Docusign Envelope ID.. 522889ED-898fA89F-98A&754ACB160EFD Charity registration number 1089578 (England and Wales) Company registration number 04189863 COMMONSIDE COMMUNITY DEVELOPMENT TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
Docusign Envelope ID.. 522889ED-898fA89F-98A&754ACB160EFD COMMONSIDE COMMUNITY DEVELOPMENT TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mireille YandcFGelezi (Chair) Samantha Malin (Trustee) Ayodeji Ayorinde (Trustee) Paula Bysouth (Trustee) Cheryl Giddy-Larocque (Trustee) Syed Hussain ffrustee) Dionne McDowell (Trustee) Dean Willis ffrustee) Jean Wsbey ffrustee) Mariah Attakpah (Trustee) Secretary Samantha Malin Charity number (England and Wales) 1089578 Company number 04189863 Registered office New Horizon Centre South Lodge Avenue Mitcham Surrey CR4 1LT Independent examiner Ellacotts LLP Countrywide House 23 West Bar Banbury Oxfordshire England OX16 9SA Bankers Santander Bridle Road, Boolle Merseyside L304GB
Docusign Envelope ID.. 522889ED-898fA89F-98A&754ACB160EFD COMMONSIDE COMMUNITY DEVELOPMENT TRUST CONTENTS Page Trustees report Statement of Trustees responsibilities Chairman's statement Treasurer's Report Independent examinerfs report Statement of financial activities Balance sheet statement of cash flows Notes to the financial statements 10-17
Docusign Envelope ID.. 522889ED-898fA89F-98A&754ACB160EFD COMMONSIDE COMMUNITY DEVELOPMENT TRUST TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the 's goveming document, the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)" Structure, governance and management The is a charitable company limited by guarantee. incorporated on 29 March 2001 and registered as a charity on 30 November 2001. The Trustees, who are also the directors for the purpose of company law, and who Seed during the year and up to the date of signature of the financial statements were= Mireille YandcFGelezi (Chair) Samantha Malin (Trustee) Ayodeji Ayorinde (Trustee) Paula Bysouth (Trustee) Cheryl Giddy-Larocque {Twstee) Syed Hussain {Trusteel Dionne McDowell (Trustee) Dean Vmllis (Trustee) Jean Wisbey {Trustee) Mariah Attakpah (Trustee) The Trustees are responsible for keeping sufficient accounting records that disdose with reasonable accuracy at any time the financial position of the and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Objectives and activities The Charity's objectives and principal activities are to work with local people in East Mitcham to address poverty and worklessness by running projects promoting good health. learning. entrepreneurship, creativity, good citizenship and sustainable development. Achievements and performance The Chairman's summary follows this report.
Docusign Envelope ID.. 522889ED-898fA89F-98A&754ACB160EFD COMMONSIDE COMMUNITY DEVELOPMENT TRUST TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Financial review These accounts are telling us that our income has fallen since the previous year and that our expditUre has also fallen. Income fell by around 200kn whilst expenditure fell by around 180/0 and this is dearly not an overall position that we want to be in for long. Compared to the previous year. there was no inflated income figure relating to the receipt of emergency funding for Ukrainians in Merton and so this set of accounts does represent more accurately the size of the Commonside Trust and the work that we do. Despite the fact that the decrease in expenditure does not fvlly match the fall in funding, when we look at the shocks in the system during this financial year related in particular to our utilities costs, our electricrty bills have almost tripled. This is why applying for energy efficiency grant funding became essential in 2024 and was prioritised. This work has been on-going such that we hope to reap the benefits from 2025 onwards. In the light of the trading conditions we were obsepiing. towards the end of 2023124 we reduced the number of staff on payroll and began a restructure of our services. We expect to see the benefit of this reduction in expenditure in 2025 also. The Trustees report was approved by the Board of Trustees. Samantha Malin Secretary and Trustee 29/1/2025 1 09:56 GMT
Docusign Envelope ID.. 522889ED-898fA89F-98A&754ACB160EFD COMMONSIDE COMMUNITY DEVELOPMENT TRUST STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees are responsible for keeping sufficient accounting records that disdose with reasonable accuracy at any time the financial position of the and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the and of the incoming resources and application of resources, incknding the income and expenditure, of the charitable company for that year. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP- make judgements and estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements.. and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the will continue in operation. The Trustees are responsible for keeping adequate accounting records that disdose with reasonable accuracy at any time the financial position of the and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was signed by the board on the {date} and signed on its behalf by Samantha Malin Secretary 29/1/2025 | 09:56 GMT Date:...........................................
