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2024-03-31-accounts

Registered number: 05702090 Charity number: 1140209

Community Resources for Change

(A company limited by guarantee)

Unaudited

Trustees' report and financial statements for the year ended 31 March 2024

Community Resources for Change (A company limited by guarantee)

Contents

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 9
Independent examiner's report 10 - 11
Statement of financial activities 12
Balance sheet 13
Statement of cash flows 14
Notes to the financial statements 15 - 28

Community Resources for Change

(A company limited by guarantee)

Reference and administrative details of the Charity, its Trustees and advisers for the year ended 31 March 2024

Trustees

Avril McIntyre (resigned 19 February 2024)

Sally Dixon Rachel Wright John Singleton Nzilani Kaunda

Company registered number

05702090

Charity registered number

1140209

Registered office

Lifeline House 25 Neville Road Dagenham Essex RM8 3QS

Accountants

Kreston Reeves LLP Chartered Accountants 9 Donnington Park 85 Birdham Road Chichester West Sussex PO20 7AJ

Bankers

CAF Bank Ltd 25 Kings Hill Avenue West Malling Kent ME19 4JQ

Independent Examiner

Lucy Hammond BSc FCA DChA Kreston Reeves LLP Chartered Accountants 9 Donnington Park 85 Birdham Road, Chichester West Sussex, PO20 7AJ

Page 1

Community Resources for Change

(A company limited by guarantee)

Trustees' report for the year ended 31 March 2024

The Trustees present their annual report together with the financial statements of the Community Resources for Change for the period 1 April 2023 to 31 March 2024. The annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Charity qualifies as small under section 382 of the Companies Act 2006, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Main activities undertaken to further the Charity's purposes for the public benefit

In planning the activities of the Charity, the Trustees have given consideration to the guidance on public benefit issued by the Charity Commission, in particular to ensure that:

.

Page 2

Community Resources for Change (A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Objectives and activities (continued)

Achievements and performance

a. Review of activities

Activity Report

The work of Community Resources has gone from strength to strength this year with new levels of engagement with a range of participants, secured funding which ensures the work is sustainable and a growing number of volunteers. The reach both within the local Barking & Dagenham area and wider through Peaced Together is significant and it is a charity that demonstrates strong local connection with a strategic influence, shaping the landscape of the local social sector. We are grateful to our funders for the ongoing support, Barking & Dagenham Council, Mercers Charitable Foundation, Garfield Weston Foundation and Trusthouse Charitable Foundation, Lancaster Foundation Grant and Tudor Trust.

The budget for 2023 to 2024 was forecast to have a deficit of £34k but due to significant additional funds being sourced during the year, we were able to transfer an additional £27k into free reserves at the year end. We will actively pursue funding as we recognise that most of the current funding ends in the next financial year. We are confident that with the excellent work happening across the charity that we will be able to secure the necessary funds.

Neighbourhood Team

Continuing activities

The work continues to attract healthy numbers. The most popular activities have been:

New activities

This chair-based exercise class was set up by Tracy Brace who wanted to find a way of exercising that would accommodate her wheelchair. We have supported her by applying for funding and have employed a qualified instructor. Up to 16 people attend every week.

- Finding Solutions:

Although not a brand new activity, we haven’t run this for a while. We’ve been really pleased that it has been very

Page 3

Community Resources for Change (A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Achievements and performance (continued)

well attended – around 17-18 people a week.

Training

We are about to train our second group of women - having started with 7 in last year’s group, we are inviting another 9 to join. This is really exciting as it’s a mixture of church women and those who have come through activities at Castle Point over the last year. It’s a great opportunity to explore our values with those who are new to our way of working.

There are around 40 volunteers at the moment. They are involved in helping in the kitchen, cleaning, picking up food, running and supporting various groups. Marisa ensures they are being trained, understand our values and get the support they need.

Connection

Friendships continue to be built and also continue outside Castle Point with some people meeting up for coffee, lunch etc. Several people also come on a Sunday to the church meeting and are starting to get to know others. Comments from our visitors’ book:

‘I love Castle Point because everyone is so friendly and make you feel so welcome and are always helpful’ ‘Always there if you have a problem like one big happy family. Nothing is too much trouble and we all help each other with all sorts of issue and the food ain’t bad (thank you Ellie) Ha ha!’

