COMPANY REGISTRATION IYUMBER 030716 SANDWELL COMMUNITY INFORMATION AND PARTICIPATION SERVICE LIMITED COMPANY LIMITED BY GUAIL4NTEE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Charity Number 1097702 SANDWELL COMMUNITY INFORMATION AND PARTICIPATION SERVICE LIMrrED COMPANY LIMITED BY GUAII4NTEE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 CONfENTS PAGE Memb¢ts of the Board and professional advisers Trustees Amiual Report Independent ¢xamineVs retKYrt ts) the meml Statement of financial activities (incorporating the income and expenditure acwunt) io Balance sheet li Not¢s to the financial statements 13 P¥ge I SANDWELL COMMUNITY INFORIIIATION AND PARTICIPATION SERVICE LIMITED COMPANY LIMITED BY GUARANTEE MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS Registered ehlrity name Sandw¢ll Community Inforniation and Participation Service Limited Charity number 1097702 Company registration number 03071683 Registered office 2nd Floor The National MetalfoTEuing CenttE 47 Birniingham Roa Wesl Bromwich West Midlands B70 6PY Dire¢tors and trnstees Mrs A M Docker Mrs H Amin Mr A D Averis Mrs E E Dunn Ms G Francis Ms K C Y Gordon Mrs J Grolltlwn Miss J Haydon M5 M Lipton Miss J E Purcell Mr T I￿rcell Ms S Smith Mr M J Sp¢ncer Mr L Turner Secretary M5 J MacmillaD llldepelldent exxmiDer Mr J S Pye FCCA 23 Carline Crescent Shrewsbury Shropshtre SY3 7EU Page 2 SANDWELL COMMUNITY INFORMATION AIYD PARTICIPATION SERVICE LIMrrED COMPANY LIMITED BY GUARALYfEE TRUSTEES ANNUAL REPORT (coxrfwied) YEAR ENDED 31 MARCH 2024 The Directors and Ttvstees. who arc also directo￿ for the pun)oses of company law, present their report and the unaudited fU￿]C1a1 statements of thc company for the year ended 31 March 2024. REFERENCE AIW ADMINISTRATIVE DETAILS Reference and administrative detsils aTe shown in the schedule ofm¢mb¢rs of theboard andprofessional advisers on page l of the financial statements. THE DIRECTORS AND TRUSTEES The Directors and Truste&s who served thc company during the pertod were as follows: Mrs A M D￿k¢T Mrs H Amin Mr A D Averis Mr T Davys MrsEEDur Ms G Francis Mr J Ga]lagher Ms K Y C Gordon Mrs J Grantham Miss J Haydon Ms M Lipton Miss J E Purcell Mr T Purcell Mr L Smith Ms S Smith Mr M J Spencer Mr L Turner Mr J Gallagher retired on 29 June 2023. Mr T Davys r¢tired on 28 July 2023. MT L Smith retired on 30 Septenlber 2023. Mrs H Amin appointed on 30 September 2023. Miss J Haydon appointed OD 30 September 2023. Page 3 SANDWELL COMMUNITY INFORMATION AIYD PARTICIPATION SERVICE LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT (cothtnmedj YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND ￿AGEMENT (a) Governing d(w¢nt Sandwell Community Information and Participation Service Limited {fornierly known as SarLdwell Tenants and Residents Fcderation Limited) achieved charitable status on 28 May 2003 (registered number 1097702) and is a company limited by guardntce {T¢gist¢red number 03071683). (b) Owisational 8trncture SaDdw¢ll Community Infornlation and Participation Service Limited (SCIPS) has a management ¢ommittee of up to 15 member8 who meet regularly and are resp)nsibEe for the stsategic direction and policy of th¢ cknity. A scheme of delegation is in place and day to day responsibility for the provision of services rests with a manager, Jan Macmillan who is responsible for ensuring that the¢harity delivers the services specified. The manager has responsibility for ensuring the day to day operdlional management of the rharity. individual supKrvision of the staff team and ensuring that the staff team continue to develop their skills and working practices in lin¢ with good practice. (c) Apwintment of truste¢s The directors of the company are a150 charity trustees forth¢ purposes of charity law. The company was established under a Memordndum of Association which estsblished the objects and wiwers ot the clwitable wmpany and is governed under its Articles of Association. In the evenl of the company being wound up members are required to contribute an amount not exceeding £1. Under the requirements of the Memorandwn and Articles of Association tnwlees are elected to the