Compony regl8trotlon numbor 08050352 (England and W410$1 ,sJc Chartered Accountants CHESHIRE CONNECT LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
CHESHIRE CONNECT LIMITED CONTENTS P40• Tru¥iw' rnport Indepondont oxarnln•rf• roport Stal•mant of Ilnandal a¢tlvltl•i 8alanco •hMt Not08 to tho flnanol418tat8monlJ 7-12
CHESHIRE CONNECT LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Tru•t• Mr CP Sykes Mr TD Brlgg8 Ms KL Franc1$ Mr R Mckay ¢h•rlty numb•r 11J3334 Compiny numts•r 08050362 R•gl•t•Md offl¢• St John'8 Chambers Lov* Streat Ch08t8r Chèshlro CH11QN Ind•p•nd•nt •x¥nln•r Mr N S J4nkln$ FCA olo SJC Chartered A¢oountant• St John'• Chimb6r4 Chestfjr Chts8htro CH11QN
CHESHIRE CONNECT LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 30 APRIL 2024 Tho tnjstaes pro¥8nt th•lr annual roport gnd Ilnandal $tstgment8 for the year ended 30 Aprll 2024. Gov•rnlng do¢um•nt , Tho Ilnanclal stat&ment8 havfj boen proparsd in accordanc wlth th& accounting wllri08 891 out In note I to th flnanclal 8tat•m8nts and comply wlth thg chor1y 9ovemln9 documonls, the Companl¢B Act 2006 ond 'Acoounllng and Repartlng by Ch•rflleB'. Stalgment of Ro¢ommonded Practl¢o applleablè to ¢h8rltlg9 proparlng thfylr accounls In aGrA)rdanGe wlth Ihe Flnanclal Reportlng Standard appll¢able In tho UK and Rawbllc ot Ir•land (FRS IQ2}' (gffecllve 1 J8nuary 2019). QbJ•etlv•$ and aollvlth• Our objectlvg¥ ar• dellv6Md by matchlng rgthnt 8klll6 and oxp•rtlg0 offered pro bono from tho I¥661 communlty to r080urc• n8od8 In tho voluntory $gCtor. We do IhlB In Ilve wa. 8h(xt torm prolg¢ts, or qul¢k fixoa; IDngerknterm proloGL% Involvln9 a rongo of profp$slon81 skllls; sourdng tN$teeJ. m&ntor8. or crlllcal fr18nd& to d•llvar longor.tomi ongolng gupport; provldlng t8rgoted 8upport for 12 charf1108 through th• Tronfjlorm Programmo and, proyldlng leAdernhlp d6v8lopmonl an(1 oupport, Thg Chorty'• ObJ•Gt• •M, for tha b•nefit ol tho Publ1¢: IA)- To promots t &fflol•n¢y Ind •ff0Ctlw•noJ$ of tharlllei, 18)- To promoto clvl¢ r•8pondblllty and good ¢llkon8hlp. Tho proJ8ct8 Ganlod out onglgod wlth 200 locèl buolnosses and skllled Indlvldu<t ind 175 ch8rltl88 and noh.profil organi$allon$, We 4r0 contlnulng our plonj to croate a greater porc•nlago of Hlgh Imp8¢t Matches and wo ar• d8llghlod io 800 an In¢roa8• In tho numbor of proloots whl¢h have Involvod a rango ol bu8ln6&H ¥klll¥ ond rnaultod In longttr-term, hlghor-Impa¢t out¢om•&, W• havg 4110 0n¢ouragod mor• sk11 •x¢h4ngo8 beiwo•n chArttlo$, lor&Ing th• woalth of 8klll8 ond exporloneo wlthln tho sector, cShI Conn•ct 1$ a Bmall chlrfty whlch Match th• 8klll& and expwrtl80 ol local bu8ln•skno and profoJilonalN, offorod fr¢e of charge, wlth th• n••d4 of the p)mmunlty and voluntsry Jactor. W• vAra $$tabll$hod as a R9glBtorad Chorbty In 2013. Our work Impaots po8IIIv8ly on 8 wtd• rang0 of dlsadvanlaged In(IlYldual$ ond groups that U80 and rely on Iho chartlle8 that wa ¥upport. Sklll$ offorod by bu&ln0850¥ includo busino8s plannlng, financial