Docusign Envelope ID.. 522889ED-898fA89F-98A&754ACB160EFD COMMONSIDE COMMUNITY DEVELOPMENT TRUST CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 Chairs Report for 202312024 This report covers a very challenging period for the Commonside Trust, challenges that continued into the following financial year. I will therefore use my Chair's report to emphasise the very pragmatic way in which the Commonside Trust team - staff and volunteers - have continued to run support services for local people and a community centre with a great welcome throughout this period of challenge and Change. In particular, I would like to outline the community leadership role that Commonside has provided for the local area. As a founder-member of the Merton Community Fridge Network. with CmemberS Sustainable Merton and Polish FamilyAssociation, Commonside has ensured the consistent and continuous redistribution of surplus food every week from the New Horizon Centre. receiving supplies via the Felix and City-HaTvest London-wide surplus food networks. As well as putting together and giving out the traditional 'food parcels,, staff have creatively used surplus food donations to add to kitchen supplies in both the Lunch Club and in the Community Café. Taking this one step further, they have also set up the weekly 'Supper Club'_ teaching cooking skills, sharing budget-friendly and healthy recipes, bringing people together to cook and eat and tackling social isolation as well as povety. The work of the Supper Club has been highlighted by BBC London News on TV, as well as on Finnish TV and Swedish Radio. At national level, Commonside has regularly been represented on the Locality Climate Specialist Group of community anchor organisations across the country, shanng expenence and ideas on how to reduce carbon emissions, minimise energy costs and promote greener lifestyles across society. and on the national VCSE Health and Wellbeing Alliance, contributing to govemment policy and inter-Departmental discussions on the role of the charity sector in working with the NHS to taCe health inequalities and confronting some of the difficulties involved. At borough level, Commonside has actively contributed to Merton's preparation to become a Borough of Sanctuary, drawing in particular on its experience of setting up and running. in partnership wth Polish FamilyAssociation. the Merton Ukraine Refugee Hub, as well as to the Council's Borough of Sport campaign, sharing information about its leading role with the Met Police and Fulham Football Foundation to provide diversionary sports activities to over 70 local young people every week during tem-time and holidays. This work has also been recognised by the Mayor of London and received funding from his offi. Despite the reduction in staff due to funding difficulties, Commonside has continued to support over 100 local households wth infomiation and advice about benefit rights. training, citizenship, housing solutions and mental and physical health services. At the same time, the Lunch Club continued to offer daily, (KourSe meals, Monday- Friday to a total of over 70 older people and vulnerable adults, and added new sports, information and craft activities to the options available. Much of our work is achievable only with the assistance of the many unpaid hours contributed by our team of over 35 volunteers, as well as the Board of Trustees, who help in the Community Café, the Lunch Club, as support caretakers and cleaners and to them we owe a big vote of thanks. Wth our focus always on the future of the local area, we have continued to offer more than a dozen work experience placements for teenagers from local schools and colleges, and we are particularfy happy with our relationship with Coulsdon College, providing a structured work experience programme for students studying Health and Social Care at Level 3. Commonside has left its imprint on Merton's cultural life too. with our Chief Executive amongst a few other local charity leaders featuring in the Merton Libraries 'Voice Box, project that brought her personal description of her leadership role at Commonside to every library across the borough. Mireille Yand0eleZI Chairman 3010112025 | 16:34 GMT
