Charity registratlon number 1083405 Company rgglstratlon number 03796674 (England and Wales) COMMUNITY CONNECT FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
COMMUNITY CONNECT FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Bashir Ahmed Shomsur Khan Muharnmad Miah Abdur Rohman Taz Uddin Salah Uddin Nasir Uddin Zamal Ahmed Sgcretsry Abdur Rohman Charity number 1083405 Company number 03796674 Rogl$tero(l offlco North Smelhwick Resource Centre Cambridge Road Smelhwick Birrningham Wesl Midlands B66 2HR Independent examiner Mohammed Yaseen ACCA Soho House 3e2 - 364 Soho Road Birmingham B219QL
COMMUNITY CONNECT FOUNDATION CONTENTS Page Trustees report Independent examiner's port Statement of financial aclivibes Balance sheet Notes lo the financial statements 10-18
COMMUNITY CONNECT FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees present their annual report and financial slalements for the year ended 31 March 2024. The finarTrcial 51atemenls have been prepared in a¢cordan¢e with the accounting policies sel out In note note 1 10 the financial stslements and comply with the ¢harity's governing do¢urnent. the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommènded Pradice appli¢able to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. Oblectlves and alms To promote any charitable purpose for the community within the Wesl Midlands with a particular reference to the district of Smethwick and in particular, but wilhoul prejudice lo the generality ol the forgoing. disadvantaged communities with particular regard to Bangladeshis residing in the area of benefit to relieve povety and sickness, lo advance education and lo provide facilities for recreation and other leisure time occupation with the object of improving the condition of life ol the said Communities. Charitable activities Main activities undertaken in relation to those purposes durlng the year Our work this year has proven to be highly beneficial for our communities and we are proud of the support we have prov1ded, and the differences our work has made lo the lives of our iesidenls. As our comrnunilies endeavoured lo overcome the lasting èffects of COVID-19. many individuals have faced challenges related lo the cosl-of-living crisis caused by the economic downturn. To assist our Community during these Challenging limes, we have revised and developed our services lo provide the necessary support. In response lo the identified needs within our Community, we enhanced our inilialives to ensure that these requirements were adequately addressed. By Collaborating closely with communty stakeholders. we successfully developed and implemented services that effectively benefited our residents. Our primary areas of focus include,. 11 Advice Service.. A comprehensive advice service that covers assistance with welfare benefits & council lax claims. housing matters, consumer-relaled concerns, immigration matters, general inquiries. and access to government grant schemes to alleviate household Poverty. 21 Foundation Learning.. We delivered a range of engagement, skills and capacily-building programmes, sector specific training, and accredited and unaccredited courses. 31 Employment Support.. Our employment support services offer career advice, job market insights, personal development, and guidance for career progression. We provided support with job searching, completing applications, preparing for interviews, writs'ng CVS, and a labour market preparation program. 41 Health and Wellbeing.. We offered gentle and active indoor and outdoor exercises including Zumba, healthy walks. bike riding, and relaxing sessions like Ytsga. Additionally, delivered rnental health and nutrition workshops, coffee morning discussions, support for chronic conditions. and digital skills training lo access health and wellbeing resources. 51 Youth Development.. We provided a comprehensive range of activities for young people, which incluLted 51ruclured youth dub sessions for both boy5 and girls, inilialives focused on health and wellbeing, a leadership developrnent program, career counselling, and educational support services. 61 Volunteering opportunities.. We continue lo support the development of skills and competencies through volunteering opportunities provided al CCF or with partner org81115alions. 71 Events.. We Drganised engagement events," community trips and eommunity events lo encourage community participation and foster a sense of belonging. Public benefit The charity is a public benefit entity and the trustees confirm that they have feferred to the Charity Commission's guidance on public benefit when reviewing the charities aims and objectives. Main activities undertaken during the year contribute lo charity's purpose lor the public benefit.