lorecasllngi web81to dev8lopment, IT Byotemty rwlow8, mark•tlng, HR advle•, Ind mentong. Charftabl• ioVvlll•• dèveloplng our 8oNlc$i to bulld alrongor, morn Justalnablo wmmunltloo In Cha#hlr• by helplng ¢)harbtl and bu81n•w8 to work ioaethor. By malchlnu rolevant bulln¢ sklllj and oxperth to lh• ol ¢horltioty wo work In portnerlhlp to onoble them to ddlver thelr fronl-Iln¢ mor• •ff•¢tlwSy •MI to bulld aopodty whor• approprlats, Our Valum: CollaboraOn- worklng effecllvely In p4rtnorshlp wlth l)u¥ln&ve8, chatltl•o and k8y stsknhold•rs to d6volop $tronger communltla$ togothar; * Undor8tondlng w¢ bulld kned90 of Gur loc81 ¢ommunltl•s arKJ strong rel10n6hlp5 to doarty undersland how w• con b88t dlract our r•sourceo'. P¥¢¥lon - wé &te p8S8lonato about stImulan9 lastlng chango and JUdIng slrongar communltles, Fundrol8lng gct6vltlos as at ygor wid 30th Aprll 2024. we hav¢ ralsod £111,SOQ whlch Indud•$ £108.000 In donatlon$ from lo¢al bu8ln0&$8s and £3.000 In p•r&onal don&tlon•, I Inv¢sln)¢nt pmi•e• Tho charity does not hold any xive8tmonts.
CHESHIRE CONNECT LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Intarnal ond •xtvn•l factors Everythlng w• do at Cb•shlre Connect l¥ based on our vHlufts. Wè work C191Y 8 number of partnorn, Lo¢al Governm•nt, Ch6Jhlm Con¥tabulary, th8 Church ond local ch4rltahlg Irusts 4r9 koy stakgholdefs in Chgohlro and play an Important part In our work. A8 W8 gtrlvg to b8ttor undery4land our lorAI communltles It l¥ evldent that 8oourlng fundlnG ond ra60urce6 1$ In¢roslngly tho11onglna. whllsl dom4nd conltnuw lo In¢rfra88 for 8grvlco offgred by charltl88 and communlty orggnl8atlon$. Wa ohr flvo mbln tyw of 4klll8 ox¢h4nw; 8hort-torm prol•cts, or Qul¢k Rx•4' Lryorknt•rm prol•cts Ibwolvlng Mng6 of prolwk>nal sklll8; and, 80urclng Tru$tee8, Mentors, or Crlllcal Frfends lo delIr longer tami onuolng upport., Leadernhlp dovelopment; and, lar10 8UPPOrt through 1110 Tran6fom Prowammo. Our team of Bu$ln08$ Connectors devalop Slronu rglatlon¥hlps wlth voluntary Sector organlsatlons And lo1 bualnes$es. Wo work wllh Voluntsry 8•Ctor organl8atlon6 to Id¢ntlty whlch busln089 yklllj and ¢xpert188 wlll Improve outcomes for th•m and th•lr 1orvlc• usor4. Slmultinfjou8ly wo glve Ioco11)u61no89•8 an opportunlty to off•r Employer Supported Volunt6&rlng (ESVI 8xpeAlan¢fji. Our $ervlco18 almgd at provldlng a moanlngful opportunlty for employaoty to OXW4Dd and d•valop tliolr rango of 4klll& and expgrlonGo whl$l thoy uNe Ihoir buNlno98 oxpertls• to mak6 a dlfforencg to th lorAI oommunlty. Ovfjf the next flnand01 yoor, we vmnt lo al$0 foou8 on IntonAIvo 8lrateglo 8UPPQrt for a number of charfUo8 that naed to rapldly oxpand thglr oeT¥Ic68 to meet tho dfjmand poat pandomlc. Th• 'Tranifom) Pmgrammo, wlll allow u4 to 8UPPOrt thom ¢harlllO4 Sn th• w4y4 that wlll glve Ihom focu$•d Strotfjglc support over an ohghl90n month porfod. FlnAn¢ll r•vl The r06uIts forthe Or are ahown In tho Statement of Flnanclal AcllvlUo8. Income for the year ha8 d8lXouod 10 £112,05512023', £152,191) wllh an Incroaa• In Oxpgndlturn to £132,582 (2023: £125,893). Thls lfjavo¥ total fund8 4130 Aprfl 2024 of £82,728 01 whkh £nll lo roitrlolod (2023: £83,235, of whl¢h £nll w•8 rnStrf¢iod). R•i•rY•• poll¢y Cheihlrn Conn•ct Llmft•d n8•dJ rowva• for Ihe followlng rM•oTh•: 1. Cov•rfng unk•resMn day~to4ay oymtlonal ¢0811. 