Docusign Envelope ID.. 522889ED-898fA89F-98A&754ACB160EFD COMMONSIDE COMMUNITY DEVELOPMENT TRUST TREASURER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Treasurer Report 2023-24 This was my first year as Treasurer as I took over from the departing previous Treasurer who left at short noti. Commonside has faced a number of financial challenges since 202212023 and it has been important to stay on top of these with the help of our Financial Manager. One of the pressing concerns was to review the various seIS provided by Commonside Trust and to review how they were funded. The reviews were conducted by myself and by five other Trustees from July 2023, and we fed back our findings at subsequent Trustee Board meetings. On the whole, the services were in good shape, but it became apparent that they had been stretched and adapted during the Covid pandemic and that as a result, the funding basis for some of the services was not stable. At the same time, we took account of developments in the local area affecting partnership and partnership work on behalf of the community, the growth in the volume of services provided by the East Merton Primary C¥e Network- social prescribing, community health and wellbeing champion and the like - and the tight collaborative partnership of the EMPCN and Moat Homes. This later affected Commonside's ability to play a full and funded role in the local partnership and left us with no Choi but to look at reducing the staff number in order to reduce outgoings This was not an easy decision for the Board to take and l am grateful to all the board members for their support during this difficult time. The Redundancy exercise ran from January - February 2024 and concluded with the departure of a total of five members of staff - four part-time and one fvll-time. We sought expert legal advice in order to run the exercise effectively and with compassion and full redundancy payments, as per statutory requirements were made in due course. It wll take the course of the next financial year, 202412025, for these cost-cutting measures to take effect, due to paid notice periods and the sums paid in redundancy pay but overall, the Board is satisfied that the current staffing levels are appropriate for both adequate service provision as well as potential funding and income. Deji Ajorinde Treasurer 29/1/2025 1 10:36 G
Docusign Envelope ID.. 522889ED-898fA89F-98A&754ACB160EFD COMMONSIDE COMMUNITY DEVELOPMENT TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COMMONSIDE COMMUNITY DEVELOPMENT TRUST I report to the Trustees on my examination of the financial ststements of Commonside Community Development Trust (the } for the year ended 31 March 2024. Responsibilities and basis of report As the Trustees of the (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the 's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011. Independent examinerfs statement Since the gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. 1 confirm that l am qualified to undertake the examination because l am a member of ICAEW, which is one of the listed bodies. I have completed my examination. l Confimi that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the as required by section 386 of the Companies Act 2006. the financial statements do not accord with those records- or the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination,. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements 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 which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Ettactrftfr LLP Ellacotts LLP Countrywide House 23 West Bar Banbury Oxfordshire OX16 9SA England Date= ..31 Janua.ry. 2025
Docusign Envelope ID.. 522889ED-898fA89F-98A&754ACB160EFD COMMONSIDE COMMUNITY DEVELOPMENT TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Totsl Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and legacies Investments 262,316 382,332 644,648 249,486 232 578,123 827,609 232 Total income 262.350 382,332 644.682 249,718 578,123 827,841 Expenditure on: Charitable activities 261.653 396,482 658.135 437.633 365,583 803.216 Total expenditure 261,653 396,482 658.135 437.633 365,583 803.216 Net incomel(expendltu) 697 (14,150) {13,453) (187,915) 212,540 24,625 Transfers beeen funds 144.540 (144,5401 Net movement in funds 697 (14,150) (13,453) (43,375) 68,000 24,625 Reconciliation of funds: Fund balances at 1 April 2023 35.178 68,000 103,178 78,553 78,553 Fund balances at 31 March 2024 35.875 53,850 89.725 35.178 68,000 103.178 The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from conts-nuing activities.
