club h&$ been active all yw. MaDned by volunteers who havc obtsined a Food Hygiene Certificate, it pmvides simple f4y)ds at affordable prices. enabling anyone to pop in for refreshment and company. The Monday slot will cofttinue. but the Café will expand its offering to support other u5er5 of the buildin& It is hoFd to recrnit new voluttrers to enable the Cafc to be operating more frequently Page 3
Docu8kJn Envelope ID.. 1CF03C7F-325>47DA41FSW32W14 inderford Area Nei velo me nitiative .ND.I. Re rt of the Trustees Ended 31 March 2025 Senior Lunch Club An initiative arlsing from the community. CANDI sourthl fimding to offer a two course h)nch to eld¢rty members of the collmiunity. including transw)rt for those with mobility issues. Cutrently. the Club is held monthly but it is hoped lo this fortDightly or weekty. The limit to this d&8sre is being able to fom 8 team of voluDteers to COVCT thc additional sessions Mental Health P¢¢r Support Fwiding has been sourced to forni a support wup which will opu ID CODjunction with lornl agencies for the benefit of the local community. A team of trained voluntttts will supp)rt the gTOUP, and w¢rs will b¢ signposted to other orgaDisations as required Pfirtnerships CANDI works with other b(Klies to jointly provide sffvices for thc ben¢fft of the ccrfnmunity. Drybr(MJk Methodist Church provide a room for a Youthspace drop-in Wyldwood Art and Drama come into dropin s¢ssioLs and rull activtties for the yOg and older people and run iDdqxndent prvj¢¢ts. 'tthey also run projects which feed inlo FO5t Celebration events Indepcndence Th]st have an Autism CareTS group which has been active fortnightty for over a year GI0eStershIre Carers offer supFMJt and $igDP05titig Wye Valley R3ver Festival run a LGBTQIA+ group for young people Forest Sensory Services offtr IsSMents for poor vision and bearing Listening Post Counselling Service are using our premix8 to extend their services ID the Forest Aduh Education in Glouc¢stcrshiTe have been offtring various courses aiming to improve the well being of community residents including cookery. zero waste. crealive WTitin& maths and english Glouce5*Tshire Domestic Abuse Support Service offer face to face drOlti sessio. We have a Rut71 Domesti¢ Abuse champion in our own leam Rethink support residcnts ftllto employmcnt whilst wo]king wtth thetr mentsl he41th ' Club Connect is a Chronic pain support group and are now nKeting at CANDI forthightty residents acces$in8 the ftK)d bank The artist in residence at the Dean Heritsge Centre h&8 helpcd us with activities iK>th for children and Women's Space Page 4
D$13n Enveltspe ID.. 1cFO3C7F4257DA4lFpB214 Cinderford Area Nei bourhood Develo ment Initiative C.A.N. rt of the Trnste for the Year En ACHKEVEMENT AND PERFORMANCE What have we achieved thi¥ year. This year we have buih on th¢ foulldations set last year. The grow)s that wttc sct up are now largety self-sufficient and self-fijnding. allowing us to devclop new initLqtives both with our own gmups and in partherthw with external agencies. Governance During the year. CANDI split the me¢tiDgs fw the Board of TNst¢es and Managt Temi. Tn meet quarterty and maintain oversight and stral¢gic direction, whilst delegating day-tolay n7anagement of operdtions to the Management Team. This team is made up of trustecs and volunteers have Specific llwiagement roles, and it enables CANDI to r¢lain the experience and knowle of non*xecutive trustees cannot commit to monthly meetings Funding CANDfs funditig strategy b&8 4 clements which are to. Seek funding ft)r Core costs from charities that give grants ovsy a Dumber of years Apply to local councils and clwities for specific projects 1C datKe. intffest groups and spe¢ifi¢ youth activittes Develop ow company giving scheme. We have onc compony SIgd up •t wesent but will be seeking more Increase in.house rnis1 including rents] incom4 catering profd4 a¢tsvity iDcome and nd-raising events. A