2, A of Income, 8u¢h o• grant, nDI belng ronowod, Fund• mlght b• n••d•d to glv• th• tru8te•o Ilm• lo 4cYon Ir In¢om• falt8 below •xp•¢t4tlon. 3, Pl&nn¢d commltmonl• Ih•t nn0( b• mot by futurg In¢omo alon•, ¥u¢h as plan$ for •n aii•t pur¢hoJo or fvnd• for a nIt&t prd•ol Ihal rnqulrn• Ch••hlrn Commont Llmll•d to pmvld• m•t£h•d fvnthng. 4, Tho need to fund 8hort4•rm d¢fldt8 In a cash budg¢L S, Th• alm l• to hov¢ tsUffldt fund# b oov•r employ¢•'8 $418rl0o for thr•a monthb. I StfU¢tur•, gov•rnan¢e •nd manag•m•nt The ¢harfty ha8 a &o•rd of Trust•88 whlch meets regularfy and l• reoni5b1• lor Iho 8trateglc dIrtIOn and pollw ol tha chartty. At w•#ent the Board comprfio$ tho four trust0. M¥mb¥rs ol th• ¢h•rfty •u&r•ntO• to InIrtbUt¢ An amount not •x(odlng £1 to thg a$80ts r)f th8 charfty In the event ol wlndlng vp. The Inrntees, who or¢ 4190 lh• dlf•Ctm for Ihe purpoB• ol ¢ompary law, and vlho sorvfjd duflw the yoar and up to th6 date of slgnatvrg of Ihe finandal statomgnts wwe: Mr CP Syke8 Mr TD 8rigg$ Ms KL Frands Mi R M¢kay
,CHESHIRE CONNECT LIMITED . TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) ' FOR THE YEAR ENDED 30 APRIL 2024 R•cwltm•nt and •ppplntm•nl ol n•w tru•t•O$ The dlr¢ctors of tho company ar& also charlty tru$l88$ lor th$ purp080$ ol oharlty law and known 08 m*mbar8 of the Monoggm&nt Comffdtto•, All trutho8 glvo th•lr tlTh voluntorlly and r•c•lvo no bonefft6 frorn th• charlty. tN8to0¥' report w48 approv•d by Board ol Tt•88. Mr TD 8rlgg1 Tru•t•• 22 October 2024
CHESHIRE CONNECT LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHESHIRE CONNEGT LIMITED l port to the trustses on my ¢x4minatlon of Iho Ilnan¢l81 $tatemonts ol Cho¥hlr6 ¢Mngct Llmlted (th¢ d78rltyl for the year ended 30 Aprll 2024, R•spon81bllltlo8 and ba¥1$ of report As the tru8te&8 of tho tharlty (and also Its dlr•ctors for the purposa$ of company low) you 8re ro8pon81blo for Iho proparatlon of the flnanolal 8tstemontg In acrA)rdanoo wlth the r8qulromontg of tho Componlo8 A¢t 2008 (Iho 2006 Havlng $at181od my8alf that th• flnanclal &tat•mgnts ol the chorfty 4r• not r•qulrod to b• audlt•d undor Port 18 of tho 21)OB Act 8nd mro ellglblo for Ind6pondpJnl oxamlnatlon. I report In rn$po¢t of my examln4lk>n of charlly'g financlal 8talèmonts ¢•rrlod wt under secllon 145 01 the Charlllga Act 2011 (Ihvj 2011 Act). In rryIng out my oxamlnatlon I ha followed all Ihe appllcAble DIr9On$ 9lvon by tho Chgrlty CommlJ&lon under secllon 145IS)(b) of 2011 Act, Ind•p•nd•nt •x•mln•f• •tat•mgnl I hay* ¢omplfjted my oxamlnutlon. l ¢gnfirm thot no matt•r4 h4va ¢om• to my oth¥non In oonn¢ollon wlth th• exaMInl¢n glvlng mo C8U8è