COMMUNITY CONNECT FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance The maln a¢hievem¢nts and performance of the charlty during the year During the year, we provided a robust range of interlinked supportive services and capacily-building initiatives designed to empower our beneficiaries. Participants benefrted by engaging and p8rtieipaling in more than one a¢tivily as they progressed. Over 1,545 participants accessed our services across different initiatives. each attending a structured programme, accessing specific Service, or making repeal visits to rèsolve matters. Feedback collected from our beneficiarie5 demonstrates a high level of customer salisfaclion. with 98°A of respondents stating that they agreed or strongly agreed 1100h & 88Ok respeclivelyl lo being pleased with the services they received, and that the service they accessed made a positive impact. This positive response underscores the impact of our comprehensive offerings and highlights our continued commitment to meebng the needs of our beneficiaries. Advice.. In our ongoing eommilmenl to addressing the challenges posed by the economic downturn and the rising cost of living, we have delivered generalist and specialist advice. and support services aimed at assisting individuals and families facing financial hardship. To dale. we have successfully supported over 700 individuals through various initiatives, 494 were for welfare benefit support and required over 1,600 visits. Our dedicated effort5 in welfare benefits advocacy and anli-povety measures have yielded a significant impact, generating a nel Income of over £448,900 for individuals and fami5ies. This financial support is critical in helping households navigate their economic ehallenges and improve their overall quality of life. In addition to financial assistan, we have provided guidance tsn effective budgeting strategies lo help individuals manage their resources more efficienuy. Our team has also facilitated access lo various grant schemes designed to offer additional support during tough limes. Furthermore, we have conneded beneficiarias with essential services such as food banks and accommodation resources, ensuring they receive holistic support in addressing their immediate needs and long-lerm stability. The Foundation Learning". this programme has demonslraled significant efficacy in fostering capacity building and enhancing personal development. Participants have shown a proactive approach lo skill enhancement through their engagement in the programme. reflecting a strong commitment lo both learning and professional growth. Throughout the duration of the prDgramme 167 learners salisfaclorily completed courses and few leamers completing more than one course, hence 183 units were delivered. Inslruclional hours ranged from 8 lo 98 hours per course. InclLJded in our accredited offerings were ESOL Leve15 1 and 2, Food Safely and Hygiene Level 2, and First Aid training. Furth?miore, we dedicated 78 units specifically lo capacily-building and pern81 development training, undedining our focus on holistic skill enhancement for our beneficAarie5. Employment Support.. This year, our organisalion has made significant strides in providing comprehensive employment support services to over 380 beneficiaries. 9 beneficiarie5 were able lo find voluntary work, allowng them lo gain valuable experience and contribute lo their communities. To further enhance employability. we organised and conduded 44 work club sessions, where participant5 engaged In networking, 5kill-sharing, and group discussitsns focused on job search techniques. Beyond group session5, we also priorilised one-on-one support. tailoring our assistance to meet individual needs. This included helping beneficiaries develop essential digitsl skills necessary for today's job market, as well as providing guidance and coaching for interview preparation. Health and Wellbeing Activities.. Recognising the profound impact of the pandemic on mental and physical health, our health and wellbeing inilialives have been instrumental in aiding individuals within our community lo COVer from ils lasting effects. A lolal of 342 participants across all age ranges have engaged wth our health programmes. Participants have actively involved themselves in multiple activities, demonstrating a strong commitment lo their well-being. Overall, across OLJr diverse range of health and wellbeing activities, we have recorded a lolal of well over 550 beneficiaries. These activities programmes included workshops, fitness classes, mental health support groups, walking, water sports, loolball, and therapeutic sessions, all designed to promote holistic recovery and enhance quality of life. The feedback from participants highlights the importance of these services in fostering resilience and community connection during challenging tim8s.