management committee to serve for a period of up to three years after which I￿Stee$ must be re•elected at the next annual general meeting. (d) Trustee induction and training New trustees ulldergo an orienlation day tobriefthem on legal obligations under ¢harity law, the content of the charitgs Memorandum and Articles of Association, the committee and decision making process and the recent fM)ancial performance of the charity. During th¢ induclion they meet key employees and other trustees and are supplied with a comprehensive board manual conlainitLg Copies of all current policies and procedures. TTUStees are encouraged to attend appropriate external training events where these will facilitate the understanding of their role. (¢) Risk management The trnst¢¢s have examined the major strat¢gi¢. business and opcrational issues wbt¢h the organisation faces. They confirni that systems ore in place to ¢nable regldar rewjrts to Ix produced so that neccssary steps be taken to reduce risks. Page 4 SANDWELL COMMUNITY INFORMATIOIY AIYD PARTICIPATION SERVICE LIMITED COMPANY LIMITED BY GUARAiYfEE TRUSTEES ANNUAL REPORT ¢￿￿￿¢41 YEAR ENDED 31 MARCH 2024 OWECTIVES AND ACTIvrriES The objects and principal activities of tbe charity are to promote the benefits of the residents of the Metropolitan Borough of Sandwell (SMBC) in the West Midlands by associating the residents, local authorities and voluntary organisations with ¢h¢ common aitll of: (a) advancing educatio￿ protectiug health and ffli¢ving poverty or sickness and (b) providing or as51Sting in thc provision of facilities in the intcrests of social welfare for le￿allOn and leisure time occupation. tn order. therefore, to fulfll its objects and principal activitics the charity pmvid¢s support, infomiation, training and advocacy to tenant and community groups in the Metropolitan Borough of Sandwell, thus ai]ning to provide communities with the confidcttce and skill to ￿abIethCrn to influence declsions which aff¢rt their hon]es and enviromnenl. ACH]EVEMENTS AND PERFOIIMANCE a) Continued delivery of core servi SCIPS has continued to deliver services and Support to tenants and residents, groups across Sandwell and has attended 128 community meetings throughout the year. During the year 12 Board m¢etings and 5 general open meetings have been held. In addition, we produced and circulaied 13 newsletters and uploaded over 540 news and funding articles ou our website wlll'ch was viewed 34,700 times. In Seplemb¢r 2023 we held our AGM with ihe SMBC Cabinet Tllember for Housing and th¢ ¢hair of the Sandwell's Tenant Auditor Group as keynote speakers. b) Supporting ihe delivery of the new housing regulatory framework The new framework became law in April 2024 and social housing landloTds have been developing planning the implementation of this over the past couple of years. SCIPS, CEO was a keynote speaker at SMBC'S A1￿Ual Tcnanl ConfeTen¢¢. We have supported the Tenant Auditor Group who have undertakcD audits on fire safety and complaints. We adverti￿ opportunities for tenants to get involved in housing initiatives thmugh our monthly newsletters and social media. c) Growing and developing Tenants, and Residents. Association5 (fRA's) The grant received from SMBC cnables us to provide ongoing advice and support to tenants, and residents, associations across Sandwell. In addition to providing support lo established TRA'S we were successful in setting up 2 ncw groups in Oldbury and West Bromwich. In Febnwy w¢ held a TRA network event enabling groups from across the Borough to mect to discuss common issues. Thi5 proved extremely Success￿1, and we intend to host th￿¢ network events quarterly in ihe fuiur¢. Page 5 SANDWELL COMMUNITY INFORMATION AND PARTICIPATION sER￿CE LIMITED COMPANY LIMtTED BY GUARANTEE TRUSTEES ANNUAL REPORT fcoJthnrrt4J YEAR ENDED 31 MARCH 2024 d) Delivering Digi-comm Power Up In 2023124 we successfully secured a grant from the Community Fund tArttery to continue to develop and deliver digital Irdining and support in the community. Our Digi-comm Power Up pt￿gra￿e is deliVe￿d in partnership with St Albans Community As80¢iation. Over the l&st 12 months we have Delivered 82 training and digital activity sessions in community V¢DU¢S. Worked intensively with 4 conunuDity ¢¢ntres and 4 care venues to help them develop a digital support offer. 