small ndraising team has been successful in rnising £41,IX)O this year Buildings I'hanks to th¢ National Lottery. the r¢furbIslncTrt of the frontsge of Market Street Was completed this year and has lifted the look of the premi5e5 completety. Pas%TS-by now know that CANDI is open for busine&% and it looks tnuch more welcoming. ApplilIa are in place for fiw11 futiding to replace the flooring ID the café to complete the oVertUl YouthSpa¢e A grdnt from BBC Children in Need has helped us to develop 8 sUprt progwn ft)r the wellbeing of the young people. tn addition to regular sessions, activities are held during Sch(1 holidays which are for younger children as well. These include Milksh&ke Mondays, Lego Club and Scalextric Community CANDI is becoming knowD in Cinderford not beca¢ of big events but because of being present * local activities. Th¢ caft is open for eV¢Dts like Cindy F¢sL The Pride March and Christmas Ligbts; Women's Space place a Christnw tree in St Stephens Cburch. Sell home-nudc products at other local ¢vents aD4 in conjun¢tion with yspa stsge the Mother Cla&s event at Christi Voluntecr Team We continue to build our team and although progress is slow in tern)s of numbcts, we now have some key people in place. particularly ID the café. The danger is that these excellent people cannot keep providing of thenk8elves without sufferiog from burnouL CANDI could do so much ne with willing volunteers Future The tUre Continues to be brighi. We have a M hardw01Dg team and we wiu continue to l)uild IL We will continue to provide consistently warni and welcoming safe space to everyone in Cinderford and Drybrook. We have a lot of supwrt in the community and within Ii)cai swrt organisations. There ib plenty more to do but there always will be.
Do¢wsNJn Envelope ID.. 1CF03C7F425>470A41FMSAF8209C814 Clnderford Area Nei bourhl Develo ment Initiative C.LN.D.I. ort of the Trustees for the Year Ended 31 M 25 FINANCIAL REVIEW Financial review Gross income from 811 source5 amounted to £52567 (2024- £36.960) with total of £41205 (2024 - £39,566) leaving a SUTpIu8 of £10,362 (2024- deficit £2.606). Restricted funds a¢counted for a surplus of £15,629 (2024 - deficit £1.931) and £92.970 of the restricted fimil8 is beld in fixed assets. £27,353 is held as net CUTrent Jssets which a available for on8oing projects. Unrestricted fimds were £14,103 for th¢ year {2024- £6223). £20 of net currcrrt assets were hehl at the end of the year. Financi#l stsbility Unrestricted income h&8 been higher than lasi year largety from an increase in charitable activities but a150 from regular donations. Expenditure of these fund510s increased mainly from payroll and property Costs noi being Vered by restrithd fundin& resulting in a larger deficit for the year. The sury)hLq from restricted funds ar05e from grants rettived towards thc end of the year, covering the Cost of a nutniKr of projects inthe D¢W year and aL80 providing some core fimdingthw reducing the depletion of the unTestricted funds. Applications for fundingaTC ongoin& and the TnL8tees are confident the new funding streams will provide a stable fllwicial base for the future. Investmemt pow¢rs and pollty CANDI must always ensure that it has Sufficie cath to meet its operational needs but will also obtstn the best possible retutn on all fid5 deposAted with its bankers sbould the opportUDity arise. Cutrently there are no surplus funds. Reserves policy The Board has identified the following reasons to hold reserves: to Provide financial stability to eDabl¢ CANDI to continue to achieve its objectives during challenging trading periods To allow CANDI to take advantage of strategic development OprtunitieS and plan for growth To ¢nabl¢ CANDI to make investment decisions in accordance with the investn%nt policy and enable CANDI io consider opportunistic investsnents which may not k withio the strategic plan. The Trustees have identifiedthe reliance