COMMUNITY CONNECT FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Youth Development.. This year marks a significant milestone in our comml(menl lo the development and ernpowermenl of young people. We launched a variety of dynamic inilialives airned at enriching their skills and fostering a keen sense of community. Among these, we have Introduced engaging football sessions that not only promote physical fitness bul also teamwork and diseipline. Additionally, we have Incorporated Martial Arts classes, which focus on sell-defence and build self-confidence among participants. Our DOE (Duke of Edinburgh) leadership programme has also been a slandoul addition. providing youth with essential leadership skills and opportunities to undertake meaningful community service projects. Every week, our youth clubs offer a safe and creative space for young people lo gather, socialize, and participate in various recreational activities designed to enhance their social skills. Overall, over 145 young people have taken part in these empowering programs and youth clubs, experiencing person81 growth and development that will benefit them both now and in the future. We are proud of the positive impact these inilialives have had on our community's youth and Igok forward lo expanding and enhancing our offerings in the coming year. The differon¢e tho Charlty's perfomian¢e durlng the yoar has made lo the b9naflclarl8s of th• charlty Our program has facililaled a range of impacrful and sustained changes within the community, resulting in significant improvements lo both individLJal lives and family's livelihood. One of our key initiatives focused on bringing together isolated individuals. new settlers. and long-established residents, fostering the deveSopment of s()cial capital that is crucial for a cohesive and resilient cornmunity. Through our focused advice service have empowered beneficiaries to confront and overcome pressing financial burdens and housing concerns. By assisting them in navigating the web of welfare benefits, accessing cost L)f living grants, and enrolling in various award schemes, we have successfully helped increase their household incomes. The welfare benefits supportive service5 has been a lifeline for our familie5, offenng not just immediate relief bul also a pathway towards slab11ity and self-conlrol. In addition to financial assistance, we reeognised the vital need for ernergency food provisions. Our program assisted beneficiaries in accessing nutritious food resource5, which directly conlnbuled lo their well-being. Moreover, we dedicated effort5 to enhancing their financial literacy by pioviding training in money management skills. These inilialives equip individuals with the tools they need to make inft>med decisions about their finan$, and improved budgeting skills. We have also priorilised the development of soft skills among our beneficiaries, through both non-accredited and accredited training courses, and sector specific courses. These programs have successfully improved literacy, numeracy, digital skills, and industry specific skills. thereby boosting personal confidencg and opening new doors for employment opportunities. Individuals who participated in our courses have progressed to further training or gained essential employability skills through volunteer placements. which have proven to be transformative experiences. Securing ernployment is a critical rnilestone for our beneficiaries, leading to increased financial independence and a reduction In reliance on welfare assistance. This shift towards self-sufficiency not only impacts their individual livelihoods bul also brings about widespread benefits for the local economy and community. Employment fosters greater personal confidence, enhances mental well-being, and promotes better health management practIS, contributing lo a healthier lifestyle overall. Finally, our youth development program stands as a vital initiative tsilor8d specifically lor young individuals facing various challenges. This program offers targeted support lo help them navigate physical. mental, and educational hurdles, enriching their experiences and equipping them with skills that will serve them well in the future. By investing in the youth of our community. we are nurturing the next generaty'on of leaders and empowered individuals, cultivating a more vibrant and resilient community.
COMMUNITY CONNECT FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Degreg to whlch thè achievements and performance during the year have beneflted wlder soclgty Our communities were deeply affected by the pandemic and now the cosl-of-living crises that worsened individual and household poverty, leaving individuals and families Struggling lo tnake ends meet as their household finances dwindled. In response to these pressing i5sue5, our Services emerged as a ¢ru¢ial lrfeline. providing reassurance and vital support to individuals and families during this crisis period. We worked diligently to help clienls navigate the complexities of welfare benefits, ensuring they received the assistance lo which they were entiued. Moreover, we offered tailored budgeting workshops, equipped families with budgeting skills to lower their expenditures, and guided beneficiaries in enhancing their health and well-being. Our services aimed not only to relieve immediate rinancial stress bul also lo empower clients to attain greater independence and make positive strides toward their personal goals. Recognising the urgent need for employment opportunities, our labour market support program was des1gned lo assist indiviLtuals in preparing for the workforce. We provided resources such as cv writing workshop5, interview coaching, and job placement services, enabling many to secure meaningful employment. For our young people, we facilitated engaging activities aimed at fostering civic responsibility, encouraging them to gain awareness of societ81 issues, promoting educational achievement and career aspiralions. th the unwavering support of our funders, we quickly recognised the necessity to refocus our services lo meet the evolving demands of the community. Our dedicated staff undertook required