39 families supported to usc digital to chart their child's PTogrc5s and to acces8 ¢hildeAre and school placements. Supported 18 older adults with digital support packages. Through the delivery of Digi-cornm we were able to support the distribution of frec digital equipment lo those in need. We wer¢ able lo allocate 41 Chromebooks and four 4G enabled dongles to participants of the project. Know Your Neigbbourh(M)d We were offered an uplift to our Digi-cotnm Lottery funding from the Governments. Know Your Neighbourhood Programme. The fijnding was for l year and we agreed to pilot the delivery of ourclick and Chat trdining in housing complexes with community rooms. The project also recruited Digital Champions to provide long tcrni digital support in the community. Tn 202314 we delivered 32 training sessions with 43 participants attending on average a 6-week ¢oursc, recrniled 18 digitsl ¢hampions who donated over 350 hours of time lo the project. ¢reated 36 new voluntttring opportunitics for digital champions to practice thcir skills. Hateley Cross Big L&)cal We have contiDued to support the Hateley Cross Big Local Partnership to deliver their community plan. The Partnership held 9 me¢¢ings and 2 away days to develop ideas and projccts and has delivered the following work. Major planting and improvements on 5 green spaces across the area. A bespoke Young Voices proj¢ct which worked ext¢n5ively with local s¢h(K)Is delivering activities and initiatives to build confidence, social responsibility and ellcourage cngagemenl in the wider community. A Community Navigator Project delivered by Sandwell Consortium whi¢h provides regular activities and has created a Men's Group who undertake gardening adivitics. Undertaken a Theory of Change process to help chart the impact the projecl has had on the Community over the last 10 years. Page 6 SANDWELL COMMUNITY INFORMATION AND PARTICIPATION SERVICE LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES AIYTr4UAL REPORT (con￿￿￿e￿) YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW SCIPS is reliant upon thc income derl ved from grants it receives from organisations such as Sandwell Metropolitan Borough Council (SMBC) and oth¢r grant making organisalions. The Service IKvel Agreement {SLA) with Sandwell MBC nms until 31 March 2026. On 4 May 2023 w¢ ¢ollllllenced delivery of the succession to our Digi-comm project, Digi-comm Power Up after SQ￿ring a £362,250 granL over three year& from the National Lotty R¢a¢hing Communities Fund. The SL2tement of Financial Activiti¢s shows a gross income of £571,743 (2023 £491,025) and expenditure of £530,974 (2023 - £431.309). The reseTVCS are primarily to cover the development and future runni￿ expenses of all aspects of the organisation. The excess Un￿Stricted reserve will be used to pilot activities and initialives which will enable SCIPS to secure fvnding for new areas of work in th¢ future. Reserves policy The trustees have ¢stablished a policy whereby the unrestii¢t¢d fimds not committed or invested in tangible fixed assets ("the free reserves'j held by the charity should be approximately 6 months basic runni￿ cosls and potential redundancy costs which equates to approximately £l(M),000 ingeneral hnds. PLANS FOR FufuRE PERIODS a) Supporting the delivery of the new housing regulatory framework We will continue to support tenants, engagement in the new housing tygulatory framework. SMBC has engag￿ us to deliver staff training to all frontline housing staff aro¥Jnd tenant engagement. We will be working to raise awwrness of the Consulller Standards which are critical in assessing thc F*rforn)ance of the housing service. b) Delivery of the Digi-comm Power Up Project Having su¢cessfidly completed the first year of the Digi-comm Power Up project. we will supp)rt a further 8 community venues in the coming Y￿ and support families and older peopl¢ to develop their digital skills. The Partnership have agreed to design a pilot