‘Since I joined the Castle Point team in 2015 I was a bit nervous of everybody but everyone welcomed me. They helped me to get my confidence back. I like helping Eli out in the kitchen, - she relies on me sometimes. If I’ve got problems I can talk to someone here. If I’ve got something going on they help me’.

‘Castle Point is a great place to be. I have made friends there. I never had friends before I went there.’

One-to-one support

This remains a key (and challenging) part of our work.

Our support team do a great job in liaising with services and are often able to get breakthrough in situations that have seemed immovable. Housing continues to be a particularly difficult issue for people to navigate but people also often ask for help with applying for benefits, looking for employment, writing to the Home Office, phoning about healthcare appointments etc. This unseen work all takes a lot of time and energy but is also often very rewarding. For example, one woman was referred to us by a midwife and we have been there consistently with her since before her son’s birth, assisting with her home office application, helping with clothes for the baby, food and other practical support. She has found friends and a new family with us and recently joined in with the baby thanksgiving at church. She is very moved by the support she receives and says watching how we work gives her the desire to find her own sense of purpose.

Our family support workers spend a lot of time supporting mums (particularly those who have moved here from other countries) with parenting issues, healthy eating concerns etc. The ‘Amazing Mums’ group (for women who have autistic children) has developed, with her help, into a mutually supportive group where they can discuss their concerns and offer advice from their own experience.

Articulating who we are

Dr Anne Smith was seconded to us from FaithAction until the end of March and helped us identify key reasons for why our work is successful. She has produced a document, Community Resources: why does it work? We expect to be able to use this to talk and write more effectively about our approach.

Page 4

Community Resources for Change (A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Achievements and performance (continued)

Dr Smith also brought together a focus group to re-design our evaluation questionnaire which had previously been too wordy for those with literacy problems or English as an additional language. It is now much simpler and user-friendly.

Peaced Together

Peaced Together continues to grow with constant new interest although for various reasons some of our trained locations are no longer maintaining their licence, we have 37 current licences and a further two who have been trained but not quite managed to get up and running. In addition to this we are currently training one more location which will be our first in Manchester. We have also been running training to expand some current teams as well as training two of our team with the Creative English support materials enabling them to deliver Peaced Together to those who have English as an additional language.

We are coming to the end of our funding and have submitted several applications which have not been successful, still waiting on the outcome for one of them. We are running a pilot for a new follow-on course which is focused on people wanting to explore their faith, hoping to roll this out through our current locations. Many partners we work with are churches and they are interested in this new programme. We have applied for funding specifically for this and will hear if that has been successful at the end of April.

The Peaced Together team has reduced this year with admin currently being covered by one part-time team member, we need to secure further funding in order to employ additional support and expand the team. Over the last year we have delivered 26 courses to 184 participants (we have not yet received all our annual returns, so these numbers are likely to increase). Since Peaced Together started in 2012 we have delivered 273 courses to 2,009 participants.

Localities

Community Resources continued in its role as convenor and host of the community locality lead organisations, with Barking & Dagenham GP Health Inequality Leads, NELFT Locality Leads, Mental health practitioners, LBBD’s Participation and Engagement, Housing and Community Solutions teams and CAB. The Community Locality Leads programme was initiated in October 2022. The model was underpinned by a learning programme, supported by a learning partner, Ratio, and utilising funding secured by the NE London ICB to address health inequalities, combined with funding from LBBD to address the cost-of-living crisis. The proof-of-concept year set out to discover how best to build an asset-based, community infrastructure in addressing the challenges of residents facing health inequalities and the impact of the cost of living crisis.

During 23-2024, the five organisations collectively spoke to 3,596 local residents, produced a 4-episode podcast called ‘friends and purpose’, and created six locality maps which together highlight 775 connecting places across the borough. At the time of writing these have collectively gained just under 25,000 hits online. 93% of these came from just one locality where, following ‘prototyping training*’ a group of residents have been testing how to link local people to safe, connecting places. Community Resources trained 17 community groups in the art of ‘'prototyping’ – learning to identify the question which they want to try to solve, testing different solutions, evaluating their effectiveness, and adapting accordingly.