to lIv+ that In any moterfal ro$pecL ¢ounllng rncord8 w8r6 not k6pt In iespect of thè charfty a8 ro¢ulr•d by sectlon 388 al the 21)08 Ad,, or th• fln4nolal ulatoment• do not occord wlth th080 rocordj., or the finonclal $tat•m•nts do not comply wlth the ac¢ounllng rgqulr•m•n16 ol 8•ctlon 396 ol tho 2006 Act olhor than any r•qulrtsmont that tho accounta gl¥e 4 true and f•lr vl•w whloh l• not • m8tt•r nIldernd 49 p•rt of on Indgpendont 8xamlnalbn,' or the ftnanolal 8tatoments hav• not b••n pr•p4rod In Qrdance wlth tha m•thod• ond prfnclplo8 of the Stat8mont of R6oJmmgnded Prnctlc• for a¢countlng •nd reportlng by charlllaty app11ble io charllle¥ preparfng thelr oontI In 4ccordanco wlth tho Flnan¢lal R•portlnll siandw applloablo In th• UK and R•pubttc of Iraland IFRS 1021. I have no concern ould be dra nd have roport oac rder 88 no olhor matters In nn¢tIOn wlth th• 0xamln8llon to whlch attontlon enable a proper understsndlng of thg flnonclal $t•tom•nts to be reachèd. MrN kl FGA clo SJC ChartOTad Accountants I Sl John's Chwrl)er• l Lovo Stroet hestor Choshlro CH1 1QN
CHESHIRE CONNECT LIMITED STATEMENT OF FINANCIAL ACTIWTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 APRIL 2024 Unro•trl¢tsd Unrntrlctod Rostrlct fund• funds fund• 2024 2023 2023 2023 Nol•• In¢om• Irorn: Donallons 8nd1ggac16fy Inv&8bn•nts 111,500 55S 146,242 110 5,833 1S2,075 118 Totsl In¢om• 112,055 148,358 5,833 1S2,191 Exp•ndlturo on: Chorltable advlll 132,502 119,880 5,833 125.693 Totsl •xp•ndiiur• 132,S62 119,880 6,833 125,693 Not In¢0m(0Xplndltv•) and mov•m•nt In lund• 120,507) 26,498 26,498 R•¢on¢lllatlon of fvnd•: Fund balanc&s at 1 Moy 2023 83,235 68,737 $6,737 Fun4 balfjnM• at ao Aprll 2024 62,72 83,235 83,23 The Jtatemont of flnan¢lal a¢llvlll89 InGludg8 011 aoln8 and lo$ ro¢o9nlwl In tho or, All In¢om• and ¢xp•n¢ltur• dorlve froffl conllnulnu aGtlvltlo6.
CHESHIRE CONNECT LIMITED BALANCE SHEET ASAT30 APRIL 2024 2024 2023 Not•s Flx4d a8s•ts TaryJlbl8 a868ts 10 332 442 Curr•nt a•••t• D•blor8 Ca$h at bank and In haNI 11 12,400 62,198 14,048 72,605 64,598 86,863 Cr•dltor4: Imounlffi falllng du• wlthln on• y••r 12 (2,202) 13,880> N•t èurr•nl a•••i• 62,396 82,793 Tol•l ••••t• l••• QUff•nt Ilablllll•• 62,728 83,235 Th• fund• of lh• ¢h•rtty Unrafytrlot•d fundj 14 82,728 83,235 e2,728 83,236 Th• Company l* ontltlèd to the •x9mpan from th• •udlt roqulr•m•nl eont•ln•d In ••ctlon 477 of Ihfr Companl8•A¢t 2006, for th• yoar 0nd•d 30 Aprll 21r24. The dlrectorn aoknowladge th•lr r01ponbIUI1Qts for u)mplykng wlth thg r•qulremonh of tho Companloi Act 2006 wllh respect to occountlng recordb and Iho prep8r8tlon of flnanGlal 8t•1&nI8. Tho momber8 have nol roqulrad tho oomp•ny b obialn en audlt of iln&nclal •tstomont• for th• year kn qu4•tion a¢Mrdance wllh CtIon 470, The linanclal itatements havo been proporgd In &crdanCI wlth prOvIOni appIlblo lo ComnI¢S sublo¢t lo tho small companlo4 roglm•. Thg flTh•n¢lal •tatom•nts appTovgd by th• trusts•8 on 22 O¢tob•r 2024 Mf TO 8rlgg1 TrM4t mpany rtylmtrolton n r 08060352 (England and Wa188)
