COMMUNITY CONNEXIONS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
COMMUNITY CONNEXIONS CONTENTS Page Trustees. report Independent auditors report Statement of financial aCt[veS Statement of financial positson 10 Statement of cash fl¢JWS 11 Notes to the financial statements 12-24
COMMUNITY CONNEXIONS LEGAL AND ADMINISTRATIVE INFORMATION Trustees Paul James (Chair) Claire Thompson {resigned 3.12.24) Ajan Charfes Machin {resigned 3.12.24) Jacqueline Millar (TreaSUr) Bary Chapman (resigned 19.02.25) Sarah Rowan Sarah Whf(elock Geoffrey York Mark Jonathan Holliday (resigned 10.09.24) Edward Timothy Richard Tallents TraY Smart Victoria Atherstone (appointed 10.09.24) Graham Hewttt (appointed 29.04.25) Matthew Whrf(e (appointed 21.01.25) Charity number (England and Wales) 1119310 Company number 05880006 Registered office Suite 14 Bizspace Corinium House CoriniumAvenue Bamwood Point GIoUSter GIoUsterShIre United lfjngdom GL4 3HX Auditor BK Plus Audtt Limited {StatutoryAudtior) 6 Manor Park Business Centre Mackenzie Way Cheltenham Gloucestershire GL519TX Bankers HSBC UK 2 The Promenade Chettenham GIoUsterShIre GL50 1LR Chief Executive Officer Paul Riddick
COMMUNITY CONNEXIONS TRUSTEES. REPORT FOR THE YEAR EIVDED 31 MARCH 2025 The trustees who are also directors of the charity for the purposes of Ihe Companies Act 2006, present their report th the financial ststements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporttng by Charitses: Statement of Recommended Practice applicable to charities preparing their accounts in accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019). Objectives and activities The objectives of the charity according to its Mernorandum and Arbcles of Association are to provide transport services and volunteering opportunities in the County of GIOUStershIre and surrounding areas {hereinafter called 'area of benefit,) and to promote any charitsble purpose for the benefft of the community in the area of benefit. The core acttvty of the chanty is the provision of transport for people with mobilty problems in the area of benefit, thereby tackling loneliness and social isolation and promoting Independen and an improved quality of life. In planning the charity's activitses for the year, the trustees kept in mind the Charity Commissi(rJ's guidance on public benefit. The focus of the charity's activitses during the year. which explains the delivery by the charity of public benefit, is set out belaw under 'achievement and perfomiance.. Achievements and performance This financial year our total number of passenger trips has increased again, although in most categories has not reached pre-pandemic levels. The eXPtiOn being the number of passengers on our registered bus routes, which is good news. Our Robin services (Demand Responsive Transport run on behalf of Gloucestershire County Council) have been embedded wthin our organisation, wtth usage growing month on month across all three areas ewkesbury, South Cotswolds and Berkeley Vale). The Robin operates betsveen 7am and 7pm, six days a week. Durtng the year we have intrOdUd two new positions, a Volunteer Manager and a Business Development Manager. Wrthout volunteers Communty Connexions could not offer the service r( does to the most vulnerable in our communities. Our volunteers use their own cars to transport people who have no other means of travel - to health appointments. day centres, to visit loved ones or to get some essential shopping. The Volunt&r Manager. Ed Tumill, aims to increase the number of volunteer drivers so we can improve our offer to assist more people. The role of the Business Development Manager is to grow our partnerships wrth other charities and organisations and offer special trips basically days out to socialise, go somewhere different and have some fijn. This has a positive impact upon people's hearth and wellbeing, and an opportunity to sociali5e and experience something a bit different. Because of our organic growth, we had to move into larger offices at our esting site in Bamwood, Gloucester. We now have SLrfficient space to operate effictently and effectively. We have been financially supported by several charitses through grants - National Lottery, Bamwood Trust, Thriving Communities, Health & Wellbeing fund, amongst others. We very much appreciate this assistsnce which has allowed us to provide essential transport for the most vulnerable in our communities. We have also continued our close working partnership with Gloucestershire County Council and we are grateful for their continued support. Governance The Board has met in person throughout this financial year, although there is an option to join on Teams if it is not convenient to travel. This year the AGM was an open event at GIOuster Ruby Club {Kingsholml and was very well attended. It was chaired by Paul James. It was postttve to meet everyone fa to face and was the ideal opportunity to thank our volunteer drivers, who assist the charity greatty. It was also a pleasure to introduce our Patron, Dr Cathy Stannard, to our guests. Dr Stannard is a fantastic asset to our chartty and has a great deal of strategic knowledge to guide us. All governan cornplied wth Chartty Commission guidance. At the AGM of our most experien Trustees stood down, due to tenure. Our thanks to Claire Thompson and Aan Machin for their valuable input over the years. In their place we have recruited new Trustees, all of whom possess signnlcant sknlls and experien in their fields.