projeci to explor¢ how we call cncourage use of online resources to support residents with the cost-of-living crisis. c) Restructure and Marketing Plan Throughout 2023124 SCIPS Board undertook a staff restructur¢. Having the right 8tatTin post they will be developing a nwketing strdtegy to betw promot¢ the organisation and to develop At m¢mbetEhip. d) Support to Hateley Cross Big Local Partnership We will support the Partnership in the delivery of the remainder of the Hateley Cross Big IA)cal Community Plan. The Partnership are in the final stagcs of the project having all￿ated most of their available funding and we will be working with the community and partneTS to S￿Ure thc legacy of th¢ programme and celebrnte its many achievements. Page 7 SANDWELL COMMUNITY INFORMATION AND PARTICIPATION SERVICE LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT (¢•1￿￿￿ed) YEAR ENDED 31 MARCH 2024 INDEPEI¥DENT EXAMINER Mr J S Pye FCCA is rctiring as independenl examiner. A new independent examiner will be appointed for the ell5Uillg year. SMALL COMPANY PROVJSIONS This report has betn prepared in accordance vlith the provisions applicable to companies entitled to the small companies, exemption. Registe￿d office: Signed by order of the Directors and Truslees 2nd Flc The National Metalfornling Centre 47 BiTmingham Road. West Bromwich West Midlands B70 6PY Ms J Macmillan Company Secretary 12 June 2024 Page 8 SANDWELL COMMUNITY INFORMATION AND PARTICIPATION SERVICE LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINERIS REPORT TO THE MEMBERS OF SAM)WELL COMMUNITY INFORMATION AND PARTICIPATION SERVICE LIMITED YEAR ENDED 31 MARCH 2024 I report on the accounls of the ¢ompany for the year ended 31 March 2024 which are set oul on pages Ioto 19. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AI4D EXAMllYER The tjuslees (who are also thc dircctors of Sandwell Community Inforniation and Participation Service Lirnited for the p￿￿K)SeS of company law) are responsible for the preparation of the a¢¢ounts. The tNstees ¢onsiderthat an audit is not reqUI￿d forthis year under section 14412) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the company is not subjeL* to audit under company law and is eligible for independent examination. it is my r¢S[￿)nsibIlItY to: examine the accounts under s¢ctiOD 145 of thc 2011 Act. to follow the procedures laid down in thc generdl Directions given by the Charity Commtssion nder section 145{5)Ib) of the 2011 Act. and to state whdher particular matters have come io my allenlioTh. BASIS OF JNDEPENDENT EK4MINER'S REPORT My examination was carried out in accordan¢¢ with the general Dtrection5 given by Ihe Charity Commission. An examination includes a review of the accounting rcci)rds kept by the company and comparison of the accounts presented with Ihose re¢ords. It also includes considerntion of any unusual items or disclosurcs in the accounts and seeking explanatiODS from you as tNslees ¢onceming ally such matters. The pmcedures undertaken do not provide all the evidence that would be required itk an audit and con5equenily llo opinion is given as to whether thc a￿OuntS present a Irue and fair view, and the re[￿ is limited to those matters set out in the statement below. Page 9 SANDWELL COMMUNITY INFORMATION AND PARTICIPATION SERVICE LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF SANDWELL COMMUNrrY INFORMATION AND PARTICIPATION SERVICE LIMITED YEAR ENDED 31 MARCH 2024 INDEPENDENT EXAMINER'S STATEMENT Sincethe company's grnss income exceeded £250.0(K) your eXaD]inermU￿ be amcmber of a body listed in section 145 of the 2011 Act. I confirm that I arn qualified to undertake the examinalion because I am a memlKr of thc Association of Chartered Certified A￿oulltants which is one of the listrd bodies. I have compl¢t¢d my examination and J confirni that no ￿￿tt¢r has come to tDy allention: (l) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with ￿tIOn 386 of the Companies A¢t 2006. and to prcpare accounts which accord with the accounting records. wmply with the accounting r¢quirements of section 396 of the Compani¢s Act 2(K>6 and the frirn] and contcnt of accounts