The work was extended for four months to January 2024 after the first year’s funding came to an end at the end of September 2023. During this period, external evaluators, Collaborate, were commissioned to evaluate the first year’s work, to support the development of the model from the learning gleaned from the first year. From February 2024 a further ‘transition’ phase was funded, with Community Resources leading on gaining the input from wider networks of VCFSE organisations into phase 2 of the model; in particular adapting the model to centralise the establishment of locality networks.

Connection Catalysts

In September 2023 Community Resources partnered with Care City on behalf of the BD Collective to lead a piece of work which brought together three strands of funding designed to address the health impacts of social

Page 5

Community Resources for Change (A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Achievements and performance (continued)

isolation on those who are discharged from hospital without the support of family and friends.

B&D’s Place based Partnership and Health and Wellbeing Board Committee in Common agreed to release funds from the Ageing Well Programme, the Better Care Fund and the Clinically Extremely Vulnerable Fund to the BD Collective to support a programme of work underpinned by learning. The programme was set up to discover and test how support, and ‘alongside’ friendships can improve people’s health and well-being, prevent people returning to hospital and create environments for people to flourish and contribute to their community outside a service model.

The work is being completed in two phases:

Phase 1 was built on work that has been done in recent years to understand why Barking and Dagenham has the 2nd highest rate of loneliness across the capital, and to design something different.

Phase 1 interviews with people who have been in this isolated place have revealed ambitions that grow as an individual recognises, appreciates the power of strong relationships, and wants them for themselves - eventually leading to reciprocation and a contribution to the wider community. For example, from those who start to invite other people who they know are isolated to join in, to leading an exercise class (Wheels in Motion) for those who are in a similar situation to themselves.

Phase one has also uncovered the importance of working with people to help them build their agency to address ‘root causes’ in their lives and recognise that people experiencing isolation are also frequently experiencing new transitions and complexity.

BD_Collective.

The work of BD_Collective continues, and is now in its final year with Community Resources as the secretariat. Over the last year, there has been considerable work done around the future of the Collective to ensure the transition from Community Resources is effective. A team of 12 member organisations have been shaping the plan to create a Community Benefit Society (CBS) for the ongoing work. This has now been agreed in consultation with the wider Collective membership. The social infrastructure contract which has funded BD_Collective to date is being retendered in April. The staff team will continue until the end of the current contract, July 2024 and then be TUPed to the new entity.

Activity of the Collective this year has been focused on the building of the 7 active networks and supporting the consortia programmes that have developed. In addition, the first consortia led community building was established at Heath Park. This is a partnership of 3 core organisations and a great opportunity to demonstrate the impact of a consortia model. We anticipate many more developing in the future. The £95k Community Chest fund, focused on social prescribing, was managed and distributed by a steering group established from Collective membership and distributed using participatory methods.

The process for Network development has been improved and simplified by a small group of member organisations. The Little Box and Big Box still exist but the process is now much simpler.

BD_Collective hosted 2 events Together We Lead which brought in high profile external speakers alongside local practitioners to explore the significance of civil society. These were well attended and increased the profile of BD_Collective beyond Barking & Dagenham.

As well as the above, BD_Collective has convened around 12 briefing meetings about funding opportunities for local organisations, provided representation through members at 14 different boards/committees and been part of 5 strategy workstreams with statutory partners.

Communication has continued to be a mix of e-bulletins and the Discourse platform. We have seen a marked increase in the use of the platform over the last year.

Page 6

Community Resources for Change (A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Achievements and performance (continued)

Future plans

The work of Community Resources, especially in Barking & Dagenham has grown considerably and we will build further on this in the year ahead. The transition of BD_Collective secretariat will be a big change this year, but Community Resources will still be involved in the Collective activity as a member.

We have a small deficit of £56 projected for the coming year and we have already been active in seeking relevant funds to cover this and expand the work.