training lo acquire new skills tailored lo these challenging ¢ondrtions, allowng us lo fomi innovative partnerships wlh other organisalions and stskeholders in the area. Through our efforts, we made a significant impact, reaching one tsf the highest numbers of beneficiaries from diverse backgrounds and varying abilities. Our work etsntributed lo slabilising the Community by enhancing household incomes and improving individuals. skills and capacity to lead independent lives. We priority'sed both physical and mental health, enabling beneficiaries lo cullivale healthier lifestyles and better manage their health conditions. Notably. our inclusive initiatives brought people together, fostering a sense of belonging and social capital within the community. By promoting unity, collaboration, and aspiration, we empowered individuals and families to work collectively toward improving their circumstances and creating 8 brighter future for themselves and their neighbDurs. Financlal revlew Overall. Community Connect Foundation has raised fijnds totalling £271,549 wth the expenditure for the year lolalling £260.312 leaving the organisalion with 8 Surplus of £11,237. This leaves £542,252 in our funds lo be carried forward at 31 March 2024. Reserves policy The Trustèes have established a policy wh8r8by the unrestricted funds not committed or invested in tsngible fixed asset5 (Yhe free reserves'l held by the charity should be approximately six month5 of the resources expended. The board ha5 decided to increase free reserves lo create sufficient funds lo pay for any fvlure redundancy settlements. Structuro, governance and management Governing document The chanty is controlled by Its goveming document, a deed of trust. and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the dale of signalure of the financial statements were.. BashirAhmed Shomsur Khan Muhammad Miah Abdur Rohman Taz Uddin Salah Uddin Nasir Uddin ZamalAhmed
COMMUNITY CONNECT FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Statement of tru$tee$ rgspon$lbllltlg$ The trustees, who are also the directors of Cornmunity Connect Foundation for the purpose of company law, are responsible for preparing the Trustees Report and the financial statements In accordance with applicable law and United Kingdom Accounting Standards (United lQ"ngdom Generally Accepted Accounting Pra¢licel. Company Law requires the trustees lo prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company lor that year. In preparing these financial statements, the Iruslees are required to.. select suitable accounting policies and then apply them consistently.. observe the methods and principles in the Charities SORP,. make judgem?nts and estimates that are reasonable and prudent., and prepare the finanaal statements on the going concern basis unless il is inappropii8le to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose nth reasonable accuracy at any lime the financial position of the charty and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees report was approved by the Board of Trustees. Nasir Uddin Trustee 27 November 2024
COMMUNITY CONNECT FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COMMUNITY CONNECT FOUNDATION I report to the Iruslees on my examination of the financial statements of Community Connect Foundation (the charilyl for the year ended 31 March 2024. Responslblllties and basls of report As the Iruslees of the chanty land also ils directors for the purposes of company lawl you are responsible for the preparation of the financial Statements in accordance ¥Mth the requirements of the Companies Act 2006 (the 2006 Acti. Having satisfied myself that the financial slalements of the chanty are not required lo be auditèd under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of My examination of the charity's financial statements carried out under section 145 Df the Charities Act 2011 Ilhe 2011 Act). In carrying out my examination I have followed all the applicable Direclions given by the Charity Commission under section 14515llbl of the 2011 Act. Independgnt examinerfs statement Since the charity's gro55 income exceeded £250,000 your examiner must be a member of a body listed in section 145 Of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member of the Association of Chartered Certified Accounlanls, which is one of th& listed bodies. I have completed rny examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause to believe that in any material re5pecl'. accounting records were not kept in respect of the charity as qUired by se¢tion 386 of the 2006 Act", or the financial statements do not accord with those records., or the financial 51alements do not comply with the accounting requirements of secb'on 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a rnatter considered as part of an independent examination". or the financial slalernenls have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021_ I have no concems and have come aeross no other matters in connection wlh the examination lo which attention should be drawn in this report in order to enable a proper understanding of the financial stslemenls lo be reached. Mohammèd Yaseen ACCA Soho House 362 - 384 Soho Road Birrningham B219QL Dated.. 27 November 2024
COMMUNITY CONNECT FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Current flnanclal ygar Unrestrl¢ted Ro$tricted funds funds 2024 2024 Total Total 2024 2023 Notes Income and endowments from: Donations and legacies Other income 70,689 2,833 198,027 288.716 2,833 234,193 4,150 Total Income 73,522 198,027 271,549 238,343 enditure on.. Raising funds 480 Charitable activities 75,901 183.676 259,577 224,913 Bank charges 10 735 735 468 Total expenditure 76,638 183,678 260,312 225.841 Netlgxpanditurollincome for the yearl Net movement in funds 13,1141 14,351 11,237 12,502 Fund balances at 1 April 2023 189,722 341.293 531,015 518.513 Fund balances at 31 March 2024 186,608 355,644 542,252 531,015 The slalemenl of financial activities includes all gains and losses recognised in the year. The statement of financial activities also Complies with the requirements for an income and expenditure account under the Companies Act 2006.