COMMUNITY CONNEXIONS TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Our People We would like to thank our staff and volunteers for their commitment through the year. To accommodate the additional demand in the year we employed one addtbonal customer service assistant in the office. The biggest challenge during the year was recruittng new volunteer drivers to replace those who did not retum after lockdowns - this totalled about a third of volunteer numbers. It was evident that volunteer recruitment post-pandemic was much more difficutt than before (this phenomenon has been experienced across the third sector). and the charity has expended a great deal of effort and innovation in recruttment drives. This has been necessary because demand increased throughout Ihe year, not only from existing passengers but also from new Members. Largely demand was related to attendance at health appoinlments and at some points Membership was growing at beeen five and eight a week. Obviously, this meant travel requests grew exponentially, InCasing the necessity to recruit more volunteer driver5. The recruitment process was partially successfijl. and numbers have grown. but will need to continue just to get back to pre-pandemic levels. Of course, even more volunteer drivers than that would be useful and welcomed. Our stsff and volunteers have again provided a qualty service in sometimes difficult circumstanc, and we are extremely grateful for their professionalism. dedication and enthusiasm. Financial review The financial resu]ts for the year 2024125 show a significant improvement on the prior years, driven by the winning of a new multiyear £740k a year contract that started part way through the financial year. The underfying business also grew revenues by 6%. During the year 2024125, the Charity generated an income of £1,676,499 and had a total expenditure of £1,473,944 resulting in a surplus of £202.555 for the year. The principal source of fijnding has continued to be from the core charitable acttvities promded through grants and fares for individual services. Expenditu increased durtng the year. with the main pressure continlnng to relate to salaries as the minimum wage rises. All expenditure is closely monitored to ensure the charity athieves best value for money across all areas. Reserves policy The Trustees consider the financial integrity of the charity as part of their ongoing review of tIE risks facing the organisation. The aim of the Trustees is to increase the Charity's free reserves (being those unrestricted reserves that are not represented by the value of the fixed assets) to equate to gross budgeted expenditure for three months. The total reserves held at 31 Marth 2025 were £444.340, of which £398,499 were free reserves, £13,626 were part of the capttal reserve, and £32,215 were restricted reserves. Three months, gross budgeted expenditure currently equates to circa £428,578 {i.e., one quarter of the totsl expenditure of £1,714.313). Our free reserves at 31 March 2024 were £205,418. This position conb.nues to improve year on year, and our forecasts show we will reach this target in the near future. Plans for future periods Our vision 15 that everyone in Gloucestershire has the personalised transport services they need to lead fvll and active lives. During the financial year demand for our services has continued to increase. In order to try and meet that demand we will need more volunteer drivers (volunteer numbers decreased significandy during the pandemic and have not recovered)- To that end we recnjited a Volunteer Manager who wll recruit, train and be the point of contact for volunteers. Through our Business Development Manager, we wrll increase our partnership work across the wunty, both statutory and non-statutory, for the benefit of the most vulnerable people in our communities.