up)n external donors &8 the principal source of fimding &8 a potential risk. CANDI would be io financial fuwicialdifficultyif this fidIng were to be reduced or withdralvm. To address this risL the Ttee% are continualty d¢veloping and implementing plans to geneT8te new sources of income. With the Cwrent level of net CUmDt assets of £27.373 (2024 - £25.334), the Board believes that sufficient fill$ exist to allow the contiTLued operalion of CANDI in the coming year in the ellt of a signifi¢ant thop in fimdin& bul without new sourres of income. there is little scope to take advantsge of any other opportunities for Strategic developmenL The Board will continue to vieW this policy rytarty. FUTURE Atms To ensure that CANDI, by use of int)ovative meaos of engagemen¢ continue to be in toucb with young people and the community. listening to their concern4 aspirations and thinking. To facilitate CANDI Unlimited becoming a hub where local people. organisations and agencies can interact. cwperdte and benefit from each others ideas and activities To offer a wide raDge of flexible oprthunities to volunteer in CANDI and in u)mmunity organisatioos To increase thc level of support and resources to nurture the development of young people's activities To provide a wide range of opportunities for young people and other member5 of the community to make friends and have fun To work with and monitor the 3 year bSInesS plan to supp the achievemettt of CANDI'S obJtIveS Page 6
DocusvJn Envelope ID.. 1CF03C7F425347LM41FMW8209C814 Cinderford Area Nei bourhood Develo mellt Initiative C.LN.D.I. rt of the Trustees for the Year Ended 31 2025 sTRuURE. GOVERNANCE AND MA14ACEMENT STATEMENT OF DISCLOSURE OF INFORMATION TO THE INDEPENDENT EXAMI As far as the Trnstees are aware: there is no relevant information of which the charitable company's 1ndqt exami is unaware the Trustees have taken all steps th* they ought to have tsken to make theelveS aware of any relevant inforn]ation and to establish that the independent examiner is aware of itjfornwtion REFERENCE AIW ADMllYISTRATIVE DETAIIS Registered Company number 03142604 (England and Wal¢s) R¢gistered Cbarfty number 1051753 Reglstered offlee 31 Market Street Cinderford Gloucestersbire GLI4 2RT Trustee5 Rev M Barnsley Thistec and director (resigned 18.11.24) P Radley Trustee and director. Vice chair G SpeatThan Truslee and director. Chair J Abolins Trustee and director R Abolins Tntee and Director, Treasurer. C Stanley Trustee and dir¢¢lor (r¢sigaed 31.5.24) R Bardo Ttwstec and Director G Evans Trustee and DIlOr (resigned 13.524) A Davies Trnstee and dir¢¢tor (appointed 10.9.24) J Sheppard Tntee and director (appointed 11.624) Company S¢cretsry R Abolins Independent Examiner Mrs S F And¢Tson FMAAT SA Accountancy 5 Victoria Street Cinderford Gloucesiershire GL14 2ET 0810712025 Approved by order of the board of trustees on .................... .. .. ond signed on its behalf by: R Abolins- Trustee
Do8an Enveh)pe ID.. 1CF03C7F-325>47cL441FMS4FB2014 Ind ndent Examinevs Re rttotheT Cinderford eaNei bourh Develo ent tniti3tive C.A.N.D.I. Independellt examiner'5 rei)ort ts• the trusttts of Cinderford Area NeiEhlK•urhood D¢vek•pmeDt loitiative (C.kN.D.L) Cthe Company I report to the charity trustees on my exam1ttIOn ofthe accounts of the C(llY for the year etthj 31 March 2025. RponsibilitieS and basis of report As the charity's lrnstees of the Company {aDd its directh for the pryses of cn)panY law) you ate responsiblefor the prepaTation of the aGwut ID accordance with th¢ requireme of the ComFMw'es Act 2006 Oh¢ 2006 Ad). Having sat15fied myself that the CoUnts of the Company arr Dot required to be audited under Part J6 of the 2006 Act and are eligiblefor indepeDdentexaminth1o i r¢port in rw of my exaMiOn0f your charitys accounts as Carried oirt under Section 145 of the Charitie5 Act 2011 {Ihe 2011 Acf). In Carrying out my eXaMion I have followed the Directions given