COMMUNITY CONNECT FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Prior financlal year Unrestricted Restricted funds fvnds 2023 2023 Total 2023 Notes Income and endowments from: Donations and legacies Other Income 82,339 4,150 171,854 234,193 4,150 Total income 86,489 171,854 238.343 Ex enditure on- Raising funds Charitable activities 128 68,150 332 156,763 460 224,913 Other 10 468 468 Total expenditure 68,746 157,095 225,841 Net lexpgndlturollln¢omg for th• yearl Net movement in funds 12,257} 14,759 12,502 Fund balances al 1 April 2022 189.722 328.791 518,513 Fund balances at 31 March 2023 187,465 343,550 531,015
COMMUNITY CONNECT FOUNDATION BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets 12 349,931 361,437 Current assets Debtors Cash at bank and in hand 13 745 229,130 225,485 229,875 225,485 Creditors: amounts falling due within one year 14 137,5541 155,9071 Net current assats 192,321 189,578 Total assets less current Ilabllltlg$ 542,252 531,015 Net assets excluding penslon Ilablllty 542.252 531,015 The funds of the charlty Restricted income funds Unrestricted funds 17 355,644 186.608 343.550 187,465 542.252 531.015 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The directors acknowledge their responsibilf(18s for complying with the requirements of the Companies Act 2006 with respect lo accounting records and the preparatlDn of financial statements. The members have not required the cornpany lo obtain an audit of ils financial slalements for the year in question in accordance with section 476. These financial slalement$ have been prepared In accordance with the provisions applicable to companies subject to the sm811 companies regime. The financial slalements were approved by the trustees on 27 November 2024 Nasir Uddin Trustee Company registrab.on number 03796874 (England and Walesl
COMMUNITY CONNECT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity information Community Connect Foundation is a private Company limited by guarantee incorporated in England and Wales. The registered office is North Smethwick Resource Centre, Cambridge Road, Smethwick, Birmingham, West Midlands. B66 2HR. 1.1 Accounting conventlon The financial ststements have been prepared in accordan¢è with the charity's goveming document, the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" l FRS 102.1 and the Charities SORP 'Accounling and Reporting by Charities.. Statement of Recommended Practice applicable lo charities prepanng their accounts in accordan with the Financial Reporb'ng Standard applicable in the UK and Republic of Ireland IFRS 1021" leffective l January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The financial slalemenls are prepared in sterling, which is the functional curr8ncy of the charity. Monetary amounts in these financial statements are rounded lo the nearest £. The financial slalemenls have been prepared under the historical cost convention. The principal accounting policies adopted a sel out below. 1.2 Golng concern Al the time of approving the financial statements, the Iruslees have a reasonable expectation that the charity has adequatè resources lo continue in operational existence for the foreseeable future. ThLJS the trustees continue to adopt the going concern basis of accounting in preparing the financial slalements. 1.3 Fund a¢¢ounting Unreslricled funds be used in accordance with the charitable objectt've$ at the discretion of the trustees. Restricted funds can only be used for particular reslricled purposes wthin the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes lo the financial ststemenls. 1.4 Incomg All income is recognised in the Statement of Financial Activities once the charity has enlillemenl to the funds, il is probable that the income will be received and the amount can be measured reliably. 1.5 Expenditure Liabilitie5 are recognised as expendrture as soon as there is a legal or constructive obligation committing the charrty lo that expenditure, it is probable that a transfer of economic benefits wll be r&quired in settlement and the amount of the obligation Can be measured reliably. Expenditure is accounted for on an a¢¢ruals basis and has been classified under headings that aggregate all cost related to the category. Mthere costs ¢annot b8 directly attributed lo particular headings they have been allocated lo activities on a basi5 Gonsislenl with the use of resources. 10-