COMMUNITY CONNEXIONS TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 We also intend to cary out a strategic review of our l.T. systems to improve fiJncttonality. The review wll help identify the specific technology needs of our chartty. consider current and futu business requirements, and emerging trends. This should improve the customer experien and indude integration with our website and, hopefully, an app. These initiatives should enable the charity to expand its offer and move t¢)wards achieving its ambition. Structure? governance and management The charity is govemed by the Memorandum and Articles of Association dated 18 July 2006. as amended by special resolutions on 28 September 2006, 2 March 2007, 28 September 2009, 25 March 2014 and 2 October 2018 and a board resolution on 15 December 2009. On 19 June 2015 by Special Resolution, the charity changed its name from Third Sector Services to Community Connexions. Recruitment and appointment of trustees Power of appointment of new trustees is vested in the surviving or continuing trustees. Organisational structure In accordance wtth tts constttution the chartty is controlled by a Board of Trustees that meets at least quartedy. There are beeen five and fifteen trustees at any one time, all of whom are elected every year at the Annual General Meeting. One third of the board must retire at each Annual General Meeting but in accordan with the Memorandum and Articles of Association may be re-elected. The Board meets quarterfy but has four commrttees which report to the Board on their portfolios, The committees are Finance, Community Engagemerrt, Policy and HR, and Business Development and Operations. Each Committee is chaired by a Trustee (utilising their areas of experttsel, has at least one fiJrther Trustee as a member, together with the appropriate staff members. In this way the Trustees, knowtedge and expertence can be utilised to take the charity fotward. Pay for all staff is set by the fijll Board after taknng advi from the Finance committee. That ommittee benchmarks salaries whilst remaining mindful of the charivs budget. Induction and training of trustees The charity has a structured trustee recruitment process. One of our most eXperIend Trustees will step down at the AGM but the charity has sucsSfullY recruited several new excellent qualty Trustees. Their knowledge and experience has great]y contribLrted to the charity. One of our strengths is the quality and dynamism of our Board, utilising their skills through sutpcommittees to improve our Servi and ensure compliance wth regulations. Trustees are appointed followng wrttten application and interview and upon receipt of satisfactory references. As part of the recruitment process, they meet with the Chief Executive, existing trustees and visit the office, to help them gain a detailed insight into the semces Communty Connexions offers as well as the role and responsibilities of a trustee. New trustees are supported by the Chair and Chief Executtve to understand their role and responsibilities. As part of their induction programme, they meet with key members of the staff and volunteer team, experience some of the transport services from the Servi user perspective and are also given copies of all key charity documents and signposted to relevant Charity Commission guidan. Reniuneration policy Remuneration of the Senior Management Team is revIevd annually by the Board, vrith reference to benchmark figures against similar roles in the sector. Related parties The charity has no trading subsidiary undertakings or related organisations, save for tts dormant subsidiary company, Community conneOn5 Trading Limited.
COMMUNITY CONNEXIONS TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Risk management The Irustees acknowledge their responsibility to manage risk on behalf of the organisation. They have analysed risks beeen. - govemance operations - finan - external factors intemal factors - compliance - road risk (wth regard to Communty Transport) The trustees monitor the charity's exposure to risk going forward. They are content that they identified and mitigated against the major risks faced by the organisation during the year. They are satisfied that systems are in place to manage exposure. In 2024125 the major risks were identtfied as; Further increases in N.1. and minimum wage would impact our business plan - Volunteer recruitment insufficient to meet growing demand. Business plan relies heavily on GCC contracts. Council devolution could affect funding. - Employment law changes could affect the business plan Through careful management none of those risks had any major impart upon the charity but. of course, some remain a risk going forward. Statement of trustees. responsibilities The trustees (who are also the directors of Communty Connexions for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance wth applicable law and United Kingdom Accounting Standards (United Ktngdom Generally Accepted Accounting Practtce). The law applicable to charities in England and Wales requires the trustees to prepare financial ststements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial ststements. the trustees are required to: select suitable accounting policies and then apply them consistenuy, observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudenL stste whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements- and prepare the financial ststements on the going concem basis unless it is inappropriate to presume that the chartty will continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware.. - there is no relevant audit InfonatiOn of which the charttable companvs auditors are unaware.. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
COMMUNITY CONNEXIONS TRUSTEES. REPORT (CONTINUED) FOR THE YEAR EIVDED 31 IlffARCH 2025 This report has been prepared in accordance with the special prowsions of Part 15 of the Companies Act 2006 relating to srrrall companies. Approved by order of the board of trustees on and signed on its beha by. Paul James - Trustee 4 November 2025
COMMUNITY CONNEXIONS INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF COMMUNITY CONNEXIONS Opinion We have audited the financial statements of Communty conneOn$ (the 'charity') for the year end8J 31 March 2025 which comprise the ststement of financial activities. the statement of financial position, the statement of cash flows and notes to the financial statements, including signtficant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Finanaa/ Repothiig St8ndardapp/ic8ble in the UKand Republic 01 /reland(United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements- give a true and fair view of the state of the charitls affairs as at 31 March 2025 and of tts incoming resources and application of resources, for the year then ended- have been propedy prepared in accordance wtth United lfjngdom Generally Accepted Accounting Practi. and have been prepared in accordance with the Charities Act 2011. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilffjes for ihe audit 01 the financial statements section of our report. We are independent of the charity in accordance wtth the ethical requirements that are levant to our audit of the financial ststements in the UK, including the FRC'S Ethical Standard, and we have fijlfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtsined is SLfficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the chartty's ability to continue as a going concem for a period of at least hvelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibiltties of the trustees respect to going concern are described in the relevant sections of this report. other information The other inforniation comprises the infomiation included in the annual report other than the finala1 statements and our audilols report thereon. The trustee5 are responsible for the other infomation contained within the annual report. Our opinion on the financial statements does not cover the other infomation and we do not express any form of assurance conclusion thereon. Our responsibilty is to read the other information and, in doing so. consider whether the other infomation is materially inconsistent with the financial ststements or our knowledge obtained in the course of the audit, or othewse appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to deterynine whether this gives rise to a materol misstatement in the financial statements themselves. If. based on the work we have perfomed. we conclude that there is a matertal misstatement of this other infomiation, we a required to report that fact. We have nothing to report in this regard. Matters on which we are requAred to report by exception We have nothing to report in respect of the followng matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you rf. in our opinion= the information given in the financial statements is inconsistent in any material respect wth the trustees, port; or sufficient accounting records have not been kept., or the financial ststements are not in agreement WFth the accounting records; or we have not received all the information and explanations we require for our audtL
COMMUNITY CONNEXIONS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF COMMUNITY CONNEXIONS Responsibilities of trustees As explained more fully in the ststement of trustees, responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's abilty to continue as a going concem, disclosing, as applicable. matters related to going concem and using the going concem basis of accounting unless the trustees either intend to ase cperations, or have no realistic atternative but to do so. Auditovs responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial ststements as a whole are free from material misstatement, whether due to fraud or error. and to issue an Auditorfs Report that includes our opinion. Reasonable assurance is a high level of assurance, but it is not a guarantee that an audit conducted in accordance with ISAS (UK) wll always detect a material misststement when it exists. Misstatements can arise from fraud or error and are consided material if. individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users tsken on the basis of these financial statements. Owng to the inherent limitations of an audtt, there is an unavoidable risk that. despite us planning and perfoThing our audri in accordan with the auditsng standards. one or more material misstatements in the financial statements may have gone undetected by our audit. As wth any audit, the is a risk that irregularities and fraud will go undetected where they involve matters such as misrepresentations from management, collusion, deliberate ornissions and override of controls. It is not the role of the auditor to prevent non-compliance and we cannot be expected to detect every instance of non<ompliance with all laws and regulations. In identifying and assessing risks of material misstatement in respect of irregulartties, including fraud and non- compliance with laws and regulations, our procedures included the followtng.. enquiries of management including a pre audrt meeting- obtaining and reviewng supporting documentation of policies conMIng the laws and regulations applicable to the business- understanding how the company complies wth its regulatory framework by making enquiries of management., considering the culture inherent in the company and whether this represents a cutture of honesty and ethical behaviour a strong emphasis of detection and prevention of fraud. We assessed the susceptibilty of the ¢ompanVs financial statements to material misststement and considered how fraud might occur. The audit procedures perfomied included, but were not limited to: challenging management assumptions and estimates; identifying and testing unusual joumal entries-, assessing how the relevant laws and regulations have been complied with and noting any instan5 of non compliance", reviewing the financial statements for compliance with relevant Accounting Standard5 and accounting legislation applicable to a small company., considering how those charged wtth governance have addressed the possibilty of an override of essential controls or other influence over the financial reporting processes. In addition, we also considered other non financial laws relevant to the company. These do not neSsarilY have a direct influence on the financial statements but might affect the company's abilty to operate. A fvrther description of our responsibilities is available on the Financial Reporting Council's websrte at- https'.11 www.frc.org.uklauditorsresponsibilities. This description forms part of our auditorfs report.
COMMUNITY CONNEXIONS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF COMMUNITY CONNEXIONS Other matters Your attention is drawn to the fact that the charity has prepared financial statements in accordance wth "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 1021" las amended) in Prefence to the Accounting and Reporting by Charities: Ststement of Recommended Practice issued on 1 April 2005 which is referred to in the extsnt regulations but has now been withdrawn. This has been done in order for the financial ststements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice. Use of our report This report is made solely to the charity's trustees, as a body, in accordan wth Part 4 of the Charities {Accounts 8nd Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fijllest extent pemiitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report. or for the opinions we have fomied. Roger Downes FCA (Senior Statutory Auditor) For and on behalf of BK Plus Audit Limited, StstLrtory Auditor Chartered Certified Accountants 6 Manor Park Business Centre Mackenzie Way Cheltenham Glouceslershire GL519TX 25 November 2025
COMMUNITY CONNEXIONS STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Total Unrestrict•d Restrictad funds funds Total funds 2025 funds 2025 2025 2024 2024 2024 Notes Income and endowments from: Donations and legacies Charitable activities Investments Other income 130 1,490.221 4,769 588 130 1,671,012 4.769 588 10,602 902,440 2.782 74 10,602 126,507 1,028,947 2,782 74 180,791 Total incomè 1.495,708 180,791 1,676,499 915,898 126,507 1,042,405 Expenditure on: Charitsble activtbes 1.299.373 174.576 1,473.949 899.369 100,507 999,876 Total expenditure 1.299,373 174.576 1.473.949 899,369 100,507 999,878 Net income and movement in funds 196.335 6,215 202,550 16,529 26,000 42,529 Reconciliation of funds: Fund balan$ at 1 April 2024 215,790 26,000 241,790 199,261 199,261 Fund balances at 31 March 2025 412.125 32.215 444,340 215,790 26,000 241,790 The notes on pages 12 to 24 fonn part of these financial ststements.