by the Charity Commission under Section 145{5) (b) of the 2011 ACL Independent examiner's statrment I have LW]pleted my examiDalioD. I confirm that DO omtters have come to my atlentyon in c4)nnection with the examination giving me cause to believe: accounting records were not kcpi in Twt of the Cfflipany as required by Section 386 of the 2006 ACL or the accounts do not accord with those records. or the acwunts do not comply with the accounting ffquirements of Seclion 396 of the 2006 Act other thaD any requirement that the a¢counts give a true and fair VI which is not a matt¢r considered &s part of an independent examitION or the 8ccounts have not been prepared in a¢cordance with the meth(th hnd prin¢iple5 of th¢ Statement of Recommended Practice for accounting al reporting by cbarities (applicable to ¢harities preparing their accounts in accordancc with the Financial Reporting Stazthrd applicabl¢ in the UK ond Republic of IreJaDd (FRS 102)). I have no concerns and hav¢ come across no ¢xher matter5 in the examination to which attention should be drawm in this report in order to enable a proper under5tsnding of the accounts to be reached. 4FB553E111C1410.. S F Anderson FFAAAT SA Accountancy S Vi¢toria Street Cinderford Glouc¢stervthir¢ GL14 2ET 0810712025 Page 8
Do¢usn EnvdoFe ID.. 1CF03C7F425>47tX441FSAS4F82m14 Cinderford Area Nei bOuthd Develo ment Initiative C.LN.D.I. Ststement of Fitmncial Activities for the Year Ended 31 March 202 31.325 Tots] 31.324 Total funds fimd fimd Notes INCOME AND ENDOWMENTS FROM Donations and legacies 3.841 41.om 44.885 28.600 Charitable activitses Cafe Youth activiti¢s Community activities 1.815 1.815 1,360 1,555 1,009 485 485 Other tsading aetivtties Investment incorne 4.158 230 4.158 230 4,156 280 Total I lJ23 41,044 51567 36,960 EXPENDrruRE ON Charitable aetfvlties Cafc Youth activities Community activiti Support costs 1.179 3.898 218 11.494 265 6,476 1.427 J3,570 890 23,679 10,374 ,379 29.008 17.514 Totsl 16,789 25,416 42,205 39,566 NET INCOMEI(EXPENDITURE) Tranjfers betWttA funds (5266) 13,147 15,628 {13,147) 10,362 (2,606) io Net movement in funds 7.881 2.481 10,362 (2,606) RECOIYCILiATION OF FUNDS Total funds brought forward 6223 117,841 124,064 126,670 TOTAL FUNDS CARRIED FORWARD 14.104 120,322 134,426 124,064 The n(*e5 foJm of these financial statements Pw9
Docu*n Envelope ID.. 1CF03C7F425M7DA41FM5AFB2l4 Cinderford velo ment Initiative C.A.N.D.l. 31.325 Totsl filnds 31.3.24 Total fimd fimd Notes FIXED ASSE13 Tangibk assets 14,083 970 107.053 98,730 CURRENT ASSETS Debtor5 Cash at and in haThl 436 436 27.720 639 27,889 27,352 804 27,352 2&156 28.528 CREDfTORS Amoujts fallin8 due within one year (783) {783) (3,194) NET cuRREr ASSETS 21 27.352 27.373 25,334 TOTAL ASSETS LESS CURRENT LIABILITIVS 14,104 120,322 l34.426 124,064 NET ASSETS 14,104 120,322 134.426 124,064 FUNDS Unrestricted fim<L8 Restricted funds 10 14.104 120.322 6.223 117,841 TOTAL FUNDS 134,426 124,064 The charitable company is entitled to excmption from audit undu Section 477 of the Comp8ni&8 Act 2006 for the year ended 31 March 2025. Th¢ memlKrs have not required the conwy to obtsin an audit of its fitiancialststrnts for the year ended 31 March 2025 in accordance with Scction 476 of the CoEnpanies Act 2(M)6. The trustees knOW]edge their responsibilities for (a) ensuring that the charitable company keep5 accounting records that compty with Sections 386 attd 387 of the Ci)mpallies Act 2006 and preparing financial statements which give a true and fair view of the siale of affai of the charitable company as at the end of each fiDancialyear and of IL8 surplus or deficitfor each financialyear in accoDlance with the requirements of Sections 394 and 395 and which otherwise compty with the reqllirts of the cleS Act 21x16 relating to financial statement4 so far &8 applicable to the charitable company. (b) The nrtes foTm part of th¢se fll)ancial 5thtaDCDts Po8e io continued...
