CAPITAL TRAINING AND DEVELOPMENT NETWORK (A COfvIPANY LIMITED BY GUARANTEE) REGISTERED NUMBER.. 03769095 CHARITY NUMBER: 1079736 TRUSTEE'S REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR 31 MARCF12024 CAPITAL TIL4INILNG AND DEVELoP￿[ENT NETWORK INDEX TO THE FIYL ANCIAL sTATE￿IENTs FOR THE YEAR EENDED 31 NIARCH 2024 Contents Page Report of the Trustee 3to4 Independeiit Examiner's Report to the Trustee Statement of Financial Activities Balance Sheet Notes to the Finuncial Statements 8t09 Detailed Statement of Financlal Activities 10 to 11 CAPITAL TRAININC AND DEVELOPMENT NETWORK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The truqtees, who is al80 the director of the charity for the purposes of the Companies Act 2006, present5 his report with the unaudited tinancial slaletnenls of the charity for the year ended 31 March 2024 Company Number.. 03769095 Charity Number: 1079736 Principal Office 9 Deptford Church Street London SE8 4RX Director and Trustee The Director of th¢ chariiable company 15 the Trutytee for the putyoses of charity law. The following Director and Trustee served during the year: Rev'd Joseph Oladosu Independent Examiner: PEGASUS CONSUL TANTS(UK) A CCOUNTANTS AND MANAGEMENT CONSUL TANTS Objectives and activities CTDN caries out a number of capacity building training. Other activities include leading and facilitating partnerships. Quarterly meetings. CTDN represents the interest of ils members al Life long Learning Forum, Local Strategic Partnership meetings and pan London initiatives. CTDN monitors the activities of its members by periodic visits. Risk MAn&gemenl The trustees have conducted a review of the major risks which the Charity is exposed. A risk register has been ebtabli8hed wliich identifies the major risk5 by area of activity, the nature of those risks, the likelihood ot the risks. happening and the measures iaken lo manage them. The trustees review the ri%k r¢¥ister regularly al their meetings and are satl5fied that Systems are in place to manage the risks that may have b¢¢n identified. In particular. insurance cover is in place and the tinance5 ot" the Charity are kept under review. Appropriate Disclosure & Barring Service check {DBS) training undertaken. and regular reviewed policies are done for all those who work with children or other vulnerable groups with the Charity. Sirn¢ttJre, governance and management The organisalion is charitable company limited by guarantee, incorporated on 12th May 1999 and registered as a charity on 08th March 2000. CAPITAL T1141NI ING AND DEVELOPfvIENT NETWORK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 fvIARCH 2024 The Trustees is r¢%ponsible for keeping proper accounting reLords thai di%LIose with reasonable accuracy al any tiine Ilie tinanLicil po%ilion of the charity and 10 enable them lo ensure that tlie financial slalemenls comply with the Companies Act 2006. The Trustee 1% al%0 responsible for safeguarding Ilie a%'%ets of the charity and hence taking reasonable 8tep5 for the prevention and detection of fraud and other irregularities The above report ha% been prepared in aL¢ordance with the proviqions applicable to conipanies subject lo the qmall companie.% reg7ime ab bel out in Pari 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 10?) Approved by order ot the board of trustees and signed by il's trustee by.. Signed............... Rev'd Josepli Olados For Truglee% CAPITAL Tii41.NING AND DEVELOPl￿[E￿I T NETWORK t¥DEPENDENI' EXATrIILYER'S REPORT TO THE TRUSTEE OF CAPITAL TRAINILYG AND DEVELOPMI ENT LNETWORK FOR THE YEAR ENDED 31 fvIARCH 2024 I report on the financial statements for the year ended 31 March 20?4, which are set out on pabyes 5 to 10. RESPECTIVE RESPONSIBILITIES Ob THE TRUSTEES AND THE EXAMINERS The charity's trustee is responsible for the preparation of the financial slatemenls. The Charity's I￿stee con.4ider that an audit is not required tor Ihiq year under Section 144 {2) of the Charities Act 2011 (the 20 I l Act) and Ilial an independent examiiiation is requir¢d. The Chariiy'g gross income does not exceed £250,000 and l am qualitied lo undertake the examination by being a qualified member of IFA. BASIS OF INDEPENDEI%T EXAIWIINERS, REPORT My examiiialion was carried out in aLLordanL¢ with IliL General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by Il)e Charity and a comparison of tlie financial 8tateiiient% pre%ented with Iliose records. It also includes ¢onsideration of any unusual