COMMUNITY CONNEXIONS STATEMENT OF FINANCIAL POSITION AS A T 31 AfARCH2025 2025 2024 Fixed assets Tangible assets Investments 11 12 25.126 24.872 25,127 24,873 Current assets Debtors Cash at bank and in hand 14 254,333 340.838 143,620 252.193 595,171 395,813 Creditors: amounts falling due within one year 15 (146.6051 (143.457) Net current assets 448.566 252,356 Total assets less current fjabilities 473,693 277,229 Cred•tor&" amounts falling due after more than one year 17 129.3531 {35,4391 Net assets 444.340 241,790 The fvnds of the chaiity Restricted income funds Unrestricted fvnds 32,215 412,125 26,000 215,790 21 444,340 241.790 The notes on pages 12 to 24 form part otthese financial statements. These financial statements have been prepared in accordance wtth the provisions applicable to companies subject to the small companies regime. The financial ststerrEnts were approved by the trustees on 4 November 2025 Paul James - Trustee 10-
COMMUNITY CONNEXIONS STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating activities Cash generated from operations 26 99,815 36,551 Investing activities Purchase of tsngible fixed assets Inveslment income received (10.003) 4,769 (16,143) 2,782 Net cash used in investing activities {5,234) (13,361) Financing activities Repayment of bank loans (5.936) (5,787) Net cash used in financing activities (5,936) {5,787) Net increase in cash and cash equivalents 88,645 17,403 Cash and cash equwalents at beginning of year 252,193 234.790 Cash and cash equivalents at end of year 340,838 252,193 The notes on pages 12 to 24 form part of these finanoal statements. 11
COMMUNITY CONNEXIONS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information The Charity is a company limited by guarantee (company number. 05880006 England & Wales) and a charity registered with the Chartty Commission in England and Wales {charity number. 11193101. The registered Offi is Suite 14 Bizspace Corinium House, Corinium Avenue. Bamwood Point, GIoUster, Gloucestershire, Untted Kingdom, GL4 3HX. 1.1 Accounting convention The financial statements of the charitsble company, which is a public benefft entity under FRS 102, have been prepared in accordance wf(h the Chartties SORP {FRS 102) Accounting and Reporting by Charilies.. 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 IFRS 102) (effective 1 January 20191,, Financial Reporting Stsndard 102 The Finanaal Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investrnents which are included at market value. 1.2 Going concern The Trustees have considered the future forec2sts to address the on-going viability of the Charity. Budgets were prepared for 2025126 and 2026127. These budgets do not raise any issues. Management accounts have been prepared to 31 August 2025 which shows results broadly in line wth budget. As a result. the Trustees are confident that there are no material unrtaIntieS about Ihe ability to continue and that the Charity remains a going concem. 1.3 Preparation of consolidated financial statements The financial statements contain information about Community Connexions as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399{2AI of the Companies Act 2006 from the requirements to prepare con501idated financial statements. 1.4 Income All income is recognised in the Statement of Financial Activities once the chartty has entitlement to the fijnds, it is probable that the income will be received and the amount can be measured reliably. Where entitlement to grant income is subject to perfOnan conditions, income is recognised as the perf0Than conditiots are met. 1.5 Expenditure Expenditure is recognised On there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic beneffts wll be required in settlement. and the amount of the obligation can be measured reliably. Expendtture is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be diredy attribLrted to particular heading they have been allocated to activtlies on a basis consistent with the use of resources. Govemance costs are incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory complian. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequentty measured at cost or valuation, net of depreciation and any impairment losses. 12-