set out in the Charitie8 (Accounts and Reports) Regulalions 2008 1)th¢T than any requirement that the a¢wunts give a 'tsue and fair, view which is not a matter cOnside￿d as part of an indq)endent ¢xaminatson hav¢ not been met. or (2) to whic14 in my Opinio￿ attention should be drnwn tn order to enable a proper unde￿tandIng of the accounts to be reached. Mr J S Pye FCCA Independent e￿aminer 23 Carlin¢ Crescent Shrewsbury Shropshire SY3 7EU 12 June 2024 Page 10 SANDWELL COMMUNITY INFORMATION AND PARTICIPATION SERVICE LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES {IIYCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2024 Unrestricted fund$ Restrlcted funds Total fuDd5 2024 Total funds 2023 Note INCOMING RESOtJRCFS Incoming resou￿&¥ from genernling nds: Inv¢stm¢nt in¢ome Incoming resources from chATitable activitie6- giants receiwdbl Other in¢timing resources 2,403 2A03 461 160,000 4,424 404,916 564,916 4,424 487.650 2.914 TOTAL INCOMING RESOURCES 166.827 404,916 571,743 491,025 RESOURCES EXPENDED Charitsble activities Governaoce Costs {139g89) (28.483) (361502) (502,491) (28,483) {380,728) (50,581} TOTAL RESOURCES EXPENDED (168,472) (362,502) (530,974) (431,309) ET IP4COMINGI(OUTGOING) R£SOURCES FOR THE YEARINET INCOMEI(EXPENDrruRE) FOR THE YEAR (1,645) 42A14 40.769 59,716 RECONCtLIATION OF FUNDS Total fiJnd5 brought fonvard 145,931 55953 201,884 l42.168 TOTAL FUNDS CARIUED FORWARD 144,286 98J67 242,653 201,884 The Statement of Financial Activitics includes all gains and losses in the year and ther¢fore a statement of iotsl ￿oSnI8Cd gains and losses has not been prepared. All of the above amounts relate to continuing activities. The notss OD pages 13 to 19 forni part of these fjnan¢i81 ststement Page 11 SANDWELL Co1￿ImuNlTy INFORMATION AND PARTICIPATION SERVICE LIMITED COMPANY LIMITED BY GUARANTEE BALANCE SHEET 31 MARCH 2024 2024 2023 Note FIXED ASSETS Tangible assets 2210 2.619 CURRENT ASSETS Debtors Cash at bank and in hand io 1,652 246,550 248.202 (7.759) ,627 276,282 277,909 (78,644) CREDITORS: amounts falling due IvithiD one year li NET CURRENT ASSETS 240,443 199,265 TOTAL ASSETS LESS CURRENT LIABILITIES 242,653 201.884 NET ASSETS 242,653 201,884 FUNDS Restricted inwme fijnds Unrestricted income funds 12 13 98J67 144,286 242,653 55.953 145,931 TOTAL FiiNDS 201,884 For the year ended 31 March 2024 the company was entitled to exemption from audit under wtion 477 of the Companies Act 2006 relating to small companies. Directors and trnstees, Tespon$ibilities: the memba3 have not required the company to obtain an audit of its accimmts for the year question in accordance with section 476. and the Directors and Trnstees acknowl￿ge their responsibilities for complying with the requirements of the Act with Tespect to accounting re¢or(Ls and the preparation of accounts. The balance sheet colltinves on the following page. The notes on pages 13 to 19 form part of these fi￿￿£1&1 st*tements. Page 12 SANDWELL COMMUNITY INFORMATION AND PARTICIPATION SERVICE LIMITED COMPANY LIMITED BY GUARANTEE BALANCE SHEET(¢o*th4e4) 31 MARCH 2024 These ac¢ounÉs have been prepared in accoTdan¢¢ with the provisions applicable to rompallies subject to the small companies, regime and with the FRS 102 Section IA- Small Entities. These financial stalements were appToved by the Directors and Trustees and authorised for issue on the 12 June 2024 and are signed on their behalf by". /LZ Mrs A M Dockcr Director Company Registration Number. 03071683 The notes on pages 13 to 19 form part of th¢se fiuntiAI statements. P*ge 13 SANDWELL COMMUNITY INFORMATION AND PARTICIPATION SERVICE LIMITED COMPANY LIMITED BY GUAII4NTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Ba51% of accounting Th¢ financial statements have been prepared in accordance with the Charities SORP 'Accountifig and Reporting by Clwities: Statement of Recommended Practice appli¢able to charities preparing their accounts in accOrdar￿e with FRS 102 Section IA- Small Entitie5', the Companies Act 2006 and the Charitics Act 201 I. Cash flow statement Thetrnstees have taken advantage ofthe exemption in Financial Reporting StandardNo l (revised) from