Financial review

a. Going concern

We currently have 3 applications in process for the ongoing work of the Neighbourhood team and Peaced Together and we are pursuing other avenues of funding for the shortfall in overheads and other costs. The Trustees reviewed the financial position at the meeting in July and agreed to review the financial position again in September following the outcome of these applications. We will review the need for redundancy at this point to ensure we do not incur additional staff costs post December as required. There has recently been an award of £19,694 towards costs for this team. We are ensuring all expenditure is monitored carefully for all departments. Costs are being cut where possible.

On this basis the Trustees are confident that the charity is still a going concern. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

Community Resources for Change reserves policy sets the level of reserves to be held as: - Two months full running costs - A further two months of salary costs

This equates to a minimum free reserves level of approximately £80k. At present the Charity holds sufficient reserves to exceed this target.

This level of reserves is designed to provide an orderly reduction in charity activity should income decline for any reason.

c. Results for the year

GLW Management Services Ltd have continued to provide our financial management, supported by our bookkeeper here. This is working well and the Trustees are satisfied that we now have robust monthly management accounts.

At the year end, the Charity’s reserves include a balance of £4,819 (2023: £26,140) of restricted funds which comprise unexpended balances of grants and donations held for specific purposes.

Whilst the Charity has a deficit of £139,231 in the financial year 2023 to 2024, (2023: Surplus of £120,676), there were free reserves of £295,585 carried forward from the prior year leaving balance of free reserves of £177,675 at 31 March 2024. This enables Community Resources to continue to function as a going concern.

Page 7

Community Resources for Change

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Structure, governance and management

a. Constitution

The Charity is a company limited by guarantee, as well as registered charity and as such is a non-profit making organisation. It was incorporated on February 2006 and its governing document is the Memorandum and Articles of Association.

b. Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.

c. Risk management

The Trustees have assessed the major risks to which the Charity is exposed and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

The first of the two main risks affecting the Charity is limited staff capacity impacting the delivery of work. Management regularly review and adjust the staff responsibilities. Avril McIntyre meets with Project Leads to ensure they are managing their own workload and that their team is working well.

The other main risk the Charity faces is the ability to obtain additional secured funding, post the Reaching Communities grant. An application has been submitted and management expect to hear the outcome of this by late August. Management are also identifying other possible funders to apply as well.

Plans for future periods

We recognise that our website is very out of date and have relied on pro-bono support to get that developed. However, we recognise this is now a priority and will invest some of this year’s surplus in making sure that effectively represents our work.

We have the opportunity to second Dr Anne Smith for a day a week over the next year from FaithAction to support us with how we measure impact. Anne has extensive experience of developing effective ways to measure connection and belonging and we expect this to be a significant investment both to understand why what we do is so successful as well as support with future funding applications.

Funds held as custodian

On occasion the Charity receives money on behalf of other charities, which it banks and then pays out to these charities. This income is received as agent for these other charities and the income, and the related payments, are excluded from the Statement of financial activities; any money that has not been distributed by the year end is recognised as a creditor.

The Charity acted as an agent for Lankelly Chase, and in that capacity held £2,119 of funds at 31 March 2023. During the financial year 2023 to 2024 funds of £2,119 were paid out, leaving a zero balance at 31 March 2024.

Page 8

Community Resources for Change (A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its income and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and 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 Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the Board of Trustees on and signed22 August 2024 on their behalf by:

Sally Dixon Trustee

Page 9

Community Resources for Change

(A company limited by guarantee)

Independent examiner's report

for the year ended 31 March 2024

Independent examiner's report to the Trustees of Community Resources for Change ('the Charity')

I report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2024.

Responsibilities and basis of report

As the Trustees of the Charity (and its Directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts 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 accounts 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 accounts to be reached.

Page 10

Community Resources for Change (A company limited by guarantee)

Independent examiner's report (continued) for the year ended 31 March 2024

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed: Dated: 2 September 2024 Lucy Hammond BSc FCA DChA

Kreston Reeves LLP

Chartered Accountants 9 Donnington Park 85 Birdham Road Chichester West Sussex PO20 7AJ

Page 11

Community Resources for Change

(A company limited by guarantee)

Statement of financial activities (incorporating income and expenditure account) for the year ended 31 March 2024