COMMUNITY CONNEXIONS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIVDED 31 MARCH 2025 Accounting policies (Continued) Depreciation is recognised so as to Wlte off the cost or valuation of assets less their residual values over their useful lives on the followng bases.. Fixtures and fittings Computers Motor vehicles 250/0 on cost Over the period of the lease The gain or loss arising on the disposal of an asset is detemined as the drfference beeen the sale proceeds and the carying value of the asset, and is recognised in the statement of financial activities. Assets costing greater than £500 are capitalised as tangible fixed assets. Those costing less than £500 are written off to the SOFA in the year that the expendtture is incurred. 1.7 Fixed asset investments Fixed asset investments are inibally measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net incomel(expenditure) for the year. Transaction costs are expensed as incued. A subsidiary is an entity controlled by the chartty. Control is the power to govem the financial and operating policies of the entity so as to obtain beneffts from its activtttes. 1.8 Debtors Trade and other debtors are recognised at the sethement amount. Prepayments are valued at the amoLmt prepaid. 1.9 Cash and cash equivalents Cash and cash equivalents include cash and short term highly liquid investments wtih a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.1 O Financial instruments The chaty only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are inibally recognised at transaction value and subsequently measured at their setuement value. 1.11 Taxation As a recognised chartty. the organisation is exempt from Corporation Tax as far as it relates to r(s charitable objects. It is not, however. exempt from VAT and irrecoverable VAT is induded in the costs of those items to which it relates. 1.12 Leases Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. 1.13 Related party exemption The charitable company has taken advantage of exempb'on, under the temis of Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland,, not to disclose related paty transactions wth wholly owned subsidiaries within the group. 13-
COMMUNITY CONNEXIONS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.14 Fund accounting Unrestricted funds can be used in accordan with the charitable objectives at the discretion of the trustees. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set OLrt in the notes to the financial statements. Restricted funds can only be used for particular restricted purpose5 the objects of the chaiity. Restrictions arise when specified by the donor or when funds are raised for particular restrrcted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 1.15 Liabilities Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit wll be required in settlement, and the amount of settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt. Critical accountin9 estimates and judgements In the application of the thartty's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carying 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. Depreciation of tangible fixed assets is based on the Chartty's judgement of their useful lives and residual values. The depreciation rates used are disdosed in the tangible fixed asset policy above and the carrying values are disclosed in the note below. Where entiuement to grant income is subject to performance cOndons. income is recognised as the perfomiance conditions are met. Income from donations and legacies Unrestricted fund 2025 Unrestricted funds 2024 Donations and gifts 130 10,602 Income from investments Unrèstricted Unrestricted funds funds 2025 2024 Interest receivable 4,769 2,782 14-
COMMUNITY CONNEXIONS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from charitable activities Total 2025 Total 2024 Activity Grants Fares Registration Fees Fundraising 1.224,054 428,100 18,768 90 545,627 462.069 21,072 179 1.671,012 1,028,947 Performance related grants analysis Total 2025 Total 2024 Gloucestershire County Council- SLA grants Gloucestershire County Council - Minibus Levelling Fund North Cotswolds Set Up Grant Social Services Transport Bus servi Operators Grant Gloucester Communty Foundation Freemasons Charity Amold Clark- Communty Fund Hospital Transport Langtree Trust Renishaw PLC Bamwood Trust Inman Charity Severn Trent J&M Britton 1,015,650 93,120 57,821 41,623 8,490 2.500 2,000 1,000 850 500 500 362,899 100,699 38,728 15,493 4.000 2,000 500 7,500 5,000 4,808 4,000 1.224,054 545,627 15-
COMMUNITY CONNEXIONS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable activities Total 2025 Total 2024 Direct costs Staff costs Depreciation Vehide leasing Other vehicle expenses Insurance Telephone Postage and stationery Advertising Sundries Bank charges Propety costs Computer costs Volunteer drtver expenses Training and recruitment Legal and consultancy Professional fundraisers Interest payable and similar charges Bad debt provision Staff travel expenses 871,382 9,749 262,249 172,076 4,864 9,240 4,714 1,803 2,016 1,605 42,592 15,690 33,516 15,429 607,640 6,287 138,132 111,871 4,120 7,279 5,098 6,889 1,403 1,371 31,926 16,792 35,566 2,523 240 15,600 1,117 16,100 967 2,214 886 1,467.939 993,854 Share of support and governance costs (see note 7) Govemance 6,010 6,022 1,473,949 999,876 Analysis by fund Unrestricted funds Restricted funds 1,299,373 174,576 893,347 100,507 1.473,949 993,854 16-