items or disclosures in the financial siaiemenl%, and seekingy explanations from you as Iru.slee% concerning any %ULli matter%. The procedures undertaken do not provide all rhe evidence that would be required in an audit and, con%equenily, no opinion ib given as to wlieiher the finanLial %tatemLnlb present a Irue and fair view; and the report is liniited to those matters set out iii the statements below. INDEPELYDENT EXALWIIIYER'S STATEIWIENT In connection with my examination, no maller haq come lo my alteiilion.. { l ) Which gives me reasonable caus¥ lo believe that, in any rnaterial re4pecl, the requirements which accord with the aLuounting record.s and lo coniply with the aLcounlin¥ requirements of the 201 l Act have not been met; or (2) To which, in my opinion, attention should be drawn in order lo enable a proper understanding of the financial statements lo be reached. Signed.... Gregory Patrick Udeh, B.Sc. (Hons), AFA, FTA, ACCA(PQ), RTrIN PEGASUS CONSUL TAVTS{UK) ACCOuNT￿¥Ts AND hLiVAGEMENT CONSUL TANTS 13E GRENFELL ROAD MITCHAM SURREY CR4 2BZ CAPITAL TIL4INING AND DEVELOPIMENT NETWORK STATEIWIENT OF FINAf4CIAL ACTIVITIES FOR THE YEAR ENDED 31 fvIARCH 2024 2024 2023 Notes Income Resources Incoming Re%ources from Generated Funds 52,354 14,600 Resources Expended Adminisirative 47,119 31,106 Total Resources Expended 47,Il9 31,106 NET INCOLVIING RESOURCES 5,235 {16,506) RECONCILIATION OF FUNDS Total Fiinds Balallces blfwd 8.000 24,506 Total Funds Balances clfwd 13.235 8.000 CAPITAL TRAINIYL G AND DEVELOPLWIENT NETWORK BALANCE SHEET AS AT 31 TrIARCH 2024 2023 Notes FIXED ASSETS Taiigible Ass¢ts 3.750 5,000 CURRENT ASSETS Caè+h al b been classified under heads that aggregate all costs related to the category. Where co.515 cannot be directly attributed 10 pani¢ular headings, they have been allocaied lo activities on a basis consi8lenl with their origin. Grants otyered subje¢l lo conditions which have not been met al the year end date are noted as commitments but not a¢cnLed a.4 expenditure. Taxation The Charity is exempt from lax on it4 charitable activities, Fund A¢¢ounting Unrestrict¢d ￿ndS can be used in accordance with the charitable objeclives at the discretion of the trustee. 2. INCOME: GRANTS & OTHER INCOME 2024 2023 Grants and Other Income 52,354 52,354 14,600 14,600 3. STAFF COSTS Wages and Salaries Staff Training 12,574 3,656 16,230 5,225 1,620 6,845 CAPITAL TRAINING AND DEVELOPLVIENT NETWORK NOTES TO THE FIINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 4. TAL¥GIBLE FIXED ASSETS Total Equipment COST/VALUATION Balance at l April 2023 Additions during the year Balance at 31 March 2024 97.488 97,488 97,488 97,488 DEPRECIATION Balance at l April 2023 Charged for the year Balance at 31 March 2024 92,488 1,250 93,738 92,488 1,250 93,738 NET BOOK VALUE Balance at 31 March 2024 3,750 3,750 Balance at 31 March 2023 5,000 5,000 2024 2023 S. CREDITORS: AMOUNTS FALLING DUE WITFIIN ONE YEAR Accrued expenses 6. IWIOVETrIENT IN FUIYDS At Olln4/21123 N¢1 Move- 31/113121124 meiit in FuFrd5 Unrestricted funds 8.000 5,235 13,235 TOTAL FUNDS 8,000 5,235 13,235 CAPITAL TRAININC AND DEVELOPLIIEINT NETWORK DETAILF.D STATEMENT OF FINANCIAL ACTIVITIES FOR TIIE YEAR ELYDED 31 i¥1ARCH 2024 Yeoi. Fnded 3 l/lJ3/21124 Ycai. Elided 51,.1)3121125 tNCOMtNG InLoming Resources from Generated Fuiid.%.' Grants & Other Income 52,354 14,600 Total Iiicome Resources 52,354 14,600 Resources Expended Adininistralive 47.119 31,106 Total Resourees Expended 47,119 31,106 IYET INCOMING RESOURCES 5,235 (16,506) RECONCILIATION OF FUNDS Total Funds Balance5 blfivd 8,000 24,506 Total Funds Balaiices elfwd 13.235 8,000 10 CAPITAL TIWNIING AND DEVELOP￿lENT NETWORK SC&IEDULE TO THE PROFIT ALND LOSS ACCOUNT FOR THE YEAR ENDED 31 TrlIiRCH 2024 2024 2024 2023 2023 Grant 52,354 14,600 Total Incoming Resources 52,354 14,600 Administrative Expenses Employee Costs.. Wagye.% and Salaries Staff 'fraining 12,574 3,656 5,2?5 1,620 16,230 6,845 Premises Costs: Rent and Rates Cleaning 6,000 1,565 6,000 1,113 7,565 7,Il3 General Admini%tralive Expenses.. Bank Charges General Expenses Printing, Poblage and & Sialionery Repairs and Maintenance Telephone & Iniernel Volunteer expenses Depreciation Travel expenses 265 366 601 2,345 856 8,565 1,250 4,565 152 226 402 1,306 360 4,250 6,966 2,011 18,813 15,673 Legal and Professional Costs.. Accounting & Book-keeping Other Professional Fees 950 3,561 950 525 4,511 1,475 Total administrative expenses 47,119 31,106