Note
Income from:
Donations and legacies
4
Charitable activities
5
Investments
6
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net (expenditure)/income
Transfers between funds
13
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2024
£
22,985
391,670
7,857
422,512
540,507
540,507
(117,995)
85
(117,910)
295,585
(117,910)
177,675		 Restricted
funds
2024
£
251,739
-
-
251,739
272,975
272,975
(21,236)
(85)
(21,321)
26,140
(21,321)
4,819		 Total
funds
2024
£
274,724
391,670
7,857
674,251
813,482
813,482
(139,231)
-
(139,231)
321,725
(139,231)
182,494		 Total
funds
2023
£
483,657
450,937
2,371
936,965
816,289
816,289
120,676
-
120,676
201,049
120,676
321,725

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 15 to 28 form part of these financial statements.

Page 12

Community Resources for Change

(A company limited by guarantee) Registered number: 05702090

Balance sheet as at 31 March 2024

Note
Fixed assets
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within one
year
12
Net current assets
Total net assets
Charity funds
Restricted funds
13
Unrestricted funds
13
Total funds		 29,740
314,849
344,589
(162,095)		 2024
£
182,494
182,494
4,819
177,675
182,494		 2,667
392,943
395,610
(73,885)		 2023
£
321,725
321,725
26,140
295,585
321,725

The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on _______22 August 2024 and signed on their behalf by:

Sally Dixon Trustee

The notes on pages 15 to 28 form part of these financial statements.

Page 13

Community Resources for Change (A company limited by guarantee)

Statement of cash flows for the year ended 31 March 2024

Note
Cash flows from operating activities
Net cash used in operating activities
16
Cash flows from investing activities
Dividends, interests and rents from investments
6
Net cash provided by investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
18
Cash and cash equivalents at the beginning of the year
17
Cash and cash equivalents at the end of the year
17		 2024
£
(85,951)
7,857
7,857
-
(78,094)
392,943
314,849		 2023
£
69,123
2,371
2,371
-
71,494
321,449
392,943

The notes on pages 15 to 28 form part of these financial statements

Page 14

Community Resources for Change (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

1. General information

Community Resources for Change is a Charitable Company limited by guarantee incorporated in England and Wales. The registered office is Lifeline House, 25 Neville Road, Dagenham, Essex, RM8 3QS. The Charity's principal objectives are as set out in the Trustees Report on page 2.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Community Resources for Change meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Company status

The Charity is a company limited by guarantee. The members of the Charity are the Trustees named on page 1. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity.

2.3 Going concern

The Trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Charity's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

2.4 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Page 15

Community Resources for Change

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

2. Accounting policies (continued)

2.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.6 Government grants

Government grants are credited to the statement of financial activities as the related expenditure is incurred.

2.7 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.8 Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

2.9 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.10 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.11 Liabilities and provisions

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 will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the statement of financial activities as a finance cost.

Page 16

Community Resources for Change (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

2. Accounting policies (continued)

2.12 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2.13 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2.14 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

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 out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The Charity does not currently have any significant accounting estimates or areas of judgement.

4. Income from donations and legacies

Unrestricted
funds
2024
£
Donations
4,738
Grants
18,247
22,985
Total 2023
122,085		 Restricted
funds
2024
£
-
251,739
251,739
361,572		 Total
funds
2024
£
4,738
269,986
274,724
483,657		 Total
funds
2023
£
41
483,616
483,657

Page 17

Community Resources for Change

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

5. Income from charitable activities

Unrestricted
funds
2024
£
Charitable activities
391,670
Total 2023
450,937
6.
Investment income
Unrestricted
funds
2024
£
Investment income
7,857
Total 2023
2,371		 Total
funds
2024
£
391,670
450,937
Total
funds
2024
£
7,857
2,371		 Total
funds
2023
£
450,937
Total
funds
2023
£
2,371

7. Analysis of expenditure on charitable activities Summary by fund type

Unrestricted
funds
2024
£
Charitable activities
540,507
Total 2023
451,996		 Restricted
funds
2024
£
272,975
364,293		 Total
2024
£
813,482
816,289		 Total
2023
£
816,289

Page 18

Community Resources for Change

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

8. Analysis of expenditure by activities

Charitable activities
Total 2023		 Direct
costs
2024
£
807,359
810,067		 Support
costs
2024
£
6,123
6,222		 Total
funds
2024
£
813,482
816,289		 Total
funds
2023
£
816,289