COMMUNITY CONNEXIONS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Governance costs allocated to activities 2025 2024 Auditors, remuneration 6,010 6,022 Net movement in funds 2025 2024 The net movement in funds is stated after chargingl(crediting)'. Auditors, remuneration Depreciation of owned tangible fixed assets Operating lease charges 6,010 9,749 262.249 6,022 6,287 138,132 Trustees None of the trustees (or any persons connected with them) reIVed any remuneration or benefits from the charity during the year. Trustees are paid expenses for attending meetings and duttes directly related to their duties as a trustee. No trustee was reimbursed expenses in the year (2024: £nil). 10 Employees The average monthly number of employees during the year was: 2025 Number 2024 Number Full time Part time 23 20 11 26 Total 43 37 Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 803,834 56,498 11.050 567,188 32,332 8,120 871,382 607,640 There were no employees whose annual remuneration was more than £60.000. Remuneration of key management personnel In 2024, the key management personnel of the charity comprised the Chief Executive Officer, the Transport Manager, the Finance Manager and the Marketing Manager_ In 2025. there have been the additions of the Volunteer Manager and the Business Development Manager. The total employee benefrts of the key management personnel of the Charity were £140,797 (2024: £132.842). 17-
COMMUNITY CONNEXIONS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Tangible fixed assets Frytures and Computers fittings Motor vehicles Total Cost At 1 April 2024 Additions 14.792 2,073 37,700 3,000 52.492 10,003 4.930 At 31 March 2025 4.930 16.865 40.700 62,495 Depreciation and impairment At 1 April 2024 Depreciation charged in the year 10.417 2,541 17,203 6,509 27.620 9,749 699 At 31 March 2025 699 12,958 23,712 37,369 Carrying amount At 31 March 2025 4,231 3,907 16.988 25,126 At 31 Marth 2024 4,375 20,497 24,872 12 Fixed asset investments other investments Cost or valuation At 1 April 2024 & 31 March 2025 Carryin9 amount At 31 March 2025 At 31 March 2024 2025 2024 other investments comprise: Notes Investments in subsidiaries 13 13 Subsidiaries Details of the charity's subsidiaries at 31 March 2025 are as follows: Name of undertaking Registered office Class of % Held shares Direct held Communty Connexions Trading Limited Suite 14 BrZSPa Corinium House. Corinium Avenue, Barnwood Point, Gloucester, England, GL4 3HX Ordinary £1 100.00 18-
COMMUNITY CONNEXIONS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EJVDED 31 MARCH 2025 14 Debtors 2025 2024 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 138,672 43,877 71,784 72,067 35,410 36,143 254,333 143,620 15 Creditors: amounts fallin9 due within one year 2025 2024 Notes Bank loans other taxation and social security Trade creditors Other creditors Accruals and deferred income 18 6,087 18.004 37,231 3.022 82,261 5,937 9,637 21,527 1,857 104,499 146,605 143,457 16 Deferred income Included in accruals and deferred income is £69,275 (2024.. £93,120) of deferred income. Deferred income at 1 April 2024 Released from previous periods Resources deferred in the year 93,120 (93,120) 69.275 112,199 (112,199) 93,120 Deferred income at 31 March 2025 69,275 93,120 17 Creditors: amounts falling due after more than one year 2025 2024 Notes Bank loans 29,353 35,439 19-
COMMUNITY CONNEXIONS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Loans and overdrafts 2025 2024 Bank loans 35,440 41,376 Payable within one year Payable after one year 6.087 29,353 5,937 35,439 The loan was a Bounce Back loan from HSBC and was drawn down in September 2020 in response to the Covid-19 pandemic. The Board of Trustees have agreed to extend the original loan period to 10 years, although it can be repaid during this period. Only the interest of 2.50A was being paid until October 2022 and then capital and interest are being paid for the remainder o* the loan period. 19 Operating lease obligations Future minimum lease payments due under noTrcancellable operating leases.. 2025 2024 Within one year Within and five years 163,850 459,620 97,266 275,927 623,470 373.193 20 Restricted funds The restricted funds of the charity comprise the unexpended balan$ of donations and grants held on trust subject to spectfic conditions by donors as to how they may be used. At 1 April 2024 Incoming Resources At 31 March resources expended 2025 Bamwood Trust J&M Britton Amold Clark GCC- Levelling Minibus Grant North COoIdS Set Up Grant Hospital Transport Door-to-door Connexions Volunteer Grants Thriving Communibes 7,500 (1,874} (161) {1,000) (93,120) {60,8211 {8501 (3.750) {5.500) (7,500) 5,626 3,839 4.000 1,000 93,120 57,821 850 15,000 5.500 14,500 11,500 11,250 7,500 26.000 180.791 (174,5761 32,215 -20-