CHESHIRE CONNECT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 A¢Muntlng poll¢le8 Charlty Inlorm4tlon Ch08hlro Conn8ct Llmlted Is a prtvato company Ilmltod ty guarnntse IrKorpDrnlod In England and Wal. Th• reglstored offlce Is Sl John's Chambtsrn. Lova Street, Che8t0r, Choshlre, CH11QN, 1.1 A¢¢ounllng convontlon The Ilnan¢ial gt41emant8 hav• lJ•on pMpafd In a¢¢00• th tho ch&rfty'8 9ovamlng do¢umonts, lh• Companles 2006, FRS 102 "The Flnanclal Reportlng Standard 8ppllrAble In th6 UK and R•publl¢ of Irel4nd' ('FRS 102.) and the Charftlgs SORP "A¢¢ountlng and Reportlng by Charltlo8; Statement of R¢¢ommnded Pracllco app11¢0bl6 to ¢h&rftle8 propadng tholr account8 In &ccordance wllh Ihe Flnan¢lo1 Reporting Standard 8ppll¢4bl• In tho UK and Republ1¢ of Ir01and (FR$ 1021. (off¢ctlvg 1 January 2019), Th• tharfty 1$ a Publta B•n•lFI Enilty as d•fln•d by FRS 102. The ¢harlty hai tyk•n advantagg 01 th• provl8lon$ In lh• 80RP for dwr6tl•• not to prepare • Slatemont of C8$h Flow8, Th• flnanclo1614t•m•nts ar• pr•p•red In stertlng, whlch Its th• lunctk)nal GuThgncy of th• ¢harlty. Mon•tary amount8 th089 Ilnanalal it8tom8nts rounded to tho n•arut £. Th• flngncl•l $tat•m•nts havo b••n prnpared under the hlthrlcal cost (A)nntIOn, modlll6d to Includ• th• rwaluallon of fr•olN)Id prop¢rt108 ond to Indudo Investment pmp•rtle8 and certaln fln#ndal Intnim•nt8 at falr valufy. Tho prln¢lp•l 4WA)untln9 poll¢le$ •doptsd ar• Mt Jjt b•low. 1.2 Golng oono•m Al tho Ilmo of apprr4vln9 th• Iln•nol41 •tatomani8, tho Iwgteas hava o raaion•bl• oxpoclatlon that the charlty has adoquate rniourrA¥ to conllnu• In operatlonal exlBton¢kn for tho fom8•oablo futuro. Thu& Ihfj IfuBio conunuo 10 odopt tho goln9 oonc•m ba818 of ac¢ountlng In propartng tho finanel81 st8tsmnts. 1.3 Chvlt4bl• lund• Unreslrlct•d lund8 arn avallabb for uso al t dl8cr•iion ol tho tN•ts•J In furthoranc• of th4lr oharftthbl• ObleoUvo4. Re8trl¢t8d funds aro iubloct lo •po¢tt1¢ condlllons by d¢>norn or ur8nlor8 86 lo how they may b• u••d. Tho purpoao8 and ol I rg$tri¢t•d lund8 aro set out In lh• noles to thg fln•nolal •t8t•manto. Endowm8ni fund• aro 4ubJg¢t to 1speGlnc Mndlllono by donsx• th•t th• oothl mult ts• mdnt•ln•d by th• 1.4 In¢om• Income 18 rowgnl8od whon the chArlty Is1og8lly on{18d to It aftor any perfomiance condlllonfy havg boon mot, tho amounts Can b8 rnMwr•d rellably, and It Is probablo that Incomo wlll bo recelv¢d, Cash donatlon& are reaognlsed on wlpt, Other dOnaonI are ro¢ognlafjd onco tho charlty has been notlllad of the donallon, unlus p&rfomi8na6 ¢ondltiong requlre dgferral of thg amount. Income tax recovorable In r•lallon to donAIIM• r•colvod undttr Glft Akl or d8•d8 of ¢ovenanl1g ro¢ognI8 at the tlrne of the donatlon. Lega¢le8 are recognlye¢l on recelpt or otherw1 If the cbartty ho5 boen notllled of an ImndIng dl$trbuUon. th¢ amount Is known, and rooelpt 18 &XCt. If th• amounl 18 not known, the legacy 18 trfrated as a ont 98gel.