Docusign Envelope ID.. 522889ED-898fA89F-98A&754ACB160EFD COMMONSIDE COMMUNITY DEVELOPMENT TRUST BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets 11 3,662 152 Current assets Debtors Cash at bank and in hand 12 58,433 69,852 35,217 69,249 128.285 104,466 Creditors: amounts falling due within one year 13 (42.222) (1.440) Net current assets 86,063 103,026 Total assets less curnt liabilities 89,725 103,178 The funds of the Restricted income funds Unrestricted funds 15 16 53.850 35.875 68,000 35,178 89.725 103,178 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 aCknOedge their responsibilities for complying with the requirements of the Companies Act 2006 th respect to accounting records and the preparation of financial ststements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordan yth the provisions applicable to companies subject to the small companies regime. 29/1/2025 1 10: 36 GMT The financial ststements were approved by the Trustees on ......................... Mireille Yando-Genleri Director Pastor Deji Ajorinde Director Company registration number 04189863 {England and Wales)
Docusign Envelope ID.. 522889ED-898fA89F-98A&754ACB160EFD COMMONSIDE COMMUNITY DEVELOPMENT TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating activities Cash generated from operalions 19 4,827 10,968 Investing activities Purchase of tangible fixed assets Investment income reiVed (4,258) 232 Net cash (used in)Igenerated from investing activities (4.224) 232 Net cash generated from financing activities Net increase in cash and cash equivalents 603 11,200 Cash and cash equivalents at beginning of year 69,249 58,049 Cash and cash equivalents at end of year 69.852 69,249
Docusign Envelope ID.. 522889ED-898fA89F-98A&754ACB160EFD COMMONSIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity information Commonside Community Development Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is New Horizon Centre, South LodgeAvenue, Mitcham, Surrey, CR4 1LT. 1.1 Accounting convention The financial statements have been prepared in accordan with the 's goveming document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" aThJ the Charities SORP "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)" The is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the nCtIOnal currency of the . Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical Cost convention, [modified to include the revaluation of freehold properties and to indude investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below. 1.2 Going Concem Al the time of approving the financial statements, the Twstees have a reasonable expectation that the has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the . 1.4 Income Income is recognised when the is legally entilled to it after any performance nditionS have been met, the amounts can be measured reliably, and it is probable that income will be reived. Cash donations are recognised on receipt. Other donations are recognised once the has been notified of the donation, unless performan conditions require deferral of the amount. Income tax recoverable in relation to donations received under Grfl Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 10-
Docusign Envelope ID.. 522889ED-898fA89F-98A&754ACB160EFD COMMONSIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Icontinued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation Can be measured reliably. Expenditure is classified by activty. The costs of each activity are made up of the total of dIrt costs and shared costs, including support costs involved in undertaking each activity- Direct costs attributatAe to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistenl with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the Cost or valuation of assets less their residual values over their useful lives on the following bases= Plant and equipment Fixlures and fittings Toys 25% Reducing Balan 250kn Reducing Balance Fully depreciated at the year end The gain or loss arising on the disposal of an asset is determined as the difference beeen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end date, the reviews the carrying amounts of its tangible assets to determine ether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the exient of the impairment loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalents indude cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The has elected to apply the provisions of Section 11 'Basi¢ Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the 's balan sheet when the becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balan$, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 11
Docusign Envelope ID.. 522889ED-898fA89F-98A&754ACB160EFD COMMONSIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Icontinued) Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or ServIS that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the 's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits 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 is demonstrably committed to terminate the employment of an employee or to provide termination benefits. Critical accounting estimates and judgements In the application of the 's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the eslimate is revised where the revision affects lY that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donations and legacies Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Donations and gifts Legacies Grants Lunch Club NHC Event Income Room Rents 1.191 1.191 11,247 23,900 74.124 16,533 8,382 115,300 11,247 23.900 652.247 16.533 8.382 115,300 73.663 19.387 11,380 156,695 382,332 455.995 19.387 11,380 156,695 578,123 262,316 382,332 644,648 249,486 578,123 827,609 12-