Analysis of direct costs

Staff costs
Property costs
Business development
Communication, marketing and administration
Project delivery costs
Repayments to funders
Total 2023
Analysis of support costs
Independent examination fees
Professional fees
Total 2023		 Activities
2024
£
143,672
20,297
24,923
69,162
549,305
-
807,359
810,067
Activities
2024
£
1,980
4,143
6,123
6,222		 Total
funds
2024
£
143,672
20,297
24,923
69,162
549,305
-
807,359
810,067
Total
funds
2024
£
1,980
4,143
6,123
6,222		 Total
funds
2023
£
124,869
18,532
91,884
61,684
503,279
9,819
810,067
Total
funds
2023
£
1,950
4,272
6,222

Page 19

Community Resources for Change (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

9. Staff costs

Wages and salaries
Pension costs		 2024
£
142,036
1,636
143,672		 2023
£
123,912
957
124,869

The average number of persons employed by the Charity during the year was as follows:

2024 2023
No. No.
11 11

The average headcount expressed as full-time equivalents was:

2024 2023
No. No.
3 3

No employee received remuneration amounting to more than £60,000 in either year.

The total remuneration and benefits received by the Charity's key management personnel, including employer's national insurance contributions, amounted to £47,480 (2023: £38,221).

10. Trustees' remuneration and expenses

During the year, one Trustee, Sally Dixon, received remuneration and benefits in her role as a project coordinator, as follows:

2024 2023
£ £
Sally Dixon Remuneration 14,407 11,933
Pension contributions paid 214 171

During the year ended 31 March 2024, expenses totalling £1,323 were reimbursed or paid directly to 1 Trustee (2023 - £637 to 1 Trustee).

Page 20

Community Resources for Change

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

11. Debtors

Due within one year
Trade debtors
Prepayments		 2024
£
27,093
2,647
29,740		 2023
£
125
2,542
2,667

12. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 April 2023
Resources deferred during the year
Deferred income at 31 March 2024		 2024
£
1,728
2,417
628
157,322
162,095
2024
£
36,826
74,026
110,852		 2023
£
588
982
3,255
69,060
73,885
2023
£
-
36,826
36,826

Page 21

Community Resources for Change (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

13. Statement of funds

Statement of funds - current year

Unrestricted funds
Designated funds
B&D Social Infrastructure
Peaced Together
Health Inequalities Fund
Cost of Living Fund
Prototypes CR
General funds
General Funds - all funds
Total Unrestricted funds
Restricted funds
Neighbourhood Team CR
Lankelly Chase BD Collective
Lankelly Disruptive Explorers
Peaced Together Lancaster
Grant
Health Funds
Total of funds		 Balance at 1
April 2023
£
18,823
5,700
53,092
76,740
-
154,355
141,230
295,585
17,237
6,490
2,413
-
-
26,140
321,725		 Income
£
99,944
8,051
-
255,750
5,801
369,546
52,966
422,512
105,223
-
-
15,000
131,516
251,739
674,251		 Expenditure
£
(100,910)
(5,246)
(52,854)
(308,109)
(756)
(467,875)
(72,632)
(540,507)
(117,641)
(6,490)
(2,413)
(15,000)
(131,431)
(272,975)
(813,482)		 Transfers
in/out
£
-
(2,300)
(238)
(24,381)
-
(26,919)
27,004
85
-
-
-
-
(85)
(85)
-		 Balance at
31 March
2024
£
17,857
6,205
-
-
5,045
29,107
148,568
177,675
4,819
-
-
-
-
4,819
182,494

Page 22

Community Resources for Change (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

13. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
B&D Social Infrastructure
Peaced Together
Health Inequalities Fund
Cost of Living Fund
General funds
General Funds
Total Unrestricted funds
Restricted funds
The Corner Coffee Shop
Grants
Valence Park
Lankellychase BD Collective
Lankelly Chase - Ratio
Neighbourhood Network BD
Lottery
Lankelly Disruptive Explorers
Lankelly Chase Social Isolation
Peaced Together Lancaster
Grant
Neighbourhood Team CR
Total of funds		 Balance at
1 April 2022
£
45,804
-
-
-
45,804
126,384
172,188
9,819
8,152
10,890
-
-
-
-
-
-
28,861
201,049		 Income
£
-
-
-
-
-
575,393
575,393
-
-
-
30,000
52,700
113,543
20,000
15,000
130,329
361,572
936,965		 Expenditure
£
(125,460)
-
-
-
(125,460)
(326,536)
(451,996)
(9,819)
-
(4,400)
(30,000)
(52,700)
(111,130)
(20,000)
(15,000)
(121,244)
(364,293)
(816,289)		 Transfers
in/out
£
98,479
5,700
53,092
76,740
234,011
(234,011)
-
-
(8,152)
-
-
-
-
-
-
8,152
-
-		 Balance at
31 March
2023
£
18,823
5,700
53,092
76,740
154,355
141,230
295,585
-
-
6,490
-
-
2,413
-
-
17,237
26,140
321,725

Page 23

Community Resources for Change (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

Unrestricted/Designated Funds:

Unrestricted Cost of Living Fund - this relates to an LBBD contract to provide funding for local organisations to support residents in Barking and Dagenham. Community Resources acted as the contract manager and lead partner for the programme. It ran from October 22 to January 24. The contract has now finished and the surplus funds from the contract have been transferred to general funds.

Designated B&D Social Infrastructure - This grant runs from July – June each year and so the budget for this project runs across the financial year Jul 23 - Jun 24. We will have expended the grant by the end of June 2023.

Designated Peaced Together Lancaster Foundation Grant - is funding to be used specifically for the Peaced Together project for both salary and other project costs.

Designated Health Inequalities Fund & Designated Cost of Living Fund - These contracts were budgeted across the year Oct 22 – Sept 23. We have expended the full amount within that period.

Designated Prototypes CR - We have secured some funding to do work which enables residents to have their own ideas to work within and for the community, if successful the learning from these can are then cascaded out, each group sets their own mini budget and works within it, for example Wheels in Motion, a chair based exercise group was set up from this funding when a disabled resident wanted to find a way to exercise from her wheelchair.

Restricted Funds:

Reaching Communities is a restricted fund which is specifically for Community Hub activities.

Lancaster Foundation is a restricted fund that was formed upon the receipt of grant funding to be used for the Peaced Together project for both salary and project specific costs.

The Corner Shop Coffee Grant - was originally for the development of the Corner Coffee shop to provide an excellent local place for people to connect, unfortunately the development of the project was halted and the funds were fully repaid to the funder.

The Health at the Hub fund is a small contract to deliver exercise activities.

Valence Park - is an activation programme to network and engage people in the local community to use their local park, due to Covid this was suspended. During the year, discussions were held with the funder, and it was agreed with the funder that the surplus funds could be used by the Neighbourhood Team for local project expenses.

Lankellychase Disruptive Explorers - This fund was for expenses relating to a group of organisations coming together to explore solutions to poverty in Barking & Dagenham. The balance has now been transferred to BD Giving, a local charity who is now leading on this work.

Lankelly Social Isolation was a grant with an open-ended end point. It was for small organisations in Barking & Dagenham to develop projects relating to social isolation. The grant was fully expended during the 22 to 23 financial year.

Neighbourhood Team CR - This is a combination of 3 grants (Mercers, Tudor and Trusthouse) that run across financial years. These restricted funds are budgeted to be spent in full by the end of the year (2324).

Lankellychase - this was a small surplus for a grant received from Lankelly Chase Foundation to support local community based activities. The project is now concluded. Lankelly Chase – Ratio – This was a grant wholly expended on learning partnership activities provided by Ratio for the Barking and Dagenham Social Infrastructure project.

Neighbourhood Network BD Lottery - Community Resources acted as a the managing agent for this grant from the National Lottery for Barking and Dagenham Social Infrastructure, the full amount of funds were expended during the 22 to 23 financial year.