CHESHIRE CONNECT LIMITED NOTES TO THE FINANCIAL 8TATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Aecountlnp polkl•s (Conllnubd) 1.5 Exp•ndltur• Expondlturo Is ra¢ognl8ed oncg there16 a l¢gal or ronstN¢ttve obllgatlon to transfar oconomlc bonéfft to a Ihlrd party, It18 probabla that a tran¥for of economlc bonofl16 wlll b6 roqulrfyd In $0tt1gmvnt, and the omount of the obllgatknn oan be maa8Umd r•llably. Expendlluro 18 ¢laailfi•d by ictlvlty. Th• co$t8 01 oach a¢tfvity or• m4d• up of tho total of dlroct ¢a8t8 and Sharod co8ts, In¢ludlng 8upwrt ¢08ts Involvad In undertaking fjach a¢llvlty. Olrect CO818 8tlrlbutabla to 8 tslnglo actbvlty Bro allo¢ated dlr•¢lly to Ihal aGtlvlty. Shared costs whl¢h contrlbuto to more than on¥ a¢tlvlty and 8UPPQrt CQ6ts whkh are not attrtbutsb16 to a Slngle actl¥lty ara apporlloned bfjlwoan those actlvltl¢s on a ba81s con8lJtgiit wlth the u80 of ro8our¢&¥. Contral stsff ¢o$l$ aro all01•d on Iho of tsmo sp•nt, and d•prndatlon ch8rgo8 are allocalad on tho portSon of tho as¥•t's uw. 1.1 Thngibl• Ilx•d 4•••t• Tanglble flxod gs$6t8 arn Inlilally mea8ur•d ot CO8t and sub8•quonlly mo88ur•d It or vhluatlon, n•t of dopreclatlon gnd any Impolrmgnt lo•$, 08pr•cl8tlon18 r¢ooglllsed to wrlto off th• cojt or valua4)n of 488els l••• th•lr I•d01 valu08 ov•r th¢lr Y•olul Ilv•o or¥ tha followlng ba40•: Ewlpmont 25% rfjduclng bal8nc• Thg galn or loiN arl$lng on tho dlsposal of an asset Is determlnad a8 tha dIfferce belwgln th• 10 fJroog¢dJ and tha ¢arrylng vojuo of thg a8891. and Is rgco9nlsod In tho 8tgtgm•nt of financlal a¢ifvitl69. 1.7 Impalnn•nt of flx•d a•Mt• At each roportlng end d•la, Iho ch8rtly rovlowi the oarylng 8mount8 01 Its tangiN• ets to dot•milne wh8lhw thore 18 &ny Indlcallon that those as8•t8 have 8uff8md an Impalmènl 10$8. If any 8u¢h Indlcaiion •xlst¥, the re¢ov8rabl• amount ol lh• 8gs•t l• •thaled In ord•r to delarniln• th• •xl•nt ol th• Impolrnwnt lo•J (51 any), 1.8 C••h and ¢4•h •qulv•l•nt• Ca8h and caah oqulvalents InGlud• In hand, dop¢ilt8 held ot C811 wlth banks. other short-temi Ilquld Inv•81monts wlth orfglnal m4bJrllb• of thrno Mont or1os¥, and bgnk overdraft¥, Bank overdrafts are sho1 withln borrowlng8 In ¢urront118bllttloh. l.• Flnan¢lal In•lrum•nts Tho charlty haj ele¢t•d 1¢ *pY the prov181on$ ol S•¢lk)n 11 '8a•lo FSntsndtsl In8lrumonts' and $8¢llon 12 'Other Flnan¢l&l In8trument•1$6uo8' of FRS 102 to all 01118 tlnanclAI In8trument8. Flnan¢101 In8trum•ntg aro ro¢ognl8ed In tho ¢hatlW8 balance 8he81 wtrn charlty be¢om06 Party to th• ¢ontr8ctuAI provl¥lon8 of the In&tNmant. Flnanol81 a88ot• and Ilablllttes ara off68t, wlth th8 nat amounts preJ8ntsd In tho flnanclal 8tsloment8, whon thèro18 a legally 8nforc6able rlght lo sel off tho rocognlsed amounts and thoro Si an Intènllon to sottlo on a net a$1$ or roallw th• 0g¥•t and ¥¥Jtti• th¥ Ikablllty Jsimult•nwu41y. 3•81¢ finan¢1 w•ts Baslc Inand assets, whlch In¢lud& debtorn and cash and benk balance$. are Inmolly mfjasul al transactlon prlce Includlng tronsactlon ¢0sts and are suosequfyntty carrted at amortlsgd Go$t usln9 the offècllve Inlarest melhod unless the arrongoment constltutO$ 8 financlng trnnsadion. whole tho tron64CtSon kg m689ured at tho presant valuo of the luture rec&lpts dtscount8d at a market rata of Intsro8t. Flnandal aaset$ das8ifted 8s ro¢elvabl8 wlthln (m year arn nol amortlsed.