including a Gash flow statement in the finan¢ial statements on the Erounds that the company is small. Comp74Dy Status The charity is a company limited by guarantee. The members of the Company are the trustees named otL the rnember5 of the boaftl page. In the event of the charity being wound up the liability in respect of the gL￿an￿ is limited to £1 per membcr of the cbarity. FuDd #¢¢ountlng Gen¢ral funds are unrestricted funds which are availabl¢ for use at the discretion of the trustees in filltherdnce of the general objecttv¢s of the clwtty and wbich hav¢ not becn designated for other purposes. Designated fvnds comprise of unrestricted funds that have been Set aside by the tru8t¢¢$ for particular pu￿08¢$. R¢strict¢d fimds ar¢ fimds which are to be used in accordance with specific restrictions imrKised by donors or which have been raised by the Charity for particular putposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each fund is set out in the notes to the fllwlcial statements. ID¢oming resources All incoming resources ar¢ included in the ststement of financial activities when the ¢P￿rity is enlitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to parti¢ular categorie5 of income: Voluntary income is received by way of grants. donations and gifts amd is included in full in the statement of financial activities when receivable. Grdnts, where entiilem¢nt is not conditional on the (kliv¢ry of specific pcrforni&nce by the charity. Are recognised when the charity become8'.- PIEe 14 SANDWELL COMMUNITY INFORMATION AND PARTICIPATION SERVICE LIMITED COMPANY LIMtTED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 ACCOUNTING POLlCtES Unciynditionally entitled to the grant. Grants, where related perforniance alld specific deliverabl¢s, are accounted for as th¢ charity earns the right to considerdlion by p¢rfornwice, Donated services and facilities are included at the value to the ¢hatity wherc this can be quantified, Jnvestment income is included where receivable. Resour¢es ¢xptnded Resources expended are recognised in the p￿10d in whith they Jse incurred. Resources expended include attributable VAT which cannot be ￿0vered. Costs of generating fimds comprise the costs associated with attracting voluntary income and the cost of trading for fimdraising purposes. Charitable expenditure ¢omprises those costs incurred by the choriiy in the deliveryof its activities and services for ils b¢n¢fi¢iaries. It includes both costs that Can b¢ allocated directly to such activities and thosc costs of an indirect nature necessary to support them. Governan¢¢ ¢i)sts include those Costs associated with meeting the constitutional and slatutory requirements of ihe charity and include accountancy fees and costs linked to the strdtegic management of the charity. All cO￿S are allocated between the expenditure Categories of the statcment of fjnancial activities on the basis designed to reflect the use of the resourcc. Cosls relating to a particular activity are allo¢at¢d directly, othcrs are apportioned on an appropriate basis. Fixed Assets Ail fixcd assets initially r¢corded at cost. Depredation D¢pre¢iation is calculated so as to write off the cost of an asset. less its estimated r¢sidual value, over the ￿￿ful ￿onoMiC life of that asset as follows: Fixthrcs and equipment- 15133/0 on a strdighi-line basis Pfdge 15 SANDWELL COMMUNITY INFORMATION AND PARTICIPATION SERVICE LIMITED COMPANY LIMtTED BY GUARANTEE NOTES TO THE FIY4ANCIAL STATEMENTS YEAR ENDED 3] MARCH 2024 ACCOUNTING POLICIES C¢owdw¥¢dJ Opernting lease agreements Rentals applicable to operaling l¢as¢s where substantially all of the benefits and risks of ownership remain with the lessor are charg¢d against proflts on a straight-lin¢ basis over the perAcKI of the lease. INVESTMENT INCOME Unrestricted Total funds Total funds funds 2024 2023 Investment income 2,403 2,403 461 INCOMtNG RESOURCES FROM CHAIUTABLE ACTIvrriES . G￿l￿rS RECEIVABLE Unrestricted Restricted TotAI ￿lld$ Toial funds funds funds 2024 2023 SMBC Core Grdnt Big Lo¢al Trust - Hateley Cross Grnnl Know Your Neighbourhood R￿bIng Communitics- Digi-¢oD)m Reaching Communities- Digi