COMMUNITY CONNECT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 1.6 Tangible fix8d assets Tangible fixed assets are initially measured al eosl and subsequently measured at cost or valuation, nel of depreciation anLI any Impairment losse5. Depreciation is recognised so as lo write off the cost 01 valuation of assets less their fesiLIu81 values ovèi their useful lives on the following bases.. Freehold land and buildings Plant and equipment Fixtures and fittings 20A on cost 25% on cost 200A on cost The gain or loss arising on the disposal of an asset is determined as the difference betrtsen the sale proceeds and the carrying value of tho asset. and is recognised in the ststemenl of financial aclivilies. 1.7 Impairnient of fixad assats At each reporting end dale, the charity reviews the carrying amounts of its tangible assets lo determine whether there is any indication that those assets have suffered an irnpaimienl loss. If any such indication exists, the recoverable amount of the asset is e51imaled in order to determine the extent of the impairment 1055 lif any). 1.8 Cash and Cash equlval&nts Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-lemi liquid investments with Driginal maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowngs in current liabilities. 1.9 Taxatlon The charity is exempt from corporation lax on its charitable activities. 1.10 Employee b&nefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed lo lemiinate the employment of an employee or lo provide termination benefits. 1.11 Pension costs and other po$t.retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable lo the charitable company's pension scheme are Charged to the Statement of Financial Activities in the period to which they relate.
COMMUNITY CONNECT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donations and legacles Unrestrlcled R&strfcted funds funds Total Unrestrlctgd Rostrlcted funds funds Total 2024 2024 2024 2023 2023 2023 Grants and fees 70.689 198,027 268.716 62.339 171,854 234,193 Grants receivable for core activities SCC BHP Advice work BBC CIN BLF Canal & River Trust Fees- Stanfords Training Miscellaneous BBO Bridges Good Things Foundation Sandwell council Sandwell Language Network SC CATS SCVO Vision 2030 The National Express Foundalitsn The Duke of Edinburgh's Award SCC- COLT SCC - Research & Reconnect We Are Digital Training Ltd 15,292 18,375 29,062 76,S09 15,292 18,375 29,082 76,609 600 1,100 5,276 12,092 14,279 21.637 24,186 110,772 14.279 21,637 24.166 110.772 813 1,100 600 1,100 5,278 12,092 813 1,100 27,510 6,900 19,510 27,510 6,900 19,510 5,394 22,249 27,643 6,449 17,491 8,500 6,449 17,491 8,500 6.506 8,506 4,000 4,000 1,000 1,000 10,500 15,465 10,500 15,465 19,937 19,937 325 325 70,689 198,027 268,716 62,339 171.854 234,193 Othor Incomg Unrestricted Unrestrl¢ted fund5 fund$ 2024 2023 Other operating nme 2,833 4,150 12-
COMMUNITY CONNECT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on ralslng funds unrtrICt¥d Rastrlcted funds funds 2024 2024 Total Unrg$trl¢t&d R&strl¢ted funds funds 2023 2023 Total 2024 2023 Fundraising and publicity Adv8rtising 128 332 460 Expendlture on charitable actlvltles Charitable Charltable Expenditure Expen(Ilture 2024 2023 Direct costs Stsff costs Depreciation and impairrnenl Community projects Training (lelivery Interest- other 134,409 12,537 64,394 5,984 124.579 15,140 30,209 3.759 239 217.324 173.926 Share of support and governance costs (see note 61 Support Govemance 39.252 3,001 48.343 2.644 259,577 224,913 AnaFysis by fund Unreslricled fund5 Restricted funds 75,901 183,676 68,150 156.763 259,577 224,913