,CHESHIRE CONNECT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Ac¢ounkng pollcl•• (C¢ntInu> Bas1¢ ffnancl•l Il•bllltl•s Bastc flnanclal118bllltles, Indudlng crodltoryJ and bank loans are Inlllally recognl¥od at transaclton prfGe unlos$ Ilw 4ff$ngement G(8111ulVS a finanolng tran$a¢tion, whore th• dabt In8trumenl IB m&a8ured at tho prgsfjnt valua ol the future poym•niO di¢counted at a markgt rate of In19rn6t. Flnan¢lal118bllllles cla$8llled a8 payablo wlthln on• y•ar arn not •mortl80d. Dobt In•tNm8nt8 4r• $utwqu•nty earfed at am010d coit, Uglng thg •llqctfva IntèMBt rat• m¢thod. Trad• ¢r•dttor¥ ar• obllg4tloni lo pay for goods or 8•r¥lw th•1 hfy bg•n llcqulr6d In th• ordlnary ¢our•o of ratlons from 8uppll$r8. Amounts payabl• are cl8881fiod as currnnt Ilabllltl•s If paymenl 1$ due withln on• year or le88. If nol, Ih8y are pru6nt&d as non.curronl 114blllllga. Trade crodltorB aru r•coqnl88d Inrtlally At tran&o¢tlon prl¢e and 8ubtaquonity mg48ured al amortlsed uilng tho effe¢tlve Inlore¥t mtslhod, D•rncognltlon olfln•nGlal Il•blllll•• Flnancl81 liabllltlol arn d•r•¢ognlied wh•n tha ch•rW$ ¢ontraithig1 obllgotlon8 •xplr• or Ar• dl$chirg•d or conoollod. 1,10 Employ•• b•nofft• Tho CO$t of any unu8•d hollday ant611wnent18 roc0w18 Sn tha porknd In whlch tho •mploy•o'8 1¢0 ar• f•Gglved. Tgmilnitlon are recopnlg•d Imm•dlatdy ai an •xpgnJe wh•n th• chqrlty h d•monlrnbly commlttod to twmlnale the •mploymont of an omployee or to provld? tsrmln•tlon benelll4. 1.11 R•tlr•m•nt b•n•fll• Payrnonts to d•flned oantdbullon r•tlr•m•nt bon1 8¢homg¥ aro ¢harg•d M •n •xpon40 a8 they fall du4. Crlll¢•l •c¢ounI Mtlmat•• and Judg•m•nl• In th¢ applloatlon ol the ch8rW$ o¢¢ountlng polS¢l•i, tha tru8t•o8 ar• r•qulrad to mik•Judg•mont8, orflrnats¥ and a08umpllonJ about tho carrylng amounl of as801s and Ilabllltle8 that are not r•adlly apparont from olhgr aou0. Tho •Btlmat•8 and 448oclated as$umptlons arfj ba88d on h18torlcal •xporlon¢g and other la¢torn that ore ¢on)Ider•d to bo rolovanL Actuwl fo&ults may dllfor from th••• •stlmalèJ. Th• è8tlmal•8 Artd und8rlylno a8$umptlons ar8 r8vKewed on on ongolng bal•. Rovlalono 10 gocountlng 06tlmatss aro r•cognl$•d In tho pfjrfod In whl¢h th& $tlmo1018 r•vi&•d wh•io iho ravlulon 8ITO¢ts only thai pgrkxl, or In tho porlod of th• rw101( •nd fulufe Porfod wh•rn tho rovl$lon both curTrnt and luturo p•rlodl. In¢om• from don•llon¥ and l•gael Unmtrl¢t•d R•trkt•d lunds fund• 21)24 2024 Tot•1 Unr••lrlcl•d Rutrl¢tsd fvnd• nd• 2023 2023 Total 2023 DonaVon$ ond gl Grants 111,500 111,500 148.242 148,242 5,833 111,500 111,500 14e242 6,833 1 S2,075