Docusign Envelope ID.. 522889ED-898fA89F-98A&754ACB160EFD COMMONSIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from investments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 34 232 Expenditure on charitable activities Unrestricted Restricted Funds Funds 2024 2024 Total Unrestricted Restricted Funds Funds 2023 2023 Total 2024 2023 Direct costs Salaries and wages Employer's NIC Staff - Pension costs Volunteer costs Ukraine costs Training Programme expense5 NHC Event expenses Lunch club and canteen NHC Rent and rates Pollard pass costs 78,808 3.187 5,340 236,425 9,560 16.021 315.233 12.747 21.361 160,497 7.773 10,106 23,900 150,766 9,089 9,113 311,263 16,862 19,219 23.900 106.225 1.578 58,811 30,287 10,478 58,100 70.542 70.542 2.700 694 40,771 15,551 24,260 23,163 106,225 2.700 694 1.578 58,811 30,287 1,293 40,771 15,551 24,260 9,185 58,100 23,163 130,540 396,482 527,022 271,139 365,584 636,723 Share of support and governance costs Isee note 6) Support 131,113 131.113 166.494 166,494 261.653 396.482 658.135 437,633 365,584 803.217 Analysis by fund Unrestricted funds Restricted funds 261.653 261.653 396,482 437.633 437.633 365,584 396,482 365,584 261,653 396,482 658,135 437,633 365,584 803,217 13-
Docusign Envelope ID.. 522889ED-898fA89F-98A&754ACB160EFD COMMONSIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allocated to activities 2024 2023 Premises expenses Light and heat Cleaning Insurance Repairs and maintenance Telephone, Website and IT Marketing and advertising Memberships and subscriptions Sundry expenses Print, postage and stationery Governance costs 4,290 52,235 8,267 43,369 38,779 8,790 8,395 11,785 21,646 724 2,060 1,496 6.641 22.809 13,049 16,327 1,139 1,533 4,808 6.141 17.280 131,113 166.494 Analysed between: Unrestricted Funds 131,113 166,494 Net movement in funds 2024 2023 The net movement in funds is stated after chargingl{crediting)'. Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed assets 1,920 749 1,784 52 Trustees None of the Trustees (or any persons connected with them) reiVed any remuneration or benefits frcm the during the year. Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Direct Charitable Work Management and Administration 16 17 Totsl 17 18 There were no employees whose annual remuneration VRS more than £60,000. 14-
Docusign Envelope ID.. 522889ED-898fA89F-98A&754ACB160EFD COMMONSIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 11 Tangible fixed assets Plant and Fixtures and equipment fittings Toys Total Cost At 1 April 2023 Additions 17,893 2,538 5,440 1,721 300 23,633 4,259 At 31 March 2024 20.431 7,161 300 27,892 Depreciation and impairnient At 1 April 2023 Depreciation charged in the year 17.763 456 5.418 293 300 23.481 749 At 31 March 2024 18,219 5,711 300 24,230 Carrying amount At 31 March 2024 2,212 1,450 3,662 At 31 March 2023 130 22 152 12 Debtors 2024 2023 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 55.957 800 1,676 31.546 2,244 1,426 58,433 35,216 13 Creditors: amounts falling due within one year 2024 2023 Notes Deferred Income - Government Grants Accruals 14 40.302 1.920 1.440 42,222 1,440 14 Deferred Income Deferred income is induded in the financial statements as follows= 15-
Docusign Envelope ID.. 522889ED-898fA89F-98A&754ACB160EFD COMMONSIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Deferred Income Icontinued) 2024 2023 Deferred income is included within.. Current liabilities 40,302 Movements in the year.. Deferred income at 1 April 2023 Resources deferred in the year 40.302 Deferred income at 31 March 2024 40.302 15 Restricted funds The restricted 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 resources Resources expended Transfers At 31 March 2024 68.000 382.332 (396.482) 53.850 PVIouS year: Incoming resources Resources expended Transfers At 31 March 2023 2022 578.123 (365.583) 1144,540) 68,000 16 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These indude designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 April 2023 Incoming resources ReSoue$ expended Transfers At 31 March 2024 General funds 35.178 262.350 (261.653) 35,875 Previous year: At 1 April 2022 Incoming resources Resources expended Transfers At 31 March 2023 General funds 78,553 249,718 (437,633) 144,540 35,178 16-
Docusign Envelope ID.. 522889ED-898fA89F-98A&754ACB160EFD COMMONSIDE COMMUNITY DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Analysis of net assets between funds Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsl{liabilities) 3.662 32.213 3.662 86.063 53.850 35.875 53.850 89.725 Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 31 March 2023: Tangible assets Current assetsl(liabilities) 152 35.026 152 103.026 68.000 35,178 68,000 103,178 18 Related party transactions There were no disdosable related paty transactions during the year (2023- none). 19 Cash generated from operations 2024 2023 (Deficit)Isurplus for the year (13,453) 24,625 Adjustments for: Investment income recognised in statement of financial activities Depreciation and impairment of tangible fixed assets (34) 749 (232) 52 Movements in working capital: (Increase) in debtors Increasel{decrease) in creditors Increase in deferred income (23,217) 480 40,302 {10,474) (3,003) Cash generated from operations 4,827 10,968 20 Anatysis of changes in net funds The had no material debt during the year. 17-