Dool8n Envelo ID.. 1CFo3C7F425&47DA41F%AFB2014 Cinderford Area Nei Develo ment Initiative bourhl C.A.N.D. Balance Sheet- ¢ontinued 31 March 2025 These fllwicialstatements have been prcpared ID xcordance with the provisioftL8 applicabl¢to tharitable compienies subject to the small companies gic. 0810712025 The financial 5tatemeDts were approved by the Board of Trustees and auth(riseA for i&%ue OD ............................................. and were signed on its behalf by-. SbAnEdty. R Abolins - Trustee The notes fonn pth of the financi mtem¢rt5 Pageii
DO819ft Envelope ID: 1CF03C7F-325>47t)M1FM&4F8209C814 Cinderford Area Nei iK)uthood iative Notes to the Financial Statements for the Y Ended 31 March 202 ACCOUNTING POLICIES Basis of preparing the finaD¢i21 statemtllts The fmancial S¢Mellts of the charitable compwiy. which is a public ixnefrt enlity Under FRS 102, have been prepared in ar¢ordaoc¢ with the Clwities SORP (FRS 102) 'Accounting and R¢porting by Clwitie5: Statent of Recommended Practice applicable to cljarities weparing 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 Stsndard 102'The FinancialReporting Standard applicableiftthe UK and liepublic of Ireland, and the Companies A 2006. The financial statemeDts have been prepared underthe historical Cost conventiOIL Flllancial r¢porting slattdgrd 102- reduced disckA%Dr¢ uemptlo The charitable company h&8 tsken advantage of the following disclosu exemption in prep8rin8 these fu]ancial slatements. &8 pezmitted by FRS 102 The Flnancial Reportsng Stsndard applicabk in the UK and Republic of IT¢land': the requirements of Section 7 Statement of Cash Flow Income All income 18 recognised in the Ststement of Financial Activities once the charity has enutlement to the funds, it is probable that the income will be tY¢eived and the amount can bc measured reliably. Exptndilure Liabililiesar¢ Tecognised &8 eXpd)Ire as s(N)n as there i8 a kgal or CAIntIVe Obligati committing the charity to that exp¢ndittwe. it is probable that a transfer of economic benefits will Ix required in settlement 8nd the amount of the obligation can Ix measured reliably. Expendiwre is accounted for an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly altribud th particular headings they have been all(Kated to activities on a basis consistent with the of resour$. Tan%lble fixed assets Depreciation is provided on all tangible fixed asgets at rates estiti to write each asset down to its estimated residual value evenly over the expected useful life. 8$ follows: Freehold property - over 50 years Equipment - over 4 years Cornput¢r equipm¢nt - over 3 years Furniture, fixtures and fittings . over 5 years Taxatlon The ¢harity 15 exempt from corporntion tax on its cbaritsble tivitI¢$. Fuod accouDtlng Unrestricted fimds can bc used in accordance wtth the charitsble obj¢ctives al the discretion of the Inte¢s. Restricted fimds can only be wed for Particular restri pUr[K) within the objects of the clty. Restrictions arise when specified by the donor or when funds are rdised for particular ratricted purpow. Further explanation of the nature and pwp)se of eath fund is incRwJed in the notes to the finaD¢ial statements. Page 12 continued..