Page 24

Community Resources for Change

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

14. Summary of funds

Summary of funds - current year

Designated funds
General funds
Restricted funds		 Balance at 1
April 2023
£
154,355
141,230
26,140
321,725		 Income
£
369,546
52,966
251,739
674,251		 Expenditure
£
(467,875)
(72,632)
(272,975)
(813,482)		 Transfers
in/out
£
(26,919)
27,004
(85)
-		 Balance at
31 March
2024
£
29,107
148,568
4,819
182,494

Summary of funds - prior year

Designated funds
General funds
Restricted funds		 Balance at
1 April 2022
£
45,804
126,384
28,861
201,049		 Income
£
-
575,393
361,572
936,965		 Expenditure
£
(125,460)
(326,536)
(364,293)
(816,289)		 Transfers
in/out
£
234,011
(234,011)
-
-		 Balance at
31 March
2023
£
154,355
141,230
26,140
321,725

15. Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted
funds
2024
£
Current assets
228,918
Creditors due within one year
(51,243)
Total
177,675		 Restricted
funds
2024
£
115,671
(110,852)
4,819		 Total
funds
2024
£
344,589
(162,095)
182,494

Page 25

Community Resources for Change

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

15. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior period

Current assets
Creditors due within one year
Total		 Unrestricted
funds
2023
£
356,101
(60,516)
295,585		 Restricted
funds
2023
£
39,509
(13,369)
26,140		 Total
funds
2023
£
395,610
(73,885)
321,725

16. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/expenditure for the period (as per Statement of Financial
Activities)
Adjustments for:
Dividends, interests and rents from investments
(Increase) in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operating activities		 2024
£
(139,231)
(7,857)
(27,073)
88,210
(85,951)		 2023
£
120,676
(2,371)
(67)
(49,115)
69,123
17.
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents		 2024
£
314,849
314,849		 2023
£
392,943
392,943

Page 26

Community Resources for Change

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

18. Analysis of changes in net debt

Cash at bank and in hand At 1 April
2023
£
392,943
392,943		 Cash flows
£
(78,094)
(78,094)		 At 31 March
2024
£
314,849
314,849

19. Pension commitments

The Charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £1,636 (2023: £957). Contributions totaling £Nil were payable to the Charity at the Balance sheet date and are included in debtors (2023: £Nil).

20. Operating lease commitments

At 31 March 2024 the Charity had commitments to make future minimum lease payments under noncancelable operating leases as follows:

2024 2023
£ £
Not later than 1 year - 11,667

Page 27

Community Resources for Change (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

21. Related party transactions

One of the Trustees; John Singleton, served as a Trustee of Lifeline Community Projects (LCP) and a director of Lifeline Enterprises (LE) and Valence Group Ltd during the financial year.

Avril McIntyre is a Trustee of both Lifeline Church and Lifeline Network International, and a director of Valence Group Ltd and Care City Innovation C.I.C..

The Charity, LCP, has provided back office administrative and financial support to Community Resources for Change during the financial year. A monthly recharge invoice is processed to reflect such transactions.

During the year the Charity had the following transactions with of Lifeline Community Projects (LCP): - Paid expenditure to LCP totalling £12,119 (2023: £4,052). - Expenses were recharged from LCP totalling £1,250 (2023: £3,435)

During the year the Charity had the following transactions with Lifeline Church (LC): - Paid expenditure to LC totalling £32,125 (2023: £19,844).

During the year the Charity had the following transactions with Lifeline Network International (LNI): - Paid expenditure to LNI totalling £10,654 (2023: £6,944).

During the year the Charity had the following transactions with Valence Group Ltd (VGL): - Paid expenditure to VGL totalling £4,277 (2023: £Nil).

During the year, the Charity had the following transactions with Care City Innovation C.I.C. (CCI): - Paid expenditure to CCI totalling £100,000 (2023: £Nil).

During the year, the Charity had the following transactions with Avril McIntyre (Trustee): - Paid expenditure totalling £1,457 (2023: £852).

During the year, the Charity had the following transactions with Judi Singleton, a daughter in law of a Trustee; John Singleton. Judi is a Pilates instructor and is hired to work on a sessional basis. - Paid expenditure totalling £1,110 (2023: £175).

Elspeth Paisley, a former Trustee of CRC, now works on a contractual basis for CRC, her role is developing the health offer within the borough.

Page 28