COMMUNITY CONNECT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support Governance costs costs 2024 Support Governance osts costs 2023 Cleaning Consultancy fees Light and heat Equipment expensed ICT maintenance Office expenses Rates and insurance Photocopier rental charge Software Repairs SecLJrity staff training Postage and stationery Temps and recruilmenl Telephone 3,559 2,400 11,410 232 1,400 448 4,849 787 115 7,094 1.041 1.901 1.588 80 2,548 3.559 2.400 11,410 232 1,400 448 4,649 787 115 7,094 1,041 1,901 1,588 80 2.548 3,441 3,600 10.005 25 2,730 132 3,808 850 115 18,541 805 530 1,639 240 1.882 3,441 3,600 10,005 25 2,730 132 3,808 850 115 18,541 805 530 1,639 240 1,882 Audit fees Legal and professional 2,821 180 2,821 180 2,596 48 2.596 48 39,252 3,001 42,253 48,343 2,644 50,987 Analysed between Charitable activities 39,252 3,001 42,253 48.343 2,644 50,987 Net movemont in funds 2024 2023 The nel rnovement in funds is slated after ch8rg1ng1lcd1Iingl". Fees payable for the independent examination of the charity's financial slalemenls Depreciation of owned tangible fixed assets 2,821 12,537 2,596 15,140 Trustees None of the trustees lor any person5 connected wth them) received any remuner8lion or benefits from the charity during the year. 14-
COMMUNITY CONNECT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 Employe9$ The average monthly numb&r of employees during the year was.. 2024 Number 2023 Number Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 126,571 5,496 2,342 117,785 4,858 2,136 134,409 124,579 There were no employees whose annual remuneration was more than £60,000. 10 Other Unr8$trl¢ted Unrgstrlctèd funds funds 2024 2023 Bank charges 735 468 735 468 11 Taxation The charity is exempt from lax on income and gain5 falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gain5 Act 1992 to the extent that these are applied lo rts charitable objeGts. 15-
COMMUNITY CONNECT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Tanglble flxgd assets Freehold land and bulldlngs Plant and Flxtures and qulpm8nt ffttln98 Total Cost l Falr value Al 1 April 2023 Additions 395,000 135,338 31,547 1,030 561,885 1,030 Al 31 March 2024 395.000 135,338 32.577 562,915 Depreciation and impairment Al 1 April 2023 Depreciation charged in the year 44,856 7.478 135.338 20,253 5,061 200,447 12.537 Al 31 March 2024 52,332 135.338 25.314 212.984 Carrying amount Al 31 March 2024 342,668 7.263 349,931 At 31 March 2023 350,144 11,293 361.437 13 Dabtors 2024 2023 Amounts falllng due within one year: Other debtors 745 14 CreditOf5- amounts falllny dug wlthln one year 2024 2023 Other laxalion and soual security Trade Creditors Other creditors 2,450 2.813 32,291 2,238 20,604 33,065 37,554 55,907 16-
COMMUNITY CONNECT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Deferred incom• Deferred income Comprises gr8nt5 received in advance of delivering the services required by the conditions of the grants. 2024 Balance as al 1 April 2023 30,394 Amount released lo incoming resources 130,3941 Amount deferred in the year 29,700 Balance as al 31 March 2024 29.700 16 Retirernent benefit schemes 2024 2023 Defined contribution schemes Charge lo profit or loss in respect of defined contribution schemes 2,342 2,136 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. 17 Restricted ndS The reslricled funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 April 2023 Incoming resource5 Resources At 31 March expended 2024 341,293 198,027 1183,6761 355,844 Prevlous y•ar'. At 1 April 2022 Incomlng resources Resources At 31 March expended 2023 328,791 171,854 1157,0951 343,550 17-
COMMUNITY CONNECT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 18 Unrèstricted funds The unrestricted funds of the charity comprise the unexpended baSan¢es of donations and grants which are not subject to specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been sel aside out of unreslricled fLJnds by the trustee5 for specific purposes. At 1 Aprll 2023 Incomlng re$our¢e$ Rosourc8s At 31 March èxpendgd 2024 General funds 189,722 73,522 176,6361 186,608 Prevlous year: At 1 April 2022 Incomlng r&sOU•S Rosourc8s At 31 March expended 2023 General funds 189,722 66,489 168,7461 187.465 19 Related party transactlons There were no di5closable related paty transactions during the year12023- none). 18-