DO8[gn Envelopo ID.. 1CF03C7F.325>470A41FMWB209C814 Cinderford Area Nei Devel ment Initiative C.A.N.D.L Notes to the Financial Statements - continued r the Year Ended 31 Marcb 2025 OThER TRADING AcrivrrIEs 31.3.25 31.3.24 Property letting Sale of goods 3.618 540 4.156 4.158 4.156 INVESTMENT IIYCOME 31.3.25 31.3.24 Bth interest re¢¢ived 230 280 NET INCOMEJ(ExPENDURE) Net incomel(expeDditure) is sthted aftw thargin(credItIngTr. 31.3.25 31.3.24 4.824 3,196 TRUSTEES, REMUNERATION AND BENEFrrs There were no trustccs, remunerntion or otkr benefts for the yw ed 31 March 2025 for the year ended 31 March 2024. Trusteey, expenses There were no trustees, expens paid for the year etmled 31 Matrh 2025 nor for the year ended 31 March 2024. COMPARATIVES FOR ThE STATEMENT OF FINANCIAL AcrNrriES Totsl funds fund rund INCOME AND ENDOWMENTS FROM Donations and legacies 2J¢)O 26,300 28,600 Cbarit*bk adlvliks Cafe Youth activities Community activitie5 230 1.555 1,130 1,360 1.555 Other trading activities Investment income 4.156 4,156 280 Totsl 8,521 2&439 36,960 EXPEIYDITURE ON Page 13 continud..
Do¢us&n Emielope ID: 1CF03C7F425>47DA4lFY&4FB214 Cinderford Area Nei Urh)d Develo ment Initiative C.LN.D.L Notes to the FitLgn¢ial Statements. conti for the Ended 31 March 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIvIs. coutinued Total fimds fimd Ch4rit¥ble artivitiL8 Cafe Youth activities Community activities SupEM)rt costs 402 5.717 157 2.920 1.025 7,853 733 20.759 1.427 13.570 890 23,679 Totsl 9.196 30.370 39,566 ET lT4COMFJxPEND1TuRE) Transfers betweeD funds (675) 1,834 (1.931) (1.834) (2.606) Net movement ID funds 1.159 (3.765) (2,606) RECONCILIATION OF FUNDS Totsl funds btougbt forward 121.606 126,670 TOTAL FUNDS CARRIED FORWARD 117,841 124.064 TANGIBLE FIXED ASSETS Freehold property Plant and machlnery ComwrtEr equipment Totals COST At l April 2024 Additions 110.71KI 412 778 1281 2,244 115.302 13.147 10,125 At 31 Mar¢b 2025 110.7(K) 1.190 13,034 3.525 128.449 DEPRECIATION At l April 2024 Charge for year 15.510 2220 78 170 536 1.630 448 804 16,572 4,824 At 31 Morch 2025 17.730 248 2,166 1,252 21.396 NET BOOK VALUE At 31 March 2025 92.970 942 10,868 2273 107,053 At 31 March 2024 95.190 334 2.373 833 98.730 Page 14 continued...