Docusign Envelope ID.. 522889Etk8986489F-98A&754ACB160EFD Commonside Community DevelopmentTrust New Horizon Centre South Lodge Avenue Mitcham Surrey CR41LT Ellacotts LLP Chartered Accountants Countrywide House 23 West Bar Banbury OxFordshire OX16 9SA Dear Sirs, FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 The following representstions are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with your report on the company's financialstatementsfortheyearended 31 March 2024.Theseenquirieshave included inspection ofsupporting documentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following representations. All representations are made to the best of our knowledge and belief. GENERAL We acknowledge that the independent examination work perfomied by you is substantially less inscopethan an auditperformed in accordancewith IntemationalStandardsonAuditinglUKand Ireland) and thatyou do not express an auditopinion. We confirm that the charity company was entitled to exemption under section 477 of the Companies Act 2006 from the requirement to have its financial statements forthe financial year ended 31 March 2024audited. Wealsoconfimithatthe members have not required thecharitable company to obtain an audit of its financial statements for the financial year in accordance with section 476 of the Companies Act 2006. We acknowledge asTnJstees our responsibilityforthe preparation of financial statements under the Charities SORP and Charities Act 2011 and in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and for being satisfied that the financial statements give a true and fair view of the state of affairs of the charitable company as atthe end of the financial year and of its income and expenditure for the financial year in accordance with the requirements of sections 394 to 396 of the Companies Art 2006, and which otherwise comply with the requirements of that Act and regulations made under it relating to financial statements, so far as applicable to the company. All the accounting records have been made available toyou and alltransactions undertaken bythe company have been properly reflected in those accounting records. All records and related information, includingthe minutes of the Trustees, meetings have been made available toyou. We confirm that we have maintained adequate accounting records, as required by the Charities SORP and CompaniesAct2006.
Docusign Envelope ID.. 522889Etk8986489F-98A&754ACB160EFD We have disclosed to you all known instances of non-compliance or suspected non-compliance with laws and regulations whose effects should be considered when preparing the financial statements. We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted forand disclosed in thefinancialstatements. AsTrustees, we have considered the financial position of the charitable company. We believe that the charitable company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charitable company's needs. We have considered a period of te1ve months from the date of approval of the financial ststements. We believe that no further disclosures relating to the charitable company's ability to continue as a going concern need to be made in the financial statements. All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed. Yours faithfully Signed on behalf of the Board of Directors Date
Docusign Envelope ID.. 522889ED-8986489F-98A&754ACB160EFD Ellacotts Countrywide House 23 West Bar Banbury OX16 9SA +4410}1295 250401 +4410}1295 271375 mail@ellacotts.co.uk (• INVOICE VAT No: 119 507471 Date: 29 January 2025 Invoice No.: 37398 Our Ref: CCDD4317/LDU Commonside Community Development Trust Professional charges in connection with.. Independent Examination of the Charities financial statements for the year ended 31 March 2024 Fee as quoted. 1,600.00 Subtotal £1,600.00 Fee 1,600.00 VAT@20% 320.00 Total Fee £1,920.00 Please note our payment terms have changed from 30 days to 14 days from date of invoice Our paymentterms are strictly 14 day5 from the date of invoice. The firm reserves the rightto charge interest at the rate of 1.5% per month on all overdue aciounts. Unless requested, receipt5 will not be issued. Ellacott5 15 the trading name ol Ellacotts LLP, which 15 a Limited Liability Partnership. registered in England & Wales, number OC319580. A li5tof members 15 available lor inspection at the registered office 23 West Bar. Banbury, Oxlordshire OX16 9SA. Ell3cotts LLP is regulated fora range ol investment bLJsiness activities by the Institute ol Chartered Accountants in England & Wales. Please lear h Ple£se te£r here Commonside Community Development Trust New Horizon Centre South Lodge Avenue Mitcham Surrey CR4 ILT REMirrANCE ADVICE Invoice No.: 37398 Invoice Date: 29 January 2025 Our Ref: CCDD4317/LDU Invoice Amount: £1,920.00 Amount enclosed: Payments can be made by the following methods:. BACS Payments to Barclays Bank plc - Account Name Ellacotts LLP I Sort Code 20-71-141 Account Number 33593215 Cheque Payments should be made payable to ELL4COTTS LLP Credit Card Payments please contact ourAdmin department on +4410}1295 250401 International Payments IBAN: GB83 BARC 20711433 593215 - Swift Number: BARCGB22