CHESHIRE CONNECT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Inwn• from Invostm•nts Unr••trict•d Unr••trkt lunds fvnd• 1024 2023 Inter•8t r•calvab 118 Chartt•bl• actlvttl•• 2024 2023 Stsff costs Doprootauon and Imp•lrm•nt Sundry oxpen8•ts 114,585 110 17,887 109,806 147 18,040 132,602 126,893 132,562 125,693 An4ly•l4 by fund Unr98trl¢tad fund8- general R8strlctetl fund8 132,W2 119,880 5,833 Fe01 payaU• to tha Ind•p&nd•nt aXomkn•r for Ihe y•4r onded 30 Aprfl 2024 relallng to the Indondent xamlnallon of th• Ilnanolgl atatement* or• £1,560 (2023: £1,580). N•t mv•m•rt In fund• 2024 2023 Tho n61 MoVnt In lunds18 11oto11 •ft•r thor9lngl(cr0dltlng): Deprfjdmtlon ol ownad tanglble Ilx•d ao1rf8 110 147 Tru•l••N Thgro were no Irustg08' ramuneratlon or Othor benofits for the year gndod 301h Aprll 2024 nor for the yoar •nded 30117 Aprll 2C123. Thore no tru$toe3' &xppns•$ pold for the y•ar ended 30th Apru 2024 nor for thfr year ed 30th APrtI 2023. 10-
,CHESHIRE CONNECT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) .FOR THE YEAR ENDED 30 APRIL 2024 Employo•1 2024 Numbor 2023 Numbor employm•nt co•t• 2024 2023 Wag08 and 1ol4rlo8 8o¢lal $•curlty cojts Olh•r p•nthyn ¢x)•ts 106,768 ,047 2.782 102,6SO 3,845 3,011 114,580 109,508 Tham w8ro rKJ •mpbyoea whoae annual romuneratlon woo mm ihan £80,WO, Taxatlon Th• charlty Iw fflpt from taxatlon on It• a¢tlvlllo• booau89 all Its In¢omo16 appllgd for charltablo purpots8. 10 Trn9lbh flx•d a•••ts qulpTrMn¢ Co•t At 1 May 2023 2,243 AI 30 Apdl 2024 2,243 D•pm¢11on and Imp•lmi•nt Al 1 May 2023 Depr•clatlon charg•d In th• y•ar 1,801 110 At 30 >prll 2024 1,911 CaTrylng •mount At 30 Awll 2024 At 30 WI 2023 23 Amounts falllng du• wlthln pn• y•*r: 0th8r debtors 12,400 14,1)48 11
CHESHIRE CONNECT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 12 Crgdltor4: falllng du• wlthln ono y•ar 2024 2023 Olher tlxolon and Jodal s•curlty Othèr Lygdltors Awuol$ and d•ferred Incomo 1,873 428 1,559 1,500 2,202 ' 13 R•llr•m•rt b•n•flt •ch•m•• 2024 2D23 D•fin•d oontrfbutlon •ohom•• Charg• to profit or log9 In roJPouI ol dolln•d c¢ntrlbutlon 2,782 3.011 Tha ¢hadty opor•ts6 4 d¢flnod ¢ontrlbutlon pon8lon 8ch•ma tr all qu&llfyln9 •Mploy•. Tho awt• of tho 8ch•m• arn h•ld 16p&ralely from Ihoja ol th• charlty In an Ind•p•nd•nlly odmlnl8tor•d lund. 14 Unra•trlot•d lun4• Tho unr68trl¢ted fundg of Iho ¢harlty comprb8o tho unaxpgnded balancea of donallon¥ and gronts whloh a not $ublact Io •poolflc wndltlonty by donorn •iid grantors 89 to how thay m•y b• used, Thfj8e Indude do$lgnaied fund• whlch havg b••n 8•t agld• out of unrè4trl¢tod fund& by tho Irust••A for bp•clflG purpoo98. At l Miy 2023 In¢omln9 R••ovr¢ r••ourM• •xp•nd•d At 30 Aprfl 2024 G0ner•l fundi 83,235 112,OSS (132, 2> 82,728 PMvlou• y•ar; Al l May 2022 In¢omlng R••¢ur¢•• rn•our¢ oxp&nd•d AI 30 Aprfl 2013 Qomrnl fund• 58,737 148,358 <119.800) 83,235 IF Rol•t•d porty hrb8aellon• Th•r• w•ro no d1sol0blfj rdat•d party transgrtlons durlng tho ygar (2023 - nono). 12-