Docusign Enyeky ID.. ICFO3C7F4257Dm1FslFB209C8l4 Cinderford Area Nei velo ment Initiative C.A.N.D. Note5 to the Financial Statemellts- continued for the ¢ar En March 2025 DEBTORS: AMOUNTS FALLINC DUE IVITHIN ONE YEAR 31.325 31.3.24 Trade debtors 388 251 340 436 639 CRKDITORS: AMOUNTS FALLING DUE WJTHIN ONE YEAR 31.3.25 31.3.24 Trade creditors Social security and other tsxes Pensions Accrued expenses 400 447 61 2,286 315 468 783 3.194 MOVEMENT IN FUNDS Net At 31.3.25 At 1.4.24 in funds Unrestricted fundg General fimd 6223 (5.266) 13,147 14,104 Restricted funds Restricted fund 117,841 15,628 (13,147) 120J22 T(xfAL FUNDS 124,064 IOJ62 134,426 Net movement in fim(18, inchmled in the alx)ve are as follows: Incomin8 resou¢9 Movement Unrestrleted funds 11,523 (16.789) (5266) Restrleted funds Restricted fimd 41,044 (25,416) 15,628 TOTAL FUNDS 52,567 (42,205) 10,362 Page 15 continued...
Docusign Envelop810.. ICF03C7F-325S47DA41Fm5AF8214 Cinderford Area Nei Develo ment Initiative C.LN.D.L Notes to the Financial Ststements- contitwed for the Year Ended 31 March 2025 i(L MOVEMENT IN FUNDS- eonthiued Comparatives for movejnent in fuuds Net movfAnart in funds Trdnsfers At 31.3.24 At 1.423 fimds UDre5tr1¢ted funds General fi]nd (675) 1.834 6223 Restrlct¢d funds Restricted fimd 121,606 (1,931) (1,834) 117,841 TOTAL FUNDS 126,670 (1606) 124.064 Comparntive net movement in funds, included in the above are &$ follows: Incoming r&sources Movement in funds expended Unrestrleted fvnds Generdl nd 8.521 (9,196) (675) Restricted fuD¢b Restricted fund 28.439 (30,370) (1,931) TOTAL FiINDS 36,960 (39.566) (2.606) RELATED PARTY DISCLOSURES There were no related party transactio for the year eD(kd 31 March 2025. Page 16
OotX58vJn EnveW ID.. 1CF03C7F.325M71XA-81FMS4F820K814 Cinderford Area Nei Develo ment Initiative )urh¢yxJ C.LN.D.L iled Statement of Fitwicial Activities for the Year Ended 31 March 2 25 31.325 31.3.24 INCOME AND ENDOWME Donations and legacies Public body ndIng IA)cal church fjmding ClrItable trw8t Donations B%)nesS funding 19J74 1,530 20.440 1.941 7,455 1,500 18,345 800 500 44,885 28.600 Other tradkng 8etivitie8 Property lettin8 Sale of goods 3,618 4.156 4.158 4,156 Investment income Bank Inter received 230 280 Choritabk adivlties Cafe Youth •ctivtties Community activities 1,815 1.360 1,555 485 3,294 3,924 Total Ineomlng rre¢S 52,567 36.960 EXPENDITURE Cbarltabk a¢¢fvltle$ Cafe Youth activities Community activitie$ 1.427 13,570 890 10,374 1,379 13,197 15,887 Support costs Management Gov¢rn8n¢e Personnel costs Property services Carried fonvard 333 13,592 3,766 17.691 15,750 4,764 20,798 This page d¢Ks not form part of the statutory finaocial staten Page 17
Dos3n Envow ID.. 1CF03C7F4257DMlFfjhFB209c814 Cinderford Area Nei Develo tnent Initiative bourb(K C.LN.D.L Detailed Statement of Financial Activities ear Ended 31 March 2025 31.325 31.3.24 Management Brought fonvard Pmperty maintenance Office Costs and administration Freehold property Plant and machinery Fixtures and fittiD8S comrter equipment 20,798 951 2,435 2220 170 1,630 804 17.691 378 2.414 2220 72 509 395 29,008 23,679 Totsl resources expeDded 42,205 39.566 Net Ineomel(eip¢ndtture) 10.362 {2,606) This page d(tt not fo part of the statstory financial statem Page 18