COMMUNITY CONNEXIONS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Restricted funds (Continued) Previous year: At 1 April Incoming Resources At 31 March 2023 resources expended 2024 Thriving Communites North Cotswolds Set Up Grant Volunteer Recruitment & Training J&M Britton 7,500 100.699 14,308 4,000 7.500 14,500 (86,199) (14,308) 4,000 126.507 (100,507) 26,000 Barnwood Trust £1 OOK over 3 years to support the Better COnneonS project J&M Britton Funds used towards trips initiatives and rel*ed communty transport. Arnold Clark £1000 to assist with Carer spaces (carers travelling wtth disabled passengers travel free, bLrt it does mean a space is used up so there is an opportunity cosL This fijnding was to recompense us for some of the lost revenue). GCC - Levellin9 Minibus Grant This was govemment money to support local communty transport providers in updating their oldest )leeL North Cotswolds Set Up Grant This was section 106 money for a volunteer recnjitinent campaign ntred on Tetbury. Hospital Transport To support volunteer led transport to hospital appointrnents, to help provide equality in health provision. Door-to4oor Connexions To recruit and train more volunteers to assist with door-tcHloor transport. Volunteer Grants To assist with the costs of recruiting and training new volunteer drivers. including the costs of the Volunteer Manager. Thriving Communities A grant from Gloucestershire County Council to be used towards volunteer expenses and training and additional running costs of minibuses which cary groups or those living disabilty. 21
COMMUNITY CONNEXIONS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 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 include designated fvnds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 April Incoming Resources 2024 resources expended Tran5fer5 At 31 March 2025 Designated Fund - Capital Reserve General fijnds 10,372 205.418 {6,749) (1,292.624) 10,003 {10,0031 13,626 398,499 1,495,708 215,790 1,495,708 (1.299.373) 412,125 Previous year: At 1 April Incoming Resources 2023 resourees expended Transfers At 31 March 2024 Designated Fund- Capital Reserve General funds 15,016 184,245 (5,78n (893.582) 1.143 (1,143) 10,372 205,418 915,898 199,261 915,898 (899.369) 215,790 Capital reserve An amount equal to the value of unrestricted tsngible fixed assets is held as a designated reserve. Transfers between funds Transfers are made between restricted and unrestricted fijnds at the end of every accounting period in cases where: (i) The activity of the restricted fund has come to an end and there is an unspent balance that is not repayable to the fiJnder(s), when the surplus is transferred to unrestricted funds", (li) the restricted fund is in deficit and has etther come to an end or there is no prospect of a surplus in a later period, which the deficit is eliminated by transfer from unrestricted fijnds., and (iii) to transfer the value of tangible fixed assets from restricted to unrestricted fijnds when the asset has been purchased from a restricted fund donation bui is held for a general and not a restricted purpose.
COMMUNITY CONNEXIONS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Analysis of net assets between funds Unrestricted Restrictèd Total funds funds 2025 2025 2025 At 31 March 2025: Tangible assets Investments Current assetsl(liabilities) Long term liabilf(ies 13,626 11,500 25,126 427,851 (29.353) 20,715 448,566 129,353) 412.125 32,215 444,340 Unrestricted nds Restricted funds 2024 Total 2024 2024 At 31 March 2024: Tangible assets Investments Cuent assetsl(liabilities) Long term liabilities 10,372 14.500 24,872 240,856 (35,439) 11,500 252,356 135,439) 215.790 26,000 241,790 23 Employee benefit obligations The charity operates a defined contribubons pensions scheme. The assets of the scheme are held separately from those of the Charity in an independendy administered fijnd. The pension cost charge represents contributions payable by the charity to the fund and amounted to £11.050 {2024.' £8,120). Contributions payable to the fund at the balance sheet date were £3,022 (2024". £1,857). 24 Contingent Liabilities Various funders retain the right to claw back grants should the use of the fvnds not be in accordance with the temis of the grant. As far as the trustees are aware no such liability exists at Ihe year-end. 25 Related party transactions There were no disclosable related paty transacttons during the year {2024- none). -23-
COMMUNITY CONNEXIONS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 26 Cash generated from operation5 2025 2024 Surplus for the year 202,550 42,529 Adjustments for: Investment income recognised in statement of financial activitses Depreciation and impaimient of tangible fixed assets (4,769) 9,749 (2,7821 6,287 Movements in working capital: {Increaselldecrease in debtors Increasel(decrease) in creditors (110,713) 2,998 12,508 (21,991) Cash generated from operations 99,815 36,551 27 Analysis of changes in net funds At 1 April 2024 Cash flows At 31 March 2025 Cash at bank and in hand 252,193 88,645 340,838 Loans falling due wthin one year Loans falling due after more than one year (5.937) {35,439) (150) 6,086 (6,087) (29,353) 210,817 94.581 305,398 -24-